Document:

Indenture, dated as of September 27, 2012 for the 5.25% Senior Notes due 2022

 Exhibit 4.1 
 EXECUTION COPY 
 SOTHEBY’S, 

as Issuer 
 and

 THE INITIAL SUBSIDIARY GUARANTORS PARTY HERETO 
 and 
 U.S. BANK NATIONAL ASSOCIATION 

as Trustee 
  

 
 Indenture

 Dated as of September 27, 2012 
  

 
 5.25% Senior
Notes due 2022 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE ONE
 DEFINITIONS AND INCORPORATION BY REFERENCE
	  			
			
	 SECTION 1.01.
	 	 Definitions
	  	 	1	  
	 SECTION 1.02.
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	13	  
	 SECTION 1.03.
	 	 Rules of Construction
	  	 	13	  
		
	 ARTICLE TWO
 THE NOTES
	  			
			
	 SECTION 2.01.
	 	 Form and Dating
	  	 	14	  
	 SECTION 2.02.
	 	 Restrictive Legends
	  	 	15	  
	 SECTION 2.03.
	 	 Execution, Authentication and Denominations
	  	 	16	  
	 SECTION 2.04.
	 	 Registrar and Paying Agent
	  	 	17	  
	 SECTION 2.05.
	 	 Paying Agent to Hold Money in Trust
	  	 	17	  
	 SECTION 2.06.
	 	 Transfer and Exchange
	  	 	18	  
	 SECTION 2.07.
	 	 Book-Entry Provisions for Global Notes
	  	 	19	  
	 SECTION 2.08.
	 	 Special Transfer Provisions
	  	 	20	  
	 SECTION 2.09.
	 	 Replacement Notes
	  	 	24	  
	 SECTION 2.10.
	 	 Outstanding Notes
	  	 	24	  
	 SECTION 2.11.
	 	 Temporary Notes
	  	 	24	  
	 SECTION 2.12.
	 	 Cancellation
	  	 	25	  
	 SECTION 2.13.
	 	 CUSIP Numbers
	  	 	25	  
	 SECTION 2.14.
	 	 Defaulted Interest
	  	 	25	  
	 SECTION 2.15.
	 	 Issuance of Additional Notes
	  	 	26	  
		
	 ARTICLE THREE
 REDEMPTION
	  			
			
	 SECTION 3.01.
	 	 Right of Redemption
	  	 	26	  
	 SECTION 3.02.
	 	 Notices to Trustee
	  	 	27	  
	 SECTION 3.03.
	 	 Selection of Notes to Be Redeemed
	  	 	27	  
	 SECTION 3.04.
	 	 Notice of Redemption
	  	 	27	  
	 SECTION 3.05.
	 	 Effect of Notice of Redemption
	  	 	28	  
	 SECTION 3.06.
	 	 Deposit of Redemption Price
	  	 	28	  
	 SECTION 3.07.
	 	 Payment of Notes Called for Redemption
	  	 	29	  
	 SECTION 3.08.
	 	 Notes Redeemed in Part
	  	 	29	  
		
	 ARTICLE FOUR
 COVENANTS
	  			
			
	 SECTION 4.01.
	 	 Payment of Notes
	  	 	29	  
	 SECTION 4.02.
	 	 Maintenance of Office or Agency
	  	 	29	  
	 SECTION 4.03.
	 	 Limitation on Liens
	  	 	30	  
	 SECTION 4.04.
	 	 Limitation on Sale and Leaseback Transactions
	  	 	31	  
	 SECTION 4.05.
	 	 Repurchase of Notes upon a Change of Control
	  	 	32	  

  
 - i -

							
	 SECTION 4.06.
	 	 Existence
	  	 	33	  
	 SECTION 4.07.
	 	 Payment of Taxes and Other Claims
	  	 	33	  
	 SECTION 4.08.
	 	 Maintenance of Properties and Insurance
	  	 	33	  
	 SECTION 4.09.
	 	 Notice of Defaults
	  	 	34	  
	 SECTION 4.10.
	 	 Compliance Certificates
	  	 	34	  
	 SECTION 4.11.
	 	 Commission Reports and Reports to Holders
	  	 	34	  
	 SECTION 4.12.
	 	 Waiver of Stay, Extension or Usury Laws
	  	 	35	  
	 SECTION 4.13.
	 	 Issuances of Subsidiary Guarantees
	  	 	35	  
		
	 ARTICLE FIVE
 SUCCESSOR CORPORATION
	  			
			
	 SECTION 5.01.
	 	 When Company or Subsidiary Guarantors May Merge, Etc.
	  	 	35	  
	 SECTION 5.02.
	 	 Successor Substituted
	  	 	36	  
		
	 ARTICLE SIX
 DEFAULT AND REMEDIES
	  			
			
	 SECTION 6.01.
	 	 Events of Default
	  	 	37	  
	 SECTION 6.02.
	 	 Acceleration
	  	 	38	  
	 SECTION 6.03.
	 	 Other Remedies
	  	 	39	  
	 SECTION 6.04.
	 	 Waiver of Past Defaults
	  	 	39	  
	 SECTION 6.05.
	 	 Control by Majority
	  	 	39	  
	 SECTION 6.06.
	 	 Limitation on Suits
	  	 	40	  
	 SECTION 6.07.
	 	 Rights of Holders to Receive Payment
	  	 	40	  
	 SECTION 6.08.
	 	 Collection Suit by Trustee
	  	 	40	  
	 SECTION 6.09.
	 	 Trustee May File Proofs of Claim
	  	 	41	  
	 SECTION 6.10.
	 	 Priorities
	  	 	41	  
	 SECTION 6.11.
	 	 Undertaking for Costs
	  	 	41	  
	 SECTION 6.12.
	 	 Restoration of Rights and Remedies
	  	 	42	  
	 SECTION 6.13.
	 	 Rights and Remedies Cumulative
	  	 	42	  
	 SECTION 6.14.
	 	 Delay or Omission Not Waiver
	  	 	42	  
		
	 ARTICLE SEVEN
 TRUSTEE
	  			
			
	 SECTION 7.01.
	 	 General
	  	 	42	  
	 SECTION 7.02.
	 	 Certain Rights of Trustee
	  	 	43	  
	 SECTION 7.03.
	 	 Individual Rights of Trustee
	  	 	44	  
	 SECTION 7.04.
	 	 Trustee’s Disclaimer
	  	 	44	  
	 SECTION 7.05.
	 	 Notice of Default
	  	 	45	  
	 SECTION 7.06.
	 	 Reports by Trustee to Holders
	  	 	45	  
	 SECTION 7.07.
	 	 Compensation and Indemnity
	  	 	45	  
	 SECTION 7.08.
	 	 Replacement of Trustee
	  	 	46	  
	 SECTION 7.09.
	 	 Successor Trustee by Merger, Etc.
	  	 	47	  
	 SECTION 7.10.
	 	 Eligibility
	  	 	47	  
	 SECTION 7.11.
	 	 Money Held in Trust
	  	 	47	  

  
 - ii -

							
	 ARTICLE EIGHT
 DISCHARGE OF INDENTURE
	  			
			
	 SECTION 8.01.
	 	 Termination of Company’s Obligations
	  	 	48	  
	 SECTION 8.02.
	 	 Defeasance and Discharge of Indenture
	  	 	49	  
	 SECTION 8.03.
	 	 Defeasance of Certain Obligations
	  	 	50	  
	 SECTION 8.04.
	 	 Application of Trust Money
	  	 	51	  
	 SECTION 8.05.
	 	 Repayment to Company
	  	 	51	  
	 SECTION 8.06.
	 	 Reinstatement
	  	 	52	  
		
	 ARTICLE NINE
 AMENDMENTS, SUPPLEMENTS AND WAIVERS
	  			
			
	 SECTION 9.01.
	 	 Without Consent of Holders
	  	 	52	  
	 SECTION 9.02.
	 	 With Consent of Holders
	  	 	53	  
	 SECTION 9.03.
	 	 Revocation and Effect of Consent
	  	 	54	  
	 SECTION 9.04.
	 	 Notation on or Exchange of Notes
	  	 	55	  
	 SECTION 9.05.
	 	 Trustee to Sign Amendments, Etc.
	  	 	55	  
		
	 ARTICLE TEN
 GUARANTEE OF NOTES
	  			
			
	 SECTION 10.01.
	 	 Note Guarantee
	  	 	55	  
	 SECTION 10.02.
	 	 Obligations Unconditional
	  	 	58	  
	 SECTION 10.03.
	 	 Release of Note Guarantees
	  	 	58	  
	 SECTION 10.04.
	 	 Notice to Trustee
	  	 	58	  
	 SECTION 10.05.
	 	 This Article Not to Prevent Events of Default
	  	 	59	  
		
	 ARTICLE ELEVEN

MISCELLANEOUS
	  			
			
	 SECTION 11.01.
	 	 Notices
	  	 	59	  
	 SECTION 11.02.
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	60	  
	 SECTION 11.03.
	 	 Statements Required in Certificate or Opinion
	  	 	60	  
	 SECTION 11.04.
	 	 Rules by Trustee, Paying Agent or Registrar
	  	 	61	  
	 SECTION 11.05.
	 	 Payment Date Other Than a Business Day
	  	 	61	  
	 SECTION 11.06.
	 	 Governing Law
	  	 	61	  
	 SECTION 11.07.
	 	 No Adverse Interpretation of Other Agreements
	  	 	61	  
	 SECTION 11.08.
	 	 No Recourse Against Others
	  	 	61	  
	 SECTION 11.09.
	 	 Successors
	  	 	62	  
	 SECTION 11.10.
	 	 Duplicate Originals
	  	 	62	  
	 SECTION 11.11.
	 	 Separability
	  	 	62	  
	 SECTION 11.12.
	 	 Table of Contents, Headings, Etc.
	  	 	62	  
	 SECTION 11.13.
	 	 Force Majeure
	  	 	62	  

  
 - iii -

							
	 EXHIBIT A
	 	 Form of Note
	  	 	A-1	  
	 EXHIBIT B
	 	 Form of Certificate to Be Delivered in Connection with Transfers Pursuant to Non-QIB Accredited Investors
	  	 	B-1	  
	 EXHIBIT C
	 	 Form of Transferee Letter of Representation
	  	 	C-1	  
	 EXHIBIT D
	 	 Form of Certificate to Be Delivered in Connection with Transfers Pursuant to Regulation S
	  	 	D-1	  
	 EXHIBIT E
	 	 Form of Certificate of Exchange
	  	 	E-1	  

  
 - iv -

 INDENTURE, dated as of September 27, 2012, between SOTHEBY’S, a Delaware
corporation (the “Company”), the Initial Subsidiary Guarantors (as defined herein), and U.S. Bank National Association, as trustee (the “Trustee”). 

RECITALS 
 The
Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of up to $300.0 million aggregate principal amount of the Company’s 5.25% Senior Notes due 2022 (the “Notes”) issuable as
provided in this Indenture. All things necessary to make this Indenture a valid agreement of the Company and the Initial Subsidiary Guarantors, in accordance with its terms, have been done, and the Company has done all things necessary to make the
Notes, when executed by the Company and authenticated and delivered by the Trustee hereunder and duly issued by the Company, valid obligations of the Company as hereinafter provided. 

AND THIS INDENTURE FURTHER WITNESSETH 
 For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders, as follows:

 ARTICLE ONE 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.01. Definitions.

 “Additional Notes” has the meaning provided in Section 2.15. 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or
under direct or indirect common control with, such Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of
voting securities, by contract or otherwise. 
 “Agent” means any Registrar, Paying Agent, transfer agent or
authenticating agent. 
 “Agent Members” has the meaning provided in Section 2.07(a). 

“Applicable Premium” means, at any Redemption Date, the greater of (1) 1.00% of the principal amount of such Notes
and (2) the excess of (a) the present value at such Redemption Date of (i) the redemption price of the Notes on October 1, 2017 as set forth in Section 3.01 plus (ii) all required remaining scheduled interest
payments due on such Notes through October 1, 2017 (but excluding accrued and unpaid interest to the Redemption Date), 

 
computed using a discount rate equal to the Treasury Rate plus 50 basis points as of such Redemption Date over (b) the principal amount of such Notes on such Redemption Date, as calculated
by the Company or on behalf of the Company by such Person as the Company shall designate; provided that such calculation shall not be a duty or obligation of the Trustee. 

“Asset Acquisition” means any acquisition of property or series of related acquisitions of property that constitutes all
or substantially all of the assets of a business, unit or division of a Person or constitutes all or substantially all of the common stock (or equivalent) of a Person. 
 “Asset Sale” means any disposition of property or series of related dispositions of property that involves all or substantially all of the assets of a business, unit or division of a
Person or constitutes all or substantially all of the common stock (or equivalent) of a Subsidiary. 
 “Attributable
Debt” in respect of any Sale and Leaseback Transaction, means, as of the time of determination, the total obligation (discounted to present value at the rate per annum equal to the discount rate which would be applicable to a capital lease
obligation with like term in accordance with GAAP) of the lessee for rental payments (other than amounts required to be paid on account of property taxes, maintenance, repairs, insurance, water rates and other items which do not constitute payments
for property rights) during the remaining portion of the initial term of the lease included in such Sale and Leaseback Transaction, as determined in accordance with GAAP. 
 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 
 “Board of Directors” means, with respect to any Person, the Board of Directors of such Person or any duly authorized committee of such Board of Directors. 

“Board Resolution” means one or more resolutions of the Board of Directors of the Company, certified by the Secretary or
an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means any day except a Saturday, Sunday or other day on which banking institutions are authorized or
required by law or regulation to close in The City of New York or in the city of the Corporate Trust Office of the Trustee. 

“Capital Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents
(however designated, whether voting or non-voting) in equity of such Person, whether outstanding on the Closing Date or issued thereafter, including, without limitation, all common stock and preferred stock, but excluding any convertible or
exchangeable debt securities. 
 “Change of Control” means such time as: 

(i) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation),
in one or a series of related transactions, of all 

  
 - 2 -

 
or substantially all of the properties or assets of the Company and its Subsidiaries, taken as a whole, to any “person” or “group” (within the meaning of Sections 13(d)(3) and
14(d)(2) of the Exchange Act) other than the Company or a Subsidiary; 
 (ii) a “person” or
“group” (within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act) becomes the ultimate “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of the total voting power of the Voting
Stock of the Company on a fully diluted basis; 
 (iii) the adoption of a plan relating to the liquidation or
dissolution of the Company; 
 (iv) individuals who on the Closing Date constitute the Board of Directors of the
Company (together with any new directors whose election by the Board of Directors of the Company or whose nomination by the Board of Directors of the Company for election by the Company’s stockholders was approved by a vote of at least a
majority of the members of the Board of Directors of the Company then in office who either were members of the Board of Directors of the Company on the Closing Date or whose election or nomination for election was previously so approved) cease for
any reason to constitute a majority of the members of the Board of Directors of the Company then in office; or 

(v) the Company consolidates with, or merges with or into, any Person or any Person consolidates with, or merges with or
into the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction
where (a) the Voting Stock of the Company outstanding immediately prior to such transaction is converted into or exchanged for Voting Stock of the surviving or transferee Person constituting a majority of the outstanding shares of such Voting
Stock of such surviving or transferee Person (immediately after giving effect to such issuance) and (b) immediately after such transaction, no “person” or “group” (as such terms are used in Section 13(d) and 14(d) of
the Exchange Act) becomes, directly or indirectly, the “beneficial owner” of 50% or more of the voting power of the Voting Stock of the surviving or transferee Person. 

“Closing Date” means the date on which the Notes are originally issued under this Indenture. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange
Act or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the TIA, then the body performing such duties at such time. 

“Company” means the party named as such in the first paragraph of this Indenture until a successor replaces it pursuant
to Article Five of this Indenture and thereafter means the successor. 

  
 - 3 -

 “Company Order” means a written request or order signed in the name of the
Company by its President, Chief Executive Officer, Chief Financial Officer, or a Vice President, Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary and delivered to the Trustee. 

“Consolidated Tangible Assets” means the aggregate amount of assets of the Company and its Subsidiaries, as set forth on
the most recently available quarterly or annual consolidated balance sheet of the Company and its Subsidiaries, prepared in conformity with GAAP, in each case, giving pro forma effect to any Asset Sale or Asset Acquisition that shall have occurred
since the end of such fiscal quarter minus goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangibles. 
 “Corporate Trust Office” means the designated office of the Trustee at which the corporate trust business of the Trustee shall, at any particular time, be administered, which office is,
at the date of this Indenture, located at 60 Livingston Avenue, St. Paul, MN 55107-1419; Attention: Raymond S. Haverstock. 

“Credit Agreement” means the credit agreement, dated as of August 31, 2009 as amended, among the Company and other
borrowers party thereto from time to time, the other credit parties party thereto from time to time, General Electric Capital Corporation, as Agent, and the lenders party thereto from time to time, together with any agreements, instruments, security
agreements, guaranties and other documents executed or delivered pursuant to or in connection with such credit agreement, as such credit agreement or such agreements, instruments, security agreements, guaranties or other documents may be amended,
supplemented, extended, restated, renewed or otherwise modified from time to time and any successive refundings, refinancings, replacements or substitutions thereof or therefor, whether with the same or different lenders. 

“Credit Facilities” means one or more debt facilities (including, without limitation, the Credit Agreement), commercial
paper facilities or indentures, in each case with banks or other institutional lenders or a trustee, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special
purpose entities formed to borrow from such lenders against such receivables), letters of credit or issuances of notes, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time.

 “Default” means any event that is, or after notice or passage of time or both would be, an Event of Default.

 “Definitive Note” means a permanent certificated Note in registered form in substantially the form set forth
in Exhibit A, including any Physical Notes. 
 “Depositary” means The Depository Trust Company, its
nominees, and their respective successors. 
 “Event of Default” has the meaning provided in Section 6.01.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

  
 - 4 -

 “Fair Market Value” means the fair market value thereof as determined in
good faith by the Board of Directors of the Company. 
 “Foreign Subsidiary” means any Subsidiary of the
Company that is not organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof. 
 “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 Closing Date. 
 “Global Notes” means one or more permanent Notes registered in the name of the
nominee of the Depositary, deposited with the Trustee, as custodian for the Depositary, duly executed by the Company, and authenticated by the Trustee in accordance with Section 2.03 hereof, including any Restricted Global Notes and
Unrestricted Global Notes. 
 “Guarantee” means any obligation, contingent or otherwise, of any Person directly
or indirectly guaranteeing any Indebtedness of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (1) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services (unless such purchase arrangements
are on arm’s-length terms and are entered into in the ordinary course of business), to take-or-pay, or to maintain financial statement conditions or otherwise) or (2) entered into for purposes of assuring in any other manner the obligee of
such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary
course of business; any auction guarantees; supplier, purchaser or customer arrangements in the ordinary course of business; representations, warranties, covenants and indemnities entered into by the Company or any Subsidiary which are reasonably
customary in sale, factoring or securitization of receivables financings; or “comfort” letters delivered to auditors in connection with statutory audits. The term “Guarantee” used as a verb has a corresponding meaning.

 “Holder” or “Noteholder” means the registered holder of any Note. 

“Indebtedness” means, with respect to any Person, without duplication, (1) all obligations of such Person for
borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (2) the maximum amount of all direct or contingent obligations of such Person arising under letters of credit
(including standby and commercial), bankers’ acceptances, bank guarantees, surety bonds and similar instruments (other than in the ordinary course and import or export guarantees); (3) net obligations of such Person under any swap
contract; (4) all obligations of such Person to pay the deferred purchase price of property or services due for more than 90 days after the date on which such property or services were provided (excluding accrued expenses and trade payables);
(5)

  
 - 5 -

 
indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned by such specified Person; (6) all Attributable Debt in respect of capitalized leases and synthetic lease
obligations of such Person and all synthetic debt of such Person; and (7) all Guarantees of such Person of Indebtedness of another Person; provided, if and to the extent that any of the foregoing Indebtedness (other than letters of
credit and swap contracts) would appear as a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; and provided further, however, in each case, that “Indebtedness” shall
not include any auction guarantees. For the avoidance of doubt, Indebtedness is not deemed to be outstanding until it is incurred, and the entry into a binding commitment shall not, in and of itself, be deemed to be an incurrence. 

“Indenture” means this Indenture as originally executed or as it may be amended or supplemented from time to time by one
or more indentures supplemental to this Indenture entered into pursuant to the applicable provisions of this Indenture. 

“Initial Subsidiary Guarantors” means each of the Company’s existing domestic Subsidiaries that guarantees
obligations under the Company’s Credit Agreement and York. 
 “Institutional Accredited Investor” means an
institution that is an “accredited investor” as that term is defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 
 “Interest Payment Date” means each semiannual interest payment date on April 1 and October 1 of each year, commencing April 1, 2013. 

“Investment Grade” means (1) BBB- or above, in the case of S&P (or its equivalent under any successor Rating
Categories of S&P), and Baa3 or above, in the case of Moody’s (or its equivalent under any successor Rating Categories of Moody’s), or (2) the equivalent in respect of the Rating Categories of any Rating Agencies. 

“Lien” means, with respect to any property or assets, any mortgage or deed of trust, pledge, hypothecation, assignment,
security interest, lien, encumbrance, or any other security arrangement of any kind or nature whatsoever on or with respect to such property or assets (including any conditional sale or other title retention agreement having substantially the same
economic effect as any of the foregoing). 
 “Maturity Date” means October 1, 2022. 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Net Cash Proceeds” means the proceeds of such issuance or sale in the form of cash or cash equivalents, including
payments in respect of deferred payment obligations (to the extent corresponding to the principal, but not interest, component thereof) when received in the form of cash or cash equivalents and proceeds from the conversion of other property received
when converted to cash or cash equivalents, net of attorney’s fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees incurred in connection with such
issuance or sale and net of taxes paid or payable as a result thereof. 

  
 - 6 -

 “Non-U.S. Person” means a person who is not a “U.S. person” (as
defined in Regulation S). 
 “Note Guarantee” means a Guarantee of the obligations of the Company under this
Indenture and the Notes by any Subsidiary Guarantor. 
 “Notes” means any of the securities, as defined in the
first paragraph of the recitals hereof, that are authenticated and delivered under this Indenture. For all purposes of this Indenture, the term “Notes” shall include the Notes initially issued on the Closing Date and any other Notes issued
after the Closing Date under this Indenture. For purposes of this Indenture, all Notes shall vote together as one series of Notes under this Indenture. 
 “Offer to Purchase” means an offer by the Company to purchase Notes from the Holders commenced by mailing a notice to the Trustee and each Holder stating: 

(i) that all Notes validly tendered will be accepted for payment on a pro rata basis; 

(ii) the purchase price and the date of purchase (which shall be a Business Day no earlier than 30 days nor later than 60
days from the date such notice is mailed) (the “Payment Date”); 
 (iii) that any Note not
tendered will continue to accrue interest pursuant to its terms; 
 (iv) that, unless the Company defaults in the
payment of the purchase price, any Note accepted for payment pursuant to the Offer to Purchase shall cease to accrue interest on and after the Payment Date; 
 (v) that Holders electing to have a Note purchased pursuant to the Offer to Purchase will be required to surrender the Note, together with the form entitled “Option of the Holder to Elect
Purchase” on the reverse side of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the Business Day immediately preceding the Payment Date; 

(vi) that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of
business on the third Business Day immediately preceding the Payment Date, a telegram, facsimile transmission or letter setting forth the name of such Holder, the principal amount of Notes delivered for purchase and a statement that such Holder is
withdrawing his election to have such Notes purchased; and 
 (vii) that Holders whose Notes are being purchased
only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered; provided that each Note purchased and each new Note issued shall be in a principal amount of $2,000 or integral multiples of
$1,000 in excess thereof. 
 On the Payment Date, the Company shall (a) accept for payment on a pro rata basis Notes or portions thereof
tendered pursuant to an Offer to Purchase; (b) deposit with the Paying Agent 

  
 - 7 -

 
money sufficient to pay the purchase price of all Notes or portions thereof so accepted; and (c) deliver, or cause to be delivered, to the Trustee all Notes or portions thereof so accepted
together with an Officer’s Certificate specifying the Notes or portions thereof accepted for payment by the Company. The Paying Agent shall promptly mail to the Holders of Notes so accepted payment in an amount equal to the purchase price, and
the Trustee shall promptly authenticate and mail to such Holders a new Note equal in principal amount to any unpurchased portion of the Note surrendered; provided that each Note purchased and each new Note issued shall be in a principal
amount of $2,000 or integral multiples of $1,000 in excess thereof. The Company will publicly announce the results of an Offer to Purchase as soon as practicable after the Payment Date. The Trustee shall act as the Paying Agent for an Offer to
Purchase. The Company will comply with Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable, in the event that the Company is required to repurchase Notes
pursuant to an Offer to Purchase. 
 “Officer” means, with respect to the Company, the President, Chief
Executive Officer, any Vice President, the Chief Financial Officer, the Treasurer or any Assistant Treasurer or the Secretary or any Assistant Secretary 
 “Officer’s Certificate” means a certificate signed in the name of the Company by the President, Chief Executive Officer, any Vice President, Chief Financial Officer, the Treasurer or
any Assistant Treasurer, or the Secretary or any Assistant Secretary of the Company and delivered to the Trustee. 

“Offshore Global Note” has the meaning provided in Section 2.01. 

“Offshore Notes” has the meaning provided in Section 2.01. 

“Offshore Physical Notes” has the meaning provided in Section 2.01. 

“Opinion of Counsel” means a written opinion signed by legal counsel, who may be an employee of or counsel to the
Company, that meets the requirements of Section 11.03. Each such Opinion of Counsel shall include the statements provided for in TIA Section 314(e). 
 “Paying Agent” has the meaning provided in Section 2.04, except that, for the purposes of Article Eight, the Paying Agent shall not be the Company or a Subsidiary of the Company or
an Affiliate of any of them. The term “Paying Agent” includes its successors and assigns and any additional Paying Agent. 
 “Paying Agent Office” means the designated office of the Trustee at which the corporate trust paying agent office of the Trustee shall, at any particular time, be administered, which
office is, at the date of this Indenture, located at 60 Livingston Avenue, St. Paul, MN 55107-1419, Attention: Raymond Haverstock. 
 “Payment Date” has the meaning provided in the definition of Offer to Purchase. 
 “Permitted Liens” means (1) Liens incurred or pledges and deposits made in connection with workers’ compensation, unemployment insurance, old pensions, social security and
public liability and similar legislation; (2) Liens securing the performance of bids, tenders, 

  
 - 8 -

 
leases, contracts (other than for the repayment of borrowed money), statutory obligations, surety and appeal bonds and other obligations of like nature, incurred in the ordinary course of
business; (3) statutory Liens of landlords and other Liens imposed by law, such as carriers’, warehousemen’s, mechanics’, materialmen’s and vendors’ Liens, incurred in good faith in the ordinary course of business,
including but not limited to those relating to the construction of the York Avenue Property; (4) Liens securing the payment of taxes, assessments, import duties and governmental charges or levies, either (i) not delinquent or
(ii) being contested in good faith by appropriate proceedings with adequate reserves; (5) zoning restrictions, easements, licenses, reservations, restrictions on the use of real property or minor irregularities incident thereto which do
not in the aggregate materially detract from the value of the property or assets of the Company and its Subsidiaries taken as a whole or materially impair the operation of the business of the Company and its Subsidiaries taken as a whole;
(6) normal and customary rights of setoff upon deposits of cash in favor of banks or other depositary institutions; (7) Liens incurred in the ordinary course of business provided that these liens are not given as security for Indebtedness;
(8) Liens on property or assets of any Subsidiary securing Indebtedness of such Subsidiary to the Company or another Subsidiary; (9) Liens for judgments or awards, so long as the finality of such judgment or award is being contested in
good faith and execution thereof is stayed; provided that the aggregate amount of Liens permitted by this clause may not exceed $75.0 million; (10) any Lien existing on any property or assets of a Person at the time of the acquisition
thereof by the Company or any Subsidiary, or existing prior to the time of acquisition upon any property or assets acquired by the Company or any of its Subsidiaries through purchase, merger or consolidation or otherwise, whether or not assumed by
the Company or such Subsidiary; provided that such Liens were not created in contemplation of such acquisition, purchase, merger, consolidation or investment and do not extend to any assets other than those of the Person merged into or
consolidated with the Company or such Subsidiary or organized, purchased or invested in by the Company or such Subsidiary; (11) any Lien placed upon the York Avenue Property; (12) any Lien placed upon property or assets within 90 days of
the time of acquisition of such property or assets by the Company or any of its Subsidiaries to secure all or a portion of (or to secure Indebtedness incurred to pay all or a portion of) the purchase price thereof; provided that any such Lien
shall not encumber any other property or assets of the Company or any Subsidiary; and (13) any Lien renewing, extending or refunding any Lien permitted by clause (9) or (10) above, provided that (i) the principal amount
secured is not increased other than any premium, fee, expense or accrued and unpaid interest payable in connection with any such renewal, extension or refunding, and the Lien is not extended to other property and (ii) any renewal, extension or
refunding of the obligations secured or benefited thereby is permitted by this Indenture. 
 For the avoidance of doubt, the
enumeration of items in this Permitted Liens definition does not mean that the items secured by Permitted Liens are Indebtedness. 
 “Person” means any individual, corporation, limited liability company, partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision
thereof. 
 “Physical Notes” has the meaning provided in Section 2.01. 

  
 - 9 -

 “principal” of a debt security, including the Notes, means the principal
amount due on the Stated Maturity as shown on such debt security. 
 “Private Placement Legend” means the
legend initially set forth as the first legend on the Notes in the form set forth in Section 2.02(a). 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Rating Agencies” means (1) S&P and Moody’s or (2) if S&P or Moody’s or both of them are not
making ratings publicly available, a nationally recognized U.S. rating agency or agencies, as the case may be, selected by the Company, which will be substituted for S&P or Moody’s or both, as the case may be. 

“Rating Category” means (1) with respect to S&P, any of the following categories (any of which may include a
“+” or “-”): AAA, AA, A, BBB, BB, B, CCC, CC, C and D (or equivalent successor categories), (2) with respect to Moody’s, any of the following categories (any of which may include a “1”, “2” or
“3”): Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C and D (or equivalent successor categories) and (3) the equivalent of any such categories of S&P or Moody’s used by another Rating Agency, if applicable. 

“Redemption Date” means, when used with respect to any Note to be redeemed, the date fixed for such redemption by or
pursuant to this Indenture. 
 “Redemption Price” means, when used with respect to any Note to be redeemed, the
price at which such Note is to be redeemed pursuant to this Indenture. 
 “Refinancing” has the meaning
provided in Section 4.03(vi). 
 “Registrar” has the meaning provided in Section 2.04. 

“Regular Record Date” for the interest payable on any Interest Payment Date means the March 15 or September 15
(whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 
 “Regulation
S” means Regulation S promulgated under the Securities Act. 
 “Responsible Officer,” when used with
respect to the Trustee, means any officer of the Trustee in its Corporate Trust Office, including any Vice President, Assistant Vice President, Assistant Treasurer, Assistant Secretary, 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, with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate
trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject. 
 “Restricted Global Note” has the meaning provided in Section 2.01. 
 “Restricted Note” has the meaning provided in section 2.01. 

  
 - 10 -

 “Restricted Physical Note” has the meaning provided in Section 2.01.

 “Restricted Period” with respect to any Offshore Note, means the period of 40 consecutive days beginning on
and including the later of (a) the day on which such Note is first offered to Persons other than distributors (as defined in Regulation S) in reliance on Regulation S, notice of which day shall be promptly given by the Company to the Trustee,
and (b) the date of issuance with respect to any Note or any predecessor of such Note. 
 “Rule 144A”
means Rule 144A promulgated under the Securities Act. 
 “Sale and Leaseback Transaction” means any arrangement
with any Person providing for the leasing to the Company or any Subsidiary of the Company of any property or assets, which property or assets has been or is to be sold or transferred by the Company or any Subsidiary of the Company to such Person.

 “Securities Act” means the Securities Act of 1933, as amended. 

“Security Register” has the meaning provided in Section 2.04. 

“Significant Subsidiary” means, at any date of determination, any Subsidiary that would constitute a “significant
subsidiary” within the meaning of Article 1 of Regulation S-X of the Securities Act as in effect on the Closing Date. 

“Stated Maturity” means when used with respect to any debt security or any installment of interest thereon, the date
specified in such debt security as the fixed date on which the principal amount of such debt security or such installment of interest is due and payable. 
 “Subsidiary” means any corporation, limited or general partnership, limited liability company, trust, association or other business entity of which an aggregate of at least a majority of
the outstanding Capital Stock therein is, at the time, directly or indirectly owned by the Company, or by one or more other Subsidiaries of the Company, or by the Company and one or more other Subsidiaries of the Company. 

“Subsidiary Guarantor” means any Initial Subsidiary Guarantor and any other Subsidiary of the Company that provides a
Note Guarantee of the Company’s obligations under this Indenture and the Notes, until such Note Guarantee is released in accordance with the terms of this Indenture. 
 “S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies and its successors. 
 “TIA” or “Trust Indenture Act” means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb), as in effect on the date this Indenture was executed,
except as provided in Section 9.06. 
 “Treasury Rate” means, with respect to a Redemption Date, the yield
to maturity at the time of computation 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

  
 - 11 -

 
has become publicly available at least two Business Days prior to such 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 such Redemption Date to October 1, 2017; provided, however, that if the period from the Redemption Date to such date is not equal to the constant maturity of a United States Treasury
security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such
yields are given, except that if the period from the Redemption Date to such date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

 “Trustee” means the party named as such in the first paragraph of this Indenture until a successor replaces
it in accordance with the provisions of Article Seven of this Indenture and thereafter means such successor. 
 “United
States Bankruptcy Code” means the Bankruptcy Reform Act of 1978, as amended and as codified in Title 11 of the United States Code, as amended from time to time hereafter, or any successor federal bankruptcy law. 

“Unrestricted Global Note” means a Global Note that is an Unrestricted Note. 

“Unrestricted Notes” means one or more Notes that do not and are not required to bear the Private Placement Legend
including, without limitation any Notes from which the Private Placement Legend has been removed in accordance with Section 2.08(e) and Notes in which a Holder acquires an interest pursuant to Section 2.08(h). 

“U.S. Government Obligations” means securities that are (1) direct obligations of the United States of America for
the 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 full and timely payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case, are not callable or redeemable at the option of the issuer thereof at any time prior to the Stated Maturity of the Notes, and
shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such
custodian for the account of the holder of a 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 Obligation or the specific payment of interest on or principal of the U.S. Government Obligation evidenced by such depository receipt. 

“Voting Stock” means with respect to any Person, Capital Stock of any class or kind ordinarily having the power to vote
for the election of directors, managers or other voting members of the governing body of such Person. 
 “York”
means York Holdings International Inc. 

  
 - 12 -

 “York Avenue Property” means the Company’s corporate headquarters
building at 1334 York Avenue, New York, New York. 
 SECTION 1.02. Incorporation by Reference of Trust Indenture Act.
Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes; 
 “indenture security holder” means a Holder or a Noteholder; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; and 

“obligor” on the indenture securities means the Company or any other obligor on the Notes. 

All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by a rule
of the Commission and not otherwise defined herein have the meanings assigned to them therein. 
 SECTION 1.03. Rules of
Construction. Unless the context otherwise requires: 
 (i) a term has the meaning assigned to it;

 (ii) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

 (iii) words in the singular include the plural, and words in the plural include the singular; 

(iv) provisions apply to successive events and transactions; 

(v) all references to “including” shall have the meaning of “including without limitation”;

 (vi) all ratios and computations based on GAAP contained in this Indenture shall be computed in accordance
with the definition of GAAP set forth in Section 1.01; and 
 (vii) all references to Sections or Articles
refer to Sections or Articles of this Indenture unless otherwise indicated. 

  
 - 13 -

 ARTICLE 
 TWO THE NOTES 
 SECTION 2.01. Form and Dating. The Notes and the
Trustee’s certificate of authentication shall be substantially in the form annexed hereto as Exhibit A with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture. The Notes may
have notations, legends or endorsements required by law, stock exchange agreements to which the Company or any Subsidiary Guarantor is subject or usage. The Company shall approve the form of the Notes and any notation, legend or endorsement on the
Notes. Each Note shall be dated the date of its authentication. The Trustee shall authenticate the Notes, upon a Company Order for the authentication and delivery of such Notes, which order shall set forth the number of separate notes, the principal
amount of each such Note to be authenticated, the date on which the original issue of Notes is to be authenticated, the registered holders of each of the said Notes and delivery instructions. 

The terms and provisions contained in the form of the Notes annexed hereto as Exhibit A shall constitute, and are hereby expressly
made, a part of this Indenture. To the extent applicable, the Company, each Subsidiary Guarantor and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. 

Notes offered and sold in reliance on Rule 144A shall be issued initially in the form of one or more permanent Global Notes in registered
form in substantially the form set forth in Exhibit A, bearing the Private Placement Legend (the “Restricted Global Notes”) and duly executed by the Company and authenticated by the Trustee as hereinafter provided. The
aggregate principal amount of the Restricted Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, in accordance with the instructions given by
the Holder thereof, as hereinafter provided. 
 Notes offered and sold in offshore transactions in reliance on Regulation S
shall be issued initially in the form of one or more permanent Global Notes in registered form in substantially the form set forth in Exhibit A (the “Offshore Global Notes”), duly executed by the Company and authenticated by
the Trustee as hereinafter provided. The aggregate principal amount of the Offshore Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, in
accordance with the instructions given by the Holder thereof, as hereinafter provided. 
 Notes initially issued to or
transferred to affiliates (as defined in Rule 405 of the Securities Act) of the Company pursuant to Section 2.08(g) or Institutional Accredited Investors pursuant to Section 2.08(a) of this Indenture shall only be issued in the form of
permanent certificated Notes in registered form in substantially the form set forth in Exhibit A and shall bear the Private Placement Legend (the “Restricted Physical Notes”). Notes issued pursuant to Section 2.07(b) in
exchange for interests in the Offshore Global Notes shall be in the form of permanent certificated Notes in registered form substantially in the form set forth in Exhibit A (the “Offshore Physical Notes”). 

  
 - 14 -

 The Offshore Physical Notes and Restricted Physical Notes are sometimes collectively herein
referred to as the “Physical Notes.” The Restricted Physical Notes and Restricted Global Notes are sometimes collectively herein referred to as the “Restricted Notes”. The Offshore Physical Notes and Offshore Global
Notes are sometimes referred to collectively herein as “Offshore Notes”. For the purposes of Section 2.08 (a) and (b), Restricted Notes shall include Offshore Notes other than Offshore Notes that become Unrestricted Notes
pursuant to Section 2.08(d) or (h). 
 The Definitive Notes shall be typed, printed, lithographed or engraved or produced
by any combination of these methods or may be produced in any other manner permitted by the rules of any securities exchange on which the Notes may be listed, all as determined by the Officers executing such Notes, as evidenced by their execution of
such Notes. 
 SECTION 2.02. Restrictive Legends. 

(a) Until all of the beneficial interests in a Restricted Global Note have been exchanged for beneficial interests in the Unrestricted
Global Note in accordance with Section 2.08(h) or the Private Placement Legend has been removed from such Global Note in accordance with Section 2.08(e), each Restricted Note shall bear the legend set forth below on the face thereof:

 “THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE
“SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) (1) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF 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, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S UNDER
THE SECURITIES ACT, (3) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), (4) TO AN INSTITUTIONAL INVESTOR THAT IS AN ACCREDITED INVESTOR WITHIN THE MEANING OF RULE 501 OF
REGULATION D UNDER THE SECURITIES ACT IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR (5) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (B) IN ACCORDANCE WITH ALL
APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS.” 
 and each Offshore
Note shall bear the legend set forth below on the face thereof: 
 “THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT 

  
 - 15 -

 
BE OFFERED, SOLD OR DELIVERED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY US PERSON, UNLESS SUCH NOTES ARE REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS THEREOF IS AVAILABLE. THE FOREGOING SHALL NOT APPLY FOLLOWING THE EXPIRATION OF FORTY DAYS FROM THE LATER OF (I) THE DATE ON WHICH THESE NOTES WERE FIRST OFFERED AND (II) THE DATE OF ISSUANCE OF THESE NOTES.”

 (b) Each Global Note, whether or not an Restricted Global Note, Unrestricted Global Note or Offshore Global Note, shall also
bear the following legend on the face thereof: 
 “UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 IN THE NAME OF SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE 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 NOMINEES OF
CEDE & CO. 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 SECTION 2.08 OF THE INDENTURE.”

 SECTION 2.03. Execution, Authentication and Denominations. Subject to Article Four and applicable law, the aggregate
principal amount of Notes which may be authenticated and delivered under this Indenture is unlimited. The Notes shall be executed by two Officers of the Company. The signature of these Officers on the Notes may be by facsimile or manual signature in
the name and on behalf of the Company. 
 If an Officer whose signature is on a Note no longer holds that office at the time the
Trustee or authenticating agent authenticates the Note, the Note shall be valid nevertheless. 
 A Note shall not be valid until
the Trustee or authenticating agent 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 an authenticating agent to authenticate Notes. 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 authenticating agent. An authenticating agent has the same rights as an Agent to deal with the Company or any Subsidiary Guarantor
or an Affiliate of the Company or any Subsidiary Guarantor. 

  
 - 16 -

 The Notes shall be issuable only in registered form without coupons and only in
denominations of $2,000 in principal amount and multiples of $1,000 in excess thereof. 
 SECTION 2.04. Registrar and Paying
Agent. The Company shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange (the “Registrar”), an office or agency where Notes may be presented for payment (the
“Paying Agent”) and an office or agency where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company shall cause the Registrar to keep a register of the Notes and of
their transfer and exchange (the “Security Register”). The Security Register shall be in written form or any other form capable of being converted into written form within a reasonable time. The Company may have one or more
co-Registrars and one or more additional Paying Agents. 
 The Company shall enter into an appropriate agency agreement with any
Agent not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall give prompt written notice to the Trustee of the name and address of any such Agent and any change in
the address of such Agent. If the Company fails to maintain a Registrar, Paying Agent and/or agent for service of notices and demands, the Company shall appoint the Trustee to act as, and the Trustee shall act as, such Registrar, Paying Agent and/or
agent for service of notices and demands. The Company may remove any Agent upon written notice to such Agent and the Trustee; provided that no such removal shall become effective until (i) the acceptance of an appointment by a successor
Agent to such Agent as evidenced by an appropriate agency agreement entered into by the Company and such successor Agent and delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall serve as such Agent until the
appointment of a successor Agent in accordance with clause (i) of this proviso. The Company, any Subsidiary of the Company, or any Affiliate of any of them may act as Paying Agent, Registrar or co-Registrar, and/or agent for service of notice
and demands. 
 The Company hereby initially appoints the Trustee as Registrar, Paying Agent, authenticating agent and agent for
service of notice and demands. 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 and shall otherwise comply with TIA § 312(a). If the Trustee
is not the Registrar, the Company shall furnish to the Trustee as of each Regular Record Date and at such other times as the Trustee may reasonably request the names and addresses of Holders as they appear in the Security Register, including the
aggregate principal amount of Notes held by each Holder. 
 SECTION 2.05. Paying Agent to Hold Money in Trust. Not later
than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if
any, and interest so becoming due. The Company shall require each Paying Agent other than the 

  
 - 17 -

 
Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium,
if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in
making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee may at any time during the continuance of any payment default, upon written
request to a Paying Agent, require such Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. Upon doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the
Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the
benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly
notify the Trustee of its action or failure to act. 
 SECTION 2.06. Transfer and Exchange. 

