Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(the “Agreement”), is entered into as of February 25, 2020 (the “Effective Date”), by and
between TMSR Holding Company Limited, a Nevada corporation (the “Company”), and Bibo Lin, an individual (the
“Executive”). Except with respect to the direct employment of the Executive by the Company, the term “Company”
as used herein with respect to all obligations of the Executive hereunder shall be deemed to include the Company and all of its
subsidiaries and affiliated entities (collectively, the “Group”).

 

RECITALS

 

A. The Company desires to employ the Executive
as its Vice President to assure itself of the services of the Executive during the term of Employment (as defined below).

 

B. The Executive desires to be employed
by the Company as its Vice President during the term of Employment and upon the terms and conditions of this Agreement.

 

AGREEMENT

 

The parties hereto agree as follows:

 

		1.	POSITION

 

The Executive hereby accepts
a position of Vice President (the “Employment”) of the Company.

 

		2.	TERM

 

Subject to the terms and conditions
of this Agreement, the initial term of the Employment shall be 3 years commencing on the Effective Date, unless terminated earlier
pursuant to the terms of this Agreement. The Employment will be renewed automatically for additional one-year terms if neither
the Company nor the Executive provides a notice of termination of the Employment to the other party or otherwise proposes to re-negotiate
the terms of the Employment with the other party within three months prior to the expiration of the applicable term.

 

		3.	DUTIES
AND RESPONSIBILITIES

 

		(a)	The
Executive’s duties at the Company will include all jobs assigned by the Company’s Board of the Directors (the “Board”).

 

	 	(b)	The Executive shall devote all of her working time, attention and skills to the performance of her duties at the Company and shall faithfully and diligently serve the Company in accordance with this Agreement, the Certificate of Incorporation and Bylaws of the Company, as amended and restated from time to time (the “Charter Documents”), and the guidelines, policies and procedures of the Company approved from time to time by the Board.

 

	 	(c)	The Executive shall use her best efforts to perform her duties hereunder. The Executive shall not, without the prior written consent of the Board, become an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be concerned or interested in any business or entity that engages in the same business in which the Company engages (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding any shares or other securities of any Competitor that is listed on any securities exchange or recognized securities market anywhere if such shares or securities represent less than 5% of the competitors outstanding shares and securities. The Executive shall notify the Company in writing of her interest in such shares or securities in a timely manner and with such details and particulars as the Company may reasonably require.

 

     

     

    

 

		4.	NO
BREACH OF CONTRACT

 

The Executive hereby represents
to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of
the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement
or policy to which the Executive is a party or otherwise bound, except for agreements entered into by and between the Executive
and any member of the Group pursuant to applicable law, if any; (ii) that the Executive has no information (including, without
limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated
by, the Executive entering into this Agreement or carrying out her duties hereunder; (iii) that the Executive is not bound by any
confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for other member(s)
of the Group, as the case may be.

 

		5.	COMPENSATION
AND BENEFITS

 

	 	(a)	Base Salary. The Executive’s initial base salary shall be $10,000 per year, paid in periodic installments in accordance with the Company’s regular payroll practices, and such compensation is subject to annual review and adjustment by the Board.

 

	 	(b)	Bonus. The Executive shall be eligible for Bonuses determined by the Board.

 

	 	(c)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof as determined by the Board.

 

	 	(d)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan.

 

	 	(e)	Expenses. The Executive shall be entitled to reimbursement by the Company for all reasonable ordinary and necessary travel and other expenses incurred by the Executive in the performance of her duties under this Agreement; provided that he properly accounts for such expenses in accordance with the Company’s policies and procedures.

 

		6.	TERMINATION
OF THE AGREEMENT

 

	 	(a)	By the Company.

 

(i) For Cause. The
Company may terminate the Employment for cause, at any time, without notice or remuneration (unless notice or remuneration is specifically
required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if:

 

(1) the Executive is convicted
or pleads guilty to a felony or to an act of fraud, misappropriation or embezzlement,

 

(2) the Executive has been grossly
negligent or acted dishonestly to the detriment of the Company,

 

(3) the Executive has engaged
in actions amounting to willful misconduct or failed to perform her duties hereunder and such failure continues after the Executive
is afforded a reasonable opportunity to cure such failure; or

 

(4) the Executive violates Section
7 or 9 of this Agreement.

 

Upon termination for cause, the
Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the Executive will
not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the Executive’s
right to all other benefits will terminate, except as required by any applicable law.

 

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(ii) For death and disability.
The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration is specifically
required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if:

 

(1) the Executive has died, or

 

(2) the Executive has a disability
which shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to
perform the essential functions of her employment with the Company, with or without reasonable accommodation, for more than 120
days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period would apply.

 

Upon termination for death or
disability, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the
Executive will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and
the Executive’s right to all other benefits will terminate, except as required by any applicable law.

 

(iii) Without Cause.
The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause,
the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to
12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated
amount of her target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued
health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting
of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

 

Upon termination without, the
Executive shall be entitled to the amount of base salary earned and not paid prior to termination.

  

(iv) Change of Control
Transaction. If the Company or its successor terminates the Employment upon a merger, consolidation, or transfer or sale of
all or substantially all of the assets of the Company with or to any other individual(s) or entity (the “Change of Control
Transaction”), the Executive shall be entitled to the following severance payments and benefits upon such termination:
(1) a lump sum cash payment equal to 12 months of the Executive’s base salary at a rate equal to the greater of his/her annual
salary in effect immediate1y prior to the termination, or his/her then current annua1 salary as of the date of such termination;
(2) a lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year immediately preceding the termination;
and (3) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

 

	 	(b)	By the Executive. The Executive may terminate the Employment at any time with a prior written notice to the Company, if (1) there is a material reduction in the Executive’s authority, duties and responsibilities, or (2) there is a material reduction in the Executive’s annual salary. Upon the Executive’s termination of the Employment due to either of the above reasons, the Company shall provide compensation to the Executive equivalent to 12 months of the Executive’s base salary that he is entitled to immediately prior to such termination. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.

 

	 	(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating party to the other party.

 

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		7.	CONFIDENTIALITY
AND NON-DISCLOSURE

 

	 	(a)	Confidentiality and Non-disclosure. The Executive hereby agrees at all times during the term of the Employment and after her termination, to hold in the strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, corporation or other entity without prior written consent of the Company, any Confidential Information. The Executive understands that “Confidential Information” means any proprietary or confidential information of the Company, its affiliates, or their respective clients, customers or partners, including, without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers, supplier lists and suppliers, software developments, inventions, processes, formulas, technology, designs, hardware configuration information, personnel information, marketing, finances, information about the suppliers, joint ventures, franchisees, distributors and other persons with whom the Company does business, information regarding the skills and compensation of other employees of the Company or other business information disclosed to the Executive by or obtained by the Executive from the Company, its affiliates, or their respective clients, customers or partners, either directly or indirectly, in writing, orally or otherwise, if specifically indicated to be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public through no fault of the Executive.

 

	 	(b)	Company Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with her work or using the facilities of the Company are property of the Company and subject to inspection by the Company at any time. Upon termination of the Executive’s employment with the Company (or at any other time when requested by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature pertaining to her work with the Company and will provide written certification of her compliance with this Agreement. Under no circumstances will the Executive have, following her termination, in her possession any property of the Company, or any documents or materials or copies thereof containing any Confidential Information.

 

	 	(c)	Former Employer Information. The Executive agrees that he has not and will not, during the term of her employment, (i) improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of the Company any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the Company and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing.

 

	 	(d)	Third Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company and such third parties, during the Executive’s employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner consistent with, and for the limited purposes permitted by, the Company’s agreement with such third party.

 

This Section 7 shall survive
the termination of this Agreement for any reason. In the event the Executive breaches this Section 7, the Company shall have right
to seek remedies permissible under applicable law.

 

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		8.	CONFLICTING
EMPLOYMENT.

