Document:

Exhibit 10.1

 

WAIVER AND AMENDMENT
TO TERM LOAN AGREEMENT

 

This WAIVER AND AMENDMENT
TO TERM LOAN AGREEMENT (this “Amendment”) dated as of March 2, 2022, is made by and among ARC NYC570SEVENTH,
LLC, a Delaware limited liability company (together with its permitted successors and assigns, “Borrower”),
CAPITAL ONE, NATIONAL ASSOCIATION, as administrative agent (together with its successors and assigns in such capacity and any replacement
administrative agent, “Administrative Agent”) and in its capacity as the sole lead arranger and sole bookrunner
(in such capacities, “Sole Lead Arranger” and “Sole Bookrunner,” respectively), and
the lenders that are or hereafter become party to the Loan Agreement (as such term is defined below) (each, a “Lender”,
collectively, the “Lenders”). The Borrower, the undersigned Lenders and the Administrative Agent are referred
to collectively as the “Parties”, and individually as a “Party”. Each capitalized
term used but not otherwise defined in this Amendment shall have the meaning ascribed to it in the Loan Agreement.

 

WITNESSETH:

 

WHEREAS, the Parties
have heretofore entered into that certain Term Loan Agreement, dated as of April 26, 2019 (as the same may be amended, restated, extended,
joined, supplemented and/or modified from time to time, by and among the Borrower, the Lenders, and the Administrative Agent, the “Loan
Agreement”);

 

WHEREAS, as of the
last day of the calendar quarter ending on September 30, 2021 (“Q3 2021”), a DSCR Breach and Debt Yield Breach
were ongoing for four (4) consecutive calendar quarters;

 

WHEREAS, the Borrower
has actively engaged in discussions with the Lenders since October 2021 to seek relief in relation to the “right size” requirements
in the Loan Agreement and the associated default.

 

WHEREAS, absent these
discussions, Borrower would have breached the covenant contained in Section 5.33.3 of the Loan Agreement by failing to either (i) prepay,
in compliance with Section 2.3.3 of the Loan Agreement, a portion of the unpaid Principal or (ii) post with Administrative Agent cash,
or a letter of credit, as additional collateral for the Debt in an amount sufficient to cure the applicable DSCR Breach and Debt Yield
Breach when such amounts are reflected as reducing the outstanding principal amount of the Loan, within fifty (50) days after the end
of Q3 2021, and such breach of the covenant in Section 5.33.3 of the Loan Agreement would have constituted an Event of Default under the
Loan Agreement (the “Potential Existing Default”);

 

WHEREAS, Borrower has
requested that the Administrative Agent, on behalf of the Lenders, waive the Potential Existing Default and make certain amendments and
modifications to the Loan Agreement as set forth herein; and

 

WHEREAS, subject to
the terms and conditions set forth herein, the Administrative Agent is willing to waive the Potential Existing Default and to make certain
amendments and modifications to the Loan Agreement, all as set forth herein.

 

     

     

    

 

NOW, THEREFORE, the
Parties, in consideration of the mutual covenants hereinafter set forth and intending to be legally bound hereby, agree as follows:

 

1.         Amendments to Loan Agreement.

 

(a)        Effective upon the conclusion of the Interest Period now in effect under the Loan Agreement, the following defined terms are hereby
deleted in their entirety, whether such terms are defined in Section 1.1 of the Loan Agreement or elsewhere in the Loan Agreement:

 

		·	LIBOR

		·	LIBOR Floor

		·	LIBOR Based Loans

		·	LIBOR Rate

		·	USD-LIBOR-Reference Banks

		·	Alternate Rate

		·	Alternate Rate Loan

		·	Alternate Interest Rate Election Notice

 

(b)        The following definitions
in Section 1.1 of the Loan Agreement are hereby amended and restated in their entirety as follows:

 

“Gross Income:
as of any determination date, all rentals, revenues, income and other recurring forms of consideration, received by, or paid to or for
the account of or for the benefit of, Borrower resulting from or attributable to the operation, leasing and occupancy of the Property
(including any expense reimbursements, utilities, storage rental, laundry rental and other miscellaneous income from the Property, but
excluding pre-paid rents and security deposits) determined on a cash basis for the trailing three months, annualized, and using for all
calculations hereunder the actual vacancy rate of the Property at the time of such calculation; specifically excluding, however (i) extraordinary,
or one-time items; (ii) all rents and/or other income derived from any lease (a) whose
tenant is in bankruptcy or is the subject of any other insolvency proceeding, (b) whose (A) lease expiration date is less than or equal
to six months from the time of such calculation, (B) lease term has expired and has not been renewed, or (C) whose tenant has given notice
of its intent to terminate the lease, in each case, during the applicable test period unless a substitute lease with a tenant and on terms
reasonably acceptable to the Lender has been entered into for the space that is the subject of such lease, (c) whose tenant is in default
under the terms, conditions and provisions of said lease, beyond any applicable grace and/or cure period, (d) any tenant(s) whose rent
payment is in arrears for greater than sixty (60) days from the date of any test, unless said tenant is contesting rent in accordance
with the terms of its Lease, (e) which is a “master lease” (i.e., a lease which is entered into by Borrower, as landlord,
with Guarantor, any affiliate or subsidiary of Borrower or Guarantor, or Borrower itself, as tenant), or (f) whose tenant is not in occupancy
or is not paying rent (other than tenants scheduled to commence rent payments within ninety (90) days of the applicable date of determination,
as determined by Administrative Agent in its reasonable discretion); (iii) any revenue derived from a month-to-month tenancy, whether
subject to a written instrument or otherwise; and/or (iv) any and all rent concessions granted by the Borrower in connection with
any Lease. Gross Income shall be adjusted to include free rent periods for leased tenants in occupancy, subject to a maximum of one and
one-half months free rent per lease year, not to exceed twelve (12) months total. Notwithstanding the foregoing to the contrary, all prepaid
rents and all prepaid parking charges (if any) shall spread over the time period to which they pertain. For the purposes of clause (f)
of this definition, a tenant shall be considered to be “in occupancy” if, as of the applicable date of determination, such
tenant shall be subject to a current and binding lease, shall be in actual physical possession and use of its leased space in the Property
for the purposes of conducting its day-to-day business operations under the lease, and shall not have vacated, abandoned, “gone
dark”, or otherwise surrendered its space in the Property; provided, however, that a tenant shall not cease to be
 “in occupancy” solely for the reason that some or all of its employees are, as of the applicable date of determination, working
remotely, rather than in the tenant’s leased space in the Property. For the purpose of clarification, a tenant shall not be considered
to be “in occupancy” if the tenant’s sole use of its leased space is to store furniture, equipment, or any other personalty
at the tenant’s leased premises.

 

     

     

    

 

Hypothetical Debt
Service: with respect to any particular period, the annualized, equal
monthly payments of principal and interest that would have been payable under a hypothetical loan calculated using (a) an initial loan
balance equal to the sum of the aggregate outstanding Principal balance of the Loan plus any unfunded portion of the Loan that remains
available to Borrower upon Borrower’s compliance with the terms and conditions hereof (such sum, the “Total Loan Commitment”),
(b) a twenty-five (25) year amortization period, and (c) an interest rate equal to 3.6725% per annum.

 

Interest Period:
(a) With respect to any SOFR Loan, the period beginning on (and including) the last day of the previous Interest Period and ending
on (but excluding) the day one (1) month following the previous Interest Period; provided that if any Interest Period would otherwise
end on a day which is not a Business Day, that Interest Period shall be extended to the next succeeding Business Day unless the result
of such extension would be to carry such Interest Period into another calendar month, in which event such Interest Period shall end on
the immediately preceding Business Day. Notwithstanding the foregoing, any Interest Period scheduled to end after the Maturity Date shall
end on the Maturity Date; and (b) with respect to any Benchmark Replacement Rate Loan, the period beginning on (and including) the
last day of the previous Interest Period and ending on (but excluding) the date one (1) month following the previous Interest Period.
Notwithstanding the foregoing, any Interest Period scheduled to end after the Maturity Date shall end on the Maturity Date.”

 

     

     

    

 

Notwithstanding the
foregoing, the existing definition of Interest Period shall apply until the conclusion of such Interest Period.

 

“Interest
Rate: the SOFR Rate, or, as applicable pursuant to Section 2.12, the Base Rate, or the Benchmark Replacement Rate.”

 

Notwithstanding the
foregoing, the existing definition of Interest Rate shall apply until the conclusion of the Interest Period in effect on the Effective
Date of this Amendment.

 

“Interest
Rate Spread: with respect to any (a) SOFR Loan, 1.60%, (b) Benchmark Replacement Rate Loan, 1.50% and (c) Base Rate Loan,
0.50%; provided that for any Benchmark Replacement Rate Loan, the Interest Rate Spread may be subject to adjustment in accordance
with the requirements for determining the Benchmark Replacement Rate in Section 2.12.2.

 

Type:
means a SOFR Loan, Base Rate Loan or Benchmark Replacement Rate Loan.”

 

(c)        Section 1.1 of the Loan Agreement is hereby amended to include following additional terms in the appropriate alphabetical order:

 

“Benchmark:
initially, with respect to any SOFR Loan, Term SOFR; provided that if a Benchmark Transition Event and its related Benchmark Replacement
Date have occurred with respect to Term SOFR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark
Replacement Rate to the extent that such Benchmark Replacement Rate has become effective pursuant to Section 2.12.1.

 

Benchmark Replacement
Adjustment: with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement Rate for each
applicable Interest Period, (i) the spread adjustment, or method for calculating or determining such spread adjustment, (which may be
a positive or negative value or zero) that has been recommended for the replacement of the Benchmark with the applicable Unadjusted Benchmark
Replacement Rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread
adjustment, or method for calculating or determining such spread adjustment, for the replacement of the Benchmark with the applicable
Unadjusted Benchmark Replacement Rate for U.S. dollar-denominated syndicated credit facilities at such time.

 

Benchmark Replacement
Conforming Changes: with respect to any Benchmark Replacement Rate, any technical, administrative or operational changes (including,
among others, changes to the definition of “Base Rate”, the definition of “Business Day,” the definition of “Interest
Period,” the timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment,
conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative
or operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark
Replacement Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market
practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible
or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement Rate exists, in
such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration
of this Agreement and the other Loan Documents).

 

     

     

    

 

Benchmark Replacement
Date: the earlier to occur of the following events with respect to the then-current Benchmark:

 

(1)        in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date
of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark
permanently or indefinitely ceases to provide such Benchmark; or

 

(2)        in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement
or publication of information referenced therein.

