Document:

ex10-1.htm

Exhibit 10.1

 

 

SEPARATION AND GENERAL RELEASE AGREEMENT

 

THIS SEPARATION AND GENERAL RELEASE AGREEMENT (“Agreement”) is entered into as of May 29, 2015 (the “Effective Date”), by and between The Providence Service Corporation, a Delaware corporation (the “Company”), and Warren S. Rustand, an Arizona resident (“Executive”). The Company and Executive are each individually referred to herein as a “Party,” and collectively referred to as the “Parties.” The subsidiaries of the Company and any entities managed by, or on behalf of, the Company or its subsidiaries are referred to herein as the “Group Companies”.

 

RECITALS

 

WHEREAS, Executive has been employed by the Company as the Chief Executive Officer of the Company;

 

WHEREAS, the Company and Executive desire to enter into this Agreement, in connection with the resignation by Executive from his position as the Chief Executive Officer and a director of the Company, and as an employee, officer, director or other position with any Group Company, other than as provided in Section 2, which resignation shall be deemed to be a termination of Employee’s employment with the Company for purposes of Section 5(d) of the Employment Agreement, dated as of May 7, 2013, between the Company and Executive (the “Employment Agreement”); 

 

WHEREAS, following Executive’s resignation from his position as the Chief Executive Officer and a director of the Company, Executive will serve as a senior advisor for the Company; and

 

WHEREAS, the Company and Executive desire to set forth their mutual agreement concerning the terms and conditions relating to Executive’s resignation from his position as Chief Executive Officer of the Company, Executive’s service as senior advisor for the Company during the period stated herein, and the precise nature and amount of compensation to be provided to Executive and any other rights and obligations of the Company and Executive following the Effective Date, including but not limited to in respect of any rights of Executive under the Employment Agreement. Unless otherwise provided herein, capitalized terms in this Agreement shall have the definitions set forth in the Employment Agreement. 

 

NOW, THEREFORE, on the basis of the foregoing facts, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and in further consideration of the mutual covenants and agreements contained herein, the Parties agree as follows: 

 

AGREEMENT

 

1.     Termination of Employment. Executive hereby confirms that, effective as of the Effective Date, he has resigned as Chief Executive Officer and director of the Company, and as an employee, officer, director or other position with any Group Company, other than as set forth in Section 2. Executive and the Company each agrees to execute any documents reasonably requested by the other Party to implement Executive’s resignation from any such positions and to otherwise carry out the terms of this Agreement.

 

 

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2.     Senior Advisor Role. The Parties hereby agree that, from the Effective Date through December 31, 2015 (the “Severance Date”), Executive will serve as a senior advisor to the Company. In connection with this role, Executive shall: (a) follow the direction of the Chairman of the Board of Directors of the Company; (b) be available to provide at least twenty-five (25) hours of services each week at mutually agreeable times; and (c) be subject to, and shall follow, all policies and practices applicable to employees of the Company. During the period of Executive’s service as a senior advisor, and subject to Executive’s continued performance in all material respects throughout such period of his obligations set forth in this Section 2 and otherwise as required by this Agreement, Executive shall be entitled to the compensation and benefits described in Section 4 and shall be entitled to continue to participate in the Company’s health insurance plans and other benefits as described in Exhibit A attached hereto. Other than as herein expressly set forth, Executive shall not be entitled to any other payments or benefits from any Group Company in connection with his service as a senior advisor for the Company or otherwise in respect of the period following the Effective Date and to and including the Severance Date. Following the Effective Date and until the Severance Date, Executive shall not have or agree to commence any other employment, advisory, consulting or other roles for or with “for profit” businesses or entities other than the Company as contemplated in this Agreement; provided that Executive may provide mentoring services to executives and may deliver general business presentations (that is, for general business concepts and strategies, not relating to the Company or engaging in business in any particular industry) to “for profit” and “not for profit” entities. Furthermore, any presentations or other communications that reference the Company must receive prior written approval from the Chairman of the Board of Directors of the Company. For all purposes of this Agreement, if the Company believes Executive is not performing in all material respects as required by this Agreement, and the Company intends to assert such lack of performance in a manner which would cause a material diminution of the benefits of this Agreement to Executive, the Company will provide notice of such lack of performance and Executive will have five (5) business days to cure such lack of performance.

 

3.     Effectiveness. This Agreement is effective as of the Effective Date, except as to Paragraph 4 which shall take effect as of the close of business on the seventh (7th) day after this Agreement has been executed, unless previously revoked by Executive in writing in accordance with Paragraph 19. 

 

 

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4.     Payments. 

