Document:

EX-4.1.1

 Exhibit 4.1.1 

NATIONAL FUEL GAS COMPANY 

OFFICER’S CERTIFICATE 

Establishing 5.50% Notes due 2026 

June 3, 2020 
 Karen
M. Camiolo, the Treasurer of National Fuel Gas Company, a New Jersey corporation (the “Company”), pursuant to the authority granted in the resolutions of the Board of Directors (the “Board”) of the Company adopted on
December 10, 2019 and the Financing Committee of the Board on May 13, 2020 and May 19, 2020 and Sections 102, 201 and 301 of the Indenture (as defined below), does hereby certify to The Bank of New York Mellon (formerly The Bank of
New York), as Trustee (the “Trustee”) under the Indenture of the Company (For Unsecured Debt Securities) dated as of October 1, 1999 (the “Indenture”), that: 

 

	1.	 The Securities of the eleventh series to be issued under the Indenture shall be designated 5.50% Notes due 2026
(the “Notes of the Eleventh Series”); the Notes of the Eleventh Series shall be in substantially the form set forth in Exhibit A hereto. All capitalized terms used in this certificate which are not defined herein shall have the meanings
set forth in the Indenture. 

  

	2.	 The Notes of the Eleventh Series shall be initially authenticated and delivered in the aggregate principal
amount of $500,000,000 (the “Initial Notes of the Eleventh Series”); provided, however, that the Company may, without consent of the Holders of the Initial Notes of the Eleventh Series, create and issue additional Notes of the Eleventh
Series ranking equally with, and otherwise identical in all respects to, the Initial Notes of the Eleventh Series (except for the issue date, issue price, the date from which interest first accrues thereon and, if applicable, the first interest
payment date therefor), which additional Notes of the Eleventh Series shall form a single series with the Initial Notes of the Eleventh Series. 

  

	3.	 The Notes of the Eleventh Series shall mature, and the principal thereof shall be due and payable, together
with all accrued and unpaid interest thereon, on January 15, 2026. 

  

	4.	 The Notes of the Eleventh Series shall be issued in the denominations of $2,000 and integral multiples of
$1,000 in excess thereof. 

  

	5.	 The Notes of the Eleventh Series shall bear interest as provided in the form thereof set forth in Exhibit A.

  

	6.	 The principal of and premium, if any, and interest on the Notes of the Eleventh Series shall be payable at, and
registration of transfers and exchanges in respect of the Notes of the Eleventh Series may be effected at, the office or agency of the Company in The City of New York; provided, however, that payment of interest may be made at the option of the
Company by check mailed to the address of the persons entitled thereto or, in certain circumstances described in the form of Notes of the Eleventh Series hereto attached as Exhibit A, by wire transfer to an account designated by the person entitled
thereto. 

	 	
Notices and demands to or upon the Company in respect of the Notes of the Eleventh Series and the Indenture may be served at the office or agency of the Company in The City of New York. The
Corporate Trust Office of the Trustee shall initially be the agency of the Company for such payment, registration and registration of transfers and exchanges and service of notices and demands and the Company hereby appoints the Trustee as its agent
for all such purposes; provided, however, that the Company reserves the right to change, by one or more Officer’s Certificates, any such office or agency and such agent. The Trustee shall initially be the Security Registrar and the Paying Agent
for the Notes of the Eleventh Series. 

  

	7.	 The Notes of the Eleventh Series are subject to optional redemption as provided in the form thereof set forth
in Exhibit A. 

  

	8.	 The Notes of the Eleventh Series shall not be entitled to the benefit of any sinking fund.

  

	9.	 If a “Change of Control Triggering Event” (as defined in Exhibit A hereto) occurs, each Holder of the
Notes of the Eleventh Series may require the Company to repurchase all or a portion of such Holder’s Notes of the Eleventh Series at a price equal to 101% of the aggregate principal amount, plus accrued and unpaid interest, if any, to, but not
including, the date of purchase, on the terms and subject to the conditions set forth in Exhibit A hereto. 

  

	10.	 The Notes of the Eleventh Series shall be issued initially in global form registered in the name of
Cede & Co. (as nominee for The Depository Trust Company, New York, New York). 

  

	11.	 Beneficial interests in the Notes of the Eleventh Series issued as Global Notes may not be exchanged in whole
or in part for individual certificated Notes of the Eleventh Series in definitive form, and no transfer of a Global Note of the Eleventh Series in whole or in part may be registered in the name of any Person other than the Depository or its nominee,
except that if (A) the Depository has notified the Company that it is unwilling or unable to continue as Depository for the Global Notes of the Eleventh Series, (B) the Depository has ceased to be a clearing agency registered under the
Exchange Act and, in either case, a successor depository for such Global Notes of the Eleventh Series has not been appointed within 90 dates of (i) that notice or (ii) the Company becoming aware that the Depository is no longer registered,
(C) an Event of Default occurred and is continuing, and the Depository requests the issuance of certificated Notes of the Eleventh Series in definitive form or (D) the Company determines not to have the Notes of the Eleventh Series
represented by Global Notes, the Company shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of the definitive Notes of the Eleventh Series, shall authenticate and deliver, Notes of the Eleventh Series
in definitive certificated form in an aggregate principal amount equal to the principal amount of the Global Notes of the Eleventh Series representing such Notes of the Eleventh Series in exchange for such Global Notes of the Eleventh Series, such
definitive Notes of the Eleventh Series to be registered in the names provided by the Depository. 

  
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	12.	 No service charge shall be made for the registration of transfer or exchange of the Notes of the Eleventh
Series; provided, however, that the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with the exchange or transfer. 

 

	13.	 The Trustee, the Security Registrar and the Company shall have no responsibility under the Indenture for
transfers of beneficial interests in the Notes of the Eleventh Series, for any depository records of beneficial interests or for any transactions between the Depository and beneficial owners. 

 

	14.	 If the Company shall make any deposit of money and/or Eligible Obligations with respect to any Notes of the
Eleventh Series, or any portion of the principal amount thereof, as contemplated by Section 701 of the Indenture, the Company shall not deliver an Officer’s Certificate described in clause (z) in the first paragraph of said
Section 701 unless the Company shall also deliver to the Trustee, together with such Officer’s Certificate, either: 

(A)    an instrument wherein the Company, notwithstanding the satisfaction and discharge of its
indebtedness in respect of the Notes of the Eleventh Series, shall assume the obligation (which shall be absolute and unconditional) to irrevocably deposit with the Trustee or Paying Agent such additional sums of money, if any, or additional
Eligible Obligations (meeting the requirements of Section 701), if any, or any combination thereof, at such time or times, as shall be necessary, together with the money and/or Eligible Obligations theretofore so deposited, to pay when due the
principal of and premium, if any, and interest, if any, due and to become due on such Notes of the Eleventh Series or portions thereof, all in accordance with and subject to the provisions of said Section 701; provided, however, that such
instrument may state that the obligation of the Company to make additional deposits as aforesaid shall be subject to the delivery to the Company by the Trustee of a notice asserting the deficiency accompanied by an opinion of an independent public
accountant of nationally recognized standing, selected by the Company and acceptable to the Trustee, showing the calculation thereof; or 

(B)    an Opinion of Counsel to the effect that, as a result of (i) the receipt by the Company from,
or the publication by, the Internal Revenue Service of a ruling or (ii) a change in law occurring after the date of this certificate, the Holders of such Notes of the Eleventh Series, or portions of the principal amount thereof, will not
recognize income, gain or loss for United States federal income tax purposes as a result of the satisfaction and discharge of the Company’s indebtedness in respect thereof and will be subject to United States federal income tax on the same
amounts, at the same times and in the same manner as if such satisfaction and discharge had not been effected. 

  
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	15.	 The Notes of the Eleventh Series shall have such other terms and provisions as are provided in the form thereof
set forth in Exhibit A hereto. 

  

	16.	 All conditions precedent, if any, provided for in the Indenture (including any covenants compliance with which
constitutes a condition precedent), relating to the authentication and delivery of the Notes of the Eleventh Series requested in the accompanying Company Order No. 11 have been complied with. 

