Document:

EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 

 
  

 
 TA MFG LIMITED 

as Issuer 
 ESTERLINE TECHNOLOGIES
CORPORATION 
 as Parent Guarantor 

THE SUBSIDIARY GUARANTORS 
 as
Guarantors 
 3.625% SENIOR NOTES DUE 2023 

INDENTURE 
 Dated as of
April 8, 2015 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Trustee 
 SOCIÉTÉ
GÉNÉRALE BANK & TRUST 
 as Transfer Agent, Registrar, Authenticating Agent, and Paying Agent 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE 1.	  			
		
	 DEFINITIONS AND INCORPORATION

BY REFERENCE
	  			
			
	 Section 1.01
	 	 Definitions.
	  	 	1	  
	 Section 1.02
	 	 Other Definitions.
	  	 	11	  
	 Section 1.03
	 	 Rules of Construction.
	  	 	12	  
	 Section 1.04
	 	 Acts of Holders.
	  	 	12	  
		
	ARTICLE 2.	  			
		
	THE NOTES	  			
			
	 Section 2.01
	 	 Form and Dating.
	  	 	13	  
	 Section 2.02
	 	 Execution and Authentication.
	  	 	14	  
	 Section 2.03
	 	 Registrar and Paying Agent.
	  	 	14	  
	 Section 2.04
	 	 Paying Agent to Hold Money.
	  	 	15	  
	 Section 2.05
	 	 Holder Lists.
	  	 	16	  
	 Section 2.06
	 	 Transfer and Exchange.
	  	 	16	  
	 Section 2.07
	 	 Outstanding Notes.
	  	 	25	  
	 Section 2.08
	 	 Replacement Notes.
	  	 	26	  
	 Section 2.09
	 	 Treasury Notes.
	  	 	27	  
	 Section 2.10
	 	 Temporary Notes.
	  	 	27	  
	 Section 2.11
	 	 Cancellation.
	  	 	27	  
	 Section 2.12
	 	 Defaulted Interest.
	  	 	27	  
	 Section 2.13
	 	 Additional Amounts.
	  	 	27	  
	 Section 2.14
	 	 Currency Indemnity
	  	 	29	  
		
	ARTICLE 3.	  			
		
	REDEMPTION AND PREPAYMENT	  			
			
	 Section 3.01
	 	 Notices to Trustee.
	  	 	30	  
	 Section 3.02
	 	 Selection of Notes to Be Redeemed or Purchased.
	  	 	30	  
	 Section 3.03
	 	 Notice of Redemption.
	  	 	31	  
	 Section 3.04
	 	 Effect of Notice of Redemption.
	  	 	32	  
	 Section 3.05
	 	 Deposit of Redemption or Purchase Price.
	  	 	32	  
	 Section 3.06
	 	 Notes Redeemed in Part.
	  	 	32	  
	 Section 3.07
	 	 Optional Redemption.
	  	 	32	  
	 Section 3.08
	 	 [Reserved].
	  	 	33	  
	 Section 3.09
	 	 Redemption for Changes in Taxes.
	  	 	33	  
		
	ARTICLE 4.	  			
		
	COVENANTS	  			
			
	 Section 4.01
	 	 Payment of Notes.
	  	 	34	  
	 Section 4.02
	 	 Maintenance of Office or Agency.
	  	 	34	  
	 Section 4.03
	 	 SEC Reports.
	  	 	35	  
	 Section 4.04
	 	 Limitation on Liens.
	  	 	36	  

  
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	 Section 4.05
		 Limitation on Sale and Leaseback.
		 	37	  
	 Section 4.06
		 Exemption from Limitation on Liens and Sale and Leaseback.
		 	38	  
	 Section 4.07
		 Statement by Officers as to Default.
		 	38	  
	 Section 4.08
		 Waiver of Certain Covenants.
		 	38	  
	 Section 4.09
		 Offer to Repurchase Upon Change of Control.
		 	39	  
	 Section 4.10
		 Limitation of Guarantees by Restricted Subsidiaries.
		 	40	  
	 Section 4.11
		 Payments for Consent.
		 	40	  
	 Section 4.12
		 Maintenance of Listing.
		 	41	  
	 Section 4.13
		 Further Instruments and Acts.
		 	41	  
		
	ARTICLE 5.				
		
	SUCCESSORS				
			
	 Section 5.01
		 Merger, Sale and Lease.
		 	41	  
	 Section 5.02
		 Successor Person Substituted.
		 	42	  
	 Section 5.03
		 Securities to Be Secured in Certain Events.
		 	42	  
	 Section 5.04
		 No Consolidation, Etc., Shall Result in Event of Default.
		 	43	  
		
	ARTICLE 6.				
		
	DEFAULTS AND REMEDIES				
			
	 Section 6.01
		 Events of Default.
		 	43	  
	 Section 6.02
		 Acceleration of Maturity.
		 	44	  
	 Section 6.03
		 Other Remedies.
		 	45	  
	 Section 6.04
		 Waiver of Past Defaults.
		 	45	  
	 Section 6.05
		 Control by Majority.
		 	45	  
	 Section 6.06
		 Limitation on Suits.
		 	45	  
	 Section 6.07
		 Rights of Holders to Receive Payment.
		 	46	  
	 Section 6.08
		 Collection Suit by Trustee.
		 	46	  
	 Section 6.09
		 Trustee May File Proofs of Claim.
		 	46	  
	 Section 6.10
		 Priorities.
		 	46	  
	 Section 6.11
		 Undertaking for Costs.
		 	47	  
		
	ARTICLE 7.				
		
	TRUSTEE				
			
	 Section 7.01
		 Duties of Trustee.
		 	47	  
	 Section 7.02
		 Rights of Trustee and Agents.
		 	48	  
	 Section 7.03
		 Individual Rights of Trustee.
		 	50	  
	 Section 7.04
		 Trustee’s Disclaimer.
		 	50	  
	 Section 7.05
		 Notice of Defaults.
		 	50	  
	 Section 7.06
		 [Reserved].
		 	50	  
	 Section 7.07
		 Compensation and Indemnity.
		 	50	  
	 Section 7.08
		 Replacement of Trustee.
		 	51	  
	 Section 7.09
		 Successor Trustee by Merger, Etc.
		 	52	  
	 Section 7.10
		 Eligibility; Disqualification.
		 	52	  
	 Section 7.11
		 Communications.
		 	52	  

  
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	ARTICLE 8.				
		
	LEGAL DEFEASANCE AND COVENANT DEFEASANCE				
			
	 Section 8.01
		 Option to Effect Legal Defeasance or Covenant Defeasance.
		 	53	  
	 Section 8.02
		 Legal Defeasance and Discharge.
		 	53	  
	 Section 8.03
		 Covenant Defeasance.
		 	54	  
	 Section 8.04
		 Conditions to Legal or Covenant Defeasance.
		 	54	  
	 Section 8.05
		 Deposited Money and European Government Obligations to Be Held in Trust; Other Miscellaneous Provisions.
		 	55	  
	 Section 8.06
		 Repayment to Issuer.
		 	55	  
	 Section 8.07
		 Reinstatement.
		 	55	  
		
	ARTICLE 9.				
		
	AMENDMENT, SUPPLEMENT AND WAIVER				
			
	 Section 9.01
		 Without Consent of Holders of Notes.
		 	56	  
	 Section 9.02
		 With Consent of Holders of Notes.
		 	56	  
	 Section 9.03
		 Revocation and Effect of Consents.
		 	58	  
	 Section 9.04
		 Notation on or Exchange of Notes.
		 	58	  
	 Section 9.05
		 Trustee Protected.
		 	58	  
	 Section 9.06
		 Publication.
		 	58	  
		
	ARTICLE 10.				
		
	GUARANTEE				
			
	 Section 10.01
		 Guarantee.
		 	59	  
	 Section 10.02
		 Limitation on Subsidiary Guarantor Liability.
		 	59	  
	 Section 10.03
		 Execution and Delivery of Guarantee.
		 	60	  
	 Section 10.04
		 Subsidiary Guarantor May Consolidate, Etc., on Certain Terms.
		 	61	  
	 Section 10.05
		 Releases.
		 	61	  
		
	ARTICLE 11.				
		
	SATISFACTION AND DISCHARGE				
			
	 Section 11.01
		 Satisfaction and Discharge.
		 	62	  
	 Section 11.02
		 Application of Trust Money.
		 	62	  
		
	ARTICLE 12.				
		
	MISCELLANEOUS				
			
	 Section 12.01
		 [Reserved].
		 	63	  
	 Section 12.02
		 Notices.
		 	63	  
	 Section 12.03
		 [Reserved].
		 	64	  
	 Section 12.04
		 Certificate and Opinion as to Conditions Precedent.
		 	64	  
	 Section 12.05
		 Statements Required in Certificate or Opinion.
		 	65	  
	 Section 12.06
		 Rules by Trustee and Agents.
		 	65	  
	 Section 12.07
		 No Personal Liability of Directors, Officers, Employees and Stockholders.
		 	65	  
	 Section 12.08
		 Governing Law.
		 	65	  
	 Section 12.09
		 Submission to Jurisdiction; Appointment of Agent for Service.
		 	65	  
	 Section 12.10
		 No Adverse Interpretation of Other Agreements.
		 	66	  

  
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	Section 12.11		 Successors.
		 	66	  
	 Section 12.12
		 Severability.
		 	66	  
	 Section 12.13
		 Counterpart Originals.
		 	66	  
	 Section 12.14
		 Table of Contents, Headings, Etc.
		 	66	  
	 Section 12.15
		 Waiver of Jury Trial.
		 	66	  
	 Section 12.16
		 Force Majeure.
		 	67	  
	 Section 12.17
		 Prescription.
		 	67	  
	 Section 12.18
		 Compliance with European Sanctions and International Embargoes.
		 	67	  
	 Section 12.19
		 U.S.A. Patriot Act.
		 	67	  

  
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 EXHIBITS 
  

			
	Exhibit A		FORM OF NOTES
	Exhibit B		FORM OF CERTIFICATE OF TRANSFER
	Exhibit C		FORM OF CERTIFICATE OF EXCHANGE
	Exhibit D		FORM OF NOTATION OF GUARANTEE
	Exhibit E		FORM OF SUPPLEMENTAL INDENTURE

  
 -v- 

 INDENTURE dated as of April 8, 2015 among TA Mfg Limited, a private limited company
incorporated under the laws of England and Wales (the “Issuer”), Esterline Technologies Corporation, a Delaware corporation (the “Parent Guarantor”), the subsidiary guarantors from time to time party hereto, Wells
Fargo Bank, National Association, as trustee (the “Trustee”), and Société Générale Bank & Trust, as transfer agent, registrar, authenticating agent and paying agent. 

The Issuer, the Parent Guarantor and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the
Holders (as defined below) of the 3.625% Senior Notes due 2023 (the “Notes”): 
 ARTICLE 1. 

DEFINITIONS AND INCORPORATION 
 BY
REFERENCE 
  

	Section 1.01	Definitions. 

 “144A Global Note” means a Global Note substantially in
the form of Exhibit A hereto bearing the applicable Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the respective Depositary therefor or its nominee that will be issued in
a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A. 
 “Additional
Notes” means additional notes (other than the Initial Notes) issued from time to time under this Indenture in accordance with Section 2.02 hereof, as part of the same series as the Initial Notes. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise; provided that beneficial ownership of 10% or more of the Voting Stock of a Person will be deemed to be
control. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” have correlative meanings. 

“Agent” means any Authentication Agent, Registrar, co-registrar, Transfer Agent, Paying Agent or additional paying agent.

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

 (1) 1.0% of the principal amount of such Note; and 

(2) the excess, if any, of (a) the present value at such Redemption Date of (i) the redemption price of such Note at
April 15, 2018 (such redemption price being set forth in the table in Section 3.07), plus (ii) all required interest payments due on such Note through April 15, 2018 (excluding accrued but unpaid interest to the Redemption Date),
computed using a discount rate equal to the Bund Rate as of such Redemption Date plus 50 basis points; over (b) the then outstanding principal amount of such Note. 

“Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note,
the rules and procedures of the Depositary that apply to such transfer or exchange. 
 “Attributable Debt” means, with
respect to any sale and leaseback transaction at the time of determination, the present value (discounted at the interest rate implicit in the lease) of the total obligations of the lessee of the property subject to such lease for rental payments
during the remaining term of the lease included in such Sale and Leaseback Transaction, including any period for which such lease has been extended or may, at the option of the lessor, be extended, or until the earliest date on which the lessee may
terminate such lease without penalty or 

 
upon payment of penalty (in which case the rental payments shall include such penalty), after excluding from such rental payments all amounts required to be paid on account of maintenance and
repairs, insurance, taxes, assessments, water, utilities and similar charges. 
 “Bankruptcy Law” means (i) for the
purposes of the Issuer and the foreign Subsidiary Guarantors, if any, any bankruptcy, insolvency or other similar statute (including, without limitation, U.K. insolvency laws), regulation or provision of any jurisdiction in which the Issuer and each
foreign Subsidiary Guarantors, if any, are organized or conducting business, (ii) for purposes of the Parent Guarantor and the domestic Subsidiary Guarantor, any bankruptcy, insolvency or other similar statute (including, without limitation,
Title 11, U.S. Code or any similar federal or state law for the relief of debtors), regulation or provision of any jurisdiction in which the Parent Guarantor and the domestic Subsidiary Guarantors are organized or conducting business and
(iii) for purposes of the Trustee, any bankruptcy, insolvency or similar statute, regulation or provision of any jurisdiction in which the Trustee is organized. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and
Rule 13d-5 under the U.S. Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the U.S. Exchange Act),
such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable
only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned” have corresponding meanings. 

“Board of Directors” means: 

(1) with respect to a corporation, the board of directors of the corporation or any committee thereof; 

(2) with respect to a partnership, the board of directors of the general partner of the partnership; 

(3) with respect to a limited liability company, the board of managers of the limited liability company; and 

(4) with respect to any other Person, the board or committee of such Person serving a similar function. 

“Bund Rate” means, as of any redemption date, the rate per annum equal to the equivalent yield to maturity as of such
redemption date of the Comparable German Bund Issue, assuming a price for the Comparable German Bund Issue (expressed as a percentage of its principal amount) equal to the Comparable German Bund Price for such relevant date, where: 

(1) “Comparable German Bund Issue” means the German Bundesanleihe security selected by any Reference German
Bund Dealer as having a fixed maturity most nearly equal to the period from such redemption date to April 15, 2018, and that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues
of euro denominated corporate debt securities in a principal amount approximately equal to the then outstanding principal amount of the notes and of a maturity most nearly equal to April 15, 2018; provided, however, that, if the
period from such redemption date to April 15, 2018 is less than one year, a fixed maturity of one year shall be used; 

(2) “Comparable German Bund Price” means, with respect to any relevant date, the average of all Reference
German Bund Dealer Quotations for such date (which, in any event, must include at least two such quotations), after excluding the highest and lowest such Reference German Bund Dealer Quotations, or if the Issuer obtains fewer than four such
Reference German Bund Dealer Quotations, the average of all such quotations; 

  
 -2- 

 (3) “Reference German Bund Dealer” means any dealer of German
Bundesanleihe securities appointed by the Issuer in good faith; and 
 (4) “Reference German Bund Dealer
Quotations” means, with respect to each Reference German Bund Dealer and any relevant date, the average as determined by the Issuer of the bid and offered prices for the Comparable German Bund Issue (expressed in each case as a percentage
of its principal amount) quoted in writing to the Issuer by such Reference German Bund Dealer at 3:30 p.m. Frankfurt, Germany time on the third Business Day preceding the relevant date. 

“Business Day” means a day other than a Saturday, Sunday or other day on which banking institutions in London, Ireland or New
York or a place of payment under this Indenture are authorized or required by law to close. 
 “Capital Stock” means: 

(1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company,
partnership or membership interests (whether general or limited); and 
 (4) any other interest or participation that confers
on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding any debt securities convertible into such equity securities. 

“Capitalized Lease Obligation” means, as to any Person, the obligations of such Person under a lease that are required to be
classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the capitalized amount of such obligations at such date, determined in accordance with
GAAP. 
 “Change of Control” means the occurrence of any of the following events: 

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

b) the adoption of a plan relating to the liquidation or dissolution of the Parent Guarantor; 

c) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the U.S. Exchange Act) becomes the
ultimate Beneficial Owner, directly or indirectly, of 50% or more of the voting power of the Voting Stock of the Parent Guarantor; 
 d) the
first day on which a majority of the members of the Board of Directors of the Parent Guarantor are not Continuing Directors; or 
 e) the
Parent Guarantor consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into the Parent Guarantor, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the
Parent Guarantor or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where (A) the Voting Stock of the Parent Guarantor outstanding immediately prior to such transaction is
converted into or exchanged for Voting Stock (other than Disqualified Capital Stock) of the surviving or transferee Person constituting a majority of the outstanding shares of such Voting Stock of such surviving or transferee Person (immediately
after giving effect to such issuance) and 

  
 -3- 

 
(B) immediately after such transaction, no “person” or “group” (as such terms are used in Section 13(d) and 14(d) of the U.S. Exchange Act) becomes, directly or
indirectly, the Beneficial Owner of 50% or more of the voting power of all classes of Voting Stock of the Parent Guarantor; or 
 f) the
Issuer is no longer a direct or indirect wholly owned Subsidiary of the Parent Guarantor (unless it has been consolidated or merged into the Parent Guarantor in accordance with the terms of this Indenture). 

“Clearstream” means Clearstream Banking S.A., a société anonyme as currently in effect or any successor
securities clearing agency. 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Common Depositary” means a depositary common to Euroclear and Clearstream, being initially Société
Générale Bank & Trust, together with its successors in such capacity. 
 “Consolidated Cash Flow”
means, with respect to any specified Person for any period, the Net Income of such Person for such period plus: 
 (1) provision for taxes
based on income or profits of such Person and its Subsidiaries for such period, to the extent that such provision for taxes was deducted in computing such Net Income; plus 

(2) the consolidated interest expense of such Person and its Subsidiaries for such period, whether paid or accrued, including, without
limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments, the interest component of any deferred payment obligations, the interest component of all payments associated with Capitalized Lease
Obligations, imputed interest with respect to Attributable Debt in connection with Sale and Leaseback Transactions, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and
net of the effect of all payments made or received pursuant to Hedging Obligations, in each case to the extent deducted in computing such Net Income; plus 

(3) depreciation, amortization (including amortization of goodwill and other intangibles (but excluding amortization of prepaid cash expenses
that were paid in a prior period) and other non-cash expenses (excluding any such non-cash expense to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense that was
paid in a prior period) of such Person and its Subsidiaries for such period to the extent that such depreciation, amortization and other non-cash expenses were deducted in computing such Net Income; plus 

(4) any fees and expenses, or any amortization or write off thereof, incurred in connection with any acquisition, investment, asset
disposition, issuance or repayment of debt, issuance of equity securities, refinancing transaction (including the termination of existing Hedging Obligations in connection therewith) or amendment or other modification of any debt instrument; and any
charges incurred a result of any such transaction; minus 
 (5) non-cash items increasing such Net Income for such period, other than
the accrual of revenue consistent with past practice; 
 in each case, on a consolidated basis and determined in accordance with GAAP. In addition, for
purposes of calculating the Consolidated Cash Flow: 
 (1) acquisitions and that have been made by the specified Person or any of its
Subsidiaries, including through mergers or consolidations, or any Person or any of its Subsidiaries acquired by the specified Person or any of its Subsidiaries, and including any related financing transactions and giving effect to the application of
proceeds from any dispositions, during the four-quarter reference period or subsequent to such reference period and on or prior to the date on which the event for which the calculation of the Consolidated Cash Flow is made shall be deemed to have
occurred on the first day of the four-quarter reference period; and 
 (2) the Consolidated Cash Flow attributable to discontinued
operations, as determined in accordance with GAAP, and operations or businesses disposed of prior to the date on which the event for which the calculation of the Consolidated Cash Flow is made, shall be excluded, 

  
 -4- 

 provided, that to the extent that clause (1) or (2) of this paragraph requires that pro forma
effect be given to an acquisition, disposition or discontinued operations, as applicable, such pro forma calculation shall be made in good faith by a responsible financial or accounting officer of the Parent Guarantor (and may include, for the
avoidance of doubt and without duplication, cost savings, synergies, operating expense reductions and other operating improvements and initiatives resulting from such acquisition, disposition or discontinued operations whether or not such cost
savings, synergies, operating expense reductions or other operating improvements and initiatives would be allowed under Regulation S-X promulgated by the SEC or any other regulation or policy of the SEC). 

“Consolidated Net Assets” means the book value of all assets of the Parent Guarantor and its Subsidiaries on a consolidated
basis, net of accumulated depreciation and amortization, determined in accordance with GAAP. 
 “Continuing Directors”
means, as of any date of determination, any member of the Board of Directors of the Parent Guarantor who: 
 (1) was a member
of such Board of Directors on the date of this Indenture; or 
 (2) was nominated for election or elected to such Board of
Directors with the approval of a majority of the Continuing Directors who were members of such Board at the time of such nomination or election. 

“Corporate Trust Office of the Trustee” will be at the address of the Trustee specified in Section 12.02 hereof or such
other address as to which the Trustee or successor trustee may give notice to the Issuer. 
 “Credit Agreement” means the
Credit Agreement, dated as of March 11, 2011, by and among the Parent Guarantor, the guarantor subsidiaries named therein, Wells Fargo Bank, National Association, as administrative agent, the other lenders named therein and the other arrangers
or agents party thereto, including any related letters of credit, notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or
refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time, in which case, the credit agreement or other debt agreement (including any indenture in the case of debt securities)
together with all other documents and instruments related shall constitute the “Credit Agreement,” whether with the same or different agents and lenders or institutional investors. 

“Currency Agreement” means any foreign exchange contract, currency swap agreement or other similar agreement or arrangement
designed to protect the Parent Guarantor or any Restricted Subsidiary of the Parent Guarantor against fluctuations in currency values. 

“Custodian” means, in the case of any Global Note held through Euroclear or Clearstream, the Common Depositary. 

“Danish Guarantor” has the meaning set forth in Section 10.02(b). 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

 “Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with
Section 2.06 hereof, substantially in the form of Exhibit A hereto except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 

  
 -5- 

 “Depositary” means, with respect to any Global Note, the Person specified in
Section 2.03 hereof as the Depositary with respect to such Global Note, and any and all successors thereto appointed as Depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

“Disqualified Capital Stock” means that portion of any Capital Stock which, by its terms (or by the terms of any security
into which it is convertible or for which it is exchangeable at the option of the holder thereof), or upon the happening of any event (other than an event which would constitute a Change of Control), matures or is mandatorily redeemable, pursuant to
a sinking fund obligation or otherwise, or is redeemable at the sole option of the holder thereof (except, in each case, upon the occurrence of a Change of Control) on or prior to the final maturity date of the Notes. 

“EU Directive” means European Council Directive 2003/48/EC (as amended by European Council Directive 2014/48/EU) or any other
directive implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000 on the taxation of savings income, or any law implementing or complying with or introduced in order to conform to, such directive. 

“Euroclear” means Euroclear Bank SA/NV or any successor clearing agency. 

“European Government Obligations” means direct obligations of, or obligations guaranteed by, a member state of the European
Union, and the payment for which such member state of the European Union pledges its full faith and credit. 
 “GAAP” means
generally accepted accounting principles 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, which are in effect on the date of this Indenture. 

“Global Note Legend” means the legend set forth in Section 2.06(g)(2), which is required to be placed on all Global
Notes issued under this Indenture. 
 “Global Notes” means, individually and collectively, the Global Notes issued in
accordance with Section 2.01 or 2.06 hereof. 
 “guarantee” means a guarantee other than by endorsement of negotiable
instruments for collection in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any
part of any Indebtedness. 
 “Guarantee” means the Parent Guarantee and the Subsidiary Guarantees. 

“Guarantors” means the Parent Guarantor and the Subsidiary Guarantors. 

“Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under: 

(1) interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and other agreements or
arrangements designed to protect such Person against fluctuations in interest rates; 
 (2) commodity swap agreements,
commodity option agreements, forward contracts and other agreements or arrangements designed to protect such Person against fluctuations in commodity prices; and 

(3) foreign exchange contracts, currency swap agreements and other agreements or arrangements designed to protect such Person
against fluctuations in foreign currency exchange rates. 

  
 -6- 

 “Holder” means a Person in whose name a Note is registered. 

“Indebtedness” means with respect to any Person, without duplication, 

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

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

(3) all Capitalized Lease Obligations of such Person; 

(4) all Obligations of such Person issued or assumed as the deferred purchase price of property, all conditional sale
obligations and all Obligations under any title retention agreement (but excluding trade accounts payable and other accrued liabilities arising in the ordinary course of business and indemnification obligations and obligations under agreements
relating to the sale or acquisition of assets or equity); 
 (5) all Obligations for the reimbursement of any obligor on any
letter of credit, banker’s acceptance or similar credit transaction; 
 (6) guarantees and other contingent obligations
in respect of Indebtedness referred to in clauses (1) through (5) above and clause (8) below; 
 (7) all
Obligations of any other Person of the type referred to in clauses (1) through (6) above which are secured by any lien on any property or asset of such Person, the amount of such Obligation being deemed to be the lesser of the fair market
value of such property or asset or the amount of the Obligation so secured; 
 (8) Hedging Obligations, other than Hedging
Obligations that are incurred for the purpose of protecting the Parent Guarantor or its Restricted Subsidiaries against fluctuations in interest rates, commodity prices or foreign currency exchange rates, and not for speculative purposes, and that
do not increase the Indebtedness of the obligor outstanding at any time other than as a result of fluctuations in interest rates, commodity prices or foreign currency exchange rates or by reason of fees, indemnities and compensation payable
thereunder; or 
 (9) all Disqualified Capital Stock issued by such Person with the amount of Indebtedness represented by
such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and its maximum fixed repurchase price, but excluding accrued dividends, if any. 

For purposes hereof, the “maximum fixed repurchase price” of any Disqualified Capital Stock which does not have a fixed repurchase
price shall be calculated in accordance with the terms of such Disqualified Capital Stock as if such Disqualified Capital Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Indenture, and if
such price is based upon, or measured by, the fair market value of such Disqualified Capital Stock, such fair market value shall be determined reasonably and in good faith by the Board of Directors of the issuer of such Disqualified Capital Stock.

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

“Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 

  
 -7- 

 “Initial Notes” means the €330.0 million aggregate principal amount of
Notes issued under this Indenture on the date hereof. 
 “Interest Payment Date” means April 15 and October 15 of
each year, or if any such day is not a Business Day, on the next succeeding Business Day. 
 “Investments” means, with
respect to any Person, all direct or indirect investments by such Person in other Persons (including Affiliates) in the forms of loans (including guarantees or other obligations), advances or capital contributions (excluding commission, travel and
similar advances to officers and employees made in the ordinary course of business), purchases or other acquisitions for value of Indebtedness, Equity Interests or other securities, together with all items that are or would be classified as
investments on a balance sheet prepared in accordance with GAAP. If the Parent Guarantor or any Restricted Subsidiary sells or otherwise disposes of any Equity Interests of any direct or indirect Restricted Subsidiary such that, after giving effect
to any such sale or disposition, such Person is no longer a Restricted Subsidiary, the Parent Guarantor shall be deemed to have made an Investment on the date of any such sale or disposition equal to the fair market value of the Parent
Guarantor’s Investments in such Restricted Subsidiary that were not sold or disposed of. “Investments” shall exclude extensions of trade credit by the Parent Guarantor or any of its Restricted Subsidiaries in the ordinary course of
business. 
 “Issue Date” means April 8, 2015. 

