Document:

Summary of Executive and Director Compensation

 Exhibit 10.29 
 Executive and Director Compensation Exhibit 
 Per annum base salaries of the Executive Officers of the Company as of
May 1, 2006: 
  

				
	 Executive Officers
	  	Per Annum Base Salaries
as of May 1, 2006
	 Paul Cormier
	  	$	300,000
	 Michael Cunningham
	  	$	275,000
	 Charles E. Peters, Jr.
	  	$	325,000
	 Alex Pinchev
	  	$	325,000
	 Joanne Rohde
	  	$	275,000
	 Matthew Szulik
	  	$	400,000

 Board of Directors’ retainers as of May 1,2006: 
  

																					
	 Directors
	  	Board Retainer	  	Lead Director
Retainer	  	Director Committee Memberships	  	Total Annual
per Director	 	 Deferred Stock Election

	 	  	 	  	 	  	Audit	  	Comp / Nominating	  	 	 	 
	 E. McDonald
	  	$	30,000	  			  	$	10,000	  	$	5,000	  			  	$	45,000	 	100% of all compensation
	 M. Fox
	  	$	30,000	  			  	$	10,000	  			  	$	5,000	  	$	45,000	 	 50% of cash compensation
 100% of equity compensation

	 W. Kaiser
	  	$	30,000	  	$	20,000	  	$	10,000	  			  	$	0	  	$	60,000	 	N/A
	 H. Shelton
	  	$	30,000	  			  			  	$	10,000	  	$	5,000	  	$	45,000	 	100% of cash compensation 50% of equity compensation
	 W. Albrecht
	  	$	30,000	  			  	$	20,000	  	$	5,000	  			  	$	55,000	 	50% of equity compensation
	 E. Kozel
	  	$	30,000	  			  			  	$	5,000	  	$	5,000	  	$	40,000	 	100% of cash compensation 50% of equity compensation
	 N. Gupta
	  	$	30,000	  			  			  	$	5,000	  	$	5,000	  	$	40,000	 	N/A

 Director Stock Compensation Summary 
  

	 	•	 	Initial Election: 40,000 options, 3 year vesting 

  

	 	•	 	Annual Grant (on the earlier of (i) date of annual Shareholders Meeting or (ii) August 13, 2006: 10,000 options, fully vested 

  

	 	•	 	Deferred Stock Unit Conversion ratio: 35 DSU’s per 100 optionsIndenture between Intcomex, Inc., dated as of August 25, 2005

 Exhibit 4.1 
 INTCOMEX, INC. 
 INTCOMEX HOLDINGS, LLC 
 INTCOMEX HOLDINGS SPC-1, LLC 
 SOFTWARE BROKERS OF AMERICA, INC 
  

 11 3/4% SECOND PRIORITY SENIOR
SECURED NOTES DUE 2011 
  

 INDENTURE 
 DATED AS OF AUGUST 25, 2005 
  

 THE BANK OF NEW YORK 
 Trustee 

 CROSS-REFERENCE TABLE* 
  

					
	 Trust Indenture Act
 Section
	  	Indenture
Section
	 310
	 	 (a)(1)
	  	7.10
		 	 (a)(2)
	  	7.10
		 	 (a)(3)
	  	N.A.
		 	 (a)(4)
	  	N.A.
		 	 (a)(5)
	  	7.10
		 	 (b)
	  	7.3; 7.10
		 	 (c)
	  	N.A.
	 311
	 	 (a)
	  	7.11
		 	 (b)
	  	7.11
		 	 (c)
	  	N.A.
	 312
	 	 (a)
	  	2.5
		 	 (b)
	  	12.3
		 	 (c)
	  	12.3
	 313
	 	 (a)
	  	7.6
		 	 (b)(1)
	  	7.6
		 	 (b)(2)
	  	7.6; 7.7
		 	 (c)
	  	7.6; 12.2
		 	 (d)
	  	7.6
	 314
	 	 (a)
	  	4.3; 12.5
		 	 (b)
	  	10.2
		 	 (c)(1)
	  	12.4
		 	 (c)(2)
	  	12.4
		 	 (c)(3)
	  	N.A.
		 	 (d)
	  	9.1; 10.4; 10.5
		 	 (e)
	  	12.5
		 	 (f)
	  	N.A.
	 315
	 	 (a)
	  	7.1
		 	 (b)
	  	7.5; 12.2
		 	 (c)
	  	7.1
		 	 (d)
	  	7.1
		 	 (e)
	  	6.11
	 316
	 	 (a) (last sentence)
	  	2.9
		 	 (a)(1)(A)
	  	6.5
		 	 (a)(1)(B)
	  	6.4
		 	 (a)(2)
	  	N.A.
		 	 (b)
	  	6.7
		 	 (c)
	  	2.13
	 317
	 	 (a)(1)
	  	6.8
		 	 (a)(2)
	  	6.9
		 	 (b)
	  	2.4
	 318
	 	 (a)
	  	12.1
		 	 (b)
	  	N.A.
		 	 (c)
	  	12.1

 N.A. means not
applicable. 
  

	*	This Cross-Reference Table is not part of the Indenture. 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I
	
	DEFINITIONS AND INCORPORATION BY REFERENCE
			
	 SECTION 1.1
	  	Definitions	  	1
	 SECTION 1.2
	  	Other Definitions	  	27
	 SECTION 1.3
	  	Incorporation by Reference of Trust Indenture Act	  	28
	 SECTION 1.4
	  	Rules of Construction	  	28
	
	ARTICLE II
	
	THE NOTES
			
	 SECTION 2.1
	  	Form and Dating	  	29
	 SECTION 2.2
	  	Execution and Authentication	  	31
	 SECTION 2.3
	  	Registrar; Paying Agent	  	31
	 SECTION 2.4
	  	Paying Agent To Hold Money in Trust	  	32
	 SECTION 2.5
	  	Holder Lists	  	32
	 SECTION 2.6
	  	Book-Entry Provisions for Global Securities	  	32
	 SECTION 2.7
	  	Replacement Notes	  	34
	 SECTION 2.8
	  	Outstanding Notes	  	35
	 SECTION 2.9
	  	Treasury Notes	  	35
	 SECTION 2.10
	  	Temporary Notes	  	35
	 SECTION 2.11
	  	Cancellation	  	35
	 SECTION 2.12
	  	Defaulted Interest	  	36
	 SECTION 2.13
	  	Record Date	  	36
	 SECTION 2.14
	  	Computation of Interest	  	36
	 SECTION 2.15
	  	CUSIP Number	  	36
	 SECTION 2.16
	  	Special Transfer Provisions	  	36
	 SECTION 2.17
	  	Issuance of Additional Notes	  	38
	
	ARTICLE III
	
	REDEMPTION AND PREPAYMENT
			
	 SECTION 3.1
	  	Notices to Trustee	  	39
	 SECTION 3.2
	  	Selection of Notes To Be Redeemed	  	39
	 SECTION 3.3
	  	Notice of Redemption	  	40
	 SECTION 3.4
	  	Effect of Notice of Redemption	  	41
	 SECTION 3.5
	  	Deposit of Redemption of Purchase Price	  	41
	 SECTION 3.6
	  	Notes Redeemed in Part	  	41
	 SECTION 3.7
	  	Optional Redemption; Sinking Fund	  	42
	 SECTION 3.8
	  	Mandatory Redemption	  	43
	 SECTION 3.9
	  	Offer To Purchase	  	43

  

 -i- 

					
	 	  	 	  	Page
	
	ARTICLE IV
	
	COVENANTS
			
	 SECTION 4.1
	  	Payment of Notes	  	44
	 SECTION 4.2
	  	Maintenance of Office or Agency	  	44
	 SECTION 4.3
	  	Provision of Financial Information	  	44
	 SECTION 4.4
	  	Compliance Certificate	  	45
	 SECTION 4.5
	  	Taxes; Insurance	  	46
	 SECTION 4.6
	  	Stay, Extension and Usury Laws	  	46
	 SECTION 4.7
	  	Limitation on Restricted Payments	  	46
	 SECTION 4.8
	  	Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries	  	49
	 SECTION 4.9
	  	Limitation on Incurrence of Debt	  	50
	 SECTION 4.10
	  	Asset Sales	  	51
	 SECTION 4.11
	  	Limitation on Transactions with Affiliates	  	53
	 SECTION 4.12
	  	Limitation on Liens	  	54
	 SECTION 4.13
	  	Offer to Purchase upon Change of Control	  	55
	 SECTION 4.14
	  	Corporate Existence	  	55
	 SECTION 4.15
	  	Business Activities	  	56
	 SECTION 4.16
	  	Additional Note Guarantees	  	56
	 SECTION 4.17
	  	Designation of Restricted and Unrestricted Subsidiaries	  	56
	 SECTION 4.18
	  	Further Instruments and Acts	  	57
	
	ARTICLE V
	
	SUCCESSORS
			
	 SECTION 5.1
	  	Merger, Consolidation or Sale of Assets	  	57
	 SECTION 5.2
	  	Successor Corporation Substituted	  	59
	
	ARTICLE VI
	
	DEFAULTS AND REMEDIES
			
	 SECTION 6.1
	  	Events of Default	  	59
	 SECTION 6.2
	  	Acceleration	  	61
	 SECTION 6.3
	  	Other Remedies	  	62
	 SECTION 6.4
	  	Waiver of Past Defaults	  	62
	 SECTION 6.5
	  	Control by Majority	  	62
	 SECTION 6.6
	  	Limitation on Suits	  	63
	 SECTION 6.7
	  	Rights of Holders of Notes To Receive Payment	  	63
	 SECTION 6.8
	  	Collection Suit by Trustee	  	63
	 SECTION 6.9
	  	Trustee May File Proofs of Claim	  	63
	 SECTION 6.10
	  	Priorities	  	64
	 SECTION 6.11
	  	Undertaking for Costs	  	64

  

 -ii- 

					
	 	  	 	  	Page
	
	ARTICLE VII
	
	TRUSTEE
			
	 SECTION 7.1
	  	Duties of Trustee	  	65
	 SECTION 7.2
	  	Rights of Trustee	  	66
	 SECTION 7.3
	  	Individual Rights of Trustee	  	67
	 SECTION 7.4
	  	Trustee’s Disclaimer	  	67
	 SECTION 7.5
	  	Notice of Defaults	  	67
	 SECTION 7.6
	  	Reports by Trustee to Holders of the Notes	  	68
	 SECTION 7.7
	  	Compensation and Indemnity	  	68
	 SECTION 7.8
	  	Replacement of Trustee	  	69
	 SECTION 7.9
	  	Successor Trustee by Merger, Etc.	  	70
	 SECTION 7.10
	  	Eligibility; Disqualification	  	70
	 SECTION 7.11
	  	Preferential Collection of Claims Against the Company	  	70
	 SECTION 7.12
	  	Trustee’s Application for Instructions from the Company	  	70
	
	ARTICLE VIII
	
	DEFEASANCE; DISCHARGE OF INDENTURE
			
	 SECTION 8.1
	  	Option To Effect Legal Defeasance or Covenant Defeasance	  	70
	 SECTION 8.2
	  	Legal Defeasance	  	71
	 SECTION 8.3
	  	Covenant Defeasance	  	71
	 SECTION 8.4
	  	Conditions to Legal or Covenant Defeasance	  	72
	 SECTION 8.5
	  	Deposited Money and Government Securities To Be Held in Trust; Other Miscellaneous Provisions	  	73
	 SECTION 8.6
	  	Repayment to Company	  	74
	 SECTION 8.7
	  	Reinstatement	  	74
	 SECTION 8.8
	  	Discharge	  	74
	
	ARTICLE IX
	
	AMENDMENT, SUPPLEMENT AND WAIVER
			
	 SECTION 9.1
	  	Without Consent of Holders of the Notes	  	75
	 SECTION 9.2
	  	With Consent of Holders of Notes	  	76
	 SECTION 9.3
	  	Compliance with Trust Indenture Act	  	77
	 SECTION 9.4
	  	Revocation and Effect of Consents	  	77
	 SECTION 9.5
	  	Notation on or Exchange of Notes	  	78
	 SECTION 9.6
	  	Trustee To Sign Amendments, Etc.	  	78
	
	ARTICLE X
	
	SECURITY DOCUMENTS
			
	 SECTION 10.1
	  	Security Documents	  	78
	 SECTION 10.2
	  	Recording and Opinions	  	79

  

 -iii- 

					
	 	  	 	  	Page
	 SECTION 10.3
	  	Possession, Use and Release of Collateral	  	79
	 SECTION 10.4
	  	Certificates of the Company	  	81
	 SECTION 10.5
	  	Execution of Release by Trustee	  	82
	 SECTION 10.6
	  	Authorization of Actions To Be Taken by the Trustee Under the Security Documents	  	83
	 SECTION 10.7
	  	Authorization of Receipt of Funds by the Trustee Under the Security Documents	  	83
	 SECTION 10.8
	  	Agent	  	83
	 SECTION 10.9
	  	Security Documents	  	83
	
	ARTICLE XI
	
	NOTE GUARANTEES
			
	 SECTION 11.1
	  	Note Guarantees	  	84
	 SECTION 11.2
	  	Severability	  	85
	 SECTION 11.3
	  	Limitation of Guarantors’ Liability	  	85
	 SECTION 11.4
	  	Guarantors May Consolidate, Etc., on Certain Terms	  	85
	 SECTION 11.5
	  	Releases Following Sale of Assets	  	86
	 SECTION 11.6
	  	Release of a Guarantor	  	87
	 SECTION 11.7
	  	Benefits Acknowledged	  	87
	 SECTION 11.8
	  	Future Guarantors	  	87
	
	ARTICLE XII
	
	MISCELLANEOUS
			
	 SECTION 12.1
	  	Trust Indenture Act Controls	  	87
	 SECTION 12.2
	  	Notices	  	88
	 SECTION 12.3
	  	Communication by Holders of Notes with Other Holders of Notes	  	89
	 SECTION 12.4
	  	Certificate and Opinion as to Conditions Precedent	  	89
	 SECTION 12.5
	  	Statements Required in Certificate or Opinion	  	89
	 SECTION 12.6
	  	Rules by Trustee and Agents	  	89
	 SECTION 12.7
	  	No Personal Liability of Directors, Officers, Employees, Stockholders or Incorporators	  	90
	 SECTION 12.8
	  	Governing Law	  	90
	 SECTION 12.9
	  	No Adverse Interpretation of Other Agreements	  	90
	 SECTION 12.10
	  	Successors	  	90
	 SECTION 12.11
	  	Severability	  	91
	 SECTION 12.12
	  	Counterpart Originals	  	91
	 SECTION 12.13
	  	Table of Contents, Headings, Etc.	  	91
	 SECTION 12.14
	  	Acts of Holders	  	91

  

 -iv- 

 EXHIBITS 
  

			
	Exhibit A	  	 FORM OF NOTE

	Exhibit B	  	 FORM OF CERTIFICATE TO BE DELIVERED IN CONNECTION WITH TRANSFERS PURSUANT TO RULE 144A

	Exhibit C	  	 FORM OF CERTIFICATE TO BE DELIVERED IN CONNECTION WITH TRANSFERS PURSUANT TO REGULATION S

	Exhibit D-1	  	 FORM OF NON-U.S. BENEFICIAL OWNERSHIP CERTIFICATION BY EUROCLEAR OR CLEARSTREAM LUXEMBOURG

	Exhibit D-2	  	 FORM OF NON-U.S. BENEFICIAL OWNERSHIP CERTIFICATION BY MEMBER ORGANIZATION

	Exhibit E	  	 FORM OF SECURITY AGREEMENT

	Exhibit F	  	 FORM OF INTERCREDITOR AGREEMENT

  

 -v- 

 This Indenture, dated as of August 25, 2005, is by and among Intcomex, Inc., a Delaware corporation
(including any successor thereto, the “Company”), Intcomex Holdings, LLC, a Delaware limited liability company (including any successor thereto, “Holdings”), Intcomex Holdings SPC-1, LLC, a Delaware limited
liability company (including any successor thereto, “SPC”), and Software Brokers of America, Inc., a Delaware corporation (including any successor thereto, “SBA” and, together with Holdings and SPC, the
“Guarantors”), and The Bank of New York, as trustee (the “Trustee”). 
 The Company, the Guarantors and the
Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the holders of (i) the Company’s 11 3/4% Second Priority Senior Secured Notes due 2011 issued on the date hereof (the “Initial
Notes”) and (ii) Exchange Notes, Private Exchange Notes and Additional Notes (together with the Initial Notes, the “Notes”): 
 ARTICLE I 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.1 Definitions. 
 “Acquired Debt” means Debt of a Person (including an Unrestricted Subsidiary) existing at the time such Person becomes a Restricted Subsidiary or at the time it merges or consolidates with the Company or any of its
Restricted Subsidiaries or that is assumed in connection with the acquisition of assets from such Person. 
 “Additional
Assets” means: (1) all or substantially all of the assets of a Permitted Business, (2) any assets (other than current assets, Debt or securities) to be used by the Company and its Restricted Subsidiaries in a Permitted Business,
(3) capital expenditures, (4) Capital Interests of a Person that becomes a Restricted Subsidiary and as a result of the acquisition of such Capital Interests by the Company and its Restricted Subsidiaries or (5) Capital Interests
constituting a minority interest in any Person that at such time is a Restricted Subsidiary of the Company. 
 “Additional
Notes” means Notes (other than the Initial Notes) issued pursuant to Article II hereof and otherwise in compliance with the provisions of this Indenture. 
 “Affiliate” of any Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such Person. For the purposes of this definition,
“control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms
“controlling” and “controlled” have meanings that correspond to the foregoing. For purposes of Section 4.11, any Person directly or indirectly owning 10% or more of the outstanding Capital Interests of the Company or any
Person who is a Permitted Holder will be deemed an Affiliate. 
 “After-Acquired Property” means property or assets acquired
by the Company or its Restricted Subsidiaries after the Issue Date that would constitute Collateral if owned on the Issue Date. 
 “Agent” means any Registrar, Paying Agent or co-registrar. 
 “Asset Acquisition” means:

 (a) an Investment by the Company or any Restricted Subsidiary in any other Person pursuant to which such Person shall
become a Restricted Subsidiary, or shall be merged with or into the Company or any Restricted Subsidiary; or 

 (b) the acquisition by the Company or any Restricted Subsidiary of the assets of any
Person (other than a Restricted Subsidiary of the Company) which constitute all or substantially all of the assets of such Person, any division or line of business of such Person or any other properties or assets of such Person other than in the
ordinary course of business. 
 “Asset Sale” means any transfer, conveyance, sale, lease or other disposition (including,
without limitation, dispositions pursuant to any consolidation or merger) by the Company or any of its Restricted Subsidiaries to any Person (other than to the Company or one or more of its Restricted Subsidiaries) of: 
 (i) Capital Interests in another Person (other than directors’ qualifying shares); 
 (ii) any other property or assets (other than in the normal course of business, including any sale or other disposition of obsolete,
substantially worn or damaged, or permanently retired equipment); 
 provided, however, that the term “Asset Sale” shall exclude:

 (a) any asset disposition permitted by Section 5.1 that constitutes a disposition of all or substantially all of the
assets of the Company and its Restricted Subsidiaries taken as a whole; 
 (b) any transfer, conveyance, sale, lease or other
disposition of property or assets, the gross proceeds of which (exclusive of indemnities) do not exceed in any one or related series of transactions $2.5 million; 
 (c) dispositions of cash or Eligible Cash Equivalents; 
 (d) dispositions of Capital Interests of Unrestricted Subsidiaries; 
 (e) the sale and leaseback of any assets within 90 days of the acquisition thereof; 
 (f) the disposition of inventory no longer used or useful in the business of such entity; 
 (g) a Restricted Payment or Permitted Investment that is otherwise permitted by this Indenture; 
 (h) the creation of a Lien (but not the sale or other disposition of the property upon foreclosure of such Lien); 
 (i) leases or subleases in the ordinary course of business to third persons not interfering in any material respect with the business of
the Company or any of its Restricted Subsidiaries; 
 (j) a disposition to a Person that will become a Restricted Subsidiary
immediately after such disposition; 
  

 -2- 

 (k) dispositions of real property owned by the Company or any Restricted Subsidiary with
an aggregate Fair Market Value not exceeding $4.0 million pursuant to one or more Sale and Leaseback Transactions; 
 (l)
issuances or dispositions of Capital Interests of the Company; 
 (m) dispositions of assets received in settlement of
obligations owed to the Company or any Restricted Subsidiary and as a result of bankruptcy or insolvency proceedings or upon the foreclosure or enforcement of any Lien in favor of the Company or any Restricted Subsidiary and, in each case, any
extension, modification or renewal of such assets; and 
 (n) dispositions of accounts receivable owing to Foreign Restricted
Subsidiaries pursuant to accounts receivable factoring facilities or other asset-based financing facilities. 
 For purposes of this
definition, any series of related transactions that, if effected as a single transaction, would constitute an Asset Sale shall be deemed to be a single Asset Sale effected when the last such transaction which is a part thereof is effected.

 “Asset Sale Offer” means an Offer to Purchase required to be made by the Company pursuant to Section 4.10 to all
Holders. 
 “Average Life” means, as of any date of determination, with respect to any Debt, the quotient obtained by
dividing (i) the sum of the product of (x) the number of years from the date of determination to the dates of each successive scheduled principal payment (including any sinking fund or mandatory redemption payment requirements) of such
Debt and (y) the amount of such principal payment by (ii) the sum of all such principal payments. 
 “Bankruptcy
Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 
 “Board of
Directors” means (i) with respect to the Company or any Restricted Subsidiary, its board of directors or similar body of the general partner or managers of such entity or any duly authorized committee thereof; (ii) with respect to
a corporation, the board of directors of such corporation or any duly authorized committee thereof; and (iii) with respect to any other entity, the board of directors or similar body of the general partner or managers of such entity or any duly
authorized committee thereof. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company or any Restricted Subsidiary to have been duly adopted by the Board of Directors, unless the context specifically requires that such resolution be adopted by a majority of the Disinterested Directors, in which case by a
majority of such directors, and to be in full force and effect on the date of such certification and delivered to the Trustee. 
 “Business Day” means any day other than a Legal Holiday. 
 “Capital Interests” in any Person
means any and all shares, interests (including Preferred Interests), participations or other equivalents in the equity interest (however designated) in such Person and 

  

 -3- 

 
any rights (other than Debt securities convertible into an equity interest), warrants or options to acquire an equity interest in such Person. 
 “Capital Lease Obligation” of any Person means the obligation to pay rent or other payment amounts under a lease of (or other Debt
arrangement conveying the right to use) real or personal property of such Person, to the extent such obligations are required to be classified and accounted for as a capital lease obligation on the face of a balance sheet of such Person in
accordance with GAAP. The Stated Maturity of any Capital Lease Obligation shall be the date of the last payment of rent or any other amount due under such lease (or other Debt arrangement) prior to the first date upon which such lease (or other Debt
arrangement) may be terminated by the user of such real or personal property without payment of a penalty, and the amount of any Capital Lease Obligation shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Certificated Notes” means Notes that are in the form of Exhibit A attached hereto other than Global Notes. 
 “Change of Control” means the occurrence of any of the following events: 
 (a) (i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other
than one or more Permitted Holders, is or becomes the ultimate “beneficial owner” (as such term is used in Rules 13d-3 and 13d-5 under the Exchange Act, except that for purposes of this clause (a) such person or group shall be deemed
to have “beneficial ownership” of all shares that any such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the Voting
Interests in the Company; 
 (b) after the consummation of a Public Equity Offering, during any period of two consecutive
years, individuals who at the beginning of such period constituted the Board of Directors of the Company (together with any new directors whose election by the Board of Directors or whose nomination for election by the stockholders of the Company
was approved by a vote of a majority of the directors of the Company then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to
constitute a majority of the Company’s Board of Directors then in office; or 
 (c) the Company sells, conveys, transfers
or leases (either in one transaction or a series of related transactions) all or substantially all of its assets to, or merges or consolidates with, a Person other than (x) a Restricted Subsidiary of the Company or (y) a Successor Entity
in which a majority or more of the voting power of the Voting Interests are “beneficially owned” (as defined in clause (a)) by the Permitted Holders. 
 “Collateral” means, collectively, all of the property and assets that are from time to time subject to or required to be subject to the Liens created under the Security Documents. Notwithstanding the
foregoing, in the event that Rule 3-16 of Regulation S-X under the Securities Act (or any successor regulation) requires the filing with the Commission of separate financial statements of any Subsidiary of the Company because such Subsidiary’s
Capital Interests are pledged as Collateral securing the Notes, the 

  

 -4- 

 
portion (or, if necessary, all) of such Capital Interests necessary to eliminate such filing requirement will automatically be deemed released and to not
have been part of the “Collateral.” 
 “Collateral Agent” means initially the Representative(s) under the Credit
Agreement and may be the Representative(s) under any future First Priority Lien Obligations or another financial institution or entity which, in the determination of the Company, is acceptable and may include, without limitation, an entity
affiliated with the initial purchasers, any lenders or an entity affiliated with the lenders under any First Priority Lien Obligations or an affiliate thereof. 
 “Commission” means the Securities and Exchange Commission and any successor thereto. 
 “Common Interests” of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution
or winding up of such Person, to Capital Interests of any other class in such Person. 
 “Company” has the meaning set forth
in the preamble hereto. 
 “Consolidated Cash Flow Available for Fixed Charges” means, with respect to any Person for any
period: 
 (a) the sum of, without duplication, the amounts for such period, taken as a single accounting period, of:

 (i) Consolidated Net Income; 
 (ii) Consolidated Non-cash Charges; 
 (iii) Consolidated Interest Expense; and 
 (iv) Consolidated Income Tax Expense (other than income tax expense (either positive or negative) attributable to extraordinary gains or
losses); less 
 (b) non-cash items increasing Consolidated Net Income for such period. 
 “Consolidated Fixed Charge Coverage Ratio” means, with respect to any Person, the ratio of the aggregate amount of Consolidated Cash
Flow Available for Fixed Charges of such Person for the four full fiscal quarters, treated as one period, for which financial information in respect thereof is available immediately preceding the date of the transaction (the “Transaction
Date”) giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio (such four full fiscal quarter period being referred to herein as the “Four Quarter Period”) to the aggregate amount of Consolidated
Fixed Charges of such Person for the Four Quarter Period. In calculating “Consolidated Fixed Charges” for purposes of determining the denominator (but not the numerator) of this “Consolidated Fixed Charge Coverage Ratio”:

 (a) interest on outstanding Debt determined on a fluctuating basis as of the Transaction Date and which will continue to be
so determined thereafter shall be deemed to have accrued at a fixed rate per annum equal to the rate of interest on such Debt in effect on the Transaction Date; 
  

 -5- 

 (b) if interest on any Debt actually Incurred on the Transaction Date may optionally be
determined at an interest rate based upon a factor of a prime or similar rate, a Eurocurrency interbank offered rate, or other rates, then the interest rate in effect on the Transaction Date will be deemed to have been in effect during the Four
Quarter Period; and 
 (c) notwithstanding clause (a) above, interest on Debt determined on a fluctuating basis, to the
extent such interest is covered by Swap Contracts, shall be deemed to accrue at the rate per annum resulting after giving effect to the operation of such agreements. 
 If such Person or any of its Subsidiaries (or Restricted Subsidiaries, in the case of the Company) directly or indirectly Guarantees Debt of a third Person, then the above clauses shall give effect (without
duplication) to the Incurrence of such Guaranteed Debt as if such Person or such Subsidiary had directly Incurred or otherwise assumed such Guaranteed Debt. 
 “Consolidated Fixed Charges” means, with respect to any Person for any period, the sum of, without duplication, the amounts for such Person and for such period of: 
 (a) Consolidated Interest Expense; and 
 (b) all dividends and other distributions paid or accrued during such period in respect of Redeemable Capital Interests of such Person and its Subsidiaries (or Restricted Subsidiaries, in the case of the Company).

 “Consolidated Income Tax Expense” means, with respect to any Person for any period, the provision for federal, state,
local and foreign income taxes of such Person and its Subsidiaries (or Restricted Subsidiaries, in the case of the Company) for such period as determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Interest Expense” means, with respect to any Person for any period, without duplication, the sum of: 
 (i) the interest expense of such Person and its Subsidiaries (or Restricted Subsidiaries, in the case of the Company) for such period as
determined on a consolidated basis in accordance with GAAP, including, without limitation: 
 (a) any amortization or
accretion of debt discount; 
 (b) the net cost under Interest Rate Protection Obligations (including any amortization of
discounts); 
 (c) the interest portion of any deferred payment obligation; 
 (d) all commissions, discounts and other fees and charges owed with respect to letters of credit, bankers’ acceptance financing or
similar activities; and 
  

 -6- 

 (e) all accrued interest; provided that such interest expense shall exclude
prepayment premiums and the write-off of deferred financing expense related to the repayment and termination of the Wells Fargo Facility; 
 (ii) the interest component of Capital Lease Obligations paid, accrued and/or scheduled to be paid or accrued by such Person and its Restricted Subsidiaries during such period determined on a consolidated basis in
accordance with GAAP; and 
 (iii) all capitalized interest of such Person and its Subsidiaries (or Restricted Subsidiaries,
in the case of the Company) for such period. 
 “Consolidated Net Income” means, with respect to any Person, for any period,
the consolidated net income (or loss) of such Person and its Subsidiaries (or Restricted Subsidiaries, in the case of the Company) for such period as determined in accordance with GAAP, adjusted, to the extent including in calculating such net
income, by excluding, without duplication: 
 (i) all extraordinary gains or losses (net of fees and expenses relating to the
transaction giving rise thereto) on an after-tax basis; 
 (ii) the portion of net income of such Person and its Subsidiaries
(or Restricted Subsidiaries, in the case of the Company) allocable to minority interest in unconsolidated Persons or Investments in Unrestricted Subsidiaries to the extent that cash dividends or distributions have not actually been received by such
Person or one of its Subsidiaries (or Restricted Subsidiaries, in the case of the Company); 
 (iii) gains or losses in
respect of any Asset Sales by such Person or any of its Subsidiaries (or Restricted Subsidiaries, in the case of the Company) (net of fees and expenses relating to the transaction giving rise thereto), on an after-tax basis; 
 (iv) for purposes of calculating Consolidated Net Income under Section 4.7 only, the net income of any Subsidiary (or Restricted
Subsidiary, in the case of the Company) of such Person to the extent that the declaration of dividends or similar distributions by that Subsidiary (or Restricted Subsidiary, in the case of the Company) of that income is not at the time permitted,
directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulations applicable to that Subsidiary (or Restricted Subsidiary, in the case of the Company) or
its stockholders; 
 (v) any gain or loss realized as a result of the cumulative effect of a change in accounting principles;

 (vi) any fees, expenses and prepayment penalties paid in connection with: (A) the issuance of the Notes; (B) the
execution and delivery of the Credit Agreement; (C) the consummation of the transactions contemplated by the Share Purchase Agreement, dated August 27, 2004, by and among Court Square Capital Ltd., a Delaware corporation, the Sellers named
therein, and the Company; (D) the execution, delivery and termination of the Wells Fargo Facility; and (E) the acquisition of Centel, S.A. de C.V., including the financing thereof; 
  

 -7- 

 (vii) all deferred financing costs written off and net after-tax gains or losses
attributable to early extinguishment of Debt; 
 (viii) any unrealized gains or losses in respect of Hedging Obligations;

 (ix) any unrealized foreign currency transaction gains or losses in respect of Debt of such Person and its Subsidiaries
(Restricted Subsidiaries, in the case of the Company) denominated in a currency other than the functional currency of such Person; 
 (x) any non-cash compensation charge arising from any grant of stock, stock options or other equity-based awards; and 
 (xi) any charges arising from the impairment of goodwill resulting from purchase accounting adjustments in connection with any acquisition consummated by such Person or any of its Subsidiaries. 
 “Consolidated Non-cash Charges” means, with respect to any Person for any period, the aggregate depreciation, amortization (including
amortization of goodwill and other intangibles) and other non-cash expenses of such Person and its Subsidiaries (or Restricted Subsidiaries, in the case of the Company) reducing Consolidated Net Income of such Person and its Restricted Subsidiaries
for such period, determined on a consolidated basis in accordance with GAAP (excluding any such charges constituting an extraordinary gain or loss or any charge which requires an accrual of or a reserve for cash charges for any future period).

