Document:

EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

INDENTURE 
 Dated as of
April 1, 2021 
 Among 

LIONS GATE CAPITAL HOLDINGS LLC, 

THE GUARANTORS NAMED HEREIN 
 and

 DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Trustee 
 5.500% SENIOR NOTES
DUE 2029 
  
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
		
	 ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE 
	  	 	1	 
			
	 Section 1.01
	 	Definitions	  	 	1	 
	 Section 1.02
	 	Other Definitions	  	 	40	 
	 Section 1.03
	 	Rules of Construction	  	 	43	 
	 Section 1.04
	 	Interpretation Matters	  	 	44	 
	 Section 1.05
	 	Acts of Holders	  	 	46	 
		
	 ARTICLE 2 THE NOTES 
	  	 	48	 
			
	 Section 2.01
	 	Form and Dating; Terms	  	 	48	 
	 Section 2.02
	 	Execution and Authentication	  	 	49	 
	 Section 2.03
	 	Registrar and Paying Agent	  	 	50	 
	 Section 2.04
	 	Paying Agent to Hold Money in Trust	  	 	50	 
	 Section 2.05
	 	Holder Lists	  	 	50	 
	 Section 2.06
	 	Transfer and Exchange	  	 	51	 
	 Section 2.07
	 	Replacement Notes	  	 	52	 
	 Section 2.08
	 	Outstanding Notes	  	 	52	 
	 Section 2.09
	 	Treasury Notes	  	 	53	 
	 Section 2.10
	 	Temporary Notes	  	 	53	 
	 Section 2.11
	 	Cancellation	  	 	53	 
	 Section 2.12
	 	Defaulted Interest	  	 	53	 
	 Section 2.13
	 	CUSIP Numbers and ISINs	  	 	54	 
		
	 ARTICLE 3 REDEMPTION 
	  	 	54	 
			
	 Section 3.01
	 	Notices to Trustee	  	 	54	 
	 Section 3.02
	 	Selection of Notes to Be Redeemed or Purchased	  	 	54	 
	 Section 3.03
	 	Notice of Redemption	  	 	55	 
	 Section 3.04
	 	Effect of Notice of Redemption	  	 	56	 
	 Section 3.05
	 	Deposit of Redemption or Purchase Price	  	 	56	 
	 Section 3.06
	 	Notes Redeemed or Purchased in Part	  	 	57	 
	 Section 3.07
	 	Optional Redemption	  	 	57	 
	 Section 3.08
	 	Offers to Repurchase by Application of Excess Proceeds	  	 	58	 
		
	 ARTICLE 4 COVENANTS 
	  	 	61	 
			
	 Section 4.01
	 	Payment of Notes; Additional Amounts	  	 	61	 
	 Section 4.02
	 	Maintenance of Office or Agency	  	 	62	 
	 Section 4.03
	 	Reports and Other Information	  	 	63	 
	 Section 4.04
	 	Compliance Certificate	  	 	64	 
	 Section 4.05
	 	[reserved]	  	 	64	 

  
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	 Section 4.06
	 	Stay, Extension and Usury Laws	  	 	64	 
	 Section 4.07
	 	Limitation on Restricted Payments	  	 	65	 
	 Section 4.08
	 	Limitation on Restrictions on Distribution from Restricted Subsidiaries	  	 	69	 
	 Section 4.09
	 	Limitation on Indebtedness	  	 	71	 
	 Section 4.10
	 	Sales of Assets	  	 	76	 
	 Section 4.11
	 	Limitation on Affiliate Transactions	  	 	79	 
	 Section 4.12
	 	Limitation on Liens	  	 	81	 
	 Section 4.13
	 	Corporate Existence	  	 	81	 
	 Section 4.14
	 	Offer to Repurchase Upon Change of Control	  	 	82	 
	 Section 4.15
	 	Future Guarantees	  	 	84	 
	 Section 4.16
	 	Effectiveness of Covenants	  	 	85	 
	 Section 4.17
	 	Limitation on Lines of Business	  	 	86	 
		
	 ARTICLE 5 SUCCESSORS 
	  	 	86	 
			
	 Section 5.01
	 	Merger, Amalgamation, Consolidation or Sale of All or Substantially All Assets	  	 	86	 
	 Section 5.02
	 	Successor Entity Substituted	  	 	88	 
		
	 ARTICLE 6 DEFAULTS AND REMEDIES 
	  	 	88	 
			
	 Section 6.01
	 	Events of Default	  	 	88	 
	 Section 6.02
	 	Acceleration	  	 	91	 
	 Section 6.03
	 	Other Remedies	  	 	91	 
	 Section 6.04
	 	Waiver of Past Defaults	  	 	92	 
	 Section 6.05
	 	Control by Majority	  	 	92	 
	 Section 6.06
	 	Limitation on Suits	  	 	92	 
	 Section 6.07
	 	Rights of Holders to Receive Payment	  	 	93	 
	 Section 6.08
	 	Collection Suit by Trustee	  	 	93	 
	 Section 6.09
	 	Restoration of Rights and Remedies	  	 	93	 
	 Section 6.10
	 	Rights and Remedies Cumulative	  	 	93	 
	 Section 6.11
	 	Delay or Omission Not Waiver	  	 	94	 
	 Section 6.12
	 	Trustee May File Proofs of Claim	  	 	94	 
	 Section 6.13
	 	Priorities	  	 	94	 
	 Section 6.14
	 	Undertaking for Costs	  	 	95	 
		
	 ARTICLE 7 TRUSTEE 
	  	 	95	 
			
	 Section 7.01
	 	Duties of Trustee	  	 	95	 
	 Section 7.02
	 	Rights of Trustee	  	 	96	 
	 Section 7.03
	 	Individual Rights of Trustee	  	 	97	 
	 Section 7.04
	 	Trustee’s Disclaimer	  	 	97	 
	 Section 7.05
	 	Notice of Defaults	  	 	98	 
	 Section 7.06
	 	[reserved]	  	 	98	 
	 Section 7.07
	 	Compensation and Indemnity	  	 	98	 
	 Section 7.08
	 	Replacement of Trustee	  	 	99	 
	 Section 7.09
	 	Successor Trustee by Merger, etc.	  	 	100	 

  
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	 Section 7.10
	 	Eligibility; Disqualification	  	 	100	 
	 Section 7.11
	 	[reserved]	  	 	100	 
	 Section 7.12
	 	Quebec Power of Attorney	  	 	100	 
		
	 ARTICLE 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
	  	 	100	 
			
	 Section 8.01
	 	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	100	 
	 Section 8.02
	 	Legal Defeasance and Discharge	  	 	100	 
	 Section 8.03
	 	Covenant Defeasance	  	 	101	 
	 Section 8.04
	 	Conditions to Legal or Covenant Defeasance	  	 	102	 
	 Section 8.05
	 	Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions	  	 	103	 
	 Section 8.06
	 	Repayment to the Issuer	  	 	104	 
	 Section 8.07
	 	Reinstatement	  	 	104	 
		
	 ARTICLE 9 AMENDMENT, SUPPLEMENT AND WAIVER 
	  	 	104	 
			
	 Section 9.01
	 	Without Consent of Holders	  	 	104	 
	 Section 9.02
	 	With Consent of Holders	  	 	106	 
	 Section 9.03
	 	[reserved]	  	 	107	 
	 Section 9.04
	 	Effect of Consents	  	 	107	 
	 Section 9.05
	 	Notation on or Exchange of Notes	  	 	107	 
	 Section 9.06
	 	Trustee to Sign Amendments, etc.	  	 	108	 
		
	 ARTICLE 10 GUARANTEES 
	  	 	108	 
			
	 Section 10.01
	 	Notes Guarantee	  	 	108	 
	 Section 10.02
	 	Limitation on Guarantor Liability	  	 	109	 
	 Section 10.03
	 	Execution and Delivery	  	 	111	 
	 Section 10.04
	 	Subrogation	  	 	111	 
	 Section 10.05
	 	Benefits Acknowledged	  	 	111	 
	 Section 10.06
	 	Release of Notes Guarantees	  	 	111	 
	 Section 10.07
	 	Indemnity and Subrogation.	  	 	112	 
	 Section 10.08
	 	Contribution and Subrogation.	  	 	112	 
	 Section 10.09
	 	Subordination.	  	 	113	 
		
	 ARTICLE 11 SATISFACTION AND DISCHARGE 
	  	 	113	 
			
	 Section 11.01
	 	Satisfaction and Discharge	  	 	113	 
	 Section 11.02
	 	Application of Trust Money	  	 	114	 
		
	 ARTICLE 12 MISCELLANEOUS 
	  	 	115	 
			
	 Section 12.01
	 	Trust Indenture Act	  	 	115	 
	 Section 12.02
	 	Notices	  	 	115	 
	 Section 12.03
	 	Communication by Holders with Other Holders	  	 	117	 
	 Section 12.04
	 	Certificate and Opinion as to Conditions Precedent	  	 	117	 
	 Section 12.05
	 	Statements Required in Certificate or Opinion	  	 	118	 

  
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	Section 12.06	 	Rules by Trustee and Agents	  	118
	Section 12.07	 	No Personal Liability of Directors, Officers, Employees and Stockholders	  	118
	Section 12.08	 	Governing Law	  	118
	Section 12.09	 	Waiver of Jury Trial	  	119
	Section 12.10	 	Force Majeure	  	119
	Section 12.11	 	No Adverse Interpretation of Other Agreements	  	119
	Section 12.12	 	Successors	  	119
	Section 12.13	 	Severability	  	119
	Section 12.14	 	Counterpart Originals	  	119
	Section 12.15	 	Table of Contents, Headings, etc.	  	120
	Section 12.16	 	U.S.A. PATRIOT Act	  	120
	Section 12.17	 	Consent to Jurisdiction; Appointment of Agent for Service of Process	  	120
	Section 12.18	 	Judgment Currency	  	120

  

			
	Appendix A	  	Provisions Relating to Initial Notes and Additional Notes
		
	Schedule 1	  	Initial Unrestricted Subsidiaries
		
	Exhibit A	  	Form of Note
		
	Exhibit B	  	Form of Transferee Letter of Representation
		
	Exhibit C	  	Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors

  
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 INDENTURE, dated as of April 1, 2021, among Lions Gate Capital Holdings LLC, a Delaware
limited liability company (the “Issuer”), the Guarantors named herein and Deutsche Bank Trust Company Americas, a New York banking corporation, as Trustee. 

W I T N E S S E T H 

WHEREAS, the Issuer has duly authorized the creation and issue of $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2029
(the “Initial Notes”); 
 WHEREAS, the Issuer has received good and valuable consideration for the execution and delivery
of this Indenture and the Notes; 
 WHEREAS, all necessary acts and things have been done to make: (1) the Notes, when duly issued and
executed by the Issuer and authenticated and delivered hereunder, the legal, valid and binding obligations of the Issuer; and (2) this Indenture a legal, valid and binding agreement of the Issuer in accordance with the terms of this Indenture;
and 
 NOW, THEREFORE, the Issuer and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of
the Holders of the Notes. 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“2021 Credit Agreement Transactions” means, collectively, certain changes LGEC intends to make to the terms of the Credit
Agreement to, among other things, (1) extend maturities of each of the facilities under the Credit Agreement, increase the size of the revolving credit facility under the Credit Agreement, and/or increase the size of the term loan B facility
and decrease the size of the term loan A facility under the Credit Agreement, and (2) immediately following the effectiveness of such changes, provide for the assignment of all obligations of LGEC as borrower to the Issuer, as the new borrower
thereunder (with LGEC becoming become a guarantor of all obligations under the Credit Agreement). 
 “Additional Assets”
means: 
 (1) any property, plant, equipment or other assets (excluding working capital or current assets for the avoidance
of doubt) to be used by LGEC or a Restricted Subsidiary in a Related Business; or 
 (2) an investment in any one or more
businesses or capital expenditures (which for purposes of this definition, shall include the acquisition of any item of Product) and any Permitted Investment, in each case used or useful to a Related Business. 

“Additional Notes” means additional Notes (other than the Initial Notes) issued from time to time under this Indenture in
accordance with Sections 2.01 and 4.09. 
  

  
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 “Adjusted EBITDA” means, with respect to any Person for any period, the
Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income, in each case as to such Person and its Restricted Subsidiaries on a consolidated basis:

 (1) Consolidated Taxes; plus 

(2) Consolidated Interest Expense; plus 

(3) Consolidated Adjusted Charges; plus 

(4) restructuring charges, reserves or expenses and one-time charges (which, for the
avoidance of doubt, shall include, without limitation, retention, severance, systems establishment costs, contract termination costs, integration costs and future lease commitments); plus 

(5) business optimization expenses; provided that any such business optimization expenses added back pursuant to
this clause (5), together with the Non-S-X Adjustment Amount for such period, shall not exceed 25% of Adjusted EBITDA for such period; plus 

(6) non-operating expenses (minus non-operating
income); plus 
 (7) charges, costs and expenses relating to any issuance or incurrence of Capital Stock, any
incurrence or repayment of Indebtedness or the consummation of any Investment, acquisition or disposition, in each case permitted by this Indenture and whether or not successful, including fees, charges and expenses relating to the Transactions;
plus 
 (8) start-up costs relating to the Comic Con business; plus

 (9) other start-up costs in an aggregate amount not to exceed $25,000,000 for the
relevant four-quarter reference period; plus 
 (10) the amount of loss or discount on sale of assets and any
commissions, yield and other fees and charges, in each case in connection with a Qualified Receivables Financing; 
 less, without
duplication, 
 (11) non-cash items increasing Consolidated Net Income for such
period (excluding the recognition of deferred revenue or any items which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period and any items for which cash was received in a prior period); 

provided that effects of purchase accounting adjustments (including the effects of such adjustments pushed down to such Person and such Subsidiaries
and including, without limitation, the effects of adjustments to (x) Finance Lease Obligations or (y) any other deferrals of income) in amounts required or permitted by GAAP, resulting from the application of purchase accounting or the
amortization or write-off of any amounts thereof shall be excluded from the calculation of Adjusted EBITDA. 

  
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 “Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as
agent for the lenders under the Senior Credit Facility, or any successor agent, and any other future agent or trustee in respect of any Senior Credit Facility. 

“Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control
with”) when used with respect to any Person means possession, directly or indirectly, of 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 correlative to the foregoing. 

“Affiliated Persons” means, with respect to any specified Person, (1) such specified Person’s parents, spouse,
siblings, descendants, step children, step grandchildren, nieces and nephews and their respective spouses, (2) the estate, legatees and devisees of such specified Person and each of the Persons referred to in clause (1), and (3) any
company, partnership, trust or other entity or investment vehicle controlled by any of the Persons referred to in clause (1) or (2) or the holdings of which are for the primary benefit of any of such Persons. 

“Agent” means any Registrar or Paying Agent. 

“Amendment No. 1” means that certain Amendment No. 1 to the Credit Agreement, dated as of
December 11, 2017 (together with any exhibits and schedules thereto), among LGEC, the guarantors referred to therein, the lenders referred to therein, and JPMorgan Chase Bank, N.A., as Administrative Agent. 

“Amendment No. 2” means that certain Amendment No. 2 to the Credit Agreement, dated as of
March 22, 2018 (together with any exhibits and schedules thereto), among LGEC, the guarantors referred to therein, the lenders referred to therein, and JPMorgan Chase Bank, N.A., as Administrative Agent. 

“Amendment No. 3” means that certain Amendment No. 3 to the Credit Agreement, dated as of
March 11, 2019 (together with any exhibits and schedules thereto), among LGEC, the Issuer, as borrower, the guarantors referred to therein, the lenders referred to therein, and JPMorgan Chase Bank, N.A., as Administrative Agent. 

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

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

(2) the excess, if any, of: 

  
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 (a) the sum of the present value at such redemption date of (i) the
redemption price of such Note at April 15, 2024 (such redemption price being set forth in Section 3.07(b)) plus (ii) all required remaining scheduled interest payments due on such Note through April 15, 2024 (excluding
accrued and unpaid interest), discounted to such redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate
as of such redemption date plus 50 basis points, over 
 (b) the principal amount of such Note on such redemption date. 

“Asset Sale” means any direct or indirect sale, lease, transfer, issuance or other disposition, or a series of related sales,
leases, transfers, issuances or dispositions that are part of a common plan, including any Sale/Leaseback Transaction, of (x) shares of Capital Stock of a Subsidiary (other than directors’ qualifying shares) or (y) other than in the
ordinary course of business, other property or other assets (each referred to for the purposes of this definition as a “disposition”) by LGEC or any of the Restricted Subsidiaries, including any disposition by means of a merger,
amalgamation, consolidation or similar transaction; provided that transfers of assets of the type specified in the definition of “Receivables Financing” (or a fractional undivided interest therein), including by a Receivables
Subsidiary in a Qualified Receivables Financing, shall not constitute Asset Sales. 
 Notwithstanding the preceding, the following items
shall not be deemed to be Asset Sales: 
 (1) a disposition of assets by a Restricted Subsidiary to LGEC or by LGEC or a
Restricted Subsidiary to a Restricted Subsidiary; provided that in the case of a sale by a Restricted Subsidiary to another Restricted Subsidiary, LGEC directly and/or indirectly owns an equal or greater percentage of the Common Stock of the
transferee than of the transferor; 
 (2) the sale of Cash Equivalents or tax credits; 

(3) a disposition of inventory, including without limitation, Product (not constituting the sale of a Product that in the
aggregate would be considered a “library”), in the ordinary course of business; 
 (4) a disposition of obsolete or
worn out equipment or equipment that is no longer useful in the conduct of the business of LGEC and the Restricted Subsidiaries and that is disposed of in each case in the ordinary course of business (including the abandonment of any intellectual
property or surrender or transfer for no consideration) or otherwise as may be required pursuant to the terms of any lease, sublease, license or sublicense; 

(5) the disposition of all or substantially all of the assets of LGEC in a manner permitted under Section 5.01 or any
disposition that constitutes a Change of Control; 
 (6) an issuance of Capital Stock by a Restricted Subsidiary to LGEC or
to a Wholly-Owned Subsidiary; 
 (7) any Permitted Investment and any Restricted Payment that is permitted to be made, and is
made, under Section 4.07; 

  
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 (8) dispositions of assets or issuance or sale of Capital Stock of a
Restricted Subsidiary in a single transaction or series of related transactions with an aggregate Fair Market Value of less than $20,000,000; 

(9) the creation of a Permitted Lien and dispositions in connection with Permitted Liens; 

(10) dispositions of receivables in connection with the compromise, settlement or collection thereof in the ordinary course of
business or in bankruptcy or insolvency or similar proceedings and exclusive of factoring or similar arrangements; 
 (11)
the issuance by a Restricted Subsidiary of Preferred Stock that is permitted under Section 4.09; 
 (12) the licensing
or sublicensing of intellectual property or other general intangibles and licenses, leases or subleases of other property in the ordinary course of business which do not materially interfere with the business of LGEC and the Restricted Subsidiaries;

 (13) foreclosure on assets; 

(14) any sale of Capital Stock in, Indebtedness or other securities of or Investments in, an Unrestricted Subsidiary; 

(15) any exchange of assets (including Capital Stock) (including a combination of assets and Cash Equivalents) for assets
(including Capital Stock) related to a Related Business of comparable or greater market value or usefulness to the business of LGEC and the Restricted Subsidiaries as a whole, as determined in good faith by the Issuer; 

(16) sales of Product outside of the ordinary course of business (including the sale of Product that in the aggregate would be
considered a “library”) if sold for not less than Fair Market Value and not in excess of $45,000,000 in the aggregate from the Assumption Date; 

(17) sales of all or a portion of an interest in a Foreign Subsidiary that is not a Guarantor; provided that the
consideration received is not less than Fair Market Value; 
 (18) (a) the sale or transfer of Product or intellectual
property Product to any ProdCo as part of any Permitted Slate Transaction or (b) any Permitted Slate Financing, including the sale or transfer of any interests in copyrights, distribution rights and/or financial proceeds as contemplated by the
definition thereof; and 
 (19) the creation of revenue participations of the type described in Section 4.09(c)(16).

 “Assumption Date” means December 8, 2016. 

“Average Life” means, as of the date of determination, with respect to any Indebtedness or Preferred Stock, the quotient
obtained by dividing (1) the sum of the products of the numbers of years from the date of determination to the dates of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such
Preferred Stock multiplied by the amount of such payment by (2) the sum of all such payments. 

  
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 “Bankruptcy Law” means (1) Title 11, U.S. Code, the Bankruptcy and
Insolvency Act (Canada), (2) the Companies’ Creditors Arrangement Act (Canada) or (3) other similar (a) U.S. federal or state law, (b) Canadian federal or provincial law, or (c) law of any other applicable
jurisdiction, in each case relating to bankruptcy, insolvency, winding up, liquidation, reorganization or relief of debtors or plans of arrangement. 

“Board of Directors” means, as to any Person, the board of directors or managers, as applicable, of such Person (or, if such
Person is a partnership, the board of directors or other governing body of the general partner of such Person) or any duly authorized committee thereof. 

“Business Day” means any day other than a Saturday, Sunday or other day on which banks are required or permitted to close in
the State of New York, the State of California, the Province of British Columbia or the Province of Ontario. 
 “Capital
Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock and limited
liability or partnership interests (whether general or limited), but excluding any Indebtedness convertible into such equity. 

“Cash Equivalents” means: 

(1) Dollars, Canadian dollars, pound sterling, euros, the national currency of any member state of the European Union or, in
the case of any Foreign Subsidiary, such other local currencies held by it from time to time in the ordinary course of business; 

(2) securities issued or directly and fully Guaranteed or insured by the United States, Canada, Switzerland, the United Kingdom
or any country that is a member of the European Union or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof), having maturities of not more than two years from the
date of acquisition; 
 (3) marketable general obligations issued by any State of the United States of America or any
political subdivision thereof or any Canadian province or any public instrumentality thereof maturing within two years from the date of acquisition and, at the time of acquisition, having a credit rating of “A” or better from either
S&P or Moody’s or carrying an equivalent rating by a nationally recognized Rating Agency, if both of the two named Rating Agencies cease publishing ratings of investments; 

(4) certificates of deposit, time deposits, eurodollar time deposits, overnight bank deposits or bankers’ acceptances
having maturities of not more than two years from the date of acquisition thereof issued by any commercial bank having a short term deposit rating at the time of acquisition thereof at least “A-2” or
the equivalent thereof by S&P, or “P-2” or the equivalent thereof by Moody’s, or carrying an equivalent rating by a nationally recognized Rating Agency, if both of the two named Rating
Agencies cease publishing ratings of investments; 

  
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 (5) repurchase obligations for underlying securities of the types described
in clauses (2), (3) and (4) entered into with any bank meeting the qualifications specified in clause (4) above; 

(6) commercial paper rated at the time of acquisition thereof at least “A-2”
or the equivalent thereof by S&P or “P-2” or the equivalent thereof by Moody’s, or carrying an equivalent rating by a nationally recognized Rating Agency, if both of the two named Rating
Agencies cease publishing ratings of investments and in any case maturing within one year after the date of acquisition thereof; 

(7) Indebtedness issued by Persons with a rating of “A” or higher from S&P or “A2” or higher from
Moody’s (or reasonably equivalent ratings of another internationally recognized ratings agency) in each case with maturities not exceeding two years from the date of acquisition; 

(8) interests in any investment company or money market fund which invests 95% or more of its assets in instruments of the type
specified in clauses (1) through (7) above; and 
 (9) instruments equivalent to those referred to in clauses
(1) through (8) above denominated in any foreign currency comparable in credit quality and tenor to those referred to above and commonly used by corporations for cash management purposes in any jurisdiction outside the United States to the
extent reasonably required in connection with any business conducted by any Subsidiary organized in such jurisdiction. 

“CCQ” means the Civil Code of Quebec as in effect in the province of Quebec from time to time. 

“Change of Control” means: 

(1) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other
than any Permitted Holder, becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that 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 total
voting power of the Voting Stock of LGEC (or its successor by merger, amalgamation, consolidation, plan of arrangement or purchase of all or substantially all of its assets) (for the purposes of this clause, such person or group shall be deemed to
beneficially own any Voting Stock of LGEC held by a parent entity, if such person or group “beneficially owns” (as defined above), directly or indirectly, more than 50% of the voting power of the Voting Stock of such parent entity); 

(2) the first day on which Continuing Directors cease to constitute a majority of the members of the Board of Directors of LGEC
or any Permitted Parent Holdco; 
 (3) sale, assignment, lease, transfer, conveyance or other disposition (other than by way
of merger, amalgamation, consolidation or plan of arrangement), in one or a series of related transactions, of all or substantially all of the assets of LGEC and the Restricted Subsidiaries taken as a whole, to any “person” (as such term
is used in Sections 13(d) and 14(d) of the Exchange Act) other than any Permitted Holder or a Restricted Subsidiary; or 

  
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 (4) LGEC (or its successor(s) by merger, amalgamation, consolidation, plan
of arrangement or purchase of all or substantially all of its assets) ceases to own, directly or indirectly, more than 50.0% of the Voting Stock of the Issuer. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Comic Con” means that certain subscription video on demand service (as such service may continue to organically evolve) or
other related service operated by LGEC, its Subsidiaries or its designees under the name “Comic Con HQ” or other derivation of the word “Comic Con.” 

“Common Stock” means with respect to any Person, any and all shares, interests or other participations in, and other
equivalents (however designated and whether voting or nonvoting) of such Person’s common stock whether or not outstanding on the Issue Date, and includes, without limitation, all series and classes of such common stock. 

“Complete” or “Completed” or “Completion” means with respect to any item of Product, that
(1) either (a) sufficient elements have been delivered by LGEC or applicable Restricted Subsidiary to, and accepted, deemed or determined to be accepted and/or exploited by, a Person (other than LGEC or applicable Restricted Subsidiary or
Affiliates thereof) to permit such Person to exhibit the item of Product in the theatrical or other medium for which the item of Product is intended for initial exploitation or (b) an independent laboratory has in its possession a complete
final 35 mm or 70 mm (or other size which has become standard in the industry) composite positive print, video master or other equivalent master copy of the item of Product as finally cut, main and end titled, edited, scored and assembled with sound
track printed thereon in perfect synchronization with the photographic action and fit and ready for exhibition and distribution in the theatrical or other medium for which the item of Product is intended for initial exploitation, and (2) if
such item of Product was acquired by LGEC or a Restricted Subsidiary from an unaffiliated third party, the entire acquisition price or minimum advance shall have been paid to the extent then due and there is no condition or event (including, without
limitation, the payment of money not yet due) the occurrence of which might result in LGEC or such Restricted Subsidiary losing any of its rights in such item of Product. 

“Completion Guaranty” means, with respect to any item of Product, a completion guaranty, in customary form consistent with
LGEC’s past practice or otherwise reasonable and customary for transactions of such nature, which (1) names the production financier to the extent such item of Product is financed in accordance with Section 4.09(a),
Section 4.09(b) or Section 4.09(c)(12) as a beneficiary thereof to the extent of LGEC’s or applicable Restricted Subsidiary’s financial interest in such item of Product and (2) guarantees that such item of Product will be
Completed in a timely manner, or else payment may be made to such production financier of an amount of up to the aggregate amount expended on the production of such item of Product by, or for the account of, LGEC or applicable Restricted Subsidiary
plus interest on, and other bank charges with respect to, such amount. 

  
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 “Consolidated Adjusted Charges” means, with respect to any Person for any
period, the sum, without duplication, of: 
 (1) depreciation; plus 

(2) amortization other than direct operating expenses, as calculated on the Assumption Date; plus 

(3) other non-cash expenses (including, without limitation, stock based compensation
expenses including for stock appreciation rights or write-off of deferred financing charges, and non-cash reductions of Consolidated Net Income attributable to
consideration paid to any Person in Capital Stock) of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person for such period on a consolidated basis and otherwise determined in accordance with GAAP, 

(but for each of clauses (1) through (3) excluding any such charge which consists of or requires an accrual of, or cash reserve for,
anticipated cash charges for any future period (other than accruals for stock appreciation rights)); plus 
 (4) print
and advertising expenses (irrespective of whether such Person has actually made a cash payment in respect thereof during such period) for which such Person has an off-setting right of payment and/or guarantee
(including, for the avoidance of doubt, any partial guarantee which such Person believes in good faith to be sufficient in size to cover any reasonably anticipated loses from these expenses) from a third-party producer (less the amortization of
participation charges that would have been expensed had the print and advertising expense not been expensed in the GAAP financial statements, such amortization to be calculated in accordance with accounting based on the film forecasting method);
plus 
 (5) any non-cash accelerated amortization of content or programming
costs and other intangibles. For the avoidance of doubt, the amortization of the allocation of the purchase price of a business to increase or decrease the carrying value of the assets and liabilities in accordance with GAAP is considered a non-cash expense. 
 “Consolidated Applicable Interest Charge” means, with respect to any
Person for any period, the sum, without duplication, of: 
 (1) consolidated interest expense of such Person and its
Restricted Subsidiaries for such period, to the extent such expense was deducted in computing Consolidated Net Income (including the interest component of Finance Lease Obligations, and net payments and receipts (if any) pursuant to interest rate
Hedging Obligations and excluding amortization of original issue discount and deferred financing fees and expensing of any bridge or other financing fees, but excluding commissions, discounts, yield and other fees and charges related to any
Qualified Receivables Financing); plus 
 (2) consolidated capitalized interest of such Person and its Restricted
Subsidiaries for such period, whether paid or accrued, other than capitalized interest included in the cost of any item of Product; minus 

  
 -9- 

 (3) interest income for such period (other than interest income attributable
to the discounting of accounts receivable); minus 
 (4) interest expense accrued as a result of the Financial
Accounting Standards Board Staff Position No. APB 14-1, to the extent such interest expense was included in clause (1) of this definition. 

“Consolidated Debt” shall mean, as of any date of determination, the sum of (without duplication) the principal amount of all
Indebtedness of the type set forth in clauses (1), (2), (3) (other than to the extent undrawn), (5), (6), (7) (to the extent related to any Indebtedness that would otherwise constitute Consolidated Debt) and (8) (to the extent related to any
Indebtedness that would otherwise constitute Consolidated Debt) of the definition of “Indebtedness” of LGEC and the Subsidiaries determined on a consolidated basis on such date; provided that the amount of any Indebtedness with
respect to which the applicable obligors have entered into currency hedging arrangements shall be calculated giving effect to such currency hedging arrangements; and provided, further, that neither (i) unfunded commitments for
Indebtedness nor (ii) Other Permitted Priority Indebtedness shall be included in the calculation of Consolidated Debt. 

“Consolidated Interest Expense” means, with respect to any Person for any period, the sum, without duplication, of: 

(1) consolidated interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such expense
was deducted in computing Consolidated Net Income (including the interest component of Finance Lease Obligations, and net payments and receipts (if any) pursuant to interest rate Hedging Obligations and including amortization of deferred financing
fees, debt issuance costs and expensing of any bridge or other financing fees); plus 
 (2) consolidated capitalized
interest of such Person and its Restricted Subsidiaries for such period, whether paid or accrued, other than capitalized interest included in the cost of any item of Product; minus 

(3) interest income for such period (other than interest income attributable to the discounting of accounts receivables). 

“Consolidated Net Income” means, for any period, the net income (loss) of LGEC and its consolidated Restricted Subsidiaries
determined on a consolidated basis in accordance with GAAP; provided, however, that there will not be included in such Consolidated Net Income: 

(1) any net income (loss) of any Person if such Person is not a Restricted Subsidiary or that is accounted for by the equity
method of accounting, except that, subject to the limitations contained in clauses (3) through (6) below, equity of LGEC or any Restricted Subsidiary in the net income of any such Person for such period will be included in such Consolidated Net
Income up to the aggregate amount of cash actually distributed by such Person during such period to LGEC or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted
Subsidiary, to the limitations contained in clause (2) below); 

  
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 (2) any net income (but not loss) of any Restricted Subsidiary (other than
(a) a Guarantor, (b) Pilgrim JV, (c) any other Restricted Subsidiary to the extent any such restriction relates to a Joint Venture, charter or other agreement or instrument entered into by LGEC or a Restricted Subsidiary with a
minority shareholder to the extent LGEC has a call option on such minority shareholder’s Capital Stock and (d) other than for purposes of any calculation under Section 4.07(a)(4)(C), any other Restricted Subsidiary of which at least
80.0% of the Capital Stock having voting control is owned or controlled, directly or indirectly by LGEC or any other Restricted Subsidiary) if such Subsidiary is subject to prior government approval or other restrictions due to the operation of its
charter or any agreement, instrument, judgment, decree, order statute, rule or government regulation (which have not been waived), directly or indirectly, on the payment of dividends or the making of distributions by such Restricted Subsidiary,
directly or indirectly, to LGEC, except that, subject to the limitations contained in clauses (3) through (6) below, LGEC’s equity in the net income of any such Restricted Subsidiary for such period will be included in such Consolidated
Net Income up to the aggregate amount of cash that could have been distributed by such Restricted Subsidiary during such period to LGEC or another Restricted Subsidiary as a dividend (subject, in the case of a dividend to another Restricted
Subsidiary, to the limitation contained in this clause); 
 (3) any gain or loss (less all fees and expenses relating
thereto) realized upon sales or other dispositions of any assets of LGEC or such Restricted Subsidiary, other than in the ordinary course of business, as determined in good faith by the Issuer; 

(4) any after-tax effect of income (loss) from the early extinguishment of Indebtedness
or Hedging Obligations or other derivative instruments; 
 (5) any extraordinary, nonrecurring or unusual gain or loss; and

 (6) the cumulative effect of a change in accounting principles; 

provided that notwithstanding any classification of any Person, business, assets or operations as discontinued operations because a definitive
agreement for the sale, transfer or other disposition in respect thereof has been entered into, the Issuer may elect to include for any purposes under this Indenture any such net after-tax income or loss or
any such net after-tax gains or losses attributable to such Person until such sale, transfer or other disposition has been consummated. 

“Consolidated Taxes” means provision for taxes based on income, profits or capital, including, without limitation, state,
franchise and similar taxes taken into account in calculating Consolidated Net Income. 
 “Continuing Directors” means, as
of any date of determination, any member of the Board of Directors of LGEC or Permitted Parent Holdco, as the case may be, who: (1) was a member of such Board of Directors on the Issue Date (or, in the case of a Permitted Parent Holdco, the
date such Permitted Parent Holdco acquired 100% of the Voting Stock of LGEC if the members of the Board of Directors of such Permitted Parent Holdco were approved for the purpose of this definition, on or prior to such date, by a majority of the
Continuing Directors of LGEC); or (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of the relevant Board of Directors at the time of such
nomination or election. 

  
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 “Corporate Trust Office of the Trustee” shall be at the address of the
Trustee specified in Section 12.02 or such other address as to which the Trustee may give notice to the Holders and the Issuer. 

“Credit Agreement” means that certain Credit and Guarantee Agreement dated as of December 8, 2016 among LGEC, as
borrower, the guarantors referred to therein, the lenders referred to therein, and JPMorgan Chase Bank, N.A., as Administrative Agent, as amended by Amendment No. 1, as further amended by Amendment No. 2, as further amended by Amendment
No. 3 and as may be further amended in connection with the 2021 Credit Agreement Transactions and as the same may be further amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time (including
increasing the amount loaned thereunder, provided that such additional Indebtedness is Incurred in accordance with Section 4.09). 

“Currency Agreement” means in respect of a Person any foreign exchange contract, currency swap agreement, futures contract,
option contract or other similar agreement as to which such Person is a party or a beneficiary. 
 “Custodian” means the
Trustee, as custodian with respect to the Notes in global form, or any successor entity thereto. 
 “Default” means any
event that is, or after notice or passage of time or both would be, an Event of Default. 
 “Definitive Note” means a
certificated Initial Note or Additional Note (bearing the Restricted Notes Legend if the transfer of such Note is restricted by applicable law) that does not include the Global Notes Legend. 

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in
Section 2.03 as the Depositary with respect to the Notes, and any and all successors thereto appointed as Depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

“Designated Non-cash Consideration” means the Fair Market Value of non-cash consideration received by LGEC or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an
Officers’ Certificate, setting forth such valuation, less the amount of Cash Equivalents received in connection with a subsequent sale of such Designated Non-cash Consideration. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person that by its terms (or by the terms
of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event: 
 (1)
matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise; 
 (2) is convertible into or
exchangeable for Indebtedness or Disqualified Stock (excluding Capital Stock which is convertible or exchangeable solely at the option of LGEC or a Restricted Subsidiary (it being understood that upon such conversion or exchange it shall be an
Incurrence of such Indebtedness or Disqualified Stock)); or 

  
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 (3) is redeemable at the option of the holder of the Capital Stock in whole
or in part, in each case on or prior to the date that is 91 days after the earlier of (a) the Stated Maturity of the Notes or (b) the date on which there are no Notes outstanding; provided, however, that only the portion of
Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date will be deemed to be Disqualified Stock; provided, further, that
any Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require LGEC or its Subsidiaries to repurchase such Capital Stock upon the occurrence of a change of control or asset sale (each defined
in a substantially identical manner to the corresponding definitions in this Indenture) shall not constitute Disqualified Stock if the terms of such Capital Stock (and all such securities into which it is convertible or for which it is ratable or
exchangeable) provide that LGEC or its Subsidiaries, as applicable, may not repurchase or redeem any such Capital Stock (and all such securities into which it is convertible or for which it is ratable or exchangeable) pursuant to such provision
prior to compliance by the Issuer under Section 4.10 and Section 4.14 and such repurchase or redemption complies with Section 4.07. 

“Distribution Agreements” means (1) any and all agreements entered into by LGEC or any other Guarantor pursuant to which
such Person has sold, leased, licensed or assigned distribution rights or other exploitation rights to any item of Product to a Person that is not an Affiliate of LGEC or any other Guarantor and (2) any and all agreements hereafter entered into
by LGEC or any other Guarantor pursuant to which such Person sells, leases, licenses or assigns distribution rights or other exploitation rights to any item of Product to a Person that is not an Affiliate of LGEC or any other Guarantor. 

“Dollars” and “$” shall mean dollars in lawful currency of the United States of America. 

“DTC” means The Depository Trust Company. 

“Equity Offering” means an offering for cash by LGEC or any direct or indirect parent entity of its Common Stock, or options,
warrants or rights with respect to its Common Stock, other than (1) offerings with respect to such Common Stock, or options, warrants or rights, registered on Form S-4 or
S-8 and (2) an issuance to any Subsidiary. 
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder. 
 “Excluded
Contributions” means Net Cash Proceeds received by LGEC from: 
 (1) contributions to its common equity capital; or

 (2) the sale (other than to a Subsidiary of LGEC or to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement of LGEC or any Subsidiary) of Capital Stock (other than Disqualified Stock) of LGEC; 
 in each case
designated as Excluded Contributions pursuant to an Officers’ Certificate executed by the principal financial officer of LGEC on the date such capital contributions are made or the date such equity interests are sold, as the case may be. 

  
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 “Fair Market Value” means, with respect to any asset or liability, the fair
market value of such asset or liability as determined by the Issuer in good faith. 
 “FinanceCo” means LG FinanceCo Corp.,
a corporation formed under the laws of the Province of British Columbia, Canada. 
 “Finance Lease Obligations” means an
obligation that is required to be classified and accounted for as a finance lease for financial reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation will be the capitalized amount of such
obligation at the time any determination thereof is to be made as determined in accordance with GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date such
lease may be terminated without penalty; provided that obligations of LGEC or the Restricted Subsidiaries, or of a special purpose or other entity not consolidated with LGEC and the Restricted Subsidiaries, either existing on the Assumption
Date or created thereafter that (x) initially were not included on the consolidated balance sheet of LGEC as finance leases and were subsequently characterized as finance leases or, in the case of such a special purpose or other entity becoming
consolidated with LGEC and the Restricted Subsidiaries were required to be characterized as finance leases upon such consideration, in either case, due to a change in accounting treatment or otherwise, or (y) did not exist on the Assumption
Date and were required to be characterized as finance leases but would not have been required to be treated as finance leases on the Assumption Date had they existed at that time, shall for all purposes not be treated as Finance Lease Obligations or
Indebtedness. 
 “Fitch” means Fitch Group, Inc., a jointly-owned subsidiary of Hearst Corporation and Fimalac, S.A., and
any successor to its rating agency business. 
 “Foreign Subsidiary” means any Restricted Subsidiary that is not organized
under the laws of the United States of America or any state thereof or the District of Columbia and any Subsidiary of such Restricted Subsidiary. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of
the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a
significant segment of the accounting profession, which are in effect on the Issue Date. All ratios and computations based on GAAP will be computed in conformity with GAAP, except that in the event LGEC is acquired in a transaction that is accounted
for using purchase accounting, the effects of the application of purchase accounting shall be disregarded in the calculation of such ratios and other computations contained in this Indenture. 

“Government Securities” means securities that are: 

(1) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged; or

  
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 (2) obligations of a Person controlled or supervised by and acting as an
agency or instrumentality of the United States of America the timely payment of which is unconditionally Guaranteed as a full faith and credit obligation of the United States of America, which, in either case, are not callable or redeemable at the
option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government Securities or a specific payment of principal of
or interest on any such Government Securities held by such custodian for the account of the holder of such depositary receipt; 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 depositary receipt from any amount received by the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such depositary receipt.

 “Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any
Indebtedness of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person: 
 (1) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreement to keep well, to purchase assets, goods, securities or
services, to take-or-pay, or to maintain financial statement conditions or otherwise); or 

(2) entered into for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to
protect such obligee against loss in respect thereof (in whole or in part); provided, however, that the term “Guarantee” will not include endorsements for collection or deposit or for indemnification in the ordinary course of
business. The term “Guarantee” used as a verb has a corresponding meaning. 
 “Guarantor” means each of
(1) LGEC and (2) each Restricted Subsidiary in existence on the Issue Date that provides a Notes Guarantee on the Issue Date (and any other Restricted Subsidiary that provides a Notes Guarantee in accordance with this Indenture after the
Issue Date); provided that upon release or discharge of such Restricted Subsidiary from its Notes Guarantee in accordance with this Indenture, such Restricted Subsidiary shall cease to be a Guarantor. 

“Headquarters JV” means either (1) LGJW Colorado Partners, LLC or (2) any other entity which is directly or
indirectly owned in whole or in part by LGEC and which is formed for the sole purpose of constructing, maintaining and owning an office building to be used as a headquarters of LGEC and/or Subsidiaries thereof. 

“Hedging Obligations” of any Person means the obligations of such Person pursuant to any Interest Rate Agreement or Currency
Agreement. 
 “Holder” means a Person in whose name a Note is registered on the Registrar’s books. 

“Incur” means issue, create, assume, Guarantee, incur or otherwise become liable for; provided, however, that
any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) will be deemed to be Incurred by such Restricted Subsidiary at
the time it becomes a Restricted Subsidiary; and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing. 

  
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 “Indebtedness” means, with respect to any Person on any date of
determination (without duplication): 
 (1) the principal of and premium (if any) in respect of indebtedness of such Person
for borrowed money; 
 (2) the principal of and premium (if any) in respect of obligations of such Person evidenced by bonds,
debentures, notes or other similar instruments; 
 (3) the principal component of all obligations of such Person in respect
of letters of credit, bankers’ acceptances or other similar instruments (including reimbursement obligations with respect thereto except to the extent such reimbursement obligation relates to a trade payable and such obligation is satisfied
within 90 days of Incurrence); 
 (4) the principal component of all obligations of such Person to pay the deferred and
unpaid purchase price of property, which purchase price is due more than six months after the date of placing such property in service or taking delivery and title thereto, except (a) any such balance that constitutes a trade payable or similar
obligation to a trade creditor, in each case accrued in the ordinary course of business and (b) any earn-out obligation until the amount of such obligation becomes a liability on the balance sheet of such
Person in accordance with GAAP; 
 (5) Finance Lease Obligations of such Person (whether or not such items would appear on
the balance sheet of the guarantor or obligor); 
 (6) the principal component or liquidation preference of all obligations
of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock or, with respect to any Subsidiary of LGEC that is not a Guarantor, any Preferred Stock; 

(7) the principal component of all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not
such Indebtedness is assumed by such Person; provided, however, that the amount of such Indebtedness will be the lesser of (a) the Fair Market Value of such asset at such date of determination and (b) the amount of such
Indebtedness of such other Persons; 
 (8) the principal component of Indebtedness of other Persons to the extent Guaranteed
by such Person (whether or not such items would appear on the balance sheet of the guarantor or obligor); and 
 (9) to the
extent not otherwise included in this definition, net obligations of such Person under Hedging Obligations (the amount of any such obligations to be equal at any time to the termination value of such agreement or arrangement giving rise to such
Hedging Obligation that would be payable by such Person at such time). 
 Notwithstanding anything in this Indenture to the contrary, (x) Indebtedness
shall not include, and shall be calculated without giving effect to, the effects of Financial Accounting Standards Board Accounting Standards Codification 825 and related interpretations to the extent such

  
 -16- 

 
effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Indenture as a result of accounting for any embedded derivatives created by the terms of such
Indebtedness and any such amounts that would have constituted Indebtedness under this Indenture but for the application of this sentence shall not be deemed an incurrence of Indebtedness under this Indenture, and (y) Indebtedness shall not
include obligations under or in respect of any Qualified Receivables Financing. 
 “Indenture” means this Indenture, as
amended or supplemented from time to time. 
 “Initial Notes” has the meaning set forth in the recitals hereto. 

