Document:

EX-4.4

 Exhibit 4.4 

EXECUTION VERSION 
  

 
 Colfax Corporation 

 
  

INDENTURE 
 Dated as of
January 11, 2019 
  
  

U.S. Bank National Association 

as Trustee 
 Senior Debt
Securities 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
	 Section 1.1.
	 	Definitions	  	 	1	 
	 Section 1.2.
	 	Other Definitions	  	 	5	 
	 Section 1.3.
	 	Rules of Construction	  	 	6	 
	 ARTICLE II. THE SECURITIES
	  	 	6	 
	 Section 2.1.
	 	Issuable in Series	  	 	6	 
	 Section 2.2.
	 	Establishment of Terms of Series of Securities	  	 	6	 
	 Section 2.3.
	 	Execution and Authentication	  	 	9	 
	 Section 2.4.
	 	Registrar, Paying Agent and Transfer Agent	  	 	10	 
	 Section 2.5.
	 	Paying Agent to Hold Money in Trust	  	 	11	 
	 Section 2.6.
	 	Securityholder Lists	  	 	11	 
	 Section 2.7.
	 	Transfer and Exchange	  	 	12	 
	 Section 2.8.
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	13	 
	 Section 2.9.
	 	Outstanding Securities	  	 	13	 
	 Section 2.10.
	 	Treasury Securities	  	 	14	 
	 Section 2.11.
	 	Temporary Securities	  	 	14	 
	 Section 2.12.
	 	Cancellation	  	 	14	 
	 Section 2.13.
	 	Defaulted Interest	  	 	15	 
	 Section 2.14.
	 	Global Securities	  	 	15	 
	 Section 2.15.
	 	CUSIP Numbers	  	 	16	 
	 ARTICLE III. REDEMPTION
	  	 	17	 
	 Section 3.1.
	 	Notice to Trustee; No Liability for Calculations	  	 	17	 
	 Section 3.2.
	 	Selection of Securities to be Redeemed	  	 	17	 
	 Section 3.3.
	 	Notice of Redemption	  	 	17	 
	 Section 3.4.
	 	Effect of Notice of Redemption	  	 	19	 
	 Section 3.5.
	 	Deposit of Redemption Price	  	 	19	 
	 Section 3.6.
	 	Securities Redeemed in Part	  	 	19	 
	 Section 3.7.
	 	Sinking Fund	  	 	19	 
	 Section 3.8.
	 	Satisfaction of Sinking Fund Payments with Securities	  	 	19	 
	 Section 3.9.
	 	Redemption of Securities for Sinking Fund	  	 	20	 
	 Section 3.10.
	 	Redemption Upon Changes in Tax Law	  	 	20	 
	 ARTICLE IV. COVENANTS
	  	 	21	 
	 Section 4.1.
	 	Payment of Principal, Premium and Interest	  	 	21	 
	 Section 4.2.
	 	Compliance Certificate	  	 	22	 
	 Section 4.3.
	 	Stay, Extension and Usury Laws	  	 	22	 
	 Section 4.4.
	 	Corporate Existence	  	 	22	 
	 Section 4.5.
	 	Limitation on Liens	  	 	22	 
	 Section 4.6.
	 	Additional Amounts	  	 	24	 
	 Section 4.7.
	 	Reports	  	 	26	 
	 ARTICLE V. SUCCESSORS
	  	 	27	 
	 Section 5.1.
	 	Consolidation, Merger and Sale of Assets	  	 	27	 
	 ARTICLE VI. DEFAULTS AND REMEDIES
	  	 	27	 
	 Section 6.1.
	 	Events of Default	  	 	27	 

  
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	 Section 6.2.
	 	Acceleration of Maturity; Rescission and Annulment	  	 	28	 
	 Section 6.3.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	29	 
	 Section 6.4.
	 	Trustee May File Proofs of Claim	  	 	30	 
	 Section 6.5.
	 	Trustee May Enforce Claims Without Possession of Securities	  	 	30	 
	 Section 6.6.
	 	Application of Money Collected	  	 	31	 
	 Section 6.7.
	 	Limitation on Suits	  	 	31	 
	 Section 6.8.
	 	Unconditional Right of Holders to Receive Principal and Interest	  	 	31	 
	 Section 6.9.
	 	Restoration of Rights and Remedies	  	 	32	 
	 Section 6.10.
	 	Rights and Remedies Cumulative	  	 	32	 
	 Section 6.11.
	 	Delay or Omission Not Waiver	  	 	32	 
	 Section 6.12.
	 	Control by Holders	  	 	32	 
	 Section 6.13.
	 	Waiver of Past Defaults	  	 	33	 
	 Section 6.14.
	 	Undertaking for Costs	  	 	33	 
	 Section 6.15.
	 	Sole Remedy for Event of Default Relating to Failure to Comply with Section 4.7 and Section 10.19	  	 	33	 
	 ARTICLE VII. TRUSTEE
	  	 	34	 
	 Section 7.1.
	 	Duties of Trustee	  	 	34	 
	 Section 7.2.
	 	Rights of Trustee	  	 	35	 
	 Section 7.3.
	 	May Hold Securities	  	 	37	 
	 Section 7.4.
	 	Trustee’s Disclaimer	  	 	37	 
	 Section 7.5.
	 	Notice of Defaults	  	 	37	 
	 Section 7.6.
	 	Compensation and Indemnity	  	 	38	 
	 Section 7.7.
	 	Replacement of Trustee	  	 	39	 
	 Section 7.8.
	 	Successor Trustee by Merger, etc.	  	 	40	 
	 Section 7.9.
	 	Eligibility; Disqualification	  	 	41	 
	 Section 7.10.
	 	Preferential Collection of Claims Against Company	  	 	41	 
	 ARTICLE VIII. DISCHARGE OF INDENTURE
	  	 	41	 
	 Section 8.1.
	 	Termination of Company’s Obligations	  	 	41	 
	 Section 8.2.
	 	Application of Trust Money	  	 	44	 
	 Section 8.3.
	 	Repayment to Company	  	 	44	 
	 Section 8.4.
	 	Reinstatement	  	 	45	 
	 ARTICLE IX. AMENDMENTS AND WAIVERS
	  	 	45	 
	 Section 9.1.
	 	Without Consent of Holders	  	 	45	 
	 Section 9.2.
	 	With Consent of Holders	  	 	46	 
	 Section 9.3.
	 	Limitations	  	 	47	 
	 Section 9.4.
	 	Form of Amendments	  	 	48	 
	 Section 9.5.
	 	Revocation and Effect of Consents	  	 	48	 
	 Section 9.6.
	 	Notation on or Exchange of Securities	  	 	48	 
	 Section 9.7.
	 	Trustee Protected	  	 	48	 
	 ARTICLE X. MISCELLANEOUS
	  	 	48	 
	 Section 10.1.
	 	Notices	  	 	48	 
	 Section 10.2.
	 	Communication by Holders with Other Holders	  	 	50	 
	 Section 10.3.
	 	Certificate and Opinion as to Conditions Precedent	  	 	50	 
	 Section 10.4.
	 	Statements Required in Certificate or Opinion	  	 	50	 
	 Section 10.5.
	 	Rules by Trustee and Agents	  	 	51	 
	 Section 10.6.
	 	Legal Holidays	  	 	51	 

  
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	 Section 10.7.
	 	No Personal Liability of Directors, Officers, Employees and Certain Others	  	 	51	 
	 Section 10.8.
	 	Counterparts	  	 	51	 
	 Section 10.9.
	 	Governing Laws	  	 	51	 
	 Section 10.10.
	 	No Adverse Interpretation of Other Agreements	  	 	51	 
	 Section 10.11.
	 	Successors	  	 	52	 
	 Section 10.12.
	 	Severability	  	 	52	 
	 Section 10.13.
	 	Table of Contents, Headings, Etc.	  	 	52	 
	 Section 10.14.
	 	Judgment Currency	  	 	52	 
	 Section 10.15.
	 	English Language	  	 	52	 
	 Section 10.16.
	 	Submission to Jurisdiction; Appointment of Agent	  	 	53	 
	 Section 10.17.
	 	Waiver of Immunity	  	 	53	 
	 Section 10.18.
	 	Waiver of Jury Trial	  	 	53	 
	 Section 10.19.
	 	Conflict with Trust Indenture Act	  	 	54	 

  
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 Indenture dated as of January 11, 2019, between Colfax Corporation (the
“Company”) and U.S. Bank National Association, as trustee (the “Trustee”). 
 Each party agrees as follows
for the benefit of the other parties and for the equal and ratable benefit of the Holders (as defined below) of the Securities (as defined below) issued under this Indenture. 

ARTICLE I. 
 DEFINITIONS AND
INCORPORATION BY REFERENCE 
 Section 1.1. Definitions. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
common control with such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any
Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities or by agreement or otherwise. 

“Agent” means any Registrar, Paying Agent or Transfer Agent or any other agent appointed pursuant to this Indenture. 

“Board of Directors” means the Board of Directors of the Company, or any duly authorized committee thereof. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certification and delivered to the Trustee. 

“Business Day” means, with respect to any Series, unless otherwise specified in the terms of such Securities established in
accordance with Section 2.1 by Board Resolution, Officer’s Certificate or supplemental indenture for a particular Series, any day except a Saturday, Sunday or a Legal Holiday in the Borough of Manhattan, The City of New York on which
Federal or State banking institutions are authorized or required by law, regulation or executive order to close. 
 “Capital
Stock” means (1) in the case of a corporation, corporate stock; (2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate
stock; (3) in the case of a partnership or limited liability company, partnership interests (whether general or limited) or membership interests; and (4) any other interest or participation that confers on a Person the right to receive a
share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any right of participation
with Capital Stock. 
 “Certificated Securities” means definitive Securities in registered
non-global certificated form. 

 “Company” means Colfax Corporation until a successor replaces it and
thereafter means the successor. 
 “Company Order” or “Company Request” means a written order signed in
the name of the Company by one of the Company’s Officers. 
 “Consolidated Net Worth” means the amount of total
stockholders’ equity shown in the Company’s most recent quarterly consolidated statement of financial position. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall
be principally administered, which, as of the date hereof is the address set forth in Section 10.1, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust
office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 

“Default” means any event which is, or after notice or passage of time or both would be, an Event of Default. 

“Depositary” means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or
more Global Securities, the Person designated as Depositary for such Series by the Company which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one such Person,
“Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” or
“$” means the currency of the United States of America. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “GAAP” means accounting principles generally accepted in the United States of America set forth
in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other
entity as have been approved by a significant segment of the accounting profession, which are in effect from time to time. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

  
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 “Government Obligations” means securities which are (i) direct
obligations of the United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the
payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, and which in the case of (i) and (ii) are not callable or redeemable at the option of the issuer thereof, and shall also
include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of
the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian
with respect to the Government Obligation evidenced by such depository receipt. 
 “Holder” or
“Securityholder” means a Person in whose name a Security is registered in the register maintained by the Registrar. 

“Indenture” means this Indenture as amended or supplemented from time to time and shall include the form and terms of
particular Series of Securities established as contemplated hereunder. 
 “Issue Date” means, with respect to any Security,
the date of original issuance of such Security. 
 “Maturity,” when used with respect to any Security, means the date on
which the principal of such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

“Mortgage” means and includes any mortgage, pledge, lien, security interest, conditional sale or other title retention
agreement or other similar encumbrance. 
 “Non-recourse Debt” means indebtedness
as to which (a) neither the Company, nor any of its Subsidiaries (x) provides credit support of any kind or (y) is directly or indirectly liable as a guarantor or otherwise and (b) as to which the lenders have been notified in
writing that they will not have any recourse to the stock or assets of the Company or any of its Subsidiaries. 
 “Officer”
means the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, President, any Vice-President, the Treasurer, a Director, the Chairman, the Secretary, any Assistant Treasurer or any Assistant Secretary of the Company. 

“Officer’s Certificate” means a certificate signed by an Officer of the Company. 

“Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the Trustee. The counsel may be a direct
or indirect employee of or counsel to the Company. 
 “Periodic Offering” means an offering of Securities of a Series from
time to time, during which any or all of the specific terms of the Securities, including the rate or rates of interest, if any, thereon, the maturity or maturities thereof and the redemption provisions, if any, with respect thereto, are to be
determined by the Company or its agents upon the issuance of such Securities in accordance with the terms of the relevant supplemental indenture. 

  
 3 

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

“principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any
Additional Amounts with respect to, the Security. 
 “Responsible Officer” means any officer of the Trustee in its
Corporate Trust Office directly responsible for the administration of this Indenture or, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and
familiarity with a particular subject. 
 “Restricted Property” means any real property, manufacturing plant, warehouse,
office building or other physical facility, or any item of marine, transportation or construction equipment or other like depreciable assets of the Company or any of its Restricted Subsidiaries, whether owned on or acquired after the Issue Date of
the Securities of any Series, unless, in the opinion of the Board of Directors, such plant or facility or other asset is not of material importance to the total business conducted by the Company and its Restricted Subsidiaries taken as a whole. 

“Restricted Security”, with respect to any Series of Securities, means a Security of such Series, unless or until it has been
(i) effectively registered under the Securities Act and disposed of in accordance with a registration statement with respect to such Series or (ii) distributed to the public pursuant to Rule 144 under the Securities Act or any similar
provision then in force. 
 “Restricted Subsidiary” means any Subsidiary of the Company which owns a Restricted Property.

 “SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered
under this Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended. 

“Series” or “Series of Securities” means each series of Securities of the Company created pursuant to
Sections 2.1 and 2.2 hereof. 
 “Stated Maturity” when used with respect to any Security, means the date specified in such
Security as the fixed date on which the principal of such Security or interest is due and payable. 
 “Subsidiary” means,
with respect to any specified Person, (a) any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock 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, managers or trustees of the corporation, association or other business entity is at the time owned
or controlled, directly or indirectly, by that Person or one or more of 

  
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the other subsidiaries of that Person (or a combination thereof); and (b) any partnership or limited liability company of which (x) more than 50% of the capital accounts, distribution
rights, total equity and voting interests or general and limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other subsidiaries of that Person or a combination thereof,
whether in the form of membership, general, special or limited partnership interests or otherwise, and (y) such Person or any subsidiary of such Person is a controlling general partner or otherwise controls such entity. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a
successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one
such Person, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

“Unrestricted Securities”, with respect to any Series of Securities, means a Security (i) effectively registered under
the Securities Act and disposed of in accordance with a registration statement with respect to such Series or (ii) distributed to the public pursuant to Rule 144 under the Securities Act or any similar provision then in force. 

Section 1.2. Other Definitions. 
  

					
	 TERM
	  	DEFINED IN
SECTION	 
	 “Additional Amounts”
	  	 	4.6	(a) 
	 “Bankruptcy Law”
	  	 	6.1	 
	 “Company Tax Jurisdiction”
	  	 	4.6	(a) 
	 “covenant defeasance”
	  	 	8.1	(b) 
	 “Custodian”
	  	 	6.1	 
	 “Event of Default”
	  	 	6.1	 
	 “Judgment Currency”
	  	 	10.14	 
	 “legal defeasance”
	  	 	8.1	(c) 
	 “Legal Holiday”
	  	 	10.6	 
	 “New York Banking Day”
	  	 	10.14	 
	 “Paying Agent”
	  	 	2.4	 
	 “Process Agent”
	  	 	10.16	 
	 “Registrar”
	  	 	2.4	 
	 “Related Proceeding”
	  	 	10.16	 
	 “Required Currency”
	  	 	10.14	 
	 “Taxes”
	  	 	4.6	(a) 
	 “Tax Redemption Date”
	  	 	3.10	 
	 “Tax Jurisdiction”
	  	 	4.6	(a) 
	 “TIA”
	  	 	7.10	 
	 “Transfer Agent”
	  	 	2.4	 

  
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 Section 1.3. Rules of Construction. 

Unless the context otherwise requires: 

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

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

(c) “or” is not exclusive and “including” means including without limitation; 

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

(e) provisions apply to successive events and transactions. 

ARTICLE II. 
 THE SECURITIES 

Section 2.1. Issuable in Series. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more Series. All Securities of a Series shall be identical except as may be set forth in, or pursuant to a Board Resolution, Officer’s Certificate or supplemental indenture establishing the terms of such Series of Securities.

 Section 2.2. Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of
Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.28) by or pursuant to a Board Resolution, Officer’s Certificate or supplemental indenture: 

2.2.1. the title of the Series of Securities (which shall distinguish the Securities of that particular Series from the Securities of any other
Series); 
 2.2.2. any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered
under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6); 

2.2.3. the date or dates on which the principal and premium, if any, of the Securities of the Series is payable; 

  
 6 

 2.2.4. the rate or rates, which may be fixed or variable, at which the Securities of the
Series shall bear interest or the manner of calculation of such rate or rates, if any, including any procedures to vary or reset such rate or rates, and the basis upon which interest will be calculated if other than that of a 360-day year or twelve 30-day months; 
 2.2.5. the date or dates
from which interest shall accrue, the dates on which such interest will be payable or the manner of determination of such dates, and the record date for the determination of holders to whom interest is payable on any such dates; 

2.2.6. the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the Securities
of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company with respect to the Securities of such Series and this Indenture may be served, and the method of such payment, if by
wire transfer, mail or other means if other than as set forth in this Indenture; 
 2.2.7. the right, if any, to extend the interest payment
periods or defer the payment of interest and the duration of such extension or deferral; 
 2.2.8. if applicable, the period or periods
within which, the price or prices at which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company if other than as set forth in this Indenture; 

2.2.9. the obligation, if any, of the Company to redeem or purchase, if other than as set forth herein, the Securities of the Series pursuant
to any sinking fund or analogous provisions, including payments made in cash in anticipation of future sinking fund obligations, or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms
and conditions upon which Securities of the Series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 

2.2.10. the terms of any repurchase or remarketing rights; 

2.2.11. if other than denominations of $2,000 or integral multiples of $1,000 in excess thereof, the denominations in which the Securities of
the Series shall be issuable; 
 2.2.12. the forms of the Securities of the Series including the form of the Trustee’s certificate of
authentication for such Series; 
 2.2.13. any trustees, authenticating agents or paying agents with respect to the Securities of the Series,
if different from those set forth in this Indenture; 
 2.2.14. if the Securities of the Series shall be issued in whole or in part in the
form of a Global Security or Securities, the type of Global Security to be issued; the terms and conditions, if different from those contained in this Indenture, upon which such Global Security or Securities may be exchanged in whole or in part for
other individual Securities in definitive registered form; the Depositary for such Global Security or Securities; and the form of any legend or legends to be borne by any such Global Security or Securities in addition to or in lieu of the legend
referred to in Section 2.14.2; 
 2.2.15. any provisions granting special rights to Holders when a specified event occurs; 

  
 7 

 2.2.16. if the amount of principal of or any premium or interest on Securities of any Series
may be determined with reference to an index or pursuant to a formula, the manner in which such amounts will be determined; 
 2.2.17. any
special tax implications of the Securities, including provisions for original issue discount securities, if offered; 
 2.2.18. whether and
upon what terms Securities of the Series may be defeased if different from the provisions set forth in this Indenture; 
 2.2.19. with regard
to the Securities of any Series that do not bear interest, the dates for certain required reports to the Trustee; 
 2.2.20. whether the
Securities of any Series will be issued as Unrestricted Securities or Restricted Securities, and, if issued as Restricted Securities, the rule or regulation promulgated under the Securities Act in reliance on which they will be sold; 

2.2.21. any guarantees on the Securities of the Series; 

2.2.22. the currency or currencies in which payment of the principal of, premium, if any, and interest on, the Securities of the Series shall
be payable; 
 2.2.23. if the principal amount payable at the Stated Maturity of Securities of the Series will not be determinable as of any
one or more dates prior to such Stated Maturity, the amount which will be deemed to be such principal amount as of any such date for any purpose, including the portion of the principal amount thereof that will be due and payable upon declaration of
acceleration of the maturity thereof pursuant to Section 6.2 or upon any maturity other than the Stated Maturity or that will be deemed to be outstanding as of any such date, or, in any such case, the manner in which such deemed principal
amount is to be determined; 
 2.2.24. the provisions, if any, relating to any security provided for the Securities of the Series; 

2.2.25. any additional restrictive covenants or Events of Default that will apply to the Securities of the Series, or any changes to the
restrictive covenants set forth in Article IV or the Events of Default set forth in Section 6.01 that will apply to the Securities of the Series, which may consist of establishing different terms or provisions from those set forth in
Article IV or Section 6.01 or eliminating any such restrictive covenant or Event of Default with respect to the Securities of the Series; 

2.2.26. any Depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such
Series if other than those appointed herein; 
 2.2.27. whether the Securities of the Series will be convertible into or exchangeable for
other Securities, common shares or other securities of any kind of the Company or another obligor, and, if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, including the initial conversion or exchange
price or rate or the 

  
 8 

 
method of calculation, how and when the conversion price or exchange ratio may be adjusted, whether conversion or exchange is mandatory, at the option of the holder or at the Company’s
option, the conversion or exchange period, and any other provision in addition to or in lieu of those described herein; and 
 2.2.28. any
and all additional, eliminated or changed terms that shall apply to the Securities of the Series, including any terms that may be required by or advisable under United States laws or regulations, including the Securities Act and the rules and
regulations promulgated thereunder, or advisable in connection with the marketing of Securities of that Series. 
 All Securities of any one
Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, Officer’s Certificate or supplemental indenture referred to
above. 
 Section 2.3. Execution and Authentication. 