 

The Executive
hereby agrees that, during the term of her employment with the Company, he or she will not engage in any other employment, occupation,
consulting or other business activity related to the business in which the Company is now involved or becomes involved during the
term of the Executive’s employment, nor will the Executive engage in any other activities that conflict with her obligations
to the Company without the prior written consent of the Company.

 

		9.	NON-COMPETITION
AND NON-SOLICITATION

 

In consideration
of the salary paid to the Executive by the Company and subject to applicable law, the Executive agrees that during the term of
the Employment and for a period of one (1) year following the termination of the Employment for whatever reason:

 

	 	(a)	The Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive in the Executive’s capacity as a representative of the Company for the purposes of doing business with such persons or entities which will harm the business relationship between the Company and such persons and/or entities;

 

	 	(b)	The Executive will not assume employment with or provide services as a director or otherwise for any Competitor, or engage, whether as principal, partner, licensor or otherwise, in any Competitor; and

 

	 	(c)	The Executive will not seek, directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit the services of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination.

 

The provisions contained
in Section 9 are considered reasonable by the Executive and the Company. In the event that any such provisions should be found
to be void under applicable laws but would be valid if some part thereof was deleted or the period or area of application reduced,
such provisions shall apply with such modification as may be necessary to make them valid and effective.

 

This Section 9 shall
survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 9, the Executive acknowledges
that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific
performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall
have right to seek all remedies permissible under applicable law.

 

		10.	WITHHOLDING
TAXES

 

Notwithstanding anything
else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise
due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes
as may be required to be withheld pursuant to any applicable law or regulation.

 

		11.	ASSIGNMENT

 

This Agreement is personal
in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any
rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or any rights or
obligations hereunder to any member of the Group without such consent, and (ii) in the event of a Change of Control Transaction,
this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor
shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.

 

		12.	SEVERABILITY

 

If any provision of
this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of
this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this
Agreement are declared to be severable. 

 

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		13.	ENTIRE
AGREEMENT

 

This Agreement constitutes
the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes
all prior or contemporaneous oral or written agreements concerning such subject matter, including any prior agreements between
the Executive and a member of the Group. The Executive acknowledges that he or she has not entered into this Agreement in reliance
upon any representation, warranty or undertaking which is not set forth in this Agreement. Any amendment to this Agreement must
be in writing and signed by the Executive and the Company.

 

		14.	GOVERNING
LAW; JURISDICTION

 

This Agreement shall
be governed by and construed in accordance with the laws of the State of Nevada and each of the parties irrevocably consents to
the jurisdiction and venue of the federal and state courts located in Nevada.

 

		15.	AMENDMENT

 

This Agreement may
not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring
to this Agreement, which agreement is executed by both of the parties hereto.

 

		16.	WAIVER

 

Neither the failure
nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further
exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege
with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence.
No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

 

		17.	NOTICES

 

All notices, requests,
demands and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been
duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a recognized
courier with next-day or second-day delivery to the last known address of the other party.

 

		18.	COUNTERPARTS

 

This Agreement may
be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears
thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or
more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the
signatories.

 

Photographic copies
of such signed counterparts may be used in lieu of the originals for any purpose.

 

		19.	NO
INTERPRETATION AGAINST DRAFTER

 

Each party recognizes
that this Agreement is a legally binding contract and acknowledges that it, he or she has had the opportunity to consult with legal
counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed against either party on
the basis of that party being the drafter of such terms.

 

[remainder of this
page left intentionally blank]

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IN WITNESS WHEREOF, this Agreement has been executed as of the
date first written above.

  

	 	TMSR Holding Company Limited
	 	 
	 	By:	/s/ Yimin Jin
	 	Name: 	Yimin Jin
	 	Title:	CEO and Director

  

	 	Executive
	 	 
	 	By:	/s/ Bibo Lin
	 	Name: 	Bibo Lin

 

 

7Exhibit 4.2

 

OSHKOSH CORPORATION

 

$300,000,000 3.100% Senior Notes due
2030

 

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated as of February 26, 2020

 

To

 

INDENTURE

 

Dated as of May 17, 2018

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

 

Trustee

 

    

     

    

 

TABLE OF CONTENTS*

 

		
	 	Page
	 	 
	Parties	1
	Recitals	1
	Article 1. Definitions	1
	Section 1.01. 	Relationship with Base Indenture	1
	Section 1.02. 	Definitions	2
	Article 2. THE NOTES	14
	Section 2.01. 	Designation and Amount of Notes	14
	Section 2.02. 	Terms; Denominations; Form of Security	14
	Section 2.03. 	Payment of Principal and Interest	14
	Section 2.04. 	Sinking Fund	15
	Section 2.05. 	Defeasance and Covenant Defeasance	15
	Article 3. REDEMPTION AND REPAYMENT	15
	Section 3.01. 	Optional Redemption	15
	Article 4. CHANGE OF CONTROL	16
	Section 4.01. 	Offer to Repurchase Upon a Change of Control Triggering Event	16
	Article 5. PARTICULAR COVENANTS	18
	Section 5.01. 	Limitations on Liens	18
	Section 5.02. 	Limitation on Sale and Leaseback Transactions	18
	Article 6. DEFAULTS AND REMEDIES	18
	Section 6.01. 	Events of Default	18
	Article 7. MISCELLANEOUS	19
	Section 7.01. 	Trust Indenture Act Controls	19
	Section 7.02. 	Governing Law	19
	Section 7.03. 	Successors	19
	Section 7.04. 	Severability	19
	Section 7.05. 	Counterpart Originals	20
	Section 7.06. 	Table of Contents, Headings, Etc.	20

 

EXHIBITS

 

Exhibit
A FORM OF NOTE

 

 

* This table of contents shall not, for any purpose, be deemed
to be a part of the Indenture.

 

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THIS SECOND SUPPLEMENTAL INDENTURE,
dated as of February 26, 2020 (this “Supplemental Indenture”), between Oshkosh Corporation, a Wisconsin corporation
(the “Company”), and Wells Fargo Bank, National Association, a national banking association, as trustee (the “Trustee”).

 

RECITALS OF THE COMPANY

 

The Company has heretofore executed and
delivered to the Trustee an indenture, dated as of May 17, 2018 (the “Base Indenture”, and together with this Supplemental
Indenture, the “Indenture”), providing for the issuance from time to time of one or more series of the Company’s
securities.

 

The Company desires and has requested the
Trustee pursuant to Section 11.01 of the Base Indenture to join with it in the execution and delivery of this Supplemental Indenture
in order to supplement the Base Indenture as, and to the extent set forth herein to provide for the issuance and the terms of the
Notes (as defined below).

 

Section 11.01 of the Base Indenture provides
that the Company and the Trustee, without the consent of any holders of the Company’s Debt Securities, may amend or waive
certain terms and conditions in the Base Indenture as permitted by Sections 2.02 and 3.01 thereof.

 

The execution and delivery of this Supplemental
Indenture has been duly authorized by a resolution of the Board of Directors of the Company or a duly authorized committee thereof.

 

All conditions and requirements necessary
to make this Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been performed and
fulfilled by the parties hereto and the execution and delivery thereof have been in all respects duly authorized by the parties
hereto.

 

The Company and the Trustee agree as follows
for the benefit of each other and for the equal and ratable benefit of the Holders of the 3.100% Senior Notes due 2030 (the “Notes”):

 

Article
1.

Definitions.

 

Section
1.01.              
Relationship with Base Indenture

 

The terms and provisions contained in the
Base Indenture will constitute, and are hereby expressly made a part of this Supplemental Indenture and the Company and the Trustee,
by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby.
However, to the extent any provision of the Base Indenture conflicts with the express provisions of this Supplemental Indenture,
the provisions of this Supplemental Indenture will govern and be controlling.