 

	17.	 The undersigned has read all of the covenants and conditions contained in the Indenture, and the definitions in
the Indenture relating thereto, relating to the Company’s issuance of the Notes of the Eleventh Series and the Trustee’s authentication and delivery of the Notes of the Eleventh Series, and in respect of compliance with which this
certificate is made. 

  

	18.	 The statements contained in this certificate are based upon the familiarity of the undersigned with the
Indenture, the documents accompanying this certificate, and upon discussions by the undersigned with officers, employees and counsel of the Company familiar with the matters set forth herein. 

 

	19.	 In the opinion of the undersigned, he has made such examination or investigation as is necessary to enable him
to express an informed opinion as to whether or not such covenants and conditions have been complied with. 

  

	20.	 In the opinion of the undersigned, such conditions and covenants have been complied with.

  

	21.	 Solely with respect to the Notes of the Eleventh Series, the Trustee’s certificate of authentication on
the Notes of the Eleventh Series, and any other document delivered in connection with the Indenture, this officer’s certificate or the issuance and delivery of the Notes of the Eleventh Series may be signed on behalf of the Trustee by manual or
pdf or other electronically imaged signature. 

 Capitalized terms used herein and not otherwise defined shall have the
meaning prescribed to them in the Indenture. 

  
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 IN WITNESS WHEREOF, I have executed this Officer’s Certificate as of the date first
written above. 
  

	
	 /s/ Karen M. Camiolo

	 Karen M. Camiolo

	 Treasurer and Principal Financial Officer

 EXHIBIT A 

[depositary legend] 
 [Unless
this Certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of
DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.] 

[FORM OF FACE OF NOTE] 
 NATIONAL
FUEL GAS COMPANY 
 5.50% NOTES DUE 2026 
  

			
	NO. R-1	  	CUSIP NO.: 636180 BQ3
		
	ORIGINAL ISSUE DATE: June 3, 2020	  	PRINCIPAL AMOUNT: $                
		
	 ORIGINAL INTEREST 
ACCRUAL DATE: June 3, 2020
	  	INTEREST RATE: 5.50%
		
	MATURITY DATE: January 15, 2026	  	
		
	INTEREST PAYMENT DATES: January 15 and July 15, commencing January 15, 2021	  	
		
	REDEEMABLE AT OPTION OF THE COMPANY:	  	YES  ☒    NO  ☐
		
	REDEEMABLE AT OPTION OF THE HOLDER:	  	YES  ☐    NO  ☒
		
	(See the Reverse of this Note for redemption provisions)	  	

 NATIONAL FUEL GAS COMPANY, a corporation duly organized and existing under the laws of the State of New Jersey
(herein referred to as the “Company,” which term includes any successor Person under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to
                         or registered assigns, the principal sum of
                                         
        on the Maturity Date specified above, and to pay interest thereon at the Interest Rate specified above, subject to adjustment as set forth on the reverse hereof under “Interest Rate Adjustment,”
semiannually on the Interest Payment Dates specified above of each year and on the Maturity Date, from the Original Interest Accrual Date specified above or from the most recent Interest Payment Date to which interest has been paid, unless the
Company shall 

 
default in the payment of interest due on such Interest Payment Date, in which case interest shall be payable from the next preceding Interest Payment Date to which interest has been paid, or, if
no interest has been paid on this Security, from the Original Interest Accrual Date. In the event that the Maturity Date or any date fixed for redemption is not a Business Day, then payment of principal and interest payable on such date shall be
made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of such delay) with the same force and effect as if made on such Maturity Date or date fixed for redemption. In the event that any Interest
Payment Date is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of such delay) with the same force and effect as
if made on such Interest Payment Date. The Initial Interest Payment Date shall be January 15, 2021, and the payment on that date shall include all interest accrued from the Original Interest Accrual Date. The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be (a) the Business Day immediately preceding such Interest Payment Date so long as Securities of this series remain in book-entry only form or (b) the 15th calendar day prior to such Interest Payment Date if
Securities of this series do not remain in book-entry only form; provided, however, that interest payable at Maturity shall be paid to the Person to whom principal shall be paid. Any such interest not so punctually paid or duly provided for shall
forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the
payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

Payment of the principal of and premium, if any, and interest on this Security shall be made at the office or agency of the Company maintained
for that purpose in The City of New York, the State of New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that (a) at the
option of the Company, interest on this Security may be paid by check mailed to the address of the person entitled thereto, as such address shall appear on the Security Register or by wire transfer to an account designated by the person entitled
thereto, and (b) upon the written request of a Holder of not less than $10 million in aggregate principal amount of Securities of this series delivered to the Company and the Paying Agent at least ten days prior to any Interest Payment
Date, payment of interest on such Securities to such Holder on such Interest Payment Date shall be made by wire transfer of immediately available funds to an account maintained within the continental United States specified by such Holder or, if
such Holder maintains an account with the entity acting as Paying Agent, by deposit into such account. 
 Reference is hereby made to the
further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

  
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 Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual, pdf or other electronically imaged signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	NATIONAL FUEL GAS COMPANY
		
	By:	 	  

		 	Karen M. Camiolo
		 	Treasurer and Principal Financial Officer

 [FORM OF CERTIFICATE OF AUTHENTICATION] 

CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

Dated: June 3, 2020 
  

			
	 THE BANK OF NEW YORK MELLON, as
Trustee

		
	By:	 	  

		 	Authorized Signatory

 [FORM OF REVERSE OF NOTE] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture (For Unsecured Debt Securities), dated as of October 1, 1999 (herein, together with any amendments or supplements thereto, called the “Indenture,” which term shall have the meaning
assigned to it in such instrument), between the Company and The Bank of New York Mellon (formerly known as The Bank of New York), as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and
reference is hereby made to the Indenture, including the Board Resolutions and Officer’s Certificate filed with the Trustee on June 3, 2020 creating the series designated on the face hereof, for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series
designated on the face hereof. The acceptance of this Security shall be deemed to constitute the consent and agreement by the Holder hereof to all terms and provisions of the Indenture. 

Optional Redemption 
 The Securities shall
be redeemable at the option of the Company, in whole or in part, at its option, at any time prior to December 15, 2025 in each case at a redemption price (the “Redemption Price”) equal to the greater of 

 

	 	(a)	 100% of the principal amount of the Securities being redeemed; and 

 

	 	(b)	 the sum of the present values of the remaining scheduled payments of principal and interest on the Securities
being redeemed that would be due if such Securities matured on December 15, 2025 but for the redemption (excluding the portion of any such interest accrued to the Redemption Date, as hereinafter defined), discounted to the date fixed for
redemption (“Redemption Date”) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 0.50%

 plus, in each case, accrued but unpaid interest on those Securities to, but not including, the Redemption Date. 

The Securities shall be redeemable at the option of the Company, in whole or in part, at its option, at any time on or after December 15,
2025 at a Redemption Price equal to 100% of the principal amount of the Securities then outstanding to be redeemed, plus accrued but unpaid interest on those Securities to, but not including, the Redemption Date. The Company will notify the Trustee
of the Redemption Price promptly after the calculation thereof, and the Trustee shall not be responsible or liable for any such calculation. 

“Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to
maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

 “Comparable Treasury Issue” means the United States Treasury security
selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed (assuming for this purpose that the Securities matured on December 15, 2025) that would be utilized, at the
time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities. 

“Comparable Treasury Price” means, with respect to any Redemption Date, (i) the average of the Reference Treasury Dealer
Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations or (ii) if the Company obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such
quotations. 
 “Independent Investment Banker” means an independent investment banking institution of national standing
appointed by the Company. 
 “Reference Treasury Dealer” means a primary U.S. Government securities dealer in New York City
appointed by the Company. 
 “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by the Reference
Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 In lieu of stating the
Redemption Price, notices of redemption of the Securities with respect to a Redemption Date occurring prior to December 15, 2025, shall state substantially the following: “The Redemption Price of the Securities of this series to be
redeemed shall equal the sum of (a) the greater of (i) 100% of the principal amount of such Securities of this series, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Securities
of this series being redeemed that would be due if the Securities matured on December 15, 2025 (excluding the portion of any such interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 0.50%, plus accrued interest on the principal amount hereof to the Redemption Date.” 