An Officer of the Company shall sign the Securities for the Company by manual or facsimile signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating
agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any
time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, Officer’s Certificate or supplemental indenture, upon receipt by the Trustee of a Company Order. Each Security
shall be dated the date of its authentication unless otherwise provided by the relevant Board Resolution, Officer’s Certificate or supplemental indenture. 

Notwithstanding the provisions of Section 2.2 and the preceding paragraph, in the case of Securities offered in a Periodic Offering, the
Trustee shall authenticate and deliver such Securities from time to time in accordance with a Company Order or such other procedures acceptable to the Trustee as may be specified by or pursuant to a supplemental indenture or the written order of the
Company delivered to the Trustee prior to the time of the first authentication of Securities of such Series. 
 The aggregate principal
amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, Officer’s Certificate or supplemental indenture delivered pursuant to
Section 2.2. 
 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2)
shall be fully protected in relying on: (a) the Board Resolution, Officer’s Certificate or supplemental indenture establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of
that Series or of Securities within 

  
 9 

 
that Series, (b) an Officer’s Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4. With respect to Securities of a Series
subject to a Periodic Offering, the Trustee conclusively may rely, as to the authorization by the Company of any of such Securities, the forms and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the written
order of the Company, Opinion of Counsel, Officer’s Certificate and other documents delivered pursuant to this Section 2.3 at or prior to the time of the first authentication of Securities of such Series unless and until such written
order, Opinion of Counsel, Officer’s Certificate or other documents have been superseded or revoked, and written notice thereof is provided to Trustee, or expire by their terms. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised
by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a committee of Responsible Officers shall determine that such action would
expose the Trustee to personal liability. 
 The Trustee may appoint an authenticating agent to authenticate Securities. An authenticating
agent may authenticate Securities 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 the
Company or an Affiliate of the Company. 
 The Trustee’s certificate of authentication shall be in substantially the following form:

 “This is one of the Securities designated therein described in the within-mentioned Indenture. 

 

			
		 	 U.S. Bank National Association,

as Trustee

		
	By:	 	  

		 	Authorized Signatory”

 Section 2.4. Registrar, Paying Agent and Transfer Agent. 

The Company will maintain one or more paying agents (each, a “Paying Agent”) for the Securities in the Borough of Manhattan,
City of New York. The Company hereby appoints U.S. Bank National Association as the initial Paying Agent , and thereafter “Paying Agent” shall mean or include each Person who is then a Paying Agent hereunder, and if at any time
there is more than one such Person, “Paying Agent” as used with respect to the Securities of any Series shall mean the Paying Agent with respect to Securities of that Series. The Company, upon written notice to the Trustee
accompanied by an Officer’s Certificate, may appoint one or more paying agents, other than the Trustee, for all or any series of the Securities. If the Company fails to appoint or maintain another entity as paying agent, the Trustee shall act
as such. The Company or any of its Subsidiaries, upon notice to the Trustee, may act as paying agent. 

  
 10 

 The Company will maintain one or more registrars (each, a “Registrar”) for
the Securities in the Borough of Manhattan, City of New York. The Company hereby appoints U.S. Bank National Association as the initial Registrar , and thereafter “Registrar” shall mean or include each Person who is then a Registrar
hereunder, and if at any time there is more than one such Person, “Registrar” as used with respect to the Securities of any Series shall mean the Registrar with respect to Securities of that Series. The Company, upon written notice
to the Trustee accompanied by an Officer’s Certificate, may appoint one or more registrars, other than the Trustee, for all or any series of the Securities. If the Company fails to appoint or maintain another entity as registrar, the Trustee
shall act as such. The Company or any of its Subsidiaries, upon notice to the Trustee, may act as registrar. 
 The Company will also
maintain a transfer agent (each, a “Transfer Agent”) for the Securities in the Borough of Manhattan, City of New York. The Company hereby appoints U.S. Bank National Association as the initial Transfer Agent, and thereafter
“Transfer Agent” shall mean or include each Person who is then a Transfer Agent hereunder, and if at any time there is more than one such Person, “Transfer Agent” as used with respect to the Securities of any Series
shall mean the Transfer Agent with respect to Securities of that Series. The Company, upon written notice to the Trustee accompanied by an Officer’s Certificate, may appoint one or more transfer agents, other than the Trustee, for all or any
series of the Securities. If the Company fails to appoint or maintain another entity as transfer agent, the Trustee shall act as such. The Company or any of its Subsidiaries, upon notice to the Trustee, may act as transfer agent. 

The Company may change any Paying Agent, Registrar or Transfer Agent for its Securities without prior notice to the Holders. 

Section 2.5. Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent appointed by it other than the Trustee to agree in writing that the Paying Agent will hold in
trust, for the benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, 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 of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and
hold in a separate trust fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent. 

Section 2.6. Securityholder Lists. 

The Trustee, in its capacity as Registrar, shall preserve in as current a form as is reasonably practicable the most recent list available to
it of the names and addresses of Securityholders of each Series of Securities. If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten 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 Securityholders of each Series of Securities. 

  
 11 

 Section 2.7. Transfer and Exchange. 

2.7.1. Securities of any series may be exchanged upon presentation thereof at the Corporate Trust Office of the Trustee (except as otherwise
specified pursuant to Section 2.2) for other Securities of such series of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto,
all as provided in this Section 2.7. In respect of any Securities so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in exchange therefor the Security or Securities of
the same series that the Securityholder making the exchange shall be entitled to receive, bearing numbers not contemporaneously outstanding. 

2.7.2. The Registrar shall keep, or cause to be kept, at an office or agency designated for such purpose, a register or registers (herein
referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall register the Securities and the transfers of Securities as in this Article provided and which at all
reasonable times shall be open for inspection by the Trustee. 
 2.7.3. Upon surrender for transfer of any Security at the Corporate Trust
Office of the Trustee (except as otherwise specified pursuant to Section 2.2), the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in the name of the transferee or transferees a new Security or
Securities of the same series as the Security presented for a like aggregate principal amount. 
 2.7.4. All Securities presented or
surrendered for exchange or registration of transfer, as provided in this Section, shall be accompanied (if so required by the Company or the Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the
Registrar, duly executed by the registered holder or by such holder’s duly authorized attorney in writing. 
 2.7.5. No service charge
shall be made for any exchange or registration of transfer of Securities, or issue of new Securities in case of partial redemption of any series, but the Company and the Trustee may require payment of a sum sufficient to cover any tax or other
governmental charge in relation thereto, other than exchanges pursuant to Section 2.11, Section 3.6 and Section 9.6 not involving any transfer. 

2.7.6. The Company shall not be required (i) to issue, exchange or register the transfer of any Securities during a period beginning at
the opening of business 15 days before the day of the mailing of a notice of redemption of less than all the outstanding Securities of the same Series and ending at the close of business on the day of such mailing, nor (ii) to register the
transfer or exchange of any Securities of any series or portions thereof called for redemption. 
 2.7.7. The provisions of this
Section 2.7 are, with respect to any Global Security, subject to Section 2.14 hereof. 
 2.7.8. None of the Trustee, Registrar or
Paying Agent shall be responsible for ascertaining whether any transfer complies with, or for otherwise monitoring or determining compliance with, the requirements or terms of the Securities Act, applicable state securities laws, ERISA, the Code or
any other Applicable Law. 

  
 12 

 Section 2.8. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a
protected purchaser, the Company shall execute and upon receipt of a Company Order, the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like
tenor and principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen
Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

Upon the issuance of any new Security under this Section 2.8, the Company or Trustee may require the payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any Series issued pursuant to this Section 2.8 in lieu of any destroyed, lost or stolen Security shall constitute
an original additional contractual obligation of the Company whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately
with any and all other Securities of that Series duly issued hereunder. 
 The provisions of this Section 2.8 are exclusive and shall
preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 2.9. Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest on a Security, if applicable, effected by the Trustee in accordance with the provisions hereof and those described in this Section 2.9 as not outstanding. 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that
the replaced Security is held by a protected purchaser. 

  
 13 

 If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of
the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue. 

The Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or otherwise. A
Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. 
 In determining whether
the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding
for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 

Section 2.10. Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on
any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee knows are so owned shall be so disregarded. 

Section 2.11. Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a
Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the
Trustee upon request shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall have the same rights under this Indenture as the definitive
Securities. 
 Section 2.12. Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Agents shall forward to the Trustee any Securities
surrendered to them for registration of transfer, exchange or payment. Upon the receipt of a Company Order, the Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such
canceled Securities (subject to the Trustee’s record retention requirement and the record retention requirement of the Exchange Act) and deliver a certificate of such destruction to the Company unless the Company otherwise directs in writing.
The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 

  
 14 

 Section 2.13. Defaulted Interest. 

If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted
by law, any interest payable on the defaulted interest, to the Persons who are Securityholders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. The Company shall deliver to each
Securityholder of the Series at least 10 days before the record date, and to the Trustee at least 15 days before the record date, a notice that states the record date, the payment date and the amount of interest to be paid. The Company may pay
defaulted interest in any other lawful manner. 
 Section 2.14. Global Securities. 

2.14.1. Transfer and Exchange. The Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary with
respect to the Securities. The Company initially appoints the Trustee as custodian for DTC. Notwithstanding any provisions to the contrary contained in Section 2.7 of this Indenture and in addition thereto, any Global Security shall be
exchangeable pursuant to Section 2.7 of this Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary notifies the Company that it is unwilling or
unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a successor Depositary registered as a
clearing agency under the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that such Global Security shall be so exchangeable. Any Global Security
that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security
with like tenor and terms. 
 Except as provided in this Section 2.14.1, a Global Security may not be transferred except as a whole by
the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a
nominee of such a successor Depositary. 
 Neither the Trustee nor any Agent shall have any obligation or duty to monitor, determine or
inquire as to compliance with any tax or securities laws with respect to any restrictions on transfer imposed under this Indenture or under applicable law (including any transfers between or among Depositary participants, members or beneficial
owners in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same
to determine substantial compliance as to form with the express requirements hereof. 
 2.14.2. Legend. Any Global Security issued
hereunder shall bear a legend in substantially the following form: 

  
 15 

 “THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE, AND 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 ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE
TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.” 
 2.14.3. Acts of Holders. The Depositary, as a Holder,
may appoint agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under this Indenture. 

2.14.4. Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by
Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof, which in the case of a Depositary therefore will be made in accordance with its applicable procedures. 

2.14.5. Holders. The Company, the Trustee and each Agent shall treat the Person in whose name any Security is registered in the register
maintained by the Registrar as the Holder for all purposes including for purposes of obtaining any consents, declarations, waivers or directions permitted or required to be given by the Holders pursuant to this Indenture. 

2.14.6. None of the Trustee or any Agent shall have any responsibility or obligation to any beneficial owner of an interest in a Global
Security, a member of, or a participant in, the Depositary or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Securities
or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount or delivery of any Securities (or other security
or property) under or with respect to such Securities. All notices and communications to be given to the Holders and all payments to be made to Holders with respect to the Securities shall be given or made only to or upon the order of the registered
Holders (which shall be the Depositary or its nominee in the case of a Global Security). The rights of beneficial owners in any Global Security shall be exercised only through the Depositary subject to the applicable rules and procedures of the
Depositary. The Trustee and each Agent may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any beneficial owners. 

Section 2.15. CUSIP Numbers. 

The Company in issuing the Securities may use “CUSIP,” “ISIN” and or “Common Code” numbers (if then generally in
use), and, if so, the Trustee shall use “CUSIP,” “ISIN” and or “Common Code” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as
to the correctness of such numbers 

  
 16 

 
either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any
such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly inform the Trustee of any change in the CUSIP, ISIN or Common Code numbers. 

ARTICLE III. 
 REDEMPTION 

Section 3.1. Notice to Trustee; No Liability for Calculations. 

The Company may, with respect to any Series of Securities, reserve the right to redeem and pay such Series of Securities or may covenant to
redeem and pay such Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in Sections 3.9 and 3.10 hereof or, as applicable, in the Board Resolution, Officer’s Certificate
or supplemental indenture relating to such Series. If a Series of Securities is redeemable pursuant to this Article III and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities
pursuant to the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of Series of Securities to be redeemed at least 40 days before a redemption date (or such shorter notice as may be
acceptable to the Trustee). The Trustee shall have no liability with respect to or obligation to calculate the redemption price of any Securities to be redeemed pursuant to this Indenture. 

Section 3.2. Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, Officer’s Certificate or a supplemental indenture, if less than
all of the Securities of a Series are to be redeemed at any time, the Trustee will select the Securities of a Series to be redeemed on a pro rata basis (or, in the case of Securities issued in global form based on a method that most nearly
approximates a pro rata selection as the Trustee deems fair and appropriate) unless otherwise required by law or applicable stock exchange or Depositary requirements. The Trustee will not be liable for selections made by it as contemplated in
this section. 
 No Securities of a Series in principal amount of $2,000 or less can be redeemed in part. 

Notices of purchase or redemption will be given to each Holder pursuant to Section 3.3 and Section 10.1. 

Section 3.3. Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, Officer’s Certificate or supplemental indenture, at least 30 days
but not more than 60 days before a redemption date, the Company will deliver a notice of redemption to each Holder whose Securities are to be redeemed in accordance with Section 10.1, except that redemption notices may be given more than 60
days prior to a redemption date if the notice is issued in connection with a defeasance of the Securities or a satisfaction and discharge of this Indenture pursuant to Article VIII hereof. 

  
 17 

 The notice shall identify the Securities to be redeemed and corresponding CUSIP, ISIN or
Common Code numbers, as applicable, and will state: 
 (a) the redemption date; 

(b) the redemption price and the amount of accrued interest, if any, and Additional Amounts, if any, to be paid; 

(c) if any Global Security is being redeemed in part, the portion of the principal amount of such Global Security to be
redeemed and that, after the redemption date upon surrender of such Global Security, the principal amount thereof will be decreased by the portion thereof redeemed pursuant thereto; 

(d) if any Certificated Security is being redeemed in part, the portion of the principal amount of such Security to be
redeemed, and that, after the redemption date, upon surrender of such Security, a new Certificated Security or Certificated Securities in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon
cancellation of the original Certificated Security; 
 (e) the name and address of the Paying Agent(s) to which the
Securities are to be surrendered for redemption; 
 (f) that Securities called for redemption must be surrendered to the
relevant Paying Agent to collect the redemption price, plus accrued and unpaid interest, if any, and Additional Amounts, if any; 

(g) that, unless the Company defaults in making such redemption payment, interest and Additional Amounts, if any, on Securities
called for redemption cease to accrue on and after the redemption date; 
 (h) that Securities of the Series called for
redemption must be surrendered to the Paying Agent to collect the redemption price; 
 (i) the paragraph of the Securities
and/or Section of this Indenture pursuant to which the Securities called for redemption are being redeemed; and 
 (j) that
no representation is made as to the correctness or accuracy of the CUSIP, ISIN or Common Code numbers, if any, listed in such notice or printed on the Securities. 

At the Company’s written request, the Trustee shall 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 40 days prior to the 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. 

  
 18 

 Section 3.4. Effect of Notice of Redemption. 

Once notice of redemption is mailed or published as provided in Section 3.3, Securities of a Series called for redemption become due and
payable on the redemption date and at the redemption price. Unless otherwise indicated for a particular Series by Board Resolution, Officer’s Certificate or supplemental indenture, a notice of redemption may not be conditional. Upon surrender
to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 
 On or after any
purchase or redemption date, unless the Company defaults in payment of the purchase or redemption price, interest shall cease to accrue on Securities or portions thereof tendered for purchase or called for redemption. 

Section 3.5. Deposit of Redemption Price. 

On or before 10:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money in immediately
available funds sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

Section 3.6. Securities Redeemed in Part. 

Upon surrender of a Certificated Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Certificated Security
of the same Series and the same maturity equal in principal amount to the unredeemed portion of the Security surrendered. 
 In relation to
Certificated Securities, a new Security in principal amount equal to the unpurchased or unredeemed portion of any Security purchased or redeemed in part will be issued in the name of the Holder thereof upon cancellation of the original Certificated
Security. 
 Section 3.7. Sinking Fund. 

Unless otherwise indicated for a particular Series by Board Resolution, Officer’s Certificate or supplemental indenture, the provisions of
Sections 3.7, 3.8 and 3.9 shall be applicable to any sinking fund for the retirement of Securities of a Series. 
 The minimum amount of any
sinking fund payment provided for by the terms of Securities of any series is referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is
referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 3.8. Each sinking fund payment
shall be applied to the redemption of Securities of any Series as provided for by the terms of Securities of such Series. 

Section 3.8. Satisfaction of Sinking Fund Payments with Securities.  

The Company (i) may deliver outstanding Securities of a Series other than any Securities previously called for redemption and
(ii) may apply as a credit Securities of a Series that have been redeemed either at the election of the Company pursuant to the terms of such Securities 

  
 19 

 
or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with
respect to the Securities of such Series required to be made pursuant to the terms of such Securities, provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee
at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

Section 3.9. Redemption of Securities for Sinking Fund. 