“Issuer” means the party named as such in the preamble to this Indenture, and any and all successors thereto. 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Net Income” means, with respect to any specified Person, the net income (loss) of such Person, determined in accordance with
GAAP and before any reduction in respect of preferred stock dividends, excluding, however: 
 (1) any gain (but not loss), together with any
related provision for taxes on such gain (but not loss), realized in connection with: (a) any asset sale outside the ordinary course of business; or (b) the disposition of any securities by such Person or any of its Subsidiaries or the
extinguishment of any Indebtedness of such Person or any of its Subsidiaries; and 
 (2) any extraordinary gain (but not loss), together
with any related provision for taxes on such extraordinary gain (but not loss). 
 “Non-U.S. Person” means a Person who is
not a U.S. Person. 
 “Notes” has the meaning assigned to it in the preamble to this Indenture. With respect to each class
of Notes issued hereunder, the Initial Notes and the Additional Notes shall be treated as a single class for all purposes under this Indenture (except as specifically set forth herein), and unless the context otherwise requires, all references to
the Notes shall include the Initial Notes and any Additional Notes. 
 “Obligations” means all obligations for principal,
premium, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness. 

“Offering Memorandum” means that offering memorandum, dated as of March 26, 2015, relating to the Initial Notes. 

“Officer” means, with respect to any Person, the Chief Executive Officer, the Chief Financial Officer or Treasurer of such
Person or a responsible accounting or financial officer of such Person. With respect to the Issuer, “Officer” means any of its directors. 

  
 -8- 

 “Officer’s Certificate” means a certificate signed by an Officer;
provided that each certificate with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

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

(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate are based; 
 (3) a statement that, in the opinion of such Person, such Person has made such
examination or investigation as is necessary to enable such Person to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

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

“Opinion of Counsel” means an opinion from legal counsel reasonably satisfactory to the Trustee that meets the requirements
of Section 12.05 hereof. Such counsel may be an employee of or counsel to the Issuer, the Parent Guarantor or any Subsidiary. 

“Parent Guarantee” means the guarantee of the Notes by the Parent Guarantor. 

“Parent Guarantor” means the party names as such in the preamble to this Indenture, and any permitted successor. 

“Participant” means, with respect to any Depositary, a Person who is a participant of or has an account with such Depositary.

 “Paying Agent” means any Person authorized by the Issuer to pay the principal of (and premium, if any) or interest on
any Note on behalf of the Issuer. 
 “Person” means any individual, corporation, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization, limited liability company, government or any agency or political subdivision thereof or any other entity. 

“Public Equity Offering” means an offer and sale of Capital Stock (other than Disqualified Capital Stock) of the Parent
Guarantor pursuant to a registration statement that has been declared effective by the SEC pursuant to the U.S. Securities Act (other than a registration statement on Form S-8 or otherwise relating to equity securities issuable under any employee
benefit plan of the Parent Guarantor). 
 “Principal Property” means any manufacturing plant or manufacturing facility
owned by the Parent Guarantor or one or more of its Restricted Subsidiaries and located within the continental United States, but does not include any such plant or facility which in the opinion of the Parent Guarantor’s Board of Directors is
not of material importance to the total business of the Parent Guarantor and its Restricted Subsidiaries as an entirety. 
 “Private
Placement Legend” means the legend set forth in Section 2.06(g)(1)(A) to be placed on all Notes issued under this Indenture except where otherwise permitted by the provisions of this Indenture. 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Record Date” means, for the purpose of any redemption payment or other event or transaction in which Holders have a right to
receive any cash, securities or other property, the date fixed for determining the Holders entitled to receive such ash, securities or other property. 

“Regulation S” means Regulation S promulgated under the U.S. Securities Act. 

  
 -9- 

 “Regulation S Global Note” means a Global Note bearing the applicable Global
Note Legend and the Private Placement Legend and deposited with or on behalf of the respective Depositary (or the common depositary) therefor and registered in the name of the respective Depositary (or the common depositary) therefor or its nominee,
issued in a denomination equal to the outstanding principal amount of the Notes initially sold in reliance on Rule 903. 

“Responsible Officer” means any officer within the corporate trust and agency department of the Trustee, including any vice
president, assistant vice president, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by such officers, or to whom any corporate trust matter is referred because of
such individual’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture. 

“Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 

“Restricted Global Note” means a Global Note bearing the Private Placement Legend. 

“Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 

“Restricted Subsidiary” means (i) a Subsidiary substantially all of the property of which is located within the
continental United States of America and which itself, or with the Parent Guarantor or one or more other Restricted Subsidiaries, owns a Principal Property and (ii) the Issuer. 

“Rule 144” means Rule 144 promulgated under the U.S. Securities Act. 

“Rule 144A” means Rule 144A promulgated under the U.S. Securities Act. 

“Rule 902” means Rule 902 promulgated under the U.S. Securities Act. 

“Rule 903” means Rule 903 promulgated under the U.S. Securities Act. 

“Rule 904” means Rule 904 promulgated the U.S. Securities Act. 

“S&P” means Standard & Poor’s Ratings Service, a division of The McGraw Hill Companies, and its successors.

 “Sale and Leaseback Transaction” means any arrangement with any person providing for the leasing by the Parent Guarantor
or any Restricted Subsidiary of any properties or assets of the Parent Guarantor and/or such Restricted Subsidiary (except for leases between the Parent Guarantor and any Restricted Subsidiary, between any Restricted Subsidiary and the Parent
Guarantor or between Restricted Subsidiaries), which properties or assets have been or are to be sold or transferred by the Parent Guarantor or such Subsidiary to such person which lease shall occur within 180 days after such sale or transfer. 

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

“Significant Subsidiary” means (i) any Subsidiary that would be a “Significant Subsidiary” of the Parent
Guarantor within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC and (ii) the Issuer. 

“Subsidiary” means any Person a majority of the outstanding Voting Stock of which is owned or controlled by the Parent
Guarantor or by one or more other subsidiaries and which is consolidated in the Parent Guarantor’s accounts. 
 “Subsidiary
Guarantee” means each Guarantee by a Subsidiary Guarantor of the Issuer’s payment obligations under this Indenture and on the Notes, executed pursuant to the provisions of this Indenture. 

  
 -10- 

 “Subsidiary Guarantor” means any Subsidiary that executes a Subsidiary Guarantee
in accordance with the provisions of this Indenture and its successors and assigns until the Subsidiary Guarantee of such Person has been released in accordance with the provisions of this Indenture. 

“Tax” means any tax, duty, levy, impost, assessment or other governmental charge (including penalties, interest and any other
additions thereto and, for the avoidance of doubt, including any withholding or deduction for or on account of Tax). “Taxes” and “Taxation” shall be construed to have corresponding meanings. 

“Total Assets” means, at any date, the aggregate amount of assets as set forth on the most recent consolidated balance sheet
of the Parent Guarantor and its Subsidiaries and computed in accordance with GAAP. 
 “Trustee” means the party named as
such in the preamble to this Indenture until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 

“Unrestricted Definitive Note” means one or more Definitive Notes that do not bear and are not required to bear the Private
Placement Legend. 
 “Unrestricted Global Note” means a permanent Global Note substantially in the form of Exhibit A
attached hereto that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary,
representing a series of Notes that do not bear and are not required to bear the Private Placement Legend. 
 “U.S. Exchange
Act” means the U.S. Securities Exchange Act of 1934, as amended. 
 “U.S. Person” means a U.S. Person as defined
in Rule 902. 
 “U.S. Securities Act” means the U.S. Securities Act of 1933, as amended. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in
the election of the Board of Directors of such Person. 
 “Wholly Owned Restricted Subsidiary” of any specified Person
means a Restricted Subsidiary of such Person all of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares) will at the time be owned by such Person and/or by one or more Wholly Owned
Restricted Subsidiaries of such Person. 
  

	Section 1.02	Other Definitions. 

  

			
	 Term
	  	 Defined in

Section

	“Additional Amounts”	  	2.13
	“Authentication Order”	  	2.02
	“Authenticating Agent”	  	2.02
	“Authorized Person”	  	7.11
	“Authorized Agent”	  	12.09
	“Change of Control Offer”	  	4.09
	“Change of Control Payment”	  	4.09
	“Change of Control Payment Date”	  	4.09
	“Covenant Defeasance”	  	8.03
	“Event of Default”	  	6.01
	“Instructions”	  	7.11
	“Judgment Currency”	  	2.14
	“Legal Defeasance”	  	8.02
	“lien”	  	4.04

  
 -11- 

			
	 Term
	  	 Defined in

Section

	“Losses”	  	7.11
	“Outstanding Notes”	  	2.07
	 “Paying Agent”

“Redemption Date”
	  	 2.03

3.07

	“Registrar”	  	2.03
	“Replacement Agent”	  	12.09
	 “Successor Company”

“Successor Parent Guarantor”
	  	 5.01

5.01

	“Tax Jurisdiction”	  	2.13
	“Tax Redemption Date”	  	3.09
	“Value”	  	4.05

  

	Section 1.03	Rules of Construction. 

 Unless the context otherwise requires: 

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

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

(3) “or” is not exclusive; 

(4) “including” means including without limitation; 

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

(6) “will” shall be interpreted to express a command; 

(7) provisions apply to successive events and transactions; and 

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

	Section 1.04	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; 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. 

b) The fact and date of the execution by any Person of any such instrument or writing may be proved 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. 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. 

  
 -12- 

 c) 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. 
 d) If the Issuer shall
solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other act of a Holder, the Issuer may, at its option, by or pursuant to a board resolution, 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 of a Holder, 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 of a Holder 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 of a Holder, 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. 
 ARTICLE 2. 

THE NOTES 
  

	Section 2.01	Form and Dating. 

 a) General. The Notes and the Trustee’s certificate of
authentication will be substantially in the form of Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. The Initial Notes will initially be represented by the Global Notes. Each Note
will be dated the date of its authentication. The Notes shall be in denominations of €100,000 and integral multiples of €1,000 in excess thereof. 

The Global Notes will be deposited with, or on behalf of, the Common Depositary for the accounts of Euroclear and Clearstream and registered
in the name of the nominee of the Common Depositary. 
 The terms and provisions contained in the Notes will 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. 
 b) Global
Notes. Notes issued in global form will be substantially in the form of Exhibit A attached hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). So long as
the Notes are held in global form, the Common Depositary for Euroclear and Clearstream, or their respective nominees, as applicable, will be considered the sole Holders of Global Notes for all purposes under this Indenture. Notes issued in
definitive form will be substantially in the form of Exhibit A attached hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note will
represent such of the Outstanding Notes as will be specified therein and each shall provide that it represents the aggregate principal amount of Outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of
Outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal
amount of Outstanding Notes represented thereby will, upon instruction by the Issuer, be made by the Custodian therefor. 
 c) Euroclear
and Clearstream Procedures Applicable. The provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream
Banking” and “Customer Handbook” of Clearstream will be applicable to transfers of beneficial interests in the Notes that are held by Participants through Euroclear or Clearstream; provided, however, that the
Trustee and the Paying Agent and the Registrar (as defined in Section 2.03) shall not have any duty or obligation with respect to any such procedures. 

  
 -13- 

	Section 2.02	Execution and Authentication. 

 An Officer must sign the Notes for the Issuer by manual
or facsimile signature. 
 If the Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the
Note will nevertheless be valid. 
 The Issuer hereby appoints Société Générale Bank & Trust as the
initial authenticating agent (the “Authenticating Agent”) to authenticate the Notes. A Note will not be valid until authenticated by the manual or facsimile signature of the Authenticating Agent. The signature will be conclusive
evidence that the Note has been authenticated under this Indenture. 
 On the Issue Date, the Authenticating Agent shall, upon receipt of a
written order of the Issuer signed by an Officer (an “Authentication Order”), authenticate and deliver the Initial Notes for original issue up to €330,000,000 in aggregate principal amount of Notes and, upon delivery of any
Authentication Order at any time and from time to time thereafter, the Authenticating Agent shall authenticate Additional Notes for original issue, or Definitive Notes issued pursuant to Section 2.06 hereof, in an aggregate principal amount
specified in such Authentication Order. Such Authentication Order shall specify the aggregate principal amount of Notes to be authenticated, the series and type of Notes, the date on which the Notes are to be authenticated, and the date from which
interest on such Notes shall accrue, whether the Notes are to be issued as definitive Notes or Global Notes and whether or not the Notes shall bear any legend, or such other information as the Trustee may reasonably request. In addition, such
Authentication Order shall include (a) a statement that the Person signing the Authentication Order has (i) read and understood the provisions of this Indenture relevant to the statements in the Authentication Order and (ii) made such
examination or investigation as is necessary to enable him to make such statements and (b) a brief statement as to the nature and scope of the examination or investigation on which the statements set forth in the Authentication Order are based.

 The Authenticating Agent may appoint additional or a replacement an authenticating agent reasonably acceptable to the Issuer to
authenticate Notes. Any such appointment shall be evidenced by an instrument signed by the Issuer, a copy of which shall be furnished to the Trustee. Unless limited by the terms of such appointment, an authenticating agent may authenticate Notes
whenever the Authenticating Agent may do so. Each reference in this Indenture to authentication by the Authenticating Agent includes authentication by such agent. The Authenticating Agent has the same rights as an Agent to deal with Holders or an
Affiliate of the Issuer. 
  

	Section 2.03	Registrar and Paying Agent. 

 The Issuer will maintain offices or agencies where Notes
may be presented for registration of transfer or for exchange (each, a “Registrar”) and offices or agencies where Notes may be presented for payment (each, a “Paying Agent”). The Registrar, acting as agent of the
Issuer solely for this purpose, will keep a register reflecting ownership of Definitive Registered Notes outstanding from time to time 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 will
notify the Trustee in writing of the name and address of any Paying Agent not a party to this Indenture. If the Issuer fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee, acting as agent of the Issuer solely for
this purpose, shall act as such. The Issuer or any of its Subsidiaries, acting as agent of the Issuer solely for this purpose, may act as Paying Agent or Registrar. 

The Issuer initially appoints Euroclear and Clearstream to act as a Depositary with respect to the Global Notes. The Issuer initially appoints
Société Générale Bank & Trust to act as Paying Agent and to act as Common Depositary with respect to the Global Notes, and initially appoints Société Générale Bank & Trust to
act as the Registrar and Transfer Agent. 

  
 -14- 

 Subject to any applicable laws and regulations, the Issuer shall cause the Registrar to keep a
register (the “Register”) at its corporate trust office in which, subject to such reasonable regulations as it may prescribe, the Issuer shall provide for the registration of ownership, exchange and transfer of the Notes. Such
registration in the Register shall be conclusive evidence of the ownership of Notes. Included in the books and records for the Notes shall be notations as to whether such Notes have been paid, exchanged or transferred, cancelled, lost, stolen,
mutilated or destroyed and whether such Notes have been replaced. In the case of the replacement of any of the Notes, the Registrar shall keep a record of the Note so replaced and the Note issued in replacement thereof. In the case of the
cancellation of any of the Notes, the Registrar shall keep a record of the Note so cancelled and the date on which such Note was cancelled. Upon demand by the Issuer and for the purpose of any corporate action to be taken in respect of the Notes,
the Registrar shall (at the expense of the Issuer) send a copy of the Register reflecting ownership of Definitive Registered Notes outstanding from time to time maintained by it to the Issuer and the Issuer shall keep such copy of the Register at
its registered office. 
 The Issuer shall enter into an appropriate agency agreement with any Paying Agent or co-Registrar not a party to
this Indenture. The agreement shall implement the provisions of this Indenture that relate to such agent. The Issuer shall notify the Trustee of the name and address of any such agent. If the Issuer fails to maintain a Registrar or Paying Agent,
Société Générale Bank & Trust may appoint a suitably qualified and reputable party to act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07. 

Upon notice to the Trustee, the Issuer may change any Paying Agent, Registrar or Transfer Agent; provided, however, that in no
event may the Issuer appoint a Paying Agent in any member state of the European Union where the Paying Agent would be obliged to withhold or deduct tax in connection with any payment made by it in relation to the Notes unless the Paying Agent would
be so obliged if it were located in all other member states. For so long as the Notes are listed on the Irish Stock Exchange and admitted for trading on its Global Exchange Market and the rules of the Irish Stock Exchange so require, the Issuer will
publish a notice of any change of Paying Agent, Registrar or Transfer Agent in a daily newspaper having a general circulation in Ireland (which is expected to be The Irish Times) or, to the extent and in the manner permitted by such rules,
post such notice on the official website of the Irish Stock Exchange (www.ise.ie) and, in the case of Definitive Notes, in addition to such publication and posting, mail such notice by first-class mail to each Holder’s registered address, as it
appears on the Register, with a copy to the Trustee. 
 Payment of principal will be made upon the surrender of Definitive Notes at the
office of any Paying Agent. In the case of a transfer of a Definitive Note in part, upon surrender of the Definitive Note to be transferred, a Definitive Note shall be issued to the transferee in respect of the principal amount transferred and a
Definitive Note shall be issued to the transferor in respect of the balance of the principal amount of the transferred Definitive Note at the office of any Transfer Agent. 

The obligations of the Agents are several and not joint. 
  

	Section 2.04	Paying Agent to Hold Money. 

 The Issuer will require each Paying Agent other than the
Trustee to agree in writing that the Paying Agent will hold all money held by the Paying Agent for the payment of principal, premium, if any, or interest on the Notes, and will notify the Trustee of any default by the Issuer in making any such
payment. Money held by a Paying Agent need not be segregated, except as required by law, and in no event shall any Paying Agent be liable for interest on any money received by it hereunder. While any such default continues, the Trustee may require a
Paying Agent to pay all money held by it to the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Parent Guarantor or a
Subsidiary) will have no further liability for the money. If the Parent Guarantor or a Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any
bankruptcy or reorganization proceedings relating to the Issuer, the Trustee and Société Générale Bank & Trust will serve as Paying Agents for the Notes. 

  
 -15- 

	Section 2.05	Holder Lists. 

 The Registrar will 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. The Issuer will 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. 
 Neither
the Trustee nor any of its Agents will have any responsibility or be liable for any aspect of the records in relation to, or payments made on account of, beneficial ownership interests in the Global Notes or for maintaining, supervising or reviewing
any records relating to such beneficial ownership interests. 
  

	Section 2.06	Transfer and Exchange. 

 a) Transfer and Exchange of Global Notes. A Global Note
may not be transferred as a whole except by the applicable Depositary to a nominee of the applicable Depositary, by a nominee of the applicable Depositary to the applicable Depositary or to another nominee of the applicable Depositary, or by the
applicable Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Notes will be exchanged by the Issuer for Definitive Notes if: 

(1) the Issuer delivers to the Trustee, the Authenticating Agent and the Registrar notice (i) from Euroclear or
Clearstream that they are unwilling or unable to continue to act as depositaries and clearing agencies for the Global Notes, and the Issuer fails to appoint a successor or (ii) from the Common Depositary that it is unwilling or unable to
continue to act as Common Depositary and a successor Common Depositary is not appointed by the Issuer within 120 days after the date of such notice from the Common Depositary; 

(2) Euroclear or Clearstream so requests following an Event of Default with respect to such Global Notes; or 

(3) the owner of a Global Note requests such exchange in writing delivered through either Euroclear or Clearstream, as
applicable, following an Event of Default with respect to such Global Note. 
 Upon the occurrence of any of the events listed in the
preceding clause (1) of this Section 2.06(a), or if the Issuer, in its sole discretion, notifies the Trustee, Authenticating Agent and the Registrar in writing that it elects to cause the issuance of Definitive Notes under this Indenture,
the Issuer shall execute, and the Authenticating Agent shall, upon receipt of an Authentication Order, authenticate and deliver Definitive Notes in an aggregate principal amount equal to the principal amount of the applicable Global Notes tendered
in exchange therefor. The Issuer will, at the cost of the Issuer (but against such indemnity as the Registrar or any relevant Agent may require in respect of any tax or other duty of whatever nature which may be levied or imposed in connection with
such exchange), cause sufficient Definitive Notes to be executed and delivered to the Authenticating Agent for authentication and the Registrar for registration of the exchange and dispatch to the relevant Holders within 30 days of the relevant
event. The Registrar shall, at the cost of the Issuer, deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Definitive Notes issued in exchange for beneficial interests in Global Notes pursuant to this
Section 2.06(a) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its Participants or Indirect Participants or otherwise, shall instruct the Registrar. A Global Note may not
be exchanged for another Note other than as provided in this Section 2.06(a); provided, however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b), (c), (d) or (e)
hereof. 
 b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in
the Global Notes will be effected through the applicable Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes will be subject to restrictions on transfer
comparable to those set forth herein to the extent required by the U.S. Securities Act. Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (1) or (2) below, as applicable, as well as
one or more of the other following subparagraphs, as applicable: 
 (1) Transfer of Beneficial Interests in the Same
Global Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set
forth in the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in the Regulation S Global Note may not be made to a U.S. Person or for the account or
benefit of a U.S. Person. Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be
required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1). 

  
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 (2) All Other Transfers and Exchanges of Beneficial Interests in Global
Notes. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 2.06(b)(1) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(A) both: 

(i) a written order from a Participant or an Indirect Participant given to the applicable Depositary in accordance with the
Applicable Procedures directing the applicable Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account
to be credited with such increase; or 
 (B) both: 

(i) a written order from a Participant or an Indirect Participant given to the applicable Depositary in accordance with the
Applicable Procedures directing the applicable Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such
Definitive Note shall be registered to effect the transfer or exchange referred to in (1) above; provided that in no event shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in the Regulation S Global
Note prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903 under the U.S. Securities Act. 

Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and
the Notes or otherwise applicable under the U.S. Securities Act, the Paying Agent shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(h) hereof. 

(3) Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global
Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the
following: 
 (A) if the transferee will take delivery in the form of a beneficial interest in a 144A Global Note, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; and 

(B) if the transferee will take delivery in the form of a beneficial interest in a Regulation S Global Note, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (3) thereof. 

  
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 (4) Transfer and Exchange of Beneficial Interests in a Restricted Global Note
for Beneficial Interests in an Unrestricted Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes
delivery thereof in the form of a beneficial interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the following: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (a)(i) thereof; or 

(B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (3) thereof; 

and, in each such case, if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably
acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the U.S. Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to
maintain compliance with the U.S. Securities Act. 
 If any such transfer is effected at a time when an Unrestricted Global
Note has not yet been issued, the Issuer shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Authenticating Agent shall authenticate one or more Unrestricted Global Notes in an aggregate
principal amount equal to the aggregate principal amount of beneficial interests transferred. Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a
beneficial interest in a Restricted Global Note. 
 c) Transfer or Exchange of Beneficial Interests for Definitive Notes. If any of
the events in clause (1) or (2) of Section 2.06(a) has occurred or the Issuer has elected pursuant to Section 2.06(a) to cause the issuance of Definitive Notes, transfers or exchanges of beneficial interests in a Global Note for
a Definitive Note shall be effected, subject to the satisfaction of the conditions set forth in the applicable subclauses of this Section 2.06(c). 

(1) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes. If any holder of a beneficial
interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then,
upon receipt by the Registrar of the following documentation: 
 (A) if the holder of such beneficial interest in a
Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 

(B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect set
forth in Exhibit B hereto, including the certifications in item (1) thereof; 

  
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 (C) if such beneficial interest is being transferred to a Non-U.S. Person in an
offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the U.S.
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such beneficial interest is being transferred to the Issuer or any of its Subsidiaries, a certificate to the effect set
forth in Exhibit B hereto, including the certifications in item (4) thereof; or 
 (F) if such beneficial interest is
being transferred pursuant to an effective registration statement under the U.S. Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 

the Paying Agent shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof,
and the Issuer shall execute and, upon receipt of an Authentication Order, the Authenticating Agent shall authenticate and deliver to the Person designated in the instructions a Restricted Definitive Note in the appropriate principal amount. Any
Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of
such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Authenticating Agent shall deliver such Restricted Definitive Notes to the Persons in whose names such
Notes are so registered. Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c)(1) shall bear the Private Placement Legend and shall be subject to all
restrictions on transfer contained therein. 
 (2) [Reserved]. 

(3) Beneficial Interests in Restricted Global Notes to Unrestricted Definitive Notes. A holder of a beneficial interest
in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only upon receipt by
the Registrar of the following documentation: 
 (A) if such beneficial interest is being transferred pursuant to an
effective registration statement under the U.S. Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof; 

(B) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the U.S.
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(C) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for an
Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (b)(i) thereof; 

(D) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (3) thereof; 

and, in the case of clause (1) or (2), if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in
form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the U.S. Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required
in order to maintain compliance with the U.S. Securities Act. 

  
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 (4) Beneficial Interests in Unrestricted Global Notes to Unrestricted
Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for an Unrestricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery
thereof in the form of an Unrestricted Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b)(2) hereof, the Paying Agent will cause the aggregate principal amount of the applicable Global Note to be reduced
accordingly pursuant to Section 2.06(h) hereof, and the Issuer will execute and, upon receipt of an Authentication Order, the Authenticating Agent will authenticate and deliver to the Person designated in the instructions an Unrestricted
Definitive Note in the appropriate principal amount. Any Unrestricted Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will be registered in such name or names and in such authorized denomination
or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the applicable Depositary and the Participant or Indirect Participant. The Authenticating Agent will deliver such Unrestricted
Definitive Notes to the Persons in whose names such Notes are so registered. Any Unrestricted Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will not bear the Private Placement Legend. 

d) Transfer and Exchange of Definitive Notes for Beneficial Interests. 

(1) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted
Definitive Note proposes to exchange such Restricted Definitive Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in
a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the Holder of such
Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 

(B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect
set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such Restricted Definitive
Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; or 

(D) if such Restricted Definitive Note is being transferred to the Issuer or any of its Subsidiaries, a certificate to the
effect set forth in Exhibit B hereto, including the certifications in item (4) thereof, 
 the Registrar will cancel the Restricted Definitive Note,
increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A Global Note, and in the case of clause (C) or
(D) above, the Regulation S Global Note. 
 (2) Restricted Definitive Notes to Beneficial Interests in Unrestricted
Global Notes. A Holder of a Restricted Definitive Note may exchange such Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in
the form of a beneficial interest in an Unrestricted Global Note only if: 
 (A) such Restricted Definitive Note is being
transferred pursuant to an effective registration statement under the U.S. Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3) thereof; 

  
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 (B) such Restricted Definitive Note is being transferred pursuant to an exemption
from the registration requirements of the U.S. Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including certifications in item 3(a) thereof; or 

(C) the Registrar receives the following: 

(i) if the Holder of such Restricted Definitive Note proposes to exchange such Restricted Definitive Note for a beneficial
interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item(c)(i) thereof; or 

(ii) if the Holder of such Restricted Definitive Note proposes to transfer such Restricted Definitive Note to a Person who
shall take delivery thereof in the form of a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (3) thereof; 

and, in each such case set forth in clauses (i) and (ii) of subparagraph (C), if the Registrar so requests or if the Applicable Procedures so
require, an Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the U.S. Securities Act and that the restrictions on transfer contained herein and in the Private
Placement Legend are no longer required in order to maintain compliance with the U.S. Securities Act. Upon satisfaction of the conditions of any of the subparagraphs in this Section 2.06(d)(2), the Trustee will cancel the Definitive Note and
increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 
 (3) Unrestricted
Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note may exchange such Unrestricted Definitive Note for a beneficial interest in an Unrestricted Global Note or transfer such
Unrestricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Registrar will cancel the applicable
Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of the relevant Unrestricted Global Note. 