Notice of redemption shall be given by mail to Holders of Securities, not less than 30 nor more than 60 days prior to the Redemption Date, all
as provided in the Indenture. As provided in the Indenture, notice of redemption at the election of the Company as aforesaid may state that such redemption shall be conditional upon the receipt by the applicable Paying Agent or Agents of money
sufficient to pay the principal of and premium, if any, and interest, if any, on this Security on or prior to the date fixed for such redemption; a notice of redemption so conditioned shall be of no force or effect if such money is not so received
and, in such event, the Company shall not be required to redeem this Security. 

  
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 In the event of redemption of this Security in part only, a new Security or Securities of
this series of like tenor representing the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 

Interest Rate Adjustment 
 The interest
rate payable on the Securities will be subject to adjustments from time to time if an Interest Rate Adjustment Triggering Event occurs or, if following an Interest Rate Adjustment Triggering Event, any of Moody’s, S&P or Fitch, or any
Substitute Rating Agency, subsequently upgrades the debt rating assigned to the Securities, in each case in the manner described below. The interest rate payable on the Securities is also subject to adjustments if any of the Rating Agencies ceases
to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside the Company’s control, subject to the conditions described below. 

If an Interest Rate Adjustment Triggering Event occurs, the interest rate payable on the Securities will increase from the interest rate
payable on the Securities on the date of their issuance by an amount equal to the sum of the percentages set forth in the following tables opposite the ratings of the Securities immediately following such Interest Rate Adjustment Triggering Event;
provided, that only the two lowest ratings assigned to the Securities will be taken into account for purposes of any interest rate adjustment: 
  

					
	 Moody’s Rating*
	  	Percentage	 
	 Ba1
	  	 	0.25	% 
	 Ba2
	  	 	0.50	% 
	 Ba3
	  	 	0.75	% 
	 B1 or below
	  	 	1.00	% 

  

	*	 Including successor ratings of Moody’s or the equivalent ratings of any Substitute Rating Agency for
Moody’s. 

  

					
	 S&P Rating*
	  	Percentage	 
	 BB+
	  	 	0.25	% 
	 BB
	  	 	0.50	% 
	 BB-
	  	 	0.75	% 
	 B+ or below
	  	 	1.00	% 

  

	*	 Including successor ratings of S&P or the equivalent ratings of any Substitute Rating Agency for S&P.

  

					
	 Fitch Rating*
	  	Percentage	 
	 BB+
	  	 	0.25	% 
	 BB
	  	 	0.50	% 
	 BB-
	  	 	0.75	% 
	 B+ or below
	  	 	1.00	% 

  

	*	 Including successor ratings of Fitch or the equivalent ratings of any Substitute Rating Agency for Fitch.

  
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 If at any time after an Interest Rate Adjustment Triggering Event has occurred, any Rating
Agency (or, in any case, a Substitute Rating Agency therefor), as the case may be, subsequently increases its rating of the Securities to any of the threshold ratings set forth above, the interest rate payable on the Securities will be decreased
such that the interest rate payable for the Securities equals the interest rate payable on the Securities on the date of their issuance plus (if applicable) the percentages set forth opposite the ratings from the tables above with respect to the two
lowest ratings assigned to the Securities in effect immediately following the increase. If at any time after an Interest Rate Adjustment Triggering Event has occurred, Moody’s (or any Substitute Rating Agency therefor) subsequently increases
its rating of the Securities to Baa3 (or its equivalent, in the case of a Substitute Rating Agency) or higher, S&P (or any Substitute Rating Agency therefor) increases its rating to BBB- (or its
equivalent, in the case of a Substitute Rating Agency) or higher and Fitch (or any Substitute Rating Agency therefor) increases its rating to BBB- (or its equivalent, in the case of a Substitute Rating Agency)
or higher, the interest rate payable on the Securities will be decreased to the interest rate payable on the Securities on the date of their issuance (and if any two Rating Agencies increase their ratings assigned to the Securities to Baa3, BBB- or BBB- or higher, as the case may be, and the third Rating Agency does not, the interest rate payable on the Securities will be decreased so that it does not reflect any
increase attributable to the upgrading Rating Agencies). In addition, the interest rates on the Securities will permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by any or all
Rating Agencies) if the Securities become rated Baa1, BBB+ or BBB+, as the case may be (or the equivalent of any such rating, in the case of a Substitute Rating Agency), or higher by any two of Moody’s, S&P and Fitch (or, in any case, a
Substitute Rating Agency thereof), respectively. 
 Each adjustment required by any decrease or increase in a rating set forth above,
whether occasioned by the action of any of the Rating Agencies (or, in any case, a Substitute Rating Agency therefor), shall be made independent of any and all other adjustments. In no event shall (1) the interest rate for the Securities be
reduced to below the interest rate payable on the Securities on the date of their issuance or (2) the total increase in the interest rate payable on the Securities exceed 2.00% above the interest rate payable on the Securities on the date of
the issuance. 
 No adjustments in the interest rate payable on the Securities shall be made solely as a result of a Rating Agency ceasing
to provide a rating of the Securities. If at any time a Rating Agency ceases to provide a rating of the Securities for a reason beyond the Company’s control, the Company will use its commercially reasonable efforts to obtain a rating of the
Securities from another Rating Agency, to the extent one exists, and if another such Rating Agency rates the Securities (such Rating Agency, a “Substitute Rating Agency”), for purposes of determining any increase or decrease in the
interest rate payable on the Securities pursuant to the tables above (a) such Substitute Rating Agency will be substituted for the last Rating Agency to provide a rating of the Securities but which has since ceased to provide such rating and
(b) the relative ratings scale used by such Substitute Rating Agency to assign ratings to senior unsecured debt will be determined in good faith by an independent investment banking institution of national standing appointed by the Company and,
for purposes of determining the applicable ratings included in the applicable table above with respect to such Substitute Rating Agency, such ratings will be deemed to be the equivalent ratings used by Moody’s, S&P or Fitch, as

  
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applicable, in such table. If a Rating Agency has ceased to provide a rating of the Securities for any reason and the Company is unable to or otherwise does not designate a successor Rating
Agency, that Rating Agency shall be deemed to have rated the Securities at the lowest level contemplated by the tables above; however, if only one of the Rating Agencies ceases to provide a rating of the Securities for any reason, the deemed rating
of that Rating Agency shall be disregarded for purposes of all interest rate adjustments. If two of the Rating Agencies cease to provide a rating of the Securities for any reason and the Company is unable to or otherwise does not designate a
successor Rating Agency for both Rating Agencies, the deemed rating of only one of such two Rating Agencies shall be disregarded. If all three Rating Agencies cease to provide a rating of the Securities for any reason and the Company is unable to or
otherwise does not designate a successor Rating Agency for all three Rating Agencies, the interest rate on the Securities will increase to, or remain at, as the case may be, 2.00% above the interest rate payable on the Securities on the date of
their issuance. 
 Any interest rate increase or decrease described above will take effect from the first day of the semi-annual interest
period commencing after the date on which a rating change occurs that requires an adjustment in the interest rate. 
 If the interest rate
payable on the Securities is increased as described in this “Interest Rate Adjustment,” the term “interest,” as applicable to the Securities, will be deemed to include any such additional interest unless the context otherwise
requires. 
 The Company shall give the Trustee prompt written notice of any such increase or decrease, pursuant to this section, in the
interest rate on the Securities, which notice shall set forth the amount of such increase or decrease, the basis therefor and the date from which such increase or decrease shall take effect. The Trustee shall have no duty to independently monitor or
determine whether any such increase or decrease has occurred, the amount of such increase or decrease or the date from which such increase or decrease shall take effect and shall be fully-protected in relying on an officer’s certificate stating
that an interest rate adjustment has occurred and the amount of such adjustment. 
 For purposes of the interest rate adjustment
provisions of the Securities, the following terms will be applicable: 
 “Fitch” means Fitch Ratings Inc., or any
successor thereto. 
 “Interest Rate Adjustment Triggering Event” means the rating on the Securities is lowered by at least
one Rating Agency such that the rating on the Securities is below investment grade. 
 “Moody’s” means Moody’s
Investors Service, Inc., or any successor thereto. 
 “Rating Agencies” means (1) each of Fitch, Moody’s and
S&P and (2) if any of Fitch, Moody’s or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical
rating organization” within the meaning of Section 3(a)(62) under the Exchange Act selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P,
or all of them, as the case may be. 