(a) The Notes are issuable only in registered form. A Holder may transfer a Note only by written application to the Registrar stating the
name of the proposed transferee and otherwise complying with the terms of this Indenture. No such transfer shall be effected until, and such transferee shall succeed to the rights of a Holder only upon, final acceptance and registration of the
transfer by the Registrar in the Security Register. Prior to the registration of any transfer by a Holder as provided herein, the Company, the Trustee, and any agent of the Company shall treat the person in whose name the Note is registered as the
owner thereof for all purposes whether or not the Note shall be overdue, and neither the Company, the Trustee, nor any such agent shall be affected by notice to the contrary. Furthermore, any holder of a beneficial interest in a Global Note shall,
by acceptance of such beneficial interest in such Global Note, agree that transfers of beneficial interests in such Global Note may be effected only through a book entry system maintained by the Holder of such Global Note (or its agent) and that
ownership of a beneficial interest in the Note shall be required to be reflected in a book entry. When Notes are presented to the Registrar or a co-Registrar with a request to register the transfer or to exchange them for an equal principal amount
of Notes of other authorized denominations, the Registrar shall register the transfer or make the exchange as requested if its requirements for such transactions are met (including that such Notes are duly endorsed or accompanied by a written
instrument of transfer in form satisfactory to the Trustee and Registrar duly executed by the Holder thereof or by an attorney who is authorized in writing to act on behalf of the Holder). To permit registrations of transfers and exchanges, the
Company shall execute and the Trustee shall authenticate Notes at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange or redemption of the Notes, but the Company may require payment of a sum
sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or other similar governmental charge payable upon exchanges pursuant to Section 2.11, 3.08 or 9.04).

  
 - 18 -

 The Registrar shall not be required (i) to issue, register the transfer of or exchange
any Note during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Notes selected for redemption under Section 3.03 and ending at the close of business on the day of such mailing, or
(ii) to register the transfer of or exchange any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 SECTION 2.07. Book-Entry Provisions for Global Notes. The Global Notes initially shall (i) be registered in the name of the Depositary for such Global Notes or the nominee of such Depositary,
(ii) be delivered to the Trustee as custodian for such Depositary and (iii) bear legends as set forth in Section 2.02. 
 (a) Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary, or
the Trustee as its custodian, or under such Global Note, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of such Global Note for all purposes whatsoever. 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 Depositary or impair, as between the
Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a holder of any Note. 
 (b) Transfers of a Global Note shall be limited to transfers of such Global Note in whole, but not in part, to the Depositary, its successors or their respective nominees. Beneficial interests in Global
Notes may be transferred in accordance with the rules and procedures of the Depositary and the provisions of Section 2.08. In addition, Definitive Notes shall be issued to all beneficial owners in exchange for their beneficial interests in the
applicable Global Notes bearing any applicable transfer restrictions if (i) (a) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Notes or (b) the Depositary has ceased to be
a clearing agency registered under the Exchange Act, and, in either case, a successor depositary is not appointed by the Company within 90 days of such notice, (ii) an Event of Default has occurred and is continuing and the Depositary has
notified the Trustee of its decision to exchange such Definitive Notes or (iii) the Company, at its option but subject to the Depositary’s requirements, notifies the Trustee in writing that it elects to cause the issuance of such
Definitive Notes. 
 (c) Any beneficial interest in one of the Global Notes that is transferred to a person who
takes delivery in the form of an interest in the first Global Note will, upon transfer, cease to be an interest in another Global Note and become an interest in such other Global Note and, accordingly, will thereafter be subject to all transfer
restrictions, if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest. 

  
 - 19 -

 (d) In connection with any transfer of a portion of the beneficial interests
in a Global Note to beneficial owners pursuant to paragraph (b) of this Section 2.07, the Registrar shall reflect on its books and records the date and a decrease in the principal amount of such Global Note in an amount equal to the
principal amount of the beneficial interest in such Global Note to be transferred, and the Company shall execute, and the Trustee shall authenticate and deliver, one or more of the applicable Definitive Notes bearing any applicable transfer
restrictions of like tenor and amount. 
 (e) In connection with the transfer of a Global Note, in whole, to
beneficial owners pursuant to paragraph (b) of this Section 2.07, such Global Note shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate and deliver, to each
beneficial owner identified by the Depositary in exchange for its beneficial interest in such Global Notes, an equal aggregate principal amount of applicable Definitive Notes bearing any applicable transfer restrictions of authorized denominations.

 (f) Any Restricted Physical Note delivered in exchange for an interest in the Restricted Global Notes pursuant
to paragraph (b), (d) or (e) of this Section 2.07 shall, except as otherwise provided by paragraph (f) of Section 2.08, bear the legend regarding transfer restrictions applicable to the Restricted Physical Note set forth in
Section 2.02. 
 (g) Any Offshore Physical Note delivered in exchange for an interest in the Offshore Global
Notes pursuant to paragraph (b), (d) or (e) of this Section 2.07 shall bear the legend regarding transfer restrictions applicable to the Offshore Physical Note set forth in Section 2.02. 

(h) The registered holder of a 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. 
 SECTION 2.08. Special Transfer Provisions. The following provisions shall apply: 
 (i) Transfers to Non-QIB Institutional Accredited Investors. The following provisions shall apply with respect to the registration of any proposed transfer of a Note or a beneficial interest to any
Institutional Accredited Investor which is not a QIB (excluding Non-U.S. Persons): 
 (i) The Registrar shall
register the transfer of any Restricted Note if the proposed transferee has delivered to the Registrar (A) a certificate substantially in the form of Exhibit B hereto and (B) if the aggregate principal amount of the Notes being transferred
is less than $100,000, an opinion of counsel acceptable to the Company and the Trustee that such transfer is in compliance with the Securities Act. 

  
 - 20 -

 (ii) If the proposed transferor is an Agent Member holding a beneficial
interest in the Restricted Global Notes, upon receipt by the Registrar of (x) the documents, if any, required by paragraph (i) above and (y) instructions given in accordance with the Depositary’s and the Registrar’s
procedures, the Registrar shall reflect on its books and records the date and a decrease in the principal amount of the Restricted Global Notes in an amount equal to the principal amount of the beneficial interest in the Restricted Global Notes to
be transferred, and the Company shall execute, and the Trustee shall authenticate and deliver, one or more Restricted Physical Notes of like tenor and amount. 
 (j) Transfers to QIBs. The following provisions shall apply with respect to the registration of any proposed transfer of a Restricted Note to a QIB (excluding Non-U.S. Persons): 

(i) If the Note to be transferred consists of (x) either Offshore Physical Notes during the Restricted Period or
Restricted Physical Notes, the Registrar shall register the transfer if such transfer is being made by a proposed transferor who has checked the box provided for on the form of Note stating, or has otherwise advised the Company and the Registrar in
writing, that the sale has been made in compliance with the provisions of Rule 144A to a transferee who has signed the certification provided for on the form of Note stating, or has otherwise advised the Company and the Registrar in writing, that it
is purchasing the 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 QIB within the meaning of Rule 144A 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 it 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
its foregoing representations in order to claim the exemption from registration provided by Rule 144A or (y) an interest in the Global Notes (during the Restricted Period in the case of Offshore Global Notes), the transfer of such interest may
be effected only through the book entry system maintained by the Depositary and the transferor delivers to the Trustee a written certificate substantially in the form of Exhibit C hereto. 

(ii) If the proposed transferee is an Agent Member, and the Note to be transferred consists of Physical Notes, upon
receipt by the Registrar of the documents referred to in paragraph (i) above and instructions given in accordance with the Depositary’s and the Registrar’s procedures, the Registrar shall reflect on its books and records the date and
an increase in the principal amount of Restricted Global Notes in an amount equal to the principal amount of the Physical Notes to be transferred, and the Trustee shall cancel the Physical Notes so transferred. 

(k) Transfers to Non-U.S. Persons at Any Time. The following provisions shall apply with respect to any transfer of
any Note that is not an Unrestricted Note to a Non-U.S. Person pursuant to Regulation S under the Securities Act: 
 (i) The Registrar shall register any proposed transfer to any Non-U.S. Person, upon receipt of a certificate substantially in the form of Exhibit D hereto from the proposed transferor. 

  
 - 21 -

 (ii) (a) If the proposed transferor is an Agent Member holding a beneficial
interest in the Restricted Global Notes, upon receipt by the Registrar of (x) the documents, if any, required by paragraph (i) and (y) instructions in accordance with the Depositary’s and the Registrar’s procedures, the
Registrar shall reflect on its books and records the date and a decrease in the principal amount of the Restricted Global Notes in an amount equal to the principal amount of the beneficial interest in the Restricted Global Notes to be transferred,
and (b) if the proposed transferee is an Agent Member, upon receipt by the Registrar of instructions given in accordance with the Depositary’s and the Registrar’s procedures, the Registrar shall reflect on its books and records the
date and an increase in the principal amount of the Offshore Global Notes in an amount equal to the principal amount of Notes to be transferred, and the Trustee shall cancel the Restricted Physical Note, if any, so transferred or decrease the amount
of the Restricted Global Notes. 
 (l) Exchange or Transfers of Restricted Notes or Offshore Notes for
Unrestricted Notes. (i) Other than as provided in Section 2.08(h) below, Restricted Notes or beneficial interests therein may be exchanged for Unrestricted Notes or beneficial interests therein only if the transferor delivers to the
Trustee a written certificate substantially in the form of Exhibit E hereto. 
 (ii) Other than as
provided in Section 2.08(h) below, Offshore Notes or beneficial interests therein may be exchanged for Unrestricted Notes or beneficial interests therein only if: (x) the requested exchange is after the Restricted Period has elapsed or
(y) the transferor delivers to the Trustee a written certificate substantially in the form of Exhibit E hereto. 
 (m) Private Placement Legend. Upon the transfer, exchange or replacement of Unrestricted Notes, the Registrar shall deliver Unrestricted Notes that do not bear the Private Placement Legend. Upon
the transfer, exchange or replacement of Restricted Notes or beneficial interests in Restricted Global Notes, the Registrar shall deliver only Restricted Notes and instruct the Depositary to credit the account of the applicable transferee with a
beneficial interest in a Restricted Global Note, as the case may be, except as set forth in Section 2.08 (c) or (d) above or (h) below. 
 (n) General. By its acceptance of any Note bearing the Private Placement Legend, each Holder of such a Note acknowledges receipt of a Restricted Note with the restrictions on transfer of such Note
set forth in this Indenture and in the Private Placement Legend and agrees that it will transfer such Note only as provided in this Indenture until such time as the Private Placement Legend is no longer required pursuant to Section 2.02 and
such Holder transfers such a Restricted Note to an Unrestricted Note. The Registrar shall not register a transfer of any Note of a beneficial interest therein 

  
 - 22 -

 
unless such transfer complies with the restrictions on transfer of such Note set forth in this Indenture. In connection with any transfer of Notes or a beneficial interest therein, each Holder
agrees by its acceptance of the Notes to furnish the Registrar or the Company such certifications, legal opinions or other information as either of them may reasonably require to confirm that such transfer is being made pursuant to an exemption
from, or a transaction not subject to, the registration requirements of the Securities Act until such time as the Private Placement Legend is no longer required pursuant to Section 2.02 and such Holder transfers such a Restricted Note to an
Unrestricted Note; provided that the Registrar shall not be required to determine (but may rely on a determination made by the Company with respect to) the sufficiency of any such certifications, legal opinions or other information.

 (o) Transfers of Notes Held by Affiliates. Any certificate (i) evidencing a Note or a beneficial
interest therein that has been transferred to an affiliate (as defined in Rule 405) of a Company within one year after the Closing Date, as evidenced by a notation on the assignment form for such transfer or in the representation letter delivered in
respect thereof or (ii) evidencing a Note or a beneficial interest therein that has been acquired from an affiliate (other than by an affiliate) in a transaction or a chain of transactions not involving any public offering, shall, until one
year after the last date on which either the Company or any affiliate of the Company was an owner of such Note, in each case, be in the form of a permanent certificated Note and bear the Private Placement Legend subject to the restrictions in
Section 2.01. 
 (p) Mandatory Exchange from Restricted Global Note to Unrestricted Global Note. The
Company may, at its option, provide for the mandatory exchange of all beneficial interests in a Restricted Global Note for beneficial interests in an Unrestricted Global Note and of all beneficial interests in an Offshore Global Note for beneficial
interests in an Unrestricted Global Note upon compliance with the procedures for the mandatory exchange of 144A securities for unrestricted securities or the procedures for the mandatory exchange of Regulation S securities for unrestricted
securities, as applicable, in each case as provided by the Depositary and in effect at the time of such exchange. Upon such exchange of beneficial interests pursuant to this Section 2.08(h), the Registrar shall endorse Schedule A to the
relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note(s) and the Unrestricted Global Note, respectively, equal to the
principal amount of beneficial interests transferred. Following any such transfer pursuant to this Section 2.08(h), the relevant Restricted Global Note shall be cancelled. 

The Registrar shall retain copies of all letters, notices and other written communications received pursuant to Section 2.07 or this
Section 2.08. The Company, at its sole cost and expense, shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the
Registrar. 

  
 - 23 -

 SECTION 2.09. Replacement Notes. If a mutilated Note is surrendered to the Trustee or
if the Holder claims that the Note has been lost, destroyed or wrongfully taken, then, in the absence of written notice to the Company or the Trustee that such Note has been acquired by a protected purchaser, the Company shall issue and the Trustee
shall authenticate a replacement Note of like tenor and principal amount and bearing a number not contemporaneously outstanding; provided that the requirements of this Section 2.09 are met. If required by the Trustee or the Company, an
indemnity bond must be furnished that is sufficient in the judgment of both the Trustee and the Company to protect the Company, the Trustee or any Agent 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 may charge such Holder for its expenses and the expenses of the Trustee in replacing a Note. In case 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 and each Subsidiary Guarantor and shall be entitled to the benefits of this Indenture. 
 SECTION 2.10. Outstanding Notes. Notes outstanding at any time are all Notes that have been authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation and
those described in this Section 2.10 as not outstanding. 
 If a Note is replaced pursuant to Section 2.09, it ceases
to be outstanding unless and until the Trustee and the Company receive proof satisfactory to them that the replaced Note is held by a protected purchaser. 
 If the Paying Agent (other than the Company or an Affiliate of the Company) holds on the Maturity Date money sufficient to pay Notes payable on that date, then on and after that date such Notes cease to
be outstanding and interest on them shall cease to accrue. 
 A Note does not cease to be outstanding because the Company or one
of its Affiliates holds such Note, provided, however, that in determining whether the Holders of the requisite principal amount of the outstanding Notes have given any request, demand, authorization, direction, notice, consent or waiver
hereunder, Notes owned by the Company or any other obligor upon the Notes or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be outstanding, except that, in determining whether the Trustee shall be
protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Notes which the Trustee has actual knowledge to be so owned shall be so disregarded. Notes so owned which have been pledged in good faith
may be regarded as outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Notes and that the pledgee is not the Company or any other obligor upon the Notes or any Affiliate
of the Company or of such other obligor. 
 SECTION 2.11. Temporary Notes. Until definitive Notes are ready for delivery,
the Company may prepare and execute and the Trustee shall authenticate temporary Notes. Temporary Notes shall be 

  
 - 24 -

 
substantially in the form of definitive Notes but may have insertions, substitutions, omissions and other variations determined to be appropriate by the Officers executing the temporary Notes, as
evidenced by their execution of such temporary Notes. If temporary Notes are issued, the Company will cause definitive Notes to be prepared without unreasonable delay. After the preparation of definitive Notes, the temporary Notes shall be
exchangeable for definitive Notes upon surrender of the temporary Notes at the office or agency of the Company designated for such purpose pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any one or
more temporary Notes, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Notes of authorized denominations. Until so exchanged, the temporary Notes shall be entitled to
the same benefits under this Indenture as definitive Notes. 
 SECTION 2.12. Cancellation. The Company, at any time, may
deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Notes previously authenticated
hereunder. The Registrar and the Paying Agent shall forward to the Trustee any Notes surrendered to them for transfer, exchange or payment. The Trustee shall cancel all Notes surrendered for transfer, exchange, payment or cancellation and shall
destroy them in accordance with its normal procedure. 
 SECTION 2.13. CUSIP Numbers. The Company in issuing the Notes
may use “CUSIP,” “CINS” or “ISIN” numbers (if then generally in use), and the Company and the Trustee shall use CUSIP, CINS or ISIN numbers, as the case may be, in notices of redemption or exchange as a convenience to
Holders; provided that any such notice shall 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 redemption or exchange and that reliance may be placed
only on the other identification numbers printed on the Notes. The Company shall promptly notify the Trustee of any change in “CUSIP,” “CINS” or “ISIN” numbers for the Notes. 

SECTION 2.14. Defaulted Interest. If the Company defaults in a payment of interest on the Notes, it shall pay, or shall deposit
with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest, plus (to the extent lawful) any interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date. A
special record date, as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a
Business Day. At least 15 days before the subsequent special record date, the Company shall mail to each Holder and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be
paid. 

  
 - 25 -

 SECTION 2.15. Issuance of Additional Notes. The Company may, subject to Article Four
of this Indenture and applicable law, issue additional notes under this Indenture (“Additional Notes”). The Notes issued on the Closing Date and any Additional Notes subsequently issued shall be treated as a single class for all
purposes under this Indenture. The Additional Notes may be issued in private or public transactions and will contain relevant legends. 
 ARTICLE THREE 
 REDEMPTION 

SECTION 3.01. Right of Redemption. The Notes will not be redeemable at any time prior to maturity except as set forth below.

 At any time prior to October 1, 2017, the Notes also may be redeemed in whole or in part, at the option of the Company,
at a Redemption Price equal to 100% of the principal amount thereof plus the Applicable Premium as of the Redemption Date, plus accrued and unpaid interest, if any, to but not including 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). Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address (in the case of Global Notes, it being understood
that the Depositary may also send such notice electronically to the beneficial holders), not less than 30 nor more than 60 days prior to the Redemption Date. 
 On or after October 1, 2017, the Notes may be redeemed in whole or in part, at the option of the Company at the Redemption Price (expressed as a percentage of principal amount) set forth below, plus
accrued and unpaid interest to, but not including, 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), if redeemed during the
twelve-month period commencing on October 1 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2017
	  	 	102.652	% 
	 2018
	  	 	101.750	% 
	 2019
	  	 	100.875	% 
	 2020 and thereafter
	  	 	100.000	% 

 In addition, at any time prior to October 1, 2015, the Company may redeem up to 35% of the aggregate
principal amount of the Notes (including any Additional Notes) with the Net Cash Proceeds of one or more sales of common stock of the Company at any time as a whole or from time to time in part, at a Redemption Price (expressed as a percentage of
principal amount) of 105.25%, plus accrued and unpaid interest thereon, if any, to the Redemption Date; provided that (i) at least 60% of the aggregate principal amount of Notes originally issued on the Closing Date remains outstanding
after each such redemption and (ii) notice of any such redemption is mailed within 60 days after each such sale of common stock. 

  
 - 26 -

 SECTION 3.02. Notices to Trustee. If the Company elects to redeem Notes pursuant to
Section 3.01, it shall notify the Trustee in writing of the Redemption Date and the principal amount of Notes to be redeemed (or that all Notes are outstanding on the Redemption Date are to be redeemed) and the clause of this Indenture pursuant
to which redemption shall occur. 
 The Company shall give each notice provided for in this Section 3.02 in an
Officer’s Certificate at least 35 days before the Redemption Date (unless a shorter period shall be satisfactory to the Trustee). 
 SECTION 3.03. Selection of Notes to Be Redeemed. If less than all of the Notes are to be redeemed at any time, the Trustee shall select the Notes to be redeemed in compliance with the requirements,
as certified to it by the Company, of the principal national securities exchange, if any, on which the Notes are listed or, if the Notes are not listed on a national securities exchange or automated quotation system on a pro rata basis, by lot or by
such other method as the Trustee in its sole discretion shall deem fair and appropriate and/or in accordance with guidelines set by the Depositary; provided that no Note of $2,000 in principal amount or less shall be redeemed in part.

 The Trustee shall make the selection from the Notes outstanding and not previously called for redemption. Notes in
denominations of $2,000 in principal amount may only be redeemed in whole. The Trustee may select for redemption portions (equal to $2,000 in principal amount or multiples of $1,000 in excess thereof) of Notes that have denominations larger than
$2,000 in principal amount. 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 and the Registrar promptly in writing of the Notes or
portions of Notes to be called for redemption. 
 SECTION 3.04. Notice of Redemption. With respect to any redemption of
Notes pursuant to Section 3.01, at least 30 days but not more than 60 days before a Redemption Date, the Company shall mail a notice of redemption by first-class mail to each Holder (except as otherwise provided in the last paragraph of this
Section 3.04) whose Notes are to be redeemed, except that redemption notices may be mailed more than 60 days prior to the Redemption Date if the notice is issued in connection with a defeasance of the Notes pursuant to Section 8.02 hereof
or a satisfaction and discharge of the Indenture pursuant to Section 8.01 hereof. 
 The notice shall identify the Notes to
be redeemed and shall state: 
 (i) the Redemption Date; 

(ii) the Redemption Price; 
 (iii) the name and address of the Paying Agent; 
 (iv) that Notes
called for redemption must be surrendered to the Paying Agent in order to collect the Redemption Price; 

  
 - 27 -

 (v) that, unless the Company defaults in making the redemption payment,
interest on Notes called for redemption ceases to accrue on and after the Redemption Date and the only remaining right of the Holders is to receive payment of the Redemption Price plus accrued interest to the Redemption Date upon surrender of the
Notes to the Paying Agent; 
 (vi) that, if any Note is being redeemed in part, the portion of the principal
amount (equal to $2,000 in principal amount or any integral multiple thereof) of such Note to be redeemed and that, on and after the Redemption Date, upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed
portion thereof will be reissued; and 
 (vii) that, if any Note contains a CUSIP, CINS or ISIN number as
provided in Section 2.13, no representation is being made as to the correctness of the CUSIP, CINS or ISIN number either as printed on the Notes or as contained in the notice of redemption and that reliance may be placed only on the other
identification numbers printed on the Notes. 
 At the Company’s request (which request may be revoked by the Company at
any time prior to the time at which the Trustee shall have given such notice to the Holders), made in writing to the Trustee at least 45 days (or such shorter period as shall be satisfactory to the Trustee) before a Redemption Date, the Trustee
shall give the notice of redemption in the name and at the expense of the Company. If, however, the Company gives such notice to the Holders, the Company shall concurrently deliver to the Trustee an Officer’s Certificate stating that such
notice has been given. 
 SECTION 3.05. Effect of Notice of Redemption. Once notice of redemption is mailed, Notes called
for redemption become due and payable on the Redemption Date and at the Redemption Price. Upon surrender of any Notes to the Paying Agent, such Notes shall be paid at the Redemption Price, plus accrued interest, if any, to the Redemption Date.

 Notice of redemption shall be deemed to be given when mailed, whether or not the Holder receives the notice. In any event,
failure to give such notice, or any defect therein, shall not affect the validity of the proceedings for the redemption of Notes held by Holders to whom such notice was properly given. 

SECTION 3.06. Deposit of Redemption Price. On or prior to 11:00 a.m., New York City time, on any Redemption Date, the Company
shall deposit with the Paying Agent (or, if the Company is acting as its own Paying Agent, shall segregate and hold in trust as provided in Section 2.05) money sufficient to pay the Redemption Price of and accrued interest on all Notes to be
redeemed on that date other than Notes or portions thereof called for redemption on that date that have been delivered by the Company to the Trustee for cancellation. 

  
 - 28 -

 SECTION 3.07. Payment of Notes Called for Redemption. If notice of redemption has
been given in the manner provided above, the Notes or portion of Notes specified in such notice to be redeemed shall become due and payable on the Redemption Date at the Redemption Price stated therein, together with accrued interest to such
Redemption Date, and on and after such date (unless the Company shall default in the payment of such Notes at the Redemption Price and accrued interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the
Redemption Date at the rate prescribed in the Notes), such Notes shall cease to accrue interest. Upon surrender of any Note for redemption in accordance with a notice of redemption, such Note shall be paid and redeemed by the Company at the
Redemption Price, together with accrued interest, if any, to the Redemption Date; provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the
close of business on the relevant Regular Record Date. 
 SECTION 3.08. Notes Redeemed in Part. Upon surrender of any
Note that is redeemed in part, the Company shall execute and the Trustee shall authenticate and deliver to the Holder without service charge, a new Note equal in principal amount to the unredeemed portion of such surrendered Note. 

ARTICLE FOUR 

COVENANTS 

SECTION 4.01. Payment of Notes. The Company shall pay the principal of, premium, if any, and interest on the Notes on the dates
and in the manner provided in the Notes and this Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the date due if the Trustee or Paying Agent (other than the Company, a Subsidiary of the Company, or
any Affiliate of any of them) holds on that date money designated for and sufficient to pay the installment. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, an installment of principal, premium,
if any, or interest shall be considered paid on the due date if the entity acting as Paying Agent complies with the last sentence of Section 2.05. As provided in Section 6.09, upon any bankruptcy or reorganization procedure relative to the
Company, the Trustee shall serve as the Paying Agent, if any, for the Notes. 
 The Company shall pay interest on overdue
principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at the rate per annum specified in the Notes. 
 SECTION 4.02. Maintenance of Office or Agency. The Company shall maintain an office or agency where Notes may be surrendered for registration of transfer or exchange or for presentation for payment
and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company will 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, surrenders, notices and demands may be made or served at the address of the Trustee
set forth in Section 11.01. 

  
 - 29 -

 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 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. 

The Company hereby initially designates the Paying Agent Office of the Trustee, as such office or agency of the Company where Notes may
be surrendered for registration of transfer or exchange or for presentation for payment. 
 The Company hereby initially
designates the Corporate Trust Office of the Trustee, as such office where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. 
 SECTION 4.03. Limitation on Liens. The Company will not, and will not permit any of its Subsidiaries to, create, incur, issue, assume or guarantee any Indebtedness secured by a Lien upon any of its
properties or assets, whether owned on the Closing Date or thereafter acquired, without effectively providing concurrently that the Notes are secured equally and ratably with or, at the Company’s option, prior to such Indebtedness so long as
such Indebtedness shall be so secured. 
 The foregoing restriction shall not apply to, and there shall be excluded from
Indebtedness in any computation under such restriction, Indebtedness secured by: 
 (i) Permitted Liens;

 (ii) Liens securing obligations under the Notes and this Indenture; 

(iii) Liens in favor of the Company or any of its Subsidiaries; 

(iv) Liens to secure obligations under Credit Facilities (and any Refinancing thereof pursuant to clause (vi) below)
in an aggregate principal amount not to exceed $600.0 million plus the amount of any premium, fee, expense or accrued and unpaid interest payable in connection with any Refinancing thereof and Attributable Debt under Sale and Leaseback Transactions
permitted under clauses (i), (iii) and (iv) of Section 4.04; 
 (v) Liens on property or assets of
Foreign Subsidiaries to secure Indebtedness of such Foreign Subsidiary (a) existing on the date hereof or (b) incurred in the ordinary course of business; and 

(vi) Liens existing on the date hereof or any extension, renewal, replacement or refunding, in whole or in part, of any
Indebtedness secured by a Lien existing on the 

  
 - 30 -

 
date hereof or referred to in the foregoing clauses or Liens created in connection with any amendment, consent or waiver relating to such Indebtedness and the principal amount of the Indebtedness
secured thereby and not otherwise authorized by the foregoing clauses (collectively a “Refinancing”) shall not exceed the principal amount of Indebtedness, plus any premium, fee, expense or accrued and unpaid interest payable in
connection with any such extension, renewal, replacement or refunding, so secured at the time of such extension, renewal, replacement or refunding. 
 For purposes of determining compliance of any non-U.S. dollar-denominated Indebtedness with this covenant, the amount outstanding under any U.S. dollar-equivalent principal amount of Indebtedness
denominated in a foreign currency shall at all times be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the case of term Indebtedness, or first committed, in the case of revolving
credit Indebtedness; provided, however, that if such Indebtedness is incurred to refinance other Indebtedness denominated in the same or different currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction
to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing
Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. 
 For purposes of determining what
category of excluded Liens in the foregoing paragraphs, or the next paragraph in which any Lien shall be included, the Company in its sole discretion may classify such Lien on the date of its incurrence and later reclassify all or a portion of such
Lien in any manner that complies with this covenant. 
 Notwithstanding the restrictions described above, the Company and any of
its Subsidiaries may create, incur, issue, assume or guarantee Indebtedness secured by Liens without securing the Notes, if at the time of such creation, incurrence, issuance, assumption or guarantee, after giving effect thereto and to the
retirement of any Indebtedness which is concurrently being retired, the aggregate amount of all such Indebtedness secured by Liens which would otherwise be subject to such restrictions (other than any Indebtedness secured by Liens permitted as
described in clauses (i) through (vi) of the second paragraph of this Section 4.03) plus all Attributable Debt of the Company and any of its Subsidiaries in respect of Sale and Leaseback Transactions (with the exception of such
transactions which are permitted under clauses (i) through (iii) of Section 4.04) does not exceed 15% of Consolidated Tangible Assets. 
 SECTION 4.04. Limitation on Sale and Leaseback Transactions. The Company will not, and will not permit any of its Subsidiaries to, enter into any Sale and Leaseback Transaction unless: 

(i) the Sale and Leaseback Transaction is solely with the Company or any of its Subsidiaries; 

(ii) the Company or such Subsidiary would (at the time of entering into such arrangement) be entitled as described in
clauses (i) through (vi) of the second paragraph 

  
 - 31 -

 
of Section 4.03, without securing the Notes then outstanding under this Indenture, to create, incur, issue, assume or guarantee Indebtedness secured by a Lien on such property or assets in
the amount of the Attributable Debt arising from such Sale and Leaseback Transaction; 
 (iii) the Company or
such Subsidiary within 180 days after the sale of property or assets in connection with such Sale and Leaseback Transaction is completed, applies an amount equal to the greater of (A) the net proceeds of the sale of such property or assets or
(B) the Fair Market Value of such property or assets to (i) the permanent retirement of Notes, other Indebtedness of the Company ranking on a parity with the Notes or Indebtedness of a Subsidiary or (ii) the acquisition of different
property, facilities or equipment or the expansion of the Company’s existing business, including the acquisition of other businesses or capital expenditures; or 

(iv) the Attributable Debt of the Company and its Subsidiary in respect of such Sale and Leaseback Transaction and all
other Sale and Leaseback Transactions entered into after the Closing Date (other than any such Sale and Leaseback Transaction as would be permitted as described in clauses (i) through (iii) of this Section 4.04), plus the aggregate
principal amount of Indebtedness secured by Liens then outstanding (not including any such Indebtedness secured by Liens described in clauses (i) through (vi) of the second paragraph of Section 4.03) which do not equally and ratably
secure the Notes (or secure Notes on a basis that is prior to other Indebtedness secured thereby), would not exceed 15% of Consolidated Tangible Assets. 
 For purposes of determining the applicable category of permitted Sale and Leaseback Transactions in the foregoing clauses, the Company in its sole discretion may classify such Sale and Leaseback
Transaction on the date of its incurrence and later reclassify all or a portion of such Sale and Leaseback Transaction in any manner that complies with this covenant. 
 SECTION 4.05. Repurchase of Notes upon a Change of Control. The Company must commence, within 30 days of the occurrence of a Change of Control, and consummate an Offer to Purchase for all Notes
then outstanding, at a purchase price equal to 101% of their principal amount, plus accrued interest, if any, to the Payment Date. 
 The Company will not be required to make an Offer to Purchase upon the occurrence of a Change of Control pursuant to this Section 4.05, if (i) a third party makes an Offer to Purchase the Notes
in the manner, at the times and otherwise in compliance with this Indenture applicable to an Offer to Purchase and purchases all Notes properly tendered and not withdrawn in such Offer to Purchase upon a Change of Control, or (ii) a notice of
redemption has been given pursuant to Section 3.04 of this Indenture unless and until there is a default in payment of the applicable redemption price. An Offer to Purchase upon the occurrence of a Change of Control may be made by either the
Company or a third party in advance of a Change of Control if a definitive agreement to effect the Change of Control is in place at the time such Offer to Purchase is made and the Offer to Purchase is effected upon the consummation of the Change of
Control, and such Offer to Purchase may be conditional on the Change of Control. 

  
 - 32 -

 SECTION 4.06. Existence. Subject to Articles Four and Five of this Indenture, the
Company shall do or cause to be done all things reasonably necessary to preserve and keep in full force and effect its existence and the existence of each of its Subsidiary Guarantors in accordance with the respective organizational documents of the
Company and each of its Subsidiary Guarantors and the material rights (whether pursuant to charter, certificate of formation, article of incorporation, partnership certificate, agreement, statute or otherwise), licenses and franchises of the Company
and each of its Subsidiary Guarantors; provided that the Company shall not be required to preserve any such right, license or franchise, or the existence of any Subsidiary Guarantor, if the maintenance or preservation thereof is no longer
desirable in the Company’s judgment for the conduct of the business of the Company and its Subsidiary Guarantors taken as a whole. 
 SECTION 4.07. Payment of Taxes and Other Claims. The Company shall pay or discharge and shall cause each of its Subsidiary Guarantors to pay or discharge, or cause to be paid or discharged, before
the same shall become delinquent (i) all material taxes, assessments and governmental charges levied or imposed upon (a) the Company or any such Subsidiary Guarantor, (b) the income or profits of any such Subsidiary Guarantor which is
a corporation or (c) the property of the Company or any such Subsidiary Guarantor and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a lien upon the property of the Company or any
such Subsidiary Guarantor; provided that the Company shall not be required to pay or discharge, or cause to be paid or discharged, any such tax, assessment, charge or claim the amount, applicability or validity of which is being contested in
good faith by appropriate proceedings and for which adequate reserves have been established. 
 SECTION 4.08. Maintenance of
Properties and Insurance. The Company shall cause all properties used or useful in the conduct of its business or the business of any of its Subsidiary Guarantors to be maintained and kept in good condition, repair and working order and supplied
with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection
therewith may be properly and advantageously conducted at all times; provided that nothing in this Section 4.08 shall prevent the Company or any Subsidiary Guarantor from discontinuing the use, operation or maintenance of any of such
properties or disposing of any property or assets, if such discontinuance or disposal is, in the judgment of the Company, desirable for the Company on a consolidated basis. 
 The Company will provide or cause to be provided, for itself and its Subsidiary Guarantors, insurance (including appropriate self-insurance) in amounts and with such deductions and covering such risks as
it reasonably deems adequate, with recognized, financially sound insurers or with the government of the United States of America, or an agency or instrumentality thereof, in such amounts, with such deductibles and by such methods as shall be
customary for corporations similarly situated in the industry in which the Company or any such Subsidiary Guarantors, as the case may be, is then conducting business. 

  
 - 33 -

 SECTION 4.09. Notice of Defaults. In the event that any Officer becomes aware of any
Default or Event of Default, the Company shall deliver to the Trustee an Officer’s Certificate, within 10 days of becoming aware of such Default or Event of Default, specifying such Default or Event of Default, its status and what action the
Company is taking or proposes to take with respect thereto. 
 SECTION 4.10. Compliance Certificates. The Company shall
deliver to the Trustee, within 90 days after the end of the last fiscal quarter of each year, an Officer’s Certificate stating whether or not the signers know of any Default or Event of Default that occurred during such fiscal year. Such
certificate shall contain a certification from the Principal Executive Officer, Principal Financial Officer or Principal Accounting Officer of the Company that a review has been conducted of the activities of the Company and its Subsidiary
Guarantors and the Company’s and its Subsidiary Guarantor’s performance under this Indenture and that the Company has complied with all conditions and covenants under this Indenture. Except with respect to any Default or Event of Default
information contained in the Officer’s Certificate delivered to it pursuant to this Section 4.10, the Trustee shall have no duty to review, ascertain or confirm the Company’s compliance with or breach of any representation, warranty
or covenant made in this Indenture. If any of the officers of the Company signing such certificate has knowledge of such a Default or Event of Default, the certificate shall describe any such Default or Event of Default and its status. The first
certificate pursuant to this Section 4.10 shall be delivered within 90 days of the end of the last fiscal quarter of 2012. 

SECTION 4.11. Commission Reports and Reports to Holders. Whether or not the Company is required to file reports with the
Commission, to the extent permitted by the Commission, the Company shall file with the Commission all such reports and other information as it would be required to file with the Commission by Section 13(a) or 15(d) under the Exchange Act if it
were subject thereto within the time periods specified by the Commission’s rules and regulations. For as long as the Notes are outstanding, the Company shall supply the Trustee within 15 days of filing with the Commission and each Holder who so
requests or shall supply to the Trustee for forwarding to each such Holder, without cost to such Holder, copies of such reports and other information. 
 Delivery of any information to the Trustee is for informational purposes only and the Trustee’s receipt of the information shall not constitute actual or constructive notice of any information
contained therein, including the Company’s compliance with any of its covenants thereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). The Trustee shall not be required to examine any information
for any reason hereunder, including without limitation, determining whether the Company has complied with its covenants or obligations hereunder or to ascertain the correctness or otherwise of the information or statements contained therein. The
Trustee is entitled to assume such compliance and correctness unless a Responsible Officer of the Trustee is informed otherwise. 

  
 - 34 -

 SECTION 4.12. Waiver of Stay, Extension or Usury Laws. The Company covenants (to the
extent that it may lawfully do so) that it will not 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 or any usury law or other law that would prohibit or forgive the
Company from paying all or any portion of the principal of, premium, if any, or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or that may affect the covenants or the performance of this
Indenture; and (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee,
but will suffer and permit the execution of every such power as though no such law had been enacted. 
 SECTION 4.13.
Issuances of Subsidiary Guarantees. The Company shall cause each domestic Subsidiary of the Company that Guarantees Indebtedness of the Company under the Credit Agreement to execute and deliver a supplemental indenture to this Indenture
providing for a Note Guarantee by such Subsidiary pursuant to Article Ten, it being acknowledged that any such Note Guarantee shall be limited hereunder to the same extent such Subsidiary Guarantor’s Guarantee of Indebtedness under the Credit
Agreement is limited; provided further that no Subsidiary will be required to become a Subsidiary Guarantor where prohibited by applicable Federal or state laws and regulations. 

ARTICLE FIVE 

SUCCESSOR CORPORATION 
 SECTION 5.01. When Company or Subsidiary Guarantors May Merge, Etc. The Company will not consolidate with, merge with or into, or sell, convey, transfer, lease or otherwise dispose of all or
substantially all of its property and assets (as an entirety or substantially an entirety in one transaction or a series of related transactions) to, any Person unless: 

(i) it shall be the continuing Person, or the Person (if other than it) formed by such consolidation or into which it is
merged or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made (the “Surviving Person”) shall be a corporation, limited liability company, trust or limited partnership organized and
validly existing under the laws of the United States of America or any jurisdiction thereof; 
 (ii) the
Surviving Person shall expressly assume, by supplemental indenture, which shall be in form reasonably satisfactory to the Trustee, all of the Company’s obligations under the Notes and the Indenture; 

(iii) immediately after giving effect to such transaction or series of transactions on a pro forma basis, no Default or
Event of Default shall have occurred and be continuing; 
 (iv) each Subsidiary Guarantor, unless such Subsidiary
Guarantor is the Person with which the Company has entered into a transaction under this Section 5.01, shall have confirmed that its Note Guarantee shall apply to the obligations of the Company or the Surviving Person in accordance with the
Notes and this Indenture; and 

  
 - 35 -

 (v) The Company or the Surviving Person, as applicable, shall have delivered
to the Trustee an Officer’s Certificate stating that (y) the transaction or series of transactions and such supplemental indenture, if any, complies with this provision, and (z) all conditions precedent provided for herein relating to
the transaction or series of transactions have been satisfied. 
 Subject to the following paragraph, nothing contained in this
Indenture shall prevent any consolidation or merger of a Subsidiary with or into the Company or another Subsidiary that is a wholly owned Subsidiary of the Company or shall prevent any sale, assignment, conveyance, transfer, lease or other
disposition of the property or assets of the Company or a Subsidiary as an entirety or substantially as an entirety to the Company or another Subsidiary that is a wholly owned Subsidiary of the Company. 

Each Subsidiary Guarantor (other than any Subsidiary Guarantor whose Note Guarantee is to be released in accordance with the terms of its
Note Guarantee and this Indenture, in connection with the sale, exchange or transfer to any Person (other than a Subsidiary of the Company) of all of the Capital Stock of such Subsidiary Guarantor) will not, and the Company will not cause or permit
any Subsidiary Guarantor to, consolidate with or merge with or into any Person other than the Company or any other Subsidiary Guarantor unless: 
 (i) such Subsidiary Guarantor is the surviving corporation or the Person formed by or surviving any such consolidation or merger (if other than the Subsidiary Guarantor) is a corporation organized and
existing under the laws of the United States of America or any jurisdiction thereof and such Person assumes by supplemental indenture all of the obligations of the Subsidiary Guarantor on its Note Guarantee; and 

(ii) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be
continuing. 
 SECTION 5.02. Successor Substituted. Upon any consolidation or merger, or any sale, conveyance, transfer,
lease or other disposition of all or substantially all of the property and assets of the Company or any Subsidiary Guarantor in accordance with Section 5.01 of this Indenture, the successor Person formed by such consolidation or into which the
Company or any Subsidiary Guarantor is merged or to which such sale, conveyance, transfer, lease or other disposition is made shall succeed to, and except in the case of a lease, be substituted for, and may exercise every right and power of, the
Company or such Subsidiary Guarantor under this Indenture and the Notes or Note Guarantee, as applicable, with the same effect as if such successor Person had been named as the Company or such Subsidiary Guarantor herein; provided that the
Company shall not be released from its obligation to pay the principal of, premium, if any, or interest on the Notes and such Subsidiary Guarantor shall not be released from its Note Guarantee in the case of a lease of all or substantially all of
its property and assets. 

  
 - 36 -

 ARTICLE SIX 
 DEFAULT AND REMEDIES 
 SECTION 6.01. Events of Default. Each of the
following is an “Event of Default”: 
 (q) default in the payment in respect of the principal of
(or premium, if any, on) any Note at its maturity (whether at Stated Maturity or upon repurchase, acceleration, optional redemption or otherwise); 
 (r) default in the payment of any interest upon any Note when it becomes due and payable, and continuance of such default for a period of 30 days; 

(s) except as permitted by this Indenture, any Note Guarantee of any Subsidiary Guarantor, shall for any reason cease to
be, or it shall be asserted by any Subsidiary Guarantor or the Company not to be, in full force and effect and enforceable in accordance with its terms for a period of 45 days; 

(t) default in the performance, or breach, of any covenant or agreement of the Company or any Subsidiary Guarantor in this
Indenture (other than a covenant or agreement a default in whose performance or whose breach is specifically dealt with in clauses (a), (b), or (c) above), and continuance of such default or breach for a period of 30 days after written notice
thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes; 

(u) a default or defaults under any bonds, debentures, notes or other evidences of Indebtedness (other than the Notes) by
the Company or any Significant Subsidiary having, individually or in the aggregate, a principal or similar amount outstanding of at least $75.0 million, whether such Indebtedness now exists or shall hereafter be created, which default or defaults
shall have resulted in the acceleration of the maturity of such Indebtedness prior to its express maturity or shall constitute a failure to pay at least $75.0 million of such Indebtedness when due and payable after the expiration of any applicable
grace period with respect thereto; 
 (v) the entry against the Company or any Significant Subsidiary of a final
judgment or final judgments for the payment of money in an aggregate amount in excess of $75.0 million, by a court or courts of competent jurisdiction, which judgments remain undischarged, unwaived, unstayed, unbonded or unsatisfied for a period of
60 consecutive days; or 
 (w) the Company, any Subsidiary that is a Significant Subsidiary or any group of
Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law: 
 (a) commences a voluntary case, 

  
 - 37 -

 (b) consents to the entry of an order for relief against it in an
involuntary case, 
 (c) consents to the appointment of a Custodian of it or for all or substantially all of its
property, 
 (d) makes a general assignment for the benefit of its creditors, or 

(e) generally is not paying its debts as they become due; or 

(ii) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(a) is for relief against the Company or any Subsidiary that is a Significant Subsidiary or any group of Subsidiaries
that, taken together, would constitute a Significant Subsidiary, in an involuntary case; 
 (b) appoints a
Custodian of the Company or any Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any
of its Subsidiaries; or 
 (c) orders the liquidation of the Company or any Subsidiary that is a Significant
Subsidiary or any group of Subsidiaries that, taken together, would constitute a Significant Subsidiary and the order or decree remains unstayed and in effect for 60 consecutive days. 