“Initial Unrestricted Subsidiaries” means each Subsidiary of LGEC as of the Issue Date set forth in Schedule 1 of this
Indenture as an “Initial Unrestricted Subsidiary.” 
 “Interest Payment Date” means April 15 and
October 15 of each year to the Stated Maturity of the Notes. 
 “Interest Rate Agreement” means, with respect to any
Person, any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar
agreement or arrangement as to which such Person is party or a beneficiary. 
 “Investment” means, with respect to any
Person, all investments by such Person in other Persons (including Affiliates) in the form of any direct or indirect advance, loan (other than advances or extensions of credit to customers in the ordinary course of business) or other extensions of
credit (including by way of Guarantee or similar arrangement, but excluding any debt or extension of credit represented by a bank deposit other than a time deposit or indemnity provision) or capital contribution to (by means of any transfer of cash
or other property to others or any payment for property or services for the account or use of others), or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by, such other Person and all other items that
are or would be classified as investments on a balance sheet prepared in accordance with GAAP; provided that none of the following will be deemed to be an Investment: 

(1) Hedging Obligations entered into in compliance with this Indenture; 

(2) endorsements of negotiable instruments and documents in the ordinary course of business; 

(3) an acquisition of assets, Capital Stock or other securities by LGEC or a Subsidiary for consideration to the extent such
consideration consists of Common Stock of LGEC; 
 (4) accounts receivable, trade credit and advances to customers in the
ordinary course of business; 
 (5) commission, travel and similar advances to officers, employees and consultants made in
the ordinary course of business; and 

  
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 (6) any assets or securities received in satisfaction or partial
satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss and any prepayments and other credits to suppliers made in the ordinary course of business. 

For purposes of Section 4.07, 

(1) “Investment” will include the portion (proportionate to LGEC’s equity interest in a Restricted
Subsidiary to be designated as an Unrestricted Subsidiary) of the Fair Market Value of the net assets of such Restricted Subsidiary at the time that such Restricted Subsidiary is designated an Unrestricted Subsidiary; provided,
however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, LGEC will be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to
(a) LGEC’s aggregate “Investment” in such Subsidiary as of the time of such redesignation less (b) the portion (proportionate to LGEC’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of
such Subsidiary at the time that such Subsidiary is so re-designated a Restricted Subsidiary; 

(2) any property transferred to or from an Unrestricted Subsidiary will be valued at its Fair Market Value at the time of such
transfer; and 
 (3) if LGEC or any Restricted Subsidiary sells or otherwise disposes of any Voting Stock of any Restricted
Subsidiary such that, after giving effect to any such sale or disposition, such entity is no longer a Subsidiary of LGEC, LGEC shall be deemed to have made an Investment on the date of any such sale or disposition equal to the Fair Market Value of
the Capital Stock of such Subsidiary not sold or disposed of. 
 “Investment Grade Rating” means a rating equal to or
higher than Baa3 (or the equivalent) by Moody’s, BBB- (or the equivalent) by S&P, BBB- (or the equivalent) by Fitch, or an equivalent rating by any Rating
Agency. 
 “Issue Date” means April 1, 2021. 

“Issuer” means Lions Gate Capital Holdings LLC, a Delaware limited liability company, and any successor thereof, and not any
of its subsidiaries. 
 “Joint Venture” means a joint venture or similar venture with one or more unrelated parties
(whether structured as a corporation, partnership, limited liability company or other entity) in which LGEC or any of its Restricted Subsidiaries own Capital Stock and which is formed and operated to conduct a Related Business. 

“LGCH 5.875% 2024 Notes” means the Issuer’s outstanding $510,995,000 principal amount of 5.875% Senior Notes due 2024,
originally issued pursuant to the indenture, dated as of March 28, 2018, among the Issuer, the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee. 

“LGCH 6.375% 2024 Notes” means the Issuer’s outstanding $545,615,000 principal amount of 6.375% Senior Notes due 2024,
originally issued pursuant to the indenture, dated as of February 4, 2019, among the Issuer, the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee. 

  
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 “LGEC 2024 Notes” means LGEC’s outstanding $7,700,000 principal amount
of 5.875% Senior Notes due 2024, originally issued pursuant to the indenture, dated as of October 27, 2016, among FinanceCo and Deutsche Bank Trust Company Americas, as trustee (as amended or supplemented by the First Supplemental Indenture,
dated as of December 8, 2016, by and among LGEC (as successor issuer), FinanceCo, the guarantors party thereto and the trustee and the Second Supplemental Indenture, dated as of December 19, 2016, by and among Starz Entity Holding Company,
LLC and the trustee). 
 “LGEC” means Lions Gate Entertainment Corp., a corporation organized under the laws of the
Province of British Columbia, Canada, and any successor thereof, and not any of its subsidiaries. 
 “LGF” means Lions Gate
Films Inc. and its successors. 
 “LGT” means Lions Gate Television Inc. and its successors. 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security
interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the
nature thereof, any other agreement to give a security interest in and any filing of or agreement to give any financing statement under the applicable PPSA, the CCQ, or UCC (or equivalent statutes) of any jurisdiction; provided that in no
event shall an operating lease be deemed to constitute a Lien. 
 “Luxembourg” means the Grand Duchy of Luxembourg. 

“Material Indebtedness” means Indebtedness of the types described in clauses (1), (2), (5) and (8) (only with respect to
Guarantees of Indebtedness of the types described in clauses (1), (2) and (5) of the definition of “Indebtedness”) of the definition of “Indebtedness” of the Issuer or any Guarantors in an aggregate principal amount equal to
or greater than $75,000,000, other than Other Permitted Priority Indebtedness. 
 “Moody’s” means Moody’s
Investors Service, Inc. and any successor to its rating agency business. 
 “MQP” means MQP, LLC and its successors. 

“Negative Pick-up Obligation” means a commitment to pay a certain sum of money or
other Investment made by LGEC or Restricted Subsidiary in order to obtain ownership, distribution rights or sales agency rights in any item of Product, including, for the avoidance of doubt, any item of Product produced by LGEC or any Restricted
Subsidiary. Negative Pick-up Obligation includes both “traditional” negative pickup arrangements and indirect structures. 

“Net Available Cash” from an Asset Sale means cash payments actually received (including any cash payments received by way of
deferred payment of principal pursuant to a note or installment receivable, but only as and when actually received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations
relating to the properties or assets that are the subject of such Asset Sale or received in any other non-cash form) therefrom, in each case net of: 

  
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 (1) all legal, accounting, investment banking, title and recording taxes,
fees, expenses, commissions and other fees and expenses Incurred, and all Federal, state, provincial, foreign and local taxes required to be paid or accrued as a liability under GAAP or otherwise payable (in the good faith determination of the
Issuer) in connection with such Asset Sale (including any repatriation of the proceeds of such Asset Sale); 
 (2) all
payments made on any Indebtedness that is secured by any assets subject to such Asset Sale, in accordance with the terms of such Indebtedness, or which must by its terms, or in order to obtain a necessary consent to such Asset Sale, or by applicable
law be repaid out of the proceeds from such Asset Sale; 
 (3) all distributions and other payments required to be made to
minority interest holders in Subsidiaries or Joint Ventures as a result of such Asset Sale; 
 (4) the deduction of
appropriate amounts to be provided by the seller as a reserve, in accordance with GAAP, against any liabilities associated with the assets disposed of in such Asset Sale and retained by LGEC or any Restricted Subsidiary after such Asset Sale; and

 (5) in the case of any Asset Sale by a Subsidiary which is not a Wholly-Owned Subsidiary, a portion of the cash payments
received by such Subsidiary equal to the portion of the economic interests in such Subsidiary which are not directly or indirectly owned by LGEC. 

“Net Cash Proceeds,” with respect to any issuance or sale of Capital Stock or any Incurrence of Indebtedness, means the cash
proceeds of such issuance or sale or such Incurrence net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees, expenses
and charges actually Incurred in connection with such issuance or sale or such Incurrence and net of taxes paid or payable (in the good faith determination of the Issuer) in connection with such issuance or sale or such Incurrence (including any
repatriation of the proceeds of such sale or Incurrence). 
 “Net Secured Leverage Ratio” shall mean, as of any date of
determination, the ratio of: 
 (1) (a) the total principal amount of Secured Funded Indebtedness that would appear on a
balance sheet of LGEC and the Restricted Subsidiaries as of such determination date, minus (b) Unrestricted Cash as of such determination date in an amount not to exceed $300,000,000, to 

(2) Adjusted EBITDA of LGEC, calculated on a Pro Forma Basis, for the most recent Test Period. 

“Net Total Leverage Ratio” shall mean, as of any date of determination, the ratio of: 

  
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 (1) (a) the total principal amount of Consolidated Debt that would appear on
a balance sheet of LGEC and the Restricted Subsidiaries as of such determination date, minus (b) Unrestricted Cash as of such determination date in an amount not to exceed $300,000,000, to 

(2) Adjusted EBITDA of LGEC, calculated on a Pro Forma Basis for the most recent Test Period. 

“Non-Guarantor Subsidiary” means any Restricted Subsidiary that is not a Guarantor.

 “Notes” means, collectively, the Initial Notes and more particularly means any Note authenticated and delivered under
this Indenture, including any Additional Notes and any Notes issued and authenticated upon transfer, replacement or exchange of Notes. 

“Notes Guarantee” means, individually, any Guarantee of the Issuer’s Obligations under this Indenture by any Guarantor
pursuant to the terms of this Indenture and any supplemental indenture thereto and, collectively, the Notes Guarantees. 

“Obligations” means, with respect to any Indebtedness, all obligations (whether in existence on the Issue Date or arising
afterwards, absolute or contingent, direct or indirect) for or in respect of principal (when due, upon acceleration, upon redemption, upon mandatory repayment or repurchase pursuant to a mandatory offer to purchase, or otherwise), premium, interest,
penalties, fees, indemnification, reimbursement and other amounts payable and liabilities with respect to such Indebtedness, including all interest accrued or accruing after the commencement of any bankruptcy, insolvency or reorganization or similar
case or proceeding at the contract rate (including, without limitation, any contract rate applicable upon default) specified in the relevant documentation, whether or not the claim for such interest is allowed as a claim in such case or proceeding.

 “Offer to Purchase” means an Asset Sale Offer or a Change of Control Offer. 

“Offering Memorandum” means the Offering Memorandum dated March 23, 2021 relating to the offering of the Notes. 

“Officer” means, as to the Issuer, the Manager, the Chairman of the Board, the Chief Executive Officer, the President, the
Chief Financial Officer, Chief Strategic Officer, any President, any Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of the Issuer. “Officer” of any Guarantor has a correlative meaning and,
in the case of any Luxembourg Guarantor, means any director manager or authorized signatory. 
 “Officers’
Certificate” means a certificate signed by two Officers or by an Officer and either an Assistant Treasurer or an Assistant Secretary of the Issuer or LGEC.  

“Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an
employee of or counsel to LGEC. 
 “Other Permitted Priority Indebtedness” means Indebtedness which is (a) permitted
to be Incurred after the Issue Date by Section 4.09(c)(12), Section 4.09(c)(13), Section 4.09(c)(14), Section 4.09(c)(17) or Section 4.09(c)(18) or (b) incurred prior to the Issue Date but of any type described in the
foregoing clause (a). 

  
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 “Pari Passu Indebtedness” means Indebtedness that ranks equally in right of
payment to the Notes (without giving effect to collateral arrangements). 
 “Permitted Holder” means, at any time, each of:
(1) (a) Mark H. Rachesky, M.D., (b) John C. Malone and (c) any Affiliate of such Persons, or any Affiliated Persons of such Persons; (2) any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act,
or any successor provision) of which any Person described in clause (1) hereof is a member; provided that Persons described in clause (1) hereof beneficially own a majority of the Voting Stock of LGEC beneficially owned by all
members of such group; and (3) any Person (including LGEC upon a sale of all or substantially all of its assets to a Subsidiary thereof in a transaction permitted under Section 5.01) (x) that acquires (or otherwise holds), directly or
indirectly, 100% of the voting power of the Voting Stock of LGEC and, immediately after giving effect to such acquisition and any related transactions, has no material assets other than Capital Stock of LGEC and (y) of which no other Person or
group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) other than any of the Permitted Holders specified in clauses (1) and (2) above, holds more than 50% of the total voting
power of the Voting Stock thereof (any Person described in clause (3) hereof, a “Permitted Parent Holdco”). 

“Permitted Investment” means: 

(1) an Investment by LGEC or any Restricted Subsidiary in LGEC or a Restricted Subsidiary; 

(2) an Investment by LGEC or any Restricted Subsidiary in a Person that is engaged in a Related Business if as a result of such
Investment: 
 (A) such Person becomes a Restricted Subsidiary; or 

(B) such Person, in one transaction or a series of related transactions, is merged, amalgamated or consolidated with or into,
or transfers or conveys all or substantially all of its assets to, or is liquidated into LGEC or a Restricted Subsidiary, 
 and, in each
case, any Investment held by such Person; provided, that such Investment was not acquired by such Person in contemplation of such acquisition, merger, amalgamation, consolidation or transfer; 

(3) cash and Cash Equivalents; 

(4) receivables owing to LGEC or any Restricted Subsidiary created or acquired in the ordinary course of business and payable
or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as LGEC or any such Restricted Subsidiary deems reasonable under the circumstances; 

  
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 (5) payroll, travel, services (e.g., shared services arrangements) to the
extent permitted by Section 4.11(b)(7) and similar advances to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(6) loans or advances to employees, officers or directors of LGEC or any Restricted Subsidiary not in excess of $10,000,000;

 (7) any Investment acquired by LGEC or any of its Restricted Subsidiaries: 

(A) in exchange for any other Investment or accounts receivable held by LGEC or any such Restricted Subsidiary in connection
with or as a result of a bankruptcy, insolvency, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable; or 

(B) as a result of a foreclosure (or similar remedy) by LGEC or any of its Restricted Subsidiaries with respect to any secured
Investment or other transfer of title with respect to any secured Investment in default; 
 (8) Investments made as a result
of the receipt of non-cash consideration from an Asset Sale that was made pursuant to and in compliance with Section 4.10 or any other disposition of assets not constituting an Asset Sale; 

(9) Investments in existence on the Issue Date (including, for the avoidance of doubt, Investments of Starz and Starz’
Subsidiaries) and all exchanges, extensions, refinancings and renewals thereof; 
 (10) Currency Agreements, Interest Rate
Agreements and related Hedging Obligations, which transactions or obligations are Incurred in compliance with Section 4.09; 

(11) Guarantees and other Investments issued in accordance with Section 4.09 relating to Negative Pick-up Obligations, Program Acquisition Guarantees, minimum guarantees to acquire items of Product or interests therein or similar activities, in each case in the ordinary course of business; 

(12) Investments made in connection with the funding of contributions under any
non-qualified retirement plan or similar employee compensation plan in an amount not to exceed the amount of compensation expense recognized by LGEC and its Restricted Subsidiaries in connection with such
plans; 
 (13) Investments made pursuant to investment commitments existing on the Issue Date in (a) Playco Holdings
Limited and (b) other Joint Ventures in existence on the Issue Date; 
 (14) with respect to the purchase price and/or
construction costs expended by the Issuer and the Guarantors for LGEC’s headquarters or any other real property of the Issuer and the Guarantors, the portion of such purchase prices in excess of any mortgage related to such purchase price; 

  
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 (15) Investments in the Headquarters JV, at any time outstanding, not to
exceed $40,000,000 (exclusive of any permitted guarantee); 
 (16) Investments in Joint Ventures and Unrestricted
Subsidiaries, in an amount, at any time outstanding, not to exceed the greater of (a) $315,000,000 and (b) 3.0% of Total Assets when made; 

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

(18) nominal Investments in Special Purpose Producers; 

(19) Investments in and Guarantees of obligations of LGEC, any Restricted Subsidiary, or any of their respective direct or
indirect Subsidiaries or Joint Ventures (which Subsidiaries or Joint Ventures may engage in business unrelated to such Investment to the extent otherwise permissible under this Indenture) in connection with
co-productions, co-ventures or co-financing arrangements related to the production, distribution and/or acquisition of Product or
an interest therein, in each case in the ordinary course of business consistent with past practice; 
 (20) Investments in an
aggregate amount at any time outstanding not to exceed the greater of (a) $345,000,000 and (b) 3.0% of Total Assets when made; provided that at the time of and after giving effect to such Investment, no Default or Event of Default shall have
occurred and be continuing or would occur as a consequence thereof; 
 (21) (a) any Investment in a Receivables Subsidiary or
any Investment by a Receivables Subsidiary in any other Person in connection with a Qualified Receivables Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such Qualified Receivables
Financing or any related Indebtedness, and (b) any Investment in an entity which is not a Restricted Subsidiary to which LGEC or a Restricted Subsidiary sells Receivables Financing Assets pursuant to a Receivables Financing; 

(22) any acquisition or production of Product in the ordinary course of business, to the extent such action would be considered
an Investment; 
 (23) Letters of credit as to which LGEC or a Restricted Subsidiary is the beneficiary and which are issued
for the account of third party investors in Product of LGEC or a Restricted Subsidiary; 
 (24) Investments consisting of the
contribution or transfer of the (A) Comic Con business or (B) Spanish-language OTT to an Unrestricted Subsidiary or Joint Venture (or the transfer of Capital Stock in a Subsidiary that owns the Comic Con business or Spanish-language OTT,
as the case may be, such that such Subsidiary becomes a Joint Venture); provided that at the time of and after giving effect to such Investment, (x) no Default shall have occurred and be continuing or would occur as a consequence thereof
and (y) LGEC’s Net Secured Leverage Ratio shall be not greater than 5.25 to 1.00 on a Pro Forma Basis; 

  
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 (25) Investments in any ProdCo in accordance with the definition of
“Permitted Slate Transaction”; 
 (26) Guarantees made in accordance with Section 4.09 and Section 4.15;
and 
 (27) the Transactions. 

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

(1) Liens securing Indebtedness and other obligations Incurred pursuant to Section 4.09(c)(1)(A) or
Section 4.09(c)(1)(B) (and Hedging Obligations and banking services or cash management obligations secured therewith), including any Guarantees thereof; 

(2) pledges or deposits by such Person under workers’ compensation laws, unemployment insurance laws or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
of cash or United States government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import or customs duties or for the payment of rent, in each case Incurred in the ordinary
course of business; 
 (3) Liens imposed by law, including carriers’, warehousemen’s, mechanics’,
materialmen’s and repairmen’s Liens; 
 (4) Liens for taxes, assessments or other governmental charges not yet
subject to penalties for non-payment or that are being contested in good faith by appropriate proceedings; provided that any appropriate reserves required pursuant to GAAP have been made in respect
thereof; 
 (5) Liens in favor of issuers of surety or performance bonds or letters of credit or bankers’ acceptances or
similar obligations issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 

(6) encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights of way, sewers,
electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions or agreements (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use
of real properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties that do not in the aggregate materially impair their use in the operation of the business of such Person; 

(7) Liens securing Hedging Obligations so long as the related Indebtedness is permitted under this Indenture; 

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

  
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 (9) Liens arising out of attachments, judgments (to the extent not resulting
in an Event of Default) or awards as to which an appeal or other appropriate proceedings for contest or review are timely commenced (and as to which foreclosure and other enforcement proceedings shall not have been commenced (unless fully bonded or
otherwise effectively stayed)) and as to which any appropriate reserves have been established in accordance with GAAP; 

(10) Liens for the purpose of securing the payment of all or a part of the purchase price of, or Finance Lease Obligations,
mortgage financings, purchase money obligations or other payments Incurred to finance assets or property (other than Capital Stock or other Investments) acquired, constructed or improved; provided that: 

(a) the aggregate principal amount of Indebtedness secured by such Liens is otherwise permitted to be Incurred under this
Indenture and does not exceed the cost of the assets or property so acquired, constructed or improved; and 
 (b) such Liens
are created within 180 days of construction, acquisition or improvement of such assets or property and do not encumber any other assets or property of LGEC or any Restricted Subsidiary other than such assets or property and assets affixed or
appurtenant thereto; 
 (11) Liens arising solely by virtue of any statutory or common law provisions relating to
banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution; 

(12) Liens arising from any applicable UCC, CCQ or PPSA financing statement filings or other similar filings regarding
operating leases entered into by LGEC and the Restricted Subsidiaries; 
 (13) Liens existing on the Issue Date (other than
Liens permitted under clause (1) of this definition) (including, for the avoidance of doubt, Liens on assets of Starz and its Subsidiaries); 

(14) Liens on property or shares of stock of a Person at the time such Person becomes a Restricted Subsidiary; provided,
however, that such Liens are not created in connection with, or in contemplation of, such other Person becoming a Restricted Subsidiary; provided, further, however, that any such Lien may not extend to any other property
owned by LGEC or any Restricted Subsidiary; 
 (15) Liens on property at the time LGEC or a Restricted Subsidiary acquired
the property, including any acquisition by means of a merger, amalgamation or consolidation with or into, or plan of arrangement with, LGEC or any Restricted Subsidiary; provided, however, that such Liens are not created in connection
with, or in contemplation of, such acquisition; provided, further, however, that such Liens may not extend to any other property owned by LGEC or any Restricted Subsidiary; 

  
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 (16) (a) Liens on assets of the type specified in the definition of
“Receivables Financing” Incurred in connection with a Qualified Receivables Financing, and (b) Liens securing obligations under or in respect of any Qualified Receivables Financing; 

(17) [reserved]; 

(18) Liens securing Refinancing Indebtedness Incurred to refinance, refund, replace, amend, extend or modify, as a whole or in
part, Indebtedness that was previously so secured pursuant to clauses (10), (13), (14), (15), (18), (25) and (38) of this definition; provided that any such Lien is limited to all or part of the same property or assets (plus improvements,
accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is the
security for a Permitted Lien hereunder; 
 (19) any interest or title of a lessor under any Finance Lease Obligation or
operating lease; 
 (20) [reserved]; 

(21) Liens to secure payment and performance obligations of the Issuer and Guarantors in connection with a revenue
participation purchase agreement or similar arrangement for third-party investments in Product produced, acquired or distributed by the Issuer and such Guarantors in the ordinary course of business consistent with past practice; 

(22) Liens under industrial revenue, municipal or similar bonds; 

(23) Liens to secure Negative Pick-up Obligations, Program Acquisition Guarantees and
other direct or indirect guarantees (including minimum guarantees) related to the acquisition, production or distribution of items of Product in the ordinary course of business to the extent such Lien is limited solely to such item of Product
related to such Negative Pick-up Obligation, Program Acquisition Guarantee or other guarantee; 

(24) Liens to secure Other Permitted Priority Indebtedness to the extent such Lien is limited solely to the item or items of
Product or related Production Accounts relating to such Other Permitted Priority Indebtedness; 
 (25) Liens securing
Indebtedness in an aggregate principal amount outstanding at any one time not to exceed at the time of Incurrence thereof, together with all other outstanding (x) Indebtedness secured by Liens pursuant to this clause (25) and (y)
Refinancing Indebtedness secured by Liens incurred under clause (18) above in respect of Indebtedness previously secured by Liens under this clause (25), the greater of (a) $125,000,000 and (b) 1.25% of Total Assets; 

(26) Liens on assets of a Subsidiary that is not a Guarantor securing Indebtedness of a Subsidiary that is not a Guarantor
permitted to be Incurred pursuant to Section 4.09; 

  
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 (27) Liens in favor of guilds or unions (whether pursuant to written
security agreements, any producer’s or distributor’s assumption agreements, or otherwise), in each case which are required in the ordinary course of business pursuant to collective bargaining agreements; 

(28) Liens to secure distribution, exhibition and/or exploitation rights of licensees pursuant to Distribution Agreements or of
licensors from whom any of LGEC or the Restricted Subsidiaries has (directly or indirectly) obtained any distribution rights or other exploitation rights to any item of Product (or of Persons providing financing to obtain such rights) or Liens to
secure production advances on an item of Product; provided that such Liens are limited to such distribution, exhibition and/or exploitation rights and the applicable revenue therefrom; 

(29) Liens customarily granted or incurred in the ordinary course of business with regard to services rendered by laboratories
and post-production houses, record warehouses and suppliers of materials and equipment which secure outstanding trade payables; 

(30) possessory Liens (other than those of laboratories and production houses) which (a) occur in the ordinary course of
business, (b) secure normal trade debt which is not yet due and payable and (c) do not secure Indebtedness; 
 (31)
customary Liens in favor of completion guarantors granted in connection with Completion Guaranties; 
 (32) Liens granted by
LGEC or any Restricted Subsidiary that is a Special Purpose Producer to secure outside production financing otherwise permitted under this Indenture; 

(33) Liens granted in connection with any Permitted Slate Financing in accordance with the definition thereof; 

(34) Liens to secure Replication Advances permitted by Section 4.09(c)(14); 

(35) (a) Liens on tax credits to secure Indebtedness which is otherwise non-recourse to
LGEC or any Restricted Subsidiary, other than customary representations and warranties, and (b) Liens on LGEC’s or any Restricted Subsidiary’s rights and interests in any tax credit and any refund or similar receipt attributable to
such tax credit to the extent such tax credit is owned by an Unrestricted Subsidiary or Special Purpose Producer and such Lien secures the obligation of LGEC or such Restricted Subsidiary, in its capacity as agent for such Unrestricted Subsidiary or
Special Purpose Producer, to remit such refund or similar receipt attributable to such tax credit to such Unrestricted Subsidiary or Special Purpose Producer, as applicable; 

(36) Liens granted by either MQP, any Services Company that is LGEC or any Restricted Subsidiary, LGF or LGT to secure
MQP’s obligations to SGF pursuant to the SGF Co-Financing Arrangement; 

  
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 (37) Liens in connection with reversion or turnaround rights with respect to
a project in development; 
 (38) Liens granted by one or more of LGEC and its Restricted Subsidiaries to secure Secured
Funded Indebtedness permitted to be Incurred pursuant to Section 4.09(a), or any refinancing of such Indebtedness permitted pursuant to Section 4.09(c)(11); 

(39) [reserved]; 

(40) rights or other interests granted under the Co-Publishing Agreement, dated
April 5, 2013 and effective as of January 1, 2012, among Lions Gate Music Publishing LLC and Lions Gate Records, Inc. and Warner/Chappell and its affiliated entities (as the same may be amended, restated, supplemented, or otherwise
modified from time to time); and 
 (41) Liens granted by LGEC or any Restricted Subsidiary on Capital Stock or other equity
interests of any Unrestricted Subsidiary to secure Indebtedness whose incurrence is not prohibited hereunder. 
 “Permitted Slate
Financing” means a financing arrangement in which two or more of the Issuer and/or Guarantor’s (as applicable) audio visual works (including motion pictures) are partially financed through an arrangement with a third party
(“Permitted Financier”) who may be granted an interest in or share of the copyright, distribution rights, and/or certain financial proceeds from the subject audio visual works (collectively, “Permitted Financier
Rights”) in connection with such financing arrangement; provided that (i) the only recourse of the Permitted Financier in connection with such arrangement against the Issuer or such Guarantor shall be limited to the Permitted
Financier Rights, interests in related Production Accounts (if any), and customary representations and warranties given by the Issuer and/or Guarantor in connection with such arrangement and (ii) any such interest granted to the Permitted
Financier in the Permitted Financier Rights and the other terms of such arrangement shall be reasonable and on an arm’s length basis and consistent with customary practice for transactions of such nature (as determined in good faith by the
Issuer). 
 “Permitted Slate Transaction” shall mean a transaction which the Issuer and/or the Guarantors may at their
option consummate and which satisfies all of the following criteria: (1) the borrower or the issuer in such transaction (each, a “ProdCo”) will be a new corporation, limited liability company or limited partnership formed
solely for the purpose of a Permitted Slate Transaction; (2) each ProdCo will not engage in any business other than producing, acquiring or funding the print and advertising expenses of items of Product to be distributed by the Issuer or one or
more Guarantors; (3) the Issuer or any Guarantor and the other third party investors or financiers in such transaction will acquire (a) shares, membership interests, limited partnership interests, or other Capital Stock, in the applicable
ProdCo and/or (b) revenue participations in the items of Product to be produced by such ProdCo; (4) such ProdCo will not be a Guarantor; (5) each ProdCo will acquire from the Issuer or the Guarantors ownership of items of Product;
(6) each ProdCo will grant to the Issuer or any Guarantor distribution and exploitation rights in those items of Product acquired by such ProdCo; (7) nothing in the documentation and/or structure for a Permitted Slate Transaction shall
permit ProdCo to distribute the contractually mandated revenue generated thereby except on a pro rata or a basis 

  
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which is greater than pro rata in favor of the Issuer or a Guarantor, other than a customary production fee or interest return on the amount invested (provided, however, that if this condition is
not satisfied, such transaction will qualify as a Permitted Slate Transaction, but the Investment in such transaction will be included in and subject to the Slate Cap); and (8) ProdCo may not incur Indebtedness other than Subordinated
Obligations (provided, however, that if this condition is not satisfied, such transaction will qualify as a Permitted Slate Transaction, but the Investment in such transaction will be included in and subject to the Slate Cap). 

“Person” shall mean any natural person, corporation, division of a corporation, limited liability company, partnership,
trust, joint venture, association, company, estate, unincorporated organization or government or any agency or political subdivision thereof. 

“Pilgrim JV” means Pilgrim Media Group, LLC. 

“PPSA” shall mean the Personal Property Security Act, B.C. 1996 chapter 359 as heretofore and hereafter amended and in
effect in the Province of British Columbia, or, where the context requires, the legislation of the other provinces or territories of Canada (other than Quebec) relating to security in personal property generally, including accounts receivable, as
adopted by and in effect from time to time in such provinces or territories of Canada, as applicable. 
 “Preferred Stock,”
as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) that is preferred as to the payment of dividends upon liquidation, dissolution or winding up. 

“Pro Forma Basis” shall mean, as to any Person, for any events as described that occur subsequent to the commencement of a
period, such calculation as will give pro forma effect to such events as if such events occurred on the first day of such period (the “Reference Period”): 

(1) the Transactions, any Asset Sale, any asset acquisition or Investment (or series of related Investments) permitted under
this Indenture, in each case, in excess of $25,000,000, any merger, amalgamation, consolidation (or any similar transaction or transactions) and any dividend, distribution or other similar payment; 

(2) any operational changes or restructurings of the business of LGEC or any of its Restricted Subsidiaries that LGEC or any of
its Restricted Subsidiaries has determined to make and/or made during or subsequent to the Reference Period (including in connection with an Asset Sale or asset acquisition described in clause (1) above) and which are expected to have a
continuing impact and are factually supportable, which would include cost savings resulting from head count reduction, closure of facilities and other operational changes and other cost savings in connection therewith; 

(3) the designation of any Subsidiary as an Unrestricted Subsidiary or of any Unrestricted Subsidiary as a Subsidiary; 

(4) any incurrence, repayment, repurchase or redemption of Indebtedness (or any issuance, repurchase or redemption of
Disqualified Stock or preferred stock), other than fluctuations in revolving borrowings in the ordinary course of business (and not resulting from a transaction as described in clause (1) above); and 

  
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 (5) any other event, in each case that by the terms of this Indenture
requires a test, financial ratio or covenant to be calculated on a “Pro Forma Basis.” 
 Pro forma calculations made pursuant to
this definition shall be determined in good faith by the Issuer, and shall be made without duplication of amounts already included pursuant to the definition of “Adjusted EBITDA.” Any such pro forma calculation may include adjustments
appropriate, in the reasonable good faith determination of the Issuer to reflect operating expense reductions, other operating improvements, synergies or such operational changes or restructurings described in clause (2) of the immediately
preceding paragraph reasonably expected to result from the applicable pro forma event in the 24 month period following the consummation of such pro forma event; provided that the aggregate amount of such adjustments described in clause (2) of
the immediately preceding paragraph that do not (X) comply with Article 11 of Regulation S-X for any Reference Period or (Y) relate to or arise from the Transactions (the “Non-S-X Adjustment Amount”) shall not, when aggregated with the amount of any increase to Adjusted EBITDA pursuant to clause (5) thereof for such Reference
Period, exceed 25% of Adjusted EBITDA for such Reference Period. 
 If any Indebtedness bears a floating rate of interest and is being given
pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date on which the relevant calculation is being made had been the applicable rate for the entire period (taking into account any hedging
obligations applicable to such Indebtedness if such hedging obligation has a remaining term in excess of 12 months). Interest on a Finance Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by the Issuer to be the
rate of interest implicit in such Finance Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be
computed based upon the average daily balance of such Indebtedness during the applicable period, except to the extent the outstanding borrowings thereunder are reasonably expected to increase as a result of any transactions described in clause
(1) of the first paragraph of this definition of “Pro Forma Basis” which occurred during the respective period or thereafter and on or prior to the date of determination. Interest on Indebtedness that 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 rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such applicable optional rate as
the Issuer may designate. 
 In the event that any financial ratio is being calculated for purposes of determining whether Indebtedness or
any Lien relating thereto may be incurred, the Issuer may elect, pursuant to an Officers’ Certificate thereof delivered to the Trustee, to treat all or any portion of the commitment relating thereto as being incurred at the time of such
commitment (such election to be consistently applied for all purposes under this Indenture), in which case Indebtedness in an amount equal to such commitment shall be deemed to be outstanding for all financial calculations until such commitment is
terminated, but any subsequent incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to be an incurrence at such subsequent time. 

“Product” means any motion picture, live event, film, music or video tape or other audio-visual work or episode thereof
produced for theatrical, non-theatrical or television release or for exploitation in any other medium (including, without limitation; interactive media, multi-channel and digital platforms, stage plays, museum
tours, theme parks or other location-based 

  
 -31- 

 
entertainment), in each case whether recorded on film, videotape, cassette, cartridge, disc or on or by any other means, method, process or device whether now known or hereafter devised, with
respect to which LGEC or any of its Restricted Subsidiaries (1) is the copyright owner or (2) acquires an equity interest or distribution or sales agency rights. The term “item of Product” shall include, without limitation, the
scenario, screenplay or script upon which such item of Product is based, all of the properties thereof, tangible and intangible, and whether now in existence or hereafter to be made or produced, whether or not in possession of LGEC and the
Restricted Subsidiaries, and all rights therein and thereto, of every kind and character. 
 “Production Account” means any
demand deposit account established by the Issuer or any Guarantor at a commercial bank for the sole purpose of paying the production costs of a particular item of Product (or, in connection with any Permitted Slate Financing, the audio visual works
(including motion pictures) to which such Permitted Slate Financing relates) in the ordinary course of business. 
 “Program
Acquisition Guarantees” means any commitment of LGEC or any Restricted Subsidiary to a producer or owner (including, for the avoidance of doubt, any Restricted Subsidiary, Unrestricted Subsidiary or third party) of Product in conjunction
with the acquisition of Product, distribution rights or sales agency rights in Product by LGEC or such Restricted Subsidiary to the effect that (1) the gross revenues to be generated in the future from the exploitation of such Product or the
net revenues to be received by such producer or owner from the exploitation of such Product are reasonably anticipated by the Issuer to equal or exceed an amount specified in the acquisition agreement related to such Product or (2) otherwise
requires payment by LGEC or such Restricted Subsidiary of a minimum amount specified in the acquisition agreement related to such Product regardless of actual performance of such Product. 

“Qualified Receivables Financing” means any Receivables Financing that meets the following conditions: 

(1) LGEC shall have determined in good faith that such Qualified Receivables Financing (including financing terms, covenants,
termination events and other provisions) is in the aggregate economically fair and reasonable to LGEC or the applicable Subsidiary, as the case may be; 

(2) all sales of Receivables Financing Assets and related assets by LGEC or the applicable Subsidiary (other than a Receivables
Subsidiary) either to the applicable Receivables Subsidiary or directly to the applicable third-party financing providers (as the case may be) are made at Fair Market Value (as determined in good faith by LGEC); and 

(3) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in
good faith by LGEC) and may include Standard Undertakings. 
 “Rating Agencies” means each of S&P and Moody’s or,
if S&P or Moody’s or both of them shall not make a rating on the Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Issuer which shall be substituted for S&P or
Moody’s as the case may be. 

  
 -32- 

 “Receivables Financing” means any transaction or series of transactions
that may be entered into by LGEC or any of its Subsidiaries pursuant to which LGEC or any of its Subsidiaries may sell, assign, convey or otherwise transfer to any other Person, or may grant a security interest in, any Receivables Financing Assets
(whether now existing or arising in the future) of LGEC or any of its Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such Receivables Financing Assets, all contracts and all guarantees or other
obligations in respect of such Receivables Financing Assets, proceeds of such Receivables Financing Assets and other assets which are customarily sold, assigned, conveyed, or transferred or in respect of which security interests are customarily
granted in connection with asset securitization transactions or factoring transactions involving Receivables Financing Assets and any Hedging Obligations entered into by LGEC or any such Subsidiary in connection with such Receivables Financing
Assets. 
 “Receivables Financing Assets” means any of the following assets (or interests therein) from time to time
originated, acquired or otherwise owned by LGEC or any Restricted Subsidiary or in which LGEC or any Restricted Subsidiary has any rights or interests, in each case, without regard to where such assets or interest are located: (1) receivables,
payment obligations, installment contracts, and similar rights, whether currently existing or arising or estimated to arise in the future, and whether in the form of accounts, chattel paper, general intangibles, instruments or otherwise (including
any drafts, bills of exchange or similar notes and instruments), (2) royalty and other similar payments made related to the use of trade names and other intellectual property, business support, training and other services, including without
limitation licensing fees, lease payments and similar revenue streams relating to Product, (3) revenues related to distribution and merchandising of the products of LGEC and its Restricted Subsidiaries, (4) intellectual property rights
relating to the generation of any of the foregoing types of assets, and (5) any other assets and property to the extent customarily included in securitization transactions or factoring transactions of the relevant type in the applicable
jurisdictions (as determined by LGEC in good faith). 
 “Receivables Financing Fees” means distributions or payments made
directly or by means of discounts with respect to any participation interests issued or sold in connection with, and all other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Financing. 

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

“Receivables Subsidiary” means a Restricted Subsidiary that is a Wholly-Owned Subsidiary (or another Person formed for the
purposes of engaging in Qualified Receivables Financing with LGEC or any of its Subsidiaries in which LGEC or any of its Subsidiaries makes an Investment and to which LGEC or any of its Subsidiaries transfers Receivables Financing Assets and related
assets) which engages in no activities other than in connection with the financing of Receivables Financing Assets of LGEC and its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other assets relating
thereto, and any business or activities incidental or related to such business and: 

  
 -33- 

 (1) no portion of the Indebtedness or any other obligations (contingent or
otherwise) of which (a) is guaranteed by LGEC or any other Restricted Subsidiary (excluding guarantees of obligations (other than the principal of and interest on, Indebtedness) pursuant to Standard Undertakings), (b) is recourse to or
obligates LGEC or any other Restricted Subsidiary in any way other than pursuant to Standard Undertakings, or (c) subjects any property or asset of LGEC or any other Restricted Subsidiary, directly or indirectly, contingently or otherwise, to
the satisfaction thereof, other than pursuant to Standard Undertakings; 
 (2) with which neither LGEC nor any Restricted
Subsidiary has any material contract, agreement, arrangement or understanding other than on terms which LGEC reasonably believes to be no less favorable to LGEC or such Restricted Subsidiary than those that might be obtained at the time from Persons
that are not Affiliates of LGEC (other than pursuant to Standard Undertakings); and 
 (3) to which neither LGEC nor any
Restricted Subsidiary has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results (other than pursuant to Standard Undertakings). 

“Record Date” for the interest payable on any applicable Interest Payment Date means April 1 or October 1 (whether
or not a Business Day) next preceding such Interest Payment Date. 
 “Refinancing Indebtedness” means Indebtedness that is
Incurred in exchange for, or to refund, refinance, replace, exchange, renew, repay or extend (including pursuant to any defeasance or discharge mechanism) (collectively, with “refinance,” “refinances” and “refinanced”
each having a correlative meaning) any Indebtedness being refinanced (or previous refinancing thereof); provided, however, that: 

(1) the Refinancing Indebtedness has a Stated Maturity no earlier than the earlier of (a) the Stated Maturity of the
Indebtedness being refinanced or (b) 91 days later than the stated Maturity of the Notes; 
 (2) the Refinancing Indebtedness
has an Average Life at the time such Refinancing Indebtedness is Incurred that is equal to or greater than the lesser of (a) the remaining Average Life of the Indebtedness being refinanced or (b) 91 days after the remaining Average Life of the
Notes; 
 (3) such Refinancing Indebtedness is Incurred in an aggregate principal amount (or if issued with original issue
discount, an aggregate issue price) that is equal to or less than the sum of the aggregate principal amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced (plus,
without duplication, interest or premiums required by the instruments governing such existing Indebtedness, any tender premiums with respect thereto, and fees and expenses Incurred in connection therewith); 

(4) if the Indebtedness being refinanced is subordinated in right of payment to the Notes or the Notes Guarantee, such
Refinancing Indebtedness is subordinated in right of payment to the Notes or the Notes Guarantee on terms in the aggregate not materially less favorable to the Holders than those contained in the documentation governing the Indebtedness being
refinanced (as determined by the Issuer in good faith); and 

  
 -34- 

 (5) Refinancing Indebtedness shall not include Indebtedness of a Non-Guarantor Subsidiary that refinances Indebtedness of the Issuer or a Guarantor. 
 “Related
Business” means the (1) development, production, distribution, acquisition or disposition of intellectual properties including films, live event, television, interactive media, music and video product or any other audio-visual work
and/or rights therein or thereto, (2) operation of physical production facilities, (3) acquisition and operation of television channels and internet or digital distribution platforms and (4) any business which is related, ancillary or
complementary to any of the foregoing activities, including, without limitation, the acquisition and operation of theme parks, museum tours, stage plays or other live or location-based entertainment. 

“Replication Advances” means advances incurred pursuant to DVD replication, tape duplication or film processing transactions
which require repayment if certain volume commitments are not fulfilled; provided that repayment of such advances (1) may not be accelerated or be required to be paid on demand unless such repayment obligation is completely unsecured,
(2) do not require cash payments of interest and (3) are on terms at least as favorable as LGEC’s or such Restricted Subsidiary’s current replication deals. 

“Responsible Officer” means, when used with respect to the Trustee, any officer within the corporate trust department of the
Trustee having direct responsibility for the administration of this Indenture, any other officer to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 

“Restricted Investment” means any Investment other than a Permitted Investment. 

“Restricted Subsidiary” means any Subsidiary of LGEC other than an Unrestricted Subsidiary. 

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

“Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter acquired whereby the Issuer or
a Restricted Subsidiary transfers such property to a Person (other than LGEC or any of its Restricted Subsidiaries) and LGEC or a Restricted Subsidiary leases it from such Person.  

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

“Secured Funded Indebtedness” shall mean Consolidated Debt of LGEC and its Restricted Subsidiaries that is secured by a Lien
on any asset of LGEC or any Restricted Subsidiary which is (a) not a Permitted Lien or (b) a Permitted Lien incurred pursuant to (x) clause (1), (10), (13), (15), (25) or (38) of the definition thereof or (y) clause (18)
thereof to the extent the Lien incurred pursuant to clause (18) refinanced a Lien previously incurred pursuant to a clause set forth in the foregoing clause (x). 

  
 -35- 

 “Securities Act” means the Securities Act of 1933, as amended, and the
rules and regulations of the SEC promulgated thereunder. 
 “Senior Credit Facility” means (1) the credit facilities
under the Credit Agreement and (2) if the Senior Credit Facility described in clause (1) is not outstanding, if designated by the Issuer to be included in the definition of “Senior Credit Facility,” one or more related debt
facilities or commercial paper facilities with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities
formed to borrow from such lenders against such receivables) or letters of credit, debt securities, indentures or other forms of debt financing, in each case with the same or different borrowers or issuers, and as the same may be amended,
supplemented, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time. 
 “Services
Company” means a corporation (which may or may not be a subsidiary of LGEC) having a permanent establishment in Québec which provides production services pursuant to a production services agreement between MQP and such Services
Company. 
 “SGF” means SGF Entertainment Inc., a subsidiary of the Société Générale
Financement du Québec and its successors. 
 “SGF Co-Financing Arrangement”
means the co-financing arrangement by and among MQP, LGEC and SGF pursuant to which, among other things, (1) MQP agreed to sell revenue participation interests in certain motion pictures and television
productions to SGF pursuant to that certain Revenue Participation Purchase Agreement among MQP, SGF, LGF and LGT dated as of July 25, 2007, (2) MQP licensed certain motion pictures to LGF pursuant to that certain Master Distribution Agreement
(Film Productions) between MQP and LGF, dated as of July 25, 2007 and (3) MQP agreed to license certain television productions to LGT pursuant to that certain Master Distribution Agreement (Television Productions) between MQP and LGT,
dated as of July 25, 2007. 
 “Significant Subsidiary” means any Restricted Subsidiary that would be a
“Significant Subsidiary” of LGEC within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 

“Slate Cap” shall mean, at any time, the greater of (a) $300,000,000 (plus any returns of capital actually received by the
Issuer and the Guarantors in respect of Investments made after the Assumption Date by them in all Permitted Slate Transactions) or (b) 3.5% of Total Assets at such time. 

“Spanish-language OTT” means LGEC’s current Spanish-language subscription video on demand service (as such service may
continue to organically evolve) or other related service operated by LGEC, its Subsidiaries or its designees. 
 “Special Purpose
Producer” means a special purpose corporation or limited liability company formed solely for the purpose of producing Product or any audio-visual product or live or location-based entertainment which, in each case, will be purchased or
distributed in whole or in part by LGEC or any of its Restricted Subsidiaries. 

  
 -36- 

 “Standard Undertakings” means representations, warranties, covenants,
indemnities, reimbursement obligations, performance undertakings, guarantees of performance, and similar customary payment obligations entered into by LGEC or any of its Subsidiaries, whether joint and several or otherwise, which LGEC has determined
in good faith to be customary in a Receivables Financing including, without limitation, those relating to the servicing of the assets of a Receivables Subsidiary, it being understood that any Receivables Financing Repurchase Obligation shall be
deemed to be a Standard Undertaking. 
 “Starz” means Starz, a Delaware corporation, and its successors. 

“Stated Maturity” means, with respect to any security, the date specified in the agreement governing or certificate relating
to such Indebtedness as the fixed date on which the final payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision, but shall not include any contingent obligations to repay, redeem or
repurchase any such principal prior to the date originally scheduled for the payment thereof. 
 “Subordinated Obligation”
means any Indebtedness of the Issuer or any Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is subordinated or junior in right of payment to the Notes or the Notes Guarantees pursuant to a written agreement. For the
avoidance of doubt, such determination will be made without reference to the presence or absence of security in respect of any such Indebtedness. 

