Document:

wtrh-ex101_6.htm

 

Exhibit 10.1

 

SEPARATION AGREEMENT

 

Effective this 11th day of September, 2019, Joseph Stough, a resident of the State of Louisiana (“you”), and Waitr Holdings Inc., a Delaware corporation (the “Company”), hereby enter into this Separation Agreement (this “Agreement”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings given to them in your offer letter with the Company dated November 15, 2018 (the “Offer Letter”).

WHEREAS, you presently serve as the President of the Company pursuant to your Offer Letter; and

WHEREAS, you have provided notice to the Company of your resignation from your employment as President of the Company, effective as of the Separation Date (defined below).

NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth in this Agreement, the sufficiency of which the parties acknowledge, it is agreed as follows: 

1. Termination of Employment. The last date of your employment with the Company is September 11, 2019 (the “Separation Date”).  Effective as of the Separation Date, all of your positions with the Company and its affiliates shall automatically terminate, including, without limitation, your position as President of the Company.  Other than as provided in Section 2, the Separation Date will be the termination date of your employment for purposes of active coverage and participation in all benefit plans and programs sponsored by the Company.  You will be paid all Accrued Amounts due to you through the Separation Date in accordance with the Offer Letter.

2. Severance Payments. Subject to and conditioned on your execution and non-revocation of this Agreement and the general release of claims (the “General Release”), in the form attached hereto as Exhibit A, on or before the expiration of the consideration period set forth in the General Release, the Company will provide you with the following (collectively, the “Separation Benefits”): 

 

a. From the Separation Date through the earlier of (i) March 11, 2020, and (ii) the consummation of a Change in Control (as defined in the Plan), you will continue to receive Base Salary installments at the rate in effect as of the Separation Date, less applicable deductions and withholdings, in accordance with the Company’s customary payroll practices and applicable wage payment laws. 

 

b. From the Separation Date until the earliest of: (i) March 11, 2020; (ii) the date you are no longer eligible to receive COBRA continuation coverage; and (iii) the date on which you receive substantially similar coverage from another employer or other source, the Company shall continue to provide medical coverage, and pay the employer expense, as was provided immediately prior to the Separation Date. Notwithstanding the foregoing, if the Company’s making payments under this Section 2(d) would violate the nondiscrimination rules applicable to non-grandfathered plans under the Affordable Care 

Act (the “ACA”), or result in the imposition of penalties under the ACA and the related regulations and guidance promulgated thereunder), the parties agree to reform this Section 2(d) in a manner as is necessary to comply with the ACA.

 

3. Revocation Period. You acknowledge and agree that your receipt of the Separation Benefits is subject to your execution and non-revocation of the General Release, and that this Agreement will be neither effective nor enforceable, nor will the Separation Benefits be paid hereunder, unless the applicable revocation period under the General Release expires without your revocation thereof.

 

4. Sole and Exclusive Benefits. This Agreement provides for the sole and exclusive benefits for which you are eligible as a result of your separation of service with the Company, except as otherwise required by law, and you shall not be eligible for any contractual benefits under any other agreement or arrangement providing for benefits upon a separation from service, including, but not limited to, the Offer Letter and any payments under any severance plan, policy or program of Employer. 

 

5. Governing Law. This Agreement will be construed and interpreted in accordance with the laws of the State of Louisiana, without regard to conflicts of laws principles.

 

6. Entire Agreement. This Agreement, together with the General Release, sets forth the entire agreement between you and the Company, and fully supersedes any and all prior agreements or understandings between them regarding its subject matter, including, without limitation, the Offer Letter; provided, however, that nothing in this Agreement is intended to or shall be construed to limit, impair or terminate any obligation you may have pursuant to any cooperation, non-competition, non-solicitation, confidentiality, intellectual property, non-disparagement or other restrictive covenant agreements that have been signed by you where such agreements by their terms continue after your employment with the Company ends, including, without limitation, Sections 6, 7, 8, and 9 (and the related enforcement provisions) set forth in the Offer Letter, which Sections shall continue in full force and effect in accordance with their terms.

 

7. Successors and Assigns. This Agreement shall be binding on the Company and you and upon its and your respective heirs, representatives, successors and assigns, and shall run to the benefit of the Company and its respective heirs, representatives, successors and assigns and you and your respective heirs, representatives, successors and assigns.

 

8. Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. An electronic (including PDF) or photocopy of this Agreement shall be as binding as the original, manually executed document.

 

[Signature Page to Follow]

2

 

COMPANY: 

 

WAITR HOLDINGS INC.

 

By: /s/ Damon Schramm

Name: Damon Schramm

Title: Chief Legal Officer

 

 

 

EXECUTIVE: 

 

/s/ Joseph Stough

Joseph Stough

 

Date:  September 11, 2019

 

3

 

 

Exhibit A

 

General Release

 

You, Joseph Stough, in consideration of and subject to the performance by Waitr Holdings Inc. (the “Company”) of its obligations under the Separation Agreement, dated as of September 11, 2019, by and between you and the Company (the “Agreement”), do hereby release and forever discharge as of the date hereof the Company and all of its parent, subsidiary, and affiliated companies (“Related Entities”) and all current or former employees, officers, directors, agents, shareholders, attorneys, accountants, partners, insurers, advisors, partnerships, assigns, successors-in-interest, joint venturers, and/or affiliated persons of the Company or of any of the Related Entities (“Related Persons”) to the extent provided below. Your employment with the Company will terminate, or has terminated, effective as of September 11, 2019 (the “Separation Date”).

 

1. You understand that any benefits paid or granted to you under Section 2 of the Agreement represents consideration for your signing this General Release. You understand and agree that you will not receive the benefits specified in Section 2 of the Agreement unless you execute and do not revoke this General Release within the time period permitted hereafter or breach this General Release.

 

2. You (on behalf of yourself and all of your heirs, assigns, legal representatives, successors-in-interest, or any person claiming through you) hereby release and discharge any claim, charge, complaint, demand, dispute, or liability of any kind that relates to or involves your employment (or termination) by the Company and/or your separation from the Company, except those claims that may arise from any breach of this Agreement by the Company. This release and discharge includes claims which you have had or now have against the Company or against any other business that is related to the Company, including, but not limited to the Related Entities or against any of the Related Persons. The claims being released by you include, but are not limited to, any and all claims for pay, benefits, damages, fees and costs, or any other relief that may be or could have been asserted in any legal or administrative proceeding under federal law, including, but not limited to, the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C.A. §§ 621 et seq., Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C.A. §§ 2000 et seq., 42 U.S.C.A. § 1981, the Americans With Disabilities Act, as amended, 42 U.S.C.A. App. §§ 12101 et seq., the Family and Medical Leave Act, 29 U.S.C.A. §§ 2611 et seq., the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C.A. App. §§ 1.001 et seq.; or under any state or local statute or regulation, Act or law similar to the federal laws; or any claim for tortious conduct, including, but not limited to, defamation or slander, infliction of emotional distress, negligence, interference with contract, or for breach of contract or equitable relief. In short, you knowingly and voluntarily release any and all claims you have had or may have against the Company, the Related Entities and the Related Persons, in accordance with the terms set forth herein. Notwithstanding the foregoing and/or for the avoidance of doubt, nothing in this General Release shall release or impair (i) your right to enforce the terms of the Agreement or this General Release, (ii) any rights you may have to receive benefits that have accrued and vested prior to the date of this General Release, (iii) any rights you may have to indemnification pursuant to the Company’s directors and officers liability insurance policy currently in effect, the Company’s bylaws, your Offer Letter, or applicable law, (iv) your rights as a shareholder in the Company, 

 

including without limitation by law or under any agreement governing the rights of shareholders; or (v) any rights that cannot be waived under applicable law. 