SECTION 6.02. Acceleration. If an Event of Default (other than an Event of Default specified in clause (g) of
Section 6.01 with respect to the Company) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the principal of the Notes and
any accrued interest on the Notes to be due and payable immediately by a notice in writing to the Company (and to the Trustee if given by Holders); provided, however, that after such acceleration, but before a judgment or decree based
on acceleration, the Holders of a majority in aggregate principal amount of the outstanding Notes may, under certain circumstances, rescind and annul such acceleration if all Events of Default, other than the nonpayment of accelerated principal of,
premium, if any, or interest on the Notes, have been cured or waived as provided in this Indenture. 
 In the event of a
declaration of acceleration of the Notes solely because an Event of Default described in clause (e) of Section 6.01 has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically rescinded and annulled
if the event of default or payment default triggering such Event of Default pursuant to clause (e) of Section 6.01 shall be remedied or cured by the Company or a Subsidiary of the Company or waived by the holders of the relevant
Indebtedness within 90 business days after the declaration of acceleration with respect thereto and if the rescission and annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction
obtained by the Trustee for the payment of amounts due on the Notes. 

  
 - 38 -

 If an Event of Default specified in clause (g) of Section 6.01 occurs with respect
to the Company, the principal of, premium, if any, and any accrued interest on the Notes then outstanding shall ipso facto become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. Prior to an
acceleration described above, the Holders of a majority in principal amount of the outstanding notes, by notice to the Trustee, may waive, on behalf of the Holders of all notes any past default or Event of Default, except as set forth under
Section 9.02. The Trustee may withhold from Holders notice of any Default (except Default in payment of principal of, premium, if any, and interest) if the Trustee determines that withholding notice is in the interest of the Holders to do so.

 SECTION 6.03. Other Remedies. If an Event of Default occurs and is continuing, the Trustee may, and at the direction
of the Holders of at least a majority in principal amount of the outstanding Notes shall, pursue any available remedy by proceeding at law or in equity to collect the payment of principal of, premium, if any, 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. 
 Pursuant to Section 4.10, the Company is
required to deliver to the Trustee annually a statement regarding compliance with this Indenture, and pursuant to Section 4.09, the Company is required upon becoming aware of any Default or Event of Default, to deliver to the Trustee a
statement specifying such Default or Event of Default. 
 SECTION 6.04. Waiver of Past Defaults. Subject to Sections 6.02
and 9.02, the Holders of at least a majority in principal amount of the outstanding Notes, by notice to the Trustee, may waive an existing Default or Event of Default and its consequences, except a Default in the payment of principal of, premium, if
any, or interest on any Note as specified in clause (a) or (b) of Section 6.01 or in respect of a covenant or provision of this Indenture which cannot be modified or amended without the consent of the Holder of each outstanding Note
affected. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default
or Event of Default or impair any right consequent thereto. 
 SECTION 6.05. Control by Majority. The Holders of at least
a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or 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, that may involve the Trustee in personal liability, or that the Trustee determines in good faith 

  
 - 39 -

 
may be unduly prejudicial to the rights of Holders of Notes not joining in the giving of such direction and may take any other action it deems proper that is not inconsistent with any such
direction received from Holders of Notes. 
 SECTION 6.06. Limitation on Suits. No Holder of any Note will have any right
to institute any proceeding with respect to this Indenture or for any remedy hereunder, unless such Holder shall have previously given to the Trustee written notice of a continuing Event of Default and unless also the Holders of at least 25% in
aggregate principal amount of the outstanding Notes shall have made written request to the Trustee, and provided indemnity reasonably satisfactory to the Trustee, to institute such proceeding as Trustee, and the Trustee shall not have received from
the Holders of a majority in aggregate principal amount of the outstanding Notes a direction inconsistent with such request and shall have failed to institute such proceeding within 60 days. Such limitations do not apply, however, to a suit
instituted by a Holder of a Note directly (as opposed to through the Trustee) for enforcement of payment of the principal of (and premium, if any) or interest on such Note on or after the respective due dates expressed in such Note. 

For purposes of Section 6.05 of this Indenture and this Section 6.06, the Trustee shall comply with TIA Section 316(a) in
making any determination of whether the Holders of the required aggregate principal amount of outstanding Notes have concurred in any request or direction of the Trustee to pursue any remedy available to the Trustee or the Holders with respect to
this Indenture or the Notes or otherwise under the law. 
 A Holder may not use this Indenture to prejudice the rights of
another Holder or to obtain a preference or priority over such other Holder. 
 SECTION 6.07. Rights of Holders to Receive
Payment. Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of the principal of, premium, if any, or interest on, such Note or to bring suit for the enforcement of any such payment, on or
after the due date expressed in the Notes, shall not be impaired or affected without the consent of such Holder. 
 SECTION
6.08. Collection Suit by Trustee. If an Event of Default in payment of principal, premium or interest specified in clause (a) or (b) of Section 6.01 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 of the Notes for the whole amount of principal, premium, if any, and accrued interest remaining unpaid, together with interest on overdue principal, premium, if any, and, to the
extent that payment of such interest is lawful, interest on overdue installments of interest, in each case at the rate specified in the Notes, and such further amount as shall be sufficient to cover the costs and expenses of collection, including
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

  
 - 40 -

 SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of
claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and
any other amounts due the Trustee under Section 7.07) and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor of the Notes), its creditors or its property and shall be entitled and empowered to collect
and receive any monies, securities or other property payable or deliverable upon conversion or exchange of the Notes or upon any such claims and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by each Holder to make such 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 to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07. Nothing herein contained shall be deemed to
empower 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 thereof, or to authorize the Trustee to
vote in respect of the claim of any Holder in any such proceeding. 
 SECTION 6.10. Priorities. If the Trustee collects
any money or property pursuant to this Article Six, it shall pay out the money or property in the following order: 
 First: to
the Trustee for all amounts due under Section 7.07; 
 Second: to Holders for amounts then due and unpaid for principal of,
premium, if any, and interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes for principal,
premium, if any, and interest, respectively; and 
 Third: to the Company or any other obligors of the Notes, as their interests
may appear, or as a court of competent jurisdiction may direct. 
 The Trustee, upon prior written notice to the Company, may
fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 
 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 may require any party litigant in such suit to
file an undertaking to pay the costs of the suit, and the court may assess reasonable costs, including reasonable attorneys’ fees, 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 Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07, or a suit by Holders of more than 25% in principal amount of the outstanding Notes. 

  
 - 41 -

 SECTION 6.12. Restoration of Rights and Remedies. If the Trustee or any Holder has
instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then, and in every such case,
subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Company, Trustee and the Holders
shall continue as though no such proceeding had been instituted. 
 SECTION 6.13. Rights and Remedies Cumulative. Except
as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or wrongfully taken Notes in Section 2.09, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 SECTION 6.14. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such right or
remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article Six or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 
 ARTICLE SEVEN 

TRUSTEE 
 SECTION
7.01. General. The duties and responsibilities of the Trustee shall be as set forth herein. Notwithstanding the foregoing, 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 it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or
liability is not assured to it. Whether or not herein expressly so provided, 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
Article Seven. 
 Except during the continuance of a Default, the Trustee will not be liable, except for the performance of such
duties as are specifically set forth in this Indenture. If an Event of Default has occurred and is continuing, the Trustee will use the same degree of care and skill in its exercise of the rights and powers vested in it under this Indenture as a
prudent person would exercise under the circumstances in the conduct of such person’s own affairs. 

  
 - 42 -

 SECTION 7.02. Certain Rights of Trustee. Subject to TIA Sections 315(a) through (d):

 (i) the Trustee may conclusively rely, and shall be protected in acting or refraining from acting, upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or
presented by the proper person; 
 (ii) before the Trustee acts or refrains from acting, it may require an
Officer’s Certificate or an Opinion of Counsel, which shall conform to Section 11.03. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion; 

(iii) the Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence
of any attorney or agent appointed with due care by it hereunder; 
 (iv) 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, unless such Holders shall have offered to the Trustee satisfactory security or indemnity against the costs, expenses
and liabilities that might be incurred by it in compliance with such request or direction; 
 (v) the Trustee
shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers or for any action it takes or omits to take in accordance with the direction of the Holders of a majority in
aggregate principal amount of the outstanding Notes relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee, provided that the
Trustee’s conduct does not constitute gross negligence or bad faith; 
 (vi) whenever in the administration
of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of
bad faith on its part, conclusively rely upon an Officer’s Certificate; 
 (vii) the Trustee shall not be
bound to make any investigation into the facts or matters stated nor need it confirm or investigate the accuracy of mathematical calculations or other facts stated in any resolution, certificate, statement, instrument, opinion, financial statement,
report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, 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, at the Company’s sole cost and expense, to examine the books, records and premises of the Company personally or by agent or
attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

  
 - 43 -

 (viii) the Trustee shall not be charged with knowledge of any Default or
Event of Default with respect to the Notes unless either (1) a Responsible Officer shall have actual knowledge of such Default or Event of Default or (2) written notice of such Default or Event of Default shall have been given to the
Trustee by the Company, any Subsidiary Guarantor or by any Holder of the Notes; 
 (ix) the Trustee may consult
with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon;

 (x) in no event shall the Trustee be responsible or liable for 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 action; 

(xi) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, 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; 

(xii) the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles
of officers authorized at such time to take specified actions pursuant to this Indenture; 
 (xiii) the Trustee
shall not be required to give any bond or surety in respect of the performance of its powers or duties hereunder; and 
 (xiv) the permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as duties. 
 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 the Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to TIA Sections 310(b) and 311. 
 SECTION 7.04. Trustee’s Disclaimer. The Trustee (i) makes no representation as to the validity or adequacy of this Indenture or the Notes, (ii) shall not be accountable for the
Company’s use or application of the proceeds from the Notes and (iii) shall not be responsible for any statement in the Notes other than its certificate of authentication. 

  
 - 44 -

 SECTION 7.05. Notice of Default. If any Default or any Event of Default occurs and is
continuing and if such Default or Event of Default is known to any Responsible Officer of the Trustee, the Trustee shall mail to each Holder in the manner and to the extent provided in TIA Section 313(c) notice of the Default or Event of
Default within 90 days after it occurs, unless such Default or Event of Default has been cured; provided, however, that, except in the case of a default in the payment of the principal of, premium, if any, or interest on any Note, the Trustee
shall be protected in withholding such notice if and so long as a trust committee of Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Holders. 

SECTION 7.06. Reports by Trustee to Holders. Within 60 days after each October 1, beginning with October 1, 2013, the
Trustee shall mail to each Holder as provided in TIA Section 313(c) a brief report dated as of such October 1, if required by TIA Section 313(a). 
 A copy of each report at the time of its mailing to the Holders of Securities shall be mailed to the Company and filed with the Commission and each stock exchange on which the Securities are listed in
accordance with TIA Section 313(d). The Company shall promptly notify the Trustee when the Securities are listed on any stock exchange or of any delisting thereof. 
 SECTION 7.07. Compensation and Indemnity. The Company shall pay to the Trustee such compensation as shall be agreed upon in writing, from time to time, for its services hereunder. The compensation
of the Trustee shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable disbursements, expenses and advances incurred or made by the Trustee without
negligence or bad faith on its part. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 
 The Company and each Subsidiary Guarantor, jointly and severally, shall indemnify each of the Trustee or any predecessor Trustee and their directors, officers, agents and employees for, and hold them
harmless against, any and all loss, damage, claims, liability or expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), arising out of or in connection with the acceptance or administration of
the trust or trusts hereunder, including the costs and expenses of defending itself against any claim (whether asserted by the Company, or any Holder or any other Person) or liability in connection with the exercise or performance of any of its
powers or duties hereunder, or in connection with enforcing the provisions of this Section, except to the extent that such loss, damage, claim, liability or expense is due to its own negligence or bad faith. The Trustee shall notify the Company
promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder, unless the Company is materially prejudiced thereby. The Company shall defend the
claim and the Trustee shall cooperate in the defense provided, however, that the Trustee shall have the right to defend 

  
 - 45 -

 
such claim if, upon the advice of counsel, its interests may be prejudiced by the conduct of such defense by the Company or if a conflict of interest exists by reason of Common representation.
Unless otherwise set forth herein, the Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent shall not be
unreasonably withheld. 
 To secure the Company’s 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, in its capacity as Trustee, except money or property held in trust to pay principal of, premium, if any, and interest on particular Notes. 

If the Trustee incurs expenses or renders services after the occurrence of an Event of Default specified in clause (f) or
(g) of Section 6.01, the expenses and the compensation for the services will be intended to constitute expenses of administration under Title 11 of the United States Bankruptcy Code or any applicable federal or state law for the relief of
debtors. 
 The provisions of this Section 7.07 shall survive the resignation or removal of the Trustee and termination of
this Indenture. 
 The Trustee shall comply with the provisions of TIA Section 313(b)(2) to the extent applicable.

 SECTION 7.08. Replacement of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee
shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 

The Trustee may resign at any time by so notifying the Company in writing at least 30 days prior to the date of the proposed resignation.
The Holders of a majority in principal amount of the outstanding Notes may remove the Trustee by so notifying the Trustee in writing and may appoint a successor Trustee with the consent of the Company. The Company may remove the Trustee if:
(i) the Trustee is no longer eligible under Section 7.10; (ii) the Trustee is adjudged a bankrupt or an insolvent; (iii) a receiver or other public officer takes charge of the Trustee or its property; or (iv) the Trustee
becomes incapable of acting. 
 If the Trustee resigns or is removed, or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the outstanding Notes may appoint a successor Trustee to replace the successor
Trustee appointed by the Company. If the successor Trustee does not deliver its written acceptance required by the next succeeding paragraph of this Section 7.08 within 30 days after the retiring Trustee resigns or is removed, the retiring
Trustee, the Company or the Holders of a majority in principal amount of the outstanding Notes may, at the expense of the Company, petition any court of competent jurisdiction for the appointment of a successor Trustee. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after
the delivery of such written acceptance, 

  
 - 46 -

 
subject to the lien provided in Section 7.07, (i) the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee, (ii) the resignation or removal
of the retiring Trustee shall become effective and (iii) the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. A successor Trustee shall mail notice of its succession to each Holder. No
successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article. 
 If the Trustee is no longer eligible under Section 7.10 or shall fail to comply with TIA Section 310(b), any Holder who satisfies the requirements of TIA Section 310(b) may petition any
court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.08, the Trustee shall resign
immediately in the manner and with the effect provided in this Section. 
 The Company shall give notice of any resignation and
any removal of the Trustee and each appointment of a successor Trustee to all Holders. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 

Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligation under Section 7.07
shall continue for the benefit of the retiring Trustee. Upon the Trustee’s resignation or removal, the Company shall promptly pay the Trustee all amounts owed by the Company to the Trustee. 

SECTION 7.09. Successor Trustee by Merger, Etc. If the Trustee consolidates with, merges or converts into, or transfers all or
substantially all of its corporate trust business to, another corporation or national banking association, the resulting, surviving or transferee corporation or national banking association without any further act shall be the successor Trustee with
the same effect as if the successor Trustee had been named as the Trustee herein, provided such corporation shall be otherwise qualified and eligible under this Article. 
 SECTION 7.10. Eligibility. This Indenture shall always have a Trustee who satisfies the requirements of TIA Section 310(a)(1). The Trustee shall have a combined capital and surplus of at least
$25 million as set forth in its most recent published annual report of condition that is subject to the requirements of applicable federal or state supervising or examining authority. If at any time the Trustee shall cease to be eligible in
accordance with the provisions of this Section 7.10, the Trustee shall resign immediately in the manner and with the effect specified in this Article. 
 SECTION 7.11. Money Held in Trust. The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree with the Company. Money held in trust by the Trustee need
not be segregated from other funds except to the extent required by law and except for money held in trust under Article Eight of this Indenture. 

  
 - 47 -

 ARTICLE EIGHT 
 DISCHARGE OF INDENTURE 
 SECTION 8.01. Termination of Company’s
Obligations. Except as otherwise provided in this Section 8.01, the Company may terminate its obligations under the Notes and this Indenture if: 
 (i) all Notes previously authenticated and delivered (other than destroyed, lost or stolen Notes that have been replaced or Notes that are paid pursuant to Section 4.01 or Notes for whose payment
money or securities have theretofore been held in trust and thereafter repaid to the Company, as provided in Section 8.05) have been delivered to the Trustee for cancellation and the Company has paid all sums payable by it hereunder; or

 (ii) (A) the Notes mature within one year or all of them are to be called for redemption within one year under
arrangements satisfactory to the Trustee for giving the notice of redemption by the Trustee in the name and at the expense of the Company, (B) the Company irrevocably deposits in trust with the Trustee during such one-year period, under the
terms of an irrevocable trust agreement in form and substance satisfactory to the Trustee, trust funds solely for the benefit of the Holders for that purpose, in cash or U.S. Government Obligations that through the payment of interest and principal
in respect thereof in accordance with their terms will provide money in an amount sufficient (if trust funds are in U.S. Government Obligations, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee), without consideration of any reinvestment of any interest thereon, to pay principal, premium, if, any, and interest on the Notes to maturity or redemption, as the case may be, and to pay all other
sums payable by it hereunder, (C) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company or any Subsidiary Guarantor is a party or by
which it is bound (D) the Company has delivered irrevocable instructions to the Trustee to apply such deposited money towards the payment of the Notes at maturity or on the Redemption Date, as the case may be and (E) the Company has
delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel reasonably acceptable to the Trustee, in each case stating that all conditions precedent provided for herein relating to the satisfaction and discharge of this
Indenture have been complied with. 
 With respect to the foregoing clause (i), the Company’s obligations under
Section 7.07 shall survive. With respect to the foregoing clause (ii), the Company’s obligations in Sections 2.02, 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 2.09, 2.14, 4.02, 7.07, 7.08, 8.04, 8.05 and 8.06 shall survive until the Notes are no
longer outstanding. Thereafter, only the Company’s obligations in Sections 7.07, 8.04, 8.05 and 8.06 shall survive. If money shall have been deposited with the Trustee pursuant to this Section 8.01, the obligations of the Trustee under
Section 8.04 hereof shall survive. After any such irrevocable deposit, the Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations under the Notes and this Indenture except for those surviving
obligations specified above. 

  
 - 48 -

 SECTION 8.02. Defeasance and Discharge of Indenture. The Company will be deemed to
have paid and will be discharged from any and all obligations in respect of the Notes after the deposit referred to in clause (A) of this Section 8.02, and the provisions of this Indenture will no longer be in effect with respect to the
Notes (except for Sections 2.02, 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 2.09, 2.14, 4.02, 7.07, 7.08, 8.04, 8.05 and 8.06) and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same if: 

(A) With reference to this Section 8.02, the Company has irrevocably deposited or caused to be irrevocably deposited
with the Trustee (or another trustee satisfying the requirements of Section 7.10) and conveyed all right, title and interest to the Trustee for the benefit of the Holders, under the terms of an irrevocable trust agreement in form and substance
satisfactory to the Trustee as trust funds in trust specifically pledged to the Trustee for the benefit of the Holders as security for payment of the principal of, or premium, if any, on the Notes and dedicated solely to, the benefit of the Holders,
in and to (1) money in an amount, (2) U.S. Government Obligations that through the payment of interest and principal in respect thereof in accordance with their terms, will provide, not later than one day before the due date of any payment
referred to in clause (A), money in an amount or (3) a combination thereof in an amount sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the
Trustee, to pay and discharge, without consideration of the reinvestment of such interest and after payment of all federal, state and local taxes or other charges and assessments in respect thereof payable by the Trustee, the principal of, premium
if any, and accrued interest on the outstanding Notes (i) on the Stated Maturity of such principal and interest; provided that the Trustee shall have been irrevocably instructed to apply such money or the proceeds of such U.S. Government
Obligations to the payment of such principal, premium, if any, and interest with respect to the Notes or (ii) on any earlier Redemption Date pursuant to the terms of this Indenture and the Notes; provided that the Company has provided
the Trustee with irrevocable instructions to redeem all of the outstanding Notes on such Redemption Date; 
 (B)
The Company has delivered to the Trustee (1) either (x) an Opinion of Counsel to the effect that the beneficial owners of the Notes will not recognize income, gain or loss for federal income tax purposes as a result of the Company’s
exercise of its option under this Section 8.02 and will be subject to 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, defeasance and discharge had not occurred,
which Opinion of Counsel shall be based upon (and accompanied by a copy of) a published ruling of the Internal Revenue Service to the same effect unless there has been a change in applicable federal income tax law after the Closing Date such that a
ruling is no longer required or (y) a ruling directed to the Trustee received from the Internal Revenue Service to the same effect as the aforementioned Opinion of Counsel and (2) an Opinion of Counsel to the effect that the creation of
the defeasance trust does not violate the Investment Company Act of 1940; 
 (C) immediately after giving effect
to such deposit on a pro forma basis, no Event of Default, or event that after the giving of notice or lapse of time or both would 

  
 - 49 -

 
become an Event of Default, shall have occurred and be continuing on the date of such deposit and such deposit shall not result in a breach or violation of, or constitute a default under, any
other material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
 (D) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the defeasance or
discharge contemplated by this Section 8.02 have been complied with; and 
 (E) if the Notes are redeemed
prior to their Stated Maturity, notice of such redemption shall have been duly given or provision therefor satisfactory to the Trustee shall have been made. 
 If and when a ruling from the Internal Revenue Service or an Opinion of Counsel referred to in clause (B)(1) of this Section 8.02 is able to be provided specifically without regard to, and not in
reliance upon, the continuance of the Company’s obligations under Section 4.01, then the Company’s obligations under such Section 4.01 shall cease upon delivery to the Trustee of such ruling or Opinion of Counsel and compliance
with the other conditions precedent provided for herein relating to the defeasance contemplated by this Section 8.02. 

After any such irrevocable deposit, the Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations
under the Notes and this Indenture except for those surviving obligations in the immediately preceding paragraph. 
 SECTION
8.03. Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set forth in Sections 4.03 through 4.05 and 4.11 and such omission shall be deemed not to be an Event of Default and clauses (c),
(d) and (e) of Section 6.01 of this Indenture shall be deemed not to be Events of Default, in each case with respect to the outstanding Notes if: 
 (i) with reference to this Section 8.03, the Company has irrevocably deposited or caused to be irrevocably deposited with the Trustee (or another trustee satisfying the requirements of
Section 7.10) and conveyed all right, title and interest to the Trustee for the benefit of the Holders, under the terms of an irrevocable trust agreement in form and substance satisfactory to the Trustee as trust funds in trust, specifically
pledged to the Trustee for the benefit of the Holders as security for payment of the principal of, premium, if any, and interest, if any, on the Notes, and dedicated solely to, the benefit of the Holders, in and to (A) money in an amount,
(B) U.S. Government Obligations that, through the payment of interest, premium, if any, and principal in respect thereof in accordance with their terms, will provide, not later than one day before the due date of any payment referred to in this
clause (i), money in an amount or (C) a combination thereof in an amount sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay
and discharge, without consideration of the reinvestment of such interest and after payment of all federal, state and local taxes or 

  
 - 50 -

 
other charges and assessments in respect thereof payable by the Trustee, the principal of, premium, if any, and interest on the outstanding Notes (i) on the Stated Maturity of such principal
or interest; provided that the Trustee shall have been irrevocably instructed to apply such money or the proceeds of such U.S. Government Obligations to the payment of such principal, premium, if any, and interest with respect to the Notes or
(ii) on any earlier Redemption Date pursuant to the terms of this Indenture and the Notes; provided that the Company has provided the Trustee with irrevocable instructions to redeem all of the outstanding Notes on such Redemption Date;

 (ii) the Company has delivered to the Trustee an Opinion of Counsel to the effect that (A) the creation
of the defeasance trust does not violate the Investment Company Act of 1940 and (B) the beneficial owners of the Notes will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and defeasance of certain
covenants and Events of Default and will be subject to 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. 

(iii) immediately after giving effect to such deposit on a pro forma basis, no Default or Event of Default shall have
occurred and be continuing on the date of such deposit, and such deposit shall not result in a breach or violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the Company or any of its
Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound, 
 (iv) the Company has
delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the defeasance contemplated by this Section 8.03 have been complied with; and

 (v) if the Notes are redeemed prior to their Stated Maturity, notice of such redemption shall have been duly
given or provision therefor satisfactory to the Trustee shall have been made. 
 SECTION 8.04. Application of Trust
Money. Subject to Section 8.06, the Trustee or Paying Agent shall hold in trust money or U.S. Government Obligations deposited with it pursuant to Section 8.01, 8.02 or 8.03, as the case may be, and shall apply the deposited money and
the money from U.S. Government Obligations in accordance with the Notes and this Indenture to the payment of principal of, premium, if any, and interest on the Notes; but such money need not be segregated from other funds except to the extent
required by law. 
 SECTION 8.05. Repayment to Company. Subject to any applicable escheat and abandoned property laws and
Sections 7.07, 8.01, 8.02 and 8.03, the Trustee and the Paying Agent shall promptly pay to the Company upon request set forth in an Officer’s Certificate any excess money held by them at any time and thereupon shall be relieved from all
liability with respect to such money. The Trustee and the 

  
 - 51 -

 
Paying Agent shall pay to the Company upon request any money held by them for the payment of principal, premium, if any, or interest that remains unclaimed for two years; provided that the
Trustee or Paying Agent before being required to make any payment may cause to be published at the expense of the Company once in a newspaper of general circulation in The City of New York or mail to each Holder entitled to such money at such
Holder’s address (as set forth in the Security Register) notice that such money remains unclaimed and that after a date specified therein (which shall be at least 30 days from the date of such publication or mailing) any unclaimed balance of
such money then remaining will be repaid to the Company. After payment to the Company, Holders entitled to such money must look to the Company for payment as general creditors unless an applicable law designates another Person, and all liability of
the Trustee and such Paying Agent with respect to such money shall cease. 
 SECTION 8.06. Reinstatement. If the Trustee
or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with Section 8.01, 8.02 or 8.03, as the case may be, 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 shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.01, 8.02 or
8.03, as the case may be, until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S. Government Obligations in accordance with Section 8.01, 8.02 or 8.03, as the case may be; provided that, if the Company
has made any payment of principal of, premium, if any, or interest on any 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 Paying Agent. 
 ARTICLE NINE 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 
 SECTION 9.01. Without Consent of Holders. The Company, when authorized by a resolution of its Board of Directors (as evidenced by a Board Resolution delivered to the Trustee), the Subsidiary
Guarantors (in their capacity as Guarantors) and the Trustee, may amend or supplement this Indenture or the Notes without notice to or the consent of any Holder to: 

(1) cure any ambiguity, defect or inconsistency in this Indenture; 

(2) comply with Article Five; 
 (3) evidence and provide for the acceptance of appointment hereunder by a successor Trustee and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee; 
 (4) establish the form or
forms of Notes of any series or the coupons appertaining to such Notes; 

  
 - 52 -

 (5) provide for uncertificated Notes in addition to or in place of the
certificated Notes and make all appropriate changes for such purpose; 
 (6) allow any Subsidiary Guarantor to
execute a supplemental indenture and a Note Guarantee with respect to the Notes or to release a Guarantee or security interest under the Notes or a Note Guarantee in accordance with the terms of this Indenture; 

(7) make any change that would provide any additional rights or benefits to the Holders; 

(8) comply with the rules of any applicable securities depository; 

(9) provide for the issuance of Additional Notes; 

(10) secure the Notes; 
 (11) make any change that does not adversely affect the rights of Holders; or 
 (12) conform the text of this Indenture or the Notes to any provision of the “Description of Notes” in the Company’s Offering Memorandum dated September 21, 2012 related to the Notes;

 SECTION 9.02. With Consent of Holders. Subject to Sections 6.04 and 6.07 and without prior notice to the Holders, the
Company, when authorized by its Board of Directors (as evidenced by a Board Resolution delivered to the Trustee), the Subsidiary Guarantors (in their capacity as Guarantors) and the Trustee may amend this Indenture and the Notes with the consent of
the Holders of a majority in aggregate principal amount of the Notes then outstanding, and the Holders of a majority in aggregate principal amount of the Notes then outstanding by written notice to the Trustee may waive compliance by the Company
with any provision of this Indenture or the Notes. 
 Notwithstanding the provisions of this Section 9.02, without the
consent of each Holder affected, an amendment or waiver may not: 
 (i) change the Stated Maturity of the
principal of, or any installment of interest on, any Note; 
 (ii) reduce the principal amount of, or premium, if
any, or interest on, (including any amount in respect of original issue discount), any Note; 
 (iii) change the
optional redemption dates or optional redemption prices of the Notes from that stated in Section 3.01; 

(iv) change the place or currency of payment of principal of, or premium, if any, or installment of interest on, any Note;

  
 - 53 -

 (v) impair the right to institute suit for the enforcement of any payment on
or after the Stated Maturity (or, in the case of redemption, on or after the Redemption Date) of any Note; 

(vi) waive a Default in the payment of principal of, premium, if any, or interest on the Notes; 

(vii) release any Subsidiary Guarantor from its Note Guarantee, except as provided in this Indenture; 

(viii) amend, change or modify the obligation of the Company to make and consummate an Offer to Purchase under
Section 4.05 after a Change of Control has occurred, including, in each case, amending, changing or modifying any definition relating thereto after a Change of Control has occurred; or 

(ix) reduce the percentage or aggregate principal amount of outstanding Notes the consent of whose Holders is necessary
for any supplemental indenture or for waiver of compliance with certain provisions of this Indenture or for waiver of certain Defaults and their consequences provided for in this Indenture. 

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, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an
amendment, supplement or waiver under this Section 9.02 becomes effective, the Company shall mail to the Holders affected thereby a notice briefly describing the amendment, supplement or waiver. The Company will mail supplemental indentures to
Holders upon request. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver. 

SECTION 9.03. Revocation and Effect of Consent. Until an amendment or waiver becomes effective, a consent to it by a Holder is a
continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the Note of the consenting Holder, even if notation of the consent is not made on any Note. However, any such Holder or
subsequent Holder may revoke the consent as to its Note or portion of its Note. Such revocation shall be effective only if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes effective. An
amendment, supplement or waiver shall become effective on receipt by the Trustee of written consents from the Holders of the requisite percentage in principal amount of the outstanding Notes. 

The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any
amendment, supplement or waiver. If a record date is fixed, then, notwithstanding the last two sentences of 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 consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or not such persons continue to be Holders after such record date. No such consent shall be valid or effective for more
than 90 days after such record date. 

  
 - 54 -

 After an amendment, supplement or waiver becomes effective, it shall bind every Holder
unless it is of the type described in the second paragraph of Section 9.02. In case of an amendment or waiver of the type described in the second paragraph of Section 9.02, the amendment or waiver shall bind each Holder who has consented
to it and every subsequent Holder of a Note that evidences the same indebtedness as the Note of the consenting Holder. 

SECTION 9.04. Notation on or Exchange of Notes. If an amendment, supplement or waiver changes the terms of a Note, the Trustee may
require the Holder to deliver such Note to the Trustee. At the Company’s expense, the Trustee may place an appropriate notation on the Note about the changed terms and return it to the Holder and the Trustee may place an appropriate notation on
any Note thereafter authenticated. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Note shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the
appropriate notation, or issue a new Note, shall not affect the validity and effect of such amendment, supplement or waiver. 

SECTION 9.05. Trustee to Sign Amendments, Etc. The Trustee shall be entitled to receive, and shall be fully protected in relying
upon, an Opinion of Counsel stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article Nine is authorized or permitted by this Indenture and that it will be valid and binding upon the Company. Subject to
the preceding sentence, the Trustee shall sign such amendment, supplement or waiver if the same does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Trustee may, but shall not be obligated to, execute any such
amendment, supplement or waiver that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 ARTICLE TEN 
 GUARANTEE OF NOTES 

SECTION 10.01. Note Guarantee. Subject to the provisions of this Article Ten, each Subsidiary Guarantor hereby, jointly and
severally, fully and unconditionally Guarantees to each Holder of Notes hereunder and to the Trustee on behalf of the Holders: (i) the due and punctual payment of the principal of, premium, if any, on and interest on each Note, when and as the
same shall become due and payable, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal of and interest, if any, on the Notes, to the extent lawful, and the due and punctual performance
of all other obligations of the Company to the Holders or the Trustee, all in accordance with the terms of such Note and this Indenture and (ii) in the case of any extension of time of payment or renewal of any Notes or any of such other
obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, at Stated Maturity, by acceleration or otherwise; provided that any such Note Guarantee shall be limited
hereunder to the same extent such Subsidiary Guarantor’s Guarantee of Indebtedness under the Credit Agreement is limited and subject, in the case of clauses (i) and (ii) above, to the limitations set forth in the next
succeeding paragraph. 

  
 - 55 -

 Each Subsidiary Guarantor and by its acceptance hereof each Holder hereby confirms that it
is the intention of all such parties that the Guarantee by any Subsidiary Guarantor pursuant to its Note Guarantee not constitute a fraudulent transfer or conveyance for purposes of the United States Bankruptcy Code, the Uniform Fraudulent
Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and each Subsidiary Guarantor hereby irrevocably agree that the obligations of each Subsidiary Guarantor
under its Note Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of each Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf
of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Note Guarantee or pursuant to the following paragraph, result in the obligations of such Subsidiary Guarantor under its Note Guarantee not
constituting such fraudulent transfer or conveyance. 
 In order to provide for just and equitable contribution among the
Subsidiary Guarantors, the Subsidiary Guarantors agree, inter se, that in the event any payment or distribution is made by any Subsidiary Guarantor (a “Funding Guarantor”) under its Note Guarantee, such Funding Guarantor
shall be entitled to a contribution from all other Subsidiary Guarantors in a pro rata amount based on the Adjusted Net Assets of each Subsidiary Guarantor (including the Funding Guarantor) for all payments, damages and expenses incurred by
that Funding Guarantor in discharging the Company’s obligations with respect to the Notes or any other Subsidiary Guarantor’s obligations with respect to its Note Guarantee. “Adjusted Net Assets” of such Subsidiary
Guarantor at any date shall mean the lesser of the amount by which (x) the fair value of the property of such Subsidiary Guarantor exceeds the total amount of liabilities, including, without limitation, contingent liabilities (after giving
effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Note Guarantee, of such Guarantor at such date and (y) the present fair salable value of the assets of such Subsidiary
Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Subsidiary Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date and after
giving effect to any collection from any Subsidiary of such Subsidiary Guarantor in respect of the obligations of such Subsidiary under the Note Guarantee of such Subsidiary Guarantor), excluding debt in respect of its Note Guarantee of such
Subsidiary Guarantor), excluding debt in respect of its Note Guarantee, as they become absolute and matured. 
 Each Subsidiary
Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, the benefit of discussion, protest or
notice with respect to any such Note or the debt evidenced thereby and all demands whatsoever (except as specified above), and covenants that this Note Guarantee will not be discharged as to any such Note except by payment in full of the principal
thereof and interest thereon and as provided in Sections 8.01, 8.02 and 8.03. In the event of any declaration of acceleration of such obligations as provided in Article Six, such obligations (whether or not due and payable) shall forthwith become
due and payable by each Subsidiary Guarantor for the purposes of this Article 

  
 - 56 -

 
Ten. In addition, without limiting the foregoing provisions, upon the effectiveness of an acceleration under Article Six, the Trustee shall promptly make a demand for payment on the Notes under
the Note Guarantee provided for in this Article Ten. 
 The obligations of each Subsidiary Guarantor under its Note Guarantee
are independent of the obligations Guaranteed by the Subsidiary Guarantor hereunder, and a separate action or actions may be brought and prosecuted by the Trustee on behalf of, or by, the Holders, subject to the terms and conditions set forth in
this Indenture, against any Subsidiary Guarantor to enforce this Note Guarantee, irrespective of whether any action is brought against the Company or whether the Company is joined in any such action or actions. 

If the Trustee or the Holder is required by any court or otherwise to return to the Company or any Subsidiary Guarantor, or any
custodian, receiver, liquidator, trustee, sequestrator or other similar official acting in relation to Company or any Subsidiary Guarantor, any amount paid to the Trustee or such Holder in respect of a Note, this Note Guarantee, to the extent
theretofore discharged, shall be reinstated in full force and effect. Each Subsidiary Guarantor further agrees, to the fullest extent that it may lawfully do so, that, as between it, on the one hand, and the Holders and the Trustee, on the other
hand, the maturity of the obligations Guaranteed hereby may be accelerated as provided in Article Six hereof for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition extant under any applicable bankruptcy
law preventing such acceleration in respect of the obligations Guaranteed hereby. 
 Except as provided above, each Subsidiary
Guarantor hereby irrevocably waives any claim or other rights which it may now or hereafter acquire against the Company or any other Subsidiary Guarantor that arise from the existence, payment, performance or enforcement of its obligations under
this Note Guarantee and this Indenture, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution, indemnification, any right to participate in any claim or remedy of the Holders against the Company or any
Subsidiary Guarantor or any collateral which any such Holder or the Trustee on behalf of such Holder hereafter acquires, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, including, without
limitation, the right to take or receive from the Company or a Subsidiary Guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim or other rights. If any amount
shall be paid to a Subsidiary Guarantor in violation of the preceding sentence and the principal of, premium, if any, and accrued interest on the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such
Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders, and shall forthwith be paid to the Trustee for the benefit of the Holders to be credited and applied upon the principal of, premium, if any, and accrued
interest on the Notes. Each Subsidiary Guarantor acknowledges that it will receive direct and indirect benefits from the issuance of the Notes pursuant to this Indenture and that the waivers set forth in this Section 10.01 are knowingly made in
contemplation of such benefits. 
 The Note Guarantee set forth in this Section 10.01 shall not be valid or become
obligatory for any purpose with respect to a Note until the certificate of authentication on such Note shall have been signed by or on behalf of the Trustee. 

  
 - 57 -

 SECTION 10.02. Obligations Unconditional. Except in the circumstances described in
the proviso in the first paragraph of Article 10.01, nothing contained in this Article Ten or elsewhere in this Indenture or in the Notes is intended to or shall impair, as among any Subsidiary Guarantor and the holders of the Notes, the obligation
of such Subsidiary Guarantor, which is absolute and unconditional, upon failure by the Company to pay to the holders of the Notes the principal of, premium, if any, and interest on the Notes as and when the same shall become due and payable in
accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of such Subsidiary Guarantor, nor shall anything herein or therein prevent any Holder or the Trustee on their behalf from exercising all
remedies otherwise permitted by applicable law upon default under this Indenture. 
 Without limiting the foregoing, nothing
contained in this Article Ten will restrict the right of the Trustee or the Holders to take any action to declare the Note Guarantee to be due and payable prior to the Stated Maturity of any Notes pursuant to Section 6.02 or to pursue any
rights or remedies hereunder. 
 SECTION 10.03. Release of Note Guarantees. The Note Guarantee issued by any Subsidiary
Guarantor will be automatically and unconditionally released and discharged upon: 
 (i) any sale, exchange or
transfer to any Person (other than a Subsidiary of the Company) of any of the Capital Stock of such Subsidiary Guarantor; 
 (ii) in the event all or substantially all the assets or Capital Stock of a Subsidiary Guarantor are sold or otherwise transferred, by way of merger, consolidation or otherwise, to a Person in compliance
with the terms of this Indenture; 
 (iii) the release or discharge of the Guarantee by such Subsidiary Guarantor
(other than York) of Indebtedness of the Company under the Credit Agreement and, in the case of York, at such time as York ceases to be a co-issuer under the Company’s 3.125% Convertible Notes due 2013 and is released and discharged under the
Credit Agreement; 
 (iv) if the Notes are rated Investment Grade by both Rating Agencies and no Default or Event
of Default shall have occurred and then be continuing; 
 (v) in the event of liquidation or dissolution of such
Subsidiary Guarantor; or 
 (vi) if the Notes are defeased or discharged in accordance with the terms of this
Indenture. 
 SECTION 10.04. Notice to Trustee. Each Subsidiary Guarantor shall give prompt written notice to the Trustee
of any fact known to such Subsidiary Guarantor which would prohibit the making of any payment to or by the Trustee in respect of the Note Guarantee pursuant to the provisions of this Article Ten. 

  
 - 58 -

 SECTION 10.05. This Article Not to Prevent Events of Default. The failure to make a
payment on account of principal of, premium, if any, or interest on the Notes by reason of any provision of this Article Ten will not be construed as preventing the occurrence of an Event of Default. 

ARTICLE ELEVEN 

MISCELLANEOUS 

SECTION 11.01. Notices. Any notice, request or communication shall be sufficiently given if in writing and delivered in person,
mailed by first-class mail or sent by telecopier transmission addressed as follows: 
 if to the Company: 

Sotheby’s 
 Attn: General Counsel 
 1334 York Avenue 

New York, New York 10021 
 Telecopier No.: (212) 606-7574 
 Attention: Worldwide General
Counsel 
 Copy to: 
 Weil, Gotshal & Manges LLP 
 767 Fifth Avenue 

New York, NY 10153 
 Telecopier No.: (212)-310-8007 
 Attention: Todd R. Chandler, Esq.

 if to the Trustee: 
 U.S. Bank National Association 
 Corporate Trust Services

 60 Livingston Avenue 
 St. Paul, MN 55107-1419 
 Attention: Raymond Haverstock

         Vice President and Account Manager 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or
communications. 

  
 - 59 -

 Any notice or communication shall be delivered electronically in the case of Holders of
Global Notes or otherwise mailed to a Holder at its address as it appears on the Security Register by first-class mail and shall be deemed sufficiently given to the Holder if so electronically delivered or mailed within the time prescribed. Copies
of any such communication or notice to a Holder shall also be delivered electronically or mailed to the Trustee and each Agent at the same time. 
 Failure to electronically deliver or mail a notice or communication to a Holder as provided herein or any defect in any such notice or communication shall not affect its sufficiency with respect to other
Holders. Except for a notice to the Trustee, which is deemed given only when received, and except as otherwise provided in this Indenture, if a notice or communication is mailed in the manner provided in this Section 11.01, it is duly given,
whether or not the addressee receives it. 
 Where this Indenture provides for notice in any manner, such notice may be waived
in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a
condition precedent to the validity of any action taken in reliance upon such waiver. 
 In case by reason of the suspension of
regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose
hereunder. 
 Holders may communicate pursuant to TIA Section 312(b) with other Holders with respect to their rights under
this Indenture or the Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 
 SECTION 11.02. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish
to the Trustee: 
 (i) an Officer’s Certificate 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 

(ii) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied
with. 
 SECTION 11.03. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture shall include: 
 (i) a statement that
each person signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

  
 - 60 -

 (ii) a brief statement as to the nature and scope of the examination or
investigation upon which the statement or opinion contained in such certificate or opinion is based; 
 (iii) a
statement that, in the opinion of each such person, the person has made such examination or investigation as is necessary to enable the person to express an informed opinion as to whether or not such covenant or condition has been complied with; and

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

SECTION 11.04. Rules by Trustee, Paying Agent or Registrar. The Trustee may make reasonable rules for action by or at a meeting of
Holders. The Paying Agent or Registrar may make reasonable rules for its functions. 
 SECTION 11.05. Payment Date Other Than
a Business Day. If an Interest Payment Date, Redemption Date, Payment Date or Stated Maturity of any Note shall not be a Business Day, then payment of principal of, premium, if any, or interest on such Note, as the case may be, need not be made
on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, Payment Date or Redemption Date, or at the Stated Maturity of such Note; provided that no interest shall
accrue for the period from and after such Interest Payment Date, Payment Date, Redemption Date or Stated Maturity, as the case may be. 
 SECTION 11.06. Governing Law. This Indenture and the Notes shall be governed by the laws of the State of New York. The Trustee, the Company and the Holders agree to submit to the jurisdiction of
the courts of the State of New York in any action or proceeding arising out of or relating to this Indenture or the Notes. 

SECTION 11.07. No Adverse Interpretation of Other Agreements. Any other indenture, loan or debt agreement of the Company may not
be used to interpret this Indenture. 
 SECTION 11.08. No Recourse Against Others. No recourse for the payment of the
principal of, premium, if any, or interest on any of the Notes, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company contained in this Indenture or in any
of the Notes, or because of the creation of any Indebtedness represented thereby, shall be had against any incorporator or against any past, present or future partner, stockholder, other 

  
 - 61 -

 
equityholder, officer, director, employee or controlling person, as such, of the Company or of any successor Person, either directly or through the Company or any successor Person, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a
consideration for, the execution of this Indenture and the issue of the Notes. 
 SECTION 11.09. Successors. All
agreements of the Company in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successor. 
 SECTION 11.10. Duplicate 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.