 

(a)     Payments Pursuant to the Terms of the Employment Agreement. Pursuant to the terms of the Employment Agreement and subject to Executive’s continuing compliance in all material respects with all terms of this Agreement and Section 7 of the Employment Agreement, and Executive not revoking this Agreement prior to the expiration of the Revocation Period (as defined below), Executive or his successors, heirs or survivors shall be entitled to receive the following:

 

i.     Cash payments equal to the amounts that Executive would have received as Base Salary under the Employment Agreement if he were employed by the Company through December 31, 2015, which shall be paid at the times that Executive would have received such payments if he were employed by the Company through December 31, 2015, in each case less an amount as may be required to be deducted for the payment of federal and state taxes and other appropriate withholdings and deductions; 

 

ii.     An amount based on the annual performance cash bonus award relating to the performance of the Company during 2015, which amount will be calculated based on the same criteria and paid at the same time as payments are made in respect of similar awards to which other executives of the Company are entitled; and 

 

iii.     In lieu of any other payments in respect of the Life Insurance (as that term is defined in the Employment Agreement), the Company will pay to you $64,000 within ten (10) days following the Severance Date and $64,000 within twelve (12) months thereafter.

 

(b)     PRSUs. Subject to Executive’s continuing compliance in all material respects with all terms of this Agreement and Section 7 of the Employment Agreement, and Executive not revoking this Agreement prior to the expiration of the Revocation Period, Executive shall be entitled to receive any amounts payable in respect of the performance restricted stock units (PRSUs) issued to the Executive on May 6, 2013, which amounts will be calculated based on the same criteria and paid at the same time as payments are made in respect of similar amounts to employees who received performance restricted stock units (PRSUs) on May 6, 2013. 

 

(c)     Options. Subject to Executive’s continuing compliance in all material respects with all terms of this Agreement and Section 7 of the Employment Agreement, and Executive not revoking this Agreement prior to the expiration of the Revocation Period, with respect to Executive’s option to purchase 200,000 shares of common stock of the Company (the “Option”), which Option was granted on September 11, 2014, that portion of the Option that would have vested on June 30, 2015 will automatically vest on the day following the expiration of the Revocation Period. The portion of the Option that has vested prior to the date hereof and the portion of the Option that will vest on the day following the expiration of the Revocation Period (subject to the terms of the foregoing sentence) are collectively referred to as the “Vested Portion.” Executive will be permitted to exercise the Option with respect to up to 100% of the Vested Portion during the period commencing the day following the expiration of the Revocation Period and until or on June 30, 2017, and up 50% of the Vested Portion during the period commencing July 1, 2017 and until or on June 30, 2018. 

 

(d)     Restricted Stock Grants. Subject to Executive’s continuing compliance in all material respects with all terms of this Agreement and Section 7 of the Employment Agreement, and Executive not revoking this Agreement prior to the expiration of the Revocation Period, any portion of shares of common stock of the Company subject to any Restricted Stock Grant awarded to Executive prior to the Effective Date that are scheduled to vest on or prior to the Severance Date will vest as scheduled.

 

 

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5.     Release. 

 

(a)     To induce the Company to enter into this Agreement and to perform its obligations hereunder, subject to the terms of this Agreement, Executive promises not to sue and irrevocably and unconditionally releases, waives and forever discharges the Company and each of its Affiliates, and all of the Company’s and such Affiliates’current and former directors, officers, employees, attorneys, agents, investors, shareholders, and contractors and their heirs, executors and assigns, and any and all employee pension benefit or welfare benefit plans of the Company, including current and former trustees and administrators of such employee pension benefit and welfare benefit plans (collectively, the “Released Parties”), from any and all civil suits, causes of action, claims for damages, expenses, costs and liabilities of any nature whatsoever (collectively referred to as “claims”), arising, occurring or existing at any time prior and up to the Effective Date, whether now known or unknown (the “General Release”). Executive expressly acknowledges and understands that this General Release is intended to and does waive all civil claims including, without limitation, the following: 

 

i.     Any and all claims arising from or relating to Executive’s employment with the Company and all Released Parties and/or Executive’s separation from the Company of any nature whatsoever, be they common law or statutory, legal or equitable, in contract or tort, including but not limited to, any and all claims under the Employment Agreement, for breach of the Released Parties’ policies, rules, regulations, or handbooks or for breach of express or implied contracts or express or implied covenants of good faith and any and all claims for promissory estoppel, wrongful discharge, whistle blowing, defamation, invasion of privacy, violation of public policy, retaliation, assault or battery, mental or emotional distress or any other personal injury; any and all claims for back pay, front pay, vacation pay, bonuses or incentives, or for compensation of any nature, any kind of compensatory, special or consequential damages, punitive or liquidated damages, unemployment compensation, attorney’s fees, costs, disbursements or expenses of any kind whatsoever. Executive is not waiving any rights that cannot be waived by law but does forever waive his right to recover any damages should any state, local or federal agency ever pursue a claim on Executive’s behalf against the Released Parties relating to any matter whatsoever that occurred prior to or up to the Effective Date. This release does not apply to rights or claims that first arise after the Effective Date, to any vested rights that Executive may have to medical benefits under the Company’s medical plan or benefits under the Company’s 401(k) savings plan to the extent funded as of the Effective Date or as of the Severance Date, or to any claim for unemployment compensation benefits. 