Not less than 40 days prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an
Officer’s Certificate specifying the amount of the next ensuing sinking fund payment for that Series pursuant to the terms of the Series, the portion thereof, if any, that is to be satisfied by payment of cash in the currency in which the
Securities of such Series are denominated (except as provided pursuant to Section 2.2), the portion thereof, if any, that is to be satisfied by delivering and crediting Securities of that Series pursuant to Section 3.8 and the basis for
such credit. Together with such Officer’s Certificate, the Company will deliver to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be
redeemed upon such sinking fund payment date in the manner specified in Section 3.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.3. 

Section 3.10. Redemption Upon Changes in Tax Law. 

The Company may redeem the Securities, in whole but not in part, at its discretion at any time upon giving notice to the Holders of such of the
Securities in accordance with Section 3.3 (which notice will be irrevocable), at a redemption price equal to 100% of the aggregate principal amount thereof, together with accrued and unpaid interest, if any, to the date fixed by the Company for
redemption (a “Tax Redemption Date”) and all Additional Amounts (if any) then due and which will become due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders of such Securities on
the relevant record date to receive interest due on the relevant interest payment date and Additional Amounts (if any) in respect thereof), if on the next date on which any amount would be payable with respect to such Securities, the Company is or
would be required to pay Additional Amounts, and the Company cannot avoid any such payment obligation by taking reasonable measures available, and the requirement arises as a result of: 

(a) any amendment to, or change in, the laws (or any regulations or rulings promulgated thereunder) of a relevant Tax
Jurisdiction which change or amendment becomes effective on or after the Issue Date (or, if the applicable Tax Jurisdiction became a Tax Jurisdiction on a date after the Issue Date, such later date), or 

(b) any amendment to, or change in, an official interpretation or application of such laws, regulations or rulings (including
by virtue of a holding, judgment, order by a court of competent jurisdiction or a change in published administrative practice) which amendment or change becomes effective on or after the Issue Date (or, if the applicable Tax Jurisdiction became a
Tax Jurisdiction on a date after the Issue Date, such later date). 

  
 20 

 The Company, as applicable, will not give any such notice of redemption earlier than 90 days
prior to the earliest date on which the Company would be obligated to make such payment or withholding if a payment with respect to the applicable Securities was then due, and the obligation to pay Additional Amounts must be in effect at the time
such notice is given. Prior to the publication or, where relevant, mailing of any notice of redemption of the Securities pursuant to the foregoing, the Company will deliver to the Trustee an Opinion of Counsel of independent tax counsel to the
effect that there has been such amendment or change which would entitle the Company to redeem such Securities hereunder. In addition, before the Company publishes or mails notice of redemption of such Securities as described above, it will deliver
to the Trustee an Officer’s Certificate to the effect that it cannot avoid its obligation to pay Additional Amounts by taking reasonable measures available to the Company. 

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

The foregoing will apply mutatis mutandis to any jurisdiction in which any successor Person to the Company is incorporated or
organized, or any jurisdiction from or through which payment is made by or on behalf of such Person on the Securities and any political subdivision thereof or therein. 

ARTICLE IV. 
 COVENANTS 

Section 4.1. Payment of Principal, Premium and Interest. 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the principal
of, premium, if any, and interest, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before 10:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the
Paying Agent money sufficient to pay the principal of, premium, if any, and interest on the Securities of each such Series in accordance with the terms of such Securities and this Indenture. 

  
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 Section 4.2. Compliance Certificate. 

The Company shall deliver to the Trustee, within 120 days after the end of its fiscal year (which as of the date of this Indenture is
December 31, or if the fiscal year with respect to the Company is changed so that it ends on a date other than December 31, such other fiscal year end date as the Company shall notify to the Trustee in writing) of the Company, 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 each such Officer signing such certificate, that to his/her knowledge the Company is not in default in the performance or observance of any of
the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he may have knowledge and what action the Company is taking or proposes to take with
respect thereto). Such Officer’s Certificate need not include a reference to any non-compliance that has been fully cured prior to the date as of which such certificate speaks. 

The Company will, so long as any of the Securities are outstanding, deliver to a Responsible Officer of the Trustee, within 30 days upon
becoming aware of any Default or Event of Default, an Officer’s Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

Section 4.3. Stay, Extension and Usury Laws. 

The Company 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, which may affect the covenants or the performance of this Indenture or the Securities; and the Company (to the
extent 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 4.4. Corporate
Existence. 
 Subject to Article V, the Company will do or cause to be done all things necessary to preserve and keep in full
force and effect its corporate existence and rights (charter and statutory); provided, however, that the Company shall not be required to preserve any such right if its Board of Directors shall determine that the preservation thereof
is no longer desirable in the conduct of its business and its Subsidiaries taken as a whole and that the loss thereof is not adverse in any material respect to the Holders of the Securities. 

Section 4.5. Limitation on Liens. 

The Company will not, and will not permit any of its respective Subsidiaries to, incur, issue, assume or guarantee any notes, bonds, debentures
or other similar evidences of indebtedness for money borrowed, secured by a Mortgage on any Restricted Property, or on any shares of stock, ownership interests in, or indebtedness of a Restricted Subsidiary, without

  
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effectively providing concurrently with the incurrence, issuance, assumption or guarantee of such secured indebtedness that the Securities (together with, if the Company shall so determine, any
of its other indebtedness or the indebtedness of any such Restricted Subsidiary then existing or thereafter created ranking on a parity with the Securities) shall be secured equally and ratably with (or prior to) such secured indebtedness, so long
as such secured indebtedness shall be so secured, unless, after giving effect thereto, the aggregate amount of all such secured indebtedness (excluding any indebtedness secured by Mortgages of the types referred to in clauses (1) through (10)
below) would not exceed 20% of Consolidated Net Worth as shown on the Company’s most recent consolidated quarterly financial statements; provided, however, that these provisions shall not apply to: 

(a) Mortgages existing on the date of original issuance of the Securities; 

(b) Mortgages on property or assets of, or on any shares of stock, ownership interests in or indebtedness of, any Person
existing at the time such Person becomes a Subsidiary (including a Restricted Subsidiary) of the Company; 
 (c) Mortgages on
property or assets existing at the time of acquisition thereof (including acquisition through merger or consolidation) or to secure the payment of all or any part of the purchase price or cost of construction, development, expansion or improvement
thereof or to secure any indebtedness incurred prior to, at the time of, or within 12 months after, the acquisition or completion of construction, development, expansion or improvement of such property or assets or its commencement of commercial
operations for the purpose of financing all or any part of the purchase price or cost of construction, development, expansion or improvement thereof; 

(d) Mortgages in favor of the Company or any of its Subsidiaries; 

(e) the Mortgage of any of the Company’s property or assets or any property or assets of any of its Restricted
Subsidiaries in favor of the United States of America or any other sovereign entity, or any state, province or other political subdivision thereof, or any entity, department, agency, instrumentality or comparable authority thereof, to secure
partial, progress, advance or other payments pursuant to the provisions of any contract, statute, law, rule or regulation; 

(f) the Mortgage of any property or assets to secure indebtedness of the pollution control, industrial revenue or other revenue
bond type; 
 (g) Mortgages incurred or deposits made (including Mortgages and deposits securing letters of credit or similar
financial assurance) to secure the performance of or in connection with bids, tenders, statutory, governmental or private contractual or other obligations, surety, performance, completion, appeal or similar bonds, leases, return-of-money bonds and other obligations similar to any of the foregoing, in each case in the ordinary course of business; 

(h) Mortgages arising by operation of law, including but not limited to Mortgages for taxes, assessments or similar charges
that are not yet due or the validity of which is being contested in good faith by appropriate proceedings; 

  
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 (i) Mortgages created in connection with the acquisition of property or
assets, or a project financed with, Non-recourse Debt; and 
 (j) any extension,
renewal or replacement (or successive extensions, renewals or replacements), as a whole or in part, of any Mortgage referred to in the foregoing clauses, inclusive; provided, that such extension, renewal or replacement Mortgage shall be limited to
all or a part of the same property or assets that secured the Mortgage extended, renewed or replaced, plus improvements on such property or assets. 

Section 4.6. Additional Amounts. 

(a) All payments made by the Company under or with respect to the Securities will be made free and clear of and without
withholding or deduction for, or on account of, any present or future tax, duty, levy, assessment or other governmental charge, including any related interest, penalties or additions to tax (“Taxes”) unless the withholding or
deduction of such Taxes is then required by law or by interpretation or administration of law. If any deduction or withholding for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction in which the Company is
then incorporated or organized or any political subdivision thereof or therein (each, a “Company Tax Jurisdiction”) or (2) any jurisdiction from or through which payment is made by or on behalf of the Company (including the
jurisdiction of any Paying Agent for the applicable Securities) or any political subdivision thereof or therein (each, together with each Company Tax Jurisdiction, a “Tax Jurisdiction”) will at any time be required to be made from
any payments made by the Company under or with respect to the Securities, including payments of principal, redemption price, interest or premium, the Company will pay such additional amounts (the “Additional Amounts”) as may be
necessary in order that the net amounts received with respect to such payments by each holder of the applicable Securities after such withholding, deduction or imposition (including any such withholding, deduction or imposition from such Additional
Amounts) will equal the respective amounts that would have been received with respect to such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts will be payable with respect to: 

(1) any Taxes, to the extent such Taxes would not have been imposed but for the existence of any actual or deemed present or
former connection between the Holder or the beneficial owner of such Securities and the relevant Tax Jurisdiction (including being or having been a national, resident or citizen of, being or having been engaged in a trade or business in, being or
having been physically present in, or having or having had a permanent establishment in, such jurisdiction for Tax purposes), other than the holding of such Security, the enforcement of rights under such Security or the receipt of any payments with
respect to such Security; 
 (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of such
Security for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the
applicable Security been presented on the last day of such 30 day period); 

  
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 (3) any estate, inheritance, gift, sales, transfer, personal property or
similar Taxes; 
 (4) any Tax imposed on or with respect to any payment by the Company to the Holder if such Holder is a
fiduciary, partnership, limited liability company or other Person other than the sole beneficial owner of such payment to the extent that Taxes would not have been imposed on such payment had such Holder been the sole beneficial owner of such
Security; 
 (5) with respect to any Taxes imposed by the United States, any such Taxes imposed by reason of the failure of
such Holder to fulfill the statement requirements of Sections 871(h) or 881(c) of the Internal Revenue Code of 1986, as amended; 

(6) Taxes imposed on or with respect to a payment made to a Holder or beneficial owner of such Security who would have been
able to avoid such withholding or deduction by presenting such Security (where presentation is required) to another Paying Agent; 

(7) any Taxes payable other than by deduction or withholding from payments under, or with respect to, such Securities or the
Guarantee; 
 (8) any Taxes to the extent such Taxes are imposed or withheld by reason of the failure of the Holder or
beneficial owner of such Security, to comply with any written request of the Company addressed to the Holder or beneficial owner to satisfy any certification, identification, information or other reporting requirements, whether required by statute,
treaty, regulation or administrative practice of a relevant Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the relevant Tax Jurisdiction (including a certification
that the Holder or beneficial owner is not resident in such Tax Jurisdiction), but in each case, only to the extent the Holder or beneficial owner is legally entitled to provide such certification or documentation; or 

(9) any combination of items (1) through (8) of this Section 4.6(a). 

(b) In addition to the foregoing, the Company will also pay and indemnify the Holders for any present or future stamp, issue,
registration, court or documentary Taxes, or any other excise or property Taxes, charges or similar levies (including penalties, interest and any other reasonable expenses related thereto) which are levied by a relevant Tax Jurisdiction on the
execution, delivery, issuance, or registration of the Securities, or the related Indenture, or any other document or instrument referred to therein in connection with a transfer of such Securities at the time of the initial resale by the initial
purchasers. 

  
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 (c) If the Company becomes aware that it will be obligated to pay Additional
Amounts with respect to any payment under or with respect to the Securities, the Company will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises fewer
than 30 days prior to that payment date, in which case the Company shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The
Officer’s Certificate(s) must also set forth any other information reasonably necessary to enable the Paying Agents to pay such Additional Amounts to Holders on the relevant payment date. The Trustee shall be entitled to rely solely on such
Officer’s Certificate as conclusive proof that such payments are necessary. 
 (d) The Company will make all
withholdings and deductions required by law with respect to the Securities, and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Company will use its reasonable efforts to obtain
Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. Upon reasonable written request, the Company will furnish to the Trustee (or to a Holder or beneficial owner upon written request), within a reasonable
time after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Company or if, notwithstanding the Company’s efforts to obtain receipts, receipts are not obtained, other
evidence of payments (reasonably satisfactory to the Trustee). 
 (e) Whenever in this Indenture there is mentioned, in any
context, the payment of amounts based upon the principal amount of the Securities or of principal, interest or of any other amount payable under, or with respect to, any of the Securities, such mention shall be deemed to include mention of the
payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. 

The obligations in this Section 4.6 will survive any termination, defeasance or discharge of this Indenture, any transfer by a Holder or
beneficial owner of its Securities, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Company is incorporated or organized, or any jurisdiction from or through which payment is made by or on behalf of such
Person on the Securities and any political subdivision thereof or therein. 
 Section 4.7. Reports. 

(a) So long as any Securities are outstanding, the Company shall file with the Trustee, within 15 days after the Company files
with the SEC, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may from time to time by rules and regulations prescribe) that the Company may be required
to file with the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act. The Company shall be deemed to have complied with the previous sentence to the extent that such information, documents and reports are filed with the SEC via
EDGAR (or any successor electronic delivery procedure). 
 (b) Delivery of such reports, information and documents to the
Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s
compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

  
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 ARTICLE V. 

SUCCESSORS 
 Section 5.1.
Consolidation, Merger and Sale of Assets. 
 (a) The Company may not consolidate with or merge into any other
Person or transfer or lease all or substantially all of its assets to any Person unless any successor or purchaser expressly assumes its obligations under this Indenture and the Securities, by an indenture supplemental to this Indenture to which the
Company is a party to, and immediately after which, no Default or Event of Default, shall have happened and be continuing. An Officer’s Certificate and an Opinion of Counsel will be delivered to the Trustee, which will serve as conclusive
evidence of compliance with this Section 5.1. 
 (b) Upon any consolidation or merger or transfer or lease of all or
substantially all of the Company’s assets to any Person, as the case may be, the successor Person formed by such consolidation or into or with which the Company is merged or to which such transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of the Company under this Indenture with the same effect as if such successor Person has been named as the Company herein. In the event of any such transfer (other than a conveyance by way of
lease) the Company or any successor entity which shall theretofore have become such in the manner described in this Section 5.1(b), shall be discharged from all obligations and covenants under this Indenture and the Securities and may be
liquidated and dissolved. 
 ARTICLE VI. 

DEFAULTS AND REMEDIES 

Section 6.1. Events of Default. 

The following are “Events of Default” with respect to the Securities of any Series, unless in the establishing Board
Resolution, Officer’s Certificate or supplemental indenture, it is provided that such Series shall not have the benefit of said Event of Default: 

(a) failure to pay any interest on the Securities within 30 days after such interest becomes due and payable; 

(b) failure to pay principal of the Securities at maturity, or if applicable, the redemption price, when the same become due
and payable; 
 (c) failure to pay any sinking fund installment as and when the same shall become due and payable by the
terms of the Securities, and continuance of such default for a period of 30 days; 

  
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 (d) failure to comply with any of the covenants or agreements in the
Securities or this Indenture (other than an agreement or covenant that the Company has included in this Indenture solely for the benefit of another Series of Securities) for 90 days after written notice by the Trustee or by the Holders of at least
25% in principal amount of all outstanding debt securities affected by that failure; 
 (e) the Company pursuant to or within
the meaning of any Bankruptcy Law: 
 (1) commences a voluntary case, 

(2) consents to the entry of an order for relief against it in an involuntary case, 

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

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

(5) generally is unable to pay its debts as the same become due; or 

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

(1) is for relief against the Company in an involuntary case, 

(2) appoints a Custodian of the Company or for all or substantially all of its property, or 

(3) orders the liquidation of the Company, 

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

(g) any other Event of Default provided in the supplemental indenture or Board Resolution under which such Series of Securities
is issued or in the form of Security for such Series. 
 The term “Bankruptcy Law” means title 11, U.S. Code or any similar
Federal or State law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

A Default under one Series of Securities issued under this Indenture will not necessarily be a default under another Series of Securities
under this Indenture. 
 Section 6.2. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default for a Series of Securities occurs and is continuing (other than an Event of Default referred to in Section 6.1(e)
or (f)), the Trustee or the Holders of at least 25% in principal amount of such Series of Securities may require the Company to pay immediately the principal amount plus accrued and unpaid interest on such Securities. If an Event of Default referred
to in Section 6.1(e) or (f) occurs, the principal amount plus accrued and unpaid interest on such Series of Securities will become immediately due and payable without any action on the part of the Trustee or any Holder. 

  
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 At any time after such a declaration of acceleration with respect to any Series has been
made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article VI provided, the Holders of a majority in principal amount of the outstanding Securities of that Series, by written
notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the
principal and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13. 

No such rescission shall affect any subsequent Default or impair any right consequent thereon. 

Section 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default
continues for a period of 30 days, or 
 (b) default is made in the payment of principal of any Security at the Maturity
thereof, or 
 (c) default is made in the deposit of any sinking fund payment when and as due by the terms of a Security,

 then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and
payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in such
Securities, and, in addition thereto, 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. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys
adjudged or deemed to be payable in the manner provided by law out of the property of the Company, or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement
of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

  
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 Section 6.4. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due
and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in
such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount of principal and interest owing and
unpaid with respect to the Securities and to file such 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 of the Holders allowed in such judicial proceeding, and 
 (b) to collect and
receive any moneys or other property payable or deliverable on any such claims and to distribute the same, 
 and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official 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 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 7.6. 

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 Securities or the rights of any Holder thereof or to authorize the Trustee to vote with respect to the claim of any Holder in any such proceeding. 

Section 6.5. Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of
any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after
provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities with respect to which such judgment has been
recovered. 

  
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 Section 6.6. Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article VI shall be applied in the following order, at the date or dates fixed by the
Trustee and, in case of the distribution of such money on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

First: To the payment of all amounts due the Trustee under Section 7.6; 

Second: To the payment of the amounts then due and unpaid for principal of, premium, if any, and interest on the Securities with respect to
which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest, respectively; and 

Third: To the Company. 

Section 6.7. Limitation on Suits. 

A Holder of Securities of any Series may pursue any remedy under this Indenture applicable to such Securities only if: 

(a) the Holder gives the Trustee written notice of a continuing Event of Default for such Series of Securities; 

(b) the Holders of at least 25% in principal amount of such outstanding Series of Securities make a written request to the
Trustee to pursue the remedy; 
 (c) the Holders furnish to the Trustee indemnity reasonably satisfactory to the Trustee
against the costs, expenses and liabilities which might be incurred by it in compliance with such request; 
 (d) the Trustee
fails to act for a period of 60 days after receipt of notice and furnishing of indemnity; and 
 (e) during that 60-day period, the Holders of a majority in principal amount of such Securities do not give the Trustee a direction inconsistent with the request. 