 

3. You and the Company acknowledge and agree that this General Release does not waive or release any rights or claims that you may have under the Age Discrimination in Employment Act of 1967 which arise after the date you execute this General Release.

 

4. You and the Company acknowledge and agree that this General Release does not release, waive, or discharge any right you may have to file an administrative charge with the Equal Employment Opportunity Commission (“EEOC”), National Labor Relations Board, or any other government agency charged with the enforcement of any law. Moreover, nothing in this General Release is intended to or shall interfere with your right to participate in a proceeding with any appropriate federal, state, or local agency enforcing discrimination laws, nor shall this General Release prohibit you from cooperating with any such agency in its investigation, provided that if any such agency or any third party obtains an award of damages from the Company on your behalf, you agree to turn over any such amounts to the Company. 

 

5. This Agreement will be construed and interpreted in accordance with the laws of the State of Louisiana, without regard to conflicts of laws principles.

 

6. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. An electronic (including PDF) or photocopy of this Agreement shall be as binding as the original, manually executed document.

 

7. Whenever possible, each provision of this General Release shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.

 

8. You understand that you have been given twenty-one (21) days from the receipt of this General Release to consider it, and that you may revoke this General Release within seven (7) calendar days of your execution thereof by delivery and receipt of a written notice of revocation to Damon Schramm, the Company’s General Counsel, by midnight on or before the seventh (7th) calendar day after you deliver an executed copy of this General Release. Provided that you execute and do not revoke this General Release, this General Release shall become effective on the eighth (8th) calendar day after the date on which you sign this General Release.

BY SIGNING THIS GENERAL RELEASE, YOU REPRESENT AND AGREE THAT:

	
 
	
(a)
	
YOU HAVE READ IT CAREFULLY;

	
 
	
(b)
	
YOU HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND YOU HAVE DONE SO OR, AFTER CAREFUL READING AND 

 

	
 
		
CONSIDERATION, YOU HAVE CHOSEN NOT TO DO SO OF YOUR OWN VOLITION;

	
 
	
(c)
	
YOU HAVE HAD AT LEAST TWENTY-ONE (21) DAYS FROM THE DATE OF YOUR RECEIPT OF THIS GENERAL RELEASE TO CONSIDER IT;

	
 
	
(d)
	
YOU UNDERSTAND THAT YOU HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS GENERAL RELEASE TO REVOKE IT; THAT THIS GENERAL RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; AND THAT REVOCATION CAN BE MADE BY DELIVERY AND RECEIPT OF WRITTEN NOTICE AS DESCRIBED ABOVE;

	
 
	
(e)
	
YOU HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY FOR GOOD AND VALUABLE CONSIDERATION AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE YOU WITH RESPECT TO IT; AND

	
 
	
(f)
	
YOU AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY YOU.

PLEASE READ THIS AGREEMENT CAREFULLY.

THIS GENERAL RELEASE INCLUDES A

RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

 

COMPANY: 

 

WAITR HOLDINGS INC.

 

By: /s/ Damon Schramm

Name: Damon Schramm

Title: Chief Legal Officer

 

 

 

EXECUTIVE: 

 

/s/ Joseph Stough

Joseph Stough

 

Date: September 11, 2019EX-4.2

 Exhibit 4.2 
  

 
 PERKINELMER, INC. 

$850,000,000 3.300% Senior Notes due 2029 

FIFTH SUPPLEMENTAL INDENTURE 

Dated as of September 12, 2019 

to 
 Indenture Dated as of
October 25, 2011 
 U.S. Bank National Association, as Trustee 

 
  

 This FIFTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as
of September 12, 2019, to the Indenture (the “Existing Indenture”) dated as of October 25, 2011, between PERKINELMER, INC., a Massachusetts corporation (the “Company”), and U.S. Bank National Association,
as trustee (the “Trustee”) (the Existing Indenture, as supplemented by this Fifth Supplemental Indenture, the “Indenture”). 

RECITALS 
 WHEREAS, the Company
and the Trustee have heretofore executed and delivered the Existing Indenture to provide for the issuance of the Company’s senior debt securities in one or more series; 

WHEREAS, Sections 2.01, 2.03 and 8.01 of the Existing Indenture provide, among other things, that the Company and the Trustee may,
without the consent of holders of the Notes (as defined herein) (“Holders”), enter into indentures supplemental to the Existing Indenture to provide for specific terms applicable to any series of notes; 

WHEREAS, the Company desires to provide for the issuance of a new series of debt securities to be designated as the “3.300% Senior Notes
due 2029” (the “Notes”), and to set forth the terms that will be applicable thereto and the forms thereof; and 

WHEREAS, all action on the part of the Company necessary to make this Supplemental Indenture a valid agreement of the Company and to authorize
the issuance of the Notes under the Existing Indenture (as supplemented hereby) has been duly taken; 
 NOW, THEREFORE, in consideration of
the premises and for other good and valuable consideration, the sufficiency and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 
 APPLICATION
OF SUPPLEMENTAL INDENTURE 
 AND CREATION OF NOTES 

Section 1.01 Application of this Supplemental Indenture. 

Notwithstanding any other provision of this Supplemental Indenture, the provisions of this Supplemental Indenture, including the covenants set
forth herein, are expressly and solely for the benefit of the Notes. 
 Section 1.02 Effect of Supplemental Indenture.

 With respect to the Notes only, the Existing Indenture shall be supplemented pursuant to Sections 2.01, 2.04 and 8.01 thereof to
establish the terms of the Notes as set forth in this Supplemental Indenture, including as follows: 
  

	 	(a)	 the definitions set forth in Article 1 of the Existing Indenture shall be modified to the extent provided in
Article II of this Supplemental Indenture; 

	 	(b)	 the forms and terms of the securities representing the Notes required to be established pursuant to Sections
2.01 and 2.03 of the Existing Indenture shall be established in accordance with Sections 1.03, 1.04, 1.05, 1.06, 1.07, 1.08, 1.09 and 1.10 and Article III of this Supplemental Indenture; 

 

	 	(c)	 the provisions of Article 3 and Article 9 of the Existing Indenture regarding certain covenants of the Company
shall be supplemented and amended by the provisions of Article IV of this Supplemental Indenture; and 

  

	 	(d)	 the provisions of Article 5 of the Existing Indenture regarding certain Events of Default shall be amended by
the provisions of Article V of this Supplemental Indenture. 

 Section 1.03 Designation and Amount of Notes.

 The Notes shall be known and designated as the “3.300% Senior Notes due 2029.” The initial maximum aggregate principal amount
of the Notes that may be authenticated and delivered under this Supplemental Indenture shall not exceed $850,000,000 except for Notes authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of, Notes pursuant to
Sections 2.08, 2.09, 2.11, 8.05, 12.02 or 12.03 of the Existing Indenture (unless the issue of this series of Notes is “reopened” by issuing additional Notes of such series (the “Additional Notes”), which Additional
Notes shall constitute Notes for all purposes herein), in an amount or amounts and registered in the names of such Persons as shall be set forth in any written order of the Company for the authentication and delivery of the Notes pursuant to
Section 2.04 of the Existing Indenture. Any Additional Notes, together with the Notes offered hereby, will constitute a single series of securities under the Existing Indenture and this Supplemental Indenture; provided that if the Additional
Notes are not fungible with the Notes offered hereby for U.S. federal income tax purposes, the Additional Notes will have a separate CUSIP, ISIN, Common Code or other identifying number. 