 

ii.     Any and all civil claims arising prior to or up to the Effective Date under federal, state or local constitutions, laws, rules or regulations or common law regulating employer conduct or prohibiting employment discrimination based upon age, race, color, sex, religion, handicap or disability, national origin, sexual orientation, or any other protected category or characteristic, including but not limited to any and all claims arising under the Age Discrimination in Employment Act of 1967 (ADEA), Title VII of the Civil Rights Act of 1964, the Equal Pay Act, the Fair Labor Standards Act, the Civil Rights Acts of 1866, 1871 and 1991, the Americans with Disabilities Act, the Employee Retirement Income Security Act (ERISA), the Family and Medical Leave Act (FMLA), the Rehabilitation Act of 1973, the Arizona Civil Rights Act, the Arizona Equal Pay Act, and/or under any other federal, state, and local equal employment, fair employment, civil or human rights laws, discrimination statutes, codes or ordinances, rules or regulations. This release does not apply to rights or claims that first arose after the Effective Date. As of the date of the signing of this Agreement, Executive affirms that he has not made any allegation and is unaware of any facts or circumstances that might give rise to a claim or charge of discrimination, harassment, retaliation, unpaid wages, or overtime on behalf of any of the Released Parties.

 

 

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iii.     Any and all other civil claims arising prior to or up to the Effective Date for damages, costs, expenses and or attorneys’ fees of any kind whatsoever that Executive has or may have against the Released Parties at the time Executive signs this Agreement whether he knows about them or not. This release does not apply to rights or claims that first arose after the Effective Date. 

 

iv.     This Agreement does not release any claims that the law does not permit Executive to release. Further, Executive is not releasing the Company for any obligation the Company may otherwise have to indemnify Executive for Executive’s acts within the course and scope of the employment with the Company, pursuant to the articles and bylaws of the Company, any rights Executive may have under the Company’s Employed Lawyers Liability Insurance Policy, or the obligations of the Company set forth or referenced in this Agreement as continuing obligations of the Company. 

 

(b)     Notwithstanding the foregoing, Executive is entitled to payments and rights expressly set forth in this Agreement. Other than the sums and benefits set forth in this Agreement, there are no other sums payable to the Executive by any of the Released Parties. This release does not foreclose an action by either Party to enforce the terms of this Agreement. Such action shall be determined by final and binding arbitration, pursuant to Paragraph 10(b)

 

6.     Pursuit of Claims. Executive acknowledges that he has not filed, initiated, or prosecuted (or caused to be filed, initiated, or prosecuted) any lawsuit, complaint, charge, action, compliance review, investigation, or proceeding with respect to any claim this Agreement purports to waive, and promises never to do so in the future, whether as a named plaintiff, class member, or otherwise. If, unbeknownst to Executive, such a complaint, charge or lawsuit has been filed on his behalf, he will use his best efforts to cause it immediately to be withdrawn and dismissed with prejudice. However, the preceding sentences shall not preclude Executive from filing or prosecuting a charge with any administrative agency with respect to any such claim as long as he does not seek any damages, remedies, or other relief for himself personally, which Executive promises not to do, and any right to which Executive hereby waives. If Executive is ever awarded or recovers any amount as to a claim he has purported to waive in this Agreement, Executive agrees that the amount of the award or recovery shall be reduced by the amounts he was paid under this Agreement. To the extent such a setoff is not affected, Executive promises to pay, or assign to Company his right to receive, the amount that should have been set off. If Executive does bring a claim this Agreement purports to waive, Executive agrees to immediately return the amount paid under this release increased appropriately for the time value of money, using an interest rate of 10 percent per annum.

 

7.     No Admission. This Agreement is not an admission by either Executive or the Company of any wrongdoing or liability.

 

 

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8.     No Authority to Bind the Company. As of the date hereof, Executive has no authority to enter into any contracts that bind the Company or any Group Company or create obligations on the part of the Company. 