This provision does not, however, affect the right of a Holder of Securities to sue for enforcement of any overdue payment with respect to
such Securities. 
 Section 6.8. Unconditional Right of Holders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of
any such payment, and such rights shall not be impaired without the consent of such Holder. 

  
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 Section 6.9. Restoration of Rights and Remedies. 

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

Section 6.10. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8,
no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 Section 6.11. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article VI or by law to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.12. Control by
Holders. 
 The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to
direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that 

(a) such direction shall not be in conflict with any rule of law or with this Indenture, 

(b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and 

(c) the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a
Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability or that it will not be adequately indemnified against the costs, expenses and liabilities which might be incurred by it in
complying with such direction. 

  
 32 

 Section 6.13. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all the
Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such Series (provided, however, that the
Holders of a majority in principal amount of the outstanding Securities of any Series 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 6.14. Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of
the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding
in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Stated
Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date). 
 Section 6.15.
Sole Remedy for Event of Default Relating to Failure to Comply with Section 4.7 and Section 314(a)(1) of the Trust Indenture Act. 

Notwithstanding any other provision in this Indenture, to the extent elected by the Company, the sole remedy for an Event of Default relating
to the failure to comply with Section 4.7 and the failure to comply with the requirements of Section 314(a)(1) of the Trust Indenture Act will for the first 180 days after the occurrence of such an Event of Default consist exclusively of
the right to receive additional interest, at an annual rate of 0.25% of the principal amount of the Notes during the first 90 days of the occurrence of such Event of Default on the notes and 0.50% of the principal amount of the Notes from the 91st
day until the 180th day following the occurrence of such Event of Default on the Notes. 
 If the Company so elects, such additional
interest will be payable on all outstanding Notes on the date on which an Event of Default relating to a failure to comply with Section 4.7 first occurs, which will be the 60th day after notice to the Company of its failure to so comply. On the
180th day after such Event of Default (if the Event of Default relating to a failure to comply with Section 4.7 is not cured or waived prior to such 180th day), the Notes will be subject to acceleration as provided in Section 6.2. 

  
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 The provisions of this Section 6.15 will not affect the rights of Holders of Notes in
the event of the occurrence of any other Event of Default. In the event the Company does not elect to pay the additional interest upon an Event of Default in accordance with this Section 6.15, the Notes will be subject to acceleration as
provided in Section 6.2. 
 ARTICLE VII. 

TRUSTEE 
 Section 7.1.
Duties of Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise
such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in such exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 

(b) Except during the continuance of an Event of Default with respect to the Securities of any Series: 

 

	 	(1)	 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 shall examine such certificates and opinions to determine
whether, on their face, they appear to conform to the requirements of this Indenture. 

 (c) The Trustee
may not be relieved from liabilities for its own grossly negligent action, its own grossly 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 7.1; and

  

	 	(2)	 the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless
it is proved that the Trustee was grossly negligent in ascertaining the pertinent facts. 

 (d) Whether or
not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to the provisions of this Article VII. 

(e) No provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability or to take
any action hereunder that would violate applicable law binding upon it. The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity reasonably satisfactory to it against any loss, liability or expense. 

  
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 (f) The Trustee shall not be liable for interest on or investment of 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. All money received by the Trustee shall, until applied
as herein provided, be held in trust for the payment of the principal of, premium (if any) and interest on and Additional Amounts with respect to the Securities. The Trustee shall have no obligation to invest and reinvest any cash held in the by it
in the absence of timely and specific written investment direction from the Company. In the absence of timely written investment direction from the Company, the funds shall remain uninvested. In no event shall the Trustee be liable for the selection
of investments or for investment losses incurred thereon. The Trustee shall have no liability in respect of losses incurred as a result of the liquidation of any investment prior to its stated maturity. 

Section 7.2. Rights of Trustee. 

(a) The Trustee may conclusively rely and shall be fully protected in acting or refraining from acting, upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, note, debenture or other paper or 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 any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, security or other paper or document. 

(b) Before the Trustee acts or refrains from acting, it may require instruction, an Officer’s Certificate or an Opinion of
Counsel or both to be provided. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such instruction, Officer’s Certificate or Opinion of Counsel. The Trustee may consult with counsel,
accountants, and other professionals and the written advice of such counsel, accountants, other professionals, or any Opinion of Counsel shall be full and complete authorization and protection with respect to any action taken, suffered or omitted by
it hereunder in good faith and in reliance thereon. 
 (c) The Trustee may act through agents, attorneys, custodians or
nominees and shall not be responsible for the misconduct or negligence of any agent, attorney, custodian or nominee appointed with due care. 

(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized
or within its rights or powers conferred upon it by this Indenture or with respect to any action it takes or omits to take in good faith in accordance with a direction received by it from the Holders of a majority in aggregate principal amount of
the relevant Series of Securities and in no event shall the Trustee be responsible for any liability hereunder in the absence of its own gross negligence, willful misconduct or bad faith. 

  
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 (e) Unless otherwise specifically provided in this Indenture, any demand,
request, direction or notice from the Company shall be sufficient if signed by an Officer of the Company. 
 (f) Anything in
this Indenture to the contrary notwithstanding, in no event shall the Trustee be liable under or in connection with this Indenture for indirect, special, incidental, punitive or consequential losses or damages of any kind whatsoever, including but
not limited to lost profits, whether or not foreseeable, even if the Trustee has been advised of the possibility thereof and regardless of the form of action in which such damages are sought. 

(g) The Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Indenture at the
request, order or direction of any of the Holders of Securities pursuant to the provisions of this Indenture, unless such Holders of Securities shall have offered to the Trustee, security or indemnity reasonably satisfactory to the Trustee against
the costs, expenses and liabilities which might be incurred therein or thereby. 
 (h) The Trustee shall not be deemed to
have notice of any Event of Default with respect to the Securities unless a Responsible Officer of the Trustee has received written notice of any event which is in fact such a default and such notice references the Securities and this Indenture.

 (i) The Trustee may at any time request, and the Company shall deliver an Officer’s Certificate setting forth the
specimen signatures and the names of individuals and/or titles of Officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any Person authorized to sign an
Officer’s Certificate, including any Person specified as so authorized in any such certificate previously delivered and not superseded. 

(j) Notwithstanding any provision herein to the contrary, in no event shall the Trustee be liable for any failure or delay in
the performance of its obligations under this Indenture because of circumstances beyond its control, including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, strikes or work stoppages for any
reason, embargo, government action, including any laws, ordinances, regulations or the like which restrict or prohibit the providing of the services contemplated by this Indenture, inability to obtain material, equipment, or communications or
computer facilities, or the failure of equipment or interruption of communications or computer facilities, and other causes beyond its control whether or not of the same class or kind as specifically named above. 

(k) The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, each Agent, and each other agent, custodian and other Person employed to act hereunder; provided, however, that no Agent shall be subject to a prudent man
standard if an Event of Default has occurred and is continuing. 

  
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 (l) The permissive rights and powers of the Trustee enumerated herein shall
not be construed as duties. 
 (m) Any request or direction of the Company mentioned herein shall be sufficiently evidenced
by a Company Request or Company Order (other than delivery of any Note to the Trustee for authentication and delivery pursuant to Section 2.3, which shall be sufficiently evidenced as provided therein) and any resolution of the Board of
Directors of the Company may be sufficiently evidenced by a Board Resolution. 
 (n) If at any time the Trustee is served
with any arbitral, judicial or administrative order, judgment, award, decree, writ or other form of arbitral, judicial or administrative process which in any way affects this Indenture, the Notes or any part thereof or funds held by it (including,
but not limited to, orders of attachment or garnishment or other forms of levies or injunctions), it shall forward a copy of such arbitral, judicial or administrative order, judgment, award, decree, writ or other form of arbitral, judicial or
administrative process to the Company (to the extent not prohibited by applicable law); and if the Trustee complies with any such arbitral, judicial or administrative order, judgment, award, decree, writ or other form of arbitral, judicial or
administrative process, the Trustee shall not be liable to any of the parties hereto or to any other person or entity even though such order, judgment, award, decree, writ or process may be subsequently modified or vacated or otherwise determined to
have been without legal force or effect. 
 Section 7.3. May Hold Securities. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or
any of its Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights and duties. However, the Trustee is subject to Sections 7.9 and 7.10. 

Section 7.4. Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity, sufficiency or adequacy of any offering materials, this Indenture or the Securities, it
shall not be accountable for the Company’s use of the proceeds from the Securities or any money paid to the Company or upon the Company’s direction under any provision hereof, it shall not be responsible for any statement or recital herein
or any statement in any offering materials or the Securities other than its certificate of authentication. 
 Section 7.5. Notice of
Defaults. 
 If a Default or Event of Default with respect to the Securities of any Series occurs and is continuing and it is
actually known to a Responsible Officer of the Trustee (pursuant to the terms of Section 7.2(h) hereof), the Trustee shall mail to Holders of Securities of such Series a notice of the Default or Event of Default within 90 days after it occurs.
Except in the case of a Default or Event of Default in payment of principal of, premium (if any) and interest on and Additional Amounts or any sinking fund installment with respect to the Securities of such Series, the Trustee may withhold the
notice if and so long as a Responsible Officer in good faith determines that withholding the notice is in the interests of Holders of Securities of such Series to do so. 

  
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 Section 7.6. Compensation and Indemnity. 

The Company agrees to pay to the Trustee for its acceptance of this Indenture and services hereunder such compensation as the Company and the
Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company agrees to reimburse the Trustee upon request for all reasonable
disbursements, advances and expenses incurred by it. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

The Company hereby indemnifies the Trustee from, and hold it harmless against any damage, cost, claim, loss, liability or expense (including
the reasonable fees and expenses of the Trustee’s agents and counsel) incurred by it arising out of or in connection with its acceptance and administration of the trusts set forth under this Indenture, the performance of its obligations and/or
the exercise of its rights hereunder and in any other document related hereto, including the reasonable costs and expenses of defending itself against any claim, except as set forth in the next following paragraph, and the costs and expenses of
enforcing the Company’s indemnity obligations hereunder. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity; provided that, failure by the Trustee to so notify the Issuer shall not relieve the Company of
its obligations hereunder. The Company may defend the claim, with counsel reasonably acceptable to the Trustee, and the Trustee shall reasonably cooperate in the defense, unless, the Trustee, in its reasonable discretion, determines that any actual
or potential conflict of interest may exist or such counsel is not reasonably satisfactory to the Trustee, in which case the Trustee may have separate counsel, and the Company shall pay the reasonable fees and expenses of such counsel. The Company
need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld or delayed. 
 The Company shall
not be obligated to reimburse any expense or indemnify against any loss or liability incurred by the Trustee through the Trustee’s own gross negligence or bad faith. 

To secure the payment obligations of the Company in this Section 7.6, the Trustee shall have a lien prior to the Securities on all money
or property held or collected by the Trustee, except that held in trust to pay principal of, premium (if any) and interest on and any Additional Amounts with respect to Securities of any Series. Such lien and the obligations of the Company under
this Section 7.6 shall survive the satisfaction and discharge of this Indenture, the payment of the Securities and/or the resignation or removal of the Trustee. 

When the Trustee incurs expenses or renders services in connection with an Event of Default, the expenses (including the reasonable charges
and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or State bankruptcy, insolvency or other similar law. 

  
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 Section 7.7. Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section 7.7. 
 The Trustee may resign and be discharged at any time with respect to the
Securities of one or more Series by so notifying the Company. The Holders of a majority in principal amount of the then outstanding Securities of any Series may remove the Trustee with respect to the Securities of such Series by so notifying the
Trustee and the Company in writing at least thirty days prior to the effective date of such removal. The Company may remove the Trustee for any or all Series of the Securities if: 

(a) the Trustee fails to comply with Section 7.9; 

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

(d) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, with respect to the Securities of one or
more Series, the Company shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those Series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or
more or all of such Series). Within one year after the successor Trustee with respect to the Securities of any series takes office, the Holders of a majority in principal amount of the Securities of such Series then outstanding may appoint a
successor Trustee to replace the successor Trustee appointed by the Company. 
 If a successor Trustee with respect to the Securities of any
Series does not take office within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% in principal amount of the then outstanding Securities of such Series may petition any
court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such Series. 
 If the Trustee
with respect to the Securities of a Series fails to comply with Section 7.9, any Holder of Securities of such Series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee with
respect to the Securities of such Series. 
 In case of the appointment of a successor Trustee with respect to all Securities, each such
successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the
rights, powers and duties of the retiring Trustee under this Indenture. The successor Trustee shall give a notice of its succession to Holders in accordance with Section 10.2. The retiring Trustee shall promptly transfer all property held by it
as Trustee to the successor Trustee, subject to the lien provided for in Section 7.6. 

  
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 In case of the appointment of a successor Trustee with respect to the Securities of one or
more Series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more Series shall execute and deliver an indenture supplemental hereto in which each successor Trustee shall accept such appointment
and that (1) shall confer to each successor Trustee all the rights, powers and duties of the retiring Trustee with respect to the Securities of that or those Series to which the appointment of such successor Trustee relates, (2) if the
retiring Trustee is not retiring with respect to all Securities, shall confirm that all the rights, powers and duties of the retiring Trustee with respect to the Securities of that or those Series as to which the retiring Trustee is not retiring
shall continue to be vested in the retiring Trustee and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee.
Nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust, and each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any
trust or trusts hereunder administered by any other such Trustee. Upon the execution and delivery of such supplemental indenture, the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such
successor Trustee shall have all the rights, powers and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. On request of the Company, or any successor
Trustee, such retiring Trustee shall transfer to such successor Trustee all property held by such retiring Trustee as Trustee with respect to the Securities of that or those Series to which the appointment of such successor Trustee relates. Such
retiring Trustee shall, however, have the right to deduct its unpaid fees and expenses, including attorneys’ fees. 
 Notwithstanding
replacement of the Trustee or Trustees pursuant to this Section 7.7, the obligations of the Company under Section 7.6 shall continue for the benefit of the retiring Trustee or Trustees. 

Section 7.8. Successor Trustee by Merger, etc. 

Subject to Section 7.9, if the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust
business (including this transaction) to, another corporation, the successor corporation without any further act shall be the successor Trustee. 

In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or
consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated; and in case at that time any of the Securities shall not have been authenticated, any successor to the Trustee may authenticate
such Securities either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities or in this Indenture provided
that the certificate of the Trustee shall have. 

  
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 Section 7.9. Eligibility; Disqualification. 

There shall at all times be a Trustee hereunder which shall be a corporation organized and doing business under the laws of the United States,
any State thereof or the District of Columbia and authorized under such laws to exercise corporate trust power, shall be subject to supervision or examination by Federal or State (or the District of Columbia) authority and shall have, or be a
subsidiary of a bank or bank holding company having, a combined capital and surplus of at least $50 million as set forth in its most recent published annual report of condition. 

Section 7.10. Preferential Collection of Claims Against Company. 

The Trustee is subject to and shall comply with the provisions of the Trust Indenture Act of 1933, as amended (the “TIA”)
§ 311(a), as if such section applied hereto, excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a), as if such section applied hereto, to the extent
indicated therein. 
 ARTICLE VIII. 

DISCHARGE OF INDENTURE 

Section 8.1. Termination of Company’s Obligations. 

(a) This Indenture shall cease to be of further effect with respect to the Securities of a Series (except that all obligations of the Company
under Section 7.6, the Trustee’s and Paying Agent’s obligations under Section 8.3 and the rights, powers, protections and privileges accorded the Trustee under Article VII shall survive), and the Trustee, on written demand of the
Company shall execute instruments acknowledging the satisfaction and discharge of this Indenture with respect to the Securities of such Series, when: 

(1) either 
 (A)
all outstanding Securities of such Series theretofore authenticated and issued (other than destroyed, lost or stolen Securities that have been replaced or paid) have been delivered to the Trustee for cancellation; or 

(B) all outstanding Securities of such Series not theretofore delivered to the Trustee for cancellation: 

(i) have become due and payable, or 

(ii) will become due and payable at their Stated Maturity within one year, or 

(iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by
the Trustee in the name, and at the expense, of the Company, 

  
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 and, in the case of clause (i), (ii) or (iii) above, the Company has irrevocably
deposited or caused to be deposited with the Trustee as funds (immediately available to the Holders in the case of clause (i)) in trust for such purpose (x) cash in an amount, or (y) Government Obligations, maturing as to principal and
interest at such times and in such amounts as will ensure the availability of cash in an amount or (z) a combination thereof which will be sufficient, in the opinion (in the case of (y) or (z)) of a nationally recognized firm of
independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge the entire indebtedness on the Securities of such Series for principal and interest to the date of such deposit (in the case
of Securities which have become due and payable) or for principal, premium, if any, and interest to the Stated Maturity or redemption date, as the case may be; or 

(C) the Company has properly fulfilled such other means of satisfaction and discharge, as contemplated by Section 2.2 to be applicable to
the Securities of such Series: 
 (2) the Company has paid or caused to be paid all other sums payable by it hereunder with
respect to the Securities of such Series; and 
 (3) the Company has delivered to the Trustee an Officer’s Certificate
stating that all conditions precedent to satisfaction and discharge of this Indenture with respect to the Securities of such Series have been complied with, together with an Opinion of Counsel to the same effect. 

(b) Unless this Section 8.1(b) is specified as not being applicable to Securities of a Series as contemplated by Section 2.2, the
Company may terminate certain of its obligations under this Indenture (“covenant defeasance”) with respect to the Securities of a Series if: 

(1) the Company has irrevocably deposited or caused to be irrevocably deposited with the Trustee as trust funds in trust for
the purpose of making the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of Securities of such Series, (i) money, or (ii) Government Obligations with respect to such Series,
maturing as to principal and interest at such times and in such amounts as will ensure the availability of money in the currency in which payment of the Securities of such Series is to be made in an amount or (iii) a combination thereof, that
is sufficient, in the opinion (in the case of (ii) and (iii)) of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay the principal of and premium (if any)
and interest on all Securities of such Series on each date that such principal, premium (if any) or interest is due and payable and (at the Stated Maturity thereof or upon redemption as provided in Section 8.1(e)) to pay all other sums payable
by it hereunder; provided that the Trustee shall have been irrevocably instructed to apply such money and/or the proceeds of such Government Obligations to the payment of said principal, premium (if any) and interest with respect to the Securities
of such Series as the same shall become due; 

  
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 (2) the Company has delivered to the Trustee an Officer’s Certificate
stating that all conditions precedent to satisfaction and discharge of this Indenture with respect to the Securities of such Series have been complied with, and an Opinion of Counsel to the same effect; 

(3) no Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on the
date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit and the grant of any lien securing such borrowings); 

(4) the Company shall have delivered to the Trustee an Opinion of Counsel from a nationally recognized counsel acceptable to
the Trustee or a tax ruling to the effect that the Holders will not recognize income, gain or loss for Federal income tax purposes as a result of such Company’s exercise of its option under this Section 8.1(b) and will be subject to
Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such option had not been exercised; and 

(5) the Company has complied with any additional conditions specified pursuant to Section 2.2 to be applicable to the
discharge of Securities of such Series pursuant to this Section 8.1. 
 In such event, this Indenture shall cease to be of further
effect (except as set forth in this paragraph), and the Trustee, on written demand of the Company, shall execute instruments acknowledging satisfaction and discharge under this Indenture. However, the Company’s obligations in Sections 2.4, 2.5,
2.6, 2.7, 2.8, 4.1, 5.1, 7.6 and 7.7, the Trustee’s and Paying Agent’s obligations in Section 8.3 and the rights, powers, protections and privileges accorded the Trustee under Article VII shall survive until all Securities of such
Series are no longer outstanding. Thereafter, only the obligations of the Company in Section 7.6 and the Trustee’s and Paying Agent’s obligations in Section 8.3 shall survive with respect to Securities of such Series. 

