Document:

ex-10.1

 

 

 
 

 *********
 *********
 *********
 *********
 

 October 2, 2017
 

 Dear ****,
 

 Further to our discussions, we are pleased to present this ***** Binding Term Sheet for the acquisition of *****, subject to the conditions precedent listed below.
 

 	 	
	 BINDING TERM SHEET

	 EFFECTIVE DATE
	 October 2, 2017

	 BUYER
	 Spindle, Inc., a Nevada corporation, 1201 S. Alma School Road, Suite 12500, Mesa, AZ 85210 (“Spindle”)

	 SELLER
	 *****, a ***** corporation, *****, CA *****

	 CONTEMPLATED TRANSACTION
	 Spindle will acquire 100% of the ownership in *****

	 CONSIDERATION
	 1.  Spindle will pay $***** for *****
 ·  $*** in cash at closing
 ·  $**** in Spindle shares
 
 2.
 Spindle will deliver $*****  at closing
 ·  Proceeds will be placed in escrow with Bank to be used as a reserve for processing
 3.  Spindle will also raise a minimum of $***** in working capital to be used for day-to-day operations, growth and acquisitions

	 TIMING
	 Execution of Definitive Documents on or before December 31, 2017

 

 

 Private and Confidential
 

 
 

 	 	
	 BINDING AND EXCLUSIVE
	 ***** agrees to exclusivity to Spindle for the acquisition of ***** until December 31, 2017.  Unless mutually agreed by both parties, this Term Sheet will expire on December 31, 2017.
 This document is meant to have the character of a binding term sheet which will be formalized in Definitive Agreements on or around December 31, 2017.

	 EMPLOYMENT OF VYAPAY PERSONNEL
	 ***** will become CEO and a member of the Board of Directors of Spindle, Inc.
 ***** will become CTO
 In conjunction with the closing, Spindle will execute 2-year employment agreements with ***** and *****.
 Spindle will enter into key-man insurance for Mr. ***** and Mr. *****.

	 DEFINITIVE AGREEMENTS
	 1)  Asset Purchase Agreement
 2)  Employment Agreement with Mr. *****
 3)  Employment Agreement with Mr. *****
 4)  Debt Funding Agreement
 5)  Equity Funding Agreement

	 RELEASE OF INFORMATION
	 Within 4 business days of the execution of this Term Sheet, and with the consent of *****, not to be unreasonably withheld, Spindle, Inc. will issue a press release, and 8-K filing with the SEC.  The release and 8-K will not contain the names “*****” or “*****” in any form.
 Upon execution of a non-disclosure agreement (“NDA”), as approved by *****, Spindle may provide the names “*****” and “*****” for the purposes of raising debt and/or equity as part of the contemplated transaction.

	 COOPERATION FROM FUTURE CEO
	 ***** will be available, on a limited basis, as to not interfere with normal business operations, to speak with potential investors, debt or equity, as part of the contemplated transaction.

 

 

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 Private and Confidential
 

 

 
 

 	 	
	 CONDITIONS PRECEDENT
	 1)  Approval of Definitive Agreements by Spindle, Inc. Board of Directors
 2)  Spindle, Inc. ability to raise ***** debt capital by December 31, 2017 for processing reserves for  bank to be identified 
 3)  Spindle, Inc. ability to raise ***** equity capital by December 31, 2017 for 
 a.  Acquisition of ***** from *****.
 b.  Ongoing working capital for Spindle, Inc.

	 ESCROW
	 Spindle, Inc. will escrow a share certificate for 100,000 unregistered shares with Manhattan Transfer (“Transfer Agent”) in the name of *****.  In the event that the Definitive Agreements are not concluded by December 31, 2017 Transfer Agent will send shares to *****.

	 JURISDICTION
	 [TBD]

	 REPRESENTATIONS & WARRANTIES
	 Customary for transactions of this type, including, but not limited to, the following:  complete and unencumbered ownership of technology, corporate status and authority; valid, binding and enforceable agreements; not violating laws or existing agreements; no governmental, regulatory or other approvals required; good and defensible record title to all assets, payment of taxes; no material litigation; compliance with environmental, regulatory and other laws and regulations; and no existing defaults or non-permitted liens.

 

 

 

 

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 Private and Confidential
 

 

 
 

 	 	
	 COVENANTS
	 

 Customary for this type of transaction including, but not limited to, ***** agrees 
 1.  to provide access to all records, assets and facilities,
 2.  to operate business in the standard, normal course,
 3.  to not amend any corporate documents,
 4.  to comply with all laws and regulations
 5.  to maintain insurance,
 6.  to keep the agreement confidential,
 7.  to use all reasonable efforts to fulfill conditions for closing, including meetings with potential investors, as above
 Customary for this type of transaction including, but not limited to, Spindle agrees 
 1.  to remain current on all public, SEC filings,
 2.  to comply with all laws and regulations,
 3.  to maintain insurance, including D&O insurance, 
 4.  keep the agreement confidential,
 5.  to use all reasonable efforts to fulfill conditions for closing

	 NEGATIVE COVENANTS
	 

 ***** agrees not to board any merchants or engage in transactions that are excessively risky, that it would not normally engage in if not for the contemplated transaction with Spindle.

	 NO-SHOP/ CONFIDENTIALITY
	 ***** agrees to work in good faith expeditiously towards a closing.  ***** and ***** agree that they will not, for a period of 90 days from the date these terms are accepted, take any action to solicit, initiate, encourage or assist the submission of any proposal, negotiation or offer from any person or entity other than Spindle relating to the sale or issuance, of any of the capital stock or assets of ***** and shall notify the Spindle promptly of any inquiries by any third parties in regards to the foregoing.  

 

 

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 Private and Confidential
 

 

 
 

 	 	
	 SPINDLE, INC.
 

 

 

	 *****

	 By:  ________________________
	 By:  _________________________

	 Jack Scott, Interim Chief Executive Officer
	 *****, President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 5 of 5 
 Private and ConfidentialEX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

MULTI-COLOR ESCROW ISSUER, LLC, 

as Escrow Issuer, 
 the Guarantors
party hereto from time to time 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Trustee 
  

 
 INDENTURE 

Dated as of October 4, 2017 
  

 
 4.875% Senior
Notes due 2025 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	
	ARTICLE I	 
	
	DEFINITIONS AND INCORPORATION BY REFERENCE	 
			
	 SECTION 1.01
	  	Definitions	  	 	1	 
	 SECTION 1.02
	  	Other Definitions	  	 	37	 
	 SECTION 1.03
	  	Rules of Construction	  	 	38	 
	
	ARTICLE II	 
	
	THE NOTES	 
			
	 SECTION 2.01
	  	Amount of Notes	  	 	39	 
	 SECTION 2.02
	  	Form and Dating	  	 	40	 
	 SECTION 2.03
	  	Execution and Authentication	  	 	40	 
	 SECTION 2.04
	  	Registrar and Paying Agent	  	 	41	 
	 SECTION 2.05
	  	Paying Agent to Hold Money in Trust	  	 	41	 
	 SECTION 2.06
	  	Holder Lists	  	 	42	 
	 SECTION 2.07
	  	Transfer and Exchange	  	 	42	 
	 SECTION 2.08
	  	Replacement Notes	  	 	43	 
	 SECTION 2.09
	  	Outstanding Notes	  	 	43	 
	 SECTION 2.10
	  	Cancellation	  	 	43	 
	 SECTION 2.11
	  	Defaulted Interest	  	 	44	 
	 SECTION 2.12
	  	CUSIP Numbers, ISINs, Etc	  	 	44	 
	 SECTION 2.13
	  	Calculation of Principal Amount of Notes	  	 	44	 
	
	ARTICLE III	 
	
	REDEMPTION	 
			
	 SECTION 3.01
	  	Redemption	  	 	44	 
	 SECTION 3.02
	  	Applicability of Article	  	 	44	 
	 SECTION 3.03
	  	Notices to Trustee	  	 	44	 
	 SECTION 3.04
	  	Selection of Notes to Be Redeemed	  	 	45	 
	 SECTION 3.05
	  	Notice of Optional Redemption	  	 	45	 
	 SECTION 3.06
	  	Effect of Notice of Redemption	  	 	46	 
	 SECTION 3.07
	  	Deposit of Redemption Price	  	 	46	 
	 SECTION 3.08
	  	Notes Redeemed in Part	  	 	46	 
	 SECTION 3.09
	  	Special Mandatory Redemption	  	 	46	 
	
	ARTICLE IV	 
	
	COVENANTS	 
			
	 SECTION 4.01
	  	Payment of Notes	  	 	47	 
	 SECTION 4.02
	  	Reports and Other Information	  	 	47	 

  
 -i- 

							
	 	  	 	  	Page	 
			
	 SECTION 4.03
	  	Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock	  	 	48	 
	 SECTION 4.04
	  	Limitation on Restricted Payments	  	 	54	 
	 SECTION 4.05
	  	Dividend and Other Payment Restrictions Affecting Subsidiaries	  	 	60	 
	 SECTION 4.06
	  	Asset Sales	  	 	62	 
	 SECTION 4.07
	  	Transactions with Affiliates	  	 	64	 
	 SECTION 4.08
	  	Change of Control	  	 	67	 
	 SECTION 4.09
	  	Compliance Certificate	  	 	68	 
	 SECTION 4.10
	  	Further Instruments and Acts	  	 	69	 
	 SECTION 4.11
	  	Limitation on Guarantees	  	 	69	 
	 SECTION 4.12
	  	Liens	  	 	69	 
	 SECTION 4.13
	  	Maintenance of Office or Agency	  	 	70	 
	 SECTION 4.14
	  	Existence	  	 	70	 
	 SECTION 4.15
	  	Covenant Suspension	  	 	70	 
	 SECTION 4.16
	  	Escrow of Proceeds; Escrow Release	  	 	71	 
	 SECTION 4.17
	  	Activities Prior to the Escrow Release Date	  	 	72	 
	
	ARTICLE V	 
	
	SUCCESSOR COMPANY	 
			
	 SECTION 5.01
	  	When Company and Guarantors May Merge or Transfer Assets	  	 	72	 
	
	ARTICLE VI	 
	
	DEFAULTS AND REMEDIES	 
			
	 SECTION 6.01
	  	Events of Default	  	 	74	 
	 SECTION 6.02
	  	Acceleration	  	 	76	 
	 SECTION 6.03
	  	Other Remedies	  	 	76	 
	 SECTION 6.04
	  	Waiver of Past Defaults	  	 	77	 
	 SECTION 6.05
	  	Control by Majority	  	 	77	 
	 SECTION 6.06
	  	Limitation on Suits	  	 	77	 
	 SECTION 6.07
	  	Rights of the Holders to Receive Payment	  	 	77	 
	 SECTION 6.08
	  	Collection Suit by Trustee	  	 	78	 
	 SECTION 6.09
	  	Trustee May File Proofs of Claim	  	 	78	 
	 SECTION 6.10
	  	Priorities	  	 	78	 
	 SECTION 6.11
	  	Undertaking for Costs	  	 	78	 
	 SECTION 6.12
	  	Waiver of Stay or Extension Laws	  	 	79	 
	
	ARTICLE VII	 
	
	TRUSTEE	 
			
	 SECTION 7.01
	  	Duties of Trustee	  	 	79	 
	 SECTION 7.02
	  	Rights of Trustee	  	 	80	 
	 SECTION 7.03
	  	Individual Rights of Trustee	  	 	81	 
	 SECTION 7.04
	  	Trustee’s Disclaimer	  	 	81	 
	 SECTION 7.05
	  	Notice of Defaults	  	 	82	 
	 SECTION 7.06
	  	Reports by Trustee to the Holders	  	 	82	 
	 SECTION 7.07
	  	Compensation and Indemnity	  	 	82	 

  
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	 	  	 	  	Page	 
			
	 SECTION 7.08
	  	Replacement of Trustee	  	 	83	 
	 SECTION 7.09
	  	Successor Trustee by Merger	  	 	84	 
	 SECTION 7.10
	  	Eligibility; Disqualification	  	 	84	 
	 SECTION 7.11
	  	Preferential Collection of Claims Against the Company	  	 	84	 
	 SECTION 7.12
	  	Escrow Authorization	  	 	84	 
	
	ARTICLE VIII	 
	
	DISCHARGE OF INDENTURE; DEFEASANCE	 
			
	 SECTION 8.01
	  	Discharge of Liability on Notes; Defeasance	  	 	85	 
	 SECTION 8.02
	  	Conditions to Defeasance	  	 	86	 
	 SECTION 8.03
	  	Application of Trust Money	  	 	87	 
	 SECTION 8.04
	  	Repayment to Company	  	 	87	 
	 SECTION 8.05
	  	Indemnity for U.S. Government Obligations	  	 	87	 
	 SECTION 8.06
	  	Reinstatement	  	 	88	 
	
	ARTICLE IX	 
	
	AMENDMENTS AND WAIVERS	 
			
	 SECTION 9.01
	  	Without Consent of the Holders	  	 	88	 
	 SECTION 9.02
	  	With Consent of the Holders	  	 	89	 
	 SECTION 9.03
	  	Revocation and Effect of Consents and Waivers	  	 	90	 
	 SECTION 9.04
	  	Notation on or Exchange of Notes	  	 	90	 
	 SECTION 9.05
	  	Trustee to Sign Amendments	  	 	90	 
	 SECTION 9.06
	  	Additional Voting Terms; Calculation of Principal Amount	  	 	91	 
	 SECTION 9.07
	  	Compliance with the Trust Indenture Act	  	 	91	 
	
	ARTICLE X	 
	
	GUARANTEE	 
			
	 SECTION 10.01
	  	Guarantee	  	 	91	 
	 SECTION 10.02
	  	Limitation on Liability	  	 	93	 
	 SECTION 10.03
	  	Successors and Assigns	  	 	93	 
	 SECTION 10.04
	  	No Waiver	  	 	94	 
	 SECTION 10.05
	  	Modification	  	 	94	 
	 SECTION 10.06
	  	Execution of Supplemental Indenture for Future Guarantors	  	 	94	 
	 SECTION 10.07
	  	Non-Impairment	  	 	94	 
	
	ARTICLE XI	 
	
	MISCELLANEOUS	 
			
	 SECTION 11.01
	  	Trust Indenture Act Controls	  	 	94	 
	 SECTION 11.02
	  	Notices	  	 	95	 
	 SECTION 11.03
	  	Communication by the Holders with Other Holders	  	 	96	 
	 SECTION 11.04
	  	Certificate and Opinion as to Conditions Precedent	  	 	96	 
	 SECTION 11.05
	  	Statements Required in Certificate or Opinion	  	 	96	 
	 SECTION 11.06
	  	When Notes Disregarded	  	 	96	 

  
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	 	    	 	  	Page	 
			
	 SECTION 11.07
	    	Rules by Trustee, Paying Agent and Registrar	  	 	97	 
	 SECTION 11.08
	    	Legal Holidays	  	 	97	 
	 SECTION 11.09
	    	GOVERNING LAW	  	 	97	 
	 SECTION 11.10
	    	No Recourse Against Others	  	 	97	 
	 SECTION 11.11
	    	Successors	  	 	97	 
	 SECTION 11.12
	    	Multiple Originals	  	 	97	 
	 SECTION 11.13
	    	Table of Contents; Headings	  	 	97	 
	 SECTION 11.14
	    	Indenture Controls	  	 	97	 
	 SECTION 11.15
	    	Severability	  	 	97	 
	 SECTION 11.16
	    	Waiver of Jury Trial	  	 	97	 
	 SECTION 11.17
	    	U.S.A. Patriot Act	  	 	98	 

  

					
			
	Appendix A	  	–	  	Provisions Relating to Initial Notes and Additional Notes
	
	EXHIBIT INDEX
			
	Exhibit A	  	–	  	Form of Initial Note
	Exhibit B	  	–	  	Form of Transferee Letter of Representation
	Exhibit C	  	–	  	Form of Supplemental Indenture related to the Assumption
	Exhibit D	  	–	  	Form of Supplemental Indenture for Future Guarantors

  
 -iv- 

 CROSS-REFERENCE TABLE 
  

					
	 TIA
 Section

	  	 Indenture
 Section

	 310
	 	 (a)(1)
	  	7.10
		 	 (a)(2)
	  	7.10
		 	 (a)(3)
	  	7.10
		 	 (a)(4)
	  	7.10
		 	 (b)
	  	7.08; 7.10
		 	 (c)
	  	N.A.
	 311
	 	 (a)
	  	7.11
		 	 (b)
	  	7.11
	 312
	 	 (a)
	  	2.06
		 	 (b)
	  	11.03
		 	 (c)
	  	11.03
	 313
	 	 (a)
	  	7.06
		 	 (b)(1)
	  	7.06
		 	 (b)(2)
	  	7.06
		 	 (c)
	  	7.06
		 	 (d)
	  	7.06
	 314
	 	 (a)
	  	4.02; 4.09
		 	 (b)
	  	N.A.
		 	 (c)(1)
	  	11.04
		 	 (c)(2)
	  	11.04
		 	 (c)(3)
	  	N.A.
		 	 (d)
	  	N.A.
		 	 (e)
	  	11.05
		 	 (f)
	  	4.10
	 315
	 	 (a)
	  	7.01
		 	 (b)
	  	7.05
		 	 (c)
	  	7.01
		 	 (d)
	  	7.01
		 	 (e)
	  	6.11
	 316
	 	 (a) (last sentence)
	  	11.06
		 	 (a)(1)(A)
	  	6.05
		 	 (a)(1)(B)
	  	6.04
		 	 (a)(2)
	  	N.A.
		 	 (b)
	  	6.07
	 317
	 	 (a)(1)
	  	6.08
		 	 (a)(2)
	  	6.09
		 	 (b)
	  	2.05
	 318
	 	 (a)
	  	11.01

 N.A. means Not Applicable. 

Note: This Cross-Reference Table shall not, for any purposes, be deemed to be part of this Indenture. 

 INDENTURE, dated as of October 4, 2017, among Multi-Color Escrow Issuer, LLC, a Delaware
limited liability company (together with its successors and assigns, the “Escrow Issuer”), the Guarantors (as defined below) party hereto from time to time and U.S. Bank National Association, a national banking association, as
Trustee (as defined below). 
 Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of
the holders of (i) $600,000,000 aggregate principal amount of the Escrow Issuer’s 4.875% Senior Notes due 2025 issued on the date hereof (the “Initial Notes”) and (ii) Additional Notes issued from time to time (together
with the Initial Notes, the “Notes”): 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

SECTION 1.01    Definitions. 

“2022 Notes” means MCC’s 6.125% Senior Notes due 2022 outstanding on the Issue Date that were issued pursuant to the 2022
Notes Indenture. 
 “2022 Notes Indenture” means that certain Indenture, dated as of the 2022 Notes Issue Date, by and
among MCC, the guarantors party thereto from time to time and U.S. Bank National Association, as trustee, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof. 

“2022 Notes Issue Date” means November 21, 2014, the date of original issuance of the 2022 Notes. 

“Acquired Indebtedness” means, with respect to any specified Person: 

(1)    Indebtedness of any other Person existing at the time such other Person is merged, consolidated or
amalgamated with or into or became a Restricted Subsidiary of such specified Person, and 

(2)    Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

Acquired Indebtedness will be deemed to have been Incurred, with respect to clause (1) of the preceding sentence, on the date such Person
becomes a Restricted Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such acquisition of such assets. 

“Acquisition Agreement” means that certain Sale and Purchase Agreement, dated as of July 16, 2017, among MCC and the
Sellers, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof or in a manner not materially adverse to the holders of the Notes (as determined in good faith by the Company). 

“Additional Notes” means the Notes issued under the terms of this Indenture subsequent to the Issue Date. 

“Additional Refinancing Amount” means, in connection with the Incurrence of any Refinancing Indebtedness, the aggregate
principal amount of additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay accrued and unpaid interest, premiums (including tender premiums), expenses, defeasance costs and fees in respect thereof. 

 “Affiliate” of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms
“controlling,” “controlled by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. 

“Applicable Premium” means, with respect to any Note on any applicable redemption date, as determined by the Company, the
greater of: 
 (1)    1% of the then outstanding principal amount of the Note; and 

(2)    the excess of: 

(a)    the present value at such redemption date of (i) the redemption price of the Note, at
November 1, 2020 (such redemption price being set forth in Paragraph 5 of the Note) plus (ii) all required interest payments due on the Note through November 1, 2020 (excluding accrued but unpaid interest), computed using a
discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over 

(b)    the then outstanding principal amount of the Note. 

“Asset Sale” means: 

(1)    the sale, conveyance, transfer or other disposition (whether in a single transaction or a series of
related transactions) of property or assets (including by way of Sale/Leaseback Transactions) outside the ordinary course of business of the Company or any Restricted Subsidiary (each referred to in this definition as a
“disposition”); or 
 (2)    the issuance or sale of Equity Interests (other than
directors’ qualifying shares and shares issued to foreign nationals or other third parties to the extent required by applicable law) of any Restricted Subsidiary (other than to the Company or another Restricted Subsidiary) (whether in a single
transaction or a series of related transactions), 
 in each case other than: 

(a)    a disposition of Cash Equivalents or Investment Grade Securities or surplus, obsolete, damaged or
worn out property or equipment; 
 (b)    the disposition of all or substantially all of the assets of
the Company or any Guarantor in a manner permitted pursuant to Section 5.01 or any disposition that constitutes a Change of Control; 

(c)    any Restricted Payment or Permitted Investment that is permitted to be made, and is made, under
Section 4.04; 
 (d)    any disposition of assets of the Company or any Restricted Subsidiary or
issuance or sale of Equity Interests of any Restricted Subsidiary, which assets or Equity Interests so disposed or issued in any single transaction or series of related transactions have an aggregate Fair Market Value (as determined in good faith by
the Company) of less than $10.0 million; 

  
 -2- 

 (e)    any disposition of property or assets, or the issuance
of securities, by the Company or a Restricted Subsidiary to the Company or a Restricted Subsidiary; 

(f)    any exchange of assets (including a combination of assets and Cash Equivalents) for assets related
to a Similar Business of comparable or greater market value or usefulness to the business of the Company and the Restricted Subsidiaries as a whole, as determined in good faith by the Company; 

(g)    foreclosure, condemnation, taking by eminent domain or any similar action with respect to any
property or other asset of the Company or any of the Restricted Subsidiaries; 
 (h)    any disposition
of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary; 
 (i)    the
lease, assignment or sublease of any real or personal property in the ordinary course of business; 

(j)    any sale of inventory or other assets in the ordinary course of business; 

(k)    any grant in the ordinary course of business of any license of patents, trademarks, know-how or any other intellectual property; 
 (l)    any swap of
assets, or lease, assignment or sublease of any real or personal property, in exchange for services (including in connection with any outsourcing arrangements) of comparable or greater value or usefulness to the business of the Company and the
Restricted Subsidiaries as a whole, as determined in good faith by the Company; 
 (m)    a sale of
Securitization Assets and related assets of the type specified in the definition of “Securitization Financing” to a Securitization Subsidiary in a Qualified Securitization Financing or in factoring or similar transactions; 

(n)    a transfer of assets of the type specified in the definition of “Securitization Financing”
(or a fractional undivided interest therein), including by a Securitization Subsidiary in a Qualified Securitization Financing; 

(o)    any financing transaction with respect to property built or acquired by the Company or any
Restricted Subsidiary after the Issue Date, including any Sale/Leaseback Transaction or asset securitization permitted by this Indenture; 

(p)    dispositions constituting Permitted Liens; 

(q)    any disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other
obligation with or to a Person (other than the Company or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired or from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection
with such acquisition), made as part of such acquisition and in each case comprising all or a portion of the consideration in respect of such sale or acquisition; 

  
 -3- 

 (r)    dispositions of receivables in connection with the
compromise, settlement or collection thereof in the ordinary course of business or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements and dispositions by the Company and/or any Restricted Subsidiary of Subject
Receivables prior to their stated due dates in connection with supply chain financing or other similar arrangements; 

(s)    any surrender, expiration or waiver of contract rights or the settlement, release, recovery on or
surrender of contract, tort or other claims of any kind; 
 (t)    the termination of a lease of real or
personal property that is not necessary to the conduct of the business of the Company and the Restricted Subsidiaries as a whole; and 

(u)    the unwinding of any Swap Contract permitted under this Indenture pursuant to the terms hereof. 

“Assumption” means the consummation of the transactions whereby MCC will assume all of the obligations of the Escrow Issuer
under the Notes and this Indenture pursuant to a supplemental indenture substantially in the form of Exhibit C prior to or substantially concurrently with the Escrow Release. 

“Attributable Debt” means, as of any date of determination, as to Sale/Leaseback Transactions, the total obligation
(discounted to present value at the rate of interest implicit in the lease included in such transaction) of the lessee for rental payments (other than amounts required to be paid on account of property taxes, maintenance, repairs, insurance,
assessments, utilities, operating and labor costs and other items which do not constitute payments for property rights) during the remaining portion of the term (including extensions which are at the sole option of the lessor) of the lease included
in such transaction. 
 “Board of Directors” means, as to any Person, the board of directors or managers, as applicable, of
such Person or any direct or indirect parent of such Person (or, if such Person is a partnership, the board of directors or other governing body of the general partner of such Person) or any duly authorized committee thereof. 

“Business Day” means a day other than a Saturday, Sunday or other day on which banking institutions are authorized or
required by law to close in New York, New York or the place of payment. 
 “Capital Markets Indebtedness” means any
Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (a) a public offering registered under the Securities Act or (b) a private placement to institutional investors that is resold in accordance
with Rule 144A or Regulation S of the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC. The term “Capital Markets Indebtedness” (i) shall not
include the Notes (including, for the avoidance of doubt, any Additional Notes) and (ii) for the avoidance of doubt, shall not be construed to include any Indebtedness issued to institutional investors in a direct placement of such Indebtedness
that is not resold by an intermediary (it being understood that, without limiting the foregoing, a financing that is distributed to not more than ten Persons (provided that multiple managed accounts and affiliates of any such Persons shall be
treated as one Person for the purposes of this definition) shall be deemed not to be underwritten), or any Indebtedness under the Credit Agreement, commercial bank or similar Indebtedness, Capitalized Lease Obligation or recourse transfer of any
financial asset or any other type of Indebtedness incurred in a manner not customarily viewed as a “securities offering.” For the avoidance of doubt, the 2022 Notes shall be deemed to constitute Capital Markets Indebtedness. 

  
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 “Capital Stock” means: 

(1)    in the case of a corporation, corporate stock or shares; 

(2)    in the case of an association or business entity, any and all shares, interests, participations,
rights or other equivalents (however designated) of corporate stock; 
 (3)    in the case of a
partnership or limited liability company, partnership or membership interests (whether general or limited); and 

(4)    any other interest or participation that confers on a Person the right to receive a share of the
profits and losses of, or distributions of assets of, the issuing Person. 
 “Capitalized Lease Obligation” means, at the
time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in
accordance with GAAP; provided that obligations of the Company or the Restricted Subsidiaries, or of a special purpose or other entity not consolidated with the Company and the Restricted Subsidiaries, either existing on the Issue Date or
created thereafter that (a) initially were not included on the consolidated balance sheet of the Company as capital lease obligations and were subsequently recharacterized as capital lease obligations or, in the case of such a special purpose
or other entity becoming consolidated with the Company and the Restricted Subsidiaries were required to be characterized as capital lease obligations upon such consideration, in either case, due to a change in accounting treatment or otherwise, or
(b) did not exist on the Issue Date and were required to be characterized as capital lease obligations but would not have been required to be treated as capital lease obligations on the Issue Date had they existed at that time, shall for all
purposes not be treated as Capitalized Lease Obligations or Indebtedness. 
 “Cash Equivalents” means: 

(1)    Dollars, pounds sterling, euros, the national currency of any member state in the European Union or
such local currencies held by the Company or a Restricted Subsidiary from time to time in the ordinary course of business; 

(2)    securities issued or directly and fully guaranteed or insured by the U.S. government or any country
that is a member of the European Union or any agency or instrumentality thereof, in each case maturing not more than two years from the date of acquisition; 

(3)    certificates of deposit, time deposits and eurodollar time deposits with maturities of one year or
less from the date of acquisition, bankers’ acceptances, in each case with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus in excess of $250.0 million
(or the equivalent in local currency) and whose long-term debt is rated “A” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency); 

(4)    repurchase obligations for underlying securities of the types described in clauses (2) and (3)
above entered into with any financial institution meeting the qualifications specified in clause (3) above; 

(5)    commercial paper issued by a corporation (other than an Affiliate of the Company) rated at least “A-1” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency) and in each case maturing within one year after the date
of acquisition; 

  
 -5- 

 (6)    readily marketable direct obligations issued by any
state of the United States of America or any political subdivision thereof having at least a rating of Aa3 from Moody’s or a rating of AA- from S&P (or reasonably equivalent ratings of another
internationally recognized ratings agency) in each case with maturities not exceeding two years from the date of acquisition; 

(7)    Indebtedness issued by Persons with a rating of “A” or higher from S&P or “A-2” or higher from Moody’s (or reasonably equivalent ratings of another internationally recognized ratings agency) in each case with maturities not exceeding two years from the date of acquisition;

 (8)    investment funds investing at least 95% of their assets in securities of the types described in
clauses (1) through (7) above; and 
 (9)    instruments equivalent to those referred to in clauses
(1) through (8) above denominated in any foreign currency comparable in credit quality and tenor to those referred to above and commonly used by corporations for cash management purposes in any jurisdiction outside the United States of America
to the extent reasonably required in connection with any business conducted by any Subsidiary organized in such jurisdiction. 

“cash management/other facility services” means cash management services for collections, treasury management services
(including controlled disbursement, overdraft, automated clearing house fund transfer services, return items, account reconciliation and reporting and interstate depository network services), any demand deposit, payroll, trust or operating account
relationships, commercial credit cards, merchant card, purchase or debit cards, non-card e-payables services, and other cash management services, including electronic
funds transfer services, lockbox services, stop payment services, wire transfer services and trade finance services, and other facility services, including bank guarantees, trade letters of credit, working capital facilities and other similar
committed banking arrangements. 
 “Change of Control” means the occurrence of either of the following: 

(1)    the sale, lease or transfer (other than by way of merger or consolidation), in one or a series of
related transactions, of all or substantially all the assets of the Company and its Subsidiaries, taken as a whole, to any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor
provision) other than to the Company or any of its Subsidiaries; 
 (2)    the Company becomes aware (by
way of a report or any other filing pursuant to Section 13(d) of the Exchange Act) of the acquisition by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision),
including any group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), in a single transaction or in a related series of
transactions, by way of merger, consolidation, amalgamation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor
provision), of more than 50% of the total voting power of the Voting Stock of the Company, in each case, other than an acquisition where the holders of the Voting Stock of the Company as of immediately prior to such acquisition hold 50% or more of
the Voting Stock of the ultimate parent of the Company or successor thereto immediately after such acquisition (provided no holder of the Voting Stock of the Company as of immediately prior to such acquisition owns, directly or indirectly,
more than 50% of the voting power of the Voting Stock of the Company immediately after such acquisition); or 

  
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 (3)    a “Change of Control” under (and as defined
in) the 2022 Notes Indenture. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Company” means (i) prior to the Assumption, the Escrow Issuer and (ii) on and following the Assumption, MCC. 

“Consolidated Depreciation and Amortization Expense” means, with respect to any Person for any period, the total amount of
depreciation and amortization expense, including the amortization of intangible assets and deferred financing fees and amortization of unrecognized prior service costs and actuarial gains and losses related to pensions and other post-employment
benefits, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 

“Consolidated Interest Expense” means, with respect to any Person for any period, the sum, without duplication, of: 

(1)    consolidated interest expense of such Person and its Restricted Subsidiaries for such period, to the
extent such expense was deducted in computing Consolidated Net Income (including the interest component of Capitalized Lease Obligations and net payments and receipts (if any) pursuant to interest rate Hedging Obligations and non-cash interest expense attributable to movement in mark-to-market valuation of Hedging Obligations or other derivatives (in each
case permitted hereunder) under GAAP) and excluding (i) penalties and interest relating to taxes, (ii) any additional cash interest owing pursuant to any registration rights agreement, (iii) accretion or accrual of discounted
liabilities other than Indebtedness, (iv) any expense resulting from the discounting of any Indebtedness in connection with the application of purchase accounting in connection with any acquisition, (v) amortization or write-off of deferred financing fees, debt issuance costs, debt discount or premium, terminated hedging obligations and other commissions, financing fees and expenses and adjusted, to the extent included to exclude
any refunds or similar credits received in connection with the purchasing or procurement of goods or services under any purchasing card or similar program and (vi) any expensing of bridge, commitment and other financing fees; plus 

(2)    consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period,
whether paid or accrued; plus 
 (3)    commissions, discounts, yield and other fees and charges
Incurred in connection with any Securitization Financing which are payable to Persons other than the Company and the Restricted Subsidiaries; minus 

(4)    interest income for such period. 

For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably
determined by the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 

  
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 “Consolidated Net Income” means, with respect to any Person for any period, the
aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis; provided, however, that: 

(1)    any net after-tax extraordinary, nonrecurring or unusual
gains or losses (less all fees and expenses relating thereto) or expenses or charges, any severance expenses, relocation expenses, restructuring expenses, curtailments or modifications to pension and post-retirement employee benefit plans, excess
pension charges, any expenses related to any reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for alternate uses and fees, expenses or charges relating to facilities closing costs, acquisition integration costs,
facilities opening costs, project start-up costs, business optimization costs, signing, retention or completion bonuses, expenses or charges related to any issuance of Equity Interests, Investment,
acquisition, disposition, recapitalization or issuance, repayment, refinancing, amendment or modification of Indebtedness (in each case, whether or not successful), and any fees, expenses, charges or change in control payments related to the
Transactions (including any costs relating to auditing prior periods, any transition-related expenses, and transaction expenses incurred before, on or after the Issue Date), in each case, shall be excluded; 

(2)    effects of purchase accounting adjustments (including the effects of such adjustments pushed down to
such Person and such Subsidiaries and including, without limitation, the effects of adjustments to (A) Capitalized Lease Obligations or (B) any other deferrals of income) in amounts required or permitted by GAAP, resulting from the
application of purchase accounting or the amortization or write-off of any amounts thereof, net of taxes, shall be excluded; 

(3)    the Net Income for such period shall not include the cumulative effect of a change in accounting
principles during such period; 
 (4)    any net after-tax income
or loss from disposed, abandoned, transferred, closed or discontinued operations or fixed assets and any net after-tax gains or losses on disposal of disposed, abandoned, transferred, closed or discontinued
operations or fixed assets shall be excluded; 
 (5)    any net
after-tax gains or losses (less all fees and expenses or charges relating thereto) attributable to business dispositions or asset dispositions other than in the ordinary course of business (as determined in
good faith by management of the Company) shall be excluded; 
 (6)    any net after-tax gains or losses (less all fees and expenses or charges relating thereto) attributable to the early extinguishment of indebtedness, Hedging Obligations or other derivative instruments shall be excluded;

 (7)    (a) the Net Income for such period of any Person that is not a Subsidiary of such Person, or is
an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into cash) to the
referent Person or a Restricted Subsidiary thereof in respect of such period and (b) the Net Income for such Period shall include any dividend, distribution or other payment in cash (or to the extent converted into cash) received by the
referent Person or a Subsidiary thereof (other than an Unrestricted Subsidiary of such referent Person) from any Person in excess of, but without duplication of, the amounts included in subclause (a); 

(8)    solely for the purpose of determining the amount available for Restricted Payments under clause
(1) of the definition of “Cumulative Credit,” the Net Income for such period of any Restricted Subsidiary (other than any Guarantor) shall be excluded to the extent that the declaration or payment of dividends or similar distributions
by such Restricted Subsidiary of its Net Income is not at the date of determination permitted without any prior governmental approval 

  
 -8- 

 
(which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental
regulation applicable to that Restricted Subsidiary or its stockholders, unless such restrictions with respect to the payment of dividends or similar distributions have been legally waived; provided that the Consolidated Net Income of such
Person shall be increased by the amount of dividends or other distributions or other payments actually paid in cash (or converted into cash) by any such Restricted Subsidiary to such Person, to the extent not already included therein; 

(9)    any impairment charges or asset write-offs, in each case pursuant to GAAP, and the amortization of
intangibles and other fair value adjustments arising pursuant to GAAP shall be excluded; 
 (10)    any non-cash expense realized or resulting from stock option plans, employee benefit plans or post-employment benefit plans, or grants or sales of stock, stock appreciation or similar rights, stock options, restricted
stock, preferred stock or other rights shall be excluded; 
 (11)    any
(a) non-cash compensation charges, (b) costs and expenses after the Issue Date related to employment of terminated employees, or (c) costs or expenses realized in connection with or resulting
from stock appreciation or similar rights, stock options or other rights existing on the Issue Date of officers, directors and employees, in each case of such Person or any Restricted Subsidiary, shall be excluded; 

(12)    accruals and reserves that are established or adjusted within 12 months after the Issue Date and
that are so required to be established or adjusted in accordance with GAAP or as a result of adoption or modification of accounting policies shall be excluded; 

(13)    non-cash gains, losses, income and expenses resulting from
fair value accounting required by the applicable standard under GAAP and related interpretations shall be excluded; 

(14)    any currency translation gains and losses related to currency remeasurements of Indebtedness, and
any net loss or gain resulting from hedging transactions for currency exchange risk, shall be excluded; 

(15)    (a) to the extent covered by insurance and actually reimbursed, or, so long as such Person has made
a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is (i) not denied by the applicable carrier in writing within 180 days and (ii) in
fact reimbursed within 365 days of the date of such evidence (with a deduction for any amount so added back to the extent not so reimbursed within 365 days), expenses with respect to liability or casualty events or business interruption shall be
excluded and (b) amounts actually received from insurance in respect of lost revenues or earnings in respect of liability or casualty events or business interruption, and reimbursements of any expenses and charges pursuant to indemnification or
other reimbursement provisions in connection with any Permitted Investment or any sale, conveyance, transfer or other disposition of assets permitted under this Indenture, shall be included; and 

(16)    non-cash charges for deferred tax asset valuation
allowances shall be excluded. 
 Notwithstanding the foregoing, for the purpose of Section 4.04 only, there shall be excluded from
Consolidated Net Income any dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries or Restricted Subsidiaries to the extent such dividends, repayments or transfers increase the amount of Restricted
Payments permitted under Section 4.04 pursuant to clauses (4) and (5) of the definition of “Cumulative Credit.” 