 SECTION 11.11. Separability. In case any provision in this Indenture or in the Notes 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. 
 SECTION 11.12. Table of Contents, Headings, Etc. The Table of Contents, Cross-Reference Table and headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms and provisions hereof. 
 SECTION 11.13. Force Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly
or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or
malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as
soon as practicable under the circumstances. 

  
 - 62 -

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

 

			
	SOTHEBY’S, the Issuer
		
	By:	 	 /s/ William S. Sheridan

	Name:	 	William S. Sheridan
	Title:	 	Executive Vice President and Chief Financial Officer
	
	 OBERON, INC.

SIBS, LLC
 SOTHEBY PARKE BERNET INC.
 SOTHEBYS.COM AUCTIONS,
INC.
 SOTHEBY’S ASIA, LLC

SOTHEBY’S FINANCIAL SERVICES CALIFORNIA, INC.

SOTHEBY’S FINANCIAL SERVICES, INC.

SOTHEBY’S FINE ART HOLDINGS, INC.

SOTHEBY’S HOLDINGS INTERNATIONAL, INC.

SOTHEBY’S NEVADA, INC.

SOTHEBY’S THAILAND, INC.

SOTHEBY’S VENTURES, LLC

SPTC, INC.
 THETA, INC.
 YORK AVENUE DEVELOPMENT, INC.

YORK HOLDINGS INTERNATIONAL, INC.

  

			
	By:	 	 /s/ William S. Sheridan

	Name:	 	William S. Sheridan
	Title:	 	Vice President

  

			
	SOTHEBYS.COM LLC
		
	By:	 	 /s/ William S. Sheridan

	Name:	 	William S. Sheridan
	Title:	 	Senior Vice President

 
			
	SOTHEBY’S, INC.
		
	By:	 	 /s/ William S. Sheridan

	Name:	 	William S. Sheridan
	Title:	 	Executive Vice President and Chief Financial Officer

  

			
	SOTHEBY’S RES, INC.
		
	By:	 	 /s/ William S. Sheridan

	Name:	 	William S. Sheridan
	Title:	 	Vice President and Treasurer

  

			
	72ND AND YORK, INC.
		
	By:	 	 /s/ Michael L. Gillis

	Name:	 	Michael L. Gillis
	Title:	 	Vice President and Treasurer

 
					
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Raymond S. Haverstock

		 	Name:	 	Raymond S. Haverstock
		 	Title:	 	Vice President

 EXHIBIT A 
 [APPLICABLE LEGENDS] 
 [FACE OF NOTE] 

SOTHEBY’S 

5.25% Senior Note due 2022 
 [CUSIP No.][ISIN][            ] 
  

			
	No.	  	$            

 SOTHEBY’S, a Delaware corporation (the “Company,” which term includes any successor
under the Indenture hereinafter referred to), for value received, promises to pay to                     , or its registered assigns, the principal
sum of         Dollars ($        ) on October 1, 2022. 
 Interest Payment Dates: April 1 and October 1, commencing April 1, 2013 
 Regular Record Dates: March 15 and September 15. 
 The Initial Subsidiary Guarantors and
any future Subsidiary Guarantors (collectively, the “Subsidiary Guarantors,” which term includes any successors under the Indenture hereinafter referred to and any Subsidiary Guarantor that provides a Note Guarantee pursuant to the
Indenture), have fully and unconditionally guaranteed the payment of principal of, premium, if any, and interest on the Notes. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. Capitalized terms used herein have the meanings assigned to them in the within-mentioned Indenture unless otherwise indicated. 

  
 A-1

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by its duly authorized officers. 
  

			
	SOTHEBY’S
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 (Trustee’s Certificate of Authentication) 
 This is one of the 5.25% Senior Notes due 2022 described in the within-mentioned Indenture. 
  

							
	Date:	 		 	 U.S. BANK NATIONAL ASSOCIATION
 as Trustee

				
		 		 	By:	 	  

		 		 		 	Authorized Signer

  
 A-2

 [REVERSE SIDE OF NOTE] 

SOTHEBY’S 

5.25% Senior Note due 2022 
  

	1.	Principal and Interest. 

The Company will pay the principal of this Note on October 1, 2022. 

The Company promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at a rate of
5.25% per annum. 
 Interest will be payable semiannually in cash in arrears (to the holders of record of the Notes at the
close of business on the March 15 or September 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing April 1, 2013. 
 Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Closing Date; provided that, if there is no existing default
in the payment of interest and this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on
the basis of a 360-day year of twelve 30-day months. 
 The Company shall pay interest on overdue principal and premium, if any,
and interest on overdue installments of interest, to the extent lawful, at the rate borne by this Note. 
  

	2.	Method of Payment. 

 The
Company will pay interest (except defaulted interest) on the principal amount of the Notes as provided above on each April 1 and October 1, commencing April 1, 2013, to the persons who are Holders (as reflected in the Security
Register at the close of business on the March 15 or September 15 immediately preceding the Interest Payment Date), in each case, even if the Note is cancelled on registration of transfer or registration of exchange after such record date;
provided that, with respect to the payment of principal, the Company will make payment to the Holder that surrenders this Note to a Paying Agent on or after October 1, 2022. 

This Note is a “book-entry” note and is being registered in the name of Cede & Co. as nominee of The Depositary Trust
Company (“DTC”), a clearing agency. As long as this Note is registered in the name of DTC or its nominee, the Trustee will make payments of principal, premium, if any, and interest on this Note by wire transfer of immediately
available funds to DTC or its nominee. With respect to any Note that is not registered in the name of DTC or its nominee, the Company may pay principal, premium, if any, and interest by its check payable in such money of the United States that at
the time of payment is legal tender for payment of public and private debts. It may mail an interest check to a Holder’s registered address (as reflected in the Security Register). If a payment date is a date other than a Business Day at a
place of payment, payment may be made at that place on the next succeeding day that is a Business Day and no interest shall accrue for the intervening period. 

  
 A-3

 The Notes may be exchanged or transferred at the office or agency of the Company. Initially,
the paying agent office of the Trustee will serve as such office. 
  

	3.	Paying Agent and Registrar. 

 Initially, the Trustee will act as authenticating agent, Paying Agent and Registrar. The Company may change any authenticating agent, Paying Agent or Registrar without notice. The Company, any Subsidiary
or any Affiliate of any of them may act as Paying Agent, Registrar or co-Registrar. 
  

	4.	Indenture; Limitations. 

The Company issued the Notes under an Indenture dated as of September 27, 2012 (the “Indenture”), among the Company,
the Initial Subsidiary Guarantors and U.S. Bank National Association, as trustee (the “Trustee”). 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. The Notes are subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms of
this Note and the terms of the Indenture, the terms of the Indenture shall control. 
 The Notes are general unsecured
unsubordinated obligations of the Company. 
 The Company may, subject to and applicable law, issue additional Notes under the
Indenture. 
 The Indenture does not limit the amount of Notes that may be issued. 

 

	5.	Optional Redemption. 

 The
Notes will not be redeemable at any time prior to maturity except as set forth below. 
 At any time prior to October 1,
2017, the Notes may be redeemed in whole or in part, at the option of the Company, at a Redemption Price equal to 100% of the principal amount thereof plus the Applicable Premium as of the Redemption Date, plus accrued and unpaid interest, if any,
to 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). Such redemption may be made upon notice delivered electronically or mailed by first-class
mail to each Holder’s registered address, not less than 30 nor more than 60 days prior to the Redemption Date. 
 On or
after October 1, 2017, the Notes may be redeemed in whole or in part, at the option of the Company at the redemption price (expressed as a percentage of principal amount) set forth below, plus accrued and unpaid interest to, but not including,
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), if redeemed during the twelve-month period commencing on October 1 of the
years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2017
	  	 	102.652	% 
	 2018
	  	 	101.750	% 
	 2019
	  	 	100.875	% 
	 2020 and thereafter
	  	 	100.000	% 

  
 A-4

 In addition, at any time prior to October 1, 2015, the Company may redeem up to 35% of
the aggregate principal amount of the Notes (including any Additional Notes) with the Net Cash Proceeds of one or more sales of common stock of the Company, at a Redemption Price (expressed as a percentage of principal amount) of 105.25%, plus
accrued and unpaid interest thereon, if any, to the Redemption Date; provided that (i) at least 60% of the aggregate principal amount of Notes originally issued on the Closing Date remains outstanding after each such redemption and
(ii) notice of any such redemption is mailed within 60 days after each such sale of common stock. 
 Notes in original
denominations larger than $2,000 may be redeemed in part. On and after the Redemption Date, interest ceases to accrue on Notes or portions of Notes called for redemption, unless the Company defaults in the payment of the Redemption Price.

  

	6.	Repurchase upon Change of Control. 

 Upon the occurrence of any Change of Control, each Holder shall have the right to require the repurchase of its Notes by the Company in cash pursuant to the offer described in the Indenture at a purchase
price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (the “Payment Date”). 
 A notice of such Change of Control will be mailed within 30 days after any Change of Control occurs to each Holder at its last address as it appears in the Security Register. Notes in original
denominations larger than $2,000 may be sold to the Company in part. On and after the Payment Date, interest ceases to accrue on Notes or portions of Notes surrendered for purchase by the Company, unless the Company defaults in the payment of the
purchase price. 
  

	7.	Denominations; Transfer; Exchange. 

 The Notes are in registered form without coupons in denominations of $2,000 of principal amount and multiples of $1,000 in excess thereof. A Holder may register the transfer or exchange of Notes in
accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not
register the transfer or exchange of any Notes selected for redemption. Also, it need not register the transfer or exchange of any Notes for a period of 15 days before the day of mailing of a notice of redemption of Notes selected for redemption.

  

	8.	Persons Deemed Owners. 

 A
Holder shall be treated as the owner of a Note for all purposes. 

  
 A-5

	9.	Unclaimed Money. 

 Subject
to any applicable escheat and abandoned property laws, if money for the payment of principal, premium, if any, or interest remains unclaimed for two years, the Trustee and the Paying Agent will pay the money back to the Company at its request. After
that, Holders entitled to the money must look to the Company for payment, unless an abandoned property law designates another Person, and all liability of the Trustee and such Paying Agent with respect to such money shall cease. 

 

	10.	Discharge Prior to Redemption or Maturity. 

 Subject to certain conditions and as set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the
Trustee money or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be. 
  

	11.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding, and any
existing default or compliance with any provision may be waived with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding. Without notice to or the consent of any Holder, the parties thereto may amend
or supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or inconsistency and make any change that does not materially and adversely affect the rights of any Holder. 

 

	12.	Restrictive Covenants. 

The Indenture imposes certain limitations on the ability of the Company and its Subsidiaries, among other things, incur Indebtedness
secured by Liens, enter into sale-leaseback transactions, or merge, consolidate or transfer substantially all of its assets. Within 90 days after the end of the last fiscal quarter of each year, the Company shall deliver to the Trustee an
Officer’s Certificate stating whether or not the signers thereof know of any Default or Event of Default under such restrictive covenants. The first certificate shall be delivered within 90 days of the end of the last fiscal quarter of 2012.

  

	13.	Successor Persons. 

 When
a successor person or other entity assumes all the obligations of its predecessor under the Notes and the Indenture, the predecessor person will be released from those obligations. 

  
 A-6

	14.	Defaults and Remedies. 

Any of the following events constitutes an “Event of Default” under the Indenture: 

(1) default in the payment in respect of the principal of (or premium, if any, on) any Note at its maturity (whether at
Stated Maturity or upon repurchase, acceleration, optional redemption or otherwise); 
 (2) default in the
payment of any interest upon any Note when it becomes due and payable, and continuance of such default for a period of 30 days; 
 (3) except as permitted by this Indenture, any Note Guarantee of any Subsidiary Guarantor, shall for any reason cease to be, or it shall be asserted by any Subsidiary Guarantor or the Company not to be,
in full force and effect and enforceable in accordance with its terms for a period of 45 days; 
 (4) default in
the performance, or breach, of any covenant or agreement of the Company or any Significant Subsidiary Guarantor in the Indenture (other than a covenant or agreement a default in whose performance or whose breach is specifically dealt with in clauses
(1), (2), or (3) above), and continuance of such default or breach for a period of 30 days after written notice thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate
principal amount of the outstanding Notes; 
 (5) a default or defaults under any bonds, debentures, notes or
other evidences of Indebtedness (other than the Notes) by the Company or any Significant Subsidiary having, individually or in the aggregate, a principal or similar amount outstanding of at least $75.0 million, whether such Indebtedness now exists
or shall hereafter be created, which default or defaults shall have resulted in the acceleration of the maturity of such Indebtedness prior to its express maturity or shall constitute a failure to pay at least $75.0 million of such Indebtedness when
due and payable after the expiration of any applicable grace period with respect thereto; 
 (6) the entry
against the Company or any Significant Subsidiary of a final judgment or final judgments for the payment of money in an aggregate amount in excess of $75.0 million, by a court or courts of competent jurisdiction, which judgments remain undischarged,
unwaived, unstayed, unbonded or unsatisfied for a period of 60 consecutive days; or 
 (7) (i) the Company, any
Subsidiary that is a Significant Subsidiary or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law: 

(a) commences a voluntary case, 
 (b) consents to the entry of an order for relief against it in an involuntary case, 
 (c) consents to the appointment of a Custodian of it or for all or substantially all of its property, 
 (d) makes a general assignment for the benefit of its creditors, or 

  
 A-7

 (e) generally is not paying its debts as they become due; 

(ii) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(a) is for relief against the Company or any Subsidiary that is a Significant Subsidiary or any group of Subsidiaries
that, taken together, would constitute a Significant Subsidiary, in an involuntary case; 
 (b) appoints a
Custodian of the Company or any Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any
of its Subsidiaries; or 
 (c) orders the liquidation of the Company or any Subsidiary that is a Significant
Subsidiary or any group of Subsidiaries that, taken together, would constitute a Significant Subsidiary and the order or decree remains unstayed and in effect for 60 consecutive days. 

If an Event of Default (other than an Event of Default specified in clause (7) above with respect to the Company) occurs and is
continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the principal of the Notes and any accrued interest on the Notes to be due and payable
immediately by a notice in writing to the Company (and to the Trustee if given by Holders); provided, however, that after such acceleration, but before a judgment or decree based on acceleration, the Holders of a majority in aggregate
principal amount of the outstanding Notes may, under certain circumstances, rescind and annul such acceleration if all Events of Default, other than the nonpayment of accelerated principal of, premium, if any, or interest on the Notes, have been
cured or waived as provided in this Indenture. 
 In the event of a declaration of acceleration of the Notes solely because an
Event of Default described in clause (5) above has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically rescinded and annulled if the event of default or payment default triggering such Event of
Default pursuant to clause (5) shall be remedied or cured by the Company or a Subsidiary of the Company or waived by the holders of the relevant Indebtedness if the rescission and annulment of the acceleration of the Notes would not conflict
with any judgment or decree of a court of competent jurisdiction obtained by the Trustee for the payment of amounts due on the Notes. 
 If an Event of Default specified in clause (7) above occurs with respect to the Company, the principal of, premium, if any, and any accrued interest on the Notes then outstanding shall ipso facto
become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. Prior to an acceleration described above, the Holders of a majority in principal amount of the outstanding notes, by notice to the
Trustee, may waive, on behalf of the Holders of all notes any past default or Event of Default, except as set forth under Sections 6.04 and 9.02 of the Indenture. The Trustee may withhold from Holders notice of any Default (except Default in payment
of principal of, premium, if any, and interest) if the Trustee determines that withholding notice is in the interest of the Holders to do so. 

  
 A-8

	15.	Guarantee. 

 The
Company’s obligations under the Notes are fully and unconditionally guaranteed, jointly and severally, by the Subsidiary Guarantors. 
  

	16.	Trustee Dealings with the Company. 

 The Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company, the Subsidiary Guarantors or their Affiliates and
may otherwise deal with the Company, the Subsidiary Guarantors or their Affiliates as if it were not the Trustee. 
  

	17.	No Recourse Against Others. 

 No incorporator or any past, present or future partner, stockholder, other equityholder, officer, director, employee or controlling person, as such, of the Company or of any successor Person shall have
any liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability.
The waiver and release are part of the consideration for the issuance of the Notes. 
  

	18.	Authentication. 

 This
Note shall not be valid until the Trustee or authenticating agent signs the certificate of authentication on the other side of this Note. 
  

	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 right of survivorship and not as tenants in common), CUST
(= Custodian) and U/G/M/A (= Uniform Gifts 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. 
 The Company will
furnish a copy of the Indenture to any Holder upon written request and without charge. Requests may be made to Sotheby’s, 1334 York Avenue, New York, New York 10021; Attention: Secretary. 

  
 A-9

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 

Insert Taxpayer Identification No. 
  

			
	  
	  	

 Please print or typewrite name and address including zip code of assignee 

 

			
	  
	  	

 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                     attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

[THE FOLLOWING PROVISION TO BE INCLUDED ON ALL NOTES OTHER THAN UNRESTRICTED OFFSHORE GLOBAL NOTES AND UNRESTRICTED OFFSHORE PHYSICAL
NOTES] 
 In connection with any transfer of this Note occurring prior to the date which is the end of the period referred to in
Rule 144 or any successor provision under the Securities Act, the undersigned confirms that without utilizing any general solicitation or general advertising that: 
 [Check One] 
  

	[    ] (a)	this Note is being transferred in compliance with the exemption from registration under the Securities Act of 1933 provided by Rule 144A thereunder.

 or 
  

	[    ] (b)	this Note is being transferred other than in accordance with (a) above and documents are being furnished which comply with the conditions of transfer set forth in
this Note and the Indenture. 

  
 A-10

 If none of the foregoing boxes is checked, the Trustee or other Registrar shall not be obligated to register
this Note in the name of any Person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section 2.08 of the Indenture shall have been satisfied. 

 

					
	Date:                    	  		  	  

		  		  	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any
change whatsoever.

 Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or
other signature guarantor acceptable to the Trustee. 
 TO BE COMPLETED BY PURCHASER IF (a) 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. 
  

					
	Dated:                    	  		  	  

		  		  	NOTICE: To be executed by an executive officer

  
 A-11

 OPTION OF HOLDER TO ELECT PURCHASE 

If you wish to have this Note purchased by the Company pursuant to Section 4.05 of the Indenture, check the Box: 

If you wish to have a portion of this Note purchased by the Company pursuant to Section 4.05 of the Indenture, state the principal
amount: $        . 
 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 acceptable to the Trustee. 

  
 A-12

 [include for Global Notes] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this Global Note have been made: 
  

									
	 Date
	  	Amount of decreases in
principal amount	  	Amount of increases in
principal amount	  	Principal amount
of this Global Note
following
such
decrease or increase	  	Signature of authorized
officer of Trustee or Notes
Custodian
		  		  		  		  	
		  		  		  		  	

  
 A-13

 EXHIBIT B 
 Form of Certificate to Be 
 Delivered in Connection with 

Transfers to Non-QIB Accredited Investors 
                     , 
 U.S. Bank National Association 
 Corporate Trust Services 

60 Livingston Avenue 
 St. Paul, MN 55107-1419

 Re: Sotheby’s (the “Company”) 
 5.25% Senior Notes due 2022 (the “Notes”) 
 Dear Sirs: 

In connection with our proposed purchase of $         aggregate principal amount of the Notes, we
confirm that: 
 1. We understand that any subsequent transfer of the Notes is subject to certain restrictions and conditions
set forth in the Indenture dated as of September 26, 2012 (the “Indenture”) relating to the Notes and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes except in compliance with,
such restrictions and conditions and the Securities Act of 1933, as amended (the “Securities Act”). 
 2. We
understand that the offer and sale of the Notes have not been registered under the Securities Act, and that the Notes may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts
for which we are acting as hereinafter stated, that if we should sell any Notes within the time period referred to in Rule 144 or any successor provision of the Securities Act, we will do so only (A) to the Company or any subsidiary thereof,
(B) in accordance with Rule 144A under the Securities Act to a “qualified institutional buyer” (as defined therein), (C) to an institutional “accredited investor” (as defined below) that, prior to such transfer,
furnishes (or has furnished on its behalf by a U.S. broker-dealer) to you and to the Company a signed letter substantially in the form of this letter and, if such transfer is in respect of an aggregate principal amount of less than $100,000, an
opinion of counsel acceptable to the Company that such transfer is in compliance with the Securities Act, (D) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act, (E) pursuant to the exemption
from registration provided by Rule 144 under the Securities Act (if available) or (F) pursuant to an effective registration statement under the Securities Act, and we further agree to provide to any person purchasing any of the Notes from us a
notice advising such purchaser that resales of the Notes are restricted as stated herein. 

  
 B-1

 3. We understand that, on any proposed resale of any Notes, we will be required to furnish
to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further understand that the Notes purchased
by us will bear a legend to the foregoing effect. 
 4. We are an institutional “accredited investor” (as defined in
Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and 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
and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 
 5. We are
acquiring the Notes purchased by us for our own account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 

You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	Very truly yours,
	
	[Name of Transferee]
		
	By:	 	  

		 	Authorized Signature

  
 B-2

 EXHIBIT C 
 Form of 
 Transferee Letter of Representation 

U.S. Bank National Association 
 Corporate Trust
Services 
 60 Livingston Avenue 
 St.
Paul, MN 55107-1419 
 Ladies and Gentlemen: 
 This certificate is delivered to request a transfer of US$[        ] principal amount of the 5.25% Senior Notes due 2012 (the “Notes”) of
Sotheby’s (the “Issuer”). 
 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 US$250,000 principal amount of the Notes (or, if less than
US$250,000, we are furnishing herewith an Opinion of Counsel that such purchase is in compliance with the Securities Act), 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 six months after the later of the date of original issue and the last date on which the Company was or any
affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only (i) to the Company, (ii) in the United States to a person whom the seller reasonably
believes is a “qualified institutional buyer” in a transaction meeting the requirements 

  
 C-1

 
of Rule 144A, (iii) outside the United States in a transaction complying with the provisions of Rule 904 under the Securities Act, (iv) pursuant to an exemption from registration under
the Securities Act provided by Rule 144 (if available) or (v) pursuant to an effective registration statement under the Securities Act, in each of cases (i) through (v) subject to any requirement of law that the disposition of our
property or the property of such investor account or accounts be at all times within our or their control and in compliance with any applicable state securities laws. 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 (iii) or
(iv) above to require the delivery of an opinion of counsel, certifications or other information satisfactory to the Company and the Trustee. 
  

			
	 TRANSFEREE:
	 	                    ,

  

			
	 By:
	 	  

  
 C-2

 EXHIBIT D 
 Form of Certificate to Be Delivered in 
 Connection with Transfers Pursuant to
Regulation S 

                    , 

U.S. Bank National Association 
 Corporate Trust
Services 
 60 Livingston Avenue 
 St.
Paul, MN 55107-1419 
 Re: Sotheby’s (the “Company”) 

5.25% Senior Notes due 2022 (the “Notes”) 
 Dear Sirs: 
 In connection with our proposed sale of U.S.$
         aggregate principal amount of the Notes, we confirm that such sale has been effected pursuant to and in accordance with Regulation S under the Securities Act of 1933 and, accordingly, we represent
that: 
 (1) the offer of the Notes was not made to a person in the United States; 

(2) at the time the buy order was originated, the transferee was outside the United States or we and any person acting on
our behalf reasonably believed that the transferee was outside the United States; 
 (3) no directed selling
efforts have been made by us in the United States in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S, as applicable; and 
 (4) the transaction is not part of a plan or scheme to evade the registration requirements of the U.S. Securities Act of 1933. 
 You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or
official inquiry with respect to the matters covered hereby. Terms used in this certificate have the meanings set forth in Regulation S. 
  

			
	Very truly yours,
	
	[Name of Transferor]
		
	By:	 	  

		 	Authorized Signature

  
 D-1

 EXHIBIT E 
 Form of 
 Certificate of Exchange 

U.S. Bank National Association 
 Corporate Trust
Services 
 60 Livingston Avenue 
 St.
Paul, MN 55107-1419 
 Ladies and Gentlemen: 
 This certificate is delivered to request a transfer of US$[        ] principal amount of the 5.25% Senior Notes due 2022 (the “Notes”) of
Sotheby’s (the “Issuer”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture, dated as of September 27, 2012, among the Issuer, the Subsidiary Guarantors and the Trustee.

                     (the
“Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of US$         in such Note[s] or interests (the
“Exchange”). In connection with the Exchange, the Owner hereby certifies that: 
 EXCHANGE OF RESTRICTED
PHYSICAL NOTES OR BENEFICIAL INTERESTS IN A RESTRICTED GLOBAL NOTE FOR UNRESTRICTED PHYSICAL NOTES OR BENEFICIAL INTERESTS IN AN UNRESTRICTED GLOBAL NOTE OF THE SAME SERIES OR EXCHANGE OF OFFSHORE PHYSICAL NOTES OR BENEFICIAL INTERESTS IN AN
OFFSHORE GLOBAL NOTE FOR UNRESTRICTED PHYSICAL NOTES OR BENEFICIAL INTERESTS IN AN UNRESTRICTED GLOBAL NOTE OF THE SAME SERIES 

(a) [    ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE OR OFFSHORE GLOBAL NOTE TO
BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE OF THE SAME SERIES. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note or an Offshore Global Note for a beneficial interest in an Unrestricted Global
Note of the same series in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the
transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the United States Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky
securities laws of any state of the United States. 
 (b) [    ] CHECK IF EXCHANGE IS FROM BENEFICIAL
INTEREST IN A RESTRICTED GLOBAL NOTE OR AN OFFSHORE GLOBAL NOTE TO 

  
 E-1

 
UNRESTRICTED PHYSICAL NOTE OF THE SAME SERIES. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note or an Offshore Global Note for an Unrestricted
Physical Note of the same series, the Owner hereby certifies (i) the Physical Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions
applicable to the Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the
Securities Act and (iv) the Physical Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (c) [    ] CHECK IF EXCHANGE IS FROM RESTRICTED PHYSICAL NOTE OR AN OFFSHORE PHYSICAL NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE OF THE SAME SERIES. In connection with
the Owner’s Exchange of a Restricted Physical Note or an Offshore Physical Note for a beneficial interest in an Unrestricted Global Note of the same series, the Owner hereby certifies (i) the beneficial interest is being acquired for the
Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Physical Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky
securities laws of any state of the United States. 
 (d) [    ] CHECK IF EXCHANGE IS FROM RESTRICTED
PHYSICAL NOTE OR OFFSHORE PHYSICAL NOTE TO UNRESTRICTED PHYSICAL NOTE OF THE SAME SERIES. In connection with the Owner’s Exchange of a Restricted Physical Note or an Offshore Physical Note for an Unrestricted Physical Note of the same series,
the Owner hereby certifies (i) the Unrestricted Physical Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Physical
Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and
(iv) the Unrestricted Physical Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or
official inquiry with respect to the matters covered hereby. 
  

			
	Very truly yours,
	
	[Name of Transferee]
		
	By:	 	  

		 	Authorized Signature

  
 E-2EX-4.1

  

 
 Exhibit 4.1 

Lender Processing Services, Inc. 
 as Issuer the 
 Guarantors party hereto 

and 

U.S. Bank National Association 
 as Trustee 
  

 
 Form of
Senior Notes Indenture 
 Dated as of [            ],
20[            ] 
  

 

[            ]% 

Senior Notes 

Due 20[            ] 

 
  

 

 CROSS-REFERENCE TABLE 

 

			
	 TIA Sections
	  	 Indenture Sections

	 § 310 (a)
	  	7.10
	           (b)
	  	7.08
	 § 311
	  	7.03
	 § 312
	  	11.02
	 § 313
	  	7.06
	 § 314 (a)
	  	4, 4.02
	           (c)
	  	11.04
	           (e)
	  	11.05
	 § 315 (a)
	  	7.01, 7.02
	           (b)
	  	7.02, 7.05
	           (c)
	  	7.01
	           (d)
	  	7.02
	           (e)
	  	6.12, 7.02
	 § 316 (a)
	  	2.05, 6.02, 6.04, 6.05
	           (b)
	  	6.06, 6.07
	           (c)
	  	11.02
	 § 317 (a) (1)
	  	6.08
	           (a) (2)
	  	6.09
	           (b)
	  	2.03
	 § 318
	  	11.01

  
 2 

 RECITALS 
  

					
	ARTICLE 1	  
	DEFINITIONS AND INCORPORATION BY REFERENCE	  
		
	 Section 1.01. Definitions
	  	 	2	  
	 Section 1.02. Rules of Construction
	  	 	33	  
		
	ARTICLE 2	  			
	THE NOTES	  			
		
	 Section 2.01. Form, Dating and Denominations; Legends
	  	 	33	  
	 Section 2.02. Execution and Authentication; Additional Notes
	  	 	33	  
	 Section 2.03. Registrar, Paying Agent and Authenticating Agent; Paying Agent to Hold Money in Trust
	  	 	34	  
	 Section 2.04. Replacement Notes
	  	 	35	  
	 Section 2.05. Outstanding Notes
	  	 	35	  
	 Section 2.06. Temporary Notes
	  	 	36	  
	 Section 2.07. Cancellation
	  	 	36	  
	 Section 2.08. CUSIP and ISIN Numbers
	  	 	37	  
	 Section 2.09. Registration, Transfer and Exchange
	  	 	37	  
	 Section 2.10. Restrictions on Transfer and Exchange
	  	 	40	  
	
	ARTICLE 3	  
	REDEMPTION; OFFER TO PURCHASE	  
		
	 Section 3.01. Optional Redemption
	  	 	40	  
	 Section 3.02. Redemption with Proceeds of Equity Offering
	  	 	41	  
	 Section 3.03. Method and Effect of Redemption
	  	 	41	  
	 Section 3.04. Offer to Purchase
	  	 	42	  
	
	ARTICLE 4	  
	COVENANTS	  
		
	 Section 4.01. Payment Of Notes
	  	 	44	  
	 Section 4.02. Maintenance of Office or Agency
	  	 	45	  
	 Section 4.03. Existence
	  	 	46	  
	 Section 4.04. Payment of Taxes and other Claims
	  	 	46	  
	 Section 4.05. Maintenance of Properties
	  	 	46	  
	 Section 4.06. Limitation on Debt and Disqualified or Preferred Stock
	  	 	46	  
	 Section 4.07. Limitation on Restricted Payments
	  	 	51	  
	 Section 4.08. Limitation on Liens
	  	 	56	  
	 Section 4.09. Limitation on Sale and Leaseback Transactions
	  	 	56	  

  
 3 

					
	 Section 4.10. Limitation on Dividend and other Payment Restrictions Affecting Restricted Subsidiaries
	  	 	57	  
	 Section 4.11. Guaranties by Restricted Subsidiaries
	  	 	59	  
	 Section 4.12. Repurchase of Notes Upon a Change of Control
	  	 	59	  
	 Section 4.13. Limitation on Asset Sales
	  	 	60	  
	 Section 4.14. Limitation on Transactions with Shareholders and Affiliates
	  	 	62	  
	 Section 4.15. Designation of Restricted and Unrestricted Subsidiaries
	  	 	63	  
	 Section 4.16. Financial Reports
	  	 	65	  
	 Section 4.17. Reports to Trustee
	  	 	66	  
	 Section 4.18. Suspension of Certain Covenants when Notes Rated Investment Grade
	  	 	67	  
	
	ARTICLE 5	  
	CONSOLIDATION, MERGER OR SALE OF ASSETS	  
		
	 Section 5.01. Consolidation, Merger or Sale of Assets by the Company; No Lease of All or Substantially All
Assets
	  	 	68	  
	 Section 5.02. Consolidation, Merger or Sale of Assets by a Guarantor
	  	 	69	  
	
	ARTICLE 6	  
	DEFAULT AND REMEDIES	  
		
	 Section 6.01. Events of Default
	  	 	70	  
	 Section 6.02. Acceleration
	  	 	71	  
	 Section 6.03. Other Remedies
	  	 	72	  
	 Section 6.04. Waiver of Past Defaults
	  	 	72	  
	 Section 6.05. Control by Majority
	  	 	72	  
	 Section 6.06. Limitation on Suits
	  	 	72	  
	 Section 6.07. Rights of Holders to Receive Payment
	  	 	73	  
	 Section 6.08. Collection Suit by Trustee
	  	 	73	  
	 Section 6.09. Trustee May File Proofs of Claim
	  	 	73	  
	 Section 6.10. Priorities
	  	 	74	  
	 Section 6.11. Restoration of Rights and Remedies
	  	 	74	  
	 Section 6.12. Undertaking for Costs
	  	 	74	  
	 Section 6.13. Rights and Remedies Cumulative
	  	 	75	  
	 Section 6.14. Delay or Omission Not Waiver
	  	 	75	  
	 Section 6.15. Waiver of Stay, Extension or Usury Laws
	  	 	75	  
	
	ARTICLE 7	  
	THE TRUSTEE	  
		
	 Section 7.01. General
	  	 	75	  
	 Section 7.02. Certain Rights of Trustee
	  	 	76	  
	 Section 7.03. Individual Rights of Trustee
	  	 	77	  

  
 4 

					
	 Section 7.04. Trustee’s Disclaimer
	  	 	78	  
	 Section 7.05. Notice of Default
	  	 	78	  
	 Section 7.06. Reports by Trustee to Holders
	  	 	78	  
	 Section 7.07. Compensation And Indemnity
	  	 	78	  
	 Section 7.08. Replacement of Trustee
	  	 	79	  
	 Section 7.09. Successor Trustee by Merger
	  	 	80	  
	 Section 7.10. Eligibility
	  	 	81	  
	 Section 7.11. Money Held in Trust
	  	 	81	  
	
	ARTICLE 8	  
	DEFEASANCE AND DISCHARGE	  
		
	 Section 8.01. Discharge of Company’s Obligations
	  	 	81	  
	 Section 8.02. Legal Defeasance
	  	 	82	  
	 Section 8.03. Covenant Defeasance
	  	 	83	  
	 Section 8.04. Application of Trust Money
	  	 	84	  
	 Section 8.05. Repayment to Company
	  	 	84	  
	 Section 8.06. Reinstatement
	  	 	88	  
	
	ARTICLE 9	  
	AMENDMENTS, SUPPLEMENTS AND WAIVERS	  
		
	 Section 9.01. Amendments Without Consent of Holders
	  	 	84	  
	 Section 9.02. Amendments With Consent of Holders
	  	 	85	  
	 Section 9.03. Effect of Consent
	  	 	86	  
	 Section 9.04. Trustee’s Rights and Obligations
	  	 	87	  
	 Section 9.05. Conformity With Trust Indenture Act
	  	 	87	  
	 Section 9.06. Payments for Consents
	  	 	87	  
	
	ARTICLE 10	  
	GUARANTIES	  
		
	 Section 10.01. The Guaranties
	  	 	87	  
	 Section 10.02. Guaranty Unconditional
	  	 	87	  
	 Section 10.03. Discharge; Reinstatement
	  	 	88	  
	 Section 10.04. Waiver by the Guarantors
	  	 	88	  
	 Section 10.05. Subrogation and Contribution
	  	 	89	  
	 Section 10.06. Stay of Acceleration
	  	 	89	  
	 Section 10.07. Limitation on Amount of Guaranty
	  	 	89	  
	 Section 10.08. Execution and Delivery of Guaranty
	  	 	89	  
	 Section 10.09. Release of Guaranty
	  	 	89	  

  
 5 

					
	ARTICLE 11	  
	MISCELLANEOUS	  
		
	 Section 11.01. Trust Indenture Act of 1939
	  	 	90	  
	 Section 11.02. Noteholder Communications; Noteholder Actions
	  	 	90	  
	 Section 11.03. Notices
	  	 	91	  
	 Section 11.04. Certificate and Opinion as to Conditions Precedent
	  	 	92	  
	 Section 11.05. Statements Required in Certificate or Opinion
	  	 	92	  
	 Section 11.06. Payment Date Other Than a Business Day
	  	 	93	  
	 Section 11.07. Governing Law
	  	 	93	  
	 Section 11.08. No Adverse Interpretation of Other Agreements
	  	 	93	  
	 Section 11.09. Successors
	  	 	93	  
	 Section 11.10. Duplicate Originals
	  	 	93	  
	 Section 11.11. Separability
	  	 	93	  
	 Section 11.12. Table of Contents and Headings
	  	 	93	  
	 Section 11.13. No Liability of Directors, Officers, Employees, Incorporators, Members and
Stockholders
	  	 	94	  

  
 6 

			
	 EXHIBITS
	  	
	 EXHIBIT A
	  	Form of Note
	 EXHIBIT B
	  	Form of Supplemental Indenture
	 EXHIBIT C
	  	DTC Legend

  
 7 

 INDENTURE, dated as of
[            ], 20[            ], between Lender Processing Services, Inc., a Delaware corporation, as the Company, the
Guarantors party hereto and U.S. Bank National Association, a national banking association duly organized and existing under the laws of the United States of America and having a corporate trust office in Atlanta, Georgia, as Trustee. 

RECITALS 

The Company has duly authorized the execution and delivery of the Indenture to provide for the issuance of up to
$[            ] aggregate principal amount of the Company’s [            ]% Senior Notes Due
20[            ], and, if and when issued, any Additional Notes issued therefor as provided herein (the “Notes”). All things necessary to make the Indenture a valid
agreement of the Company, in accordance with its terms, have been done, and the Company has done all things necessary to make the Notes (in the case of the Additional Notes, when duly authorized), when executed by the Company and authenticated and
delivered by the Trustee and duly issued by the Company, the valid obligations of the Company as hereinafter provided. 
 In
addition, the Guarantors party hereto have duly authorized the execution and delivery of the Indenture as guarantors of the Notes. All things necessary to make the Indenture a valid agreement of each Guarantor, in accordance with its terms, have
been done, and each Guarantor has done all things necessary to make the Note Guarantees, when the Notes are executed by the Company and authenticated and delivered by the Trustee and duly issued by the Company, the valid obligations of such
Guarantor as hereinafter provided. 
 This Indenture is subject to, and will be governed by, the provisions of the Trust
Indenture Act that are required to be a part of and govern indentures qualified under the Trust Indenture Act. 
 THIS
INDENTURE WITNESSETH 
 For and in consideration of the premises and the purchase of the Notes by the Holders thereof, the
parties hereto covenant and agree, for the equal and proportionate benefit of all Holders, as follows: 

 ARTICLE 1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 Section 1.01. Definitions.  
 “Acquired Debt” means
Debt of a Person (x) existing at the time the Person merges with or into or becomes a Restricted Subsidiary or (y) assumed in connection with the acquisition of assets from such Person, in each case not Incurred in connection with, or in
contemplation of, the Person merging with or into or becoming a Restricted Subsidiary or such acquisition of assets. 

“Additional Notes” means any Notes issued under the Indenture in addition to the Original Notes having the same terms in
all respects as the Original Notes except that interest will accrue on the Additional Notes from their date of issuance. 

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

“Agent Member” means a member of, or a participant in, the Depositary. 

“Applicable Premium” means, with respect to any Notes on any Redemption Date, the greater of: 

(1) 1.0% of the principal amount of such Notes, and 

(2) the excess, if any, of (a) the present value at such Redemption Date of (i) the redemption price of such
Notes at [            ], 20[ ] (such redemption price being set forth in the table appearing above under “Optional Redemption”), plus (ii) all required remaining
scheduled interest payments due on such Notes through [            ], 20[            ], computed using a discount rate equal to
the Treasury Rate as of such Redemption Date plus 50 basis points; over (b) the principal amount of such Notes. 

“Asset Sale” means any sale, lease, transfer or other disposition of any assets by the Company or any Restricted
Subsidiary, including by means of a merger, consolidation or similar transaction and including any sale or issuance of the Equity Interests (other than directors’ qualifying shares or to the extent required by applicable law) of any Restricted
Subsidiary (each of the above referred to as a “disposition”), provided that the following are not included in the definition of “Asset Sale”: 

  
 2 

 (1) a disposition to the Company or a Restricted Subsidiary, including the
sale or issuance by the Company or any Restricted Subsidiary of any Equity Interests of any Restricted Subsidiary to the Company or any Restricted Subsidiary; 
 (2) the disposition by the Company or any Restricted Subsidiary in the ordinary course of business of (i) cash and cash management investments, including without limitation investments held pursuant
to Cash Management Practices, (ii) inventory and other assets acquired and held for resale in the ordinary course of business, (iii) damaged, surplus, worn out or obsolete assets, or (iv) rights granted to others pursuant to leases or
licenses; 
 (3) the sale or discount of accounts receivable arising in the ordinary course of business in
connection with the compromise or collection thereof or the conversion or exchange of accounts receivable for notes receivable; 
 (4) a transaction covered the provisions under Section 5.01 or any disposition constituting a Change of Control; 

(5) a Restricted Payment permitted under Section 4.07 or a Permitted Investment; 

(6) a Sale and Leaseback Transaction, provided that at least 75% of the consideration paid to the Company or the
Restricted Subsidiary for such Sale and Leaseback Transaction consists of cash received at closing, 
 (7) the
issuance of Disqualified or Preferred Stock pursuant to Section 4.06; 
 (8) leases, subleases, licenses or
sublicenses of property in the ordinary course of business and which do not materially interfere with the business of the Company or any Restricted Subsidiary; 
 (9) dispositions in the ordinary course of business consisting of the abandonment of intellectual property which, in the reasonable good faith determination of the Company, are not material to the conduct
of the business of the Company or any Restricted Subsidiary; 
 (10) dispositions of real property and related
assets in the ordinary course of business in connection with relocation activities for directors, officers, members of management, employees or consultants of the Company or any Restricted Subsidiary; 

  
 3 

 (11) dispositions of tangible property in the ordinary course of business as
part of a like-kind exchange under Section 1031 of the Code; 
 (12) the creation of Permitted Liens and
dispositions in connection with Permitted Liens; 
 (13) the issuance of Preferred Stock by a Guarantor that is
permitted by the Indenture; 
 (14) the unwinding of obligations under Hedging Agreements; 

(15) any “fee in lieu” or other disposition of assets to any governmental authority or agency that continue in
use by the Company or any Restricted Subsidiary, so long as the Company or any Restricted Subsidiary may obtain title to such assets upon reasonable notice by paying a nominal fee; 

(16) any disposition arising from foreclosure, condemnation or similar action with respect to any property or other
assets, or exercise of termination rights under any lease, license, concession or other agreement; 
 (17) any
disposition of securities of an Unrestricted Subsidiaries and any disposition of a Permitted Investment (other than Equity Interests of any Restricted Subsidiary) made by the Company or any Restricted Subsidiary after the Issue Date, if such
Permitted Investment was (a) received in exchange for, or purchased out of the Net Cash Proceeds of the substantially concurrent sale (other than to a Subsidiary of the Company) of, Qualified Equity Interests of the Company or (b) received
in the form of, or was purchased from the proceeds of, a substantially concurrent contribution of common equity capital to the Company; provided that any such proceeds or contributions in clauses (a) or (b) shall be excluded from
paragraph (3) of Section 4.07(a); 
 (18) any dispositions of Securitization Assets (or a fractional
undivided interest therein) in a Securitization Financing permitted under the Indenture; or 
 (19) any
disposition in a transaction or series of related transactions of assets with a Fair Market Value of less than $25.0 million. 

“Attributable Debt” means, in respect of a Sale and Leaseback Transaction the present value, discounted at the interest
rate implicit in the Sale and Leaseback Transaction, of the total obligations of the lessee for rental payments during the remaining term of the lease in the Sale and Leaseback Transaction. 

  
 4 

 “Authenticating Agent” refers to a Person engaged to authenticate the Notes
in the stead of the Trustee. 
 “Average Life” means, as of the date of determination, with respect to any Debt
or Preferred Stock, the quotient obtained by dividing (i) the sum of the products of (x) the number of years (calculated to the nearest one-twelfth) from the date of determination to the dates of each successive scheduled principal payment
of such Debt or redemption or similar payment with respect to such Preferred Stock and (y) the respective amounts of such payments by (ii) the sum of all such payments. 

“bankruptcy default” has the meaning assigned to such term in Section 6.01. 