In order to have money available on a payment date to pay principal of or premium (if any) or interest on the Securities, the Government
Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. Government Obligations shall not be callable at the issuer’s option. 

(c) If the Company has previously complied or is concurrently complying with the conditions set forth in Section 8.1(b) (other than any
additional conditions specified pursuant to Section 2.2 that are expressly applicable only to covenant defeasance) with respect to Securities of a Series, then unless this Section 8.1(c) is specified as not being applicable to Securities
of such Series as contemplated by Section 2.2, the Company may elect to be discharged (“legal defeasance”) from its obligations to make payments with respect to Securities of such Series, if: 

(1) unless otherwise specified with respect to Securities of such Series as contemplated by Section 2.2, the Company has
delivered to the Trustee an Opinion of Counsel from a nationally recognized counsel acceptable to the Trustee to the effect referred to in Section 8.1(b)(4) with respect to such legal defeasance,

  
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which opinion is based on (i) a private ruling of the Internal Revenue Service addressed to the Company, (ii) a published ruling of the Internal Revenue Service or (iii) a change
in the applicable federal income tax law (including regulations) after the date of this Indenture; the Company has complied with any other conditions specified pursuant to Section 2.2 to be applicable to the legal defeasance of Securities of
such Series pursuant to this Section 8.1(c); and 
 (2) the Company has delivered to the Trustee a Company Request
requesting such legal defeasance of the Securities of such Series and an Officer’s Certificate stating that all conditions precedent with respect to such legal defeasance of the Securities of such Series have been complied with, together with
an Opinion of Counsel to the same effect. 
 In such event, the Company will be discharged from its obligations under this Indenture and the
Securities of such Series to pay principal of, premium (if any) and interest on, and any Additional Amounts with respect to, Securities of such Series, the Company’s obligations under Sections 4.1 and 5.1 shall terminate with respect to such
Securities, and the entire indebtedness of the Company evidenced by such Securities shall be deemed paid and discharged. 
 (d) If and to the
extent additional or alternative means of satisfaction, discharge or defeasance of Securities of a Series are specified to be applicable to such Series as contemplated by Section 2.2, the Company may terminate any or all of its obligations
under this Indenture with respect to its Securities of a Series and any or all of its obligations under the Securities of such Series if it fulfills such other means of satisfaction and discharge as may be so specified, as contemplated by
Section 2.2, to be applicable to the Securities of such Series. 
 (e) If Securities of any Series subject to subsections (a), (b), (c)
or (d) of this Section 8.1 are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption provisions or in accordance with any mandatory or optional sinking fund provisions, the terms of the applicable trust
arrangement shall provide for such redemption, and the Company shall make such arrangements as are reasonably satisfactory to the Trustee for the giving of notice of redemption in the name, and at the expense, of the Company. 

Section 8.2. Application of Trust Money. 

The Trustee or a trustee satisfactory to the Trustee and the Company shall hold in trust money or Government Obligations deposited with it
pursuant to Section 8.1 hereof. It shall apply the deposited money and the money from Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of premium (if any) and interest on and any
Additional Amounts with respect to the Securities of the Series with respect to which the deposit was made. 
 Section 8.3.
Repayment to Company. 
 The Trustee and the Paying Agent shall promptly pay to the Company upon written request any excess
money or Government Obligations (or proceeds therefrom) held by them upon the written request of the Company and thereafter the Trustee and Paying Agent shall be relieved from all liability with respect to such money. 

  
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 Subject to the requirements of any applicable abandoned property laws, the Trustee and the
Paying Agent shall pay to the Company upon written request any money held by them for the payment of principal, premium (if any), interest or any Additional Amounts that remains unclaimed for two years after the date upon which such payment shall
have become due. After payment to the Company, Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another Person, and all liability of the Trustee and the
Paying Agent with respect to such money shall cease. 
 Section 8.4. Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money or Government Obligations deposited with respect to Securities of any Series in
accordance with Section 8.1 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 obligations of the Company under
this Indenture with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is
permitted to apply all such money or Government Obligations in accordance with Section 8.1; provided, however, that if the Company has made any payment of principal of, premium (if any) or interest on or any Additional Amounts
with respect to any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or Government Obligations held by the Trustee or
the Paying Agent. 
 ARTICLE IX. 

AMENDMENTS AND WAIVERS 

Section 9.1. Without Consent of Holders. 

Without the consent of any Holder of Securities of a Series, the Company and the Trustee may amend or supplement this Indenture or the Series
of Securities in the following circumstances: 
 (1) to cure any ambiguity, omission, defect or inconsistency; 

(2) to provide for the assumption of the Company’s obligations under this Indenture by a successor upon any merger,
consolidation or asset transfer; 
 (3) to provide for uncertificated Securities in addition to or in place of Certificated
Securities; 
 (4) to provide any security for or guarantees of its Securities or for the addition of an additional obligor
on its Securities; 
 (5) to comply with any requirement to effect or maintain the qualification of this Indenture under the
Trust Indenture Act of 1939, as amended, if applicable; 

  
 45 

 (6) to add covenants that would benefit the Holders of its Securities or to
surrender any rights the Company has under this Indenture; 
 (7) to change or eliminate any of the provisions of this
Indenture, provided that any such change or elimination shall not become effective with respect to any outstanding Securities of any Series created prior to the execution of such supplemental indenture which is entitled to the benefit of such
provision; 
 (8) to provide for the issuance of and establish forms and terms and conditions of a new series of Securities;

 (9) to permit or facilitate the defeasance and discharge of the Securities; 

(10) to issue additional Securities of any Series, provided that such additional Securities have the same terms as, and
be deemed part of the same Series as, the applicable Series of Securities to the extent required under this Indenture; 

(11) to evidence and provide for the acceptance of and appointment by a successor trustee with respect to the Securities of one
or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trust by more than one trustee; 

(12) to add additional Events of Default with respect to Securities; and 

(13) to make any change that does not adversely affect any of its outstanding Securities in any material respect. 

Section 9.2. With Consent of Holders. 

This Indenture or the Securities of a Series may be amended or supplemented, and waivers may be obtained, with the written consent of the
Holders of at least a majority in aggregate principal amount of the then outstanding Securities of such Series voting as a single class (including consents obtained in connection with a tender offer or exchange offer for, or purchase of, such
Securities of a Series), and any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium on, if any, interest or Additional Amounts, if any, on, such Securities of a Series, except a
payment Default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture or the Securities of such Series may be waived with the written consent of the Holders of a majority in aggregate principal
amount of the then outstanding Securities of such Series voting as a single class (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, such Securities of a Series). 

The Holders of a majority in principal amount of the outstanding Securities of a Series issued by the Company may waive any existing or past
Default or Event of Default with respect to those Securities. Those Holders may not, however, waive any Default or Event of Default in any payment on any Security. 

  
 46 

 For the avoidance of doubt, any amendment, supplement or waiver to any Series of Securities
made with the consent of Holders of such Series of Securities, shall be made with respect to that Series of Securities only, and not any other Series of Securities. 

Section 9.3. Limitations. 

Without the consent of each Holder of Securities of a Series affected thereby, an amendment, supplement or waiver may not (with respect to any
Securities of such Series held by a non-consenting Holder): 
 (1) reduce the amount
of the Securities of such Series whose Holders must consent to an amendment, supplement or waiver; 
 (2) reduce the rate of
or change the time for payment of interest on the Securities of such Series; 
 (3) reduce the principal of the Securities of
such Series or change the Stated Maturity of the Securities of such Series; 
 (4) reduce any premium payable on the
redemption of the Securities of such Series or change the time at which the Securities of such Series may or must be redeemed; 

(5) change any obligation to pay Additional Amounts on the Securities of such Series; 

(6) make payments on the Security of such Series payable in currency other than as originally stated in such Security; 

(7) impair the Holder’s right to institute suit for the enforcement of any payment on the Security of such Series; 

(8) make any change in the percentage of principal amount of the Securities of such Series necessary to waive compliance with
Sections 6.8 and 6.13 of this Indenture or to make any change in this Section 9.3(8); or 
 (9) waive a continuing
Default or Event of Default regarding any payment on Securities of such Series. 
 In the event that consent is obtained from some of the
Holders but not from all of the Holders with respect to any amendments or waivers pursuant to clauses (1) through (9) of this Section 9.3, new Securities of such Series with such amendments or waivers will be issued to those consenting
Holders. Such new Securities shall have separate CUSIP numbers and ISINs from those Securities of such Series held by non-consenting Holders. 

  
 47 

 Section 9.4. Form of Amendments. 

Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture. 

Section 9.5. Revocation and Effect of Consents. 

Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a
continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such
Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the written notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective. 

Any amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of the
type described in any of clauses (1) through (9) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that
evidences the same debt as the consenting Holder’s Security. 
 Section 9.6. Notation on or Exchange of Securities.

 The Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series thereafter authenticated. The
Company, in exchange for its Securities of that Series, may issue and the Trustee shall authenticate upon request new Securities of that Series that reflect the amendment or waiver. 

Section 9.7. Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article IX or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officer’s Certificate and Opinion of Counsel stating that the execution of
such supplemental indenture is authorized or permitted by this Indenture and complies with the terms of Section 10.3. The Trustee may, but shall not be obligated to, enter into any supplemental indentures which affect the Trustee’s own
rights, duties, immunities, or indemnities under this Indenture, the Securities or otherwise. 
 ARTICLE X. 

MISCELLANEOUS 
 Section 10.1.
Notices. 
 Any request, direction, instruction, demand, document, notice or communication by the Company or the Trustee to the
other, or by a Holder to the Company or the Trustee, shall be in English and in writing and delivered in person, mailed by first-class mail, delivered via facsimile or delivered by overnight courier as
follows: 

  
 48 

 if to the Company: 

Colfax Corporation 
 420
National Business Parkway, 5th Floor 
 Annapolis Junction, Maryland 20701 

Fax: (301) 323-9001 

Attention: Corporate Secretary 
 with a copy to:

 Gibson, Dunn & Crutcher LLP 

200 Park Avenue 
 New York, New
York 10166 
 Fax: (212) 351-4035 

Attention: Andrew L. Fabens 
 if to the Trustee:

 U.S. Bank National Association 

Goodwin Square 
 225 Asylum
Street, 23rd Floor 
 Hartford, CT 06103 

Attention: Trust Administration 
 with a copy
to: 
 Perkins Coie LLP 
 30
Rockefeller Plaza, 22nd Floor 
 New York, NY 10112-0015 

Attention: Sean Connery, Esq. 

Notices shall be effective upon the recipient’s actual receipt thereof. Any party by notice to the other parties may designate additional
or different addresses for subsequent notices or communications. 
 Any notice or communication to (i) a Securityholder of a
Certificated Security shall be mailed by first-class mail to his address shown on the register kept by the Registrar (ii) a Securityholder of a Global Security shall be delivered to the Depositary in accordance with its applicable procedures.
Failure to mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with respect to other Securityholders of that or any other Series. 

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

  
 49 

 With respect to this Indenture, the Trustee shall not have any duty or obligation to verify
or confirm that the Person sending instructions, directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other
communications or information on behalf of the party purporting to send such electronic transmission; and the Trustee shall not have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such
reliance upon or compliance with such instructions, directions, reports, notices or other communications or information. Each other party agrees to assume all risks arising out of the use of electronic methods to submit instructions, directions,
reports, notices or other communications or information to the Trustee, including the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third
parties. 
 Section 10.2. Communication by Holders with Other Holders. 

Securityholders of a Series may communicate pursuant to TIA § 312(b), as if such section applied hereto, with other Securityholders of
such Series with respect to their rights under this Indenture or the Securities. 
 Section 10.3. 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 stating that, in the opinion of the signer, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and 

  

	 	2.	 an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been
complied with. 

 Section 10.4. Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

 

	 	1.	 a statement that the Person making such certificate 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 has made such examination or investigation as is necessary
to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

  
 50 

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

 Section 10.5. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 10.6. Legal Holidays. 

Unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture for a particular Series, a “Legal
Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the
intervening period. 
 Section 10.7. No Personal Liability of Directors, Officers, Employees and Certain Others. 

No director, officer, employee, incorporator or similar founder, stockholder or member of the Company will have any liability for or any
obligations of the Company under this Indenture or the Securities or for any claim based on, with respect to or by reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives and releases all such
liability. The waiver and release are part of the consideration for issuance of the Securities. The waiver may not be effective to waive liabilities under the federal securities laws. 

Section 10.8. Counterparts. 

This Indenture may be executed in any number of counterparts, including in .pdf format by electronic mail, and by the parties hereto in
separate counterparts, 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 10.9. Governing Laws. 

THIS INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS INDENTURE OR THE SECURITIES, SHALL
BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

Section 10.10. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or any Subsidiary of the Company. Any such
indenture, loan or debt agreement may not be used to interpret this Indenture. 

  
 51 

 Section 10.11. Successors. 

All agreements of the Company in this Indenture and the Securities shall bind its respective successors. All agreements of the Trustee in this
Indenture shall bind its successor. 
 Section 10.12. Severability. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 10.13. 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 hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 10.14. Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
judgment in any court it is necessary to convert the sum due with respect to the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered
(the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the recipient could purchase in The City of New York the Required Currency with the Judgment Currency on
the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the recipient could purchase in The City
of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency
(i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or
recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable with respect to such payments, (ii) shall be enforceable as an alternative or additional cause of action for the
purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained
for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a Legal Holiday in The City of New York on which banking institutions are authorized or
required by law, regulation or executive order to close. 
 Section 10.15. English Language. 

This Indenture has been negotiated and executed in the English language. All certificates, reports, notices and other documents and
communications delivered or delivered pursuant to this Indenture (including any modifications or supplements hereto), shall be in the 

  
 52 

 
English language, or accompanied by a certified English translation thereof. In the case of any document originally issued in a language other than English, the English language version of any
such document shall for purposes of this Indenture, and absent manifest error, control the meaning of the matters set out therein. 

Section 10.16. Submission to Jurisdiction; Appointment of Agent. 

Any suit, action or proceeding against the Company or its respective properties, assets or revenues with respect to this Indenture or the
Securities (a “Related Proceeding”) may be brought in any state or Federal court in the Borough of Manhattan in The City of New York, New York, as the Person bringing such Related Proceeding may elect in its sole discretion. The
Company hereby consents to the non-exclusive jurisdiction of each such court for the purpose of any Related Proceeding and has irrevocably waived any objection to the laying of venue of any Related Proceeding
brought in any such court and to the fullest extent it may effectively do so and the defense of an inconvenient forum to the maintenance of any Related Proceeding or any such suit, action or proceeding in any such court. The Company hereby agrees
that service of all writs, claims, process and summonses in any Related Proceeding brought against it in the State of New York may be made upon Colfax Corporation, 420 National Business Parkway, 5th Floor, Annapolis Junction, Maryland 20701
Attention: Corporate Secretary (the “Process Agent”). The Company irrevocably appointed the Process Agent as its agent and true and lawful attorney in fact in its name, place and stead to accept such service of any and all such
writs, claims, process and summonses, and hereby agrees that the failure of the Process Agent to give any notice to it of any such service of process shall not impair or affect the validity of such service or of any judgment based thereon. The
Company hereby agrees to have an office or to maintain at all times an agent with offices in the United States of America to act as Process Agent. Nothing in this Indenture shall in any way be deemed to limit the ability to serve any such writs,
process or summonses in any other manner permitted by applicable law. 
 Section 10.17. Waiver of Immunity. 

To the extent that the Company has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether
through service of notice, attachment prior to judgment, attachment in aid of execution or execution, on the ground of sovereignty or otherwise) with respect to itself or its property, it hereby irrevocably waives, to the fullest extent permitted by
applicable law, such immunity with respect to its obligations under this Indenture, and, Securities. 
 Section 10.18. Waiver of
Jury Trial. 
 EACH OF THE COMPANY AND THE TRUSTEE HERETO HEREBY IRREVOCABLY WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

  
 53 

 Section 10.19. Conflict with Trust Indenture Act. 

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

  
 54 

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

			
	Colfax Corporation
		
	By:	 	 /s/ Christopher Hix

		 	Name: Christopher Hix
		 	Its: Senior Vice President, Finance, Chief Financial Officer and Treasurer

 
			
	U.S. Bank National Association, as Trustee
		
	By:	 	 /s/ Philip G. Kane, Jr.