 “Corporate Trust Office of the Trustee” shall be at the address of the Trustee specified in Section 12.2 hereof or
such other address as to which the Trustee shall specify for receipt of notices under this Indenture or the Security Documents. 
 “Credit Agreement” means the Company’s Credit Agreement, dated August 25, 2005, between the Company and Comerica Bank, together with all related notes, letters of credit, security documents, guarantees, and any
other related agreements and instruments executed and delivered in connection therewith, in each case as amended, modified, supplemented, refinanced, refunded or replaced in whole or in part from time to time. 
 “Currency Hedge Obligations” means the obligations of a Person Incurred pursuant to any foreign currency exchange agreement, option or
futures contract or other similar agreement or arrangement designed to protect against or manage such Person’s exposure to fluctuations in foreign currency exchange rates (including any arrangement pursuant to which such Person sells accounts
receivable owing to such Person to a financial institution for United States dollars (or a currency that is immediately converted into United States dollars) or obtains a loan in United States dollars (or in a currency that is immediately converted
into United States dollars) from a financial institution with respect to such accounts receivable (and which loan may be secured by such accounts receivable). 
 “CVC” means (i) Citigroup Inc., a Delaware corporation, or any of its Subsidiaries, including Co-Investment LLC VII (Intcomex), a Delaware limited liability company; or (ii) any fund,
collective investment scheme, trust, partnership (including without limitation, any co-investment partnership), special purpose or other vehicle or any Subsidiary or Affiliate of any of the foregoing, with respect to which 

  

 -8- 

 
Citigroup Inc. or any of its Subsidiaries is a general partner, controlling shareholder, investment manager or investment advisor. 
 “CVC Investors” means (i) CVC; (ii) any officer, director, member or general partner of CVC or general partner of any Person
included in the definition of CVC; (iii) any spouse or lineal descendant (including by adoption and stepchildren) of the officer, director, member or general partner referred to in clause (ii) above; and (iv) any trust, corporation,
partnership, estate or other entity the sole beneficiary or beneficiaries of which is or are the persons included in clause (ii) or (iii) above. 
 “Debt” means at any time (without duplication), with respect to any Person, whether recourse is to all or a portion of the assets of such Person or non-recourse, and whether or not contingent, the
following: (i) the principal amount (or, if less, the accreted value) of all indebtedness of such Person for money borrowed, excluding any trade payables, pagarés (promissory notes) or similar instruments issued by a Person to
facilitate collection of trade payables owing by such Person, other current liabilities incurred in the normal course of business and any liability for federal, state or local income taxes or other taxes owed by such Person; (ii) the principal
amount (or, if less, the accreted value) of all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments (other than pagarés (promissory notes) or similar instruments issued by a Person to facilitate
collection of trade payables owing by such Person); (iii) all obligations of such Person with respect to letters of credit, bankers’ acceptances or similar facilities issued for the account of such Person; (iv) all indebtedness
created or arising under any conditional sale or other title retention agreement with respect to property or assets acquired by such Person (even if the rights and remedies of the seller or lender under such agreement in the event of default are
limited to repossession or sale of such property or assets), excluding any trade payables, other current liabilities incurred in the normal course of business and any liability for federal, state or local income taxes or other taxes owed by such
Person; (v) all Capital Lease Obligations of such Person; (vi) the maximum fixed redemption or repurchase price of Redeemable Capital Interests in such Person at the time of determination (but excluding accrued dividends); (vii) all
obligations under any Swap Contracts and Currency Hedge Obligations of such Person at the time of determination; and (viii) all obligations of the types referred to in clauses (i) through (vii) of this definition of another Person,
the payment of which, in either case, (A) such Person has Guaranteed or (B) is secured by any Lien upon the property or other assets of such Person, even though such Person has not assumed or become liable for the payment of such Debt. For
purposes of the foregoing: (a) the maximum fixed repurchase price of any Redeemable Capital Interests that do not have a fixed repurchase price shall be calculated in accordance with the terms of such Redeemable Capital Interests as if such
Redeemable Capital Interests were repurchased on any date on which Debt shall be required to be determined pursuant to this Indenture; provided, however, that, if such Redeemable Capital Interests are not then permitted to be
repurchased, the repurchase price shall be the book value of such Redeemable Capital Interests; (b) the amount outstanding at any time of any Debt issued with original issue discount shall be the liability in respect of such Debt as determined
in conformity with GAAP, but such Debt shall be deemed Incurred only as of the date of original issuance thereof; (c) the amount of any Debt described in clause (viii)(A) above shall be the maximum liability under any such Guarantee;
(d) the amount of any Debt described in clause (viii)(B) above shall be the lesser of (I) the maximum amount of the obligations so secured and (II) the Fair Market Value of such property or other assets; and (e) interest, fees,
premium, dividends and expenses and additional payments, if any, will not constitute Debt. 
 Notwithstanding the foregoing, the
“Debt” of the Company or any Restricted Subsidiary will exclude the Incurrence of Debt by the Company and such Restricted Subsidiary arising from agreements of 

  

 -9- 

 
the Company or such Restricted Subsidiary providing for adjustment of purchase price or other similar obligations, in each case Incurred in connection with
the disposition of any business, assets or Restricted Subsidiary of the Company. 
 “Debt Facility” means one or more credit
facilities, debt facilities, commercial paper facilities or indentures providing for revolving credit loans, term loans, letters of credit, commercial paper or debt securities. 
 “Default” means any event that is, or after notice or passage of time, or both, would be, an Event of Default. 
 “Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in
Section 2.3 hereof as the Depositary with respect to the Notes, until a successor shall have been appointed and become such pursuant to Section 2.6 hereof, and, thereafter, “Depositary” shall mean or include such successor.

 “Discharge of First Priority Lien Obligations” means payment in full in cash of the principal of and interest and
premium, if any, on all Debt outstanding under the First Priority Lien Obligations or, with respect to Hedging Obligations or letters of credit outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in
compliance with such First Priority Lien Obligations, in each case after or concurrently with termination of all commitments to extend credit thereunder, and payment in full of any other obligations that are due and payable or otherwise accrued and
owing in respect of such First Priority Lien Obligations at or prior to the time such principal, interest and premium, if any, are paid. 
 “Disinterested Director” means, with respect to any proposed transaction between (i) the Company or a Restricted Subsidiary, as applicable, and (ii) an Affiliate thereof (other than the Company or a Restricted
Subsidiary), a member of the Board of Directors of the Company or such Restricted Subsidiary, as applicable, who would not be a party to, or have a financial interest in, such transaction and is not an officer, director or employee of, and does not
have a financial interest in, such Affiliate. For purposes of this definition, no person will be deemed not to be a Disinterested Director solely because such person holds Capital Interests in the Company. 
 “Domestic Restricted Subsidiary” means any Restricted Subsidiary of the Company that was formed under the laws of the United States, any
political subdivision thereof or any state thereof or the District of Columbia. 
 “DTC” means The Depository Trust Company
and any successor. 
 “Eligible Bank” means a bank or trust company that is organized and existing under the laws of the
United States, any political subdivision thereof or any state thereof or the District of Columbia, and as of the time of the making or acquisition of an Investment in such bank or trust company, has combined capital and surplus in excess of $250
million. 
 “Eligible Cash Equivalents” means any of the following Investments: (i) securities issued or directly and
fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) maturing not more 

  

 -10- 

 
than one year after the date of acquisition; (ii) time deposits in and certificates of deposit of any Eligible Bank, provided that such
Investments have a maturity date not more than two years after the date of acquisition and that the Average Life of all such Investments is one year or less from the respective dates of acquisition; (iii) repurchase obligations with a term of
not more than 90 days for underlying securities of the types described in clauses (i) and (ii) above entered into with any Eligible Bank; (iv) direct obligations issued by any state of the United States or any political subdivision or
public instrumentality thereof, provided that such Investments mature, or are subject to tender at the option of the holder thereof, within 365 days after the date of acquisition and, at the time of acquisition, have a rating of at least
“A” from S&P or “A-2” from Moody’s (or an equivalent rating by any other nationally recognized rating agency); (v) commercial paper of any Person other than an Affiliate of the Company, provided that such
Investments have one of the two highest ratings obtainable from either S&P or Moody’s and mature within one year after the date of acquisition; (vi) overnight and demand deposits in and bankers’ acceptances of any Eligible Bank
and demand deposits in any Eligible Bank or in any other bank or trust company to the extent insured by the Federal Deposit Insurance Corporation against the Bank Insurance Fund; (vii) in the case of each Foreign Restricted Subsidiary,
Investments of the type described in clauses (ii) and (vi) above issued by or maintained with any financial institution organized in a jurisdiction outside the United States and meeting substantially equivalent capital requirements as
those set forth for Eligible Banks; and (viii) money market funds substantially all of the assets of which comprise Investments of the types described in clauses (i) through (vi). 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Exchange Notes” has the meaning set forth in the Registration Rights Agreement. 
 “Exchange Offer” means an offer that may be made by the Company pursuant to the Registration Rights Agreement to exchange Notes bearing
the Restricted Notes Legend for the Exchange Notes. 
 “Excluded Assets” means After-Acquired Property securing
(A) Purchase Money Debt, (B) Acquired Debt (to the extent the Liens on the relevant After-Acquired Property were incurred prior to (and not in connection with) the acquisition thereof by the relevant Restricted Subsidiary), and
(C) Refinancing Debt in respect of the Debt described in clauses (A) and (B). 
 “Expiration Date” has the meaning
set forth in the definition of “Offer to Purchase.” 
 “Fair Market Value” means, with respect to the
consideration received or paid in any transaction or series of transactions, the fair market value thereof as determined in good faith by the Board of Directors. 
 “First Priority Lien Debt” means Debt Incurred by the Company and the Guarantors pursuant to the Credit Agreement or any other Debt Facility designated by the Company in an officers’ certificate
to be First Priority Lien Debt in an aggregate principal amount at any one time outstanding not to exceed the Maximum Permitted Amount. 
 “First Priority Lien Documents” means the documentation relating to any First Priority Lien Debt including, without limitation, the Credit Agreement, the First Priority Lien Security Documents, and all other agreements
governing, securing or relating to any First Priority Lien Obligations. 
  

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 “First Priority Lien Obligations” means the First Priority Lien Debt, Hedging
Obligations payable to a Lender or an Affiliate thereof or a Person that was a Lender or Affiliate thereof at the time of the entering into of such Hedging Obligations, to the extent such Hedging Obligations are secured by Liens securing Debt
(including all other Obligations with respect thereto) under the Credit Agreement, and all other Obligations of the Company or any Guarantor under the First Priority Lien Documents. 
 “First Priority Lien Security Documents” means one or more security agreements, pledge agreements, collateral assignment, mortgages,
deeds of trust or other grants or transfers for security executed and delivered by the Company or any Guarantor creating a Lien upon property owned or to be acquired by the Company or such Guarantor in favor of any holder or holders of First
Priority Lien Debt, or any trustee, agent or representative acting for any such holders, as security for any First Priority Lien Obligations. 
 “First Priority Liens” means all Liens that secure the First Priority Lien Obligations. 
 “Foreign
Restricted Subsidiary” means any Restricted Subsidiary of the Company that was not formed under the laws of the United States or any state of the United States or the District of Columbia. 
 “GAAP” means generally accepted accounting principles in the United States, consistently applied, as set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, or in such other statements by such other entity as may be
approved by a significant segment of the accounting profession of the United States, which are in effect as of the Issue Date. 
 “Global Note Legend” means the legend identified as such in Exhibit A hereto. 
 “Global
Notes” means the Notes that are in the form of Exhibit A hereto issued in global form and registered in the name of the Depositary or its nominee. 
 “Government Securities” means (1) any security which is (a) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of
America is pledged or (b) an obligation 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
of the United States of America, which, in either case, is not callable or redeemable at the option of the issuer thereof, and (2) any depository receipt issued by a bank, as defined in the Securities Act, as custodian with respect to any
Government Securities and held by such bank for the account of the holder of such depository receipt, or with respect to any specific payment of principal of or interest on any Government Securities which is so specified and held, provided
that, except as required by law, such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Securities or the
specific payment of principal or interest evidenced by such depository receipt. 
 “Guarantee” means, as applied to any Debt
of another Person, (i) a guarantee (other than by endorsement of negotiable instruments for collection in the normal course of business), direct or indirect, in any manner, of any part or all of such Debt, (ii) any direct or indirect
obligation, contingent or otherwise, of a Person guaranteeing or having the effect of guaranteeing the Debt of any other Person in any manner 

  

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and (iii) an agreement of a Person, direct or indirect, contingent or otherwise, the practical effect of which is to assure in any way the payment or
performance (or payment of damages in the event of non-performance) of all or any part of such Debt of another Person (and “Guaranteed” and “Guaranteeing” shall have meanings that correspond to the foregoing).

 “Guarantor” means any Subsidiary of the Company that executes a Guarantee of the Note Obligations in accordance with
provisions of this Indenture and its successors and assigns, until such time as such Guarantee is released in accordance with this Indenture. 
 “Hedging Obligations” of any Person means such Person’s Currency Hedge Obligations and Interest Rate Protection Obligations, and the obligations of such Person pursuant to any Swap Contract. 
 “Holder” means a Person in whose name a Note is registered in the security register. 
 “Incur” means, with respect to any Debt or other obligation of any Person, to create, issue, incur (by conversion, exchange or
otherwise), assume, Guarantee or otherwise become liable in respect of such Debt or other obligation or the recording, as required pursuant to GAAP or otherwise, of any such Debt or other obligation on the balance sheet of such Person;
provided, however, that a change in GAAP that results in an obligation of such Person that exists at such time becoming Debt shall not be deemed an Incurrence of such Debt. Debt otherwise Incurred by a Person before it becomes a
Restricted Subsidiary of the Company shall be deemed to be Incurred at the time at which such Person becomes a Restricted Subsidiary of the Company. “Incurrence,” “Incurred,” and “Incurring” shall
have meanings that correspond to the foregoing. A Guarantee by the Company or a Restricted Subsidiary of Debt Incurred by the Company or a Restricted Subsidiary, as applicable, shall not be a separate Incurrence of Debt. 
 The following shall not be deemed an Incurrence of Debt: 
 (1) amortization of debt discount or accretion of principal with respect to a non-interest bearing or other discount security; 
 (2) the payment of regularly scheduled interest in the form of additional Debt of the same instrument or the payment of regularly
scheduled dividends on Capital Interests in the form of additional Capital Interests of the same class and with the same terms; 
 (3) the obligation to pay a premium in respect of Debt arising in connection with the issuance of a notice of redemption or making of a mandatory offer to purchase such Debt; and 
 (4) unrealized losses or charges in respect of Hedging Obligations. 
 “Indenture” means this Indenture, as amended or supplemented from time to time. 
 “Initial Notes” has the meaning set forth in the preamble hereto. 
 “Intercreditor Agreement” means the lien subordination agreement dated as of the Issue Date between the Collateral Agent and the Trustee
on behalf of the Holders, as amended from time to time, and any additional lien subordination agreement substantially in the form attached to this Indenture entered into by the Trustee and any Representative on behalf of holders of First Priority
Lien Obligations. 
  

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 “Interest Rate Protection Agreements” means, with respect to any Person, any arrangement
with any other Person whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic
payments made by such Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include without limitation, interest rate swaps, caps, floors, collars and similar agreements. 
 “Interest Rate Protection Obligations” means the obligations of any Person pursuant to any Interest Rate Protection Agreements.

 “Investment” by any Person means any direct or indirect loan, advance (or other extension of credit) or capital
contribution to (by means of any transfer of cash or other property or assets to another Person or any other payments for property or services for the account or use of another Person) another Person, including, without limitation, the following:
(i) the purchase or acquisition of any Capital Interest or other evidence of beneficial ownership in another Person; (ii) the purchase, acquisition or Guarantee of the Debt of another Person or the issuance of a “keep-well” with
respect thereto; and (iii) the purchase or acquisition of the business or assets of another Person; but shall exclude: (a) accounts receivable and other extensions of trade credit; (b) the acquisition of property and assets from
suppliers and other vendors in the normal course of business; (c) prepaid expenses and workers’ compensation, utility, lease and similar deposits, in the normal course of business; and (d) investments arising under endorsement of
negotiable instruments for collection. The amount of any Investment outstanding at any time will be the original cost of such Investment without giving effect to changes in value. 
 “Issue Date” means August 25, 2005. 
 “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City of New York, the city in which the principal Corporate Trust Office of the Trustee is located or at a
place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday, payment shall be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue
for the intervening period. 
 “Lenders” means the lenders from time to time under the Credit Agreement. 
 “Lien” means, with respect to any property or other asset, any mortgage or deed of trust, pledge, hypothecation, deposit arrangement,
security interest, lien (statutory or otherwise), charge, easement, encumbrance, preference, priority or other security agreement of any kind or nature whatsoever on or with respect to such property or other asset (including, without limitation, any
conditional sale or other title retention agreement having substantially the same economic effect as any of the foregoing). 
 “Maximum Permitted Amount” means, at any time, the greater of (i) $30 million (minus any amount used to permanently repay First Priority Lien Obligations, or permanently reduce the commitments with respect thereto,
pursuant to Section 4.10) and (ii) the sum of (A) 85% of the net book value of accounts receivable, plus (B) 60% of the net book value of the inventory, in each case of the Company and the Guarantors on a consolidated basis, at
such time. 
 “Moody’s” means Moody’s Investors Service, Inc. and its successors. 
  

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 “Net Cash Proceeds” means, with respect to Asset Sales of any Person, cash and Eligible
Cash Equivalents received, net of: (i) all reasonable out-of-pocket expenses of such Person incurred in connection with such Asset Sale, including, without limitation, all legal, accounting, investment banking, title and recording tax expenses,
commissions and other fees and expenses incurred and all federal, state, foreign and local taxes arising in connection with such an Asset Sale that are paid or required to be accrued as a liability under GAAP by such Person; (ii) all payments
made by such Person on any Debt that is secured by such properties or other assets in accordance with the terms of any Lien upon or with respect to such properties or other assets or that must, by the terms of such Lien or such Debt, or in order to
obtain a necessary consent to such transaction or by applicable law, be repaid to any Person (other than the Company or a Restricted Subsidiary thereof) in connection with such Asset Sale; and (iii) all contractually required distributions and
other payments made to minority interest holders in Restricted Subsidiaries of such Person as a result of such transaction; provided, however, that: (a) (I) in the event that any consideration for an Asset Sale (which would
otherwise constitute Net Cash Proceeds) is required by contract to be held in escrow pending determination of whether a purchase price adjustment will be made or (II) if a reserve against any liabilities (including, without limitation, pension and
other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under indemnification obligations related to such Asset Sale) associated with the Asset Sale and retained by such Person after such Asset Sale is
required to be made in accordance with GAAP, such consideration or reserve (or any portion thereof) shall become Net Cash Proceeds only at such time as it is released to such Person from escrow or otherwise; and (b) any non-cash consideration
received in connection with any transaction, which is subsequently converted to cash, shall become Net Cash Proceeds only at such time as it is so converted and shall be applied in accordance with Section 4.10 within 360 days after such
conversion. 
 “Non-U.S. Person” has the meaning assigned to such term in Regulation S of the Securities Act. 
 “Note Custodian” means the Trustee when serving as custodian for the Depositary with respect to the Global Notes, or any successor
entity thereto. 
 “Note Guarantee” means any guarantee of the Company’s Obligations under the Notes and this Indenture
by a Guarantor. 
 “Note Obligations” means the Notes, the Note Guarantees and all other obligations of any Obligor under
this Indenture, the Notes, the Note Guarantees and the Security Documents. 
 “Notes” has the meaning set forth in the
preamble to this Indenture. 
 “Obligations” means any principal, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities and amounts payable under the documentation governing any Debt. 
 “Obligor”
means a Person obligated as the issuer or Guarantor of the Notes. 
 “Offer” has the meaning set forth in the definition of
“Offer to Purchase.” 
 “Offer to Purchase” means a written offer (the “Offer”) sent by the
Company by first class mail, postage prepaid, to each Holder at his address appearing in the security register on the date of the Offer, offering to purchase up to the aggregate principal amount of Notes set forth in such Offer at the purchase price
set forth in such Offer (as determined pursuant to this Indenture). Unless otherwise required by 

  

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applicable law, the Offer shall specify an expiration date (the “Expiration Date”) of the Offer to Purchase which shall be, subject to any
contrary requirements of applicable law, not less than 30 days or more than 60 days after the date of mailing of such Offer and a settlement date (the “Purchase Date”) for purchase of Notes within five business days after the
Expiration Date. The Company shall notify the Trustee concurrently with the mailing of the Offer of the Company’s obligation to make an Offer to Purchase, and the Offer shall be mailed by the Company or, at the Company’s request, by the
Trustee in the name and at the expense of the Company. The Offer shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Offer to Purchase. The Offer shall also state: 
 (1) the Section of this Indenture pursuant to which the Offer to Purchase is being made; 
 (2) the Expiration Date and the Purchase Date; 
 (3) the aggregate principal amount of the outstanding Notes offered to be purchased pursuant to the Offer to Purchase (including, if less
than 100%, the manner by which such amount has been determined pursuant to clause (11) below) (the “Purchase Amount”); 
 (4) the purchase price to be paid by the Company for each $1,000 principal amount of Notes accepted for payment (as specified pursuant to this Indenture) (the “Purchase Price”); 
 (5) that the Holder may tender all or any portion of the Notes registered in the name of such Holder and that any portion of a Note
tendered must be tendered in an integral multiple of $1,000 principal amount; 
 (6) the place or places where Notes are to be
surrendered for tender pursuant to the Offer to Purchase, if applicable; 
 (7) that, unless the Company defaults in making
such purchase, any Note accepted for purchase pursuant to the Offer to Purchase will cease to accrue interest on and after the Purchase Date, but that any Note not tendered or tendered but not purchased by the Company pursuant to the Offer to
Purchase will continue to accrue interest at the same rate; 
 (8) that, on the Purchase Date, the Purchase Price will become
due and payable upon each Note accepted for payment pursuant to the Offer to Purchase; 
 (9) that each Holder electing to
tender a Note pursuant to the Offer to Purchase will be required to surrender such Note or cause such Note to be surrendered at the place or places set forth in the Offer prior to the close of business on the Expiration Date (such Note being, if the
Company or the Trustee so requires, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing);

 (10) that Holders will be entitled to withdraw all or any portion of Notes tendered if the Company (or its Paying Agent)
receives, not later than the close of business on the Expiration Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the 

  

 -16- 

 
aggregate principal amount of the Notes the Holder tendered, the certificate number of the Note the Holder tendered and a statement that such Holder is
withdrawing all or a portion of his tender; 
 (11) that (a) if Notes having an aggregate principal amount less than or
equal to the Purchase Amount are duly tendered and not withdrawn pursuant to the Offer to Purchase, the Company shall purchase all such Notes and (b) if Notes having an aggregate principal amount in excess of the Purchase Amount are tendered
and not withdrawn pursuant to the Offer to Purchase, the Company shall purchase Notes having an aggregate principal amount equal to the Purchase Amount on a pro rata basis (with such adjustments as may be deemed appropriate so that only Notes
in denominations of $1,000 principal amount or integral multiples thereof shall be purchased); and 
 (12) if applicable,
that, in the case of any Holder whose Note is purchased only in part, the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized denomination as
requested by such Holder, in the aggregate principal amount equal to and in exchange for the unpurchased portion of the aggregate principal amount of the Notes so tendered. 
 “Offering Memorandum” means the final offering memorandum related to the issuance of the Notes on the Issue Date, dated August 16,
2005. 
 “Officer” means, with respect to any Person, the Chairman of the Board, the Principal Executive Officer, the
President, the Principal Operating Officer, the Principal Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person. 
 “Officers’ Certificate” means a certificate to be delivered upon the occurrence of certain events as set forth in this Indenture,
signed on behalf of the Company by two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer or the principal accounting officer of the Company. 
 “Opinion of Counsel” means an opinion from legal counsel. The counsel may be an employee of or counsel to the Company or any Subsidiary
of the Company. 
 “Participant” means, with respect to DTC, a Person who has an account with DTC. 
 “Paying Agent” means any Person authorized by the Company to pay the principal of, premium, if any, or interest on any Notes on behalf
of the Company. 
 “Permitted Additional Second Priority Lien Obligations” means Additional Notes; provided that,
immediately after giving effect to the issuance of such Additional Notes and the receipt and application of the proceeds therefrom, the ratio of the aggregate principal amount of the First Priority Lien Obligations, Second Priority Lien Obligations
and Debt of Foreign Restricted Subsidiaries outstanding on the date such Additional Notes are issued to Consolidated Cash Flow Available for Fixed Charges of the Company and its Restricted Subsidiaries for the Four Quarter Period, determined on a
pro forma basis as set forth under Section 4.9, would be positive, but equal to or less than 4.00:1.00. 
  