 

9.     Cooperation with Pending or Future Legal Proceedings. 

 

(a)     So long as the Company pays all reasonable costs and expenses of Executive (including travel, lodging and meals, and any legal counsel for Executive to the extent, in the opinion of counsel for the Company, appointment of the same is reasonably required), and per diem amounts at the Company’s standard hourly rates for consultants and subject to the Company’s standard terms, Executive agrees to reasonably cooperate with the Company in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company, or involving the Company’s participation as a non-party, which relate to events or occurrences that transpired while Executive was employed by the Company. Executive’s reasonable cooperation in connection with such claims or actions shall include, but not be limited to, being reasonably available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of the Company. Executive also agrees to reasonably cooperate with the Company in connection with any investigation or review of any federal, state, or local regulatory authority as any such investigation or review relates to events or occurrences that transpired while Executive was employed by the Company. The Company shall pay or reimburse Executive for Executive's reasonable out of pocket travel costs incurred by Executive related to the Company's request for Executive to assist the Company or its legal counsel with respect to any such legal proceedings, or as may be required pursuant to subpoena or other legal process involving the Company and Executive and shall provide compensation to Executive for his time and efforts at a rate to be mutually agreed by Company and Executive. Executive understands that in any legal action, investigation, or review covered by this Paragraph 9, the Company expects Executive to provide only accurate and truthful information or testimony.

 

(b)     Executive will not collaborate or communicate with anyone outside of the Company regarding any matter that involves the Company and/or any of the Released Parties except as required by law or in order to fulfill the requirements of his continued employment by the Company. If anyone approaches Executive about any such matter, Executive shall not disclose any information about the Company to that person or entity without the Company’s prior written approval.

 

(c)     If Executive is served with any legal process that would require Executive to give testimony regarding any matter in which the Company and/or any of the Released Parties is a party, Executive shall give electronic notice to the Company to the attention of the Chairman of the Board of Directors of the Company and to the Chief Executive Officer of the Company, within forty-eight (48) hours of Executive being served or receiving such legal process. Executive must not respond to the legal process until the latest time allowable under the law, to give the Company and/or the Released Party an opportunity within the maximum time allowed by law to file a motion objecting to the legal process and to obtain a ruling from the court. 

 

 

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10.     Governing Law; Dispute Resolution Procedure; and Venue. 

 

(a)     This Agreement has been drafted in contemplation of and shall be construed in accordance with and governed by the law of the State of Arizona, to the extent not preempted by federal law. 

 

(b)     Executive agrees to resolve any disputes that he may have with Company or any of the Released Parties through final and binding, non-appealable arbitration in Tucson, Arizona, including disputes regarding the validity of this General Release. Such arbitration shall be conducted by JAMS in accordance with its employment dispute resolution rules. This agreement to arbitrate does not apply to government agency proceedings. Executive agrees that his violation of the confidentiality and non-disparagement provisions of this Agreement or Section 7 of the Employment Agreement are not able to be remedied by damages alone and that injunctive relief may be sought to bar or stop any such violations.

 

By writing my initials in the following blank, ____, I am acknowledging that I understand this paragraph’s arbitration requirements and that arbitration would be in lieu of a jury trial.

 

11.     Restrictive Covenants. 

 

(a)     Executive agrees that following the Effective Date, he will continue to be subject to, and shall comply with, all of the terms set forth in Section 7 of the Employment Agreement, and the terms thereof shall be deemed to be incorporated herein by this reference as though fully set forth herein. 

 

(b)     The two (2) -year periods referenced in Sections 7(b) and 7(c) of the Employment Agreement will commence on the day following the Severance Date.

 

(c)     For the purposes hereof and of the Employment Agreement, Section 7(f) of the Employment Agreement is hereby amended to read in its entirety as follows: 

 

(f) Non-Disparagement. Employee will not at any time publish or communicate to any third party disparaging or derogatory statements or opinions about the Company or its Affiliates, or any of the Company’s or such Affiliates’ current or former directors, officers, employees, attorneys, agents, investors, shareholders or contractors, or regarding the Company’s business plans, products or services. 

 

 

12.     Return of Property. Executive agrees to return all Company property and data (original, electronic, and hard copies) in his possession on or before the Severance Date, including but not limited to all the Company’s business records and documentation of any kind, all tangible and intangible property of the Company and relating to his employment with the Company, and all Company-issued devices, keys, credit cards, or other property; provided that Executive may keep the personal laptop and cell telephone issued to him by the Company, subject to submitting the same for deletion of any proprietary information of the Company and its Affiliates on or before the Severance Date. 

 

 

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13.     Acknowledgements by Executive. In signing this Agreement, Executive acknowledges: 

 

(a)     That Company may in the future improve employee benefits or pay.

 

(b)     That he has not suffered any job-related wrongs or injuries, such as any type of discrimination, for which he might still be entitled to compensation or relief in the future. That he has been paid to date all wages, overtime, commissions, compensation, benefits, and other amounts that the Company or any Released Party should have paid him in the past. 

 

(c)     That he is intentionally releasing claims that he did not know that he might have and that, with hindsight, he might regret having released. He has not assigned or given away any of the claims he is releasing.

 

(d)     That he has read and understands this Agreement and that he has been advised to consult with an attorney about its meaning and effect including, without limitation, the significance and consequence of the general release in Paragraph 4. 

 

(e)     That he has had the opportunity to ask questions about each and every provision of this Agreement and that he fully understands the effect of the provisions contained herein upon his legal rights.