  
 -9- 

 “Consolidated Non-Cash Charges” means,
with respect to any Person for any period, the non-cash expenses (other than Consolidated Depreciation and Amortization Expense) of such Person and its Restricted Subsidiaries reducing Consolidated Net Income
of such Person for such period on a consolidated basis and otherwise determined in accordance with GAAP; provided that if any such non-cash expenses represent an accrual or reserve for potential cash
items in any future period, the cash payment in respect thereof in such future period shall be subtracted from EBITDA in such future period to the extent paid, but excluding from this proviso, for the avoidance of doubt, amortization of a prepaid
cash item that was paid in a prior period. 
 “Consolidated Secured Leverage Ratio” means, with respect to any Person, at
any date, the ratio of (i) Secured Indebtedness of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with GAAP) less unrestricted cash and Cash Equivalents of
such Person and its Restricted Subsidiaries at such date to (ii) EBITDA of such Person for the four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness
is Incurred. 
 In the event that the Company or any of the Restricted Subsidiaries Incurs, repays, repurchases or redeems any Indebtedness
(other than in the case of revolving credit borrowings for working capital purposes or any Qualified Securitization Financing, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during the
applicable period) or issues, repurchases or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Consolidated Secured Leverage Ratio is being calculated but prior to the event for which the
calculation of the Consolidated Secured Leverage Ratio is made (the “Consolidated Secured Leverage Calculation Date”), then the Consolidated Secured Leverage Ratio shall be calculated giving pro forma effect to such
Incurrence, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of Disqualified Stock or Preferred Stock as if the same had occurred at the beginning of the applicable four-quarter period. For purposes of
this Indenture, the proceeds of any Indebtedness being incurred that gives rise to the need to calculate the Consolidated Secured Leverage Ratio (and the proceeds of any Indebtedness being incurred in any related transaction) shall not be netted
against Secured Indebtedness in calculating the Consolidated Secured Leverage Ratio. 
 For purposes of making the computation referred to
above, Investments, acquisitions, dispositions, mergers, amalgamations, consolidations and discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes,
business realignment projects or initiatives, restructurings or reorganizations that the Company or any Restricted Subsidiary has determined to make and/or made during the four-quarter reference period or subsequent to such reference period and on
or prior to or simultaneously with the Consolidated Secured Leverage Calculation Date (each, for purposes of this definition, a “pro forma event”) shall be calculated on a pro forma basis assuming that all such Investments,
acquisitions, dispositions, mergers, amalgamations, consolidations, discontinued operations and other operational changes, business realignment projects or initiatives, restructurings or reorganizations (and the change of any associated fixed charge
obligations and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or
into the Company or any Restricted Subsidiary since the beginning of such period shall have made any Investment, acquisition, disposition, merger, consolidation, amalgamation, discontinued operation, operational change, business realignment project
or initiative, restructuring or reorganization, in each case with respect to an operating unit of a business, that would have required adjustment pursuant to this definition, then the Consolidated Secured Leverage Ratio shall be calculated

  
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giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, discontinued operation, merger, amalgamation, consolidation, operational change, business
realignment project or initiative, restructuring or reorganization had occurred at the beginning of the applicable four-quarter period. If since the beginning of such period any Restricted Subsidiary is designated as an Unrestricted Subsidiary or
any Unrestricted Subsidiary is designated as a Restricted Subsidiary, then the Consolidated Secured Leverage Ratio shall be calculated giving pro forma effect thereto for such period as if such designation had occurred at the beginning of the
applicable four-quarter period. 
 For purposes of this definition, whenever pro forma effect is to be given to any pro forma
event, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith
determination of the Company as set forth in an Officers’ Certificate, to reflect operating expense reductions and other operating improvements or synergies reasonably identifiable and factually supportable and projected by the Company in good
faith to result from actions that have been taken or with respect to which substantial steps have been taken or are expected to be taken (in the good faith determination of the Company) within 18 months of the date the applicable event is
consummated; provided that the aggregate amount of operating expense reductions and other operating improvements or synergies for the period for which the Consolidated Secured Leverage Ratio is being calculated shall not exceed 20% of EBITDA
for such period (determined prior to giving effect to any such adjustments). 
 If any Indebtedness bears a floating rate of interest and is
being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Consolidated Secured Leverage Calculation Date had been the applicable rate for the entire period (taking into account any
Hedging Obligations applicable to such Indebtedness if such Hedging Obligation has a remaining term in excess of 12 months). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a
responsible financial or accounting officer of the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under
a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may optionally be determined at an interest rate
based upon a factor of a prime or similar rate, a Eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen or, if none, then based upon such optional rate chosen as the Company may
designate. 
 For purposes of this definition, any amount in a currency other than Dollars will be converted to Dollars based on the average
exchange rate for such currency for the most recent twelve-month period immediately prior to the date of determination in a manner consistent with that used in calculating EBITDA for the applicable period. 

“Consolidated Taxes” means, with respect to any Person for any period, the provision for taxes based on income, profits or
capital, including, without limitation, state, franchise, property and similar taxes, foreign withholding taxes (including penalties and interest related to such taxes or arising from tax examinations) taken into account in calculating Consolidated
Net Income. 
 “Consolidated Total Indebtedness” means, as of any date of determination, an amount equal to the sum
(without duplication) of (1) the aggregate principal amount of all outstanding Indebtedness of the Company and the Restricted Subsidiaries (excluding any undrawn letters of credit) consisting of bankers’ acceptances and Indebtedness for
borrowed money, plus (2) the aggregate amount of all outstanding Disqualified Stock of the Company and the Restricted Subsidiaries and all Preferred Stock of Restricted Subsidiaries, with the amount of such Disqualified Stock and
Preferred Stock equal to the greater of their respective voluntary or involuntary liquidation preferences, in each case determined on a consolidated basis in accordance with GAAP. 

  
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 “Consolidated Total Leverage Ratio” means, with respect to any Person, at any
date, the ratio of (i) Consolidated Total Indebtedness of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with GAAP) less unrestricted cash and Cash Equivalents
of such Person and its Restricted Subsidiaries at such date to (ii) EBITDA of such Person for the four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional
Indebtedness is Incurred. 
 “Constantia” means Constantia Flexibles Group GmbH and its direct and indirect Subsidiaries.

 “Constantia Companies” means Constantia Labels GmbH, Haendler & Natermann GmbH, SGH (No. 2) Ltd., H&N
(Suzhou) Packaging Materials Co., Ltd., SGH (No. 2) Ltd., Constantia Flexibles Australia Holding Pty Ltd., Constantia CM Label Sdn Bhd, GPC III BV, GPC III Packaging Holdings Mexico S. de R.L. de C.V., Grafo Regia, S. de R.L. de C.V. and each of
their direct and indirect Subsidiaries. 
 “Constantia Labels” means the Labels Division of Constantia. 

“Constantia Labels Acquisition” means the pending acquisition of Constantia Labels by the Company pursuant to the Acquisition
Agreement. 
 “Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing any
leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without
limitation, any obligation of such Person, whether or not contingent: 
 (1)    to purchase any such
primary obligation or any property constituting direct or indirect security therefor; 
 (2)    to
advance or supply funds: 
 (a)    for the purchase or payment of any such primary obligation; or 

(b)    to maintain working capital or equity capital of the primary obligor or otherwise to maintain the
net worth or solvency of the primary obligor; or 
 (3)    to purchase property, securities or services
primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Corporate Trust Office” means the designated office of the Trustee in the United States of America at which at any time its
corporate trust business shall be administered, or such other address as the Trustee may designate from time to time by notice to the holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as
such successor Trustee may designate from time to time by notice to the holders and the Company). 
 “Credit Agreement”
means (i) the Credit Agreement, to be dated on or around the date of the consummation of the Constantia Labels Acquisition, among MCC, as borrower, Collotype International Holdings Pty Limited, as Australian borrower, the guarantors named
therein, the financial institutions named therein, Bank of America, N.A., as administrative agent, swing line lender and U.S. L/C issuer, 

  
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Citisecurities Limited, as Australian administrative agent, Citicorp International Limited, as Australian Collateral Agent, and Citibank, N.A., Sydney Branch, as Australian L/C issuer, as
amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time, including any agreement or
indenture extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements
or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof (except to the extent any such refinancing, replacement or restructuring is designated by the Company to not be included in the
definition of “Credit Agreement”) and (ii) whether or not the credit agreement referred to in clause (i) remains outstanding, if designated by the Company to be included in the definition of “Credit Agreement,” one or
more (A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, securitization or receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to
borrow from lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or
(C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, waived, extended, restructured, repaid, renewed, refinanced,
restated, replaced (whether or not upon termination, and whether with the original lenders or otherwise) or refunded in whole or in part from time to time. 

“Credit Agreement Documents” means the collective reference to any Credit Agreement, any notes issued pursuant thereto and
the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid,
refinanced or otherwise modified, in whole or in part, from time to time. 
 “Credit Facility Indebtedness” means any and
all amounts payable under or in respect of (a) the Credit Agreement and the other Credit Agreement Documents, as amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or
otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the Credit Agreement), including any agreement or indenture extending the maturity thereof, refinancing, replacing or
otherwise restructuring all or any portion of the Indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued
thereunder or altering the maturity thereof, including principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company whether or not a claim for
post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof and (b) whether or not the Indebtedness referred to in clause
(a) remains outstanding, if designated by the Company to be included in this definition, one or more (A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, reserve-based loans, securitization
or receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt
financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or (C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or
issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated, replaced or refunded in whole or in part from time to time. 

  
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 “Cumulative Credit” means the sum of (without duplication): 

(1)    50% of the Consolidated Net Income of the Company for the period (taken as one accounting period)
from October 1, 2014 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment (or, in the case such Consolidated Net Income for such period
is a deficit, minus 100% of such deficit), plus 
 (2)    100% of the aggregate net proceeds,
including cash and the Fair Market Value (as determined in good faith by the Company) of property other than cash, received by the Company after the 2022 Notes Issue Date (other than net proceeds to the extent such net proceeds have been used to
increase the available amount of Indebtedness, Disqualified Stock, or Preferred Stock pursuant to Section 4.03(b)(xiii)) from the issue or sale of Equity Interests of the Company or any direct or indirect parent entity of the Company (excluding
Refunding Capital Stock, Designated Preferred Stock, Excluded Contributions, and Disqualified Stock), including Equity Interests issued upon exercise of warrants or options (other than an issuance or sale to the Company or a Restricted Subsidiary),
plus 
 (3)    100% of the aggregate amount of contributions to the capital of the Company
received in cash and the Fair Market Value (as determined in good faith by the Company) of property other than cash received by the Company after the 2022 Notes Issue Date (other than Excluded Contributions, Refunding Capital Stock, Designated
Preferred Stock, and Disqualified Stock and other than contributions to the extent such contributions have been used to Incur Indebtedness or issue Disqualified Stock or Preferred Stock pursuant to Section 4.03(b)(xiii)), plus 

(4)    100% of the principal amount of any Indebtedness, or the liquidation preference or maximum fixed
repurchase price, as the case may be, of any Disqualified Stock of the Company or any Restricted Subsidiary issued after the 2022 Notes Issue Date (other than Indebtedness or Disqualified Stock issued to a Restricted Subsidiary) which has been
converted into or exchanged for Equity Interests in the Company (other than Disqualified Stock) or any direct or indirect parent of the Company (provided, in the case of any such parent, such Indebtedness or Disqualified Stock is retired or
extinguished), plus 
 (5)    100% of the aggregate amount received by the Company or any
Restricted Subsidiary in cash and the Fair Market Value (as determined in good faith by the Company) of property other than cash received by the Company or any Restricted Subsidiary after the 2022 Notes Issue Date from: 

(A)    the sale or other disposition (other than to the Company or a Restricted Subsidiary) of Restricted
Investments made by the Company and the Restricted Subsidiaries and from repurchases and redemptions of such Restricted Investments from the Company and the Restricted Subsidiaries by any Person (other than the Company or any Restricted Subsidiary)
and from repayments of loans or advances, and releases of guarantees, which constituted Restricted Investments (other than in each case to the extent that the Restricted Investment was made pursuant to Section 4.04(b)(vii) (or by the equivalent
provisions of the 2022 Notes Indenture)), 
 (B)    the sale (other than to the Company or a Restricted
Subsidiary) of the Capital Stock of an Unrestricted Subsidiary, or 
 (C)    a distribution or dividend
from an Unrestricted Subsidiary, plus 

  
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 (6)    in the event any Unrestricted Subsidiary has been
redesignated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or transfers or conveys its assets to, or is liquidated into the Company or a Restricted Subsidiary, the Fair Market Value (as determined in good
faith by the Board of Directors of the Company) of such Unrestricted Subsidiary and any other Investment of the Company or the Restricted Subsidiaries in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of
the assets transferred or conveyed, as applicable) (other than in each case to the extent that the designation of such Subsidiary as an Unrestricted Subsidiary was made pursuant to Section 4.04(b)(vii) (or by the equivalent provision of the
2022 Notes Indenture) or constituted a Permitted Investment (or a “Permitted Investment” under (and as defined in) the 2022 Notes Indenture)), in each case, to the extent such designation and/or Investment was made after the 2022 Notes
Issue Date. 
 “Default” means any event which is, or after notice or passage of time or both would be, an Event of
Default. 
 “Designated Non-cash Consideration” means the Fair Market Value (as
determined in good faith by the Company) of non-cash consideration received by the Company or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting forth such valuation, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of such Designated Non-cash Consideration. 
 “Designated Preferred Stock” means Preferred Stock of the
Company or any direct or indirect parent of the Company (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the Company or any of
its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms (or by the terms
of any security into which it is convertible or for which it is redeemable or exchangeable), or upon the happening of any event: 

(1)    matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than
as a result of a change of control or asset sale), 
 (2)    is convertible or exchangeable for
Indebtedness or Disqualified Stock of such Person or any of its Restricted Subsidiaries, or 
 (3)    is
redeemable at the option of the holder thereof, in whole or in part (other than solely as a result of a change of control or asset sale), 
 in each case
prior to 91 days after the earlier of the maturity date of the Notes or the date the Notes are no longer outstanding; provided, however, that only the portion of Capital Stock which so matures or is mandatorily redeemable, is so
convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock; provided, further, however, that if such Capital Stock is issued to any employee or
to any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by such Person in order
to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability; provided, further, that any class of Capital Stock of such Person that by its terms authorizes such
Person to satisfy its obligations thereunder by delivery of Capital Stock that is not Disqualified Stock shall not be deemed to be Disqualified Stock. 

  
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 “Dollar” or “$” means the lawful money of the United States of
America. 
 “Domestic Subsidiary” means a Restricted Subsidiary that is not a Foreign Subsidiary. 

“DTC” means The Depository Trust Company, its nominees, successors and assigns. 

“EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person and its Restricted
Subsidiaries for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income: 

(1)    Consolidated Taxes; plus 

(2)    Consolidated Interest Expense and costs of surety bonds in connection with financing activities plus
amounts excluded from Consolidated Interest Expense pursuant to subclauses (i) through (vi) of clause (1) of the definition thereof, to the extent the same were deducted (and not added back) in calculating such Consolidated Net Income;
plus 
 (3)    Consolidated Depreciation and Amortization Expense; plus 

(4)    Consolidated Non-Cash Charges; plus 

(5)    any expenses or charges (other than Consolidated Depreciation and Amortization Expense) related to
any issuance of Equity Interests, Investment, acquisition, disposition, recapitalization or the incurrence, modification or repayment of Indebtedness permitted to be Incurred by this Indenture (including a refinancing thereof) (whether or not
successful), including (i) such fees, expenses or charges related to the Transactions, the Notes or any Credit Facility Indebtedness, (ii) any amendment or other modification of the Notes or any other Indebtedness and
(iii) commissions, discounts, yield and other fees and charges (including any interest expense) related to any Qualified Securitization Financing; plus 

(6)    business optimization expenses and other restructuring charges, reserves or expenses (including,
without limitation, the effect of facility closures, facility consolidations, retention, severance, systems establishment costs, contract termination costs, future lease commitments and excess pension charges); plus 

(7)    the amount of loss or discount on sale of assets to a Securitization Subsidiary in connection with a
Qualified Securitization Financing; plus 
 (8)    any costs or expense incurred pursuant to any
management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that such cost or expenses are funded with cash proceeds contributed to the
capital of the Company or any Guarantor or net cash proceeds of an issuance of Equity Interests of the Company (other than Disqualified Stock) solely to the extent that such net cash proceeds are excluded from the calculation of the Cumulative
Credit; plus 
 (9)    with respect to any joint venture that is not a Subsidiary and solely to
the extent relating to any net income referred to in clause (7) of the definition of “Consolidated Net Income,” an amount equal to the proportion of those items described in clauses (1) and (2) above relating to such joint
venture corresponding to the Company’s and the Restricted Subsidiaries’ proportionate share of such joint venture’s Consolidated Net Income (determined as if such joint venture were a Subsidiary); plus 

  
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 (10)    all adjustments of the nature used in connection with
the calculation of “Pro Forma Combined Adjusted EBITDA-post-synergies” as set forth under the heading “Summary—Summary Unaudited Pro Forma Combined Financial Data” in the Offering Memorandum to the extent such adjustments,
without duplication, continue to be applicable to such period; and 
 less, without duplication, to the extent the same increased Consolidated Net
Income, non-cash items increasing Consolidated Net Income for such period (excluding the recognition of deferred revenue or any items which represent the reversal of any accrual of, or cash reserve for,
anticipated cash charges that reduced EBITDA in any prior period and any items for which cash was received in a prior period). 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering” means any public or
private sale after the Issue Date of common Capital Stock or Preferred Stock of the Company or any direct or indirect parent of the Company, as applicable (other than Disqualified Stock), other than: 

(1)    public offerings with respect to the Company’s or such direct or indirect parent’s common
stock registered on Form S-4 or Form S-8; 

(2)    issuances to any Subsidiary of the Company; and 

(3)    any such public or private sale that constitutes an Excluded Contribution. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Escrow Account” means a segregated account, under the sole control of the Escrow Agent, that includes only cash and U.S.
Government Obligations or investment funds investing at least 95% of their assets in cash and U.S. Government Obligations, free from all Liens other than the Lien in favor of the Trustee for itself and the benefit of the holders of the Initial Notes
and any Lien in favor of the Escrow Agent to secure obligations owed to the Escrow Agent in connection with the Escrow Account or the Escrow Agreement. 

“Escrow Agent” means U.S. Bank National Association, as escrow agent under the Escrow Agreement or any successor escrow agent
as set forth in the Escrow Agreement. 
 “Escrow Agreement” means the Escrow and Security Agreement, dated as of the Issue
Date, among the Escrow Agent, the Escrow Issuer, MCC and the Trustee. 
 “Escrow Release” means the release of the Escrowed
Property from the Escrow Account pursuant to the terms of the Escrow Agreement. 
 “Escrow Release Date” means the date on
which the Escrow Release occurs. 
 “Escrowed Property” means the initial funds deposited into the Escrow Account pursuant
to the terms of the Escrow Agreement and all other property from time to time held by the Escrow Agent for the benefit of the holders of the Initial Notes. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder. 

  
 -17- 

 “Excluded Contributions” means the Cash Equivalents or other assets (valued at
their Fair Market Value as determined in good faith by senior management or the Board of Directors of the Company) received by the Company after the Issue Date from: 

(1)    contributions to its common equity capital, and 

(2)    the sale (other than to a Subsidiary of the Company or to any Subsidiary management equity plan or
stock option plan or any other management or employee benefit plan or agreement) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Company, 

in each case designated as Excluded Contributions pursuant to an Officers’ Certificate. 

“Existing Australian Charges” means, collectively, (i) registered charge no. 303248 dated January 19, 1965 granted
by Collotype International Holdings Pty Limited in favor of Australasian Finance Co. Proprietary Ltd ACN 007 562 281 (which originally had South Australian Company Number (SA) C0006333M and was subsequently known as Deckert & Roney Pty
Limited before being deregistered) and (ii) registered charge no. 303249 dated June 24, 1965 granted by Collotype International Holdings Pty Limited in favor of SABCo Limited ACN 007 870 475 (which originally had South Australian Company
Number (SA) C0043695M). 
 “Existing Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as
of November 21, 2014, as amended, among the Company, as borrower, the other borrowers party thereto, Bank of America, N.A., as administrative agent, and the lenders party thereto. 

“Fair Market Value” means, with respect to any asset or property, the price which could be negotiated in an arm’s-length transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction. 

“Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the ratio of EBITDA of such Person for such
period to the Fixed Charges of such Person for such period. 
 In the event that the Company or any of the Restricted Subsidiaries Incurs,
repays, repurchases or redeems any Indebtedness (other than in the case of revolving credit borrowings for working capital purposes or any Qualified Securitization Financing, in which case interest expense shall be computed based upon the average
daily balance of such Indebtedness during the applicable period) or issues, repurchases or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but
prior to the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Fixed Charge Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such
Incurrence, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period. 

For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers, amalgamations, consolidations and
discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes, business realignment projects or initiatives, restructurings or reorganizations that the
Company or any Restricted Subsidiary has determined to make and/or made during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Fixed Charge Calculation Date (each, for purposes
of this definition, a “pro forma event”) shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, amalgamations, consolidations,

  
 -18- 

 
discontinued operations and other operational changes, business realignment projects or initiatives, restructurings or reorganizations (and the change of any associated fixed charge obligations
and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the
Company or any Restricted Subsidiary since the beginning of such period shall have made any Investment, acquisition, disposition, merger, consolidation, amalgamation, discontinued operation, operational change, business realignment project or
initiative, restructuring or reorganization, in each case with respect to an operating unit of a business, that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro
forma effect thereto for such period as if such Investment, acquisition, disposition, discontinued operation, merger, amalgamation, consolidation, operational change, business realignment project or initiative, restructuring or
reorganization had occurred at the beginning of the applicable four-quarter period. If since the beginning of such period any Restricted Subsidiary is designated an Unrestricted Subsidiary or any Unrestricted Subsidiary is designated a
Restricted Subsidiary, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such designation had occurred at the beginning of the applicable four-quarter period. 

For purposes of this definition, whenever pro forma effect is to be given to any pro forma event, the pro forma
calculations shall be made in good faith by a responsible financial or accounting officer of the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Company as set
forth in an Officers’ Certificate, to reflect operating expense reductions and other operating improvements or synergies reasonably identifiable and factually supportable and projected by the Company in good faith to result from actions that
have been taken or with respect to which substantial steps have been taken or are expected to be taken (in the good faith determination of the Company) within 18 months of the date the applicable event is consummated; provided that the
aggregate amount of operating expense reductions and other operating improvements or synergies for the period for which the Fixed Charge Coverage Ratio is being calculated shall not exceed 20% of EBITDA for such period (determined prior to giving
effect to any such adjustments). 
 If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the
interest on such Indebtedness shall be calculated as if the rate in effect on the Fixed Charge Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness if such
Hedging Obligation has a remaining term in excess of 12 months). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Company to be the
rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis
shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a Eurocurrency
interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 

For purposes of this definition, any amount in a currency other than Dollars will be converted to Dollars based on the average exchange rate
for such currency for the most recent twelve-month period immediately prior to the date of determination in a manner consistent with that used in calculating EBITDA for the applicable period. 

“Fixed Charges” means, with respect to any Person for any period, the sum, without duplication, of: (1) Consolidated
Interest Expense of such Person for such period, and (2) all cash dividend payments (excluding items eliminated in consolidation) on any series of Preferred Stock or Disqualified Stock of such Person and its Restricted Subsidiaries. 

  
 -19- 

 “Foreign Subsidiary” means a Restricted Subsidiary not organized or existing
under the laws of the United States of America or any state thereof or the District of Columbia. Notwithstanding the foregoing, ChileanLabelCorp Holdings, LLC, LabelCorp International, LLC, Multi-Color Australia LLC and Multi-Color US Holdings, LLC
shall each be deemed to be a Foreign Subsidiary. 
 “GAAP” means generally accepted accounting principles in the United
States set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect on the Issue Date. For the purposes of this Indenture, the term “consolidated” with respect to any Person
shall mean such Person consolidated with its Restricted Subsidiaries, and shall not include any Unrestricted Subsidiary, but the interest of such Person in an Unrestricted Subsidiary will be accounted for as an Investment. 

“guarantee” means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of
business), direct or indirect, in any manner (including, without limitation, letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations. The amount of any guarantee shall be deemed
to be an amount equal to the stated or determinable amount of the Indebtedness in respect of which such guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such Person
in good faith. 
 “Guarantee” means any guarantee of the obligations of the Company under this Indenture and the Notes by
any Guarantor in accordance with the provisions of this Indenture. 
 “Guarantor” means (x) the Guarantors on the
Issue Date and (y) any Subsidiary of the Company that Incurs a Guarantee after the Issue Date; provided that upon the release or discharge of such Person from its Guarantee in accordance with this Indenture, such Person shall cease to be
a Guarantor. 
 “Hedging Obligations” means, with respect to any Person, the obligations of such Person under: 

(1)    currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate or
commodity cap agreements and currency exchange, interest rate or commodity collar agreements; and 

(2)    other agreements or arrangements designed to protect such Person against fluctuations in currency
exchange, interest rates or commodity prices. 
 “holder” means the Person in whose name a Note is registered on the
Registrar’s books. 
 “Incur” means issue, assume, guarantee, incur or otherwise become liable for; provided,
however, that any Indebtedness or Capital Stock of a Person existing at the time such person becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Person at the
time it becomes a Subsidiary. The terms “Incurred” and “Incurrence” have a corresponding meaning. 

  
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 “Indebtedness” means, with respect to any Person: 

(1)    the principal of any indebtedness of such Person, whether or not contingent, (a) in respect of
borrowed money, (b) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement agreements in respect thereof), (c) representing the deferred and unpaid
purchase price of any property (except any such balance that constitutes (i) a trade payable or similar obligation to a trade creditor arising in the ordinary course of business, (ii) any earn-out
obligations until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and (iii) liabilities accrued in the ordinary course of business), which purchase price is due more than twelve months after the
date of placing the property in service or taking delivery and title thereto, (d) in respect of Capitalized Lease Obligations, or (e) representing any Hedging Obligations, if and to the extent that any of the foregoing indebtedness would
appear as a liability on a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; 

(2)    to the extent not otherwise included, any obligation of such Person to be liable for, or to pay, as
obligor, guarantor or otherwise, the obligations referred to in clause (1) of another Person (other than by endorsement of negotiable instruments for collection in the ordinary course of business); and 

(3)    to the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset
owned by such Person (whether or not such Indebtedness is assumed by such Person); provided, however, that the amount of such Indebtedness will be the lesser of: (a) the Fair Market Value (as determined in good faith by the
Company) of such asset at such date of determination, and (b) the amount of such Indebtedness of such other Person; 
 provided, however,
that, notwithstanding the foregoing, Indebtedness shall be deemed not to include (i) Contingent Obligations incurred in the ordinary course of business and not in respect of borrowed money; (ii) deferred or prepaid revenues;
(iii) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller; (iv) Obligations under or in respect of any Qualified
Securitization Financing; (v) trade and other ordinary course payables, accrued expenses and liabilities arising in the ordinary course of business; (vi) obligations in respect of cash management/other facility services; (vii) in the
case of the Company and the Restricted Subsidiaries, (I) all intercompany Indebtedness having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business and
(II) intercompany liabilities in connection with cash management, tax and accounting operations of the Company and the Restricted Subsidiaries; and (viii) any obligations under Hedging Obligations or Swap Contracts; provided that
such agreements are entered into for bona fide hedging purposes of the Company or the Restricted Subsidiaries (as determined in good faith by the Board of Directors or senior management of the Company, whether or not accounted for as a hedge in
accordance with GAAP) and, in the case of any foreign exchange contract, currency swap agreement, futures contract, option contract or other similar agreement, such agreements are related to business transactions of the Company or the Restricted
Subsidiaries entered into in the ordinary course of business and, in the case of any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement,
interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement, such agreements substantially correspond in terms of notional amount, duration and interest rates, as applicable, to Indebtedness of the Company
or the Restricted Subsidiaries Incurred without violation of this Indenture. 
 Notwithstanding anything in this Indenture to the contrary,
Indebtedness shall not include, and shall be calculated without giving effect to, the effects of Statement of Financial Accounting Standards No. 133 and related interpretations to the extent such effects would otherwise increase or decrease an
amount of Indebtedness for any purpose under this Indenture as a result of accounting for any embedded 

  
 -21- 

 
derivatives created by the terms of such Indebtedness; and any such amounts that would have constituted Indebtedness under this Indenture but for the application of this sentence shall not be
deemed an Incurrence of Indebtedness under this Indenture. 
 “Indenture” means this Indenture as amended or supplemented
from time to time. 
 “Independent Financial Advisor” means an accounting, appraisal or investment banking firm or
consultant, in each case of nationally recognized standing, that is, in the good faith determination of the Company, qualified to perform the task for which it has been engaged. 

“Interest Payment Date” has the meaning set forth in Exhibit A hereto. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s or BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency in the event that either Moody’s and/or S&P has not then rated the Notes. 

“Investment Grade Securities” means: 

(1)    securities issued or directly and fully guaranteed or insured by the U.S. government or any agency
or instrumentality thereof (other than Cash Equivalents), 
 (2)    securities that have a rating equal
to or higher than Baa3 (or equivalent) by Moody’s and BBB- (or equivalent) by S&P, but excluding any debt securities or loans or advances between and among the Company and its Subsidiaries, 

(3)    investments in any fund that invests exclusively in investments of the type described in clauses
(1) and (2) which fund may also hold material amounts of cash pending investment and/or distribution, and 

(4)    corresponding instruments in countries other than the United States customarily utilized for high
quality investments and in each case with maturities not exceeding two years from the date of acquisition. 
 “Investments”
means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit and advances to
customers and commission, travel and similar advances to officers, employees and consultants made in the ordinary course of business and any assets or securities received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss and any prepayments and other credits to suppliers made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness,
Equity Interests or other securities issued by any other Person and investments that are required by GAAP to be classified on the balance sheet of such Person in the same manner as the other investments included in this definition to the extent such
transactions involve the transfer of cash or other property. For purposes of the definition of “Unrestricted Subsidiary” and Section 4.04: 

(1)    “Investments” shall include the portion (proportionate to the Company’s equity
interest in such Subsidiary) of the Fair Market Value (as determined in good faith by the Company) of the net assets of such Subsidiary at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided that upon a
redesignation of such Subsidiary as a Restricted Subsidiary, the Company shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary equal to an amount (if positive) equal to: 

(a)    the Company’s “Investment” in such Subsidiary at the time of such redesignation less

  
 -22- 

 (b)    the portion (proportionate to the Company’s
equity interest in such Subsidiary) of the Fair Market Value (as determined in good faith by the Company) of the net assets of such Subsidiary at the time of such redesignation; and 

(2)    any property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market
Value (as determined in good faith by the Company) at the time of such transfer, in each case as determined in good faith by the Board of Directors of the Company. 

“Issue Date” means the date on which the Notes are originally issued. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or similar encumbrance of any
kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional sale or other title retention agreement or any lease in the nature thereof); provided that in no event shall
an operating lease or an agreement to sell be deemed to constitute a Lien. 
 “Master Agreement” has the meaning assigned
to such term in the definition of “Swap Contract.” 
 “MCC” means Multi-Color Corporation, an Ohio corporation,
and its successors. 
 “Moody’s” means Moody’s Investors Service, Inc. or any successor to the rating agency
business thereof. 
 “Net Income” means, with respect to any Person, the net income (loss) of such Person and its
Restricted Subsidiaries, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. 

“Net Proceeds” means the aggregate cash proceeds received by the Company or any Restricted Subsidiary in respect of any Asset
Sale (including, without limitation, any cash received in respect of or upon the sale or other disposition of any Designated Non-cash Consideration received in any Asset Sale and any cash payments received by
way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, but excluding the assumption by the acquiring Person of Indebtedness relating to the disposed assets or other
consideration received in any other non-cash form), net of the direct costs relating to such Asset Sale and the sale or disposition of such Designated Non-cash
Consideration (including, without limitation, legal, accounting and investment banking fees, and brokerage and sales commissions), and any relocation expenses Incurred as a result thereof, taxes paid or payable as a result thereof (after taking into
account any available tax credits or deductions and any tax sharing arrangements related solely to such disposition), amounts required to be applied to the repayment of principal, premium (if any) and interest on Indebtedness required (other than
pursuant to Section 4.06(b)) to be paid as a result of such transaction, all distributions and other payments required to be made to holders of non-controlling interests in Subsidiaries or in joint
ventures, limited liability companies, partnerships or other Persons as a result of such Asset Sale, and any deduction of appropriate amounts to be provided by the Company and the Restricted Subsidiaries as a reserve in accordance with GAAP against
any liabilities associated with the asset disposed of in such transaction and retained by the Company and the Restricted Subsidiaries after such sale or other disposition thereof, including, without limitation, pension, severance and other
post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction. 

  
 -23- 

 “Notes Obligations” means Obligations in respect of the Notes, this Indenture
and the Guarantees. 
 “Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements
(including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities payable under the documentation governing any Indebtedness; provided that Obligations
with respect to the Notes shall not include fees or indemnifications in favor of third parties other than the Trustee and the holders of the Notes. 

“Offering Memorandum” means the offering memorandum, dated September 20, 2017, relating to the issuance of the Initial
Notes. 
 “Officer” means, with respect to any Person, the Chairman of the Board, Chief Executive Officer, Chief Financial
Officer, President, any Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of such Person. 

“Officers’ Certificate” means, with respect to any Person, a certificate signed on behalf of such Person by two Officers
of such Person, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of such Person, which meets the requirements set forth in this Indenture and which shall not
create or give rise to personal (as opposed to corporate) liability. 
 “Opinion of Counsel” means, with respect to any
Person, a written opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of or counsel to such Person. 

“Outside Date” means January 16, 2018. 

“Pari Passu Indebtedness” means: (a) with respect to the Company, the Notes and any Indebtedness which ranks pari passu
in right of payment to the Notes; and (b) with respect to any Guarantor, its Guarantee and any Indebtedness which ranks pari passu in right of payment to such Guarantor’s Guarantee. 

“Permitted Investments” means: 

(1)    any Investment in the Company or any Restricted Subsidiary; 

(2)    any Investment in Cash Equivalents or Investment Grade Securities; 

(3)    any Investment by the Company or any Restricted Subsidiary in a Person that is engaged in a Similar
Business if as a result of such Investment (a) such Person becomes a Restricted Subsidiary, or (b) such Person, in one transaction or a series of related transactions, is merged, consolidated or amalgamated with or into, or transfers or
conveys all or substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary; 

(4)    any Investment in securities or other assets not constituting Cash Equivalents and received in
connection with an Asset Sale made pursuant to Section 4.06 or any other disposition of assets not constituting an Asset Sale; 

  
 -24- 

 (5)    any Investment existing on, or made pursuant to
binding commitments existing on, the Issue Date or an Investment consisting of any extension, modification or renewal of any Investment existing on the Issue Date; provided that the amount of any such Investment may be increased (x) as
required by the terms of such Investment as in existence on the Issue Date or (y) as otherwise permitted under this Indenture; 

(6)    loans and advances to officers, directors, employees or consultants of the Company or any of its
Subsidiaries (i) in the ordinary course of business in an aggregate outstanding amount (valued at the time of the making thereof, and without giving effect to any write-downs or write-offs thereof) not to exceed $10.0 million at the time
of Incurrence, (ii) in respect of payroll payments and expenses in the ordinary course of business and (iii) in connection with such person’s purchase of Equity Interests of the Company or any direct or indirect parent of the Company
solely to the extent that the amount of such loans and advances shall be contributed to the Company in cash as common equity; 

(7)    any Investment acquired by the Company or any Restricted Subsidiary (a) in exchange for any
other Investment or accounts receivable held by the Company or such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable,
or (b) as a result of a foreclosure by the Company or any Restricted Subsidiary with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 

(8)    Hedging Obligations permitted under Section 4.03(b)(x) and other obligations under Swap
Contracts entered into in the ordinary course of business and not for speculative purposes, in each case not prohibited under this Indenture; 

(9)    additional Investments by the Company or any Restricted Subsidiary (including Investments in joint
ventures) having an aggregate Fair Market Value (as determined in good faith by the Company), taken together with all other Investments made pursuant to this clause (9) that are at that time outstanding, not to exceed the sum of (x)
$100.0 million, plus (y) in the case of majority controlled joint ventures, $200.0 million and, in the case of minority controlled joint ventures, $40.0 million plus (z) an amount equal to any returns (including dividends,
interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) actually received in respect of any such Investment (with the Fair Market Value of each Investment being measured at the time made and without
giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (9) is made in any Person that is not the Company or a Restricted Subsidiary at the date of the making of such
Investment and such Person becomes the Company or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) above and shall cease to have been made pursuant to this clause
(9) for so long as such Person continues to be the Company or a Restricted Subsidiary; 

(10)    loans and advances to officers, directors or employees for business-related travel expenses, moving
expenses and other similar expenses, in each case Incurred in the ordinary course of business or consistent with past practice or to fund such person’s purchase of Equity Interests of the Company or any direct or indirect parent of the Company;

 (11)    Investments the payment for which consists of Equity Interests of the Company (other than
Disqualified Stock) or any direct or indirect parent of the Company, as applicable; provided, however, that such Equity Interests will not increase the amount available for Restricted Payments under clause (3) of the definition of
“Cumulative Credit” and shall not constitute Excluded Contributions hereunder; 

  
 -25- 

 (12)    any transaction to the extent it constitutes an
Investment that is permitted by and made in accordance with the provisions of Section 4.07(b) (except transactions described in clauses (ii), (iv), (vi), (ix)(B) and (xv) of Section 4.07(b)); 

(13)    guarantees issued in accordance with Section 4.03 and Section 4.11, including, without
limitation, any guarantee or other obligation issued or incurred under the Credit Agreement in connection with any letter of credit issued for the account of the Company or any of its Subsidiaries (including with respect to the issuance of, or
payments in respect of drawings under, such letters of credit); 
 (14)    Investments consisting of or
to finance purchases and acquisitions of inventory, supplies, materials, services or equipment or purchases of contract rights or licenses or leases of intellectual property; 

(15)    any Investment in a Securitization Subsidiary or any Investment by a Securitization Subsidiary in
any other Person in connection with a Qualified Securitization Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such Qualified Securitization Financing or any related Indebtedness; 

(16)    any Investment in an entity which is not a Restricted Subsidiary to which a Restricted Subsidiary
sells Securitization Assets pursuant to a Qualified Securitization Financing; 
 (17)    Investments of a
Restricted Subsidiary acquired after the Issue Date or of an entity merged into, amalgamated with, or consolidated with the Company or a Restricted Subsidiary in a transaction that is not prohibited by Section 5.01 after the Issue Date to the
extent that such Investments were not made in contemplation of such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation; 

(18)    Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3
endorsements for collection or deposit and Uniform Commercial Code Article 4 customary trade arrangements with customers; 

(19)    Investments in any Person to the extent such Investments consist of prepaid expenses, negotiable
instruments held for collection, and lease, utility, workers’ compensation, performance and similar deposits made in the ordinary course of business; 

(20)    any Investment in any Subsidiary of the Company or any joint venture in connection with
intercompany cash management arrangements or related activities arising in the ordinary course of business; 

(21)    contributions to or any payments of benefits under any pension plan or other “employee benefit
plan” as defined in Section 3(2) of ERISA; 
 (22)    Investments received in compromise or
resolution of litigation, arbitration or other disputes; and 
 (23)    other Investments not exceeding
$25.0 million. 

