Document:

Management Stockholders' Agreement, dated as of March 7, 2011

 Exhibit 10.2 
 EXECUTION VERSION 
 MANAGEMENT STOCKHOLDERS’ AGREEMENT 

by and among 

Chinos Holdings, Inc., 
 Chinos Intermediate Holdings A, Inc., 
 Chinos Intermediate Holdings B, Inc.,

 Chinos Acquisition Corporation, 
 and 
 the Principal Investors, the MD Investors and Managers Named Herein

 Dated as of March 7, 2011 

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	Page	 
			
	1.	  	EFFECTIVENESS; DEFINITIONS	  	 	2	  
				
		  	1.1.	  	Closing	  	 	2	  
				
		  	1.2.	  	Definitions	  	 	2	  
			
	2.	  	VOTING AGREEMENT	  	 	2	  
				
		  	2.1.	  	Election of Directors	  	 	2	  
				
		  	2.2.	  	Significant Transactions	  	 	2	  
				
		  	2.3.	  	Consent to Amendment	  	 	2	  
				
		  	2.4.	  	Grant of Proxy	  	 	2	  
				
		  	2.5.	  	The Company	  	 	3	  
				
		  	2.6.	  	Actions by Written Consent	  	 	3	  
				
		  	2.7.	  	Termination of Governance Provisions	  	 	3	  
			
	3.	  	TRANSFER RESTRICTIONS	  	 	3	  
				
		  	3.1.	  	Limitations on Transfer	  	 	3	  
				
		  	3.2.	  	Permitted Transferees	  	 	4	  
				
		  	3.3.	  	Rights and Obligations of Transferees	  	 	4	  
				
		  	3.4.	  	Transfers Pursuant to Section 5	  	 	4	  
				
		  	3.5.	  	Transfers of Options	  	 	5	  
				
		  	3.6.	  	Manager Lock-Up	  	 	5	  
				
		  	3.7.	  	Period	  	 	5	  
			
	4.	  	“ROFO”, “TAG ALONG” AND “DRAG ALONG” RIGHTS	  	 	5	  
				
		  	4.1.	  	Right of First Offer	  	 	5	  
				
		  	4.2.	  	Tag-Along	  	 	7	  
				
		  	4.3.	  	Drag-Along	  	 	8	  
				
		  	4.4.	  	Miscellaneous	  	 	10	  
				
		  	4.5.	  	Period	  	 	12	  
			
	5.	  	OPTIONS TO PURCHASE AND SELL SHARES	  	 	12	  
				
		  	5.1.	  	Call Options	  	 	12	  
				
		  	5.2.	  	Closing	  	 	14	  
				
		  		  		  			

									
		  	5.3.	  	Majority Principal Investors Call Option	  	 	16	  
				
		  	5.4.	  	Acknowledgment	  	 	16	  
				
		  	5.5.	  	Call Period	  	 	16	  
			
	6.	  	PREEMPTIVE RIGHTS	  	 	17	  
				
		  	6.1.	  	Preemptive Rights	  	 	17	  
				
		  	6.2.	  	Termination of Preemptive Rights	  	 	19	  
			
	7.	  	REMEDIES	  	 	19	  
				
		  	7.1.	  	Generally	  	 	19	  
				
		  	7.2.	  	Deposit	  	 	19	  
			
	8.	  	LEGENDS	  	 	20	  
				
		  	8.1.	  	Restrictive Legend	  	 	20	  
				
		  	8.2.	  	1933 Act Legends	  	 	20	  
				
		  	8.3.	  	Stop Transfer Instruction	  	 	20	  
				
		  	8.4.	  	Termination of 1933 Act Legend	  	 	20	  
			
	9.	  	AMENDMENT, TERMINATION, ETC.	  	 	21	  
				
		  	9.1.	  	Oral Modifications, Waiver	  	 	21	  
				
		  	9.2.	  	Written Modifications	  	 	21	  
				
		  	9.3.	  	Effect of Termination	  	 	21	  
			
	10.	  	DEFINITIONS	  	 	21	  
				
		  	10.1.	  	Certain Matters of Construction	  	 	21	  
				
		  	10.2.	  	Definitions	  	 	22	  
			
	11.	  	CONFIDENTIALITY; RESTRICTIVE COVENANT AGREEMENT	  	 	30	  
				
		  	11.1.	  	Nondisclosure; Return of Documents; Ownership of Work	  	 	30	  
				
		  	11.2.	  	Non-Competition and Non-Solicitation	  	 	30	  
			
	12.	  	MISCELLANEOUS	  	 	31	  
				
		  	12.1.	  	Authority; Effect	  	 	31	  
				
		  	12.2.	  	Notices	  	 	31	  
				
		  	12.3.	  	Binding Effect, Etc.	  	 	33	  
				
		  	12.4.	  	Counterparts	  	 	33	  
				
		  	12.5.	  	Severability	  	 	33	  
				
		  	12.6.	  	No Recourse	  	 	34	  

									
		  	12.7.	  	Merger with J. Crew	  	 	34	  
				
		  	12.8.	  	Waiver by Stockholders	  	 	34	  
				
		  	12.9.	  	J. Crew Liability	  	 	35	  
			
	13.	  	GOVERNING LAW	  	 	35	  
				
		  	13.1.	  	Governing Law	  	 	35	  
				
		  	13.2.	  	Jurisdiction	  	 	35	  
				
		  	13.3.	  	WAIVER OF JURY TRIAL	  	 	35	  
				
		  	13.4.	  	Exercise of Rights and Remedies	  	 	36	  

 MANAGEMENT STOCKHOLDERS’ AGREEMENT 

This Management Stockholders’ Agreement (this “Agreement”) is made as of March 7, 2011 by and among:

  

	 	(i)	Chinos Holdings, Inc., a Delaware corporation (the “Company”); 

 

	 	(ii)	Chinos Acquisition Corporation, a Delaware corporation (including its successor upon consummation of the Merger (as defined below) “J. Crew”);

  

	 	(iii)	Chinos Intermediate Holdings A, Inc. (“Intermediate A”); 

  

	 	(iv)	Chinos Intermediate Holdings B, Inc. (“Intermediate B”, and together with Intermediate A, “Intermediate Holdings”);

  

	 	(v)	TPG and LGP (each as defined below) (collectively, the “Principal Investors”); 

 

	 	(vi)	the MD Investors (as defined below); and 

  

	 	(vii)	such other Persons who from time to time become party hereto by executing a counterpart signature page hereof and are designated by the Board of Directors as
“Managers” (together with their Permitted Transferees, the “Managers”). 

 Recitals

 1. Chinos Acquisition Corporation, an indirect wholly-owned subsidiary of the Company, the Company and J. Crew Group,
Inc. have entered into an Agreement and Plan of Merger, dated as of November 23, 2010 and as amended by Amendment No. 1 to the Agreement and Plan of Merger dated January 18, 2011, (the “Merger Agreement”) pursuant to
which Chinos Acquisition Corporation will merge with and into J. Crew Group, Inc. (the “Merger”); 
 2. After
the Closing (as defined in the Merger Agreement), the Company will indirectly hold through Intermediate Holdings one hundred percent (100%) of the issued and outstanding common stock of J. Crew; 

3. Each Rollover Manager (as defined below) has, in connection with the Merger, (i) purchased or otherwise acquired shares of the
Company’s Common Stock, in exchange for cash or shares of J. Crew common stock that were outstanding prior to the Merger or (ii) acquired Options in exchange for options entitling the holder to acquire shares of common stock of J. Crew
that were outstanding prior to the Merger; 
 4. Each Manager has been and/or may hereafter be granted Options pursuant to the
Company’s equity incentive plan or may otherwise purchase or acquire shares of Common Stock; 
 5. As a condition to the
issuance of any shares of Common Stock and Options by the Company to any Person who is (or would be designated by the Board of Directors as) a Manager 

  
 1 

 
hereunder, to the extent that such Person is not already a party to this Agreement as a Manager hereunder, such Person shall execute this Agreement as a Manager hereunder; and 

6. The parties believe that it is in the best interests of the Company and the Managers to set forth their agreements on certain matters
and to have this Agreement apply to all Company Shares. 
 Agreement 

Therefore, the parties hereto hereby agree as follows: 
 1. EFFECTIVENESS; DEFINITIONS. 
 1.1. Closing. This
Agreement will become effective upon consummation of the Closing (as defined in the Merger Agreement). 
 1.2.
Definitions. Certain terms are used in this Agreement as specifically defined herein. These definitions are set forth or referred to in Section 10.1 hereof. 
 2. VOTING AGREEMENT. 
 2.1. Election of Directors. Each
Manager hereby agrees to cast all votes to which such Manager is entitled in respect of such Manager’s Company Shares, whether at any annual or special meeting, by written consent or otherwise, (a) to fix the number of members of the board
of directors of the Company (the “Board of Directors”) at such number as may be specified from time to time by TPG and (b) to elect as members of the Board of Directors such individuals as have been nominated from time to time
by the Majority Principal Investors. 
 2.2. Significant Transactions. Each Manager agrees to cast all
votes to which such Manager is entitled in respect of the Company Shares, whether at any annual or special meeting, by written consent or otherwise, in the same proportion as Investor Shares are voted by the Principal Investors to approve any sale,
recapitalization, merger, consolidation, reorganization or any other transaction or series of transactions involving the Company or its subsidiaries (or all or any portion of their respective assets) in connection with, or in furtherance of, the
exercise by the Majority Principal Investors of their rights under Section 4.3. 
 2.3. Consent to
Amendment. Each Manager agrees to cast all votes to which such Manager is entitled in respect of such Manager’s Company Shares, whether at any annual or special meeting, by written consent or otherwise, in the same proportion as Investor
Shares are voted by the Majority Principal Investors to increase the number of authorized shares of Common Stock to the extent necessary to permit the Company to comply with the provisions of its Certificate of Incorporation or any agreement to
which the Company is a party. 
 2.4. Grant of Proxy. Each Manager hereby grants to each Principal
Investor an irrevocable proxy coupled with an interest to vote his, her or its Company Shares in 

  
 2 

 
accordance with his, her or its agreements contained in this Section 2, which proxy will be valid and remain in effect until the termination of this Section 2 in accordance with its
terms. 
 2.5. The Company. The Company agrees not to give effect to any action by any Manager or any
other Person which is in contravention of this Section 2. 
 2.6. Actions by Written Consent. The
Certificate of Incorporation and the by-laws of the Company shall provide that any action required or permitted to be taken at any meeting of stockholders of the Company may be taken by written consent of the requisite stockholders of the Company
without a meeting and without prior notice. The by-laws of the Company shall provide that any action required or permitted to be taken at any meeting of the Board of Directors may be taken without a meeting if all the directors consent thereto in
writing. Any such written consents shall be filed with the minutes of proceedings of the Board of Directors. 

2.7. Termination of Governance Provisions. The provisions of this Section 2 shall terminate and be of no
further force (i) upon the unanimous written consent of the Principal Investors or (ii) other than Section 2.1 (solely with respect to the obligations to vote for director nominees) and Section 2.4, upon the consummation of an
Initial Public Offering of the Company. 
 3. TRANSFER RESTRICTIONS. 

3.1. Limitations on Transfer. 
 3.1.1. No Manager may Transfer any or all of its Company Shares except (i) in accordance with Section 3.2 (Permitted Transferees), (ii) after complying with Sections 4.1 (Right of First
Offer) and 4.2 (Tag-Along Rights) and, if such Transfer is prior to an Initial Public Offering, with TPG’s prior written consent, (iii) in a transaction pursuant to Section 4.3 (Drag-Along Rights), (iv) as a Tagging Stockholder
in a transaction pursuant to Section 4.2 (Tag-Along Rights) or (v) in a transaction pursuant to Section 5 (Options to Purchase and Sell Shares). 
 3.1.2. Notwithstanding the foregoing, in no event shall any Manager or holders of Company Shares originally issued to a Manager be entitled to Transfer its Company Shares without the prior written consent
of the Majority Principal Investors, (i) to any Person (other than an Affiliate) that is actively engaged in the retail, mail order or internet specialty apparel or accessories business and any other business the Company or its subsidiaries is
then engaged, in each case, in any geographic area in which the Company or any of its direct or indirect subsidiaries are engaged in such business or businesses or (ii) to any Person of which the stockholder is aware (directly or indirectly)
(a) holds an ownership interest in any such competitor equal to five percent (5%) or more, (b) has invested $5,000,000 or more in such competitor or (c) has designated, or has the right to designate, a member of the board of
directors of any such competitor, except in each case, in or following the Initial Public Offering and the expiration of any applicable lockup period, in any bona fide underwritten public offering or in any Rule 144 Sale. In addition, and
notwithstanding any provision of this Agreement to the contrary, no 

  
 3 

 
Stockholder shall be entitled to Transfer its Company Shares at any time if such Transfer would: 
 (a) violate the Securities Act, or any state (or other jurisdiction) securities or “Blue Sky” laws applicable to the Company or the Company Shares; 

(b) cause the Company to be required to register Common Stock under Section 12(g) of the Exchange Act; 

(c) cause the Company to become subject to the registration requirements of the U.S. Investment Company Act of 1940, as
amended from time to time; or 
 (d) be a “prohibited transaction” under ERISA or the Code or cause
all or any portion of the assets of the Company to constitute “plan assets” under ERISA or Section 4975 of the Code. 
 3.1.3. In the event of a purported Transfer by a Stockholder of any Company Shares in violation of the provisions of this Agreement, such purported Transfer will be void and of no effect, and the Company
will not give effect to such Transfer. 
 3.2. Permitted Transferees. Subject to the provisions of the
second sentence of Section 3.1.2, any Manager or Permitted Transferee of a Manager may Transfer any or all of its Company Shares to a Permitted Transferee of the Manager to whom such Company Shares were originally issued; provided that
if Company Shares are transferred to a Permitted Transferee that is not a natural person and such Permitted Transferee subsequently ceases to be an Affiliate of the Manager to whom such Company Shares were originally issued, then such Permitted
Transferee shall, and such Manager shall cause such Permitted Transferee to, Transfer back to such Manager (or to another Permitted Transferee of such Manager) any Company Shares it owns. 

3.3. Rights and Obligations of Transferees. Any Transfer of Company Shares held by a Manager, which Transfer is
otherwise in compliance herewith, shall be permitted hereunder only if the transferee of such Company Shares agrees in writing that it shall, upon such Transfer, assume with respect to such Company Shares the rights and obligations under this
Agreement relating to Company Shares held by Managers and that such Permitted Transferee shall be bound by, and shall be a party to, this Agreement as the holder of such Company Shares and as a “Manager” hereunder; provided,
however, that (x) any Manager that Transfers Company Shares to a Permitted Transferee shall use its reasonable best efforts to cause such Permitted Transferee to perform all of such Manager’s obligations hereunder with respect to
the Transferred Company Shares and (y) this Section 3.3 shall not apply to (i) Transfers of Company Shares to a Stockholder that is already a party to this Agreement, (ii) Transfers pursuant to a registered public offering or
(iii) Transfers pursuant to Section 4.2 or Section 4.3; provided, further that no Transferee (other than any Permitted Transferee of the applicable Manager) shall acquire any of the rights of the applicable transferor
provided in Section 4.2 or Section 6 hereof by reason of such Transfer. 
 3.4. Transfers Pursuant
to Section 5. Any Company Shares Transferred to the Company pursuant to this Agreement (in accordance with Section 5 or otherwise) will 

  
 4 

 
conclusively be deemed thereafter not to be Company Shares under this Agreement and not to be subject to any of the provisions hereof or entitled to the benefit of any of the provisions hereof;
provided, that Company Shares Transferred to any Principal Investor pursuant to Section 5.3 shall thereafter become Investor Shares hereunder. 
 3.5. Transfers of Options. Any Transfer of Options by a Manager or Permitted Transferee that has become a party hereto will be governed by and subject to the terms and conditions of the applicable
equity incentive plan and applicable award agreement. 
 3.6. Manager Lock-Up. In connection with each
underwritten Public Offering each Manager agrees to become bound by and to execute and deliver such lock-up agreement with the underwriter(s) of such Public Offering restricting such Manager’s right to (a) Transfer, directly or indirectly,
any Company Shares or any securities convertible into or exercisable or exchangeable for such Company Shares or (b) enter into any swap or other arrangement that transfers to another any of the economic consequences of ownership of Company
Shares, as is entered into by any participating Principal Investor with the underwriter(s) of such Public Offering; provided, however, that no Manager may be required by this Section 3.6 to be bound by a lock-up agreement covering
a period beginning more than seven (7) days prior to or ending (x) one hundred eighty (180) with respect to Common Stock issued in respect of Options, Warrants or Convertible Securities held by such Manager, or (y) ninety
(90) days (one hundred eighty (180) days in the case of an IPO) with respect to any other Company Shares held by such Manager, in each case following the effectiveness of the related registration statement plus such additional period of up
to 17 days as may be required by the underwriters to satisfy FINRA regulations and permit the managing underwriters’ analysts to publish research updates, which period shall in no event be longer than any such period included in any lock-up
agreement to which any other Manager is subject. Notwithstanding the foregoing, such lock-up agreement shall not apply to (i) transactions relating to shares of Company Shares or other securities acquired in open market transactions after the
completion of the Initial Public Offering (or other Public Offering, as applicable), (ii) Transfers to Permitted Transferees of such Manager in accordance with the terms of this Agreement and (iii) conversions of shares of Company Shares
into other classes of Company Shares without change of holder. 
 3.7. Period. The foregoing provisions of
this Section 3 (other than Sections 3.1.2, 3.3 and 3.6) will terminate and be of further force and effect upon an Initial Public Offering. 
 4. “ROFO”, “TAG ALONG” AND “DRAG ALONG” RIGHTS. 
 4.1. Right of First Offer. (a) If any Manager desires to Transfer all or any portion of its Company Shares in a transaction to which this Section 4.1 applies (any such Manager, a
“ROFO Stockholder”), then each Principal Investor and MD Investor (each, a “ROFO Offeree”) shall have a right of first offer over such Company Shares, which shall be exercised in the following manner: 

4.1.1. The ROFO Stockholder shall provide the ROFO Offerees with written notice (a “ROFO Notice”) of its
desire to Transfer such Company Shares. The ROFO Notice shall specify the number and class of Company Shares the ROFO Stockholder 

  
 5 

 
wishes to Transfer, the proposed purchase price per share (which purchase price shall be in cash or cash equivalents only) for each such class of Company Shares and any other terms and conditions
material to the sale proposed by the ROFO Stockholder. 
 4.1.2. The ROFO Offerees shall have a period of up to
ten (10) Business Days following receipt of the ROFO Notice (the “ROFO Election Period”), to elect to purchase (or to cause one or more of their Affiliates to purchase), in the aggregate, all, but not less than all, of such
Company Shares on the terms and conditions set forth in the ROFO Notice by delivering to the ROFO Stockholder written notice thereof (such electing ROFO Offeree, a “ROFO Purchaser”). In the event that the aggregate number of Company
Shares of an applicable class that the ROFO Purchasers have elected to purchase exceeds the aggregate number of Company Shares of such class subject to the ROFO Notice, the number of Company Shares shall be sold to the ROFO Purchasers as follows:

 (a) there shall be first allocated to each ROFO Purchaser a number of Company Shares of each applicable
class equal to the lesser of (A) the number of Company Shares of such class elected to be purchased by such ROFO Purchaser and (B) a number of Company Shares of such class equal to such ROFO Purchaser’s Pro Rata Portion; and

 (b) the balance, if any, of Company Shares of each applicable class not allocated pursuant to clause
(1) above shall be allocated to those ROFO Purchasers which offered to purchase a number of Company Shares of the applicable class in excess of such ROFO Purchasers’ respective Pro Rata Portions in proportion, as nearly as practicable, to
the respective number of Company Shares of the applicable class which each ROFO Purchaser offered to purchase. 

(c) If the ROFO Offerees elect to purchase (or to cause one or more of their Affiliates to purchase) all of the Company
Shares which are the subject of the proposed Transfer within the ROFO Election Period, such purchase shall be consummated within thirty (30) days after the date on which each such ROFO Offeree notifies the ROFO Stockholder of such election
(subject to extension if necessary to permit the expiration or early termination of the HSR Waiting Period). Subject to Section 4.2, if the ROFO Offerees do not elect to purchase all of the Company Shares within the ROFO Election Period, the
ROFO Stockholder may Transfer all of the Company Shares of each class specified in the ROFO Notice at any time within one hundred and twenty (120) days following such period at a price which is not less than the purchase price specified in the
ROFO Notice and on terms and conditions no more favorable, in any material respect, to the purchaser than those specified in the ROFO Notice, and thereafter the ROFO Stockholder may not Transfer any such Company Shares without first following the
procedures set forth in this Section 4.1. 
 4.1.3. In connection with the Transfer of all or any portion of
a ROFO Stockholder’s Company Shares pursuant to this Section 4.1 to one or more ROFO Offerees, the ROFO Stockholder shall only be required to represent and warrant as to its 

  
 6 

 
authority to sell, the enforceability of agreements against the ROFO Stockholder, that the Company Shares to be transferred shall be free and clear of any liens, claims or encumbrances (other
than restrictions imposed by this Agreement and pursuant to applicable federal, state and foreign securities laws), that it is the record and beneficial owner of such Company Shares and that it has obtained or made all necessary consents, approvals,
filings and notices from governmental authorities or third parties to consummate the Transfer. 
 4.1.4. The
provisions of this Section 4.1 shall not apply to Transfers of Company Shares (i) to Permitted Transferees in accordance with Section 3.2 (Permitted Transferees); (ii) pursuant to, or consequent upon the exercise of the
drag-along rights set forth in Section 4.3 (Drag-Along Rights); (iii) consequent upon the exercise of the tag-along rights set forth in Section 4.2 (Tag-Along Rights); (iv) pursuant to Section 5 (Options to Purchase and Sell
Shares) or (v) pursuant to a registered public offering. 
 4.2. Tag-Along. Subject to the provisions
of Section 4.1, if and to the extent applicable, a Stockholder proposes to Transfer (a “Transferring Stockholder”) any or all of its Company Shares, other than (i) pursuant to Section 3.2, (ii) to a Stockholder
pursuant to a contractual right providing such Stockholder a right of first offer, (iii) Transfers pursuant to a registered public offering, (iv) pursuant to or consequent upon the exercise of the drag-along rights set forth in
Section 4.3 or drag-along rights or tag-along rights set forth in any other shareholders agreement entered into by the Principal Investors and MD Investors, (v) Transfers by a Principal Investor of less than 20% of any class of Investor
Shares then held by a Principal Investor or (vi) pursuant to Section 5 (a “Proposed Transfer”), each Manager that exercises its rights under this Section 4.2 (a “Tagging Stockholder”), shall have the
right to Transfer its Pro Rata Portion of the same class of Company Shares to the proposed Transferee (a “Proposed Transferee”) on the same terms and conditions as those proposed by the Transferring Stockholder. 

