Document:

Guarantee and Collateral Agreement

 Exhibit 4.3 
  

GUARANTEE AND COLLATERAL AGREEMENT 
  
 made by 
  
 DLI HOLDING II CORP. 
  
 and 
  
 DLI ACQUISITION CORP.

  
 and 
  
 DEL LABORATORIES, INC. 
  
 and certain of its Subsidiaries 
  
 in favor of 
  
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent 
  
 Dated
as of January 27, 2005 

 TABLE OF CONTENTS 
  

							
	 	  	Page

	SECTION 1. DEFINED TERMS	  	4
	 	    	1.1.	  	Definitions	  	4
	 	    	1.2.	  	Other Definitional Provisions	  	9
		
	SECTION 2. GUARANTEE	  	9
	 	    	2.1.	  	Guarantee	  	9
	 	    	2.2.	  	Reimbursement, Contribution and Subrogation	  	10
	 	    	2.3.	  	Amendments, etc. with respect to the Borrower Obligations	  	12
	 	    	2.4.	  	Guarantee Absolute and Unconditional	  	12
	 	    	2.5.	  	Reinstatement	  	13
	 	    	2.6.	  	Payments	  	13
		
	SECTION 3. GRANT OF SECURITY INTEREST	  	13
		
	SECTION 4. REPRESENTATIONS AND WARRANTIES	  	15
	 	    	4.1.	  	Representations in Credit Agreement	  	15
	 	    	4.2.	  	Title; No Other Liens	  	15
	 	    	4.3.	  	Perfected First Priority Liens	  	15
	 	    	4.4.	  	Jurisdiction of Organization; Chief Executive Office	  	16
	 	    	4.5.	  	Inventory and Equipment	  	16
	 	    	4.6.	  	Farm Products	  	16
	 	    	4.7.	  	Pledged Stock and Pledged Notes	  	16
	 	    	4.8.	  	Receivables	  	17
	 	    	4.9.	  	Intellectual Property	  	17
		
	SECTION 5. COVENANTS	  	18
	 	    	5.1.	  	Covenants in Credit Agreement	  	18
	 	    	5.2.	  	Delivery and Control of Instruments, Certificated Securities, Chattel Paper, Negotiable Documents, Investment Property and Letter of Credit Rights	  	19
	 	    	5.3.	  	Maintenance of Insurance	  	20
	 	    	5.4.	  	Payment of Obligations	  	20
	 	    	5.5.	  	Maintenance of Perfected Security Interest; Further Documentation	  	21
	 	    	5.6.	  	Changes in Locations, Name, etc.	  	21
	 	    	5.7.	  	Notices	  	21
	 	    	5.8.	  	Investment Property	  	21
	 	    	5.9.	  	Receivables	  	22
	 	    	5.10.	  	Intellectual Property	  	23
	 	    	5.11.	  	Vehicles	  	25
		
	SECTION 6. REMEDIAL PROVISIONS	  	25
	 	    	6.1.	  	Certain Matters Relating to Receivables	  	25
	 	    	6.2.	  	Communications with Obligors; Grantors Remain Liable	  	26
	 	    	6.3.	  	Investment Property	  	26
	 	    	6.4.	  	Proceeds to be Turned Over to Administrative Agent	  	27
	 	    	6.5.	  	Application of Proceeds	  	27
	 	    	6.6.	  	Code and Other Remedies	  	27
	 	    	6.7.	  	Registration Rights	  	28

							
	 	    	6.8.	    	Deficiency	  	29
		
	SECTION 7. THE ADMINISTRATIVE AGENT	  	29
	 	    	7.1.	    	Administrative Agent’s Appointment as Attorney-in-Fact, etc.	  	29
	 	    	7.2.	    	Duty of Administrative Agent	  	31
	 	    	7.3.	    	Financing Statements	  	31
	 	    	7.4.	    	Authority, Immunities and Indemnities of Administrative Agent	  	31
		
	SECTION 8. MISCELLANEOUS	  	31
	 	    	8.1.	    	Amendments in Writing	  	31
	 	    	8.2.	    	Notices	  	32
	 	    	8.3.	    	No Waiver by Course of Conduct; Cumulative Remedies	  	32
	 	    	8.4.	    	Enforcement Expenses; Indemnification	  	32
	 	    	8.5.	    	Successors and Assigns	  	32
	 	    	8.6.	    	Set-Off	  	32
	 	    	8.7.	    	Counterparts	  	33
	 	    	8.8.	    	Severability	  	33
	 	    	8.9.	    	Section Headings	  	33
	 	    	8.10.	    	Integration	  	33
	 	    	8.11.	    	GOVERNING LAW	  	33
	 	    	8.12.	    	Submission To Jurisdiction; Waivers	  	33
	 	    	8.13.	    	Acknowledgements	  	34
	 	    	8.14.	    	Additional Grantors	  	34
	 	    	8.15.	    	Releases	  	34
	 	    	8.16.	    	WAIVER OF JURY TRIAL	  	35
	 	    	8.17.	    	Effectiveness of Obligations	  	35

  

			
	SCHEDULES	  	 
		
	Schedule 1	  	Notice Addresses
	Schedule 2	  	Investment Property
	Schedule 3	  	Jurisdictions of Organization and Chief Executive Offices
	Schedule 4	  	Filings and Other Actions required for Perfection
	Schedule 5	  	Inventory and Equipment Locations
	Schedule 6	  	Intellectual Property
	Schedule 7	  	Commercial Tort Claims
		
	ANNEXES	  	 
		
	Annex I	  	Form of Assumption Agreement
	Annex II	  	Form of Acknowledgement and Consent
	Annex III	  	Form of Intellectual Property Security Agreement

 GUARANTEE AND COLLATERAL AGREEMENT, dated as of January 27, 2005, made by each of the signatories hereto
(together with any other entity that may become a party hereto as provided herein, the “Grantors”), in favor of JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for
the banks, financial institutions and other entities (the “Lenders”) from time to time party as Lenders to the Credit Agreement, dated as of January 27, 2005 (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among DLI Holding II Corp., a Delaware corporation (“Holdings”), DLI Acquisition Corp., a Delaware corporation (as further defined in Section 1.1, the “Borrower”), the Lenders,
J.P. Morgan Securities Inc. and Bear, Stearns & Co. Inc., as joint lead arrangers and joint bookrunners (in such capacity, the “Lead Arrangers”), Bear Stearns Corporate Lending Inc., as syndication agent (in such capacity, the
“Syndication Agent”), Deutsche Bank Securities Inc. as documentation agent and as co-agent (in such capacity, the “Documentation Agent”) and together with the Lead Arrangers, the “Arrangers”), and
the Administrative Agent. 
  
 RECITALS 
  
 A. Pursuant to the Credit Agreement, the Lenders have severally agreed to
make extensions of credit to the Borrower upon the terms and subject to the conditions set forth therein; 
  
 B. Upon effectiveness of the Merger, the Borrower will be a member of an affiliated group of companies that includes each other Grantor; 
  
 C. The proceeds of the extensions of credit under the Credit Agreement will
be used in part to enable the Borrower to make valuable transfers to one or more of the other Grantors in connection with the operation of their respective businesses; 
  
 D. The Borrower and the other Grantors are engaged in related businesses, and each Grantor will derive substantial direct
and indirect benefit from the making of the extensions of credit under the Credit Agreement; and 
  
 E. It is a condition precedent to the obligation of the Lenders to make their respective extensions of credit to the Borrower under the Credit Agreement
that the Grantors shall have executed and delivered this Agreement to the Administrative Agent for the benefit of the Secured Parties. 
  
 NOW, THEREFORE, in consideration of the premises and to induce the Agents and the Lenders to enter into the Credit Agreement and to induce the Lenders to
make their respective extensions of credit to the Borrower thereunder and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor hereby agrees with the Administrative Agent, for the benefit
of the Agents and the Lenders, as follows: 
  
 SECTION 1.
DEFINED TERMS 
  
 1.1. Definitions. 
  
 (a) Unless otherwise defined herein, terms defined in the Credit Agreement
and used herein shall have the meanings given to them in the Credit Agreement, and the following terms are used herein as defined in the New York UCC (and if defined in more than one Article of the New York UCC, shall have the meaning given in
Article 8 or 9 thereof): Accounts, Certificated Security, Chattel Paper, Commercial Tort Claims, Documents, Electronic Chattel Paper, Equipment, Farm Products, Fixtures, General Intangibles, Goods, Instruments, Inventory, Letter-of-Credit Rights,
Money, Negotiable Documents, Securities Accounts, Securities Entitlements, Supporting Obligations and Tangible Chattel Paper. 

 (b) The following terms shall have the following meanings: 
  
 “Agreement”: this Guarantee and Collateral Agreement.

  
 “Borrower”: prior to the Merger, DLI
Acquisition Corp., a Delaware corporation; and from and after the Merger, Del Laboratories, Inc., a Delaware corporation. 
  
 “Borrower Cash Management Arrangement Obligations”: all obligations and liabilities of the Borrower to any Qualified Counterparty,
whether direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred, which may arise under, out of, or in connection with, any Specified Cash Management Arrangement or any document made, delivered or given
in connection therewith or pursuant thereto, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including interest accruing at the then applicable rate provided in the
agreements governing such Specified Cash Management Arrangement after the maturity of the obligations thereof and interest accruing at the then applicable rate provided in the agreements governing any Specified Cash Management Arrangement after the
commencement of any bankruptcy case or insolvency, reorganization or like proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding and all reasonable fees and disbursements
of counsel to the Qualified Counterparty that are required to be paid by the Borrower pursuant to the terms of any Specified Cash Management Arrangement). 
  
 “Borrower Credit Agreement Obligations”: the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other
obligations and liabilities of the Borrower to any Agent, Lender or Indemnitee, whether direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred, which may arise under, out of, or in connection with, the
Credit Agreement, this Agreement or the other Loan Documents, any Letter of Credit or any other document made, delivered or given in connection therewith or pursuant thereto, in each case whether on account of principal, interest, reimbursement
obligations, fees, indemnities, costs, expenses or otherwise (including interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then
applicable rate provided in the Credit Agreement after the commencement of any bankruptcy case or insolvency, reorganization, liquidation or like proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition interest
is allowed in such proceeding and all expense reimbursement and indemnity obligations arising or incurred as provided in the Loan Documents after the commencement of any such case or proceeding, whether or not a claim for such obligations is allowed
in such case or proceeding). 
  
 “Borrower Hedge Agreement
Obligations”: all obligations and liabilities of the Borrower to any Qualified Counterparty, whether direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred, which may arise under, out of, or
in connection with, any Specified Hedge Agreement or any other document made, delivered or given in connection therewith or pursuant thereto, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities,
costs, expenses or otherwise (including interest accruing at the then applicable rate provided in such Specified Hedge Agreement after the maturity of the obligations thereof and interest accruing at the then applicable rate provided in any
Specified Hedge Agreement after the commencement of any bankruptcy case or insolvency, reorganization or like proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding and all
reasonable fees and disbursements of counsel to the Qualified Counterparty that are required to be paid by the Borrower pursuant to the terms of any Specified Hedge Agreement). 

 “Borrower Obligations”: the Borrower Credit Agreement Obligations, Borrower Hedge
Agreement Obligations, and Borrower Cash Management Arrangement Obligations. 
  
 “Collateral”: as defined in Section 3. 
  
 “Collateral Account”: any collateral account established by the Administrative Agent as provided in Section 6.1 or 6.4. 
  
 “Copyrights”: (i) all United States and foreign copyrights, whether or not the underlying works of
authorship have been published, and all copyright registrations and copyright applications, and any renewals or extensions thereof, including each registration identified on Schedule 6, (ii) the right to sue or otherwise recover for any and all
past, present and future infringements thereof, (iii) all income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including, without limitation, payments under all licenses entered into in connection
therewith, and damages and payments for past, present or future infringements thereof), and (iv) all other rights of any kind whatsoever accruing thereunder or pertaining thereto. 
  
 “Copyright Licenses”: with respect to any Grantor, all agreements (whether or not in writing) naming such
Grantor as licensor or licensee (including those agreements listed in Schedule 6), granting any right under any Copyright, including the grant of rights to print, publish, copy, distribute, exploit and sell materials derived from any Copyright,
subject in each case, to the terms of such agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory now or hereafter covered by such agreements. 
  
 “Deposit Account”: as defined in the Uniform Commercial Code of any applicable jurisdiction and, in any
event, including any demand, time, savings, passbook or like account maintained with a depositary institution. 
  
 “Excluded Perfection Assets”: (i) any Vehicle individually having a value less than $100,000 individually or $1,000,000 in the aggregate
for all Vehicles; (ii) any foreign Intellectual Property; (iii) Goods included in Collateral received by any Person for “sale or return within the meaning of Section 2-326 of the Uniform Commercial Code of the applicable jurisdiction, to the
extent of claims of creditors of such Person; and (vi) Money which has not been transferred to or deposited in the Collateral Proceeds Account (if any) or a Deposit Account in which the Administrative Agent maintains “control” as described
in the New York UCC and which does not constitute identifiable proceeds of other Collateral and (v) other than any foreign Intellectual Property and any Pledged Stock, any Collateral the aggregate value of which shall not exceed at any time $500,000
and for which the perfection of Liens thereon requires filings in or other actions under the laws of jurisdictions outside the United States. 
  
 “Foreign Subsidiary Voting Stock”: the voting Capital Stock of any Foreign Subsidiary. 
  
 “Guarantor Obligations”: with respect to any Guarantor, all
obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations,
reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including all expense reimbursement and indemnity obligations arising or incurred as provided in the Loan Documents after the commencement of any bankruptcy case or
insolvency, reorganization, liquidation or like proceeding, whether or not a claim for such obligations is allowed in such case or proceeding) 
  
 “Guarantors”: the collective reference to each Grantor other than the Borrower. 

 “Intellectual Property”: the collective reference to all rights, priorities and
privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including all Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark Licenses, Trade Secrets, and
Trade Secret Licenses and all rights to sue at law or in equity for any past, present and future infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 
  
 “Intercompany Note”: any promissory note in a principal
amount in excess of $500,000, evidencing loans or other monetary obligations owing to any Grantor by any Group Member. 
  
 “Investment Property”: the collective reference to (i) all “investment property” as such term is defined in Section
9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all
Pledged Stock. 
  
 “Issuers”: the collective
reference to each issuer of any Investment Property purported to be pledged hereunder. 
  
 “New York UCC”: the Uniform Commercial Code as from time to time in effect in the State of New York. 
  
 “Obligations”: (i) in the case of the Borrower, the Borrower Obligations, and (ii) in the case of each Guarantor, its Guarantor
Obligations. 
  
 “Ordinary Course Transferees”:
(i) with respect to Goods only, buyers in the ordinary course of business and lessees in the ordinary course of business to the extent provided in Section 9-320(a) and 9-321 of the Uniform Commercial Code as in effect from time to time in the
relevant jurisdiction and (ii) with respect to General Intangibles only, licensees in the ordinary course of business to the extent provided in Section 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction.

  
 “Patents”: (i) all United States and foreign
patents, patent applications and patentable inventions, including, without limitation, each issued patent and patent application identified on Schedule 6, (ii) all inventions and improvements described and claimed therein, (iii) the right to sue or
otherwise recover for any and all past, present and future infringements thereof, (iv) all income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including payments under all licenses entered into in
connection therewith, and damages and payments for past, present or future infringements thereof), and (v) all reissues, divisions, continuations, continuations-in-part, substitutes, renewals, and extensions thereof, all improvements thereon and all
other rights of any kind whatsoever accruing thereunder or pertaining thereto. 
  
 “Patent License”: with respect to any Grantor, all agreements (whether or not in writing) providing for the grant by or to such Grantor of any right to manufacture, use, import, export, distribute,
offer for sale or sell any invention covered in whole or in part by a Patent (including those agreements listed on Schedule 6), subject in each case, to the terms of such agreements, and the right to prepare for sale, sell and advertise for sale,
all Inventory now or hereafter covered by such agreements. 
  
 “Pledged Notes”: all Intercompany Notes at any time issued to any Grantor (including those listed on Schedule 2) and all other promissory notes in excess of $500,000 in principal amount at any time issued to or owned, held
or acquired by any Grantor (including those listed on Schedule 2), except promissory notes issued in connection with extensions of trade credit by any Grantor in the ordinary course of business. 

 “Pledged Stock”: all shares, stock certificates, options, interests or rights of any
nature whatsoever in respect of the Capital Stock of any Person (including those listed on Schedule 2) at any time issued or granted to or owned, held or acquired by any Grantor; provided that in no event shall (i) more than 65% of the total
outstanding Foreign Subsidiary Voting Stock of any Foreign Subsidiary be subject to the security interests granted hereby and (ii) any of the Capital Stock of (x) Pade Mexicana, S.A. de C.V. or (y) DLI (Proprietary) Ltd. be subject to the security
interests granted hereby. 
  
 “Proceeds”: all
“proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC, including, in any event, all dividends, returns of capital and other distributions from Investment Property and all collections thereon and payments with
respect thereto. 
  
 “Receivable”: any right to
payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including all Accounts). 
  
 “Secured Parties”: the Agents, the Lenders and Indemnitees
and, with respect to any Specified Hedge Agreement or Specified Cash Management Agreement, the Qualified Counterparty, party thereto and each of their respective successors and transferees. 
  
 “Securities Act”: the Securities Act of 1933, as amended.

  
 “Trademarks”: (i) all United States, state
and foreign trademarks, service marks, trade names, domain names, corporate names, company names, business names, trade dress, trade styles, logos, or other indicia of origin or source identification, and all registrations of and applications to
register the foregoing and any new renewals thereof, including each registration and application identified in Schedule 6, (ii) the right to sue or otherwise recover for any and all past, present and future infringements and dilutions thereof, (iii)
all income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including payments under all licenses entered into in connection therewith, and damages and payments for past, present or future
infringements and dilutions thereof), and (iv) all other rights of any kind whatsoever accruing thereunder or pertaining thereto, together in each case with the goodwill of the business connected with the use of, and symbolized by, each of the
above. 
  
 “Trademark License”: with respect to
any Grantor, any agreement (whether or not in writing) providing for the grant by or to such Grantor of any right to use any Trademark (including those agreements listed on Schedule 6), subject in each case, to the terms of such agreements, and the
right to prepare for sale, sell and advertise for sale, all Inventory now or hereafter covered by such agreements. 
  
 “Trade Secrets”: (i) all trade secrets and all confidential information, (ii) the right to sue or otherwise recover for any and all past,
present and future misappropriations thereof, (iii) all income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including payments under all licenses entered into in connection therewith, and damages
and payments for past, present or future misappropriations thereof), and (iv) all other rights of any kind whatsoever accruing thereunder or pertaining thereto. 
  

“Trade Secret License”: with respect to any Grantor, any agreement, whether written or oral, providing for the grant by or to such
Grantor of any right to use any Trade Secret, including any of the foregoing agreements referred to in Schedule 6, subject in each case, to the terms of such agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory
now or hereafter covered by such agreements. 

 “UETA”: the Uniform Electronic Transaction Act, as in effect in the applicable
jurisdiction. 
  
 “Vehicles”: all cars, trucks,
trailers, construction and earth moving equipment and other vehicles, vessels and aircrafts covered by a certificate of title law of any jurisdiction and all appurtenances thereto. 
  
 1.2. Other Definitional Provisions. 
  
 (a) As used herein and in any certificate or other document made or delivered pursuant hereto, (i) accounting terms relating
to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP, (ii) the words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”, (iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the
words “incurred” and “incurrence” shall have correlative meanings), and (iv) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties of every type and nature, and (v) references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended,
supplemented, restated or otherwise modified from time to time (subject to any applicable restrictions hereunder). 
  
 (b) The words “hereof,” “herein”, “hereto” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and Schedule references are to this Agreement unless otherwise specified. 
  
 (c) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such
terms. 
  
 (d) Where the context requires, terms relating to the
Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. 
  
 (e) The expressions “payment in full,” “paid in full” and any other similar terms or phrases when used herein with respect to any
Obligation shall mean the payment in full of such Obligation in cash in immediately available funds. 
  
 SECTION 2. GUARANTEE 
  
 2.1. Guarantee. 
  
 (a) Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Administrative Agent, for the benefit of the
Secured Parties, the prompt and complete payment and performance by the Borrower when due (whether at the stated maturity, by acceleration or otherwise) of each and all of the Borrower Obligations. 

 (b) Each Guarantor shall be liable under its guarantee set forth in Section 2.1(a), without any
limitation as to amount, for all present and future Borrower Obligations, including specifically all future increases in the outstanding amount of the Loans or Reimbursement Obligations and other future increases in the Borrower Obligations, whether
or not any such increase is committed, contemplated or provided for by the Loan Documents on the date hereof; provided, that (i) enforcement of such guarantee against such Guarantor will be limited as necessary to limit the recovery under
such guarantee to the maximum amount which may be recovered without causing such enforcement or recovery to constitute a fraudulent transfer or fraudulent conveyance under any applicable law, including any applicable federal or state fraudulent
transfer or fraudulent conveyance law (giving effect, to the fullest extent permitted by law, to the reimbursement and contribution rights set forth in Section 2.2) and (ii) to the fullest extent permitted by applicable law, the foregoing clause
(ii) shall be for the benefit solely of creditors and representatives of creditors of each Guarantor and not for the benefit of such Guarantor or the holders of any equity interest in such Guarantor. 
  
 (c) The guarantee contained in this Section 2.1 (i) shall remain in full
force and effect until all the Borrower Obligations and the obligations of each Guarantor under the guarantee contained in this Section 2.1 have been paid in full, no Letter of Credit is outstanding and all commitments to extend credit under the
Loan Documents have terminated, notwithstanding that from time to time during the term of the Credit Agreement the Borrower may be free from any Borrower Obligations, (ii) unless released as provided in clause (iii) below, shall survive the
repayment of the Loans and Reimbursement Obligations, the termination of commitments to extend credit under the Loan Documents, and the release of the Collateral and remain enforceable as to all Borrower Obligations that survive such repayment,
termination and release and (iii) shall be released when and as set forth in Section 8.15(b). 
  
 (d) No payment made by the Borrower, any of the Guarantors, any other guarantor or any other Person or received or collected by any Secured Party from the Borrower, any of the Guarantors, any other guarantor or any
other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Borrower Obligations shall be deemed to modify, reduce, release or otherwise
affect the liability of any Guarantor hereunder in respect of any other Borrower Obligations then outstanding or thereafter incurred. 
  
 2.2. Reimbursement, Contribution and Subrogation. In case any payment is made on account of the Borrower Obligations by any Grantor or is received
or collected on account of the Borrower Obligations from any Grantor or its property: 
  
 (a) If such payment is made by the Borrower or from its property, the Borrower shall not be entitled (i) to demand or enforce reimbursement or contribution in respect of such payment from any other Grantor or (ii) to
be subrogated to any claim, interest, right or remedy of any Secured Party against any other Person, including any other Grantor or its property. 
  
 (b) If such payment is made by Holdings or from its property or if any payment is made by Holdings or from its property in satisfaction of the
reimbursement right of any Subsidiary Guarantor set forth in Section 2.2(c), such payment shall constitute a contribution by Holdings to the common equity capital of the Borrower and Holdings shall not be entitled (i) to demand or enforce
reimbursement or contribution in respect of such payment from any other Grantor or (ii) to be subrogated to any claim, interest, right or remedy of any Secured Party against any other Person, including any other Grantor or its property. 

 
 (c) If such payment is made by a Subsidiary Guarantor or from its
property, such Subsidiary Guarantor shall be entitled, subject to and upon payment in full of all outstanding Obligations, 

 
discharge of all Letters of Credit and termination of all commitments to extend credit under the Loan Documents, (i) to demand and enforce reimbursement for
the full amount of such payment from the Borrower and from Holdings and (ii) to demand and enforce contribution in respect of such payment from each other Subsidiary Guarantor which has not paid its fair share of such payment, as necessary to ensure
that (after giving effect to any enforcement of reimbursement rights provided hereby) each Subsidiary Guarantor pays its fair share of the unreimbursed portion of such payment. For this purpose, the fair share of each Subsidiary Guarantor as to any
unreimbursed payment shall be determined based on an equitable apportionment of such unreimbursed payment among all Subsidiary Guarantors based on the relative value of their assets (net of their liabilities, other than Obligations) and any other
equitable considerations deemed appropriate by the court. 
  
 (d)
If and whenever any right of reimbursement or contribution becomes enforceable by any Subsidiary Guarantor against any other Grantor under Section 2.2(c), such Subsidiary Guarantor shall be entitled, subject to and upon payment in full of all
outstanding Obligations, discharge of all Letters of Credit and termination of all commitments to extend credit under the Loan Documents to be subrogated (equally and ratably with all other Subsidiary Guarantors entitled to reimbursement or
contribution from any other Grantor under Section 2.2(c)) to any security interest that may then be held by the Administrative Agent upon any Collateral granted to it in this Agreement. To the fullest extent permitted under applicable law, such
right of subrogation shall be enforceable solely against the Grantors, and not against the Secured Parties, and neither the Administrative Agent nor any other Secured Party shall have any duty whatsoever to warrant, ensure or protect any such right
of subrogation or to obtain, perfect, maintain, hold, enforce or retain any Collateral for any purpose related to any such right of subrogation. If subrogation is demanded in writing by any Grantor, then (subject to and upon payment in full of all
outstanding Obligations, discharge of all Letters of Credit and termination of all commitments to extend credit under the Loan Documents) the Administrative Agent shall deliver to the Grantors making such demand, or to a representative of such
Grantors or of the Grantors generally, an instrument reasonably satisfactory to the Administrative Agent transferring, on a quitclaim basis without (to the fullest extent permitted under applicable law) any recourse, representation, warranty or
obligation whatsoever, whatever security interest the Administrative Agent then may hold in whatever Collateral may then exist that was not previously released or disposed of by the Administrative Agent. 
  
 (e) All rights and claims arising under this Section 2.2 or based upon or
relating to any other right of reimbursement, indemnification, contribution or subrogation that may at any time arise or exist in favor of any Grantor as to any payment on account of the Obligations made by it or received or collected from its
property shall be fully subordinated in all respects to the prior payment in full of all of the Obligations. Until payment in full of the Obligations, discharge of all Letters of Credit and termination of all commitments to extend credit under the
Loan Documents, no Grantor shall demand or receive any collateral security, payment or distribution whatsoever (whether in cash, property or securities or otherwise) on account of any such right or claim. If any such payment or distribution is made
or becomes available to any Grantor in any bankruptcy case or receivership, insolvency or liquidation proceeding, such payment or distribution shall be delivered by the person making such payment or distribution directly to the Administrative Agent,
for application to the payment of the Obligations. If any such payment or distribution is received by any Grantor, it shall be held by such Grantor in trust, as trustee of an express trust for the benefit of the Secured Parties, and shall forthwith
be transferred and delivered by such Grantor to the Administrative Agent, in the exact form received and, if necessary, duly endorsed. 
  
 (f) The obligations of the Grantors under the Loan Documents, including their liability for the Obligations and the enforceability of the security
interests granted thereby, are not contingent upon the validity, legality, enforceability, collectibility or sufficiency of any right of reimbursement, contribution or subrogation arising under this Section 2.2. To the fullest extent permitted

 
under applicable law, the invalidity, insufficiency, unenforceability or uncollectibility of any such right shall not in any respect diminish, affect or
impair any such obligation or any other claim, interest, right or remedy at any time held by any Secured Party against any Guarantor or its property. The Secured Parties make no representations or warranties in respect of any such right and shall,
to the fullest extent permitted under applicable law, have no duty to assure, protect, enforce or ensure any such right or otherwise relating to any such right. 
  

(g) Each Grantor reserves any and all other rights of reimbursement, contribution or subrogation at any time available to it as against any other
Grantor, but (i) the exercise and enforcement of such rights shall be subject to this Section 2.2 and (ii) to the fullest extent permitted by applicable law, neither the Administrative Agent nor any other Secured Party shall ever have any duty or
liability whatsoever in respect of any such right. 
  
 2.3.
Amendments, etc. with respect to the Borrower Obligations. To the fullest extent permitted by applicable law, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and
without notice to or further assent by any Guarantor, any demand for payment of any of the Borrower Obligations made by any Secured Party may be rescinded by such Secured Party and any of the Borrower Obligations continued, and the Borrower
Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended,
modified, accelerated, compromised, waived, surrendered or released by any Secured Party, and the Credit Agreement and the other Loan Documents and any other documents executed and delivered in connection therewith may be amended, modified,
supplemented or terminated, in whole or in part, as the Administrative Agent (or the requisite Lenders) may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by any Secured Party for the
payment of the Borrower Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Borrower Obligations or
for the guarantee contained in this Section 2 or any property subject thereto, except to the extent required by applicable law. 
  
 2.4. Guarantee Absolute and Unconditional. To the fullest extent permitted by applicable law, each Guarantor waives any and all notice of the
creation, renewal, extension or accrual of any of the Borrower Obligations and notice of or proof of reliance by any Agent or any Lender upon the guarantee contained in this Section 2 or acceptance of the guarantee contained in this Section 2. The
Borrower Obligations, and each of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section 2. All dealings between the Borrower
and any of the Guarantors, on the one hand, and the Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Section 2. To the fullest extent
permitted by applicable law, each Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Borrower or any of the Guarantors with respect to the Borrower Obligations. Each Guarantor
understands and agrees that the guarantee contained in this Section 2 shall be construed, to the fullest extent permitted by applicable law, as a continuing, absolute and unconditional guarantee of payment without regard to (a) the validity or
enforceability of the Credit Agreement or any other Loan Document, any of the Borrower Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by any Secured
Party, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) which may at any time be available to or be asserted by the Borrower or any other Person against any Secured Party, or (c) any other circumstance
whatsoever (with or without notice to or knowledge of the Borrower or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrower for the Borrower Obligations or of such Guarantor under the
guarantee contained in this 

 
Section 2, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any
Guarantor, any Secured Party may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against the Borrower, any other Guarantor or any other Person or against any collateral
security or guarantee for the Borrower Obligations or any right of offset with respect thereto, and any failure by any Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from the Borrower, any
other Guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of the Borrower, any other Guarantor or any other Person or any such collateral security,
guarantee or right of offset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of any Secured Party against
any Guarantor. For the purposes hereof ”demand” shall include the commencement and continuance of any legal proceedings. 
  
 2.5. Reinstatement. The guarantee contained in this Section 2 shall be reinstated and shall remain in all respects enforceable to the extent that,
at any time, any payment of any of the Borrower Obligations is set aside, avoided or rescinded or must otherwise be restored or returned by any Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower
or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Borrower or any Guarantor or any substantial part of its property, or otherwise, in whole or in part, and
such reinstatement and enforceability shall, to the fullest extent permitted by applicable law, be effective as fully as if such payment had not been made. 
  
 2.6. Payments. Each Guarantor hereby agrees to pay all amounts payable by it under this Section 2 to the Administrative Agent without set-off or
counterclaim in Dollars in immediately available funds at the Funding Office specified in the Credit Agreement. 
  
 SECTION 3. GRANT OF SECURITY INTEREST 
  
 Each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in all of the following property now
owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt
and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations: 
  
 (a) all Accounts; 
  
 (b) all Chattel Paper; 
  
 (c) all Deposit Accounts; 
  
 (d) all Documents; 
  
 (e) all Equipment (whether or not constituting Fixtures); 
  
 (f) all General Intangibles; 
  
 (g) all Instruments; 

 (h) all Intellectual Property, to the extent of each Grantor’s right, title or interest therein
(except for “intent-to-use” applications for trademark or service mark registrations filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, unless and until an Amendment to Allege Use or a Statement of Use under Sections
1(c) and 1(d) of said Act has been filed); 
  
 (i) all Inventory;

  
 (j) all Investment Property; 
  
 (k) all Letter-of-Credit Rights; 
  
 (l) all Money; 
  
 (m) all Vehicles and certificates of title with respect to Vehicles; 
  
 (n) all Commercial Tort Claims identified on Schedule 7 hereto; 

 
 (o) all Capital Stock, Goods, insurance and other personal property not
otherwise described above; 
  
 (p) all Supporting Obligations and
products of any and all of the foregoing and all Guarantee Obligations, Liens and claims supporting, securing or in any respect relating to any of the foregoing; 
  
 (q) all books and records (regardless of medium) pertaining to any of the foregoing; and 
  
 (r) all Proceeds of any of the foregoing; 
  
 provided, that (i) this Agreement shall not constitute a grant of a security interest
in any property to the extent that and for as long as such grant of a security interest (A) is prohibited by any Requirement of Law, (B) requires a filing with or consent from any Governmental Authority pursuant to any Requirement of Law that has
not been made or obtained, or (C) constitutes a breach or default under or results in the termination of, or requires any consent not obtained under, any lease, license or agreement, except to the extent that such Requirement of Law or provisions of
any such lease, license or agreement is ineffective under applicable law or would be ineffective under Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC to prevent the attachment of the security interest granted hereunder or (D) is in
Capital Stock which is specifically excluded from the definition of Pledged Stock by virtue of the proviso to such definition; and (ii) the security interest granted hereby (A) shall attach at all times to all proceeds of such property, (B) shall
attach to such property immediately and automatically (without need for any further grant or act) at such time as the condition described in clause (i) ceases to exist and (C) to the extent severable shall in any event attach to all rights in
respect of such property that are not subject to the applicable condition described in clause (i). 

 SECTION 4. REPRESENTATIONS AND WARRANTIES 
  
 To induce the Agents and the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective
extensions of credit to the Borrower thereunder, each Grantor hereby represents and warrants to each Agent and Lender that: 
  
 4.1. Representations in Credit Agreement. In the case of each Guarantor, the representations and warranties set forth in Section 5 of the Credit
Agreement as they relate to such Guarantor or to the Loan Documents to which such Guarantor is a party, each of which is hereby incorporated herein by reference, are true and correct in all material respects, and each Agent and each Lender shall be
entitled to rely on each of them as if they were fully set forth herein; provided that each reference in each such representation and warranty to the Borrower’s knowledge or Holdings’ knowledge shall, for the purposes of this
Section 4.1, be deemed to be a reference to such Guarantor’s knowledge. 
  
 4.2. Title; No Other Liens. Except for the security interest granted to the Administrative Agent for the benefit of the Secured Parties pursuant to this Agreement and the other Liens permitted to exist on such
Grantor’s Collateral by the Credit Agreement, such Grantor owns each item of Collateral granted by it free and clear of any and all Liens. No financing statement or other public notice with respect to all or any part of the Collateral is on
file or of record in any public office, except such as have been filed in favor of the Administrative Agent, for the benefit of the Secured Parties, pursuant to this Agreement or in respect of Liens that are permitted by the Credit Agreement or any
other Loan Document or for which termination statements will be delivered on the Closing Date. 
  
 4.3. Perfected First Priority Liens. 
  
 (a) Upon completion of the filings and other actions specified on Schedule 4 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Administrative Agent in
completed and, where required, duly executed form), the payment of all applicable fees, the delivery to and continuing possession by the Administrative Agent of all Certificated Securities, all Instruments, all Tangible Chattel Paper and all
Documents a security interest in which is perfected by possession, and the obtaining and maintenance of “control” (as described in the Uniform Commercial Code as in effect in the applicable jurisdiction) by the Administrative Agent of all
Deposit Accounts, the Collateral Accounts, all Securities Accounts, all Electronic Chattel Paper, Letter of Credit Rights, all Uncertificated Securities and all Securities Accounts, in each case a security interest in which is perfected by such
“control”, the security interests granted in Section 3 will constitute valid perfected security interests in all of the Collateral (except for Excluded Perfection Assets) in favor of the Administrative Agent, for the benefit of the Secured
Parties, as collateral security for such Grantor’s Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any such Collateral from such Grantor other than
Ordinary Course Transferees, except as (x) enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable
principles (whether enforcement is sought by proceedings in equity or at law) or by an implied covenant of good faith and fair dealing, and (y) to the extent that the recording or an assignment or other transfer of title to the Administrative Agent
or the recording of other applicable documents in the United States Patent and Trademark Office or the United States Copyright Office may be necessary for enforceability, and is and will be prior to all other Liens on such Collateral except for
Liens permitted by the Credit Agreement which have priority over the Liens on such Collateral by operation of law. Without limiting the foregoing and except as otherwise permitted or provided in Section 5 hereof, each Grantor has taken all actions
necessary or desirable to: (i) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any portion of the Investment Property constituting Certificated Securities,
Uncertificated Securities, Securities Accounts, Securities Entitlements or Commodity Accounts (each as defined in the UCC), (ii) establish the Administrative Agent’s “control” (within the meaning of Section 9-104 of the UCC) over all
Deposit Accounts of such Grantor, (iii) establish the Administrative Agent’s “control” (within the meaning of Section 9-107 of the UCC) over all Letter of Credit Rights of such Grantor, (iv) establish the Administrative Agent’s
control (within the meaning of Section 9-105 of the UCC) over all Electronic Chattel Paper of such Grantor and (v) establish the Administrative Agent’s “control” (as defined in UETA) over all “transferable records” (as
defined in UETA) of such Grantor. 

 (b) Each Grantor consents to the grant by each other Grantor of the security interests granted hereby and
the transfer of any Capital Stock or Investment Property to the Administrative Agent or its designee following an Event of Default and to the substitution of the Administrative Agent or its designee or the purchaser upon any foreclosure sale as the
holder and beneficial owner of the interest represented thereby. 
  
 4.4. Jurisdiction of Organization; Chief Executive Office. On the date hereof, such Grantor’s exact legal name, jurisdiction of organization, identification number from the jurisdiction of organization (if any), and the location
of such Grantor’s chief executive office or sole place of business or principal residence, as the case may be, are specified on Schedule 3. On the date hereof, such Grantor is organized solely under the law of the jurisdiction so specified and
has not filed any certificates of domestication, transfer or continuance in any other jurisdiction. Except as otherwise indicated on Schedule 3, the jurisdiction of such Grantor’s organization or formation is required to maintain a public
record showing the Grantor to have been organized or formed. On the date hereof, except as specified on Schedule 3, such Grantor has not changed its name, jurisdiction of organization, chief executive office or sole place of business or its
corporate or organizational form in any way (e.g. by merger, consolidation, change in corporate form or otherwise) within the past five years and has not within the last five years become bound (whether as a result of merger or otherwise) as grantor
under a security agreement entered into by another person, which (x) has not heretofore been terminated or (y) is in respect of a Lien that is not permitted by the Credit Agreement. Such Grantor has furnished to the Administrative Agent its
Organizational Documents as in effect as of a date which is recent to the date hereof. 
  
 4.5. Inventory and Equipment. 
  
 (a) On the date hereof Schedule 5 sets forth all locations where any Inventory and Equipment (other than mobile goods) in excess of $100,000 in value are kept. 
  
 (b) All Inventory now or hereafter produced by any Grantor included in the Collateral has been and will be produced in
compliance with the requirements of the Fair Labor Standards Act, as amended. 
  
 (c) Except as specifically indicated on Schedule 5, to the knowledge of such Grantor none of the Inventory or Equipment of such Grantor with a value in excess of $100,000 is in possession of a bailee. 
  
 4.6. Farm Products. None of the Collateral constitutes, or is the
Proceeds of, Farm Products. 
  
 4.7. Pledged Stock and Pledged
Notes. 
  
 (a) The shares of Pledged Stock pledged by such
Grantor hereunder constitute all the issued and outstanding shares of all classes of the Capital Stock of each Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Stock, if less, 65% of the outstanding Foreign Subsidiary Voting
Stock of each relevant Issuer. 
  
 (b) All the shares of the
Pledged Stock pledged by such Grantor hereunder have been duly and validly issued and are fully paid and nonassessable. 

 (c) To such Grantor’s knowledge, each of the Pledged Notes constitutes the legal, valid and binding
obligation of the obligor with respect thereto, enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting
creditors’ rights generally and general equitable principles (whether considered in a proceeding in equity or at law). 
  
 (d) Such Grantor is the record and beneficial owner of, and has good and valid title to, the Pledged Stock and Pledged Notes pledged by it hereunder, free
of any and all Liens or options in favor of, or claims of, any other Person, except the security interest created by this Agreement and Liens permitted by the Credit Agreement. 
  
 (e) The Organizational Documents applicable to each interest in any domestic partnership or limited liability company
included in the Collateral expressly provide that they are securities governed by Article 8 of the Uniform Commercial Code. 
  
 4.8. Receivables. The amounts represented by such Grantor to the Administrative Agent or the other Secured Parties from time to time as owing to
such Grantor in respect of such Grantor’s Receivables will at such time be the correct amount, in all material respects, actually owing thereunder, except to the extent that appropriate reserves therefor have been established on the books of
such Grantor in accordance with GAAP. 
  
 4.9. Intellectual
Property. 
  
 (a) Schedule 6 lists all Patents, registrations
and applications to register Trademarks and registered Copyrights owned by such Grantor in its own name on the date hereof. Except as set forth in Schedule 6, such Grantor is the exclusive owner of the entire and unencumbered right, title and
interest in and to such applications, registrations and issuances. 
  
 (b) On the date hereof, all Intellectual Property of such Grantor described on Schedule 6 is subsisting and unexpired and, to the knowledge of such Grantor, has not been abandoned and is valid and enforceable. Except as would not reasonably
be expected to have a Material Adverse Effect, to the knowledge of such Grantor, neither the operation of such Grantor’s business as currently conducted nor the use of the Intellectual Property in connection therewith conflicts with, infringes,
misappropriates, dilutes, misuses or otherwise violates the Intellectual Property rights of any other Person. 
  
 (c) Except as set forth in Schedule 6, on the date hereof, (i) none of the material patents, trademarks, copyrights and trade secrets owned by any Grantor
is the subject of any licensing or franchise agreement pursuant to which such Grantor is the licensor or franchisor and (ii) there are no other material agreements, obligations, orders or judgments to which such Grantor is subject which affect the
use of any Intellectual Property owned by such Grantor. 
  
 (d)
The rights of such Grantor in or to the Patents, Trademarks, Copyrights and Trade Secrets owned by such Grantor do not conflict with or infringe upon the rights of any third party, and no claim has been asserted that the use of such Intellectual
Property does or may infringe upon the rights of any third party, in either case, which conflict or infringement would reasonably be expected to have a Material Adverse Effect. There is currently no infringement or unauthorized use of any item of
such Intellectual Property owned by such Grantor that, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

 (e) No holding, decision or judgment has been rendered by any Governmental Authority which would limit,
cancel or question the validity or enforceability of, or such Grantor’s rights in, any Patent, Trademark, Copyright or Trade Secret owned by such Grantor in any respect that would reasonably be expected to have a Material Adverse Effect. Such
Grantor is not aware of any uses of any item of such Intellectual Property owned by such Grantor that could reasonably be expected to lead to such item becoming invalid or unenforceable including unauthorized uses by third parties and uses which
would reasonably be expected to damage the goodwill of the business associated with any of the Trademarks owned by such Grantor and Trademark Licenses, which uses, either individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect. 
  
 (f) No action or proceeding is
pending, or, to the knowledge of such Grantor, threatened, on the date hereof seeking to limit, cancel or question the validity of any material Patent, Trademark, Copyright or Trade Secret owned by such Grantor or such Grantor’s ownership
interest therein, which, if adversely determined, would have a Material Adverse Effect on the value of any Intellectual Property. Except as would not reasonably be expected to have a Material Adverse Effect, the consummation of the transactions
contemplated by this Agreement will not result in the termination or impairment of any of the Intellectual Property owned or licensed by such Grantor. 
  
 (g) With respect to each Copyright License, Trademark License and Patent License, except as would not reasonably be expected to have a Material Adverse
Effect: (i) such license is valid and binding and in full force and effect and represents the entire agreement between the respective licensor and licensee with respect to the subject matter of such license; (ii) such Grantor has not received any
notice of termination or cancellation under such license; (iii) such Grantor has not received any notice of a breach or default under such license, which breach or default has not been cured; and (iv) such Grantor is not in breach or default in any
material respect, and no event has occurred that, with notice and/or lapse of time, would constitute such a breach or default or permit termination, modification or acceleration under such license. 
  
 (h) To the extent such Grantor has reasonably determined that it is
commercially practicable to do so, such Grantor has used proper statutory notice in connection with its use of each material Patent, Trademark and Copyright owned by such Grantor. 
  
 (i) Such Grantor has taken commercially reasonable steps to protect the confidentiality of its Trade Secrets in accordance
with industry standards. 
  
 (j) Such Grantor has made all
material filings and recordations and paid all fees necessary in its reasonable business judgment to adequately protect its interest in its United States Patents, Trademarks and Copyrights and material non-United States Patents, Trademarks and
Copyrights owned by such Grantor including recordation of its interests in the material Patents and Trademarks owned by such Grantor with the United States Patent and Trademark Office and in similar offices or agencies in other countries and groups
of countries, and recordation of any of its interests in the Copyrights owned by such Grantor with the United States Copyright Office and in similar offices or agencies in other countries and groups of countries. 
  
 SECTION 5. COVENANTS 
  
 Each Grantor covenants and agrees with the Agents and Lenders that, from and
after the date of this Agreement until the Collateral is released pursuant to Section 8.15(a): 
  
 5.1. Covenants in Credit Agreement. Such Grantor shall take, or refrain from taking, as the case may be, each action that is necessary to be taken
or not taken, so that no breach of the covenants in the Credit Agreement pertaining to actions to be taken, or not taken, by such Grantor will result. 

 5.2. Delivery and Control of Instruments, Certificated Securities, Chattel Paper, Negotiable
Documents, Investment Property and Letter of Credit Rights. 
  
 (a) If any of the Collateral of such Grantor is or shall become evidenced or represented by any Instrument, Negotiable Document or Tangible Chattel Paper, upon the request of the Administrative Agent such Instrument, Negotiable Documents or
Tangible Chattel Paper shall be immediately delivered to the Administrative Agent, duly indorsed in a manner reasonably satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement. 
  
 (b) If any of the Collateral of such Grantor is or shall become
“Electronic Chattel Paper” such Grantor shall ensure that (i) a single authoritative copy exists which is unique, identifiable, unalterable (except as provided in clauses (iii), (iv) and (v) of this paragraph), (ii) such authoritative copy
identifies the Administrative Agent as the assignee and is communicated to and maintained by the Administrative Agent or its designee, (iii) copies or revisions that add or change the assignee of the authoritative copy can only be made with the
participation of the Administrative Agent, (iv) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy and not the authoritative copy and (v) any revision of the authoritative copy is readily identifiable as an
authorized or unauthorized revision. 
  
 (c) If any of the
Collateral of such Grantor is or shall become evidenced or represented by an Uncertificated Security in excess of $500,000, upon the request of the Administrative Agent, such Grantor shall cause the issuer thereof either (i) to register the
Administrative Agent as the registered owner of such Uncertificated Security, upon original issue or registration of transfer or (ii) to promptly (but in any event with in 60 days of such request) agree in writing with such Grantor and the
Administrative Agent that such Issuer will comply with instructions with respect to such Uncertificated Security originated by the Administrative Agent without further consent of such Grantor, such agreement to be in form and substance reasonably
satisfactory to the Administrative Agent. 
  
 (d) Except as
otherwise provided in Section 7.13 of the Credit Agreement, such Grantor shall maintain Securities Entitlements, Securities Accounts and Deposit Accounts (other than with respect all of the Grantors, (x) Deposit Accounts maintained outside the
United States with a combined aggregate balance at any time outstanding of less than $250,000, (y) Securities Accounts or Deposit Accounts maintained within the United States with an individual aggregate balance or value, as applicable, at any time
of less than $200,000 and a combined aggregate balance or value, as applicable, at any time of less than $1,000,000) only with financial institutions that have agreed to comply with entitlement orders and instructions issued or originated by the
Administrative Agent without further consent of such Grantor, such agreement to be in form and substance reasonably satisfactory to the Administrative Agent. 
  
 (e) if any of the Collateral of such Grantor is or shall become evidenced or represented by any Certificated Security (other than any Capital Stock which
is specifically excluded from the definition of Pledged Stock by virtue of the proviso to such definition and any promissory note that does not qualify as a Pledged Note pursuant to the definition thereof), such Certificated Security shall be
promptly delivered to the Administrative Agent, duly indorsed in a manner reasonably satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement. 
  
 (f) In addition to and not in lieu of the foregoing, if any issuer of any Investment Property is organized under the law of,
or has its chief executive office in, a jurisdiction outside of the 

 
United States, each Grantor shall take such additional actions, including causing the issuer to register the pledge on its books and records, as may be
reasonably requested by the Administrative Agent, under the laws of such jurisdiction to insure the validity, perfection and priority of the security interest of the Administrative Agent. 
  
 (g) In the case of any Letter-of-Credit Rights in any letter of credit exceeding $250,000 in value, upon the reasonable
request of the Administrative Agent, each Grantor shall promptly (but in any event with in 60 days of such request or such later date to which the Administrative Agent may consent in writing) obtain the consent of the issuer thereof and any
nominated person thereon to the assignment of the proceeds of the related letter of credit in accordance with Section 5-114(c) of the New York UCC, pursuant to an agreement in form and substance reasonably satisfactory to the Administrative Agent.

  
 (h) If any of the Collateral of such Grantor is or shall
become “transferable records” as defined in UETA, such Grantor shall promptly notify the Administrative Agent thereof and, at the request of the Administrative Agent, shall take such action as the Administrative Agent may reasonably
request to vest in the Administrative Agent “control” under Section 16 of UETA over such transferable records. The Administrative Agent agrees with such Grantor that the Administrative Agent will arrange, pursuant to procedures reasonably
satisfactory to the Administrative Agent and so long as such procedures will not result in the Administrative Agent’s loss of control, for the Grantor to make alterations to the transferable records permitted under Section 16 of UETA for a
party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such transferable records 
  
 5.3. Maintenance of Insurance. 
  
 (a) Such Grantor will maintain, with financially sound and reputable
companies, insurance policies (i) insuring the Collateral against loss by fire, explosion, theft or other risks as may be required by the Credit Agreement and (ii) naming the Administrative Agent on behalf of the Secured Parties as additional
insureds under liability insurance policies to the extent reasonably requested by the Administrative Agent. 
  
 (b) All such insurance shall (i) provide that no cancellation, material reduction in amount or material change in coverage thereof shall be effective
until at least 30 days after receipt by the Administrative Agent of written notice thereof and (ii) name the Administrative Agent as additional insured party and/or loss payee in respect of property and business interruption insurance. All proceeds
of business and interruption insurance received by the Administrative Agent shall be released by the Administrative Agent to the Borrower for account of the Grantor entitled thereto, unless (i) an Event of Default has occurred and is continuing or
(ii) otherwise provided in the Credit Agreement. 
  
 5.4.
Payment of Obligations. Such Grantor will pay and discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all material taxes and other material assessments and governmental charges or levies
imposed upon such Grantor’s Collateral or in respect of income or profits therefrom, as well as all claims of any kind (including claims for labor, materials and supplies) against or with respect to such Grantor’s Collateral, except such
claims as to which the failure to pay or discharge would not reasonably be expected to result in a Material Adverse Effect. 

 5.5. Maintenance of Perfected Security Interest; Further Documentation. 
  
 (a) Such Grantor shall maintain the security interest created by this
Agreement in such Grantor’s Collateral as a security interest having at least the perfection and priority described in Section 4.3 and shall defend such security interest against the claims and demands of all Persons whomsoever, subject to the
rights of such Grantor under the Loan Documents to dispose of the Collateral. 
  
 (b) Such Grantor will furnish to the Administrative Agent from time to time statements and schedules further identifying and describing the assets and property of such Grantor in reasonable detail and such other
reports in connection therewith as the Administrative Agent may reasonably request. 
  
 (c) At any time and from time to time, upon the written request of the Administrative Agent, and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver, and have recorded, such
further instruments and documents and take such further actions as the Administrative Agent may reasonably request for the purpose of creating, perfecting, ensuring the priority of, protecting or enforcing the Administrative Agent’s security
interest in the Collateral or otherwise conferring or preserving the full benefits of this Agreement and of the interests, rights and powers herein granted. 
  
 5.6. Changes in Locations, Name, etc. Such Grantor will not, except upon not less than 30 days’ prior written notice to the Administrative
Agent and delivery to the Administrative Agent of (a) all additional financing statements and other documents (executed where appropriate) reasonably requested by the Administrative Agent to maintain the validity, perfection and priority of the
security interests provided for herein and (b) if applicable, a written supplement to Schedule 5 showing any additional location at which Inventory or Equipment shall be kept: 
  
 (i) change its jurisdiction of organization or the location of its chief executive office or sole place of
business or principal residence from that referred to in Section 4.4; 
  
 (ii) change its name; or 
  
 (iii) permit any Inventory or Equipment (other than mobile goods) in excess of $250,000 in value to be kept at a location other than those listed on Schedule 5. 
  
 5.7. Notices. Such Grantor will advise the Administrative Agent and
the Lenders promptly, in reasonable detail, of: 
  
 (a) any Lien (other than security interests created hereby or Liens permitted under the Credit Agreement) on any of the Collateral which would adversely affect the ability of the Administrative Agent to exercise any of its remedies
hereunder; and 
  
 (b) the occurrence of any
other event which would reasonably be expected to have a material adverse effect on the aggregate value of the Collateral or on the security interests created hereby. 
  
 5.8. Investment Property. 
  

(a) If such Grantor shall become entitled to receive or shall receive any stock certificate (including any certificate representing a stock dividend or
a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Capital Stock of any Issuer, whether in addition to, in

 
substitution of, as a conversion of, or in exchange for, any shares of the Pledged Stock, or otherwise in respect thereof, such Grantor shall accept the same
as the agent of the Secured Parties, hold the same in trust for the Secured Parties and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by such Grantor to the Administrative Agent, if required,
together with an undated stock power or equivalents covering such certificate duly executed in blank by such Grantor and with, if the Administrative Agent so requests, signature guaranteed, to be held by the Administrative Agent, subject to the
terms hereof, as additional collateral security for the Obligations; provided, that in no event shall there be pledged more than 65% of any of the outstanding Foreign Subsidiary Voting Stock of any Foreign Subsidiary. Unless permitted to be
retained pursuant to the Credit Agreement, any sums paid upon or in respect of the Investment Property upon the liquidation or dissolution of any Issuer shall be paid over to the Administrative Agent (unless otherwise agreed in the Credit Agreement)
to be held by it hereunder as additional collateral security for the Obligations, and in case any distribution of capital shall be made on or in respect of the Investment Property or any property shall be distributed upon or with respect to the
Investment Property pursuant to the recapitalization or reclassification of the capital of any Issuer or pursuant to the reorganization thereof, the property so distributed shall, unless otherwise subject to a perfected security interest in favor of
the Administrative Agent, be delivered to the Administrative Agent to be held by it hereunder as additional collateral security for the Obligations. If any sums of money or property so paid or distributed in respect of the Investment Property shall
be received by such Grantor, such Grantor shall, until such money or property is paid or delivered to the Administrative Agent, hold such money or property in trust for the Secured Parties, segregated from other funds of such Grantor, as additional
collateral security for the Obligations. 
  