If any such exchange or transfer from an Unrestricted Definitive Note to a beneficial interest is effected pursuant to subparagraph
(2) or (3) above at a time when an Unrestricted Global Note has not yet been issued, the Issuer will issue and, upon receipt of an Authentication Order, the Authenticating Agent will authenticate one or more Unrestricted Global Notes in an
aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 
 e) Transfer and Exchange of Definitive
Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 2.06(e), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such
registration of transfer or exchange, the requesting Holder must present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar and duly executed by
such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder must provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section
2.06(e). 
 (1) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted Definitive Note may be
transferred to and registered in the name of a Person who takes delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A) if the transfer will be made pursuant to Rule 144A under the U.S. Securities Act, then the transferor must deliver a
certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

  
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 (B) if the transfer will be made pursuant to Rule 903 or Rule 904, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

(C) if the transfer will be made pursuant to any other exemption from the registration requirements of the U.S. Securities Act,
then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications required by item (3) thereof. 

(2) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive Note may be exchanged by the
Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if the Registrar receives the following: 

(A) if the Holder of such Restricted Definitive Note proposes to exchange such Restricted Definitive Note for an Unrestricted
Definitive Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (d)(i) thereof; or 

(B) if the Holder of such Restricted Definitive Note proposes to transfer such Restricted Definitive Note to a Person who shall
take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (3) thereof; 

and, in each such case set forth in clauses (A) and (B) above, if the Registrar so requests, an Opinion of Counsel in form reasonably
acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the U.S. Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to
maintain compliance with the U.S. Securities Act. 
 (3) Unrestricted Definitive Notes to Unrestricted Definitive
Notes. A Holder of Unrestricted Definitive Notes may transfer such Unrestricted Definitive Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the
Registrar shall register the Unrestricted Definitive Notes pursuant to the instructions from the Holder thereof. 
 f) [Reserved]. 

g) Legends. The following legends will appear on the face of all Global Notes and Definitive Notes issued under this Indenture unless
specifically stated otherwise in the applicable provisions of this Indenture. 
 (1) Private Placement Legend.

 (A) Except as permitted by subparagraph (B) below, each Global Note and each Definitive Note (and all Notes issued in
exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
 THIS SECURITY HAS NOT BEEN AND WILL
NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”) OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, 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, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT. 

THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS
DEFINED IN RULE 144A 

  
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UNDER THE U.S. SECURITIES ACT) OR (B) IT IS A NON-U.S. PERSON ACQUIRING THIS NOTE IN AN “OFFSHORE TRANSACTION” PURSUANT TO RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT,
(2) AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR FOR WHICH IT HAS PURCHASED SECURITIES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) WHICH IS [IN THE CASE
OF RULE 144A NOTES: ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF THIS SECURITY)] [IN THE CASE OF REGULATION S
NOTES: 40 DAYS AFTER THE LATER OF THE DATE WHEN THE SECURITIES WERE FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS IN RELIANCE ON REGULATION S AND THE DATE OF THE COMPLETION OF THE DISTRIBUTION] ONLY (A) TO THE ISSUER, (B) PURSUANT TO A
REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE U.S. SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE U.S. 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 THAT OCCUR OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER THE U.S. SECURITIES ACT OR (E) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
U.S. SECURITIES ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO ANY REQUIREMENT OF LAW THAT THE DISPOSITION OF ITS PROPERTY OR THE PROPERTY OF SUCH INVESTOR ACCOUNT OR ACCOUNTS BE AT ALL TIMES WITHIN ITS OR THEIR CONTROL AND IN COMPLIANCE WITH ANY
APPLICABLE STATE SECURITIES LAWS AND ANY APPLICABLE LOCAL LAWS AND REGULATIONS AND FURTHER SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHTS PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER (I) PURSUANT TO CLAUSE (E) TO REQUIRE THE
DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM AND (II) IN EACH OF THE FOREGOING CASES, TO REQUIRE THAT A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS SECURITY IS
COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. 

(B) Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraph (b)(4), (c)(3), (d)(2),
(d)(3), (e)(2) or (e)(3) of this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) will not bear the Private Placement Legend. 

(2) Global Note Legend. Each Global Note will bear a legend in substantially the following form: 

THIS GLOBAL NOTE IS HELD BY THE COMMON DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT
OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE REGISTRAR MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE
MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE REGISTRAR FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE
TRANSFERRED TO A SUCCESSOR COMMON DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUER. 

  
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 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY
NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE COMMON DEPOSITARY TO A NOMINEE OF THE COMMON DEPOSITARY OR BY A NOMINEE OF THE COMMON DEPOSITARY TO THE COMMON DEPOSITARY OR ANOTHER NOMINEE OF THE COMMON DEPOSITARY OR BY THE COMMON DEPOSITARY OR ANY SUCH
NOMINEE TO A SUCCESSOR COMMON DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR COMMON DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE COMMON DEPOSITARY (WHICH SHALL INITIALLY BE SOCIÉTÉ
GÉNÉRALE) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE COMMON DEPOSITARY OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE COMMON DEPOSITARY (AND ANY PAYMENT IS MADE TO THE COMMON DEPOSITARY OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE COMMON DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE COMMON DEPOSITARY, HAS AN INTEREST HEREIN. 

(3) Original Issue Discount Legend. Any Note issued with more than de minimus original issue discount for U.S. Federal
Income Tax purposes authenticated and delivered hereunder shall bear a legend in substantially the following form: 
 THIS NOTE IS ISSUED
WITH ORIGINAL ISSUE DISCOUNT FOR PURPOSES OF SECTION 1271 ET SEQ. OF THE INTERNAL REVENUE CODE. A HOLDER MAY OBTAIN THE ISSUE PRICE, AMOUNT OF ORIGINAL ISSUE DISCOUNT, ISSUE DATE AND YIELD TO MATURITY FOR SUCH NOTE BY SUBMITTING A REQUEST FOR SUCH
INFORMATION TO THE ISSUER AT THE FOLLOWING ADDRESS: C/O ESTERLINE TECHNOLOGIES CORPORATION, 500 108TH AVENUE NE, SUITE 1500, BELLEVUE, WASHINGTON 98004, ATTENTION: CHIEF FINANCIAL OFFICER. 

h) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been
exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the Registrar in accordance with Section 2.11
hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive
Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Registrar or by the Depositary at the direction of the Registrar to reflect such reduction;
and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an endorsement will
be made on such Global Note by the Registrar or by the Depositary at the direction of the Registrar to reflect such increase. 
 i)
General Provisions Relating to Transfers and Exchanges. 
 (1) To permit registrations of transfers and
exchanges, the Issuer will execute and the Authenticating Agent will authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order or at the Registrar’s request. 

(2) No service charge will be made to a Holder of a Global Note or to a Holder of a Definitive Note for any registration of
transfer or exchange, but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon
exchange or transfer pursuant to Sections 2.10, 3.06, 4.09 and 9.05 hereof). 

  
 -24- 

 (3) The Registrar will not be required to register the transfer of or exchange
any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

(4) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive
Notes will 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 Definitive Notes surrendered upon such registration of transfer or exchange. 

(5) None of the Trustee or the Registrar or the Issuer will be required: 

(A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business 15 days
before the day of any selection of Notes for redemption under Section 3.02 hereof and ending at the close of business on the day of selection; 

(B) to register the transfer of or to exchange any Note 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. 
 (6) 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. 
 (7) The
Authenticating Agent will authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.02 hereof. 

(8) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this
Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile. 
 (9) Each Holder agrees
to indemnify the Issuer, the Parent Guarantor, the Trustee, the Registrar and each Agent 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. Neither the Registrar nor the Trustee 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 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. 

(10) The Trustee or any Agent may request from the Issuer an Officer’s Certificate and/or Opinion of Counsel before taking
any action or refraining from acting pursuant to this Section 2.06. 
  

	Section 2.07	Outstanding Notes. 

 The Notes outstanding at any time are all the Notes
authenticated by the Authenticating Agent except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Paying Agent or Registrar in accordance with the provisions hereof,
and those described in this Section 2.08 as not outstanding (the “Outstanding Notes”). Except as set forth in Section 2.09 hereof, a Note does not 

  
 -25- 

 
cease to be outstanding because the Issuer or an Affiliate of the Issuer holds the Note; provided, however, that Notes held by the Issuer or a Subsidiary of the Issuer shall not be
deemed to be outstanding for the purpose of Section 3.07 hereof. 
 If a Note is replaced pursuant to Section 2.07 hereof, it
ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser in whose hands such Note is a legal, valid and binding obligation of the Issuer. 

If the principal amount and premium, if any, of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and
interest on it ceases to accrue. 
 If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a
redemption date or maturity date, money sufficient to pay all principal, premium, if any, and interest on the Notes payable on that date and the Paying Agent is not prohibited from paying such money to the Holders on that date pursuant to the terms
of this Indenture, then on and after that date such Notes will be deemed to be no longer outstanding and will cease to accrue interest. 
  

	Section 2.08	Replacement Notes. 

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

 If, after the delivery of such replacement Note, a bona fide purchaser of the original Note in lieu of which such replacement Note was
issued presents for payment or registration such original Note, the Trustee shall be entitled to recover such replacement Note from the Person to whom it was delivered or any Person taking therefrom, except a bona fide purchaser, and shall be
entitled to recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Issuer, the Trustee, any Agent and any authenticating agent in connection therewith. 

Subject to the provisions of the final sentence of the preceding paragraph of this Section 2.07, every replacement Note is an additional
obligation of the Issuer and will be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 

For purposes of determining whether the Holders of the requisite principal amount of Notes have taken any action as herein described, the
principal amount of Notes shall be deemed to be the euro equivalent of such principal amount of the Notes as of (i) if a Record Date has been set with respect to the taking of such action, such date or (ii) if no such Record Date has been
set, the date the taking of such action by the Holders of such requisite principal amount is certified to the Paying Agent and Trustee by the Issuer. 

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 an Agent duly appointed in writing or may be embodied in or evidenced by an electronic transmission which
identifies the documents containing the proposal on which such consent is requested and certifies such Holders’ consent thereto and agreement to be bound thereby; 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. 

  
 -26- 

	Section 2.09	Treasury Notes. 

 In determining whether the Holders of the required principal amount of
Notes have concurred in any direction, waiver or consent, Notes owned by the Issuer, or by any Affiliate of the Issuer, will be considered as though not outstanding, except that for the purposes of determining whether the Trustee will be protected
in relying on any such direction, waiver or consent, only Notes shown on the register maintained by the Registrar as being owned by the Issuer, or by an Affiliate of the Issuer shall be so disregarded. 

 

	Section 2.10	Temporary Notes. 

 Until certificates representing Notes are ready for delivery, the
Issuer may prepare and the Authenticating Agent, upon receipt of an Authentication Order, will authenticate temporary Notes. Temporary Notes will be substantially in the form of certificated Notes but may have variations that the Issuer considers
appropriate for temporary Notes and as may be reasonably acceptable to the Authenticating Agent. Without unreasonable delay, the Issuer will prepare and the Authenticating Agent will authenticate Definitive Notes in exchange for temporary Notes.

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

 

	Section 2.11	Cancellation. 

 The Issuer at any time may deliver Notes to the Registrar for
cancellation. The Registrar and Paying Agent will forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Registrar and no one else will cancel all Notes surrendered for registration of transfer,
exchange, payment, replacement or cancellation and will dispose of such canceled Notes (subject to the record retention requirement of the U.S. Exchange Act) in its customary manner unless the Issuer directs the Trustee to deliver cancelled Notes to
the Issuer. The Issuer may not issue new Notes to replace Notes that it has paid or that have been delivered to the Registrar for cancellation. 
  

	Section 2.12	Defaulted Interest. 

 If the Issuer defaults in a payment of interest on the Notes, it
will 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, in each case at the rate provided in the Notes and in
Section 4.01 hereof. The Issuer will notify the Trustee and Paying Agent in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment and at the same time the Issuer may deposit with the
Paying Agent an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest; or shall make arrangements satisfactory to the Paying Agent for such deposit prior to the date of the proposed payment, such
money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. The Issuer will fix or cause to be fixed each such special Record Date and payment date, provided that no
such special Record Date may be less than 10 days prior to the related payment date for such defaulted interest. At least 15 days before the special Record Date, the Issuer (or, upon the written request of the Issuer, the Common Depositary in the
name and at the expense of the Issuer) will deliver or cause to be delivered to Holders and the Trustee a notice that states the special Record Date, the related payment date and the amount of such interest to be paid. 

Subject to the foregoing provisions of this Section 2.12 and for greater certainty, each Note delivered under this Indenture upon
registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

 

	Section 2.13	Additional Amounts. 

 a) All payments made by the Issuer or any Paying Agent under or
with respect to the Notes or by any of the Guarantors or Paying Agent with respect to any Guarantee of the Notes will be made free and clear of and without withholding (including, without limitation, because the Notes are not listed on the Irish
Stock Exchange) or deduction for, or on account of, any present or future Taxes unless such withholding or deduction is required by law. If any deduction or withholding levied by or on behalf of: 

(1) any jurisdiction in which the Issuer or any Guarantor is then incorporated or organized, engaged in business for tax
purposes or resident for tax purposes or any political subdivision thereof or therein or 
 (2) any jurisdiction from or
through which payment is made by or on behalf of the Issuer or any Guarantor (including the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each, a “Tax Jurisdiction”) 

  
 -27- 

 will at any time be required by law to be made from any payments made by the Issuer under or with respect to the
Notes or by any of the Guarantors with respect to any Guarantee of the Notes, including payments of principal, redemption price, interest or premium, the Issuer or the relevant Guarantor, as applicable, will pay such additional amounts (the
“Additional Amounts”) as may be necessary in order that the net amounts received in respect of such payments by each Holder after such withholding or deduction (including any such withholding or deduction from such Additional
Amounts) will equal the respective amounts that would have been received in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts will be payable with respect to: 

(1) any Taxes, to the extent such Taxes would not have been imposed but for the existence of any present or former connection
between the relevant Holder or Beneficial Owner of the Notes and the relevant Tax Jurisdiction (including being a resident or citizen of such jurisdiction or having a domicile or a permanent establishment in such jurisdiction to which the payments
can be attributed for Tax purposes), other than any connection arising solely from the acquisition, holding or disposition of such Note, the enforcement of rights under such Note or under a Guarantee of the Notes or the receipt of any payments in
respect of such Note or a Guarantee of the Notes; 
 (2) any Taxes, to the extent such Taxes were imposed as a result of the
presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the Holder (except to the extent that the Holder would have been entitled to Additional Amounts
had the Note been presented on the last day of such 30-day period); 
 (3) any estate, inheritance, gift, sales, transfer or
similar Taxes; 
 (4) any Taxes withheld, deducted or imposed on a payment to an individual that are required to be made
pursuant to the EU Directive; 
 (5) Taxes imposed on or with respect to a payment made to a Holder or Beneficial Owner of
Notes who would have been able to avoid such withholding or deduction by presenting the relevant note to another Paying Agent in a member state of the European Union; 

(6) any Taxes payable other than by deduction or withholding from payments to a Holder or Beneficial Owner under, or with
respect to, the Notes or with respect to any Guarantee of the Notes; 
 (7) any Taxes that are imposed or withheld by reason
of the failure by the Holder or the Beneficial Owner of the Note to comply with a written request of the Payor addressed to the Holder, after reasonable notice, to provide certification, information, documents or other evidence concerning the
nationality, residence or identity of the Holder or such Beneficial Owners or to make any declaration or similar claim or satisfy any other reporting requirement relating to such matters, required by a statute, regulation, treaty or administrative
practice of the relevant Tax Jurisdiction as a precondition to exemption from all or part of such Tax; provided in each case the holder or beneficial owner is legally eligible to do so; 

(8) any Taxes that are withheld or deducted pursuant to Sections 1471 through 1474 of the Code, as of the Issue Date (or any
amended or successor version of such Sections that is substantively 

  
 -28- 

 
comparable and not materially more onerous to comply with), any U.S. Treasury Regulations or other official guidance promulgated thereunder, any intergovernmental agreement entered into in
connection therewith, any agreements entered into pursuant to Section 1471(b)(1) of the Code (or any amended successor version described above) or any intergovernmental agreements (or related laws or regulations) implementing the foregoing; or

 (9) any combination of items (1) through (8) above. 

b) The Issuer and the Guarantors will also pay and indemnify the Holder for any present or future stamp, issue, registration, court or
documentary Taxes, or any other excise or property Taxes, that are levied by any Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Guarantee of the Notes or any other document referred to
therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Guarantee of the Notes (limited, in the case of taxes attributable to payments with respect thereto, to any such taxes imposed in a Tax
Jurisdiction that are not excluded under clauses (1) through (5), (7) or (9) above). 
 c) If the Issuer or any Guarantor, as
the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Guarantee of the Notes, each of the Issuer or the relevant Guarantor, as the case may be, will
deliver to the Paying Agent and the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises less than 45 day prior to that payment date, in which case the Issuer or the
relevant Guarantor shall deliver to the Trustee promptly after the obligation to pay so arises) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s
Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Trustee shall be entitled to rely solely on such Officer’s Certificate
as conclusive proof that such payments are necessary. 
 d) The Issuer or the relevant Guarantor will make all withholdings and deductions
required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will use its reasonable efforts to obtain Tax receipts from each Tax authority
evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor will furnish to the Paying Agent and the Trustee (or to a holder upon written request), within a reasonable time after the date the payment of any
Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not available, other
evidence of payments (reasonably satisfactory each of to the Paying Agent and the Trustee) by such entity. 
 e) Notwithstanding anything
contrary herein, references in this Indenture to the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Guarantee of the Notes,
such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. 

f) The foregoing obligations of this Section 2.13 will survive any termination, defeasance or discharge of this Indenture, any transfer
by a Holder or Beneficial Owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer or any Guarantor is incorporated, engaged in business for tax purposes or resident for tax
purposes or any jurisdiction from or through which such Person makes any payment on the Notes (or any Guarantee of the Notes) and any department or political subdivision thereof or therein. 

 

	Section 2.14	Currency Indemnity 

 Any payment on account of an amount that is payable in euros which
is made to or for the account of any Holder, the Trustee or the Paying Agent in lawful currency of any other jurisdiction (the “Judgment Currency”), whether as a result of any judgment or order or the enforcement thereof or the
liquidation of the Issuer, the Parent Guarantor or any Subsidiary Guarantor, if any, shall constitute a discharge of the Issuer’s, the Parent Guarantor’s 

  
 -29- 

 or such Subsidiary Guarantor’s obligation under this Indenture and the Notes, the Guarantee, as the case may
be, only to the extent of the amount of euros which such Holder or the Trustee, as the case may be, could purchase in the London foreign exchange markets with the amount of the Judgment Currency in accordance with normal banking procedures at the
rate of exchange prevailing on the first Business Day following receipt of the payment in the Judgment Currency. If the amount of euros that could be so purchased is less than the amount of euros originally due to such Holder or the Trustee, as the
case may be, the Issuer, the Parent Guarantor and the Subsidiary Guarantors, if any, shall indemnify and hold harmless the Holder or the Trustee, as the case may be, from and against all loss or damage arising out of, or as a result of, such
deficiency. This indemnity shall constitute an obligation separate and independent from the other obligations contained in this Indenture or the Notes, shall give rise to a separate and independent cause of action, shall apply irrespective of any
indulgence granted by any Holder or the Trustee from time to time and shall continue in full force and effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due hereunder or under any judgment or order. 

ARTICLE 3. 
 REDEMPTION AND
PREPAYMENT 
  

	Section 3.01	Notices to Trustee. 

 If the Issuer elects to redeem Notes pursuant to the optional
redemption provisions of Section 3.07 hereof, it shall furnish to the Trustee and the Common Depositary, at least 45 days but not more than 60 days before the redemption date, an Officers’ Certificate setting forth the clause of this
Indenture pursuant to which the redemption shall occur, the redemption date, the principal amount of Notes to be redeemed and the redemption price. 
  

	Section 3.02	Selection of Notes to Be Redeemed or Purchased. 

 If less than all of the Notes are to be
redeemed or purchased in an offer to purchase at any time, the Trustee (or the Registrar, as appropriate) will select Notes for redemption or purchase as follows: 

(1) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national
securities exchange on which the Notes are listed and/or in compliance with the requirements of Euroclear or Clearstream, as applicable; or 

(2) if the Notes are not listed on any national securities exchange, on a pro rata basis, by lot or by such method as
the Trustee (or the Registrar, as appropriate) shall deem fair and appropriate, subject to the Applicable Procedures. 
 Neither the Trustee
nor the Registrar shall be liable for any selections made by it in accordance with this Indenture. 
 In the event of partial redemption or
purchase by lot, the particular Notes to be redeemed or purchased will be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption or purchase date by the Trustee from the Outstanding Notes not
previously called for redemption or purchase. 
 The Trustee (or the Registrar, as appropriate) will promptly notify the Issuer in writing
of the Notes selected for redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected will be in amounts of
€100,000 or whole multiples of €1,000 in excess thereof; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder, even if not €100,000 or an integral
multiple of €1,000 in excess thereof, shall be redeemed or purchased. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption or purchase also apply to portions of Notes called for
redemption or purchase. 

  
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	Section 3.03	Notice of Redemption. 

 At least 30 days but not more than 60 days before a redemption
date, the Issuer will send or cause to be sent, by first-class mail (or electronic transmission), a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more than
60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Article 8 or 11 of this Indenture. 

The notice will identify the Notes to be redeemed and will state (including ISIN and Common Code numbers, to the extent applicable): 

(1) the redemption date and Record Date; 

(2) the redemption price; 

(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 will be issued upon cancellation of the original Note; 

(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 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 ISIN or Common Code numbers, if any, listed in such notice or printed on the Notes; and 
 (9) state if the redemption
is a conditional redemption and the timeframe of such condition should be satisfied prior to the redemption date. 
 At the Issuer’s
request, the Trustee (or the Registrar, as appropriate) will give the notice of redemption in the Issuer’s name and at its expense; provided, however, that the Issuer has delivered to the Trustee (or the Registrar, as
appropriate), at least 45 days prior to the redemption date, or such shorter period of time as may be acceptable to the Trustee in its sole discretion, an Officer’s Certificate requesting that the Trustee give such notice and setting forth the
information to be stated in such notice as provided in the preceding paragraph. 
 For Notes that are in the form of Global Notes held on
behalf of Euroclear or Clearstream, notices may be given by delivery of the relevant notices to Euroclear or Clearstream for communication to entitled account holders in substitution for the aforesaid mailing in this Section 3.03. So long as
any Notes are listed on the Irish Stock Exchange and the rules of the Irish Stock Exchange so require, any such notice to the Holders of the relevant Notes shall also be published (by the Issuer) in a newspaper having a general circulation in
Ireland (which is expected to be The Irish Times) or, to the extent and in the manner permitted by such rules, posted on the official website of the Irish Stock Exchange (www.ise.ie) and, in connection with any redemption, the Issuer will
notify the Irish Stock Exchange of the principal amount of the Notes that have not been redeemed in connection with any redemption of the Notes pursuant to Section 3.07. 

  
 -31- 

	Section 3.04	Effect of Notice of Redemption. 

 Once notice of redemption is sent in accordance with
Section 3.03, Notes called for redemption become due and payable on the redemption date at the redemption price. Upon surrender to the Paying Agent, such Notes shall be paid at the redemption price, plus accrued interest to the redemption date.

  

	Section 3.05	Deposit of Redemption or Purchase Price. 

 On or prior to 10:00 a.m., Luxembourg time,
one Business Day prior to each redemption or purchase date, the Issuer will deposit with the Paying Agent money in same day funds sufficient to pay the redemption or purchase price of and accrued interest on all Notes to be redeemed or purchased on
that date other than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Paying Agent will promptly return to the Issuer any money deposited with the Paying Agent by the Issuer
in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest on all Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed
in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Notes or the portions of Notes called for redemption or purchase unless the relevant
Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. The Issuer shall procure that, before 10:00 a.m. Luxembourg Time on the third Business Day before each redemption or purchase date, as the case
may be, the bank effecting payment to the Paying Agent confirms by authenticated SWIFT message to the Paying Agent the irrevocable payment instructions relating to such payment. If a Note is redeemed or purchased 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 redemption because of the failure of the Issuer to comply with the preceding
paragraph, interest will continue to be payable on the unpaid principal and premium, if any, including from the redemption date until such principal and premium, if any, 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 4.01 hereof. 
  

	Section 3.06	Notes Redeemed in Part. 

 Upon surrender of a Note that is to be redeemed in part, the
Issuer shall issue and the Authenticating Agent shall authenticate for the Holder, at the expense of the Issuer, a new Note equal in aggregate amount to the unredeemed portion of the Note surrendered. 

 

	Section 3.07	Optional Redemption. 

 (a) At any time prior to April 15, 2018, the Issuer may
redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to the registered address of each Holder of Notes or otherwise delivered in accordance with the procedures of Euroclear
and/or Clearstream, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest and additional interest, if any, to the date of redemption (the
“Redemption Date”), subject to the rights of the holders of record on the relevant record date to receive interest due on the relevant interest payment date. 

(b) On or after April 15, 2018, the Issuer may redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’
notice, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest and additional interest, if any, thereon, to the applicable redemption date, if redeemed during the twelve-month
period beginning on April 15 of the years indicated below: 
  

					
	 Year
	  	Redemption Price	 
	 2018
	  	 	102.719	% 
	 2019
	  	 	101.813	% 
	 2020
	  	 	100.906	% 
	 2021 and thereafter
	  	 	100.000	% 

  
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 (c) Notwithstanding the foregoing, at any time prior to April 15, 2018, the Issuer may
redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture, at a redemption price of 103.625% of the principal amount thereof, plus accrued and unpaid interest and additional interest, if any, to the redemption
date, with the net cash proceeds of one or more Public Equity Offerings; provided that: 
 (1) at least 65% of the
aggregate principal amount of Notes originally issued under the Indenture remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Parent Guarantor and of its Subsidiaries); and 

(2) the redemption must occur within 60 days of the date of the closing of such Public Equity Offering. 

 

	Section 3.08	[Reserved]. 

  

	Section 3.09	Redemption for Changes in Taxes. 