4.2.1. The Transferring Stockholder shall promptly give written notice (a “Tag-Along Notice”) to each
Manager of a Proposed Transfer, setting forth the number and class of Company Shares proposed to be Transferred, the name of the Transferring Stockholder, the name and address of the Proposed Transferee, the proposed per share purchase price (or
amount) and form of consideration for each such class of Company Shares and any other material terms and conditions of the Proposed Transfer. Each Manager shall have a period of fifteen (15) Business Days from the date of the Tag-Along Notice
within which to elect to sell up to its Pro Rata Portion of each class of Company Shares in connection with such Proposed Transfer. Any Manager may exercise such right by delivery of an irrevocable written notice to the Transferring Stockholder
specifying the number of Company Shares of each applicable class (which shall be not more than its Pro Rata Portion) it desires to include in the Proposed Transfer; provided that if the Proposed Transfer involves shares of multiple classes,
each Tagging Stockholder must include Company Shares in the same proportions as are being sold by the Transferring Stockholder. If the Proposed Transferee fails to purchase all Company Shares proposed to be Transferred by the Transferring
Stockholder, other Company stockholders who exercise tag-along rights and participate in such Proposed Transfer and the Tagging Stockholders, then the number of Company Shares the Transferring

  
 7 

 
Stockholder and each Tagging Stockholder is permitted to sell in such Transfer shall be allocated among the Tagging Stockholders and the other Company stockholders who have exercised their
tag-along rights with respect to the Proposed Transfer in proportion, as nearly as practicable, to the respective number of the applicable class of Company Shares which each Tagging Stockholder properly requested to be included in the Proposed
Transfer. The Transferring Stockholder shall have a period of ninety (90) days following the expiration of the fifteen (15) Business Day period, to sell such Company Shares to the Proposed Transferee, on the payment terms specified in the
Tag-Along Notice, and thereafter the Transferring Stockholder may not Transfer any such Company Shares without first following the procedures set forth in this Section 4.2. 

4.2.2. Each Tagging Stockholder shall agree (i) to make the same representations, warranties, covenants, indemnities
and agreements to the Proposed Transferee as made by the Transferring Stockholder in connection with the Proposed Transfer (other than any non-competition, non-solicitation or similar non-financial related agreements or covenants that would bind
such Tagging Stockholder or its Affiliates without such Tagging Stockholder’s prior written consent), and (ii) to the same terms and conditions to the Transfer as the Transferring Stockholder agrees. Notwithstanding the foregoing, however,
all such representations, warranties, covenants, indemnities and agreements shall be made by each Tagging Stockholder and the Transferring Stockholder severally and not jointly, and, except with respect to individual representations, warranties,
covenants, indemnities and other agreements of the Tagging Stockholder as to the unencumbered title to its Company Shares and the power, authority and legal right to Transfer such Company Shares, any liability for breach of any such representations
and warranties or under any indemnities shall be allocated among each Tagging Stockholder, other Company stockholders who have exercised their tag-along rights with respect to such Proposed Transfer and the Transferring Stockholder pro
rata based on the relative sale price of the shares of Common Stock to be Transferred by each of them, and the aggregate amount of liability for each such Tagging Stockholder and the Transferring Stockholder shall not in any event exceed the
U.S. dollar value of the net proceeds received by such Tagging Stockholder or the Transferring Stockholder, respectively, from the Transferee. Any Transfer of Company Shares by a Tagging Stockholder pursuant to the terms hereof shall be at a per
share purchase price (or amount) specified in the Tag-Along Notice, and subject to Section 4.4.1, all Stockholders shall receive the same relative proportion of cash and Marketable Securities. 

4.3. Drag-Along. If TPG agrees at any time to Transfer, in any single or series of related transactions, at least
eighty percent (80%) of the aggregate Purchase Price Value of the Investor Shares then held by TPG and its Affiliates to a non-affiliated third party (a “Drag-Along Transfer” and such purchaser, the “Drag-Along
Buyer”) for cash and/or Marketable Securities, TPG may exercise drag-along rights with respect to all Managers in accordance with the terms, conditions and procedures set forth herein. 

4.3.1. TPG shall promptly give notice (a “Drag-Along Notice”) to each Manager (the “Drag-Along
Stockholders”) of any election by TPG to exercise its drag-along rights under this Section 4.3, setting forth the name and address of the Transferee, the total number and class of Investor Shares proposed to be Transferred by TPG and
its 

  
 8 

 
Affiliates, the proposed amount per share and form of consideration for each such class of Investor Shares and all other material terms and conditions of the Drag-Along Transfer. Such notice
shall also specify the number and class of Company Shares such Drag-Along Stockholders shall be required to Transfer, up to such Drag-Along Stockholders’ Pro Rata Portion for each applicable class of Company Shares; provided that the
portion of Company Shares of a class with respect to each Drag-Along Stockholder is the same relative proportion for all Drag-Along Stockholders. Any Transfer of Company Shares by a Drag-Along Stockholder pursuant to the terms hereof shall be at the
same per share purchase price for each class of Company Shares sold by TPG and its Affiliates and specified in the Drag-Along Notice and each Drag-Along Stockholder shall receive the same relative proportion of cash and Marketable Securities.

 4.3.2. Each Drag-Along Stockholder agrees, severally and not jointly, to (i) make individual
representations, warranties, covenants, indemnities and other agreements solely as to the title to, and the absence of any Adverse Claims with respect to, its Company Shares and the power, authority and legal right to Transfer such Company Shares,
(ii) execute and deliver agreements, covenants and indemnities as made by TPG in connection with the Drag-Along Transfer (other than any non-competition, non-solicitation or other non-financial agreements or covenants that would bind such
Drag-Along Stockholder or its Affiliates without the prior written consent of such Drag-Along Stockholder), (iii) agree to, except as provided in the preceding subclause (ii), the same terms and conditions to the Transfer as TPG agrees,
(iv) not demand or exercise appraisal or dissenters rights under any applicable business corporation or other law with respect to a transaction subject to this Section 4.3 as to which such appraisal rights are available and (v) be
liable as to all representations, warranties, covenants, indemnities and other agreements being made, agreed to or delivered by the Company or any of its subsidiaries, or in respect of the Company or any of its subsidiaries or their respective
businesses, in connection with such transaction (other than the individual representations, warranties, covenants, indemnities and other agreements of the type set forth in subclause (i)), in each case to the same extent as TPG but pro
rata based on the relative proceeds to be received by each of them from the sale of the shares of Common Stock Transferred by each of them. Notwithstanding the foregoing, the aggregate amount of liability for TPG and such Drag-Along
Stockholders shall not in any event exceed the U.S. dollar value of the net proceeds received by TPG and such Drag-Along Stockholders, respectively. 
 4.3.3. In the event that any such Transfer is structured as a merger, consolidation, or similar business combination, each Drag-Along Stockholder agrees to (i) vote in favor of the transaction,
(ii) take such other action as may be required to effect such transaction. 
 4.3.4. Solely for purposes of
Section 4.3.3(i) and in order to secure the performance of each Manager’s obligations under Section 4.3.3(i), each Manager hereby irrevocably appoints TPG (or a designee thereof) the attorney-in-fact and proxy of such Manager (with
full power of substitution) to vote or provide a written consent with respect to its Company Shares as described in this paragraph if, and only in the event that, such Manager fails to vote or provide a written consent with respect to its Company
Shares in accordance with the terms of Section 4.3.3(i) (each such Manager, a “Breaching 

  
 9 

 
Drag-Along Stockholder”) within three (3) days of a request for such vote or written consent. Upon such failure, the TPG (or a designee thereof) shall have and is hereby
irrevocably granted a proxy to vote or provide a written consent with respect to each such Breaching Drag-Along Stockholder’s Company Shares for the purposes of taking the actions required by Section 4.3.3(i). Each Manager intends this
proxy to be, and it shall be, irrevocable and coupled with an interest, and each Manager will take such further action and execute such other instruments as may be necessary to effectuate the intent of this proxy and hereby revokes any proxy
previously granted by it with respect to the matters set forth in Section 4.3.3(i) with respect to the Company Shares owned by such Manager. Notwithstanding the foregoing, the conditional proxy granted by this Section 4.3.4 shall be deemed
to be revoked upon the termination of this Section 4.3 in accordance with its terms. 
 4.4.
Miscellaneous. The following provisions will apply to any proposed Transfer to which Sections 4.1, 4.2. and 4.3, unless otherwise stipulated, apply: 
 4.4.1. Certain Legal Requirements. In the event the consideration to be paid in exchange for Company Shares in a proposed Transfer pursuant to Section 4.2 or Section 4.3 hereof includes
any securities, and the receipt thereof by a Tagging Stockholder or Drag-Along Stockholder (each, a “Participating Seller”) would require under applicable law (a) the registration or qualification of such securities or of any
person as a broker or dealer or agent with respect to such securities or (b) the provision to any Tagging Stockholder or Drag-Along Stockholder of any information regarding the Company, such securities or the issuer thereof, such Participating
Seller will not have the right to sell Company Shares in such proposed Transfer. In such event, the Transferring Stockholder (in a Transfer pursuant to Section 4.2 hereof) or TPG (in a Transfer pursuant to Section 4.3 hereof) shall have
the right, but not the obligation, to cause to be paid to such Participating Seller in lieu thereof, against surrender of the Company Shares (in accordance with Section 4.4.6 hereof) which would have otherwise been sold by such Participating
Seller to the Proposed Transferee or Drag-Along Buyer, as applicable, in the proposed Transfer, an amount in cash equal to the Fair Market Value of such Company Shares as of the date such securities would have been issued in exchange for such
Company Shares. 
 4.4.2. Further Assurances. Each Participating Seller and each Manager Transferring any
Company Shares to a ROFO Purchaser pursuant to Section 4.1, whether in his, her or its capacity as a Participating Seller, stockholder, officer or director of the Company, or otherwise, shall take or cause to be taken all such actions as may be
necessary or reasonably desirable in order expeditiously to consummate each Transfer pursuant to Section 4.1, Section 4.2 or Section 4.3 hereof and any related transactions, including, without limitation, executing, acknowledging and
delivering consents, assignments, waivers and other documents or instruments; furnishing information and copies of documents; filing applications, reports, returns, filings and other documents or instruments with governmental authorities; and
otherwise using commercially reasonable efforts to cooperate with the ROFO Purchaser (in a Transfer pursuant to Section 4.1 hereof), Transferring Stockholder (in a Transfer pursuant to Section 4.2 hereof) or TPG 

  
 10 

 
(in a Transfer pursuant to Section 4.3 hereof), as applicable, and the Proposed Transferee or Drag-Along Buyer, as applicable. 

4.4.3. Sale Process. The Transferring Stockholder (in a Transfer pursuant to Section 4.2 hereof) or TPG (in a
Transfer pursuant to Section 4.3 hereof), as applicable, may, in their sole discretion, decide whether or not to pursue, consummate, postpone or abandon any proposed Transfer and the terms and conditions thereof. No Principal Investor or any
Affiliate of any Principal Investor will have any liability to any Manager arising from, relating to or in connection with the pursuit, consummation, postponement, abandonment or terms and conditions of any proposed Transfer except to the extent
such Principal Investor has failed to comply with the provisions of this Section 4. 
 4.4.4. Treatment
of Options, Warrants and Convertible Securities. Each Participating Seller agrees that to the extent he, she or it desires to include vested and exercisable Options, Warrants or Convertible Securities in any Transfer of Company Shares pursuant
to this Section 4, he, she or it will be deemed to have exercised, converted or exchanged such vested and exercisable Options, Warrants or Convertible Securities immediately prior to the closing of such Transfer to the extent necessary to
Transfer shares of Common Stock to the Proposed Transferee, except to the extent permitted under the terms of any such Option, Warrant or Convertible Security and agreed to by the Board of Directors and the Proposed Transferee. In the event that
Options, Warrants or Convertible Securities are deemed exercised pursuant to the preceding sentence, payment of any purchase or exercise price, if applicable, and minimum statutory withholding tax amount, if any, shall be satisfied through payment
of shares of Common Stock otherwise deliverable upon such exercise, conversion, or exchange. If any Participating Seller Transfers Options, Warrants or Convertible Securities in any Transfer pursuant to this Section 4, such Participating Seller
shall receive in exchange for such Options, Warrants or Convertible Securities consideration equal to the amount (if greater than zero) determined by multiplying (a) the purchase price per share of the appropriate class of Common Stock received
by the Transferring Stockholder in such Transfer less the unpaid exercise or conversion price, if any, per share of such Option, Warrant or Convertible Security by (b) the number of shares of the appropriate class of Common Stock issuable upon
exercise, conversion or exchange of such Option, Warrant or Convertible Security (to the extent exercisable, convertible or exchangeable at the time of such Transfer), subject to reduction for any tax or other amounts required to be withheld under
applicable law. 
 4.4.5. Expenses. All reasonable costs and expenses, including all attorneys fees and
charges, all accounting fees and charges and all finders, brokerage or investment banking fees, charges or commissions, incurred in connection with any proposed Transfer, (a) pursuant to Section 4.2 hereof (whether or not consummated),
shall be allocated among the Transferring Stockholder, each Participating Seller and any other Stockholder who participates in such Transfer pro rata based on the relative proceeds to be received by each of them from the sale of the shares of Common
Stock to be Transferred by each of them, and (b) pursuant to Section 4.3 hereof (whether or not) consummated, shall be borne by the Company. 

  
 11 

 4.4.6. Closing. The closing of a Transfer to which Section 4.1,
4.2 or 4.3 hereof applies will take place at such time and place as the ROFO Stockholder specifies (in a Transfer pursuant to Section 4.1 hereof), Transferring Stockholder that is a Principal Investor specifies (in a Transfer pursuant to
Section 4.2 hereof) or TPG specifies (in a Transfer pursuant to Section 4.3 hereof) by notice to each ROFO Offeree or Participating Seller, as applicable, each subject to any restrictions as to timing set forth in Section 4.1, 4.2 or
4.3. At the closing of such Transfer, each ROFO Purchaser or Participating Seller, as applicable, shall deliver the certificates evidencing the Company Shares to be sold by such ROFO Purchaser or Participating Seller, as applicable, duly endorsed,
or with stock (or equivalent) powers duly endorsed, for transfer with signature guaranteed, free and clear of any Adverse Claim, with any stock (or equivalent) transfer tax stamps affixed, against delivery of the applicable consideration.

 4.5. Period. The provisions of this Section 4 shall terminate and be of no further force and
effect upon an Initial Public Offering. 
 5. OPTIONS TO PURCHASE AND SELL SHARES. 

5.1. Call Options. Except as the Company may otherwise agree in writing with any Manager with respect to Company
Shares held by such Manager (or any Person to whom any shares of Common Stock were originally issued at the request of such Manager) or originally issued to such Manager (or other Person at the request of such Manager) but held by one or more direct
or indirect Permitted Transferees (collectively, the “Management Call Group”), upon any termination of the employment by the Company and its subsidiaries of any Manager (whether such termination is by the Company, by such Manager or
otherwise), the Company will have the right to purchase for cash all or any portion of Purchased Management Shares held by the Management Call Group on the following terms (the “Management Call Option”): 

5.1.1. General. For all Purchased Management Shares, the following terms will apply: 

(a) Termination other than for Cause. If, prior to an Initial Public Offering, a Manager’s employment is
terminated for any reason other than for Cause (including as a result of death, Disability or Retirement), the Company (or its designated assignee) will have the right, on one or more occasions, at any time up to and including the date that is
ninety (90) days following the later to occur of (x) the termination of such Manager’s employment and (y) the date that is six (6) months plus one (1) day following the most recent acquisition of Purchased Management
Shares from the Company by any member of such Manager’s Management Call Group, to purchase from such Management Call Group, and upon the exercise of such call right each member of such Management Call Group shall sell to the Company (or its
designated assignee), all (or a portion, as designated by the Company, or its designated assignee) of the Purchased Management Shares (including Rollover Equity) held by such member of the Management Call Group as of the date as of which such call
right is exercised at a price equal to the Fair Market Value of the Purchased Management Shares being sold, determined as of the date such 

  
 12 

 
Management Call Notice (as defined below) is delivered, which date shall be no earlier than the date that is six (6) months plus one (1) day following the most recent acquisition from
the Company by any member of such Manager’s Management Call Group of any such Purchased Management Shares that are to be purchased by the Company pursuant to such exercised call right and shall be no later than the last date on which the
Company is permitted to issue a Management Call Notice in respect of such Purchased Management Shares under this Section 5.1.1(a). 
 (b) Termination for Cause. If a Manager’s employment is terminated for Cause (or it is determined that such Manager’s employment could have been terminated for Cause at the time such
Manager resigned or his or her employment was otherwise terminated), the Company (or its designated assignee) will have the right, on one or more occasions, at any time up to and including the date that is one hundred and eighty (180) days
following the later to occur of (x) the termination of such Manager’s employment and (y) the date that is six (6) months plus one (1) day following the most recent acquisition of Purchased Management Shares from the Company
by any member of such Manager’s Management Call Group, to purchase from such Manager’s Management Call Group, and upon the exercise of such call right each member of such Management Call Group shall sell to the Company (or its designated
assignee), all (or a portion, as designated by the Company or its designated assignee) of the Purchased Management Shares (including Rollover Equity) held by such member of the Management Call Group as of the date as of which such call right is
exercised at a price (the “Bad Leaver Price”) equal to the lesser of (i) the Fair Market Value of the Purchased Management Shares being sold, determined as of the date such Management Call Notice is delivered, which date shall
be no earlier than the date that is six (6) months plus one (1) day following the most recent acquisition from the Company by any member of such Manager’s Management Call Group of any such Purchased Management Shares that are to be
purchased by the Company pursuant to such exercised call right and shall be no later than the last date on which the Company is permitted to issue a Management Call Notice in respect of such Purchased Management Shares under this
Section 5.1.1(b), and (ii) the price paid, if any, by such Manager for such Purchased Management Shares (the “Original Purchase Price”); provided, that for purposes of the foregoing clause (ii), the price paid by a
Manager for a share acquired upon exercise of an Option, Warrant or Convertible Security will be deemed to be equal to the exercise price of such Option, Warrant or Convertible. 

(c) Violation of Non-Competition Obligations. If a Manager’s employment is terminated for any reason or if a
Manager resigns his or her employment for any reason and, within twelve (12) months of such termination or resignation, such Manager Competes, the Company (or its designated assignee) will have the right, on one or more occasions, at any time
up to and including the date that is ninety (90) days following the later to occur of (x) the first date on which the Company receives notice that such Manager Competed and (y) the date that is six (6) months plus one
(1) day following the most recent acquisition of Purchased Management Shares from the Company by any member of such Manager’s Management Call Group, to purchase from such Management Call Group, and upon the exercise of such call right

  
 13 

 
each member of such Management Call Group shall sell to the Company (or its designated assignee), all (or a portion, as designated by the Company or its designated assignee) of the Purchased
Management Shares (including Rollover Equity) held by such member of the Management Call Group as of the date as of which such call right is exercised at a price equal to the Bad Leaver Price. 

5.1.2. Notices, Etc. Any Management Call Option may be exercised by delivery of written notice thereof (the
“Management Call Notice”) to all members of the applicable Management Call Group from whom the Company has elected to purchase Purchased Management Shares no later than the end of the applicable 90 or 180 day period specified in
Section 5.1.1. The Management Call Notice shall state that the Company has elected to exercise the Management Call Option, the number of Purchased Management Shares with respect to which the Management Call Option is being exercised and the
price of such shares. 
 5.1.3. Vesting. The rights of the Company and the Majority Principal Investors to
purchase Company Shares under this Section 5 are in addition to, and do not modify, any vesting or exercisability requirements that may be included in the terms of any such Company Shares. 

5.2. Closing. 
 5.2.1. The closing of any purchase and sale of Company Shares pursuant to this Section 5 shall occur on such date as the Company shall specify, which date shall not be later than ninety
(90) days after the fiscal quarter-end immediately following the date of delivery of the Management Call Notice (provided, that such time may be extended as necessary to comply with requirements of the HSR Waiting Period or applicable
foreign antitrust laws or other applicable legal requirements) at the principal office of the Company, or at such other time and location as the parties to such purchase may mutually determine. 

5.2.2. At the closing of any purchase and sale of Company Shares following the exercise of any Management Call Option, the
holders of Company Shares to be sold shall deliver to the Company a certificate or certificates representing the Company Shares to be purchased by the Company, duly endorsed, or with stock (or equivalent) powers duly endorsed, for transfer with
signature guaranteed, free and clear of any lien or encumbrance, with any necessary stock (or equivalent) transfer tax stamps affixed, and the Company shall pay to such holder by certified or bank check or wire transfer of immediately available
federal funds the purchase price of the Company Shares being purchased by the Company. The delivery of a certificate or certificates for Company Shares by any Person selling Company Shares pursuant to any Management Call Option will be deemed a
representation and warranty by such Person that: (i) such Person has full right, title and interest in and to such Company Shares; (ii) such Person has all necessary power and authority and has taken all necessary action to sell such
Company Shares as contemplated; (iii) such Company Shares are free and clear of any and all liens or encumbrances; and (iv) there is no Adverse Claim with respect to such Company Shares. 

  
 14 

 5.2.3. If (i) any payment of cash is required upon the purchase of
Company Shares by the Company upon the exercise of any Management Call Option or (ii) any payment on a promissory note issued under this Section 5.2.3 comes due, and, in either case, such payment (or any dividend to fund such payment)
would (or with notice or the lapse of time or both would) constitute, result in or give rise to a breach or violation of the terms or provisions of, or result in a default, event of default or right or cause of action under, any guarantee, financing
or security agreement, indenture or document entered into by the Company or any of its subsidiaries and in effect on such date in respect of indebtedness for borrowed money or debt security, would be prohibited under Section 160
(“Section 160”) of the General Corporation Law of the State of Delaware (the “DGCL”), or would otherwise violate the DGCL (or if the Company or any such subsidiary reincorporates in another jurisdiction, the
applicable business corporation law of such jurisdiction), then, to the extent permitted by Section 160: 

(a) in the case of a cash payment due at a closing of any purchase of Company Shares by the Company upon the exercise of
any Management Call Option, the Company will issue a promissory note in the aggregate principal amount of such payment, the principal amount of which note will be due and payable (in four equal annual installments, the first such installment
becoming due and payable on the first anniversary of the issuance of such note (in each case subject to subsection 5.2.3(c) below) and interest will accrue thereon at a rate equal to the prime rate (as reported in the Wall Street Journal Eastern
Edition) plus three percent (3%)); 
 (b) in the case of a cash payment in respect of a promissory note issued
under this Section 5.2.3, notwithstanding any of the provisions of such note, including without limitation, the stated maturity of such note and the stated date on which interest payments are due, such payment will not become due and payable
until such time as such payment can be made without violating any such agreement; and 
 (c) notwithstanding the
terms of any promissory note issued pursuant to this Section 5.2.3, the Company must pay off the promissory note at the earliest of (i) a Change of Control, (ii) the Initial Public Offering (but only to the extent of the net proceeds
received by the Company in such Initial Public Offering), (iii) five (5) Business Days after the date on which a cash payment paying off such promissory note could be made (1) without (immediately or with notice or the lapse of time
or both) constituting, resulting in or giving rise to any breach or violation of the terms or provisions of, or result in a default, event of default or right or cause of action under, any guarantee, financing or security agreement, indenture or
document entered into by the Company or any of its subsidiaries and in effect on such date in respect of indebtedness for borrowed money or debt security, (2) that would not be prohibited under Section 160, and (3) that would not
otherwise violate the DGCL (or if the Company or any such subsidiary reincorporates in another jurisdiction, the applicable business corporation law of such jurisdiction) and (iv) the date on which any cash dividend or distribution is made in
respect of Company Shares. At any such time, the Company shall promptly notify the holder of such promissory note and make a payment on each such promissory note. If more than one such promissory note is

  
 15 

 
outstanding at the time of payment, payment shall be made to the holders of all such promissory notes on a pro rata basis. 