 (b) Without the prior
written consent of the Administrative Agent, such Grantor will not, except as permitted by the Credit Agreement, (i) vote to enable, or take any other action to permit, any Issuer of Pledged Stock to issue any stock or other equity securities of any
nature or to issue any other securities convertible into or granting the right to purchase or exchange for any stock or other equity securities of any nature of any Issuer, (ii) sell, assign, transfer, exchange, or otherwise dispose of, or grant any
option with respect to, the Investment Property or Proceeds thereof, (iii) create, incur or permit to exist any Lien or option in favor of, or any claim of any Person with respect to, any of the Investment Property or Proceeds thereof, or any
interest therein, except for the security interests created by this Agreement or Liens permitted by the Credit Agreement or (iv) enter into any agreement or undertaking restricting the right or ability of such Grantor or the Administrative Agent to
sell, assign or transfer any of the Investment Property or Proceeds thereof (unless such restriction is permitted by the Credit Agreement). 
  
 (c) In the case of each Grantor which is an Issuer, such Grantor agrees that (i) it will be bound by the terms of this Agreement relating to the
Investment Property issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Administrative Agent promptly in writing of the occurrence of any of the events described in Section 5.8(a) with
respect to the Investment Property issued by it and (iii) it will take all actions required or reasonably requested by the Administrative Agent to enable or permit each Grantor to comply with Sections 6.3(c) and 6.7 as to all Investment Property
issued by it. 
  
 5.9. Receivables. 
  
 (a) Other than in the ordinary course of business or as permitted by the
Loan Documents, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the
payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that would materially adversely affect the value of the Receivables constituting Collateral
taken as a whole. 

 (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or
document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables. 
  
 5.10. Intellectual Property. (a) Except as permitted in the Credit Agreement: 
  
 (i) With respect to each material Trademark owned by such
Grantor, such Grantor (either itself or through licensees) will take all reasonably necessary steps to (i) continue to use such Trademark on each and every trademark class of goods applicable to its current line as reflected in its current catalogs,
brochures and price lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under such Trademark and take all reasonably
necessary steps to ensure that all licensed users of such Trademark maintain as in the past such quality, (iii) not adopt or use any mark which is confusingly similar or a colorable imitation of such Trademark unless the Administrative Agent, for
the benefit of the Agents and the Lenders, shall obtain a perfected security interest in such mark (if a United States mark) pursuant to this Agreement, and (iv) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly
omit to do any act whereby such Trademark may become invalidated or impaired in any material respect. 
  
 (ii) Such Grantor (either itself or through licensees) will not do any act, or knowingly omit to do any act, whereby any material Patent
may become forfeited, abandoned or dedicated to the public. 
  
 (iii) Such Grantor (either itself or through licensees) will not (and will not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any material Copyright owned by such
Grantor may become invalidated or otherwise impaired. 
  
 (iv) Such Grantor (either itself or through licensees) will not do any act that knowingly uses any material Intellectual Property to infringe the intellectual property rights of any other Person. 
  
 (v) To the extent such Grantor has reasonably determined
that it is commercially practicable to do so, such Grantor (either itself or through licensees) will use proper statutory notice in connection with the use of each material Patent, Trademark and Copyright owned by such Grantor. 
  
 (vi) Such Grantor will notify the Administrative Agent and
the Lenders promptly if it knows, or has reason to know, that any application or registration relating to any material Patent, Trademark or Copyright of such Grantor may become forfeited, abandoned or dedicated to the public, or of any material
adverse determination or development (including the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, the United States Copyright Office or any court or tribunal in any
country) regarding such Grantor’s ownership of, or the validity of, any material Patent, Trademark or Copyright owned by such Grantor or such Grantor’s right to register the same or to own and maintain the same. 

 (vii) Such Grantor will take all reasonable and necessary steps, including in any
proceeding before the United States Patent and Trademark Office, the United States Copyright Office or any similar office or agency in any other country or group of countries or any political subdivision of any of the foregoing, to maintain and
pursue each application (and to obtain the relevant registration) and to maintain each registration of the material Patents, Trademarks and Copyrights owned by such Grantor, including the payment of required fees and taxes, the filing of responses
to office actions issued by the United States Patent and Trademark Office and the United States Copyright Office, the filing of applications for renewal or extension, the filing of affidavits of use and affidavits of incontestability, the filing of
divisional, continuation, continuation-in-part, reissue, and renewal applications or extensions, the payment of maintenance fees, and the participation in interference, reexamination, opposition, cancellation, infringement and misappropriation
proceedings. 
  
 (viii) Such Grantor (either
itself or through licensees) will not, without the prior written consent of the Administrative Agent, such consent not to be unreasonably withheld, discontinue use of or otherwise abandon any Intellectual Property, or abandon any application or any
right to file an application for letters patent, trademark, or copyright, unless such Grantor shall have previously determined that such use or the pursuit or maintenance of such Intellectual Property is no longer desirable in the conduct of such
Grantor’s business and that the loss thereof could not reasonably be expected to have a Material Adverse Effect and, in which case, such Grantor shall give prompt notice of any such abandonment to the Administrative Agent in accordance
herewith. 
  
 (ix) In the event that any material
Intellectual Property is infringed, misappropriated or diluted by a third party, such Grantor shall (i) take such actions as such Grantor shall reasonably deem appropriate under the circumstances to protect such Intellectual Property and (ii) if
such Intellectual Property is of material economic value, promptly notify the Administrative Agent after it learns thereof and, following consultation with the Administrative Agent, shall take such actions as it deems reasonable, which may include
suing for infringement, misappropriation or dilution, seeking injunctive relief where appropriate and seeking to recover any and all damages for such infringement, misappropriation or dilution. 
  
 (x) Such Grantor shall take all steps reasonably necessary
to protect the secrecy of all material Trade Secrets of such Grantor. 
  
 (b) After the date hereof, whenever such Grantor (i) shall acquire any Patent, Trademark or Copyright or (ii) either by itself or through any agent, employee, licensee or designee, shall file an application for the registration of any
Patent, Trademark or Copyright owned by such Grantor with the United States Patent and Trademark Office, the United States Copyright Office or any similar office or agency in any other country or any political subdivision thereof, such Grantor shall
report such acquisition or filing to the Administrative Agent within 90 days after the last day of the fiscal year in which such filing occurs. Such Grantor agrees that the provisions of Section 3 shall automatically apply to such Intellectual
Property. 
  
 (c) Such Grantor agrees (i) to execute an
Intellectual Property Security Agreement with respect to certain of its Intellectual Property in substantially the form of Annex III in order to record the security interest granted herein to the Administrative Agent for the benefit of the Secured
Parties with the United States Patent and Trademark Office or the United States Copyright Office and (ii) to provide to the Administrative Agent, within 90 days after the last day of the fiscal year in which any Intellectual Property registered in
such offices is acquired or registered by such Grantor, all documents necessary to record the security interest of the Administrative Agent in such Intellectual Property with such offices. 

 (d) Upon the reasonable request of the Administrative Agent, such Grantor shall execute and deliver, and
use its best efforts to cause to be filed, registered or recorded, any and all agreements, instruments, documents, and papers which the Administrative Agent may reasonably request to evidence, register, record or perfect the Administrative
Agent’s security interest in any Copyright, Patent or Trademark and the goodwill and general intangibles of such Grantor relating thereto or represented thereby, in any office anywhere in the world in which filing, registration or recorded may
be appropriate, except that (so long as no Default has occurred and is continuing) the Administrative Agent shall not request such filing, registration or recording in any office in any jurisdiction outside of the United States in which the Group
Members had, during the preceding 12-month period, net sales constituting less than 10% of the consolidated worldwide net sales of the Group Members. 
  
 5.11. Vehicles. Grantor will cause the Administrative Agent’s security interest in each Vehicle having a value greater than $100,000 to be
duly perfected, by notation on the certificate of title or as otherwise required by applicable law, within 30 days after such security interest attaches to such Vehicle. 
  
 SECTION 6. REMEDIAL PROVISIONS 
  
 6.1. Certain Matters Relating to Receivables. 
  
 (a) The Administrative Agent shall have the right to make test verifications of the Receivables in any manner and through any medium that it reasonably
considers advisable, and each Grantor shall furnish all such assistance and information as the Administrative Agent may reasonably require in connection with such test verifications. At any time and from time to time, upon the Administrative
Agent’s reasonable request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others reasonably satisfactory to the Administrative Agent to furnish to the Administrative Agent reports showing
reconciliations, aging and test verifications of, and trial balances for, the Receivables. 
  
 (b) The Administrative Agent hereby authorizes each Grantor to collect such Grantor’s Receivables, and the Administrative Agent may curtail or terminate said authority at any time after the occurrence and during
the continuance of an Event of Default. If required by the Administrative Agent at any time after the occurrence and during the continuance of an Event of Default, any payments of Receivables, when collected by any Grantor, (i) shall be forthwith
(and, in any event, within two Business Days of receipt by such Grantor) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Administrative Agent if required, in a Collateral Account maintained under the sole
dominion and control of the Administrative Agent, subject to withdrawal by the Administrative Agent for the account of the Secured Parties only as provided in Section 6.5, and (ii) until so turned over, shall be held by such Grantor in trust for the
Administrative Agent and the Secured Parties, segregated from other funds of such Grantor. If so requested by the Administrative Agent, each such deposit of Proceeds of Receivables shall be accompanied by a report identifying in reasonable detail
the nature and source of the payments included in the deposit. 
  
 (c) At any time and from time to time after the occurrence and during the continuation of an Event of Default, if so requested by the Administrative Agent, each Grantor shall deliver to the Administrative Agent all original and other
documents evidencing, and relating to, the agreements and transactions which gave rise to the Receivables, including all original orders, invoices and shipping receipts. 

 6.2. Communications with Obligors; Grantors Remain Liable. 
  
 (a) The Administrative Agent in its own name or in the name of others may at
any time after the occurrence and during the continuance of an Event of Default communicate with obligors under the Receivables to verify with them to the Administrative Agent’s satisfaction the existence, amount and terms of any Receivables.

  
 (b) At any time after the occurrence and during the
continuance of an Event of Default, the Administrative may (and each Grantor at the request of the Administrative Agent shall) notify obligors on the Receivables that the Receivables have been assigned to the Administrative Agent for the benefit of
the Secured Parties and that payments in respect thereof shall be made directly to the Administrative Agent. 
  
 (c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each of such Grantor’s Receivables to observe and perform
all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. No Secured Party shall have any obligation or liability under any Receivable (or any agreement
giving rise thereto) by reason of or arising out of this Agreement or the receipt by any Secured Party of any payment relating thereto, nor shall any Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or
pursuant to any Receivable (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party thereunder, to
present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 
  
 6.3. Investment Property. 
  
 (a) Unless an Event of Default has occurred and is continuing and the
Administrative Agent has given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its rights pursuant to Section 6.3(b), each Grantor may receive all cash dividends paid in respect of the Pledged Stock and all
payments made in respect of the Pledged Notes, in each case paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and may exercise all voting and corporate or other organizational rights with
respect to Investment Property; provided, that no vote shall be cast or corporate or other organizational right exercised or other action taken (other than in connection with a transaction permitted by the Credit Agreement) which would impair
the Collateral or be inconsistent with or result in any violation of any provision of any Loan Document. 
  
 (b) If an Event of Default shall occur and be continuing and the Administrative Agent shall give notice of its intent to exercise such rights to the
relevant Grantor or Grantors, (i) the Administrative Agent shall have the right to receive any and all cash dividends, payments or other Proceeds paid in respect of the Investment Property and make application thereof to the Obligations in the order
set forth in Section 6.5, and (ii) any or all of the Investment Property shall be registered in the name of the Administrative Agent or its nominee, and the Administrative Agent or its nominee may thereafter exercise (A) all voting, corporate and
other rights pertaining to such Investment Property at any meeting of shareholders of the relevant Issuer or Issuers or otherwise and (B) any and all rights of conversion, exchange and subscription and any other rights, privileges or options
pertaining to such Investment Property as if it were the absolute owner thereof (including the right to exchange at its discretion any and all of the Investment Property upon the merger, consolidation, reorganization, recapitalization or other

 
fundamental change in the corporate or other organizational structure of any Issuer, or upon the exercise by any Grantor or the Administrative Agent of any
right, privilege or option pertaining to such Investment Property, and in connection therewith, the right to deposit and deliver any and all of the Investment Property with any committee, depositary, transfer agent, registrar or other designated
agency upon such terms and conditions as the Administrative Agent may reasonably determine), all without liability except to account for property actually received by it, but the Administrative Agent shall have no duty to any Grantor to exercise any
such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing; provided, that the Administrative Agent shall not exercise any voting or other consensual rights pertaining to any such Investment in
a manner that constitutes an exercise of the remedies described in Section 6.6 other than in accordance with Section 6.6. 
  
 (c) Each Grantor hereby authorizes and instructs each Issuer of any Investment Property pledged by such Grantor hereunder to (i) comply with any
instruction received by it from the Administrative Agent in writing that (A) states that an Event of Default has occurred and is continuing and (B) is otherwise in accordance with the terms of this Agreement, without any other or further
instructions from such Grantor, and each Grantor agrees that each Issuer shall be fully protected in so complying, and (ii) after receipt by an Issuer or obligor of any instructions pursuant to Section 6.3(c)(i) hereof, pay any dividends or other
payments with respect to the Investment Property directly to the Administrative Agent. 
  
 6.4. Proceeds to be Turned Over to Administrative Agent. In addition to the rights of the Agents and the Lenders specified in Section 6.1 with respect to payments of Receivables, if an Event of Default shall
occur and be continuing and the Administrative Agent has instructed any Grantor to do so, all Proceeds received by such Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Agents and the
Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative
Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in
a Collateral Account (or by such Grantor in trust for the Administrative Agent and the Lenders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section
6.5. 
  
 6.5. Application of Proceeds. If and whenever any
Event of Default has occurred and is continuing, the Administrative Agent may apply all or any part of Proceeds constituting Collateral, whether or not held in any Collateral Account, in payment of the Obligations in such order as may be required by
the Credit Agreement and otherwise as the Administrative Agent may elect. Any balance of such Proceeds remaining after the Obligations have been paid in full, all Letters of Credit are discharged and all commitments to extend credit under the Loan
Documents have terminated shall be paid over to the Borrower or to whomsoever may be lawfully entitled to receive the same. 
  
 6.6. Code and Other Remedies. If an Event of Default shall occur and be continuing, the Administrative Agent may exercise, in addition to all other
rights and remedies granted to it in this Agreement and in any other Loan Document, all rights and remedies of a secured party under the New York UCC or any other applicable law or in equity. Without limiting the generality of the foregoing, to the
fullest extent permitted by applicable law, the Administrative Agent, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any
Grantor or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may
forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part 

 
thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office
of any Agent or any Lender or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. Any Agent or any Lender shall
have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Grantor, which
right or equity is hereby waived and released. Each Grantor further agrees, at the Administrative Agent’s request, to assemble the Collateral and make it available to the Administrative Agent at places which the Administrative Agent shall
reasonably select, whether at such Grantor’s premises or elsewhere. The Administrative Agent shall apply the net proceeds of any action taken by it pursuant to this Section 6.6, after deducting all reasonable costs and expenses of every kind
incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of the Administrative Agent and the Lenders hereunder, including reasonable attorneys’
fees and disbursements, to the payment in whole or in part of the Obligations, in such order as may be required by the Credit Agreement and otherwise as the Administrative Agent may elect, and only after such application and after the payment by the
Administrative Agent of any other amount required by any provision of law, including Section 9-615(a)(3) of the New York UCC, need the Administrative Agent account for the surplus, if any, to any Grantor. To the extent permitted by applicable law,
each Grantor waives all claims, damages and demands it may acquire against any Secured Party arising out of the exercise of any rights hereunder other than any such claims, damages and demands that may arise from the gross negligence or willful
misconduct of such Secured Party. If any notice of a proposed sale or other disposition of Collateral is required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition. 

 
 6.7. Registration Rights. 
  
 (a) If the Administrative Agent shall determine to exercise its right to
sell any or all of the Pledged Stock pursuant to Section 6.6, and if in the reasonable opinion of the Administrative Agent it is necessary or reasonably advisable to have the Pledged Stock, or that portion thereof to be sold, registered under the
provisions of the Securities Act, the relevant Grantor will use its best efforts to cause the Issuer thereof to (i) execute and deliver, and use its best efforts to cause the directors and officers of such Issuer to execute and deliver, all such
instruments and documents, and do or cause to be done all such other acts as may be, in the reasonable opinion of the Administrative Agent, necessary or reasonably advisable to register the Pledged Stock, or that portion thereof to be sold, under
the provisions of the Securities Act, (ii) use its best efforts to cause the registration statement relating thereto to become effective and to remain effective for a period of one year from the date of the first public offering of the Pledged
Stock, or that portion thereof to be sold, and (iii) make all amendments thereto and/or to the related prospectus which, in the reasonable opinion of the Administrative Agent, are necessary or reasonably advisable, all in conformity with the
requirements of the Securities Act and the rules and regulations of the Securities and Exchange Commission applicable thereto. Each Grantor agrees to use its best efforts to cause such Issuer to comply with the provisions of the securities or
“Blue Sky” laws of any and all jurisdictions which the Administrative Agent shall reasonably designate and to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which will
satisfy the provisions of Section 11(a) of the Securities Act. 
  
 (b) Each Grantor recognizes that the Administrative Agent may be unable to effect a public sale of any or all the Pledged Stock, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws or
otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a
view to the distribution or resale thereof. Each Grantor acknowledges and agrees that any such private sale may 

 
result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private
sale shall be deemed to have been made in a commercially reasonable manner. The Administrative Agent shall be under no obligation to delay a sale of any of the Pledged Stock for the period of time necessary to permit the Issuer thereof to register
such securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so. 
  
 (c) Each Grantor agrees to use its best efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales of all or any
portion of the Pledged Stock pursuant to this Section 6.7 valid and binding and in compliance with any and all other applicable Requirements of Law. Each Grantor further agrees that a breach of any of the covenants contained in this Section 6.7 will
cause irreparable injury to the Secured Parties, that the Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section 6.7 shall be specifically enforceable
against such Grantor, and to the fullest extent permitted by applicable law, such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants except for a defense that no Event of Default
has occurred or is continuing under the Credit Agreement. 
  
 6.8.
Deficiency. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Obligations and the reasonable fees and disbursements of any attorneys employed by
the Administrative Agent or any Lender to collect such deficiency. 
  
 SECTION 7. THE ADMINISTRATIVE AGENT 
  
 7.1.
Administrative Agent’s Appointment as Attorney-in-Fact, etc. 
  
 (a) Each Grantor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable
power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents
and instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of
such Grantor, without notice to or assent by such Grantor, to do any or all of the following: 
  
 (i) in the name of such Grantor or its own name, or otherwise, take possession of and indorse and collect any checks, drafts, notes,
acceptances or other instruments for the payment of moneys due under any Receivable of such Grantor or with respect to any other Collateral of such Grantor and file any claim or take any other action or proceeding in any court of law or equity or
otherwise deemed appropriate by the Administrative Agent for the purpose of collecting any and all such moneys due under any Receivable of such Grantor or with respect to any other Collateral of such Grantor whenever payable; 
  
 (ii) in the case of any Intellectual Property, execute and
deliver, and have recorded, any and all agreements, instruments, documents and papers as the Administrative Agent may reasonably request to evidence the Secured Parties’ security interest in such Intellectual Property and the goodwill and
general intangibles of such Grantor relating thereto or represented thereby; 

 (iii) pay or discharge taxes and Liens levied or placed on or threatened against the
Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; 
  
 (iv) execute, in connection with any sale provided for in Section 6.6 or 6.7, any indorsements, assignments
or other instruments of conveyance or transfer with respect to the Collateral; and 
  
 (v) (A) direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due or to become due
thereunder directly to the Administrative Agent or as the Administrative Agent shall direct; (B) ask or demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in
respect of or arising out of any Collateral of such Grantor; (C) sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents
in connection with any of the Collateral of such Grantor; (D) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any
other right in respect of any Collateral of such Grantor; (E) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (F) settle, compromise or adjust any such suit, action or proceeding and, in connection
therewith, give such discharges or releases as the Administrative Agent may deem appropriate; (G) subject to any permitted licenses and reserved rights permitted under the Loan Documents, assign any Copyright, Patent or Trademark (along with the
goodwill of the business to which any such Copyright, Patent or Trademark pertains), throughout the world for such term or terms, on such conditions, and in such manner, as the Administrative Agent shall in its sole discretion determine; and (H)
generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral of such Grantor as fully and completely as though the Administrative Agent were the absolute owner thereof for all purposes, and
do, at the Administrative Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things which the Administrative Agent deems necessary to protect, preserve or realize upon the Collateral of such Grantor
and the Secured Parties’ security interests therein and to effect the intent of this Agreement, all as fully and effectively as such Grantor might do. 
  
 The Administrative Agent agrees that it will not exercise any rights under the power of attorney provided for in this Section 7.1(a) unless an Event of Default has
occurred and is continuing. 
  
 (b) If any Grantor fails to
perform or comply with any of its agreements contained herein, the Administrative Agent, at its option, but without any obligation so to do, may perform or comply with, or cause performance or compliance with, such agreement. 
  
 (c) The expenses of the Administrative Agent incurred in connection with
actions undertaken as provided in this Section 7.1, together with interest thereon at a rate per annum equal to the rate per annum at which interest would then be payable on past due Revolving Loans that are Base Rate Loans under the Credit
Agreement, from the date of payment by the Administrative Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to the Administrative Agent on demand. 
  
 (d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers,
authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable as to each Grantor until all security interests created hereby with respect to the Collateral of such Grantor are released. 

 7.2. Duty of Administrative Agent. The Administrative Agent’s sole duty with respect to the
custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the New York UCC or otherwise, shall be to deal with it in the same manner as the Administrative Agent deals with similar property for its own
account. Neither the Administrative Agent, any Secured Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or
shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the
Secured Parties hereunder are solely to protect the Secured Parties’ interests in the Collateral and shall not impose any duty upon any Secured Parties to exercise any such powers. The Secured Parties shall be accountable only for amounts that
they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except, in the case of the
Administrative Agent only in respect of its own gross negligence or willful misconduct, to the extent required by applicable law (subject to Section 11.12(e) of the Credit Agreement and other applicable provisions of the Loan Documents). 

 
 7.3. Financing Statements. Each Grantor hereby authorizes the
filing of any financing statements or continuation statements, and amendments to financing statements, or any similar document in any jurisdictions and with any filing offices as the Collateral Agent may determine, in its sole discretion, are
necessary or advisable to perfect or otherwise protect the security interest granted to the Collateral Agent herein. Such financing statements may describe the Collateral in the same manner as described herein or may contain an indication or
description of collateral that describes such property in any other manner as the Collateral Agent may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the Collateral granted
to the Collateral Agent herein, including describing such property as “all assets” or “all personal property” and may (but need not) add thereto “whether now owned or hereafter acquired.” Each Grantor hereby ratifies
and authorizes the filing by the Administrative Agent of any financing statement with respect to the Collateral made prior to the date hereof. 
  
 7.4. Authority, Immunities and Indemnities of Administrative Agent. Each Grantor acknowledges, and, by acceptance of the benefits hereof, each
Secured Party agrees, that the rights and responsibilities of the Administrative Agent under this Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any option,
voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as among the Secured Parties, be governed by the Credit Agreement and that the Administrative Agent shall have, in
respect thereof, all rights, remedies, immunities and indemnities granted to it in the Credit Agreement. By acceptance of the benefits hereof, each Secured Party that is not a Lender agrees to be bound by the provisions of the Credit Agreement
applicable to the Administrative Agent, including Article X thereof, as fully as if such Secured Party were a Lender. The Administrative Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority
so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 
  
 SECTION 8. MISCELLANEOUS 
  
 8.1. Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except in
accordance with Section 11.1 of the Credit Agreement. 

 8.2. Notices. All notices, requests and demands to or upon the Administrative Agent or any Grantor
hereunder shall be effected in the manner provided for in Section 11.2 of the Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall be addressed to such Guarantor at its notice address set forth on
Schedule 1 or to such other address as such Guarantor may notify the Administrative Agent in writing. 
  
 8.3. No Waiver by Course of Conduct; Cumulative Remedies. No Secured Party shall by any act (except by a written instrument pursuant to Section
8.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in exercising, on the part of any Secured Party,
any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or
privilege. A waiver by any Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which such Secured Party would otherwise have on any future occasion. The rights and remedies herein
provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 
  
 8.4. Enforcement Expenses; Indemnification. 
  
 (a) Each Guarantor agrees to pay, or reimburse each Secured Party for, all its costs and expenses incurred in collecting against such Guarantor under the
guarantee contained in Section 2 or otherwise enforcing or preserving any rights under this Agreement and the other Loan Documents to which such Guarantor is a party, including the reasonable fees and disbursements of counsel (including the
allocated fees and expenses of in-house counsel) to the Administrative Agent and counsel to the Lenders. 
  
 (b) Each Guarantor agrees to pay, and to save the Secured Parties harmless from, any and all liabilities with respect to, or resulting from any delay in
paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or in connection with any of the transactions contemplated by this Agreement. 
  
 (c) Each Guarantor agrees to pay, and to save the Secured Parties harmless
from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration
of this Agreement on the terms set forth in Section 11.5 of the Credit Agreement. 
  
 (d) The agreements in this Section shall survive repayment of the Obligations and all other amounts payable under the Credit Agreement and the other Loan Documents. 
  
 8.5. Successors and Assigns. This Agreement shall be binding upon the
successors and assigns of each Grantor and shall inure to the benefit of the Secured Parties and their successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement
without the prior written consent of the Administrative Agent and, unless so consented to, each such assignment, transfer or delegation by any Grantor shall be void. 
  
 8.6. Set-Off. Each Grantor hereby irrevocably authorizes each Agent and each Lender at any time and from time to time
while an Event of Default shall have occurred and be continuing, without notice to such Grantor or any other Grantor, any such notice being expressly waived by each Grantor, to set-off and appropriate and apply any and all deposits (general or
special, time 

 
or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect,
absolute or contingent, matured or unmatured, at any time held or owing by such Secured Party to or for the credit or the account of such Grantor, or any part thereof in such amounts as such Secured Party may elect, against and on account of the
obligations and liabilities of such Grantor to such Secured Party hereunder and claims of every nature and description of such Secured Party against such Grantor, in any currency, whether arising hereunder, under the Credit Agreement, any other Loan
Document or otherwise, as such Secured Party may elect, whether or not any Secured Party has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. Each Secured Party shall notify such
Grantor promptly of any such set-off and the application made by such Secured Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each
Secured Party under this Section are in addition to other rights and remedies (including other rights of set-off) which such Agent or such Lender may have. 
  
 8.7. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including
by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
  
 8.8. Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
  
 8.9. Section Headings. The
Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
  
 8.10. Integration. This Agreement and the other Loan Documents represent the agreement of the Grantors and the
Secured Parties with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any Secured Party relative to subject matter hereof and thereof not expressly set forth or referred to
herein or in the other Loan Documents. 
  
 8.11. GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  
 8.12. Submission To Jurisdiction; Waivers. Each Grantor hereby irrevocably and unconditionally: 
  
 (a) submits for itself and its property in any legal action
or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the Courts of the State of New York,
the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof; 
  
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have
to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

 (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Grantor at its address referred to in Section 8.2 or at such other address of which the Administrative Agent shall have been
notified pursuant thereto; 
  
 (d) agrees that
nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
  
 (e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any
legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 
  
 8.13. Acknowledgements. Each Grantor hereby acknowledges that: 
  
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the
other Loan Documents to which it is a party; 
  
 (b) no Secured Party has any fiduciary relationship with or duty to any Grantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Grantors, on the one hand, and the
Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
  
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated
hereby among the Secured Parties or among the Grantors and the Secured Parties. 
  
 8.14. Additional Grantors. Each Subsidiary of the Borrower that is required to become a party to this Agreement pursuant to Section 7.10 of the Credit Agreement shall become a Grantor for all purposes of this
Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex 1 hereto. 
  
 8.15. Releases. 
  
 (a) At such time as the Loans, the Reimbursement Obligations and all other Obligations (other than contingent surviving indemnity obligations in respect
of which no claim or demand has been made, Borrower Hedge Agreement Obligations and Borrower Cash Management Arrangement Obligations) have been paid in full, all commitments to extend credit under the Loan Documents have terminated and all Letters
of Credit have been discharged, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and each Grantor
hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Grantors. At the request and sole expense of any Grantor following any such termination,
the Administrative Agent shall deliver to such Grantor any Collateral held by the Administrative Agent hereunder and execute and deliver to such Grantor such documents (in form and substance reasonably satisfactory to the Administrative Agent) as
such Grantor may reasonably request to evidence such termination. 
  
 (b) If any of the Collateral is sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Lien created pursuant to this Agreement in such Collateral shall be released, and the
Administrative Agent, at the request and sole expense of such Grantor, shall execute and deliver to such Grantor all releases or other documents 

 
reasonably necessary or desirable for the release of such Collateral (not including Proceeds thereof) from the security interests created hereby. At the
request and sole expense of the Borrower, a Subsidiary Guarantor shall be released from its obligations hereunder in the event that all the Capital Stock of such Subsidiary Guarantor shall be sold, transferred or otherwise disposed of in a
transaction permitted by the Credit Agreement; provided that the Borrower shall have delivered to the Administrative Agent, at least five Business Days prior to the date of the proposed release, a written request for release identifying the
relevant Subsidiary Guarantor and the terms of the sale or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a certification by the Borrower stating that such transaction is
in compliance with the Credit Agreement and the other Loan Documents. 
  
 8.16. WAIVER OF JURY TRIAL . EACH GRANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, THE ADMINISTRATIVE AGENT AND EACH OTHER SECURED PARTY, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR
PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 
  
 8.17. Effectiveness of Obligations. The covenants, agreements and other obligations hereunder of Del Laboratories, Inc. and each of its
Subsidiaries parties hereto will become effective concurrently with (but not prior to) the effectiveness of the Merger pursuant to the filing and acceptance of a certificate of merger with the Secretary of State of the State of Delaware (which the
parties hereto intend to occur substantially concurrently with the funding of the Term Loans under the Credit Agreement), and thereupon such covenants, agreements and other obligations shall become fully effective and operative without any further
grant, act, confirmation or consent by Del Laboratories, Inc. or any such Subsidiary. 

 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee and Collateral Agreement to be duly
executed and delivered as of the date first above written. 
  

			
	DEL LABORATORIES, INC.
		
	By:	 	 /s/ Enzo J. Vialardi

	Name:	 	Enzo J. Vialardi
	Title:	 	Executive Vice President and Chief
	 	 	Financial Officer
	
	DLI HOLDING II CORP.
		
	By:	 	 /s/ Philip E. Berney

	Name:	 	Philip E. Berney
	Title:	 	President
	
	DLI ACQUISITION CORP.
		
	By:	 	 /s/ Philip E. Berney

	Name:	 	Philip E. Berney
	Title:	 	President
	
	DEL PHARMACEUTICALS, INC.
		
	By:	 	 /s/ Enzo J. Vialardi

	Name:	 	Enzo J. Vialardi
	Title:	 	 Executive Vice President and Chief
 Financial
Officer

	
	DEL PROFESSIONAL PRODUCTS, INC.
		
	By:	 	 /s/ Enzo J. Vialardi

	Name:	 	Enzo J. Vialardi
	Title:	 	Executive Vice President and Chief
	 	 	Financial Officer

			
	ROYCE & RADER, INC.
		
	By:	 	 /s/ Enzo J. Vialardi

	Name:	 	Enzo J. Vialardi
	Title:	 	Executive Vice President and Chief
	 	 	Financial Officer
	
	565 BROAD HOLLOW REALTY CORP.
		
	By:	 	 /s/ Enzo J. Vialardi

	Name:	 	Enzo J. Vialardi
	Title:	 	Executive Vice President and Chief
	 	 	Financial Officer
	
	PARFUMS SCHIAPARELLI, INC.
		
	By:	 	 /s/ Enzo J. Vialardi

	Name:	 	Enzo J. Vialardi
	Title:	 	Executive Vice President and Chief
	 	 	Financial Officer

 Schedule 1 
  

NOTICE ADDRESSES OF GUARANTORS 
  

			
	DLI Holding II Corp.	  	 c/o Debevoise & Plimpton LLP
 919 Third
Ave
 New York, New York 10022
 Attention: Kristine
Hutchinson
 Telecopy No.: (212) 909-6836

		
	DLI Acquisition Corp.	  	 c/o Kelso & Company
 320 Park Avenue,
24th Floor
 New York,
New York 10022
 Attention: James J. Connors II, Esq.

		
	Del Pharmaceuticals, Inc.	  	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY 11553-9357
 Attention: General Counsel
 Telecopy No.: (516) 844-2942

		
	Del Professional Products, Inc.	  	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY 11553-9357
 Attention: General Counsel
 Telecopy No.: (516) 844-2942

		
	Parfums Schiaparelli, Inc.	  	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY 11553-9357
 Attention: General Counsel
 Telecopy No.: (516) 844-2942

		
	Royce & Rader, Inc.	  	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY 11553-9357
 Attention: General Counsel
 Telecopy No.: (516) 844-2942

		
	565 Broad Hollow Realty Corp.	  	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY 11553-9357
 Attention: General Counsel
 Telecopy No.: (516) 844-2942

 Schedule 2 
  

DESCRIPTION OF INVESTMENT PROPERTY 
  

							
	 Pledged Stock:
	  	 	  	 	  	 
				
	 Issuer

	  	 Class of Stock

	  	Stock Certificate No.

	  	 No. of
 Shares

	DLI Acquisition Corp.	  	Common Stock, $0.01 par value	  	2	  	1,000
				
	Del International, Inc.	  	Common Stock, par value $10.00	  	1	  	100
				
	Del Laboratories, Inc.	  	Common Stock, $1.00 par value	  	1	  	1,000
				
	Del Pharmaceuticals, Inc.	  	Common Stock, $1.00 par value	  	2	  	1,000
				
	Del Professional Products, Inc.	  	Common Stock, $1.00 par value	  	1	  	200
				
	Parfums Schiaparelli, Inc.	  	Common Stock, $10.00 par value	  	5	  	10,000
				
	Royce & Rader, Inc.	  	Common Stock, $1.00 par value	  	2	  	1,000
				
	Sally Hansen, Inc.	  	Common Stock, $1.00 par value	  	1	  	1,000
				
	565 Broad Hollow Realty Corp.	  	Common Stock, no par value	  	2	  	200
				
	DLI International Holding I Corp.	  	Common Stock, par value $0.01	  	1	  	650
				
	DLI International Holding II Corp.	  	Common Stock, par value $0.01	  	1	  	650
				
	Laboratorios Del de Mexico, S.A. de C.V.	  	Series A	  	1	  	65

						
	 Pledged Notes:
	  	 	  	 	 
			
	 Issuer

	  	 Payee

	  	Principal Amount

	 Del Laboratories (Canada), Inc.
	  	Del Laboratories, Inc.	  	$	6,429,800.48

 Schedule 3 
  

EXACT LEGAL NAME; LOCATION OF JURISDICTION OF ORGANIZATION; CHIEF 
 EXECUTIVE OFFICE 
  

							
	 Exact Legal
 Name of
Grantor

	 	 Jurisdiction of
 Organization

	 	 Organizational
 Number

	 	 Location of Chief
 Executive Office

	DLI Holding II Corp.	 	Delaware	 	3910700	 	 c/o Debevoise & Plimpton LLP
 919 Third
Ave
 New York, New York 10022

				
	DLI Acquisition Corp.	 	Delaware	 	3814428	 	 320 Park Avenue, 24th Floor
 New York, New York 10022

				
	Del Laboratories, Inc.	 	Delaware	 	0574527	 	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY
 11553-9357

				
	Del Pharmaceuticals, Inc.	 	Delaware	 	0592156	 	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY
 11553-9357

				
	Del Professional Products, Inc.	 	Delaware	 	3780372	 	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY
 11553-9357

				
	Parfums Schiaparelli, Inc.	 	New York	 	N/A	 	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY
 11553-9357

				
	Royce & Rader, Inc.	 	Delaware	 	0635025	 	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY
 11553-9357

							
	 Exact Legal Name of Grantor

	 	 Jurisdiction of
 Organization

	 	 Organizational
 Number

	 	 Location of Chief
 Executive Office

	565 Broad Hollow Realty Corp.	 	New York	 	N/A	 	 178 EAB Plaza
 P.O. Box 9357
 Uniondale, NY
 11553-9357

 Schedule 4 
  

FILINGS AND OTHER ACTIONS 
  
 REQUIRED TO PERFECT SECURITY INTERESTS 
  
 Uniform Commercial Code Filings 
  

			
		
	DLI Holding II Corp.	    	Delaware
		
	DLI Acquisition Corp.	    	Delaware
		
	Del Laboratories, Inc.	    	Delaware
		
	Del Pharmaceuticals, Inc.	    	Delaware
		
	Del Professional Products, Inc.	    	Delaware
		
	Parfums Schiaparelli, Inc.	    	New York
		
	Royce & Rader, Inc.	    	Delaware
		
	565 Broad Hollow Realty Corp.	    	New York

  
 Patent and Trademark
Filings 
  

			
		
	Del Laboratories, Inc.	  	United States Patent and Trademark Office
		
	Del Pharmaceuticals, Inc.	  	United States Patent and Trademark Office
		
	Del Professional Products, Inc.	  	United States Patent and Trademark Office
		
	Parfums Schiaparelli, Inc.	  	United States Patent and Trademark Office

  
 Other Actions

  
 1. Delivery of Pledged Stock, with stock powers or equivalents duly endorsed.

  
 2. Delivery of Pledged Notes, with instruments of transfer duly endorsed.

 Schedule 5 
  

LOCATIONS OF INVENTORY AND EQUIPMENT 
  

			
	 Grantor

	  	 Locations

	 Del Laboratories, Inc.
	  	 LaSalle Labs division
 99 Creek Street
 Canajoharie, NY 13317

		
	 	  	 LaSalle Labs
 Riverside Industrial Park
 Little Falls, NY 13365

		
	 	  	 Del Laboratories, Inc.
 1830 Carver Drive

Rocky Point, NC 28457
  
 178 EAB Plaza
 Uniondale, NY 11556

		
	 	  	 565 Broad Hollow Road
 Farmingdale, NY
11735

		
	 	  	 Elm Global Logistics
 50 Emjay Boulevard
 Brentwood, NY 11717

		
	 	  	 420 East German Street
 Herkimer,
NY

		
	 	  	 East Carolina Bonded Warehouse
 3930 River
Road
 Wilmington, NC 28402

		
	 	  	 Coolidge Utica, LLC
 2200 Bleecker Street

Frankfort, New York

		
	 	  	 441 West Main Street
 Little Falls, NY
13365

		
	 	  	 Cape Fear Bonded Warehouse
 810 Sunnyvale
Drive
 Wilmington, NC 28412

		
	 	  	 Buena Vista Sun, LLC
 3700 Highway 421
North
 Wilmington, NC 28401

 Schedule 6 
  

INTELLECTUAL PROPERTY 
  
 I. Copyrights and Copyright Licenses: 
  
 None. 
  
 II. Patents and Patent Licenses: 
  
 A. Patents 
  
 1. Patents Owned by Del Laboratories, Inc. 
  

							
	 Patent No.

	 	 Inventor

	 	 Issue Date

	 	 Patent Described As:

	 5,806,536
	 	Tietjen	 	9/15/98	 	Artificial Nail Removal Arrangement
				
	 4,842,610
	 	Gordon	 	6/27/89	 	Depilatory Compositions and Methods
				
	 4,891,213
	 	Gordon/Chung	 	1/2/90	 	 Nail Enamel Composition
 (contains microcrystalline
cellulose)

				
	 6,524,604
	 	Serap Ozelkan	 	2/25/03	 	Method, Composition and Kit for Removing Lice Ova from the hair (Pronto Gel)
				
	 Canadian Serial No. 2352872
	 	Malayev, Ozelkan & Zhang	 	1/21/02	 	Pronto Gel
				
	 6,479,043
	 	Tietjen & Luciano	 	11/12/02	 	Depilatory Composition

  
 B. Patent Licenses 
  
 1. Patents Licensed by Del Laboratories, Inc. and Del Pharmaceuticals, Inc.
as Licensor 
  
 None. 
  
 III. Trademarks and Trademark Licenses: 
  
 A. Trademarks 

 1. Active U.S. Registrations of Del Laboratories, Inc. 
  

											
	Country

	 	Trademark

	 	Class

	 	Reg No.

	 	Reg Date

	 	Status

	USA	 	10 DAY SHINE	 	3	 	1971967	 	4/30/1996	 	Registered
						
	USA	 	2000 LB. PROFESSIONAL
STRENGTH NAIL GLUE	 	3	 	2267873	 	8/3/1999	 	Registered
						
	USA	 	ADVANCED CUTICLE REPAIR	 	3	 	2,422,355	 	1/16/2001	 	Registered
						
	USA	 	BEAUTE VUES	 	3	 	0802379	 	1/18/1966	 	Renewed
						
	USA	 	BIKINI PLUS	 	5	 	2,632,382	 	10/8/2002	 	Registered
						
	USA	 	BLUSHDOMES	 	3	 	1470344	 	12/29/1987	 	Registered
						
	USA	 	BLUSHING BRONZER	 	3	 	2430362	 	2/20/2001	 	Registered
						
	USA	 	BROW & LINER	 	3	 	1184372	 	1/5/1982	 	Renewed
						
	USA	 	COLOR FIX	 	3	 	2185940	 	9/1/1998	 	Registered
						
	USA	 	COLOR WEAR	 	3	 	2076233	 	7/1/1997	 	Registered
						
	USA	 	COLORDOMES	 	3	 	1470349	 	12/29/1987	 	Registered
						
	USA	 	COLORWRITER	 	3	 	2186581	 	9/1/1998	 	Registered
						
	USA	 	CONFLICT	 	3	 	0860673	 	11/19/1968	 	Renewed
						
	USA	 	CORN SILK	 	3	 	0799233	 	11/23/1965	 	Renewed
						
	USA	 	CORN SILK & DESIGN	 	3	 	1457919	 	9/22/1987	 	Registered
						
	USA	 	CORN SILK (BLOCK)	 	3	 	1193832	 	4/20/1982	 	Renewed
						
	USA	 	COVER OVER	 	3	 	0789223	 	5/4/1965	 	Renewed
						
	USA	 	DEFINE & DAZZLE	 	3	 	1333915	 	5/7/1985	 	Registered
						
	USA	 	DIAMOND STRENGTH	 	3	 	2908569	 	12/7/2004	 	Registered
						
	USA	 	DRY KWIK	 	3	 	1162389	 	7/28/1981	 	Registered
						
	USA	 	EXACTA TWEEZE	 	8	 	1436250	 	4/14/1987	 	Registered
						
	USA	 	FAST OFF	 	3	 	2,480,824	 	8/21/2001	 	Registered
						
	USA	 	FEEL THE QUENCHER DIFFERENCE	 	3	 	1423534	 	1/6/1987	 	Registered
						
	USA	 	FLAME GLOW	 	3	 	1311886	 	1/1/1985	 	Registered
						
	USA	 	FLAME GLOW	 	3, 16, 21	 	1369733	 	11/12/1985	 	Registered
						
	USA	 	GENTLE PERFORMANCE	 	3	 	1442628	 	6/16/1987	 	Registered
						
	USA	 	GLEAM-ON	 	3	 	0877886	 	9/30/1969	 	Renewed
						
	USA	 	HARD AS NAILS	 	3	 	0889821	 	4/21/1970	 	Renewed
						
	USA	 	HARD AS NAILS (LOGO)	 	3	 	0675695	 	3/17/1959	 	Renewed
						
	USA	 	HEALING BEAUTY	 	3	 	2768070	 	9/23/2003	 	Registered

											
	Country

	 	Trademark

	 	Class

	 	Reg No.

	 	Reg Date

	 	Status

	USA	 	HEALING BEAUTY	 	3	 	2,853,412	 	6/15/2004	 	Registered
						
	USA	 	HIGH SHINE	 	 	 	1306609	 	11/20/1984	 	Renewed
						
	USA	 	INSTA-DRI	 	3	 	2,801,229	 	12/30/2003	 	Registered
						
	USA	 	KWIK OFF	 	3	 	1560406	 	10/17/1989	 	Registered
						
	USA	 	KWIK OFF	 	3	 	2,605,899	 	8/6/2002	 	Registered
						
	USA	 	LA CROSS	 	3, 8, 21	 	1661383	 	10/22/1991	 	Renewed
						
	USA	 	LIP GRIP	 	3	 	2,743,440	 	7/29/2003	 	Registered
						
	USA	 	LIP QUENCHER	 	3	 	1005706	 	3/4/1975	 	Renewed
						
	USA	 	LIP WAVES	 	3	 	1418060	 	11/25/1986	 	Registered
						
	USA	 	LUSH LIPS	 	3	 	1052219	 	11/9/1976	 	Renewed
						
	USA	 	MAXI-GRIP	 	3	 	2340933	 	4/11/2000	 	Registered
						
	USA	 	MEGA SHINE	 	 	 	2,483,354	 	8/28/2001	 	Registered
						
	USA	 	MEND-A-NAIL	 	3	 	680590	 	6/16/1959	 	Renewed
						
	USA	 	MICRO DIAMOND	 	3	 	2,464,611	 	6/26/2001	 	Registered
						
	USA	 	MICRON	 	3	 	1499169	 	8/9/1988	 	Registered
						
	USA	 	MIRRORED BOTTLE design	 	3	 	2,670,555	 	12/31/2002	 	Registered
						
	USA	 	MISS KISS	 	3	 	2,670,182	 	12/31/2002	 	Registered
						
	USA	 	N.Y.C. NEW YORK COLOR LOGO	 	3	 	2418035	 	1/2/2001	 	Registered
						
	USA	 	NAIL ART ELEGANCE KIT	 	3	 	2276758	 	9/7/1999	 	Registered
(Intent to
Abandon)
						
	USA	 	NAIL ART ESSENTIALS KIT	 	3	 	2276757	 	9/7/1999	 	Registered
(Intent to
Abandon)
						
	USA	 	NAIL PROTEX	 	3	 	0770502	 	5/26/1964	 	Renewed
						
	USA	 	NAIL THERAPY	 	3	 	1429739	 	2/24/1987	 	Registered
						
	USA	 	NATURAL GLOW	 	8	 	1421743	 	12/23/1986	 	Registered
						
	USA	 	NATURALLY VANILLA	 	3	 	1964653	 	3/26/1996	 	Registered
						
	USA	 	NATURISTICS	 	3	 	1794584	 	9/28/1993	 	Renewed
						
	USA	 	NATURISTICS	 	3, 8, 21	 	1889095	 	4/11/1995	 	Registered
						
	USA	 	NEARLY NUDE	 	3	 	1466862	 	12/1/1987	 	Renewed
						
	USA	 	NO MORE BREAKS	 	3	 	1615374	 	10/2/1990	 	Renewed
						
	USA	 	NO MORE MISTAKES	 	8	 	1987675	 	7/16/1996	 	Registered
						
	USA	 	NO SMUDGE TOE SPACERS	 	8	 	1512371	 	11/15/1988	 	Registered
						
	USA	 	NUTRI-TONIC	 	3	 	810241	 	6/21/1966	 	Renewed
						
	USA	 	POWER SHIELD	 	3	 	2086568	 	8/5/1997	 	Registered
						
	USA	 	PRECISE LASH	 	8	 	2104263	 	10/7/1997	 	Registered
						
	USA	 	PRECISE TWEEZE	 	8	 	2015938	 	11/12/1996	 	Registered
						
	USA	 	RADIANT BLUSH	 	3	 	1437648	 	4/28/1987	 	Registered

											
	Country

	 	Trademark

	 	Class

	 	Reg No.

	 	Reg Date

	 	Status

	USA	 	REJUVIA	 	3	 	279989	 	2/10/1931	 	Renewed
						
	USA	 	REJUVIA VITAMIN E ALL NIGHT
MOISTURE REC	 	3	 	1487316	 	5/10/1988	 	Registered
						
	USA	 	RENEW A CURL	 	3	 	1356124	 	8/27/1985	 	Registered
						
	USA	 	RENEW A PERM	 	3	 	1567829	 	11/28/1989	 	Renewed
						
	USA	 	SALLY HANSEN	 	3	 	688093	 	11/10/1959	 	Renewed
						
	USA	 	SALLY HANSEN	 	3	 	790825	 	6/8/1965	 	Renewed
						
	USA	 	SALLY HANSEN (LOGO IN SCRIPT)	 	3	 	1295408	 	9/18/1984	 	Renewed
						
	USA	 	SALLY HANSEN INSTANT STRENGTH	 	3	 	1560372	 	10/17/1989	 	Registered
						
	USA	 	SALLY HANSEN MAXIMUM GROWTH	 	3	 	1416342	 	11/11/1986	 	Registered
						
	USA	 	SALLY HANSEN NO CHIP	 	3	 	1447033	 	7/14/1987	 	Registered
						
	USA	 	SALLY HANSEN PROFESSIONAL	 	3, 8, 21	 	1931107	 	10/31/1995	 	Registered
						
	USA	 	SCENTS OF BEING THERE	 	3	 	2377693	 	8/15/2000	 	Registered
						
	USA	 	SCRUB ‘N SOFTEN	 	21	 	1510998	 	11/1/1988	 	Registered
						
	USA	 	SEA SPLASH	 	3	 	1845314	 	7/19/1994	 	Renewed
						
	USA	 	SHADOW SWIRLS	 	3	 	1414676	 	10/28/1986	 	Registered
						
	USA	 	SHAPE & HOLD	 	3	 	1374480	 	12/10/1985	 	Registered
						
	USA	 	SHINE CONTROL	 	3	 	1391196	 	4/22/1986	 	Registered
						
	USA	 	SMOOTH-IT FOOT WAND	 	8	 	1505618	 	9/27/1988	 	Registered
						
	USA	 	SUDDENLY NAILS	 	3	 	2058278	 	4/29/1997	 	Registered
						
	USA	 	SUPER CLIP	 	8	 	1990560	 	7/30/1996	 	Registered
						
	USA	 	SUMMER SHINE	 	3	 	1320270	 	2/19/1985	 	Registered
(Intent to
Abandon)
						
	USA	 	SUPER SHINE	 	3	 	1269568	 	3/13/1984	 	Renewed
						
	USA	 	SUPER STRONG	 	3	 	1457811	 	9/15/1987	 	Registered
						
	USA	 	SUPERHOLD NAIL GLUE	 	3	 	1306576	 	11/20/1984	 	Renewed
						
	USA	 	SWEET LIPS	 	3	 	1422465	 	12/30/1986	 	Registered
						
	USA	 	“SWEET TREATS”	 	3	 	2241310	 	4/20/1999	 	Registered
						
	USA	 	THE NAIL CLINIC IN A BOTTLE	 	3	 	2067626	 	6/3/1997	 	Registered
						
	USA	 	THICKEN UP	 	3	 	2242104	 	4/27/1999	 	Registered
						
	USA	 	THICKEN-IT	 	3	 	1895810	 	5/30/1995	 	Registered

											
	Country

	 	Trademark

	 	Class

	 	Reg No.

	 	Reg Date

	 	Status

	USA	 	TINI-TWEEZE	 	8	 	2,486,087	 	9/4/2001	 	Registered
						
	USA	 	TRIPLE SMOOTH	 	3	 	2,468,295	 	7/10/2001	 	Registered
						
	USA	 	ULTIMATE SHIELD	 	3	 	2039756	 	1/18/2000	 	Registered
						
	USA	 	WET FLAMES	 	3	 	871442	 	6/17/1969	 	Renewed
						
	USA	 	WHIPPED PEARL	 	3	 	861107	 	11/26/1968	 	Renewed
						
	USA	 	WHITE HANDS	 	5	 	508119	 	3/29/1949	 	Renewed
						
	USA	 	WHITE RIVER
MUSK	 	3	 	1903328	 	7/4/1995	 	Registered
						
	USA	 	ZERO SHINE	 	3	 	2434400	 	3/6/2001	 	Registered

  
 2. Pending U.S.
Applications of Del Laboratories, Inc. 
  

											
	Country

	 	Trademark

	 	Class

	 	Serial No.

	 	App. Date

	 	Status

	USA	 	AIRBRUSH LEGS	 	3	 	78/301,808	 	9/17/2003	 	Pending
						
	USA	 	HYDRA-TIP PEN	 	3	 	78/220,805	 	3/3/2002	 	Pending*
						
	USA	 	INSTANT FIX	 	3	 	78/334,240	 	11/30/2003	 	Pending
						
	USA	 	MAGICAL NAIL
MAKEUP	 	3	 	78/353,031	 	1/16/2004	 	Pending*
						
	USA	 	NAILGROWTH
MIRACLE	 	3	 	78/301,812	 	9/17/2003	 	Pending*
						
	USA	 	NATURAL FLEX	 	3	 	78/328,797	 	11/17/2003	 	Pending*
						
	USA	 	SALLY HANSEN
FAST AND
FLAWLESS	 	3	 	78/328,100	 	11/14/2003	 	Pending*
						
	USA	 	SECRET COVER	 	3	 	76/449,825	 	9/16/2002	 	Pending*
						
	USA	 	SUPER STRONG	 	3	 	76/597,359	 	6/14/2004	 	Pending

  
 3. Active U.S.
Registrations of Del Pharmaceuticals, Inc. 
  

											
	Country

	 	Trademark

	 	Class

	 	Reg No.

	 	Reg Date

	 	Status

	USA	 	ARTHRICARE	 	5	 	1793360	 	9/21/1993	 	Renewed
						
	USA	 	AURO	 	5	 	1,236,010	 	5/3/1983	 	Renewed
						
	USA	 	AURO-DRI	 	5	 	1430843	 	3/3/1987	 	Registered
						
	USA	 	BABY ORAJEL	 	5	 	1168895	 	9/15/1981	 	Renewed
						
	USA	 	BOIL-EASE	 	5	 	771,406	 	6/16/1964	 	Renewed
						
	USA	 	DENTURE ORAJEL	 	5	 	2219413	 	1/19/1999	 	Registered
						
	USA	 	DERMAREST	 	5	 	1499210	 	8/9/1988	 	Registered
						
	USA	 	DETANE	 	5	 	932502	 	4/18/1972	 	Renewed
						
	USA	 	DIAPER GUARD	 	5	 	1500148	 	8/16/1988	 	Registered

	*	 	Applications filed on an intent to use basis under 15 U.S.C. § 1051(b) are not part of Collateral. 

											
	Country

	 	Trademark

	 	Class

	 	Reg No.