  
 -26- 

 “Permitted Liens” means, with respect to any Person: 

(1)    pledges or deposits and other Liens granted by such Person under workmen’s compensation laws,
unemployment insurance laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory
obligations of such Person or deposits of cash or U.S. government bonds to secure surety or appeal bonds, performance and return of money bonds, or deposits as security for contested taxes or import duties or for the payment of rent, in each case
Incurred in the ordinary course of business; 
 (2)    Liens imposed by law, such as landlord’s,
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, construction or other like Liens securing obligations that are not overdue by more than sixty (60) days or that are being contested in good faith by
appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for review; 

(3)    Liens for taxes, assessments or other governmental charges not yet subject to penalties for
nonpayment or that are being contested in good faith by appropriate proceedings; 
 (4)    Liens in favor
of issuers of performance and surety bonds or bid bonds or with respect to other regulatory requirements or letters of credit, bankers’ acceptances or similar obligations issued pursuant to the request of and for the account of such Person in
the ordinary course of its business; 
 (5)    minor survey exceptions, minor encumbrances, trackage
rights, special assessments, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines and
other similar purposes, servicing agreements, development agreements, site plan agreements and other similar encumbrances incurred in the ordinary course of business or zoning, building code or other restrictions as to the use of real properties or
Liens incidental to the conduct of the business of such Person or to the ownership of its properties which were not Incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties
or materially impair their use in the operation of the business of such Person; 
 (6)    (A) Liens on
assets of a Subsidiary that is not a Guarantor securing Indebtedness of a Subsidiary that is not a Guarantor permitted to be Incurred pursuant to Section 4.03; 

(B)    Liens securing Indebtedness Incurred pursuant to Section 4.03(b)(i) or other obligations
otherwise secured pursuant to any Credit Agreement Document; and 
 (C)    Liens securing Obligations in
respect of Indebtedness permitted to be Incurred pursuant to clause (iv), (xiv) (to the extent such guarantees are issued in respect of any Indebtedness) or (xvi) of Section 4.03(b); 

(7)    Liens existing on the Issue Date (other than Liens in favor of the agent, lenders and other secured
parties under the Credit Agreement Documents); 
 (8)    Liens on assets, property or shares of stock of
a Person at the time such Person becomes a Subsidiary; provided, however, that such Liens (other than Liens to secure Indebtedness Incurred pursuant to Section 4.03(b)(xvi)) are not created or Incurred in connection with, or in
contemplation of, such other Person becoming such a Subsidiary; provided, further, however, that such Liens (other than Liens to secure Indebtedness Incurred pursuant to Section 4.03(b)(xvi)) may not extend to any other
property owned by the Company or any Restricted 

  
 -27- 

 
Subsidiary (other than pursuant to after-acquired property clauses in effect with respect to such Lien at the time of acquisition on property of the type that would have been subject to such Lien
notwithstanding the occurrence of such acquisition); 
 (9)    Liens on assets or property at the time
the Company or a Restricted Subsidiary acquired the assets or property, including any acquisition by means of a merger, amalgamation or consolidation with or into the Company or any Restricted Subsidiary; provided, however, that such
Liens (other than Liens to secure Indebtedness Incurred pursuant to Section 4.03(b)(xvi)) are not created or Incurred in connection with, or in contemplation of, such acquisition; provided, further, however, that the Liens
(other than Liens to secure Indebtedness Incurred pursuant to Section 4.03(b)(xvi)) may not extend to any other property owned by the Company or any Restricted Subsidiary (other than pursuant to after-acquired property clauses in effect with
respect to such Lien at the time of acquisition on property of the type that would have been subject to such Lien notwithstanding the occurrence of such acquisition); 

(10)    Liens securing Indebtedness or other obligations of the Company or a Restricted Subsidiary owing to
the Company or another Restricted Subsidiary permitted to be Incurred in accordance with Section 4.03; 

(11)    Liens securing Hedging Obligations and obligations under Swap Contracts, in each case not incurred
in violation of this Indenture; 
 (12)    Liens on inventory or other goods and proceeds of any Person
securing such Person’s obligations in respect of documentary letters of credit, bank guarantees or bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or
other goods; 
 (13)    leases and subleases of real property which do not materially interfere with the
ordinary conduct of the business of the Company or any of the Restricted Subsidiaries; 
 (14)    Liens
arising from Uniform Commercial Code financing statement filings regarding operating leases or other obligations not constituting Indebtedness; 

(15)    Liens in favor of the Escrow Issuer, the Company or any Guarantor; 

(16)    Liens on assets of the type specified in the definition of “Securitization Financing”
Incurred in connection with a Qualified Securitization Financing; 
 (17)    pledges and deposits and
other Liens made in the ordinary course of business to secure liability to insurance carriers; 

(18)    Liens on the Equity Interests of Unrestricted Subsidiaries; 

(19)    leases or subleases, and licenses or sublicenses (including with respect to intellectual property)
granted to others in the ordinary course of business; 
 (20)    Liens to secure any refinancing,
refunding, extension, renewal or replacement (or successive refinancings, refundings, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in this clause (20) and clauses (6), (7),
(8), (9), (10), (11), (15) and (25) of this definition; provided, however, that (x) such new Lien shall be limited to all or part of the same property (including any after acquired property to the extent it

  
 -28- 

 
would have been subject to the original Lien) that secured the original Lien (plus improvements on and accessions to such property, proceeds and products thereof, customary security deposits and
any other assets pursuant to the after-acquired property clauses to the extent such assets secured (or would have secured) the Indebtedness being refinanced, refunded, extended, renewed or replaced), and (y) the Indebtedness secured by such
Lien at such time is not increased to any amount greater than the sum of (A) the outstanding principal amount (or accreted value, if applicable) or, if greater, committed amount of the applicable Indebtedness described under this clause
(20) and clauses (6), (7), (8), (9), (10), (11), (15) and (25) of this definition at the time the original Lien became a Permitted Lien under this Indenture, (B) unpaid accrued interest and premiums (including tender premiums), and
(C) an amount necessary to pay any underwriting discounts, defeasance costs, commissions, fees and expenses related to such refinancing, refunding, extension, renewal or replacement; provided, further, however, that in the
case of any Liens to secure any refinancing, refunding, extension or renewal of Indebtedness secured by a Lien referred to in clause (6)(B), (6)(C) or (25), the principal amount of any Indebtedness Incurred for such refinancing, refunding, extension
or renewal shall be deemed secured by a Lien under clause (6)(B), (6)(C) or (25) and not this clause (20) for purposes of determining the principal amount of Indebtedness outstanding under clauses (6)(B), (6)(C) and (25); 

(21)    Liens on equipment of the Company or any Restricted Subsidiary granted in the ordinary course of
business to the Company’s or such Restricted Subsidiary’s client at which such equipment is located; 

(22)    judgment and attachment Liens not giving rise to an Event of Default and notices of lis pendens and
associated rights related to litigation being contested in good faith by appropriate proceedings and for which adequate reserves have been made; 

(23)    Liens arising out of conditional sale, title retention, consignment or similar arrangements for the
sale or purchase of goods entered into in the ordinary course of business; 
 (24)    Liens incurred to
secure cash management/other facility services or to implement cash pooling arrangements in the ordinary course of business; 

(25)    other Liens securing obligations the outstanding principal amount of which does not, taken together
with the principal amount of all other obligations secured by Liens incurred under this clause (25) that are at that time outstanding, exceed the greater of (x) $50.0 million and (y) 5.0% of Total Assets at the time of Incurrence; 

(26)    any encumbrance or restriction (including put and call arrangements) with respect to Capital Stock
of any joint venture or similar arrangement securing obligations of such joint venture or pursuant to any joint venture or similar agreement; 

(27)    any amounts held by a trustee in the funds and accounts under an indenture securing any revenue
bonds issued for the benefit of the Company or any Restricted Subsidiary, under any indenture issued in escrow pursuant to customary escrow arrangements pending the release thereof, or under any indenture pursuant to customary discharge, redemption
or defeasance provisions; 
 (28)    Liens (i) arising by virtue of any statutory or common law
provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depository or financial institution, (ii) attaching to
commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business or 

  
 -29- 

 
(iii) encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to brokerage accounts incurred in the ordinary course of business and not for speculative
purposes; 
 (29)    Liens (i) in favor of credit card companies pursuant to agreements therewith,
(ii) in favor of customers, and (iii) in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation and exportation of goods in the ordinary course of
business; 
 (30)    Liens disclosed by the title insurance policies delivered pursuant to the Credit
Agreement and any replacement, extension or renewal of any such Lien; provided that such replacement, extension or renewal Lien shall not cover any property other than the property that was subject to such Lien prior to such replacement,
extension or renewal; provided, further, that the Indebtedness and other obligations secured by such replacement, extension or renewal Lien are permitted under this Indenture; 

(31)    Liens that are contractual rights of set-off relating to
purchase orders and other agreements entered into with customers, suppliers or service providers of the Company or any Restricted Subsidiary in the ordinary course of business; 

(32)    in the case of real property that constitutes a leasehold interest, any Lien to which the fee
simple interest (or any superior leasehold interest) is subject; 
 (33)    agreements to subordinate any
interest of the Company or any Restricted Subsidiary in any accounts receivable or other prices arising from inventory consigned by the Company or any such Restricted Subsidiary pursuant to an agreement entered into in the ordinary course of
business; 
 (34)    Liens on securities that are the subject of repurchase agreements constituting Cash
Equivalents under clause (4) of the definition thereof; 
 (35)    Liens on the Subject Receivables
to the extent securing Indebtedness Incurred pursuant to Section 4.03(b)(xxv); 
 (36)    Liens
securing insurance premium financing arrangements; provided that such Liens are limited to the applicable unearned insurance premiums; 

(37)    in relation to the Company’s Subsidiaries incorporated or formed in Australia, (i) a
deemed security interest under section 12(3) of the Personal Property Securities Act 2009 (Cth). which does not secure payment or performance of an obligation and (ii) a Lien taken in personal property (as defined in the Personal Property
Securities Act 2009 (Cth).) by a seller of that personal property to the extent that it secures the obligation to pay all or part of the purchase price of that personal property, where that personal property is purchased in the ordinary course of
the buyer’s business; 
 (38)    so long as no amounts are secured thereby, the Existing Australian
Charges; and 
 (39)    Liens on Escrowed Property in favor of the Trustee for the benefit of the holders
of the Initial Notes or in favor of the Escrow Agent pursuant to the terms of the Escrow Agreement. 

  
 -30- 

 “Person” means any individual, corporation, partnership, limited liability
company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Preferred Stock” means any Equity Interest with preferential right of payment of dividends or upon liquidation, dissolution,
or winding up. 
 “Qualified Securitization Financing” means any Securitization Financing of a Securitization Subsidiary
that meets the following conditions: 
 (1)    the Board of Directors of the Company shall have
determined in good faith that such Qualified Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Company and the Securitization
Subsidiary; 
 (2)    all sales of Securitization Assets and related assets to the Securitization
Subsidiary are made at Fair Market Value (as determined in good faith by the Company); and 
 (3)    the
financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Company) and may include Standard Securitization Undertakings. 

The grant of a security interest in any Securitization Assets of the Company or any Restricted Subsidiary (other than a Securitization
Subsidiary) to secure Credit Facility Indebtedness, Indebtedness in respect of the Notes or any Refinancing Indebtedness with respect to the Notes shall not be deemed a Qualified Securitization Financing. 

“Rating Agency” means (1) each of Moody’s and S&P and (2) if Moody’s or S&P ceases to rate the
Notes for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Rule 15cs-1(c)(2)(vi)(F) under the Exchange Act selected by
the Company or any direct or indirect parent of the Company as a replacement agency for Moody’s or S&P, as the case may be. 

“Record Date” has the meaning specified in Exhibit A hereto. 

“Replacement Assets” means any one or more businesses (provided that if the investment in such business or businesses
is in the form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Company), assets, or property or capital expenditures, in each case (a) that are or will be used or
useful in a Similar Business or (b) that replace the properties and assets that are the subject of the Asset Sale. 

“Restricted Investment” means an Investment other than a Permitted Investment. 

“Restricted Subsidiary” means, with respect to any Person, any Subsidiary of such Person other than an Unrestricted
Subsidiary of such Person. Unless otherwise indicated in this Indenture, all references to Restricted Subsidiaries shall mean Restricted Subsidiaries of the Company. 

“Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter acquired by the Company or a
Restricted Subsidiary whereby the Company or such Restricted Subsidiary transfers such property to a Person and the Company or such Restricted Subsidiary leases it from such Person, other than leases between the Company and a Restricted Subsidiary
or between Restricted Subsidiaries. 

  
 -31- 

 “S&P” means Standard & Poor’s Ratings Group or any successor
to the rating agency business thereof. 
 “SEC” means the U.S. Securities and Exchange Commission. 

“Secured Indebtedness” means any Consolidated Total Indebtedness secured by a Lien. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Securitization Assets” means any of the following assets (or interests therein) from time to time
originated, acquired or otherwise owned by the Company or any Restricted Subsidiary or in which the Company or any Restricted Subsidiary has any rights or interests, in each case, without regard to where such assets or interests are located:
(1) accounts receivable (including any bills of exchange), (2) royalty and other similar payments made related to the use of trade names and other intellectual property, business support, training and other services, (3) revenues
related to distribution and merchandising of the products of the Company and the Restricted Subsidiaries, (4) intellectual property rights relating to the generation of any of the foregoing types of assets, (5) parcels of or interests in
real property, together with all easements, hereditaments and appurtenances thereto, all improvements and appurtenant fixtures and equipment, incidental to the ownership, lease or operation thereof and (6) any other assets and property to the
extent customarily included in securitization transactions of the relevant type in the applicable jurisdictions (as determined by the Company in good faith). 

“Securitization Fees” means distributions or payments made directly or by means of discounts with respect to any
participation interests issued or sold in connection with, and all other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Securitization Financing. 

“Securitization Financing” means any transaction or series of transactions that may be entered into by the Company or any of
its Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Company or any of its Subsidiaries); and (b) any other
Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets (whether now existing or arising in the future) of the Company or any of their Subsidiaries, and any assets related
thereto including, without limitation, all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets which
are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets and any Hedging Obligations entered into by the Company or any such
Subsidiary in connection with such Securitization Assets. 
 “Securitization Repurchase Obligation” means any obligation of
a seller of Securitization Assets in a Qualified Securitization Financing to repurchase Securitization Assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a Securitization Asset or
portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the
seller. 
 “Securitization Subsidiary” means a Wholly Owned Restricted Subsidiary (or another Person formed for the
purposes of engaging in Qualified Securitization Financing with the Company in which the Company or any of its Subsidiaries makes an Investment and to which the Company or any of its Subsidiaries 

  
 -32- 

 
transfers Securitization Assets and related assets) which engages in no activities other than in connection with the financing of Securitization Assets of the Company and its Subsidiaries, all
proceeds thereof and all rights (contractual or other), collateral and other assets relating thereto, and any business or activities incidental or related to such business, and which is designated by the Board of Directors of the Company (as
provided below) as a Securitization Subsidiary and: 
 (a)    no portion of the Indebtedness or any other
obligations (contingent or otherwise) of which (i) is guaranteed by the Company or any other Restricted Subsidiary (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard
Securitization Undertakings), (ii) is recourse to or obligates the Company or any other Restricted Subsidiary in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects any property or asset of the Company or
any other Restricted Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; 

(b)    with which neither the Company nor any Restricted Subsidiary has any material contract, agreement,
arrangement or understanding other than on terms which the Company reasonably believes to be no less favorable in any material respect to the Company or such Restricted Subsidiary than those that might be obtained at the time from Persons that are
not Affiliates of the Company (other than pursuant to Standard Securitization Undertakings); and 

(c)    to which neither the Company nor any Restricted Subsidiary has any obligation to maintain or
preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results (other than pursuant to Standard Securitization Undertakings). 

Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by filing with the Trustee a certified copy of
the resolution of the Board of Directors of the Company giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing conditions. 

“Sellers” means Constantia Flexibles Germany GmbH, Constantia Flexibles International GmbH, Constantia, and GPC Holdings B.V.

 “Significant Subsidiary” means any Restricted Subsidiary that would be a “Significant Subsidiary” within the
meaning of Rule 1-02 under Regulation S-X promulgated by the SEC (or any successor provisions). 

“Similar Business” means any business (x) the majority of whose revenues are derived from business or activities
conducted by the Company and its Subsidiaries on the Issue Date, (y) that is a natural outgrowth or reasonable extension, development, expansion of any business or activities conducted by the Company and its subsidiaries on the Issue Date or
any business similar, reasonably related, incidental, complementary or ancillary to any of the foregoing and (z) any business that in the Company’s good faith business judgment constitutes a reasonable diversification of businesses
conducted by the Company and its Subsidiaries. 
 “Standard Securitization Undertakings” means representations, warranties,
covenants, indemnities and guarantees of performance entered into by the Company or any of its Subsidiaries which the Company has determined in good faith to be customary in a Securitization Financing including, without limitation, those relating to
the servicing of the assets of a Securitization Subsidiary, it being understood that any Securitization Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 

  
 -33- 

 “Stated Maturity” means, with respect to any security, the date specified in
such security as the fixed date on which the final payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such security at the
option of the holder thereof upon the happening of any contingency beyond the control of the issuer unless such contingency has occurred). 

“Subject Receivables” means accounts receivable (a) owing to the Company or any of its Subsidiaries from (i) The
Procter & Gamble Company and/or its Subsidiaries or Affiliates or (ii) any other Person (other than an Affiliate of the Company) reasonably acceptable to the Company in its sole discretion (b) owing to Collotype International
Holdings Pty Limited or any of its Subsidiaries from (i) Treasury Wine Estates and/or its Subsidiaries or Affiliates, or (ii) from any other Person (other than an Affiliate of the Company) reasonably acceptable to the Company in its sole
discretion, (c) owing to a Subsidiary of the Company that is not a Guarantor from (i) Heineken Italia S.P.A. and/or its Subsidiaries or Affiliates, (ii) Heineken Global Procurement B.V. and/or its Subsidiaries or Affiliates,
(iii) a customer pursuant to that certain Supplier Financing Agreement, dated August 13, 2014, between Deutsche Bank AG and Spear Europe, Ltd., or (iv) Molson Coors Brewing Company and/or its Subsidiaries or Affiliates, in each case,
for goods sold or services rendered by the Company or Collotype International Holdings Pty Limited, as the case may be, or any of their respective Subsidiaries including (A) all of the Company’s or such Restricted Subsidiary’s
interest in any merchandise (including returned merchandise) relating to the sale that gave rise to such account receivable, (B) all security interests or Liens and property subject to such security interests or Liens securing or purporting to
secure payment of such account receivable and all supporting obligations relating solely to such Subject Receivables, (C) tax refunds and proceeds of insurance, other agreements or arrangements of whatever character supporting or securing the
payment of such account receivable, (D) all rights and causes of action of the Company or such Restricted Subsidiary against the applicable account debtor of such account receivable and (E) all books, records and other information related
to such account receivable or the applicable account debtor. 
 “Subordinated Indebtedness” means (a) with respect to
the Company, any Indebtedness of the Company which is by its terms subordinated in right of payment to the Notes, and (b) with respect to any Guarantor, any Indebtedness of such Guarantor which is by its terms subordinated in right of payment
to its Guarantee. 
 “Subsidiary” means, with respect to any Person, (1) any corporation, association or other
business entity (other than a partnership, joint venture or limited liability company) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election
of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof, and (2) any partnership,
joint venture or limited liability company of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general and limited partnership interests, as applicable, are owned or controlled, directly
or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof, whether in the form of membership, general, special or limited partnership interests or otherwise, and (y) such Person or any
Subsidiary of such Person is a controlling general partner or otherwise controls such entity. 
 “Suspension Period” means
the period of time between a Covenant Suspension Event and the related Reversion Date. 
 “Swap Contract” means
(a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond
index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign 

  
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exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other
similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions
of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange
Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Total Assets” means the total consolidated assets of the Company and its Restricted Subsidiaries, as shown on the most
recent balance sheet of the Company, calculated on a pro forma basis after giving effect to any subsequent acquisition or disposition of a Person or business. 

“Transactions” means, collectively, the offering of the Initial Notes, the issuance of the Guarantees, the consummation of
the Constantia Labels Acquisition, the entry into and borrowings under the Credit Agreement, the repayment of the outstanding indebtedness and termination of the outstanding commitments under the Existing Credit Agreement, the release of the
guarantees by, and the release of the security interests and liens on, Constantia Labels under its existing senior facilities and the payment of all fees, costs and expenses related to the foregoing. 

“Treasury Rate” means, as of any redemption date, the yield to maturity as of such redemption date of United States Treasury
securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two (2) Business Days prior to the redemption date (or, if such
Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to November 1, 2020; provided, however, that if the period from the
redemption date to November 1, 2020 is less than one year, the weekly average yield on actively traded United States Treasury securities adjusted to a constant maturity of one year will be used. The Company will (1) calculate the Treasury
Rate on the second Business Day preceding the applicable redemption date and (2) prior to such redemption date, file with the trustee an Officers’ Certificate setting forth the Applicable Premium and the Treasury Rate and showing the
calculation of each in reasonable detail. 
 “Trust Indenture Act” or “TIA” means the Trust Indenture Act
of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect on the Issue Date. 
 “Trust Officer” means: 

(1)     any officer within the corporate trust department of the Trustee, including any vice president,
assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively,
or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject, and 

(2)    who shall have direct responsibility for the administration of this Indenture. 

“Trustee” means the party named as such in this Indenture until a successor replaces it and, thereafter, means the successor.

  
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 “Uniform Commercial Code” means the Uniform Commercial Code as the same may from
time to time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items. 

“Unrestricted Subsidiary” means: 

(1)    any Subsidiary of the Company that at the time of determination shall be designated as an
Unrestricted Subsidiary by the Board of Directors of the Company, as applicable, in the manner provided below; and 

(2)    any Subsidiary of an Unrestricted Subsidiary. 

The Company may designate any Subsidiary of the Company (including any newly acquired or newly formed Subsidiary of the Company) to be an
Unrestricted Subsidiary unless at the time of such designation such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on any property of the Company or any other Restricted Subsidiary that
is not a Subsidiary of the Subsidiary to be so designated, in each case at the time of such designation; provided, however, that the Subsidiary to be so designated and its Subsidiaries do not at the time of designation have and do not
thereafter Incur any Indebtedness pursuant to which the lender has recourse to any of the assets of the Company or any of the Restricted Subsidiaries unless otherwise permitted under Section 4.04; provided, further,
however, that either: 
 (a)    the Subsidiary to be so designated has total consolidated assets
of $1,000 or less; or 
 (b)    if such Subsidiary has consolidated assets greater than $1,000, then such
designation would be permitted under Section 4.04. 
 The Company may designate any Unrestricted Subsidiary to be a Restricted
Subsidiary; provided, however, that immediately after giving effect to such designation: 

(x)    (1) the Company could Incur $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage
Ratio test set forth in Section 4.03(a) or (2) the Fixed Charge Coverage Ratio of the Company would be greater than such ratio immediately prior to such designation, in each case on a pro forma basis taking into account such
designation, and 
 (y)    no Event of Default shall have occurred and be continuing. 

Any such designation by the Company shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the resolution of the
Board of Directors or any committee thereof of the Company giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. 

“U.S. Government Obligations” means securities that are: 

(1)    direct obligations of the United States of America for the timely payment of which its full faith
and credit is pledged, or 
 (2)    obligations of a Person controlled or supervised by and acting as an
agency or instrumentality of the United States of America, the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in each

  
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case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act)
as custodian with respect to any such U.S. Government Obligations or a specific payment of principal of or interest on any such U.S. Government Obligations held by such custodian for the account of the holder of such depository receipt; provided
that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligations or
the specific payment of principal of or interest on the U.S. Government Obligations evidenced by such depository receipt. 
 “Voting
Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness or Disqualified Stock or Preferred Stock, as the
case may be, at any date, the quotient obtained by dividing (1) the sum of the products of the number of years from the date of determination to the date of each successive scheduled principal payment of such Indebtedness or redemption or
similar payment with respect to such Disqualified Stock or Preferred Stock multiplied by the amount of such payment, by (2) the sum of all such payments. 

“Wholly Owned Domestic Subsidiary” means any Wholly Owned Restricted Subsidiary that is a Domestic Subsidiary. 

“Wholly Owned Restricted Subsidiary” means any Wholly Owned Subsidiary that is a Restricted Subsidiary. 

“Wholly Owned Subsidiary” of any Person means a Subsidiary of such Person 100% of the outstanding Capital Stock or other
ownership interests of which (other than directors’ qualifying shares or shares issued to foreign nationals or other third parties pursuant to applicable law) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries
of such Person. 
 SECTION 1.02    Other Definitions. 

 

			
	 Term
	 	Section
	 Affiliate Transaction
	 	4.07(a)
	 Agent Members
	 	Appendix A
	 Asset Sale Offer
	 	4.06(b)
	 Authentication Order
	 	2.03
	 Bankruptcy Law
	 	6.01
	 Change of Control Offer
	 	4.08(b)
	 Constantia Guarantee Date
	 	4.16(c)
	 covenant defeasance option
	 	8.01(b)
	 Covenant Suspension Event
	 	4.15
	 Custodian
	 	6.01
	 Definitive Note
	 	Appendix A
	 Depository
	 	Appendix A
	 Escrow Issuer
	 	Preamble
	 Event of Default
	 	6.01
	 Excess Proceeds
	 	4.06(b)
	 Global Notes
	 	Appendix A

  
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	 Term
	  	Section
	 Global Notes Legend
	  	Appendix A
	 Guaranteed Obligations
	  	10.01(a)
	 incorporated provision
	  	11.01
	 Increased Amount
	  	4.12(d)
	 Initial Notes
	  	Preamble
	 Initial Purchasers
	  	Appendix A
	 legal defeasance option
	  	8.01(b)
	 Notes
	  	Preamble
	 Notes Custodian
	  	Appendix A
	 Notice of Default
	  	6.01
	 Paying Agent
	  	2.04(a)
	 Permitted Jurisdictions
	  	5.01(a)
	 protected purchaser
	  	2.08
	 QIB
	  	Appendix A
	 Refinancing Indebtedness
	  	4.03(b)(xv)
	 Refunding Capital Stock
	  	4.04(b)(ii)(A)
	 Registrar
	  	2.04(a)
	 Regulation S
	  	Appendix A
	 Regulation S Global Notes
	  	Appendix A
	 Regulation S Notes
	  	Appendix A
	 Restricted Notes Legend
	  	Appendix A
	 Restricted Payments
	  	4.04(a)
	 Restricted Period
	  	Appendix A
	 Retired Capital Stock
	  	4.04(b)(ii)(A)
	 Reversion Date
	  	4.15
	 Rule 144A
	  	Appendix A
	 Rule 144A Global Notes
	  	Appendix A
	 Rule 144A Notes
	  	Appendix A
	 Rule 501
	  	Appendix A
	 Special Mandatory Redemption
	  	3.09
	 Special Mandatory Redemption Date
	  	3.09
	 Special Mandatory Redemption Event
	  	3.09
	 Special Mandatory Redemption Price
	  	3.09
	 Successor Company
	  	5.01(a)(i)
	 Successor Guarantor
	  	5.01(b)(i)
	 Suspended Covenants
	  	4.15
	 Tax Group
	  	4.04(b)(xii)(D)
	 Transfer Restricted Definitive Notes
	  	Appendix A
	 Transfer Restricted Global Notes
	  	Appendix A
	 Transfer Restricted Notes
	  	Appendix A
	 Unrestricted Definitive Notes
	  	Appendix A
	 Unrestricted Global Notes
	  	Appendix A
	 U.S.A. Patriot Act
	  	11.17

 SECTION 1.03    Rules of Construction.. Unless the context otherwise
requires: 
 (a)    a term has the meaning assigned to it; 

  
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 (b)    an accounting term not otherwise defined has the
meaning assigned to it in accordance with GAAP; 
 (c)    “or” is not exclusive; 

(d)    “including” means including without limitation; 

(e)    words in the singular include the plural and words in the plural include the singular; 

(f)    unsecured Indebtedness shall not be deemed to be subordinate or junior to Secured Indebtedness
merely by virtue of its nature as unsecured Indebtedness; 
 (g)    the principal amount of any non-interest bearing or other discount security at any date shall be the principal amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; 

(h)    the principal amount of any Preferred Stock shall be (i) the maximum liquidation value of such
Preferred Stock or (ii) the maximum mandatory redemption or mandatory repurchase price with respect to such Preferred Stock, whichever is greater; and 

(i)    unless otherwise specified herein, all accounting terms used herein shall be interpreted, all
accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP. 

ARTICLE II 
 THE NOTES

 SECTION 2.01    Amount of Notes. The aggregate principal amount of Notes which may be authenticated and
delivered under this Indenture on the Issue Date is $600,000,000. 
 The Company may from time to time after the Issue Date issue Additional
Notes under this Indenture in an unlimited principal amount, so long as (i) the Incurrence of the Indebtedness represented by such Additional Notes is at such time permitted by Section 4.03 as evidenced in an Officers’ Certificate
delivered to the Trustee and (ii) such Additional Notes are issued in compliance with the other applicable provisions of this Indenture. With respect to any Additional Notes issued after the Issue Date (except for Notes authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 2.07, 2.08, 3.08, 4.08(c) or Appendix A), there shall be (a) established in or pursuant to a resolution of the Board of
Directors or Sole Member (as applicable) of the Company and (b) (i) set forth or determined in the manner provided in an Officers’ Certificate or (ii) established in one or more indentures supplemental hereto, prior to the issuance of
such Additional Notes: 
 (1)    the aggregate principal amount of such Additional Notes which may be
authenticated and delivered under this Indenture; 
 (2)    the issue price and issuance date of such
Additional Notes, including the date from which interest on such Additional Notes shall accrue; and 

  
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 (3)    that such Additional Notes shall be issuable in whole
or in part in the form of one or more Global Notes and, in such case, the respective depositaries for such Global Notes, the form of any legend or legends which shall be borne by such Global Notes in addition to or in lieu of those set forth in
Exhibit A hereto and any circumstances in addition to or in lieu of those set forth in Section 2.2 of Appendix A in which any such Global Note may be exchanged in whole or in part for Additional Notes registered, or any transfer
of such Global Note in whole or in part may be registered, in the name or names of Persons other than the depositary for such Global Note or a nominee thereof. 

If any of the terms of any Additional Notes are established by action taken pursuant to a resolution of the Board of Directors, a copy of an
appropriate record of such action shall be certified by the Secretary or any Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate or an indenture supplemental hereto setting
forth the terms of the Additional Notes. 
 The Initial Notes and any Additional Notes may, at the Company’s option, be treated as a
single class of securities for all purposes under this Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase; provided that if the Additional Notes are not fungible with the Initial Notes for U.S.
federal income tax purposes, the Additional Notes will have a separate CUSIP number, if applicable. 
 SECTION
2.02    Form and Dating. Provisions relating to the Initial Notes are set forth in Appendix A, which is hereby incorporated in and expressly made a part of this Indenture. (i) The Initial Notes
and the Trustee’s certificate of authentication in respect thereof and (ii) any Additional Notes and the Trustee’s certificate of authentication in respect thereof shall each be substantially in the form of Exhibit
A hereto, which is hereby incorporated in and expressly made a part of this Indenture. The Notes may have notations, legends or endorsements required by law, stock exchange rule, agreements to which the Company or any Guarantor is subject, if
any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company). Each Note shall be dated the date of its authentication. The Notes shall be issuable only in registered form without interest
coupons and in denominations of $2,000 and any integral multiples of $1,000 in excess thereof; provided that Notes may be issued in denominations of less than $2,000 solely to accommodate book-entry positions that have been created by the
Depository in denominations of less than $2,000. 
 SECTION 2.03    Execution and Authentication. The Trustee
shall authenticate and make available for delivery upon a written order of the Company signed by one Officer of the Company (an “Authentication Order”) (a) Initial Notes for original issue on the date hereof in an aggregate
principal amount of $600,000,000 and (b) subject to the terms of this Indenture, Additional Notes in an aggregate principal amount to be determined at the time of issuance and specified therein. Such Authentication Order shall specify the
amount of separate Note certificates to be authenticated, the principal amount of each of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated, whether the Notes are to be Initial Notes or Additional
Notes, the registered holder of each of the Notes and delivery instructions. Notwithstanding anything to the contrary in this Indenture or Appendix A, any issuance of Additional Notes after the Issue Date shall be in a principal amount of at
least $2,000 and integral multiples of $1,000 in excess thereof. 
 One Officer shall sign the Notes for the Company by manual or PDF
signature. 
 If an Officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the
Note shall be valid nevertheless. 

  
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 A Note shall not be valid until an authorized signatory of the Trustee (or an authenticating
agent as described immediately below) manually signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

The Trustee may appoint one or more authenticating agents reasonably acceptable to the Company to authenticate the Notes. Any such appointment
shall be evidenced by an instrument signed by a Trust Officer, a copy of which shall be furnished to the Company. Unless limited by the terms of such appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each
reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as any Registrar, Paying Agent or agent for service of notices and demands. 

SECTION 2.04    Registrar and Paying Agent. 

(a)    The Company shall maintain (i) an office or agency where Notes may be presented for registration of transfer or
for exchange (the “Registrar”) and (ii) an office or agency where Notes may be presented for payment (the “Paying Agent”). The Registrar shall keep a register of the Notes and of their transfer and exchange.
The Company may have one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrars. The term “Paying
Agent” includes the Paying Agent and any additional paying agents. The Company initially appoints the Trustee as Registrar, Paying Agent and the Notes Custodian with respect to the Global Notes. 

(b)    The Company may enter into an appropriate agency agreement with any Registrar or Paying Agent not a party to this
Indenture, which shall incorporate the terms of the TIA. The agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee in writing of the name and address of any such agent. If the
Company fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07. The Company or any of its wholly owned domestically organized Subsidiaries
may act as Paying Agent or Registrar. 
 (c)    The Company may remove any Registrar or Paying Agent upon written notice
to such Registrar or Paying Agent and to the Trustee; provided, however, that no such removal shall become effective until (i) if applicable, acceptance of an appointment by a successor Registrar or Paying Agent, as the case may
be, as evidenced by an appropriate agreement entered into by the Company and such successor Registrar or Paying Agent, as the case may be, and delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall serve as
Registrar or Paying Agent until the appointment of a successor in accordance with clause (i) above. The Registrar or Paying Agent may resign at any time upon written notice to the Company and the Trustee; provided, however, that
the Trustee may resign as Paying Agent or Registrar only if the Trustee also resigns as Trustee in accordance with Section 7.08. 

SECTION 2.05    Paying Agent to Hold Money in Trust. Prior to 10:00 a.m., New York City time, on each due date of
the principal of and/or interest on any Note, the Company shall deposit with each Paying Agent (or, if the Company or any of its wholly owned domestically organized Subsidiaries is acting as Paying Agent, segregate and hold in trust for the benefit
of the Persons entitled thereto) a sum sufficient to pay such principal and/or interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that such Paying Agent shall hold in trust for the
benefit of holders or the Trustee all money held by such Paying Agent for the payment of principal of and interest on the Notes, and shall notify the Trustee in writing of any default by the Company in making any such payment. If the Company or any
of its wholly owned domestically organized Subsidiaries acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it in trust for the benefit of the Persons entitled thereto. The Company at any time may require a Paying
Agent to pay all money 

  
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held by it to the Trustee and to account for any funds disbursed by such Paying Agent. Upon complying with this Section 2.05, a Paying Agent shall have no further liability for the money
delivered to the Trustee. 
 SECTION 2.06    Holder Lists. The Trustee shall preserve in as current a form as is
reasonably practicable the most recent list available to it of the names and addresses of holders. If the Trustee is not the Registrar, the Company shall furnish, or cause the Registrar to furnish, to the Trustee, in writing at least five
(5) Business Days before each Interest Payment Date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of holders. 

SECTION 2.07    Transfer and Exchange. The Notes shall be issued in registered form and shall be transferable only
upon the surrender of a Note for registration of transfer and in compliance with Appendix A. When a Note is presented to the Registrar with a request to register a transfer, the Registrar shall register the transfer as requested if its
requirements (including, among other things, the furnishing of appropriate endorsements and transfer documents) therefor are met. When Notes are presented to the Registrar with a request to exchange them for an equal principal amount of Notes of
other denominations, the Registrar shall make the exchange as requested if the same requirements are met. To permit registration of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Notes at the Registrar’s
request. The Company may require payment of a sum sufficient to pay all taxes, assessments or other governmental charges in connection with any transfer or exchange pursuant to this Section. The Company shall not be required to make, and the
Registrar need not register, transfers or exchanges of any Notes selected for redemption (except, in the case of Notes to be redeemed in part, the portion thereof not to be redeemed) or of any Notes for a period of fifteen (15) days before the
mailing of a notice of redemption of Notes to be redeemed. 
 Prior to the due presentation for registration of transfer of any Note, the
Company, the Guarantors, the Trustee, the Paying Agent and the Registrar may deem and treat the Person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest, if any,
on such Note and for all other purposes whatsoever, whether or not such Note is overdue, and none of the Company, the Guarantors, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

Any holder of a beneficial interest in a Global Note shall, by acceptance of such beneficial interest, agree that transfers of beneficial
interests in such Global Note may be effected only through a book-entry system maintained by (a) the holder of such Global Note (or its agent) or (b) any holder of a beneficial interest in such Global Note, and that ownership of a
beneficial interest in such Global Note shall be required to be reflected in a book entry. 
 All Notes issued upon any transfer or exchange
pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under
this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depository participants or beneficial owners of interests in any Global Note) other than to require delivery of
such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express
requirements hereof. 

  
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 None of the Trustee, Registrar or Paying Agent shall have any responsibility for any actions
taken or not taken by the Depository. 
 SECTION 2.08    Replacement Notes. If a mutilated Note is surrendered to
the Registrar or if the holder of a Note claims that the Note has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Note if the requirements of
Section 8-405 of the Uniform Commercial Code are met, such that the holder (a) satisfies the Company and the Trustee within a reasonable time after such holder has notice of such loss, destruction or
wrongful taking and the Registrar does not register a transfer prior to receiving such notification, (b) makes such request to the Company and the Trustee prior to the Note being acquired by a protected purchaser (as defined in Section 8-303 of the Uniform Commercial Code) (a “protected purchaser”) and (c) satisfies any other reasonable requirements of the Company and the Trustee. Such holder shall furnish an
indemnity bond sufficient in the judgment of the Trustee, with respect to the Trustee, and the Company, with respect to the Company, to protect the Company, the Trustee, the Paying Agent and the Registrar, as applicable, from any loss or liability
that any of them may suffer if a Note is replaced and subsequently presented or claimed for payment. The Company and the Trustee may charge the holder for their expenses in replacing a Note (including, without limitation, attorneys’ fees and
disbursements in replacing such Note). In the event any such mutilated, lost, destroyed or wrongfully taken Note has become or is about to become due and payable, the Company in its discretion may pay such Note instead of issuing a new Note in
replacement thereof. 
 Every replacement Note is an additional obligation of the Company. 