 -17- 

 “Permitted Business” means any business similar in nature to any business conducted by
the Company and its Restricted Subsidiaries on the Issue Date and any business reasonably ancillary, incidental, complementary or related to, or a reasonable extension, development or expansion of, the business conducted by the Company and its
Restricted Subsidiaries on the Issue Date, in each case, as determined in good faith by the Board of Directors of the Company. 
 “Permitted Collateral Liens” means the Liens permitted by clauses (a), (b), (c), (d), (e), (f), (m), (n), (o), (r) and (t) of the definition of “Permitted Liens.” 
 “Permitted Debt” means: 
 (i) Debt Incurred pursuant to the Credit Agreement or any other Debt Facility in an aggregate principal amount at any one time outstanding not to exceed the Maximum Permitted Amount; 
 (ii) Debt outstanding under the Notes and contribution, indemnification and reimbursement obligations owed by the Company or any Guarantor
to any of the other of them in respect of amounts paid or payable on such Notes; 
 (iii) Note Guarantees; 
 (iv) Debt of the Company or any Restricted Subsidiary outstanding on the Issue Date; 
 (v) Debt owed to and held by the Company or a Restricted Subsidiary; 
 (vi) Guarantees Incurred by the Company of Debt of a Restricted Subsidiary of the Company; 
 (vii) Guarantees by any Restricted Subsidiary of Debt of the Company or any Restricted Subsidiary, including Guarantees by any Restricted
Subsidiary of Debt under the Credit Agreement, provided that (a) such Debt is Permitted Debt or is otherwise Incurred in accordance with Section 4.9 hereof and (b) if applicable, such Guarantees are subordinated to the Notes to
the same extent as the Debt being guaranteed; 
 (viii) Debt in respect of performance, surety or appeal bonds or letters of
credit Incurred in the ordinary course of business; 
 (ix) Debt under Swap Contracts and Currency Hedge Obligations;

 (x) Debt owed by the Company to any Restricted Subsidiary, provided that if for any reason such Debt ceases to be
held by the Company or a Restricted Subsidiary, as applicable, such Debt shall cease to be Permitted Debt and shall be deemed Incurred as Debt of the Company for purposes of this Indenture; 
 (xi) Debt of Foreign Restricted Subsidiary; provided, that (a) the principal amount of such Debt outstanding at any time may
not exceed $15.0 million in the aggregate and (b) the 

  

 -18- 

 
aggregate principal amount of such Debt and the aggregate principal amount of Debt Incurred pursuant to clause (i) above may not exceed the Maximum
Permitted Amount; 
 (xii) Debt of the Company or any Restricted Subsidiary not otherwise permitted pursuant to this
definition, in an aggregate principal amount not to exceed $5.0 million at any time outstanding, which Debt may (but shall not be required to be) be Incurred under the Credit Agreement; 
 (xiii) any Debt arising under any Sale and Leaseback Transaction involving real property owned by the Company or any Restricted Subsidiary
prior to such Sale and Leaseback Transaction in an aggregate amount not to exceed $4.0 million at any time outstanding; and 
 (xiv) Refinancing Debt. 
 Notwithstanding anything herein to the contrary, Debt permitted under clause (i) of this definition
of “Permitted Debt” shall not constitute “Refinancing Debt” under clause (xiv) of this definition of “Permitted Debt.” 
 “Permitted Holders” means each of (i) CVC Investors; (ii) Anthony Shalom, Michael Shalom and Isaac Shalom, any spouse or lineal descendant of such Person, any trust or estate the sole
beneficiary or beneficiaries of which is either such Person and any spouse or lineal descendant of any such Person; and (iii) any Affiliate of any of the foregoing. 
 “Permitted Investments” means: 
 (a) Investments in existence on Issue Date
and any extension, modification or renewal thereof that does not increase the amount thereof; 
 (b) Investments required
pursuant to any agreement or obligation of the Company or a Restricted Subsidiary in effect on the Issue Date; 
 (c) Eligible
Cash Equivalents; 
 (d) Investments in property and other assets, owned or used by the Company or any Restricted Subsidiary
in the normal course of business; 
 (e) Investments by the Company or any of its Restricted Subsidiaries in the Company or
any Restricted Subsidiary including Guarantees by the Company or a Restricted Subsidiary of the obligations of the Company or a Restricted Subsidiary with respect to (i) trade payables arising in the ordinary course of business or
(ii) Debt that is otherwise permitted under Section 4.9; 
 (f) Investments by the Company or any Restricted
Subsidiary in a Person, if as a result of such Investment (A) such Person becomes a Restricted Subsidiary or (B) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to,
or is liquidated or wound up into, the Company or a Restricted Subsidiary; 
  

 -19- 

 (g) Investments in Swap Contracts and Currency Hedge Obligations; 
 (h) Non-cash consideration received in conjunction with an Asset Sale that is otherwise permitted under Section 4.10 or a sale or
other disposition of any asset not constituting an Asset Sale under the definition thereof; 
 (i) Investments received in
settlement of obligations owed to the Company or any Restricted Subsidiary, as a result of bankruptcy or insolvency proceedings or upon the foreclosure or enforcement of any Lien in favor of the Company or any Restricted Subsidiary, and in each case
any extension, modification or renewal thereof; 
 (j) Investments by the Company or any Restricted Subsidiary (other than in
an Affiliate that is not a Specified Joint Venture) not otherwise permitted under this definition, in an aggregate amount not to exceed $2.0 million; 
 (k) Loans and advances to employees in an amount not to exceed $3.0 million in the aggregate at any one time outstanding; and 
 (l) Loans and advances by the Company or a Restricted Subsidiary to the customers of the Company or another Restricted Subsidiary, the
proceeds of which are used to acquire inventory from the Company or such other Restricted Subsidiary, in an aggregate amount not to exceed $4.0 million at any time outstanding. 
 “Permitted Liens” means: 
 (a) Liens existing at the Issue Date; 
 (b) First Priority Liens and Second Priority Liens;

 (c) any Lien for taxes or assessments or other governmental charges or levies not then delinquent (or which, if delinquent,
are being contested in good faith and for which adequate reserves are being maintained, to the extent required by GAAP); 
 (d) any statutory warehousemen’s, materialmen’s, landlord’s, carriers’, mechanics’, suppliers’, repairmen’s or other similar Liens for sums not then delinquent (or which, if delinquent, are being contested
in good faith and with respect to which adequate reserves are being maintained, to the extent required by GAAP); 
 (e) any
title exception, easement, right-of-way, lease, sublease or other similar Lien that does not materially impair the use or value of the property subject thereto in its use in the business of the Company or a Restricted Subsidiary thereof; 

(f) Liens on property or other assets: (i) in connection with workers’ compensation, unemployment insurance and other types
of statutory obligations or the requirements of any official body; (ii) to secure the performance of tenders, bids, surety or performance bonds, leases, purchase, construction, sales or servicing contracts and other similar obligations Incurred
in the ordinary course of business; (iii) to obtain or secure obligations with respect to letters of credit, 

  

 -20- 

 
Guarantees, bonds or other sureties or assurances Incurred in the ordinary course of business, in each case not Incurred or made in connection with the
borrowing of money; or (iv) arising in connection with any attachment or judgment unless such Liens shall not be satisfied or discharged or stayed pending appeal within 180 days after the entry thereof or the expiration of any such stay;

 (g) Liens securing Acquired Debt and Liens on property of a Person existing at the time such Person is merged with or into
or consolidated with the Company or a Restricted Subsidiary, or becomes a Restricted Subsidiary (and not Incurred in anticipation of such transaction), provided that such Liens are not extended to the property and assets of the Company and
its Restricted Subsidiaries other than the property or assets acquired; 
 (h) Liens securing obligations under Swap Contracts
and Currency Hedge Obligations Incurred in connection with managing interest or currency risk; 
 (i) Liens to secure Capital
Lease Obligations; 
 (j) Liens in favor of the Company or any Guarantor; 
 (k) Liens securing Purchase Money Debt; provided that (i) the Debt will not exceed the cost of such assets, property, plant
and equipment and is not secured by a Lien on any assets, property, plant and equipment other than the property or assets so purchased, leased, constructed, repaired, improved upon or added to and (ii) the Lien securing such Debt shall be
created within 180 days after such purchase, lease, construction, repair, improvement or addition or, in the case of any Refinancing Debt within 180 days after such refinancing; 
 (l) Liens on property or shares of Capital Interests of another Person at the time such other Person becomes a Subsidiary of such Person;
provided, however, that the Liens may not extend to any other property owned by such Person or any of its Restricted Subsidiaries (other than assets and property affixed or appurtenant thereto); 
 (m) Liens securing reimbursement obligations with respect to commercial letters of credit which encumber documents and other property
relating to such letters of credit and products and proceeds thereof; 
 (n) Liens encumbering deposits made to secure
obligations arising from statutory, regulatory, contractual, or warranty requirements of the Company or a Restricted Subsidiary, including rights of offset and set-off; 
 (o) Liens from judgments, decrees, or attachments in circumstances not constituting an Event of Default; 
 (p) Liens to secure any Refinancing Debt (or Refinancing Debt with respect thereto) as a whole, or in part, of any Debt secured by any
Lien; provided, however, that: 
 (A) such new Lien shall be limited to all or part of the same property and assets
that secured or, under the written agreements pursuant to which the original Lien 

  

 -21- 

 
arose, could secure the original Lien (plus improvements and accessions to such property or proceeds or distributions thereof) and 
 (B) the Debt secured by such Lien at such time is not increased to any amount greater than the sum of (i) the outstanding principal
amount or, if greater, committed amount of the Debt at the time the original Lien became a Permitted Lien, plus accrued interest, premiums, penalties and other amounts due with respect to such Debt at the time of the refinancing and (ii) an
amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension, renewal or replacement; 
 (q) Liens upon specific items of inventory or other goods and proceeds of the Company or any Restricted Subsidiary securing such Person’s obligations in respect of bankers’ acceptances issued or created for
the account of such Person to facilitate the purchase, shipment or storage of such inventory or goods; 
 (r) Liens of a bank,
broker or securities intermediary on whose records a deposit account or securities account is maintained securing the payment of customary fees and commissions to the bank, broker or securities intermediary or, with respect to a deposit account,
items deposited but returned unpaid; 
 (s) Liens on Capital Interests held by the Company and its Restricted Subsidiaries in
Unrestricted Subsidiaries and Persons that are not Subsidiaries of the Company; and 
 (t) any extensions, substitutions,
replacements or renewals of the foregoing. 
 “Person” means any individual, corporation, limited liability company,
partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Preferred Interests,” as applied to the Capital Interests in any Person, means Capital Interests in such Person of any class or classes (however designated) that rank prior, as to the payment of dividends or as to the
distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to shares of Common Interests in such Person. 
 “Private Exchange Notes” has the meaning set forth in the Registration Rights Agreement. 
 “Public Equity Offering” means any underwritten public offering of Capital Interests of the Company pursuant to an effective registration statement under the Securities Act. 
 “Purchase Date” has the meaning set forth in the definition of “Offer to Purchase.” 
 “Purchase Money Debt” means Debt Incurred to finance the purchase (whether directly or through the acquisition of the Capital Interests
of any Person owning the assets, property, plant or equipment), lease, or construction of, or repairs, improvements or additions to, assets, property, plant or equipment by the Company or any Restricted Subsidiary, to the extent the purchase or
construction prices for such assets are or should be included in “addition to property, plant or equipment” in accordance with GAAP. 
  

 -22- 

 “Qualified Capital Interests” in any Person means a class of Capital Interests other
than Redeemable Capital Interests. 
 “Redeemable Capital Interests” in any Person means any equity security of such Person
that by its terms (or by terms of any security into which it is convertible or for which it is exchangeable) or otherwise (including the passage of time or the happening of an event) is required to be redeemed, is redeemable at the option of the
holder thereof in whole or in part (including by operation of a sinking fund) or is convertible or exchangeable for Debt of such Person at the option of the holder thereof, in whole or in part, in each case at any time prior to the Stated Maturity
of the Notes. Notwithstanding the preceding sentence, any equity security that would constitute Redeemable Capital Interests solely because the holders of the equity security have the right to require such Person to repurchase such equity security
upon the occurrence of a change of control or an asset sale will not constitute Redeemable Capital Interests if the terms of such equity security provide that such Person may not repurchase or redeem any such equity security pursuant to such
provisions unless such repurchase or redemption complies with Section 4.7. The amount of Redeemable Capital Interests deemed to be outstanding at any time for purposes of this Indenture will be the maximum amount that such Person may become
obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Redeemable Capital Interests, exclusive of accrued dividends. 
 “Redemption Price,” when used with respect to any Note to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Refinancing Debt” means Debt that refunds, refinances, renews, replaces or extends any Debt permitted to be Incurred by the Company or
any Restricted Subsidiary pursuant to the terms of this Indenture, whether involving the same or any other lender or creditor or group of lenders or creditors, but only to the extent that 
 (i) the Refinancing Debt is subordinated to the Notes or the relevant Note Guarantee to at least the same extent as the Debt being
refunded, refinanced, renewed, replaced or extended, if such Debt was subordinated to the Notes, 
 (ii) the Refinancing Debt
is scheduled to mature either (a) no earlier than the Debt being refunded, refinanced, renewed, replaced or extended or (b) at least 91 days after the maturity date of the Notes, 
 (iii) the Refinancing Debt has an Average Life at the time such Refinancing Debt is Incurred that is equal to or greater than the Average
Life of the Debt being refunded, refinanced, renewed, replaced or extended, 
 (iv) such Refinancing Debt is in an aggregate
principal amount that is less than or equal to the sum of (a) the aggregate principal or accreted amount (in the case of any Debt issued with original issue discount, as such) then outstanding under the Debt being refunded, refinanced, renewed,
replaced or extended, (b) the amount of accrued and unpaid interest, if any, and premiums owed, if any, on such Debt being refunded, refinanced, renewed, replaced or extended and (c) the amount of customary fees, expenses and costs related
to the Incurrence of such Refinancing Debt, and 
  

 -23- 

 (v) such Refinancing Debt is Incurred by the same Person (or its successor) that
initially Incurred the Debt being refunded, refinanced, renewed, replaced or extended, except that the Company may Incur Refinancing Debt to refund, refinance, renew, replace or extend Debt of any Restricted Subsidiary of the Company. 
 “Registration Rights Agreement” means (i) the Registration Rights Agreement dated as of the Issue Date among the Company, the
Guarantors and the initial purchasers of the Initial Notes and (ii) any other registration rights agreement entered into in connection with an issuance of Additional Notes in a private offering after the Issue Date. 
 “Registration Statement Effective Date” means the first date on which the registration statement for the Exchange Notes is declared
effective by the Commission. 
 “Representative” means any trustee, agent or representative for the lenders or holders in
respect of any First Priority Lien Obligations; provided that, in the absence of a trustee, agent or representative for lenders or holders in respect of any First Priority Lien Obligations, such lenders or holders shall be deemed to be the
“Representatives” with respect to such First Priority Lien Obligations. 
 “Resale Restriction Termination Date”
means for any Transfer Restricted Note (or beneficial interest therein), other than a Regulation S Temporary Global Note, which shall not have a Resale Restriction Termination Date and shall remain subject to the transfer restrictions specified
therefor in this Indenture until such Global Note is cancelled by the Trustee, that is (a) not a Regulation S Global Note (or Certificated Note issued in respect thereof pursuant to Section 2.6(b)), two years (or such other period
specified in Rule 144(k)) from the Closing Date or, if any Additional Notes that are Transfer Restricted Notes have been issued before the Resale Restriction Termination Date for any Transfer Restricted Notes, from the latest such original issue
date of such Additional Notes, and (b) a Regulation S Global Note (or Certificated Note issued in respect thereof pursuant to Section 2.6(b)) (other than a Regulation S Temporary Global Note), the date on or after the 40th consecutive day
beginning on and including the later of (i) the day on which any Notes represented thereby are offered to persons other than distributors (as defined in Regulation S) pursuant to Regulation S and (ii) the issue date for such Notes.

 “Responsible Officer” means, when used with respect to the Trustee, any officer assigned to the Corporate Trust Office of
the Trustee, including any vice president, assistant vice president, assistant treasurer, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and having direct
responsibility for the administration of this Indenture, and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject.

 “Restricted Notes Legend” means the legend identified as such in Exhibit A hereto. 
 “Restricted Payment” means any of the following: 
 (a) any dividend or other distribution declared and paid on the Capital Interests in the Company (other than dividends, distributions or
payments made solely in Qualified Capital Interests in the Company) that are held by, or declared and paid to, any Person other than the Company or a Restricted Subsidiary of the Company; 
  

 -24- 

 (b) any payment made by the Company or any of its Restricted Subsidiaries to purchase,
redeem, acquire or retire any Capital Interests in the Company (including the conversion into or exchange of any Capital Interests for Debt); 
 (c) any payment made by the Company or any of its Restricted Subsidiaries (other than a payment made solely in Qualified Capital Interests in the Company) to redeem, repurchase, defease (including an in substance or
legal defeasance) or otherwise acquire or retire for value (including pursuant to mandatory repurchase covenants), prior to any scheduled maturity, scheduled sinking fund or mandatory redemption payment, Debt of the Company or any Guarantor that is
subordinate (whether pursuant to its terms or by operation of law) in right of payment to the Notes or any Note Guarantee; 
 (d) any Investment by the Company or a Restricted Subsidiary in any Person, other than a Permitted Investment; and 
 (e) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary; 
 provided, however, the transactions described under
the heading “Use of Proceeds” in the Offering Memorandum on the Issue Date shall not constitute “Restricted Payments.” 
 “Restricted Subsidiary” means any Subsidiary that has not been designated as an “Unrestricted Subsidiary” in accordance with this Indenture. 
 “Sale and Leaseback Transaction” means any direct or indirect arrangement pursuant to which property is sold or transferred by the
Company or a Restricted Subsidiary to a Person other than the Company or a Restricted Subsidiary and is thereafter leased back by the Company or a Restricted Subsidiary. 
 “Second Priority Lien Documents” means the documentation relating to any Second Priority Lien Obligations including, without limitation, this Indenture, the Security Documents, and all other
agreements governing, securing or relating to any Second Priority Lien Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time. 
 “Second Priority Lien Obligations” means the Debt Incurred under the Notes (including any Additional Notes that are Permitted Additional
Second Priority Lien Obligations). 
 “Second Priority Liens” means all Liens that secure the Second Priority Lien
Obligations. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Security Documents” means the Intercreditor Agreement and all of the security agreements, pledges, collateral assignments, mortgages,
deeds of trust, trust deeds or other instruments evidencing or creating or purporting to create any Security Interests in favor of the Trustee for the benefit of itself and the Holders, in all or any portion of the Collateral, as amended, modified,
restated, supplemented or replaced from time to time. 
 “Security Interests” means the Liens on the Collateral created by
the Security Documents in favor of the Trustee for the benefit of itself and the Holders. 
  

 -25- 

 “Significant Subsidiary” has the meaning set forth in Rule 1-02 of Regulation S-X under
the Securities Act and Exchange Act, but shall not include any Unrestricted Subsidiary. 
 “S&P” means
Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies, Inc., and its successors. 
 “Specified
Joint Venture” means a Person that is an Affiliate of the Company solely by virtue of the ownership of Capital Interests of such Person by the Company and its Subsidiaries. 
 “Stated Maturity,” when used with respect to (i) any Note or any installment of interest thereon, means the date specified in such
Note as the fixed date on which the principal amount of such Note or such installment of interest is due and payable and (ii) any other Debt or any installment of interest thereon, the date specified in the instrument governing such Debt as the
fixed date on which the principal of such Debt or such installment of interest is due and payable. 
 “Subsidiary” means,
with respect to any Person, any corporation, limited or general partnership, trust, association or other business entity of which an aggregate of at least a majority of the outstanding Capital Interests therein is, at the time, directly or
indirectly, owned by such Person and/or one or more Subsidiaries of such Person. 
 “Successor Entity” means a Person that
succeeds to and continues the business of the Company. 
 “Swap Contract” means (a) any and all rate swap transactions,
basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or
forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions,
currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including, without limitation, Interest Rate Protection Agreements) and whether or not any such transaction is governed by or subject to
any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and
Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or
liabilities under any Master Agreement. 
 “TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§
77aaa-77bbbb), as amended, as in effect on the date hereof. 
 “Transfer Restricted Notes” means Notes that bear or are
required to bear the Restricted Notes Legend. 
 “Trustee” has the meaning set forth in the preamble to this Indenture.

  

 -26- 

 “Unrestricted Subsidiary” means: 
 (1) any Subsidiary designated as such by the Board of Directors of the Company as set forth below where neither the Company nor any of its
Restricted Subsidiaries (i) provides credit support for, or Guarantee of, any Debt of such Subsidiary or any Subsidiary of such Subsidiary (including any undertaking, agreement or instrument evidencing such Debt) or (ii) is directly or
indirectly liable for any Debt of such Subsidiary or any Subsidiary of such Subsidiary; and 
 (2) any Subsidiary of an
Unrestricted Subsidiary. 
 “Voting Interests” means, with respect to any Person, securities of any class or classes of
Capital Interests in such Person entitling the holders thereof generally to vote on the election of members of the Board of Directors or comparable body of such Person. 
 “Wells Fargo Facility” means the Loan and Security Agreement, dated August 31, 2004, by and among the lenders identified therein, Wells Fargo Foothill, Inc., a California corporation, as arranger
and administrative agent, Morgan Stanley Senior Funding, Inc., a Delaware corporation, as Syndication Agent, the Company and certain of the Company’s Subsidiaries, as amended. 
 SECTION 1.2 Other Definitions. 
  

				
	 Term
	  	Defined in Section	 
	 “Act”
	  	12.14	(a)
	 “Affiliate Transaction”
	  	4.11	(a)
	 “Agent Members”
	  	2.6	 
	 “Bank”
	  	7.13	 
	 “Change of Control Offer”
	  	4.13	 
	 “Change of Control Payment”
	  	4.13	 
	 “Covenant Defeasance”
	  	8.3	 
	 “Custodian”
	  	6.1	 
	 “Discharge”
	  	8.2	(1)
	 “Event of Default”
	  	6.1	 
	 “Excess Proceeds”
	  	4.10	 
	 “Legal Defeasance”
	  	8.2	 
	 “Offer Amount”
	  	3.9	 
	 “Other Senior Debt”
	  	4.10	 
	 “QIB”
	  	2.1	(b)
	 “QIB Global Note”
	  	2.1	(b)
	 “Registrar”
	  	2.3	 
	 “Regulation S”
	  	2.1	(b)
	 “Regulation S Global Note”
	  	2.1	(b)
	 “Regulation S Permanent Global Note”
	  	2.1	(b)
	 “Regulation S Temporary Global Note”
	  	2.1	(b)
	 “Released Collateral”
	  	10.3	(b)
	 “Rule 144A”
	  	2.1	(b)
	 “Sinking Fund”
	  	3.7	(c)
	 “Surviving Entity”
	  	5.1	(i)

  

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 SECTION 1.3 Incorporation by Reference of Trust Indenture Act. 
 Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in, and made a part of, this Indenture. 

The following TIA terms have the following meanings: 
 “indenture securities” means the Notes and any Note Guarantee; 
 “indenture
security holder” means a Holder; 
 “indenture to be qualified” means this Indenture; 
 “indenture trustee” or “institutional trustee” means the Trustee; and 
 “obligor” on the Notes means the Company and any successor obligor upon the Notes or any Guarantor. 
 All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by the Commission rule under
the TIA have the meanings so assigned to them therein. 
 SECTION 1.4 Rules of Construction. 
 Unless the context otherwise requires: 
 (1) a term has the meaning assigned to it herein; 
 (2) an accounting term not otherwise
defined herein has the meaning assigned to it in accordance with GAAP; 
 (3) “or” is not exclusive; 
 (4) words in the singular include the plural, and in the plural include the singular; 
 (5) unless otherwise specified, any reference to Section or Article refers to such Section or Article of this Indenture; 
 (6) provisions apply to successive events and transactions; and 
  

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

 THE NOTES 
 SECTION 2.1
Form and Dating. 
 The Notes and the Trustee’s certificate of authentication shall be substantially in the form of
Exhibit A attached hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note shall be dated the date of its authentication. The Notes initially shall be issued only in minimum
denominations of $5,000 and integral multiples of $1,000. 
 The terms and provisions contained in the Notes shall constitute, and are hereby
expressly made, a part of this Indenture and the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note
conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 
 (a) The Notes shall be issued initially in the form of one or more Global Notes substantially in the form attached as Exhibit A hereto, which shall be deposited on behalf of the purchasers of the Notes represented thereby with
the Trustee as custodian for the Depositary, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided. 
 Each Global Note shall represent such of the outstanding Notes as shall be specified therein and each shall provide that it shall
represent the aggregate amount of outstanding Notes from time to time endorsed thereon and that the aggregate amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges,
redemptions and transfers of interests. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the amount of outstanding Notes represented thereby shall be made by the Trustee or the Note Custodian, at the direction of
the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.6 hereof. 
 Except as
set forth in Section 2.6 hereof, the Global Notes may be transferred, in whole and not in part, only to another nominee of the Depositary or to a successor of the Depositary or its nominee. 
 (b) The Initial Notes are being issued by the Company only (i) to “qualified institutional buyers” (as defined in Rule 144A
under the Securities Act (“Rule 144A”)) (“QIBs”) and (ii) in reliance on Regulation S under the Securities Act (“Regulation S”). After such initial offers, Initial Notes that are
Transfer Restricted Notes may be transferred to QIBs, in reliance on Rule 144A or outside the United States pursuant to Regulation S or to the Company, in accordance with certain transfer restrictions. Initial Notes that are offered in reliance
on Rule 144A shall be issued in the form of one or more permanent Global Notes substantially in the form set 

  

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forth in Exhibit A (the “QIB Global Note”) deposited with the Trustee, as Notes Custodian, duly executed by the Company and
authenticated by the Trustee as hereinafter provided. Initial Notes that are offered in offshore transactions in reliance on Regulation S shall be issued in the form of one or more temporary Global Notes substantially in the form set forth in
Exhibit A, including the Regulation S Temporary Global Note legend (the “Regulation S Temporary Global Note”) deposited with the Trustee, as Notes Custodian, duly executed by the Company and authenticated by
the Trustee as hereinafter provided. Reasonably promptly following the date that is 40 days after the later of the commencement of the offering of the Notes in reliance on Regulation S and the Closing Date, upon receipt by the Trustee and the
Company of a certificate in the form of Exhibit D-1 (a “Non-U.S. Beneficial Ownership Certification”) to the effect that Euroclear or Clearstream Luxembourg, as applicable, has received a certificate in the form of Exhibit
D-2, from the holder of a beneficial interest in such Regulation S Temporary Global Note (or its agent), a single permanent global Note in registered form substantially in the form of Exhibit A (the “Regulation S
Permanent Global Note,” and together with the Regulation S Temporary Global Note, the “Regulation S Global Note”) duly executed by the Company and authenticated by the Trustee as hereinafter provided shall be
deposited with the Trustee, as custodian for the Depositary, and the Registrar shall reflect on its books and records the cancellation of the Regulation S Temporary Global Note and the issuance of the Regulation S Permanent Global Note. The QIB
Global Note and the Regulation S Global Note shall each be issued with separate CUSIP numbers. The aggregate principal amount of each Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee,
as Notes Custodian. Transfers of Notes between QIBs and to or by purchasers pursuant to Regulation S shall be represented by appropriate increases and decreases to the respective amounts of the appropriate Global Notes, as more fully provided
in Section 2.16. 
 (c) Section 2.1(b) shall apply only to Global Notes deposited with or on behalf of the
Depositary. 
 The Company shall execute and the Trustee shall, in accordance with Section 2.1(b) and this
Section 2.1(c), authenticate and deliver the Global Notes that (i) shall be registered in the name of the Depositary or the nominee of the Depositary and (ii) shall be delivered by the Trustee to the Depositary or pursuant to the
Depositary’s instructions or held by the Trustee as custodian for the Depositary. 
 Participants shall have no rights
either under this Indenture with respect to any Global Note held on their behalf by the Depositary or by the Note Custodian as custodian for the Depositary or under such Global Note, and the Depositary may be treated by the Company, the Trustee and
any agent of the Company or the Trustee as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any Agent or other agent of the Company or the
Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Participants, the operation of customary practices of such Depositary governing the
exercise of the rights of an owner of a beneficial interest in any Global Note. 
 None of the Company, the Registrar or the
Trustee shall have any responsibility or obligation to any Holder that is a member of (or a participant in) DTC or any other Person with respect to the accuracy of the records of DTC (or its nominee) or of any participant or member 

  

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thereof, with respect to any ownership interest in the Notes or with respect to the delivery of any notice (including any notice of redemption) or the
payment of any amount or delivery of any Notes (or other security or property) under or with respect to the Notes. The Company, the Registrar and the Trustee may rely (and shall be fully protected in relying) upon information furnished by DTC with
respect to its members, participants and any beneficial owners in the Notes. 
 (d) Notes issued in certificated form shall be
substantially in the form of Exhibit A attached hereto. 
 SECTION 2.2 Execution and Authentication. 
 An Officer shall sign the Notes for the Company by manual or facsimile signature. 
 If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note shall nevertheless be valid.

 A Note shall not be valid until authenticated by the manual signature of a Responsible Officer of the Trustee. The signature shall be
conclusive evidence that the Note has been authenticated under this Indenture. 
 The Trustee shall, upon a written order of the Company
signed by one Officer directing the Trustee to authenticate the Notes and certifying that all conditions precedent to the issuance of the Notes contained herein have been complied with, authenticate Notes for original issue up to the aggregate
principal amount stated in paragraph 4 of the Notes. The aggregate principal amount of Notes outstanding at any time may not exceed such amount except as provided in Section 2.8 hereof. 
 The Trustee may appoint an authenticating agent reasonably acceptable to the Company to authenticate Notes. Unless limited by the terms of such
appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an
Agent to deal with Holders or the Company or an Affiliate of the Company. 
 SECTION 2.3 Registrar; Paying Agent. 
 The Company shall maintain (i) an office or agency where Notes may be presented for registration of transfer or for exchange
(“Registrar”) and (ii) an office or agency where Notes may be presented for payment to a Paying Agent. The Registrar shall keep a register of the Notes and of their transfer and exchange. The Company may appoint one or more
co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar without
notice to any Holder. The Company shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act
as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
 The Company shall notify the Trustee and the Trustee
shall notify the Holders of the name and address of any Agent not a party to this Indenture. The Company or any Guarantor may act as Paying 

  

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Agent or Registrar. The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture, which shall incorporate the
provisions of the TIA. The agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee of the name and address of any such Agent. If the Company fails to maintain a Registrar or Paying
Agent, or fails to give the foregoing notice, the Trustee shall act as such, and shall be entitled to appropriate compensation in accordance with Section 7.7 hereof. 
 The Company initially appoints the Trustee to act as the Registrar and Paying Agent. 
 The Company initially
appoints DTC to act as the Depositary with respect to the Global Notes. 
 SECTION 2.4 Paying Agent To Hold Money in Trust.

 The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the
benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium, if any, or interest on the Notes, and shall notify the Trustee of any Default by the Company in making any such payment. While any such
Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent
(if other than the Company or a Subsidiary) shall have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it
as Paying Agent. Upon the occurrence of events specified in Section 6.1(9) or (10) hereof, the Trustee shall serve as Paying Agent for the Notes. 
 SECTION 2.5 Holder Lists. 
 The Trustee shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of all Holders and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least seven
(7) Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders,
including the aggregate principal amount of the Notes held by each Holder thereof, and the Company shall otherwise comply with TIA § 312(a). 
 SECTION 2.6 Book-Entry Provisions for Global Securities. 
 (a) Each Global Note shall (i) be
registered in the name of the Depositary for such Global Notes or the nominee of such Depositary, (ii) be delivered to the Trustee as custodian for such Depositary and (iii) bear legends as required by Section 2.6(g). 
 Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to any Global
Note held on their behalf by the Depositary, or the Trustee as its custodian, or under the Global Note, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of such Global
Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee, from giving effect to any written certification, proxy or other authorization 

  

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furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the
rights of a Holder of any Note. 
 (b) Transfers of a Global Note shall be limited to transfers of such Global Note in whole, but not in
part, to the Depositary, its successors or their respective nominees. Interests of beneficial owners in a Global Note may be transferred in accordance with Section 2.16 and the rules and procedures of the Depositary. In addition, Certificated
Notes shall be transferred to all beneficial owners (or the requesting beneficial owners, in the case of clause (ii)) in exchange for their beneficial interests if (i) the Depositary notifies the Company that it is unwilling or unable to
continue as Depositary for the Global Notes or the Depositary ceases to be a “clearing agency” registered under the Exchange Act and a successor depositary is not appointed by the Company within ninety (90) days of such notice or
(ii) an Event of Default of which a Responsible Officer of the Trustee has actual notice has occurred and is continuing and the Registrar has received a request from any beneficial owner of an interest in the Global Note (subject to the fourth
paragraph of Section 2.1(c) hereof) to issue such Certificated Notes. 
 (c) In connection with the transfer of the entire Global
Note to beneficial owners pursuant to clause (b) of this Section, such Global Note shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate and deliver, to each
beneficial owner identified by the Depositary in exchange for its beneficial interest in such Global Note an equal aggregate principal amount of Certificated Notes of authorized denominations. 
 (d) The registered holder of a Global Note may grant proxies and otherwise authorize any person, including Agent Members and persons that may hold
interest through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes. 
 (e) Each Global
Note shall bear the Global Note Legend on the face thereof. 
 (f) At such time as all beneficial interests in Global Notes have been
exchanged for Certificated Notes, redeemed, repurchased or cancelled, all Global Notes shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any
beneficial interest in a Global Note is exchanged for Certificated Notes, redeemed, repurchased or cancelled, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global
Note, by the Trustee or the Note Custodian, at the direction of the Trustee, to reflect such reduction. 
 (g) General Provisions Relating
to Transfers and Exchanges. 
 (A) To permit registrations of transfers and exchanges, the Company shall execute and the
Trustee shall authenticate Global Notes and Certificated Notes at the Registrar’s request. 
 (B) No service charge shall
be made to a Holder for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any stamp or transfer tax or similar governmental charge payable in connection therewith (other than any such stamp or
transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.2, 2.10, 3.7, 4.10, 4.13 and 9.5 hereto). 
  