	 	Reg Date

	 	Status

	USA	 	DIDELAMINE	 	5	 	932501	 	4/18/1972	 	Renewed
						
	USA	 	DRICORT	 	5	 	1749219	 	1/26/1993	 	Renewed
						
	USA	 	GENTLE NATURALS	 	5	 	2,730,448	 	6/24/2003	 	Registered
						
	USA	 	OCU-BATH	 	5	 	0857383	 	9/24/1968	 	Renewed
						
	USA	 	OCU-DROP	 	5	 	0855439	 	8/27/1968	 	Renewed
						
	USA	 	OFF-EZY	 	5	 	0592383	 	7/13/1954	 	Renewed
						
	USA	 	OFF-EZY (DESIGN)	 	5	 	1,259,783	 	12/6/1983	 	Renewed
						
	USA	 	ORAJEL	 	5	 	1166935	 	9/1/1981	 	Renewed
						
	USA	 	ORAJEL P.M.	 	5	 	2058425	 	4/29/1997	 	Registered
						
	USA	 	PERIOSEPTIC	 	5	 	1854017	 	9/13/1994	 	Renewed
						
	USA	 	PRONTO	 	3	 	1345457	 	7/2/1985	 	Registered
						
	USA	 	PRONTO	 	5	 	1441745	 	6/9/1987	 	Registered
						
	USA	 	PROPA P.H.	 	3	 	0775933	 	8/25/1964	 	Renewed
						
	USA	 	PROPA P.H. (LOGO)	 	3, 5	 	2061952	 	5/13/1997	 	Registered
						
	USA	 	RECOVER	 	3	 	0883021	 	12/23/1969	 	Renewed
						
	USA	 	SKIN SHIELD	 	5	 	2,667,626	 	12/31/2002	 	Registered
						
	USA	 	STYGIENE	 	5	 	1,805,077	 	11/16/1993	 	Renewed
						
	USA	 	TANAC	 	5	 	0867071	 	3/25/1969	 	Registered
						
	USA	 	TRIALKA	 	5	 	0793582	 	8/3/1965	 	Registered
						
	USA	 	TRIPTONE	 	5	 	0647728	 	7/2/1957	 	Renewed

  
 4. Pending U.S.
Applications of Del Pharmaceuticals, Inc. 
  

											
	Country

	 	Trademark

	 	Class

	 	Serial No.

	 	App Date

	 	Status

	USA	 	DIABETAID                	 	5	 	76/356,223	 	1/9/2002	 	Opposition
Pending

  
 5. Pending U.S.
Applications of Del Professional Products, Inc. 
  

												
	Country

	 	Trademark

	 	Class

	 	Serial No.

	 	App Date

	 	Status

	 
	USA	 	MANICURED (BLACK
& RED LOGO)	 	16	 	78/545,224	 	1/11/2005	 	Pending	*
	USA	 	MANICURED
(WORDMARK)	 	16	 	78/545,223	 	1/11/2005	 	Pending	*

	*	 	Applications filed on an intent to use basis under 15 U.S.C. § 1051(b) are not part of Collateral. 

 6. Active U.S. Registrations of Parfums Schiaparelli 
  

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	USA	 	SCHIAPARELLI	 	3	 	820431	 	12/13/1966	 	Registered
						
	USA	 	SCHIAPARELLI	 	3	 	320501	 	1/1/1935	 	Renewed
						
	USA	 	SERAPHIQUE	 	3	 	426405	 	12/24/1946	 	Renewed
						
	USA	 	SHOCKING	 	3	 	1847202	 	7/26/1994	 	Registered
						
	USA	 	SHOCKING	 	3	 	344590	 	3/30/1937	 	Renewed
						
	USA	 	SHOCKING DE
SCHIAPARELLI
POUDRE POUF	 	3	 	875325	 	8/19/1969	 	Renewed
						
	USA	 	SHOCKING
RADIANCE	 	3	 	415856	 	8/21/1945	 	Renewed
						
	USA	 	SLEEPING	 	3	 	820035	 	12/6/1966	 	Renewed
						
	USA	 	SNUFF	 	1	 	422359	 	7/16/1946	 	Renewed
						
	USA	 	STRATOSPHERE	 	3	 	425686	 	11/26/1946	 	Renewed

  
 7. Foreign
Registrations and Applications of Del Laboratories, Inc. 
  

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Andorra	 	SALLY HANSEN	 	3	 	749	 	12/12/1996	 	Registered
						
	Argentina	 	FLAME GLOW	 	3	 	1423646	 	3/31/1993	 	Registered
						
	Argentina	 	HARD AS NAILS	 	 	 	1721466	 	2/11/1999	 	Registered
						
	Argentina	 	LA CROSS	 	8	 	1434305	 	4/30/1993	 	Registered
						
	Argentina	 	LA CROSS	 	8	 	 	 	 	 	Pending application
						
	Argentina	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	 	 	 	 	Pending
						
	Argentina	 	NATURAL GLOW	 	3	 	1626582	 	2/14/1997	 	Registered
						
	Argentina	 	SALLY HANSEN	 	3	 	1771836	 	1/25/2000	 	Ren. Of 1,367,206
						
	Aruba	 	HARD AS NAILS	 	 	 	12046	 	1/1/1986	 	Registered
						
	Aruba	 	LIP QUENCHER	 	 	 	12044	 	1/1/1986	 	Registered
						
	Aruba	 	SALLY HANSEN	 	 	 	12043	 	1/1/1986	 	Registered
						
	Australia	 	BE-LONG	 	 	 	259232	 	6/8/1972	 	Renewed 1993
						
	Australia	 	CORN SILK	 	 	 	208545	 	3/6/1967	 	Renewed 2001
						
	Australia	 	HARD AS NAILS	 	 	 	253401	 	11/4/1971	 	Renewed 1993
						
	Australia	 	LA CROSS (#1)	 	8	 	52809	 	4/6/2029	 	Renewed 1999
						
	Australia	 	LIP QUENCHER	 	 	 	281872	 	9/19/1974	 	Renewed 1996
						
	Australia	 	LS CROSS (#2)	 	21	 	249821	 	4/6/2029	 	Renewed 1999

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Australia	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	 	 	 	 	Pending
						
	Australia	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	 	 	 	 	Pending
						
	Australia	 	NAIL PROTIN	 	 	 	555249	 	5/2/1991	 	Renewed 1998
						
	Australia	 	NATURE GLOW	 	 	 	307754	 	6/2/1977	 	Registered
						
	Australia	 	NEW LENGTHS	 	 	 	430927	 	7/31/1985	 	Renewed 1992
						
	Australia	 	NUTRI-TONIC	 	 	 	76512	 	5/25/1940	 	Renewed 1996
						
	Australia	 	SALLY HANSEN	 	 	 	247402	 	4/2/1971	 	Renewed 1992
						
	Australia	 	SALLY HANSEN HARD
AS NAILS	 	3	 	80714	 	8/27/1975	 	Registered
						
	Australia	 	WAVAL THERMAL	 	 	 	198385	 	11/4/1965	 	Renewed 1987
						
	Austria	 	HARD AS NAILS	 	 	 	87626	 	3/6/1978	 	Registered
						
	Austria	 	SALLY HANSEN	 	 	 	70323	 	10/27/1971	 	Registered
						
	Bahamas	 	HARD AS NAILS	 	 	 	13287	 	4/5/1989	 	(NF) Registered
						
	Bahamas	 	SALLY HANSEN	 	 	 	13282	 	4/5/1989	 	Registered
						
	Bahrain	 	SALLY HANSEN	 	3	 	 	 	 	 	Pending
						
	Barbados	 	SALLY HANSEN	 	 	 	81/9318	 	10/13/1999	 	Registered
						
	Belarus	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	19623	 	7/27/2004	 	Registered
						
	Benelux	 	CORN SILK	 	 	 	11672	 	3/5/1971	 	Renewal in process
						
	Benelux	 	HARD AS NAILS	 	 	 	39597	 	10/11/1972	 	Renewed 1999
						
	Benelux	 	SALLY HANSEN	 	 	 	373477	 	5/13/1981	 	Renewed 1991
						
	Bolivia	 	FLAME GLOW	 	 	 	51193-A	 	10/30/1987	 	Renewed 1997
						
	Bolivia	 	HARD AS NAILS	 	 	 	50652	 	11/13/1990	 	Renewed 2000
						
	Bolivia	 	SALLY HANSEN	 	 	 	50653	 	11/13/1990	 	Renewed 2000
						
	Botswana	 	HARD AS NAILS (#1)	 	3	 	SA11888	 	2/27/1992	 	Renewal in process
						
	Botswana	 	HARD AS NAILS (#2)	 	3	 	70/3726	 	8/24/1970	 	Renewal in process
						
	Botswana	 	LA CROSS	 	 	 	3009/57	 	9/24/1957	 	Registered
						
	Botswana	 	NEW LENGTHS	 	 	 	85/0997	 	11/26/1985	 	Renewed 1995
						
	Botswana	 	SALLY HANSEN (#1)	 	3	 	5941	 	10/30/1979	 	Renewal in process

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Botswana	 	SALLY HANSEN (#2)	 	 	 	4197	 	9/24/1970	 	Renewal in process
						
	Brazil	 	CORN SILK	 	 	 	 	 	 	 	Pending
						
	Brazil	 	HARD AS NAILS	 	 	 	06698301	 	6/10/1978	 	Renewal in Process
						
	Brazil	 	LA CROSS	 	8	 	0650979	 	2/10/1977	 	Renewed 1997
						
	Brazil	 	N.Y.C. NEW YORK COLOR LOGO	 	3	 	 	 	 	 	Pending
						
	Brazil	 	NATURISTICS	 	3	 	818217456	 	11/5/1996	 	Registered
						
	Brazil	 	SALLY HANSEN	 	 	 	740065661	 	10/27/1971	 	Renewal in process
						
	Brunei	 	CORN SILK	 	3	 	19394	 	12/12/1993	 	Renewed 2000
						
	Canada	 	ADVANCED CUTICLE REPAIR	 	 	 	597,001	 	12/9/2003	 	Renewal Due
						
	Canada	 	BELONG	 	 	 	153312	 	9/22/1967	 	Renewed 1982
						
	Canada	 	BE-LONG	 	 	 	271933	 	8/20/1982	 	Renewed
						
	Canada	 	BLUSHING BRONZER	 	 	 	543938	 	4/19/2001	 	Registered
						
	Canada	 	CLEAR RIVER MUSK	 	 	 	493580	 	4/23/1998	 	Registered
						
	Canada	 	COLOR FIX	 	 	 	516432	 	9/16/1999	 	Registered
						
	Canada	 	CORN SILK	 	 	 	144355	 	3/11/1966	 	Registered
						
	Canada	 	CUTICLE DEFENSE	 	 	 	509992	 	3/25/1999	 	Registered
						
	Canada	 	CUTICLE ZONE THERAPY	 	 	 	413970	 	6/25/1993	 	Registered
						
	Canada	 	DARE TO BE BARE	 	 	 	 	 	 	 	App filed 10/27/99
						
	Canada	 	DRY KWIK	 	 	 	420564	 	12/20/1993	 	Registered
						
	Canada	 	EXTENDED WEAR	 	 	 	551,471	 	9/25/2001	 	Registered
						
	Canada	 	FRIZZ TAMER	 	 	 	406537	 	12/18/1992	 	Registered
						
	Canada	 	HARD AS NAILS	 	 	 	155198	 	1/26/1968	 	Renewed 4/97
						
	Canada	 	HEALING BEAUTY	 	3	 	620098	 	9/20/2004	 	Registered
						
	Canada	 	INSTA-DRI	 	3	 	623,480	 	10/25/2004	 	Registered
						
	Canada	 	INSTANT FIT NAILS KIT	 	 	 	522,253	 	1/26/2000	 	Registered
						
	Canada	 	KWIK OFF	 	 	 	406539	 	12/18/1992	 	Registered
						
	Canada	 	KWIK-AID	 	 	 	223773	 	10/21/1977	 	Renewed 4/92
						
	Canada	 	LA CROSS (#1)	 	 	 	181/40021	 	6/12/2026	 	Renewed
						
	Canada	 	LA CROSS (#2)	 	 	 	253/54467	 	6/6/1932	 	Renewed
						
	Canada	 	LIP QUENCHER	 	 	 	209186	 	9/5/1975	 	Renewed 2004
						
	Canada	 	LIP QUENCHER (DESIGN)	 	 	 	263369	 	10/16/1981	 	Renewed 6/96
						
	Canada	 	LIP TREAT	 	 	 	252755	 	11/14/1980	 	Renewed 2/96

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Canada	 	MEGA SHINE	 	 	 	546,403	 	6/8/2001	 	Registered
						
	Canada	 	MICRO DIAMOND	 	 	 	550,095	 	8/23/2001	 	Registered
						
	Canada	 	N.Y.C. NEW YORK
COLOR LOGO	 	 	 	612,152	 	6/4/2004	 	Registered
						
	Canada	 	N.Y.C. NEW YORK
COLOR LOGO	 	9, 14,	 	 	 	 	 	Just Filed
						
	Canada	 	NAIL BITER	 	 	 	224275	 	11/25/1977	 	Registered
						
	Canada	 	NAIL PROTEX	 	 	 	399950	 	7/3/1992	 	Registered
						
	Canada	 	NEW LENGTHS	 	 	 	311709	 	2/28/1986	 	Renewed 2000
						
	Canada	 	NO MORE BREAKS	 	 	 	423619	 	2/25/1994	 	Registered
						
	Canada	 	NUTRI-TONIC	 	 	 	188665	 	2/16/1973	 	Renewed 6/21/02
						
	Canada	 	POWER SHIELD	 	 	 	516430	 	9/16/1999	 	Registered
						
	Canada	 	QUENCHER (DESIGN)	 	 	 	260398	 	7/3/1981	 	Renewed 4/96
						
	Canada	 	SALLY HANSEN	 	 	 	154675	 	12/22/1967	 	Renewed 4/97
						
	Canada	 	SALLY HANSEN (IN SCRIPT)	 	 	 	312025	 	3/7/1986	 	Renewed
						
	Canada	 	SALLY HANSEN
INSTANT STREN	 	 	 	406976	 	1/15/1993	 	Registered
						
	Canada	 	SALLY HANSEN
MAXIMUM GRO	 	 	 	406538	 	12/18/1992	 	Registered
						
	Canada	 	SALLY HANSEN NO CHIP	 	 	 	406977	 	1/15/1993	 	Registered
						
	Canada	 	SCHIAPARELLI (#1)	 	 	 	273775	 	11/12/1982	 	Renewed 12/96
						
	Canada	 	SCHIAPARELLI (#2)	 	 	 	12/3896	 	11/10/1949	 	Renewed 1980
						
	Canada	 	SHOCKING	 	 	 	287084	 	1/20/1984	 	Renewed 5/98
						
	Canada	 	SIMPLY PARADISE	 	 	 	513090	 	7/22/1999	 	Registered
						
	Canada	 	SLEEPING	 	 	 	87/22650	 	12/28/1945	 	Intent to Abandon
						
	Canada	 	SNUFF	 	 	 	441167	 	3/31/1995	 	Registered
						
	Canada	 	SUPER SHINE	 	 	 	420563	 	12/10/1993	 	(NF) Registered
						
	Canada	 	SUPER STRONG	 	3	 	 	 	 	 	Pending
						
	Canada	 	THICKEN UP	 	 	 	516434	 	9/16/1999	 	Registered
						
	Canada	 	TINI-TWEEZE	 	 	 	548,566	 	7/24/2001	 	Registered
						
	Canada	 	TRIPLE SMOOTH	 	 	 	548,502	 	7/23/2001	 	Registered
						
	Canada	 	TRIPLE STRONG	 	 	 	509991	 	3/25/1999	 	Registered
						
	Canada	 	ULTIMATE SHIELD	 	 	 	505360	 	12/10/1998	 	Registered
						
	Chile	 	BE-LONG	 	3	 	614,401	 	12/26/2001	 	Re-renewed
						
	Chile	 	CORN SILK	 	 	 	610,543	 	11/27/2001	 	Renewed 2002

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Chile	 	DRY KWIK	 	3	 	393922	 	10/5/1992	 	Registered
						
	Chile	 	HARD AS NAILS	 	3	 	395325	 	10/26/1992	 	Registered
						
	Chile	 	HARD AS NAILS-DESIGN	 	3	 	632.515	 	6/11/2002	 	Renewed 2003
						
	Chile	 	KWIK-AID	 	3	 	610491	 	11/27/2001	 	Renewed 2001
						
	Chile	 	LA CROSS	 	 	 	614460	 	12/26/2001	 	Renewed 2002
						
	Chile	 	LIP QUENCHER	 	3	 	506951	 	1/12/1988	 	Renewed 3/98
						
	Chile	 	NAIL BITER	 	 	 	655.904	 	1/23/2003	 	Renewed 2003
						
	Chile	 	NEW LENGTHS	 	3	 	458657	 	3/18/1996	 	Registered
						
	Chile	 	SALLY HANSEN	 	3	 	632,516	 	6/11/2002	 	Renewed 2003
						
	Chile	 	SMOOTH NAILS	 	 	 	655.903	 	1/23/2003	 	Renewed 2003
						
	Chile	 	SUPERSHINE	 	 	 	401134	 	1/28/1993	 	Renewed
						
	China	 	CORN SILK	 	 	 	753821	 	7/7/1995	 	Registered
						
	China	 	HARD AS NAILS	 	3	 	519520	 	5/20/1990	 	Renewed
						
	China	 	NATURISTICS	 	3	 	1124676	 	11/7/1997	 	Registered
						
	China	 	SALLY HANSEN	 	3	 	519534	 	5/20/1990	 	Renewed
						
	China	 	SALLY HANSEN (CHINESE #1)	 	3	 	1,903,940	 	10/14/2002	 	Registered
						
	China	 	SALLY HANSEN (CHINESE #2)	 	3	 	1,903,939	 	10/14/2002	 	Registered
						
	Colombia	 	HARD AS NAILS	 	3	 	87283	 	4/9/1976	 	Renewed 2002
						
	Colombia	 	SALLY HANSEN	 	3	 	85615	 	7/31/1975	 	Renewed 2001
						
	Costa Rica	 	CORN SILK	 	 	 	36183	 	10/10/1967	 	Registered
						
	Costa Rica	 	HARD AS NAILS	 	 	 	51241	 	11/10/1976	 	Renewed 7/96
						
	Costa Rica	 	LIP QUENCHER	 	3	 	51491	 	1/25/19897	 	Registered
						
	Costa Rica	 	SALLY HANSEN (#1)	 	3	 	108121	 	6/24/1998	 	Registered
						
	Costa Rica	 	SALLY HANSEN (#2)	 	3	 	51119	 	10/14/1976	 	Registered
						
	CTM	 	HARD AS NAILS	 	3	 	174789	 	6/19/1998	 	Registered
						
	CTM	 	LA CROSS	 	3, 8	 	174730	 	1/20/1999	 	Registered
						
	CTM	 	NATURISTICS	 	3, 8, 2	 	174631	 	8/25/1998	 	Registered
						
	CTM	 	QUENCHER	 	3	 	174680	 	6/22/1998	 	Registered
						
	CTM	 	SALLY HANSEN	 	3	 	174805	 	11/10/1998	 	Registered
						
	Cypress	 	SALLY HANSEN	 	3	 	15025	 	6/14/1973	 	Renewed 1995
						
	Czech Rep	 	HARD AS NAILS	 	3	 	210710	 	2/20/1995	 	Renewed 2004
						
	Czech Rep	 	SALLY HANSEN	 	3	 	198447	 	3/27/1997	 	Renewed 2004

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Denmark	 	HARD AS NAILS	 	 	 	1625/1962	 	9/1/1962	 	Renewed 1992
						
	Denmark	 	LA CROSS	 	 	 	1699/1958	 	8/23/1958	 	Renewed 1998
						
	Denmark	 	SALLY HANSEN	 	 	 	1451/1963	 	7/6/1963	 	Renewed 1993
						
	Dom. Rep.	 	HARD AS NAILS	 	 	 	22671	 	2/18/1974	 	Registered
						
	Dom. Rep.	 	SALLY HANSEN	 	 	 	22730	 	3/13/1974	 	Registered
						
	Ecuador	 	HARD AS NAILS	 	3	 	1481-95	 	6/7/1990	 	Renewed 1995
						
	Ecuador	 	SALLY HANSEN	 	3	 	1417-95	 	6/7/1990	 	Renewed 1995
						
	Egypt	 	SALLY HANSEN	 	 	 	 	 	 	 	(NF) Pending
						
	El Salvador	 	CORN SILK	 	 	 	241/93	 	5/24/1982	 	Renewal in process
						
	El Salvador	 	HARD AS NAILS	 	3	 	42Book91	 	4/23/1999	 	Registered
						
	El Salvador	 	LA CROSS	 	 	 	82Book11	 	6/23/1992	 	Renewed 2003
						
	El Salvador	 	SALLY HANSEN	 	 	 	130	 	11/10/1976	 	Renewal in process
						
	European Com	 	CORN SILK	 	3	 	 	 	 	 	Pending application
						
	European Com	 	HARD AS NAILS	 	3	 	174,789	 	6/19/1998	 	Registered
						
	European Com	 	LA CROSS	 	3,8	 	174,730	 	1/20/1999	 	Registered
						
	European Com	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	 	 	 	 	Pending application
						
	European Com	 	NATURISTICS	 	3, 8 &	 	174,631	 	6/25/1998	 	Registered
						
	European Com	 	QUENCHER	 	3	 	174,680	 	6/22/1998	 	Registered
						
	European Com	 	SALLY HANSEN	 	3	 	174,805	 	11/10/1998	 	Registered
						
	European Com	 	SALLY HANSEN
HEALING BEAUT	 	3	 	3,117,082	 	8/4/2004	 	Registered
						
	France	 	HARD AS NAILS	 	 	 	1695518	 	9/28/1981	 	Renewed 2001
						
	France	 	LA CROSS	 	 	 	1489470	 	9/19/1988	 	Renewed 1998
						
	France	 	SALLY HANSEN	 	3, 5	 	1389985	 	1/19/1987	 	Renewed 1996
						
	Germany	 	DRY KWIK	 	 	 	1038811	 	9/24/1982	 	Renewed
						
	Germany	 	LA CROSS	 	 	 	1009066	 	11/3/1980	 	Renewed 1999
						
	Germany	 	LA CROSS STAZON (DESIGN)	 	 	 	720085	 	12/1/1958	 	Renewed 1998

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Germany	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	30022267	 	8/3/2000	 	Registered
						
	Germany	 	SALLY HANSEN BE-
LONG (#1)	 	 	 	1117338	 	2/3/1988	 	Renewed 1998
						
	Germany	 	SALLY HANSEN B-
LONG (#2)	 	 	 	1027718	 	1/14/1982	 	Registered
						
	Germany	 	SALLY HANSEN DRY
KWIK	 	 	 	1136301	 	3/16/1989	 	Renewed 1998
						
	Germany	 	SALLY HANSEN HARD
AS NAILS	 	 	 	770552	 	2/14/1963	 	Renewed
						
	Germany	 	SALLY HANSEN HARD
AS NAILS	 	 	 	773248	 	5/8/1963	 	Renewed 2001
						
	Germany	 	SALLY HANSEN
MEND-A-NAIL	 	3	 	1172705	 	2/27/1991	 	Renewed 2000
						
	Germany	 	SALLY HANSEN
SMOOTH NAIL (	 	 	 	1027719	 	1/14/1982	 	Renewed
						
	Germany	 	SALLY HANSEN
SMOOTH NAIL (	 	 	 	1117339	 	2/3/1988	 	Renewed 1998
						
	Germany	 	SALLY HANSEN
SUPER SHINE	 	 	 	1117337	 	2/3/1988	 	Renewed 1998
						
	Germany	 	SALLY HANSEN
SUPER SHINE (#	 	 	 	1027720	 	1/14/1982	 	Renewed
						
	Greece	 	HARD AS NAILS	 	 	 	27822	 	9/17/1962	 	Renewed
						
	Greece	 	REJUVIA	 	3, 5	 	57585	 	10/21/1976	 	Renewed 1996
						
	Greece	 	SALLY HANSEN	 	 	 	61900	 	7/17/1980	 	Renewed 1998
						
	Greece	 	SALLY HANSEN (#2)	 	 	 	27890	 	10/17/1962	 	Renewed
						
	Guatemala	 	CORN SILK	 	 	 	98949	 	9/22/1999	 	Renewed
						
	Guatemala	 	HARD AS NAILS	 	3	 	60993/356/	 	6/4/1990	 	Renewed 2000
						
	Guatemala	 	LA CROSS	 	8	 	97305	 	10/8/1999	 	Registered
						
	Guatemala	 	LIP QUENCHER	 	3	 	68151/501/	 	11/26/1992	 	Registered
						
	Guatemala	 	SALLY HANSEN	 	3	 	35728/34/8	 	10/30/1978	 	Renewed 2004
						
	Haiti	 	SALLY HANSEN	 	 	 	392/111	 	9/8/1997	 	Registered
						
	Honduras	 	CORN SILK	 	 	 	40059	 	6/15/1982	 	Renewed 2002
						
	Honduras	 	HARD AS NAILS	 	 	 	52865	 	10/1/1990	 	Renewed 2000
						
	Honduras	 	LA CROSS	 	 	 	 	 	 	 	Pending
						
	Honduras	 	NATURAL GLOW	 	 	 	 	 	 	 	Pending
						
	Honduras	 	PROPA P.H.	 	 	 	30840	 	5/4/1982	 	Registered
						
	Honduras	 	SALLY HANSEN	 	 	 	52866	 	10/1/1990	 	Renewed 2000
						
	Hong Kong	 	FLAME-GLO	 	 	 	831/77	 	9/7/1976	 	Renewed 1997

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Hong Kong	 	LIP QUENCHER	 	 	 	437/78	 	6/22/1976	 	Renewed 1997
						
	Hong Kong	 	N.Y.C. NEW YORK
COLOR LOGO	 	 	 	B11952 of	 	1/12/2000	 	Registered
						
	Hong Kong	 	NATURAL GLOW BY
NATURISTI	 	3	 	8167/97	 	12/21/1994	 	Renewed 2001
						
	Hong Kong	 	SALLY HANSEN	 	 	 	1379/77	 	9/26/1977	 	Renewed 1997
						
	Hong Kong	 	SALLY HANSEN
HARD AS NAILS	 	 	 	1548/77	 	10/28/1977	 	Renewed 1997
						
	Hong Kong	 	SALLY HANSEN
NEW LENGTHS	 	 	 	779/89	 	11/7/1987	 	Renewed 1994
						
	Iceland	 	SALLY HANSEN	 	3	 	848/1993	 	11/24/1993	 	Renewed 2004
						
	India	 	HARD AS NAILS	 	3	 	504690	 	2/1/1989	 	Renewed 2003
						
	India	 	SALLY HANSEN	 	 	 	504551	 	1/30/1989	 	Renewed 2003
						
	Indonesia	 	CORN SILK	 	 	 	332334	 	4/24/1995	 	Registered
						
	Indonesia	 	LA CROSS	 	8	 	312496	 	8/20/1982	 	Renewal in process
						
	Indonesia	 	LA CROSS	 	21	 	312.494	 	8/20/1992	 	Renewal in process
						
	Indonesia	 	LA CROSS	 	10	 	312,495	 	8/20/1992	 	Renewal in process
						
	Indonesia	 	NATURISTICS	 	3	 	379732	 	4/25/1996	 	Registered
						
	Indonesia	 	SALLY HANSEN	 	 	 	362902	 	12/10/1986	 	Renewed 1996
						
	Ireland	 	CORN SILK	 	 	 	99464	 	8/24/1981	 	Renewed 2002
						
	Ireland	 	HARD AS NAILS	 	 	 	112180	 	10/23/1980	 	Renewed
						
	Ireland	 	HARD AS NAILS (DESIGN)	 	 	 	112181	 	10/23/1980	 	Renewed
						
	Ireland	 	LA CROSS	 	8	 	113907	 	7/8/1982	 	Renewed 2003
						
	Ireland	 	LIP QUENCHER	 	3	 	90044	 	6/10/1976	 	Renewed 1998
						
	Ireland	 	NEW LENGTHS	 	3	 	117219	 	7/4/1985	 	Renewed 1992
						
	Ireland	 	REJUVIA	 	3	 	113908	 	7/8/1982	 	Renewed 1991
						
	Ireland	 	SALLY HANSEN (#1)	 	3	 	80188	 	12/17/1974	 	Renewed 1992
						
	Ireland	 	SALLY HANSEN (#2)	 	 	 	113910	 	7/1/1983	 	Renewed 2004
						
	Ireland	 	SALLY HANSEN (#3)	 	 	 	113911	 	7/1/1983	 	Renewed 2004

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Ireland	 	SALLY HANSEN HARD AS
NAILS	 	3	 	88763	 	2/27/1980	 	Renewed 1996
						
	Ireland	 	SALLY HANSEN KWIK AID	 	3	 	113905	 	7/8/1982	 	Renewed 2003
						
	Ireland	 	SALLY HANSEN LONG ‘N
STRONG	 	3	 	113902	 	7/8/1982	 	Renewed 2003
						
	Ireland	 	SALLY HANSEN NAIL
SMOOTHE	 	3	 	113903	 	7/8/1982	 	Renewed 2003
						
	Ireland	 	SALLY HANSEN
PROTECT-A-NAIL	 	3	 	112179	 	10/23/1980	 	Renewed
						
	Ireland	 	SALLY HANSEN SCRIPT	 	3	 	113899	 	7/8/1983	 	Renewed 2003
						
	Ireland	 	SALLY HANSEN SUPER
SHINE	 	3	 	113901	 	7/8/1982	 	Renewed 2003
						
	Israel	 	HARD AS NAILS	 	 	 	33468	 	3/25/1971	 	Registered
						
	Israel	 	LA CROSS	 	8	 	115459	 	10/21/1997	 	Renewed 2004
						
	Israel	 	N.Y.C. NEW YORK COLOR
LOGO	 	 	 	134,306	 	4/3/2001	 	Registered
						
	Israel	 	SALLY HANSEN	 	 	 	33470	 	3/25/1971	 	Renewed 1992
						
	Italy	 	CORN SILK	 	 	 	697,098	 	12/18/1996	 	Renewal in process
						
	Italy	 	HARD AS NAILS	 	 	 	606480	 	10/22/1990	 	Renewal in process
						
	Italy	 	LIP QUENCHER	 	3	 	762011	 	9/27/1982	 	Renewed 1996
						
	Italy	 	PROPA P.H.	 	 	 	734269	 	7/28/1981	 	Renewed 1997
						
	Italy	 	SALLY HANSEN	 	3	 	624756	 	6/16/1994	 	Renewal in process
						
	Jamaica	 	SALLY HANSEN	 	 	 	30052	 	7/2/1996	 	Renewal in process
						
	Japan	 	CORN SILK	 	 	 	1571445	 	3/28/1983	 	Renewed 2003
						
	Japan	 	FLAME GLOW	 	 	 	1996504	 	11/20/1987	 	Renewed 1997
						
	Japan	 	HARD AS NAILS	 	 	 	1352234	 	10/31/1978	 	Renewed 1998
						
	Japan	 	HARD AS NAILS (KATAKANA)	 	 	 	1814814	 	10/31/1985	 	(NF) Registered
						
	Japan	 	LA CROSS	 	8	 	4219203	 	12/11/1998	 	Registered
						
	Japan	 	LIP QUENCHER	 	 	 	 	 	 	 	Pending (check sta
						
	Japan	 	N.Y.C. NEW YORK COLOR
LOGO	 	3	 	4,496,207	 	8/3/2001	 	Registered
						
	Japan	 	NATURAL GLOW BY
NATURISTI	 	 	 	3314315	 	5/30/1997	 	Registered

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Japan	 	NATURISTICS	 	 	 	2710901	 	10/31/1995	 	Registered
						
	Japan	 	NEW LENGTHS (#1)	 	 	 	2117985	 	2/21/1989	 	Renewed 1999
						
	Japan	 	NEW LENGTHS (#2)	 	3	 	2258138	 	8/30/1990	 	Renewed 2000
						
	Japan	 	SALLY HANSEN (#1)	 	 	 	1846913	 	3/26/1986	 	(NF) Registered
						
	Japan	 	SALLY HANSEN (#2)	 	 	 	2432201	 	7/31/1992	 	Renewed
						
	Japan	 	SALLY HANSEN (#3)	 	 	 	3198564	 	9/30/1996	 	(NF) Registered
						
	Japan	 	SALLY HANSEN (#4)	 	 	 	 	 	 	 	(NF) Pending
						
	Japan	 	SALLY HANSEN (IN
KATAKANA) (	 	3	 	1696173	 	6/21/1984	 	Renewed 2004
						
	Japan	 	SALLY HANSEN (IN
KATAKANA) (	 	3	 	1782217	 	6/25/1985	 	Registered
						
	Japan	 	SALLY HANSEN (IN
KATAKANA) (	 	3	 	4032468	 	7/25/1997	 	Registered
						
	Japan	 	SALLY HANSEN HARD
AS NAILS	 	3	 	1418998	 	5/30/1980	 	Re-Renewed 2000
						
	Japan	 	SALLY HANSEN
MAXIMUM GRO	 	 	 	2314769	 	6/28/1991	 	Renewed
						
	Japan	 	SALLY HANSEN MEGA
SHINE IN	 	3	 	 	 	 	 	Pending application
						
	Japan	 	SALLY HANSEN NAIL
PROTEX IN	 	3	 	 	 	 	 	Pending application
						
	Jordan	 	HARD AS NAILS	 	3	 	27922	 	1/3/1990	 	Renewed 1997
						
	Jordan	 	SALLY HANSEN	 	 	 	27657	 	1/3/1990	 	Renewed 1997
						
	Kazakhstan	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	15522	 	9/3/2003	 	Registered 2004
						
	Korea	 	HARD AS NAILS	 	 	 	208739	 	1/25/1991	 	Renewed 2001
						
	Korea	 	SALLY HANSEN	 	3	 	199144	 	8/28/1990	 	Renewed 2000
						
	Korea	 	SALLY HANSEN IN
ENG. & KOREAN	 	3	 	 	 	 	 	Pending
						
	Kuwait	 	HARD AS NAILS	 	3	 	22306	 	1/31/1990	 	Renewed
						
	Kuwait	 	SALLY HANSEN	 	 	 	22305	 	1/31/1990	 	Renewed
						
	Latvia	 	HARD AS NAILS	 	3	 	M53707	 	8/20/2004	 	Registered
						
	Latvia	 	LA CROSS	 	3	 	M53798	 	8/20/2004	 	Registered
						
	Latvia	 	SALLY HANSEN	 	3	 	M53706	 	8/20/2004	 	Registered
						
	Lebanon	 	PROPA P.H.	 	3	 	69,343	 	7/3/1996	 	Renewed
						
	Lebanon	 	SALLY HANSEN	 	 	 	70172	 	9/17/1996	 	Registered
						
	Lesotho	 	HARD AS NAILS	 	 	 	LSM/91/00	 	4/18/1991	 	Renewed 2003

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Lesotho	 	SALLY HANSEN	 	3	 	90/01569	 	10/24/1979	 	Renewed in 2002
						
	Malawi	 	HARD AS NAILS	 	3	 	148/82	 	5/24/1982	 	Renewed 1989
						
	Malawi	 	LA CROSS	 	8	 	149/82	 	5/24/1982	 	Registered
						
	Malawi	 	SALLY HANSEN (#1)	 	3	 	152/82	 	5/24/1982	 	Renewed 1991
						
	Malawi	 	SALLY HANSEN(#2)	 	8	 	153/82	 	5/24/1982	 	Renewed 1991
						
	Malaysia	 	CORN SILK	 	 	 	93/08798	 	11/9/1993	 	Renewed
						
	Malaysia	 	FLAME GLOW	 	 	 	 	 	 	 	Pending (check
sta
						
	Malaysia	 	HARD AS NAILS	 	 	 	M/B68297	 	4/22/1975	 	(NF) Registered
						
	Malaysia	 	LA CROSS	 	8	 	91/06290	 	10/5/1991	 	Registered
						
	Malaysia	 	NATURISTICS	 	 	 	 	 	 	 	Pending (check sta
						
	Malaysia	 	NUTRI-TONIC	 	 	 	 	 	 	 	Pending (check sta
						
	Malaysia	 	QUENCHER	 	 	 	91/05972	 	9/26/1991	 	(NF) Registered
						
	Malaysia	 	REJUVIA	 	 	 	91/05970	 	9/26/1991	 	(NF) Registered
						
	Malaysia	 	SALLY HANSEN (#1)	 	 	 	14273	 	6/6/1975	 	Renewed 1997
						
	Malaysia	 	SALLY HANSEN (#2)	 	3	 	19026	 	5/31/1975	 	Renewed 1996
						
	Malaysia	 	SALLY HANSEN (IN SCRIPT)	 	 	 	68296	 	4/22/1975	 	Renewed 1996
						
	Mauritius	 	HARD AS NAILS	 	 	 	A24/99	 	5/19/1982	 	Registered
						
	Mauritius	 	LA CROSS	 	 	 	A24/100	 	5/19/1982	 	Registered
						
	Mauritius	 	SALLY HANSEN	 	 	 	A24/97	 	5/19/1982	 	Registered
						
	Mexico	 	BE-LONG	 	3	 	465420	 	6/30/1994	 	Renewal pending
						
	Mexico	 	CORN SILK	 	 	 	422991	 	9/30/1992	 	Renewed
						
	Mexico	 	DRY KWIK	 	3	 	443971	 	10/11/1993	 	Renewed 2004
						
	Mexico	 	HARD AS NAILS	 	 	 	509540	 	11/8/1995	 	Renewed
						
	Mexico	 	KWIK-AID	 	3	 	443646	 	10/6/1993	 	Renewed 2004
						
	Mexico	 	LA CROSS (#1)	 	8	 	400458	 	10/7/1991	 	Renewed
						
	Mexico	 	LA CROSS (#2)	 	8	 	512866	 	12/12/1995	 	Registered
						
	Mexico	 	LA CROSS (#4)	 	8	 	 	 	 	 	Pending
						
	Mexico	 	LA CROSS (#5)	 	 	 	360963	 	4/10/1989	 	Renewed 2004
						
	Mexico	 	LIP QUENCHER	 	 	 	416998	 	6/24/1992	 	Renewed

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Mexico	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	668927	 	8/28/2000	 	Registered
						
	Mexico	 	NATURISTICS	 	 	 	435201	 	6/3/1993	 	Renewed 2003
						
	Mexico	 	NEW LENGTHS	 	3	 	443647	 	10/6/1993	 	Renewed 2004
						
	Mexico	 	NEW YORK COLOR	 	3	 	 	 	 	 	Pending
						
	Mexico	 	NO MORE BREAKS	 	 	 	443972	 	10/11/1993	 	Renewed 2004
						
	Mexico	 	SALLY HANSEN	 	3	 	490929	 	5/3/1995	 	Renewal pending
						
	Mexico	 	SALLY HANSEN
INSTANT STRENGTH	 	3	 	443973	 	10/11/1993	 	Renewed 2004
						
	Mexico	 	SALLY HANSEN
MAXIMUM GRO	 	3	 	446496	 	11/15/1993	 	Renewed 2004
						
	Mexico	 	SALLY HANSEN NO
CHIP	 	3	 	443974	 	10/11/1993	 	Renewed 2004
						
	Mexico	 	SALLY HANSEN
PROFESSIONAL	 	21	 	493188	 	5/26/1995	 	Renewal in process
						
	Mexico	 	SALLY HANSEN
PROFESSIONAL	 	8	 	493189	 	5/26/1995	 	Renewal in process
						
	Mexico	 	SALLY HANSEN
PROFESSIONAL	 	3	 	493187	 	5/26/1995	 	Renewal in process
						
	Mexico	 	SUPERSHINE	 	3	 	503491	 	9/12/1995	 	Renewed 2004
						
	Mexico	 	TRIPLE STRONG	 	3	 	571964	 	2/27/1998	 	Registered
						
	Morocco	 	HARD AS NAILS	 	3	 	64032	 	9/29/1997	 	Registered
						
	Morocco	 	SALLY HANSEN	 	 	 	64031	 	9/29/1997	 	Registered
						
	Namibia	 	HARD AS NAILS	 	3	 	91/0352	 	4/9/1991	 	Renewed
						
	Namibia	 	NEW LENGTHS	 	3	 	85/1053	 	11/19/1995	 	Renewed 1995
						
	Namibia	 	SALLY HANSEN	 	3	 	79/841	 	6/29/1979	 	Renewed 2004
						
	Netherlands-Antilles	 	HARD AS NAILS	 	 	 	02872	 	9/21/1971	 	(NF) Renewed 200
						
	Netherlands-Antilles	 	LIP QUENCHER	 	 	 	02870	 	8/23/1977	 	Renewed 2002
						
	Netherlands-Antilles	 	SALLY HANSEN	 	 	 	02871	 	9/21/1971	 	Renewed 2002
						
	New Zealand	 	CORN SILK	 	 	 	78955	 	6/30/1966	 	Renewal in process
						
	New Zealand	 	HARD AS NAILS	 	 	 	98100	 	9/1/1971	 	Registered
						
	New Zealand	 	LIP QUENCHER	 	 	 	116093	 	6/22/1976	 	Renewed 1997
						
	New Zealand	 	NATURISTICS	 	3	 	248260	 	4/19/1995	 	Renewed (2001)

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	New Zealand	 	NEW LENGTHS	 	 	 	159605	 	7/8/1985	 	Renewed 1992
						
	New Zealand	 	SALLY HANSEN	 	 	 	98099	 	9/1/1971	 	Renewed 1992
						
	Nicaragua	 	CORN SILK	 	3	 	22811	 	6/5/1970	 	Renewed
						
	Nigeria	 	LIP QUENCHER	 	 	 	28384	 	6/24/1976	 	Renewed 1997
						
	Norway	 	HARD AS NAILS	 	 	 	86957	 	1/18/1973	 	Renewed 2003
						
	Norway	 	SALLY HANSEN	 	 	 	87382	 	2/22/1973	 	Renewed 2003
						
	Pakistan	 	HARD AS NAILS	 	 	 	101720	 	3/6/1989	 	Renewed 1997
						
	Pakistan	 	SALLY HANSEN	 	 	 	101721	 	3/6/1989	 	Renewed 1996
						
	Panama	 	CORN SILK	 	3	 	25020	 	7/1/1980	 	Renewed in process
						
	Panama	 	FLAME-GLO	 	 	 	20180	 	1/21/1976	 	Renewed 1996
						
	Panama	 	FRIZZ TAMER	 	3	 	68025	 	4/3/1995	 	Registered
						
	Panama	 	HARD AS NAILS	 	 	 	16784	 	8/29/1972	 	Renewal filed
						
	Panama	 	LA CROSS (#1)	 	8	 	62029	 	7/17/1992	 	Renewed 2004
						
	Panama	 	LA CROSS (#2)	 	3	 	61464	 	2/18/1994	 	Renewed 2004
						
	Panama	 	LIP QUENCHER	 	 	 	61467	 	2/3/1994	 	Renewed 2004
						
	Panama	 	NATURAL GLOW	 	 	 	81019	 	5/28/1996	 	Registered
						
	Panama	 	NEW LENGTHS	 	3	 	39642	 	8/4/1986	 	Renewed 1996
						
	Panama	 	SALLY HANSEN	 	8	 	32188	 	11/1/1972	 	Renewed 1992
						
	Paraguay	 	HARD AS NAILS	 	3	 	225,577	 	6/2/2000	 	Renewed
						
	Paraguay	 	SALLY HANSEN	 	3	 	225,645	 	6/2/2000	 	Renewed
						
	Peru	 	HARD AS NAILS	 	 	 	43375	 	2/11/1982	 	Renewed 2001
						
	Peru	 	LA CROSS	 	8	 	96391	 	3/25/1992	 	Renewed 2002
						
	Peru	 	SALLY HANSEN	 	3	 	96529	 	4/7/1992	 	Renewed 2003
						
	Philippines	 	CORN SILK	 	3	 	 	 	 	 	Pending
						
	Philippines	 	CORN SILK & DESIGN	 	3	 	 	 	 	 	Pending
						
	Philippines	 	HARD AS NAILS	 	3	 	46220	 	8/25/1989	 	Affidavit in process
						
	Philippines	 	N.Y.C. NEW YORK COLOR	 	3	 	 	 	 	 	Pending

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Philippines	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	 	 	 	 	Pending
						
	Philippines	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	 	 	 	 	Pending
						
	Philippines	 	SALLY HANSEN	 	3	 	45936	 	8/7/1989	 	Affidavit in process
						
	Poland	 	HARD AS NAILS	 	3	 	81373	 	3/9/1992	 	Renewed 2003
						
	Poland	 	NATURAL GLOW	 	3	 	111,461	 	12/13/1999	 	Registered
						
	Poland	 	SALLY HANSEN	 	3	 	80118	 	3/9/1992	 	Renewal in process
						
	Portugal	 	HARD AS NAILS	 	 	 	185694	 	10/17/1978	 	Renewal in process
						
	Portugal	 	LA CROSS	 	 	 	161203	 	4/12/1960	 	Renewed 2000
						
	Portugal	 	SALLY HANSEN	 	3	 	185936	 	11/17/1981	 	Declaration of Intent
						
	Puerto Rico	 	CORN SILK	 	 	 	24726	 	5/20/1983	 	Registered
						
	Puerto Rico	 	CORN SILK (& DESIGN)	 	 	 	24727	 	5/20/1983	 	Registered
						
	Puerto Rico	 	HARD AS NAILS (#1)	 	 	 	21949	 	4/26/1979	 	Renewal in process
						
	Puerto Rico	 	LA CROSS	 	 	 	22009	 	4/26/1979	 	Renewed
						
	PUERTO RICO	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	58361	 	10/5/2004	 	Registered
						
	Puerto Rico	 	NATURAL GLOW	 	3	 	30994-A	 	7/29/1992	 	Renewed 2003
						
	Puerto Rico	 	NATURISTICS (#1)	 	4	 	30995	 	10/5/1992	 	Registered
						
	Puerto Rico	 	NATURISTICS (#2)	 	6	 	30996	 	10/5/1992	 	Registered
						
	Puerto Rico	 	NUTRI-TONIC	 	 	 	21951	 	4/26/1979	 	Renewed
						
	Puerto Rico	 	ORAJEL PERIOSEPTIC	 	5	 	35972	 	2/24/1995	 	Renewal in process
						
	Puerto Rico	 	SALLY HANSEN	 	 	 	21952	 	4/26/1979	 	Renewed
						
	Puerto Rico	 	SALLY HANSEN
PROFESSIONAL	 	8	 	35889	 	2/9/1995	 	Renewal in process
						
	Puerto Rico	 	SALLY HANSEN
PROFESSIONAL	 	3	 	35887	 	2/9/1995	 	Renewal in process
						
	Puerto Rico	 	SALLY HANSEN
PROFESSIONAL	 	21	 	35890	 	2/9/1995	 	Renewal in process
						
	Romania	 	SALLY HANSEN	 	3	 	22351	 	12/8/1994	 	Renewal pending
						
	Russia	 	HARD AS NAILS	 	 	 	86747	 	10/16/1989	 	Renewed 1999
						
	Russia	 	LA CROSS	 	8	 	 	 	 	 	Pending
						
	Russia	 	SALLY HANSEN	 	3	 	86748	 	10/16/1989	 	Renewed 1999
						
	Sabah	 	HARD AS NAILS	 	 	 	19027	 	5/31/1975	 	Registered
						
	Sarawak	 	HARD AS NAILS	 	 	 	14274	 	6/6/1975	 	Registered

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Saudi Arabia	 	SALLY HANSEN	 	3	 	315/34	 	7/26/1994	 	Registered
						
	Singapore	 	CORN SILK	 	 	 	T93/07750	 	6/30/1966	 	Renewed 2004
						
	Singapore	 	HARD AS NAILS	 	3	 	T74/60629	 	4/22/1974	 	Renewed 2004
						
	Singapore	 	LIP QUENCHER	 	3	 	T87/00460	 	2/4/1974	 	Renewed 2004
						
	Singapore	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	T00/05291	 	3/31/2000	 	Registered
						
	Singapore	 	SALLY HANSEN	 	3	 	T74/60626	 	4/22/1974	 	Renewed 2004
						
	Slovak Rep	 	HARD AS NAILS	 	3	 	181693	 	8/14/1998	 	Renewal in process
						
	Slovak Rep	 	SALLY HANSEN	 	3	 	181692	 	8/14/1998	 	Renewal in process
						
	South Africa	 	HOURS LONGER	 	3	 	79/5905	 	11/7/1979	 	Renewed 1999
						
	South Africa	 	SALLY HANSEN	 	3	 	78/1086	 	3/6/1978	 	Renewed 1997
						
	South Africa	 	BE-LONG	 	 	 	72/0628	 	1/24/1972	 	Renewed 2001
						
	South Africa	 	CORN SILK (#1)	 	 	 	65/2799	 	7/14/1965	 	Registered
						
	South Africa	 	CORN SILK (#2)	 	 	 	70/4734	 	10/2/1970	 	Renewed
						
	South Africa	 	LA CROSS	 	 	 	57/3009	 	9/24/1957	 	Renewed
						
	South Africa	 	LIP QUENCHER	 	 	 	76/3141	 	6/23/1976	 	Renewed
						
	South Africa	 	MEND-A-NAIL	 	 	 	72/0627	 	1/24/1972	 	Renewed
						
	South Africa	 	NAIL BITER	 	 	 	76/3608	 	7/15/1976	 	Renewed 1996
						
	South Africa	 	NEW LENGTHS	 	3	 	85/4920	 	7/8/1985	 	Renewed 1995
						
	South Africa	 	REJUVIA	 	3	 	76/3450	 	7/7/1976	 	Renewed
						
	South Africa	 	SALLY HANSEN	 	3	 	B70/4197	 	10/4/1971	 	Renewed 2003
						
	South Africa	 	SALLY HANSEN
PROFESSIONAL	 	3	 	95/00437	 	1/17/1995	 	Renewed 2004
						
	South Africa	 	SUPER SHINE	 	3	 	79/5904	 	11/7/1979	 	Renewed 1999
						
	South Africa	 	TWO TO BLUSH	 	3	 	79/5908	 	11/7/1979	 	Renewed
						
	Spain	 	CORN SILK	 	 	 	1797781	 	1/7/1994	 	Renewed 2004

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Spain	 	HARD AS NAILS	 	 	 	550187	 	10/21/1978	 	Re-Renewal due
						
	Spain	 	NATURISTICS	 	 	 	 	 	 	 	Pending
						
	Spain	 	PROPA P.H.	 	 	 	926101	 	11/30/1979	 	Renewed 2000
						
	Spain	 	SALLY HANSEN (#2)	 	3	 	2108440	 	8/4/1997	 	Registered
						
	Swaziland	 	HARD AS NAILS	 	3	 	105/1911	 	4/22/1991	 	Renewal in
process
						
	Swaziland	 	SALLY HANSEN	 	3	 	426/1979	 	9/24/1970	 	Renewal in
process
						
	Switzerland	 	HARD AS NAILS	 	 	 	316753	 	11/9/1981	 	Renewed 2001
						
	Switzerland	 	SALLY HANSEN	 	 	 	324691	 	3/20/1983	 	(NF) Registered
						
	Taiwan	 	HARD AS NAILS	 	3	 	278934	 	4/15/1985	 	Renewal in
process
						
	Taiwan	 	LA CROSS	 	 	 	361135	 	12/15/1987	 	Registered
						
	Taiwan	 	LIP QUENCHER	 	 	 	376234	 	9/16/1987	 	Registered
						
	Taiwan	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	988,812	 	6/16/2002	 	Registered
						
	Taiwan	 	SALLY HANSEN	 	3	 	278931	 	4/15/1985	 	Renewal in
process
						
	Thailand	 	NATURISTICS	 	3	 	86601	 	2/24/1998	 	Registered
						
	Thailand	 	SALLY HANSEN (#1)	 	3	 	68579	 	5/16/1979	 	Renewed 7/99
						
	Thailand	 	SALLY HANSEN (#2)	 	 	 	12288	 	2/6/1990	 	Renewed 2004
						
	Thailand	 	SALLY HANSEN
HARD AS NAILS	 	 	 	92649	 	6/3/1999	 	Registered for 10 y
						
	Transkei	 	NEW LENGTHS	 	3	 	85/0991	 	11/27/1985	 	Renewed 1995
						
	Trinidad	 	SALLY HANSEN	 	 	 	21655	 	3/28/1995	 	Registered
						
	Turkey	 	SALLY HANSEN	 	3	 	2003/24696	 	9/17/2003	 	Pending
						
	UAE	 	SALLY HANSEN	 	3	 	18527	 	9/21/1998	 	Registered
						
	UK	 	BRONZ SILK	 	 	 	1523350	 	1/11/1993	 	Renewed 1/00 for
						
	UK	 	CORN SILK	 	 	 	1160480	 	8/29/1981	 	Renewed
						
	UK	 	FLAME-GLO	 	 	 	986240	 	1/20/1972	 	Renewed
						
	UK	 	HARD AS NAILS (#1)	 	3	 	1062704	 	5/11/1976	 	Renewed
						
	UK	 	HARD AS NAILS (#2)	 	3	 	922491	 	3/15/1968	 	Renewed 2003
						
	UK	 	HARD AS NAILS (#3)	 	3	 	922492	 	3/15/1968	 	Renewed 2003
						
	UK	 	LIP QUENCHER	 	3	 	1063088	 	5/18/1976	 	Renewed 1997
						
	UK	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	2226237	 	3/17/2000	 	B&W and Color co

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	UK	 	SALLY HANSEL
LONG’N STRONG	 	 	 	1080294	 	6/27/1977	 	Renewed 1998
						
	UK	 	SALLY HANSEN	 	 	 	980888	 	9/24/1971	 	Renewed
						
	UK	 	SALLY HANSEN (IN
SCRIPT) (#1)	 	 	 	1062705	 	5/11/1976	 	Renewed 1997
						
	UK	 	SALLY HANSEN (IN
SCRIPT) (#2)	 	 	 	1137933	 	7/29/1980	 	Renewed
						
	UK	 	SALLY HANSEN (IN
SCRIPT) (#3)	 	 	 	1156980	 	7/8/1981	 	Renewed in 2002
						
	UK	 	SALLY HANSEN NEW
LENGTHS	 	3	 	1239468	 	4/10/1985	 	Renewed 1992
						
	UK	 	SALLY HANSEN
PROTECT-A-NAIL	 	 	 	1047875	 	6/9/1975	 	Renewed
						
	UK	 	SALLY HANSEN SUPER
SHINE	 	 	 	1080293	 	6/27/1977	 	Renewed
						
	Ukraine	 	HARD AS NAILS	 	3	 	9925	 	6/30/1998	 	Renewed 2004
						
	Ukraine	 	N.Y.C. NEW YORK
COLOR LOGO	 	3	 	37,652	 	2/16/2004	 	Registered 2004
						
	Ukraine	 	SALLY HANSEN	 	3	 	9924	 	6/30/1998	 	Renewed 2004
						
	Uruguay	 	HARD AS NAILS	 	3	 	322,221	 	6/15/2000	 	Renewal of 232.72
						
	Uruguay	 	SALLY HANSEN	 	 	 	268489	 	2/29/1984	 	Renewed 2004
						
	Venda	 	NEW LENGTHS	 	3	 	85/0857	 	11/25/1985	 	Renewed 1995
						
	Venezuela	 	CORN SILK	 	 	 	53774	 	12/5/1967	 	Renewal in process
						
	Venezuela	 	DRI-KWIK	 	3	 	100369	 	8/20/1982	 	Renewal in process
						
	Venezuela	 	LA CROSS	 	8	 	113189	 	8/21/1985	 	Renewal in process
						
	Venezuela	 	LIP QUENCHER	 	 	 	87921	 	9/13/1978	 	Renewal in process
						
	Venezuela	 	NATURISTICS	 	3	 	 	 	 	 	Pending
						
	Venezuela	 	SALLY HANSEN	 	 	 	76020-F	 	5/24/1974	 	Renewal in process
						
	Venezuela	 	SALLY HANSEN HARD
AS NAILS	 	3	 	113188-F	 	8/21/1985	 	Renewal in process
						
	Venezuela	 	SALLY HANSEN MEND-
A-NAIL	 	 	 	112219	 	12/17/1984	 	Renewal in process
						
	Venezuela	 	SUPER SHINE	 	3	 	100497	 	8/30/1982	 	Renewal in process
						
	Vietnam	 	HARD AS NAILS	 	 	 	7744	 	11/20/1992	 	Renewed 2003
						
	Vietnam	 	SALLY HANSEN	 	3	 	7138	 	12/29/1992	 	Renewed 2003

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Zambia	 	HARD AS NAILS	 	3	 	150/82	 	5/24/1982	 	Registered
						
	Zambia	 	LA CROSS	 	 	 	151/82	 	5/26/1984	 	Registered
						
	Zambia	 	SALLY HANSEN (#1)	 	8	 	154/82	 	5/26/1982	 	Renewed 1989
						
	Zambia	 	SALLY HANSEN (#2)	 	 	 	155/82	 	5/26/1982	 	(NF) Registered
						
	Zimbabwe	 	SALLY HANSEN	 	3	 	904/80	 	8/15/1980	 	Renewed

  
 8. Foreign
Registrations and Applications of Del Pharmaceuticals, Inc. 
  

											
	Country

	 	Trademark

	 	Class

	 	Registration No.

