Document:

Exhibit 4.1

 

 

INDENTURE

 

Dated as of February 17, 2021

 

Among

 

RADIANT
FUNDING SPV, LLC

(to
be merged with and into Rent-a-center, inc.)

 

as Issuer

 

and

 

Truist
Bank,

 

as Trustee

 

6.375% SENIOR NOTES DUE 2029

 

 

    

     

    

 

TABLE OF CONTENTS 

	 	 	 
		 	Page
	 	 	 
	ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE 	1
	Section 1.1.	Definitions	1
	Section 1.2.	Other Definitions	35
	Section 1.3.	Rules of Construction	35
	Section 1.4.	Limited Condition Transactions	36
	 	 	 
	ARTICLE II THE NOTES 	37
	Section 2.1.	Form and Dating	37
	Section 2.2.	Execution and Authentication	39
	Section 2.3.	Registrar; Paying Agent	39
	Section 2.4.	Paying Agent to Hold Money in Trust	40
	Section 2.5.	Holder Lists	40
	Section 2.6.	Book-Entry Provisions for Global Notes	40
	Section 2.7.	Replacement Notes	43
	Section 2.8.	Outstanding Notes	43
	Section 2.9.	Treasury Notes	43
	Section 2.10.	Temporary Notes	44
	Section 2.11.	Cancellation	44
	Section 2.12.	Defaulted Interest	44
	Section 2.13.	Computation of Interest	44
	Section 2.14.	CUSIP and ISIN Numbers	44
	Section 2.15.	Transfer and Exchange	45
	Section 2.16.	Issuance of Additional Notes	47
	 	 	 
	ARTICLE III REDEMPTION AND PREPAYMENT 	48
	Section 3.1.	Notices to Trustee	48
	Section 3.2.	Selection of Notes to Be Redeemed	48
	Section 3.3.	Notice of Redemption	48
	Section 3.4.	Effect of Notice of Redemption	49
	Section 3.5.	Deposit of Redemption Price	50
	Section 3.6.	Notes Redeemed in Part	50
	Section 3.7.	Optional Redemption	50
	 	 	 
	ARTICLE IV COVENANTS 	52
	Section 4.1.	Payment of Notes	52
	Section 4.2.	Maintenance of Office or Agency	52
	Section 4.3.	Provision of Financial Information	52
	Section 4.4.	Compliance Certificate	53
	Section 4.5.	Taxes	53
	Section 4.6.	Stay, Extension and Usury Laws	53
	Section 4.7.	Limitation on Restricted Payments	54
	Section 4.8.	Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries	58
	Section 4.9.	Limitation on Debt	60

 

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	Section 4.10.	Limitation on Asset Dispositions	65
	Section 4.11.	Limitation on Transactions with Affiliates	68
	Section 4.12.	Limitation on Liens	71
	Section 4.13.	Offer to Purchase upon Change of Control	71
	Section 4.14.	Corporate Existence	72
	Section 4.15.	Future Guarantees	72
	Section 4.16.	Designation of Restricted and Unrestricted Subsidiaries	72
	Section 4.17.	Covenant Suspension	73
	Section 4.18.	Escrow Merger	74
	 	 	 
	ARTICLE V SUCCESSORS 	75
	Section 5.1.	Consolidation, Merger, Conveyance, Transfer or Lease	75
	 	 	 
	ARTICLE VI DEFAULTS AND REMEDIES 	77
	Section 6.1.	Events of Default	77
	Section 6.2.	Acceleration	79
	Section 6.3.	Other Remedies	79
	Section 6.4.	Waiver of Past Defaults	80
	Section 6.5.	Control by Majority	80
	Section 6.6.	Limitation on Suits	80
	Section 6.7.	Rights of Holders of Notes to Receive Payment	80
	Section 6.8.	Collection Suit by Trustee	80
	Section 6.9.	Trustee May File Proofs of Claim	81
	Section 6.10.	Priorities	81
	Section 6.11.	Undertaking for Costs	82
	Section 6.12.	Restoration of Rights and Remedies	82
	Section 6.13.	Rights and Remedies Cumulative	82
	Section 6.14.	Delay or Omission Not Waiver	82
	 	 	 
	ARTICLE VII TRUSTEE 	82
	Section 7.1.	Duties of Trustee	82
	Section 7.2.	Rights of Trustee	83
	Section 7.3.	Individual Rights of the Trustee	85
	Section 7.4.	Trustee’s Disclaimer	85
	Section 7.5.	Notice of Defaults	85
	Section 7.6.	Compensation and Indemnity	86
	Section 7.7.	Replacement of Trustee	86
	Section 7.8.	Successor Trustee by Merger, Etc.	87
	Section 7.9.	Eligibility; Disqualification	87
	 	 	 
	ARTICLE VIII DEFEASANCE; DISCHARGE OF THIS INDENTURE 	87
	Section 8.1.	Option to Effect Legal Defeasance or Covenant Defeasance	87
	Section 8.2.	Legal Defeasance	88
	Section 8.3.	Covenant Defeasance	88
	Section 8.4.	Conditions to Legal or Covenant Defeasance	89
	Section 8.5.	Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions	90
	Section 8.6.	Repayment to Issuer	91
	Section 8.7.	Reinstatement	91

 

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	Section 8.8.	Discharge	91
	 	 	 
	ARTICLE IX AMENDMENT, SUPPLEMENT AND WAIVER 	92
	Section 9.1.	Without Consent of Holders of the Notes	92
	Section 9.2.	With Consent of Holders of Notes	93
	Section 9.3.	Revocation and Effect of Consents	94
	Section 9.4.	Notation on or Exchange of Notes	94
	Section 9.5.	Trustee to Sign Amendments, Etc.	95
	 	 	 
	ARTICLE X SUBSIDIARY GUARANTEES 	95
	Section 10.1.	Subsidiary Guarantees	95
	Section 10.2.	Execution and Delivery of Guarantee	97
	Section 10.3.	Severability	97
	Section 10.4.	Limitation of Subsidiary Guarantors’ Liability	97
	Section 10.5.	Releases	97
	Section 10.6.	Benefits Acknowledged	98
	 	 	 
	ARTICLE XI MISCELLANEOUS 	98
	Section 11.1.	Notices	98
	Section 11.2.	Certificate and Opinion as to Conditions Precedent	100
	Section 11.3.	Statements Required in Certificate or Opinion	100
	Section 11.4.	Rules by Trustee and Agents	100
	Section 11.5.	No Personal Liability of Directors, Officers, Employees and Stockholders	100
	Section 11.6.	Governing Law; Consent to Jurisdiction; Waiver of Jury Trial	101
	Section 11.7.	No Adverse Interpretation of Other Agreements	101
	Section 11.8.	Successors	101
	Section 11.9.	Severability	101
	Section 11.10.	Execution in Counterparts	101
	Section 11.11.	Table of Contents, Headings, Etc.	102
	Section 11.12.	Acts of Holders	102
	Section 11.13.	Force Majeure	104
	Section 11.14.	Legal Holidays	104
	Section 11.15.	USA PATRIOT Act	104

 

Exhibits

 

	Exhibit A	 	Form of Note
	 	 	 
	Exhibit B-1	 	Form of Supplemental Indenture to be Delivered upon Consummation of the Escrow Merger
	 	 	 
	Exhibit B-2	 	Form of Supplemental Indenture to be Delivered by Subsequent Subsidiary Guarantors
	 	 	 
	Exhibit C	 	Form of Certificate to be Delivered in Connection with Transfers Pursuant to Regulation S
	 	 	 
	Exhibit D	 	Form of Certificate to be Delivered in Connection with Transfers to IAIs
	 	 	 

 

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This Indenture, dated
as of February 17, 2021, is by and among Radiant Funding SPV, LLC, a Delaware limited liability company (to be merged with
and into Rent-A-Center, Inc., a Delaware corporation (the “Company”)) and Truist Bank, as trustee (the
 “Trustee”), paying agent and registrar.

 

The Issuer and the
Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders (as defined herein)
of (i) the Issuer’s 6.375% Senior Notes due 2029 to be issued in an initial aggregate principal amount of $450.0 million
on the date hereof (the “Initial Notes”) and (ii) Additional Notes (as defined herein):

 

ARTICLE I

DEFINITIONS AND INCORPORATION BY REFERENCE

 

Section 1.1.       Definitions.

 

“ABL Credit
Agreement” means the credit agreement with respect to the asset-based revolving credit facility entered into on February 17,
2021 among the Company, the financial institutions named therein and JPMorgan Chase Bank, N.A., as Administrative Agent, including
any notes, mortgages, guarantees, collateral documents, instruments and agreements executed in connection therewith, as amended,
restated, supplemented, waived, renewed or otherwise modified from time to time, and (if designated by the Issuer) as replaced
(whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid, refunded, refinanced
or otherwise modified from time to time, including (if designated by the Issuer) any agreement or indenture or commercial paper
facilities with banks or other institutional lenders or investors extending the maturity thereof, refinancing, replacing or otherwise
restructuring all or any portion of the Debt under such agreement or agreements or indenture or indentures or any successor or
replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder permitted
under Section 4.9 or altering the maturity thereof or adding Restricted Subsidiaries as additional borrowers or guarantors
thereunder and whether by the same or any other agent, lender or group of lenders.

 

“Additional
Notes” means Notes (other than the Initial Notes) issued pursuant to Article II and otherwise in compliance with
the provisions of this Indenture, whether or not they have the same CUSIP or ISIN number.

 

“Affiliate”
of any Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control
with such Person. For the purposes of this definition, “control,” when used with respect to any Person means the power
to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership
of voting securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

“Agent”
means any Registrar, Paying Agent, co-registrar or other agent appointed pursuant to this Indenture.

 

“amend”
means to amend, supplement, restate, amend and restate or otherwise modify, including successively, and “amendment”
shall have a correlative meaning.

 

     

     

    

 

“Applicable
Premium” means, with respect to any Note on any applicable redemption date, the greater of:

 

(1)          1.00%
of the then-outstanding principal amount of such Note; and

 

(2)          the
excess of:

 

(a)            the
present value at such redemption date of the sum of (i) the redemption price of such Note at February 15, 2024 (such
redemption price being set forth in the table appearing in Section 3.7(b)) plus (ii) all required interest payments
due on such Note through February 15, 2024 (excluding accrued but unpaid interest), such present value to be computed using
a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over

 

(b)            the
then-outstanding principal amount of such Note.

 

The Issuer shall calculate or cause the
calculation of the Applicable Premium, and the Trustee shall have no duty to calculate or verify the Issuer’s calculation
thereof.

 

“Applicable
Reference Period” means as of any date of determination, the most recently ended Reference Period for which financial
statements with respect to each fiscal quarter included in such Reference Period have been delivered pursuant to Section 4.3
(or, prior to the delivery of any such financial statements, the Reference Period ended September 30, 2020).

 

“asset”
means any asset or property, including, without limitation, Capital Stock.

 

“Asset Disposition”
by any Person means any transfer, conveyance, sale, lease or other disposition (but excluding the creation of any Lien permitted
under Section 4.12 or any disposition in connection therewith) in excess of $15.0 million in any single transaction or series
of related transactions by such Person or any of its Restricted Subsidiaries (including a consolidation, merger or other sale
of any such Restricted Subsidiary with, into or to another Person in a transaction in which such Restricted Subsidiary ceases
to be a Restricted Subsidiary, but excluding a disposition by a Restricted Subsidiary of such Person to such Person or a Restricted
Subsidiary of such Person or by such Person to a Restricted Subsidiary of such Person) of:

 

(1)          shares
of Capital Stock (other than directors’ qualifying shares) or other ownership interests of a Restricted Subsidiary of such
Person;

 

(2)          substantially
all of the assets of such Person or any of its Restricted Subsidiaries representing a division or line of business; or

 

(3)          other
assets or rights of such Person or any of its Restricted Subsidiaries outside of the ordinary course of business.

 

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The term “Asset
Disposition” shall not include any transfer, conveyance, sale, lease or other disposition:

 

(a)          that
consists of a Restricted Payment or Permitted Investment that is made in compliance with Section 4.7;

 

(b)          that
constitutes a Change of Control;

 

(c)          that
is of cash or Cash Equivalents, or a disposition or termination or surrender of contract rights, including settlement of any hedging
obligations, or licensing or sublicensing (or terminations thereof) of intellectual property or general intangibles;

 

(d)          that
is of obsolete, damaged, worn-out, surplus or unusable equipment or assets that are not used or useful in the business;

 

(e)          that
consists of accounts receivable in connection with the compromise, settlement or collection thereof or any write-off, sale, transfer
or other disposition of defaulted receivables for collection;

 

(f)           arising
from foreclosures, condemnation, casualty or other insured damage, taking under power of eminent domain or any similar action
on assets or the granting of Liens not prohibited by this Indenture;

 

(g)          that
is of Capital Stock in, or Debt or other securities of, an Unrestricted Subsidiary;

 

(h)          in
compliance with Section 5.1;

 

(i)           arising
from any financing transaction with respect to property built or acquired by the Issuer or any Restricted Subsidiary after the
Issue Date, including without limitation any sale and leaseback transaction or asset securitization;

 

(j)           (i) leases,
subleases, licenses or sublicenses (and terminations thereof) of real or personal property granted by the Issuer or any of its
Restricted Subsidiaries to others in the ordinary course of business not interfering in any material respect with the business
of the Issuer or any of its Restricted Subsidiaries and (ii) the sale of real property of the Issuer or its Restricted Subsidiaries
in the ordinary course of business; provided that the proceeds from such sale are used to purchase similar or replacement
property within 360 days of such sale;

 

(k)          the
sale of inventory or equipment in the ordinary course of business;

 

(l)           any
disposition of Investments in joint ventures to the extent required by, or made pursuant to buy/sell arrangements between the
joint venture parties set forth in joint venture arrangements and similar binding arrangements;

 

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(m)         dispositions
of assets in any transaction or series of related transactions not to exceed, when made, the greater of (x) $41.25 million
and (y) 7.5% of Consolidated Total Assets in any fiscal year;

 

(n)          dispositions
of assets acquired in connection with any acquisition or investment permitted under this Indenture that are not used or useful
in the core business of the Issuer and its Restricted Subsidiaries;

 

(o)          the
sale of the Mexico Operations for fair market value;

 

(p)          dispositions
to or by the Insurance Subsidiary of Debt described in clause (23) under Section 4.9(b) to the Company or any Wholly
Owned Subsidiary;

 

(q)          dispositions
by the Insurance Subsidiary effected solely for the purpose of liquidating assets in order to permit the Insurance Subsidiary
to pay expenses and to make payments on insurance claims of the Company and/or any of its Restricted Subsidiaries with the proceeds
of such dispositions;

 

(r)           any
sale, issuance, conveyance, transfer, participation, factoring, lease or other disposition of Securitization Assets in connection
with a Qualified Securitization Transaction;

 

(s)          dispositions
by any Restricted Subsidiary to the Issuer or any Subsidiary Guarantor or dispositions by any Restricted Subsidiary that is not
a Subsidiary Guarantor to any Restricted Subsidiary;

 

(t)           the
sale or issuance of any Restricted Subsidiary’s Capital Stock to the Issuer or any Subsidiary Guarantor or on a pro rata
basis to the owners of its Capital Stock;

 

(u)          dispositions
of assets (including as a result of like-kind exchanges) to the extent that (i) such assets are exchanged for credit (on
a fair market value basis) against the purchase price of similar or replacement assets or (ii) such asset is disposed of
for fair market value and the proceeds of such disposition are promptly applied to the purchase price of similar or replacement
assets; or

 

(v)          the
abandonment, cancellation, non-renewal or discontinuance of use or maintenance of non-material intellectual property or rights
relating thereto that the Issuer determines in its reasonable judgment to be desirable to the conduct of its business and not
materially disadvantageous to the interests of the Holders.

 

“Average
Life” means, as of any date of determination, with respect to any Debt, the quotient obtained by dividing (1) the
sum of the products of the number of years from such date of determination to the dates of each successive scheduled principal
payments of such Debt by the amount of each such principal payment by (2) the sum of all such principal payments.

 

“Bankruptcy
Law” means Title 11, U.S. Code or any similar federal, state or foreign law for the relief of debtors, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency,
reorganization, winding-up, restructuring, examinership or similar debtor relief laws.

 

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“Board of
Directors” means, as to any Person, the Board of Directors, or similar governing body, of such Person or any duly authorized
committee thereof.

 

“Borrowing
Base” has the meaning given to such term in the ABL Credit Agreement as in effect on the Merger Closing Date.

 

“Business
Day” means a day other than a Saturday, Sunday or other day on which banking institutions are authorized or required
by law or regulation to close in the State of New York or, with respect to any payments to be made under this Indenture, the place
of payment.

 

“Capital
Stock” of any Person means any and all shares, interests, participations, warrants, options or other rights to acquire
or other equivalents of or interests in (however designated) corporate stock or other equity participations, including partnership
interests, whether general or limited, of such Person, but in each case excluding any debt security that is convertible or exchangeable
for Capital Stock.

 

“Cash Contribution
Amount” means the aggregate amount of cash contributions made to the capital of the Issuer or any Subsidiary Guarantor
and designated as a “Cash Contribution Amount.”

 

“Cash Management
Agreement” means any agreement to provide cash management services, including treasury, depository, overdraft, credit
or debit card (including non-card electronic payables), electronic funds transfer, automated clearing house and other cash management
arrangements.

 

“Cash Equivalents”
means:

 

(1)             marketable
direct obligations issued by, or unconditionally guaranteed by, the United States government or issued by any agency thereof and
backed by the full faith and credit of the United States, in each case maturing within two years from the date of acquisition;

 

(2)             certificates
of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of six months or less from the
date of acquisition issued by any lender under the ABL Credit Agreement or the Term Loan Credit Agreement or by any commercial
bank organized under the laws of the United States or any state thereof having combined capital and surplus of not less than $250.0
million;

 

(3)             commercial
paper of an issuer rated at least A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a nationally recognized
rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing
within nine months from the date of acquisition;

 

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(4)             repurchase
obligations of any lender under the ABL Credit Agreement or the Term Loan Credit Agreement or of any commercial bank satisfying
the requirements of clause (2) of this definition, having a term of not more than 30 days, with respect to securities issued
or fully guaranteed or insured by the United States government;

 

(5)             securities
with maturities of two years or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory
of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any
foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign
government (as the case may be) are rated at least A by S&P or A by Moody’s;

 

(6)             securities
with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any lender under
the ABL Credit Agreement or the Term Loan Credit Agreement or any commercial bank satisfying the requirements of clause (2) of
this definition;

 

(7)             money
market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (1) through (6) of
this definition; or

 

(8)             money
market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940,
as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $1,000.0
million.

 

“Change of Control”
means the occurrence, following the Escrow Merger, of any of the following events:

 

(1)            the
consummation of any transaction as a result of which any Person or any Persons acting together that would constitute a “group”
for purposes of Section 13(d) of the Exchange Act, or any successor provision thereto, other than the Issuer, any of
its Subsidiaries or any employee benefit plan of the Issuer or any of its Subsidiaries, becomes the beneficial owner (within the
meaning of Rule 13d-3 under the Exchange Act, or any successor provision thereto) of at least 50% of the aggregate voting
power of all classes of Voting Stock of the Issuer, directly or indirectly, other than in a transaction in which the Issuer becomes
a Wholly Owned Subsidiary of another Person and in such transaction the Voting Stock of the Issuer outstanding immediately prior
to such transaction is converted into or exchanged for Voting Stock of such Person representing more than 50% of the voting power
of all classes of Voting Stock of such Person immediately after giving effect to such transaction; or

 

(2)            the
sale, assignment, conveyance, transfer, lease or other Disposition, in one or a series of related transactions, of all or substantially
all of the assets of the Issuer and its Restricted Subsidiaries taken as a whole to any “person” (as such term is
used in Sections 13(d) and 14(d) of the Exchange Act) other than a Restricted Subsidiary.

 

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Notwithstanding the
foregoing, a transaction effected to create a holding company of the Issuer (a) pursuant to which the Issuer becomes a Wholly
Owned Subsidiary of such holding company and (b) as a result of which the holders of Capital Stock of such holding company
are substantially the same as the holders of Capital Stock of the Issuer immediately prior to such transaction, shall not be deemed
to involve a “Change of Control”; provided that following such a holding company transaction, references in
this definition of “Change of Control” to the Issuer shall thereafter be treated as references to such holding company.

 

“Consolidated
EBITDA” means, for any period, Consolidated Net Income for such period plus, without duplication and to the extent reflected
as a charge in the statement of such Consolidated Net Income for such period, the sum of:

 

(1)             provisions
for taxes based on income or profits or capital, including state, franchise, excise and similar taxes and foreign withholding
taxes paid or accrued, including penalties and interest relating to tax examinations,

 

(2)             interest
expense, amortization or writeoff of debt discount and debt issuance costs and commissions, discounts and other fees and charges
associated with Debt (including the Notes and the Debt pursuant to the Senior Credit Facilities),

 

(3)             depreciation
and amortization expense, including amortization of capitalized expenses for software-as-a-service solutions for accounting,

 

(4)             non-cash
charges, losses, expenses, accruals and provisions, including stock-based compensation and sale of assets not in the ordinary
course of business (but excluding any such non-cash charge to the extent that it represents an accrual or reserve for cash expenses
in any future period),

 

(5)             amortization
of intangibles (including, but not limited to, impairment of goodwill) and organization costs,

 

(6)             any
extraordinary, unusual or non-recurring charges, expenses or losses, including (i) legal settlement expenses and recoveries,
(ii) non-recurring natural disaster related-charges and (iii) infrequent or unusual inventory adjustments,

 

(7)             any
fees and expenses incurred during such period in connection with any Investment, Disposition, issuance of Debt or Capital Stock,
or amendment or modification of any debt instrument, in each case permitted under this Indenture, including (i) any such
transactions undertaken but not completed and any transactions consummated prior to the Issue Date and (ii) any financial
advisory fees, accounting fees, legal fees and other similar advisory and consulting fees, in each case paid in cash during such
period (collectively, “Advisory Fees”),

 

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(8)             any
fees and expenses incurred in connection with the Transactions, including Advisory Fees and (solely for purposes of this clause
(8)) cash charges or expenses in respect of strategic market reviews, stay or sign-on bonuses, integration-related bonuses, restructuring,
consolidation, severance or discontinuance of any portion of operations, employees and/or management,

 

(9)             the
amount of “run-rate” cost savings, operating expense reductions, operating improvements, revenue enhancements, business
optimizations and synergies that are reasonably identifiable, factually supportable and projected by the Issuer in good faith
to be realized as a result of mergers and other business combinations, acquisitions, divestitures, insourcing initiatives, cost
savings initiatives, plant consolidations, openings and closings, product rationalization and other similar initiatives after
the Issue Date, in each case to the extent not prohibited by this Indenture (collectively, “Initiatives”) (calculated
on a pro forma basis as though such cost savings, operating expense reductions, operating improvements, revenue enhancements,
business optimizations and synergies had been realized on the first day of the relevant Reference Period), net of the amount of
actual benefits realized in respect thereof; provided that (i) actions in respect of such cost-savings, operating expense
reductions, operating improvements, revenue enhancements, business optimizations and synergies have been, or will be, taken within
12 months of the applicable Initiative, (ii) no cost savings, operating expense reductions, operating improvements, revenue
enhancements, business optimizations or synergies shall be added pursuant to this clause (9) to the extent duplicative of
any expenses or charges otherwise added to (or excluded from) Consolidated EBITDA, whether through a pro forma adjustment or otherwise,
for such period, (iii) projected amounts (and not yet realized) may no longer be added in calculating Consolidated EBITDA
pursuant to this clause (9) to the extent occurring more than eight fiscal quarters after the applicable Initiative and (iv) with
respect to any Reference Period, the aggregate amount added back in the calculation of Consolidated EBITDA for such Reference
Period pursuant to this clause (9) and clause (10) below shall not exceed 25% of Consolidated EBITDA (calculated after
giving effect to any add-backs pursuant to this clause (9) and clause (10) below),

 

(10)            non-recurring
cash expenses or charges recognized for restructuring costs, integration costs and business optimization expenses in connection
with any Initiative; provided that with respect to any Reference Period, the aggregate amount added back in the calculation of
Consolidated EBITDA for such Reference Period pursuant to this clause (10) and clause (9) above shall not exceed 25%
of Consolidated EBITDA (calculated after giving effect to any add-backs pursuant to this clause (10) and clause (9) above),

 

(11)            fees,
costs, expenses and charges associated with contract terminations; provided that with respect to any Reference Period,
the aggregate amount added back in the calculation of Consolidated EBITDA for such Reference Period pursuant to this clause (11)
shall not exceed 5% of Consolidated EBITDA (calculated after giving effect to any add-backs pursuant to this clause (11)),

 

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(12)            losses,
charges and expenses related to the early extinguishment of Debt, hedge agreements or other derivative instruments (including
deferred financing fees),

 

(13)            losses,
charges and expenses attributable to abandoned, closed, Disposed or discontinued operations and losses, charges and expenses related
to the abandonment, closure, Disposal or discontinuation thereof,

 

(14)            charges,
expenses and other items in connection with the Merger identified in that certain model delivered by the Company to the arrangers
under the Term Loan Facility on December 14, 2020, and

 

(15)            legal
and professional fees and expenses incurred in connection with the Transactions,

 

minus,

 

(x)            to
the extent included in the statement of such Consolidated Net Income for such period, the sum of:

 

(i)             interest
income,

 

(ii)             any
extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise includable as a separate item in
the statement of such Consolidated Net Income for such period, gains on the sales of assets outside of the ordinary course of
business),

 

(iii)            income
tax credits (to the extent not netted from income tax expense),

 

(iv)            any
other non-cash income (other than normal accruals in the ordinary course of business for non-cash income that represents an accrual
for cash income in a future period),

 

(v)            gains
related to the early extinguishment of Debt, hedge agreements or other derivative instruments (including deferred financing fees),
and

 

(vi)           gains
attributable to abandoned, closed, Disposed or discontinued operations, and

 

(y)           any
cash payments made during such period in respect of items described in clause (4) above subsequent to the fiscal quarter
in which the relevant non-cash expenses or losses were reflected as a charge in the statement of Consolidated Net Income, all
as determined on a consolidated basis.

 

“Consolidated
Fixed Charges” means for any period the sum (without duplication) of (a) Consolidated Interest Expense for such
period, (b) regularly scheduled principal payments (other than payments at maturity) made during such period on account of
principal of Debt of the types described in clauses (1), (2) and (3) of the definition of “Permitted Debt”
of the Issuer or any Restricted Subsidiary to a third party, (c) Restricted Payments made in cash during such period and
(d) Finance Lease Obligation payments and other rent expenses paid in cash during such period, all calculated for the Issuer
and its Restricted Subsidiaries on a consolidated basis and, to the extent applicable, in accordance with GAAP.

 

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Consolidated Fixed
Charges shall be adjusted to give effect on a pro forma basis to any Debt that has been Incurred, repaid or redeemed by the Issuer
or any Restricted Subsidiary (other than revolving credit borrowings Incurred for working capital purposes unless, in connection
with any such repayment, the commitments to lend associated with such revolving credit borrowings are permanently reduced or canceled)
since the beginning of such period and to any Debt that is proposed to be Incurred, repaid or redeemed by the Issuer or any Restricted
Subsidiary as if in each case such Debt had been Incurred, repaid or redeemed on the first day of such period; provided,
however, that in making such computation, the Consolidated Fixed Charges attributable to interest on any proposed Debt
bearing a floating interest rate shall be computed on a pro forma basis as if the rate in effect on the date of computation had
been the applicable rate for the entire period.

 

“Consolidated
Interest Expense” means, for any period, (i) total cash interest expense (including imputed interest expense attributable
to payments of Finance Lease Obligations) of the Issuer and its Restricted Subsidiaries for such period with respect to all outstanding
Debt of the Issuer and its Restricted Subsidiaries constituting Debt of the types described in clauses (1), (2) and (3) of
the definition of “Permitted Debt” (excluding all commissions, discounts and other fees and charges owed with respect
to letters of credit and bankers’ acceptance financing and net costs under Swap Agreements in respect of interest rates
to the extent such net costs are allocable to such period in accordance with GAAP) plus (ii) commissions, discounts, yield
and other fees and charges (including Securitization Fees) incurred in connection with any Qualified Securitization Transaction
which are payable to Persons other than the Issuer and its Restricted Subsidiaries.

 

“Consolidated
Net Income” means, for any period, the consolidated net income (or loss) of the Issuer and its Restricted Subsidiaries,
determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded:

 

(1)             the
income (or deficit) of any Person accrued prior to the date it becomes a Restricted Subsidiary of the Issuer or is merged into
or consolidated with the Issuer or any of its Restricted Subsidiaries;

 

(2)             the
income (or deficit) of any Person (other than a Restricted Subsidiary of the Issuer) in which the Issuer or any of its Restricted
Subsidiaries has an ownership interest, except to the extent that any such income is actually received by the Issuer or such Restricted
Subsidiary in the form of dividends or similar distributions;

 

(3)             the
undistributed earnings of any Restricted Subsidiary (other than a Securitization Subsidiary) of the Issuer to the extent that
the declaration or payment of dividends or similar distributions by such Restricted Subsidiary is prohibited or restricted by
applicable law, rule or regulation or by any contractual obligation (other than under any Note Document);

 

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(4)             any
income (or loss) for such period attributable to the early extinguishment of Debt or Swap Obligations; and

 

(e)            the
cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies
during such period.

 

“Consolidated
Total Assets” means, as of any date of determination, the total assets reflected on the most recent internally available
annual or quarterly consolidated balance sheet of the Issuer and its Restricted Subsidiaries prepared in accordance with GAAP
(and, in the case of any determination related to the incurrence of Debt or Liens or any Investment, on a pro forma basis including
any property or assets being acquired in connection therewith).

 

“Corporate
Trust Office” means the offices of the Trustee at which at any time its corporate trust business related to this Indenture
shall be principally administered, which office as of the date hereof, is located at 2713 Forest Hills Road, Building 2, Wilson,
North Carolina 27893, Attention: Gregory Yanok, or such other address as the Trustee may designate from time to time by notice
to the Holders and the Issuer, or the corporate trust office of any successor trustee (or such other address as such successor
trustee may designate from time to time by notice to the Holders and the Issuer).

 

“Debt”
means (without duplication), with respect to any Person, whether recourse is to all or a portion of the assets of such Person
and whether or not contingent:

 

(1)             all
indebtedness of such Person for borrowed money;

 

(2)             all
obligations of such Person for the deferred purchase price of property or services;

 

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

 

(4)             all
indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired
by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited
to repossession or sale of such property);

 

(5)             all
Finance Lease Obligations of such Person;

 

(6)             all
obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters
of credit, surety bonds or similar arrangements;

 

(7)             the
liquidation value of all Redeemable Stock of such Person;

 

(8)             all
Guarantees of such Person in respect of obligations of the kind referred to in clauses (1) through (7) above;

 

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(9)             all
obligations of the kind referred to in clauses (1) through (8) above secured by (or for which the holder of such obligation
has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights)
owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation (but only to
the extent of the lesser of (i) the amount of such Debt and (ii) the fair market value of such property); and

 

(10)           solely
for purposes of clause (5) under Section 6.1 all obligations of such Person in respect of Swap Agreements.

 

Notwithstanding the
foregoing, “Debt” shall not include (i) trade payable and accrued expenses incurred in the ordinary course of
business and not more than 120 days overdue, (ii) ordinary course intercompany liabilities having a term not exceeding 365
days (inclusive of any roll-over or extension of terms) or any other ordinary course intercompany liabilities not constituting
Debt of the types described in clauses (1) and (3) above, (iii) prepaid or deferred revenue arising in the ordinary
course of business, (iv) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the
purchase price of an asset to satisfy unperformed obligations of the seller of such assets, (v) deferred compensation payable
to employees, officers and directors and (vi) any earn-out obligation until such obligation becomes a liability on the balance
sheet of such Person in accordance with GAAP. The Debt of any Person shall include the Debt of any other entity (including any
partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s
ownership interest in or other relationship with such entity, except to the extent the terms of such Debt expressly provide that
such Person is not liable therefor. Any Debt for which proceeds have been escrowed or otherwise deposited to repay, defease, redeem
or satisfy and discharge such Debt shall not be deemed outstanding.

 

“Debt Facilities”
means one or more credit facilities, debt facilities, securities purchase agreements, indentures, commercial paper facilities
or similar agreements (including, without limitation, the Senior Credit Facilities), in each case with banks or other financial
institutions or lenders or investors, providing for revolving credit loans, term loans, private placements, debt securities, receivables
financings (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such
lenders against such receivables), letters of credit or letter of credit guarantees or other debt financing, including any related
notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, in each case, as amended,
restated, modified, supplemented, extended, renewed, refunded, replaced or refinanced (including, for the avoidance of doubt,
amounts Incurred in reliance on Section 4.9(b)(1)) in whole or in part from time to time.

 

“Default”
means any of the events described in Section 6.1 which with the passage of time or the giving of notice or any other condition
would constitute an Event of Default.

 

“Depositary”
means with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.3
as the Depositary with respect to the Global Notes, and any and all successors thereto appointed as depositary hereunder and having
become such pursuant to the applicable provision of this Indenture.

 

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“Designated
Noncash Consideration” means the Fair Market Value of non-cash consideration received by the Issuer or any of its Restricted
Subsidiaries in connection with an Asset Disposition that is so designated in good faith by senior management of the Issuer. The
aggregate Fair Market Value of the Designated Noncash Consideration, taken together with the Fair Market Value at the time of
receipt of all other Designated Noncash Consideration received, shall not exceed, at any one time outstanding, the greater of
(x) $25.0 million and (y) 5.0% of Consolidated EBITDA for the most recently ended Reference Period determined at the
time of such Asset Disposition (with the Fair Market Value being measured at the time received and without giving effect to subsequent
changes in value).

 

“Disinterested
Director” means, with respect to any transaction or series of related transactions, a member of the Board of Directors
of the Issuer who does not have any material direct or indirect financial interest in or with respect to such transaction or series
of transactions.

 

“Disposition”
means with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other disposition
(in one transaction or in a series of related transactions) of any property by any Person (including any issuance of Capital Stock
by a Subsidiary of such Person), including any sale, assignment, transfer or other disposal, with or without recourse, of any
notes or accounts receivable or any rights and claims associated therewith. The terms “Dispose” and “Disposed
of” shall have correlative meanings.

 

“Domestic
Subsidiary” means any Restricted Subsidiary of the Issuer organized under the laws of any jurisdiction within the United
States.

 

“DTC”
means The Depository Trust Company and any successor.

 

“Equity Offering”
means an offering of Capital Stock (other than Redeemable Stock) of the Issuer that results in aggregate net cash proceeds to
the Issuer, other than (1) public offerings registered on Form S-4 or S-8 or successor form thereto, (2) an issuance
to any Subsidiary and (3) any such public or private sale that constitutes an Excluded Contribution.

 

“Escrow Issuer”
means Radiant Funding SPV, LLC, a Delaware limited liability company.

 

“Escrow Merger”
means, after the consummation of the Merger, the merger of the Escrow Issuer with and into the Company, with the Company continuing
as the surviving entity.

 

“Excluded
Contributions” means the net cash proceeds and Cash Equivalents, or the Fair Market Value of other assets, received
by the Issuer after the Issue Date from (1) contributions to its common equity capital and (2) the sale of Capital Stock
(other than Excluded Equity) of the Issuer, in each case designated as Excluded Contributions pursuant to an Officer’s Certificate.
Excluded Contributions will be excluded from the calculation set forth in Section 4.7(a)(iii).

 

“Excluded
Equity” means (i) Redeemable Stock, (ii) any Capital Stock issued or sold to a Restricted Subsidiary or any
employee stock ownership plan or trust established by the Issuer or any of its Subsidiaries (to the extent such employee stock
ownership plan or trust has been funded by the Issuer or any Subsidiary) and (iii) any Capital Stock that has already been
used or designated (x) as (or the proceeds of which have been used or designated as) a Cash Contribution Amount or an Excluded
Contribution or (y) to increase the amount available under clause (9) of the definition of “Permitted Investments.”

 

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

 

“Fair Market
Value” means, with respect to any asset or property, the sale value that would be obtained in an arm’s-length
free market transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under
no compulsion to buy, determined in good faith by senior management or the Board of Directors of the Issuer, whose determination
will be conclusive for all purposes under this Indenture.

 

“Finance
Lease Obligations” means as to any Person, the obligations of such Person to pay rent or other amounts under any lease
of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are
required to be classified and accounted for as finance leases on a balance sheet of such Person under GAAP and, for the purposes
of this Indenture, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined
in accordance with GAAP.

 

“Fitch”
means Fitch, Inc. and any successor to its rating agency business.

 

“Fixed Charge
Coverage Ratio” means for any period, the ratio of (1) Consolidated EBITDA for such period to (2) the Consolidated
Fixed Charges for such period on a pro forma basis. In the event that the Issuer or any of its Restricted Subsidiaries Incurs
or redeems or repays any Debt subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being
calculated but prior to or simultaneously with the event for which the calculation of the Fixed Charge Coverage Ratio is made,
then the Fixed Charge Coverage Ratio shall be calculated on a pro forma basis; provided that, in the event that the Issuer
shall classify Debt Incurred on the date of determination as Incurred in part as Ratio Debt and in part pursuant to one or more
clauses of the definition of “Permitted Debt” as provided in Section 4.9(c), any calculation of Consolidated
Fixed Charges pursuant to this definition on such date (but not in respect of any future calculation following such date) shall
not include any such Debt (and shall not give effect to any repayment, repurchase, redemption, defeasance or other acquisition,
retirement or discharge of Debt from the proceeds thereof) to the extent Incurred pursuant to any such other clause of such definition.

 

“Foreign
Subsidiary” means any Restricted Subsidiary of the Issuer that is not a Domestic Subsidiary.

 

“GAAP”
means accounting principles generally accepted in the United States set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and statements, and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of
the accounting profession, that are applicable to the circumstances as of the date of determination, consistently applied.

 

“Global Note
Legend” means the legend identified as such in Exhibit A.

 

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“Global Notes”
means the Notes that are in the form of Exhibit A issued in global form and registered in the name of the Depositary
or its nominee.

 

“Guarantee”
by any Person means any obligation, contingent or otherwise, of such Person guaranteeing, or having the economic effect of guaranteeing,
any Debt of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including,
without limitation, any obligation of such Person:

 

(1)            to
purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or to purchase (or to advance or supply
funds for the purchase of) any security for the payment of such Debt;

 

(2)            to
purchase property, securities or services for the purpose of assuring the holder of such Debt of the payment of such Debt; or

 

(3)            to
maintain working capital, equity capital or other financial statement condition or liquidity of the primary obligor so as to enable
the primary obligor to pay such Debt (and “Guaranteed,” “Guaranteeing” and “Guarantor”
shall have meanings correlative to the foregoing);

 

provided,
however, that the Guarantee by any Person shall not include endorsements by such Person for collection or deposit, in either
case, in the ordinary course of business.

 

“Holder”
means a Person in whose name a Note is registered on the Registrar’s books.

 

“IAI”
means an investor constituting an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or
(7) under the Securities Act.

 

“Incur”
means, with respect to any Debt or other obligation of any Person, to create, issue, incur (by conversion, exchange or otherwise),
assume, Guarantee or otherwise become liable in respect of such Debt or other obligation including by acquisition of Subsidiaries
or the recording, as required pursuant to GAAP or otherwise, of any such Debt or other obligation on the balance sheet of such
Person (and “Incurrence,” “Incurred” and “Incurring” shall have meanings
correlative to the foregoing); provided, however, that a change in GAAP that results in an obligation of such Person
that exists at such time becoming Debt shall not be deemed an Incurrence of such Debt.

 

“Indenture”
means this Indenture, as amended or supplemented from time to time.