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 (C) All Global Notes and Certificated Notes issued upon any registration of transfer or
exchange of Global Notes or Certificated Notes shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Certificated Notes surrendered upon such
registration of transfer or exchange. 
 (D) The Registrar shall not be required (A) to issue, to register the transfer
of or to exchange Notes during a period beginning at the opening of fifteen (15) days before the day of any selection of Notes for redemption under Section 3.2 hereof and ending at the close of business on the day of selection, (B) to
register the transfer of or to exchange any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part, or (C) to register the transfer of or to exchange a Note between a record date
and the next succeeding interest payment date. 
 (E) Prior to due presentment for the registration of a transfer of any Note,
the Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes,
and neither the Trustee, any Agent nor the Company shall be affected by notice to the contrary. 
 (F) The Trustee shall
authenticate Global Notes and Certificated Notes in accordance with the provisions of Section 2.2 hereof. Except as provided in Section 2.6(b), neither the Trustee nor the Registrar shall authenticate or deliver any Certificated Note in
exchange for a Global Note. 
 (G) Each Holder agrees to provide reasonable indemnity to the Company and the Trustee against
any liability that may result from the transfer, exchange or assignment of such Holder’s Note in violation of any provision of this Indenture and/or applicable United States federal or state securities law. 
 (H) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer
imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Agent Members or beneficial owners of interests in any Global Note) other than to require
delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with
the express requirements hereof. 
 SECTION 2.7 Replacement Notes. 
 If any mutilated Note is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or
theft of any Note, the Company shall issue and the Trustee, upon the written order of the Company signed by an Officer of the Company, shall authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or
the Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if
a Note is replaced. The Company and the Trustee may charge for their expenses in replacing a Note. 
  

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 Every replacement Note is an additional obligation of the Company and shall be entitled to all of the
benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 
 SECTION 2.8 Outstanding Notes.

 The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those cancelled by it, those delivered to it
for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.8 as not outstanding. Except as set forth in Section 2.9 hereof, a
Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 
 If a Note is replaced pursuant to
Section 2.7 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser. 
 If the principal amount of any Note is considered paid under Section 4.1 hereof, it ceases to be outstanding and interest on it ceases to accrue. 
 If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date, money sufficient
to pay Notes payable on that date, then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease to accrue interest. 
 SECTION 2.9 Treasury Notes. 
 In determining whether the Holders of the required aggregate principal
amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company or by any Affiliate of the Company shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be
protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer actually knows and that are shown on the register as being owned shall be so disregarded. Notwithstanding the foregoing, Notes that are to be
acquired by the Company or an Affiliate of the Company pursuant to an exchange offer, tender offer or other agreement shall not be deemed to be owned by such entity until legal title to such Notes passes to such entity. 
 SECTION 2.10 Temporary Notes. 
 Until
Certificated Notes are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Notes upon a written order of the Company signed by two Officers of the Company. Temporary Notes shall be substantially in the form of
Certificated Notes but may have variations that the Company considers appropriate for temporary Notes. Without unreasonable delay, the Company shall prepare and the Trustee shall upon receipt of a written order of the Company signed by two Officers
authenticate Certificated Notes in exchange for temporary Notes. 
 Holders of temporary Notes shall be entitled to all of the benefits of
this Indenture. 
 SECTION 2.11 Cancellation. 
 The Company at any time may deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder or which the Company may have acquired in any manner whatsoever, 

  

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and all Notes so delivered shall be promptly cancelled by the Trustee. All Notes surrendered for registration of transfer, exchange or payment, if
surrendered to any Person other than the Trustee, shall be delivered to the Trustee. The Trustee and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation. Subject to
Section 2.7 hereof, the Company may not issue new Notes to replace Notes that it has redeemed or paid or that have been delivered to the Trustee for cancellation. All cancelled Notes held by the Trustee shall be disposed of in accordance with
its customary practice, and certification of their disposal delivered to the Company upon its written request, unless by a written order, signed by an Officer of the Company, the Company shall direct that cancelled Notes be returned to it.

 SECTION 2.12 Defaulted Interest. 
 If the Company defaults in a payment of interest on the Notes, it shall pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are
Holders on a subsequent special record date, which date shall be at the earliest practicable date but in all events at least five (5) Business Days prior to the payment date, in each case at the rate provided in the Notes and in
Section 4.1 hereof. The Company shall fix or cause to be fixed each such special record date and payment date and shall promptly thereafter notify the Trustee of any such date. At least fifteen (15) days before the special record date, the
Company (or the Trustee, in the name and at the expense of the Company) shall mail or cause to be mailed to Holders a notice that states the special record date, the related payment date and the amount of such interest to be paid. 
 SECTION 2.13 Record Date. 
 Unless
otherwise set forth in this Indenture, the record date for purposes of determining the identity of Holders entitled to vote or consent to any action by vote or consent authorized or permitted under this Indenture shall be determined as provided for
in TIA § 316(c). 
 SECTION 2.14 Computation of Interest. 
 Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 SECTION 2.15 CUSIP Number. 
 The
Company in issuing the Notes may use a “CUSIP” number, and if it does so, the Trustee shall use the CUSIP number in notices of redemption or exchange as a convenience to Holders; provided that any such notice may state that no
representation is made as to the correctness or accuracy of the CUSIP number printed in the notice or on the Notes and that reliance may be placed only on the other identification numbers printed on the Notes. The Company shall promptly notify the
Trustee of any change in the CUSIP number. 
 SECTION 2.16 Special Transfer Provisions. 
 Each Initial Note and each Additional Note issued pursuant to an exemption from registration under the Securities Act will constitute a Transfer
Restricted Note and be required to bear the Restricted Notes Legend until the expiration of the Resale Restriction Termination Date therefor, unless and until 

  

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such Transfer Restricted Note is transferred or exchanged pursuant to an effective registration statement under the Securities Act. The following provisions
shall apply to the transfer of a Transfer Restricted Note: 
 (a) Transfers to QIBs. The following provisions shall
apply with respect to the registration of any proposed transfer of a Transfer Restricted Note (other than pursuant to Regulation S): 
 (i) The Registrar shall register the transfer of a Transfer Restricted Note by a Holder to a QIB if such transfer is being made by a proposed transferor who has provided the Registrar with (a) an appropriately
completed certificate of transfer in the form attached to the Note and (b) a letter substantially in the form set forth in Exhibit B hereto. 
 (ii) If the proposed transferee is an Agent Member and the Transfer Restricted Note to be transferred consists of an interest in the
Regulation S Global Note, upon receipt by the Registrar of (x) the items required by paragraph (i) above and (y) instructions given in accordance with the Depositary’s and the Registrar’s procedures therefor, the
Registrar shall reflect on its books and records the date and an increase in the principal amount of the QIB Global Note in an amount equal to the principal amount of the beneficial interest in the Regulation S Global Note to be so
transferred, and the Registrar shall reflect on its books and records the date and an appropriate decrease in the principal amount of such Regulation S Global Note. 
 (b) Transfers Pursuant to Regulation S. The following provisions shall apply with respect to registration of any proposed
transfer of a Transfer Restricted Note pursuant to Regulation S: 
 (i) The Registrar shall register any proposed
transfer of a Transfer Restricted Note pursuant to Regulation S by a Holder upon receipt of (A) an appropriately completed certificate of transfer in the form attached to the Note and (B) a letter or letters substantially in the form
set forth in Exhibit C and, as applicable, Exhibit D, hereto from the proposed transferor. 
 (ii) If
the proposed transferee is an Agent Member holding a beneficial interest in a QIB Global Note and the Transfer Restricted Note to be transferred consists of an interest in a QIB Global Note, upon receipt by the Registrar of (x) the letter, if
any, required by paragraph (i) above and (y) instructions in accordance with the Depositary’s and the Registrar’s procedures therefor, the Registrar shall reflect on its books and records the date and an increase in the principal
amount of the Regulation S Global Note in an amount equal to the principal amount of the beneficial interest in the QIB Global Note to be transferred, and the Registrar shall reflect on its books and records the date and an appropriate decrease
in the principal amount of the QIB Global Note. 
 (c) Exchange Offer. Upon the occurrence of the Exchange Offer in
accordance with the Registration Rights Agreement, the Issuer shall issue and, upon receipt of an authentication order in accordance with Section 2.2, the Trustee shall authenticate one or more Global Notes not bearing the Restricted Notes
Legend in an aggregate principal amount equal to the principal 

  

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amount of the beneficial interests in the Global Notes that are Transfer Restricted Notes tendered for acceptance in accordance with the Exchange Offer and
accepted for exchange in the Exchange Offer. 
 Concurrently with the issuance of such Global Notes, the Registrar shall cause
the aggregate principal amount of the applicable Transfer Restricted Notes to be reduced accordingly, and the Registrar shall deliver to the Persons designated by the Holders of Transfer Restricted Notes so accepted Global Notes not bearing the
Restricted Notes Legend in the appropriate principal amount. 
 (d) Restricted Notes Legend. Upon the transfer,
exchange or replacement of Notes not bearing the Restricted Notes Legend, the Registrar shall deliver Notes that do not bear the Restricted Notes Legend. Upon the transfer, exchange or replacement of Notes bearing the Restricted Notes Legend, the
Registrar shall deliver only Notes that bear the Restricted Notes Legend unless there is delivered to the Registrar an Opinion of Counsel reasonably satisfactory to the Company and the Trustee to the effect that neither such legend nor the related
restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act or such Note has been exchanged, sold or transferred pursuant to an effective registration statement under the Securities Act and the
Registrar has received an Officers’ Certificate from the Company to such effect. 
 (e) General. By its acceptance
of any Note bearing the Restricted Notes Legend, each Holder of such a Note acknowledges the restrictions on transfer of such Note set forth in this Indenture and in the Restricted Notes Legend and agrees that it shall transfer such Note only as
provided in this Indenture. A transfer of a beneficial interest in a Global Note that does not involve an exchange of such interest for a Certificated Note or a beneficial interest in another Global Note shall be subject to compliance with
applicable law and the applicable procedures of the Depositary, but is not subject any procedure required by this Indenture. 
 The Registrar
shall retain copies of all letters, notices and other written communications received pursuant to this Section 2.16. 
 SECTION 2.17
Issuance of Additional Notes. 
 The Company shall be entitled to issue Additional Notes under this Indenture that shall have
identical terms as the Initial Notes, other than with respect to the date of issuance, issue price and amount of interest payable on the first interest payment date applicable thereto (and, if such Additional Notes shall be issued in the form of
Transfer Restricted Notes, other than with respect to transfer restrictions, any Registration Rights Agreement and additional interest with respect thereto); provided that such issuance is not prohibited by the terms of this Indenture,
including Section 4.9 and Section 4.12 (including, without limitation, the definition of Permitted Additional Second Priority Lien Obligations). The Initial Notes and any Additional Notes, Exchange Notes and Private Exchange Notes shall be
treated as a single class for all purposes under this Indenture. 
 With respect to any Additional Notes, the Company shall set forth in a
resolution of its Board of Directors and in an Officers’ Certificate, a copy of each of which shall be delivered to the Trustee, the following information: 
 (1) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; 
  

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 (2) the issue price, the issue date, the CUSIP number of such Additional Notes, the first
interest payment date and the amount of interest payable on such first interest payment date applicable thereto and the date from which interest shall accrue; and 
 (3) whether such Additional Notes shall be Transfer Restricted Notes. 
 ARTICLE III 
 REDEMPTION AND PREPAYMENT 
 SECTION 3.1 Notices to Trustee. 
 If
the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.7 hereof, it shall furnish to the Trustee, at least forty-five (45) days (or such shorter period as is acceptable to the Trustee) before a
redemption date, an Officers’ Certificate setting forth (i) the section of this Indenture pursuant to which the redemption shall occur, (ii) the redemption date, (iii) the principal amount of Notes to be redeemed and
(iv) the Redemption Price. 
 If the Company is required to make an offer to purchase Notes pursuant to Section 4.10 or 4.13
hereof, it shall furnish to the Trustee, at least forty-five (45) days (or such shorter period as is acceptable to the Trustee) before the scheduled purchase date, an Officers’ Certificate setting forth (i) the section of this
Indenture pursuant to which the offer to purchase shall occur, (ii) the terms of the offer, (iii) the principal amount of Notes to be purchased, (iv) the purchase price and (v) the purchase date and further setting forth a
statement to the effect that (a) the Company or one of its Subsidiaries has effected an Asset Sale and there are Excess Proceeds aggregating more than $20.0 million or (b) a Change of Control has occurred, as applicable. 
 The Company will also provide the Trustee with any additional information that the Trustee reasonably requests in connection with any redemption or
offer. 
 SECTION 3.2 Selection of Notes To Be Redeemed. 
 In the event that less than all of the Notes are to be redeemed at any time (including pursuant to any Sinking Fund redemption), selection of Notes for
redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which Notes are listed or, if the Notes are not then listed on a national securities exchange, on a pro rata
basis, by lot or by any other method as the Trustee shall deem fair and appropriate. If a partial redemption is made with the proceeds of a Public Equity Offering, selection of the Notes or portions thereof for redemption shall, subject to the
preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibited. No Notes of a principal amount of
$1,000 or less shall be redeemed in part and Notes of a principal amount in excess of $1,000 may be redeemed in part in multiples of $1,000 only. 
  

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 Notice of any redemption shall be mailed by first-class mail, postage prepaid, at least 30 but not more
than 60 days before the redemption date (other than for notice of a Sinking Fund payment, which shall require 10 days’ notice) to each Holder of Notes to be redeemed at its registered address. If Notes are to be redeemed in part only, the
notice of redemption shall state the portion of the principal amount thereof to be redeemed. A new Note in a principal amount equal to the unredeemed portion thereof (if any) will be issued in the name of the Holder thereof upon cancellation of the
original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will be made, as appropriate). 
 On and
after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption. The Trustee shall make the selection from the Notes outstanding and not previously called for redemption as long as the Company has
deposited with the Paying Agent funds in satisfaction of the applicable Redemption Price pursuant to this Indenture and shall promptly notify the Company in writing of the Notes selected for redemption. The Trustee may select for redemption portions
(equal to $1,000 or any integral multiple thereof) of the principal of the Notes that have denominations larger than $1,000. 
 SECTION 3.3
Notice of Redemption. 
 Subject to the provisions of Section 3.9, at least 30 days but not more than 60 days before a redemption
date, the Company shall mail or cause to be mailed by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed. 
 The notice shall identify the Notes to be redeemed and shall state: 
 (1) the redemption date; 
 (2) the Redemption Price; 
 (3) if any Note is being redeemed in part, the portion of the principal amount of such Notes to be redeemed and that, after the redemption date, upon surrender of such Note, a new Note or Notes in principal amount
equal to the unredeemed portion shall be issued upon cancellation of the original Note; 
 (4) the name, telephone number and
address of the Paying Agent; 
 (5) that Notes called for redemption must be surrendered to the Paying Agent to collect the
Redemption Price; 
 (6) that, unless the Company defaults in making such redemption payment, interest, if any, on Notes
called for redemption ceases to accrue on and after the redemption date; 
 (7) the paragraph of the Notes and/or Section of
this Indenture pursuant to which the Notes called for redemption are being redeemed; and 
 (8) that no representation is made
as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Notes. 
  

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 At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name
and at the Company’s expense; provided, however, that the Company shall have delivered to the Trustee, at least 45 days prior to the redemption date (or such shorter period as is acceptable to the Trustee), an Officers’
Certificate requesting that the Trustee give such notice and setting forth the information to be stated in the notice as provided in the preceding paragraph. The notice mailed in the manner herein provided shall be conclusively presumed to have been
duly given whether or not the Holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Note shall not affect the validity of the proceeding for the redemption of any other Note.

 SECTION 3.4 Effect of Notice of Redemption. 
 Once notice of redemption is mailed in accordance with Section 3.3 hereof, Notes called for redemption become irrevocably due and payable on the redemption date at the Redemption Price plus accrued and unpaid
interest, if any, to such date. A notice of redemption may not be conditional. 
 SECTION 3.5 Deposit of Redemption of Purchase Price.

 On or before 10:00 a.m. (New York City time) on each redemption date or the date on which Notes must be accepted for purchase pursuant to
Section 4.10 or 4.13, the Company shall deposit with the Trustee or Paying Agent (other than the Company or an Affiliate of the Company) money sufficient to pay the Redemption Price of and accrued and unpaid interest, if any, on all Notes to be
redeemed or purchased on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the Redemption Price of
(including any applicable premium), and accrued interest, if any, on, all Notes to be redeemed or purchased. 
 If Notes called for
redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if Company has deposited with the Trustee or Paying Agent (other than the Company or an Affiliate of the Company) money sufficient to pay the redemption or purchase
price of and unpaid and accrued interest, if any, on all Notes to be redeemed or purchased, on and after the redemption or purchase date, interest, if any, shall cease to accrue on the Notes or the portions of Notes called for redemption or tendered
and not withdrawn in an Asset Sale Offer or Change of Control Offer (regardless of whether certificates for such securities are actually surrendered). If a Note is redeemed or purchased on or after an interest record date but on or prior to the
related interest payment date, then any accrued and unpaid interest, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption shall not be so paid upon
surrender for redemption because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal from the redemption or purchase date until such principal is paid, and to the extent lawful on any
interest not paid on such unpaid principal, in each case, at the rate provided in the Notes and in Section 4.1 hereof. 
 SECTION 3.6
Notes Redeemed in Part. 
 Upon surrender of a Note that is redeemed in part, the Company shall issue and, upon the written request of
an Officer of the Company, the Trustee shall authenticate for the Holder at the expense of the Company a new Note equal in principal amount to the unredeemed portion of the Note surrendered; provided that each such new Note will be in a
principal amount of $5,000 or an integral multiple of $1,000. 
  

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 SECTION 3.7 Optional Redemption; Sinking Fund. 
 (a) The Notes shall not be redeemable at the Company’s option prior to January 15, 2007. Thereafter, the Notes shall be subject to redemption,
at the option of the Company, in whole or in part, at any time on or after January 15, 2007, upon not less than 30 nor more than 60 days’ notice at the Redemption Prices (expressed as percentages of the principal amount to be redeemed) set
forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior
to the redemption date), if redeemed during the twelve-month period beginning on January 15 of the years indicated below: 
  

				
	 Year
	  	Redemption Price	 
	 2007
	  	106.000	%
	 2008
	  	105.875	%
	 2009
	  	102.500	%
	 2010 and thereafter
	  	100.000	%

 (b) At any time, or from time to time, on or prior to January 15, 2007, the Company may, at
its option, use the net cash proceeds of one or more Public Equity Offerings of Qualified Capital Interests to redeem up to 35% of the principal amount of the Notes issued under this Indenture at a Redemption Price of 111.75%, together with accrued
and unpaid interest thereon, if any, to the date of redemption; provided that: 
 (1) at least 65% of the principal
amount of Notes originally issued under this Indenture on the Issue Date remain outstanding immediately after any such redemption; and 
 (2) the Company makes such redemption not more than 90 days after the consummation of any such Public Equity Offering. 
 (c) As a mandatory sinking fund (the “Sinking Fund”), the Company shall redeem on August 15 of each of the years 2007 to 2009, inclusive, $5,000,000 aggregate principal amount of Notes at a
Redemption Price equal to 100% of the aggregate principal amount of the Notes to be redeemed, together with accrued and unpaid interest to the redemption date. The Company may, at its option, credit against the aggregate principal amount of the
Notes to be redeemed in connection with any Sinking Fund redemption (to the extent not previously credited) the aggregate principal amount of Notes: 
 (i) previously or contemporaneously redeemed by it pursuant to Section 3.7(a) or (b) (or previously or contemporaneously called for redemption pursuant to such provisions so long as the Redemption Price
therefor shall have been deposited in trust for that purpose in accordance with this Indenture); and 
 (ii) previously or
contemporaneously acquired by it (and delivered to the Trustee for cancellation), whether by privately negotiated transactions, by way of tender offers or otherwise, 
 in either case described in clauses (i) and (ii) above other than through mandatory Sinking Fund redemptions. 
  

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 SECTION 3.8 Mandatory Redemption. 
 Except as set forth under Sections 3.7(c), 3.9, 4.10 and 4.13 hereof, the Company shall not be required to make mandatory redemption payments with
respect to the Notes. 
 SECTION 3.9 Offer To Purchase. 
 In the event that the Company shall be required to commence an Offer to Purchase pursuant to an Asset Sale Offer or a Change of Control Offer, the Company shall follow the procedures specified below. 
 On the Purchase Date, the Company shall purchase the aggregate principal amount of Notes required to be purchased pursuant to Section 4.10 hereof or
Section 4.13 hereof (the “Offer Amount”), or if less than the Offer Amount has been tendered, all Notes tendered in response to the Offer to Purchase. Payment for any Notes so purchased shall be made in the same manner as
interest payments are made. If the Purchase Date is on or after the interest record date and on or before the related interest payment date, any accrued and unpaid interest, if any, shall be paid to the Person in whose name a Note is registered at
the close of business on such record date, and no additional interest, if any, shall be payable to the Holders who tender Notes pursuant to the Offer to Purchase. The Company shall notify the Trustee at least 15 days (or such shorter period as is
acceptable to the Trustee) prior to the mailing of the Offer of the Company’s obligation to make an Offer to Purchase, and the Offer shall be mailed by the Company or, at the Company’s request, by the Trustee in the name and at the expense
of the Company. The Offer shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Offer to Purchase. 
 On or before 10:00 a.m. (New York City time) on each Purchase Date, the Company shall irrevocably deposit with the Trustee or Paying Agent (other than the Company or an Affiliate of the Company) in immediately
available funds the aggregate purchase price equal to the Offer Amount, together with accrued and unpaid interest, if any, thereon, to be held for payment in accordance with the terms of this Section 3.9. On the Purchase Date, the Company
shall, to the extent lawful, (i) accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Offer to Purchase, or if less than the Offer Amount has been
tendered, all Notes tendered, (ii) deliver or cause the Paying Agent or depositary, as the case may be, to deliver to the Trustee Notes so accepted and (iii) deliver to the Trustee an Officers’ Certificate stating that such Notes or
portions thereof were accepted for payment by the Company in accordance with the terms of this Section 3.9. The Company, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than three
(3) Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Company for purchase, plus any accrued and unpaid interest, if
any, thereon, and the Company shall promptly issue a new Note, and the Trustee, at the written request of the Company, shall authenticate and mail or deliver at the expense of the Company such new Note to such Holder, equal in principal amount to
any unpurchased portion of such Holder’s Notes surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. The Company shall publicly announce in a newspaper of general circulation or in a
press release provided to a nationally recognized financial wire service the results of the Offer to Purchase on the Purchase Date. 
 Other
than as specifically provided in this Section 3.9, any purchase pursuant to this Section 3.9 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof. 
  

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 ARTICLE IV 
 COVENANTS 
 SECTION 4.1 Payment of Notes. 
 (a) The Company shall pay or cause to be paid the principal of, premium, if any, and interest on the Notes on the dates and in the manner provided in the
Notes. Principal, premium, if any, and interest shall be considered paid for all purposes hereunder on the date the Paying Agent, if other than the Company or a Subsidiary thereof, holds, as of 10:00 a.m. (New York City time), money deposited by the
Company in immediately available funds and designated for and sufficient to pay all such principal, premium, if any, and interest then due. 
 (b) The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate equal to 1% per annum in excess of the then applicable interest rate on the Notes
to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful.

 SECTION 4.2 Maintenance of Office or Agency. 
 The Company shall maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee or Registrar) where Notes may be surrendered for registration of transfer or for exchange and where
notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any
time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the
Trustee. 
 The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other
office or agency. 
 The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in
accordance with Section 2.3 hereof. 
 SECTION 4.3 Provision of Financial Information. 
 Whether or not required by the rules and regulations of the Commission, so long as any Notes are outstanding (unless defeased in a Legal Defeasance), the
Company will have its annual financial statements audited, and its interim financial statements reviewed, by a nationally recognized firm of independent accountants and, to the extent that the Company does not file such information with the
Commission, will furnish to the Holders, within 90 days after the end of each fiscal year of the Company and within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Company, (a) all quarterly and
annual financial statements prepared in accordance with GAAP that would be required to be 

  

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contained in a filing with the Commission on Forms 10-Q and 10-K if the Company were required to file those Forms, including a “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and, with respect to the annual information only, a report on the annual financial statements by the Company’s certified independent accountants and (b) from
and after the Registration Statement Effective Date all other information that would be required to be contained in a filing with the Commission on Form 8-K if the Company were required to file that Form; provided that the filing of such
information on the Commission’s EDGAR system will satisfy the Company’s obligation to furnish such information. 
 In addition,
whether or not required by the rules and regulations of the Commission, unless the Commission will not accept such a filing, the Company will from and after the Registration Statement Effective Date file with the Commission for public availability a
copy of all of the information and reports referred to in clauses (a) and (b) above within the time periods specified in the Commission’s rules and regulations. 
 For so long as any of the Notes remain outstanding, the Company will furnish to the Holders of the Notes and to prospective investors, upon their
request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 
 The Company shall provide the
Trustee with a sufficient number of copies of all reports and other documents and information and, if requested by the Company, the Trustee will deliver such reports to the Holders under this Section 4.3. 
 Delivery of such reports, information and documents to the Trustee is for information purposes only and the Trustee’s receipt of such shall not
constitute constructive notice of any information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 The Company shall deliver financial statements for the quarter ended June 30, 2005 to Holders no later than September 15, 2005. 
 SECTION 4.4 Compliance Certificate. 
 The Company shall deliver to the Trustee, within 105 days after the end of each fiscal year, an Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been
made under the supervision of the signing Officers with a view to determining whether each has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that,
to the best of his or her knowledge, each entity has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of
this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto) and
that, to the best of his or her knowledge, no event has occurred and remains in existence by reason of which payments on account of the principal of, premium, if any, or interest on the Notes is prohibited or if such event has occurred, a
description of the event and what action the Company is taking or proposes to take with respect thereto. 
  

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 The Company shall, so long as any of the Notes are outstanding, deliver to the Trustee, forthwith upon
any Officer becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 
 SECTION 4.5 Taxes; Insurance. 
 (a)
The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency all material taxes, assessments and governmental levies, except such as are contested in good faith and by appropriate proceedings and with respect to which
appropriate reserves have been taken in accordance with GAAP or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes. 
 (b) The Company will, and will cause each of its Restricted Subsidiaries to maintain, with financially sound and reputable insurance companies, insurance
in such amounts and against such risks (including fire, business interruption and other risks insured by extended coverage) as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar
locations (as determined by the Board of Directors), including public liability insurance against claims for personal injury, death or property damage occurring upon, about or in connection with the use of any properties owned, occupied or
controlled by it as well as such other insurance as may be required by law. 
 SECTION 4.6 Stay, Extension and Usury Laws. 

The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim
or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company and each of the Guarantors (to the
extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but
shall suffer and permit the execution of every such power as though no such law has been enacted. 
 SECTION 4.7 Limitation on Restricted
Payments. 
 The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, make any Restricted
Payment unless, at the time of and after giving effect to the proposed Restricted Payment: 
 (a) no Default or Event of
Default shall have occurred and be continuing or will occur as a consequence thereof; 
 (b) after giving effect to such
Restricted Payment on a pro forma basis, the Company would be permitted to Incur at least $1.00 of additional Debt (other than Permitted Debt) pursuant to the provisions described in the first paragraph under Section 4.9; and 

 

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 (c) after giving effect to such Restricted Payment on a pro forma basis, the
aggregate amount expended or declared for all Restricted Payments made on or after the Issue Date shall not exceed the sum (without duplication) of 
 (1) 50% of the Consolidated Net Income (or, if Consolidated Net Income shall be a deficit, minus 100% of such deficit) of the Company accrued on a cumulative basis during the period (taken as one accounting period)
beginning on the first day of the first full fiscal quarter commencing after the Issue Date and ending on the last day of the fiscal quarter immediately preceding the date of such proposed Restricted Payment, plus 
 (2) 100% of the aggregate net proceeds (including the Fair Market Value of property other than cash) received by the Company subsequent to
the Issue Date either (i) as a contribution to its common equity capital or (ii) from the issuance and sale (other than to a Restricted Subsidiary) of its Qualified Capital Interests, including Qualified Capital Interests issued upon the
conversion of Debt or Redeemable Capital Interests of the Company, and from the exercise of options, warrants or other rights to purchase such Qualified Capital Interests, plus 
 (3) 100% of the net reduction in Investments (other than Permitted Investments), subsequent to the date of the initial issuance of the
Notes, in any Person, resulting from payments of interest on Debt, dividends, repayments of loans, advances, or the proceeds of any sale or other disposition of an Investment, in each case to the Company or any Restricted Subsidiary from any Person
(including, without limitation, from Unrestricted Subsidiaries) or from redesignations of Unrestricted Subsidiaries as Restricted Subsidiaries in accordance with this Indenture, not to exceed in the case of any Person the amount of Investments
previously made by the Company or any Restricted Subsidiary in such Person; provided that any such interest, dividends, or repayments, or any gain resulting from any such sale or disposition, included in any such net reduction shall not be
included in determining Consolidated Net Income pursuant to clause (a) above. 
 Notwithstanding the foregoing provisions, the Company
and its Restricted Subsidiaries may take the following actions, provided that immediately after giving effect to such action, no Default or Event of Default has occurred and is continuing: 
 (i) the payment of any dividend on Capital Interests in the Company or a Restricted Subsidiary within 60 days after declaration thereof if
at the declaration date such payment would not have been prohibited by the foregoing provisions of this Section 4.7; 
 (ii) the retirement of any Qualified Capital Interests of the Company by conversion into, or by or in exchange for, Qualified Capital Interests, or out of net cash proceeds of the substantially concurrent sale (other than to a Subsidiary of
the Company) of other Qualified Capital Interests of the Company; 
 (iii) the redemption, defeasance, repurchase or
acquisition or retirement for value of any Debt of the Company that is subordinate in right of payment to the Notes (a) out of the net cash proceeds of a substantially concurrent issue and sale (other than to a Subsidiary of the Company) of
(x) new subordinated Debt of the Company Incurred in accordance with this Indenture 

  

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or (y) Qualified Capital Interests of the Company or (b) following the occurrence of a Change of Control or with Excess Proceeds from an Asset
Sale, but only if the Company shall have complied with Sections 4.10 and 4.13 and, if required, purchased all Notes tendered pursuant to the Offer to Purchase all Notes required thereby, prior to purchasing or repaying such subordinated Debt;

 (iv) the purchase, redemption, retirement or other acquisition for value of Capital Interests in the Company held by
employees, directors, or officers or former employees, directors or officers of the Company or any Restricted Subsidiary (or their estates or beneficiaries under their estates) upon death, disability, retirement or termination of employment or
pursuant to the terms of any agreement in connection with which such Capital Interests were issued (including without limitation the Shareholders Agreement, dated August 31, 2004 among the shareholders of the Company and the Company, as
amended); provided that the aggregate cash consideration paid for such purchase, redemption, retirement or other acquisition of such Capital Interests does not exceed $2.5 million in the aggregate since the Issue Date (which amount shall be
increased by the amount of any net cash proceeds received from the sale since the Issue Date of Qualified Capital Interests to officers, directors and senior management employees of the Company and its Restricted Subsidiaries and the net cash
proceeds of any “key man” life insurance policies that are used to make such redemptions); 
 (v) the payments
described under the heading “Use of Proceeds” in the Offering Memorandum; 
 (vi) repurchase of Capital Interests
deemed to occur upon the exercise of stock options, warrants or other convertible or exchangeable securities; 
 (vii) any
Restricted Payment made with the net cash proceeds from the sale of Qualified Capital Interests of the Company within 90 days of such sale; provided that such net cash proceeds shall not have been included in the proceeds described in clause
(c)(2) above; 
 (viii) the declaration and payment of dividends or distributions to holders of any class or series of
Redeemable Capital Interests of the Company or any Guarantor incurred in accordance with Section 4.9; and 
 (ix) other
Restricted Payments not in excess of $7.5 million. 
 The actions described in clause (i) (without duplication for the declaration of the relevant
dividend), (ii), (iii)(a)(y), (iii)(b), and (iv) of this paragraph will be treated as Restricted Payments under clause (c) of the first paragraph under this Section 4.7, and the other actions described in this paragraph will not be so
treated as Restricted Payments. 
 If any Person in which an Investment is made, which Investment constitutes a Restricted Payment when made,
thereafter becomes a Restricted Subsidiary in accordance with this Indenture, all such Investments previously made in such Person shall no longer be counted as Restricted Payments for purposes of calculating the aggregate amount of Restricted
Payments pursuant to clause (c) of the first paragraph under this Section 4.7, in each case to the extent such Investments would otherwise be so counted. 
  