	 	Registration Date

	 	Status

	Andorra	 	ORAJEL	 	5	 	1143	 	12/16/1996	 	Registered
						
	Argentina	 	ORAJEL	 	 	 	1717314	 	1/27/1999	 	Registered
						
	Aruba	 	ARTHRICARE	 	 	 	19032	 	3/16/1998	 	Registered
						
	Aruba	 	ORAJEL	 	5	 	 	 	 	 	Pending
						
	Australia	 	ORAJEL	 	 	 	255364	 	1/24/1972	 	Renewed 1992
						
	Bahamas	 	ORAJEL	 	3	 	13286	 	4/5/1989	 	Registered
						
	Barbados	 	ORAJEL	 	5	 	81/8321	 	2/18/1999	 	Registered
						
	Benelux	 	BABY ORAJEL	 	 	 	377063	 	10/14/1981	 	Renewed 2002
						
	Benelux	 	ORAJEL	 	 	 	377064	 	10/14/1981	 	Renewed 2002
						
	Bermuda	 	ORAJEL	 	 	 	31508	 	2/18/2000	 	Registered
						
	Bolivia	 	ORAJEL	 	 	 	83261	 	3/8/2001	 	Registered
						
	Botswana	 	ORAJEL	 	 	 	BW/M/98/0	 	2/10/1998	 	Registered
						
	Brazil	 	ORAJEL	 	 	 	816730512	 	10/10/1995	 	Registered
						
	Canada	 	ARTHRICARE	 	 	 	414177	 	7/2/1993	 	Registered
						
	Canada	 	AURO	 	 	 	121356	 	3/3/1961	 	Renewed 1975
						
	Canada	 	AURO-DRI	 	 	 	512914	 	7/16/1999	 	Registered
						
	Canada	 	BABY ORAJEL	 	 	 	275139	 	12/24/1982	 	Renewed 1997
						
	Canada	 	BOIL-EASE	 	 	 	227239	 	4/14/1978	 	Registered
						
	Canada	 	DERMAREST	 	 	 	371574	 	8/3/1990	 	Renewed 2004
						
	Canada	 	DETANE	 	 	 	272111	 	8/27/1982	 	Renewed 11/96
						
	Canada	 	DIABETAID	 	5	 	 	 	 	 	Pending
						
	Canada	 	DIAPERGUARD	 	 	 	406824	 	1/8/1993	 	Registered
						
	Canada	 	DON’T	 	 	 	120665	 	12/30/1960	 	Intent to Abandon
						
	Canada	 	DOUBLE ICE	 	 	 	406187	 	12/11/1992	 	Registered
						
	Canada	 	DRICORT	 	 	 	452082	 	12/22/1995	 	Registered
						
	Canada	 	GENTLE NATURALS	 	5	 	 	 	 	 	Pending

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Canada	 	N.Y.C. NEW YORK
COLOR LOGO	 	9,14	 	 	 	 	 	Pending
						
	Canada	 	OFF-EZY	 	 	 	341418	 	6/10/1988	 	Renewal pending
						
	Canada	 	ORAJEL (#2)	 	 	 	515,547	 	8/26/1999	 	Registered
						
	Canada	 	ORA-JEL (WITH THE
HYPHEN)	 	 	 	108353	 	10/12/1957	 	Re-Renewed 2001
						
	Canada	 	ORA-JEL (WITH THE
HYPHEN)	 	 	 	163859	 	7/11/1969	 	Renewed 1985
						
	Canada	 	ORAJEL DENTURE	 	 	 	508218	 	2/22/1999	 	Registered
						
	Canada	 	ORAJEL MOUTH-AID	 	 	 	406936	 	1/15/1993	 	Registered
						
	Canada	 	ORAJEL
PERIOSEPTIC	 	 	 	456312	 	3/29/1996	 	Registered
						
	Canada	 	PRONTO	 	 	 	376489	 	11/30/1990	 	(NF) Registered
						
	Canada	 	PROPA P.H.	 	 	 	145609	 	6/3/1966	 	Registered
						
	Canada	 	RECOVER	 	 	 	215032	 	7/23/1976	 	Registered
						
	Canada	 	TANAC	 	 	 	188295	 	2/2/1973	 	Re-renewed 6/21/0
						
	Canada	 	TRIPTONE	 	 	 	408157	 	2/12/1993	 	Registered
						
	Chile	 	ARTHRICARE	 	 	 	551351	 	10/28/1999	 	Registered for 10 y
						
	Chile	 	BOIL-EASE	 	 	 	369803	 	3/19/1980	 	Renewed 1991
						
	Chile	 	ORAJEL	 	5	 	607630	 	11/8/2001	 	Registered
						
	Chile	 	ORA-JEL (WITH THE
HYPHEN)	 	 	 	628,206	 	4/19/2002	 	Renewed 2003
						
	China	 	ORAJEL	 	5	 	760312	 	8/14/1995	 	Registered
						
	Colombia	 	ORAGEL (APPLN FROM
BUSSIE)	 	5	 	271,069	 	2/7/2003	 	Registered
						
	Colombia	 	ORAJEL	 	5	 	276,486	 	9/30/2003	 	Registered
						
	Colombia	 	ORA-JEL	 	5	 	279,189	 	9/30/2003	 	Registered
						
	Costa Rica	 	ORAJEL	 	 	 	81839	 	1/7/1993	 	Renewed 2003
						
	CTM	 	ORAJEL	 	5	 	165449	 	11/30/1998	 	Registered
						
	Dom. Rep.	 	ORAJEL	 	5	 	111,947	 	4/30/2000	 	Registered
						
	Ecuador	 	ORAJEL	 	5	 	2037-97	 	8/6/1997	 	Registered
						
	Egypt	 	ORAJEL	 	5	 	82709	 	3/28/1992	 	Re-Renewed
						
	France	 	ORAJEL	 	5	 	1368896	 	8/28/1986	 	Renewed 1996
						
	Germany	 	ORAJEL	 	 	 	1109525	 	8/4/1987	 	Renewed 2004
						
	Germany	 	PROPA P.H.	 	 	 	985669	 	5/21/1979	 	Renewed 1996
						
	Greece	 	ORAJEL	 	5	 	108437	 	4/3/1992	 	Renewed 2001
						
	Guatemala	 	ORAJEL	 	 	 	 	 	 	 	(NF) Pending

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Honduras	 	ARTHRICARE	 	 	 	 	 	 	 	Pending
						
	Honduras	 	ORAJEL	 	 	 	66923	 	12/17/1996	 	Registered
						
	Hong Kong	 	ORAJEL	 	5	 	1156/88	 	12/15/1986	 	Registered
						
	Hungary	 	ORAJEL	 	 	 	163580	 	2/8/2001	 	Registered
						
	India	 	ORAJEL	 	5	 	 	 	 	 	Pending
						
	Indonesia	 	ORAJEL	 	5	 	417511	 	1/23/1989	 	Renewed 1999
						
	Indonesia	 	PROPA P.H.	 	3	 	288203	 	2/18/1993	 	Registered
						
	Ireland	 	ORAJEL	 	5	 	70539	 	5/25/1966	 	Renewed
						
	Israel	 	BABY ORAJEL	 	 	 	78580	 	1/6/1994	 	Renewed 1997
						
	Israel	 	ORAJEL	 	 	 	27611	 	4/10/1969	 	Renewed in 2002
						
	Israel	 	PROPA P.H.	 	5	 	78581	 	2/2/1994	 	Registered
						
	Israel	 	TANAC	 	5	 	78582	 	2/2/1994	 	Registered
						
	Italy	 	ORAJEL	 	 	 	449904	 	11/14/1997	 	Registered
						
	Italy	 	TANAC	 	 	 	733653	 	9/29/1986	 	Renewed 1997
						
	Japan	 	BABY ORAJEL	 	 	 	4152339	 	6/5/1998	 	Registered
						
	Japan	 	ORAJEL	 	 	 	4152338	 	6/5/1998	 	Registered
						
	Japan	 	ORAJEL (IN KATAKANA)	 	5	 	2248538	 	7/30/1990	 	Renewal in process
						
	Japan	 	PROPA P.H.	 	 	 	1289289	 	8/9/1977	 	Registered
						
	Japan	 	PROPA P.H. (IN KATAKANA)	 	 	 	1348684	 	9/29/1978	 	Renewed 1998
						
	Korea	 	DETANE	 	5	 	484,216	 	12/26/2000	 	Registered
						
	Korea	 	DIAPER GUARD	 	 	 	263104	 	5/17/1993	 	Renewed 2003
						
	Korea	 	ORADEL	 	 	 	 	 	 	 	Pending
						
	Korea	 	ORAGEL	 	 	 	 	 	 	 	(NF) Pending
						
	Korea	 	ORAGEL (IN ROMAN CHARACTERS	 	5	 	556,320	 	8/13/2003	 	Registered
						
	Korea	 	ORAJEL	 	5	 	 	 	 	 	Pending
						
	Korea	 	ORAJEL	 	5	 	 	 	 	 	Pending
						
	KOREA	 	ORAJEL (IN KOREAN CHARACTERS	 	5	 	556,321	 	8/13/2003	 	Registered
						
	Lebanon	 	ORAJEL	 	 	 	 	 	 	 	(NF) Pending
						
	Lesotho	 	ORAJEL	 	 	 	 	 	 	 	(NF) Pending
						
	Liechtenstein	 	CALTRIM	 	 	 	3168	 	9/8/1970	 	Registered
						
	Malaysia	 	ORAJEL	 	 	 	92/01679	 	3/18/1992	 	Renewed 1999
						
	Mexico	 	ARTHRICARE	 	5	 	 	 	 	 	Pending
						
	Mexico	 	DIABETAID	 	5	 	852017	 	9/21/2004	 	Registered

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	Mexico	 	GENTLE NATURALS	 	5	 	 	 	 	 	 
						
	Mexico	 	ORAJEL	 	 	 	531406	 	9/23/1996	 	Registered
						
	Mexico	 	PRONTO	 	5	 	555886	 	6/6/1997	 	Renewed 2003
						
	Namibia	 	ORAJEL	 	 	 	96/0611	 	5/24/1996	 	Registered
						
	Netherlands-Antilles	 	ARTHRICARE	 	 	 	2869	 	12/13/2001	 	Renewed
						
	Netherlands-Antilles	 	ORAJEL	 	5	 	02868	 	8/15/2001	 	Renewed
						
	Netherlands-Antilles	 	PRONTO	 	5	 	08487	 	4/8/2002	 	Registered
						
	New Zealand	 	ORAJEL	 	5	 	174686	 	9/7/1987	 	Renewed 1994
						
	New Zealand	 	ORAJEL (LOGO)	 	5	 	270161	 	11/28/1996	 	Renewal pending
						
	Pakistan	 	ORAJEL	 	5	 	103062	 	7/6/1989	 	Renewed 1996
						
	Panama	 	ORAJEL	 	 	 	50679	 	2/21/1990	 	Renewed 2000
						
	Paraguay	 	ORAJEL	 	5	 	181318	 	10/13/1995	 	Registered
						
	Peru	 	ORAJEL	 	5	 	100,394	 	10/12/1986	 	Renewal in process
						
	Philippines	 	ORAJEL	 	5	 	 	 	 	 	Pending
						
	Philippines	 	PROPA P.H. (#2)	 	 	 	4-1997-117	 	10/18/2001	 	Registered
						
	Poland	 	ORAJEL	 	5	 	78160	 	3/9/1992	 	Renewal in process
						
	Poland	 	PROPA P.H.	 	5	 	80117	 	3/9/1992	 	Renewed 2003
						
	Puerto Rico	 	COVERMED	 	5	 	36454	 	5/19/1995	 	Registered
						
	Puerto Rico	 	ORAJEL	 	5	 	44.398	 	12/23/1998	 	Registered
						
	Puerto Rico	 	ORA-JEL	 	5	 	21946	 	4/26/1979	 	Renewed
						
	Puerto Rico	 	PROPA P.H.	 	 	 	23514	 	6/10/1981	 	Renewed 2003
						
	Russia	 	ORAJEL	 	5	 	131752	 	10/1/1993	 	Renewed 2004
						
	Saudi Arabia	 	ORAJEL	 	 	 	254/29	 	2/25/1992	 	Renewed
						
	Saudi Arabia	 	PRONTO	 	 	 	254/30	 	2/25/1992	 	Renewed 2002
						
	Singapore	 	ORAJEL	 	5	 	T89/01797	 	3/29/1989	 	Renewed 2003
						
	South Africa	 	DERMAREST	 	 	 	88/4833	 	6/20/1988	 	Renewed 1998
						
	South Africa	 	ORAJEL	 	5	 	96/04813	 	4/11/1996	 	Registered
						
	South Africa	 	ORA-JEL	 	5	 	67/0510	 	2/13/1967	 	Registered

											
	Country

	 	Trademark

	 	Class

	 	Registration
No.

	 	Registration
Date

	 	Status

	South Africa	 	PRONTO	 	 	 	88/4834	 	6/20/1988	 	Renewed 1998
						
	South Africa	 	RECOVER	 	 	 	75/3465	 	7/4/1975	 	Renewed 1995
						
	South Africa	 	TANAC	 	5	 	95/08445	 	7/3/1995	 	Registered
						
	Spain	 	BABY ORAJEL	 	 	 	1693103	 	3/27/1992	 	Renewed 2003
						
	Spain	 	ORAJEL	 	5	 	1928652	 	10/28/1994	 	Renewed 2004
						
	Spain	 	ORA-JEL	 	 	 	488411	 	2/27/1967	 	Tax paid 3/97; renew
						
	Swaziland	 	ORAJEL	 	5	 	533/96	 	8/2/1996	 	Registered
						
	Sweden	 	ORAJEL	 	5	 	365779	 	2/27/2004	 	Registered
						
	Switzerland	 	CALTRIM	 	 	 	376332	 	10/7/1989	 	Registered
						
	Switzerland	 	NIX-NAP	 	 	 	379145	 	1/12/1990	 	Registered
						
	Switzerland	 	ORAJEL	 	5	 	429421	 	3/24/1995	 	Renewed 2004
						
	Taiwan	 	ORAJEL	 	5	 	136041	 	9/6/1980	 	Renewed
						
	Thailand	 	ORAJEL	 	5	 	62402	 	9/2/1987	 	Renewed 1997
						
	Trinidad	 	ORAJEL	 	5	 	30412	 	1/11/2001	 	Registered
						
	Turkey	 	ORAJEL	 	5	 	124,447	 	1/25/2001	 	Registered
						
	UK	 	ORAJEL	 	 	 	893046	 	4/12/1966	 	Renewed
						
	UK	 	PROPA P.H. (#1)	 	5	 	1100795	 	8/30/1978	 	Renewed
						
	Ukraine	 	ORAJEL	 	5	 	12120	 	9/6/1994	 	Renewed 2004
						
	Uruguay	 	ORAJEL	 	5	 	284690	 	4/3/1997	 	Registered
						
	Venezuela	 	ORAJEL	 	5	 	 	 	 	 	Pending
						
	Venezuela	 	ORA-JEL	 	5	 	86549	 	5/3/1978	 	Renewal in process
						
	Vietnam	 	ORAJEL	 	 	 	6087	 	9/18/1992	 	Renewed 2002

  
 B. Trademarks Licenses 
  
 1. Trademarks Licensed by Del Laboratories, Inc. as Licensor 
  

					
	 Party

	  	Date of
Agreement

	  	 Brief Description

	 Del Laboratories (Canada) Inc.
	  	01/01/2000	  	Use of Del Laboratories (U.S.) Inc.’s Canadian marks in Canada

 2. Trademarks Licensed by Del Pharmaceuticals, Inc. as Licensor 
  

					
	 Party

	  	Date of
Agreement

	  	 Brief Description

	 Imyu Corporation
	  	04/01/1990	  	Use of PROPA P.H. mark in Japan, Indonesia and Thailand
			
	 Signal Investment & Management Co.
	  	05/12/1998	  	Use of CORN SILK and BRONZ SILK marks in the United Kingdom
			
	 Del Pharmaceuticals (Canada) Inc.
	  	01/01/2000	  	Use of Del Pharmaceuticals (U.S.) Inc.’s Canadian marks in Canada

 Schedule 7 
  

COMMERCIAL TORT CLAIMS 
  
 None. 

 Annex I 
 to 
 Guarantee and Collateral Agreement 
  
 ASSUMPTION AGREEMENT, dated as of
                    , 200  , made by
                                , a
                                 corporation (the “Additional
Grantor”), in favor of JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the banks and other financial institutions (the “Lenders”) parties to the Credit
Agreement referred to below. All capitalized terms not defined herein shall have the meaning ascribed to them in such Credit Agreement. 
  
 RECITALS 
  
 A. DLI Acquisition Corp., the Lenders and the Administrative Agent have entered into a Credit Agreement, dated as of January
[    ], 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”); 
  
 B. In connection with the Credit Agreement, DLI Acquisition Corp., Del Laboratories, Inc. and certain of its Affiliates (other than the Additional
Grantor) have entered into the Guarantee and Collateral Agreement, dated as of January [    ], 2005 (as amended, supplemented or otherwise modified from time to time, the “Guarantee and Collateral
Agreement”) in favor of the Administrative Agent for the benefit of the Agents and the Lenders; 
  
 C. WHEREAS, the Credit Agreement requires the Additional Grantor to become a party to the Guarantee and Collateral Agreement; and 
  
 D. WHEREAS, the Additional Grantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Guarantee and Collateral Agreement; 
  
 NOW, THEREFORE, IT IS AGREED: 
  
 1. Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and
Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly guarantees the Borrower Obligations as set forth in
Section 2 thereof, grants the Administrative Agent, for the benefit of the Secured Parties, a security interest in its property as set forth in Section 3 thereof, and assumes all other obligations and liabilities of a Grantor set forth therein. The
information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules                     * to the Guarantee and Collateral Agreement. The Additional Grantor hereby represents and warrants that each of the
representations and warranties contained in Section 4 of the Guarantee and Collateral Agreement is true and correct in all material respects on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such
date. 
  
 2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT
SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE 

	*	 	Refer to each Schedule which needs to be supplemented. 

 LAW OF THE STATE OF NEW YORK. THE PROVISIONS OF SECTIONS 8.1, 8.3, 8.4, 8.5, 8.7, 8.8, 8.9, 8.10, 8.12, 8.13 AND 8.16
OF THE GUARANTEE AND COLLATERAL AGREEMENT SHALL APPLY WITH LIKE EFFECT TO THIS ASSUMPTION AGREEMENT, AS FULLY AS IF SET FORTH AT LENGTH HEREIN. 
  
 IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written. 

 

			
	[ADDITIONAL GRANTOR]
		
	By:	 	  

	Name:	 	 
	Title:	 	 

 Annex II 
 to 
 Guarantee and Collateral Agreement 
  
 ACKNOWLEDGEMENT AND CONSENT 
  
 The undersigned hereby acknowledges receipt of a copy of the Guarantee and Collateral Agreement dated as of
January [    ], 2005 (the “Agreement”), made by the Grantors parties thereto for the benefit of JPMorgan Chase Bank, N.A., as Administrative Agent. The undersigned agrees for the benefit of the
Agents and the Lenders as follows: 
  
 1. The undersigned will be
bound by the terms of the Agreement and will comply with such terms insofar as such terms are applicable to the undersigned. 
  
 2. The undersigned will notify the Administrative Agent promptly in writing of the occurrence of any of the events described in Section 5.8(a) of the
Agreement. 
  
 3. The terms of Sections 6.3(a) and 6.7 of the
Agreement shall apply to it with respect to all actions that may be required of it pursuant to Section 6.3(a) or 6.7 of the Agreement. 
  

			
	[NAME OF ISSUER]
		
	By	 	  

	Title	 	  

	
	Address for Notices:
	
	  

	  

	Fax:	 	 

 Annex III 
 to 
 Guarantee and Collateral Agreement 
  
 FORM OF INTELLECTUAL PROPERTY SECURITY AGREEMENT 
  
 This INTELLECTUAL PROPERTY SECURITY AGREEMENT, dated as of January 27, 2005 (as amended, supplemented or otherwise
modified from time to time, the “Intellectual Property Security Agreement”), is made by each of the signatories hereto (collectively, the “Grantors”) in favor of JPMorgan Chase Bank, N.A., as administrative agent
(in such capacity, the “Administrative Agent”) for the Secured Parties (as defined in the Credit Agreement referred to below). 
  
 A. DLI Acquisition Corp., a Delaware corporation (the “Borrower”) and DLI Holding II Corp., a Delaware corporation,
(“Holdings”), have entered into a Credit Agreement, dated as of January 27, 2005 (as amended, supplemented, or otherwise modified from time to time, the “Credit Agreement”), with the banks, financial institutions
and other entities (the “Lenders”) from time to time party thereto, J.P. Morgan Securities Inc. and Bear, Stearns & Co. Inc., as joint lead arrangers and joint bookrunners, Bear Stearns Corporate Lending Inc., as syndication
agent, Deutsche Bank Securities Inc., as co-agent and documentation agent and the Administrative Agent. 
  
 B. It is a condition precedent to the obligation of the Lenders to make their respective extensions of credit to the Borrower under the Credit Agreement
that the Grantors shall have executed and delivered that certain Guarantee and Collateral Agreement, dated as of January 27, 2005 in favor of the Administrative Agent (as amended, supplemented, replaced or otherwise modified from time to time, the
“Guarantee and Collateral Agreement”). Capitalized terms used and not defined herein have the meanings given such terms in the Credit Agreement or the Guarantee and Collateral Agreement, as applicable. 
  
 C. Under the terms of the Guarantee and Collateral Agreement, the Grantors
have granted a security interest in certain Property, including, without limitation, certain Intellectual Property of the Grantors to the Administrative Agent for the benefit of the Secured Parties, and have agreed as a condition thereof to execute
this Intellectual Property Security Agreement for recording with the United States Patent and Trademark Office, the United States Copyright Office, and other applicable Governmental Authorities. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Grantors agree as follows: 
  
 SECTION 1. Grant of Security. Each Grantor hereby grants to the Administrative Agent for the benefit of the Secured Parties a security interest in and to all of such Grantor’s right, title and interest in
and to all of the following, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations (as defined in the Guarantee and
Collateral Agreement): 
  
 (a) (i) all United States trademarks,
service marks, trade names, domain names, corporate names, company names, business names, trade dress, trade styles, logos, or other indicia of origin or source identification, and all registrations of and applications to register the foregoing
(except for “intent-to-use” applications for trademark or service mark registrations filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051) and any new renewals thereof, including each registration and application
identified in Schedule 1, (ii) the right to sue or otherwise recover for any and all past, present and future infringements and dilutions thereof, (iii) all income, royalties, damages and other payments 

 
now and hereafter due and/or payable with respect thereto (including payments under all licenses entered into in connection therewith, and damages and
payments for past, present or future infringements and dilutions thereof), and (iv) all other rights of any kind whatsoever accruing thereunder or pertaining thereto, together in each case with the goodwill of the business connected with the use of,
and symbolized by, each of the above (collectively, the “Trademarks”); 
  
 (b) (i) all United States patents, patent applications and patentable inventions, including, without limitation, each issued patent and patent application identified on Schedule 1, (ii) all inventions and improvements
described and claimed therein, (iii) the right to sue or otherwise recover for any and all past, present and future infringements thereof, (iv) all income, royalties, damages and other payments now and hereafter due and/or payable with respect
thereto (including payments under all licenses entered into in connection therewith, and damages and payments for past, present or future infringements thereof), and (v) all reissues, divisions, continuations, continuations-in-part, substitutes,
renewals, and extensions thereof, all improvements thereon and all other rights of any kind whatsoever accruing thereunder or pertaining thereto (collectively, the “Patents”); 
  
 (c) (i) all United States copyrights, whether or not the underlying works of
authorship have been published, and all copyright registrations and copyright applications, and any renewals or extensions thereof, including each registration identified on Schedule 1, (ii) the right to sue or otherwise recover for any and all
past, present and future infringements thereof, (iii) all income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including, without limitation, payments under all licenses entered into in connection
therewith, and damages and payments for past, present or future infringements thereof), and (iv) all other rights of any kind whatsoever accruing thereunder or pertaining thereto (collectively, the “Copyrights”); 
  
 (d) any and all proceeds of the foregoing.  
  
 SECTION 2. Recordation. Each Grantor authorizes and requests that the
United States Register of Copyrights or the United States Commissioner of Patents and Trademarks, as applicable, record this Intellectual Property Security Agreement. 
  
 SECTION 3. Execution in Counterparts. This Agreement may be executed in any number of counterparts (including by
telecopy), each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
  
 SECTION 4. Governing Law. This Intellectual Property Security Agreement shall be governed by, and construed and interpreted in accordance with, the
law of the State of New York. 
  
 SECTION 5. Conflict
Provision. This Intellectual Property Security Agreement has been entered into in conjunction with the provisions of the Guarantee and Collateral Agreement and the Credit Agreement. The rights and remedies of each party hereto with respect to
the security interest granted herein are without prejudice to, and are in addition to those set forth in the Guarantee and Collateral Agreement and the Credit Agreement, all terms and provisions of which are incorporated herein by reference. In the
event that any provisions of this Intellectual Property Security Agreement are in conflict with the Guarantee and Collateral Agreement or the Credit Agreement, the provisions of the Guarantee and Collateral Agreement or the Credit Agreement shall
govern. 
  

 IN WITNESS WHEREOF, each of the undersigned has caused this Intellectual Property Security Agreement to
be duly executed and delivered as of the date first above written. 
  

			
	 [NAME OF GRANTOR]

		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

  

					
	STATE OF	  	)	  	 
	 	  	:	  	ss.:
	COUNTY OF	  	)	  	 

  
 On this
     day of                     , 20    , before me personally appeared
                        , proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to
the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the entity upon behalf of which the person acted executed the instrument. 
  

	
	
	 
	 Notary Public

	
	 My commission expires:

			
	 JPMORGAN CHASE BANK, N.A.,
 as Administrative Agent

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:

 Schedule 1 
  

United States Trademarks 
  
  
  
 United States Patents 
  
  
  
 United States CopyrightsIndenture

 Exhibit 4.4 
  

  
 DLI ACQUISITION CORP. 
  
 to be merged with and into

  
 DEL LABORATORIES, INC. 
  
 AND EACH OF THE SUBSIDIARY GUARANTORS FROM TIME TO TIME 
 PARTY HERETO 
  
 8% SENIOR SUBORDINATED NOTES DUE 2012 
  

  
 INDENTURE 
  
 Dated as of January 27, 2005 
  

  
 Wells Fargo Bank, National
Association 
  
 Trustee 
  

  

 CROSS-REFERENCE TABLE* 
  

			
	 Trust Indenture
 Act Section

	  	Indenture Section

	 310(a)(1)
	  	7.10
	       (a)(2)
	  	7.10
	       (a)(3)
	  	N.A.
	       (a)(4)
	  	N.A.
	       (a)(5)
	  	7.10
	       (b)
	  	7.10
	       (c)
	  	N.A.
	 311(a)
	  	7.11
	       (b)
	  	7.11
	       (c)
	  	N.A.
	 312(a)
	  	2.05
	       (b)
	  	13.03
	       (c)
	  	13.03
	 313(a)
	  	7.06
	       (b)(1)
	  	N.A.
	       (b)(2)
	  	7.06; 7.07
	       (c)
	  	7.06; 13.02
	       (d)
	  	7.06
	 314(a)
	  	4.03;13.02; 13.05
	       (b)
	  	N.A.
	       (c)(1)
	  	13.04
	       (c)(2)
	  	13.04
	       (c)(3)
	  	N.A.
	       (d)
	  	N.A.
	       (e)
	  	13.05
	       (f)
	  	N.A.
	 315(a)
	  	7.01
	       (b)
	  	7.05; 13.02
	       (c)
	  	7.01
	       (d)
	  	7.01
	       (e)
	  	6.11
	 316(a) (last sentence)
	  	2.09
	       (a)(1)(A)
	  	6.05
	       (a)(1)(B)
	  	6.04
	       (a)(2)
	  	N.A.
	       (b)
	  	6.07
	       (c)
	  	2.12
	 317(a)(1)
	  	6.08
	       (a)(2)
	  	6.09
	       (b)
	  	2.04
	 318(a)
	  	13.01
	       (b)
	  	N.A.
	       (c)
	  	13.01

 N.A. means not applicable. 

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

 TABLE OF CONTENTS 
  

					
	 	  	Page

	 	  	ARTICLE 1	  	 
	 	  	DEFINITIONS AND INCORPORATION	  	 
	 	  	BY REFERENCE	  	 
			
	 Section 1.01
	  	Definitions.	  	1
	 Section 1.02
	  	Other Definitions.	  	34
	 Section 1.03
	  	Incorporation by Reference of Trust Indenture Act.	  	34
	 Section 1.04
	  	Rules of Construction.	  	35
			
	 	  	ARTICLE 2	  	 
	 	  	THE NOTES	  	 
			
	 Section 2.01
	  	Form and Dating.	  	35
	 Section 2.02
	  	Execution and Authentication.	  	36
	 Section 2.03
	  	Registrar and Paying Agent.	  	36
	 Section 2.04
	  	Paying Agent to Hold Money in Trust.	  	37
	 Section 2.05
	  	Holder Lists.	  	37
	 Section 2.06
	  	Transfer and Exchange.	  	37
	 Section 2.07
	  	Replacement Notes.	  	50
	 Section 2.08
	  	Outstanding Notes.	  	50
	 Section 2.09
	  	Treasury Notes.	  	50
	 Section 2.10
	  	Temporary Notes.	  	50
	 Section 2.11
	  	Cancellation.	  	51
	 Section 2.12
	  	Defaulted Interest.	  	51
			
	 	  	ARTICLE 3	  	 
	 	  	REDEMPTION AND PREPAYMENT	  	 
			
	 Section 3.01
	  	Notices to Trustee.	  	51
	 Section 3.02
	  	Selection of Notes to Be Redeemed or Purchased.	  	51
	 Section 3.03
	  	Notice of Redemption.	  	52
	 Section 3.04
	  	Effect of Notice of Redemption.	  	53
	 Section 3.05
	  	Deposit of Redemption or Purchase Price.	  	53
	 Section 3.06
	  	Notes Redeemed or Purchased in Part.	  	54
	 Section 3.07
	  	Optional Redemption.	  	54
	 Section 3.08
	  	Mandatory Redemption.	  	55
			
	 	  	ARTICLE 4	  	 
	 	  	COVENANTS	  	 
			
	 Section 4.01
	  	Payment of Notes.	  	55
	 Section 4.02
	  	Maintenance of Office or Agency.	  	56
	 Section 4.03
	  	SEC Reports.	  	56
	 Section 4.04
	  	Compliance Certificate.	  	57
	 Section 4.05
	  	[Intentionally Omitted]	  	57
	 Section 4.06
	  	Stay, Extension and Usury Laws.	  	57
	 Section 4.07
	  	Limitation on Restricted Payments.	  	57
	 Section 4.08
	  	Limitation on Restrictions on Distributions from Restricted Subsidiaries.	  	62
	 Section 4.09
	  	Limitation on Indebtedness.	  	63
	 Section 4.10
	  	Limitation on Sales of Assets and Subsidiary Stock.	  	66
	 Section 4.11
	  	Limitation on Transactions with Affiliates.	  	70

  

 i 

					
	 .Section 4.12
	  	Limitation on Liens.	  	72
	 Section 4.13
	  	Business Activities.	  	72
	 Section 4.14
	  	Corporate Existence.	  	72
	 Section 4.15
	  	Offer to Repurchase Upon Change of Control.	  	72
	 Section 4.16
	  	No Layering of Debt.	  	74
	 Section 4.17
	  	Limitation on the Sale or Issuance of Preferred Stock of Restricted Subsidiaries.	  	75
	 Section 4.18
	  	Future Subsidiary Guarantors.	  	75
			
	 	  	ARTICLE 5	  	 
	 	  	SUCCESSORS	  	 
			
	 Section 5.01
	  	Merger and Consolidation.	  	75
	 Section 5.02
	  	Successor Corporation Substituted.	  	76
			
	 	  	ARTICLE 6	  	 
	 	  	DEFAULTS AND REMEDIES	  	 
			
	 Section 6.01
	  	Default.	  	76
	 Section 6.02
	  	Acceleration.	  	78
	 Section 6.03
	  	Other Remedies.	  	78
	 Section 6.04
	  	Waiver of Past Defaults.	  	78
	 Section 6.05
	  	Control by Majority.	  	78
	 Section 6.06
	  	Limitation on Suits.	  	79
	 Section 6.07
	  	Rights of Holders of Notes to Receive Payment.	  	79
	 Section 6.08
	  	Collection Suit by Trustee.	  	79
	 Section 6.09
	  	Trustee May File Proofs of Claim.	  	79
	 Section 6.10
	  	Priorities.	  	80
	 Section 6.11
	  	Undertaking for Costs.	  	80
			
	 	  	ARTICLE 7	  	 
	 	  	TRUSTEE	  	 
			
	 Section 7.01
	  	Duties of Trustee.	  	80
	 Section 7.02
	  	Rights of Trustee.	  	81
	 Section 7.03
	  	Individual Rights of Trustee.	  	82
	 Section 7.04
	  	Trustee’s Disclaimer.	  	82
	 Section 7.05
	  	Notice of Defaults.	  	82
	 Section 7.06
	  	Reports by Trustee to Holders of the Notes.	  	82
	 Section 7.07
	  	Compensation and Indemnity.	  	83
	 Section 7.08
	  	Replacement of Trustee.	  	83
	 Section 7.09
	  	Successor Trustee by Merger, etc.	  	84
	 Section 7.10
	  	Eligibility; Disqualification.	  	84
	 Section 7.11
	  	Preferential Collection of Claims Against Company.	  	85
			
	 	  	ARTICLE 8	  	 
	 	  	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  	 
			
	 Section 8.01
	  	Option to Effect Legal Defeasance or Covenant Defeasance.	  	85
	 Section 8.02
	  	Legal Defeasance and Discharge.	  	85
	 Section 8.03
	  	Covenant Defeasance.	  	85
	 Section 8.04
	  	Conditions to Legal or Covenant Defeasance.	  	86
	 Section 8.05
	  	Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions.	  	87
	 Section 8.06
	  	Repayment to Company.	  	88
	 Section 8.07
	  	Reinstatement.	  	88

  

 ii 

					
	 	  	ARTICLE 9	  	 
	 	  	AMENDMENT, SUPPLEMENT AND WAIVER	  	 
			
	 Section 9.01
	  	Without Consent of Holders of Notes.	  	88
	 Section 9.02
	  	With Consent of Holders of Notes.	  	89
	 Section 9.03
	  	Compliance with Trust Indenture Act.	  	91
	 Section 9.04
	  	Revocation and Effect of Consents.	  	91
	 Section 9.05
	  	Notation on or Exchange of Notes.	  	91
	 Section 9.06
	  	Trustee to Sign Amendments, etc.	  	91
			
	 	  	ARTICLE 10	  	 
	 	  	SUBORDINATION	  	 
			
	 Section 10.01
	  	Agreement to Subordinate.	  	92
	 Section 10.02
	  	Liquidation; Dissolution; Bankruptcy.	  	92
	 Section 10.03
	  	Default on Designated Senior Indebtedness.	  	92
	 Section 10.04
	  	Acceleration of Notes.	  	93
	 Section 10.05
	  	When Distribution Must Be Paid Over.	  	93
	 Section 10.06
	  	Notice by Company.	  	94
	 Section 10.07
	  	Subrogation.	  	94
	 Section 10.08
	  	Relative Rights.	  	94
	 Section 10.09
	  	Subordination May Not Be Impaired by Company.	  	94
	 Section 10.10
	  	Distribution or Notice to Representative.	  	95
	 Section 10.11
	  	Rights of Trustee and Paying Agent.	  	95
	 Section 10.12
	  	Authorization to Effect Subordination.	  	95
			
	 	  	ARTICLE 11	  	 
	 	  	SUBSIDIARY GUARANTEES	  	 
			
	 Section 11.01
	  	Guarantee.	  	95
	 Section 11.02
	  	Subordination of the Subsidiary Guarantees	  	97
	 Section 11.03
	  	Limitation on Subsidiary Guarantor Liability.	  	101
	 Section 11.04
	  	Delivery of Subsidiary Guarantee.	  	101
	 Section 11.05
	  	Subsidiary Guarantors May Consolidate, etc., on Certain Terms.	  	101
	 Section 11.06
	  	Releases.	  	102
			
	 	  	ARTICLE 12	  	 
	 	  	SATISFACTION AND DISCHARGE	  	 
			
	 Section 12.01
	  	Satisfaction and Discharge.	  	103
	 Section 12.02
	  	Application of Trust Money.	  	104
	 Section 12.03
	  	Repayment to Company.	  	104
			
	 	  	ARTICLE 13	  	 
	 	  	MISCELLANEOUS	  	 
			
	 Section 13.01
	  	Trust Indenture Act Controls.	  	104
	 Section 13.02
	  	Notices.	  	105
	 Section 13.03
	  	Communication by Holders of Notes with Other Holders of Notes.	  	106
	 Section 13.04
	  	Certificate and Opinion as to Conditions Precedent.	  	106
	 Section 13.05
	  	Statements Required in Certificate or Opinion.	  	106
	 Section 13.06
	  	Rules by Trustee and Agents.	  	106
	 Section 13.07
	  	No Personal Liability of Directors, Officers, Employees and Stockholders.	  	106
	 Section 13.08
	  	Governing Law.	  	107
	 Section 13.09
	  	No Adverse Interpretation of Other Agreements.	  	107

  

 iii 

					
	 Section 13.10
	  	Successors.	  	107
	 Section 13.11
	  	Severability.	  	107
	 Section 13.12
	  	Counterpart Originals.	  	107
	 Section 13.13
	  	Table of Contents, Headings, etc.	  	107

  

					
	 	  	EXHIBITS	  	 
		
	 Exhibit A
	  	FORM OF NOTE
	 Exhibit B
	  	FORM OF CERTIFICATE OF TRANSFER
	 Exhibit C
	  	FORM OF CERTIFICATE OF EXCHANGE
	 Exhibit D
	  	FORM OF CERTIFICATE OF ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR
	 Exhibit E
	  	FORM OF SUPPLEMENTAL INDENTURE FOR FUTURE SUBSIDIARY GUARANTORS
	 Exhibit F
	  	FORM OF FIRST SUPPLEMENTAL INDENTURE RELATING TO THE ACQUISITION

  

 iv 

 INDENTURE dated as of January 27, 2005 among DLI Acquisition Corp., a Delaware corporation, which will be
merged with and into Del Laboratories, Inc., a Delaware corporation, with Del Laboratories, Inc. continuing as the surviving corporation, the Subsidiary Guarantors (as defined) and Wells Fargo Bank, National Association, as trustee. 
  
 The Company, the Subsidiary Guarantors and the Trustee agree as follows for
the benefit of each other and for the equal and ratable benefit of the Holders (as defined) of the 8% Senior Subordinated Notes due 2012 (the “Notes”): 
  
 ARTICLE 1 
 DEFINITIONS AND INCORPORATION 
 BY REFERENCE 
  

Section 1.01 Definitions. 
  
 “144A Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private
Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A. 

 
 “Acquisition” means the acquisition of Del Laboratories,
Inc. by DLI Acquisition Corp. pursuant to the Acquisition Agreement. 
  
 “Acquisition Agreement” means the Agreement and Plan of Merger among Del Laboratories, Inc., DLI Holding Corp. and DLI Acquisition Corp., dated as of July 1, 2004, as the same may be amended, modified or supplemented from
time to time. 
  
 “Additional Notes” means
additional Notes (other than (x) the Initial Notes, (y) any Exchange Note or (z) any Note issued pursuant to Sections 2.06(a), (c), (e) or (f), Section 2.07 or Section 2.10 hereof) issued under this Indenture in accordance with Sections 2.02 and
4.09 hereof, as part of the same series as the Initial Notes. 
  
 “Additional Assets” means:  
  
 (1) any property or assets (other than Indebtedness and Capital Stock) to be used by the Company or a Restricted Subsidiary in a Permitted Business; or 
  
 (2) the Capital Stock of a Restricted Subsidiary or of a Person that becomes a Restricted Subsidiary as a
result of the acquisition of such Capital Stock by the Company or another Restricted Subsidiary. 
  
 “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” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
  
 “Agent” means any Registrar, co-registrar, Paying Agent or additional paying agent. 

 “Applicable Procedures” means, with respect to any transfer or exchange of or for
beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 
  
 “Asset Disposition” means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions)
by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation, or similar transaction (each referred to for the purposes of this definition as a “disposition”), of: 
  
 (1) any shares of Capital Stock of a Restricted Subsidiary
(other than directors’ qualifying shares or shares required by applicable law to be held by a Person other than the Company or a Restricted Subsidiary); 
  

(2) all or substantially all the assets of any division or line of business of the Company or any Restricted Subsidiary; or 

 
 (3) any other assets of the Company or any Restricted
Subsidiary outside of the ordinary course of business of the Company or such Restricted Subsidiary; 
  
 other than, in the case of (1), (2) and (3) above, 
  
 (a) a disposition by a Restricted Subsidiary to the Company or to another Restricted Subsidiary or by the Company to a Restricted
Subsidiary; 
  
 (b) for purposes of the
provisions of Section 4.10 hereof only, a disposition subject to Section 4.07 hereof; 
  
 (c) any transaction or series of related transactions for which the Company or its Restricted Subsidiaries receive aggregate consideration
of less than $5.0 million; 
  
 (d) the sale,
lease, conveyance, disposition or other transfer of all or substantially all of the assets of the Company as permitted under Section 5.01 hereof; 
  
 (e) the sale or discount, in each case without recourse, of accounts receivable arising in the ordinary course of business, but only in
connection with the compromise or collection thereof; 
  
 (f) the factoring of accounts receivable arising in the ordinary course of business pursuant to arrangements customary in the industry; 
  
 (g) the licensing of intellectual property; 
  
 (h) disposals or replacements of obsolete equipment in the ordinary course of business; 
  
 (i) sales of accounts receivable and related assets of the
type specified in the definition of “Qualified Receivables Transaction” to a Receivables Entity; 
  
 (j) transfers of accounts receivable and related assets of the type specified in the definition of “Qualified Receivables
Transaction” (or a fractional undivided interest therein) by a Receivables Entity in a Qualified Receivables Transaction; and 

 (k) leases or subleases to third persons not interfering in any material respect with the
business of the Company or any of its Restricted Subsidiaries. 
  
 “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 scheduled 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. 
  
 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.

  
 “Board of Directors” of the Company or any
other Person means (i) with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on behalf of such board; (ii) with respect to a partnership, the Board of Directors of the general
partner of the partnership; (iii) with respect to a limited liability company, the managing member or members or any controlling committee of managing members thereof; and (iv) with respect to any other Person, the board or committee of such Person
serving a similar function. 
  
 “Board of Directors
Approval” means the approval of a transaction by a majority of directors who do not have a personal stake in the transaction being voted upon, evidenced by a written resolution of the Board of Directors authorizing such transaction.

  
 “Broker-Dealer” has the meaning set forth in
the Registration Rights Agreement. 
  
 “Business
Day” means any day which is not a Legal Holiday. 
  
 “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, but excluding any debt securities convertible into or exchangeable for such equity. 
  
 “Capitalized Lease Obligations” means an obligation that is required to be classified and accounted for as a capital lease for financial
reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation shall be the amount of such obligation required to be reflected as a liability on a balance sheet prepared in accordance with GAAP; and the
Stated Maturity thereof shall be the date of the last payment of rent or any other similar amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 
  
 “Change of Control” means the occurrence of any of the
following events: 
  
 (1) any “person”
(as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of
more than 50% of the total voting power of the Voting Stock of the Company, provided that so long as the Company is a Subsidiary of a Parent, no Person shall be deemed to be or become a “beneficial owner” of more than 50% of the
total voting power of the Voting Stock of the Company unless such Person shall be or become a “beneficial owner” of more than 50% of the total voting power of the Voting Stock of such Parent; 

 (2) during any period of two consecutive years, individuals who at the beginning of such
period constituted the Board of Directors of the Company (together with any new individuals whose election by such Board of Directors of the Company or whose nomination for election by the stockholders of the Company was approved by any Permitted
Holder or a vote of a majority of the individuals of the Company then still in office who were either on the Board of Directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any
reason to constitute a majority of the Board of Directors of the Company; 
  
 (3) the adoption of a plan relating to the liquidation or dissolution of the Company; or 
  
 (4) the Company merges or consolidates with or into, or sells or transfers (in one or a series of related transactions) all or
substantially all of the assets of the Company and its Restricted Subsidiaries to, another Person (other than one or more Permitted Holders) and any “person” (as defined in clause (1) above), other than one or more Permitted Holders, is or
becomes the “beneficial owner” (as so defined), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the surviving Person in such merger or consolidation, or the transferee Person in such sale or
transfer of assets, as the case may be, provided that so long as such surviving or transferee Person is a Subsidiary of a Parent, no Person shall be deemed to be or become a “beneficial owner” of more than 50% of the total voting
power of the Voting Stock of such surviving or transferee Person unless such Person shall be or become a “beneficial owner” of more than 50% of the total voting power of the Voting Stock of such Parent. 
  
 For purposes of the foregoing, no Person who is a member of a
“group” (as so defined) or a “beneficial owner” (as so defined) in respect of any such Voting Stock solely as a consequence of any agreement or arrangement with Permitted Holders shall be deemed a member of such “group”
or such a “beneficial owner” for so long as (without giving effect to such agreement or arrangement) the Permitted Holders “beneficially own” (as so defined) a percentage of the total voting power of the Voting Stock of the
Company (or any Parent or such surviving or transferee Person, as the case may be) at such time equal to or greater than that “beneficially owned” (as so defined) by such other Person. 
  
 “Clearstream” means Clearstream Banking, S.A. 
  
 “Closing Date” means January 27, 2005. 
  
 “Code” means the Internal Revenue Code of 1986, as amended.

  
 “Commodity Agreements” means, in respect of a
Person, any commodity futures contract, forward contract, option or similar agreement or arrangement (including derivative agreements or arrangements), as to which such Person is a party or beneficiary. 
  
 “Company” means (i) initially DLI Acquisition Corp., a
Delaware corporation; and (ii) at and subsequent to the merger of DLI Acquisition Corp. with and into Del Laboratories, Inc., a Delaware corporation, in connection with the Acquisition, Del Laboratories, Inc.; and any successor thereto.

  
 “Consolidated Coverage Ratio” as of any date
of determination means the ratio of (i) the aggregate amount of Consolidated EBITDA of the Company and its Restricted Subsidiaries for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for
which consolidated financial statements of the Company are available to (ii) Consolidated Interest 

 
Expense for such four fiscal quarters (in the case of each of clauses (i) and (ii)), determined, for each fiscal quarter (or portion thereof) of the four
fiscal quarters ending prior to the Closing Date, on a pro forma basis to give effect to the Acquisition as if it had occurred at the beginning of such four-quarter period), and subject and giving effect to the following adjustments: 
  
 (1) Incurrence of Indebtedness. If since the beginning of
such period the Company or any Restricted Subsidiary has Incurred any Indebtedness that remains outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is an Incurrence of
Indebtedness, Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving effect on a pro forma basis to such Indebtedness as if such Indebtedness had been Incurred on the first day of such period (except
that in making such computation, the amount of Indebtedness under any revolving credit facility outstanding on the date of such calculation shall be computed based on (A) the average daily balance of such Indebtedness during such four fiscal
quarters or such shorter period for which such facility was outstanding or (B) if such facility was created after the end of such four fiscal quarters, the average daily balance of such Indebtedness during the period from the date of creation of
such facility to the date of such calculation). 
  
 (2) Discharge of Indebtedness. If since the beginning of such period the Company or any Restricted Subsidiary has repaid, repurchased, redeemed, defeased or otherwise acquired, retired or discharged any Indebtedness (each, a
“Discharge”) or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio involves a Discharge of Indebtedness (in each case other than Indebtedness Incurred under any revolving credit facility unless such
Indebtedness has been permanently repaid and the commitments in respect thereof have been permanently terminated), Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving effect on a pro forma basis to
such Discharge of such Indebtedness, including with the proceeds of such new Indebtedness, as if such Discharge had occurred on the first day of such period. 
  

(3) Sales. If since the beginning of such period the Company or any Restricted Subsidiary shall have disposed of any company, any
business or any group of assets constituting an operating unit of a business (any such disposition, a “Sale”), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive)
attributable to the assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period and Consolidated Interest Expense for such period shall be
reduced by an amount equal to (A) the Consolidated Interest Expense attributable to any Indebtedness of the Company or any Restricted Subsidiary repaid, repurchased, redeemed, defeased or otherwise acquired, retired or discharged with respect to the
Company and its continuing Restricted Subsidiaries in connection with such Sale for such period (including but not limited to through the assumption of such Indebtedness by another Person) plus (B) if the Capital Stock of any Restricted Subsidiary
is sold, the Consolidated Interest Expense for such period attributable to the Indebtedness of such Restricted Subsidiary to the extent the Company and its continuing Restricted Subsidiaries are no longer liable for such Indebtedness after such
Sale. 
  
 (4) Purchase. If since the beginning of
such period the Company or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made an Investment in any Person that thereby becomes a Restricted Subsidiary, or otherwise acquired any company, any business or any group of
assets constituting an operating unit of a business, including any such Investment or acquisition occurring in connection with a transaction causing a calculation to be made hereunder (any such Investment or acquisition, a “Purchase”),
Consolidated EBITDA and 

 
Consolidated Interest Expense for such period shall be calculated after giving pro forma effect thereto (including the Incurrence of any related
Indebtedness), as if such Purchase occurred on the first day of such period. 
  
 (5) Adjustments for Acquired Person. If since the beginning of such period any Person became a Restricted Subsidiary or was merged or consolidated with or into the Company or any Restricted Subsidiary, and since the
beginning of such period such Person shall have Discharged any Indebtedness or made any Sale or Purchase that would have required an adjustment pursuant to clause (2), (3) or (4) above if made by the Company or a Restricted Subsidiary during such
period, Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving pro forma effect thereto as if such Discharge, Sale or Purchase occurred on the first day of such period. 
  
 For purposes of this definition, whenever pro forma effect is to be given to
any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto and the amount of Consolidated Interest Expense associated with any Indebtedness Incurred or repaid, repurchased, redeemed, defeased or otherwise acquired,
retired or discharged in connection therewith, the pro forma calculations in respect thereof (including without limitation in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as
determined in good faith by a responsible financial or accounting Officer of the Company. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest expense on such Indebtedness shall be calculated as if
the rate in effect on the date of determination had been the applicable rate for the entire period (taking into account any Interest Rate Agreement applicable to such Indebtedness to the extent of the remaining term of such Interest Rate Agreement).
If any Indebtedness bears, at the option of the Company or a Restricted Subsidiary, a rate of interest based on a prime or similar rate, a eurocurrency interbank offered rate or other fixed or floating rate, and such Indebtedness is being given pro
forma effect, the interest expense on such Indebtedness shall be calculated by applying such optional rate as the Company or such Restricted Subsidiary may designate. If any Indebtedness that is being given pro forma effect was Incurred under a
revolving credit facility, the interest expense on such Indebtedness shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on a Capitalized Lease Obligation shall be deemed to accrue at an
interest rate determined in good faith by a responsible financial or accounting officer of the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 
  
 “Consolidated EBITDA” means, for any period, the
Consolidated Net Income for such period, plus the following to the extent deducted in calculating such Consolidated Net Income: (i) provision for all taxes based on income, profits or capital, including, without limitation, state, franchise, value
added, foreign or similar taxes; (ii) Consolidated Interest Expense; (iii) depreciation, amortization (including but not limited to amortization of goodwill and intangibles and amortization and write-off of financing costs) and any non-cash
impairment charges related to goodwill, other intangibles or long-lived assets; (iv) any expenses or charges related to any Equity Offering, Investment or Indebtedness permitted by this Indenture (whether or not consummated or incurred); (v) the
amount of any minority interest expense; (vi) the amount, up to $1.2 million per year, paid to Kelso in respect of management, monitoring, consulting and advisory fees; (vii) any non-cash impairment charges resulting from the application of
Statement of Financial Accounting Standards No. 142 and 144, and the write-off, depreciation or amortization of intangibles arising pursuant to Statement of Financial Accounting Standards No. 141 and any other charges as a result of the application
of purchase accounting; (viii) other non-cash expenses reducing Consolidated Net Income for such period (including deferred rent but excluding any other such charge which requires an accrual of or reserve for cash charges for any future period); and
(ix) cash restructuring charges not to exceed $2.5 million per year and not to exceed $5.0 million in the aggregate. 

 “Consolidated Interest Expense” means, for any period, (i) the total interest expense of
the Company and its Restricted Subsidiaries to the extent deducted in calculating Consolidated Net Income, net of any interest income of the Company and its Restricted Subsidiaries, including without limitation any such interest expense consisting
of (a) interest expense attributable to Capitalized Lease Obligations; (b) amortization of debt discount; (c) the interest portion of any deferred payment obligation; (d) commissions, discounts and other fees and charges owed with respect to letters
of credit and bankers’ acceptance financing; and (e) to the extent not otherwise included in such interest expense, Receivables Fees; plus (ii) Preferred Stock dividends paid in cash in respect of Disqualified Stock of the Company held by
Persons other than the Company or a Restricted Subsidiary; and minus (iii) to the extent otherwise included in such interest expense, amortization or write-off of financing costs, in each case under clauses (i) through (iii) as determined on a
Consolidated basis in accordance with GAAP; provided, that gross interest expense shall be determined after giving effect to any net payments made or received by the Company and its Restricted Subsidiaries with respect to Interest Rate
Agreements. 
  