 The Issuer may redeem the Notes, in whole but not in
part, at its discretion at any time upon giving not less than 30 nor more than 60 days’ prior notice to the Holders (which notice will be irrevocable and given in accordance with the procedures described in Section 3.03), at a
redemption price equal to 100% of the aggregate principal amount thereof, together with accrued and unpaid interest, if any, to the date fixed by the Issuer for redemption (a “Tax Redemption Date”) and all Additional Amounts
(if any) then due and which will become due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders on the relevant Record Date to receive interest due on the relevant interest payment date and
Additional Amounts (if any) in respect thereof), if on the next date on which any amount would be payable in respect of the Notes, the Issuer is or would be required to pay Additional Amounts, and the Issuer cannot avoid any such payment obligation
by taking reasonable measures available, and the requirement arises as a result of: 
 (1) any amendment to, or change in,
the laws (or any regulations or rulings promulgated thereunder) of a relevant Tax Jurisdiction which change or amendment is announced and becomes effective on or after the Issue Date (or, if the applicable Tax Jurisdiction became a Tax Jurisdiction
on a date after the Issue Date, such later date); or 
 (2) any amendment to, or change in, an official written
interpretation or application of such laws, regulations or rulings (including by virtue of a holding, judgment or order by a court of competent jurisdiction) which amendment or change is announced and becomes effective on or after the Issue Date
(or, if the applicable Tax Jurisdiction became a Tax Jurisdiction on a date after the Issue Date, such later date). 
 The Issuer will not
give any such notice of redemption earlier than 60 days prior to the earliest date on which the Issuer would be obligated to make such payment or withholding if a payment in respect of the notes were then due, and the obligation to pay
Additional Amounts must be in effect at the time such notice is given. Prior to the publication or, where relevant, mailing or sending of any notice of redemption of the Notes pursuant to the foregoing, the Issuer will deliver to the Trustee an
opinion of independent tax counsel of recognized expertise in the laws of the relevant jurisdiction to the effect that there has been such amendment or change which would entitle the Issuer to redeem the notes hereunder. In addition, before the
Issuer publishes or mails or sends notice of redemption of the Notes as described above, it will deliver to the Trustee an Officer’s Certificate to the effect that it cannot avoid its obligation to pay Additional Amounts by the Issuer taking
reasonable measures available to it. 
 Such Officer’s Certificate will also set forth a statement of facts showing that the
conditions precedent to the right of the Issuer to so redeem the Notes have been fulfilled. 

  
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 The Trustee will accept and shall be entitled to conclusively rely on such Officer’s
Certificate and opinion as sufficient evidence of the existence and satisfaction of the conditions precedent as described above, in which event it will be conclusive and binding on the Holders. 

For the avoidance of doubt, the Notes will not be redeemable under this provision because the Notes have not been listed or fail to remain
listed on the Irish Stock Exchange, unless such failure is caused by a change in law under clause (1) or (2) of this Section 3.09 that otherwise could serve as a basis for redemption of the Notes hereunder. 

ARTICLE 4. 
 COVENANTS 

 

	Section 4.01	Payment of Notes. 

 The Issuer shall pay or cause to be paid the principal of,
premium, if any, and interest and Additional Amounts, if any, on the Notes on the dates and in the manner provided in the Notes. Principal, premium, if any, and interest and Additional Amounts, if any, will be considered paid on the date due if the
Paying Agent (if other than the Issuer or a Subsidiary thereof) holds, as of 10:00 a.m. Luxembourg Time one Business Day prior to such due date (or such other time as the Issuer and the Paying Agent may mutually agree from time to time, but always
subject to actual receipt), money deposited by the Issuer in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest and Additional Amounts, if any, then due and is not prohibited from paying
such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer will promptly notify the Trustee and the applicable Paying Agent of its failure to so deposit. Subject to actual receipt of such funds as provided by this
Section 4.01 by the designated Paying Agent, such Paying Agent shall make payments on the Notes in accordance with this Indenture. In any event, the Issuer shall, prior to 10:00 a.m. Luxembourg time on the second Business Day prior to the date
on which the Paying Agent receives payment, procure that the bank effecting payment for it confirms by SWIFT message to the Paying Agent that an irrevocable payment instruction has been given. A Paying Agent shall (or the Trustee, if applicable)
only be obliged to make a payment under this Indenture if it has actually received cleared, immediately available funds from the Issuer as required under this Section 4.01. 

The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the then
applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest and Additional Interest (without regard to any
applicable grace period) at the same rate to the extent lawful. 
 If a Paying Agent pays out funds on or after the due date therefor, or
pays out funds (although it is not obligated) on the assumption that the corresponding payment by the Issuer has been or will be made and such payment has in fact not been so made by the Issuer, then the Issuer shall on demand reimburse the Paying
Agent for the relevant amount, and pay interest to the Paying Agent on such amount from the date on which it is paid out to the date of reimbursement at a rate per annum equal to the cost to the Paying Agent of funding the amount paid out, as
certified by the Paying Agent and expressed as a rate per annum. 
  

	Section 4.02	Maintenance of Office or Agency. 

 The Issuer shall maintain an office or agency (which
may be an office of the Trustee or an Affiliate of the Trustee, Registrar or co-registrar) for the Notes in London, England, and for so long as the Notes are listed on the Irish Stock Exchange, in Ireland, where (1) Notes may be surrendered for
registration of transfer or for exchange and (2) notices and demands to or upon the Issuer in respect of the Notes and this Indenture may be served. The Issuer will give prompt written notice to the Trustee of the location, and any change in
the location, of such office or agency. 
 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; 

  
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provided, however, that no such designation or rescission will in any manner relieve the Issuer of its obligation to maintain an office or agency in London, England, and for
so long as any Notes are listed on the Irish Stock Exchange, in Ireland, for such purposes. The Issuer will 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 Office of the Paying Agent as one such office or agency of the Issuer in accordance with
Section 2.03 hereof. 
  

	Section 4.03	SEC Reports. 

 (1) Whether or not required by the SEC, so long as any
Notes are outstanding, the Parent Guarantor shall furnish to the Trustee for forwarding to the Holders of Notes, or file electronically with the SEC through the SEC’s Electronic Data Gathering, Analysis and Retrieval System (or any successor
system), within the time periods specified in the SEC’s rules and regulations: 
 (A) all quarterly and annual financial
information that would be required to be contained in a filing with the SEC on Forms 10-Q and 10-K if the Parent Guarantor were required to file such Forms, including a “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” and, with respect to the annual information only, a report on the annual financial statements by the Parent Guarantor’s certified independent accountants; and 

(B) all current reports that would be required to be filed with the SEC on Form 8-K if the Parent Guarantor were required to
file such reports. 
 In addition, whether or not required by the SEC, the Parent Guarantor shall file a copy of all of the information and
reports referred to in clauses (A) and (B) above with the SEC for public availability within the time periods specified in the SEC’s rules and regulations (unless the SEC will not accept such a filing) and make such information
available to Holders, securities analysts and prospective investors upon request. In addition, the Issuer and the Guarantors have agreed that, for so long as any Notes remain outstanding, they shall furnish to the Holders and to prospective
investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the U.S. Securities Act. 
 The
Parent Guarantor will also make available copies of all reports required by the second preceding paragraph if and so long as the Notes are listed on the Irish Stock Exchange and the rules of the Irish Stock Exchange so require, at the specified
office of the Paying Agent in London or, to the extent and in the manner permitted by such rules, post such reports on the official website of the Irish Stock Exchange. 

(2) The financial information and reports required by this covenant need not include any separate financial statements of a
parent guarantor, subsidiary guarantors or information required by Rule 3-10 or 3-16 of Regulation S-X (or any successor regulation) so long as such financial information and reports are accompanied by consolidating information that explains in
reasonable detail the differences between the information relating to the Issuer and the Guarantors, on one hand, and the information relating to non-Guarantors on the other hand. The requirements set forth in this Section 4.03 may be satisfied
by posting copies of such information on a website (which may be nonpublic and may be maintained by the Parent Guarantor or a third party) to which access is given to the Holders, prospective purchasers of the Notes and securities analysts. 

(3) Delivery of such reports, information, and documents to the Trustee pursuant to the provisions of this Section 4.03 is
for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Parent Guarantor’s or
Issuer’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, the
Parent Guarantor’s or the Issuer’s compliance the covenants or with respect to any reports or other documents filed with the SEC or EDGAR or any website under this Indenture, or participate in any conference calls. 

(4) Notwithstanding anything herein to the contrary, the Parent Guarantor will not be deemed to have failed to comply with any
of its obligations under this covenant for purposes of Section 6.01(a)(4) until 90 days after the date any report hereunder is due. 

  
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	Section 4.04	Limitation on Liens. 

 The Parent Guarantor will not, nor will it permit any Restricted
Subsidiary to, create or assume any mortgage, security interest, pledge or lien, collectively in this Article 4 referred to as, a “lien,” upon any Principal Property or upon the shares of stock or Indebtedness of any Restricted
Subsidiary, to secure any other Indebtedness, without equally and ratably securing the Notes for so long as such other Indebtedness is secured. However, this Section 4.04 does not apply to: 

(1) liens in favor of the Issuer or any Guarantor; 

(2) liens (including liens in respect of Capitalized Lease Obligations) on any Principal Property existing at the time of its
acquisition and liens created contemporaneously with or within 360 days after (or created pursuant to firm commitment financing arrangements obtained within that period) the completion of the acquisition, improvement, alteration or construction of
such property to secure payment of the purchase price of such property and/or the cost of such improvement, alteration or construction; 

(3) liens on property or assets or shares of Capital Stock or Indebtedness of a Person, existing at the time it is merged,
combined or amalgamated into or consolidated with or its assets or its equity interest is acquired by the Parent Guarantor or a Restricted Subsidiary; 

(4) liens on property or assets or shares of Capital Stock or Indebtedness of a Person existing at the time it becomes a
Restricted Subsidiary; 
 (5) liens securing debts of a Restricted Subsidiary (other than the Issuer) to the Parent Guarantor
and/or one or more of its Subsidiaries; 
 (6) liens in favor of or required by a governmental unit in any relevant
jurisdiction, including any departments or instrumentality thereof, to secure payments under any contract or statute, or to secure debts incurred in financing the acquisition or construction of or improvements or alterations to property subject
thereto; 
 (7) liens securing Indebtedness and other Obligations under the Credit Agreement in an aggregate amount not to
exceed the greater of (a) $1,500 million and (b) 3.5x Consolidated Cash Flow and Hedging Obligations related thereto; 

(8) liens in favor of any customer arising in respect of and not exceeding the amount of performance deposits and partial,
progress, advance or other payments by that customer for goods produced or services rendered to that customer in the ordinary course of business and consignment arrangements (whether as consignor or as consignee) or similar arrangements for the sale
or purchase of goods in the ordinary course of business; 
 (9) any lien existing on the date of this Indenture; 

(10) mechanics’, workmen’s and other liens arising by operation of law; 

(11) liens arising out of litigation or judgments being contested or a final judgment or order that does not give rise to an
Event of Default; 
 (12) liens for taxes not yet due, or being contested, assessments or other governmental charges or
levies, landlords’ liens, tenants’ rights under leases, easements, and similar liens not materially impairing the use or value of the property involved; 

  
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 (13) liens if an amount of cash equal to the net proceeds of the Indebtedness
secured by such lien is used within 18 months of such creation or assumption acquire additional property or assets (or to make Investments in Persons who, after giving effect to such Investments, will become Restricted Subsidiaries); 

(14) liens to secure Indebtedness of joint ventures in which the Parent Guarantor or a Restricted Subsidiary has an interest,
to the extent such liens are on property or assets of or equity interests in such joint ventures; 
 (15) liens created or
assumed in the ordinary course of business, including pledges and deposits, in connection with self-insurance arrangements, workmen’s compensation, unemployment insurance, social security or similar law
or other forms of governmental insurance or benefits, or to secure performance of bids, tenders, trade or government contracts (other than for Indebtedness), statutory or regulatory obligations, leases and contracts (other than for Indebtedness)
entered into in the ordinary course of business or to secure obligations on surety, indemnity or appeal bonds or performance bonds or other obligations of a like nature or in connection with customs, duties or the importation of goods; 

(16) leases or subleases granted to others and any interest or title of a lessor under any lease not prohibited by this
Indenture and licenses of patents, trademarks or other intellectual property rights granted in the ordinary course; 
 (17)
liens in respect of cash in connection with the operation of cash management programs and liens associated with the discounting or sale of letters of credit and customary rights of set off, banker’s lien, revocation, refund or chargeback or
similar rights under deposit disbursement, concentration account agreements or under the Uniform Commercial Code or arising by operation of law; 

(18) utility easements, building restrictions and such other encumbrances or charges against real property as are of a nature
generally existing with respect to properties of a similar character, and easements, rights-of-way, encroachments, municipal and zoning ordinances and similar charges, encumbrances, title defects or other irregularities that do not materially
interfere with the ordinary course of business of the Parent Guarantor or of any of its Restricted Subsidiaries; 
 (19)
liens securing reimbursement obligations with respect to letters of credit, bank guarantees and similar instruments issued in the ordinary course of business of the Parent Guarantor and its Subsidiaries that encumber documents and other property
relating to such letters of credit and the products and proceeds thereof and (ii) liens on cash and cash equivalents securing reimbursement obligations with respect to letters of credit, bank guarantees and similar instruments issued in the
ordinary course of business of the Parent Guarantor and its Subsidiaries; 
 (20) liens resulting from the deposit of funds
or evidences of Indebtedness in trust for the purpose of defeasing Indebtedness of the Parent Guarantor or any of its Restricted Subsidiaries, and legal or equitable encumbrances deemed to exist by reason of negative pledges; or 

(21) liens on accounts receivable or inventory associated with a receivable or inventory financing, sale or factoring program
of the Parent Guarantor and/or its Restricted Subsidiaries. 
  

	Section 4.05	Limitation on Sale and Leaseback. 

 The Parent Guarantor will not, nor will it permit any
Restricted Subsidiary to, enter into any Sale and Leaseback Transaction with respect to a Principal Property and with a lease exceeding three years unless: 

(1) the Parent Guarantor and/or such Restricted Subsidiary or Restricted Subsidiaries would be entitled to incur Indebtedness
secured by a lien on that property without securing the Notes; 

  
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 (2) an amount equal to the Value of the Sale and Leaseback Transaction is applied
within 180 days to: 
 (A) the voluntary retirement of Indebtedness of the Parent Guarantor or any Restricted Subsidiary
maturing more than one year after the date incurred and which is pari passu in right of payment with the Notes; or 
 (B) the
purchase of other property that will constitute Principal Property having a value at least equal to the net proceeds of the sale; or 

(3) the Parent Guarantor and/or a Restricted Subsidiary shall deliver to the Registrar for cancellation Notes in an aggregate
principal amount at least equal to the net proceeds of the sale and any other documents the Registrar may reasonably require to effect such cancellation. 

For purposes of this Section 4.05 and Section 4.06, the term “Value” shall mean, with respect to a Sale and
Leaseback Transaction, as of any particular time, the amount equal to the greater of (i) the net proceeds of the sale or transfer of the property leased pursuant to such Sale and Leaseback Transaction or (ii) the fair value in the opinion
of the Board of Directors of the Parent Guarantor of such property at the time of entering into such Sale and Leaseback Transaction, in either case divided first by the number of full years of the term of the lease and then multiplied by the number
of full years of such term remaining at the time of determination without regard to any renewal or extension options contained in the lease. 
  

	Section 4.06	Exemption from Limitation on Liens and Sale and Leaseback. 

 Notwithstanding the
provisions of Sections 4.04 and 4.05, the Parent Guarantor and/or one or more of its Restricted Subsidiaries are permitted to create or assume liens or enter into Sale and Leaseback Transactions that would not otherwise be permitted under the
limitations described under Section 4.04 and Section 4.05, provided that the sum of the aggregate amount of all Indebtedness secured by these liens (not including Indebtedness otherwise permitted under the exceptions described in
Section 4.04), and the Value of all these Sale and Leaseback Transactions (not including those that are for less than three years or in respect of which Indebtedness is retired or property is purchased or Notes are delivered, as set forth in
Section 4.05), shall not exceed 10% of Consolidated Net Assets (measured as of the end of the most recently ended fiscal year) at any time outstanding of the Parent Guarantor. 

 

	Section 4.07	Statement by Officers as to Default. 

 The Parent Guarantor will deliver to the
Trustee, within 120 days after the end of each fiscal year of the Parent Guarantor ending after the date hereof (and within 14 days upon a request at any time after such 120 days), an Officer’s Certificate, stating that in the course of the
performance by the signer thereof of his or her duties as an Officer of the Parent Guarantor he or she would normally have knowledge of any Default and whether or not the signer knows of any Default that occurred during such period (and, if a
Default or Event of Default has occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Issuer is taking or proposes to take with respect thereto). 

 

	Section 4.08	Waiver of Certain Covenants. 

 The Parent Guarantor may omit in any particular instance
to comply with any term, provision or condition set forth in Sections 4.04 to 4.06, inclusive, with respect to the Notes if before the time for such compliance the Holders of at least a majority in aggregate principal amount of the Outstanding Notes
shall, by act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so
expressly waived, and until such waiver shall become effective, the obligations of the Parent Guarantor and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 

  
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	Section 4.09	Offer to Repurchase Upon Change of Control. 

 a) Upon the occurrence of a Change of
Control, unless the Issuer has exercised its right to redeem the Notes as described in Section 3.07 hereof, the Issuer will make an offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (equal to
€100,000 or an integral multiple of €1,000 in excess thereof) of each Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, on the Notes
repurchased, to the date of repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control, the Issuer will (i) mail or send a notice to each Holder, with a copy to the Paying Agent and
(ii) if and so long as the Notes are listed on the Irish Stock Exchange and the rules of such exchange so require, publish a notice of such Change of Control in a newspaper having a general circulation in Ireland (which is expected to be The
Irish Times) or, to the extent and in the manner permitted by such rules, posted on the official website of the Irish Stock Exchange (www.ise.ie), in each case, describing the transaction or transactions that constitute the Change of Control and
stating: 
 (A) that the Change of Control Offer is being made pursuant to this Section 4.09 and that all Notes tendered
will be accepted for payment; 
 (B) the purchase price and the purchase date, which shall be no earlier than 30 days and no
later than 90 days from the date such notice is mailed or sent (the “Change of Control Payment Date”); 

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

(D) that, unless the Issuer defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant
to the Change of Control Offer will cease to accrue interest after the Change of Control Payment Date; 
 (E) that Holders
electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the Notes, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, to the Paying Agent at the
address specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Payment Date; 

(F) that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business
on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder
is withdrawing his election to have the Notes purchased; and 
 (G) that Holders whose Notes are being purchased only in part
will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to €100,000 in principal amount or an integral multiple of €1,000 in excess thereof. 

The Issuer will comply with the requirements of Rule 14e-1 under the U.S. Exchange Act and any other securities laws and regulations
thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change in Control. To the extent that the provisions of any securities laws or regulations conflict with the
provisions of this Section 4.09, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 4.09 by virtue of such compliance. 

b) On the Change of Control Payment Date, the Issuer will, to the extent lawful: 

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

  
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 (B) deposit with the Paying Agent an amount equal to the Change of Control
Payment in respect of all Notes or portions of Notes properly tendered; 
 (C) deliver or cause to be delivered to the
Trustee the Notes properly accepted together with an Officer’s Certificate delivered to the Trustee stating the aggregate principal amount of Notes being purchased by the Issuer; 

(D) in the case of Global Notes, deliver, or cause to be delivered, to the Paying Agent the Global Notes in order to reflect
thereon the portion of such Notes or portion thereof that have been tendered to and purchased by the Issuer; and 
 (E) in
the case of Definitive Registered Notes, deliver, or cause to be delivered, to the relevant Registrar for cancellation all Definitive Registered Notes accepted for purchase by the Issuer. 

If any Definitive Registered Notes have been issued, the Paying Agent, if so directed by the Issuer, will, at the expense of the Issuer,
promptly mail to each Holder of Definitive Registered Notes properly tendered the Change of Control Payment for such Notes, and the Trustee, if so directed by the Issuer, will, at the expense of the Issuer, promptly authenticate and mail (or cause
to be transferred by book-entry) to each Holder a new Definitive Registered Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any, provided that each new Note will be in a principal amount of €100,000
or an integral multiple of €1,000 in excess thereof. 
 The Issuer will publicly announce the results of the Change of Control Offer on
or as soon as practicable after the Change of Control Payment Date. 
 Notwithstanding anything to the contrary in this Section 4.09,
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
Section 4.09 and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer or (ii) the Issuer effects Legal Defeasance or Covenant Defeasance of the Notes under Article 8 of this Indenture prior to the
occurrence of such Change of Control. 
 If and for so long as the Notes are listed on the Irish Stock Exchange and the rules of the Irish
Stock Exchange so require, the Issuer will publish a public announcement with respect to the results of any Change of Control Offer in a leading newspaper of general circulation in Ireland (which is expected to be The Irish Times) or to the extent
and in the manner permitted by such rules, post such notice on the official website of the Irish Stock Exchange (www.ise.ie). 
  

	Section 4.10	Limitation of Guarantees by Restricted Subsidiaries. 

 The Parent Guarantor shall not
permit any Subsidiary (other than the Issuer, which has pledged certain assets to secure its direct borrowings under the Credit Agreement), directly or indirectly, to guarantee or pledge any assets to secure the payment of, or in any other manner
become liable with respect to (x) obligations under the Credit Agreement and/or (y) Indebtedness (including commitments in respect thereof) in excess of $125.0 million, in each case, of the Parent Guarantor, the Issuer or any Subsidiary
Guarantor, unless in any such case, such Restricted Subsidiary executes and delivers a supplemental indenture substantially in the form of Exhibit E hereto, providing a guarantee of payment of the Notes by such Restricted Subsidiary (and if such
Indebtedness is by its terms subordinated in right of payment to the Notes, any such guarantee of such Restricted Subsidiary with respect to such Indebtedness shall be subordinated in right of payment to such Restricted Subsidiary’s Guarantee
of the Notes to the same extent as such Indebtedness is subordinated to the Notes). 
  

	Section 4.11	Payments for Consent. 

 The Parent Guarantor will not, and will not permit any of its
Subsidiaries to, directly or indirectly, pay or cause to be paid any consideration to or for the benefit of any Holder of Notes for or as an inducement to any 

  
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consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid and is paid to all Holders of Notes that consent,
waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement. 
  

	Section 4.12	Maintenance of Listing. 

 The Issuer will obtain and maintain the listing of the Notes on
the Official List of the Irish Stock Exchange and the admission of the Notes for trading on its Global Exchange Market for so long as the Notes are outstanding; provided that if the Issuer is unable to obtain listing of the Notes on the
Official List of the Irish Stock Exchange or if at any time the Issuer determines that it will not maintain such listing, it will obtain a listing of the Notes on another recognized stock exchange in western Europe prior to the delisting of the
Notes from the Global Exchange Market and thereafter the Issuer will maintain such listing. 
  

	Section 4.13	Further Instruments and Acts. 

 Upon request by the Trustee, but without an affirmative
duty on the Trustee to do so, the Issuer and the Guarantors shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

ARTICLE 5. 
 SUCCESSORS 

 

	Section 5.01	Merger, Sale and Lease. 

 a) The Issuer may not consolidate with or merge, combine or
amalgamate with any other Person, or sell, convey, lease or otherwise dispose of all or substantially all of the Issuer’s properties and assets to any Person, without the consent of the holders of any of the Outstanding Notes, unless: 

(1) the resulting, surviving or transferee Person (the “Successor Company”) will be a Person organized and
existing under the laws of the United States of America, any State of the United States or the District of Columbia or the United Kingdom, and the Successor Company (if not the Issuer) will expressly assume the due and punctual payment of the
principal of and interest on all the Notes and the due and punctual performance and observance of all of the covenants and conditions of this Indenture under a supplemental indenture, executed and delivered to the Trustee, in form satisfactory to
the Trustee; 
 (2) immediately after the transaction, no Default or Event of Default shall have occurred and be continuing;
and 
 (3) the Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each to
the effect that such consolidation, merger or transfer and such supplemental indenture comply with this Indenture, and that all conditions precedent therein provided for relating to such transaction have been complied with and an Opinion of Counsel
to the effect that such supplemental indenture has been duly authorized, executed and delivered and is a legal, valid and binding agreement enforceable against the Successor Company, and the Notes constitute legal, valid and binding obligations of
the Successor Company, enforceable in accordance with their terms (in each case, in form and substance satisfactory to the Trustee), provided that in giving an Opinion of Counsel, counsel may rely on an Officer’s Certificate as to any
matters of fact, including as to satisfaction of clause (2) above. 
 b) The Parent Guarantor may not consolidate with or merge,
combine or amalgamate with any other Person, or sell, convey, lease or otherwise dispose of all or substantially all of the Issuer’s properties and assets to any Person, without the consent of the holders of any of the Outstanding Notes,
unless: 
 (1) the resulting, surviving or transferee Person (the “Successor Parent Guarantor”) will be a
Person organized and existing under the laws of the United States of America, any State of the United 

  
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States or the District of Columbia or the United Kingdom, and the Successor Parent Guarantor (if not the Parent Guarantor) will expressly assume the due and punctual payment of the principal of
the Parent Guarantee and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed by the Parent Guarantor under a supplemental indenture, executed and delivered to the Trustee, in form
satisfactory to the Trustee; 
 (2) immediately after the transaction, no Default or Event of Default shall have occurred and
be continuing; and 
 (3) the Parent Guarantor shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each to the effect that such consolidation, merger or transfer and such supplemental indenture comply with this Indenture, and that all conditions precedent therein provided for relating to such transaction have been complied
with and an Opinion of Counsel to the effect that such supplemental indenture has been duly authorized, executed and delivered and is a legal, valid and binding agreement enforceable against the Successor Parent Guarantor, and the Notes constitute
legal, valid and binding obligations of the Successor Parent Guarantor, enforceable in accordance with their terms (in each case, in form and substance satisfactory to the Trustee), provided that in giving an Opinion of Counsel, counsel may
rely on an Officer’s Certificate as to any matters of fact, including as to satisfaction of clause (2) above. 
 c) This
Section 5.01 will not apply to a merger of the Parent Guarantor with an Affiliate solely for the purpose of reincorporating the Parent Guarantor in another jurisdiction within the United States or the United Kingdom. 

d) The Issuer will publish a notice of any merger, combination or amalgamation described above, or any sale, conveyance, lease or other
disposal of all or substantially all of its properties and assets described above, in a newspaper having general circulation in Ireland (which is expected to be The Irish Times) or, to the extent and in the manner permitted by such rules,
posted on the official website of the Irish Stock Exchange (www.ise.ie) if and so long as the Notes are listed on the Irish Stock Exchange and the rules of such exchange so require and, so long as the rules of the Irish Stock Exchange so
require, notify such exchange of any such transaction. 
  

	Section 5.02	Successor Person Substituted. 

 Upon any consolidation or merger or any sale, assignment,
transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Issuer or the Parent Guarantor in a transaction that is subject to, and that complies with the provisions of, Section 5.01, the
successor person formed by such consolidation or into which the Issuer or the Parent Guarantor is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made, shall succeed to, and be substituted for, the
Issuer or the Guarantor, as applicable, under this Indenture, with the same effect as if such successor Person had been named as the Issuer or the Parent Guarantor under this Indenture and the predecessor Issuer or Parent Guarantor, as applicable,
shall be discharged from all obligations under the Notes, the Guarantees, this Indenture and any supplemental indenture, as applicable; provided, however, that the predecessor Issuer shall not be relieved from the obligation to pay the
principal of, interest, premium, if any, and Additional Amounts, if any, on the Notes except in the case of a sale, conveyance, transfer or lease of all of the assets of or a consolidation or merger of the Issuer in a transaction that is subject to,
and that complies with the provisions of, Section 5.01. 
  

	Section 5.03	Securities to Be Secured in Certain Events. 