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 For purposes of this Section 4.7, if a particular Restricted Payment involves a non-cash payment,
including a distribution of assets, then such Restricted Payment shall be deemed to be an amount equal to the cash portion of such Restricted Payment, if any, plus an amount equal to the Fair Market Value of the non-cash portion of such Restricted
Payment. 
 SECTION 4.8 Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. 
 The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or
enter into any consensual encumbrance or restriction (other than pursuant to this Indenture, law or regulation) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Interests owned by
the Company or any Restricted Subsidiary or pay any Debt or other obligation owed to the Company or any Restricted Subsidiary, (ii) make loans or advances to the Company or any Restricted Subsidiary thereof or (iii) transfer any of its
property or assets to the Company or any Restricted Subsidiary, except: 
 (a) any encumbrance or restriction in existence on
the Issue Date, including those required by the Credit Agreement and any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings thereof, provided that the amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancings are no more restrictive, taken as a whole, with respect to such dividend or other payment restrictions than those contained in these agreements on the Issue
Date; 
 (b) any encumbrance or restriction pursuant to an agreement relating to an acquisition of property, so long as the
encumbrances or restrictions in any such agreement relate solely to the property so acquired (and are not or were not created in anticipation of or in connection with the acquisition thereof); 
 (c) any encumbrance or restriction which exists with respect to a Person that becomes a Restricted Subsidiary or merges with or into a
Restricted Subsidiary of the Company on or after the Issue Date, which is in existence at the time such Person becomes a Restricted Subsidiary, but not created in connection with or in anticipation of such Person becoming a Restricted Subsidiary,
and which is not applicable to any Person or the property or assets of any Person other than such Person or the property or assets of such Person becoming a Restricted Subsidiary; 
 (d) any encumbrance or restriction pursuant to an agreement effecting a permitted renewal, refunding, replacement, refinancing or
extension of Debt issued pursuant to an agreement containing any encumbrance or restriction referred to in the foregoing clauses (a) through (c), so long as the encumbrances and restrictions contained in any such agreement (including any
agreement in respect of First Priority Lien Obligations) are no less favorable in any material respect to the Holders than the encumbrances and restrictions contained in (i) the agreements governing the Debt being renewed, refunded, replaced,
refinanced or extended or (ii) in connection with the renewal, refunding, replacement, refinancing or extension of the Credit Agreement, or comparable bank loan financings at the time thereof, in each case, in the good faith judgment of the
Board of Directors of the Company; 
  

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 (e) customary provisions restricting subletting or assignment of any lease, contract, or
license of the Company or any Restricted Subsidiary or provisions in agreements that restrict the assignment of such agreement or any rights thereunder; 
 (f) any restriction on the sale or other disposition of assets or property securing Debt as a result of a Permitted Lien or other Lien not prohibited under Section 4.12 on such assets or property; 
 (g) any encumbrance or restriction by reason of applicable law, rule, regulation or order; 
 (h) any encumbrance or restriction under (i) this Indenture, the Notes and the Note Guarantees or (ii) any other future debt
securities or Debt Facility of the Company so long as any such encumbrances or restrictions are substantially similar to those contained in this Indenture, the Notes and the Note Guarantees; 
 (i) any encumbrance or restriction under an agreement for the sale of assets (including Capital Interests), including, without limitation,
any agreement for the sale or other disposition of Capital Interests or assets of a Subsidiary that restricts distributions by that Subsidiary pending its sale or other disposition; 
 (j) provisions with respect to the disposition or distribution of assets or property in joint venture agreements, assets sale agreements,
stock sale agreements and other similar agreements entered into in the ordinary course of business; 
 (k) customary
restrictions on the transfer of copyrighted or patented materials; and 
 (l) any encumbrance related to Capital Interests
held by the Company and its Restricted Subsidiaries in an Unrestricted Subsidiary or Person that is not a Subsidiary of the Company. 
 SECTION 4.9 Limitation on Incurrence of Debt. 
 The Company will not, and will not permit any of its Restricted Subsidiaries
to, Incur any Debt (including Acquired Debt), except that the Company or any Restricted Subsidiary may Incur Debt (including Acquired Debt), if, immediately after giving effect to the Incurrence of such Debt and the receipt and application of the
proceeds therefrom, (a) the Consolidated Fixed Charge Coverage Ratio of the Company and its Restricted Subsidiaries, determined on a pro forma basis as if any such Debt (including any other Debt being Incurred contemporaneously), and any
other Debt Incurred since the beginning of the Four Quarter Period, had been Incurred and the proceeds thereof had been applied at the beginning of the Four Quarter Period, and any other Debt repaid since the beginning of the Four Quarter Period had
been repaid at the beginning of the Four Quarter Period, would be greater than (i) 2.00 : 1.00 if such Debt is incurred prior to August 15, 2007 or (ii) 2.50 : 1.00 if such Debt is incurred on or after August 15, 2007 and
(b) no Default or Event of Default shall have occurred and be continuing at the time or as a consequence of the Incurrence of such Debt. 
  

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 If, during the Four Quarter Period or subsequent thereto and prior to the date of determination, the
Company or any of its Restricted Subsidiaries shall have engaged in any Asset Sale or Asset Acquisition, shall have Incurred, redeemed, repaid or repurchased any Debt (other than revolving credit borrowings that are not permanently repaid pursuant
to Section 4.10), or shall have designated any Restricted Subsidiary to be an Unrestricted Subsidiary or any Unrestricted Subsidiary to be a Restricted Subsidiary, Consolidated Cash Flow Available for Fixed Charges and Consolidated Interest
Expense for the Four Quarter Period shall be calculated on a pro forma basis giving effect to such Asset Sale or Asset Acquisition, Incurrence, redemption, repayment, repurchase or designation, as the case may be, and the application of any
proceeds therefrom as if such Asset Sale or Asset Acquisition, Incurrence, redemption, repayment, repurchase or designation had occurred on the first day of the Four Quarter Period. 
 If the Debt which is the subject of a determination under this provision is Acquired Debt, or Debt Incurred in connection with the simultaneous
acquisition of any Person, business, property or assets, or Debt of an Unrestricted Subsidiary being designated as a Restricted Subsidiary, then such ratio shall be determined by giving effect (on a pro forma basis, as if the transaction had
occurred at the beginning of the Four Quarter Period) to the Incurrence of such Acquired Debt or such other Debt by the Company or any of its Restricted Subsidiaries and the inclusion, in Consolidated Cash Flow Available for Fixed Charges, of the
Consolidated Cash Flow Available for Fixed Charges of the acquired Person, business, property or assets or redesignated Subsidiary. 
 Notwithstanding the first paragraph of this Section 4.9, the Company and its Restricted Subsidiaries may Incur Permitted Debt. 
 For purposes of determining any particular amount of Debt under this Section 4.9, (x) Debt Incurred under the Credit Agreement on the Issue Date shall be treated as Incurred pursuant to clause (i) of the definition of
“Permitted Debt,” and (y) Guarantees or obligations with respect to letters of credit supporting Debt otherwise included in the determination of such particular amount shall not be included. For purposes of determining compliance with
this Section 4.9, in the event that an item of Debt meets the criteria of more than one category of Permitted Debt or is entitled to be incurred pursuant to the first paragraph of this Section 4.9, the Company may, in its sole discretion,
classify and may later reclassify such item of Debt into one or more of the categories of Permitted Debt and/or the first paragraph of this Section 4.9. 
 The Company and any Guarantor will not Incur any Debt that pursuant to its terms is subordinate or junior in right of payment to any other Debt unless such Debt is subordinated in right of payment to the Notes and the
Note Guarantees to the same extent; provided that Debt will not be considered subordinate or junior in right of payment to any other Debt solely by virtue of being unsecured or secured to a greater or lesser extent or with greater or lower
priority. 
 SECTION 4.10 Asset Sales. 
 The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless: 
 (1) the Company (or the Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale at least equal to the Fair Market Value of the assets or Capital Interests issued or sold or
otherwise disposed of; and 
  

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 (2) at least 75% of the consideration received in the Asset Sale by the Company or such
Restricted Subsidiary is in the form of cash. For purposes of this provision, each of the following will be deemed to be cash: 
 (a) any liabilities, as shown on the most recent consolidated balance sheet of the Company or any Restricted Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Note
Guarantee) that are assumed by the transferee of any such assets pursuant to a customary release that releases the Company or such Restricted Subsidiary from further liability; and 
 (b) any securities, notes, Eligible Cash Equivalents or other obligations received by the Company or any such Restricted Subsidiary from
such transferee that are, within 120 days after receipt thereof, converted by the Company or such Restricted Subsidiary into cash, to the extent of the cash received in that conversion. 
 Within 360 days after the receipt of any Net Cash Proceeds from an Asset Sale (other than a sale of Collateral), the Company (or the applicable
Restricted Subsidiary, as the case may be) may apply such Net Cash Proceeds: 
 (1) to permanently repay, repurchase or redeem
First Priority Lien Obligations and, in the case of revolving credit First Priority Lien Obligations to correspondingly reduce the commitments with respect thereto; 
 (2) to redeem or repurchase Notes (including Additional Notes, if any) or to permanently redeem, repay or repurchase Debt of the Company
or any Guarantor that is pari passu with the Notes so long as the Company redeems or repurchases Notes on a pro rata basis; 
 (3) to permanently redeem, repay or repurchase Debt of any Restricted Subsidiary of the Company other than a Guarantor; or 
 (4) to invest in Additional Assets. 
 Within 360 days after the receipt of any Net Cash Proceeds from an Asset Sale that
constitutes a sale of Collateral, the Company (or the Restricted Subsidiary that owned the assets, as the case may be) may apply those Net Cash Proceeds to: 
 (1) invest in Additional Assets that become Collateral subject to the Liens of this Indenture and the Security Documents (subject to no
other Liens other than the Permitted Collateral Liens), 
 (2) permanently repay, redeem or repurchase First Priority Lien
Obligations, and in the case of revolving credit First Priority Lien Obligations to correspondingly reduce the commitments with respect thereto, or 
 (3) redeem or repurchase Notes (including Additional Notes, if any). 
  

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 Any Net Cash Proceeds from Asset Sales that are not applied or invested as provided in the preceding two
paragraphs of this Section 4.10 will constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $20.0 million, within sixty days thereof, the Company will make an Offer to Purchase to all Holders.
Pursuant to an Offer to Purchase following an Asset Sale, the Company shall purchase pursuant to such Offer to Purchase from all tendering Holders on a pro rata basis and, in the case of Net Cash Proceeds from Asset Sales not of Collateral, at the
option of the Company, on a pro rata basis with the holders of any other unsubordinated Debt of the Company or any Guarantor that is by its terms not subordinated in right of payment to any Debt or other obligation of the Company or such Guarantor,
as the case may be, with similar provisions requiring the Company to offer to purchase such other Debt with the proceeds of Asset Sales (the “Other Senior Debt”), that principal amount of Notes and, as the case may be, Other Senior
Debt, to be purchased equal to such Excess Proceeds. The offer price in any Offer to Purchase will be equal to 100% of the principal amount plus accrued and unpaid interest to the date of purchase, and will be payable in cash. If any Excess Proceeds
remain after consummation of an Offer to Purchase, the Company may use those Excess Proceeds for any purpose not otherwise prohibited by this Indenture. Upon completion of each Offer to Purchase, the amount of Excess Proceeds will be reset at zero.
Pending application of Net Cash Proceeds in accordance with this Section 4.10, the Company may repay revolving credit borrowings without reducing commitments under the relevant Debt Facility. 
 The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent
those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Offer to Purchase following an Asset Sale. To the extent that the provisions of any securities laws or regulations conflict with the Asset Sale
provisions of this Indenture, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Asset Sale provisions of this Indenture by virtue of such compliance.

 SECTION 4.11 Limitation on Transactions with Affiliates. 
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, conduct any business or enter into any
transaction or series of related transactions (including, but not limited to, the purchase, sale or exchange of property, the making of any Investment, the giving of any Guarantee or the rendering of any service) with any Unrestricted Subsidiary or
any Affiliate of the Company or any Restricted Subsidiary other than transactions solely among any of the Company and its Restricted Subsidiaries (an “Affiliate Transaction”), unless; 
 (i) such business, transaction or series of related transactions is on terms no less favorable to the Company or such Restricted
Subsidiary than those that could be obtained in a comparable arm’s length transaction with a Person that is not an Affiliate of the Company; and 
 (ii) with respect to an Affiliate Transaction involving an amount or having a value in excess of $500,000 the Company delivers to the Trustee an Officers’ Certificate stating that such business, transaction or
series of related transactions complies with clause (i) above. 
 In the case of an Affiliate Transaction involving an amount or having
a value in excess of $1.0 million but less than or equal to $3.0 million, the Company must obtain either (x) a resolution of the Board of Directors of the Company or the Restricted Subsidiary, as the case may be (including a majority 

  

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of Disinterested Directors, but in no event fewer than two Disinterested Directors), certifying that such Affiliate Transaction complies with clause
(i) above or (y) a written opinion of a nationally recognized investment banking, accounting or appraisal firm stating that the transaction is fair to the Company or such Restricted Subsidiary from a financial point of view. In the case of
an Affiliate Transaction involving an amount or having a value in excess of $7.5 million, the Company must obtain a written opinion of a nationally recognized investment banking, accounting or appraisal firm stating that the transaction is fair to
the Company or such Restricted Subsidiary from a financial point of view. 
 (b) The foregoing limitation does not limit, and shall not apply
to: 
 (i) Restricted Payments that are Permitted Investments permitted under this Indenture or issuances of Qualified Capital
Interests, 
 (ii) the payment of reasonable and customary fees and indemnities to members of the Board of Directors of the
Company or a Restricted Subsidiary, 
 (iii) the payment of reasonable and customary compensation and indemnities to officers
and employees of the Company or any Restricted Subsidiary as determined by the Board of Directors thereof in good faith, 
 (iv) any agreement or arrangement as in effect on the Issue Date and any amendment or modification thereto so long as such amendment or modification is not more disadvantageous to the Company in any material respect; 
 (v) loans and advances to officers, directors, and employees of the Company or any Restricted Subsidiary not to exceed in the aggregate
$3,000,000 at any one time outstanding; and 
 (vi) customary commercial banking, investment banking, underwriting, placement
agent or financial advisory fees paid in connection with services rendered to the Company or the Restricted Subsidiary in the ordinary course of business and that comply with clause (i) under paragraph (a). 
 SECTION 4.12 Limitation on Liens. 
 The Company will not, and will not permit any Guarantor, directly or indirectly, to enter into, create, incur, assume or suffer to exist any Liens of any kind on or with respect to the Collateral except Permitted Collateral Liens.

 Subject to the immediately preceding paragraph, the Company will not, and will not permit any of its Domestic Restricted Subsidiaries,
directly or indirectly, to enter into, create, incur, assume or suffer to exist any Liens of any kind securing Debt, other than Permitted Liens, on or with respect to any of its property or assets now owned or hereafter acquired or any interest
therein or any income or profits therefrom other than the Collateral without (a) in the case of the Company or any Domestic Restricted Subsidiary other than a Guarantor, securing the Notes and all other amounts due under this Indenture and
(b) in the case of a Guarantor, to secure such Guarantor’s Note Guarantee and all amounts due under this Indenture, in each case (for so long as such Lien exists) equally and ratably with (or prior to) the obligation or liability secured
by such Lien. 
  

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 SECTION 4.13 Offer to Purchase upon Change of Control. 
 Within 30 days following any Change of Control, the Company shall give notice to each Holder of Notes describing the transaction or transactions that
constitute the Change of Control and make an Offer to Purchase (the “Change of Control Offer”) all of the outstanding Notes at a Purchase Price in cash equal to 101% of the principal amount tendered, together with accrued interest,
if any, to but not including the Purchase Date (the “Change of Control Payment”) on the Purchase Date specified in such notice, pursuant to the procedures required by Section 3.9 and described in such notice. 
 On the Purchase Date, the Company shall, to the extent lawful, (a) accept for payment all Notes or portions thereof properly tendered pursuant to
the Change of Control Offer, (b) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions thereof so tendered and (c) deliver or cause to be delivered to the Trustee the Notes so
accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the Company. The Paying Agent will promptly mail (or wire transfer) to each Holder of Notes so tendered the
Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any;
provided that each such new Note will be in a principal amount of $5,000 or an integral multiple of $1,000. The Company will announce the results of the Change of Control Offer to all Holders on or as soon as practicable after the Change of
Control Purchase Date. 
 The Change of Control provisions described above will be applicable whether or not any other provisions of this
Indenture are applicable. Except as described above with respect to a Change of Control, this Indenture does not contain provisions that permit the Holders to require that the Company repurchase or redeem the Notes in the event of a takeover,
recapitalization or similar transaction. 
 The Company shall not be required to make a Change of Control Offer upon a Change of Control if a
third party makes such Change of Control Offer contemporaneously with or upon a Change of Control in the manner, at the times and otherwise in compliance with the requirements set forth herein applicable to a Change of Control Offer made by the
Company and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer. 
 The Company shall comply with the
requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Offer to Purchase following
a Change of Control. To the extent that the provisions of any securities laws or regulations conflict with Section 3.9 and this Section 4.13, the Company shall comply with the applicable securities laws and regulations and will not be
deemed to have breached its obligations under Section 3.9 and this Section 4.13 by virtue of such compliance. 
 SECTION 4.14
Corporate Existence. 
 Subject to Section 4.13 and Article V hereof, as the case may be, the Company shall do or cause to be
done all things necessary to preserve and keep in full force and effect its corporate existence and the corporate, partnership, limited liability company or other existence of each of its Restricted Subsidiaries in accordance with the respective
organizational documents (as the same may be amended from time to 

  

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time) of the Company or any such Restricted Subsidiary and the rights (charter and statutory), licenses and franchises of the Company and its Restricted
Subsidiaries; provided that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Restricted Subsidiaries, if the Company shall determine, in its
reasonable discretion, that the loss of such Restricted Subsidiary or Restricted Subsidiaries would not, individually or in the aggregate, have a material adverse effect on the business of the Company and its Subsidiaries, taken as a whole.

 SECTION 4.15 Business Activities. 
 The Company will not, and will not permit any Restricted Subsidiary to, engage in any business other than a Permitted Business. 
 SECTION 4.16 Additional Note Guarantees. 
 If the Company or any of its Domestic Restricted
Subsidiaries acquires or creates another Domestic Restricted Subsidiary after the date of this Indenture, then that newly acquired or created Domestic Restricted Subsidiary (i) will become a Guarantor and execute a supplemental indenture,
(ii) shall execute supplemental Security Documents on terms substantially similar to the other Domestic Restricted Subsidiaries and (iii) shall deliver an Opinion of Counsel satisfactory to the Trustee within 10 business days of the date
on which it was acquired or created. 
 SECTION 4.17 Designation of Restricted and Unrestricted Subsidiaries. 
 The Company may designate any Subsidiary of the Company to be an “Unrestricted Subsidiary” as provided below, in which event such Subsidiary
and each other Person that is then or thereafter becomes a Subsidiary of such Subsidiary will be deemed to be an Unrestricted Subsidiary. 
 The Company may designate any Subsidiary (other than any Subsidiary holding any of the Collateral) to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Interests of, or owns or holds any Lien on any property of, any
other Restricted Subsidiary of the Company, provided that either: 
 (x) the Subsidiary to be so designated has total
assets of $1,000 or less; or 
 (y) immediately after giving effect to such designation, the Company could (x) incur at
least $1.00 of additional Debt (other than Permitted Debt) pursuant to the first paragraph under Section 4.9 and (y) make a Restricted Payment or Permitted Investment in an amount equal to the greater of the Fair Market Value or book value
of such Subsidiary (or the portion thereof owned by the Company and its Restricted Subsidiaries if less than wholly owned) pursuant to Section 4.7 and such amount is thereafter treated as a Restricted Payment for the purpose of calculating the
amount available for Restricted Payments thereunder. 
 An Unrestricted Subsidiary may be designated as a Restricted Subsidiary if
(i) all the Debt of such Unrestricted Subsidiary could be Incurred pursuant to Section 4.9 and (ii) all the Liens on the property and assets of such Unrestricted Subsidiary could be incurred pursuant to Section 4.12. 

 

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 SECTION 4.18 Further Instruments and Acts. 
 Upon request by the Trustee, the Company shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or
proper to carry out more effectively the purposes of this Indenture. 
 ARTICLE V 
 SUCCESSORS 
 SECTION 5.1 Merger, Consolidation or Sale of Assets. 
 The Company will not in any transaction or series of transactions, consolidate with or merge into any other Person (other than a merger into a Restricted
Subsidiary in which the Company is the continuing Person), or transfer all or substantially all of the assets of the Company and its Restricted Subsidiaries (determined on a consolidated basis), taken as a whole, to any other Person, unless:

 (i) either: (a) the Company shall be the continuing Person or (b) the Person (if other than the Company) formed
by such consolidation or into which the Company is merged, or the Person that acquires, by sale, assignment, conveyance, transfer, lease or disposition, all or substantially all of the property and assets of the Company and the Restricted
Subsidiaries taken as an entirety (such Person, the “Surviving Entity”), (1) shall be a corporation organized and validly existing under the laws of the United States, any political subdivision thereof or any state thereof or
the District of Columbia, (2) shall expressly assume, by a supplemental indenture, the due and punctual payment of all amounts due in respect of the principal of and interest and premium, if any, on all the Notes and the performance of the
covenants and obligations of the Company under this Indenture and (3) shall expressly assume, by documentation specified by, and executed and delivered to, the Trustee, the due and punctual performance of the covenants and obligations of the
Company under the Security Documents; provided that at any time the Company or its successor is not a corporation, there shall be a co-issuer of the Notes that is a corporation; 
 (ii) immediately before and immediately after giving effect to such transaction or series of transactions on a pro forma basis
(including, without limitation, any Debt Incurred or anticipated to be Incurred in connection with or in respect of such transaction or series of transactions), no Default or Event of Default shall have occurred and be continuing or would result
therefrom; 
 (iii) immediately after giving effect to any such transaction or series of transactions on a pro forma
basis (including, without limitation, any Debt Incurred or anticipated to be Incurred in connection with or in respect of such transaction or series of transactions) the Company (or the Surviving Entity if the Company is not continuing) could Incur
$1.00 of additional Debt (other than Permitted Debt) under the first paragraph of Section 4.9; and 
 (iv) the Company
delivers, or causes to be delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, conveyance, assignment,
transfer, lease or other disposition complies with the requirements of this Indenture. 
  

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 The provisions above shall not apply to: 
 (1) any transfer of the properties or assets of a Restricted Subsidiary to the Company or to a another Restricted Subsidiary; 

(2) any merger of the Company into a directly or indirectly wholly owned Restricted Subsidiary created for the purpose of holding the
Capital Interests of the Company; or 
 (3) a merger between the Company and a newly-created Affiliate incorporated solely for
the purpose of reincorporating the Company in another State of the United States, 
 so long as, in each case, the amount of Debt of the Company and its
Restricted Subsidiaries taken as a whole is not increased thereby. 
 For all purposes of this Indenture and the Notes, Subsidiaries of any
Surviving Entity will, upon such transaction or series of transactions, become Restricted Subsidiaries or Unrestricted Subsidiaries as provided pursuant to this Indenture, and all Debt, and all Liens on property or assets, of the Surviving Entity
and its Subsidiaries that was not Debt, or were not Liens on property or assets, of the Company and its Subsidiaries immediately prior to such transaction or series of transactions shall be deemed to have been Incurred upon such transaction or
series of transactions. 
 Upon any transaction or series of transactions that are of the type described in, and are effected in accordance
with, conditions described in the immediately preceding paragraphs, the Surviving Entity shall succeed to, and be substituted for, and may exercise every right and power of, the Company, under this Indenture with the same effect as if such Surviving
Entity had been named as the Company therein; and when a Surviving Person duly assumes all of the obligations and covenants of the Company pursuant to this Indenture and the Notes, except in the case of a lease, the predecessor Person shall be
relieved of all such obligations. 
 The following additional conditions shall be met prior to the consummation of a transaction permitted by
this Section 5.1: 
 (1) the Company, each Guarantor or the relevant surviving entity, as applicable, will cause to be
filed such amendments or other instruments, if any, and recorded in such jurisdictions as may be required by applicable law to preserve and protect the Lien of the Security Documents on the Collateral owned by or transferred to such person, together
with such financing statements as may be required to perfect any security interests in such Collateral which may be perfected by the filing of a financing statement under the Uniform Commercial Code of the relevant states; 
 (2) the Collateral owned by or transferred to the Company, such Guarantor or the relevant surviving entity, as applicable, will:
(a) continue to constitute Collateral under this Indenture and the Security Documents; and (b) not be subject to any Lien other than Liens permitted by this Indenture and the Security Documents; 
 (3) the assets of the Person which is merged or consolidated with or into the relevant surviving entity, to the extent that they are
assets of the types which would constitute Collateral and would be required to be pledged under the Security Documents, will be treated as After- 

  

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Acquired Property and such surviving entity should take such action as may be reasonably necessary to cause such assets to be made subject to the Lien of the
Security Documents as required in this Indenture; and 
 (4) the Company must deliver to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that such transaction and, if a supplemental indenture or supplemental Security Documents are required in connection with such transaction, such supplemental indenture and Security Documents comply
with the applicable provisions of this Indenture, that all conditions precedent in this Indenture relating to such transaction have been satisfied and that such supplemental indenture and Security Documents are enforceable, subject to customary
qualifications. 
 SECTION 5.2 Successor Corporation Substituted. 
 Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets of
the Company in accordance with Section 5.1 hereof, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made
shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the
successor corporation and not to the Company), and shall exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein. 
 ARTICLE VI 
 DEFAULTS AND REMEDIES 

SECTION 6.1 Events of Default. 
 Each of the following is an “Event of Default”: 
 (1) default in the payment in respect of the
principal of and premium, if any, on any Note at its maturity (whether at Stated Maturity, excluding any Sinking Fund payment, or upon repurchase pursuant to an Offer to Purchase, acceleration, optional redemption or otherwise); 
 (2) default in the payment of any interest on any Note when it becomes due and payable, or the failure to make any Sinking Fund payment
when it becomes due and payable, and continuance of such default for a period of 30 days; 
 (3) default in the making of an
Offer to Purchase as required hereby (other than a failure to purchase the Notes when required, which will constitute an Event of Default under clause (1) above) and the continuance of such default for a period of 30 days after written notice
thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes; 
 (4) failure to perform or comply with Section 5.1; 
  

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 (5) except as permitted herein, any Note Guarantee is held to be invalid or unenforceable
in a judicial proceeding, or any Guarantor or the Company shall assert such invalidity or unenforceability; 
 (6) default in
the performance, or breach, of any covenant or agreement of the Company or any Guarantor in this Indenture (other than a covenant or agreement a default in whose performance or whose breach is specifically dealt with in clause (1), (2) (3),
(4) or (5) above), and continuance of such default or breach for a period of 30 days after written notice thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate
principal amount of the outstanding Notes; 
 (7) a default or defaults under any bonds, debentures, notes or other evidences
of Debt (other than the Notes) by the Company or any Restricted Subsidiary that is a Significant Subsidiary having, individually or in the aggregate, a principal or similar amount outstanding of at least $10.0 million, whether such Debt now exists
or shall hereafter be created, which default or defaults shall have resulted in the acceleration of the maturity of such Debt prior to its Stated Maturity or shall constitute a failure to pay at least $10.0 million of such Debt when due and payable
after the expiration of any applicable grace period with respect thereto; 
 (8) the entry against the Company or any
Restricted Subsidiary that is a Significant Subsidiary of a final judgment or final judgments for the payment of money in an aggregate amount (net of amounts covered by insurance) in excess of $10.0 million, by a court or courts of competent
jurisdiction, which judgments remain undischarged, unwaived, unstayed, unbonded or unsatisfied for a period of 60 consecutive days; 
 (9) the Company, any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law:

 (a) commences a voluntary case, 
 (b) consents to the entry of an order for relief against it in an involuntary case, 
 (c) consents to the appointment of a Custodian of it or for all or substantially all of its property, 
 (d) makes a general assignment for the benefit of its creditors, or 
 (e) generally is not paying its debts as they become due; 
 (10) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (a) is for relief against the Company or any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary, in an involuntary case; 
  

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 (b) appoints a Custodian of the Company or any Restricted Subsidiary that is a
Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any of its Restricted Subsidiaries; or 
 (c) orders the liquidation of the Company or any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary and the order or decree remains unstayed and in effect for 60 consecutive days; or 
 (11) unless all of the Collateral has been released from the Second Priority Liens in accordance with the provisions of the Security
Documents, default by the Company or any Significant Subsidiary in the performance of the Security Documents which adversely affects the enforceability, validity, perfection or priority of the Second Priority Liens on a material portion of the
Collateral granted to the Trustee for its benefit and the benefit of the Holders, the repudiation or disaffirmation by the Company or any Significant Subsidiary of its material obligations under the Security Documents or the determination in a
judicial proceeding that the Security Documents are unenforceable or invalid against the Company or any Significant Subsidiary party thereto for any reason with respect to a material portion of the Collateral, in each case which default,
repudiation, disaffirmation or determination is not rescinded, stayed, or waived by the Persons having such authority pursuant to the Security Documents or otherwise cured within 60 days after the Company receives written notice thereof specifying
such occurrence from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes and demanding that such default be remedied. 
 The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 SECTION 6.2 Acceleration. 
 If an Event of Default (other than an Event of Default specified in
clause (9) or (10) of Section 6.1 with respect to the Company) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare
the principal of the Notes and any accrued interest on the Notes to be due and payable immediately by a notice in writing to the Company (and to the Trustee if given by Holders) specifying the event giving rise to the Event of Default and that it is
a “notice of acceleration”; provided, however, that after such acceleration, but before a judgment or decree based on acceleration, the Holders of a majority in aggregate principal amount of the outstanding Notes may, under
certain circumstances, rescind and annul such acceleration if all Events of Default, other than the nonpayment of accelerated principal of or interest on the Notes, have been cured or waived as provided in this Indenture. If an Event of Default
specified in clause (9) or (10) of Section 6.1 occurs with respect to the Company, the principal of and any accrued interest on the Notes then outstanding shall ipso facto become immediately due and payable without any declaration or
other act on the part of the Trustee or any Holder. The Trustee may withhold from Holders notice of any Default (except Default in payment of principal of and interest and premium, if any) if the Trustee determines that withholding notice is in the
best interest of the Holders to do so. 
  