“Subsidiary” of any Person means (x) (1) any corporation, association or other business entity (other than a
partnership, joint venture, limited liability company, unlimited liability company or similar entity) of which more than 50% of the total ordinary voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency)
to vote in the election of directors, managers or trustees thereof (or Persons performing similar functions) or (2) any partnership, joint venture, limited liability company, unlimited liability company or similar entity of which more than 50%
of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, is, in the case of clauses (1) and (2), at the time owned or controlled, directly or indirectly, by
(a) such Person, (b) such Person and one or more Subsidiaries of such Person or (c) one or more Subsidiaries of such Person and (y) any corporation, association or other business entity (including any partnership, joint venture,
limited liability company, unlimited liability company or similar entity) (1) as to which such Person possesses, directly or indirectly, the power to direct or cause the direction of the management or policies thereof, whether through the
ownership of voting securities, by contract or otherwise and (2) which is consolidated with such Person pursuant to GAAP. Unless otherwise specified herein, each reference to a Subsidiary will refer to a Subsidiary of LGEC. 

“Test Period” means, on any date of determination, the period of four consecutive fiscal quarters of LGEC most recently ended
for which financial statements of LGEC have been (or were required to be) delivered pursuant to Section 4.03; provided that prior to the first date financial statements are required to be so delivered, the Test Period in effect shall be
the most recently ended full four fiscal quarter period prior to the Issue Date for which financial statements would have been required to be delivered hereunder had the Issue Date occurred prior to the end of such period. 

  
 -37- 

 “Total Assets” means the total assets of LGEC and its Restricted
Subsidiaries on a consolidated basis, as shown on the most recent balance sheet of LGEC. 
 “Transactions” means,
collectively (a) the transactions contemplated by the Credit Agreement and the other loan documents related thereto, and the borrowing of loans thereunder (including, for the avoidance of doubt, the transactions contemplated by Amendment
No. 2, Amendment No. 3 and the 2021 Credit Agreement Transactions, (b) the issue and sale of the Notes pursuant to the Indenture and (c) the payment of any Transaction Expenses. 

“Transaction Expenses” means any fees, costs or expenses incurred or paid by LGEC or its Restricted Subsidiaries in
connection with the Transactions. 
 “Transfer Restricted Notes” means Definitive Notes and any other Notes that bear or
are required to bear the Restricted Notes Legend. 
 “Treasury Rate” means, as of any date of redemption, the yield to
maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent statistical release designated as “H.15” under the caption “Treasury constant
maturities” or any successor publication which is published at least weekly by the Board of Governors of the Federal Reserve System (or companion online data resource published by the Board of Governors of the Federal Reserve System) and which
establishes yields on actively traded United States Treasury securities adjusted to constant maturity that has become publicly available at least two Business Days prior to the date of such notice (or, if such statistical release is no longer
published, any publicly available source or similar market data)) most nearly equal to the period from the redemption date to April 15, 2024; provided, however, that if the period from the redemption date to April 15, 2024 is
not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to April 15, 2024 is less
than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended. 

“Trustee” means Deutsche Bank Trust Company Americas, as trustee, until a successor replaces it in accordance with the
applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “UCC” shall mean the
Uniform Commercial Code as in effect from time to time in applicable jurisdictions of the United States of America. 
 “Unrestricted
Cash” means, as of any date, all cash and Cash Equivalents owned by LGEC or any Restricted Subsidiary which would not appear as “restricted” on a consolidated balance sheet of LGEC as of such date. For purposes of determining the
ability to Incur any other Indebtedness permitted to be incurred under Section 4.09, the proceeds of any such Incurred Indebtedness shall be disregarded in determining Unrestricted Cash when calculating the Net Secured Leverage Ratio and/or the
Net Total Leverage Ratio as of such date. 

  
 -38- 

 “Unrestricted Subsidiary” means: 

(1) any Subsidiary of LGEC that at the time of determination shall be designated an Unrestricted Subsidiary by the Issuer or
LGEC in the manner provided below; and  
 (2) any Subsidiary of an Unrestricted Subsidiary. 

The Issuer or LGEC may designate any Subsidiary of LGEC (including any newly acquired or newly formed Subsidiary or a Person becoming a
Subsidiary through merger, amalgamation or consolidation or Investment therein) to be an Unrestricted Subsidiary only if: 

(1) such Subsidiary (or any of its Subsidiaries) does not own any Capital Stock of any Subsidiary which, following such
designation, will remain a Restricted Subsidiary, or hold any Lien on any property of LGEC or any Subsidiary which, following such designation, will remain a Restricted Subsidiary of LGEC; 

(2) any Guarantee by LGEC or any Restricted Subsidiary of any Indebtedness of such Subsidiary (or any of its Subsidiaries)
shall be deemed an “Incurrence” of such Indebtedness and an “Investment” by LGEC or such Restricted Subsidiary and complies with Section 4.09; 

(3) such designation and the Investment in such Subsidiary complies with Section 4.07; 

(4) such Subsidiary, either alone or in the aggregate with all other Unrestricted Subsidiaries, does not operate, directly or
indirectly, all or substantially all of the business of LGEC and its Subsidiaries. 
 Any such designation by the Issuer or LGEC shall be
evidenced to the Trustee by filing with the Trustee an Officers’ Certificate giving effect to such designation and certifying that such designation complies with the foregoing conditions. 

An Officer of the Issuer or LGEC may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that immediately
after giving effect to such designation, (x) no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and (y) the Net Secured Leverage Ratio, on a Pro Forma Basis, would not be greater
than 5.25 to 1.00. 
 For the avoidance of doubt, LGEC shall be permitted to designate any Subsidiary to be a Restricted Subsidiary or
Unrestricted Subsidiary, in each case, in accordance with the terms of this Indenture, notwithstanding the designation of such Subsidiary under any other agreement; provided, however, that (x) no Subsidiary may be designated as an
Unrestricted Subsidiary or subsequently re-designated as a Restricted Subsidiary unless it is simultaneously so designated or re-designated, as applicable, under the
Senior Credit Facility (to the extent outstanding) and (y) the Issuer shall not be permitted to be an Unrestricted Subsidiary. 

Notwithstanding the foregoing, as of the Issue Date, the Initial Unrestricted Subsidiaries and each of their Subsidiaries shall be
Unrestricted Subsidiaries. 

  
 -39- 

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

“Voting Stock” of a Person means all classes of Capital Stock of such Person then outstanding and normally entitled to vote
in the election of directors, managers or trustees, as applicable, of such Person. 
 “Wholly-Owned Subsidiary” means a
Restricted Subsidiary, all of the Capital Stock of which (other than directors’ qualifying shares) is owned by LGEC or another Wholly-Owned Subsidiary. 

Section 1.02 Other Definitions. 
  

			
	 Term
	  	 Defined in Section

		
	 “Additional Amounts”
	  	4.01(c)(3)
		
	 “Affiliate Transaction”
	  	4.11(a)
		
	 “Agent Members”
	  	2.1(d) of Appendix A
		
	 “Applicable AML Law”
	  	12.16
		
	 “Applicable Procedures”
	  	1.1(a) of Appendix A
		
	 “Asset Sale Offer”
	  	4.10(b)
		
	 “Asset Sale Offer Amount”
	  	3.08(b)
		
	 “Asset Sale Offer Period”
	  	3.08(b)
		
	 “Asset Sale Purchase Date”
	  	3.08(b)
		
	 “Asset Sale Threshold Amount”
	  	4.10(b)
		
	 “Authentication Order”
	  	2.02(c)
		
	 “Automatic Exchange”
	  	2.3(e) of Appendix A
		
	 “Automatic Exchange Date”
	  	2.3(e) of Appendix A
		
	 “Automatic Exchange Notice” 2.3(e) of Appendix A
	  	2.3(e) of Appendix A
		
	 “Automatic Exchange Notice Date”
	  	2.3(e) of Appendix A
		
	 “Change of Control Offer”
	  	4.14(a)
		
	 “Change of Control Payment”
	  	4.14(a)

  
 -40- 

			
	 Term
	  	 Defined in Section

		
	 “Change of Control Payment Date”
	  	4.14(a)(2)
		
	 “Claiming Guarantor”
	  	10.08
		
	 “Clearstream”
	  	1.1(a) of Appendix A
		
	 “Contributing Guarantor”
	  	10.08
		
	 “Covenant Defeasance”
	  	8.03
		
	 “Covenant Suspension Event”
	  	4.16(a)
		
	 “Distribution Compliance Period”
	  	1.1(a) of Appendix A
		
	 “Euroclear”
	  	1.1(a) of Appendix A
		
	 “Event of Default”
	  	6.01(a)
		
	 “Excess Proceeds”
	  	4.10(b)
		
	 “Expiration Date”
	  	1.05(j)
		
	 “Fixed Amounts”
	  	1.04(d)
		
	 “Global Note”
	  	2.1(b) of Appendix A
		
	 “Global Notes Legend”
	  	2.3(f)(i) of Appendix A
		
	 “IAI”
	  	1.1(a) of Appendix A
		
	 “IAI Global Note”
	  	2.1(b) of Appendix A
		
	 “Incremental Equivalent Debt”
	  	4.09(c)(1)
		
	 “Incurrence Based Amounts”
	  	1.04(d)
		
	 “Initial Global Note”
	  	2.1(b) of Appendix A
		
	 “Intra-Group Liabilities”
	  	10.02
		
	 “LCT Election”
	  	1.04(c)
		
	 “LCT Test Date”
	  	1.04(c)
		
	 “Legal Defeasance”
	  	8.02(a)

  
 -41- 

			
	 Term
	  	 Defined in Section

		
	 “Limited Condition Transaction”
	  	1.04(e)
		
	 “Luxembourg Guarantor”
	  	10.02
		
	 “Non-S-X
Adjustment Amount”
	  	1.01 – definition of “Pro Forma Basis”
		
	 “Note Register”
	  	2.03(a)
		
	 “OID Notes Legend”
	  	2.3(f)(i) of Appendix A
		
	 “Paying Agent”
	  	2.03(a)
		
	 “ProdCo”
	  	1.01 – definition of “Permitted Slate Transaction”
		
	 “QIB”
	  	1.1(a) of Appendix A
		
	 “Reference Period”
	  	1.01 – definition of “Pro Forma Basis”
		
	 “Registrar”
	  	2.03(a)
		
	 “Regulation”
	  	10.02(b)
		
	 “Regulation S”
	  	1.1(a) of Appendix A
		
	 “Regulation S Global Note”
	  	2.1(b) of Appendix A
		
	 “Regulation S Notes”
	  	1.1(a) of Appendix A
		
	 “Regulation S Permanent Global Notes”
	  	1.1(a) of Appendix A
		
	 “Regulation S Temporary Global Notes”
	  	1.1(a) of Appendix A
		
	 “Regulation S Temporary Global Notes Legend”
	  	2.3(f)(i) of Appendix A
		
	 “Reinstatement Date”
	  	4.16(b)
		
	 “Relevant Taxing Authority”
	  	4.01(c)
		
	 “Relevant Taxing Jurisdiction”
	  	4.01(c)
		
	 “Restricted Asset Sale Amount”
	  	4.10(d)
		
	 “Restricted Notes Legend”
	  	2.3(f)(i) of Appendix A
		
	 “Restricted Payment”
	  	4.07(a)

  
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	 Term
	  	 Defined in Section

		
	 “Rule 144”
	  	1.1(a) of Appendix A
		
	 “Rule 144A”
	  	1.1(a) of Appendix A
		
	 “Rule 144A Global Note”
	  	2.1(b) of Appendix A
		
	 “Rule 144A Notes”
	  	1.1(a) of Appendix A
		
	 “Rule 501”
	  	1.1(a) of Appendix A
		
	 “Rule 904”
	  	1.1(a) of Appendix A
		
	 “Successor Guarantor”
	  	5.01(c)(1)
		
	 “Suspended Covenants”
	  	4.16(a)
		
	 “Suspension Period”
	  	4.16(b)
		
	 “Unrestricted Global Note”
	  	1.1(a) of Appendix A

 Section 1.03 Rules of Construction. 

Unless the context otherwise requires: 

(1) a term defined in Section 1.01 or 1.02 has the meaning assigned to it therein; 

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

(3) “or” is not exclusive; 

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

(5) wherever herein any determination may be made by the Issuer or an Officer thereof, such determination may also be made, for
purposes of this Indenture, by LGEC or an Officer thereof; wherever herein any determination may be made by LGEC or an Officer thereof, such determination may also be made by the Issuer or an Officer thereof; wherever herein any Officers’
Certificate is required to be delivered by the Issuer, such certificate may be delivered by LGEC; and wherever herein any Officers’ Certificate is required to be delivered by LGEC, such certificate may be delivered by the Issuer; 

(6) unless the context otherwise requires, any reference to an “Article,” “Section,” “clause,”
“Schedule” or “Exhibit” refers to an Article, Section, clause, Schedule or Exhibit, as the case may be, of this Indenture; 

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

(8) “including” means including without limitation; 

(9) references to sections of, or rules under, the Securities Act, the Exchange Act or the Trust Indenture Act shall be deemed
to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; 
 (10) unless
otherwise provided, references to agreements and other instruments shall be deemed to include all amendments and other modifications to such agreements or instruments, but only to the extent such amendments and other modifications are not prohibited
by the terms of this Indenture; and 
 (11) unless otherwise provided, in the event that a transaction meets the criteria of
more than one category of permitted transactions or listed exceptions, the Issuer may classify such transaction as it, in its sole discretion, determines. 

Section 1.04 Interpretation Matters. 

(a) All terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to
herein shall be made (x) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or
Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of LGEC or any Subsidiary at “fair value”, as defined therein, (y) without giving effect to any treatment of Indebtedness
in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to
value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof and (z) for the avoidance of doubt, except as provided in the
definition of “Consolidated Net Income”, without giving effect to the financial condition, results and performance of the Unrestricted Subsidiaries. 

(b) In connection with any action being taken in connection with a Limited Condition Transaction, for purposes of determining compliance with
any provision of this Indenture which requires that no Default or Event of Default, as applicable, has occurred, is continuing or would result from any such action, as applicable, such condition shall, at the option of the Issuer, be deemed
satisfied, so long as no Default or Event of Default, as applicable, exists on the date (i) the definitive agreement for such Limited Condition Transaction is entered into, (ii) irrevocable notice of redemption, purchase, repurchase,
defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is given or (iii) solely in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers applies, the
date on which a “Rule 2.7 announcement” of a firm intention to make an offer is published on a regulatory information service in respect of a target of a Limited Condition Transaction. For the avoidance of doubt, if the Issuer has
exercised its option under the immediately preceding sentence, and any Default or Event of Default, as applicable, occurs following the date the (i) definitive agreement for the applicable Limited Condition Transaction

  
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is entered into, (ii) irrevocable notice of redemption, purchase, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is
given or (iii) solely in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers applies, the date on which a “Rule 2.7 announcement” of a firm intention to make an offer is published on a
regulatory information service in respect of a target of a Limited Condition Transaction, and, in each case, prior to the consummation of such Limited Condition Transaction, any such Default or Event of Default, as applicable, shall be deemed to not
have occurred or be continuing for purposes of determining whether any action being taken in connection with such Limited Condition Transaction is permitted under this Indenture. 

(c) In connection with any action being taken in connection with a Limited Condition Transaction, for purposes of (i) determining
compliance with any provision of the Indenture which requires the calculation of the Net Secured Leverage Ratio or Net Total Leverage Ratio or (ii) testing baskets set forth in this Indenture (including baskets measured as a percentage of Total
Assets or Adjusted EBITDA), in each case, at the option of the Issuer (the Issuer’s election to exercise such option in connection with any Limited Condition Transaction, an “LCT Election”), the date of determination of whether
any such action is permitted hereunder, shall be deemed to be the date (x) the definitive agreement for such Limited Condition Transaction is entered into, (y) irrevocable notice of redemption, purchase, repurchase, defeasance,
satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is given or (z) solely in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers applies, the date on which a
“Rule 2.7 announcement” of a firm intention to make an offer is published on a regulatory information service in respect of a target of a Limited Condition Transaction, as applicable (the “LCT Test Date”), and if, after
giving pro forma effect to the Limited Condition Transaction and the other transactions to be entered into in connection therewith (including any incurrence or discharge of Indebtedness and the use of proceeds of such incurrence) as if they had
occurred at the beginning of the most recent four consecutive fiscal quarters ending prior to the LCT Test Date for which consolidated financial statements of the Issuer are available, the Issuer could have taken such action on the relevant LCT Test
Date in compliance with such ratio, basket or amount, such ratio, basket or amount shall be deemed to have been complied with; provided that (a) if financial statements for one or more subsequent fiscal quarters shall have become
available, the Issuer may elect, in its sole discretion, to redetermine all such ratios, baskets or amounts (including as to the absence of any continuing Default or Event of Default) on the basis of such financial statements, in which case, such
date of redetermination shall thereafter be deemed to be the applicable LCT Test Date for purposes of such ratios, baskets or amounts and (b) except as contemplated in the foregoing clause (a), compliance with such ratios, baskets or amounts
(and any related requirements and conditions) (including as to the absence of any continuing Default or Event of Default) shall not be determined or tested at any time after the applicable LCT Test Date for such Limited Condition Transaction and any
actions or transactions being taken in connection therewith (including any incurrence or discharge of Indebtedness and the use of proceeds of such incurrence). For the avoidance of doubt, if the Issuer has made an LCT Election and any of the ratios,
baskets or amounts for which compliance was determined or tested as of the LCT Test Date is exceeded as a result of fluctuations in any such ratio, basket or amount, including due to fluctuations in Adjusted EBITDA or Total Assets of the Issuer or
the Person subject to such Limited Condition Transaction or any applicable currency exchange rate, at or prior to the consummation of the relevant transaction or action, such baskets, ratios or amounts

  
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will not be deemed to have been exceeded as a result of such fluctuations. If the Issuer has made an LCT Election for any Limited Condition Transaction, then in connection with any subsequent
calculation of any ratio, basket or amount (other than with respect to Section 4.07(a)(4)(C)) on or following the relevant LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is consummated or the
definitive agreement for such Limited Condition Transaction is terminated or expires without consummation of such Limited Condition Transaction, any such ratio, basket or amount shall be calculated on a pro forma basis assuming such Limited
Condition Transaction and other transactions in connection therewith (including any incurrence or discharge of Indebtedness and the use of proceeds thereof) have been consummated. 

(d) Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in
reliance on a provision of any covenant in this Indenture that does not require compliance with a financial ratio or test (including the Net Secured Leverage Ratio or Net Total Leverage Ratio) (any such amounts, the “Fixed Amounts”)
substantially concurrently or in a series of related transactions with any amounts incurred or transactions entered into (or consummated) in reliance on a provision in such covenant that requires compliance with any such financial ratio or test (any
such amounts, the “Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts (and any cash proceeds thereof) in such covenant shall be disregarded in the calculation of the financial ratio or test applicable to
the Incurrence Based Amounts in such covenant in connection with such incurrence, but full pro forma effect shall be given to all applicable and related transactions (including the use of proceeds of all Indebtedness to be incurred and any
repayments, repurchases and redemptions of Indebtedness) and all other permitted pro forma adjustments. For the avoidance of doubt, the Trustee shall have no duty to (i) calculate, or verify the calculation of, any ratio, basket, amount or test
in connection with a Limited Condition Transaction, Fixed Amounts, or Incurrence Based Amounts, (ii) determine whether any Default or Event of Default has occurred, is continuing or would result from any action, or (iii) determine whether
the Issuer has satisfied any condition precedent to any action or transaction in connection with a Limited Condition Transaction. 
 (e) As
used herein, the term “Limited Condition Transaction” means (x) any acquisition or investment (including by way of merger, amalgamation, consolidation or other business combination or the acquisition of Capital Stock or
otherwise), by one or more of the Issuer and its Restricted Subsidiaries of or in any assets, business or Person, in each case, whose consummation is not conditioned on the availability of, or on obtaining, third-party financing or (y) any
redemption, purchase, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock by one or more of the Issuer and its Subsidiaries requiring irrevocable notice in advance of such
redemption, purchase, repurchase, defeasance, satisfaction and discharge or prepayment. 
 Section 1.05 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 an agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Issuer and the Guarantors. 

  
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 (b) The fact and date of the execution by any Person of any such instrument or writing may
be proved (1) by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing
acknowledged to him the execution thereof or (2) in any other manner deemed reasonably sufficient by the Trustee. Where such execution is by or on behalf of any legal entity other than an individual, such certificate or affidavit shall also
constitute proof of the authority of the Person executing the same. 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 that the Trustee
deems sufficient. 
 (c) The ownership of Notes shall be proved by the Note Register. 

(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by 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 any action taken, suffered or omitted by the Trustee, the Issuer or the Guarantors in
reliance thereon, whether or not notation of such action is made upon such Note. 
 (e) The Issuer may set a record date for purposes of
determining the identity of Holders entitled to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, or to vote on any action authorized or permitted to be
taken by Holders. If any record date is set pursuant to this clause (e), the Holders on such record date, and only such Holders, shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other
action, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date by Holders of the requisite
principal amount of Notes, or each affected Holder, as applicable, on such record date. Promptly after any record date is set pursuant to this paragraph, the Issuer, at its own expense, shall cause notice of such record date, the proposed action by
Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder in the manner set forth in Section 12.02. 

(f) The Trustee may set any day as a record date for the purpose of determining the Holders entitled to join in the giving or making of
(1) any notice of Default, (2) any declaration of acceleration referred to in Section 6.02, (3) any direction referred to in Section 6.05 or (4) any request to pursue remedies referred to in Section 6.06(b). If any
record date is set pursuant to this Section 1.05(f), the Holders on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such
record date; provided that no such action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Notes or each affected Holder, as applicable, on
such record date. Promptly after any record date is set pursuant to this Section 1.05(f), the Trustee, at the Issuer’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be
given to the Issuer and to each Holder in the manner set forth in Section 12.02. 

  
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 (g) Without limiting the foregoing, a Holder entitled to take any action hereunder with
regard to any particular Note may do so with regard to all or any part of the principal amount of such Note or by one or more duly appointed agents, each of which may do so pursuant to such appointment with regard to all or any part of such
principal amount. Any notice given or action taken by a Holder or its agents with regard to different parts of such principal amount pursuant to this Section 1.05(g)shall have the same effect as if given or taken by separate Holders of each
such different part. 
 (h) Without limiting the generality of the foregoing, a Holder, including a Depositary that is the Holder of a Global
Note, may make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders, and a Depositary
that is the Holder of a Global Note may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such Depositary’s standing instructions and customary practices. 

(i) The Issuer may fix a record date for the purpose of determining the Persons who are beneficial owners of interests in any Global Note held
by a Depositary entitled under the procedures of such Depositary, if any, to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this
Indenture to be made, given or taken by Holders; provided that if such a record date is fixed, only the Holders on such record date or their duly appointed proxy or proxies shall be entitled to make, give or take such request, demand,
authorization, direction, notice, consent, waiver or other action, whether or not such Holders remain Holders after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other action shall be effective
hereunder unless made, given or taken on or prior to the applicable Expiration Date. 
 (j) With respect to any record date set pursuant to
this Section 1.05, the party hereto that sets such record dates may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such
change shall be effective unless notice of the proposed new Expiration Date is given to the other party hereto in writing, and to each Holder of Notes in the manner set forth in Section 12.02, on or prior to the existing Expiration Date. If an
Expiration Date is not designated with respect to any record date set pursuant to this Section 1.05, the party hereto which set such record date shall be deemed to have initially designated the 120th day after such record date as the Expiration
Date with respect thereto, subject to its right to change the Expiration Date as provided in this clause (j). 
 ARTICLE 2 

THE NOTES 
 Section 2.01
Form and Dating; Terms. 
 (a) Provisions relating to the Initial Notes and Additional Notes are set forth in Appendix A
hereto, which is hereby incorporated in and expressly made a part of this Indenture. The Initial Notes and the Trustee’s certificate of authentication, and any Additional Notes and the Trustee’s certificate of authentication, shall each be
substantially in the form of Exhibit A hereto, which is hereby incorporated in and expressly made a part of this Indenture. The Notes may have notations, legends or endorsements required by law, rules or agreements with
national securities exchanges to which the Issuer or any Guarantor is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Issuer). Each Note shall be dated the date of its
authentication. The Notes shall be in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

  
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 (b) The aggregate principal amount of Notes that may be authenticated and delivered under
this Indenture is unlimited. 
 (c) The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part
of this Indenture and the Issuer, the Guarantors 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. 
 (d) Additional Notes
ranking pari passu with the Initial Notes may be created and issued from time to time by the Issuer without notice to or consent of the Holders and shall be consolidated with and form a single class with the Initial Notes and shall have the
same terms as to status, redemption or otherwise (other than issue date, issue price and first Interest Payment Date) as the Initial Notes; provided that the Issuer’s ability to issue Additional Notes shall be subject to the
Issuer’s compliance with Section 4.09; and provided, further, that if any such Additional Notes are not fungible for U.S. federal income tax purposes with the Initial Notes, such Additional Notes will be issued with a
separate CUSIP number and ISIN. Any Additional Notes shall be issued with the benefit of an indenture supplemental to this Indenture. 
 (e)
For purposes of the Interest Act (Canada), the rate of interest payable under the Notes, when expressed as an annual rate of interest, is equivalent to (x) the applicable rate payable based on a year of 360 days, (y) multiplied by
the actual number of days in the calendar year in which the period for which such interest is payable (or compounded) ends, and (z) divided by 360. 

Section 2.02 Execution and Authentication. 

(a) At least one Officer shall execute the Notes on behalf of the Issuer by electronic, 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. 
 (b) A Note
shall not be entitled to any benefit under this Indenture or be valid or obligatory for any purpose until authenticated substantially in the form of Exhibit A by the electronic or manual signature of the Trustee. The
Trustee’s signature shall be conclusive evidence that the Note has been duly authenticated and delivered under this Indenture. 
 (c) On
the Issue Date, the Trustee shall, upon receipt of a written order of the Issuer signed by an Officer (an “Authentication Order”), authenticate and deliver the Initial Notes. In addition, at any time, from time to time, the Trustee
shall upon an Authentication Order authenticate and deliver any Additional Notes for an aggregate principal amount specified in such Authentication Order for such Additional Notes issued hereunder. 

  
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 (d) The Trustee may appoint an authenticating agent acceptable to the Issuer to authenticate
Notes. 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 an Affiliate of the Issuer. 
 Section 2.03 Registrar and Paying Agent. 

(a) The Issuer shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange
(“Registrar”) and at least one office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar shall keep a register of the Notes (“Note Register”) and of their transfer
and exchange. The Issuer may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar, and the term “Paying
Agent” includes any additional paying agent. The Issuer may change any Paying Agent or Registrar without prior notice to any Holder. The Issuer shall notify the Trustee in writing of the name and address of any Agent not a party to this
Indenture. If the Issuer fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. LGEC or any of the Restricted Subsidiaries may act as Paying Agent or Registrar. 

(b) The Issuer initially appoints DTC to act as Depositary with respect to the Global Notes. The Issuer initially appoints the Trustee to act
as the Paying Agent and Registrar for the Notes and to act as Custodian with respect to the Global Notes. 
 Section 2.04 Paying
Agent to Hold Money in Trust. 
 The Issuer shall, no later than 11:00 a.m. (New York City time) on each due date for the payment of
principal of and premium, if any, and interest on any of the Notes, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held in trust for the Holders entitled to the same, and (unless such Paying Agent is the Trustee) the
Issuer shall promptly notify the Trustee of its action or failure so to act. The Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of Holders or the Trustee
all money held by the Paying Agent for the payment of principal of and premium, if any, and interest on the Notes, and shall notify the Trustee of any default by the Issuer in making any such payment. While any such default continues, the Trustee
may require a Paying Agent to pay all money held by it to the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Issuer or a
Subsidiary) shall have no further liability for the money. If the Issuer 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 any
bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes. 
 Section 2.05
Holder Lists. 
 The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of
the names and addresses of all Holders. If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee at least two 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. 

  
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 Section 2.06 Transfer and Exchange. 

(a) The Notes shall be issued in registered form and shall be transferable only upon the surrender of a Note for registration of transfer and
in compliance with Appendix A. 
 (b) To permit registrations of transfers and exchanges, the Issuer shall execute and the Trustee
shall authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 or at the Registrar’s request. 

(c) No service charge shall be made to a holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any
registration of transfer or exchange (other than pursuant to Section 2.07), but the Holders shall be required to pay any transfer tax or other governmental taxes and fees in connection therewith (other than any such transfer taxes or similar
governmental charge payable upon exchange or transfer pursuant to Section 2.10, 3.06, 3.08, 4.10, 4.14 and 9.05). 
 (d) Neither the
Registrar nor the Issuer shall be required to register the transfer of or exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

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

(f) Neither the Issuer or the Registrar shall be required (1) to issue, to register the transfer of or to exchange any Notes during a
period beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 and ending at the close of business on the day of selection, (2) 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 (3) to register the transfer of or to exchange a Note between a Record Date and the next succeeding Interest Payment Date.

 (g) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Issuer may deem and treat the
Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and premium, if any, and interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the
Issuer shall be affected by notice to the contrary. 
 (h) Upon surrender for registration of transfer of any Note at the office or agency of
the Issuer designated pursuant to Section 4.02, the Issuer shall execute, and the Trustee shall authenticate and mail (or cause to be transferred by book entry), in the name of the designated transferee or transferees, one or more replacement
Notes of any authorized denomination or denominations of a like aggregate principal amount. 

  
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 (i) At the option of the Holder, Notes may be exchanged for other Notes of any authorized
denomination or denominations of a like aggregate principal amount upon surrender of the Notes to be exchanged at such office or agency. Whenever any Global Notes or Definitive Notes are so surrendered for exchange, the Issuer shall execute, and the
Trustee shall authenticate and mail (or cause to be transferred by book entry), the replacement Global Notes and Definitive Notes which the Holder making the exchange is entitled to in accordance with the provisions of Section 2.02. 

(j) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.06 to
effect a registration of transfer or exchange may be submitted by mail or by facsimile or electronic transmission. 
 Section 2.07
Replacement Notes. 
 If a mutilated Note is surrendered to the Trustee or if a Holder claims that its Note has been lost, destroyed
or wrongfully taken and the Trustee receives evidence to its satisfaction of the ownership and loss, destruction or theft of such Note, the Issuer shall issue and the Trustee, upon receipt of an Authentication Order, shall authenticate a replacement
Note if the Trustee’s requirements are met. If required by the Trustee or the Issuer, an indemnity bond must be provided by the Holder that is sufficient in the judgment of the Trustee and the Issuer to protect the Issuer, the Trustee, any
Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Issuer may charge the Holder for the expenses of the Issuer and the Trustee in replacing a Note. Every replacement Note is a contractual
obligation of the Issuer and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 

Section 2.08 Outstanding Notes. 

(a) The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled 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 2.08 as not outstanding. Except as set forth in Section 2.09, a Note does
not cease to be outstanding because the Issuer or an Affiliate of the Issuer holds the Note; provided that Notes held by LGEC or a Subsidiary of the Issuer will not be deemed to be outstanding for purposes of Section 3.07(d) or
Section 4.14(f). 
 (b) If a Note is replaced pursuant to Section 2.07 it ceases to be outstanding unless the Trustee receives
proof satisfactory to it that the replaced Note is held by a protected purchaser, as such term is defined in Section 8-303 of the Uniform Commercial Code in effect in the State of New York. 

(c) If the principal amount of any Note is considered paid under Section 4.01, from and after such date it ceases to be outstanding and
interest on it ceases to accrue. 
 (d) If the Paying Agent (other than the Issuer, a Subsidiary or an Affiliate of any thereof) holds, on
the maturity date, any redemption date or any date of purchase pursuant to an Offer to Purchase, money sufficient to pay Notes payable or to be redeemed or purchased 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. 

  
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 Section 2.09 Treasury Notes. 

In determining whether the Holders of the requisite principal amount of Notes have concurred in any direction, waiver or consent, Notes owned
by the Issuer, or by any Affiliate of the Issuer, 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 of the Trustee knows are so owned shall be so disregarded. Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to
deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not the Issuer or any obligor upon the Notes or any Affiliate of the Issuer or of such other obligor. 

Section 2.10 Temporary Notes. 

Until definitive Notes are ready for delivery, the Issuer may prepare and the Trustee, upon receipt of an Authentication Order, shall
authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Issuer considers appropriate for temporary Notes and as shall be reasonably acceptable to the Trustee. Without
unreasonable delay, the Issuer shall prepare and the Trustee shall authenticate definitive Notes in exchange for temporary Notes. Holders and beneficial holders, as the case may be, of temporary Notes shall be entitled to all of the benefits
accorded to Holders, or beneficial holders, respectively, of Notes under this Indenture. 
 Section 2.11 Cancellation. 

The Issuer at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Notes
surrendered to them for registration of transfer, exchange or payment. The Trustee or, at the direction of the Trustee, the Registrar or the Paying Agent and no one else shall cancel all Notes surrendered for registration of transfer, exchange,
payment, replacement or cancellation and shall destroy canceled Notes in accordance with its customary procedures (subject to the record retention requirement of the Exchange Act). Certification of the destruction of all canceled Notes shall, upon
the written request of the Issuer, be delivered to the Issuer. The Issuer may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 

Section 2.12 Defaulted Interest. 

(a) If the Issuer defaults in a payment of interest on the Notes, it shall pay the defaulted interest in any lawful manner plus, to the extent
lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.01. The Issuer shall notify the Trustee in writing of the
amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Issuer shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of
such defaulted interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted
interest as provided in this Section 2.12. The Trustee shall fix or cause to be fixed each such special record date and payment date; provided that no such special record date shall be less than 10 days prior to the related payment date
for such defaulted interest. The 

  
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Trustee shall promptly notify the Issuer of such special record date. At least 10 days before the special record date, the Issuer (or, upon the written request of the Issuer, the Trustee in the
name and at the expense of the Issuer) shall send, or cause to be sent to each Holder a notice that states the special record date, the related payment date and the amount of such interest to be paid. 

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

Section 2.13 CUSIP Numbers and ISINs 

The Issuer in issuing the Notes may use CUSIP numbers and/or ISINs (if then generally in use) and, if so, the Trustee shall use CUSIP numbers
and/or ISINs in notices of redemption or exchange or in Offers to Purchase as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the
Notes or as contained in any notice of redemption or exchange or in Offers to Purchase and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption or exchange or Offer to Purchase shall not
be affected by any defect in or omission of such numbers. The Issuer shall as promptly as practicable notify the Trustee in writing of any change in the CUSIP numbers and/or ISINs. 

ARTICLE 3 
 REDEMPTION 

Section 3.01 Notices to Trustee. 

If the Issuer elects to redeem Notes pursuant to Section 3.07, it shall furnish to the Trustee, at least five Business Days before notice
of redemption is required to be sent or caused to be sent to Holders pursuant to Section 3.03 (unless a shorter notice period shall be agreed to by the Trustee), an Officers’ Certificate setting forth (1) the paragraph or subparagraph
of such Note and/or Section of this Indenture pursuant to which the redemption shall occur, (2) the redemption date, (3) the principal amount of the Notes to be redeemed and (4) the redemption price. 

Section 3.02 Selection of Notes to Be Redeemed or Purchased. 

(a) If less than all of the Notes are to be so redeemed pursuant to Section 3.07 or purchased in an Offer to Purchase at any time, the
Trustee shall select the Notes to be redeemed or purchased on a pro rata basis or by lot or by such other method as the Trustee shall deem fair and appropriate, and, in the case of Global Notes, in accordance with the procedures of the
Depositary unless otherwise required by law. In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased shall be selected, unless otherwise provided herein, not less than 10 nor more than 60 days prior to
the redemption date by the Trustee from the then outstanding Notes not previously called for redemption or purchase. 

  
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 (b) The Trustee shall promptly notify the Issuer in writing of the Notes selected for
redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the portion of the principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected shall be in amounts of $1,000 or whole
multiples of $1,000 in excess thereof; no Notes of $2,000 or less shall be redeemed in part, except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder, even if not $2,000
or a multiple of $1,000 in excess thereof, shall be redeemed or purchased. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption or purchase also apply to portions of Notes called for
redemption or purchase. 
 (c) After the redemption date, upon surrender of a Note to be redeemed in part only, a new Note or Notes in
principal amount equal to the unredeemed portion of the original Note representing the same Indebtedness to the extent not redeemed shall be issued in the name of the Holder of the Notes upon cancellation of the original Note (or appropriate book
entries shall be made to reflect such partial redemption). 
 Section 3.03 Notice of Redemption. 

(a) Subject to Section 3.08, the Issuer shall send, or cause to be sent notices of redemption of Notes at least 10 days (or solely for the
purposes of Section 4.14(f), 30 days) but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed pursuant to this Article at such Holder’s registered address or otherwise in accordance with the
procedures of the Depositary, except that redemption notices may be sent more than 60 days prior to a redemption date if the notice is issued in connection with Article 8 or Article 12, or is delayed in accordance with Section 3.07(e). Notices
of redemption may be conditional as set forth in Section 3.07(e). 
 (b) The notice shall identify the Notes to be redeemed and shall
state: 
 (1) the redemption date; 

(2) the redemption price and the amount of any accrued and unpaid interest to the redemption date; 

(3) if any Note is to be redeemed in part only, the portion of the principal amount of that Note that is to be redeemed; 

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

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

(6) that, unless the Issuer defaults in making such redemption payment or the Paying Agent is prohibited from making such
payment pursuant to the terms of this Indenture, interest on Notes called for redemption ceases to accrue on and after the redemption date; 

(7) the paragraph or subparagraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for
redemption are being redeemed; 
 (8) that no representation is made as to the correctness or accuracy of the CUSIP number or
ISIN, if any, listed in such notice or printed on the Notes; and 

  
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 (9) any condition to such redemption. 

(c) At the Issuer’s request, the Trustee shall give the notice of redemption in the Issuer’s name and at the Issuer’s expense;
provided that the Issuer shall have delivered to the Trustee, at least five Business Days before notice of redemption is required to be sent or caused to be sent to Holders pursuant to this Section 3.03 (unless a shorter notice shall be
agreed to by the Trustee), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in Section 3.03(b). 

Section 3.04 Effect of Notice of Redemption. 

Once notice of redemption is sent in accordance with Section 3.03, Notes called for redemption become irrevocably due and payable on the
redemption date at the redemption price (except as provided for in Section 3.07(e)). The notice, if sent in a manner herein provided, shall be conclusively presumed to have been given, whether or not the Holder receives such notice. In any
case, failure to give such notice or any defect in the notice to the Holder of any Note designated for redemption in whole or in part shall not affect the validity of the proceedings for the redemption of any other Note. Subject to
Section 3.05, on and after the redemption date, interest ceases to accrue on Notes or portions of Notes called for redemption. 

Section 3.05 Deposit of Redemption or Purchase Price. 

(a) Prior to 11:00 a.m. (New York City time) on the redemption or purchase date, the Issuer shall deposit with the Trustee or with the Paying
Agent money sufficient to pay the redemption or purchase price of and accrued and unpaid interest on all Notes to be redeemed or purchased on that date. The Paying Agent shall promptly pay to each Holder (and, in the case of an Asset Sale Offer, if
applicable, to holders of Pari Passu Indebtedness) to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent shall promptly return to the Issuer any
money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest on, all Notes to be redeemed or purchased. 

(b) If the Issuer complies with the provisions of Section 3.05(a), on and after the redemption or purchase date, interest shall cease to
accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest, if any, to the
redemption or purchase date shall be paid on the relevant Interest Payment Date 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 or purchase shall not be so paid
upon surrender for redemption or purchase because of the failure of the Issuer to comply with Section 3.05(a), 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 accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01. 

  
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 Section 3.06 Notes Redeemed or Purchased in Part. 

Upon surrender of a Note that is redeemed or purchased in part, the Issuer shall issue and, upon receipt of an Authentication Order, the
Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to the Holder at the expense of the Issuer a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered representing the
same Indebtedness to the extent not redeemed or purchased; provided that each new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. It is understood that, notwithstanding anything in this
Indenture to the contrary, only an Authentication Order and not an Opinion of Counsel or Officers’ Certificate is required for the Trustee to authenticate such new Note.  

Section 3.07 Optional Redemption. 

(a) In whole at any time, or in part from time to time, prior to April 15, 2024, the Issuer may redeem the Notes, upon notice as described
in Section 3.03, at a redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest thereon, if any, to, but not including, the date of redemption, subject to the rights
of Holders on the relevant Record Date to receive interest due on the relevant Interest Payment Date. 
 (b) On and after April 15,
2024, the Issuer may redeem the Notes, in whole or in part, upon notice as described in Section 3.03, at the redemption prices (expressed as percentages of the principal amount of the Notes to be redeemed) set forth below, plus accrued and
unpaid interest thereon, if any, to, but not including, the applicable redemption date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date), if redeemed during the
twelve-month period beginning on April 15 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2024
	  	 	102.750	% 
	 2025
	  	 	101.375	% 
	 2026 and thereafter
	  	 	100.000	% 

 (c) Prior to April 15, 2024, the Issuer may on any one or more occasions redeem up to 40% of the original
principal amount of the Notes (calculated after giving effect to any issuance of Additional Notes) with the Net Cash Proceeds of one or more Equity Offerings by LGEC, or with the Net Cash Proceeds of one or more Equity Offerings by a direct or
indirect parent entity of LGEC that are contributed to LGEC as common equity capital, at a redemption price equal to 105.500% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but not including, the redemption
date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date); provided that 

(1) at least 60% of the sum of the original principal amount of the Notes (calculated after giving effect to any issuance of Additional Notes)
remains outstanding after the occurrence of each such redemption; and 
 (2) such redemption occurs within 60 days of the date of closing of
each such Equity Offering. 

  
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 (d) In connection with any tender offer for the Notes, if Holders of not less than 90% in
aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in such tender offer and the Issuer, or any third party making such tender offer in lieu of the Issuer, purchases all such Notes validly tendered and
not withdrawn by such Holders, the Issuer or such third party will have the right upon not less than 10 but not more than 60 days’ notice mailed, or delivered electronically if such Notes are held by any Depositary, by the Issuer to each Holder
of such Notes, given not more than 30 days following such purchase date, to redeem or purchase, as applicable, all the Notes that remain outstanding following such purchase at a price equal to the price offered to each other Holder in such tender
offer plus, to the extent not included in the tender offer payment, accrued and unpaid interest, if any, thereon, to, but not including, the redemption or purchase date (subject to the right of Holders of record on the relevant Record Date to
receive interest due on the relevant Interest Payment Date). 
 (e) Any redemption notice may, at the Issuer’s discretion, be subject to
one or more conditions precedent, including completion of an Equity Offering or other corporate transaction. In addition, if such redemption or notice is subject to satisfaction of one or more conditions precedent, such notice may state that, in the
Issuer’s discretion, the redemption date may be delayed until such time (including more than 60 days after the date the notice of redemption was delivered (or delivered electronically if the Notes are held by any Depositary)) as any or all such
conditions shall be satisfied or waived, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied or waived by the redemption date, or by the redemption date as so
delayed, or such notice may be rescinded at any time in the Issuer’s discretion if in the good faith judgment of the Issuer any or all of such conditions will not be satisfied or waived. 

(f) Except as set forth in this Section 3.07, the Notes shall not be redeemable at the Issuer’s option. The Issuer is not required to
make mandatory redemption payments or sinking fund payments with respect to the Notes. However, under certain circumstances, the Issuer may be required to offer to purchase the Notes as described in Section 4.14 and Section 4.10. 

(g) If the optional redemption date is on or after a Record Date and on or before the related Interest Payment Date, any accrued and unpaid
interest will be paid to the Person in whose name a Note is registered at the close of business on such Record Date.  

Section 3.08 Offers to Repurchase by Application of Excess Proceeds. 

(a) In the event that, pursuant to Section 4.10, the Issuer shall be required to commence an Asset Sale Offer, the Issuer shall follow the
procedures specified below. 
 (b) The Asset Sale Offer will remain open for a period of 20 Business Days following its commencement, except
to the extent that a longer period is required by applicable law (the “Asset Sale Offer Period”). No later than five Business Days after the termination of the Asset Sale Offer Period (the “Asset Sale Purchase
Date”), the Issuer will apply all Excess Proceeds in excess of the Asset Sale Threshold Amount to the purchase of the aggregate principal amount of Notes and, if applicable, Pari Passu Indebtedness (on a pro rata basis, or as
otherwise provided in Section 4.10(b), as applicable) required to be purchased pursuant to Section 4.10 (the “Asset Sale Offer Amount”), or, if less than the Asset Sale Offer Amount of Notes has been so validly tendered,
all Notes and Pari Passu Indebtedness validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased will be made in the same manner as interest payments are made. 

  
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 (c) If the Asset Sale Purchase Date is on or after a Record Date and on or before the
related Interest Payment Date, any accrued and unpaid interest will be paid to the Person in whose name a Note is registered at the close of business on such Record Date. 

(d) Upon the commencement of an Asset Sale Offer, the Issuer will mail (or otherwise communicate in accordance with the procedures of DTC) a
notice to each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders
and, if required, all holders of Pari Passu Indebtedness. The notice, which shall govern the terms of the Asset Sale Offer, shall state: 

(1) that the Asset Sale Offer is being made pursuant to this Section 3.08 and Section 4.10 and the length of time the
Asset Sale Offer shall remain open; 
 (2) the Asset Sale Offer Amount, the purchase price, the amount of any accrued and
unpaid interest to the Asset Sale Purchase Date, and the Asset Sale Purchase Date; 
 (3) that any Note not properly tendered
or accepted for payment shall continue to accrue interest; 
 (4) that, unless the Issuer defaults in making such payment,
any Note accepted for payment pursuant to the Asset Sale Offer will cease to accrue interest on and after the Asset Sale Purchase Date; 

(5) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in amounts
of $2,000 and larger integral multiples of $1,000 in excess thereof only; 
 (6) that Holders electing to have a Note
purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” attached to the Note completed, or transfer by book-entry transfer, to the Issuer, the
Depositary, if appointed by the Issuer, or a Paying Agent at the address specified in the notice at least three Business Days before the Asset Sale Purchase Date; 

(7) that Holders shall be entitled to withdraw their election if the Issuer, the Depositary or the Paying Agent, as the case
may be, receives at the address specified in the notice, not later than one Business Day prior to the expiration of the Asset Sale Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount
of the Notes the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 

(8) that, if the aggregate principal amount of Notes surrendered by Holders thereof and other Pari Passu Indebtedness
surrendered by holders or lenders, collectively, exceeds the amount of Excess Proceeds in excess of the Asset Sale Threshold Amount, the Issuer shall repurchase the Notes and the Pari Passu Indebtedness on a pro rata basis unless otherwise
required by law, and the Trustee shall select the Notes to be purchased on a pro rata basis on the basis of the aggregate accreted value or principal amount of tendered Notes (with such adjustments as may be deemed appropriate by the Trustee
so that only Notes in denominations of $2,000 and larger integral multiples of $1,000 in excess thereof, shall be purchased); and 

  
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 (9) that Holders whose Notes were purchased only in part shall be issued new
Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer) representing the same Indebtedness to the extent not repurchased. 