“Board of Directors” means the board of directors or comparable governing body of the Company, or any committee thereof
duly authorized to act on its behalf. 
 “Board Resolution” means a resolution duly adopted by the Board of
Directors which is certified by the Secretary or an Assistant Secretary of the Company and remains in full force and effect as of the date of its certification. 
 “Business Day” means each day which is not a Saturday, a Sunday or a day on which commercial banking institutions are not required to be open in the State of New York or place of payment.

 “Capital Lease” means, with respect to any Person, any lease of any property which, in conformity with GAAP,
is required to be capitalized on the balance sheet of such Person. 
 “Capital Stock” means 

(1) in the case of a corporation, corporate stock; 
 (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 interests (whether general or limited) or membership
interests; 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. 
 “Cash Equivalents” means 

  
 5 

 (1) United States dollars, or money in other currencies received in the
ordinary course of business, 
 (2) U.S. Government Obligations or certificates representing an ownership
interest in U.S. Government Obligations with maturities not exceeding one year from the date of acquisition, 

(3) securities issued by any state of the United States or any political subdivision of any such state or any public
instrumentality thereof having maturities of not more than 12 months from the date of acquisition thereof and, at the time of acquisition, having a rating of at least “A-2” or “P-2” (or long-term ratings of at least
“A3” or “A-”) from either S&P or Moody’s, or, with respect to municipal bonds, a rating of at least MIG 2 or VMIG 2 from Moody’s (or the equivalent thereof), 

(4) (i) demand deposits, (ii) time deposits and certificates of deposit with maturities of one year or less from the
date of acquisition, (iii) domestic and eurodollar certificates of bankers’ acceptances with maturities not exceeding one year from the date of acquisition, and (iv) overnight bank deposits, in each case with any bank or trust company
organized or licensed under the laws of the United States or any state thereof having capital, surplus and undivided profits in excess of $500.0 million whose short-term debt is rated “A-2” or higher by S&P or “P-2” or higher
by Moody’s, 
 (5) repurchase obligations with a term of not more than thirty days for underlying
securities of the type described in clauses (2) and (3) above entered into with any financial institution meeting the qualifications specified in clause (3) above, 

(6) commercial paper maturing not more than 12 months after the date of creation thereof and, at the time of acquisition,
having a rating of at least A-1 or P-1 from either S&P or Moody’s and commercial paper maturing not more than 90 days after the creation thereof and, at the time of acquisition, having a rating of at least A-2 or P-2 from either S&P or
Moody’s, 
 (7) money market funds at least 95% of the assets of which consist of investments of the type
described in clauses (1) through (6) above, 
 (8) fixed maturity securities which are rated BBB- and
above by S&P or Baa3 and above by Moody’s; provided that the aggregate amount of Investments by any Person in fixed maturity securities which are rated BBB+, BBB or BBB- by S&P or Baa1, Baa2 or Baa3 by Moody’s shall not exceed 10%
of the aggregate amount of Investments in fixed maturity securities by such Person, and 

  
 6 

 (9) in case of a Foreign Restricted Subsidiary, substantially similar
investments, of comparable credit quality, denominated in the currency of any jurisdiction in which such Person conducts business. 
 “Cash Management Practices” means the cash, Cash Equivalent and short-term investment management practices of the Company and its Restricted Subsidiaries as approved by the Board of
Directors or chief financial officer of the Company from time to time, including any Debt of the Company and its Restricted Subsidiaries having a maturity of 92 days or less representing borrowings from any financial institution with which the
Company and its Restricted Subsidiaries have a depository or other investment relationship in connection with such practices (or any Affiliate of such financial institution), which borrowings may be secured by the cash, Cash Equivalents and other
short-term investments purchased by the relevant Person with the proceeds of such borrowings. 
 “Certificated
Note” means a Note in registered individual form without interest coupons. 
 “Change of Control”
means: 
 (1) the merger or consolidation of the Company with or into another Person or the merger of another
Person with or into the Company or the merger of any Person with or into a Subsidiary of the Company if Capital Stock of the Company is issued in connection therewith, or the sale of all or substantially all the assets of the Company to another
Person, unless holders of a majority of the aggregate voting power of the Voting Stock of the Company, immediately prior to such transaction, hold securities of the surviving or transferee Person that represent, immediately after such transaction,
at least a majority of the aggregate voting power of the Voting Stock of the surviving Person; 
 (2) any
“person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as such term is used in Rules 13d-3 under the Exchange Act), directly or
indirectly, of more than 50% of the total voting power of the Voting Stock of the Company; 
 (3) during any
period of twelve consecutive months, individuals who on the Issue Date constituted the Board of Directors, together with any new directors whose election by the Board of Directors or whose nomination for election by the stockholders of the Company
was approved by a majority of the directors then still in office who were either directors or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board of Directors then in
office; or 

  
 7 

 (4) the adoption of a plan relating to the liquidation or dissolution of
the Company. 
 “Change of Control Offer” has the meaning assigned to such term in Section 4.12.

 “Code” means the Internal Revenue Code of 1986. 

“Common Stock” means Capital Stock not entitled to any preference on dividends or distributions, upon liquidation or
otherwise. 
 “Company” means the party named as such in the first paragraph of the Indenture or any successor
obligor under the Indenture and the Notes pursuant to Section 5.01. 
 “Consolidated Net Income” means, as
of any date for the applicable period ending on such date with respect to any Person and its Restricted Subsidiaries on a consolidated basis, net income (excluding, without duplication, (i) extraordinary items and (ii) any amounts
attributable to Investments in any Joint Venture to the extent that (A) such amounts were not earned by such Joint Venture during the applicable period, (B) there exists any legal or contractual encumbrance or restriction on the ability of
such Joint Venture to pay dividends or make any other distributions in cash on the Equity Interests of such Joint Venture held by such Person and its Subsidiaries, but only to the extent so encumbered or restricted or (C) such Person does not
have the right to receive or the ability to cause to be distributed its pro rata share of all earnings of such Joint Venture) as determined in accordance with GAAP; provided that Consolidated Net Income for any such period shall not include:

 (1) the net income (but not loss) of any non-Guarantor Restricted Subsidiary to the extent that the
declaration or payment of dividends or similar distributions by such non-Guarantor Restricted Subsidiary of such net income would not have been permitted for the relevant period by charter or by any agreement; instrument; judgment, decree, order,
statue, rule or governmental regulation applicable to such non-Guarantor Restricted Subsidiary; 
 (2) the
cumulative effect of a change in accounting principles during such period; 

  
 8 

 (3) any net after-tax income or loss (less all fees and expenses or charges
relating thereto) attributable to the early extinguishment of Debt; 
 (4) any non-cash charges resulting from
mark-to-market accounting relating to Equity Interests; and 
 (5) any non-cash impairment charges resulting from
the application of Statement of Financial Accounting Standards No. 142 – Goodwill and Other Intangibles and No. 144 – Accounting for the Impairment or Disposal of Long-Lived Assets and the amortization of intangibles including
arising pursuant to Statement of Financial Accounting Standards No. 141 – Business Combinations. 
 “Corporate
Trust Office” means the office of the Trustee at which the corporate trust business of the Trustee is principally administered, which at the date of the Indenture is located at 1349 W. Peachtree Street, Suite 1050, Atlanta, GA 30309 and,
for purposes of Section 4.02, shall mean U.S. Bank, 100 Wall Street, New York, New York 10005 Attention Corporate Trust Services. 
 “Credit Agreement” means the amended and restated credit agreement dated August 18, 2011 (as amended, amended and restated, supplemented or otherwise modified from time to time)
among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, together with any related documents (including any security documents and guarantee agreements), any Notes and
letters of credit issued pursuant thereto and any guarantee and collateral agreements, mortgages or letter of credit applications and other guarantees, pledge agreements, security agreements and collateral documents, in each case as the same may be
amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time (whether in whole or in part, whether with the original banks, lenders
or institutions or other banks, lenders or institutions or otherwise, and whether provided under one or more other credit agreements, indentures (including the Indenture governing the Notes), financing agreements or otherwise). Without limiting the
generality of the foregoing, the term “Credit Agreement” shall include any agreement (i) changing the maturity of any Debt Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries as additional borrowers or
guarantors thereunder, (iii) increasing the amount of Debt Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof. 

“Credit Facilities” means one or more of (i) the Credit Agreement, and (ii) any other facilities or
arrangements designated by the Company, in each case with one or more banks or other lenders or institutions providing for one or more revolving credit loans, term loans, any Securitization Financing, receivables

  
 9 

 
financings (including without limitation through the sale of receivables to such institutions or to special purpose entities formed to borrow from such institutions against such receivables or
the creation of any Liens in respect of such receivables in favor of such institutions), letters of credit or other Debt, in each case, including all agreements, instruments and documents executed and delivered pursuant to or in connection with any
of the foregoing, including but not limited to any Notes and letters of credit issued pursuant thereto and any guarantee and collateral agreement, mortgages or letter of credit applications and other guarantees, pledge agreements, security
agreements and collateral documents, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time
(whether in whole or in part, whether with the original banks, lenders or institutions or other banks, lenders or institutions or otherwise, and whether provided under any original Credit Facility or one or more other credit agreements, indentures
(including the Indenture governing the Notes), financing agreements or other Credit Facilities or otherwise). Without limiting the generality of the foregoing, the term “Credit Facility” shall include any agreement (i) changing the
maturity of any Debt Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries as additional borrowers or guarantors thereunder, (iii) increasing the amount of Debt Incurred thereunder or available to be borrowed thereunder or
(iv) otherwise altering the terms and conditions thereof. 
 “Debt” means, with respect to any Person at
any date of determination, without duplication, 
 (1) all indebtedness of such Person for borrowed money;

 (2) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments;

 (3) all obligations of such Person in respect of letters of credit, bankers’ acceptances or other
similar instruments , excluding obligations in respect of trade letters of credit or bankers’ acceptances issued in respect of trade payables to the extent not drawn upon or presented, or, if drawn upon or presented, the resulting obligation of
the Person is paid within 20 Business Days; 
 (4) all obligations of such Person to pay the deferred and unpaid
purchase price of property or services which are recorded as liabilities under GAAP, excluding trade payables arising in the ordinary course of business; 
 (5) all obligations of such Person as lessee under Capital Leases; 

  
 10 

 (6) indebtedness or similar financing obligations of such Person under any
Securitization Financing; 
 (7) the principal component of all Debt of other Persons Guaranteed by such Person
to the extent so Guaranteed by such Person; 
 (8) all Debt of other Persons secured by a Lien on any asset of
such Person, whether or not such Debt is assumed by such Person; and 
 (9) all obligations of such Person under
Hedging Agreements. 
 The amount of Debt of any Person will be deemed to be: 

(A) with respect to contingent obligations, the maximum liability upon the occurrence of the contingency giving rise to
the obligation; 
 (B) with respect to Debt secured by a Lien on an asset of such Person but not otherwise the
obligation, contingent or otherwise, of such Person, the lesser of (x) the fair market value of such asset on the date the Lien attached and (y) the amount of such Debt; 

(C) with respect to any Debt issued with original issue discount, the face amount of such Debt less the remaining
unamortized portion of the original issue discount of such Debt; 
 (D) with respect to any Hedging Agreement,
the net amount payable if such Hedging Agreement terminated at that time due to default by such Person; and 

(E) otherwise, the outstanding principal amount thereof together with any interest thereon that is more than 30 days past
due. 
 The accrual of interest, accrual of dividends, the accretion of accreted value, the payment of interest in the form of additional Debt,
and the payment of dividends in the form of additional shares of Preferred Stock or Disqualified Stock will not be deemed to be an Incurrence of Debt for purposes of Section 4.06. 

“Default” means any event that is, or after notice or passage of time or both would be, an Event of Default. 

“Depositary” means the depositary of each Global Note, which will initially be DTC. 

“Designated Non-cash Consideration” means the Fair Market Value of non-cash consideration received by the Company or any
of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the 

  
 11 

 
basis of such valuation, less the amount of Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration. 

“Disqualified Equity Interests” means Equity Interests that by their terms or upon the happening of any event are

 (1) required to be redeemed or redeemable at the option of the holder prior to the Stated Maturity of the
Notes for consideration other than Qualified Equity Interests, or 
 (2) convertible at the option of the holder
into Disqualified Equity Interests or exchangeable for Debt (excluding Capital Stock which is convertible or exchangeable solely at the option of the Company or a Restricted Subsidiary); 
 provided that Equity Interests will not constitute Disqualified Equity Interests solely because of provisions giving holders thereof the right to require repurchase or redemption upon an
“asset sale” or “change of control” occurring prior to the Stated Maturity of the Notes if those provisions 
 (A) are no more favorable to the holders than Section 4.12 and Section 4.13, and 
 (B) specifically state that repurchase or redemption pursuant thereto will not be required prior to the Company’s repurchase of the Notes as required by the Indenture. 

“Disqualified Stock” means Capital Stock constituting Disqualified Equity Interests. 

“DTC” means The Depository Trust Company, a New York corporation, and its successors. 

“DTC Legend” means the legend set forth in Exhibit C. 

“Domestic Restricted Subsidiary” means any Restricted Subsidiary formed under the laws of the United States of America
or any jurisdiction thereof. 
 “EBITDA” means, for any period, the sum of: 

(1) Consolidated Net Income, plus 

(2) Fixed Charges, to the extent deducted in calculating Consolidated Net Income, including letter of credit fees, plus

  
 12 

 (3) to the extent deducted in calculating Consolidated Net Income and as
determined on a consolidated basis for the Company and its Restricted Subsidiaries in conformity with GAAP: 

(A) income, franchise and similar taxes, other than income taxes or income tax adjustments (whether positive or negative)
attributable to Asset Sales, extinguishment of Debt or extraordinary gains or losses; and 
 (B) depreciation,
amortization (including amortization of financing costs, intangibles, goodwill and organization costs) and all other non-cash items reducing Consolidated Net Income (not including non-cash charges in a period which reflect cash expenses paid or to
be paid in another period), less all non-cash items increasing Consolidated Net Income; 
 provided that, with respect to
any Restricted Subsidiary, the items set forth in (A) and (B) above will be added only to the extent and in the same proportion that the relevant Restricted Subsidiary’s net income was included in calculating Consolidated Net Income,
plus 
 (4) net after-tax losses attributable to any sale, lease, transfer or other disposition of assets
outside the ordinary course of business, to the extent reducing Consolidated Net Income, plus 
 (5)
non-recurring charges so long as such charges do not exceed $20.0 million during any fiscal year, plus 
 (6) to
the extent covered by insurance, expenses with respect to liability or casualty events or business interruption, plus 
 (7) to the extent actually reimbursed, expenses Incurred to the extent covered by indemnification provisions in any agreement in connection with an Investment, plus 

(8) cash expenses Incurred in connection with the Spin-Off or any Investment permitted under Section 4.07, the
issuance and sale of Qualified Equity Interests or the issuance or refinancing of Debt (in each case, whether or not consummated), minus 
 (9) an amount which, in the determination of Consolidated Net Income, has been included for (i) (A) non-cash gains (other than with respect to cash actually received) and (B) all
extraordinary gains, and (ii) any gains realized upon an any sale, lease, transfer or other disposition of assets or property outside of the ordinary course of business, plus/minus 

(10) unrealized losses/gains in respect of Swap Contracts. 

  
 13 

 “Equity Interests” means all Capital Stock and all warrants, profits,
interests, equity appreciation rights or options with respect to, or other rights to purchase, Capital Stock, but excluding Debt convertible into equity. 
 “Equity Offering” means (i) an underwritten primary public offering, after the Issue Date, of Qualified Stock of the Company pursuant to an effective registration statement under the
Securities Act other than an issuance registered on Form S-4 or S-8 or any successor thereto or any issuance pursuant to employee benefit plans or otherwise in compensation to officers, directors or employees or (ii) a sale of Capital Stock of
any Person proceeds of which are contributed to the equity capital of the Company or any of Restricted Subsidiary. 

“Event of Default” has the meaning assigned to such term in Section 6.01. 

“Excess Proceeds” has the meaning assigned to such term in Section 4.13. 

“Exchange Act” means the Securities Exchange Act of 1934. 

“Exchange Companies” means Investment Property Exchange Services, Inc. and any other Restricted Subsidiaries that are
engaged in like-kind-exchange operations. 
 “Fair Market Value” means, with respect to any asset or property,
the price which could be negotiated in an arm’s length, free market transaction, for cash, between a willing and able seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction (as
determined in good faith by the Company or, if specified herein, its Board of Directors, and in any such case, which determination shall be conclusive). 
 “Fixed Charge Coverage Ratio” means, on any date (the “transaction date”), the ratio of 

(x) the aggregate amount of EBITDA for the four fiscal quarters immediately prior to the transaction date for which
internal financial statements are available (the “reference period”) to 
 (y) the aggregate
Fixed Charges during such reference period. 
 In making the foregoing calculation the following adjustments shall be made:

 (1) Incurrence of Debt: If the Company or any Restricted Subsidiary has Incurred any Debt since the
beginning of the reference period that remains outstanding on the transaction date or if the transaction giving rise to the need to calculate the Fixed Charge Coverage Ratio is an Incurrence of Debt, EBITDA and Interest Expense for the reference
period 

  
 14 

 
will be calculated after giving effect on a pro forma basis to such Debt as if such Debt had been Incurred on the first day of the reference period (except that in making such computation, the
amount of Debt under any revolving credit facility outstanding on the date of such calculation will be deemed to be (i) the average daily balance of such Debt during such four fiscal quarters or such shorter period for which such facility was
outstanding or (ii) if such facility was created after the end of such four fiscal quarters, the average daily balance of such Debt during the period from the date of creation of such facility to the date of such calculation) and the discharge
of any other Debt repaid, repurchased, defeased or otherwise discharged with the proceeds of such new Debt as if such discharge had occurred on the first day of the reference period; or 

(2) Discharge of Debt. If the Company or any Restricted Subsidiary has repaid, repurchased, defeased or otherwise
discharged any Debt since the beginning of the period that is no longer outstanding on the transaction date or if the transaction giving rise to the need to calculate the Fixed Charge Coverage Ratio involves a discharge of Debt (in each case other
than Debt Incurred under any revolving credit facility unless such Debt has been permanently repaid and the related commitment terminated), EBITDA and Interest Expense for the reference period will be calculated after giving effect on a pro forma
basis to such repayment, repurchase, defeasance or other discharge of such Debt, including with the proceeds of such new Debt, as if such discharge had occurred on the first day of the reference period; 

(3) Sales. If since the beginning of the reference period the Company or any Restricted Subsidiary will have made
any Asset Sale or disposed of any company, division, operating unit, segment, business, group of related assets or line of business or if the transaction giving rise to the need to calculate the Fixed Charge Coverage Ratio is such an Asset Sale:

 (a) the EBITDA for the reference period will be reduced by an amount equal to the EBITDA (if positive)
directly attributable to the assets which are the subject of such disposition for the reference period or increased by an amount equal to the EBITDA (if negative) directly attributable thereto for the reference period; and 

(b) Interest Expense for the reference period will be reduced by an amount equal to the Interest Expense directly
attributable to any Debt of the Company or any Restricted Subsidiary repaid, repurchased, defeased or otherwise discharged (including, but not limited to, through the assumption of such Debt by another Person if the Company and its Restricted
Subsidiaries 

  
 15 

 
are no longer liable for such Debt after the assumption thereof) with respect to the Company and its continuing Restricted Subsidiaries in connection with such disposition for the reference
period (or, if the Capital Stock of any Restricted Subsidiary is sold, the Interest Expense for the reference period directly attributable to the Debt of such Restricted Subsidiary to the extent the Company and its continuing Restricted Subsidiaries
are no longer liable for such Debt after such sale); 
 (4) Purchases. If since the beginning of the
reference period the Company or any Restricted Subsidiary (by merger or otherwise) will have made an Investment in any Restricted Subsidiary (or any Person which becomes a Restricted Subsidiary or is merged with or into the Company) or an
acquisition of assets, including any acquisition of assets occurring in connection with a transaction causing a calculation to be made hereunder, which constitutes all or substantially all of a company, division, operating unit, segment, business,
group of related assets or line of business, EBITDA and Interest Expense for the reference period will be calculated after giving pro forma effect thereto (including the Incurrence of any Debt) as if such Investment or acquisition occurred on the
first day of the reference period; and 
 (5) Adjustments for Acquired Person. If since the beginning of
the reference 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 the reference period) will have Incurred any Debt or discharged any Debt,
made any Asset Sale or any Investment or acquisition of assets that would have required an adjustment pursuant to clause (3) or (4) above if made by the Company or a Restricted Subsidiary during the reference period, EBITDA and Interest
Expense for the reference period will be calculated after giving pro forma effect thereto as if such transaction occurred on the first day of the reference period. 

For purposes of this definition, whenever pro forma effect is to be given to any calculation under this definition, the
pro forma calculations will be determined in good faith by a responsible financial or accounting officer of the Company and shall include, with respect to any period in the case of sales, Investments or acquisitions referred to above, the net
reduction in costs that have been realized or are reasonably anticipated to be realized in good faith with respect to such sale, Investment or acquisition within twelve months of the date thereof and that are reasonable and factually supportable, as
if all such reductions in costs had been effected as of the beginning of such period, decreased by any incremental expenses incurred or to be incurred during such four-quarter period in order to achieve such reduction in costs, as set forth in an
Officer’s Certificate delivered to the Trustee that outlines the specific 

  
 16 

 
actions taken or to be taken and the net reduction in costs achieved or to be achieved from each such action and that certifies that such cost reductions meet the criteria set forth in this
sentence. If any Debt bears a floating rate of interest and is being given pro forma effect, the interest expense on such Debt will be calculated as if the rate in effect on the transaction date had been the applicable rate for the entire reference
period (taking into account any Hedging Agreement applicable to such Debt if such Interest Rate Agreement has a remaining term in excess of 12 months). If any Debt that is being given pro forma effect bears an interest rate at the option of the
Company or any Restricted Subsidiary, the interest rate shall be calculated by applying such optional rate chosen by the Company or such Restricted Subsidiary. 
 “Fixed Charges” means, for any period, the sum (without duplication) of 
 (1) Interest Expense for such period; and 
 (2) the product of

 (x) cash and non-cash dividends paid, declared, accrued or accumulated on any Disqualified Stock or Preferred
Stock of the Company or a Restricted Subsidiary, except for dividends payable in the Company’s Qualified Stock or paid to the Company or to a Restricted Subsidiary, and 

(y) a fraction (expressed as a decimal), the numerator of which is one and the denominator of which is one minus the sum
of the currently effective combined Federal, state, local and foreign tax rate applicable to the Company and its Restricted Subsidiaries. 
 “Foreign Restricted Subsidiary” means any Restricted Subsidiary that is not a Domestic Restricted Subsidiary. 
 “GAAP” means generally accepted accounting principles in the United States of America as in effect as of the Issue Date. 

“Global Note” means a Note in registered global form without interest coupons. 

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Debt or
other obligation of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (i) to purchase or pay (or advance or supply funds for the purchase or
payment of) such Debt or other obligation of such other Person (whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities 

  
 17 

 
or services, to take-or-pay, or to maintain financial statement conditions or otherwise) or (ii) entered into for purposes of assuring in any other manner the obligee of such Debt or other
obligation of the payment thereof or to protect such obligee against loss in respect thereof, in whole or in part; provided that the term “Guarantee” does not include endorsements for collection or deposit in the ordinary course of
business or customary and reasonable indemnity obligations in effect on the Issue Date or entered into in connection with any acquisition of assets or any Asset Sale permitted by the Indenture. The term “Guarantee” used as a verb has a
corresponding meaning. 
 “Guarantor” means (i) each Domestic Restricted Subsidiary of the Company that
Guarantees Debt under the Credit Agreement on the Issue Date and (ii) each Domestic Restricted Subsidiary that executes a supplemental Indenture in the form of Exhibit B to the Indenture providing for the guaranty of the payment of the Notes,
or any successor obligor under its Note Guaranty pursuant to Section 5.02, in each case unless and until such Guarantor is released from its Note Guaranty pursuant to the Indenture. 

“Hedging Agreement” means (i) any interest rate swap agreement, interest rate cap agreement or other agreement
designed to protect against fluctuations in interest rates, (ii) any foreign exchange forward contract, currency swap agreement or other agreement designed to protect against fluctuations in foreign exchange rates, or (iii) any Swap
Contract. 
 “Holder” or “Noteholder” means the registered holder of any Note. 

“Incur” means, with respect to any Debt or Capital Stock, to incur, create, issue, assume or Guarantee such Debt or
Capital Stock. If any Person becomes a Restricted Subsidiary on any date after the date of the Indenture (including by redesignation of an Unrestricted Subsidiary or failure of an Unrestricted Subsidiary to meet the qualifications necessary to
remain an Unrestricted Subsidiary), the Debt and Capital Stock of such Person outstanding on such date will be deemed to have been Incurred by such Person on such date for purposes of Section 4.06, but will not be considered the sale or
issuance of Equity Interests for purposes of Section 4.13. 
 “Indenture” means this indenture, as amended
or supplemented from time to time. 
 “Independent Financial Advisor” means an accounting, appraisal,
investment banking firm or consultant to Persons of nationally recognized standing that is, in the good faith judgment of the Company, qualified to perform the task for which it has been engaged. 

“interest”, in respect of the Notes, unless the context otherwise requires, refers to interest. 

  
 18 

 “Interest Expense” means, for any period, the consolidated interest
expense of the Company and its Restricted Subsidiaries, plus, to the extent not included in such consolidated interest expense, and to the extent Incurred, accrued or payable by the Company or its Restricted Subsidiaries, without duplication,
(i) interest expense attributable to Sale and Leaseback Transactions, (ii) amortization or write-off of debt discount costs but excluding amortization of deferred financing charges, (iii) capitalized interest (but excluding interest
accruing with respect to tax liabilities (whether or not contingent)), (iv) non-cash interest expense, (v) commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing,
(vi) net costs associated with Hedging Agreements, and (vii) any of the above expenses with respect to Debt of another Person Guaranteed by the Company or any of its Restricted Subsidiaries, as determined on a consolidated basis and in
accordance with GAAP; provided that, notwithstanding the foregoing, Interest Expense shall not include (i) annual agency fees paid to the administrative agent under the Credit Agreement and (ii) fees and expenses associated with any
Permitted Investment, issuance of Equity Interests or issuance of Debt (whether or not consummated), including the Notes. 

“Interest Payment Date” means each [            ] and
[            ], commencing [            ], 20[        ]. 

“Investment” means 
 (1) any direct or indirect advance, loan or other extension of credit to another Person, 
 (2) any capital contribution to another Person, by means of any transfer of cash or other property or in any other form, 

(3) any purchase or acquisition of Equity Interests, bonds, notes or other Debt, or other instruments or securities
issued by another Person, including the receipt of any of the above as consideration for the disposition of assets or rendering of services, or 
 (4) any Guarantee of any obligation of another Person. 
 If the Company or any
Restricted Subsidiary (x) sells or otherwise disposes of any Equity Interests of any direct or indirect Restricted Subsidiary so that, after giving effect to that sale or disposition, such Person is no longer a Subsidiary of the Company, or
(y) designates any Restricted Subsidiary as an Unrestricted Subsidiary in accordance with Section 4.15, all remaining Investments of the Company and the Restricted Subsidiaries in such Person shall be deemed to have been made at such time.
For all purposes of the Indenture, the amount of any Investment shall be the amount actually invested on the date of such Investment, without any adjustment for subsequent increases or decreases in the value of such Investment. 

  
 19 

 “Investment Grade Rating” means BBB- or higher by S&P or Baa3 or
higher by Moody’s, or the equivalent of such ratings by S&P or Moody’s, or of another Rating Agency. 

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

“Joint Venture” means (a) any Person which would constitute an “equity method investee” of the Company or
any of its Subsidiaries, (b) any other Person designated by the Company in writing to the Trustee (which designation shall be irrevocable) as a “Joint Venture” for purposes of the Indenture and at least 50% but less than 100% of whose
Equity Interests are directly owned by the Company or any of its Subsidiaries, and (c) any Person in whom the Company or any of its Subsidiaries beneficially owns any Equity Interest that is not a Subsidiary. 

“Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional
sale or other title retention agreement or Capital Lease). 
 “Material Subsidiary” means each Restricted
Subsidiary other than Restricted Subsidiaries that, as of any date of determination, individually or collectively, for the four fiscal quarter period ended most recently prior to such date of determination did not generate more than 10% of the
EBITDA of the Company and its Restricted Subsidiaries and, at the date of determination, did not have assets constituting more than 5% of the Total Assets of the Company and its Restricted Subsidiaries on a consolidated basis. 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Net Cash Proceeds” means, with respect to any Asset Sale, the proceeds of such Asset Sale in the form of cash
(including (i) payments in respect of deferred payment obligations to the extent corresponding to principal, but not interest, when received in the form of cash, and (ii) proceeds from the conversion of other consideration received when
converted to cash), net of 
 (1) brokerage commissions and other fees and expenses related to such Asset Sale,
including fees and expenses of counsel, accountants, underwriters and investment bankers; 
 (2) provisions for
taxes as a result of such Asset Sale without regard to the consolidated results of operations of the Company and its Restricted Subsidiaries; 

  
 20 

 (3) payments required to be made to holders of minority interests in
Restricted Subsidiaries as a result of such Asset Sale or to repay Debt outstanding at the time of such Asset Sale that is secured by a Lien on the property or assets sold; and 

(4) appropriate amounts to be provided as a reserve against liabilities associated with such Asset Sale, including
pension and other post-employment benefit liabilities, liabilities related to environmental matters and indemnification obligations associated with such Asset Sale, with any subsequent reduction of the reserve other than by payments made and charged
against the reserved amount to be deemed a receipt of cash. 
 “Non-Recourse Debt” means Debt as to which
(i) neither the Company nor any Restricted Subsidiary provides any Guarantee and as to which the lenders have been notified in writing that they will not have any recourse to the stock or assets of the Company or any Restricted Subsidiary and
(ii) no default thereunder would, as such, constitute a default under any Debt of the Company or any Restricted Subsidiary. 
 “Notes” has the meaning assigned to such term in the Recitals. 

“Note Guaranty” means the guaranty of the Notes by a Guarantor pursuant to the Indenture. 

“Obligations” means, with respect to any Debt, all obligations (whether in existence on the Issue Date or arising
afterwards, absolute or contingent, direct or indirect) for or in respect of principal (when due, upon acceleration, upon redemption, upon mandatory repayment or repurchase pursuant to a mandatory offer to purchase, or otherwise), premium, interest,
penalties, fees and other amounts payable and liabilities with respect to such Debt pursuant to its terms, including all interest accrued or accruing after the commencement of any bankruptcy, insolvency or reorganization or similar case or
proceeding at the contract rate (including, without limitation, any contract rate applicable upon default) specified in the relevant documentation, whether or not the claim for such interest is allowed as a claim in such case or proceeding.

 “Offer to Purchase” has the meaning assigned to such term in Section 3.04. 

“Officer” means the chief executive officer, chief financial officer, the treasurer or principal accounting officer of
the Company. 
 “Officers’ Certificate” means a certificate signed in the name of the Company by any one
Officer of the Company. 

  
 21 

 “Opinion of Counsel” means a written opinion signed by legal counsel, who
may be an employee of or counsel to the Company or any Guarantor, satisfactory to the Trustee. 
 “Original
Notes” means the Notes issued on the date hereof in an initial aggregate principal amount of $[            ]. 

“Paying Agent” refers to a Person engaged to perform the obligations of the Trustee in respect of payments made or funds
held hereunder in respect of the Notes. 
 “Permitted Bank Debt” has the meaning assigned to such term in
Section 4.06. 
 “Permitted Debt” has the meaning assigned to such term in Section 4.06. 

“Permitted Business” means any of the businesses in which the Company and its Restricted Subsidiaries are engaged on the
Issue Date, and any business reasonably related, incidental, complementary or ancillary thereto or extension, expansions or developments thereof; and any other business approved from time to time by the Board of Directors. 

“Permitted Investments” means: 
 (1) any Investment in the Company or in a Restricted Subsidiary of the Company; 
 (2) any Investment in cash or Cash Equivalents; 
 (3) any
Investment by the Company or any Subsidiary of the Company in a Person, if as a result of such Investment, 
 (A)
such Person becomes a Restricted Subsidiary of the Company, provided that such Person is primarily engaged in a Permitted Business, or 
 (B) such Person is merged or consolidated with or into, or transfers or conveys substantially all its assets to, or is liquidated into, the Company or a Restricted Subsidiary, provided that such
Person is primarily engaged in a Permitted Business; 
 (4) Investments received as non-cash consideration in an
Asset Sale made pursuant to and in compliance with Section 4.13 or in any other disposition of assets not constituting an Asset Sale pursuant to the exceptions in the definition thereof (except pursuant to clause (5) in such definition);

  
 22 

 (5) any Investment acquired solely in exchange for Qualified Stock of the
Company; 
 (6) Hedging Agreements otherwise permitted under the Indenture; 

(7) (i) Investments consisting of extensions of credit in the nature of accounts receivable or Notes receivable arising
from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors and other credits to suppliers in the ordinary course of
business,(ii) endorsements of negotiable instruments and documents for collection or deposit in the ordinary course of business, and (iii) Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy
or reorganization of any Person and in settlement of obligations of, or other disputes with, any Person arising in the ordinary course of business and upon foreclosure with respect to any secured Investment or other transfer of title with respect to
any secured Investment; 
 (8) payroll, travel and other loans or advances to, or Guarantees issued to support
the obligations of, directors, officers, members of management, employees and consultants; in each case in the ordinary course of business, not in excess of $10.0 million outstanding at any time; 

(9) extensions of credit to customers and suppliers in the ordinary course of business; 

(10) Investments existing or contemplated on the Issue Date and any modification, replacement, renewal or extension
thereof; provided that the amount of the original Investment is not increased except as otherwise permitted under Section 4.07; 
 (11) Guarantees by the Company or any Restricted Subsidiary of leases (other than a Capital Lease) entered into in the ordinary course of business; 

(12) Investments in any Notes (including any Additional Notes) issued under the Indenture; 

(13) Guarantees by the Company or any of its Restricted Subsidiaries of Debt otherwise permitted to be Incurred by the
Company or any of its Restricted Subsidiaries under the Indenture; 
 (14) receivables owing to the Company or
any Restricted Subsidiary, if created or acquired in the ordinary course of business; 

  
 23 

 (15) any pledges or deposits permitted under the definition of
“Permitted Liens”; 
 (16) any transaction to the extent it constitutes an Investment that is permitted
by and made in accordance with the provisions of clauses (4), (6), (7) or (8) of paragraph (b) of Section 4.14; 
 (17) any Investment that replaces, refinances or refunds an existing Investment (other than an Investment under clauses (1), (2), (3), (7), (8), (9), (12), (14), or (15) above or (18), (19) or
(20) below); provided that the new Investment is in an amount that does not exceed the amount replaced, refinanced or refunded, and is made in the same Person as the Investment replaced, refinanced or refunded; 

(18) in addition to Investments listed above, Investments in an aggregate amount, taken together with all other
Investments made in reliance on this clause, not to exceed $175.0 million (net of, with respect to the Investment in any particular Person made pursuant to this clause, the cash return thereon received after the Issue Date as a result of any sale
for cash, repayment, redemption, liquidating distribution or other cash realization (not included in Consolidated Net Income) not to exceed the amount of such Investments in such Person made after the Issue Date in reliance on this clause);

 (19) any Investment in a Securitization Vehicle or any Investment by a Securitization Vehicle in any other
Person in connection with a Securitization Financing permitted by the Indenture, including Investments of funds held in accounts permitted or required by the arrangements governing the Securitization Financing or any related Debt; provided
that any Investment in a Securitization Vehicle is in the form of a purchase money Note, contribution of additional Securitization Assets or equity investments; and 

(20) Investments of funds held by the Exchange Companies for the benefit of their customers in connection with their
like-kind-exchange operations. 
 If any Investment pursuant to clause (18) above is made in any Person that is not a
Restricted Subsidiary and such Person thereafter becomes a Restricted Subsidiary, such Investment shall thereafter be deemed to have been made pursuant to clause (1) above and not clause (18) above for so long as such Person continues to
be a Restricted Subsidiary. 
 “Permitted Liens” means 

  
 24 

 (1) Liens existing on the Issue Date (other than Liens referred to in
clause (3) below) and any modifications, replacements, refinancings, renewals or extensions thereof; provided that (i) the Lien does not extend to any additional property other than (a) after-acquired property that is affixed
or incorporated into the property covered by such Lien or financed by Debt permitted under Section 4.06, and (b) improvements, accessions, dividends, distributions, proceeds and products thereof and (ii) the modification, replacement,
renewal, extension or refinancing of the Obligations secured or benefited by such Liens (if such Obligations constitute Debt) is permitted under Section 4.06; 

(2) Liens securing the Notes (other than any Additional Notes) or any Note Guaranties; 

(3) Liens securing Obligations under or with respect to Permitted Bank Debt and Obligations with respect thereto and
securing any Guarantees of such Obligations; 
 (4) (i) Liens Incurred in the ordinary course of business in
connection with workers’ compensation, unemployment insurance and other social security legislation and (ii) Liens Incurred in the ordinary course of business securing insurance premiums or reimbursement obligations under insurance
policies; 
 (5) statutory Liens of landlords, carriers, warehousemen, mechanics, materialmen, repairmen,
construction contractors or other like Liens arising in the ordinary course of business which secure amounts not overdue for a period of more than 60 days or, if more than 60 days overdue, (i) no action has been taken to enforce such Lien,
(ii) such Lien is being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP or (iii) the
nonpayment of which in the aggregate would not reasonably be expected to have a material adverse effect on the Company and its Restricted Subsidiaries taken as a whole; 

(6) Liens for taxes, assessments or governmental charges which (x) are not overdue for a period of more than 60
days, (y) if more than 60 days overdue, which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance
with GAAP or (z) the nonpayment of which in the aggregate would not reasonably be expected to have a material adverse effect on the Company and its Restricted Subsidiaries taken as a whole; 

  
 25 

 (7) Liens securing reimbursement obligations with respect to letters of
credit that encumber documents and other property relating to such letters of credit and the proceeds thereof; 

(8) Liens to secure the performance of bids, trade contracts, governmental contracts and leases (other than Debt for
borrowed money), statutory obligations, surety, stay, customs and appeal bonds, performance bonds, performance and completion guarantees and other obligations of a like nature (including those to secure health, safety and environmental obligations)
Incurred in the ordinary course of business; 
 (9) survey exceptions, encumbrances, easements or reservations
of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real property, not interfering in any material respect with the
conduct of the business of the Company and its Restricted Subsidiaries; 
 (10) licenses or leases or subleases
as licensor, lessor or sublessor of any of its property, including intellectual property, in the ordinary course of business; 
 (11) Liens that are contractual rights of set-off (i) relating to the establishment of depository relations with banks not given in connection with the issuance of Debt (other than Debt described in
paragraph (7) of the definition of “Debt”), (ii) relating to pooled deposit or sweep accounts of the Company or any Restricted Subsidiary to permit satisfaction of overdraft or similar obligations Incurred in the ordinary course
of business of the Company or any Restricted Subsidiary and (iii) relating to purchase orders and other similar agreements entered into in the ordinary course of business; 

(12) Liens securing judgments for the payment of money not constituting an Event of Default; 

(13) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods in the ordinary course of business; 
 (14) Liens in favor of the
Company or any Restricted Subsidiary securing Debt permitted under Section 4.06 or other obligations; 

(15) Liens (i) of a collection bank arising under Section 4.01-210 of the Uniform Commercial Code on items in
the course of collection, (ii) attaching to commodity trading accounts or other brokerage accounts Incurred in the ordinary course of business, or (iii) in favor of a banking institution arising as a matter of law encumbering deposits
(including the right of set-off) and which are within the general parameters customary in the banking industry; 

  
 26 

 (16) Liens arising from precautionary UCC financing statement filings (or
similar filings under applicable Law) regarding leases entered into by the Company or any Restricted Subsidiary in the ordinary course of business (and Liens consisting of the interests or title of the respective lessors thereunder); 

(17) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods
entered into by the Company or any Restricted Subsidiary in the ordinary course of business not prohibited by the Indenture; 
 (18) Liens existing on property at the time of its acquisition or existing on the property of any Person at the time such Person becomes a Restricted Subsidiary, in each case after the date hereof and any
modifications, replacements, refinancings, renewals or extensions thereof; provided that (i) in the case of Liens securing purchase money Debt or Capital Leases, (a) such Liens (except for refinancings thereof) attach concurrently
with or within 365 days after the purchase or completion of, construction or improvement (as applicable) of the property subject to such Liens and (b) such Lien does not extend to or cover any other assets or property (other than the
improvements, accessions, dividends, distributions, proceeds or products thereof and after-acquired property subjected to a Lien pursuant to terms existing at the time of such acquisition, it being understood that such requirement to pledge
after-acquired property shall not be permitted to apply to any property to which such requirement would not have applied but for such acquisition) and (ii) in the case of Liens securing Debt other than Debt incurred pursuant to clause 9 of
Section 4.06(b), (a) such Liens do not extend to the property of any Person other than the Person acquired or formed to make such acquisition and the subsidiaries of such Person and (b) such Lien was not created in contemplation of
such acquisition or such Person becoming a Restricted Subsidiary; 
 (19) Liens (i) (A) on advances of
cash or Cash Equivalents in favor of the seller of any property to be acquired under paragraph (3) of the definition of “Permitted Investment” to be applied against the purchase price for such Investment, and (B) consisting of an
agreement to dispose of any property in a disposition permitted under Section 4.13 and (ii) on cash earnest money deposits made by the Company or any Restricted Subsidiary in connection with any letter of intent or purchase agreement
permitted under the Indenture; 

  
 27 

 (20) Liens securing Hedging Agreements so long as such Hedging Agreements
relate to other Debt that is, and is permitted to be under the Indenture, secured by a Lien on the same property securing such Hedging Agreements; 
 (21) Liens on property of any Foreign Restricted Subsidiary securing Debt of such Foreign Restricted Subsidiary to the extent permitted to be Incurred under Section 4.06; 

(22) any pledge of the Capital Stock of an Unrestricted Subsidiary to secure Debt of such Unrestricted Subsidiary;

 (23) extensions, renewals, refundings or replacements (in each case, in whole or in part) of any Liens
referred to in clauses (1), (2) or (18) in connection with the refinancing of the obligations secured thereby, provided that such Lien does not extend to any other property (plus improvements, accessions, proceeds or dividend or
distributions in respect thereof) and, except as contemplated by the definition of “Permitted Refinancing Debt”, the amount secured by such Lien is not increased; 

(24) Liens arising in connection with Cash Management Practices; 

(25) Liens securing Specified Non-Recourse Indebtedness; 

(26) Liens securing Debt permitted to be Incurred under Section 4.06 of this Indenture in an amount not to exceed
the maximum amount of Debt such that the Senior Secured Debt Ratio (at the time of incurrence of such Debt after giving pro forma effect thereto in a manner consistent with the calculation of the Fixed Charge Coverage Ratio) would not be greater
than 2.25 to 1.00; and 
 (27) other Liens securing obligations in an aggregate amount not exceeding the greater
of (i) $75 million and (ii) 3.0% of Total Assets. 
 “Permitted Payment” has the meaning assigned to
such term in Section 4.07. 
 “Permitted Refinancing Debt” has the meaning assigned to such term in
Section 4.06. 
 “Person” means an individual, a corporation, a partnership, a limited liability company,
joint venture, joint stock company, an association, unincorporated organization, a trust or any other entity, including a government or political subdivision or an agency or instrumentality thereof. 

  
 28 

 “Preferred Stock” means, with respect to any Person, any and all Capital
Stock which is preferred as to the payment of dividends or distributions, upon liquidation or otherwise, over another class of Capital Stock of such Person. 
 “principal” of any Debt means the principal amount of such Debt, (or if such Debt was issued with original issue discount, the face amount of such Debt less the remaining unamortized
portion of the original issue discount of such Debt). 
 “Prospectus Supplement” means the prospectus
supplement dated [            ], 20[        ] related to the issuance of Notes on the Issue Date. 

“Qualified Equity Interests” means all Equity Interests of a Person other than Disqualified Equity Interests.