 

Benchmark Replacement
Rate: the sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent giving due consideration
to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a rate by the Relevant Governmental
Body or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to SOFR-based rates
for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark Replacement Adjustment; provided that, if the Benchmark
Replacement Rate as so determined would be less than zero, the Benchmark Replacement Rate will be deemed to be zero for the purposes of
this Agreement.

 

Benchmark Replacement
Rate Loan: a Loan that bears interest at the Benchmark Replacement Rate.

 

Benchmark Transition
Event: the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

(1)     a public statement or publication of information by or on behalf of the administrator of such Benchmark announcing that
such administrator has ceased or will cease to provide such Benchmark (or such component thereof), permanently or indefinitely, provided
that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark (or
such component thereof);

 

(2)        a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or
the published component used in the calculation thereof), the Board of Governors of the Federal Reserve System, the Federal Reserve Bank
of New York, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority
with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution
authority over the administrator for such Benchmark (or such component), which states that the administrator of such Benchmark (or such
component) has ceased or will cease to provide such Benchmark (or such component thereof) permanently or indefinitely; provided that,
at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark (or such
component thereof); or

 

(3)        a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or
the published component used in the calculation thereof) announcing that such Benchmark (or such component thereof) are no longer representative.

 

     

     

    

 

Benchmark Transition
Start Date: in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii)
if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the
expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event
is fewer than 90 days after such statement or publication, the date of such statement or publication).

 

Benchmark Unavailability
Period: the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that
definition has occurred if, at such time, no Benchmark Replacement Rate has replaced the then-current Benchmark for all purposes hereunder
and under any Loan Document in accordance with Section 2.12 and (y) ending at the time that a Benchmark Replacement Rate has replaced
the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.12.

 

Lending Office:
means, with respect to any Lender, the office or offices of such Lender specified as its “Lending Office” beneath its name
on the applicable signature page hereto, or such other office or offices of such Lender as it may from time to time notify the Borrower
and Administrative Agent.

 

Relevant Governmental
Body: means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened
by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. For the avoidance of doubt, the Alternative
Rates Reference Committee constitutes a Relevant Governmental Body.

 

SOFR: with
respect to any U.S. Government Securities Business Day, a rate per annum equal to the secured overnight financing rate for such day published
by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding day.

 

     

     

    

 

SOFR Administrator:
the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

 

SOFR Administrator’s
Website: the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source
for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

 

SOFR Loan:
Loans that bear interest at the SOFR Rate.

 

SOFR Rate:
A rate of interest equal to Term SOFR as of the Reset Date applicable to any Interest Period, plus the Interest Rate Spread. If Term SOFR
is not available as of 5pm (New York time) on any Reset Date, the SOFR Rate shall be computed based on Term SOFR that was published on
the first preceding U.S. Government Securities Business Day, as long as such day is not more than three (3) U.S. Government Securities
Business Days prior to the Reset Date.

 

Term SOFR:
the forward-looking term rate for a one-month period based on SOFR that has been selected or recommended by the Relevant Governmental
Body; provided that, if Term SOFR as so determined would be less than zero, Term SOFR will be deemed to be zero for the purposes
of this Agreement.

 

Unadjusted Benchmark
Replacement Rate: the Benchmark Replacement Rate excluding the Benchmark Replacement Adjustment.

 

U.S. Government
Securities Business Day: any day except for a Saturday, Sunday, or a day on which the Securities Industry and Financial Markets
Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United
States government securities.”

 

(d)      Clause (b) of Section 2.2.4 of the Loan Agreement is hereby amended by deleting the reference to “LIBOR Based Loan”
therein and replacing such reference with “SOFR Loan.”

 

(e)        Section 2.4 of the Loan Agreement (LIBOR Elections) is hereby deleted in its entirety.

 

(f)        New Section 2.9 is hereby incorporated into Article 2 of the Loan Agreement as follows:

 

“Section 2.9Return
of Payments.

 

2.9.1       If
the Administrative Agent pays an amount to a Lender under this Loan Agreement in the belief or expectation that a related payment has
been or will be received by the Administrative Agent from the Borrower and such related payment is not received by the Administrative
Agent, then the Administrative Agent will be entitled to recover such amount from such Lender on demand without setoff, counterclaim,
defense, or deduction of any kind.

 

     

     

    

 

2.9.2       
If the Administrative Agent determines at any time that any amount received by the Administrative Agent under this Loan Agreement
or any other Loan Document must be returned to any loan party or paid to any other Person pursuant to any insolvency law or otherwise,
then, notwithstanding any other term or condition of this Agreement or any other Loan Document, the Administrative Agent will not be required
to distribute any portion thereof to any Lender. In addition, each Lender will repay to the Administrative Agent on demand any portion
of such amount that the Administrative Agent has distributed to such Lender, together with interest at such rate, if any, as the Administrative
Agent is required to pay to any Borrower or such other Person, without setoff, counterclaim or deduction of any kind, and the Administrative
Agent will be entitled to set-off against future distributions to such Lender any such amounts (with interest) that are not repaid on
demand.

 

2.9.3       
(i) If the Administrative Agent notifies a Lender or any Person who has received funds on behalf of a Lender (any such Lender
or other recipient, a “Payment Recipient”), that the Administrative Agent has determined in its sole discretion that
any funds received by such Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously transmitted to, or
otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender or other Payment Recipient
on its behalf) (any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise,
individually and collectively, an “Erroneous Payment”) and demands the return of such Erroneous Payment (or a portion
thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent and held in trust for the benefit
of the Administrative Agent, and such Lender shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall
cause such Payment Recipient to) promptly, but in no event later than two (2) Business Days thereafter, return to the Administrative Agent
the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so
received), together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof)
was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater
of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation from time to time in effect. A notice of the Administrative Agent to any Payment Recipient under this Section 2.9.3
shall be conclusive, absent manifest error.

 

     

     

    

 

(ii)             
Without limiting the immediately preceding Section 2.9.3(i), each Payment Recipient hereby further agrees that if it receives
a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution
or otherwise) from the Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date
from, that specified in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with
respect to such payment, prepayment or repayment (a “Payment Notice”), (y) that was not preceded or accompanied by
a Payment Notice, or (z) that such Payment Recipient otherwise becomes aware was transmitted, or received, in error or by mistake (in
whole or in part) in each case, then (1) in the case of immediately preceding clauses (x) or (y), an error shall be presumed
to have been made (absent written confirmation from the Administrative Agent to the contrary) or (2) an error has been made (in the case
of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment.

 

(iii)           
Each Lender hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to such
Lender under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such Lender from any source, against
any amount due to the Administrative Agent under Section 2.9.3(i) above or under the indemnification provisions of this Loan Agreement.

 

(iv)            
The Borrower and each other loan party hereby agree that (x) in the event an Erroneous Payment (or portion thereof) is not recovered
from any Payment Recipient that has received such Erroneous Payment (or portion thereof) for any reason, the Administrative Agent shall
be contractually subrogated (irrespective of whether the Administrative Agent may be equitably subrogated) to all the rights of such Lender
under the Loan Documents with respect to such amount, (y) an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise
satisfy any Obligations owed by the Borrower or any other loan party, except, in each case, to the extent such Erroneous Payment is, and
solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from or on
behalf of the Borrower or any other loan party or from the Property for the purpose of making such Erroneous Payment, and (z) to the extent
that an Erroneous Payment was in any way or at any time credited as a payment or satisfaction of any of the Obligations, the Obligations
or part thereof that were so credited, and all rights of the applicable Lender or the Administrative Agent, as the case may be, shall
be reinstated and continue in full force and effect as if such payment or satisfaction had never been received; provided, however,
the amount of such Erroneous Payment that is comprised of funds received by the Administrative Agent from or on behalf of the Borrower
or any other loan party or the Property for the purpose of making such Erroneous Payment shall be credited as a payment or satisfaction
of the Obligations and the Obligations or part thereof that were so credited shall not be reinstated.

 

     

     

    

 

(v)              
To the extent permitted by applicable Legal Requirements, no Payment Recipient shall assert any right or claim to an Erroneous
Payment, and hereby waives, and is deemed to waive, any claim, counterclaim (other than a mandatory counterclaim), defense or right of
set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment
received, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine.

 

(vi)            
Each party’s obligations, agreements and waivers under this Section 2.9.3 shall survive the resignation or replacement
of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of any Commitment
or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.”

 

(g)        Section 2.11.2 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

“2.11.2
Illegality. If after the date hereof any Lender shall determine that the introduction of any Legal Requirements, or any change
in any Legal Requirements or in the interpretation or administration thereof, has made it unlawful, or that any central bank or other
Governmental Authority has asserted that it is unlawful, for any Lender or its Lending Office to make SOFR Loans, then, on notice thereof
by such Lender to the Borrower through Administrative Agent, the obligation of that Lender to make SOFR Loans shall be suspended until
such Lender shall have notified Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer
exists.

 

(a) Subject to clause
(c) below, if any Lender shall determine that it is unlawful to maintain any SOFR Loan, the Borrower shall prepay in full all SOFR Loans
of such Lender then outstanding, together with interest accrued thereon, either on the Monthly Payment Due Date therefor if such Lender
may lawfully continue to maintain such SOFR Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such
SOFR Loans, together with any amounts required to be paid in connection therewith pursuant to Section 2.2.4.

 

(b) If the obligation
of any Lender to make or maintain SOFR Loans has been terminated, the Borrower may elect, by giving notice to such Lender through Administrative
Agent that all Loans which would otherwise be made by any such Lender as SOFR Loans shall be instead Base Rate Loans.

 

(c) Before giving
any notice to Administrative Agent pursuant to this Section 2.11.2, the affected Lender shall designate a different Lending Office
with respect to its SOFR Loans if such designation will avoid the need for giving such notice or making such demand and will not, in the
judgment of the Lender, be illegal or otherwise disadvantageous to the Lender.”

 

(h)        Section 2.12 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

     

     

    

 

“2.12Effect of Benchmark Transition Event.

 

2.12.1 Benchmark
Replacement Rate. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark
Transition Event, the Administrative Agent and the Borrower may amend this Agreement to replace the then-current Benchmark with a Benchmark
Replacement Rate. Any such amendment will become effective at 5:00 p.m. on the fifth (5th) U.S. Government Securities Business Day after
the Administrative Agent has posted such proposed amendment to all Lenders and the Borrower so long as the Administrative Agent has not
received, by such time, written notice of objection to such amendment from Lenders comprising the Majority Lenders. No replacement of
the then-current Benchmark with a Benchmark Replacement Rate pursuant to this Section 2.12.1 will occur prior to the applicable
Benchmark Transition Start Date.