		 	Name: Philip G. Kane, Jr.
		 	Title: Vice PresidentEX-4.5

 Exhibit 4.5 

EXECUTION VERSION 

COLFAX CORPORATION, 
 as
Issuer, 
 AND 
 U.S. BANK
NATIONAL ASSOCIATION, 
 as Trustee 

First Supplemental Indenture 

Dated as of January 11, 2019 

to the Indenture 
 Dated as of
January 11, 2019 
 6.50% Senior Amortizing Notes due 2022 
  

 CONTENTS 
  

							
	 	 	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
			
	 Section 1.01
	 	Scope of Supplemental Indenture; General	  	 	1	 
	 Section 1.02
	 	Definitions	  	 	2	 
		
	 ARTICLE 2 THE SECURITIES
	  	 	5	 
			
	 Section 2.01
	 	Title and Terms	  	 	5	 
	 Section 2.02
	 	Installment Payments	  	 	6	 
	 Section 2.03
	 	Maturity Date	  	 	7	 
	 Section 2.04
	 	Right to Exchange or Register a Transfer	  	 	8	 
		
	 ARTICLE 3 [RESERVED]
	  	 	8	 
		
	 ARTICLE 4 REPORTS
	  	 	8	 
			
	 Section 4.01
	 	Amendments to Article IV of the Base Indenture	  	 	8	 
		
	 ARTICLE 5 CONSOLIDATION, MERGER AND SALE OF ASSETS
	  	 	8	 
			
	 Section 5.01
	 	Amendments to Article V of the Base Indenture	  	 	8	 
		
	 ARTICLE 6 DEFAULTS AND REMEDIES
	  	 	9	 
			
	 Section 6.01
	 	Amendments to Article VI of the Base Indenture	  	 	9	 
		
	 ARTICLE 7 CONCERNING THE TRUSTEE
	  	 	12	 
			
	 Section 7.01
	 	Amendments to Article VII of the Base Indenture	  	 	12	 
		
	 ARTICLE 8 SATISFACTION AND DISCHARGE AND DEFEASANCE
	  	 	13	 
			
	 Section 8.01
	 	Amendments to Section 8.1 of the Base Indenture	  	 	13	 
		
	 ARTICLE 9 NO REDEMPTION
	  	 	15	 
			
	 Section 9.01
	 	Article III of the Base Indenture Inapplicable	  	 	15	 
		
	 ARTICLE 10 REPURCHASE OF NOTES AT THE OPTION OF THE HOLDER
	  	 	16	 
			
	 Section 10.01
	 	Offer to Repurchase	  	 	16	 
	 Section 10.02
	 	[Reserved]	  	 	16	 
	 Section 10.03
	 	Procedures for Exercise	  	 	16	 
	 Section 10.04
	 	Withdrawal of Repurchase Notice	  	 	17	 

  
 i 

							
	 Section 10.05
	 	Effect of Repurchase	  	 	17	 
	 Section 10.06
	 	No Sinking Fund	  	 	18	 
		
	 ARTICLE 11 TAX TREATMENT
	  	 	18	 
			
	 Section 11.01
	 	Tax Treatment	  	 	18	 
		
	 ARTICLE 12 AMENDMENTS, SUPPLEMENTS AND WAIVERS
	  	 	18	 
			
	 Section 12.01
	 	Amendments to Article IX of the Base Indenture	  	 	18	 
		
	 ARTICLE 13 MISCELLANEOUS
	  	 	20	 
			
	 Section 13.01
	 	Governing Law and Jury Trial Waiver	  	 	20	 
	 Section 13.02
	 	No Security Interest Created	  	 	20	 
	 Section 13.03
	 	Benefits of Indenture	  	 	21	 
	 Section 13.04
	 	Effect on Successors and Assigns	  	 	21	 
	 Section 13.05
	 	Effect of Headings and Table of Contents	  	 	21	 
	 Section 13.06
	 	Counterparts	  	 	21	 
	 Section 13.07
	 	Separability	  	 	21	 
	 Section 13.08
	 	Ratification of Indenture	  	 	21	 
	 Section 13.09
	 	Conflicts with Trust Indenture Act	  	 	21	 

  

					
	 EXHIBIT:
	  	
	 A:
	  	Form of Note	  	

  
 ii 

 FIRST SUPPLEMENTAL INDENTURE dated as of January 11, 2019 (this “Supplemental
Indenture”) between COLFAX CORPORATION, a Delaware corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”), supplementing the Indenture
dated as of January 11, 2019 between the Company and the Trustee (the “Base Indenture”). 
 RECITALS OF THE COMPANY:

 WHEREAS, the Company executed and delivered the Base Indenture to provide for, among other things, the issuance of unsecured debt
securities in an unlimited aggregate principal amount to be issued from time to time in one or more series as provided in the Base Indenture; 

WHEREAS, the Base Indenture provides that the Company may enter into an indenture supplemental to the Base Indenture to establish the form and
terms of any series of Securities as provided by Section 2.2 of the Base Indenture; 
 WHEREAS, the Company desires and has requested
the Trustee to join it in the execution and delivery of this Supplemental Indenture in order to establish and provide for the issuance by the Company of a series of Securities designated as its 6.50% Senior Amortizing Notes due 2022 (the
“Notes”, and each $15.6099 of initial principal amount of such Securities, a “Note”), substantially in the form attached hereto as Exhibit A, on the terms set forth herein; 

WHEREAS, the Company now wishes to issue Notes in an aggregate initial principal amount of $71,805,540, each Note initially to be issued as a
component of the Units (as defined herein) being issued on the date hereof by the Company pursuant to the Purchase Contract Agreement, dated as of January 11, 2019, between the Company and U.S. Bank National Association, as Purchase Contract
Agent, as Trustee and as attorney-in-fact for the holders of Purchase Contracts from time to time (the “Purchase Contract Agreement”); and 

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture, and all requirements necessary to make
(i) this Supplemental Indenture a valid instrument in accordance with its terms and (ii) the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company, have been performed, and
the execution and delivery of this Supplemental Indenture have been duly authorized in all respects. 
 NOW, THEREFORE, THIS SUPPLEMENTAL
INDENTURE WITNESSETH, for and in consideration of the premises and the purchases of the Notes by the Holders thereof, it is mutually agreed, for the benefit of the parties hereto and the equal and proportionate benefit of all Holders of the Notes,
as follows: 
 ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01 Scope of Supplemental Indenture; General. The changes, modifications and supplements to the Base Indenture effected
by this Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the Notes (which shall be initially in the 

 
aggregate initial principal amount of $71,805,540) and shall not apply to any other Securities that may be issued under the Base Indenture unless a supplemental indenture with respect to such
other Securities specifically incorporates such changes, modifications and supplements. This Supplemental Indenture shall supersede any corresponding provisions in the Base Indenture. 

Section 1.02 Definitions. For all purposes of the Indenture, except as otherwise expressly provided or unless the context
otherwise requires: 
 (i) the terms defined in this Article 1 shall have the meanings assigned to them in this Article and
include the plural as well as the singular; 
 (ii) all words, terms and phrases defined in the Base Indenture (but not
otherwise defined herein) shall have the same meaning herein as in the Base Indenture; 
 (iii) all other terms used herein
that are defined in the Trust Indenture Act, either directly or by reference therein, shall have the meanings assigned to them therein; and 

(iv) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this
Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 
 “Agent Members” has
the meaning ascribed to such term in Section 2.01(d). 
 “Base Indenture” has the meaning ascribed to it in the
preamble hereof. 
 “Beneficial Holder” means, with respect to a Global Note, a Person who is the beneficial owner of such
Book-Entry Interest as reflected on the books of the Depositary or on the books of a Person maintaining an account with the Depositary (directly as a Depositary Participant or as an indirect participant, in each case in accordance with the rules of
the Depositary). 
 “Book-Entry Interest” means a beneficial interest in a Global Note, registered in the name of a
Depositary or a nominee thereof, ownership and transfers of which shall be maintained and made through book entries by such Depositary. 

“Business Day” means any day other than a Saturday, Sunday or any day on which banking institutions in New York, New York are
authorized or obligated by applicable law or executive order to close or be closed. 
 “Certificated Note” means a Note in
definitive registered form without interest coupons. 
 “close of business” means 5:00 p.m. (New York City time). 

“Common Stock” means the common stock, par value $0.001 per share, of the Company or such other securities or assets as shall
be deliverable in replacement thereof under the Purchase Contract Agreement pursuant to the terms thereof. 

  
 2 

 “Company” has the meaning ascribed to it in the preamble hereof and shall
also refer to any successor obligor under the Indenture. 
 “Component Note” means a Note in global form and attached to a
Global Unit that (a) shall evidence the number of Notes specified therein that are components of the Units evidenced by such Global Unit, (b) shall be registered on the Security Register for the Notes in the name of the Purchase Contract
Agent, as attorney-in-fact of holder(s) of the Units of which such Notes form a part, and (c) shall be held by the Purchase Contract Agent as attorney-in-fact for such holder(s), together with the Global Unit, as custodian of such Global Unit for the Depositary. 

“Depositary” means The Depository Trust Company until a successor Depositary shall have become such pursuant to the
applicable provisions of the Indenture, and thereafter “Depositary” shall mean such successor Depositary. 

“Depositary Participant” means a broker, dealer, bank, other financial institution or other Person for whom from time to time
the Depositary effects book-entry transfers of securities deposited with the Depositary. 
 “Fundamental Change” has the
meaning ascribed to such term in the Purchase Contract Agreement. 
 “Global Note” means any Note that is a Global
Security. 
 “Global Unit” has the meaning ascribed to such term in the Purchase Contract Agreement. 

“Holder” means the Person in whose name a Note is registered on the Registrar’s books. 

“Indenture” means the Base Indenture, as supplemented by this Supplemental Indenture as originally executed or as it may from
time to time be supplemented or amended by one or more indentures supplemental thereto entered into pursuant to the applicable provisions thereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of
the Trust Indenture Act that are deemed to be a part of and govern the Base Indenture, this Supplemental Indenture and any such supplemental indenture, respectively. 

“Initial Principal Amount” means $15.6099 initial principal amount per Note. 

“Installment Payment” has the meaning ascribed to it in Section 2.02(a). 

“Installment Payment Date” means each January 15, April 15, July 15 and October 15, commencing on
April 15, 2019 and ending on the Maturity Date. 
 “Installment Payment Period” means (i) in the case of the
first Installment Payment Date on April 15, 2019, the period from, and including, the Issue Date to, but excluding, such first Installment Payment Date and (ii) in the case of any other Installment Payment Date, the quarterly period from,
and including, the immediately preceding Installment Payment Date to, but excluding, such other Installment Payment Date. 

  
 3 

 “Issue Date” means January 11, 2019. 

“Maturity Date” means January 15, 2022. 

“Merger Termination Redemption” has the meaning ascribed to it in the Purchase Contract Agreement. 

“Merger Termination Redemption Notice” has the meaning ascribed to it in the Purchase Contract Agreement. 

“Merger Termination Redemption Settlement Date” has the meaning ascribed to it in the Purchase Contract Agreement. 

“Note” and “Notes” have the respective meanings ascribed to such terms in the preamble hereof and include,
for the avoidance of doubt, both Separate Notes and Notes that constitute part of a Unit. 
 “Paying Agent” means any
Person (including the Company) authorized by the Company to pay the principal amount of or interest on any Notes on behalf of the Company. The Paying Agent shall initially be the Trustee. 

“Prospectus Supplement” means the amended preliminary prospectus supplement dated January 8, 2019, as supplemented by
the related pricing term sheet dated January 8, 2019, relating to the offering and sale of the Notes. 
 “Purchase
Contract” means a prepaid stock purchase contract obligating the Company to deliver shares of Common Stock on the terms and subject to the conditions set forth in the Purchase Contract Agreement. 

“Purchase Contract Agent” means U.S. Bank National Association, as purchase contract agent under the Purchase Contract
Agreement, until a successor Purchase Contract Agent shall have become such pursuant to the applicable provisions of the Purchase Contract Agreement, and thereafter “Purchase Contract Agent” shall mean such Person. 

“Purchase Contract Agreement” has the meaning ascribed to it in the preamble hereof. 

“Repurchase Date” shall be a date specified by the Company in the Merger Termination Redemption Notice, which date shall be
at least 20 but not more than 35 Business Days following the date of the Merger Termination Redemption Notice (and which may or may not fall on the Merger Termination Redemption Settlement Date). 

“Repurchase Notice” means a notice in the form entitled “Form of Repurchase Notice” attached to the Notes. 

“Repurchase Price” means, with respect to a Note to be repurchased pursuant to Article 8, an amount equal to the principal
amount of such Note as of the Repurchase Date, plus accrued and unpaid interest, if any, on such principal amount from, and including, the immediately preceding Installment Payment Date (or, if none, from, and including, the Issue Date) to,
but not 

  
 4 

 
including, such Repurchase Date, calculated at an annual rate of 6.50%; provided that, if the Repurchase Date falls after a Regular Record Date for any Installment Payment and on or prior
to the immediately succeeding Installment Payment Date, the Installment Payment payable on such Installment Payment Date will be paid on such Installment Payment Date to the holder as of such Regular Record Date and will not be included in the
Repurchase Price per Note. 
 “Repurchase Right” has the meaning ascribed to it in Section 8.01. 

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

“Separate Note” means a Note that has been separated from a Unit in accordance with the terms of the Purchase Contract
Agreement. 
 “Separate Purchase Contract” means a Purchase Contract that has been separated from a Unit in accordance with
the terms of the Purchase Contract Agreement. 
 “Supplemental Indenture” has the meaning ascribed to it in the preamble
hereof. 
 “Trustee” means the party named in the preamble hereof until a successor replaces such party in accordance with
the applicable provisions of the Indenture and thereafter means the successor serving hereunder. 
 “Unit” means the
collective rights of a holder of a 5.75% Tangible Equity Unit, with a stated amount of $100 (representing an issue price of $15.6099 for the Note included in each Unit and an issue price of $84.3901 for the Purchase Contract included in each Unit),
issued by the Company pursuant to the Purchase Contract Agreement, each consisting of a single Purchase Contract and a single Note prior to separation or subsequent to recreation thereof pursuant to the Purchase Contract Agreement. 

ARTICLE 2 
 THE SECURITIES 

Section 2.01 Title and Terms. 

(a) There is hereby authorized a series of Securities designated the “6.50% Senior Amortizing Notes due 2022” limited in aggregate
initial principal amount to $71,805,540, which amount shall be as set forth in any written order of the Company for authentication and delivery of Notes pursuant to Section 2.3 of the Base Indenture. 

(b) The Notes will initially be issued as Component Notes in substantially the form of Attachment 4 to the form of Global Unit attached as
Exhibit A to the Purchase Contract Agreement, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Indenture, and may have such letters, numbers or other marks of identification and such
legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers of the Company executing such Notes, as evidenced by their execution of the
Notes. The Notes will initially be attached to the related Global Unit and registered in the name of U.S. Bank National Association, as attorney-in-fact of the holder(s)
of such Global Unit. 

  
 5 

 (c) Holders of Units have the right to separate such Units into their constituent parts,
consisting of Separate Purchase Contracts and Separate Notes, during the times, and under the circumstances, described in Section 2.03 of the Purchase Contract Agreement. Upon separation of any Unit into its constituent parts, (i) if such
Unit is a Global Unit, the Separate Notes will initially be evidenced by a Global Note (the “Global Note”) in substantially the form of Exhibit A hereto, which is incorporated into and shall be deemed a part of this Supplemental
Indenture, and deposited with the Trustee as custodian for the Depositary and registered in the name of the Depositary or its nominee, or (ii) if such Unit is in definitive, registered form, the Separate Notes will be evidenced by Certificated
Notes in substantially the form of Exhibit A hereto, in each case, as provided in Section 2.03 of the Purchase Contract Agreement. Following separation of any Unit into its constituent Separate Note and Separate Purchase Contract, the Separate
Notes are transferable independently from the Separate Purchase Contracts. In addition, Separate Notes can be recombined with Separate Purchase Contracts to recreate Units, as provided for in Section 2.04 of the Purchase Contract Agreement.

 (d) The Global Note representing Separate Notes (which shall initially have a balance of zero Notes) shall be registered in the name of
Cede & Co., as nominee of the Depositary and delivered to the Trustee, as custodian for the Depositary. Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Supplemental Indenture
or the Base Indenture with respect to any Global Note (or any Global Unit in the case of Component Notes) held on their behalf by the Depositary, or the Trustee as its custodian, or under the Global Note (or such Global Unit), and the Depositary may
be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the Global Note (or such Global Unit) for all purposes whatsoever. None of the Trustee, the Registrar, any Paying Agent or any agent of any
of them shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in the Notes, for maintaining, supervising or reviewing any records relating to such
beneficial owner interests, or for any acts or omissions of the Depositary or for any transactions between the Depositary and any beneficial owner or between or among beneficial owners. Notwithstanding the foregoing in this paragraph, nothing herein
shall prevent the Company, the Trustee, the Registrar, any Paying Agent or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the
Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of any Holder. 
 (e) The Notes
shall be issuable in denominations of initial principal amounts equal to the Initial Principal Amount and integral multiples in excess thereof. 

Section 2.02 Installment Payments. (a) The Company shall pay installments on the Notes (each such payment, an
“Installment Payment”) in cash at the place, at the respective times and in the manner provided in the Notes. The Company has initially designated the Trustee as its Paying Agent and Registrar in respect of the Notes and its agency
in New York, New York as a place where Notes may be presented for payment or for registration of transfer. The Company may, however, change the Paying Agent or Registrar for the Notes without prior notice to the Holders thereof, and the Company may
act as Paying Agent or Registrar. 

  
 6 

 (b) On the first Installment Payment Date occurring on April 15, 2019, the Company
shall pay, in cash, an Installment Payment with respect to each Note in an amount equal to $1.5014 per Note, and on each Installment Payment Date thereafter, the Company shall pay, in cash, equal quarterly Installment Payments with respect to each
Note in an amount equal to $1.4375 per Note; provided that, in respect of any Certificated Note, the final Installment Payment shall be made only against surrender of such Certificated Note to the Paying Agent. 

(c) Each Installment Payment shall constitute a payment of interest (at a rate of 6.50% per annum) and a partial repayment of principal on the
Notes, allocated with respect to each Note as set forth in the schedule below: 
  

									
	 Installment Payment Date
	  	Amount of
Principal	 	  	Amount of
Interest	 
	 April 15, 2019
	  	$	1.2365	 	  	$	0.2649	 
	 July 15, 2019
	  	$	1.2039	 	  	$	0.2336	 
	 October 15, 2019
	  	$	1.2235	 	  	$	0.2140	 
	 January 15, 2020
	  	$	1.2434	 	  	$	0.1941	 
	 April 15, 2020
	  	$	1.2636	 	  	$	0.1739	 
	 July 15, 2020
	  	$	1.2841	 	  	$	0.1534	 
	 October 15, 2020
	  	$	1.3050	 	  	$	0.1325	 
	 January 15, 2021
	  	$	1.3262	 	  	$	0.1113	 
	 April 15, 2021
	  	$	1.3477	 	  	$	0.0898	 
	 July 15, 2021
	  	$	1.3696	 	  	$	0.0679	 
	 October 15, 2021
	  	$	1.3919	 	  	$	0.0456	 
	 January 15, 2022
	  	$	1.4145	 	  	$	0.0230	 

 (d) Each Installment Payment for any Installment Payment Period shall be computed on the basis of a 360-day year of twelve 30-day months. If an Installment Payment is payable for any period shorter than a full Installment Payment Period, such Installment Payment shall be
computed on the basis of the actual number of days elapsed per 30-day month. Furthermore, if any date on which an Installment Payment is payable is not a Business Day, then payment of the Installment Payment
on such date shall be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay. 

Section 2.03 Maturity Date. The date on which the final Installment Payment on the Notes shall be due, unless the Notes are
accelerated pursuant to the terms hereof or otherwise paid prior to maturity in connection with a Holder’s exercise of the Repurchase Right, shall be the Maturity Date (subject, for the avoidance of doubt, to the last sentence of
Section 2.02(d) above). 

  
 7 

 Section 2.04 Right to Exchange or Register a Transfer. (a) The Company
shall not be required to exchange or register a transfer of any Note if the Holder thereof has exercised his, her or its right, if any, to require the Company to repurchase such Note in whole or in part, except the portion of such Note not required
to be repurchased. 
 (b) For purposes of any Note that constitutes part of a Unit, Section 2.7 and Section 2.14.1 of the Base
Indenture (as modified by this Supplemental Indenture) shall be subject to the provisions of the Purchase Contract Agreement. 
 ARTICLE 3

 [RESERVED] 
 ARTICLE 4 

REPORTS 
 Section 4.01
Amendments to Article IV of the Base Indenture. 
 (a) For purposes of the Notes, Section 4.7(a) of the Base Indenture shall be
amended and replaced in its entirety to the following: 
 “So long as any Notes are outstanding, the Company shall file
with the Trustee, within 15 days after the Company is required to file the same with the SEC (after giving effect to any grace period provided by Rule 12b-25 under the Exchange Act), copies of the annual
reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may from time to time by rules and regulations prescribe) which the Company may be required to file with the SEC pursuant to
Section 13 or Section 15(d) of the Exchange Act. For purposes of this section, documents filed by the Company with the SEC via EDGAR system will be deemed to be filed with the Trustee as of the time such documents are filed via EDGAR,
provided, however, that the Trustee shall have no obligation whatsoever to determine if such filing has occurred.” 
 (b)
Sections 4.5 and 4.6 of the Base Indenture shall not apply to the Notes. 
 ARTICLE 5 

CONSOLIDATION, MERGER AND SALE OF ASSETS 

Section 5.01 Amendments to Article V of the Base Indenture. 