 

(f)     That he is fully satisfied with the terms of this Agreement and is executing this Agreement voluntarily, knowingly, willingly, and without duress. 

 

14.     Reference Checks. Any reference check submitted to the Company by a future potential employer of Executive will be limited to confirmation of dates of employment and last position held. 

 

15.     Indemnification. Executive agrees to indemnify and hold harmless the Company from and against any and all loss, costs, damages or expenses, including, without limitation, attorneys’ fees or expenses incurred by the Company arising out of the breach of this Agreement by Executive, or from any false representation made herein by Executive. Executive further agrees that in any legal proceeding, this Agreement may be pled by the Company as a complete defense (meaning that the Company may use this Agreement to demonstrate to a judge, jury, or any other deciding authority that Executive has waived and released any and all claims he has against the Company as of the Effective Date), or may be asserted by way of counterclaim or cross-claim. 

 

16.     Attorneys’ Fees. In the event that either Party brings an action to enforce or effect its rights under this Agreement, the prevailing Party shall be entitled to recover its reasonable attorneys’ fees and costs incurred in connection with such an action.

 

17.     Complete Agreement; Amendments. Except as expressly stated herein, this Agreement, including the Recitals, and this Agreement represent the complete agreement between Executive and the Company concerning the subject matter in this Agreement and supersedes all prior agreements or understandings, written or oral, which relate to such subject matter. In executing this Agreement, none of the Parties has relied or is relying on any representation with respect to the subject matter of this Agreement or any representation inducing the execution of this Agreement except those representations as are expressly set forth in this Agreement, and the Parties acknowledge that they have relied on their own judgment in entering into this Agreement. This Agreement may not be amended or modified otherwise than by a written agreement executed by the Parties hereto or their respective successors and legal representatives.

 

 

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18.     Severability. Each of the paragraphs contained in this Agreement shall be enforceable independently of every other paragraph in this Agreement, and the invalidity or nonenforceability of any paragraph shall not invalidate or render unenforceable any other paragraph contained in this Agreement.

 

19.     Older Workers Benefit Protection Act. Pursuant to the Older Workers Benefit Protection Act, Executive acknowledges and agree that (i) this Agreement is written in a manner calculated to be understood by Executive; (ii) this Agreement represents Executive’s knowing and voluntary waiver and release of any and all claims that Executive might have including, but not limited to, any claims arising under the ADEA; (iii) Executive has not waived any claim under the ADEA that may arise after the Effective Date; (iv) the consideration that Employee will receive in exchange for this Agreement, i.e., the amounts and benefits set forth in Paragraph 3, is something of value to which Employee is not already entitled; (v) Executive is hereby being advised to consult with an attorney prior to executing this Agreement; (vi) Executive has twenty-one (21) days from the date of his receipt of this Agreement in which to consider the terms of this Agreement (including, without limitation, each Party’s release and waiver of any and all claims under the Age Discrimination in Employment Act) before executing it; (vii) Executive will have seven (7) days after his execution of this Agreement (which was the date hereof) in which to revoke this Agreement by written notice of revocation that must be received by Christopher Shackelton, c/o Coliseum Capital Partners, Metro Center, One Station Place, Stamford, CT 06902, no later than 5:00 p.m. on the seventh (7th) day after Executive has signed this Agreement; and (viii) this Agreement will not become effective and enforceable until the seven (7)-day revocation period (the “Revocation Period”) has expired without revocation of the Agreement by Executive.

 

20.     Counterparts. This Agreement may be executed in counterparts, such counterparts may be obtained by facsimile transmission or pdf email, and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned.

 

21.     Notices. All notices, requests, claims, demands or other communications hereunder shall be in writing and shall be deemed given when delivered personally, or by electronic email upon receipt of a transmission confirmation if sent by email, and on the next business day when sent by a reputable overnight carrier service to the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice):

 

 

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If to the Company:

 

The Providence Service Corporation 

64 East Broadway Boulevard
Tucson, AZ 85701
Telephone:     (520) 747-6600
Facsimile:     (520) 747-6605
Attn:          Chief Executive Officer and General Counsel

 

If to Executive:

 

Warren S. Rustand

5750 E. Santa Fee 

Tucson, AZ 85715 

 

[Signatures appear on the following page.]

 

 

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IN WITNESS WHEREOF, the Company and Executive have executed this Agreement as of the day and year written above. 