5.2.4. In the event that the Company has exercised its call right pursuant to Section 5.1 with respect to Company
Shares held by (i) a Manager who (A) Competes within twelve (12) months of such Manager’s termination of employment or resignation as described in Section 5.1.1(c) or (B) is determined to have been eligible for
termination for Cause, in each case following the Company’s exercise of such call right, and/or (ii) one or more members of such Manager’s Management Call Group that held Company Shares, such Manager and/or such members of such
Manager’s Management Call Group will be obligated to deliver to the Company, within five (5) days following notice from the Company that such amount is due, an amount equal to the product of (x) the number of Company Shares purchased
in connection with the exercise of the call right, multiplied by (y) the excess, if any, of the price paid for such Company Shares over the Bad Leaver Price for such Company Shares. 

5.3. Majority Principal Investors Call Option. If the Company elects not to purchase (pursuant to Section 5.1
hereof) any or all Purchased Management Shares held by a Manager or one or more members of such Manager’s Management Call Group, the Company shall notify the Majority Principal Investors and the Majority Principal Investors may purchase any or
all of the remaining Purchased Management Shares held by such Persons for the purchase price identified in Section 5.1.1 hereof; provided, that nothing in this Section 5.3 will operate to extend the time within which the Management
Call Notice may be delivered pursuant to Section 5.1.2 hereof. The right to purchase such Company Shares shall be allocated pro rata among the Majority Principal Investors based upon the Purchase Price Value of the shares of Common Stock then
held by such Majority Principal Investors (unless the Majority Principal Investors agree otherwise); provided, further that Purchased Management Shares Transferred to any Majority Principal Investor shall thereafter become Investor
Shares hereunder. 
 5.4. Acknowledgment. Each Manager and member of any Manager’s Management Call
Group acknowledges and agrees that neither the Company, nor any Person directly or indirectly affiliated with the Company (in each case whether as a director, officer, manager, partner employee, agent or otherwise), will have any duty or obligation
to affirmatively disclose to him, her or it, and he, she or it will not have any right to be advised of, any material information regarding the Company or otherwise at any time prior to, upon, or in connection with any termination of his, her or its
employment by the Company and its subsidiaries upon the exercise of any Management Call Option or any purchase of the Company Shares in accordance with the terms hereof. 

5.5. Call Period. The foregoing provisions of this Section 5 will expire with respect to any Company Share not
called, if not earlier expired in accordance with the provisions of this Section 5, upon the earlier to occur of (a) an Initial Public Offering or (b) a Change of Control. 

  
 16 

 6. PREEMPTIVE RIGHTS. 

6.1. Preemptive Rights. At any time following the Closing Date until an Initial Public Offering, if the Company,
Intermediate Holdings, J. Crew or any of their respective subsidiaries proposes to issue additional Company Shares or equity securities of the Company, Intermediate Holdings, J. Crew or any of their respective subsidiaries, including any warrants,
options or other rights to acquire Company Shares, equity securities of the Company, Intermediate Holdings, J. Crew or any of their respective subsidiaries or debt securities that are convertible into Company Shares or equity securities of the
Company, Intermediate Holdings, J. Crew or any of their respective subsidiaries to any Person (with the exception of any issuance (i) as consideration in any merger, acquisition or similar transaction, (ii) in an Initial Public Offering,
(iii) as consideration in a joint venture or any other strategic transaction, (iv) to a financial institution in connection with any borrowing, (v) to employees, advisors or consultants pursuant to an employee incentive plan approved
by the Board of Directors or to employees pursuant to a subscription agreement for the purchase of shares in connection with the Closing, (vi) by a direct or indirect subsidiary of the Company, Intermediate Holdings, J. Crew or any of their
respective subsidiaries to the Company, Intermediate Holdings, J. Crew or any of their respective subsidiaries, (vii) as a result of the conversion of convertible securities or the exercise of any warrants, options or other rights (in each
case, having been issued in accordance with this Section 6.1 and otherwise approved in accordance with the terms of this Agreement) and (viii) in connection with any stock split, stock combination, stock dividend, distribution or
recapitalization) (a “New Issuance” and any such Company Shares or equity securities of the Company, Intermediate Holdings, J. Crew or any of their respective subsidiaries, “Newly Issued Securities”), the Company
shall provide written notice to each Rollover Manager of such anticipated issuance no later than fifteen (15) Business Days prior to the anticipated issuance date (the “Preemptive Rights Notice”). The Preemptive Rights Notice
shall set forth the material terms and conditions of the New Issuance, including the proposed purchase price for the Newly Issued Securities, the anticipated issuance date, and the purpose of such New Issuance. Each Rollover Manager shall have the
right to purchase up to its Pro Rata Portion of such Newly Issued Securities at the price and on the terms and conditions specified in the Preemptive Rights Notice by delivering an irrevocable written notice to the Company no later than five
(5) Business Days before the anticipated issuance date, setting forth the number of such Newly Issued Securities for which such right is exercised. Such notice shall also include the maximum number of Newly Issued Securities such Rollover
Manager would be willing to purchase in the event any other Stockholder with preemptive rights and entitled to participate elects to purchase less than its Pro Rata Portion of such Newly Issued Securities. If any such stockholder elects not to
purchase its full Pro Rata Portion of such Newly Issued Securities, the Company shall allocate any remaining amount among those Rollover Managers (pro rata in accordance with the Over-Allocation Pro Rata Portion of each such
Stockholder up to, in the case of each such stockholder, the maximum number specified by such Stockholder pursuant to the immediately preceding sentence) who have indicated in their notice to the Company a desire to purchase Newly Issued Securities
in excess of their respective Pro Rata Portions. 
 6.1.1. In the event the stockholders with preemptive rights
and entitled to participate do not purchase all such Newly Issued Securities (including the Rollover 

  
 17 

 
Managers in accordance with the procedures set forth in Section 6.1), the Company, Intermediate Holdings, J. Crew or the other relevant subsidiary, as applicable, shall have sixty
(60) days after the expiration of the anticipated issuance date (subject to extension if necessary to permit the expiration or early termination of the HSR Waiting Period) to sell to other Persons (including any Stockholder) the remaining Newly
Issued Securities at the price and on the terms and conditions specified in the Preemptive Rights Notice. If the Company, Intermediate Holdings, J. Crew or the other relevant subsidiary, as applicable, fails to sell such Newly Issued Securities
within such period, the Company, Intermediate Holdings, J. Crew or the other relevant subsidiary, as applicable, shall not thereafter issue or sell such Newly Issued Securities without first offering the same to the Stockholders in the manner
provided in Section 6.1. 
 6.1.2. In the event that any Rollover Manager purchases any equity securities
from the Company, Intermediate Holdings, J. Crew or any subsidiary thereof, other than new Company Shares pursuant to Section 6.1, such Stockholder shall execute a shareholders’ agreement with respect to such securities with terms that are
substantially equivalent, mutatis mutandis, to this Agreement; provided that such shareholders’ agreement shall terminate upon the same terms and conditions as provided herein. 

6.1.3. Any Newly Issued Securities constituting shares of capital stock of the Company acquired by any holder of Company
Shares pursuant to this Section 6 shall be deemed for all purposes hereof to be Company Shares, hereunder of like kind with the Company Shares then held by the acquiring holder. 

6.1.4. The election by a Rollover Manager not to exercise its preemptive rights under Section 6.1 in any one instance
shall not affect its right (other than in respect of a reduction in its Ownership Interest, if applicable) to exercise its preemptive rights with respect to any future issuances under Section 6.1. Any attempted Transfer of such securities by
the Company, Intermediate Holdings, J. Crew or any other subsidiary without first giving the Stockholders the rights described in Section 6.1 shall be void and of no force and effect. 

6.1.5. Notwithstanding the notice requirements of Section 6.1 above, the Company may proceed with any New Issuance
prior to having complied with the provisions of Section 6.1; provided that the Company shall: 

(a) provide to each such holder of Company Shares who would have been a recipient of a Preemptive Rights Notice
(i) notice within five (5) Business Days thereafter of such New Issuance and (ii) the Preemptive Rights Notice described in Section 6.1 in which the actual purchase price of Newly Issued Securities shall be set forth; 

(b) offer to issue to each such holder of Company Shares such number of Newly Issued Securities as may be requested
by such holder (not to exceed an amount equal to (i) the Pro Rata Portion that such holder would have been entitled to pursuant to Section 6.1 multiplied by the number of Newly Issued Securities included in the New Issuance plus
(ii) a number of additional securities sufficient to permit such 

  
 18 

 
holder to acquire, in total, the same percentage of the aggregate number of all securities included in the relevant New Issuances effected pursuant to this Section 6.1 as such holder would
have been entitled to acquire had the Company proceeded with the relevant New Issuances under Section 6.1 rather than pursuant to this Section 6.1.5 on the same economic terms and conditions with respect to such securities as the
subscribers in the New Issuance received); and 
 (c) keep such offer open for a period of at least five
(5) Business Days, during which period, each such holder may accept such offer by sending a written acceptance to the Company committing to purchase an amount of such securities (not in any event to exceed the Pro Rata Portion that such holder
would have been entitled to pursuant to Section 6.1 multiplied by the number of all such Newly Issued Securities included in all such relevant New Issuances). 

6.2. Termination of Preemptive Rights. The provisions of this Section 6 shall terminate and be of no further
force and effect upon an Initial Public Offering. 
 7. REMEDIES. 

7.1. Generally. It is hereby agreed and acknowledged that it will be impossible to measure in money the damages
that would be suffered if the parties fail to comply with any of the obligations herein imposed on them by this Agreement and that, in the event of any such failure, an aggrieved party will be irreparably damaged and will not have an adequate remedy
at law. Any such party shall, therefore, be entitled (in addition to any other remedy to which such party may be entitled at law or in equity) to injunctive relief, including specific performance, to enforce such obligations, without the posting of
any bond, and if any action should be brought in equity to enforce any of the provisions of this Agreement, none of the parties hereto shall raise the defense that there is an adequate remedy at law. 

7.2. Deposit. Without limiting the generality of Section 7.1 hereof, if any holder of Company Shares fails to
deliver to the purchaser thereof the certificate or certificates evidencing Company Shares to be Transferred pursuant to Section 4 or 5 hereof, such purchaser may, at its option, in addition to all other remedies it may have, deposit the
purchase price (including any promissory note constituting all or any portion thereof) for such Company Shares with any national bank or trust company having combined capital, surplus and undivided profits in excess of Five Hundred Million Dollars
($500,000,000) (the “Escrow Agent”) and the Company will cancel on its books the certificate or certificates representing such Company Shares and thereupon all of such holder’s rights in and to such Company Shares shall
terminate. Thereafter, upon delivery to the Escrow Agent by such holder of the certificate or certificates evidencing such Company Shares (duly endorsed, or with stock powers duly endorsed, for transfer, with signature guaranteed, free and clear of
any liens or encumbrances, and with any transfer tax stamps affixed), TPG shall instruct the Escrow Agent to deliver the purchase price (without any interest from the date of the closing to the date of such delivery, any such interest to accrue to
such purchaser) to such holder and the certificate or certificates to such purchaser. 

  
 19 

 8. LEGENDS. 

8.1. Restrictive Legend. Each certificate evidencing the Company Shares issued to a Manager shall bear the
following restrictive legend, either as an endorsement or on the face thereof: 
 THE SALE, ASSIGNMENT, TRANSFER
OR OTHER DISPOSITION OF THE SECURITIES EVIDENCED BY THIS CERTIFICATE IS RESTRICTED BY THE TERMS OF A MANAGEMENT STOCKHOLDERS’ AGREEMENT, DATED AS OF MARCH 7, 2011 TO WHICH THE ISSUER AND CERTAIN OF ITS STOCKHOLDERS ARE PARTY, COPIES OF WHICH
ARE ON FILE WITH THE ISSUER OF THIS CERTIFICATE. NO SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS OF SUCH MANAGEMENT STOCKHOLDERS’ AGREEMENT HAVE BEEN COMPLIED WITH IN FULL.

 THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED TO, OR ISSUED WITH RESPECT TO
SHARES ORIGINALLY ISSUED TO OR AT THE REQUEST OF, THE FOLLOWING MANAGER:             . 
 8.2. 1933 Act Legends. Each certificate representing Company Shares will have the following legend endorsed conspicuously thereupon: 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, OR UNDER THE SECURITIES LAWS OF ANY OTHER JURISDICTION AND MAY NOT BE SOLD OR TRANSFERRED OTHER THAN IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED (OR OTHER APPLICABLE LAW), OR AN EXEMPTION
THEREFROM. 
 8.3. Stop Transfer Instruction. The Company will instruct any transfer agent not to register
the Transfer of any Company Shares until the conditions specified in the foregoing legends are satisfied. 
 8.4.
Termination of 1933 Act Legend. In the event that the restrictive legend set forth in Section 7.1 or Section 7.2 has ceased to be applicable, the Company shall provide any Stockholder, or their respective transferees, at their
request, without any expense to such Persons (other than applicable transfer taxes and similar governmental charges, if any), with new certificates for such securities of like tenor not bearing the legend with respect to which the restriction has
ceased and terminated (it being understood that the restriction referred to in the legend in Section 7.2 shall cease and terminate upon the termination of this Section 7). 

  
 20 

 9. AMENDMENT, TERMINATION, ETC. 

9.1. Oral Modifications, Waiver. This Agreement may not be orally amended, modified, extended or terminated, and no
oral waiver of any of its terms may be effective. No waiver of any breach of any of the terms of this Agreement shall be effective unless such waiver is expressly made in writing and executed and delivered by the party against whom such waiver is
claimed. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach. Except as otherwise expressly
provided herein, no failure on the part of any party to exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single
or partial exercise of such right, power or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 

9.2. Written Modifications. This Agreement may be amended, modified, extended or terminated, and the provisions
hereof may be waived, only by an agreement in writing signed by the Company, TPG, the Majority Principal Investors and the Majority Managers; provided, however, that (i) any amendment, modification, extension, termination or
waiver (an “Amendment”) will also require the consent of Managers holding a majority in interest of the Company Shares held by all Managers who would be disproportionately and adversely affected by the Amendment (other than solely
with respect to the number of Company Shares held by such Manager) relative to the other Managers and (ii) any Amendment will also require the consent of LGP or the MD Investors, as applicable, to the extent LGP or the MD Investors, as
applicable, would be disproportionately and adversely affected by the Amendment relative to TPG. Each Amendment will be binding upon each party hereto and each holder of Company Shares subject hereto. In addition, each party hereto and each holder
of Company Shares subject hereto may waive any right hereunder by an instrument in writing signed by that party or holder. 
 9.3. Effect of Termination. No termination under this Agreement will relieve any Person of liability for breach prior to termination. 

10. DEFINITIONS. For purposes of this Agreement: 
 10.1. Certain Matters of Construction. In addition to the definitions referred to or set forth below in this Section 10: 

10.1.1. The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 10.1.2. The words “hereof”, “herein”, “hereunder” and
similar words refer to this Agreement as a whole and not to any particular provision of this Agreement; and any subsection and section references are to this Agreement unless otherwise specified. 

10.1.3. The term “including” is not limiting and means “including without limitation.”

  
 21 

 10.1.4. The captions and headings of this Agreement are for convenience of
reference only and shall not affect the interpretation of this Agreement. 
 10.1.5. Whenever the context
requires, any pronouns used herein shall include the corresponding masculine, feminine or neuter forms. 
 10.2.
Definitions. The following terms have the following meanings: 
 “Adverse Claim” has the meaning set
forth in Section 8-302 of the applicable Uniform Commercial Code. 
 “Affiliate” means, with respect to
any specified Person, (a) any other Person which directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such specified Person (for the purposes of this definition,
“control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”), 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) and (b) with respect to any natural Person, any Member of the Immediate
Family of such natural Person; provided that, in any event, no Stockholder shall be deemed an Affiliate of the Company or any of its subsidiaries for purposes of this Agreement. 

“Agreement” has the meaning set forth in the preamble. 

“Amendment” has the meaning set forth in Section 9.2. 

“Bad Leaver Price” has the meaning set forth in Section 5.1.1. 

“Board of Directors” has the meaning set forth in Section 2.1. 

“Breaching Drag-Along Stockholder” has the meaning set forth in Section 4.3.4. 

“Business Day” means any day other than a Saturday, Sunday or day on which banking institutions in New York, New York
are authorized or obligated by law or executive order to close. 
 “Cause” with respect to Company Shares held
by Managers, means (a) in the case of any Manager who is party to an employment, severance-benefit, change in control or similar agreement that contains a definition of “Cause,” the definition set forth in such agreement shall apply
with respect to such Manager under this Agreement during the term of such agreement and (b) in the case of any other Manager, (i) a material breach by the Manager of his or her employment agreement with the Company or an Affiliate of the
Company, any equity grant agreement, or any material policy of the Company or its Affiliates generally applicable to similarly situated employees of the Company or its Affiliates; (ii) the failure by the Manager to reasonably and substantially
perform his or her duties to the Company or any of its Affiliates, which failure is materially damaging to the financial condition or reputation of the Company or its Affiliates; (iii) the Manager’s willful misconduct or gross negligence
which is injurious to the Company or an Affiliate of the Company; or (iv) the indictment of the Manager for a felony or 

  
 22 

 
other serious crime involving moral turpitude. In the case of clauses (i) and (ii) above, the Company shall permit the Manager no less than thirty (30) days to cure such breach or
failure if reasonably susceptible to cure. For the avoidance of doubt, if a Manager is party to an employment, severance-benefit, change in control or similar agreement that contains a definition of “Cause,” the determination as to whether
Cause exists, and any procedures (including any due process rights) that are required to be followed prior to a termination for Cause, shall be made in accordance with the terms of such agreement. 

“Change of Control” means (a) any change in the ownership of the capital stock of the Company if, immediately after
giving effect thereto, any Person (or group of Persons acting in concert) other than the Principal Investors and their Affiliates will have the direct or indirect power to elect a majority of the members of the Board of Directors; (b) any
change in the ownership of the capital stock of the Company if, immediately after giving effect thereto, the Principal Investors and their Affiliates own less than 25% of the Equivalent Shares; or (c) the sale of all or substantially all of the
assets of the Company and its subsidiaries. 
 “Class A Stock” means the Class A Common Stock, par value
$.001 per share of the Company. 
 “Class L Stock” means the Class L Common Stock, par value $.001 per share of
the Company. 
 “Closing Date” means March 7, 2011. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. Any reference to a section of the Code shall include a
reference to any successor provision thereto. 
 “Common Stock” means the common stock of the Company including
the Class A Stock and the Class L Stock (and any shares of capital stock of the Company issued or issuable with respect to such common stock by way of a stock dividend or distribution payable thereon or stock split, reverse stock split,
recapitalization, reclassification, reorganization, exchange, subdivision or combination thereof). 
 “Company”
has the meaning set forth in the preamble. 
 “Company Shares” means (a) all shares of Common Stock
originally issued to, or issued with respect to shares originally issued to, or held by, a Principal Investor, MD Investor or Manager, whenever issued, including all shares of Common Stock issued upon the exercise, conversion or exchange of any
Options, Warrants or Convertible Securities and (b) all Options, Warrants and Convertible Securities originally granted or issued to a Principal Investor, MD Investor or Manager (treating such Options, Warrants and Convertible Securities as a
number of Company Shares equal to the number of Equivalent Shares represented by such Options, Warrants and Convertible Securities for all purposes of this Agreement except (i) solely with respect to the Managers, for purposes of
Section 4.2 and Section 6 and (ii) as otherwise specifically set forth herein). 
 “Compete”
means, with respect to a Manager, the breach by such Manager of any non-competition or non-solicitation covenant or a material breach of any confidentiality, non-

  
 23 

 
disclosure or other similar covenant made by such Manager in favor of the Company or any subsidiary of the Company, and “Competes”, “Competed” and
“Competition” will each have a correlative meaning. 
 “Convertible Securities” means any
evidence of indebtedness, shares of stock (other than Class L Stock) or other securities (other than Options and Warrants) which are directly or indirectly convertible into or exchangeable or exercisable for Company Shares. 

“DGCL” has the meaning set forth in Section 5.2.3 hereof. 

“Disability” means, with respect to any Manager holding Company Shares, (a) in the case of any Manager who is a
party to an employment or severance-benefit agreement that contains a definition of “Disability,” the definition set forth in such agreement will apply with respect to such Manager under this Agreement during the term of such agreement and
(b) in the case of any other Manager, a disability that would entitle a Manager to long-term disability benefits under the Company’s long-term disability plan in which the Manager participates. Notwithstanding the foregoing, in any case in
which a benefit that constitutes or includes “nonqualified deferred compensation” subject to Section 409A would be payable by reason of Disability, the term “Disability” will mean a disability described in Treas. Regs.
Section 1.409A-3(i)(4)(i)(A). 
 “Drag-Along Buyer” has the meaning set forth in Section 4.3 hereof.

 “Drag-Along Notice” has the meaning set forth in Section 4.3.1 hereof. 

“Drag-Along Stockholders” has the meaning set forth in Section 4.3.1 hereof. 

“Drag-Along Transfer” has the meaning set forth in Section 4.3 hereof. 

“Equivalent Shares” means, at any date of determination, (a) as to any outstanding shares of Common Stock, such
number of shares of Common Stock and (b) as to any outstanding Options, Warrants or Convertible Securities which constitute Company Shares, the maximum number of shares of Common Stock for which or into which such Options, Warrants or
Convertible Securities may at the time be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by reason of, the transaction or circumstance in connection with which the number of
Equivalent Shares is to be determined). 
 “ERISA” means the Employee Retirement Income Security Act of 1974,
as amended, and any successor statute of similar import, in each case as in effect from time to time. 
 “Escrow
Agent” has the meaning set forth in Section 7.2 hereof. 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended, and any successor thereto, and any rules and regulations promulgated thereunder, all as the same shall be in effect from time to time. 
 “Fair Market Value” means, as of any date, as to any share of Common Stock, the Board of Directors’ good faith determination of the fair value of such share as of the applicable
reference date. 