(e) On or before the Asset Sale Purchase Date, the Issuer will, to the extent lawful, accept for payment, on a pro rata basis to the
extent necessary, the Asset Sale Offer Amount of Notes and Pari Passu Indebtedness or portions thereof so validly tendered and not properly withdrawn pursuant to the Asset Sale Offer, or if less than the Asset Sale Offer Amount has been validly
tendered and not properly withdrawn, all Notes and Pari Passu Indebtedness so tendered, in each case in denominations of $2,000 and integral multiples of $1,000 in excess thereof; provided that if, following repurchase of a portion of a Note,
the remaining principal amount of such Note outstanding immediately after such repurchase would be less than $2,000, then the portion of such Note so repurchased shall be reduced so that the remaining principal amount of such Note outstanding
immediately after such repurchase is $2,000. 
 (f) The Issuer or the Paying Agent, as the case may be, will promptly, but in any case not
later than five Business Days after termination of the Asset Sale Offer Period, mail or deliver to each tendering Holder of the Notes, an amount equal to the purchase price of the Notes so validly tendered and not properly withdrawn by such Holder,
and accepted by the Issuer for purchase, and the Issuer will promptly issue a new Note, and the Trustee, upon receipt of an Authentication Order from the Issuer, will authenticate and mail or deliver (or cause to be transferred by book-entry) such
new Note to such Holder (it being understood that, notwithstanding anything in this Indenture to the contrary, no Opinion of Counsel or Officers’ Certificate is required for the Trustee to authenticate and mail or deliver such new Note) in a
principal amount equal to the unpurchased portion of the Note surrendered; provided that each such new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. Any Note not so accepted shall be
promptly mailed or delivered by the Issuer to the Holder thereof. 
 The Issuer shall comply, to the extent applicable, with the
requirements of Rule 14e-1 under the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Section 3.08. To the extent that the provisions
of any securities laws or regulations conflict with provisions of this Section 3.08, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 3.08
by virtue of any conflict. 
 Other than as specifically provided in this Section 3.08 or Section 4.10, any purchase pursuant to
this Section 3.08 shall be made pursuant to the applicable provisions of Sections 3.01 through 3.06. 

  
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 ARTICLE 4 

COVENANTS 
 Section 4.01
Payment of Notes; Additional Amounts. 
 (a) The Issuer shall pay or cause to be paid the principal of and 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 on the date due if the Paying Agent, if other than one of the Issuer or a Subsidiary of the Issuer, holds
as of 11:00 a.m. (New York City time) on the due date money deposited by the Issuer in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 

(b) The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and
premium, if any, at the rate equal to the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest
(without regard to any applicable grace period) at the same rate to the extent lawful. 
 (c) All payments made by the Issuer under the Notes
or this Indenture and each Guarantor pursuant to its Notes Guarantee will be made without withholding or deduction for any taxes imposed by any Canadian or other non-U.S. taxing authority (a “Relevant
Taxing Authority”), unless required by law or the interpretation or administration thereof by such Relevant Taxing Authority. If any of the Issuer or any Guarantor is obligated to withhold or deduct any amount on account of taxes (including
any penalties or interest related thereto) imposed by any Relevant Taxing Authority from any payment made with respect to the Notes, the Issuer or such Guarantor shall: 

(1) make such withholding or deduction; 

(2) remit the full amount deducted or withheld to the relevant government authority in accordance with the applicable law; 

(3) pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by
each Holder of Notes (including Additional Amounts) after such withholding or deduction will not be less than the amount such Holder would have received if such taxes had not been withheld or deducted; 

(4) furnish to the Trustee for the benefit of the Holders of Notes, within 30 days after the date of the payment of any taxes
is due, an official receipt of the relevant government authorities for all amounts deducted or withheld, or if such receipts are not obtainable, other evidence of payment by the Issuer or such Guarantor of those taxes; and 

(5) at least 15 days prior to each date on which any Additional Amounts are payable, deliver to the Trustee an Officers’
Certificate setting forth the calculation of the Additional Amounts to be paid and such other information as the Trustee may request to enable the Trustee to pay such Additional Amounts to Holders of Notes on the payment date. 

  
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 Notwithstanding the foregoing, the Issuer and the Guarantors will not pay Additional Amounts to any Holder
in respect of a beneficial owner of a Note: (i) which is subject to such taxes by reason of such Holder or such beneficial owner (or any fiduciary, settlor, beneficiary, partner, member or shareholder of, or possessor of power over, such Holder
or beneficial owner, if such Holder or beneficial owner is an estate, nominee, trust, partnership, limited liability company or corporation), presently or formerly, (A) carrying on business in the jurisdiction in respect of which the Relevant
Taxing Authority requires the tax to be withheld or deducted (the “Relevant Taxing Jurisdiction”), (B) having a permanent establishment in the Relevant Taxing Jurisdiction, (C) being organized under the laws of the Relevant
Taxing Jurisdiction or a subdivision thereof, or (D) being an actual or deemed citizen or resident in the Relevant Taxing Jurisdiction (other than solely as a result of the ownership of the Notes, the receipt of payments in respect of the Notes
or a Notes Guarantee or the enforcement thereof); (ii) for or on account of any taxes imposed or withheld by reason of the failure of the Holder or beneficial owner of the Note to complete, execute and deliver to the Issuer or the applicable
Guarantor any form or document to the extent applicable to such Holder or beneficial owner that may be required by law or by reason of administration of such law and which is reasonably requested in writing to be delivered to the Issuer or such
Guarantor in order to enable the Issuer or such Guarantor to make payments on the Notes without deduction or withholding for taxes, or with deduction or withholding of a lesser amount, which form or document shall be delivered within 30 days of a
written request therefor by the Issuer or such Guarantor; (iii) for or on account of any taxes that are payable otherwise than by withholding from a payment on the Notes or any Note Guarantee or any estate, inheritance, gift, sales, excise,
transfer, personal property or similar taxes; (iv) for or on account of any taxes if the Holder is a fiduciary or partnership or person other than the sole beneficial owner of such payment and the taxes that would otherwise give rise to such
Additional Amounts would not have been imposed on such payment had the Holder been the beneficiary, partner or sole beneficial owner, as the case may be, of such Note; or (v) any combination of the above. 

Any reference in this Indenture or the Notes to the payment of principal, premium, if any, interest, purchase price in connection with a
purchase of Notes (including in connection with a Change of Control or Asset Sale), redemption price or any other amount payable under or with respect to any Note, will be deemed to include the payment of Additional Amounts to the extent that, in
such context, Additional Amounts are, were or would be payable in respect thereof. The Issuer and each Guarantor’s obligation to make payments of Additional Amounts will survive any termination of this Indenture or the defeasance of any rights
hereunder. 
 Section 4.02 Maintenance of Office or Agency. 

(a) The Issuer shall maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuer and the Guarantors in respect of the Notes and this Indenture may be
served. The Issuer shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuer shall fail to maintain any such required office or agency or shall fail to
furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

  
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 (b) The Issuer may also from time to time designate additional 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 Issuer shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the
location of any such other office or agency. 
 (c) The Issuer hereby designates the Corporate Trust Office of the Trustee as one such office
or agency of the Issuer in accordance with Section 4.02(a). 
 Section 4.03 Reports and Other Information. 

(a) Notwithstanding that LGEC may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or otherwise
report on an annual and quarterly basis on forms provided for such annual and quarterly reporting pursuant to rules and regulations promulgated by the SEC, to the extent permitted by the Exchange Act, LGEC will file with the SEC, and make available
to the Trustee and through its publicly available website, the annual reports and the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that are specified
in Sections 13 and 15(d) of the Exchange Act with respect to U.S. issuers within the time periods specified therein or in the relevant forms. In the event that LGEC is not permitted to file such reports, documents and information with the SEC
pursuant to the Exchange Act, LGEC will nevertheless make available such Exchange Act reports, documents and information to the Trustee and the Holders through its publicly available website as if LGEC were subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act within the time periods specified therein or in the relevant forms, which requirement may be satisfied by posting such reports, documents and information on its website within the time periods specified
by this Section 4.03. For the avoidance of doubt, the information and reports referred to in this Section 4.03(a) shall not be required to contain separate financial information for Guarantors that would be required under Rule 3-10 of Regulation S-X promulgated by the SEC (or any successor provision). 

(b) The Trustee shall have no responsibility to determine if and when any of the reports required by (a) above have been filed or posted
on any website. Delivery of the reports required by (a) above to the Trustee is for informational purposes only and the Trustee’s receipt of such reports will not constitute constructive notice of any information contained therein or
determinable from information contained therein, including LGEC’s or any other parties’ compliance with any of its covenants in this Indenture (as to which the Trustee will be entitled to rely exclusively on Officers’ Certificates
that are delivered). 
 (c) If any of LGEC’s Subsidiaries have been designated as Unrestricted Subsidiaries and such Unrestricted
Subsidiaries, either individually or collectively, would otherwise have been a Significant Subsidiary, then LGEC shall provide, either (in its discretion) (1) on LGEC’s investor relations website or (2) in the annual and quarterly
reports required by Section 4.03(a), within the applicable period after each fiscal quarter or fiscal year for the delivery of quarterly or annual financial information under Section 4.03(a), a reasonably detailed presentation, as
determined in good faith by senior management of LGEC, of the financial condition and results of operations of LGEC, the other Guarantors, the Issuer and the Restricted Subsidiaries separate from the financial condition and results of operations of
the Unrestricted Subsidiaries. 

  
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 (d) The Issuer and the Guarantors will make available to the Holders and to prospective
investors, upon the request of such Holders, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long as the Notes are not freely transferable under the Securities Act. For purposes of this
Section 4.03, the Issuer and the Guarantors will be deemed to have furnished the reports to the Holders as required by this Section 4.03 if LGEC has filed such reports with the SEC via the EDGAR or any successor filing system and such
reports are publicly available. 
 (e) In the event that: (1) the rules and regulations of the SEC permit LGEC and any direct or
indirect parent of LGEC to report at such parent entity’s level on a consolidated basis and such parent entity is not engaged in any business in any material respect other than incidental to its ownership, directly or indirectly, of the capital
stock of LGEC, or (2) any direct or indirect parent of LGEC is or becomes a Guarantor of the Notes, consolidating reporting at such parent entity’s level in a manner consistent with that described above in this Section 4.03 for LGEC
will satisfy this Section 4.03, and LGEC is permitted to satisfy its obligations in this Section 4.03 with respect to financial information relating to LGEC by furnishing financial information relating to such direct or indirect parent;
provided that such financial information is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to such direct or indirect parent and any of its Subsidiaries other than LGEC
and its Subsidiaries, on the one hand, and the information relating to LGEC and its Subsidiaries on a standalone basis, on the other hand. 

Section 4.04 Compliance Certificate. 

(a) The Issuer shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Issuer, an Officers’ Certificate
indicating whether the signers thereof know of any Default that occurred during the previous year. 
 (b) The Issuer shall provide to the
Trustee, within 30 days after becoming aware of any Default, written notice specifying such Default. 
 Section 4.05 [reserved].

 Section 4.06 Stay, Extension and Usury Laws. 

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

  
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 Section 4.07 Limitation on Restricted Payments. 

(a) LGEC will not, and will not permit any of the Restricted Subsidiaries, directly or indirectly, to: 

(1) declare or pay any dividend or make any distribution (whether made in cash, securities or other property) on or in respect
of LGEC’s or any of its Restricted Subsidiaries’ Capital Stock (including any payment in connection with any merger, amalgamation or consolidation involving LGEC or any of its Restricted Subsidiaries) other than: 

(A) dividends or distributions by LGEC payable solely in Capital Stock (other than Disqualified Stock) of LGEC; 

(B) dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or distribution payable on or
in respect of any Capital Stock issued by a Restricted Subsidiary that is not a Wholly-Owned Subsidiary, LGEC or a Restricted Subsidiary holding such Capital Stock receives at least its pro rata share of such dividend or distribution; or 

(C) cash payments made to (or on behalf of) current and former officers, directors and employees of LGEC and its Subsidiaries
to pay tax liabilities incurred by such Persons upon the vesting of equity interests of any kind held thereby, including restricted stock units; 

(2) purchase, redeem, retire or otherwise acquire for value any Capital Stock of LGEC or any direct or indirect parent of LGEC
held by Persons other than LGEC or a Restricted Subsidiary (other than in exchange for Capital Stock of LGEC (other than Disqualified Stock)), including in connection with any merger, amalgamation or consolidation; 

(3) make any principal payment on, or purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior to
any scheduled repayment, scheduled sinking fund payment or scheduled maturity, any Subordinated Obligations, other than: 

(A) Indebtedness permitted under Section 4.09(c)(4); or 

(B) the purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Obligations purchased
in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement; or 

(4) make any Restricted Investment in any Person; 

(all such payments and other actions referred to in the foregoing clauses (1) through (4) (other than any exception thereto) shall be collectively
referred to as a “Restricted Payment”), unless, at the time of and after giving effect to such Restricted Payment: 

(A) no Default shall have occurred and be continuing (or would result therefrom); 

(B) in the case of a Restricted Payment of the type referred to in clauses (1) through (3) above, the Net Secured Leverage
Ratio after giving effect, on a Pro Forma Basis, to such Restricted Payment would not be greater than 5.25 to 1.00; and 

  
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 (C) the aggregate amount of such Restricted Payment and all other Restricted
Payments declared or made subsequent to the Assumption Date (excluding Restricted Payments made pursuant to clauses (1), (2), (3), (4), (6), (7), (8), (9), (10), (11), (12), (13) and (14) of Section 4.07(b)) would not exceed the sum of
(without duplication): 
 (i) 100% of Adjusted EBITDA of LGEC and its Restricted Subsidiaries for the period (treated as one
accounting period) from the Assumption Date to the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which financial statements have been delivered or were required to be delivered pursuant to
Section 4.03 less 1.4 times the Consolidated Applicable Interest Charge of LGEC and the Restricted Subsidiaries for the same period; plus 

(ii) 100% of the aggregate Net Cash Proceeds and the Fair Market Value of any property other than cash received by LGEC from
the issue or sale of its Capital Stock (other than Disqualified Stock) or other capital contributions subsequent to the Assumption Date (other than Net Cash Proceeds received from an issuance or sale of such Capital Stock to a Subsidiary of LGEC or
to an employee stock ownership plan, option plan or similar trust to the extent such sale to an employee stock ownership plan or similar trust is financed by loans from or Guaranteed by LGEC or any Restricted Subsidiary unless such loans have been
repaid with cash on or prior to the date of determination) excluding in any event Excluded Contributions; plus 

(iii) the amount by which Indebtedness of LGEC or its Restricted Subsidiaries is reduced on LGEC’s consolidated balance
sheet upon the conversion or exchange (other than by a Subsidiary of LGEC) subsequent to the Assumption Date of any Indebtedness of LGEC or its Restricted Subsidiaries for Capital Stock (other than Disqualified Stock) of LGEC or any direct or
indirect parent of LGEC (less the amount of any cash, or the Fair Market Value of any other property, distributed by LGEC upon such conversion or exchange); plus 

(iv) the amount equal to the net reduction in Restricted Investments made by LGEC or any of the Restricted Subsidiaries in any
Person resulting from: 
 (A) repurchases or redemptions of such Restricted Investments by such Person, proceeds realized
upon the sale of such Restricted Investment to an unaffiliated purchaser, repayments of loans or advances or other transfers of assets (including by way of dividend or distribution) by such Person to LGEC or any Restricted Subsidiary; or 

(B) the redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries or the merger, amalgamation or consolidation of
an Unrestricted Subsidiary with and into LGEC or any of its Restricted Subsidiaries (valued in each case as provided in the definition of “Investment”) not to exceed the amount of Investments previously made by LGEC or any Restricted
Subsidiary in such Unrestricted Subsidiary, 

  
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 which amount in each case under this clause (iv) was included in the calculation of the
amount of Restricted Payments; provided, however, that no amount will be included under this clause (iv) to the extent it is already included in Adjusted EBITDA; plus 

(v) $150,000,000. 

(b) The foregoing provisions of Section 4.07(a) will not prohibit: 

(1) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Capital Stock, Disqualified Stock or
Subordinated Obligations of the Issuer or any Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, Capital Stock of LGEC or contributions to the equity capital of LGEC (other than Disqualified Stock and
other than Capital Stock issued or sold to a Subsidiary of LGEC or an employee stock ownership plan or similar trust to the extent such sale to an employee stock ownership plan or similar trust is financed by loans from or Guaranteed by LGEC or any
Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination); provided, however, that the Net Cash Proceeds from such sale of Capital Stock will be excluded from clause (C)(ii) of
Section 4.07(a); 
 (2) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of
Subordinated Obligations of the Issuer or any Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, Subordinated Obligations of the Issuer or any Guarantor that, in each case, is permitted to be Incurred
pursuant to Section 4.09 and that, in each case, constitutes Refinancing Indebtedness; 
 (3) any purchase, repurchase,
redemption, defeasance or other acquisition or retirement of Disqualified Stock of LGEC or a Restricted Subsidiary made by exchange for or out of the proceeds of the substantially concurrent sale of Disqualified Stock of LGEC or such Restricted
Subsidiary, as the case may be, that, in each case, is permitted to be Incurred pursuant to Section 4.09 and that, in each case, constitutes Refinancing Indebtedness; 

(4) any purchase or redemption of Subordinated Obligations from Net Available Cash to the extent the Issuer has complied with
its obligations to utilize such Net Available Cash pursuant to Section 4.10; 
 (5) dividends or distributions paid
within 60 days after the date of declaration if at such date of declaration such dividends or distributions would have complied with this provision; 

  
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 (6) the purchase, redemption or other acquisition, cancellation or
retirement for value of Capital Stock, or options, warrants, equity appreciation rights or other rights to purchase or acquire Capital Stock of LGEC or any direct or indirect parent of LGEC, or cash dividends distributed to any direct or indirect
parent of LGEC for the purpose of consummating such purchase, redemption or other acquisition, cancellation or retirement for value; provided that such redemptions or repurchases pursuant to this clause (6) will not exceed $75,000,000 in
the aggregate during any fiscal year; provided, further, that (x) such amount, if not so expended in the fiscal year for which it is permitted, may be carried forward in the next fiscal year and (y) redemptions or repurchases made pursuant
to this clause (6) during any fiscal year shall be deemed made first in respect of amounts carried over from the prior fiscal year and second in respect of amounts permitted for such fiscal year as provided above; 

(7) the declaration and payment of dividends to holders of any class or series of Disqualified Stock of LGEC permitted to be
Incurred pursuant to Section 4.09; 
 (8) repurchases of Capital Stock deemed to occur upon the exercise of stock
options, warrants, other rights to purchase Capital Stock or other convertible securities if such Capital Stock represents a portion of the exercise price thereof; 

(9) the declaration and payment of cash dividends, distributions, loans or other transfers by LGEC to any direct or indirect
parent of LGEC, directly or indirectly, in amounts required for such parent entity to pay, in each case without duplication: 

(A) federal, provincial, state, local or foreign income taxes payable to the extent that such income taxes are directly
attributable to the income of LGEC and its Subsidiaries (rather than the income of such parent entity resulting from distributions of property from LGEC or any Subsidiary) and only to the extent such taxes are not offset by applicable tax credits,
tax losses or other assets; provided that in each case the amount of such payments in any fiscal year does not exceed the amount that LGEC and its Subsidiaries would be required to pay in respect of federal, provincial, state, local and
foreign income taxes for such fiscal year were LGEC and its Subsidiaries to pay such taxes separately from any such parent entity; 

(B) franchise taxes and other fees required to maintain such parent entity’s legal existence; and 

(C) corporate overhead expenses Incurred in the ordinary course of business, and salaries or other compensation of employees
who perform services for both such parent entity and LGEC or its Subsidiaries; provided that the amount available under this clause (C) in any fiscal year shall not exceed the greater of (i) $25,000,000 and (ii) 3.0% of Adjusted EBITDA
of LGEC for such fiscal year; 
 (10) purchases of Receivables Financing Assets pursuant to a Receivables Financing
Repurchase Obligation in connection with a Qualified Receivables Financing and the payment or distribution of Receivables Financing Fees; 

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

(12) other Restricted Payments made in an aggregate amount (as reduced by the amount of capital returned from any such
Restricted Payments that constituted Restricted Investments in the form of cash and Cash Equivalents (exclusive of items reflected in Consolidated Net Income)) from the Assumption Date not to exceed $150,000,000; 

  
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 (13) Restricted Payments of the type referred to in clauses (1) or (2)
of Section 4.07(a); provided, however, that at the time of and after giving pro forma effect to any such Restricted Payment, the Net Total Leverage Ratio is not greater than 4.00 to 1.00 on a Pro Forma Basis; and 

(14) Restricted Payments of the type referred to in clauses (3) or (4) of Section 4.07(a); provided,
however, that at the time of and after giving pro forma effect to any such Restricted Payment, the Net Total Leverage Ratio is not greater than 4.50 to 1.00 on a Pro Forma Basis; 

provided, however, that at the time of and after giving effect to, any Restricted Payment permitted under clauses (4), (6), (11), (12), (13) and
(14) of this Section 4.07(b), no Default shall have occurred and be continuing or would occur as a consequence thereof. 
 (c) The
amount of all Restricted Payments (other than cash) shall be the Fair Market Value on the date of such Restricted Payment of the asset(s) or securities proposed to be paid, transferred or issued by LGEC or such Restricted Subsidiary, as the case may
be, pursuant to such Restricted Payment. 
 (d) All of LGEC’s Subsidiaries will be Restricted Subsidiaries, except for the Initial
Unrestricted Subsidiaries. The Issuer is not permitted to be designated as an Unrestricted Subsidiary. LGEC will not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except in accordance with the definition of “Unrestricted
Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by LGEC and the Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated will be deemed
to be Restricted Payments and/or, in the discretion of LGEC, Investments, in an amount determined as set forth in the definition of “Investment.” Such designation will be permitted only if a Restricted Payment (and/or Permitted Investment)
in such amount would be permitted at such time and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. Unrestricted Subsidiaries will not be subject to any of the restrictive covenants set forth in this Indenture. 

Section 4.08 Limitation on Restrictions on Distribution from Restricted Subsidiaries. 

(a) LGEC will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or permit to exist or
become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 
 (1)
pay dividends or make any other distributions on its Capital Stock to LGEC or any of its Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits (it being understood that the priority of any
Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions being paid on any other Capital Stock shall not be deemed a restriction on the ability to make distributions on Capital Stock); or

  
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 (2) make any loans or advances to LGEC or any Restricted Subsidiary (it
being understood that the subordination of loans or advances made to LGEC or any Restricted Subsidiary to other Indebtedness Incurred by LGEC or any Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances).

 (b) The restrictions in Section 4.08(a) will not apply to encumbrances or restrictions existing under or by reason
of: 
 (1) contractual encumbrances or restrictions pursuant to an agreement in effect on the Issue Date, including without
limitation, the Senior Credit Facility (and the guarantee and security and other documents relating thereto); 
 (2) this
Indenture, the Notes and the Notes Guarantees; 
 (3) any agreement or other instrument of a Person acquired by LGEC or any
of its Restricted Subsidiaries in existence at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the
Person and its Subsidiaries, or the property or assets of the Person and its Subsidiaries, so acquired (including after acquired property); 

(4) any amendment, restatement, modification, renewal, supplement, refunding, replacement or refinancing of an agreement or
arrangement referred to in this Section 4.08; provided, however, that any encumbrances or restrictions contained in any such amendments, restatements, modifications, renewals, supplements, refundings, replacements or
refinancings are, in the good faith judgment of LGEC, no less favorable in any material respect, taken as a whole, to the Holders of the Notes than the encumbrances and restrictions contained in the agreements or arrangement so amended, restated,
modified, renewed, supplemented, refunded, replaced or refinanced; 
 (5) purchase money obligations and Finance Lease
Obligations permitted under this Indenture; 
 (6) customary restrictions on cash or other deposits or net worth imposed by
customers or by co-production partners, Joint Venture partners or similar parties under contracts; 

(7) any customary provisions in Joint Venture agreements and other similar agreements; 

(8) any customary provisions in leases, subleases or licenses and other agreements entered into by LGEC or any Restricted
Subsidiary; 
 (9) encumbrances or restrictions arising or existing by reason of applicable law or any applicable rule,
regulation or order; 
 (10) any restriction with respect to LGEC or a Restricted Subsidiary or any asset or line of business
thereof imposed pursuant to an agreement entered into for the sale or disposition of all or substantially all the Capital Stock or assets of LGEC or such Restricted Subsidiary or any asset or line of business thereof pending the closing of such sale
or disposition; 

  
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 (11) imposed by any agreement relating to Indebtedness or Investments, as
applicable, permitted to be Incurred pursuant to Section 4.07, Section 4.09 or the definition of “Permitted Investment,” in each case, if such restrictions or conditions apply only to the property or assets securing such
Indebtedness or Investments and/or only to the Restricted Subsidiary incurring such Indebtedness or in which such Investments are made, or its Subsidiaries; 

(12) other Indebtedness, Disqualified Stock or Preferred Stock of LGEC or any Restricted Subsidiary so long as such
encumbrances and restrictions contained in any agreement or instrument will not materially affect the Issuer’s or any Guarantor’s ability to make anticipated principal or interest payments on the Notes (in each case, as determined in good
faith by the Issuer); provided that such Indebtedness, Disqualified Stock or Preferred Stock is permitted to be Incurred pursuant to Section 4.09; 

(13) any restrictions or encumbrances imposed on Special Purpose Producers or ProdCos, or otherwise in connection with any
Permitted Slate Financing or Permitted Slate Transaction, in each case which are customary for slate or production financing or similar transactions; and 

(14) any encumbrance or restriction of a Receivables Subsidiary effected in connection with a Qualified Receivables Financing;
provided, however, that such restrictions apply only to such Receivables Subsidiary. 
 Section 4.09 Limitation on
Indebtedness. 
 (a) LGEC will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Secured
Funded Indebtedness; provided, however, that the Issuer and the Guarantors may Incur Secured Funded Indebtedness if on the date thereof and after giving effect thereto and to the application of the proceeds thereof on a Pro Forma
Basis: 
 (1) the Net Secured Leverage Ratio is not greater than 4.50 to 1.00; and 

(2) no Default or Event of Default shall have occurred and be continuing or would occur as a consequence of Incurring such
Secured Funded Indebtedness or the application of the proceeds thereof. 
 (b) LGEC will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly Incur any Indebtedness; provided, however, that the Issuer and the Guarantors may Incur Indebtedness if on the date thereof and after giving effect thereto and to the application of the proceeds
thereof on a Pro Forma Basis: 
 (1) the Net Total Leverage Ratio is not greater than 6.00 to 1.00; and 

(2) no Default or Event of Default shall have occurred and be continuing or would occur as a consequence of Incurring such
Indebtedness or the application of the proceeds thereof. 

  
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 (c) The provisions of Section 4.09(a) and Section 4.09(b) shall not prohibit the
Incurrence of the following Indebtedness: 
 (1) (A) Indebtedness under the Senior Credit Facility or any other Indebtedness
in an aggregate principal outstanding amount not to exceed $4,000,000,000, less the amount of such Indebtedness that is permanently retired (with a corresponding reduction in commitments to the extent such Indebtedness is revolving credit
Indebtedness) with the Net Available Cash from any Asset Sale after the Issue Date in accordance with Section 4.10(a)(3)(A); 

(B) Indebtedness under the Senior Credit Facility or any other Indebtedness in an aggregate principal outstanding amount not to
exceed $500,000,000 (any Indebtedness incurred under this clause (1)(B), “Incremental Equivalent Debt”); and 

(C) Indebtedness represented by (i) the Notes (including any Notes Guarantee), other than any Additional Notes, and
(ii) the LGEC 2024 Notes, the LGCH 5.875% 2024 Notes and the LGCH 6.375% 2024 Notes; 
 (2) Indebtedness of LGEC and the
Restricted Subsidiaries in existence on the Issue Date (other than Indebtedness described in clause (1) above and clauses (3), (4) and (6) below); 

(3) Guarantees by (A) the Issuer or the Guarantors of Indebtedness permitted to be Incurred by the Issuer or a Guarantor
in accordance with the provisions of this Indenture; provided that in the event such Indebtedness that is being Guaranteed is a Subordinated Obligation, then the related Guarantee shall be subordinated in right of payment to the Notes or the
Notes Guarantee, as the case may be, substantially to the same extent as such Indebtedness is subordinated to the Notes or Notes Guarantee, as applicable, and (B) Non-Guarantor Subsidiaries of
Indebtedness Incurred by Non-Guarantor Subsidiaries in accordance with the provisions of this Indenture; 

(4) Indebtedness of LGEC owing to and held by any Wholly-Owned Subsidiary or Indebtedness of a Restricted Subsidiary owing to
and held by LGEC or any Wholly-Owned Subsidiary; provided, however, 
 (A) if the Issuer is the obligor on
Indebtedness owing to a Non-Guarantor Subsidiary, such Indebtedness is expressly subordinated to the prior payment in full in cash of all obligations with respect to the Notes; 

(B) if a Guarantor is the obligor on such Indebtedness and the Issuer or a Guarantor is not the obligee, such Indebtedness is
subordinated in right of payment to the Notes Guarantee of such Guarantor; and 
 (C) (i) any subsequent issuance or
transfer of Capital Stock or any other event which results in any such Indebtedness being held by a Person other than LGEC or a Wholly-Owned Subsidiary of LGEC; and 

(ii) any sale, assignment, transfer, conveyance, exchange or other disposition of any such Indebtedness to a Person other than
LGEC or a Wholly-Owned Subsidiary of LGEC shall be deemed, in each case, to constitute an Incurrence of such Indebtedness by LGEC or such Subsidiary, as the case may be. 

  
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 (5) Indebtedness (A) of LGEC or any Restricted Subsidiary Incurred to
finance the acquisition of or a merger, amalgamation or consolidation with another Person (or a line of business of any Person) or (B) of any Person Incurred and outstanding on the date on which such Person became a Restricted Subsidiary or was
acquired by, or merged, amalgamated or consolidated into, LGEC or any Restricted Subsidiary; provided, however, that at the time such Person or line of business is acquired or merged, amalgamated or consolidated, after giving effect
thereto and to the Incurrence of such Indebtedness pursuant to this clause (5) and the use of the proceeds thereof on a Pro Forma Basis, either (x) LGEC would have been able to Incur $1.00 of additional Indebtedness pursuant to
Section 4.09(b) or (y) the Net Total Leverage Ratio would be no greater than it was immediately prior to such transaction; 

(6) Indebtedness under Hedging Obligations that are Incurred (A) for the purpose of fixing or hedging interest rate risk
with respect to any Indebtedness not prohibited by this Indenture; (B) for the purpose of fixing or hedging currency exchange rate risk; or (C) for the purpose of fixing or hedging commodity price risk; 

(7) Indebtedness (including Finance Lease Obligations) of LGEC or a Restricted Subsidiary Incurred to finance the purchase,
lease, construction or improvement of any property, plant or equipment used or to be used in the business of LGEC or such Restricted Subsidiary, whether through the direct purchase of such property, plant or equipment or the purchase of Capital
Stock of any Person owning such property, plant or equipment (but no other material assets), in a principal amount outstanding not to exceed, at the time of Incurrence thereof, together with all other outstanding (x) Indebtedness incurred under
this clause (7) and (y) Refinancing Indebtedness incurred under clause (11) in respect of Indebtedness previously incurred under this clause (7), the greater of (a) $315,000,000 and (b) 3.0% of Total Assets; 

(8) Indebtedness Incurred by LGEC or its Restricted Subsidiaries in respect of workers’ compensation claims, health,
disability or other employee benefits or property, casualty or liability insurance, self-insurance obligations, performance, bid surety and similar bonds and Completion Guarantees (not for borrowed money)
provided by LGEC or a Restricted Subsidiary in the ordinary course of business; 
 (9) Indebtedness arising from agreements
of LGEC or a Restricted Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in each case, Incurred or assumed in connection with the disposition of any business or assets of LGEC or any business, assets or
Capital Stock of a Restricted Subsidiary, other than Guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; provided that the
maximum aggregate liability in respect of all such Indebtedness shall at no time exceed the gross proceeds, including non-cash proceeds (the Fair Market Value of such
non-cash proceeds being measured at the time received and without giving effect to subsequent changes in value), actually received by LGEC and the Restricted Subsidiaries in connection with such disposition;

  
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 (10) Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five
Business Days of Incurrence; 
 (11) the Incurrence or issuance by LGEC or any Restricted Subsidiary of Refinancing
Indebtedness that serves to refund, refinance or defease any Indebtedness Incurred as permitted under Section 4.09(a) and Section 4.09(b) and clauses (1)(C), (2), (5), (7), (19) and this clause (11) of this Section 4.09(c) or any
Indebtedness issued to so refund, refinance or defease such Indebtedness, including additional Indebtedness Incurred to pay premiums (including reasonable, as determined in good faith by LGEC, tender premiums), defeasance costs, accrued interest and
fees and expenses in connection therewith prior to its respective maturity; 
 (12) Indebtedness incurred by LGEC or any
Restricted Subsidiary that is a Special Purpose Producer which is non-recourse to LGEC or any Restricted Subsidiary other than any Special Purpose Producer, except to the extent that a Negative Pick-up Obligation, Program Acquisition Guarantee or short-fall guarantee, or any other guarantee permitted by clause (18) below, would be considered recourse Indebtedness of LGEC or any of its Restricted
Subsidiaries; 
 (13) (A) to the extent constituting Indebtedness pursuant to the definition thereof, any Permitted Slate
Financing and (B) any Indebtedness incurred by any ProdCo to the extent not prohibited by the definition of “Permitted Slate Transaction”; 

(14) Replication Advances not to exceed $100,000,000 outstanding in the aggregate at the time of Incurrence thereof, which are
otherwise entered into in the ordinary course of business and on terms and conditions substantially no less favorable in any material respect, taken as a whole, to LGEC as similar transactions entered into by LGEC or its Subsidiaries prior to the
Issue Date; 
 (15) Indebtedness secured solely by liens on tax credits which is otherwise
non-recourse to LGEC and any Restricted Subsidiary, other than customary representations and warranties; 

(16) liabilities relating to profit participations, revenue participations, talent participations, deferments and guild
residuals, and music royalties, collection agencies and tribunals (e.g., ASCAP), arising in the ordinary course of business in connection with the production, acquisition and/or distribution of Product; 

(17) unsecured liabilities (including without limitation Guarantees) or liabilities (including without limitation Guarantees)
secured solely by the related rights related to the acquisition, production or distribution of Product or acquisitions of rights incurred in the ordinary course of business (including co-productions, co-ventures and other co-financing arrangements), which are not otherwise prohibited hereunder, in an amount no greater than $30,000,000 outstanding in the aggregate at the
time of Incurrence thereof; 
 (18) Negative Pick-up Obligations, Program Acquisition
Guarantees and direct or indirect guarantees (including minimum guarantees) related to the acquisition or production of items of Product in the ordinary course of business; and 

  
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 (19) in addition to the items referred to in clauses (1) through (18)
above, Indebtedness of LGEC and the Restricted Subsidiaries in an aggregate outstanding principal amount not to exceed, at the time of Incurrence thereof, together with all other outstanding (x) Indebtedness incurred under this clause
(19) and (y) Refinancing Indebtedness incurred under clause (11) in respect of Indebtedness previously incurred under this clause (19), the greater of (a) $315,000,000 and (b) 3.0% of Total Assets. 

(d) For purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and
in compliance with, this Section 4.09: 
 (1) subject to clause (2) below, in the event that Indebtedness meets the
criteria of more than one of the types of Indebtedness described in Section 4.09(a), 4.09(b) or Section 4.09(c), LGEC, in its sole discretion, may classify such item (or portion) of Indebtedness on the date of Incurrence and may later re-divide or reclassify such item (or portion) of Indebtedness in any manner that complies with this Section 4.09; provided that (x) Indebtedness outstanding under the Senior Credit Facility on the
Issue Date shall in any event be deemed to be Incurred solely under clause (1)(A) of Section 4.09(c) and may not be reclassified and (y) Incremental Equivalent Debt shall in any event be deemed to be Incurred solely under clause (1)(B) of
Section 4.09(c) and may not be reclassified; 
 (2) Guarantees of, or obligations in respect of letters of credit
relating to, Indebtedness that is otherwise included in the determination of a particular amount of Indebtedness shall not be included; 

(3) if obligations in respect of letters of credit are Incurred pursuant to a credit facility and are being treated as Incurred
pursuant to Section 4.09(a) or Section 4.09(b) and the letters of credit relate to other Indebtedness, then such other Indebtedness shall not be included; 

(4) the principal amount of any Disqualified Stock of LGEC or a Restricted Subsidiary, or Preferred Stock of a Restricted
Subsidiary that is not a Guarantor, will be, subject to the next succeeding paragraph, equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the
liquidation preference thereof; 
 (5) Indebtedness permitted by this Section 4.09 need not be permitted solely by
reference to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more other provisions of this Section 4.09 permitting such Indebtedness; and 

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

  
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 Accrual of interest, accrual of dividends, the accretion of accreted value or the
amortization of debt discount, the payment of interest in the form of additional Indebtedness and the payment of dividends in the form of additional shares of Preferred Stock or Disqualified Stock will not be deemed to be an Incurrence of
Indebtedness for purposes of this Section 4.09. The amount of any Indebtedness outstanding as of any date shall be (i) the accreted value thereof in the case of any Indebtedness issued with original issue discount or the aggregate
principal amount outstanding in the case of Indebtedness issued with interest payable in kind and (ii) the principal amount or liquidation preference thereof, together with any interest thereon that is more than 30 days past due, in the
case of any other Indebtedness. 
 If at any time an Unrestricted Subsidiary becomes a Restricted Subsidiary, any Indebtedness of such
Subsidiary shall be deemed to be Incurred by a Restricted Subsidiary as of such date (and, if such Indebtedness is not permitted to be Incurred as of such date under this Section 4.09, the Issuer shall be on such date in Default of this
Section 4.09). 
 For purposes of determining compliance with any Dollar denominated restriction on the Incurrence of Indebtedness, the
Dollar equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term Indebtedness, or first
committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable Dollar denominated
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such Dollar denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such
Refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. Notwithstanding any other provision of this Section 4.09, the maximum amount of Indebtedness that LGEC or the Restricted Subsidiaries may Incur
pursuant to this Section 4.09 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a
different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Refinancing Indebtedness is denominated that is in effect on the date of such refinancing.

 Section 4.10 Sales of Assets. 

(a) LGEC will not, and will not permit any Restricted Subsidiaries to, cause or make any Asset Sale, unless: 

(1) LGEC or such Restricted Subsidiary, as the case may be, receives consideration at least equal to the Fair Market Value
(such Fair Market Value to be determined on the date of contractually agreeing to such Asset Sale) of the shares and assets subject to such Asset Sale; 

(2) at least 75% of the consideration from such Asset Sale received by LGEC or such Restricted Subsidiary, as the case may be,
is in the form of cash or Cash Equivalents; and 
 (3) an amount equal to 100% of the Net Available Cash from such Asset Sale
is applied by LGEC or such Restricted Subsidiary, as the case may be, within twelve months from the later of the date of such Asset Sale or the receipt of such Net Available Cash, as follows: 

  
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 (A) to permanently reduce (and, to the extent such Indebtedness is revolving
credit Indebtedness, to permanently reduce any commitments with respect thereto): (i) obligations under the Senior Credit Facilities, or (ii) Indebtedness of LGEC (other than any Disqualified Stock or Subordinated Obligations) that is secured
by a Lien or Indebtedness of a Restricted Subsidiary (other than any Disqualified Stock or a Guarantor’s Subordinated Obligations) that is secured by a Lien (in each case other than Indebtedness owed to LGEC or an Affiliate of LGEC); 

(B) to permanently reduce obligations under other Indebtedness of LGEC (other than any Disqualified Stock or Subordinated
Obligations) or Indebtedness of a Restricted Subsidiary (other than any Disqualified Stock or a Guarantor’s Subordinated Obligations) (in each case other than Indebtedness owed to LGEC or an Affiliate of LGEC ); provided that the Issuer
shall equally and ratably reduce Obligations under the Notes as provided under Section 3.07 through open market purchases or by making an offer (in accordance with the procedures set forth in this Section 4.10 for an Asset Sale Offer) to
all Holders to purchase their Notes at 100% of the principal amount thereof, plus the amount of accrued and unpaid interest on the amount of Notes that would otherwise be prepaid; or 

(C) to invest in Additional Assets, or make capital expenditures that are used or useful in a Related Business or that replace
the businesses, properties and/or assets that are the subject of such Asset Sale; 
 provided that pending the final application of
any such Net Available Cash in accordance with clause (A), (B) or (C) above, LGEC or any of its Restricted Subsidiaries may temporarily reduce Indebtedness (including, without limitation, Indebtedness outstanding under a revolving credit
facility) or otherwise invest such Net Available Cash in any manner not prohibited by this Indenture. 
 In the case of clause (3)(C) above,
a binding commitment entered into within twelve months of receipt by LGEC or any Restricted Subsidiary of the Net Available Cash of any Asset Sale shall be treated as a permitted application of such Net Available Cash from the date of such
commitment; provided that (x) such investment is consummated within 180 days after expiration of such twelve-month period and (y) if such investment is not consummated within the period set forth in the foregoing subclause
(x), such Net Available Cash not so applied will be deemed to be Excess Proceeds (as defined below). 
 (4) For the purpose
of clause (2) above and for no other purpose, the following will be deemed to be cash: 
 (A) any liabilities (as shown
on LGEC’s or such Restricted Subsidiary’s most recent balance sheet) of LGEC or any Restricted Subsidiary (other than liabilities that are by their terms subordinated to the Notes or the Notes Guarantees) that are assumed by the transferee
of any such assets and from which LGEC and all Restricted Subsidiaries have been validly released by all creditors in writing; 

(B) any securities, notes or other obligations received by LGEC or any Restricted Subsidiary from the transferee that are
converted by LGEC or such Restricted Subsidiary into cash (to the extent of the cash received) within 180 days following the closing of such Asset Sale; 

  
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 (C) consideration consisting of Indebtedness of LGEC (other than
Subordinated Obligations) received from Persons who are not LGEC or any Restricted Subsidiary; and 
 (D) any Designated Non-cash Consideration received by LGEC or any Restricted Subsidiary in such Asset Sale having an aggregate Fair Market Value (as determined in good faith by LGEC), taken together with all other Designated Non-cash Consideration received in connection with Asset Sales that is at that time outstanding, not to exceed the greater of $160,000,000 and 1.5% of Total Assets at the time of the receipt of such Designated Non-cash Consideration (with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to
subsequent changes in value). 
 (b) Any Net Available Cash from Asset Sales that are not applied or invested as provided in
Section 4.10(a) shall be deemed to constitute “Excess Proceeds.” If the aggregate amount of Excess Proceeds received by LGEC exceeds $60,000,000 (the “Asset Sale Threshold Amount”) in the aggregate for all
Asset Sales in any fiscal year of LGEC, the Issuer shall be required to make an offer to all Holders and to the extent required by the terms of outstanding Pari Passu Indebtedness, to all holders of such Pari Passu Indebtedness (an “Asset
Sale Offer”), to purchase the maximum aggregate principal amount of the Notes and any such Pari Passu Indebtedness that may be purchased out of the Excess Proceeds received by the Issuer in such fiscal year in excess of the Asset Sale
Threshold Amount, at an offer price in cash in an amount equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the date of purchase (subject to the right of Holders of record on the relevant Record
Date to receive interest due on the relevant Interest Payment Date) in accordance with the procedures set forth in Section 3.08 or the agreements governing the Pari Passu Indebtedness, as applicable, in each case in denominations of $2,000 and
integral multiples of $1,000 in excess thereof. The Issuer shall commence an Asset Sale Offer with respect to Excess Proceeds by mailing (or otherwise communicating in accordance with the procedures of DTC) the notice required by Section 3.08,
with a copy to the Trustee. 
 To the extent that the aggregate amount of Notes and Pari Passu Indebtedness validly tendered and not
properly withdrawn pursuant to an Asset Sale Offer is less than the Excess Proceeds in excess of the Asset Sale Threshold Amount, the Issuer may use any remaining Excess Proceeds for general corporate purposes, subject to other covenants contained
in this Indenture. If the aggregate principal amount of Notes surrendered by Holders thereof and other Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the amount of Excess Proceeds in excess of the Asset Sale
Threshold Amount, the Issuer shall repurchase the Notes and the Pari Passu Indebtedness on a pro rata basis unless otherwise required by law, and the Trustee shall select the Notes to be purchased on a pro rata basis on the basis of
the aggregate accreted value or principal amount of tendered Notes. Upon completion of such Asset Sale Offer, the amount of Excess Proceeds shall be reset at $0. 