The provisions of this Section 2.08 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to
the replacement or payment of mutilated, lost, destroyed or wrongfully taken Notes. 
 SECTION 2.09    Outstanding
Notes. Notes outstanding at any time are all Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation and those described in this Section as not outstanding. Subject to Section 11.06, a Note
does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 
 If a Note is replaced pursuant to
Section 2.08 (other than a mutilated Note surrendered for replacement), it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Note is held by a protected purchaser. A mutilated Note
ceases to be outstanding upon surrender of such Note and replacement thereof pursuant to Section 2.08. 
 If a Paying Agent segregates
and holds in trust, in accordance with this Indenture, on a redemption date or maturity date money sufficient to pay all principal and interest payable on that date with respect to the Notes (or portions thereof) to be redeemed or maturing, as the
case may be, and no Paying Agent is prohibited from paying such money to the holders on that date pursuant to the terms of this Indenture, then on and after that date such Notes (or portions thereof) cease to be outstanding and interest on them
ceases to accrue. 
 SECTION 2.10    Cancellation. The Company at any time may deliver Notes to the Trustee for
cancellation. The Registrar and each Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Notes surrendered for registration of
transfer, exchange, payment or cancellation and shall dispose of canceled Notes in accordance with its customary procedures. The Company may not issue new Notes to replace Notes they have redeemed, paid or delivered to the Trustee for cancellation.
The Trustee shall not authenticate Notes in place of canceled Notes other than pursuant to the terms of this Indenture. 

  
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 SECTION 2.11    Defaulted Interest. If the Company defaults in a
payment of interest on the Notes, the Company shall pay the defaulted interest then borne by the Notes (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the
Persons who are holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each
affected holder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid. 
 SECTION
2.12    CUSIP Numbers, ISINs, Etc. The Company in issuing the Notes may use CUSIP numbers, ISINs and “Common Code” numbers (in each case, if then generally in use), and the Trustee shall use any such CUSIP
numbers, ISINs and “Common Code” numbers in notices of redemption as a convenience to holders; provided, however, that any such notice may state that no representation is made as to the correctness of such numbers, either as
printed on the Notes or as contained in any notice of a redemption, that reliance may be placed only on the other identification numbers printed on the Notes and that any such redemption shall not be affected by any defect in or omission of such
numbers. The Company shall advise the Trustee in writing of any change in any such CUSIP numbers, ISINs and “Common Code” numbers. 

SECTION 2.13    Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes, at any date
of determination, shall be the principal amount of the Notes at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the holders of a specified percentage of the principal amount of all the
Notes, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the holders of which have so consented, by (b) the aggregate principal
amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 11.06 of this Indenture. Any calculation of the Applicable Premium made pursuant to this
Indenture shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate. 
 ARTICLE III 

REDEMPTION 
 SECTION
3.01    Redemption. The Notes may be redeemed, in whole or from time to time in part, subject to the conditions and at the redemption prices set forth in Paragraph 5 of the form of Note set forth in Exhibit A
hereto, which is hereby incorporated by reference and made a part of this Indenture, together with accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of holders of record on the relevant Record Date to
receive interest due on the relevant Interest Payment Date). 
 SECTION 3.02    Applicability of Article.
Redemption of Notes at the election of the Company or otherwise, as permitted or required by any provision of this Indenture, shall be made in accordance with such provision and this Article III. 

SECTION 3.03    Notices to Trustee. If the Company elects to redeem Notes pursuant to the optional redemption
provisions of Paragraph 5 of the Notes, the Company shall notify the Trustee in an Officers’ Certificate of (i) the Section of this Indenture pursuant to which the redemption shall occur, (ii) the redemption date, (iii) the
principal amount of Notes to be redeemed and (iv) the redemption price. The Company shall give notice to the Trustee provided for in this paragraph at least 30 days but not more than 60 days before a redemption date if the redemption is a
redemption pursuant to Paragraph 5 of the Notes. Subject to the notice requirement set forth in Section 3.05(b), the Company may also include a 

  
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request in such Officers’ Certificate that the Trustee give the notice of redemption in the Company’s name and at its expense and setting forth the information to be stated in such
notice as provided in Section 3.05(a). Any such notice may be canceled if written notice from the Company of such cancellation is actually received by the Trustee on the Business Day immediately prior to notice of such redemption being mailed
to any holder or otherwise delivered in accordance with the applicable procedures of the Depository and shall thereby be void and of no effect. The Company shall deliver to the Trustee such documentation and records as shall enable the Trustee to
select the Notes to be redeemed pursuant to Section 3.04. 
 SECTION 3.04    Selection of Notes to Be
Redeemed. In the case of any partial redemption, selection of the Notes for redemption will be made by the Trustee in compliance with the requirements of the principal securities exchange, if any, on which the Notes are listed (and the Company
shall notify the Trustee of any such listing), or if the Notes are not so listed, on a pro rata basis to the extent practicable or by lot or by such other method as the Trustee shall deem fair and appropriate (and, in such manner that complies with
the requirements of the Depository, if applicable); provided that no Notes of $2,000 (and integral multiples of $1,000 in excess thereof) or less shall be redeemed in part. The Trustee shall make the selection from outstanding Notes not
previously called for redemption. The Trustee may select for redemption portions of the principal of Notes that have denominations larger than $2,000. Notes and portions of them the Trustee selects shall be in amounts of $2,000 or integral multiples
of $1,000 in excess thereof. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The Trustee shall notify the Company promptly of the Notes or portions of Notes to be
redeemed. 
 SECTION 3.05    Notice of Optional Redemption. 

(a)    At least 30 but not more than 60 days before a redemption date pursuant to Paragraph 5 of the Notes, the Company
shall mail (or cause to be mailed) by first-class mail, or delivered electronically if the Notes are held by the Depository, a notice of redemption to each holder whose Notes are to be redeemed at its registered address or otherwise in accordance
with the applicable procedures of the Depositary (with a copy to the Trustee), except that redemption notices may be mailed or otherwise delivered more than 60 days prior to the redemption date if the notice is (a) issued in connection with a
defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Article VIII or (b) subject to one or more conditions precedent and such redemption date is delayed until such time as any or all such conditions shall be
satisfied (or waived by the Company in its sole discretion). 
 Any such notice shall identify the Notes to be redeemed and shall state:

 (i)    the redemption date; 

(ii)    the redemption price and the amount of accrued and unpaid interest, if any, to, but excluding, the
redemption date; 
 (iii)    the name and address of the Paying Agent; 

(iv)    that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption
price, plus accrued and unpaid interest, if any; 
 (v)    the aggregate principal amount of Notes to be
redeemed and, if fewer than all the outstanding Notes are to be redeemed, the certificate numbers and principal amounts of the particular Notes to be redeemed and the aggregate principal amount of Notes to be outstanding after such partial
redemption; 

  
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 (vi)    that, unless the Company defaults in making such
redemption payment or the Paying Agent is prohibited from making such payment pursuant to the terms of this Indenture, interest on Notes (or portion thereof) called for redemption ceases to accrue on and after the redemption date; 

(vii)    the CUSIP number, ISIN and/or “Common Code” number, if any, printed on the Notes being
redeemed; 
 (viii)    that no representation is made as to the correctness or accuracy of the CUSIP
number or ISIN and/or “Common Code” number, if any, listed in such notice or printed on the Notes; and 

(ix)    if the redemption is conditioned upon any subsequent event, a description of such condition or
event. 
 (b)    At the Company’s request, the Trustee shall deliver the notice of redemption in the Company’s
name and at the Company’s expense. In such event, the Company shall notify the Trustee of such request at least seven (7) Business Days (or such shorter period as is acceptable to the Trustee) prior to the date such notice is to be
provided to holders. 
 SECTION 3.06    Effect of Notice of Redemption. Once notice of redemption is mailed or
otherwise delivered in accordance with Section 3.05, Notes called for redemption become due and payable on the redemption date and at the redemption price stated in such notice, except as provided in the final paragraph of Paragraph 5 of
the Notes. Upon surrender to the Paying Agent, such Notes shall be paid at the redemption price stated in the notice, plus accrued and unpaid interest, if any, to, but excluding, the redemption date; provided, however, that if
the redemption date is after a regular Record Date and on or prior to the next Interest Payment Date, the accrued interest shall be payable to the holder of the redeemed Notes registered on the relevant Record Date. Failure to give notice or any
defect in the notice to any holder shall not affect the validity of the notice to any other holder. 
 SECTION
3.07    Deposit of Redemption Price. With respect to any Notes, prior to 10:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent (or, if the Company or any of its wholly
owned domestically organized Subsidiaries is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the redemption price of and accrued and unpaid interest, if any, on all Notes or portions thereof to be redeemed on that date
other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation. On and after the redemption date, interest shall cease to accrue on Notes or portions thereof called for redemption
so long as the Company has deposited with the Paying Agent funds sufficient to pay the redemption price of, plus accrued and unpaid interest, if any, on, the Notes or portions thereof to be redeemed, unless the Paying Agent is prohibited from
making such payment pursuant to the terms of this Indenture. 
 SECTION 3.08    Notes Redeemed in Part. If any
Note is to be redeemed in part only, the notice of redemption relating to such Note shall state the portion of the principal amount thereof to be redeemed. Upon surrender and cancellation of a Note that is redeemed in part, the Company shall execute
and the Trustee shall authenticate for the holder (at the Company’s expense) a new Note in the name of the holder equal in principal amount to the unredeemed portion of the Note surrendered and cancelled. 

SECTION 3.09    Special Mandatory Redemption. In the event that (a) the Escrow Agent and the Trustee shall not
have received, on or prior to 5:00 p.m., New York City time, on the Outside Date, an officer’s certificate (in the form attached to the Escrow Agreement as an exhibit) from the Escrow Issuer certifying that the conditions to the Escrow Release
set forth in the Escrow Agreement will be met 

  
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substantially concurrently with or promptly following the Escrow Release or (b) the Escrow Issuer shall notify the Escrow Agent and the Trustee in writing that the Escrow Issuer has
determined that the Escrow Release Date will not occur on or prior to the Outside Date and/or that the Acquisition Agreement has been terminated (each such event described in clauses (a) and (b) above being referred to herein as a
“Special Mandatory Redemption Event”), the Escrow Issuer will redeem all of the Notes (the “Special Mandatory Redemption”) at a price (the “Special Mandatory Redemption Price”) equal to 100.0% of
the principal amount of the Notes plus accrued and unpaid interest, if any, from the Issue Date to, but not including, the date of such redemption (the “Special Mandatory Redemption Date”), which shall be the third Business Day
following the Special Mandatory Redemption Event. On the Business Day following the Special Mandatory Redemption Event, the Escrow Issuer (or the Trustee upon the written request of and at the expense of the Escrow Issuer) shall deliver a notice of
redemption in accordance with the applicable procedures of the Depository to each holder of Notes that the entire principal amount outstanding of the Notes shall be redeemed at the Special Mandatory Redemption Price on the Special Mandatory
Redemption Date. 
 ARTICLE IV 

COVENANTS 
 SECTION
4.01    Payment of Notes. The Company shall promptly pay the principal of and interest on the Notes on the dates and in the manner provided in the Notes and in this Indenture. An installment of principal of or interest
shall be considered paid on the date due if on such date the Trustee or the Paying Agent holds as of 10:00 a.m., New York City time, money sufficient to pay all principal and interest then due and the Trustee or the Paying Agent, as the case may be,
is not prohibited from paying such money to the holders on that date pursuant to the terms of this Indenture. 
 The Company shall pay
interest on overdue principal at the rate specified therefor in the Notes, and it shall pay interest on overdue installments of interest at the same rate borne by the Notes to the extent lawful. 

SECTION 4.02    Reports and Other Information. 

(a)    Whether or not required by the rules and regulations of the SEC, so long as any Notes are outstanding, the Company
will furnish to the holders (with a copy to the Trustee), within the time by which the Company would be required to file such information or reports with the SEC if it were subject to Section 13 or 15(d) of the Exchange Act as a non-accelerated filer: 
 (i)    all quarterly and annual information
that would be required to be contained in reports on Forms 10-Q and 10-K (or any successor or comparable form) required to be filed with the SEC if MCC were required to
file such reports, including a “Management’s discussion and analysis of financial condition and results of operations” and, with respect to the annual information only, a report on the annual financial statements by MCC’s
independent registered public accounting firm; and 
 (ii)    all current reports that would be required
to be filed with the SEC on Form 8-K (or any successor or comparable form) if MCC were required to file such reports. 

(b)    In the event that: 

(i)    the rules and regulations of the SEC permit the Company and any direct or indirect parent of the
Company to report at such parent entity’s level on a consolidated basis and such parent entity is not engaged in any business in any material respect other than incidental to its ownership, directly or indirectly, of the capital stock of the
Company, or 

  
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 (ii)    any direct or indirect parent of the Company is or
becomes a Guarantor of the Notes, 
 consolidating reporting at the parent entity’s level in a manner consistent with that described in this
Section 4.02 for the Company will satisfy this Section 4.02, and the Company is permitted to satisfy its obligations in this Section 4.02 with respect to financial information relating to MCC by furnishing financial information
relating to such direct or indirect parent; provided that such financial information is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to such direct or indirect
parent and any of its Subsidiaries other than the Company and its Subsidiaries, on the one hand, and the information relating to the Company, the Guarantors and the other Subsidiaries of the Company on a stand-alone basis, on the other hand. 

(c)    In addition, the Company shall, for so long as any Notes remain outstanding during any period when it is not
subject to Section 13 or 15(d) of the Exchange Act, or otherwise permitted to furnish the SEC with the information required by this Section 4.02, furnish to the holders of the Notes, to bona fide prospective investors, market makers
affiliated with any Initial Purchaser of the Notes, and any bona fide securities analyst, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. The Company may satisfy its obligation to
furnish such information by making such information available electronically (including by posting to a non-public, password-protected website maintained by the Company or a third party) to any holder, bona
fide prospective investor, market maker affiliated with any Initial Purchaser of the Notes or bona fide securities analyst, in each case, who provides to the Company its email address, employer name and other information reasonably requested by the
Company. For purposes of this Section 4.02, any prospective investor or securities analyst shall be deemed “bona fide” if it certifies it is “bona fide.” The Company has further agreed, for so long as any Notes remain
outstanding during any period when it is not subject to Section 13 or 15(d) of the Exchange Act, or otherwise permitted to furnish the SEC with the information required by this Section 4.02, within fifteen (15) Business Days after
furnishing to the Trustee the annual and quarterly reports required by Sections 4.02(a)(i) and (ii), to hold a conference call to discuss with holders such reports and the results of operations for the relevant reporting period. 

(d)    Notwithstanding the foregoing, the Company will be deemed to have furnished the reports referred to in this
Section 4.02 to the Trustee and the holders if the Company has filed such reports with the SEC via the EDGAR filing system (or successor electronic filing system) and such reports are publicly available, it being understood that the Trustee
shall have no responsibility to determine if such information is publicly available. 
 (e)    Delivery of such reports,
information and documents to the Trustee pursuant to this Section 4.02 is for informational purposes only. 
 SECTION
4.03    Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. 

(a)    (i) The Company shall not, and shall not permit any of the Restricted Subsidiaries to, directly or indirectly, Incur
any Indebtedness (including Acquired Indebtedness) or issue any shares of Disqualified Stock; and (ii) the Company shall not permit any of the Restricted Subsidiaries to issue any shares of Preferred Stock; provided, however, that
the Company and any Restricted Subsidiary may Incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock, and any Restricted Subsidiary may issue shares of Preferred Stock, in each case if the Fixed Charge Coverage
Ratio of the 

  
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Company for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is
Incurred or such Disqualified Stock or Preferred Stock is issued would have been at least 2.00 to 1.00 determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness
had been Incurred, or the Disqualified Stock or Preferred Stock had been issued, as the case may be, and the application of proceeds therefrom had occurred at the beginning of such four-quarter period; provided that the then outstanding
aggregate principal amount of Indebtedness (including Acquired Indebtedness), Disqualified Stock and Preferred Stock that may be Incurred pursuant to this paragraph by Restricted Subsidiaries that are not Guarantors shall not exceed the greater of
$100.0 million and 5.0% of Total Assets. 
 (b)    The limitations set forth in Section 4.03(a) shall not
apply to: 
 (i)    the Incurrence by the Company or any Restricted Subsidiary of Credit Facility
Indebtedness (including under any Credit Agreement and the issuance and creation of letters of credit and bankers’ acceptances thereunder) up to an aggregate principal amount outstanding at the time of Incurrence that, together with any
Indebtedness Incurred pursuant to Section 4.03(b)(xxv) and together with any Refinancing Indebtedness in respect of amounts originally Incurred under this clause (i) that are Incurred pursuant to clause (xv) below, does not exceed the
greater of (x) the sum of (i) $1,050.0 million plus (ii) the greater of $300.0 million and 100% of EBITDA of the Company for the most recently ended four full fiscal quarters for which internal financial statements are
available and (y) an amount of Secured Indebtedness, such that, as of the date such Credit Facility Indebtedness was Incurred, on a pro forma basis, the Consolidated Secured Leverage Ratio of the Company does not exceed 4.00 to
1.00; 
 (ii)    the Incurrence by (x) the Escrow Issuer on the Issue Date of Indebtedness
represented by the Initial Notes and (y) the Company and the Guarantors of Indebtedness (following the Assumption, if applicable) represented by the Initial Notes and the Guarantees; 

(iii)    Indebtedness existing on the Issue Date (other than Indebtedness described in clauses (i) and
(ii) of this Section 4.03(b)), including the 2022 Notes and the guarantees in respect thereof; 

(iv)    Indebtedness (including Capitalized Lease Obligations) Incurred by the Company or any Restricted
Subsidiary, Disqualified Stock issued by the Company or any Restricted Subsidiary and Preferred Stock issued by any Restricted Subsidiary to finance (whether prior to or within 270 days after) the acquisition, lease, construction, installation,
repair, replacement or improvement of property (real or personal) or equipment (whether through the direct purchase of assets or the Capital Stock of any Person owning such assets) and Attributable Debt in respect of any sale and leaseback
arrangements not in violation of this Indenture in an aggregate principal amount that, when aggregated with the principal amount or liquidation preference of all other Indebtedness, Disqualified Stock or Preferred Stock then outstanding and Incurred
pursuant to this clause (iv), together with any Refinancing Indebtedness in respect thereof Incurred pursuant to clause (xv) below, does not exceed the greater of (x) $100.0 million and (y) 5.0% of Total Assets at the time of Incurrence,
at any one time outstanding (plus, in the case of any Refinancing Indebtedness, the Additional Refinancing Amount); 

(v)    Indebtedness Incurred by the Company or any Restricted Subsidiary constituting reimbursement
obligations with respect to letters of credit and bank guarantees issued in the ordinary course of business, including, without limitation, letters of credit in respect of workers’ compensation claims, health, disability or other benefits to
employees or former employees or 

  
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their families or property, casualty or liability insurance or self-insurance, and letters of credit in connection with the maintenance of, or pursuant to the requirements of, environmental law
or permits or licenses from governmental authorities, or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims; 

(vi)    Indebtedness arising from agreements of the Company or any Restricted Subsidiary providing for
indemnification, adjustment of acquisition or purchase price or similar obligations (including earn-outs), in each case, Incurred or assumed in connection with the Transactions, any Investments or any acquisition or disposition of any business,
assets or a Subsidiary not prohibited by this Indenture, other than guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Subsidiary for the purpose of financing such acquisition; 

(vii)    Indebtedness of the Company to a Restricted Subsidiary; provided that (except in respect of
intercompany current liabilities Incurred in the ordinary course of business in connection with the cash management, tax and accounting operations of the Company and its Subsidiaries) any such Indebtedness owed to a Restricted Subsidiary that is not
a Guarantor is subordinated in right of payment to the obligations of the Company under the Notes; provided, further, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted
Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien but not the transfer
thereof upon foreclosure) shall be deemed, in each case, to be an Incurrence of such Indebtedness not permitted by this clause (vii); 

(viii)    shares of Preferred Stock of a Restricted Subsidiary issued to the Company or another Restricted
Subsidiary; provided that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary that holds such shares of Preferred Stock of another Restricted Subsidiary ceasing to be a
Restricted Subsidiary or any other subsequent transfer of any such shares of Preferred Stock (except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to be an issuance of shares of Preferred Stock not permitted by this
clause (viii); 
 (ix)    Indebtedness of a Restricted Subsidiary to the Company or another Restricted
Subsidiary; provided that if a Guarantor Incurs such Indebtedness to a Restricted Subsidiary that is not a Guarantor (except in respect of intercompany current liabilities Incurred in the ordinary course of business in connection with the
cash management, tax and accounting operations of the Company and its Subsidiaries), such Indebtedness is subordinated in right of payment to the Guarantee of such Guarantor; provided, further, that any subsequent issuance or transfer
of any Capital Stock or any other event which results in any Restricted Subsidiary holding such Indebtedness ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Company or another Restricted
Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien but not the transfer thereof upon foreclosure) shall be deemed, in each case, to be an Incurrence of such Indebtedness not permitted by this clause (ix); 

(x)    Hedging Obligations that are not Incurred for speculative purposes and extensions or replacements
thereof; 
 (xi)    obligations (including reimbursement obligations with respect to letters of credit,
bank guarantees, warehouse receipts and similar instruments) in respect of performance, indemnity, bid, appeal and surety bonds, completion guarantees and similar obligations provided by the Company or any Restricted Subsidiary in the ordinary
course of business or consistent with past practice or industry practice; 

  
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 (xii)    Indebtedness or Disqualified Stock of the Company or
Indebtedness, Disqualified Stock or Preferred Stock of any Restricted Subsidiary in an aggregate principal amount or liquidation preference at any time outstanding, which when aggregated with the principal amount or liquidation preference of all
other Indebtedness, Disqualified Stock and Preferred Stock then outstanding and Incurred pursuant to this clause (xii), together with any Refinancing Indebtedness in respect thereof incurred pursuant to clause (xv) below, does not exceed the
greater of (x) $100.0 million and (y) 5.0% of Total Assets at the time of Incurrence (plus, in the case of any Refinancing Indebtedness, the Additional Refinancing Amount) (it being understood that any Indebtedness Incurred pursuant to this
clause (xii) shall cease to be deemed Incurred or outstanding for purposes of this clause (xii) but shall be deemed Incurred for purposes of Section 4.03(a) from and after the first date on which the Company, or the Restricted
Subsidiary, as the case may be, could have Incurred such Indebtedness under Section 4.03(a) without reliance upon this clause (xii); 

(xiii)    Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary and Preferred
Stock of any Restricted Subsidiary in an aggregate principal amount or liquidation preference at any time outstanding, together with Refinancing Indebtedness in respect thereof Incurred pursuant to clause (xv) hereof, not greater than 100.0% of
the net cash proceeds received by the Company and the Restricted Subsidiaries since immediately after the Issue Date from the issue or sale of Equity Interests of the Company or any direct or indirect parent entity of the Company (which proceeds are
contributed to the Company or a Restricted Subsidiary) or cash contributed to the capital of the Company (in each case other than proceeds of Disqualified Stock or sales of Equity Interests to, or contributions received from the Company or any of
its Subsidiaries) to the extent such net cash proceeds or cash have not been applied to make Restricted Payments or to make other Investments, payments or exchanges pursuant to Section 4.04(b) or to make Permitted Investments (other than
Permitted Investments specified in clauses (1) and (3) of the definition thereof) (plus, in the case of any Refinancing Indebtedness, the Additional Refinancing Amount) (it being understood that any Indebtedness Incurred pursuant to this clause
(xiii) shall cease to be deemed Incurred or outstanding for purposes of this clause (xiii) but shall be deemed Incurred for the purposes of Section 4.03(a) from and after the first date on which the Company, or the Restricted
Subsidiaries, as the case may be, could have Incurred such Indebtedness under Section 4.03(a) without reliance upon this clause (xiii)); 

(xiv)    any guarantee by the Company or any Restricted Subsidiary of Indebtedness or other obligations of
the Company or any Restricted Subsidiary so long as the Incurrence of such Indebtedness Incurred by the Company or such Restricted Subsidiary is permitted under the terms of this Indenture; provided that (A) if such Indebtedness is by
its express terms subordinated in right of payment to the Notes or the Guarantee of such Restricted Subsidiary, as applicable, any such guarantee with respect to such Indebtedness shall be subordinated in right of payment to the Notes or such
Guarantee, as applicable, substantially to the same extent as such Indebtedness is subordinated to the Notes or the Guarantee, as applicable, and (B) if such guarantee is of Indebtedness of the Company, such guarantee is Incurred in accordance
with, or not in contravention of, Section 4.11 solely to the extent Section 4.11 is applicable; 

(xv)    the Incurrence by the Company or any Restricted Subsidiary of Indebtedness, the issuance by the
Company or any Restricted Subsidiary of Disqualified Stock, or the issuance by any Restricted Subsidiary of Preferred Stock, that serves to refund, refinance, extend, renew, repay, prepay, purchase, redeem, defease or otherwise retire any
Indebtedness Incurred or Disqualified Stock or Preferred Stock issued as permitted under Section 4.03(a), this clause (xv) and 

  
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clauses (i), (ii), (iii), (iv), (xii), (xiii) and (xvi) of this Section 4.03(b) up to the outstanding principal amount (or, if applicable, the liquidation preference, face amount, or
the like) or, if greater, committed amount (only to the extent the committed amount could have been Incurred on the date of initial Incurrence and was deemed Incurred at such time for the purposes of this Section 4.03) of such Indebtedness or
Disqualified Stock or Preferred Stock, in each case at the time such Indebtedness was Incurred or Disqualified Stock or Preferred Stock was issued pursuant to Section 4.03(a), this clause (xv) or clauses (i), (ii), (iii), (iv), (xii),
(xiii) and (xvi) of this Section 4.03(b), or any Indebtedness Incurred or Disqualified Stock or Preferred Stock issued to so refund, refinance, extend, renew, repay, prepay, purchase, redeem, defease or otherwise retire such Indebtedness,
Disqualified Stock or Preferred Stock, plus any additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay premiums (including tender premiums), accrued and unpaid interest, expenses, defeasance costs and fees in connection
therewith (subject to the following proviso, “Refinancing Indebtedness”) prior to its respective maturity; provided, however, that such Refinancing Indebtedness: 

(1)    has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is Incurred which
is not less than the remaining Weighted Average Life to Maturity of the Indebtedness, Disqualified Stock or Preferred Stock being refunded, refinanced or defeased; 

(2)    to the extent such Refinancing Indebtedness refinances (a) Indebtedness junior to the Notes or
a Guarantee, as applicable, such Refinancing Indebtedness is junior to the Notes or the Guarantee, as applicable, or (b) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness is Disqualified Stock or Preferred Stock; and 

(3)    shall not include (x) Indebtedness of a Restricted Subsidiary that is not a Guarantor that
refinances Indebtedness of the Company or a Guarantor, or (y) Indebtedness of the Company or a Restricted Subsidiary that refinances Indebtedness of an Unrestricted Subsidiary; 

(xvi)    Indebtedness, Disqualified Stock or Preferred Stock of Persons that are acquired by the Company or
any Restricted Subsidiary or are merged, consolidated or amalgamated with or into the Company or any Restricted Subsidiary in accordance with the terms of this Indenture (so long as such Indebtedness is not Incurred in contemplation of such
acquisition, merger, consolidation or amalgamation); provided that after giving effect to such acquisition or merger, consolidation or amalgamation, either: 

(1)    the Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the
Fixed Charge Coverage Ratio test set forth in Section 4.03(a); or 
 (2)    the Fixed Charge
Coverage Ratio of the Company would be greater than immediately prior to such acquisition or merger, consolidation or amalgamation; 

(xvii)    Indebtedness Incurred by a Securitization Subsidiary in a Qualified Securitization Financing that
is not recourse to the Company or any Restricted Subsidiary other than a Securitization Subsidiary (except for Standard Securitization Undertakings); 

(xviii)    Indebtedness arising from the honoring by a bank or other financial institution of a check,
draft or similar instrument drawn against insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within five (5) Business Days of its Incurrence; 

  
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 (xix)    Indebtedness of the Company or any Restricted
Subsidiary supported by a letter of credit or bank guarantee issued pursuant to Credit Facility Indebtedness, in a principal amount not in excess of the stated amount of such letter of credit; 

(xx)    Indebtedness of Foreign Subsidiaries in an aggregate amount not to exceed $100.0 million at
any time outstanding; 
 (xxi)    Indebtedness of the Company or any Restricted Subsidiary consisting of
(A) the financing of insurance premiums or (B) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business; 

(xxii)    Indebtedness consisting of Indebtedness of the Company or a Restricted Subsidiary to current or
former officers, directors and employees thereof or any direct or indirect parent thereof, their respective estates, spouses or former spouses, in each case to finance the purchase or redemption of Equity Interests of the Company or any direct or
indirect parent of the Company to the extent described in Section 4.04(b)(iv); 

(xxiii)    Indebtedness in respect of Obligations of the Company or any Restricted Subsidiary to pay the
deferred purchase price of goods or services or progress payments in connection with such goods and services; provided that such obligations are Incurred in connection with open accounts extended by suppliers on customary trade terms in the
ordinary course of business and not in connection with the borrowing of money or any Hedging Obligations; 

(xxiv)    to the extent constituting Indebtedness, obligations of the Company and the Restricted
Subsidiaries arising under cash management agreements and cash pooling arrangements entered into in the ordinary course of business; 

(xxv)    to the extent constituting Indebtedness, obligations Incurred in connection with the disposition
by the Company and/or any Restricted Subsidiary of Subject Receivables or any account receivable in connection with a factoring or other similar arrangements; provided that the aggregate amount of such obligations shall not exceed in any
fiscal year 20% of the projected aggregate net revenue of the Company and its Subsidiaries on a consolidated basis for such fiscal year on a pro forma basis; 

(xxvi)    Indebtedness representing deferred compensation to employees to the Company or any Restricted
Subsidiary Incurred in the ordinary course of business; 
 (xxvii)    Indebtedness to the extent that the
net proceeds thereof are promptly deposited to defease or to satisfy and discharge the Notes and this Indenture; and 

(xxviii)    Indebtedness not otherwise permitted by this Section 4.03(b) to the extent securing
liabilities not in excess of $10.0 million, in the aggregate. 
 (c)    For purposes of determining compliance with
this Section 4.03, in the event that an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) meets the criteria of more than one of the categories of permitted Indebtedness described in clauses (i) through
(xxviii) of Section 4.03(b) above or is entitled to be Incurred pursuant to Section 4.03(a), then the Company may, in its sole discretion, classify or reclassify, and later divide, classify or reclassify (as if Incurred at such later
time), 

  
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such item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) in any manner that complies with this Section 4.03; provided that Indebtedness outstanding
under the Credit Agreement on the Issue Date shall be deemed Incurred under clause (i) of Section 4.03(b) above. 
 Accrual of
interest, the accretion of accreted value, the payment of interest or dividends in the form of additional Indebtedness, Disqualified Stock or Preferred Stock, as applicable, amortization of original issue discount, the accretion of liquidation
preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies will not be deemed to be an Incurrence of Indebtedness, Disqualified Stock or Preferred Stock for purposes of
this Section 4.03. Guarantees of, or obligations in respect of letters of credit relating to, Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included in the determination of
such amount of Indebtedness; provided that the Incurrence of the Indebtedness represented by such guarantee or letter of credit, as the case may be, was in compliance with this Section 4.03. 

For purposes of determining compliance with any Dollar-denominated restriction on the Incurrence of Indebtedness, the Dollar-equivalent
principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term debt, or first committed or first Incurred
(whichever yields the lower Dollar equivalent), in the case of revolving credit debt. However, if the Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and the refinancing would cause the applicable
Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of the refinancing, the Dollar-denominated restriction will be deemed not to have been exceeded so long as the principal amount
of the refinancing Indebtedness does not exceed the principal amount of the Indebtedness being refinanced. 
 Notwithstanding any other
provision of this Section 4.03, the maximum amount of Indebtedness that the Company and the Restricted Subsidiaries may Incur pursuant to this Section 4.03 shall not be deemed to be exceeded, with respect to any outstanding Indebtedness,
solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, will be calculated
based on the currency exchange rate applicable to the currencies in which the respective Indebtedness is denominated that is in effect on the date of the refinancing. 

SECTION 4.04    Limitation on Restricted Payments. 

(a)    The Company shall not, and shall not permit any of the Restricted Subsidiaries to, directly or indirectly: 

(i)    declare or pay any dividend or make any distribution on account of any of the Company’s or any
of the Restricted Subsidiaries’ Equity Interests, including any payment made in connection with any merger, amalgamation or consolidation involving the Company (other than (A) dividends or distributions payable solely in Equity Interests
(other than Disqualified Stock) of the Company; or (B) dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or distribution payable on or in respect of any class or series of securities issued by a
Restricted Subsidiary that is not a Wholly Owned Restricted Subsidiary, the Company or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its Equity Interests in such class or series of
securities); 
 (ii)    purchase or otherwise acquire or retire for value any Equity Interests of the
Company or any direct or indirect parent of the Company held by Persons other than the Company or a Restricted Subsidiary; 

  
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 (iii)    make any principal payment on, or redeem,
repurchase, defease or otherwise acquire or retire for value, in each case prior to any scheduled repayment or scheduled maturity, any Subordinated Indebtedness of the Company or any Guarantor (other than the payment, redemption, repurchase,
defeasance, acquisition or retirement of (A) Subordinated Indebtedness in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such payment, redemption,
repurchase, defeasance, acquisition or retirement and (B) Indebtedness permitted under clauses (vii) and (ix) of Section 4.03(b)); or 

(iv)    make any Restricted Investment 

(all such payments and other actions set forth in clauses (i) through (iv) above being collectively referred to as “Restricted
Payments”), unless, at the time of such Restricted Payment: 
 (1)    no Default or Event of
Default shall have occurred and be continuing or would occur as a consequence thereof; 

(2)    immediately after giving effect to such transaction on a pro forma basis, the Company could
Incur $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.03(a); and 

(3)    such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by
the Company and the Restricted Subsidiaries after the 2022 Notes Issue Date (including Restricted Payments permitted by clauses (vi)(C), (viii), (xii)(B) and (xix) of Section 4.04(b) (or by the equivalent provisions of the 2022 Notes
Indenture), but excluding all other Restricted Payments permitted by Section 4.04(b)), is less than the amount equal to the Cumulative Credit. 