 “Consolidated Net Income” means,
for any period, the net income (loss) of the Company and its Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP and before any reduction in respect of Preferred Stock dividends; provided, that there shall not
be included in such Consolidated Net Income: 
  
 (1) any net income of any Person if such Person is not a Restricted Subsidiary or is accounted for by the equity method of accounting, except that the Company’s equity in the net income (but not loss) of any such Person for such period
shall be included in such Consolidated Net Income up to the aggregate amount actually distributed by such Person during such period to the Company 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 (3) below); 
  
 (2) any net income (loss) of any Restricted Subsidiary that is not a Subsidiary Guarantor if such Restricted Subsidiary is subject to
restrictions, directly or indirectly, on the payment of dividends or the making of similar distributions by such Restricted Subsidiary, directly or indirectly, to the Company by operation of the terms of such Restricted Subsidiary’s charter or
any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted Subsidiary or its stockholders (other than (x) restrictions that have been waived or otherwise released and (y) restrictions
pursuant to the Notes or this Indenture), except that the Company’s equity in the net income (but not loss) of any such Restricted Subsidiary for such period shall be included in such Consolidated Net Income up to the aggregate amount of any
dividend or distribution that was or that could have been made by such Restricted Subsidiary during such period to the Company or another Restricted Subsidiary and the Company’s equity in a net loss of any such Restricted Subsidiary for such
period shall be included in determining such Consolidated Net Income up to the amount of loans, advances or other contributions, if any, made to such Restricted Subsidiary by the Company or any other Restricted Subsidiary during such period;

  
 (3) any gain or loss realized upon the sale
or other disposition of any asset of the Company or any Restricted Subsidiary (including pursuant to any sale/leaseback transaction) that is not sold or otherwise disposed of in the ordinary course of business (as determined in good faith by the
Board of Directors) and any gain or loss realized upon the sale or other disposition of any Capital Stock of any Person; 
  
 (4) any extraordinary, unusual or nonrecurring gain, loss or charge (including, without limitation, option and severance expense, change
of control payments and other fees, expenses and charges associated with the Transactions and any acquisition, merger or consolidation after the Closing Date); 

 (5) the cumulative effect of a change in accounting principles; 
  
 (6) any gains or losses in connection with any early
extinguishment of Indebtedness or the termination of any Currency Agreement in connection therewith; 
  
 (7) any unrealized gains or losses in respect of Currency Agreements; 
  
 (8) any unrealized foreign currency transaction gains or losses in respect of Indebtedness of any Person
denominated in a currency other than the functional currency of such Person; 
  
 (9) any write-offs or write-downs of inventory or realized losses on sales or other dispositions of inventory in an amount not to exceed $2.5 million in any four-quarter period; 
  
 (10) any non-cash compensation charge arising from any grant
of stock, stock options or other equity-based awards; and 
  
 (11) any increase in depreciation, depletion or amortization or any one-time non-cash charges (such as capitalized manufacturing profit in inventory) resulting from the purchase accounting in connection with the
Transactions or any acquisition, merger or consolidation that is consummated after the Closing Date. 
  
 In the case of any unusual or nonrecurring gain, loss or charge not included in Consolidated Net Income pursuant to clause (4) above in any determination
thereof, the Company will deliver an Officer’s Certificate to the Trustee promptly after the date on which Consolidated Net Income is so determined, setting forth the nature and amount of such unusual or nonrecurring gain, loss or charge.

  
 “Consolidated Net Worth” means the total of
the amounts shown on the balance sheet of the Company and its Restricted Subsidiaries, determined on a Consolidated basis, as of the end of the most recent fiscal quarter of the Company ending at least 45 days prior to the taking of any action for
the purpose of which the determination is being made, as 
  
 (1) the par or stated value of all outstanding Capital Stock of the Company; plus 
  
 (2) paid-in capital or capital surplus relating to such Capital Stock; plus 
  
 (3) any retained earnings or earned surplus; less 
  
 (a) any accumulated deficit; and 
  
 (b) any amounts attributable to Disqualified Stock.

  
 “Consolidation” means the consolidation of
the accounts of each of the Restricted Subsidiaries with those of the Company in accordance with GAAP consistently applied; provided, however, that “Consolidation” will not include consolidation of the accounts of any Unrestricted
Subsidiary, but the interest of the Company or any Restricted Subsidiary in an Unrestricted Subsidiary will be accounted for as an investment. The term “Consolidated” has a correlative meaning. 
  
 “Corporate Trust Office of the Trustee” will be at the
address of the Trustee specified in Section 13.02 hereof or such other address as to which the Trustee may give notice to the Company. 

 “Credit Agreement” means the credit agreement to be dated on or about the Closing Date,
as amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or otherwise), refinanced, restructured or otherwise modified from time to time, among the Company, the lenders named
therein, JPMorgan Chase Bank, as administrative agent, Bear Stearns Corporate Lending Inc., as syndication agent and Deutsche Bank Securities Inc., as documentation agent. 
  
 “Credit Facilities” means, (x) the Credit Agreement and (y) to the extent specified by the Company by
notice to the Trustee, one or more other debt facilities or commercial paper facilities, in each case, 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, in each case, as amended, restated, modified, renewed, refunded, replaced (whether upon or after
termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time. 
  
 “Currency Agreement” means with respect to any Person any foreign exchange contract, currency swap agreements or other similar agreement
or arrangement to which such Person is a party or of which it is a beneficiary. 
  
 “Custodian” means the Trustee, as custodian for the Depositary or its nominee with respect to the Notes in global form, or any successor entity thereto. 
  
 “Default” means any event which is, or after notice or
passage of time or both would be, an Event of Default. 
  
 “Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with Section 2.06 hereof, substantially in the form of Exhibit A hereto except that such Note shall not bear
the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 
  
 “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
hereof 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 any non-cash consideration that is received by the Company or one of its Restricted Subsidiaries in connection with an Asset Disposition and that is designated as Designated Non-Cash Consideration pursuant to an Officer’s Certificate.
A particular item of Designated Non-Cash Consideration will no longer by considered to be outstanding when it has been paid, redeemed or otherwise retired or sold or otherwise disposed of in compliance with Section 4.10 hereof. 
  
 “Designated Senior Indebtedness” of the Company means:

  
 (1) any Indebtedness outstanding under any
Credit Facility; and 
  
 (2) any other Senior
Indebtedness of the Company that, at the date of determination, has an aggregate principal amount outstanding of, or under which, at the date of determination, the holders thereof are committed to lend up to, at least $25.0 million and is
specifically designated by the Company (with the consent of the Representative of Indebtedness under any Credit 

 
Facility if there is any such Indebtedness outstanding at such time) in the instrument evidencing or governing such Senior Indebtedness as “Designated
Senior Indebtedness” for purposes of this Indenture. 
  
 “Designated Senior Indebtedness” of a Subsidiary Guarantor has a correlative meaning. 
  
 “Disqualified Stock” means, with respect to any Person, any Capital Stock which by its terms (or by the terms of any security into which
it is convertible or for which it is exchangeable or exercisable) or upon the happening of any event: 
  
 (1) matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise; 
  
 (2) is convertible or exchangeable for Indebtedness or
Disqualified Stock (excluding Capital Stock convertible or exchangeable solely at the option of the Company or a Restricted Subsidiary; provided, however, that any such conversion or exchange shall be deemed an Incurrence of Indebtedness or
Disqualified Stock, as applicable); or 
  
 (3) is
redeemable at the option of the holder thereof, in whole or in part, 
  
 in the
case of each of clauses (1), (2) and (3), on or prior to the 90th day after the Stated Maturity of the Notes;
provided, however, that any Capital Stock that would not constitute Disqualified Stock but for provisions thereof giving holders thereof the right to require such Person to repurchase or redeem such Capital Stock upon the occurrence of an
“asset sale” or “change of control” occurring prior to the 90th day after the Stated Maturity of
the Notes shall not constitute Disqualified Stock. 
  
 “DLI Holding Corp.” means DLI Holding Corp., a Delaware corporation, and any successor in interest thereto. 
  
 “DLI Holding II Corp.” means DLI Holding II Corp., a Delaware corporation, and any successor in interest thereto. 
  
 “DLI Holding, LLC” means DLI Holding, LLC, a Delaware
limited liability company, and any successor in interest thereto. 
  
 “Domestic Subsidiary” means any Restricted Subsidiary of the Company that was formed under the laws of the United States or any state of the United States or the District of Columbia, other than any Foreign Subsidiary
Holding Company. 
  
 “Equity Offering” means (x)
a sale of Capital Stock (other than Disqualified Stock) that is a sale of Capital Stock of the Company, or (y) a capital contribution to the Company or any of its Restricted Subsidiaries. 
  
 “Euroclear” means Euroclear Bank, S.A./N.V., as operator of the Euroclear system. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
  
 “Exchange Notes” has the meaning set
forth in the Registration Rights Agreement. 
  
 “Exchange
Offer” has the meaning set forth in the Registration Rights Agreement. 

 “Exchange Offer Registration Statement” has the meaning set forth in the Registration
Rights Agreement. 
  
 “Fair Market Value” means,
with respect to any asset or property, the price which could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to
complete the transaction. The Fair Market Value of property or assets other than cash which involves (1) an aggregate amount in excess of $1.0 million, shall be set forth in a resolution approved by at least a majority of the Board of Directors and
(2) an aggregate amount in excess of $20.0 million, shall have been determined in writing by a nationally recognized appraisal, accounting or investment banking firm. 
  
 “Financing Disposition” means any sale, transfer, conveyance or other disposition of property or assets by
the Company or any Subsidiary thereof to any Receivables Entity, or by any Receivables Subsidiary, in each case in connection with the Incurrence by a Receivables Entity of Indebtedness, or obligations to make payments to the obligor on
Indebtedness, which may be secured by a Lien in respect of such property or assets. 
  
 “Foreign Subsidiary” means any Restricted Subsidiary of the Company that is not a Domestic Subsidiary, including without limitation, any Foreign Subsidiary Holding Company. 
  
 “Foreign Subsidiary Holding Company” means any Restricted
Subsidiary that (a) has no material assets other than securities of one or more Foreign Subsidiaries and other assets relating to the ownership interest in any such securities and (b) does not guarantee any Indebtedness of the Company or any
Domestic Subsidiary. 
  
 “GAAP” means generally
accepted accounting principles in the United States of America as in effect as of the Closing Date, including those set forth in: 
  
 (1) the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants;

  
 (2) statements and pronouncements of the
Financial Accounting Standards Board; 
  
 (3)
rules adopted by the Public Company Accounting Oversight Board and approved by the SEC; 
  
 (4) such other statements by such other entities as approved by a significant segment of the accounting profession; and 
  
 (5) the rules and regulations of the SEC governing the
inclusion of financial statements in periodic reports required to be filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in staff accounting bulletins and similar written statements from the accounting staff of
the SEC. 
  
 All ratios and computations based on GAAP contained
in this Indenture shall be computed in conformity with GAAP. 
  
 “Global Note Legend” means the legend set forth in Section 2.06(g)(2) hereof, which is required to be placed on all Global Notes issued under this Indenture. 

 “Global Notes” means, individually and collectively, each of the Restricted Global Notes
and the Unrestricted Global Notes deposited with or on behalf of and registered in the name of the Depository or its nominee, substantially in the form of Exhibit A hereto and that bears the Global Note Legend and that has the “Schedule of
Exchanges of Interests in the Global Note” attached thereto, issued in accordance with Section 2.01, 2.06(b)(3), 2.06(b)(4), 2.06(d)(2) or 2.06(f) hereof. 
  

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness or other obligation 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 or other obligation 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 condition or otherwise), entered into in favor and for the
benefit of the obligee of such Indebtedness or other obligation; or 
  
 (2) entered into primarily for purposes of assuring in any other manner the obligee of such Indebtedness or other obligation 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” shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee” used as a verb has a corresponding meaning. The term “Guarantor” shall mean any Person
Guaranteeing any obligation. 
  
 “Hedging
Obligations” of any Person means the obligations of such Person pursuant to any Interest Rate Agreement or Currency Agreement. 
  
 “Holder” means the Person in whose name a Note is registered on the Registrar’s books. 
  
 “IAI Global Note” means a Global Note substantially in the
form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee that will be issued in a denomination equal to the outstanding
principal amount of the Notes sold to Institutional Accredited Investors. 
  
 “Immaterial Indebtedness” means Indebtedness that, individually or in the aggregate, does not exceed $25.0 million at any one time outstanding. 

 “Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary whose total
assets, as of that date, are less than $100,000 and whose total revenues for the most recent 12-month period do not exceed $100,000. 
  
 “Incur” means issue, assume, enter into any Guarantee of, 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 Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Person at the time it becomes a Subsidiary and
Indebtedness secured by a Lien encumbering any asset acquired by a Person shall be deemed to be Incurred by such Person at the time it acquires such asset. The term “Incurrence” when used as a noun shall have a correlative meaning. The
amortization or accretion of principal of a non-interest bearing or other discount security, the accrual of interest, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms and the payment of dividends
on Disqualified Stock of the Company in the form of additional shares of the same class of Disqualified Stock shall not be deemed the Incurrence of Indebtedness. 
  
 “Indebtedness” means, with respect to any Person on any date of determination, without duplication:

  
 (1) the principal of in respect of
indebtedness of such Person for borrowed money; 
  
 (2) the principal of in respect of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; 
  
 (3) all obligations of such Person in respect of letters of credit or other similar instruments (including reimbursement obligations with
respect thereto); 
  
 (4) all obligations of such
Person to pay the deferred and unpaid purchase price of property (except Trade Payables and other accrued current liabilities arising in the ordinary course of business), which purchase price is due more than twelve months after the date of placing
such property in service or taking delivery and title thereto; 
  
 (5) all Capitalized Lease Obligations of such Person; 
  
 (6) the amount 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 such Person, any Preferred Stock (but excluding, in each case, any accrued dividends); 
  
 (7) 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 Indebtedness of such Person shall 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) Hedging Obligations of such Person; and 
  
 (9) all obligations of the type referred to in clauses (1)
through (8) of other Persons and all dividends of other Persons for the payment of which, in either case, such Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any Guarantee;

 provided, however, that Indebtedness shall not include any obligation of the Company or any Subsidiary in respect
of the Acquisition Agreement or any liability for Federal, state, provincial, foreign, local or other taxes owed or owing by such Person. 
  
 The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date of all unconditional obligations as described above and
the maximum liability, upon the occurrence of the contingency giving rise to the obligation, of any contingent obligations at such date. 
  
 “Indenture” means this Indenture, as amended or supplemented from time to time. 
  
 “Indirect Participant” means a Person who holds a beneficial
interest in a Global Note through a Participant. 
  
 “Initial Notes” means (i) the first $175,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof, (ii) any Exchange Note, and (iii) any Note issued pursuant to Sections 2.06(a), (c), (e)
or (f), Section 2.07 or Section 2.10 hereof. 
  
 “Initial
Purchasers” means Bear, Stearns & Co. Inc., J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. 
  
 “Institutional Accredited Investor” means an institution that is an “accredited investor” as defined in Rule 501(a)(1), (2),
(3) or (7) under the Securities Act, who is not also a QIB. 
  
 “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 to which such Person is party or of which it is a beneficiary. 
  
 “Investment” in any Person means any direct or indirect advance, loan (other than advances to customers and
suppliers in the ordinary course of business) or other extension of credit (including by way of Guarantee or similar arrangement) 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 Person. For purposes of the definition of “Unrestricted Subsidiary” and Section 4.07
hereof: 
  
 (1) “Investment” shall
include the aggregate fair market value of all outstanding Investments owned directly or indirectly by the Company in the Subsidiary of the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided, however,
that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company shall be deemed to continue to have a permanent Investment in an Unrestricted Subsidiary in an amount (if positive) equal to: 
  
 (a) the Company’s Investment in such Subsidiary at the
time of such redesignation; less 
  
 (b) the
Company’s pro rata portion (proportionate to the Company’s direct or indirect equity interest in such Subsidiary) of the fair market value of the net assets of such Subsidiary at the time of such redesignation; and 
  
 (2) any property transferred to or from an Unrestricted
Subsidiary shall be valued at its fair market value at the time of such transfer. 

 The amount of any Investment outstanding at any time shall be the original cost of such Investment,
reduced (at the Company’s option) by any dividend, distribution, interest payment, return of capital, repayment or other amount or value received in respect of such Investment; provided that to the extent the amount of Restricted
Payments outstanding at any time is so reduced by any portion of any such amount or value that would otherwise be included in the calculation of Consolidated Net Income, such portion of such amount or value shall not be so included for purposes of
calculating the amount of Restricted Payments that may be made pursuant to paragraph (a) of Section 4.07 hereof. For purposes of calculating the amount at any time of Restricted Payments under paragraph (b)(15) of Section 4.07 hereof, the amount of
such Restricted Payments constituting Investments shall be the amount of such Investments outstanding at such time. 
  
 “Kelso” means Kelso & Company, L.P. 
  
 “Kelso Agreements” means the Financial Advisory Agreement, dated as of the Closing Date, among DLI Holding Corp. and Kelso, and the
Registration Rights Agreement, dated as of the Closing Date, among DLI Holding Corp., DLI Holding, LLC and the other parties thereto, in each case, as the same may be amended, modified or supplemented from time to time. 
  
 “Legal Holiday” means a Saturday, Sunday or other day on
which banking institutions are not required by law, regulation or executive order to be open in the State of New York. 
  
 “Letter of Transmittal” means the letter of transmittal to be prepared by the Company and sent to all Holders of the Notes for use by
such Holders in connection with the Exchange Offer. 
  
 “Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof). 
  
 “Liquidated Damages” means all liquidated damages then owing
pursuant to the Registration Rights Agreement. 
  
 “Management Investor” means, the officers, directors, employees and other members of the management of any Parent, the Company or any of its Subsidiaries, or family members or relatives thereof, or trusts or partnerships
for the benefit of any of the foregoing, or any of their heirs, executors, successors and legal representatives, who at any date beneficially own or have the right to acquire, directly or indirectly, Capital Stock of the Company or any Parent, and
any Affiliate of any of the foregoing. 
  
 “Merger
Supplemental Indenture” means a Supplemental Indenture among Del Laboratories, Inc., certain of its Subsidiaries party thereto, and the Trustee, substantially in the form attached hereto as Exhibit F, to be entered into in connection with
the merger of DLI Acquisition Corp. with and into Del Laboratories, Inc., a Delaware corporation, with Del Laboratories, Inc. as the surviving corporation. 
  
 “Net Available Cash” from an Asset Disposition means the amount equal to the aggregate cash payments received (including any cash
payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when 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 were the subject of such Asset Disposition or received in any other noncash
form) therefrom, in each case net of: 
  
 (1) all
legal, title and recording tax expenses, commissions and other fees and expenses incurred, and tax payments made with respect to such Asset Disposition; 

 (2) all payments made on any Indebtedness which is secured by any assets subject to such
Asset Disposition, in accordance with the terms of any Lien upon or other security agreement of any kind with respect to such assets, or which must by its terms, or in order to obtain a necessary consent to such Asset Disposition, or by applicable
law be repaid out of the proceeds from such Asset Disposition; 
  
 (3) all distributions and other payments required to be made to minority interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition; and 
  
 (4) appropriate amounts to be provided by the seller
as a reserve, in accordance with GAAP, against any liabilities associated with the property or other assets disposed of in such Asset Disposition and retained by the Company or any Restricted Subsidiary after such Asset Disposition. 
  
 “Net Cash Proceeds,” with respect to any issuance or sale of
Capital Stock, means the cash proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually
incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof. 
  
 “Non-U.S. Person” means a Person who is not a U.S. Person. 
  
 “Notes” has the meaning assigned to it in the preamble to this Indenture. The Initial Notes and the
Additional Notes shall be treated as a single class for all purposes under this Indenture, and unless the context otherwise requires, all references to the Notes shall include the Initial Notes and any Additional Notes. 
  
 “Obligations” means any principal, interest, penalties,
fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness. 
  
 “Officer” means the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the President, any Vice President,
the Treasurer or the Secretary of the Company. “Officer” of a Subsidiary Guarantor has a correlative meaning. 
  
 “Officer’s Certificate” means a certificate signed by an Officer. 
  
 “Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the
Trustee. The counsel may be an employee of or counsel to the Company, a Subsidiary Guarantor or the Trustee. 
  
 “Parent” means any of DLI Holding, LLC, DLI Holding Corp., DLI Holding II Corp. and any other Person of which the Company at any time is
or becomes a Subsidiary after the Closing Date. 
  
 “Parent Expenses” means, without duplication, (a) costs (including all professional fees and expenses) incurred by any Parent in connection with its reporting obligations under or in compliance with applicable laws,
applicable rules or regulations of any governmental, regulatory or self-regulatory body or stock exchange, this Indenture or any other agreement or instrument relating to Indebtedness of the Company or any Restricted Subsidiary, including any
reports filed with respect to the Securities Act, Exchange Act or the respective rules and regulations promulgated thereunder, (b) indemnification 

 
obligations of any Parent owing to directors, officers, employees or other Persons under its charter or by-laws or pursuant to written agreements with any
such Person, (c) fees and expenses payable by any Parent in connection with the Transactions, (d) other operational expenses of any Parent incurred in the ordinary course of business, and (e) expenses incurred by any Parent in connection with any
public offering of Capital Stock or Indebtedness (x) where the net proceeds of such offering are intended to be received by or contributed or loaned to the Company or a Restricted Subsidiary, or (y) in a prorated amount of such expenses in
proportion to the amount of such net proceeds intended to be so received, contributed or loaned, or (z) otherwise on an interim basis prior to completion of such offering so long as any Parent shall cause the amount of such expenses to be repaid to
the Company or the relevant Restricted Subsidiary out of the proceeds of such offering promptly if completed. 
  
 “Parent Taxes” means, without duplication, (x) any taxes, charges or assessments, including but not limited to sales, use, transfer,
rental, ad valorem, value-added, stamp, property, consumption, franchise, license, capital, net worth, gross receipts, excise occupancy, intangibles or similar taxes, charges or assessments (other than federal, state or local taxes measured by
income and federal, state or local withholding imposed on payments made by any Parent), required to be paid by any Parent by virtue of its being incorporated or otherwise organized or having Capital Stock outstanding (but not by virtue of owning
stock or other equity interests of any corporation or other entity other than the Company, any of its Subsidiaries or any Parent), or being a holding company parent of the Company or receiving dividends from or other distributions in respect of the
Capital Stock of the Company, or having guaranteed any obligations of the Company or any Subsidiary thereof, or having made any payment in respect of any of the items for which the Company is permitted to make payments to any Parent pursuant to
Section 4.07 hereof, or (y) for so long as the Company is a member of a group filing a consolidated, combined or unitary tax return with any Parent, amounts not to exceed the amount of the relevant tax (including any penalties and interest) that the
Company would owe if the Company were filing a separate tax return (or a separate consolidated or combined return with its Subsidiaries that are members of the consolidated or combined group), taking into account any carryovers and carrybacks of tax
attributes (such as net operating losses) that would be available to the Company (and any such Subsidiaries) from other taxable years if the Company were filing a separate tax return (or a separate consolidated or combined return with any such
Subsidiaries). 
  
 “Participant” means, with
respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 
  
 “Permitted Business” means any business engaged in by the
Company or any Restricted Subsidiary on the Closing Date and any Related Business. 
  
 “Permitted Holders” means any of (a) Kelso and its Affiliates, (b) the Management Investors (but only with respect to their “beneficial ownership” (within the meaning of Rules 13d-3 and
13d-5 under the Exchange Act) of up to 10% in the aggregate of the total voting power of the Voting Stock of the Company or any Parent, as the case may be), (c) Magnetite Asset Investors III LLC and its Affiliates (but only with respect to their
beneficial ownership of up to 3% in the aggregate of the total voting power of the Voting Stock of the Company or any Parent, as the case may be) and (d) any Person acting in the capacity of an underwriter in connection with a public or private
offering of the Capital Stock of the Company or any Parent or securities convertible into or exchangeable or exercisable for such Capital Stock. Any person or group whose acquisition of beneficial ownership constitutes a Change of Control in respect
of which a Change of Control Offer is made in accordance with the requirements of this Indenture will thereafter, together with its Affiliates, constitute an additional Permitted Holder. 

 “Permitted Investment” means an Investment by the Company or any Restricted Subsidiary
in: 
  
 (1) the Company, a Restricted Subsidiary
or a Person that will, upon the making of such Investment, become a Restricted Subsidiary; provided, however, that the primary business of such Restricted Subsidiary is a Permitted Business; 
  
 (2) another Person if as a result of such Investment such
other Person is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, the Company or a Restricted Subsidiary provided, however, that such Person’s primary business is a Permitted
Business; 
  
 (3) Temporary Cash Investments;

  
 (4) receivables owing to the Company or any
Restricted Subsidiary if 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 the Company or any such Restricted Subsidiary deems reasonable under the circumstances; 
  
 (5) payroll, travel 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 made in the ordinary course of business and not exceeding $5.0 million in the aggregate outstanding at
any one time; 
  
 (7) stock, obligations or
securities received in settlement of debts created in the ordinary course of business and owing to the Company or any Restricted Subsidiary or in satisfaction of judgments or upon bankruptcy or insolvency of creditors or customers; 
  
 (8) any Person to the extent such Investment represents the
noncash portion of the consideration received for an Asset Disposition that was made pursuant to and in compliance with Section 4.10 hereof; 
  
 (9) Investments existing on the Closing Date; 
  
 (10) Currency Agreements, Interest Rate Agreements and Commodity Agreements entered into by the Company or any of its Restricted
Subsidiaries for bona fide business reasons and not for speculative purposes, and otherwise in compliance with this Indenture; 
  
 (11) guarantees by the Company or any of its Restricted Subsidiaries of Indebtedness otherwise permitted to be incurred by the Company or
any of its Restricted Subsidiaries under this Indenture; 
  
 (12) any Investment by the Company or a Restricted Subsidiary of the Company in a Receivables Entity or any Investment by a Receivables Entity in any other Person in connection with the Qualified Receivables
Transaction; 
  
 (13) that portion of any
Investment where the consideration provided is Capital Stock of the Company or any Parent (other than Disqualified Stock); 
  
 (14) the Notes; or 

 (15) other Investments in an aggregate amount outstanding at any time not to exceed $20.0
million. 
  
 “Permitted Junior Securities” means:

  
 (1) Capital Stock of the Company or any
Subsidiary Guarantor; or 
  
 (2) debt securities
that are subordinated to all Senior Indebtedness, and any debt securities issued in exchange for Senior Indebtedness, to substantially the same extent as, or to a greater extent than, the Notes and the Subsidiary Guarantees are subordinated to
Senior Indebtedness under this Indenture. 
  
 “Permitted
Liens” means the following types of Liens: 
  
 (1) Liens securing the Notes or any of the Subsidiary Guarantees; 
  
 (2) Liens securing indebtedness incurred in reliance on clause (b)(4) of Section 4.09 hereof; provided that such Liens do not extend to or cover any property or assets of the Company or of any Restricted
Subsidiary other than the property or assets that secured such Indebtedness prior to the time the applicable Restricted Subsidiary became a Restricted Subsidiary; 
  
 (3) Liens existing on the Closing Date, together with any Liens securing Refinancing Indebtedness Incurred
to refinance Indebtedness secured by Liens existing on the Closing Date; provided that the Liens securing the Refinancing Indebtedness shall not extend to property other than that pledged under the Liens securing the Indebtedness being
refinanced; 
  
 (4) Liens in favor of the Company
or any Subsidiary Guarantor on the property or assets, or any proceeds, income or profit therefrom, of any Restricted Subsidiary; and 
  
 (5) other Liens provided that the maximum aggregate amount of outstanding obligations secured thereby shall not at any time exceed
$5.0 million. 
  
 “Person” means any individual,
corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 
  
 “Preferred Stock” as applied to the Capital Stock of any
Person, means Capital Stock of any class or classes (however designated) that is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares
of Capital Stock of any other class of such Person. 
  
 “principal” of a Note means the principal of the Note payable on the Note which is due or overdue or is to become due at the relevant time. 
  
 “Private Placement Legend” means the legend set forth in Section 2.06(g)(1) hereof to be placed on all
Notes issued under this Indenture except where otherwise permitted by the provisions of this Indenture. 
  
 “Purchase Money Indebtedness” means Indebtedness: 
  
 (1) consisting of or Incurred to finance the deferred purchase price of an asset, conditional sale
obligations, obligations under any title retention agreement and other purchase money obligations, in each case where the maturity of such Indebtedness does not exceed the anticipated useful life of the asset being financed; and 

 (2) Incurred to finance the acquisition by the Company or a Restricted Subsidiary of such
asset, including additions and improvements; 
  
 provided, however, that
such Indebtedness is Incurred on or prior to the date that is 180 days after the acquisition by the Company or such Restricted Subsidiary of such asset. 
  
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A. 
  
 “Qualified Receivables Transaction” means any transaction or
series of transactions that may be entered into by the Company or any of its Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Entity (in the case of a transfer by the
Company or any of its Subsidiaries); and (b) any other Person (in the case of a transfer by a Receivables Entity), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of the Company or any of
its Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts
receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable. 
  
 “Receivable” means a right to receive payment arising from a
sale or lease of goods or services by a Person pursuant to an arrangement with another Person pursuant to which such other Person is obligated to pay for goods or services under terms that permit the purchase of such goods and services on credit.

  
 “Receivables Entity” means (x) any
Receivables Subsidiary; or (y) any other Person that is engaged in the business of acquiring, selling, collecting, financing or refinancing Receivables, accounts (as defined in the Uniform Commercial Code as in effect in any jurisdiction from time
to time), other accounts and/or other receivables, and/or related assets. 
  
 “Receivables Fees” means distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person
that is not a Restricted Subsidiary in connection with, any Receivables Financing. 
  
 “Receivables Financing” means any financing of Receivables of the Company or any Restricted Subsidiary that have been transferred to a Receivables Entity in a Financing Disposition. 
  
 “Receivables Repurchase Obligation” means any obligation of
a seller of receivables to repurchase receivables (including Receivables, accounts (as defined in the Uniform Commercial Code as in effect in any jurisdiction from time to time) and other accounts and receivable (including any thereof constituting
or evidenced by chattel paper, instruments or general intangibles)) arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted
defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 
  
 “Receivables Subsidiary” means a Subsidiary of the Company that (a) is engaged solely in the business of
acquiring, selling, collecting, financing or refinancing Receivables, accounts (as defined in the 

 
Uniform Commercial Code as in effect in any jurisdiction from time to time) and other accounts and receivables (including any thereof constituting or
evidenced by chattel paper, instruments or general intangibles), all proceeds thereof and all rights (contractual and other), collateral and other assets relating thereto, and any business or activities incidental or related to such business; and
(b) is designated as a “Receivables Subsidiary” by the Board of Directors. 
  
 “Refinance” means, in respect of any Indebtedness, to refinance, extend, renew, refund, repay, prepay, redeem, defease or retire, or to issue other Indebtedness in exchange or replacement for, such
Indebtedness. “Refinanced” and “Refinancing” shall have correlative meanings. 
  
 “Refinancing Indebtedness” means Indebtedness that is Incurred to refund, refinance, replace, renew, repay or extend (including pursuant
to any defeasance or discharge mechanism) any Indebtedness of the Company or any Restricted Subsidiary existing on the Closing Date or Incurred in compliance with this Indenture (including Indebtedness of the Company that Refinances Refinancing
Indebtedness); provided, however, that: 
  
 (1) if the Indebtedness being refinanced is Subordinated Obligations, the Refinancing Indebtedness has an Average Life at the time such Refinancing Indebtedness is Incurred that is equal to or greater than the Average Life of the
Indebtedness being refinanced; 
  
 (2) 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 (x) the aggregate principal amount (or if issued with original issue
discount, the aggregate accreted value) then outstanding of the Indebtedness being Refinanced plus (y) fees, underwriting discounts, interest, premiums and other costs and expenses in connection with the issuance of the Refinancing Indebtedness and
repayment of the Indebtedness being refinanced; and 
  
 (3) if the Indebtedness being Refinanced is subordinated in right of payment to the Notes, such Refinancing Indebtedness is subordinated in right of payment to the Notes at least to the same extent as the Indebtedness being Refinanced;

  
 provided further, however, that Refinancing Indebtedness shall not
include: 
  
 (a) Indebtedness of a Restricted
Subsidiary (other than a Subsidiary Guarantor) that Refinances Indebtedness of the Company; or 
  
 (b) Indebtedness of the Company or a Restricted Subsidiary that Refinances Indebtedness of an Unrestricted Subsidiary. 
  
 “Registration Rights Agreement” means the Registration
Rights Agreement, dated as of January 27, 2005, among the Company, the Subsidiary Guarantors and the other parties named on the signature pages thereof, as such agreement may be amended, modified or supplemented from time to time and, with respect
to any Additional Notes, one or more registration rights agreements among the Company, the Subsidiary Guarantors and the other parties thereto, as such agreement(s) may be amended, modified or supplemented from time to time, relating to rights given
by the Company to the purchasers of Additional Notes with respect to the registration of such Additional Notes, and any Notes issued in exchange therefor, under the Securities Act. 
  
 “Regulation S” means Regulation S promulgated under the Securities Act. 

 “Regulation S Global Note” means a Regulation S Temporary Global Note or Regulation S
Permanent Global Note, as appropriate. 
  
 “Regulation S
Permanent Global Note” means a permanent Global Note in the form of Exhibit A hereto bearing each of the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or
its nominee, issued in a denomination equal to the outstanding principal amount of the Regulation S Temporary Global Note upon expiration of the Restricted Period. 
  
 “Regulation S Temporary Global Note” means a temporary Global Note in the form of Exhibit A hereto bearing
each of the legend set forth in Section 2.06(g)(3), the Global Note Legend and the Private Placement Legend, deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the
outstanding principal amount of the Notes initially sold in reliance on Rule 903 of Regulation S. 
  
 “Related Business” means any business related, ancillary or complementary to the businesses of the Company and the Restricted
Subsidiaries on the Closing Date. 
  
 “Representative” means the trustee, agent or representative (if any) for an issue of Senior Indebtedness. 
  
 “Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 
  
 “Restricted Global Note” means a Global Note bearing the
Private Placement Legend. 
  
 “Restricted
Investment” means an Investment other than a Permitted Investment. 
  
 “Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 
  
 “Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted Subsidiary.  
  
 “Rule 144” means Rule 144 promulgated under the Securities
Act. 
  
 “Rule 144A” means Rule 144A promulgated
under the Securities Act. 
  
 “Rule 903” means
Rule 903 promulgated under the Securities Act. 
  
 “Rule
904” means Rule 904 promulgated under the Securities Act. 
  
 “SEC” means the Securities and Exchange Commission. 
  
 “Secured Indebtedness” means any Indebtedness of the Company secured by a Lien. “Secured Indebtedness” of a Subsidiary Guarantor has a correlative meaning. 
  
 “Securities Act” means the Securities Act of 1933, as
amended. 
  
 “Senior Indebtedness” means:

  
 (1) all Indebtedness of the Company or any
Subsidiary Guarantor outstanding under Credit Facilities (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization of the Company or any Subsidiary Guarantor at the rate provided for in the documentation
with respect to such Indebtedness, regardless of whether or not a claim for post-filing interest is allowed in such proceedings) and all Hedging Obligations with respect thereto; 

 (2) any other Indebtedness of the Company or any Subsidiary Guarantor whether outstanding
on the Closing Date or thereafter Incurred, unless the instrument under which such Indebtedness is Incurred expressly provides that such Indebtedness ranks equally in right of payment with or is subordinated in right of payment to the Notes or any
Subsidiary Guarantee; and 
  
 (3) all Obligations
(including interest accruing on or after the filing of any petition in bankruptcy or for reorganization of the Company or any Subsidiary Guarantor at the rate provided for in the documentation with respect to such Indebtedness, regardless of whether
or not a claim for post-filing interest is allowed in such proceedings) and other amounts owing with respect to the items listed in the preceding clauses (1) and (2). 
  
 Notwithstanding anything to the contrary in the preceding, Senior Indebtedness will not include: 
  
 (1) any liability for federal, state, local or other taxes
owed or owing by the Company; 
  
 (2) any
intercompany Indebtedness of the Company or any of its Subsidiaries to the Company or any of its Subsidiaries; 
  
 (3) any Trade Payables; 
  
 (4) that portion of any Indebtedness Incurred in violation of Section 4.09 of this Indenture but, as to any such Indebtedness, no such
violation shall be deemed to exist for purposes of this clause (4) if the holder(s) of such Indebtedness or their representative shall have received an Officer’s Certificate to the effect that the Incurrence of such Indebtedness does not (or,
in the case of revolving credit indebtedness, that the Incurrence of the entire committed amount thereof at the date on which the initial borrowing thereunder is made would not) violate such provisions of this Indenture; or 
  
 (5) Indebtedness which is classified as non-recourse in
accordance with GAAP or any unsecured claim arising in respect thereof by reason of the application of section 1111(b)(1) of the Bankruptcy Code. 
  
 “Senior Subordinated Indebtedness” of the Company means the Notes and any other Indebtedness of the Company that specifically provides
that such Indebtedness is to rank equally with the Notes in right of payment and is not subordinated by its terms in right of payment to any Indebtedness of the Company which is not Senior Indebtedness. “Senior Subordinated Indebtedness”
of a Subsidiary Guarantor has a correlative meaning. 
  
 “Shelf Registration Statement” means the Shelf Registration Statement as defined in the Registration Rights Agreement. 
  
 “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” of the Company within the
meaning of Article 1, Rule 1-02 under Regulation S-X promulgated by the SEC. 
  
 “Standard Receivable Obligations” means representations, warranties, covenants, indemnities and other obligations (including Guarantees and Indebtedness) which are reasonably customary in a 

 
Financing Disposition (as determined by the Company in good faith), including, without limitation, those relating to the servicing of the assets of a
Receivables Entity, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Receivable Obligation. 
  
 “Stated Maturity” means, with respect to any security, the date specified in such security 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 excluding any provision providing for the repurchase of such security at the option of the holder thereof upon the happening of any
contingency). 
  
 “Subordinated Obligation” means
any Indebtedness of the Company (other than such Indebtedness as is described in clause (2) of paragraph (b) of Section 4.09 hereof) (whether outstanding on the Closing Date or thereafter Incurred) that is expressly subordinated in right of payment
to the Notes pursuant to a written agreement. “Subordinated Obligation” of a Subsidiary Guarantor has a correlative meaning with respect to Indebtedness that is expressly subordinated in right of payment to the Subsidiary Guarantees
pursuant to a written agreement. 
  
 “Subsidiary” of any Person means any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock or other interests entitled (without regard to the
occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, members of the Board of Directors, managers or trustees
thereof is at the time owned or controlled, directly or indirectly, by: 
  
 (1) such Person, 
  
 (2) such Person and one or more Subsidiaries of such Person or 
  
 (3) one or more Subsidiaries of such Person, or 
  
 any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any
combination thereof). 
  
 “Subsidiary Guarantee”
means each Guarantee of the obligations with respect to the Notes issued by a Subsidiary of the Company pursuant to the terms of this Indenture. 
  
 (4) “Subsidiary Guarantor” means any Subsidiary that has issued a Subsidiary Guarantee. 
  
 “Temporary Cash Investments” means any of the following:

  
 (1) any investment in U.S. Government
Obligations or obligations Guaranteed by the United States of America or any agency thereof; 
  
 (2) investments in time deposit accounts, certificates of deposit and money market deposits maturing within one year of the date of
acquisition thereof issued by a bank or trust company that is organized under the laws of the United States of America, any state thereof or any foreign country recognized by the United States of America having capital, surplus and undivided profits
aggregating in excess of $250.0 million (or the foreign currency equivalent thereof) and whose long-term debt is rated “A” (or such similar equivalent rating) or higher by at least one nationally recognized statistical rating organization
(as defined in Rule 436 under the Securities Act); 

 (3) repurchase obligations with a term of not more than 30 days for underlying securities
of the types described in clause (1) above entered into with a bank meeting the qualifications described in clause (2) above; 
  
 (4) investments in commercial paper, maturing not more than 270 days after the date of acquisition, issued by a corporation (other than an
Affiliate of the Company) organized and in existence under the laws of the United States of America or any foreign country recognized by the United States of America with a rating at the time as of which any investment therein is made of
“P-1” (or higher) according to Moody’s Investors Service, Inc. (“Moody’s”) or “A-1” (or higher) according to Standard and Poor’s Ratings Service, a division of The McGraw-Hill Companies, Inc.
(“S&P”); 
  
 (5) investments
in securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated
at least “A” by S&P or “A” by Moody’s Investors Service, Inc.; 
  
 (6) investment funds investing 95% of their assets in securities of the type described in clauses (1) through (5) above (which funds may
also hold reasonable amounts of cash pending investment and/or distribution); 
  
 (7) investments in money market funds subject to the risk limiting conditions of Rule 2a-7 (or any successor rule) of the SEC under the Investment Company Act of 1940, as amended; and 
  
 (8) similar investments approved by the Board of Directors
in the ordinary course of business. 
  
 “TIA”
means the Trust Indenture Act of 1939, as amended from time to time. 
  
 “Trade Payables” means, with respect to any Person, any accounts payable or any indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person arising in the ordinary course of business
in connection with the acquisition of goods or services. 
  
 “Transaction Documents” means the Kelso Agreements, the agreements relating to the Acquisition, the financing thereof, or the services provided or to be provided in connection therewith (including pursuant to the Kelso
Agreements), and the various ancillary documents, commitment letters and agreements relating thereto, as the same may be amended, modified or supplemented from time to time. 
  
 “Transactions” means the Acquisition and the financing thereof and the various other transactions relating
thereto. 
  
 “Trustee” means Wells Fargo
Bank, National Association until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 

 “Trust Officer” means the Chairman of the Board, the President or any other officer or
assistant officer of the Trustee assigned by the Trustee to administer its corporate trust matters. 
  
 “Unrestricted Definitive Note” means a Definitive Note that does not bear and is not required to bear the Private Placement Legend.

  
 “Unrestricted Global Note” means a Global
Note that does not bear and is not required to bear the Private Placement Legend. 
  
 “Unrestricted Subsidiary” means (1) any Subsidiary of the Company that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors in the manner provided
below, and (2) any Subsidiary of an Unrestricted Subsidiary. 
  
 The Board of Directors may designate any Subsidiary of the Company (including any newly acquired or newly formed Subsidiary of the Company) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Capital
Stock or Indebtedness of, or owns or holds any Lien on any property of, the Company or any other Subsidiary of the Company that is not a Subsidiary of the Subsidiary to be so designated; provided, however, that either: 
  
 (a) the Subsidiary to be so designated has total
consolidated assets of $1,000 or less; or 
  
 (b)
if such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under Section 4.07 of this Indenture. 
  
 The Board of Directors may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however, that immediately after
giving effect to such designation: 
  
 (x) the Company could
Incur $1.00 of additional Indebtedness under paragraph (a) of the covenant described under Section 4.09 of this Indenture and 
  
 (y) no Default shall have occurred and be continuing. 
  
 Any such designation of a Subsidiary as a Restricted Subsidiary or Unrestricted Subsidiary by the Board of Directors shall be evidenced to the Trustee by
promptly filing with the Trustee a copy of the resolution of the Board of Directors giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing provisions. 
  
 “U.S. Government Obligations” means direct obligations (or
certificates representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America is pledged and
which are not callable or redeemable at the issuer’s option. 
  
 “U.S. Person” means a U.S. Person as defined in Rule 902(k) promulgated under the Securities Act. 
  
 “Voting Stock” of a Person means all classes of Capital Stock or other interests (including partnership interests and limited liability
company interests) of such Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to vote in the election of directors, members of the Board of Directors, managers or trustees thereof. 
  
 “Wholly-Owned Subsidiary” means a Restricted Subsidiary of
the Company all the Capital Stock of which (other than directors’ qualifying shares or similar immaterial equity interests) is owned by the Company or another Wholly Owned Subsidiary. 

 Section 1.02 Other Definitions. 
  

				
	 Term

	  	Defined
in
Section

	 
	 “Affiliate Transaction”
	  	4.11	 
	 “Authentication Order”
	  	2.02	 
	 “Change of Control Offer”
	  	4.15	 
	 “Change of Control Payment Date”
	  	4.15	 
	 “Covenant Defeasance”
	  	8.03	 
	 “DTC”
	  	2.03	 
	 “Event of Default”
	  	6.01	 
	 “Guarantee Blockage Notice”
	  	11.02	(c)
	 “Legal Defeasance”
	  	8.02	 
	 “Offer”
	  	4.10	 
	 “Offer Amount”
	  	4.10	 
	 “Offer Period”
	  	4.10	 
	 “Paying Agent”
	  	2.03	 
	 “Payment Blockage Notice”
	  	10.03	 
	 “Purchase Date”
	  	4.10	 
	 “Registrar”
	  	2.03	 
	 “Restricted Payments”
	  	4.07	 
	 “Successor Company”
	  	5.01	 

  
 Section 1.03 Incorporation by
Reference of Trust Indenture Act. 
  
 Whenever this Indenture
refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. 
  
 The following TIA terms used in this Indenture have the following meanings: 
  
 “indenture securities” means the Notes; 
  
 “indenture security Holder” means a Holder of a Note; 
  
 “indenture to be qualified” means this Indenture;

  
 “indenture trustee” or “institutional
trustee” means the Trustee; and 
  
 “obligor” on the Notes and the Subsidiary Guarantees means the Company and the Subsidiary Guarantors, respectively, and any successor obligor upon the Notes and the Subsidiary Guarantees, respectively. 
  
 All other terms used in this Indenture that are defined by the TIA, defined
by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them. 

 Section 1.04 Rules of Construction. 
  
 Unless the context otherwise requires: 
  
 (1) a term has the meaning assigned to it; 
  
 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

  
 (3) “or” is not exclusive;

  
 (4) words in the singular include the plural,
and in the plural include the singular; 
  
 (5)
“will” shall be interpreted to express a command; 
  
 (6) provisions apply to successive events and transactions; and 
  
 (7) references to sections of or rules under the Securities Act will be deemed to include substitute, replacement of successor sections or
rules adopted by the SEC from time to time. 
  
 ARTICLE 2

 THE NOTES 
  
 Section 2.01 Form and Dating. 
  
 (a) General. The Notes and the Trustee’s certificate of authentication will be substantially in the form of Exhibit A hereto. The Notes may
have such appropriate insertions, omissions, substitutions, notations, legends, endorsements identifications and other variations as are required or permitted by law, stock exchange rule or depositary rule or usage, agreements to which the Company
is subject, if any, or other customary usage, or as may consistently herewith be determined by the Officer or Officers of the Company executing such Notes, as evidenced by such execution (provided always that any such notation, legend, endorsement,
identification or variation is in a form acceptable to the Company). Each Note will be dated the date of its authentication. The Notes will be issued in fully registered form, without coupons, in denominations of $1,000 and any integral multiple of
$1,000. 
  
 The terms and provisions contained in the Notes will
constitute, and are hereby expressly made, a part of this Indenture and the Company, the Subsidiary 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. 
  
 (b) Global Notes. Notes issued in global form will be substantially in the form of Exhibit A hereto (including the
Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued in definitive form will be substantially in the form of Exhibit A hereto (but without the Global Note Legend thereon
and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note will represent such of the outstanding Notes as will be specified therein and each shall provide that it represents the aggregate
principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, by adjustments made thereon
and/or in the records of the Custodian to reflect exchanges and redemptions as herein after provided. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes
represented thereby will 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 hereof. 

 (c) Temporary Global Notes. Notes offered and sold in reliance on Regulation S will, unless (in
the case of Additional Notes) the Company otherwise notifies the Trustee in writing, be issued initially in the form of the Regulation S Temporary Global Note, which will be deposited on behalf of the purchasers of the Notes represented thereby with
the Trustee at the Corporate Trust Office of the Trustee, as Custodian, 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 Company and authenticated by the Trustee as hereinafter provided. 
  
 Following the termination of the Restricted Period, beneficial interests in the Regulation S Temporary Global Note will be exchanged for beneficial interests in the Regulation S Permanent Global Note pursuant to the
Applicable Procedures. Simultaneously with the authentication of the Regulation S Permanent Global Note, the Trustee will cancel the Regulation S Temporary 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 thereon and/or on the records of the Trustee, the Custodian or the Depositary or its nominee, as the case may be, in connection with transfers of
interest as hereinafter provided. 
  
 (d) Euroclear and
Clearstream Procedures Applicable. The provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream
Banking” and “Customer Handbook” of Clearstream will be applicable to transfers of beneficial interests in the Regulation S Temporary Global Note and the Regulation S Permanent Global Note that are held by Participants through
Euroclear or Clearstream. 
  
 Section 2.02 Execution and Authentication.

  
 At least one Officer must sign the Notes for the Company by
manual or facsimile signature. 
  
 If an Officer whose signature
is on a Note no longer holds that office at the time a Note is authenticated, the Note will nevertheless be valid. 
  
 A Note will not be valid until authenticated by the manual signature of the Trustee. The signature will be conclusive evidence that the Note has been
authenticated under this Indenture. 
  
 The Trustee will, upon
receipt of a written order of the Company signed by an Officer (an “Authentication Order”), authenticate Notes for original issue that may be validly issued under this Indenture, including any Additional Notes. The aggregate
principal amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for issuance by the Company pursuant to one or more Authentication Orders, except as provided in Section 2.07 hereof. 

  
 The Trustee may appoint an authenticating agent acceptable to
the Company 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 Company. 
  
 Section 2.03 Registrar and Paying Agent. 
  
 The
Company will maintain an office or agency where Notes may be presented for registration of transfer or for exchange (“Registrar”) and an office or agency where Notes may be presented for payment 

 
(“Paying Agent”). The Registrar will keep a register of the Notes and of their transfer and exchange. The Company may appoint one or more
co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar without
notice to any Holder. The Company will notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act
as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
  
 The Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary with respect to the Global Notes. 
  
 The Company initially appoints the Trustee to act as the Registrar and Paying Agent and to act as Custodian with respect to
the Global Notes. 
  
 Section 2.04 Paying Agent to Hold Money in Trust.

  
 The Company will require each Paying Agent other than the
Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and will
notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to
pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will
segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Notes.

  
 Section 2.05 Holder Lists. 
  
 The Trustee will preserve in as current a form as is reasonably practicable
the most recent list available to it of the names and addresses of all Holders and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company will furnish to the Trustee at least seven Business Days before each
interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders of Notes and the Company shall otherwise
comply with TIA § 312(a). 
  
 Section 2.06 Transfer and Exchange.

  
 (a) Transfer and Exchange of Global Notes. A Global
Note may not be transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor
Depositary or a nominee of such successor Depositary. All Global Notes will be exchanged by the Company for Definitive Notes if: 
  
 (1) the Depositary notifies the Company that it is unwilling or unable to continue to act as Depositary or that it is no longer a clearing
agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Company within 120 days after the date of such notice from the Depositary; 

 (2) the Company in its sole discretion determines that the Global Notes (in whole but not
in part) should be exchanged for Definitive Notes and delivers a written notice to such effect to the Trustee; provided that in no event shall the Regulation S Temporary Global Note be exchanged by the Company for Definitive Notes prior to
(A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act; or 
  
 (3) there has occurred and is continuing a Default or Event of Default with respect to the Notes, and the
Depositary requests such exchange. 
  
 Upon the occurrence of
either of the preceding events in (1) or (2) above, Definitive Notes shall be issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and
2.10 hereof. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall
be, a Global Note, except as provided in this Section 2.06(a). A Global Note may not be exchanged for another Note other than as provided in this Section 2.06(a); however, beneficial interests in a Global Note may be transferred and exchanged as
provided in Section 2.06(b), (c) or (f) hereof. 
  
 (b)
Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global Notes will be effected through the Depositary, in accordance with the provisions of this Indenture and the
Applicable Procedures. Neither the Company nor any agent of the Company shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security, or for
maintaining, supervising or reviewing any records relating to such beneficial ownership interests. Beneficial interests in the Restricted Global Notes will be subject to restrictions on transfer comparable to those set forth herein to the extent
required by the Securities Act. Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable:

  
 (1) Transfer of Beneficial Interests in
the Same Global Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions
set forth in the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in the Regulation S Temporary Global Note may not be made to a U.S. Person or for the
account or benefit of a U.S. Person (other than an Initial Purchaser). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note.
No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1). 
  
 (2) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and exchanges of
beneficial interests that are not subject to Section 2.06(b)(1) above, the transferor of such beneficial interest must deliver to the Registrar (in each case in form and substance reasonably satisfactory to the Trustee and the Company) either:

  
     (A) both: 

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

 (ii) instructions given in accordance with the Applicable Procedures containing
information regarding the Participant account to be credited with such increase; or 
  
     (B) both: 
  
 (i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures
directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 
  
 (ii) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note
shall be registered to effect the transfer or exchange referred to in (1) above; 
  
 ; provided that in no event shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in the Regulation S Temporary Global Note prior to (A) the expiration of the Restricted Period
and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903 under the Securities Act. 
  
 Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise
applicable under the Securities Act, the Trustee, the Custodian or the Depositary or its nominee, as the case may be, shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(h) hereof. 
  
 (3) Transfer of Beneficial Interests to Another
Restricted Global Note. A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the
requirements of Section 2.06(b)(2) above and the Registrar receives the following: 
  
 (A) if the transferee will take delivery in the form of a beneficial interest in the 144A Global Note, then the transferor must deliver a
certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 
  
 (B) if the transferee will take delivery in the form of a beneficial interest in the Regulation S Temporary Global Note or the Regulation
S Permanent Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 
  

(C) if the transferee will take delivery in the form of a beneficial interest in the IAI Global Note, then the transferor must deliver
a certificate in the form of Exhibit B hereto, including the certifications, certificates and opinion of counsel required by item (3) thereof, if applicable. 
  

(4) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted Global
Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial interest
in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(2) above and: 
  
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and the
holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the case of a transfer, provides the certifications required by the applicable Letter of Transmittal and Exchange Offer Registration Statement;

 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance
with the Registration Rights Agreement and applicable law; 
  
 (C) such transfer is effected by a Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement and applicable law; or 
  
 (D) the Registrar receives the following: 
  
 (i) if the holder of such beneficial interest in a
Restricted Global Note proposes to exchange such beneficial interest for a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or

  
 (ii) if the holder of such beneficial
interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit
B hereto, including the certifications in item (4) thereof; 
  
 and, in each such case set forth in this subparagraph (D), if the Registrar or the Company so requests or if the Applicable Procedures so require, an opinion of counsel (which opinion and counsel are reasonably satisfactory to the Company
and the Trustee) to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance
with the Securities Act. 
  
 If any such transfer is effected
pursuant to subparagraph (B) or (D) above at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate
one or more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (B) or (D) above. 
  
 Beneficial interests in an Unrestricted Global Note cannot be exchanged for,
or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Note. 
  
 (c) Transfer or Exchange of Beneficial Interests for Definitive Notes. 
  