 

“Insurance
Subsidiary” means Legacy Insurance Co., Ltd., a Bermuda company and a Wholly Owned Subsidiary of the Company formed
for the sole purpose of writing insurance only for the risks of the Company and its Subsidiaries.

 

“Interest
Rate, Currency or Commodity Price Agreement” of any Person means (i) any forward contract, futures contract, swap,
option, credit derivative transactions, forward rate transactions, foreign exchange transactions or other financial agreement
or arrangement (including, without limitation, caps, floors, collars spot contracts and similar agreements) relating to, or the
value of which is dependent upon, interest rates, currency exchange rates or commodity prices or indices (excluding contracts
for the purchase or sale of goods in the ordinary course of business) and (ii) any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published
by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement or any
other master agreement.

 

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“Investment”
by any Person means any direct or indirect loan, advance or other extension of credit or capital contribution (by means of transfers
of cash or other property (other than Capital Stock that is neither Redeemable Stock nor Preferred Stock of a Restricted Subsidiary)
to others or payments for property or services for the account or use of others, or otherwise) to, or purchase or acquisition of
Capital Stock, bonds, notes, debentures or other securities or evidence of Debt issued by, any other Person, including any Guarantee
of any obligation of such other Person, but shall not include:

 

(1)            trade
accounts receivable in the ordinary course of business;

 

(2)            any
Permitted Interest Rate, Currency or Commodity Price Agreement; and

 

(3)            endorsements
of negotiable instruments and documents in the ordinary course of business.

 

“Investment
Grade Rating” means a rating equal to or higher than:

 

(1)            Baa3
(or the equivalent) by Moody’s;

 

(2)            BBB-
(or the equivalent) by S&P; or

 

(3)            BBB-
(or the equivalent) by Fitch;

 

or, if any such entity ceases to rate the
Notes for reasons outside of the Issuer’s control, the equivalent investment grade credit rating from any other Rating Agency.

 

“Issue Date”
means February 17, 2021.

 

“Issuer”
means (a) prior to the occurrence of the Escrow Merger, the Escrow Issuer and (b) after the Escrow Merger, the Company
by executing a supplemental indenture in substantially the form attached hereto as Exhibit B-1.

 

“Lien”
means, with respect to any property or assets, any mortgage or deed of trust, pledge, hypothecation, assignment, deposit arrangement,
security interest, lien (statutory or otherwise), charge, easement (other than any easement not materially impairing usefulness
or marketability), encumbrance, preference, priority or other security agreement or preferential arrangement of any kind or nature
whatsoever on or with respect to such property or assets (including, without limitation, any sale and leaseback arrangement, conditional
sale or other title retention agreement having substantially the same economic effect as any of the foregoing); provided
that a “Lien” as defined herein shall not include any license, sublicense or similar right with respect to intellectual
property.

 

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“Limited Condition
Transaction” means (1) any Investment or acquisition (whether by merger, consolidation or otherwise) whose consummation
is not conditioned on the availability of, or on obtaining, third-party financing (it being understood that a “marketing
period” or similar concept is not a financing condition), (2) any redemption, repurchase, defeasance, satisfaction and
discharge or repayment of Debt requiring irrevocable notice in advance of such redemption, repurchase, defeasance, satisfaction
and discharge or repayment and (3) any dividends or distributions on, or redemptions of, Capital Stock requiring irrevocable
notice in advance thereof.

 

“Market Capitalization”
means an amount equal to (i) the total number of issued and outstanding shares of common stock of the Company on the date
of the declaration of a Restricted Payment multiplied by (ii) the arithmetic mean of the closing prices per share of such
common stock on the principal securities exchange on which such common stock is traded for the 20 consecutive trading days immediately
preceding the date of declaration of such Restricted Payment.

 

“Merger”
means the merger of a Wholly Owned Subsidiary of the Company with and into Acima Holdings, LLC, with Acima Holdings, LLC surviving
as a Wholly Owned Subsidiary of the Company, pursuant to the Merger Agreement.

 

“Merger Agreement”
means that certain agreement and plan of merger, including all exhibits and schedules thereto, dated as of December 20, 2020,
by and among the Company, the Escrow Issuer, Acima Holdings, LLC and Aaron Allred, as the member representative, and all side letters
and other agreements related thereto, in each case, if applicable, as amended up to and including the Merger Closing Date.

 

“Merger Closing
Date” means the date of the consummation of the Merger.

 

“Mexico Operations”
means the operations in Mexico of the Issuer and its Subsidiaries.

 

“Moody’s”
means Moody’s Investors Service, Inc. and any successor to its rating agency business.

 

“Net Available
Cash Proceeds” from any Asset Disposition by any Person means cash or Cash Equivalents received (including by way of
sale or discounting of a note, installment receivable, purchase price adjustment receivable or other receivable) therefrom by such
Person, net of:

 

(1)            all
legal, title and recording tax expenses, commissions and other fees and expenses Incurred (including, without limitation, attorneys’
fees, accountants’ fees, investment banking fees, auditor fees, printer fees, SEC filing fees, brokerage fees) and all federal,
state, foreign and local taxes paid or reasonably estimated to be accrued as a liability as a consequence of such Asset Disposition
including (in connection with any Asset Disposition by a Foreign Subsidiary) any taxes paid or reasonably estimated to be payable
as a result of the repatriation of such proceeds to the Issuer, any reserve established in accordance with GAAP (provided that
upon release of any such reserve, the amount released shall be considered Net Available Cash Proceeds);

 

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(2)            all
payments made or required to be applied by such Person or its Restricted Subsidiaries on any Debt which is secured by such assets
in accordance with the terms of any Lien upon, or with respect to, such assets or which must by the terms of such Lien, or in order
to obtain a necessary consent to such Asset Disposition or by applicable law, be repaid out of the proceeds from such Asset Disposition;

 

(3)             all
distributions and other payments made to minority interest holders in Restricted Subsidiaries of such Person or joint ventures
as a result of such Asset Disposition; and

 

(4)            appropriate
amounts to be provided by such Person or any Restricted Subsidiary thereof, as the case may be, as a reserve in accordance with
GAAP against any liabilities associated with such assets and retained by such Person or any Restricted Subsidiary thereof, as the
case may be, after such Asset Disposition, including, without limitation, liabilities under any indemnification obligations and
severance and other employee termination costs, any payment amount required to be paid by law, rule or regulation upon receipt
to a third party related to the transaction (including to labor unions, work councils and environmental trusts), associated with
such Asset Disposition, in each case as determined in good faith by senior management of the Issuer.

 

“Note Custodian”
means the Person appointed as custodian for the Depositary with respect to the Global Notes, or any successor entity thereto.

 

“Notes”
means the Initial Notes and any Additional Notes. The Initial Notes and the Additional Notes, if any, shall be treated as a single
class for all purposes under this Indenture; provided that, for the avoidance of doubt, any Additional Notes that are not
fungible with the existing Notes for U.S. federal income tax purposes shall have one or more separate CUSIP and ISIN numbers.

 

“Offer to
Purchase” means a written offer (the “Offer”) sent by the Issuer by first class mail, postage prepaid,
to each Holder at such Holder’s address appearing in the security register or, with respect to Global Notes, given in accordance
with DTC procedures (with a copy to the Trustee) on the date of the Offer offering to purchase up to the principal amount of Notes
specified in such Offer at the purchase price specified in such Offer (as determined pursuant to this Indenture). Unless otherwise
required by applicable law, the Offer shall specify an expiration date (the “Offer Expiration Date”) of the
Offer to Purchase which shall be, subject to any contrary requirements of applicable law, not less than ten days or more than 60
days after the date of such Offer and a settlement date (the “Purchase Date”) for purchase of Notes within three
Business Days after the Offer Expiration Date. The Offer shall contain a description of the events requiring the Issuer to make
the Offer to Purchase and all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Offer
to Purchase. The Offer shall also state:

 

(1)            the
section of this Indenture pursuant to which the Offer to Purchase is being made;

 

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(2)             the
Offer Expiration Date and the Purchase Date and, if such Offer is made in advance of a Change of Control and conditioned upon
the occurrence of a Change of Control, that the Offer is conditioned upon the occurrence of a Change of Control;

 

(3)             the
aggregate principal amount of the outstanding Notes offered to be purchased by the Issuer pursuant to the Offer to Purchase (including,
if less than 100%, the manner by which such amount has been determined pursuant to the section of this Indenture requiring the
Offer to Purchase) (the “Purchase Amount”);

 

(4)             the
purchase price to be paid by the Issuer for each $1,000 aggregate principal amount of Notes accepted for payment (as specified
pursuant to this Indenture) (the “Purchase Price”);

 

(5)             that
the Holder may tender all or any portion of the Notes registered in the name of such Holder and that any portion of a Note tendered
must be tendered in an integral multiple of $1,000 principal amount;

 

(6)             the
place or places where Notes are to be surrendered for tender pursuant to the Offer to Purchase;

 

(7)             that
interest on any Note not tendered or tendered but not purchased by the Issuer pursuant to the Offer to Purchase will continue
to accrue;

 

(8)             that
on the Purchase Date the Purchase Price will become due and payable upon each Note being accepted for payment pursuant to the
Offer to Purchase and that interest thereon shall cease to accrue on and after the Purchase Date;

 

(9)             that
each Holder electing to tender a Note pursuant to the Offer to Purchase will be required to surrender such Note at the place or
places specified in the Offer prior to the close of business on the Offer Expiration Date (such Note being, if the Issuer or the
Trustee so requires, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Issuer and
the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing);

 

(10)           that
Holders will be entitled to withdraw all or any portion of Notes tendered if the Issuer (or its Paying Agent) receives, not later
than the close of business on the Offer Expiration Date, a telegram, telex, facsimile transmission or letter, or otherwise complies
with the procedures of the Depositary, setting forth the name of the Holder, the principal amount of the Note or Notes the Holder
tendered, the certificate number or numbers of the Note or Notes the Holder tendered and a statement that such Holder is withdrawing
all or a portion of his tender;

 

(11)           that
(a) if Notes in an aggregate principal amount less than or equal to the Purchase Amount are duly tendered and not withdrawn
pursuant to the Offer to Purchase, the Issuer shall purchase all such Notes and (b) if Notes in an aggregate principal amount
in excess of the Purchase Amount are tendered and not withdrawn pursuant to the Offer to Purchase, the Issuer shall purchase Notes
having an aggregate principal amount equal to the Purchase Amount on a pro rata basis (with such adjustments as may be deemed
appropriate so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof shall be purchased);
and

 

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(12)           that
in the case of any Holder whose Note is purchased only in part, the Issuer shall execute, and the Trustee shall authenticate and
deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized denomination as requested by
such Holder, in an aggregate principal amount equal to and in exchange for the unpurchased portion of the Note so tendered.

 

If any of the Notes
subject to an Offer to Purchase is in global form, then the Offer shall be modified by the Issuer to the extent necessary to comply
with the procedures of the Depositary applicable to repurchases. Any Offer to Purchase shall be governed by and effected in accordance
with the Offer for such Offer to Purchase.

 

“Offering
Memorandum” means the offering memorandum, dated February 4, 2021, relating to the offer and sale of the Initial
Notes.

 

“Officer”
means the Chairman of the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the President, any Executive
Vice President, Senior Vice President or Vice President, the Treasurer, the Controller or the Secretary of the Issuer or of any
other Person, as the case may be, or in the event that the Issuer or such Person is a partnership or a limited liability company
that has no such officers, a person duly authorized under applicable law by the general partner, managers, members or a similar
body to act on behalf of the Issuer or such Person.

 

“Officer’s
Certificate” means a certificate signed on behalf of the Issuer by an Officer of the Issuer or on behalf of any other
Person by an Officer of such Person, as the case may be, that meets the requirements of Section 11.3.

 

“Opinion of
Counsel” means a written opinion from legal counsel reasonably acceptable to the Trustee. The counsel may be an employee
of, or counsel to, the Issuer or any direct or indirect parent thereof or the Trustee.

 

“Pari Passu
Debt” means Debt of the Issuer or a Subsidiary Guarantor that is pari passu in right of payment with the Notes,
in the case of the Issuer, or the Subsidiary Guarantees, in the case of any Subsidiary Guarantor. For the purposes of this definition,
no Debt will be considered to be senior by virtue of being secured on a first or junior priority basis.

 

“Participant”
means, with respect to the Depositary, a Person who has an account with the Depositary.

 

“Paying Agent”
means any Person authorized by the Issuer to pay the principal of, premium, if any, or interest on any Notes on behalf of the Issuer.

 

“Permitted
Acquisition Debt” means Debt of the Issuer or any of the Restricted Subsidiaries to the extent that:

 

(1)            such
Debt consists of Debt of an acquired Person that was outstanding prior to the date on which such Person became a Restricted Subsidiary
as a result of having been acquired, or assets were acquired from such Person, by the Issuer or a Restricted Subsidiary or assets
were acquired from such Person and any Debt Incurred, including by the Issuer or any Restricted Subsidiary, in contemplation of
such acquisition; or

 

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(2)            such
Debt consists of Debt of a Person that was outstanding prior to the date on which such Person was merged, consolidated or amalgamated
with or into the Issuer or a Restricted Subsidiary and any Debt Incurred, including by the Issuer or any Restricted Subsidiary,
in contemplation of such merger, consolidation or amalgamation;

 

provided
that on the date such Person became a Restricted Subsidiary or the date such Person was merged, consolidated and amalgamated with
or into the Company or a Restricted Subsidiary, as applicable, after giving pro forma effect thereto:

 

(a)            the
Issuer would be permitted to Incur at least $1.00 of additional Debt pursuant to Section 4.9(a);

 

(b)            the
Fixed Charge Coverage Ratio of the Issuer would be equal to or greater than immediately prior to giving effect to such transaction;
or

 

(c)            the
aggregate outstanding principal amount of such Debt does not exceed, at any one time outstanding, the greater of (x) $25.0
million and (y) 5.0% of Consolidated EBITDA for the most recently ended Reference Period.

 

“Permitted
Interest Rate, Currency or Commodity Price Agreement” of any Person means any Interest Rate, Currency or Commodity Price
Agreement entered into in order to manage existing or anticipated interest rate, exchange rate or commodity price risks and not
for speculative purposes.

 

“Permitted
Investments” means:

 

(1)            any
Investment in the Issuer or a Restricted Subsidiary or a Person or assets that will become or be merged into or consolidated with
a Restricted Subsidiary as a result of such Investment, and any Investment held by a Person at the time it is acquired by or merged
into the Issuer or a Restricted Subsidiary;

 

(2)             any
Investment in cash and Cash Equivalents, or investments in Permitted Interest Rate, Currency or Commodity Price Agreements;

 

(3)             promissory
notes and any other non-cash consideration received in connection with an Asset Disposition (or a disposition excluded from the
definition of Asset Disposition) that was made in compliance with Section 4.10;

 

(4)             prepaid
expenses advanced to employees, officers or managers in the ordinary course of business or other loans or advances to employees,
officers or managers in the ordinary course of business not to exceed $5.0 million in the aggregate at any one time outstanding;

 

(5)             guarantees
of Debt made in compliance with Section 4.9;

 

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(6)             any
Investment existing on the Issue Date or made pursuant to binding commitments in effect on the Issue Date or an Investment consisting
of any extension, modification or renewal of any Investment existing on the Issue Date; provided that the amount of any such Investment
may only be increased pursuant to this clause (6) to the extent required by the terms of such Investment as in existence
on the Issue Date or as otherwise permitted under this Indenture;

 

(7)             Investments
acquired with the net cash proceeds received by the Issuer after the Issue Date from the issuance and sale of Capital Stock (other
than Redeemable Stock) or made in exchange for Capital Stock (other than Redeemable Stock or Preferred Stock); provided
that the amount of all such net cash proceeds will be excluded from clause (iii)(2) of Section 4.7(a);

 

(8)             any
Investment solely in exchange for the issuance of Capital Stock (other than Redeemable Stock) of the Issuer;

 

(9)             deposits
made in the ordinary course of business to secure the performance of leases or other obligations as permitted by Section 4.12;

 

(10)           purchases
of assets in the ordinary course of business;

 

(11)           receivables
owing to the Issuer or any of its Subsidiaries or any advances to suppliers, in each case if created, acquired or made in the
ordinary course of business and payable or dischargeable in accordance with customary trade terms;

 

(12)           Investments
(including debt obligations) received in connection with the bankruptcy or reorganization of suppliers and customers and in settlement
of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business;

 

(13)           any
other Investment; provided that, immediately before and immediately after giving pro forma effect to the making of any such Investment
and any Debt Incurred in connection therewith, (x) no Default or Event of Default shall have occurred and be continuing and
(y) the Total Net Leverage Ratio of the Issuer would not exceed 2.75 to 1.00;

 

(14)           any
Investment in an Unrestricted Subsidiary which, together with any other outstanding Investment made pursuant to this clause (14),
does not exceed, at any one time outstanding, the greater of (x) $25.0 million and (y) 5.0% of Consolidated EBITDA for
the most recently ended Reference Period at the time of such Investment;

 

(15)           any
transaction to the extent it constitutes an Investment that is permitted and made in accordance with the provisions of Section 4.11(b) (other
than clauses (4), (8) or (11) thereof);

 

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(16)           any
other Investment that, when taken together with all other Investments made pursuant to this clause (16) since the Issue Date and
outstanding on the date such Investment is made, does not exceed, at any one time outstanding, the greater of (x) $75.0 million
and (y) 15.0% of the Consolidated EBITDA for the most recently ended Reference Period at the time of such Investment;

 

(17)           Investments
in joint ventures of the Issuer or any of its Restricted Subsidiaries in an aggregate amount, taken together with all other Investments
made pursuant to this clause (17) since the Issue Date and outstanding on the date such Investment is made, not to exceed the
greater of (x) $75.0 million and (y) 15.0% of Consolidated EBITDA for the most recently ended Reference Period at the
time of such Investment;

 

(18)           Investments
made to consummate the Transactions;

 

(19)           Investments
made to effect the pledges and deposits described in, and permitted under clause (10) of the definition of “Permitted
Liens”;

 

(20)           customary
Investments by the Issuer or any Restricted Subsidiary in any Securitization Subsidiary in connection with a Qualified Securitization
Transaction, including pursuant to Standard Securitization Undertakings;

 

(21)           Investments
made in the Insurance Subsidiary (i) to the extent required to meet regulatory capital guidelines, policies or rules in
an amount not exceed $35.0 million in the aggregate at any one time outstanding and (ii) in amounts not to exceed, in any
fiscal year of the Issuer, the lesser of (x) $75.0 million and (y) the amount that will appear as an expense for self-insurance
costs on the Issuer’s consolidated income statement;

 

(22)           Investments
in the Insurance Subsidiary consisting of the contribution of common stock of the Issuer and Investments by the Insurance Subsidiary
in the common stock of the Issuer;

 

(23)           Investments
by the Insurance Subsidiary in Debt of the Issuer and any Restricted Subsidiary permitted by clause (23) of the definition of
 “Permitted Debt”; and

 

(24)           Investments
by the Issuer in the Insurance Subsidiary in connection with the repurchase of the Issuer’s common stock from the Insurance
Subsidiary in exchange for the issuance of one or more notes or other forms of Debt owed to the Insurance Subsidiary.

 

“Permitted
Liens” means, with respect to any Person:

 

(1)            Liens
securing Debt under Debt Facilities outstanding or Incurred under clause (1) of the definition of Permitted Debt;

 

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(2)             Liens
securing any Debt which became Debt pursuant to a transaction permitted under Section 5.1 or securing Debt which was created
prior to (and not created in connection with, or in contemplation of) the Incurrence of such Debt (including any assumption, guarantee
or other liability with respect thereto by any Restricted Subsidiary) and which Debt is permitted under the provisions of Section 4.9;
provided that the pro forma Secured Net Leverage Ratio of the Issuer would be equal to or less than the greater of (x) 2.00
to 1.00 and (y) the Secured Net Leverage Ratio of the Issuer immediately prior to giving effect to such transaction;

 

(3)             Liens
imposed by law, including carriers’, warehousemen’s, landlord’s, materialmen’s, processors’ and
mechanics’ Liens, in each case for sums not overdue for a period of more than 60 days or that are being contested in good
faith by appropriate proceedings if a reserve or other appropriate provisions, if any, as shall be required by GAAP shall have
been made in respect thereof;

 

(4)             Liens
for taxes, assessments or other governmental charges or levies not yet due and payable or which are being contested in good faith
by appropriate proceedings provided appropriate reserves required pursuant to GAAP have been made in respect thereof;

 

(5)             Liens
under joint collateral accounts, concentration accounts, deposit accounts or other funds maintained with a depositary institution
or bank; provided that such deposit account is not a dedicated cash collateral account and is not subject to restrictions against
access by the Issuer in excess of those set forth by regulations issued by the applicable banking regulations;

 

(6)             Liens
on assets, property or shares of stock of a Person existing at the time such Person becomes a Restricted Subsidiary or is merged
with or into or consolidated or amalgamated with the Issuer or any Restricted Subsidiary; provided, however, that such Liens shall
not extend to any other property owned by the Issuer or any Restricted Subsidiary;

 

(7)             encumbrances,
ground leases, 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, building codes or other restrictions (including, without limitation,
minor defects or irregularities in title and similar encumbrances) 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 in the aggregate interfere in any material
respect with the ordinary conduct of the business of the Issuer and any of the Restricted Subsidiaries;

 

(8)             leases,
licenses, subleases and sublicenses of assets (including, without limitation, real property and intellectual property rights)
which do not materially interfere with the ordinary conduct of the business of the Issuer or any of its Restricted Subsidiaries;

 

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(9)             Liens
existing on the Issue Date (other than Liens permitted under clause (1));

 

(10)           pledges
or deposits by such Person under workmen’s compensation laws, unemployment insurance laws or similar legislation, or good
faith pledges or deposits in connection with bids, tenders, contracts (other than for borrowed money) or leases to which such
Person is a party, or deposits to secure public or statutory obligations of such Person or deposits of cash or United States government
bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import
or customs duties or for the payment of rent, and other obligations of a like nature in each case Incurred in the ordinary course
of business;

 

(11)           judgment
Liens not giving rise to an Event of Default;

 

(12)           any
encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of any joint venture or similar
arrangement pursuant to any joint venture or similar agreement;

 

(13)           Liens
for the purpose of securing the payment of all or a part of the purchase price of, purchase money obligations or other payments
Incurred to finance the acquisition, lease, improvement or construction of or repairs or additions to, assets or property acquired
or constructed by the Issuer or a Restricted Subsidiary in the ordinary course of business; provided that (a) the aggregate
principal amount of Debt secured by such Liens is otherwise permitted to be Incurred under this Indenture and does not exceed
the cost of the assets or property so acquired or constructed, and (b) such Liens are created within 180 days of the later
of the acquisition, lease, completion of improvements, construction, repairs or additions or commencement of full operation of
the assets or property subject to such Lien and do not encumber any other assets or property of the Issuer or any Restricted Subsidiary
other than such assets or property and assets affixed or appurtenant thereto;

 

(14)           any
interest or title of a lessor under any Finance Lease Obligation Incurred under clause (8) of the definition of Permitted
Debt; provided that such Liens do not extend to any property or assets which is not leased property subject to such Finance Lease
Obligation;

 

(15)           Liens
upon specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect
of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage
of such inventory or other goods;

 

(16)           Liens
securing reimbursement or indemnification obligations with respect to commercial letters of credit or bank guarantees which encumber
documents and other property relating to such letters of credit and products and proceeds thereof;

 

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(17)           Liens
encumbering deposits made to secure obligations arising from statutory, regulatory, contractual or warranty requirements of the
Issuer or any of its Subsidiaries, including rights of offset and set-off;

 

(18)           Liens
securing Permitted Interest Rate, Currency or Commodity Price Agreements;

 

(19)           Liens
on assets of any Foreign Subsidiary or Restricted Subsidiary that is not a Subsidiary Guarantor securing Debt of such Foreign
Subsidiary or Restricted Subsidiary, in each case, that is permitted to be Incurred under clause (11) of the definition of Permitted
Debt;

 

(20)           Liens
on cash, cash equivalents or other property arising in connection with the discharge or redemption of Debt;

 

(21)           Liens
on any real property constituting exceptions to title as set forth in a mortgage title policy delivered to a secured lender with
respect thereto;

 

(22)           Liens
on insurance policies and the proceeds thereof securing the financing of premiums with respect thereto; provided that such Liens
shall not exceed the amount of such premiums so financed;

 

(23)           Liens
in favor of the Issuer or a Restricted Subsidiary;

 

(24)           Liens
arising from filing Uniform Commercial Code financing statements regarding leases or precautionary Uniform Commercial Code financings
statements or similar filings;

 

(25)           leases,
subleases, licenses or sublicenses to third parties not interfering in any material respect with the business of the Issuer or
any Restricted Subsidiary;

 

(26)           Liens
to secure Debt permitted under clause (15) of the definition of Permitted Debt; provided that such Liens (i) are limited
to securing only the unpaid premiums under the applicable insurance policy and (ii) only encumber the proceeds of the applicable
insurance policy;

 

(27)           Liens
securing Debt Incurred to refinance Debt (other than Liens permitted under clause (1)) that was previously so secured (or otherwise
replacing any such Lien); provided that any such Lien is limited to all or part of the same property or assets (plus improvements,
accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under
which the original Lien arose, could secure) the Debt being refinanced or is in respect of property that is the security for a
Permitted Lien hereunder;

 

(28)           Liens
solely on any cash earnest money deposits made by the Issuer or any Restricted Subsidiary in connection with any letter of intent
or purchase agreement relating to a Permitted Acquisition or other third party Investment;

 

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(29)           any
option or other agreement to purchase any asset of the Issuer or any Restricted Subsidiary, the purchase, sale or other disposition
of which is not prohibited by Section 4.10;

 

(30)           Liens
arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Issuer
or any other Restricted Subsidiary in the ordinary course of business and permitted by this Indenture;

 

(31)           Liens
encumbering reasonable and customary initial deposits and margin deposits and similar Liens attaching to brokerage accounts incurred
in the ordinary course of business and not for speculative purposes;

 

(32)           Liens
(i) on cash advances in favor of the seller of any property to be acquired in an Investment permitted pursuant to Section 4.7
to be applied against the purchase price for such Investment or (ii) consisting of an agreement to dispose of any property
in a Disposition permitted by Section 4.10, in each case, solely to the extent such Investment or Disposition, as the case
may be, would have been permitted on the date of the creation of such Lien;

 

(33)           Liens
on property purportedly rented to, or leased by, the Issuer or any of its Restricted Subsidiaries pursuant to a sale and leaseback
transaction permitted under this Indenture; provided that (i) such Liens do not encumber any other property of the Issuer
or its Restricted Subsidiaries and (ii) such Liens secure only Debt permitted under clause (18) of the definition of “Permitted
Debt”;

 

(34)           Liens
on Securitization Assets granted or arising in connection with a Qualified Securitization Transaction and Liens on the Capital
Stock of any Securitization Subsidiary to secure a Qualified Securitization Transaction; and

 

(35)           Liens
not otherwise covered by clauses (1) through (34) securing Debt in the aggregate amount outstanding at any time not to exceed,
at any one time outstanding, the greater of (x) $50.0 million and (y) 10.0% of Consolidated EBITDA for the most recently
ended Reference Period determined at the time of Incurrence.

 

For purposes of this
definition, in the event that a Lien meets the criteria of more than one of the types of Lien described in this definition, the
Issuer, in its sole discretion, may divide or classify such Lien on the date of Incurrence (or later classify or reclassify such
Lien, in its sole discretion) in any manner permitted under this definition and shall only be required to include the amount and
type of such Lien in one of such clauses; provided that all Liens securing Debt outstanding on or prior to the Merger Closing
Date under the Term Loan Credit Agreement and the ABL Credit Agreement shall be deemed Incurred under clause (1) of this definition
and may not later be reclassified.

 

“Permitted
Refinancing Debt” means any Debt of the Issuer or any of its Restricted Subsidiaries issued in exchange for, or the net
proceeds of which are used to extend, refinance, renew, replace, defease or refund other Debt of the Issuer or any of its Restricted
Subsidiaries; provided that:

 

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(1)          the
principal amount (or accreted value, if applicable) of such Permitted Refinancing Debt does not exceed the principal amount of,
plus premium, if any, and accrued and unpaid interest on the Debt so extended, refinanced, renewed, replaced, defeased or refunded
(plus the amount of reasonable expenses Incurred in connection therewith);

 

(2)            the
Permitted Refinancing Debt has a final maturity date no earlier than the earlier of the final maturity date of the Debt being extended,
refinanced, renewed, replaced, deferred or refunded and 91 days after the final maturity date of the Notes;

 

(3)            the
Permitted Refinancing Debt has an Average Life at the time such Permitted Refinancing Debt is Incurred that is equal to or greater
than the shorter of (A) the Average Life of the Debt being extended, refinanced, renewed, replaced, deferred or refunded and
(B) 91 days after the Average Life of the Notes;

 

(4)             if
the Debt being extended, refinanced, renewed, replaced, defeased or refunded is subordinated in right of payment to the Notes or
a Subsidiary Guarantee, such Permitted Refinancing Debt is subordinated in right of payment to the Notes or such Subsidiary Guarantee
on terms at least as favorable, taken as a whole, to the Holders of Notes as those contained in the documentation governing the
Debt being extended, refinanced, renewed, replaced, defeased or refunded;

 

(5)            such
Debt shall not include Debt of a Restricted Subsidiary that is not a Subsidiary Guarantor that refinances Debt of the Issuer or
a Subsidiary Guarantor; and

 

(6)             to
the extent the Debt being extended, refinanced, renewed, replaced, defeased or refunded is secured, the Liens securing such Permitted
Refinancing Debt have a Lien priority equal to or junior to the Liens securing the Debt being extended, refinanced, renewed, replaced,
defeased or refunded.

 

“Permitted
Swap Agreement” of any Person means any Swap Agreement entered into for bona fide hedging purposes and not for speculation.

 

“Person”
means any individual, corporation, partnership, limited liability company, joint venture, association, joint stock company, trust,
unincorporated organization, government (or any agency or political subdivision thereof) or any other entity.

 

“Preferred
Stock” of any Person means Capital Stock of such Person of any class or classes (however designated) that ranks prior,
as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or
winding-up of such Person, to shares of Capital Stock of any other class of such Person.

 

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“Qualified
Securitization Transaction” means any Securitization Transaction of a Securitization Subsidiary that meets the following
conditions:

 

(1)          the
Issuer shall have determined in good faith that such Securitization Transaction (including financing terms, covenants, termination
events and other provisions) is in the aggregate economically fair and reasonable to the Issuer and its Restricted Subsidiaries;

 

(2)            all
sales of Securitization Assets to the Securitization Subsidiary are made at Fair Market Value (as determined by the Issuer); and

 

(3)            the
financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined by the Issuer)
and may include Standard Securitization Undertakings.

 

The grant of a security
interest in any accounts receivable of the Issuer or any of its Restricted Subsidiaries (other than a Securitization Subsidiary)
to secure any Debt Facility shall not be deemed a Qualified Securitization Transaction.

 

“Rating Agency”
means each of S&P, Moody’s or Fitch, or if (and only if) S&P, Moody’s, Fitch or any combination thereof shall
not make a rating on the Notes publicly available, a nationally recognized statistical rating organization or organizations, as
the case may be, selected by the Issuer, which shall be substituted for S&P, Moody’s or Fitch, or any combination thereof,
as the case may be.

 

“Redeemable
Stock” of any Person means any Capital Stock of such Person that by its terms (or by the terms of any security into which
it is convertible or for which it is exchangeable) or otherwise (including upon the occurrence of an event) (a) matures or
is required to be redeemed, (b) is convertible into or exchangeable for Debt or (c) is redeemable at the option of the
holder thereof, in each case, other than in exchange for Capital Stock of such Person that is not Redeemable Stock and cash in
lieu of fractional shares of such Capital Stock, in whole or in part, at any time prior to the final Stated Maturity of the Notes.
Notwithstanding the preceding sentence, (i) any Capital Stock that would constitute Redeemable Stock solely because the holders
thereof have the right to require the Issuer to repurchase such Capital Stock upon the occurrence of a change of control, condemnation
or an asset sale (or similar event, however denominated) shall not constitute Redeemable Stock if the terms of such Capital Stock
provide that the Issuer shall not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase
or redemption complies with the covenant described in Section 4.7, (ii) Capital Stock of any Person that is issued to
any employee or to any plan for the benefit of employees or by any such plan to such employees shall not constitute Redeemable
Stock solely because it may be required to be repurchased by such Person or any of its subsidiaries in order to satisfy applicable
statutory or regulatory obligations or as a result of such employee’s termination, death or disability and (iii) only
such portion of the Capital Stock that matures, is mandatorily redeemable, or is convertible or exchangeable prior to such date
as set forth in clauses (a) through (c) above shall constitute Redeemable Stock.

 

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“Reference
Period” means each period of four consecutive fiscal quarters of the Issuer for which financial statements have been
or are required to have been delivered.

 

“Regulation
S Legend” means the legend identified as such in Exhibit A.

 

“Replacement
Assets” means:

 

(1)            properties
and assets (other than cash, Cash Equivalents, any Capital Stock or other security) that will be used in the business of the Issuer
and its Restricted Subsidiaries as conducted on the Issue Date or any business ancillary thereto or supportive thereof; and

 

(2)            Capital
Stock of any Person that is engaged in the business of the Issuer and its Restricted Subsidiaries as conducted on the Merger Closing
Date or any business ancillary thereto or supportive thereof and that will be merged or consolidated with or into the Issuer or
a Restricted Subsidiary or that will become a Restricted Subsidiary.

 

“Repurchase
Obligation” means any obligation of a seller of Securitization Assets in a Qualified Securitization Transaction to repurchase
such Securitization Assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including as
a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind
as a result of any action taken by, any failure to take action by or any other event relating to the seller.

 

“Responsible
Officer” means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee,
including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer
of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of such Person’s knowledge of and familiarity with
the particular subject and who, in each case, shall have direct responsibility for the administration of this Indenture.

 

“Restricted
Notes Legend” means the legend identified as such in Exhibit A.

 

“Restricted
Subsidiary” means any Subsidiary of the Issuer, whether existing on or after the Issue Date, unless such Subsidiary is
an Unrestricted Subsidiary.

 

“S&P”
means S&P Global Ratings, and any successor to its rating agency business.

 

“SEC”
means the U.S. Securities and Exchange Commission.

 

“Secured Debt”
at any date shall mean the aggregate principal amount of Debt that in each case is then secured by Liens on any property or assets
of the Issuer or any Restricted Subsidiary.

 

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“Secured
Net Leverage Ratio” means, as of any date of determination, the ratio of (1)(a) Secured Debt as of the end of the
most recent fiscal quarter for which quarterly or annual financial statements prepared on a consolidated basis in accordance with
GAAP are available (the “secured balance sheet date”) minus (b) the aggregate amount of unrestricted cash
and Cash Equivalents held by the Issuer and the Restricted Subsidiaries on the secured balance sheet date to (2) Consolidated
EBITDA of the Issuer and its Restricted Subsidiaries for the period of the most recently completed four consecutive fiscal quarters
ending on the secured balance sheet date. For the avoidance of doubt, the Secured Net Leverage Ratio shall be adjusted on a pro
forma basis in a manner consistent with the definition of “Consolidated Fixed Charges.”

 

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

 

“Securitization
Assets” means accounts receivables, lease receivables or other payment obligations owing to the Issuer or such Restricted
Subsidiary or any interest in any of the foregoing, together in each case with any collections and other proceeds thereof, any
collection or deposit account related thereto, and any collateral, guarantees or other property or claims in each case supporting
or securing payment by the obligor thereon of, or otherwise related to, or subject to leases giving rise to, any such receivables.

 

“Securitization
Fee” means distributions or payments made directly or by means of discounts with respect to any accounts receivable,
lease receivable or other right to payment or participation interest issued or sold in connection with, and other fees paid to
a Person that is not a Restricted Subsidiary in connection with, any Qualified Securitization Transaction.

 

“Securitization
Subsidiary” means a trust, bankruptcy remote entity or other special purpose entity which is a wholly-owned Restricted
Subsidiary of the Issuer (or another Person formed for the purposes of engaging in Qualified Securitization Transactions with
the Issuer or any Subsidiary of the Issuer in which the Issuer or any Subsidiary of the Issuer makes an Investment and to which
the Issuer or any Subsidiary of the Issuer transfers Securitization Assets) and which is formed for the purpose of and engages
in no material business other than acting as an issuer or a depositor or borrower in a Securitization Transaction (and, in connection
therewith, owning Securitization Assets and pledging or transferring any of the foregoing or interests therein and engaging in
any business or activities incidental or related thereto), and:

 

(1)           no
portion of the Debt or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Issuer or any other
Restricted Subsidiary of the Issuer (excluding guarantees of obligations (other than the principal of and interest on, Debt) pursuant
to Standard Securitization Undertakings), (ii) is recourse to or obligates the Issuer or any other Restricted Subsidiary
of the Issuer in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects any property or asset
of the Issuer or any other Restricted Subsidiary of the Issuer, directly or indirectly, contingently or otherwise, to the satisfaction
thereof, other than pursuant to Standard Securitization Undertakings;

 

(2)            with
which neither the Issuer nor any other Restricted Subsidiary of the Issuer has any material contract, agreement, arrangement or
understanding other than on terms which the Issuer reasonably believes to be no less favorable to the Issuer or such Restricted
Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Issuer; and

 

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(3)            to
which neither the Issuer nor any other Restricted Subsidiary of the Issuer has any obligation to maintain or preserve such entity’s
financial condition or cause such entity to achieve certain levels of operating results.

 

“Securitization
Transaction” means any transaction or series of transactions that may be entered into by the Issuer or any of its Restricted
Subsidiaries pursuant to which the Issuer or any of its Subsidiaries may sell, discount, assign, factor, convey, participate,
contribute to capital, grant a security interest in, pledge or otherwise transfer (including for purposes of facilitating a warehouse
facility relating to a Securitization Transaction) to (a) a Securitization Subsidiary (in the case of a transfer by the Issuer
or any of its Restricted Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary)
any Securitization Assets.

 

“Senior Credit
Facilities” means the ABL Credit Agreement and any Term Loan Credit Agreement.

 

“Significant
Restricted Subsidiary” means, at any date of determination, any Restricted Subsidiary that, together with its Restricted
Subsidiaries represents 10% or more of the Issuer’s total consolidated assets at the end of the most recent fiscal quarter
for which financial information is available or 10% or more of the Issuer’s consolidated net revenues or consolidated operating
income for the most recent four quarters for which financial information is available.

 

“Standard
Securitization Undertakings” means representations, warranties, covenants, Repurchase Obligations, indemnities and guarantees
of performance entered into by the Issuer or any Restricted Subsidiary of the Issuer that are customary in an asset securitization
financing, including those relating to the servicing of the assets of a Securitization Subsidiary.

 

“Stated Maturity”
means, when used with respect to any Debt or any installment of interest on such Debt, the dates specified in such Debt as the
fixed date on which the principal of such Debt or such installment of interest, as the case may be, is due and payable.

 

“Subordinated
Debt” means Debt of the Issuer or any of its Subsidiaries that is expressly subordinated or junior in right of payment
to the Notes or a Subsidiary Guarantee, as applicable, pursuant to a written agreement to that effect.

 

“Subsidiary”
means as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other
ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by
reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation,
partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly
through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary”
or to “Subsidiaries” in this Indenture shall refer to a Subsidiary or Subsidiaries of the Issuer.

 

“Subsidiary
Guarantee” means the Guarantee by any Subsidiary Guarantor of the Issuer’s obligations under this Indenture.