 “Qualified Stock” means all Capital Stock of a Person other than Disqualified Stock. 

“Rating Agency” means (i) S&P, (ii) Moody’s or (iii) if neither S&P or Moody’s is
rating the Notes, another recognized rating agency, selected by the Company. 
 “Redemption Date” has the
meaning assigned to such term in Section 3.01. 
 “refinance” has the meaning assigned to such term in
Section 4.06. 
 “Register” has the meaning assigned to such term in Section 2.09. 

“Registrar” means a Person engaged to maintain the Register. 

“Regular Record Date” for the interest payable on any Interest Payment Date means the
[            ] or [            ] (whether or not a Business Day) next preceding such Interest Payment Date. 

“Restricted Payment” has the meaning assigned to such term in Section 4.07. 

“Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted Subsidiary. 

“S&P” means Standard & Poor’s Ratings Group, a division of McGraw Hill, Inc. and its successors.

 “Sale and Leaseback Transaction” means, with respect to any Person, an arrangement whereby such Person
enters into a lease of property previously transferred by such Person to the lessor. 

  
 29 

 “SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933. 

“Securitization Assets” means any accounts receivable, royalty or revenue streams, other financial assets, proceeds and
books, records and other related assets incidental to the foregoing subject to a Securitization Financing. 

“Securitization Financing” means Debt Incurred in connection with a receivables securitization transaction involving the
Company or any of its Restricted Subsidiaries and a Securitization Vehicle; provided that (i) such Debt when Incurred shall not exceed 100% of the cost or fair market value, whichever is lower, of the property being acquired on the date
of acquisition, (ii) such Debt is created and any Lien attaches to such property concurrently with or within forty-five (45) days of the acquisition thereof, and (iii) such Lien does not at any time encumber any property other than
the property financed by such Debt. 
 “Securitization Vehicle” means one or more special purpose vehicles that
are, directly or indirectly, wholly-owned Subsidiaries of the Company and are Persons organized for the limited purpose of entering into a Securitization Financing by purchasing, or receiving by way of capital contributions, sale or other transfer,
assets from the Company and its Subsidiaries and obtaining financing for such assets from third parties, and whose structure is designed to insulate such vehicle from the credit risk of the Company. 

“Senior Secured Debt Ratio” as of any date of determination means the ratio of (1) (x) Total Indebtedness of
the Company and its Restricted Subsidiaries that is secured by a Lien minus (y) the aggregate amount of cash and Cash Equivalents (which shall be free and clear of any Liens) of the Company and its Restricted Subsidiaries determined on a
consolidated basis as reflected on the balance sheet in accordance with GAAP, in each case of clause (x) and (y) as of the most recent fiscal period for which internal financial statements are available immediately preceding the date on
which such event for which such calculation is being made shall occur, to (2) EBITDA of the Company and its Restricted Subsidiaries for the most recently ended four full fiscal quarters for which internal financial statements are available
immediately preceding the date on which such event for which such calculation is being made shall occur, in each case, with such pro forma adjustments to Total Indebtedness and EBITDA as are appropriate and consistent with the pro forma adjustment
provisions set forth in the definition of “Fixed Charge Coverage Ratio. 
 “Stated Maturity” means
(i) with respect to any Debt, the date specified as the fixed date on which the final installment of principal of such Debt is due and payable or (ii) with respect to any scheduled installment of principal of or interest on any Debt, the
date specified as the fixed date on which such installment is due and payable as set forth in the documentation governing such Debt, not including any contingent obligation to repay, redeem or repurchase prior to the regularly scheduled date for
payment. 

  
 30 

 “Subordinated Debt” means any Debt of the Company or any Guarantor which
is subordinated in right of payment to the Notes or the Note Guaranty, as applicable, pursuant to a written agreement to that effect. 
 “Subsidiary” means with respect to any Person, any corporation, association or other business entity of which more than 50% of the outstanding Voting Stock is owned, directly or
indirectly, by, or, in the case of a partnership, the sole general partner or the managing partner or the only general partners of which are, such Person and one or more Subsidiaries of such Person (or a combination thereof). Unless otherwise
specified, “Subsidiary” means a Subsidiary of the Company. 
 “Swap Contract” means (a) any and
all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward contracts, futures 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 exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions,
cross-currency rate swap transactions, currency options, spot contracts, repurchase agreements, reverse repurchase agreements, sell buy backs and buy sell back agreements, and securities lending and borrowing agreements 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 or related schedules, including any such obligations or liabilities arising therefrom. 

“Total Assets” means, at any time with respect to any Person, the total assets appearing on the most recently prepared
consolidated balance sheet of such Person as of the end of the most recent fiscal quarter of such Person for which such balance sheet is available, prepared in accordance with GAAP. 

“Total Indebtedness” means, as of any date of determination, an amount equal to (1) the aggregate principal amount
of Debt of the Company and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis, to the extent required to be recorded on a balance sheet in accordance with GAAP, consisting of Debt for borrowed money, Debt of the
Company and its Restricted Subsidiaries in respect of Capital Leases, Debt or similar financing obligations of the Company and its Restricted Subsidiaries under any 

  
 31 

 
Securitization Financing and Debt obligations evidenced by promissory notes or similar instruments and (2) the aggregate amount of all outstanding Disqualified Stock of the Company and all
Disqualified Stock and Preferred Stock of its Restricted Subsidiaries on a consolidated basis, with the amount of such Disqualified Stock and Preferred Stock equal to the greater of their respective voluntary or involuntary liquidation preferences
and maximum fixed repurchase prices, in each case determined on a consolidated basis in accordance with GAAP. For purposes hereof, the “maximum fixed repurchase price” of any Disqualified Stock or Preferred Stock that does not have a fixed
repurchase price shall be calculated in accordance with the terms of such Disqualified Stock or Preferred Stock as if such Disqualified Stock or Preferred Stock were purchased on any date on which Total Indebtedness shall be required to be
determined pursuant to this Indenture. 
 “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
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
[            ], 20[ ]; provided that if the period from the Redemption Date to such date is less than one year, the weekly average yield on actually traded United States Treasury
securities adjusted to a constant maturity of one year will be used. 
 “Trustee” means the party named as such
in the first paragraph of the Indenture or any successor trustee under the Indenture pursuant to Article 7. 

“Trust Indenture Act” means the Trust Indenture Act of 1939. 

“U.S. Government Obligations” means obligations issued or directly and fully guaranteed or insured by the United States
of America or by any agent or instrumentality thereof, provided that the full faith and credit of the United States of America is pledged in support thereof. 
 “Unrestricted Subsidiary” means any Subsidiary of the Company that at the time of determination has previously been designated, and continues to be (at any relevant time of
determination), an Unrestricted Subsidiary in accordance with Section 4.15. 
 “Voting Stock” means, with
respect to any Person, Capital Stock of any class or kind ordinarily having the power to vote for the election of directors, managers or other voting members of the governing body of such Person. 

“Wholly Owned” means, with respect to any Restricted Subsidiary, a Restricted Subsidiary all of the outstanding Capital
Stock of which (other than any director’s qualifying shares) is owned by the Company and one or more Wholly Owned Restricted Subsidiaries (or a combination thereof). 

  
 32 

 Section 1.02. Rules of Construction. Unless the context otherwise requires or
except as otherwise expressly provided, 
 (1) an accounting term not otherwise defined has the meaning assigned
to it in accordance with GAAP; 
 (2) “herein,” “hereof” and other words of similar import
refer to the Indenture as a whole and not to any particular Section, Article or other subdivision; 
 (3) all
references to Sections or Articles 1 or Exhibits refer to Sections or Articles 1 or Exhibits of or to the Indenture unless otherwise indicated; 
 (4) references to agreements or instruments, or to statutes or regulations, are to such agreements or instruments, or statutes or regulations, as amended from time to time (or to successor statutes and
regulations); and 
 (5) in the event that a transaction meets the criteria of more than one category of
permitted transactions or listed exceptions the Company may classify such transaction as it, in its sole discretion, determines. 

ARTICLE 2 

THE NOTES 
 Section 2.01. Form, Dating and Denominations; Legends. (a) The Notes and the Trustee’s certificate of authentication will be substantially in the form attached as Exhibit A. The
terms and provisions contained in the form of the Notes annexed as Exhibit A constitute, and are hereby expressly made, a part of the Indenture. The Notes may have notations, legends or endorsements required by law, rules of or agreements with
national securities exchanges to which the Company is subject, or usage. Each Note will be dated the date of its authentication. The Notes will be issuable in denominations of $2,000 in principal amount and any multiple of $1,000 in excess thereof.
The terms of the Notes set forth in Exhibit A are part of the terms of this Indenture. Each Global Note, whether or not an Original Note or an Additional Note, will bear the DTC Legend. 

Section 2.02. Execution and Authentication; Additional Notes. (a) An Officer shall execute the Notes for the Company by
facsimile or manual signature in the name and on behalf of the Company. If an Officer whose signature is on a Note no longer holds that office at the time the Note is authenticated, the Note will still be valid. 

  
 33 

 (b) A Note will not be valid until the Trustee manually signs the certificate of
authentication on the Note, with the signature conclusive evidence that the Note has been authenticated under the Indenture. 

(c) At any time and from time to time after the execution and delivery of the Indenture, the Company may deliver Notes executed by the
Company to the Trustee for authentication. The Trustee will authenticate and deliver 
 (i) Original Notes for
original issue in the aggregate principal amount not to exceed $[            ], and 
 (ii) Additional Notes from time to time for original issue in aggregate principal amounts specified by the Company. 
 after the following conditions have been met: 
 (1) Receipt by the
Trustee of an Officers’ Certificate specifying 
 (A) the amount of Notes to be authenticated and the date
on which the Notes are to be authenticated, 
 (B) whether the Notes are to be Original Notes or, Additional
Notes, 
 (C) in the case of Additional Notes, that the issuance of such Notes does not contravene any provision
of Article 4, 
 (D) whether the Notes are to be issued as one or more Global Notes or Certificated Notes,
and 
 (E) other information the Company may determine to include or the Trustee may reasonably request.

 Section 2.03. Registrar, Paying Agent and Authenticating Agent; Paying Agent to Hold Money in Trust. (a) The
Company may appoint one or more Registrars and one or more Paying Agents, and the Trustee may appoint an Authenticating Agent, in which case each reference in this Indenture to the Trustee in respect of the obligations of the Trustee to be performed
by that Agent will be deemed to be references to the Agent. The Company may act as Registrar or (except for purposes of Article 8) Paying Agent. In each case the Company and the Trustee will enter into an appropriate agreement with the Agent
implementing the provisions of this Indenture relating to the obligations of the Trustee to be performed by the Agent and the related rights. The Company initially appoints the Trustee as Registrar and Paying Agent. 

  
 34 

 (b) The Company will require each Paying Agent other than the Trustee to agree in writing
that the Paying Agent will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of and interest on the Notes and will promptly notify the Trustee in writing of any default by the
Company in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee may at any time during the continuance of any payment default,
upon written request to a Paying Agent, require the Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. Upon doing so, the Paying Agent will have no further liability for the money so paid over to the
Trustee. 
 Section 2.04. Replacement Notes. If a mutilated Note is surrendered to the Trustee or if a Holder claims
that its Note has been lost, destroyed or wrongfully taken and furnishes to Trustee evidence reasonable satisfactory to Trustee of the ownership of such Note and of such loss, destruction or theft, the Company will issue and the Trustee will
authenticate a replacement Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. Every replacement Note is an additional obligation of the Company and entitled to the benefits of this Indenture. If required
by the Trustee or the Company, an indemnity must be furnished that is sufficient in the judgment of both the Trustee and the Company to protect the Company and the Trustee from any loss they may suffer if a Note is replaced. The Company and Trustee
(if not reimbursed by the Company) may charge the Holder for the expenses of the Company and the Trustee in replacing a Note. In case the mutilated, lost, destroyed or wrongfully taken Note has become or is about to become due and payable, the
Company in its discretion may pay the Note instead of issuing a replacement Note. 
 Section 2.05. Outstanding Notes.
(a) Notes outstanding at any time are all Notes that have been authenticated by the Trustee except for 

(1) Notes cancelled by the Trustee or delivered to it for cancellation; 

(2) any Note which has been replaced pursuant to Section 2.04 unless and until the Trustee and the Company receive
proof satisfactory to them that the replaced Note is held by a bona fide purchaser; and 
 (3) on or
after the maturity date or any redemption date or date for purchase of the Notes pursuant to an Offer to Purchase, those Notes payable or to be redeemed or purchased on that date for which the Trustee (or Paying Agent, other than the Company or an
Affiliate of the Company) holds money sufficient to pay all amounts then due. 

  
 35 

 (b) A Note does not cease to be outstanding because the Company or one of its Affiliates
holds the Note, provided that in determining whether the Holders of the requisite principal amount of the outstanding Notes have given or taken any request, demand, authorization, direction, notice, consent, waiver or other action hereunder,
Notes owned by the Company or any Affiliate of the Company will be disregarded and deemed not to be outstanding, (it being understood that in determining whether the Trustee is protected in relying upon any such request, demand, authorization,
direction, notice, consent, waiver or other action, only Notes which the Trustee actually knows to be so owned will be so disregarded). Notes so owned which have been pledged in good faith may be regarded as outstanding if the pledgee establishes to
the satisfaction of the Trustee the pledgee’s right so to act with respect to such Notes and that the pledgee is not the Company or any Affiliate of the Company. 
 Section 2.06. Temporary Notes. Until definitive Notes are ready for delivery, the Company may prepare and the Trustee will authenticate temporary Notes. Temporary Notes will be substantially
in the form of definitive Notes but may have insertions, substitutions, omissions and other variations determined to be appropriate by the Officer executing the temporary Notes, as evidenced by the execution of the temporary Notes. If temporary
Notes are issued, the Company will cause definitive Notes to be prepared without unreasonable delay. After the preparation of definitive Notes, the temporary Notes will be exchangeable for definitive Notes upon surrender of the temporary Notes at
the office or agency of the Company designated for the purpose pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any temporary Notes the Company will execute and the Trustee will authenticate and deliver
in exchange therefor a like principal amount of definitive Notes of authorized denominations. Until so exchanged, the temporary Notes will be entitled to the same benefits under the Indenture as definitive Notes. 

Section 2.07. Cancellation. The Company at any time may deliver to the Trustee for cancellation any Notes previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Notes previously authenticated hereunder which the Company has not issued and sold. Any Registrar
or the Paying Agent will forward to the Trustee any Notes surrendered to it for transfer, exchange or payment. The Trustee will cancel all Notes surrendered for transfer, exchange, payment or cancellation and dispose of them in accordance with its
normal procedures or the written instructions of the Company received prior to any such cancellation. The Company may not issue new Notes to replace Notes it has paid in full or delivered to the Trustee for cancellation. 

  
 36 

 Section 2.08. CUSIP and ISIN Numbers. The Company in issuing the Notes may use
“CUSIP” and “ISIN” numbers, and the Trustee will use CUSIP numbers or ISIN numbers in notices of redemption or exchange or in Offers to Purchase as a convenience to Holders, the notice to 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 redemption or exchange or Offer to Purchase. The Company will promptly notify the Trustee of any change in the CUSIP or ISIN numbers. 

Section 2.09. Registration, Transfer and Exchange. (a) The Notes will be issued in registered form only, without
coupons, and the Company shall cause the Trustee to maintain a register (the “Register”) of the Notes, for registering the record ownership of the Notes by the Holders and transfers and exchanges of the Notes. 

(b) (1) Each Global Note will be registered in the name of the Depositary or its nominee and, so long as DTC is serving as the
Depositary thereof, will bear the DTC Legend. 
 (2) Each Global Note will be delivered to the Trustee as
custodian for the Depositary. Transfers of a Global Note (but not a beneficial interest therein) will be limited to transfers thereof in whole, but not in part, to the Depositary, its successors or their respective nominees, except (1) as set
forth in Section 2.09(b)(4) and (2) transfers of portions thereof in the form of Certificated Notes may be made upon request of an Agent Member (for itself or on behalf of a beneficial owner) by written notice given to the Trustee by or on
behalf of the Depositary in accordance with customary procedures of the Depositary and in compliance with this Section 2.09 and Section 2.10. 
 (3) Agent Members will have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary, and the Depositary may be treated by the Company, the Trustee and any
agent of the Company or the Trustee as the absolute owner and Holder of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, the Depositary or its nominee may grant proxies and otherwise authorize any Person (including any
Agent Member and any Person that holds a beneficial interest in a Global Note through an Agent Member) to take any action which a Holder is entitled to take under this Indenture or the Notes, and nothing herein will impair, as between the Depositary
and its Agent Members, the operation of customary practices governing the exercise of the rights of a holder of any security. 

  
 37 

 (4) If (x) the Depositary notifies the Company that it is unwilling or
unable to continue as Depositary for a Global Note and a successor depositary is not appointed by the Company within 90 days of the notice or (y) an Event of Default has occurred and is continuing and the Trustee has received a written request
from the Depositary, the Trustee will promptly exchange each beneficial interest in the Global Note for one or more Certificated Notes in authorized denominations having an equal aggregate principal amount registered in the name of the owner of such
beneficial interest, as identified to the Trustee by the Depositary in writing, and thereupon the Global Note will be deemed canceled. 
 (c) Each Certificated Note will be registered in the name of the holder thereof or its nominee. 
 (d) A Holder may transfer a Note (or a beneficial interest therein) to another Person or exchange a Note (or a beneficial interest therein) for another Note or Notes of any authorized denomination by
presenting to the Trustee a written request therefor stating the name of the proposed transferee or requesting such an exchange, accompanied by any certification, opinion or other document required by Section 2.10. The Trustee will promptly
register any transfer or exchange that meets the requirements of this Section by noting the same in the register maintained by the Trustee for the purpose; provided that 

(x) no transfer or exchange will be effective until it is registered in such register, and 

(y) the Trustee will not be required (i) to issue, register the transfer of or exchange any Note for a period of
seven days before a selection of Notes to be redeemed or purchased pursuant to an Offer to Purchase, (ii) to register the transfer of or exchange any Note so selected for redemption or purchase in whole or in part, except, in the case of a
partial redemption or purchase, that portion of any Note not being redeemed or purchased, or (iii) if a redemption or a purchase pursuant to an Offer to Purchase is to occur after a Regular Record Date but on or before the corresponding
Interest Payment Date, to register the transfer of or exchange any Note on or after the Regular Record Date and before the date of redemption or purchase. Prior to the registration of any transfer, the Company, the Trustee and their agents will
treat the Person in whose name the Note is registered as the owner and Holder thereof for all purposes (whether or not the Note is overdue), and will not be affected by notice to the contrary. 

From time to time the Company will execute and deliver to the Trustee and the Trustee will authenticate additional Notes as necessary in
order to permit the registration of a transfer or exchange in accordance with this Section. 
 No service charge will be imposed
in connection with any transfer or exchange of any Note, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than a transfer tax or other similar
governmental charge payable upon exchange pursuant to subsection (d)(4)). 

  
 38 

 (e) (1) Global Note to Global Note. If a beneficial interest in a Global Note
is transferred or exchanged for a beneficial interest in another Global Note, the Trustee will (x) record a decrease in the principal amount of the Global Note being transferred or exchanged equal to the principal amount of such transfer or
exchange and (y) record a like increase in the principal amount of the other Global Note. Any beneficial interest in one Global Note that is transferred to a Person who takes delivery in the form of an interest in another Global Note, or
exchanged for an interest in another Global Note, will, upon transfer or exchange, cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer and exchange
restrictions, if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest. 
 (2) Global Note to Certificated Note. If a beneficial interest in a Global Note is transferred or exchanged for a Certificated Note, the Trustee will (x) record a decrease in the principal
amount of such Global Note equal to the principal amount of such transfer or exchange and (y) deliver one or more new Certificated Notes in authorized denominations having an equal aggregate principal amount to the transferee (in the case of a
transfer) or the owner of such beneficial interest (in the case of an exchange), registered in the name of such transferee or owner, as applicable. 
 (3) Certificated Note to Global Note. If a Certificated Note is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such Certificated Note,
(y) record an increase in the principal amount of such Global Note equal to the principal amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less than the entire principal amount of the
canceled Certificated Note, deliver to the Holder thereof one or more new Certificated Notes in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Certificated Note,
registered in the name of the Holder thereof. 
 (4) Certificated Note to Certificated Note. If a
Certificated Note is transferred or exchanged for another Certificated Note, the Trustee will (x) cancel the Certificated Note being transferred or exchanged, (y) deliver one or more new Certificated Notes in authorized denominations
having an aggregate principal amount equal to the principal amount of such transfer or exchange to the transferee (in the case of a transfer) or the Holder of the canceled Certificated Note (in the case of an exchange), registered in the name of
such transferee or Holder, as applicable, and (z) if such transfer or exchange involves less than the entire principal amount 

  
 39 

 
of the canceled Certificated Note, deliver to the Holder thereof one or more Certificated Notes in authorized denominations having an aggregate principal amount equal to the untransferred or
unexchanged portion of the canceled Certificated Note, registered in the name of the Holder thereof. 
 Section 2.10.
Restrictions on Transfer and Exchange. (a) The transfer or exchange of any Note (or a beneficial interest therein) may only be made in accordance with this Section and Section 2.09) and, in the case of a Global Note (or a beneficial
interest therein), the applicable rules and procedures of the Depositary. The Trustee shall refuse to register any requested transfer or exchange that does not comply with the preceding sentence. 

(a) The Trustee will retain copies of all certificates, opinions and other documents received in connection with the transfer or exchange
of a Note (or a beneficial interest therein), and the Company will have the right to inspect and make copies thereof at any reasonable time upon written notice to the Trustee. 
 ARTICLE 3 
 REDEMPTION; OFFER TO
PURCHASE 
 Section 3.01. Optional Redemption. (a) At any time prior to
[            ], 20[ ], the Company may redeem the Notes, in whole or in part, at a redemption price equal to 100.0% of the principal amount of the Notes redeemed plus the Applicable Premium
as of, plus accrued and unpaid interest, if any, to, the date of redemption (the “Redemption Date”), subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest
Payment Date. 
 (b) At any time and from time to time on or after
[            ], 20[            ], the Company may on one or more occasions redeem the Notes, in whole or in part, upon not less
than 30 nor more than 60 days’ notice at a redemption price equal to the percentage of principal amount set forth below plus accrued and unpaid interest on the Notes redeemed to the Redemption Date, if redeemed during the twelve-month period
beginning on [            ], of the years indicated below, subject to the rights of Noteholders on the relevant Record Date to receive interest on the relevant Interest Payment Date.

  

					
	 Year
	  	Percentage	 
	 20[ ]
	  	 	[ 	]% 
	 20[ ]
	  	 	[ 	]% 
	 20[ ]
	  	 	[ 	]% 
	 20[ ] and thereafter
	  	 	100.000	% 

  
 40 

 Section 3.02. Redemption with Proceeds of Equity Offering. At any time and from
time to time prior to [            ], 20[            ], the Company may redeem Notes with the net cash proceeds received by the
Company from any Equity Offering at a redemption price equal to [            ]% of the principal amount plus accrued and unpaid interest to the Redemption Date, in an aggregate principal
amount for all such redemptions not to exceed 35% of the original aggregate principal amount of the Notes, including Additional Notes, provided that 
 (1) in each case the redemption takes place not later than 60 days after the closing of the related Equity Offering, and 

(2) not less than 65% of the original aggregate principal amount of the Notes issued (calculated after giving effect to
any issuance of Additional Notes) remains outstanding immediately thereafter. 
 Section 3.03. Method and Effect of
Redemption. (a) Any redemption pursuant to Section 3.01 or Section 3.02 may, in the Company’s discretion, be subject to satisfaction of one or more conditions precedent including, but not limited to, the occurrence of a
Change of Control or consummation of any Equity Offering or financing transaction. If the Company elects to redeem Notes, it must notify the Trustee of the Redemption Date and the principal amount of Notes to be redeemed by delivering an
Officers’ Certificate at least 60 days before the Redemption Date (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes are being redeemed, the Officers’ Certificate must also specify a record date not
less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes to be redeemed pro rata, by lot or by any other method the Trustee in its sole discretion deems fair and appropriate, in
denominations of $2,000 principal amount and integral multiples of $1,000 in excess thereof. The Trustee will notify the Company promptly of the Notes or portions of Notes to be called for redemption. Notice of redemption must be sent by the Company
or at the Company’s request, by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 30 days but not more than 60 days before the Redemption Date. 

(b) The notice of redemption will identify the Notes to be redeemed and will include or state the following: 

(1) the Redemption Date; 
 (2) the redemption price (or the formula by which the redemption price will be determined), including the portion thereof representing any accrued interest; 

(3) the place or places where Notes are to be surrendered for redemption; 

(4) Notes called for redemption must be so surrendered in order to collect the redemption price; 

  
 41 

 (5) on the Redemption Date the redemption price will become due and payable
on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the Redemption Date; 
 (6) if any Note is redeemed in part, on and after the Redemption Date, upon surrender of such Note, new Notes equal in principal amount to the unredeemed portion will be issued; and 

(7) if any Note contains a CUSIP or ISIN number, no representation is being made as to the correctness of the CUSIP or
ISIN number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. 

(c) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the
Redemption Date subject to the terms of each notice of redemption, and upon surrender of the Notes called for redemption, the Company shall redeem such Notes at the redemption price. Commencing on the Redemption Date, Notes redeemed will cease to
accrue interest. Upon surrender of any Note redeemed in part, the Holder will receive a new Note equal in principal amount to the unredeemed portion of the surrendered Note. 
 Section 3.04. Offer to Purchase. (a) An “Offer to Purchase” means an offer by the Company to purchase Notes as required by this Indenture. An Offer to Purchase must be
made by written offer (the “offer”) sent to the Holders. The Company will notify the Trustee at least 10 days (or such shorter period as is acceptable to the Trustee) prior to sending the offer to Holders of its obligation to make
an Offer to Purchase, and the offer will be sent by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. 
 (b) The offer must include or state the following as to the terms of the Offer to Purchase: 
 (1) the provision of the Indenture pursuant to which the Offer to Purchase is being made; 
 (2) the aggregate principal amount of the outstanding Notes offered to be purchased by the Company pursuant to the Offer to Purchase (including, if less than 100%, the manner by which such amount has been
determined pursuant to the Indenture) (the “purchase amount”); 
 (3) the purchase price,
including the portion thereof representing accrued interest; 

  
 42 

 (4) an expiration date (the “expiration date”) not less
than 30 days or more than 60 days after the date of the offer, and a settlement date for purchase (the “purchase date”) not more than five Business Days after the expiration date; 

(5) to the extent not already included in the reports filed by the Company under the Exchange Act, information concerning
the business of the Company and its Subsidiaries which the Company in good faith believes will enable the Holders to make an informed decision with respect to the Offer to Purchase, at a minimum to include 

(A) the most recent annual and quarterly financial statements and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” for the Company, 
 (B) a description of material
developments in the Company’s business subsequent to the date of the latest of the financial statements (including a description of the events requiring the Company to make the Offer to Purchase), and 

(C) if applicable, appropriate pro forma financial information concerning the Offer to Purchase and the events requiring
the Company to make the Offer to Purchase; 
 (6) a Holder may tender all or any portion of its Notes, subject to
the requirement that any portion of a Note tendered must be in a multiple of $1,000 principal amount; 
 (7) the
place or places where Notes are to be surrendered for tender pursuant to the Offer to Purchase; 
 (8) each
Holder electing to tender a Note pursuant to the offer will be required to surrender such Note at the place or places specified in the offer prior to the close of business on the expiration date (such Note being, if the Company or the Trustee so
requires, duly endorsed or accompanied by a duly executed written instrument of transfer); 
 (9) interest on any
Note not tendered, or tendered but not purchased by the Company pursuant to the Offer to Purchase, will continue to accrue; 
 (10) on the purchase date the purchase price will become due and payable on each Note accepted for purchase, and interest on Notes purchased will cease to accrue on and after the purchase date;

  
 43 

 (11) Holders are entitled to withdraw Notes tendered by giving notice, which
must be received by the Company or the Trustee not later than the close of business on the expiration date, setting forth the name of the Holder, the principal amount of the tendered Notes, the certificate number of the tendered Notes and a
statement that the Holder is withdrawing all or a portion of the tender; 
 (12) (i) if Notes in an aggregate
principal amount less than or equal to the purchase amount are duly tendered and not withdrawn pursuant to the Offer to Purchase, the Company will purchase all such Notes, and (ii) if the Offer to Purchase is for less than all of the
outstanding Notes and Notes in an aggregate principal amount in excess of the purchase amount are tendered and not withdrawn pursuant to the offer, the Company will purchase Notes having an aggregate principal amount equal to the purchase amount on
a pro rata basis, with adjustments so that only Notes in multiples of $1,000 principal amount will be purchased; 

(13) if any Note is purchased in part, new Notes equal in principal amount to the unpurchased portion of the Note will be
issued; and 
 (14) if any Note contains a CUSIP or ISIN number, no representation is being made as to the
correctness of the CUSIP or ISIN number either as printed on the Notes or as contained in the offer and that the Holder should rely only on the other identification numbers printed on the Notes. 

(c) Prior to the purchase date, the Company will accept tendered Notes for purchase as required by the Offer to Purchase and deliver to
the Trustee all Notes so accepted together with an Officers’ Certificate specifying which Notes have been accepted for purchase. On the purchase date the purchase price will become due and payable on each Note accepted for purchase, and
interest on Notes purchased will cease to accrue on and after the purchase date. The Trustee will promptly return to Holders any Notes not accepted for purchase and send to Holders new Notes equal in principal amount to any unpurchased portion of
any Notes accepted for purchase in part. 
 (d) The Company will comply with Rule 14e-1 under the Exchange Act and all other
applicable laws in making any Offer to Purchase, and the above procedures will be deemed modified as necessary to permit such compliance. 
 ARTICLE 4 
 COVENANTS 

Section 4.01. Payment Of Notes. (a) The Company agrees to pay the principal of and interest on the Notes on the dates
and in the manner provided in the Notes and this Indenture. Not later than 9:00 A.M. (New York City time) on the due date of any principal of or interest on any Notes, or any redemption or 

  
 44 

 
purchase price of the Notes, the Company will deposit with the Trustee (or Paying Agent) money in immediately available funds sufficient to pay such amounts, provided that if the Company
or any Affiliate of the Company is acting as Paying Agent, it will, on or before each due date, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such amounts until paid to such Holders or
otherwise disposed of as provided in this Indenture. In each case the Company will promptly notify the Trustee in writing of its compliance with this paragraph. 
 (b) An installment of principal or interest will be considered paid on the date due if the Trustee (or Paying Agent, other than the Company or any Affiliate of the Company) holds on that date money
designated for and sufficient to pay the installment. If the Company or any Affiliate of the Company acts as Paying Agent, an installment of principal or interest will be considered paid on the due date only if paid to the Holders. 

(c) The Company agrees to pay interest on overdue principal, and overdue installments of interest at the rate per annum specified in the
Notes. 
 (d) Payments in respect of the Notes represented by the Global Notes are to be made by wire transfer of immediately
available funds to the accounts specified by the Holders of the Global Notes. With respect to Certificated Notes, the Company will, in its sole discretion, make all payments by wire transfer of immediately available funds to the accounts specified
by the Holders thereof or by mailing a check to each Holder’s registered address. 
 (e) Notwithstanding anything to the
contrary contained in this Indenture, the Company may, to the extent it is required to do so by law, deduct or withhold income or other similar taxes imposed by the United States of America from principal or interest payments hereunder. 

Section 4.02. Maintenance of Office or Agency. The Company will maintain in the Borough of Manhattan, the City of New York,
an office or agency where Notes may be surrendered for registration of transfer or exchange or for presentation for payment and where notices and demands to or upon the Company in respect of the Notes and the Indenture may be served. The Company
hereby initially designates the Corporate Trust Office of the Trustee as such office of the Company. The Company will 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 fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served to the Trustee. 

The Company may also from time to time designate one or more other offices or agencies where the Notes may be surrendered or presented
for any of such purposes and may from time to time rescind such designations. The Company will 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.

  
 45 

 Section 4.03. Existence. The Company will do or cause to be done all things
necessary to preserve and keep in full force and effect its existence and the existence of each of its Restricted Subsidiaries in accordance with their respective organizational documents, and the material rights, licenses and franchises of the
Company and each Restricted Subsidiary, provided that the Company is not required to preserve any such right, license or franchise, or the existence of any Restricted Subsidiary, if (i) the maintenance or preservation thereof is no
longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries taken as a whole, (ii) the absence of such maintenance or preservation would not reasonably be expected to have a material adverse effect on the
financial condition or results of operations of the Company and its Restricted Subsidiaries taken as a whole or (iii) the Board of Directors of the Company determines in its sole discretion that such maintenance or preservation is not necessary
for any reason.; and provided further that this Section shall not prohibit any transaction otherwise permitted by Section 4.13 or Article 5. 
 Section 4.04. Payment of Taxes and other Claims. The Company will pay or discharge, and cause each of its Subsidiaries to pay or discharge before the same become delinquent (i) all
material taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary or its income or profits or property, and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law
become a Lien upon the property of the Company or any Subsidiary, other than any such tax, assessment, charge or claim the amount, applicability or validity of which is being contested in good faith by appropriate proceedings and for which adequate
reserves have been established. 
 Section 4.05. Maintenance of Properties. (a) The Company will cause all
properties used or useful in the conduct of its business or the business of any of its Restricted Subsidiaries to be maintained and kept in good condition, repair and working order as in the judgment of the Company may be necessary so that the
business of the Company and its Restricted Subsidiaries may be properly conducted at all times; provided that nothing in this Section prevents the Company or any Restricted Subsidiary from discontinuing the use, operation or maintenance of
any of such properties or disposing of any of them, if such discontinuance or disposal is, in the judgment of the Company, desirable in the conduct of the business of the Company and its Restricted Subsidiaries taken as a whole. 

Section 4.06. Limitation on Debt and Disqualified or Preferred Stock. (a) The Company 

(1) will not, and will not permit any of its Restricted Subsidiaries to, Incur any Debt; and 

  
 46 

 (2) (x) will not, and will not permit any Restricted Subsidiary to, Incur
any Disqualified Stock, and (y) will not permit any of its Restricted Subsidiaries to Incur any Preferred Stock (other than Disqualified or Preferred Stock of Restricted Subsidiaries held by the Company or a Restricted Subsidiary, so long as it
is so held); 
 provided that the Company or any Guarantor may Incur Debt and the Company or any Guarantor may Incur Disqualified Stock
and any Guarantor may Incur Preferred Stock if, on the date of the Incurrence, after giving effect to the Incurrence and the receipt and application of the proceeds therefrom, the Fixed Charge Coverage Ratio is not less than 2:1. 

(b) Notwithstanding the foregoing, the Company and, to the extent provided below, any Restricted Subsidiary may Incur the following
(“Permitted Debt”): 
 (1) Debt (“Permitted Bank Debt”) of the Company or any
Guarantor pursuant to Credit Facilities; provided that the aggregate principal amount at any time outstanding does not exceed $1.185 billion, less any amount of such Debt permanently repaid as provided under Section 4.13, and Guarantees
of such Debt by the Company or any Restricted Subsidiary (provided that such Restricted Subsidiary concurrently Guarantees the Notes) 
 (2) Debt of the Company owing to any Restricted Subsidiary or Debt of any Restricted Subsidiary owing to the Company or any other Restricted Subsidiary, in each case for so long as such Debt continues to
be owed to the Company or a Restricted Subsidiary, as the case may be provided that (x) if the obligor is the Company, such Debt is subordinated in right of payment to the Notes and (y) if the obligor is a Guarantor and the Company
or a Guarantor is not the obligee, such Debt is subordinated in right of payment to the Note Guaranty of such Guarantor; 
 (3) Debt of the Company pursuant to the Notes (other than Additional Notes) and Debt of any Guarantor pursuant to a Note Guaranty of the Notes (including Additional Notes); 

(4) Debt (“Permitted Refinancing Debt”) constituting an extension or renewal of, replacement of, or
substitution for, or issued in exchange for, or the net proceeds of which are used to repay, redeem, repurchase, refinance or refund, including by way of defeasance or discharge (all of the above, for purposes of this clause,
“refinance”) Debt then outstanding on the date of the Indenture or Incurred thereafter in compliance with the Indenture (including, subject to the limits below, (x) Debt of the Company that refinances Debt of any Restricted
Subsidiary, (y) Debt of any Restricted Subsidiary that refinances Debt of another 

  
 47 

 
Restricted Subsidiary or the Company and (z) Debt that refinances Permitted Refinancing Debt) in an amount not to exceed the principal amount of the Debt so refinanced, plus premiums, fees
and expenses; provided that 
 (A) in case the Debt to be refinanced is subordinated in right of payment
to the Notes, the new Debt, by its terms or by the terms of any agreement or instrument pursuant to which it is outstanding, is expressly made subordinate in right of payment to the Notes at least to the extent that the Debt to be refinanced is
subordinated to the Notes 
 (B) (a) if the Stated Maturity of the Debt being refinanced is earlier than the
Stated Maturity of the Notes, the Refinancing Debt has a Stated Maturity no earlier than the Stated Maturity of the Debt being refinanced or (b) if the Stated Maturity of the Debt being refinanced is later than the Stated Maturity of the Notes,
the Refinancing Debt has a Stated Maturity after the Stated Maturity of the Notes, 
 (C) the Average Life of the
new Debt is at least equal to the remaining Average Life of the Debt to be refinanced, 
 (D) in no event may
Debt of the Company or any Guarantor be refinanced pursuant to this clause by means of any Debt of any Restricted Subsidiary that is not a Guarantor, and 
 (E) Debt Incurred pursuant to clause (1), (2), (5), (6), (9), (10), (11), (12), (13), (14), (15) (16), (17) or (19) may not be refinanced pursuant to this clause; 

(5) Hedging Agreements of the Company or any Restricted Subsidiary entered into in the ordinary course of business for the
purpose of limiting risks associated with the business (including the Debt) of the Company and its Restricted Subsidiaries and not for speculation; 
 (6) Debt of the Company or any Restricted Subsidiary with respect to (A) letters of credit and bankers’ acceptances issued in the ordinary course of business and not supporting Debt, including
letters of credit supporting performance, surety or appeal bonds or (B) indemnification, adjustment of purchase price or similar obligations Incurred in connection with the acquisition or disposition of any business or assets; 

  
 48 

 (7) Acquired Debt, provided that after giving effect to the
Incurrence thereof and the related acquisition, (i) the Company could incur at least $1.00 of Debt under the Fixed Charge Coverage Ratio under paragraph (a) of this Section 4.06 or (ii) the Fixed Charge Coverage Ratio for the
Company and its Restricted Subsidiaries would be greater than such ratio for the Company and its Restricted Subsidiaries immediately prior to such Incurrence; 
 (8) Debt of the Company or any Restricted Subsidiary outstanding on the Issue Date (and, for the purposes of clause (4) (E), not otherwise constituting Permitted Debt); 

(9) Debt of the Company or any Restricted Subsidiary, which may include Capital Leases, Incurred on or after the Issue
Date no later than one year after the date of purchase or completion of construction or improvement of property or assets or the acquisition of the Capital Stock of any Person that owns such property or assets for the purpose of financing or
refinancing all or any part of the purchase price, leasing cost or cost of construction or improvement, and any Debt Incurred to refinance such Debt, in an aggregate principal amount not to exceed the greater of (i) $50.0 million and
(ii) 2.0% of Total Assets at any time outstanding; 
 (10) Debt of (x) the Company or any Guarantor
consisting of Guarantees of Debt of the Company or any Guarantor or (y) any Non-Guarantor Restricted Subsidiary consisting of Guarantees of Debt of another Non-Guarantor Restricted Subsidiary, in each case Incurred under any other clause
(including, without limitation, paragraph (a)) of this Section 4.06; 
 (11) Debt Incurred by the Company or
any Restricted Subsidiary representing deferred compensation to employees of the Company or a Restricted Subsidiary Incurred (x) in the ordinary course of business or (y) in connection with any acquisition permitted by the Indenture;

 (12) Debt consisting of promissory Notes issued by the Company or any Restricted Subsidiary to future, present
or former directors, officers, members of management, employees or consultants of the Company or any of its Subsidiaries or their respective estates, heirs, family members, spouses or former spouses to finance the purchase or redemption of Equity
Interests of the Company permitted by Section 4.07; 
 (13) Debt arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business, provided, however, that such Debt is extinguished within five
business days of Incurrence; 

  
 49 

 (14) Debt of the Company or any Restricted Subsidiary supported by a letter
of credit issued pursuant to Credit Facilities that is Incurred under clause (b)(1) of this Section 4.06, in a principal amount not in excess of the stated amount of such letter of credit; 

(15) Debt Consisting of the financing of insurance premiums in the ordinary course of business; 

(16) Debt in respect of Cash Management Practices; 

(17) Debt Incurred in the ordinary course of business by the Exchange Companies in connection with “1031
exchange” transactions under Section 1031 of the Code (or regulations promulgated thereunder, including Revenue Procedure 2000-37) that is limited in recourse to the properties (real or personal) which are the subject of such “1031
exchange” transactions (collectively, the “Specified Non-Recourse Indebtedness”); 
 (18)
Debt of the Company or any Restricted Subsidiary Incurred on or after the Issue Date not otherwise permitted in an aggregate principal amount at any time outstanding, including any Permitted Refinancing Debt in respect thereof, not to exceed the
greater of (i) $75.0 million and (ii) 3.0% of Total Assets; and 
 (19) Debt arising from adjustment of
purchase price, earnouts or similar obligations, in each case, incurred or assumed in connection with the disposition of any business, assets or a Subsidiary; provided that such Debt is not reflected on the balance sheet of the Company or any
of its Restricted Subsidiaries (contingent obligations referred to in a footnote to financial statements and not otherwise reflected on the balance sheet will not be deemed to be reflected on such balance sheet for the purposes of this clause (19)).

 (c) For purposes of determining compliance with this Section 4.06 in the event that an item of Debt meets the criteria
of more than one of the categories of Permitted Debt described in clauses (1) through (19) under clause (b) of this Section 4.06 or is entitled to be Incurred pursuant to under clause (a) of this Section 4.06, the
Company shall, in its sole discretion, classify or reclassify, or later divide, classify or reclassify, such item of Debt in any manner that complies with this Section 4.06 and may include the amount and type of such Debt in one or more of such
clauses (including in part under one such clause and in part under another such clause) and only be required to include the amount and type of such Debt in one of such clauses; provided that all Debt under the Credit Agreement outstanding on
the Issue Date shall be deemed to have been Incurred pursuant to clause (1) under clause (b) of this Section 4.06 and the Company shall not be permitted to reclassify all or any portion of such Debt under the Credit Agreement
outstanding on the Issue Date. 