  
 24 

 “FINRA” means the Financial Industry Regulatory Authority. 

“HSR Waiting Period” means the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

 “Initial Public Offering” means the first Underwritten Offering of equity securities of the Company or any
of its subsidiaries pursuant to an effective registration (other than on Form S-4, S-8 or a comparable form) under the Securities Act. 
 “Intermediate A” has the meaning set forth in the preamble. 

“Intermediate B” has the meaning set forth in the preamble. 

“Intermediate Holdings” has the meaning set forth in the preamble. 

“Investor Shares” means (a) all shares of Common Stock originally issued to, or issued with respect to shares
originally issued to, or held by, a Principal Investor, whenever issued, including all shares of Common Stock issued upon the exercise, conversion or exchange of any Options, Warrants or Convertible Securities and (b) all Options, Warrants and
Convertible Securities originally granted or issued to a Principal Investor (treating such Options, Warrants and Convertible Securities as a number of Company Shares equal to the number of Equivalent Shares represented by such Options, Warrants and
Convertible Securities for all purposes of this Agreement except as otherwise specifically set forth herein). 

“J.Crew” has the meaning set forth in the preamble. 

“LGP” means, collectively, Green Equity Investors V, L.P., Green Equity Investors Side V, L.P. and LGP Chino Coinvest
LLC and each of their respective Affiliates that is or becomes a holder of Company Shares under the Principal Investors Stockholders’ Agreement. 
 “Majority in Interest” means, (a) with respect to calculations with regard to Company Shares of a single class, a majority of such Company Shares and (b) with respect
calculations with regard to Company Shares of more than one class, a majority in aggregate Purchase Price Value of such Company Shares. 
 “Majority Principal Investors” means, as of any date, (a) holders of a Majority in Interest of the Company Shares held by the Principal Investors and (b) solely for the purposes
of Section 5.3 hereof, LGP and TPG. The Managers shall be entitled to rely upon written notice from TPG specifying that the Principal Investors constituting the “Majority Principal Investors” for purposes of the action, approval,
consent or other provision in question have approved or consented to such matter or authorized such action. 
 “Majority
Managers” means, as of any date, the holders of a Majority in Interest of the Company Shares held by the Managers. 

“Management Call Group” has the meaning set forth in Section 5.1 hereof. 

“Management Call Notice” has the meaning set forth in Section 5.1.2 hereof. 

  
 25 

 “Management Call Option” has the meaning set forth in Section 5.1
hereof. 
 “Managers” has the meaning set forth in the preamble. 

“Marketable Securities” means securities that are (i) traded on a national securities exchange in the United States
or on an established stock exchange in Europe or Asia, (ii) reported through an established automated inter-dealer quotation system in the United States, Europe or Asia and, in each case, are not subject to any restrictions on transfer as a
result of applicable contract provisions, the provisions of the Securities Act (or regulations thereunder other than the volume and method of sale restrictions applicable to affiliates of an issuer pursuant to Rule 144 promulgated thereunder or any
successor thereto), or other applicable law. 
 “MD” means Millard S. Drexler. 

“MD Investors” means MD, The Drexler Family Revocable Trust, The Millard S. Drexler 2009 Grantor Retained Annuity Trust
#1 and The Millard S. Drexler 2009 Grantor Retained Annuity Trust #2 and each of their respective Affiliates that is or becomes a holder of Company Shares. 
 “Members of the Immediate Family” means, with respect to any individual, each spouse or child or other descendants of such individual, each trust created solely for the benefit of one or
more of the aforementioned Persons and their spouses, each custodian or guardian of any property of one or more of the aforementioned Persons in his capacity as such custodian or guardian and any partnership or limited liability company of which the
aforementioned Persons or their spouses are the only partners or members, as applicable. 
 “Merger” has the
meaning set forth in the Recitals. 
 “Merger Agreement” has the meaning set forth in the Recitals. 

“New Issuance” has the meaning set forth in Section 6.1 hereof. 

“Newly Issued Securities” has the meaning set forth in Section 6.1 hereof. 

“Options” means any options (other than pursuant to Section 5 hereof) to subscribe for, purchase or otherwise
directly acquire shares of Common Stock. 
 “Original Purchase Price” has the meaning set forth in
Section 5.1.1(b) hereof. 
 “Over-Allocation Pro-Rata Portion” means, a number of Newly Issued Securities
not purchased by the Rollover Managers in accordance with Section 6.1 or the Principal Investors or the MD Investors in accordance with Section 5.1 of the Principal Investors Stockholders’ Agreement determined by multiplying
(i) the number of such Newly Issued Securities not purchased by the Rollover Managers in accordance with Section 6.1 or the Principal Investors or MD Investors in accordance with Section 5.1 of the Principal Investors
Stockholders’ Agreement by (ii) the percentage of the total Purchase Price Value of the Company Shares outstanding immediately prior to giving effect to such New Issuance held by all of the Rollover Managers, Principal Investors and MD
Investors that have elected to purchase more than their Pro Rata 

  
 26 

 
Portion (as defined herein, with respect to such Rollover Managers and as defined in the Principal Investors’ Stockholders’ Agreement with respect to such Principal Investors and MD
Investors) which the Purchase Price Value of the Company Shares held by the relevant Rollover Manager, Principal Investor or MD Investor desiring to purchase more than their Pro Rata Portion (as defined herein, with respect to such Rollover Managers
and as defined in the Principal Investors’ Stockholders’ Agreement with respect to such Principal Investors and MD Investors) pursuant to Section 6.1 hereof, or, in the case of the Principal Investors or the MD Investors, pursuant to
Section 5.1 of the Principal Investors Stockholders’ Agreement, constitutes. 
 “Participating
Seller” has the meaning set forth in Sections 4.4.1 hereof. 
 “Permitted Transferee” means,
(a) with respect to a Manager or a Permitted Transferee of a Manager that is a natural person, (i) a Member of the Immediate Family of such Manager and (ii) on such Manager’s or such Permitted Transferee’s death, such
Manager’s or Permitted Transferee’s executors, administrators, testamentary trustees, legatees or beneficiaries whether or not such recipients are Members of the Immediate Family of such holder and (b) with respect to a Manager’s
Permitted Transferee that is not a natural person, an Affiliate of such Manager, and the Manager. 
 “Person”
means an individual, partnership, limited liability company, corporation, trust, association, estate, unincorporated organization or a government or any agency or political subdivision thereof. 

“Preemptive Rights Notice” has the meaning set forth in Section 6.1 hereof. 

“Principal Investors” has the meaning set forth in the preamble. 

“Principal Investors Stockholders’ Agreement” means the Principal Investors Stockholders’ Agreement, dated
March 7, 2011, by and among the Company, Intermediate Holdings, the Principal Investors, the MD Investors, J. Crew and such other Persons who from time to time become party thereto in accordance with the terms thereof, as the same may be
amended from time to time. 
 “Pro Rata Portion” means: 

(a) for purposes of Section 4.1 (with respect to the right of first offer), with respect to each class of Company Shares, a number of
Company Shares of such class determined by multiplying (i) the number of Company Shares of such class subject to the right of first offer by (ii) a fraction, the numerator of which is the number of shares of Common Stock of such class held
by the relevant ROFO Offeree and the denominator of which is the aggregate number of shares of Common Stock of such class held by the ROFO Offerees who have elected to purchase Company Shares of such class covered by the relevant ROFO Notice;

 (b) for purposes of Section 4.2 (with respect to tag-along rights), with respect to each class of Company Shares, a
number of Company Shares of such class determined by multiplying (i) the number of Company Shares of such class held by the Tagging Stockholder by (ii) a fraction, the numerator of which is the number of Company Shares of such class
proposed to be 

  
 27 

 
Transferred by the Transferring Stockholder in connection with the Proposed Transfer and the denominator of which is the aggregate number of Company Shares of such class held by such Transferring
Stockholder; 
 (c) for purposes of Section 4.3 (with respect to drag-along rights), with respect to each class of Company
Shares, a number of Company Shares of such class determined by multiplying (i) the number of Company Shares of such class held by a Drag-Along Stockholder by (ii) a fraction, the numerator of which is the number of Company Shares of such
class proposed to be Transferred by TPG to the Drag-Along Buyer and the denominator of which is the aggregate number of Company Shares of such class held by TPG; and 
 (d) for purposes of Section 6.1 (with respect to preemptive rights), a number of Newly Issued Securities determined by multiplying (i) the number of Newly Issued Securities that the Company,
Intermediate Holdings, J. Crew or other relevant subsidiary, as applicable, proposes to issue on the relevant issuance date by (ii) the percentage of the total Purchase Price Value of Company Shares held by all Company Stockholders entitled to
preemptive rights hereunder or under the Principal Investors Stockholders’ Agreement immediately prior to giving effect to such New Issuance which the Purchase Price Value of the Company Shares held by the relevant Rollover Manager constitutes

 “Proposed Transfer” has the meaning set forth in Section 4.2 hereof. 

“Proposed Transferee” has the meaning set forth in Sections 4.2 hereof 

“Public Offering” means a public offering and sale of Common Stock for cash pursuant to an effective registration
statement under the Securities Act. 
 “Purchased Management Shares” means, with respect to a Manager (or a
Person to whom any Company Shares were originally issued at the request of such Manager) or direct or indirect Permitted Transferee of a Manager (or any such Person to whom any Company Shares were originally issued at the request of such Manager),
all of the Company Shares which are not Options, Warrants or Convertible Securities held by such Manager, person or Permitted Transferee, if applicable. 
 “Purchase Price Value” means: (a) $1.00, in the case of a share of Class A Stock and (b) $4.50, in the case of a share of Class L Stock, in each case appropriately adjusted
for any stock split, stock dividend, combination, recapitalization or the like involving such class. 

“Retirement” means retirement from active employment with the Company or an Affiliate after age 65, or after age 55 and
completion of at least 5 years of employment with the Company or an Affiliate, as applicable. 
 “ROFO Election
Period” has the meaning set forth in Section 4.1.2. 
 “ROFO Notice” has the meaning set for in
Section 4.1.1. 
 “ROFO Offeree” has the meaning set forth in Section 4.1. 

  
 28 

 “ROFO Purchaser” has the meaning set forth in Section 4.1.2.

 “ROFO Stockholder” has the meaning set forth in Section 4.1. 

“Rollover Equity” means Rollover Shares and Company Shares acquired upon the exercise of Rollover Options. 

“Rollover Manager” means each Manager that purchased or otherwise acquired Company Shares in exchange for shares of
common stock or options of J. Crew held by such Manager immediately prior to the Merger or shares purchased for cash in connection with the Merger. 
 “Rollover Options” means those options granted to the Rollover Managers in substitution for options of J. Crew granted to such Rollover Managers by J. Crew prior to the Merger and
outstanding immediately prior to the Merger. 
 “Rollover Shares” means those shares purchased or otherwise
acquired by the Rollover Managers in exchange for shares of J. Crew held by such Rollover Managers immediately prior to the Merger or shares purchased for cash in connection with the Merger. 

“Rule 144” means Rule 144 under the Securities Act (or any successor Rule). 

“Section 160” has the meaning set forth in Section 5.2.3 hereof. 

“Securities Act” means the United States Securities Act of 1933, as amended, and any successor thereto, and any rules
and regulations promulgated thereunder, all as the same shall be in effect from time to time. 
 “Stockholder”
means any holder of shares of Common Stock. 
 “Tag-Along Notice” has the meaning set forth in
Section 4.2.1 hereof. 
 “Tagging Stockholder” has the meaning set forth in Section 4.2 hereof.

 “TPG” means, collectively, TPG Chinos, L.P. and TPG Chinos Co-Invest, L.P., and each of their respective
Affiliates that is or becomes a holder of Company Shares under the Principal Investors Stockholders’ Agreement. 
 “Transfer” means, with respect to any Company Shares, a direct or indirect transfer, sale, exchange, assignment, pledge, hypothecation or other encumbrance or other disposition of such
Company Shares, including the grant of an option or other right, whether directly or indirectly, whether voluntarily, involuntarily or by operation of law; and “Transferred”, “Transferee” and
“Transferability” shall each have a correlative meaning. For the avoidance of doubt, from the date of this Agreement until (i) with respect to the Principal Investors or the MD Investors, the earlier of (A) the 5th anniversary of the Closing Date and (B) an Initial Public
Offering and (ii) with respect to the other Stockholders, an Initial Public Offering, it shall constitute a “Transfer” subject to the restrictions on Transfer contained or referenced in Section 3.1 if a transferee is not an
individual, a trust or an estate, and the transferor or an Affiliate thereof ceases to control such transferee (in which case, the applicable Stockholder shall cause such former Affiliate to 

  
 29 

 
promptly Transfer all Company Shares held by such former Affiliate to a Permitted Transferee of such Stockholder). 
 “Transferring Stockholder” has the meaning set forth in Section 4.2 hereof. 
 “Warrants” means any warrants to subscribe for, purchase or otherwise directly acquire Company Shares. 
 11. CONFIDENTIALITY; RESTRICTIVE COVENANT AGREEMENT. To protect the interests of the Company and its direct and indirect subsidiaries (collectively, the “J.Crew Companies”), including the
confidential information of the J.Crew Companies and the confidential information of their respective customers, data suppliers, prospective customers and other companies with which the J.Crew Companies have a business relationship, and in
consideration of the covenants and promises and other valuable consideration described in this Agreement, the Company and Manager agree as follows: 
 11.1. Nondisclosure; Return of Documents; Ownership of Work. Each Manager acknowledges and agrees that he or she remains bound by the confidentiality and other covenants contained in the
restrictive covenant and confidentiality agreements that he or she has executed with the Company or its subsidiaries, and that any covenants in such agreements shall remain in full force and effect in accordance with their terms. Each Manager also
acknowledges and agrees that the Company shall be an affiliate for purposes of such restrictive covenant and confidentiality agreements. Additionally, each Manager shall keep confidential this Agreement, the transactions contemplated hereby and any
non-public information received pursuant to this Agreement and shall not disclose, issue any press release or otherwise make any public statement in connection therewith without the prior written consent of the Majority Principal Investors and the
Company; provided that such Manager may disclose any such information (i) as has become generally available to the public, (ii) to the extent necessary in order to comply with any law, order, regulation, ruling or stock exchange rules
applicable to such Manager and (iii) as may be required in response to any summons or subpoena or in connection with any litigation, it being agreed that, unless such information has been generally available to the public, if such information
is being requested pursuant to a summons or subpoena or a discovery request in connection with a litigation, (x) such Manager shall, to the extent permitted by applicable law, give the Company notice of such request and shall cooperate with the
Company at the Company’s request so that the Company may, in its discretion, seek a protective order or other appropriate remedy, if available, and (y) in the event that such protective order is not obtained (or sought by the Company after
notice), such Manager (a) shall furnish only that portion of the information which, in accordance with the advice of counsel, is legally required to be furnished and (b) will exercise its reasonable efforts to obtain assurances that
confidential treatment will be accorded such information. 
 11.2. Non-Competition and Non-Solicitation.
Each Manager acknowledges the opportunity to participate in the Company’s Option or Common Stock investment programs, as the case may be, and the financial benefits that may accrue from such participation, is good, valuable and sufficient
consideration for each Manager’s acknowledgement and agreement that he or she remains bound by the non-competition and non-solicitation 

  
 30 

 
covenants contained in the restrictive covenant agreement(s) that he or she has executed with any of the J.Crew Companies, if applicable. 

12. MISCELLANEOUS. 
 12.1. Authority; Effect. Each party hereto represents and warrants to and agrees with each other party that the execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby have been duly authorized on behalf of such party and do not violate any agreement or other instrument applicable to such party or by which its assets are bound. This Agreement does not, and may not be construed to, give rise to
the creation of a partnership among any of the parties hereto, or to constitute any of such parties members of a joint venture or other association. The Company shall cause its subsidiaries to be jointly and severally liable for any payment
obligation of the Company pursuant to this Agreement. 
 12.2. Notices. Unless otherwise specified herein,
all notices, consents, approvals, reports, designations, requests, waivers, elections and other communications authorized or required to be given pursuant to this Agreement shall be in writing and shall be given, made or delivered by personal
hand-delivery, by facsimile transmission, by electronic mail, by mailing the same in a sealed envelope, registered first-class mail, postage prepaid, return receipt requested, or by air courier guaranteeing overnight delivery (and such notice shall
be deemed to have been duly given, made or delivered (a) on the date received, if delivered by personal hand delivery, (b) on the date received, if delivered by facsimile transmission, by electronic mail or by registered first-class mail
prior to 5:00 p.m. prevailing local time on a Business Day, or if delivered after 5:00 p.m. prevailing local time on a Business Day or on other than a Business Day, on the first Business Day thereafter and (c) two (2) Business Days after
being sent by air courier guaranteeing overnight delivery), addressed to the Stockholder at the following addresses (or at such other address for a Stockholder as shall be specified by like notice): 

if to the Company to: 
 TPG Capital, L.P. 
 345 California Street, Suite 3300 

San Francisco, CA 94104 
 Attention: General Counsel 
 Facsimile: 415-743-1501 

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

  
 31 

 Ropes & Gray LLP 

The Prudential Tower 
 800 Boylston Street 
 Boston, Massachusetts 02119 

			
	Attention:	  	Alfred O. Rose, Esq.
		  	Julie H. Jones, Esq.
	Facsimile: 617-951-7050

 If to J.Crew: 
 J. Crew Group Inc. 
 770 Broadway 12th Floor 

New York, NY 10003 
 Attention: General Counsel 
 Facsimile: 203-845-5302 

with a copy (which shall not constitute notice) to: 
 Ropes & Gray LLP 
 The Prudential Tower 

800 Boylston Street 
 Boston, Massachusetts 02119 

			
	Attention:	  	Alfred O. Rose, Esq.
		  	Julie H. Jones, Esq.
	Facsimile: 617-951-7050

 If to the Principal Investors: 
 TPG Capital, L.P. 
 345 California Street, Suite 3300 

San Francisco, CA 94104 
 Attention: General Counsel 
 Facsimile: 415-743-1501 

with a copy (which shall not constitute notice) to: 
 Ropes & Gray LLP 
 The Prudential Tower 

800 Boylston Street 
 Boston, Massachusetts 02119 

			
	Attention:	  	Alfred O. Rose, Esq.
		  	Julie H. Jones, Esq.
	Facsimile: 617-951-7050

 and 

  
 32 

 Leonard Green & Partners 

11111 Santa Monica Boulevard Suite 2000 
 Los Angeles, CA 90025 

			
	Attention:	  	James D. Halper
		  	Todd M. Purdy
	Facsimile: 310-954-0404

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

Latham & Watkins LLP 
 885 Third Avenue 
 New York, NY 10022 

			
	Attention:	  	Howard A. Sobel, Esq.
		  	Jason Silvera, Esq.
	Facsimile: 212-751-4864

 If to a Manager, to the most recent address of such Manager shown on the records of the Company.

 Notice to the holder of record of any shares of capital stock will be deemed to be notice to the holder of such shares for
all purposes hereof. 
 12.3. Binding Effect, Etc. Except for restrictions on Transfer of Company Shares
set forth in other agreements, plans or other documents and except for such other agreements entered into by and among the Company, Chinos Acquisition Corporation, the Principal Investors and MD Investors, this Agreement constitutes the entire
agreement of the parties with respect to its subject matter, supersedes all prior or contemporaneous oral or written agreements or discussions with respect to such subject matter, and will be binding upon and inure to the benefit of the parties
hereto and their respective heirs, representatives, successors and assigns and there shall be no third-party beneficiaries to this Agreement. Notwithstanding the foregoing, in the event of any conflict between the provisions of this Agreement and
the provisions of the Principal Investors Stockholders’ Agreement, the provisions of the Principal Investors Stockholders’ Agreement shall govern. Except as otherwise expressly provided herein or in connection with a Transfer of Company
Shares by a Principal Investor or MD Investor, no Principal Investor, Manager or other party hereto may assign any of its respective rights or delegate any of its respective obligations under this Agreement without the prior written consent of the
other parties hereto, and any attempted assignment or delegation in violation of the foregoing will be null and void. This Agreement reflects the mutual intent of the parties and no rule of construction against the drafting party will apply.

 12.4. Counterparts. This Agreement may be executed in any number of separate counterparts each of which
when so executed shall be deemed to be an original and all of which together shall constitute one and the same agreement. 
 12.5. Severability. In the event that any provision of this Agreement shall be invalid, illegal or unenforceable such provision shall be construed by limiting it so as to be valid,

  
 33 

 
legal and enforceable to the maximum extent provided by law and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 12.6. No Recourse. Notwithstanding anything that may be expressed or implied in this Agreement, the
Company, Merger Sub, Intermediate Holdings, J.Crew and each holder of Company Shares hereunder covenant, agree and acknowledge that no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement may be
had against any current or future director, officer, employee, general or limited partner, manager, member or stockholder of any Company stockholder or of any Affiliate or assignee thereof, as such, whether by the enforcement of any assessment or by
any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever will attach to, be imposed on or otherwise be incurred by any
current or future director, officer, employee, general or limited partner, manager, member or stockholder of any Company stockholder or of any Affiliate or assignee thereof, as such, for any obligation of any Company stockholder under this Agreement
or any documents or instruments delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations or their creation; provided that, for the avoidance of doubt, the foregoing shall not apply with
respect to the obligations set forth in Section 5 and any breach by any Manager or his, her or its Permitted Transferees of any obligations under this Agreement. Each Manager acknowledges that it is not relying upon any person, firm or
corporation (including without limitation any other Manager or any Principal Investor), other than the Company and its officers, directors and other representatives (acting solely in their capacity as representatives of the Company), in deciding to
invest and in making its investment in the Company. Each Manager agrees that no other Manager or Principal Investor nor the respective controlling persons, officers, directors, partners, members, agents or employees of any other Manager or Principal
Investor shall be liable to such Manager for any losses incurred by such Manager in connection with its investment in the Company. 
 12.7. Merger with J. Crew. In the event of any merger, statutory share exchange or other business combination of the Company with Intermediate Holdings, J. Crew or any of J. Crew’s
subsidiaries, (i) each of the Stockholders and Intermediate Holdings or J. Crew (or, if different, the surviving entity of the merger) shall execute a shareholders’ agreement with terms that are equivalent to this Agreement;
provided that such shareholders’ agreement shall terminate upon the same terms and conditions as provided herein and (ii) the Company shall cause any registration rights held by the Company in respect of any securities of
Intermediate Holdings or J. Crew (or, if different, the surviving entity of the merger) distributed by the Company to be assigned to the Stockholders pro rata in accordance with the Purchase Price Value of the aggregate Company Shares
held by such Stockholder. 
 12.8. Waiver by Stockholders. The rights and obligations contained in this
Agreement are in addition to the relevant provisions of the Certificate of Incorporation and by-laws of the Company in force from time to time and shall be construed to comply with such provisions. To the extent that this Agreement is determined to
be in contravention of the Certificate of Incorporation or by-laws of the Company, this Agreement shall constitute a waiver by each Stockholder, to the fullest extent permissible under applicable laws, of any

  
 34 

 
right such Stockholder may have pursuant to the Certificate of Incorporation or by-laws of the Company that is inconsistent with this Agreement and the Stockholders and the Company shall take all
necessary action to effect an amendment of the Certificate of Incorporation and by-laws of the Company, to the extent permissible under applicable law, in order to resolve such contravention. 