Section 1.04 Terms; Form of Security. 

The Notes shall constitute one series for purposes of the Existing Indenture and this Supplemental Indenture, including, without limitation,
waivers, amendments, redemptions and offers to purchase. The Company shall issue any Additional Notes by adopting a Board Resolution, or, to the extent established pursuant to (rather than set forth in) a Board Resolution, in an Officer’s
Certificate detailing such establishment and/or established in one or more indentures supplemental hereto, in the manner set forth in Section 2.03 of the Existing Indenture providing for the terms of such issuance. The Notes will be initially
issued in the form of one or more global notes (the “Global Securities”) in fully registered form, without coupons, in minimum denominations of $2,000 principal amount or any whole integral multiples of $1,000 above that amount, and
shall be in substantially the form of Exhibit A hereto. The Notes are not issuable in bearer form. The terms and provisions contained in the form of Note shall constitute, and are hereby expressly made, a part of this Supplemental Indenture and
the Company, by its execution and delivery of this Supplemental Indenture, expressly agrees to such terms and 

  
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provisions and to be bound thereto. Any of the Notes may have such letters, numbers or other marks of identification and such notations, legends and endorsements as the officers executing the
same may approve (execution thereof to be conclusive evidence of such approval) and are not inconsistent with the provisions of the Indenture (and which do not affect the rights, duties or immunities of the Trustee), or as may be required to comply
with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be listed. 

Section 1.05 Payment of Principal and Interest. 

(a) The Notes shall mature, and the principal of the Notes shall be due and payable in Dollars to the Holders thereof, together with all
accrued and unpaid interest thereon, on September 15, 2029. 
 (b) The Notes shall bear interest at a rate of 3.300% per annum from and
including September 12, 2019, or from and including the most recent Interest Payment Date on which interest has been paid or provided for until the principal thereof becomes due and payable, and on any overdue principal and (to the extent that
payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. Interest on the Notes shall be payable semi-annually in arrears in Dollars on March 15 and September 15 of each year, commencing on March 15, 2020 (each such date, an “Interest
Payment Date” for the purposes of the Notes under this Supplemental Indenture). Payments of interest shall be made to the Person in whose name a Note (or one or more predecessor Notes) is registered (which shall initially be the Depositary)
at the close of business on the March 1 and September 1, respectively, immediately preceding such Interest Payment Date (each such date, a “Regular Record Date” for the purposes of the Notes under this Supplemental
Indenture). 
 If an Interest Payment Date, the maturity date or an earlier date of redemption with respect to the Notes falls on a day that
is not a Business Day, the required payment and any related payment of principal, premium and additional amounts, if any, shall be made on the next Business Day as if it were made on the date the payment was due, and no interest shall accrue on the
amount so payable for the period from and after that Interest Payment Date, the maturity date or that date of redemption, as the case may be. 

In the event that any such interest is not punctually paid or duly provided for, such interest shall forthwith cease to be payable to the
Holder on such Regular Record Date and either may be paid to the Person in whose name the Note (or one or more predecessor Notes) 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 whereof shall be given to the Holders not less than ten days prior to such special record date, or may be paid at any time in any other lawful manner, all as more fully provided in the Existing Indenture. 

(c) For so long as the Notes are represented in global form by one or more Global Securities, the Company shall, through the Paying Agent,
make all payments of principal and interest by wire transfer of immediately available funds in Dollars to the Depositary or its nominee, as the case may be, as the registered owner of the Global Security representing such

  
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Notes. In the event that definitive Notes shall have been issued, all payments of principal and interest shall be made by wire transfer of immediately available funds to the accounts of the
registered Holders thereof; provided, however, that the Company may elect to make such payments at the office of the Paying Agent at Global Corporate Trust, One Federal Street, 3rd Floor, Boston, Massachusetts 02110, Attention: Karen R.
Leyden-Beard, Ref: PerkinElmer 3.300% Notes due 2029 and provided further, that the Company may at its option pay interest by check to the registered address of each Holder. 

(d) The Notes are subject to redemption by the Company in whole or in part in the manner described herein. 

Section 1.06 Ranking. 

The Notes shall be general unsecured senior obligations of the Company. The Notes shall rank pari passu in right of payment with all
existing and future unsecured and unsubordinated indebtedness of the Company and senior to any future subordinated debt from time to time outstanding. 

Section 1.07 Security Registrar and Paying Agent; Depositary. 

The Company hereby initially appoints the Trustee as Security Registrar and Paying Agent for the Notes. The Company may change the Security
Registrar and Paying Agent without prior notice to the Holders, and the Company or any of its Subsidiaries may act as Security Registrar or Paying Agent. The Depositary shall initially be DTC and any and all successors thereto appointed as
Depositary by the Company. 
 Section 1.08 Sinking Fund. 

The Notes are not subject to any sinking fund. 

Section 1.09 Defeasance and Covenant Defeasance. 

The provisions of Section 10.01 of the Existing Indenture shall be applicable to the Notes and, with respect to covenant defeasance, in
addition to Sections 4.02, 9.01, and 3.05 of the Existing Indenture, the Company will also be released of its obligations under Article IV of this Supplemental Indenture upon satisfaction of the conditions described in Section 10.01(d) of
the Existing Indenture relating to covenant defeasance; provided that the Opinion of Counsel provisions in Section 10.01(d)(iv) and (v) shall be amended such that the term “holders” shall replace the term “Holders.”

 Section 1.10 Other Terms. 

The Notes shall not be convertible into, or exchangeable for, any other securities of the Company, except that the Notes shall be exchangeable
for other Notes to the extent provided for in the Existing Indenture. The Notes are not Original Issue Discount Securities. The Company is not obligated to pay any additional amounts in respect of any tax, assessment or governmental charge withheld
or deducted except as set forth in Sections 2.08, 2.09 and 9.01 of the Existing Indenture. 

  
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 ARTICLE II 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 2.01 Definitions. 

(a) All capitalized terms used herein and not otherwise defined below shall have the meanings ascribed thereto in the Existing Indenture. 

(b) The following are definitions used in this Supplemental Indenture and to the extent that a term is defined both herein and in the Existing
Indenture, the definition in this Supplemental Indenture shall govern with respect to the Notes. 
 “Attributable Debt”
means, with respect to any Sale and Leaseback Transaction, as of any particular time, the present value discounted at the rate of interest implicit in the terms of the lease (as determined in good faith by the Company) of the obligations of the
lessee under such lease for net rental payments during the remaining term of the lease (without regard to any renewal or extension options contained in the lease). 

“Below Investment Grade Rating Event” means the Notes are downgraded below Investment Grade by two or more Rating Agencies on
any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which
period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by at least two of the Rating Agencies). 