 

2.12.2 Benchmark
Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement Rate, the Administrative Agent will
have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein
or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without
any further action or consent of any other party to this Agreement.

 

2.12.3  Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any
occurrence of a Benchmark Transition Event and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii) the
implementation of any Benchmark Replacement Rate, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the
commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative
Agent or Lenders pursuant to this Section 2.12.3, including any determination with respect to a tenor, rate or adjustment or of
the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action will be
conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party
hereto, except, in each case, as expressly required pursuant to this Section 2.12.3.

 

2.12.4 Benchmark
Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower
may revoke any request for a borrowing of, conversion to or continuation of a SOFR Loan to be made, converted or continued during any
Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a
Borrowing of or conversion to Base Rate Loans.”

 

(i) Section 5.33.2 of the
Loan Agreement (Debt Yield) is hereby amended to delete the reference to “8.0%” therein and replace such reference with “7.5%”.

 

     

     

    

 

2.        Additional Agreements. Borrower hereby agrees to prepay a portion of the unpaid Principal in the aggregate amount of $5,500,000.00
(the “Prepaid Principal Amount”). Lender shall permit the Borrower to use all funds in the Cash Collateral Account
and the Operating Expense Account (as each term is defined in the Cash Management Agreement) as of the Effective Date to pay the Prepaid
Principal Amount (and, accordingly, to partially prepay the unpaid Principal, without payment of any prepayment premium or penalty).

 

3.        Waiver of Potential Existing Default. Notwithstanding anything to the contrary in the Loan Agreement or other Loan Documents,
the Administrative Agent, on behalf of itself and the Lenders, in consideration of the Borrower’s payment of the Prepaid Principal
Amount in accordance with the terms and conditions of this Amendment hereby irrevocably waives the Potential Existing Default. Except
as set forth in this Section 3 of this Amendment, nothing contained in this Amendment shall be construed as a waiver by the Administrative
Agent of any covenant or provision of the Loan Agreement (as amended hereby), the Loan Documents, this Amendment, or of any other contract
or instrument between Borrower and the Administrative Agent, and the failure of the Administrative Agent at any time or times hereafter
to require strict performance by Borrower of any provision thereof shall not waive, affect or diminish any right of the Administrative
Agent demand strict compliance therewith. Except as otherwise expressly waived hereby in this Section 3, the Administrative Agent hereby
reserves all rights granted under the Loan Agreement, the Loan Documents, this Amendment and any other contract or instrument between
Borrower and the Administrative Agent.

 

4.        Representations; No Default. Borrower represents and warrants that:

 

(a)        except as set forth on Schedule I attached hereto, the representations and warranties contained in the Loan Agreement, as
amended hereby, and the representations and warranties contained in the Loan Documents are true and correct in all material respects on
and as of the date hereof as if made on as and as of such date except to the extent that any such representation or warranty expressly
relates solely to an earlier date, in which case such representation or warranty is true and correct in all material respects as of such
earlier date;

 

(b)       except for the Potential Existing Default (which is being irrevocably waived by Administrative Agent and Lenders pursuant to this
Amendment), no Event of Default exists under the Loan Agreement;

 

(c)      the execution, delivery and performance of this Amendment are within the corporate power and authority of the Borrower and has
been duly authorized by appropriate corporate action and proceedings;

 

(d)        this Amendment constitutes the legal, valid, and binding obligation of the Borrower enforceable in accordance with its terms, except
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the rights of creditors generally
and general principles of equity;

 

(e)      there are no governmental or other third-party consents, licenses and approvals required in connection with the execution, delivery,
performance, validity and enforceability of this Amendment; and

 

(f)        all of the liens, privileges, priorities and equities existing and to exist under and in accordance with the terms of the Mortgage
and any other security agreement are hereby confirmed, extended and carried forward as security for all of the indebtedness and other
obligations of Borrower to the Administrative Agent. The Borrower acknowledges that such documents shall continue to secure any and all
indebtedness of Borrower to the Administrative Agent from time to time existing.

 

     

     

    

 

5.        Conditions Precedent to Effectiveness.

 

The effectiveness of this
Amendment is subject to the satisfaction of the following conditions precedent, unless specifically waived in writing by the Administrative
Agent (the first date upon which all such conditions have been satisfied being herein called the (“Effective Date”)):

 

(a)      Administrative Agent shall have received this Amendment duly executed by the Administrative Agent, the Lenders and Borrower, in
form and substance satisfactory to the Administrative Agent and its legal counsel;

 

(b)      Administrative Agent shall have received all other documents the Administrative Agent may reasonably request with respect to any
matter relevant to this Amendment or the transactions contemplated hereby, in form and substance satisfactory to the Administrative Agent
and its legal counsel;

 

(c)     Borrower shall have reimbursed the Administrative Agent for all fees, costs, expenses and taxes incurred by the Administrative
Agent in connection with this Amendment;

 

(d)      Administrative Agent shall have received the Prepaid Principal Amount;

 

(e)    The representations and warranties contained herein shall be true and correct as of the date hereof and the representations and
warranties contained in the Loan Agreement or in the Loan Documents shall be true and correct in all material respects (without duplication
of any materiality qualifier contained therein) on and as of the date hereof as though made on and as of such date, except to the extent
that such representations and warranties relate solely to an earlier date or as otherwise disclosed to Lender on Schedule I attached
hereto; and

 

(f)     No Event of Default other than the Potential Existing Default shall have occurred and be continuing and no Event of Default will
result from the execution, delivery or performance of this Amendment.

 

6.        Confirmation and Ratification of Loan Agreement and Loan Documents. Except as expressly modified herein, the Loan Agreement
and all other Loan Documents shall continue in full force and effect. The Loan Agreement as amended herein and all other Loan Documents
are hereby ratified and confirmed by the parties hereto.

 

7.       No Novation. Nothing in this Amendment shall constitute the satisfaction or extinguishment of any amounts owed under the
Note, nor shall it be a novation of any amounts owed under the Note.

 

8.        Counterparts. This Amendment may be signed in any number of counterparts, each of which shall be an original and all of
which, when taken together, shall constitute one and the same instrument. This Amendment may be delivered by facsimile transmission, by
electronic mail, or by other electronic transmission, in portable document format (.pdf), or other electronic or facsimile format, and
each such executed facsimile, .pdf, or other electronic record shall be considered an original executed counterpart for purposes of this
Amendment. Each Party to this Amendment (a) agrees that it will be bound by its own Electronic Signature (as such term is defined immediately
below), (b) accepts the Electronic Signature of each other Party to this Amendment, and (c) agrees that such Electronic Signatures shall
be the legal equivalent of manual signatures. The term “Electronic Signature” means (i) the signing party’s manual signature
on a signature page, converted by the signing party (or its agent) to facsimile or digital form (such as a .pdf file) and received from
the customary email address or customary facsimile number of the signing party (or its counsel or representative), or other mutually agreed-upon
authenticated source; or (ii) the signing party’s digital signature executed using a mutually agreed-upon digital signature service
provider and digital signature process. The words “execution,” “executed”, “signed,” “signature,”
and words of like import in this paragraph shall, for the avoidance of doubt, be deemed to include Electronic Signatures and the use and
keeping of records in electronic form, each of which shall have the same legal effect, validity and enforceability as manually executed
signatures and the use of paper records and paper-based recordkeeping systems, as the case may be, to the extent and as provided for in
any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, state laws based on the Uniform Electronic
Transactions Act, the New York State Electronic Signatures and Records Act, the Illinois Electronic Commerce Security Act, or any other
similar state law.

 

     

     

    

 

9.        Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the Parties and their respective
successors and assigns permitted pursuant to the Loan Agreement.

 

10.        Invalidity. In the event that any one or more of the provisions contained in this Amendment shall for any reason be held
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision
of this Amendment.

 

11.        Governing Law. THE VALIDITY OF THIS AMENDMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF, AND THE RIGHTS
OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

12.       Further Assurances. Borrower shall execute and deliver to the Administrative Agent from time to time, upon demand, such
supplemental agreements, documents, statements, assignments, transfers, or such other instruments as the Administrative Agent or Lenders
may request, in order that the full intent of the Loan Agreement and this Amendment may be carried into effect.

 

13.        Release. BORROWER HEREBY ACKNOWLEDGES THAT IT HAS NO DEFENSE, COUNTERCLAIM, OFFSET, CROSS COMPLAINT, CLAIM OR DEMAND
OF ANY KIND OR NATURE WHATSOEVER THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF ITS LIABILITY TO REPAY THE “OBLIGATIONS”
OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM THE ADMINISTRATIVE AGENT OR LENDERS. BORROWER HEREBY VOLUNTARILY AND
KNOWINGLY RELEASES AND FOREVER DISCHARGES THE ADMINISTRATIVE AGENT AND LENDERS, THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND
ASSIGNS, FROM ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR
UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING IN
WHOLE OR IN PART ON OR BEFORE THE DATE THIS AMENDMENT IS EXECUTED, WHICH BORROWER MAY NOW OR HEREAFTER HAVE AGAINST THE ADMINISTRATIVE
AGENT OR LENDERS, THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, IF ANY, AND IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE
OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, AND ARISING FROM ANY “LOANS”, INCLUDING, WITHOUT LIMITATION,
ANY CONTRACTING FOR, CHARGING, TAKING, RESERVING, COLLECTING OR RECEIVING INTEREST IN EXCESS OF THE HIGHEST LAWFUL RATE APPLICABLE, THE
EXERCISE OF ANY RIGHTS AND REMEDIES UNDER THE LOAN AGREEMENT OR OTHER LOAN DOCUMENTS, AND NEGOTIATION FOR AND EXECUTION OF THIS AMENDMENT.

  

[The remainder of this page has been left blank
intentionally.]

 

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Amendment to be executed as the date first written above, but effective as of the Effective Date.