12.9. J. Crew Liability. J. Crew and Intermediate Holdings agree that each shall be jointly and severally liable
with the Company with respect to all of the Company’s payment and other obligations hereunder, including any payments for any breach by the Company of the provisions hereof and any indemnification obligations hereunder. 

13. GOVERNING LAW. 
 13.1. Governing Law. This Agreement and any related dispute shall be governed by and construed in accordance with the laws of the State of Delaware. 

13.2. Jurisdiction. ANY ACTION OR PROCEEDING AGAINST THE PARTIES RELATING IN ANY WAY TO THIS AGREEMENT MAY BE
BROUGHT EXCLUSIVELY IN THE COURTS OF THE STATE OF DELAWARE OR (TO THE EXTENT SUBJECT MATTER JURISDICTION EXISTS THEREFORE) THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE, AND THE PARTIES IRREVOCABLY SUBMIT TO THE JURISDICTION OF BOTH
SUCH COURTS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING. ANY ACTIONS OR PROCEEDINGS TO ENFORCE A JUDGMENT ISSUED BY ONE OF THE FOREGOING COURTS MAY BE ENFORCED IN ANY JURISDICTION. 

13.3. WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH SHAREHOLDER
WAIVES, AND COVENANTS THAT SUCH PARTY WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM OR PROCEEDING ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR
IN ANY WAY CONNECTED WITH THE DEALINGS OF ANY SHAREHOLDER OR THE COMPANY IN CONNECTION WITH ANY OF THE ABOVE, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING AND WHETHER IN CONTRACT, TORT OR OTHERWISE. THE COMPANY OR ANY STOCKHOLDER MAY FILE
AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 13.3 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE STOCKHOLDERS TO THE WAIVER OF THEIR RIGHTS TO TRIAL BY JURY. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER
PARTIES HERETO THAT THIS SECTION 13.3 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY
OF THIS SECTION 13.3 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 

  
 35 

 13.4. Exercise of Rights and Remedies. No delay of or omission in the
exercise of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement will impair any such right, power or remedy, nor will it be construed as a waiver of or acquiescence in any
such breach or default, or of any similar breach or default occurring later; nor will any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver.

 [The remainder of this page is intentionally left blank] 

  
 36 

 IN WITNESS WHEREOF, each of the undersigned has duly executed this Agreement (or caused this
Agreement to be executed on its behalf by its officer or representative thereunto duly authorized) as of the date and year first above written. 
  

			
	CHINOS HOLDINGS, INC.
		
	By:	 	 /s/ Ronald Cami

		 	    Name: Ronald Cami
		 	    Title: Vice President and Secretary
	
	CHINOS ACQUISITION CORPORATION
		
	By:	 	 /s/ Ronald Cami

		 	    Name: Ronald Cami
		 	    Title: Vice President and Secretary
	
	CHINOS INTERMEDIATE HOLDINGS A, INC.
		
	By:	 	 /s/ Ronald Cami

		 	    Name: Ronald Cami
		 	    Title: Vice President and Secretary
	
	CHINOS INTERMEDIATE HOLDINGS A, INC.
		
	By:	 	 /s/ Ronald Cami

		 	    Name: Ronald Cami
		 	    Title: Vice President and Secretary

 [Management Stockholders Agreement] 

 
			
	TPG CHINOS, L.P.
		
	By:	 	TPG advisors VI, Inc. its General Partner
		
	 By:
	 	 /s/ Ronald Cami

		 	    Name: Ronald Cami
		 	    Title: Vice President
	
	TPG CHINOS CO-INVEST, L.P.
		
	 By:
	 	TPG advisors VI, Inc. its General Partner
		
	 By:
	 	 /s/ Ronald Cami

		 	    Name: Ronald Cami
		 	    Title: Vice President

 [Management Stockholders Agreement] 

			
	
	 /s/ Millard S. Drexler

	 Millard S. Drexler

	
	 THE DREXLER FAMILY REVOCABLE TRUST

		
	 By:
	 	 /s/ Millard S. Drexler

		 	Name: Millard S. Drexler
		 	Title:
	
	 THE MILLARD S. DREXLER 2009 GRANTOR RETAINED ANNUITY TRUST #1

		
	 By:
	 	 /s/ Millard S. Drexler

		 	Name: Millard S. Drexler
		 	Title:
	
	 THE MILLARD S. DREXLER 2009 GRANTOR RETAINED ANNUITY TRUST #2

		
	 By:
	 	 /s/ Millard S. Drexler

		 	Name: Millard S. Drexler
		 	Title:

 [Management Stockholders Agreement] 

 
			
	GREEN EQUITY INVESTORS V, L.P.
		
	By:	 	GEI CAPITAL V, LLC, its General Partner
		
	By:	 	 /s/ Jamie Halper

	Name:	 	JAMIE HALPER
	Title:	 	
	
	GREEN EQUITY INVESTORS SIDE V, L.P.
		
	 By:
	 	GEI CAPITAL V, LLC, its General Partner
		
	By:	 	 /s/ Jamie Halper

	Name:	 	JAMIE HALPER
	Title:	 	
	
	LGP CHINO COINVEST LLC
		
	By:	 	Leonard Green & Partners, L.P., its Manager
		
	By:	 	 /s/ Jamie Halper

	Name:	 	JAMIE HALPER
	Title:	 	

 [Management Stockholders Agreement] 

 MANAGER: 

 

					
			
		 	 /s/ Jenna Lyons
	 	
		 	Name: Jenna Lyons	 	

 MANAGER: 

 

					
			
		 	 /s/ Laura Willensky
	 	
		 	Name: Laura Willensky	 	

 MANAGER: 

 

					
			
		 	 /s/ Ashley Sargent
	 	
		 	Name: Ashley Sargent	 	

 MANAGER: 

 

					
			
		 	 /s/ James Scully
	 	
		 	Name: James Scully	 	

 MANAGER: 

 

					
			
		 	 /s/ Libby Potter
	 	
		 	Name: Libby Potter	 	

 MANAGER: 

 

					
			
		 	 /s/ Linda Markoe Anticev
	 	
		 	Name: Linda Markoe Anticev	 	

 MANAGER: 

 

					
			
		 	 /s/ Charles Phillips
	 	
		 	Name: Charles Phillips	 	

 MANAGER: 

 

					
			
		 	 /s/ Valerie VanOgtrop
	 	
		 	Name: Valerie VanOgtrop	 	

 MANAGER: 

 

					
			
		 	 /s/ Jennifer O’Connor
	 	
		 	Name: Jennifer O’Connor	 	

 MANAGER: 

 

					
			
		 	 /s/ Patricia Donnelly Davidson
	 	
		 	Name: Patricia Donnelly Davidson	 	

 MANAGER: 

 

					
			
		 	 /s/ Marc Saffer
	 	
		 	Name: Marc Saffer	 	

 MANAGER: 

 

					
			
		 	 /s/ Anthony Brown
	 	
		 	Name: Anthony Brown	 	

 MANAGER: 

 

					
			
		 	 /s/ Scott Hyatt
	 	
		 	Name: Scott Hyatt	 	

 MANAGER: 

 

					
			
		 	 /s/ Michael R. Salmon
	 	
		 	Name: Michael R. Salmon	 	

 MANAGER: 

 

					
			
		 	 /s/ Jill Hennessey Brown
	 	
		 	Name: Jill Hennessey Brown	 	

 MANAGER: 

 

					
			
		 	 /s/ Stuart Haselden
	 	
		 	Name: Stuart Haselden	 	

 MANAGER: 

 

					
			
		 	 /s/ Daphne Smith
	 	
		 	Name: Daphne Smith	 	

 MANAGER: 

 

					
			
		 	 /s/ Mary Chan
	 	
		 	Name: Mary Chan	 	

 MANAGER: 

 

					
			
		 	 /s/ Sui Chan
	 	
		 	Name: Sui Chan	 	

 MANAGER: 

 

					
			
		 	 /s/ Holly Cohen
	 	
		 	Name: Holly Cohen	 	

 MANAGER: 

 

					
			
		 	 /s/ Jenny Cooper
	 	
		 	Name: Jenny Cooper	 	

 MANAGER: 

 

					
			
		 	 /s/ Margot Fooshee
	 	
		 	Name: Margot Fooshee	 	

 MANAGER: 

 

					
			
		 	 /s/ Jill Gold
	 	
		 	Name: Jill Gold	 	

 MANAGER: 

 

					
			
		 	 /s/ Renee Heim
	 	
		 	Name: Renee Heim	 	

 MANAGER: 

 

					
			
		 	 /s/ Kevin Kelly
	 	
		 	Name: Kevin Kelly	 	

 MANAGER: 

 

					
			
		 	 /s/ Kent Knutson
	 	
		 	Name: Kent Knutson	 	

 MANAGER: 

 

					
			
		 	 /s/ Diana Lastella
	 	
		 	Name: Diana Lastella	 	

 MANAGER: 

 

					
			
		 	 /s/ Kin Ying Lee
	 	
		 	Name: Kin Ying Lee	 	

 MANAGER: 

 

					
			
		 	 /s/ Daniel Leung
	 	
		 	Name: Daniel Leung	 	

 MANAGER: 

 

					
			
		 	 /s/ Heather McAuliffe
	 	
		 	Name: Heather McAuliffe	 	

 MANAGER: 

 

					
			
		 	 /s/ Charlie Miller
	 	
		 	Name: Charlie Miller	 	

 MANAGER: 

 

					
			
		 	 /s/ Thomas Mora
	 	
		 	Name: Thomas Mora	 	

 MANAGER: 

 

					
			
		 	 /s/ James Garrett Putney
	 	
		 	Name: James Garrett Putney	 	

 MANAGER: 

 

					
			
		 	 /s/ Gayle Spannaus
	 	
		 	Name: Gayle Spannaus	 	

 MANAGER: 

 

					
			
		 	 /s/ Brian Sullivan
	 	
		 	Name: Brian Sullivan	 	

 MANAGER: 

 

					
			
		 	 /s/ Cindy Yuen
	 	
		 	Name: Cindy YuenSenior Debt Indenture

 Exhibit 4.9 
 TRIUS THERAPEUTICS, INC., 
 Issuer 

AND 

U.S. BANK NATIONAL ASSOCIATION, 
 Trustee 
  

 
 INDENTURE

 Dated as of September 1, 2011 

 
  

Senior Debt Securities 
  

 

  

 TABLE OF CONTENTS 

 

											
	ARTICLE 1         DEFINITIONS	  	 	1	  
				
		  	 	Section 1.01	  	  	 Definitions of Terms
	  	 	1	  
		
	ARTICLE 2         ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES	  	 	4	  
				
		  	 	Section 2.01	  	  	 Designation and Terms of Securities
	  	 	4	  
				
		  	 	Section 2.02	  	  	 Form of Securities and Trustee’s Certificate
	  	 	5	  
				
		  	 	Section 2.03	  	  	 Denominations: Provisions for Payment
	  	 	6	  
				
		  	 	Section 2.04	  	  	 Execution and Authentications
	  	 	7	  
				
		  	 	Section 2.05	  	  	 Registration of Transfer and Exchange
	  	 	7	  
				
		  	 	Section 2.06	  	  	 Temporary Securities
	  	 	8	  
				
		  	 	Section 2.07	  	  	 Mutilated, Destroyed, Lost or Stolen Securities
	  	 	8	  
				
		  	 	Section 2.08	  	  	 Cancellation
	  	 	9	  
				
		  	 	Section 2.09	  	  	 Benefits of Indenture
	  	 	9	  
				
		  	 	Section 2.10	  	  	 Authenticating Agent
	  	 	9	  
				
		  	 	Section 2.11	  	  	 Global Securities
	  	 	9	  
		
	ARTICLE 3         REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS	  	 	10	  
				
		  	 	Section 3.01	  	  	 Redemption
	  	 	10	  
				
		  	 	Section 3.02	  	  	 Notice of Redemption
	  	 	10	  
				
		  	 	Section 3.03	  	  	 Payment Upon Redemption
	  	 	11	  
				
		  	 	Section 3.04	  	  	 Sinking Fund
	  	 	11	  
				
		  	 	Section 3.05	  	  	 Satisfaction of Sinking Fund Payments with Securities
	  	 	12	  
				
		  	 	Section 3.06	  	  	 Redemption of Securities for Sinking Fund
	  	 	12	  
		
	ARTICLE 4         COVENANTS	  	 	12	  
				
		  	 	Section 4.01	  	  	 Payment of Principal, Premium and Interest
	  	 	12	  
				
		  	 	Section 4.02	  	  	 Maintenance of Office or Agency
	  	 	12	  
				
		  	 	Section 4.03	  	  	 Paying Agents
	  	 	13	  
				
		  	 	Section 4.04	  	  	 Appointment to Fill Vacancy in Office of Trustee
	  	 	13	  

  
 i 

									
		  	Section 4.05	  	Compliance with Consolidation Provisions	  	 	13	  
		
	ARTICLE 5 SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE	  	 	14	  
				
		  	Section 5.01	  	Company to Furnish Trustee Names and Addresses of Securityholders	  	 	14	  
				
		  	Section 5.02	  	Preservation Of Information; Communications With Securityholders	  	 	14	  
				
		  	Section 5.03	  	Reports by the Company	  	 	14	  
				
		  	Section 5.04	  	Reports by the Trustee	  	 	14	  
		
	ARTICLE 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	  	 	15	  
				
		  	Section 6.01	  	Events of Default	  	 	15	  
				
		  	Section 6.02	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	16	  
				
		  	Section 6.03	  	Application of Moneys Collected	  	 	17	  
				
		  	Section 6.04	  	Limitation on Suits	  	 	17	  
				
		  	Section 6.05	  	Rights and Remedies Cumulative; Delay or Omission Not Waiver	  	 	18	  
				
		  	Section 6.06	  	Control by Securityholders	  	 	18	  
				
		  	Section 6.07	  	Undertaking to Pay Costs	  	 	18	  
		
	ARTICLE 7 CONCERNING THE TRUSTEE	  	 	19	  
				
		  	Section 7.01	  	Certain Duties and Responsibilities of Trustee	  	 	19	  
				
		  	Section 7.02	  	Certain Rights of Trustee	  	 	20	  
				
		  	Section 7.03	  	Trustee Not Responsible for Recitals or Issuance or Securities	  	 	20	  
				
		  	Section 7.04	  	May Hold Securities	  	 	21	  
				
		  	Section 7.05	  	Moneys Held in Trust	  	 	21	  
				
		  	Section 7.06	  	Compensation and Reimbursement	  	 	21	  
				
		  	Section 7.07	  	Reliance on Officers’ Certificate	  	 	21	  
				
		  	Section 7.08	  	Disqualification; Conflicting Interests	  	 	21	  
				
		  	Section 7.09	  	Corporate Trustee Required; Eligibility	  	 	22	  
				
		  	Section 7.10	  	Resignation and Removal; Appointment of Successor	  	 	22	  
				
		  	Section 7.11	  	Acceptance of Appointment By Successor	  	 	23	  

  
 ii 

									
		  	Section 7.12	  	Merger, Conversion, Consolidation or Succession to Business	  	 	24	  
				
		  	Section 7.13	  	Preferential Collection of Claims Against the Company	  	 	24	  
				
		  	Section 7.14	  	Notice of Default	  	 	24	  
		
	 ARTICLE 8 CONCERNING THE SECURITYHOLDERS
	  	 	24	  
				
		  	Section 8.01	  	Evidence of Action by Securityholders	  	 	24	  
				
		  	Section 8.02	  	Proof of Execution by Securityholders	  	 	25	  
				
		  	Section 8.03	  	Who May be Deemed Owners	  	 	25	  
				
		  	Section 8.04	  	Certain Securities Owned by Company Disregarded	  	 	25	  
				
		  	Section 8.05	  	Actions Binding on Future Securityholders	  	 	25	  
		
	 ARTICLE 9 SUPPLEMENTAL INDENTURES
	  	 	26	  
				
		  	Section 9.01	  	Supplemental Indentures Without the Consent of Securityholders	  	 	26	  
				
		  	Section 9.02	  	Supplemental Indentures With Consent of Securityholders	  	 	26	  
				
		  	Section 9.03	  	Effect of Supplemental Indentures	  	 	27	  
				
		  	Section 9.04	  	Securities Affected by Supplemental Indentures	  	 	27	  
				
		  	Section 9.05	  	Execution of Supplemental Indentures	  	 	27	  
		
	 ARTICLE 10 SUCCESSOR ENTITY
	  	 	28	  
				
		  	Section 10.01	  	Company May Consolidate, Etc.	  	 	28	  
				
		  	Section 10.02	  	Successor Entity Substituted	  	 	28	  
				
		  	Section 10.03	  	Evidence of Consolidation, Etc. to Trustee	  	 	28	  
		
	 ARTICLE 11 SATISFACTION AND DISCHARGE
	  	 	29	  
				
		  	Section 11.01	  	Satisfaction and Discharge of Indenture	  	 	29	  
				
		  	Section 11.02	  	Discharge of Obligations	  	 	29	  
				
		  	Section 11.03	  	Deposited Moneys to be Held in Trust	  	 	29	  
				
		  	Section 11.04	  	Payment of Moneys Held by Paying Agents	  	 	29	  
				
		  	Section 11.05	  	Repayment to Company	  	 	29	  
		
	 ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
	  	 	30	  
				
		  	Section 12.01	  	No Recourse	  	 	30	  

  
 iii

									
	ARTICLE 13 MISCELLANEOUS PROVISIONS	  	 	30	  
				
		  	Section 13.01	  	Effect on Successors and Assigns	  	 	30	  
				
		  	Section 13.02	  	Actions by Successor	  	 	30	  
				
		  	Section 13.03	  	Surrender of Company Powers	  	 	30	  
				
		  	Section 13.04	  	Notices	  	 	30	  
				
		  	Section 13.05	  	Governing Law	  	 	31	  
				
		  	Section 13.06	  	Treatment of Securities as Debt	  	 	31	  
				
		  	Section 13.07	  	Certificates and Opinions as to Conditions Precedent	  	 	31	  
				
		  	Section 13.08	  	Payments on Business Days	  	 	31	  
				
		  	Section 13.09	  	Conflict with Trust Indenture Act	  	 	31	  
				
		  	Section 13.10	  	Counterparts	  	 	31	  
				
		  	Section 13.11	  	Separability	  	 	31	  
				
		  	Section 13.12	  	Compliance Certificates	  	 	32	  

  

	(1)	This Table of Contents does not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions.

  
 iv 

 INDENTURE 
 INDENTURE, dated as of September 1, 2011, among TRIUS THERAPEUTICS, INC., a Delaware corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION , as trustee (the
“Trustee”): 
 WHEREAS, for its lawful corporate purposes, the Company has duly authorized the execution and
delivery of this Indenture to provide for the issuance of senior debt securities (hereinafter referred to as the “Securities”), in an unlimited aggregate principal amount to be issued from time to time in one or more series as in this
Indenture provided, as registered Securities without coupons, to be authenticated by the certificate of the Trustee; 

WHEREAS, to provide the terms and conditions upon which the Securities are to be authenticated, issued and delivered, the Company
has duly authorized the execution of this Indenture; and 
 WHEREAS, all things necessary to make this Indenture a valid
agreement of the Company, in accordance with its terms, have been done. 
 NOW, THEREFORE, in consideration of the
premises and the purchase of the Securities by the holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the holders of Securities: 

ARTICLE 1 
 DEFINITIONS 
 Section 1.01 Definitions of Terms.

 The terms defined in this Section (except as in this Indenture or any indenture supplemental hereto otherwise expressly
provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section and shall include the plural as well as the singular.
All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as herein or any indenture supplemental hereto
otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this instrument. 

“Authenticating Agent” means an authenticating agent with respect to all or any of the series of Securities
appointed by the Trustee pursuant to Section 2.10. 
 “Bankruptcy Law” means Title 11, U.S. Code,
or any similar federal or state law for the relief of debtors. 
 “Board of Directors” means the Board
of Directors of the Company or any duly authorized committee of such Board. 
 “Board Resolution” means
a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification. 

“Business Day” means, with respect to any series of Securities, any day other than a day on which federal or
state banking institutions in the Borough of Manhattan, the City of New York, or in the city of the Corporate Trust Office of the Trustee, are authorized or obligated by law, executive order or regulation to close. 

“Certificate” means a certificate signed by any Officer. The Certificate need not comply with the provisions of
Section 13.07. 
 “Company” means TRIUS THERAPEUTICS, INC., a corporation duly organized and
existing under the laws of the State of Delaware, and, subject to the provisions of Article Ten, shall also include its successors and assigns. 

  
 1 

 “Corporate Trust Office” means the office of the
Trustee at which, at any particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at 633 West Fifth Street, 24 th Floor, Los Angeles, CA 90071. 
 “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

“Default” means any event, act or condition that with notice or lapse of time, or both, would constitute an Event
of Default. 
 “Depositary” means, with respect to Securities of any series for which the Company shall
determine that such Securities will be issued as a Global Security, The Depository Trust Company, New York, New York, another clearing agency, or any successor registered as a clearing agency under the Securities and Exchange Act of 1934, as amended
(the “Exchange Act”), or other applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to either Section 2.01 or 2.11. 

“Event of Default” means, with respect to Securities of a particular series, any event specified in
Section 6.01, continued for the period of time, if any, therein designated. 
 “Global Security”
means, with respect to any series of Securities, a Security executed by the Company and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in
the name of the Depositary or its nominee. 
 “Governmental Obligations” means securities that are
(a) direct obligations of the United States of America for the payment of which its full faith and credit is pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States
of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America that, in either case, are not callable or redeemable at the option of the issuer thereof at any time prior to the
stated maturity of the Securities, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental
Obligation held by such custodian for the account of the holder of such depositary receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such
depositary receipt from any amount received by the custodian in respect of the Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt. 