 

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“Subsidiary
Guarantor” means each Restricted Subsidiary of the Issuer on the Merger Closing Date that becomes a party to this Indenture
for purposes of providing a Subsidiary Guarantee with respect to the Notes by executing a supplemental indenture substantially
in the form attached hereto as Exhibit B-1, and each other Restricted Subsidiary that is required to, or at the election
of the Issuer, does become a Subsidiary Guarantor by the terms of this Indenture after the Merger Closing Date and their respective
successors and assigns, in each case, until such Person is released from its Subsidiary Guarantee in accordance with the terms
of this Indenture.

 

“Swap Agreement”
means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving,
or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination
of these transactions, including any Interest Rate, Currency or Commodity Price Agreement; provided that no phantom stock
or similar plan providing for payments only on account of services provided by current or former directors, officers, employees
or consultants of the Issuer or any of its Subsidiaries shall be a “Swap Agreement.”

 

“Swap Obligation”
means, with respect to any Person, any obligation to pay or perform under any Swap Agreement.

 

“Term Loan
Credit Agreement” means the credit agreement with respect to the senior secured term loan credit facility entered into
on or prior to the Merger Closing Date among the Company, the financial institutions named therein and JPMorgan Chase Bank, N.A.,
as Administrative Agent, including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed
in connection therewith, as amended, restated, supplemented, waived, renewed or otherwise modified from time to time, and (if
designated by the Issuer) as replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured,
repaid, refunded, refinanced or otherwise modified from time to time, including (if designated by the Issuer) any agreement or
indenture or commercial paper facilities with banks or other institutional lenders or investors extending the maturity thereof,
refinancing, replacing or otherwise restructuring all or any portion of the Debt under such agreement or agreements or indenture
or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned
or issued thereunder permitted under Section 4.9 or altering the maturity thereof or adding Restricted Subsidiaries as additional
borrowers, issuers or guarantors thereunder and whether by the same or any other agent, lender or group of lenders, investors
or group of investors.

 

“Total Net
Leverage Ratio” means, as of any date of determination, the ratio of (1)(a) Debt for money borrowed of the Issuer
and its Restricted Subsidiaries as of the end of the most recent fiscal quarter for which quarterly or annual financial statements
prepared on a consolidated basis in accordance with GAAP are available (the “balance sheet date”) minus (b) the
aggregate amount of unrestricted cash and Cash Equivalents held by the Issuer and the Restricted Subsidiaries on the balance sheet
date to (2) Consolidated EBITDA of the Issuer and its Restricted Subsidiaries for the period of the most recently completed
four consecutive fiscal quarters ending on the balance sheet date. For the avoidance of doubt, the Total Net Leverage Ratio shall
be adjusted on a pro forma basis in a manner consistent with the definition of “Consolidated Fixed Charges.”

 

“Transactions”
has the definition set forth in the Offering Memorandum.

 

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“Transfer
Restricted Notes” means Notes that bear or are required to bear the Restricted Notes Legend.

 

“Treasury
Rate” means, with respect to any redemption date, the yield to maturity at the time of computation of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release
H.15 that has become publicly available at least two Business Days prior to such redemption date (or, if such Statistical Release
is no longer published, any publicly available source of similar market data)) most nearly equal to the period from such redemption
date to February 15, 2024; provided, however, that if the period from such redemption date to February 15,
2024 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant
maturity of one year shall be used.

 

“Trustee”
has the meaning set forth in the preamble of this Indenture and any successor thereto.

 

“U.S. dollar”
or “$” means the lawful money of the United States of America.

 

“United States”
or “U.S.” means the United States of America.

 

“Unrestricted
Subsidiary” means any Subsidiary other than a Restricted Subsidiary.

 

“Voting Stock”
of any Person means Capital Stock of such Person which ordinarily has voting power for the election of directors (or persons performing
similar functions) of such Person, whether at all times or only so long as no senior class of securities has such voting power
by reason of any contingency.

 

“Wholly Owned
Subsidiary” of any Person means a Subsidiary of such Person all of the outstanding Capital Stock or other ownership
interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more
Wholly Owned Subsidiaries of such Person or by such Person and one or more Wholly Owned Subsidiaries of such Person.

 

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Section 1.2.        Other
Definitions.

 

	Term	 	Defined
    in Section
	“acceleration declaration”	 	 	6.2
	“Act”	 	 	11.12
	“Alternate Offer”	 	 	4.13
	“Authentication Order”	 	 	2.2
	“Change of Control Offer”	 	 	4.13
	“Change of Control Purchase Price”	 	 	4.13
	“Code”	 	 	2.6(g)(9)
	“Covenant Defeasance”	 	 	8.3
	“Deposit Trustee”	 	 	8.5
	“EDGAR”	 	 	4.3(a)
	“Event of Default”	 	 	6.1
	“Excess Proceeds”	 	 	4.10(c)
	“Fixed Amounts”	 	 	1.4
	“Incurrence Based Amounts”	 	 	1.4
	“Institutional Accredited Investor Note”	 	 	2.1(b)
	“LCT Election”	 	 	1.4
	“LCT Test Date”	 	 	1.4
	“Legal Defeasance”	 	 	8.2
	“Mandatory Redemption Event”	 	 	3.8
	“Note Amount”	 	 	4.10(c)(1)
	“Offer Expiration Date”	 	 	1.1
	“Offered Price”	 	 	4.10(c)
	“Outside Date”	 	 	3.8
	“Pari Passu Debt Amount”	 	 	4.10(c)(2)
	“Pari Passu Offer”	 	 	4.10(c)(2)
	“Permitted Debt”	 	 	4.9(b)
	“Purchase Date”	 	 	1.1
	“QIBs”	 	 	2.1(b)
	“Ratio Debt”	 	 	4.9(a)
	“Registrar”	 	 	2.3
	“Regulation S”	 	 	2.1(b)
	“Regulation S Global Note”	 	 	2.1(b)
	“Resale Restriction Termination Date”	 	 	2.15(a)
	“Restricted Payment”	 	 	4.7(a)(4)
	“Restricted Period”	 	 	2.15(b)
	“Rule 144A”	 	 	2.1(b)
	“Rule 144A Global Note”	 	 	2.1(b)
	“Successor Company”	 	 	5.1(a)(1)
	“Successor Subsidiary Guarantor”	 	 	5.1(b)(1)(A)
	“Unrestricted Subsidiary”	 	 	4.16(a)

 

Section 1.3.        Rules of
Construction. Unless the context otherwise requires:

 

(1)            a
term has the meaning assigned to it herein;

 

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

 

(3)            “or”
is not exclusive;

 

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

 

(5)            unless
otherwise specified, any reference to Section, Article or Exhibit refers to such Section, Article or Exhibit, as
the case may be, of this Indenture;

 

(6)            provisions
apply to successive events and transactions;

 

(7)           the
words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture
as a whole and not any particular Article, Section, clause or other subdivision; and

 

(8)          references
to sections of or rules under the Securities Act or the Exchange Act shall be deemed to include substitute, replacement or
successor sections or rules adopted by the SEC from time to time.

 

Section 1.4.        Limited
Condition Transactions. When calculating the availability under any basket or ratio under this Indenture or compliance with
any provision of this Indenture in connection with any Limited Condition Transaction and any actions or transactions related thereto
(including acquisitions, Investments, the Incurrence or issuance of Debt and the use of the proceeds thereof, the Incurrence
of Liens, repayments, Restricted Payments and Asset Dispositions), in each case, at the option of the Issuer (the Issuer’s
election to exercise such option, an “LCT Election”), the date of determination for availability under any
such basket or ratio and whether any such action or transaction is permitted (or any requirement or condition therefor is complied
with or satisfied (including as to the absence of any Default or Event of Default)) under this Indenture shall be deemed to be
the date (the “LCT Test Date”) the definitive agreements for such Limited Condition Transaction are entered
into (or, if applicable, the date of delivery of an irrevocable notice, declaration of a dividend or similar event) and if, after
giving pro forma effect to the Limited Condition Transaction and any actions or transactions related thereto (including acquisitions, Investments,
the Incurrence or issuance of Debt and the use of proceeds thereof, the Incurrence of Liens, repayments, Restricted Payments and
Asset Dispositions) and any related pro forma adjustments, the Issuer or any of its Restricted Subsidiaries would have been permitted
to take such actions or consummate such transactions on the relevant LCT Test Date in compliance with such ratio, test or basket
(and any related requirements and conditions), such ratio, test or basket (and any related requirements and conditions) shall
be deemed to have been complied with (or satisfied) for all purposes; provided that (a) compliance with such ratios,
tests or baskets (and any related requirements and conditions) shall not be determined or tested at any time after the applicable
LCT Test Date for such Limited Condition Transaction and any actions or transactions related thereto (including acquisitions, Investments,
the Incurrence or issuance of Debt and the use of proceeds thereof, the Incurrence of Liens, repayments, Restricted Payments and
Asset Dispositions) and (b) Consolidated EBITDA for purposes of the Fixed Charge Coverage Ratio, the Total Net Leverage Ratio
or the Secured Net Leverage Ratio will be calculated using an assumed interest rate based on the indicative interest margin contained
in any financing commitment documentation with respect to such Debt or, if no such indicative interest margin exists, as reasonably
determined by the Issuer in good faith.

 

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For the avoidance
of doubt, if the Issuer has made an LCT Election, (1) if any of the ratios, tests or baskets for which compliance was determined
or tested as of the LCT Test Date would at any time after the LCT Test Date have been exceeded or otherwise failed to have been
complied with as a result of fluctuations in any such ratio, test or basket, including due to fluctuations in Consolidated EBITDA
of the Issuer, such baskets, tests or ratios will not be deemed to have been exceeded or failed to have been complied with as
a result of such fluctuations (and no Default or Event of Default shall be deemed to have occurred due to such failure to comply),
and (2) in calculating the availability under any ratio, test or basket in connection with any action or transaction unrelated
to such Limited Conditional Transaction following the relevant LCT Test Date and prior to the earlier of the date on which such
Limited Condition Transaction is consummated and the date that the definitive agreement or date for redemption, purchase or repayment
specified in an irrevocable notice for such Limited Condition Transaction is terminated, expires or passes, as applicable, without
consummation of such Limited Condition Transaction, any such ratio, test or basket shall be determined or tested giving pro forma
effect to such Limited Condition Transaction.

 

Notwithstanding anything
to the contrary herein with respect to any amounts incurred or transactions entered into (or consummated) in reliance on a provision
of this Indenture under a restrictive covenant that does not require compliance with a financial ratio or test (including, without
limitation, any Total Net Leverage Ratio test, Secured Net Leverage Ratio test and Fixed Charge Coverage Ratio test) (any such
amounts, the “Fixed Amounts”) substantially concurrently with any amounts Incurred or transactions entered
into (or consummated) in reliance on a provision of this Indenture that requires compliance with any such financial ratio or test
(any such amounts, the “Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts (and
any cash proceeds thereof) shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence
Based Amounts in connection with such substantially concurrent Incurrence.

 

ARTICLE II

THE NOTES

 

Section 2.1.        Form and
Dating. The Notes shall be substantially in the form of Exhibit A. The Notes may have notations, legends or endorsements
required by law, stock exchange rule or usage. Each Note shall be dated the date of its authentication. The Notes will be
issued in registered form, without coupons, and in minimum denominations of $2,000 and integral multiples of $1,000 in excess
thereof. The registered Holder will be treated as the owner of such Note for all purposes.

 

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

 

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(a)            The
Notes shall be issued initially in the form of one or more Global Notes, which shall be deposited on behalf of the purchasers
of the Notes represented thereby with the Note Custodian, and registered in the name of the Depositary or a nominee of the Depositary,
duly executed by the Issuer and authenticated by the Trustee as hereinafter provided.

 

Each Global
Note shall represent such of the outstanding Notes as shall be specified therein, and each shall provide that it shall represent
the aggregate amount of outstanding Notes from time to time endorsed thereon and that the aggregate amount of outstanding Notes
represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges, redemptions and transfers
of interests. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the amount of outstanding
Notes represented thereby shall be made by the Trustee or the Note Custodian, at the direction of the Trustee, in accordance with
instructions given by the Holder thereof as required by Section 2.6.

 

(b)            The
Initial Notes are being issued by the Issuer only (i) to “qualified institutional buyers” (as defined in Rule 144A
under the Securities Act (“Rule 144A”)) (“QIBs”) and (ii) in reliance on Regulation
S under the Securities Act (“Regulation S”). After such initial issuance, Initial Notes that are Transfer
Restricted Notes may be transferred to QIBs in reliance on Rule 144A, outside the United States pursuant to Regulation S,
to IAIs or to the Issuer, in accordance with certain transfer restrictions. Initial Notes that are offered in reliance on Rule 144A
shall be issued in the form of one or more permanent Global Notes substantially in the form set forth in Exhibit A
and bear the Restricted Notes Legend (collectively, the “Rule 144A Global Note”), deposited with the Note
Custodian, duly executed by the Issuer and authenticated by the Trustee as hereinafter provided. Initial Notes that are offered
in offshore transactions in reliance on Regulation S shall be issued in the form of one or more permanent Global Notes substantially
in the form set forth in Exhibit A and bear the Regulation S Legend (collectively, the “Regulation S Global
Note”), deposited with the Note Custodian, duly executed by the Issuer and authenticated by the Trustee as hereinafter
provided. Initial Notes resold to IAIs in the United States shall be issued in the form of one or more permanent Global Notes
substantially in the form set forth in Exhibit A and bear the Restricted Notes Legend (collectively, the “Institutional
Accredited Investor Note”), deposited with the Note Custodian, duly executed by the Issuer and authenticated by the
Trustee as hereinafter provided. The aggregate principal amount of each Global Note may from time to time be increased or decreased
by adjustments made on the records of the Note Custodian, at the direction of the Trustee. Transfers of Notes among QIBs, to or
by purchasers pursuant to Regulation S and to or by IAIs shall be represented by appropriate increases and decreases to the respective
amounts of the appropriate Global Notes, as more fully provided in Section 2.15.

 

(c)            Section 2.1(b) shall
apply only to Global Notes deposited with or on behalf of the Depositary.

 

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The Issuer
shall execute and the Trustee shall, in accordance with this Section 2.1 and Section 2.2, authenticate and deliver the
Global Notes that (i) shall be registered in the name of the Depositary or the nominee of the Depositary and (ii) shall
be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instructions or held by the Note Custodian
for the Depositary.

 

Section 2.2.        Execution
and Authentication. An Officer shall sign the Notes for the Issuer by manual, facsimile, PDF or other electronic transmission
signature.

 

If an Officer whose
signature is on a Note no longer holds that office at the time a Note is authenticated, the Note shall nevertheless be valid.

 

A Note shall not be
valid until authenticated by the manual signature of an authorized signatory of the Trustee. The signature of the Trustee shall
be conclusive evidence that the Note has been authenticated under this Indenture.

 

The Trustee shall,
upon receipt of a written order of the Issuer signed by an Officer of the Issuer (an “Authentication Order”)
directing the Trustee to authenticate the Notes and, with respect to any Additional Notes, an Officer’s Certificate and
Opinion of Counsel stating that all conditions precedent to the issuance of the Notes contained herein have been complied with,
authenticate Notes for original issue in the aggregate principal amount stated in such written order.

 

The Trustee may appoint
an authenticating agent reasonably acceptable to the Issuer to authenticate Notes. Unless limited by the terms of such appointment,
an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication
by the Trustee includes authentication by such agent or agents. An authenticating agent has the same rights as an Agent to deal
with Holders or the Issuer.

 

Section 2.3.        Registrar;
Paying Agent. The Issuer shall maintain (i) an office or agency where Notes may be presented for registration of transfer
or for exchange (“Registrar”) and (ii) an office or agency where Notes may be presented for payment to
a Paying Agent. The Registrar shall keep a register of the Notes and of their transfer and exchange. The Issuer may appoint one
or more co-registrars and one or more additional Paying Agents. The term “Registrar” includes any co-registrar, and
the term “Paying Agent” includes any additional Paying Agent. The Issuer may change any Paying Agent or Registrar
without notice to any Holder. The Issuer and/or any Restricted Subsidiary may act as Paying Agent or Registrar.

 

The Issuer shall notify
the Trustee in writing, and the Trustee shall notify the Holders, of the name and address of any Agent not a party to this Indenture.
The Issuer shall enter into an appropriate agency agreement with any Agent not a party to this Indenture. If the Issuer fails
to appoint or maintain a Registrar or Paying Agent, or fails to give the foregoing notice, the Trustee shall act as such, and
shall be entitled to appropriate compensation in accordance with Section 7.6.

 

The Issuer initially
appoints the Trustee to act as the Registrar and Paying Agent at the Corporate Trust Office of the Trustee.

 

The Issuer initially
appoints DTC to act as the Depositary with respect to the Global Notes.

 

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Section 2.4.        Paying
Agent to Hold Money in Trust. The Issuer shall require each Paying Agent other than the Trustee to agree in writing that the
Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment
of principal, premium or interest on the Notes, and shall notify the Trustee of any Default by the Issuer in making any such payment.
While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for
the benefit of the Holders or the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by it in trust
for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than
the Issuer or any of its Subsidiaries) shall have no further liability for such money. If the Issuer or any of its Subsidiaries
acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Trustee and the Holders all
money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve
as Paying Agent for the Notes.

 

Section 2.5.        Holder
Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of
the names and addresses of all Holders. If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee at least
seven Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in
such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders, including the aggregate
principal amount of the Notes held by each Holder thereof.

 

Section 2.6.        Book-Entry
Provisions for Global Notes.

 

(a)            Each
Global Note shall (i) be registered in the name of the Depositary for such Global Notes or the nominee of such Depositary,
(ii) be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instructions or held by the Note
Custodian for the Depositary and (iii) bear the Global Note legends as required by Section 2.6(e).

 

Members
of, or Participants in, the Depositary shall have no rights under this Indenture with respect to any Global Note held on their
behalf by the Depositary, or the Note Custodian, or under such Global Note, and the Depositary may be treated by the Issuer, and
the Trustee or any Agent and any of their respective agents, as the absolute owner of such Global Note for all purposes whatsoever.
Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any Agent or their respective agents from
giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the
Depositary and its Participants, the operation of customary practices governing the exercise of the rights of an owner of a beneficial
interest in any Global Note.

 

Neither
the Trustee nor any Agent shall have any responsibility or obligation to any Holder that is a member of (or a Participant in)
the Depositary or any other Person with respect to the accuracy of the records of the Depositary (or its nominee) or of any member
or Participant thereof, with respect to any ownership interest in the Notes or with respect to the delivery of any notice (including
any notice of redemption) or the payment of any amount or delivery of any Notes (or other security or property) under or with
respect to the Notes. The Trustee and any Agent may rely (and shall be fully protected in relying) upon information furnished
by the Depositary with respect to its members, Participants and any beneficial owners in the Notes.

 

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Neither
the Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the Depositary.

 

(b)            Transfers
of a Global Note shall be limited to transfers of such Global Note in whole, but not in part, to the Depositary, its successors
or their respective nominees. Interests of beneficial owners in a Global Note may be transferred in accordance with Section 2.15
and the rules and procedures of the Depositary. In addition, certificated Notes shall be transferred to beneficial owners
in exchange for their beneficial interests only if (i) the Depositary notifies the Issuer that it is unwilling or unable
to continue as Depositary for the Global Notes and a successor depositary is not appointed by the Issuer within 90 days of such
notice, (ii) the Depositary ceases to be a “clearing agency” registered under the Exchange Act and a successor
depositary is not appointed by the Issuer within 90 days of such notice, (iii) an Event of Default of which a Responsible
Officer of the Trustee has written notice has occurred and is continuing and the Registrar has received a request from any Holder
of a Global Note to issue such certificated Notes or (iv) the Issuer, in its sole discretion, notifies the Trustee in writing
that it elects to cause the issuance of certificated Notes.

 

(c)            In
connection with the transfer of an entire Global Note to beneficial owners pursuant to Section 2.6(b), such Global Note shall
be deemed to be surrendered to the Trustee for cancellation, and the Issuer shall execute, and the Trustee shall authenticate
and deliver to each beneficial owner identified by the Depositary in exchange for its beneficial interest in such Global Note
an equal aggregate principal amount of certificated Notes of authorized denominations.

 

(d)            The
registered Holder of a Global Note may grant proxies and otherwise authorize any Person, including Participants and Persons that
may hold interests through Participants, to take any action which a Holder is entitled to take under this Indenture or the Notes.

 

(e)            Each
Global Note shall bear the Global Note Legend on the face thereof.

 

(f)             At
such time as all beneficial interests in Global Notes have been exchanged for certificated Notes, redeemed, repurchased or cancelled,
all Global Notes shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.11. At any time
prior to such cancellation, if any beneficial interest in a Global Note is exchanged for certificated Notes, redeemed, repurchased
or cancelled, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall
be made on such Global Note, by the Trustee or the Note Custodian, at the direction of the Trustee, to reflect such reduction.

 

(g)            General
Provisions Relating to Transfers and Exchanges.

 

(1)            To
permit registrations of transfers and exchanges, the Issuer shall execute and the Trustee shall authenticate Global Notes and
certificated Notes upon receipt of an Authentication Order in accordance with Section 2.2 or at the Registrar’s request.

 

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(2)            No
service charge shall be made to a Holder for any registration of transfer or exchange, but Holders will be required to pay all
stamp or transfer taxes or similar government charge due on such transfer or exchange (other than any such stamp or transfer taxes
or similar governmental charge payable upon exchange or transfer pursuant to Section 2.7, 2.10, 3.6, 4.10, 4.13 or 9.4).

 

(3)          All
Global Notes and certificated Notes issued upon any registration of transfer or exchange of Global Notes or certificated Notes
shall be the valid obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture,
as the Global Notes (or interests therein) or certificated Notes surrendered upon such registration of transfer or exchange.

 

(4)            The
Registrar is not required (A) to issue, to register the transfer of or to exchange Notes during a period beginning at the
opening of business 15 days before the day of any selection of Notes under Section 3.2 and ending at the close of business
on the day of such selection, (B) to register the transfer of or to exchange any Note so selected for redemption in whole
or in part, except the unredeemed portion of any Note being redeemed in part, or (C) to register the transfer of or to exchange
a Note between a record date and the next succeeding interest payment date.

 

(5)            Prior
to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Issuer may deem and treat the
Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal
of and interest on such Notes and for all other purposes, and none of the Trustee, any Agent, or the Issuer shall be affected
by notice to the contrary.

 

(6)          The
Trustee shall authenticate Global Notes and certificated Notes in accordance with the provisions of Section 2.2. Except as
provided in Section 2.6(b), neither the Trustee nor the Registrar shall authenticate or deliver any certificated Note in
exchange for a Global Note.

 

(7)          Each
Holder agrees to indemnify the Issuer and the Trustee against any liability that may result from the transfer, exchange or assignment
of such Holder’s Note in violation of any provision of this Indenture and/or applicable United States federal or state securities
law.

 

(8)           Neither
the Trustee nor any Agent shall have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions
on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including
any transfers between or among Participants or beneficial owners of interests in any Global Note) other than to require delivery
of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required
by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements
hereof.

 

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(9)            The
transferor of any Note held in certificated form shall provide or cause to be provided to the Trustee all information necessary
to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting
obligations under Section 6045 of the Internal Revenue Code of 1986, as amended (the “Code”). The Trustee
may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information.

 

Section 2.7.        Replacement
Notes. If any mutilated Note is surrendered to the Trustee, the Registrar or the Issuer and the Trustee receives evidence
to its satisfaction of the ownership and destruction, loss or theft of any Note, the Issuer shall issue and the Trustee, upon
receipt of an Authentication Order, shall authenticate a replacement Note if the Trustee’s requirements are met. If required
by the Trustee or the Issuer, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee
and the Issuer to protect the Issuer, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer
if a Note is replaced. The Issuer, the Trustee and the Agents may charge for their expenses in replacing a Note.

 

Every replacement
Note is an additional obligation of the Issuer and shall be entitled to all of the benefits of this Indenture equally and proportionately
with all other Notes duly issued hereunder.

 

Section 2.8.         Outstanding
Notes. The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those cancelled by it,
those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance
with the provisions hereof, and those described in this Section 2.8 as not outstanding. Except as set forth in Section 2.9,
a Note does not cease to be outstanding because the Company, the Escrow Issuer, the Subsidiary Guarantors or any of their respective
Affiliates holds the Note.

 

If a Note is replaced
pursuant to Section 2.7, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced
Note is held by a protected purchaser.

 

If the principal amount
of any Note is considered paid under Section 4.1, it ceases to be outstanding and interest on it ceases to accrue.

 

If the Paying Agent
(other than the Issuer, a Subsidiary or an Affiliate of any thereof) holds, on the maturity date or date of redemption, money
sufficient to pay all amounts under the Notes payable on that date, then on and after that date such Notes shall be deemed to
be no longer outstanding and shall cease to accrue interest and will not be deemed to be outstanding.

 

Section 2.9.        Treasury
Notes. In determining whether the Holders of the required aggregate principal amount of Notes have concurred in any direction,
waiver or consent, Notes owned by the Issuer, the Subsidiary Guarantors or by any of their respective Affiliates shall be considered
as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any
such direction, waiver or consent, only Notes of which a Responsible Officer of the Trustee has written notice as being so owned
shall be so disregarded. Notwithstanding the foregoing, Notes that are to be acquired by the Issuer or an Affiliate of the Issuer
pursuant to an exchange offer, tender offer or other agreement shall not be deemed to be owned by such entity until legal title
to such Notes passes to such entity.

 

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Section 2.10.      Temporary
Notes. Until certificated Notes are ready for delivery, the Issuer may prepare and the Trustee, upon receipt of an
Authentication Order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of certificated
Notes but may have variations that the Issuer considers appropriate for temporary Notes. Without unreasonable delay, the
Issuer shall prepare and the Trustee shall upon receipt of a written order of the Issuer signed by one Officer, authenticate
certificated Notes in certificate form in exchange for temporary Notes.

 

Holders of temporary
Notes shall be entitled to all of the benefits of this Indenture.

 

Section 2.11.      Cancellation.
The Issuer at any time may deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder
or which the Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the
Trustee. All Notes surrendered for registration of transfer, exchange or payment, if surrendered to any Person other than the
Trustee, shall be delivered to the Trustee. The Trustee and no one else shall cancel all Notes surrendered for registration of
transfer, exchange, payment, replacement or cancellation. Subject to Sections 2.7 and 2.16, the Issuer may not issue new Notes
to replace Notes that it has redeemed or paid or that have been delivered to the Trustee for cancellation. All cancelled Notes
held by the Trustee shall be disposed of in accordance with its customary practice.

 

Section 2.12.      Defaulted
Interest. If the Issuer defaults in a payment of interest on the Notes, it shall pay the defaulted interest in any lawful
manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent
special record date, which date shall be the earliest practicable date but in all events at least five Business Days prior to
the payment date, in each case at the rate provided in the Notes and in Section 4.1; provided that no special record
date shall be required with respect to any defaulted interest that is paid within the applicable grace period. The Issuer shall
fix or cause to be fixed each such special record date and payment date and shall promptly thereafter notify the Trustee of any
such date. At least 15 days before the special record date, the Issuer (or the Trustee, in the name and at the expense of the
Issuer) shall mail or cause to be mailed to Holders a notice that states the special record date, the related payment date and
the amount of such interest to be paid. The Trustee will have no duty whatsoever to determine whether any defaulted interest is
payable or the amount thereof.

 

Section 2.13.      Computation
of Interest. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

 

Section 2.14.      CUSIP
and ISIN Numbers. The Issuer in issuing the Notes may use “CUSIP” and “ISIN” numbers, and, if it does
so, the Trustee shall use the CUSIP and/or ISIN number in notices of redemption or exchange as a convenience to Holders; provided
that any such notice may state that no representation is made as to the correctness or accuracy of such numbers printed in
the notice or on the Notes and that reliance may be placed only on the other identification numbers printed on the Notes, and
any such redemption or exchange shall not be affected by any defect in or omission of such numbers. The Issuer shall promptly
notify the Trustee in writing of any change in the CUSIP number and ISIN number.

 

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Section 2.15.      Transfer
and Exchange.

 

(a)            The
following provisions shall apply with respect to any proposed transfer of a Rule 144A Note or an Institutional Accredited
Investor Note prior to the date which is one year after the later of the date of its original issue, the original issue date of
any Additional Notes and the last date on which the Issuer or any Affiliate of the Issuer was the owner of such securities (or
any predecessor thereto) (the “Resale Restriction Termination Date”):

 

(1)            a
transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a beneficial interest therein to a QIB shall
be made upon the representation of the transferee, in the form of assignment as set forth on the reverse of the Note, that it
is purchasing the Note for its own account or an account with respect to which it exercises sole investment discretion and that
it and any such account is a QIB, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges
that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has
determined not to request such information and that it is aware that the transferor is relying upon its foregoing representations
in order to claim the exemption from registration provided by Rule 144A;

 

(2)            a
transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a beneficial interest therein to an IAI shall
be made upon receipt by the Trustee or its agent of a certificate substantially in the form set forth under Exhibit D
from the proposed transferee and, if requested by the Issuer or the Trustee, the receipt by the Trustee or its agent of an
Opinion of Counsel, certification and/or other information satisfactory to each of them; and

 

(3)            a
transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a beneficial interest therein to a non-U.S.
person shall be made upon receipt by the Trustee or its agent of a certificate substantially in the form set forth under Exhibit C
from the proposed transferor and, if requested by the Issuer or the Trustee, the delivery of an Opinion of Counsel, certification
and/or other information satisfactory to each of them.

 

After the Resale Restriction
Termination Date, interests in a Rule 144A Note or an Institutional Accredited Investor Note may be transferred in accordance
with applicable law without requiring the certifications set forth under Exhibit C or D or any additional certification.

 

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(b)          The
following provisions shall apply with respect to any proposed transfer of a Regulation S Note prior to the date which is 40 days
after the later of the Issue Date, the closing date of the issuance of any Additional Notes and when the Notes or any predecessor
of the Notes are first offered to Persons other than distributors (as defined in Rule 902 of Regulation S) in reliance on
Regulation S (the “Restricted Period”):

 

(1)            a
transfer of a Regulation S Note or a beneficial interest therein to a QIB shall be made upon the representation of the transferee,
in the form of assignment as set forth on the reverse of the Note, that it is purchasing the Note for its own account or an account
with respect to which it exercises sole investment discretion and that it and any such account is a QIB, and is aware that the
sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer
as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware
that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by
Rule 144A;

 

(2)            a
transfer of a Regulation S Note or a beneficial interest therein to an IAI shall be made upon receipt by the Trustee or its
agent of a certificate substantially in the form set forth under Exhibit D from the proposed transferee and, if requested
by the Issuer or the Trustee, the delivery of an Opinion of Counsel, certification and/or other information satisfactory to each
of them; and

 

(3)            a
transfer of a Regulation S Note or a beneficial interest therein to a non-U.S. person shall be made upon receipt by the Trustee
or its agent of a certificate substantially in the form set forth under Exhibit C from the proposed transferor and,
if requested by the Issuer or the Trustee, receipt by the Trustee or its agent of an Opinion of Counsel, certification and/or other
information satisfactory to each of them.

 

After the expiration
of the Restricted Period, interests in the Regulation S Note may be transferred in accordance with applicable law without requiring
the certifications set forth under Exhibit C or D or any additional certification

 

(c)          In
the event that a Global Note is exchanged for Notes in certificated, registered form pursuant to Section 2.6, such Notes may
be exchanged only in accordance with such procedures as are substantially consistent with the provisions of Sections 2.15(a) and
2.15(b) (including the certification requirements intended to ensure that such transfers comply with Rule 144A or Regulation
S, as the case may be) and such other procedures as may from time to time be adopted by the Issuer and notified to the Trustee
in writing.

 

(d)          Restricted
Notes Legend. Upon the transfer, exchange or replacement of Notes not bearing the Restricted Notes Legend, the Registrar shall
deliver Notes that do not bear the Restricted Notes Legend. Upon the transfer, exchange or replacement of Notes bearing the Restricted
Notes Legend, the Registrar shall deliver only Notes that bear the Restricted Notes Legend unless there is delivered to the Registrar
an Opinion of Counsel reasonably satisfactory to the Issuer to the effect that neither such legend nor the related restrictions
on transfer are required in order to maintain compliance with the provisions of the Securities Act.

 

(e)            Regulation
S Legend. Upon the transfer, exchange or replacement of Notes not bearing the Regulation S Legend, the Registrar shall deliver
Notes that do not bear the Regulation S Legend. Upon the transfer, exchange or replacement of Notes bearing the Regulation S Legend,
the Registrar shall deliver only Notes that bear the Regulation S Legend unless there is delivered to the Registrar an Opinion
of Counsel reasonably satisfactory to the Issuer to the effect that neither such legend nor the related restrictions on transfer
are required in order to maintain compliance with the provisions of the Securities Act.

 

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(f)           General.
By its acceptance of any Note bearing the Restricted Notes Legend or the Regulation S Legend, as applicable, each Holder of such
a Note acknowledges the restrictions on transfer of such Note set forth in this Indenture and in the Restricted Notes Legend or
the Regulation S Legend, as applicable, and agrees that it shall transfer such Note only as provided in this Indenture. A transfer
of a beneficial interest in a Global Note that does not involve an exchange of such interest for a certificated Note or a beneficial
interest in another Global Note shall be subject to compliance with applicable law and the applicable procedures of the Depositary
but is not subject to any procedure required by this Indenture.

 

In connection with
any proposed transfer pursuant to Regulation S or pursuant to any other available exemption from the registration requirements
of the Securities Act (other than pursuant to Rule 144A), the Issuer may require the delivery of an Opinion of Counsel, other
certifications or other information satisfactory to the Issuer.

 

The Registrar shall
retain copies of all letters, notices and other written communications received pursuant to this Section 2.15, in accordance
with its procedures and the record retention requirements of the Exchange Act.

 

Section 2.16.    Issuance
of Additional Notes. The Issuer shall be entitled to issue Additional Notes in an unlimited aggregate principal amount under
this Indenture that shall have identical terms as the Initial Notes, other than with respect to the date of issuance, issue price,
first interest payment date applicable thereto and the first date from which interest will accrue; provided that such issuance
is not prohibited by the terms of this Indenture, including Section 4.9, and provided, further, that if any
Additional Notes are not fungible with the existing Notes for U.S. federal income tax purposes, such Additional Notes shall have
one or more separate CUSIP and ISIN numbers. The Initial Notes and any Additional Notes shall otherwise be treated as a single
class for all purposes under this Indenture.

 

With respect to any
Additional Notes, the Issuer shall deliver to the Trustee an Officer’s Certificate containing the following information:

 

(1)            the
aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture;

 

(2)            the
issue price, the issue date, the CUSIP and/or ISIN number of such Additional Notes, the first interest payment date and the amount
of interest payable on such first interest payment date applicable thereto and the date from which interest shall accrue;

 

(3)            whether
such Additional Notes shall be Transfer Restricted Notes; and

 

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(4)            that
such issuance is not prohibited by this Indenture.

 

The Trustee shall,
upon receipt of the Officer’s Certificate and the documents required by 11.2, authenticate the Additional Notes in accordance
with the provisions of Section 2.2 of this Indenture.

 

ARTICLE III

REDEMPTION AND PREPAYMENT

 

Section 3.1.      Notices
to Trustee. If the Issuer elects to redeem Notes pursuant to the optional redemption provisions of Section 3.7, it shall
furnish to the Trustee, at least five Business Days (or such shorter period as is acceptable to the Trustee) before sending a
notice of such redemption, an Officer’s Certificate setting forth the (i) the paragraph of the Notes and/or section
of this Indenture pursuant to which the redemption shall occur, (ii) redemption date (which, in the case of a redemption
subject to conditions, may be subject to extension until such conditions are satisfied), (iii) principal amount of Notes
to be redeemed and (iv) the redemption price or the method for determining the redemption price.

 

Section 3.2.      Selection
of Notes to Be Redeemed. In the event that less than all of the Notes are to be redeemed at any time, the Trustee shall select
the Notes (or portions of Notes) to be redeemed among the Holders in compliance with the requirements of the principal national
securities exchange, if any, on which the Notes are listed or, if the Notes are not then listed on a national securities exchange,
by lot or on a pro rata basis (except that any Notes represented by a Global Note will be redeemed by such method the Depositary
may require); provided, however, that no Notes of a minimum of $2,000 in original principal amount or less shall
be redeemed in part. Notwithstanding anything to the contrary stated herein, to the extent any such Notes are held in the form
of Global Notes, the Notes to be redeemed shall be selected in accordance with the applicable procedures and requirements of DTC.

 

Section 3.3.      Notice
of Redemption. The Issuer shall mail or cause to be mailed (in each case sent by first class mail) in accordance with Section 11.1
and, in the case of Global Notes given in accordance with DTC procedures, a notice of redemption pursuant to Section 3.7
to each Holder whose Notes are to be redeemed at its registered address (with a copy to the Trustee), at least ten days but not
more than 60 days before the expected redemption date (except that notices may be delivered more than 60 days before a redemption
date if the notice is issued in accordance with Article VIII) (which, in the case of a redemption subject to conditions,
may be subject to extension of not more than three months until such conditions are satisfied).

 

The notice shall identify
the Notes to be redeemed (including the name of the Notes, the series, “CUSIP” numbers and corresponding “ISINs,”
if applicable, interest rate, maturity date and, if known, certificate numbers) and shall state:

 

(1)            the
redemption date (which, in the case of a redemption subject to conditions, may be subject to extension until such conditions are
satisfied);

 

(2)           the
redemption price (or the method by which it is to be determined);

 

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(3)           if
any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the redemption
date, upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion shall be issued upon
cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will be made,
as appropriate);

 

(4)           the
name and address of the Paying Agent;

 

(5)           that
Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price;

 

(6)           that,
unless the Issuer defaults in making such redemption payment, interest, if any, on Notes called for redemption ceases to accrue
on and after the redemption date;

 

(7)           the
paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed;

 

(8)           that
no representation is made as to the correctness or accuracy of the CUSIP number and ISIN number, if any, listed in such notice
or printed on the Notes; and

 

(9)           any
conditions precedent to such redemption.

 

At the Issuer’s
written request, the Trustee shall give the notice of redemption in the Issuer’s name and at the Issuer’s expense;
provided, however, that the Issuer shall have delivered to the Trustee, at least five Business Days prior to the
date of the giving of the notice of redemption (or such shorter period as is acceptable to the Trustee), an Officer’s Certificate
requesting that the Trustee give such notice and setting forth the information to be stated in the notice as provided in the preceding
paragraph. The notice sent in the manner herein provided shall be deemed to have been duly given whether or not the Holder receives
such notice. In any case, failure to give such notice or any defect in the notice to the Holder of any Note shall not affect the
validity of the proceeding for the redemption of any other Note.

 

Section 3.4.      Effect
of Notice of Redemption. Subject to the next paragraph, once notice of redemption is delivered in accordance with Section 3.3,
Notes called for redemption become due and payable on the redemption date at the applicable redemption price.

 

Any notice of redemption
may, at the Issuer’s discretion, be subject to the satisfaction or waiver of one or more conditions precedent, including
completion of an Equity Offering, financing transaction, Change of Control or other corporate transaction. In addition, if such
redemption is subject to satisfaction or waiver of one or more conditions precedent, such notice shall state that, in the Issuer’s
discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied or waived, or
such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been
satisfied or waived by the redemption date, or by the redemption date so delayed. The Issuer shall provide written notice of the
satisfaction or waiver of such conditions, the delay of such redemption date or the rescission of such notice of redemption to
the Trustee and the Holders no later than the Business Day prior to the redemption date, and upon receipt the Trustee shall provide
such notice to each Holder in the same manner in which the notice of redemption was given.