 

	
COMPANY:
	
THE PROVIDENCE SERVICE CORPORATION

	  	  
	  	
By: __/s/ Christopher Shackelton ____

	  	
Name:      Christopher Shackelton

	  	
Title:        Chairman of the Board

	  	  
	  	  
	  	  
	
EXECUTIVE:
	
WARREN RUSTAND

 

 

_____/s/ Warren Rustand___________

	  	  
	  	  
	  	  

 

[Signature page to Separation and General Release Agreement]

 

 

 

 

Exhibit A

 

Benefits Between the Effective Date and the Severance Date

	  	  

In addition to all the other benefits referenced in this Agreement including in Section 2, Executive will be entitled to the following between the Effective Date and the Severance Date:

 

	 	
●
	
Medical Insurance Coverage

	 	
●
	
Disability and Long Term Disability InsuranceEX-4.1

 Exhibit 4.1 

EXECUTION VERSION 

SCRIPPS NETWORKS INTERACTIVE, INC. 

Company 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

Trustee 
 THIRD
SUPPLEMENTAL INDENTURE 
 DATED AS OF JUNE 2, 2015 

TO 
 INDENTURE 

DATED AS OF DECEMBER 1, 2011 

Relating To 
 2.800%
Senior Notes due 2020 
 3.500% Senior Notes due 2022 

3.950% Senior Notes due 2025 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1
	 	 DEFINITIONS
	  	 	1	  
			
	 ARTICLE 2
	 	 GENERAL TERMS AND CONDITIONS OF THE NOTES
	  	 	3	  
			
	 2.01
	 	 Designation and Principal Amount
	  	 	3	  
			
	 2.02
	 	 Maturity
	  	 	4	  
			
	 2.03
	 	 Form and Payment
	  	 	4	  
			
	 2.04
	 	 Interest
	  	 	4	  
			
	 2.05
	 	 Other Terms
	  	 	4	  
			
	 ARTICLE 3
	 	 ADDITIONAL COVENANTS
	  	 	4	  
			
	 3.01
	 	 Restrictions on Secured Debt
	  	 	4	  
			
	 3.02
	 	 Restrictions on Sale and Lease-Back Transactions
	  	 	6	  
			
	 3.03
	 	 Consolidation, Merger and Sale of Assets
	  	 	7	  
			
	 ARTICLE 4
	 	 REDEMPTION OF THE NOTES
	  	 	7	  
			
	 4.01
	 	 Optional Redemption
	  	 	7	  
			
	 4.02
	 	 Purchase of Notes Upon a Change of Control Triggering Event
	  	 	10	  
			
	 4.03
	 	 Special Mandatory Redemption
	  	 	13	  
			
	 ARTICLE 5
	 	 MISCELLANEOUS
	  	 	15	  
			
	 5.01
	 	 Covenant Defeasance
	  	 	15	  
			
	 5.02
	 	 Form of Notes
	  	 	15	  
			
	 5.03
	 	 Ratification of Base Indenture
	  	 	15	  
			
	 5.04
	 	 Trust Indenture Act Controls
	  	 	15	  
			
	 5.05
	 	 Conflict with Indenture
	  	 	15	  
			
	 5.06
	 	 Governing Law
	  	 	15	  
			
	 5.07
	 	 Successors
	  	 	15	  
			
	 5.08
	 	 Counterparts
	  	 	16	  
			
	 5.09
	 	 Trustee Disclaimer
	  	 	16	  

  
 i 

 THIRD SUPPLEMENTAL INDENTURE 

THIRD SUPPLEMENTAL INDENTURE, dated as of June 2, 2015 between Scripps Networks Interactive, Inc., an Ohio corporation (the
“Company”), and U.S. Bank National Association, as Trustee (the “Trustee”) to the Indenture dated as of December 1, 2011, between the Company and the Trustee (the “Base Indenture”), as
supplemented by a first supplemental indenture, dated as of December 1, 2011, (the “First Supplemental Indenture”) and the second supplemental indenture, dated as of November 24, 2014 (“Second Supplemental
Indenture”) and as further supplemented by this third supplemental indenture (the “Third Supplemental Indenture,” and together with the First Supplemental Indenture, the Second Supplemental Indenture and the Base Indenture,
the “Indenture”) 
 R E C I T A L S 

WHEREAS, the Company has executed and delivered to the Trustee the Indenture providing for the issuance from time to time of its Notes;

 WHEREAS, pursuant to the terms of the Base Indenture, the Company desires to provide for the establishment of three new series of
its Notes to be known as its 2.800% Senior Notes due 2020 (the “2020 Notes”), its 3.500% Senior Notes due 2022 (the “2022 Notes”) and its 3.950% Senior Notes due 2025 (the “2025 Notes” and together
with the 2020 Notes and 2022 Notes, the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Supplemental Indenture; 

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture, and all requirements necessary to
make this Supplemental Indenture a valid instrument in accordance with its terms, and to make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid and legally binding obligations of the Company, and all
acts and things necessary have been done and performed to make this Supplemental Indenture enforceable in accordance with its terms, and the execution and delivery of this Supplemental Indenture has been duly authorized in all respects. 