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

(d) Notwithstanding any provision under this Section 4.10 to the contrary, (1) any amounts that would otherwise be required to be
paid or offered by LGEC or a Restricted Subsidiary pursuant to this Section 4.10 shall not be required to be so paid or offered to the extent any such Asset Sale is consummated by a Subsidiary outside of the United States or Canada for so long
as the repatriation to the United States, Canada or other relevant jurisdiction of any such amounts would be prohibited under any applicable law (including any such laws with respect to financial assistance, corporate benefit, thin capitalization,
capital maintenance, liquidity maintenance and similar legal principles, restrictions on upstreaming of cash intra group and the fiduciary and statutory duties of the directors of the relevant Subsidiaries) and (2) if the Issuer determines in
good faith that the repatriating of any amounts required to repay or purchase the Notes or other Indebtedness pursuant to this Section 4.10 would result in a tax liability that is material to the amount of funds otherwise required to be
repatriated (including any withholding tax) (such amount in clauses (1) and (2), a “Restricted Asset Sale Amount”), the amount the Issuer shall be required to make in respect of payments or offers pursuant to this
Section 4.10 shall be reduced by the Restricted Asset Sale Amount until such time as it may repatriate such Restricted Asset Sale Amount without incurring such tax liability. 

Section 4.11 Limitation on Affiliate Transactions. 

(a) LGEC will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or conduct any transaction
(including the purchase, sale, lease, exchange or other disposition of any property or asset or the rendering of any service) with any Affiliate of LGEC (an “Affiliate Transaction”) involving consideration in excess of
$30,000,000 unless: 
 (1) the terms of such Affiliate Transaction are not materially less favorable to LGEC or such
Restricted Subsidiary, as the case may be, than those that could have been obtained by LGEC or such Restricted Subsidiary in a comparable transaction with a Person that is not an Affiliate; and 

(2) in the event such Affiliate Transaction involves an aggregate consideration in excess of $60,000,000 (or with respect to
transactions involving any item of Product, $90,000,000), the terms of such transaction have been approved by a majority of the members of the Board of Directors of LGEC and by a majority of the members of such Board of Directors having no personal
stake in such transaction, if any (and such majority or majorities, as the case may be, determines that such Affiliate Transaction satisfies the criteria in clause (1) above). 

(b) The provisions of Section 4.11(a) will not apply to: 

(1) (A) transactions between or among LGEC and any of its Restricted Subsidiaries, and (B) any merger, amalgamation or
consolidation of LGEC and any direct parent of LGEC; provided, however, that such parent shall have no Indebtedness other than Indebtedness that would be permitted to be Incurred by LGEC at the time of such merger, amalgamation or
consolidation and such merger, amalgamation or consolidation is otherwise not prohibited by the terms of this Indenture; 

  
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 (2) any Restricted Payment permitted to be made pursuant to
Section 4.07 or any Permitted Investments; 
 (3) any loan or issuance of securities, or other payments, awards or
grants in cash, securities or otherwise pursuant to, or the funding of, employment agreements and other compensation arrangements, options to purchase Capital Stock of LGEC, restricted stock plans, long-term incentive plans, stock appreciation
rights plans, participation plans or similar employee benefits plans and/or indemnity provided on behalf of Officers and employees; 

(4) the payment of reasonable and customary fees and reimbursement of expenses paid to and indemnity provided on behalf of,
directors of LGEC or any Restricted Subsidiary; 
 (5) any agreement as in effect as of the Issue Date, as these agreements
may be amended, modified, supplemented, extended or renewed from time to time, so long as any such amendment, modification, supplement, extension or renewal is not more disadvantageous to the Holders in any material respect in the good faith
judgment of LGEC when taken as a whole than the terms of the agreements in effect on the Issue Date; 
 (6) any agreement
between any Person and an Affiliate of such Person existing at the time such Person is acquired by or merged, amalgamated or consolidated into LGEC or a Restricted Subsidiary; provided, that such agreement was not entered into in
contemplation of such acquisition, merger, amalgamation or consolidation, or any amendment thereto (so long as any such agreement is not disadvantageous to the Holders in the good faith judgment of LGEC when taken as a whole as compared to the
applicable agreement as in effect on the date of such acquisition, merger, amalgamation or consolidation); 
 (7)
transactions with customers, clients, suppliers, Joint Venture partners or purchasers or sellers of goods or services (including, without limitation, licensing, production, co-production, services (e.g.,
shared services agreements), advertising, distribution, promotional or delivery agreements), in each case in the ordinary course of the business of LGEC and the Restricted Subsidiaries and otherwise in compliance with the terms of this Indenture;
provided that, in the reasonable determination of LGEC, such transactions are on terms that are no less favorable to LGEC or the relevant Restricted Subsidiary than those that could reasonably have been obtained at the time of such
transactions in a comparable transaction by LGEC or such Restricted Subsidiary with an unrelated Person; 
 (8) any issuance
or sale of Capital Stock (other than Disqualified Stock) to Affiliates of LGEC and the granting of registration and other customary rights in connection therewith; 

(9) the entering into of any tax sharing agreement or arrangement and the performance thereunder; 

  
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 (10) any contribution to the capital of LGEC, or any sale of Capital Stock
of LGEC (other than Disqualified Stock); 
 (11) transactions permitted by, and complying with, the provisions of
Section 5.01; 
 (12) pledges of Capital Stock of Unrestricted Subsidiaries; 

(13) any employment agreements entered into by LGEC or any of its Restricted Subsidiaries in the ordinary course of business;

 (14) any distribution, license, participation, sale, lease, production, reproduction or
co-financing agreement, guarantee, negative pick-up or other acquisition agreement, or other similar agreement to any of the foregoing, entered into in the ordinary
course of business and on an arm’s length basis; 
 (15) any Permitted Slate Transaction; and 

(16) any transaction effected as part of a Qualified Receivables Financing.
 
 Section 4.12 Limitation on Liens. 

LGEC will not, and will not permit any of the Restricted Subsidiaries to, directly or indirectly, create, Incur, assume or suffer to exist any
Lien (other than Permitted Liens) upon any of its property or assets (including Capital Stock of Subsidiaries), or income or profits therefrom, whether owned on the Assumption Date or acquired after that date, which Lien secures any Indebtedness
unless: 
 (a) in the case of Liens securing Subordinated Obligations, the Notes and related Guarantees are secured by a Lien on such
property or assets (including Capital Stock of Subsidiaries), or income or profits therefrom that is senior in priority to such Liens; or 

(b) in all other cases, the Notes or the Guarantees are equally and ratably secured. 

Any Lien created for the benefit of the Holders pursuant to this Section 4.12 shall provide by its terms that such Lien shall be
automatically and unconditionally released and discharged upon the release and discharge of the Lien(s) that gave rise to the obligation to so secure the Notes. 

Section 4.13 Corporate Existence. 

Subject to Article 5, the Issuer shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate
existence, in accordance with the organizational documents (as the same may be amended from time to time) of the Issuer. 

  
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 Section 4.14 Offer to Repurchase Upon Change of Control. 

(a) If a Change of Control occurs, unless the Issuer has exercised its right to redeem all of the Notes pursuant to Section 3.07, the
Issuer will make an offer to purchase all of the Notes (the “Change of Control Offer”) at a purchase price in cash equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to, but not including,
the date of purchase (the “Change of Control Payment”), subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date. Within 30 days following any Change of
Control, unless the Issuer has exercised its right to redeem all of the Notes pursuant to Section 3.07, the Issuer will send notice of such Change of Control Offer by first-class mail, with a copy to the Trustee (or the Issuer will provide such
notice to the Trustee, and the Trustee will mail, deliver electronically or otherwise send such notice in accordance with the procedures of DTC on the Issuer’s behalf), to each Holder, with the following information: 

(1) that a Change of Control Offer is being made pursuant to this Section 4.14 and that all Notes properly tendered
pursuant to such Change of Control Offer will be accepted for purchase by the Issuer at a purchase price in cash equal to the Change of Control Payment (subject to the right of Holders of record on the relevant Record Date to receive interest on the
relevant Interest Payment Date); 
 (2) the purchase date, which shall be no earlier than 30 days nor later than 60 days from
the date such notice is sent (the “Change of Control Payment Date”); 
 (3) that Notes must be tendered in
principal amount of $2,000 or an integral multiple of $1,000 in excess thereof, and any Note not properly tendered will remain outstanding and continue to accrue interest; 

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

(6) that Holders shall be entitled to withdraw their tendered Notes and their election to require the Issuer to purchase such
Notes; provided, that the Paying Agent receives at the address specified in the notice, not later than the close of business on the 30th day following the date of the Change of Control notice, a telegram, telex, facsimile transmission or
letter setting forth the name of the Holder of the Notes, the principal amount of Notes tendered for purchase, and a statement that such Holder is withdrawing its tendered Notes and its election to have such Notes purchased; 

(7) that if a Holder is tendering less than all of its Notes, such Holder will be issued new Notes equal in principal amount to
the unpurchased portion of the Notes surrendered; and that the unpurchased portion of the Notes must be equal to $2,000 or an integral multiple of $1,000 in excess thereof; and 

(8) the procedures, as determined by the Issuer, consistent with this Section 4.14, that a Holder must follow in order to
have its Notes repurchased. 

  
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 A Change of Control Offer may be made in advance of a Change of Control, and conditioned
upon the consummation of such Change of Control, if a definitive agreement is in place for such Change of Control at the time of making of the Change of Control Offer, and in such case the notice of the Change of Control Offer may state that, in the
Issuer’s discretion, the Change of Control Payment Date may be delayed until such time (including more than 60 days after the date the notice of redemption was delivered (or delivered electronically if the Notes are held by any Depositary)) as
such Change of Control occurs, or such purchase may not occur and such notice may be rescinded in the event that the Change of Control does not occur by the Change of Control Payment Date, or may be rescinded at any time in the Issuer’s
discretion if in the good faith judgment of the Issuer the Change of Control will not occur. 
 (b) On the Change of Control Payment Date,
the Issuer will, to the extent lawful: 
 (1) accept for payment all Notes or portions of Notes (in integral multiples of
$1,000) properly tendered pursuant to the Change of Control Offer; 
 (2) deposit with the Paying Agent no later than 12:00
Noon, New York time, on such date, an amount equal to the Change of Control Payment in respect of all Notes or portions of the Notes so tendered; and 

(3) deliver, or cause to be delivered, to the Trustee for cancellation the Notes so accepted together with an Officers’
Certificate to the Trustee stating the aggregate principal amount of Notes or portions of Notes being purchased by the Issuer in accordance with this Section 4.14. 

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

(c) Prior to making a Change of Control Payment, and as a condition to such payment (1) the requisite holders of each issue of Material
Indebtedness issued under an indenture or other agreement that would, in the determination of the Issuer, be violated by such payment shall have consented to such Change of Control Payment being made and waived the event of default, if any, caused
by the Change of Control or (2) the Issuer shall repay all such outstanding Material Indebtedness. The failure of the Issuer to effect such repayment or obtain such consent prior to making a Change of Control Payment shall be a Default under
this Section 4.14. 
 (d) The Issuer will not be required to make a Change of Control Offer upon a Change of Control if a third party
makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Issuer and purchases all Notes validly tendered and not
withdrawn under such Change of Control Offer. 
 (e) The Issuer will comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Section 4.14. To the extent that the provisions of any securities laws or
regulations conflict with provisions of this Indenture, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations described in this Indenture by virtue of the conflict. 

  
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 (f) If Holders of not less than 90% in aggregate principal amount of the outstanding Notes
validly tender and do not withdraw such Notes in a Change of Control Offer and the Issuer, or any third party making a Change of Control Offer in lieu of the Issuer as described above, purchases all of the Notes validly tendered and not withdrawn by
such Holders, the Issuer or such third party will have the right, upon notice as described in Section 3.03 and not more than 30 days following such purchase pursuant to the Change of Control Offer to redeem all Notes that remain outstanding
following such purchase at a price in cash equal to 101% of the aggregate principal amount of such Notes, plus accrued and unpaid interest on the Notes that remain outstanding to, but not including, the redemption date (subject to the right of
Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the redemption date). 

(g) Other than as specifically provided in this Section 4.14, any purchase pursuant to this Section 4.14 shall be made pursuant to
the provisions of Sections 3.02, 3.05 and 3.06. 
 Section 4.15 Future Guarantees. 

(a) The Issuer and LGEC will cause each Restricted Subsidiary (other than Receivables Subsidiaries) that Guarantees, on the Issue Date or at
any time thereafter, any Material Indebtedness of the Issuer or any Guarantor (and, without limiting the foregoing, the Issuer may, in its sole discretion, cause any other Restricted Subsidiary), if such Restricted Subsidiary is not a Guarantor
under this Indenture, to reasonably promptly (but in any event within 60 days) after guaranteeing such Material Indebtedness:  

(1) execute and deliver a supplemental indenture to this Indenture, the form of which is attached hereto as Exhibit C,
pursuant to which such Restricted Subsidiary will agree to be a Guarantor under this Indenture and be bound by the terms of this Indenture applicable to Guarantors, including, but not limited to, Article 10; provided that if the supplemental
indenture is not in the form of Exhibit C, such Guarantor shall deliver to the Trustee an Opinion of Counsel to the effect that: 

(A) such Notes Guarantee has been duly executed and authorized; and 

(B) such Notes Guarantee constitutes a valid, binding and enforceable obligation of such Restricted Subsidiary, except insofar
as enforcement thereof may be limited by bankruptcy, insolvency or similar laws (including, without limitation, all laws relating to fraudulent transfers) and except insofar as enforcement thereof is subject to general principles of equity. 

(b) Notwithstanding anything herein to the contrary, the Guarantee of any Guarantor organized outside of the United States or Canada shall be
subject to such other limitations as are customary in such Guarantor’s jurisdiction as reasonably determined by the Issuer. 

  
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 Section 4.16 Effectiveness of Covenants. 

(a) From and after the first day on which: 

(1) the Notes have an Investment Grade Rating from both of the Rating Agencies; and 

(2) no Default has occurred and is continuing under this Indenture, 

(the occurrence of the events described in the foregoing clauses (1) and (2) being collectively referred to as a “Covenant Suspension
Event”) LGEC and the Restricted Subsidiaries will not be subject to the provisions of Sections 4.07, 4.08, 4.09, 4.10, 4.11, and Section 5.01(a)(4) (collectively, the “Suspended Covenants”). 

(b) If at any time the Notes’ credit rating is downgraded from an Investment Grade Rating by any Rating Agency, then the Suspended
Covenants will thereafter be reinstated as if such covenants had never been suspended (the “Reinstatement Date”) and be applicable pursuant to the terms of this Indenture (including in connection with performing any calculation or
assessment to determine compliance with the terms of this Indenture), unless and until the Notes subsequently attain an Investment Grade Rating and no Default or Event of Default is in existence (in which event the Suspended Covenants shall no
longer be in effect for such time that the Notes maintain an Investment Grade Rating from both Rating Agencies and no Default or Event of Default is in existence); provided, however, that no Default, Event of Default or breach of any
kind shall be deemed to exist under this Indenture, the Notes or the Notes Guarantees with respect to the Suspended Covenants based on, and none of LGEC or any of its Subsidiaries shall bear any liability for, any actions taken or events occurring
during the Suspension Period (as defined below), or any actions taken at any time pursuant to any contractual obligation arising prior to the Reinstatement Date, regardless of whether such actions or events would have been permitted if the
applicable Suspended Covenants remained in effect during such period. The period of time between the date of suspension of the covenants and the Reinstatement Date is referred to as the “Suspension Period.” 

(c) On the Reinstatement Date, all Indebtedness Incurred during the Suspension Period will be classified to have been Incurred pursuant to
Section 4.09(a) or Section 4.09(b) or one of the clauses set forth in Section 4.09(c) (to the extent such Indebtedness would be permitted to be Incurred thereunder as of the Reinstatement Date and after giving effect to Indebtedness
Incurred prior to the Suspension Period and outstanding on the Reinstatement Date). To the extent such Indebtedness would not be so permitted to be Incurred pursuant to Section 4.09(a), Section 4.09(b) or Section 4.09(c), such
Indebtedness will be deemed to have been outstanding on the Issue Date, so that it is classified as permitted under clause (2) of Section 4.09(c). Calculations made after the Reinstatement Date of the amount available to be made as
Restricted Payments under Section 4.07 will be made as though Section 4.07 had been in effect since the Issue Date and throughout the Suspension Period. Accordingly, Restricted Payments made during the Suspension Period will reduce the
amount available to be made as Restricted Payments under Section 4.07(a). 
 (d) During any period when the Suspended Covenants are
suspended, the Board of Directors of LGEC may not designate any of LGEC’s Subsidiaries as Unrestricted Subsidiaries pursuant to this Indenture. 

  
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 (e) The Issuer shall give the Trustee written notice of any Covenant Suspension Event within
five Business Days after such Covenant Suspension Event has occurred. The Issuer shall give the Trustee written notice of any occurrence of a Reinstatement Date not later than five Business Days after such Reinstatement Date. Absent such written
notice the Trustee shall be entitled to assume that no Covenant Suspension Event or the occurrence of any Reinstatement Date has occurred. 

Section 4.17 Limitation on Lines of Business. 

LGEC will not, and will not permit any Restricted Subsidiary to, engage in any material respect in any business other than a Related Business.

 ARTICLE 5 
 SUCCESSORS 

Section 5.01 Merger, Amalgamation, Consolidation or Sale of All or Substantially All Assets. 

(a) Neither LGEC nor the Issuer will merge, amalgamate or consolidate with or into (whether or not LGEC or the Issuer is the surviving
corporation), or convey, transfer or lease all or substantially all of its assets to, any Person, unless: 
 (1) LGEC or the
Issuer, as applicable, is the surviving person or the resulting, surviving or transferee Person (the “Successor Person”) is a corporation organized and existing under the laws of Canada, any Province of Canada, the United States of
America, any State of the United States or the District of Columbia; 
 (2) the Successor Person (if not LGEC or the Issuer)
will expressly assume, by supplemental indenture, executed and delivered to the Trustee, in form satisfactory to the Trustee, all the obligations of LGEC or the Issuer, as applicable, under the Notes and this Indenture, as applicable; 

(3) immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the
Successor Person or any Subsidiary of the Successor Person as a result of such transaction as having been Incurred by the Successor Person or such Subsidiary at the time of such transaction), no Default or Event of Default shall have occurred and be
continuing; 
 (4) immediately after giving pro forma effect to such transaction and any related financing
transactions, as if such transactions had occurred at the beginning of the applicable four-quarter period, either (x) LGEC (including any Successor Person) would be able to Incur at least $1.00 of additional Indebtedness pursuant to
Section 4.09(b) on a Pro Forma Basis or (y) the Net Total Leverage Ratio, calculated on a Pro Forma Basis, would not be greater than it was immediately prior to such transaction;  

(5) each Guarantor (unless it is the other party to the transactions above, in which case Section 5.01(c) shall apply)
shall have by supplemental indenture confirmed that its Notes Guarantee shall apply to such Person’s obligations in respect of this Indenture and the Notes; and 

  
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 (6) the Issuer shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that such merger, amalgamation, consolidation, conveyance or transfer and such supplemental indenture (if any) comply with this Indenture and any other documentation and other information about the
Successor Person as shall have been reasonably required by the Trustee that the Trustee shall have reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and
regulation, including the PATRIOT Act. 
 (b) Notwithstanding clauses (3) and (4) of Section 5.01(a): 

(1) any Restricted Subsidiary may merge with, amalgamate with, consolidate with or into or transfer all or part of its
properties and assets to LGEC or the Issuer so long as no Capital Stock of the Restricted Subsidiary is distributed to any Person other than LGEC or the Issuer or another Restricted Subsidiary; and 

(2) the Issuer may merge with, amalgamate with or consolidate with an Affiliate of LGEC solely for the purpose of
reincorporating the Issuer in Canada, a Province of Canada or a State or territory of the United States or the District of Columbia, so long as the amount of Indebtedness of LGEC and its Restricted Subsidiaries is not increased thereby;
provided that, in the case of a Restricted Subsidiary that merges, amalgamates or consolidates into the Issuer, the Issuer will not be required to comply with Section 5.01(a)(4). 

(c) The Issuer and LGEC will not, and will not permit any Guarantor to, merge, amalgamate or consolidate with or into (whether or not the
Issuer or such Guarantor is the surviving corporation), or convey, transfer or lease all or substantially all of its properties and assets to any Person (other than with or into, or to, the Issuer or a Guarantor) unless: 

(1) if such entity remains a Guarantor, the resulting, surviving or transferee Person (the “Successor
Guarantor”) will be a corporation, partnership, trust or limited liability company organized and existing under the laws of Luxembourg, any country within the United Kingdom, Canada, a Province of Canada, the United States of America, any
State of the United States or the District of Columbia or the jurisdiction of organization of such Guarantor; 
 (2) the
Successor Guarantor, if other than such Guarantor, expressly assumes all the obligations of such Guarantor under the Notes, this Indenture and its Notes Guarantee pursuant to a supplemental indenture or other document or instrument in form and
substance reasonably satisfactory to the Trustee; 
 (3) immediately after giving effect to such transaction (and treating
any Indebtedness that becomes an obligation of the resulting, surviving or transferee Person or any Restricted Subsidiary as a result of such transaction as having been Incurred by such Person or such Restricted Subsidiary at the time of such
transaction), no Default or Event of Default shall have occurred and be continuing; and 
 (4) the Issuer will have delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such merger, amalgamation, consolidation, winding up or disposition and such supplemental indenture (if any) comply with this Indenture. 

  
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 (d) Except as otherwise described in this Indenture, the Successor Guarantor shall succeed
to, and be substituted for, such Guarantor under this Indenture and the Notes Guarantee of such Guarantor. Notwithstanding the foregoing, without complying with any of clauses (1) through (4) of Section 5.01(c), any Guarantor (other than
LGEC) may merge, amalgamate or consolidate with or into or transfer all or part of its properties and assets (1) to another Guarantor or the Issuer or (2) to any other Person in a transaction permitted by Section 4.10 or by the
definition of the term “Asset Sale.” Additionally, notwithstanding Section 5.01(c), any Guarantor (other than LGEC) may merge, amalgamate or consolidate with a Restricted Subsidiary of LGEC solely for the purpose of reincorporating
the Guarantor federally, in a Province of Canada or a State of the United States or the District of Columbia, as long as the amount of Indebtedness of such Guarantor and its Restricted Subsidiaries is not increased thereby. 

Section 5.02 Successor Entity Substituted. 

Upon any consolidation, amalgamation or merger, or conveyance, transfer or lease all or substantially all of the assets of the Issuer or any
Guarantor to any Person in accordance with this Article V, the Issuer or a Guarantor (other than LGEC), as the case may be, will be released from its obligations under this Indenture and its Notes Guarantee, as the case may be, and the Successor
Person or Successor Guarantor, as the case may be, will succeed to, and be substituted for, and may exercise every right and power of, the Issuer or a Guarantor, as the case may be, under this Indenture and such Notes Guarantee; provided
that, in the case of a lease of all or substantially all its assets, the Issuer will not be released from the obligation to pay the principal of and interest on the Notes and a Guarantor will not be released from its obligations under its Notes
Guarantee. 
 ARTICLE 6 

DEFAULTS AND REMEDIES 

Section 6.01 Events of Default. 

(a) An “Event of Default” wherever used herein, means any one of the following events (whatever the reason for such Event of
Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

(1) default in any payment of interest on any Note when due, for a period of 30 days; 

(2) default in the payment of principal of or premium, if any, on any Note when due at its Stated Maturity, upon optional
redemption, upon required repurchase, upon declaration or otherwise; 
 (3) failure by the Issuer or any Guarantor to comply
for 60 days after notice as provided below with any of its other agreements contained in this Indenture, the Notes or the Notes Guarantees; 

  
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 (4) there is a failure by the Issuer, any Guarantor or any Restricted
Subsidiary to pay any Indebtedness, other than Indebtedness owed to any Guarantor or the Issuer or a Restricted Subsidiary, and other than Indebtedness incurred by a Special Purpose Producer that is
non-recourse to LGEC or any Restricted Subsidiary other than such Special Purpose Producer (for the avoidance of doubt, an outstanding Negative Pick-up Obligation of the
Issuer or any Restricted Subsidiary shall be considered recourse Indebtedness of the Issuer or such Restricted Subsidiary), within any applicable grace period after final maturity or the acceleration of any such Indebtedness by the holders thereof
because of a default, in each case, if the principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a payment default or such other default or the maturity of which has been
so accelerated, aggregates $75,000,000 or its foreign currency equivalent or more; 
 (5) LGEC, the Issuer or a Significant
Subsidiary or group of Restricted Subsidiaries that, taken together (as of the most recent audited consolidated financial statements of LGEC and the Restricted Subsidiaries), would constitute a Significant Subsidiary, pursuant to or within the
meaning of any Bankruptcy Law: 
 (A) commences proceedings to be adjudicated bankrupt or insolvent; 

(B) consents to the institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or answer
or consent seeking an arrangement of debt, reorganization, dissolution, winding up or relief under applicable Bankruptcy Law (including, for the avoidance of doubt, the filing of a notice of intention under the Bankruptcy and Insolvency Act
(Canada) or of an application under the Companies’ Creditors Arrangement Act (Canada) or any proposal to compromise, arrange or reorganize any of its debts or obligations under Section 192 of the Canada Business Corporations
Act or any similar provision of Canadian federal or provincial corporate law); 
 (C) consents to the appointment of a
receiver, interim receiver, receiver and manager, liquidator, assignee, trustee, sequestrator or other similar official of it or for all or substantially all of its property; or 

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

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

(A) is for relief against LGEC, the Issuer or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together
(as of the most recent audited consolidated financial statements of LGEC and the Restricted Subsidiaries), would constitute a Significant Subsidiary, in a proceeding in which LGEC, the Issuer or a Significant Subsidiary or any group of Restricted
Subsidiaries that, taken together (as of the most recent audited consolidated financial statements of LGEC and the Restricted Subsidiaries), would constitute a Significant Subsidiary, is to be adjudicated bankrupt or insolvent; 

  
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 (B) appoints a receiver, interim receiver, receiver and manager, liquidator,
assignee, trustee, sequestrator or other similar official of LGEC, the Issuer or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the most recent audited consolidated financial statements of LGEC and the
Restricted Subsidiaries), would constitute a Significant Subsidiary, or for all or substantially all of the property of LGEC, the Issuer or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the date of the most
recent audited consolidated financial statements of LGEC and the Restricted Subsidiaries), would constitute a Significant Subsidiary; 

(C) orders the liquidation, dissolution or winding up of LGEC, the Issuer or a Significant Subsidiary or group of Subsidiaries
that, taken together (as of the most recent audited consolidated financial statements of LGEC and the Restricted Subsidiaries), would constitute a Significant Subsidiary; or 

(D) orders the presentation of any plan or arrangement, compromise or reorganization of LGEC, the Issuer or a Significant
Subsidiary or group of Restricted Subsidiaries that, taken together (as of the most recent audited consolidated financial statements of LGEC and the Restricted Subsidiaries), would constitute a Significant Subsidiary; 

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

(7) failure by LGEC, the Issuer or any Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of
the most recent audited consolidated financial statements for LGEC and the Restricted Subsidiaries), would constitute a Significant Subsidiary to pay final judgments aggregating in excess of $75,000,000 or its foreign equivalent (net of any amounts
that a reputable and creditworthy insurance company has acknowledged liability for in writing), which judgments are not paid, discharged or stayed for a period of 60 days; or 

(8) any Notes Guarantee of LGEC or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the
most recent audited consolidated financial statements for LGEC and the Restricted Subsidiaries), would constitute a Significant Subsidiary ceases to be in full force and effect (except as contemplated by the terms of this Indenture and the Notes
Guarantees) or is declared null and void in a judicial proceeding or any Guarantor denies or disaffirms its obligations under this Indenture or its Notes Guarantee to which it is a party and the Issuer fails to cause such Guarantor to rescind such
denials or disaffirmations within 30 days. 
 However, a default under clause (3) of this Section 6.01(a) will not constitute an Event of
Default until the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes notify the Issuer of the default in writing and the Issuer does not cure such default within the time specified in clause (3) of this
Section 6.01(a) after receipt of such notice. 
 (b) In the event of any Event of Default described in clause (4) of
Section 6.01(a), such Event of Default and all consequences thereof will be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders, if the default triggering such Event of Default pursuant to clause
(4) of Section 6.01(a) shall be remedied or cured by the Issuer or a Restricted Subsidiary or waived by the holders of the relevant Indebtedness within 20 days after such Event of Default arose. Upon such annulment, waiver and rescission
of such Event of Default, any declaration of acceleration of the Notes because of such Event of Default shall be automatically annulled if:  

  
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 (1) the annulment of the acceleration of the Notes would not conflict with
any judgment or decree of a court of competent jurisdiction, 
 (2) all existing Events of Default, except nonpayment of
principal, premium or interest on the Notes that became due solely because of the acceleration of the Notes, have been cured or waived and 

(3) there has been deposited with the Trustee a sum sufficient to pay all sums paid or advanced by the Trustee under this
Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel in accordance with the terms of this Indenture. 

Section 6.02 Acceleration. 

(a) If any Event of Default (other than an Event of Default described in clause (5) or (6) of Section 6.01(a)) occurs and is
continuing, the Trustee by written notice to the Issuer, specifying the Event of Default, or the Holders of at least 25% in principal amount of the outstanding Notes by notice to the Issuer and the Trustee, may, and the Trustee at the request of
such Holders shall, declare the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes to be due and payable; provided that no such declaration may occur with respect to an Event of Default described in
clause (3), (4) or (7) of Section 6.01(a) due to any action taken, and reported publicly pursuant to a press release or a filing with the SEC or to Holders, more than two years prior to the date of such declaration. Upon such a
declaration, such principal, premium, if any, and accrued and unpaid interest shall be due and payable immediately. 
 (b) If an Event of
Default described in clause (5) or (6) of Section 6.01(a) occurs and is continuing, the principal of, premium, if any, and interest that is both accrued and unpaid on all the Notes will become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any Holders. 
 (c) The Holders of a majority in principal amount of the
outstanding Notes may waive all past defaults (except with respect to nonpayment of principal, premium or interest) and rescind any such acceleration with respect to the Notes and its consequences if all existing Events of Default, other than the
nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived. 

Section 6.03 Other Remedies. 

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

  
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 (b) 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. All remedies are cumulative to the extent permitted by law. 
 Section 6.04 Waiver
of Past Defaults. 
 The Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the
Trustee may on behalf of the Holders of all of the Notes waive any existing Default and its consequences hereunder, except: 

(1) a continuing Default in the payment of the principal of, premium, if any, or interest on, any Note held by a non-consenting Holder (including in connection with an Asset Sale Offer or a Change of Control Offer); and 

(2) a Default with respect to a provision that under Section 9.02 cannot be amended without the consent of each Holder
affected, 
 provided, subject to Section 6.02, that the Holders of a majority in aggregate principal amount of the then outstanding Notes may
rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have
been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

Section 6.05 Control by Majority. 

The Holders of a majority in principal amount of the outstanding Notes are given the right to direct, in writing, the time, method and place of
conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, the Notes or the Notes
Guarantees or that the Trustee determines is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal liability. 

Section 6.06 Limitation on Suits. 

Subject to Section 6.07, no Holder may pursue any remedy with respect to this Indenture or the Notes unless: 

(a) such Holder has previously given the Trustee notice that an Event of Default is continuing; 

(b) the Holders of at least 25% in principal amount of the then outstanding Notes have requested the Trustee to pursue the remedy; 

(c) such Holders have offered the Trustee security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense;

 (d) the Trustee has not complied with such request within 60 days after the receipt of the request and the offer of security or indemnity;
and 

  
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 (e) the Holders of a majority in principal amount of the outstanding Notes have not given
the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request within such 60-day period. 

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 6.07 Rights of Holders to Receive Payment. 

Notwithstanding any other provision of this Indenture, the contractual right of any Holder to bring suit for the enforcement of any payment of
principal, premium, if any, and interest (including Additional Amounts) on its Note, on or after the respective due dates expressed in this Indenture or such Note shall not be amended without the consent of such Holder. 

Section 6.08 Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(a)(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own
name and as trustee of an express trust against the Issuer for the whole amount of principal of, premium, if any, and accrued and unpaid interest to, but not including, the date of payment on the Notes, together with 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 and its agents and counsel.

 Section 6.09 Restoration of Rights and Remedies. 

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

Section 6.10 Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07, no
right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy are, to the extent permitted by law, cumulative and in addition to every other
right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy. 

  
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 Section 6.11 Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.12 Trustee May File Proofs of Claim. 

The Trustee may file 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 of the Notes allowed in any judicial proceedings relative to the Issuer (or any other obligor upon the
Notes including the Guarantors), its creditors or its property and is entitled and empowered to participate as a member in any official committee of creditors appointed in such matter and to collect, receive and distribute any money or other
property payable or deliverable on any such claims. 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 and its agents and counsel, and any other amounts due the Trustee under
Section 7.07. 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 7.07 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 6.13 Priorities. 

If the Trustee collects any money or property pursuant to this Article 6, it shall pay out the money in the following order: 

(a) to the Trustee and its agents and attorneys for amounts due under Section 7.07, including payment of all compensation, expenses and
liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
 (b) to Holders for amounts due and
unpaid on the Notes for principal, premium, if any, and interest ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest respectively; and 

(c) to the Issuer or to such party as a court of competent jurisdiction shall direct including a Guarantor, if applicable. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.13. Promptly after any record date is set
pursuant to this paragraph, the Trustee shall cause notice of such record date and payment date to be given to the Issuer and to each Holder in the manner set forth in Section 12.02. 

  
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 Section 6.14 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 such suit to file an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees, 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 6.14 does not apply to a suit by the Trustee, a suit by a Holder
pursuant to Section 6.07, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes. 
 ARTICLE
7 
 TRUSTEE 

Section 7.01 Duties of Trustee. 

(a) If an Event of Default of which the Trustee has notice 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 such person’s own affairs.  
 (b) Except during the continuance of an Event of Default: 

(1) the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of gross negligence 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. However, in the case of any such certificates or opinions which by any provision hereof
are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of
mathematical calculations or other facts stated therein). 
 (c) The Trustee may not be relieved from liabilities for its own gross negligent
action, its own gross negligent failure to act, or its own willful misconduct, except that: 
 (1) this paragraph
(c) does not limit the effect of paragraph (b) of this Section 7.01; 
 (2) the Trustee shall not be liable
for any error of judgment made in good faith by a Responsible Officer, unless it is proved in a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and 

  
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 (3) the Trustee shall not be liable with respect to any action it takes or
omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05. 
 (d) Whether or not therein
expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01. 

(e) The Trustee shall be under no obligation to exercise any of its rights or powers under this Indenture, the Notes or the Notes Guarantees at
the request or direction of any of the Holders unless the Holders have provided to the Trustee indemnity or security reasonably satisfactory to it against any loss, liability or expense.  

(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 Issuer. Money
held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 Section 7.02 Rights of
Trustee. 
 (a) The Trustee may conclusively rely upon any document 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, 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 the books, records and premises of the Issuer, personally or by agent or attorney at the sole cost of the Issuer and shall incur no liability or additional
liability of any kind by reason of such inquiry or investigation. 
 (b) Before the Trustee acts or refrains from acting, it may require an
Officers’ Certificate or an Opinion of Counsel or both, subject to the other provisions of this Indenture. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or
Opinion of Counsel. The Trustee may consult with counsel of its selection and the written advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken,
suffered or omitted by it hereunder in good faith and in reliance thereon. 
 (c) The Trustee may act through its attorneys and agents and
shall not be responsible for the misconduct or negligence of any agent or attorney 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. 

(e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuer shall be sufficient if
signed by an Officer of the Issuer. 
 (f) None of the provisions of this Indenture shall require the Trustee to expend or risk its own funds
or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or
indemnity reasonably satisfactory to it against such risk or liability is not assured to it. 

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

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

(i) The Trustee may request that the Issuer 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) The permissive rights of the Trustee to take the actions permitted by
this Indenture will not be construed as an obligation or duty to do so. 
 (k) The Trustee shall have no duty to inquire as to the
performance of the covenants of the Issuer in this Indenture and shall be entitled to assume that the Issuer and the Guarantors are in compliance with the terms of this Indenture. 

Section 7.03 Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or any
Affiliate of the Issuer with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days or
resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Section 7.10. 
 Section 7.04
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 Issuer’s use of the proceeds from the Notes or any money paid to the Issuer or upon the Issuer’s direction under any provision of this Indenture, it 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 or any other document in connection with the
sale of the Notes or pursuant to this Indenture other than its certificate of authentication. 

  
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 Section 7.05 Notice of Defaults. 

If a Default of which a Responsible Officer of the Trustee has been notified occurs and is continuing, the Trustee shall mail (or otherwise
communicate in accordance with the procedures of DTC) to each Holder notice of the Default within 90 days after it occurs and is known to a Responsible Officer of the Trustee. Except in the case of a Default relating to the payment of principal of,
premium, if any, or interest on any Note, the Trustee may withhold from the Holders notice of any continuing Default if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests
of the Holders. The Trustee shall not be deemed to have notice of any Default or Event of Default (other than a payment default) unless written notice of any event which is in fact such a Default is received by a Responsible Officer of the Trustee
at the Corporate Trust Office of the Trustee, and such notice references the existence of a Default, the Notes and this Indenture.  

Section 7.06 [reserved]. 

Section 7.07 Compensation and Indemnity. 

(a) The Issuer and the Guarantors, jointly and severally, shall pay to the Trustee from time to time such compensation for its acceptance of
this Indenture and services hereunder as the parties shall agree in writing from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee
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 Trustee shall provide the Issuer reasonable notice of any expenditure not in the ordinary course of business. 

(b) The Issuer and the Guarantors, jointly and severally, shall indemnify the Trustee for, and hold the Trustee harmless against, any and all
loss, damage, claims, liability or expense (including attorneys’ fees) incurred by it in connection with the acceptance or administration of this trust and the performance of its duties hereunder (including the costs and expenses of enforcing
this Indenture against the Issuer or any Guarantor (including this Section 7.07)) or defending itself against any claim whether asserted by any Holder, the Issuer or any Guarantor, or liability in connection with the acceptance, exercise or
performance of any of its powers or duties hereunder. The Trustee shall notify the Issuer promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuer shall not relieve the Issuer of its obligations
hereunder. The Issuer shall defend the claim and the Trustee may have separate counsel and the Issuer shall pay the fees and expenses of such counsel. The Issuer need not reimburse any expense or indemnify against any loss, liability or expense
incurred by the Trustee through the Trustee’s own willful misconduct or gross negligence. 
 (c) The obligations of the Issuer under
this Section 7.07 shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee. 

(d) To secure the payment obligations of the Issuer and the Guarantors in this Section 7.07, 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 of and premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture. 

(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(a)(5) or (6) 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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 Section 7.08 Replacement of Trustee. 

(a) 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 7.08. The Trustee may resign in writing at any time by giving 30 days’ prior notice of such resignation to the Issuer and be discharged from the trust hereby created by
so notifying the Issuer. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuer in writing. The Issuer may remove the Trustee if: 

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

(2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any
Bankruptcy Law; 
 (3) a receiver or public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

(b) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Issuer shall promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the
Issuer. 
 (c) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring
Trustee (at the Issuer’s expense), the Issuer or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(d) 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,
such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

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

(f) As used in this Section 7.08, the term “Trustee” shall also include each Agent. 

  
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 Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation or national banking association, the successor corporation or national banking association without any further act shall be the successor Trustee, subject to Section 7.10. 

Section 7.10 Eligibility; Disqualification. 

(a) There shall at all times be a Trustee hereunder that is a corporation or national banking association 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, that is subject to supervision or examination by federal or state authorities and that has a combined capital
and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. 
 Section 7.11
[reserved]. 
 Section 7.12 Quebec Power of Attorney. 

For the purposes of holding any guarantees or security granted by or to be granted by the Issuer or any of the Guarantors pursuant to the laws
of the Province of Quebec, each of the parties hereto hereby appoints and designates the Trustee as the hypothecary representative (within the meaning of Article 2692 of the CCQ) for all present and future Holders. By becoming a Holder, each Holder
shall be deemed to ratify the appointment as hypothecary representative granted to the Trustee hereunder for and on behalf of the all present and future Holders. The Trustee agrees to act in such capacity. The execution prior to the date hereof by
the Trustee in its capacity as hypothecary representative of any guarantees or security pursuant to the laws of the Province of Quebec is hereby ratified and confirmed. For greater certainty, the Trustee, acting as hypothecary representative, shall
have the same rights, powers, immunities, indemnities and exclusions from liability as prescribed in favor of the Trustee in this Indenture, which shall apply mutatis mutandis. In the event of the resignation or replacement and appointment of a
successor Trustee, such successor Trustee shall also act as the hypothecary representative unless a hypothecary representative is otherwise appointed. 

ARTICLE 8 
 LEGAL DEFEASANCE AND
COVENANT DEFEASANCE 
 Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance. 

The Issuer may, at its option and at any time, elect to have either Section 8.02 or Section 8.03 applied to all outstanding Notes
upon compliance with the conditions set forth below in this Article 8. 
 Section 8.02 Legal Defeasance and Discharge. 

(a) Upon the Issuer’s exercise under Section 8.01 of the option applicable to this Section 8.02, the Issuer and the Guarantors
shall, subject to the satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from their obligations with respect 

  
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to all outstanding Notes and Notes Guarantees on the date the conditions set forth below are satisfied, and the Notes Guarantees in effect at such time will terminate (“Legal
Defeasance”). For this purpose, Legal Defeasance means that the Issuer 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 8.05 and the other Sections of this Indenture referred to in (1) and (2) below, and to have satisfied all of its other obligations under such Notes and this Indenture, including that of the Guarantors (and
the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: 

(1) the rights of Holders to receive payments in respect of the principal of, premium, if any, and interest on the Notes when
such payments are due, solely out of the trust created pursuant to this Indenture referred to in Section 8.04; 
 (2)
the Issuer’s obligations with respect to the Notes concerning issuing temporary Notes, registration of such Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment and money for security payments
held in trust; 
 (3) the rights, powers, trusts, duties and immunities of the Trustee, and the Issuer’s obligations in
connection therewith; and 
 (4) this Section 8.02. 

(b) Upon the Issuer’s exercise of its Legal Defeasance option, the Notes Guarantees in effect at such time will terminate. Following the
Issuer’s exercise of its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default. 
 (c)
Subject to compliance with this Article 8, the Issuer may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03. 

Section 8.03 Covenant Defeasance. 

Upon the Issuer’s exercise under Section 8.01 of the option applicable to this Section 8.03, the Issuer and the Guarantors
shall, subject to the satisfaction of the conditions set forth in Section 8.04, be released from their obligations under the covenants contained in Sections 4.03, 4.04, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.14, 4.15, 4.17 and
Section 5.01(a)(4) with respect to the outstanding Notes, on and after the date the conditions set forth in Section 8.04 are satisfied (“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 this Indenture and the outstanding Notes, the Issuer 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 

  
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Default or an Event of Default under Section 6.01, but, except as specified above, the remainder of this Indenture, and such Notes and the Notes Guarantees shall be unaffected thereby. In
addition, upon the Issuer’s exercise under Section 8.01 of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04, the operation of Section 6.01(a)(3),
Section 6.01(a)(4), Section 6.01(a)(5)(solely with respect to Restricted Subsidiaries that are Significant Subsidiaries or a group of Restricted Subsidiaries that, taken together as of the date of the most recent audited financial
statements of LGEC and the Restricted Subsidiaries, would constitute a Significant Subsidiary), Section 6.01(a)(6) (solely with respect to Restricted Subsidiaries that are Significant Subsidiaries or a group of Restricted Subsidiaries that,
taken together as of the date of the most recent audited financial statements of LGEC and the Restricted Subsidiaries, would constitute a Significant Subsidiary), Section 6.01(a)(7) (solely with respect to Restricted Subsidiaries that are
Significant Subsidiaries or a group of Restricted Subsidiaries that, taken together as of the date of the most recent audited financial statements of LGEC and the Restricted Subsidiaries, would constitute a Significant Subsidiary) and
Section 6.01(a)(8), shall not constitute Events of Default. 
 Section 8.04 Conditions to Legal or Covenant Defeasance.

 The following shall be the conditions to the exercise of either the Legal Defeasance option under Section 8.02 or the Covenant
Defeasance option under Section 8.03 with respect to the Notes: 
 (1) the Issuer must irrevocably deposit with the
Trustee, in trust, for the benefit of the Holders, cash in Dollars, Government Securities, or a combination thereof, in such amounts as will be sufficient, as evidenced by an Officers’ Certificate of the Issuer (or, in the case of any deposit
of Government Securities, as evidenced by the opinion of a nationally recognized (in Canada or the United States) firm of independent public accountants), to pay the principal of, premium, if any, and interest due on the outstanding Notes on the
Stated Maturity or on the applicable redemption date, as the case may be, and the Issuer must specify whether the Notes are being defeased to maturity or to a particular redemption date; 

(2) in the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee confirming that, subject to customary assumptions and exclusions, 
 (A) the Issuer has received from, or
there has been published by, the U.S. Internal Revenue Service a ruling, or 
 (B) since the Issue Date, there has been a
change in the applicable U.S. federal income tax law, 
 in either case to the effect that, and based thereon such Opinion of Counsel will
confirm that, subject to customary assumptions and exclusions, the beneficial owners of the respective outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be
subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

  
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 (3) in the case of Covenant Defeasance, the Issuer shall have delivered to
the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, the beneficial owners of the respective outstanding Notes will not recognize income, gain or loss for U.S.
federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not
occurred; 
 (4) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a
default under the Senior Credit Facility or any other material agreement or instrument (other than this Indenture) relating to Material Indebtedness of the Issuer or any Guarantor; 

(5) no Event of Default or Default relating to Section 6.01(a)(4), Section 6.01(a)(5), Section 6.01(a)(6) or
Section 6.01(a)(7) shall have occurred and be continuing on the date of such deposit (other than that resulting from borrowing funds to be applied to make such deposit and any similar and simultaneous deposit relating to other Indebtedness and,
in each case, the granting of Liens in connection therewith); and 
 (6) the Issuer shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions and exclusions), each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant
Defeasance, as the case may be, have been complied with. In the case of Legal Defeasance only, such Opinion of Counsel must be based on a ruling of the U.S. Internal Revenue Service or other change in applicable U.S. federal income tax law. 