  
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 “S&P” means S&P Global Ratings, a division of S&P Global, Inc.,
or any successor thereto. 
 Change of Control Offer 

If a Change of Control Triggering Event occurs, unless the Company has exercised its option to redeem the Securities as described above, the
Company shall make an offer (a “Change of Control Offer”) to each Holder of the Securities to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that Holder’s Securities on the terms
set forth herein. In the Change of Control Offer, the Company shall offer payment in cash equal to 101% of the aggregate principal amount of Securities repurchased, plus accrued and unpaid interest, if any, on the Securities repurchased to, but not
including, the date of repurchase (a “Change of Control Payment”), subject to the right of Holders of record on the applicable record date to receive interest due on the next Interest Payment Date. 

Within 30 days following any Change of Control Triggering Event or, at the Company’s option, prior to any Change of Control, but after
public announcement of the transaction that constitutes or may constitute the Change of Control, the Company shall mail a notice to Holders of the Securities describing the transaction that constitutes or may constitute the Change of Control
Triggering Event and offer to repurchase such Securities on the date specified in the applicable notice, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (a “Change of Control Payment
Date”). The notice, if mailed prior to the date of consummation of the Change of Control, shall state that the Change of Control Offer is conditioned on the Change of Control Triggering Event occurring on or prior to the applicable Change of
Control Payment Date. 
 Upon the Change of Control Payment Date, the Company shall, to the extent lawful: 

 

	 	(a)	 accept for payment all Securities or portions of Securities properly tendered and not withdrawn pursuant to the
Change of Control Offer; 

  

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

  

	 	(c)	 deliver or cause to be delivered to the Trustee the Securities properly accepted together with an
Officer’s Certificate stating the aggregate principal amount of Securities or portions of Securities being repurchased. 

The Company need not make a Change of Control Offer upon the occurrence of a Change of Control Triggering Event if a third party makes such an
offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and the third party repurchases all Securities properly tendered and not withdrawn under its offer. In addition, the Company shall
not repurchase any Securities if there has occurred and is continuing on the Change of Control Payment Date an Event of Default under the Indenture, other than a default in the payment of the Change of Control Payment upon a Change of Control
Triggering Event. 

  
 - 6 - 

 The Company shall comply with the applicable requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (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 Securities 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 Change of Control Offer provisions of the Securities, the
Company shall comply with those securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control Offer provisions of the Securities by virtue of any such conflict. 

The Trustee shall have no duty or obligation to monitor whether or not a Change of Control Triggering Event has occurred, and the Trustee may
conclusively presume that no such event shall have occurred unless and until the Trustee shall have received from the Company the officer’s certificate stating the aggregate principal amount of the Securities or portions of Securities being
repurchased referred to above. 
 For purposes of the Change of Control Offer provisions of the Securities, the following terms are
applicable: 
 “Change of Control” means the occurrence of any 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 more series of related transactions, of all or substantially all of the Company’s assets and the assets of its subsidiaries, taken as a
whole, to any person, 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 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 Company’s outstanding Voting Stock or other Voting
Stock into which the Company’s Voting Stock 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 Company’s outstanding Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash,
securities or other property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of
the surviving person or any direct or indirect parent company of the surviving person, measured by voting power rather than number of shares, immediately after giving effect to such transaction; or (4) the adoption of a plan relating to the
Company’s liquidation or dissolution. 
 The term “person,” as used in this definition, has the meaning given thereto
in Section 13(d)(3) of the Exchange Act. 
 “Change of Control Triggering Event” means the occurrence of both a Change
of Control and a Rating Event. 

  
 - 7 - 

 “Fitch” means Fitch Ratings Inc., or any successor thereto. 

“Investment Grade Rating” means a rating equal to or higher than BBB- (or the
equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies
selected by the Company. 
 “Moody’s” means Moody’s Investors Service, Inc., or any successor thereto. 

“Rating Agencies” means (1) each of Fitch, Moody’s and S&P and (2) if any of Fitch, Moody’s or
S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of
Section 3(a)(62) under the Exchange Act selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or all of them, as the case may be. 

“Rating Event” means the rating on the Securities is lowered by at least two of the three Rating Agencies and the Securities
are rated below an Investment Grade Rating by at least two of the three Rating Agencies, in any case on any day during the period (which period shall be extended so long as the rating of the Securities is under publicly announced consideration for a
possible downgrade by any of the Rating Agencies) commencing 60 days prior to the first public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control and ending 60 days following consummation of
such Change of Control. 
 “S&P” means S&P Global Ratings, a division of S&P Global, Inc., or any successor
thereto. 
 “Voting Stock” means, with respect to any specified “person” (as that term is used in
Section 13(d)(3) of the Exchange Act) as of any date, 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. 

Unless the Company defaults in the Change of Control Payment, on and after the Change of Control Payment Date, interest shall cease to accrue
on the Securities or portions of the Securities tendered for repurchase pursuant to the Change of Control Offer. 
 The Indenture contains
provisions for defeasance at any time of the entire indebtedness of the Company in respect of this Security, or any portion of the principal amount thereof, upon compliance with certain conditions set forth in the Indenture, including the
Officer’s Certificate described above. 
 If an Event of Default with respect to Securities shall occur and be continuing, the
principal of the Securities may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any
time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of 

  
 - 8 - 

 
the Securities at the time Outstanding of all series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities
of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any
such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As provided in and subject to the provisions of the
Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless (a) such Holder shall have
previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, (b) the Holders of a majority in aggregate principal amount of the Securities of all series at the time Outstanding in
respect of which an Event of Default shall have occurred and be continuing shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee, (c) such Holder shall have
offered the Trustee reasonable indemnity, (d) the Trustee shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity, and (e) the Trustee shall not have received from the
Holders of a majority in aggregate principal amount of Securities of all series at the time Outstanding in respect of which an Event of Default shall have occurred and be continuing a direction inconsistent with such request. The foregoing shall not
apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof and premium, if any, or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

The Securities are issuable only in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess
thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities are transferable to a transferee or transferees, as designated by the Holder surrendering the same for such registration of transfer, and
exchangeable for a like aggregate principal amount of Securities and of like tenor and of authorized denominations, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 The Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Security is registered as the absolute owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

  
 - 9 -EX-4.2

 Exhibit 4.2 
  

 
  

WRKCO INC. 
 as Issuer 

and 
 WESTROCK COMPANY, 

WESTROCK MWV, LLC 
 and 

WESTROCK RKT, LLC 
 as Guarantors

  
  

THIRD SUPPLEMENTAL INDENTURE 

Dated as of June 3, 2020 
 to

 INDENTURE 
 Dated as of
December 3, 2018 
  
  

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

as Trustee 
 3.000% Senior Notes
due 2033 
  
  

 

 TABLE OF CONTENTS 
  

					
	 	  	Page	 
	ARTICLE I	  

		
	 Definitions
	  			
		
	 SECTION 1.1. Definition of Terms
	  	 	2	 
	 SECTION 1.2. Other Definitions
	  	 	5	 
	 SECTION 1.3. Rules of Construction
	  	 	6	 
	
	ARTICLE II	  

		
	 General Terms and Conditions of the Notes
	  			
		
	 SECTION 2.1. Designation and Principal Amount
	  	 	6	 
	 SECTION 2.2. Further Issues
	  	 	6	 
	 SECTION 2.3. Maturity
	  	 	7	 
	 SECTION 2.4. Interest
	  	 	7	 
	 SECTION 2.5. Form of Notes
	  	 	7	 
	 SECTION 2.6. Optional Redemption
	  	 	7	 
	 SECTION 2.7. Mandatory Redemption
	  	 	8	 
	 SECTION 2.8. Appointment of Depositary
	  	 	8	 
	 SECTION 2.9. Change of Control
	  	 	8	 
	 SECTION 2.10. Defeasance
	  	 	10	 
	