W I T N E S S E T H: 

NOW, THEREFORE, for and in consideration of the premises contained herein, each party agrees for the benefit of each other party and
for the equal and ratable benefit of the Holders of the Notes, as follows: 
 ARTICLE 1 

DEFINITIONS 
 1.01
Capitalized terms used but not defined in this Supplemental Indenture shall have the meanings ascribed to them in the Base Indenture. 

 1.02 References in this Supplemental Indenture to article and section numbers shall be deemed to
be references to article and section numbers of this Supplemental Indenture unless otherwise specified. 
 1.03 For purposes of this
Supplemental Indenture, the following terms have the meanings ascribed to them as follows: 
 “Attributable Debt”, in
respect of a Sale and Lease-Back Transaction, means, as of any particular time, the present value (discounted at the rate of interest implicit in the terms of the lease involved in such Sale and Lease-Back Transaction, as determined in good faith by
the Company) of the obligation of the lessee thereunder for rental payments (excluding, however, any amounts required to be paid by such lessee, whether or not designated as rent or additional rent, on account of maintenance and repairs, insurance,
taxes, assessments, water rates or similar charges or any amounts required to be paid by such lessee thereunder contingent upon the amount of sales, maintenance and repairs, insurance, taxes, assessments, water rates or similar charges) during the
remaining term of such lease (including any period for which such lease has been extended or may, at the option of the lessor, be extended). 

“Consolidated Net Tangible Assets” means, as of any particular time, the total amount of assets (less applicable reserves)
after deducting therefrom (a) all current liabilities (excluding any thereof which are by their terms extendible or renewable at the option of the obligor thereon to a time more than 12 months after the time as of which the amount thereof is
being computed and excluding current maturities of long-term indebtedness), and (b) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangible assets, all as shown in the consolidated balance
sheet of the Company and Subsidiaries, as of the most recently ended fiscal quarter for which financial statements are available computed in accordance with GAAP. 

“Consolidated Shareholders’ Equity” means the Company’s total shareholders’ equity as shown in the
Company’s consolidated balance sheet as of the most recently ended fiscal quarter for which financial statements are available computed in accordance with GAAP. 

“Base Indenture” has the meaning provided in the recitals. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

“Family Agreement” means the Scripps Family Agreement, dated October 15, 1992, as amended to the date hereof and as it
may be amended from time to time after the date hereof. 
 “GAAP” means generally accepted accounting principles in the
United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other
principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Indenture” has the meaning provided in the recitals. 

“Interest Payment Date” has the meaning provided in Section 2.04. 

  
 2 

 “Notes” has the meaning provided in the recitals. 

“Paying Agent” has the meaning provided in Section 2.03(d). 

“Principal Property” means any real property interest (all such interests forming an integral part of a single development or
operation being considered as one interest) located within the United States of America and owned by the Company or any of the Company’s Restricted Subsidiaries and having a gross book value in excess of 1% of Consolidated Net Tangible Assets
of the Company at the time of determination thereof, other than any such interest or portion of such interest which, in the opinion of the Board of Directors of the Company, is not material to the total business conducted by the Company and the
Company’s Restricted Subsidiaries considered as one enterprise. 
 “Restricted Subsidiary” any Subsidiary of the
Company (a) substantially all of the property of which is located, or substantially all of the business of which is carried on, within the United States of America and (b) which owns a Principal Property; provided, that any Subsidiary of
the Company which is principally engaged in financing operations outside the United States of America or which is principally engaged in leasing or financing installment receivables shall not be deemed a Restricted Subsidiary for purposes of this
Indenture. 
 “Supplemental Indenture” has the meaning provided in the preamble. 

“Trustee” has the meaning provided in the recitals. 

“United States” or “U.S.” means the United States of America, its territories and possessions, any state of
the United States, and the District of Columbia. 
 ARTICLE 2 

GENERAL TERMS AND CONDITIONS OF THE NOTES 

2.01 Designation and Principal Amount. 

(a) The Notes are hereby authorized and are designated the “2.800% Notes due 2020,” the “3.500% Notes due
2022” and the “3.950% Notes due 2025,” unlimited in aggregate principal amount. The 2.800% Notes due 2020 issued on the date hereof pursuant to the terms of this Indenture shall be in an aggregate principal amount of $600,000,000, the
3.500% Notes due 2022 issued on the date hereof pursuant to the terms of this Indenture shall be in an aggregate principal amount of $400,000,000 and the 3.950% Notes due 2025 issued on the date hereof, pursuant to the terms of this Indenture shall
be in the aggregate principal amount of $500,000,000, of which amounts shall be set forth in the written order of the Company for the authentication and delivery of the Notes pursuant to Section 2.04 of the Base Indenture. 