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 No Holder will have any right to institute any proceeding with respect to this Indenture or for any
remedy thereunder, unless such Holder shall have previously given to the Trustee written notice of a continuing Event of Default and unless also the Holders of at least 25% in aggregate principal amount of the outstanding Notes shall have made
written request, and offered indemnity reasonably satisfactory to the Trustee to institute such proceeding as Trustee, and the Trustee shall not have received from the Holders of a majority in aggregate principal amount of the outstanding Notes a
direction inconsistent with such request and shall have failed to institute such proceeding within 60 days. Such limitations do not apply, however, to a suit instituted by a Holder of a Note for enforcement of payment of the principal of and
interest and premium, if any, on such Note on or after the respective due dates expressed in such Note. 
 SECTION 6.3 Other Remedies.

 If an Event of Default occurs and is continuing, the Trustee may, subject to the limitations in the Intercreditor Agreement, pursue any
available remedy to collect the payment of principal, premium, if any, interest on the Notes or to enforce the performance of any provision of the Notes, this Indenture or the Security Documents. 
 The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission
by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent
permitted by law. 
 SECTION 6.4 Waiver of Past Defaults. 
 The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the
Notes waive any existing Default or Event of Default and its consequences under this Indenture except a continuing Default or Event of Default in the payment of interest on, or the principal of, the Notes (other than as a result of an acceleration),
which shall require the consent of all of the Holders of the Notes then outstanding. 
 SECTION 6.5 Control by Majority. 

The Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any
proceeding for exercising any remedy available to the Trustee or exercising any trust power conferred on it. However, (i) the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may
be unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal liability, and (ii) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In case an
Event of Default shall occur (which shall not be cured), the Trustee will be required, in the exercise of its power, to use the degree of care of a prudent man in the conduct of his own affairs. Notwithstanding any provision to the contrary in this
Indenture, the Trustee is under no obligation to exercise any of its rights or powers under this Indenture at the request of any Holder, unless such Holder shall offer to the Trustee security and indemnity satisfactory to it against any loss,
liability or expense. 
  

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 SECTION 6.6 Limitation on Suits. 
 A Holder may pursue a remedy with respect to this Indenture or the Notes only if: 
 (a) the Holder gives to the Trustee written notice of a continuing Event of Default or the Trustee receives such notice from the Company;

 (b) the Holders of at least 25% in aggregate principal amount of the then outstanding Notes make a written request to the
Trustee to pursue the remedy; 
 (c) such Holder or Holders offer and, if requested, provide to the Trustee indemnity or
security reasonably satisfactory to the Trustee against any loss, liability or expense; 
 (d) the Trustee does not comply
with the request within 60 days after receipt of the request and the offer and, if requested, the provision of such indemnity or security; and 
 (e) during such 60-day period the Holders of a majority in aggregate principal amount of the then outstanding Notes do not give the Trustee a direction inconsistent with the request. 
 A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 
 SECTION 6.7 Rights of Holders of Notes To Receive Payment. 
 Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal, premium, if any, and interest on or after the respective due dates expressed in the Note (including in
connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 
 SECTION 6.8 Collection Suit by Trustee. 
 If an Event of Default specified in Section 6.1(1) or (2) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount
of principal of, premium and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 SECTION 6.9 Trustee May File
Proofs of Claim. 
 The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Company
(or any other obligor upon the Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other securities or property payable or deliverable upon the conversion or exchange of the

  

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Notes or on any such claims and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and
in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 7.7 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee
under Section 7.7 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other
properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in
any such proceeding. 
 SECTION 6.10 Priorities. 
 If the Trustee collects any money pursuant to this Article VI, it shall pay out the money in the following order, subject to the terms of the Intercreditor Agreement: 
 First: to the Trustee, its agents and attorneys for amounts due under Section 7.7 hereof, including payment of all reasonable
compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
 Second: to Holders of Notes for amounts due and unpaid on the Notes for principal, premium, if any, and interest ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal,
premium, if any, and interest respectively; 
 Third: without duplication, to the Holders for any other Obligations owing to
the Holders under this Indenture and the Notes; and 
 Fourth: to the Company or to such party as a court of competent
jurisdiction shall direct. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this
Section 6.10. 
 SECTION 6.11 Undertaking for Costs. 
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to
Section 6.7 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes. 
  

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 ARTICLE VII 
 TRUSTEE 
 SECTION 7.1 Duties of Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture and
use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 
 (b) Except during the continuance of an Event of Default: 
 (i) the duties of the Trustee
shall be determined solely by the express provisions of this Indenture or the TIA and the Trustee need perform only those duties that are specifically set forth in this Indenture or the TIA and no others, and no implied covenants or obligations
shall be read into this Indenture against the Trustee; and 
 (ii) in the absence of bad faith on its part, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture (but need not confirm or
investigate the accuracy of mathematical calculations or other facts stated therein). 
 However, with respect to certificates and opinions specifically
required by any provision hereof to be furnished to it, the Trustee shall examine the certificates and opinions furnished to it to determine whether or not they conform to the requirements of this Indenture. 
 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct,
except that: 
 (i) this paragraph does not limit the effect of paragraph (b) of this Section 7.1; 
 (ii) the Trustee shall not be liable for any error of judgment made in good faith by an officer of the Trustee, unless it is proved that
the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee shall not be liable with respect to
any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5 hereof. 
 (d)
Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.1. 
 (e) No provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability. The Trustee shall be under no
obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder shall have offered to the Trustee security and indemnity satisfactory to it against any loss, liability or expense.

  

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 (f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may
agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 SECTION 7.2 Rights of Trustee. 
 (a) The Trustee may conclusively rely and shall be fully protected in acting or refraining
from acting on any document (whether in original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee shall not
be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. Prior to taking, suffering or admitting any action, the Trustee may consult with counsel of the Trustee’s own
choosing and the Trustee shall be fully protected from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in conclusive reliance on the advice or opinion of such counsel. 
 (c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any attorney or agent appointed
with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be
authorized or within the rights or powers conferred upon it by this Indenture. Any request or direction of the Company mentioned herein shall be sufficiently evidenced by an Officers’ Certificate and any resolution of the Board of Directors may
be sufficiently evidenced by a Board Resolution. Whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee
(unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, conclusively rely upon an Officers’ Certificate. 
 (e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company or a Guarantor shall be sufficient if signed by an officer of the Company or such Guarantor.

 (f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders unless such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities that might be incurred by it in compliance with such
request or direction. 
 (g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or documents, but the Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine during normal business hours the books, records and premises of the
Company, personally or by agent or attorney at the sole cost of the Company, and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 
  

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 (h) The rights, privileges, protections and benefits given to the Trustee, including, without limitation,
its rights to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Persons employed to act hereunder. 
 (i) The Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such
certificate previously delivered and not superseded. 
 (j) In no event shall the Trustee be liable under or in connection with this
Indenture for indirect, special, incidental, punitive or consequential losses or damages of any kind whatsoever, including but not limited to lost profits, whether or not foreseeable, even if the Trustee has been advised of the possibility thereof
and regardless of the form of action in which such damages are sought. 
 SECTION 7.3 Individual Rights of Trustee. 
 The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of
the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the Commission for permission to continue as
Trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 
 SECTION 7.4 Trustee’s Disclaimer. 
 The Trustee shall not be responsible for and makes no representation as to the
validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company’s or upon the Company’s direction under any provision of this
Indenture, it shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Notes, any statement or
recital on any Officers’ Certificate delivered to the Trustee under Article IV or Section 8.4 or 10.4 hereof, or any other document in connection with the sale of the Notes or pursuant to this Indenture other than its certificate of
authentication. 
 SECTION 7.5 Notice of Defaults. 
 If a Default or Event of Default occurs and is continuing and if it is actually known to an officer of the Trustee directly responsible for the administration of this Indenture, the Trustee shall mail to Holders a
notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as
the Trustee in good faith determines that withholding the notice is in the interests of the Holders. 
  

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 SECTION 7.6 Reports by Trustee to Holders of the Notes. 
 Within 60 days after each May 15 beginning with May 15, 2006, and for so long as Notes remain outstanding, the Trustee shall mail to the
Holders a brief report dated as of such reporting date that complies with TIA § 313(a) (but if no event described in TIA § 313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted).
The Trustee also shall comply with TIA § 313(b). The Trustee shall also transmit by mail all reports as required by TIA § 313(c). 
 A copy of each report at the time of its mailing to the Holders shall be mailed to the Company and filed with the Commission and each stock exchange on which the Company has informed the Trustee in writing the Notes
are listed in accordance with TIA § 313(d). The Company shall promptly notify the Trustee when the Notes are listed on any stock exchange and of any delisting thereof. 
 SECTION 7.7 Compensation and Indemnity. 
 The Company shall pay to the Trustee from time to time reasonable compensation for its acceptance of this Indenture and services hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an
express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses shall include the reasonable
compensation, disbursements and expenses of the Trustee’s agents and counsel. 
 The Company and the Guarantors, jointly and severally,
shall indemnify the Trustee (which for purposes of this Section 7.7 shall include its officers, directors, employees and agents) against any and all claims, damages, losses, liabilities or expenses incurred by it arising out of or in connection
with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 7.7) and defending itself against any claim (whether asserted by
the Company or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder except to the extent any such loss, claim, damage, liability or expense is determined to have been
caused by its own negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The
Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of one such counsel. The Company need not pay for any settlement made
without its consent, which consent shall not be unreasonably withheld. 
 The obligations of Company under this Section 7.7 shall
survive the satisfaction and discharge of this Indenture or the resignation or removal of the Trustee. 
 To secure the Company’s
payment obligations in this Section 7.7, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal or interest, if any, on particular Notes. Such Lien
shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. 
 When the Trustee incurs
expenses or renders services after an Event of Default specified in Section 6.1 (9), (10) or (11) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are
intended to constitute expenses of administration under any Bankruptcy Law. 
  

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 The Trustee shall comply with the provisions of TIA § 313(b)(2) to the extent applicable.

 SECTION 7.8 Replacement of Trustee. 
 A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.8. 

The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority
in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if: 
 (a) the Trustee fails to comply with Section 7.10 hereof; 
 (b) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy
Law; 
 (c) a Custodian or public officer takes charge of the Trustee or its property; or 
 (d) the Trustee becomes incapable of acting. 
 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office,
the Holders of a majority in principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Company. 
 If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% in principal amount of the then outstanding
Notes may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee. 
 If the
Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the
appointment of a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and
to the Company. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and the duties of the Trustee under this Indenture. The successor Trustee shall mail a
notice of its succession to the Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, provided that all sums owing to the Trustee hereunder have been paid and subject to the Lien
provided for in Section 7.7 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof shall continue for the benefit of the retiring Trustee. 

 

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 SECTION 7.9 Successor Trustee by Merger, Etc. 
 If the Trustee or any Agent consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act shall be the successor Trustee or Agent, as applicable. 
 SECTION 7.10
Eligibility; Disqualification. 
 There shall at all times be a Trustee hereunder that is a corporation organized and doing business
under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power and that is subject to supervision or examination by federal or state authorities. The Trustee together
with its affiliates shall at all times have a combined capital surplus of at least $50.0 million as set forth in its most recent annual report of condition. 
 This Indenture shall always have a Trustee who satisfies the requirements of TIA §§ 310(a)(l), (2) and (5). The Trustee is subject to TIA § 310(b) including the provision in
§ 310(b)(1); provided that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities, or conflicts of interest or participation in other securities, of the
Company or the Guarantors are outstanding if the requirements for exclusion set forth in TIA § 310(b)(1) are met. 
 SECTION 7.11
Preferential Collection of Claims Against the Company. 
 The Trustee is subject to TIA § 311(a), excluding any creditor
relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 SECTION 7.12 Trustee’s Application for Instructions from the Company. 
 Any application by the
Trustee for written instructions from the Company may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or
such omission shall be effective. The Trustee shall not be liable for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall
not be less than twenty Business Days after the date any officer of the Company actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective
date in the case of an omission), the Trustee shall have received written instructions in response to such application specifying the action to be taken or omitted. 
 ARTICLE VIII 
 DEFEASANCE; DISCHARGE OF INDENTURE 
 SECTION 8.1 Option To Effect Legal Defeasance or Covenant Defeasance. 
 The Company may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officers’ Certificate, at any time, elect
to have either Section 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII. 
  

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 SECTION 8.2 Legal Defeasance. 
 Upon the Company’s exercise under Section 8.1 hereof of the option applicable to this Section 8.2, The Company shall, subject to the
satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been discharged from its obligations with respect to all outstanding Notes on the date the conditions set forth below are satisfied (hereinafter, “Legal
Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, which shall thereafter be deemed to be “outstanding”
only for the purposes of Section 8.5 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all of its other obligations under such Notes, this Indenture and the Security Documents (and
the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of
Holders of outstanding Notes to receive payments in respect of the principal of, premium, if any, and interest, if any, on such Notes when such payments are due from the trust referred to in Section 8.4(1); (b) the Company’s
obligations with respect to such Notes under Sections 2.2, 2.3, 2.4, 2.5, 2.6, 2.7, 2.10 and 4.2 hereof; (c) the rights, powers, trusts, benefits and immunities of the Trustee, including without limitation thereunder, under Section 7.7,
8.5 and 8.7 hereof and the Company’s obligations in connection therewith; (d) the Company’s rights pursuant to Sections 3.7 and 3.9; and (e) the provisions of this Article VIII. Subject to compliance with this Article VIII,
the Company may exercise its option under this Section 8.2 notwithstanding the prior exercise of their option under Section 8.3 hereof. 
 SECTION 8.3 Covenant Defeasance. 
 Upon the Company’s exercise under Section 8.1 hereof of the option applicable
to this Section 8.3, the Company shall, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be released from its obligations under the covenants contained in Sections 4.3, 4.7, 4.8, 4.9, 4.10, 4.11, 4.12, 4.13,
4.14, 4.15, 4.16, 4.17 and 5.1 and Article X hereof with respect to the outstanding Notes on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter
be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed
“outstanding” for all other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the
Company or any of its Subsidiaries may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any
such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.1 hereof, but, except as
specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.1 hereof of the option applicable to this Section 8.3, subject to the satisfaction
of the conditions set forth in Section 8.4 hereof, Sections 6.1(4), (5), (6), (7) and (11) hereof shall not constitute Events of Default. 
 Notwithstanding any discharge or release of any obligations pursuant to Section 8.2 or 8.3, the Company’s obligations in Sections 2.5, 2.6, 2.7, 2.8, 7.7, 8.6 and 8.7 shall survive until the Notes are no
longer outstanding pursuant to the last paragraph of Section 2.8. After the Notes are no longer outstanding, the Issuer’s obligations in Sections 7.7, 8.6 and 8.7 shall survive. 
  

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 SECTION 8.4 Conditions to Legal or Covenant Defeasance. 
 The following shall be the conditions to the application of either Section 8.2 or 8.3 hereof to the outstanding Notes: 
 (1) the Company must irrevocably have deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose of
making the following payments, specifically pledged as security for, and dedicated solely to the benefit of, the Holders of such Notes: (A) money in an amount, or (B) Government Securities which through the scheduled payment of principal
and interest in respect thereof in accordance with their terms will provide, not later than the due date of any payment, money in an amount or (C) a combination thereof, in each case sufficient without reinvestment, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee to pay and discharge, the entire Debt in respect of
the principal of and interest and premium, if any, on such Notes on the Stated Maturity thereof or (if the Company has made irrevocable arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name and at
the expense of the Company) the redemption date thereof, as the case may be, in accordance with the terms of this Indenture and such Notes; 
 (2) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published by, the Internal Revenue
Service a ruling or (B) since the date of this Indenture, there has been a change in the applicable federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders
of such Notes will not recognize gain or loss for federal income tax purposes as a result of the deposit, Legal Defeasance and discharge to be effected with respect to such Notes and will be subject to federal income tax on the same amount, in the
same manner and at the same times as would be the case if such deposit, Legal Defeasance and discharge were not to occur; 
 (3) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such outstanding Notes will not recognize gain or loss for federal income tax purposes as a
result of the deposit and Covenant Defeasance to be effected with respect to such Notes and will be subject to federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant
Defeasance were not to occur; 
 (4) no Default or Event of Default with respect to the outstanding Notes shall have occurred
and be continuing at the time of such deposit after giving effect thereto (other than any Default or Event of Default arising from the failure to comply with Section 4.9 or Section 4.12); 
 (5) such Legal Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the TIA
(assuming all Notes are in default within the meaning of the TIA); 
  

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 (6) such Legal Defeasance or Covenant Defeasance shall not result in a breach or
violation of, or constitute a default under, any other agreement or instrument to which the Company is a party or by which the Company is bound; 
 (7) such Legal Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act of 1940, as amended, unless
such trust shall be registered under such Act or exempt from registration thereunder; and 
 (8) the Company shall have
delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Legal Defeasance or Covenant Defeasance have been complied with. 
 In connection with a discharge, in the event the Company becomes insolvent within the applicable preference period after the date of deposit, monies held
for the payment of the Notes may be part of the bankruptcy estate of the Company, disbursement of such monies may be subject to the automatic stay of applicable bankruptcy law and monies disbursed to Holders may be subject to disgorgement in favor
of the Company’s estate. Similar results may apply upon the insolvency of the Company during the applicable preference period following the deposit of monies in connection with defeasance. 
 SECTION 8.5 Deposited Money and Government Securities To Be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.6 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or
other qualifying trustee, collectively for purposes of this Section 8.5, the “Trustee”) pursuant to Section 8.4 hereof in respect of the outstanding Notes shall be held in trust, shall not be invested, and applied by the
Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company or any Subsidiary acting as Paying Agent) as the Trustee may determine, to the Holders of
such Notes of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government
Securities deposited pursuant to Section 8.4 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes. 
 Anything in this Article VIII to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the written request
of the Company and be relieved of all liability with respect to any money or non-callable Government Securities held by it as provided in Section 8.4 hereof which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.4(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent
Legal Defeasance or Covenant Defeasance. 
  

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 SECTION 8.6 Repayment to Company. 
 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or
interest, if any, on any Note and remaining unclaimed for one year after such principal and premium, if any, or interest has become due and payable shall be paid to the Company on its written request or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published
once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or
publication, any unclaimed balance of such money then remaining shall be repaid to the Company. 
 SECTION 8.7 Reinstatement.

 If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with
Section 8.2, 8.3 or 8.8 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations of the Company under this
Indenture, the Notes and the Security Documents shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.2, 8.3 or 8.8 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 8.2, 8.3 or 8.8 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 
 SECTION 8.8 Discharge. 
 The Company and the Guarantors may terminate the obligations under this
Indenture, the Notes and the Security Documents when: 
 (1) either: (A) all Notes theretofore authenticated and
delivered have been delivered to the Trustee for cancellation, or (B) all such Notes not theretofore delivered to the Trustee for cancellation (i) have become due and payable or (ii) will become due and payable within one year (a
“Discharge”) or are to be called for redemption within one year under irrevocable arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, and
the Company has irrevocably deposited or caused to be deposited with the Trustee funds in an amount sufficient to pay and discharge the entire Debt on the Notes not theretofore delivered to the Trustee for cancellation, for principal of and interest
and premium, if any, on such Notes to the Stated Maturity thereof or date of redemption; 
 (2) the Company has paid or caused
to be paid all other sums then due and payable under this Indenture by the Company; 
  

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 (3) the deposit will not result in a breach or violation of, or constitute a default
under, any other instrument to which the Company or any Guarantor is a party or by which the Company or any Guarantor is bound; 
 (4) the Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as the case may be; and 
 (5) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel reasonably acceptable to the Trustee,
each stating that all conditions precedent under this Indenture relating to the Discharge have been complied with. 
 In the case of clause
(1)(B) of this Section 8.8, and subject to the next sentence and notwithstanding the foregoing paragraph, the Company’s obligations in Sections 2.5, 2.6, 2.7, 2.8, 4.1, 4.2, 4.14 (as to legal existence of the Company only), 7.7, 8.6
and 8.7 shall survive until the Notes are no longer outstanding pursuant to the last paragraph of Section 2.8. After the Notes are no longer outstanding, the Issuer’s obligations in Sections 7.7, 8.6 and 8.7 shall survive any discharge
pursuant to Section 8.8. 
 After such delivery or irrevocable deposit, the Trustee upon request shall acknowledge in writing the
discharge of the Company’s obligations under the Notes and this Indenture except for those surviving obligations specified above. 
 ARTICLE IX 
 AMENDMENT, SUPPLEMENT AND WAIVER 
 SECTION 9.1 Without Consent of Holders of the Notes. 
 Notwithstanding Section 9.2, without the
consent of any Holders, the Company, the Guarantors, and the Trustee, at any time and from time to time, may amend this Indenture or enter into one or more indentures supplemental to this Indenture or one or more amendments to any Security Document
for any of the following purposes: 
 (1) to evidence the succession of another Person to the Company and the assumption by
any such successor of the covenants of the Company in this Indenture and in the Notes; 
 (2) to add to the covenants of the
Company for the benefit of the Holders, or to surrender any right or power herein conferred upon the Company; 
 (3) to add
additional Events of Default; 
 (4) to provide for uncertificated Notes in addition to or in place of the certificated Notes;

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

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 (6) to provide for or confirm the issuance of Additional Notes in accordance with the
terms of this Indenture; 
 (7) to add to the Collateral securing the Notes, to add a Guarantor or to release a Guarantor in
accordance with this Indenture; 
 (8) to release Collateral from the Lien of this Indenture and the Security Documents where
permitted hereby and by the Security Documents; or 
 (9) to cure any ambiguity, to correct or supplement any provision in
this Indenture which may be defective or inconsistent with any other provision in this Indenture, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such actions pursuant to this
clause shall not adversely affect the interests of the Holders in any material respect, as determined in good faith by the Board of Directors of the Company. 
 SECTION 9.2 With Consent of Holders of Notes. 
 With the consent of the Holders of not less than a
majority in aggregate principal amount of the outstanding Notes, the Company, the Guarantors, and the Trustee may enter into an indenture or indentures supplemental to this Indenture or an amendment to the Security Documents for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders under this Indenture, including the definitions herein; provided,
however, that no such supplemental indenture or amendment to a Security Document shall, without the consent of the Holder of each outstanding Note affected thereby: 
 (1) change the Stated Maturity of any Note or of any installment of interest on any Note, or reduce the amount payable in respect of the
principal thereof or the rate of interest or any premium payable thereon, or reduce the amount that would be due and payable on acceleration of the maturity thereof, or change the coin or currency in which any principal of the Note or the rate of
interest or any premium payable thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof, or change the date on which any Notes may be subject to redemption or reduce
the Redemption Price therefor, 
 (2) reduce the percentage in aggregate principal amount of the outstanding Notes, the
consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences)
provided for in this Indenture, 
 (3) modify the obligations of the Company to make Offers to Purchase upon a Change of
Control or from the Excess Proceeds of Asset Sales if such modification was done after the occurrence of such Change of Control or such Asset Sale, 
 (4) subordinate, in right of payment, the Notes to any other Debt of the Company, 
 (5)
modify any of the provisions of this paragraph or provisions relating to waiver of defaults or certain covenants, except to increase any such percentage required for such actions or 

  

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to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each outstanding Note affected
thereby, or 
 (6) release any Note Guarantees required to be maintained under this Indenture, except as provided in clause
(6) of Section 9.1. 
 In addition, any amendment to, or waiver of, the provisions of this Indenture or any Security Document that
has the effect of releasing all or substantially all of the Collateral from the Liens securing the Notes will require the consent of the Holders of at least 66 2/3% in aggregate principal amount of the Notes then outstanding. 
 The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may on behalf of the Holders of all the Notes waive any
past default under this Indenture and its consequences, except a default: 
 (1) in any payment in respect of the principal of
and interest and premium, if any, on any Notes (including any Note which is required to have been purchased pursuant to an Offer to Purchase which has been made by the Company), or 
 (2) in respect of a covenant or provision hereof which under this Indenture cannot be modified or amended without the consent of the
Holder of each outstanding Note affected. 
 SECTION 9.3 Compliance with Trust Indenture Act. 
 Every amendment or supplement to this Indenture or the Notes shall be set forth in an amendment or supplemental indenture that complies with the TIA as
then in effect. 
 SECTION 9.4 Revocation and Effect of Consents. 
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder and every
subsequent Holder of that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on the Note. However, any such Holder or subsequent Holder may revoke the consent as
to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. When an amendment, supplement or waiver becomes effective in accordance with its terms, it thereafter binds every
Holder. 
 The Company may, but shall not be obligated to, fix a record date (which need not be the period specified in the TIA) for
determining which Holders consent to such amendment, supplement or waiver. If the Company fixes a record date, the record date shall be fixed at (i) the later of 30 days prior to the first solicitation of such consent or the date of the most
recent list of Holders furnished for the Trustee prior to such solicitation pursuant to Section 2.5 hereof or (ii) such other date as the Company shall designate. 
  

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 SECTION 9.5 Notation on or Exchange of Notes. 
 The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Company in exchange for
all Notes may issue and the Trustee shall authenticate new Notes that reflect the amendment, supplement or waiver. 
 Failure to make the
appropriate notation or issue a new Note shall not affect the validity and effect of such amendment, supplement or waiver. 
 SECTION 9.6
Trustee To Sign Amendments, Etc. 
 The Trustee shall sign any amended or supplemental indenture authorized pursuant to this
Article IX if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company and the Guarantors may not sign an amendment or supplemental indenture until their respective Boards
of Directors approve it. In signing or refusing to sign any amendment or supplemental indenture the Trustee shall be provided with and (subject to Section 7.1 hereof) shall be fully protected in relying upon an Officers’ Certificate and an
Opinion of Counsel stating that the execution of such amendment or supplemental indenture is authorized or permitted by this Indenture, that all conditions precedent thereto have been met or waived, that such amendment or supplemental indenture is
not inconsistent herewith, and that it will be valid and binding upon the Company in accordance with its terms. 
 ARTICLE X 
 SECURITY DOCUMENTS 
 SECTION 10.1 Security
Documents. 
 The due and punctual payment of the principal and premium, if any, of and interest on the Notes when and as the same shall
be due and payable, whether on an interest payment date, at Stated Maturity, by acceleration, repurchase, redemption, special redemption or otherwise, and interest on the overdue principal of and interest on the Notes and performance of all other
obligations of the Company and the Guarantors to the Holders or the Trustee under this Indenture, the Security Documents or the Notes, according to the terms hereunder or thereunder, shall be secured as provided in the Security Documents.