	ARTICLE III	  

		
	 Miscellaneous
	  			
		
	 SECTION 3.1. Ratification of Base Indenture
	  	 	10	 
	 SECTION 3.2. Trustee Not Responsible for Recitals, etc.
	  	 	10	 
	 SECTION 3.3. Governing Law; Waiver of Jury Trial
	  	 	10	 
	 SECTION 3.4. Severability
	  	 	11	 
	 SECTION 3.5. Counterpart Originals
	  	 	11	 
	
	 EXHIBIT A Form of 2033 Notes
	  

  
 i 

 THIRD SUPPLEMENTAL INDENTURE, dated as of June 3, 2020 (this
“Supplemental Indenture”), by and among WRKCo Inc., a Delaware corporation (the “Issuer”), WestRock Company, a Delaware corporation (“Parent”), WestRock MWV, LLC, a Delaware limited liability
company (“WRK MWV”), WestRock RKT, LLC, a Georgia limited liability company (“WRK RKT”), and The Bank of New York Mellon Trust Company, N.A., a national banking association organized under the laws of the United
States of America, as trustee (the “Trustee”). 
 RECITALS 

WHEREAS, the Issuer and the Guarantors previously executed and delivered an indenture, dated as of December 3, 2018, among the Issuer,
the Guarantors and the Trustee (the “Base Indenture” and, as supplemented by this Supplemental Indenture with respect to the Notes (as defined below), the “Indenture”) to provide for the issuance from time to time
of the Issuer’s unsecured debentures, notes or other evidences of indebtedness (the “Securities”), to be issued in one or more series and guaranteed by the Guarantors on the terms set forth therein; 

WHEREAS, pursuant to the terms of the Base Indenture, the Issuer desires to provide for the establishment of a new series of Securities under
the Base Indenture to be known as its “3.000% Senior Notes due 2033” (the “Notes”), the form and substance of such series and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture
and this Supplemental Indenture; 
 WHEREAS, the Board of Directors of the Issuer, has duly authorized the issuance of the Notes, and has
authorized the proper officers of the Issuer to execute any and all appropriate documents necessary or appropriate to effect such issuance; 

WHEREAS, this Supplemental Indenture is being entered into pursuant to the provisions of Sections 2.1 and 9.1(xi) of the Base Indenture;

 WHEREAS, the Issuer has requested that the Trustee execute and deliver this Supplemental Indenture; 

AND WHEREAS, all acts and things necessary to make this Supplemental Indenture a valid agreement according to its terms, and to make the
Notes, when executed by the Issuer and authenticated and delivered by the Trustee, the valid obligations of the Issuer and the Guarantees the valid obligations of the Guarantors, have been done and performed, and the execution of this Supplemental
Indenture and the issue hereunder of the Notes has been duly authorized in all respects; 

 NOW THEREFORE, in consideration of the premises and the purchase of the Notes by the Holders
thereof, and for the purpose of setting forth, as provided in the Base Indenture, the forms and terms of the Notes, each of the Issuer and the Guarantors covenants and agrees with the Trustee, as follows: 

ARTICLE I 
 Definitions

 SECTION 1.1. Definition of Terms. For all purposes of this Supplemental Indenture, except as otherwise
expressly provided or unless the context otherwise requires, the following terms shall have the following meanings: 

(i)    “Additional Notes” means notes issued pursuant to Section 2.2 hereof and
having identical terms as the Notes, other than as expressly permitted by Section 2.2. 
 (ii)    
“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 Parent and its Subsidiaries taken as a whole to any
“person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than to Parent 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” (as that term is used in Section 13(d)(3) of the Exchange Act) becomes the ultimate “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 Parent, measured by voting power rather than number of shares; 

(3) Parent consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into,
Parent, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of Parent 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 Parent outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving Person or any direct or indirect parent company of the surviving
Person immediately after giving effect to such transaction; 
 (4) the first day on which the majority of the members of the
Board of Directors of Parent cease to be Continuing Directors; or 
 (5) the adoption of a plan relating to the liquidation
or dissolution of Parent. 

  
 2 

 Notwithstanding the foregoing, a transaction will not be deemed to involve
a Change of Control if (i) Parent becomes a direct or indirect wholly owned subsidiary of another Person and (ii)(A) the direct or indirect holders of the Voting Stock of such other Person immediately following that transaction are
substantially the same as the holders of the Voting Stock of Parent immediately prior to that transaction or (B) immediately following that transaction no Person (other than a person satisfying the requirements of this sentence) is the
beneficial owner, directly or indirectly of more than 50% of the Voting Stock of such Person. 

(iii)     “Change of Control Triggering Event” means the Notes cease to be rated
Investment Grade by both Rating Agencies on any date during the period (the “Trigger Period”) commencing sixty (60) days prior to the first public announcement of the intention to effect any Change of Control (or pending Change
of Control) and ending sixty (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 Rating Agency has publicly announced that it is
considering a possible ratings change), provided that in making the relevant decision(s) referred to above to downgrade or withdraw such ratings, as applicable, the relevant Rating Agency announces publicly or confirms in writing to the
Issuer that such decisions(s) resulted, in whole or in part, from any event or circumstance comprising part of or arising as a result of, or in respect of, such Change of Control or the first public announcement of the intention to effect such
Change of Control (whether or not such Change of Control has occurred at the time of the downgrade or withdrawal in ratings). If a Rating Agency (including any successor to, or replacement Rating Agency for, 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 been consummated. The Trustee is not responsible for monitoring, or charged with knowledge of, the ratings
of the Notes. 
 (iv)    “Comparable Treasury Issue” means the United States Treasury
security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Notes to be redeemed (assuming for this purpose that the Notes matured on the Par Call Date) that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes. 

(v)     “Comparable Treasury Price” means, as determined by the Issuer, with respect to
any Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and 

  
 3 

 
lowest such Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than five such Reference Treasury Dealer Quotations, the average of all such
Reference Treasury Dealer Quotations. 
 (vi)    “Continuing Directors” means, as of any
date of determination, any member of the Board of Directors of Parent who: 
 (1) was a member of such Board of Directors on
the date of this Supplemental Indenture; or 
 (2) was nominated for election or elected to such Board of Directors with the
approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election. 

(vii)    “Independent Investment Banker” means an independent investment banking
institution of national standing appointed by the Issuer. 
 (viii)    “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) and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by the Issuer under the circumstances permitting the Issuer to select a replacement agency and in
the manner for selecting a replacement agency, in each case as set forth in the definition of “Rating Agency.” 

(ix)    “Moody’s” means Moody’s Investors Service, Inc., a subsidiary of
Moody’s Corporation, and its successors. 
 (x)     “Rating Agency” means each of
Moody’s and S&P; provided, that if either of Moody’s or S&P ceases to provide rating services to issuers or investors, the Issuer may appoint a replacement for such Rating Agency. 

(xi)    “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding such Redemption Date (or, in the case of discharge or defeasance prior to a Redemption Date, on the
third Business Day preceding the date of the deposit of funds with the Trustee). 

(xii)    “Reference Treasury Dealers” means BofA Securities, Inc., Rabo Securities USA,
Inc. or an affiliate thereof which is a Primary Treasury Dealer, SMBC Nikko Securities America, Inc. or an affiliate thereof which is a Primary Treasury Dealer, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities,

  
 4 

 
LLC; provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”), the
Issuer shall substitute therefor another Primary Treasury Dealer. 
 (xiii)    “S&P”
means S&P Global Ratings, a division of S&P Global Inc., and its successors. 

(xiv)    “Treasury Rate” means, with respect to any Redemption Date, (1) the yield,
which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15” or any successor publication which is published weekly by the Board of Governors of the Federal
Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity for the maturity corresponding to the Comparable Treasury Issue (or if no maturity is within three months before or after
the maturity date of the Notes, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or extrapolated from such yields on a straight-line
basis, rounded to the nearest month) or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield
to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be
calculated on the third Business Day preceding such Redemption Date (or in the case of discharge or defeasance prior to a Redemption Date, on the third Business Day preceding the date of deposit of funds with the Trustee). 