 

	 	BORROWER:
	 	 	 
	 	ARC NYC570SEVENTH, LLC, a Delaware limited liability company
	 	 	 
	 	By: New York City Operating Partnership, L.P., a Delaware limited partnership, its sole member
	 	 	 
	 	By: New York City REIT, Inc., a Maryland Corporation, its General Partner
	 	 	 
	 	By:	/s/ Michael R. Anderson
	 	 	Michael R. Anderson
	 	 	Authorized Signatory
	 	 	 

 

    Signature Page
Waiver and Amendment to Term Loan Agreement

     

    

 

	 	ADMINISTRATIVE AGENT:
	 	 	 
	 	Capital One, National Association
	 	 	 
	 	 	 
	 	By:	/s/ Matthew Brower
	 	 	Matthew Brower, Senior Director
	 	 	 
	 	 	 
	 	LENDERS:
	 	 	 
	 	Capital One, National Association
	 	 	 
	 	By:	/s/ Matthew Brower
	 	 	Matthew Brower, Senior Director
	 	 	 
	 	 	 
	 	Lending office:
	 	299 Park Avenue
	 	29th Floor
	 	New York, New York 10171
	 	 	 
	 	 	 

 

    Signature Page
Waiver and Amendment to Term Loan Agreement

     

    

 

SCHEDULE IEX-4.1

 Exhibit 4.1 
  

 
  

ADVANCE AUTO PARTS, INC. 

NINTH SUPPLEMENTAL INDENTURE 

Dated as of March 4, 2022 

to the 
 INDENTURE

 Dated as of April 29, 2010 among 

ADVANCE AUTO PARTS, INC. 

as Issuer, 
 EACH OF THE
SUBSIDIARY GUARANTORS FROM TIME TO TIME PARTY HERETO 
 and 

COMPUTERSHARE TRUST COMPANY, N.A., 

as Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I Definitions
	  	 	1	 
			
	 SECTION 1.1
	 	Definitions	  	 	1	 
		
	 ARTICLE II Designation and Terms of the Securities
	  	 	4	 
			
	 SECTION 2.1
	 	Title and Aggregate Principal Amount; Subsidiary Guarantee	  	 	4	 
	 SECTION 2.2
	 	Execution	  	 	4	 
	 SECTION 2.3
	 	Other Terms of the Notes; Denominations	  	 	4	 
	 SECTION 2.4
	 	Further Issues of Notes	  	 	4	 
	 SECTION 2.5
	 	Interest and Principal	  	 	4	 
	 SECTION 2.6
	 	Place and Manner of Payment	  	 	4	 
	 SECTION 2.7
	 	Form of Notes	  	 	5	 
	 SECTION 2.8
	 	Depositary; Registrar; Paying Agent; Corporate Trust Office	  	 	5	 
	 SECTION 2.9
	 	Optional Redemption	  	 	5	 
	 SECTION 2.10
	 	Sinking Fund	  	 	5	 
	 SECTION 2.11
	 	Change of Control	  	 	6	 
	 SECTION 2.12
	 	Defeasance and Covenant Defeasance	  	 	7	 
		
	 ARTICLE III Amendments to the Original Indenture
	  	 	7	 
			
	 SECTION 3.1
	 	Definitions	  	 	7	 
	 SECTION 3.2
	 	Execution and Authentication	  	 	8	 
	 SECTION 3.3
	 	SEC Reports	  	 	8	 
	 SECTION 3.4
	 	Limitations on Liens	  	 	9	 
	 SECTION 3.5
	 	Limitation on Sale and Leaseback Transactions	  	 	9	 
	 SECTION 3.6
	 	Subsidiary Guarantees	  	 	9	 
	 SECTION 3.7
	 	Events of Default	  	 	9	 
	 SECTION 3.8
	 	Limitation on Suits	  	 	9	 
	 SECTION 3.9
	 	Duties of Trustee	  	 	9	 
	 SECTION 3.10
	 	Rights of Trustee	  	 	9	 
	 SECTION 3.11
	 	Notice of Defaults	  	 	9	 
	 SECTION 3.12
	 	Compensation and Indemnity	  	 	10	 
	 SECTION 3.13
	 	Without Consent of Holders	  	 	10	 
	 SECTION 3.14
	 	Conditions to Legal or Covenant Defeasance	  	 	10	 
	 SECTION 3.15
	 	Force Majeure	  	 	10	 
		
	 ARTICLE IV Miscellaneous
	  	 	10	 
			
	 SECTION 4.1
	 	Ratification of Original Indenture; Supplemental Indentures Part of Original Indenture	  	 	10	 
	 SECTION 4.2
	 	Concerning the Trustee	  	 	10	 
	 SECTION 4.3
	 	Counterparts	  	 	11	 
	 SECTION 4.4
	 	GOVERNING LAW; WAIVER OF JURY TRIAL; CONSENT TO JURISDICTION AND SERVICES	  	 	11	 

  

  
 i 

 NINTH SUPPLEMENTAL INDENTURE, dated as of March 4, 2022 (this “Ninth
Supplemental Indenture”), among ADVANCE AUTO PARTS, INC., a Delaware corporation (the “Company”), ADVANCE STORES COMPANY, INCORPORATED, a Virginia corporation (the “Subsidiary Guarantor”) and COMPUTERSHARE
TRUST COMPANY, N.A., a national banking association, as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), to the Indenture, dated as of April 29, 2010 (as amended or supplemented as of the date
hereof, the “Original Indenture” and, together with the Ninth Supplemental Indenture, the “Indenture”), among the Company, the subsidiary guarantors from time to time party thereto and the Trustee. 

WHEREAS, the Company, the subsidiary guarantors party thereto and the Trustee have heretofore executed and delivered the Original Indenture to
provide for the issuance from time to time of Securities (as defined in the Original Indenture) of the Company, to be issued in one or more Series; 

WHEREAS, Section 9.01 of the Original Indenture provides that the Company, the Subsidiary Guarantor and the Trustee may amend or
supplement the Original Indenture without the consent of any Holder to, among other things, (i) establish the form or terms of Securities and coupons of any Series pursuant to Article Two of the Original Indenture and (ii) make any change
not otherwise specified in Section 9.01 of the Original Indenture that does not adversely affect the rights of any Holder in any material respect; 

WHEREAS, the Company (i) desires the issuance of a Series of Securities to be designated as hereinafter provided and the modification of
certain provisions of the Original Indenture and (ii) has requested the Trustee to enter into this Ninth Supplemental Indenture for such purposes; and 

WHEREAS, all actions on the part of the Company necessary to authorize the issuance of the Notes (as defined herein) under the Original
Indenture and this Ninth Supplemental Indenture have been duly taken. 
 NOW, THEREFORE, THIS NINTH SUPPLEMENTAL INDENTURE WITNESSETH: 

That, in order to establish the designation, form, terms and conditions of, and to authorize the authentication and delivery of, the Notes,
and in consideration of the acceptance of the Notes by the Holders thereof and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 

Definitions 

SECTION 1.1 Definitions. 
 (A)
Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Original Indenture. 

(B) The rules of interpretation set forth in the Original Indenture shall be applied hereto as if set forth in full herein. 

(C) For all purposes of this Ninth Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires,
the following terms shall have the following respective meanings (such meanings shall apply equally to both the singular and plural forms of the respective terms): 

“Change of Control” means the occurrence of any one of the following: 

 

	 	(1)	 the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole to any Person (including any “person” (as that term is used in Section 13(d)(3)
of the Exchange Act)) other than the Company or one of its Subsidiaries; 

	 	(2)	 the consummation of any transaction (including without limitation, any merger or consolidation) the result of
which is that any Person (including any “person” (as that term is used in Section 13(d)(3) of the Exchange Act)) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock of the Company or any other Voting Stock into which the Voting Stock of the Company is reclassified,
consolidated, exchanged or changed, measured by voting power rather than number of shares; 

  

	 	(3)	 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 any other Voting Stock into which the Voting Stock of the Company is reclassified, consolidated, exchanged or
changed) or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Voting Stock of the Company (or any other Voting Stock into which the Voting Stock of the
Company is reclassified, consolidated, exchanged or changed) outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving Person immediately after giving effect
to such transaction; or 

  

	 	(4)	 the adoption of a plan relating to the liquidation or dissolution of the Company. 

“Change of Control Triggering Event” means the Notes cease to be rated Investment Grade by each of the Rating Agencies on any
date during the Trigger Period. If a Rating Agency is not providing a rating for the Notes at the commencement of any Trigger Period, the Notes will be deemed to have ceased to be rated Investment Grade by such Rating Agency during that Trigger
Period. Notwithstanding the foregoing, no Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually occurred. 

“Credit Facility” means the credit agreement, dated as of November 9, 2021, among the Company, the Subsidiary Guarantor,
the lenders referred to therein and Bank of America, N.A., as administrative agent, as amended, extended, renewed, restated, replaced, supplemented or otherwise modified (in whole or in part, and without limitation as to amount, terms, conditions,
covenants and other provisions) from time to time. 
 “Definitive Note” means a Note in definitive registered form without
coupons. 
 “Existing Notes” means the Company’s 4.50% Senior Unsecured Notes due December 1, 2023, 1.75% Senior
Unsecured Notes due October 1, 2027 and 3.90% Senior Unsecured Notes due April 15, 2030. 
 “Global Notes” means
Notes in the form of a Global Security as delivered to the Depositary. 
 “Investment Grade” means a rating of Baa3 or
better by Moody’s (or its equivalent under any successor rating category of Moody’s), and a rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P).

 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the
Depositary, Euroclear or Clearstream, respectively (and, with respect to the Depositary, shall include Euroclear or Clearstream). 

“Property” means any building, structure or other facility, together with the land upon which it is erected and fixtures
comprising a part thereof, used primarily for selling automotive parts and accessories or the warehousing or distributing of such products, owned or leased by the Company or any Significant Subsidiary of the Company. 

“Rating Agency” means each of Moody’s and S&P; provided that if either Moody’s or S&P ceases to
provide rating services to companies or investors, the Company may appoint a replacement for such Rating Agency. 
 “Significant
Subsidiary” means any subsidiary of the Company that would be a “significant subsidiary” of the Company within the meaning of Rule 1-02 under Regulation
S-X promulgated by the SEC. 

  
 2 

 “S&P” means S&P Global Ratings, a division of S&P Global Inc.,
and any successor thereto. 
 “Treasury Rate” means, with respect to any redemption date, the yield determined by the
Company in accordance with the following two paragraphs: 
 The Treasury Rate shall be determined by the Company after 4:15 p.m., New York
City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third business day preceding the redemption date based upon the yield or yields for the most
recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or any successor
designation or publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities–Nominal” (or any successor caption or heading). In determining the Treasury Rate, we shall select, as
applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the redemption date to the Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15
exactly equal to the Remaining Life, the two yields – one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the
Remaining Life – and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity
on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall
be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the redemption date. 