(b)    The provisions of Section 4.04(a) shall not prohibit: 

(i)    the payment of any dividend or distribution or the consummation of any irrevocable redemption within
sixty (60) days after the date of declaration thereof, if at the date of declaration or the giving notice of such irrevocable redemption, as applicable, such payment would have complied with the provisions of this Indenture; 

(ii)    (A) the redemption, repurchase, retirement or other acquisition of any Equity Interests
(“Retired Capital Stock”) or Subordinated Indebtedness of the Company, any direct or indirect parent of the Company or any Guarantor in exchange for, or out of the proceeds of, the substantially concurrent sale of, Equity Interests
of the Company or any direct or indirect parent of the Company or contributions to the equity capital of the Company (other than any Disqualified Stock or any Equity Interests sold to the Company or a Subsidiary of the Company) (collectively,
including any such contributions, “Refunding Capital Stock”); 
 (B)    the declaration
and payment of dividends on the Retired Capital Stock out of the proceeds of the substantially concurrent sale (other than to a Subsidiary of the Company) of Refunding Capital Stock; and 

(C)    if immediately prior to the retirement of Retired Capital Stock, the declaration and payment of
dividends thereon was permitted under clause (vi) of this Section 4.04(b) and not made pursuant to clause (ii)(B), the declaration and payment of dividends on the Refunding Capital Stock (other than Refunding Capital Stock the proceeds of
which were used to redeem, repurchase, retire or otherwise acquire any Equity Interests of any direct or indirect parent of the Company) 

  
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in an aggregate amount per year no greater than the aggregate amount of dividends per annum that were declarable and payable on such Retired Capital Stock immediately prior to such retirement;

 (iii)    the payment, prepayment, refinancing, redemption, repurchase, defeasance, or other
acquisition or retirement of Subordinated Indebtedness of the Company or any Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the Company or a Guarantor, which is Incurred in
accordance with Section 4.03 so long as: 
 (A)    the principal amount (or accreted value, if
applicable) of such new Indebtedness does not exceed the principal amount (or accreted value, if applicable), plus any accrued and unpaid interest, of the Subordinated Indebtedness being so redeemed, repurchased, defeased, acquired or retired
for value (plus the amount of any premium required to be paid under the terms of the instrument governing the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired, plus any tender premiums, plus any
defeasance costs, fees and expenses incurred in connection therewith), 
 (B)    such Indebtedness is
subordinated to the Notes or the related Guarantee of such Guarantor, as the case may be, at least to the same extent as such Subordinated Indebtedness so purchased, exchanged, redeemed, repurchased, defeased, acquired or retired for value, 

(C)    such Indebtedness has a final scheduled maturity date equal to or later than the earlier of
(x) the final scheduled maturity date of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) 91 days following the last maturity date of any Notes then outstanding, and 

(D)    such Indebtedness has a Weighted Average Life to Maturity at the time Incurred which is not less
than the remaining Weighted Average Life to Maturity of the Subordinated Indebtedness being so redeemed, repurchased, defeased, acquired or retired; 

(iv)    a Restricted Payment to pay for the repurchase, retirement or other acquisition for value of Equity
Interests of the Company or any direct or indirect parent of the Company held by any future, present or former employee, director, officer or consultant of the Company or any Subsidiary of the Company or any direct or indirect parent of the Company
pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or other agreement or arrangement; provided, however, that the aggregate amount of Restricted Payments made under this clause
(iv) does not exceed $10.0 million in any calendar year, with unused amounts in any calendar year being permitted to be carried over to the next succeeding calendar year (but not to any subsequent calendar year); provided,
further, however, that such amount in any calendar year may be increased by an amount not to exceed: 

(A)    the cash proceeds received by the Company or any of the Restricted Subsidiaries from the sale of
Equity Interests (other than Disqualified Stock) of the Company or any direct or indirect parent of the Company (to the extent contributed to the Company) to employees, directors, officers or consultants of the Company and the Restricted
Subsidiaries or any direct or indirect parent of the Company that occurs after the Escrow Release Date (provided that the amount of such cash proceeds utilized for any such repurchase, retirement, other acquisition or dividend will not
increase the amount available for Restricted Payments under Section 4.04(a)(iii)), plus 

  
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 (B)    the cash proceeds of key man life insurance policies
received by the Company or any direct or indirect parent of the Company (to the extent contributed to the Company) or the Restricted Subsidiaries after the Issue Date; 

provided that the Company may elect to apply all or any portion of the aggregate increase contemplated by clauses (A) and (B) above
in any calendar year; and provided, further, that cancellation of Indebtedness owing to the Company or any Restricted Subsidiary from any present or former employees, directors, officers or consultants of the Company, any Restricted
Subsidiary or any direct or indirect parent of the Company in connection with a repurchase of Equity Interests of the Company or any of its direct or indirect parents will not be deemed to constitute a Restricted Payment for purposes of this
Section 4.04 or any other provision of this Indenture; 
 (v)    the declaration and payment of
dividends or distributions to holders of any class or series of Disqualified Stock of the Company or any Restricted Subsidiary issued in accordance with Section 4.03; 

(vi)    (A) the declaration and payment of dividends or distributions to holders of any class or
series of Designated Preferred Stock (other than Disqualified Stock) issued after the Escrow Release Date; 

(B)    a Restricted Payment to any direct or indirect parent of the Company, the proceeds of which will be
used to fund the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) of any direct or indirect parent of the Company issued after the Issue Date; provided that the aggregate
amount of dividends declared and paid pursuant to this subclause (B) does not exceed the net cash proceeds actually received by the Company from any such sale of Designated Preferred Stock (other than Disqualified Stock) issued after the Issue
Date; and 
 (C)    the declaration and payment of dividends on Refunding Capital Stock that is Preferred
Stock in excess of the dividends declarable and payable thereon pursuant to Section 4.04(b)(ii); provided, however, in the case of each of subclauses (A) and (C) of this clause (vi), that for the most recently ended four full
fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such Designated Preferred Stock, after giving effect to such issuance (and the payment of dividends or distributions and treating
such Designated Preferred Stock as Indebtedness for borrowed money for such purpose) on a pro forma basis (including a pro forma application of the net proceeds therefrom), the Company would have had a Fixed Charge Coverage Ratio of at
least 2.00 to 1.00; 
 (vii)    Investments in Unrestricted Subsidiaries having an aggregate Fair Market
Value (as determined in good faith by the Company), taken together with all other Investments made pursuant to this clause (vii) that are at that time outstanding, not to exceed the sum of (a) $100.0 million and (b) an amount equal to
any returns (including dividends, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) actually received in respect of any such Investment (with the Fair Market Value of each Investment being
measured at the time made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (vii) is made in any Person that is not the Company or a Restricted Subsidiary
at the date of the making of such Investment and such Person becomes the Company or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed 

  
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to have been made pursuant to clause (1) of the definition of “Permitted Investments” and shall cease to have been made pursuant to this clause (vii) for so long as such
Person continues to be the Company or a Restricted Subsidiary; 
 (viii)    the payment of dividends on
the Company’s common stock (or a Restricted Payment to any direct or indirect parent of the Company to fund the payment by such direct or indirect parent of the Company of dividends on such entity’s common stock) of up to the per annum
aggregate amount of $20.0 million; 
 (ix)    Restricted Payments that are made with (or in an
aggregate amount that does not exceed the aggregate amount of) Excluded Contributions; 
 (x)    other
Restricted Payments in an aggregate amount, when taken together with all other Restricted Payments made pursuant to this clause (x) that are at that time outstanding, not to exceed $50.0 million; 

(xi)    the distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed
to the Company or a Restricted Subsidiary by, Unrestricted Subsidiaries; 
 (xii)    any Restricted
Payment, if applicable: 
 (A)    in amounts required for any direct or indirect parent of the Company to
pay fees and expenses (including franchise or similar taxes) required to maintain its corporate existence, customary salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers and employees of any direct or indirect
parent of the Company and general corporate operating and overhead expenses of any direct or indirect parent of the Company, in each case, to the extent such fees and expenses are attributable to the ownership or operation of the Company and its
Subsidiaries; 
 (B)    in amounts required for any direct or indirect parent of the Company, if
applicable, to pay interest and/or principal on Indebtedness the proceeds of which have been contributed to the Company or any Restricted Subsidiary and that has been guaranteed by, or is otherwise considered Indebtedness of, the Company Incurred in
accordance with Section 4.03; 
 (C)    in amounts required for any direct or indirect parent of the
Company to pay fees and expenses related to any equity or debt offering of such parent (whether or not successful); and 

(D)    with respect to any taxable period for which the Company and/or any of its Subsidiaries are members
of a consolidated, combined or similar income tax group for applicable federal, state and/or local income tax purposes of which a direct or indirect parent of the Company is the common parent (a “Tax Group”), in amounts equal to the
portion of any consolidated, combined or similar federal, state and/or local income taxes (as applicable) of such Tax Group, for such taxable period, that is attributable to the income of the Company, the applicable Restricted Subsidiaries or, to
the extent of the amount actually received from its applicable Unrestricted Subsidiaries for such purpose, such Unrestricted Subsidiaries; provided that the amount of such payments with respect to any taxable period does not exceed the amount
that the Company, the applicable Restricted Subsidiaries and (to the extent described above) the applicable Unrestricted Subsidiaries would have been required to pay in respect of such federal, state and/or local income

  
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taxes for such taxable period had the Company, the applicable Restricted Subsidiaries and (to the extent described above) the applicable Unrestricted Subsidiaries been stand-alone corporate
taxpayers or a stand-alone corporate tax group for all taxable periods ending after the Issue Date; 

(xiii)    repurchases of Equity Interests deemed to occur upon exercise of stock options, warrants or other
convertible securities if such Equity Interests represent a portion of the exercise price of such options, warrants or other convertible securities; 

(xiv)    purchases of Securitization Assets pursuant to a Securitization Repurchase Obligation in
connection with a Qualified Securitization Financing and the payment or distribution of Securitization Fees; 

(xv)    Restricted Payments by the Company or any Restricted Subsidiary to allow the payment of cash in
lieu of the issuance of fractional shares upon the exercise of options or warrants or upon the conversion or exchange of Capital Stock of any such Person; 

(xvi)    the repurchase, redemption or other acquisition or retirement for value of any Subordinated
Indebtedness pursuant to provisions similar to those contained in Section 4.06 and Section 4.08; provided that all Notes tendered by holders of the Notes in connection with a Change of Control Offer or Asset Sale Offer, as
applicable, have been repurchased, redeemed or acquired for value; 
 (xvii)    payments or distributions
to dissenting stockholders pursuant to applicable law, pursuant to or in connection with a consolidation, amalgamation, merger or transfer of all or substantially all of the assets of the Company and the Restricted Subsidiaries, taken as a whole,
that complies with Section 5.01; provided that as a result of such consolidation, amalgamation, merger or transfer of assets, the Company shall have made a Change of Control Offer (if required by this Indenture) and that all Notes
tendered by holders in connection with such Change of Control Offer have been repurchased, redeemed or acquired for value; 

(xviii)    payment of consideration pursuant to, and the performance of all other transactions contemplated
by, the Acquisition Agreement; and 
 (xix)    other Restricted Payments; provided that, on a pro
forma basis, (i) the Consolidated Total Leverage Ratio of the Company does not exceed 3.75 to 1.00; 
 provided, however, that at the
time of, and after giving effect to, any Restricted Payment permitted under clauses (vi)(B), (vii), (x), (xii)(B) and (xix) of this Section 4.04(b), no Default or Event of Default shall have occurred and be continuing or would occur as a
consequence thereof; provided, further, that any Restricted Payments made with property other than cash shall be calculated using the Fair Market Value (as determined in good faith by the Company) of such property. 

For purposes of determining compliance with this Section 4.04, (a) in the event that a proposed Restricted Payment or any Investment (or
any portion thereof) meets the criteria of more than one of the categories of Restricted Payments described in clauses (i) through (xix) above or is entitled to be made pursuant to Section 4.04(a), or in the event that any Permitted
Investment meets the criteria of more than one of the clauses of such term, then the Company may, in its sole discretion, classify or reclassify, or later divide, classify or reclassify (as if made at such later time), such Restricted Payment or any
Investment (or any portion thereof) in any manner that complies with this Section 4.04 or the definition of “Permitted Investments.” 

  
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 (c)    From and after the Escrow Release Date, all of MCC’s Subsidiaries
(including, as of the Constantia Guarantee Date, the Constantia Companies) will be Restricted Subsidiaries unless designated as Unrestricted Subsidiaries in accordance with this Indenture. The Company will not permit any Unrestricted Subsidiary to
become a Restricted Subsidiary except pursuant to the definition of “Unrestricted Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Company and the
Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated will be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of “Investments.” Such designation
will only be permitted if a Restricted Payment or Permitted Investment in such amount would be permitted at such time and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 

SECTION 4.05    Dividend and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall
not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of the Company or any Restricted Subsidiary to:

 (a)    pay dividends or make any other distributions to the Company or any Restricted Subsidiary (1) on its
Capital Stock or (2) with respect to any other interest or participation in, or measured by, its profits, or 

(b)    make loans or advances to the Company or any Restricted Subsidiary that is a direct or indirect parent of such
Restricted Subsidiary, 
 except in each case for such encumbrances or restrictions existing under or by reason of: 

(1)    (i) contractual encumbrances or restrictions in effect on the Issue Date, including the 2022 Notes
Indenture, and (ii) contractual encumbrances or restrictions pursuant to the Credit Agreement and the other Credit Agreement Documents and, in each case, any similar contractual encumbrances effected by any amendments, modifications,
restatements, renewals, supplements, refundings, replacements or refinancings of such agreements or instruments; 

(2)    this Indenture, the Notes or the Guarantees; 

(3)    applicable law or any applicable rule, regulation or order; 

(4)    any agreement or other instrument of a Person acquired by the Company or any Restricted Subsidiary
which was in existence at the time of such acquisition (but not created in contemplation thereof or to provide all or any portion of the funds or credit support utilized to consummate such acquisition), which encumbrance or restriction is not
applicable to any Person, or the properties or assets of any Person, other than the Person and its Subsidiaries, or the property or assets of the Person and its Subsidiaries, so acquired; 

(5)    contracts or agreements for the sale of assets, including any restriction with respect to a
Restricted Subsidiary imposed pursuant to an agreement entered into for the sale or disposition of the Capital Stock or assets of such Restricted Subsidiary; 

(6)    Secured Indebtedness otherwise permitted to be Incurred pursuant to Section 4.03 and
Section 4.12 that limit the right of the debtor to dispose of the assets securing such Indebtedness; 

  
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 (7)    restrictions on cash or other deposits or net worth
imposed by customers under contracts entered into in the ordinary course of business; 
 (8)    customary
provisions in joint venture agreements, partnership agreements, limited liability company agreements and similar agreements required in connection with the entering into of such transaction; 

(9)    purchase money obligations for property acquired in the ordinary course of business and Capitalized
Lease Obligations otherwise not prohibited under this Indenture; 
 (10)    customary provisions
contained in leases, licenses and other similar agreements entered into in the ordinary course of business; 

(11)    any encumbrance or restriction that restricts in a customary manner the subletting, assignment or
transfer of any property or asset that is subject to a lease, license or similar contract, or the assignment or transfer of any such lease, license (including, without limitation, licenses of intellectual property) or other contracts; 

(12)    any encumbrance or restriction of a Securitization Subsidiary effected in connection with a
Qualified Securitization Financing; provided, however, that such restrictions apply only to such Securitization Subsidiary; 

(13)    other Indebtedness, Disqualified Stock or Preferred Stock (x) of the Company or any Restricted
Subsidiary that is a Guarantor or a Foreign Subsidiary or (y) of any Restricted Subsidiary that is not a Guarantor or a Foreign Subsidiary so long as such encumbrances and restrictions contained in any agreement or instrument will not
materially affect the Company’s ability to make anticipated principal or interest payments on the Notes (as determined in good faith by the Company); provided that in the case of each of clauses (x) and (y), such Indebtedness,
Disqualified Stock or Preferred Stock is permitted to be Incurred (as applicable) subsequent to the Issue Date pursuant to Section 4.03; 

(14)    any Restricted Investment not prohibited by Section 4.04 and any Permitted Investment; or 

(15)    any encumbrances or restrictions of the type referred to in Section 4.05(a) or (b) above
imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (1) through (14) above; provided that
such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company, not materially more restrictive, taken as a whole, with respect to such dividend
and other payment restrictions than those contained in the dividend or other payment restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

For purposes of determining compliance with this Section 4.05, (i) the priority of any Preferred Stock in receiving dividends or
liquidating distributions prior to dividends or liquidating distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions on Capital Stock and (ii) the subordination of loans or advances made to
the Company or a Restricted Subsidiary to other Indebtedness Incurred by the Company or any such Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances. 

  
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 SECTION 4.06    Asset Sales. 

(a)    The Company shall not, and shall not permit any of the Restricted Subsidiaries to, cause or make an Asset Sale,
unless (x) the Company or any Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset Sale at least equal to the Fair Market Value (as determined in good faith by the Company) of the assets sold or otherwise
disposed of, and (y) at least 75% of the consideration therefor received by the Company or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents; provided that the amount of: 

(i)    any liabilities (as shown on the Company’s or a Restricted Subsidiary’s most recent
balance sheet or in the notes thereto) of the Company or a Restricted Subsidiary (other than liabilities that are by their terms subordinated to the Notes or any Guarantee) that are assumed by the transferee of any such assets or that are otherwise
cancelled or terminated in connection with the transaction with such transferee, 
 (ii)    any notes or
other obligations or other securities or assets received by the Company or such Restricted Subsidiary from such transferee that are converted by the Company or such Restricted Subsidiary into cash within 180 days of the receipt thereof (to the
extent of the cash received), 
 (iii)    Indebtedness of any Restricted Subsidiary that is no longer a
Restricted Subsidiary as a result of such Asset Sale, to the extent that the Company and each other Restricted Subsidiary are released from any guarantee of payment of such Indebtedness in connection with the Asset Sale, 

(iv)    consideration consisting of Indebtedness of the Company (other than Subordinated Indebtedness)
received after the Issue Date from Persons who are not the Company or any Restricted Subsidiary, and 

(v)    any Designated Non-cash Consideration received by the
Company or any Restricted Subsidiary in such Asset Sale having an aggregate Fair Market Value (as determined in good faith by the Company), taken together with all other Designated Non-cash Consideration
received pursuant to this Section 4.06(a)(v) that is at that time outstanding, not to exceed $100.0 million (with the Fair Market Value of each item of Designated Non-cash Consideration being
measured at the time received and without giving effect to subsequent changes in value), 
 shall be deemed to be Cash Equivalents for the
purposes of this Section 4.06(a). 
 (b)    Within 365 days after the Company’s or any Restricted
Subsidiary’s receipt of the Net Proceeds of any Asset Sale, the Company or such Restricted Subsidiary may apply the Net Proceeds from such Asset Sale, at its option: 

(i)    to repay, prepay, purchase, redeem, acquire or otherwise reduce (A) Indebtedness constituting
Credit Facility Indebtedness and other Pari Passu Indebtedness that is secured by a Lien permitted under this Indenture (and, if the Indebtedness repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto),
(B) Indebtedness of a Restricted Subsidiary that is not a Guarantor, (C) Obligations under the Notes or (D) other Pari Passu Indebtedness (provided that if the Company or any Guarantor shall so reduce the Obligations

  
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under unsecured Pari Passu Indebtedness under this clause (D), the Company will equally and ratably reduce Notes Obligations pursuant to Section 3.01, through open-market purchases
(provided that such purchases are at or above 100% of the principal amount thereof or, in the event that the Notes were issued with significant original issue discount, 100% of the accreted value thereof) or by making an offer (in accordance
with the procedures set forth below for an Asset Sale Offer) to all holders to purchase at a purchase price equal to 100% of the principal amount thereof (or, in the event that the Notes were issued with significant original issue discount, 100% of
the accreted value thereof), plus accrued and unpaid interest, if any, on the pro rata principal amount of Notes), in each case other than Indebtedness owed to the Company or an Affiliate of the Company; or 

(ii)    to invest in Replacement Assets or to reimburse the cost of any investment in Replacement Assets
incurred on or after the date on which the Asset Sale giving rise to such Net Proceeds was contractually committed. 
 In the case of
Section 4.06(b)(ii), a binding commitment entered into not later than such 365th day shall be treated as a permitted application of the Net Proceeds from the date of such commitment so long as the Company or such Restricted Subsidiary enters
into such commitment with the good faith expectation that such Net Proceeds will be applied to satisfy such commitment within 180 days of such commitment; provided that in the event such binding commitment is later canceled or terminated for
any reason before such Net Proceeds are so applied or used pursuant to clause (i) above within ten (10) Business Days of such termination, then such Net Proceeds shall constitute Excess Proceeds. 

Pending the final application of any such Net Proceeds, the Company or such Restricted Subsidiary may temporarily reduce Indebtedness under a
revolving credit facility, if any, or otherwise invest such Net Proceeds in any manner not prohibited by this Indenture. Any Net Proceeds from any Asset Sale that are not applied as provided and within the time period set forth in the first sentence
of this Section 4.06(b) (it being understood that any portion of such Net Proceeds used to make an offer to purchase Notes, as described in clause (i) of this Section 4.06(b), shall be deemed to have been invested whether or not such
offer is accepted) will be deemed to constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $50.0 million, the Company shall make an offer to all holders of Notes (and, at the option of the Company,
to holders of any other Pari Passu Indebtedness) (an “Asset Sale Offer”) to purchase the maximum principal amount of Notes (and such other Pari Passu Indebtedness), that is at least $2,000 and an integral multiple of $1,000 in
excess thereof that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof (or, in the event the Notes or other Pari Passu Indebtedness were issued with significant original
issue discount, 100% of the accreted value thereof), plus accrued and unpaid interest, if any (or, in respect of such other Pari Passu Indebtedness, such lesser price, if any, as may be provided for by the terms of such other Pari Passu
Indebtedness), to, but excluding, the date fixed for the closing of such offer, in accordance with the procedures set forth in this Indenture. The Company will commence an Asset Sale Offer with respect to Excess Proceeds within ten
(10) Business Days after the date that Excess Proceeds exceeds $50.0 million by mailing, or delivering electronically, the notice required pursuant to the terms of this Indenture, with a copy to the Trustee. To the extent that the
aggregate amount of Notes (and such other Pari Passu Indebtedness) tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Company may use any remaining Excess Proceeds for any purpose that is not prohibited by this Indenture.
If the aggregate principal amount of Notes (and such other Pari Passu Indebtedness) surrendered by holders thereof exceeds the amount of Excess Proceeds, the Trustee, upon receipt of notice from the Company of the aggregate principal amount to be
selected, shall select the Notes to be purchased in the manner described in Section 4.06(e). Upon completion of any such Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. 

  
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 (c)    The Company will comply, to the extent applicable, with the
requirements of Rule 14e-1 under the Exchange Act and any other securities laws or regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of Notes
pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Indenture, the Company will comply with the applicable securities laws and regulations and shall not be deemed
to have breached its obligations under this Indenture by virtue thereof. 
 (d)    Not later than the date upon which
written notice of an Asset Sale Offer is delivered to the Trustee as provided above, the Company shall deliver to the Trustee an Officers’ Certificate as to (i) the amount of the Excess Proceeds, (ii) the allocation of the Net
Proceeds from the Asset Sales pursuant to which such Asset Sale Offer is being made and (iii) the compliance of such allocation with the provisions of Section 4.06(b). 

(e)    Holders electing to have a Note purchased shall be required to surrender such Note, with an appropriate form duly
completed, to the Company at the address specified in the notice at least three (3) Business Days prior to the purchase date. Holders shall be entitled to withdraw their election if the Trustee or the Company receives not later than one
(1) Business Day prior to the purchase date, a telegram, telex, facsimile transmission or letter setting forth the name of the holder, the principal amount of the Note which was delivered by the holder for purchase and a statement that such
holder is withdrawing his election to have such Note purchased. If at the expiration of the period for which the Asset Sale Offer remains open more Notes (and such other Pari Passu Indebtedness) are tendered pursuant to an Asset Sale Offer than the
Company is required to purchase, selection of such Notes for purchase shall be made by the Trustee in compliance with the requirements of the principal securities exchange, if any, on which such Notes are listed (and the Company shall notify the
Trustee of any such listing), or if such Notes are not so listed, on a pro rata basis to the extent practicable, by lot or by such other method as the Trustee shall deem fair and appropriate (and in such manner as complies with the requirements of
the Depository, if applicable); provided that no Notes of $2,000 or less shall be purchased in part. Selection of such other Pari Passu Indebtedness shall be made pursuant to the terms of such other Pari Passu Indebtedness. 

(f)    Notices of an Asset Sale Offer shall be mailed by the Company by first class mail, postage prepaid, or delivered
electronically if held at the Depository, at least 30 but not more than 60 days before the purchase date to each holder of Notes at such holder’s registered address. If any Note is to be purchased in part only, any notice of purchase that
relates to such Note shall state the portion of the principal amount thereof that has been or is to be purchased. 
 SECTION
4.07    Transactions with Affiliates. 
 (a)    The Company shall not, and shall not permit
any of the Restricted Subsidiaries to, directly or indirectly, make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any
transaction or series of transactions, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of the Company (each of the foregoing, an “Affiliate Transaction”) involving aggregate
consideration in excess of $10.0 million, unless: 
 (i)    such Affiliate Transaction is on terms
that are not materially less favorable to the Company or the relevant Restricted Subsidiary than those that could have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person and the Company,
as set forth in an Officers’ Certificate certifying that such Affiliate Transaction complies with this Section 4.07(a)(i); and 

  
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 (ii)    with respect to any Affiliate Transaction or series
of related Affiliate Transactions involving aggregate consideration in excess of $50.0 million, the Company delivers to the Trustee a resolution adopted in good faith by the majority of disinterested members of the Board of Directors of the
Company, approving such Affiliate Transaction and set forth in an Officers’ Certificate certifying that such Affiliate Transaction complies with clause (i) above. 

(b)    The provisions of Section 4.07(a) shall not apply to the following: 

(i)    transactions between or among the Company and/or any of the Restricted Subsidiaries (or an entity
that becomes a Restricted Subsidiary as a result of such transaction) and any merger, consolidation or amalgamation of the Company and any direct parent of the Company; provided that such parent shall have no material liabilities and no
material assets other than cash, Cash Equivalents and the Capital Stock of the Company and such merger, consolidation or amalgamation is otherwise in compliance with the terms of this Indenture and effected for a bona fide business purpose; 

(ii)    Restricted Payments permitted by Section 4.04 and Permitted Investments; 

(iii)    the payment of reasonable and customary fees and reimbursement of expenses paid to, and indemnity
provided on behalf of, officers, directors, employees or consultants of the Company, any Restricted Subsidiary, or any direct or indirect parent of the Company; 

(iv)    transactions in which the Company or any Restricted Subsidiary, as the case may be, delivers to the
Trustee a letter from an Independent Financial Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or meets the requirements of clause (i) of Section 4.07(a); 

(v)    payments or loans (or cancellation of loans) to officers, directors, employees or consultants which
are approved by a majority of the Board of Directors of the Company in good faith; 
 (vi)    any
agreement as in effect as of the Issue Date or any amendment thereto or renewal, extension, restatement or replacement thereof (so long as any such agreement together with all amendments thereto and renewals, extensions, restatements and
replacements thereof, taken as a whole, is not more disadvantageous to the holders of the Notes in any material respect than the original agreement as in effect on the Issue Date) or any transaction contemplated thereby as determined in good faith
by the Company; 
 (vii)    the existence of, or the performance by the Company or any Restricted
Subsidiary of its obligations under the terms of any stockholders, partnership, limited partnership or limited liability company agreement (including any registration rights agreement, investors rights agreement or purchase agreement related
thereto) to which it is a party as of the Issue Date, and any transaction, agreement or arrangement described in the Offering Memorandum and, in each case, any amendment thereto or similar transactions, agreements or arrangements which it may enter
into thereafter; provided, however, that the existence of, or the performance by the Company or any Restricted Subsidiary of its obligations under, any future amendment to any such existing transaction, agreement or arrangement or
under any similar transaction, agreement or arrangement entered into after the Issue Date shall only be permitted by this clause (vii) to the extent that the terms of any such existing transaction, agreement or arrangement together with all
amendments thereto, taken as a whole, or new transaction, agreement or arrangement are not otherwise more disadvantageous to the holders of the Notes in any material respect than the original transaction, agreement or arrangement as in effect on the
Issue Date; 

  
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 (viii)    the execution of the Transactions, and the payment
of all costs, fees and expenses related to the Transactions; 
 (ix)    (A) transactions with customers,
clients, suppliers or purchasers or sellers of goods or services, or transactions otherwise relating to the purchase or sale of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this
Indenture, which are fair to the Company and the Restricted Subsidiaries in the reasonable determination of the Board of Directors or the senior management of the Company, or are on terms at least as favorable in all material respects as might
reasonably have been obtained at such time from an unaffiliated party or (B) transactions with joint ventures or Unrestricted Subsidiaries entered into in the ordinary course of business and consistent with past practice or industry norm; 

(x)    any transaction effected as part of a Qualified Securitization Financing; 

(xi)    the issuance of Equity Interests (other than Disqualified Stock) of the Company to any Person; 

(xii)    the issuances of securities or other payments, awards or grants in cash, securities or otherwise
pursuant to, the funding of, or the making of payments pursuant to, employment, consulting and service agreements and arrangements, stock option and stock ownership plans, long-term incentive plans or similar employee or director benefit plans
approved by the Board of Directors of the Company or any direct or indirect parent of the Company or the Board of Directors of a Restricted Subsidiary, as appropriate, in good faith; 

(xiii)    any contribution to the capital of the Company; 

(xiv)    transactions permitted by, and complying with, Section 5.01; 

(xv)    transactions between the Company or any Restricted Subsidiary and any Person, a director of which
is also a director of the Company or any direct or indirect parent of the Company; provided, however, that such director abstains from voting as a director of the Company or such direct or indirect parent, as the case may be, on any
matter involving such other Person; 
 (xvi)    pledges of Equity Interests of Unrestricted Subsidiaries;

 (xvii)    the formation and maintenance of any consolidated group or subgroup for tax, accounting or
cash pooling or cash management purposes in the ordinary course of business; 
 (xviii)    any employment
agreements entered into by the Company or any Restricted Subsidiary in the ordinary course of business; 

(xix)    transactions undertaken in good faith (as certified by a responsible financial or accounting
officer of the Company in an Officers’ Certificate) for the purpose of improving the consolidated tax efficiency of the Company and its Subsidiaries and not for the purpose of circumventing any covenant set forth in this Indenture; and 

(xx)    the consummation of the Assumption. 

  
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 SECTION 4.08    Change of Control. 

(a)    Upon the occurrence of a Change of Control, each holder shall have the right to require the Company to repurchase
all or any part of such holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase (subject to the right of holders of
record on the relevant Record Date to receive interest due on the relevant Interest Payment Date), in accordance with the terms contemplated in this Section 4.08; provided, however, that notwithstanding the occurrence of a Change
of Control, the Company shall not be obligated to purchase any Notes pursuant to this Section 4.08 in the event that it has previously or concurrently exercised its right to redeem such Notes in accordance with Article III of this Indenture. In
the event that at the time of such Change of Control, the terms of the Credit Facility Indebtedness restrict or prohibit the repurchase of Notes pursuant to this Section 4.08, then prior to the delivery of the notice to the holders provided for
in Section 4.08(b) but in any event within sixty (60) days following any Change of Control, the Company shall (i) repay in full all Credit Facility Indebtedness or, if doing so will allow the purchase of Notes, offer to repay in full
all Credit Facility Indebtedness and repay the Credit Facility Indebtedness of each lender and/or holder who has accepted such offer; or (ii) obtain the requisite consent under the agreements governing the Credit Facility Indebtedness to permit
the repurchase of the Notes as provided for in Section 4.08(b). 
 (b)    Within thirty (30) days following
any Change of Control, except to the extent that the Company has exercised its right to redeem the Notes in accordance with Article III of this Indenture, the Company shall mail, or deliver electronically if the Notes are held by DTC, a notice (a
“Change of Control Offer”) to each holder with a copy to the Trustee stating: 

(i)    that a Change of Control has occurred and that such holder has the right to require the Company to
repurchase such holder’s Notes at a repurchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase (subject to the right of holders of record on
the relevant Record Date to receive interest on the relevant Interest Payment Date); 
 (ii)    the
transaction or transactions constituting such Change of Control; 
 (iii)    the repurchase date (which
shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed, subject to extension (in the case where such notice is mailed or otherwise delivered prior to the occurrence of a Change of Control) in the event that the
occurrence of the Change of Control is delayed); and 
 (iv)    the instructions determined by the
Company, consistent with this Section 4.08, that a holder must follow in order to have its Notes purchased. 

(c)    Holders electing to have a Note purchased shall be required to surrender the Note, with an appropriate form duly
completed, to the Company at the address specified in the notice at least three (3) Business Days prior to the purchase date. The holders shall be entitled to withdraw their election if the Trustee or the Company receives not later than one
(1) Business Day prior to the purchase date a telegram, telex, facsimile transmission or letter setting forth the name of the holder, the principal amount of the Note which was delivered for purchase by the holder and a statement that such
holder is withdrawing its election to have such Note purchased. Holders whose Notes are purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered. 

  
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 (d)    On the purchase date, all Notes purchased by the Company under this
Section 4.08 shall be delivered to the Trustee for cancellation, and the Company shall pay the purchase price plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase, to the holders entitled thereto. 

(e)    A Change of Control Offer may be made in advance of a Change of Control, and conditioned upon such Change of
Control, if a definitive agreement is in place for the Change of Control at the time of making of the Change of Control Offer. 

(f)    Notwithstanding the foregoing provisions of this Section 4.08, the Company shall not be required to make a
Change of Control Offer upon a Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer
made by the Company and purchases all Notes properly tendered and not withdrawn under such Change of Control Offer. 

(g)    Notes repurchased by the Company pursuant to a Change of Control Offer will have the status of Notes issued but not
outstanding or will be retired and canceled at the option of the Company. Notes purchased by a third party pursuant to clause (f) or clause (k) of this Section 4.08 will have the status of Notes issued and outstanding. 

(h)    At the time the Company delivers Notes to the Trustee which are to be accepted for purchase, the Company shall also
deliver an Officers’ Certificate stating that such Notes are to be accepted by the Company pursuant to and in accordance with the terms of this Section 4.08. 

A Note shall be deemed to have been accepted for purchase at the time the Trustee, directly or through an agent, mails or delivers payment
therefor to the surrendering holder. 
 (i)    The Company shall comply, to the extent applicable, with the requirements
of Rule 14e-1 under the Exchange Act and any other securities laws or regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of Notes pursuant to
this Section 4.08. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 4.08, the Company shall comply with the applicable securities laws and regulations and shall not be deemed
to have breached its obligations under this Section by virtue thereof. 
 (j)    If holders of not less than 90% in
aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in a Change of Control Offer and the Company, or any third party making a Change of Control Offer in lieu of the Company as described above, purchases
all of the Notes validly tendered and not withdrawn by such holders, the Company or such third party will have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more than 30 days following such purchase pursuant to
the Change of Control Offer, to redeem all Notes that remain outstanding following such purchase at a price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest to, but excluding, the date of redemption. Any
such redemption shall be effected pursuant to Article III. 
 SECTION 4.09    Compliance Certificate. The Company
shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company, beginning with the fiscal year ending on March 31, 2018, an Officers’ Certificate stating that in the course of the performance by the signers
(one of which shall be the principal executive officer, the principal financial officer or principal accounting officer of the Company) of their duties as Officers of the Company they would normally have knowledge of any Default and whether or not
the signers know of any Default that occurred during such period. If any Officer does, the certificate shall describe the Default, its status and what action the Company is taking or proposes to take with respect thereto. In addition, so long as any
Notes are outstanding, if any Default has 

  
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occurred and is continuing under this Indenture, the Company shall within thirty (30) Business Days of the occurrence thereof deliver to the Trustee an Officers’ Certificate specifying
such Default and what action the Company is taking or proposed to take with respect thereto. The Company also shall comply with Section 314(a)(4) of the TIA. Except with respect to receipt of payments of principal and interest on the Notes and
any Default or Event of Default information contained in an Officers’ Certificate delivered to it pursuant to this Section 4.09, the Trustee shall have no duty to review, ascertain or confirm the Company’s compliance with or the
breach of any representation, warranty or covenant made in this Indenture. 
 SECTION 4.10    Further Instruments and
Acts. Upon request of the Trustee, the Company shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

SECTION 4.11    Limitation on Guarantees. The Company shall cause each of its Wholly Owned Domestic Subsidiaries
that guarantees or becomes a borrower under any Credit Facility Indebtedness, including the Credit Agreement, or that guarantees any other Capital Markets Indebtedness of the Company or any of the Guarantors to execute and deliver to the Trustee,
within ten (10) Business Days thereafter (except to the extent a shorter period is provided for in Section 4.16(c)), a supplemental indenture substantially in the form of Exhibit D, pursuant to which such Subsidiary will guarantee
the Guaranteed Obligations. 
 SECTION 4.12    Liens. 

(a)    The Company shall not, and shall not permit any of the Restricted Subsidiaries to, directly or indirectly, create,
Incur or suffer to exist any Lien (except Permitted Liens) on any asset or property of the Company or such Restricted Subsidiary securing Indebtedness of the Company or a Restricted Subsidiary unless the Notes are equally and ratably secured with
(or on a senior basis to, in the case of obligations subordinated in right of payment to the Notes) the obligations so secured until such time as such obligations are no longer secured by a Lien. 

(b)    Any Lien that is granted to secure the Notes or any Guarantee under Section 4.12(a) shall be automatically
released and discharged at the same time as the release of the Lien that gave rise to the obligation to secure the Notes or such Guarantee under Section 4.12(a). 

(c)    For purposes of determining compliance with this Section 4.12, (i) a Lien securing an item of Indebtedness
need not be permitted solely by reference to one category of permitted Liens (or any portion thereof) described in the definition of “Permitted Liens” or pursuant to Section 4.12(a) but may be permitted in part under any combination
thereof and (ii) in the event that a Lien securing an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) meets the criteria of one or more of the categories of permitted Liens (or any portion thereof) described
in the definition of “Permitted Liens” or pursuant to Section 4.12(a), the Company may, in its sole discretion, classify or reclassify, or later divide, classify or reclassify (as if Incurred at such later time), such Lien securing
such item of Indebtedness (or any portion thereof) in any manner that complies with this Section 4.12 and will be entitled to only include the amount and type of such Lien or such item of Indebtedness secured by such Lien (or any portion
thereof) in one of the categories of permitted Liens (or any portion thereof) described in the definition of “Permitted Liens” or pursuant to Section 4.12(a) and, in such event, such Lien securing such item of Indebtedness (or any
portion thereof) will be treated as being Incurred or existing pursuant to only such clause or clauses (or any portion thereof) or pursuant to Section 4.12(a) without giving pro forma effect to such item (or portion thereof) when
calculating the amount of Liens or Indebtedness that may be Incurred pursuant to any other clause or paragraph. 

  
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 (d)    With respect to any Lien securing Indebtedness that was permitted to
secure such Indebtedness at the time of the Incurrence of such Indebtedness, such Lien shall also be permitted to secure any Increased Amount of such Indebtedness. The “Increased Amount” of any Indebtedness shall mean any increase
in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms or in the
form of common stock of the Company, the payment of dividends on Preferred Stock in the form of additional shares of Preferred Stock of the same class, accretion of original issue discount or liquidation preference and increases in the amount of
Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness described in clause (3) of the definition of “Indebtedness.” 

SECTION 4.13    Maintenance of Office or Agency. 

(a)    The Company shall maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee
or Registrar) where Notes may be surrendered for registration of transfer or for exchange. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the
Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations and surrenders may be made at the Corporate Trust Office of the Trustee as set forth in
Section 11.02. 
 (b)    The Company may also from time to time designate one or more other offices or agencies
where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its
obligation to maintain an office or agency for such purposes. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

(c)    The Company hereby designates the Corporate Trust Office of the Trustee or its agent as such office or agency of
the Company in accordance with Section 2.04. 
 SECTION 4.14    Existence. The Company shall do or cause to
be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not
prohibit any transaction permitted under Section 5.01, and the Company shall not be required to preserve, renew and keep in full force and effect any such right, license, permit, privilege, franchise or legal existence if the Company shall
determine in good faith the preservation, renewal or keeping in full force and effect thereof is no longer desirable in the conduct of the business of the Company. 

SECTION 4.15    Covenant Suspension. If on any date following the Issue Date, (i) the Notes have Investment
Grade Ratings from both Rating Agencies, and (ii) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day (the occurrence of the events described in the foregoing clauses (i) and (ii)
being collectively referred to as a “Covenant Suspension Event”), and subject to the provisions of the following paragraph, the Company and the Restricted Subsidiaries shall not be subject to Sections 4.03, 4.04, 4.05, 4.06, 4.07,
4.11 and 5.01(a)(iv) (collectively the “Suspended Covenants”). 
 In the event that the Company and the Restricted
Subsidiaries are not subject to the Suspended Covenants under this Indenture for any period of time as a result of the foregoing, and on any subsequent date (the “Reversion Date”) one or both of the Rating Agencies withdraw their
Investment Grade Rating or downgrade the rating assigned to the Notes below an Investment Grade Rating, then the Company and the Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants under this Indenture with respect to
future events. 

  
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 The Company shall provide the Trustee with notice of each Covenant Suspension Event or Reversion
Date within five (5) Business Days of the occurrence thereof. 
 During the Suspension Period, the Company may not designate or
redesignate any Unrestricted Subsidiaries. 
 On each Reversion Date, all Indebtedness, Disqualified Stock or Preferred Stock Incurred
during the Suspension Period will be classified as having been Incurred pursuant to Sections 4.03(a) and (b) (to the extent such Indebtedness, Disqualified Stock or Preferred Stock would be permitted to be Incurred thereunder as of the Reversion
Date and after giving effect to Indebtedness Incurred prior to the Suspension Period and outstanding on the Reversion Date). To the extent such Indebtedness, Disqualified Stock or Preferred Stock would not be so permitted to be Incurred pursuant to
Sections 4.03(a) and (b), such Indebtedness, Disqualified Stock or Preferred Stock will be deemed to have been outstanding on the Issue Date, so that it is classified as permitted under Section 4.03(b)(iii). Calculations made after the
Reversion Date of the amount available to be made as Restricted Payments under Section 4.04 will be made as though Section 4.04 had been in effect since the Issue Date and prior to, but not during, the Suspension Period. Accordingly,
Restricted Payments made during the Suspension Period will not reduce the amount available to be made as Restricted Payments under Section 4.04(a). As described above, however, no Default or Event of Default will be deemed to have occurred on
the Reversion Date as a result of any actions taken by the Company or the Restricted Subsidiaries during the Suspension Period or any actions taken at any time pursuant to any contractual obligation arising prior to the Reversion Date, regardless of
whether such actions or events would have been permitted if the applicable Suspended Covenants remained in effect during such period. Within thirty (30) days of such Reversion Date, the Company must comply with the terms of Section 4.11.

 For purposes of Section 4.05, on the Reversion Date, any consensual encumbrances or consensual restrictions of the type specified in
clause (a) or (b) thereof entered into during the Suspension Period will be deemed to have been in effect on the Issue Date, so that they are permitted under clause (1)(i) thereof. 

For purposes of Section 4.07, any Affiliate Transaction entered into after the Reversion Date pursuant to a contract, agreement, loan,
advance or guaranty with, or for the benefit of, any Affiliate of the Company entered into during the Suspension Period will be deemed to have been in effect as of the Issue Date for purposes of clause (b)(vi) thereof. 