 

The Trustee accepts the amendment of the
Base Indenture effected by this Supplemental Indenture and agrees to execute the trust created by the Base Indenture as hereby
amended, but only upon the terms and conditions set forth in this Supplemental Indenture, including the terms and provisions defining
and limiting the liabilities and responsibilities of the Trustee in the performance of the trust created by the Base Indenture,
and without limiting the generality of the foregoing, the Trustee will not be responsible in any manner whatsoever for or with
respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Company,
or for or with respect to (1) the validity or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof,
(2) the proper authorization hereof by the Company, (3) the due execution hereof by the Company or (4) the consequences (direct
or indirect and whether deliberate or inadvertent) of any amendment herein provided for, and the Trustee makes no representation
with respect to any such matters. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of
every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether
or not elsewhere herein so provided.

 

    

     

    

 

Section
1.02.              
Definitions

 

Capitalized terms used herein and not otherwise
defined below shall have the meanings ascribed thereto in the Base Indenture. The following terms have the meanings given to them
in this Section 1.02:

 

Additional Notes:

 

The term “Additional Notes”
has the meaning assigned to it in Section 2.01.

 

Attributable Debt:

 

The term “Attributable Debt”
in respect of a Sale and Leaseback Transaction means, at the time of determination, the present value (discounted at the rate of
interest implicit in such transaction) of the total obligations of the lessee for rental payments during the remaining term of
the lease included in such Sale and Leaseback Transaction (including any period for which such lease has been or may, at the option
of the lessor, be extended).

 

Base Indenture:

 

The term “Base Indenture” has
the meaning specified in the Recitals.

 

Capital Interests:

 

The term “Capital Interests”
in any Person means any and all shares, interests, participations or other equivalents in the equity interest (however designated)
in such Person and any rights (other than Debt securities convertible into an equity interest), warrants or options to acquire
an equity interest in such Person.

 

Capital Lease Obligations:

 

The term “Capital Lease Obligations”
means any obligation of a Person under a lease that is required to be capitalized for financial reporting purposes in accordance
with GAAP; and the amount of Debt represented by such obligation shall be the capitalized amount of such obligations determined
in accordance with GAAP; and the stated maturity thereof shall be the date of the last payment of rent or any other amount due
under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a penalty.

 

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Change of Control:

 

The term “Change of Control”
means the occurrence of any of the following:

 

		(i)	the Company becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act, proxy,
vote, written notice or otherwise) the acquisition by any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act), that is or becomes the ultimate “beneficial owner” (as such term
is used in Rules 13d-3 and 13d-5 under the Exchange Act, except that for purposes of this clause (i) such person or group
shall be deemed to have “beneficial ownership” of all shares that any such person or group has the right to acquire,
whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the
Voting Stock in the Company;

 

		(ii)	the Company sells, conveys, transfers or leases (either in one transaction or a series of related transactions), other than
by merger or consolidation, all or substantially all of its consolidated assets to a Person other than a Restricted Subsidiary
of the Company;

 

		(iii)	the Company consolidates with, or merges with or into, any Person other than a Restricted Subsidiary of the Company, in each
case pursuant to a transaction or series of related transactions in which any of the outstanding Voting Stock of the Company are
converted into or exchanged for cash, securities or other property, other than any such transaction or series of related transactions
where the Voting Stock of the Company outstanding immediately prior thereto are converted into or exchanged for Voting Stock of
the surviving or continuing Person constituting a majority of the outstanding shares of such Voting Stock of such surviving or
continuing Person (immediately after giving effect to such conversion or exchange); or

 

		(iv)	the adoption of a plan of liquidation or dissolution of the Company.

 

Notwithstanding the foregoing, a transaction
or series of related transactions will not be deemed to involve a Change of Control if (a) as a result of such transaction
or series of related transactions the Company becomes a direct or indirect wholly-owned Subsidiary of a holding company or a holding
company becomes the successor to the Company as contemplated by the provisions under Article 12 of the Base Indenture and (b) the
direct or indirect holders of the Voting Stock of such holding company immediately following that transaction or series of related
transactions are the same or substantially the same as the holders of the Company’s Voting Stock immediately prior to that
transaction or series of related transactions.

 

Change of Control Offer:

 

The term “Change of Control Offer”
has the meaning assigned to it in Section 4.01.

 

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Change of Control Payment:

 

The term “Change of Control Payment”
has the meaning assigned to it in Section 4.01.

 

Change of Control Payment Date:

 

The term “Change of Control Payment
Date” has the meaning assigned to it in Section 4.01.

 

Change of Control Triggering Event:

 

The term “Change of Control Triggering
Event” means the occurrence of a Change of Control and a Rating Decline.

 

Code:

 

The term “Code” means the United
States Internal Revenue Code of 1986, as amended.

 

Comparable Treasury Issue:

 

The term “Comparable Treasury Issue”
means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term
(as measured from the redemption date) of the Notes to be redeemed (assuming, for this purpose, that the Notes to be redeemed mature
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 such Notes (assuming, for this
purpose, that the Notes to be redeemed mature on the Par Call Date).

 

Comparable Treasury Price:

 

The term “Comparable Treasury Price”
means, with respect to any redemption date, (i) the 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 Quotation Agent obtains
fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference
Treasury Dealer Quotation is received, such quotation.

 

Consolidated Net Tangible Assets:

 

The term “Consolidated Net Tangible
Assets” of any Person means the aggregate amount of assets of such Person and its Subsidiaries after deducting therefrom
(i) all current liabilities (excluding any current liabilities constituting Funded Debt by reason of being extendible or renewable)
and (ii) (to the extent otherwise included therein) all goodwill, trade names, trademarks, patents, unamortized debt discount
and expense and other like intangibles, all as set forth on the most recent quarterly or annual (as the case may be) consolidated
balance sheet (prior to the relevant date of determination) of such Person and its Subsidiaries in accordance with GAAP.

 

    4

     

    

 

Debt:

 

The term “Debt” means, with
respect to any specified Person, without duplication, any indebtedness of such Person:

 

	(i)		in respect of borrowed money;

 

	(ii)		evidenced by bonds, notes, debentures or similar instruments;

 

	(iii)		representing reimbursement obligations in respect of letters of credit (other than letters of credit that are secured by cash
or cash equivalents), bankers' acceptances or similar instruments (excluding obligations in respect of letters of credit or bankers'
acceptances issued in respect of trade payables), provided that such obligations shall not constitute Debt except to the extent
drawn and not repaid within five business days;

 

	(iv)		representing Capital Lease Obligations;

 

	(v)		representing the balance deferred and unpaid of the purchase price of any property, except any such balance that constitutes
an accrued expense, trade payable or other current liability incurred in the ordinary course of business; or

 

	(vi)		representing any Hedging Obligations (with the amount of any such Hedging Obligations to be deemed to be the net amount payable,
after giving effect to permitted setoff, if such Hedging Obligations were terminated at the time of determination due to the default
of such Person),

 

if and to the extent any of the preceding
items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the specified
Person prepared in accordance with GAAP. In addition, the term “Debt” includes (a) all indebtedness of others
secured by a Lien on any asset of the specified Person (whether or not such Debt is assumed by the specified Person), with the
amount thereof deemed to be the lesser of the maximum amount of the obligations so secured and the fair market value of such asset,
and (b) to the extent not otherwise included, the Guarantee by the specified Person of any Debt of any other Person, with
the amount thereof deemed to be the stated or determinable amount of or, if not stated or if indeterminable, the maximum reasonably
anticipated liability under any such Guarantee.

 

The amount of any Debt outstanding as of
any date will be:

 

	(i)		the accreted value of the Debt, in the case of any Debt issued with original issue discount; and

 

	(ii)		the principal amount of the Debt, excluding, for the avoidance of doubt, interest, fees, premium, expenses and additional payments,
if any.

 

    5

     

    

 

DTC:

 

The term “DTC” has the meaning
assigned to it in Section 2.02.