If on the third business day preceding the redemption date H.15 or any successor designation or publication is no longer published, we shall
calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second business day preceding such redemption date of the United States Treasury security
maturing on, or with a maturity that is closest to, the Par Call Date, as applicable. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity date
equally distant from the Par Call Date, one with a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, we shall select the United States Treasury security with a maturity date preceding the Par Call
Date. If there are two or more United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, we shall select from among these two or more United
States Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the
Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal
amount) at 11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places. 
 “Trigger
Period” means the period commencing 60 days prior to the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger
Period will be extended following consummation of a Change of Control for so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change). 

“Voting Stock” of any specified Person as of any date means the capital stock of such Person that is at the time entitled to
vote generally in the election of the board of directors of such Person. 

  
 3 

 Other Definitions: 

 

			
	 Term
	  	Defined in Section
	“Change of Control Offer”	  	2.11
	“Change of Control Payment”	  	2.11
	“Change of Control Payment Date”	  	2.11
	“Interest Payment Date”	  	2.5
	“Notes”	  	2.1
	“Par Call Date”	  	2.9
	“Process Agent”	  	5.4
	“Record Date”	  	2.5

 ARTICLE II 

Designation and Terms of the Securities 

SECTION 2.1 Title and Aggregate Principal Amount; Subsidiary Guarantee. There is hereby created one Series of
Securities designated 3.500% Notes due 2032 (the “Notes”) initially issued in an aggregate principal amount of $350,000,000. The Notes will initially be guaranteed by the Subsidiary Guarantor on the terms set forth in Article Ten of
the Original Indenture. 
 SECTION 2.2 Execution. The Notes may forthwith be executed by the Company and delivered to
the Trustee for authentication and delivery by the Trustee in accordance with the provisions of Section 2.04 of the Original Indenture. 

SECTION 2.3 Other Terms of the Notes; Denominations. The Notes shall have and be subject to such other terms as provided
in the Original Indenture and this Ninth Supplemental Indenture and shall be evidenced by one or more Global Notes in the form of Exhibit A hereto. The Notes shall only be issued in denominations of $2,000 and integral multiples of $1,000 in
excess thereof. 
 SECTION 2.4 Further Issues of Notes. The Company may, from time to time, without notice to or the
consent of the Holders of the Notes, issue additional notes, in which case any additional notes so issued will have the same form and terms (other than the date of issuance and, under certain circumstances, the date from which interest thereon will
begin to accrue), and will carry the same right to receive accrued and unpaid interest, as the Notes, and such additional notes will form a single series with the Notes, including for voting purposes; provided that any additional notes that
are not fungible with the Notes for U.S. federal income tax purposes will have a separate CUSIP, ISIN and other identifying number from the Notes. 

SECTION 2.5 Interest and Principal. The Notes will mature on March 15, 2032 and will bear interest at the rate of
3.500% per annum. The Company will pay interest on the Notes on each March 15 and September 15 (each an “Interest Payment Date”), beginning on September 15, 2022, to the holders of record on the immediately preceding
March 1 or September 1 (each a “Record Date”), respectively. If the Company delivers Global Notes to the Trustee for cancellation on a date that is after the Record Date and on or before the corresponding Interest Payment
Date, then interest shall be paid in accordance with the provisions of the Depositary. Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of issuance. Payments
of principal of and interest on the Notes shall be made in Dollars, and the Notes shall be denominated in Dollars. 
 SECTION 2.6
Place and Manner of Payment. The place of payment where the Notes issued in the form of Definitive Notes may be presented or surrendered for payment, where the principal of and interest and any other payments due on the Notes issued in
the form of Definitive Notes are payable, where the Notes may be surrendered for registration of transfer or exchange and where notices and demands to and upon the Company in respect of the Notes and the Indenture may be served shall be the
Corporate Trust Office of the Trustee specified in Section 2.8 hereof. The Company shall pay principal and interest (i) on any Definitive Note by wire transfer of immediately available funds to the account specified by the Holder thereof
or, if no such account is specified, by mailing a check to such Holder’s address as it appears in the Note register, or (ii) on any Global Note by wire transfer of immediately available funds to the account of the Depositary or its
nominee. 

  
 4 

 SECTION 2.7 Form of Notes. Notes shall be issued in the form of one or
more Global Notes in definitive, fully registered form without interest coupons with such applicable legends as are provided for in Section 2.15(c) of the Original Indenture, except as otherwise permitted herein. Such Global Notes shall be
registered in the name of the Depositary or its nominee and deposited with the Trustee, at its Corporate Trust Office, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee as provided in the Original
Indenture. The Global Notes shall constitute Global Securities for purposes of the Original Indenture, and the Company shall only issue Definitive Notes under the circumstances set forth in Section 2.15(b) of the Original Indenture. 

SECTION 2.8 Depositary; Registrar; Paying Agent; Corporate Trust Office. The Company initially appoints The
Depository Trust Company to act as Depositary with respect to the Global Notes. The Company initially appoints the Trustee to act as the Registrar and the Paying Agent and designates the Trustee’s Corporate Trust Office located at 600 South 4th
Street, 7th Floor, Minneapolis, Minnesota 55415 as the office or agency referred to in Section 2.05 of the Original Indenture. 

SECTION 2.9 Optional Redemption. 

(a) Prior to December 15, 2031 (three months prior to the Stated Maturity of the Notes) (the “Par Call Date”),
the Company may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: 

(1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the
redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus 30 basis points less (b) interest accrued to the date of redemption; and 
 (2) 100% of the principal amount
of the notes to be redeemed, 
 plus, in either case, accrued and unpaid interest thereon to, but excluding, the redemption
date. 
 (b) On or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time and from time
to time, at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date. 

(c) The Company’s actions and determinations in determining the redemption price shall be conclusive and binding for all
purposes, absent manifest error. 
 (d) Notice of any redemption will be mailed or electronically delivered (or otherwise
transmitted in accordance with the Depositary’s procedures) at least 10 days but not more than 60 days before the redemption date to each Holder of the Notes to be redeemed. 

(e) In the case of a partial redemption, selection of the Notes for redemption will be made pro rata, by lot or by such other
method as the Trustee in its sole discretion deems appropriate and fair. No Notes of a principal amount of $2,000 or less will be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption that relates to the Note will
state the portion of the principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed portion of the Note will be issued in the name of the Holder of the Note upon surrender for cancellation of the original
Note. For so long as the Notes are held by the Depositary, the redemption of the Notes shall be done in accordance with the policies and procedures of the Depositary. 

(f) Unless the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to
accrue on the Notes or portions thereof called for redemption. 
 SECTION 2.10 Sinking Fund. The Notes will not have
the benefit of any sinking fund. 

  
 5 

 SECTION 2.11 Change of Control. 

(a) Upon the occurrence of a Change of Control Triggering Event, the Company will make an offer (a “Change of Control
Offer”) to each Holder to repurchase all or any part (in integral multiples of $1,000) of each Holder’s Notes at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest on the Notes
repurchased, if any, to the date of purchase, subject to the rights of holders of Notes on the relevant record date to receive interest due on the relevant interest payment date (the “Change of Control Payment”). Within 30 days
following any Change of Control Triggering Event, the Company shall mail a notice to Holders of the Notes describing the transaction or transactions that constitute the Change of Control Triggering Event, stating: 

 

	 	(i)	 that the Change of Control Offer is being made pursuant to this Section 2.11 and that all Notes tendered
will be accepted for payment; 

  

	 	(ii)	 the purchase price and the purchase date, which shall be no earlier than 30 days and no later than 60 days from
the date such notice is mailed (the “Change of Control Payment Date”); 

  

	 	(iii)	 that any Note not tendered will continue to accrue interest; 

 

	 	(iv)	 that, unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for
payment pursuant to the Change of Control Offer will cease to accrue interest after the Change of Control Payment Date; 

  

	 	(v)	 that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to
surrender the Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business
Day preceding the Change of Control Payment Date; 

  

	 	(vi)	 that Holders will be entitled to withdraw their election if the Paying Agent receives, no later than the close
of business on the second Business Day preceding the Change of Control Payment Date, an electronic transmission or letter setting forth the name of the Holder, the principal amount of the Notes delivered for purchase, and a statement that such
Holder is withdrawing its election to have the 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, which unpurchased portion must be equal to $2,000 in principal amount or an integral multiple of $1,000. 

(b) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act
and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of
any securities laws or regulations conflict with the provisions of this Section 2.11, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this
Section 2.11 by virtue of such compliance. 
 (c) On the Change of Control Payment Date, the Company will, to the
extent lawful, 
  

	 	(i)	 accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control Offer;

  

	 	(ii)	 deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or
portions of Notes properly tendered; and 

  

	 	(iii)	 deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officer’s
Certificate stating the aggregate principal amount of Note or portions of Notes being purchased by the Company. 

  
 6 

 (d) The Paying Agent will promptly mail to each Holder of Notes properly
tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes
surrendered, if any; provided that each new Note will be in a principal amount of $2,000 and or any integral multiple of $1,000. The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after
the Change of Control Payment Date. Except as described above with respect to a Change of Control, this Indenture does not contain provisions that permit Holders of the Notes to require the Company to repurchase or redeem the Notes in the event of a
takeover, recapitalization or similar transaction. 
 (e) Notwithstanding anything to the contrary in this
Section 2.11, the Company shall not be required to make a Change of Control Offer upon a Change of Control Triggering Event if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with
the requirements set forth in this Section 2.11 and purchases all Notes validly tendered and not withdrawn under the Change of Control Offer; or (2) notice of redemption has been given pursuant to Section 2.9 hereof, unless and until
there is a default in the payment of the applicable redemption price. 
 (f) The Company shall not repurchase any Note if
there has occurred and is continuing on the Change of Control Payment Date an Event of Default, other than a Default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. 

SECTION 2.12 Defeasance and Covenant Defeasance. Article Eight of the Original Indenture shall be
applicable to the Notes. For purposes of Article Eight of the Original Indenture, solely for purposes of the Notes, if the Company exercises its right of covenant defeasance pursuant to Sections 8.01 and 8.03 of the Original Indenture, in addition
to being released from its obligations under the provisions of the Original Indenture set forth in Section 8.03, the Company also shall be released from its obligations under Section 4.09, Article Five and clauses (4), (5) and (6) of
Section 6.01 of the Original Indenture and Section 2.11 hereof. 
 ARTICLE III 

Amendments to the Original Indenture 

SECTION 3.1 Definitions. For purposes of the Notes issued hereunder, the definitions of “Capital Markets Debt,”
“Credit Facility Debt” and “Permitted Liens” in Section 1.01 (Definitions) of the Original Indenture shall be amended as follows: 
  

	 	(a)	 “Capital Markets Debt” shall be replaced in its entirety with: 

“Capital Markets Debt” means any debt for borrowed money that (i) is in the form of, or represented by, bonds, notes,
debentures or other securities (other than promissory notes or similar evidences of debt under a credit agreement) and (ii) has an aggregate principal amount outstanding of (A) at least $25.0 million, at any time that any Existing
Notes remain outstanding or (B) at least $75.0 million at any time that no Existing Notes remain outstanding.” 
  