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

(a) Subject to Section 8.06, all money and Government Securities (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the
provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer or a Guarantor acting as Paying Agent) as the Trustee may determine, to the Holders 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. 

(b) The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or Government
Securities deposited pursuant to Section 8.04 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. 

(c) Anything in this Article 8 to the contrary notwithstanding, the Trustee shall deliver or pay to the Issuer from time to time upon the
request of the Issuer any money or Government Securities held by it as provided in Section 8.06 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to
the Trustee (which may be the opinion delivered under Section 8.04), 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 8.06 Repayment to the Issuer. 

Subject to any applicable abandoned property law, any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in
trust for the payment of the principal of or premium, if any, or interest, on any Note and remaining unclaimed for two years after such principal, premium, if any, or interest, has become due and payable shall be paid to the Issuer on its request or
(if then held by the Issuer) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Issuer for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and
all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuer cause to be published
once, in The New York Times or The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or
publication, any unclaimed balance of such money then remaining shall be repaid to the Issuer. 
 Section 8.07 Reinstatement.

 If the Trustee or Paying Agent is unable to apply any Dollars or Government Securities in accordance with Section 8.02 or
Section 8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuer’s and the Guarantors’ obligations under this
Indenture, the Notes and the Notes Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or Section 8.03 until such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 8.02 or Section 8.03, as the case may be; provided that, if the Issuer makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, the Issuer
shall be subrogated to the rights of the Holders to receive such payment from the money held by the Trustee or Paying Agent. 
 ARTICLE 9

 AMENDMENT, SUPPLEMENT AND WAIVER 

Section 9.01 Without Consent of Holders. 

(a) Notwithstanding Section 9.02, without the consent of any Holder, the Issuer, the Guarantors and the Trustee may amend or supplement
this Indenture, the Notes or the Notes Guarantees to: 
 (1) cure any ambiguity, omission, mistake, defect or inconsistency;

 (2) provide for the assumption by a successor entity of the obligations of the Issuer or any Guarantor under this
Indenture, the Notes or the Notes Guarantees; 

  
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 (3) provide for or facilitate the issuance of uncertificated Notes in
addition to or in place of certificated Notes (provided that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Code); 

(4) comply with the rules of any applicable Depositary; 

(5) add Guarantors with respect to the Notes or release a Guarantor from its obligations under its Notes Guarantee or this
Indenture in accordance with the applicable provisions of this Indenture or the Notes Guarantees; 
 (6) add covenants of
LGEC or its Subsidiaries or Events of Default for the benefit of or to make changes that would provide additional rights to the Holders, or to surrender any right or power conferred upon the Issuer or any Guarantor; 

(7) make any change that does not adversely affect the legal rights under this Indenture of any Holder; 

(8) comply with any requirement of the SEC in connection with any required qualification of this Indenture under the Trust
Indenture Act; 
 (9) evidence and provide for the acceptance of an appointment under this Indenture of a successor Trustee;
provided that the successor Trustee is otherwise qualified and eligible to act as such under the terms of this Indenture; 

(10) provide for the issuance of Additional Notes, which shall be treated, together with any outstanding Notes, as a single
class of securities, so long as the Incurrence of such Additional Notes is otherwise permitted by this Indenture; 
 (11)
conform the text of this Indenture, the Notes or the Notes Guarantees to any provision of the “Description of the notes” section of the Offering Memorandum to the extent that such provision in the “Description of the notes”
section of the Offering Memorandum was intended to be a verbatim recitation of a provision of this Indenture, the Notes or the Notes Guarantees; or 

(12) make any amendment to the provisions of this Indenture relating to the transfer and legending of Notes as permitted by
this Indenture, including, without limitation to facilitate the issuance and administration of the Notes; provided, however, that (A) compliance with this Indenture as so amended would not result in Notes being transferred in
violation of applicable Canadian securities laws, the Securities Act or any applicable securities law and (B) such amendment does not materially and adversely affect the rights of Holders to transfer Notes. 

(b) Upon the request of the Issuer and upon receipt by the Trustee of the documents described in Section 12.04, the Trustee shall join
with the Issuer and the Guarantors in the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but
the Trustee shall not be obligated to enter into such amended or supplemental indenture that adversely affects its own rights, duties or immunities under this Indenture or otherwise. Notwithstanding the foregoing, no Opinion of Counsel shall be
required in connection with the addition of a Guarantor under this Indenture upon execution and delivery by such Guarantor and the Trustee of a supplemental indenture to this Indenture, the form of which is attached as
Exhibit C, and delivery of an Officers’ Certificate, except as provided in Section 4.15 and Section 5.01(c). 

  
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 Section 9.02 With Consent of Holders. 

(a) Except as provided below in this Section 9.02, the Issuer and the Trustee may amend or supplement this Indenture, the Notes or the
Notes Guarantees with the consent of the Holders of a majority in principal amount of the Notes (including Additional Notes, if any) then outstanding voting as a single class (including, without limitation, consents obtained in connection with a
purchase of, or tender offer or exchange offer for, Notes), and, subject to Sections 6.04 and 6.07, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal, or premium, if any, or interest
on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture, the Notes or the Notes Guarantees may be waived with the consent of the Holders of a majority in
principal amount of the then outstanding Notes (including Additional Notes, if any) voting as a single class (including consents obtained in connection with the purchase of, or tender offer or exchange offer for, Notes). Section 2.08 and
Section 2.09 shall determine which Notes are considered to be “outstanding” for the purposes of this Section 9.02. 
 (b)
Upon the request and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents described in Section 7.02 and Section 12.04, the
Trustee shall join with the Issuer and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture
or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such amended or supplemental indenture. 

(c) The consent of the Holders is not necessary under this Section 9.02 to approve the particular form of any proposed amendment,
supplement or waiver. It is sufficient if such consent approves the substance of the proposed amendment, supplement or waiver. A consent to any amendment, supplement or waiver under this Section 9.02 by any Holder given in connection with a
tender of such Holder’s Notes will not be rendered invalid by such tender. 
 (d) After an amendment, supplement or waiver under this
Section 9.02 becomes effective, the Issuer shall send to the Holders of Notes affected thereby a notice briefly describing such amendment, supplement or waiver. Any failure of the Issuer to give such notice to all the Holders, or any defect
therein, shall not, however, in any way impair or affect the validity of the amendment, supplement or waiver. 
 (e) Without the consent of
each affected Holder, an amendment, supplement or waiver under this Section 9.02 may not: 
 (1) reduce the principal
amount of Notes whose Holders must consent to an amendment, supplement or waiver; 
 (2) reduce the stated rate of interest
or extend the time for payment of interest on any Note; 

  
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 (3) reduce the principal of or extend the Stated Maturity of any Note; 

(4) reduce the premium payable upon the redemption or repurchase of any Note or change the time at which any Note may be
redeemed or repurchased as described under Section 3.07 whether through an amendment or waiver of provisions in the covenants, definitions or otherwise; 

(5) make any Note payable in money other than that stated therein; 

(6) amend the right of any Holder to institute suit for the enforcement of any payment of principal, premium, if any, or
interest on or with respect to such Holder’s Notes on or after the respective due dates expressed in this Indenture or such Notes; 

(7) make any change in the amendment provisions which require each Holder’s consent or in the waiver provisions; 

(8) modify the form of the Notes Guarantee in any manner adverse to the Holders or release the Guarantors constituting all or
substantially all of the value of the Notes Guarantees of all Guarantors as a whole; or 
 (9) expressly subordinate the
Notes in right of payment to any other Indebtedness of the Issuer or a Guarantor. 
 Section 9.03 [reserved]. 

Section 9.04 Effect of Consents. 

(a) 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 of
a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. An amendment, supplement or waiver becomes effective in
accordance with its terms and thereafter binds every Holder. 
 (b) The Issuer may, but shall not be obligated to, fix a record date pursuant
to Section 1.05 for the purpose of determining the Holders entitled to consent to any amendment, supplement, or waiver. 

Section 9.05 Notation on or Exchange of Notes. 

(a) The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Issuer in
exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or waiver. 

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

  
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 Section 9.06 Trustee to Sign Amendments, etc. 

The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article 9 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. The Issuer may not sign an amendment, supplement or waiver until its Board of Directors approves it. In executing any amendment, supplement or waiver, the Trustee shall
be entitled to receive and (subject to Section 7.01) shall be fully protected in relying upon, in addition to the documents required by Section 12.04, an Officers’ Certificate and an Opinion of Counsel each stating that the execution
of such amended or supplemental indenture is authorized or permitted by this Indenture. 
 ARTICLE 10 

GUARANTEES 
 Section 10.01
Notes Guarantee. 
 (a) Subject to this Article 10, each of the Guarantors hereby, jointly and severally, irrevocably and
unconditionally guarantees, on an unsecured, unsubordinated basis, to each Holder and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Issuer
hereunder or thereunder, that (1) the principal of, premium, if any, and interest on the Notes shall be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and
interest on the Notes, if any, if lawful, and all other obligations of the Issuer to the Holders or the Trustee hereunder or thereunder shall be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (2) in
case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity,
by acceleration or otherwise. Failing payment by the Issuer when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. Each
Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
 (b) The Guarantors hereby agree that their
obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder with respect to any
provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby
waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever and
covenants that this Notes Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture, or pursuant to Section 10.06. 

(c) Each Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the
Trustee or any Holder in enforcing any rights under this Section 10.01. 
 (d) If any Holder or the Trustee is required by any court or
otherwise to return to the Issuer, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to the Issuer or the Guarantors, any amount paid either to the Trustee or such Holder, this Notes Guarantee, to the
extent theretofore discharged, shall be reinstated in full force and effect. 

  
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 (e) Each Guarantor agrees that it shall not be entitled to any right of subrogation in
relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on
the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 for the purposes of this Notes Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration
in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6, such obligations (whether or not due and payable) shall forthwith become due and payable by
the Guarantors for the purpose of this Notes Guarantee. The Guarantors shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights
of the Holders under the Notes Guarantees. 
 (f) Each Notes Guarantee shall remain in full force and effect and continue to be effective
should any petition be filed by or against the Issuer for liquidation or reorganization, should the Issuer become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant
part of the Issuer’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are, pursuant to applicable law, rescinded or
reduced in amount, or must otherwise be restored or returned by any obligee on the Notes or the Notes Guarantees, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such payment or performance
had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so
rescinded, reduced, restored or returned. 
 (g) In case any provision of any Notes 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. 
 (h) Each payment
to be made by a Guarantor in respect of its Notes Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature. 

Section 10.02 Limitation on Guarantor Liability. 

Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Notes
Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar U.S. federal or state law, Canadian federal or
provincial law, law of England or law of Luxembourg to the extent applicable to any Notes Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor
shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws 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 this Article 10, result in the obligations of such Guarantor under its Notes Guarantee not constituting a
fraudulent conveyance or fraudulent transfer under applicable law. 

  
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 Notwithstanding any other provision of this Indenture, the maximum liability of any
Guarantor incorporated under the laws of Luxembourg (a “Luxembourg Guarantor”) pursuant to its Notes Guarantee shall be limited to an amount equal to the sum of: 

(a) an amount equal to the aggregate (without double-counting) of (A) all moneys received by the Luxembourg Guarantor or its direct or
indirect present or future Subsidiaries under this Indenture and (B) the aggregate amount directly or indirectly made available to the Luxembourg Guarantor or its direct or indirect present or future Subsidiaries by other members of the group
that has been financed by a borrowing under this Indenture; 
 plus 

(b) an amount equal to 95% of the greater of (a) the Luxembourg Guarantor’s own funds (capitaux propres), as referred to in
annex I to the grand ducal regulation dated December 18, 2015 defining the form and content of the presentation of balance sheet and profit and loss account implementing Articles 34, 35, 46 and 47 of the Luxembourg law dated December 19,
2002 concerning the trade and companies register and the accounting and annual accounts of undertakings as amended (the “Regulation”) as increased by the amount of any Intra-Group Liabilities, each as reflected in the Luxembourg
Guarantor’s latest duly approved annual accounts and other relevant documents available to the Trustee or (b) the Luxembourg Guarantor’s own funds (capitaux propres), as referred to in the Regulation as increased by the amount
of any Intra-Group Liabilities, each as reflected in the Luxembourg Guarantor’s latest duly approved annual accounts and other relevant documents available to the Trustee at the time the applicable Notes Guarantee is called. 

For the purposes of this Section 10.02, “Intra-Group Liabilities” means all existing liabilities owed by the Luxembourg
Guarantor to the Issuer or any Guarantor that have not been financed, directly or indirectly, by the proceeds of the Notes. 
 Where for the
purpose of the determination of the Luxembourg Guarantor’s own funds as under clause (b) above, no duly established and approved annual accounts are available for the relevant reference period (which, for the avoidance of doubt, includes a
situation where, in respect of the determination to be made under clause (b) above, no final annual accounts have been established in due time in respect of the then most recently ended financial year) the relevant Luxembourg Guarantor shall,
promptly, establish unaudited interim accounts (as of the date of the end of the then most recent financial quarter) or annual accounts (as applicable) duly established in accordance with applicable accounting rules, pursuant to which the relevant
Luxembourg Guarantor’s own funds and Intra-Group Liabilities will be determined. If the relevant Luxembourg Guarantor fails to provide such unaudited interim accounts or annual accounts (as applicable) within 30 Business Days as from the
request of the Trustee, the Trustee may appoint an independent auditor (réviseur d’entreprises agréé) or an independent reputable investment bank which shall undertake the determination of the relevant
Guarantor’s own funds and Intra-Group Liabilities. In order to prepare such determination, the independent auditor (réviseur d’entreprises agréé) or the independent reputable investment bank shall take into
consideration such available elements and facts at such time, including without limitation, the latest annual accounts of its Subsidiaries, any recent valuation of the assets of such Luxembourg 

  
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Guarantor and its subsidiaries (if available), the market value of the assets of such Luxembourg Guarantor and its subsidiaries as if sold between a willing buyer and a willing seller as a going
concern using a standard market multi criteria approach combining market multiples, book value, discounted cash flow or comparable public transaction of which price is known (taking into account circumstances at the time of the valuation and making
all necessary adjustments to the assumption being used) and acting in a reasonable manner. 
 Section 10.03 Execution and
Delivery. 
 (a) [reserved] 

(b) Each Guarantor hereby agrees that its Notes Guarantee set forth in Section 10.01 shall remain in full force and effect notwithstanding
the absence of the endorsement of any notation of such Notes Guarantee on the Notes. 
 (c) If an Officer whose signature is on a
supplemental indenture to this Indenture no longer holds that office at the time the Trustee executes such supplemental indenture, the Notes Guarantees shall be valid nevertheless. 

(d) If required by Section 4.15, the Issuer shall cause any Restricted Subsidiary to comply with the provisions of Section 4.15 and
this Article 10, to the extent applicable. 
 Section 10.04 Subrogation. 

Each Guarantor shall be subrogated to all rights of Holders against the Issuer in respect of any amounts paid by any Guarantor pursuant to the
provisions of Section 10.01; provided that, if an Event of Default has occurred and is continuing, no Guarantor shall be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all
amounts then due and payable by the Issuer under this Indenture or the Notes shall have been paid in full. 
 Section 10.05 Benefits
Acknowledged. 
 Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements
contemplated by this Indenture and that the guarantee and waivers made by it pursuant to its Notes Guarantee are knowingly made in contemplation of such benefits. 

Section 10.06 Release of Notes Guarantees. 

(a) A Guarantor (other than, with respect to clauses (1), (2), (3) and (5) below, LGEC) shall be automatically and unconditionally
released and discharged from its obligations under its Notes Guarantee and this Indenture, and no further action by such Guarantor, the Issuer or the Trustee shall be required for the release of such Guarantor’s Notes Guarantee, upon: 

(1) any sale, assignment, transfer, conveyance, exchange or other disposition (by merger, amalgamation, consolidation or
otherwise) of the Capital Stock of such Guarantor, after which the applicable Guarantor is no longer a Restricted Subsidiary, or any sale, assignment, transfer, conveyance, exchange or other disposition of all or substantially all the assets of such
Guarantor (other than by lease); provided that, in each 

  
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of the foregoing cases, such sale, assignment, transfer, conveyance, exchange or other disposition is made in compliance with this Indenture, including, if applicable, Section 4.10 (it being
understood that only such portion of the Net Available Cash as is required to be applied on or before the date of such release in accordance with Section 4.10 needs to be applied in accordance therewith at such time) and Article 5; 

(2) the release or discharge of such Guarantor from its Guarantee of Indebtedness under the Senior Credit Facility (including
by reason of the termination of the Senior Credit Facility) and all other Material Indebtedness of the Issuer and the Guarantors; 

(3) the proper designation of any Restricted Subsidiary that is a Guarantor as an Unrestricted Subsidiary; 

(4) the Issuer exercising its Legal Defeasance option in accordance with Article 8 or the Issuer’s obligations under this
Indenture being discharged in accordance with the terms of this Indenture; or 
 (5) in the case of any Guarantor which has
provided a Notes Guarantee in the Issuer’s discretion and which does not or, substantially contemporaneously with the release, will not Guarantee any Material Indebtedness of the Issuer, the Issuer’s delivering notice to the Trustee of its
election to release such Guarantor from its Notes Guarantee; and 
 The Issuer shall, from time to time upon the written request of the
Trustee, provide the Trustee with a current list of the Guarantors. At the request of the Issuer, the Trustee shall execute and deliver an appropriate instrument evidencing the termination of the applicable Notes Guarantee. 

Section 10.07 Indemnity and Subrogation.  

In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to
Section 10.09), the Issuer agrees that in the event a payment shall be made by any Guarantor hereunder or under the Notes or the Notes Guarantee, the Issuer shall indemnify such Guarantor for the full amount of such payment and such Guarantor
shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of such payment. 

Section 10.08 Contribution and Subrogation.  

Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 10.09) that, in the event a payment shall be made
by any other Guarantor hereunder or under the Notes or the Notes Guarantee in respect of any amount owed thereunder to satisfy any obligation owed to the Trustee, or any Holder and such other Guarantor (the “Claiming Guarantor”)
shall not have been fully indemnified by the Issuer as provided in Section 10.07, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment multiplied by a fraction of which the numerator
shall be the net worth of the Contributing Guarantor on the date hereof and the denominator of which shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto after the date
hereof, the date such Guarantor becomes a party). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 10.08 shall be subrogated to the rights of such Claiming Guarantor under Section 10.07 to the
extent of such payment. 

  
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 Section 10.09 Subordination. 

Notwithstanding any provision of this Indenture to the contrary, all rights of the Guarantors under Sections 10.07 and 10.08 and all other
rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the indefeasible payment in full in cash of the Obligations hereunder and under the Notes. No failure on the part of the Issuer or any
Guarantor to make the payments required by Sections 10.07 and 10.08 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations
hereunder, and each Guarantor shall remain liable for the full amount of its obligations hereunder. The Issuer and each Guarantor hereby agree that all Indebtedness and other monetary obligations owed by it to the Issuer or any Restricted Subsidiary
shall be fully subordinated to the indefeasible payment in full in cash of the Obligations hereunder and under the Notes. 
 ARTICLE 11 

SATISFACTION AND DISCHARGE 

Section 11.01 Satisfaction and Discharge. 

(a) This Indenture will be discharged and will cease to be of further effect as to all Notes when either: 

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

(2) (A) all Notes not theretofore delivered to the Trustee for cancellation have become due and payable by reason of the making
of a notice of redemption or otherwise, will become due and payable within one year or may be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and
at the expense, of the Issuer, and the Issuer or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee, as trust funds in trust solely for the benefit of the Holders, cash in Dollars, Government Securities, or a
combination thereof, in such amounts as will be sufficient without consideration of any reinvestment of interest to pay and discharge the entire Indebtedness on the Notes not theretofore delivered to the Trustee for cancellation for principal,
premium, if any, and accrued interest to the date of maturity or redemption, as the case may be, as evidenced by an Officers’ Certificate of the Issuer (or, in the case of any deposit of Government Securities, as evidenced by the opinion of a
nationally recognized (in Canada or the United States) firm of independent public accountants); provided that with respect to any discharge that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for
purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium, calculated as of the date of the notice of redemption, with any deficit as of the date of the redemption only required to be
deposited with the Trustee on the date of the redemption; 

  
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 (B) no Event of Default set forth in, or Default relating to, Sections
6.01(a)(4), 6.01(a)(5), 6.01(a)(6) or 6.01(a)(7) shall have occurred and be continuing on the date of such deposit (other than an Event of Default or a Default resulting from borrowing funds to be applied to make such deposit and any similar and
simultaneous deposit relating to other Indebtedness and, in each case, the granting of Liens in connection therewith); and such deposit shall not result in a breach or violation of, or constitute a default under, the Senior Credit Facility or any
other material agreement or instrument (other than this Indenture) relating to Material Indebtedness of the Issuer or any Guarantor; 

(C) the Issuer has paid or caused to be paid all other sums payable by it under this Indenture; and 

(D) the Issuer has delivered irrevocable instructions to the Trustee to apply the deposited money toward the payment of the
Notes at maturity or the redemption date, as the case may be. 
 (b) In addition, the Issuer must deliver an Officers’ Certificate and
an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied. Notwithstanding the satisfaction and discharge of this Indenture, if money shall have been deposited with the Trustee
pursuant to subclause (A) of clause (2) of Section 11.01(a), the provisions of Section 11.02 and Section 8.06 shall survive. 

Section 11.02 Application of Trust Money. 

(a) Subject to the provisions of Section 8.06, all money deposited with the Trustee pursuant to Section 11.01 shall be held in trust
and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal, premium, if any, and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 

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

  
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 ARTICLE 12 

MISCELLANEOUS 

Section 12.01 Trust Indenture Act. 

The provisions of the Trust Indenture Act do not apply to this Indenture or the Notes. 

Section 12.02 Notices. 

(a) Any notice or communication by the Issuer, any Guarantor or the Trustee to the others is duly given if in writing and (1) delivered in
person, (2) mailed by first-class mail (certified or registered, return receipt requested) or overnight air courier guaranteeing next day delivery or (3) sent by facsimile or electronic transmission, to the others’ addresses: 

If to the Issuer and/or any Guarantor: 

c/o Lions Gate Entertainment Inc. 

2700 Colorado Avenue 
 Santa
Monica, California 90404 
 Fax No.: (310) 255-3801 

Attention: James W. Barge, Chief Financial Officer 

With a copy to: 
 Wachtell,
Lipton, Rosen & Katz 
 51 West 52nd Street 

New York, NY 10019 
 Fax No: (212)
403-2000 
 Attention: John R. Sobolewski and Joshua A. Feltman 

If to the Trustee: 
 Deutsche Bank
Trust Company Americas 
 Trust & Agency Services 

60 Wall Street, 24th Floor 
 Mail
Stop: NYC60-2407 
 New York, New York 10005 

Fax No.: (732) 578-4635 

Attention: Corporates Team Deal Manager – Lions Gate Capital Holdings LLC, SF4657 

The Issuer, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or communications.

 (b) 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; on the first date on which publication is made if by publication; five calendar days after being deposited in the mail, postage prepaid, if mailed by first-class mail; the next Business Day after timely

  
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delivery to the courier, if mailed by overnight air courier guaranteeing next day delivery; when receipt acknowledged, if sent by facsimile or electronic transmission; on the date sent to DTC, if
given in accordance with the procedures of DTC; provided that any notice or communication delivered to the Trustee shall be deemed effective upon actual receipt thereof.  

(c) Any notice or communication to a Holder shall be mailed by first-class mail (certified or registered, return receipt requested) or by
overnight air courier guaranteeing next day delivery to its address shown on the Note Register or by such other delivery system as the Trustee agrees to accept. 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. 
 (d) Where this Indenture provides for notice in any manner, such notice may be
waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a
condition precedent to the validity of any action taken in reliance upon such waiver. 
 (e) Where this Indenture provides for notice of any
event to a Holder of a Global Note, such notice shall be sufficiently given if given to the Depositary for such Note (or its designee), pursuant to the applicable procedures of such Depositary, if any, prescribed for the giving of such notice. 

(f) The Trustee agrees to accept and act upon notice, instructions or directions pursuant to this Indenture sent by unsecured facsimile or
electronic transmission; provided, however, that (1) the party providing such written notice, instructions or directions, subsequent to such transmission of written instructions, shall provide the originally executed instructions
or directions to the Trustee in a timely manner, and (2) such originally executed notice, instructions or directions shall be signed by an authorized representative of the party providing such notice, instructions or directions. The Trustee
shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reasonable reliance upon and compliance with such notice, instructions or directions notwithstanding such notice, instructions or directions
conflict or are inconsistent with a subsequent notice, instructions or directions. 
 (g) If a notice or communication is sent in the manner
provided above within the time prescribed, it is duly given, whether or not the addressee receives it. 
 (h) If the Issuer sends a notice or
communication to Holders, it shall send a copy to the Trustee and each Agent at the same time. 
 (i) Facsimile, documents executed, scanned
and transmitted electronically and electronic signatures, including those created or transmitted through a software platform or application, shall be deemed original signatures for purposes of this Indenture and all matters and agreements related
thereto, with such facsimile, scanned and electronic signatures having the same legal effect as original signatures. The parties agree that this Indenture or any instrument, agreement or document necessary for the consummation of the transactions
contemplated by this Indenture or related hereto or thereto (including, without limitation, addendums, amendments, notices, instructions, communications with respect to the delivery of securities or the wire transfer of funds or other
communications) (“Executed Documentation”) may be accepted, executed or agreed to through the use of an electronic signature in accordance with applicable 

  
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laws, rules and regulations in effect from time to time applicable to the effectiveness and enforceability of electronic signatures. Any Executed Documentation accepted, executed or agreed to in
conformity with such laws, rules and regulations will be binding on all parties hereto to the same extent as if it were physically executed and each party hereby consents to the use of any third party electronic signature capture service providers
as may be reasonably chosen by a signatory hereto or thereto. When the Trustee acts on any Executed Documentation sent by electronic transmission, the Trustee will not be responsible or liable for any losses, costs or expenses arising directly or
indirectly from its reliance upon and compliance with such Executed Documentation (other than any such losses, costs or expenses arising directly or indirectly from the Trustee’s own gross negligent action, gross negligent failure to act, or
willful misconduct), notwithstanding that such Executed Documentation (a) may not be an authorized or authentic communication of the party involved or in the form such party sent or intended to send (whether due to fraud, distortion or
otherwise) or (b) may conflict with, or be inconsistent with, a subsequent written instruction or communication; it being understood and agreed that the Trustee shall conclusively presume that Executed Documentation that purports to have been
sent by an authorized officer of a Person has been sent by an authorized officer of such Person. Subject to the foregoing provisions of this Section 12.02, the Issuer agrees to assume all risks arising out of such electronic methods to submit
instructions and directions to the Trustee, including, without limitation, the risk of the Trustee acting on unauthorized instructions and the risk of interception and misuse by third parties. 

Section 12.03 Communication by Holders with Other Holders. 

Holders may communicate with other Holders with respect to their rights under this Indenture or the Notes in the manner contemplated by the
provisions of Section 312(b) of the Trust Indenture Act (it being understood that, for the avoidance of doubt, the provisions of the Trust Indenture Act do not apply to this Indenture or the Notes). The disclosure by the Trustee of any such
information as to the names and addresses of the Holders in accordance with the provisions of this Section 12.03, regardless of the source from which such information was derived, shall not be deemed to be a violation of any existing law, or of
any law hereafter enacted, nor shall such Trustee be held accountable by reason of mailing any material pursuant to a request made under this Section 12.03. 

Section 12.04 Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Issuer or any Guarantor to the Trustee to take any action under this Indenture, the Issuer or such
Guarantor, as the case may be, shall, at the request of the Trustee, furnish to the Trustee: 
 (1) an Officers’
Certificate in form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.05) stating that, in the opinion of the signer(s), all conditions precedent and covenants, if any, provided for
in this Indenture relating to the proposed action have been complied with; and 
 (2) an Opinion of Counsel in form and
substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.05) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with; provided
that (A) subject to Section 4.15 and Section 5.01(c), no Opinion of Counsel shall be required in connection with the addition of a Guarantor under this Indenture upon execution and delivery by such Guarantor and the Trustee of a
supplemental indenture to this Indenture, the form of which is attached as Exhibit C and (B) no Opinion of Counsel shall be required in connection with the issuance of Notes on the Issue Date. 

  
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 Section 12.05 Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to Section 4.04) shall include: 
 (1) a statement that the Person making such certificate or opinion
has read such covenant or condition; 
 (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the
opinion of such Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with (and, in the case of an Opinion
of Counsel, may be limited to reliance on an Officers’ Certificate as to matters of fact); and 
 (4) a statement as to
whether or not, in the opinion of such Person, such condition or covenant has been complied with. 
 Section 12.06 Rules by Trustee
and Agents. 
 The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make
reasonable rules and set reasonable requirements for its functions. 
 Section 12.07 No Personal Liability of Directors, Officers,
Employees and Stockholders. 
 No director, Officer, employee, incorporator or stockholder of the Issuer or the Guarantors, as such,
shall have any liability for any obligations of the Issuer under the Notes, this Indenture or the Notes Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. 

Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of
the Notes. 
 Section 12.08 Governing Law. 

THIS INDENTURE, THE NOTES AND ANY NOTES GUARANTEE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

  
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 Section 12.09 Waiver of Jury Trial. 

EACH OF THE ISSUER, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES, THE NOTES GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 12.10 Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations under this Indenture
arising out of or caused by, directly or indirectly, forces beyond its reasonable control, including without limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or
acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the
banking industry to resume performance as soon as practicable under the circumstances. 
 Section 12.11 No Adverse Interpretation of
Other Agreements. 
 This Indenture may not be used to interpret any other indenture, loan or debt agreement of LGEC or its Restricted
Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 12.12 Successors. 

All agreements of the Issuer in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall
bind its successors. All agreements of each Guarantor in this Indenture shall bind its successors, except as otherwise provided in Section 10.06. 

Section 12.13 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 12.14 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. One signed copy is enough to prove this Indenture. Notwithstanding the foregoing, the exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Indenture as to the parties hereto and may be used in lieu of the original Indenture and signature pages for all purposes. 

  
 -119- 

 Section 12.15 Table of Contents, Headings, etc. 

The Table of Contents, Section 1.02 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 12.16 U.S.A. PATRIOT Act. 

In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including, without limitation, those relating to the funding of terrorist activities and money laundering, including Section 326 of the USA PATRIOT Act of the United States (“Applicable AML Law”), the Trustee and Agents are
required to obtain, verify, record and update certain information relating to individuals and entities which maintain a business relationship with the Trustee and Agents. Accordingly, each of the parties agree to provide to the Trustee and Agents,
upon their request from time to time such identifying information and documentation as may be available for such party in order to enable the Trustee and Agents to comply with Applicable AML Law. 

Section 12.17 Consent to Jurisdiction; Appointment of Agent for Service of Process. 

(a) The Issuer and each Guarantor, jointly and severally, agrees that any suit, action or proceeding against the Issuer or any Guarantor
arising out of or relating to this Indenture, the Notes and the Notes Guarantees may be instituted in any state or U.S. Federal court in the Borough of Manhattan in the City of New York, County and State of New York, United States of America, and
any appellate court from any thereof, and the Issuer and each Guarantor irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding. The Issuer and each
Guarantor irrevocably waives, to the fullest extent permitted by law, any objection to any suit, action or proceeding that may be brought in connection with this Indenture, the Notes and the Notes Guarantees, including such actions, suits or
proceedings relating to the securities laws of the U.S. or any state thereof, in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been brought in an inconvenient forum.
The final judgment in any such suit, action or proceeding brought in such court shall be conclusive and binding upon the Issuer or relevant Guarantor and may be enforced in any court to the jurisdiction of which the Issuer or relevant Guarantor is
subject by a suit upon such judgment; provided that service of process is effected upon the Issuer or relevant Guarantor in the manner provided by this Section 12.17. 

(b) The Issuer and each Guarantor hereby consents to service of process by mail at the address to which notices are to be given to it pursuant
to Section 12.02. 
 Section 12.18 Judgment Currency 

If for the purposes of obtaining judgment in any court it is necessary to convert a sum due under the Notes or this Indenture into any currency
other than Dollars, the Issuer and each Guarantor agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase Dollars with such
other currency in The City of New York on the Business Day preceding that on which final judgment is given. The obligation of the Issuer and each Guarantor with respect to any sum due from it to the Trustee and the Holders shall, notwithstanding any
judgment in a currency other than Dollars, not be discharged until the first Business Day following receipt by 

  
 -120- 

 
the Trustee or the Holders of any sum in such other currency, and only to the extent that the Trustee may in accordance with normal banking procedures purchase Dollars with such other currency.
If the Dollars so purchased are less than the sum originally due to the Trustee or the Holders, the Issuer and each of the Guarantors, jointly and severally, to the extent permitted by law, agree as a separate obligation and notwithstanding any such
judgment, to indemnify the Trustee and such Holders against such loss. If the Dollars so purchased are greater than the sum originally due to the Trustee or the Holders, the Trustee and the Holders agree to pay to the Issuer an amount equal to the
excess of the Dollars so purchased over the sum originally due to such person. 
 [Signatures on following pages] 

  
 -121- 

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

	
	LIONS GATE CAPITAL HOLDINGS LLC
	
	 /s/ James W. Barge

	Name: James W. Barge
	Title:   Chief Financial Officer and Treasurer
	
	LIONS GATE ENTERTAINMENT CORP.
	
	 /s/ James W. Barge

	Name: James W. Barge
	Title:   Chief Financial Officer

  

  
 [Signature Page to
Indenture] 

  

	
	    GUARANTORS:
	
	 3F PRODUCTIONS, INC. (F/K/A CATX TIME AFTER TIME 12 PRODUCTIONS, INC.)

	
	ALTERNATE UNIVERSE, LLC
	
	AMERICAN LION PRODUCTIONS, INC.
	
	 AMNESIA PRODUCTIONS, LLC (F/K/A EXTERIOR PRODUCTIONS, LLC)

	
	ANCHOR BAY ENTERTAINMENT, LLC
	
	ARIES PICTURES LLC
	
	ARTISAN ENTERTAINMENT INC.
	
	ARTISAN HOME ENTERTAINMENT INC.
	
	ARTISAN PICTURES LLC
	
	 AYD PRODUCTIONS, INC. (F/K/A CATX CERTAIN SLANT 12 PRODUCTIONS, INC.)

	
	BLINDSPOTTING PRODUCTIONS, INC.
	
	BMF PRODUCTIONS, INC.
	
	BOTTOM DOLLAR PRODUCTIONS, INC.
	
	CANDY CANE LANE PRODUCTIONS, INC.
	
	CASUAL PRODUCTIONS, INC.
	
	CATX EXORCISM 12 PRODUCTIONS, INC.
	
	CATX TWO EYES 12 PRODUCTIONS, INC.
	
	CATX WEE 12 PRODUCTIONS, INC.
	
	CB DEVELOPMENT, LLC
	
	CB DIRECT, LLC
	
	 CBLG PRODUCTIONS, LLC (D/B/A CODEBLACK FILMS)

	
	CBNU PRODUCTIONS, LLC
	
	CHAINS PRODUCTIONS, INC.
	
	CONDEMNED PRODUCTIONS, INC.
	
	CONFIDENTIAL PRODUCTIONS, INC.
	
	 CONTINENTAL PRODUCTIONS, INC. (F/K/A LGTV SET UP 2 PRODUCTIONS, INC.)

	
	CRUSHED PRODUCTIONS, INC.

  
 [Signature Page to
Indenture] 

	
	D30 PRODUCTIONS, INC.
	
	DB2 PRODUCTIONS, LLC
	
	DD1 PRODUCTIONS, LLC
	
	DD2 ACQUISITION CORP.
	
	DEBMAR STUDIOS, INC.
	
	DEBMAR/MERCURY, LLC
	
	DELISH PROJECTS, LLC
	
	DELISH TELEVISION DEVELOPMENT, LLC
	
	DESPERADO UNIVERSE PRODUCTIONS, LLC
	
	DESPERADOS, LLC
	
	DIGITAL MURDER, INC.
	
	FILM HOLDINGS CO.
	
	FLOTUS PRODUCTIONS, INC.
	
	FRIENDS FINANCING, INC.
	
	GC FILMS, INC.
	
	GOOD BOYS PRODUCTIONS, LLC
	
	GOOD EVEL PRODUCTIONS, INC.
	
	GRINDSTONE ENTERTAINMENT GROUP, LLC
	
	GUILT PRODUCTIONS, INC.
	
	HIGHER POST LLC
	
	 HIGHTOWN PRODUCTIONS, INC. (F/K/A LGTV SET UP 4 PRODUCTIONS, INC.)

	
	HOME EC PRODUCTIONS, INC.
	
	HONORED PRODUCTIONS, INC.
	
	HOUDINI PRODUCTIONS, INC.
	
	HSKL PRODUCTIONS, INC.
	
	INFLUENCE PRODUCTIONS, INC.
	
	INVISIBLE CASTING INC.
	
	JERRY O TALK, LLC
	
	JUST REWARDS PRODUCTIONS, INC.
	
	K1 PRODUCTIONS, INC.
	
	LANDSCAPE ENTERTAINMENT CORP.
	
	LAYOVER PRODUCTIONS, INC.

  
 [Signature Page to
Indenture] 

	
	LG CAPITAL HOLDINGS, INC.
	
	LG HORROR CHANNEL HOLDINGS, LLC
	
	LG JV SERVICING COMPANY, LLC
	
	LGAC 1, LLC
	
	LGAC 3, LLC
	
	LGAC INTERNATIONAL LLC
	
	LGDG FILMS, INC.
	
	LGDS DEVELOPMENT, INC.
	
	LGDS DIRECT, INC.
	
	LGDS PRODUCTIONS, INC.
	
	LG-MAX LLC
	
	LGTV ANIMATION, INC.
	
	LGTV PRODUCTIONS, INC.
	
	LIONS GATE ANCILLARY LLC
	
	LIONS GATE CAPITAL HOLDINGS 1, INC.
	
	LIONS GATE DIGITAL PROJECTS, INC.
	
	LIONS GATE DIGITAL STUDIOS, INC.
	
	LIONS GATE ENTERTAINMENT INC.
	
	LIONS GATE EXHIBITION, INC.
	
	 LIONS GATE FILMS HOLDINGS COMPANY #1, INC.

	
	 LIONS GATE FILMS HOLDINGS COMPANY #2, INC.

	
	LIONS GATE FILMS INC.
	
	LIONS GATE INDIA INC.
	
	LIONS GATE INTERACTIVE, INC.
	
	LIONS GATE INTERNATIONAL SALES, LLC
	
	LIONS GATE MUSIC PUBLISHING LLC
	
	LIONS GATE MUSIC, INC.
	
	LIONS GATE ONLINE SHOP INC.
	
	LIONS GATE PENNSYLVANIA, INC.
	
	LIONS GATE PRODUCTIONS, LLC
	
	LIONS GATE RECORDS, INC.

  
 [Signature Page to
Indenture] 

	
	 LIONS GATE RELEASING LLC (F/K/A ARTISAN RELEASING LLC)

	
	LIONS GATE SPIRIT HOLDINGS, LLC
	
	LIONS GATE TELEVISION DEVELOPMENT LLC
	
	LIONS GATE TELEVISION INC.
	
	 LIONS GATE TELEVISION INTERNATIONAL - LATIN AMERICA, INC.

	
	 LIONS GATE TRUE NORTH CORP. 

	
	 LIONS GATE TRUE NORTH MEDIA, LLC

	
	LIONS GATE X PRODUCTIONS, LLC
	
	LIONSGATE LBE, INC.
	
	LOVE LESSONS PRODUCTIONS, INC.
	
	LOVE LIFE PRODUCTIONS, INC.
	
	MACARTHUR PARK PRODUCTIONS, INC.
	
	MANDATE FILMS, LLC
	
	MANDATE PICTURES, LLC
	
	MANHUNT PRODUCTIONS, INC.
	
	 MARRY ME? PRODUCTIONS, INC. (F/K/A GOOSED PRODUCTIONS, INC.)

	
	MIDDLE WEST PRODUCTIONS, INC.
	
	MILLERS GIRL PRODUCTIONS, LLC
	
	MONOGAMISH PRODUCTIONS, INC.
	
	MQP, LLC
	
	MSP PRODUCTIONS, LLC
	
	NGC FILMS, INC.
	
	NICHE PRODUCTIONS, LLC
	
	OLD HICKORY PRODUCTIONS, INC.
	
	ONE RESILIENCE PRODUCTIONS, INC.
	
	OVERTURE FILMS, LLC
	
	PARADISE PRODUCTIONS, INC.
	
	PIPELINE CASTING, INC.
	
	PLAYLIST PRODUCTIONS, INC.

  
 [Signature Page to
Indenture] 

	
	 POWER FORCE PRODUCTIONS, INC. (F/K/A LGTV N201 PRODUCTIONS, INC.)

	
	POWER MONGERING DESPOT, INC.
	
	P-VALLEY PRODUCTIONS, INC.
	
	 QUEST PRODUCTIONS, INC. (F/K/A LGTV SET UP 1 PRODUCTIONS, INC.)

	
	 ROAD TO TINUE PRODUCTIONS, INC. (F/K/A LGTV SET UP 3 PRODUCTIONS, INC.)

	
	ROYALS PRODUCTIONS, INC.
	
	RRR PRODUCTIONS, LLC
	
	SCREENING ROOM, INC.
	
	SEE ME LOUISIANA, L.L.C.
	
	SELP, LLC
	
	SERPENT QUEEN PRODUCTIONS, INC.
	
	 SF1 PRODUCTIONS, INC. (F/K/A CATX RICKY 12 PRODUCTIONS, INC.)

	
	SILENT DEVELOPMENT CORP.
	
	SOUTH SHORE PRODUCTIONS, INC.
	
	SPACE CAMP PRODUCTIONS, LLC
	
	STARZ ACQUISITION LLC
	
	STARZ AVOCADO PRODUCTIONS, LLC
	
	STARZ BALLET PRODUCTIONS, LLC
	
	STARZ BLACK SAMURAI PRODUCTIONS, LLC
	
	STARZ BSJ PRODUCTIONS, LLC
	
	STARZ CANADA HOLDCO, LLC
	
	STARZ DOCU-SERIES PRODUCTIONS, LLC
	
	STARZ ENTERTAINMENT, LLC
	
	STARZ ENTITY HOLDING COMPANY, LLC
	
	STARZ EVIL PRODUCTIONS, LLC
	
	STARZ FAMILY CRIMES PRODUCTIONS, LLC
	
	STARZ FASHION PRODUCTIONS, LLC
	
	STARZ FINANCE CORP.
	
	STARZ INDEPENDENT, LLC

  
 [Signature Page to
Indenture] 

	
	STARZ LEAVENWORTH PRODUCTIONS, LLC
	
	STARZ LIBERTY CITY PRODUCTIONS, LLC
	
	STARZ MEDIA, LLC
	
	 STARZ NU DOCUMENTARY PRODUCTIONS, LLC

	
	STARZ PIRATES PRODUCTIONS, LLC
	
	STARZ POUR VIDA PRODUCTIONS, LLC
	
	STARZ REMORSE PRODUCTIONS, LLC
	
	 STARZ RODEO PRODUCTIONS, LLC (F/K/A STARZ AFTER SHOW PRODUCTIONS, LLC)

	
	STARZ VENERY PRODUCTIONS, INC.
	
	STARZ RUNAWAY PRODUCTIONS, LLC
	
	STARZ SAFARI PRODUCTIONS, LLC
	
	STARZ SECRET KEEPERS PRODUCTIONS, LLC
	
	STARZ THE FIELD PRODUCTIONS, LLC
	
	STARZ, LLC
	
	STEP-UP PRODUCTIONS, INC.
	
	SUMMIT DISTRIBUTION, LLC
	
	 SUMMIT ENTERTAINMENT DEVELOPMENT SERVICES

	
	SUMMIT ENTERTAINMENT, LLC
	
	SUMMIT GUARANTY SERVICES, LLC
	
	 SUMMIT INTERNATIONAL DISTRIBUTION, INC.

	
	SUMMIT PRODUCTIONS, LLC
	
	SUMMIT SIGNATURE, LLC
	
	SWS PRODUCTIONS, INC.
	
	TALK WW PRODUCTIONS, INC.
	
	TOUCHDOWN PRODUCTIONS, INC.
	
	TRUE NORTH MEDIA, LLC
	
	 TWEED PRODUCTIONS, LLC (F/K/A WGP PRODUCTIONS, LLC)

	
	TWILIGHT DOMESTIC RIGHTS, LLC
	
	TWILIGHT PRODUCTIONS, LLC

  
 [Signature Page to
Indenture] 

	
	U.R.O.K. PRODUCTIONS, INC.
	
	UC PRODUCTIONS, LLC
	
	UNITED FANDOM, LLC
	
	VENERY PRODUCTIONS, INC.
	
	VESTRON INC.
	
	WHITE FAMOUS PRODUCTIONS, INC.
	
	WOMEN IN COMEDY DOCUMENTARY, LLC
	
	YKM PRODUCTIONS, INC.
	
	 ZP PRODUCTIONS, INC. (F/K/A PRESIDENTIAL PRODUCTIONS, INC.)

  

			
	By:	 	 /s/ James W. Barge

		 	Name: James W. Barge
		 	Title: Authorized Officer

  

  
 [Signature Page to
Indenture] 

 
			
	 CENTRAL AVE. PRODUCTIONS, INC.

	
	 NICK TALK PRODUCTIONS, INC.

	
	 PLLG LEGAL, INC.

	
	 PSGM, INC.