“Business Day” means any day, other than a Saturday or Sunday, which is not a day on which banking institutions in The City
of New York are authorized or required by law, regulation or executive order to close. 
 “Change of Control” means the
occurrence of any of the following: 
 (1) the direct or indirect sale, transfer, conveyance or other disposition (other than
by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the Company’s properties or assets and those of the Company’s Subsidiaries taken as a whole to any “person” or
“group” (as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) other than the Company or one of the Company’s direct or indirect wholly owned
Subsidiaries; 
 (2) the consummation by the Company of a consolidation with, or merger with or into, any person or entity,
or the consummation by any person or entity of a consolidation with, or merger with or into, the Company, in any such event pursuant to a transaction in which any of the Company’s outstanding Voting Stock is reclassified into or exchanged for
cash, securities or other property, other than any such transaction where 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 entity or any direct or indirect parent company of the surviving person or entity immediately after giving effect to such transaction; 

  
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 (3) the adoption of a plan relating to the Company’s liquidation or
dissolution; or 
 (4) the consummation of any transaction or series of related transactions (including, without
limitation, any merger or consolidation) the result of which is that any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly owned Subsidiaries,
becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting Stock, measured by voting power rather than number of shares; provided that a merger shall not
constitute a “change of control” under this definition if (i) the sole purpose of the merger is the Company’s reincorporation in another state and (ii) the Company’s shareholders and the number of shares of the
Company’s Voting Stock, measured by voting power and number of shares, owned by each of them immediately before and immediately following such merger are identical. 

Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control if (1) the Company becomes
a direct or indirect wholly owned subsidiary of a holding company (which shall include a parent company) and (2)(A) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially
the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction there is no circumstance requiring the filing of any report under or in response to Schedule 13D
or 14D-1 pursuant to the Exchange Act disclosing beneficial ownership of more than 50% of the voting power of the Voting Stock of such holding company then outstanding. 

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating
Event. 
 “Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having
an actual or interpolated maturity comparable to the remaining term (as measured from the date of redemption) of the Notes to be redeemed, assuming that such Notes matured on June 15, 2029, 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 such Notes. 

“Comparable Treasury Price” means, with respect to any Redemption Date, (i) the arithmetic average of four Reference
Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Company obtains fewer than four such Reference Treasury Dealer Quotations, the arithmetic
average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation. 

  
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 “Consolidated Net Tangible Assets” means, as determined at any time, the
aggregate amount of assets (less applicable reserves and other properly deductible items) after deducting (i) all current liabilities (excluding the current maturities of long-term Indebtedness) and (ii) the total of the net book values of
all assets properly classified as intangible assets, all as set forth on the consolidated balance sheet for the most-recently ended fiscal quarter of the Person for which such determination is being made and computed in accordance with U.S.
generally accepted accounting principles. 
 “DTC” means The Depository Trust Company. 

“Fitch” means Fitch Ratings Ltd. 

“Funded Debt” means all Indebtedness for money borrowed which by its terms matures more than 12 months after the time of the
computation of this amount or which is extendible or renewable at the option of the obligor on this Indebtedness to a time more than 12 months after the time of the computation of this amount or which is classified, in accordance with U.S. generally
accepted accounting principles, as long-term debt on the consolidated balance sheet for the most-recently ended fiscal quarter (or if incurred subsequent to the date of such balance sheet, would have been so classified) of the Person for which the
determination is being made. 
 “Indebtedness” means (without duplication): 

(1) any liability of any Person for borrowed money, or evidenced by a bond, note, debenture, or similar instrument (including purchase money
obligations, but excluding Trade Payables), or for the payment of money related to a lease that is required to be accounted for as a finance lease in accordance with U.S. generally accepted accounting principles as in effect on the date of the
issuance of the Notes; and 
 (2) any of the foregoing liabilities of another that a Person has guaranteed, that is recourse to such Person,
or that is otherwise its legal liability. 
 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its
equivalent under any successor rating categories of Moody’s), a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) and a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch) or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the
Company. 
 “Lien” means, with respect to any property or asset, any mortgage or deed of trust, pledge,
hypothecation, assignment, security interest, lien, encumbrance or other security arrangement of any kind or nature whatsoever on or with respect to such property or assets (including any conditional sale or other title retention agreement having
substantially the same economic effect as any of the foregoing). 
 “Moody’s” means Moody’s Investors Service
Inc. 

  
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 “Principal Property” means any single parcel of real property or any
permanent improvement thereon owned by the Company or any of its Subsidiaries located in the United States including, without limitation, any manufacturing facility or plant or any portion thereof, and any fixture or equipment located at or
comprising a part of any such property, having a net book value, as of the date of determination, in excess of the greater of (i) $50 million and (ii) 1% of the most recently calculated Consolidated Net Tangible Assets of the Company. Principal
Property does not include any property that the Company’s board of directors has determined not to be of material importance to the business conducted by the Company and its Subsidiaries, taken as a whole. 

“Quotation Agent” means any Reference Treasury Dealer appointed by the Company. 

“Rating Agency” means (1) each of Moody’s, S&P and Fitch; and (2) if any of Moody’s, S&P or Fitch
ceases to rate the Notes or fails to make a rating of the Notes publicly available, a “nationally recognized statistical rating organization” as defined in Section 3(a)(62) of the Exchange Act, selected by the Company as a replacement
agency for Moody’s, S&P or Fitch, as the case may be. 
 “Reference Treasury Dealer” means (i) each of J.P.
Morgan Securities LLC and BofA Securities, Inc. (or their respective affiliates that are Primary Treasury Dealers) and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government
securities dealer in New York City (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer, and (ii) at least four other Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
arithmetic 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 such Reference Treasury Dealer at
5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 “S&P” means
Standard & Poor’s Ratings Services, a division of S&P Global Inc. 
 “Sale and Leaseback Transaction” of
any Person means an arrangement with any lender or investor or to which such lender or investor is a party providing for the leasing by such Person of any Principal Property that, more than 12 months after the later of (i) the completion of the
acquisition, construction, development or improvement of such Principal Property or (ii) the placing in operation of such Principal Property or of such Principal Property as so constructed, developed or improved, has been or is being sold,
conveyed, transferred or otherwise disposed of by such Person to such lender or investor or to any Person to whom funds have been or are to be advanced by such lender on the security of such Principal Property. 

“Subsidiary” means any corporation, partnership or other entity of which at the time of determination the Company, or
the Company and one or more of its Subsidiaries, or any one or more of the Company’s Subsidiaries, directly or indirectly, own capital stock or equivalent interests having more than 50% of the total voting power of the capital stock or
equivalent interests then outstanding and normally entitled to vote in the election of directors, managers or trustees thereof. 

  
 - 8 - 

 “Trade Payables” means accounts payable or any other indebtedness or
monetary obligations to trade creditors created or assumed in the ordinary course of business in connection with the obtaining of materials, finished products, inventory or services. 

“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. 

“Voting Stock” means, with respect to any person, capital stock of any class or kind the holders of which are ordinarily, in
the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency. 

Section 2.02 Other Definitions. 
  

			
	 Term
	  	Defined in Section
	“Additional Notes”	  	1.03
		
	“Company”	  	Introduction
		
	“Event of Default”	  	5.01
		
	“Existing Indenture”	  	Introduction
		
	“Global Securities”	  	1.04
		
	“Holders”	  	Recitals
		
	“Indenture”	  	Introduction
		
	“Interest Payment Date”	  	1.05(b)
		
	“Notes”	  	Recitals
		
	“Redemption Date”	  	3.01(a)(ii)
		
	“Regular Record Date”	  	1.05(b)
		
	“Supplemental Indenture”	  	Introduction
		
	“Trustee”	  	Introduction

  
 - 9 - 

 ARTICLE III 

REDEMPTION 

Section 3.01 Optional Redemption. 