  
 50 

 (d) For purposes of determining compliance with any U.S. dollar-denominated restriction on
the Incurrence of Debt, the U.S. dollar-equivalent principal amount of Debt denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Debt was Incurred, in the case of term Debt, or
first committed, in the case of revolving credit Debt; provided that if such Debt is Incurred to refinance other Debt denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be
exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Debt does
not exceed the principal amount of such Debt being refinanced. Notwithstanding any other provision of this Section 4.06, the maximum amount of Debt that the Company may Incur pursuant to this covenant shall not be deemed to be exceeded solely
as a result of fluctuations in the exchange rate of currencies. The principal amount of any Debt Incurred to refinance other Debt, if Incurred in a different currency from the Debt being refinanced, shall be calculated based on the currency exchange
rate applicable to the currencies in which such refinancing Debt is denominated that is in effect on the date of such refinancing. 
 (e) Notwithstanding anything contained herein, neither the Company nor any Guarantor may Incur any Debt that is subordinate in right of payment to other Debt of the Company or the Guarantor unless such
Debt is also subordinate in right of payment to the Notes or the relevant Note Guaranty on substantially identical terms. (1) Unsecured Debt will not be treated as subordinated or junior to secured Debt merely because it is unsecured and
(2) senior Debt will not be treated as subordinated or junior to any other senior Debt merely because it has a junior priority with respect to the same collateral or by virtue of the fact that the holders of such senior Debt have entered into
intercreditor or other arrangements giving one or more of such holders priority over the other holders in the collateral held by them. 
 Section 4.07. Limitation on Restricted Payments. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly (the payments and other actions
described in the following clauses being collectively “Restricted Payments”): 
 (i) declare or
pay any dividend or make any distribution on its Equity Interests (other than dividends or distributions paid in the Company’s Qualified Equity Interests) held by Persons other than the Company or any of its Restricted Subsidiaries; 

  
 51 

 (ii) purchase, redeem or otherwise acquire or retire for value any Equity
Interests of the Company or any Restricted Subsidiary held by Persons other than the Company or any of its Restricted Subsidiaries; 
 (iii) repay, redeem, repurchase, defease or otherwise acquire or retire for value, or make any payment on or with respect to, any Subordinated Debt except a payment of interest or principal at Stated
Maturity (other than (x) Debt of the Company owing to and held by any Guarantor or Debt of a Guarantor owing to and held by the Company or any other Guarantor permitted under Section 4.06(b)(2) or (y) a purchase, repurchase,
redemption, defeasance or other acquisition or retirement for value 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 acquisition or retirement); or

 (iv) make any Investment other than a Permitted Investment; 

unless, at the time of, and after giving effect to, the proposed Restricted Payment: 

(1) no Default has occurred and is continuing, 

(2) the Company could Incur at least $1.00 of Debt under the Fixed Charge Coverage Ratio test set forth in paragraph
(a) of Section 4.06, and 
 (3) the aggregate amount expended for all Restricted Payments (the amount
so expended, if other than in cash, to be as determined in good faith by the Board of Directors, whose determination shall be conclusive and evidenced by a resolution of the Board of Directors) made on or after the Issue Date would not, subject to
paragraph (c), exceed the sum of 
 (A) 50% of the aggregate amount of the Consolidated Net Income (or, if the
Consolidated Net Income is a loss, minus 100% of the amount of the loss) accrued on a cumulative basis during the period, taken as one accounting period, beginning on July 1, 2008 and ending on the last day of the Company’s most recently
completed fiscal quarter for which internal financial statements are available, plus 
 (B) subject to paragraph
(c), the aggregate net cash proceeds and the fair value (as determined in good faith by the Board of Directors) of property or assets received (x) by the Company as capital contributions to the Company (other than from a Subsidiary) after the
Issue Date or (y) by the Company (other than from a Subsidiary) after the Issue Date from the issuance and 

  
 52 

 
sale of its Qualified Equity Interests, including by way of issuance of its Disqualified Equity Interests or Debt to the extent since converted or exchanged into Qualified Equity Interests of the
Company, plus 
 (C) an amount equal to the sum, for all Unrestricted Subsidiaries, of the following: 

(x) the cash return, after the Issue Date, on Investments in an Unrestricted Subsidiary made after the Issue Date
pursuant to this paragraph (a) as a result of dividends, distributions, cancellation of indebtedness for borrowed money owed by the Company or any Restricted Subsidiary to an Unrestricted Subsidiary, interest payments, return of capital,
repayments of Investments or other transfers of assets to the Company or any Restricted Subsidiary from any Unrestricted Subsidiary, any sale for cash, repayment, redemption, liquidating distribution or other cash realization (not included in
Consolidated Net Income), plus 
 (y) the portion (proportionate to the Company’s equity interest in such
Subsidiary) of the fair market value of the assets less liabilities of an Unrestricted Subsidiary at the time such Unrestricted Subsidiary is designated a Restricted Subsidiary, not to exceed, in the case of any Unrestricted Subsidiary, the amount
of Investments made after the Issue Date by the Company and its Restricted Subsidiaries in such Unrestricted Subsidiary pursuant to this paragraph (a), plus 
 (D) the cash return, after the Issue Date, on any other Investment made after the Issue Date pursuant to this paragraph (a), as a result of any sale for cash, repayment, redemption, liquidating
distribution or other cash realization (not included in Consolidated Net Income), not to exceed the amount of such Investment so made. 
 The amount expended in any Restricted Payment, if other than in cash, will be deemed to be the fair market value of the relevant non-cash assets, as determined in good faith by the Board of Directors,
whose determination will be conclusive and evidenced by a Board Resolution. 

  
 53 

 (b) The foregoing will not prohibit any of the following: 

(1) the payment of any dividend, the making of any distribution or the redemption of any securities within 60 days after
the date of declaration thereof or the giving of formal notice by the Company of such redemption if, at the date of declaration, such payment, distribution or redemption would comply with paragraph (a) of this Section 4.07; 

(2) dividends or distributions by a Restricted Subsidiary payable, on a pro rata basis or on a basis more favorable to the
Company, to all holders of any class of Capital Stock of such Restricted Subsidiary a majority of which is held, directly or indirectly through Restricted Subsidiaries, by the Company; 

(3) the repayment, redemption, repurchase, defeasance or other acquisition or retirement for value of Subordinated Debt
with the proceeds of, or in exchange for, Permitted Refinancing Debt; 
 (4) the purchase, redemption or other
acquisition or retirement for value of Equity Interests of the Company or any Restricted Subsidiary in exchange for, or out of the proceeds of a substantially concurrent offering of, Qualified Equity Interests of the Company or a substantially
concurrent capital contribution to the Company; 
 (5) the repayment, redemption, repurchase, defeasance or other
acquisition or retirement of Subordinated Debt of the Company in exchange for, or out of the proceeds of, a substantially concurrent offering of, Qualified Equity Interests of the Company or a substantially concurrent capital contribution to the
Company; 
 (6) any Investment made in exchange for, or out of the net cash proceeds of, a substantially
concurrent offering of Qualified Equity Interests of the Company or a substantially concurrent capital contribution to the Company; 
 (7) the purchase, redemption or other acquisition or retirement for value of Equity Interests of the Company held by any future, present or former officers, directors, employees, members of management or
consultants (or their heirs, family members, spouses, former spouses or their estates or other beneficiaries under their estates), upon death, disability, retirement, severance or termination of employment or pursuant to any agreement under which
the Equity Interests were issued; provided that the aggregate cash consideration paid therefor in any calendar year after the Issue Date does not exceed an aggregate amount of $20.0 million; 

(8) the declaration and payment of cash dividends on any Disqualified Stock of the Company or a Restricted Subsidiary or
Preferred Stock of a Restricted Subsidiary Incurred after the Issue Date in compliance with Section 4.06; 

  
 54 

 (9) the repurchase of any Subordinated Debt at a purchase price not greater
than 101% of the principal amount thereof in the event of (x) a change of control pursuant to a provision no more favorable to the holders thereof than Section 4.12 or (y) an Asset Sale pursuant to a provision no more favorable to the
holders thereof than Section 4.13, provided that, in each case, prior to the repurchase the Company has made an Offer to Purchase and repurchased all Notes issued under the Indenture that were validly tendered for payment in connection
with the offer to purchase; 
 (10) repurchases of Qualified Equity Interests deemed to occur upon exercise of
stock options or warrants if such Qualified Equity Interests represent a portion of the exercise price of such options or warrants; 
 (11) cash payments in lieu of issuing fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Qualified Equity Interests of the
Company and the Restricted Subsidiaries; 
 (12) repurchases by the Company or any Restricted Subsidiary of
Equity Interests or other ownership interests that were not theretofore owned by the Company or a Subsidiary of the Company in any Restricted Subsidiary; 
 (13) dividends on common stock not to exceed $40.0 million in any one calendar year; 
 (14) any other Restricted Payment, which together with all other Restricted Payments made pursuant to this clause (14) on or after the Issue Date, does not exceed the greater of (i) $75.0
million and (ii) 3.0% of Total Assets (net of, with respect to the Investment in any particular Person made pursuant to this clause, the cash return thereon received after the Issue Date as a result of any sale for cash, repayment, redemption,
liquidating distribution or other cash realization (not included in Consolidated Net Income) not to exceed the amount of such Investments in such Person made after the Issue Date in reliance on this clause); 

provided that, in the case of clauses (6), (7), (8) and (13) no Default has occurred and is continuing or would occur as a result
thereof. 

  
 55 

 (c) Proceeds of the issuance of Qualified Equity Interests will be included under clause
(3) of paragraph (a) only to the extent they are not applied as described in clause (4), (5) or (6) of paragraph (b). Restricted Payments permitted pursuant to clause (2), (3), (4), (5), (6), (8), (9), (10), (11), (12),
(13) or (14) will not be included in making the calculations under clause (3) of paragraph (a). 

Section 4.08. Limitation on Liens. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly
or indirectly, Incur or permit to exist any Lien of any nature whatsoever on any of its properties or assets, whether owned at the Issue Date or thereafter acquired, other than Permitted Liens, without effectively providing that the Notes or, in
respect of Liens on any Restricted Subsidiary’s property or assets, any Note Guaranty of such Restricted Subsidiary, are secured equally and ratably with (or, if the obligation to be secured by the Lien is subordinated in right of payment to
the Notes or any Note Guaranty, prior to) the obligations so secured for so long as such obligations are so secured. 
 (b) Any
such Lien shall be automatically and unconditionally released and discharged in all respects upon (i) the release and discharge of the other Lien to which it relates (except a release and discharge upon payment of the obligation secured by such
Lien during the pendency of any Default or Event of Default under the Indenture, in which case such Liens shall only be discharged and released upon payment of the Notes or cessation of such Default or Event of Default), (ii) in the case of any
such Lien in favor of any such Note Guaranty, upon the termination and discharge of such Note Guaranty in accordance with the terms of the Indenture or (iii) any sale, exchange or transfer (other than a transfer constituting a transfer of all
or substantially all of the assets of the Company that is governed by Section 5.01) in compliance with the Indenture to any Person (not an Affiliate of the Company) of the property or assets secured by such initial Lien, or of all of the
Capital Stock held by the Company or any Restricted Subsidiary in, or all or substantially all the assets of, any Restricted Subsidiary creating such initial Lien). 
 Section 4.09. Limitation on Sale and Leaseback Transactions. The Company will not, and will not permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction with respect
to any property or asset unless the Company or the Restricted Subsidiary would be entitled to 
 (A) Incur Debt
in an amount equal to the Attributable Debt with respect to such Sale and Leaseback Transaction pursuant to Section 4.06, and 
 (B) create a Lien on such property or asset securing such Attributable Debt pursuant to Section 4.08, 
 in which case, the corresponding Debt and Lien will be deemed Incurred pursuant to those provisions. 

  
 56 

 Section 4.10. Limitation on Dividend and other Payment Restrictions Affecting
Restricted Subsidiaries. (a) Except as provided in paragraph (b), the Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or
restriction of any kind on the ability of any Restricted Subsidiary to 
 (1) pay dividends or make any other
distributions on any Equity Interests of the Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, 
 (2) pay any Debt or other obligation owed to the Company or any other Restricted Subsidiary, 
 (3) make loans or advances to the Company or any other Restricted Subsidiary, or 
 (4) transfer any of its property or assets to the Company or any other Restricted Subsidiary. 
 (b) The provisions of paragraph (a) do not apply to any encumbrances or restrictions 
 (1) existing on the Issue Date in the Credit Agreement, the Indenture or any other agreements or instruments in effect on the Issue Date, and any extensions, renewals, replacements or refinancings of any
of the foregoing; provided the encumbrances and restrictions in the extension, renewal, replacement or refinancing are, taken as a whole, not materially less favorable to the Noteholders than the encumbrances or restrictions being extended,
renewed, replaced or refinanced; 
 (2) existing under or by reason of applicable law, rule, regulation or
order, or required by any regulatory authority having jurisdiction over the Company or any Restricted Subsidiary or any of their businesses; 
 (3) existing (including, without limitation, as part of the terms of any Acquired Debt) 
 (A) with respect to any Person, or to the property or assets of any Person, at the time the Person is acquired by the Company or any Restricted Subsidiary, or 

(B) with respect to any Unrestricted Subsidiary at the time it is designated or is deemed to become a Restricted
Subsidiary, 

  
 57 

 which encumbrances or restrictions (i) are not applicable to any other Person or the
property or assets of any other Person and (ii) were not put in place in anticipation of such event, and any extensions, renewals, replacements or refinancings of any of the foregoing, provided the encumbrances and restrictions in the
extension, renewal, replacement or refinancing are, taken as a whole, not materially less favorable to the Noteholders than the encumbrances or restrictions being extended, renewed, replaced or refinanced; 

(4) (A) 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 lease, license or other contract, (B) by virtue of any transfer of, agreement to transfer, option or right with respect to, or Lien on, any property or assets
of the Company or any Restricted Subsidiary not otherwise prohibited by the Indenture, (C) contained in mortgages, pledges or other security agreements securing Debt of a Restricted Subsidiary (permitted by the Indenture) to the extent
restricting the transfer of the property or assets subject thereto, (D) pursuant to customary provisions restricting dispositions of real property interests set forth in any reciprocal easement agreements of the Company or any Restricted
Subsidiary, (E) pursuant to purchase money obligations or Capital Lease obligations (permitted by the Indenture) that impose encumbrances or restrictions on the property or assets so acquired, (F) on cash or other deposits or net worth
imposed by customers or suppliers under agreements entered into in the ordinary course of business, (G) pursuant to customary provisions contained in agreements, including, without limitation, any joint venture agreements, and instruments
entered into in the ordinary course of business (including but not limited to leases, sale and leaseback agreements, asset sale agreements and joint venture and other similar agreements entered into in the ordinary course of business), or
(H) pursuant to customary provisions in Hedging Agreements, permitted by the Indenture; 
 (5) with respect
to a Restricted Subsidiary (or any of its property or assets) and imposed pursuant to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock of, or property and assets of, the Restricted
Subsidiary that is permitted by Section 4.13; 
 (6) contained in the terms governing any Permitted
Refinancing Debt if (as determined in good faith by the Board of Directors) the encumbrances or restrictions are, taken as a whole, no less favorable in any material respect to the Noteholders than those contained in the agreements governing the
Debt being refinanced; 

  
 58 

 (7) any customary encumbrances or restrictions contained in (i) any
Credit Facilities extended to any Foreign Subsidiary of the Company permitted to be Incurred under the Indenture or (ii) Debt, Preferred Stock or Disqualified Stock permitted to be Incurred under the Indenture; provided that the Board of
Directors determines in good faith that such restrictions will not have a material adverse effect on the Company’s ability to pay principal and interest on the Notes; 

(8) any customary restrictions imposed in connection with a Securitization Financing; or 

(9) required pursuant to the Indenture. 
 Section 4.11. Guaranties by Restricted Subsidiaries. If any Domestic Restricted Subsidiary Guarantees any Debt under the Credit Agreement after the date of the Indenture, the Restricted
Subsidiary must provide a Note Guaranty, and, if the Guaranteed Debt is Subordinated Debt, the Guarantee of such Guaranteed Debt must be subordinated in right of payment to the Note Guaranty to at least the extent that the Guaranteed Debt is
subordinated to the Notes. 
 A Restricted Subsidiary required to provide a Note Guaranty shall execute a supplemental indenture
in the form of Exhibit B. 
 Section 4.12. Repurchase of Notes Upon a Change of Control. (a) Not later
than 30 days following a Change of Control, the Company will make an Offer to Purchase (a “Change of Control Offer”) all outstanding Notes at a purchase price equal to 101% of the principal amount plus accrued interest to the date
of purchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date); provided, however, that the Company shall not be obligated to repurchase Notes
pursuant to this Section 4.12 in the event that it has exercised its right to redeem all of the Notes as described in Section 3.01 as set forth in paragraph (b) below. 

(b) The Company will not be required to make a Change of Control Offer upon a Change of Control if (i) 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 the Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and not withdrawn
under such Change of Control Offer, or (ii) notice of redemption has been given pursuant to the Indenture as described in Section 3.01, unless and until there is a default of the applicable redemption price. A Change of Control Offer may
be made in advance of a Change of Control, with the obligation to pay and the timing of payment conditioned upon the consummation of the Change of Control, if a definitive agreement to effect a Change of Control is in place at the time of the Change
of Control Offer. 

  
 59 

 Section 4.13. Limitation on Asset Sales. (a) The Company will not, and
will not permit any Restricted Subsidiary to, make any Asset Sale unless the following conditions are met: 
 (1)
The Asset Sale is for fair market value, as determined in good faith by the Board of Directors. 
 (2) At least
75% of the consideration consists of cash or Cash Equivalents received at closing. (For purposes of this clause (2), (A) the assumption by the purchaser of Debt or other obligations (other than Subordinated Debt) of the Company or a Restricted
Subsidiary pursuant to a customary novation agreement, and instruments or securities received from the purchaser that are promptly, but in any event within 30 days of the closing, converted by the Company to cash or Cash Equivalents, to the extent
of the cash or Cash Equivalents actually so received, shall be considered cash received at closing and (B) any Designated Non-cash Consideration received by the Issuer or any of its Restricted Subsidiaries in such Asset Sale having an aggregate
Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (B) that is at that time outstanding, not to exceed the greater of (x) 75.0 million and (y) 3.0% of Total Assets, at
the time of the receipt of such Designated Non-cash Consideration (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).

 (3) Within 360 days after the receipt of any Net Cash Proceeds from an Asset Sale, the Net Cash Proceeds may
be used 
 (A) to permanently repay secured Debt (and in the case of a revolving credit, permanently reduce the
commitment thereunder by such amount), in each case owing to a Person other than the Company or any Restricted Subsidiary, 
 (B) to (i) reduce the Obligations under the Notes as provided under Section 3.01, (ii) to repurchase, acquire, redeem, defease, discharge or retire in any manner the Notes through open
market purchases (provided that the purchase price is at least 100% of the principal amount plus accrued interest), (iii) to reduce Obligations under the Notes and any Obligations under any Debt ranking pari passu in right of payment with the
Notes (“pari passu Debt”) by making an Offer to Purchase the Notes and any pari passu Debt in the manner described in clause (4) below, or (iv) to repurchase, acquire, redeem, defease, discharge or retire in any manner any Debt,
Disqualified Stock or Preferred Stock of any Restricted Subsidiary that is not a Guarantor, or 

  
 60 

 (C) to acquire all or substantially all of the assets of a Permitted
Business, or a majority of the Voting Stock of another Person that thereupon becomes a Restricted Subsidiary engaged in a Permitted Business, or to make capital expenditures or otherwise acquire assets that are being used or to be used in a
Permitted Business, provided that a binding commitment entered into not later than such 360th day shall extend the period for such acquisition or investment for an additional 180 days after the end of such 360-day period so long as the
Company or the applicable Restricted Subsidiary enters into such commitment with the good faith expectation that such Net Cash Proceeds will be applied to satisfy such commitment within such 180 day period and, in the event such commitment is
cancelled or terminated or for any reason such Net Cash Proceeds are not so applied within such period, then such Net Cash Proceeds shall constitute Excess Proceeds on such 180th day; 

provided that pending the final application of any such Net Cash Proceeds in accordance with clause (A), (B) or
(C) above, the Company and its Restricted Subsidiaries may temporarily reduce Debt or otherwise invest such Net Cash Proceeds in any manner not prohibited by the Indenture. 

(4) The Net Cash Proceeds of an Asset Sale not applied pursuant to clause (3) within 360 days after the receipt of
any Net Cash Proceeds from such Asset Sale (or such later date as permitted in paragraph (a)(3)(C) of this Section 4.13) constitute “Excess Proceeds”. Excess Proceeds of less than $15.0 million will be carried forward and accumulated.
When accumulated Excess Proceeds equals or exceeds $15.0 million, the Company must, within 30 days, make an Offer to Purchase Notes having a principal amount equal to (the “purchase amount”) 

(A) accumulated Excess Proceeds, multiplied by 

(B) a fraction (x) the numerator of which is equal to the outstanding principal amount of the Notes and (y) the
denominator of which is equal to the outstanding principal amount of the Notes and all pari passu Debt similarly required to be repaid, redeemed or tendered for in connection with the Asset Sale, 

rounded down to the nearest $1,000. The purchase price for the Notes will be 100% of the principal amount plus accrued interest to the
date of purchase. Upon completion of the Offer to Purchase, Excess Proceeds will be reset at zero, and any Excess Proceeds remaining after consummation of the Offer to Purchase may be used for any purpose not otherwise prohibited by the Indenture.

  
 61 

 Section 4.14. Limitation on Transactions with Shareholders and Affiliates.
(a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into, renew or extend any transaction or arrangement including the purchase, sale, lease or exchange of property or assets, or the
rendering of any service with any Affiliate of the Company or of any Restricted Subsidiary involving aggregate payments or consideration in excess of $5.0 million (each such person, a “Related Person” and, each such transaction, a
“Related Party Transaction”), except upon fair and reasonable terms no less favorable to the Company or the Restricted Subsidiary than could be obtained in a comparable arm’s-length transaction with a Person that is not an
Affiliate of the Company. 
 (b) Any Related Party Transaction or series of Related Party Transactions with an aggregate value
in excess of $35.0 million must first be approved by a majority of the Board of Directors who are disinterested in the subject matter of the transaction pursuant to a Board Resolution delivered to the trustee. 

(c) The foregoing paragraphs do not apply to any of the following transactions: 

(1) any transaction between the Company and any of its Restricted Subsidiaries or between Restricted Subsidiaries of the
Company; 
 (2) the payment of reasonable and customary fees to directors of the Company who are not employees of
the Company; 
 (3) any Restricted Payment permitted to be paid pursuant to Section 4.07 or any Permitted
Payment or Permitted Investment; 
 (4) (a) the entering into, maintaining or performance of any employment
contract, collective bargaining agreement, benefit plan, program or arrangement, related trust agreement or any other similar arrangement for or with any employee, officer or director heretofore or hereafter entered into in the ordinary course of
business, including vacation, health, insurance, deferred compensation, severance, retirement, savings or other similar plans, programs or arrangements, (b) the payment of compensation, performance of indemnification or contribution
obligations, or any issuance, grant or award of stock, options, other equity-related interests or other securities, to employees, officers or directors in the ordinary course of business, (c) the payment of reasonable fees to directors of the
Company or any of its Restricted Subsidiaries (as determined in good faith by the Company or such Subsidiary) or (d) to the extent permitted by law, loans or advances made to directors, officers or employees of the Company or any Restricted
Subsidiary (x) in respect of 

  
 62 

 
travel, entertainment or moving-related expenses Incurred in the ordinary course of business, or (y) in the ordinary course of business and (in the case of this clause (y)) not exceeding
$10.0 million in the aggregate outstanding at any time; 
 (5) transactions pursuant to any contract, agreement
or instrument in effect on the date of this Indenture, as amended, modified or replaced from time to time so long as the amended, modified or new agreements, taken as a whole, are no less favorable to the Company and its Restricted Subsidiaries than
those in effect on the date of this Indenture; 
 (6) transactions with Persons solely in their capacity as
holders of a minority of any class of Debt or Capital Stock of the Company or any of its Restricted Subsidiaries, where such Persons are treated no more favorably than holders of such class of Debt or Capital Stock of the Company or such Restricted
Subsidiary generally; 
 (7) transactions with customers, clients, suppliers, or purchasers or sellers of goods
or services in the ordinary course of business and consistent with past business practices and approved by the Board of Directors; 
 (8) sales of Capital Stock (other than Disqualified Stock) of the Company or any capital contribution to the Company; 

(9) any transaction with any Person who is not a Related Party immediately before the consummation of such transaction
that becomes a Related Party as a result of such transaction; 
 (10) transactions in which the Company obtains a
favorable written opinion from a nationally recognized investment banking firm as to the fairness of the transaction to the Company and its Restricted Subsidiaries from a financial point of view; 

(11) the granting or performance of registration rights under a customary registration rights agreement; or 

(12) any transaction with a Securitization Vehicle as part of a Securitization Financing permitted under the Indenture.

 Section 4.15. Designation of Restricted and Unrestricted Subsidiaries. (a) The Board of Directors may
designate any Subsidiary, including a newly acquired or created Subsidiary or a Person becoming a Subsidiary through merger or consolidation or Investment therein, to be an Unrestricted Subsidiary if it meets the following qualifications and the
designation would not cause a Default. 

  
 63 

 (1) Such Subsidiary does not own any Capital Stock of the Company or any
Restricted Subsidiary (other than a Restricted Subsidiary that is contemporaneously being designated as an Unrestricted Subsidiary) or hold any Debt of, or any Lien on any property of, the Company or any Restricted Subsidiary (except to the extent
permitted by the Indenture); and 
 (2) At the time of designation, the designation would be permitted under
Section 4.07. 
 (3) To the extent the Debt of the Subsidiary is not Non-Recourse Debt, any Guarantee or
other credit support thereof by the Company or any Restricted Subsidiary is permitted under Section 4.06 and Section 4.07. 
 (4) The Subsidiary is not party to any transaction or arrangement with the Company or any Restricted Subsidiary that would not be permitted under Section 4.14. 

(5) Neither the Company nor any Restricted Subsidiary has any obligation to subscribe for additional Equity Interests of
the Subsidiary or to maintain or preserve its financial condition or cause it to achieve specified levels of operating results except to the extent permitted by Section 4.06 and Section 4.07. 

Once so designated the Subsidiary will remain an Unrestricted Subsidiary, subject to paragraph (b). 

(b) (1) A Subsidiary previously designated an Unrestricted Subsidiary which at any time fails to meet the qualifications set forth
in paragraph (a) will be deemed to become at that time a Restricted Subsidiary, subject to the consequences set forth in paragraph (d). 
 (2) The Board of Directors may designate an Unrestricted Subsidiary to be a Restricted Subsidiary if the designation would not cause a Default. 

(c) Upon a Restricted Subsidiary becoming an Unrestricted Subsidiary, 

(1) all existing Investments of the Company and the Restricted Subsidiaries therein (valued at the Company’s
proportional share of the fair market value of its assets less liabilities) will be deemed made at that time; 

(2) all existing Capital Stock or Debt of the Company or a Restricted Subsidiary held by it will be deemed Incurred at
that time, and all Liens on property of the Company or a Restricted Subsidiary held by it will be deemed Incurred at that time; 

  
 64 

 (3) all existing transactions between it and the Company or any Restricted
Subsidiary will be deemed entered into at that time; 
 (4) it is released at that time from its Note Guaranty,
if any; and 
 (5) it will cease to be subject to the provisions of the Indenture as a Restricted Subsidiary.

 (d) Upon an Unrestricted Subsidiary becoming, or being deemed to become, a Restricted Subsidiary, 

(1) all of its Debt and Disqualified or Preferred Stock will be deemed Incurred at that time for purposes of
Section 4.06, but will not be considered the sale or issuance of Equity Interests for purposes of Section 4.13; 
 (2) Investments therein previously charged under Section 4.07 will be credited thereunder; 
 (3) it may be required to issue a Note Guaranty of the Notes pursuant to Section 4.11; and 
 (4) it will thenceforward be subject to the provisions of the Indenture as a Restricted Subsidiary. 
 (e) Any designation by the Board of Directors of a Subsidiary as a Restricted Subsidiary or Unrestricted Subsidiary will be evidenced to the Trustee by promptly filing with the Trustee a copy of the Board
Resolution giving effect to the designation and an Officer’s Certificate certifying that the designation complied with the foregoing provisions. 
 Section 4.16. Financial Reports. (a) Whether or not the Company is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company must provide the
Trustee and Noteholders within the time periods (including any extension periods under Rule 12b-25 of the Exchange Act) specified in those sections with 
 (1) all quarterly and annual financial information that would be required to be contained in a filing with the SEC on Forms 10-Q and 10-K if the Company were required to file such forms, including a
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” and, with respect to annual information only, a report thereon by the Company’s certified independent accountants, and 

  
 65 

 (2) all current reports that would be required to be filed with the SEC on
Form 8-K if the Company were required to file such reports; 
 provided, however, that the reports set forth in clauses (1) and
(2) above shall not be required to: (x) contain any certification required by any such form or the Sarbanes-Oxley Act of 2002, (y) include separate financial statements of any Guarantor or (z) include any exhibit. 

In addition, whether or not required by the SEC, the Company will, if the SEC will accept the filing, file a copy of all of the
information and reports referred to in clauses (1) and (2) with the SEC for public availability within the time periods specified in the SEC’s rules and regulations. If the Company had any Unrestricted Subsidiaries during the relevant
period and the consolidated EBITDA of all Unrestricted Subsidiaries taken together exceeds 5% of the consolidated EBITDA of the Company and its Subsidiaries, then the Company will also provide to the Trustees and the Noteholders information
sufficient to ascertain the financial condition and results of operations of the Company and its Restricted Subsidiaries, excluding in all respects the Unrestricted Subsidiaries. 

(b) All obligors on the Notes will comply with Section 314(a) of the Trust Indenture Act. 

(c) Delivery of these reports and information to the Trustee is for informational purposes only and the Trustee’s receipt of them
will not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely
exclusively on Officers’ Certificates). 
 (d) For purposes of this Section 4.16, the Company will be deemed to have
furnished all required reports and information referred to in this Section 4.16 to the Trustee, the holders of Notes, securities analysts or prospective investors as required by this Section 4.16 if it has filed the reports referred to in
paragraph (a) with the SEC via the EDGAR filing system and such reports are publicly available. 
 (e) Notwithstanding
anything herein to the contrary, the Company will not be deemed to have failed to comply with any of its agreements set forth under this Section 4.16 for purposes of clause (4) of Section 6.01 and such failure shall not constitute a
“Default” until 60 days after the date any report required to be provided by this Section 4.16 is due. 

Section 4.17. Reports to Trustee. (a) The Company will deliver to the Trustee within 120 days after the end of each
fiscal year a certificate stating that the Company has fulfilled its obligations hereunder or, if there has been a Default, specifying the Default and its nature and status. 

  
 66 

 (b) The Company will deliver to the Trustee, as soon as possible and in any event within 30
days after the Company becomes actually aware of the occurrence of a Default, an Officers’ Certificate setting forth the details of the Default, and the action which the Company proposes to take with respect thereto. 

(c) The Company will notify the Trustee in writing when any Notes are listed on any national securities exchange and of any delisting.

 Section 4.18. Suspension of Certain Covenants when Notes Rated Investment Grade. (a) During any period of
time that: (i) the Notes have an Investment Grade Rating from either Rating Agency and (ii) no Default or Event of Default has occurred and is continuing under the Indenture (the occurrence of the events described in the foregoing clauses
(i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and the Restricted Subsidiaries will not be subject to Section 4.06, Section 4.07, Section 4.10, Section 4.13,
Section 4.14 and paragraph (3) of Section 5.01(a) (collectively, the “Suspended Covenants”). 

(b) Upon the occurrence of a Covenant Suspension Event, the amount of Net Cash Proceeds that have not been invested or applied as
provided under Section 4.13 shall be set at zero as of such date (the “Suspension Date”). In the event that, on any date subsequent to any Suspension Date (the “Reversion Date”), both Rating Agencies withdraw
their Investment Grade Rating or downgrade such rating to below an Investment Grade Rating such that the Notes do not have an Investment Grade Rating from either Rating Agency, then the Company and the Restricted Subsidiaries shall thereafter again
be subject to the Suspended Covenants with respect to future events. The period of time between the Suspension Date and the Reversion Date is referred to in this description as the “Suspension Period.” Notwithstanding the
reinstatement of the Suspended Covenants, no Default or Event of Default will be deemed to have occurred as a result of a failure to comply with the Suspended Covenants during the Suspension Period (or upon termination of the Suspension Period or
after that time based solely on events that occurred during the Suspension Period). 
 (c) On the Reversion Date all Debt
Incurred during the Suspension Period will be classified as having been outstanding on the Issue Date, so that it is classified as permitted under clause (b)(8) of Section 4.06. Calculations made after the Reversion Date of the amount available
to be made as Restricted Payments under Section 4.07 will be made as though the covenant described under Section 4.07 had been in effect since the Issue Date and throughout the Suspension Period. Accordingly, Restricted Payments made
during the Suspension Period will reduce the amount available to be made as Restricted Payments under the first paragraph of Section 4.07. In addition, for purposes of Section 4.14, all agreements and arrangements entered into by the
Company or any Restricted Subsidiary with an Affiliate of the Company during the Suspension Period will be deemed to have been entered into on or prior to the Issue Date, and for purposes of Section 4.10, all contracts entered into during the
Suspension Period that contain any of the restrictions contemplated by such covenant will be deemed to have been existing on the Issue Date. 

  
 67 

 ARTICLE 5 
 CONSOLIDATION, MERGER OR SALE OF ASSETS 
 Section 5.01. Consolidation, Merger or Sale of Assets by the Company; No Lease of All or Substantially All Assets. (a) The Company will not 

(i) consolidate with or merge with or into any Person, or 

(ii) sell, convey, transfer, or otherwise dispose of all or substantially all of its assets as an entirety or
substantially an entirety, in one transaction or a series of related transactions, to any Person or 
 (iii)
permit any Person to merge with or into the Company 
 unless 

(1) either (x) the Company is the continuing Person or (y) the resulting, surviving or transferee Person is a
Person organized and validly existing under the laws of the United States of America or any jurisdiction thereof and expressly assumes by supplemental Indenture all of the obligations of the Company under the Indenture and the Notes, provided
that in the case where the surviving Person is not a corporation, a co-obligor of the Notes is a corporation; 

(2) immediately after giving effect to the transaction, no Default has occurred and is continuing; 

(3) immediately after giving effect to the transaction on a pro forma basis, (A) the Company or the resulting,
surviving or transferee Person could Incur at least $1.00 of Debt under the Fixed Charge Coverage Ratio test set forth in paragraph (a) of Section 4.06 or (B) the Fixed Charge Coverage Ratio for the Company and its Restricted
Subsidiaries following such transaction would be greater than such ratio for the Company and its Restricted Subsidiaries immediately prior to such transaction; and 

(4) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that the
consolidation, merger or transfer and the supplemental indenture (if any) comply with the Indenture; 

  
 68 

 provided that clauses (2) and (3) do not apply (i) to the consolidation or merger, or
transfer of all or substantially all the assets, of the Company with, into or to a Wholly-Owned Restricted Subsidiary or the consolidation or merger, or transfer of all or substantially all the assets, of a Wholly-Owned Restricted Subsidiary with,
into or to the Company or (ii) if, in the good faith determination of the Board of Directors of the Company, whose determination is evidenced by a Board Resolution, the sole purpose of the transaction is to change the jurisdiction of
incorporation of the Company or changing its legal structure to another form of Person. 
 (b) The Company shall not lease all
or substantially all of its assets, whether in one transaction or a series of transactions, to one or more other Persons. 
 (c)
Upon the consummation of any transaction effected in accordance with these provisions, if the Company is not the continuing Person, the resulting, surviving or transferee Person will succeed to, and be substituted for, and may exercise every right
and power of, the Company under the Indenture and the Notes with the same effect as if such successor Person had been named as the Company in the Indenture. Upon such substitution, unless the successor is one or more of the Company’s
Subsidiaries, the Company will be released and discharged in all respects from its obligations under the Indenture and the Notes. 
 Section 5.02. Consolidation, Merger or Sale of Assets by a Guarantor. (a) No Guarantor may 
 (i) consolidate with or merge with or into any Person, or 
 (ii)
sell, convey, transfer or dispose of, all or substantially all its assets as an entirety or substantially as an entirety, in one transaction or a series of related transactions, to any Person, or 

(iii) permit any Person to merge with or into the Guarantor unless 

(A) the other Person is the Company or any Restricted Subsidiary that is a Guarantor or becomes a Guarantor concurrently
with the transaction; or 
 (B) (1) either (x) the Guarantor is the continuing Person or (y) the
resulting, surviving or transferee Person expressly assumes by supplemental Indenture all of the obligations of the Guarantor under its Note Guaranty; and 
 (2) immediately after giving effect to the transaction, no Default has occurred and is continuing; or 

  
 69 

 (C) the transaction constitutes a sale or other disposition (including by
way of consolidation or merger) of the Guarantor or the sale or disposition of all or substantially all the assets of the Guarantor (in each case other than to the Company or a Restricted Subsidiary) otherwise permitted by the Indenture. 

ARTICLE 6 

DEFAULT AND REMEDIES 
 Section 6.01. Events of Default. An “Event of Default” occurs if 
 (1) the Company defaults in the payment of the principal of any Note when the same becomes due and payable at maturity, upon acceleration or redemption, or otherwise (other than pursuant to an Offer to
Purchase); 
 (2) the Company defaults in the payment of interest on any Note when the same becomes due and
payable, and the default continues for a period of 30 days; 
 (3) the Company fails to accept and pay for Notes
tendered when and as required pursuant to Section 4.12 or Section 4.13, or the Company or any Guarantor fails to comply with Article 5; 
 (4) the Company defaults in the performance of or breaches any other covenant or agreement of the Company in the Indenture or under the Notes and the default or breach continues for a period of 60
consecutive days after written notice (a “default notice”) to the Company by the Trustee or to the Company and the Trustee by the Holders of 25% or more in aggregate principal amount of the Notes; 

(5) there occurs with respect to any Debt of the Company or any of its Material Subsidiaries having an outstanding
principal amount of $80.0 million or more in the aggregate for all such Debt of all such Persons (i) an event of default that results in such Debt being due and payable prior to its scheduled maturity or (ii) failure to make a principal
payment when due and such defaulted payment is not made, waived or extended within the applicable grace period; 

(6) one or more final judgments or orders of a court of competent jurisdiction for the payment of money are rendered
against the Company or any of its Material Subsidiaries and are not paid or discharged, and there is a period of 60 consecutive days following entry of the final judgment or order that causes the aggregate amount for all such final judgments or
orders outstanding and not paid or discharged against all such Persons to exceed $80.0 million (in excess of amounts which the Company’s insurance carriers have agreed to pay under applicable policies) during which a stay of enforcement, by
reason of a pending appeal or otherwise, is not in effect; 

  
 70 

 (7) an involuntary case or other proceeding is commenced against the
Company or any Material Subsidiary with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it
or any substantial part of its property, and such involuntary case or other proceeding remains undismissed and unstayed for a period of 60 days; or an order for relief is entered against the Company or any Material Subsidiary under the federal
bankruptcy laws as now or hereafter in effect; 
 (8) the Company or any of its Material Subsidiaries
(i) commences a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any such law, (ii) consents to the
appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Company or any of its Material Subsidiaries or for all or substantially all of the property and assets of the
Company or any of its Material Subsidiaries or (iii) effects any general assignment for the benefit of creditors (an event of default specified in clause (7) or (8) a “bankruptcy default”); or 

(9) any Note Guaranty ceases to be in full force and effect, other than in accordance the terms of the Indenture, or a
Guarantor denies or disaffirms its obligations under its Note Guaranty. 
 Section 6.02. Acceleration. (a) If
an Event of Default, other than a bankruptcy default with respect to the Company, occurs and is continuing under the Indenture, the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by written notice
to the Company (and to the Trustee if the notice is given by the Holders), may, and the Trustee at the request of such Holders shall, declare the principal of and accrued interest on the Notes to be immediately due and payable. Upon a declaration of
acceleration, such principal and interest will become immediately due and payable. If a bankruptcy default occurs with respect to the Company, the principal of and accrued interest on the Notes then outstanding will become immediately due and
payable without any declaration or other act on the part of the Trustee or any Holder. 
 (b) The Holders of a majority in
principal amount of the outstanding Notes by written notice to the Company and to the Trustee may waive all past defaults and rescind and annul a declaration of acceleration and its consequences if 

  
 71 

 (1) all existing Events of Default, other than the nonpayment of the
principal of, premium, if any, and interest on the Notes that have become due solely by the declaration of acceleration, have been cured or waived, and 
 (2) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction. 
 Section 6.03. Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue, in its own name or as trustee of an express trust, any available remedy by proceeding at
law or in equity to collect the payment of principal of and interest on the Notes or to enforce the performance of any provision of the Notes or the 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. 
 Section 6.04. Waiver of Past Defaults. Except as otherwise
provided in Sections 6.02, 6.07 and 9.02, the Holders of a majority in principal amount of the outstanding Notes may, by notice to the Trustee, waive (including, without limitation, waivers or consents obtained in connection with a purchase of,
or a tender offer or exchange offer for, Notes) an existing Default or Event of Default and its consequences. Upon such waiver, the Default will cease to exist, and any Event of Default arising therefrom will be deemed to have been cured, but no
such waiver will extend to any subsequent or other Default or impair any right consequent thereon. 
 Section 6.05.
Control by Majority. The Holders of a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or 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, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to
the rights of Holders of Notes not joining in the giving of such direction, and may take any other action it deems proper that is not inconsistent with any such direction received from Holders of Notes. 

Section 6.06. Limitation on Suits. A Holder may not institute any proceeding, judicial or otherwise, with respect to the
Indenture or the Notes, or for the appointment of a receiver or trustee, or for any other remedy under the Indenture or the Notes, unless: 
 (1) the Holder has previously given to the Trustee written notice of a continuing Event of Default; 
 (2) Holders of at least 25% in aggregate principal amount of outstanding Notes have made written request to the Trustee to institute proceedings in respect of the Event of Default in its own name as
Trustee under the Indenture; 

  
 72 

 (3) Holders have offered to the Trustee indemnity reasonably satisfactory to
the Trustee against any costs, liabilities or expenses to be Incurred in compliance with such request; 
 (4) the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (5) during such 60-day period, the Holders of a majority in aggregate principal amount of the outstanding Notes have not given the Trustee a written direction that is inconsistent with such written
request. 
 Section 6.07. Rights of Holders to Receive Payment. Notwithstanding anything to the contrary, the right
of a Holder of a Note to receive payment of principal of or interest on its Note on or after the Stated Maturities thereof, or to bring suit for the enforcement of any such payment on or after such respective dates, may not be impaired or affected
without the consent of that Holder. 
 Section 6.08. Collection Suit by Trustee. If an Event of Default in payment
of principal or interest specified in clause (1) or (2) of Section 6.01 occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust for the whole amount of principal and accrued
interest remaining unpaid, together with interest on overdue principal and overdue installments of interest, in each case at the rate specified in the Notes, and such further amount as is sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee hereunder. 
 Section 6.09. Trustee May File Proofs of Claim. The Trustee may file proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee hereunder) and the Holders allowed in any judicial proceedings relating to the
Company or any Guarantor or their respective creditors or property, and is entitled and empowered to collect, receive and distribute any money, securities or other property payable or deliverable upon conversion or exchange of the Notes or upon any
such claims. Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, if the Trustee consents to the
making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the 

  
 73 

 
Trustee, its agent and counsel, and any other amounts due the Trustee hereunder. Nothing in the Indenture will be deemed to empower 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 thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

 Section 6.10. Priorities. If the Trustee collects any money pursuant to this Article, it shall pay out the money
in the following order: 
 First: to the Trustee for all amounts due hereunder; 

Second: to Holders for amounts then due and unpaid for principal of and interest on the Notes, ratably, without preference
or priority of any kind, according to the amounts due and payable on the Notes for principal and interest; and 

Third: to the Company or as a court of competent jurisdiction may direct. 

The Trustee, upon written notice to the Company, may fix a record date and payment date for any payment to Holders pursuant to this
Section. 
 Section 6.11. Restoration of Rights and Remedies. If the Trustee or any Holder has instituted a
proceeding to enforce any right or remedy under the Indenture and the proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to the Holder, then, subject to any determination in the
proceeding, the Company, any Guarantors, the Trustee and the Holders will be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Company, any Guarantors, the Trustee and the Holders
will continue as though no such proceeding had been instituted. 
 Section 6.12. Undertaking for Costs. In any suit
for the enforcement of any right or remedy under the Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court may require any party litigant in such suit (other than the Trustee) to file an undertaking
to pay the costs of the suit, and the court may assess reasonable costs, including reasonable attorneys fees, against any party litigant (other than the Trustee) in the suit having due regard to the merits and good faith of the claims or defenses
made by the party litigant. This Section does not apply to a suit by a Holder to enforce payment of principal of or interest on any Note on the respective due dates, or a suit by Holders of more than 10% in principal amount of the outstanding Notes.

  
 74 

 Section 6.13. Rights and Remedies Cumulative. No right or remedy conferred or
reserved to the Trustee or to the Holders under this Indenture is intended to be exclusive of any other right or remedy, and all such rights and remedies are, to the extent permitted by law, cumulative and in addition to every other right and remedy
hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or exercise of any right or remedy hereunder, or otherwise, will not prevent the concurrent assertion or exercise of any other right or remedy. 