For purposes of Section 4.06, on the Reversion Date, the unutilized Excess Proceeds amount will be reset to zero. 

The Trustee shall have no duty to (i) monitor the ratings of the Notes, (ii) ascertain whether a Covenant Suspension Event or
Reversion Date has occurred or (iii) notify the holders of the Notes of any of the foregoing. 
 SECTION
4.16    Escrow of Proceeds; Escrow Release. 
 (a)    The Escrow Issuer shall apply the
Escrowed Property in accordance with the terms of the Escrow Agreement. 
 (b)    The Escrow Issuer shall only be
entitled to direct the Escrow Agent to release to it portions of the Escrowed Property upon satisfaction of the conditions set forth in the Escrow Agreement. 

  
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 (c)    Prior to or substantially concurrently with the Escrow Release, MCC
and each of its direct and indirect Wholly Owned Domestic Subsidiaries that is a borrower or guarantor in respect of amounts outstanding under any Credit Facility Indebtedness, including, without limitation, the Credit Agreement, or that guarantees
any other Capital Markets Indebtedness of MCC or any Guarantor shall execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit C pursuant to which, effective upon the Escrow Release, (i) MCC shall
unconditionally assume all of the Escrow Issuer’s Obligations under the Notes and this Indenture on the terms and conditions set forth therein and (ii) each such Subsidiary of MCC shall jointly and severally guarantee, on a senior
unsecured basis, the Guaranteed Obligations. Notwithstanding the foregoing, MCC shall not be required to cause the Constantia Companies that constitute Wholly Owned Domestic Subsidiaries to guarantee the Company’s obligations under this
Indenture and the Notes until such entities issue guarantees in respect of the Credit Agreement (the date of issuance of such guarantees, the “Constantia Guarantee Date”), and at such time such entities shall execute and deliver to
the Trustee a supplemental indenture substantially in the form of Exhibit D pursuant to which each such entity shall jointly and severally guarantee, on a senior unsecured basis, the Guaranteed Obligations. 

SECTION 4.17    Activities Prior to the Escrow Release Date. 

(a)    Prior to the Escrow Release Date, the primary activities of the Escrow Issuer shall be restricted to issuing the
Notes, issuing Capital Stock to, and receiving capital contributions from, a direct or indirect parent entity, performing its obligations in respect of the Notes under this Indenture and the Escrow Agreement and redeeming the Notes, if applicable,
and conducting such other activities as are necessary or appropriate to carry out the activities described in this Section 4.17(a). Prior to the Escrow Release Date, the Escrow Issuer shall not own, hold or otherwise have any interest in any
assets other than the Escrow Account and cash and Cash Equivalents. 
 (b)    Prior to the Escrow Release Date, the
Escrow Issuer shall not engage in any business activity or enter into any transaction or agreement (including, without limitation, making any Restricted Payment, Incurring any Indebtedness, Incurring any Liens except in favor of the holders of the
Notes, entering into any merger, consolidation or sale of all or substantially all of its assets or engaging in any transaction with its Affiliates) except in the ordinary course of the primary activities described in Section 4.17(a) or as
necessary or advisable (as determined by the Escrow Issuer) to effectuate the Transactions. 
 ARTICLE V 

SUCCESSOR COMPANY 

SECTION 5.01    When Company and Guarantors May Merge or Transfer Assets. 

(a)    The Company may not consolidate, amalgamate or merge with or into or wind up into (whether or not the Company is the
surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions, to any Person unless: 

(i)    the Company is the surviving Person or the Person formed by or surviving any such consolidation,
amalgamation, merger, winding up or conversion (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a corporation, partnership or limited liability company or similar
entity organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (the Company or such Person, as the case may be, being herein called the “Successor Company”);
provided that in the event that the Successor Company is not a corporation, a co-obligor of the Notes is a corporation; 

  
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 (ii)    the Successor Company (if other than the Company)
expressly assumes all the obligations of the Company under this Indenture pursuant to supplemental indentures or other applicable documents or instruments in form reasonably satisfactory to the Trustee; 

(iii)    immediately after giving effect to such transaction (and treating any Indebtedness which becomes
an obligation of the Successor Company or any of its Restricted Subsidiaries as a result of such transaction as having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction) no Default or Event of
Default shall have occurred and be continuing; 
 (iv)    immediately after giving pro forma
effect to such transaction, as if such transaction had occurred at the beginning of the most recently ended four-quarter period for which internal financial statements are available (and treating any Indebtedness which becomes an obligation of
the Successor Company or any of its Restricted Subsidiaries as a result of such transaction as having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction), either 

(1)    the Successor Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant
to the Fixed Charge Coverage Ratio test set forth in Section 4.03(a); or 
 (2)    the Fixed Charge
Coverage Ratio of the Company would be greater than such ratio immediately prior to such transaction; 

(v)    if the Company is not the Successor Company, each Guarantor, unless it is the other party to the
transactions described above, shall have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under this Indenture and the Notes; and 

(vi)    the Successor Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that such consolidation, merger, amalgamation or transfer and such supplemental indentures (if any) comply with this Indenture. 

The Successor Company (if other than the Company) will succeed to, and be substituted for, the Company under this Indenture and the Notes, and
in such event the Company will automatically be released and discharged from its obligations under this Indenture and the Notes. Notwithstanding the foregoing clauses (iii) and (iv) of this Section 5.01(a), (A) any Restricted Subsidiary
may merge, consolidate or amalgamate with or transfer all or part of its properties and assets to a Guarantor or the Company, (B) the Company and the Restricted Subsidiaries may consummate the Transactions, (C) any Restricted Subsidiary
that is not a Guarantor may merge, consolidate or amalgamate with or transfer all of part of its properties and assets to another Restricted Subsidiary that is not a Guarantors and (D) the Company may merge, consolidate or amalgamate with an
Affiliate incorporated solely for the purpose of reincorporating the Company in another state of the United States, the District of Columbia or any territory of the United States (collectively, the “Permitted Jurisdictions”) or may
convert into a corporation, partnership or limited liability company, so long as the amount of Indebtedness of the Company and the Restricted Subsidiaries is not increased thereby. This Section 5.01(a) will not apply to a sale, assignment,
transfer, lease, conveyance or other disposition of assets between or among the Company and the Restricted Subsidiaries. 

  
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 (b)    Subject to the provisions of Section 10.02(b), no Guarantor
shall, and the Company shall not permit any such Guarantor to, consolidate, amalgamate or merge with or into or wind up into (whether or not such Guarantor is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of
all or substantially all of its properties or assets in one or more related transactions to, any Person unless: 

(i)    either (A) such Guarantor is the surviving Person or the Person formed by or surviving any such
consolidation, amalgamation or merger (if other than such Guarantor) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a corporation, partnership or limited liability company or similar
entity organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (such Guarantor or such Person, as the case may be, being herein called the “Successor
Guarantor”) and the Successor Guarantor (if other than such Guarantor) expressly assumes all the obligations of such Guarantor under this Indenture and such Guarantor’s Guarantee pursuant to a supplemental indenture or other applicable
documents or instruments in form reasonably satisfactory to the Trustee, or (B) such sale or disposition or consolidation, amalgamation or merger is not in violation of Section 4.06; and 

(ii)    the Successor Guarantor (if other than such Guarantor) shall have delivered or caused to be
delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger or transfer and such supplemental indenture (if any) comply with this Indenture. 

Except as otherwise provided in this Indenture, the Successor Guarantor (if other than such Guarantor) will succeed to, and be substituted
for, such Guarantor under this Indenture and such Guarantor’s Guarantee and such Guarantor will automatically be released and discharged from its obligations under this Indenture and its Guarantee. Notwithstanding the foregoing, (1) a
Guarantor may merge, amalgamate or consolidate with an Affiliate incorporated solely for the purpose of reincorporating such Guarantor in a Permitted Jurisdiction or may convert into a limited liability company, corporation, partnership or similar
entity organized or existing under the laws of any Permitted Jurisdiction so long as the amount of Indebtedness of such Guarantor is not increased thereby and (2) a Guarantor may consolidate, amalgamate or merge with or into or wind up into,
liquidate, dissolve, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets to the Company or any other Guarantor. 

ARTICLE VI 
 DEFAULTS
AND REMEDIES 
 SECTION 6.01    Events of Default. An “Event of Default” occurs with respect
to the Notes if: 
 (a)    there is a default in any payment of interest on any Note when due, and such default
continues for a period of thirty (30) days; 
 (b)    there is a default in the payment of principal or premium, if
any, of any Note when due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise; 

(c)    there is a failure by the Escrow Issuer to pay or cause to be paid the Special Mandatory Redemption Price on the
Special Mandatory Redemption Date (except where such failure was a result of any action or inaction of the Trustee or the Escrow Agent); 

  
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 (d)    there is a failure by the Escrow Issuer, the Company or any Restricted
Subsidiary for sixty (60) days after written notice given by the Trustee or the holders of not less than 25% in principal amount of the Notes then outstanding (with a copy to the Trustee) to comply with its other obligations, covenants or
agreements (other than a default referred to in clauses (a) and (b) above) contained in the Notes or this Indenture; 

(e)    there is a failure by the Company or any Significant Subsidiary (or any group of Subsidiaries that together would
constitute a Significant Subsidiary) to pay any Indebtedness (other than Indebtedness owing to the Company or a Restricted Subsidiary) within any applicable grace period after final maturity or the acceleration of any such Indebtedness by the
holders thereof because of a default, in each case, if the total amount of such Indebtedness unpaid or accelerated exceeds $100.0 million or its foreign currency equivalent; 

(f)    the Company or any Significant Subsidiary (or any group of Subsidiaries that together would constitute a
Significant Subsidiary) pursuant to or within the meaning of any Bankruptcy Law: 
 (i)    commences a
voluntary case; 
 (ii)    consents to the entry of an order for relief against it in an involuntary
case; 
 (iii)    consents to the appointment of a Custodian of it or for any substantial part of its
property; or 
 (iv)    makes a general assignment for the benefit of its creditors or takes any
comparable action under any foreign laws relating to insolvency; 
 (g)    a court of competent jurisdiction enters an
order or decree under any Bankruptcy Law that: 
 (i)    is for relief against the Company or any
Significant Subsidiary in an involuntary case; 
 (ii)    appoints a Custodian of the Company or any
Significant Subsidiary or for any substantial part of its property; or 
 (iii)    orders the winding up
or liquidation of the Company or any Significant Subsidiary; 
 or any similar relief is granted under any foreign laws and, in each case,
the order or decree remains unstayed and in effect for sixty (60) days; 
 (h)    there is a failure by the Company
or any Significant Subsidiary (or any group of Subsidiaries that together would constitute a Significant Subsidiary) to pay final judgments aggregating in excess of $100.0 million or its foreign currency equivalent (net of any amounts which are
covered by enforceable insurance policies issued by solvent carriers), which judgments are not discharged, waived or stayed for a period of sixty (60) days; or 

(i)    the Guarantee of a Significant Subsidiary (or any group of Subsidiaries that together would constitute a
Significant Subsidiary) with respect to the Notes ceases to be in full force and effect (except as contemplated by the terms thereof) or the Company or any Guarantor that qualifies as a Significant Subsidiary (or any group of Subsidiaries that
together would constitute a Significant Subsidiary) denies or disaffirms its obligations under this Indenture or any Guarantee with respect to the Notes and such Default continues for ten (10) consecutive days. 

  
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 The foregoing shall constitute Events of Default whatever the reason for any such Event of
Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

However, a default under clause (d) above shall not constitute an Event of Default until the Trustee or the holders of at least 25% in
aggregate principal amount of outstanding Notes notify the Company, with a copy to the Trustee, of the default and the Company does not cure such default within the time specified in clause (d) hereof after receipt of such notice. Such notice
must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default.” 
 The term
“Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar
official under any Bankruptcy Law. 
 SECTION 6.02    Acceleration. If an Event of Default (other than an Event
of Default specified in Section 6.01(f) or (g) hereof with respect to the Company) occurs and is continuing, the Trustee by notice to the Company or the holders of at least 25% in aggregate principal amount of outstanding Notes by notice
to the Company, with a copy to the Trustee, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable
immediately. If an Event of Default specified in Section 6.01(f) or (g) with respect to the Company occurs, the principal of, premium, if any, and interest on all the Notes will become immediately due and payable without any declaration or
other act on the part of the Trustee or any holder. The holders of a majority in aggregate principal amount of outstanding Notes by notice to the Trustee may rescind any such acceleration with respect to the Notes and its consequences if the
rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect
any subsequent or other Default or impair any consequent right. 
 In the event of any Event of Default specified in Section 6.01(e),
such Event of Default and all consequences thereof (excluding, however, any resulting payment default) shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the holders of the Notes, if within thirty
(30) days after such Event of Default arose the Company delivers an Officers’ Certificate to the Trustee stating that (x) the Indebtedness or guarantee that is the basis for such Event of Default has been discharged or (y) the
holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default or (z) the default that is the basis for such Event of Default has been cured, it being understood that in no
event shall an acceleration of the principal amount of the Notes as described above be annulled, waived or rescinded upon the happening of any such events. 

SECTION 6.03    Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any
available remedy at law or in equity to collect the payment of principal of or interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other
remedy. To the extent required by law, all available remedies are cumulative. 

  
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 SECTION 6.04    Waiver of Past Defaults. Provided the Notes are not
then due and payable by reason of a declaration of acceleration, the holders of a majority in aggregate principal amount of the Notes then outstanding by written notice to the Trustee may waive an existing Default and its consequences except
(a) a Default in the payment of the principal of or interest on a Note, (b) a Default arising from the failure to redeem or purchase any Note when required pursuant to the terms of this Indenture or (c) a Default in respect of a
provision that under Section 9.02 cannot be amended without the consent of each holder affected. When a Default is waived, it is deemed cured and the Company, the Trustee and the holders will be restored to their former positions and rights
under this Indenture, but no such waiver shall extend to any subsequent or other Default or impair any consequent right. 
 SECTION
6.05    Control by Majority. The holders of a majority in aggregate principal amount of outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of
exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, if the Trustee, being advised by counsel, determines that the action or proceeding so
directed may not lawfully be taken or if the Trustee in good faith shall determine that the action or proceeding so directed would involve the Trustee in personal liability or expense for which it is not adequately indemnified, or, subject to
Section 7.01, that the Trustee determines is unduly prejudicial to the rights of any other holder or that would involve the Trustee in personal liability. Prior to taking any action under this Indenture, the Trustee shall be entitled to
indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action. 

SECTION 6.06    Limitation on Suits. 

(a)    Except to enforce the right to receive payment of principal, premium (if any) or interest when due, no holder may
pursue any remedy with respect to this Indenture or the Notes unless: 
 (i)    such holder has
previously given the Trustee written notice that an Event of Default is continuing, 
 (ii)    holders of
at least 25% in aggregate principal amount of the outstanding Notes have requested the Trustee to pursue the remedy, 

(iii)    such holders have offered the Trustee security or indemnity satisfactory to it against any loss,
liability or expense, 
 (iv)    the Trustee has not complied with such request within sixty
(60) days after the receipt of the request and the offer of security or indemnity, and 
 (v)    the
holders of a majority in aggregate principal amount of the outstanding Notes have not given the Trustee a direction inconsistent with such request within such 60-day period. 

(b)    A holder may not use this Indenture to prejudice the rights of another holder or to obtain a preference or priority
over another holder (it being understood that the Trustee shall have no obligation to ascertain whether or not such actions or forbearances are unduly prejudicial to any other holder). 

SECTION 6.07    Rights of the Holders to Receive Payment. Notwithstanding any other provision of this Indenture,
the right of any holder to receive payment of principal of and interest on the Notes held by such holder, on or after the respective due dates expressed or provided for in the Notes, or to bring suit for the enforcement of any such payment on or
after such respective dates, shall not be impaired or affected without the consent of such holder. 

  
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 SECTION 6.08    Collection Suit by Trustee. If an Event of Default
specified in Section 6.01(a) or (b) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company or any other obligor on the Notes for the whole amount then due and owing
(together with interest on overdue principal and (to the extent lawful) on any unpaid interest at the rate provided for in the Notes) and the amounts provided for in Section 7.07. 

SECTION 6.09    Trustee May File Proofs of Claim. The Trustee may file such proofs of claim, statements of interest
and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation, expenses disbursements and advances of the Trustee (including counsel, accountants, experts
or such other professionals as the Trustee deems necessary, advisable or appropriate)) and the holders allowed in any judicial proceedings relative to the Company, the Guarantors, their creditors or their property, shall be entitled to participate
as a member, voting or otherwise, of any official committee of creditors appointed in such matters and, unless prohibited by law or applicable regulations, may vote on behalf of the holders in any election of a trustee in bankruptcy or other Person
performing similar functions, and any Custodian in any such judicial proceeding is hereby authorized by each holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the
holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section 7.07. Nothing herein
contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any holder, or to
authorize the Trustee to vote in respect of the claim of any holder in any such proceeding. 
 SECTION
6.10    Priorities. Any money or property collected by the Trustee pursuant to this Article VI and any other money or property distributable in respect of the Company’s or any Guarantor’s obligations under this
Indenture after an Event of Default shall be applied in the following order: 
 FIRST: to the Trustee for amounts due
hereunder (including the reasonable compensation and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts in accordance with Section 7.07); 

SECOND: to the holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest, ratably, without
preference or priority of any kind, according to the amounts due and payable on the Notes for principal and interest, respectively; and 

THIRD: to the Company or, to the extent the Trustee collects any amount for any Guarantor, to such Guarantor. 

The Trustee may fix a record date and payment date for any payment to the holders pursuant to this Section 6.10. At least fifteen
(15) days before such record date, the Trustee shall mail to each holder and the Company a notice that states the record date, the payment date and the amount to be paid. 

SECTION 6.11    Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture
or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion
may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Article VI does
not apply to a suit by the Trustee, a suit by a holder pursuant to Section 6.06 or a suit by holders of more than 10% in principal amount of the Notes. 

  
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 SECTION 6.12    Waiver of Stay or Extension Laws. Neither the Company
nor any Guarantor (to the extent it may lawfully do so) shall at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in
force, which may affect the covenants or the performance of this Indenture; and the Company and the Guarantors (to the extent that they may lawfully do so) hereby expressly waive all benefit or advantage of any such law, and shall not hinder, delay
or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted. 

ARTICLE VII 
 TRUSTEE

 SECTION 7.01    Duties of Trustee. 

(a)    The Trustee, prior to the occurrence of an Event of Default with respect to the Notes and after the curing or
waiving of all Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. If an Event of Default has occurred and is continuing, the Trustee shall exercise the
rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b)    Except during the continuance of an Event of Default: 

(i)    the Trustee undertakes to perform such duties and only such duties as are specifically set forth in
this Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee (it being agreed that the permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty); and

 (ii)    in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. The Trustee shall be under no duty to make any investigation as to any
statement contained in any such instance, but may accept the same as conclusive evidence of the truth and accuracy of such statement or the correctness of such opinions. However, in the case of certificates or opinions required by any provision
hereof to be provided to it, the Trustee shall examine the form of certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical
calculations or other facts stated therein). 
 (c)    The Trustee may not be relieved from liability for its own
negligent action, its own negligent failure to act or its own willful misconduct, except that: 

(i)    this paragraph does not limit the effect of paragraph (b) of this Section; 

(ii)    the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer
unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(iii)    the Trustee shall not be liable with respect to any action it takes or omits to take in good faith
in accordance with a direction received by it pursuant to Section 6.05. 

  
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 (d)    Every provision of this Indenture that in any way relates to the
Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01. 
 (e)    The Trustee shall not be
liable for interest on any money received by it. 
 (f)    Money held in trust by the Trustee need not be segregated
from other funds except to the extent required by law. 
 (g)    Every provision of this Indenture relating to the
conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 7.01 and the TIA. 

SECTION 7.02    Rights of Trustee. 

(a)    The Trustee may conclusively rely on any document believed by it to be genuine and to have been signed or presented
by the proper person. The Trustee need not investigate any fact or matter stated in the document. 
 (b)    Before the
Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate
or Opinion of Counsel. 
 (c)    The Trustee may act through agents and shall not be responsible for the misconduct or
negligence of any agent (other than an agent who is an employee of the Trustee) appointed with due care. 
 (d)    The
Trustee shall not be responsible or liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers; provided, however, that the Trustee’s conduct does not constitute
willful misconduct or negligence. 
 (e)    The Trustee may consult with counsel of its own selection and the advice or
opinion of counsel with respect to legal matters relating to this Indenture and the Notes shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in
accordance with the advice or opinion of such counsel. 
 (f)    The Trustee shall not be bound to make any
investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, debenture, note or other paper or document unless requested in writing to do so
by the holders of not less than a majority in principal amount of the Notes at the time outstanding, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee
shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney, at the expense of the Company and shall Incur no liability of any kind
by reason of such inquiry or investigation. 
 (g)    The Trustee shall be under no obligation to exercise any of the
rights or powers vested in it by this Indenture at the request or direction of any of the holders pursuant to this Indenture, unless such holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs,
expenses and liabilities which might be Incurred by it in compliance with such request or direction. 
 (h)    The
rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other
Person employed to act hereunder. 

  
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 (i)    The Trustee shall not be responsible or liable for any action taken or
omitted by it in good faith at the direction of the holders of not less than a majority in principal amount of the Notes as to the time, method and place of conducting any proceedings for any remedy available to the Trustee or the exercising of any
power conferred by this Indenture. 
 (j)    Any action taken, or omitted to be taken, by the Trustee in good faith
pursuant to this Indenture upon the request or authority or consent of any person who, at the time of making such request or giving such authority or consent, is the holder of any Note shall be conclusive and binding upon future holders of Notes and
upon Notes executed and delivered in exchange therefor or in place thereof. 
 (k)    The Trustee may request that the
Company delivers an Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any
Person authorized to sign an Officers’ Certificate, including any Person specified as so authorized in any such certificate previously delivered and not superseded. 

(l)    The Trustee shall not be responsible or liable for punitive, special, indirect, or consequential loss or damage of
any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of actions. 

(m)    The Trustee shall not be required to give any bond or surety in respect of the execution of the trusts and powers
under this Indenture. 
 (n)    The Trustee shall not be responsible or liable for any failure or delay in the
performance of its obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other
military disturbances; sabotage; epidemics; riots; loss or malfunction of utilities, computer (hardware or software) or communication services; accidents; labor disputes; and acts of civil or military authorities and governmental action. 

SECTION 7.03    Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the
owner or pledgee of Notes and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent or Registrar may do the same with like rights. However, the Trustee must comply with
Sections 7.10 and 7.11. 
 SECTION 7.04    Trustee’s Disclaimer. The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy of this Indenture, the Guarantees or the Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes, and it shall not be responsible for any
statement of the Company or any Guarantor in this Indenture or in any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication. The Trustee shall not be charged with
knowledge of any Default or Event of Default under Sections 6.01(b) (but only with respect to a repurchase of Notes pursuant to an Asset Sale Offer), (c), (d), (e), (f), (g), (h) or (i), or of the identity of any Significant Subsidiary unless either
(a) a Trust Officer shall have actual knowledge thereof or (b) the Trustee shall have received written notice thereof, referencing the Notes and this Indenture, in accordance with Section 11.02 hereof from the Company, any Guarantor
or any holder pursuant to Section 7.02(k). In accepting the trust hereby created, the Trustee acts solely as Trustee under this Indenture and not in its individual capacity and all persons, including without limitation the holders of Notes and
the Company having any claim against the Trustee arising from this Indenture shall look only to the funds and accounts held by the Trustee hereunder for payment except as otherwise provided herein. 

  
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 SECTION 7.05    Notice of Defaults. If a Default occurs and is
continuing and is actually known to a Trust Officer or the Trustee, the Trustee shall mail, or deliver electronically if the Notes are held by DTC, to each holder of the Notes notice of the Default within the earlier of ninety (90) days after
it occurs or thirty (30) days after it is actually known to a Trust Officer or written notice of it is received by the Trustee. Except in the case of a Default in the payment of principal of, premium (if any) or interest on any Note, the
Trustee may withhold notice if and so long as it in good faith determines that withholding notice is in the interests of the holders. 

SECTION 7.06    Reports by Trustee to the Holders. As promptly as practicable after each May 15th beginning with the May 15th following the Issue Date, and in any event within sixty (60) days of each May 15th, the Trustee shall mail to each holder a brief report dated as of such May 15th that complies with Section 313(a) of the TIA if and to the
extent required thereby. The Trustee shall also comply with Section 313(b) of the TIA. 
 Pursuant to Section 313(d) of the TIA, a
copy of each report at the time of its mailing to the holders shall be filed with the SEC and each stock exchange (if any) on which the Notes are listed if the Notes are listed. The Company agrees to notify promptly the Trustee whenever the Notes
become listed on any stock exchange and of any delisting thereof. All reports pursuant to this Section 7.06 shall be provided in accordance with Section 313(c) of the TIA. 

SECTION 7.07    Compensation and Indemnity. The Company shall pay to the Trustee from time to time such
compensation for the Trustee’s acceptance of this Indenture and its services hereunder as mutually agreed to in writing between the Company and the Trustee. The Trustee’s compensation shall not be limited by any law on compensation of a
trustee of an express trust. The Company shall promptly reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred or made by it, including
costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Company and
the Guarantors, jointly and severally, shall indemnify the Trustee or any predecessor Trustee and their directors, officers, employees and agents against any and all loss, liability, claim, damage or expense (including reasonable attorneys’
fees and expenses and including taxes (other than taxes based upon, measured by or determined by the income of the Trustee)) incurred by or in connection with the acceptance or administration of this trust and the performance of its duties hereunder
and under the Escrow Agreement, including the costs and expenses of enforcing this Indenture or Guarantee against the Company or any Guarantor (including this Section 7.07) and defending itself against or investigating any claim (whether
asserted by the Company, any Guarantor, any holder or any other Person). The obligation to pay such amounts shall survive the payment in full or defeasance of the Notes or the removal or resignation of the Trustee. The Trustee shall notify the
Company of any claim for which it may seek indemnity promptly upon obtaining actual knowledge thereof; provided, however, that any failure so to notify the Company shall not relieve the Company or any Guarantor of its indemnity
obligations hereunder. The Company shall defend the claim and the indemnified party shall provide reasonable cooperation at the Company’s expense in the defense. Such indemnified parties may have separate counsel and the Company and such
Guarantor, as applicable, shall pay the fees and expenses of such counsel; provided, however, that the Company shall not be required to pay such fees and expenses if it assumes such indemnified parties’ defense and, in such
indemnified parties’ reasonable judgment, there is no actual or potential conflict of interest between the Company and the Guarantors, as applicable, and such parties in connection with such defense. The Company need not reimburse any expense
or indemnify against any loss, liability or expense incurred by an indemnified party through such party’s own willful misconduct, negligence or bad faith. 

To secure the Company’s and the Guarantors’ payment obligations in this Section 7.07, the Trustee shall have a Lien prior to
the Notes on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular Notes. Said Lien shall survive the satisfaction and discharge of this Indenture. 

  
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 The Company’s and the Guarantors’ payment obligations pursuant to this
Section 7.07 shall survive the satisfaction or discharge of this Indenture, any rejection or termination of this Indenture under any bankruptcy law or the resignation or removal of the Trustee. Without prejudice to any other rights available to
the Trustee under applicable law, when the Trustee incurs expenses after the occurrence of a Default specified in Section 6.01(f) or (g) with respect to the Company, the expenses are intended to constitute expenses of administration under
any Bankruptcy Law. 
 No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if repayment of such funds or adequate indemnity against such risk or liability is not assured to its satisfaction. 

SECTION 7.08    Replacement of Trustee. 

(a)    The Trustee may resign at any time by so notifying the Company. The holders of a majority in principal amount of the
Notes may remove the Trustee by so notifying the Trustee and may appoint a successor Trustee. The Company shall remove the Trustee if: 

(i)    the Trustee fails to comply with Section 7.10; 

(ii)    the Trustee is adjudged bankrupt or insolvent; 

(iii)    a receiver or other public officer takes charge of the Trustee or its property; or 

(iv)    the Trustee otherwise becomes incapable of acting. 

(b)    If the Trustee resigns, is removed by the Company or by the holders of a majority in principal amount of the Notes
and such holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company shall promptly appoint
a successor Trustee. 
 (c)    A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall
mail a notice of its succession to the holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the Lien provided for in Section 7.07. 

(d)    If a successor Trustee does not take office within sixty (60) days after the retiring Trustee resigns or is
removed, the retiring Trustee or the holders of 10% in principal amount of the Notes may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee. 

(e)    If the Trustee fails to comply with Section 7.10, unless the Trustee’s duty to resign is stayed as
provided in Section 310(b) of the TIA, any holder who has been a bona fide holder of a Note for at least six months may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

  
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 (f)    Notwithstanding the replacement of the Trustee pursuant to this
Section, the Company’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 
 SECTION
7.09    Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association,
the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee. 
 In case
at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee
may adopt the certificate of authentication of any predecessor trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes
either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of
the Trustee shall have. 
 SECTION 7.10    Eligibility; Disqualification. The Trustee shall at all times satisfy
the requirements of Section 310(a) of the TIA. The Trustee shall have a combined capital and surplus of at least $50.0 million as set forth in its most recent published annual report of condition. The Trustee shall comply with
Section 310(b) of the TIA, subject to its right to apply for a stay of its duty to resign under the penultimate paragraph of Section 310(b) of the TIA; provided, however, that there shall be excluded from the operation of
Section 310(b)(1) of the TIA any series of securities issued under this Indenture and any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Company are outstanding if
the requirements for such exclusion set forth in Section 310(b)(1) of the TIA are met. 
 SECTION
7.11    Preferential Collection of Claims Against the Company. The Trustee shall comply with Section 311(a) of the TIA, excluding any creditor relationship listed in Section 311(b) of the TIA. A Trustee who has
resigned or been removed shall be subject to Section 311(a) of the TIA to the extent indicated. 
 SECTION
7.12    Escrow Authorization. Each holder of a Note, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including related documents thereto, as the same may be in effect or may be
amended from time to time in writing by the parties thereto, and authorizes and directs the Trustee to enter into the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. The Escrow
Issuer shall do or cause to be done all such acts and things as may be necessary or proper, or as may be required by the provisions of the Escrow Agreement, to assure and confirm to the Trustee the security interest contemplated by the Escrow
Agreement or any part thereof, as from time to time constituted, so as to render the same available for the security and benefit of this Indenture and of the Notes, according to the intent and purpose herein expressed. The Escrow Issuer shall take,
or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Escrow Issuer under this Indenture and the Notes as provided in the Escrow Agreement,
valid and enforceable perfected liens in and on all the Escrowed Property, in favor of the Trustee for its benefit and the ratable benefit of the holders of the Notes, prior to the rights of third Persons and subject to no other Liens. 

  
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 ARTICLE VIII 

DISCHARGE OF INDENTURE; DEFEASANCE 

SECTION 8.01    Discharge of Liability on Notes; Defeasance. 

(a)    This Indenture shall be discharged and shall cease to be of further effect (except as to surviving rights and
immunities of the Trustee and rights of registration or transfer or exchange of Notes, as expressly provided for in this Indenture) as to all outstanding Notes when: 

(i)    either (A) all the Notes theretofore authenticated and delivered (except lost, stolen or
destroyed Notes which have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust) have been
delivered to the Trustee for cancellation or (B) all of the Notes not previously delivered to the Trustee for cancellation (1) have become due and payable, (2) will become due and payable at their stated maturity within one year or
(3) if redeemable at the option of the Company, are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the
Company, and the Company has irrevocably deposited or caused to be deposited with the Trustee funds in cash, U.S. Government Obligations or a combination thereof in an amount sufficient (without consideration of any reinvestment of interest) to pay
and discharge the entire Indebtedness on the Notes not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to, but excluding, the date of deposit together with irrevocable instructions
from the Company directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; provided that upon any redemption that requires the payment of the Applicable Premium, the amount deposited shall
be sufficient for purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium calculated as of the date of the notice of redemption, with any deficit as of the date of the redemption only
required to be deposited with the Trustee on or prior to the date of the redemption; 
 (ii)    the
Company and/or the Guarantors have paid all other sums payable under this Indenture; and 
 (iii)    the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 

(b)    Subject to Sections 8.01(c) and 8.02, the Company at any time may terminate (i) all of its obligations under
the Notes and this Indenture with respect to the holders of the Notes (“legal defeasance option”), and (ii) its obligations under Sections 4.02, 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.11, 4.12, 4.14 and 4.15, and the operation
of Section 5.01 for the benefit of the holders of the Notes, and Sections 6.01(e), 6.01(f) (with respect to Significant Subsidiaries only), 6.01(g) (with respect to Significant Subsidiaries only), 6.01(h) or 6.01(i) (“covenant
defeasance option”). The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. If the Company exercises its legal defeasance option or its covenant defeasance option, each
Guarantor will be released from all of its obligations with respect to its Guarantee. 
 If the Company exercises its legal defeasance
option, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. If the Company exercises its covenant defeasance option, payment of the Notes may not be accelerated because of an Event of Default specified in
Sections 

  
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6.01(d), 6.01(e), 6.01(f) (with respect only to Significant Subsidiaries), 6.01(g) (with respect only to Significant Subsidiaries), 6.01(h) or 6.01(i) or because of the failure of the Company to
comply with Section 5.01(a)(iv). 
 Upon satisfaction of the conditions set forth herein and upon request of the Company, the Trustee
shall acknowledge in writing the discharge of those obligations that the Company terminates. 
 (c)    Notwithstanding
clauses (a) and (b) above, the Company’s obligations in Sections 2.04, 2.05, 2.06, 2.07, 2.08 and 2.09 and Article VII, including, without limitation, Sections 7.07 and 7.08, and in this Article VIII and the rights and immunities of the
Trustee under this Indenture shall survive until the Notes have been paid in full. Thereafter, the Company’s obligations in Sections 7.07, 7.08, 8.05 and 8.06 and the rights and immunities of the Trustee under this Indenture shall survive such
satisfaction and discharge. 
 SECTION 8.02    Conditions to Defeasance. 

(a)    The Company may exercise its legal defeasance option or its covenant defeasance option only if: 

(i)    the Company irrevocably deposits in trust with the Trustee cash in Dollars, U.S. Government
Obligations or a combination thereof sufficient to pay the principal of and premium (if any) and interest on the Notes when due at maturity or redemption, as the case may be; 

(ii)    with respect to U.S. Government Obligations or a combination of money and U.S. Government
Obligations, the Company delivers to the Trustee a certificate from a nationally recognized firm of independent accountants, a nationally recognized investment bank or a nationally recognized appraisal or valuation firm, expressing their opinion
that the payments of principal and interest when due and without reinvestment on the deposited U.S. Government Obligations plus any deposited money without investment will provide cash at such times and in such amounts as will be sufficient
to pay principal, premium, if any, and interest when due on all the Notes to maturity or redemption, as the case may be; provided that upon any redemption that requires the payment of the Applicable Premium, the amount deposited shall be
sufficient for purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium calculated as of the date of the notice of redemption, with any deficit as of the date of the redemption only
required to be deposited with the Trustee on or prior to the date of the redemption; 
 (iii)    no
Default specified in Section 6.01(f) or (g) with respect to the Company shall have occurred or is continuing on the date of such deposit; 

(iv)    the deposit does not constitute a default under any other material agreement or instrument binding
on the Company; 
 (v)    the Company shall have delivered to the Trustee in the case of the legal
defeasance option, an Opinion of Counsel stating that (1) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (2) since the Issue Date there has been a change in the applicable U.S.
federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the holders of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such
deposit and defeasance and will be subject to U.S. federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and defeasance had not

  
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occurred. Notwithstanding the foregoing, the Opinion of Counsel required by the immediately preceding sentence with respect to a legal defeasance need not be delivered if all of the Notes not
theretofore delivered to the Trustee for cancellation (x) have become due and payable or (y) will become due and payable at their Stated Maturity within one year under arrangements satisfactory to the Trustee for the giving of notice of
redemption by the Trustee in the name, and at the expense, of the Company; 
 (vi)    such exercise does
not impair the right of any holder to receive payment of principal of, premium, if any, and interest on such holder’s Notes on or after the due dates therefore or to institute suit for the enforcement of any payment on or with respect to such
holder’s Notes; 
 (vii)    in the case of the covenant defeasance option, the Company shall have
delivered to the Trustee an Opinion of Counsel to the effect that the holders of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such deposit and defeasance and will be subject to U.S. federal
income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; and 

(viii)    the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that all conditions precedent to the defeasance and discharge of the Notes to be so defeased and discharged as contemplated by this Article VIII have been complied with. 

(b)    Before or after a deposit, the Company may make arrangements satisfactory to the Trustee for the redemption of such
Notes at a future date in accordance with Article III. 
 SECTION 8.03    Application of Trust Money. The Trustee
shall hold in trust money or U.S. Government Obligations (including proceeds thereof) deposited with it pursuant to this Article VIII. The Trustee shall apply the deposited money and the money from U.S. Government Obligations through each Paying
Agent and in accordance with this Indenture to the payment of principal of, premium, if any, and interest on the Notes so discharged or defeased. Any trust money deposited with the Trustee under this Indenture shall be held in uncollateralized,
uninvested cash. 
 SECTION 8.04    Repayment to Company. Each of the Trustee and each Paying Agent shall
promptly turn over to the Company upon request any money or U.S. Government Obligations held by it as provided in this Article VIII that, in the written opinion of a nationally recognized firm of independent public accountants, a nationally
recognized investment bank or a nationally recognized appraisal or valuation firm, delivered to the Trustee (which delivery shall only be required if U.S. Government Obligations have been so deposited), are in excess of the amount thereof that would
then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIII. 
 Subject to any
applicable abandoned property law, the Trustee and each Paying Agent shall pay to the Company upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders
entitled to the money must look to the Company for payment as general creditors, and the Trustee and each Paying Agent shall have no further liability with respect to such monies. 

SECTION 8.05    Indemnity for U.S. Government Obligations. The Company shall pay and shall indemnify the Trustee
against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations. 