 

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Section 3.5.      Deposit
of Redemption Price. On or before 1:00 p.m. (New York City time) on the redemption date, the Issuer shall deposit with
the Trustee or with the Paying Agent (other than the Issuer or an Affiliate of the Issuer) money sufficient to pay the redemption
price, together with accrued and unpaid interest, if any, to the applicable redemption date on all Notes to be redeemed on that
date. The Trustee or the Paying Agent shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent
by the Issuer in excess of the amounts necessary to pay the redemption price and accrued and unpaid interest, if any, to the applicable
redemption date on all Notes to be redeemed.

 

If the Issuer has
deposited with the Trustee or Paying Agent money sufficient to pay the redemption price of, and unpaid and accrued interest, if
any, on, all Notes to be redeemed, on and after the redemption, interest shall cease to accrue on the Notes or the portions of
Notes called for redemption (regardless of whether certificates for such securities are actually surrendered). If a Note is redeemed
on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest
shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called
for redemption shall not be so paid upon surrender for redemption because of the failure of the Issuer to comply with the preceding
paragraph, interest shall be paid on the unpaid principal from the redemption date until such principal is paid, and to the extent
lawful on any interest not paid on such unpaid principal, in each case, at the rate provided in the Notes and in Section 4.1.

 

Section 3.6.      Notes
Redeemed in Part. Upon surrender and cancellation of a Note that is redeemed in part, the Issuer shall issue and, upon the
written request of an Officer of the Issuer, the Trustee shall authenticate for the Holder at the expense of the Issuer a new
Note equal in principal amount to the unredeemed portion of the Note surrendered and canceled; provided that each such
new Note will be in a minimum principal amount of $2,000 or integral multiples of $1,000 in excess thereof.

 

Section 3.7.      Optional
Redemption.

 

(a)          The
Notes may be redeemed, in whole or in part, at any time or from time to time prior to February 15, 2024 at the option of
the Issuer, at a redemption price equal to 100.0% of the principal amount of the Notes redeemed plus the Applicable Premium as
of, and accrued and unpaid interest thereon, if any, to, but excluding, the applicable redemption date (subject to the right of
Holders of record on the relevant record date to receive interest due on the relevant interest payment date).

 

(b)          At
any time or from time to time on or after February 15, 2024, the Issuer, at its option, may redeem the Notes in whole or in
part, at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, together
with accrued and unpaid interest thereon, if any, to, but excluding, the applicable redemption date (subject to the right of Holders
of record on the relevant record date to receive interest due on the relevant interest payment date that is on or prior to the
applicable redemption date), if redeemed during the 12-month period beginning on February 15 of the years indicated below:

 

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	Year	 	Redemption Price	 
	2024	 	 	103.188	%
	2025	 	 	101.594	%
	2026 and thereafter	 	 	100.000	%

 

(c)          In
the event that prior to February 15, 2024, the Issuer receives net cash proceeds from one or more Equity Offerings, the Issuer
may use an amount not greater than the amount of such net cash proceeds to redeem up to 40.0% of the original aggregate principal
amount of all Notes issued (calculated after giving effect to any issuance of Additional Notes) at a redemption price of 106.375%
of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date (subject
to the rights of Holders of Notes on the relevant regular record date to receive interest due on the relevant interest payment
date that is on or prior to the applicable redemption date); provided that:

 

(1)            at
least 50.0% of the aggregate principal amount of Notes issued on the Issue Date remains outstanding immediately after giving effect
to each such redemption; and

 

(2)            the
redemption occurs not more than 120 days after the date of the closing of any such Equity Offering.

 

(d)          If
Holders of not less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes
in connection with any tender offer or other offer to purchase the Notes (including pursuant to a Change of Control Offer, Alternate
Offer or an offer to purchase with the proceeds from any Asset Disposition) and the Issuer, or any other Person making such offer
in lieu of the Issuer, purchases all of the Notes validly tendered and not validly withdrawn by such Holders, the Issuer will have
the right, upon not less than ten nor more than 60 days’ prior notice, to redeem all Notes that remain outstanding following
such purchase (and the Holders of such remaining Notes shall be deemed to have consented to surrender their Notes) at a redemption
price in cash equal to the applicable price paid to Holders in such purchase, plus accrued and unpaid interest, if any, to but
excluding the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on
an interest payment date that is on or prior to the date of redemption).

 

(e)            Nothing
in this Indenture shall limit the ability of the Issuer or its Affiliates to purchase or acquire Notes in open-market purchases,
tender or exchange offers or other negotiated transactions or otherwise.

 

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ARTICLE IV

COVENANTS

 

Section 4.1.        Payment
of Notes.

 

(a)            The
Issuer shall pay or cause to be paid the principal of, premium, if any, and interest on the Notes on the dates and in the manner
provided in the Notes. Principal, premium, if any, and interest shall be considered paid for all purposes hereunder on the date
the Trustee or the Paying Agent (if other than the Issuer or a Subsidiary thereof) holds, as of 1:00 p.m. (New York City
time) on the relevant payment date, U.S. dollars deposited by the Issuer in immediately available funds and designated for and
sufficient to pay all such principal, premium, if any, and interest then due.

 

(b)            The
Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at
the rate equal to the then-applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace
period), at the same rate to the extent lawful.

 

Section 4.2.        Maintenance
of Office or Agency. The Issuer shall maintain an office or agency in the United States where Notes may be surrendered for
registration of transfer or for exchange and where notices and demands to or upon the Issuer and the Subsidiary Guarantors in
respect of the Notes and this Indenture may be served. The Issuer shall give prompt written notice to the Trustee of the location,
and any change in the location, of such office or agency. If at any time the Issuer shall fail to maintain any such required office
or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may
be made or served at the Corporate Trust Office of the Trustee; provided that, no office of the Trustee shall be an office or
agency of the Issuer for the purposes of service of legal process on the Issuer or any Subsidiary Guarantor, and the Trustee shall
have no duty to cause any such presentations, surrenders, notices or demands to be delivered to the Issuer.

 

The Issuer may also
from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all
such purposes and may from time to time rescind such designations; provided that no such designation or rescission shall
in any manner relieve the Issuer of its obligation to maintain an office or agency in the United States for such purposes. The
Issuer shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location
of any such other office or agency.

 

The Issuer hereby
designates the Corporate Trust Office of the Trustee as one such office or agency of the Issuer in accordance with Section 2.3.

 

Section 4.3.        Provision
of Financial Information.

 

(a)            Whether
or not the Issuer is subject to Section 13(a) or 15(d) of the Exchange Act, or any successor provision thereto,
the Issuer shall provide to the Trustee and Holders the annual reports, quarterly reports and other reports which the Issuer would
have been required to file with the SEC pursuant to such Section 13(a) or 15(d), or any successor provision thereto
if the Issuer were so required, such documents to be provided to the Trustee and Holders on or prior to the respective dates by
which the Issuer would have been required to file such documents with the SEC if the Issuer were so required (including any applicable
extensions thereto); provided that any such reports and documents filed with the SEC pursuant to its Electronic Data Gathering,
Analysis and Retrieval system (“EDGAR”) (or any successor system) or made publicly available on the Issuer’s
website shall be deemed to have been delivered to the Trustee and the Holders of Notes for purposes of the foregoing requirements.

 

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(b)           So
long as any of the Notes remain outstanding, if at any time the Issuer is not subject to Section 13(a) or 15(d) under
the Exchange Act, the Issuer will make available to any prospective purchaser of Notes or beneficial owner of Notes, upon their
request, the information required by Rule 144A(d)(4) under the Securities Act, until such time as the Holders of the
Notes, other than Holders that are Affiliates of the Issuer, are able to sell all such Notes immediately without restriction pursuant
to the provisions of Rule 144 under the Securities Act, or any successor provision thereto.

 

(c)           In
the event that any direct or indirect parent company of the Issuer becomes a guarantor of the Notes, the Issuer may satisfy its
obligations under this Section 4.3 with respect to financial information relating to the Issuer by furnishing financial information
relating to such parent company; provided that, to the extent that, in the reasonable judgment of the Issuer there are material
differences between the financial information of the Issuer, on the one hand, and such parent company, on the other hand, the same
shall be accompanied by consolidating information that explains in reasonable detail the differences between the information relating
to such parent company, on the one hand, and the information relating to the Issuer and its Subsidiaries on a stand-alone basis,
on the other hand. The Issuer will be deemed to have furnished the reports referred to in this Section 4.3 if the Issuer or
any parent company has filed the corresponding reports containing such information relating to the Issuer or such parent company
with the SEC via the EDGAR filing system (or any successor system).

 

(d)           So
long as any of the Notes remain outstanding (unless restricted by law, including in connection with any proposed securities offering),
the Issuer will:

 

(1)            not
later than 15 Business Days after filing or furnishing a copy of each of the reports referred to in this Section 4.3 with
the SEC or the Trustee, hold a conference call to discuss the results of operations for the relevant reporting period, with the
opportunity to ask questions of management (the Issuer may satisfy the requirements of this clause (1) by holding the required
conference call within the time period required by this clause (1) as part of any earnings call of the Issuer or any parent);
and

 

(2)            issue
a press release or otherwise announce to the Holders prior to the date of the conference call required to be held in accordance
with this paragraph, announcing the time and date of such conference call and either including all information necessary to access
the call or directing Holders, prospective investors, broker-dealers and securities analysts to contact the appropriate person
at the Issuer to obtain such information.

 

(e)           Any
and all Defaults or Events of Default arising from a failure to furnish in a timely manner any information required by this Section 4.3
shall be deemed cured and no longer continuing (and the Issuer shall be deemed to be in compliance with this Section 4.3)
upon furnishing such information as contemplated by this Section 4.3 (but without regard to the date on which such financial
statement or report is so furnished).

 

(f)           Delivery
of reports and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute
actual or constructive knowledge or notice of any information contained therein or determinable from information contained therein,
including the Issuer’s or any Subsidiary Guarantor’s, as the case may be, compliance with any of its covenants under
this Indenture (which the Trustee has no duty to monitor and as to which the Trustee is entitled to rely exclusively on Officer’s
Certificates of the Issuer, if presented to the Trustee). The Trustee shall have no obligation or responsibility to determine
whether the Issuer is required to file any reports or other information with the SEC, whether the Issuer’s information is
available on EDGAR (or any successor system) or whether the Issuer has otherwise delivered any notice or report in accordance
with the requirements specified in this Section 4.3.

 

Section 4.4.       Compliance
Certificate.

 

(a)           The
Issuer shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Issuer, beginning with the fiscal
year ending December 31, 2021, an Officer’s Certificate stating whether the Officers signing such certificate know of
any Event of Default that occurred during such fiscal year.

 

(b)           The
Issuer shall, so long as any of the Notes are outstanding, deliver to the Trustee, within 30 days of any executive Officer having
knowledge thereof, written notice of any event that is continuing which constitutes a Default, its status and what action the
Issuer is taking or proposes to take in respect thereof.

 

Section 4.5.       Taxes.
The Issuer shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency all material taxes, assessments
and governmental levies, except such as are contested in good faith and by appropriate proceedings and with respect to which appropriate
reserves have been taken in accordance with GAAP or where the failure to effect such payment is not adverse in any material respect
to the Holders of the Notes.

 

Section 4.6.       Stay,
Extension and Usury Laws. The Issuer and each of the Subsidiary Guarantors covenants (to the extent that it may lawfully do
so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any
stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance
of this Indenture, and the Issuer and each of the Subsidiary Guarantors (to the extent that it may lawfully do so) hereby expressly
waives all benefit or advantage of any such law, and covenants that it shall not, by resort to any such law, hinder, delay or
impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power
as though no such law has been enacted.

 

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Section 4.7.       Limitation
on Restricted Payments.

 

(a)           The
Issuer shall not, and shall not permit any Restricted Subsidiary to:

 

(1)            directly
or indirectly, declare or pay any dividend on, or make any distribution (including any payment in connection with any merger or
consolidation derived from assets of the Issuer or any Restricted Subsidiary) in respect of its Capital Stock or to the holders
thereof in their capacity as holders of Capital Stock, other than:

 

(i)            any
dividends or distributions by the Issuer payable solely in shares of its Capital Stock (other than Redeemable Stock) or in options,
warrants or other rights to acquire its Capital Stock (other than Redeemable Stock); and

 

(ii)           in
the case of a Restricted Subsidiary, dividends or distributions payable to the Issuer or a Restricted Subsidiary or, in the case
of dividends or distributions made by a Restricted Subsidiary that is not wholly owned, dividends or distributions are made on
a pro rata basis (or on a basis more favorable to the Issuer);

 

(2)            purchase,
redeem or otherwise acquire or retire for value any Capital Stock of the Issuer, other than in exchange for Capital Stock (other
than Redeemable Stock) of the Issuer thereof;

 

(3)            make
any Investment in any Person, other than a Permitted Investment; and

 

(4)            redeem,
repurchase, defease, prepay or otherwise acquire or retire for value, prior to any scheduled maturity, repayment or sinking fund
payment, any Subordinated Debt (other than Debt owed by the Issuer or any Restricted Subsidiary to another Restricted Subsidiary
or the Issuer, or any such payment on Debt due within one year of the date of redemption, repurchase, defeasance, prepayment, decrease
or other acquisition or retirement)

 

(each of clauses (1) through
(4) above being a “Restricted Payment”) unless:

 

(i)             no
Default or Event of Default has occurred and is continuing or would result from such Restricted Payment;

 

(ii)            after
giving pro forma effect to such Restricted Payment as if such Restricted Payment had been made at the beginning of the applicable
four fiscal-quarter period, the Issuer could Incur at least $1.00 of additional Debt pursuant to Section 4.9(a); and

 

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(iii)           upon
giving effect to such Restricted Payment, the aggregate amount of all Restricted Payments declared or made subsequent to the Merger
Closing Date (other than pursuant to clauses (2) and (4) through (17) of Section 4.7(b)) does not exceed the sum
of:

 

(1)           an
amount (which may not be less than zero) equal to 50% of cumulative Consolidated Net Income (or, in the case Consolidated Net Income
shall be negative, less 100% of such deficit) of the Issuer since January 1, 2021 through the last day of the last full fiscal
quarter ending immediately preceding the date of such Restricted Payment for which quarterly or annual financial statements are
publicly available (taken as a single accounting period); plus

 

(2)           (i) 100%
of the aggregate net cash proceeds, and the Fair Market Value of property other than cash, in each case received by the Issuer
or a Restricted Subsidiary after the Merger Closing Date from contributions of capital or the issuance and sale (other than to
a Subsidiary of the Issuer and Excluded Contributions) of Capital Stock (other than Redeemable Stock) of the Issuer or any options,
warrants or other rights to acquire Capital Stock (other than Redeemable Stock) of the Issuer, or any net payment received by the
Issuer in connection with the termination or settlement of options relating to its Capital Stock; provided that any such
net proceeds received by the Issuer from an employee stock ownership plan financed by loans from the Issuer or its Subsidiaries
shall be included only to the extent such loans have been repaid with cash on or prior to the date of determination, (ii) 100%
of the aggregate net cash proceeds received by the Issuer after the Merger Closing Date from the issuance and sale of convertible
or exchangeable Debt of the Issuer that has been converted into or exchanged for Capital Stock (other than Redeemable Stock and
other than by or from a Subsidiary of the Issuer and Excluded Contributions) of the Issuer; provided that any such net proceeds
received by the Issuer from an employee stock ownership plan financed by loans from the Issuer or its Subsidiaries shall be included
only to the extent such loans have been repaid with cash on or prior to the date of determination, and (iii) without duplication,
any reduction of Debt on the balance sheet of the Issuer to the extent such Debt is converted into or exchanged for Capital Stock
of the Issuer (other than Redeemable Stock) after the Merger Closing Date; plus

 

(3)           in
the case of a Disposition, liquidation or repayment (including by way of dividends) of Investments by the Issuer and its Restricted
Subsidiaries, subsequent to the Merger Closing Date, in any Person subject to clause (3) above, an amount (to the extent not
included in Consolidated Net Income) equal to the lesser of the return on capital with respect to such Investment and the initial
amount of such Investment, in either case, less the cost of the Disposition of such Investment and net of taxes; plus

 

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(4)            in
the case of a designation of an Unrestricted Subsidiary as a Restricted Subsidiary, the Fair Market Value of the Issuer’s
interest in such Subsidiary; plus

 

(5)            $50.0
million.

 

(b)           Notwithstanding
the foregoing, Section 4.7(a) will not prohibit:

 

(1)            payment
of any dividend on Capital Stock of any class within 60 days after the declaration thereof, or redemption of any Subordinated Debt
within 30 days after giving notice of redemption thereof, if, on the date when the dividend was declared or such notice of redemption
given, the Issuer or such Restricted Subsidiary could have paid such dividend or redeemed such Subordinated Debt in accordance
with this Section 4.7;

 

(2)            repayment
or refinancing of any Subordinated Debt with Permitted Refinancing Debt, or any Restricted Payment made in exchange for, by conversion
into or out of the net proceeds of the substantially concurrent sale (other than from or to a Subsidiary of the Issuer or from
or to an employee stock ownership plan financed by loans from the Issuer or its Subsidiaries) of shares of Capital Stock (other
than Redeemable Stock) of the Issuer;

 

(3)            the
acquisition of shares of Capital Stock in connection with (x) the exercise of employee or director stock options or stock
appreciation rights by way of cashless exercise and the withholding of a portion of such Capital Stock to pay taxes associated
therewith, and (y) the purchase of fractional shares of Capital Stock of the Issuer or any Restricted Subsidiary arising out
of stock dividends, splits or combinations or business combinations, or in connection with the exercise of warrants, options or
other securities convertible or exchangeable for Capital Stock of the Issuer or any Restricted Subsidiary;

 

(4)            the
acquisition of shares of the Issuer’s Capital Stock pursuant to equity repurchases from future, present or former directors,
officers or employees in an amount of up to $5.0 million per any fiscal year (with unused amounts in any period permitted to be
carried over to succeeding periods until used in full; provided that the total amount of such purchases or redemptions under
this clause (4) in any fiscal year shall not exceed $10.0 million);

 

(5)            dividends
on Redeemable Stock of the Issuer or a Restricted Subsidiary, or dividends on Preferred Stock of a Restricted Subsidiary, in each
case Incurred in compliance with Section 4.9;

 

(6)            the
payment of cash in lieu of the issuance of Capital Stock in connection with the exercise of warrants or options, or the conversion,
retirement, repurchase or redemption of any series of convertible debt securities of the Issuer or its Restricted Subsidiaries;

 

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(7)            upon
the occurrence of a Change of Control, an Alternate Offer or an Asset Disposition and after the completion of the Offer to Purchase
under Section 4.10 or 4.13 (including the purchase of all Notes tendered and required to be purchased), any purchase, repurchase,
redemption, defeasance, acquisition or other retirement for value of Subordinated Debt, Redeemable Stock or Preferred Stock required
under the terms thereof as a result of such Change of Control, Alternate Offer or Asset Disposition at a purchase or redemption
price not to exceed 101% (in the case of a Change of Control) or 100% (in the case of an Asset Disposition) of the outstanding
principal amount thereof, plus accrued and unpaid interest thereon, if any; provided that, in the case of an Asset Disposition,
such purchase, repurchase, redemption, defeasance, acquisition or other retirement for value of Subordinated Debt, Redeemable Stock
or Preferred Stock does not exceed the Net Available Cash Proceeds from such Asset Disposition;

 

(8)            the
payment of the deferred purchase price or earn-outs, including holdbacks (and the receipt of any corresponding consideration therefor),
or payments with respect to fractional shares, in each case in connection with an acquisition to the extent such payment would
have been permitted by this Indenture at the time of such acquisition;

 

(9)            any
payment that is intended to prevent any Debt from being treated as an “applicable high yield discount obligation” within
the meaning of Section 163(i)(1) of the Code;

 

(10)          so
long as no Default or Event of Default has occurred and is continuing or would be caused hereby, the declaration and payment of
dividends or distributions on Capital Stock of the Issuer in an aggregate amount not to exceed 6.00% of Market Capitalization
in any fiscal year;

 

(11)          Restricted
Payments that are made with Excluded Contributions;

 

(12)          the
Issuer may repurchase shares of its common stock from the Insurance Subsidiary (A) in an amount necessary to (i) pay
operating costs and expenses of the Insurance Subsidiary incurred in the ordinary course of business (not to exceed $250,000 per
fiscal year of the Issuer) and (ii) permit the Insurance Subsidiary to make payments on insurance claims of the Issuer and/or
any of its Subsidiaries with the proceeds of such repurchase and (B) in exchange for the issuance of one or more notes or
other forms of Debt owed to the Insurance Subsidiary;

 

(13)          the
Insurance Subsidiary may purchase shares of the common stock of the Issuer from the Issuer or any Restricted Subsidiary;

 

(14)          Restricted
Payments in an aggregate amount such that, after giving pro forma effect thereto, the Total Net Leverage Ratio of the Issuer would
not exceed 2.75 to 1.00;

 

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(15)            other
Restricted Payments in an aggregate amount not to exceed $100.0 million in any fiscal year;

 

(16)            payments
to consummate the Transactions and to pay amounts pursuant to the Merger Agreement; and

 

(17)            payments
or distributions of Securitization Fees;

 

provided,
however, that at the time of, and after giving effect to, any Restricted Payment permitted under clauses (4), (5), (7),
(10), (14) and (15), no Default shall have occurred and be continuing or would otherwise occur as a consequence thereof.

 

(c)            For
purposes of determining compliance with this Section 4.7, if a Restricted Payment meets the criteria of more than one of
the types of Restricted Payments described in clauses (1) through (17) of Section 4.7(b) or pursuant to Section 4.7(a),
the Issuer, in its sole discretion, may divide, order and classify, and subsequently reorder and reclassify, such Restricted Payment
in any manner in compliance with this Section 4.7 and shall only be required to include the amount in one of such clauses.

 

Section 4.8.        Limitation
on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.

 

(a)            The
Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or permit to exist or become
effective any contractual encumbrance or restriction on the ability of any Restricted Subsidiary:

 

(1)            to
pay dividends (in cash or otherwise) or make any other distributions in respect of its Capital Stock owned by the Issuer or any
other Restricted Subsidiary or pay any Debt or other obligation owed to the Issuer or any other Restricted Subsidiary (it being
understood that the priority of any Preferred Stock in receiving dividends, distributions or liquidating distributions prior to
dividends, distributions or liquidating distributions being paid on Capital Stock shall not be deemed a restriction on the ability
to make distributions on Capital Stock);

 

(2)            to
make loans or advances to the Issuer or any other Restricted Subsidiary; or

 

(3)            otherwise
to transfer any of its property or assets to the Issuer or any other Restricted Subsidiary.

 

(b)           Notwithstanding
the restrictions in Section 4.8(a), the Issuer may, and may permit any Restricted Subsidiary to, suffer to exist any such
encumbrance or restriction:

 

(1)            pursuant
to any agreement in effect on the Merger Closing Date (including the Senior Credit Facilities and other documents relating to the
Senior Credit Facilities);

 

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(2)            pursuant
to this Indenture, the Notes and the Subsidiary Guarantees;

 

(3)            pursuant
to an agreement relating to any Debt Incurred by or Capital Stock of a Person (other than a Restricted Subsidiary existing on the
Merger Closing Date or any Restricted Subsidiary carrying on any of the businesses of any such Restricted Subsidiary) prior to
the date on which such Person became a Restricted Subsidiary and outstanding on such date and not Incurred in connection with,
or anticipation of, becoming a Restricted Subsidiary; provided that the Incurrence of such Debt was permitted under Section 4.9;

 

(4)            pursuant
to an agreement effecting a renewal, refunding, replacement, refinancing or extension of Debt Incurred pursuant to an agreement
referred to in clause (1) or (3) of this Section 4.8(b); provided, however, that the provisions contained
in such renewal, refunding, replacement, refinancing or extension agreement relating to such encumbrance or restriction are not
materially more restrictive, taken as a whole, than the provisions contained in the agreement being renewed, refunded, replaced,
refinanced or extended (as conclusively determined by the Issuer in good faith);

 

(5)            in
the case of a restriction described in clause (3) of Section 4.8(a), contained in any security agreement securing Debt
of a Restricted Subsidiary otherwise permitted under this Indenture, but only to the extent such restrictions restrict the transfer
of the assets or property subject to such security agreement; provided that any such encumbrance or restriction is released
to the extent the underlying Lien is released or the related Debt repaid;

 

(6)            customary
restrictions in leases (including finance leases), subleases, licenses, sublicenses, security agreements or mortgages or other
purchase money obligations for property acquired in the ordinary course of business that impose restrictions on the property purchased
or leased of the nature described in clause (3) of Section 4.8(a);

 

(7)            Liens
permitted to be Incurred pursuant to Section 4.12 that limit the right of the debtor to Dispose of the assets subject to such
Liens;

 

(8)            with
respect to a Restricted Subsidiary, imposed pursuant to an agreement which has been entered into for the sale or Disposition of
all or substantially all of the Capital Stock or assets of such Restricted Subsidiary; provided that such restriction terminates
if such transaction is closed or abandoned;

 

(9)            in
bona fide contracts for the sale of any property or assets;

 

(10)          any
encumbrance or restriction contained in the terms of any Debt or Capital Stock otherwise permitted to be Incurred under this Indenture
if the Issuer determines that any such encumbrance or restriction either (i) will not materially affect the Issuer’s
ability to make principal or interest payments on the Notes and such restrictions are not materially less favorable to Holders
of Notes than is customary in comparable financings or (ii) are not materially more restrictive, taken as a whole, with respect
to any Restricted Subsidiary than those in effect on the Merger Closing Date with respect to that Restricted Subsidiary pursuant
to agreements in effect on the Merger Closing Date or those contained in this Indenture or the Senior Credit Facilities, in each
case as determined in good faith by the Board of Directors or an Officer of the Issuer;

 

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(11)            restrictions
applicable to Foreign Subsidiaries in agreements or instruments governing Debt of Foreign Subsidiaries;

 

(12)            if
such encumbrance or restriction is the result of applicable laws or regulations;

 

(13)            customary
provisions in joint venture agreements and other similar agreements entered into in the ordinary course of business;

 

(14)            restrictions
on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business;

 

(15)            customary
provisions restricting assignment of any agreement entered into in the ordinary course of business;

 

(16)            consensual
arrangements with insurance regulators with respect to the Insurance Subsidiary;

 

(17)            customary
net worth provisions contained in real property leases entered into by the Issuer and the Restricted Subsidiaries, so long as the
Issuer has determined in good faith that such net worth provisions would not reasonably be expected to impair the ability of the
Issuer and the Restricted Subsidiaries to meet their ongoing obligations under this Indenture and the Notes; and

 

(18)            customary
prohibitions, conditions and restrictions (as determined by the Issuer in good faith) contained in agreements and documents relating
to any Qualified Securitization Transaction.

 

Section
4.9.       Limitation on
Debt.

 

(a)           The
Issuer shall not, and shall not permit any Restricted Subsidiary to, Incur any Debt except that the Issuer and any Restricted
Subsidiary may Incur Debt if after giving pro forma effect to the Incurrence of such Debt and the receipt and application of the
proceeds thereof the Fixed Charge Coverage Ratio of the Issuer would have been 2.00 to 1.00 or greater (“Ratio Debt”);
provided that the aggregate principal amount of Debt Incurred by Restricted Subsidiaries that are not Subsidiary Guarantors
pursuant to this Section 4.9(a) shall not exceed $50.0 million.

 

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(b)           Notwithstanding
Section 4.9(a), the following Debt may be Incurred (collectively, the “Permitted Debt”):

 

(1)              Debt
of the Issuer or any Restricted Subsidiary under one or more Debt Facilities in an aggregate principal amount Incurred under this
clause (1) at any one time outstanding not to exceed the sum of (i) $875.0 million, plus (ii) the greater of (x) $700.0
million and (y) the Borrowing Base, plus (iii) the greater of (x) $500.0 million and (y) 100% of Consolidated
EBITDA for the most recently ended Reference Period determined at the time of Incurrence, plus (iv) an amount such that, after
giving pro forma effect thereto, the Secured Net Leverage Ratio (treating all Debt Incurred under this clause (1) as secured
by Liens on the assets of the Issuer, including all undrawn amounts under the Issuer’s revolving portion of any Debt Facility)
of the Issuer and its Restricted Subsidiaries would not exceed 2.00 to 1.00, plus, in the case of any refinancing of any Debt permitted
under this clause (1) or any portion thereof, any increase in the amount of such Debt in connection with any refinancing expenses,
accrued and unpaid interest, premiums and other costs and expenses incurred in connection therewith;

 

(2)              Debt
consisting of the Notes (other than any Additional Notes);

 

(3)              [reserved];

 

(4)              Debt
of the Issuer or any Restricted Subsidiary not otherwise referred to in clause (1) or clause (3) of this Section 4.9(b) outstanding
(i) on the Issue Date and (ii) to the extent not included in subclause (i) of this clause (4) and solely to
the extent permitted to remain outstanding under the terms of the Merger Agreement, on the Merger Closing Date;

 

(5)              Debt
owed by the Issuer to any Restricted Subsidiary or Debt owed by a Restricted Subsidiary to the Issuer or a Restricted Subsidiary;
provided, however, that:

 

(A)            any
such Debt owing by the Issuer or a Subsidiary Guarantor to a Restricted Subsidiary that is not a Subsidiary Guarantor shall be
expressly subordinated to the prior payment in full in cash of all obligations with respect to the Notes, and

 

(B)             upon
either the transfer or other Disposition by such Restricted Subsidiary or the Issuer of any Debt so permitted to a Person other
than the Issuer or another Restricted Subsidiary or the issuance (other than directors’ qualifying shares), sale, lease,
transfer or other Disposition of shares of Capital Stock (including by consolidation or merger) of such Restricted Subsidiary to
a Person other than the Issuer or another Restricted Subsidiary such that it ceases to be a Restricted Subsidiary, the provisions
of this clause (5) shall no longer be applicable to such Debt and such Debt shall be deemed to have been Incurred at the time
of such transfer or other Disposition;

 

(6)              [reserved];

 

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(7)              the
Subsidiary Guarantees and Guarantees by the Issuer or any Restricted Subsidiary of any obligations of the Issuer or a Restricted
Subsidiary not prohibited under this Indenture;

 

(8)              Debt
of the Issuer or any of its Restricted Subsidiaries represented by Finance Lease Obligations or purchase money obligations Incurred
for the purpose of financing all or any part of the purchase price or cost of construction or improvement of property, plant or
equipment used in the business of the Issuer or such Restricted Subsidiary, in an aggregate principal amount, including all Debt
Incurred to refund or refinance any Debt Incurred pursuant to this clause (8), not to exceed, at any one time outstanding, the
greater of (x) $25.0 million and (y) 5.0% of Consolidated EBITDA determined for the most recently ended Reference Period
at the time of Incurrence (it being understood that any Debt Incurred pursuant to this clause (8) shall cease to be deemed
Incurred or outstanding for purposes of this clause (8) but shall be deemed Incurred as Ratio Debt from and after the first
date on which the Issuer or such Restricted Subsidiary could have Incurred such Debt as Ratio Debt without reliance on this clause
(8));

 

(9)              Debt
of the Issuer or any Restricted Subsidiary consisting of or pursuant to (i) Permitted Swap Agreements and (ii) Cash Management
Agreements entered into in the ordinary course of business;

 

(10)            Permitted
Acquisition Debt;

 

(11)            Debt
of Foreign Subsidiaries in an aggregate amount Incurred pursuant to this clause (11) not to exceed, at any one time outstanding,
the greater of (x) $25.0 million and (y) 5.0% of Consolidated EBITDA determined for the most recently ended Reference
Period (it being understood that any Debt Incurred pursuant to this clause (11) shall cease to be deemed Incurred or outstanding
for purposes of this clause (11) but shall be deemed Incurred as Ratio Debt from and after the first date on which such Foreign
Subsidiary could have Incurred such Debt as Ratio Debt without reliance on this clause (11));

 

(12)            Permitted
Refinancing Debt which is exchanged for or the proceeds of which are used to refinance or refund, or any extension or renewal of
Debt Incurred pursuant to Section 4.9(a), clause (2), (4), (7), (8), (10), (11), (18), (21), (22) or (23) of this definition
of “Permitted Debt,” subclause (y) of clause (24) of this definition of “Permitted Debt” and this
clause (12);

 

(13)            Debt
in the form of indemnification, purchase price adjustments (including in respect of working capital), deferred compensation, earn-outs
or other similar obligations, in each case, Incurred in connection with any Investment or the acquisition or Disposition of
any business, assets or Subsidiaries;

 

(14)            Debt
Incurred by the Issuer or its Restricted Subsidiaries under performance, bid, surety, release, appeal and similar bonds and statutory
obligations, Debt in respect of workers’ compensation, health, disability or other employee benefits or property, unemployment,
casualty or liability insurance, self-insurance obligations, and completion Guarantees (not for borrowed money) provided in the
ordinary course of business, pursuant to reimbursement or indemnification obligations, in each case Incurred in the ordinary course
of business, and reimbursement obligations in respect of any of the foregoing;

 

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(15)            Debt
Incurred in the ordinary course of business in connection with the financing of insurance premiums or self-insurance obligations
or take-or-pay obligations contained in supply or similar agreements;

 

(16)            Debt
of the Issuer or any of its Restricted Subsidiaries arising from the honoring by a bank or other financial institution of a check,
draft or similar instrument drawn against insufficient funds in the ordinary course of business;

 

(17)            Debt
Incurred and applied to repay the Notes;

 

(18)            Debt
Incurred pursuant to sale/leaseback transactions that does not exceed the greater of (x) $25.0 million and (y) 5.0% of
Consolidated EBITDA for the most recently ended Reference Period determined at the time of Incurrence;

 

(19)            Debt
of a joint venture to the Issuer or a Restricted Subsidiary and to the other holders of Capital Stock of, or participants in, such
joint venture, so long as the percentage of the aggregate amount of such Debt of such joint venture owed to such holders of its
Capital Stock or participants of such joint venture does not exceed the percentage of the aggregate outstanding amount of the Capital
Stock of such joint venture held by such holders or such participant’s participation in such joint venture;

 

(20)            Debt
in respect of letters of credit, bank Guarantees or similar instruments issued to support performance obligations and trade letters
of credit (other than obligations in respect of other Debt) in the ordinary course of business and consistent with past practice
or industry practices;

 

(21)            (i) Debt
Incurred by any Securitization Subsidiary in connection with any Qualified Securitization Transaction and (ii) Standard Securitization
Undertakings Incurred by the Issuer or any Restricted Subsidiary in connection with any Qualified Securitization Transaction;

 

(22)            Guarantees
by the Issuer or any Restricted Subsidiary in respect of Debt of franchisees not to exceed, at any one time outstanding the greater
of (x) $25.0 million and (y) 5.0% of Consolidated EBITDA for the most recently ended Reference Period determined at the
time of Incurrence;

 

(23)            Debt
of the Company and any Restricted Subsidiary to the Insurance Subsidiary in an aggregate principal amount not to exceed $75.0 million
at any time outstanding that cannot be subordinated to the obligations of the Issuer and the Guarantors under the Transaction Documents
for regulatory reasons or would cause the carrying value for regulatory valuation purposes to be increased;

 

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(24)            in
addition to the items referred to in clauses (1) through (23) above, Debt of the Issuer or any Restricted Subsidiary which,
together with any other outstanding Debt Incurred pursuant to this clause (24), and including any renewals, extensions, substitutions,
refinancings or replacements of such Debt, has an aggregate principal amount not to exceed, at any one time outstanding, the greater
of (x) $250.0 million and (y) 50.0% of Consolidated EBITDA for the most recently ended Reference Period determined at
the time of Incurrence; and

 

(25)            Debt
representing deferred compensation to employees, officers or directors of the Issuer and its Restricted Subsidiaries Incurred in
the ordinary course of business.

 

(c)           For
purposes of determining compliance with, and the outstanding principal amount of any particular Debt Incurred pursuant to, and
in compliance with, this Section 4.9:

 

(1)              in
the event that Debt meets the criteria of more than one of the types of Debt described in Section 4.9(a) and 4.9(b),
the Issuer, in its sole discretion, may divide or classify such item of Debt on the date of Incurrence (or later classify or reclassify
such Debt, in its sole discretion) in any manner permitted by this Section 4.9 and shall only be required to include the amount
and type of such Debt in one of such clauses; provided that all Debt outstanding on or prior to the Merger Closing Date (a) under
the Term Loan Credit Agreement shall be deemed Incurred under subclause (i) of Section 4.9(b)(1) and may not later
be reclassified and (b) under the ABL Credit Agreement shall be deemed Incurred under subclause (ii) of Section 4.9(b)(1) and
may not later be reclassified;

 

(2)             Guarantees
of, or obligations in respect of letters of credit relating to, Debt which is otherwise included in the determination of a particular
amount of Debt shall not be included;

 

(3)             the
principal amount of any Redeemable Stock of the Issuer or a Restricted Subsidiary will be equal to the liquidation preference thereof;

 

(4)              Debt
permitted by this Section 4.9 need not be permitted solely by reference to one provision permitting such Debt but may be permitted
in part by one such provision and in part by one or more other provisions of this Section 4.9 permitting such Debt; and

 

(5)              the
amount of Debt issued at a price that is less than the principal amount thereof will be equal to the amount of the liability in
respect thereof determined in accordance with GAAP.

 

(d)           Accrual
of interest, accrual of dividends, the accretion of accreted value, the payment of interest in the form of additional Debt and
the payment of dividends in the form of additional shares of Preferred Stock or Redeemable Stock will not be deemed to be an Incurrence
of Debt for purposes of this Section 4.9.

 

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(e)           For
purposes of determining compliance with any U.S. dollar-denominated restriction on the Incurrence of Debt, the U.S. dollar-equivalent
principal amount of Debt denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in
effect on the date such Debt was Incurred, in the case of term Debt, or first committed, in the case of revolving credit Debt;
provided that if such Debt is Incurred to refinance other Debt denominated in a foreign currency, and such refinancing would
cause the applicable U.S. dollar-dominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect
on the date of such refinancing, such U.S. dollar-dominated restriction shall be deemed not to have been exceeded so long as the
principal amount of such refinancing Debt does not exceed the principal amount of such Debt being refinanced. Notwithstanding any
other provision of this Section 4.9, the maximum amount of Debt that the Issuer may Incur pursuant to this Section 4.9
shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies.

 

Section 4.10.      Limitation
on Asset Dispositions.

 

(a)           The
Issuer shall not, and shall not permit any Restricted Subsidiary to, make any Asset Disposition unless:

 

(1)              the
Issuer or the Restricted Subsidiary, as the case may be, receives consideration for such Asset Disposition at least equal to the
Fair Market Value (measured as of the date of the definitive agreement with respect to such Asset Disposition) for the assets or
Capital Stock sold or Disposed of; and

 

(2)              at
least 75% of the consideration for such Asset Disposition consists of:

 

(i)               cash
or Cash Equivalents;

 

(ii)              the
assumption of Debt or other liabilities of the Issuer or such Restricted Subsidiary (other than Debt that is subordinated to the
Notes or such Restricted Subsidiary’s Subsidiary Guarantee) relating to such assets and release from all liability on the
Debt assumed;

 

(iii)             Replacement
Assets;

 

(iv)            Designated
Noncash Consideration; or

 

(v)             any
combination of the foregoing;

 

provided
that the amount of any consideration received by the Issuer or such Restricted Subsidiary that is converted into cash or Cash Equivalents
within 180 days of the closing of such Asset Disposition shall be deemed to be cash for purposes of this Section 4.10(a) (to
the extent of the cash or Cash Equivalents received). The foregoing clauses (1) or (2) of this Section 4.10(a) shall
not apply with respect to any condemnation, event of loss or other involuntary Asset Disposition.