(a) Prior to June 15, 2029 (three months prior to the maturity date of the Notes), the Notes will be redeemable, in whole at any time or
in part from time to time, at the Company’s option at a redemption price equal to the greater of: 
 (i) 100% of the
principal amount of the Notes to be redeemed; and 
 (ii) the sum of the present values of the remaining scheduled payments
of principal and interest thereon (not including any portion of such payments of interest accrued but unpaid as of the date of redemption (the “Redemption Date”)), assuming that such Notes matured on June 15, 2029 (three months
prior to the maturity date of the Notes) 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 25 basis points; 
 as calculated by the Company, and certified in an Officer’s Certificate delivered to the Trustee two Business
Days prior to the Redemption Date, plus, in each case, accrued and unpaid interest thereon, if any, to, but excluding, the Redemption Date. 

At any time on or after June 15, 2029 (three months prior to the maturity date of the Notes), the Notes may be redeemed in whole or in
part, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Notes due to be redeemed plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. 

Notwithstanding the foregoing, installments of interest on Notes that are due and payable on Interest Payment Dates falling on or prior to a
Redemption Date will be payable on the Interest Payment Date to the registered Holders as of the close of business on the relevant Regular Record Date according to the Notes and the Indenture. In the event that the Notes or a portion thereof are
called for redemption or there is a Change of Control Repurchase Event, and the Redemption Date or the Change of Control Repurchase Event payment date, as applicable, is subsequent to a Regular Record Date with respect to any Interest Payment Date
and prior to such Interest Payment Date, interest on such Notes will instead be paid upon presentation and surrender of such Notes as provided herein. 

(b) Notice of any redemption will be mailed at least 15 days but not more than 60 days before the Redemption Date to each Holder of
the Notes to be redeemed by the Company or by the Trustee on the Company’s behalf; provided that notice of redemption may be mailed more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance
of the Notes or a satisfaction and discharge of the Notes. Unless the Company defaults in payment of the applicable redemption price, on and after the Redemption Date, interest will cease to accrue on the Notes or portions thereof called for
redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee in accordance with applicable depositary procedures or, in the case of Notes that are not represented by a Global Security, by
such method that the Trustee deems to be fair and appropriate. 

  
 - 10 - 

 ARTICLE IV 

ADDITIONAL COVENANTS 

Section 4.01 Change of Control Repurchase Event. 

(a) If a Change of Control Repurchase Event occurs, unless the Company has exercised its right to redeem the Notes, or has defeased or
satisfied and discharged the Notes, the Company will make an offer to each Holder of Notes to repurchase all or any part (in minimum denominations of $2,000 and thereafter in integral multiples of $1,000) of that Holder’s Notes at a
repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to but excluding the date of purchase. Within 30 days following any Change of Control
Repurchase Event or, at the Company’s option, prior to any Change of Control, but after the public announcement of an impending Change of Control, the Company will mail a notice to each Holder, with a copy to the Trustee, describing the
transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 30 days and no later than
60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior
to the payment date specified in the notice. 
 (b) The Company will comply with the requirements of
Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a
result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Company will comply with the applicable
securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict. 

(c) On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful: 

(i) accept for payment all Notes or portions of Notes (in minimum denominations of $2,000 and thereafter in integral multiples
of $1,000) properly tendered pursuant to the Company’s offer; 
 (ii) deposit with the Paying Agent an amount equal to
the aggregate purchase price in respect of all Notes or portions of Notes properly tendered; and 
 (iii) deliver or cause to
be delivered to the Trustee the Notes properly accepted, together with an Officer’s Certificate stating the aggregate principal amount of Notes being purchased by the Company. 

  
 - 11 - 

 (d) The Paying Agent will promptly mail to each Holder of Notes properly tendered the
purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes surrendered; provided, that each
new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 above that amount. 
 (e) The Company will not be
required to make an offer to repurchase the Notes upon a Change of Control Repurchase 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 such
third party purchases all Notes properly tendered and not withdrawn under its offer. 
 Section 4.02 Limitation on Liens. 

(a) Neither the Company nor any of its Subsidiaries will create or suffer to exist any Lien upon Principal Property of the Company or of any
of the Company’s Subsidiaries or upon any shares of capital stock (or other equity interests) of any Subsidiary that owns Principal Property to secure any Indebtedness incurred, issued, assumed or guaranteed by the Company or any of its
Subsidiaries after the date of the Indenture, unless the Company secures, or causes such Subsidiary to secure, all payments due under the Notes and all senior debt securities of any series having the benefit of this covenant (together with, if the
Company shall so determine, any other Indebtedness of the Company or of any of its Subsidiaries then existing or thereafter created ranking equally with the Notes) equally and ratably with such secured Indebtedness, in each case for as long as such
other Indebtedness shall be so secured. This restriction will not apply in the case of: 
 (i) Liens on the property or on
the outstanding capital stock (or other equity interests) of any Person existing at the time such Person becomes a Subsidiary or at the time such person is merged into, consolidated with or acquired by the Company or a Subsidiary of the Company, but
not created in contemplation of such Person’s becoming a Subsidiary or being acquired by the Company or a Subsidiary of the Company; 

(ii) Liens existing at the time of acquisition of the property affected by such Lien, or Liens incurred to secure payment of
all or part of the purchase price of such property or to secure Indebtedness incurred prior to, at the time of, or within 180 days after, the acquisition of such property for the purpose of financing all or part of the purchase price of such
property (provided such Liens are limited to such property and improvements to such property); 
 (iii) Liens to secure all
or part of the cost of acquisition, construction, development or improvement of the underlying property, or to secure Indebtedness incurred to provide funds for any such purpose (including purchase money security interests or purchase money
mortgages on real or personal property), provided that the commitment of the creditor to extend the credit secured by any such Lien shall have been obtained not later than 12 months after the later of (a) the completion of the acquisition,
construction, development or improvement of such property or (b) the placing in operation of such property or of such property as so constructed, developed or improved, and Liens to the extent that they secure Indebtedness in excess of such
cost and for the payment of which recourse may only be had against such property; 

  
 - 12 - 

 (iv) Liens which secure only Indebtedness owing by a Subsidiary of the
Company to the Company or to a Subsidiary of the Company; 
 (v) Liens required by any contract or statute in order to permit
the Company or a Subsidiary of the Company to perform any contract or subcontract made by it with or at the request of the United States of America or any state, or any department, agency, instrumentality or political subdivision of any of the
foregoing or the District of Columbia; 
 (vi) Liens, if any, in existence on the date the Indenture is executed; 

(vii) Liens created, incurred or assumed in connection with the issuance of revenue bonds the interest on which is exempt from
federal taxation pursuant to Section 103(b) of the Internal Revenue Code or in connection with an industrial revenue bond, pollution control bond or similar financing between the Company or any Subsidiary of the Company and any federal, state
or municipal government or any other governmental body or quasi-governmental agency; 
 (viii) Liens on any property created,
assumed or otherwise brought into existence in contemplation of the sale or other disposition of the underlying property, whether directly or indirectly, by way of share disposition or otherwise, provided that the Company or its Subsidiaries must
have disposed of such property within 180 days after the creation of such Liens and that any Indebtedness secured by such Liens shall be without recourse to the Company or any Subsidiary of the Company; and 