SECTION 1.2. Other Definitions. 
  

			
	 Term
	  	Defined in Section
	 “Notes Interest Payment Date”
	  	2.4(a)
	 “Notes”
	  	Recitals
	 “Par Call Date”
	  	2.6(a)
	 “Base Indenture”
	  	Recitals
	 “Change of Control Offer”
	  	2.9(a)
	 “Change of Control Payment Date”
	  	2.9(b)
	 “Indenture”
	  	Recitals
	 “Issuer”
	  	Preamble
	 “Notes”
	  	Recitals
	 “Parent”
	  	Preamble
	 “Primary Treasury Dealer”
	  	1.1(xiii)
	 “Supplemental Indenture”
	  	Preamble
	 “Trustee”
	  	Preamble
	 “WRK MWV”
	  	Preamble
	 “WRK RKT”
	  	Preamble

  
 5 

 SECTION 1.3. Rules of Construction. Unless the context otherwise
requires: 
 (i)     each term defined in the Base Indenture has the same meaning when used in this
Supplemental Indenture; 
 (ii)    a term has the meaning assigned to it; 

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

 (iv)    “or” is not exclusive; 

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

(vi)    unless the context otherwise requires, any reference to an “Article” or a
“Section” refers to an Article or a Section, as the case may be, of this Supplemental Indenture; and 

(vii)    the words “herein,” “hereof” and “hereunder” and other words of
similar import refer to this Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 
 ARTICLE II

 General Terms and Conditions of the Notes 

SECTION 2.1. Designation and Principal Amount. There are hereby authorized and established a series of Securities under the Base
Indenture, designated as the “3.000% Senior Notes due 2033” which is not limited in aggregate principal amount. The aggregate principal amount of the Notes to be issued as of the date hereof shall be $600,000,000. 

SECTION 2.2. Further Issues. 

(a) So long as no Default or Event of Default shall have occurred and be continuing with respect to the Notes at the time of such issuance, the
Issuer may from time to time, without the consent of the Holders of the Notes, issue Additional Notes. Any such Additional Notes subsequently issued under this Supplemental Indenture will have the same interest rate, maturity date and other terms as
the Notes, other than, as determined by the Issuer, the date of issuance, issue price, initial Interest Payment Date and amount of interest payable on the initial Interest Payment Date applicable thereto. The Notes and any Additional Notes
subsequently issued under this Supplemental Indenture will constitute a single series of Notes under the Indenture; provided that if any such Additional Notes would not be fungible with the outstanding Notes for U.S. federal income tax
purposes, the Issuer shall cause such Additional Notes to be issued with a separate CUSIP number. Unless the context otherwise requires, for all purposes of the Indenture, references to the Notes shall include any Additional Notes actually issued.

  
 6 

 SECTION 2.3. Maturity. The Notes will mature on June 15, 2033. 

SECTION 2.4. Interest. 

(a) Interest on the Notes will be payable in Dollars semi-annually in arrears on June 15 and December 15 of each year, commencing on
December 15, 2020 (each a “Notes Interest Payment Date”). Interest on the Notes shall accrue (computed on the basis of a 360-day year comprised of twelve 30-day months) from the most recent date to which interest has been paid or, if no interest has been paid, from and including June 3, 2020. The Issuer will pay interest on the Notes on the applicable Notes
Interest Payment Date to the Persons who are registered Holders of the Notes at the close of business on June 1 and December 1 (whether or not any such date is a Business Day) immediately preceding the relevant Notes Interest Payment Date.
The interest rate on the Notes will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application. 

(b) In any case where any Interest Payment Date shall not be a Business Day at any place of payment, then (notwithstanding any other provision
of the Indenture or of the Notes) payment of interest need not be made at such place of payment on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest
Payment Date; and no interest shall accrue on such amount for the period from and after such Interest Payment Date if payment is made on the next succeeding Business Day. 

SECTION 2.5. Form of Notes. 

(a) The Notes shall be substantially in the form of Exhibit A attached hereto, which is incorporated by reference herein. 

(b) On the date hereof, the Issuer shall execute and the Trustee shall authenticate and deliver the Notes in the form of Global Securities
that (i) shall be registered in the name of the Depositary or the nominee of the Depositary and (ii) shall be delivered by the Trustee to the Depositary, pursuant to the Depositary’s instructions, or held by the Trustee as Global
Security Custodian. The Trustee may authenticate the Notes by manual or electronic signature. 
 SECTION 2.6. Optional Redemption.

 (a) At any time before March 15, 2033 (the “Par Call Date”), the Issuer may redeem the Notes in whole or in part at
a Redemption Price (calculated by the Issuer) equal to the greater of: 
 (i)    100% of the principal
amount of the Notes being redeemed; and 

  
 7 

 (ii)    the sum of the present values of the remaining
scheduled payments of principal and interest in respect of the Notes being redeemed that would be due if the Notes being redeemed matured on the Par Call Date (exclusive of interest accrued to the Redemption Date and assuming that the maturity date
for the Notes and the last Interest Payment Date in respect thereof is the Par Call Date) discounted to the Redemption Date on a semi-annual basis (assuming 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 basis points; 
 plus, in each case, accrued
and unpaid interest to, but not including, the Redemption Date. 
 At any time on or after the Par Call Date, the Issuer may redeem the
Notes in whole or in part at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest to, but not including, the Redemption Date. 

(b) At least fifteen (15) days but not more than sixty (60) days before a Redemption Date, the Issuer shall give or cause to be
given a notice of redemption to each Holder whose Notes are to be redeemed, in accordance with the provisions of Section 3.4 of the Base Indenture. Notice of any redemption of Notes in connection with a corporate transaction (including, but not
limited to, any equity offering, an incurrence of indebtedness or a change of control) may, at the Issuer’s discretion, be given prior to the completion thereof and any such redemption may, at the Issuer’s discretion, be subject to one or
more conditions precedent, including, but not limited to, completion of the related transaction. If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition and such notice may
be rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date. If any such condition precedent has not been satisfied, the Issuer will provide written notice to the Trustee prior to the close of
business two (2) Business Days prior to the Redemption Date. Upon receipt of such notice, the notice of redemption shall be rescinded and the redemption of the Notes shall not occur. Upon receipt, the Trustee shall give such notice to each
Holder of the Notes in the same manner in which the notice of redemption was given. Except as set forth in this paragraph (c), the terms of Article III of the Base Indenture shall govern any redemption of the Notes. 

SECTION 2.7. Mandatory Redemption. The Issuer is not required to make any mandatory redemption or sinking fund payments with respect
to the Notes. 
 SECTION 2.8. Appointment of Depositary. DTC will initially be the Depositary with respect to the Notes. 

SECTION 2.9. Change of Control. (a) If a Change of Control Triggering Event with respect to the Notes occurs, unless the Issuer
has exercised its right to redeem the Notes in accordance with Section 2.6, each Holder of 

  
 8 

 
the Notes will have the right to require the Issuer to purchase all or a portion (equal to $2,000 principal amount and any integral multiples of $1,000 in excess thereof) of such Holder’s
Notes pursuant to the offer described below (a “Change of Control Offer”) at a purchase price equal to 101% of the principal amount of the Notes repurchased, plus accrued and unpaid interest, if any, to, but not including, the date
of repurchase, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant Interest Payment Date. 

(b) The Issuer shall give a notice to each Holder of the Notes, with a copy to the Trustee, within thirty (30) days following the date
upon which any Change of Control Triggering Event occurred, or at its option, prior to any Change of Control but after the public announcement of the pending Change of Control. The notice will govern the terms of the Change of Control Offer and will
describe, among other things, the transaction that constitutes or may constitute the Change of Control Triggering Event and the purchase date. The purchase date will be at least thirty (30) days but no more than sixty (60) days from the
date such notice is given, other than as may be required by law (a “Change of Control Payment Date”). If the notice is given prior to the date of consummation of the Change of Control, the notice will state that the Change of
Control Offer is conditioned on the Change of Control being consummated on or prior to the Change of Control Payment Date. Holders electing to have their Notes purchased pursuant to a Change of Control Offer will be required to surrender their
Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse completed, to the Paying Agent at the address specified in the notice, or transfer their Notes to the Paying Agent by book-entry transfer pursuant to the
applicable procedures of the Paying Agent, prior to the close of business on the third Business Day prior to the Change of Control Payment Date. 