  
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 SECTION 8.06    Reinstatement. If the Trustee or any Paying Agent is
unable to apply any money or U.S. Government Obligations in accordance with this Article VIII by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, the Company’s obligations under this Indenture and the Notes so discharged or defeased shall be revived and reinstated as though no deposit had occurred pursuant to this Article VIII until such time as the Trustee
or any Paying Agent is permitted to apply all such money or U.S. Government Obligations in accordance with this Article VIII; provided, however, that, if the Company has made any payment of principal of, premium, if any, or interest
on, any such Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the holders of such Notes to receive such payment from the money or U.S. Government Obligations held by the Trustee or any Paying
Agent. 
 ARTICLE IX 

AMENDMENTS AND WAIVERS 

SECTION 9.01    Without Consent of the Holders. The Company, the Trustee, the Guarantors (with respect to this
Indenture and the Guarantees) and any other agents party hereto, as applicable, may amend, supplement or otherwise modify this Indenture, the Notes or the Guarantees without notice to or the consent of any holder: 

(1)    to cure any ambiguity, omission, mistake, defect or inconsistency; 

(2)    to provide for the assumption by a Successor Company (with respect to the Company) of the
obligations of the Company under this Indenture and the Notes (including the Assumption); 
 (3)    to
provide for the assumption by a Successor Guarantor (with respect to any Guarantor) of the obligations of a Guarantor under this Indenture and its Guarantee; 

(4)    to provide for uncertificated Notes in addition to or in place of certificated Notes;
provided that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that the uncertificated notes are described in Section 163(f)(2)(B) of the Code; 

(5)    to add a Guarantee with respect to the Notes; 

(6)    to add collateral to secure the Notes; 

(7)    to release a Guarantor or any guarantee of the Notes as permitted by and in accordance with the
applicable terms of this Indenture; 
 (8)    to add to the covenants of the Company for the benefit of
the holders or to surrender any right or power herein conferred upon the Company; 
 (9)    to make any
change that does not adversely affect the rights of any holder in any material respect; 
 (10)    to
conform the text of this Indenture, the Notes or the Guarantees to any provision of the “Description of Notes” in the Offering Memorandum to the extent that such provision in this Indenture, the Notes or the Guarantees was intended by the
Company to be a verbatim recitation of a provision in the “Description of Notes” in the Offering Memorandum, as stated in an Officers’ Certificate; 

  
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 (11)    to provide for the appointment of a successor Trustee
as permitted by and in accordance with the applicable terms of this Indenture; or 
 (12)    to comply
with any requirement of the SEC in connection with qualifying, or maintaining the qualification of, this Indenture under the Trust Indenture Act to effect any provisions of this Indenture (it being agreed that this Indenture will not on the Issue
Date, and need not thereafter, qualify under the Trust Indenture Act); or 
 (13)    to make changes to
this Indenture to provide for the issuance of Additional Notes. 
 SECTION 9.02    With Consent of the Holders.
The Company and the Trustee may amend, supplement or otherwise modify this Indenture, the Notes and the Guarantees, any existing Default or Event of Default or compliance with any provisions of this Indenture, the Notes or the Guarantees may be
waived, with the consent of the holders of at least a majority in aggregate principal amount of the Notes then outstanding (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, such Notes) voting as a
single class. However, without the consent of each holder of an outstanding Note affected, no amendment or waiver may: 

(1)    reduce the amount of Notes whose holders must consent to an amendment, 

(2)    reduce the rate of or extend the time for payment of interest on any Note, 

(3)    reduce the principal of or change the Stated Maturity of any Note, 

(4)    reduce the premium payable upon the redemption of any Note or change the time at which any Note may
be redeemed in accordance with Article III, 
 (5)    make any Note payable in a currency other than that
stated in such Note, 
 (6)    expressly subordinate the Notes or any Guarantee to any other Indebtedness
of the Company or any Guarantor, 
 (7)    impair the right of any holder to receive payment of principal
of, premium, if any, and interest on such holder’s Notes on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such holder’s Notes; 

(8)    make any change in the amendment provisions which require each holder’s consent or in the
waiver provisions; 
 (9)    waive a Default or Event of Default with respect to the nonpayment of
principal premium or interest (except pursuant to a rescission of acceleration of the Notes by the holders of at least a majority in aggregate principal amount of such Notes and a waiver of the payment default that resulted from such acceleration);

 (10)    release proceeds from the Escrow Account in any manner or at any time other than as set forth
in Section 3.09 or 4.16 and in the Escrow Agreement; or 

  
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 (11)    make any change to the provisions in this Indenture
with respect to the Escrow Issuer’s obligation to redeem the Notes through a Special Mandatory Redemption in a manner that would materially adversely affect the holders of the Notes. 

It shall not be necessary for the consent of the holders under this Section 9.02 to approve the particular form of any proposed
amendment, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment under this Section 9.02
becomes effective, the Company shall mail, or otherwise deliver in accordance with the procedures of the Depository, to the holders a notice briefly describing such amendment. The failure to give such notice to all holders, or any defect therein,
shall not impair or affect the validity of an amendment under this Section 9.02. 
 SECTION 9.03    Revocation
and Effect of Consents and Waivers. 
 (a)    A consent to an amendment or a waiver by a holder of a Note shall bind
the holder and every subsequent holder of that Note or portion of the Note that evidences the same debt as the consenting holder’s Note, even if notation of the consent or waiver is not made on the Note. However, any such holder or subsequent
holder may revoke the consent or waiver as to such holder’s Note or portion of the Note if the Trustee receives the notice of revocation before the date on which the Trustee receives an Officers’ Certificate from the Company certifying
that the requisite principal amount of Notes have consented. After an amendment or waiver becomes effective, it shall bind every holder. An amendment or waiver becomes effective upon the (i) receipt by the Company or the Trustee of consents by
the holders of the requisite principal amount of securities, (ii) satisfaction of conditions to effectiveness as set forth in this Indenture and any indenture supplemental hereto containing such amendment or waiver and (iii) execution of
such amendment or waiver (or supplemental indenture) by the Company, the Guarantors and the Trustee. 
 (b)    The
Company may, but shall not be obligated to, fix a record date for the purpose of determining the holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a
record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any
consent previously given or to take any such action, whether or not such Persons continue to be holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 

SECTION 9.04    Notation on or Exchange of Notes. If an amendment, supplement or waiver changes the terms of a
Note, the Company may require the holder of the Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms and return it to the holder. Alternatively, if the Company or the Trustee so
determine, the Company in exchange for the Note shall issue and, upon written order of the Company signed by an Officer, the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or to issue
a new Note shall not affect the validity of such amendment, supplement or waiver. 
 SECTION 9.05    Trustee to Sign
Amendments. The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article IX if the amendment does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If any amendment, supplement
or waiver authorized pursuant to this Article IX does adversely affect the rights, duties, liabilities or immunities of the Trustee, the Trustee may but need not sign any such amendment, supplement or waiver in its sole discretion. In signing such
amendment, the Trustee shall receive indemnity satisfactory to it and shall be provided with, and (subject to Section 7.01) shall be fully protected in conclusively relying upon, (i) an Officers’

  
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Certificate, (ii) an Opinion of Counsel stating that such amendment, supplement or waiver is authorized or permitted by this Indenture and that such amendment, supplement or waiver is the
legal, valid and binding obligation of the Company and any Guarantors, enforceable against them in accordance with its terms, subject to customary exceptions, and complies with the provisions hereof and (iii) if such amendment, supplement or
waiver is executed pursuant to Section 9.02, evidence reasonably satisfactory to the Trustee of the consent of the holders required to consent thereto. 

SECTION 9.06    Additional Voting Terms; Calculation of Principal Amount. All Notes issued under this Indenture
shall vote and consent together on all matters (as to which any of such Notes may vote) as one class and no Notes will have the right to vote or consent as a separate class on any matter. Determinations as to whether holders of the requisite
aggregate principal amount of Notes have concurred in any direction, waiver or consent shall be made in accordance with this Article IX and Section 2.13. 

SECTION 9.07    Compliance with the Trust Indenture Act. From the date on which this Indenture is qualified under
the TIA, every amendment, waiver or supplement to this Indenture or the Notes shall comply with the TIA as then in effect. 
 ARTICLE X

 GUARANTEE 

SECTION 10.01    Guarantee. 

(a)    Each Guarantor hereby jointly and severally guarantees, on an unsecured, unsubordinated basis, as a primary obligor
and not merely as a surety, to each holder and to the Trustee and its successors and assigns the performance and punctual payment when due, whether at Stated Maturity, by acceleration or otherwise, of all obligations of the Company under this
Indenture and the Notes, whether for payment of principal of, premium, if any, or interest on the Notes, expenses, indemnification or otherwise (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”).
Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from any Guarantor, and that each Guarantor shall remain bound under this Article X notwithstanding any
extension or renewal of any Guaranteed Obligation. 
 (b)    Each Guarantor waives presentation to, demand of payment
from and protest to the Company of any of the Guaranteed Obligations and also waives notice of protest for nonpayment. Each Guarantor waives notice of any default under the Notes or the Guaranteed Obligations. The Guarantee of each Guarantor
hereunder shall not be affected by (i) the failure of any holder or the Trustee to assert any claim or demand or to enforce any right or remedy against the Company or any other Person under this Indenture, the Notes or any other agreement or
otherwise; (ii) any extension or renewal of this Indenture, the Notes or any other agreement; (iii) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes or any other agreement;
(iv) the release of any security held by any holder or the Trustee for the Guaranteed Obligations or each Guarantor; (v) the failure of any holder or Trustee to exercise any right or remedy against any other guarantor of the Guaranteed
Obligations; or (vi) any change in the ownership of each Guarantor, except as provided in Section 10.02(b). Each Guarantor hereby waives any right to which it may be entitled to have its Guarantee hereunder divided among the Guarantors,
such that such Guarantor’s Guarantee would be less than the full amount claimed. 
 (c)    Each Guarantor hereby
waives any right to which it may be entitled to have the assets of the Company first be used and depleted as payment of the Company’s obligations under this Indenture and the Notes or such Guarantor’s Guarantee hereunder prior to any
amounts being claimed from or paid by such Guarantor hereunder. Each Guarantor hereby waives any right to which it may be entitled to require that the Company be sued prior to an action being initiated against such Guarantor. 

  
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 (d)    Each Guarantor further agrees that its Guarantee herein constitutes a
guarantee of payment and performance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any holder or the Trustee to any security held for payment of the Guaranteed Obligations. 

(e)    The Guarantee of each Guarantor is, to the extent and in the manner set forth in this Article X, equal in right of
payment to all existing and future Pari Passu Indebtedness and senior in right of payment to all existing and future Subordinated Indebtedness of such Guarantor. 

(f)    Except as expressly set forth in Sections 8.01(b), 10.02 and 10.06, the Guarantee of each Guarantor hereunder shall
not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or
termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the Guarantee of each Guarantor herein shall not be discharged or
impaired or otherwise affected by the failure of any holder or the Trustee to assert any claim or demand or to enforce any remedy under this Indenture, the Notes or any other agreement, by any waiver or modification of any thereof, by any default,
failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of any Guarantor
or would otherwise operate as a discharge of any Guarantor as a matter of law or equity. 
 (g)    Each Guarantor agrees
that its Guarantee shall remain in full force and effect until payment in full of all the Guaranteed Obligations of such Guarantor. Each Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case
may be, if at any time payment, or any part thereof, of principal of or interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any holder or the Trustee upon the bankruptcy or reorganization of the Company or otherwise.

 (h)    In furtherance of the foregoing and not in limitation of any other right which any holder or the Trustee has
at law or in equity against any Guarantor by virtue hereof, upon the failure of the Company to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, by redemption
or otherwise, or to perform or comply with any other Guaranteed Obligation, each Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the holders or the Trustee an
amount equal to the sum of (i) the unpaid principal amount of such Guaranteed Obligations, (ii) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by applicable law) and (iii) all other
monetary obligations of the Company to the holders and the Trustee under this Indenture and the Notes. 
 (i)    Each
Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the holders in respect of any Guaranteed Obligations guaranteed hereby until payment in full of all Guaranteed Obligations. Each Guarantor further agrees that,
as between it, on the one hand, and the holders and the Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in Article VI for the purposes of the Guarantee herein,
notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations guaranteed hereby, and (ii) in the event of any declaration of acceleration of such Guaranteed Obligations as
provided in Article VI, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purposes of this Section 10.01. 

  
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 (j)    Each Guarantor also agrees to pay any and all expenses (including
reasonable attorneys’ fees and expenses) incurred by the Trustee in enforcing any rights under this Section 10.01. 

(k)    Upon request of the Trustee, each Guarantor shall execute and deliver such further instruments and do such further
acts as may be reasonably necessary to carry out more effectively the purpose of this Indenture. 
 SECTION
10.02    Limitation on Liability. 
 (a)    Any term or provision of this Indenture to the
contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed hereunder by each Guarantor shall not exceed the maximum amount that can be hereby guaranteed by the applicable Guarantor without rendering the
Guarantee, as it relates to such Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally or capital maintenance or corporate benefit rules
applicable to guarantees for obligations of affiliates. 
 (b)    A Guarantee as to any Guarantor shall automatically
terminate and be of no further force or effect and such Guarantor shall be automatically released from all obligations under this Article X upon: 

(i)    the sale, disposition, exchange or other transfer (including through merger, consolidation,
amalgamation or otherwise) of the Capital Stock (including any sale, disposition or other transfer following which the applicable Guarantor is no longer a Restricted Subsidiary), of the applicable Guarantor if such sale, disposition, exchange or
other transfer is made in a manner not in violation of this Indenture; 
 (ii)    the designation of such
Guarantor as an Unrestricted Subsidiary in accordance with the provisions of Section 4.04 and the definition of “Unrestricted Subsidiary”; 

(iii)    the release or discharge of the guarantee by such Guarantor of Credit Facility Indebtedness, or
the release or discharge of such other guarantee that resulted in the creation of such Guarantee, except a discharge or release by or as a result of payment under such guarantee (it being understood that a release subject to a contingent
reinstatement will constitute a release for the purposes of this Section 10.02(b), and that if any such Guarantee is so reinstated, such Guarantee shall also be reinstated to the extent that such Guarantor would then be required to provide a
Guarantee pursuant to Section 4.11); 
 (iv)    the Company’s exercise of its legal defeasance
option or covenant defeasance option under Article VIII or if the Company’s obligations under this Indenture are discharged in accordance with the terms of this Indenture; or 

(v)    such Restricted Subsidiary ceasing to be a Subsidiary as a result of any foreclosure of any pledge
or security interest securing Credit Facility Indebtedness or other exercise of remedies in respect thereof. 
 SECTION
10.03    Successors and Assigns. This Article X shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of and be enforceable by the successors and assigns of the Trustee and the
holders and, in the event of any transfer or assignment of rights by any 

  
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holder or the Trustee, the rights and privileges conferred upon that party in this Indenture and in the Notes shall automatically extend to and be vested in such transferee or assignee, all
subject to the terms and conditions of this Indenture. 
 SECTION 10.04    No Waiver. Neither a failure nor a
delay on the part of either the Trustee or the holders in exercising any right, power or privilege under this Article X shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any
right, power or privilege. The rights, remedies and benefits of the Trustee and the holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article X at law, in
equity, by statute or otherwise. 
 SECTION 10.05    Modification. No modification, amendment or waiver of any
provision of this Article X, nor the consent to any departure by any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given. No notice to or demand on any Guarantor in any case shall entitle any Guarantor to any other or further notice or demand in the same, similar or other circumstances. 

SECTION 10.06    Execution of Supplemental Indenture for Future Guarantors. Each Subsidiary which is required to
become a Guarantor of the Notes pursuant to Section 4.11 shall, within the time period set forth therein, execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit D hereto pursuant to which such
Subsidiary shall become a Guarantor under this Article X and shall guarantee the Guaranteed Obligations. Concurrently with the execution and delivery of such supplemental indenture, the Company shall deliver to the Trustee an Opinion of Counsel and
an Officers’ Certificate certifying that such supplemental indenture has been duly authorized, executed and delivered by such Subsidiary and that, subject to the application of bankruptcy, insolvency, moratorium, fraudulent conveyance or
transfer and other similar laws relating to creditors’ rights generally and to the principles of equity, whether considered in a proceeding at law or in equity, and subject to other customary exceptions, the Guarantee of such Guarantor is a
valid and binding obligation of such Guarantor, enforceable against such Guarantor in accordance with its terms. 
 SECTION
10.07    Non-Impairment. The failure to endorse a Guarantee on any Note shall not affect or impair the validity thereof. 

ARTICLE XI 

MISCELLANEOUS 
 SECTION
11.01    Trust Indenture Act Controls. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or with another provision (an “incorporated provision”)
included in this Indenture by operation of, Sections 310 to 318 of the TIA, inclusive, such imposed duties or incorporated provision shall control. 

  
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 SECTION 11.02    Notices. 

(a)    Any notice or communication required or permitted hereunder shall be in writing and delivered in person, via
facsimile or mailed by first-class mail addressed as follows: 
 if to the Company or a Guarantor:  
 Multi-Color Corporation 

4053 Clough Woods Dr. 
 Batavia,
OH 45103 
 Facsimile: (513) 345-1102 

Attention: Sharon E. Birkett 

with a copy to: 
 Keating
Muething & Klekamp PLL 
 One East Fourth Street, Suite 1400 

Cincinnati, OH 45202 

Facsimile: (513) 579-6457 

Attention: Michael J. Moeddel, Esq. 

         F. Mark Reuter, Esq. 

if to the Trustee: 
 U.S. Bank
National Association 
 Attn: Daniel Boyers 

425 Walnut Street 
 CN-OH-W6CT 
 Cincinnati, OH 45202 

Telephone: 513-632-2077 

Email: daniel.boyers@usbank.com 

with a copy to: 
 Taft
Stettinius & Hollister LLP 
 425 Walnut Street, Suite 1800 

Cincinnati, OH 45202 

Facsimile: (513) 381-0205 

Attn: Bridget C. Hoffman, Esq. 
 The Company or
the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications. 

(b)    Any notice or communication mailed to a holder shall be mailed, by first-class mail, to the holder at the
holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 

(c)    Failure to mail a notice or communication to a holder or any defect in it shall not affect its sufficiency with
respect to other holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it, except that notices to the Trustee are effective only if received. 

The Trustee may, in its sole discretion, agree to accept and act upon instructions or directions pursuant to this Indenture sent by e-mail, facsimile transmission or other similar electronic methods. If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar
electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding 

  
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of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and
compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic instructions agrees to assume all risks arising out of the use of such electronic
methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third parties. 

Notwithstanding anything to the contrary contained herein, as long as the Notes are in the form of a Global Note, notice to the holders may be
made electronically in accordance with procedures of the Depository. 
 SECTION 11.03    Communication by the Holders
with Other Holders. The holders may communicate pursuant to Section 312(b) of the TIA with other holders with respect to their rights under this Indenture or the Notes. The Company, the Trustee, the Registrar and other Persons shall have
the protection of Section 312(c) of the TIA. 
 SECTION 11.04    Certificate and Opinion as to Conditions
Precedent. Upon any request or application by the Company to the Trustee to take or refrain from taking any action under this Indenture, the Company shall furnish to the Trustee at the request of the Trustee: 

(a)    an Officers’ Certificate in form reasonably satisfactory to the Trustee stating that, in the opinion of the
signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b)    except upon the issuance of the Initial Notes, an Opinion of Counsel in form reasonably satisfactory to the Trustee
stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
 SECTION
11.05    Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture (other than pursuant to Section 4.09) shall
include: 
 (a)    a statement that the individual making such certificate or opinion has read such covenant or
condition; 
 (b)    a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
 (c)    a statement that, in the opinion of
such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d)    a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied
with; provided, however, that with respect to matters of fact an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public officials. 

SECTION 11.06    When Notes Disregarded. In determining whether the holders of the required principal amount of
Notes have concurred in any direction, waiver or consent, Notes owned by the Company, the Guarantors or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or the Guarantors
shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be protected in relying 

  
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on any such direction, waiver or consent, only Notes which the Trustee actually knows are so owned shall be so disregarded. Subject to the foregoing, only Notes outstanding at the time shall be
considered in any such determination. 
 SECTION 11.07    Rules by Trustee, Paying Agent and Registrar. The
Trustee may make reasonable rules for action by or a meeting of the holders. The Registrar and a Paying Agent may make reasonable rules for their functions. 

SECTION 11.08    Legal Holidays. If a payment date is not a Business Day, payment shall be made on the next
succeeding day that is a Business Day, and no interest shall accrue on any amount that would have been otherwise payable on such payment date if it were a Business Day for the intervening period. If a regular Record Date is not a Business Day, the
Record Date shall not be affected. 
 SECTION 11.09    GOVERNING LAW. THIS INDENTURE, THE NOTES AND THE
GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION
11.10    No Recourse Against Others. No director, officer, employee, manager, incorporator or holder of any Equity Interests in the Company or any direct or indirect parent company of the Company, as such, shall have any
liability for any obligations of the Company or any Guarantor under the Notes, the Guarantees or this Indenture, as applicable, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each holder of Notes by
accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

SECTION 11.11    Successors. All agreements of the Company and the Guarantors in this Indenture and the Notes shall
bind such person’s successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 SECTION
11.12    Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove
this Indenture. Notwithstanding the foregoing, the exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may
be used in lieu of the original Indenture and signature pages for all purposes. 
 SECTION 11.13    Table of
Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not
modify or restrict any of the terms or provisions hereof. 
 SECTION 11.14    Indenture Controls. If and to the
extent that any provision of the Notes limits, qualifies or conflicts with a provision of this Indenture, such provision of this Indenture shall control. 

SECTION 11.15    Severability. In case any provision in this Indenture shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability. 

SECTION 11.16    Waiver of Jury Trial. EACH OF THE COMPANY, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 

  
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 SECTION 11.17    U.S.A. Patriot Act. The parties hereto acknowledge
that in accordance with Section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)) (“U.S.A. Patriot Act”), the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information
that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee
to satisfy the requirements of the U.S.A. Patriot Act. 
 [Remainder of page intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed as of the date
first written above. 
  

			
	MULTI-COLOR ESCROW ISSUER, LLC
		
	By:	 	 /s/ Sharon E. Birkett

	Name:	 	Sharon E. Birkett
	Title:	 	Vice President, Chief Financial Officer and Secretary

  
 [Signature Page to
Indenture] 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Daniel Boyers

	Name:	 	Daniel Boyers
	Title:	 	Vice President

  
 [Signature Page to
Indenture] 

 APPENDIX A 

PROVISIONS RELATING TO INITIAL NOTES AND ADDITIONAL NOTES 

1.    Definitions. 

1.1    Definitions. 

For the purposes of this Appendix A the following terms shall have the meanings indicated below: 

“Definitive Note” means a certificated Initial Note or Additional Note (bearing the Restricted Notes Legend if the transfer
of such Note is restricted by applicable law) that does not include the Global Notes Legend. 
 “Depository” means The
Depository Trust Company, its nominees and their respective successors. 
 “Global Notes Legend” means the legend set forth
under that caption in the applicable Exhibit to this Indenture. 
 “Initial Purchasers” means Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Citigroup Global Markets Inc., BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., Fifth Third Securities, Inc. and Rabo Securities USA,
Inc. 
 “Notes Custodian” means the custodian with respect to a Global Note (as appointed by the Depository) or any
successor person thereto, who shall initially be the Trustee. 
 “QIB” means a “qualified institutional buyer” as
defined in Rule 144A. 
 “Regulation S” means Regulation S under the Securities Act. 

“Regulation S Notes” means all Initial Notes offered and sold outside the United States in reliance on Regulation S. 

“Restricted Notes Legend” means the applicable legend set forth in Section 2.2(f)(i) herein. 

“Restricted Period,” with respect to any Notes, means the period of 40 consecutive days beginning on and including the later
of (a) the day on which such Notes are first offered to persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S, notice of which day shall be promptly given by the Company to the
Trustee, and (b) the Issue Date, and with respect to any Additional Notes that are Transfer Restricted Notes, it means the comparable period of 40 consecutive days. 

“Rule 501” means Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 

“Rule 144A” means Rule 144A under the Securities Act. 

“Rule 144A Notes” means all Initial Notes offered and sold to QIBs in reliance on Rule 144A. 

  
 Appendix A-1 

 “Transfer Restricted Definitive Notes” means Definitive Notes that bear or are
required to bear or are subject to the Restricted Notes Legend. 
 “Transfer Restricted Global Notes” means Global Notes
that bear or are required to bear or are subject to the Restricted Notes Legend. 
 “Transfer Restricted Notes” means the
Transfer Restricted Definitive Notes and Transfer Restricted Global Notes. 
 “Unrestricted Definitive Notes” means
Definitive Notes that are not required to bear, or are not subject to, the Restricted Notes Legend. 
 “Unrestricted Global
Notes” means Global Notes that are not required to bear, or are not subject to, the Restricted Notes Legend. 

1.2    Other Definitions. 
  

			
	Term:	  	Defined in Section:
	 Agent Members
	  	2.1(b)
	 Clearstream
	  	2.1(b)
	 Euroclear
	  	2.1(b)
	 Global Notes
	  	2.1(b)
	 Regulation S Global Notes
	  	2.1(b)
	 Regulation S Permanent Global Note
	  	2.1(b)
	 Regulation S Temporary Global Note
	  	2.1(b)
	 Rule 144A Global Notes
	  	2.1(b)

 2.    The Notes. 

2.1    Form and Dating; Global Notes. 

(a)    The Initial Notes issued on the date hereof will be (i) privately placed by the Company pursuant to the
Offering Memorandum and (ii) sold, initially only to (1) QIBs in reliance on Rule 144A and (2) Persons other than U.S. Persons (as defined in Regulation S) in reliance on Regulation S. Such Initial Notes may thereafter be transferred
to, among others, QIBs and purchasers in reliance on Regulation S. Additional Notes offered after the date hereof may be offered and sold by the Company from time to time pursuant to one or more agreements in accordance with applicable law. 

(b)    Global Notes. (i) Except as provided in clause (d) of Section 2.2 below, Rule 144A Notes
initially shall be represented by one or more Notes in definitive, fully registered, global form without interest coupons (collectively, the “Rule 144A Global Notes”). 

Regulation S Notes shall be represented by one or more Notes in fully registered, global form without interest coupons (collectively, the
“Regulation S Global Notes”), which shall be registered in the name of the Depository or the nominee of the Depository for the accounts of designated agents holding on behalf of Euroclear Bank SA/NV, as operator of the Euroclear
system (“Euroclear”) or Clearstream Banking, société anonyme (“Clearstream”). 
 The
aggregate principal amount of the Regulation S Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depository or its nominee, as the case may be, in connection with transfers of
interest as hereinafter provided. 

  
 Appendix A-2 

 The provisions of the “Operating Procedures of the Euroclear System” and “Terms
and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream shall be applicable to transfers of beneficial interests in the Regulation S
Global Notes that are held by direct or indirect participants through Euroclear or Clearstream. 
 The term “Global Notes”
means the Rule 144A Global Notes and the Regulation S Global Notes. The Global Notes shall bear the Global Note Legend. The Global Notes initially shall (i) be registered in the name of the Depository or the nominee of such Depository, in each
case for credit to an account of an Agent Member, (ii) be delivered to the Trustee as custodian for such Depository and (iii) bear the Restricted Notes Legend. 

Members of, or direct or indirect participants in, the Depository (collectively, the “Agent Members”) shall have no rights
under this Indenture with respect to any Global Note held on their behalf by the Depository, or the Trustee as its custodian, or under the Global Notes. 

The Depository may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the sole owner of the Global Notes
for all purposes under the Indenture and the Notes. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depository, or impair, as between the Depository and its Agent Members, the operation of customary practices governing the exercise of the rights of a holder of any Note. 

(ii)    Transfers of Global Notes shall be limited to transfer in whole, but not in part, to the Depository, its
successors or their respective nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Definitive Notes only in accordance with the applicable rules and procedures of the Depository and the provisions of
Section 2.2. In addition, a Global Note shall be exchangeable for Definitive Notes if (x) the Depository (1) notifies the Company at any time that it is unwilling or unable to continue as depositary for such Global Note and a
successor depositary is not appointed within ninety (90) days or (2) has ceased to be a clearing agency registered under the Exchange Act and a successor depositary is not appointed within ninety (90) days, (y) the Company, at its
option, notifies the Trustee that the Company elects to cause the issuance of Definitive Notes or (z) there shall have occurred and be continuing an Event of Default with respect to such Global Note and a request has been made for such
exchange. In all cases, Definitive Notes delivered in exchange for any Global Note or beneficial interests therein shall be registered in the names, and issued in any approved denominations, requested by or on behalf of the Depository in accordance
with its customary procedures. 
 (iii)    In connection with the transfer of a Global Note as an entirety to beneficial
owners pursuant to subsection (ii) of this Section 2.1(b), such Global Note shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and, upon written order of the Company signed by an Officer, the
Trustee shall authenticate and make available for delivery, to each beneficial owner identified by the Depository in writing in exchange for its beneficial interest in such Global Note, an equal aggregate principal amount of Definitive Notes of
authorized denominations. 
 (iv)    Any Transfer Restricted Note delivered in exchange for an interest in a Global Note
pursuant to Section 2.2 shall, except as otherwise provided in Section 2.2, bear the Restricted Notes Legend. 

(v)    Notwithstanding the foregoing, through the Restricted Period, a beneficial interest in a Regulation S Global Note
may be held only through Euroclear or Clearstream unless delivery is made in accordance with the applicable provisions of Section 2.2. 

  
 Appendix A-3 

 (vi)    The holder of any Global Note may grant proxies and otherwise
authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a holder is entitled to take under this Indenture or the Notes. 

2.2    Transfer and Exchange. 

(a)    Transfer and Exchange of Global Notes. A Global Note may not be transferred as a whole except as set forth in
Section 2.1(b). Global Notes will not be exchanged by the Company for Definitive Notes except under the circumstances described in Section 2.1(b)(ii). Global Notes also may be exchanged or replaced, in whole or in part, as provided in
Section 2.08 of this Indenture. Beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.2(b). 

(b)    Transfer and Exchange of Beneficial Interests in Global Notes. The transfer and exchange of beneficial
interests in the Global Notes shall be effected through the Depository, in accordance with the provisions of this Indenture and the applicable rules and procedures of the Depository. Beneficial interests in Transfer Restricted Global Notes shall be
subject to restrictions on transfer comparable to those set forth herein. Beneficial interests in Global Notes shall be transferred or exchanged only for beneficial interests in Global Notes. Transfers and exchanges of beneficial interests in the
Global Notes also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 

(i)    Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any
Transfer Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Transfer Restricted Global Note in accordance with the transfer restrictions set forth in the Restricted Notes
Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in a Regulation S Global Note may not be made to a U.S. Person or for the account or benefit of a U.S. Person. A
beneficial interest in an Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to
the Registrar to effect the transfers described in this Section 2.2(b)(i). 
 (ii)    All Other
Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and exchanges of beneficial interests in any Global Note that is not subject to Section 2.2(b)(i), the transferor of such beneficial interest
must deliver to the Registrar (1) a written order from an Agent Member given to the Depository in accordance with the applicable rules and procedures of the Depository directing the Depository to credit or cause to be credited a beneficial
interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given in accordance with the applicable rules and procedures of the Depository containing information regarding
the Agent Member account to be credited with such increase. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise applicable under the
Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note pursuant to Section 2.2(g). 

(iii)    Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest
in a Transfer Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Transfer Restricted Global Note if the transfer complies with the requirements of Section 2.2(b)(ii)
above and the Registrar receives the following: 
 (A)    if the transferee will take delivery in the
form of a beneficial interest in a Rule 144A Global Note, then the transferor must deliver a certificate in the form attached to the applicable Note; and 

  
 Appendix A-4 

 (B)    if the transferee will take delivery in the form of a
beneficial interest in a Regulation S Global Note, then the transferor must deliver a certificate in the form attached to the applicable Note. 

(iv)    Transfer and Exchange of Beneficial Interests in a Transfer Restricted Global Note for Beneficial
Interests in an Unrestricted Global Note. A beneficial interest in a Transfer Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery
thereof in the form of a beneficial interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.2(b)(ii) above and the Registrar receives the following: 

(A)    if the holder of such beneficial interest in a Transfer Restricted Global Note proposes to exchange
such beneficial interest for a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form attached to the applicable Note; or 

(B)    if the holder of such beneficial interest in a Transfer Restricted Global Note proposes to transfer
such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form attached to the applicable Note, 

and, in each such case, if the Company or the Registrar so request or if the applicable rules and procedures of the Depository so require, an
Opinion of Counsel in form reasonably acceptable to the Company and the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Restricted
Notes Legend are no longer required in order to maintain compliance with the Securities Act. If any such transfer or exchange is effected pursuant to this subparagraph (iv) at a time when an Unrestricted Global Note has not yet been issued, the
Company shall issue and, upon receipt of an written order of the Company in the form of an Officers’ Certificate in accordance with Section 2.01 of the Indenture, the Trustee shall authenticate one or more Unrestricted Global Notes in an
aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred or exchanged pursuant to this subparagraph (iv). 

(v)    Transfer and Exchange of Beneficial Interests in an Unrestricted Global Note for Beneficial
Interests in a Transfer Restricted Global Note. Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Transfer Restricted Global
Note. 
 (c)    Transfer and Exchange of Beneficial Interests in Global Notes for Definitive Notes. A beneficial
interest in a Global Note may not be exchanged for a Definitive Note except under the circumstances described in Section 2.1(b)(ii). A beneficial interest in a Global Note may not be transferred to a Person who takes delivery thereof in the
form of a Definitive Note except under the circumstances described in Section 2.1(b)(ii). In any case, beneficial interests in Global Notes shall be transferred or exchanged only for Definitive Notes. 

  
 Appendix A-5 

 (d)    Transfer and Exchange of Definitive Notes for Beneficial Interests
in Global Notes. Transfers and exchanges of Definitive Notes for beneficial interests in the Global Notes also shall require compliance with either subparagraph (i), (ii) or (iii) below, as applicable: 

(i)    Transfer Restricted Definitive Notes to Beneficial Interests in Transfer Restricted Global
Notes. If any holder of a Transfer Restricted Definitive Note proposes to exchange such Transfer Restricted Definitive Note for a beneficial interest in a Transfer Restricted Global Note or to transfer such Transfer Restricted Definitive Note to
a Person who takes delivery thereof in the form of a beneficial interest in a Transfer Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 

(A)    if the holder of such Transfer Restricted Definitive Note proposes to exchange such Transfer
Restricted Note for a beneficial interest in a Transfer Restricted Global Note, a certificate from such holder in the form attached to the applicable Note; 

(B)    if such Transfer Restricted Definitive Note is being transferred to a QIB in accordance with Rule
144A under the Securities Act, a certificate from such holder in the form attached to the applicable Note; 

(C)    if such Transfer Restricted Definitive Note is being transferred to a Person who is not a U.S.
person (as defined in Regulation S) in an offshore transaction in accordance with Rule 903 or Rule 904 under the Securities Act, a certificate from such holder in the form attached to the applicable Note; 

(D)    if such Transfer Restricted Definitive Note is being transferred pursuant to an exemption from the
registration requirements of the Securities Act in accordance with Rule 144 under the Securities Act, a certificate from such holder in the form attached to the applicable Note; 

(E)    if such Transfer Restricted Definitive Note is being transferred in reliance on an exemption from
the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate from such holder in the form attached to the applicable Note, including the certifications, certificates and
Opinion of Counsel, if applicable; or 
 (F)    if such Transfer Restricted Definitive Note is being
transferred to the Company or a Subsidiary thereof, a certificate from such holder in the form attached to the applicable Note; 
 the
Trustee shall cancel the Transfer Restricted Definitive Note, and increase or cause to be increased the aggregate principal amount of the appropriate Transfer Restricted Global Note. 

(ii)    Transfer Restricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A
holder of a Transfer Restricted Definitive Note may exchange such Transfer Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note or transfer such Transfer Restricted Definitive Note to a Person who takes delivery
thereof in the form of a beneficial interest in an Unrestricted Global Note only if the Registrar receives the following: 

(A)    if the holder of such Transfer Restricted Definitive Note proposes to exchange such Transfer
Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form attached to the applicable Note; or 

  
 Appendix A-6 

 (B)    if the holder of such Transfer Restricted Definitive
Notes proposes to transfer such Transfer Restricted Definitive Note to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form attached to the
applicable Note, 
 and, in each such case, if the Company or the Registrar so request or if the applicable rules and procedures of the
Depository so require, an Opinion of Counsel in form reasonably acceptable to the Company and the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein
and in the Restricted Notes Legend are no longer required in order to maintain compliance with the Securities Act. Upon satisfaction of the conditions of this subparagraph (ii), the Trustee shall cancel the Transfer Restricted Definitive Notes and
increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. If any such transfer or exchange is effected pursuant to this subparagraph (ii) at a time when an Unrestricted Global Note has not yet been
issued, the Company shall issue and, upon receipt of an written order of the Company in the form of an Officers’ Certificate, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the
aggregate principal amount of Transfer Restricted Notes transferred or exchanged pursuant to this subparagraph (ii). 

(iii)    Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A
holder of an Unrestricted Definitive Note may exchange such Unrestricted Definitive Note for a beneficial interest in an Unrestricted Global Note or transfer such Unrestricted Definitive Note to a Person who takes delivery thereof in the form of a
beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate
principal amount of one of the Unrestricted Global Notes. If any such transfer or exchange is effected pursuant to this subparagraph (iii) at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon
receipt of an written order of the Company in the form of an Officers’ Certificate, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal amount of Unrestricted
Definitive Notes transferred or exchanged pursuant to this subparagraph (iii). 
 (iv)    Unrestricted
Definitive Notes to Beneficial Interests in Transfer Restricted Global Notes. An Unrestricted Definitive Note cannot be exchanged for, or transferred to a Person who takes delivery thereof in the form of, a beneficial interest in a Transfer
Restricted Global Note. 
 (e)    Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by
a holder of Definitive Notes and such holder’s compliance with the provisions of this Section 2.2(e), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the
requesting holder shall present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such holder or by its attorney, duly
authorized in writing. In addition, the requesting holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.2(e). 

  
 Appendix A-7 

 (i)    Transfer Restricted Definitive Notes to Transfer
Restricted Definitive Notes. A Transfer Restricted Note may be transferred to and registered in the name of a Person who takes delivery thereof in the form of a Transfer Restricted Definitive Note if the Registrar receives the following: 

(A)    if the transfer will be made pursuant to Rule 144A under the Securities Act, then the transferor
must deliver a certificate in the form attached to the applicable Note; 
 (B)    if the transfer will be
made pursuant to Rule 903 or Rule 904 under the Securities Act, then the transferor must deliver a certificate in the form attached to the applicable Note; 

(C)    if the transfer will be made pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144 under the Securities Act, a certificate in the form attached to the applicable Note; 

(D)    if the transfer will be made in reliance on an exemption from the registration requirements of the
Securities Act other than those listed in subparagraphs (A) through (D) above, a certificate in the form attached to the applicable Note; and 

(E)    if such transfer will be made to the Company or a Subsidiary thereof, a certificate in the form
attached to the applicable Note. 
 (ii)    Transfer Restricted Definitive Notes to Unrestricted
Definitive Notes. Any Transfer Restricted Definitive Note may be exchanged by the holder thereof for an Unrestricted Definitive Note or transferred to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note if the
Registrar receives the following: 
 (A)    if the holder of such Transfer Restricted Definitive Note
proposes to exchange such Transfer Restricted Definitive Note for an Unrestricted Definitive Note, a certificate from such holder in the form attached to the applicable Note; or 

(B)    if the holder of such Transfer Restricted Definitive Note proposes to transfer such Notes to a
Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form attached to the applicable Note, 

and, in each such case, if the Company or the Registrar so request, an Opinion of Counsel in form reasonably acceptable to the Company and the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Restricted Notes Legend are no longer required in order to maintain compliance with the
Securities Act. 
 (iii)    Unrestricted Definitive Notes to Unrestricted Definitive Notes. A
holder of an Unrestricted Definitive Note may transfer such Unrestricted Definitive Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note at any time. Upon receipt of a request to register such a transfer, the
Registrar shall register the Unrestricted Definitive Notes pursuant to the instructions from the holder thereof. 