		
	 By:
	 	 /s/ Adrian Kuzycz

		 	 Name: Adrian Kuzycz

		 	 Title: Authorized Officer

  

  
 [Signature Page to
Indenture] 

 
			
	BLIND MAN PRODUCTIONS, LLC
	
	CHERRIES PRODUCTIONS, LLC
	
	DISASTER ARTIST, LLC
	
	DJ LOVE PRODUCTIONS, LLC
	
	EXTINCT SHADOW PRODUCTIONS, LLC
	
	FOUR FELLAS PRODUCTIONS, LLC
	
	GOOD UNIVERSE DEVELOPMENT, LLC
	
	GOOD UNIVERSE FILMS, LLC
	
	GOOD UNIVERSE INTERNATIONAL, LLC
	
	GOOD UNIVERSE MEDIA, LLC
	
	 OB PRODUCTIONS, INC. (F/K/A OLDBOY PRODUCTIONS)

	
	TOWNIES PRODUCTIONS, LLC
	
	TOWNIES 2 PRODUCTIONS, LLC
	
	XMAS PRODUCTIONS, LLC
		
	By:	 	 /s/ Daniel Freedman

		 	Name: Daniel Freedman
		 	Title: Authorized Officer

  

  
 [Signature Page to
Indenture] 

 
			
	 DEBMAR/MERCURY (WW) PRODUCTIONS, LLC

	
	 J&C ENTERTAINMENT, INC.

		
	 By:
	 	 /s/ Michael Hainkel

		 	 Name: Michael Hainkel

		 	 Title: Authorized Officer

  
 [Signature Page to
Indenture] 

 
			
	UK GUARANTORS:
	
	LIONS GATE CHINA (UK) LIMITED
		
	By:	 	 /s/ Sandra Benoit

		 	Name: Sandra Benoit
		 	Title: Director
	
	LIONS GATE INTERNATIONAL MEDIA LIMITED
		
	By:	 	 /s/ Sandra Benoit

		 	Name: Sandra Benoit
		 	Title: Director
	
	LIONS GATE INTERNATIONAL (UK) LIMITED
		
	By:	 	 /s/ Sandra Benoit

		 	Name: Sandra Benoit
		 	Title: Director
	
	LIONS GATE INTERNATIONAL (UK) FILM DEVELOPMENT LIMITED
		
	By:	 	 /s/ Sandra Benoit

		 	Name: Sandra Benoit
		 	Title: Director

  

  
 [Signature Page to
Indenture] 

  

			
	LUX GUARANTORS:
	
	LIONS GATE INTERNATIONAL MOTION PICTURES S.À R.L.
	société à responsabilité limitée
	3, boulevard Royal
	L-2449 Luxembourg
	RCS number B 185480
		
	By:	 	 /s/ Georges Scheuer

		 	Name: Georges Scheuer
		 	Title: Class A Manager
	
	LIONS GATE INTERNATIONAL SLATE INVESTMENT S.A.
	société anonyme
	3, boulevard Royal
	L-2449 Luxembourg
	RCS number B 193789
		
	By:	 	 /s/ Georges Scheuer

		 	Name: Georges Scheuer
		 	Title: Class A Director
	
	ENTERTAINMENT CAPITAL HOLDINGS INTERNATIONAL S.À R.L.
	société à responsabilité limitée
	3, boulevard Royal
	L-2449 Luxembourg
	RCS number B 225278
		
	By:	 	 /s/ Georges Scheuer

		 	Name: Georges Scheuer
		 	Title: Class A Manager

  

  
 [Signature Page to
Indenture] 

 
			
	 LIONS GATE INDIA S.À R.L.

	 société à responsabilité
limitée

	 3, boulevard Royal

	 L-2449 Luxembourg

	 RCS number B 217487

		
	 By:
	 	 /s/ Georges Scheuer

		 	 Name: Georges Scheuer

		 	 Title: Class A Manager

	
	 ENTERTAINMENT CAPITAL LUX S.À R.L.

	 société à responsabilité
limitée

	 3, boulevard Royal

	 L-2449 Luxembourg

	 RCS number B 230154

		
	 By:
	 	 /s/ Georges Scheuer

		 	 Name: Georges Scheuer

		 	 Title: Class A Manager

  

  
 [Signature Page to
Indenture] 

  

			
	CANADIAN GUARANTORS:
	
	CENTBOMB PRODUCTIONS CORP.
	
	LIONS GATE MEDIA CANADA GP INC.
	
	FIRST LADY PRODUCTIONS ULC
	
	 LIONS GATE MEDIA CANADA LIMITED PARTNERSHIP, by its general partner, Lions Gate Media
Canada GP Inc.

	
	LIONS GATE MUSIC CORP.
	
	LIONS GATE X PRODUCTIONS CORP.
		
	By:	 	 /s/ Adrian Kuzycz

		 	Name: Adrian Kuzycz
		 	Title: Authorized Signatory

  

  
 [Signature Page to
Indenture] 

  

			
	TRUSTEE:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	 /s/ Bridgette Casasnovas

		 	 Name: Bridgette Casasnovas

		 	 Title: Vice President

		
	By:	 	 /s/ Robert Peschler

		 	 Name: Robert Peschler

		 	 Title: Vice President

  

  
 [Signature Page to
Indenture] 

 APPENDIX A 

PROVISIONS RELATING TO INITIAL NOTES 

AND ADDITIONAL NOTES 
 Section 1.1
Definitions. 
 (a) Capitalized Terms. 

Capitalized terms used but not defined in this Appendix A have the meanings given to them in this Indenture. The following capitalized
terms have the following meanings: 
 “Applicable Procedures” means, with respect to any transfer or transaction involving
a Regulation S Global Note or beneficial interest therein, the rules and procedures of the Depositary for such Global Note, Euroclear and Clearstream, in each case to the extent applicable to such transaction and as in effect from time to time.

 “Clearstream” means Clearstream Banking, Société Anonyme, or any successor securities clearing agency.

 “Distribution Compliance Period,” with respect to any Note, means the 40-day
“distribution compliance period” as defined in Regulation S. 
 “Euroclear” means Euroclear Bank SA/NV, as
operator of the Euroclear System, or any successor securities clearing agency. 
 “IAI” means an institutional
“accredited investor” as described in Rule 501. 
 “QIB” means a “qualified institutional buyer”
as defined in Rule 144A. 
 “Regulation S” means Regulation S promulgated under the Securities Act. 

“Regulation S Notes” means any notes offered and sold in reliance on Regulation S. 

“Regulation S Permanent Global Notes” means any Regulation S Notes issued in the form of one or more global Notes that are no
longer subject to the Distribution Compliance Period. 
 “Regulation S Temporary Global Notes” means any Regulation S Notes
issued in the form of one or more global Notes that are subject to the Distribution Compliance Period. 
 “Rule 144” means
Rule 144 promulgated under the Securities Act. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 144A Notes” means any notes offered and sold in reliance on Rule 144A. 

“Rule 501” means Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

  
 1 

 “Unrestricted Global Note” means any Global Note that does not bear or is
not required to bear the Restricted Notes Legend. 
 (b) Other Definitions. 

 

					
	 Term:
	  	Defined in Section:	 
	 “Agent Members”
	  	 	2.1	(d) 
	 “Automatic Exchange”
	  	 	2.3	(e) 
	 “Automatic Exchange Date”
	  	 	2.3	(e) 
	 “Automatic Exchange Notice”
	  	 	2.3	(e) 
	 “Automatic Exchange Notice Date”
	  	 	2.3	(e) 
	 “Global Note”
	  	 	2.1	(b) 
	 “Global Notes Legend”
	  	 	2.3	(f)(i) 
	 “IAI Global Note”
	  	 	2.1	(b) 
	 “Initial Global Note”
	  	 	2.1	(b) 
	 “OID Notes Legend”
	  	 	2.3	(f)(i) 
	 “Regulation S Global Note”
	  	 	2.1	(b) 
	 “Regulation S Temporary Global Notes Legend”
	  	 	2.3	(f)(i) 
	 “Restricted Notes Legend”
	  	 	2.3	(f)(i) 
	 “Rule 144A Global Note”
	  	 	2.1	(b) 

 Section 2.1 Form and Dating. 

(a) The Initial Notes issued on the date hereof shall be issued in a transaction exempt from registration under the Securities Act. Additional
Notes may include (1) Rule 144A Notes and (2) Regulation S Notes, and any such Additional Notes may thereafter be transferred to, among others, QIBs, purchasers in reliance on Regulation S and, except as set forth below, IAIs in
accordance with Rule 501. 
 (b) Global Notes. The Initial Notes shall be issued initially in the form of one or more permanent
global Notes in definitive, fully registered form (collectively, the “Initial Global Note”), any Additional Notes constituting Rule 144A Notes shall be issued initially in the form of one or more permanent global Notes in
definitive, fully registered form (collectively, the “Rule 144A Global Note”) and any Additional Notes constituting Regulation S Notes shall be issued initially in the form of Regulation S Temporary Global
Notes (collectively with the Regulation S Permanent Global Notes, the “Regulation S Global Note”), in each case without interest coupons and bearing the Global Notes Legend and Restricted Notes Legend, which shall be deposited on
behalf of the purchasers of the Notes represented thereby with the Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Issuer and authenticated by the Trustee as provided in this Indenture.
One or more global Notes in definitive, fully registered form without interest coupons and bearing the Global Notes Legend and the Restricted Notes Legend (collectively, the “IAI Global Note”) shall also be issued on any issue date
in respect of Additional Notes constituting Rule 144A Notes or Regulation S Notes, deposited with the Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Issuer and authenticated by the
Trustee as provided in this Indenture to accommodate transfers of beneficial interests in the Notes to IAIs subsequent to the initial distribution. Beneficial ownership interests in any Regulation S Global Note shall not be exchangeable for
interests in the Rule 144A Global Note, the IAI Global Note or any other Note without a Restricted Notes Legend until the expiration of the Distribution 

  
 2 

 
Compliance Period. The Initial Global Note, Rule 144A Global Note, the IAI Global Note and the Regulation S Global Note are each referred to herein as a “Global Note”
and are collectively referred to herein as “Global Notes”; provided that the term “Global Note” when used in Sections 2.1(d), 2.3(b), 2.3(g), 2.3(h)(i), 2.3(h)(ii) and 2.4 of this Appendix A and
Section 2.06 of this Indenture shall also include the Unrestricted Global Note. Each Global Note shall represent such of the outstanding Notes as shall be specified in the “Schedule of Exchanges of Interests in the Global Note”
attached thereto and each shall provide that it shall represent up to the aggregate principal amount of Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time
be reduced or increased, as applicable, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be made
by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 of this Indenture and Section 2.3(c) below. 

(c) Temporary Global Notes. Any Initial Notes and any Additional Notes offered and sold in reliance on Regulation S shall be issued
initially in the form of the Regulation S Temporary Global Note, which shall be deposited on behalf of the purchasers of the Notes with the Trustee, as custodian for the Depositary, and registered in the name of the Depositary or the nominee of the
Depositary for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Issuer and authenticated by the Trustee as hereinafter provided. 

Following the termination of the Distribution Compliance Period, beneficial interests in the Regulation S Temporary Global Note shall be
exchanged for beneficial interests in the Regulation S Permanent Global Note. The aggregate principal amount of the Regulation S Temporary Global Note and the Regulation S Permanent Global Note may from time to time be increased or decreased by
adjustments made on the records of the Trustee and the Depositary or its nominee, as the case may be, in connection with transfers of interest as hereinafter provided. 

(d) Book-Entry Provisions. This Section 2.1(d) shall apply only to a Global Note deposited with or on behalf of the Depositary.

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

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 by the Trustee as Custodian or under such Global Note, and the Depositary may be treated by the Issuer, the Trustee and any agent of the Issuer or the Trustee as the absolute owner of such
Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer 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 Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a holder of a beneficial interest in any Global Note. 

  
 3 

 (e) Definitive Notes. Except as provided in Section 2.3 or 2.4, owners of
beneficial interests in Global Notes shall not be entitled to receive physical delivery of certificated Notes. 
 Section 2.2 Authentication.
The Trustee shall authenticate and make available for delivery upon a written order of the Issuer signed by one Officer of the Issuer (a) Initial Notes for original issue on the date hereof in an aggregate principal amount of $1,000,000,000,
(b) subject to the terms of this Indenture, Additional Notes and (c) the Unrestricted Global Notes for issue only in accordance with Section 2.3(e). Such order shall specify the amount of the Notes to be authenticated, the date on
which the original issue of Notes is to be authenticated and whether the Notes are to be Initial Notes, Additional Notes or Unrestricted Global Notes. 

Section 2.3 Transfer and Exchange. 

(a) Transfer and Exchange of Definitive Notes for Definitive Notes. When Definitive Notes are presented to the Registrar with a request:

 (i) to register the transfer of such Definitive Notes; or 

(ii) to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other authorized denominations,

 the Registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such transaction are met; provided,
however, that the Definitive Notes surrendered for transfer or exchange: 
 (1) shall be duly endorsed or accompanied
by a written instrument of transfer in form reasonably satisfactory to the Issuer and the Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing; 

(2) in the case of Transfer Restricted Notes, are accompanied by the following additional information and documents, as
applicable: 
 (A) if such Definitive Notes are being delivered to the Registrar by a Holder for registration in the name of
such Holder, without transfer, a certification from such Holder to that effect (in the form set forth on the reverse side of the Initial Note); or 

(B) if such Definitive Notes are being transferred to the Issuer, a certification to that effect (in the form set forth on the
reverse side of the Initial Note); or 

  
 4 

 (C) if such Definitive Notes are being transferred pursuant to an exemption
from registration in accordance with Rule 144 under the Securities Act or in reliance upon another exemption from the registration requirements of the Securities Act, (x) a certification to that effect (in the form set forth on the reverse
side of the Initial Note) and (y) if the Issuer so requests, an opinion of counsel or other evidence reasonably satisfactory to it as to the compliance with the restrictions set forth in the applicable legends set forth in
Section 2.3(f)(i); and 
 (D) in respect of a transfer of Definitive Notes outside of the United States, (x) a
certification that such Definitive Notes are being transferred in accordance with applicable securities laws and (y) if the Issuer so requests, an Opinion of Counsel or other evidence reasonably satisfactory to it as to the compliance with
applicable securities laws. 
 (b) Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note. A
Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a written instrument of
transfer in form reasonably satisfactory to the Issuer and the Registrar, together with: 
 (i) (A) certification (in
the form set forth on the reverse side of the Initial Note) that such Definitive Note is being transferred (1) to a QIB in accordance with Rule 144A, (2) to an IAI that has furnished to the Trustee a signed letter substantially in the
form of Exhibit B or (3) outside the United States of America in an offshore transaction within the meaning of Regulation S and in compliance with Rule 904 under the Securities Act; or (B) such other certification
and Opinion of Counsel as the Trustee shall require; and 
 (ii) written instructions directing the Trustee to make, or to
direct the Custodian to make, an adjustment on its books and records with respect to such Global Note to reflect an increase in the aggregate principal amount of the Notes represented by the Global Note, such instructions to contain information
regarding the Depositary account to be credited with such increase, then the Trustee shall cancel such Definitive Note and cause, or direct the Custodian to cause, in accordance with the standing instructions and procedures existing between the
Depositary and the Custodian, the aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal amount of the Definitive Note to be exchanged and shall credit or cause to be credited to the account of
the Person specified in such instructions a beneficial interest in the Global Note equal to the principal amount of the Definitive Note so canceled. If no Global Notes are then outstanding and the Global Note has not been previously exchanged for
certificated securities pursuant to Section 2.4, the Issuer shall issue and the Trustee shall authenticate, upon written order of the Issuer in the form of an Officers’ Certificate, a new Global Note in the appropriate principal amount.

 (c) Transfer and Exchange of Global Notes. (i) The transfer and exchange of Global Notes or beneficial interests therein shall
be effected through the Depositary, in accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global Note
shall deliver a written order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a 

  
 5 

 
beneficial interest in such Global Note or another Global Note and such account shall be credited in accordance with such order with a beneficial interest in the applicable Global Note and the
account of the Person making the transfer shall be debited by an amount equal to the beneficial interest in the Global Note being transferred. Transfers by an owner of a beneficial interest in the Rule 144A Global Note or the IAI Global Note to a
transferee who takes delivery of such interest through the Regulation S Global Note, whether before or after the expiration of the Distribution Compliance Period, shall be made only upon receipt by the Trustee of a certification in the form provided
on the reverse of the Initial Notes from the transferor to the effect that such transfer is being made in accordance with Regulation S or (if available) Rule 144 under the Securities Act and that, if such transfer is being made prior to the
expiration of the Distribution Compliance Period, the interest transferred shall be held immediately thereafter through Euroclear or Clearstream. In the case of a transfer of a beneficial interest in either the Regulation S Global Note or the
Rule 144A Global Note for an interest in the IAI Global Note, the transferee must furnish a signed letter substantially in the form of Exhibit B to the Trustee. 

(ii) If the proposed transfer is a transfer of a beneficial interest in one Global Note to a beneficial interest in another
Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an amount equal to the principal amount of the interest to be so
transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being transferred. 

(iii) Notwithstanding any other provisions of this Appendix A (other than the provisions set forth in Section 2.4),
a Global Note may not be transferred as a whole except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor
Depositary or a nominee of such successor Depositary. 
 (d) Restrictions on Transfer of Regulation S Global Note.
(i) Prior to the expiration of the Distribution Compliance Period, interests in the Regulation S Global Note may only be held through Euroclear or Clearstream. During the Distribution Compliance Period, beneficial ownership interests in
the Regulation S Global Note may only be sold, pledged or transferred through Euroclear or Clearstream in accordance with the Applicable Procedures and only (1) to the Issuer, (2) so long as such security is eligible for resale pursuant to
Rule 144A, to a person whom the selling holder reasonably believes is a QIB that purchases for its own account or for the account of a QIB to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A,
(3) in an offshore transaction in accordance with Regulation S, (4) pursuant to an exemption from registration under the Securities Act provided by Rule 144 (if applicable) under the Securities Act or another available exemption,
(5) to an IAI purchasing for its own account, or for the account of such an IAI, in a minimum principal amount of Notes of $250,000 or (6) pursuant to an effective registration statement under the Securities Act, in each case in accordance
with any applicable securities laws of any state of the United States of America. Prior to the expiration of the Distribution Compliance Period, transfers by an owner of a beneficial interest in the Regulation S Global Note to a transferee who takes
delivery of such interest through the Rule 144A Global Note or the IAI Global Note shall be made only in 

  
 6 

 
accordance with Applicable Procedures and upon receipt by the Trustee of a written certification from the transferor of the beneficial interest in the form provided on the reverse of the Initial
Note to the effect that such transfer is being made to (1) a QIB within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A or (2) an IAI purchasing for its own account, or for the account of such an IAI, in a
minimum principal amount of the Notes of $250,000. Such written certification shall no longer be required after the expiration of the Distribution Compliance Period. In the case of a transfer of a beneficial interest in the Regulation S Global
Note for an interest in the IAI Global Note, the transferee must furnish a signed letter substantially in the form of Exhibit B to the Trustee. 

(ii) Upon the expiration of the Distribution Compliance Period, beneficial ownership interests in the Regulation S Global Note
shall be transferable in accordance with applicable law and the other terms of this Indenture. 
 (e) Automatic Exchange of Beneficial
Interests in a Global Note that is a Transfer Restricted Note for Beneficial Interests in an Unrestricted Global Note. Upon the Issuer’s satisfaction that the Restricted Notes Legend shall no longer be required in order to maintain
compliance with the Securities Act, beneficial interests in a Global Note that is a Transfer Restricted Note may be automatically exchanged into beneficial interests in an Unrestricted Global Note without any action required by or on behalf of the
Holder (the “Automatic Exchange”) at any time on or after the date that is the six months after (1) with respect to any Note issued on the Issue Date, the later of (x) the Issue Date and (y) the last date on which the
Issuer or any Affiliate of the Issuer was the owner of such Note or (2) with respect to any Additional Note, if any, the later of (x) the issue date of such Additional Note and (y) the last date on which the Issuer or any Affiliate of
the Issuer was the owner such Note, or, in each case, if such day is not a Business Day, on the next succeeding Business Day (the “Automatic Exchange Date”). Upon the Issuer’s satisfaction that the Restricted Notes Legend shall
no longer be required in order to maintain compliance with the Securities Act, the Issuer may (A) provide written notice to the Trustee at least 10 calendar days prior to the Automatic Exchange, instructing the Trustee to direct the Depositary
to exchange all of the outstanding beneficial interests in a particular Global Note that is a Transfer Restricted Note to the Unrestricted Global Note, which the Issuer shall have previously otherwise made eligible for exchange with the DTC,
(B) provide prior written notice (the “Automatic Exchange Notice”) to each Holder at such Holder’s address appearing in the register of Holders at least 10 calendar days prior to the Automatic Exchange (the
“Automatic Exchange Notice Date”), which notice must include (I) the Automatic Exchange Date, (II) the section of this Indenture pursuant to which the Automatic Exchange shall occur, (III) the “CUSIP” number
of the Global Note that is a Transfer Restricted Note from which such Holder’s beneficial interests will be transferred and the (IV) “CUSIP” number of the Unrestricted Global Note into which such Holder’s beneficial
interests will be transferred, and (C) on or prior to the date of the Automatic Exchange, deliver to the Trustee for authentication one or more Unrestricted Global Notes, duly executed by the Issuer, in an aggregate principal amount equal to
the aggregate principal amount of Global Notes that are Transfer Restricted Notes to be exchanged. At the Issuer’s request on no less than 5 calendar days’ notice, the Trustee shall deliver, in the Issuer’s name and at its expense,
the Automatic Exchange Notice to each Holder at such Holder’s address appearing in the register of Holders. Notwithstanding anything to the contrary in this Section 2.3, during the 10 day period between the Automatic Exchange Notice Date
and the Automatic Exchange Date, no transfers or 

  
 7 

 
exchanges other than pursuant to this Section 2.3(e) shall be permitted without the prior written consent of the Issuer. As a condition to any Automatic Exchange, the Issuer shall provide,
and the Trustee shall be entitled to rely upon, an Officers’ Certificate in form reasonably acceptable to the Trustee to the effect that the Automatic Exchange shall be effected in compliance with the Securities Act and that the restrictions on
transfer contained herein and in the Restricted Notes Legend shall no longer be required in order to maintain compliance with the Securities Act and that the aggregate principal amount of the particular Global Note that is a Transfer Restricted Note
is to be transferred to the particular Unrestricted Global Note by adjustment made on the records of the Trustee, as custodian for the Depositary to reflect the Automatic Exchange. Upon such exchange of beneficial interests pursuant to this
Section 2.3(e), the aggregate principal amount of the Global Notes shall be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, to reflect the relevant increase or decrease in the principal
amount of such Global Note resulting from the applicable exchange. The Global Note that is a Transfer Restricted Note from which beneficial interests are transferred pursuant to an Automatic Exchange shall be canceled following the Automatic
Exchange. 
 (f) Legends. 

(i) Except as permitted by the following paragraphs (ii), (iii) or (iv), each Note certificate evidencing the Global Notes
(other than an Unrestricted Global Note) and the Definitive Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form (each defined term in the legend being defined as such
for purposes of the legend only) (“Restricted Notes Legend”): 
 “THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE FOLLOWING
SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER: 
 (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL
BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A “QIB”)[,][ OR] (B) IT IS NOT A U.S. PERSON, IS NOT ACQUIRING THIS SECURITY FOR THE ACCOUNT OR FOR THE BENEFIT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFF-SHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT[ OR (C) IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501 UNDER THE SECURITIES ACT THAT IS NOT
A QIB], 
 (2) AGREES THAT IT WILL NOT, WITHIN THE TIME PERIOD REFERRED TO UNDER RULE 144(d)(1) UNDER THE SECURITIES ACT AS IN EFFECT ON THE DATE OF THE
TRANSFER OF THIS SECURITY RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) TO A PERSON WHOM THE HOLDER REASONABLY BELIEVES IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A
QIB, IN COMPLIANCE WITH RULE 

  
 8 

 
144A UNDER THE SECURITIES ACT OR AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT INCLUDING PROVIDED BY RULE 144 (IF AVAILABLE), (C) OUTSIDE THE UNITED STATES IN AN
OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 903 OR RULE 904 UNDER THE SECURITIES ACT, (D) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE AND PROVIDED THAT PRIOR TO SUCH TRANSFER, THE
COMPANY AND THE TRUSTEE ARE FURNISHED WITH AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT) OR (E) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND, IN EACH
CASE, IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, AND 
 (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY OR AN INTEREST HEREIN
IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE (2)(D) OR (2)(E) ABOVE) A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. 
 IN CONNECTION WITH
ANY TRANSFER OF THIS SECURITY OR ANY INTEREST HEREIN WITHIN THE TIME PERIOD REFERRED TO ABOVE, THE HOLDER MUST CERTIFY TO THE TRUSTEE THE MANNER OF SUCH TRANSFER. AS USED HEREIN THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES”
AND “U.S. PERSON” HAVE THE MEANING GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT.” 
 Each Note issued with original
issue discount will also bear the following additional legend (“OID Notes Legend”): 
 “THIS NOTE HAS BEEN ISSUED WITH
“ORIGINAL ISSUE DISCOUNT” (WITHIN THE MEANING OF SECTION 1272 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UPON WRITTEN REQUEST, THE ISSUER WILL PROMPTLY MAKE AVAILABLE TO ANY HOLDER OF THIS NOTE THE FOLLOWING INFORMATION:
(1) THE ISSUE PRICE AND DATE OF THE NOTE, (2) THE AMOUNT OF ORIGINAL ISSUE DISCOUNT ON THE NOTE AND (3) THE YIELD TO MATURITY OF THE NOTE. HOLDERS SHOULD CONTACT THE TREASURER OF THE ISSUER AT 2700 COLORADO AVENUE, SANTA MONICA,
CALIFORNIA 90404.” 
 Each Global Note shall bear the following additional legend (“Global Notes Legend”): 

“THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A
DEPOSITARY OR A NOMINEE THEREOF. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED 

  
 9 

 IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED
TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.” 
 Each Regulation S Temporary Global Note shall bear the following additional legend
(“Regulation S Temporary Global Notes Legend”): 
 “THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE,
AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR REGULATION S PERMANENT GLOBAL NOTES, ARE AS SPECIFIED IN THE INDENTURE. UPON THE EXPIRATION OF THE 40-DAY DISTRIBUTION COMPLIANCE PERIOD, THIS
REGULATION S TEMPORARY GLOBAL NOTE SHALL BE DEEMED TO BE A REGULATION S PERMANENT GLOBAL NOTE.” 
 (ii) Upon any sale or
transfer of a Transfer Restricted Note that is a Definitive Note, the Registrar shall permit the Holder thereof to exchange such Transfer Restricted Note for a Definitive Note that does not bear the legends set forth above and rescind any
restriction on the transfer of such Transfer Restricted Note if the Holder certifies in writing to the Registrar that its request for such exchange was made in reliance on Rule 144 (such certification to be in the form set forth on the reverse
of the Initial Note). 
 (iii) Upon a sale or transfer after the expiration of the Distribution Compliance Period of any
Initial Note or Additional Note acquired pursuant to Regulation S, all requirements that such Initial Note or Additional Note bear the Restricted Notes Legend shall cease to apply and the requirements requiring any such Initial Note or Additional
Note be issued in global form shall continue to apply. 
 (iv) Any Additional Notes sold in a registered offering shall not
be required to bear the Restricted Notes Legend. 
 (g) Cancellation or Adjustment of Global Note. At such time as all beneficial
interests in a Global Note have either been exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed, repurchased or canceled, such Global Note shall be returned by the Depositary to the Trustee for
cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed,
repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Custodian for such Global Note) with respect to such
Global Note, by the Trustee or the Custodian, to reflect such reduction. 

  
 10 

 (h) No Obligation of the Trustee. 

(i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a
participant in the Depositary or any other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the
delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such Notes. All notices and
communications to be given to the Holders and all payments to be made to Holders under the Notes shall be given or made only to the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of
beneficial owners in any Global Note shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the
Depositary with respect to its members, participants and any beneficial owners. 
 (ii) 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
Depositary participants, members or beneficial owners 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 2.4
Definitive Notes. 
 (a) A Global Note deposited with the Depositary or with the Trustee as Custodian pursuant to Section 2.1
shall be transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if such transfer complies with
Section 2.3 and (i) the Depositary notifies the Issuer that it is unwilling or unable to continue as a Depositary for such Global Note or if at any time the Depositary ceases to be a “clearing agency” registered under the
Exchange Act and, in each case, a successor depositary is not appointed by the Issuer within 90 days of such notice or after the Issuer becomes aware of such cessation, or (ii) the Depositary requests such an exchange at any time
that an Event of Default has occurred and is continuing or (iii) the Issuer, in its sole discretion, notifies the Trustee in writing that it elects to cause the issuance of certificated Notes under this Indenture. In addition, any
Affiliate of the Issuer or any Guarantor that is a beneficial owner of all or part of a Global Note may have such Affiliate’s beneficial interest transferred to such Affiliate in the form of a Definitive Note by providing a written request to
the Issuer and the Trustee and such Opinions of Counsel, certificates or other information as may be required by this Indenture or the Issuer or Trustee. 

  
 11 

 (b) Any Global Note that is transferable to the beneficial owners thereof pursuant to this
Section 2.4 shall be surrendered by the Depositary to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion of such Global
Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section 2.4 shall be executed, authenticated and delivered only in denominations of $2,000 and
integral multiples of $1,000 in excess thereof and registered in such names as the Depositary shall direct. Any certificated Initial Note or Additional Note in the form of a Definitive Note delivered in exchange for an interest in the Global Note
shall, except as otherwise provided by Section 2.3(f), bear the Restricted Notes Legend. 
 (c) Subject to the provisions of
Section 2.4(b), the registered Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to
take under this Indenture or the Notes. 
 (d) In the event of the occurrence of any of the events specified in Section 2.4(a)(i),
(ii) or (iii), the Issuer shall, upon the Trustee’s request, promptly make available to the Trustee a reasonable supply of Definitive Notes in fully registered form without interest coupons. 

  
 12 

 SCHEDULE 1 

INITIAL UNRESTRICTED SUBSIDIARIES 
 Ambitions
Productions, Inc. 
 Annex Productions, Inc. 
 Barb and Star
Productions, Inc. (f/k/a ANX Productions, Inc.) 
 Bon Appetit Productions, Inc. 

Borderlands Productions, LLC 
 Brendita’s Films, LLC 

Christie Love Productions, Inc. 
 Cornfield Productions, LLC 

Coupon Productions Canada Inc. 
 Coupon Productions, Inc. (f/k/a
CATX Action1 12 Productions, Inc.) 
 Dare Productions, Inc. (f/k/a SPNBK Productions, Inc. (f/k/a CATX DMail 12 Productions, Inc.)) 

DWP Productions, Inc. 
 Eternal Acquisitions Corp. 

Ghost Productions, Inc. 
 GLC New Enterprise Licensing, LLC 

Go For Broke Productions, Inc. 
 IFE Finance GP Inc. 

Journal Productions, Inc. 
 JW2 Productions NY, LLC 

JW4 Productions, Inc. 
 Kanan Productions, Inc. 

Lady Prison Productions, Inc. 
 Landscape Interactive Web Design
Inc. 
 Landscape Television Inc. 
 LG Films Finance I, LLC 

LG Nextpoint Merger Corp. 
 LG Play India Holdco, LLC 

LG Productions Canada, ULC 
 LG Receivables Funding, LLC 

LG TCM Holdings, LLC 
 LG TCM LLC 

LG UK Film Ventures LLC 
 LGTV Set Up 5 Productions, Inc. 

Lions Gate Films Licensing LLC 
 Lions Gate Finance, LP 

Lions Gate Play LLP 
 Lions Gate Tennessee, Inc. 

Lions Gate X-US Productions, LLC 

Lionsgate Channels 2, Inc. 
 Lionsgate Channels, Inc. 

  
 Sch. 1-1 

 Long Night Productions, LLC (f/k/a DWH2 Productions, LLC) 

Love It NY Productions, Inc. 
 Mandate Development II, LLC 

Mandate Development, LLC 
 Mandate Holdings, LLC 

Mandate Music Publishing, LLC 
 Margaret Productions ULC 

Margaret Productions, Inc. (f/k/a CATX Reawakening 12 Productions, Inc.) 

Massive Talent Productions, Inc. 
 Moviesphere, LLC (f/k/a Tribeca
Short List, LLC) 
 Mucho Movies, Inc. 
 Music City Productions,
Inc. 
 P Squared Films, LLC 
 P Squared Productions, LLC 

PantaYa, LLC 
 Pantelion 2.0, LLC 

Pantelion Films 2, LLC 
 Preach Productions, Inc. 

Sample Productions Canada Inc. 
 Seashore GER 3, Inc. 

Shotgun Production Services, Inc. 
 Shotgun Wedding Productions,
Inc. 
 Shotgun Wedding Productions, LLC 
 Spoken Productions,
Inc. 
 Starz Family Productions, LLC 
 Starz Heels Productions,
LLC 
 Starz P Town Productions, LLC 
 Starz Power Productions,
LLC 
 Starz Sweetbitter Productions, LLC 
 Starz Valley
Productions, LLC 
 StarzPlay Canada GP, Inc. 
 StarzPlay
Canada, LP 
 StarzPlay Direct UK, Limited 
 StarzPlay Direct
US, LLC 
 StarzPlay Management US, LLC 
 StarzPlay UK, Limited

 StarzPlay US, LLC 
 Summit Entertainment Limited 

Summit Entertainment N.V. 
 VT1 Productions, Inc. 

White Bird Productions, Inc. 
 World Productions, Inc. 

Zoey Holdco, LLC 
 Zoey Productions ULC (f/k/a Zoey Productions
Corp. (f/k/a 1195462 B.C. Ltd.)) 

  
 Sch. 1-2 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [Insert
the Restricted Notes Legend, if applicable, pursuant to the provisions of the Indenture] 
 [Insert the Global Notes Legend, if applicable,
pursuant to the provisions of the Indenture] 
 [Insert the OID Notes Legend, if applicable, pursuant to the provisions of the Indenture]

 [Insert the Regulation S Temporary Global Notes Legend, if applicable, pursuant to the provisions of the Indenture] 

  
 A-1 

 CUSIP
[                     ] 
 ISIN
[                     ]1 

[RULE 144A][REGULATION S][IAI] NOTE 

5.500% Senior Notes due 2029 
  

			
	 No. ___
	  	 Up to [$______________]

 LIONS GATE CAPITAL HOLDINGS LLC 

promises to pay to CEDE & CO. or registered assigns, the principal sum [set forth on the Schedule of Exchanges of Interests in the Global Note
attached hereto] [of ________________________ U.S. Dollars] on April 15, 2029. 
 Interest Payment Dates: April 15 and October 15 of each
year, commencing October 15, 2021 
 Record Dates: April 1 and October 1 

 

	1	 Rule 144A Note CUSIP: 53627N AE1 

Rule 144A Note ISIN: US53627NAE13 

Regulation S Note CUSIP: U53644 AC1 

Regulation S Note ISIN: USU53644AC18 

IAI Note CUSIP: 53627N AF8 
 IAI
Note ISIN: US53627NAF87 

  
 A-2 

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

Dated: [__________] [__], 20[__] 
  

			
	LIONS GATE CAPITAL HOLDINGS LLC
		
	By:	 	              

		 	Name:
		 	Title:

  
 A-3 

 This is one of the Notes referred to in the within-mentioned Indenture: 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	              

		 	Name:
		 	Title:

  
 A-4 

 [Back of Note] 

5.500% Senior Notes due 2029 

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

1. INTEREST. The Issuer promises to pay interest on the principal amount of this Note at 5.500% per annum from and including April 1, 2021
to, but not including, maturity. The Issuer shall pay interest semi-annually in arrears on April 15 and October 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest
Payment Date”). Interest on the Notes shall accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from and including April 1, 2021; provided that the first Interest
Payment Date shall be October 15, 2021. The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the interest rate on
the Notes; 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 periods) from time to time on demand at the interest rate on
the Notes. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. For purposes of the Interest Act (Canada), the rate of
interest payable under the Notes, when expressed as an annual rate of interest, is equivalent to (x) the applicable rate payable based on a year of 360 days, (y) multiplied by the actual number of days in the calendar year in which the
period for which such interest is payable (or compounded) ends, and (z) divided by 360. 
 2. METHOD OF PAYMENT. The Issuer shall pay
interest on the Notes to the Persons who are registered holders of Notes at the close of business on April 1 or October 1 (whether or not a Business Day), as the case may be, next preceding the Interest Payment Date, even if such Notes are
canceled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. Principal of and premium, if any, and interest on the Notes shall be payable at
the office or agency of the Issuer maintained for such purpose or, at the option of the Issuer, payment of interest may be made by check mailed to the Holders at their respective 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 and interest and premium on, all Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions to the
Issuer or 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. 

3. PAYING AGENT AND REGISTRAR. Initially, Deutsche Bank Trust Company Americas, the Trustee under the Indenture, shall act as Paying Agent and
Registrar. The Issuer may change any Paying Agent or Registrar without notice to the Holders. LGEC or any of the Restricted Subsidiaries may act in any such capacity. 

  
 A-5 

 4. INDENTURE. The Issuer issued the Notes under an Indenture, dated as of April 1, 2021
(the “Indenture”), among Lions Gate Capital Holdings LLC, a Delaware corporation, the Guarantors named therein and the Trustee. This Note is one of a duly authorized issue of notes of the Issuer designated as its 5.500% Senior Notes
due 2029. The Issuer shall be entitled to issue Additional Notes pursuant to Sections 2.01 and 4.09 of the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the
Indenture shall govern and be controlling. 
 5. REDEMPTION AND REPURCHASE. 

The Notes are subject to optional redemption, and may be the subject of an Offer to Purchase, as further described in the Indenture. The Issuer
shall not be required to make mandatory redemption payments or sinking fund payments with respect to the Notes. 
 6. DENOMINATIONS,
TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The
Registrar and the Trustee may require a Holder to, among other things, furnish appropriate endorsements and transfer documents, and Holders shall be required to pay any transfer tax or other governmental taxes and fees required by law or permitted
by the Indenture. The Issuer need not exchange or register the transfer or exchange of any Note selected for redemption in whole or in part except for the unredeemed portion of any Note being redeemed in part. Also, the Issuer need not exchange or
register the transfer of any Notes for a period beginning at the opening of business 15 days before the day of any selection of Notes to be redeemed. 

7. PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes. 

8. AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture, the Notes Guarantees or the Notes may be amended or supplemented as provided in the
Indenture. 
 9. DEFAULTS AND REMEDIES. The Events of Default relating to the Notes are defined in Section 6.01 of the Indenture. Upon
the occurrence of an Event of Default, the rights and obligations of the Issuer, the Guarantors, the Trustee and the Holders shall be as set forth in the Indenture. 

10. AUTHENTICATION. This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until
authenticated by the electronic or manual signature of the Trustee. 
 11. GOVERNING LAW. THE INDENTURE, THE NOTES AND ANY NOTES GUARANTEE
WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 12. CUSIP NUMBERS AND ISINs. Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers and ISINs to be printed on the Notes, and the Trustee may use CUSIP numbers and ISINs in notices of redemption as a
convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

  
 A-6 

 The Issuer shall furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to the Issuer at the following address: 
 c/o Lions Gate Entertainment Inc. 

2700 Colorado Avenue 
 Santa Monica,
California 90404 
 Fax No.: (310) 255-3801 

Attention: James W. Barge, Chief Financial Officer 

  
 A-7 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:
                                        
                                         
                                         
                              
		  	(Insert assignee’s legal
name)                                

  
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                                        
                                         
                                         
                       to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 

Date: _____________________ 
  

					
		 	 Your Signature:
	 	  

		 		 	 (Sign exactly as your name appears on the face of this Note)

 Signature Guarantee*: __________________________________ 

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

  
 A-8 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFER RESTRICTED NOTES 
 This
certificate relates to $_________ principal amount of Notes held in (check applicable space) ____ book-entry or _____ definitive form by the undersigned. 

The undersigned (check one box below): 
  

	☐	 has requested the Trustee by written order 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
the Indenture; or 

  

	☐	 has requested the Trustee by written order to exchange or register the transfer of a Note or Notes.

 In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the holding
period referred to in Rule 144 under the Securities Act, the undersigned confirms that such Notes are being transferred in accordance with its terms: 

CHECK ONE BOX BELOW 
  

					
	(1)	  	☐	  	to the Issuer or subsidiary thereof; or
			
	(2)	  	☐	  	to the Registrar for registration in the name of the Holder, without transfer; or
			
	(3)	  	☐	  	pursuant to an effective registration statement under the Securities Act of 1933; or
			
	(4)	  	☐	  	inside the United States of America to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) 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, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933; or
			
	(5)	  	☐	  	outside the United States of America in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933; or
			
	(6)	  	☐	  	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933) that has furnished to the Trustee a signed letter containing certain representations and
agreements; or
			
	(7)	  	☐	  	pursuant to another available exemption from registration under the Securities Act of 1933.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by
this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (5), (6) or (7) is checked, the Trustee may require, prior to registering any such transfer of the Notes,
such legal opinions, certifications and other information as the Issuer has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act of 1933. 

  
 A-9 

			
		 	  

Your Signature

  

			
	Signature Guarantee:	  	
		
	Date: ___________________	  	  

	 Signature must be guaranteed

by a participant in a

recognized signature guaranty

medallion program or other

signature guarantor acceptable

to the Trustee
	  	 Signature of Signature
 Guarantor

 TO BE COMPLETED BY PURCHASER IF (4) 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, and is aware that the sale to it is being made in reliance on
Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is
relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

			
	Dated: ___________________	  	  

		  	 NOTICE: To be executed by
 an executive
officer

  
 A-10 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.10 or 4.14 of the Indenture, check the appropriate
box below: 
  

			
	[    ] Section 4.10        	  	[    ] Section 4.14

 If you want to elect to have only part of this Note purchased by the Issuer pursuant to Section 4.10 or
Section 4.14 of the Indenture, state the amount you elect to have purchased: 
  

					
	$_______________	  	
			
	Date: _____________________	  		  	
			
		  	Your Signature:	  	  

		  		  	(Sign exactly as your name appears on the face of this Note)
			
		  	Tax Identification No.:	  	  

	
	Signature Guarantee*: _______________________________________________________

  

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

  
 A-11 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is $__________. The following exchanges of a part of this Global Note for an
interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of

Exchange
	  	 Amount of

decrease
 in Principal

Amount
	  	 Amount of increase

in Principal
 Amount of this

Global Note
	  	 Principal Amount

of
 this Global Note

following such
 decrease or

increase
	  	 Signature of

authorized
 officer

of Trustee or

Custodian

  

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

  
 A-12 

 EXHIBIT B 

FORM OF 
 TRANSFEREE LETTER OF
REPRESENTATION 
 Lions Gate Capital Holdings LLC 
 c/o Lions
Gate Entertainment Inc. 
 2700 Colorado Avenue 
 Santa Monica,
California 90404 
 Fax No.: (310) 255-3801 

Attention: James W. Barge, Chief Financial Officer and Treasurer 

Deutsche Bank Trust Company Americas 
 Trust & Agency
Services 
 60 Wall Street, 16th Floor 
 Mail Stop: NYC60-1630

 New York, New York 10005 
 Fax No.: (732) 578-4635 
 Attention: Corporates Team Deal Manager – Lions Gate Capital Holdings LLC 

Ladies and Gentlemen: 
 This certificate is
delivered to request a transfer of $[ ] principal amount of the 5.500% Senior Notes due 2029 (the “Notes”) issued pursuant to that certain Indenture, dated as of April 1, 2021, by and among Lions Gate Capital Holdings LLC, the
Guarantors named therein and Deutsche Bank Trust Company Americas, as trustee (as amended, supplemented or otherwise modified, the “Indenture”). 

Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 

 

	
	 Name:________________________

	
	 Address:______________________

	
	 Taxpayer ID Number:____________

 The undersigned represents and warrants to you that: 

1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of
1933, as amended (the “Securities Act”)), purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal amount of the Notes, and we are acquiring the Notes not
with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our
investment in the Notes, and we invest in or purchase securities similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its investment. 

  
 B-1 

 2. We understand that the Notes have not been registered under the Securities Act and,
unless so registered, may not be sold except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date
that is one year after the later of the date of original issue and the last date on which the Issuer (as defined in the Indenture) or any affiliate of the Issuer was the owner of such Notes (or any predecessor thereto) (the “Resale
Restriction Termination Date”) only (a) to the Issuer, (b) pursuant to a registration statement that has been declared effective under the Securities Act, (c) in a transaction complying with the requirements of Rule 144A
under the Securities Act (“Rule 144A”), to a person we reasonably believe is a qualified institutional buyer under Rule 144A (a “QIB”) that is purchasing for its own account or for the
account of a QIB and to whom notice is given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers and sales that occur outside the United States of America within the meaning of Regulation S under the Securities Act,
(e) to an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is purchasing for its own account or for the account of such an institutional “accredited
investor,” in each case in a minimum principal amount of Notes of $250,000, or (f) pursuant to any other available exemption from the registration requirements of the Securities Act, subject in each of the foregoing cases to any
requirement of law that the disposition of our property or the property of such investor account or accounts be at all times within our or their control and in compliance with any applicable state securities laws. The foregoing restrictions on
resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause (e) above prior to the Resale Restriction Termination Date, the transferor shall
deliver a letter from the transferee substantially in the form of this letter to the Issuer and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” within the meaning of
Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Issuer and the Trustee
reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes pursuant to clause (c), (d), (e) or (f) above to require the delivery of an opinion of counsel, certifications or
other information satisfactory to the Issuer and the Trustee. 
  

			
		 	 TRANSFEREE:_________________,

		
		 	 by:___________________________

  
 B-2 

 FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY SUBSEQUENT GUARANTORS 

Supplemental Indenture (this “Supplemental Indenture”), dated as of [__________] [__], 20[__], among __________________ (the
“Guaranteeing Subsidiary”), a subsidiary of Lions Gate Entertainment Corp., a corporation organized under the laws of the Province of British Columbia, Canada (the “Company”), and Deutsche Bank Trust Company
Americas, as trustee (the “Trustee”). 
 W I T N E S S E T H 

WHEREAS, each of Lions Gate Capital Holdings LLC, the Company and the Guarantors (as defined in the Indenture referred to below) has
heretofore executed and delivered to the Trustee an indenture, dated as of April 1, 2021 (the “Indenture”), providing for the issuance of 5.500% Senior Notes due 2029 (the “Notes”), initially in the aggregate
principal amount of $1,000,000,000; 
 WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall
execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth
herein and under the Indenture; and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the
receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. The
words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular Section hereof. 