(c) On the Change of Control Payment Date, the Issuer will, to the extent lawful: (i) accept for payment all properly tendered Notes or
portions of Notes that have not been validly withdrawn; (ii) deposit with the Paying Agent the required payment for all properly tendered Notes or portions of Notes that have not been validly withdrawn; and (iii) deliver or cause to be
delivered to the Trustee the repurchased Notes, accompanied by an Officers’ Certificate stating the aggregate principal amount of repurchased Notes. 

(d) The Issuer 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 Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such
securities laws or regulations conflict with this Section 2.9, the Issuer will comply with those securities laws and regulations and will not be deemed to have breached its obligations under this Section 2.9 by virtue of any such conflict.

 (e) The Issuer will not be required to make a Change of Control Offer if a third party makes such an offer in the manner, at the times
and otherwise in compliance with the requirements set forth in this Section 2.9 and such third party purchases all of the Notes properly tendered and not withdrawn under such offer. 

  
 9 

 (f) If 90% or more in principal amount of the Notes then outstanding has been redeemed or
purchased hereunder pursuant to a Change of Control Offer, the Issuer may, at its option, on not less than thirty (30) or more than sixty (60) days’ notice to the Holders of the Notes given within thirty (30) days after the
relevant Change of Control Payment Date, redeem or purchase (or procure the purchase of) the remaining outstanding Notes at 101% of their principal amount plus interest accrued to, but excluding, the date of such redemption or purchase. 

SECTION 2.10. Defeasance. The provisions of Article VIII of the Base Indenture will apply to the Notes. If the Issuer exercises its
covenant defeasance option pursuant to Section 8.1 and 8.3 of the Base Indenture, in addition to the provisions of the Base Indenture set forth in Section 8.3 of the Base Indenture, the Issuer also shall be released from its obligations
under Section 2.9 of this Supplemental Indenture. 
 ARTICLE III 

Miscellaneous 
 SECTION
3.1. Ratification of Base Indenture. The Base Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Base Indenture in the manner and
to the extent herein and therein provided; provided that the provisions of this Supplemental Indenture apply solely with respect to the Notes. 

SECTION 3.2. Trustee Not Responsible for Recitals, etc. The recitals contained herein and in the Notes (except in the certificate of
authentication) shall be taken as the statements of the Issuer, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to and shall not be responsible for the validity or sufficiency of
this Supplemental Indenture or of the Notes. The Trustee shall not be accountable for the use or application by the Issuer of the Notes or the proceeds of the Notes authenticated and delivered by the Trustee in conformity with the provisions of this
Supplemental Indenture or for any money paid to the Issuer or upon the Issuer’s directions under any provision of this Supplemental Indenture. The Trustee shall not be bound to ascertain or inquire as to the performance, observance, or breach
of any covenants, conditions, representations, warranties or agreements on the part of the Issuer, and shall not be responsible for any statement in any document used in connection with the sale of any Notes. Neither the Trustee nor any Paying Agent
shall be responsible for monitoring the Issuer’s rating status, making any request upon any Rating Agency or determining whether any rating event has occurred. All of the provisions contained in the Base Indenture in respect of the rights,
privileges, protections, immunities, powers and duties of the Trustee shall be applicable in respect of this Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. 

SECTION 3.3. Governing Law; Waiver of Jury Trial. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO

  
 10 

 
CONSTRUE THE BASE INDENTURE, THIS SUPPLEMENTAL INDENTURE, THE NOTES AND THE GUARANTEES. EACH HOLDER OF A NOTE AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE BASE INDENTURE, THIS SUPPLEMENTAL INDENTURE, THE NOTES, THE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

SECTION 3.4. Severability. In case any provision in this Supplemental Indenture or in the Notes shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

SECTION 3.5. Counterpart Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall
be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF transmission shall be deemed to be their original
signatures for all purposes. 

  
 11 

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

					
	WRKCO INC.
		
	By:	 	 /s/ Robert B. McIntosh

		 	Name:	  	Robert B. McIntosh
		 	Title:	  	 Executive Vice President,
 General Counsel
and Secretary

	
	WESTROCK COMPANY
		
	By:	 	 /s/ Robert B. McIntosh

		 	Name:	  	Robert B. McIntosh
		 	Title:	  	 Executive Vice President,
 General Counsel
and Secretary

	
	WESTROCK MWV, LLC
		
	By:	 	 /s/ Robert B. McIntosh

		 	Name:	  	Robert B. McIntosh
		 	Title:	  	 Executive Vice President,
 General Counsel
and Secretary

	
	WESTROCK RKT, LLC
		
	By:	 	 /s/ Robert B. McIntosh

		 	Name:	  	Robert B. McIntosh
		 	Title:	  	 Executive Vice President,
 General Counsel
and Secretary

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

					
	THE BANK OF NEW YORK MELLON
	TRUST COMPANY, N.A., AS TRUSTEE
		
	By:	 	 /s/ Karen Yu

		 	Name:	 	Karen Yu
		 	Title:	 	Vice President

  
 2 

 EXHIBIT A 

FORM OF NOTE 
 3.000% Senior Notes
due 2033 
 [Insert the Global Security Legend, if applicable] 

WRKCO INC. 
 3.000% SENIOR NOTES
DUE 2033 
  

			
	No.                     	  	CUSIP: 92940P AG9
		  	ISIN: US92940PAG90

 WRKCo Inc. promises to pay to
[                    ] [insert if Global Note: Cede & Co.], or registered assigns, the principal sum of
[                     Dollars ($        )] / [insert if Global Note: the principal amount set forth on the
Schedule of Exchanges of Interests in Global Note attached hereto, which principal amount may from time to time be reduced or increased, as appropriate, in accordance with the within mentioned Indenture and as reflected in the Schedule of Exchanges
of Interests in the Global Note attached hereto, to reflect exchanges, purchases, retirements or redemptions of the Notes represented hereby] on June 15, 2033. 

Interest Payment Dates: June 15 and December 15, beginning December 15, 2020 

Record Dates: June 1 and December 1 

Reference is made to further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on
the reverse hereof by manual or electronic signature, this Note shall not be entitled to any benefits under the Indenture referred to on the reverse hereof or be valid or obligatory for any purpose. 

  
 3 

 IN WITNESS HEREOF, the Issuer has caused this instrument to be duly executed. 

Dated: 
  

					
	WRKCO INC.
			
	    	 	By:	 	
                     

		 		 	  Name:
  Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes 
 referred to in the within-mentioned
Indenture: 
 Dated:
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
		
	By:	 	
                     
                                        

		 	  Authorized Signatory

  
 4 

 (Reverse of Note) 

3.000% Senior Notes due 2033 

WRKCO INC. 
 Capitalized
terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

(1)    Interest. WRKCo Inc., a Delaware corporation (the “Issuer”), promises to pay interest on
the principal amount of this Note at the rate of 3.000% per annum, and at the same rate on any overdue principal or overdue installment of interest to the extent lawful. The Issuer will pay interest in Dollars (except as otherwise provided herein)
semi-annually in arrears on June 15 and December 15 of each year, commencing on December 15, 2020 (each an “Interest Payment Date”). 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 and including June 3, 2020. Interest shall be computed on the basis of a 360-day year comprised of twelve
30-day months. The interest rate on the Notes will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application. 

(2)    Method of Payment. The Issuer will pay interest on the Notes on the applicable Interest Payment Date to the
Persons who are registered Holders of the Notes at the close of business on June 1 and December 1 preceding the Interest Payment Date. The Notes shall be payable as to principal, premium and interest at the office or agency of the Issuer
maintained for such purpose within or without the City and State of New York; provided that payment by wire transfer of immediately available funds shall be required with respect to principal of, premium, if any, and interest on, all Global
Securities and all other Notes the Holders of which shall have provided written wire transfer instructions with respect to a bank in the continental United States to the Issuer and the Paying Agent. Such payment shall be in such coin or currency of
the United States of America as at the time of payment is legal tender for payment of public and private debts. 
 If any Interest Payment
Date, Stated Maturity date, repurchase date or Redemption Date is not a Business Day, the payment otherwise required to be made on such date will be made on the next Business Day without any additional payment as a result of such delay. 