 

Event of Default:

 

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

 

Exchange Act:

 

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

 

Fitch:

 

The term “Fitch” means Fitch, Inc.
and its successors.

 

Funded Debt:

 

The term “Funded Debt” means
all Debt, whether or not evidenced by a bond, debenture, note or similar instrument or agreement, of any Person, for the repayment
of borrowed money having a maturity of more than 12 months from the date of its creation or having a maturity of less than
12 months from the date of its creation but by its terms being renewable or extendible beyond 12 months from such date
at the option of such Person. For the purpose of determining “Funded Debt” of any Person, there will be excluded any
particular Debt if, on or prior to the maturity thereof, there will have been deposited with the proper depository in trust the
necessary funds for the payment, redemption or satisfaction of such Debt.

 

GAAP:

 

The term “GAAP” means, as to
a particular Person, such accounting principles as, in the opinion of the independent public accountants regularly retained by
such Person, conform at the time to accounting principles generally accepted in the United States.

 

Guarantee:

 

The term “Guarantee” means a
guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of business, direct or indirect,
in any manner, including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements
in respect thereof, of all or any part of any Debt (whether arising by virtue of partnership arrangements, or by agreements to
keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or otherwise).

 

Hedging Obligations:

 

The term “Hedging Obligations”
of any Person means the obligations of such Person pursuant to any interest rate agreement, currency agreement or commodity agreement,
excluding commodity agreements relating to raw materials used in the ordinary course of the Company’s business.

 

    6

     

    

 

Holder:

 

The term “Holder” means a Person
in whose name a Note is registered in the register for the Notes.

 

Incur:

 

The term “Incur” means, with
respect to any Debt of any Person, to create, issue, incur (by conversion, exchange or otherwise), assume, Guarantee or otherwise
become liable in respect of such Debt or the recording, as required pursuant to GAAP or other applicable accounting standards,
of any such Debt on the balance sheet of such Person; provided, however, that a change in GAAP or an interpretation thereunder
that results in an obligation of such Person that exists at such time becoming Debt shall not be deemed an Incurrence of such Debt.
Debt otherwise Incurred by a Person before it becomes a Subsidiary of the Company shall be deemed to be Incurred at the time at
which such Person becomes a Subsidiary of the Company. “Incurrence,” “Incurred,” “Incurrable”
and “Incurring” shall have meanings that correspond to the foregoing. A Guarantee by the Company or a Subsidiary of
Debt Incurred by the Company or a Subsidiary, as applicable, shall not be a separate Incurrence of Debt. In addition, the following
shall not be deemed a separate Incurrence of Debt:

 

	(i)		amortization of debt discount or accretion of principal with respect to a non-interest bearing or other discount security;

 

	(ii)		the payment of regularly scheduled interest in the form of additional Debt of the same instrument or the payment of regularly
scheduled dividends on Capital Interests in the form of additional Capital Interests of the same class and with the same terms;

 

	(iii)		the obligation to pay a premium in respect of Debt arising in connection with the issuance of a notice of redemption or making
of a mandatory offer to purchase such Debt; and

 

	(iv)		unrealized losses or charges in respect of Hedging Obligations.

 

Indenture:

 

The term “Indenture” has the
meaning specified in the Recitals.

 

Interest Payment Date:

 

The term “Interest Payment Date”
means March 1 and September 1 of each year, commencing on September 1, 2020.

 

Lien:

 

The term “Lien” means, with
respect to any property or other asset, any mortgage, deed of trust, deed to secure debt, pledge, hypothecation, assignment for
security purposes, security interest, lien (statutory or otherwise), charge, easement, encumbrance or other security agreement
or arrangement of any kind or nature whatsoever on or with respect to such property or other asset (including, without limitation,
any conditional sale or other title retention agreement having substantially the same economic effect as any of the foregoing).

 

    7

     

    

 

 

Maturity Date:

 

The term “Maturity Date” means
March 1, 2030.

 

Moody’s:

 

The term “Moody’s” means
Moody's Investors Service Inc. and its successors.

 

Notes:

 

The term “Notes” has the meaning
specified in the Recitals.

 

Obligations:

 

The term “Obligations” means
any principal, premium, interest (including any interest accruing subsequent to the filing of a petition in bankruptcy, reorganization
or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed
claim under applicable state, federal or foreign law), penalties, fees, indemnifications, reimbursements (including reimbursement
obligations with respect to letters of credit and banker's acceptances), damages and other liabilities, and guarantees of payment
of such principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the
documentation governing any Debt.

 

Par Call Date:

 

The term “Par Call Date” means
December 1, 2029 (the date that is three months prior to the maturity date of the Notes).

 

Permitted Liens:

 

The term “Permitted Liens” means:

 

	(i)	Liens existing at the original issue date of the Notes;

 

	(ii)	any Lien for taxes or assessments or other governmental charges or levies not then delinquent for more than 90 days, that
are then remaining payable without penalty or which are being contested in good faith and for which adequate reserves are being
maintained to the extent required by GAAP and, in each case, to the extent no notice of lien has been filed or recorded under the
Code;

 

	(iii)	any warehousemen's, materialmen's, mechanic's, repairmen's, landlord's or other similar Liens arising by law for sums not then
due and payable (or which, if due and payable, remain payable without penalty or are being contested in good faith and with respect
to which adequate reserves are being maintained, to the extent required by GAAP);

 

    8

     

    

 

	(iv)	survey exceptions, encumbrances, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric
lines, telegraph and telephone lines and other similar purposes, or zoning or other similar restrictions as to the use of real
properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties which do not
individually or in the aggregate materially adversely affect the value of the Company and its Subsidiaries taken as a whole or
materially impair the operation of the business of the Company and its Subsidiaries taken as a whole;

 

	(v)	Liens on property or assets of a Person existing at the time such Person acquires such property or assets, is merged with or
into or consolidated with the Company or a Subsidiary; or becomes a Subsidiary (and not created or Incurred in anticipation of
such transaction), provided that such Liens are not extended to the Company or its Subsidiaries' property and assets other than
the property or assets acquired and the proceeds thereof;

 

	(vi)	Liens securing Debt of a Subsidiary owed to and held by the Company or a Subsidiary;

 

	(vii)	Liens to secure any extension, renewal, refinancing or refunding (or successive extensions, renewals, refinancings or refundings),
in whole or in part, in accordance with the terms of the Indenture of any Debt secured by Liens referred to in clauses (i),
(ii), (v), (viii) and (xiii) hereof to the extent that such Liens do not extend to any other property or assets and the
principal amount of the obligations secured by such Liens is not increased;

 

	(viii)	Liens to secure Capital Lease Obligations, Synthetic Lease Obligations and Purchase Money Debt; provided that such Liens do
not extend to or cover any assets other than such assets acquired or constructed after the original issue date of the Notes with
the proceeds of such Capital Lease Obligation, Synthetic Lease Obligation or Purchase Money Debt and any assets that, in the ordinary
course of business, are subject to Liens in favor of the same creditor for other assets subject to existing Capital Lease Obligations,
Synthetic Lease Obligations and Purchase Money Debt;

 

	(ix)	Liens in favor of the Company;

 

	(x)	Liens securing Debt Incurred to finance the construction, purchase or lease of, or repairs, improvements or additions to, property,
plant or equipment of such Person; provided, however, that the Lien may not extend to any property owned by such Person or any
of its Subsidiaries at the time the Lien is Incurred (other than assets and property affixed or appurtenant thereto and any proceeds
thereof), and the Debt (other than any interest thereon) secured by the Lien may not be Incurred more than 180 days after
the later of the acquisition, completion of construction, repair, improvement, addition or commencement of full operation of the
property subject to the Lien;

 

	(xi)	Liens on property or shares of Capital Interests of another Person at the time such other Person becomes a Subsidiary of such
Person; provided, however, that (a) the Liens may not extend to any other property owned by such Person or any of its Subsidiaries
(other than assets and property affixed or appurtenant thereto) and (b) such Liens are not created or incurred in connection
with, or in contemplation of, such other Person becoming such a Subsidiary;

 

    9

     

    

 

	(xii)	leases, subleases, licenses or sublicenses granted to others in the ordinary course of business which do not materially interfere
with the ordinary conduct of the business of the Company or any Subsidiaries and do not secure any Debt;

 

	(xiii)	Liens securing the Notes;

 

	(xiv)	Liens not otherwise permitted under the Indenture in an aggregate amount not to exceed at the time of creation the greater
of $500.0 million and 15.00% of the Company’s Consolidated Net Tangible Assets;

 

	(xv)	any interest of title of a lessor or secured by a lessor's interest under any lease permitted under the Indenture; and

 

	(xvi)	Liens on the identifiable proceeds of any property or asset subject to a Lien otherwise permitted under the Indenture.