(ix) Any extensions, renewals, replacements or refundings (or successive extensions, renewals, replacements or refundings) of
Liens referred to in the foregoing clauses, provided that such Liens do not cover any property or assets other than the property or assets subject to the Lien being extended, renewed, replaced or refunded and the principal amount of the secured
Indebtedness does not exceed the principal amount of the secured Indebtedness being extended, renewed, replaced or refunded plus the amount of any accrued interest, prepayment premiums and the costs associated with such extension, renewal,
replacement or refunding (except that, where an additional amount of Indebtedness is incurred to provide funds for the completion of a specific project, the additional principal amount, and any related financing costs, may be secured by the Lien as
well). 
 Notwithstanding the foregoing, the Company and any of its Subsidiaries may create or suffer to exist Liens which would otherwise
be prohibited by the provisions of this Section 4.02 securing Indebtedness incurred, issued, assumed or guaranteed by the Company or any of its Subsidiaries in aggregate outstanding amount which, together with all Attributable Debt of the

  
 - 13 - 

 
Company and any of its Subsidiaries then outstanding in respect of Sale and Leaseback Transactions involving Principal Properties (other than Sale and Leaseback Transactions that are permitted
under Section 4.03(a)(i) – (iii) below) and all outstanding Indebtedness secured by Liens previously permitted solely by this paragraph, would not exceed the greater of (i) $200 million and (ii) 15% of the Company’s Consolidated
Net Tangible Assets as of the granting or creation of such Lien. 
 Section 4.03 Limitation on Sale and Leaseback Transactions.

 (a) Neither the Company nor any of the Company’s Subsidiaries may enter into any Sale and Leaseback Transaction involving Principal
Property, whereby such property has been or is to be sold or transferred by the Company or any Subsidiary of the Company, unless: 

(i) such Sale and Leaseback Transaction (i) involves the taking back of a lease for a period of three years or less or
(ii) is between the Company and a Subsidiary of the Company or between Subsidiaries of the Company; 
 (ii) the Company
or any of the Company’s Subsidiaries would be entitled to issue, assume or guarantee Indebtedness in an amount equal to the Attributable Debt with respect to such Sale and Leaseback Transaction secured by a Lien on such Principal Property under
one of the exceptions for Liens set forth in Section 4.02(a)(i) – (ix) above without equally and ratably securing the Notes; 

(iii) the Company applies to the retirement or prepayment of its Funded Debt, or to the acquisition, development or improvement
of real property, plant and equipment an amount equal to the net cash proceeds from the sale of the Principal Property so leased within 180 days of the effective date of any such Sale and Leaseback Transaction, provided that the amount to be applied
to the retirement or prepayment of its Funded Debt shall be reduced by the principal amount of any Notes delivered by the Company to the Trustee within 180 days after such Sale and Leaseback Transaction for retirement and cancellation; or 

(iv) after giving effect thereto, the sum of (A) the then outstanding principal amount of Indebtedness secured by all
Liens on Principal Properties incurred after the date of the Indenture that are not otherwise permitted by Section 4.02(a)(i) – (ix) above and (B) the Attributable Debt then outstanding with respect to all Sale and Leaseback
Transactions entered into after the date of the Indenture and otherwise prohibited in accordance with this Section 4.03 (after giving effect to all applications, retirements, prepayments and cancellations referenced in
Section 4.03(a)(iii)) does not exceed the greater of (i) $200 million and (ii) 15% of the Consolidated Net Tangible Assets. 

  
 - 14 - 

 ARTICLE V 

EVENTS OF DEFAULT 

Section 5.01 Event of Default Defined; Acceleration of Maturity; Waiver of Default. 

“Event of Default”, with respect to the Notes wherever used herein, means each one of the following events which shall have
occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body): 
 (a) default in the payment of any installment of interest upon any of the Notes as and when
the same shall become due and payable, and continuance of such default for a period of 30 days; or 
 (b) default in the payment of all or
any part of the principal or any premium on any of the Notes as and when the same shall become due and payable either at maturity, upon redemption, by declaration or otherwise, and the continuance of such default; or 

(c) default in the performance, or breach, of any covenant or warranty of the Company in respect of the Notes (other than a default specified
in clauses (a) or (b) above) and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at
least 25% in principal amount of the Notes, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; 

(d) (1) a default by the Company or any of its Subsidiaries in the payment of any principal at maturity of any Indebtedness (other than the
Notes) aggregating more than $50,000,000 in principal amount, when due and payable after giving effect to any applicable grace period; or (2) a default by the Company or any of its Subsidiaries in the performance of any other term or provision
of any Indebtedness (other than the Notes) aggregating more than $50,000,000 in principal amount that results in such Indebtedness becoming or being declared due and payable prior to the date on which it would otherwise become due and payable, and
such acceleration shall not have been rescinded or annulled or such indebtedness shall not have been discharged within a period of 30 days after there has been given to the Company by the Trustee or given to the Company and the Trustee by the
Holders of at least 25% in aggregate principal amount of the outstanding Notes, a written notice specifying such default or defaults; provided, however, that if the default under such Indebtedness is cured, or waived by the holders of the
Indebtedness, in each case as permitted by the governing instrument, then the event of default caused by such default will be deemed likewise to be cured or waived; or 

(e) a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company in an involuntary case
under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or for all or substantially all of
its property and assets or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(f) the Company shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect,
or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment of or taking possession by a receiver, liquidator, custodian, trustee or sequestrator (or similar official) of the Company or for
any substantial part of its property and assets, or make any general assignment for the benefit of creditors. 

  
 - 15 - 

 If an Event of Default described in clauses (a), (b), (c) or (d) occurs and is
continuing, then, and in each and every such case, unless the principal of all of the Notes shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes then outstanding
hereunder, by notice in writing to the Company (and also to the Trustee if given by Holders), may declare the entire principal of all of the Notes and the interest accrued thereon, if any, to be due and payable immediately, and upon any such
declaration the same shall become immediately due and payable. If an Event of Default described in clauses (e) or (f) occurs and is continuing, then and in each and every such case, the entire principal of all the Notes then outstanding and
interest accrued thereon, if any, shall become immediately due and payable. 
 The foregoing provisions, however, are subject to the
condition that if, at any time after the principal of the Notes shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Company
shall pay or shall deposit with the Trustee a sum sufficient to pay all matured installments of interest upon all the Notes and the principal of any and all Notes which shall have become due otherwise than by acceleration (with interest upon such
principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest, at the same rate as the rate of interest specified in the Notes to the date of such payment or deposit) and such
amount as shall be sufficient to cover reasonable compensation of the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee except as a result of negligence or bad faith,
and if any and all Events of Default under the Indenture, other than the non-payment of the principal of Notes which shall have become due by acceleration, shall have been cured, waived or otherwise remedied
as provided herein, then and in every such case the Holders of a majority in aggregate principal amount of all the Notes then outstanding, by written notice to the Company and to the Trustee, may waive all defaults with respect to all the Notes and
rescind and annul such declaration and its consequences, but no such waiver or rescission and annulment shall extend to or shall affect any subsequent default or shall impair any right consequent thereon. 

ARTICLE VI 

MISCELLANEOUS 

Section 6.01 Trust Indenture Act Controls. 