The amount due and payable at the maturity of this Note shall be payable only upon presentation and surrender of this Note at an office of the
Trustee or the Trustee’s agent appointed for such purposes. 
 (3)    Paying Agent and Registrar. Initially,
The Bank of New York Mellon Trust Company, N.A., the Trustee under the Indenture, shall act as Paying Agent and Registrar. The Issuer may change any Paying Agent or Registrar without notice to any Holder. The Issuer or any of its Subsidiaries may
act in any such capacity. 

  
 5 

 (4)    Indenture. The Issuer issued the Notes under an indenture
dated as of December 3, 2018, among the Issuer, the Guarantors and the Trustee (the “Base Indenture”), as supplemented by the Third Supplemental Indenture dated as of June 3, 2020, among the Issuer, the Guarantors and the
Trustee (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”). The terms of the Notes include those stated in the Indenture and those made a part of the Indenture by reference to the
Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “TIA”). To the extent the provisions of this Note are inconsistent with the provisions of the Indenture, the Indenture shall govern. The
Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. 
 (5)
    Guarantees. The payment of principal and interest on the Notes is unconditionally guaranteed on an unsubordinated basis by the Guarantors as set forth in the Indenture. 

(6)    Optional Redemption. The Notes are redeemable at the option of the Issuer as provided in, and subject to the
terms of, Section 2.6 of the Supplemental Indenture. 
 (7)    Mandatory Redemption. The Issuer shall not be
required to make mandatory redemption or sinking fund payments with respect to the Notes. 
 (8)    Change of Control
Triggering Event. If a Change of Control Triggering Event occurs, each Holder of the Notes will have the right to require the Issuer to purchase all or a portion (equal to $2,000 principal amount and any integral multiples of $1,000 in excess
thereof) of such Holder’s Notes pursuant to the offer described below at a purchase price equal to 101% of the principal amount of the Notes repurchased, plus accrued and unpaid interest, if any, to, but not including, the date of repurchase,
subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant Interest Payment Date, as provided in, and subject to the terms of, Section 2.9 of the Supplemental Indenture. 

(9)    Denominations, Transfer, Exchange. The Notes are in registered form without coupons in initial denominations
of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of the Notes may be registered and the Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and the Issuer may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Issuer need not exchange or register the transfer of any Note or portion of a Note
selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, it need not exchange or register the transfer of any Notes for a period of fifteen (15) days before a selection of Notes to be redeemed or
during the period between a record date and the corresponding Interest Payment Date. 
 (10)    Persons Deemed
Owners. The registered Holder of a Note may be treated as its owner for all purposes. 

  
 6 

 (11)    Amendment, Supplement and Waiver. The Indenture or the
Notes may be amended or supplemented, as provided in, and subject to the terms of, Article IX of the Base Indenture. 

(12)    Defaults and Remedies. If an Event of Default with respect to the Notes at the time outstanding (other than
an Event of Default related to certain events of bankruptcy, insolvency or reorganization of the Issuer) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the then
outstanding Notes may declare the principal of all of the outstanding Notes and any accrued interest on the Notes to be due and payable immediately by a notice in writing to the Issuer (and to the Trustee if given by the Holders). If an Event of
Default specified in clause (vi) of Section 6.1 of the Base Indenture occurs with respect to the Issuer, the principal of and any accrued interest on the Notes then outstanding shall ipso facto become immediately due and payable without
any declaration or other act on the part of the Trustee or any Holder. 
 Under certain circumstances, the Holders of a majority in
principal amount of the Notes then outstanding, by written notice to the Issuer and the Trustee, may rescind and annul such declaration and its consequences, as provided in, and subject to the terms of, Article VI of the Base Indenture. 

(13)    Trustee Dealings with the Issuer. The Trustee, in its individual or any other capacity, may make loans to,
accept deposits from, and perform services for the Issuer, the Guarantors or their respective Affiliates, and may otherwise deal with the Issuer, the Guarantors or their respective Affiliates, as if it were not the Trustee. 

(14)    No Recourse Against Others. No director, officer, employee, stockholder, general or limited partner or
incorporator, past, present or future, of Parent, the Issuer or any of its Subsidiaries, as such or in such capacity, shall have any personal liability for any obligations of the Issuer under the Notes, any Guarantee or the Indenture by reason of
his, her or its status as such director, officer, employee, stockholder, general or limited partner or incorporator. 
 No recourse may, to
the full extent permitted by applicable law, be taken, directly or indirectly, with respect to the obligations of the Issuer or the Guarantors on the Notes or under the Indenture or any related documents, any certificate or other writing delivered
in connection therewith, against (i) the Trustee in its individual capacity, or (ii) any partner, owner, beneficiary, agent, officer, director, employee, agent, successor or assign of the Trustee, each in its individual capacity, or
(iii) any holder of equity in the Trustee. 
 Each Holder of Notes by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for the issuance of the Notes. 
 (15)    Authentication. This
Note shall not be valid until authenticated by the manual or electronic signature of the Trustee or an authenticating agent. 

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

  
 7 

 (17)    CUSIP, ISIN Numbers. Pursuant to a recommendation
promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP, ISIN or other similar numbers in notices of redemption as a convenience to the
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 identification numbers placed thereon. 

(18)    Governing Law. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THE
SUPPLEMENTAL INDENTURE, THE NOTES AND THE GUARANTEES. EACH HOLDER OF A NOTE AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THE INDENTURE, THE SUPPLEMENTAL INDENTURE, THE NOTES, THE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

(19)     Notices. The Issuer shall furnish to any Holder upon written request and without charge a copy of the
Indentures. Requests may be made to: 
 If to the Issuer or any Guarantor: 

WestRock Company 
 1000 Abernathy
Road NE 
 Atlanta, Georgia 30328 

Facsimile: (770) 263-3582 

Attention: General Counsel 
 If
to the Trustee: 
 The Bank of New York Mellon Trust Company, N.A. 

500 Ross Street, 12th Floor 

Pittsburgh, PA 15262 

Attention: Corporate Trust Administration 

Facsimile: (412) 234-8377 

  
 8 

 ASSIGNMENT FORM 

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

 

                          
                       

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

 

                          
                       

                          
                       

                          
                       

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

and irrevocably appoint 
  

                          
                                         
                                         
         
 to transfer this Note on the books of the Issuer. The agent may substitute another to act for
him. 
 Date:                      

 

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

 Signature
guarantee:                              

(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program) 

  
 9 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Issuer pursuant to Section 2.9 (“Change of Control”) of the
Supplemental Indenture, check the box below: 
 [    ] Section 2.9 

If you want to elect to have only part of the Note purchased by the Issuer pursuant to Section 2.9 of the Supplemental Indenture, state
the amount you elect to have purchased: 

$                     

 

							
		 		 		 	Your
	Date:                     	 		 		 	Signature:                                    
                                         
                
		 		 		 	(Sign exactly as your name appears on the Note)
				
		 		 		 	Tax Identification Number:
				
		 		 		 	                    

 Signature
guarantee:                                       
   
 (Signature must be guaranteed by a participant in a recognized signature guarantee medallion program) 

  
 10 

 SCHEDULE A 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The original principal amount of this Global Note is [●] DOLLARS AND [●] CENTS ($[●]). The following exchanges of a part of
this Global Security for other 3.000% Senior Notes have been made: 
  

															
	 Date of

Exchange
	  	Amount of
Decrease in
Principal
Amount
of this Global
Security	 	  	Amount of
Increase in
Principal
Amount
of this Global
Security	 	  	Principal
Amount
of this Global
Security
Following Such
Decrease (or
Increase)	 	  	 Signature of

Authorized
 Signatory of

Trustee
 or Global

Security
 Custodian

		  				  				  				  	
		  				  				  				  	
		  				  				  				  	
		  				  				  				  	
		  				  				  				  	

  
 11

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