 If, upon any consolidation, merger, sale,
conveyance or lease referred to in Section 5.01(b), any Principal Property of the Parent Guarantor or of any Restricted Subsidiary or any shares of stock or Indebtedness of any Restricted Subsidiary owned immediately prior thereto would,
thereupon, become subject to any mortgage, security interest, pledge, lien or encumbrance, other than liens permitted under Section 4.04 or 4.06, without securing the Notes, the Parent Guarantor, prior to such consolidation, merger, sale,
conveyance or lease, will by indenture supplemental hereto secure the due and punctual payment of the principal of and interest on the Notes (equally and ratably with any other Indebtedness of the Parent Guarantor then, or as a result thereof to be,
secured thereby) by a direct lien on such Principal Property, shares of stock or Indebtedness, prior to all liens other than any then existing thereon and then so permitted by Section 4.04 or Section 4.06. 

  
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	Section 5.04	No Consolidation, Etc., Shall Result in Event of Default. 

 Any
consolidation, merger, sale, conveyance or lease referred to in Section 5.01 shall not be permitted under this Indenture unless immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse
of time or both, would become an Event of Default, shall have occurred and be continuing. 
 ARTICLE 6. 

DEFAULTS AND REMEDIES 
  

	Section 6.01	Events of Default. 

 (a) Each of the following is an “Event of Default”:

 (1) the Issuer defaults for 30 days in the payment when due of interest on, or with respect to, the Notes; 

(2) the Issuer defaults in the payment when due (at maturity or acceleration or otherwise) of the principal of, or premium, if
any, on the Notes; 
 (3) the Issuer, the Parent Guarantor or any of its Restricted Subsidiaries fails to comply with the
provisions of Section 4.09 hereof; 
 (4) failure by the Parent Guarantor or any of its Restricted Subsidiaries for 60
days after written notice by the Trustee or Holders representing 25% or more of the aggregate principal amount of Notes outstanding to comply with any of the other agreements in this Indenture; 

(5) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or
evidenced any Indebtedness for money borrowed by the Parent Guarantor or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by the Parent Guarantor or any of its Restricted Subsidiaries) whether such Indebtedness or Guarantee
now exists, or is created after the date of this Indenture, if that default: 
 (A) is caused by a failure to pay principal
of, premium, if any, or interest on such Indebtedness at final maturity thereof; or 
 (B) results in the acceleration of
such Indebtedness prior to its final maturity, 
 and in each case, the principal amount of any such Indebtedness, together with the
principal amount of any other such Indebtedness under which there has been a similar default aggregates $30.0 million or more; 

(6) the Issuer, the Parent Guarantor or any of its Subsidiaries that is a Significant Subsidiary or a group of Subsidiaries
that in the aggregate would constitute a Significant Subsidiary pursuant to or under Bankruptcy Law: 
 (A) commences a
voluntary case, 
 (B) consents to the entry of an order for relief against it in an involuntary case, 

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

  
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 (D) makes a general assignment for the benefit of its creditors, or 

(E) generally is not paying its debts as they become due; or 

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

(A) is for relief against the Issuer, the Parent Guarantor or any of its Subsidiaries that is a Significant Subsidiary, 

(B) appoints a custodian of the Issuer, the Parent Guarantor or any of its Subsidiaries that is a Significant Subsidiary for
all or substantially all of the property of the Issuer, the Parent Guarantor or any of its Subsidiaries that is a Significant Subsidiary, or 

(C) orders the liquidation of the Issuer, the Parent Guarantor or any of its Subsidiaries that is a Significant Subsidiary;

 and the order or decree remains unstayed and in effect for 60 consecutive days. 

(b) Upon becoming aware of any Default or Event of Default, the Issuer shall promptly deliver to the Trustee an Officer’s Certificate
specifying such Default or Event of Default (and in no event later than 30 days after the occurrence thereof). 
  

	Section 6.02	Acceleration of Maturity 

 If an Event of Default (other than an Event of Default
specified in Section 6.01(a)(5), (a)(6) and (a)(7)) under Section 6.01 occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare
the unpaid principal of, premium, if any, and accrued and unpaid interest on, all the Notes then outstanding to be due and payable, by a notice in writing to the Issuer (and to the Trustee, if given by Holders) specifying the respective Event of
Default and upon any such declaration such principal, premium, if any, and accrued and unpaid interest shall become immediately due and payable. If an Event of Default specified in Section 6.01(a)(5), (6) or (7) occurs, all unpaid
principal of, and accrued interest on, the Notes then outstanding will become due and payable immediately, without any declaration or other act on the part of the Trustee or any Holder. 

If any Event of Default occurs by reason of any willful action or inaction taken or not taken by or on behalf of the Issuer with the intention
of avoiding payment of the premium that the Issuer would have had to pay if the Issuer then had elected to redeem the Notes pursuant to the optional redemption provisions of Section 3.07 hereof, then, upon acceleration of the Notes, an
equivalent premium shall also become and be immediately due and payable, to the extent permitted by law, anything in this Indenture or in the Notes to the contrary notwithstanding. If an Event of Default occurs during any time that the Notes are
outstanding, by reason of any willful action or inaction taken or not taken by or on behalf of the Issuer with the intention of avoiding the prohibition on redemption of the Notes, then, the premium specified in this Indenture shall also become
immediately due and payable to the extent permitted by law upon the acceleration of the Notes. 
 If (i) (A) the Issuer, the
Parent Guarantor or any or any Subsidiary Guarantor has paid or deposited with such Trustee (or Paying Agent, as appropriate) a sum sufficient to pay (1) all overdue installments of interest on all the Notes, (2) the principal of, and
premium, if any, on any Notes that have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed therefor in the Notes, (3) to the extent that payment of such interest is lawful,
interest on the defaulted interest at the rate or rates prescribed therefor in the Notes, and (4) all money paid or advanced by the Trustee thereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel; (B) all Events of Default, other than the nonpayment of the principal of any Notes that have become due solely by such declaration of acceleration, have been cured or waived as provided in this Indenture; and (C) the
rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (ii) the Holders of a majority in aggregate principal amount of then 

  
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outstanding Notes give written notice to the Issuer, the Parent Guarantor, the Subsidiary Guarantors and the Trustee of their desire to rescind and annul a declaration of acceleration and its
consequences, then such declaration of acceleration shall be deemed rescinded and annulled. No such rescission will affect any subsequent Event of Default or impair any right consequent thereon. 

 

	Section 6.03	Other Remedies. 

 If an Event of Default occurs and is continuing, the Trustee may
pursue, in its own name and as trustee of an express trust, any available remedy by proceeding at law or in equity to collect the payment of principal or interest 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. No remedy is
exclusive of any other remedy. All available remedies are cumulative. 
  

	Section 6.04	Waiver of Past Defaults. 

 Subject to Sections 6.07 and 9.02, the Holders of at least a
majority in aggregate principal amount of Notes then outstanding by written notice to the Trustee may waive an existing Default or Event of Default and its consequences, except a continuing Default or Event of Default in payment of principal,
premium, if any, or interest on the Notes, including any optional redemption payments or Change of Control payments. 
  

	Section 6.05	Control by Majority. 

 The Holders of a majority in aggregate principal amount of the
Notes then outstanding will have the right, by an instrument or concurrent instruments in writing executed and delivered to the Trustee, to direct the time, method and place of conducting any proceeding for exercising any remedy available to the
Trustee under this Indenture or exercising any trust or power conferred on such Trustee; provided that the Trustee (i) may refuse to follow any direction that is in conflict with any rule of law or with this Indenture, that may involve
the Trustee in personal liability, or that the Trustee determines in good faith may be prejudicial to the rights of Holders of Notes not joining in the giving of such direction and (ii) may take any other action it deems proper that is not
inconsistent with any such direction received from Holders of Notes. 
  

	Section 6.06	Limitation on Suits. 

 No Holder of any of the Notes will have any right to institute any
proceeding, judicial or otherwise, or for the appointment of a receiver or trustee or pursue any remedy under this Indenture, unless: 

(1) such Holder has previously given written notice to the Trustee of a continuing Event of Default; 

(2) the Holders of not less than 25% in aggregate principal amount of the outstanding Notes have made written request to such
Trustee to pursue such remedy, including, if applicable, to institute proceedings in respect of such Event of Default in its own name as Trustee under this Indenture; 

(3) such Holder or Holders have offered to such Trustee reasonable indemnity and security satisfactory to the Trustee against
the costs, loss, expenses and liabilities to be incurred in compliance with such request; 
 (4) such Trustee for 60 days
after its receipt of such notice, request and offer of indemnity has failed to institute such requested proceeding; and 

(5) no direction inconsistent with such written request has been given to such Trustee during such 60-day period by the Holders
of a majority in aggregate principal amount of the Outstanding Notes. 

  
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 A Holder may not use this Indenture to prejudice the rights of another Holder of a Note or to
obtain a preference or priority over other Holders. 
  

	Section 6.07	Rights of Holders to Receive Payment. 

 Notwithstanding any other provision of this
Indenture, the right of any Holder of a Note to receive payment of principal, premium and interest on the Note held by such Holder, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to
bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 
  

	Section 6.08	Collection Suit by Trustee. 

 If an Event of Default in payment of principal, premium, if
any, or interest specified in Section 6.01(a)(l), (a)(2) or (a)(3) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer or any Subsidiary Guarantor for the whole amount
of principal, premium, if any, and interest remaining unpaid with respect to the Notes, and interest on overdue principal and premium, if any, and, to the extent lawful, interest on overdue interest, and such further amounts as shall be sufficient
to cover the costs and expenses of collection, including the reasonable compensation and expenses of the Trustee, its agents and counsel. 
  

	Section 6.09	Trustee May File Proofs of Claim. 

 a) The Trustee may 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 its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Issuer, the Parent Guarantor, the Subsidiary
Guarantors, their creditors or their property and may collect and receive any money or other property payable or deliverable on any such claims and to distribute the same. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under the Indenture out of the estate in any such proceedings, 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. 
 b) Nothing herein contained 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 thereof, 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 pursuant to this Article 6, it shall
pay out the money in the following order: 
 First: to the Trustee, its agents and attorneys for amounts due under
Section 7.07 hereof; 
 Second: to the Agents, their agents and attorneys for amounts due for payment of all
compensation, expenses and liabilities incurred and all advances made by the Agents and the costs and expenses of collection; 

Third: 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; and 

Fourth: to the Issuer. 

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

	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 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. The
foregoing shall not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then Outstanding Notes. 

ARTICLE 7. 
 TRUSTEE 

 

	Section 7.01	Duties of Trustee. 

 a) If an Event of Default has occurred and is continuing, the
Trustee will 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 such person’s own
affairs. 
 b) Except during the continuance of an Event of Default of which a Responsible Officer of the Trustee has received written
notice: 
 (1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the
Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(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. However, with respect to certificates or opinions specifically required to be furnished to it hereunder, the Trustee will examine the
certificates and opinions to determine whether or not they substantially conform to the requirements of this Indenture. 
 c) The Trustee
may not be relieved from liabilities for its own 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 7.01; 

(2) the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved
that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee will 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 Sections 6.02, 6.04 and/or 6.05 hereof. 

(4) No provision of this Indenture will require the Trustee to expend or risk its own funds or incur any liability. The Trustee
will be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder has offered to the Trustee security and/or indemnity and/or prefunding satisfactory to it against any loss,
liability, claim, damage or expense. 
 d) Whether or not therein expressly so provided, every provision of this Indenture that in any way
relates to the Trustee is subject to paragraphs (a), (b), and (c) of this Section 7.01. 

  
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 e) The Trustee will not be liable for interest on 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. 
  

	Section 7.02	Rights of Trustee and Agents. 

 a) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any document (whether in original or facsimile form including any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note,
other evidence of indebtedness or other paper even if it has a monetary limit) 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 in the document
(including any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness), but the Trustee, in its sole and absolute discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit 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 except for liability resulting
from the Trustee’s willful misconduct, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuer, personally or by agent or attorney. 

b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both. The Trustee
will 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. The Trustee may retain professional advisors to assist them in performing their duties. The Trustee may
consult with counsel or professional advisors and the written advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder
in good faith and in reliance thereon. 
 c) The Trustee may act through its attorneys and agents and will not be responsible for the
misconduct or negligence of any agent, attorney, delegate or depositary appointed with due care. 
 d) The Trustee will not be liable for
any action it takes or omits to take in good faith that it believes to be authorized or within the 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 will be sufficient if
signed by an Officer of the Issuer. 
 f) The Trustee will 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 have offered to the Trustee security or indemnity satisfactory to it 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 deemed to have notice of any matter (including a Default or Event of Default)
unless a Responsible Officer of the Trustee assigned to and working in the Trustee’s Corporate Trust Office has actual knowledge thereof or unless written notice of such matter is received by the Trustee at the Corporate Trust Office of the
Trustee, and such notice clearly references the Notes, the Issuer and this Indenture. 
 h) The rights, privileges, protections, immunities
and benefits given to the Trustee, including, without limitation, its right to be indemnified/secured, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian or other Person
employed to act hereunder. Absent willful misconduct or gross negligence, each Trustee, Paying Agent, Registrar and Transfer Agent shall not be liable for acting in good faith on instructions believed by it to be genuine and from the proper party.

 i) The Trustee will not be liable if prevented or delayed in performing any of its obligations or discretionary functions under this
Indenture by reason of any present or future law applicable to it, by any governmental or regulatory authority or by any circumstances beyond its control. 

  
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 j) The Trustee may request that the Issuer deliver an Officer’s Certificate setting forth
the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an Officer’s Certificate, including
any person as so authorized in any such certificate previously delivered and not superseded. 
 k) The Trustee shall have no duty to inquire
as to the performance of the covenants of the Issuer in Article 4 hereof. In addition, the Trustee will not be deemed to have knowledge of any Default or Event of Default except any Default or Event of Default of which a Responsible Officer of
the Trustee has received written notification identifying the Notes or this Indenture. The Trustee will be under no obligation to monitor the financial performance of the Parent Guarantor. 

l) The Trustee shall be entitled to assume without enquiry, that the Issuer has performed in accordance with all of the provisions in this
Indenture, unless notified to the contrary. 
 m) The permissive rights of the Trustee to take the actions enumerated in this Indenture
shall not be construed as an obligation or duty to do so and the Trustee will not be answerable other than for its own negligence or willful default. 

n) Notwithstanding any provision of this Indenture to the contrary, the Trustee shall not in any event be liable for special indirect,
punitive or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), whether or not foreseeable, even if the Trustee has been advised of the likelihood of such loss or damage and regardless of whether the
claim for loss or damage is made in negligence, for breach of contract or otherwise. 
 o) Delivery of reports, information and documents to
the Trustee under Section 4.03 is for informational purposes only and the Trustee’s receipt of the foregoing will not constitute constructive notice of any information contained therein or determinable from information contained therein,
including the Issuer’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates or Opinions of Counsel, as applicable). 

p) Neither the Trustee the Registrar or the Transfer Agent nor any clearing system through which the Notes are traded shall have any
obligation or duty to monitor, determine or inquire as to compliance, and shall not be responsible or liable for compliance, with restrictions on transfer, exchange, redemption, purchase or repurchase, as applicable, of minimum denominations imposed
under this Indenture or under applicable law or regulation with respect of any transfer, exchange, redemption, purchase or repurchase, as applicable, of interest in any Note. 

q) The Trustee is not required to give any bond or surety with respect to the performance of its duties or the exercise of its powers under
this Indenture. 
 r) In the event the Trustee receives inconsistent or conflicting requests and indemnity from two or more groups of
Holders, each representing less than a majority in aggregate principal amount of the Notes then outstanding, pursuant to the provisions of this Indenture, the Trustee, in its sole discretion, may determine what action, if any, will be taken. 

s) The Trustee may refrain from taking any action in any jurisdiction if the taking of such action in that jurisdiction would, in its opinion
based upon legal advice in the relevant jurisdiction, be contrary to any law of that jurisdiction or, to the extent applicable, of New York. Furthermore, the Trustee may also refrain from taking such action if it would otherwise render it liable to
any person in that jurisdiction or New York or if, in its opinion based upon such legal advice, it would not have the power to do the relevant thing in that jurisdiction by virtue of any applicable law in that jurisdiction or in New York or if it is
determined by any court or other competent authority in that jurisdiction or in New York that it does not have such power. 

  
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 t) 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, and each Agent, custodian and other Person employed to act hereunder. 

 

	Section 7.03	Individual Rights of 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, a Guarantor or any Affiliate of the Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting
interest it must eliminate such conflict within 90 days. Any Agent may do the same with like rights and duties. 
  

	Section 7.04	Trustee’s Disclaimer. 

 The Trustee will not be responsible for and makes no
representation as to the validity or adequacy of this Indenture, the Notes or any Guarantee, it shall not be accountable for the Issuer’s 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 will not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or recital herein or any statement in the
Notes, any statement or recital in any Officers’ Certificate delivered to the Trustee or any other document in connection with the sale of the Notes or pursuant to this Indenture other than its certificate of authentication. 

 

	Section 7.05	Notice of Defaults. 

 If a Default or Event of Default occurs and is continuing and if it
is known to the Trustee (through the Issuer having so notified the Trustee), the Trustee will mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in
payment of principal of, premium or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the
Notes. The Trustee shall not be deemed to have notice of a Default or Event of Default unless a Responsible Officer has received written notice of such Default or Event of Default. 

 

	Section 7.06	[Reserved]. 

  

	Section 7.07	Compensation and Indemnity. 

 a) The Issuer and each Guarantor, jointly and severally,
will pay to the Trustee and each Agent from time to time compensation for its acceptance of this Indenture and services hereunder in accordance with the fee schedule previously agreed to by the Issuer, Trustee and each Agent, respectively. If the
Issuer and the Guarantors default in the payment of compensation to the Trustee or any Agent, then interest at the default rate set forth in this Indenture shall be paid on the defaulted compensation. The Trustee’s and Agents’ compensation
will not be limited by any law on compensation of a trustee of an express trust. The Issuer and each Guarantor, jointly and severally, will reimburse the Trustee and each Agent promptly upon request for all reasonable disbursements, advances and
expenses incurred or made by it including costs of collection, any additional fees the Trustee may incur acting after a Default or an Event of Default and any fees the Trustee or any Agent may incur in connection with exceptional duties in relation
thereto, in addition to the compensation for its services. Such expenses will include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

b) The Issuer and the Guarantors, jointly and severally, will indemnify each of the Trustee and any predecessor Trustee and the Agents, and
hold it harmless, against any and all Losses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Issuer and
the Guarantors (including this Section 7.07) and defending itself against any claim (whether asserted by the Issuer, a Guarantor or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers
or duties hereunder. The Trustee and each Agent will notify the Issuer promptly of any claim for which it may seek indemnity. Failure by the Trustee and each Agent to so notify the Issuer will not relieve the Issuer or the Guarantors of their
obligations hereunder. At the 

  
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Trustee’s sole discretion, the Issuer will defend the claim and the Trustee will provide reasonable cooperation and may participate at the Issuer’s expense in the defense.
Alternatively, the Trustee may at its option have separate counsel of its own choosing and the Issuer will pay the properly incurred fees and expenses of such counsel; provided that the Issuer will not be required to pay such fees and
expenses if it assumes the Trustee’s defense and there is, in the opinion of the Trustee, no conflict of interest between the Issuer and the Trustee in connection with such defense and no Default or Event of Default has occurred and is
continuing. The Issuer need not pay for any settlement made without its written consent, which consent shall not be unreasonably withheld. The Issuer need not reimburse any expense or indemnify against any loss or liability to the extent incurred by
the Trustee through its negligence or willful misconduct. 
 c) The obligations of the Issuer and the Guarantors under this
Section 7.07 and any lien arising hereunder will survive the resignation or removal of the Trustee, the discharge of the Issuer’s obligations pursuant to Article 11 or the termination of this Indenture. 

d) To secure the Issuer’s and the Guarantors’ payment obligations in this Section 7.07, the Trustee will 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 and interest on particular Notes. Such lien will survive the satisfaction and discharge of this Indenture. 

e) When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(a)(5) or (6) hereof
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. 

f) The parties to this Indenture agree that, at the request of the Trustee, the fees and expenses payable under this Section 7.07 may be
reviewed and increased from time to time in accordance with such Trustee’s then current fee levels. In addition, the Trustee reserves the right at any time and from time to time to charge the Issuer properly incurred additional fees and
expenses in respect of the performance by the Trustee of services hereunder in respect of any exercise by the Issuer or the Holders of any call or put option, exchanges, conversions, solicitations, offers, tenders or any other process that requires
communication with the Holders or in respect of additional fees incurred after a Default, an Event of Default or for exceptional duties. 
  

	Section 7.08	Replacement of Trustee. 

 a) A resignation or removal of the Trustee and appointment of a
successor Trustee will become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08; provided that the resigning Trustee may appoint a successor Trustee that is reasonably
satisfactory to the Issuer. 
 b) The Trustee may resign in writing without giving any reason at any time and be discharged from the trust
hereby created by so notifying the Issuer. The Holders of a majority in aggregate principal amount of the then Outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuer in writing. The Issuer may remove the Trustee if: 

(1) the Trustee fails to comply with Section 7.10 hereof; 

(2) 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; 
 (3) a custodian or public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

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

  
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 d) If a successor Trustee does not take office within 60 days after the resigning Trustee resigns
or is removed, the resigning Trustee, the Issuer, or the Holders of at least 10% in aggregate principal amount of the then Outstanding Notes may petition at the expense of the Issuer any court of competent jurisdiction for the appointment of a
successor Trustee. 
 e) If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply
with Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

f) A successor Trustee will deliver a written acceptance of its appointment to the resigning Trustee and to the Issuer. Thereupon, the
resignation or removal of the resigning Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will mail a notice of its succession to Holders.
The resigning Trustee will promptly transfer all property held by it as Trustee to the successor Trustee, provided all sums owing to the Trustee hereunder have been paid and subject to the lien provided for in Section 7.07 hereof.
Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Issuer’s obligations under Section 7.07 hereof will continue for the benefit of the resigning Trustee. 

g) The Issuer covenants that, in the event of the Trustee or any Agent giving reasonable notice pursuant to this Section 7.08, it shall
use its best endeavors to procure a successor Trustee or Agent to be appointed. If a successor Trustee or Agent is not appointed and does not take office within 30 days after the resigning Trustee or Agent resigns or is removed, the resigning
Trustee or Agent may appoint a successor Trustee or Agent at any time prior to the date on which a successor Trustee or Agent takes office. If a successor Trustee or Agent does not take office within 60 days after the retiring Trustee or Agent
resigns or is removed, the retiring Trustee or Agent, the Issuer or the Holders of at least 25% in outstanding principal amount of the Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense
of the Issuer. 
  

	Section 7.09	Successor Trustee by Merger, Etc. 

 If the Trustee consolidates, merges or
converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the successor corporation without any further act will be the successor Trustee. 

 

	Section 7.10	Eligibility; Disqualification. 

 There will at all times be a Trustee hereunder that is a
corporation organized and doing business under the laws of the United States of America or of any state thereof or a European Union Member State or a political subdivision thereof that is authorized under such laws to exercise corporate trustee
power, that is subject to supervision or examination by U.S. federal or state authorities and that has a combined capital and surplus of at least $50.0 million as set forth in its most recent published annual report of condition. 

 

	Section 7.11	Communications. 

 In no event shall the Trustee or any of its Affiliates be liable for
any Losses arising to the Trustee or any of its Affiliates receiving or transmitting any data from the Issuer, any Guarantor, any Authorized Person or any party to the transaction via any non-secure method of transmission or communication, such as,
but without limitation, by facsimile or email. The parties hereto accept that some methods of communication are not secure and the Trustee or any of its Affiliates shall incur no liability for receiving Instructions via any such non-secure method.
The Trustee or any of its Affiliates is authorized to comply with and rely upon any such notice, Instructions or other communications believed by it to have been sent or given by an Authorized Person or an appropriate party to the transaction (or
authorized representative thereof). The Issuer or any authorized officer of the Issuer shall use all reasonable endeavors to ensure that Instructions transmitted to the Trustee or any of its Affiliates pursuant to this Indenture are complete and
correct. Any Instructions shall be conclusively deemed to be valid Instructions from the Issuer or any authorized officers of the Issuer to the Trustee or any of its Affiliates for the purposes of this Indenture. 

  
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 For purposes of this Article 7: 

“Authorized Person” means any person who is designated in writing by the Issuer from time to time to give Instructions to the
Trustee under the terms of this Indenture. 
 “Instructions” means any written notices, written directions or written
instructions received by the Trustee in accordance with the provisions of this Indenture from an Authorized Person or from a person reasonably believed by the Trustee to be an Authorized Person. 

“Losses” means any and all claims, losses, liabilities, damages, costs, expenses and judgments (including legal fees and
expenses) sustained by either party. 
 ARTICLE 8. 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
  

	Section 8.01	Option to Effect Legal Defeasance or Covenant Defeasance. 

 The Issuer may, at the option
of its Board of Directors evidenced by a resolution set forth in an Officer’s Certificate, at any time, elect to have either Section 8.02 or 8.03 hereof be applied to all Outstanding Notes, the Parent Guarantee and the Subsidiary
Guarantees upon compliance with the conditions set forth below in this Article 8. 
  

	Section 8.02	Legal Defeasance and Discharge. 

 Upon the Issuer’s exercise under Section 8.01
hereof of the option applicable to this Section 8.02, the Issuer, the Parent Guarantor and the Subsidiary Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged
from their obligations with respect to all Outstanding Notes and all obligations of the Parent Guarantor and the Subsidiary Guarantors shall be deemed to have been discharged with respect to their obligations under the Parent Guarantee or the
Subsidiary Guarantees, as applicable, on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuer, the Parent Guarantor and the Subsidiary
Guarantors will be deemed to have paid and discharged the entire Indebtedness represented by the Outstanding Notes (including the Parent Guarantee and the Subsidiary Guarantees) which shall thereafter be deemed to be “outstanding” only for
the purposes of Section 8.05 hereof and the other Sections of this Indenture, and to have satisfied all its other obligations under such Notes and this Indenture (and the Trustee, on demand of and at the expense of the Issuer, shall execute
proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged: 

(1) the rights of Holders of Outstanding Notes to receive payments in respect of the principal of, premium, and interest and
additional interest, if any, on such Notes when such payments are due from the trust referred to in Section 8.04 hereof; 

(2) the Issuer’s obligations with respect to the Notes concerning issuing temporary Notes, mutilated, destroyed, lost or
stolen Notes and the maintenance of an office or agency for payment and money for security payments held in trust; 
 (3) the
rights, powers, trusts, duties and immunities of the Trustee hereunder and the Issuer’s, the Parent Guarantor’s and the Subsidiary Guarantor’s obligations in connection therewith; and 

(4) this Section 8.02. 

Subject to compliance with this Article 8, the Issuer may exercise its option under this Section 8.02 notwithstanding the prior
exercise of its option under Section 8.03 hereof. 

  
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	Section 8.03	Covenant Defeasance. 

 Upon the Issuer’s exercise under Section 8.01 hereof of
the option applicable to this Section 8.03, the Issuer, the Parent Guarantor and each Subsidiary Guarantor shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations
under the covenants contained in Sections 4.03, 4.04, 4.05, 4.07, 4.09, 4.10 and Article 5 hereof with respect to the Outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof 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 will not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means
that, with respect to the Outstanding Notes, the Parent Guarantee and Subsidiary Guarantees, the Issuer, the Parent Guarantor and the Subsidiary Guarantors may omit to comply with and will 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 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes, Parent Guarantee and Subsidiary Guarantees will be
unaffected thereby. In addition, upon the Issuer’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof,
Section 6.01(a)(4) hereof will not constitute an Event of Default. 
  