	 	(b)	 “Credit Facility Debt” shall be replaced in its entirety with: 

“Credit Facility Debt” means any debt for borrowed money that (i) is incurred pursuant to a credit agreement, including
pursuant to the Credit Facility or other agreement providing for revolving credit loans, term loans or other debt entered into between the Company or any subsidiary of the Company and any lender or group of lenders and (ii) has an aggregate
principal amount outstanding or committed of (A) at least $25.0 million, at any time that any Existing Notes remain outstanding or (B) at least $75.0 million at any time that no Existing Notes remain outstanding.” 

 

	 	(c)	 “Permitted Liens” shall be amended by: 

 

	 	(i)	 removing the “and” at the end of subsection (23); 

  
 7 

	 	(ii)	 inserting the following new subsection (24) following subsection (23): “(24) Liens securing
indebtedness in an aggregate principal amount at any time outstanding not exceeding $250.0 million in respect of any arrangement under which the Company or any subsidiary transfers, once or on a revolving basis, without recourse (except for
indemnities and representations customary for securitization transactions and except for the retention of risk in an amount and form required by applicable laws and regulations or as is customary for a similar type of transaction) involving one or
more “true sale” transactions, accounts receivable or interests therein and related assets customarily transferred in connection with securitization transactions (a) to a trust, partnership, corporation, limited liability company or
other entity, which transfer is funded in whole or in part, directly or indirectly, by the incurrence or issuance by the transferee or successor transferee of indebtedness or other securities that are to receive payments from, or that represent
interests in, the cash flow derived from such accounts receivable or interests therein, or (b) directly to one or more investors or other purchasers; and”; and 

 

	 	(iii)	 renumbering original subsection (24) as subsection (25) and deleting “250.0 million” in
subclause (1) and replacing it with: “$375.0 million”. 

 SECTION 3.2 Execution and
Authentication. For purposes of the Notes issued hereunder, Section 2.04 (Execution and Authentication) of the Original Indenture shall be amended by deleting the following: 

“and which shall additionally state: (a) that the form of such Securities has been established by a supplemental indenture or by or
pursuant to an Officer’s Certificate or a resolution of the Board of Directors in conformity with the provisions of this Indenture; (b) that the terms of such Securities have been established in conformity with the provisions of this
Indenture; (c) that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding
obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general
equity principles; and (d) that all laws applicable to the execution and delivery by the Company of such Securities have been complied with; provided that such opinion may specify that it is limited to (1) United States federal law, the
Delaware General Corporation Law and the laws of the State of New York and (ii) to such laws as in such Counsel’s experience are normally applicable to instruments comparable to the Indenture”. 

SECTION 3.3 SEC Reports. For purposes of the Notes issued hereunder, Section 4.02 (SEC Reports) of the
Original Indenture shall be replaced in its entirety with the following: 
 “Unless otherwise indicated for a particular Series of
Securities by a Board Resolution, supplemental indenture or Officers’ Certificate pursuant to Section 2.02, the Company agrees to file with the Trustee, within 15 days after it files the same with the SEC, copies of the annual reports and
of the information, documents and other reports, if any, that it is required to file with the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act or pursuant to TIA § 314. All required information, documents and other
reports referred to in this Section 4.02 shall be deemed filed with the Trustee at the time such information, documents and other reports are publicly filed with the SEC; provided, however, that the Trustee shall have no obligation
whatsoever to determine whether or not such information, documents or reports have been so filed. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall 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 an Officers’ Certificate).” 

  
 8 

 SECTION 3.4 Limitations on Liens. For purposes of the Notes issued
hereunder, Section 4.07 (Limitations on Liens) of the Original Indenture shall be replaced in its entirety with the following: 

“Unless otherwise provided for with respect to a particular Series of Securities by a Board Resolution, a supplemental indenture or an
Officers’ Certificate, the Company shall not, and shall not permit any of its Subsidiaries to, create, incur, issue, assume or guarantee any debt of the Company or any of its Subsidiaries secured by a Lien (other than Permitted Liens) upon any
Property, or upon shares of capital stock or evidence of indebtedness issued by any of the Company’s Subsidiaries, and owned by the Company or by any Subsidiary of the Company, without making effective provision to secure all of the Securities
of such Series, equally and ratably with any and all other debt thereby secured, so long as such debt shall be so secured.” 

SECTION 3.5 Limitation on Sale and Leaseback Transactions. For purposes of the Notes issued hereunder, Section 4.08
(Limitation on Sale and Leaseback Transactions) of the Original Indenture shall be amended by deleting “property or assets that have been or are” and replacing it with “Property that has been or is”. 

SECTION 3.6 Subsidiary Guarantees. For purposes of the Notes issued hereunder, Section 4.09 (Subsidiary
Guarantees) of the Original Indenture shall be replaced in its entirety with the following: 
 “Unless otherwise provided for with
respect to a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if on or after the date of this Indenture, any Credit Facility Debt or Capital Markets Debt of the Company or any
Subsidiary of the Company is or becomes guaranteed by any Domestic Subsidiary of the Company then, if such Subsidiary of the Company is not already a Guarantor, the Company shall cause such Subsidiary within 30 days after such Domestic Subsidiary
guarantees such Credit Facility Debt or Capital Markets Debt to (a) execute and deliver to the Trustee a supplemental indenture in form reasonably satisfactory to the Trustee pursuant to which such Subsidiary shall fully and unconditionally
guarantee all of the Company’s obligations under this Indenture, including the prompt payment in full when due of the principal of, premium on, if any, interest and, without duplication, defaulted interest, if any, on the Securities and all
other amounts payable by the Company thereunder and hereunder, subject to any applicable grace period, whether at maturity, by acceleration or otherwise, and interest on any overdue principal and any overdue interest on the Securities and all other
obligations of the Company to the Holders or the Trustee hereunder or under the Securities on the terms set forth in Article Ten, and (b) deliver to the Trustee an opinion of counsel to the effect that (i) such supplemental indenture and
guarantee of the Securities has been duly executed and authorized and (ii) such supplemental indenture and guarantee of the notes constitutes a valid, binding and enforceable obligation of such Subsidiary of the Company, except insofar as
enforcement thereof ay be limited by bankruptcy, insolvency or similar laws and except insofar as enforcement thereof is subject to general principles of equity. 

SECTION 3.7 Events of Default. For purposes of the Notes issued hereunder, Section 6.01 (Events of Default)
of the Original Indenture shall be amended by: 
 (a) in subsection (3), deleting “60 days” and replacing it with
“90 days”; 
 (b) in subsection (4), deleting “any Subsidiary” and replacing it with “any
Significant Subsidiary”; and 
 (c) in subsection (4) after “25.0 million” inserting the following:
“at any time that any Existing Notes remain outstanding, or $75.0 million at any time that no Existing Notes remain outstanding”. 

SECTION 3.8 Limitation on Suits. For purposes of the Notes issued hereunder, Section 6.06 (Limitation on
Suits) of the Original Indenture shall be amended by inserting “or security” after “indemnity” in subsection (iii). 

SECTION 3.9 Duties of Trustee. For purposes of the Notes issued hereunder, subsection (c) of Section 7.01
(Duties of Trustee) of the Original Indenture shall be amended by deleting the reference to “grossly negligent” and replacing it with “negligent”. 

SECTION 3.10 Rights of Trustee. For purposes of the Notes issued hereunder, subsection (d) of Section 7.02
(Rights of Trustee) of the Original Indenture shall be amended by deleting the reference to “gross negligence” and replacing it with “negligence”. 

SECTION 3.11 Notice of Defaults. For purposes of the Notes issued hereunder, Section 7.05 (Notice of
Defaults) of the Original Indenture shall be amended by deleting “a committee of its Responsible Officers” and replacing it with “it”. 

  
 9 

 SECTION 3.12 Compensation and Indemnity. For purposes of the Notes
issued hereunder, Section 7.07 (Compensation and Indemnity) of the Original Indenture shall be amended by deleting the reference to “gross negligence” and replacing it with “negligence”. 

SECTION 3.13 Without Consent of Holders. For purposes of the Notes issued hereunder, subsection (d) of
Section 9.01 (Without Consent of Holders) of the Original Indenture shall be amended by inserting “or in any applicable prospectus, prospectus supplement and/or freewriting prospectus or offering document with respect to the
Notes” after “therein”. 
 SECTION 3.14 Conditions to Legal or Covenant Defeasance. For purposes of the
Notes issued hereunder, Section 8.04 (Conditions to Legal or Covenant Defeasance) of the Original Indenture shall be amended by deleting in its entirety subsection (6) and replacing it with “[Reserved]”. 

SECTION 3.15 Force Majeure. For purposes of the Notes issued hereunder, Section 11.15 (Force Majeure) of the
Original Indenture shall be replaced in its entirety with the following: 
 “In no event shall the Trustee be responsible or liable for
any future 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, (i) any act or provision of any present or future law or
regulation or governmental authority, (ii) any act of God, (iii) natural disaster, (iv) war, (v) terrorism, (vi) civil unrest, (vii) accidents, (viii) labor dispute, (ix) disease, (x) epidemic or pandemic,
(xi) quarantine, (xii) national emergency, (xiii) loss or malfunction of utility or computer software or hardware, (xiv) communications system failure, (xv) malware or ransomware or (xvi) unavailability of the Federal
Reserve Bank wire or telex system or other wire or other funds transfer systems, or (xvii) unavailability of any securities clearing system; 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.” 
 ARTICLE IV 

Miscellaneous 

SECTION 4.1 Ratification of Original Indenture; Supplemental Indentures Part of Original Indenture. Except as expressly
amended hereby, the Original Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Ninth Supplemental Indenture shall form a part of the Indenture for all
purposes, and every Holder heretofore or hereafter authenticated and delivered shall be bound hereby. 
 SECTION 4.2 Concerning
the Trustee. The recitals contained herein and in the Notes, except with respect to the Trustee’s certificate of authentication, shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Ninth Supplemental Indenture or of the Notes. 