 Each Holder, by its acceptance of the Notes, consents and agrees to the terms of the Intercreditor Agreement and the Security Documents
(including, without limitation, the provisions providing for foreclosure and release of Collateral pursuant to the terms set forth in the Intercreditor Agreement) as the same may be in effect or may be amended from time to time in accordance with
their terms and authorizes and directs the Trustee to enter into such Security Documents and Intercreditor Agreement and to perform its obligations and exercise its rights thereunder in accordance therewith. 
 The Company shall do or cause to be done all such acts and things as may be necessary or proper, or as may be required by the provisions of the
Intercreditor Agreement and the Security Documents, to assure and confirm to the Trustee the security interest in the Collateral contemplated hereby, by the Intercreditor Agreement, the Security Documents or any part thereof, as from time to time
constituted, so as to 

  

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render the same available for the security and benefit of this Indenture and of the Notes secured thereby, according to the intent and purposes herein and
therein expressed. 
 The Company shall take any and all actions reasonably required to cause the Security Documents to create and maintain,
as security for the obligations of the Company hereunder and under the Notes, a valid and enforceable perfected Lien on and security interest in all the Collateral, in favor of the Trustee for the benefit of the Trustee and the Holders and other
Persons for whose benefit the Trustee, acts pursuant to the Security Documents, subject to no Liens (other than Permitted Liens) and subject to the provisions of the Intercreditor Agreement. 
 SECTION 10.2 Recording and Opinions. 
 (1) As required by the provisions of the Security Documents, the Company and, if applicable, the Guarantors shall take or cause to be taken all action required to perfect, maintain, preserve and protect the Lien on and security interest in
the Collateral granted by the Security Documents (subject only to Permitted Liens), including, without limitation, the filing of financing statements, continuation statements, mortgages and any instruments of further assurance, in such manner and in
such places as may be required by law fully to preserve and protect the rights of the Holders and the Trustee under this Indenture and the Security Documents to all property comprising the Collateral. The Company and the Guarantors shall from time
to time promptly pay all financing statement, continuation statement and, registration and/or filing fees, charges and taxes relating to this Indenture and the Security Documents, any amendments thereto and any other instruments of further assurance
required hereunder or pursuant to the Security Documents. The Trustee shall have no obligation to, nor shall it be responsible for any failure to, so register, file or record. 
 (2) The Company shall furnish to the Trustee within three months after each anniversary of the Issue Date, an Opinion of Counsel, dated as of such date,
stating either that (i) in the opinion of such counsel, all action has been taken (and stating what actions, if any, are necessary to be taken within the next calendar year) with respect to the recording, registering, filing, re-recording,
re-registering and refiling of this Indenture and the Security Documents, financing statements, continuation statements or other instruments of further assurance as is necessary to maintain the Liens intended to be created by the Security Documents
and reciting the details of such action or (ii) in the opinion of such counsel, no such action is necessary to maintain such Liens. 
 SECTION 10.3 Possession, Use and Release of Collateral. 
 (a) Subject to and in accordance with the provisions of the
Security Documents, this Indenture and the Credit Agreement, so long as the Trustee or the Lenders have not exercised their rights with respect to the Collateral upon the occurrence and during the continuance of an Event of Default, the Company and
the Guarantors will have the right to remain in possession and to retain control of the Collateral (other than the certificated Capital Interests constituting Capital Interest Collateral), to operate, alter or repair the Collateral and to collect,
invest and dispose of any income therefrom. 
 (b) The Company and the Guarantors, as the case may be, shall be entitled to releases of
assets included in the Collateral from the Lien of the Security Documents (the “Released Collateral”), and the Trustee shall release such Released Collateral from the Lien of the relevant Security Document and 

  

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reconvey the Released Collateral to the Company or the applicable Guarantor, under any one or more of the following circumstances: 
 (1) to enable the Company or any Guarantor to consummate any sale, lease, conveyance or other disposition of any assets or rights
permitted under Section 4.10, free and clear of the Liens of this Indenture and the Security Documents; 
 (2) for so
long as any First Priority Lien Obligations are outstanding, if the Representative(s) has or have agreed to release its or their Lien in any of the Collateral in connection with the realization of the Representative(s) or Lenders’ rights with
respect to such Collateral (including by way of foreclosure), and the Trustee is granted a Second Priority Lien for its benefit and the benefit of the Holders on the proceeds of such Collateral; 
 (3) in respect of Capital Interests of any Guarantor, concurrently with the release of such Guarantor’s Note Guarantee as provided
under Section 11.6; 
 (4) in respect of Capital Interests of any Foreign Restricted Subsidiary, upon designation of such
Foreign Restricted Subsidiary as an Unrestricted Subsidiary in accordance with Section 4.17; 
 (5) in the event the
assets to be released have been taken by eminent domain, condemnation or in similar circumstances; and 
 (6) pursuant to an
amendment, waiver or supplement in accordance with Section 9.2, 
 in each case, upon receipt by the Trustee of: 
 (1) a notice from the Company (i) requesting the release of Released Collateral, specifically describing the proposed Released
Collateral, (ii) stating that, if such Released Collateral is to be sold, the consideration to be received in respect of the Released Collateral is at least equal to the fair market value of the Released Collateral and that such consideration
is also to be made subject to the Lien of the Security Documents to the extent required by this Indenture, (iii) in the case of a sale of Collateral, confirming the sale of, or an agreement to sell, such Released Collateral in a bona fide sale
to a person that is not an Affiliate of the Company or, in the event that such sale is to a person that is an Affiliate, confirming that such sale is made in compliance with Section 4.11 and (iv) certifying that if the sale of such
Released Collateral constitutes an Asset Sale, such Asset Sale complies with the terms and conditions of this Indenture with respect thereto, including, without limitation, the applicable provisions of Section 4.10; and 
 (2) an Officers’ Certificate stating that (i) such disposition covers only the Released Collateral or such other property that
does not constitute Collateral subject to the sale or disposition, (ii) after giving effect to such sale or disposition, there is no Default or Event of Default in effect or continuing on the date thereof and the release of the Collateral will
not result in a Default or Event of Default, and (iii) all conditions precedent in this Indenture, the Security Documents and this Indenture and security documents governing the Credit Agreement relating to the release in question have been
complied with by the Company and, in the event that there is to be a substitution of property for the Released Collateral subject to an Asset Sale, all documentation 

  

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necessary to effect the substitution of such new Collateral and to subject such new Collateral to the Lien of the relevant Security Documents have been
provided to the Trustee. 
 Upon compliance by the Company with the conditions precedent set forth above, the Trustee shall cause to be
released and reconveyed to the Company or the applicable Guarantor the Released Collateral without recourse by executing a release in the form provided by the Company or the applicable Guarantor and reasonably acceptable to the Trustee. 

(c) Collateral may (and, as applicable, shall) be released or substituted only in accordance with the terms of the Intercreditor Agreement and the
Security Documents or this Section 10.4. Upon any disposition of Collateral pursuant to and in compliance with Sections 4.10, 10.3 and 10.4, or pursuant to a transaction that does not constitute an “Asset Sale” or otherwise violate
any provision of this Indenture, such Collateral shall be sold free and clear of any lien under the Security Documents and automatically released from the provisions thereof. 
 (d) The release of any Collateral from the terms of this Indenture and the Security Documents shall not be deemed to impair the security under this
Indenture in contravention of the provisions hereof if and to the extent the Collateral is released pursuant to the terms of the Intercreditor Agreement, the Security Documents, this Section 10.3 or Section 10.4. 
 (e) Any request by the Company for the Trustee to execute a release of any Collateral from the terms of this Indenture shall be made pursuant to the
terms of Section 10.5. 
 (f) In the event that Rule 3-16 of Regulation S-X under the Securities Act (or any successor regulation)
requires the filing with the SEC of separate financial statements of any Subsidiary of the Company because such Subsidiary’s Capital Interests are pledged as Collateral securing the Notes, the portion (or, if necessary, all) of such Capital
Interests necessary to eliminate such filing requirement will automatically be deemed released and to not have been part of the Collateral. In such event, the Company and the Trustee shall amend or modify the Security Documents as necessary to
evidence such release. 
 (g) The Company and the Guarantors, as the case may be, shall be entitled to releases of assets included in the
Collateral from the Lien of the Security Documents, and the Trustee shall release such Released Collateral from the Lien of the relevant Security Document and reconvey the Released Collateral to the Company or the applicable Guarantor upon
compliance with the conditions set forth in Article VIII for Legal Defeasance or Covenant Defeasance (subject to the reinstatement provisions of Section 8.7 hereof). 
 The Company, the Trustee and the Holders acknowledge that prior to the Discharge of First Priority Lien Obligations, the Collateral Agent shall have the
exclusive right and authority to determine the release of the Collateral pursuant to the Intercreditor Agreement and may release such Collateral on behalf of the Trustee. 
 SECTION 10.4 Certificates of the Company. 
 (a) To the extent applicable, the Company shall comply
(or cause compliance) with Section 313(b) of the TIA, relating to reports, and Section 314(d) of the TIA, relating to the release of property or securities from the lien and security interest of the Security Documents and relating to the
substitution 

  

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therefor of any property or securities to be subjected to the lien and security interest of the Security Documents. Any certificate or opinion required by
Section 314(d) of the TIA may be made by an officer of the Company except in cases where Section 314(d) of the TIA requires that such certificate or opinion be made by an independent Person, which Person shall be an independent engineer,
appraiser or other expert selected or approved by the Trustee in the exercise of reasonable care. 
 (b) Notwithstanding the above
provisions, so long as no Event of Default shall have occurred and be continuing or would result therefrom and so long as such transaction would not violate this Indenture, the Company and the Guarantors may, to the extent permitted by applicable
law, without any action or consent sent by the Trustee, conduct ordinary course activities with respect to inventory and accounts receivable, including selling inventory and utilizing the cash proceeds therefrom or from the collection of accounts
receivable and utilizing the proceeds therefrom; disposing of, in any transaction or series of related transactions, any property subject to the Lien of the Security Documents which has become worn out, defective or obsolete or not used or useful in
the business and which is, to the extent required hereby or by the Security Documents, replaced by property of substantially equivalent or greater value which becomes subject to the Lien of the Security Documents as After-Acquired Property. The
Company shall deliver to the Trustee, within 30 calendar days following of any year, an Officers’ Certificate to the effect that all releases and withdrawals during the preceding twelve-month period in which no release or consent of the Trustee
was obtained were in the ordinary course of the Company’s business and were not prohibited hereby and that all proceeds therefrom were used by the Company or such Subsidiary as permitted herein. 
 (c) The fair value of Collateral released from the Liens of the Security Documents as to which opinions or certificates are not delivered prior to the
applicable date of determination in reliance upon this Section 10.4(b) shall not be considered in determining whether the aggregate fair value of Collateral released from the Liens of the Security Documents in any calendar year exceeds the 10%
threshold specified in Section 314(d)(l) of the TIA; provided that the Company’s right to rely on this sentence at any time is conditioned upon the Company having furnished to the Trustee the Officers’ Certificates described in
Section 10.4(b) that were required to be furnished to the Trustee at or prior to such time. 
 (d) It is expressly understood that
Section 10.4(b) and Section 10.4(c) relate only to the Company’s and each Subsidiary’s obligations under the TIA and shall not affect the Company’s and its Subsidiaries’ rights or abilities to release Collateral.

 SECTION 10.5 Execution of Release by Trustee. 
 In the event that the Company or any Guarantor wish the Trustee to execute a release of any Collateral from the lien of the Security Documents in accordance with this Indenture, the Intercreditor Agreement and the
Security Documents, it shall furnish the Trustee an Officers’ Certificate complying with Section 12.4(a) certifying that all conditions precedent have been met and that no consent of the Holders is required together with any documents
required by Section 4.10, Section 10.4 or any other provision of this Indenture and deliver as required by this Indenture, an Opinion of Counsel to the effect that such accompanying documents constitute all the documents required by this
Indenture and by Section 314(d) of the TIA or that no such documents are so required. Upon the receipt of such documents the Trustee shall execute a release of the Collateral. The Trustee, however, shall have no duty to confirm the legality or
validity of such documents, its sole duty being to certify that it has received such documentation which on its face conforms to Section 314(d) of the TIA. 
  

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 SECTION 10.6 Authorization of Actions To Be Taken by the Trustee Under the Security Documents.

 Subject to the provisions of the Intercreditor Agreement and the Security Documents, the Trustee may, in its sole discretion and without
the consent of the Holders (and shall, at the direction of Holders holding the requisite principal amount of Notes), take all actions it deems necessary or appropriate in order to (a) enforce the terms of the Intercreditor Agreement and the
Security Documents and (b) collect and receive any and all amounts payable in respect of the obligations of the Company hereunder. The Trustee shall have the power to institute and maintain such suits and proceedings as it may deem expedient to
prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Intercreditor Agreement and the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or
protect its interests and the interests of the Holders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or
order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders or the Trustee).

 SECTION 10.7 Authorization of Receipt of Funds by the Trustee Under the Security Documents. 
 The Trustee is authorized to receive funds for the benefit of the Holders distributed under the Security Documents or the Intercreditor Agreement, and to
make further distributions of such funds to the Holders according to the provisions of this Indenture, the Intercreditor Agreement and the Security Documents. 
 SECTION 10.8 Agent. 
 The Trustee shall act as collateral agent pursuant to the Intercreditor
Agreement and the Security Documents and shall be authorized to appoint co-agents as necessary in its sole discretion. Except as otherwise explicitly provided herein or in the Intercreditor Agreement or the Security Documents, neither the Trustee
nor any of its respective officers, directors, employees or agents shall be liable for any failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of
any Collateral upon the request of any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The Trustee shall be accountable only for amounts that it actually receives as a result of the exercise of
such powers, and neither the Trustee nor any of its officers, directors, employees or agents shall be responsible for any act or failure to act hereunder, except for its own willful misconduct, negligence or bad faith. 
 SECTION 10.9 Security Documents. 
 (a) Each of the other parties hereto and, by their acceptance of the Notes, the Holders hereby authorize and instruct the Trustee, to (i) enter into the Security Documents, (ii) bind such parties and the Holders on the terms set
forth in the Security Documents and (iii) perform and observe its obligations under the Security Documents. 
  

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 (b) Each of the other parties hereto and, by their acceptance of the Notes, the Holders hereby authorize
and instruct the Trustee to (i) enter into the Intercreditor Agreement, (ii) bind such parties and the Holders on the terms set forth in the Intercreditor Agreement, and (iii) perform and observe its obligations under the
Intercreditor Agreement. 
 ARTICLE XI 
 NOTE GUARANTEES 
 SECTION 11.1 Note Guarantees. 
 (a) Each Guarantor hereby jointly and severally, fully, unconditionally and irrevocably guarantees the Notes and obligations of the Company hereunder and
thereunder, and guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee on behalf of such Holder, that: (i) the principal of and premium, if any and interest on the Notes shall be paid in full when due,
whether at Stated Maturity, by acceleration, call for redemption or otherwise (including, without limitation, the amount that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code), together
with interest on the overdue principal, if any, and interest on any overdue interest, to the extent lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder shall be paid in full or performed, all in
accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Notes or of any such other obligations, the same shall be paid in full when due or performed in accordance with the terms of
the extension or renewal, whether at Stated Maturity, by acceleration or otherwise. Each of the Note Guarantees shall be a guarantee of payment and not of collection. 
 (b) Each Guarantor hereby agrees that its obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce
the same, any waiver or consent by any Holder with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or
equitable discharge or defense of a Guarantor. 
 (c) Each Guarantor hereby waives the benefits of diligence, presentment, demand for
payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company or any other Person, protest, notice and all demands whatsoever and covenants that the Note
Guarantee of such Guarantor shall not be discharged as to any Note except by complete performance of the obligations contained in such Note and such Note Guarantee or as provided for in this Indenture. Each of the Guarantors hereby agrees that, in
the event of a default in payment of principal or premium, if any or interest on such Note, whether at its Stated Maturity, by acceleration, call for redemption, purchase or otherwise, legal proceedings may be instituted by the Trustee on behalf of,
or by, the Holder of such Note, subject to the terms and conditions set forth in this Indenture, directly against each of the Guarantors to enforce such Guarantor’s Note Guarantee without first proceeding against the Company or any other
Guarantor. Each Guarantor agrees that if, after the occurrence and during the continuance of an Event of Default, the Trustee or any of the Holders are prevented by applicable law from exercising their respective rights to accelerate the maturity of
the Notes, to collect interest on the Notes, or to enforce or exercise any other right or remedy with respect to the Notes, such Guarantor shall pay to the Trustee for the account of the Holders, upon demand therefor, the amount that would otherwise
have been due and payable had such rights and remedies been permitted to be exercised by the Trustee or any of the Holders. 
  

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 (d) If any Holder or the Trustee is required by any court or otherwise to return to the Company or any
Guarantor, or any custodian, trustee, liquidator or other similar official acting in relation to the Company or any Guarantor, any amount paid by any of them to the Trustee or such Holder, the Note Guarantee of each of the Guarantors, to the extent
theretofore discharged, shall be reinstated in full force and effect. This paragraph (d) shall remain effective notwithstanding any contrary action which may be taken by the Trustee or any Holder in reliance upon such amount required to be
returned. This paragraph (d) shall survive the termination of this Indenture except as otherwise provided in the Intercreditor Agreement. 
 (e) Each Guarantor further agrees that, as between each Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article VI
hereof for the purposes of the Note Guarantee of such Guarantor, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any acceleration of
such obligations as provided in Article VI hereof, such obligations (whether or not due and payable) shall forthwith become due and payable by each Guarantor for the purpose of the Note Guarantee of such Guarantor. 
 SECTION 11.2 Severability. 
 In case
any provision of any Note Guarantee shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 11.3 Limitation of Guarantors’ Liability. 
 Each Guarantor and by its acceptance hereof each Holder confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes
of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the
foregoing intention, the Trustee, the Holders and Guarantors hereby irrevocably agree that the obligations of such Guarantor under its Note Guarantee shall be limited to the maximum amount that will not, after giving effect to all other contingent
and fixed liabilities of such Guarantor and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Note
Guarantee, result in the obligations of such Guarantor under its Note Guarantee constituting a fraudulent transfer or conveyance. 
 SECTION
11.4 Guarantors May Consolidate, Etc., on Certain Terms. 
 Except as otherwise provided in Section 11.4 hereof, a Guarantor may
not sell or otherwise dispose of all or substantially all of its assets, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person unless: 
 (1) immediately after giving effect to such transactions, no Default or Event of Default exists; and 
  

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 (2) either: 
 (A) the Person acquiring the property in any such sale or disposition or the Person formed by or surviving any such consolidation or
merger assumes all the obligations of that Guarantor under this Indenture pursuant to a supplemental indenture and supplements to the Security Documents satisfactory to the Trustee; or 
 (B) the Net Proceeds of any such sale or other disposition of a Guarantor are applied in accordance with the provisions of
Section 4.10 hereof. 
 In case of any such consolidation, merger, sale or conveyance and upon the assumption by the successor Person,
by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Note Guarantee and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the
Guarantor, such successor Person shall succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. All the Note Guarantees so issued shall in all respects have the same legal rank and benefit
under this Indenture as the Note Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all such Note Guarantees had been issued at the date of the execution hereof. 
 Except as set forth in Articles IV and V hereof, and notwithstanding clauses (1) and (2) above, nothing contained in this Indenture or in any
of the Notes shall prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the Company
or another Guarantor. 
 SECTION 11.5 Releases Following Sale of Assets. 
 Any Guarantor shall be released and relieved of any obligations under this Note Guarantee, (1) in connection with any sale or other disposition by
the Company or any Subsidiary of the Company of all or substantially all of the assets of that Guarantor (including by way of merger or consolidation) to a Person that is not (either before or after giving effect to such transaction) a Subsidiary,
if the Company or the Guarantor applies the Net Proceeds of that sale or other disposition in accordance with the provisions of Section 4.10 hereof; or (2) in connection with any sale of all of the Capital Stock of a Guarantor by the
Company or any Subsidiary of the Company to a Person that is not (either before or after giving effect to such transaction) a Subsidiary, if the Company applies the Net Proceeds of that sale in accordance with the provisions of Section 4.10
hereof. Upon delivery to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the effect that such sale or other disposition was made by the Company in accordance with the provisions of this Indenture, including without
limitation Section 4.10 hereof, the Trustee shall execute any documents reasonably required in order to evidence the release of any Guarantor from its obligations under its Note Guarantee. 
 Any Guarantor not released from its obligations under this Note Guarantee shall remain liable for the full amount of principal of and interest on the
Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article XI. 
  

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 SECTION 11.6 Release of a Guarantor. 
 Any Guarantor shall be deemed automatically and unconditionally released and discharged of its obligations under its Note Guarantee without any further
action on the part of the Trustee or any Holder, upon: 
 (a) the designation of the Guarantor as an Unrestricted Subsidiary;

 (b) Legal Defeasance or Covenant Defeasance satisfying the conditions set forth in Section 8.2 or 8.3 hereof, or if
the Company’s obligations under this Indenture are discharged in accordance with Section 8.8 hereof; or 
 (c) any
sale or other disposition (by merger or otherwise) to any Person which is not a Domestic Restricted Subsidiary of the Company of (i) all or substantially all of the assets of such Guarantor or (ii) Capital Interests of a Guarantor such
that such Guarantor ceases to be a Subsidiary; provided that such sale or disposition of such Capital Interests or assets is otherwise in compliance with the terms of this Indenture. 
 The Trustee shall deliver an appropriate instrument evidencing such release upon receipt of the Company’s request for such release accompanied by an
Officers’ Certificate certifying as to the compliance with this Section 11.5. Any Guarantor not so released shall remain liable for the full amount of principal of and interest on the Notes as provided in its Note Guarantee. 
 SECTION 11.7 Benefits Acknowledged. 
 Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that its guarantee and waivers pursuant to its Note Guarantee are knowingly made in
contemplation of such benefits. 
 SECTION 11.8 Future Guarantors. 
 Each future Domestic Restricted Subsidiary shall become a Guarantor. Within ten (10) days of becoming a Domestic Restricted Subsidiary, such
Subsidiary shall execute and deliver to the Trustee a supplemental indenture and other agreements making such Subsidiary a party to this Indenture and the Security Documents. 
 ARTICLE XII 
 MISCELLANEOUS 
 SECTION 12.1 Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA § 318(c), the imposed duties shall control. 
  

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 SECTION 12.2 Notices. 
 Any notice or communication by the Company, the Guarantors or the Trustee to the others is duly given if in writing and delivered in Person or mailed by
first class mail (registered or certified, return receipt requested), telecopier or overnight air courier guaranteeing next day delivery, to the others address: 
 If to the Company: 
 Intcomex, Inc. 
 9835 NW 14th Street 
 Miami, FL 33172 
 Facsimile:  (305) 477-5694 
 Attention: President 
 with a copy to: 
 Cleary Gottlieb Steen & Hamilton LLP 
 1 Liberty Plaza 
 New York, NY 10006 
 Facsimile:  212-225-3999 
 Attention: Stephen H. Shalen, Esq. 
 If to the Trustee: 
 The Bank of New York 
 101 Barclay Street, Floor 8W 
 New York, New York 10286 
 Attention: Corporate Trust Administration 
 The Company or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or communications.

 All notices and communications (other than those sent to Holders) shall be deemed to have been duly given: at the time delivered by hand,
if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next Business Day after timely delivery to the courier, if sent by overnight air courier
promising next Business Day delivery. 
 Any notice or communication to a Holder shall be mailed by first class mail or by overnight air
courier promising next Business Day delivery to its address shown on the register kept by the Registrar. Any notice or communication shall also be so mailed to any Person described in TIA § 313(c), to the extent required by the TIA.
Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. 
 If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it, except in the case of notices or communications given to the Trustee, which shall be
effective only upon actual receipt. 
  

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 If the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and each
Agent at the same time. 
 SECTION 12.3 Communication by Holders of Notes with Other Holders of Notes. 
 Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The
Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
 SECTION 12.4 Certificate and
Opinion as to Conditions Precedent. 
 Upon any request or application by the Company to the Trustee to take any action under this
Indenture (other than the initial issuance of the Notes), the Company shall furnish to the Trustee upon request: 
 (a) an
Officers’ Certificate (which shall include the statements set forth in Section 12.5 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the
proposed action have been satisfied; and 
 (b) an Opinion of Counsel (which shall include the statements set forth in
Section 12.5 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 
 SECTION 12.5 Statements Required in Certificate or Opinion. 
 Each certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include: 
 (a) a statement that the Person making such certificate or opinion has read such covenant or condition; 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in
such certificate or opinion are based; 
 (c) a statement that, in the opinion of such Person, he or she has made such
examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 
 (d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied. 
 SECTION 12.6 Rules by Trustee and Agents. 
 The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 
  

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 SECTION 12.7 No Personal Liability of Directors, Officers, Employees, Stockholders or
Incorporators. 
 No director, officer, employee, stockholder or incorporator, past, present or future, of the Company, as such or in
such capacity, shall have any personal liability for any obligations of the Company under the Notes, any Note Guarantee or this Indenture by reason of his, her or its status as such director, officer, employee, stockholder or incorporator.

 SECTION 12.8 Governing Law. 
 THIS AGREEMENT, THE NOTES AND THE NOTE GUARANTEES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE WITHOUT REGARD TO CONFLICTS
OF LAW PRINCIPLES THEREOF THAT WOULD REQUIRE APPLICATION OF THE LAWS OF ANOTHER STATE. Any legal suit, action or proceeding arising out of or based upon this Agreement, the Notes or the Note Guarantees or the transactions contemplated hereby
(“Related Proceedings”) may be instituted in the federal courts of the United States of America located in the City and County of New York or the courts of the State of New York in each case located in the City and County of New
York (collectively, the “Specified Courts”), and each party irrevocably submits to the exclusive jurisdiction (except for suits, actions, or proceedings instituted in regard to the enforcement of a judgment of any Specified Court in
a Related Proceeding, as to which such jurisdiction is non-exclusive) of such Specified Courts in any Related Proceeding. Service of any process, summons, notice or document by mail to such party’s address set forth above shall be effective
service of process for any Related Proceeding brought in any Specified Court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any Related Proceeding in the Specified Courts and irrevocably and
unconditionally waive and agree not to plead or claim in any Specified Court that any Related Proceeding brought in any Specified Court has been brought in an inconvenient forum, in each case to the extent permitted by law. EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS
CONTEMPLATED HEREBY. 
 SECTION 12.9 No Adverse Interpretation of Other Agreements. 
 This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other Person. Any
such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 SECTION 12.10 Successors. 
 All agreements of the Company and the Guarantors in this Indenture and the Notes and the Note Guarantees, as applicable, shall bind their respective
successors and assigns. All agreements of the Trustee in this Indenture shall bind its successors and assigns. 
  

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 SECTION 12.11 Severability. 
 In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 12.12 Counterpart Originals. 
 The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement. 
 SECTION 12.13 Table of Contents, Headings, Etc. 
 The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of reference
only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 
 SECTION 12.14 Acts of Holders. 
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein
otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied
therein and evidenced thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient
for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 12.14. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized
by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a signer acting in a capacity other than such signer’s
individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer’s authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may
also be proved in any other manner which the Trustee deems sufficient. 
 (c) The ownership of Notes shall be proved by the Holder list
maintained under Section 2.5 hereunder. 
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of
the Holder of any Note shall bind every future Holder of the same Note and the holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be
done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Note. 
  

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

 -92- 

 SIGNATURES 
 Dated as of August 25, 2005 
  

			
	 INTCOMEX, INC.

		
	 By:
	 	 /s/ Isaac Shalom

		 	 Name: Isaac Shalom

		 	 Title: Secretary

	
	 INTCOMEX HOLDINGS, LLC

		
	 By:
	 	 /s/ Isaac Shalom

		 	 Name: Isaac Shalom

		 	 Title: Secretary, Intcomex, Inc., its sole member

	
	 INTCOMEX HOLDINGS SPC-1, LLC

		
	 By:
	 	 /s/ Isaac Shalom

		 	 Name: Isaac Shalom

		 	 Title: Secretary, Intcomex, Inc., its sole member

	
	 SOFTWARE BROKERS OF AMERICA, INC.

		
	 By:
	 	 /s/ Isaac Shalom

		 	 Name: Isaac Shalom

		 	 Title: Secretary

	
	 THE BANK OF NEW YORK, as Trustee

		
	 By:
	 	 /s/ Stacey B. Poindexter

		 	 Name: Stacey B. Poindexter

		 	 Title: Assistant Vice President

  

 1 

 EXHIBIT A 
 FORM OF NOTE 
 (Face of 11 3/4% Second Priority Senior Secured Note) 
 11 3/4% Second Priority Senior Secured Notes due 2011 
 [Global Note Legend] 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY,
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OR TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUIRED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY OR SUCH OTHER REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR’S NOMINEE. 
 [Restricted Notes Legend] 
 THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE
SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE
RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT OR (b) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR
RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (2) TO THE 

  

 A-1 

 
COMPANY OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE
UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE.

 [Regulation S Temporary Global Note legend] 
 THIS GLOBAL NOTE IS A TEMPORARY GLOBAL NOTE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY GLOBAL NOTE NOR ANY INTEREST HEREIN MAY BE
OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE INDENTURE REFERRED TO BELOW. 
 NO BENEFICIAL OWNERS OF THIS TEMPORARY GLOBAL NOTE SHALL BE
ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE INDENTURE. 
  

			
	 No.
	  	CUSIP NO.             

 Intcomex, Inc. 
 promises to pay to Cede & Co. or registered assigns, the principal sum of              Dollars
($            ) on January 15, 2011. 
 Interest Payment Dates:
January 15 and July 15, beginning January 15, 2006 
 Record Dates: January 1 and July 1 
 Reference is made to further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same
effect as set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the
reverse hereof by manual signature, this Note shall not be entitled to any benefits under the Indenture referred to on the reverse hereof or be valid or obligatory for any purpose. 
  

 A-2 

			
	 INTCOMEX, INC.

		
	 By:
	 	  
		 	 Name:

		 	 Title:

  
  

			
	 This is one of the 11 3/4% Second Priority Senior Secured Notes referred to in the within-mentioned Indenture:
  
 Dated:
                                

	
	 THE BANK OF NEW YORK, as Trustee

		
	 By:
	 	  
		 	 Name:

		 	 Title:

  

 A-3 

 (Back of 11 3/4% Second Priority Senior Secured Note) 
 11 3/4% Second Priority Senior Secured Notes due 2011 
 Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
 (1) Interest. Intcomex, Inc., a Delaware corporation (“Intcomex” or the “Company”), promises to pay interest on the principal amount of this 11 3/4% Second Priority Senior Secured Note
at a fixed rate. Intcomex will pay interest in United States dollars (except as otherwise provided herein) semiannually in arrears on January 15 and July 15, commencing on January 15, 2006 or, if any such day is not a Business Day, on
the next succeeding Business Day (each an “Interest Payment Date”). Interest on the 11 3/4% Second Priority Senior Secured Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid,
from August 25, 2005; provided that if there is no existing Default or Event of Default in the payment of interest, and if this 11 3/4% Second Priority Senior Secured Note is authenticated between a record date referred to on the
face hereof and the next succeeding Interest Payment Date (but after August 25, 2005), interest shall accrue from such next succeeding Interest Payment Date, except in the case of the original issuance of 11 3/4% Second Priority Senior
Secured Notes, in which case interest shall accrue from the date of authentication. Intcomex shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate equal to 1% per
annum in excess of the then applicable interest rate on the 11 3/4% Second Priority Senior Secured Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The interest rate on the Notes will in no
event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application. 
 (2) Method of Payment. Intcomex will pay interest on the 11 3/4% Second Priority Senior Secured Notes (except defaulted interest) on the applicable Interest Payment Date to the Persons who are registered Holders of 11 3/4%
Second Priority Senior Secured Notes at the close of business on the January 1 and July 1 preceding the Interest Payment Date, even if such 11 3/4% Second Priority Senior Secured Notes are cancelled after such record date and on or
before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The 11 3/4% Second Priority Senior Secured Notes shall be payable as to principal, premium and interest at the
office or agency of Intcomex maintained for such purpose within or without the City and State of New York, or, at the option of Intcomex, payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of
Holders; provided that payment by wire transfer of immediately available funds shall be required with respect to principal of, premium, if any, and interest on, all Global Notes and all other 11 3/4% Second Priority Senior Secured Notes
the Holders of which shall have provided written wire transfer instructions to Intcomex and the Paying Agent. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts. 
 Any payments of principal of this 11 3/4% Second Priority Senior Secured Note prior to Stated Maturity shall be binding
upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted hereon. The amount due and payable at the maturity of this Note shall be payable only
upon presentation and surrender of this Note at an office of the Trustee or the Trustee’s agent appointed for such purposes. 
  