“herein”, “hereof” and “hereunder”, and other words of similar
import, refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or
amended by one or more indentures supplemental hereto entered into in accordance with the terms hereof. 
 “Interest
Payment Date”, when used with respect to any installment of interest on a Security of a particular series, means the date specified in such Security or in a Board Resolution or in an indenture supplemental hereto with respect to such
series as the fixed date on which an installment of interest with respect to Securities of that series is due and payable. 

“Officer” means, with respect to the Company, the chairman of the Board of Directors, a chief executive officer,
a president, a chief financial officer, a chief legal officer, any executive vice president, any senior vice president, any vice president, the treasurer or any assistant treasurer, the controller or any assistant controller or the secretary or any
assistant secretary. 
 “Officers’ Certificate” means a certificate signed by any two Officers.
Each such certificate shall include the statements provided for in Section 13.07, if and to the extent required by the provisions thereof. 
 “Opinion of Counsel” means an opinion in writing subject to customary exceptions of legal counsel, who may be an employee of or counsel for the Company, that is delivered to the
Trustee in accordance with the terms hereof. Each such opinion shall include the statements provided for in Section 13.07, if and to the extent required by the provisions thereof. 

  
 2 

 “Outstanding”, when used with reference to Securities of any series,
means, subject to the provisions of Section 8.04, as of any particular time, all Securities of that series theretofore authenticated and delivered by the Trustee under this Indenture, except (a) Securities theretofore canceled by the
Trustee or any paying agent, or delivered to the Trustee or any paying agent for cancellation or that have previously been canceled; (b) Securities or portions thereof for the payment or redemption of which moneys or Governmental Obligations in
the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Company) or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own paying agent);
provided, however, that if such Securities or portions of such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as in Article Three provided, or provision satisfactory to the Trustee
shall have been made for giving such notice; and (c) Securities in lieu of or in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section 2.07. 

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

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of
the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the
same debt as the lost, destroyed or stolen Security. 
 “Responsible Officer” when used with respect to
the Trustee means any trust officer, any corporate trust officer or any other officer or assistant officer of the Trustee customarily performing functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular subject. 
 “Securities” means the debt Securities authenticated and delivered under this Indenture. 
 “Securityholder”, “holder of Securities”, “registered holder”, or other similar term, means the Person or Persons in whose name or names a particular Security
shall be registered on the books of the Company kept for that purpose in accordance with the terms of this Indenture. 

“Security Register” and “Security Registrar” shall have the meanings as set forth in
Section 2.05. 
 “Subsidiary” means, with respect to any Person, (i) any corporation at least
a majority of whose outstanding Voting Stock shall at the time be owned, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, (ii) any general partnership, joint
venture or similar entity, at least a majority of whose outstanding partnership or similar interests shall at the time be owned by such Person, or by one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries and
(iii) any limited partnership of which such Person or any of its Subsidiaries is a general partner. 

“Trustee” means U.S. Bank National Association, and, subject to the provisions of Article Seven, shall also
include its successors and assigns, and, if at any time there is more than one Person acting in such capacity hereunder, “Trustee” shall mean each such Person. The term “Trustee” as used with respect to a particular series of the
Securities shall mean the trustee with respect to that series. 
 “Trust Indenture Act” means the Trust
Indenture Act of 1939, as amended. 
 “Voting Stock”, as applied to stock of any Person, means shares,
interests, participations or other equivalents in the equity interest (however designated) in such Person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such Person, other than shares, interests,
participations or other equivalents having such power only by reason of the occurrence of a contingency. 

  
 3 

 ARTICLE 2 

ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES 

Section 2.01 Designation and Terms of Securities. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The
Securities may be issued in one or more series up to the aggregate principal amount of Securities of that series from time to time authorized by or pursuant to a Board Resolution or pursuant to one or more indentures supplemental hereto. Prior to
the initial issuance of Securities of any series, there shall be established in or pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto: 

(1) the title of the Securities of the series (which shall distinguish the Securities of that series from all
other Securities); 
 (2) any limit upon the aggregate principal amount of the Securities of that
series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of that series); 

(3) the date or dates on which the principal of the Securities of the series is payable, any original issue
discount that may apply to the Securities of that series upon their issuance, the principal amount due at maturity, and the place(s) of payment; 
 (4) the rate or rates at which the Securities of the series shall bear interest or the manner of calculation of such rate or rates, if any; 

(5) the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest
will be payable or the manner of determination of such Interest Payment Dates, the place(s) of payment, and the record date for the determination of holders to whom interest is payable on any such Interest Payment Dates or the manner of
determination of such record dates; 
 (6) the right, if any, to extend the interest payment periods
and the duration of such extension; 
 (7) the period or periods within which, the price or prices at
which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company; 
 (8) the obligation, if any, of the Company to redeem or purchase Securities of the series pursuant to any sinking fund, mandatory redemption, or analogous provisions (including payments made
in cash in satisfaction of future sinking fund obligations) or at the option of a holder thereof and the period or periods within which, the price or prices at which, and the terms and conditions upon which, Securities of the series shall be
redeemed or purchased, in whole or in part, pursuant to such obligation; 
 (9) the form of the
Securities of the series including the form of the Certificate of Authentication for such series; 

(10) if other than denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, the
denominations in which the Securities of the series shall be issuable; 
 (11) any and all other
terms (including terms, to the extent applicable, relating to any auction or remarketing of the Securities of that series and any security for the obligations of the Company with respect to such Securities) with respect to such series (which terms
shall not be inconsistent with the terms of this Indenture, as amended by any supplemental indenture) including any terms which may be required by or advisable under United States laws or regulations or advisable in connection with the marketing of
Securities of that series; 
 (12) whether the Securities are issuable as a Global Security and, in
such case, the terms and the identity of the Depositary for such series; 

  
 4 

 (13) whether the Securities will be convertible into or
exchangeable for shares of common stock or other securities of the Company or any other Person and, if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, including the conversion or exchange price, as
applicable, or how it will be calculated and may be adjusted, any mandatory or optional (at the Company’s option or the holders’ option) conversion or exchange features, and the applicable conversion or exchange period; 

(14) if other than the principal amount thereof, the portion of the principal amount of Securities of the
series which shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.01; 
 (15) any additional or different Events of Default or restrictive covenants (which may include, among other restrictions, restrictions on the Company’s ability or the ability of the
Company’s Subsidiaries to: incur additional indebtedness; issue additional securities; create liens; pay dividends or make distributions in respect of their capital stock; redeem capital stock; place restrictions on such Subsidiaries
placing restrictions on their ability to pay dividends, make distributions or transfer assets; make investments or other restricted payments; sell or otherwise dispose of assets; enter into sale-leaseback transactions; engage in transactions with
stockholders or affiliates; issue or sell stock of their Subsidiaries; or effect a consolidation or merger) or financial covenants (which may include, among other financial covenants, financial covenants that require the Company and its Subsidiaries
to maintain specified interest coverage, fixed charge, cash flow-based or asset-based ratios) provided for with respect to the Securities of the series; 
 (16) if other than dollars, the coin or currency in which the Securities of the series are denominated (including, but not limited to, foreign currency); 

(17) the terms and conditions, if any, upon which the Company shall pay amounts in addition to the stated
interest, premium, if any and principal amounts of the Securities of the series to any Securityholder that is not a “United States person” for federal tax purposes; and 

(18) any restrictions on transfer, sale or assignment of the Securities of the series. 

All Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or
pursuant to any such Board Resolution or in any indentures supplemental hereto. 
 If any of the terms of the series are
established by action taken pursuant to a Board Resolution of the Company, a copy of an appropriate record of such action shall be certified by the secretary or an assistant secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Officers’ Certificate of the Company setting forth the terms of the series. 
 Securities of any particular
series may be issued at various times, with different dates on which the principal or any installment of principal is payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with
different dates on which such interest may be payable and with different redemption dates. 

Section 2.02 Form of Securities and Trustee’s Certificate. 

The Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall be substantially
of the tenor and purport as set forth in one or more indentures supplemental hereto or as provided in a Board Resolution, and set forth in an Officers’ Certificate, and they may have such letters, numbers or other marks of identification or
designation and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any
rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which Securities of that series may be listed, or to conform to usage. 

  
 5 

 Section 2.03 Denominations: Provisions for Payment. 

The Securities shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral
multiple thereof, subject to Section 2.01(10). The Securities of a particular series shall bear interest payable on the dates and at the rate specified with respect to that series. Subject to Section 2.01(16), the principal of and the
interest on the Securities of any series, as well as any premium thereon in case of redemption thereof prior to maturity, shall be payable in the coin or currency of the United States of America that at the time is legal tender for public and
private debt, at the office or agency of the Company maintained for that purpose. Each Security shall be dated the date of its authentication. Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day
months. 
 The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any
Interest Payment Date for Securities of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest installment. In
the event that any Security of a particular series or portion thereof is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest
on such Security will be paid upon presentation and surrender of such Security as provided in Section 3.03. 
 Any interest
on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered
holder on the relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (1) or clause (2) below: 

(1) The Company may make payment of any Defaulted Interest on Securities to the Persons in whose names such
Securities (or their respective Predecessor Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner: the Company shall notify the Trustee
in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee 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 Trustee 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. Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall not be more than 15 nor less than 10 days prior to the date of the proposed payment
and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the
proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid, to each Securityholder at his or her address as it appears in the Security Register (as hereinafter defined), not less than
10 days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such
Securities (or their respective Predecessor Securities) are registered on such special record date. 

(2) The Company may make payment of any Defaulted Interest on any Securities in any other lawful manner not
inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to
this clause, such manner of payment shall be deemed practicable by the Trustee. 
 Unless otherwise set forth in a Board
Resolution or one or more indentures supplemental hereto establishing the terms of any series of Securities pursuant to Section 2.01 hereof, the term “regular record date” as used in this Section with respect to a series of
Securities and any Interest Payment Date for such series shall mean either the fifteenth day of the month immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur,
if such Interest Payment Date is the first day of a month, or the first day of the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the fifteenth
day of a month, whether or not such date is a Business Day. 
 Subject to the foregoing provisions of this Section, each
Security of a series delivered under this Indenture upon transfer of or in exchange for or in lieu of any other Security of such series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security.

  
 6 

 Section 2.04 Execution and Authentications. 

The Securities shall be signed on behalf of the Company by one of its Officers. Signatures may be in the form of a manual or facsimile
signature. 
 The Company may use the facsimile signature of any Person who shall have been an Officer at the time of execution,
notwithstanding the fact that at the time the Securities shall be authenticated and delivered or disposed of such Person shall have ceased to be such an officer of the Company, and in such case the Securities shall be valid nevertheless. The
Securities may contain such notations, legends or endorsements required by law, stock exchange rule or usage. Each Security shall be dated the date of its authentication by the Trustee. 

A Security shall not be valid until authenticated manually by an authorized signatory of the Trustee, or by an Authenticating Agent. Such
signature shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. At any time and from time to time after the execution
and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a written order of the Company for the authentication and delivery of such Securities, signed
by an Officer, and the Trustee in accordance with such written order shall authenticate and deliver such Securities. 
 In
authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon,
an Opinion of Counsel stating that the form and terms thereof have been established in conformity with the provisions of this Indenture. 
 The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the
Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee. 

Section 2.05 Registration of Transfer and Exchange. 

(a) Securities of any series may be exchanged upon presentation thereof at the office or agency of the Company
designated for such purpose, for other Securities of such series of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, all as
provided in this Section. In respect of any Securities so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in exchange therefor the Security or Securities of the same series
that the Securityholder making the exchange shall be entitled to receive, bearing numbers not contemporaneously outstanding. 
 (b) The Company shall keep, or cause to be kept, at its office or agency designated for such purpose, or such other location designated by the Company, a register or registers (herein referred
to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall register the Securities and the transfers of Securities as in this Article provided and which at all reasonable
times shall be open for inspection by the Trustee. The registrar for the purpose of registering Securities and transfer of Securities as herein provided shall be appointed as authorized by Board Resolution (the “Security Registrar”).

 Upon surrender for transfer of any Security at the office or agency of the Company designated for such purpose, the Company
shall execute, the Trustee shall authenticate and such office or agency shall deliver in the name of the transferee or transferees a new Security or Securities of the same series as the Security presented for a like aggregate principal amount.

 All Securities presented or surrendered for exchange or registration of transfer, as provided in this Section, shall be
accompanied (if so required by the Company or the Security Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the Security Registrar, duly executed by the registered holder or by such holder’s
duly authorized attorney in writing. 

  
 7 

 (c) Except as provided pursuant to Section 2.01 pursuant to
a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures supplemental to this Indenture, no service charge shall be made for any exchange or registration of transfer of Securities, or issue of new
Securities in case of partial redemption of any series, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, other than exchanges pursuant to Section 2.06,
Section 3.03(b) and Section 9.04 not involving any transfer. 
 (d) The Company shall
not be required (i) to issue, exchange or register the transfer of any Securities during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of less than all the Outstanding Securities
of the same series and ending at the close of business on the day of such mailing, nor (ii) to register the transfer of or exchange any Securities of any series or portions thereof called for redemption, other than the unredeemed portion of any
such Securities being redeemed in part. The provisions of this Section 2.05 are, with respect to any Global Security, subject to Section 2.11 hereof. 
 Section 2.06 Temporary Securities. 
 Pending the preparation of
definitive Securities of any series, the Company may execute, and the Trustee shall authenticate and deliver, temporary Securities (printed, lithographed or typewritten) of any authorized denomination. Such temporary Securities shall be
substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every temporary
Security of any series shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities of such series. Without unnecessary delay
the Company will execute and will furnish definitive Securities of such series and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor (without charge to the holders), at the office or agency of the
Company designated for the purpose, and the Trustee shall authenticate and such office or agency shall deliver in exchange for such temporary Securities an equal aggregate principal amount of definitive Securities of such series, unless the Company
advises the Trustee to the effect that definitive Securities need not be executed and furnished until further notice from the Company. Until so exchanged, the temporary Securities of such series shall be entitled to the same benefits under this
Indenture as definitive Securities of such series authenticated and delivered hereunder. 
 Section 2.07 Mutilated,
Destroyed, Lost or Stolen Securities. 
 In case any temporary or definitive Security shall become mutilated or be
destroyed, lost or stolen, the Company (subject to the next succeeding sentence) shall execute, and upon the Company’s request the Trustee (subject as aforesaid) shall authenticate and deliver, a new Security of the same series, bearing a
number not contemporaneously outstanding, in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every case the applicant for a substituted Security shall furnish
to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee evidence to their
satisfaction of the destruction, loss or theft of the applicant’s Security and of the ownership thereof. The Trustee may authenticate any such substituted Security and deliver the same upon the written request or authorization of any officer of
the Company. Upon the issuance of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and
expenses of the Trustee) connected therewith. 
 In case any Security that has matured or is about to mature shall become
mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment
shall furnish to the Company and the Trustee such security or indemnity as they may require to save them harmless, and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss or
theft of such Security and of the ownership thereof. 

  
 8 

 Every replacement Security issued pursuant to the provisions of this Section shall
constitute an additional contractual obligation of the Company whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Securities of the same series duly issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any and all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the
replacement or payment of negotiable instruments or other securities without their surrender. 

Section 2.08 Cancellation. 
 All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for
cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time
of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate
of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are
delivered to the Trustee for cancellation. 
 Section 2.09 Benefits of Indenture. 

Nothing in this Indenture or in the Securities, express or implied, shall give or be construed to give to any Person, other than the
parties hereto and the holders of the Securities any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being
for the sole benefit of the parties hereto and of the holders of the Securities. 
 Section 2.10 Authenticating
Agent. 
 So long as any of the Securities of any series remain Outstanding there may be an Authenticating Agent for any or
all such series of Securities which the Trustee shall have the right to appoint. Said Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, transfer or partial
redemption thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. All references in this Indenture to the
authentication of Securities by the Trustee shall be deemed to include authentication by an Authenticating Agent for such series. Each Authenticating Agent shall be acceptable to the Company and shall be a corporation that has a combined capital and
surplus, as most recently reported or determined by it, sufficient under the laws of any jurisdiction under which it is organized or in which it is doing business to conduct a trust business, and that is otherwise authorized under such laws to
conduct such business and is subject to supervision or examination by federal or state authorities. If at any time any Authenticating Agent shall cease to be eligible in accordance with these provisions, it shall resign immediately. 

Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee and to the Company. The Trustee
may at any time (and upon request by the Company shall) terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon resignation, termination or cessation of
eligibility of any Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Company. Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with all the
rights, powers and duties of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto. 

Section 2.11 Global Securities. 
 (a) If the Company shall establish pursuant to Section 2.01 that the Securities of a particular series are to be issued as a Global Security, then the Company shall execute and the
Trustee shall, in accordance with Section 2.04, authenticate and deliver, a Global Security that (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of
such series, (ii) shall be registered in the name of the Depositary or its nominee, (iii) shall be delivered by the Trustee to the Depositary or 

  
 9 

 
pursuant to the Depositary’s instruction and (iv) shall bear a legend substantially to the following effect: “Except as otherwise provided in Section 2.11 of the Indenture,
this Security may be transferred, in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary.” 

(b) Notwithstanding the provisions of Section 2.05, the Global Security of a series may be transferred,
in whole but not in part and in the manner provided in Section 2.05, only to another nominee of the Depositary for such series, or to a successor Depositary for such series selected or approved by the Company or to a nominee of such successor
Depositary. 
 (c) If at any time the Depositary for a series of the Securities notifies the Company
that it is unwilling or unable to continue as Depositary for such series or if at any time the Depositary for such series shall no longer be registered or in good standing under the Exchange Act, or other applicable statute or regulation, and a
successor Depositary for such series is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such condition, as the case may be, or if an Event of Default has occurred and is continuing and the
Company has received a request from the Depositary, this Section 2.11 shall no longer be applicable to the Securities of such series and the Company will execute, and subject to Section 2.04, the Trustee will authenticate and deliver the
Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series in exchange for such Global Security. In
addition, the Company may at any time determine that the Securities of any series shall no longer be represented by a Global Security and that the provisions of this Section 2.11 shall no longer apply to the Securities of such series. In such
event the Company will execute and, subject to Section 2.04, the Trustee, upon receipt of an Officers’ Certificate evidencing such determination by the Company, will authenticate and deliver the Securities of such series in definitive
registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series in exchange for such Global Security. Upon the exchange of the Global Security for
such Securities in definitive registered form without coupons, in authorized denominations, the Global Security shall be canceled by the Trustee. Such Securities in definitive registered form issued in exchange for the Global Security pursuant to
this Section 2.11(c) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall
deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so registered. 

ARTICLE 3 
 REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS 

Section 3.01 Redemption. 
 The Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.01 hereof. 

Section 3.02 Notice of Redemption. 

(a) In case the Company shall desire to exercise such right to redeem all or, as the case may be, a portion of
the Securities of any series in accordance with any right the Company reserved for itself to do so pursuant to Section 2.01 hereof, the Company shall, or shall cause the Trustee to, give notice of such redemption to holders of the Securities of
such series to be redeemed by mailing, first class postage prepaid, a notice of such redemption not less than 30 days and not more than 90 days before the date fixed for redemption of that series to such holders at their last addresses as they shall
appear upon the Security Register, unless a shorter period is specified in the Securities to be redeemed. Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered
holder receives the notice. In any case, failure duly to give such notice to the holder of any Security of any series designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for
the redemption of any other Securities of such series or any other series. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this
Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with any such restriction. 

  
 10 

 Each such notice of redemption shall specify the date fixed for redemption and the
redemption price at which Securities of that series are to be redeemed, and shall state that payment of the redemption price of such Securities to be redeemed will be made at the office or agency of the Company, upon presentation and surrender of
such Securities, that interest accrued to the date fixed for redemption will be paid as specified in said notice, that from and after said date interest will cease to accrue and that the redemption is for a sinking fund, if such is the case. If less
than all the Securities of a series are to be redeemed, the notice to the holders of Securities of that series to be redeemed in part shall specify the particular Securities to be so redeemed. 

In case any Security is to be redeemed in part only, the notice that relates to such Security shall state the portion of the principal
amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of such Security, a new Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued.

 (b) If less than all the Securities of a series are to be redeemed, the Company shall give the
Trustee at least 45 days’ notice (unless a shorter notice shall be satisfactory to the Trustee) in advance of the date fixed for redemption as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the
Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its discretion and that may provide for the selection of a portion or portions (equal to one thousand U.S. dollars ($1,000) or any integral multiple
thereof) of the principal amount of such Securities of a denomination larger than $1,000, the Securities to be redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part.
The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by an Officer, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give
notice of redemption in the manner set forth in this Section, such notice to be in the name of the Company or its own name as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the
Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the Trustee or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or
extracts therefrom, sufficient to enable the Trustee or such paying agent to give any notice by mail that may be required under the provisions of this Section. 
 Section 3.03 Payment Upon Redemption. 

(a) If the giving of notice of redemption shall have been completed as above provided, the Securities or
portions of Securities of the series to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for
redemption and interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price and accrued interest with respect to any
such Security or portion thereof. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed at the applicable redemption
price for such series, together with interest accrued thereon to the date fixed for redemption (but if the date fixed for redemption is an interest payment date, the interest installment payable on such date shall be payable to the registered holder
at the close of business on the applicable record date pursuant to Section 2.03). 
 (b) Upon
presentation of any Security of such series that is to be redeemed in part only, the Company shall execute and the Trustee shall authenticate and the office or agency where the Security is presented shall deliver to the holder thereof, at the
expense of the Company, a new Security of the same series of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented. 
 Section 3.04 Sinking Fund. 
 The provisions of Sections 3.04,
3.05 and 3.06 shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise specified as contemplated by Section 2.01 for Securities of such series. 

The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a
“mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment”. If

  
 11 

 
provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 3.05. Each sinking fund payment shall be
applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 

Section 3.05 Satisfaction of Sinking Fund Payments with Securities. 

The Company (i) may deliver Outstanding Securities of a series and (ii) may apply as a credit Securities of a series that have
been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any
part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that such Securities have not been previously so
credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be
reduced accordingly. 
 Section 3.06 Redemption of Securities for Sinking Fund. 

Not less than 45 days prior to each sinking fund payment date for any series of Securities (unless a shorter period shall be satisfactory
to the Trustee), the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of the series, the portion thereof, if any, that is to be
satisfied by delivering and crediting Securities of that series pursuant to Section 3.05 and the basis for such credit and will, together with such Officers’ Certificate, deliver to the Trustee any Securities to be so delivered. Not less
than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause notice of the redemption thereof to be given in
the name of and at the expense of the Company in the manner provided in Section 3.02. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 3.03. 