  
 10 

 SECTION 4.3 Counterparts. This Ninth Supplemental Indenture may be
executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. Any signature to this Ninth Supplemental Indenture may be
delivered by facsimile, electronic mail (including pdf) or any electronic signature complying with the U.S. federal ESIGN Act of 2000 or the New York Electronic Signature and Records Act or other transmission method and any counterpart so delivered
shall be deemed to have been duly and validly delivered and be valid and effective for all purposes to the fullest extent permitted by applicable law. For the avoidance of doubt, the foregoing also applies to any supplement, amendment, extension or
renewal of this Ninth Supplemental Indenture. Each of the parties to this Ninth Supplemental Indenture represents and warrants to the other parties that it has the corporate capacity and authority to execute this Indenture through electronic means
and there are no restrictions for doing so in any of such party’s constitutive documents. This Ninth Supplemental Indenture shall be valid, binding, and enforceable against a party only when executed and delivered by an authorized individual on
behalf of the party by means of (i) any electronic signature permitted by the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, and/or any other relevant electronic
signatures law, including relevant provisions of the Uniform Commercial Code/UCC (collectively, “Signature Law”); (ii) an original manual signature; or (iii) a faxed, scanned, or photocopied manual signature. Each electronic signature
or faxed, scanned, or photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature. Each party hereto shall be entitled to conclusively rely upon, and shall
have no liability with respect to, any faxed, scanned, or photocopied manual signature, or other electronic signature, of any party and shall have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. This Ninth
Supplemental Indenture may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts shall, together, constitute one and the same instrument. For avoidance of doubt, original manual signatures
shall be used for execution or indorsement of writings when required under the UCC or other Signature Law due to the character or intended character of the writings 

SECTION 4.4 GOVERNING LAW; WAIVER OF JURY TRIAL; CONSENT TO JURISDICTION AND SERVICES. THIS NINTH SUPPLEMENTAL INDENTURE
AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY. EACH OF THE COMPANY, THE SUBSIDIARY GUARANTOR AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO THIS NINTH SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. To the fullest extent permitted by applicable law, each of the Company, the Subsidiary Guarantor and the Trustee hereby irrevocably submits to the non-exclusive jurisdiction of any federal or State court located in the Borough of Manhattan in the County of New York in any suit, action or proceeding based on or arising out of or relating to this Ninth
Supplemental Indenture or the Notes and irrevocably agrees that all claims in respect of such suit or proceeding may be determined in any such court. Each of the Company, the Subsidiary Guarantor and the Trustee irrevocably waives, to the fullest
extent permitted by law, any objection which it may have to the laying of the venue of any such suit, action or proceeding brought in an inconvenient forum. Each of the Company, the Subsidiary Guarantor and the Trustee agrees that final judgment in
any such suit, action or proceeding brought in such a court shall be conclusive and binding upon it, and may be enforced in any court to the jurisdiction of which the Company, the Subsidiary Guarantor or the Trustee is subject by a suit upon such
judgment; provided that service of process is effected upon the Company and the Subsidiary Guarantor in the manner specified herein or as otherwise permitted by law. To the extent that any of the Company, the Subsidiary Guarantor or the
Trustee has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service of notice, attachment prior to judgment, attachment in aid of execution, executor or otherwise) with respect to
itself or its property, each of the Company, the Subsidiary Guarantor and the Trustee hereby irrevocably waives such immunity in respect of its obligations under this Ninth Supplemental Indenture to the extent permitted by law. 

[Signature Pages Follow] 

  
 11 

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

			
	Very truly yours,
	
	 ADVANCE AUTO PARTS, INC.
 ADVANCE
STORES COMPANY, INCORPORATED

		
	By:	 	 /s/ Jeffrey W. Shepherd

		 	Name: Jeffrey W. Shepherd
		 	Title: Executive Vice President and Chief Financial Officer

  

			
	COMPUTERSHARE TRUST COMPANY, N.A., as Trustee
		
	By:	 	 /s/ Linda Lopez

		 	Name: Linda Lopez
		 	Title: Assistant Vice President

 [Signature Page to Ninth Supplemental Indenture] 

 EXHIBIT A 

CUSIP: 00751Y AG1 
 ISIN:
US00751YAG17 
 ADVANCE AUTO PARTS, INC. 

3.500% Notes due 2032 
  

											
	 No. R-1
	 		 	$	350,000,000	 	 	 	          	 

 ADVANCE AUTO PARTS, INC. promises to pay to CEDE & CO. or registered assigns, the principal sum: $350,000,000 (THREE
HUNDRED AND FIFTY MILLION DOLLARS AND NO CENTS), as such amount may be increased or decreased as set forth in the Schedule of Increase or Decrease in Principal Amount of Global Note attached hereto on March 15, 2032. 

Interest Payment Dates: March 15 and September 15, commencing on September 15, 2032. 

Record Dates: March 1 and September 1. 

  
 A-1 

 IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed manually or by electronic
copy. 
 Date: March 4, 2022 
  

			
	ADVANCE AUTO PARTS, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Global Note] 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

 

			
	COMPUTERSHARE TRUST COMPANY, N.A.
		
	By:	 	  

		 	Name:
		 	Title:

 Date: March 4, 2022 

[Signature Page to Global Note] 

 [REVERSE SIDE OF NOTE] 

3.500% Notes due 2032 
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OR 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 THE DEPOSITORY TRUST COMPANY, AND ANY PAYMENT 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 BECAUSE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THIS SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (A) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.04 OF THE ORIGINAL INDENTURE, (B) THIS SECURITY MAY BE
EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.15(B) OF THE ORIGINAL INDENTURE, (C) THIS SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.13 OF THE ORIGINAL INDENTURE AND (D) EXCEPT AS OTHERWISE
PROVIDED IN SECTION 2.15(B) OF THE ORIGINAL INDENTURE, THIS SECURITY MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY (X) BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, (Y) BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY OR (Z) BY THE DEPOSITARY OR ANY NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 1.
Indenture 
 This Security is one of a duly authorized issue of Securities of the Company, designated as its 3.500% Notes due 2032
(herein called the “Notes,” which expression includes any additional notes issued pursuant to Section 2.4 of the Ninth Supplemental Indenture (as hereinafter defined) and forming a single series therewith), issued and to be issued
under an indenture, dated as of April 29, 2010 (as amended or supplemented as of the date hereof, the “Original Indenture”), among Advance Auto Parts, Inc., a Delaware corporation (such company, and its successors and assigns under
the Indenture hereinafter referred to, being herein called the “Company”), the subsidiary guarantors from time to time party thereto and Computershare Trust Company, as successor to Wells Fargo Bank, National Association, as trustee (the
“Trustee”), as supplemented by the Ninth Supplemental Indenture, dated as of March 4, 2022 (the “Ninth Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), among the Company, Advance
Stores Company, Incorporated (the “Subsidiary Guarantor”) and the Trustee. Reference is made to the Indenture and all indentures supplemental thereto relevant to the Notes for a complete description of the rights, limitations of rights,
obligations, duties and immunities thereunder of the Trustee, the Company and the Holders of the Notes. Capitalized terms used but not defined in this Note shall have the meanings ascribed to them in the Indenture. 

The Indenture imposes certain limitations on the ability of the Company and its Subsidiaries to create or incur Liens or engage in Sale and
Leaseback Transactions. The Indenture also imposes certain limitations on the ability of the Company and any subsidiary guarantors to merge, consolidate or amalgamate with or into any other person (other than a merger of a wholly owned Subsidiary
into the Company) or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of the property of the Company or a subsidiary guarantor in any one transaction or series of related transactions. 

Each Note is subject to, and qualified by, all such terms as set forth in the Indenture, certain of which are summarized herein, and each
Holder of a Note is referred to the corresponding provisions of the Indenture for a complete statement of such terms. To the extent that there is any inconsistency between the summary provisions set forth in the Notes and the Indenture, the
provisions of the Indenture shall govern. 

  
 R-1 

 2. Interest 

The Company promises to pay interest on the principal amount of this Note at the rate per annum shown above. The Company will pay interest
semiannually on March 15 and September 15 of each year, commencing September 15, 2022. 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 March 4,
2022. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. If the Company delivers Global Notes to the Trustee for cancellation
on a date that is after the Record Date and on or before the corresponding Interest Payment Date, then interest shall be paid in accordance with the provisions of the Depositary. 

3. Paying Agent and Registrar  

Initially, the Trustee will act as Paying Agent and Registrar. The Company may appoint and change any Paying Agent, Registrar or co-registrar without notice. The Company or any of its Subsidiaries may act as Paying Agent, Registrar or co-registrar. 

4. Defaults and Remedies; Waiver 
 If an
Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the outstanding Notes, subject to certain limitations, may declare all the Notes due and payable immediately. In the case of an
Event of Default resulting from certain events of bankruptcy, insolvency or reorganization, the principal (or such specified amount) and premium, if any, of all outstanding Notes will become and be immediately due and payable without any declaration
or other act by the Trustee or any Holder of outstanding Notes. 
 Holders of Notes may not enforce the Indenture or the Notes except as
provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Notes unless it receives reasonable indemnification or security. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Notes then
outstanding may direct the Trustee in its exercise of any trust or power under the Indenture. 
 At any time after the principal of the
Notes shall have been so declared due and payable (or have become immediately due and payable), and before any judgment or decree for the payment of the moneys due shall have been obtained or entered, the Holders of a majority in aggregate principal
amount of the Notes then outstanding under the Indenture, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences and waive such Event of Default if (i) the Company has paid or deposited
with the Trustee a sum sufficient to pay all matured installments of interest upon all the Notes and the principal of (and premium, if any, on) any and all Notes that shall have become due otherwise than by acceleration (with interest upon such
principal and premium, if any, and, to the extent that such payment is enforceable under applicable law, upon overdue installments of interest, at the rate per annum expressed in the Notes to the date of such payment or deposit) and the amount
payable to the Trustee under Section 7.07 of the Original Indenture and (ii) any and all existing Events of Default under the Indenture with respect to the Notes, other than the nonpayment of principal on Notes that shall not have become
due by their terms, shall have been remedied or waived as provided in Section 6.04 of the Original Indenture. No such rescission shall affect any subsequent Default or impair any right consequent thereto. 

The Holders of a majority in principal amount of the Notes by notice to the Trustee may waive an existing Default and its consequences except
(i) a Default in the payment of the principal amount of, premium, if any, and accrued and unpaid interest on the Notes, or (ii) a Default in respect of a provision that under Section 9.02 of the Original Indenture cannot be amended
without the consent of each Holder of the Notes affected. When a Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or impair any consequent right. 