	Section 8.04	Conditions to Legal or Covenant Defeasance. 

 The following shall be the conditions to
the application of either Section 8.02 or 8.03 hereof to the Outstanding Notes: 
 (1) the Issuer must irrevocably
deposit with the Trustee, in trust, for the benefit of the Holders, cash in euros, non-callable European Government Obligations, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of
independent public accountants, to pay the principal of, premium and interest and Additional 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 the Issuer
must specify whether the Notes are being defeased to maturity or to a particular redemption date; 
 (2) in the case of an
election under Section 8.02 hereof, the Issuer shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that (i) the Issuer has received from, or there has been published by, the Internal
Revenue Service a ruling or (ii) since the date hereof, there has been a change in the applicable federal income tax law, in either case to the effect that, and based thereon, such Opinion of Counsel shall confirm that, the Holders of the
Outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to 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 an election under Section 8.03 hereof, the
Issuer shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that the Holders of the Outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such
Covenant Defeasance and will be subject to 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); 
 (5) under either Section 8.02
or Section 8.03 hereof shall not result in a breach or violation of, or constitute a default under, any material agreement or instrument or any other material agreement or instrument to which the Parent Guarantor or any of its Restricted
Subsidiaries are a party or by which the Parent Guarantor or any of its Restricted Subsidiaries is bound; 

  
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 (6) the Issuer must deliver to the Trustee an Officers’ Certificate stating
that the deposit was not made by the Issuer with the intent of preferring the Holders of Notes over the other creditors of the Issuer with the intent of defeating, hindering, delaying or defrauding creditors of the Issuer or others; 

(7) if the Notes are to be redeemed prior to their Stated Maturity, the Issuer must deliver to the Trustee irrevocable
instructions to redeem all of the Notes on the specified redemption date; and 
 (8) the Issuer must deliver to the Trustee
an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 

 

	Section 8.05	Deposited Money and European Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. 

Subject to Section 8.06 hereof, all money and non-callable European Government Obligations (including the proceeds thereof) deposited with
the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the Outstanding Notes will be held in trust and applied by the 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 a Subsidiary acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes
of all sums due and to become due thereon in respect of principal, premium and Additional Interest, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 

The Issuer and the Parent Guarantor will, jointly and severally, pay and indemnify the Trustee against any tax, fee or other charge imposed on
or assessed against the cash or non-callable European Government Obligations deposited pursuant to Section 8.04 hereof 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. 
 The obligations of the Issuer under this Section 8.05 shall survive the
resignation or renewal of the Trustee and/or satisfaction and discharge of this Indenture. 
 Notwithstanding anything in this
Article 8 to the contrary, the Trustee will deliver or pay to the Issuer from time to time upon the request of the Issuer any money or non-callable European Government Obligations held by it as provided in Section 8.04 hereof which, in the
opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(1) hereof), are in excess of the amount
thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 
  

	Section 8.06	Repayment to Issuer. 

 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 and Additional Amounts, if any, or interest on any Note pursuant to Section 8.04 and remaining unclaimed for two years after such principal, premium and Additional
Amounts, if any, or interest has become due and payable shall be paid to the Issuer on its request; and the Holder of such Note shall thereafter be permitted to 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, will thereupon cease. 
  

	Section 8.07	Reinstatement. 

 If the Trustee or Paying Agent is unable to apply any euros or
non-callable European Government Obligations in accordance with Section 8.02 or 8.03 hereof, 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 Issuer’s, the Parent Guarantor’s and each Subsidiary Guarantor’s obligations under this Indenture, the Notes, the Parent Guarantee and the Subsidiary Guarantees will be revived and reinstated as though no deposit
had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such 

  
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money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Issuer makes any payment of principal of, premium and Additional
Amounts, if any, or interest on any Note following the reinstatement of its obligations, the Issuer will 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. 

ARTICLE 9. 
 AMENDMENT, SUPPLEMENT
AND WAIVER 
  

	Section 9.01	Without Consent of Holders of Notes. 

 Notwithstanding Section 9.02 of this
Indenture, the Issuer, the Parent Guarantor, the Subsidiary Guarantors and the Trustee may amend or supplement this Indenture, the Parent Guarantee, the applicable Subsidiary Guarantee or the Notes without the consent of any Holder of a Note: 

(1) to cure any ambiguity, defect or inconsistency as evidenced by an Officer’s Certificate; 

(2) to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(3) to provide for the assumption of the Issuer’s, the Parent Guarantor’s or the Subsidiary Guarantors’
obligations to the Holders of the Notes, the Parent Guarantee or Subsidiary Guarantees by a successor to the Issuer, the Parent Guarantor or such Subsidiary Guarantor, if any, pursuant to Article 5 or Article 10 hereof; 

(4) to make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect
the legal rights hereunder of any such Holder; 
 (5) to comply with requirements of the SEC in order to effect or maintain
the qualification of this Indenture under the Trust Indenture Act; 
 (6) to comply with Section 4.10 hereof; or 

(7) to evidence and provide for the acceptance and appointment by a successor Trustee. 

Upon the request of the Parent Guarantor accompanied by a resolution of its Board of Directors authorizing the execution of any such amended
or supplemental indenture, and upon receipt by the Trustee of the documents described in Sections 7.02 and 12.04 hereof, the Trustee will join with the Issuer, the Parent Guarantor and the Subsidiary Guarantors, if any, in the execution of any
amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended
or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. After an amendment or waiver under this Section becomes effective, the Issuer shall mail to the Holders of each Note affected thereby a
notice briefly describing the amendment or waiver. Any failure of the Issuer to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

 

	Section 9.02	With Consent of Holders of Notes. 

 Except as provided below in this Section 9.02,
the Issuer, the Parent Guarantor, the Subsidiary Guarantors and the Trustee may amend this Indenture or the Notes with the written consent (including consents obtained in connection with a tender offer or exchange offer for Notes or a solicitation
of consents in respect of Notes, provided that in each case such offer or solicitation is made to all Holders of then outstanding Notes on equal terms) of the Holders of at least a majority in aggregate principal amount of the then
Outstanding Notes. 
 Upon the request of the Issuer, the Parent Guarantor and the Subsidiary Guarantors, accompanied by a Board Resolution
of the Issuer, the Parent Guarantor and each Subsidiary Guarantor authorizing the execution 

  
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of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the Opinion of Counsel
documents described in Section 9.06, the Trustee may, but shall not be obligated to, join with the Issuer, the Parent Guarantor and the Subsidiary Guarantors in the execution of such supplemental indenture. 

It shall not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed amendment
or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 The Holders of a majority in aggregate principal
amount of the then Outstanding Notes may waive compliance in a particular instance by the Issuer, the Parent Guarantor or the Subsidiary Guarantors with any provision of this Indenture or the Notes (including waivers obtained in connection with a
tender offer or exchange offer for Notes or a solicitation of consents in respect of Notes, provided that in each case such offer or solicitation is made to all Holders of the then Outstanding Notes on equal terms). However, without the
consent of each Holder affected, an amendment or waiver under this Section 9.02 may not (with respect to any Notes held by a non-consenting Holder): 

(1) reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the principal of or change the fixed maturity of any Note or alter the provisions, or waive any payment, with
respect to the redemption of the Notes; 
 (3) reduce the rate of or change the time for payment of interest on any Note;

 (4) waive a Default or Event of Default in the payment of principal of, premium, if any, or interest or additional
interest, if any, on the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then Outstanding Notes and a waiver of the payment default that resulted from such
acceleration); 
 (5) make any Note payable in money other than that stated in the Notes; 

(6) any change in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders of Notes to
receive payments of principal of, premium or additional interest, if any, or interest on the Notes; 
 (7) release any
Subsidiary Guarantor that is a Significant Subsidiary from any of its obligations under its Subsidiary Guarantee or this Indenture, except in accordance with the terms of this Indenture; 

(8) impair the right to institute suit for the enforcement of any payment on or with respect to the Notes or the Subsidiary
Guarantees; 
 (9) amend, change or modify the obligation of the Issuer to make and consummate a Change of Control Offer in
the event of a Change of Control in accordance with Section 4.09 hereof; 
 (10) amend, change or modify any of the
provisions of this Indenture or the related definitions affecting the ranking of the Notes, the Parent Guarantee or any Subsidiary Guarantee in any manner adverse to the Holders of the Notes, the Parent Guarantee or any Subsidiary Guarantee; or 

(11) make any change in the preceding amendment and waiver provisions. 

The right of any Holder to participate in any consent required or sought pursuant to any provision of this Indenture (and the obligation of
the Issuer to obtain any such consent otherwise required from such Holder) may be subject to the requirement that such Holder shall have been the Holder of record of any Notes with respect to which such consent is required or sought as of a date
identified by the Trustee in a notice furnished to Holders in accordance with the terms of this Indenture. 

  
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	Section 9.03	Revocation and Effect of Consents. 

 A consent to an amendment, supplement or waiver by a
Holder of a Note shall bind the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, until an
amendment, supplement or waiver becomes effective, any such Holder or subsequent Holder may revoke the consent as to his Note or portion of a Note. For such revocation to be effective, the Trustee must receive the notice of revocation before the
date the amendment, supplement or waiver becomes effective. 
 The Issuer may, but shall not be obligated to, fix a record date for the
purpose of determining the Holders entitled to consent to any amendment or waiver. If the Issuer elects to fix a record date for such purpose, the record date shall be fixed at such date as the Issuer may designate. If a record date is fixed, then
notwithstanding the provisions of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to consent to such amendment or waiver or to
revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No consent shall be valid or effective for more than 90 days after such record date unless consent from the Holders of the principal
amount of Notes required hereunder for such amendment or waiver to be effective also shall have been given and not revoked within such 90-day period. 

After an amendment, supplement or waiver becomes effective, it shall bind every Holder unless it makes a change described in any of
clauses (1) through (8) of Section 9.02. In that case the amendment, supplement or waiver shall bind each Holder of a Note who has consented to it and every subsequent Holder of a Note or portion of a Note that evidences the same debt
as the consenting Holder’s Note. 
  

	Section 9.04	Notation on or Exchange of Notes. 

 If an amendment, supplement or waiver changes the
terms of a Note, the Trustee may require the Holder of the Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note about the changed terms and return it to the Holder. Alternatively, if the Issuer or the Trustee
so determines, the Issuer in exchange for the Note shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. 
  

	Section 9.05	Trustee Protected. 

 Upon written request of the Issuer, accompanied by a resolution of
the Board of Directors or other governing body of a Person authorizing the execution and delivery of such amendment, supplement or waiver, the Trustee shall join the Issuer in signing any such amendment or supplement or waiver authorized pursuant to
this Article 9. In signing such amendment or supplement or waiver the Trustee shall be provided with, and (subject to Article 7) shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that
such amendment, supplement or waiver is authorized or permitted by this Indenture and that such amendment, supplement or waiver is the legal, valid and binding obligation of the Issuer, the Parent Guarantor and the Subsidiary Guarantors, enforceable
against them in accordance with its terms, subject to customary exceptions, and complies with the provisions hereof (including Section 9.03). The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise 
  

	Section 9.06	Publication. 

 The Issuer will inform the Irish Stock Exchange of any material amendment
to this Indenture or any supplement thereto. So long as any Notes are listed on the Irish Stock Exchange and the rules of the Irish Stock Exchange so require, the Issuer will also publish a notice of any such material amendment in a newspaper having
a general circulation in Ireland (which is expected to be The Irish Times) or, to the extent and in the manner permitted by such rules, posted on the official website of the Irish Stock Exchange (www.ise.ie). 

  
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 ARTICLE 10. 

GUARANTEE 
  

	Section 10.01	Guarantee. 

 a) Subject to this Article 10, each Guarantor hereby, jointly
and severally, unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the
obligations of the Issuer hereunder or thereunder, that: 
 (1) the principal of, premium, if any, and interest and
additional interest, if any, on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other
obligations of the Issuer to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

(2) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same will be
promptly 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. 

Upon the occurrence of an Event of Default, each Guarantor will be jointly and severally obligated to pay the same immediately. Each Guarantor
agrees that this is a guarantee of payment and not a guarantee of collection. 
 b) Each Guarantor hereby agrees that its obligations
hereunder are 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 of the Notes 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. Each Guarantor hereby waives
diligence, presentment, demand of 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, protest, notice and all demands whatsoever and covenants
that this Guarantee will not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. 

c) If any Holder or the Trustee is required by any court or otherwise to return to the Issuer, a Guarantor or any custodian, trustee,
liquidator or other similar official acting in relation to either the Issuer or such Guarantor, any amount paid by either to the Trustee or such Holder, this Guarantee, to the extent theretofore discharged, will be reinstated in full force and
effect. 
 d) Each Guarantor agrees that its right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby
is hereby subordinated until payment in full of all obligations guaranteed hereby and each Guarantor shall take no action with respect to its right of subrogation until such payment in full of all such guaranteed obligations. Each Guarantor further
agrees that, as between such Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this
Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as
provided in Article 6 hereof, such obligations (whether or not due and payable) will forthwith become due and payable by such Guarantor for the purpose of this Guarantee. 

 

	Section 10.02	Limitation on Subsidiary Guarantor Liability. 

 a) Each Subsidiary Guarantor, and by its
acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Subsidiary Guarantee of the Subsidiary Guarantors not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the U.S.
Uniform Fraudulent Conveyance Act, 

  
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the U.S. Uniform Fraudulent Transfer Act or any similar U.S. federal or state law or other applicable law to the extent applicable to any Subsidiary Guarantee. To effectuate the foregoing
intention, the Trustee, the Holders and each Subsidiary Guarantor hereby irrevocably agree that the obligations of each Subsidiary Guarantor will be limited to the maximum amount that will, after giving effect to such maximum amount and all other
contingent and fixed liabilities of each Subsidiary Guarantor that are relevant under such laws, result in the obligations of each Subsidiary Guarantor under its Subsidiary Guarantee not constituting a fraudulent transfer or conveyance. 

b) (i) Notwithstanding any provision of this Indenture and the Notes and in particular the Guarantee, the obligations of any Subsidiary
Guarantor incorporated in Denmark (each a “Danish Guarantor”) expressed to be assumed herein: 
 (1) shall be deemed not to be
assumed if and to the extent required to comply with Danish statutory provisions on unlawful financial assistance including, but not limited to, Sections 206 through 212 of the Danish Companies Act (2009) as amended and supplemented from time
to time; and 
 (2) shall, in relation to obligations not incurred as a result of issuance of Notes by the Danish Guarantor or by a direct
or indirect Subsidiary of the Danish Guarantor further be limited to an amount equal to the greater of: 
 (A) the equity of the Danish
Guarantor at the date of the Indenture; and 
 (B) the equity at the date when a claim for payment is made against the Danish Guarantor
under any of the Indenture or the Notes and in particular the Subsidiary Guarantee, 
 in each case calculated in accordance with the
Danish Guarantor’s generally accepted accounting principles at the relevant time, however, adjusted in the case of paragraph (2) above only, by adding back obligations (in the amounts outstanding at the time when a claim for payment is
made) of the Danish Guarantor in respect of any intercompany loan owing by the Danish Guarantor to the Issuer and originally raised by the Issuer under the Notes under the Indenture and on-lent by the Issuer to the Danish Guarantor provided always
that any payment made by the Danish Guarantor under the Subsidiary Guarantee in respect of such obligations of the Danish Guarantor shall reduce pro tanto the outstanding amount of the intercompany loan owing by the Danish Guarantor; and 

(ii) The above limitations shall apply to any security by guarantee, indemnity, collateral or otherwise and to subordination of rights and
claims, subordination or turn over of rights of recourse, application of proceeds and any other means of direct and indirect financial assistance. 
  

	Section 10.03	Execution and Delivery of Guarantee. 

 To evidence its Guarantee set forth in
Section 10.01 hereof, each Guarantor hereby agrees that a notation of Guarantee substantially in the form attached as Exhibit D hereto will be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and
that this Indenture will be executed on behalf of such Guarantor by one of its Officers. 
 Each Guarantor hereby agrees that its Guarantee
set forth in Section 10.01 hereof will remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee. 

If an Officer whose signature is on this Indenture or on the Guarantee no longer holds that office at the time the Trustee authenticates the
Note on which a Guarantee is endorsed, the Guarantee will be valid nevertheless. 
 The delivery of any Note by the Trustee, after the
authentication thereof hereunder, will constitute due delivery of the Guarantee, if any, set forth in this Indenture on behalf of each Guarantor. 

  
 -60- 

	Section 10.04	Subsidiary Guarantor May Consolidate, Etc., on Certain Terms. 

 a) Except
as otherwise provided in Section 10.05 hereof, no Subsidiary Guarantor shall sell or otherwise dispose of all or substantially all of its assets to, or consolidate with or merge with or into, any Person that is (either before or after giving
effect to such transaction) an Affiliate of the Parent Guarantor, unless that Affiliate unconditionally assumes all of the obligations of such Subsidiary Guarantor under this Indenture and its Subsidiary Guarantee pursuant to a supplemental
indenture reasonably satisfactory to the Trustee, provided, however, such assumption shall not be required if: 

(1) such Person is a Subsidiary Guarantor at the time of the transaction; or 

(2) such sale or other disposition is an arms’-length transaction between such Subsidiary Guarantor, the Issuer or an
Affiliate of the Parent Guarantor and such Subsidiary Guarantor receives consideration equal to the fair market value of the assets transferred. 

b) Except as otherwise provided in Section 10.05 hereof, no Subsidiary Guarantor shall sell or otherwise dispose of all or substantially
all of its assets to, or consolidate with or merge with or into, any Person that is not an Affiliate of the Parent Guarantor (whether or not such Subsidiary Guarantor is the surviving Person) other than the Issuer unless immediately after giving
effect to such transaction, no Default or Event of Default exists. 
 c) In case of any such consolidation, merger, sale or conveyance and
upon the assumption by the successor Affiliate, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Subsidiary Guarantee endorsed upon the Notes and the due and punctual performance of all
of the covenants and conditions of this Indenture to be performed by each Subsidiary Guarantor, such successor Affiliate will succeed to and be substituted for such Guarantor with the same effect as if it had been named herein as a Subsidiary
Guarantor. Such successor Affiliate thereupon may cause to be signed any or all of the Subsidiary Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Issuer and delivered to the
Trustee. All the Subsidiary Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as the Subsidiary Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though
all of such Subsidiary Guarantees had been issued at the date of the execution hereof. 
 d) Except as set forth in Articles 4 and 5
hereof, nothing contained in this Indenture or in any of the Notes will prevent any consolidation or merger of a Subsidiary Guarantor with or into the Issuer or another Subsidiary Guarantor, or will prevent any sale or conveyance of the property of
a Subsidiary Guarantor as an entirety or substantially as an entirety to the Issuer or another Subsidiary Guarantor. 
  

	Section 10.05	Releases. 

 Notwithstanding the foregoing, any Guarantee of the Notes by the Parent
Guarantor or by a Restricted Subsidiary of the Parent Guarantor shall provide by its terms that it shall be automatically and unconditionally released and discharged, without any further action required on the part of the Trustee or any Holder,
upon: 
 (1) the unconditional release of such Restricted Subsidiary from its liability in respect of the Indebtedness in
connection with which such Subsidiary Guarantee was executed and delivered pursuant to Section 4.10 hereof; 
 (2) any
sale or other disposition (by merger or otherwise) to any Person which is not a Restricted Subsidiary of the Parent Guarantor of all of the Capital Stock of, or all or substantially all of the assets of, such Restricted Subsidiary; provided
that (a) such sale or disposition of such Capital Stock or assets is otherwise in compliance with the terms of this Indenture and (b) such assumption, guarantee or other liability of such Restricted Subsidiary has been released by the
holders of the other Indebtedness so guaranteed; or 
 (3) the Issuer exercises its rights described under Article 8 or all
the obligations under this Indenture are discharged in accordance with Article 11. 

  
 -61- 

 ARTICLE 11. 

SATISFACTION AND DISCHARGE 
  

	Section 11.01	Satisfaction and Discharge. 

 This Indenture will be discharged and will cease to be of
further effect as to all Notes issued hereunder, when: 
 (1) either: 

(a) all Notes that have been authenticated (except lost, stolen or destroyed Notes that have been replaced or paid and Notes
for whose payment money has theretofore been deposited in trust and thereafter repaid to the Issuer) have been delivered to the Trustee for cancellation; or 

(b) all Notes that have not been delivered to the Trustee for cancellation have become due and payable by reason of the making
of a notice of redemption or otherwise or will become due and payable within one year and the Issuer or any 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 euros, non-callable European Government Obligations, or a combination thereof, in such amounts as will be sufficient without consideration of any reinvestment of interest, in the opinion of a nationally recognized investment bank, appraisal
firm or firm of independent accountants (in the case of European Government Obligations) to pay and discharge the entire Indebtedness on the Notes not delivered to the Trustee for cancellation for principal, premium and additional interest, if any,
and accrued interest to the date of maturity or redemption; 
 (2) no Default or Event of Default has occurred and is
continuing on the date of such deposit or will occur as a result of such deposit or shall occur as a result of such deposit and such deposit will not result in a breach or violation of, or constitute a Default under, any other instrument to which
the Issuer or any Guarantor is a party or by which the Issuer or any Guarantor is bound; 
 (3) the Issuer or any Guarantor
has paid or caused to be paid all sums payable by it under this Indenture; and 
 (4) the Issuer has delivered irrevocable
instructions to the Trustee (or the Paying Agent, as appropriate) under this Indenture to apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as the case may be. 

In addition, the Issuer must deliver an Officer’s Certificate and Opinion of Counsel to the Trustee stating that all conditions precedent
to satisfaction and discharge have been satisfied. 
 Notwithstanding the satisfaction and discharge of this Indenture, if money has been
deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section 11.01, the provisions of Sections 8.06 and 11.02 will survive. In addition, nothing in this Section 11.01 will be deemed to discharge those
provisions of Section 7.07 hereof, that, by their terms, survive the satisfaction and discharge of this Indenture. 
  

	Section 11.02	Application of Trust Money. 

 Subject to the provisions of Section 8.06 hereof, all
money deposited with the Trustee pursuant to Section 11.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent
(including the Issuer or one of its Subsidiaries 

  
 -62- 

 
acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium and Additional Interest, if any) and interest for whose payment such
money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 

If the Trustee or Paying Agent is unable to apply any money or European Government Obligations in accordance with Section 11.01 by reason
of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s and any Guarantor’s obligations under this Indenture and
the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01; provided that if the Issuer has made any payment of principal of, premium or interest on any Notes because of 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 or European Government Obligations held by the Trustee or Paying Agent. 

ARTICLE 12. 
 MISCELLANEOUS 

 

	Section 12.01	[Reserved]. 

  

	Section 12.02	Notices. 

 Any notice or communication by the Issuer, the Guarantors, the Trustee,
the Registrar, Paying Agent or Authentication Agent 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), facsimile transmission or overnight air courier
guaranteeing next day delivery, to the others’ address: 
 If to the Issuer or the Guarantors: 

c/o Esterline Technologies Corporation 

500 108th Avenue NE, Suite 1500 

Bellevue, Washington 98004 

Facsimile: (425) 453-2916 

Attention: Chief Financial Officer 

With a copy to: 
 Perkins Coie
LLP 
 1201 Third Avenue, Suite 4900 

Seattle, Washington 98101 

Facsimile: (206) 359-9000 

Attention: Andrew Bor, Esq. 
 If
to the Trustee: 
 Wells Fargo Bank, National Association 

333 S. Grand Avenue, 5th Floor, Suite 5A 

Los Angeles, CA 
 MAC: E2064-05A

 Telecopier No.: (213) 253-7598 

Attention: Corporate, Municipal and Escrow Services 

If to the Registrar, Paying Agent or Authentication Agent: 

Société Générale Bank & Trust 

11 Avenue Emile Reuter 
 L-2420
Luxembourg 
 Facsimile: +352-241-575 

Attention: Antoine Anckly 

  
 -63- 

 Each of the Issuer and the Guarantors, or the Trustee, Registrar, Paying Agent or Authentication
Agent by notice to the others may designate additional or different addresses for subsequent notices or communications. 
 All notices and
communications (other than those sent to Holders) will be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back,
if telexed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 

Any notice or communication to a Holder will be mailed by first class mail, certified or registered, return receipt requested, or by overnight
air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Failure to mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee
receives it. 
 If the Issuer mails a notice or communication to Holders, it will mail a copy to the Trustee and each Agent at the same
time. 
 In addition, so long as any of the Notes are listed on the Official List of the Irish Stock Exchange and the rules of such stock
exchange so require, notices will be published in a leading newspaper having a general circulation in Ireland (which is expected to be The Irish Times) or, to the extent and in the manner permitted by such rules, posted on the official
website of the Irish Stock Exchange (www.ise.ie). In the case of Definitive Notes, all notices to Holders will be validly given if mailed to them at their respective addresses in the Register of such Notes, if any, maintained by the
Registrar. Each such notice shall be deemed to have been given on the date of such publication or, if published more than once on different dates, on the first date on which publication is made; provided that, if notices are mailed, such
notice shall be deemed to have been given on the later of such publication and the seventh day after being so mailed. For so long as any Notes are represented by Global Notes, all notices to Holders will be delivered to Euroclear and Clearstream.

  

	Section 12.03	[Reserved]. 

  

	Section 12.04	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: 

(1) an Officer’s Certificate in form and substance reasonably satisfactory to the Trustee (which must include the
statements set forth in Section 12.05 hereof) 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; and 

(2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which must include the statements set
forth in Section 12.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

  
 -64- 

	Section 12.05	Statements Required in Certificate or Opinion. 

 Each certificate or opinion with respect
to compliance with a condition or covenant provided for in this Indenture must include: 
 (1) a statement that the Person
making such certificate or opinion has read such covenant or condition; 
 (2) 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; 

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

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

 

	Section 12.06	Rules by Trustee and Agents. 

 The Trustee may make reasonable rules for action by or at
a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 
  

	Section 12.07	No Personal Liability of Directors, Officers, Employees and Stockholders. 

No past, present or future director, officer, employee, incorporator or stockholder of the Issuer or the Parent Guarantor or any of the
Subsidiary Guarantors, or Permitted Holders, as such, will have any liability for any obligations of the Issuer or the Parent Guarantor or the Subsidiary Guarantors, under the Notes, the Guarantees, 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. The waiver may not be effective
to waive liabilities under the United States federal securities laws and under the laws of England and Wales. 
  

	Section 12.08	Governing Law. 

 THIS INDENTURE, THE NOTES AND THE GUARANTEES WILL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

 

	Section 12.09	Submission to Jurisdiction; Appointment of Agent for Service. 