 

Principal Property:

 

The term “Principal Property”
means any real property, manufacturing plant, warehouse, office building or other physical facility owned at the original issue
date of the Notes or ownership of which is thereafter acquired by the Company or any Subsidiary of the Company and the gross book
value (including related land and improvements thereon) of which on the date as of which the determination is being made exceeds
1% of Consolidated Net Tangible Assets other than (i) any property which in the opinion of the Company's board of directors
is not of material importance to the total business conducted by the Company and its Subsidiaries as an entirety or (ii) any
portion of a particular property which is similarly found not to be of material importance to the use or operation of such property.

 

Purchase Money Debt:

 

The term “Purchase Money Debt”
means Debt:

 

	(i)	incurred to finance the purchase or construction (including additions and improvements thereto) of any assets (other than Capital
Interests) of such Person or any Subsidiary; and

 

	(ii)	that is secured by a Lien on such assets where the lender's sole security is to the assets so purchased or constructed or substantially
similar assets leased or purchased from such lender or any affiliate of such lender under a master lease or similar agreement and
proceeds of the foregoing; and in either case that does not exceed 100% of the cost and to the extent the purchase or construction
prices for such assets are or should be included in "addition to property, plant or equipment" in accordance with GAAP.

 

    10

     

    

 

Quotation Agent:

 

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

 

Rating Agencies:

 

The term “Rating Agencies” means
Fitch, Moody's and S&P or if any of Fitch, Moody's or S&P shall not make a rating on the Notes publicly available other
than as a result of actions by the Company, a “nationally recognized statistical rating organization” (within the meaning
of Section 3(a)(62) of the Exchange Act) selected by the Company which shall be substituted for Fitch, Moody's or S&P,
as the case may be.

 

Rating Category:

 

The term “Rating Category” means:

 

	(i)	with respect to Fitch, any of the following categories: AAA, AA, A, BBB, BB, B, CCC, CC, C and D (or equivalent successor categories);

 

	(ii)	with respect to S&P, any of the following categories: AAA, AA, A, BBB, BB, B, CCC, CC, C and D (or equivalent successor
categories); and

 

	(iii)	with respect to Moody's, any of the following categories: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C and D (or equivalent successor
categories).

 

Rating Decline:

 

The term “Rating Decline” means
a decrease in the rating of the Notes by any two of the Rating Agencies by one or more gradations (including gradations within
Rating Categories as well as between Rating Categories) 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 any of the Rating Agencies); provided that a Rating Decline otherwise arising by virtue of a particular reduction in rating
shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Rating Decline
for purposes of the definition of Change of Control Triggering Event hereunder) if the Rating Agency making the reduction in rating
to which this definition would otherwise apply does not announce or publicly confirm or inform the Company that the reduction was
the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable
Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Rating Decline). In determining
whether the rating of the Notes has decreased by one or more gradations, gradations within Rating Categories, namely + or
 – for Fitch and S&P, and 1, 2, and 3 for Moody's, will be taken into account; for example, in the case of S&P, a
rating decline either from BB+ to BB or BB– to B+ will constitute a decrease of one gradation.

 

    11

     

    

 

Record Date:

 

The term “Record Date” means
the preceding February 15 and August 15 of each Interest Payment Date.

 

Reference Treasury Dealer:

 

The term “Reference Treasury Dealer”
means (i) each of BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC or one of their
respective affiliates; 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 one other Primary Treasury Dealer selected by the Company.

 

Reference Treasury Dealer Quotations:

 

The term “Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by
the Quotation Agent, 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 Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time,
on the third business day preceding such redemption date.

 

Restricted Subsidiary:

 

The term “Restricted Subsidiary”
means a Subsidiary of the Company that owns a Principal Property.

 

S&P:

 

The term “S&P” means S&P
Global Ratings, a division of S&P Global Inc., and its successors.

 

Sale and Leaseback Transaction:

 

The term “Sale and Leaseback Transaction”
means any arrangement with any Person providing for the leasing by the Company or any of its Subsidiaries of any property which
has been or is to be sold or transferred by the Company or any such Subsidiary to such Person with the intention of taking back
a lease of such property, excluding (i) temporary leases for a term (including renewals at the option of the lessee) of not
more than five years, (ii) leases between the Company and a Subsidiary of the Company or between Subsidiaries of the Company,
(iii) any sale and leaseback of a property entered into prior to, at the time of, or within 180 days after the later
of its acquisition or completion of its construction and (iv) any lease securing or relating to certain federal tax-exempt
obligations issued by a state or local government entity to finance the acquisition or construction of property.

 

    12

     

    

 

Securities Act:

 

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

 

Subsidiary:

 

The term “Subsidiary” means,
with respect to any specified Person:

 

	 (i)	any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital
Interest entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders'
agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees of the corporation,
association or other business entity is at the time owned or controlled, directly or indirectly, by that Person or one or more
of the other Subsidiaries of that Person (or a combination thereof); and

 

	(ii)	any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of
such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination
thereof).

 

Supplemental Indenture:

 

The term “Supplemental Indenture”
means this Second Supplemental Indenture, dated as of the date hereof, by and between the Company and the Trustee, governing the
Notes, as amended, supplemented, or otherwise modified from time to time in accordance with the Base Indenture and the terms hereof.

 

Synthetic Lease Obligations:

 

The term “Synthetic Lease Obligations”
means any monetary obligation of a Person under (i) a so-called synthetic, off-balance sheet or tax retention lease, or (ii) an
agreement for the use or possession of property (including Sale and Leaseback Transactions), in each case, creating obligations
that do not appear on the balance sheet of such Person but which, upon the application of any bankruptcy or insolvency laws to
such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

 

Treasury Rate:

 

The term “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:

 

The term “Voting Stock” of any
specified Person as of any date means the Capital Interest of such Person that is at the time entitled to vote in the election
of the board of directors (or similar governing body) of such Person.

 

    13

     

    

 

Article
2.

THE NOTES.

 

Section
2.01.                   
Designation and Amount of Notes

 

The Notes shall be known and designated
as the “3.100% Notes due 2030.” The Notes shall be senior unsecured obligations of the Company. The Notes will initially
be limited to $300,000,000 in aggregate principal amount and will mature on the Maturity Date. Notwithstanding the foregoing, the
Company may from time to time, without giving notice to or seeking the consent of the Holders of the Notes, issue debt securities
with the same terms as the Notes (except for the issue date and, in some cases, the public offering price and the amount and date
of the first interest payment) and ranking equally and ratably with the Notes (“Additional Notes”). The Notes and any
Additional Notes, will constitute a single series for the purposes of the Base Indenture and this Supplemental Indenture, including,
without limitation, for purposes of voting and redemptions; provided that such Additional Notes are fungible with the Notes for
U.S. federal income tax purposes. The Company will not be permitted to issue any Additional Notes if an Event of Default has occurred
and is continuing with respect to the Notes.