ARTICLE 4 
 COVENANTS 
 Section 4.01 Payment of Principal, Premium and
Interest. 
 The Company will duly and punctually pay or cause to be paid the principal of (and premium, if any) and
interest on the Securities of that series at the time and place and in the manner provided herein and established with respect to such Securities. Payments of principal on the Securities may be made at the time provided herein and established with
respect to such Securities by U.S. dollar check drawn on and mailed to the address of the Securityholder entitled thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account (such wire
transfer to be made only to a Securityholder of an aggregate principal amount of Securities of the applicable series in excess of U.S. $2,000,000 and only if such Securityholder shall have furnished wire instructions in writing to the Trustee no
later than 15 days prior to the relevant payment date). Payments of interest on the Securities may be made at the time provided herein and established with respect to such Securities by U.S. dollar check mailed to the address of the Securityholder
entitled thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account (such a wire transfer to be made only to a Securityholder of an aggregate principal amount of Securities of the applicable
series in excess of U.S. $2,000,000 and only if such Securityholder shall have furnished wire instructions in writing to the Security Registrar and the Trustee no later than 15 days prior to the relevant payment date. 

Section 4.02 Maintenance of Office or Agency. 
 So long as any series of the Securities remain Outstanding, the Company agrees to maintain an office or agency with respect to each such series and at such other location or locations as may be designated
as provided in this Section 4.02, where (i) Securities of that series may be presented for payment, (ii) Securities of that series may be presented as herein above authorized for registration of transfer and exchange, and
(iii) notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be given or served, such 

  
 12 

 
designation to continue with respect to such office or agency until the Company shall, by written notice signed by any officer authorized to sign an Officers’ Certificate and delivered to
the Trustee, designate some other office or agency for such purposes or any of them. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, notices and demands. The Company initially appoints
the Corporate Trust Office of the Trustee as its paying agent with respect to the Securities. 

Section 4.03 Paying Agents. 
 (a) If the Company shall appoint one or more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each such paying agent to execute and deliver
to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section: 
 (1) that it will hold all sums held by it as such agent for the payment of the principal of (and premium, if any) or interest on the Securities of that series (whether such sums have been paid
to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled thereto; 
 (2) that it will give the Trustee notice of any failure by the Company (or by any other obligor of such Securities) to make any payment of the principal of (and premium, if any) or interest on
the Securities of that series when the same shall be due and payable; 
 (3) that it will, at any
time during the continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent; and 

(4) that it will perform all other duties of paying agent as set forth in this Indenture. 

(b) If the Company shall act as its own paying agent with respect to any series of the Securities, it will on
or before each due date of the principal of (and premium, if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay such principal (and premium,
if any) or interest so becoming due on Securities of that series until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or any failure (by it or any other
obligor on such Securities) to take such action. Whenever the Company shall have one or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or interest on any Securities of that
series, deposit with the paying agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless
such paying agent is the Trustee) the Company will promptly notify the Trustee of this action or failure so to act. 
 (c) Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums in trust as provided in this Section is subject to the provisions of
Section 11.05, and (ii) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in trust by
the Company or such paying agent, such sums to be held by the Trustee upon the same terms and conditions as those upon which such sums were held by the Company or such paying agent; and, upon such payment by the Company or any paying agent to the
Trustee, the Company or such paying agent shall be released from all further liability with respect to such money. 

Section 4.04 Appointment to Fill Vacancy in Office of Trustee. 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in
Section 7.10, a Trustee, so that there shall at all times be a Trustee hereunder. 
 Section 4.05 Compliance
with Consolidation Provisions. 
 The Company will not, while any of the Securities remain Outstanding, consolidate with or
merge into any other Person, in either case where the Company is not the survivor of such transaction, or sell or convey all or substantially all of its property to any other Person unless the provisions of Article Ten hereof are complied with.

  
 13 

 ARTICLE 5 

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE 

Section 5.01 Company to Furnish Trustee Names and Addresses of Securityholders. 

The Company will furnish or cause to be furnished to the Trustee (a) within 15 days after each regular record date (as defined in
Section 2.03) a list, in such form as the Trustee may reasonably require, of the names and addresses of the holders of each series of Securities as of such regular record date, provided that the Company shall not be obligated to furnish or
cause to furnish such list at any time that the list shall not differ in any respect from the most recent list furnished to the Trustee by the Company and (b) at such other times as the Trustee may request in writing within 30 days after the
receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that, in either case, no such list need be furnished for any series for
which the Trustee shall be the Security Registrar. 
 Section 5.02 Preservation Of Information; Communications With
Securityholders. 
 (a) The Trustee shall preserve, in as current a form as is reasonably
practicable, all information as to the names and addresses of the holders of Securities contained in the most recent list furnished to it as provided in Section 5.01 and as to the names and addresses of holders of Securities received by the
Trustee in its capacity as Security Registrar (if acting in such capacity). 
 (b) The Trustee may
destroy any list furnished to it as provided in Section 5.01 upon receipt of a new list so furnished. 

(c) Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act with
other Securityholders with respect to their rights under this Indenture or under the Securities, and, in connection with any such communications, the Trustee shall satisfy its obligations under Section 312(b) of the Trust Indenture Act in
accordance with the provisions of Section 312(b) of the Trust Indenture Act. 
 Section 5.03 Reports by
the Company. 
 The Company covenants and agrees to provide a copy to the Trustee, after the Company files the same with the
Securities and Exchange Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Securities and Exchange Commission may from time to time by
rules and regulations prescribe) that the Company files with the Securities and Exchange Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; provided, however, the Company shall not be required to deliver to
the Trustee any materials for which the Company has sought and received confidential treatment by the Securities and Exchange Commission. 
 Section 5.04 Reports by the Trustee. 

(a) If required by Section 313(a) of the Trust Indenture Act, the Trustee, within sixty
(60) days after each May 15, shall transmit by mail, first class postage prepaid, to the Securityholders, as their names and addresses appear upon the Security Register, a brief report dated as of such May 15, which complies with
Section 313(a) of the Trust Indenture Act. 
 (b) The Trustee shall comply with
Section 313(b) and 313(c) of the Trust Indenture Act. 
 (c) A copy of each such
report shall, at the time of such transmission to Securityholders, be filed by the Trustee with the Company, with each securities exchange upon which any Securities are listed (if so listed) and also with the Securities and Exchange Commission. The
Company agrees to notify the Trustee when any Securities become listed on any securities exchange. 

  
 14 

 ARTICLE 6 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 

Section 6.01 Events of Default. 
 (a) Whenever used herein with respect to Securities of a particular series, “Event of Default” means any one or more of the following events that has occurred and is continuing:

 (1) the Company defaults in the payment of any installment of interest upon any of the Securities
of that series, as and when the same shall become due and payable, and such default continues for a period of 90 days; provided, however, that a valid extension of an interest payment period by the Company in accordance with the terms of any
indenture supplemental hereto shall not constitute a default in the payment of interest for this purpose; 

(2) the Company defaults in the payment of the principal of (or premium, if any, on) any of the Securities of
that series as and when the same shall become due and payable whether at maturity, upon redemption, by declaration or otherwise, or in any payment required by any sinking or analogous fund established with respect to that series; provided, however,
that a valid extension of the maturity of such Securities in accordance with the terms of any indenture supplemental hereto shall not constitute a default in the payment of principal or premium, if any; 

(3) the Company fails to observe or perform any other of its covenants or agreements with respect to that
series contained in this Indenture or otherwise established with respect to that series of Securities pursuant to Section 2.01 hereof (other than a covenant or agreement that has been expressly included in this Indenture solely for the benefit
of one or more series of Securities other than such series) for a period of 90 days after the date on which written notice of such failure, requiring the same to be remedied and stating that such notice is a “Notice of Default” hereunder,
shall have been given to the Company by the Trustee, by registered or certified mail, or to the Company and the Trustee by the holders of at least 25% in principal amount of the Securities of that series at the time Outstanding; 

(4) the Company pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary case,
(ii) consents to the entry of an order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property or (iv) makes a general assignment for the
benefit of its creditors; or 
 (5) a court of competent jurisdiction enters an order under any
Bankruptcy Law that (i) is for relief against the Company in an involuntary case, (ii) appoints a Custodian of the Company for all or substantially all of its property or (iii) orders the liquidation of the Company, and the order or
decree remains unstayed and in effect for 90 days. 
 (b) In each and every such case (other than an
Event of Default specified in clause (4) or clause (5) above), unless the principal of all the Securities of that series shall have already become due and payable, either the Trustee or the holders of not less than 25% in aggregate
principal amount of the Securities of that series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by such Securityholders), may declare the principal of (and premium, if any, on) and accrued and unpaid
interest on all the Securities of that series to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable. If an Event of Default specified in clause (4) or clause
(5) above occurs, the principal of and accrued and unpaid interest on all the Securities of that series shall automatically be immediately due and payable without any declaration or other act on the part of the Trustee or the holders of the
Securities. 
 (c) At any time after the principal of (and premium, if any, on) and accrued and
unpaid interest on the Securities of that series shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the holders of a majority
in aggregate principal amount of the Securities of that series then Outstanding hereunder, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: (i) the Company has paid

  
 15 

 
or deposited with the Trustee a sum sufficient to pay all matured installments of interest upon all the Securities of that series and the principal of (and premium, if any, on) any and all
Securities of that series that shall have become due otherwise than by acceleration (with interest upon such principal and premium, if any, and, to the extent that such payment is enforceable under applicable law, upon overdue installments of
interest, at the rate per annum expressed in the Securities of that series to the date of such payment or deposit) and the amount payable to the Trustee under Section 7.06, and (ii) any and all Events of Default under the Indenture with
respect to such series, other than the nonpayment of principal on (and premium, if any, on) and accrued and unpaid interest on Securities of that series that shall not have become due by their terms, shall have been remedied or waived as provided in
Section 6.06. 
 No such rescission and annulment shall extend to or shall affect any subsequent default or impair any
right consequent thereon. 
 (d) In case the Trustee shall have proceeded to enforce any right with
respect to Securities of that series under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee, then and
in every such case, subject to any determination in such proceedings, the Company and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall
continue as though no such proceedings had been taken. 
 Section 6.02 Collection of Indebtedness and Suits for
Enforcement by Trustee. 
 (a) The Company covenants that (i) in case it shall default in
the payment of any installment of interest on any of the Securities of a series, or in any payment required by any sinking or analogous fund established with respect to that series as and when the same shall have become due and payable, and such
default shall have continued for a period of 90 Business Days, or (ii) in case it shall default in the payment of the principal of (or premium, if any, on) any of the Securities of a series when the same shall have become due and payable,
whether upon maturity of the Securities of a series or upon redemption or upon declaration or otherwise then, upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of the holders of the Securities of that series, the whole
amount that then shall have been become due and payable on all such Securities for principal (and premium, if any) or interest, or both, as the case may be, with interest upon the overdue principal (and premium, if any) and (to the extent that
payment of such interest is enforceable under applicable law) upon overdue installments of interest at the rate per annum expressed in the Securities of that series; and, in addition thereto, such further amount as shall be sufficient to cover the
costs and expenses of collection, and the amount payable to the Trustee under Section 7.06. 

(b) If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and
as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or final decree,
and may enforce any such judgment or final decree against the Company or other obligor upon the Securities of that series and collect the moneys adjudged or decreed to be payable in the manner provided by law or equity out of the property of the
Company or other obligor upon the Securities of that series, wherever situated. 
 (c) In case of any
receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment, arrangement, composition or judicial proceedings affecting the Company, or its creditors or property, the Trustee shall have power to intervene in such proceedings and
take any action therein that may be permitted by the court and shall (except as may be otherwise provided by law) be entitled to file such proofs of claim and other papers and documents as may be necessary or advisable in order to have the claims of
the Trustee and of the holders of Securities of such series allowed for the entire amount due and payable by the Company under the Indenture at the date of institution of such proceedings and for any additional amount that may become due and payable
by the Company after such date, and to collect and receive any moneys or other property payable or deliverable on any such claim, and to distribute the same after the deduction of the amount payable to the Trustee under Section 7.06; and any
receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the holders of Securities of such series to make such payments to the Trustee, and, in the event that the Trustee shall consent to the making of such
payments directly to such Securityholders, to pay to the Trustee any amount due it under Section 7.06. 

  
 16 

 (d) All rights of action and of asserting claims under this
Indenture, or under any of the terms established with respect to Securities of that series, may be enforced by the Trustee without the possession of any of such Securities, or the production thereof at any trial or other proceeding relative thereto,
and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for payment to the Trustee of any amounts due under Section 7.06, be
for the ratable benefit of the holders of the Securities of such series. 
 In case of an Event of Default hereunder, the
Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in
equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in the Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right
vested in the Trustee by this Indenture or by law. 
 Nothing contained herein shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of that series or the rights of any holder thereof or to authorize the Trustee to
vote in respect of the claim of any Securityholder in any such proceeding. 
 Section 6.03 Application of Moneys
Collected. 
 Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of
Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest, upon presentation of the Securities of that
series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid: 
 FIRST: To the
payment of reasonable costs and expenses of collection and of all amounts payable to the Trustee under Section 7.06; 

SECOND: To the payment of the amounts then due and unpaid upon Securities of such series for principal (and premium, if any) and
interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal (and premium, if any) and
interest, respectively; and 
 THIRD: To the payment of the remainder, if any, to the Company or any other Person lawfully
entitled thereto as requested by the Company. 
 Section 6.04 Limitation on Suits. 

No holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any
suit, action or proceeding in equity or at law upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless (i) such holder previously shall have given to the Trustee
written notice of an Event of Default and of the continuance thereof with respect to the Securities of such series specifying such Event of Default, as hereinbefore provided; (ii) the holders of not less than 25% in aggregate principal amount
of the Securities of such series then Outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder; (iii) such holder or holders shall have offered to the Trustee
such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby; (iv) the Trustee for 90 days after its receipt of such notice, request and offer of indemnity, shall have failed to
institute any such action, suit or proceeding and (v) during such 90 day period, the holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. 

Notwithstanding anything contained herein to the contrary or any other provisions of this Indenture, the right of any holder of any
Security to receive payment of the principal of (and premium, if any) and interest on such Security, as therein provided, on or after the respective due dates expressed in such Security (or in the case of redemption, on the redemption date), or to
institute suit for the enforcement of any such payment on or after such respective dates or redemption date, shall not be impaired or affected without the consent of such holder and by accepting a Security hereunder it is expressly understood,
intended and covenanted by the taker and holder of every Security of such series with every other such taker and holder and the Trustee, that no one or more holders of Securities of such series shall

  
 17 

 
have any right in any manner whatsoever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of the holders of any other of such Securities, or
to obtain or seek to obtain priority over or preference to any other such holder, or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all holders of Securities of such
series. For the protection and enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

Section 6.05 Rights and Remedies Cumulative; Delay or Omission Not Waiver. 

(a) Except as otherwise provided in Section 2.07, all powers and remedies given by this Article to
the Trustee or to the Securityholders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee or the holders of the Securities, by judicial proceedings or otherwise, to
enforce the performance or observance of the covenants and agreements contained in this Indenture or otherwise established with respect to such Securities. 
 (b) No delay or omission of the Trustee or of any holder of any of the Securities to exercise any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall
impair any such right or power, or shall be construed to be a waiver of any such default or an acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by this Article or by law to the Trustee or
the Securityholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders. 
 Section 6.06 Control by Securityholders. 
 The holders of a
majority in aggregate principal amount of the Securities of any series at the time Outstanding, determined in accordance with Section 8.04, shall have the right to direct the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred on the Trustee with respect to such series; provided, however, that such direction shall not be in conflict with any rule of law or with this Indenture. Subject to the
provisions of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer or officers of the Trustee, determine that the proceeding so directed, subject to
the Trustee’s duties under the Trust Indenture Act, would involve the Trustee in personal liability or might be unduly prejudicial to the Securityholders not involved in the proceeding. The holders of a majority in aggregate principal amount of
the Securities of any series at the time Outstanding affected thereby, determined in accordance with Section 8.04, may on behalf of the holders of all of the Securities of such series waive any past default in the performance of any of the
covenants contained herein or established pursuant to Section 2.01 with respect to such series and its consequences, except a default in the payment of the principal of, or premium, if any, or interest on, any of the Securities of that series
as and when the same shall become due by the terms of such Securities otherwise than by acceleration (unless such default has been cured and a sum sufficient to pay all matured installments of interest and principal and any premium has been
deposited with the Trustee (in accordance with Section 6.01(c)). Upon any such waiver, the default covered thereby shall be deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the holders of the Securities of
such series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 6.07 Undertaking to Pay Costs. 
 All parties to this Indenture agree, and each holder of any Securities by such holder’s acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, 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, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and
that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant;
but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding more than 10% in aggregate principal amount of the Outstanding
Securities of any series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of (or premium, if any) or interest on any Security of such series, on or after the respective due dates expressed in such
Security or established pursuant to this Indenture. 

  
 18 

 ARTICLE 7 

CONCERNING THE TRUSTEE 
 Section 7.01 Certain Duties and Responsibilities of Trustee. 
 (a) The Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing of all Events of Default with respect to the Securities of that
series that may have occurred, shall undertake to perform with respect to the Securities of such series such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture
against the Trustee. In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested
in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 

(b) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own
negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(i) prior to the occurrence of an Event of Default with respect to the Securities of a series and after the
curing or waiving of all such Events of Default with respect to that series that may have occurred: 

(A) the duties and obligations of the Trustee shall with respect to the Securities of such series be
determined solely by the express provisions of this Indenture, and the Trustee shall not be liable with respect to the Securities of such series except for the performance of such duties and obligations as are specifically set forth in this
Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(B) in the absence of bad faith on the part of the Trustee, the Trustee may with respect to the Securities of
such series conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case
of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this
Indenture; 
 (ii) the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the holders of not less than a majority in
principal amount of the Securities of any series at the time Outstanding relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee under
this Indenture with respect to the Securities of that series; and 
 (iv) None of the provisions
contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers if there is reasonable
ground for believing that the repayment of such funds or liability is not reasonably assured to it under the terms of this Indenture or adequate indemnity against such risk is not reasonably assured to it. 

  
 19 

 Section 7.02 Certain Rights of Trustee. 

Except as otherwise provided in Section 7.01: 

(a) The Trustee may rely and shall be protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b) Any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by
a Board Resolution or an instrument signed in the name of the Company by any authorized officer of the Company (unless other evidence in respect thereof is specifically prescribed herein); 

(c) The Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon; 
 (d) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Securityholders pursuant to
the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities that may be incurred therein or thereby; nothing contained herein shall,
however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default with respect to a series of the Securities (that has not been cured or waived), to exercise with respect to Securities of that series such of the rights and
powers vested in it by this Indenture, and to use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs; 

(e) The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and
believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (f) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond, security, or other papers or documents, unless requested in writing so to do by the holders of not less than a majority in principal amount of the Outstanding Securities of the particular series affected thereby (determined as
provided in Section 8.04); provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee,
not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity against such costs, expenses or liabilities as a condition to so proceeding. The reasonable expense of
every such examination shall be paid by the Company or, if paid by the Trustee, shall be repaid by the Company upon demand; and 
 (g) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible
for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 
 In addition,
the Trustee shall not be deemed to have knowledge of any Default or Event of Default except (1) any Event of Default occurring pursuant to Sections 6.01(a)(1) and 6.01(a)(2) or (2) any Default or Event of Default of which a
Responsible Officer of the Trustee shall have received written notification in the manner set forth in this Indenture or a Responsible Officer of the Trustee shall have obtained actual knowledge. Delivery of reports, information and documents to the
Trustee under Section 5.03 is for informational purposes only and the information and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein, or determinable from information
contained therein including the Company’s compliance with any of their covenants thereunder (as to which the Trustee is entitled to rely exclusively on an Officers’ Certificate). 

Section 7.03 Trustee Not Responsible for Recitals or Issuance or Securities. 

(a) The recitals contained herein and in the Securities shall be taken as the statements of the Company, and
the Trustee assumes no responsibility for the correctness of the same. 
 (b) The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the Securities. 

  
 20 

 (c) The Trustee shall not be accountable for the use or
application by the Company of any of the Securities or of the proceeds of such Securities, or for the use or application of any moneys paid over by the Trustee in accordance with any provision of this Indenture or established pursuant to
Section 2.01, or for the use or application of any moneys received by any paying agent other than the Trustee. 

Section 7.04 May Hold Securities. 
 The Trustee or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee,
paying agent or Security Registrar. 
 Section 7.05 Moneys Held in Trust. 

Subject to the provisions of Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be
held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any moneys received by it hereunder except such as
it may agree with the Company to pay thereon. 
 Section 7.06 Compensation and Reimbursement. 

(a) The Company covenants and agrees to pay to the Trustee, and the Trustee shall be entitled to, such
reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as the Company and the Trustee may from time to time agree in writing, for all services rendered by it in the
execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee, and, except as otherwise expressly provided herein, the Company will pay or reimburse the Trustee upon its request
for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all
Persons not regularly in its employ), except any such expense, disbursement or advance as may arise from its negligence or bad faith and except as the Company and Trustee may from time to time agree in writing. The Company also covenants to
indemnify the Trustee (and its officers, agents, directors and employees) for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the Trustee and arising out of or in connection
with the acceptance or administration of this trust, including the reasonable costs and expenses of defending itself against any claim of liability in the premises. 

(b) The obligations of the Company under this Section to compensate and indemnify the Trustee and to pay
or reimburse the Trustee for reasonable expenses, disbursements and advances shall constitute additional indebtedness hereunder. Such additional indebtedness shall be secured by a lien prior to that of the Securities upon all property and funds held
or collected by the Trustee as such, except funds held in trust for the benefit of the holders of particular Securities. 

Section 7.07 Reliance on Officers’ Certificate. 

Except as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall
deem it reasonably necessary or desirable that a matter be proved or established prior to taking or suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in
the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the
part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted to be taken by it under the provisions of this Indenture upon the faith thereof. 

Section 7.08 Disqualification; Conflicting Interests. 

If the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust
Indenture Act, the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act. 