 To the fullest extent
permitted by applicable law, each of the Issuer and the Guarantors not organized under the laws of the United States of America, if any, irrevocably submits to the non-exclusive jurisdiction of and venue in any federal or state court in the Borough
of Manhattan in the City of New York, County and State of New York, United States of America, in any suit or proceeding based on or arising out of or under or in connection with this Indenture, the Notes and the Subsidiary Guarantees, if applicable,
and irrevocably agrees that all claims in respect of such suit or proceeding may be determined in any such court. Each of the Issuer and each such Guarantor, to the fullest extent permitted by applicable law, irrevocably and fully waives the defense
of an inconvenient forum to the maintenance of such suit or proceeding and each of the Issuer and each such Guarantor acknowledges that it has, by separate written instrument, (i) irrevocably designated and the Parent Guarantor (the
“Authorized Agent”) (and any successor entity) as its authorized agent upon whom process may be served in any such suit or proceeding, (ii) irrevocably authorized and directed the Authorized Agent to accept such service and
(iii) agreed that service of process upon the Authorized Agent and written notice of said service to it mailed by first class mail or 

  
 -65- 

 
delivered to the Authorized Agent shall be deemed in every respect effective service of process upon them in any such suit or proceeding. If the Authorized Agent ceases to exist, the Issuer and
each such Guarantor agree (i) to irrevocably designate and appoint such other U.S. process agent (the “Replacement Agent”) as its authorized agent upon whom process may be served in any such suit or proceeding, (ii) to
irrevocably authorized and direct the Replacement Agent to accept such service and (iii) that service of process upon the Replacement Agent and written notice of said service to it mailed by first class mail or delivered to the Replacement
Agent shall be deemed in every respect effective service of process upon them in any such suit or proceeding. Nothing herein shall affect the right of any person to serve process in any other manner permitted by law. Each of the Issuer and each such
Guarantor agrees that a final action in any such suit or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other lawful manner. 

Each of the Issuer and each such Guarantor hereby irrevocably waives, to the extent permitted by law, any immunity to jurisdiction to which it
may otherwise be entitled (including, without limitation, immunity to pre-judgment attachment, post-judgment attachment and execution) in any legal suit, action or proceeding against it arising out of or based on this Indenture, the Notes or the
transactions contemplated hereby. 
 The provisions of this Section 12.09 are intended to be effective upon the execution of this
Indenture and the Notes without any further action by the Issuer or any Guarantor or the Trustee and the introduction of a true copy of this Indenture into evidence shall be conclusive and final evidence as to such matters. 

 

	Section 12.10	No Adverse Interpretation of Other Agreements. 

 This Indenture may not be used to
interpret any other indenture, loan or debt agreement of the Issuer, the Parent Guarantor or its Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

 

	Section 12.11	Successors. 

 All agreements of the Issuer in this Indenture and the Notes will bind its
successors. All agreements of the Trustee in this Indenture will bind its successors. All agreements of a Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 10.05. 

 

	Section 12.12	Severability. 

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

	Section 12.13	Counterpart Originals. 

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

	Section 12.14	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 will in no way modify or restrict any of the terms or
provisions hereof. 
  

	Section 12.15	Waiver of Jury Trial. 

 EACH OF THE ISSUER, THE 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 NOTES, THE GUARANTEES OR THE TRANSACTION CONTEMPLATED HEREBY. 

  
 -66- 

	Section 12.16	Force Majeure. 

 In no event shall the Trustee 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, strikes, work stoppages, accidents, acts of war or terrorism, civil or military
disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services resulting from such forces; it being understood that the Trustee shall
use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
  

	Section 12.17	Prescription. 

 Claims against the Issuer or any Guarantor for the payment of principal
or Additional Amounts, if any, on the Notes will be prescribed ten years after the applicable due date for payment thereof. Claims against the Issuer or any Guarantor for the payment of interest on the Notes will be prescribed five years after the
applicable due date for payment of interest. 
  

	Section 12.18	Compliance with European Sanctions and International Embargoes. 

 (a) Neither the Issuer,
the Guarantors nor their respective subsidiaries, nor to the knowledge of the Issuer or the Guarantor, any employee, officer, director or affiliate of the Issuer or the Guarantors are currently the subject of any sanctions administered by the U.S.
Department of Treasury’s Office of Foreign Assets Control (OFAC) or any other relevant U.S. authority or any similar sanctions imposed by the European Union, any member state of the European Union, United Nations Security Council or HM Treasury
(collectively, “Economic Sanctions”); and the Issuer will not directly or indirectly use the proceeds of the issue of Notes, or lend, contribute or otherwise make available such proceeds to any subsidiaries, joint venture partners
or any other person or entity, for the purpose of financing, directly or indirectly, any activities in or involving any country or territory, or with or involving any person or entity, that is the subject of any Economic Sanctions. 

(b) In the event that the Issuer or any Guarantor is no longer able to make the representation contained in paragraph (a) of this
Section 12.18, this shall not constitute a breach of this Indenture but the Paying Agent shall have the right to immediately resign from the present Indenture, without incurring any liability. 

 

	Section 12.19	U.S.A. Patriot Act. 

 The Issuer and the Guarantors acknowledge that in accordance with
Section 326 of the U.S.A. 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 with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of
the U.S.A. PATRIOT Act. 
 [Signatures on following page] 

  
 -67- 

 SIGNATURES 

Dated as of April 8, 2015 
  

					
	TA MFG LIMITED
		
	By:		  

			Name:		Robert D. George
			Title:		Director
	
	GUARANTORS
	
	ESTERLINE TECHNOLOGIES CORPORATION
		
	By:		  

			Name:		Robert D. George
			Title:		Chief Financial Officer, Vice President &
					Corporate Development
	
	ADVANCED INPUT DEVICES, INC.
	ANGUS ELECTRONICS CO.
	ARMTEC COUNTERMEASURES CO.
	ARMTEC COUNTERMEASURES TNO CO.
	ARMTEC DEFENSE PRODUCTS CO.
	AVISTA, INCORPORATED
	BVR TECHNOLOGIES CO.
	CMC ELECTRONICS AURORA LLC
	ECLIPSE ELECTRONIC SYSTEMS, INC.
	ESTERLINE INTERNATIONAL COMPANY
	 ESTERLINE SENSORS SERVICES

AMERICAS, INC.

	ESTERLINE US LLC
	HYTEK FINISHES CO.
	JANCO CORPORATION
	JOSLYN SUNBANK COMPANY, LLC
	KIRKHILL-TA CO.
	KORRY ELECTRONICS CO.
	LEACH HOLDING CORPORATION
	LEACH INTERNATIONAL CORPORATION
	LEACH TECHNOLOGY GROUP, INC.
	MASON ELECTRIC CO.
	MC TECH CO.
	 MEMTRON TECHNOLOGIES CO.
 NMC GROUP,
INC.

	NORWICH AERO PRODUCTS, INC.
	PACIFIC AEROSPACE & ELECTRONICS, INC.
	PALOMAR PRODUCTS, INC.
	SOURIAU USA, INC.

  
 -68- 

 
					
	SUNBANK FAMILY OF COMPANIES, LLC
		
	By:		  

			Name:		Robert D. George
			Title:		Vice President
	
	ESTERLINE EUROPE COMPANY LLC
	ESTERLINE TECHNOLOGIES SGIP LLC
		
	By:		Esterline Technologies Corporation, its Sole Manager
		
	By:		  

			Name:		Robert D. George
			Title:		Chief Financial Officer, Vice President & Corporate Development
	
	ESTERLINE TECHNOLOGIES DENMARK ApS
		
	By:		  

			Name:		Robert D. George
			Title:		Member of Management Board
	
	ESTERLINE TECHNOLOGIES HOLDINGS LIMITED
		
	By:		  

			Name:		Robert D. George
			Title:		Director
	
	LEACH INTERNATIONAL MEXICO, S DE R.L. DE C.V.
		
	By:		  

			Name:		Robert D. George
			Title:		First Vice President

  
 -69- 

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION as Trustee
		
	By:		  

			Name:		Maddy Hall
			Title:		Vice President
	
	SOCIÉTÉ GÉNÉRALE BANK & TRUST as Registrar, Transfer Agent, Paying Agent and Authenticating Agent
		
	By:		  

			Name:		Benoit Willers
			Title:		Head of Custody and Issuer Services

  
 -70- 

 EXHIBIT A 

[Face of Note] 
 [Insert the
Global Note Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend,
if applicable pursuant to the provisions of the Indenture] 
 [Insert the Original Issue Discount Legend, if applicable
pursuant to the provisions of the Indenture] 
  
  

 
 ISIN: [—]1 
 Common Code: [—]2 
 3.625% Senior Notes due 2023 

 

			
	No.            		€[         ]

 TA MFG LIMITED, a private limited company incorporated under the laws of England and Wales, promises to pay to
[        ] or its registered assigns, the principal sum of €[        ] on April 15, 2023 or such greater or lesser amount as may be indicated in
Schedule A hereto. 
 Interest Payment Dates: April 15 and October 15 

Record Dates: April 1 and October 1 

Additional provisions of this Note are set forth on the other side of this Note. 

 

	1 	144A ISIN: XS1212671793 

	    Regulation	S ISIN: XS1212668062 

	2 	144A Common Code: 121267179 

	    Regulation	S Common Code: 121266806 

  
 A-1 

 Dated: [—] 

 

			
	TA MFG LIMITED
	
	For and on behalf of
	TA Mfg Limited
	
	  

	By:		Robert D. George
	Title:		Director

  
 A-2 

			
	This is one of the Notes referred to
	in the within-mentioned Indenture:
	
	Dated: [—]
	
	 SOCIÉTÉ GÉNÉRALE BANK & TRUST

as Authenticating Agent

		
	By:		  

			Name:
			Title:

  
 A-3 

 [Reverse of Note] 

3.625% Senior Notes due 2023 

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

(1) INTEREST. TA Mfg Limited, a private limited company incorporated under the laws of England and Wales (the
“Issuer”), promises to pay interest on the principal amount of this Note at 3.625% per annum from April 8, 2015 until maturity. The Issuer will pay interest semi-annually in arrears on April 15 and October 15 of
each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment of interest, and if this Note is authenticated between a Record Date referred to on the face hereof and the next succeeding
Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided, further, that the first Interest Payment Date shall be
[                    ]. The Issuer will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
principal and premium, if any, from time to time on demand at a rate that is 1% per annum in excess of the rate then in effect to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy
Law) on overdue installments of interest and (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day
months. 
 (2) METHOD OF PAYMENT. The Issuer will pay interest on the Notes to the Persons who are registered Holders at the close of
business on the April 1 or October 1 immediately preceding the Interest Payment Date, even if such Notes are canceled 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. The Notes will be payable as to principal, premium, if any, and interest at the office or agency of the Issuer maintained for such purpose as provided in the Indenture or, at the option of the Issuer,
payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds will be required with respect to principal of and
interest and premium, if any, on all Global Notes and all other Notes the Holders of which will have provided wire transfer instructions to the Issuer or the Paying Agent. Such payment will be in such coin or currency of the European Union as at the
time of payment is legal tender for payment of public and private debts. 
 (3) PAYING AGENT AND REGISTRAR. Initially,
Société Générale Bank & Trust will act as Paying Agent and Registrar. The Issuer may change any Paying Agent or Registrar without notice to any Holder. The Issuer or any of its Subsidiaries may act in any such
capacity. 
 (4) INDENTURE. The Issuer issued the Notes under an Indenture dated as of April 8, 2015 (the
“Indenture”) among the Issuer, Esterline Technologies Corporation (the “Parent Guarantor”), the other guarantors party thereto, the Trustee and Société Générale Bank & Trust. The
terms of the Notes include those stated in the Indenture, and Holders are referred to the Indenture for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the
Indenture shall govern and be controlling. The Notes are unsecured obligations of the Issuer. 
 (5) OPTIONAL REDEMPTION. At any time
prior to April 15, 2018, the Issuer may redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to the registered address of each holder of Notes or otherwise delivered in
accordance with the procedures of Euroclear and/or Clearstream, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest and additional interest, if
any, to the date of redemption (the “Redemption Date”), subject to the rights of the holders of record on the relevant record date to receive interest due on the relevant interest payment date. On or after April 15, 2018, the
Issuer may redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest and additional
interest, if any, thereon, to the applicable redemption date, if redeemed during the twelve-month period beginning on April 15 of the years indicated below: 
  

					
	 Year
	  	Redemption Price	 
	 2018
	  	 	102.719	% 
	 2019
	  	 	101.813	% 
	 2020
	  	 	100.906	% 
	 2021 and thereafter
	  	 	100.000	% 

  
 A-4 

 Notwithstanding the foregoing, at any time prior to April 15, 2018, the Issuer may redeem up
to 35% of the aggregate principal amount of Notes issued under the Indenture, at a redemption price of 103.625% of the principal amount thereof, plus accrued and unpaid interest and additional interest, if any, to the redemption date, with
the net cash proceeds of one or more Public Equity Offerings; provided that: 
 (1) at least 65% of the aggregate
principal amount of Notes originally issued under the Indenture remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Parent Guarantor and of its Subsidiaries); and 

(2) the redemption must occur within 60 days of the date of the closing of such Public Equity Offering. 

If any note is to be redeemed in part only, the notice of redemption that relates to that note shall state the portion of the principal amount
thereof to be redeemed. A new note in principal amount equal to the unredeemed portion of the original note will be issued in the name of the holder thereof upon cancellation of the original note. Notes called for redemption become due on the date
fixed for redemption. On and after the redemption date, interest ceases to accrue on Notes or portions of them called for redemption. Calculation of the Applicable Premium will be made by the Issuer or on behalf of the Issuer by such Person as the
Issuer shall designate; provided that such calculation or the correctness thereof shall not be a duty or obligation of the Trustee. 

(6) REDEMPTION FOR CHANGES IN TAXES. The Issuer may redeem the Notes, in whole but not in part, at its discretion at any time upon
giving not less than 30 nor more than 60 days’ prior notice to the Holders (which notice will be irrevocable and given in accordance with the procedures described in Section 3.03 of the Indenture), at a redemption price equal to 100%
of the aggregate principal amount thereof, together with accrued and unpaid interest, if any, to the date fixed by the Issuer for redemption (a “Tax Redemption Date”) and all Additional Amounts (if any) then due and which will
become due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders on the relevant Record Date to receive interest due on the relevant interest payment date and Additional Amounts (if any) in
respect thereof), if on the next date on which any amount would be payable in respect of the Notes, the Issuer is or would be required to pay Additional Amounts, and the Issuer cannot avoid any such payment obligation by taking reasonable measures
available, and the requirement arises as a result of: 
 (1) any amendment to, or change in, the laws (or any regulations or
rulings promulgated thereunder) of a relevant Tax Jurisdiction which change or amendment is announced and becomes effective on or after the Issue Date (or, if the applicable Tax Jurisdiction became a Tax Jurisdiction on a date after the Issue Date,
such later date); or 
 (2) any amendment to, or change in, an official written interpretation or application of such
laws, regulations or rulings (including by virtue of a holding, judgment or order by a court of competent jurisdiction) which amendment or change is announced and becomes effective on or after the Issue Date (or, if the applicable Tax Jurisdiction
became a Tax Jurisdiction on a date after the Issue Date, such later date). 
 The Issuer will not give any such notice of redemption
earlier than 60 days prior to the earliest date on which the Issuer would be obligated to make such payment or withholding if a payment in respect of the notes were then due, and the obligation to pay Additional Amounts must be in effect at the
time such notice is given. Prior to the publication or, where relevant, mailing of any notice of redemption of the Notes pursuant to the foregoing, the Issuer will deliver to the Trustee an opinion of independent tax counsel of recognized expertise
in the laws of the relevant jurisdiction and to the effect that there has been such amendment or change which would entitle the Issuer to redeem the notes hereunder. In addition, before the Issuer publishes or mails or sends notice of redemption of
the Notes as described above, it will deliver to the Trustee an Officer’s Certificate to the effect that it cannot avoid its obligation to pay Additional Amounts by the Issuer taking reasonable measures available to it. 

  
 A-5 

 Such Officer’s Certificate will also set forth a statement of facts showing that the
conditions precedent to the right of the Issuer to so redeem the Notes have been fulfilled. 
 The Trustee will accept and shall be entitled
to conclusively rely on such Officer’s Certificate and opinion as sufficient evidence of the existence and satisfaction of the conditions precedent as described above, in which event it will be conclusive and binding on the Holders. 

The Notes shall not be redeemable under this provision because the Notes have not been listed or fail to remain listed on the Irish Stock
Exchange, unless such failure is caused by a change in tax law under clause (1) or (2) above that otherwise could serve as a basis for redemption of the Notes under this provision and Section 3.09 of the Indenture. 

(7) MANDATORY REDEMPTION. The Issuer will not be required to make mandatory redemption or sinking fund payments with respect to the
Notes. 
 (8) OFFER TO REPURCHASE UPON CHANGE OF CONTROL. Upon the occurrence of a Change of Control, unless the Issuer has exercised
its right to redeem the Notes as described in Section 3.07 of the Indenture, the Issuer will make an offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (equal to €100,000 or an integral
multiple of €1,000 in excess thereof) of each Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon, if any, on the Notes repurchased, to the date of
repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control, the Issuer will (i) mail or send a notice to each Holder, with a copy to the Trustee and Paying Agent and (ii) if and so long as
the Notes are listed on the Irish Stock Exchange and the rules of such exchange so require, publish a notice of such Change of Control in a newspaper having general circulation in Ireland (which is expected to be The Irish Times) or, to the
extent and in the manner permitted by such rules, posted on the official website of the Irish Stock Exchange (www.ise.ie), in each case, describing the transaction or transactions that constitute the Change of Control and setting forth the
procedures governing the Change of Control Offer as required by the Indenture. 
 (9) NOTICE OF REDEMPTION. Notice of redemption
shall be given in accordance with Section 3.03 of the Indenture and with the effect of notice of redemption as set forth in Section 3.04 of the Indenture. 

(10) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in minimum denominations of
€100,000 and integral multiples of €1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to
furnish appropriate endorsements and transfer documents. The Registrar may not require a Holder to pay any taxes and fees, except as otherwise set forth in the Indenture. The Registrar need not exchange or register the transfer of any Note or
portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Registrar need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to
be redeemed or during the period between a Record Date and the corresponding Interest Payment Date. 
 (11) PERSONS DEEMED OWNERS.
The registered Holder of a Note may be treated as its owner for all purposes. 
 (12) AMENDMENT, SUPPLEMENT AND WAIVER. The
provisions of the Indenture governing amendment, supplement and waiver are set forth in Article 9 of the Indenture. 
 (13) DEFAULTS
AND REMEDIES. Events of Default and Remedies are set forth in Article 6 of the Indenture. 

  
 A-6 

 (14) TRUSTEE DEALINGS WITH ISSUER. The Trustee, in its individual or any other capacity,
may make loans to, accept deposits from and perform services for the Issuer or its Affiliates, and may otherwise deal with the Issuer or its Affiliates, as if it were not the Trustee. 

(15) NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator or shareholder of the Issuer or
any Guarantor, as such, will have any liability for any obligations of the Issuer or any Guarantor under the Notes, the 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 such liability. The waiver and release are part of the consideration for issuance of the Notes. 

(16) AUTHENTICATION. This Note will not be valid until authenticated by the manual signature of the Authenticating Agent. 

(17) 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). 

(18) ISIN NUMBERS AND COMMON CODES. The Issuer has caused ISIN numbers and Common Codes to be printed on the Notes and the Trustee (or
the Registrar, as appropriate) may use ISIN numbers and Common Codes in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of
redemption and reliance may be placed only on the other identification numbers placed thereon. 
 (19) GOVERNING LAW. THE INDENTURE,
THE NOTES AND THE GUARANTEES WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY. 

  
 A-7 

 The Issuer will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to: 
 TA Mfg Limited 

c/o Esterline Technologies Corporation 

500 108th Avenue, NE, Suite 1500 

Bellevue, Washington 98004 

  
 A-8 

 ASSIGNMENT FORM 

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

 
 (Insert assignee’s legal name)

  
  

 
 (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*:		  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-9 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.09 of the Indenture, check the box:   ̈ 
 If you want to elect to have only part of the Note purchased by the Issuer pursuant to
Section 4.09 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*:		  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-10 

 Schedule A 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	 Amount of decrease

in Principal Amount

of this Global Note
	  	 Amount of increase

in Principal Amount

of this Global Note
	  	 Principal Amount of

this Global Note
 following such

decrease or increase
	  	 Signature of

authorized officer of

Trustee or Custodian

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	*	This Schedule should be included only if the Note is issued in global form. 

  
 A-11 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 TA Mfg Limited

 c/o Esterline Technologies Corporation 
 500 108th Avenue,
NE, Suite 1500 
 Bellevue, Washington 98004 
 Wells Fargo
Bank, National Association 
 333 S. Grand Avenue, 5th Floor, Suite 5A 

Los Angeles, CA 
 MAC: E2064-05A 

Attention: Corporate, Municipal and Escrow Services 

Société Générale Bank & Trust 

11 Avenue Emile Reuter 
 L-2420 Luxembourg 

Facsimile: +352-241-575 
 Attention: Antoine Anckly 

Re: TA Mfg Limited Senior Notes 

 ̈ 3.625% Senior Notes due 2023 

Reference is hereby made to the Indenture, dated as of April 8, 2015 (the “Indenture”), among TA Mfg Limited, as Issuer,
the Guarantors, Wells Fargo Bank, National Association, as Trustee, and Société Générale Bank & Trust, as Paying Agent, Transfer Agent, Authenticating Agent and Registrar. Capitalized terms used but not defined
herein shall have the meanings given to them in the Indenture. 

                       
                 , (the “Transferor”) owns and proposes to transfer the Note[s] or beneficial interest in such Note[s] specified in Annex A hereto,
in the principal amount of €        (the “Transfer”), to
                                        (the
“Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: 

[CHECK ALL THAT APPLY] 
 1.  ̈ Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a Definitive Note Pursuant to Rule 144A. The Transfer is being effected pursuant to and in
accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Definitive Note is being
transferred to a Person that the Transferor reasonably believed and believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment
discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is in compliance with any applicable
blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on
transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Definitive Note and in the Indenture and under the U.S. Securities Act. 

2.  ̈ Check if Transferee will take delivery of a beneficial interest in the Regulation S
Global Note or a Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the U.S. Securities Act and, accordingly, the Transferor hereby further
certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was 

  
 B-1 

 
originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States
or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the
United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the U.S. Securities Act, (iii) the transaction is not part of a plan or
scheme to evade the registration requirements of the U.S. Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the 40-day “Distribution Compliance Period” under Regulation S, the transfer is not
being made to a U.S. Person or for the account or benefit of a U.S. Person (other than a “Distributor” as defined in Rule 902 of Regulation S) and the transferred beneficial interest will be held immediately after such Transfer through
Euroclear or Clearstream, Ireland. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on transfer enumerated in the
Private Placement Legend printed on the Regulation S Global Note and/or the Definitive Note and in the Indenture and under the U.S. Securities Act. 

3.  ̈ Check if Transferee will take delivery of a beneficial interest in an Unrestricted
Global Note or of an Unrestricted Definitive Note. 
 (a)  ̈ Check if
Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the U.S. Securities Act and in compliance with the transfer restrictions contained in the Indenture and any
applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the U.S. Securities
Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 
 (b)
 ̈ Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the U.S. Securities Act and in
compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend
are not required in order to maintain compliance with the U.S. Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject
to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 

(c)  ̈ Check if Transfer is Pursuant to an Effective Registration Statement. The
Transfer is being effected in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States pursuant to an effective registration statement under the U.S.
Securities Act and in compliance with the prospectus delivery requirements of the U.S. Securities Act. 
 (d)  ̈ Check if Transfer is Pursuant to Other Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the U.S. Securities
Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the U.S. Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the
transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 

4.  ̈ Check if Transfer is to the Issuer or any of its Subsidiaries. The transfer is
being effected in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States. 

  
 B-2 

 This certificate and the statements contained herein are made for your benefit and the benefit of
the Issuer. 

  
 B-3 

 
			
	  

	[Insert Name of Transferor]
		
	By:		  

			Name:
			Title:

  

			
	Dated:		  

  
 B-4 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

	 	1.	The Transferor owns and proposes to transfer the following: 

 [CHECK ONE OF (a) OR (b)]

  

	 	(a)	 ̈ a beneficial interest in the: 

  

	 	(i)	 ̈ 144A Global Note (144A ISIN: XS1212671793, 144A Common Code: 121267179), or 

  

	 	(ii)	 ̈ Regulation S Global Note (Regulation S ISIN: XS1212668062, Regulation S Common Code: 121266806) 

 

	 	(b)	 ̈ a Restricted Definitive Note. 

  

	 	2.	After the Transfer the Transferee will hold: 

 [CHECK ONE] 

 

	 	(a)	 ̈ a beneficial interest in the: 

  

	 	(i)	 ̈ 144A Global Note (144A ISIN: XS1212671793, 144A Common Code: 121267179), or 

  

	 	(ii)	 ̈ Regulation S Global Note (Regulation S ISIN: XS1212668062, Regulation S Common Code: 121266806), or 

 

	 	(iii)	 ̈ Unrestricted Global Note (144A ISIN: [—], 144A Common Code: [—]);
or 

  

	 	(b)	 ̈ a Restricted Definitive Note; or 

  

	 	(c)	 ̈ an Unrestricted Definitive Note, 

 in accordance with the
terms of the Indenture 

  
 B-5 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 TA Mfg Limited

 c/o Esterline Technologies Corporation 
 500 108th Avenue,
NE, Suite 1500 
 Bellevue, Washington 98004 
 Wells Fargo
Bank, National Association 
 333 S. Grand Avenue, 5th Floor, Suite 5A 

Los Angeles, CA 
 MAC: E2064-05A 

Attention: Corporate, Municipal and Escrow Services 

Re: TA Mfg Limited Senior Notes 

 ̈ 3.625% Senior Notes due 2023 

(144A Common Code: [                     ];
Regulation S Common Code: [                     ]; 

144A ISIN: [                     ];
Regulation S ISIN: [                     ]) 

Reference is hereby made to the Indenture, dated as of April 8, 2015 (the “Indenture”), among TA Mfg Limited, as Issuer,
the Guarantors, Wells Fargo Bank, National Association, as Trustee, and Société Générale Bank & Trust, as Paying Agent, Transfer Agent, Authenticating Agent and Registrar. Capitalized terms used but not defined
herein shall have the meanings given to them in the Indenture. 

                       
                 , (the “Owner”) owns and proposes to exchange the Note[s] or beneficial interest in such Note[s] specified herein, in the principal
amount of €         (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that: 

[CHECK ALL THAT APPLY] 
 (a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial
interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without
transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the U.S. Securities Act of 1933, as amended (the “U.S.
Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the U.S. Securities Act and (iv) the beneficial interest in an
Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(b)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to
Unrestricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note in an equal principal amount, the Owner hereby certifies (i) the
Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance
with the U.S. Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the U.S. Securities Act and (iv) the Unrestricted Definitive
Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

  
 C-1 

 (c)  ̈ Check if Exchange is from Restricted
Definitive Note to beneficial interest in an Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note in an equal principal amount, the Owner
hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes
and pursuant to and in accordance with the U.S. Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the U.S. Securities Act and
(iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(d)  ̈ Check if Exchange is from Restricted Definitive Note to Unrestricted Definitive
Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note in an equal principal amount, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the
Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the U.S. Securities Act,
(iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the U.S. Securities Act and (iv) the Unrestricted Definitive Note is being acquired in
compliance with any applicable blue sky securities laws of any state of the United States. 
 2. Exchange of Restricted Definitive
Notes or Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes. 

(a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to
Restricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note in an equal principal amount, the Owner hereby certifies that the Restricted
Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the
restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and under the U.S. Securities Act. 

(b)  ̈ Check if Exchange is from Restricted Definitive Note to beneficial interest in a
Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE]  ̈ 144A Global Note,  ̈ Regulation S Global Note, in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such
Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the U.S. Securities Act, and in compliance with any applicable blue sky securities laws of any
state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed
on the relevant Restricted Global Note and in the Indenture and under the U.S. Securities Act. 