2. Guarantor. The Guaranteeing Subsidiary hereby agrees to be a Guarantor under the Indenture and to be bound by the terms of the
Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof. 
 3. Governing Law. THIS SUPPLEMENTAL
INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 4. Counterparts. The parties may
sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Supplemental Indenture. Notwithstanding the foregoing,
the exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the
original Supplemental Indenture and signature pages for all purposes. 

 5. Headings. The headings of the Sections of this Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

6. Trustee Makes No Representation. The Trustee accepts the amendments of the Indenture effected by this Supplemental Indenture on
the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee shall not be
responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuer and the Guarantors, or for or with respect to (i) the validity or
sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuer and the each Guarantor, in each case, by action or otherwise, (iii) the due execution hereof by the
Issuer and the Guarantors or (iv) the consequences of any amendment herein provided for, and the Trustee makes no representation with respect to any such matters. 

  
 E-2 

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

			
	[NAME OF GUARANTEEING SUBSIDIARY]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 E-3Exhibit 10.1

 

 

EXECUTION COPY

 

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

This EXECUTIVE EMPLOYMENT AGREEMENT
(the “Agreement”) between Eloxx Pharmaceuticals, Inc. (the “Company”), and Sumit Aggarwal (the “Executive”)
is dated as of April 1, 2021 and shall become effective on the date hereof (the “Effective Date”).

 

W I T N E S S E T H:

 

WHEREAS, the Executive wishes
to be employed by the Company and to provide employment services to the Company in return for certain compensation and benefits and subject
to the terms and conditions as hereinafter set forth;

 

NOW THEREFORE, in consideration
of the foregoing, of the mutual promises contained herein and of other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1.             
EMPLOYMENT TERM. The Company hereby offers to employ the Executive, and the Executive hereby accepts employment by
the Company, upon the terms and conditions set forth in this Agreement, during the period commencing on the Effective Date and ending
on the date of the termination of the Executive’s employment in accordance with Section 7 below (the “Employment Term”).
The Executive shall be employed at will, meaning that either the Company or the Executive may terminate this Agreement and the Executive’s
employment at any time, for any reason or no reason, with or without cause, subject to the terms of this Agreement.

 

2.             
POSITION & DUTIES.

 

(a)           
Except as provided in Section 2(b) below, the Executive shall serve as the President and Chief Executive Officer (CEO) and, upon
the Effective Date, shall be appointed as a member of the Board of Directors (the “Board”) of the Company and its subsidiary,
Eloxx Pharmaceuticals, Ltd. during the Employment Term. During the Employment Term, the Executive shall continue to be nominated by the
Board (or a Committee thereof) for re-election as a member of the Board at the expiration of the then-current term, and shall serve as
a member of the Board without additional compensation. As CEO, the Executive shall have such duties, authorities and responsibilities
as are commensurate with the position of CEO and such other duties and responsibilities as the Board shall designate that are consistent
with the Executive’s position as Chief Executive Officer. The Executive agrees to serve, if requested, without additional compensation,
as an officer or director of any of the Company’s subsidiaries.

 

(b)          
During the Employment Term, the Executive agrees to devote his full business time, attention and energies to the performance of
all of the lawful duties, responsibilities and authority that may be assigned to him hereunder. Nothing contained in this Agreement will
preclude the Executive from (i) devoting time to personal and family investments, (ii) serving as a director of any not-for-profit company,
(iii) serving as a director for any for-profit company that is approved by the Board (such approval not to be unreasonably withheld) or
(iv) from participating in charitable or industry associations, in each case, provided that such activities or services do not
(x) materially interfere with the Executive’s performance of duties hereunder or (y) violate the terms of the Confidentiality Agreement
(as defined below).

    	 	1	 

     

    

(c)           
During the Employment Term, the Executive’s principal place of employment shall be the Company’s offices in Watertown,
Massachusetts, subject to customary business travel consistent with the Executive’s duties and responsibilities.

 

3.             
BASE SALARY. The Company agrees to pay the Executive a base salary (the “Base Salary”) at an annual
rate of US$ 530,000. The Base Salary will be payable bimonthly in accordance with the regular payroll practices of the Company. The Executive’s
Base Salary shall be subject to review by the Board (or a Committee thereof) at least annually and may be increased, but not decreased,
from time to time by the Board. The base salary as determined herein from time to time shall constitute “Base Salary” for
purposes of this Agreement.

 

4.             
ANNUAL BONUS; STRETCH BONUS. With respect to each full calendar year during the Employment Term, the Executive shall
be eligible to earn (a) an annual, performance-based bonus (an “Annual Bonus”) with a target bonus value equal to fifty
percent (50%) of the Executive’s Base Salary (the “Target Bonus”) which shall be earned if at all based upon
the achievement of performance targets established by the Board (or a committee thereof), in consultation with the Executive, within the
first 90 days of each calendar year during the Employment Term (provided that, notwithstanding the foregoing, Executive acknowledges and
agrees that the performance targets applicable to the Annual Bonus for the 2021 calendar year were established prior to the Effective
Date), and (b) an annual stretch bonus, with a stretch bonus opportunity of fifty percent (50%) of the Executive’s Base Salary,
which shall be earned if at all based upon the determination by the Board (or a committee thereof) of performance by the Executive and/or
the Company for such calendar year, and/or such other factors as determined by the Board (or a committee thereof) in its sole discretion
(the “Stretch Bonus”), with the actual amount of the Annual Bonus or Stretch Bonus for a particular year determined
by the Board (or a committee thereof) in its sole discretion. The Board (or a committee thereof) shall consider the Executive’s
and the Company’s performance in the entire 2021 calendar year without regard to the Effective Date when determining the Executive’s
Annual Bonus and Stretch Bonus for the 2021 calendar year and neither such bonus shall be subject to pro-ration in the 2021 calendar year.
Subject to Section 8 below, and except for the 2021 calendar year, in order to be eligible for an Annual Bonus or Stretch Bonus, the Executive
must remain employed for the entire calendar year to which the Annual Bonus or Stretch Bonus relates (for the avoidance of doubt, for
the 2021 calendar year, the Executive must remain employed from the Effective Date through December 31, 2021 in order to be eligible for
an Annual Bonus or Stretch Bonus). Any Annual Bonus or Stretch Bonus earned by the Executive will be paid no later than March 15
of the calendar year immediately following the calendar year in which the Annual Bonus or Stretch Bonus is being measured. The Executive’s
Target Bonus shall be subject to review by the Board (or a committee thereof) at least annually and may be increased, but not decreased,
from time to time by the Board.

 

5.             
EQUITY COMPENSATION. The Company will grant to the Executive on the date hereof (the “Grant Date”)
equity compensation awards under the 2018 Equity Incentive Plan (as amended, the “Plan”) for shares of the Company’s
common stock (“Common Stock”) as follows:

    	 	2	 

     

    

(a)           
TIME-VESTING AWARDS. (i) A stock option to purchase 1,423,238 shares of Common Stock (the “Option Award”)
on the Grant Date will vest and become exercisable or payable, respectively, with respect to 1/4 of the shares on the first anniversary
of the Grant Date and with respect to an additional 1/12 of the shares on each quarterly anniversary of the Grant Date thereafter, subject
to the Executive’s continued employment with the Company through each such date and with the other terms contained in the form of
award attached hereto as Appendix B and (ii) restricted stock units representing 55,854 Common Stock (A) to vest in a single installment
on December 1, 2021, subject to the Executive’s continued service through such date and full accelerated vesting upon an earlier
termination of Executive’s employment without Cause, by the Executive for Good Reason or as a result of the Executive’s death
or Disability, (B) providing that the Executive shall establish a Rule 10b5-1 Plan as soon as practicable following the Effective Date
in order to satisfy the federal, state, or local tax withholding obligations upon settlement of the restricted stock units by directing
a broker to sell shares of Common Stock issuable upon settlement of the restricted stock units; provided that if the Executive
is not permitted to establish a Rule 10b5-1 Plan prior to November 15, 2021 and is prohibited from trading in the Company’s securities
under a Company policy or applicable law on the settlement date of the restricted stock units, then the Executive shall have the right
to elect to have the Company withhold shares otherwise issuable upon settlement of the restricted stock units in satisfaction of the applicable
tax withholdings in accordance with Section 8(h)(ii) of the Plan and (C) with the other terms and conditions contained in the form of
award attached hereto as Appendix C. The vesting of any such awards, shall accelerate and such awards shall become fully vested
and exercisable or payable, respectively, immediately prior to a Corporate Transaction (as defined in the 2018 Equity Incentive Plan).
In the event of the first equity financing that (I) results in proceeds for the Company of at least $20,000,000, and (II) results in dilution
to the percentage of the Common Stock represented by the Option Award, determined on a fully diluted and, as applicable, a fully converted
basis (a “Qualifying Financing”), the Company will, within five days following the consummation of such Qualifying
Financing, grant to Executive additional options to purchase Common Stock under the Plan (the “Additional Options”)
such that the percentage of shares of Common Stock covered by the Option Award and the Additional Options, taken together, immediately
following the consummation of the Qualifying Financing, determined on a fully diluted and, as applicable, a fully converted basis, equals
the percentage of shares of Common Stock covered by the Option Award immediately prior to the consummation of the Qualifying Financing,
in each case determined on a fully-diluted basis. The Additional Options shall have terms consistent with the Option Award (except for
the exercise price, which will be the fair market value on the date of grant).

 

(b)       ANNUAL
AWARDS. Each year, the Executive will be eligible for annual awards of stock options and or restricted stock units as determined by
the Board. Nothing herein shall be construed as an obligation to grant such awards, which shall be subject to the sole discretion of the
Board. The vesting of any such awards, shall accelerate and such awards shall become fully vested and exercisable or payable, respectively,
immediately prior to a Corporate Transaction (as defined in the 2018 Equity Incentive Plan).

 

(c)       TAX
WITHHOLDING. At Executive’s request, the Company will withhold from the shares of Common Stock otherwise payable to Executive
with respect to vested portions of the equity awards the number of whole shares of Common Stock required to satisfy the applicable tax
withholding obligation, the number of shares so withheld to be determined by the Company based on the fair market value of the Common
Stock on the date the Company is required to withhold.

    	 	3	 

     

    

6.             
EMPLOYEE BENEFITS.

 

(a)           
BENEFIT PLANS. The Executive shall be entitled to participate in all employee benefit plans that the Company generally makes
available to its senior executives (other than severance plans) from time to time, including any group health plans, dental plans, life,
disability and AD&D insurances, a 401(k) plan, tuition reimbursement, recreation allowance, parking or public transportation and various
types of paid time off, subject to the terms and conditions of such benefit plans.

 

(b)          
VACATION. The Executive shall be entitled to twenty-five (25) days of paid vacation per year, in accordance with the Company’s
vacation policy. Vacation may be taken at such times as the Executive elects with due regard to the needs of the Company.

 

(c)           
BUSINESS EXPENSES. The Company will reimburse the Executive for all reasonable business expenses incurred by the Executive
in connection with the discharge of his duties for the Company, subject to the Company’s expense reimbursement policy in effect
from time to time.

 

(d)          
INDEMNIFICATION. The Company shall indemnify the Executive to the maximum extent that its officers, directors and employees
are entitled to indemnification pursuant to the Company’s Certificate of Incorporation and Bylaws for any acts or omissions by reason
of being a director, officer or employee of the Company as of the Effective Date. The Company shall also execute in favor of Executive
the Company’s standard Form of Indemnification Agreement (as of the Effective Date, the Company’s standard Form of Indemnification
Agreement is files as Exhibit 10.4 of the Company’s Current Report on Form 8-K filed on December 22, 2017, SEC File No. 001-31326).
At all times during the Employment Term, the Company shall maintain in effect a comprehensive director and officers liability insurance
policy with the Executive as a covered officer and director, as applicable.

 

7.             
 TERMINATION. The Executive’s employment and the Employment Term shall terminate on the first of the following
to occur:

 

(a)           
DISABILITY. Upon the 30th day following the Executive’s receipt of notice of the Company’s intention
to terminate the Executive’s employment due to Disability (as defined in this Section 7(a)); provided that, the Executive
has not returned to full-time performance of his duties within 30 days after receipt of such notice. If the Company determines in
good faith that the Executive’s Disability has occurred during the term of this Agreement, it will give the Executive written notice
of its intention to terminate his employment.  For purposes of this Agreement, “Disability” shall mean the Executive’s
inability to substantially perform the essential duties of his job with or without reasonable accommodation on a full-time basis for 180 calendar
days during any consecutive twelve-month period or for 90 consecutive days as a result of incapacity due to mental or physical illness.

 

(b)          
DEATH. Automatically on the date of death of the Executive.

 

(c)           
CAUSE. Immediately upon written notice by the Company to the Executive of a termination for Cause. “Cause”
shall mean (i) the Executive’s commission of an act of fraud, embezzlement or theft against the Company or its subsidiaries; (ii)
the Executive’s conviction of, or a plea of no contest to, a felony; (iii) willful nonperformance by the Executive (other than by
reason of disability or illness) of his material duties as an employee of the Company, which, to the extent it is curable by the Executive,
is not cured within thirty (30) days after written notice thereof is given to the Executive by the Company; (iv) the Executive’s
material breach of this Agreement or any other material agreement between the Executive and the Company or any of its subsidiaries, including
the Confidentiality Agreement, which, to the extent it is curable by the Executive, is not cured within thirty (30) days after written
notice thereof is given to the Executive by the Company; or (v) the Executive’s gross negligence, willful misconduct or any other
act of willful disregard for the Company’s or any of its subsidiaries’ best interests, which, to the extent it is curable
by the Executive, is not cured within thirty (30) days after written notice thereof is given to the Executive by the Company.

    	 	4	 

     

    

(d)          
WITHOUT CAUSE. Upon written notice by the Company to the Executive no earlier than eighteen (18) months after the Effective
Date of an involuntary termination without Cause and other than due to death or Disability.

 

(e)           
GOOD REASON. “Good Reason” for the Executive to terminate the Executive’s employment hereunder
shall mean the occurrence of any of the following conditions during the Employment Term without the Executive’s express written
consent; provided that any resignation by the Executive due to any of the following conditions shall only be deemed for Good Reason
if: (i) the Executive gives the Company written notice of the intent to terminate for Good Reason within sixty (60) days following the
first occurrence of the condition(s) that the Executive believes constitutes Good Reason, which notice shall describe such condition(s);
(ii) the Company fails to remedy, if remediable, such condition(s) within thirty (30) days following receipt of the written notice (the
 “Cure Period”) of such condition(s) from the Executive; and (iii) the Executive actually resigns his employment within
the first thirty (30) days after expiration of the Cure Period:

 

(1)          
any material reduction by the Company of the Executive’s Base Salary or Target Bonus as initially set forth herein or as
the same may be increased from time to time;

 

(2)          
any material diminution in the Executive’s duties, title, responsibilities or authority;

 

(3)          
a requirement that the Executive report to a corporate officer or employee other than the Board;

 

(4)          
any material breach of this Agreement, including a breach of the Company’s obligations under Section 4, 5 or 11(b); or

 

(5)          
a requirement that the Executive relocate to a principal place of employment more than twenty-five (25) miles from Watertown, Massachusetts.

 

(f)           
WITHOUT GOOD REASON. The Executive shall provide two (2) weeks’ prior written notice (the “Transition Period”)
to the Company of the Executive’s intended termination of employment without Good Reason (“Voluntary Termination”).
During the Transition Period, the Executive shall assist and advise the Company in any transition of business, customers, prospects, projects
and strategic planning, and the Company shall pay the pro rata portion of the Executive’s Base Salary and benefits through the end
of the Transition Period. The Company may, in its sole discretion, upon written notice to the Executive, make such termination of employment
effective earlier than the expiration of the Transition Period (“Early Termination Right”), but it shall pay the pro
rata portion of the Executive’s Base Salary and benefits through the earlier of: the end of the Transition Period, or the date that
the Executive accepts employment or a consulting engagement from a third party.

    	 	5	 

     

    

8.             
 CONSEQUENCES OF TERMINATION. Any termination payments made and benefits provided under this Agreement to the Executive
shall be in lieu of any termination or severance payments or benefits for which the Executive may be eligible under any of the severance
plans, policies or programs of the Company or its affiliates as may be in effect from time to time, but shall be in addition to any termination
benefits available under any equity award or other vested benefits retained under any benefit plans of the Company or its affiliates.
Subject to satisfaction of each of the conditions set forth in Section 9, the following amounts and benefits shall be due to the Executive:

 

(a)           
DISABILITY. Upon employment termination due to Disability, the Company shall pay or provide the Executive: (i) any unpaid
Base Salary through the date of termination and any accrued vacation; (ii) reimbursement for any unreimbursed expenses owed to Executive;
and (iii) all other payments and benefits to which the Executive is entitled under the terms of any applicable compensation arrangement
or benefit, equity or other plan or program, including but not limited to any applicable insurance benefits, payable on the next regularly
scheduled Company payroll date following the date of termination or earlier if required by applicable law (collectively, “Accrued
Amounts”). In addition, upon the Executive’s termination due to Disability, the Company shall pay the amounts described
in Sections 8(d)(3) and 8(d)(4) to the Executive.

 

(b)          
DEATH. In the event the Employment Term ends on account of the Executive’s death, the Executive’s estate (or
to the extent a beneficiary has been designated in accordance with a program, the beneficiary under such program) shall be entitled to
any Accrued Amounts, including but not limited to proceeds from any Company sponsored life insurance programs. In addition, upon the Executive’s
death, the Company shall pay the amounts described in Sections 8(d)(3) and 8(d)(4) to the Executive’s estate.

 

(c)           
TERMINATION FOR CAUSE OR WITHOUT GOOD REASON. If the Executive’s employment should be terminated (i) by the Company
for Cause, or (ii) by the Executive without Good Reason, the Company shall pay to the Executive any Accrued Amounts only, and shall not
be obligated to make any additional payments to the Executive.

 

(d)          
TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. If the Executive’s employment by the Company is terminated by the Company
other than for Cause (and not due to Disability or death) or by the Executive for Good Reason, other than in circumstances described in
Section 8(e), then the Company shall pay or provide the Executive with the Accrued Amounts and subject to compliance with Section 9:

    	 	6	 

     

    

(1)          
the Executive’s Base Salary as in effect immediately preceding the last day of the Employment Term for a period of twelve
(12) months following the termination date (the “Salary Severance Period”) payable in a lump sum in cash promptly following
the termination date (for purposes of calculating the Executive’s severance benefits, the Executive’s Base Salary shall be
calculated based on the rate in effect prior to any material reduction in Base Salary that would give the Executive the right to resign
for Good Reason (as provided in Section 7(e)(1)));

 

(2)          
if the Executive timely elects continued coverage under COBRA for himself and his covered dependents under the Company’s
group health plans following such termination, then the Company shall pay the COBRA premiums necessary to continue the Executive’s
and his covered dependents’ health insurance coverage in effect on the termination date until the earliest of (i) twelve (12) months
following the termination date (the “COBRA Severance Period”); (ii) the date when the Executive becomes eligible for
substantially equivalent health insurance coverage in connection with new employment or self-employment; or (iii) the date the Executive
ceases to be eligible for COBRA continuation coverage for any reason, including plan termination (such period from the termination date
through the earlier of (i)-(iii), the “COBRA Payment Period”). Notwithstanding the foregoing, if at any time the Company
determines that its payment of COBRA premiums on the Executive’s behalf would result in a violation of applicable law (including
but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation
Act), then in lieu of paying COBRA premiums pursuant to this Section 8(d)(2), the Company shall pay the Executive on the last day of each
remaining month of the COBRA Payment Period, a fully taxable cash payment equal to the COBRA premium for such month, subject to applicable
tax withholding (such amount, the “Special Severance Payment”), such Special Severance Payment to be made without regard
to the Executive’s payment of COBRA premiums. Nothing in this Agreement shall deprive the Executive of his rights under COBRA or
ERISA for benefits under plans and policies arising under his employment by the Company.

 

(3)          
in the event that the Executive’s employment is terminated after December 31 of any performance year, but prior to the Annual
Bonus payment date for such performance year, the Executive shall receive: (i) the amount of the Annual Bonus as determined by the Board
in good faith for the performance year immediately prior to the year in which the Executive’s termination occurs if the Company
has not determined the amount of the Executive’s Annual Bonus as of the date of the Executive’s termination; or (ii) the amount
of the Annual Bonus as already determined by the Board in good faith for the performance year immediately prior to the year in which the
Executive’s termination occurs if the Company has already determined the amount of the Executive’s Annual Bonus as of the
date of the Executive’s termination, payable in either case as a lump sum at the same time annual bonuses are paid to the Company’s
executives generally, but no later than March 15 of the calendar year immediately following the calendar year in which the Annual Bonus
is being measured;

 

(4)          
in the event that the Executive’s employment is terminated: (i) on or before the date Annual Bonus performance goals are
established for the performance year in which the Executive’s termination occurs, the Executive shall receive a pro-rata portion
of the Executive’s Target Bonus for the performance year in which the Executive’s termination occurs, with such pro-rata portion
calculated based upon the number of days that the Executive was employed during such performance year divided by the total number of days
in such performance year; or (ii) after the date Annual Bonus performance goals are established for the performance year in which the
Executive’s termination occurs (but on or before December 31 of such performance year), the Executive shall receive a pro-rata portion
of the Executive’s Target Bonus for the performance year in which the Executive’s termination occurs, with such pro-rata portion
calculated based upon the Executive’s achievement of performance goals as determined by the Board in good faith, payable in either
case as a lump sum payment on the Company’s first ordinary payroll date occurring on or after the General Release effective date
(namely, the date it can no longer be revoked) or as soon thereafter as is reasonable practicable thereafter; and

    	 	7	 

     

    

(5)          
if such termination occurs prior to the second anniversary of the Effective Date, an additional fifty percent (50%) of the shares
subject to all stock options, restricted stock units and other equity awards which are time-based and are then held by the Executive shall
vest and become exercisable or payable, as applicable, and an additional fifty percent (50%) of the performance-based awards shall vest
based on target performance and (z) if such termination occurs on or after the second anniversary of the Effective Date, all of the shares
subject to all stock options, restricted stock units and other equity awards which are time-based and are then held by the Executive shall
vest and become exercisable or payable, as applicable, and all performance-based awards shall vest based on target performance. In addition,
the time period that the Executive may have to exercise any stock options shall be extended for a period equal to the shorter of (i) one
(1) year or (ii) the remaining term of the award; provided, however, that if any particular equity or equity-based award provides for
more favorable termination treatment, then the more favorable treatment provided therein will apply.

 

(e)           
TERMINATION WITHOUT CAUSE OR FOR GOOD REASON FOLLOWING A CORPORATE TRANSACTION. If the Executive’s employment by the
Company is terminated by the Company other than for Cause (and not due to Disability or death), or by the Executive for Good Reason, in
either case on or within twenty-four (24) months immediately following a Corporate Transaction, then the Company shall pay or provide
the Executive with the Accrued Amounts and all of the benefits described in Section 8(d) above, subject to compliance with Section 9;
provided that: (i) the Salary Severance Period defined in Section 8(d)(1) shall be increased to a total of eighteen (18) months
following the termination date; (ii) the COBRA Severance Period defined in Section 8(d)(2) shall be increased to a total of eighteen (18)
months following the termination date; and (iii) in lieu of the pro-rata bonus described in Section 8(d)(4), the Company shall pay the
Executive the full Target Bonus for the performance year in which the Executive’s termination occurs, payable as a lump sum payment
on the Company’s first ordinary payroll date occurring on or after the General Release effective date (namely, the date it can no
longer be revoked).

 

9.             
CONDITIONS. Any payments or benefits made or provided pursuant to Section 8 (other than Accrued Amounts) are
subject to the Executive’s (or, in the event of the Executive’s death, the beneficiary’s or estate’s, or in the
event of the Executive’s Disability, the guardian’s):

 

(a)           
compliance with the provisions of Section 10 hereof;

    	 	8	 

     

    

(b)          
delivery to the Company of the executed Agreement and General Release (the “General Release”), which shall be
in the form attached hereto as Appendix A (with such changes therein or additions thereto as needed under then applicable law to
give effect to its intent and purpose) within 21 days following the date of termination of employment, and permitting the General Release
to become effective in accordance with its terms; and

 

(c)           
delivery to the Company of a resignation from all offices, directorships and fiduciary positions with the Company, its affiliates
and employee benefit plans, by no later than 90 days following termination of employment.

 

Notwithstanding the due date
of any post-employment payments, any amounts due following a termination under this Agreement (other than Accrued Amounts) shall not be
due until after the expiration of any revocation period applicable to the General Release without the Executive having revoked such General
Release, and any such amounts shall be paid or commence being paid to the Executive on the Company’s first ordinary payroll date
occurring on or after the expiration of such revocation period without the occurrence of a revocation by the Executive (or such later
date as may be required under Section 17 or the final sentence of this Section 9). Nevertheless (and regardless of whether the General
Release has been executed by the Executive), upon any termination of Executive’s employment, Executive shall be entitled to receive
any Accrued Amounts, payable after the date of termination in accordance with the Company’s applicable plan, program, policy or
payroll procedures. Notwithstanding anything to the contrary in this Agreement, if any severance pay or benefits are deferred compensation
under Section 409A (as defined below), and the period during which the Executive may sign the General Release begins in one calendar year
and ends in another, then the severance pay or benefit shall not be paid or the first payment shall not occur until the later calendar
year.

 

10.          
CONFIDENTIALITY AND POST-EMPLOYMENT OBLIGATIONS. As a condition of employment, the Executive agrees to execute and
abide by the Company’s current form of Confidentiality and Non-Competition Agreement (“Confidentiality Agreement”),
which may be amended by the parties from time to time without regard to this Agreement. The Confidentiality Agreement contains provisions
that are intended by the parties to survive and do survive termination of this Agreement.

 

11.          
 ASSIGNMENT.

 

(a)           
The Executive may not assign or delegate any rights or obligations hereunder without first obtaining the written consent of the
Company.

 

(b)          
This Agreement shall be binding upon and inure to the benefit of the Company and its successors, assigns and legal representatives.
The Company will require any acquirer or successor of the Company in any merger, consolidation, sale, or acquisition of the Company, or
a similar transaction to assume the Company’s obligations under this Agreement, and any failure to do so shall constitute a material
breach of this Agreement.

 

12.          
NOTICE. For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall
be in writing and shall be deemed to have been duly given (a) on the date of delivery if delivered by hand, (b) on the date of transmission,
if delivered by confirmed facsimile, (c) on the first business day following the date of deposit if delivered by guaranteed overnight
delivery service, or (d) on the fourth business day following the date delivered or mailed by United States registered or certified mail,
return receipt requested, postage prepaid, addressed as follows: If to the Executive: at the address (or to the facsimile number) shown
on the records of the Company.

    	 	9	 

     

    

If to the Company:

 

Eloxx Pharmaceuticals,
Inc.

950 Winter Street

Waltham, MA 02451

 

or to such other address as either
party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only
upon receipt.

 

13.          
SECTION HEADINGS; INCONSISTENCY. The section headings used in this Agreement are included solely for convenience
and shall not affect, or be used in connection with, the interpretation of this Agreement. If there is any inconsistency between this
Agreement and any other agreement plan, program, policy or practice (collectively, “Other Provision”) of the Company
the terms of this Agreement shall control over such Other Provision.

 

14.          
SEVERABILITY. The provisions of this Agreement shall be deemed severable and the invalidity of unenforceability of
any provision shall not affect the validity or enforceability of the other provisions hereof. In the event that any provision hereof becomes
or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, that provision shall be enforced to the maximum
extent permitted by law and shall be deemed revised as near as possible to attain the intent of the parties, and all other provisions
of this Agreement shall remain in full force and effect.

 

15.          
COUNTERPARTS. This Agreement may be executed in counterparts, each of which shall be deemed to be an original but
all of which together will constitute one and the same instruments. One or more counterparts of this Agreement may be delivered by facsimile,
with the intention that delivery by such means shall have the same effect as delivery of an original counterpart thereof.

 

16.          
MISCELLANEOUS. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification
or discharge is agreed to in writing and signed by the Executive and such officer or director of the Company as may be designated or authorized
by the Board. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition
or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions
at the same or at any prior or subsequent time. This Agreement together with all exhibits hereto and the Confidentiality Agreement sets
forth the entire agreement of the parties hereto in respect of the subject matter contained herein. No agreements or representations,
oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not expressly
set forth in this Agreement. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws
of the Commonwealth of Massachusetts without regard to its conflicts of law principles.

    	 	10	 

     

    

17.          
SECTION 409A.

 

(a)           
Notwithstanding anything to the contrary herein, the following provisions apply to the extent severance benefits provided herein
are subject to Section 409A of Code and the regulations and other guidance thereunder and any state law of similar effect (collectively
 “Section 409A”). Severance benefits payable upon a termination of employment shall not commence until Executive has
a “separation from service” for purposes of Section 409A. Each installment of severance benefits is a separate “payment”
for purposes of Treas. Reg. Section 1.409A-2(b)(2)(i), and the severance benefits are intended to satisfy the exemptions from application
of Section 409A provided under Treasury Regulations Sections 1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9). However, if such exemptions
are not available and Executive is, upon separation from service, a “specified employee” for purposes of Section 409A, then,
solely to the extent necessary to avoid adverse personal tax consequences under Section 409A, the timing of the severance benefits shall
be delayed until the earlier of (i) six (6) months and one day after Executive’s separation from service, or (ii) Executive’s
death. Any payment or benefit otherwise payable or to be provided in the six (6) month period following separation from service that is
not so paid or provided by reason of this Section 17 shall be accumulated and paid or provided in a single lump sum, as soon as practicable
(and in all events within 15 days) after the date that is six (6) months after Executive’s separation from service (or, if earlier,
as soon as practicable, and in all events within 15 days, after the date of Executive’s death)

 

(b)          
It is intended that this Agreement shall comply with the requirements of Section 409A, and any ambiguity contained herein shall
be interpreted in such manner so as to avoid adverse personal tax consequences under Section 409A. Notwithstanding the foregoing, the
Company shall in no event be obligated to indemnify the Executive for any taxes or interest that may be assessed by the IRS pursuant to
Section 409A of the Code on payments made pursuant to this Agreement.

 

18.          
MITIGATION OF DAMAGES. In no event shall the Executive be obliged to seek other employment or take any other action
by way of mitigation of the severance benefits payable to the Executive under any of the provisions of this Agreement, nor shall the amount
of any severance benefit hereunder be reduced by any compensation earned by the Executive as a result of employment by another employer,
except as set forth in this Agreement.

 

19.          
REPRESENTATIONS. The Executive represents and warrants to the Company that the Executive has the legal right to enter
into this Agreement and to perform all of the obligations on the Executive’s part to be performed hereunder in accordance with its
terms and that the Executive is not a party to any agreement or understanding, written or oral, which could prevent the Executive from
entering into this Agreement or performing all of the Executive’s obligations hereunder. The Executive further represents and warrants
that he has been advised to consult with an attorney and that he has been represented by the attorney of his choosing during the negotiation
of this Agreement (or chosen not to be so represented), that he has consulted with his attorney before executing this Agreement (or chosen
not to consult an attorney), that he has carefully read and fully understand all of the provisions of this Agreement and that he is voluntarily
entering into this Agreement.

    	 	11	 

     

    

20.          
NON-DISPARAGEMENT. Both during and after the Employment Term, the Executive and the Company (through its officers
and directors) agree not to disparage the other party, and the other party’s officers, directors, employees, shareholders, affiliates
and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation; provided that
both the Executive and the Company may respond accurately and fully to any question, inquiry or request for information when required
by legal process and provided further that nothing in this Section 20 shall preclude any party from making truthful statements that are
reasonably necessary or to enforce or defend the party’s rights under this Agreement.

 

21.          
WITHHOLDING. The Company may withhold from any and all amounts payable under this Agreement such federal, state and
local taxes as may be required to be withheld pursuant to any applicable law or regulation.

 

22.          
SURVIVAL. The respective obligations of, and benefits afforded to, the Company and the Executive which by their express
terms or clear intent survive termination of the Executive’s employment with the Company, including, without limitation, the provisions
of Sections 8 through 24, inclusive, of this Agreement, will survive termination of the Executive’s employment with the Company,
and will remain in full force and effect according to their terms.

 

23.          
AGREEMENT OF THE PARTIES. The language used in this Agreement will be deemed to be the language chosen by the parties
hereto to express their mutual intent. Neither the Executive nor the Company shall be entitled to any presumption in connection with any
determination made hereunder in connection with any arbitration, judicial or administrative proceeding relating to or arising under this
Agreement.

 

24.          
DISPUTE RESOLUTION. In the event of any controversy, dispute or claim between the parties under, arising out of or
related to this Agreement (including but not limited to, claims relating to breach, termination of this Agreement, or the performance
of a party under this Agreement) whether based on contract, tort, statute or other legal theory (collectively referred to hereinafter
as “Disputes”), the parties shall follow the dispute resolution procedures set forth below. Any Dispute shall be finally
settled by arbitration in accordance with the Employment Arbitration Rules & Procedures of JAMS (“JAMS”) then in
force, and that the arbitration hearings shall be held in Boston, Massachusetts. The parties agree to (i) appoint an arbitrator who is
knowledgeable in employment and human resource matters and, to the extent possible, the industry in which the Company operates, and instruct
the arbitrator to follow substantive rules of law; (ii) require the testimony to be transcribed; and (iii) require the award to be accompanied
by findings of fact and a statement of reasons for the decision. The arbitrator shall have the authority to permit discovery, to the extent
deemed appropriate by the arbitrator, upon request of a party, but such discovery process shall continue for no more than thirty (30)
days. The arbitrator shall have no power or authority to add to or detract from the written agreement of the parties. If the parties cannot
agree upon an arbitrator within ten (10) days after demand by either of them, either or both parties may request JAMS name a panel of
five (5) arbitrators. The Company shall strike the names of two (2) off this list; then, the Executive shall strike two (2) of the remaining
names; and the remaining name shall be the arbitrator. The Company shall pay for both parties’ reasonable attorneys’ fees
and expenses and all JAMS fees and expenses. Any award shall be final, binding and conclusive upon the parties and a judgment rendered
thereon may be entered in any court having jurisdiction thereof. This Section shall not limit the right of any party to sue for injunctive
relief for a breach of the obligations of this Agreement.

 

[signature page follows]

    	 	12	 

     

    

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement, effective as of the date first written above.

 

 

	 	ELOXX PHARMACEUTICALS, INC.
	 	 	 
	 	 	 
	 	By:	/s/ Tomer Kariv
	 	 	Tomer Kariv
	 	 	Its: Chairman of the Board of Directors
	 	 	 
	 	 	 
	 	 	 
	 	EXECUTIVE
	 	 	 
	 	 	 
	 	/s/ Sumit Aggarwal
	 	Sumit Aggarwal

 

 

[Signature Page to Employment Agreement]

     

     

    

APPENDIX A

 

FORM OF RELEASE

 

AGREEMENT AND GENERAL RELEASE

 

Eloxx Pharmaceuticals, Inc. (the
 “Company”) and Sumit Aggarwal (“Executive”) agree:

 

1.             
Last Day of Employment. Executive’s last day of employment with Employer was [INSERT DATE] (the “Termination
Date”). In addition, effective as of the Termination Date, Executive ceased to serve as the General Counsel of the Company and
its affiliates and ceased to be eligible for any benefits or compensation from the Company and its affiliates other than as specifically
provided in Section 8 of the Executive Employment Agreement between the Company and Executive dated as of April 1, 2021 (the “Employment
Agreement”). Executive further acknowledges and agrees that from and after the date Executive executes this Agreement and General
Release, Executive will not represent (and since the Termination Date the Executive has not represented) the Executive as being a director,
employee, officer, trustee, agent or representative of the Company or its affiliates for any purpose. In addition, effective as of Termination
Date, Executive resigns from all offices, directorships, trusteeships, committee memberships and fiduciary capacities held with, or on
behalf of, the Company and its affiliates or any benefit plans of the Company and its affiliates. These resignations will become irrevocable
as set forth in Section 3 below.

 

2.             
Consideration. The parties acknowledge that this Agreement and General Release is being executed in accordance with Section
9 of the Employment Agreement.

 

3.             
Revocation. Executive may revoke this Agreement and General Release for a period of seven (7) calendar days following the
day Executive executes this Agreement and General Release. Any revocation within this period must be submitted in writing to the Company
and state, “I hereby revoke my acceptance of our Agreement and General Release.” The revocation must be delivered to the Company,
Eloxx Pharmaceuticals, Inc., 950 Winter Street, Waltham, MA 02451, or any executive officer of the Company. This Agreement and General
Release shall become effective and irrevocable on the eighth (8th) day after Executive executes it, unless earlier revoked by Executive
in accordance with this Section 3 (the “Effective Date”).

 

4.             
General Release of Claims. (A) Executive and the Executive’s heirs, executors, administrators, successors and assigns
(collectively referred to throughout this Agreement as “Employee”) knowingly and voluntarily release and forever discharge
the Company and its affiliates, subsidiaries, divisions, benefit plans, successors and assigns in such capacity, and the current, future
and former employees, officers, directors, trustees and agents thereof (collectively referred to as “Employer”) from
any and all actions, causes of action, contributions, indemnities, duties, debts, sums of money, suits, controversies, restitutions, understandings,
agreements, promises, claims regarding stock, stock options or other forms of equity compensation, commitments, damages, fees and liabilities,
responsibilities and any and all claims, demands, executions and liabilities of whatsoever kind, nature or description, oral or written,
known or unknown, matured or unmatured, suspected or unsuspected at the present time, in law or in equity, whether known and unknown,
against Employer, which the Employee has, has ever had or may have as of the date of Executive’s execution of this Agreement and
General Release, including, but not limited to, any alleged violation of:

    	 	1	 

     

    

		-	Title VII of the Civil Rights Act of 1964, as amended;

 

		-	The Civil Rights Act of 1991;

 

		-	Sections 1981 through 1988 of Title 42 of the United States Code, as amended;

 

		-	The Employee Retirement Income Security Act of 1974, as amended;

 

		-	The Immigration Reform and Control Act, as amended;

 

		-	The Americans with Disabilities Act of 1990, as amended;

 

		-	The Age Discrimination in Employment Act of 1967, as amended;

 

		-	The Older Workers Benefit Protection Act of 1990;

 

		-	The Worker Adjustment and Retraining Notification Act, as amended;

 

		-	The Occupational Safety and Health Act, as amended;

 

		-	The Family and Medical Leave Act of 1993;

 

		-	The Massachusetts Wage Act;

 

		-	Massachusetts anti-discrimination laws, M.G.L Chapter 151B-Any wage payment and collection, equal pay
and other similar laws, acts and statutes of the Commonwealth of Massachusetts or the United States;

 

		-	Any other federal, state or local civil or human rights law or any other local, state or federal law, regulation
or ordinance;

 

		-	Any public policy, contract, tort, or common law; or

 

		-	Any allegation for costs, fees, or other expenses including attorneys’ fees incurred in these matters.

 

Notwithstanding anything herein
to the contrary, the sole matters to which the Agreement and General Release do not apply are: (i) Employee’s express rights or
claims for accrued vested benefits under any employee benefit plan, policy or arrangement maintained by Employer or under COBRA; (ii)
Employee’s rights under the provisions of the Employment Agreement which are intended to survive termination of employment; ; or
(iii) any rights of the Executive to indemnification as a Director or Officer of the Company.

 

5.             
No Claims Permitted. Employee waives Executive’s right to file any charge or complaint against Employer arising out
of Executive’s employment with or separation from Employer before any federal, state or local court or any state or local administrative
agency, except where such waivers are prohibited by law (with the understanding that that this Agreement and General Release bars the
Executive from recovering monetary relief from Employer in connection with any charges or complaints which are not waived hereunder).

    	 	2	 

     

    

Furthermore, nothing in this Agreement or General
Release and Waiver of Claims prohibits Executive from reporting possible violations of federal law or regulation to any governmental agency
or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency
Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. Executive
does not need the prior authorization of the Company to make any such reports or disclosures and Executive is not required to notify the
Company that Executive has made such reports or disclosures.

 

6.             
Affirmations. Employee affirms Executive has not filed, has not caused to be filed, and is not presently a party to, any
claim, complaint, or action against Employer in any forum. Employee further affirms that the Executive has been paid and/or has received
all compensation, wages, bonuses, commissions, and/or benefits to which Executive may be entitled and no other compensation, wages, bonuses,
commissions and/or benefits are due to Executive, except as provided in Section 8 of the Employment Agreement. Employee also affirms Executive
has no known workplace injuries.

 

7.             
Cooperation; Return of Property. Employee agrees to reasonably cooperate with Employer and its counsel in connection with
any investigation, administrative proceeding or litigation relating to any matter that occurred during Executive’s employment in
which Executive was involved or of which Executive has knowledge. Employer will reimburse the Employee for any reasonable out-of-pocket
travel, delivery or similar expenses incurred in providing such service to Employer. Employee represents that Employee has returned to
Employer all property belonging to Employer, including but not limited to any leased vehicle, laptop, cell phone, keys, access cards,
phone cards and credit cards, provided that Executive may retain, and Employer shall cooperate in transferring, Executive’s cell
phone number and Executive’s personal rolodex and other address books.

 

8.             
Governing Law and Interpretation. This Agreement and General Release shall be governed and conformed in accordance with
the laws of the Commonwealth of Massachusetts without regard to its conflict of laws provisions. In the event Employee or Employer breaches
any provision of this Agreement and General Release, Employee and Employer affirm either may institute an action to specifically enforce
any term or terms of this Agreement and General Release. Should any provision of this Agreement and General Release be declared illegal
or unenforceable by any court of competent jurisdiction and should the provision be incapable of being modified to be enforceable, such
provision shall immediately become null and void, leaving the remainder of this Agreement and General Release in full force and effect.
Nothing herein, however, shall operate to void or nullify any general release language contained in the Agreement and General Release.

 

9.             
No Admission of Wrongdoing. Employee agrees neither this Agreement and General Release nor the furnishing of the consideration
for this Agreement and General Release shall be deemed or construed at any time for any purpose as an admission by Employer of any liability
or unlawful conduct of any kind.

    	 	3	 

     

    

10.          
Non-Disparagement. Employee and Employer (through its officers and directors) agree not to disparage the other party, and
the other party’s officers, directors, employees, shareholders and agents, in any manner likely to be harmful to them or their business,
business reputation or personal reputation; provided that both Employee and Employer may respond accurately and fully to any question,
inquiry or request for information when required by legal process and provided further that nothing in this Section 10 shall preclude
Employer or Employee from making truthful statements that are reasonably necessary or to enforce or defend the party’s rights under
this Agreement and General Release.

 

11.          
Amendment. This Agreement and General Release may not be modified, altered or changed except upon express written consent
of both parties wherein specific reference is made to this Agreement and General Release.

 

12.          
Entire Agreement. This Agreement and General Release and the Confidentiality Agreement (as defined in the Employment Agreement)
sets forth the entire agreement between the parties hereto and fully supersedes any prior agreements or understandings between the parties;
provided, however, that notwithstanding anything in this Agreement and General Release, the provisions in the Employment
Agreement which are intended to survive termination of the Employment Agreement, including but not limited to those contained in Section
10 thereof, shall survive and continue in full force and effect. Employee acknowledges Executive has not relied on any representations,
promises, or agreements of any kind made to Executive in connection with Executive’s decision to accept this Agreement and General
Release.

 

13.          
ADEA. Employee understands and acknowledges that Employee is waiving and releasing any rights Executive may have under the
Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is knowing and voluntary. Employee
understands and agrees that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the date
Executive signs this Agreement and General Release. Employee understands and acknowledges that the consideration given for this waiver
and release is in addition to anything of value to which Employee was already entitled. Employee further understands and acknowledges
that Employee has been advised by this writing that nothing in this Agreement prevents or precludes Executive from challenging or seeking
a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties, or
costs for doing so, unless specifically authorized by federal law.

 

[signature page follows]

    	 	4	 

     

    

EMPLOYEE HAS BEEN ADVISED THAT
EXECUTIVE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO REVIEW THIS AGREEMENT AND GENERAL RELEASE AND HAS BEEN ADVISED IN WRITING TO CONSULT
WITH AN ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT AND GENERAL RELEASE.

 

EMPLOYEE AGREES ANY MODIFICATIONS,
MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY-ONE (21)
CALENDAR DAY CONSIDERATION PERIOD. IN THE EVENT EMPLOYEE SIGNS THIS AGREEMENT AND GENERAL RELEASE AND RETURNS IT TO THE COMPANY IN LESS
THAN THE TWENTY-ONE (21) DAY PERIOD IDENTIFIED ABOVE, EMPLOYEE HEREBY ACKNOWLEDGES THAT EMPLOYEE HAS FREELY AND VOLUNTARILY CHOSEN TO
WAIVE THE TIME PERIOD ALLOTTED FOR CONSIDERING THIS AGREEMENT AND GENERAL RELEASE.

 

HAVING ELECTED TO EXECUTE THIS
AGREEMENT AND GENERAL RELEASE, TO FULFILL THE PROMISES SET FORTH HEREIN, AND TO RECEIVE THE SUMS AND BENEFITS SET FORTH IN THE EMPLOYMENT
AGREEMENT, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO WAIVE,
SETTLE AND RELEASE ALL CLAIMS EXECUTIVE HAS OR MIGHT HAVE AGAINST EMPLOYER.

 

IN WITNESS WHEREOF, the parties
hereto knowingly and voluntarily executed this Agreement and General Release as of the date set forth below:

 

	 	ELOXX PHARMACEUTICALS, INC.
	 	 
	 	By:	 
	 	 	Name:	
	 	 	Its:	
	 	 	 	 
	 	 	Date:	
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	EXECUTIVE
	 	 
	 	 
	 	Sumit Aggarwal
	 	 	 	 
	 	 	 	 
	 	Date:

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