 A-4 

 (3) Paying Agent and Registrar. Initially, The Bank of New York, the Trustee under the Indenture,
shall act as Paying Agent and Registrar. Intcomex may change any Paying Agent or Registrar without notice to any Holder. Intcomex or any of its Subsidiaries may act in any such capacity. 
 (4) Indenture. Intcomex issued the 11 3/4% Second Priority Senior Secured Notes under an Indenture, dated as of August 25, 2005 (the
“Indenture”), among Intcomex, Inc., the Guarantors and the Trustee. The terms of the 11 3/4% Second Priority Senior Secured Notes include those stated in the Indenture and those made a part of the Indenture by reference to the Trust
Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “TIA”). To the extent the provisions of this 11 3/4% Second Priority Senior Secured Note are inconsistent with the provisions of the Indenture, the
Indenture shall govern. The 11 3/4% Second Priority Senior Secured Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. The 11 3/4% Second Priority Senior Secured Notes
issued on the Issue Date are senior secured Obligations of Intcomex limited to $120,000,000 in aggregate principal amount, plus amounts, if any, sufficient to pay premium and interest on outstanding 11 3/4% Second Priority Senior Secured Notes
as set forth in Paragraph 2 hereof. The Indenture permits the issuance of Additional Notes subject to compliance with certain conditions. 
 The payment of principal and interest on the 11 3/4% Second Priority Senior Secured Notes is unconditionally guaranteed on a senior secured basis by the Guarantors. 
 (5) Optional Redemption. 
 (a) The
Notes shall not be redeemable at Intcomex’s option prior to January 15, 2007. Thereafter, the Notes shall be subject to redemption, at the option of the Company, in whole or in part, at any time on or after January 15, 2007, upon not
less than 30 nor more than 60 days’ notice at the Redemption Prices (expressed as percentages of the principal amount to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject
to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior to the redemption date), if redeemed during the twelve-month period beginning on January 15 of the
years indicated below: 
  

				
	 Year
	  	Redemption Price	 
	 2007
	  	106.000	%
	 2008
	  	105.875	%
	 2009
	  	102.500	%
	 2010 and thereafter
	  	100.000	%

 (b) At any time, or from time to time, on or prior to January 15, 2007, the Company may, at
its option, use the net cash proceeds of one or more Public Equity Offerings of Qualified Capital Interests to redeem up to 35% of the principal amount of the Notes issued under the Indenture at a Redemption Price of 111.75%, together with accrued
and unpaid interest thereon, if any, to the date of redemption; provided that: 
 (1) at least 65% of the principal
amount of Notes originally issued under the Indenture on the Issue Date remain outstanding immediately after any such redemption; and 
 (2) the Company makes such redemption not more than 90 days after the consummation of any such Public Equity Offering. 
  

 A-5 

 (c) As a mandatory sinking fund (the “Sinking Fund”), the Company shall redeem on
August 15 of each of the years 2007 to 2009, inclusive, $5,000,000 aggregate principal amount of Notes at a Redemption Price equal to 100% of the aggregate principal amount of the Notes to be redeemed, together with accrued and unpaid interest
to the redemption date. The Company may, at its option, credit against the aggregate principal amount of the Notes to be redeemed in connection with any Sinking Fund redemption (to the extent not previously credited) the aggregate principal amount
of Notes: 
 (i) previously or contemporaneously redeemed by it pursuant to clause (a) or (b) of this Paragraph 5
(or previously or contemporaneously called for redemption pursuant to such clauses so long as the Redemption Price therefor shall have been deposited in trust for that purpose in accordance with the Indenture); and 
 (ii) previously or contemporaneously acquired by it (and delivered to the Trustee for cancellation), whether by privately negotiated
transactions, by way of tender offers or otherwise, 
 in either case described in clauses (i) and (ii) above other than through mandatory Sinking
Fund redemptions. 
 (6) Mandatory Redemption. Except as set forth under Sections 3.7(c), 3.9, 4.10 and 4.13 of the Indenture, the
Company shall not be required to make mandatory redemption payments with respect to the 11 3/4% Second Priority
Senior Secured Notes. 
 (7) Repurchase at Option of Holder. 
 (a) Upon the occurrence of a Change of Control, each Holder will have the right to require Intcomex to repurchase all or any part (equal to $1,000 or an
integral multiple thereof) of such Holder’s 11 3/4% Second Priority Senior Secured Notes pursuant to the offer described below (the “Change of Control Offer”) at an offer price in cash equal to 101% of the aggregate principal
amount thereof plus accrued and unpaid interest thereon to the date of purchase. Within 30 days following any Change of Control, Intcomex will mail a notice to each Holder describing the transaction or transactions that constitute the Change of
Control setting forth the procedures governing the Change of Control Offer required by the Indenture. 
 (b) Upon the occurrence of certain
Asset Sales, the Company may be required to offer to purchase Notes. 
 (c) Holders of the 11 3/4% Second Priority Senior Secured Notes
that are the subject of an offer to purchase will receive notice of an Offer to Purchase pursuant to an Asset Sale or a Change of Control from Intcomex prior to any related purchase date and may elect to have such 11 3/4% Second Priority Senior
Secured Notes purchased by completing the form titled “Option of Holder to Elect Purchase” appearing below. 
 (8) Notice of
Redemption. Notice of redemption shall be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose 11 3/4% Second Priority Senior Secured Notes are to be redeemed at its registered address.
11 3/4% Second Priority Senior Secured Notes in denominations larger than $1,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the 11 3/4% Second Priority Senior Secured Notes held by a Holder are to be
redeemed. On and after the redemption date, interest ceases to accrue on the 11 3/4% Second Priority Senior Secured Notes or portions hereof called for redemption. 
  

 A-6 

 (9) Security. The Indenture provides that the 11 3/4% Second Priority Senior Secured Notes or
Note Guarantees must be secured by Liens on Collateral of Intcomex or the Guarantors. Liens securing the 11 3/4% Second Priority Senior Secured Notes or Note Guarantees may be released in various circumstances, including in certain
circumstances without the consent of Holders. 
 (10) Denominations, Transfer, Exchange. The 11 3/4% Second Priority Senior
Secured Notes are in registered form without coupons in initial denominations of $5,000 and integral multiples of $1,000. The transfer of the 11 3/4% Second Priority Senior Secured Notes may be registered and the 11 3/4% Second Priority
Senior Secured Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and Intcomex may require a Holder to pay any taxes
and fees required by law or permitted by the Indenture. Intcomex need not exchange or register the transfer of any 11 3/4% Second Priority Senior Secured Note or portion of an 11 3/4% Second Priority Senior Secured Note selected for
redemption, except for the unredeemed portion of any 11 3/4% Second Priority Senior Secured Note being redeemed in part. Also, it need not exchange or register the transfer of any 11 3/4% Second Priority Senior Secured Notes for a period
of 15 days before a selection of 11 3/4% Second Priority Senior Secured Notes to be redeemed or during the period between a record date and the corresponding Interest Payment Date. 
 (11) Persons Deemed Owners. The registered holder of an 11 3/4% Second Priority Senior Secured Note may be treated as its owner for all
purposes. 
 (12) Amendment, Supplement and Waiver. Subject to the following paragraphs, the Indenture and the 11 3/4% Second
Priority Senior Secured Notes may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding 11 3/4% Second Priority Senior Secured Notes (it being understood that the
provisions of the Intercreditor Agreement and the Security Documents that may by their terms be amended or supplemented without the consent of the Holders do not require the consent of the Holders contemplated hereby), including, without limitation,
consents obtained in connection with a purchase of or, tender offer or exchange offer for 11 3/4% Second Priority Senior Secured Notes, and any existing Default or Event of Default or compliance with any provision of the Indenture or the
11 3/4% Second Priority Senior Secured Notes may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding 11 3/4% Second Priority Senior Secured Notes (it being understood that the
provisions of the Intercreditor Agreement and the Security Documents that may by their terms be waived without the consent of the Holders do not require the consent of the Holders contemplated hereby), including consents obtained in connection with
a tender offer or exchange offer for 11 3/4% Second Priority Senior Secured Notes. 
 Without the consent of any Holders, Intcomex, the
Guarantors and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Indenture for any of the following purposes: 
 (1) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company
in the Indenture and in the Notes; 
 (2) to add to the covenants of the Company for the benefit of the Holders, or to
surrender any right or power herein conferred upon the Company; 
 (3) to add additional Events of Default; 
  

 A-7 

 (4) to provide for uncertificated Notes in addition to or in place of the certificated
Notes; 
 (5) to evidence and provide for the acceptance of appointment under the Indenture by a successor Trustee;

 (6) to provide for or confirm the issuance of Additional Notes in accordance with the terms of the Indenture; 

(7) to add to the Collateral securing the Notes, to add a Guarantor or to release a Guarantor in accordance with the Indenture;

 (8) to release Collateral from the Lien of this Indenture and the Security Documents where permitted hereby and by the
Security Documents; or 
 (9) to cure any ambiguity, to correct or supplement any provision in the Indenture which may be
defective or inconsistent with any other provision in the Indenture, or to make any other provisions with respect to matters or questions arising under the Indenture, provided that such actions pursuant to this clause shall not adversely
affect the interests of the Holders in any material respect, as determined in good faith by the Board of Directors of the Company. 
 With
the consent of the Holders of not less than a majority in aggregate principal amount of the outstanding Notes, Intcomex, the Guarantors, and the Trustee may enter into an indenture or indentures supplemental to the Indenture or an amendment to the
Security Documents for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of modifying in any manner the rights of the Holders under the Indenture, including the definitions
therein; provided, however, that no such supplemental indenture or amendment to a Security Document shall, without the consent of the Holder of each outstanding Note affected thereby: 
 (1) change the Stated Maturity of any Note or of any installment of interest on any Note, or reduce the amount payable in respect of the
principal thereof or the rate of interest or any premium payable thereon, or reduce the amount that would be due and payable on acceleration of the maturity thereof, or change the coin or currency in which any principal of the Note or the rate of
interest or any premium payable thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof, or change the date on which any Notes may be subject to redemption or reduce
the Redemption Price therefor, 
 (2) reduce the percentage in aggregate principal amount of the outstanding Notes, the
consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of the Indenture or certain defaults thereunder and their consequences)
provided for in the Indenture, 
 (3) modify the obligations of the Company to make Offers to Purchase upon a Change of
Control or from the Excess Proceeds of Asset Sales if such modification was done after the occurrence of such Change of Control or such Asset Sale, 
 (4) subordinate, in right of payment, the Notes to any other Debt of the Company, 
  

 A-8 

 (5) modify any of the provisions of this paragraph or provisions relating to waiver of
defaults or certain covenants, except to increase any such percentage required for such actions or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each outstanding Note
affected thereby, or 
 (6) release any Note Guarantees required to be maintained under the Indenture, except as provided in
clause (6) of Section 9.1 of the Indenture. 
 In addition, any amendment to, or waiver of, the provisions of the Indenture or any
Security Document that has the effect of releasing all or substantially all of the Collateral from the Liens securing the Notes will require the consent of the Holders of at least 66 2/3% in aggregate principal amount of the Notes then outstanding.

 The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may on behalf of the Holders of all the
Notes waive any past default under the Indenture and its consequences, except a default: 
 (1) in any payment in respect of
the principal of and interest and premium, if any, on any Notes (including any Note which is required to have been purchased pursuant to an Offer to Purchase which has been made by the Company), or 
 (2) in respect of a covenant or provision hereof which under the Indenture cannot be modified or amended without the consent of the Holder
of each outstanding Note affected. 
 (13) Defaults and Remedies. Events of Default include: 
 (1) default in the payment in respect of the principal of and premium, if any, on any Note at its maturity (whether at Stated Maturity,
excluding any Sinking Fund payment, or upon repurchase pursuant to an Offer to Purchase, acceleration, optional redemption or otherwise); 
 (2) default in the payment of any interest on any Note when it becomes due and payable, or the failure to make any Sinking Fund payment when it becomes due and payable, and continuance of such default for a period of
30 days; 
 (3) default in the making of an Offer to Purchase as required by the Indenture (other than a failure to purchase
the Notes when required, which will constitute an Event of Default under clause (1) above) and the continuance of such default for a period of 30 days after written notice thereof has been given to the Company by the Trustee or to the Company
and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes; 
 (4) failure to
perform or comply with Section 5.1 of the Indenture; 
 (5) except as permitted by the Indenture, any Note Guarantee is
held to be invalid or unenforceable in a judicial proceeding, or any Guarantor or the Company shall assert such invalidity or unenforceability; 
 (6) default in the performance, or breach, of any covenant or agreement of the Company or any Guarantor in the Indenture (other than a covenant or agreement a default in whose performance or whose breach is
specifically dealt with in clause (1), (2) (3), (4) or (5) above), and 

  

 A-9 

 
continuance of such default or breach for a period of 30 days after written notice thereof has been given to the Company by the Trustee or to the Company and
the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes; 
 (7) a default or
defaults under any bonds, debentures, notes or other evidences of Debt (other than the Notes) by the Company or any Restricted Subsidiary that is a Significant Subsidiary having, individually or in the aggregate, a principal or similar amount
outstanding of at least $10.0 million, whether such Debt now exists or shall hereafter be created, which default or defaults shall have resulted in the acceleration of the maturity of such Debt prior to its Stated Maturity or shall constitute a
failure to pay at least $10.0 million of such Debt when due and payable after the expiration of any applicable grace period with respect thereto; 
 (8) the entry against the Company or any Restricted Subsidiary that is a Significant Subsidiary of a final judgment or final judgments for the payment of money in an aggregate amount (net of amounts covered by
insurance) in excess of $10.0 million, by a court or courts of competent jurisdiction, which judgments remain undischarged, unwaived, unstayed, unbonded or unsatisfied for a period of 60 consecutive days; 
 (9) the Company, any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken as a
whole, would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law: 
 (a) commences a
voluntary case, 
 (b) consents to the entry of an order for relief against it in an involuntary case, 
 (c) consents to the appointment of a Custodian of it or for all or substantially all of its property, 
 (d) makes a general assignment for the benefit of its creditors, or 
 (e) generally is not paying its debts as they become due; 
 (10) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (a) is for relief against the Company or any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary, in an involuntary case; 
 (b) appoints a
Custodian of the Company or any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the
Company or any of its Restricted Subsidiaries; or 
 (c) orders the liquidation of the Company or any Restricted Subsidiary
that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, 

  

 A-10 

 
would constitute a Significant Subsidiary and the order or decree remains unstayed and in effect for 60 consecutive days; or 
 (11) unless all of the Collateral has been released from the Second Priority Liens in accordance with the provisions of the Security
Documents, default by the Company or any Significant Subsidiary in the performance of the Security Documents which adversely affects the enforceability, validity, perfection or priority of the Second Priority Liens on a material portion of the
Collateral granted to the Trustee for its benefit and the benefit of the Holders of the Notes, the repudiation or disaffirmation by the Company or any Significant Subsidiary of its material obligations under the Security Documents or the
determination in a judicial proceeding that the Security Documents are unenforceable or invalid against the Company or any Significant Subsidiary party thereto for any reason with respect to a material portion of the Collateral, in each case which
default, repudiation, disaffirmation or determination is not rescinded, stayed, or waived by the Persons having such authority pursuant to the Security Documents or otherwise cured within 60 days after the Company receives written notice thereof
specifying such occurrence from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes and demanding that such default be remedied. 
 If an Event of Default (other than an Event of Default specified in clause (9) or (1) of Section 6.1 of the Indenture with respect to the Company) occurs and is continuing, then and in every such case
the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the principal of the Notes and any accrued interest on the Notes to be due and payable immediately by a notice in writing to the
Company (and to the Trustee if given by Holders) specifying the event giving rise to the Event of Default and that it is a “notice of acceleration”; provided, however, that after such acceleration, but before a judgment or
decree based on acceleration, the Holders of a majority in aggregate principal amount of the outstanding Notes may, under certain circumstances, rescind and annul such acceleration if all Events of Default, other than the nonpayment of accelerated
principal of or interest on the Notes, have been cured or waived as provided in the Indenture. 
 If an Event of Default specified in clause
(9) or (10) of Section 6.1 of the Indenture occurs with respect to the Company, the principal of and any accrued interest on the Notes then outstanding shall ipso facto become immediately due and payable without any declaration or
other act on the part of the Trustee or any Holder. The Trustee may withhold from Holders notice of any Default (except Default in payment of principal of and interest and premium, if any) if the Trustee determines that withholding notice is in the
best interest of the Holders to do so. 
 (14) Trustee Dealings with Intcomex. The Trustee, in its individual or any other capacity,
may make loans to, accept deposits from, and perform services for Intcomex, the Guarantors or their respective Affiliates, and may otherwise deal with Intcomex, the Guarantors or their respective Affiliates, as if it were not the Trustee.

 (15) No Recourse Against Others. No director, officer, employee, stockholder or incorporator, past, present or future, of the
Company, as such or in such capacity, shall have any personal liability for any obligations of the Company under the Notes, any Note Guarantee or the Indenture by reason of his, her or its status as such director, officer, employee, stockholder or
incorporator. 
 (16) Authentication. This 11 3/4% Second Priority Senior Secured Note shall not be valid until authenticated by
the manual signature of the Trustee or an authenticating agent. 
  

 A-11 

 (17) Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee,
such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform
Gifts to Minors Act). 
 (18) CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Company have caused CUSIP numbers to be printed on the 11 3/4% Second Priority Senior Secured Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to the Holders. No representation
is made as to the accuracy of such numbers either as printed on the 11 3/4% Second Priority Senior Secured Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

 (19) Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes. Pursuant to, but subject to the
exceptions in, the Registration Rights Agreement, Intcomex and the Guarantors shall be obligated to consummate an exchange offer pursuant to which the Holder of this Note shall have the right to exchange this Note for an 11 3/4% Second Priority
Senior Secured Note of Intcomex which shall have been registered under the Securities Act, in like principal amount and having terms identical in all material respects to this Note (except that such Note shall not be entitled to Special Interest and
shall not contain terms with respect to transfer restrictions). The Holders may be entitled to receive certain Additional Interest in the event such exchange offer is not consummated or the Notes are not offered for resale and upon certain other
conditions, all pursuant to, subject to and in accordance with the terms of the Registration Rights Agreement. 
 Intcomex shall furnish to
any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 
 Intcomex, Inc.

 9835 NW 14th Street 
 Miami, FL 33172 
 Facsimile: (305) 477-5694 
 Attention: President 
  

 A-12 

 ASSIGNMENT FORM 
 To assign this 11 3/4% Second Priority Senior Secured Note, fill in the form below: (I) or (we) assign and transfer this 11 3/4% Second Priority Senior Secured Note to 
  

	
	  
	(Insert assignee’s soc. sec. or tax I.D. no.)
	
	  
	  
	  
	(Print or type assignee’s name, address and zip code)
	
	and irrevocably appoint
	  

 to transfer this 11 3/4% Second Priority Senior Secured Note on the books of Intcomex. The agent may
substitute another to act for him. 
  

									
	 Date:                 
	 		 	
					
		 		 		 	 Your Signature:
	 	  
		 		 		 		 	(Sign exactly as your name appears on the face of this 11 3/4% Second Priority Senior Secured Note)
		 	Signature guarantee:	 		 		 	

  

 A-13 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you want to elect to have this 11 3/4% Second Priority Senior Secured Note purchased by Intcomex pursuant to Section 4.10 or 4.13 of the
Indenture, check the box below: 
  ̈
Section 4.10              ̈ Section 4.13 
 If you want to elect to have only part of the 11 3/4% Second Priority Senior Secured Note purchased by Intcomex pursuant to Section 4.10 or
Section 4.13 of the Indenture, state the amount you elect to have purchased: $ 
  

									
	 Date:                 
	 		 	
					
		 		 		 	 Your Signature:
	 	  
		 		 		 		 	(Sign exactly as your name appears on the 11 3/4% Second Priority Senior Secured Note)
		 	Tax Identification No.:	 		 		 	
					
		 	Signature guarantee:	 		 		 	

  

 A-14 

 CERTIFICATE TO BE DELIVERED UPON 
 EXCHANGE OF TRANSFER RESTRICTED NOTES 
 Intcomex, Inc. 
 9835 NW 14th Street 
 Miami, FL 33172 
 Facsimile: (305) 477-5694 
 Attention: Michael Shalom 
 The Bank of New York 
 101 Barclay Street, Floor 8W 
 New York, New York 10286 
 Attention: Corporate Trust Administration 
  

	 	Re:	CUSIP #                      

 Reference is hereby made to that certain Indenture dated August 25, 2005 (the “Indenture”) among Intcomex, Inc. (“Intcomex”), the
Guarantors (as defined therein) and The Bank of New York, as trustee (the “Trustee”). Capitalized terms used but not defined herein shall have the meanings set forth in the Indenture. 
 This certificate relates to $             principal amount of Notes held in (check applicable space)
             book-entry or              definitive form by the undersigned. 
 The undersigned
                                 (transferor) (check one box below): 

 

	 ̈	hereby requests the Registrar to deliver in exchange for its beneficial interest in the Global Note held by the Depositary a Note or Notes in definitive, registered form of
authorized denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above), in accordance with Section 2.6 of the Indenture; 

  

	 ̈	hereby requests the Trustee to exchange a Note or Notes to
                     (transferee). 

 In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the periods referred to in Rule 144(k) under the Securities Act of 1933, as amended, the undersigned confirms that
such Notes are being transferred in accordance with its terms: 
 CHECK ONE BOX BELOW: 
  

	(1)     ̈	to Intcomex or any of its subsidiaries; or 

  

	(2)     ̈	pursuant to an effective registration statement under the Securities Act of 1933, as amended; or 

  

	(3)     ̈	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended) that purchases for its own
account or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A under the Securities Act of 1933, as amended, in each case pursuant to and in compliance with
Rule 144A thereunder; or 

  

	(4)     ̈	outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act of 1933, as amended, in compliance with Rule 904 thereunder.

  

 A-15 

 Unless one of the boxes is checked, the Registrar will refuse to register any of the Notes evidenced by this certificate
in the name of any person other than the registered holder thereof. 
  

	
	
	   
	Signature

  

			
		
	Signature Guarantee:	 	  
		 	(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program)

 TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED. 
 The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole
investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, as amended (“Rule 144A”), and is aware that the sale to it is
being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware
that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

									
		 		 	 [Name of Transferee]

				
	Dated:	 	  	 		 	  
		 		 		 	NOTICE: To be executed by an executive officer

  

 A-17 

 SCHEDULE OF EXCHANGES OF 11 3/4% SECOND PRIORITY SENIOR SECURED NOTES 
 The following exchanges of a part of this Global Note for other 11 3/4% Second Priority Senior Secured Notes have been made: 
  

									
	Date of Exchange	  	Amount of
Decrease in
Principal Amount
of this Global Note	  	 Amount of
 Increase in
Principal Amount
of this Global Note
	  	Principal Amount
of this Global Note
Following Such
Decrease (or
Increase)	  	Signature of
Authorized Officer
of Trustee or
11 3/4% Second
Priority Senior
Secured
Note
Custodian
		  		  		  		  	

  

 A-18 

 EXHIBIT B 
 [FORM OF CERTIFICATE TO BE DELIVERED 
 IN CONNECTION WITH TRANSFERS PURSUANT TO RULE 144A] 
 Intcomex, Inc. 
 9835 NW 14th Street 
 Miami, FL 33172 
 Facsimile: (305) 477-5694 
 Attention: President 
 The Bank of New York

 101 Barclay Street, Floor 8W 
 New York, New York 10286 
 Attention: Corporate Trust Administration 
  

	 	Re:	Intcomex, Inc. 11 3/4% Second Priority Senior Secured Notes due 2011 (the “Notes”) 

 Ladies and Gentlemen: 
 In
connection with our proposed sale of $             aggregate principal amount at maturity of the Notes, we hereby certify that such transfer is being effected pursuant to and in
accordance with Rule 144A (“Rule 144A”) under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we hereby further certify that the Notes are being transferred to a person that we
reasonably believe is purchasing the Notes for its own account, or for one or more accounts with respect to which such person exercises sole investment discretion, and such person and each such account is a “qualified institutional buyer”
within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Notes are being transferred in compliance with any applicable blue sky securities laws of any state of the United States. 
 You and Intcomex are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in
any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	Very truly yours,
	
	  
	[Name of Transferor]
		
	By:	 	  
		 	Authorized Signature

  

 B-1 

 EXHIBIT C 
 [FORM OF CERTIFICATE TO BE DELIVERED 
 IN CONNECTION WITH TRANSFERS 
 PURSUANT TO REGULATION S] 
 Intcomex, Inc. 
 9835 NW 14th Street 
 Miami, FL 33172 
 Facsimile: (305) 477-5694 
 Attention: President 
 The Bank of New York 
 101 Barclay Street, Floor 8W 
 New York, New York 10286 
 Attention: Corporate Trust Administration 
  

	 	Re:	Intcomex, Inc. 11 3/4% Second Priority Senior Secured Notes due 2011 (the “Notes”) 

 Ladies and Gentlemen: 
 In
connection with our proposed sale of $             aggregate principal amount of the Notes, we confirm that such sale has been effected pursuant to and in accordance with
Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent that: 
 (1) the offer of the Notes was not made to a person in the United States; 
 (2) either
(a) at the time the buy order was originated, the transferee was outside the United States or we and any person acting on our behalf reasonably believed that the transferee was outside the United States or (b) the transaction was executed
in, on or through the facilities of a designated off-shore securities market and neither we nor any person acting on our behalf knows that the transaction has been pre-arranged with a buyer in the United States; 
 (3) no directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(b) or
Rule 904(b) of Regulation S, as applicable; and 
 (4) the transaction is not part of a plan or scheme to evade the
registration requirements of the Securities Act. 
 In addition, if the sale is made during a restricted period and the provisions of
Rule 903(b) or Rule 904(b) of Regulation S are applicable thereto, we confirm that such sale has been made in accordance with the applicable provisions of Rule 903(b) or Rule 904(b), as the case may be. 
  

 C-1 

 Intcomex and you are entitled to rely upon this letter and are irrevocably authorized to produce this
letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the meanings set forth in Regulation S. 

 

			
	Very truly yours,
	
	  
	[Name of Transferor]
		
	By:	 	  
		 	Authorized Signature

  

 C-2 

 EXHIBIT D-1 
 FORM OF NON-U.S. BENEFICIAL OWNERSHIP CERTIFICATION BY EUROCLEAR OR 
 CLEARSTREAM LUXEMBOURG

 [Date] 
 The Bank of New York 
 101 Barclay Street, Floor 8W 
 New York, New York 10286 
 Attention: Corporate Trust Administration 
  

	 	Re:	Intcomex, Inc. 11 3/4% Second Priority Senior Secured Notes due 2011 

 Reference is hereby made to the Indenture, dated as of August 25, 2005 (as amended and supplemented from time to time, the “Indenture”), among Intcomex, Inc. (the “Company”), the
Guarantors party thereto and The Bank of New York, as Trustee. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 
 This is to certify with respect to $             principal amount of the Notes that, except as set forth below, we have received in writing, by tested
telex or by electronic transmission, from member organizations appearing in our records as persons being entitled to a portion of such principal amount (our “Member Organizations”) certifications with respect to such portion, substantially
to the effect set forth in the Indenture for the Notes. 
 We further certify: 
 (i) that we are not making available herewith for exchange (or, if relevant, exercise of any rights or collection of any interest) any portion of the
Regulation S Temporary Global Note excepted in such certifications; and 
 (ii) that as of the date hereof we have not received any
notification from any of our Member Organizations to the effect that the statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, exercise of any rights or collection of
any interest) are no longer true and cannot be relied upon as the date hereof. 
 We understand that this certification is required in
connection with certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorize
you or the Company to produce this certification to any interested party in such proceedings. 
 Dated:
                        , 20     
  

									
		 		 	 Yours faithfully,
 [Euroclear or Clearstream
Luxembourg]

					
	By:	 	  	 		 		 	
		 		 		 		 	

  

 D-1 

 EXHIBIT D-2 
 FORM OF NON-U.S. BENEFICIAL OWNERSHIP CERTIFICATION BY MEMBER ORGANIZATION 
 [Date]

 [Euroclear or Clearstream Luxembourg as applicable] 
  

	 	Re:	Intcomex, Inc. 11 3/4% Second Priority Senior Secured Notes due 2011 

 Reference is hereby made to the Indenture, dated as of August 25, 2005 (as amended and supplemented from time to time, the “Indenture”), among Intcomex, Inc. (the “Company”), the
Guarantors party thereto and The Bank of New York, as Trustee. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 
 This is to certify that as of the date hereof, and except as set forth below, the Notes held by you for our account are beneficially owned by (a) non-U.S. person(s) or (b) U.S. person(s) who purchased the
Notes in transactions that did not require registration under the Securities Act of 1933, as amended (the “Act”). As used in this paragraph the term “U.S. person” has the meaning given to it by Regulation S under the Act.

 We undertake to advise you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to
the Notes held by you for our account in accordance with your operating procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of
such date. 
 This certification excepts and does not relate to
$             of such interest in the above Notes in respect of which we are not able to certify and as to which we understand exchange and delivery of definitive Notes (or, if
relevant, exercise of any rights or collection of any interest) cannot be made until we do so certify. 
 We understand that this
certification is required in connection with certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be
relevant, we irrevocably authorize you, the Company or the Trustee or Registrar for the Notes to produce this certification to any interested party in such proceedings. 
 Date:                             , 20    .
(Not earlier than 15 days prior to the end of the period that is the 40 consecutive days beginning on and including the later of (a) the day on which any Notes represented thereby are offered to persons other than distributors (as defined in
Regulation S) pursuant to Regulation S and (b) the issue date for such Notes). 
  

			
		
	By:	 	  
		 	[Agent Member]

 As, or as agent for, the beneficial owner(s) of the Notes to which this certificate relates. 
  

 D-2 

 EXHIBIT E 
 FORM OF SECURITY AGREEMENT 
  

 E-1 

 EXHIBIT F 
 FORM OF INTERCREDITOR AGREEMENT 
  

 F-1

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