 

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(b)           Within
18 months after the receipt of any Net Available Cash Proceeds from an Asset Disposition, the Issuer (or the applicable Restricted
Subsidiary, as the case may be), may apply such Net Available Cash Proceeds at its option:

 

(1)              to
reduce obligations under (x) the Senior Credit Facilities or (y) Debt (other than Subordinated Debt) that is secured
by a Lien, which Lien is permitted by this Indenture, and in the case of revolving loans under clauses (x) and (y), to correspondingly
reduce commitments with respect thereto;

 

(2)              to
reduce obligations under (x) Pari Passu Debt of the Issuer or the Subsidiary Guarantors (provided that if the Issuer or any
Subsidiary Guarantor shall so reduce such obligations other than the Notes, the Issuer will (A) equally and ratably reduce
obligations under the Notes as provided in Section 3.7 or through open-market purchases (to the extent such purchases are
at or above 100.0% of the principal amount thereof) or (B) make an Offer to Purchase (in accordance with the procedures set
forth in this Indenture) to all Holders to purchase at a purchase price equal to 100.0% of the principal amount thereof, plus accrued
and unpaid interest, if any, the principal amount of Notes that would otherwise be redeemed under subclause (A) above)) or
(y) Debt of a Subsidiary that is not a Subsidiary Guarantor, in each case, other than Debt owed to the Issuer or another Restricted
Subsidiary (and, in the case of revolving loans, to correspondingly reduce commitments with respect thereto);

 

(3)              to
acquire Replacement Assets or make capital expenditures;

 

provided
that the Issuer or such Restricted Subsidiary will be deemed to have complied with its obligations under this Section 4.10(b) if
it enters into a binding commitment to acquire Replacement Assets prior to 18 months after the receipt of the applicable Net Available
Cash Proceeds and such acquisition of Replacement Assets is consummated prior to 24 months after the date of receipt of the applicable
Net Available Cash Proceeds; provided, further, that upon any abandonment or termination of such commitment, the Net Available
Cash Proceeds not so applied shall constitute Excess Proceeds and be applied as set in Section 4.10(c); or

 

(4)              any
combination of the foregoing.

 

(c)           Any
Net Available Cash Proceeds that are not applied or invested as provided in Section 4.10(b) will constitute “Excess
Proceeds.” When the aggregate amount of Excess Proceeds exceeds $50.0 million, or earlier, at the Issuer’s election,
the Issuer will apply the Excess Proceeds to the repayment of the Notes and any other Pari Passu Debt outstanding with similar
provisions requiring the Issuer to make an Offer to Purchase such Debt with the proceeds from any Asset Disposition as follows:

 

(1)              the
Issuer will make an Offer to Purchase from all Holders of the Notes in accordance with the procedures set forth in this Indenture
in the maximum principal amount (expressed in amounts of $2,000 or integral multiples of $1,000 in excess thereof) of Notes that
may be purchased out of an amount (the “Note Amount”) equal to the product of such Excess Proceeds multiplied
by a fraction, the numerator of which is the outstanding principal amount of the Notes, and the denominator of which is the sum
of the outstanding principal amount of the Notes and such Pari Passu Debt (subject to proration in the event such amount is less
than the aggregate Offered Price (as defined below) for all Notes tendered); and

 

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(2)             to
the extent required by such Pari Passu Debt, the Issuer will make an offer to purchase or otherwise repurchase or redeem Pari Passu
Debt (a “Pari Passu Offer”) in an amount (the “Pari Passu Debt Amount”) equal to the excess
of the Excess Proceeds over the Note Amount. However, in no event will the Issuer be required to make a Pari Passu Offer in a Pari
Passu Debt Amount exceeding the principal amount of such Pari Passu Debt plus the amount of any premium required to be paid to
repurchase such Pari Passu Debt.

 

The offer price for the Notes
will be payable in cash in an amount equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, if any,
to, but excluding, the date such Offer to Purchase is consummated (the “Offered Price”), in accordance with
the procedures set forth in this Indenture. To the extent that the aggregate Offered Price of the Notes tendered pursuant to the
Offer to Purchase is less than the Note Amount relating to the tendered Notes or the aggregate amount of Pari Passu Debt that is
purchased in a Pari Passu Offer is less than the Pari Passu Debt Amount, the Issuer may use any remaining Excess Proceeds for any
purpose. If the aggregate principal amount of Notes and Pari Passu Debt surrendered by holders thereof exceeds the amount of Excess
Proceeds, the selection of the Notes and Pari Passu Debt to be purchased shall be designated in writing by the Issuer to the Trustee
on a pro rata basis to the extent practicable or, if not, by lot or by such other method as is fair and appropriate and as determined
by the Issuer in good faith; provided, that, in the case of Global Notes, beneficial interests in such Notes shall be repurchased
on a pro rata basis based on amounts tendered only if such proration is consistent with the procedures of the applicable Depositary;
otherwise, such beneficial interests shall be selected for repurchase in accordance with such procedures (subject, in each case,
to adjustment to maintain the authorized denominations of the Notes). Upon the completion of the purchase of all the Notes tendered
pursuant to an Offer to Purchase and the completion of a Pari Passu Offer, the amount of Excess Proceeds, if any, shall be reset
at zero.

 

If the Purchase Date is on or
after an interest record date and on or before the related interest payment date, any accrued and unpaid interest, if any, will
be paid on the relevant interest payment date to the Person in whose name a Note is registered at the close of business on such
record date and will not be paid as part of the Offered Price.

 

(d)           If
the Issuer becomes obligated to make an Offer to Purchase pursuant to this Section 4.10, the Notes (in minimum principal amounts
of $2,000 and integral multiples of $1,000 in excess thereof), and the Pari Passu Debt shall be purchased by the Issuer, at the
option of the Holders thereof, in whole or in part, on a date that is not earlier than 30 days and not later than 60 days from
the date the notice of the Offer to Purchase is given to Holders, or such later date as may be necessary for the Issuer to comply
with the requirements under the Exchange Act.

 

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(e)           The
Issuer shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other applicable securities laws and
regulations in connection with the purchase of Notes pursuant to an Offer to Purchase. To the extent that the provisions of any
applicable securities laws or regulations conflict with this Section 4.10, the Issuer shall comply with the applicable securities
laws and regulations and will not be deemed to have breached its obligations under this Section 4.10 by virtue of such compliance.

 

Section 4.11.      Limitation
on Transactions with Affiliates.

 

(a)           The
Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, enter into any transaction or series
of related transactions having a value in excess of $10.0 million with or for the benefit of an Affiliate of the Issuer or a Restricted
Subsidiary, including any Investment, either directly or indirectly, unless such transaction is on terms not materially less favorable
to the Issuer or such Restricted Subsidiary than those that could be obtained in a comparable arm’s-length transaction with
an entity that is not an Affiliate or is otherwise fair to the Issuer from a financial point of view. In the event any such transaction
or series of related transactions involves aggregate value in excess of $35.0 million, such transaction or series of related transactions
shall be approved by either (x) a majority of the Disinterested Directors of the Board of Directors of the Issuer, if any,
or in the event there is only one Disinterested Director, by such Disinterested Director, or (y) the audit committee of the
Board of Directors of the Issuer (with any Director on such committee that is not a Disinterested Director recusing himself or
herself).

 

(b)           The
preceding requirements shall not apply to:

 

(1)              any
transaction pursuant to agreements in effect on the Issue Date, as such agreements may be amended, modified, supplemented, extended
or renewed from time to time, so long as any such amendment, modification, supplement, extension or renewal is not more disadvantageous
to the Holders in any material respect in the good faith judgment of the Board of Directors or senior management of the Issuer,
when taken as a whole, than the terms of the agreements in effect on the Issue Date;

 

(2)              any
compensation, insurance, employment agreement, employee benefit arrangements or severance arrangements with any officer, director
or employee, including under any stock option or stock incentive plans, entered into by the Issuer or any of its Restricted Subsidiaries
and any director, officer, employee or consultant thereof;

 

(3)              transactions
between or among the Issuer and/or its Restricted Subsidiaries, by and among Restricted Subsidiaries and any Guarantees issued
by the Issuer or a Restricted Subsidiary for the benefit of the Issuer or a Restricted Subsidiary, as the case may be, in accordance
with Section 4.9;

 

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(4)              any
transaction with any Person (x) that is not an Affiliate of the Issuer immediately before the consummation of such transaction
that becomes an Affiliate of the Issuer as a result of such transaction or (y) that is an Affiliate of the Issuer solely because
the Issuer, directly or indirectly, owns Capital Stock in, or controls, such Person;

 

(5)              transactions
with joint ventures entered into in the ordinary course of business; provided that no other Affiliate of the Issuer (other
than a Subsidiary thereof) directly or indirectly holds any Capital Stock of such joint venture;

 

(6)              payment
of reasonable directors fees to Persons who are not otherwise employees of the Issuer;

 

(7)              indemnities
and reimbursement obligations of officers, directors and employees of the Issuer or its Subsidiaries or the purchase of indemnification
insurance for any director or officer;

 

(8)              any
Restricted Payment or Permitted Investment that is permitted to be made pursuant to Section 4.7;

 

(9)              transactions
with customers, clients, suppliers or purchasers or sellers of goods or services, in each case in the ordinary course of the business
of the Issuer and its Restricted Subsidiaries and otherwise in compliance with the terms of this Indenture; provided that
in the reasonable determination of the Issuer, such transactions are on terms that are no less favorable to the Issuer or the relevant
Restricted Subsidiary than those that could have been obtained at the time of such transactions in a comparable transaction by
the Issuer or such Restricted Subsidiary with an unrelated Person;

 

(10)            the
grant, issuance or sale of Capital Stock (other than Redeemable Stock) to Affiliates of the Issuer and the granting of registration
rights and other customary rights in connection therewith;

 

(11)            any
transaction as to which the Issuer delivers to the Trustee a written opinion of an investment banking firm of national standing
or other recognized independent expert with experience in appraising the terms and conditions of the type of transaction or series
of related transactions for which an opinion is required stating that the transaction or series of related transactions is fair
to the Issuer or such Restricted Subsidiary from a financial point of view or stating that the terms are no less favorable to
the Issuer or such Restricted Subsidiary than those that could be obtained in a comparable arm’s-length transaction with
an entity that is not an Affiliate;

 

(12)            any
written agreement entered into or assumed in connection with mergers or acquisitions of other businesses with Persons who were
not Affiliates prior to such transactions; provided that such agreement was not entered into in contemplation of such merger
or acquisition, and any amendment thereto, so long as any such amendment is not disadvantageous to the Holders in the good faith
judgment of the Board of Directors or senior management of the Issuer, when taken as a whole, as compared to the applicable agreement
as in effect on the date of such acquisition or merger;

 

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(13)            intercompany
transactions undertaken in good faith for the purpose of improving the consolidated tax efficiency of the Issuer and its Restricted
Subsidiaries;

 

(14)            payroll,
travel, business entertainment and similar advances to officers, directors, employees and consultants of the Issuer or any Subsidiary
to cover matters that are expected at the time of such advances to be treated as expenses of the Issuer or such Subsidiary for
accounting purposes and that are made in the ordinary course of business; and

 

(15)            any
(i) sale, conveyance, participation, factoring or other transfer of Securitization Assets transferred to a Securitization
Subsidiary, (ii) grant of security, (iii) Incurrence of Debt or (iv) payment of any associated fees, in each case
in connection with any Qualified Securitization Transaction.

 

Section 4.12.     Limitation
on Liens.

 

(a)           The
Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create or Incur any Lien securing Debt
(other than a Permitted Lien) on any asset or property of the Issuer or such Restricted Subsidiary whether owned on the Issue Date
or thereafter acquired, without effectively providing concurrently that the Notes and the related Subsidiary Guarantees then outstanding
under this Indenture are secured equally and ratably with or, at the option of the Issuer, prior to such Indebtedness so long as
such Indebtedness shall be so secured; provided, however, that if such Debt is expressly subordinated to the Notes or a
Subsidiary Guarantee, the Lien securing such Debt will be subordinated by its terms to the Notes and the Subsidiary Guarantees
to the same extent.

 

(b)           Any
Lien that is granted to secure the Notes or the applicable Guarantee pursuant to this Section 4.12 shall be automatically
and unconditionally released and discharged at the same time as the release of the Lien that gave rise to the obligation to secure
the Notes or the Subsidiary Guarantee under this Section 4.12 (other than a release as a result of the enforcement of remedies
in respect of such Lien or the obligations secured by such Lien).

 

(c)           With
respect to any Lien securing Debt that was permitted to secure such Debt at the time of the Incurrence of such Debt, such Lien
shall also be permitted to secure any Increased Amount of such Debt. The “Increased Amount” of any Debt shall mean
any increase in the amount of such Debt in connection with any accrual of interest, the accretion of accreted value, the amortization
of original issue discount, the payment of interest in the form of additional Debt with the same terms, accretion of original issue
discount or liquidation preference, any fees, underwriting discounts, accrued and unpaid interest, premiums and other costs and
expenses incurred in connection therewith and increases in the amount of Debt outstanding solely as a result of fluctuations in
the exchange rate of currencies or increases in the value of property securing Debt.

 

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Section 4.13.     Offer
to Purchase upon Change of Control. No later than 30 days after the occurrence of a Change of Control, the Issuer will be
required to make an Offer to Purchase (a “Change of Control Offer”), with a copy to the Trustee, all of the
outstanding Notes at a purchase price equal to 101% of their principal amount plus accrued and unpaid interest to, but excluding,
the purchase date (the “Change of Control Purchase Price”) (subject to the right of Holders of record on the
relevant record date to receive interest due on an interest payment date that is on or prior to the date of purchase).

 

On or before the Purchase
Date, the Issuer will, to the extent lawful, deposit with the Paying Agent an amount equal to the Change of Control Purchase Price
in respect of the Notes or portions of Notes properly tendered.

 

On the Purchase Date,
the Issuer will, to the extent lawful:

 

(1)           accept
for payment all Notes or portions of Notes (of minimum principal amount of $2,000 or integral multiples of $1,000 in excess thereof)
properly tendered pursuant to the Change of Control Offer; and

 

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

 

The Paying Agent will
promptly deliver to each Holder who has so tendered Notes the Change of Control Purchase Price 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 so tendered, if any; provided that each such new Note will be in a minimum principal
amount of $2,000 or integral multiples of $1,000 in excess thereof.

 

If the Purchase Date
is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest, if
any, will be paid on the relevant interest payment date to the Person in whose name a Note is registered at the close of business
on such record date and will not be paid as part of the Change of Control Purchase Price.

 

The Issuer will not
be required to make a Change of Control Offer upon a Change of Control if (i) a third party makes the Change of Control Offer
in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change
of Control Offer made by the Issuer and purchases all Notes validly tendered and not validly withdrawn under such Change of Control
Offer, (ii) a notice of redemption for all outstanding Notes has been given, unless and until there is a default in payment
of the applicable redemption price, or (iii) in connection with or in contemplation of any publicly announced Change of Control,
the Issuer has made an offer to purchase (an “Alternate Offer”) any and all Notes validly tendered at a cash
price equal to or higher than the Change of Control Purchase Price and has purchased all Notes validly tendered and not validly
withdrawn in accordance with the terms of the Alternate Offer.

 

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The Issuer shall comply
with all applicable securities laws and regulations in the United States, including, without limitation, the requirements of Rule 14e-1
under the Exchange Act and any other applicable securities laws and regulations in connection with the purchase of Notes pursuant
to a Change of Control Offer. To the extent that the provisions of any applicable securities laws or regulations conflict with
this Section 4.13, the Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to
have breached its obligations under this Section 4.13 by virtue of such compliance.

 

The provisions under
this Indenture relating to the Issuer’s obligation to make a Change of Control Offer may be waived, modified or terminated
with the written consent of the Holders of a majority in principal amount of the Notes then outstanding.

 

Notwithstanding anything
to the contrary contained herein, a Change of Control Offer or Alternate Offer may be made in advance of a Change of Control, and
conditioned upon the occurrence of a Change of Control, if a definitive agreement is in place for the Change of Control at the
time of making such Change of Control Offer or Alternate Offer.

 

Section 4.14.     Corporate
Existence. Subject to Article V, the Issuer shall do or cause to be done all things necessary to preserve and keep in
full force and effect its corporate existence and the corporate, partnership, limited liability company or other existence of
each of the Subsidiary Guarantors in accordance with the respective organizational documents (as the same may be amended from
time to time) of the Issuer or any such Subsidiary Guarantor and the rights (charter and statutory), licenses and franchises of
the Issuer and the Subsidiary Guarantors; provided that the Issuer shall not be required to preserve any such right, license
or franchise, or the corporate, partnership or other existence of any of the Subsidiary Guarantors, if the Issuer shall determine
that the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries, taken
as a whole.

 

Section 4.15.     Future
Guarantees. If any Restricted Subsidiary that is not already a Subsidiary Guarantor guarantees any Debt of the Issuer or a
Subsidiary Guarantor under, or borrows Debt under, the Senior Credit Facilities on or after the Merger Closing Date, then such
Restricted Subsidiary shall execute, within 30 days of the date on which it became a guarantor or borrower with respect to such
other Debt, a supplemental indenture in substantially the form attached hereto as Exhibit B-2, pursuant to which such
Restricted Subsidiary shall become a Subsidiary Guarantor with respect to the Notes, upon the terms and subject to the release
provisions and other limitations set forth in this Indenture.

 

Section 4.16.     Designation
of Restricted and Unrestricted Subsidiaries.

 

(a)           The
Issuer, by delivery of an Officer’s Certificate to the Trustee, may designate any Restricted Subsidiary to be an “Unrestricted
Subsidiary,” in which event such Subsidiary and each other Person that is then or thereafter becomes a Subsidiary of such
Subsidiary will be deemed to be an Unrestricted Subsidiary, if: (1) at the time of designation, the Issuer could make a Restricted
Payment or Permitted Investment in an amount equal to the greater of the Fair Market Value (as determined by an Officer) and book
value of its interest in such Subsidiary pursuant to Section 4.7; (2) no Event of Default shall have occurred and be
continuing at the time of, or immediately after giving effect to, such designation; (3) each Subsidiary of such Subsidiary
has been, or concurrently therewith will be, designated as an Unrestricted Subsidiary; and (4) such Subsidiary shall substantially
simultaneously be designated as an “Unrestricted Subsidiary” under the ABL Credit Agreement and the Term Loan Credit
Agreement (and, to the extent applicable, any other agreement governing Permitted Refinancing Debt in respect thereof). The designation
of any Restricted Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Issuer in such Subsidiary on the
date of designation in an amount equal to the Fair Market Value of the Issuer’s Investment therein (as determined by an Officer).

 

 

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(b)           The
Issuer may designate any Unrestricted Subsidiary as a Restricted Subsidiary only if: (1)(x) the Issuer would be able to Incur
at least $1.00 of additional Debt pursuant to Section 4.9(a), or (y) the Fixed Charge Coverage Ratio of the Issuer would
not be less than the Fixed Charge Coverage Ratio of the Issuer immediately prior to such designation, in each case on a pro forma
basis taking into account such designation; (2) all Liens of such Unrestricted Subsidiary outstanding immediately following
such designation would, if Incurred at such time, have been permitted to be Incurred for all purposes of this Indenture; (3) no
Event of Default shall have occurred and be continuing at the time of, or immediately after giving effect to, such designation;
and (4) such Subsidiary shall substantially simultaneously be designated as a “Restricted Subsidiary” under the
ABL Credit Agreement and the Term Loan Credit Agreement (and, to the extent applicable, any other agreement governing Permitted
Refinancing Debt in respect thereof). The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute
the Incurrence at the time of designation of any Investment, Debt or Liens of such Subsidiary existing at such time.

 

Section 4.17.     Covenant
Suspension.

 

(a)           If
on any date following the Issue Date (i) the Notes have an Investment Grade Rating from two Rating Agencies and (ii) no
Default or Event of Default has occurred and is then continuing, then, upon delivery by the Issuer to the Trustee of an Officer’s
Certificate to the foregoing effect, the Issuer and the Restricted Subsidiaries will no longer be subject to the following covenants:

 

(1)            Section 4.7;

 

(2)            Section 4.8;

 

(3)            Section 4.9;

 

(4)            Section 4.10;

 

(5)            Section 4.11;

 

(6)            Section 4.15;
and

 

(7)            Section 5.1(a)(3).

 

During any
period that the foregoing covenants have been suspended, the Issuer shall not designate any of the its Subsidiaries as Unrestricted
Subsidiaries pursuant to Section 4.16 unless such designation would have complied with Section 4.7 as if such covenant
were in effect during such period.

 

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Upon the
occurrence of a covenant suspension, the amount of Excess Proceeds from Net Available Cash Proceeds shall be reset at zero. During
any period that the foregoing covenants have been suspended, any reference in the definition of “Unrestricted Subsidiary”
or “Permitted Liens” to Section 4.9 or any provision thereof shall be construed as if Section 4.9 had remained
in effect since the Issue Date and during such period.

 

(b)           If
the Notes cease to have an Investment Grade Rating from two Rating Agencies, the covenants suspended pursuant to Section 4.17(a) will
be reinstated as of and from the date of such rating decline, subject to further suspension in the future upon the satisfaction
of the conditions described in Section 4.17(a). Any Debt Incurred during a period when the covenants are suspended (a “suspension
period”) will be classified as having been Incurred pursuant to Section 4.9(a). To the extent such Debt would not
be so permitted to be Incurred, such Debt will be deemed to have been outstanding on the Issue Date, so that it is classified as
permitted under clause (4) of Section 4.9(b). Calculations under the reinstated Section 4.7 will be made as if Section 4.7
had been in effect prior to, but not during, the suspension period. In addition: (i) for purposes of Section 4.8, all
contracts entered into during a suspension period that contain any of the restrictions contemplated by such covenant will be deemed
to have been entered into pursuant to clause (1) of Section 4.8(b); (ii) for purposes of Section 4.12, any
Lien Incurred during a suspension period will be deemed to have been entered into pursuant to clause (10) of the definition
of “Permitted Liens”; and (iii) for purposes of Section 4.11, all agreements and arrangements entered into
by the Issuer or any Restricted Subsidiary with an Affiliate of the Issuer during a suspension period will be deemed to have been
entered into pursuant to clause (1) of Section 4.11(b). No Default or Event of Default will be deemed to have occurred
with respect to the suspended covenants as a result of any actions taken by the Issuer or its Restricted Subsidiaries during a
suspension period, and the Issuer and its Subsidiaries will be permitted, without causing a Default or Event of Default or breach
of any of the suspended covenants (notwithstanding the reinstatement thereof) under this Indenture, to honor, comply with or otherwise
perform any contractual commitments or obligations entered into during a suspension period following a downgrade and to consummate
the transactions contemplated thereby.

 

(c)           Promptly
following the occurrence of any suspension or reinstatement of the covenants as described above, the Issuer shall provide an Officer’s
Certificate to the Trustee regarding such occurrence. The Trustee shall have no obligation to independently determine or verify
if a suspension or reinstatement has occurred or notify the Holders of any suspension or reinstatement. The Trustee may provide
a copy of such Officer’s Certificate to any Holder of the Notes upon written request.

 

Section 4.18.     Escrow
Merger. Upon the consummation of the Escrow Merger, the Company, each of its Restricted Subsidiaries as of the Merger Closing
Date and the Trustee shall enter into a supplemental indenture in substantially the form attached hereto as Exhibit B-1.

 

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ARTICLE V

SUCCESSORS

 

Section 5.1.     Consolidation,
Merger, Conveyance, Transfer or Lease.

 

(a)             The
Issuer shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets in a
single transaction or series of related transactions to, another Person, unless:

 

(1)       the
resulting, surviving or transferee Person, if not the Issuer (the “Successor Company”), shall be a corporation,
partnership, trust or limited liability company organized and existing under the laws of the United States of America, any State
thereof or the District of Columbia and the Successor Company (if not the Issuer) shall expressly assume, by supplemental indenture
or other document or instrument, as applicable, executed and delivered to the Trustee, all of the obligations of the Issuer under
this Indenture and the Notes;

 

(2)       immediately
after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing;

 

(3)       except
in the case of any such consolidation or merger of the Issuer with or into a Restricted Subsidiary, immediately after giving pro
forma effect to such transaction and treating any Debt which becomes an obligation of the Issuer or a Restricted Subsidiary as
a result of such transaction as having been Incurred by the Issuer or such Restricted Subsidiary at the time of the transaction,
either (i) the Issuer (including any Successor Company) could Incur at least $1.00 of additional Debt (other than Permitted
Debt) pursuant to Section 4.9(a), or (ii) the Fixed Charge Coverage Ratio of the Issuer or such Successor Company is
not less than immediately after such transaction the Fixed Charge Coverage Ratio of the Issuer immediately before such transaction;

 

(4)       at
the time of such transaction, unless the Issuer is the Successor Company, each Subsidiary Guarantor will have by supplemental
indenture or other document or instrument, confirmed that its Subsidiary Guarantee shall apply to such Person’s obligations
under this Indenture and the Notes; and

 

(5)       the
Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, stating that such consolidation,
merger, conveyance, transfer or lease and such supplemental indenture, if any, comply with this Indenture.

 

Notwithstanding
the foregoing, (i) any Restricted Subsidiary may merge into the Issuer or another Restricted Subsidiary, (ii) the provisions
of clauses (2) and (3) above shall not apply to a merger of the Issuer with or into a Restricted Subsidiary, (iii) the
above provisions shall not apply to any transfer of assets between or among the Issuer and any Subsidiary Guarantor and (iv) the
above provisions shall not apply to the Merger or the Escrow Merger.

 

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For purposes
of this Section 5.1(a), the sale, lease, conveyance, assignment, transfer, or other Disposition of all or substantially all
of the properties and assets of one or more Subsidiaries of the Issuer, which properties and assets, if held by the Issuer instead
of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Issuer on a consolidated basis,
shall be deemed to be the sale, lease, conveyance, assignment, transfer or other Disposition of all or substantially all of the
properties and assets of the Issuer.

 

The Successor
Company will succeed to, and be substituted for, and may exercise every right and power of, the Issuer under this Indenture, and,
except in the case of a lease of all or substantially all its assets, the Issuer will be released from the obligation to pay the
principal of, and interest on, the Notes and all other obligations under this Indenture.

 

(b)            Except
in circumstances under which this Indenture provides for the release of Subsidiary Guarantees as described under Section 10.5,
each Subsidiary Guarantor will not, and the Issuer will not permit a Subsidiary Guarantor to, consolidate with or merge with or
into, or convey or transfer or lease all or substantially all its assets to, another Person (other than the Issuer or another
Subsidiary Guarantor), unless at the time and after giving effect thereto:

 

(1)

 

(A)       the
resulting, surviving or transferee Person, if not the Subsidiary Guarantor (the “Successor Subsidiary Guarantor”),
shall be a corporation, partnership, trust or limited liability company organized and existing under the laws of the United States
of America, any State thereof or the District of Columbia and the Successor Subsidiary Guarantor (if not the Subsidiary Guarantor)
shall expressly assume, by supplemental indenture or other document, as applicable, executed and delivered to the Trustee, all
the obligations of the Subsidiary Guarantor under this Indenture and its Subsidiary Guarantee;

 

(B)        immediately
after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing; and

 

(C)        the
Subsidiary Guarantor shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, stating that
such consolidation, merger, conveyance, transfer or lease and such supplemental indenture, if any, comply with this Indenture;
or

 

(2)             such
transaction is undertaken in compliance with Section 4.10.

 

For purposes
of this Section 5.1(b), the sale, lease, conveyance, assignment, transfer, or other Disposition of all or substantially all
of the properties and assets of one or more Subsidiaries of a Subsidiary Guarantor, which properties and assets, if held by such
Subsidiary Guarantor instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of such
Subsidiary Guarantor on a consolidated basis, shall be deemed to be the sale, lease, conveyance, assignment, transfer or other
Disposition of all or substantially all of the properties and assets of such Subsidiary Guarantor.

 

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The Successor
Subsidiary Guarantor will succeed to, and be substituted for, and may exercise every right and power of, the Subsidiary Guarantor
under this Indenture, but, in the case of a lease of all or substantially all its assets, the Subsidiary Guarantor will not be
released from its obligations under its Subsidiary Guarantee.

 

ARTICLE VI

DEFAULTS AND REMEDIES

 

Section 6.1.      Events
of Default. Each of the following is an “Event of Default”:

 

(1)           failure
to pay principal of (or premium, if any, on) any Note when due and payable, at maturity, upon redemption or otherwise;

 

(2)           failure
to pay any interest on any Note when due and payable and such default continues for 30 days;

 

(3)           default
in the payment of principal, premium and interest on Notes required to be purchased pursuant to an Offer to Purchase as described
under Sections 4.10 and 4.13 when due and payable;

 

(4)           failure
to perform any other covenant or agreement of the Issuer under this Indenture or the Notes and such default continues for 60 days
(or 120 days with respect to Section 4.3) after written notice to the Issuer by the Trustee or the Holders of at least 25%
in aggregate principal amount of outstanding Notes;

 

(5)           default
under the terms of any instrument evidencing or securing any Debt of the Issuer or any Restricted Subsidiary having an outstanding
principal amount of $75.0 million, individually or in the aggregate, which default results in the acceleration of the payment
of all or any portion of such Debt or constitutes the failure to pay all or any portion of the principal amount of such Debt when
due at final maturity (after giving effect to any applicable grace period provided in such Debt) and if, within 20 Business Days
of such payment default or acceleration, such Debt has not been discharged or such payment default has not been cured or such
acceleration has not been rescinded or annulled; provided that in connection with any series of convertible or exchangeable securities
(a) any conversion or exchange of such securities by a holder thereof into shares of Capital Stock, cash or a combination
of cash and shares of Capital Stock, (b) the rights of holders of such securities to convert or exchange into shares of Capital
Stock, cash or a combination of cash and shares of Capital Stock and (c) the rights of holders of such securities to require
any repurchase by the Issuer of such securities in cash shall not, in itself, constitute an Event of Default under this clause
(5);

 

(6)           the
rendering of one or more final judgments, orders or decrees (not subject to appeal) of any court or regulatory or administrative
agency against the Issuer or any Restricted Subsidiary or any of their respective properties in an amount in excess of $75.0 million,
either individually or in the aggregate, (exclusive of any portion of any such payment covered by insurance) which remains undischarged
or unstayed for a period of 60 days after the date on which the right to appeal has expired;

 

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(7)             the
Company or any Significant Restricted Subsidiary or group of Restricted Subsidiaries that, taken together (as of the date of the
latest audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant
Restricted Subsidiary, pursuant to or within the meaning of any Bankruptcy Law:

 

(i)        commences
a voluntary case;

 

(ii)       consents
to the entry of an order for relief against it in an involuntary case;

 

(iii)      consents
to the appointment of a custodian of it or for all or substantially all of its property;

 

(iv)     makes
a general assignment for the benefit of its creditors; or

 

(v)      admits
in writing to the Trustee that it generally is not paying its debts as they become due;

 

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

 

(i)        is
for relief against the Company or any Significant Restricted Subsidiary or group of Restricted Subsidiaries that, taken together
(as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute
a Significant Restricted Subsidiary, in an involuntary case;

 

(ii)       appoints
a custodian of the Company or any Significant Restricted Subsidiary or group of Restricted Subsidiaries that, taken together (as
of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant
Restricted Subsidiary or for all or substantially all of the property of the Company or any Significant Restricted Subsidiary or
group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Company
and its Restricted Subsidiaries), would constitute a Significant Restricted Subsidiary; or

 

(iii)      orders
the liquidation of the Company or any Significant Restricted Subsidiary or group of Restricted Subsidiaries that, taken together
(as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute
a Significant Restricted Subsidiary;

 

and, in each case, the order
or decree remains unstayed and in effect for 60 consecutive days; or

 

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(9)           the
Subsidiary Guarantee of any Subsidiary Guarantor is held by a final non-appealable order or judgment of a court of competent jurisdiction
to be unenforceable or invalid or ceases for any reason to be in full force and effect (other than in accordance with the terms
of this Indenture) or any Subsidiary Guarantor or any Person acting on behalf of any Subsidiary Guarantor denies or disaffirms
such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee (other than by reason of a release of such Subsidiary
Guarantor from its Subsidiary Guarantee in accordance with the terms of this Indenture).

 

Section 6.2.       Acceleration.
If an Event of Default (other than an Event of Default specified in clause (7) or (8) of Section 6.1) shall have
occurred and be continuing under this Indenture, the Trustee, by written notice to the Issuer, or the Holders of at least 25.0%
in aggregate principal amount of the Notes then outstanding by written notice to the Issuer and the Trustee, may declare (an “acceleration
declaration”) the principal of, and accrued and unpaid interest, if any, on all outstanding amounts owing under the
Notes to be due and payable. Upon such acceleration declaration, the aggregate principal of and accrued and unpaid interest, if
any, on the outstanding Notes shall become due and payable immediately. No such notice of an Event of Default may be given with
respect to any action reported publicly or to Holders more than two years prior to the date of such notice of Event of Default.

 

At any time after such
acceleration pursuant to this Section 6.2, but before a judgment or decree based on acceleration, the Holders of a majority
in aggregate principal amount of the Notes then outstanding may rescind and annul such acceleration if:

 

(1)           the
rescission would not conflict with any judgment or decree; and

 

(2)           the
Issuer has paid the Trustee its reasonable compensation and reimbursed the Trustee for its reasonable expenses, disbursements
and advances.

 

No such rescission
shall affect any subsequent Default or impair any right consequent thereto.

 

If an Event of Default
specified in clause (7) or (8) of Section 6.1 occurs, then all unpaid principal of, and accrued and unpaid interest,
if any, on all of the outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other
action or notice on the part of the Trustee or any Holder of the Notes to the extent permitted by applicable law.

 

Section 6.3.      Other
Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment
of principal, premium, if any, and interest, if any, on the Notes or to enforce the performance of any provision of the Notes
or this Indenture.

 

The Trustee may maintain
a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission
by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by
law.

 

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Section 6.4.       Waiver
of Past Defaults. Subject to Section 9.2, the Holders of a majority in aggregate principal amount of the Notes then outstanding
by written notice to the Trustee may, on behalf of the Holders of all of the Notes, waive any existing Default or Event of Default
and its consequences under this Indenture except a continuing Default or Event of Default in the payment of interest or premium
on, or the principal of, the Notes (other than any such payment that has become due because of an acceleration that has been rescinded).

 

Section 6.5.        Control
by Majority. The Holders of a majority in aggregate principal amount of the then-outstanding Notes may direct the time, method
and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust power conferred
on it. However, (i) the Trustee may require indemnity satisfactory to it be furnished prior to taking such actions, (ii) the
Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines in good faith
may be unduly prejudicial to the rights of Holders not joining in the giving of such direction (it being understood that the Trustee
does not have an affirmative duty to ascertain whether or not any such direction is unduly prejudicial to the rights of such other
Holders) or that would involve any personal liability for the Trustee and (iii) the Trustee may take any other action it
deems proper that is not inconsistent with any such direction received from the Holders.

 

Section 6.6.        Limitation
on Suits. Subject to Section 6.7, no Holder of a Note will have any right to institute any proceeding with respect to
this Indenture, or for the appointment of a receiver or a trustee, or for any other remedy thereunder unless (a) such Holder
has previously given to the Trustee written notice of a continuing Event of Default with respect to the Notes, (b) the Holders
of at least 25% in aggregate principal amount of the outstanding Notes have made written request, and such Holder or Holders have
offered and, if requested, provided to the Trustee indemnity satisfactory to the Trustee to institute such proceeding as trustee,
(c) the Trustee has failed to institute such proceeding, and (d) the Trustee has not received from the Holders of a
majority in aggregate principal amount of the outstanding Notes a direction inconsistent with such request, within 60 days after
such notice, request and offer. However, such limitations do not apply to a suit instituted by a Holder of a Note for the enforcement
of payment of the principal of or any premium or interest on such Note on or after the applicable due date specified in such Note.

 

A Holder may not use
this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood
that the Trustee does not have an affirmative duty to ascertain whether or not any such use by a Holder prejudices the rights of
any other Holders or obtains priority or preference over such other Holders).

 

Section 6.7.        Rights
of Holders of Notes to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder to
receive payment of principal of, premium or interest on, such Note or to bring suit for the enforcement of any such payment, on
or after the due date expressed in the Notes, shall not be modified or amended in a manner adverse to such Holder without the
consent of the Holder.

 

Section 6.8.        Collection
Suit by Trustee. If an Event of Default specified in clauses (1) or (2) of Section 6.1 occurs and is continuing,
the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuer for the whole
amount of principal of, premium, if any, and interest remaining unpaid on the Notes and interest on overdue principal and, to the
extent lawful, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

 

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Section 6.9.        Trustee
May File Proofs of Claim. The Trustee is authorized to file such proofs of claim and other papers or documents as may
be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative
to the Issuer (or any other obligor upon the Notes including the Subsidiary Guarantors), its creditors or its property and shall
be entitled and empowered to collect, receive and distribute any money or other securities or property payable or deliverable upon
the conversion or exchange of the Notes or on any such claims, and any custodian in any such judicial proceeding is hereby authorized
by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments
directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.6. To the extent that
the payment of any such compensation, expenses, disbursements and advances to the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 7.6 out of the estate in any such proceeding, shall be denied for any reason, payment
of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and
other properties that the Holders may be entitled to receive in such proceeding, whether in liquidation or under any plan of reorganization
or arrangement or otherwise. Nothing in this Section 6.9 shall be deemed to authorize the Trustee to authorize or consent
to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the
Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

 

Section 6.10.      Priorities.
If the Trustee collects any money or property pursuant to this Article VI, it shall pay out the money and property in the
following order:

 

First:
to the Trustee, its agents and attorneys for amounts due under Section 7.6, including payment of all reasonable compensation,
expenses and liabilities incurred, and all advances made, by it and the costs and expenses of collection;

 

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

 

Third:
without duplication, to the Holders for any other obligations owing to the Holders under this Indenture and the Notes; and

 

Fourth:
to the Issuer or to such party as a court of competent jurisdiction shall direct.

 

The Trustee may fix
a record date and payment date for any payment to Holders pursuant to this Section 6.10.

 

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Section 6.11.     Undertaking
for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee
for any action taken or omitted by it as the Trustee, a court in its discretion may require the filing by any party litigant in
the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including
reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good
faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a
suit by a Holder pursuant to Section 6.7, or a suit by Holders of more than 10.0% in principal amount of the then-outstanding
Notes.

 

Section 6.12.     Restoration
of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this
Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee
or to such Holder, then and in every such case, subject to any determination in such proceedings, the Issuer, the Trustee and
the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies
of the Trustee and the Holders shall continue as though no such proceeding has been instituted.

 

Section 6.13.     Rights
and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed,
lost or stolen Notes in Section 2.7, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders
is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion
or employment of any other appropriate right or remedy.

 

Section 6.14.     Delay
or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any Note to exercise any right or remedy accruing
upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article VI or by law to the Trustee or to the Holders may be exercised from
time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

 

ARTICLE VII

TRUSTEE

 

Section 7.1.        Duties
of Trustee.

 

(a)             If
an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this
Indenture and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances
in the conduct of his or her own affairs.

 

(b)             Except
during the continuance of an Event of Default:

 

(1)       the
duties of the Trustee shall be determined solely by the express provisions of this Indenture and no implied covenants or obligations
shall be read into this Indenture against the Trustee; and

 

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(2)       the
Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates
or opinions furnished to the Trustee and conforming to the requirements of this Indenture (but need not confirm or investigate
the accuracy of mathematical calculations or other facts stated therein); however, the Trustee shall examine the certificates
and opinions furnished to it to determine whether or not they conform to the requirements of this Indenture.

 

(c)            The
Trustee may not be relieved from liabilities for its own grossly negligent action, its own negligent failure to act, or its own
willful misconduct, except that:

 

(1)       this
paragraph does not limit the effect of paragraph (b) of this Section 7.1;

 

(2)       the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer of the Trustee, unless it is
proved that the Trustee was negligent in ascertaining the pertinent facts;

 

(3)       the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received
by it pursuant to Section 6.5; and

 

(4)       no
provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability.