  
 Appendix A-8 

 (iv)    Unrestricted Definitive Notes to Transfer
Restricted Definitive Notes. An Unrestricted Definitive Note cannot be exchanged for, or transferred to a Person who takes delivery thereof in the form of, a Transfer Restricted Definitive Note. 

At such time as all beneficial interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has
been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or retained and canceled by the Trustee in accordance with Section 2.10 of the Indenture. At any time prior to such cancellation, if any
beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such
Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or
transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the
Depository at the direction of the Trustee to reflect such increase. 
 (f)    Legend. 

(i)    Except as permitted by the following paragraph (iii), (iv) or (v), each Note certificate evidencing the Global Notes
and any Definitive Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form (each defined term in the legend being defined as such for purposes of the legend only): 

“THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAWS, AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE
EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY OR ANY INTEREST OR PARTICIPATION HEREIN IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE
144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY OR ANY INTEREST OR PARTICIPATION HEREIN AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN MAY BE RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE
SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
(AND BASED UPON AN OPINION OF COUNSEL, 

  
 Appendix A-9 

 
CERTIFICATION AND/OR OTHER INFORMATION ACCEPTABLE TO THE COMPANY IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN
ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY OR ANY INTEREST OR
PARTICIPATION HEREIN EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.” 

[[FOR REGULATION S GLOBAL NOTE ONLY] “THE SECURITIES COVERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED AND SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (I) AS PART OF YOUR DISTRIBUTION AT ANY TIME OR (II) OTHERWISE UNTIL 40 DAYS AFTER THE
LATER OF THE DATE THE SECURITIES WERE FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS IN RELIANCE UPON REGULATION S AND THE CLOSING DATE, EXCEPT IN EITHER CASE IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT (OR IN ACCORDANCE WITH
RULE 144A UNDER THE SECURITIES ACT OR TO ACCREDITED INVESTORS IN TRANSACTIONS THAT ARE EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT), AND IN CONNECTION WITH ANY SUBSEQUENT SALE BY YOU OF THE SECURITIES COVERED HEREBY IN
RELIANCE ON REGULATION S UNDER THE SECURITIES ACT DURING THE PERIOD REFERRED TO ABOVE TO ANY DISTRIBUTOR, DEALER OR PERSON RECEIVING A SELLING CONCESSION, FEE OR OTHER REMUNERATION, YOU MUST DELIVER A NOTICE TO SUBSTANTIALLY THE FOREGOING
EFFECT. TERMS USED ABOVE HAVE THE MEANINGS ASSIGNED TO THEM IN REGULATION S UNDER THE SECURITIES ACT.”] 
 Each Definitive Note shall bear the
following additional Legend: 
 “IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH
CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.” 

(ii)    Upon any sale or transfer of a Transfer Restricted Definitive Note, the Registrar shall permit the
holder thereof to exchange such Transfer Restricted Note for a Definitive Note that does not bear the legends set forth above and rescind any restriction on the transfer of such Transfer Restricted Definitive Note if the holder certifies in writing
to the Registrar that its request for such exchange was made in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Initial Note). 

(iii)    Upon a sale or transfer after the expiration of the Restricted Period of any Initial Note acquired
pursuant to Regulation S, all requirements that such Initial Note bear the Restricted Notes Legend shall cease to apply and the requirements requiring any such Initial Note be issued in global form shall continue to apply. 

  
 Appendix A-10 

 (g)    Cancellation or Adjustment of Global Note. At such time as all
beneficial interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or retained and
canceled by the Trustee in accordance with Section 2.10 of this Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the
form of a beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the
Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 

(h)    Obligations with Respect to Transfers and Exchanges of Notes. 

(i)    To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall
authenticate, Definitive Notes and Global Notes at the Registrar’s request. 
 (ii)    No service
charge shall be made for any registration of transfer or exchange of Notes, but the Company may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than
any such transfer taxes, assessments or similar governmental charge payable upon exchanges pursuant to Sections 3.06, 4.06, 4.08 and 9.05 of this Indenture). 

(iii)    Prior to the due presentation for registration of transfer of any Note, the Company, the Trustee,
a Paying Agent or the Registrar may deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Note and for all other purposes whatsoever,
whether or not such Note is overdue, and none of the Company, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

(iv)    All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall
evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 

(i)    No Obligation of the Trustee. 

(i)    The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a
member of, or a participant in the Depository or any other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with
respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such Notes. All
notices and communications to be given to the holders and all payments to be made to the holders under the Notes shall be given or made only to the registered holders (which shall be the Depository or its nominee in the case of a Global Note). The
rights of beneficial owners in any Global Note shall be exercised only through the Depository subject to the applicable rules and procedures of the Depository. The Trustee may rely and shall be fully protected in relying upon information furnished
by the Depository with respect to its members, participants and any beneficial owners. 

  
 Appendix A-11 

 (ii)    The Trustee shall have no obligation or duty to
monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depository
participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this
Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

  
 Appendix A-12 

 EXHIBIT A 

[FORM OF FACE OF INITIAL NOTE] 

[Global Notes Legend] 

“UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO
TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH
IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.” 
 [Restricted Notes Legend] 

“THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES
FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE
144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A FOREIGN
PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR
(d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY), (2) TO THE COMPANY OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT 

  
 Exhibit A-1 

 
HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF
THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.” 
 [[FOR REGULATION S GLOBAL NOTE ONLY] “THE
SECURITIES COVERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED AND SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS
(I) AS PART OF YOUR DISTRIBUTION AT ANY TIME OR (II) OTHERWISE UNTIL 40 DAYS AFTER THE LATER OF THE DATE THE SECURITIES WERE FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS IN RELIANCE UPON REGULATION S AND THE CLOSING DATE, EXCEPT
IN EITHER CASE IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT (OR IN ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT OR TO ACCREDITED INVESTORS IN TRANSACTIONS THAT ARE EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT), AND IN CONNECTION WITH ANY SUBSEQUENT SALE BY YOU OF THE SECURITIES COVERED HEREBY IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT DURING THE PERIOD REFERRED TO ABOVE TO ANY DISTRIBUTOR, DEALER OR PERSON RECEIVING A SELLING
CONCESSION, FEE OR OTHER REMUNERATION, YOU MUST DELIVER A NOTICE TO SUBSTANTIALLY THE FOREGOING EFFECT. TERMS USED ABOVE HAVE THE MEANINGS ASSIGNED TO THEM IN REGULATION S UNDER THE SECURITIES ACT.”] 

[Definitive Notes Legend] 

“IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS
SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.” 

  
 Exhibit A-2 

 [FORM OF INITIAL NOTE] 

MULTI-COLOR ESCROW ISSUER, LLC 
  

			
	No. [●]	  	CUSIP No. [●]1
	 	  	ISIN [●]2

 $[●] 

4.875% Senior Note due 2025 

MULTI-COLOR ESCROW ISSUER, LLC, a Delaware limited liability company, promises to pay to Cede & Co., or registered assigns, the
principal sum set forth on the Schedule of Increases or Decreases in Global Note attached hereto on November 1, 2025. 
 Interest
Payment Dates: May 1 and November 1, commencing [insert applicable first interest payment date]3. 

Record Dates: April 15 and October 15. 

Additional provisions of this Note are set forth on the other side of this Note. 

 

	1 	Initial Notes issued on the Issue Date will bear the following CUSIP number: 

144A CUSIP No.: 62539B AA3 

Reg S CUSIP No.: U61123 AA0 

	2 	Initial Notes issued on the Issue Date will bear the following ISIN: 

 144A
ISIN: US62539BAA35 
 Reg S ISIN: USU61123AA05 

	3 	To be May 1, 2018 for the Initial Notes issued on the Issue Date. 

  
 Exhibit A-3 

 IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed. 

 

			
	MULTI-COLOR ESCROW ISSUER, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated: 

  
 Exhibit A-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

 

			
	 U.S. BANK NATIONAL ASSOCIATION,
as Trustee, certifies that this is one of the Notes
referred to in the Indenture.

		
	By:	 	  

		 	Authorized Signatory
		
	Dated:	 	                    

  

	*/	If the Note is to be issued in global form, add the Global Notes Legend and the attachment from Exhibit A captioned “TO BE ATTACHED TO GLOBAL NOTES - SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE.”

  
 Exhibit A-5 

 [FORM OF REVERSE SIDE OF INITIAL NOTE] 

4.875% Senior Note due 2025 
  

	1.	Interest 

 MULTI-COLOR ESCROW ISSUER, LLC, a Delaware limited liability company (such
entity, and its successors and assigns under the Indenture, including MCC pursuant to the Assumption, hereinafter referred to, being herein called the “Company”), promises to pay interest on the principal amount of this Note at the rate
per annum shown above. The Company shall pay interest semi-annually in arrears on May 1 and November 1 of each year (each an “Interest Payment Date”), commencing [insert applicable first interest payment date]4. Interest on the Notes shall accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from October 4, 2017,
until the principal hereof is due. Interest shall be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay interest on overdue principal
at the rate borne by the Notes, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful. 
  

	2.	Method of Payment 

 The Company shall pay interest on the Notes (except defaulted
interest) to the Persons who are registered holders at the close of business on April 15 or October 15 (each, a “Record Date”) immediately preceding the Interest Payment Date even if Notes are canceled after the Record Date and
on or before the Interest Payment Date (whether or not a Business Day). Holders must surrender Notes to the Paying Agent to collect principal payments. The Company shall pay principal, premium, if any, and interest in money of the United States of
America that at the time of payment is legal tender for payment of public and private debts. Payments in respect of the Notes represented by a Global Note (including principal, premium, if any, and interest) shall be made by wire transfer of
immediately available funds to the accounts specified by The Depository Trust Company or any successor depositary. The Company shall make all payments in respect of a certificated Note (including principal, premium, if any, and interest) at the
office of the Paying Agent, except that, at the option of the Company, payment of interest may be made by mailing a check to the registered address of each holder thereof; provided, however, that payments on the Notes may also be made,
in the case of a holder of at least $1,000,000 aggregate principal amount of Notes, by wire transfer to a Dollar account maintained by the payee with a bank in the United States if such holder elects payment by wire transfer by giving written notice
to the Trustee or Paying Agent to such effect designating such account no later than thirty (30) days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 

 

	3.	Paying Agent and Registrar 

 Initially, U.S. Bank National Association, as trustee under
the Indenture (the “Trustee”), will act as Paying Agent and Registrar. The Company may remove any Registrar or Paying Agent upon written notice to such Registrar or Paying Agent and to the Trustee; provided, however, that no
such removal shall become effective until (i) if applicable, acceptance of an appointment by a successor Registrar or Paying Agent, as the case may be, as evidenced by an appropriate agreement entered into by the Company and such successor
Registrar or Paying Agent, as the case may be, and delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until the appointment of a successor in accordance with clause
(i) above. The Company or any of its wholly owned domestically organized Subsidiaries may act as Paying Agent or Registrar. 
  

	4 	To be May 1, 2018 for the Initial Notes issued on the Issue Date. 

  
 Exhibit A-6 

	4.	Indenture 

 The Company issued the Notes under an Indenture dated as of October 4,
2017 (as may be amended and supplemented, the “Indenture”), among the Company, the Guarantors and the Trustee. Capitalized terms used herein are used as defined in the Indenture, unless otherwise indicated. The terms of the Notes include
those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “TIA”). The Notes are subject to all
terms and provisions of the Indenture, and the holders (as defined in the Indenture) are referred to the Indenture for a statement of such terms and provisions. If and to the extent that any provision of the Notes limits, qualifies or conflicts with
a provision of the Indenture, such provision of the Indenture shall control. 
 The Notes are unsecured, unsubordinated obligations of the
Company. This Note is one of the Initial Notes referred to in the Indenture. The Notes include the Initial Notes and any Additional Notes. The Initial Notes and any Additional Notes may, at the Company’s option, be treated as a single class of
securities for all purposes under the Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase; provided that if the Additional Notes are not fungible with the Initial Notes for U.S. federal income tax
purposes, the Additional Notes will have a separate CUSIP number, if applicable. The Indenture imposes certain limitations on the ability of the Company and the Restricted Subsidiaries to, among other things, make certain Investments and other
Restricted Payments, Incur Indebtedness, enter into consensual restrictions upon the payment of certain dividends and distributions by such Restricted Subsidiaries, enter into or permit certain transactions with Affiliates, create or Incur Liens and
make Asset Sales. The Indenture also imposes limitations on the ability of the Company and each Guarantor to consolidate or merge with or into any other Person or convey, transfer or lease all or substantially all of its property. 

The Guarantors (including each Wholly Owned Restricted Subsidiary of the Company that is required to guarantee the Guaranteed Obligations
pursuant to Section 4.11 of the Indenture) shall jointly and severally guarantee the Guaranteed Obligations pursuant to the terms of the Indenture. 
  

	5.	Redemption 

 On or after November 1, 2020, the Company may redeem the Notes at its
option, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed (or caused to be mailed) by the Company by first-class mail, or delivered electronically if the Notes are held by The
Depository Trust Company (“DTC”), to each holder’s registered address (with a copy to the Trustee), at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any,
to, but excluding, the redemption date (subject to the right of holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date), if redeemed during the 12-month
period commencing on November 1 of the years set forth below: 
  

					
	 Period
	  	Redemption Price	 
	 2020
	  	 	102.438	% 
	 2021
	  	 	101.219	% 
	 2022 and thereafter
	  	 	100.000	% 

 In addition, prior to November 1, 2020, the Company may redeem the Notes at its option, in whole at any
time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed (or caused to be mailed) by the Company by first-class mail, or delivered electronically if the Notes are held by DTC, to each holder’s
registered address (with a copy to the Trustee), at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, 

  
 Exhibit A-7 

 
and accrued and unpaid interest, if any, to, but excluding, the applicable redemption date (subject to the right of holders of record on the relevant Record Date to receive interest due on the
relevant Interest Payment Date). 
 Notwithstanding the foregoing, at any time and from time to time on or prior to November 1, 2020,
the Company may redeem in the aggregate up to 40% of the original aggregate principal amount of the Notes (calculated after giving effect to any issuance of Additional Notes) with the net cash proceeds of one or more Equity Offerings (1) by the
Company or (2) by any direct or indirect parent of the Company to the extent the net cash proceeds thereof are contributed to the common equity capital of the Company or are used to purchase Capital Stock (other than Disqualified Stock) of the
Company, at a redemption price (expressed as a percentage of principal amount thereof) of 104.875%, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of holders of record on the relevant
Record Date to receive interest due on the relevant Interest Payment Date); provided, however, that at least 60% of the original aggregate principal amount of the Notes (calculated after giving effect to any issuance of Additional
Notes) must remain outstanding after each such redemption; provided, further, that such redemption shall occur within 90 days after the date on which any such Equity Offering is consummated upon not less than 30 nor more than 60
days’ notice mailed (or caused to be mailed) by the Company by first-class mail, or delivered electronically if the Notes are held by DTC, to the registered address of each holder of Notes being redeemed (with a copy to the Trustee) and
otherwise in accordance with the procedures set forth in the Indenture. 
 Any redemption and notice of redemption may, at the
Company’s discretion, be subject to the satisfaction of one or more conditions precedent (including, in the case of a redemption related to an Equity Offering, Incurrence of Indebtedness or in connection with other transactions (or series of
related transactions) or an event that constitutes a Change of Control, the consummation of such Equity Offering, Incurrence of Indebtedness, Change of Control or other transactions). 

 

	6.	Mandatory Redemption 

 Except as set forth in Paragraph 9 of this Note and
Section 3.09 of the Indenture, the Company will not be required to make any mandatory redemption or sinking fund payments with respect to the Notes. 
  

	7.	Notice of Redemption 

 Notices of redemption will be mailed (or caused to be mailed) by
first-class mail, or delivered electronically if the Notes are held by DTC, at least 30 but not more than 60 days before the redemption date, to each holder of Notes to be redeemed at its registered address or otherwise in accordance with the
applicable provisions of the Depositary (with a copy to the Trustee), except that redemption notices may be mailed or otherwise delivered more than 60 days prior to the redemption date if the notice is (a) issued in connection with a defeasance
of the Notes or a satisfaction and discharge of the Indenture pursuant to Article VIII thereof or (b) subject to one or more conditions precedent and such redemption date is delayed until such time as any or all such conditions shall be
satisfied (or waived by the Company in its sole discretion). On and after the redemption date, interest shall cease to accrue on Notes or portions thereof called for redemption so long as the Company has deposited with the Paying Agent funds
sufficient to pay the redemption price of, plus accrued and unpaid interest on, the Notes or portions thereof to be redeemed, unless the Paying Agent is prohibited from making such payment pursuant to the terms of this Indenture. 

  
 Exhibit A-8 

	8.	Repurchase of Notes at the Option of the Holders upon Change of Control and Asset Sales 

Upon the occurrence of a Change of Control, each holder shall have the right, subject to certain conditions specified in the Indenture, to
require the Company to repurchase all or any part of such holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase
(subject to the right of holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date), as provided in, and subject to the terms of, the Indenture. 

In accordance with Section 4.06 of the Indenture, the Company will be required to offer to purchase Notes upon the occurrence of certain
events. 
  

	9.	Special Mandatory Redemption 

 In the event that (a) the Escrow Agent and the
Trustee shall not have received, on or prior to 5:00 p.m., New York City time, on the Outside Date, an officer’s certificate (in the form attached to the Escrow Agreement as an exhibit) from the Escrow Issuer certifying that the conditions to
the Escrow Release set forth in the Escrow Agreement will be met substantially concurrently with or promptly following the Escrow Release or (b) the Escrow Issuer shall notify the Escrow Agent and the Trustee in writing that the Escrow Issuer
has determined that the Escrow Release Date will not occur on or prior to the Outside Date and/or that the Acquisition Agreement has been terminated (each such event described in clauses (a) and (b) above being referred to herein as a
“Special Mandatory Redemption Event”), the Escrow Issuer will redeem all of the Notes (the “Special Mandatory Redemption”) at a price (the “Special Mandatory Redemption Price”) equal to 100.0% of the principal amount of
the Notes plus accrued and unpaid interest, if any, from the Issue Date to, but not including, the date of such redemption (the “Special Mandatory Redemption Date”), which shall be the third Business Day following the Special Mandatory
Redemption Event. Within one (1) Business Day of the occurrence of a Special Mandatory Redemption Event, the Escrow Agent shall liquidate all Escrowed Property and, on or prior to the Special Mandatory Redemption Date, release the Escrowed
Property to the Trustee. On the Business Day following the Special Mandatory Redemption Event, the Escrow Issuer (or the Trustee upon the written request of and at the expense of the Escrow Issuer) shall deliver a notice of redemption in accordance
with the applicable procedures of the Depository to each holder of Notes that the entire principal amount outstanding of the Notes shall be redeemed at the Special Mandatory Redemption Price on the Special Mandatory Redemption Date. 

 

	10.	Denominations; Transfer; Exchange 

 The Notes are in registered form, without coupons, in
minimum denominations of $2,000 principal amount and any integral multiples of $1,000 in excess thereof.    A holder shall register the transfer of or exchange of the Notes in accordance with the Indenture. Upon any registration
of transfer or exchange, the Registrar and the Trustee may require a holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a holder to pay any taxes required by law or permitted by the
Indenture. The Company shall not be required to make, and the Registrar need not register, transfers or exchanges of any Notes selected for redemption (except, in the case of a Note to be redeemed in part, the portion thereof not to be redeemed) or
of any Notes for a period of fifteen (15) days before the mailing of a notice of redemption of Notes to be redeemed. 
  

	11.	Persons Deemed Owners 

 The registered holder of this Note shall be treated as the owner
of it for all purposes. 

  
 Exhibit A-9 

	12.	Unclaimed Money 

 Subject to any applicable abandoned property law, the Trustee and each
Paying Agent shall pay to the Company upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders entitled to the money must look to the Company for payment as
general creditors, and the Trustee and each Paying Agent shall have no further liability with respect to such monies. 
  

	13.	Discharge and Defeasance 

 Subject to certain conditions, the Company at any time may
terminate some of or all its obligations under the Notes and the Indenture if the Company deposits with the Trustee cash in Dollars, U.S. Government Obligations or a combination thereof sufficient to pay the principal of and premium (if any) and
interest on the Notes when due at maturity or redemption, as the case may be. 
  

	14.	Amendment; Waiver 

 Subject to certain exceptions set forth in the Indenture,
(i) the Indenture or the Notes may be amended with the written consent of the holders of at least a majority in aggregate principal amount of the Notes then outstanding voting as a single class and (ii) any past default or compliance with
any provisions may be waived with the written consent of the holders of at least a majority in principal amount of the Notes then outstanding voting as a single class. 

The Company and the Trustee may amend the Indenture, the Notes and the Guarantees without notice to or the consent of any holder (i) to
cure any ambiguity, omission, mistake, defect or inconsistency; (ii) to provide for the assumption by a Successor Company (with respect to the Company) of the obligations of the Company under the Indenture and the Notes; (iii) to provide
for the assumption by a Successor Guarantor (with respect to any Guarantor) of the obligations of a Guarantor under the Indenture and its Guarantee; (iv) to provide for uncertificated Notes in addition to or in place of certificated Notes;
provided that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that the uncertificated notes are described in Section 163(f)(2)(B) of the Code; (v) to add a
Guarantee with respect to the Notes, (vi) to add collateral to secure the Notes; (vii) to release a Guarantor or any Guarantee of the Notes as permitted by the Indenture; (viii) to add to the covenants of the Company for the benefit
of the holders or to surrender any right or power herein conferred upon the Company; (ix) to make any change that does not adversely affect the rights of any holder in any material respect; (x) to conform the text of the Indenture, the
Notes or the Guarantees to any provision of the “Description of Notes” in the Offering Memorandum to the extent that such provision in the Indenture, the Notes or the Guarantees was intended by the Company to be a verbatim recitation of a
provision in the “Description of Notes” in the Offering Memorandum, as stated in an Officers’ Certificate; (xi) to provide for the appointment of a successor Trustee as permitted by this Indenture; (xii) to comply with any
requirement of the SEC in connection with qualifying, or maintaining the qualification of, the Indenture under the TIA; (xiii) to effect any provisions of the Indenture; or (xiv) to make changes to the Indenture to provide for the issuance
of Additional Notes. 
  

	15.	Defaults and Remedies 

 If an Event of Default (other than an Event of Default specified
in Section 6.01(f) or (g) of the Indenture with respect to the Company) occurs and is continuing, the Trustee by notice to the Company or the holders of at least 25% in principal amount of outstanding Notes by notice to the Company, with a
copy to the Trustee, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to be due and payable. Upon such a declaration, such principal and interest will be due and

  
 Exhibit A-10 

 
payable immediately. If an Event of Default specified in Section 6.01(f) or (g) of the Indenture with respect to the Company occurs, the principal of, premium, if any, and interest on
all the Notes will become immediately due and payable without any declaration or other act on the part of the Trustee or any holders. Under certain circumstances, the holders of a majority in principal amount of outstanding Notes may rescind any
such acceleration with respect to the Notes and its consequences. 
 If an Event of Default occurs and is continuing, the Trustee shall be
under no obligation to exercise any of the rights or powers vested in it by the Indenture at the request or direction of any of the holders pursuant to the Indenture, unless such holders have offered to the Trustee indemnity or security satisfactory
to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. Except to enforce the right to receive payment of principal, premium (if any) or interest when due, no holder may
pursue any remedy with respect to the Indenture or the Notes unless (i) such holder has previously given the Trustee written notice that an Event of Default is continuing, (ii) holders of at least 25% in principal amount of the outstanding
Notes have requested the Trustee to pursue the remedy, (iii) such holders have offered the Trustee security or indemnity satisfactory to it against any loss, liability or expense, (iv) the Trustee has not complied with such request within
sixty (60) days after the receipt of the request and the offer of security or indemnity, and (v) the holders of a majority in principal amount of the outstanding Notes have not given the Trustee a direction inconsistent with such request
within such 60-day period. The holders of a majority in aggregate principal amount of outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the
Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or the Indenture or, if the Trustee, being advised by counsel, determines that the action or
proceeding so directed may not lawfully be taken or if the Trustee in good faith shall determine that the action or proceeding so directed would involve the Trustee in personal liability or expense for which it is not adequately indemnified, or,
subject to Section 7.01 of the Indenture, that the Trustee determines is unduly prejudicial to the rights of any other holder or that would involve the Trustee in personal liability. Prior to taking any action under the Indenture, the Trustee
shall be entitled to indemnification reasonably satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action. 
  

	16.	Trustee Dealings with the Company 

 The Trustee, in its individual or any other capacity,
may become the owner or pledgee of Notes and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. 
  

	17.	No Recourse Against Others 

 No director, officer, employee, manager, incorporator or
holder of any Equity Interests in the Company or any direct or indirect parent company of the Company, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Indenture or the Guarantees, as
applicable, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each holder of Notes by accepting a Note waives and releases all such liability. 

 

	18.	Authentication 

 This Note shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of authentication on the other side of this Note. 

  
 Exhibit A-11 

	19.	Abbreviations 

 Customary abbreviations may be used in the name of a holder or an
assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 

 

	20.	Governing Law 

 THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
  

	21.	CUSIP Numbers; ISINs 

 The Company has caused CUSIP numbers and ISINs to be printed on
the Notes and has directed the Trustee to use CUSIP numbers and ISINs in notices of redemption as a convenience to the holders. No representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any
notice of redemption and reliance may be placed only on the other identification numbers printed thereon. 
 The Company will furnish to
any holder of Notes upon written request and without charge to the holder a copy of the Indenture which has in it the text of this Note. 

  
 Exhibit A-12 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to: 
  

                       
                                         

 (Print or type assignee’s name, address and zip code) 
  

                       
                                         

 (Insert assignee’s soc. sec. or tax I.D. No. 

and irrevocably appoint                      agent to
transfer this Note on the books of the Company. The agent may substitute another to act for him. 
  

			
	 Date:
                    
	  	 Your Signature:
                    

  

                          
                                         
                  
 Sign exactly as your name appears on the other
side of this Note. 
 Signature Guarantee: 
  

					
	Date:	 	  
	    	  

					
	Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor program reasonably acceptable to the Trustee	    	Signature of Signature Guarantee

  
 Exhibit A-13 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFER RESTRICTED NOTE 
 This
certificate relates to $             principal amount of Notes held in (check applicable space)
                     book-entry or
                     definitive form by the undersigned. 

The undersigned (check one box below): 
  

	☐	has requested the Trustee by written order to deliver in exchange for its beneficial interest in the Global Note held by the Depository a Note or Notes in definitive, registered form of authorized denominations and an
aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above); 

  

	☐	has requested the Trustee by written order to exchange or register the transfer of a Note or Notes. 

 In
connection with any transfer of any of the Notes evidenced by this certificate occurring while this Note is still a Transfer Restricted Definitive Note or a Transfer Restricted Global Note, the undersigned confirms that such Notes are being
transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 
  

					
	(1)	  	☐	  	to the Company; or
			
	(2)	  	☐	  	to the Registrar for registration in the name of the holder, without transfer; or
			
	(3)	  	☐	  	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) that purchases for its own account or for the account of a qualified institutional buyer to whom
notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933; or
			
	(4)	  	☐	  	outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933 and such Note shall be held immediately after the
transfer through Euroclear or Clearstream until the expiration of the Restricted Period (as defined in the Indenture); or
			
	(5)	  	☐	  	pursuant to another available exemption from registration provided by Rule 144 under the Securities Act of 1933.

  
 Exhibit A-14 

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes
evidenced by this certificate in the name of any Person other than the registered holder thereof; provided, however, that if box (4) or (5) is checked, the Company or the Trustee may require, prior to registering any such transfer
of the Notes, such legal opinions, certifications and other information as the Company or the Trustee have reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933. 
  

			
	Date:                     	  	Your Signature:                     

  

			
	
                     
                                         
           
	 	

 Sign exactly as your name appears on the other side of this Note. 

Signature Guarantee: 
  

					
	Date:	 	  
	    	  

					
	Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor program reasonably acceptable to the Trustee	    	Signature of Signature Guarantee

  
 Exhibit A-15 

 TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the
undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

					
	Date:	 	  
	    	  

		 		    	NOTICE: To be executed by an executive officer

  
 Exhibit A-16 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

The initial principal amount of this Global Note is $            . The following
increases or decreases in this Global Note have been made: 
  

									
	 Date of Exchange
	 	 Amount of decrease in

Principal Amount of this

Global Note
	 	 Amount of increase in

Principal Amount of this

Global Note
	  	 Principal amount of

this Global Note
following such decrease

or increase
	  	 Signature of authorized

signatory of Trustee
 or
Notes Custodian

		 		 		  		  	

  
 Exhibit A-17 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.06 (Asset Sales) or 4.08 (Change of Control) of the
Indenture, check the box: 
 Asset Sale
☐                                        
    Change of Control ☐ 
 If you want to elect to have only part of this Note purchased by the Company pursuant to
Section 4.06 (Asset Sales) or 4.08 (Change of Control) of the Indenture, state the amount ($2,000 or any integral multiple of $1,000 in excess thereof): 

$ 
  

			
	
Date:                  
                                  
	  	 Your
Signature:                                       
               

		  	
                   
         (Sign exactly as your name appears on

                   
         the other side of this Note)

  

			
	 Signature
Guarantee:                                       
                                         
                  

	                                    
Signature must be guaranteed by a participant in a recognized
	                                    
signature guaranty medallion program or other signature
	                                    
guarantor program reasonably acceptable to the Trustee

  
 Exhibit A-18 

 EXHIBIT B 

[FORM OF TRANSFEREE LETTER OF REPRESENTATION] 

TRANSFEREE LETTER OF REPRESENTATION 

MULTI-COLOR ESCROW ISSUER, LLC 
 c/o U.S. Bank National
Association 
 as Trustee and Registrar 
 [Attn: Daniel Boyers

 425 Walnut Street 
 CN-OH-W6CT 
 Cincinnati, OH 45202 

Telephone: 513-632-2077 

Email: daniel.boyers@usbank.com] 
 Ladies and Gentlemen: 

This certificate is delivered to request a transfer of $[●] principal amount of the 4.875% Senior Notes due 2025 (the
“Notes”) of MULTI-COLOR ESCROW ISSUER, LLC (collectively with its successors and assigns, the “Company”). 

Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 

Name:                         
                                      

Address:                        
                                    

Taxpayer ID
Number:                                      

The undersigned represents and warrants to you that: 

1.    We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under
the Securities Act of 1933, as amended (the “Securities Act”)), purchasing for our own account or for the account of such an institutional “accredited investor” at least $100,000 principal amount of the Notes, and we are
acquiring the Notes not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits
and risks of our investment in the Notes, and we invest in or purchase securities similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its
investment. 
 2.    We understand that the Notes have not been registered under the Securities Act and, unless so
registered, may not be sold except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is
one year after the later of the date of original issue and the last date on which either of the Company or any affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination
Date”) only (a) in the United States to a person whom we reasonably believe is a qualified institutional buyer (as defined in rule 144A under the Securities Act) in a transaction meeting the requirements of Rule 144A, (b) outside
the United States in an offshore transaction in accordance with Rule 904 of Regulation S under the Securities Act, (c) pursuant to an exemption from registration under the Securities Act provided by Rule 144 thereunder (if applicable) or
(d) pursuant to an effective registration statement under the Securities Act, in each of cases (a) through (d) in accordance with any applicable securities laws of any state of the United States. In addition, we will,

  
 Exhibit B-1 

 
and each subsequent holder is required to, notify any purchaser of the Note evidenced hereby of the resale restrictions set forth above. The foregoing restrictions on resale will not apply
subsequent to the Resale Restriction Termination Date. Each purchaser acknowledges that the Company and the Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes pursuant
to clause 1(b), 1(c) or 1(d) above to require the delivery of an opinion of counsel, certifications or other information satisfactory to the Company and the Trustee. 

Dated:                         
      
  

	
	
TRANSFEREE:                 
                     ,

	
	
By:                  
                                         
         

  
 Exhibit B-2 

 EXHIBIT C 

[FORM OF SUPPLEMENTAL INDENTURE 

RELATED TO THE ASSUMPTION] 

SUPPLEMENTAL INDENTURE 
 RELATED TO
THE ASSUMPTION 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of [●], 201[●], among
MULTI-COLOR CORPORATION, an Ohio corporation (the “Company”), the guarantors party hereto (the “New Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee under the Indenture
referred to below (the “Trustee”). 
 W I T N E S S E T H : 

WHEREAS Multi-Color Escrow Issuer, LLC, a Delaware limited liability company (the “Escrow Issuer”), has heretofore executed
an indenture, dated as of October 4, 2017 (as amended, supplemented or otherwise modified, the “Indenture”), providing for the issuance of the Escrow Issuer’s 4.875% Senior Notes due 2025 (the “Notes”),
initially in the aggregate principal amount of $600,000,000; 
 WHEREAS Section 4.16(c) of the Indenture provides that (i) the
Company shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Company shall unconditionally assume all of the Escrow Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth
herein and in the Indenture and (ii) the New Guarantors shall execute and deliver to the Trustee a supplemental indenture pursuant to which each New Guarantor shall unconditionally guarantee all of the Guaranteed Obligations on the terms and
conditions set forth herein and in the Indenture; and 
 WHEREAS pursuant to Sections 9.01(2) and (5) of the Indenture, the Company,
the New Guarantors and the Trustee are authorized to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of
the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the New Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Notes as
follows: 
 1.    Defined Terms. As used in this Supplemental Indenture, terms defined in the
Indenture or in the preamble or recital hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this
Supplemental Indenture as a whole and not to any particular section hereof. 
 2.    Agreement to
Assume Obligations. Effective upon the Escrow Release, the Company hereby agrees to unconditionally assume all of the Escrow Issuer’s Obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in the
Indenture and to be bound by all other applicable provisions of the Indenture and the Notes and to perform all of the obligations and agreements of the Escrow Issuer under the Indenture. 

3.    Agreement to Guarantee. Effective upon the Escrow Release, the New Guarantors agree, jointly
and severally, to unconditionally guarantee all of the Guaranteed Obligations on the terms and subject to the conditions set forth in Article X of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes and to
perform all of the obligations and agreements of a Guarantor under the Indenture. 

  
 Exhibit C-1 

 4.    Notices. All notices or other communications to
the Company and the New Guarantors shall be given as provided in Section 11.02 of the Indenture. 

5.    Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly
amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and
every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 

6.    Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 7.    Trustee Makes No Representation.
The Trustee accepts the amendments of the Indenture effected by this Supplemental Indenture on the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the
Trustee. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely
by the Company, or for or with respect to (i) the validity or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Company and the New Guarantor, in each case, by
action or otherwise, (iii) the due execution hereof by the Company and the New Guarantor or (iv) the consequences of any amendment herein provided for, and the Trustee makes no representation with respect to any such matters. 

8.    Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Supplemental Indenture. Notwithstanding the foregoing, the exchange of copies of this Supplemental Indenture and of
signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture and signature pages for
all purposes. 
 9.    Effect of Headings. The Section headings of this Supplemental Indenture
have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions here. 

[Remainder of page intentionally left blank.] 

  
 Exhibit C-2 

 IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed as of
the date first written above. 
  

			
	MULTI-COLOR CORPORATION, as Company

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	[ESCROW RELEASE DATE GUARANTORS], as a Guarantor

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Acknowledged and Agreed by:
	
	MULTI-COLOR ESCROW ISSUER, LLC, as Escrow Issuer

			
		
	By:	 	  

	Name:	 	
	Title	 	

  
 Exhibit C-3 

 EXHIBIT D 

[FORM OF SUPPLEMENTAL INDENTURE FOR FUTURE GUARANTORS] 

SUPPLEMENTAL INDENTURE 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of [●], 20[●] among [NEW GUARANTOR] (the
“New Guarantor”), a direct or indirect subsidiary of [MULTI-COLOR ESCROW ISSUER, LLC, a Delaware limited liability company] [MULTI-COLOR CORPORATION (or its successor), an Ohio corporation] (the “Company”), and U.S.
BANK NATIONAL ASSOCIATION, a national banking association, as trustee under the Indenture referred to below (the “Trustee”). 

W I T N E S S E T H : 
 WHEREAS
[the Company] [Multi-Color Escrow Issuer, LLC, a Delaware limited liability company (the “Escrow Issuer”)], certain Guarantors and the Trustee have heretofore executed an indenture, dated as of October 4, 2017 (as amended,
supplemented or otherwise modified, the “Indenture”), providing for the issuance of the Company’s 4.875% Senior Notes due 2025 (the “Notes”), initially in the aggregate principal amount of $600,000,000; 

[WHEREAS following the issuance of the Notes, the Company and the guarantors party thereto executed a supplemental indenture, dated as of
[●], 201[●], pursuant to which the Company unconditionally assumed all of the Escrow Issuer’s Obligations under the Notes and the Indenture and such guarantors agreed to unconditionally guarantee all of the Guaranteed Obligations on
the terms and conditions set forth in the Indenture;] 
 WHEREAS Sections 4.11[, 4.16(c)] and 10.06 of the Indenture provide that under
certain circumstances the Company is required to cause the New Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall guarantee the Guaranteed Obligations; and 

WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee and the Company are authorized to execute and deliver this Supplemental
Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the New Guarantor, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Notes as follows: 

1.    Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or
recital hereto are used herein as therein defined, except that the term “holders” in this Supplemental Indenture shall refer to the term “holders” as defined in the Indenture and the Trustee acting on behalf of and for the
benefit of such holders. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular Section
hereof. 
 2.    Agreement to Guarantee. The New Guarantor hereby agrees, jointly and severally with all existing
Guarantors (if any), to guarantee the Guaranteed Obligations on the terms and subject to the conditions set forth in Article X of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes and to perform all of
the obligations and agreements of a Guarantor under the Indenture. 

  
 Exhibit D-1 

 3.    Notices. All notices or other communications to the New
Guarantor shall be given as provided in Section 11.02 of the Indenture. 
 4.    Ratification of Indenture;
Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 

5.    Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 6.    Trustee Makes No Representation. The Trustee accepts the amendments
of the Indenture effected by this Supplemental Indenture on the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the
generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Company, or for or with
respect to (i) the validity or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Company and the New Guarantor, in each case, by action or otherwise,
(iii) the due execution hereof by the Company and the New Guarantor or (iv) the consequences of any amendment herein provided for, and the Trustee makes no representation with respect to any such matters. 

7.    Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Supplemental Indenture. Notwithstanding the foregoing, the exchange of copies of this Supplemental Indenture and of signature
pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture and signature pages for all
purposes. 
 8.    Effect of Headings. The Section headings of this Supplemental Indenture have been inserted for
convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions here. 

[Remainder of page intentionally left blank.] 

  
 Exhibit D-2 

 IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed as of
the date first written above. 
  

			
	[MULTI-COLOR ESCROW ISSUER, LLC] [MULTI-COLOR CORPORATION]

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	[NEW GUARANTOR], as a Guarantor

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exhibit D-3

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