  
 R-2 

 5. Amendment 

In addition to any supplemental indenture otherwise authorized by the Indenture, the Company, the Subsidiary Guarantor and the Trustee may
from time to time and at any time enter into supplemental indentures (which shall conform to the provisions of the Trust Indenture Act as then in effect), without the consent of any Holder of Notes, for one or more of the following purposes:
(i) to evidence the succession of another person to the Company or any Subsidiary Guarantor pursuant to Article Five of the Original Indenture and the assumption by such successor of the Company’s or such Subsidiary Guarantor’s
covenants, agreements and obligations in the Indenture and the Notes; (ii) to provide for the issuance of additional Notes in accordance with the limitations set forth in the Indenture; (iii) to surrender any right or power conferred upon
the Company or any Subsidiary Guarantor by the Indenture, to add to the covenants of the Company or any Subsidiary Guarantor such further covenants, restrictions, conditions or provisions for the protection of the Holders of the Notes as the Board
of Directors of the Company shall consider to be for the protection of the Holders of such Notes, and to make the occurrence, or the occurrence and continuance, of a default in respect of any such additional covenants, restrictions, conditions or
provisions a Default or an Event of Default under the Indenture; provided, however, that with respect to any such additional covenant, restriction, condition or provision, such amendment may provide for a period of grace after default,
which may be shorter or longer than that allowed in the case of other Defaults, may provide for an immediate enforcement upon such Default, may limit the remedies available to the Trustee upon such Default or may limit the right of Holders of a
majority in aggregate principal amount of the Notes to waive such default; (iv) to cure any ambiguity or correct or supplement any provision contained in the Indenture, in any supplemental indenture or in any Notes that may be defective or
inconsistent with any other provision contained therein or in the prospectus, prospectus supplement and/or freewriting prospectus or offering document with respect to the Notes; (v) to convey, transfer, assign, mortgage or pledge any property
to or with the Trustee, or to make such other provisions in regard to matters or questions arising under the Indenture as shall not materially adversely affect the interests of any Holders of Notes; (vi) to modify or amend the Indenture in such
a manner as to permit the qualification of the Indenture or any supplemental indenture thereto under the Trust Indenture Act as then in effect; (vii) to add or to change any of the provisions of the Indenture to provide that Notes in bearer
form may be registrable as to principal, to change or eliminate any restrictions on the payment of principal or premium with respect to Notes in registered form or of principal, premium or interest with respect to Notes in bearer form, or to permit
Notes in registered form to be exchanged for Notes in bearer form, so as to not adversely affect the interests of the Holders or any coupons in any material respect or permit or facilitate the issuance of Notes in uncertificated form; (viii) to
secure the Notes; (ix) to add Subsidiary Guarantees with respect to the Notes or release Subsidiary Guarantors from Subsidiary Guarantees as provided in the Indenture; (x) to make any change not otherwise specified in the Indenture that
does not adversely affect the rights of any Holder in any material respect; (xi) to add to, change, or eliminate any of the provisions of the Indenture with respect to the Notes, so long as any such addition, change or elimination not otherwise
permitted under the Indenture shall (A) neither apply to any Note created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor modify the rights of the Holders of any such Note with respect to
the benefit of such provision or (B) become effective only when there is no such Note outstanding; (xii) to evidence and provide for the acceptance of appointment by a successor or separate Trustee with respect to the Notes and to add to
or change any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the Indenture by more than one Trustee; and (xiii) to establish the form or terms of Securities and coupons of any Series
pursuant to Article Two. 
 The Company, the Subsidiary Guarantor and the Trustee may amend the Indenture or the Notes without notice to any
Holder but with the written consent (as evidenced as provided in Section 9.02 of the Original Indenture) of the Holders of at least a majority in aggregate principal amount of the Notes outstanding (including consents obtained in connection
with a tender offer or exchange offer for the Notes) affected by such amendment; provided, however, without the consent of each Holder affected, an amendment may not: (i) reduce the principal amount of Notes whose Holders must
consent to an amendment, modification, supplement or waiver; (ii) reduce the rate of or extend the time for payment of interest on any Note; (iii) reduce the principal of or change the Stated Maturity of any Note; (iv) reduce the
amount payable upon the redemption of any Note or add redemption provisions to any Note; (v) make any Note payable in money other than that stated in the Indenture or the Note or, other than in accordance with the provisions of Article Ten of
the Original Indenture, eliminate any existing Subsidiary Guarantee of the Notes; or (vi) make any change in Section 6.04 or 6.07 of the Original Indenture or in the foregoing amendment and waiver provisions. It shall not be necessary for
the consent of the Holders to approve the particular form of any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. 

  
 R-3 

 Any consent to an amendment or a waiver by the Holder of this Note (unless revoked as
provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any Notes that may be issued in exchange or substitution hereof, irrespective of whether or not any notation thereof
is made upon this Note or such other Notes. Any Holder or subsequent Holder may revoke its consent if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. Neither the Company nor any Affiliate of
the Company shall, 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 to all Holders, ratably, that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or amendment. 

6. Obligations Absolute 
 No reference
herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Note at the place, at
the respective times, at the rate and in the coin or currency herein prescribed. 
 7. Redemption Upon a Change of Control Triggering Event 

Upon a Change of Control Triggering Event, any Holder of Notes shall have the right to cause the Company to repurchase all or any part of the
Notes of such Holder at a repurchase price equal to 101% of the principal amount of the Notes to be repurchased plus accrued interest, if any, to the date of repurchase (subject to the right of holders of record on the relevant record date to
receive interest due on the related interest payment date) as provided in, and subject to the terms of, the Indenture. 
 8. Sinking Fund 

The Notes shall not be redeemable at the option of any Holder thereof, upon the occurrence of any particular circumstances or otherwise. The
Notes will not have the benefit of any sinking fund. 
 9. Denominations; Transfer; Exchange 

The Notes are issuable in registered form without coupons in minimum denominations of $2,000 principal amount and integral multiples of $1,000
in excess thereof. When Notes are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for an equal principal amount of Notes, the Registrar shall register the
transfer or make the exchange in the manner and subject to the limitations provided in the Indenture, without payment of any service charge but with payment of a sum sufficient to cover any transfer tax or other governmental charge that may be
imposed in connection with any registration or exchange of Notes. 
 The Company and the Registrar shall not be required (a) to issue,
register the transfer of or exchange any Notes 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 and ending at the close of business on the day of
such mailing or (b) to register the transfer or exchange of Notes selected, called or being called for redemption as a whole or the portion being redeemed of any such Notes selected, called or being called for redemption in part. 

10. Further Issues of Notes 
 The Company
may, from time to time, without notice to or the consent of the Holders of the Notes, issue additional notes, in which case any additional notes so issued will have the same form and terms (other than the date of issuance and, under certain
circumstances, the date from which interest thereon will begin to accrue), and will carry the same right to receive accrued and unpaid interest, as the Notes, and such additional notes will form a single series with the Notes, including for voting
purposes; provided that any additional notes that are not fungible with the Notes for U.S. federal income tax purposes will have a separate CUSIP, ISIN and other identifying number from the Notes. 

  
 R-4 

 11. Optional Redemption 

Prior to December 15, 2031 (three months prior to the Stated Maturity of the Notes) (the “Par Call Date”), the Company may
redeem the Notes at its option, in whole or in part, at any time and from time to time, on the terms set forth in the Indenture. On or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time and from time to time,
at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date. 

12. Persons Deemed Owners 
 The ownership
of Notes shall be proved by the register maintained by the Registrar. 
 13. No Recourse Against Others 

No shareholder, partner, manager, member, director, officer, employee, agent or incorporator, as such, of the Company or any Subsidiary
Guarantor shall have any liability for any obligations of the Company under the Notes or the Indenture or a Subsidiary Guarantor under its Subsidiary Guarantee or the Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation. By accepting a Note, each Holder shall waive and release all such liability. This waiver and release shall be part of the consideration for the issuance of the Notes. 

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

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium,
if any, or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company on its request or, if then held by the Company, shall be discharged
from such trust. Thereafter the Holder of such Note shall look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof,
shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Company cause to be published once, in the New York Times and The Wall
Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then
remaining will be repaid to the Company. 
 16. Trustee Dealings with the Company 

Subject to certain limitations imposed by the Trust Indenture Act, the Trustee in its individual or any other capacity may become the owner or
pledgee of Notes and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-Paying Agent may do the same with like
rights. 
 17. Calculations in respect of the Notes 

Except as otherwise provided by the Indenture, the Company will be responsible for making all calculations called for under the Notes. The
Company will make all these calculations in good faith and, absent manifest error, the Company’s calculations will be final and binding on Holders of Notes. The Company will provide a schedule of its calculations to the Trustee and the Trustee
is entitled to rely conclusively upon the accuracy of the Company’s calculations without independent verification. The Trustee will forward the Company’s calculations to any Holder of Notes upon the written request of that Holder. 

  
 R-5 

 18. Abbreviations 

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

19. CUSIP Numbers 
 Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to
Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other elements of identification printed on the Notes. 

  
 R-6 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 2.11 of the Ninth Supplemental Indenture, check the box below: 

 
 ☐ 

If you want to elect to have only part of the Note purchased by the Company pursuant to Section 2.11 of the Ninth Supplemental Indenture, state the amount
you elect to have purchased: 

$                         
                
 Date:
                                         

 Your
Signature:.                                       
                              

(Sign exactly as your name appears on the face of this Note) 

Tax Identification
No.:                                        
                 
 Signature
Guarantee*:                                       
                  
  

	*	 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent 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. 

  
 R-7 

 ASSIGNMENT FORM 

For value received hereby sell(s), assign(s) and transfer(s) unto (please insert social security or other identifying number of assignee) the within Note, and
hereby irrevocably constitutes and appoints attorney to transfer the said Note on the books of the Company, with full power of substitution in the premises. 

Dated:                         
                    
  

                          
                             
  

                          
                             

Signature(s) 
 Signature(s) must be guaranteed by an eligible
Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule
17Ad-15. 
  

                          
                             

Signature Guarantee 

  
 R-8 

 INCREASES OR DECREASES IN PRINCIPAL 

AMOUNT OF GLOBAL NOTE 
 The initial
principal amount of this Global Note is $350,000,000. The following increases or decreases in this Global Note have been made: 
  

									
	 Date of Increase or Decrease
	  	 Amount of Decrease in
Principal Amount of
this
Global Note
	  	 Amount of Increase in

Principal Amount of this
Global Note
	  	 Remaining Principal
Amount of this Global

Note Following such
Decrease or Increase
	  	 Signature of Authorized
Signatory of Trustee
or
Custodian

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 R-9

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