 

(d)             The
Trustee shall not be liable for interest on or the investment of any money received by it except as the Trustee may agree in writing
with the Issuer. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

 

(e)             Whether
or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to this
Section 7.1.

 

Section 7.2.       Rights
of Trustee.

 

(a)            The
Trustee may conclusively rely and shall be fully protected in acting or refraining from acting on any resolution, certificate,
statement, instrument, opinion, notice, report, request, direction, consent, order, judgment, bond, debenture or other document
(whether in original or facsimile form or PDF or other electronic transmission) believed by it to be genuine and to have been
signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated therein.

 

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(b)           Before
the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both; provided
that (x) no Officer’s Certificate or Opinion of Counsel shall be required to be delivered in connection with the issuance
of the Notes that are issued on the Issue Date or (y) no Opinion of Counsel shall be required to be delivered in connection
with the execution of any amendment or supplement entered into in connection with adding a Guarantor in the form of Exhibit B-2
or releasing a Guarantor pursuant to the terms of this Indenture. The Trustee shall not be liable for any action it takes or omits
to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. Prior to taking, suffering or admitting
any action, the Trustee may consult with counsel of the Trustee’s own choosing, and the Trustee shall be fully protected
from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in conclusive reliance on
the advice or opinion of such counsel.

 

(c)            The
Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any attorney
or agent appointed with due care.

 

(d)           The
Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within
the discretion or rights or powers conferred upon it by this Indenture.

 

(e)           Unless
otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuer or a Subsidiary Guarantor
shall be sufficient if signed by an Officer of the Issuer or such Subsidiary Guarantor.

 

(f)            The
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders unless such Holders shall have offered, and if requested, provided to the Trustee security or
indemnity satisfactory to the Trustee against the costs, expenses and liabilities that might be incurred by it in compliance with
such request or direction.

 

(g)           The
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, judgment, bond, debenture, note, other evidence of indebtedness
or other paper or documents, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled
to examine during normal business hours the books, records and premises of the Issuer, personally or by agent or attorney at the
sole cost of the Issuer, and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation.

 

(h)           The
rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, to the Agents and
to each other agent, custodian and Person employed to act hereunder.

 

(i)            The
Trustee may request that the Issuer and each of the Subsidiary Guarantors shall deliver to the Trustee an Officer’s Certificate
setting forth the names of individuals and/or titles of Officers of the Issuer and each Subsidiary Guarantor, as applicable, authorized
at such time to take specified actions pursuant to this Indenture of the Issuer, the Notes and the Subsidiary Guarantees, which
Officer’s Certificate may be signed by any Person authorized to sign an Officer’s Certificate, including any Person
specified as so authorized in any such certificate previously delivered and not superseded.

 

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(j)            The
Trustee shall not be deemed to have notice or be charged with knowledge of any Default or Event of Default unless the Trustee shall
have received from the Issuer or Subsidiary Guarantor or from any Holder written notice thereof at its address set forth in Section 11.1
and such notice references the Notes, this Indenture and the specifics of such Default or Event of Default. In the absence of such
notice, the Trustee may conclusively assume that no such Default or Event of Default exists.

 

(k)            In
no event shall the Trustee be responsible or liable for special, indirect, punitive, incidental or consequential loss or damage
of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of
the likelihood of such loss or damage and regardless of the form of action.

 

(l)            The
Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder.

 

(m)          No
provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise Incur any financial liability
in the performance of any of its duties thereunder, or in the exercise of any of its rights or powers.

 

(n)           The
permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as duties hereunder.

 

Section 7.3.      Individual
Rights of the Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may
otherwise deal with the Issuer or any Affiliate of the Issuer with the same rights it would have if it were not Trustee. Any Agent
may do the same with like rights and duties. The Trustee is also subject to Section 7.9.

 

Section 7.4.       Trustee’s
Disclaimer. The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture,
the Notes or any Subsidiary Guarantee, it shall not be accountable for the use of the proceeds from the Notes or any money paid
to the Issuer or upon the Issuer’s direction under any provision of this Indenture, it shall not be responsible for the
use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement
or recital herein or any statement in the Notes, any Officer’s Certificate delivered to the Trustee hereunder, or any other
document in connection with the sale of the Notes or pursuant to this Indenture other than the Trustee’s certificate of
authentication hereunder.

 

Section 7.5.        Notice
of Defaults. If a Default or Event of Default occurs and is continuing and the Trustee has notice thereof as provided in Section 7.2(j),
the Trustee shall deliver to Holders a notice of the Default or Event of Default within the later of 90 days after it occurs or
30 days after the Trustee has notice thereof. Except in the case of a Default or Event of Default in payment of principal of, premium,
if any, or interest on any Note, the Trustee may withhold the notice if and so long as the Trustee in good faith determines that
the withholding of such notice is in the interest of the Holders.

 

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Section 7.6.        Compensation
and Indemnity. The Issuer shall pay to the Trustee from time to time compensation for its acceptance of this Indenture and
for all services rendered by it hereunder as agreed upon in writing. The Trustee’s compensation shall not be limited by
any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee, as applicable, promptly upon
request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its
services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and
counsel.

 

Each of the Issuer
and the Subsidiary Guarantors, jointly and severally, shall indemnify, defend, protect and hold the Trustee (which for purposes
of this Section 7.6 shall include its officers, directors, employees and agents) harmless against any and all claims, damages,
losses, liabilities, costs or expenses suffered or incurred by it (including, without limitation, the fees and expenses of its
agents and counsel) arising out of or in connection with the acceptance or administration of its duties under this Indenture, the
performance of its obligations and/or exercise of its rights hereunder, including the costs and expenses of enforcing this Indenture
against the Issuer or any Subsidiary Guarantor (including this Section 7.6) and defending itself against any claim (whether
asserted by the Issuer or any Holder or any other Person) or liability in connection with the exercise or performance of any of
its powers or duties hereunder, except to the extent any such loss, claim, damage, liability or expense shall have been found by
a court of competent jurisdiction in a non-appealable final decision to have been caused by its own gross negligence or willful
misconduct. The Trustee shall notify the Issuer promptly of any claim for which it may seek indemnity. Failure by the Trustee to
so notify the Issuer shall not relieve the Issuer of its obligations hereunder. The Trustee may have separate counsel, and the
Issuer shall pay the reasonable fees and expenses of such counsel for the Trustee. The Issuer need not pay for any settlement made
without its consent, which consent shall not be unreasonably withheld.

 

The obligations of
the Issuer and the Subsidiary Guarantors under this Section 7.6 shall survive the satisfaction and discharge of this Indenture,
the payment of the Notes or the resignation or removal of the Trustee.

 

To secure the Issuer’s
payment obligations in this Section 7.6, the Trustee shall have a Lien prior to the Notes on all money or property held or
collected by the Trustee, except that held in trust to pay principal or interest, if any, on particular Notes. Such Lien shall
survive the satisfaction and discharge of this Indenture, the payment of the Notes and the resignation or removal of the Trustee.

 

When the Trustee incurs
expenses or renders services after an Event of Default specified in clause (7) or (8) of Section 6.1 occurs, the
expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute
expenses of administration under any Bankruptcy Law.

 

Section 7.7.        Replacement
of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon
the successor trustee’s acceptance of appointment as provided in this Section 7.7.

 

The Trustee may resign
in writing at any time and be discharged from the trust hereby created by so notifying the Issuer. The Holders of a majority in
principal amount of the then-outstanding Notes may remove the Trustee upon 30 days’ written notice to the Trustee and the
Issuer. The Issuer may remove the Trustee if no Event of Default exists and:

 

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(a)           the
Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy
Law;

 

(b)           a
custodian or public officer takes charge of the Trustee or its property; or

 

(c)           the
Trustee becomes incapable of acting.

 

If the Trustee resigns
or is removed or if a vacancy exists in the office of the Trustee for any reason, the Issuer shall promptly appoint a successor
trustee. Within one year after the successor trustee takes office, the Holders of a majority in principal amount of the then-outstanding
Notes may appoint a successor trustee to replace the successor trustee appointed by the Issuer.

 

If a successor trustee
does not take office within 30 days after the retiring Trustee resigns or is removed, such retiring Trustee (at the expense of
the Issuer), the Issuer or the Holders of at least 10.0% in principal amount of the then-outstanding Notes may petition any court
of competent jurisdiction for the appointment of a successor trustee.

 

If the Trustee, after
written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.1, such Holder
may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee.

 

A successor trustee
shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuer. Thereupon, the resignation or
removal of the retiring Trustee shall become effective, and the successor trustee shall have all the rights, powers and the duties
of the Trustee under this Indenture. The successor trustee shall mail a notice of its succession to the Holders. The retiring Trustee
shall promptly transfer all property held by it as Trustee to the successor Trustee; provided that all sums owing to such
Trustee hereunder have been paid and subject to the Lien provided for in Section 7.6. Notwithstanding replacement of the Trustee
pursuant to this Section 7.7, the Issuer’s and the Subsidiary Guarantors’ obligations under Section 7.6 shall
continue for the benefit of the retiring Trustee.

 

Section 7.8.     Successor
Trustee by Merger, Etc. If the Trustee or any Agent consolidates, merges or converts into, or transfers all or substantially
all of its corporate trust business (including this transaction) to, another corporation, the successor corporation without any
further act shall be the successor Trustee or Agent, as applicable.

 

Section 7.9.     Eligibility;
Disqualification. There shall at all times be a Trustee hereunder that is a corporation organized and doing business under
the laws of the United States or of any state thereof that is authorized under such laws to exercise corporate trustee power and
that is subject to supervision or examination by federal or state authorities. Such Trustee together with its affiliates shall
at all times have a combined capital surplus of at least $50.0 million as set forth in its most recent annual report of condition.

 

ARTICLE VIII

DEFEASANCE; DISCHARGE OF THIS INDENTURE

 

Section 8.1.      Option
to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, by delivery of an Officer’s Certificate, at any time,
elect to have either Section 8.2 or 8.3 applied to all outstanding Notes upon compliance with the conditions set forth below
in this Article VIII.

 

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Section 8.2.        Legal
Defeasance. Upon the Issuer’s exercise under Section 8.1 of the option applicable to this Section 8.2,
the Issuer and the Subsidiary Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.4, be
deemed to have been discharged from their obligations with respect to all outstanding Notes and Subsidiary Guarantees and this
Indenture and having cured all then-existing Defaults and Events of Default on the date the conditions set forth below are satisfied
(hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuer and the Subsidiary
Guarantors shall be deemed to have paid and discharged all of the obligations with respect to this Indenture, the Notes and the
Subsidiary Guarantees, which shall thereafter be deemed to be outstanding only for the purposes of Section 8.5 and the other
Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all of their other obligations under
such Notes, Subsidiary Guarantees and this Indenture (and the Trustee, on written demand of and at the expense of the Issuer,
shall execute instruments acknowledging the same), and this Indenture shall cease to be of further effect as to all such Notes
and Subsidiary Guarantees, except for the following provisions which shall survive until otherwise terminated or discharged hereunder:
(a) the rights of Holders of outstanding Notes to receive payments in respect of the principal of, and interest and premium
on, such Notes when such payments are due from the trust funds referred to in clause (1) of Section 8.4; (b) the
Issuer’s obligations with respect to such Notes under Sections 2.2, 2.3, 2.4, 2.6, 2.7, 2.10 and 4.2; (c) the rights,
powers, trusts, duties and immunities of the Trustee, including without limitation, under Sections 7.6, 8.5 and 8.7 and the obligations
of the Issuer and the Subsidiary Guarantors in connection therewith; and (d) the provisions of this Article VIII. Subject
to compliance with this Article VIII, the Issuer may exercise its option under this Section 8.2 notwithstanding the
prior exercise of its option under Section 8.3.

 

Section 8.3.        Covenant
Defeasance. Upon the Issuer’s exercise under Section 8.1 of the option applicable to this Section 8.3, the
Issuer shall, subject to the satisfaction of the conditions set forth in Section 8.4, be released from its obligations under
Sections 4.3, 4.5, 4.7 through 4.16, 5.1(a)(3), 5.1(a)(4) and 5.1(b) on and after the date the conditions set forth
below are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not outstanding
for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection
with such covenants, but shall continue to be deemed outstanding for all other purposes hereunder (it being understood that such
Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect
to the outstanding Notes, the Issuer or any of its Subsidiaries may omit to comply with and shall have no liability in respect
of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any
other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.1, and the
Events of Default in clauses (3) through (6), (7) (with respect to Significant Subsidiaries only), (8) (with respect
to Significant Subsidiaries only) and (9) of Section 6.1 shall no longer apply but, except as specified above, the remainder
of this Indenture and such Notes and any Subsidiary Guarantees shall be unaffected thereby.

 

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Section 8.4.        Conditions
to Legal or Covenant Defeasance. The following shall be the conditions to the application of either Section 8.2 or 8.3
to the outstanding Notes:

 

(1)             the
Issuer must irrevocably deposit with the Trustee, in trust for the benefit of the Holders, U.S. dollars, non-callable U.S. Government
Obligations or a combination thereof, in such amounts as will be sufficient without consideration of any reinvestment of interest
(if U.S. Government Obligations are deposited, in the opinion of a nationally recognized investment bank, appraisal firm or firm
of independent public accountants selected by the Issuer and delivered to the Trustee), to pay the principal of, premium, if any,
and interest, if any, on the outstanding Notes on the stated date for payment thereof or on the applicable redemption date, as
the case may be, and any other amounts owing under this Indenture (in the case of an optional redemption date prior to electing
to exercise either Legal Defeasance or Covenant Defeasance, the Issuer has delivered to the Trustee an irrevocable notice to redeem
all of the outstanding Notes on such redemption date);

 

(2)             in
the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel in the United States confirming
that, subject to customary assumptions and exclusions:

 

(A)     the
Issuer has received from, or there has been published by, the U.S. Internal Revenue Service a ruling; or

 

(B)       since
the Issue Date, there has been a change in the applicable U.S. federal income tax law;

 

in either case to the effect
that, and based thereon such Opinion of Counsel shall confirm that, subject to customary assumptions and exclusions, the beneficial
owners of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of the
Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as
would have been the case if such Legal Defeasance had not occurred;

 

(3)             in
the case of Covenant Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel in the United States confirming
that, subject to customary assumptions and exclusions, the beneficial owners of the outstanding Notes will not recognize income,
gain or loss for U.S. federal income tax purposes as a result of the Covenant Defeasance and will be subject to U.S. federal income
tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had
not occurred;

 

(4)             no
Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or Event of
Default resulting from the borrowing of funds to be applied to such deposit (and any similar concurrent deposit relating to other
Debt) and the Incurrence of Liens associated with any such borrowings);

 

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(5)            the
Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any material
agreement or instrument (other than this Indenture and the agreements governing any other Debt being defeased, discharged or replaced)
to which the Issuer or any of its Restricted Subsidiaries is a party or by which the Issuer or any of its Restricted Subsidiaries
is bound;

 

(6)           the
Issuer shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Issuer
with the intent of preferring the Holders over any other creditors of the Issuer or with the intent of defeating, hindering, delaying
or defrauding any other creditors of the Issuer or others; and

 

(7)            the
Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (which opinion may be subject
to customary assumptions and exclusions), each stating that the applicable conditions precedent provided for in clauses (1) through
(6) of this Section 8.4 have been complied with.

 

Section 8.5.     Deposited
Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Subject to Section 8.6, all
U.S. dollar and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee,
collectively for purposes of this Section 8.5, the “Deposit Trustee”) pursuant to Section 8.4 or 8.8
in respect of the outstanding Notes shall be held in trust, shall not be invested, and shall be applied by the Deposit Trustee
in accordance with the provisions of such Notes and this Indenture to the payment, either directly or through any Paying Agent
(including the Issuer or any Subsidiary acting as Paying Agent) as the Deposit Trustee may determine, to the Holders of such Notes
of all sums due and to become due thereon in respect of principal, premium, if any, and interest, if any, but such money need not
be segregated from other funds except to the extent required by law.

 

The Issuer shall pay
and indemnify the Deposit Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable
U.S. Government Obligations deposited pursuant to Section 8.4 or 8.8 or the principal and interest received in respect thereof
other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

 

Anything in this Article VIII
to the contrary notwithstanding, the Deposit Trustee shall deliver or pay to the Issuer from time to time upon the written request
of the Issuer and be relieved of all liability with respect to any U.S. dollars or non-callable U.S. Government Obligations held
by it as provided in Section 8.4 or 8.8 which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Deposit Trustee (which may be the opinion delivered under clause
(1) of Section 8.4), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent
Legal Defeasance or Covenant Defeasance or satisfaction and discharge, as the case may be.

 

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Section 8.6.     Repayment
to Issuer. Subject to applicable escheat laws, any money deposited with the Trustee or any Paying Agent, or then held by the
Issuer, in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two
years after such principal and premium, if any, or interest has become due and payable shall be paid to the Issuer on its written
request or (if then held by the Issuer) shall be discharged from such trust; and the Holder of such Note shall thereafter, as an
unsecured general creditor, look only to the Issuer for payment thereof; and all liability of the Trustee or such Paying Agent
with respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however,
that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense and written request
of the Issuer cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such
money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification
or publication, any unclaimed balance of such money then remaining shall be repaid to the Issuer.

 

Section 8.7.     Reinstatement.
If the Trustee or Paying Agent is unable to apply any U.S. dollars or U.S. Government Obligations in accordance with Section 8.2,
8.3 or 8.8, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining
or otherwise prohibiting such application, then the obligations of the Issuer and the Subsidiary Guarantors under this Indenture
and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.2, 8.3 or 8.8 until
such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.2, 8.3 or 8.8,
as the case may be; provided, however, that, if the Issuer makes any payment of principal of, premium, if any, or
interest on any Note following the reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders
of such Notes to receive such payment from the money held by the Trustee or Paying Agent.

 

Section 8.8.     Discharge.
This Indenture will be discharged and will cease to be of further effect (except as to surviving rights or registration of transfer
or exchange of the Notes, which shall survive until all Notes have been canceled, and the rights, protections and immunities of
the Trustee) as to all outstanding Notes and Subsidiary Guarantees when either:

 

(1)            all
the Notes that have been authenticated and delivered (except lost, stolen or destroyed Notes that have been replaced or paid and
Notes for whose payment money has been deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to
the Issuer or discharged from such trust) have been delivered to the Trustee for cancellation; or

 

(2)            (a) all
Notes not delivered to the Trustee for cancellation otherwise (i) have become due and payable by reason of mailing a notice
of redemption or otherwise, (ii) will become due and payable, or may be called for redemption, within one year or (iii) are
to be called for redemption within one year under irrevocable arrangements satisfactory to the Trustee for the giving of notice
of redemption by the Trustee in the name and at the expense of the Issuer and, in any case, the Issuer or any Subsidiary Guarantor
has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders,
cash in U.S. dollars in such amounts as will be sufficient, without consideration of any reinvestment of interest, to pay and discharge
the entire Debt (including all principal and accrued interest, if any) on the Notes not theretofore delivered to the Trustee for
cancellation;

 

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(b)         the
Issuer or any Subsidiary Guarantor has paid or caused to be paid all other sums payable by the Issuer under this Indenture; and

 

(c)            the
Issuer has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment
of the Notes at maturity or on the date of redemption, as the case may be.

 

In addition, the Issuer
must deliver an Officer’s Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction
and discharge hereunder have been complied with.

 

After the Notes are
no longer outstanding, the Issuer’s and the Subsidiary Guarantors’ obligations in Sections 7.6, 8.5, 8.7 and 10.01(d) shall
survive any discharge pursuant to this Section 8.8.

 

After such delivery
or irrevocable deposit and receipt of the Officer’s Certificate and Opinion of Counsel, the Trustee, upon written request,
shall acknowledge in writing the discharge of the Issuer’s obligations under the Notes and this Indenture except for those
surviving obligations specified above.

 

ARTICLE IX

AMENDMENT, SUPPLEMENT AND WAIVER

 

Section 9.1.     Without
Consent of Holders of the Notes. Notwithstanding Section 9.2, without the consent of any Holders, the Issuer, the Subsidiary
Guarantors and the Trustee, at any time and from time to time, may amend or supplement this Indenture, the Subsidiary Guarantees
or the Notes issued hereunder for any of the following purposes:

 

(1)         to
evidence the succession of another Person to the Issuer or a Subsidiary Guarantor under this Indenture, the Notes or the applicable
Subsidiary Guarantee, and the assumption by any such successor of the covenants of the Issuer or such Subsidiary Guarantor under
this Indenture, the Notes and such Subsidiary Guarantee in accordance with Section 5.1;

 

(2)         to
add to the covenants of the Issuer or any Subsidiary Guarantor for the benefit of the Holders of the Notes or to surrender any
right or power conferred upon the Issuer or any Subsidiary Guarantor, as applicable, in this Indenture, in the Notes or in any
Subsidiary Guarantee;

 

(3)        to
cure any ambiguity, or to correct or supplement any provision in this Indenture or in any supplemental indenture, the Notes or
any Subsidiary Guarantee which may be defective or inconsistent with any other provision in this Indenture, the Notes or any Subsidiary
Guarantee (as determined in good faith by the Issuer);

 

(4)        to
make any change that would provide any additional rights or benefits to the Holders of the Notes (as determined in good faith
by the Issuer);

 

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(5)        to
make any other provisions with respect to matters or questions arising under this Indenture, the Notes or any Subsidiary Guarantee;
provided that, in each case, such provisions shall not adversely affect the interest of the Holders of the Notes in any
material respect (as determined in good faith by the Issuer);

 

(6)        to
comply with the requirements of the SEC;

 

(7)        to
add a Subsidiary Guarantor under this Indenture or otherwise provide a Subsidiary Guarantee of the Notes or to confirm and evidence
the release of a Subsidiary Guarantor from its Subsidiary Guarantee pursuant to the terms of this Indenture;

 

(8)        to
evidence and provide the acceptance of the appointment of a successor Trustee under this Indenture;

 

(9)        to
mortgage, pledge, hypothecate or grant a security interest in favor of the Trustee for the benefit of the Holders of the Notes
as security for the payment and performance of the Issuer’s and any Subsidiary Guarantor’s obligations under this
Indenture, in any property, or assets, including any of which are required to be mortgaged, pledged or hypothecated, or in which
a security interest is required to be granted to the Trustee pursuant to this Indenture or otherwise;

 

(10)      to
provide for the issuance of Additional Notes under this Indenture in accordance with the terms and subject to the limitations
set forth in this Indenture;

 

(11)      to
comply with the rules of any applicable Depositary; or

 

(12)      to
conform the text of this Indenture, the Notes or the Subsidiary Guarantees to any provision of the “Description of notes”
section of the Offering Memorandum to the extent such provision was intended to be a recitation of a provision of this Indenture,
as confirmed in an Officer’s Certificate delivered to the Trustee.

 

After an amendment
under this Indenture becomes effective, the Issuer shall deliver to Holders of the Notes a notice briefly describing such amendment.
However, the failure to give such notice to all Holders, or any defect therein, will not impair or affect the validity of the amendment.

 

Section 9.2.     With
Consent of Holders of Notes. With the consent of the Holders of not less than a majority in aggregate principal amount of the
Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange
offer for, the Notes), the Issuer, the Subsidiary Guarantors and the Trustee may amend or supplement this Indenture, the Notes
or any Subsidiary Guarantees or waive any existing Default or Event of Default or compliance with any provision of this Indenture
or the Notes; provided, however, that no such amendment, supplement or waiver shall, without the consent of the Holder
of each outstanding Note affected thereby (including, without limitation, consents obtained in connection with a purchase of, or
tender offer or exchange offer for, the Notes):

 

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(1)           change
the Stated Maturity of the principal of, or any installment of interest on, any Note;

 

(2)           reduce
the principal amount of (or premium), or interest on, any Note;

 

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

 

(4)           (i) modify,
in any manner adverse to the Holders of the Notes, the right to institute suit for the enforcement of any payment of principal
of (or premium), or interest on, any Note or (ii) waive any payment in respect thereof except a default in payment arising
solely from an acceleration of the Notes that has been rescinded;

 

(5)           modify
any provisions of this Indenture relating to the modification and amendment of this Indenture or the waiver of past defaults or
covenants which require each Holder’s consent;

 

(6)           amend
any provisions relating to the redemption of the Notes (other than notice provisions), it being understood that for the avoidance
of doubt, the provisions described under Sections 4.10 and 4.13 shall not be covered by this clause;

 

(7)           modify
the Subsidiary Guarantees in any manner adverse to the Holders, except in accordance with this Indenture; or

 

(8)           modify
any of the provisions of this Indenture or the related definitions affecting the ranking of the Notes.

 

It shall not be necessary
for the consent of the Holders under this Section 9.2 to approve the particular form of any proposed amendment or waiver,
but it shall be sufficient if such consent approves the substance thereof.

 

Section 9.3.     Revocation
and Effect of Consents. Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is
a continuing consent by the Holder and every subsequent Holder of that Note or portion of the Note that evidences the same debt
as the consenting Holder’s Note, even if notation of the consent is not made on the Note. However, any such Holder or subsequent
Holder may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement
or amendment becomes effective. When an amendment, supplement or waiver becomes effective in accordance with its terms, it thereafter
binds every Holder.

 

The Issuer may, but
shall not be obligated to, fix a record date for determining which Holders consent to such amendment, supplement or waiver.

 

Section 9.4.     Notation
on or Exchange of Notes. The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note
thereafter authenticated. The Issuer in exchange for all Notes may issue and the Trustee shall authenticate new Notes that reflect
the amendment, supplement or waiver.

 

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Failure to make the
appropriate notation or issue a new Note shall not affect the validity and effect of such amendment, supplement or waiver.

 

Section 9.5.     Trustee
to Sign Amendments, Etc. The Trustee shall sign any amended or supplemental indenture authorized pursuant to this Article IX
if the amendment or supplement does not, in the Trustee’s reasonable judgment, adversely affect the rights, duties, liabilities
or immunities of the Trustee. In signing or refusing to sign any amendment or supplemental indenture, the Trustee shall be provided
with and (subject to Section 7.1) shall be fully protected in relying upon an Officer’s Certificate and an Opinion of
Counsel stating that the execution of such amendment or supplemental indenture is authorized or permitted by this Indenture and
that all conditions precedent thereto have been met or waived; provided that no such Opinion of Counsel shall be required
to be delivered in connection with the execution of any amendment or supplement entered into in connection with adding a Guarantor
with a supplemental indenture in the form of Exhibit B-2 or releasing a Guarantor pursuant to the terms of this Indenture.

 

ARTICLE X

SUBSIDIARY GUARANTEES

 

Section 10.1.     Subsidiary
Guarantees.

 

(a)          Each
Subsidiary Guarantor hereby jointly and severally, fully and unconditionally guarantees the Notes and obligations of the Issuer
hereunder and thereunder, and guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee,
that: (i) the principal of and premium, if any, and interest on the Notes shall be paid in full when due, whether at Stated
Maturity, by acceleration, call for redemption or otherwise, together with interest on the overdue principal, if any, and interest
on any overdue interest, to the extent lawful, and all other obligations of the Issuer to the Holders or the Trustee under this
Indenture or the Notes shall be paid in full or performed, all in accordance with the terms hereof and thereof; and (ii) in
case of any extension of time of payment or renewal of any Notes or of any such other obligations, the same shall be paid in full
when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or
otherwise. Each of the Subsidiary Guarantees shall be a guarantee of payment and not of collection.

 

(b)          Each
Subsidiary Guarantor hereby agrees that its obligations hereunder shall be unconditional, irrespective of the validity, regularity
or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any
Holder with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to enforce
the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor.

 

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(c)            Each
Subsidiary Guarantor hereby waives the benefits of diligence, presentment, demand for payment, filing of claims with a court in
the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer or any other Person,
protest, notice and all demands whatsoever and covenants that the Subsidiary Guarantee of such Subsidiary Guarantor shall not be
discharged as to any Note or this Indenture except by complete performance of the obligations contained in such Note and this Indenture
and such Subsidiary Guarantee. Each of the Subsidiary Guarantors hereby agrees that, in the event of a Default in payment of principal
or premium, if any, or interest on any Note, whether at its Stated Maturity, by acceleration, call for redemption, purchase or
otherwise, legal proceedings may be instituted by the Trustee on behalf of, or by, the Holder of such Note, subject to the terms
and conditions set forth in this Indenture, directly against each of the Subsidiary Guarantors to enforce each such Subsidiary
Guarantor’s Subsidiary Guarantee without first proceeding against the Issuer or any other Subsidiary Guarantor. Each Subsidiary
Guarantor agrees that if, after the occurrence and during the continuance of an Event of Default, the Trustee or any of the Holders
are prevented by applicable law from exercising their respective rights to accelerate the maturity of the Notes, to collect interest
on the Notes, or to enforce or exercise any other right or remedy with respect to the Notes, such Subsidiary Guarantor shall pay
to the Trustee for the account of the Holders, upon demand therefor, the amount that would otherwise have been due and payable
had such rights and remedies been permitted to be exercised by the Trustee or any of the Holders and any other amounts due and
owing to the Trustee under this Indenture.

 

(d)        If
any Holder or the Trustee is required by any court or otherwise to return to the Issuer or any Subsidiary Guarantor, or any custodian,
trustee, liquidator or other similar official acting in relation to the Issuer or any Subsidiary Guarantor, any amount paid by
any of them to the Trustee or such Holder, the Subsidiary Guarantee of each of the Subsidiary Guarantors, to the extent theretofore
discharged, shall be reinstated in full force and effect. This paragraph (d) shall remain effective notwithstanding any contrary
action which may be taken by the Trustee or any Holder in reliance upon such amount required to be returned. This paragraph (d) shall
survive the termination of this Indenture.

 

(e)         Each
Subsidiary Guarantor further agrees that, as between each Subsidiary Guarantor, on the one hand, and the Holders and the Trustee,
on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article VI
for the purposes of the Subsidiary Guarantee of such Subsidiary Guarantor, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any acceleration of
such obligations as provided in Article VI, such obligations (whether or not due and payable) shall forthwith become due
and payable by each Subsidiary Guarantor for the purpose of the Subsidiary Guarantee of such Subsidiary Guarantor.

 

(f)            Each
Subsidiary Guarantor that makes a payment for distribution under its Subsidiary Guarantee is entitled upon payment in full of all
guaranteed obligations under this Indenture to seek contribution from each other Subsidiary Guarantor in a pro rata amount
of such payment based on the respective net assets of all the Subsidiary Guarantors at the time of such payment in accordance with
GAAP.

 

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Section 10.2.     Execution
and Delivery of Guarantee. To evidence its Subsidiary Guarantee set forth in Section 10.1, each Subsidiary Guarantor agrees
that this Indenture or a supplemental indenture in substantially the form attached hereto as Exhibit B shall be executed
on behalf of such Subsidiary Guarantor by an Officer of such Subsidiary Guarantor (or, if an officer is not available, by a board
member or director or other duly authorized signatory) on behalf of such Subsidiary Guarantor. Each Subsidiary Guarantor hereby
agrees that its Subsidiary Guarantee set forth in Section 10.1 shall remain in full force and effect notwithstanding the absence
of the endorsement of any notation of such Subsidiary Guarantee on the Notes. In case the Officer, board member or director of
such Subsidiary Guarantor whose signature is on this Indenture or supplemental indenture, as applicable, no longer holds office
at the time the Trustee authenticates any Note, the Subsidiary Guarantee shall be valid nevertheless.

 

The delivery of any
Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Subsidiary Guarantee set
forth in this Indenture on behalf of the Subsidiary Guarantors.

 

Section 10.3.     Severability.
In case any provision of any Subsidiary Guarantee shall be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

 

Section 10.4.     Limitation
of Subsidiary Guarantors’ Liability. Each Subsidiary Guarantor and by its acceptance hereof each Holder confirms that
it is the intention of all such parties that the Subsidiary Guarantee of such Subsidiary Guarantor not constitute a fraudulent
transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer
Act or any similar federal or state law or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate
the foregoing intention, the Trustee, the Holders and Subsidiary Guarantors hereby irrevocably agree that the obligations of such
Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount that will not, after giving effect to
all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any guarantees under the
Revolving Credit Agreement) and after giving effect to any collections from, rights to receive contribution from or payments made
by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary
Guarantee, result in the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee constituting a fraudulent conveyance,
fraudulent preference or fraudulent transfer or otherwise reviewable under applicable law.

 

Section 10.5.     Releases.
A Subsidiary Guarantee of a Subsidiary Guarantor shall be automatically and unconditionally released and discharged:

 

(a)           upon
the sale, exchange, disposition or other transfer (including through merger, consolidation or dissolution) of (x) the Capital
Stock of such Subsidiary Guarantor, if after such transaction the Subsidiary Guarantor is no longer a Restricted Subsidiary, or
(y) all or substantially all of the assets of such Subsidiary Guarantor if such sale, exchange, disposition, dissolution
or other transfer is made in compliance with this Indenture, so long as such Subsidiary Guarantor is also released from its guarantee
under the Senior Credit Facilities;

 

(b)            upon
the exercise by the Issuer of its Legal Defeasance option or its Covenant Defeasance option or the satisfaction and discharge of
this Indenture, in each case as provided under Article VIII;

 

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(c)           if
the Issuer designates such Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with the applicable provisions of this
Indenture; or

 

(d)            if
such Subsidiary Guarantor ceases to guarantee any Debt of the Issuer or a Subsidiary Guarantor under, or be a borrower under, the
Senior Credit Facilities and no Event of Default has occurred and is continuing.

 

Upon delivery to the
Trustee of an Officer’s Certificate to the effect that all conditions precedent to the release of a Subsidiary Guarantor’s
Subsidiary Guarantee set forth in this Indenture have been satisfied, the Trustee shall execute any documents reasonably requested
by the Issuer in writing in order to evidence the release of any Subsidiary Guarantor from its obligations under its Subsidiary
Guarantee.

 

Any Subsidiary Guarantor
not released from its obligations under its Subsidiary Guarantee shall remain liable for the full amount of principal of and interest
on the Notes and for the other obligations of any Subsidiary Guarantor under this Indenture as provided in this Article X.

 

Section 10.6.    Benefits
Acknowledged. Each Subsidiary Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements
contemplated by this Indenture and that its guarantee and waivers pursuant to its Subsidiary Guarantee are knowingly made in contemplation
of such benefits.

 

ARTICLE XI

MISCELLANEOUS

 

Section 11.1.     Notices.
Any notice, request, direction, instruction or communication by the Issuer, any Subsidiary Guarantor or the Trustee to the others
is duly given if in writing and delivered in person or mailed by first class mail (registered or certified, return receipt requested),
PDF via e-mail (if receipt of such transmission is confirmed by reply e-mail or telephonically), telecopier or overnight air courier
guaranteeing next day delivery, to the addresses set forth below:

 

If to the Issuer or
any Subsidiary Guarantor:

 

Rent-A-Center, Inc.

5501 Headquarters Drive,

Plano, Texas 75024

Attention: General Counsel

 

With a copy (which
shall not constitute notice) to:

 

Sullivan &
Cromwell LLP

125 Broad Street

New York, New York 10004

Facsimile: (212) 558-3588

Attention: Ari Blaut

 

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If to the Trustee:

 

Truist Bank

Corporate Trust Services

2713 Forest Hills Road, Building
2

Wilson, North Carolina 27893

Facsimile: (252) 246-4303

Email: Gregory.yanok@truist.com

Attention: Gregory Yanok

 

The parties hereto,
by written notice to the others, may designate additional or different addresses for subsequent notices or communications.

 

Any notice or communication
to a Holder and the Trustee shall be mailed by first class mail or by overnight air courier promising next Business Day delivery
to its address shown on the register kept by the Registrar. Notwithstanding the foregoing, as long as the Notes are Global Notes,
notices to be given to the Holders shall be given to the Depositary in accordance with its applicable policies as in effect from
time to time. Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect
to other Holders.

 

In respect of this
Indenture, the Trustee shall not have any duty or obligation to verify or confirm that the Person sending instructions, directors,
reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such
instructions, directors, reports notices or other communications or information on behalf of the party purporting to send such
electronic transmission; and the Trustee shall not have any liability for any losses, liability, costs or expenses incurred or
sustained by any party as a result of such reliance upon or compliance with such instructions directors, reports, notices or other
communications or information. Each other party, agrees to assume all risks arising out of the use of electronic methods to submit
instructions, directions, reports, notices or other communications or indemnifications to the Trustee, including without limitation
the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risks
of interception and misuse by third parties.

 

If a notice or communication
is delivered in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it,
except in the case of notices or communications given to the Trustee, which shall be effective only upon actual receipt.

 

If the Issuer delivers
a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same time.

 

All notices, approvals,
consents, requests and any communications hereunder must be in writing (provided that any communication sent to the Trustee hereunder
must be in the form of a document that is signed manually or by way of a digital signature provided by DocuSign or AdobeSign (or
such other digital signature provider as specified in writing to the Trustee by the Issuer)), in English. The party using digital
signatures and electronic methods agrees to assume all risks arising out of the use of using digital signatures and electronic
methods to submit communications to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions,
and the risk of interception and misuse by third parties.

 

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Section 11.2.     Certificate
and Opinion as to Conditions Precedent. Upon any request or application by the Issuer to the Trustee to take any action under
this Indenture, the Issuer shall furnish to the Trustee upon request:

 

(a)            an
Officer’s Certificate (which shall include the statements set forth in Section 11.3) stating that, in the opinion of
the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have
been satisfied; provided that no such Officer’s Certificate shall be required to be delivered in connection with the
issuance of the Notes that are issued on the Issue Date; and

 

(b)            an
Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied;
provided that no such Opinion of Counsel shall be required to be delivered in connection with (x) the issuance of the
Initial Notes that are issued on the Issue Date or (y) the execution of any amendment or supplement entered into in connection
with adding a Guarantor in the form of Exhibit B-2 or releasing a Guarantor pursuant to the terms of this Indenture.

 

Section 11.3.    Statements
Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture (other than a certificate provided pursuant to Section 4.4) shall include substantially:

 

(a)            a
statement that the Person making such certificate or opinion has read and understands such covenant or condition;

 

(b)            a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained
in such certificate or opinion are based;

 

(c)            a
statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable him
to express an informed opinion as to whether or not such covenant or condition has been satisfied; and

 

(d)            a
statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied.

 

In giving such Opinion
of Counsel, counsel may rely as to factual matters on an Officer’s Certificate or on certificates of public officials.

 

Section 11.4.    Rules by
Trustee and Agents. The Trustee may make reasonable rules for action by or at a meeting of Holders. Each of the Agents
may make reasonable rules and set reasonable requirements for its functions.

 

Section 11.5.   No
Personal Liability of Directors, Officers, Employees and Stockholders. No past, present or future director, officer, employee,
incorporator, member, partner or stockholder of the Issuer or any Subsidiary Guarantor, as such, shall have any liability for
any obligations of the Issuer or any Subsidiary Guarantor (other than the Issuer in respect of the Notes and each Subsidiary Guarantor
in respect of its Subsidiary Guarantee) under the Notes, the Subsidiary Guarantees or this Indenture or for any claim based on,
in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a note waives and releases all such
liability. The waiver and release are part of the consideration for issuance of the Notes.

 

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Section 11.6.     Governing
Law; Consent to Jurisdiction; Waiver of Jury Trial. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE
THIS INDENTURE, THE NOTES AND THE SUBSIDIARY GUARANTEES. Each of the parties to this Indenture each hereby irrevocably submits
to the non-exclusive jurisdiction of any New York State or federal court sitting in the Borough of Manhattan in The City of New
York in any action or proceeding arising out of or relating to the Notes, the Subsidiary Guarantees or this Indenture, and all
such parties hereby irrevocably agree that all claims in respect of such action or proceeding may be heard and determined in such
New York State or federal court and hereby irrevocably waive, to the fullest extent that they may legally do so, the defense of
an inconvenient forum to the maintenance of such action or proceeding. EACH OF THE ISSUER, THE SUBSIDIARY GUARANTORS AND THE TRUSTEE
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE BONDS OR THE TRANSACTION CONTEMPLATED HEREBY.