(a) For purposes of the Notes, Section 5.1 of the Base Indenture shall be amended and replaced in its entirety to the following: 

“(a) The Company may not consolidate with or merge with or into or wind up into, whether or not the Company is the
surviving corporation, or sell, assign, convey, transfer or lease the Company’s properties and assets substantially as an entirety to any other Person, in one transaction or a series of transactions, unless: 

  
 8 

 (i) the successor corporation formed by the consolidation or into which the Company is
merged or the Person which acquires by conveyance or transfer, or which leases the Company’s properties and assets substantially as an entirety, (x) is an entity organized and existing under the laws of the United States or any State
thereof or the District of Columbia and (y) expressly assumes by an indenture supplemental to this Indenture the due and punctual payment of all Installment Payments on the Notes and the performance of every Covenant in this Indenture on the
Company’s part to be performed or observed; and 
 (ii) immediately after giving effect to such transaction, no Event of Default under
this Indenture, and no event which, after notice or lapse of time, or both, would become an Event of Default, has happened and is continuing, 

(b) Upon any consolidation or merger or winding up into or sale, assignment, conveyance, transfer or lease of the
Company’s assets substantially as an entirety to any Person, as the case may be, the successor Person formed by such consolidation or into or with which the Company is merged or wound up or to which such sale, assignment, conveyance, transfer
or lease is made shall succeed to, and be substituted for, and may exercise every right and power of the Company under this Indenture with the same effect as if such successor Person has been named as the Company herein. In the event of any such
transfer the Company or any successor entity which shall theretofore have become such in the manner described in this Section 5.1(b), shall be discharged from all obligations and covenants under this Indenture and the Securities and may be
liquidated and dissolved; provided that, however, in the case of a qualifying lease of all or substantially all of the Company’s assets, the Company will not be released from, and the successor corporation will not succeed to, the
obligation to pay the Installment Payments on the Notes. 
 (c) An Officer’s Certificate and an Opinion of Counsel will
be delivered to the Trustee, which will serve as conclusive evidence of compliance with this Section 5.1.” 
 ARTICLE 6 

DEFAULTS AND REMEDIES 

Section 6.01 Amendments to Article VI of the Base Indenture. 

(a) For purposes of the Notes, Section 6.1 of the Base Indenture shall be amended and replaced in its entirety to the following: 

“(a) the Company defaults in the payment of the Repurchase Price of any Notes when the same shall become due and payable;

  
 9 

 (b) the Company defaults in the payment of any Installment Payment on any
Notes as and when the same shall become due and payable and such failure continues for a period of 30 days; 
 (c) the
Company fails to give notice of a Fundamental Change when any such notice is due pursuant to the terms of the Purchase Contract Agreement; 

(d) the Company fails to comply with any of the Company’s other covenants or agreements, or provisions of, the Notes or
Indenture and such failure continues for the period and after the notice specified below, subject to extension pursuant to Section 6.15 of the Base Indenture in connection with any failure to comply with the covenant described under
Section 4.7 of the Base Indenture; 
 (e) default by the Company or any of its Subsidiaries with respect to any
mortgage, agreement or other instrument under which there may be outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed in excess of $150 million (or its foreign currency equivalent) in the aggregate of
the Company and/or any such Subsidiary, whether such indebtedness now exists or shall hereafter be created (i) resulting in such indebtedness becoming or being declared due and payable or (ii) constituting a failure to pay the principal or
interest of any such debt when due and payable at its stated maturity, upon required repurchase, upon declaration of acceleration or otherwise, and such acceleration is not cured, waived, rescinded, stayed or annulled or such indebtedness is not
discharged, as applicable, within a period of 30 calendar days after written notice of such indebtedness becoming due and payable or such failure, as the case may be, has been received from the Trustee or the Holders of at least 25% in principal
amount of the Notes then outstanding; 
 (f) a final judgment or judgments that exceed $150 million or more,
individually or in the aggregate, for the payment of money having been entered by a court or courts of competent jurisdiction against the Company and such judgment or judgments is not satisfied, stayed, annulled or rescinded within 60 calendar days
of being entered; 
 (g) the Company pursuant to or within the meaning of any Bankruptcy Law: (1) commences a voluntary
case, (2) consents to the entry of an order for relief against it in an involuntary case, (3) consents to the appointment of a Custodian of it or for all or substantially all of its property, (4) makes a general assignment for the
benefit of its creditors, or (5) generally is unable to pay its debts as the same become due; or 
 (h) a court of
competent jurisdiction enters an order or decree under any Bankruptcy Law, which order or decree remains unstayed and in effect for 60 days, that: (1) is for relief against the Company in an involuntary case, (2) appoints a Custodian of
the Company or for all or substantially all of its property, or (3) orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 60 days. The term “Significant Subsidiary” has the meaning set forth
in Rule 1-02 of Regulation S-X under the Exchange Act.” 

  
 10 

 The term “Bankruptcy Law” means title 11, U.S. Code or any similar
Federal or State law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

A default as described in Section 6.1(d) will not be deemed an Event of Default until the Trustee notifies the Company, or
the Holders of at least 25% in principal amount of the then outstanding Notes notify the Company and the Trustee in writing, of the Default and the Company does not cure the Default within 60 calendar days after receipt of the notice. The notice
must specify the Default, demand that it be remedied and state that the notice is a “Notice of Default.” If such a default is cured within such time period, it ceases. 

With the exception of defaults under Section 6.1(a) or (b), the Trustee will not be charged with knowledge of any Default
or Event of Default or knowledge of any cure of any Default or Event of Default unless a Responsible Officer has received written notice of such Default or Event of Default from the Company or Holders of 25% of the outstanding Notes.” 

(b) For purposes of the Notes, the first paragraph of Section 6.2 of the Base Indenture shall be amended in its entirety to the following:

 (i) “If an Event of Default occurs and is continuing (other than an Event of Default referred to in
Section 6.1(g) or (h)), the Trustee by written notice the Company, or the Holders of at least 25% in principal amount of the Notes then outstanding by written notice to the Company and the Trustee, may declare all Notes to be due and payable
immediately. Upon such declaration of acceleration, all future, scheduled Installment Payments on the Notes will be due and payable immediately. If an Event of Default referred to in Section 6.1(g) or (h) occurs, such an amount will become
automatically and immediately due and payable without any declaration, notice or other act on the part of the Trustee or any Holder.” 

(c) For purposes of the Notes, the second paragraph of Section 6.2 of the Base Indenture shall be amended in its entirety to the
following: 
 (i) “At any time after such declaration of acceleration with respect to any Notes has been made and before
a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article VI provided; the Holders of a majority in principal amount of the then outstanding Note may rescind an acceleration and its consequence
(except an acceleration due to nonpayment of Installment Payments on the Notes), if the rescission would not conflict with any judgment or decree, if all existing Events of Default (other than the non-payment
of accelerated Installment Payments) have been cured or waived as provided in Section 6.13 and if there has been deposited with the Trustee a sum sufficient to pay its fees and expenses in connection with such Event of Default.” 

  
 11 

 (d) For purposes of the Notes, Section 6.13 of the Base Indenture shall be amended and
replaced in its entirety to the following: 
 (i) “The Holders of a majority in principal amount of the Note then
outstanding by written notice to the Trustee and the Company may waive any continuing Default or Event of Default (other than any Default or Event of Default in payment of Installment Payments) on the Notes under the Indenture (provided,
however, that the Holders of a majority in principal amount of the outstanding Notes may rescind an acceleration and its consequences (except an acceleration due to nonpayment of Installment Payments on the Notes), including any related payment
default that related 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.” 
 (e) For purposes of the Notes, Section 6.10
of the Base Indenture shall be amended in its entirety to the following: 
 “Section 6.10. Rights and Remedies Cumulative.

 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in
Section 2.8 and with respect to the Event of Default Relating to Failure to Comply with Section 4.7 and Section 7.10 in Section 6.15, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is
intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent assertion or employment of any other appropriate right or remedy.” 

ARTICLE 7 
 CONCERNING THE TRUSTEE

 Section 7.01 Amendments to Article VII of the Base Indenture. 

(a) For purposes of the Notes, Section 7.5 of the Base Indenture shall be amended and restated in its entirety to the following: 

“The Trustee, within 30 calendar days after the occurrence of a Default with respect to the Notes, will mail or send to all Holders, at
the Company’s expense, notice of all such Defaults actually known to a Responsible Officer, unless such Defaults shall have been cured or waived before the giving of such notice. However, the Trustee may withhold from the Holders notice of any
continuing Default or Event of Default (except a Default or Event of Default in payment of Installment Payments or that resulted from the failure to comply with any obligations described under Section 4.07 of the Purchase Contract Agreement) if
the Trustee determines that withholding such notice is in the Holders’ interest.” 

  
 12 

 ARTICLE 8 

SATISFACTION AND DISCHARGE AND DEFEASANCE 

Section 8.01 Amendments to Section 8.1 of the Base Indenture. 

(a) For purposes of the Notes, Section 8.1 of the Base Indenture shall be amended and restated in its entirety to the following: 

“Section 8.1. Discharge and Defeasance. 

(a) Subject to subsection 8.1(e) below, the Company’s obligations under the Notes and the Indenture will terminate if:

 (i) all Notes previously authenticated and delivered (other than destroyed, lost or stolen Notes that have been replaced)
have been delivered to the Trustee for cancellation and the Company has paid all sums payable by it hereunder; or 

(ii) (1) the Maturity Date occurs within one year, 

(2) the Company irrevocably deposits in trust with the Trustee, in trust solely for the benefit of the Holders, money or U.S.
Government Obligations or a combination thereof sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certificate delivered to the Trustee, without consideration of any reinvestment, to
pay principal of and interest on the Notes to the Maturity Date and to pay all other sums payable by it hereunder, 
 (3) no
Event of Default has occurred and is continuing on the date of the deposit, and 
 (4) the Company delivers to the Trustee
an Officer’s Certificate and an Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the satisfaction and discharge of the Indenture have been complied with. 

(b) The Company shall, subject to subsection 8.1(e) below and the satisfaction of the conditions set forth in subsection 8.1(d)
below, be deemed to have been discharged from its obligations with respect to the Notes on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the
Company shall be deemed to have paid and discharged the entire indebtedness represented by the Notes, which shall thereafter be deemed to be Outstanding only for the purposes of Section 8.2 hereof and the other Sections of this Indenture
referred to in subsection 8.1(e) below, and to have satisfied all of its obligations under the Notes and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments delivered to it by the Company
acknowledging the same). The Company may exercise Legal Defeasance with respect to the Notes notwithstanding the prior exercise of Covenant Defeasance with respect to the Notes. 

  
 13 

 (c) The Company shall, subject to subsection 8.1(e) below and the
satisfaction of the conditions set forth in subsection 8.1(d), be released from its obligations under Section 5.1 (other than Section 5.1(a)(i)(y)), on and after the date that the conditions set forth in subsection 8.1(d) below are
satisfied with respect to the Notes (hereinafter, “Covenant Defeasance”), the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in such covenant, whether directly
or indirectly, by reason of any reference elsewhere herein to such covenant or by reason of any reference in such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event
of Default under Section 6.1, but, except as specified above, the remainder of this Indenture and the Notes shall be unaffected thereby. Subject to the satisfaction of the conditions set forth in subsection 8.1(d) and the exceptions set forth
in subsection 8.1(e), clauses (c), (d), (e), (f), (g) and (h) of Section 6.1, shall not constitute Defaults or Events of Default hereunder. 

(d) In order to exercise either Legal Defeasance or Covenant Defeasance: 

(i) the Company must irrevocably deposit, or cause to be deposited, with the Trustee, in trust, for the benefit of the Holders
of the Notes, cash in U.S. dollars, U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay, without reinvestment, the
principal of, and interest on, the Outstanding Notes (in the form of Installment Payments) on the applicable due dates therefor; 

(ii) in the case of Legal Defeasance, the Company must deliver to the Trustee an Opinion of Counsel reasonably acceptable to
the Trustee or an Internal Revenue Service ruling, in either case to the effect that the Holders of the Notes and beneficial owners thereof will not recognize income, gain or loss for United States federal income tax purposes as a result of such
Legal Defeasance, and will be subject to United States 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; 

(iii) in the case of Covenant Defeasance, the Company must deliver to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee or an Internal Revenue Service ruling, in either case to the effect that the Holders of the Outstanding Notes and beneficial owners thereof will not recognize income, gain or loss for United States federal income tax purposes as a
result of such Covenant Defeasance, and such Holders will be subject to United States 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; 

  
 14 

 (iv) no Default or Event of Default shall have occurred and be continuing on
the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit) or insofar as Events of Default from bankruptcy or insolvency events are concerned, at any time in the period
ending on the 91st day after the date of deposit; 
 (v) 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 the Notes over other creditors of the Company, or with the intent of defeating, hindering, delaying or defrauding creditors of the Company
or others; and 
 (vi) the Company must deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel in the
United States reasonably acceptable to the Trustee, each stating that the conditions precedent provided for or relating to Legal Defeasance or Covenant Defeasance, as applicable, in the Indenture have been complied with. 

(e) Notwithstanding the foregoing, no discharge, Legal Defeasance or Covenant Defeasance pursuant to this Article 8 shall
affect the following obligations to, or rights of, the Holders of the Notes: 
 (i) the rights of registration of transfer
and exchange of the Notes; 
 (ii) the Company’s obligations with respect to the Notes concerning mutilated, destroyed,
lost or stolen Notes; 
 (iii) the rights of Holders of Notes to receive payments in respect of the principal thereof and
interest thereon (in the form of Installment Payments), upon the original due dates therefor, but not upon acceleration; 

(iv) the rights, powers, trusts, duties, indemnities and immunities of the Trustee, and the Company’s obligations in
connection therewith; 
 (v) the rights of Holders of Notes that are beneficiaries with respect to property so deposited with
the Trustee payable to all or any of them; and 
 (vi) the maintenance of an office or agency for payment and money for
payments held in trust.” 
 ARTICLE 9 

NO REDEMPTION 
 Section 9.01
Article III of the Base Indenture Inapplicable. The Notes shall not be redeemable and Article III of the Base Indenture shall not apply to the Notes. 

  
 15 

 ARTICLE 10 

REPURCHASE OF NOTES AT THE OPTION OF THE HOLDER 

Section 10.01 Offer to Repurchase. If the Company causes a Merger Termination Redemption of all of the Purchase Contracts pursuant
to the terms of the Purchase Contract Agreement, then each Holder of Notes (whether any such Note is a Separate Note or constitutes part of a Unit) shall have the right (the “Repurchase Right”) to require the Company to repurchase
some or all of its Notes for cash at the Repurchase Price per Note to be repurchased on the Repurchase Date, pursuant to Section 10.03. The Company shall not be required to repurchase a portion of a Note. Holders shall not have the right to
require the Company to repurchase any or all of such Holders’ Notes in connection with any Early Settlement (as such term is defined in the Purchase Contract Agreement) of such Holders’ Purchase Contracts at the Holders’ option
pursuant to the terms of the Purchase Contract Agreement. 
 Section 10.02 [Reserved]. 

Section 10.03 Procedures for Exercise. 

(a) To exercise the Repurchase Right, a Holder must deliver, prior to the close of business on the Business Day immediately preceding the
Repurchase Date, the Notes to be repurchased (or the Units that include the Notes to be repurchased, if (x) the Merger Termination Redemption Settlement Date occurs on or after the Repurchase Date and (y) the relevant Notes have not been
separated from the Units), together with a duly completed written Repurchase Notice, in each case, subject to and in accordance with applicable procedures of the Depositary, unless the Notes are not in the form of a Global Note (or the Units are not
in the form of Global Units, as the case may be), in which case such Holder must deliver the Notes to be repurchased (or the Units that include the Notes to be repurchased, if (i) the Merger Termination Redemption Settlement Date occurs on or
after the Repurchase Date and (ii) the Notes have not been separated from the Units), duly endorsed for transfer to the Company, together, in either case, with a Repurchase Notice, to the Paying Agent. 

(b) The Repurchase Notice must state the following: 

(i) if Certificated Notes (or Units) have been issued, the certificate numbers of the Notes (or Units), or if the Notes (or
Units) are in the form of a Global Note (or a Global Unit), the Repurchase Notice must comply with appropriate procedures of the Depositary; 

(ii) the number of Notes to be repurchased; and 

(iii) that the Notes are to be repurchased by the Company pursuant to the applicable provisions of the Notes and this Article
10 of the First Supplemental Indenture. 

  
 16 

 (c) In the event that a Merger Termination Redemption occurs with respect to Purchase
Contracts that are a component of Units and the Merger Termination Redemption Settlement Date occurs prior to the Repurchase Date, upon such Merger Termination Redemption Settlement Date, the Company shall execute and the Trustee shall authenticate
on behalf of the holder of the Units and deliver to such holder, at the expense of the Company, Separate Notes in the same form and in the same number as the Notes comprising part of the Units. 

Section 10.04 Withdrawal of Repurchase Notice. 

(a) A Holder may, subject to and in accordance with applicable procedures of the Depositary, in the case of a Global Note or Global Unit,
withdraw any Repurchase Notice (in whole or in part) by a written, irrevocable notice of withdrawal delivered to the Paying Agent, with a copy to the Trustee and the Company, prior to the close of business on the Business Day immediately preceding
the Repurchase Date. 
 (b) The notice of withdrawal must state the following: 

(i) the number of the withdrawn Notes; 

(ii) if Certificated Notes (or Units) have been issued, the certificate numbers of the withdrawn Notes (or Units), or if the
Notes (or Units) are in the form of a Global Note (or a Global Unit), the notice of withdrawal must comply with appropriate Depositary procedures; and 

(iii) the number of Notes, if any, that remain subject to the Repurchase Notice. 

Section 10.05 Effect of Repurchase. (a) The Company shall be required to repurchase the Notes with respect to which the
Repurchase Right has been validly exercised and not withdrawn on the Repurchase Date. To effectuate such repurchase, the Company shall deposit immediately available funds with the Paying Agent, on or prior to 11:00 a.m., New York City time, on the
Repurchase Date, in an amount or amounts sufficient to pay the Repurchase Price with respect to those Notes for which the Repurchase Right has been exercised. A Holder electing to exercise the Repurchase Right shall receive payment of the Repurchase
Price on the later of (i) the Repurchase Date and (ii) the time of book-entry transfer or the delivery of the Notes (or Units, as applicable). 

(b) If the Paying Agent holds money on the Repurchase Date sufficient to pay the Repurchase Price with respect to those Notes for which the
Repurchase Right has been exercised, then (i) such Notes shall cease to be outstanding and interest shall cease to accrue thereon (whether or not book-entry transfer of the Notes or Units, as applicable, is made or whether or not the Notes or
Units, as applicable, are delivered as required herein), and (ii) all other rights of the Holder shall terminate (other than the right to receive the Repurchase Price and, if the Repurchase Date falls between a Regular Record Date and the
corresponding Installment Payment Date, the related Installment Payment). 
 (c) The Company shall, in connection with any repurchase offer
pursuant to this Article 8, if required, comply with the provisions of the tender offer rules under the Exchange Act that may then be applicable. 