 

Section
2.02.                   
Terms; Denominations; Form of Security

 

The Notes are issuable in fully registered
form, without coupons, in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof, and shall be in substantially
the form of Exhibit A hereto. The Depositary Trust Company (“DTC”) shall act as Depositary for the Notes. The
Notes will be represented by one or more global securities registered in the name of a nominee of DTC. Except as described in the
Base Indenture, the Notes will not be issuable in certificated form.

 

Neither
the Company nor the Trustee will be liable for any delay by DTC, its nominee or any direct or indirect participant in identifying
the beneficial owners of the Notes. The Company and the Trustee may conclusively rely on, and will be protected in relying on,
instructions from DTC or its nominee for all purposes, including with respect to the registration and delivery, and the respective
principal amounts, of the certificated Notes to be issued.

 

Section
2.03.                   
Payment of Principal and Interest

 

The Notes shall mature, and the principal of the Notes shall
be due and payable in U.S. Dollars to the Holders thereof, together with all accrued and unpaid interest thereon, on the Maturity
Date.

 

The Notes shall bear interest at the rate
of 3.100% per year from the original issue date (February 26, 2020), or from the most recent Interest Payment Date to which interest
has been paid or provided for. The Company will make interest payments on the Notes semi-annually in arrears on each Interest Payment
Date to the Holders of record at the close of business on the preceding Record Date (whether or not a Business Day). Interest on
the Notes will be computed on the basis of a 360-day year consisting of twelve 30-day months. If an Interest Payment Date (including
an Interest Payment Date falling on a Redemption Date or the Maturity Date) falls on a day that is not a Business Day, the payment
will be made on the next Business Day as if it were made on the date the payment was due, and no interest will accrue on the amount
so payable for the period from and after the Interest Payment Date, Redemption Date or Maturity Date, as the case may be, to the
date the payment is made. Interest payable on the Notes will include accrued and unpaid interest from, and including, the date
of issue or the last date in respect of which interest has been paid, as the case may be, to, but excluding, the Interest Payment
Date, Redemption Date or Maturity Date, as the case may be.

 

    14

     

    

 

Section
2.04.                   
Sinking Fund

 

The Notes will not be entitled to any sinking
fund.

 

Section
2.05.                   
Defeasance and Covenant Defeasance

 

The defeasance and covenants defeasance
provisions of the Base Indenture will apply to the Notes. If the Company exercises its rights of covenant defeasance pursuant to
the Base Indenture, it will no longer be obligated to, among other things, offer to repurchase outstanding Notes upon a Change
of Control Triggering Event.

 

Article
3.

REDEMPTION AND REPAYMENT.

 

Section
3.01.                   
Optional Redemption

 

The Company may redeem the Notes in whole
at any time or in part from time to time, in each case at the Company’s option, prior to the Par Call Date at a Redemption
Price equal to the greater of:

 

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

 

	(ii)	the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the
Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of 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 25 basis points;

 

plus, in each case, accrued and unpaid interest on the Notes
being redeemed to, but excluding, the Redemption Date.

 

In addition, at any time on and after the
Par Call Date, the Company, at its option, may redeem some or all of the Notes at a Redemption Price equal to 100% of the principal
amount of the Notes being redeemed plus accrued and unpaid interest on the Notes being redeemed to, but excluding, the Redemption
Date.

 

Notwithstanding the foregoing, installments
of interest on the 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 Record Date according to the
Notes and the Base Indenture.

 

    15

     

    

 

The Company will mail or otherwise provide
notice of any redemption at least 15 days but not more than 60 days before the Redemption Date to each registered Holder of the
Notes to be redeemed, except that redemption notices may be mailed or otherwise provided more than 60 days before a Redemption
Date if the notice is issued in connection with a defeasance or covenant defeasance of the Notes or a satisfaction and discharge
of the Indenture. Notice of any redemption may, in the Company’s discretion, be subject to one or more conditions precedent.
Once notice of redemption is mailed or provided, subject to any such conditions precedent, the Notes called for redemption will
become due and payable on the Redemption Date and at the applicable Redemption Price, plus accrued and unpaid interest to, but
excluding, the Redemption Date.

 

On and after the Redemption Date, interest
will cease to accrue on the Notes or any portion of the Notes called for redemption (unless the Company defaults in the payment
of the Redemption Price and accrued interest).

 

For the avoidance of doubt, the Trustee
will have no obligation to determine or calculate any rate, price or amount in respect of any optional redemption.

 

In addition, the Company may at any time
purchase any of the Notes by tender, in the open market or by private agreement, subject to applicable law.

 

Except as otherwise set forth in this
Article 3, the terms and conditions upon which and the manner in which the Notes may be redeemed by the Company pursuant to
this Article 3 are governed by the provisions of Article 4 of the Base Indenture.

 

Article
4.

CHANGE OF CONTROL.

 

Section
4.01.                   
Offer to Repurchase Upon a Change of Control Triggering Event

 

If a Change of Control Triggering Event
occurs with respect to the Notes, unless the Company has exercised its option to redeem the Notes in whole by giving notice of
such redemption to the Holders thereof as described above, each Holder of Notes will have the right to require the Company to repurchase
all or any part (equal to $2,000 or integral multiples of $1,000 in excess of $2,000) of that Holder’s Notes pursuant to
a Change of Control Offer. In the Change of Control Offer, the Company will offer a Change of Control Payment in cash equal to
101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest on the Notes repurchased to, but not
including, the repurchase date, subject to the rights of Holders of Notes on the relevant Record Date to receive interest due on
the relevant Interest Payment Date (the “Change of Control Payment”).

 

Within 30 days following any Change
of Control Triggering Event, or, at the Company’s option, prior to any Change of Control, but after the public announcement
of the transaction or transactions that constitutes or may constitute a Change of Control, unless the Company has exercised its
option to redeem the Notes in whole by giving notice of such redemption to the Holders thereof as described above, the Company
will mail or deliver in accordance with DTC procedures a notice (a “Change of Control Offer”) to each Holder and the
Trustee describing the transaction or transactions that constitute or may constitute the Change of Control Triggering Event, offering
to repurchase the Notes on the payment date specified in the notice (the “Change of Control Payment Date”), which date
will be no earlier than 30 days and no later than 60 days from the date such notice is mailed or sent and stating the
instructions determined by the Company, consistent with this covenant, that a Holder must follow in order to have its Notes purchased.
The notice shall, if mailed or sent prior to the date of consummation of the Change of Control, state that the offer to repurchase
is conditioned on the Change of Control Triggering Event occurring on or prior to the payment date specified in the notice.

 

    16

     

    

 

The Company shall comply with the requirements
of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder, to the extent those laws and
regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event.
To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Triggering Event provisions
of this Section 4.01, 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 Triggering Event provisions of the Notes by virtue of such compliance.

 

On
the Change of Control Payment Date, the Company will, to the extent lawful:

 

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

 

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

 

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

 

The paying agent will promptly deliver to
each Holder of Notes properly tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate
and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion
of the Notes surrendered, if any; provided, that each new Note will be in a principal amount of $2,000 or integral multiples
of $1,000 in excess thereof. The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable
after the Change of Control Payment Date.

 

The Company shall not be required to make
a Change of Control Offer upon a Change of Control Triggering Event if a third party makes the Change of Control Offer in the manner,
at the times and otherwise in compliance with the requirements set forth in this Section 4.01 applicable to a Change of Control
Offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under such Change of Control
Offer.

 

    17

     

    

 

 

Article
5.

PARTICULAR COVENANTS.

 

The covenants set forth in this Article
5 shall be applicable to the Company in addition to the covenants in Article 5 of the Base Indenture, which shall in all respects
be applicable in respect of the Notes.

 

Section
5.01.                   
Limitations on Liens

 

The Company will not, and will not permit
any of its Restricted Subsidiaries to, enter into, create, incur, assume or suffer to exist any Lien of any kind (other than Permitted
Liens) on or with respect to any Principal Property or on any share of stock or Debt of any Restricted Subsidiary, in each case
which Lien secures Debt, without securing the Notes and all other amounts due under the Indenture equally and ratably with (or
prior to) the Debt secured by such Lien until such time as such Debt is no longer secured by such Lien.