 

Section 11.7.    No
Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret any other indenture, loan or debt
agreement of the Issuer or its Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used
to interpret this Indenture.

 

Section 11.8.   Successors.
All agreements of the Issuer and the Subsidiary Guarantors in this Indenture and the Notes and the Subsidiary Guarantees, as applicable,
shall bind their respective successors and assigns. All agreements of the Trustee in this Indenture shall bind its respective
successors and assigns.

 

Section 11.9.     Severability.
In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

Section 11.10.    Execution
in Counterparts. This Indenture may be executed in two or more counterparts, which when so executed shall constitute one and
the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile, PDF or other electronic
transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu
of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, PDF or other electronic
shall be deemed to be their original signatures for all purposes. Except with respect to authentication of the Notes by the Trustee
or an authenticating agent, the words “execution,” “signed,” “signature,” “delivery”
and words of like import in or relating to this Indenture or any document to be signed in connection with this Indenture shall
be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of
the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a
paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated
hereunder by electronic means.

 

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Section 11.11.  Table
of Contents, Headings, Etc. The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and shall in
no way modify or restrict any of the terms or provisions hereof.

 

Section 11.12.  Acts
of Holders.

 

(a)          Any
request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken
by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in
person or by agent duly appointed in writing (or, with respect to Global Notes, otherwise in accordance with the rules and
procedures of the Depositary); and, except as herein otherwise expressly provided, such action shall become effective when such
instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Issuer. Such instrument
or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act”
of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such
agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Issuer, if made in
the manner provided in this Section 11.12.

 

(b)          The
fact and date of the execution by any Person of any such instrument or writing may be proved (1) by the affidavit of a witness
of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying
that the individual signing such instrument or writing acknowledged to such officer the execution thereof or (2) in any other
manner reasonably deemed sufficient by the Trustee. Where such execution is by a signer acting in a capacity other than such signer’s
individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer’s authority. The
fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be
proved in any other manner which the Trustee deems sufficient.

 

(c)            The
ownership of Notes shall be proved by the register maintained by the Registrar hereunder.

 

(d)            Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall bind every future
Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor
or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Issuer in reliance thereon,
whether or not notation of such action is made upon such Note.

 

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(e)            If
the Issuer shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act,
the Issuer may, at its option, by or pursuant to an Officer’s Certificate, fix in advance a record date for the determination
of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Issuer
shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent,
waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such
record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of outstanding
Notes have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other
Act, and for that purpose the outstanding Notes shall be computed as of such record date; provided that no such authorization,
agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to
the provisions of this Indenture not later than six months after the record date.

 

(f)            The
Trustee may, but shall not be obligated to, set any day as a record date for the purpose of determining the Holders entitled to
join in the giving or making of (1) any notice of default under Section 6.1, (2) any declaration of acceleration
referred to in Section 6.2, (3) any direction referred to in Section 6.5 or (4) any request to pursue a remedy
as permitted in Section 6.6. If any record date is set pursuant to this paragraph, the Holders on such record date, and no
other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain
Holders after such record date; provided that no such action shall be effective hereunder unless made, given or taken on
or prior to the applicable Expiration Date by Holders of the requisite principal amount of Notes or each affected Holder, as applicable,
on such record date. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Issuer’s expense,
shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Issuer
and to each Holder in the manner set forth in Section 11.1.

 

(g)            Without
limiting the foregoing, a Holder entitled to take any action hereunder with regard to any particular Note may do so with regard
to all or any part of the principal amount of such Note or by one or more duly appointed agents, each of which may do so pursuant
to such appointment with regard to all or any part of such principal amount. Any notice given or action taken by a Holder or its
agents with regard to different parts of such principal amount pursuant to this paragraph shall have the same effect as if given
or taken by separate Holders of each such different part.

 

(h)            Without
limiting the generality of the foregoing, a Holder, including a Depositary that is the Holder of a Global Note, may make, give
or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver
or other action provided in this Indenture to be made, given or taken by Holders, and a Depositary that is the Holder of a Global
Note may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such Depositary’s
standing instructions and customary practices.

 

(i)            The
Issuer may fix a record date for the purpose of determining the Persons who are beneficial owners of interests in any Global Note
held by a Depositary entitled under the procedures of such Depositary, if any, to make, give or take, by a proxy or proxies duly
appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture
to be made, given or taken by Holders; provided that if such a record date is fixed, only the beneficial owners of interests
in such Global Note on such record date or their duly appointed proxy or proxies shall be entitled to make, give or take such request,
demand, authorization, direction, notice, consent, waiver or other action, whether or not such beneficial owners remain beneficial
owners of interests in such Global Note after such record date. No such request, demand, authorization, direction, notice, consent,
waiver or other action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date.

 

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(j)            With
respect to any record date set pursuant to this Section 11.12, the party hereto that sets such record date may designate any
day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day;
provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the other
party hereto in writing, and to each Holder of Notes in the manner set forth in Section 11.1, on or prior to both the existing
and the new Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this Section 11.12,
the party hereto which set such record date shall be deemed to have initially designated the 90th day after such record date as
the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this clause (j).

 

Section 11.13.     Force
Majeure. In no event shall the Trustee or any Agent be responsible or liable for any failure or delay in the performance of
its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation,
fire, riots, strikes, or work stoppages for any reason, embargoes, governmental actions, accidents, acts of war or terrorism,
civil or military disturbances, nuclear or natural catastrophes or acts of God, epidemics or pandemics, interruptions, loss or
malfunctions of utilities, communications or computer (software and hardware) services and the unavailability of the Federal Reserve
Bank wire, telex or other communication or wire facility, it being understood that the Trustee and each Agent shall use reasonable
efforts which are consistent with accepted practices in the U.S. banking industry to resume performance as soon as practicable
under the circumstances.

 

Section 11.14.     Legal
Holidays. If any payment date with respect to the Notes falls on a day that is not a Business Day, the payment to be made on
such payment date will be made on the next succeeding Business Day with the same force and effect as if made on such payment date,
and no additional interest will accrue solely as a result of such delayed payment.

 

Section 11.15.     USA
PATRIOT Act. The parties hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act, the Trustee, like
all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify,
and record information that identifies each person or legal entity that establishes a relationship or opens an account. The Issuer
agrees that it will provide the Trustee with information about the Issuer as the Trustee may reasonably request in order for the
Trustee to satisfy the requirements of the USA PATRIOT Act.

 

[Signature Pages Follow]

 

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	 	RADIANT
FUNDING SPV, LLC
	 	 
	 	By:	/s/
Maureen B. Short
	 	Name:	Maureen B. Short
	 	Title:	Authorized Officer

 

[Signature
Page to Indenture]

 

     

     

    

 

	 	Truist
    Bank
	 	as
    Trustee
	 	 	 
	 	By:	/s/ Gregory
    Yanok
	 	Name:	Gregory Yanok
	 	Title:	Vice President

 

[Signature
Page to Indenture]

 

     

     

    

 

EXHIBIT A

 

FORM OF NOTE

 

(Face of 6.375% Senior Note) 

RADIANT
FUNDING SPV, LLC 

(to
be merged with and into Rent-a-center, inc.) 

6.375% Senior Notes due 2029

 

[Global Note Legend]

 

UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE COMPANY OR ITS AGENT
FOR REGISTRATION OR TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR TO SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH OTHER REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS MAY BE REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S
NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

 

[Restricted Notes Legend]

 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS
SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION.
THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH
IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION
TERMINATION DATE”) THAT IS SIX MONTHS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE
OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR
ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION
STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE
PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED
INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL
BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO
NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO
AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES
ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL
ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF $250,000 OF SECURITIES OR (F) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S
RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION
OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST
OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

 

    A-1

     

    

 

BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER THEREOF WILL
BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD
THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975
OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR SIMILAR PROVISIONS UNDER ANY OTHER U.S. OR NON-U.S.
FEDERAL, STATE, LOCAL OR OTHER LAWS OR REGULATIONS (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED
TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS.

 

[Regulation S Legend]

 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS
SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION.
THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH
IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION
TERMINATION DATE”) THAT IS 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE
OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO PERSONS
OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S UNDER THE SECURITIES ACT) IN RELIANCE ON REGULATION S UNDER THE
SECURITIES ACT, ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS
BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE
144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL
BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO
WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S.
PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL
 “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT
IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED
INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF $250,000 OF SECURITIES OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO
ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL,
CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER
AFTER THE RESALE RESTRICTION TERMINATION DATE. BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON
NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
REGULATION S UNDER THE SECURITIES ACT.

 

    A-2

     

    

 

BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER THEREOF WILL
BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD
THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975
OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR SIMILAR PROVISIONS UNDER ANY OTHER U.S. OR NON-U.S.
FEDERAL, STATE, LOCAL OR OTHER LAWS OR REGULATIONS (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED
TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS.

 

    A-3

     

    

 

No.

 

CUSIP NO.1

ISIN

 

Radiant Funding SPV,
LLC (to be merged with and into Rent-A-Center, Inc.), and any successor thereto, promises to pay to [Cede & Co.]2
or registered assigns, the principal sum of ________ [(as may be increased or decreased as set forth on the Schedule of Increases
and Decreases attached hereto)]3 on February 15, 2029.

 

Interest Payment Dates:
February 15 and August 15, beginning August 15, 2021

 

Record Dates: February 1
and August 1 (whether or not a Business Day)

 

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.

 

Upon the Escrow Merger,
this Global Note will automatically exchange into a new Global Note [(CUSIP No. 76009NAL4; ISIN No. US76009NAL47)]4
[(CUSIP No. U76015AE3; ISIN No. USU76015AE34)]5.

 

 

	1	Rule 144A Note Pre-Escrow Merger CUSIP: 75024LAA5
	 	Rule 144A Note Pre-Escrow Merger ISIN: US75024LAA52
	 	Regulation S Note Pre-Escrow Merger CUSIP: U7500LAA8
	 	Regulation S Note Pre-Escrow Merger ISIN: USU7500LAA80
	 	 
	 	Rule 144A Note Post-Escrow Merger CUSIP: 76009NAL4
	 	Rule 144A Note Post-Escrow Merger ISIN: US76009NAL47
	 	Regulation S Note Post-Escrow Merger CUSIP: U76015AE3
	 	Regulation S Note Post-Escrow Merger ISIN: USU76015AE34

 

	2	For Global Notes only.

 

	3	For Global Notes only.

 

	4	For Rule 144A Global Notes only.

 

	5	For Regulation S Global Notes only.

 

    A-4

     

    

 

	 	RADIANT
FUNDING SPV, LLC
	 	 
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	This is one of the Notes referred to in
the	 	 	 
	within-mentioned Indenture:	 	 	 
	 	 	 	 
	Dated:	 	 	 
	 	 	 	 
	TRUIST
BANK, as Trustee	 	 	 
	 	 	 	 
	By:	 	 	 	 
	 	Authorized Signatory	 	 	 

 

    A-5

     

    

 

(Back of 6.375% Senior
Note)

6.375% Senior Notes due 2029

 

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

 

(1)            Interest.
Radiant Funding SPV, LLC, a Delaware limited liability company (to be merged with and into Rent-A-Center, Inc., a Delaware
corporation), and any successor thereto (the “Issuer”) promises to pay interest on the unpaid principal amount
of this 6.375% Senior Note due 2029 (a “Note”) at a fixed rate of 6.375% per annum. The Issuer will pay interest
in U.S. dollars semiannually in arrears on February 15 and August 15, commencing on ________6
(each an “Interest Payment Date”) or if any such day is not a Business Day, on the next succeeding Business
Day with the same force and effect as if made on such Interest Payment Date, and no additional interest shall accrue solely as
a result of such delayed payment. 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 the date of issuance. The Issuer shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate equal to the then applicable interest rate
on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy
Law) on overdue installments of interest (without regard to any applicable grace period), at the same rate to the extent lawful.
Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

 

(2)            Method
of Payment. The Issuer will pay interest on the Notes (except defaulted interest) on the applicable Interest Payment Date to
the Persons who are registered Holders at the close of business on the February 1 and August 1 preceding the Interest
Payment Date (whether or not a Business Day), even if such Notes are cancelled after such record date and on or before such Interest
Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. If a Holder having an
aggregate principal amount of more than $5,000,000 has given written wire transfer instructions to that holder’s U.S. dollar
account within the United States to the Trustee at least ten Business Days prior to the applicable Interest Payment Date, the Issuer
will make all payments of principal, premium and interest, on such Holder’s Notes by wire transfer of immediately available
funds to the account specified in those instructions. Otherwise, payments on the Notes will be made at the office or agency of
the Trustee or Paying Agent unless the Issuer elects to make interest payments by check mailed to the Holders at their addresses
set forth in the register of Holders. 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 this Note prior to Stated Maturity 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 final principal 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. Payments in respect of Global Notes will be made by wire transfer of immediately
available funds to the Depositary.

 

(3)            Paying
Agent and Registrar. Initially, Truist Bank shall act as Paying Agent and Registrar. The Issuer may change any Paying Agent
or Registrar without notice to any Holder, and the Issuer and/or any Restricted Subsidiaries may act as Paying Agent or Registrar.

 

 

6 NTD: will be filled in global note but will keep
it blank for form of in case of add-on notes

 

    A-6

     

    

 

(4)           Indenture.
The Issuer issued the Notes under an Indenture, dated as of February 17, 2021 (the “Indenture”), between
the Issuer and the Trustee. The terms of the Notes include those stated in the Indenture. 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 for a statement of such terms. The Initial Notes issued on the Issue Date were initially
issued in an aggregate principal amount of $450,000,000. The Indenture permits the issuance of Additional Notes subject to compliance
with certain conditions.

 

The payment of principal,
interest on the Notes and all other amounts under the Indenture is unconditionally guaranteed, jointly and severally, on a senior
unsecured basis by the Subsidiary Guarantors.

 

(5)           Optional
Redemption.

 

(a)            The
Notes may be redeemed, in whole or in part, at any time or from time to time prior to February 15, 2024 at the option of the
Issuer, at a redemption price equal to 100.0% of the principal amount of the Notes redeemed plus the Applicable Premium as of,
and accrued and unpaid interest thereon, if any to, but excluding, the applicable redemption date (subject to the right of Holders
of record on the relevant record date to receive interest due on the relevant Interest Payment Date).

 

(b)            At
any time or from time to time on or after February 15, 2024, the Issuer, at its option, may redeem the Notes in whole or in
part at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, together
with accrued and unpaid interest thereon, if any, to, but excluding, the applicable redemption date (subject to the right of Holders
of record on the relevant record date to receive interest due on the relevant Interest Payment Date), if redeemed during the 12-month
period beginning on February 15 of the years indicated below:

 

	Year	 	Redemption Price	 
	2024	 	 	103.188	%
	2025	 	 	101.594	%
	2026 and thereafter	 	 	100.000	%

 

(c)            In
the event that prior to February 15, 2024, the Issuer receives net cash proceeds from one or more Equity Offerings, the Issuer
may use an amount not greater than the amount of such net cash proceeds to redeem up to 40.0% of the original aggregate principal
amount of all Notes issued (calculated after giving effect to any issuance of Additional Notes) at a redemption price of 106.375%
of the principal amount thereof, plus accrued and unpaid interest, if any, to but excluding, the applicable redemption date (subject
to the rights of Holders of Notes on the relevant regular record date to receive interest due on the relevant interest payment
date that is on or prior to the applicable redemption date); provided that:

 

    A-7

     

    

 

(1)            at
least 50.0% of the aggregate principal amount of Notes issued on the Issue Date remains outstanding immediately after giving effect
to each such redemption; and

 

(2)            the
redemption occurs not more than 120 days after the date of the closing of any such Equity Offering.

 

(d)            If
Holders of not less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes
in connection with any tender offer or other offer to purchase the Notes (including pursuant to a Change of Control Offer, Alternate
Offer or an offer to purchase with the proceeds from any Asset Disposition) and the Issuer, or any other Person making such offer
in lieu of the Issuer, purchases all of the Notes validly tendered and not validly withdrawn by such Holders, the Issuer will have
the right, upon not less than ten nor more than 60 days’ prior notice, to redeem all Notes that remain outstanding following
such purchase and the Holders of such remaining Notes shall be deemed to have consented to surrender their Notes at a redemption
price in cash equal to the applicable price paid to Holders in such purchase, plus accrued and unpaid interest, if any, to but
excluding the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on
an interest payment date that is on or prior to the date of redemption).

 

(6)            [Reserved].

 

(7)            Offer
to Purchase upon Change of Control.

 

(a)          Upon
the occurrence of a Change of Control, the Issuer may be required to offer to repurchase all or any part of each Holder’s
Notes pursuant to a Change of Control Offer on terms set forth in the Indenture.

 

(b)         Upon
the occurrence of certain Asset Dispositions, the Issuer may be required to offer to purchase Notes as provided in the Indenture.

 

(c)            Holders
of the Notes that are the subject of an offer to purchase will receive notice of an Offer to Purchase pursuant to Section 4.10
of the Indenture or the Change of Control Offer, as applicable, from the Issuer prior to any related purchase date and may elect
to have such Notes purchased by completing the form titled “Option of Holder to Elect Purchase” attached hereto.

 

(8)          Notice
of Redemption. Notice of redemption shall be delivered at least ten days but not more than 60 days before the redemption date
(except that notices may be delivered more than 60 days before an expected redemption date if the notice is issued in accordance
with Article VIII of the Indenture) to each Holder whose Notes are to be redeemed in accordance with Section 11.1 of
the Indenture. Notices of redemption may be subject to conditions precedent as set forth in the Indenture. Notes in denominations
larger than $2,000 may be redeemed in part so long as no partial redemption results in a Note having a principal amount of less
than $2,000.

 

(9)          Denominations,
Transfer, Exchange. The Notes are in registered form without coupons in initial minimum denominations of $2,000 and integral
multiples of $1,000 in excess thereof. The transfer of the Notes may be registered and the Notes may be exchanged as provided in
the Indenture. The Registrar, the Trustee and the Issuer may require a Holder, among other things, to furnish appropriate endorsements
and transfer documents, and the Holder will be required to pay all taxes due on transfer (except as otherwise provided in the Indenture).
The Registrar is not required (A) to issue, to register the transfer of or to exchange Notes during a period beginning at
the opening of 15 days before the day of any selection of Notes for redemption and ending at the close of business on the day of
such selection, (B) to register the transfer of or to exchange any Note so selected for redemption in whole or in part, except
the unredeemed portion of any Note being redeemed in part, or (C) to register the transfer of or to exchange a Note between
a record date and the next succeeding Interest Payment Date.

 

    A-8

     

    

 

(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, the Notes and the Subsidiary Guarantees may be amended or supplemented as provided in
the Indenture.

 

(12)          Defaults
and Remedies. The Events of Default relating to the Notes are defined in Section 6.1 of the Indenture. Upon the occurrence
of an Event of Default, the rights and obligations of the Issuer, the Subsidiary Guarantors, the Trustee and the Holders shall
be as set forth in the applicable provisions of the Indenture.

 

(13)          No
Recourse Against Others. No director, officer, employee, incorporator, stockholder, partner or member of the Issuer or any
Subsidiary Guarantor, as such, will have any liability for any indebtedness, obligations or liabilities of the Issuer or of any
Subsidiary Guarantor (other than the Issuer in respect of the Notes and each Subsidiary Guarantor in respect of its Subsidiary
Guarantee) under the Notes, the Subsidiary Guarantees or the Indenture or for any claim based on, in respect of, or by reason of,
such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release
are part of the consideration for issuance of the Notes and the Subsidiary Guarantees, to the extent permitted by applicable law.

 

(14)          Authentication.
This Note shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent.

 

(15)          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).

 

(16)          CUSIP
and ISIN Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures,
the Issuer has caused CUSIP and ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP and ISIN 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.

 

    A-9

     

    

 

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

 

Rent-A-Center, Inc. 

5501 Headquarters Drive, 

Plano, Texas 75024 

Attention: General Counsel

 

    A-10

     

    

 

ASSIGNMENT FORM

 

	To assign this Note, fill in the form below:
(I) or (we) assign and transfer this Note to
	 
	 
	(Insert assignee’s soc. sec. or tax
I.D. no.)
	 
	 
	 
	 
	 
	 
	(Print or type assignee’s name, address
and zip code)
	 
	and irrevocably appoint
	 
	 
	to transfer this Note on the books of the
Issuer. The agent may substitute another to act for him.

 

	Date:	 	 	 

 

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

 

 

Signature guarantee:

 

    A-11

     

    

 

OPTION OF HOLDER TO ELECT PURCHASE

 

If you want to elect
to have this Note purchased by the Issuer pursuant to Section 4.10 or 4.13 of the Indenture, check the box below:

 

	[   ] Section 4.10	 	[  
] Section 4.13

 

If you want to elect
to have only part of the Note purchased by the Issuer pursuant to Section 4.10 or 4.13 of the Indenture, state the amount
you elect to have purchased: $______________

 

	Date:	 	 	 

 

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

 

Tax Identification No.:

 

Signature guarantee:

 

    A-12

     

    

 

[INCLUDE IN TRANSFER RESTRICTED NOTES]

 

CERTIFICATE TO BE DELIVERED UPON

EXCHANGE OF TRANSFER RESTRICTED NOTES

 

Radiant Funding SPV, LLC 

(to be merged with and into Rent-A-Center,
LLC) 

5501 Headquarters Drive, 

Plano, Texas 75024 

Attention: General Counsel

 

Truist Bank 

Corporate Trust Services 

2713 Forest Hills Road, Building 2 

Wilson, North Carolina 27893 

Facsimile: (252) 246-4303 

Email: Gregory.yanok@truist.com 

Attention: Gregory Yanok

 

Re: 6.375% Senior Notes
due 2029 CUSIP NO. ________

 

Reference is hereby
made to that certain Indenture dated February 17, 2021 (the “Indenture”) between Radiant Funding SPV, LLC,
a Delaware limited liability company (to be merged with and into Rent-A-Center, Inc., a Delaware corporation) (such limited
liability company, and its successors and assigns under the Indenture, the “Issuer”) and Truist Bank, as trustee
(the “Trustee”). Capitalized terms used but not defined herein shall have the meanings set forth in the Indenture.

 

This certificate relates
to $______ principal amount of Notes held in (check applicable space) ___________ book-entry or ____________ definitive form by
the undersigned.

 

In connection with
any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the Resale Restriction Termination
Date, the undersigned confirms that such Notes are being transferred as follows:

 

CHECK ONE BOX BELOW:

 

	(1)	 ̈	to
the Issuer or any of its subsidiaries; or

 

	(2)	 ̈	inside
the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933,
as amended) that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that
such transfer is being made in reliance on Rule 144A under the Securities Act of 1933, as amended, in each case pursuant
to and in compliance with Rule 144A thereunder; or

 

	(3)	 ̈	transferred
pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”);
or

 

    A-13

     

    

 

	(4)	 ̈	outside
the United States in an offshore transaction within the meaning of Regulation S under the Securities Act, in compliance with Rule 904
thereunder; or

 

	(5)	 ̈	transferred
to an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under
the Securities Act), that has furnished to the Trustee a signed letter containing certain representations and agreements (the
form of which letter appears as Exhibit D of the Indenture); or

 

	(6)	 ̈	transferred
pursuant to another available exemption from the registration requirements under the Securities Act.

 

Unless one of the boxes
is checked, the Registrar will refuse to register any of the Notes evidenced by this certificate in the name of any person other
than the registered Holder thereof; provided, however, that if box (4), (5) or (6) is checked, the Trustee
or the Issuer may require, prior to registering any such transfer of the Securities, the delivery of an opinion of counsel, certification
and/or other information satisfactory to each of them to confirm that such transfer is being made pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the Securities Act, such as the exemption provided by Rule 144
under such Act.

 

	 	 
	 	Signature

 

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

 

TO BE COMPLETED BY PURCHASER IF (2) ABOVE
IS CHECKED.

 

The undersigned represents
and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole investment
discretion and that each of it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A
under the Securities Act of 1933, as amended (“Rule 144A”), and is aware that the sale to it is being made
in reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has
requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor
is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by
Rule 144A.

 

	 	[Name of Transferee]
	 	 
	 	 
	 	NOTICE: To be executed by
an executive officer, if an entity
	 	 
	Dated:	 	 
	 	 	 

 

    A-14

     

    

 

SCHEDULE OF INCREASES AND DECREASES
OF 6.375% SENIOR NOTES DUE 20297

 

The following transfers, exchanges and redemption
of this Global Note have been made:

 

	Date of Transfer, 

Exchange or 

Redemption	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 Trustee

 or Note Custodian
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

 

7
For Global Notes only.

 

    A-15

     

    

 

EXHIBIT B-1

 

[Form of
Supplemental Indenture to be Delivered upon 

Consummation of the Escrow Merger]

 

This Supplemental Indenture,
dated as of __________, 20__ (this “Supplemental Indenture”), is by and among Rent-A-Center, Inc., a Delaware
corporation (together with its successors and assigns, the “Issuer”), each of the parties identified as a Subsidiary
Guarantor on the signature pages hereto (each, a “Subsidiary Guarantor” and collectively, the “Subsidiary
Guarantors”) and Truist Bank, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, Radiant Funding
SPV, LLC (the “Initial Issuer”) and the Trustee have heretofore executed and delivered an Indenture, dated as
of February 17, 2021 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing
for the issuance of an unlimited aggregate principal amount of 6.375% Senior Notes due 2029 of the Initial Issuer (the “Notes”);

 

WHEREAS, the Issuer
and each Subsidiary Guarantor that is a signatory hereto is executing this Supplemental Indenture pursuant to which (i) the
Issuer shall each become a party to the Indenture and assume all of the rights and be subject to all of the obligations and agreements
of the “Issuer” under the Indenture and (ii) each such Subsidiary Guarantor shall become a party to the Indenture
and assume all of the rights and be subject to all of the obligations and agreements of a “Subsidiary Guarantor” under
the Indenture; and

 

WHEREAS, pursuant to
Section 9.1 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the
Issuer, the Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders
as follows:

 

ARTICLE I

Definitions

 

SECTION 1.1     Capitalized
Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

ARTICLE II

Agreements to be Bound

 

SECTION 2.1     Agreement
to be Bound as Issuer. Without limiting the assumption by operation of law upon the Escrow Merger, the Issuer hereby becomes
party to the Indenture as the “Issuer” for all purposes thereof and as such will have all of the rights and be subject
to all of the obligations and agreements of the “Issuer” under the Indenture.

 

    B-1-1

     

    

 

SECTION 2.2     Agreements
to Become Subsidiary Guarantors. Each of the Subsidiary Guarantors hereby unconditionally guarantees the Issuer’s obligations
for the due and punctual payment of the principal of, premium, if any, and interest on all the Notes and the performance and observance
of each other obligation and covenant set forth in the Indenture to be performed or observed on the part of the Issuer, on the
terms and subject to the conditions set forth in Article X of the Indenture and agrees to be bound by all other provisions
of the Indenture and the Notes applicable to a Subsidiary Guarantor therein.

 

ARTICLE III

Miscellaneous

 

SECTION 3.1     Governing
Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

 

SECTION 3.2     Severability
Clause. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be
ineffective only to the extent of such invalidity, illegality or unenforceability.

 

SECTION 3.3     Ratification
of Indenture; Supplemental Indentures Part of Indenture; No Liability of Trustee. Except as expressly amended hereby,
the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full
force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of a Note heretofore
or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity
or sufficiency of this Supplemental Indenture or the New Guarantor’s Subsidiary Guarantee. Additionally, the Trustee shall
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 Issuer, the New Guarantor and the Subsidiary Guarantors, and the Trustee makes no
representation with respect to any such matters.

 

SECTION 3.4     Counterparts.
This Supplemental Indenture may be executed in two or more counterparts, which when so executed shall constitute one and the same
agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile, PDF or other electronic
transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may
be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, PDF or other
electronic shall be deemed to be their original signatures for all purposes.

 

SECTION 3.5     Headings.
The headings of the Articles and the sections in this Supplemental Indenture are for convenience of reference only and shall not
be deemed to alter or affect the meaning or interpretation of any provisions hereof.

 

[Signatures on Following Page]

 

    B-1-2

     

    

 

	 	 
	 	Rent-A-Center, Inc.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	[NEW GUARANTOR],
	 	as a Guarantor
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	TRUIST BANK,
	 	as Trustee
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 

 

    B-1-3

     

    

 

EXHIBIT B-2

 

[FORM OF SUPPLEMENTAL INDENTURE TO
BE DELIVERED

BY SUBSEQUENT SUBSIDIARY GUARANTORS]

 

This Supplemental Indenture
and Subsidiary Guarantee, dated as of _____________, 20__ (this “Supplemental Indenture” or “Subsidiary
Guarantee”), among ____________ (the “New Guarantor”), Radiant Funding SPV, LLC (to be merged with
and into Rent-A-Center, Inc.) (together with its successors and assigns, the “Issuer”) and Truist Bank,
as Trustee (in such capacity, the “Trustee”), paying agent and registrar under such Indenture.

 

W I T N E S S E T H:

 

WHEREAS, the Issuer
and the Trustee have heretofore executed and delivered an Indenture, dated as of February 17, 2021 (as amended, supplemented,
waived or otherwise modified, the “Indenture”), providing for the issuance of an unlimited aggregate principal
amount of 6.375% Senior Notes due 2029 of the Issuer (the “Notes”);

 

WHEREAS, Section 4.15
of the Indenture provides that in certain circumstances the Issuer may be required to cause certain Restricted Subsidiaries of
the Issuer to execute and deliver a Guarantee with respect to the Notes on the same terms and conditions as those set forth in
the Indenture.

 

WHEREAS, pursuant to
Section 9.1 of the Indenture, the Trustee and the Issuer are authorized to execute and deliver this Supplemental Indenture
to amend the Indenture, without the consent of any Holder to add an additional Subsidiary Guarantor.

 

NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the
New Guarantor, the Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

 

ARTICLE I

Definitions

 

SECTION 1.1     Defined
Terms. As used in this Supplemental Indenture, capitalized terms defined in the Indenture or in the preamble or recitals thereto
are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words
of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular
section hereof.

 

ARTICLE II

Agreement to be Bound; Guarantee

 

SECTION 2.1     Agreement
to be Bound. The New Guarantor hereby becomes a party to the Indenture as a Subsidiary Guarantor and as such shall have all
of the rights and be subject to all of the obligations and agreements of a Subsidiary Guarantor under the Indenture. The New Guarantor
agrees to be bound by all of the provisions of the Indenture applicable to a Subsidiary Guarantor and to perform all of the obligations
and agreements of a Subsidiary Guarantor under the Indenture, subject to the release provisions and other limitations set forth
in the Indenture.

 

    B-2-1

     

    

 

ARTICLE III

Miscellaneous

 

SECTION 3.1     Governing
Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

 

SECTION 3.2     Severability
Clause. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be
ineffective only to the extent of such invalidity, illegality or unenforceability.

 

SECTION 3.3     Ratification
of Indenture; Supplemental Indentures Part of Indenture; No Liability of Trustee. Except as expressly amended hereby,
the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full
force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of a Note heretofore
or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity
or sufficiency of this Supplemental Indenture or the New Guarantor’s Subsidiary Guarantee. Additionally, the Trustee shall
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 Issuer, the New Guarantor and the Subsidiary Guarantors, and the Trustee makes no
representation with respect to any such matters.

 

SECTION 3.4     Counterparts.
This Supplemental Indenture may be executed in two or more counterparts, which when so executed shall constitute one and the same
agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile, PDF or other electronic
transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may
be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, PDF or other
electronic shall be deemed to be their original signatures for all purposes.

 

SECTION 3.5     Headings.
The headings of the Articles and the sections in this Supplemental Indenture are for convenience of reference only and shall not
be deemed to alter or affect the meaning or interpretation of any provisions hereof.

 

[Signatures on Following Page]

 

    B-2-2

     

    

 

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

 

	 	RADIANT FUNDING SPV, LLC
	 	 
	 	By:	 
	 	 	 
	 	 	 
	 	 
	 	[NEW GUARANTOR],
	 	as a Guarantor
	 	
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	TRUIST BANK,
	 	as Trustee
	 	 
	 	By:	 
	 	 	 
	 	 	 

 

    B-2-3

     

    

 

EXHIBIT C

 

[FORM OF CERTIFICATE TO BE DELIVERED

IN CONNECTION WITH TRANSFERS PURSUANT TO REGULATION S]

 

Radiant Funding SPV, LLC

(to be merged with and into Rent-A-Center, Inc.)

5501 Headquarters Drive,

Plano, Texas 75024

Attention: General Counsel

 

Truist Bank

Corporate Trust Services

2713 Forest Hills Road, Building 2

Wilson, North Carolina 27893

Facsimile: (252) 246-4303

Email: Gregory.yanok@truist.com

Attention: Gregory Yanok

 

Re: Radiant Funding SPV, LLC
(to be merged with and into Rent-A-Center, Inc.) (the “Issuer”) 6.375% Senior Notes due 2029 (the “Notes”)

 

Ladies and Gentlemen:

 

In connection with
our proposed sale of $______________ aggregate principal amount of the Notes (CUSIP No._______________), we confirm that such sale
has been effected pursuant to and in accordance with Regulation S (“Regulation S”) under the U.S. Securities
Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent that:

 

(1)            the
offer of the Notes was not made to a person in the United States;

 

(2)          either
(a) at the time the buy order was originated, the transferee was outside the United States or we and any person acting on
our behalf reasonably believed that the transferee was outside the United States or (b) the transaction was executed in, on
or through the facilities of a designated off-shore securities market and neither we nor any person acting on our behalf knows
that the transaction has been pre-arranged with a buyer in the United States;

 

(3)          no
directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(b) or Rule 904(b) of
Regulation S, as applicable; and

 

(4)            the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

In addition, if the
sale is made during a restricted period and the provisions of Rule 903(b) or Rule 904(b) of Regulation S are
applicable thereto, we confirm that such sale has been made in accordance with the applicable provisions of Rule 903(b) or
Rule 904(b), as the case may be.

 

    C-1

     

    

 

The Issuer and you
are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in
this certificate have the meanings set forth in Regulation S.

 

	 	Very truly yours,
	 	 
	 	 
	 	[Name of Transferor]
	 	 
	 	By:	 
	 	 	Authorized Signature
	 	 

 

    C-2

     

    

 

EXHIBIT D

 

[FORM OF CERTIFICATE TO BE DELIVERED

IN CONNECTION WITH TRANSFERS TO IAIs]

 

Radiant Funding SPV, LLC

(to be merged with and into Rent-A-Center, Inc.)

5501 Headquarters Drive,

Plano, Texas 75024

Attention: General Counsel

 

Truist Bank

Corporate Trust Services

2713 Forest Hills Road, Building 2

Wilson, North Carolina 27893

Facsimile: (252) 246-4303

Email: Gregory.yanok@truist.com

Attention: Gregory Yanok

 

Re: Radiant Funding SPV, LLC
(to be merged with and into Rent-A-Center, Inc.) (the “Issuer”) 6.375% Senior Notes due 2029 (the “Notes”)

 

Ladies and Gentlemen:

 

This certificate is delivered to request a
transfer of $_____________ principal amount of the Notes.

 

Upon transfer, the Notes would be registered
in the name of the new beneficial owner as follows:

 

	 	Name:	 	 

 

	 	Address:	 	 

 

	 	Taxpayer ID
    Number:	 	 
	 		 

The undersigned represents and warrants to
you that:

 

1.            We
are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the
Securities Act of 1933, as amended (the “Securities Act”)), purchasing for our own account or for the account
of such an institutional “accredited investor” at least $250,000 principal amount of the Securities, and we are acquiring
the Notes not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We
have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risk of our
investment in the Notes, and we invest in or purchase securities similar to the Notes in the normal course of our business. We
and any accounts for which we are acting are each able to bear the economic risk of our or its investment.

 

    D-1

     

    

 

2.            We
understand that the Notes have not been registered under the Securities Act (or the securities laws of any state or other jurisdiction)
and, unless so registered, may not be reoffered, sold, assigned, transferred, pledged, encumbered or otherwise disposed of except
as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing
Notes to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of the date of original
issue, the original issue date of any additional Notes and the last date on which the Issuer or any affiliate of the Issuer was
the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only (a) to
the Issuer or any of its subsidiaries, (b) pursuant to a registration statement that has been declared effective under the
Securities Act, (c) for so long as the Securities are eligible for resale pursuant to Rule 144A under the Securities
Act, in a transaction complying with the requirements of Rule 144A under the Securities Act, to a person we reasonably
believe is a “qualified institutional buyer” under Rule 144A under the Securities Act (a “QIB”)
that is purchasing for its own account or for the account of a QIB and to whom notice is given that the transfer is being made
in reliance on Rule 144A, (d) pursuant to offers and sales that occur outside the United States to non-U.S. persons,
in compliance with Regulation S under the Securities Act, (e) to an institutional “accredited investor” within
the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is not a QIB and is purchasing for
its own account or for the account of another institutional “accredited investor,” in each case in a minimum principal
amount of Securities of $250,000, for investment purposes and not with a view to or for offer or sale in connection with any distribution
in violation of the Securities Act or (f) pursuant to any other available exemption from the registration requirements of
the Securities Act, subject in each of the foregoing cases to any requirement of law that the disposition of our property or the
property of such investor account or accounts be at all times within our or their control and in compliance with any applicable
state securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date.
If any resale or other transfer of the Notes is proposed to be made pursuant to clause (e) above prior to the Resale
Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter
to the Issuer and Truist Bank, as trustee (the “Trustee”), which shall provide, among other things, that the
transferee is an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under
the Securities Act) and that it is acquiring such Securities for investment purposes and not for distribution in violation of the
Securities Act. Each purchaser acknowledges that the Issuer and the Trustee reserve the right prior to any offer, sale or other
transfer prior to the Resale Restriction Termination Date of the Notes pursuant to clause (d), (e) or (f) above
to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Issuer and the Trustee.

 

3.           We [are] [are not] an affiliate of the
Issuer.

 

    D-2

     

    

 

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

 

	 	Very truly yours,
	 	 
	 	 
	 	[Name of Transferor]
	 	 
	 	By:	 
	 	 	Authorized Signature
	 	 

 

    D-3Exhibit 10.1

 

REGISTRATION RIGHTS AGREEMENT

 

This
Registration Rights Agreement is dated as of February 17, 2021, and is between Rent-A-Center, Inc., a Delaware
corporation (the “Company”) and the holders set forth on the signature pages to this Agreement (each, a
 “Holder” and collectively, the “Holders”).

 

WHEREAS,
the Company, Radalta, LLC, a Utah limited liability company and wholly-owned subsidiary of the Company, Acima Holdings, LLC, a
Utah limited liability company and Aaron Allred, solely in his capacity as the Member Representative, are parties to an Agreement
and Plan of Merger, dated as of December 20, 2020 (as it may be amended, supplemented, restated or modified from time to time,
the “Merger Agreement”);

 

WHEREAS,
immediately prior to the Effective Time, Holders are holders of Acima Holdings, LLC’s Class A Units and Class B
Units, and pursuant to the terms and subject to the conditions set forth in the Merger Agreement, the Holders will acquire shares
of Common Stock (as defined herein) forming part of the Aggregate Stock Consideration as of the Effective Time (as defined herein);
and

 

WHEREAS,
in connection with the consummation of the transactions contemplated by the Merger Agreement, the parties hereto desire to enter
into this Agreement in order to grant certain registration rights to the Holders as set forth below.