 (1) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes. If any holder of
a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive
Note, then, upon receipt by the Registrar of the following documentation: 
  
 (A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto,
including the certifications in item (2)(a) thereof; 

 (B) if such beneficial interest is being transferred to a QIB in accordance with Rule
144A, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
  
 (C) if such beneficial interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule
904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 
  
 (D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the Securities Act in
accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 
  
 (E) if such beneficial interest is being transferred to an Institutional Accredited Investor in reliance on an exemption from the
registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate to the effect set forth in Exhibit B hereto, including the certifications, certificates and opinion of counsel required by
item (3) thereof, if applicable; 
  
 (F) if such
beneficial interest is being transferred to the Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
  
 (G) if such beneficial interest is being transferred
pursuant to an effective registration statement under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 
  
 the Trustee, the Custodian or the Depositary or its nominee, as the case may be, shall cause the aggregate principal amount of the
applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate
principal amount. Any Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the
holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so
registered. Any Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c)(1) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained
therein. 
  
 (2) Beneficial Interests in
Regulation S Temporary Global Note to Definitive Notes. Notwithstanding Sections 2.06(c)(1)(A) and (C) hereof, a beneficial interest in the Regulation S Temporary Global Note may not be exchanged for a Definitive Note or transferred to a Person
who takes delivery thereof in the form of a Definitive Note prior to (A) the expiration of the 

 
Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act, except in the
case of a transfer pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 
  
 (3) Beneficial Interests in Restricted Global Notes to Unrestricted Definitive Notes. A holder of a beneficial interest in a
Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if: 
  
 (A) such exchange or transfer is effected pursuant to the
Exchange Offer in accordance with the Registration Rights Agreement and applicable law and the holder of such beneficial interest, in the case of an exchange, or the transferee, in the case of a transfer, provides in the certifications required by
the applicable Letter of Transmittal and the Exchange Offer Registration Statement; 
  
 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement and
applicable law; 
  
 (C) such transfer is effected
by a Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement and applicable law; or 
  
 (D) the Registrar receives the following: 
  
 (i) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for an
Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 
  
 (ii) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who
shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 
  
 and, in each such case set forth in this subparagraph (D), if the Registrar
or the Company so requests or if the Applicable Procedures so require, an opinion of counsel (which opinion and counsel are reasonably satisfactory to the Company and the Trustee) to the effect that such exchange or transfer is in compliance with
the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
  
 (4) Beneficial Interests in Unrestricted Global
Notes to Unrestricted Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes
delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b)(2) hereof, the Trustee, the Custodian or the Depositary or its nominee, as the case may be, will cause the aggregate principal
amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the Company will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note 

 
in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will be registered
in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant. The
Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will not bear the Private Placement Legend.

  
 (d) Transfer and Exchange of Definitive Notes for
Beneficial Interests. 
  
 (1) Restricted
Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive
Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
  
 (A) if the Holder of such Restricted Definitive Note proposes to exchange such Note for a beneficial
interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 
  
 (B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect set forth
in Exhibit B hereto, including the certifications in item (1) thereof; 
  
 (C) if such Restricted Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including
the certifications in item (2) thereof; 
  
 (D)
if such Restricted Definitive Note is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the
certifications in item (3)(a) thereof; 
  
 (E) if
such Restricted Definitive Note is being transferred to an Institutional Accredited Investor in reliance on an exemption from the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a
certificate to the effect set forth in Exhibit B hereto, including the certifications, certificates and opinion of counsel required by item (3) thereof, if applicable; 
  
 (F) if such Restricted Definitive Note is being transferred to the Company or any of its Subsidiaries, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
  
 (G) if such Restricted Definitive Note is being transferred pursuant to an effective registration statement under the Securities Act, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 
  
 the Trustee will cancel the Restricted Definitive Note, increase or cause to be increased the aggregate principal amount of, in the case of clause (A)
above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A Global Note, in the case of clause (C) above, the Regulation S Global Note, and in all other cases, the IAI Global Note. 

 (2) Restricted Definitive Notes to Beneficial Interests in Unrestricted Global
Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note only if: 
  
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and applicable law and the Holder, in the case of an exchange, or the transferee, in the case of a transfer,
provides the certifications required by the applicable Letter of Transmittal and Exchange Offer Registration Statement; 
  
 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement and
applicable law; 
  
 (C) such transfer is effected
by a Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement and applicable law; or 
  
 (D) the Registrar receives the following: 
  
 (i) if the Holder of such Definitive Notes proposes to exchange such Notes for a beneficial interest in the Unrestricted Global Note, a
certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 
  
 (ii) if the Holder of such Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the form of a
beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 
  
 and, in each such case set forth in this subparagraph (D), if the Registrar or the Company so requests or if the Applicable
Procedures so require, an opinion of counsel (which opinion and counsel are reasonably satisfactory to the Company and the Trustee)to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on
transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
  
 Upon satisfaction of the conditions of any of the subparagraphs in this Section 2.06(d)(2), the Trustee will cancel the Definitive Notes
and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 
  
 (3) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note
may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of
a request for such an exchange or transfer, the Trustee will cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. 

 If any such exchange or transfer from a Definitive Note to a beneficial interest is
effected pursuant to subparagraphs (2)(B), (2)(D) or (3) above at a time when an Unrestricted Global Note has not yet been issued, the Company will issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the
Trustee will authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 
  
 (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and
such Holder’s compliance with the provisions of this Section 2.06(e), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder must present or surrender
to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar and the Company duly executed by such Holder or by its attorney, duly authorized in writing. In addition,
the requesting Holder must provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.06(e). 
  
 (1) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted Definitive Note may be
transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 
  
 (A) if the transfer will be made pursuant to Rule 144A, then the transferor must deliver a certificate in
the form of Exhibit B hereto, including the certifications in item (1) thereof; 
  
 (B) if the transfer will be made pursuant to Rule 903 or Rule 904, then the transferor must deliver a certificate in the form of Exhibit B
hereto, including the certifications in item (2) thereof; and 
  
 (C) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the
certifications, certificates and opinion of counsel required by item (3) thereof, if applicable. 
  
 (2) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive Note may be exchanged by the Holder
thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if: 
  

(A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and
applicable law and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, provides the certifications required by the applicable Letter of Transmittal and Exchange Offer Registration Statement; 
  
 (B) any such transfer is effected pursuant to the Shelf
Registration Statement in accordance with the Registration Rights Agreement and applicable law; 
  
 (C) any such transfer is effected by a Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with the
Registration Rights Agreement and applicable law; or 

 (D) the Registrar receives the following: 
  
 (i) if the Holder of such Restricted Definitive Notes
proposes to exchange such Notes for an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 
  
 (ii) if the Holder of such Restricted Definitive Notes
proposes to transfer such Notes to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

 
 and, in each such case set forth in this subparagraph (D), if the
Registrar or the Company so requests, an opinion of counsel (which opinion and counsel shall be reasonably satisfactory to the Company and the Trustee) to the effect that such exchange or transfer is in compliance with the Securities Act and that
the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
  
 (3) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of Unrestricted
Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted Definitive Notes
pursuant to the instructions from the Holder thereof. 
  
 (f)
Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the Registration Rights Agreement, the Company will issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee will
authenticate one or more Unrestricted Global Notes and/or Unrestricted Definitive Notes in an aggregate principal amount equal to the aggregate principal amount of the beneficial interests in the Restricted Global Noes, or the Restricted Definitive
Notes, as the case may be, accepted for exchange in the Exchange Offer in accordance with the Registration Rights Agreement and applicable law. 
  
 Concurrently with the issuance of such Notes, the Trustee, the Custodian or the Depositary or its nominee, as the case may be, will cause the aggregate
principal amount of the applicable Restricted Global Notes to be reduced accordingly. 
  
 (g) Legends. The following legends will appear on the face of all Global Notes and Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this
Indenture. 
  
 (1) Private Placement
Legend. 
  
 (A) Except as permitted by
subparagraph (B) below, each Global Note and each Definitive Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
  
 “THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE 

 TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY
EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT (A) SUCH SECURITY MAY
BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (1) (a) IN THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 144A, (b) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (c) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (d) TO AN INSTITUTIONAL
“ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a) (1), (2), (3) OR (7) OF THE SECURITIES ACT (AN “INSTITUTIONAL ACCREDITED INVESTOR”)) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN
REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER
IS IN COMPLIANCE WITH THE SECURITIES ACT OR (e) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY, OR (3) PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE.” 
  
 (B) Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraphs (b)(4), (c)(3), (c)(4), (d)(2),
(d)(3), (e)(2), (e)(3) or (f) of this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) will not bear the Private Placement Legend. 
  
 (2) Global Note Legend. Each Global Note will bear a legend in substantially the following form:

  
 “THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO
SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE
INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
  
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE 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. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE 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.” 
  
 (3) Regulation S Temporary Global Note Legend. The Regulation S Temporary Global Note will bear a Legend in substantially the
following form: 
  
 “EXCEPT AS SPECIFIED IN THE INDENTURE, BENEFICIAL
OWNERSHIP INTERESTS IN THIS REGULATION S TEMPORARY GLOBAL NOTE WILL NOT BE EXCHANGEABLE FOR INTERESTS IN THE REGULATION S PERMANENT GLOBAL NOTE OR ANY OTHER SECURITY REPRESENTING AN INTEREST IN THE SECURITIES REPRESENTED HEREBY WHICH DO NOT CONTAIN
A LEGEND CONTAINING RESTRICTIONS ON TRANSFER, UNTIL THE EXPIRATION OF THE “40 DAY DISTRIBUTION COMPLIANCE PERIOD” (WITHIN THE MEANING OF RULE 903(b)(3) OF REGULATION S UNDER THE SECURITIES ACT). DURING SUCH 40 DAY DISTRIBUTION COMPLIANCE
PERIOD, BENEFICIAL OWNERSHIP INTERESTS IN THIS REGUALATION S TEMPORARY GLOBAL NOTE MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED THROUGH EUROCLEAR BANK S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM, OR CLEARSTREAM BANKING, S.A. NEITHER THE HOLDER NOR
THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON.” 
  
 (h) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been exchanged for
Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the Trustee in accordance with Section 2.11 hereof. At any time
prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive Notes, the principal
amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee, the Custodian or by the Depositary at the direction of the Trustee to reflect such reduction; and if the
beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an endorsement will be made on
such Global Note by the Trustee, the Custodian or by the Depositary at the direction of the Trustee to reflect such increase. 
  
 (i) General Provisions Relating to Transfers and Exchanges. 
  
 (1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will
authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request. 
  
 (2) No service charge will 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, but the Company 

 
may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such
transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10, 3.06 and 9.05 hereof). 
  
 (3) The Registrar will not be required to register the transfer of or exchange of any Note selected for redemption in whole or in part,
except the unredeemed portion of any Note being redeemed in part. 
  
 (4) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the Company, evidencing the same debt, and entitled
to the same benefits under this Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange. 
  
 (5) Neither the Registrar nor the Company will be required: 
  
 (A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening
of business 15 days before the day of any selection of Notes for redemption under Section 3.02 hereof and ending at the close of business on the day of selection; 
  
 (B) to register the transfer of or to exchange any Note selected for redemption in whole or in part, except
the unredeemed portion of any Note being redeemed in part; or 
  
 (C) to register the transfer of or to exchange a Note between a record date and the next succeeding interest payment date. 
  
 (6) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Company may deem and treat the
Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Company shall be
affected by notice to the contrary. 
  
 (7) The
Trustee will authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.02 hereof. 
  
 (8) All certifications, certificates and opinions of counsel required to be submitted to the Trustee and/or the Company pursuant to this
Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile unless the Trustee or the Company otherwise require. 
  
 The Trustee shall retain copies of all letters, notices and other written communications received pursuant to this Section 2.06 (including all Notes
received for transfer pursuant to Section 2.06). The Company shall have the right to require the Trustee to deliver to the Company, at the Company’s expense, copies of all such letters, notices or other written communications at any reasonable
time upon the giving of reasonable written notice to the Trustee. 
  
 In connection with any transfer of any Note, the Trustee and the Company shall be entitled to receive, shall be under no duty to inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon the
certificates, opinions and other information referred to herein (or in the forms provided herein, attached hereto or to the Notes, or otherwise) received from any Holder and any transferee of any Note regarding the validity, legality and due
authorization of any such transfer, the eligibility of the transferee to receive such Note and any other facts and circumstances related to such transfer. 

 Section 2.07 Replacement Notes. 
  
 If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of
the destruction, loss or theft of any Note, the Company will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or the Company,
an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is
replaced. The Company may charge for its expenses in replacing a Note. 
  
 Every replacement Note is an additional obligation of the Company and will 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. 
  
 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 hereof, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 
  
 If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof
satisfactory to it that the replaced Note is held by a protected purchaser. 
  
 If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. 
  
 If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a redemption date or
maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes will be deemed to be no longer outstanding and will cease to accrue interest. 
  
 Section 2.09 Treasury Notes. 
  
 In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the
Company or any Subsidiary Guarantor, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any Subsidiary Guarantor, will be considered as though not outstanding, except
that for the purposes of determining whether the Trustee will be protected in relying on any such direction, waiver or consent, only Notes that the Trustee knows are so owned will be so disregarded. 
  
 Section 2.10 Temporary Notes. 
  
 Until certificates representing Notes are ready for delivery, the Company
may prepare and the Trustee, upon receipt of an Authentication Order, will authenticate temporary Notes. Temporary Notes will be substantially in the form of certificated Notes but may have variations that the Company considers appropriate for
temporary Notes and as may be reasonably acceptable to the Trustee. Without unreasonable delay, the Company will prepare and the Trustee will authenticate definitive Notes in exchange for temporary Notes. 

 Holders of temporary Notes will be entitled to all of the benefits of this Indenture. 
  
 Section 2.11 Cancellation. 
  
 The Company at any time may deliver Notes to the Trustee for cancellation.
The Registrar and Paying Agent will forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else will cancel all Notes surrendered for registration of transfer, exchange,
payment, replacement or cancellation and will destroy canceled Notes (subject to the record retention requirement of the Exchange Act). Certification of the destruction of all canceled Notes will be delivered to the Company. The Company 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. 
  
 If the Company defaults in a payment of interest on the Notes, it will pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are
Holders on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.01 hereof. The Company will 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. The Company will fix or cause to be fixed each such special record date and payment date; provided that no such special record date may be less than 10 days prior to the related payment date for such defaulted
interest. At least 15 days before the special record date, the Company (or, upon the written request of the Company, the Trustee in the name and at the expense of the Company) will mail or cause to be mailed to Holders a notice that states the
special record date, the related payment date and the amount of such interest to be paid. 
  
 ARTICLE 3 
 REDEMPTION AND PREPAYMENT 
  
 Section 3.01 Notices to Trustee. 
  
 If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, it must furnish to the Trustee, at least 30
days (unless a shorter notice shall be satisfactory to the Trustee) but not more than 60 days before a redemption date, an Officer’s Certificate setting forth: 
  
 (1) the clause of this Indenture pursuant to which the redemption shall occur; 
  
 (2) the expected redemption date; 
  
 (3) the principal amount of Notes to be redeemed;

  
 (4) the redemption price; and 
  
 (5) any conditions precedent to such redemption. 

 
 Section 3.02 Selection of Notes to Be Redeemed or Purchased. 
  
 If less than all of the Notes are to be redeemed or purchased in an offer to
purchase at any time, the Trustee will select Notes for redemption or purchase on a pro rata basis except: 
  
 (1) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities
exchange on which the Notes are listed; or 
  
 (2) if otherwise required by law. 

 In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased
will be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption or purchase date by the Trustee from the outstanding Notes not previously called for redemption or purchase. 
  
 The Trustee will promptly notify the Company in writing of the Notes selected
for redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected will be in amounts of $1,000 or whole multiples of
$1,000; 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 a multiple of $1,000, 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. 
  

Section 3.03 Notice of Redemption. 
  
 At least 30 days but not more than 60 days before a redemption date, the Company will mail or cause to be mailed, by first class mail, a notice of
redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a
satisfaction and discharge of this Indenture pursuant to Articles 8 or 12 hereof. 
  
 The notice will identify the Notes to be redeemed and will state: 
  
 (1) the expected redemption date; 
  
 (2) the redemption price; 
  
 (3) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the redemption
date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note; 
  
 (4) the name and address of the Paying Agent; 
  
 (5) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption
price; 
  
 (6) that, unless the Company defaults
in making such redemption payment, interest on Notes called for redemption ceases to accrue on and after the redemption date; 
  
 (7) the paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed;

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

 In addition, if such redemption, purchase or notice is subject to satisfaction of one or more conditions
precedent, as permitted by Section 3.07, such notice shall describe each such condition, and if applicable, shall state that, in the Company’s discretion, the redemption date may be delayed (but may not be delayed more than 60 days beyond the
date the Company mails the applicable notice of redemption) until such time as any or all such conditions are satisfied, or such redemption or purchase may not occur and such notice may be rescinded in the event that any or all such conditions shall
not have been satisfied by the redemption date. 
  
 At the
Company’s request, the Trustee will give the notice of redemption in the Company’s name and at its expense; provided, however, that the Company has delivered to the Trustee, at least 45 days (unless a shorter notice shall be
satisfactory to the Trustee) prior to the expected redemption date, an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph.

  
 The notice if mailed in the 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 by mail or any defect in the notice to the Holder of any Note designated for redemption as a whole or in part shall
not affect the validity of the proceedings for the redemption of any other Note. 
  
 Section 3.04 Effect of Notice of Redemption. 
  
 Once notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for redemption become irrevocably due and payable on the redemption date at the redemption price; provided that Notes called for redemption may
be subject to the satisfaction of one or more conditions precedent, as provided in Section 3.07 of this Indenture, and included in the redemption notice mailed to Holders pursuant to Section 3.03 hereof. Such redemption may be extended or delayed,
and such redemption may be rescinded, as provided in Section 3.03. 
  
 Section
3.05 Deposit of Redemption or Purchase Price. 
  
 One
Business Day prior to the redemption date, or any purchase date referred to in Section 4.10(c) or Section 4.15 hereof, as applicable, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or
purchase price of and accrued interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying
Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Liquidated Damages, if any, on, all Notes to be redeemed or purchased. 
  
 If a redemption is subject to one or more conditions precedent that have been
included in the redemption notice mailed to Holders pursuant to Section 3.03 hereof, and any of such conditions precedent have not been satisfied or waived by the Company prior to the close of business on the redemption date given in the notice of
redemption mailed to the Holders pursuant to Section 3.03 hereof (as such date may have been extended or delayed as provided in Section 3.03 hereof), or such redemption shall have been rescinded as provided in Section 3.03 hereof, the Trustee or
Paying Agent will promptly return to the Company money deposited with the Trustee or the Paying Agent by the Company to pay the redemption price of, and accrued interest and Liquidated Damages, if any, on all Notes to be redeemed. If the Trustee
returns the redemption price of, and accrued interest and Liquidated Damages, if any, on all Notes to be redeemed because such condition precedent has not been satisfied, then, within 15 days following the redemption date given in the notice of
redemption mailed to Holders (as such date may be have been extended or delayed as provided in Section 3.03 hereof), the Company will mail or caused to be mailed, by first class mail, a notice to each Holder whose Notes were to be redeemed at its
registered 

 
address, stating that (i) such redemption has been rescinded in accordance with Section 3.03 hereof, (ii) any Notes surrendered for redemption by such Holder
have been credited to such Holder’s account or otherwise returned to such Holder, (iii) such Notes remain issued and outstanding and (iv) interest on the Notes did not cease to accrue and will continue to accrue pursuant to this Indenture, and
including such other information as determined by the Company, consistent with this Article 3. 
  
 Subject to the final sentence of this paragraph, if the Company complies with the provisions of the first paragraph of this Section 3.05, on and after the redemption or purchase date, interest will cease to accrue on
the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to
the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Company to comply
with the first paragraph of this Section 3.05, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each
case at the rate provided in the Notes and in Section 4.01 hereof. If any Note called for redemption is not so paid upon surrender for redemption on the redemption date because one or more conditions precedent to redemption is not satisfied,
interest shall continue to accrue on such Note or the portions thereof called for redemption. 
  
 Section 3.06 Notes Redeemed or Purchased in Part. 
  
 Upon surrender of a Note that is redeemed or purchased in part, the Company will issue and, upon receipt of an Authentication Order, the Trustee will authenticate for the Holder at the expense of the Company a new
Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered. 
  
 Section 3.07 Optional Redemption. 
  
 (a) At any time prior to February 1, 2008, the Company may on any one or more occasions redeem up to a maximum of 35% of the original aggregate principal amount of Notes calculated giving effect to any issuance of
Additional Notes) with funds in the aggregate amount not exceeding the aggregate Net Cash Proceeds of one or more Equity Offerings, at a redemption price equal to 108% of the principal amount thereof, plus accrued and unpaid interest and Liquidated
Damages, if any, thereon to 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, however, that after giving effect to any
such redemption: 
  
 (1) at least 65% of the
original aggregate principal amount of the Notes (calculated giving effect to any issuance of Additional Notes) remains outstanding; and 
  
 (2) any such redemption by the Company must be made within 90 days of the related Equity Offering and must be made in accordance with
certain procedures set forth in this Indenture. 
  
 Any notice of
such redemption may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not
limited to the completion of the related Equity Offering. 

 (b) At any time prior to February 1, 2008, the Company may also redeem all of the Notes upon the
occurrence of a Change of Control (but in no event may any such redemption occur more than 90 days after the occurrence of such Change of Control), at a redemption price equal to 108% of the principal amount of Notes redeemed plus accrued and unpaid
interest and Liquidated Damages, if any, to the applicable date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date. Any notice of such redemption may be given
prior to the occurrence of a Change of Control, and any such redemption or notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of
Control. 
  
 (c) Except pursuant to the preceding paragraphs, the
Notes will not be redeemable at the Company’s option prior to February 1, 2008. 
  
 (d) On or after February 1, 2008, the Company may redeem all or a part of the Notes, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest and
Liquidated Damages, if any, on the Notes redeemed to the applicable redemption date, subject to the rights of Holders on the relevant record date to receive interest on the relevant interest payment date if redeemed during the twelve-month period
commencing on February 1 of the years indicated below. 
  

				
	 Year

	  	Percentage

	 
	 2008
	  	104.000	%
	 2009
	  	102.667	%
	 2010
	  	101.333	%
	 2011 and thereafter
	  	100.000	%

  
 Unless the Company
defaults in the payment of the redemption price or such redemption is rescinded as provided in Section 3.03 hereof, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. 

 
 (e) Any redemption pursuant to this Section 3.07 shall be made pursuant to
the provisions of Sections 3.01 through 3.06 hereof. 
  
 Section 3.08 Mandatory
Redemption. 
  
 The Company is not required to make mandatory
redemption or sinking fund payments with respect to the Notes. 
  
 ARTICLE 4 
 COVENANTS 
  
 Section 4.01 Payment of Notes. 
  
 The Company will pay or cause to be paid the principal of, premium, if any, and interest and Liquidated Damages, if any, on, the Notes on the dates and in
the manner provided in the Notes. Principal, premium, if any, and interest and Liquidated Damages, if any will be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 10:00 a.m. New York
City time on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. If a payment date is not a Business Day, payment may be made on
the next succeeding day that is a Business Day and no interest shall accrue on such payment for the intervening period. The Company will pay all Liquidated Damages, if any, in the same manner on the dates and in the amounts set forth in the
Registration Rights Agreement. 

 The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy
Law) on overdue principal at the rate equal to the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest and Liquidated Damages (without regard to any applicable grace period) at the same rate to the extent lawful. 
  
 Section 4.02 Maintenance of Office or Agency. 
  
 The Company will maintain an office or agency designated by it (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 Company in respect of the Notes and this Indenture may be served. The Company will give prompt written notice to
the Trustee of any such designation or rescission of any such designation, and the location and any change in the location, of such office or agency (other than the designation and location specified in the following paragraph). If at any time the
Company fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee.

  
 The Company hereby designates the Corporate Trust Office of
the Trustee as one such office or agency of the Company in accordance with Section 2.03 hereof. 
  
 Section 4.03 SEC Reports. 
  
 (a) Whether or not required by the rules and regulations of the SEC, so long as any Notes are outstanding, the Company will furnish to the Holders of Notes, cause the Trustee to furnish to the Holders of Notes or file with the SEC, within
the time periods specified in the SEC’s rules and regulations: 
  
 (1) all quarterly and annual reports that would be required to be filed with the SEC on Forms 10-Q and 10-K if the Company were required to file reports; and 
  
 (2) all current reports that would be required to be filed
with the SEC on Form 8-K if the Company were required to file such reports. 
  
 All such reports will be prepared in all material respects in accordance with all of the rules and regulations applicable to such reports. Each annual report on Form 10-K will include a report on the Company’s
consolidated financial statements by the Company’s certified independent accountants. In addition, following the consummation of the Exchange Offer contemplated by the Registration Rights Agreement, the Company will file a copy of each of the
reports referred to in clauses (1) and (2) above with the SEC for public availability within the time periods specified in the rules and regulations applicable to such reports (unless the SEC will not accept such a filing). The Company will at all
times comply with TIA § 314(a).  
  
 If, at any time
after consummation of the Exchange Offer contemplated by the Registration Rights Agreement, the Company is no longer subject to the periodic reporting requirements of the Exchange Act for any reason, the Company will nevertheless continue filing the
reports specified in the preceding paragraphs with the SEC within the time periods specified above unless the SEC will not accept such a filing. If, notwithstanding the foregoing, the SEC will not accept the Company’s filings for any reason,
the Company will post the reports referred to in the preceding paragraphs on its website (if it then maintains a website) within the time periods that would apply if the Company were required to file those reports with the SEC. 

 (b) For so long as any Notes remain outstanding, if at any time they are not required to file with the
SEC the reports required by paragraphs (a) and (b) of this Section 4.03, the Company and the Subsidiary Guarantors will furnish to the Holders and to securities analysts and prospective investors, upon their request, the information required to be
delivered pursuant to Rule 144A(d)(4) under the Securities Act. 
  
 Section
4.04 Compliance Certificate. 
  
 (a) The Company and each
Subsidiary Guarantor (to the extent that such Subsidiary Guarantor is so required under the TIA) shall deliver to the Trustee, within 120 days after the end of each fiscal year, an Officer’s Certificate stating that a review of the activities
of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officer with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this
Indenture, and further stating, as to such Officer signing such certificate, that to the best of his or her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default
in the performance or observance of any of the terms, provisions, conditions and covenants of this Indenture (or, if a Default or Event of Default has occurred, describing all such Defaults or Events of Default of which he or she may have knowledge
and what action the Company is taking or proposes to take with respect thereto) and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or interest, if
any, on the Notes is prohibited or if such event has occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto. 
  
 (b) So long as any of the Notes are outstanding, the Company will deliver to the Trustee, within 30 days after the
occurrence thereof, specifying such Default or Event of Default, its status and what action the Company is taking or proposes to take in respect thereof. 
  
 Section 4.05 [Intentionally Omitted] 
  
 Section 4.06 Stay, Extension and Usury Laws. 
  
 The Company and each of the Subsidiary Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or
in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company and
each of the Subsidiary Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 
  
 Section 4.07 Limitation on Restricted Payments. 
  
 (a) The Company will not, and will not permit any Restricted Subsidiary, directly or indirectly to: 
  
 (1) declare or pay any dividend or make any distribution on
or in respect of its Capital Stock (including any payment in connection with any merger or consolidation involving the Company or any Subsidiary of the Company) to the holders of its Capital Stock in their capacity 

 
as such, except (x) dividends or distributions payable solely in its Capital Stock (other than Disqualified Stock or, in the case of a Subsidiary, Preferred
Stock) and (y) dividends or distributions payable to the Company or a Restricted Subsidiary (and, if such Restricted Subsidiary has stockholders or equity owners other than the Company or other Restricted Subsidiaries, to its other stockholders or
equity owners on a pro rata basis); 
  
 (2)
purchase, repurchase, redeem, retire or otherwise acquire for value any Capital Stock of the Company held by Persons other than the Company or a Restricted Subsidiary or any Capital Stock of any Parent; 
  
 (3) purchase, repurchase, redeem, retire, defease or
otherwise acquire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment any Subordinated Obligations (other than the purchase, repurchase redemption, retirement, defeasance or other acquisition for value of
Subordinated Obligations acquired in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of acquisition); or 
  
 (4) make any Investment (other than a Permitted Investment)
in any other Person; 
  
 (any such dividend,
distribution, payment, purchase, redemption, repurchase, defeasance, retirement, or other acquisition or Investment being herein referred to as a “Restricted Payment”), 
  
 if at the time the Company or such Restricted Subsidiary makes such Restricted Payment: 
  
 (A) a Default will have occurred and be continuing (or would
result therefrom); 
  
 (B) the Company could not
Incur at least $1.00 of additional Indebtedness under paragraph (a) of Section 4.09 hereof; or 
  
 (C) the aggregate amount of such Restricted Payment and all other Restricted Payments (the amount so expended, if other than in cash, to
be determined in good faith by the Board of Directors, whose determination will be conclusive and evidenced by a resolution of the Board of Directors) declared or made subsequent to the Closing Date would exceed the sum, without duplication, of:

  
 (i) 50% of the Consolidated Net Income of
the Company for the period (taken as one accounting period) from the beginning of the first fiscal quarter commencing after the date of this Indenture to the end of the Company’s most recently ended fiscal quarter for which internal financial
statements are available at the time of such Restricted Payment (or, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit); 
  

(ii) the aggregate Net Cash Proceeds and Fair Market Value of property or assets received by the Company as capital contributions to
the Company or from the issue or sale of its Capital Stock (other than Disqualified Stock) in each case, subsequent to the Closing Date (other than an issuance or sale to (x) a Subsidiary of the Company or (y) an employee stock ownership plan or
other trust established by the Company or any of its Subsidiaries, except to the extent that Consolidated Net Worth increases as a result of such issue or sale to such plan or trust); 

 (iii) the amount by which Indebtedness of the Company or any of its Restricted
Subsidiaries is reduced on the Company’s balance sheet upon the conversion or exchange (other than by a Subsidiary of the Company) subsequent to the Closing Date of any Indebtedness of the Company or any of its Restricted Subsidiaries issued
after the Closing Date which is convertible or exchangeable for Capital Stock (other than Disqualified Stock) of the Company or any Parent (less the amount of any cash or the Fair Market Value of other property distributed by the Company or any
Restricted Subsidiary upon such conversion or exchange plus the amount of cash, property or assets (determined as provided above) received by the Company or any Restricted Subsidiary upon such conversion or exchange); 
  
 (iv) the amount equal to the net reduction in Investments
in Unrestricted Subsidiaries resulting from (x) payments of dividends, repayments of the principal of loans or advances or other transfers of assets to the Company or any Restricted Subsidiary from Unrestricted Subsidiaries or (y) the redesignation
of Unrestricted Subsidiaries as Restricted Subsidiaries (valued in each case as provided in the definition of “Investment”) not to exceed, in the case of any Unrestricted Subsidiary, the amount of Investments previously made by the Company
or any Restricted Subsidiary in such Unrestricted Subsidiary, which amount was included in the calculation of the amount of Restricted Payments; and 
  
 (v) in the case of any disposition or repayment or return of all or any portion of any Investment other than a Permitted Investment
(without duplication of any amount deducted in calculating the amount of Investments at any time outstanding included in the amount of Restricted Payments), an amount in the aggregate equal to the lesser of the return of capital, repayment or other
proceeds with respect to all such Investments and the initial amount of all such Investments. 
  
 (b) The provisions of the foregoing paragraph (a) will not prohibit any of the following (each a “Permitted Payment”): 
  
 (1) the making of any Restricted Payment in exchange for, or out of the Net Cash Proceeds of the
substantially concurrent sale (other than to a Subsidiary of the Company) of, Capital Stock of the Company (other than Disqualified Stock) or from the substantially concurrent contribution of common equity capital to the Company; provided,
however, that: 
  
 (A) such Restricted
Payment will be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; and 
  
 (B) the Net Cash Proceeds from such sale applied in the manner set forth in this clause (1) will be excluded from the calculation of
amounts under clause (4)(C)(ii) of paragraph (a) above; 
  
 (2) any prepayment, repayment, purchase, repurchase, redemption, retirement, defeasance or other acquisition for value of Subordinated Obligations of the Company made by exchange for, or out of the proceeds of the substantially concurrent
sale of, Indebtedness of the Company that is permitted to be Incurred pursuant to paragraph (b) of Section 4.09 hereof; provided, however, that such prepayment, repayment, purchase, repurchase, redemption, retirement, defeasance or
other acquisition for value will be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; 

 (3) any prepayment, repayment, purchase, repurchase, redemption, retirement, defeasance
or other acquisition for value of Subordinated Obligations (i) from Net Available Cash to the extent permitted by Section 4.10 hereof (ii) to the extent provided by the agreement governing such Subordinated Obligations, following the occurrence of a
Change of Control (or, in the case of Indebtedness of a Restricted Subsidiary Incurred and outstanding on or prior to the date on which such Restricted Subsidiary was acquired by or became a Restricted Subsidiary of the Company, any similar event),
but only if, in each case, the Company shall have complied with Section 4.15 hereof and, if required, purchased all Notes tendered pursuant to the offer to repurchase all the Notes tendered thereby prior to purchasing such Subordinated Obligations;
and (iii) to the extent such Subordinated Obligations were Indebtedness of a Restricted Subsidiary Incurred and outstanding on or prior to the date on which such Restricted Subsidiary was acquired by or became a Restricted Subsidiary of the Company
that was not Incurred in connection with, or in anticipation or contemplation of, the acquisition giving rise to the Incurrence of such acquired Indebtedness; provided, however, that such prepayment, repayment, purchase, repurchase,
redemption, retirement, defeasance or other acquisition for value will be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; 
  
 (4) dividends paid within 60 days after the date of declaration thereof if at such date of declaration such
dividends would have complied with this covenant; provided, however, that such dividends will be included in the calculation of the amount of Restricted Payments under paragraph (a) above; 
  
 (5) any purchase, repurchase, redemption, retirement or
other acquisition for value of, or options to purchase, Capital Stock of the Company or any Parent from employees, former employees, directors or former directors of the Company or any of its Subsidiaries (or permitted transferees of such employees,
former employees, directors or former directors), pursuant to the terms of agreements (including employment agreements) or plans (or amendments thereto) approved by the Board of Directors under which such individuals purchase or sell or are granted
the option to purchase or sell, such Capital Stock or upon death, resignation or termination of employment, and loans, advances, dividends or distributions by the Company to any Parent to permit any Parent to make any such purchase, repurchase,
redemption, retirement or other acquisition for value; provided, however, that the aggregate amount of such purchases, repurchases, redemptions, retirements and other acquisitions for value will not exceed $2.5 million in any calendar
year (which amount shall be increased by the amount of any cash proceeds to the Company or any Parent from, or as a contribution to its capital from, (x) sales of Capital Stock to directors, officers or employees of the Company or any of its
Subsidiaries subsequent to the Closing Date and (y) any “key man” life insurance policies which are used to make such redemptions or repurchases); provided that any unused amounts in one year can be carried forward to the next year,
but cannot be carried forward to any succeeding year; provided further, however, that such purchases, repurchases, redemptions, retirements and other acquisitions for value shall be included in the calculation of the amount of
Restricted Payments under paragraph (a) above; 
  
 (6) loans, advances, dividends or distributions to any Parent or other payments by the Company or any of its Restricted Subsidiaries to pay or permit any Parent to pay Parent Taxes or Parent Expenses; provided that such payments
shall be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; 

 (7) the payment of fees and compensation as permitted under clause (5) or (7) of
paragraph (b) of Section 4.11 hereof; provided that such payments shall be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; 
  
 (8) repurchases of Capital Stock deemed to occur upon the exercise of stock options if such Capital Stock
represents all or a portion of the exercise price thereof or taxes due in connection with such exercise; provided that such repurchases shall be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above;

  
 (9) Restricted Payments made pursuant to, or
contemplated by, or made to any Parent to permit any Parent to perform its obligations under, the provisions of any Transaction Document as in effect on the date of this Indenture, and as the same may be amended or replaced either by a Board of
Directors Approval or by any such amendment or replacement that is not materially more disadvantageous to the Holders in any material respect than the original Transaction Document as in effect on the date of this Indenture; provided, that
such payments shall be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; 
  
 (10) the declaration and payment of regularly scheduled or accrued dividends to holders of any class or series of Disqualified Stock of
the Company or any Restricted Subsidiary of the Company issued on or after the date of this Indenture in accordance with Section 4.09 hereof; provided that such payments shall be excluded in the calculation of the amount of Restricted
Payments under paragraph (a) above; 
  
 (11) the
distribution of Capital Stock of an Unrestricted Subsidiary to holders of Capital Stock of the Company; provided that such distribution is made promptly following the formation of, and investment in, such Unrestricted Subsidiary; and
provided further that such distribution (but not such investment) shall be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; 
  
 (12) the Company or any Restricted Subsidiary from purchasing all (but not less than all), excluding
directors’ qualifying shares, of the Capital Stock or other ownership interests in a Subsidiary of the Company which Capital Stock or other ownership interests were not theretofore owned by the Company or a Restricted Subsidiary of the Company;
provided that such purchases shall be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; 
  
 (13) loans, advances, dividends, distributions or other payments, not to exceed $100,000 in the aggregate, to enable the Company or any
Parent to make payments to holders of its Capital Stock in lieu of the issuance of fractional shares of its Capital Stock; provided that such loans, advances, dividends, distributions or other payments shall be excluded in the calculation of
the amount of Restricted Payments under paragraph (a) above; 
  
 (14) Restricted Payments made in connection with the Transactions; provided that such Restricted Payments shall be excluded in the calculation of the amount of Restricted Payments under paragraph (a) above; or

  
 (15) Restricted Payments (including loans and
advances) in an aggregate amount at any time not to exceed $20.0 million (net of repayments of any such loans or advances); provided that such payments shall be excluded in the calculation of the amount of Restricted Payments under paragraph
(a) above. 

 The amount of all Restricted Payments (other than cash) will be the Fair Market Value on the date of the
Restricted Payment of the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment.. 
  
 Section 4.08 Limitation on Restrictions on Distributions from Restricted Subsidiaries.

  
 (a) The Company will not, and will not permit any Restricted
Subsidiary to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary, other than a Subsidiary Guarantor, to: 
  
 (1) pay dividends or make any other distributions on its
Capital Stock or pay any Indebtedness or other obligations owed to the Company; 
  
 (2) make any loans or advances to the Company; or 
  
 (3) transfer any of its property or assets to the Company, 
  

	except:	 	

  
 (A) any encumbrance or restriction pursuant to applicable law or an agreement in effect at or entered into on the Closing Date (including
this Indenture) and any encumbrance or restriction pursuant to any Credit Facility of the Company or a Restricted Subsidiary; 
  
 (B) any encumbrance or restriction with respect to a Restricted Subsidiary or any of its Subsidiaries pursuant to an agreement relating to
any Indebtedness Incurred by such Restricted Subsidiary prior to the date on which such Restricted Subsidiary was acquired by the Company (other than Indebtedness Incurred as consideration in, in contemplation of, or to provide all or any portion of
the funds or credit support utilized to consummate the transaction or series of related transactions pursuant to which such Restricted Subsidiary became a Restricted Subsidiary or was otherwise acquired by the Company) and outstanding on such date,
which encumbrance or restriction is not applicable to the Company or its Restricted Subsidiaries, or the properties or assets of the Company or its Restricted Subsidiaries, other than the Restricted Subsidiary, or the property or assets of the
Restricted Subsidiary, so acquired, or any Subsidiary thereof or the property or assets of any such Subsidiary; 
  
 (C) any encumbrance or restriction pursuant to an agreement effecting a Refinancing of Indebtedness Incurred pursuant to an agreement
referred to in clause (A) or (B) of this covenant or this clause (C) or contained in any amendment to an agreement referred to in clause (A) or (B) of this covenant or this clause (C); provided, however, that the encumbrances and
restrictions contained in any such Refinancing agreement or amendment are not materially less favorable taken as a whole, as determined by the Board of Directors acting in good faith, to the Holders than the encumbrances and restrictions contained
in such predecessor agreement; 
  
 (D) in the
case of clause (3), any encumbrance or restriction: 
  
 (i) that restricts the subletting, assignment or transfer of any property or asset or right and is contained in any lease, license or other contract entered into in the ordinary course of business; or 

 (ii) contained in security agreements securing Indebtedness of a Restricted Subsidiary
to the extent such encumbrance or restriction restricts the transfer of the property subject to such security agreements; 
  
 (E) with respect to a Restricted Subsidiary, any restriction imposed pursuant to an agreement entered into for the sale or disposition of
all or substantially all the Capital Stock or assets of such Restricted Subsidiary pending the closing of such sale or disposition; 
  
 (F) any encumbrances or restrictions contained in any Credit Facility extended to any Foreign Subsidiary of the Company; 
  
 (G) any encumbrance or restriction arising under or in
connection with Indebtedness or other contractual requirements of a Receivables Entity in connection with a Qualified Receivables Transaction; provided that such restrictions apply only to such Receivables Entity; 
  
 (H) restrictions on the transfer of assets pursuant to any
Permitted Lien; 
  
 (I) any encumbrance or
restriction arising under or in connection with any agreement or instrument relating to any Indebtedness permitted to be Incurred subsequent to the Closing Date pursuant to the provisions of Section 4.09 hereof, if (x) either (i) the encumbrance or
restriction applies only in the event of a payment default or a default with respect to a financial covenant contained in the terms of such agreement or instrument or (ii) the Company in good faith determines that such encumbrance or restriction
will not cause the Company not to have the funds necessary to pay the principal of or interest on the Notes and (y) the encumbrance or restriction is not materially more disadvantageous to the Holders of the Notes than is customary in comparable
financings (as determined by the Company in good faith); 
  
 (J) any encumbrance or restriction arising under or in connection with any agreement or instrument governing Capital Stock of any Person other than a Wholly Owned Subsidiary that is acquired after the Closing Date;
and 
  
 (K) any encumbrance or restriction
arising under or in connection with this Indenture and the Notes. 
  
 Section 4.09
Limitation on Indebtedness. 
  
 (a) The Company will not,
and will not permit any Restricted Subsidiary to, Incur, directly or indirectly, any Indebtedness; provided, however, that the Company or any Subsidiary Guarantor may Incur Indebtedness if on the date of such Incurrence and after
giving effect thereto the Consolidated Coverage Ratio would be greater than 2.0:1. 
  
 (b) Notwithstanding the foregoing paragraph (a), the Company and its Restricted Subsidiaries may Incur the following Indebtedness: 
  
 (1) Indebtedness under Credit Facilities in an aggregate principal amount at any one time outstanding under
this clause (1) not to exceed $280.0 million; 

 (2) Indebtedness of the Company owed to and held by any Restricted Subsidiary or
Indebtedness of a Restricted Subsidiary owed to and held by the Company or any Restricted Subsidiary; provided, however, that any subsequent issuance or transfer of any Capital Stock or any other event that results in any such
Restricted Subsidiary ceasing to be a Restricted Subsidiary or any subsequent transfer of any such Indebtedness (except to the Company or a Restricted Subsidiary) shall be deemed, in each case, to constitute the Incurrence of such Indebtedness by
the issuer thereof; 
  
 (3) Indebtedness (A)
represented by the Notes (not including any Additional Notes) and the Subsidiary Guarantees, (B) outstanding on the Closing Date (other than the Indebtedness described in clauses (1) and (2) above), (C) consisting of Refinancing Indebtedness
Incurred in respect of any Indebtedness Incurred pursuant to clauses (1) or (2) above or this clause (3) (including Indebtedness that is Refinancing Indebtedness) or the foregoing paragraph (a), and (D) consisting of Guarantees of any Indebtedness
permitted under clauses (1) and (2) of this paragraph (b); 
  
 (4) (A) Indebtedness of a Restricted Subsidiary Incurred and outstanding on or prior to the date on which such Restricted Subsidiary was acquired by or became a Restricted Subsidiary of the Company (other than
Indebtedness Incurred in contemplation of, in connection with, as consideration in, or to provide all or any portion of the funds or credit support utilized to consummate, the transaction or series of related transactions pursuant to which such
Restricted Subsidiary became a Subsidiary of or was otherwise acquired by the Company); provided, however, that on the date that such Restricted Subsidiary is acquired by the Company, the Company would have been able to Incur $1.00 of
additional Indebtedness pursuant to the foregoing paragraph (a) after giving effect to the Incurrence of such Indebtedness pursuant to this clause (4) and (B) Refinancing Indebtedness Incurred by a Restricted Subsidiary in respect of Indebtedness
Incurred by such Restricted Subsidiary pursuant to this clause (4); 
  
 (5) Indebtedness (A) in respect of performance bonds, bankers’ acceptances, letters of credit and surety or appeal bonds provided by the Company and the Restricted Subsidiaries in the ordinary course of their
business or other similar instruments or obligations issued, or relating to liabilities or obligations Incurred by the Company and the Restricted Subsidiaries in the ordinary course of their business (including those issued to governmental entities
in connection with self-insurance under applicable workers’ compensation statutes), (B) in respect of the financing of insurance premiums by the Company or any Restricted Subsidiary in the ordinary course of their business and (C) under
Interest Rate Agreements entered into for bona fide hedging purposes of the Company in the ordinary course of business, or otherwise in respect of any Credit Facility; 
  
 (6) Purchase Money Indebtedness and Capitalized Lease Obligations (in an aggregate principal amount not in
excess of $10.0 million at any time outstanding); 
  
 (7) Indebtedness of Foreign Subsidiaries in an aggregate principal amount not in excess of $20.0 million at any time outstanding; 
  
 (8) Guarantees by the Company or any Restricted Subsidiary of Indebtedness or any other obligation or liability of the Company or any
Restricted Subsidiary not incurred in violation of this Section 4.09; 
  
 (9) Indebtedness of a Receivables Subsidiary secured by a Lien on all or part of the assets disposed of in, or otherwise Incurred in connection with, a Financing Disposition (which Indebtedness is, except for Standard
Receivables Obligations, otherwise without recourse to the Company or any Restricted Subsidiary of the Company (other than such Receivables Subsidiary)); 

 (10) Indebtedness of the Company or any Restricted Subsidiary under Currency Agreements
entered into, in the judgment of the Company, to protect the Company or such Restricted Subsidiary from fluctuations in currency exchange rates and not entered into for speculative purposes; 
  
 (11) Indebtedness arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five business days
of Incurrence; 
  
 (12) Indebtedness arising from
agreements of the Company or a Restricted Subsidiary of the Company providing for indemnification, adjustment of purchase price, earn out or other similar obligations, in each case, Incurred or assumed in connection with the disposition of any
business, assets or a Restricted Subsidiary of the Company, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or Restricted Subsidiary for the purpose of financing such acquisition,
provided that the maximum assumable liability in respect of all such Indebtedness shall at no time exceed the gross consideration actually received by the Company and its Restricted Subsidiaries in connection with such disposition; or

  
 (13) Indebtedness in an aggregate principal
amount on the date of Incurrence that, when added to all other Indebtedness Incurred pursuant to this clause (13) and to remain outstanding immediately after such Incurrence, will not exceed $25.0 million. 
  
 (c) For purposes of determining compliance with any Dollar-denominated
restriction on the Incurrence of Indebtedness denominated in a foreign currency, the Dollar-equivalent principal amount of such Indebtedness Incurred pursuant thereto shall be calculated based on the relevant currency exchange rate in effect on the
date that such Indebtedness was Incurred, in the case of term Indebtedness, or first committed, in the case of revolving credit Indebtedness, provided that (x) the Dollar-equivalent principal amount of any such Indebtedness outstanding on the
Closing Date shall be calculated based on the relevant currency exchange rate in effect on the Closing Date; (y) 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; and (z) the Dollar-equivalent principal amount of Indebtedness denominated in a foreign currency and that is incurred under
any Credit Facility shall be calculated based on the relevant currency exchange rate in effect on, at the Company’s option, (i) the Closing Date; (ii) any date on which any of the respective commitments under such Credit Facility shall be
reallocated between or among facilities or subfacilities thereunder, or on which such rate is otherwise calculated for any purpose thereunder; or (iii) the date of such Incurrence. 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 respective Indebtedness is denominated that is in effect on
the date of such refinancing. For purposes of determining the outstanding principal amount of any particular Indebtedness Incurred pursuant to this covenant: 
  

(1) Indebtedness Incurred pursuant to the Credit Agreement on the Closing Date shall be treated as Incurred pursuant to clause (1) of
paragraph (b) above, 

 (2) Indebtedness permitted by this covenant 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 covenant permitting such Indebtedness; and 
  
 (3) in the event that Indebtedness meets the criteria of
more than one of the types of Indebtedness described in this covenant, the Company, in its sole discretion, may classify such Indebtedness and only shall be required to include the amount of such Indebtedness in one of such clauses but may include
the same in more than one of such clauses. 
  
 Section 4.10 Limitation on Sales
of Assets and Subsidiary Stock. 
  
 (a) The Company will not,
and will not permit any Restricted Subsidiary to, make any Asset Disposition unless: 
  
 (1) the Company or such Restricted Subsidiary receives consideration (including by way of relief from, or by any other Person assuming
sole responsibility for, any liabilities, contingent or otherwise) at the time of such Asset Disposition at least equal to the fair value, as determined in good faith by the Board of Directors, of the shares or assets subject to such Asset
Disposition; 
  
 (2) at least 75% of the
consideration thereof received is in the form of cash; and 
  
 (3) an amount equal to 100% of the Net Available Cash from such Asset Disposition is applied by the Company (or such Restricted Subsidiary, as the case may be): 
  
 (A) first, to the extent the Company elects (or is
required by the terms of any Indebtedness), to prepay, repay, purchase, repurchase, redeem, retire, defease or otherwise acquire for value Senior Indebtedness of the Company or Indebtedness (other than obligations in respect of Preferred Stock) of a
Restricted Subsidiary (in each case other than Indebtedness owed to the Company or an Affiliate of the Company and other than obligations in respect of Disqualified Stock) within 365 days after the later of the date of such Asset Disposition or the
receipt of such Net Available Cash; 
  
 (B)
second, to the extent of the balance of Net Available Cash after application in accordance with clause (A), to the extent the Company or such Restricted Subsidiary elects, to reinvest in Additional Assets to be owned by the Company or a
Restricted Subsidiary (including by means of an Investment in Additional Assets by a Restricted Subsidiary with Net Available Cash) within 365 days from the later of such Asset Disposition or the receipt of such Net Available Cash, or, if such
reinvestment in Additional Assets is a project authorized by the Board of Directors that will commence within 365 days but that will take longer than 365 days to complete, the period of time necessary to complete such project; 
  
 (C) third, to the extent of the balance of such Net
Available Cash after application in accordance with clauses (A) and (B), to make an Offer (as defined in paragraph (b) of this covenant below) to purchase the Notes pursuant to and subject to the conditions set forth in paragraph (b) of this
covenant; provided, however, that if the Company elects (or is required by the terms of any other Senior Subordinated Indebtedness), such Offer may be made ratably to purchase the Notes and other Senior Subordinated Indebtedness of the
Company; and 

 (D) fourth, to the extent of the balance of such Net Available Cash after
application in accordance with clauses (A), (B) and (C), for any general corporate purpose permitted by the terms of this Indenture; 
  
 provided, however, that in connection with any prepayment, repayment, purchase, repurchase, redemption, retirement, defeasance or other acquisition
for value of Indebtedness pursuant to clause (A), (C) or (D) above, the Company or such Restricted Subsidiary will retire such Indebtedness and will cause the related loan commitment (if any) to be permanently reduced in an amount equal to the
principal amount so prepaid, repaid, purchased, repurchased, redeemed, retired, defeased or otherwise acquired for value. 
  
 Notwithstanding the foregoing provisions of this covenant, the Company and the Restricted Subsidiaries will not be required to apply any Net Available
Cash in accordance with this covenant except to the extent that the aggregate Net Available Cash for all Asset Dispositions that is not applied in accordance with this covenant exceeds $10.0 million. 
  
 For the purposes of this covenant, the following are deemed to be cash:

  
 (A) the amount of any liabilities (as shown
on the Company or any Restricted Subsidiary’s most recent balance sheet or the notes thereto and other than obligations in respect of Disqualified Stock of the Company or Disqualified Stock and Preferred Stock of a Restricted Subsidiary that is
a Subsidiary Guarantor) (i) that is assumed by the transferee of such assets and from which the Company and its Restricted Subsidiaries are unconditionally released or indemnified against by such transferee or (ii) in respect of which neither the
Company nor any Restricted Subsidiary following such Asset Disposition has any obligation, 
  
 (B) securities received by the Company or any Restricted Subsidiary from the transferee that within 60 days are converted by the Company
or such Restricted Subsidiary into cash, and 
  
 (C) any Designated Non-Cash Consideration received by the Company or any Restricted Subsidiary in such Asset Disposition having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received
pursuant to this covenant that is at that time outstanding, not to exceed the greater of (x) 2.0% of the total assets less the goodwill, net, and other intangible assets, net, of the Company and its Restricted Subsidiaries, in each case determined
on a consolidated basis in accordance with GAAP, as of the most recent date for which a consolidated balance sheet of the Company and its Restricted Subsidiaries is available, and (y) $10.0 million at the time of the receipt of such Designated
Non-Cash Consideration (with 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). 
  
 Notwithstanding the immediately preceding paragraphs of this covenant, the
Company and its Restricted Subsidiaries will be permitted to consummate an Asset Disposition without complying with such paragraphs to the extent that: 
  
 (1) at least 75% of the consideration for such Asset Disposition constitutes Additional Assets; and 

 (2) such Asset Disposition is for at least fair value, as determined in good faith by the
Board of Directors; provided that the Net Available Cash from any consideration not constituting Additional Assets received by the Company or any of its Restricted Subsidiaries in connection with any Asset Disposition permitted to be
consummated under this paragraph shall be subject to the provisions of the two preceding paragraphs; 
  
 provided, that at the time of entering into such transaction or immediately after giving effect thereto, no Default or Event of Default shall have occurred or be continuing or would occur as a consequence
thereof. 
  
 (b) In the event of an Asset Disposition that
requires the purchase of Notes pursuant to clause (a)(3)(C) of this covenant, the Company (i) will be required to purchase Notes tendered pursuant to an offer by the Company to the Holders for the Notes (the “Offer”) at a purchase
price of 100% of their principal amount plus accrued and unpaid interest and Liquidated Damages, if any, thereon to 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 (including prorating in the event of oversubscription), set forth in this Indenture; and (ii) may purchase other Senior Subordinated Indebtedness of the Company on the terms and to the extent
contemplated thereby (provided that in no event shall the Company offer to purchase such other Senior Subordinated Indebtedness of the Company at a purchase price in excess of 100% of its principal amount (without premium), plus accrued and
unpaid interest and Liquidated Damages, if any, thereon). If the aggregate purchase price of Notes (and other Senior Subordinated Indebtedness) tendered pursuant to the Offer is less than the Net Available Cash allotted to the purchase of the Notes
(and other Senior Subordinated Indebtedness (including Liquidated Damages, if any)), the Company will apply the remaining Net Available Cash in accordance with clause (a)(3)(D) of this Section 4.10. The Company will not be required to make an Offer
for Notes (and other Senior Subordinated Indebtedness) pursuant to this covenant if the Net Available Cash available therefor (after application of the proceeds as provided in clauses (a)(3)(A) and (B)) is less than $10.0 million for any particular
Asset Disposition (which lesser amount will be carried forward for purposes of determining whether an Offer is required with respect to the Net Available Cash from any subsequent Asset Disposition). 
  