 

Section
5.02.                   
Limitation on Sale and Leaseback Transactions

 

Neither the Company nor any of its Restricted
Subsidiaries shall enter into any Sale and Leaseback Transaction involving any Principal Property unless:

 

		(i)	immediately after giving effect thereto, the aggregate amount of all outstanding Attributable Debt with respect to all such
transactions, plus the amount of outstanding Debt secured by a Lien (other than Permitted Liens) on any Principal Property incurred
without equally and ratably securing the Notes pursuant to Section 5.02 would not exceed the greater of $500.0 million and
15.00% of the Company’s Consolidated Net Tangible Assets calculated at the time of the transaction; or

 

		(ii)	within 180 days after such Sale and Leaseback Transaction, the Company, or such Subsidiary, applies an amount equal to
the greater of the net proceeds of such Sale and Leaseback Transaction and the fair market value at the time of the transaction
of the property so leased to the retirement of Funded Debt of the Company or any of its Subsidiaries.

 

Article
6.

DEFAULTS AND REMEDIES.

 

Section
6.01.                   
Events of Default

 

Each of the following shall be an “Event
of Default” with respect to the Notes:

 

		(i)	failure to pay any interest on the Notes when due, which failure continues for 30 days;

 

		(ii)	failure to pay principal or premium, if any, with respect to the Notes when due;

 

		(iii)	failure to observe or perform any other covenant, warranty or agreement in the Indenture or Notes (other than a covenant, warranty
or agreement, a default in whose performance or whose breach is specifically dealt with elsewhere in this Section 6.01) if such
failure continues for 90 days (or, in the case of the financial reporting covenant, 120 days) after written notice by
the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding;

 

    18

     

    

 

		(iv)	a default or defaults under any bonds, debentures, notes or other evidences of Debt (other than the Notes) by the Company or
any Subsidiary having, individually or in the aggregate, a principal or similar amount outstanding of at least $100.0 million,
whether such Debt now exists or shall hereafter be created, which default or defaults shall have resulted in the acceleration of
the maturity of such Debt prior to its express maturity or (except in the case of any Debt owing to the Company by any Subsidiary
or any Debt of any Subsidiary owing to the Company or another Subsidiary) shall constitute a failure to pay an amount of such Debt
equal to at least $100.0 million when due and payable after the expiration of any applicable grace period with respect thereto;
or

 

		(v)	specified events of bankruptcy, insolvency, receivership or reorganization.

 

The Notes shall not have the benefit
of the Events of Default set forth in Article 7 of the Base Indenture other than clauses (e) and (f) of the Base Indenture.

 

Article
7.

MISCELLANEOUS.

 

Section
7.01.                   
Trust Indenture Act Controls

 

If any provision of this Supplemental Indenture
limits, qualifies or conflicts with the duties imposed by Trust Indenture Act of 1939 Section 318(c), the imposed duties will control.

 

Section
7.02.                   
Governing Law

 

THE LAW OF THE STATE OF NEW YORK SHALL GOVERN
AND BE USED TO CONSTRUE THE INDENTURE. 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 OR THE
TRANSACTIONS CONTEMPLATED HEREBY.

 

Section
7.03.                   
Successors

 

All agreements of the Company in this Supplemental
Indenture and the Notes will bind its successors. All agreements of the Trustee in this Supplemental Indenture will bind its successors.

 

Section
7.04.                   
Severability

 

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

 

    19

     

    

 

Section
7.05.                   
Counterpart Originals

 

The parties may sign any number of copies
of this Supplemental Indenture. Each signed copy will be an original, but all of them together represent the same agreement.

 

Section
7.06.                   
Table of Contents, Headings, Etc.

 

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 to be considered
a part of this Supplemental Indenture and will in no way modify or restrict any of the terms or provisions hereof.

 

[Signature Page Follows]

 

    20

     

    

 

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

 

	 	OSHKOSH CORPORATION

 

 

	 	By:	/s/ R. Scott Grennier

	 	Name:	 R. Scott Grennier

	 	Title:	 Senior Vice President and Treasurer

 

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

 

	 	By:	/s/ Stefan Victory

	 	Name:	Stefan Victory

	 	Title:	Vice President

 

[Signature Page to Second Supplemental
Indenture]

 

     

     

    

 

Exhibit A

 

(See Attached)

 

     

     

    

 

 

 

3.100% SENIOR NOTES DUE 2030

 

THIS GLOBAL NOTE IS HELD BY THE
DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS
HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THIS GLOBAL NOTE MAY BE EXCHANGED PURSUANT
TO SECTION 3.06 OF THE BASE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION
3.10 OF THE BASE INDENTURE AND (III) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY PURSUANT TO SECTION 2.04
OF THE BASE INDENTURE. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY
OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITORY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”)
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
 & CO. OR SUCH OTHER ENTITY AS MAY BE 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.

 

    A-1

     

    

 

Oshkosh
Corporation

3.100% SENIOR NOTES DUE 2030

 

 

	No. R-1 [ ]	
        CUSIP: 688225 AH4

        ISIN: US688225AH44

 

Oshkosh Corporation promises to pay to Cede
 & Co., or registered assigns, the principal sum of [ ] Dollars ($[ ]) on March
1, 2030.

 

Interest Payment Dates: March 1 and September
1, beginning September 1, 2020

 

Record Dates: February 15 and August 15

 

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 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.

 

    A-2

     

    

 

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

 

 

	 	Oshkosh Corporation

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

	 	Oshkosh Corporation

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Notes of the series designated
herein issued under the within-mentioned Indenture.

 

Dated:

 

	 	Wells Fargo Bank, National Association, 

as Trustee

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

    

     

    

 

3.100% SENIOR NOTES DUE 2030

Oshkosh
Corporation

 

Capitalized terms used and not otherwise
defined herein shall have the meanings assigned to them in the Indenture referred to below.

 

(1)       Interest.

 

(a)       Oshkosh
Corporation, a Wisconsin corporation (“Oshkosh,” the “Issuer” or the “Company”),
promises to pay interest on the principal amount of this Note (the “Notes”) at a fixed rate. The Company will
pay interest in United States dollars (except as otherwise provided herein) semiannually in arrears on March 1 and September 1
of each year, commencing on September 1, 2020 or, if any such day is not a Business Day, on the next succeeding Business Day (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 February 26, 2020; provided that if there is no existing
default or Event of Default in the payment of interest, and if this Note is authenticated between a record date referred to on
the face hereof and the next succeeding Interest Payment Date (but after February 26, 2020), interest shall accrue from such next
succeeding Interest Payment Date, except in the case of the original issuance of the Notes, in which case interest shall accrue
from the date of authentication. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

 

(2)       Method
of Payment. The Company will pay interest on the Notes (except defaulted interest) on the applicable Interest Payment Date
to the Persons who are registered Holders of the Notes at the close of business on the February 15 and August 15 preceding the
Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest Payment Date, except
as provided in Section 3.08 of the Base Indenture with respect to defaulted interest.

 

The Notes shall be payable as to principal,
premium and interest at the office or agency of the Company maintained for such purpose within or without the City and State of
New York, or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set
forth in the register of Holders; provided that payment by wire transfer of immediately available funds shall be required
with respect to principal of, premium, if any, and interest on, the Notes the Holders of which shall have provided written wire
transfer instructions to the Company 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.

 

Any payments of principal of and interest
on this Note prior to the Maturity Date shall be binding upon all future Holders of this Note and of any Note issued upon the registration
of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted hereon. 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.