  
 C-2 

 This certificate and the statements contained herein are made for your benefit and the benefit of
the Issuer. 
  

			
	  

	[Insert Name of Transferor]
		
	By:		  

			Name:
			Title:

 Dated: 

  
 C-3 

 EXHIBIT D 

FORM OF NOTATION OF GUARANTEE 

For value received, the Guarantors (which term includes any successor Person under the Indenture) have unconditionally guaranteed, to the
extent set forth in the Indenture and subject to the provisions in the Indenture, dated as of April 8, 2015 (the “Indenture”), among TA Mfg Limited, a private limited company organized under the laws of England and Wales (the
“Issuer”), Esterline Technologies Corporation (the “Parent Guarantor”), each subsidiary guarantor from time to time party thereto (together with the Parent Guarantor, a “Guarantor” and,
collectively, the “Guarantors”), Wells Fargo Bank, National Association, as trustee (the “Trustee”), and Société Générale , as paying agent, transfer agent, authenticating agent and
registrar, (a) the due and punctual payment of the principal of, premium and additional interest, if any, Additional Amounts, if any, and interest on the Notes (as defined in the Indenture), whether at maturity, by acceleration, redemption or
otherwise, the due and punctual payment of interest on overdue principal of and interest on the Notes, if any, if lawful, and the due and punctual performance of all other obligations of the Issuer to the Holders or the Trustee all in accordance
with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same will be promptly 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. The obligations of each Guarantor to the Holders of Notes and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article 10 of
the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. [This Guarantee shall be automatically and unconditionally released and discharged, without any further action required on the part of the Trustee or
any Holder, upon the occurrence of either of the events set forth in Section 10.05 of the Indenture.]3 

 

			
	[GUARANTOR]
		
	By:		  

			Name:
			Title:

  

	3 	To be included in Subsidiary Guarantee only. 

  
 D-1 

 EXHIBIT E 

[FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY SUBSEQUENT SUBSIDIARY GUARANTORS] 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
                    , 20    , among
                                        (the
“Guaranteeing Subsidiary”), a subsidiary of Esterline Technologies Corporation (or its permitted successor), a Delaware corporation (the “Parent Guarantor”), TA Mfg Limited, a private limited company organized under
the laws of England and Wales (the “Issuer”), the Parent Guarantor and Wells Fargo Bank, National Association, as trustee under the Indenture referred to below (the “Trustee”) and Société
Générale Bank & Trust, as Paying Agent, Transfer Agent, Authenticating Agent and Registrar. 
 WHEREAS, the Issuer
has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of April 8, 2015 providing for the issuance of 3.625% Senior Notes due 2023 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Subsidiary
Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 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 Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 
 2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to provide an unconditional
Guarantee on the terms and subject to the conditions set forth in the Guarantee and in the Indenture including but not limited to Article 10 thereof. 

3. No Recourse Against Others. No past, present or future director, officer, employee, incorporator, stockholder or
agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuer or any Guaranteeing Subsidiary under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not
be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy. 

4. New York Law to Govern. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS
SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

5. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. 
 6. Effect of Headings. The Section headings herein
are for convenience only and shall not affect the construction hereof. 

  
 E-1 

 7. The Trustee. The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Parent Guarantor and the
Issuer. 
 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the
date first above written. 
 Dated:             , 20     

 

			
	[GUARANTEEING SUBSIDIARY]
		
	By:		  

			Name:
			Title:
	
	TA MFG LIMITED
		
	By:		  

			Name:
			Title:
	
	ESTERLINE TECHNOLOGIES CORPORATION
		
	By:		  

			Name:
			Title:
	
	[EXISTING SUBSIDIARY GUARANTORS]
		
	By:		  

			Name:
			Title:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION as Trustee
		
	By:		  

			Authorized Signatory

  
 E-2EX-10.1

 Exhibit 10.1 
  

			
	

		EXECUTIVE EMPLOYMENT CONTRACT

 THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of May 1,
2015 (the “Effective Date”) by and between Potbelly Corporation, a Delaware corporation (hereinafter referred to as “Company”), and Michael Coyne, an individual (hereinafter referred to as “Executive”). 

Statement of Purpose 

WHEREAS, Company wishes to employ Executive as its Senior Vice President and Chief Financial Officer; and 

WHEREAS, the Executive desires to accept such employment on the terms and conditions set forth below; and 

WHEREAS, Company and Executive desire to definitively set forth their agreement with respect to Executive’s employment; and 

WHEREAS, Potbelly Illinois, Inc. and Potbelly Sandwich Works, LLC are direct or indirect subsidiaries of the Company; 

NOW, THEREFORE, in consideration of the Statement of Purpose, the terms and provisions of this Contract and other good and valuable
consideration, the parties hereto mutually consent, covenant, represent, warrant, and agree as follows: 
 1. Term, Employment and
Duties. 
 (a) Term. The initial term of employment of Executive pursuant to this Agreement shall commence on the Effective Date
and shall terminate on the date the Executive’s employment with Company and its affiliates terminates for any reason (“Termination Date”). Executive shall at all times be an at-will employee and nothing in this Agreement shall
constitute or be evidence of any agreement or understanding, express or implied, that Executive has a right to continue to be employed by Company for any period of time or any specific rate of compensation. 

(b) Title and Duties. Effective as of the Effective Date, Company hereby agrees to employ Executive, and Executive agrees to accept
employment, as Company’s Senior Vice President and Chief Financial Officer. Executive shall also have the commensurate titles and positions with such subsidiaries of affiliates of Company as determined by Company and shall serve in such
positions without additional compensation. Executive shall have the duties, responsibilities and authority customary for his positions and shall perform such other duties consistent with such positions as may be assigned to Executive, from time to
time, by Company.  
 (c) Performance of Duties. Executive shall devote Executive’s full business time, energy, loyalty,
and ability exclusively to the business, affairs, and interests of Company and its affiliates, and shall use Executive’s best efforts and abilities to promote the interests of Company and its affiliates and to perform the services contemplated
by this Agreement and agrees that he will perform his duties faithfully and efficiently subject to the directions of the CEO. Without the prior approval of the Company’s CEO or the executive to whom he reports, Executive shall not, during the
Term, directly or indirectly, render any other employment or consulting activities or services, including as a director, to any other person, firm, corporation, or other entity; provided, however, that, to the extent that the following activities do
not conflict with or detract from the performance by Executive of Executive’s duties, Executive may act as a director of, and may also engage in activities involving, charitable, educational, religious, and similar types of organizations, and
similar types of activities. 

  
 1 

 EXECUTIVE EMPLOYMENT AGREEMENT

  

 (d) Confidentiality, Non-Competition, Non-Interference and Intellectual Property. The
Company’s offer of employment set forth in this Contract is made upon the express condition that Executive executes and delivers that certain Executive Confidentiality and Non-Compete Agreement. In addition, the Company is entering into
this Contract with Executive and will employ Executive on the express condition that Executive does not use or disclose to the Company any confidential or proprietary information or trade secrets belonging to anyone with whom Executive previously
worked, and with the understanding that Executive’s employment with the Company will not violate or be restricted by any non-competition or other agreement with anyone else. 

2. Termination of Employment. 

(a) Termination Date. Executive’s Termination Date shall occur upon termination by Company for any reason or no reason or by
Executive for any reason or no reason, including any of the following: (i) Executive’s death; (ii) Executive being disabled by reason of physical and mental infirmity or both, thereby rendering Executive unable to satisfactorily
perform Executive’s duties under this Agreement (a “Disability”), said Disability to be determined in good faith by the CEO in consultation with no fewer than two (2) accredited physicians selected by the CEO and reasonably
approved by Executive in the event that Disability is disputed; (iii) termination of Executive’s employment by Company with or without Cause (as defined below) or (iv) Executive’s resignation with or without Good Reason (as
defined below). Executive’s Termination Date shall be considered to be on account of a “Qualifying Termination” if the Termination Date occurs due to (1) termination by Company without Cause, or (2) termination by Executive
with Good Reason.  
 (b) Cause. The term “Cause” as used in this Agreement shall mean an act, action, or series of
acts or actions, or omission or series of omissions, by Executive which constitute or result in: (i) intentional misrepresentation of material information by Executive in Executive’s relations with Company; (ii) Executive’s
indictment (or its equivalent) for the commission of a crime by Executive that constitutes a felony; (iii) commission of an act involving moral turpitude; (iv) the material breach or material default by Executive of any of Executive’s
written agreements with Company or obligations under any material provision of this Agreement or any written policy of Company (that remains unremedied within thirty (30) days after notice to Executive); (v) the commission of fraud or
embezzlement on the part of Executive; (vi) failure to comply with any lawful written direction of Company’s Board of Directors (the “Board”) (that, if capable of cure without damage to Company, remains unremedied within thirty
(30) days after notice to Executive); or (vii) willful action taken for the purpose of harming Company or any of its affiliates. For purposes of clause (vii) of this Paragraph 2(b), no act or failure to act, on the part of Executive,
shall be considered “willful” unless it is done or omitted to be done, by Executive in bad faith and without reasonable belief that Executive’s action or omission was in the best interest of Company. An act, or failure to act, based
upon authority given pursuant to a resolution duly adopted by the Board shall be conclusively presumed to be done, or omitted to be done, by Executive in good faith and in the best interest of Company. 

(c) Good Reason. The term “Good Reason” as used in this Agreement means the occurrence, without Executive’s consent, of
(i) a material reduction in either Executive’s rate of Base Salary (as defined in Paragraph 3(a)) or Executive’s target or maximum bonus percentage (other than a reduction which does not exceed the percentage reduction of an across
the board salary or bonus reductions (target, actual or maximum) for management employees); (ii) any material reduction in the position, authority, or office of Executive with respect to Company, or in Executive’s responsibilities or
duties for Company; (iii) any action or inaction by Company that constitutes a material breach of the terms of this Agreement; or (iv) any relocation of Executive’s principal place of work with Company to a place more than fifty
(50) miles from Company’s headquarters at the Effective Date; provided, however, that any such occurrence under clauses (i) – (v) above shall constitute Good Reason only if (1) Executive provides notice to Company
within thirty (30) days after the occurrence, (2) Company fails to cure such occurrence within thirty (30) days after receipt of notice from Executive, and (3) Executive terminates employment within thirty (30) days
following expiration of the cure period. 
 3. Compensation and Benefits During Employment. 

(a) Base Salary. During the term of Executive’s employment hereunder, Company shall pay to Executive a base salary at an annual
rate of $375,000.00 (the “Base Salary”). The Base Salary may be increased from time to time at the recommendation of the CEO and approved by the Compensation Committee of the Board (the “Compensation Committee”). 

  
 2 

 EXECUTIVE EMPLOYMENT AGREEMENT

  

 (b) Annual Bonus. Executive shall be eligible for a discretionary “Annual
Bonus” in accordance with the Company’s Named Executive Officers Incentive Plan as in effect on the Effective Date at a target rate of 60% of his Base Salary. Executive’s bonus shall be paid in a single lump sum cash payment not later
than June 15 following the conclusion of the calendar year in which such bonus is earned, provided, however, that if the annual audit for such calendar year has not been issued by Company’s outside auditors by said June 15, then
payment shall be made within thirty (30) days following the issuance of such audit, but in no event shall payment be made later than the end of the calendar year following the calendar year in which such bonus is earned. 

(c) Time Off. During the Term, Executive shall be entitled to vacation consistent with Company practice and policy for executive-level
employees, but not less than four (4) weeks per year. In addition, Executive shall be entitled to those paid holidays granted to Company employees while Executive is employed. 

(d) Executive Benefits/Perquisites. Executive shall be entitled to such other benefits, including health insurance, dental, 401(k), and
other benefits and perquisites in such form and in such manner and at such times as Company shall from time to time adopt and establish for its executive-level employees generally. Executive shall be subject to eligibility and other requirements of
applicable benefit plans. 
 (e) Expenses. Company shall pay or reimburse Executive for all reasonable business expenses
actually incurred or paid by Executive during the Term in the performance of Executive’s duties and responsibilities under this Agreement, subject to and in accordance with applicable expense reimbursement policies as in effect from time to
time.  
 (f) Equity Awards. Executive shall be entitled to annual equity grants, if any, as determined by the Compensation
Committee.  
 4. Payments and Benefits on Termination of Employment. 

(a) Termination for any Reason. If Executive’s Termination Date occurs for any reason, Company shall pay or provide to Executive
(i) Executive’s Base Salary for the period ending on the Termination Date; (ii) Executive’s earned but unpaid Annual Bonus for any bonus year ending prior to the bonus year during which the Termination Date occurs;
(iii) reimbursement of Executive’s incurred but unreimbursed business expenses for periods prior to Executive’s Termination Date; and (iv) any other payments or benefits to be provided to Executive by Company pursuant to any
employee benefit plans or arrangements of Company or required by applicable law, to the extent such amounts are due from Company. Executive will be entitled to any other benefits in accordance with the terms of the applicable benefit plan or
program. Unless Executive’s Termination Date occurs as a result of a Qualifying Termination, all stock options outstanding on Executive’s Termination Date shall remain exercisable for ninety (90) days following the Termination Date or
for such longer or shorter period specified under the stock option agreement evidencing such stock option but in no event after the expiration of the stock option term. 

(b) Qualifying Termination—Non-Change in Control. If Executive’s Termination Date occurs by reason of a Qualifying Termination
and if the Release Requirements (as defined Paragraph 4(e)) are satisfied as of the sixtieth (60th) day following the Termination Date (which sixtieth (60th) day shall be referred to as the “Payment Date”), then, in addition to the payments and benefits to which Executive is entitled under Paragraph 4(a), Executive will be entitled to the
following payments and benefits: 
 (i) Company shall pay Executive a cash severance payment in a gross amount equal
to twelve (12) months of Executive’s Base Salary (determined as of the Termination Date without regard to any reduction thereof under circumstances which constitute Good Reason) (the “Severance Payment”). Any Severance Payment to
which Executive is entitled under this Paragraph 4(b)(i) will commence on the first regular payroll date after the Payment Date and shall continue to be paid in substantially equal payroll by payroll period installments for a period of twelve
(12) months thereafter. 

  
 3 

 EXECUTIVE EMPLOYMENT AGREEMENT

  

 (ii) If Executive is entitled to and elects continuation coverage under
Company’s group health plans pursuant to “COBRA” (“COBRA Coverage”), Company shall continue to pay on behalf of Executive and his eligible dependents the same level of employer contribution that is provided by Company for
corresponding coverage for similarly-situated active employees for the lesser of (1) twelve (12) months following Executive’s Termination Date or (2) the date on which COBRA Coverage terminates by its terms (the
“Post-Termination Coverage Benefit”). Company shall have no obligations under this Paragraph 4(b)(ii) if the Post-Termination Coverage Benefit would subject Company or any of its affiliates to tax penalties or materially increase the cost
to Company and its affiliates of providing group medical coverage to employees generally. For the period commencing on Executive’s Termination Date and ending on the Payment Date, the COBRA Coverage shall be provided at Executive’s expense
and, if the Release Requirements are satisfied on the Payment Date, Executive shall be entitled to a lump sum payment in an amount equal to the Post-Termination Coverage Benefit that would have been provided to Executive for the period beginning on
the Termination Date and ending on the Payment Date, which lump sum payment shall be made on the Payment Date or the next scheduled payroll date. 
 If the
Release Requirements are not satisfied on the Payment Date, Executive shall not be entitled to any payments or benefits under this Paragraph 4(b). 

(c) Qualifying Termination—Change in Control. If Executive’s Termination Date occurs by reason of a Qualifying Termination on
or within two (2) years following a Change in Control (as defined below), then, in addition to the payments and benefits to which Executive is entitled under Paragraph 4(a), Executive will be entitled to the following payments and benefits
(which shall not be subject to satisfaction of the Release Requirements): 
 (i) Company shall pay Executive the Severance
Benefit in accordance with the provisions of Paragraph 4(b)(i). 
 (ii) If Executive is entitled to and elects COBRA
Coverage, Company shall provide Executive with the Post-Termination Coverage Benefit in accordance with the provisions of Paragraph 4(b)(ii). 

(iii) Company shall pay Executive a cash payment equal to the amount of the Annual Bonus that Executive would have received for
the bonus year in which the Termination Date occurs had his Termination Date not occurred, based on actual Company performance and pro rated for the portion of the bonus year completed prior to the Termination Date, payable at the same time as the
annual bonus is paid to similarly situated active executive employees in accordance with the terms of the applicable bonus plan of the Company. 
 For
purposes of this Agreement, the term “Change in Control” shall mean, a “Change in Control” as defined in the Potbelly Corporation 2012 Long-Term Incentive Plan. 

(d) Company Property. Upon Executive’s Termination Date, Executive will promptly return to Company all the documents
and/or property of or relating to Company or any of its affiliates within Executive’s possession or control. 
 (e) Release
Requirements. For purposes of this Agreement, the “Release Requirements” shall be satisfied as of any date if, as of such date, Executive (or, for purposes of Paragraph 4(f), the legal representative of Executive’s estate) has
signed a form of general release and waiver satisfactory to Company and Executive if prior to death (the “Release”) and the Release has become effective in accordance with applicable law (including that the Release has not revoked and the
revocation period applicable under applicable law has expired). 
 (f) Termination by Reason of Death or Disability. If
Executive’s Termination Date occurs by reason of death or Disability and the Release Requirements are satisfied (which, in the case of death shall be satisfied by the legal representative of Executive’s estate), then, in addition to the
payments and benefits to which Executive is entitled under Paragraph 4(a), Company shall pay to Executive or the legal representative of 

  
 4 

 EXECUTIVE EMPLOYMENT AGREEMENT

  

 
his estate, as applicable, a cash payment equal to the amount of the Annual Bonus that Executive would have received for the bonus year in which the Termination Date occurs had his Termination
Date not occurred, based on actual Company performance and pro-rated for the portion of the bonus year completed prior to the Termination Date, payable at the same time as the annual bonus is paid to similarly-situated active executive employees in
accordance with the terms of the applicable bonus plan of Company. 
 5. Mitigation and Set-Off. Executive shall not be required to
mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. Company shall not be entitled to set off against the amounts payable to Executive under this Agreement any amounts earned by Executive in
other employment after termination of his employment with Company or any amounts which might have been earned by Executive in other employment had he sought such other employment; provided, however that Company shall be entitled to set off against
the amounts payable to Executive under this Agreement any amounts owed to Company by Executive. 
 6. Reimbursements. To the extent
that any reimbursements under this Agreement are taxable to Executive, such reimbursements shall be paid to Executive only if (a) to the extent not specified herein, the expenses are incurred and reimbursable pursuant to a reimbursement plan
that provides an objectively determinable nondiscretionary definition of the expenses that are eligible for reimbursement and (b) the expenses are incurred during the Term. With respect to any expenses that are reimbursable pursuant to the
preceding sentence, the amount of the expenses that are eligible for reimbursement during one calendar year may not affect the amount of reimbursements to be provided in any subsequent calendar year, the reimbursement of an eligible expense shall be
made no later than the last day of the calendar year following the calendar year in which the expense was incurred, and the right to reimbursement of the expenses shall not be subject to liquidation or exchange for any other benefit. 

7. Notices. Notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or
sent by registered or certified mail, return receipt requested, postage prepaid, or sent by facsimile or prepaid overnight courier to the parties at the addresses set forth below (or such other addresses as shall be specified by the parties by like
notice). Communications that are to be delivered by the U.S. mail or by overnight service are to be delivered to the addresses set forth below: 

to Company: 
 Potbelly Corporation

 222 Merchandise Mart Plaza Suite 2300 

Chicago, Illinois 60654 

Attention: General Counsel 
 or to
Executive, to Executive’s home address as reflected in Company’s records. 
 Each party, by notice furnished to the other party, may modify the
applicable delivery address, except that notice of change of address shall be effective only upon receipt. 
 8. Non-Waiver. No
waiver by either party or any breach by the other party of any provision hereof shall be deemed to be a waiver of any later or other breach thereof or as a waiver of any such or other provision of this Agreement. 

9. Governing Law and Choice of Forum. The construction, validity, and enforceability of this Agreement shall be governed by the laws of
the State of Illinois, as that law applies to contracts made, and to be wholly performed, in the State of Illinois. 
 10. Binding
Effect. This Agreement shall be binding upon and inure to the benefit of Company, Executive, and Executive’s personal representatives, beneficiaries, heirs, and successors. Company will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that Company would be required to
perform it if no such succession has taken place. 

  
 5 

 EXECUTIVE EMPLOYMENT AGREEMENT

  

 11. Severability. If any provision of this Agreement or any part thereof be held
invalid or unenforceable, the same shall not affect or impair any other provision of this Agreement or any part thereof, and the invalidity or unenforceability of any provision of this Agreement shall not have any effect on or otherwise impair or
limit the other obligations of Company or Executive. 
 12. Counterparts. This Agreement may be executed in duplicate counterparts,
each of which shall be deemed an original hereof. 
 13. Disputes. Except as set forth in this Paragraph 13, any dispute, claim or
difference arising between Company and Executive (each a “Party,” and jointly, the “Parties”), including any dispute, claim or difference arising out of this Agreement, will be settled exclusively by binding arbitration in
accordance with the rules of the Judicial Arbitration and Mediation Services, Inc. (“JAMS”). The arbitration will be held Chicago, Illinois unless the Parties mutually agree otherwise. Nothing contained in this Paragraph 13 will be
construed to limit or preclude a Party from bringing any action in any court of competent jurisdiction for injunctive or other provisional relief to compel another party to comply with its obligations under this Agreement or any other agreement
between or among the Parties during the pendency of the arbitration proceedings. Each Party shall bear its own costs and fees of the arbitration, and the fees and expenses of the arbitrator will be borne equally by the Parties, provided, however, if
the arbitrator determines that any Party has acted in bad faith, the arbitrator shall have the discretion to require any one or more of the Parties to bear all or any portion of fees and expenses of the Parties and/or the fees and expenses of the
arbitrator; provided, further that, with respect to claims that, but for this mandatory arbitration clause, could be brought against Company under any applicable federal or state labor or employment law (“Employment Law”), the arbitrator
shall be granted and shall be required to exercise all discretion belonging to a court of competent jurisdiction under such Employment Law to decide the dispute, whether such discretion relates to the provision of discovery, the award of any
remedies or penalties, or otherwise and provided further that Company may be required to pay filing or administrative fees in the event that requiring Executive to pay such fees would render this Paragraph 13 unenforceable under applicable law. As
to claims not relating to Employment Laws, the arbitrator shall have the authority to award any remedy or relief that a Court of the State of Illinois could order or grant. The decision and award of the arbitrator shall be in writing and copies
thereof shall be delivered to each Party. The decision and award of the arbitrator shall be binding on all Parties. In rendering such decision and award, the arbitrator shall not add to, subtract from or otherwise modify the provisions of this
Agreement. Either Party to the arbitration may seek to have the award of the arbitrator entered in any court having jurisdiction thereof. All aspects of the arbitration shall be considered confidential and shall not be disseminated by any Party with
the exception of the ability and opportunity to prosecute its claim or assert its defense to any such claim. The arbitrator shall, upon request of either Party, issue all prescriptive orders as may be required to enforce and maintain this covenant
of confidentiality during the course of the arbitration and after the conclusion of same so that the result and underlying data, information, materials and other evidence are forever withheld from public dissemination with the exception of its
subpoena by a court of competent jurisdiction in an unrelated proceeding brought by a third party. 
 14. Assignment and Survival.
This Agreement is personal to Executive and shall not be assignable by Executive. This Agreement may be assigned by Company only to a successor-in interest to all or substantially all of the business operations of Company or any of its affiliates.
The rights and obligations of the parties to this Agreement shall survive its termination or expiration of this Agreement to the extent that any performance is required under this Agreement after the termination or expiration of the Agreement. 

15. No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their
mutual intent, and no rule of strict construction will be used against any person. 
 16. Indemnification. If Executive (or his heirs,
executors or administrators) is made a party or is threatened to be made a party to, or is involved in, any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact
that Executive is or was a director or officer of Company or is or was serving at the request of Company as a director or officer of another 

  
 6 

 EXECUTIVE EMPLOYMENT AGREEMENT

  

 
corporation, partnership, joint venture, trust or other enterprise, Executive (and his heirs, executors or administrators) shall be indemnified and held harmless by Company to the fullest extent
permitted by Delaware Law. To the fullest extent authorized by Delaware Law, the right to indemnification conferred in this Paragraph 16 shall also include the right to be paid by Company the expenses incurred in connection with any such proceeding
in advance of its final disposition upon delivery to Company of an undertaking by or on behalf of Executive to repay such amount if it shall ultimately be determined that Executive is not entitled to be indemnified. Company’s obligations under
this Paragraph 16 shall survive the termination or expiration of this Agreement for any reason. 
 17. Withholding. All payments and
benefits under this Agreement are subject to withholding of all applicable taxes. 
 18. Special Section 409A Rules. It is
intended that this Agreement will comply with section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), to the extent applicable, and this Agreement shall be interpreted and construed on a basis consistent with such
intent. Notwithstanding any other provision of this Agreement to the contrary, if any payment or benefit hereunder is subject to section 409A of the Code, and if such payment or benefit is to be paid or provided on account of Executive’s
Termination Date (or other separation from service or termination of employment): 
 (a) and if Executive is a specified employee (within the
meaning of section 409A(a)(2)(B) of the Code) and if any such payment or benefit is required to be made or provided prior to the earlier of (i) the first (1st) day of the seventh (7th) month following Executive’s separation from service or (ii) the date of Executive’s death (the “Section 409A Payment Date”), such payment or benefit shall be delayed
until the Section 409A Payment Date; and 
 (b) the determination as to whether Executive has had a termination of employment (or
separation from service) shall be made in accordance with the provisions of section 409A of the Code and the guidance issued thereunder without application of any alternative levels of reductions of bona fide services permitted thereunder. 

For purposes of section 409A of the Code, any installment payment or benefit under this Agreement shall be treated as a separate payment. If this Paragraph 18
applies to any payment or benefit hereunder, any such payments or benefits that would otherwise have been paid or provided to Executive between Executive’s Termination Date and the Section 409A Payment Date, shall be paid in a lump sum on
the Section 409A Payment Date. 
 19. Entire Agreement. This Agreement, together with Executive Confidentiality and Non-Compete
Agreement in effect on the Effective Date, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes and cancels all prior or contemporaneous oral or written agreements and understandings between
them with respect to the subject matter hereof, except as otherwise specifically stated in this Agreement, including the Prior Agreement; provided, however, that nothing in this Agreement shall supersede the provisions of the Stock Terms Agreement
which was included as Exhibit C to the Prior Agreement. This Agreement may not be changed or modified orally but only by an instrument in writing signed by the parties hereto, which instrument states that it is an amendment to this Agreement. 

[signature page follows] 

  
 7 

 EXECUTIVE EMPLOYMENT AGREEMENT

  

 IN WITNESS WHEREOF, intending to be legally bound, Company and Executive have executed this
agreement as of the date set forth below. 
  

							
	Dated as of April 3, 2015						POTBELLY CORPORATION
							 /s/ Aylwin Lewis

				
							By: Aylwin Lewis
				
							Its: President and Chief Executive Officer
				
							EXECUTIVE:
							 /s/ Michael Coyne

				
							Michael Coyne

  
 8

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