Section 6.14. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder to exercise any right or
remedy accruing upon any Event of Default will impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders
may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.15. Waiver of Stay, Extension or Usury Laws. The Company and each Guarantor covenants, to the extent that it may lawfully do so, that it will not 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 or any usury law or other law that would prohibit or forgive the Company or the Guarantor from paying all or any portion of the principal of, or
interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or that may affect the covenants or the performance of the Indenture. The Company and each Guarantor hereby expressly waives, to the extent that
it may lawfully do so, all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though
no such law had been enacted. 
 ARTICLE 7 
 THE TRUSTEE 
 Section 7.01. General.
(a) The duties and responsibilities of the Trustee are as provided by the Trust Indenture Act and as set forth herein. Whether or not expressly so provided, every provision of the Indenture relating to the conduct or affecting the liability
of or affording protection to the Trustee is subject to this Article. 
 (b) Except during the continuance of an Event of
Default, the Trustee need perform only those duties that are specifically set forth in the Indenture and no others, and no implied covenants or obligations will be read into the Indenture against the Trustee. In case an Event of Default has occurred
and is continuing, the Trustee shall exercise those rights and powers vested in it by the 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 his
own affairs. 

  
 75 

 (c) No provision of the Indenture shall be construed to relieve the Trustee from liability
for its own grossly negligent action, its own grossly negligent failure to act or its own willful misconduct. 

Section 7.02. Certain Rights of Trustee. Subject to Trust Indenture Act Sections 315(a) through (d): 

(1) In the absence of bad faith on its part, the Trustee may rely, and will be protected in acting or refraining from
acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or 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, but, in the case of any document which is specifically required to be furnished to the Trustee pursuant to any provision
hereof, the Trustee shall examine the document to determine whether it conforms to the requirements of the Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). The Trustee, in its
discretion, may make further inquiry or investigation into such facts or matters as it sees fit. 
 (2) Before
the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel conforming to Section 11.05 and the Trustee will not be liable for any action it takes or omits to take in good faith in reliance on
such certificate or opinion. 
 (3) The Trustee may act through its attorneys and agents and will not be
responsible for the misconduct or negligence of any agent appointed with due care. 
 (4) The Trustee will 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, unless such Holders have offered to the Trustee reasonable security or indemnity against the costs, expenses
and liabilities that might be incurred by it in compliance with such request or direction. 
 (5) The Trustee
will not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers or for any action it takes or omits to take in accordance with the direction of the Holders in accordance with
Section 6.05 relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under the Indenture. 

  
 76 

 (6) The Trustee may consult with counsel, and the written advice of such
counsel or any Opinion of Counsel will be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(7) No provision of the Indenture will require the Trustee to expend or risk its own funds or otherwise incur any
financial liability in the performance of its duties hereunder, or in the exercise of its rights or powers, unless it receives indemnity satisfactory to it against any loss, liability or expense. 

(8) The Trustee shall not be liable for any error of judgment made in good faith by an Officer unless it is proved that
the Trustee was negligent in ascertaining the pertinent facts. 
 (9) Unless otherwise specifically provided in
this Indenture, any demand, request, direction or notice from the Company shall be sufficient if signed by an Officer. The Trustee may request that the Company delivery 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. 
 (10) The right of the Trustee to
perform any discretionary act enumerated in this Indenture shall not be construed as a duty, and the Trustee shall not be answerable for other than its gross negligence or willful misconduct in the performance of such act. 

(11) The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured
email, facsimile transmission or other similar unsecured electronic methods, provided that the Company shall provide to the Trustee an incumbency certificate listing designated persons with the authority to provide such instructions, which
incumbency certificate shall be amended whenever a person is to be added or deleted from the listing. 
 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 the
Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to Trust Indenture Act Sections 310(b) and 311. For purposes of Trust Indenture Act Section 311(b)(4) and (6): 

  
 77 

 (a) “cash transaction” means any transaction in which full payment for
goods or securities sold is made within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand; and 

(b) “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which is made, drawn,
negotiated or incurred for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to, possession of, or a lien upon, the goods,
wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee simultaneously with the creation of the creditor
relationship arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation. 
 Section 7.04. Trustee’s Disclaimer. The Trustee (i) makes no representation as to the validity or adequacy of the Indenture or the Notes, (ii) is not accountable for the
Company’s use or application of the proceeds from the Notes and (iii) is not responsible for any statement in the Notes other than its certificate of authentication. 
 Section 7.05. Notice of Default. If any Default occurs and is continuing of which Trustee has received written notice, the Trustee will send notice of the Default to each Holder within 90 days
after it occurs, unless the Default has been cured; provided that, except in the case of a default in the payment of the principal of or interest on any Note, the Trustee may withhold the notice if and so long as the Trustee in good faith
determines that withholding the notice is in the interest of the Holders. Notice to Holders under this Section will be given in the manner and to the extent provided in Trust Indenture Act Section 313(c). 

Section 7.06. Reports by Trustee to Holders. Within 60 days after each
[            ], beginning with [            ], 20[ ], the Trustee will mail to each Holder, as provided in Trust Indenture Act
Section 313(c), a brief report dated as of such [            ], if required by Trust Indenture Act Section 313(a), and file such reports with each stock exchange upon which its
Notes are listed and with the SEC as required by Trust Indenture Act Section 313(d). 
 Section 7.07. Compensation
And Indemnity. (a) The Company will pay the Trustee compensation as agreed upon in writing for its services. The compensation of the Trustee is not limited by any law on compensation of a Trustee of an express trust. The Company will
reimburse the Trustee upon request for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Trustee, including the reasonable compensation and expenses of the Trustee’s agents and counsel. The Company and
the Guarantors jointly and severally shall reimburse the Trustee upon request for all reasonable 

  
 78 

 
out-of-pocket expenses incurred or made by it in accordance with the provisions of this Indenture, including costs of collection, costs of preparing and reviewing reports, certificates and other
documents, costs of preparation and mailing of notices to Holders and reasonable fees and expenses of counsel retained by the Trustee in connection with the delivery of an Opinion of Counsel or otherwise, in addition to such compensation for its
services, except any such expense, disbursement or advance as shall have been caused by its own negligence, willful misconduct or bad faith. Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the
Trustee’s agents, counsel, accountants and experts. The Trustee shall provide the Company reasonable notice of any expenditure not in the ordinary course of business; provided, that prior approval by the Company of any such expenditure
shall not be a requirement for the making of such expenditure nor for reimbursement by the Company thereof. 
 (b) The Company
and the Guarantors will jointly and severally indemnify the Trustee, its officers, directors or employees, (collectively the “Trustee Parties”) for, and hold the Trustee Parties harmless against, any loss, damage or liability or expense
incurred by the Trustee Parties without negligence or bad faith on their part arising out of or in connection with the acceptance or administration of the Indenture and the Trustee’s duties under the Indenture and the Notes, including the costs
and expenses of defending themselves against any claim or liability and of complying with any process served upon the Trustee or any of the Trustee Parties officers in connection with the exercise or performance of any of the Trustees powers or
duties under the Indenture and the Notes. 
 (c) To secure the Company’s payment obligations in this Section, the Trustee
will have a lien prior to the Notes on all money or property held or collected by the Trustee, in its capacity as Trustee, except money or property held in trust to pay principal of, and interest on particular Notes. 

(d) The payment obligations of the Company and the Guarantors pursuant to this Section 7.07 shall survive the resignation or removal
of the Trustee and any discharge of this Indenture including any discharge under any Bankruptcy Law. When the Trustee incurs expenses after the occurrence of a Default specified in Section 6.01(7) or 6.01(8), the expenses are intended to
constitute expenses of administration under the Bankruptcy Law. 
 Section 7.08. Replacement of Trustee.
(a) (1) The Trustee may resign at any time by written notice to the Company. 
 (2) The Holders of
a majority in principal amount of the outstanding Notes may remove the Trustee by thirty (30) days written notice to the Trustee. 

  
 79 

 (3) If the Trustee is no longer eligible under Section 7.10 or in the
circumstances described in Trust Indenture Act Section 310(b), any Holder that satisfies the requirements of Trust Indenture Act Section 310(b) may petition any court of competent jurisdiction for the removal of the Trustee and the
appointment of a successor Trustee. 
 (4) The Company may remove the Trustee if: (i) the Trustee is no
longer eligible under Section 7.10; (ii) the Trustee is adjudged a bankrupt or an insolvent; (iii) a receiver or other public officer takes charge of the Trustee or its property; or (iv) the Trustee becomes incapable of acting.

 (b) If the Trustee has been removed by the Holders, Holders of a majority in principal amount of the Notes may appoint a
successor Trustee with the consent of the Company. Otherwise, if the Trustee resigns or is removed, or if a vacancy exists in the office of Trustee for any reason, the Company will promptly appoint a successor Trustee. If the successor Trustee does
not deliver its written acceptance within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in principal amount of the outstanding Notes may petition any court of competent
jurisdiction for the appointment of a successor Trustee. 
 (c) Upon delivery by the successor Trustee of a written acceptance
of its appointment to the retiring Trustee and to the Company, (i) the retiring Trustee will transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.07, (ii) the resignation
or removal of the retiring Trustee will become effective, and (iii) the successor Trustee will have all the rights, powers and duties of the Trustee under the Indenture. Upon request of any successor Trustee, the Company will execute any and
all instruments for fully and vesting in and confirming to the successor Trustee all such rights, powers and trusts. The Company will give notice of any resignation and any removal of the Trustee and each appointment of a successor Trustee to all
Holders, and include in the notice the name of the successor Trustee and the address of its Corporate Trust Office. 
 (d)
Notwithstanding replacement of the Trustee pursuant to this Section, the Company’s obligations under Section 7.07 will continue for the benefit of the retiring Trustee. 

(e) The Trustee agrees to give the notices provided for in, and otherwise comply with, Trust Indenture Act Section 310(b).

 Section 7.09. Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or
transfers all or substantially all of its corporate trust business to, another corporation or national banking association, the resulting, surviving or transferee corporation or national banking association without any further act will be the
successor Trustee with the same effect as if the successor Trustee had been named as the Trustee in the Indenture. 

  
 80 

 Section 7.10. Eligibility. The Indenture must always have a Trustee that
satisfies the requirements of Trust Indenture Act Section 310(a) and has a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. 

Section 7.11. Money Held in Trust. The Trustee will not be liable for interest on any money received by it except as it may
agree with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and except for money held in trust under Article 8. 

ARTICLE 8 

DEFEASANCE AND DISCHARGE 

Section 8.01. Discharge of Company’s Obligations. (a) Subject to paragraph (b), the Company’s obligations
under the Notes and the Indenture, and each Guarantor’s obligations under its Note Guaranty, will terminate if: 
 (1) all Notes previously authenticated and delivered (other than (i) destroyed, lost or stolen Notes that have been replaced or (ii) Notes that are paid pursuant to Section 4.01 or
(iii) Notes for whose payment money or U.S. Government Obligations have been held in trust and then repaid to the Company pursuant to Section 8.05) have been delivered to the Trustee for cancellation and the Company has paid all sums
payable by it hereunder; or 
 (2) (A) the Notes mature within sixty days, or all of them are to be called
for redemption within sixty days under arrangements satisfactory to the Trustee for giving the notice of redemption, 
 (B) the Company irrevocably deposits in trust with the Trustee, as trust funds solely for the benefit of the Holders, money or U.S. Government Obligations or a combination thereof sufficient without
consideration of any reinvestment, to pay principal of and interest on the Notes to maturity or redemption, as the case may be, and to pay all other sums payable by it hereunder, 

(C) no Default has occurred and is continuing on the date of the deposit, 

(D) the deposit will not result in a breach or violation of, or constitute a default under, the Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound, and 

  
 81 

 (E) the Company delivers to the Trustee an Officers’ Certificate and an
Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the satisfaction and discharge of the Indenture have been complied with. 
 (b) After satisfying the conditions in clause (1), only the Company’s obligations under Section 7.07 will survive. After satisfying the conditions in clause (2), only the Company’s
obligations in Article 2 and Sections 4.01, 4.02, 7.07, 7.08, 8.05 and 8.06 will survive. In either case, the Trustee, upon written request and in reliance upon the Officer’s Certificate and Opinion of Counsel reference above, will
acknowledge in writing the discharge of the Company’s obligations under the Notes and the Indenture other than the surviving obligations. 
 Section 8.02. Legal Defeasance. The Company will be deemed to have paid and will be discharged from its obligations in respect of the Notes and the Indenture, other than its obligations in
Article 2 and Sections 4.01, 4.02, 7.07, 7.08, 8.05 and 8.06, and each Guarantor’s obligations under its Note Guaranty will terminate, provided the following conditions have been satisfied: 

(1) The Company has irrevocably deposited in trust with the Trustee, as trust funds solely for the benefit of the Holders,
money or U.S. Government Obligations or a combination thereof sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certificate thereof delivered to the Trustee, without consideration of
any reinvestment, to pay principal of and interest on the Notes to maturity or redemption, as the case may be, provided that any redemption before maturity has been irrevocably provided for under arrangements satisfactory to the Trustee.

 (2) The deposit will not result in a breach or violation of, or constitute a default under, the Indenture or
any other agreement or instrument to which the Company is a party or by which it is bound. 
 (3) The Company has
delivered to the Trustee 
 (A) either (x) a ruling received from the Internal Revenue Service to the effect
that the Holders will not recognize income, gain or loss for federal income tax purposes as a result of the defeasance and will be subject to federal income tax on the same amount and in the same manner and at the same times as would otherwise have
been the case or (y) an Opinion of Counsel, based on a change in law after the date of the Indenture, to the same effect as the ruling described in clause (x), and 

  
 82 

 (B) an Opinion of Counsel to the effect that (i) the creation of the
defeasance trust does not violate the Investment Company Act of 1940, (ii) the Holders have a valid first priority Note interest in the trust funds (subject to customary exceptions), and (iii) after the passage of 123 days following the
deposit, the trust funds will not be subject to the effect of Section 547 of the United States Bankruptcy Code or Section 15 of the New York Debtor and Creditor Law. 

(4) If the Notes are listed on a national securities exchange, the Company has delivered to the Trustee an Opinion of
Counsel to the effect that the deposit and defeasance will not cause the Notes to be delisted. 
 (5) The Company
has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the defeasance have been complied with. 

Section 8.03. Covenant Defeasance. The Company’s obligations set forth in Sections 4.06 through 4.17, inclusive and
clauses (3) and (4) of Section 5.01(a), and each Guarantor’s obligations under its Note Guaranty, will terminate, and clauses (3), (4), (5), (6) and (9) of Section 6.01 will no longer constitute Events of Default,
provided the following conditions have been satisfied: 
 (1) The Company has complied with clauses (1),
(2), (3)(B), (4) and (5) of Section 8.02; and 
 (2) the Company has delivered to the Trustee an
Opinion of Counsel to the effect that the Holders will not recognize income, gain or loss for federal income tax purposes as a result of the defeasance and will be subject to federal income tax on the same amount and in the same manner and at the
same times as would otherwise have been the case. 
 Except as specifically stated above, none of the Company’s obligations
under the Indenture will be discharged. 
 Section 8.04. Application of Trust Money. Subject to Section 8.05,
the Trustee will hold in trust the money or U.S. Government Obligations deposited with it pursuant to Section 8.01, 8.02 or 8.03, and apply the deposited money and the proceeds from deposited U.S. Government Obligations to the payment of
principal of and interest on the Notes in accordance with the Notes and the Indenture. Such money and U.S. Government Obligations need not be segregated from other funds except to the extent required by law. 

  
 83 

 Section 8.05. Repayment to Company. Subject to Sections 7.07, 8.01, 8.02
and 8.03, the Trustee will promptly pay to the Company upon written request any excess money held by the Trustee at any time and thereupon be relieved from all liability with respect to such money. The Trustee will pay to the Company upon written
request any money held for payment with respect to the Notes that remains unclaimed for two years, provided that before making such payment the Trustee may at the expense of the Company publish once in a newspaper of general circulation in
New York City, or send to each Holder entitled to such money, notice that the money remains unclaimed and that after a date specified in the notice (at least 30 days after the date of the publication or notice) any remaining unclaimed balance of
money will be repaid to the Company. After payment to the Company, Holders entitled to such money must look solely to the Company for payment, unless applicable law designates another Person, and all liability of the Trustee with respect to such
money will cease. 
 Section 8.06. Reinstatement. If and for so long as the Trustee is unable to apply any money or
U.S. Government Obligations held in trust pursuant to Section 8.01, 8.02 or 8.03 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 the Indenture and the Notes will be reinstated as though no such deposit in trust had been made. If the Company makes any payment of principal of or interest on any Notes because of the reinstatement
of its obligations, it will be subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government Obligations held in trust. 
 ARTICLE 9 
 AMENDMENTS, SUPPLEMENTS AND
WAIVERS 
 Section 9.01. Amendments Without Consent of Holders. The Company and the Trustee may amend
or supplement the Indenture or the Notes without notice to or the consent of any Noteholder 
 (1) to cure or
reform any ambiguity, defect, mistake, manifest error, omission or inconsistency in the Indenture or the Notes; 

(2) to comply with Article 5; 

(3) to comply with any requirements of the SEC in connection with the qualification of the Indenture under the Trust
Indenture Act or otherwise; 
 (4) to evidence and provide for the acceptance of an appointment hereunder by a
successor Trustee; 
 (5) 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; 

  
 84 

 (6) to provide for any Guarantee of the Notes, to secure the Notes or to
confirm and evidence the release, termination or discharge of any Guarantee of or Lien securing the Notes when such release, termination or discharge is permitted by the Indenture; 

(7) to provide for or confirm the issuance of Additional Notes; 

(8) to add to the covenants of the Company for the benefit of the Noteholders or to surrender any right or power conferred
upon the Company; 
 (9) to provide additional rights or benefits to the Holders or to make any other change that
does not materially and adversely affect the rights of any Holder; or 
 (10) to conform the text of the
Indenture or the Notes to any provision of the “Description of Notes” section of the Prospectus Supplement. 

Section 9.02. Amendments With Consent of Holders. (a) Except as otherwise provided in Sections 6.02, 6.04 and 6.07
or paragraph (b), the Company and the Trustee may amend or supplement the Indenture and/or the Notes with the written consent of the Holders of a majority in principal amount of the outstanding Notes, and the Holders of a majority in principal
amount of the outstanding Notes by written notice to the Trustee may waive future compliance by the Company with any provision of the Indenture or the Notes. 
 (b) Notwithstanding the provisions of paragraph (a), without the consent of each Holder affected, an amendment or waiver may not 

(1) reduce the principal amount of or change the Stated Maturity of any installment of principal of any Note, 

(2) reduce the rate of or change the Stated Maturity of any interest payment on any Note, 

(3) reduce the amount payable upon the redemption of any Note or change the time of any mandatory redemption or, in
respect of an optional redemption, the times at which any Note may be redeemed or, once notice of redemption has been given, the time at which it must thereupon be redeemed, 

  
 85 

 (4) after the time an Offer to Purchase is required to have been made,
reduce the purchase amount or purchase price, or extend the latest expiration date or purchase date thereunder, 

(5) make any Note payable in money other than that stated in the Note, 

(6) impair the right of any Holder of Notes to receive any principal payment or interest payment on such Holder’s
Notes, on or after the Stated Maturity thereof, or to institute suit for the enforcement of any such payment, 

(7) make any change in the percentage of the principal amount of the Notes required for amendments or waivers, or

 (8) modify or change any provision of the Indenture affecting the ranking of the Notes or any Note Guaranty in
a manner adverse to the Holders of the Notes. 
 (c) It is not necessary for Noteholders to approve the particular form of any
proposed amendment, supplement or waiver, but is sufficient if their consent approves the substance thereof. 
 (d) An
amendment, supplement or waiver under this Section will become effective on receipt by the Trustee of written consents from the Holders of the requisite percentage in principal amount of the outstanding Notes or an Officer’s Certificate
certifying that such consents have been obtained. After an amendment, supplement or waiver under this Section becomes effective, the Company will send to the Holders affected thereby a notice briefly describing the amendment, supplement or waiver.
The Company will send supplemental indentures to Holders upon request. Any failure of the Company to send such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such supplemental indenture or waiver.

 Section 9.03. Effect of Consent. (a) After an amendment, supplement or waiver becomes effective, it will
bind every Holder unless it is of the type requiring the consent of each Holder affected. If the amendment, supplement or waiver is of the type requiring the consent of each Holder affected, the amendment, supplement or waiver will bind each Holder
that has consented to it and every subsequent Holder of a Note that evidences the same debt as the Note of the consenting Holder. 
 (b) If an amendment, supplement or waiver changes the terms of a Note, the Trustee may require the Holder to deliver it to the Trustee so that the Trustee may place an appropriate notation of the changed
terms on the Note and return it to the Holder, or exchange it for a new Note that reflects the changed 

  
 86 

 
terms. The Trustee may also place an appropriate notation on any Note thereafter authenticated. However, the effectiveness of the amendment, supplement or waiver is not affected by any failure to
annotate or exchange Notes in this fashion. 
 Section 9.04. Trustee’s Rights and Obligations. The Trustee is
entitled to receive, and will be fully protected in relying upon, an Opinion of Counsel stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article is authorized or permitted by the Indenture. If the Trustee
has received such an Opinion of Counsel, it shall sign the amendment, supplement or waiver so long as the same does not adversely affect the rights of the Trustee. The Trustee may, but is not obligated to, execute any amendment, supplement or waiver
that affects the Trustee’s own rights, duties or immunities under the Indenture. 
 Section 9.05. Conformity With
Trust Indenture Act. Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 
 Section 9.06. Payments for Consents. Neither the Company nor any of its Subsidiaries or Affiliates may, directly or indirectly, pay or cause to be paid any consideration, whether by way of
interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of the Indenture or the Notes unless such consideration is offered to be paid or agreed to be paid to all Holders
of the Notes that consent, waive or agree to amend such term or provision within the time period set forth in the solicitation documents relating to the consent, waiver or amendment. 

ARTICLE 10 

GUARANTIES 
 Section 10.01. The Guaranties. Subject to the provisions of this Article, each Guarantor hereby irrevocably and unconditionally guarantees, jointly and severally, on an unsecured
unsubordinated basis, the full and punctual payment (whether at Stated Maturity, upon redemption, purchase pursuant to an Offer to Purchase or acceleration, or otherwise) of the principal of, premium, if any, and interest on, and all other amounts
payable under, each Note, and the full and punctual payment of all other amounts payable by the Company under the Indenture. Upon failure by the Company to pay punctually any such amount, each Guarantor shall forthwith on demand pay the amount not
so paid at the place and in the manner specified in the Indenture. 
 Section 10.02. Guaranty Unconditional. The
obligations of each Guarantor hereunder are unconditional and absolute and, without limiting the generality of the foregoing, will not be released, discharged or otherwise affected by 

  
 87 

 (1) any extension, renewal, settlement, compromise, waiver or release in
respect of any obligation of the Company under the Indenture or any Note, by operation of law or otherwise; 

(2) any modification or amendment of or supplement to the Indenture or any Note; 

(3) any change in the corporate existence, structure or ownership of the Company, or any insolvency, bankruptcy,
reorganization or other similar proceeding affecting the Company or its assets or any resulting release or discharge of any obligation of the Company contained in the Indenture or any Note; 

(4) the existence of any claim, set-off or other rights which the Guarantor may have at any time against the Company, the
Trustee or any other Person, whether in connection with the Indenture or any unrelated transactions, provided that nothing herein prevents the assertion of any such claim by separate suit or compulsory counterclaim; 

(5) any invalidity or unenforceability relating to or against the Company for any reason of the Indenture or any Note, or
any provision of applicable law or regulation purporting to prohibit the payment by the Company of the principal of or interest on any Note or any other amount payable by the Company under the Indenture; or 

(6) any other act or omission to act or delay of any kind by the Company, the Trustee or any other Person or any other
circumstance whatsoever which might, but for the provisions of this paragraph, constitute a legal or equitable discharge of or defense to such Guarantor’s obligations hereunder. 

Section 10.03. Discharge; Reinstatement. Each Guarantor’s obligations hereunder will remain in full force and effect
until the principal of, premium, if any, and interest on the Notes and all other amounts payable by the Company under the Indenture have been paid in full. If at any time any payment of the principal of, premium, if any, or interest on any Note or
any other amount payable by the Company under the Indenture is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Company or otherwise, each Guarantor’s obligations hereunder with
respect to such payment will be reinstated as though such payment had been due but not made at such time. 
 Section 10.04.
Waiver by the Guarantors. Each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the
Company or any other Person. 

  
 88 

 Section 10.05. Subrogation and Contribution. Upon making any payment with
respect to any obligation of the Company under this Article, the Guarantor making such payment will be subrogated to the rights of the payee against the Company with respect to such obligation, provided that the Guarantor may not enforce
either any right of subrogation, or any right to receive payment in the nature of contribution, or otherwise, from any other Guarantor, with respect to such payment so long as any amount payable by the Company hereunder or under the Notes remains
unpaid. 
 Section 10.06. Stay of Acceleration. If acceleration of the time for payment of any amount payable by the
Company under the Indenture or the Notes is stayed upon the insolvency, bankruptcy or reorganization of the Company, all such amounts otherwise subject to acceleration under the terms of the Indenture are nonetheless payable by the Guarantors
hereunder forthwith on demand by the Trustee or the Holders. 
 Section 10.07. Limitation on Amount of Guaranty.
Notwithstanding anything to the contrary in this Article, each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guaranty of such Guarantor not constitute a
fraudulent conveyance under applicable fraudulent conveyance provisions of the United States Bankruptcy Code or any comparable provision of state law. To effectuate that intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree
that the obligations of each Guarantor under its Note Guaranty are limited to the maximum amount that would not render the Guarantor’s obligations subject to avoidance under applicable fraudulent conveyance provisions of the United States
Bankruptcy Code or any comparable provision of state law. 
 Section 10.08. Execution and Delivery of Guaranty. The
execution by each Guarantor of the Indenture (or a supplemental indenture in the form of Exhibit B) evidences the Note Guaranty of such Guarantor, whether or not the person signing as an officer of the Guarantor still holds that office at the
time of authentication of any Note. The delivery of any Note by the Trustee after authentication constitutes due delivery of the Note Guaranty set forth in the Indenture on behalf of each Guarantor. 

Section 10.09. Release of Guaranty. The Note Guaranty of a Guarantor will terminate and be discharged and of no further force
and effect and the applicable Guarantor will be automatically and unconditionally released from all its obligations thereunder: 
 (1) concurrently with any direct or indirect sale or other disposition (including by way of consolidation, merger or otherwise) of the Capital Stock of a Guarantor by the Company or any of its Restricted
Subsidiaries to a person that is not a Restricted Subsidiary and as a result of such sale or disposition the applicable Guarantor is no longer a 

  
 89 

 
Restricted Subsidiary or any disposition (including by way of consolidation, merger or otherwise) of all or substantially all the assets of the Guarantor (other than to the Company or a Domestic
Restricted Subsidiary) otherwise permitted by the Indenture, 
 (2) upon the designation in accordance with the
Indenture of the Guarantor as an Unrestricted Subsidiary, 
 (3) at any time that such Guarantor is released from
all of its obligations (other than contingent indemnification obligations that may survive such release) under all of its Guaranties of all Debt of the Company under the Credit Facilities except a discharge by or as a result of payment under such
guarantee (it being understood that a release subject to contingent reinstatement is still a release, and that if any such Guarantee is so reinstated, such Guarantee shall also be reinstated), 

(4) upon the merger or consolidation of any Guarantor with and into the Company or another Guarantor that is the surviving
Person in such merger or consolidation, or upon the liquidation of such Guarantor following or contemporaneously with the transfer of all of its assets to the Company or another Guarantor, 

(5) defeasance or discharge of the Notes, as provided in Article 8 or upon satisfaction and discharge of the
Indenture, or 
 (6) upon the prior consent of the Holders of at least a majority in aggregate principal amount
of the Notes then outstanding. 
 Upon delivery by the Company to the Trustee of an Officers’ Certificate and an Opinion of
Counsel to the foregoing effect, the Trustee will execute any documents reasonably required in order to evidence the release of the Guarantor from its obligations under its Note Guaranty. 

ARTICLE 11 

MISCELLANEOUS 
 Section 11.01. Trust Indenture Act of 1939. The Indenture shall incorporate and be governed by the provisions of the Trust Indenture Act that are required to be part of and to govern
indentures qualified under the Trust Indenture Act. 
 Section 11.02. Noteholder Communications; Noteholder Actions.
(a) The rights of Holders to communicate with other Holders with respect to the Indenture or the Notes are as provided by the Trust Indenture Act, and the Company and the Trustee shall comply with the requirements of Trust Indenture Act
Sections 312(a) and 312(b). Neither the Company nor the Trustee will be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

  
 90 

 (b) (1) Any request, demand, authorization, direction, notice, consent to
amendment, supplement or waiver or other action provided by this Indenture to be given or taken by a Holder (an “act”) may be evidenced by an instrument signed by the Holder delivered to the Trustee. The fact and date of the
execution of the instrument, or the authority of the person executing it, may be proved in any manner that the Trustee deems sufficient. 
 (2) The Trustee may make reasonable rules for action by or at a meeting of Holders, which will be binding on all the Holders. 
 (c) Any act by the Holder of any Note binds that Holder and every subsequent Holder of a Note that evidences the same debt as the Note of the acting Holder, even if no notation thereof appears on the
Note. Subject to paragraph (d), a Holder may revoke an act as to its Notes, but only if the Trustee receives written notice of revocation before the date the amendment or waiver or other consequence of the act becomes effective. 

(d) The Company may, but is not obligated to, fix a record date (which need not be within the time limits otherwise prescribed by Trust
Indenture Act Section 316(c)) for the purpose of determining the Holders entitled to act with respect to any amendment or waiver or in any other regard, except that during the continuance of an Event of Default, only the Trustee may set a
record date as to notices of default, any declaration or acceleration or any other remedies or other consequences of the Event of Default. If a record date is fixed, those Persons that were Holders at such record date and only those Persons will be
entitled to act, or to revoke any previous act, whether or not those Persons continue to be Holders after the record date. No act will be valid or effective for more than 90 days after the record date. 

Section 11.03. Notices. (a) Any notice or communication to the Company will be deemed given if in writing (i) when
delivered in person or (ii) five days after mailing when mailed by first class mail, or (iii) when sent by facsimile transmission, with transmission confirmed. Notices or communications to a Guarantor will be deemed given if given to the
Company. Any notice to the Trustee will be effective only upon receipt in writing. In each case the notice or communication should be addressed as follows: 
 if to the Company: 
 Lender Processing Services, Inc.

 601 Riverside Avenue, 
 Jacksonville, Florida 32204 
 Facsimile: 904-357-1036 

  
 91 

 if to the Trustee: 

U.S. Bank National Association 
 Global Corporate Trust Services 
 Attention: Jack Ellerin

 EX-GA-ATPT 
 1349 W. Peachtree Street, Suite 1050 
 Atlanta, GA 30309

 Facsimile: 404-898-2467 
 The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications. 

(b) Except as otherwise expressly provided with respect to published notices, any notice or communication to a Holder will be deemed
given when mailed to the Holder at its address as it appears on the Register by first class mail or, as to any Global Note registered in the name of DTC or its nominee, as agreed by the Company, the Trustee and DTC. Copies of any notice or
communication to a Holder, if given by the Company, will be mailed to the Trustee at the same time. Defect in mailing a notice or communication to any particular Holder will not affect its sufficiency with respect to other Holders. 

(c) Where the Indenture provides for notice, the notice may be waived in writing by the Person entitled to receive such notice, either
before or after the event, and the waiver will be the equivalent of the notice. Waivers of notice by Holders must be filed with the Trustee in writing, but such filing is not a condition precedent to the validity of any action taken in reliance upon
such waivers. 
 Section 11.04. Certificate and Opinion as to Conditions Precedent. Upon any request or application
by the Company to the Trustee to take any action under the Indenture, the Company will furnish to the Trustee: 

(1) an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided
for in the Indenture relating to the proposed action have been complied with; and 
 (2) an Opinion of Counsel
stating that 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 condition or covenant provided for in the Indenture must include: 
 (1) a statement that each person signing the certificate or opinion has read the covenant or condition and the related definitions; 

  
 92 

 (2) a brief statement as to the nature and scope of the examination or
investigation upon which the statement or opinion contained in the certificate or opinion is based; 
 (3) a
statement that, in the opinion of each such person, that person has made such examination or investigation as is necessary to enable the person to express an informed opinion as to whether or not such covenant or condition has been complied with;
and 
 (4) a statement as to whether or not, in the opinion of each such person, such condition or covenant has
been complied with, provided that an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public officials with respect to matters of fact. 
 Section 11.06. Payment Date Other Than a Business Day. If any payment with respect to a payment of any principal of, premium, if any, or interest on any Note (including any payment to be made
on any date fixed for redemption or purchase of any Note) is due on a day which is not a Business Day, then the payment need not be made on such date, but may be made on the next Business Day with the same force and effect as if made on such date,
and no interest will accrue for the intervening period. 
 Section 11.07. Governing Law. The Indenture, including
any Note Guaranties, and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York. 

Section 11.08. No Adverse Interpretation of Other Agreements. The Indenture may not be used to interpret another Indenture or
loan or debt agreement of the Company or any Subsidiary of the Company, and no such Indenture or loan or debt agreement may be used to interpret the Indenture. 
 Section 11.09. Successors. All agreements of the Company or any Guarantor in the Indenture and the Notes will bind its successors. All agreements of the Trustee in the Indenture will bind its
successor. 
 Section 11.10. Duplicate Originals. The parties may sign any number of copies of the Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement. 
 Section 11.11. Separability.
In case any provision in the Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 11.12. Table of Contents and Headings. The Table of Contents, Cross-Reference Table and headings of the
Articles 1and Sections of the Indenture have been inserted for convenience of reference only, are not to be considered a part of the indenture and in no way modify or restrict any of the terms and provisions of the indenture. 

  
 93 

 Section 11.13. No Liability of Directors, Officers, Employees, Incorporators,
Members and Stockholders. No director, officer, employee, incorporator, member or stockholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or such Guarantor under the Notes, any Note
Guaranty or the Indenture or for any claim based on, in respect of, or by reason of, such obligations. 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. 

  
 94 

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

 

			
	 Lender Processing Services, Inc.
     as Issuer

		
	By:	 	 
		 	Name:
		 	Title:
	
	 DOCX, LLC
 Espiel,
Inc.
 Lender Processing Services, LLC

Lender’s Service Title Agency, Inc.
 LPS
Agency Sales and Posting, Inc.
 LPS Applied Analytics, LLC
 LPS Asset Management Solutions, Inc.
 LPS Default Management, LLC

LPS Default Solutions, Inc.
 LPS Field Services,
Inc.
 LPS IP Holding Company, LLC
 LPS
Management, LLC
 LPS Mortgage Processing Solutions, Inc.
 LPS National Flood, LLC
 LPS National TaxNet, Inc.

LPS Origination Technology, Inc.
 LPS Portfolio
Solutions, LLC
 LPS Real Estate Data Solutions, Inc.
 LPS Real Estate Group, Inc.
 LPS Valuation Solutions, LLC

LRT Record Services, Inc.
 LSI Alabama,
LLC
 LSI Appraisal, LLC
 LSI Title
Agency, Inc.
 LSI Title Agency of Arkansas, LLC
 LSI Title Company
 LSI Title Company of Oregon, LLC

LSI Title Insurance Agency of Utah, Inc.
 McDash
Analytics, LLC
 OnePointCity, LLC

RealEC Technologies, Inc.

  
 95 

 
			
	as Guarantors
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 96 

			
	 U.S. Bank National Association
 as Trustee

		
	By:	 	  

		 	Name:
		 	Title:

  
 97 

 EXHIBIT A 
 [FACE OF NOTE] 
 Lender Processing Services, Inc. 

[            ]% Senior Note Due
20[            ] 
 [CUSIP] [ISIN]
                         
  

			
	No.	  	$                           
     

 Lender Processing Services, Inc., a Delaware corporation (the “Company”, which term
includes any successor under the Indenture hereinafter referred to), for value received, promises to pay to             , or its registered assigns, the principal sum of
            DOLLARS ($            ) or such other amount as indicated on the Schedule of Exchange of Notes attached hereto
on [            ], 20[            ]. 
 Interest Rate: [            ]% per annum. 
 Interest Payment Dates: [            ] and [            ], commencing
[            ], 20[            ]. 
 Regular Record Dates: [            ] and [            ]. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which will for all purposes have the
same effect as if set forth at this place. 

  
 A-1

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by its duly authorized officers. 
  

							
	Date:	 		 	Lender Processing Services, Inc.
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 A-2

 (Form of Trustee’s Certificate of Authentication) 

This is one of the [            ]% Senior Notes Due 20[ ] described in the
Indenture referred to in this Note. 
  

							
		 		 	 U.S. Bank National Association,
     as Trustee

				
		 		 	By:	 	  

		 		 		 	Authorized Signatory

  
 A-3

 [REVERSE SIDE OF NOTE] 

Lender Processing Services, Inc. 

[            ]% Senior Note Due 20[ ] 

1. Principal and Interest. 
 The Company promises to pay the principal of this Note on [            ], 20[ ]. 

The Company promises to pay interest on the principal amount of this Note on each interest payment date, as set forth on the face of this
Note, at the rate of [            ]% per annum (subject to adjustment as provided below). 
 Interest will be payable semiannually (to the holders of record of the Notes at the close of business on the [            ] or
[            ] immediately preceding the interest payment date) on each interest payment date, commencing [            ], 20[ ].

 Interest on this Note will accrue from the most recent date to which interest has been paid on this Note or the Note
surrendered in exchange for this Note (or, if there is no existing default in the payment of interest and if this Note is authenticated between a regular record date and the next interest payment date, from such interest payment date) or, if no
interest has been paid, from the Issue Date. Interest will be computed in the basis of a 360-day year of twelve 30-day months. 

The Company will pay interest on overdue principal, premium, if any, and interest at a rate per annum that is 1% in excess of
[            ]%. Interest not paid when due and any interest on principal, premium or interest not paid when due will be paid to the Persons that are Holders on a special record date, which
will be the 15th day preceding the date fixed by the Company for the payment of such interest, whether or not such day is a Business Day. At least 15 days before a special record date, the Company will send to each Holder and to the Trustee a notice
that sets forth the special record date, the payment date and the amount of interest to be paid. 
 2. Indentures; Note Guaranty.

 This is one of the Notes issued under an Indenture dated as of
[            ], 20[ ] (as amended from time to time, the “Indenture”), among the Company, the Guarantors party thereto and U.S. Bank National Association as 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. The Notes are
subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the
terms of the Indenture, the terms of the Indenture will control. 

  
 A-4

 The Notes are general unsecured obligations of the Company. The Indenture limits the
original aggregate principal amount of the Notes to $[            ], but Additional Notes may be issued pursuant to the Indenture, and the originally issued Notes and all such Additional
Notes vote together for all purposes as a single class. This Note is guarantied, as set forth in Article 10 of the Indenture. 
 3. Redemption
and Repurchase; Discharge Prior to Redemption or Maturity. 
 This Note is subject to optional redemption, and may be the
subject of an Offer to Purchase, as further described in the Indenture. There is no sinking fund or mandatory redemption applicable to this Note. 
 If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or
maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of its obligations under certain provisions of the Indenture. 

4. Registered Form; Denominations; Transfer; Exchange. 
 The Notes are in registered form without coupons in denominations of $2,000 principal amount and any multiple of $1,000 in excess thereof. A Holder may register the transfer or exchange of Notes in
accordance with the Indenture. The Trustee may require a Holder to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. Pursuant to the Indenture, there are certain
periods during which the Trustee will not be required to issue, register the transfer of or exchange any Note or certain portions of a Note. 

5. Defaults and Remedies. 
 If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the Notes may declare all the Notes to be due and payable.
If a bankruptcy or insolvency default with respect to the Company occurs and is continuing, the Notes automatically become due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may
require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of a majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise of remedies.

  
 A-5

 6. Amendment and Waiver. 
 Subject to certain exceptions, the Indenture and the Notes may be amended, or default may be waived, with the consent of the Holders of a majority in principal amount of the outstanding Notes. Without
notice to or the consent of any Holder, the Company and the Trustee may amend or supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or inconsistency if such amendment or supplement does not adversely affect the
interests of the Holders in any material respect. 
 7. Authentication. 

This Note is not valid until the Trustee (or Authenticating Agent) signs the certificate of authentication on the other side of this
Note. 
 8. Governing Law. 
 This Note shall be governed by, and construed in accordance with, the laws of the State of New York. 
 9. 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 right of survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A/ (= Uniform Gifts to Minors Act).

 The Company will furnish a copy of the Indenture to any Holder upon written request and without charge. 

  
 A-6

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 

 

	
	 Insert Taxpayer Identification No.

	  

	  

	 Please print or typewrite name and address including zip code of assignee

	  

	 the within Note and all rights thereunder, hereby irrevocably constituting and
appointing

	  

 attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

  
 A-7

							
		 	Signature Guarantee:5 	  	 
			
		 	By 	 	 
		 	 To be executed by an executive officer

  

	5 	 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements
include membership or participation in the Securities Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 A-8

 OPTION OF HOLDER TO ELECT PURCHASE 

If you wish to have all of this Note purchased by the Company pursuant to Section 4.12 or 4.13 of the Indenture, check the
box: 9 
 If you wish to have a portion of this Note purchased by the Company pursuant to Section 4.12 or 4.13
of the Indenture, state the amount (in original principal amount) below: 
 $
                    . 

Date:                        
  
 Your
Signature:                                       
                       
 (Sign
exactly as your name appears on the other side of this Note) 
 Signature Guarantee:1           
                                         
                          
  

 

	1 	 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Trustee, which requirements
include membership or participation in the Securities Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Trustee in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 A-9

 SCHEDULE OF EXCHANGES OF NOTES1 
 The following exchanges of a part of this Global Note for Physical Notes or a part of another 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 officer of
Trustee
		 		 		  		  	

  

	1 	 For Global Notes 

  
 A-10

 EXHIBIT B 
 SUPPLEMENTAL INDENTURE 
 dated as of
            ,              
 among 
 Lender Processing Services, Inc., 

The Guarantor(s) Party Hereto 
 and 
 U.S. Bank National Association, 

as Trustee 
  

 

[            ]% 

Senior Notes due 

20[     ] 

 THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into
as of             ,             , among Lender Processing Services, Inc., a Delaware corporation (the
“Company”), [insert each Guarantor executing this Supplemental Indenture and its jurisdiction of incorporation] (each an “Undersigned”) and U.S. Bank National Association, as trustee (the
“Trustee”). 
 RECITALS 
 WHEREAS, the Company, the Guarantors party thereto and the Trustee entered into the Indenture, dated as of [            ], 20[ ] (the
“Indenture”), relating to the Company’s [            ]% Senior Notes due 20[ ] (the “Notes”); 

WHEREAS, as a condition to the Trustee entering into the Indenture and the purchase of the Notes by the Holders, the Company agreed
pursuant to the Indenture to cause Restricted Subsidiaries to provide Guaranties in certain circumstances. 
 AGREEMENT

 NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound,
the parties to this Supplemental Indenture hereby agree as follows: 
 Section 1.01. Capitalized terms used herein and not
otherwise defined herein are used as defined in the Indenture. 
 Section 2.01. Each Undersigned, by its execution of this
Supplemental Indenture, agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof. 

Section 3.01. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.

 Section 4.01. This Supplemental Indenture may be signed in various counterparts which together will constitute one and
the same instrument. 
 Section 5.01. This Supplemental Indenture is an amendment supplemental to the Indenture and the
Indenture and this Supplemental Indenture will henceforth be read together. 

  
 B-1

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

			
	 Lender Processing Services, Inc., as Issuer

		
	 By:
	 	
		 	  

		 	Name:
		 	Title:
	
	 [GUARANTOR]

		
	 By:
	 	
		 	  

		 	Name:
		 	Title:
	
	 U.S. Bank National Association, as Trustee

		
	 By:
	 	
		 	  

		 	Name:
		 	Title:

  
 B-2

 EXHIBIT C 
 DTC LEGEND 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), 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 IN 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 A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF
THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE. 

  
 C-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]