 

    A-3

     

    

 

(3)       Paying
Agent and Registrar. Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, shall act as paying
agent and registrar. The Company may change any paying agent or registrar without notice to any Holder. The Company or any of its
subsidiaries may act in any such capacity. Whenever the Company shall have one or more paying agents for the Notes other than the
Trustee, it will, on or before each due date of the principal of (and premium, if any) or interest on the Notes, deposit with a
paying agent a sum sufficient to pay such amount becoming due, such sum to be held as provided by the Trust Indenture Act of 1939,
as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “TIA”), and (unless such paying agent is the Trustee)
the Company will promptly notify the Trustee of its action or failure so to act.

 

(4)       Indenture.
The Company issued the Notes under an indenture, dated as of May 17, 2018 (the “Base Indenture”), between the
Company and the Trustee, as supplemented and amended by the second supplemental indenture dated as of February 26, 2020, between
the Company 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 (except as otherwise provided in the Supplemental Indenture) and those
made a part of the Indenture by reference to 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. The Notes issued on the Issue Date are senior unsecured Obligations of the Company
limited to $300,000,000 in aggregate principal amount, plus amounts, if any, sufficient to pay premium and interest on outstanding
Notes as set forth in Paragraph 2 hereof. The Indenture permits the issuance of Additional Notes subject to compliance with certain
conditions.

 

(5)       Optional
Redemption.

 

The Company may redeem the Notes in whole at any time or in
part from time to time, in each case at the Company’s option, prior to the Par Call Date at a Redemption Price equal to the
greater of:

 

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

 

(ii)           
the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if
the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of 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 25 basis points;

 

plus, in each case, accrued and unpaid interest on the Notes
being redeemed to, but excluding, the Redemption Date.

 

In addition, at any time on and after the
Par Call Date, the Company, at its option, may redeem some or all of the Notes at a Redemption Price equal to 100% of the principal
amount of the Notes being redeemed plus accrued and unpaid interest on the Notes being redeemed to, but excluding, the Redemption
Date.

 

    A-4

     

    

 

Notwithstanding the foregoing, installments
of interest on the 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 Record Date according to the
Notes and the Base Indenture.

 

For the avoidance of doubt, the Trustee
will have no obligation to determine or calculate any rate, price or amount in respect of any optional redemption.

 

In addition, the Company may at any time
purchase any of the Notes by tender, in the open market or by private agreement, subject to applicable law.

 

(6)       Change
of Control. If a Change of Control Triggering Event occurs with respect to the Notes, unless the Company has exercised its
option to redeem the Notes in whole by giving notice of such redemption to the Holders thereof as described in paragraph 5 of this
Note, each Holder of Notes will have the right to require the Company to repurchase all or any part (equal to $2,000 or integral
multiples of $1,000 in excess of $2,000) of that Holder’s Notes pursuant to a Change of Control Offer. In the Change of Control
Offer, the Company will offer a Change of Control Payment in cash equal to 101% of the aggregate principal amount of Notes repurchased
plus accrued and unpaid interest on the Notes repurchased to, but not including, the repurchase date, subject to the rights of
Holders of Notes on the relevant Record Date to receive interest due on the relevant Interest Payment Date. The Change of Control
Offer will be made in accordance with the terms specified in the Indenture.

 

(7)       Mandatory
Redemption. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes.

 

(8)       Notice
of Redemption. The Company will mail or otherwise provide notice of any redemption at least 15 days but not more than 60 days
before the Redemption Date to each registered Holder of the Notes to be redeemed, except that redemption notices may be mailed
or otherwise provided more than 60 days before a Redemption Date if the notice is issued in connection with a defeasance or covenant
defeasance of the Notes or a satisfaction and discharge of the Indenture. Notice of any redemption may, in the Company’s
discretion, be subject to one or more conditions precedent. Once notice of redemption is mailed or provided, subject to any such
conditions precedent, the Notes called for redemption will become due and payable on the Redemption Date and at the applicable
Redemption Price, plus accrued and unpaid interest to, but excluding, the Redemption Date.

 

On and after the Redemption Date, interest
will cease to accrue on the Notes or any portion of the Notes called for redemption (unless the Company defaults in the payment
of the Redemption Price and accrued interest).

 

(9)       Denominations,
Transfer, Exchange. The Notes are in registered form without coupons in initial denominations of $2,000 and any integral multiple
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 Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company 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 15 days before
the mailing of a notice of redemption of Notes to be redeemed or during the period between a Record Date and the corresponding
Interest Payment Date.

 

    A-5

     

    

 

(10)       Persons
Deemed Owners. The registered holder of a Note may be treated as its owner for all purposes.

 

(11)       Amendment,
Supplement and Waiver. 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 Notes under the Indenture at any time by the Company
and the Trustee with the consent of the Holders of a majority in aggregate principal amount of Notes at the time Outstanding. The
Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of Notes at the time Outstanding,
on behalf of the Holders of all Notes, 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 Note shall be conclusive
and binding upon such Holder and upon all future Holders of this Note, and of any Note issued upon the registration of transfer
hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

 

(12)       Defaults
and Remedies. If an Event of Default with respect to the Notes (other than certain events of bankruptcy, insolvency or reorganization)
shall occur and be continuing, the Trustee or the Holders of 25% or more in principal amount of the Outstanding Notes, by notice
in writing to the Company (and to the Trustee if given by Holders), may declare the principal of and all accrued but unpaid interest
on all Notes to be due and payable in the manner and with the effect provided in the Indenture. The Indenture provides that such
declaration and its consequences may, in certain events, be annulled by the Holders of a majority in principal amount of the Outstanding
Notes. If an Event of Default with respect to the Notes relating to certain events of bankruptcy, insolvency or reorganization
shall occur and be continuing, the principal of and all accrued but unpaid interest on all Notes shall automatically become due
and payable as provided in the Indenture.

 

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

 

(14)       No
Recourse Against Others. No recourse under or upon any obligation, covenant or agreement of the Indenture, any supplemental
indenture, or of any Note, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator,
organizer, stockholder, member, owner, officer, director, manager or employee, as such, past, present or future, of the Company
or any Subsidiary or of any predecessor or successor Person, either directly or through the Company, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that the
Indenture and the obligations issued thereunder are solely obligations of the Company, and that no such personal liability whatever
shall attach to, or is or shall be incurred by, any incorporator, organizer, stockholder, member, owner, officer, director, manager
or employee, as such, of the Company or of any predecessor or successor Person, or any of them, because of the creation of the
indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in the Indenture, or
in any of the Notes or implied thereby; and that any and all such personal liability, either at common law or in equity or by constitution
or statute of, and any and all such rights and claims against, every such incorporator, organizer, stockholder, member, owner,
officer, director, manager or employee, as such, because of the creation of the indebtedness hereby authorized, or under or by
reason of the obligations, covenants or agreements contained in the Indenture or in any of the Notes or implied thereby, are hereby
expressly waived and released as a condition of, and as a consideration for, the execution of the Indenture and the issue of such
Notes.

 

    A-6

     

    

 

(15)       Authentication.
This Note shall not be valid until authenticated by the manual 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).

 

(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)       THE
LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE AND THE NOTES. 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 NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY
or thereby.

 

The Company shall furnish to any Holder
upon written request and without charge a copy of the Indenture. Requests may be made to:

 

Oshkosh Corporation

1917 Four Wheel Drive

Oshkosh, Wisconsin 54902

Facsimile: (920) 966-5955

Attention: Executive Vice President, General
Counsel and Secretary

 

    A-7

     

    

 

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 Oshkosh. 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)

 

    A-8

     

    

 

SCHEDULE A

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE
GLOBAL NOTE

 

The following exchanges of a part of this
Global Note for other 3.100% Senior Notes due 2030 have been made:

 

	Date of Exchange	 	Amount of
 Decrease in 

Principal Amount
 of this Global Note	 	Amount of
 Increase in
 Principal Amount
 of this Global Note	 	Principal Amount
 of this Global Note

 Following Such

 Decrease(or

 Increase)	 	Signature of

 Authorized

 Signatory of Trustee

 or Note Custodian

 

    A-9

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