  
 21 

 Section 7.09 Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee with respect to the Securities issued hereunder which shall at all times be a corporation organized
and doing business under the laws of the United States of America or any state or territory thereof or of the District of Columbia, or a corporation or other Person permitted to act as trustee by the Securities and Exchange Commission, authorized
under such laws to exercise corporate trust powers, having a combined capital and surplus of at least fifty million U.S. dollars ($50,000,000), and subject to supervision or examination by federal, state, territorial, or District of Columbia
authority. 
 If such corporation or other Person publishes reports of condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation or other Person shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. The Company may not, nor may any Person directly or indirectly controlling, controlled by, or under common control with the Company, serve as Trustee. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10. 
 Section 7.10 Resignation and Removal; Appointment of Successor. 
 (a) The Trustee or any successor hereafter appointed may at any time resign with respect to the Securities of one or more series by giving written notice thereof to the Company and by
transmitting notice of resignation by mail, first class postage prepaid, to the Securityholders of such series, as their names and addresses appear upon the Security Register. Upon receiving such notice of resignation, the Company shall promptly
appoint a successor trustee with respect to Securities of such series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the
successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the mailing of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the
appointment of a successor trustee with respect to Securities of such series, or any Securityholder of that series who has been a bona fide holder of a Security or Securities for at least six months may on behalf of himself and all others similarly
situated, petition any such court for the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 

(b) In case at any time any one of the following shall occur: 

(i) the Trustee shall fail to comply with the provisions of Section 7.08 after written request therefor
by the Company or by any Securityholder who has been a bona fide holder of a Security or Securities for at least six months; or 
 (ii) the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and shall fail to resign after written request therefor by the Company or by any such
Securityholder; or 
 (iii) the Trustee shall become incapable of acting, or shall be adjudged a
bankrupt or insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the Trustee or of its property shall be appointed or consented to, or any public officer shall take charge or control of the Trustee or of its property or affairs
for the purpose of rehabilitation, conservation or liquidation; 
 then, in any such case, the Company may remove the Trustee
with respect to all Securities and appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor
trustee, or any Securityholder who has been a bona fide holder of a Security or Securities for at least six months may, on behalf of that holder and all others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee. 

(c) The holders of a majority in aggregate principal amount of the Securities of any series at the time
Outstanding may at any time remove the Trustee with respect to such series by so notifying the Trustee and the Company and may appoint a successor Trustee for such series with the consent of the Company. 

  
 22 

 (d) Any resignation or removal of the Trustee and appointment of
a successor trustee with respect to the Securities of a series pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11. 

(e) Any successor trustee appointed pursuant to this Section may be appointed with respect to the
Securities of one or more series or all of such series, and at any time there shall be only one Trustee with respect to the Securities of any particular series. 
 Section 7.11 Acceptance of Appointment By Successor. 
 (a) In case of the appointment hereunder of a successor trustee with respect to all Securities, every such successor trustee so appointed shall execute, acknowledge and deliver to the Company
and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become
vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to
such successor trustee all the rights, powers, and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor trustee all property and money held by such retiring Trustee hereunder. 

(b) In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more
(but not all) series, the Company, the retiring Trustee and each successor trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such
appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor trustee relates, (ii) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of
the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible for any act or failure to
act on the part of any other Trustee hereunder; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall
with respect to the Securities of that or those series to which the appointment of such successor trustee relates have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the
Trustee under this Indenture, and each such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those
series to which the appointment of such successor trustee relates; but, on request of the Company or any successor trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor trustee, to the extent contemplated by such
supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor trustee relates. 

(c) Upon request of any such successor trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 

(d) No successor trustee shall accept its appointment unless at the time of such acceptance such successor
trustee shall be qualified and eligible under this Article. 
 (e) Upon acceptance of appointment by
a successor trustee as provided in this Section, the Company shall transmit notice of the succession of such trustee hereunder by mail, first class postage prepaid, to the Securityholders, as their names and addresses appear upon the Security
Register. If the Company fails to transmit such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be transmitted at the expense of the Company. 

  
 23 

 Section 7.12 Merger, Conversion, Consolidation or Succession to Business.

 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Trustee, including the administration of the trust created by this Indenture, shall be
the successor of the Trustee hereunder, provided that such corporation shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further
act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or
consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 

Section 7.13 Preferential Collection of Claims Against the Company. 

The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in
Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein. 

Section 7.14 Notice of Default 
 If any Default or any Event of Default occurs and is continuing and if such Default or Event of Default is known to a Responsible Officer of the Trustee, the Trustee shall mail to each Securityholder in
the manner and to the extent provided in Section 313(c) of the Trust Indenture Act notice of the Default or Event of Default within 45 days after it occurs, unless such Default or Event of Default has been cured; provided, however,
that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Security, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or
a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Securityholders. 
 ARTICLE 8 
 CONCERNING THE SECURITYHOLDERS 

Section 8.01 Evidence of Action by Securityholders. 

Whenever in this Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the
Securities of a particular series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of
such majority or specified percentage of that series have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Securities of that series in person or by agent or proxy appointed
in writing. 
 If the Company shall solicit from the Securityholders of any series any request, demand, authorization,
direction, notice, consent, waiver or other action, the Company may, at its option, as evidenced by an Officers’ Certificate, fix in advance a record date for such series for the determination of Securityholders entitled to give such request,
demand, authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other action may
be given before or after the record date, but only the Securityholders of record at the close of business on the record date shall be deemed to be Securityholders for the purposes of determining whether Securityholders of the requisite proportion of
Outstanding Securities of that series have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action, and for that purpose the Outstanding Securities of that series shall be computed
as of the record date; provided, however, that no such authorization, agreement or consent by such Securityholders on the 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. 

  
 24 

 Section 8.02 Proof of Execution by Securityholders. 

Subject to the provisions of Section 7.01, proof of the execution of any instrument by a Securityholder (such proof will not require
notarization) or his agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner: 
 (a) The fact and date of the execution by any such Person of any instrument may be proved in any reasonable manner acceptable to the Trustee. 

(b) The ownership of Securities shall be proved by the Security Register of such Securities or by a
certificate of the Security Registrar thereof. 
 The Trustee may require such additional proof of any matter referred to in this
Section as it shall deem necessary. 
 Section 8.03 Who May be Deemed Owners. 

Prior to the due presentment for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security
Registrar may deem and treat the Person in whose name such Security shall be registered upon the books of the Company as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership
or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject to Section 2.03) interest on such Security and for all other purposes;
and neither the Company nor the Trustee nor any paying agent nor any Security Registrar shall be affected by any notice to the contrary. 
 Section 8.04 Certain Securities Owned by Company Disregarded. 

In determining whether the holders of the requisite aggregate principal amount of Securities of a particular series have concurred in any
direction, consent or waiver under this Indenture, the Securities of that series that are owned by the Company or any other obligor on the Securities of that series or by any Person directly or indirectly controlling or controlled by or under common
control with the Company or any other obligor on the Securities of that series shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be
protected in relying on any such direction, consent or waiver, only Securities of such series that the Trustee actually knows are so owned shall be so disregarded. The Securities so owned that have been pledged in good faith may be regarded as
Outstanding for the purposes of this Section, if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not a Person directly or indirectly
controlling or controlled by or under direct or indirect common control with the Company or any such other obligor. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the
Trustee. 
 Section 8.05 Actions Binding on Future Securityholders. 

At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the
holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action, any holder of a Security of that series that is shown by the evidence to be
included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee, and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such Security. Except as
aforesaid any such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer
thereof or in place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular
series specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the holders of all the Securities of that series. 

  
 25 

 ARTICLE 9 

SUPPLEMENTAL INDENTURES 
 Section 9.01 Supplemental Indentures Without the Consent of Securityholders. 
 In addition to any supplemental indenture otherwise authorized by this Indenture, the Company and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental
hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect), without the consent of the Securityholders, for one or more of the following purposes: 

(a) to cure any ambiguity, defect, or inconsistency herein or in the Securities of any series; 

(b) to comply with Article Ten; 

(c) to provide for uncertificated Securities in addition to or in place of certificated Securities;

 (d) to add to the covenants, restrictions, conditions or provisions relating to the Company for
the benefit of the holders of all or any series of Securities (and if such covenants, restrictions, conditions or provisions are to be for the benefit of less than all series of Securities, stating that such covenants, restrictions, conditions or
provisions are expressly being included solely for the benefit of such series), to make the occurrence, or the occurrence and the continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default,
or to surrender any right or power herein conferred upon the Company; 
 (e) to add to, delete from,
or revise the conditions, limitations, and restrictions on the authorized amount, terms, or purposes of issue, authentication, and delivery of Securities, as herein set forth; 

(f) to make any change that does not adversely affect the rights of any Securityholder in any material
respect; 
 (g) to provide for the issuance of and establish the form and terms and conditions of the
Securities of any series as provided in Section 2.01, to establish the form of any certifications required to be furnished pursuant to the terms of this Indenture or any series of Securities, or to add to the rights of the holders of any series
of Securities; 
 (h) to evidence and provide for the acceptance of appointment hereunder by a
successor trustee; or 
 (i) to comply with any requirements of the Securities and Exchange
Commission or any successor in connection with the qualification of this Indenture under the Trust Indenture Act. 
 The Trustee
is hereby authorized to join with the Company in the execution of any such supplemental indenture, and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into
any such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Any supplemental indenture authorized by the provisions of this Section may be executed by the Company and the Trustee without the consent of the holders of any of the Securities at the time
Outstanding, notwithstanding any of the provisions of Section 9.02. 
 Section 9.02 Supplemental Indentures
With Consent of Securityholders. 
 With the consent (evidenced as provided in Section 8.01) of the holders of not less
than a majority in aggregate principal amount of the Securities of each series affected by such supplemental indenture or indentures at the time Outstanding, the Company, when authorized by a Board Resolution, and the Trustee may from time to time
and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner not covered by Section 9.01 the rights of the holders of the Securities of such series under this Indenture; provided, however, that no

  
 26 

 
such supplemental indenture shall, without the consent of the holders of each Security then Outstanding and affected thereby, (a) extend the fixed maturity of any Securities of any series,
or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof or (b) reduce the aforesaid percentage of Securities, the holders of which
are required to consent to any such supplemental indenture. 
 It shall not be necessary for the consent of the Securityholders
of any series affected thereby under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

Section 9.03 Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture pursuant to the provisions of this Article or of Section 10.01, this Indenture
shall, with respect to such series, be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the
holders of Securities of the series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture
shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

Section 9.04 Securities Affected by Supplemental Indentures. 

Securities of any series affected by a supplemental indenture, authenticated and delivered after the execution of such supplemental
indenture pursuant to the provisions of this Article or of Section 10.01, may bear a notation in form approved by the Company, provided such form meets the requirements of any securities exchange upon which such series may be listed, as to
any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of that series so modified as to conform, in the opinion of the Board of Directors, to any modification of this Indenture contained in any such
supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange for the Securities of that series then Outstanding. 
 Section 9.05 Execution of Supplemental Indentures. 
 Upon the
request of the Company, accompanied by its Board Resolutions authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Securityholders required to consent thereto as aforesaid,
the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may
in its discretion but shall not be obligated to enter into such supplemental indenture. The Trustee, subject to the provisions of Section 7.01, may receive an Officers’ Certificate or an Opinion of Counsel stating that any supplemental
indenture executed pursuant to this Article is authorized or permitted by, and conforms to, the terms of this Article and that it is proper for the Trustee under the provisions of this Article to join in the execution thereof;
provided, however, that such Officers’ Certificate or Opinion of Counsel need not be provided in connection with the execution of a supplemental indenture that establishes the terms of a series of Securities pursuant to Section 2.01
hereof. 
 Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions
of this Section, the Trustee shall transmit by mail, first class postage prepaid, a notice, setting forth in general terms the substance of such supplemental indenture, to the Securityholders of all series affected thereby as their names and
addresses appear upon the Security Register. Any failure of the Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

  
 27 

 ARTICLE 10 

SUCCESSOR ENTITY 
 Section 10.01 Company May Consolidate, Etc. 
 Except as
provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures supplemental to this Indenture, nothing contained in this Indenture shall prevent any
consolidation or merger of the Company with or into any other Person (whether or not affiliated with the Company) or successive consolidations or mergers in which the Company or its successor or successors shall be a party or parties, or shall
prevent any sale, conveyance, transfer or other disposition of the property of the Company or its successor or successors as an entirety, or substantially as an entirety, to any other corporation (whether or not affiliated with the Company or its
successor or successors) authorized to acquire and operate the same; provided, however, (a) the Company hereby covenants and agrees that, upon any such consolidation or merger (in each case, if the Company is not the survivor of such
transaction), sale, conveyance, transfer or other disposition, the due and punctual payment of the principal of (premium, if any) and interest on all of the Securities of all series in accordance with the terms of each series, according to their
tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture with respect to each series or established with respect to such series pursuant to Section 2.01 to be kept or performed by the
Company shall be expressly assumed, by supplemental indenture (which shall conform to the provisions of the Trust Indenture Act, as then in effect) reasonably satisfactory in form to the Trustee executed and delivered to the Trustee by the entity
formed by such consolidation, or into which the Company shall have been merged, or by the entity which shall have acquired such property and (b) in the event that the Securities of any series then Outstanding are convertible into or
exchangeable for shares of common stock or other securities of the Company, such entity shall, by such supplemental indenture, make provision so that the Securityholders of Securities of that series shall thereafter be entitled to receive upon
conversion or exchange of such Securities the number of securities or property to which a holder of the number of shares of common stock or other securities of the Company deliverable upon conversion or exchange of those Securities would have been
entitled had such conversion or exchange occurred immediately prior to such consolidation, merger, sale, conveyance, transfer or other disposition. 
 Section 10.02 Successor Entity Substituted. 

(a) In case of any such consolidation, merger, sale, conveyance, transfer or other disposition and upon the
assumption by the successor entity by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the obligations set forth under Section 10.01 on all of the Securities of all series Outstanding,
such successor entity shall succeed to and be substituted for the Company with the same effect as if it had been named as the Company herein, and thereupon the predecessor corporation shall be relieved of all obligations and covenants under this
Indenture and the Securities. 
 (b) In case of any such consolidation, merger, sale, conveyance,
transfer or other disposition, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 

(c) Nothing contained in this Article shall require any action by the Company in the case of a
consolidation or merger of any Person into the Company where the Company is the survivor of such transaction, or the acquisition by the Company, by purchase or otherwise, of all or any part of the property of any other Person (whether or not
affiliated with the Company). 
 Section 10.03 Evidence of Consolidation, Etc. to Trustee. 

The Trustee, subject to the provisions of Section 7.01, may receive an Officers’ Certificate or an Opinion of Counsel as
conclusive evidence that any such consolidation, merger, sale, conveyance, transfer or other disposition, and any such assumption, comply with the provisions of this Article. 

  
 28 

 ARTICLE 11 

SATISFACTION AND DISCHARGE 
 Section 11.01 Satisfaction and Discharge of Indenture. 
 If at
any time: (a) the Company shall have delivered to the Trustee for cancellation all Securities of a series theretofore authenticated and not delivered to the Trustee for cancellation (other than any Securities that shall have been destroyed,
lost or stolen and that shall have been replaced or paid as provided in Section 2.07 and Securities for whose payment money or Governmental Obligations have theretofore been deposited in trust or segregated and held in trust by the Company and
thereupon repaid to the Company or discharged from such trust, as provided in Section 11.05); or (b) all such Securities of a particular series not theretofore delivered to the Trustee for cancellation shall have become due and payable, or
are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the Company shall deposit or cause to be
deposited with the Trustee as trust funds the entire amount in moneys or Governmental Obligations or a combination thereof, sufficient to pay at maturity or upon redemption all Securities of that series not theretofore delivered to the Trustee for
cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable
hereunder with respect to such series by the Company then this Indenture shall thereupon cease to be of further effect with respect to such series except for the provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10, that shall survive
until the date of maturity or redemption date, as the case may be, and Sections 7.06 and 11.05, that shall survive to such date and thereafter, and the Trustee, on demand of the Company and at the cost and expense of the Company shall execute proper
instruments acknowledging satisfaction of and discharging this Indenture with respect to such series. 

Section 11.02 Discharge of Obligations. 
 If at any time all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable as described in Section 11.01 shall have
been paid by the Company by depositing irrevocably with the Trustee as trust funds moneys or an amount of Governmental Obligations or a combination thereof sufficient to pay at maturity or upon redemption all such Securities of that series not
theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause
to be paid all other sums payable hereunder by the Company with respect to such series, then after the date such moneys or Governmental Obligations, as the case may be, are deposited with the Trustee the obligations of the Company under this
Indenture with respect to such series shall cease to be of further effect except for the provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4,03, 7.06, 7.10 and 11.05 hereof that shall survive until such Securities shall mature and be paid.

 Thereafter, Sections 7.06 and 11.05 shall survive. 
 Section 11.03 Deposited Moneys to be Held in Trust. 
 All moneys
or Governmental Obligations deposited with the Trustee pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own paying
agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee. 

Section 11.04 Payment of Moneys Held by Paying Agents. 

In connection with the satisfaction and discharge of this Indenture all moneys or Governmental Obligations then held by any paying agent
under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys or Governmental Obligations. 

Section 11.05 Repayment to Company. 
 Any moneys or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment of principal of or premium, if any, or interest on the Securities
of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least two years after the date upon which the principal of (and premium, if any) or interest on such Securities shall have respectively become
due and payable, or such other shorter period set forth in applicable escheat or abandoned or unclaimed property law, shall be repaid to the Company upon the Company’s written request; and thereupon the paying agent and the Trustee shall be
released from all further liability with respect to such moneys or Governmental Obligations, and the holder of any of the Securities entitled to receive such payment shall thereafter, as a general creditor, look only to the Company for the payment
thereof. 

  
 29 

 ARTICLE 12 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 

Section 12.01 No Recourse. 
 No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any
incorporator, stockholder, officer or director, past, present or future as such, of the Company or of any predecessor or successor corporation, either directly or through the Company or any such predecessor or successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and
that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as such, of the Company or of any predecessor or successor corporation, or any of them, because of the
creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability of every
name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder, officer or director as such, because of the creation of the indebtedness
hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration
for, the execution of this Indenture and the issuance of such Securities. 
 ARTICLE 13 

MISCELLANEOUS PROVISIONS 
 Section 13.01 Effect on Successors and Assigns. 
 All the
covenants, stipulations, promises and agreements in this Indenture made by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not. 
 Section 13.02 Actions by Successor. 
 Any act or proceeding by
any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the corresponding board, committee or officer of any
corporation that shall at the time be the lawful successor of the Company. 
 Section 13.03 Surrender of Company
Powers. 
 The Company by instrument in writing executed by authority of its Board of Directors and delivered to the Trustee
may surrender any of the powers reserved to the Company, and thereupon such power so surrendered shall terminate both as to the Company and as to any successor corporation. 
 Section 13.04 Notices. 
 Except as otherwise expressly provided
herein, any notice, request or demand that by any provision of this Indenture is required or permitted to be given, made or served by the Trustee or by the holders of Securities or by any other Person pursuant to this Indenture to or on the Company
may be given or served by being deposited in first class mail, postage prepaid, addressed (until another address is filed in writing by the Company with the Trustee), as follows: 6310 Nancy Ridge Drive, Suite 101, San Diego, CA 92121, Attention:
John P. Schmid, Chief Financial Officer. Any notice, election, request or demand by the Company or any Securityholder or by any other Person pursuant to this Indenture to or upon the Trustee shall be deemed to have been sufficiently given or made,
for all purposes, if given or made in writing at the Corporate Trust Office of the Trustee. 

  
 30 

 Section 13.05 Governing Law. 

This Indenture and each Security shall be deemed to be a contract made under the internal laws of the State of New York and for all
purposes shall be construed in accordance with the laws of said State, except to the extent that the Trust Indenture Act is applicable. 
 Section 13.06 Treatment of Securities as Debt. 
 It is intended
that the Securities will be treated as indebtedness and not as equity for federal income tax purposes. The provisions of this Indenture shall be interpreted to further this intention. 

Section 13.07 Certificates and Opinions as to Conditions Precedent. 

(a) Upon any application or demand by the Company to the Trustee to take any action under any of the
provisions of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent provided for in this Indenture (other than the certificate to be delivered pursuant to Section 13.12)
relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of any such application or demand as to
which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 

(b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to
compliance with a condition or covenant in this Indenture shall include (i) a statement that the Person making such certificate or opinion has read such covenant or condition; (ii) 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; (iii) a statement that, in the opinion of such Person, he has made such examination or investigation as is reasonably
necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and (iv) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been
complied with. 
 Section 13.08 Payments on Business Days. 

Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or
established in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security shall not be a Business Day, then payment of interest or
principal (and premium, if any) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue for the period after such nominal date. 

Section 13.09 Conflict with Trust Indenture Act. 

If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Sections 310 to 317,
inclusive, of the Trust Indenture Act, such imposed duties shall control. 
 Section 13.10 Counterparts.

 This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument. 
 Section 13.11 Separability. 

In case any one or more of the provisions contained in this Indenture or in the Securities of any series shall for any reason be held to
be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such
invalid or illegal or unenforceable provision had never been contained herein or therein. 

  
 31 

 Section 13.12 Compliance Certificates. 

The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year during which any Securities of any series
were outstanding, an officer’s certificate stating whether or not the signers know of any Default or Event of Default that occurred during such fiscal year. Such certificate shall contain a certification from the principal executive officer,
principal financial officer or principal accounting officer of the Company that a review has been conducted of the activities of the Company and the Company’s performance under this Indenture and that the Company has complied with all
conditions and covenants under this Indenture. For purposes of this Section 13.12, such compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture. If the officer of the Company
signing such certificate has knowledge of such a Default or Event of Default, the certificate shall describe any such Default or Event of Default and its status. 

  
 32 

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

			
	TRIUS THERAPEUTICS, INC.
		
	 By:
	 	/s/ John P. Schmid
	 Name:
	 	John P. Schmid
	 Title:
	 	Chief Financial Officer

  

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	 By:
	 	/s/ Paula Oswald
	 Name:
	 	Paula Oswald
	 Title:
	 	Vice President

 [SIGNATURE PAGE TO SENIOR
DEBT SECURITIES INDENTURE] 

  

 CROSS-REFERENCE TABLE (1) 

 

			
	 Section of Trust Indenture Act Of 1939, as Amended
	  	Section of Indenture
	 310(a)
	  	7.09
	 310(b)
	  	7.08
		  	7.10
	 310(c)
	  	Inapplicable
	 311(a)
	  	7.13
	 311(b)
	  	7.13
	 311(c)
	  	Inapplicable
	 312(a)
	  	5.01
		  	5.02(a)
	 312(b)
	  	5.02(c)
	 312(c)
	  	5.02(c)
	 313(a)
	  	5.04(a)
	 313(b)
	  	5.04(b)
	 313(c)
	  	5.04(a)
		  	5.04(b)
	 313(d)
	  	5.04(c)
	 314(a)
	  	5.03
		  	13.12
	 314(b)
	  	Inapplicable
	 314(c)
	  	13.07(a)
	 314(d)
	  	Inapplicable
	 314(e)
	  	13.07(b)
	 314(f)
	  	Inapplicable
	 315(a)
	  	7.01(a)
		  	7.01(b)
	 315(b)
	  	7.14
	 315(c)
	  	7.01
	 315(d)
	  	7.01(b)
	 315(e)
	  	6.07
	 316(a)
	  	6.06
		  	8.04
	 316(b)
	  	6.04
	 316(c)
	  	8.01
	 317(a)
	  	6.02
	 317(b)
	  	4.03
	 318(a)
	  	13.09

  

	(1)	This Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]