If any provision of this Supplemental Indenture limits, qualifies or conflicts with another provision that is required or deemed to be
included in this Supplemental Indenture by the Trust Indenture Act, the required or deemed to be included provision shall control. 

  
 - 16 - 

 Section 6.02 Notices. 

Any notice or communication shall be in writing and delivered in person or mailed by first-class mail or sent by facsimile (with a hard copy
delivered in person or by mail promptly thereafter) and addressed as follows: 
 if to the Company: 

PerkinElmer, Inc. 

940 Winter Street 

Waltham, MA 02451 

Attention: General Counsel 

Facsimile: (781) 663-5970 

with a copy to: 

Wilmer Cutler Pickering Hale and Dorr LLP 

1875 Pennsylvania Avenue NW 

Washington, DC 20006 

Attention: Erika L. Robinson 

Facsimile: (202) 663-6363 

if to the Trustee: 

U.S. Bank National Association 

Corporate Trust Services 

One Federal Street, 3rd Floor 

Boston, MA 02110 

Attention: Karen R. Leyden-Beard, Vice President 

Facsimile: (617) 603-6667 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications. Notwithstanding
any other provision of this Supplemental Indenture or the Notes, where the Supplemental Indenture or the Notes provides for notice of any event or any other communication (including any notice of redemption or repurchase) to Holders (whether by mail
or otherwise) and all Notes outstanding are represented in global form by one or more Global Securities held by DTC or its designee, such notice shall be sufficiently given if given to DTC (or its designee) pursuant to the applicable procedures of
DTC or its designee, including by electronic mail in accordance with accepted practices of DTC. 
 Section 6.03 Governing Law.

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

  
 - 17 - 

 Section 6.04 No Personal Liability of Directors, etc. 

Without limiting the provisions of Section 11.01 of the Existing Indenture, none of the directors, officers, incorporators or
stockholders, as such, past, present or future, of the Company or any successor corporation or trust shall have any liability for any of the Company’s obligations under the Notes, the Indenture, or for any claim based on, in respect of, or by
reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

Section 6.05 Successors. 

All agreements of the Company in the Indenture and the Notes shall bind its successors. All agreements of the Trustee in the Indenture shall
bind its successors. 
 Section 6.06 Multiple 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. One signed copy is enough to prove this Supplemental Indenture. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or electronic format (e.g., “.pdf” or “.tif”)
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. 

Section 6.07 Table of Contents; Headings. 

The table of contents and headings of the Articles and Sections of this Supplemental Indenture have been inserted for convenience of reference
only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

Section 6.08 Not Responsible for Recitals or Issuance of Notes. 

The recitals contained herein and in the Notes, except the Trustee’s certificates of authentication, shall be taken as the statements of
the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture or of the Notes. The Trustee shall not be accountable for the
Company’s use of the proceeds from the Notes or for monies paid over to the Company pursuant to this Supplemental Indenture. 

Section 6.09 Adoption, Ratification and Confirmation.  

The Existing Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed.

  
 - 18 - 

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

					
	PERKINELMER, INC.
		
	By:	 	/s/ James M. Mock
		 	Name: James M. Mock
		 	Title: Senior Vice President and Chief Financial Officer
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	/s/ Carolina D. Altomare
		 	Name: Carolina D. Altomare
		 	Title: Vice President

 EXHIBIT A 

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 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. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED FORM IN ACCORDANCE WITH
THE INDENTURE (AS DEFINED BELOW), THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY
OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 CUSIP: 714046AG4 

ISIN: US714046AG46 
 ISSUE DATE: September 12, 2019 

PERKINELMER, INC. 
 3.300% SENIOR
NOTES DUE 2029 
  

			
	$[_____________]	  	No.: R-[    ]

 PerkinElmer, Inc., a Massachusetts corporation (herein called the “Company”), for value
received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of [__________________] ($[__________]) or such other principal amount as shall be set forth on Schedule I hereto on September 15, 2029 and to pay
interest thereon at the rate of 3.300% per annum from and including September 12, 2019 or from and including the most recent interest payment date to which interest has been paid or duly provided for, on March 15 and September 15 of
each year, commencing March 15, 2020 (each an “Interest Payment Date”), until the principal hereof is paid or made available for payment. 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, except as provided in the Indenture
dated as of October 25, 2011, by and between the Company and U.S. Bank National Association (the “Trustee”), as Trustee (the “Existing Indenture”), as supplemented by the Fifth Supplemental Indenture, dated as
of September 12, 2019, by and between the Company and the Trustee (the Existing Indenture, as supplemented by such Fifth Supplemental Indenture, the “Indenture”), be paid to the Person in whose name this Note (or one or more
predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which will be the March 1 and September 1, respectively, immediately preceding each Interest Payment Date. 

  
 A-1 

 If an Interest Payment Date, the maturity date or an earlier date of redemption with respect
to this Note falls on a day that is not a Business Day, the required payment and any related payment of principal, premium and additional amounts, if any, shall be made on the next Business Day as if it were made on the date the payment was due, and
no interest shall accrue on the amount so payable for the period from and after that Interest Payment Date, the maturity date or that date of redemption, as the case may be. 

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 either may be paid to the Person in whose name this Note (or one or more predecessor Notes) 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 whereof
shall be given to the Holders not less than ten days prior to such special record date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. Payment of the principal of and interest on this Note will be
made at the office or agency of the Company maintained for that purpose in New York, New York or in such other office or agency as may be established by the Company pursuant to the Indenture (initially the principal corporate trust office of the
Trustee in New York, 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. 

All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Indenture. 

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

  
 A-2 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed in its name by the manual
or facsimile signature of its duly authorized officer and attested by the manual or facsimile signature of its Secretary or Assistant Secretary. 
 Date:
September 12, 2019 
  

			
	PERKINELMER, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

	
	ATTEST:
	
	   

	Name:
	Title: Assistant Secretary

 Trustee’s Certificate of Authentication 

This is one of the Notes described in the Indenture. 

Dated: September 12, 2019 
  

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee

 
			
		
	By:	 	 

 
			
	Authorized Signatory:

  
 A-3 

 (Reverse of Note) 

PERKINELMER, INC. 
 3.300% SENIOR
NOTES DUE 2029 
 1. Interest. The Company promises to pay interest on the principal amount of this Note at the rate per annum shown
above. The Company will pay interest semiannually on March 15 and September 15 of each year, beginning March 15, 2020. Interest on the Notes will accrue from and including the most recent date to which interest has been paid or, if no
interest has been paid, from and including September 12, 2019; provided, that, if there is no existing Event of Default in the payment of interest, and if this Note is authenticated between a Regular Record Date referred to on the face hereof
and the next succeeding Interest Payment Date, interest shall accrue from and including such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 2. Method of Payment. The Company will pay interest on the Notes (except
defaulted interest) to the Persons who are the registered Holders of the Notes at the close of business on the Regular Record Date for such interest. The Company will pay principal and interest in money of the United States that at the time of
payment is legal tender for payment of public and private debts. The Company, however, may pay principal and interest by its check payable in such money. 

The principal of and interest on this Note shall be payable at the office or agency of the Company maintained for that purpose, or by mailing
a check to the Holder at such address as shall appear in the Security Register or by transfer to an account maintained by the Person entitled thereto with a bank located in the United States. 