  
 17 

 (d) Notwithstanding anything to the contrary herein, no Notes may be repurchased at the
option of Holders if the principal amount thereof has been accelerated, and such acceleration has not been rescinded, on or prior to the Repurchase Date (except in the case of an acceleration resulting from a Default by the Company in the payment of
the Repurchase Price with respect to such Notes). 
 Section 10.06 No Sinking Fund. The Notes are not entitled to the benefit of
any sinking fund. 
  
 ARTICLE 11 

TAX TREATMENT 

Section 11.01 Tax Treatment. The Company and each Beneficial Holder agree, for United States federal income tax purposes, to treat
the Notes as indebtedness of the Company. 
 ARTICLE 12 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 12.01 Amendments to Article IX of the Base Indenture. 

(a) For purposes of the Notes, Section 9.1 of the Base Indenture shall be amended and replaced in its entirety to the following: 

“Without notice to or the consent of any Holder of the Notes, the Company and the Trustee may amend or supplement this
Indenture or the Notes in the following circumstances: 
 (1) to cure any ambiguity, omission, defect or inconsistency,
provided that such amendments or supplements shall not adversely affect the interests of the Holders in any material respect; 

(2) to provide for the assumption by a successor corporation of the Company’s obligations under this Indenture as provided
for in Section 5.1; 
 (3) to comply with any requirement to effect or maintain the qualification of this Indenture
under the Trust Indenture Act of 1939, as amended, if applicable; 
 (4) to evidence and provide for the acceptance of and
appointment by a successor trustee with respect to the Notes, and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts under the Indenture by more than one
trustee; 
 (5) to provide for uncertificated or unregistered Securities in addition to or in place of Certificated
Securities and to make all appropriate changes for such purpose; provided, that all Notes are issued in registered form for purposes of Section 163(f) of the Internal Revenue Code of 1986, as amended; 

  
 18 

 (6) to provide any security for or guarantees of the Notes; 

(7) to add covenants or Events of Default for the benefit of the Holders or to surrender any right or power the Company has
under this Indenture or the Notes; 
 (8) to make any change that does not adversely affect the rights of any Holder in any
material respect; 
 (9) to provide for the issuance of additional Notes in accordance with the limitations set forth in the
Indenture; and 
 (10) to conform the provisions of this Indenture to the “Description of the Amortizing Notes”
section in the Prospectus Supplement, as supplemented and/or amended by the related pricing term sheet.” 
 (b) For purposes of the
Notes, Section 9.3 of the Base Indenture shall be amended in its entirety to the following: 
 “Without the consent
of each Holder of Notes affected thereby, an amendment, supplement or waiver may not (with respect to any Notes held by a non-consenting Holder): 

(1) change any Installment Payment Date or the amount owed on any Installment Payment Date; 

(2) reduce the principal amount of the Notes or the rate of interest thereon; 

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

(4) make any change in the percentage of principal amount of the Notes necessary to waive compliance with Sections 6.8 and 6.13
of the Base Indenture or to make any change in this Section 9.3 of the Base Indenture. 
 (5) change the ranking of the
Notes; 
 (6) make payments on the Notes payable in currency other than as originally stated in such Notes; and 

(7) reduce the Repurchase Price or amend or modify in any manner adverse to the Holders of the Notes the Company’s
obligation to make such payment. 

  
 19 

 It is not necessary for the consent of any Holder to approve the particular
form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof.” 
 (c)
For the purpose of the Notes, Section 9.2 of the Base Indenture shall be amended and replaced in its entirety to the following: 

“Section 9.2. With Consent of Holders 

Without prior notice to any Holders, this Indenture or the Notes may be amended or supplemented, and waivers may be obtained,
with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes voting as a single class. It is not necessary for the consent of any Holder to approve the particular form of any proposed amendment,
supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 For the avoidance of
doubt, any amendment, supplement or waiver to the Notes made with the consent of Holders of the Notes, shall be made with respect to the Notes only, and not any other Series of Securities.” 

(d) For purposes of the Notes, Article IX of the Base Indenture shall be amended and supplemented by adding the following section after
Section 9.7: 
 “Section 9.8. Notice of Amendment, Supplement and Waiver. 

After an amendment, supplement or waiver becomes effective, the Company shall give to the Holders affected thereby a notice
briefly describing the amendment, supplement or waiver. The Company will mail or send supplemental indentures to Holders upon request. Any failure to mail or send such notice, or any defect therein, shall not, however, in any way impair or affect
the validity of any such supplemental indenture or waiver.” 
 ARTICLE 13 

MISCELLANEOUS 
 Section 13.01
Governing Law and Jury Trial Waiver. THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING AS AMONG THE COMPANY AND THE TRUSTEE ONLY ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE OR THE NOTES. 

Section 13.02 No Security Interest Created. Nothing in this Supplemental Indenture or in the Notes, expressed or implied, shall be
construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction. 

  
 20 

 Section 13.03 Benefits of Indenture. Nothing in this Supplemental Indenture, the
Base Indenture or in the Notes, express or implied, shall give or be construed to give to any Person, other than the parties hereto and the Holders, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture, or
under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto and of the Holders. 

Section 13.04 Effect on Successors and Assigns. All the covenants, stipulations, promises and agreements in this Supplemental
Indenture contained by or on behalf of the Company shall bind their respective successors and assigns, whether so expressed or not. 

Section 13.05 Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for
convenience only and shall not affect the construction hereof. 
 Section 13.06 Counterparts. This Supplemental Indenture may be
executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 

Section 13.07 Separability. In case any one or more of the provisions contained in this Supplemental Indenture or in the Notes
shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture or of the Notes, but this Supplemental
Indenture and the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

Section 13.08 Ratification of Indenture. The Indenture, as supplemented by this Supplemental Indenture, is in all respects
ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. The provisions of this Supplemental Indenture shall, subject to the terms hereof, supersede
the provisions of the Base Indenture to the extent the Base Indenture is inconsistent herewith. 
 Section 13.09 Conflicts with
Trust Indenture Act. If and to the extent that any provision of this Supplemental Indenture limits, qualifies or conflicts with a provision required under the terms of the Trust Indenture Act, such Trust Indenture Act provision shall control.

 [Remainder of the page intentionally left blank] 

  
 21 

 SIGNATURES 

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

  

			
	COLFAX CORPORATION, as the Company
		
	By:	 	 /s/ Christopher Hix

	Name:	 	Christopher Hix
	Title:	 	Senior Vice President, Finance, Chief Financial Officer and Treasurer

  

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Philip G. Kane, Jr.

	Name:	 	Philip G. Kane, Jr.
	Title:	 	Vice President

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [THIS
NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY
NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY (THE “DEPOSITARY”) TO A 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 NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]* 
  

	* 	 Include only if a Global Note. 

  
 A-1 

 COLFAX CORPORATION 

6.50% SENIOR AMORTIZING NOTES DUE 2022 
 CUSIP
No.: [ 🌑 ] 
 ISIN No.: [ 🌑 ] 

No. [ 🌑 ] [Initial]* Number of Notes: [ 🌑 ] 
 COLFAX CORPORATION, a Delaware corporation (the “Company”, which term
includes any successor under the Indenture hereinafter referred to), for value received, hereby promises to pay to [CEDE & CO., as nominee of The Depository Trust Company]†  [🌑]‡, or registered assigns (the “Holder”), the initial principal amount of $15.6099 for each of the number of Notes set forth above[, which number of Notes may
from time to time be reduced or increased as set forth in Schedule A hereto, as appropriate, in accordance with the terms of the Indenture]§, in equal quarterly installments (except for the
first such payment) (each such payment, an “Installment Payment”), constituting a payment of interest (at a rate of 6.50% per annum) and a partial repayment of principal, payable on each January 15, April 15, July 15
and October 15, commencing on April 15, 2019 (each such date, an “Installment Payment Date”, and the period from, and including, January 11, 2019 to, but excluding, the first Installment Payment Date and thereafter
each quarterly period from, and including, the immediately preceding Installment Payment Date to, but excluding, the relevant Installment Payment Date, an “Installment Payment Period”) with the final Installment Payment due and
payable on January 15, 2022, all as set forth on the reverse hereof and in the Indenture referred to on the reverse hereof. 
 Each
Installment Payment for any Installment Payment Period shall be computed on the basis of a 360-day year of twelve 30-day months. If an Installment Payment is payable for
any period shorter than a full Installment Payment Period, such Installment Payment shall be computed on the basis of the actual number of days elapsed per 30-day month. Furthermore, if any date on which an
Installment Payment is payable is not a Business Day, then payment of the Installment Payment on such date shall be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay.
Installment Payments shall be paid to the Person in whose name the Note is registered, with limited exceptions as provided in the Indenture, at the close of business on the Business Day immediately preceding the related Installment Payment Date
(each, a “Regular Record Date”). If the Notes do not remain in book-entry only form, the Company shall have the right to elect that each Regular Record Date shall be each January 1, April 1, July 1 and October 1
immediately preceding the relevant Installment Payment Date by giving 10 days’ advance written notice to the Trustee and the Holders. Installment Payments shall be payable (x) in the case of any Certificated Note, at the office or agency
of the Company maintained for that 
  

	*	 Include only if a Global Note. 

	†	 Include only if a Global Note. 

	‡	 Include only if not a Global Note. 

	§ 	 Include only if a Global Note. 

  
 A-2 

 
purpose in the Borough of Manhattan, The City of New York; provided, however, that payment of Installment Payments may be made at the option of the Company by check mailed to the
registered Holder at such address as shall appear in the Security Register or (y) in the case of any Global Note, by wire transfer in immediately available funds to the account of the Depositary or its nominee or otherwise in accordance with
applicable procedures of the Depositary. 
 This Note shall not be entitled to any benefit under the Indenture hereinafter referred to or be
valid or obligatory for any purpose until the Certificate of Authentication shall have been manually signed by or on behalf of the Trustee. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 [SIGNATURES ON THE FOLLOWING PAGE] 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: 
 [CORPORATE SEAL] 

 

			
	COLFAX CORPORATION

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	CERTIFICATE OF AUTHENTICATION
	U.S. Bank National Association, as Trustee, certifies that this is one of the Securities of the series designated herein referred to in the within mentioned Indenture.
		
	Dated:	 	
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee

			
		
	By:	 	  

			
	Authorized Signatory

  
 A-4 

 [REVERSE OF NOTE] 

COLFAX CORPORATION 
 6.50% Senior
Amortizing Notes due 2022 
 This Note is one of a duly authorized series of Securities of the Company designated as its 6.50% Senior
Amortizing Notes due 2022 (herein sometimes referred to as the “Notes”), issued under the Indenture, dated as of January 11, 2019, between the Company and U.S. Bank National Association, as trustee (the
“Trustee,” which term includes any successor trustee under the Indenture) (including any provisions of the Trust Indenture Act that are deemed incorporated therein) (the “Base Indenture”), as supplemented by the
First Supplemental Indenture, dated as of January 11, 2019 (the “Supplemental Indenture”), between the Company and the Trustee (the Base Indenture, as supplemented by the Supplemental Indenture, the
“Indenture”), to which Indenture reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders. The terms of other series
of Securities issued under the Base Indenture may vary with respect to interest rates, issue dates, maturity, redemption, repayment, currency of payment and otherwise as provided in the Base Indenture. The Base Indenture further provides that
securities of a single series may be issued at various times, with different maturity dates and may bear interest at different rates. This series of Securities is limited in aggregate initial principal amount as specified in the Supplemental
Indenture. 
 Each Installment Payment shall constitute a payment of interest (at a rate of 6.50% per annum) and a partial repayment of
principal on the Notes, allocated with respect to each Note as set forth in the schedule below: 
  

									
	 Installment Payment Date
	  	Amount
of
Principal	 	  	Amount
of
Interest	 
	 April 15, 2019
	  	$	1.2365	 	  	$	0.2649	 
	 July 15, 2019
	  	$	1.2039	 	  	$	0.2336	 
	 October 15, 2019
	  	$	1.2235	 	  	$	0.2140	 
	 January 15, 2020
	  	$	1.2434	 	  	$	0.1941	 
	 April 15, 2020
	  	$	1.2636	 	  	$	0.1739	 
	 July 15, 2020
	  	$	1.2841	 	  	$	0.1534	 
	 October 15, 2020
	  	$	1.3050	 	  	$	0.1325	 
	 January 15, 2021
	  	$	1.3262	 	  	$	0.1113	 
	 April 15, 2021
	  	$	1.3477	 	  	$	0.0898	 
	 July 15, 2021
	  	$	1.3696	 	  	$	0.0679	 
	 October 15, 2021
	  	$	1.3919	 	  	$	0.0456	 
	 January 15, 2022
	  	$	1.4145	 	  	$	0.0230	 

 The Notes shall not be subject to redemption at the option of the Company. However, a Holder shall have the
right to require the Company to repurchase some or all of its Notes for cash at the Repurchase Price per Note and on the Repurchase Date, upon the occurrence of certain events and subject to the conditions set forth in the Indenture. 

  
 A-5 

 This Note is not entitled to the benefit of any sinking fund. The Indenture contains
provisions for satisfaction and discharge, legal defeasance and covenant defeasance of this Note upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note. 

If an Event of Default with respect to the Notes shall occur and be continuing, then (unless no declaration of acceleration or notice is
required for such Event of Default) either the Trustee or the Holders of not less than 25% in principal amount of the Notes then outstanding may declare the aggregate principal amount of the Notes, and all interest accrued thereon, to be due and
payable immediately, in the manner, subject to the conditions and with the effect provided in the Indenture. 
 The Indenture permits, with
certain exceptions as therein provided, the Company and the Trustee, with the consent of the Holders of not less than a majority in principal amount of the Notes at the time outstanding, to execute supplemental indentures for certain purposes as
described therein. 
 No provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute
and unconditional, to pay the Repurchase Price, if applicable, of and all Installment Payments on this Note at the time, place and rate, and in the coin or currency, herein and in the Indenture prescribed. 

The Notes are originally being issued as part of the 5.75% Tangible Equity Units (the “Units”) issued by the Company pursuant
to that certain Purchase Contract Agreement, dated as of January 11, 2019, between the Company and U.S. Bank National Association, as Purchase Contract Agent, as Trustee and as
attorney-in-fact for the holders of Purchase Contracts from time to time (the “Purchase Contract Agreement”). Holders of the Units have the right to
separate such Units into their constituent parts, consisting of Separate Purchase Contracts (as defined in the Purchase Contract Agreement) and Separate Notes, during the times, and under the circumstances, described in the Purchase Contract
Agreement. Following separation of any Unit into its constituent Separate Note and Separate Purchase Contract, the Separate Notes are transferable independently from the Separate Purchase Contracts. In addition, Separate Notes can be recombined with
Separate Purchase Contracts to recreate Units, as provided for in the Purchase Contract Agreement. Reference is hereby made to the Purchase Contract Agreement for a more complete description of the terms thereof applicable to the Units. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note shall be registered on the
Security Register of the Company, upon due presentation of this Note for registration of transfer at the office or agency of the Company in the Borough of Manhattan, The City of New York, duly endorsed by, or accompanied by a written instrument or
instruments of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon the Company shall execute and the Trustee shall authenticate and deliver in
the name of the transferee or transferees a new Note or Notes in authorized denominations and for a like aggregate principal amount. 

  
 A-6 

 The Notes are initially issued in registered, global form without coupons in denominations
equal to $15.6099 initial principal amount and integral multiples in excess thereof. 
 The Company or Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer of this Note. No service charge shall be made for any such transfer or for any exchange of this Note as contemplated by the
Indenture. 
 The Company, the Trustee and any agent of the Company or the Trustee may deem and treat the Person in whose name this Note is
registered upon the Security Register for the Notes as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the Registrar) for the purpose
of receiving payment of or on account of the principal of and, subject to the provisions of the Indenture, interest on this Note and for all other purposes; and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be
affected by any notice to the contrary. 
 This Note and the Indenture shall be governed by, and construed in accordance with, the laws
of the State of New York. 
 Capitalized terms used but not defined in this Note shall have the meanings ascribed to such terms in the
Indenture. 
 No recourse shall be had for the payment of any Installment Payment on this Note, or for any claim based hereon, or upon any
obligation, covenant or agreement of the Company in the Indenture, against any incorporator, stockholder, officer or director, past, present or future of the Company or of any predecessor or successor, either directly or through the Company or any
predecessor or successor, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment of penalty or otherwise; and all such personal liability is expressly released and waived as a condition of, and as part
of the consideration for, the issuance of this Note. 
 The Company and each Beneficial Holder agrees, for United States federal income tax
purposes, to treat the Notes as indebtedness of the Company. 
 In the event of any inconsistency between the provisions of this Note and
the provisions of the Indenture, the Indenture shall prevail. 

  
 A-7 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Note to: 

(Insert assignee’s social security or tax identification number) 

(Insert address and zip code of assignee) 
 and irrevocably
appoints 
 agent to transfer this Note on the books of the Company. The agent may substitute another to act for him or her. 

Date: 
 Signature: 

Signature Guarantee: 

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

  
 A-8 

 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended. 
  

			
	By:	 	  

		 	Name:
		 	Title:
	
	as Trustee

  

			
	By:	 	  

		 	Name:
		 	Title:

  

			
	Attest
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-9 

 FORM OF REPURCHASE NOTICE 

 

	TO:	 COLFAX CORPORATION 

U.S. BANK NATIONAL ASSOCIATION, as Trustee 

The undersigned registered Holder hereby irrevocably acknowledges receipt of a notice from Colfax Corporation (the “Company”)
regarding the right of Holders to elect to require the Company to repurchase the Notes and requests and instructs the Company to pay, for each Note designated below, the Repurchase Price for such Notes (determined as set forth in the Indenture), in
accordance with the terms of the Indenture and the Notes, to the registered holder hereof. Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the Indenture. The Notes shall be repurchased by the Company
as of the Repurchase Date pursuant to the terms and conditions specified in the Indenture. 
 Dated: 

Signature: 

NOTICE: The above signature of the Holder hereof must correspond with the name as written upon the face of the Notes in every particular
without alteration or enlargement or any change whatever. 
 Notes Certificate Number (if applicable): ____________________ 

Number of Notes to be repurchased (if less than all, must be one Note or integral multiples in excess thereof): ____________________ 

Social Security or Other Taxpayer Identification Number: ____________________ 

  
 A-10 

 SCHEDULE A 

[SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE]6 

The initial number of Notes evidenced by this Global Note is [ 🌑 ]. The following
increases or decreases in this Global Note have been made: 
  

									
	 Date
	 	 Amount of decrease in
number of Notes

evidenced hereby
	 	 Amount of

increase in
 number
of
 Notes evidenced

hereby
	  	 Number of

Notes evidenced

hereby
 following
such
 decrease (or

increase)
	  	 Signature

of
 authorized

officer of

Trustee

  

 

	6 	 Include only if a Global Note. 

  
 A-11

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