 

NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and obligations hereinafter set forth, the parties
hereto hereby agree as follows:

 

Section 1.         Definitions.
As used in this Agreement, the following terms shall have the following meanings:

 

“415
Shelf Registration Statement” means a Registration Statement on Form S-3 providing for an offering
to be made on a continuous basis pursuant to Rule 415 under the Securities Act.

 

“Agreement” means this
Registration Rights Agreement as it may be amended, supplemented, restated or modified from time to time.

 

“Automatic Shelf Registration Statement”
means a Registration Statement that is an “automatic shelf registration statement” as defined in Rule 405 promulgated
under the Securities Act.

 

“Business Day” means
any day except Saturday, Sunday and any day on which banking institutions in the State of New York generally are authorized or
required by Law or other governmental actions to close.

 

“Chosen Courts” has the
meaning set forth in Section 8(k)(ii).

 

“Common Stock” means
common stock of the Company and any securities issued in respect thereof in connection with any stock split, share subdivision
or dividend.

 

     

     

    

 

“Company” has the meaning
set forth in the Preamble.

 

“Company Indemnified Person”
has the meaning set forth in Section 6(b).

 

“Controlling Person”
means, with respect to any person, a “controlling person” of such Person within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act.

 

“Covered Person” has
the meaning set forth in Section 6(a).

 

“Demand Registration”
has the meaning set forth in Section 2(a).

 

“Demand Registration Request”
has the meaning set forth in Section 2(a).

 

“Effective Time” has
the meaning set forth in the Merger Agreement.

 

“Exchange Act” means
the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated by the SEC from time to time thereunder
(or any successor statute and related rules and regulations).

 

“Governmental Entity”
has the meaning set forth in the Merger Agreement.

 

“Holder” has the meaning
set forth in the Preamble.

 

“Laws” has the meaning
set forth in the Merger Agreement.

 

“Marketed
Underwritten Offering” means an Underwritten Offering that involves (i) one-on-one meetings or calls between
investors and management of the Company, other than any Underwritten Offering in the form of a “block trade” which
requires not more than three (3) one-on-one calls between investors and management of the Company, (ii) a customary roadshow
or other marketing activity or (iii) any other substantial marketing effort by the underwriters over a period of at least
twenty-four (24) hours.

 

“Merger” has the meaning
set forth in the Merger Agreement.

 

“Merger Agreement” has
the meaning set forth in the Recitals.

 

“Person” has the meaning
set forth in the Merger Agreement.

 

“Prospectus” means the
prospectus or prospectuses (whether preliminary or final) included in any Registration Statement and relating to Registrable Securities,
as amended or supplemented and including all material incorporated by reference in such prospectus or prospectuses.

 

“Registrable
Securities” means, at any time, any shares of Common Stock received by a Holder pursuant to the Merger Agreement and
any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination,
or any reclassification, recapitalization, merger, amalgamation, consolidation, exchange or other similar reorganization; provided,
however, that as to any particular Registrable Securities, such shares shall cease to constitute Registrable Securities
(a) when such shares have been effectively registered under the Securities Act and disposed of under an effective Registration
Statement in accordance with this Agreement or have been transferred in compliance with Rule 144 or (b) to the extent
such shares can be sold freely without restriction or limitation pursuant to Rule 144 without any volume or manner of sale
restrictions; provided, further, for the avoidance of doubt, nothing in this Agreement shall permit a Holder to transfer
any Registrable Securities at a time when such Holder is not permitted to do so pursuant to the terms of the Lockup Agreement or
Restricted Stock Agreement to which such Holder is a party.

 

    -2-

     

    

 

“Registration Expenses”
has the meaning set forth in Section 5.

 

“Registration Statement”
means any registration statement of the Company under the Securities Act which covers any of the Registrable Securities pursuant
to the provisions of this Agreement, including the Prospectus, all amendments and supplements to such Registration Statement, including
post-effective amendments, all exhibits and all documents incorporated by reference in such Registration Statement.

 

“Rule 144” means
Rule 144 under the Securities Act or any successor rule thereto.

 

“SEC” means the United
States Securities and Exchange Commission, or any successor Governmental Entity.

 

“Securities Act” means
the Securities Act of 1933, as amended, and the rules and regulations promulgated by the SEC from time to time thereunder
(or any successor statute and related rules and regulations).

 

“Selling Expenses” means
all selling commissions, underwriting discounts and commissions and stock transfer taxes applicable to the sale of Registrable
Securities.

 

“Shelf
Registration Statement” means an Automatic Shelf Registration Statement or a 415 Shelf Registration Statement.

 

“Subsidiaries” has the
meaning set forth in the Merger Agreement.

 

“Suspension” has the
meaning set forth in Section 3.

 

“Underwriter” means,
with respect to any Underwritten Offering, a securities dealer who purchases any Registrable Securities as a principal in connection
with a distribution of such Registrable Securities.

 

“Underwritten Offering”
means a public offering of securities registered under the Securities Act in which an Underwriter participates in the distribution
of such securities.

 

    -3-

     

    

 

Section 2.         Shelf
and Demand Registrations.

 

(a)          At
any time following six (6) months after the Effective Time, Holders of greater than ten percent (10%) of the aggregate then-outstanding
Registrable Securities may, by providing written notice to the Company, request to sell all or part of the Registrable Securities
of such Holders pursuant to a Registration Statement (a “Demand Registration”). Each request for a Demand Registration
(a “Demand Registration Request”) shall specify the number of Registrable Securities intended to be offered
and sold by such Holders pursuant to the Demand Registration and the intended method of distribution thereof, which, for avoidance
of doubt, may include an Underwritten Offering as contemplated by Section 2.2(b). To the extent the Company is then eligible,
the registration will be effected by filing a Shelf Registration Statement. Promptly (but in any event within three (3) Business
Days) after receipt of a Demand Registration Request, the Company shall give written notice of the Demand Registration Request
to all other Holders of Registrable Securities. As promptly as practicable and no later than forty-five (45) days after receipt
of a Demand Registration Request, the Company shall register all Registrable Securities (i) that have been requested to be
registered in the Demand Registration Request and (ii) with respect to which the Company has received a written request for
inclusion in the Demand Registration from a Holder no later than ten (10) Business Days after the date on which the Company
has given notice to Holders of the Demand Registration Request. The Company shall use reasonable best efforts to cause the Registration
Statement filed pursuant to this Section 2(a) to be declared effective by the SEC or otherwise become effective
under the Securities Act as promptly as practicable after the filing thereof and maintain such effectiveness for a period of at
least 60 days. The Company shall not be required to effect more than four (4) Demand Registrations under this Agreement.

 

(b)          Upon
the receipt by the Company of a written request from Holders holding a majority of the Registrable Securities in an Underwritten
Offering that is not a Marketed Underwritten Offering, the Company will give written notice of such request to all other Holders
which notice shall be given in any event within five (5) Business Days of the date on which the Company received the initial
request. Any other Holders that desire to sell Registrable Securities of such Underwritten Offering shall give written notice to
the Company within five (5) Business Days after the date the Company gave such other Holders notice of the such initial request
specifying the number of Registrable Securities proposed by such Holder to be included in such Underwritten Offering. A Holder
may change the number of Registrable Securities proposed to be offered in any such Underwritten Offering at any time prior to commencement
of such offering so long as such change would not materially adversely affect the timing or success of such Underwritten Offering;
provided, however, that the Company shall be entitled to reasonably delay an Underwritten Offering to the extent
resulting from such change. The Company will cooperate with such Holders and any Underwriter in effecting an Underwritten Offering
pursuant to the Shelf Registration Statement as promptly as reasonably practicable with respect to all such Registrable Securities,
subject to the limitations and conditions with respect to Underwritten Offerings (the “Underwritten Offering Limitations”):

 

(i)            The
Company shall not be required to effect more than four (4) Underwritten Offerings in the aggregate, only one (1) of which
may be a Marketed Underwritten Offering.

 

(ii)           The
Company shall not be required to effect any Underwritten Offering within ninety (90) days after another Underwritten Offering.

 

(iii)          The
Company shall not be required to effect any Underwritten Offering unless the aggregate gross proceeds expected to be received from
the sale of Registrable Securities in such offering is at least $50 million.

 

    -4-

     

    

 

(iv)          With
respect to a Marketed Underwritten Offering only, the Company shall each be entitled to select one nationally recognized investment
banking firm to serve as a lead Underwriter, and the holders of a majority of the Registration Shares to be offered in the Underwritten
Offering may select a nationally recognized investment banking firm to serve as a co-lead Underwriter.

 

(v)           With
respect to an Underwritten Offering that is not a Marketed Underwritten Offering, the holders of a majority of the Registrable
Securities to be offered shall be entitled to select the nationally recognized investment banking firm to serve as the lead Underwriter
and, if additional underwriters are reasonably necessary or desirable, the Company shall select any additional Underwriters.

 

(c)          Withdrawal.
A Holder may, by written notice to the Company, withdraw the Registrable Securities of such Holder from a Demand Registration at
any time prior to the effectiveness of the applicable Registration Statement.

 

Section 3.         Suspensions.

 

(a)          The
Company shall be entitled to delay or suspend the filing, effectiveness or use of a Registration Statement or Prospectus (a “Suspension”)
if the Company delivers a certificate to the requesting Holder signed by an executive officer of the Company that it has determined
in good faith that (i) proceeding with the filing, effectiveness or use of such Registration Statement or Prospectus would
reasonably be expected to require the Company to disclose material non-public information that the Company would not otherwise
be required to disclose at such time or (ii) the registration or offering proposed to be delayed or suspended would reasonably
be expected to, if not delayed or suspended, have a material adverse effect on any pending negotiation or plan of the Company to
effect a merger, acquisition, disposition, financing, reorganization, recapitalization or other similar transaction; provided,
that the Company shall not be entitled to exercise a Suspension for a period exceeding sixty (60) days on any one occasion or on
more than two (2) occasions in any one year period, or to exercise a Suspension at any time when directors and officers are
not prohibited by the Company from engaging in transactions in the Company’s securities; and provided further that
the Company shall not register any securities for sale for its own account or that of any other shareholder during any Suspension.
Each Holder who is notified by the Company of a Suspension pursuant to this Section 3 shall keep the existence of such
Suspension confidential and shall immediately discontinue (and direct any other Person making offers or sales of Registrable Securities
on behalf of such Holder to immediately discontinue) offers and sales of Registrable Securities pursuant to such Registration Statement
or Prospectus until such time as it is advised in writing by the Company that the use of the Registration Statement or Prospectus
may be resumed. If the Company delays or suspends a Demand Registration, the Holder that initiated such Demand Registration shall
be entitled to withdraw its Demand Registration Request and, if it does so, such Demand Registration Request shall not count against
the limitation on the number of Demand Registrations set forth in Section 2(a).

 

    -5-

     

    

 

(b)          In
addition to the foregoing, in no event shall the Company be required to file any Registration Statement, Prospectus or amendments
thereto during the Company’s quarterly blackout periods beginning on the fifteenth calendar day of the last month in each
quarter and ending one full trading day following the Company’s regular release of earnings for such quarter (provided, that
if the quarterly blackout periods applicable to directors or officers of the Company are reduced, increased or eliminated from
the periods set forth above, such reduction, increase or elimination shall automatically apply to the periods set forth above and
the Company shall promptly notify the Holders of any such reduction, increase or elimination of the quarterly blackout periods
applicable to its directors or officers). Each Holder agrees to discontinue making offers and sales of Registrable Securities pursuant
to a Demand Registration Statement or Prospectus during any such quarterly blackout period. Such periods shall not constitute Suspension
periods for purposes of the frequency limitations described above in Section 3(a).

 

Section 4.         Registration
Procedures. If and whenever the Company is required to effect the registration of any Registrable Securities pursuant to this
Agreement, the Company shall effect and facilitate the registration, offering and sale of such Registrable Securities in accordance
with the intended method of disposition thereof, which, for avoidance of doubt, shall not include an underwritten offering, as
promptly as is practicable and, pursuant thereto, the Company shall:

 

(a)          prepare
and file with the SEC a Registration Statement with respect to such Registrable Securities, make all required filings required
in connection therewith and (if the Registration Statement is not automatically effective upon filing) use reasonable best efforts
to cause such Registration Statement to become effective as promptly as practicable; provided that before filing a Registration
Statement or any amendments or supplements thereto, the Company shall furnish to counsel to the Holders for such registration copies
of all documents proposed to be filed, which documents shall be subject to review by counsel to the Holders at the Company’s
expense, and give the Holders participating in such registration a reasonable opportunity to comment on such documents and keep
such Holders reasonably informed as to the registration process;

 

(b)          cause
the Company’s representatives to supply all information reasonably requested by the relevant Holders, any Underwriter or
their respective representatives in connection with the Registration Statement or Underwritten Offering that is customarily provided
by issuers and their representatives in connection with a registration statement or Underwritten Offering;

 

(c)          prepare
and file with the SEC such amendments and supplements to any Registration Statement and the Prospectus used in connection therewith
as may be necessary to keep such Registration Statement effective in accordance with this Agreement or until all of the Registrable
Securities covered by such Registration Statement have been disposed of and comply with the applicable requirements of the Securities
Act with respect to the disposition of the Registrable Securities covered by such Registration Statement;

 

(d)          furnish
to each Holder participating in the registration, without charge, such number of copies of the Prospectus included in such Registration
Statement (including each preliminary Prospectus) and any supplement thereto (in each case including all exhibits thereto and all
documents incorporated by reference therein) and such other documents as such Holder may reasonably request, including in order
to facilitate the disposition of the Registrable Securities owned by such Holder;

 

    -6-

     

    

 

(e)          use
reasonable best efforts to (i) register or qualify such Registrable Securities under such other securities or blue sky laws
of such U.S. jurisdiction(s) as any Holder participating in the registration reasonably requests and (ii) do any and
all other acts and things that may be necessary or reasonably advisable to enable such Holder to consummate the disposition of
such Holder’s Registrable Securities in such jurisdiction(s); provided, that the Company shall not be required to
qualify generally to do business, subject itself to taxation or consent to general service of process in any jurisdiction where
it would not otherwise be required to do so but for its obligations pursuant to this Section 4(e);

 

(f)           promptly
notify each Underwriter and each Holder participating in the registration:

 

(i)            each
time when the Registration Statement, any pre-effective amendment thereto, the Prospectus or any Prospectus supplement or any post-effective
amendment to the Registration Statement has been filed and, with respect to the Registration Statement or any post-effective amendment
thereto, when the same has become effective;

 

(ii)           of
the issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or the initiation or threatening
of any proceedings for any such purpose; and

 

(iii)          of
the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities
for sale under the applicable securities or blue sky laws of any jurisdiction;

 

(g)          notify
each Holder participating in such registration, at any time when a Prospectus relating thereto is required to be delivered under
the Securities Act, of the occurrence of any event that would cause the Prospectus included in such Registration Statement to contain
an untrue statement of a material fact or to omit any fact necessary to make the statements made therein not misleading in light
of the circumstances under which they were made, and, as promptly as practicable, prepare, file with the SEC and furnish to such
Holder a reasonable number of copies of a supplement or amendment to such Prospectus so that, as thereafter delivered to the purchasers
of such Registrable Securities, such Prospectus will not contain any untrue statement of a material fact or omit to state any fact
necessary to make the statements therein not misleading in light of the circumstances under which they were made;

 

(h)          in
the event of the issuance of any stop order suspending the effectiveness of a Registration Statement, any order suspending or preventing
the use of any related Prospectus or any suspension of the qualification or exemption from qualification of any Registrable Securities
for sale in any jurisdiction, use reasonable best efforts to promptly obtain the withdrawal or lifting of any such order or suspension;

 

    -7-

     

    

 

(i)           not
file or make any amendment to any Registration Statement with respect to any Registrable Securities, or any amendment of or supplement
to the Prospectus used in connection therewith, that refers to any Holder covered thereby by name or otherwise identifies such
Holder as the holder of any securities of the Company without the consent of such Holder (such consent not to be unreasonably withheld
or delayed), unless and to the extent such disclosure is required by law; provided, that (i) each Holder shall furnish
to the Company in writing such information regarding itself and the distribution proposed by it as the Company may reasonably request
for use in connection with a Registration Statement or Prospectus and (ii) each Holder agrees to notify the Company as promptly
as practicable of any inaccuracy or change in information previously furnished to the Company by such Holder or of the occurrence
of any event that would cause the Prospectus included in such Registration Statement to contain an untrue statement of a material
fact regarding such Holder or the distribution of such Registrable Securities or to omit to state any material fact regarding such
Holder or the distribution of such Registrable Securities required to be stated therein or necessary to make the statements made
therein not misleading in light of the circumstances under which they were made and to furnish to the Company, as promptly as practicable,
any additional information required to correct and update the information previously furnished by such Holder such that such Prospectus
shall not contain any untrue statement of a material fact regarding such Holder or the distribution of such Registrable Securities
or omit to state a material fact regarding such Holder or the distribution of such Registrable Securities necessary to make the
statements therein not misleading in light of the circumstances under which they were made;

 

(j)           cause
such Registrable Securities to be listed on each securities exchange on which the Common Stock is then listed;

 

(k)          cooperate
with the Holders of the Registrable Securities to facilitate the timely preparation and delivery of certificates representing the
Registrable Securities to be sold pursuant to such Registration Statement free of any restrictive legends and representing such
number of shares of Common Stock and registered in such names as the Holders of the Registrable Securities may reasonably request
a reasonable period of time prior to sales of Registrable Securities pursuant to such Registration Statement; provided,
that the Company may satisfy its obligations hereunder without issuing physical stock certificates through the use of The Depository
Trust Company’s Direct Registration System;

 

(l)           not
later than the effective date of such Registration Statement, provide and cause to be maintained a transfer agent and registrar
for all Registrable Securities covered by such Registration Statement;

 

(m)         not
later than the effective date of such Registration Statement, provide a CUSIP number for all Registrable Securities covered thereby
and provide the applicable transfer agent with printed certificates for the Registrable Securities in a form eligible for deposit
with The Depository Trust Company; provided, that the Company may satisfy its obligations hereunder without issuing physical
stock certificates through the use of The Depository Trust Company’s Direct Registration System;

 

(n)          enter
into customary agreements (including underwriting agreements) and use reasonable best efforts to take such other actions as are
reasonably requested by the relevant Holders in order to expedite or facilitate the disposition of such Registrable Securities,
including, subject to the provisions of Section 2.2(b) with respect to a Marketed Underwritten Offering, preparing for
and participating in a road show and other customary selling efforts as the Underwriters, if any, or such Holders reasonably request
in order to expedite or facilitate such disposition;

 

    -8-

     

    

 

(o)          if
requested by the relevant Holders or the Underwriter(s), if any, promptly include in any Registration Statement or Prospectus,
pursuant to a supplement or post-effective amendment if necessary, such information as such Holders and such Underwriter(s), if
any, may reasonably request to have included therein, including information relating to the “Plan of Distribution”
of the Registrable Securities, information with respect to the number of Registrable Securities being sold to such Underwriter(s),
the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering,
and make all required filings of such Prospectus supplement or post-effective amendment as promptly as practicable after the Company
is notified of the matters to be included in such Prospectus supplement or post-effective amendment;

 

(p)         except
to the extent prohibited by applicable Laws and subject to entry into a customary confidentiality agreement or arrangement, make
available, after reasonable advance notice, for inspection by the relevant Holders, any Underwriter participating in any disposition
of such Registrable Securities and any representative for such Holders and/or such Underwriter (collectively, the “Inspectors”),
during business hours at the offices where such information is normally kept, any financial and other records and corporate documents
of the Company (collectively, the “Records”) as will be reasonably necessary to enable them to conduct reasonable
and customary due diligence with respect to the Company and the related Registration Statement and Prospectus and request the representatives
of the Company to supply all information reasonably requested by any such Inspector; provided, however, that Records and information
obtained hereunder will be used by such Inspectors only for purposes of conducting such due diligence;

 

(q)          use
its reasonable best efforts to obtain and deliver to each Underwriter a comfort letter from the independent registered public accounting
firm for the Company (and additional comfort letters from the independent registered public accounting firm for any company acquired
by the Company whose financial statements are included or incorporated by reference in the Registration Statement) in customary
form and covering such matters as are customarily covered by comfort letters as such Underwriter may reasonably request; provided,
however, that if the Company fails to obtain such comfort letter and the relevant offering is abandoned, then such Underwritten
Offering or Demand Registration will not count as an Underwritten Offering or Demand Registration, as applicable, for purposes
of determining when future Underwritten Offerings or Demand Registrations may be requested by Holders pursuant to Section 2.2(a) and
Section 2.2(b);

 

(r)           use
its reasonable best efforts to obtain and deliver to each Underwriter a 10b-5 statement and legal opinion from the Company’s
external counsel in customary form and covering such matters as are customarily covered by 10b-5 statements and legal opinions
delivered to Underwriters in Underwritten Offerings as such Underwriter may reasonably request; provided, however,
that if the Company fails to obtain such statement or opinion and the relevant offering is abandoned, then such Underwritten Offering
or Demand Registration will not count as an Underwritten Offering or Demand Registration, as applicable, for purposes of determining
when future Underwritten Offerings or Demand Registrations may be requested by Holders pursuant to Section 2.2(a) and
Section 2.2(b);

 

    -9-

     

    

 

(s)          otherwise
use its reasonable best efforts to comply with all applicable rules and regulations of the SEC and make generally available
to its security holders, within the required time period, an earnings statement covering a period of twelve (12) months, beginning
with the first fiscal quarter after the effective date of the Registration Statement relating to such Registrable Securities (as
the term “effective date” is defined in Rule 158(c) under the Securities Act), which earnings statement will
satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder or any successor provisions
thereto;

 

(t)          make
representations and warranties to such Holders and the Underwriters or agents, if any, in form, substance and scope as are customarily
made by issuers in secondary offerings; and

 

(u)          use
reasonable best efforts to cooperate with each such Holder and each Underwriter, if any, participating in the disposition of such
Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA.

 

Section 5.         Registration
Expenses.

 

(a)          The
Company shall pay directly or promptly reimburse all costs, fees and expenses (other than Selling Expenses) incident to the Company’s
performance of or compliance with this Agreement, including, without limitation, (i) all SEC, FINRA and other registration
and filing fees; (ii) all fees and expenses associated with filings to be made with, or the listing of any Registrable Securities
on, any securities exchange or over-the-counter trading market on which the Registrable Securities are to be listed or quoted;
(iii) all fees and expenses of complying with securities and blue sky laws (including fees and disbursements of counsel for
the Company in connection therewith); (iv) all printing, messenger, telephone and delivery expenses (including the cost of
distributing Prospectuses in preliminary and final form as well as any supplements thereto); (v) all transfer agent’s
and registrar’s fees; (vi) all fees and expenses of counsel to the Company; and (vii) all fees and expenses of
the Company’s independent public accountants and any other Persons retained by the Company in connection with or incident
to any registration of Registrable Securities pursuant to this Agreement (all such costs, fees and expenses, “Registration
Expenses”). Each Holder shall pay the fees and expenses of any counsel engaged by such Holder and shall bear its respective
Selling Expenses associated with a registered sale of its Registrable Securities pursuant to this Agreement.

 

(b)          The
obligation of the Company to bear and pay the Registration Expenses shall apply irrespective of whether a registration, once properly
demanded or requested, becomes effective or is withdrawn or suspended; provided, that the Registration Expenses for any
Registration Statement withdrawn solely at the request of one or more Holder(s) (unless withdrawn following commencement of
a Suspension) shall be borne by such Holder(s).

 

    -10-

     

    

 

Section 6.         Indemnification;
Contribution.

 

(a)          The
Company shall, to the fullest extent permitted by law, indemnify and hold harmless each Holder of Registrable Securities, its affiliates
and their respective partners, directors, officers, members, employees, agents, and each Person, who is a Controlling Person of
such Holder or any of the other foregoing indemnified Persons (each of the foregoing, a “Covered Person”) against
any losses, claims, actions, damages, liabilities and expenses to which such Covered Person may become subject under applicable
U.S. federal and state or non-U.S. securities laws, insofar as such losses, claims, actions, damages, liabilities or expenses arise
out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in or incorporated by reference
in any Registration Statement, Prospectus, preliminary Prospectus, free writing prospectus (as defined in Rule 405 under the
Securities Act or any successor rule thereto) or any amendment thereof or supplement thereto or any document incorporated
by reference therein, (ii) any omission or alleged omission of a material fact required to be stated therein or necessary
to make the statements therein not misleading or (iii) any violation or alleged violation by the Company any U.S. federal
or state or non-U.S. securities laws applicable to the Company and relating to any action or inaction required of the Company in
connection with any registration of the applicable Registrable Securities, and the Company shall reimburse each Covered Person
for any legal or other expenses reasonably incurred by such Covered Person in connection with investigating, defending or settling
any such loss, claim, action, damage or liability; provided, that, in the case of each of clauses (i), (ii), and (iii),
the Company shall not be so liable in any such case to the extent that any loss, claim, action, damage, liability or expense arises
out of or is based upon any such untrue statement or alleged untrue statement, or omission or alleged omission, made or incorporated
by reference in any such Registration Statement, Prospectus, preliminary Prospectus, free writing prospectus (as defined in Rule 405
under the Securities Act or any successor rule thereto) or any amendment thereof or supplement thereto or any document incorporated
by reference therein in reliance upon, and in conformity with, written information prepared and furnished to the Company by or
on behalf of such Covered Person expressly for use therein. This indemnity shall be in addition to any liability the Company may
otherwise have.

 

(b)          In
connection with any registration in which a Holder of Registrable Securities is participating, each such Holder shall furnish to
the Company in writing such information as the Company reasonably requests for use in connection with any such Registration Statement
or Prospectus and shall, to the fullest extent permitted by law, severally and not jointly, indemnify and hold harmless the Company,
its directors and officers, employees, agents and any Person who is a Controlling Person of the Company or any of the other foregoing
indemnified Persons (each of the foregoing, a “Company Indemnified Person”) against any losses, claims, actions,
damages, liabilities and expenses to which such Company Indemnified Person may become subject under applicable U.S. federal and
state or non-U.S. securities laws, insofar as such losses, claims, actions, damages, liabilities or expenses arise out of or are
based upon (i) any untrue or alleged untrue statement of a material fact contained or incorporated by reference in any Registration
Statement, Prospectus, preliminary Prospectus, free writing prospectus (as defined in Rule 405 under the Securities Act or
any successor rule thereto) or any amendment thereof or supplement thereto or any document incorporated by reference therein;
or (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein not misleading, but, in the case of each of clauses (i) and (ii), only to the extent that such untrue statement or
alleged untrue statement, or omission or alleged omission, is made in such Registration Statement, Prospectus, preliminary Prospectus,
free writing prospectus (as defined in Rule 405 under the Securities Act or any successor rule thereto) or any amendment
thereof or supplement thereto in reliance upon, and in conformity with, written information prepared and furnished to the Company
by such Holder expressly for use therein, and each such Holder shall reimburse each Company Indemnified Person for any legal or
other expenses reasonably incurred by such Company Indemnified Person in connection with investigating, defending or settling any
such loss, claim, action, damage or liability; provided, that the obligation to indemnify pursuant to this Section 6(b) shall
not exceed an amount equal to the net proceeds received by such Holder in the sale of Registrable Securities to which such Registration
Statement or Prospectus relates. This indemnity shall be in addition to any liability which each such Holder may otherwise have.

 

    -11-

     

    

 

(c)          Any
Person entitled to indemnification hereunder shall give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification; provided, that any failure or delay to so notify the indemnifying party shall not relieve
the indemnifying party of its obligations hereunder, except to the extent that the indemnifying party is actually and materially
prejudiced by reason of such failure or delay. In case a claim or an action that is subject or potentially subject to indemnification
hereunder is brought against an indemnified party, the indemnifying party shall be entitled to participate in and shall have the
right, exercisable by giving written notice to the indemnified party as promptly as practicable after receipt of written notice
from such indemnified party of such claim or action, to assume, at the indemnifying party’s expense, the defense of any such
claim or action, with counsel reasonably acceptable to the indemnified party; provided, that any indemnified party shall
continue to be entitled to participate in the defense of such claim or action, with counsel of its own choice, but the indemnifying
party shall not be obligated to reimburse the indemnified party for any fees, costs and expenses subsequently incurred by the indemnified
party in connection with such defense unless (A) the indemnifying party has agreed in writing to pay such fees, costs and
expenses, (B) the indemnifying party has failed to assume the defense of such claim or action within a reasonable time after
receipt of notice of such claim or action, or (C) the use of counsel chosen by the indemnifying party to represent the indemnified
party would present such counsel with a conflict of interest.

 

(d)          If
the indemnification provided for in this Section 6(d) is held by a court of competent jurisdiction to be unavailable
to, or unenforceable by, an indemnified party in respect of any loss, claim, action, damage, liability or expense referred to herein,
then the applicable indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount
paid or payable by such indemnified party as a result of such loss, claim, action, damage, liability or expense in such proportion
as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the
other hand, in connection with the statements, omissions or violations which resulted in such loss, claim, action, damage, liability
or expense as well as any other relevant equitable considerations. The relative fault of the indemnifying party, on the one hand,
and of the indemnified party, on the other hand, shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party, whether the violation of the U.S. federal and state or non-U.S.
securities law applicable to the Company and relating to any action or inaction required of the Company in connection with any
registration of the applicable Registrable Securities was perpetrated by the indemnifying party or the indemnified party, and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement, omission
or violation. The parties agree that it would not be just and equitable if contribution pursuant hereto were determined by pro
rata allocation or by any other method or allocation that does not take into account the equitable considerations referred to in
this Section 6(d). In no event shall the amount which a Holder of Registrable Securities may be obligated to contribute
pursuant to this Section 6(d) exceed an amount equal to the gross proceeds received by such Holder in the sale
of Registrable Securities that gives rise to such obligation to contribute. No indemnified party guilty or liable of fraudulent
misrepresentation within the meaning of Section 11(f) of the Securities Act shall be entitled to contribution from any
Person who was not guilty of such fraudulent misrepresentation.

 

    -12-

     

    

 

(e)          The
provisions of this Section 6(e) shall remain in full force and effect regardless of any investigation made by
or on behalf of any indemnified party or any officer, director or Controlling Person of such indemnified party and shall survive
the transfer of any Registrable Securities by any Holder.

 

Section 7.         Rule 144
Compliance. With a view to making available to the Holders of Registrable Securities the benefits of Rule 144 and any
other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without
registration, the Company shall:

 

(a)          use
commercially reasonable efforts to make and keep public information available, as those terms are understood and defined in Rule 144;

 

(b)          use
commercially reasonable efforts to file with the SEC in a timely manner all reports and other documents required of the Company
under the Securities Act and the Exchange Act; and

 

(c)          furnish
to any Holder of Registrable Securities, promptly upon request, a written statement by the Company as to its compliance with the
reporting requirements of Rule 144 and of the Securities Act and the Exchange Act.

 

Section 8.         Miscellaneous.

 

(a)          Effective
Time. The operative provisions of this Agreement shall become effective as of the Effective Time.

 

(b)          Termination.
This Agreement shall terminate immediately with respect to a Holder upon the earlier of (i) the forty-two (42)-month anniversary
of the Closing Date, (ii) the mutual written agreement of the Company and such Holder, and (iii) the date on which such
Holder does not own any Registrable Securities; provided that the provisions of Section 5, Section 5(a) and
Section 8 shall survive such termination. Neither the provisions of this Section 8(b) nor the termination
of this Agreement shall relieve (x) any party hereto from any liability of such party to any other party incurred prior to
such termination or (y) any party hereto from any liability to any other party arising out of or in connection with a breach
of this Agreement.

 

(c)          Amendment.
This Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by
an instrument in writing specifically designated as an amendment hereto, signed on behalf of each of the parties in interest at
the time of the amendment.

 

    -13-

     

    

 

(d)         Extension;
Waiver. At any time prior to the termination of this Agreement pursuant to Section 8(b), the parties hereto, may,
to the extent legally allowed, (a) extend the time for the performance of any of the obligations or other acts of the other
party hereto, (b) waive any inaccuracies in the representations and warranties contained herein or in any document delivered
pursuant hereto and (c) waive compliance with any of the agreements or contained herein. Any agreement on the part of a party
hereto to any such extension or waiver shall be valid only if set forth in a written instrument signed on behalf of such party,
but such extension or waiver or failure to insist on strict compliance with an obligation, covenant, agreement or condition shall
not operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

 

(e)          Notices.
All notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be deemed given
(a) when received if delivered personally, (b) on the next Business Day if sent by overnight courier for next Business
Day delivery (providing proof of delivery), (c) on receipt of confirmation if sent by facsimile, (d) in five (5) Business
Days if sent by United States registered or certified mail, postage prepaid (return receipt requested) or (e) when transmitted
by email (provided that no failure message is generated) to the other parties at the following addresses (or at such other address
for a party as shall be specified by like notice):

 

if to the Holders, to:

 

Aaron
Allred, as Member Representative

13907 S Minuteman Drive, Suite 500

Draper, UT 84020

E-mail:           aaron.allred@acimacredit.com

 

With a copy (which shall not constitute notice) to:

 

Wachtell,
Lipton, Rosen & Katz

51 West 52nd Street

New York, New York 10019

Attention:     Nicholas
G. Demmo

Facsimile:      (212) 403-1381

E-mail:           ngdemmo@wlrk.com

 

and

 

if to the Company, to:

 

Rent-A-Center, Inc.

5501 Headquarters Dr.

Plano, TX 75024

Attention:     General Counsel

Facsimile:      (866) 456-1809

E-mail:           Bryan.Pechersky@rentacenter.com

 

    -14-

     

    

 

With a copy (which shall not constitute notice) to:

 

Sullivan &
Cromwell LLP

1888 Century Park East, 21st Floor

Los Angeles, California 90067

Attention:     Alison S. Ressler

Facsimile:      (310) 407-2681

E-mail:           resslera@sullcrom.com

 

(f)          Interpretation.
A reference made in this Agreement to a Section shall be to an Section in this Agreement unless otherwise indicated.
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
of this Agreement. Whenever the words “include,” “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation.” The word “will” shall
be construed to have the same meaning and effect of the word “shall.” The words “hereof,” “herein”
and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and
not to any particular provision of this Agreement. The word “extent” in the phrase “to the extent” shall
mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if.” The word “or”
shall be deemed to mean “and/or.” All terms defined in this Agreement shall have the defined meanings when used in
any certificate or other document made or delivered pursuant thereto unless otherwise defined therein. The definitions contained
in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the
feminine and neuter genders of such term. Each of the parties has participated in the drafting and negotiation of this Agreement.
If an ambiguity or question of intent or interpretation arises, this Agreement must be construed as if it is drafted by both of
the parties, and no presumption or burden of proof shall arise favoring or disfavoring either party by virtue of authorship of
any of the provisions of this Agreement. Reference to any Person includes such Person’s successors and assigns but, if applicable,
only if such successors and assigns are not prohibited by this Agreement, and reference to a Person in a particular capacity excludes
such Person in any other capacity or individually.

 

(g)         Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall
become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. The
exchange of a fully executed Agreement (in counterparts or otherwise) by facsimile or by electronic delivery in .pdf format
shall be sufficient to bind the parties to the terms and conditions of this Agreement.

 

(i)          Entire
Agreement. This Agreement constitutes the entire agreement among the parties and supersedes all prior agreements and understandings,
both written and oral, among the parties with respect to the subject matter hereof.

 

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(j)          Waiver
of Jury Trial. EACH PARTY HERETO AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO
A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT AND ANY OF THE
AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO CERTIFIES AND
ACKNOWLEDGES THAT (a) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (b) EACH PARTY HERETO
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATION OF THIS WAIVER; (c) EACH PARTY HERETO MAKES THIS WAIVER VOLUNTARILY; AND (d) EACH
PARTY HERETO HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
Section 8(j).

 

(k)          Governing
Law; Jurisdiction.

 

(i)            This
Agreement, and all claims or causes of action (whether at Law, in contract or in tort or otherwise) that may be based upon, arise
out of or relate to this Agreement or the negotiation, execution or performance hereof, shall be governed by and construed in accordance
with the Laws of the State of Delaware, without giving effect to any choice or conflict of law provision or rule (whether
of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than
the State of Delaware.

 

(ii)           Each
of the parties hereto irrevocably agrees that it shall bring any proceeding in respect of any claim arising out of or related to
this Agreement and the rights and obligations arising in connection herewith, or for recognition and enforcement of any judgment
in respect of this Agreement and the rights and obligations arising hereunder, brought by any other party hereto or its successors
or assigns, exclusively in the Delaware Court of Chancery (or, only if the Delaware Court of Chancery lacks or declines to accept
jurisdiction over a particular matter, any federal court within the State of Delaware) (the “Chosen Courts”)
and solely in connection with such proceeding, (a) irrevocably submits to the exclusive jurisdiction of the Chosen Courts,
(b) irrevocably waives any claim that it is not personally subject to the jurisdiction of the Chosen Courts for any reason
other than the failure to serve in accordance with this Section 8(k)(ii) and any claim that it or its property
is exempt or immune from the jurisdiction of the Chosen Courts or from any legal process commenced in the Chosen Courts (whether
through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise),
(c) irrevocably submits to the exclusive venue of any such proceeding in the Chosen Courts and waives any objection to laying
venue in any such proceeding in the Chosen Courts and (d) waives any objection that the Chosen Courts is an inconvenient forum,
does not have jurisdiction over such party hereto or that this Agreement, or the subject matter hereof, may not be enforced in
or by the Chosen Courts. Each party agrees that a final and nonappealable judgment in any proceeding originally brought in the
Chosen Courts shall be conclusive and binding upon both of the parties and may be enforced in any other courts the jurisdiction
of the parties may be subject, by suit upon such judgment. Each party to this Agreement irrevocably consents to service of process
in the manner provided for notices in Section 8(e) and agrees that service made in such manner shall have the
same legal force and effect as if served upon such party personally within the jurisdiction of the Chosen Courts. Nothing in this
Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by Law.

 

    -16-

     

    

 

(l)           Assigns.
Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned (in whole or in part) by either
party hereto (whether by operation of Law or otherwise) without the prior written consent of the other party and any such assignment
without such consent shall be null and void and of no effect, provided, that the Company may assign this Agreement at any
time in connection with a sale or acquisition of the Company, whether by merger, consolidation, sale of all or substantially all
of the Company’s assets, or similar transaction, without the consent of the Holders; provided, that the successor
or acquiring Person agrees in writing to assume all of the Company’s rights and obligations under this Agreement. No assignment
by either party shall relieve such party of any of its obligations hereunder. Subject to the preceding sentences, this Agreement
shall be binding upon, and shall inure to the benefit of, and shall be enforceable by the parties hereto and their respective successors
and assigns.

 

(m)         Severability.
Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective
and valid under applicable Law but if any provision or portion of any provision of this Agreement is held to be invalid, illegal
or unenforceable in any respect under any applicable Law or rule in any jurisdiction, such invalidity, illegality or unenforceability
will not affect any other provision or portion of any provision in such jurisdiction, and this Agreement will be reformed, construed
and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never
been contained herein, so long as the economic and legal substance of the transactions contemplated hereby are not affected in
a manner materially adverse to any party hereto.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties hereto,
intending to be legally bound hereby, have executed or caused this Agreement to be executed in counterparts, all as of the day
and year first above written.

 

	 	RENT-A-CENTER, INC.
	 	 
	 	 
	 	By:	/S/ Bryan Pechersky
	 	 	Name:	Bryan Pechersky
	 	 	Title:	Executive Vice President, General Counsel and Secretary

 

    

     

    

 

	 	AARON ALLRED
	 	 
	 	 
	 	By:	/S/ Aaron Allred
	 	 	Name:	Aaron Allred

 

    

     

    

 

	 	ARIES SIMPLE FINANCE, LLC
	 	 
	 	 
	 	By:	/S/ Richard P. Durham
	 	 	Name:	Richard P. Durham
	 	 	Title:	Manager

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