 (c) In the event that, pursuant to this Section 4.10 hereof, the Company is
required to commence an Offer to all Holders to purchase Notes, it will follow the procedures specified below. 
  
 The Offer shall be made to all Holders and all holders of other Senior Subordinated Indebtedness containing provisions similar to those set forth in this
Indenture with respect to offers to purchase or redeem with the proceeds of sales of assets in accordance with this Indenture. The Offer will remain open for a period of at least 20 Business Days following its commencement and not more than 30
Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than three Business Days after the termination of the Offer Period (the “Purchase Date”), the
Company will apply all Net Available Cash (the “Offer Amount”) to the purchase of Notes and such other Senior Subordinated Indebtedness in accordance with Section 4.10(b). Payment for any Notes so purchased will be made in the same
manner as interest payments are made. 
  
 If the Purchase Date is
on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest and Liquidated Damages, if any, will be paid to the Person in whose name a Note is registered at the close of business on such
record date, and no additional interest will be payable to Holders who tender Notes pursuant to the Offer. 
  
 Upon the commencement of an Offer, the Company will send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the
Trustee. The notice will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Offer. The notice, which will govern the terms of the Offer, will state: 
  
 (1) that the Offer is being made pursuant to this Section
4.10 hereof and the length of time the Offer will remain open; 

 (2) the Offer Amount, the purchase price and the Purchase Date; 
  
 (3) that any Note not tendered or accepted for payment will
continue to accrue interest; 
  
 (4) that, unless
the Company defaults in making such payment, any Note accepted for payment pursuant to the Offer will cease to accrue interest after the Purchase Date; 
  
 (5) that Holders electing to have a Note purchased pursuant to an Offer may elect to have Notes purchased in integral multiples of $1,000
only; 
  
 (6) that Holders electing to have Notes
purchased pursuant to any Offer will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the Company, a Depositary, if
appointed by the Company, or a Paying Agent at the address specified in the notice at least three days before the Purchase Date; 
  
 (7) that Holders will be entitled to withdraw their election if the Company, the Depositary or the Paying Agent, as the case may be,
receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note 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 and other pari passu Indebtedness surrendered by holders thereof exceeds the Offer Amount, the Company will select the Notes and other pari passu
Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other pari passu Indebtedness surrendered (with such adjustments as may be deemed appropriate by the Company so that only Notes in
denominations of $1,000, or integral multiples thereof, will be purchased); and 
  
 (9) that Holders whose Notes were purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of
the Notes surrendered (or transferred by book-entry transfer). 
  
 On or before the Purchase Date, the Company will, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Offer, or if less than
the Offer Amount has been tendered, all Notes tendered, and will deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officer’s Certificate stating that such Notes or portions thereof were accepted for
payment by the Company in accordance with the terms of this Section 4.10. The Company, the Depositary or the Paying Agent, as the case may be, will promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each
tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Company for purchase, and the Company will promptly issue a new Note, and the Trustee, upon written request from the Company, will
authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered
by the Company to the Holder thereof. The Company will publicly announce the results of the Offer on the Purchase Date. 

 (d) The Company will comply, to the extent applicable, with the requirements of Section 14(e) of the
Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Section 4.10. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section
4.10, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached their obligations under this Section 4.10 by virtue thereof. 
  
 Section 4.11 Limitation on Transactions with Affiliates. 
  
 (a) The Company will not, and will not permit any Restricted Subsidiary to,
directly or indirectly, enter into or conduct any transaction or series of related transactions (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of the Company (an
“Affiliate Transaction”) unless such transaction is on terms: 
  
 (1) that are fair and reasonable to, and in the best interest of, the Company or such Restricted Subsidiary, as the case may be, as
determined in good faith by the Board of Directors; 
  
 (2) that, in the event such Affiliate Transaction involves an aggregate amount in excess of $5.0 million; 
  
 (A) are set forth in writing; and 
  
 (B) have been approved by a majority of the members of the Board of Directors; and 
  
 (3) that, in the event such Affiliate Transaction involves
an amount in excess of $20.0 million, have been determined by a nationally recognized appraisal, accounting or investment banking firm to be fair, from a financial point of view, to the Company or such Restricted Subsidiary, as the case may be.

  
 (b) The provisions of the foregoing paragraph (a) will not
prohibit: 
  
 (1) any Restricted Payment
permitted to be paid pursuant to Section 4.07 hereof, any Permitted Payment, or any Permitted Investments described in clauses (5) and (6) of the definition thereof; 
  
 (2) any issuance of securities, or other payments, awards or grants in cash, securities or otherwise
pursuant to, or the funding of, employment arrangements, stock or equity options and stock or equity ownership plans approved by the Board of Directors; 
  
 (3) the grant of stock or equity options or similar rights to employees and directors or members of the Board of Directors of the Company
or its Subsidiaries pursuant to plans and/or contracts approved by the Board of Directors; 
  
 (4) loans or advances to officers, directors or employees of the Company or its Subsidiaries in the ordinary course of business in
accordance with past practices of the Company, but in any event not to exceed $5.0 million in the aggregate outstanding at any one time; 

 (5) the payment of reasonable fees and compensation to, and the provision of indemnity on
behalf of, directors, officers, employees, consultants or members of the Board of Directors of the Company or any Subsidiary as determined in good faith by the Company’s Board of Directors; 
  
 (6) any transaction between the Company and a Restricted
Subsidiary or between Restricted Subsidiaries; 
  
 (7) any transaction or any payment pursuant to or contemplated by the provisions of any Transaction Document as in effect on the date of this Indenture, and as the same may be amended or replaced either by a Board of Directors Approval or
by any such amendment or replacement that is not materially more disadvantageous to the Holders in any material respect than the original Transaction Document as in effect on the date of this Indenture; 
  
 (8) transactions effected as part of a Qualified Receivables
Transaction; 
  
 (9) the granting or performance
of registration rights under a written registration rights agreement approved by the Board of Directors and containing customary terms, taken as a whole; 
  
 (10) transactions with Persons solely in their capacity as holders of Indebtedness or Capital Stock of the Company or any of its
Restricted Subsidiaries, where such Persons are treated no more favorably than holders of Indebtedness or Capital Stock of the Company or such Restricted Subsidiary generally; 
  
 (11) transactions with customers, clients, suppliers, or purchasers or sellers of goods or services in the
ordinary course of business; 
  
 (12) sales of
Capital Stock (other than Disqualified Stock or Preferred Stock of a Subsidiary that is not a Subsidiary Guarantor) for any consideration or any capital contribution; 
  
 (13) any agreement as in effect on the Closing Date and any amendment thereto or any replacement thereof or
any transaction completed pursuant to such amendment or replacement agreement (including pursuant to any amendment thereto), so long as any such amendment or replacement agreement is not materially more disadvantageous to the Holders of Notes in any
material respect than the original agreement as in effect on the Closing Date; 
  
 (14) transactions permitted by, and complying with, the provisions of Section 5.01 hereof; 
  
 (15) execution, delivery and performance of a tax sharing
agreement with respect to any of the charges, taxes or assessments described in the definition of “Parent Taxes;” 
  
 (16) any transaction in the ordinary course of business, or approved by a majority of the Board of Directors, between the Company or any
Restricted Subsidiary and any Affiliate of the Company controlled by the Company that is a joint venture or similar entity (in which no other Affiliate of the Company, other than a Restricted Subsidiary, owns any Capital Stock); and 
  
 (17) any agreement to do any of the foregoing. 

 Section 4.12 Limitation on Liens. 
  
 The Company may not Incur after the Closing Date any Secured Indebtedness,
other than Secured Indebtedness secured by Permitted Liens, which is not Senior Indebtedness of the Company unless contemporaneously therewith effective provision is made to secure the Notes equally and ratably with (or on a senior basis to, in the
case of Indebtedness subordinated in right of payment to the Notes) such Secured Indebtedness for so long as such Secured Indebtedness is secured by a Lien on any property or assets of the Company. A Subsidiary Guarantor may not Incur any Secured
Indebtedness, other than Secured Indebtedness secured by Permitted Liens, that is not Senior Indebtedness of such Subsidiary Guarantor unless contemporaneously therewith effective provision is made to secure the Subsidiary Guarantee of such
Subsidiary Guarantor equally and ratably with (or on a senior basis to, in the case of Indebtedness subordinated in right of payment to such Subsidiary Guarantee) such Secured Indebtedness for as long as such Secured Indebtedness is secured by a
Lien on any property or assets of such Subsidiary Guarantor. 
  
 Section 4.13 Business Activities. 
  
 The Company will not, and will not permit any of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Company and its Restricted
Subsidiaries taken as a whole. 
  
 Section
4.14 Corporate Existence. 
  
 Subject to Article 5 hereof,
the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect: 
  
 (1) its corporate existence, and the corporate, partnership or other existence of each of its Subsidiaries, in accordance with the
respective organizational documents (as the same may be amended from time to time) of the Company or any such Subsidiary; and 
  
 (2) the rights (charter and statutory), licenses and franchises of the Company and its Restricted Subsidiaries; provided, however,
that the Company shall not be required to preserve any such right, license or franchise, of the Company or any Restricted Subsidiary or (ii) the corporate, partnership or other existence of any Restricted Subsidiary if the maintenance and
preservation thereof is in the judgment of the Company no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole. 
  
 Section 4.15 Offer to Repurchase Upon Change of Control. 
  
 (a) Upon the occurrence of any Change of Control, each Holder will have the
right to require the Company to purchase all or any part (equal to $1,000 or an integral multiple of $1,000) of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest and
Liquidated Damages, if any, to 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 the event that at the time of such Change of Control the
terms of any Credit Facility or any other Senior Indebtedness restrict or prohibit the repurchase of Notes pursuant to this Section 4.15, then prior to the mailing of the notice to Holders provided for in the immediately following paragraph but in
any event within 30 days following the date the Company obtains actual knowledge of any Change of Control, the Company shall: 
  
 (1) repay in full all Indebtedness under Credit Facilities and all other Senior Indebtedness the terms of which require repayment upon a
Change of Control or if doing so will allow the purchase of the Notes, offer to repay in full all Indebtedness under such Credit Facilities and such other Senior Indebtedness and repay the Indebtedness under such Credit Facilities or such other
Senior Indebtedness of each lender who has accepted such offer; or 

 (2) obtain the requisite consent under the agreements governing the Credit Facilities and
all other Senior Indebtedness the terms of which require repayment upon a Change of Control to permit the repurchase of the Notes as provided for in the immediately following paragraph. 
  
 (b) Not later than 30 days following the date the Company obtains actual knowledge of any Change of Control, the Company
shall mail a notice to each Holder with a copy to the Trustee (the “Change of Control Offer”) stating: 
  
 (1) that a Change of Control has occurred and that such Holder has the right to require the Company to purchase all or a portion of such
Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest and Liquidated Damages, if any, to the date of purchase (subject to the right of Holders of record on the relevant record
date to receive interest on the relevant interest payment date); 
  
 (2) the circumstances and relevant facts and financial information regarding such Change of Control; 
  
 (3) the purchase date (which shall be no earlier than 30 days nor later than 90 days from the date such notice is mailed) (the
“Change of Control Payment Date”); 
  
 (4) that any Note not tendered will continue to accrue interest; 
  
 (5) that, unless the Company defaults in the payment of a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest and Liquidated Damages, if any, to the date of purchase
(subject to the right of Holders of record on the relevant record date to receive interest on the relevant interest payment date) in respect of any Notes or portions of Notes properly tendered, all Notes accepted for payment pursuant to the Change
of Control Offer will cease to accrue interest after the Change of Control Payment Date; 
  
 (6) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the Notes, with
the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day
preceding the Change of Control Payment Date; 
  
 (7) that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile
transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the Notes purchased; 
  
 (8) that Holders whose Notes are being purchased only in
part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $1,000 in principal amount or an integral multiple thereof; 
  
 (9) such other instructions determined by the Company,
consistent with this Section 4.15 and this Indenture, that a Holder must follow in order to have its Notes purchased; and 

 (10) if such notice is mailed prior to the occurrence of a Change of Control, that such
offer is conditioned on the occurrence of such Change of Control. 
  
 (c) The Company will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the purchase of Notes pursuant to this covenant. To the extent
that the provisions of any securities laws or regulations conflict with provisions of this covenant, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached their obligations under this
covenant by virtue thereof. 
  
 (d) On the Change of Control
Payment Date, the Company will, to the extent lawful: 
  
 (1) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 
  
 (2) deposit with the Paying Agent an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest and Liquidated
Damages, if any, to the date of purchase (subject to the right of Holders of record on the relevant record date to receive interest on the relevant interest payment date) in respect of all Notes or portions of Notes properly tendered; and

  
 (3) deliver or cause to be delivered to the
Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
  
 The Paying Agent will promptly mail (but in any case not later than five days after the Change of Control Payment Date) to
each Holder of Notes properly tendered 101% of the principal amount thereof, plus accrued and unpaid interest and Liquidated Damages, if any, for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book
entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any. The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of
Control Payment Date. 
  
 (e) Notwithstanding anything to the
contrary in this Section 4.15, the Company will not be required to make a Change of Control Offer upon a Change of Control if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the
requirements set forth in this Section 4.15 and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer, or (2) notice of redemption has been given pursuant to Section 3.07 hereof, unless or until (i) there is a
default in payment of the applicable redemption prices or(ii) the Company fails to pay the applicable redemption price on the redemption date (as such redemption date may be extended or delayed, or such redemption may be rescinded, as provided in
Section 3.03 hereof). 
  
 (f) The Transactions shall not
constitute or give rise to a Change of Control. 
  
 Section 4.16 No Layering of Debt. 
  
 The Company
will not Incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is contractually subordinated in right of payment to any Senior Indebtedness of the Company and senior in right of payment to the Notes. No
Subsidiary Guarantor will Incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is contractually subordinated in right of payment to the Senior Indebtedness of such Subsidiary Guarantor and senior in right of
payment to such Subsidiary Guarantor’s Subsidiary Guarantee. No such Indebtedness will be considered (x) subordinated by virtue of being unsecured or being secured on a junior priority basis, or (y) to be senior by virtue of being secured on a
first or senior priority basis. 

 Section 4.17 Limitation on the Sale or Issuance of Preferred Stock of Restricted
Subsidiaries. 
  
 The Company will not permit any Subsidiary
Guarantor to issue any shares of its Preferred Stock except to the Company or a Restricted Subsidiary. 
  
 Section 4.18 Future Subsidiary Guarantors. 
  
 After the Closing Date, the Company will cause each existing and future Domestic Subsidiary of the Company (other than an
Unrestricted Subsidiary) that guarantees payment by the Company of any Indebtedness (other than Immaterial Indebtedness) of the Company to become a Subsidiary Guarantor, and if applicable, execute and deliver to the Trustee a supplemental indenture
in the form set forth in this Indenture pursuant to which such Domestic Subsidiary will, jointly and severally, fully and unconditionally Guarantee on an unsecured senior subordinated basis the Guaranteed Obligations within 10 business days of the
date on which it enters into such guarantee of Indebtedness (other than Immaterial Indebtedness) of the Company; provided that any such future Domestic Subsidiary that constitutes an Immaterial Subsidiary need not become a Subsidiary
Guarantor until such time as it ceases to be an Immaterial Subsidiary. 
  
 ARTICLE 5 
 SUCCESSORS 
  
 Section 5.01 Merger and Consolidation. 
  

The Company will not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets to, any Person, unless:

  
 (1) the resulting, surviving or transferee
Person (the “Successor Company”) will be a Person organized and existing under the laws of the United States of America, any State thereof or the District of Columbia and the Successor Company (if not the Company) will expressly
assume, by a supplemental indenture and registration rights agreement (if applicable), executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all the obligations of the Company under the Notes, this Indenture and the
Registration Rights Agreement (if applicable); 
  
 (2) immediately after giving effect to such transaction (and treating any Indebtedness which becomes an obligation of the Successor Company or any Restricted Subsidiary as a result of such transaction as having been Incurred by the
Successor Company or such Restricted Subsidiary at the time of such transaction), no Default shall have occurred and be continuing; 
  
 (3) immediately after giving effect to such transaction and any related financing transactions on a pro forma basis either (i) the
Successor Company would be able to Incur an additional $1.00 of Indebtedness under paragraph (a) of Section 4.09 hereof or (ii) the Consolidated Coverage Ratio of the Successor Company would be greater than the Consolidated Coverage Ratio of the
Company immediately prior to such transaction; and 
  
 (4) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Indenture.

  
 This Section 5.01 shall not apply to the Transactions.

 Section 5.02 Successor Corporation Substituted. 
  
 Upon any consolidation or merger, or any sale, assignment, transfer, lease,
conveyance or other disposition of all or substantially all of the properties or assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the successor Person formed by such
consolidation or into or with which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation,
merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the successor Person and not to the Company), and may exercise every right and
power of the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein. Notwithstanding Section 5.01 hereof, this Section 5.02 shall apply to the Transactions as if the Transactions are
subject to, and comply with the provisions of, Section 5.01 hereof. 
  
 The Company may merge with or into, or convey, transfer or lease all or substantially all its assets to (x) an Affiliate incorporated solely for the purpose of reincorporating the Company in another jurisdiction or (y) a Restricted
Subsidiary (including a Subsidiary Guarantor) so long as all assets of the Company and the Restricted Subsidiary immediately prior to such transaction are owned by such Restricted Subsidiary and its Restricted Subsidiaries immediately after the
consummation thereof 
  
 ARTICLE 6 
 DEFAULTS AND REMEDIES 
  
 Section 6.01 Default. 
  
 Each of the following is an “Event of Default”: 
  

(1) a default in any payment of interest on any Note when due and payable, whether or not prohibited by Article 10 or Section 11.02
hereof, continued for 30 days; 
  
 (2) a default
in the payment of principal of any Note when due and payable at its Stated Maturity, upon required redemption or repurchase, upon declaration of acceleration or otherwise, whether or not such payment is prohibited by Article 10 or Section 11.02
hereof, continued for 30 days; 
  
 (3) a default
in the observance or performance of any other covenant or agreement contained in this Indenture, which default continues for a period of 30 days after the Company receives written notice specifying the default (and demanding that such default be
remedied) from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes; 
  
 (4) the failure to pay at final stated maturity (giving effect to any applicable grace periods and any extensions thereof) the principal
amount of any Indebtedness of the Company or any Restricted Subsidiary (other than a Receivables Entity) of the Company, or the acceleration of the final stated maturity of any such Indebtedness (which acceleration is not rescinded, annulled or
otherwise cured within 20 days of receipt by the Company or such Restricted Subsidiary of notice of any such acceleration) if the aggregate principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in
default for failure to pay principal at final maturity or which has been accelerated (in each case with respect to which the 20-day period described above has elapsed), aggregates $20.0 million or more at any time; 

 (5) the Company or a Significant Subsidiary pursuant to or within the meaning of
Bankruptcy Law: 
  
 (A) commences a voluntary
case, 
  
 (B) consents to the entry of an order
for relief against it in an involuntary case, 
  
 (C) consents to the appointment of a custodian of it or for all or substantially all of its property, 
  
 (D) makes a general assignment for the benefit of its creditors, or 
  
 (E) generally is not paying its debts as they become due; 
  
 (6) a court of competent jurisdiction enters an order or
decree under any Bankruptcy Law that: 
  
 (A) is
for relief against the Company or a Significant Subsidiary in an involuntary case; 
  
 (B) appoints a custodian of the Company or a Significant Subsidiary or for all or substantially all of the property of the Company or a
Significant Subsidiary; or 
  
 (C) orders the
liquidation of the Company or a Significant Subsidiary; 
  
 and the order or decree remains unstayed and in effect for 60 consecutive days; 
  
 (7) the rendering of any judgment or decree for the payment of money in excess of $20.0 million or its foreign currency equivalent against
the Company or a Significant Subsidiary if: 
  
 (A) an enforcement proceeding thereon is commenced by any creditor, or 
  
 (B) such judgment or decree remains outstanding for a period of 60 days after such judgment becomes final and not appealable and is not
discharged, paid, waived or stayed; or 
  
 (8)
except as permitted by this Indenture, any Subsidiary Guarantee is held in any judicial proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect, or any Subsidiary Guarantor, or any Person acting on behalf of
any Subsidiary Guarantor, denies or disaffirms in writing its obligations under its Subsidiary Guarantee. 
  
 The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is
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. 
  
 However, a default under clause (3) will not constitute an Event of Default until the Trustee notifies the Company or the
Holders of at least 25% in principal amount of the outstanding Notes notify the Company and the Trustee of the default and the Company or the relevant Subsidiary Guarantor, as applicable, does not cure such default within the time specified in
clause (3) hereof after receipt of such notice. 

 Section 6.02 Acceleration. 
  
 If an Event of Default (other than an Event of Default pursuant to Section
6.01(5) or Section 6.01(6)) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes by notice to the Company may declare the principal of and accrued but unpaid interest and Liquidated
Damages, if any, on all the Notes to be due and payable; provided that so long as any Designated Senior Indebtedness is outstanding, such acceleration will not be effective until the earlier of (1) the acceleration of any such Designated
Senior Indebtedness or (2) five business days after receipt by the Company of written notice of such acceleration. Upon such a declaration, such principal and interest and Liquidated Damages, if any, will be due and payable immediately. If an Event
of Default pursuant to Section 6.01(5) or Section 6.01(6) relating to the Company occurs, the principal of and interest and Liquidated Damages, if any, on all the Notes will become immediately due and payable without any declaration or other act on
the part of the Trustee or any Holders. 
  
 The Holders of a
majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee may, on behalf of all of the Holders, rescind an acceleration and its consequences, if the rescission would not conflict with any judgment or
decree and if all existing Events of Default (except nonpayment of principal, interest or premium or Liquidated Damages, if any, that has become due solely because of the acceleration) have been cured or waived. 
  
 Section 6.03 Other Remedies. 
  
 If an Event of Default occurs and is continuing, the Trustee may pursue any
available remedy to collect the payment of principal, premium and Liquidated Damages, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
  
 The Trustee may maintain a proceeding even if it does not possess any of the
Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or
acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 
  
 Section 6.04 Waiver of Past Defaults. 
  
 Holders of not less than a majority in aggregate principal amount of the then outstanding Notes by notice to the Trustee may on behalf of the Holders of
all of the Notes waive an existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default in the payment of the principal of, or interest on, the Notes; provided, however, 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. 
  
 Holders of a majority in aggregate principal amount of the then outstanding
Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that
conflicts with law or this Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder of Notes or that would involve the Trustee in personal liability. 

 Section 6.06 Limitation on Suits. 
  
 A Holder may pursue a remedy with respect to this Indenture or the Notes
only if: 
  
 (1) such Holder gives to the Trustee
written notice that an Event of Default is continuing; 
  
 (2) Holders of at least 25% in aggregate principal amount of the then outstanding Notes make a written request to the Trustee to pursue the remedy; 
  
 (3) such Holder or Holders offer and, if requested, provide to the Trustee security or indemnity reasonably satisfactory to the Trustee
against any loss, liability or expense; 
  
 (4)
the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and 
  
 (5) during such 60-day period, Holders of a majority in aggregate principal amount of the then outstanding Notes do not give the Trustee a
direction inconsistent with such request. 
  
 A Holder of a Note
may not use this Indenture to prejudice the rights of another Holder of a Note or to obtain a preference or priority over another Holder of a Note. 
  
 Section 6.07 Rights of Holders of Notes to Receive Payment. 
  
 Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal,
and interest on the Note, on or after the respective due dates expressed in the Note, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder.

  
 Section 6.08 Collection Suit by
Trustee. 
  
 If an Event of Default specified in Section
6.01(1) or (2) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, premium and Liquidated Damages, if any, and
interest remaining unpaid on, the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel. 
  
 Section 6.09 Trustee May File Proofs of Claim. 
  
 The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Company (or any other obligor upon the Notes), its creditors or its property and shall be
entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the
Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 7.07 hereof 

 
out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any
and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained
shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the
Trustee to vote in respect of the claim of any Holder in any such proceeding. 
  
 Section 6.10 Priorities. 
  
 If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 
  
 First: to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof, including payment of all compensation,
expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
  
 Second: to Holders of Notes for amounts due and unpaid on the Notes for principal, premium and Liquidated Damages, 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 and Liquidated Damages, if any and interest, respectively; and 
  
 Third: to the Company or to such party as a court of
competent jurisdiction shall direct. 
  
 The Trustee may fix a
record date and payment date for any payment to Holders of Notes pursuant to this Section 6.10. 
  
 Section 6.11 Undertaking for Costs. 
  
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder of a Note pursuant to Section
6.07 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes. 
  
 ARTICLE 7 
 TRUSTEE 
  
 Section 7.01 Duties of Trustee. 
  
 (a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in
it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

 (b) Except during the continuance of an Event of Default: 
  
 (1) the duties of the Trustee will be determined solely by
the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee;
and 
  
 (2) in the absence of bad faith on its
part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However,
the Trustee will examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 
  
 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except
that: 
  
 (1) this paragraph does not limit the
effect of paragraph (b) of this Section 7.01; 
  
 (2) the Trustee will not be liable for any error of judgment made in good faith by a Trust Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
  
 (3) the Trustee will not be liable with respect to any
action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 
  
 (d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a),
(b), and (c) of this Section 7.01. 
  
 (e) No provision of this
Indenture will require the Trustee to expend or risk its own funds or incur any liability. The Trustee will be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder has
offered to the Trustee security and indemnity satisfactory to it against any loss, liability or expense. 
  
 (f) The Trustee will not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in
trust by the Trustee need not be segregated from other funds except to the extent required by law. 
  
 Section 7.02 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. 
  
 (b) Before the Trustee acts or refrains from acting, it (unless other evidence be herein specifically prescribed) may require an Officer’s Certificate. The Trustee will not be liable for any action it takes or omits to take in good
faith in reliance on such Officer’s Certificate. The Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any
action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 
  
 (c) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence of any agent appointed with due care. 

 (d) The Trustee will not be liable for any action it takes or omits to take in good faith that it
believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
  
 (e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Officer of the Company. 
  
 (f) The Trustee will be under no obligation to exercise any of the rights or
powers vested in it by this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee reasonable indemnity or security against the losses, liabilities and expenses that might be incurred by it in
compliance with such request or direction. 
  
 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 Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the
event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same
with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 
  
 Section 7.04 Trustee’s Disclaimer. 
  

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be
accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it will not be responsible for the use or application of any money
received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture other
than its certificate of authentication. 
  
 Section 7.05 Notice of Defaults. 
  
 If a Default
occurs and is continuing and is known to the Trustee, the Trustee must mail to each Holder notice of the Default within the earlier of 90 days after it occurs or 30 days after it is known to a Trust Officer or written notice of it is received by the
Trustee. Except in the case of a Default in the payment of principal of, interest or premium or Liquidated Damages, if any, on any Note (including payments pursuant to the redemption provisions of such Note), the Trustee may withhold notice if and
so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of the Holders. 
  
 Section 7.06 Reports by Trustee to Holders of the Notes. 
  
 (a) Within 60 days after each May 15 beginning with the May 15 following the date of this Indenture, and for so long as
Notes remain outstanding, the Trustee will mail to the Holders of the Notes a brief report dated as of such reporting date that complies with TIA § 313(a) (but if no event described in TIA § 313(a) has occurred within the twelve months
preceding the reporting date, no report need be transmitted). The Trustee also will comply with TIA § 313(b)(2). The Trustee will also transmit by mail all reports as required by TIA § 313(c). 
  
 (b) A copy of each report at the time of its mailing to the Holders of Notes
will be mailed by the Trustee to the Company and filed by the Trustee with the SEC and each stock exchange on which the Notes are listed in accordance with TIA § 313(d). The Company will promptly notify the Trustee when the Notes are listed on
any stock exchange. 

 Section 7.07 Compensation and Indemnity. 
  
 (a) The Company will pay to the Trustee from time to time reasonable
compensation for its acceptance of this Indenture and services hereunder. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee promptly upon request
for all reasonable disbursements, advances and expenses incurred or made by it in accordance with any provision of this Indenture, except any such disbursement, advance or expense as may be attributable to its negligence or bad faith. Such expenses
will include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 
  
 (b) The Company and the Subsidiary Guarantors will indemnify the Trustee against any and all losses, liabilities or expenses incurred by it arising out of
or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company and the Subsidiary Guarantors (including this Section 7.07) and defending
itself against any claim (whether asserted by the Company, the Subsidiary Guarantors, any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such
loss, liability or expense may be attributable to its negligence or bad faith. The Trustee will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company will not relieve the Company or
any of the Subsidiary Guarantors of their obligations hereunder. The Company or such Subsidiary Guarantor will defend the claim and the Trustee will cooperate in the defense. The Trustee may have separate counsel and the Company will pay the
reasonable fees and expenses of such counsel. Neither the Company nor any Subsidiary Guarantor need pay for any settlement made without its consent. 
  
 (c) The obligations of the Company and the Subsidiary Guarantors under this Section 7.07 will survive the satisfaction and discharge of this Indenture.

  
 (d) To secure the Company’s and the Subsidiary
Guarantors’ payment obligations in this Section 7.07, the Trustee will have a claim prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Notes. Such
claim will survive the satisfaction and discharge of this Indenture. 
  
 (e) When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(5) or (6) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and
counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 
  
 (f) The Trustee will comply with the provisions of TIA § 313(b)(2) to the extent applicable. 
  
 Section 7.08 Replacement of Trustee. 
  
 (a) A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor Trustee’s acceptance
of appointment as provided in this Section 7.08. 
  
 (b) The
Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the
Trustee and the Company in writing. The Company may remove the Trustee if: 
  
 (1) the Trustee fails to comply with Section 7.10 hereof; 

 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered
with respect to the Trustee under any Bankruptcy Law; 
  
 (3) a custodian or public officer takes charge of the Trustee or its property; or 
  
 (4) the Trustee becomes incapable of acting. 
  
 (c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company will promptly appoint a successor
Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

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

  
 (f) A successor Trustee will deliver a written acceptance of
its appointment to the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this
Indenture. The successor Trustee will mail a notice of its succession to Holders. The retiring Trustee will promptly transfer all property held by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have
been paid and subject to the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof will continue for the benefit of the retiring
Trustee. 
  
 Section 7.09 Successor Trustee by
Merger, etc. 
  
 If the Trustee consolidates, merges or
converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the successor corporation without any further act will be the successor Trustee. 
  
 Section 7.10 Eligibility; Disqualification.

  
 There will at all times be a Trustee hereunder that is a
corporation organized and doing business under the laws of the United States of America or of any state thereof 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 $50.0 million as set forth in its most recent published annual report of condition. 
  
 This Indenture will always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee is subject to TIA §
310(b). 

 Section 7.11 Preferential Collection of Claims Against Company. 
  
 The Trustee is subject to TIA § 311(a), excluding any creditor
relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
  
 ARTICLE 8 
 LEGAL DEFEASANCE AND COVENANT
DEFEASANCE 
  
 Section 8.01 Option to Effect
Legal Defeasance or Covenant Defeasance. 
  
 The Company may
at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officer’s Certificate, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes and Subsidiary Guarantees upon compliance
with the conditions set forth below in this Article 8. 
  
 Section 8.02 Legal Defeasance and Discharge. 
  
 Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company and each of the Subsidiary Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04
hereof, be deemed to have been discharged from their obligations with respect to all outstanding Notes (including the Subsidiary Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”).
For this purpose, Legal Defeasance means that the Company and the Subsidiary Guarantors will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes (including the Subsidiary Guarantees), which will
thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all their other obligations under such Notes,
the Subsidiary Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which will survive until otherwise
terminated or discharged hereunder: 
  
 (1) the
rights of Holders of outstanding Notes to receive payments in respect of the principal of, or interest or premium or Liquidated Damages, if any, on, such Notes when such payments are due from the trust referred to in Section 8.04 hereof; 

 
 (2) the Company’s obligations with respect to such
Notes under Article 2 and Section 4.02 hereof; 
  
 (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s and the Subsidiary Guarantors’ obligations in connection therewith; and 
  
 (4) this Article 8. 
  
 Subject to compliance with this Article 8, the Company may exercise its
option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof. 
  
 Section 8.03 Covenant Defeasance. 
  
 Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Company and each of the Subsidiary
Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations under the covenants contained in Sections 4.03, 4.04, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.15, 4.16,
4.17 and 4.18 hereof and clauses (2) and (3) of Section 5.01 hereof and clause (1) of Section 11.05 hereof with respect to the 

 outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter,
“Covenant Defeasance”), and the Notes will 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 will continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes will not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that,
with respect to the outstanding Notes and Subsidiary Guarantees, the Company and the Subsidiary Guarantors may omit to comply with and will have no liability in respect of any term, condition or limitation set forth in any such covenant, whether
directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply will not constitute a
Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes and Subsidiary Guarantees will be unaffected thereby. In addition, upon the Company’s exercise under
Section 8.01 hereof of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Section 6.01(3) and 6.01(4) hereof will not constitute Events of Default. 
  
 Section 8.04 Conditions to Legal or Covenant
Defeasance. 
  
 In order to exercise either Legal Defeasance
or Covenant Defeasance under either Section 8.02 or 8.03 hereof: 
  
 (1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in U.S. dollars, non-callable U.S. Government Obligations, or a combination thereof, in such amounts as will be
sufficient, in the opinion of a nationally recognized investment bank, appraisal firm, or firm of independent public accountants, to pay the principal of, premium and Liquidated Damages, if any, and interest on, the outstanding Notes on the stated
date for payment thereof or on the applicable redemption date, as the case may be, and the Company must specify whether the Notes are being defeased to such stated date for payment or to a particular redemption date; 
  
 (2) in the case of an election under Section 8.02 hereof,
the Company must deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that: 
  
 (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 
  
 (B) since the date of this Indenture, there has been a
change in the applicable federal income tax law, 
  
 in either
case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be
subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
  
 (3) in the case of an election under Section 8.03 hereof, the Company must deliver to the Trustee an Opinion
of Counsel reasonably acceptable to the Trustee confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal
income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

 (4) no Default or Event of Default shall have occurred and is continuing on the date of
such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 
  
 (5) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under, any material
agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
  
 (6) the Company must deliver to the Trustee an Officer’s Certificate stating that the deposit was not
made by the Company with the intent of preferring the Holders of Notes over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding any creditors of the Company or others; and 
  
 (7) the Company must deliver to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
  
 Notwithstanding the foregoing, the Opinion of Counsel required by clause (2) above with respect to a Legal Defeasance need
not to be delivered if all Notes not therefore delivered to the Trustee for cancellation (1) have become due and payable or (2) will become due and payable on the maturity date within one year, or are to be called for redemption within one year,
under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company. 
  

Section 8.05 Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. 

 
 Subject to Section 8.06 hereof, all money and non-callable U.S.
Government Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the
outstanding Notes will be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the
Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium and Liquidated Damages, if any, and interest, but such money need not be segregated from other funds except to the extent
required by law. 
  
 The Company will pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable U.S. Government Obligations deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such
tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes. 
  
 Notwithstanding anything in this Article 8 to the contrary, the Trustee will deliver or pay to the Company from time to time upon the request of the
Company any money or non-callable U.S. Government Obligations held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee (which may be the opinion delivered under Section 8.04(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

 Section 8.06 Repayment to Company. 
  
 Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of, premium or Liquidated Damages, if any, or interest on, any Note and remaining unclaimed for two years after such principal, premium or Liquidated Damages, if any, or interest has become due
and payable shall be paid to the Company on its request or (if then held by the Company) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Company for payment thereof, and all liability
of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less
than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
  
 Section 8.07 Reinstatement. 
  
 If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable U.S. Government Obligations in accordance with Section 8.02 or 8.03
hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s and the Subsidiary Guarantors’ obligations under
this Indenture and the Notes and the Subsidiary Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money
in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium or Liquidated Damages, if any, or interest on, any Note following the reinstatement of its
obligations, the Company will be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 
  
 ARTICLE 9 
 AMENDMENT, SUPPLEMENT AND WAIVER 
  
 Section 9.01 Without Consent of Holders of Notes. 
  
 Notwithstanding Section 9.02 of this Indenture, without the consent of any Holder, the Company, the Subsidiary Guarantors and the Trustee may amend or supplement this Indenture, the Notes or the Subsidiary Guarantees, to: 
  
 (1) cure any ambiguity, omission, defect or inconsistency,

  
 (2) provide for the assumption by a successor
of the Company’s or a Subsidiary Guarantor’s obligations to the Holders of the Notes and Subsidiary Guarantees in the case of a merger or consolidation or sale, conveyance, transfer or lease of all or substantially all of the
Company’s or such Subsidiary Guarantor’s assets, as applicable, 
  
 (3) provide for uncertificated Notes in addition to or in place of certificated Notes (provided, however, that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the
Code, or in a manner such that the uncertificated Notes are described in Section 163(f)(2)(B) of the Code), 
  
 (4) make any change in the subordination provisions of this Indenture that would limit or terminate the benefits available to any holder
of Senior Indebtedness of the Company or a Subsidiary Guarantor (or any Representative thereof) under such subordination provisions, 

 (5) add additional Guarantees with respect to the Notes, 
  
 (6) secure the Notes, 
  
 (7) add to the covenants of the Company for the benefit of
the Holders or to surrender any right or power conferred upon the Company, 
  
 (8) make any change that does not adversely affect the rights of any Holder, subject to the provisions of this Indenture, 
  
 (9) conform the text of this Indenture, the Subsidiary Guarantees or the Notes to any provision of the “Description of Notes”
section of the offering memorandum relating to the initial issuance of the Notes to the extent that such provision in that “Description of Notes” section was intended to be a verbatim recitation of a provision of this Indenture, the
Subsidiary Guarantees or the Notes, 
  
 (10)
provide for the issuance of the Exchange Notes or Additional Notes, or 
  
 (11) comply with any requirement of the SEC in connection with the qualification of this Indenture under the TIA. 
  
 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or supplemental
indenture, and upon receipt by the Trustee of the documents described in Section 13.04 hereof, the Trustee will join with the Company and the Subsidiary 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 will not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties
or immunities under this Indenture or otherwise. 
  
 Notwithstanding the foregoing provisions of this Section 9.01 and Section 9.02, the Company, Del Laboratories, Inc., a Delaware corporation, the Subsidiary Guarantors party thereto and the Trustee may execute and deliver the Merger
Supplemental Indenture, in each case without notice to or consent of any Holder. 
  
 Section 9.02 With Consent of Holders of Notes. 
  
 Except as provided below in this Section 9.02, the Company and the Trustee may amend or supplement this Indenture
(including, without limitation, Sections 4.10 and 4.15 hereof) and the Notes and the Subsidiary Guarantees with the written consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding (including, without
limitation, Additional Notes, if any) voting as a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes), and, subject to Sections 6.04 and 6.07 hereof, any
existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, 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 or the Notes or the Subsidiary Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding (including, without limitation, Additional Notes, if any)
voting as a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes). In addition, one or more of the Subsidiary Guarantees may be released with
the consent of the Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes). Section 2.08 hereof
shall determine which Notes are considered to be “outstanding” for purposes of this Section 9.02. 

 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the
execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence reasonably satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee of the documents
described in Section 13.04 hereof, the Trustee will join with the Company and the Subsidiary 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 will not be obligated to, enter into such amended or supplemental Indenture. 
  
 It is not be necessary for the consent of the Holders of Notes under this
Section 9.02 to approve the particular form of any proposed amendment, supplement or waiver, but it is sufficient if such consent approves the substance thereof. 
  
 After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Company will mail to the Holders of
Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended or
supplemental indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a majority in aggregate principal amount of the Notes then outstanding voting as a single class may waive compliance in a particular instance by the Company
with any provision of this Indenture or the Notes or the Subsidiary Guarantees. However, without the consent of each Holder of an outstanding Note affected, no amendment, supplement or waiver under this Section 9.02 may (with respect to any Notes
held by a non-consenting Holder): 
  
 (1) reduce
the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver; 
  
 (2) reduce the rate of or extend the time for payment of interest, including default interest, on any Note; 
  
 (3) reduce the principal of or change the Stated Maturity of
any Note; 
  
 (4) reduce the premium payable upon
the redemption of any Note or change the date at which any Note may be redeemed under Section 3.07; 
  
 (5) make any Note payable in money other than that stated in the Note; 
  
 (6) make any change in the provisions of this Indenture governing the right of any Holder to receive payment
of principal of, and interest on, such Holder’s Notes on or after the due dates therefor (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a
waiver of the payment default that resulted from such acceleration) or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes; 
  
 (7) release any Subsidiary Guarantor from any of its obligations under its Subsidiary Guarantee or this
Indenture, except in accordance with the terms of this Indenture; or 
  
 (8) make any change in the amendment and waiver provisions which require each Holder’s consent. 

 In addition, any amendment to or waiver of, Article 10 or Section 11.02 hereof that adversely affects the
rights of the Holders of the Notes will require the consent of the Holders of at least 75% in aggregate principal amount of Notes then outstanding. No amendment may be made to the subordination provisions of this Indenture that adversely affects the
rights of any holder of Senior Indebtedness of the Company or a Subsidiary Guarantor then outstanding (which Senior Indebtedness has been previously designated in writing by the Company to the Trustee for this purpose) unless the holders of such
Senior Indebtedness (or any group or Representative thereof authorized to give a consent) consent to such change. 
  
 Section 9.03 Compliance with Trust Indenture Act. 
  
 Every amendment or supplement to this Indenture or the Notes will be set forth in a amended or supplemental indenture that
complies with the TIA as then in effect. 
  
 Section 9.04 Revocation and Effect of Consents. 
  
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder 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. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation
before the date on which the Trustee receives an Officer’s Certificate certifying that the Holders of the requisite principal amount of Notes have consented (and not thereafter revoked such consent) to the amendment, supplement or waiver. An
amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 
  
 Section 9.05 Notation on or Exchange of Notes. 
  
 The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated.
The Company in exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or waiver. 
  
 Failure to make the appropriate notation or issue a new Note will not affect the validity and effect of such amendment,
supplement or waiver. 
  
 Section 9.06 Trustee
to Sign Amendments, etc. 
  
 The Trustee will sign any
amended or supplemental indenture 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 Company may not sign an amended or supplemental
indenture until the Board of Directors of the Company approves it. In executing any amended or supplemental indenture, the Trustee will be entitled to receive and (subject to Section 7.01 hereof) will be fully protected in relying upon, in addition
to the documents required by Section 13.04 hereof, an Officer’s Certificate and (except in the case of the execution by the Trustee of the Merger Supplemental Indenture) an Opinion of Counsel stating that the execution of such amended or
supplemental indenture is authorized or permitted by this Indenture. 

 ARTICLE 10 
 SUBORDINATION 
  
 Section 10.01 Agreement to Subordinate. 
  
 The
Company agrees, and each Holder by accepting a Note agrees, that the Indebtedness evidenced by the Notes is subordinated in right of payment, to the extent and in the manner provided in this Article 10, to the prior payment in full of all Senior
Indebtedness of the Company (whether outstanding on the date hereof or hereafter created, incurred, assumed or guaranteed), and that the subordination is for the benefit of the holders of Senior Indebtedness of the Company. 
  
 Section 10.02 Liquidation; Dissolution; Bankruptcy.

  
 Upon any distribution to creditors of the Company in a
liquidation or dissolution of the Company, or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property, in an assignment for the benefit of creditors or any marshaling of the
Company’s assets and liabilities: 
  
 (1)
the holders of Senior Indebtedness of the Company will be entitled to receive payment in full of all obligations due in respect of Senior Indebtedness of the Company (including interest after the commencement of any bankruptcy proceeding at the rate
specified in the applicable Senior Indebtedness) before the Holders of Notes will be entitled to receive any payment with respect to the Notes (except that Holders of Notes may receive and retain Permitted Junior Securities and payments made from
any defeasance trust created pursuant to Section 8.01 hereof and any trust created under Section 12.01 hereof); and 
  
 (2) until all Obligations with respect to Senior Indebtedness of the Company (as provided in clause (1) above) are paid in full, any
distribution to which Holders would be entitled but for this Article 10 will be made to holders of Senior Indebtedness of the Company (except that Holders of Notes may receive and retain Permitted Junior Securities and payments made from any
defeasance trust created pursuant to Section 8.01 hereof and any trust created under Section 12.01 hereof). 
  
 Section 10.03 Default on Designated Senior Indebtedness. 
  
 (a) The Company may not make any payment or distribution (except in Permitted Junior Securities and payments made from any
defeasance trust created pursuant to Section 8.01 hereof and any trust created under Section 12.01 hereof) to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes
for cash or property (other than Permitted Junior Securities and payments made from any defeasance trust created pursuant to Section 8.01 hereof and in any trust created under Section 12.01 hereof) until all principal and other Obligations with
respect to the Senior Indebtedness have been paid in full if: 
  
 (1) A payment default on Designated Senior Indebtedness of the Company occurs and is continuing; or 
  
 (2) any other default occurs and is continuing on any series of Designated Senior Indebtedness of the Company that permits holders of that
series of Designated Senior Indebtedness of the Company to accelerate its maturity and the Trustee receives a notice of such default (a “Payment Blockage Notice”) from the Company or the holders of any Designated Senior Indebtedness
of the Company. If the Trustee receives any such Payment Blockage Notice, no subsequent Payment Blockage Notice will be effective for purposes of this Section 10.03 unless and until at least 360 days have elapsed since the delivery of the
immediately prior Payment Blockage Notice. However, if any Payment Blockage Notice within such 360-day 

 period is given by or on behalf of any holders of Designated Senior Indebtedness of the Company other
than Indebtedness of the Company under the Credit Agreement, the Representative of the Indebtedness of the Company under the Credit Agreement may give another Payment Blockage Notice within such period. 
  
 No nonpayment default that existed or was continuing on the date of delivery
of any Payment Blockage Notice to the Trustee will be, or may be made, the basis for a subsequent Payment Blockage Notice unless such default or event of default has been cured or waived for a period of not less than 90 consecutive days. 

 
 (b) The Company may and will resume payments on the Notes and may acquire
them upon the earlier of: 
  
 (1) in the case of
a payment default, upon the date on which such default is cured or waived, or 
  
 (2) in the case of a nonpayment default, upon the earlier of the date on which such nonpayment default is cured or waived, the applicable payment blockage is waived or withdrawn in writing by the Person who gave the
related Payment Blockage Notice, or 179 days after the date on which the applicable Payment Blockage Notice is received, unless the maturity of any Designated Senior Indebtedness of the Company has been accelerated, provided, however, that
the Company may pay the Notes without regard to the foregoing if the Company and the Trustee receive written notice approving such payment from the Representative of the Designated Senior Indebtedness of the Company with respect to which either of
the events set forth in clause (1) above or this clause (2) has occurred and is continuing. 
  
 Section 10.04 Acceleration of Notes. 
  
 If payment of the Notes is accelerated because of an Event of Default, the Company will promptly notify holders of Senior Indebtedness of the
acceleration. 
  
 Section 10.05 When
Distribution Must Be Paid Over. 
  
 In the event that the
Trustee or any Holder receives any payment of any Obligations with respect to the Notes (other than Permitted Junior Securities and payments made from any defeasance trust created pursuant to Section 8.01 hereof and any trust created under Section
12.01 hereof) at a time when such payment is prohibited by Section 10.03 hereof, such payment will be held by the Trustee (provided that the Trustee has actual knowledge that such payment is so prohibited) or such Holder, as the case may be, in
trust for the benefit of, and will be paid forthwith over and delivered, upon written request, to, the holders of Senior Indebtedness of the Company as their interests may appear or their Representative under the agreement, indenture or other
document (if any) pursuant to which Senior Indebtedness of the Company may have been issued, for application to the payment of all Obligations with respect to Senior Indebtedness of the Company remaining unpaid to the extent necessary to pay such
Obligations in full in accordance with their terms, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness of the Company. 
  
 With respect to the holders of Senior Indebtedness of the Company, the Trustee undertakes to perform only those obligations
on the part of the Trustee as are specifically set forth in this Article 10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness of the Company will be read into this Indenture against the Trustee. The Trustee
will not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of the Company, and will not be liable to any such holders if 

 the Trustee pays over or distributes to or on behalf of Holders or the Company or any other Person money or assets to
which any holders of Senior Indebtedness of the Company are then entitled by virtue of this Article 10, except if such payment is made as a result of the willful misconduct or gross negligence of the Trustee. 
  
 Section 10.06 Notice by Company. 
  
 The Company will promptly notify the Trustee and the Paying Agent of any
facts known to the Company that would cause a payment of any Obligations with respect to the Notes to violate this Article 10, but failure to give such notice will not affect the subordination of the Notes to the Senior Indebtedness of the Company
as provided in this Article 10. 
  
 Section 10.07
Subrogation. 
  
 After all Senior Indebtedness of the
Company is paid in full and until the Notes are paid in full, Holders of Notes will be subrogated (equally and ratably with all other Indebtedness pari passu with the Notes) to the rights of holders of Senior Indebtedness of the Company to
receive distributions applicable to Senior Indebtedness of the Company to the extent that distributions otherwise payable to the Holders of Notes have been applied to the payment of Senior Indebtedness of the Company. A distribution made under this
Article 10 to holders of Senior Indebtedness of the Company that otherwise would have been made to Holders of Notes is not, as between the Company and Holders, a payment by the Company on the Notes. 
  
 Section 10.08 Relative Rights. 
  
 This Article 10 defines the relative rights of Holders of Notes and holders
of Senior Indebtedness of the Company. Nothing in this Indenture will: 
  
 (1) impair, as between the Company and Holders of Notes, the obligation of the Company, which is absolute and unconditional, to pay principal of, premium and interest and Liquidated Damages, if any, on, the Notes in
accordance with their terms; 
  
 (2) affect the
relative rights of Holders of Notes and creditors of the Company other than their rights in relation to holders of Senior Indebtedness of the Company; or 
  
 (3) prevent the Trustee or any Holder of Notes from exercising its available remedies upon a Default or Event of Default, subject to the
rights of holders and owners of Senior Indebtedness to receive distributions and payments otherwise payable to Holders of Notes. 
  
 If the Company fails because of this Article 10 to pay principal of, premium or interest or Liquidated Damages, if any, on, a Note on the due date, the
failure is still a Default or Event of Default. 
  
 Section 10.09 Subordination May Not Be Impaired by Company. 
  
 No right of any holder of Senior Indebtedness of the Company to enforce the subordination of the Indebtedness evidenced by the Notes may be impaired by any act or failure to act by the Company or any Holder or by the
failure of the Company or any Holder to comply with this Indenture. 

 Section 10.10 Distribution or Notice to Representative. 
  
 Whenever a distribution is to be made or a notice given to holders of Senior
Indebtedness of the Company, the distribution may be made and the notice given to their Representative. 
  
 Upon any payment or distribution of assets of the Company referred to in this Article 10, the Trustee and the Holders of Notes will be entitled to rely
upon any order or decree made by any court of competent jurisdiction or upon any certificate of such Representative or of the liquidating trustee or agent or other Person making any distribution to the Trustee or to the Holders of Notes for the
purpose of ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other Indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon
and all other facts pertinent thereto or to this Article 10. 
  
 Section 10.11 Rights of Trustee and Paying Agent. 
  
 Notwithstanding the provisions of this Article 10 or any other provision of this Indenture, the Trustee will not be charged with knowledge of the existence of any facts that would prohibit the making of any payment or
distribution by the Trustee, and the Trustee and the Paying Agent may continue to make payments on the Notes, unless the Trustee has received at its Corporate Trust Office at least five Business Days prior to the date of such payment written notice
of facts that would cause the payment of any Obligations with respect to the Notes to violate this Article 10. Only the Company or a Representative may give the notice. Nothing in this Article 10 will impair the claims of, or payments to, the
Trustee under or pursuant to Section 7.07 hereof. 
  
 The Trustee
in its individual or any other capacity may hold Senior Indebtedness of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. 
  
 Section 10.12 Authorization to Effect Subordination. 
  
 Each Holder of Notes, by the Holder’s acceptance thereof, authorizes
and directs the Trustee on such Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 10, and appoints the Trustee to act as such Holder’s attorney-in-fact for
any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 6.09 hereof at least 30 days before the expiration of the time to file such claim, the
Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Notes. 
  
 ARTICLE 11 
 SUBSIDIARY GUARANTEES 
  
 Section 11.01 Guarantee. 
  
 (a) Subject to this Article 11, each of the Subsidiary Guarantors hereby, as
primary obligor and not merely as surety, jointly and severally, fully and unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity
and enforceability of this Indenture, the Notes or the obligations of the Company hereunder or thereunder, that: 
  
 (1) the principal of, premium and Liquidated Damages, if any, and interest on, the Notes will be promptly paid in full when due, whether
at Stated 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 monetary obligations of the Company to the Holders or the Trustee hereunder whether
for payment of principal of or interest on the Notes, expenses, indemnification or otherwise, or thereunder will be punctually paid in full, all in accordance with the terms hereof and thereof; and 

 (2) in case of any extension of time of payment or renewal of any Notes or any of such
other obligations, that same will be punctually paid in full when due in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
  
 Failing payment when due of any amount so guaranteed for whatever reason, the Subsidiary Guarantors will be jointly and
severally obligated to pay the same immediately. Each Subsidiary Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
  
 Each Subsidiary Guarantor, pursuant to its Subsidiary Guarantee, also hereby agrees to pay any and all reasonable out-of-pocket expenses (including
reasonable counsel fees and expenses) incurred by the Trustee or the Holders in enforcing any rights under its Subsidiary Guarantee. 
  
 (b) The Subsidiary Guarantors hereby agree that (to the fullest extent permitted by law) their obligations hereunder are unconditional, irrespective of
the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment
against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Subsidiary Guarantor hereby waives (to the fullest extent permitted by law)
diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant
(except as otherwise provided in Section 11.06 hereof) that this Subsidiary Guarantee will not be discharged except by complete performance of the monetary obligations contained in the Notes and this Indenture. 
  
 (c) If any Holder or the Trustee is required by any court or otherwise to
return to the Company, the Subsidiary Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Subsidiary Guarantors, any amount paid by either to the Trustee or such Holder, this
Subsidiary Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect. 
  
 (d) Each Subsidiary Guarantor agrees that it will 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 Subsidiary Guarantor further agrees (to the fullest extent permitted by law) that, as between the Subsidiary 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 hereof for the purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing
such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations (whether or not due and payable) will forthwith become
due and payable by the Subsidiary Guarantors for the purpose of this Subsidiary Guarantee. The Subsidiary Guarantors will have the right to seek contribution from the Company any non-paying Subsidiary Guarantor so long as the exercise of such right
does not impair the rights of the Holders under the Subsidiary Guarantee. 

 Section 11.02 Subordination of the Subsidiary Guarantees 
  
 (a) Agreement to Subordinate. 
  
 Each Subsidiary Guarantor agrees, and each Holder by accepting a Note
agrees, that the Indebtedness evidenced by the Subsidiary Guarantees is subordinated in right of payment, to the extent and in the manner provided in this Section 11.02, to the prior payment in full of all Senior Indebtedness of such Subsidiary
Guarantor (whether outstanding on the date hereof or hereafter created, incurred, assumed or guaranteed), and that the subordination is for the benefit of the holders of Senior Indebtedness of such Subsidiary Guarantor. 
  