The foregoing notwithstanding, principal of and interest on Notes which are represented by Global Securities held of record by the Depositary,
as holder of the Notes, or a Holder of more than $1,000,000 in aggregate principal amount of Notes, shall be made by wire transfer of immediately available funds, provided that proper written wire transfer instructions have been received by the
Trustee by the times specified in the Indenture. 
 3. Registrar and Agents. Initially, the Trustee will act as Security Registrar,
Paying Agent and agent for service of notices and demands. The Company or any of its Subsidiaries may act as Paying Agent. The address of the Trustee is U.S. Bank National Association, Corporate Trust Services, One Federal Street, 3rd Floor, Boston,
MA 02110, Attn: Karen Beard, Vice President. 
 4. Indenture; Limitations. The Company issued the Notes under the Indenture dated as
of October 25, 2011, by and between the Company and U.S. Bank National Association (the “Trustee”), as Trustee (the “Existing Indenture”), as supplemented by the Fifth Supplemental Indenture, dated as of
September 12, 2019, by and between the Company and the Trustee (the “Fifth Supplemental Indenture,” and the Existing Indenture, as supplemented by the Fifth 

  
 A-4 

 
Supplemental Indenture, the “Indenture”). Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the Notes include those
stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended, 15 U.S.C. §§ 77aaa-77bbbb, as in effect on the date of the Indenture. In the event of a conflict between
the terms of the Notes and the terms of the Indenture, the terms of the Indenture shall prevail. 
 5. Optional Redemption by the
Company. Prior to June 15, 2029 (three months prior to the maturity date of the Notes), the Notes will be redeemable, in whole at any time or in part from time to time, at the Company’s option at a redemption price equal to the greater
of: 
  

	 	(i)	 100% of the principal amount of the Notes to be redeemed; and 

 

	 	(ii)	 the sum of the present values of the remaining scheduled payments of principal and interest thereon (not
including any portion of such payments of interest accrued but unpaid as of the date of redemption (the “Redemption Date”)), assuming that such Notes matured on June 15, 2029 (three months prior to the maturity date of the
Notes), 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 25 basis points;

 plus, in each case, accrued and unpaid interest thereon, if any, to, but excluding, the Redemption Date. 

At any time on or after June 15, 2029 (three months prior to the maturity date of the Notes), the Notes may be redeemed in whole or in
part, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Notes due to be redeemed plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. 

Notwithstanding the foregoing, installments of interest on this Note that are due and payable on Interest Payment Dates falling on or prior to
a Redemption Date will be payable on the Interest Payment Date to the registered Holder of this Note as of the close of business on the relevant Regular Record Date according to this Note and the Indenture. In the event that this Note or a portion
thereof is called for redemption or there is a Change of Control Repurchase Event, and the Redemption Date or the Change of Control Repurchase Event payment date, as applicable, is subsequent to a Regular Record Date with respect to any Interest
Payment Date and prior to such Interest Payment Date, interest on this Note will instead be paid upon presentation and surrender of this Note as provided in the Indenture. 

Notice of any redemption will be mailed at least 15 days but not more than 60 days before the Redemption Date to each Holder of the
Notes to be redeemed by the Company or by the Trustee on the Company’s behalf; provided that notice of redemption may be mailed more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of
the Notes or a satisfaction and discharge of the Notes. Unless the Company defaults in payment of the applicable redemption price, on and after the Redemption Date, interest will cease to accrue on the Notes or portions thereof called for
redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee in accordance with applicable depositary procedures or, in the case of Notes that are not represented by a Global Security, by
such method that the Trustee deems to be fair and appropriate. 

  
 A-5 

 “Comparable Treasury Issue” means the United States Treasury security
selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term (as measured from the date of redemption) of the Notes to be redeemed, assuming that such Notes matured on June 15, 2029, 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 such Notes. 

“Comparable Treasury Price” means, with respect to any Redemption Date, (i) the arithmetic average of four Reference
Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Company obtains fewer than four such Reference Treasury Dealer Quotations, the arithmetic
average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation. 

“Quotation Agent” means any Reference Treasury Dealer appointed by the Company. 

“Reference Treasury Dealer” means (i) each of J.P. Morgan Securities LLC and BofA Securities, Inc. (or their respective
affiliates that are Primary Treasury Dealers) and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), the Company will substitute therefor another Primary Treasury Dealer, and (ii) at least four other Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
arithmetic 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 such Reference Treasury Dealer at
5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 “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. 
 6. Change of Control Repurchase Event. Pursuant to
Section 4.01 of the Fifth Supplemental Indenture, if a Change of Control Repurchase Event occurs, unless the Company has exercised its right to redeem the Notes, or has defeased or satisfied and discharged the Notes, the Company will make an
offer to each Holder of Notes to repurchase all or any part (in minimum denominations of $2,000 and thereafter in integral multiples of $1,000) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal
amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to but excluding the date of purchase. 

  
 A-6 

 7. Convertibility. The Notes are not convertible into any Securities of the Company.

 8. Sinking Fund. The Notes are not subject to any sinking fund. 

9. Governing Law. The Notes and the Indenture shall be deemed to be contracts made under the laws of the State of New York, and for all
purposes shall be construed in accordance with the laws of said state. 
 10. Denominations, Transfer, Exchange. The Notes shall be
known and designated as the “3.300% Senior Notes due 2029.” The initial maximum aggregate principal amount of the Notes that may be authenticated and delivered under the Supplemental Indenture shall not exceed $850,000,000 except for Notes
authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of, Notes pursuant to Sections 2.08, 2.09, 2.11, 8.05, 12.02 or 12.03 of the Existing Indenture (unless the issue of this series of Notes is
“reopened” by issuing Additional Notes), in an amount or amounts and registered in the names of such Persons as shall be set forth in any written order of the Company for the authentication and delivery of the Notes pursuant to
Section 2.04 of the Existing Indenture. The Notes will be initially issued in the form of one or more global notes (the “Global Securities”) in fully registered form, without coupons, in minimum denominations of $2,000
principal amount or any whole integral multiples of $1,000 above that amount. The Security Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law
or permitted by the Indenture. 
 11. Persons Deemed Owners. The registered Holder of a Note may be treated as its owner for all
purposes. 
 12. No Recourse Against Others. Without limiting the provisions of Section 11.01 of the Existing Indenture, no
stockholder, director, officer or incorporator, as such, past, present or future, of the Company or any successor corporation or trust shall have any liability for any obligation of the Company under the Notes or the Indenture or for any claim based
on, in respect of or by reason of, such obligations or their creation. Each Holder of a Note by accepting a Note waives and releases all such liability. This waiver and release are part of the consideration for the issuance of the Notes. 

13. Authentication. This Note shall not be valid until the Trustee signs the certificate of authentication on the other side of this
Note. 
 14. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants
in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with rights of survivorship and not as tenants in common), CUST (= Custodian), AND U/G/M/A (= Uniform Gifts to Minors Act). 

  
 A-7 

 ASSIGNMENT FORM 

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

PLEASE INSERT SOCIAL SECURITY OR 
 OTHER IDENTIFYING NUMBER OF
ASSIGNEE 
  

			
	 	
	 	  	 

 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE 

 

			
		
	 	  	
		
	 	  	
		
	 	  	

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

			
	Dated:	 	 
		
	Signature:	 	 

 NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE
FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. 
 Signature Guarantee: 

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

  
 A-8 

 Schedule I 

SCHEDULE OF TRANSFERS AND EXCHANGES 

The following increases or decreases in principal amount of this Global Security 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
 Custodian

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