 (b) Liquidation; Dissolution; Bankruptcy. 
  
 Upon any distribution to creditors of a Subsidiary Guarantor in a
liquidation or dissolution of such Subsidiary Guarantor, or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to such Subsidiary Guarantor or its property, in an assignment for the benefit of creditors or any
marshaling of such Subsidiary Guarantor’s assets and liabilities: 
  
 (1) the holders of Senior Indebtedness of such Subsidiary Guarantor will be entitled to receive payment in full of all obligations due in respect of Senior Indebtedness of such Subsidiary Guarantor (including interest
after the commencement of any bankruptcy proceeding at the rate specified in the applicable Senior Indebtedness) before the Holders of Notes will be entitled to receive any payment with respect to the Subsidiary Guarantee of such Subsidiary
Guarantor (except that Holders of Notes may receive and retain Permitted Junior Securities and payments made from any defeasance trust created pursuant to Section 8.01 hereof and any trust created under Section 12.01 hereof); and 
  
 (2) until all Obligations with respect to Senior
Indebtedness of such Subsidiary Guarantor (as provided in clause (1) above) are paid in full, any distribution to which Holders would be entitled but for this Section 11.02 will be made to holders of Senior Indebtedness of such Subsidiary Guarantor
(except that Holders of Notes may receive and retain Permitted Junior Securities and payments made from any defeasance trust created pursuant to Section 8.01 hereof and any trust created under Section 12.01 hereof). 
  
 (c) Default on Designated Senior Indebtedness. 
  
 (1) A Subsidiary Guarantor may not make any payment or
distribution (except in Permitted Junior Securities and payments made from any defeasance trust created pursuant to Section 8.01 hereof and any trust created under Section 12.01 hereof) to the Trustee or any Holder in respect of Obligations with
respect to the Subsidiary Guarantee of such Subsidiary Guarantor and may not acquire from the Trustee or any Holder any Notes for cash or property (other than Permitted Junior Securities and payments made from any defeasance trust created pursuant
to Section 8.01 hereof and any trust created under Section 12.01 hereof) until all principal and other Obligations with respect to the Senior Indebtedness of such Subsidiary Guarantor have been paid in full if: 
  
 (a) a payment default on Designated Senior Indebtedness of
such Subsidiary Guarantor occurs and is continuing; or 
  
 (b) any other default occurs and is continuing on any series of Designated Senior Indebtedness of such Subsidiary Guarantor that permits holders of that series of Designated Senior Indebtedness of such Subsidiary Guarantor to accelerate its
maturity and the Trustee receives a notice of such default (a “Guarantee Blockage Notice”) from such Subsidiary Guarantor or the holders of any Designated Senior Indebtedness of such Subsidiary Guarantor. If the Trustee receives any
such Guarantee Blockage Notice, no subsequent Guarantee Blockage 

 Notice will be effective for purposes of this Section 11.02(c) unless and until at least 360 days have
elapsed since the delivery of the immediately prior Guarantee Blockage Notice. However, if any Guarantee Blockage Notice within such 360-day period is given by or on behalf of any holders of Designated Senior Indebtedness of such Subsidiary
Guarantor other than Indebtedness under the Credit Agreement, the Representative of the Indebtedness under the Credit Agreement may give another Guarantee Blockage Notice within such period. 
  
 No nonpayment default that existed or was continuing on the date of delivery
of any Guarantee Blockage Notice to the Trustee will be, or be made, the basis for a subsequent Guarantee Blockage Notice unless such default or event of default has been cured or waived for a period of not less than 90 consecutive days. 

 
 (2) A Subsidiary Guarantor may and will resume payments
on and distributions in respect of the Subsidiary Guarantee of such Subsidiary Guarantor and may acquire them upon the earlier of: 
  
 (a) in the case of a payment default, upon the date on which such default is cured or waived, or 
  
 (b) in the case of a nonpayment default, upon the earlier of
the date on which such nonpayment default is cured or waived, the applicable payment blockage is waived or withdrawn in writing by the Person who gave the related Guarantee Blockage Notice, or 179 days after the date on which the applicable
Guarantee Blockage Notice is received, unless the maturity of any Designated Senior Indebtedness of such Subsidiary Guarantor has been accelerated, provided, however, that such Subsidiary Guarantor may make payments in respect of the
Subsidiary Guarantee of such Subsidiary Guarantor without regard to the foregoing if such Subsidiary Guarantor and the Trustee receive written notice approving such payment from the Representative of the Designated Senior Indebtedness of such
Subsidiary Guarantor with respect to which either of the events set forth in clause (a) above or this clause (b) has occurred and is continuing. 
  
 (d) Acceleration of Notes. 
  
 If payment of the Notes is accelerated because of an Event of Default and a demand for payment is made on a Subsidiary Guarantor pursuant to this Article
11, such Subsidiary Guarantor will promptly notify holders of Senior Indebtedness of such Subsidiary Guarantor of the acceleration. So long as any Designated Senior Indebtedness of such Subsidiary Guarantor is outstanding, such acceleration will not
be effective until the earlier of (1) the acceleration of any such Designated Senior Indebtedness or (2) five business days after receipt by such Subsidiary Guarantor of written notice of such acceleration. 
  
 (e) When Distribution Must Be Paid Over. 
  
 In the event that the Trustee or any Holder receives any payment of any
Obligations with respect to the Subsidiary Guarantee of a Subsidiary Guarantor (other than Permitted Junior Securities and payments made from any defeasance trust created pursuant to Section 8.01 hereof and any trust created under Section 12.01
hereof) at a time when such payment is prohibited by Section 11.02(c) hereof, such payment will be held by the Trustee (provided that the Trustee has actual knowledge that such payment is so prohibited) or such Holder, as the case may be, in trust
for the benefit of, and will be paid forthwith over and delivered, upon written request, to the holders of Senior Indebtedness of such Subsidiary Guarantor as their interests may appear or their Representative under the agreement, indenture or other
document (if any) pursuant to which Senior Indebtedness of such Subsidiary Guarantor may have been 

 issued, for application to the payment of all Obligations with respect to Senior Indebtedness of such Subsidiary
Guarantor remaining unpaid to the extent necessary to pay such Obligations in full in accordance with their terms, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness of such Subsidiary
Guarantor. 
  
 With respect to the holders of Senior Indebtedness
of such Subsidiary Guarantor, the Trustee undertakes to perform only those obligations on the part of the Trustee as are specifically set forth in this Article 11, and no implied covenants or obligations with respect to the holders of Senior
Indebtedness will be read into this Indenture against the Trustee. The Trustee will not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of such Subsidiary Guarantor, and will not be liable to any such holders if the Trustee
pays over or distributes to or on behalf of Holders or a Subsidiary Guarantor or any other Person money or assets to which any holders of Senior Indebtedness of such Subsidiary Guarantor are then entitled by virtue of this Section 11.02, except if
such payment is made as a result of the willful misconduct or gross negligence of the Trustee. 
  
 (f) Notice by Company. 
  
 Each Subsidiary Guarantor will promptly notify the Trustee and the Paying Agent of any facts known to such Subsidiary Guarantor that would cause a payment of any Obligations with respect to the Subsidiary Guarantee of such Subsidiary
Guarantor to violate this Section 11.02, but failure to give such notice will not affect the subordination of the Subsidiary Guarantee of such Subsidiary Guarantor to the Senior Indebtedness of such Subsidiary Guarantor as provided in this Section
11.02. 
  
 (g) Subrogation. 
  
 After all Senior Indebtedness of a Subsidiary Guarantor is paid in full and
until the Notes are paid in full, Holders of Notes will be subrogated (equally and ratably with all other Indebtedness pari passu with the Notes) to the rights of holders of Senior Indebtedness of such Subsidiary Guarantor to receive
distributions applicable to Senior Indebtedness of such Subsidiary Guarantor to the extent that distributions otherwise payable to the Holders of Notes have been applied to the payment of Senior Indebtedness of such Subsidiary Guarantor. A
distribution made under this Section 11.02 to holders of Senior Indebtedness of a Subsidiary Guarantor that otherwise would have been made to Holders of Notes is not, as between such Subsidiary Guarantor and Holders, a payment by such Subsidiary
Guarantor with respect to its Subsidiary Guarantee. 
  
 (h)
Relative Rights. 
  
 This Section 11.02 defines the
relative rights of Holders of Notes and holders of Senior Indebtedness of each Subsidiary Guarantor. Nothing in this Indenture will: 
  
 (1) impair, as between a Subsidiary Guarantor and Holders of Notes, the obligation of such Subsidiary Guarantor, which is absolute and
unconditional, to make payments with respect to the Subsidiary Guarantee of such Subsidiary Guarantor to the extent set forth in this Article 11 (other than this Section 11.02); 
  
 (2) affect the relative rights of Holders of Notes and creditors of a Subsidiary Guarantor other than their
rights in relation to holders of Senior Indebtedness of such Subsidiary Guarantor; or 
  
 (3) prevent the Trustee or any Holder of Notes from exercising its available remedies upon a Default or Event of Default, subject to the
rights of holders and owners of Senior Indebtedness of such Subsidiary Guarantor to receive distributions and payments otherwise payable to Holders of Notes. 

 (i) Subordination May Not Be Impaired by a Subsidiary Guarantor. 
  
 No right of any holder of Senior Indebtedness of a Subsidiary Guarantor to
enforce the subordination of the Indebtedness evidenced by the Subsidiary Guarantee of such Subsidiary Guarantor may be impaired by any act or failure to act by such Subsidiary Guarantor or any Holder or by the failure of such Subsidiary Guarantor
or any Holder to comply with this Indenture. 
  
 (j)
Distribution or Notice to Representative. 
  
 Whenever a
distribution is to be made or a notice given to holders of Senior Indebtedness of a Subsidiary Guarantor, the distribution may be made and the notice given to their Representative. 
  
 Upon any payment or distribution of assets of a Subsidiary Guarantor referred to in this Section 11.02, the Trustee and the
Holders of Notes will be entitled to rely upon any order or decree made by any court of competent jurisdiction or upon any certificate of such Representative or of the liquidating trustee or agent or other Person making any distribution to the
Trustee or to the Holders of Notes for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness of such Subsidiary Guarantor and other Indebtedness of such Subsidiary Guarantor, the
amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Section 11.02. 
  
 (k) Rights of Trustee and Paying Agent. 
  
 Notwithstanding the provisions of this Section 11.02 or any other provision of this Indenture, the Trustee will not be charged with knowledge of the
existence of any facts that would prohibit the making of any payment or distribution by the Trustee, and the Trustee and the Paying Agent may continue to make payments on the Notes, unless the Trustee has received at its Corporate Trust Office at
least five Business Days prior to the date of such payment written notice of facts that would cause the payment of any Obligations with respect to any Subsidiary Guarantee to violate this Section 11.02. Only a Subsidiary Guarantor or a
Representative may give the notice. Nothing in this Section 11.02 will impair the claims of, or payments to, the Trustee under or pursuant to Section 7.07 hereof. 
  
 The Trustee in its individual or any other capacity may hold Senior Indebtedness of a Subsidiary Guarantor with the same
rights it would have if it were not Trustee. Any Agent may do the same with like rights. 
  
 (l) Authorization to Effect Subordination. 
  
 Each Holder of Notes, by the Holder’s acceptance thereof, authorizes and directs the Trustee on such Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as
provided in this Section 11.02, and appoints the Trustee to act as such Holder’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding
referred to in Section 6.09 hereof at least 30 days before the expiration of the time to file such claim, the Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Notes. 

 Section 11.03 Limitation on Subsidiary Guarantor Liability. 
  
 Each Subsidiary Guarantor, and by its acceptance of Notes, each Holder,
hereby confirms that it is the intention of all such parties that the Subsidiary Guarantee of such Subsidiary Guarantor not constitute a fraudulent transfer or fraudulent conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Subsidiary Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Subsidiary Guarantors hereby irrevocably agree
that the obligations of such Subsidiary Guarantor will be limited to the maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Subsidiary 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 Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under this Article 11,
result in the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee not constituting a fraudulent transfer or fraudulent conveyance. Each Subsidiary Guarantor acknowledges that it will receive direct and indirect benefits from the
financing arrangements contemplated by this Indenture and that its Subsidiary Guarantee, and the waiver set forth in Section 11.01(d), are knowingly made in contemplation of such benefits. 
  
 Section 11.04 Delivery of Subsidiary Guarantee.

  
 The delivery of any Note by the Trustee, after the
authentication thereof hereunder, will constitute due delivery of the Subsidiary Guarantee set forth in this Indenture or any supplemental indenture on behalf of the Subsidiary Guarantors. Neither the Company nor any Subsidiary Guarantor shall be
required to make a notation on the Notes to reflect any Subsidiary Guarantee or any such release, termination or discharge thereof. 
  
 The Company shall cause each Restricted Subsidiary that is required to become a Subsidiary Guarantor pursuant to Section 4.18, and each Subsidiary of the
Company that the Company causes to become a Subsidiary Guarantor pursuant to Section 4.18, to promptly execute and deliver to the Trustee a Supplemental Indenture substantially in the form set forth in Exhibit E to this Indenture, or otherwise in
form and substance reasonably satisfactory to the Trustee, evidencing its Subsidiary Guarantee on substantially the terms set forth in this Article 11. 
  
 Section 11.05 Subsidiary Guarantors May Consolidate, etc., on Certain Terms. 
  
 Except as otherwise provided in this Section 11.05 and Section 11.06, the
Company will not permit any Subsidiary Guarantor to consolidate with or merge with or into, or convey, transfer or lease all or substantially all of the assets of such Subsidiary Guarantor to, any Person unless: 
  
 (1) immediately after giving effect to such transaction (and
treating any Indebtedness which becomes an obligation of the Successor Guarantor or any Restricted Subsidiary as a result of such transaction as having been Incurred by the Successor Guarantor or such Restricted Subsidiary at the time of such
transaction), no Default shall have occurred and be continuing; and 
  
 (2) the Successor Guarantor will be a Person organized and existing under the laws of the United States of America, any State thereof or the District of Columbia, and such Person (if not such Subsidiary Guarantor)
will expressly assume, by a supplemental indenture and registration rights agreement (if applicable), executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all the obligations of such Subsidiary Guarantor under its
Subsidiary Guarantee and the Registration Rights Agreement (if applicable), respectively. 
  
 In case of any such consolidation, merger, conveyance, transfer or lease and upon the assumption by the successor Person, by such supplemental indenture, of such Subsidiary Guarantee, such successor 

 Person will succeed to and be substituted for the Subsidiary Guarantor with the same effect as if it had been named
herein as a Subsidiary Guarantor. All the Subsidiary Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as the Subsidiary Guarantees theretofore and thereafter issued in accordance with the terms of
this Indenture as though all of such Subsidiary Guarantees had been issued at the date of the execution hereof. 
  
 Except as set forth in Articles 4 and 5 hereof, and notwithstanding clauses (1) and (2) above, nothing contained in this Indenture or in any of the Notes
will prevent any consolidation or merger of a Subsidiary Guarantor with or into the Company or another Subsidiary Guarantor, or will prevent any sale, conveyance or transfer of the property of a Subsidiary Guarantor as an entirety or substantially
as an entirety to the Company or another Subsidiary Guarantor. 
  
 The Company may permit any Subsidiary Guarantor to consolidate or merge, or convey, transfer or lease all or substantially all of the assets of such Subsidiary Guarantor if such transaction would result in the release of the Subsidiary
Guarantee of such Subsidiary Guarantor pursuant to Section 11.06 hereof. 
  
 The Company may permit any Subsidiary Guarantor to merge with or into, or convey, transfer or lease all or substantially all its assets to an Affiliate incorporated solely for the purpose of reincorporating such
Subsidiary Guarantor in another jurisdiction. 
  
 Section 11.06 Releases. 
  
 The Subsidiary
Guarantee of a Subsidiary Guarantor will be released: 
  
 (1) in connection with any consolidation or merger if the Subsidiary Guarantor or surviving Person shall cease to be a Subsidiary of the Company, if the consolidation or merger complies with the provisions of Section 5.01 hereof;

  
 (2) in connection with any sale or other
disposition of all or substantially all of the assets of that Subsidiary Guarantor (including by way of merger or consolidation) to a Person that is not (either before or after giving effect to such transaction) a Subsidiary of the Company, if the
sale or other disposition complies with the provisions of Section 4.10 hereof 
  
 (3) if the Subsidiary Guarantor is designated to be an Unrestricted Subsidiary in accordance with the provisions of this Indenture; 
  
 (4) in connection with any (direct or indirect) sale of Capital Stock or other transaction that results in
such Subsidiary Guarantor ceasing to be a Subsidiary of the Company, if the sale or other transaction complies with the provisions of Section 4.10 hereof; 
  
 (5) upon the release of such Subsidiary Guarantor from its liability in respect of all Indebtedness (other than Immaterial Indebtedness)
of the Company and all other Subsidiary Guarantors; and 
  
 (6) upon legal defeasance of the Notes in accordance with Article 8 hereof or satisfaction and discharge of this Indenture in accordance with Article 12 hereof, each Subsidiary Guarantor will be released and relieved
of any obligations under its Subsidiary Guarantee. 
  
 Upon any
such occurrence specified in this Section 11.06, the Trustee will execute any documents reasonably required in order to evidence the release of any Guarantor from its obligations under its Subsidiary Guarantee. 

 Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantee as provided in
this Section 11.06 will remain liable for the full amount of principal of and interest and premium and Liquidated Damages, if any, on the Notes and for the other obligations of any Subsidiary Guarantor under this Indenture as provided in this
Article 11. 
  
 ARTICLE 12 
 SATISFACTION AND DISCHARGE 
  
 Section 12.01 Satisfaction and Discharge. 
  
 This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when: 

 
 (1) either: 
  
 (a) all Notes that have been authenticated, except lost,
stolen or destroyed Notes that have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or 
  
 (b) all Notes that have not been delivered to the Trustee
for cancellation have become due and payable by reason of the mailing of a notice of redemption or otherwise or will become due and payable within one year, or are to be called for redemption within one year, and the Company or any Subsidiary
Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, non-callable U.S. Government Obligations, 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 delivered to the Trustee for cancellation for principal, premium and Liquidated Damages, if any, and accrued
interest to the date of maturity or redemption; 
  
 (2) no Default or Event of Default has occurred and is continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit) and the deposit will not result in
a breach or violation of, or constitute a default under, any other material instrument to which the Company or any Subsidiary Guarantor is a party or by which the Company or any Subsidiary Guarantor is bound; 
  
 (3) the Company or any Subsidiary Guarantor has paid or
caused to be paid all sums then payable by it under this Indenture; and 
  
 (4) the Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as the case may be.

  
 In addition, the Company must deliver an Officer’s 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 has been deposited with the Trustee pursuant to subclause (b) of clause (1) of
this Section 12.01, the provisions of Sections 12.02 and 8.06 hereof will survive. In addition, nothing in this Section 12.01 will be deemed to discharge those provisions of Section 7.07 hereof, that, by their terms, survive the satisfaction and
discharge of this Indenture. 

 Section 12.02 Application of Trust Money. 
  
 Subject to the provisions of Section 8.06 hereof, all money deposited with
the Trustee pursuant to Section 12.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as
its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium and Liquidated Damages, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not
be segregated from other funds except to the extent required by law. 
  
 If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with Section 12.01 hereof 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 Company’s and any Subsidiary Guarantor’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred
pursuant to Section 12.01 hereof; provided that if the Company has made any payment of principal of, premium or Liquidated Damages, if any, or interest on, any Notes because of the reinstatement of its obligations, the Company shall be
subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent. 
  

Section 12.03 Repayment to Company. 
  

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium or
Liquidated Damages, if any, or interest on, any Note and remaining unclaimed for two years after such principal, premium or Liquidated Damages, if any, or interest has become due and payable shall be paid to the Company on its request or (if then
held by the Company) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust
money, and all liability of the Company as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published
once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any
unclaimed balance of such money then remaining will be repaid to the Company. 
  
 ARTICLE 13 
 MISCELLANEOUS 
  
 Section 13.01 Trust Indenture Act Controls. 
  
 If any provision hereof limits, qualifies or conflicts with a provision of
the TIA that is required under the TIA to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the latter
provision shall be deemed (i) to apply to this Indenture as so modified or (ii) to be excluded, as the case may be. 

 Section 13.02 Notices. 
  
 Any notice or communication by the Company, any Subsidiary Guarantor or the
Trustee to the others is duly given if in writing and delivered in Person or by first class mail (registered or certified, return receipt requested), facsimile transmission or overnight air courier guaranteeing next day delivery, to the others’
address: 
  
 If to the Company and/or any Subsidiary Guarantor:

  
 Del Laboratories, Inc. 
 178 EAB Plaza 
 P.O. Box 9357 
 Uniondale, New York 11553 
 Facsimile No.:
(631) 293-1515 
 Attention: Chief Financial Officer 
  

With a copy to: 
  
 Debevoise & Plimpton LLP 
 919 Third
Avenue 
 New York, New York 10022 
 Facsimile No.: (212) 909-6836 
 Attention: David A. Brittenham 
  
 If to the Trustee: 
  
 Wells Fargo Bank, National Association 
 213
Court Street, Suite 703 
 Middletown, CT 06457 
 Facsimile No.: (860) 704-6219 
 Attention: Corporate Trust Office 
  
 The Company, any Subsidiary Guarantor or the Trustee, by notice to the
others, may designate additional or different addresses for subsequent notices or communications. 
  
 All notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time delivered by hand, if personally
delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after timely delivery to the courier, if sent by overnight air courier
guaranteeing next day delivery. 
  
 Any notice or communication to
a Holder will be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication will
also be so mailed to any Person described in TIA § 313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

 
 If a notice or communication is mailed in the manner provided above within
the time prescribed, it is duly given, whether or not the addressee receives it. 
  
 If the Company mails a notice or communication to Holders, it will mail a copy to the Trustee and each Agent at the same time. 

 Section 13.03 Communication by Holders of Notes with Other Holders of
Notes. 
  
 Holders may communicate pursuant to TIA §
312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
  
 Section 13.04 Certificate and Opinion as to Conditions
Precedent. 
  
 Upon any request or application by the Company
to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
  
 (1) an Officer’s Certificate in form and substance reasonably satisfactory to the Trustee (which must include the statements set
forth in Section 13.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been complied with; and 
  
 (2) an Opinion of Counsel in form and substance reasonably
satisfactory to the Trustee (which must include the statements set forth in Section 13.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with. 
  
 Section 13.05 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 TIA § 314(a)(4)) must comply with the provisions of TIA § 314(e) and must include: 
  
 (1) a statement that the Person making such certificate or
opinion has read such covenant or condition; 
  
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
  
 (3) a statement that, in the opinion of such Person, he or she has made such examination or investigation as
is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
  
 (4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 
  
 Section 13.06 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 13.07 No Personal Liability of Directors, Officers, Employees and Stockholders. 
  
 No director, officer, employee, incorporator or stockholder of the Company
or any Subsidiary Guarantor, as such, will have any liability for any obligations of the Company or the Subsidiary Guarantors under the Notes, this Indenture, the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such
obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

 Section 13.08 Governing Law. 
  
 THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO
CONSTRUE THIS INDENTURE, THE NOTES AND THE SUBSIDIARY GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT SUCH PRINCIPLES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
  
 Section 13.09 No Adverse Interpretation of Other Agreements. 
  
 This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to
interpret this Indenture. 
  
 Section 13.10
Successors. 
  
 All agreements of the Company in this
Indenture and the Notes will bind its successors. All agreements of the Trustee in this Indenture will bind its successors. All agreements of each Subsidiary Guarantor in this Indenture will bind its successors, except as otherwise provided in
Section 11.05 hereof. 
  
 Section 13.11
Severability. 
  
 In case any provision in this Indenture
or in the Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 
  
 Section 13.12 Counterpart Originals. 
  
 The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together
represent the same agreement. 
  
 Section
13.13 Table of Contents, Headings, etc. 
  
 The Table of
Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the
terms or provisions hereof. 
  
 [Signatures on following page]

 SIGNATURES 
  
 Dated as of January 27, 2005 
  

			
	 DLI ACQUISITION CORP.

		
	 By:
	 	 /s/ Philip E. Berney

	 Name:
	 	 Philip E. Berney

	 Title:
	 	 President

	
	 WELLS FARGO BANK, NATIONAL
ASSOCIATION,

	 as Trustee

		
	 By:
	 	 /s/ Joseph P. O’Donnell

	 Name:
	 	 Joseph P. O’Donnell

	 Title:
	 	 Assistant Vice President

 EXHIBIT A 
  
 [Face of Note] 

 CUSIP/CINS                      
  
 8% Senior Subordinated Notes due 2012 
  

			
	 No.         
	 	$                    

  
 [NAME OF COMPANY]

  
 promises to pay to
             or registered assigns,  
  
 the principal sum of
                                        
                                        
                                        
         DOLLARS on February 1, 2012. 
  
 Interest Payment Dates: February 1 and August 1 
  
 Record Dates: January
15 and July 15 
  
 Dated:
                     
  

			
	 [NAME OF COMPANY]

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

			
	 This is one of the Notes referred to

	 in the within-mentioned Indenture:

	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

	 as Trustee

		
	 By:
	 	  

	 	 	Authorized Signatory

  

  

 A-1 

 [Back of Note] 
 8% Senior Subordinated Notes due 2012 
  
 [Insert the Regulation S Temporary Global Note legend set forth in Section 2.06(g)(3) if applicable pursuant to the provisions of the Indenture] 
  

[Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture] 
  
 [Insert the Private Placement Legend, if applicable pursuant to the provisions of the Indenture] 
  
 Capitalized terms used herein have the meanings assigned to them in the
Indenture referred to below unless otherwise indicated. 
  
 (1) INTEREST. [Name of Company] (the “Company”), promises to pay interest on the principal amount of this Note at 8% per annum until maturity and shall pay the
Liquidated Damages, if any, payable pursuant to the Registration Rights Agreement referred to below. The Company will pay interest and Liquidated Damages, if any, semi-annually in arrears on February 1 and August 1 of each year, or if any such day
is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the
date of issuance; provided that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall
accrue from such next succeeding Interest Payment Date; provided further that the first Interest Payment Date shall be [August 1, 2005]1[                    , 20    ]2. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium,
if any, from time to time on demand at the rate specified above to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest and Liquidated Damages, if
any, (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
  
 (2) METHOD OF
PAYMENT. The Company will pay interest on the Notes (except defaulted interest) and Liquidated Damages, if any, to the Persons who are registered Holders of Notes at the close of business on the January 15 or July
15 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. The Notes will
be payable as to principal, premium and Liquidated Damages, if any, and interest at the office or agency of the Company maintained for such purpose, provided that payment by wire transfer of immediately available funds will be made with
respect to principal of and interest, premium and Liquidated Damages, if any, on, all Global Notes and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent, provided,
further, that the Company reserves the right to pay interest and Liquidated Damages, if any, by check mailed directly to the Holders at their addresses set forth in the register of Holders maintained by the Registrar. Such payment will 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. 

	1	 	Include only for Notes issued on the Closing Date. 

	2	 	For any Additional Notes, insert the applicable date. 

  

 A-2 

 (3) PAYING AGENT AND
REGISTRAR. Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any
Holder. The Company or any of its Subsidiaries may act in any such capacity. 
  
 (4) INDENTURE. The Company issued the Notes under an Indenture dated as of January 27, 2005 (the “Indenture”) among the Company, the Subsidiary Guarantors and the
Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA. The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of
such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are unsecured obligations of the Company. The Indenture does not
limit the aggregate principal amount of Notes that may be issued thereunder. 
  
 (5) OPTIONAL REDEMPTION. 
  
 (a) Except as set forth in subparagraphs (b) and (c) of this Paragraph 5, the Company will not have the option to redeem the Notes prior to February 1, 2008. On or after February 1, 2008, the Company will have the
option to redeem the Notes, in whole or in part, at the following redemption prices (expressed as percentages of principal amount) plus accrued and unpaid interest and Liquidated Damages, if any, on the Notes to the applicable redemption date,
(subject to the rights of Holders on the relevant record date to receive interest on the relevant interest payment date) if redeemed during the twelve-month period commencing on February 1 of the years set forth below: 
  

				
	 Year

	  	Percentage

	 
	 2008
	  	104.000	%
	 2009
	  	102.667	%
	 2010
	  	101.333	%
	 2011 and thereafter
	  	100.000	%

  
 Any such redemption
and notice thereof may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent. 
  
 Unless the Company defaults in the payment of the redemption price or such redemption is rescinded in accordance with the Indenture, interest will cease
to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. 
  
 (b) Notwithstanding the provisions of subparagraph (a) of this Paragraph 5, at any time prior to February 1, 2008, the Company may, on any one or more
occasions, redeem up to 35% of the original aggregate principal amount of Notes (calculated giving effect to any issuance of Additional Notes) issued under the Indenture with funds in the aggregate amount not exceeding the aggregate Net Cash
Proceeds of one or more Equity Offerings, at a redemption price equal to 108% of the principal amount thereof, plus accrued and unpaid interest and Liquidated Damages, if any thereon to 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, however, that, after giving effect to any such redemption: (1) at least 65% of the original aggregate principal amount of the Notes
(calculated giving effect to any issuance of Additional Notes) remains outstanding and (2) any such redemption by the Company must be made within 90 days of the related Equity Offering and must be made in accordance with certain procedures set forth
in the Indenture. 
  

 A-3 

 Any notice of such redemption may be given prior to the completion of the related Equity Offering, and
any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. 
  
 (c) Notwithstanding the provisions of subparagraph (a) of this Paragraph 5,
at any time prior to February 1, 2008, the Company may also redeem all of the Notes upon the occurrence of a Change of Control (but in no event may any such redemption occur more than 90 days after the occurrence of such Change of Control), at a
redemption price equal to 108% of the principal amount of Notes redeemed plus accrued and unpaid interest and Liquidated Damages, if any, to the applicable date of redemption (subject to the rights of Holders on the relevant record date to receive
interest due on the relevant interest payment date). 
  
 Any
notice of such redemption may be given prior to the occurrence of a Change of Control, and any such redemption or notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not
limited to the occurrence of a Change of Control. 
  
 (6) MANDATORY REDEMPTION. 
  
 The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 
  
 (7) REPURCHASE AT THE OPTION OF HOLDER.

  
 (a) Upon the occurrence of a Change of
Control, each Holder will have the right to require the Company to repurchase all or any part (equal to $1,000 or an integral multiple of $1,000) of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof
plus accrued and unpaid interest and Liquidated Damages, if any, to the date of purchase (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), as and to the extent
provided in the Indenture. Not later than 30 days following the date the Company obtains actual knowledge of any Change of Control, the Company shall mail notice to each Holder with a copy to the Trustee setting forth the procedures governing the
Change of Control Offer as required by the Indenture. 
  
 (b) If the Company or a Restricted Subsidiary of the Company consummates any Asset Dispositions, to the extent that the aggregate Net Available Cash for all Asset Dispositions that is not applied in accordance with Section 4.10 of the
Indenture exceeds $10.0 million and such Asset Disposition requires the purchase of the Notes pursuant to the Indenture, the Company (i) will be required to purchase Notes tendered pursuant to an offer by the Company to the Holders for the Notes
(the “Offer”) at a purchase price of 100% of their principal amount plus accrued and unpaid interest and Liquidated Damages, if any, thereon to 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 (including prorating in the event of oversubscription), set forth in the Indenture; and (ii) may purchase other Senior Subordinated Indebtedness of
the Company on the terms and to the extent contemplated thereby (provided that in no event shall the Company offer to purchase such other Senior Subordinated Indebtedness of the Company at a purchase price in excess of 100% of its principal amount
(without premium), plus accrued and unpaid interest and liquidated damages, if any, thereon) to the date of purchase, in accordance with the procedures set forth in the Indenture. Holders of Notes that are the subject of an offer to purchase will
receive an Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” attached to the Notes. 
  

 A-4 

 (8) NOTICE OF
REDEMPTION. Notice of redemption will be mailed by first-class mail at least 30 days but not more than 60 days before the redemption date to each Holder of Notes to be redeemed at its registered address, except that
redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction or discharge of the Indenture. Notes in denominations larger than $1,000 may be
redeemed in part but only in whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. 
  
 (9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in fully
registered form, without coupons, in denominations of $1,000 and integral multiples of $1,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or
portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Company need not transfer or exchange any Note for a period of 15 days prior to a selection of Notes to be redeemed or during
the period between a record date and the corresponding Interest Payment Date. 
  
 (10) PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes. 
  
 (11) AMENDMENT, SUPPLEMENT
AND WAIVER. Subject to certain exceptions, the Indenture or the Notes or the Subsidiary Guarantees may be amended or supplemented with the written consent of the Holders of a majority in aggregate
principal amount of the Notes then outstanding including Additional Notes, if any, voting as a single class, and any existing Default or Event or Default or compliance with any provision of the Indenture or the Notes or the Subsidiary Guarantees may
be waived with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding including Additional Notes, if any, voting as a single class. Without the consent of any Holder of a Note, the Indenture or the Notes
or the Subsidiary Guarantees may be amended or supplemented to cure any ambiguity, omission, defect or inconsistency, provide for the assumption by a successor of the Company’s or a Subsidiary Guarantor’s obligations to the Holders of the
Notes and Subsidiary Guarantees in the case of a merger or consolidation or sale, conveyance, transfer or lease of all or substantially all of the Company’s or such Subsidiary Guarantor’s assets, as applicable, provide for uncertificated
Notes in addition to or in place of certificated Notes (provided, however, that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that the uncertificated Notes are described in
Section 163(f)(2)(B) of the Code), make any change in the subordination provisions of the Indenture that would limit or terminate the benefits available to any holder of Senior Indebtedness of the Company or a Subsidiary Guarantor (or any
Representative thereof) under such subordination provisions, add additional Guarantees with respect to the Notes, secure the Notes, add to the covenants of the Company for the benefit of the Holders or to surrender any right or power conferred upon
the Company, make any change that does not adversely affect the rights of any Holder, subject to the provisions of the Indenture, conform the text of the Indenture, the Subsidiary Guarantees or the Notes to any provision of the “Description of
Notes” section of the Company’s offering memorandum, relating to the initial offering of the Notes to the extent that such provision in that Description of Notes was intended to be a verbatim recitation of a provision of the Indenture, the
Subsidiary Guarantees or the Notes, provide for the issuance of the Exchange Notes or Additional Notes, or comply with any requirement of the SEC in connection with the qualification of the Indenture under the TIA. 
  

 A-5 

 (12) DEFAULTS AND
REMEDIES. Events of Default include: (i) a default in any payment of interest on any Note when due and payable, whether or not prohibited by Article 10 of the Indenture continued for 30 days; (ii) a default in the
payment of principal of any Note when due and payable at its Stated Maturity, upon required redemption or repurchase, upon declaration of acceleration or otherwise, whether or not such payment is prohibited by Article 10 of the Indenture; (iii) a
default in the observance or performance of any other covenant or agreement contained in the Indenture, which default continues for a period of 30 days after the Company receives written notice specifying the default (and demanding that such default
be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes; (iv) the failure to pay at final stated maturity (giving effect to any applicable grace periods and any extensions thereof) the principal
amount of any Indebtedness of the Company or any Restricted Subsidiary (other than a Receivables Entity) of the Company, or the acceleration of the final stated maturity of any such Indebtedness (which acceleration is not rescinded, annulled or
otherwise cured within 20 days of receipt by the Company or such Restricted Subsidiary of notice of any such acceleration) if the aggregate principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in
default for failure to pay principal at final maturity or which has been accelerated (in each case with respect to which the 20-day period described above has elapsed), aggregates $20.0 million or more at any time; (v) certain events of bankruptcy
or insolvency with respect to the Company or a Significant Subsidiary; (vi) certain judgments for the payment of money that remain undischarged for a period of 60 days; and (vii) except as permitted by the Indenture, any Subsidiary Guarantee is held
in any judicial proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect, or any Subsidiary Guarantor, or any Person acting on behalf of any Subsidiary Guarantor, denies or disaffirms in writing its
obligations under its Subsidiary Guarantee. However, a default under clause (iii) above will not constitute an Event of Default until the Trustee notifies the Company or the Holders of at least 25% in principal amount of the outstanding Notes notify
the Company and the Trustee of the default and the Company or the relevant Subsidiary Guarantor, as applicable, does not cure such default within the time specified in clause (iii) above after receipt of such notice. If any Event of Default (other
than an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Company) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes may
declare all the Notes to be due and payable immediately. Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy or insolvency, all outstanding Notes will become due and payable immediately without
further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the
Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest or premium
or Liquidated Damages, if any,) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the then outstanding Notes by notice to the Trustee may, on behalf of the Holders of all of the
Notes, rescind an acceleration or waive any existing Default or Event of Default and its consequences under the Indenture except a continuing Default or Event of Default in the payment of interest on, or the principal of, the Notes. The Company is
required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Company is required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or
Event of Default. 
  

 A-6 

 (13) SUBORDINATION. Payment of principal, interest and premium and
Liquidated Damages, if any, on the Notes is subordinated to the prior payment of Senior Indebtedness of the Company and any Subsidiary Guarantor on the terms provided in the Indenture. 
  
 (14) TRUSTEE DEALINGS
WITH COMPANY. The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the
Company or its Affiliates, as if it were not the Trustee. 
  
 (15) NO RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or stockholder of the Company or any Subsidiary
Guarantor, as such, will have any liability for any obligations of the Company or the Subsidiary Guarantors under the Notes, the Indenture, the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 
  
 (16) AUTHENTICATION. This Note will not be valid until authenticated by
the manual signature of the Trustee or an authenticating agent. 
  
 (17) ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT
TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
  
 (18) [ADDITIONAL RIGHTS OF HOLDERS OF
RESTRICTED GLOBAL NOTES AND RESTRICTED DEFINITIVE NOTES. In addition to the rights provided to Holders of Notes under the
Indenture, Holders of [Restricted Global Notes and Restricted Definitive Notes]3 [Restricted Global Notes,
Restricted Definitive Notes and Regulation S Temporary Global Note]4 will have all the rights set forth in the
Registration Rights Agreement dated as of January 27, 2005, among DLI Acquisition Corp., a Delaware corporation, and the other parties named on the signature pages thereof, as amended by the First Amendment to the Registration Rights Agreement,
dated January 27, 2005, among Del Laboratories, Inc., a Delaware Corporation, the Subsidiary Guarantors party thereto and the other parties named on the signature pages thereof or, in the case of Additional Notes, Holders of [Restricted Global Notes
and Restricted Definitive Notes]5 [Restricted Global Notes, Restricted Definitive Notes and Regulation S Temporary
Global Note]6 will have the rights set forth in one or more registration rights agreements, if any, among the
Company, the Subsidiary Guarantors and the other parties thereto, relating to rights given by the Company and the Subsidiary Guarantors to the purchasers of any Additional Notes (collectively, the “Registration Rights
Agreement”).]7 
  
 (19) CUSIP NUMBERS. Pursuant to a recommendation promulgated by the Committee on
Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes, and the Trustee may use CUSIP numbers in notices of redemption as a 

	3	 	Include for any Note other than a Regulation S Temporary Global Note. 

	4	 	Include only for any Regulation S Temporary Global Note. 

	5	 	Include for any Note other than a Regulation S Temporary Global Note. 

	6	 	Include only for any Regulation S Temporary Global Note. 

	7	 	Include for any Note other than an Exchange Note. 

  

 A-7 

 
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. 
  
 (20) GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THIS NOTE AND THE
SUBSIDIARY GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT SUCH PRINCIPLES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

  
 The Company will furnish to any Holder upon written request
and without charge a copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to: 
  
 [Name of Company] 
 [Address] 
 Attention: Chief Financial Officer 
  

 A-8 

 ASSIGNMENT FORM 
  
 To assign this Note, fill in the form below: 
  

	
	 (I) or (we) assign and transfer this Note to:
_______________________________________________________________________________

	                            (Insert
assignee’s legal name)
	
	 _____________________________________________________________________________________________________________________

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

	
	 _______________________________________________________________________________________________________________________________

	
	 _______________________________________________________________________________________________________________________________

	
	 _______________________________________________________________________________________________________________________________

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

			
	 Your Signature:
	 	  

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

  

			
		
	Signature Guarantee*:	 	  

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

  

 A-9 

 OPTION OF HOLDER TO ELECT
PURCHASE 
  
 If you want to elect to have this Note
purchased by the Company pursuant to Section 4.10 or 4.15 of the Indenture, check the appropriate box below: 
  
 Section
4.10                                       
 Section 4.15 
  
 If you want to elect to have only part of
the Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the Indenture, state the amount you elect to have purchased: 
  
 $                     
  
 Date:
                     
  

			
	 Your Signature:
	 	  

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

	 Tax Identification No.:
	 	  

  

			
		
	Signature Guarantee*:	 	  

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

  

 A-10 

 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE * 
  
 The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another
Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange

	 	 Amount of
 decrease in
 Principal Amount
 of
 this Global Note

	 	 Amount of
 increase in
 Principal Amount
 of
 this Global Note

	  	 Principal Amount
 of this Global
 Note following
 such decrease
 (or increase)

	  	 Signature of
 authorized officer
 of Trustee or
 Custodian

  

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

  

 A-11 

 EXHIBIT B 
  
 FORM OF CERTIFICATE OF TRANSFER 
  
 [Name of Company] 
 [Address] 
  
 Wells Fargo Bank, National Association 
 213 Court Street, Suite 703 
 Middletown, CT 06457 
  
 Re: 8% Senior Subordinated Notes due 2012 
  
 Reference is hereby made to the Indenture, dated as of January 27, 2005 (as
supplemented by the Supplemental Indenture referred to below, the “Indenture”), among DLI Acquisition Corp., as issuer (“DLI Acquisition”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as
supplemented by the Supplemental Indenture, dated as of January 27, 2005, among Del Laboratories, Inc. (the “Company”), as successor by merger to DLI Acquisition, the Subsidiary Guarantors party thereto, and the Trustee. Capitalized terms
used but not defined herein shall have the meanings given to them in the Indenture. 
  
                                 , (the
“Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $             in such
Note[s] or interests (the “Transfer”), to
                                 (the “Transferee”), as further
specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: 
  
 [CHECK ALL THAT APPLY] 
  
 1.  ̈ Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a
Restricted Definitive Note pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the
Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or
more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of
Rule 144A, and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial
interest or Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 
  
 2.  ̈ Check if Transferee will take delivery of a beneficial interest in the Regulation S Temporary Global Note, the Regulation S Permanent Global Note or a Restricted Definitive Note pursuant to Regulation S.
The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States
and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii)
no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act (iii) the transaction 

  

 B-1 

 
is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is being made prior to the
expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation of the proposed transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on Transfer enumerated in the Private Placement Legend printed on the Regulation S Permanent Global Note, the Regulation S Temporary Global Note
and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 
  
 3.  ̈ Check and complete if Transferee will take delivery of a beneficial interest in the IAI Global Note
or a Restricted Definitive Note pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in
Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies
that (check one): 
  
 (a)  ̈ such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; 
  
 or 
  
 (b)  ̈ such Transfer is being effected to the Company or a subsidiary thereof; 
  
 or 
  
 (c)
 ̈ such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus
delivery requirements of the Securities Act; 
  
 or 
  
 (d)  ̈ such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the registration requirements of the Securities Act other than Rule 144A,
Rule 144, Rule 903 or Rule 904, and the Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the Transfer complies with the transfer restrictions
applicable to beneficial interests in a Restricted Global Note or Restricted Definitive Notes and the requirements of the exemption claimed, which certification is supported by (1) a certificate executed by the Transferee in the form of Exhibit D to
the Indenture and (2) an opinion of counsel (which opinion and counsel are reasonably satisfactory to the Company and the Trustee) provided by the Transferor or the Transferee (a copy of which the Transferor has attached to this certification), to
the effect that such Transfer is in compliance with the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the
restrictions on transfer enumerated in the Private Placement Legend printed on the IAI Global Note and/or the Restricted Definitive Notes and in the Indenture and the Securities Act. 
  
 4.  ̈ Check if
Transferee will take delivery of a beneficial interest in an Unrestricted Global Note or of an Unrestricted Definitive Note. 
  
 (a)  ̈ Check if Transfer is pursuant to Rule
144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer 

  

 B-2 

 
restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer
contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 
  
 (b)  ̈ Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer
restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to
maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 
  
 (c)  ̈ Check if Transfer is Pursuant to Other
Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions
contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in
the Private Placement Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 
  
 This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 
  

			
	  

	 [Insert Name of Transferor]

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
 Dated:
                     
  

 B-3 

 ANNEX A TO CERTIFICATE OF TRANSFER 
  

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

  
 [CHECK ONE OF (a) OR (b)] 
  
 (a)  ̈ a beneficial interest in
the: 
  

	 	(i)	 ̈ 144A Global Note (CUSIP
                    ), or 

  

	 	(ii)	 ̈ Regulation S Global Note (CUSIP
                    ), or 

  

	 	(iii)	 ̈ IAI Global Note (CUSIP
                    ); or 

  
 (b)  ̈ a Restricted Definitive
Note. 
  

	2.	 	After the Transfer the Transferee will hold: 

  
 [CHECK ONE] 
  
 (a)  ̈ a beneficial interest in
the: 
  

	 	(i)	 ̈ 144A Global Note (CUSIP
                    ), or 

  

	 	(ii)	 ̈ Regulation S Global Note (CUSIP
                    ), or 

  

	 	(iii)	 ̈ IAI Global Note (CUSIP
                    ); or 

  

	 	(iv)	 ̈ Unrestricted Global Note (CUSIP
                    ); or 

  
 (b)  ̈ a Restricted Definitive
Note; or 
  
 (c)  ̈ an Unrestricted Definitive Note, 
  
 in accordance with the terms of the Indenture. 
  

 B-4 

 EXHIBIT C 
  
 FORM OF CERTIFICATE OF EXCHANGE 
  
 [Name of Company] 
 [Address] 
  
 Wells Fargo Bank, National Association 
 213 Court Street, Suite 703 
 Middletown, CT 06457 
  
 Re: 8% Senior Subordinated Notes due 2012 
  
 Reference is hereby made to the Indenture, dated as of January 27, 2005 (as
supplemented by the Supplemental Indenture referred to below, the “Indenture”), among DLI Acquisition Corp., as issuer (“DLI Acquisition”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as
supplemented by the Supplemental Indenture, dated as of January 27, 2005, among Del Laboratories, Inc. (the “Company”), as successor by merger to DLI Acquisition, the Subsidiary Guarantors party thereto, and the Trustee. Capitalized terms
used but not defined herein shall have the meanings given to them in the Indenture. 
  
                                 , (the
“Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of
$                     in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby
certifies that: 
  
 1. Exchange of Restricted Definitive
Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or Beneficial Interests in an Unrestricted Global Note 
  
 (a)  ̈ Check if Exchange is from beneficial
interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global
Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions
applicable to the Global Notes and pursuant to and in accordance with the Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are
not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States.

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

  

 C-1 

 
compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue
sky securities laws of any state of the United States. 
  
 (d)
 ̈ Check if Exchange is from Restricted Definitive Note to Unrestricted Definitive Note. In connection with the Owner’s Exchange of a
Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance
with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in
order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
  
 2. Exchange of Restricted Definitive Notes or Beneficial Interests in
Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes 
  
 (a)  ̈ Check if Exchange is from beneficial
interest in a Restricted Global Note to Restricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the Owner
hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued
will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 
  
 (b)  ̈ Check if Exchange is from Restricted Definitive Note to beneficial interest in a Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest
in the [CHECK ONE]  ̈ 144A Global Note,  ̈ Regulation S Global Note,  ̈ IAI Global Note with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is
being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities
Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the
restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 
  

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

			
	  

	 [Insert Name of Transferor]

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
 Dated:
                     
  

 C-2 

 EXHIBIT D 
  
 FORM OF CERTIFICATE FROM 
 ACQUIRING
INSTITUTIONAL ACCREDITED INVESTOR 
  
 [Name of Company] 
 [Address] 
  
 Wells Fargo Bank, National Association 
 213 Court Street, Suite 703 
 Middletown, CT 06457 
  
 Re: 8% Senior Subordinated Notes due 2012 
  
 Reference is hereby made to the Indenture, dated as of January 27, 2005 (as supplemented by the Supplemental Indenture referred to below, the
“Indenture”), among DLI Acquisition Corp., as issuer (“DLI Acquisition”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as supplemented by the Supplemental Indenture, dated as of January 27,
2005, among Del Laboratories, Inc. (the “Company”), as successor by merger to DLI Acquisition, the Subsidiary Guarantors party thereto, and the Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in
the Indenture. 
  
 In connection with our proposed purchase of
$                     aggregate principal amount of: 
  

(a)  ̈        a beneficial interest in a Global Note, or 
  
 (b)  ̈        a Definitive Note, 
  
 we confirm that: 
  
 1. We
understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the
Notes or any interest therein except in compliance with, such restrictions and conditions and the Securities Act of 1933, as amended (the “Securities Act”). 
  
 2. We understand that the offer and sale of the Notes have not been registered under the Securities Act, and that the Notes
and any interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should sell the Notes or any
interest therein, we will do so only (A) to the Company or any subsidiary thereof, (B) in accordance with Rule 144A under the Securities Act to a “qualified institutional buyer” (as defined therein), (C) to an institutional
“accredited investor” (as defined below) that, prior to such transfer, furnishes (or has furnished on its behalf by a U.S. broker-dealer) to you and to the Company a signed letter substantially in the form of this letter and an opinion of
counsel (which opinion and counsel are reasonably satisfactory to the Company and the Trustee) to the effect that such transfer is in compliance with the Securities Act, (D) outside the United States in accordance with Rule 904 of Regulation S under
the Securities Act, (E) pursuant to the provisions of Rule 144(k) under the Securities Act or (F) pursuant to an effective registration statement under the Securities Act, and we further agree to provide to any Person purchasing the Definitive Note
or beneficial interest in a Global Note from us in a transaction meeting the requirements of clauses (A) through (E) of this paragraph a notice advising such purchaser that resales thereof are restricted as stated herein. 
  

 D-1 

 3. We understand that, on any proposed resale of the Notes or beneficial interest therein, we will be
required to furnish to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further understand that
the Notes purchased by us will bear a legend to the foregoing effect. 
  
 4. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and 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 and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 
  
 5. We are acquiring the Notes or beneficial interest therein purchased by us for our own account or for one or more accounts
(each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 
  
 You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party
in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	  

	 [Insert Name of Accredited Investor]

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
 Dated:
                     
  

 D-2 

 EXHIBIT E 
  
 [FORM OF SUPPLEMENTAL INDENTURE 
 TO BE
DELIVERED BY SUBSEQUENT SUBSIDIARY GUARANTORS] 
  
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of             , 200    , among
                                 (the “Guaranteeing Subsidiary”),
a Subsidiary of [Name of Company] (or its permitted successor), a                      corporation (the “Company”), the
Company, the other Subsidiary Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, National Association, as trustee under the Indenture referred to below (the “Trustee”). 
  
 W I T N E S S E T H 
  
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an
indenture (the “Indenture”), dated as of January 27, 2005 providing for the issuance of 8% Senior Subordinated Notes due 2012 (the “Notes”); 
  
 WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to
the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the
“Subsidiary Guarantee”); and 
  
 WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
  
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the
Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
  
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 
  
 2. AGREEMENT TO
GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Indenture including but not limited to Article 11 thereof. 
  
 4. NO RECOURSE AGAINST
OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company or any Guaranteeing Subsidiary
under the Notes, any Subsidiary Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases
all such liability. The waiver and release are part of the consideration for issuance of the Notes. 
  
 5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT SUCH PRINCIPLES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
  

 E-1 

 6. 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. 
  
 7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 
  
 8. THE TRUSTEE. The Trustee shall not be
responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the
Company. 
  

 E-2 

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

			
	 [GUARANTEEING SUBSIDIARY]

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	 [NAME OF COMPANY]

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	 [EXISTING SUBSIDIARY GUARANTORS]

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	 WELLS FARGO BANK, NATIONAL
ASSOCIATION,

	 as Trustee

		
	 By:
	 	  

	 	 	 Authorized Signatory

  

 E-3 

 EXHIBIT F 
  
 [FORM OF FIRST SUPPLEMENTAL INDENTURE 
 RELATING
TO THE ACQUISITION] 
  
 SUPPLEMENTAL
INDENTURE (this “Supplemental Indenture”), dated as of January 27, 2005, among Del Laboratories, Inc., a Delaware corporation (the “Company”), the Company’s subsidiaries listed on the signature
pages hereto (the “Guaranteeing Subsidiaries”) and Wells Fargo Bank, National Association, as trustee under the Indenture referred to below (the “Trustee”). 
  
 W I T N E S S E T H 
  
 WHEREAS, DLI Acquisition Corp., a Delaware corporation (the
“Issuer”) has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of January 27, 2005 providing for the issuance of 8% Senior Subordinated Notes due 2012 (the
“Notes”); 
  
 WHEREAS, concurrently herewith, the
Issuer is being merged with and into the Company, with the Company as the surviving company (the “Merger”); 
  
 WHEREAS, the substitution of the Company for the Issuer is subject to Section 5.02 and Section 9.01 of the Indenture. 
  
 WHEREAS, the Indenture provides that under certain circumstances the
Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on
the terms and conditions set forth herein (the “Subsidiary Guarantee”); and 
  
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
  
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is
hereby acknowledged, the Company, the Guaranteeing Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
  
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings
assigned to them in the Indenture. 
  
 2. AGREEMENT
TO ASSUME. The Company hereby assumes all of the obligations of the Issuer under the Indenture and the Notes and hereafter, shall be deemed the “Company” for all purposes under the Indenture and the Notes. In
accordance with Section 5.02 of the Indenture, the Company shall succeed to, and be substituted for, and may exercise every right and power of the Issuer under the Indenture with the same effect if the Company had been named as the
“Company” in the Indenture. 
  
 3.
AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiaries hereby agree to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Indenture including but not limited to
Article 11 thereof. 
  
 4. NO
RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Company or any of the Guaranteeing Subsidiaries, as such, shall have any
liability for any obligations of the Issuer, the Company or any Guaranteeing Subsidiary under the Notes, any Subsidiary Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such
obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. 
  

 F-1 

 5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE
THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT SUCH PRINCIPLES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY. 
  
 6. 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. 
  
 7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the
construction hereof. 
  
 8. RATIFICATION
OF INDENTURE; SUPPLEMENTAL INDENTURES PART OF INDENTURE. Except as expressly amended hereby, the Indenture is in all respects ratified and
confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated
and delivered shall be bound hereby. 
  
 9. THE
TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are
made solely by each Guaranteeing Subsidiary and the Company. 
  

 F-2 

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

			
	COMPANY
	
	 DEL LABORATORIES, INC.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	GUARANTEEING SUBSIDIARIES
	
	 DEL PHARMACEUTICALS, INC.
  

	 565 BROAD HOLLOW REALTY
CORP.
  

	 PARFUMS SCHIAPARELLI, INC.
  

	 ROYCE & RADER, INC.
  

	 DEL PROFESSIONAL PRODUCTS, INC.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	TRUSTEE
	
	 WELLS FARGO BANK, NATIONAL
ASSOCIATION,

		
	 By:
	 	  

	 	 	 Authorized Signatory

  

 F-3

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