(b) The Company may, from time to time, without notice to or the consent of the Holders of either the 2020 Notes, 2022 Notes or
the 2025 Notes, create and issue additional 2020 Notes, 2022 Notes or 2025 Notes ranking equally and ratably with such series of Notes issued on the date hereof in all respects (or in all respects except for the payment of interest accruing prior to
the issue date of such additional Notes or except for 

  
 3 

 
the first payment of interest following the issue date of such additional Notes), so that such additional 2020 Notes, 2022 Notes or 2025 Notes shall be consolidated and form a single series with
such series of Notes issued on the date hereof and shall have the same terms as to status, redemption or otherwise as such series of Notes issued on the date hereof. 

2.02 Maturity. The principal amount of the 2020 Notes shall be payable on June 15, 2020, the principal amount of the 2022
Notes shall be payable on June 15, 2022 and the principal amount of the 2025 Notes shall be payable on June 15, 2025. 
 2.03
Form and Payment. 
 (a) The Notes shall be issued as global notes, only in fully registered book-entry form, without coupons, in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

(b) Principal, premium, if any, and/or interest, if any, on the global notes representing the Notes shall be made to the Paying
Agent (defined below) which in turn shall make payment to The Depository Trust Company as the Depositary with respect to the Notes or its nominee. 

(c) The global notes representing the Notes shall be deposited with, or on behalf of, the Depositary and shall be registered,
at the request of the Depositary, in the name of Cede & Co. 
 (d) U.S. Bank National Association shall act as
paying agent for the Notes (the “Paying Agent”). The Company may appoint and change the Paying Agent without prior notice to the Holders. 

2.04 Interest. Interest on the 2020 Notes shall accrue at the rate of 2.800% per annum, interest on the 2022 Notes shall
accrue at the rate of 3.500% per annum and interest on the 2025 Notes shall accrue at the rate of 3.950% per annum. Interest on the Notes shall be payable semiannually in arrears on June 15 and December 15, commencing on
December 15, 2015 (each an “Interest Payment Date”), to the Holders in whose names the Notes are registered at the close of business on June 1 and December 1 immediately preceding such Interest Payment Date. Interest
on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. If any Interest Payment Date is not a Business Day, then the related
payment of interest for such Interest Payment Date shall be paid on the next succeeding Business Day with the same force and effect as if made on such Interest Payment Date and no further interest shall accrue as a result of such delay. 

2.05 Other Terms. The Notes shall be unsecured senior indebtedness of the Company and shall rank equally and ratably in right of
payment with all of the Company’s other unsecured and unsubordinated indebtedness outstanding from time to time. The Notes shall not be convertible into, or exchangeable for, any other securities of the Company, except that the Notes shall be
exchangeable for other Notes to the extent provided for in the Base Indenture. 
 ARTICLE 3 

ADDITIONAL COVENANTS 

3.01 Restrictions on Secured Debt. 

  
 4 

 (a) The Company shall not, nor shall it permit any of its Restricted Subsidiaries
to, create, incur, issue, assume or guarantee any indebtedness for borrowed money (hereinafter referred to as “indebtedness”) secured by a mortgage, security interest, pledge or lien (hereinafter referred to as
“mortgage”) of or upon any Principal Property or on any shares of capital stock or indebtedness of any Restricted Subsidiary (whether such Principal Property, shares of capital stock or indebtedness is owned at the date hereof or
acquired after the date hereof) without in any such case making or causing to be made effective provision (and the Company covenants that in any such case it shall make or cause to be made effective provision) whereby the Notes (together with, if
the Company shall so determine, any other indebtedness created, incurred, issued, assumed or guaranteed by the Company or any Restricted Subsidiary then existing or thereafter created) shall be secured equally and ratably with (or, at the option of
the Company, prior to) such indebtedness, until such time as such indebtedness shall no longer be secured. 
 (b) The
provisions of paragraph (a) of this Section shall not, however, apply to any indebtedness secured by any one or more of the following: 

(i) mortgages of or upon any property acquired, constructed or improved by, or of or upon any shares of capital stock or
indebtedness acquired by, the Company or any Restricted Subsidiary after the date of this Indenture to secure indebtedness incurred for the purpose of financing or refinancing all or any part of the purchase price of such property, shares of capital
stock or indebtedness or of the cost of any construction or improvements on such properties, in each case, to the extent that the indebtedness is incurred prior to or within 180 days after the applicable acquisition, completion of construction or
beginning of commercial operation of such property, as the case may be; 
 (ii) mortgages of or upon any property, shares of
capital stock or indebtedness existing at the time of acquisition thereof by the Company or any Restricted Subsidiary; 

(iii) mortgages of or upon any property of a Person existing at the time such Person is merged with or into or consolidated
with the Company or any Restricted Subsidiary or existing at the time of a sale or transfer of all or substantially all of the properties of such Person to the Company or any Restricted Subsidiary; 

(iv) mortgages of or upon any property of, or shares of capital stock or indebtedness of, a Person existing at the time such
Person becomes a Restricted Subsidiary; 
 (v) mortgages to secure indebtedness of any Restricted Subsidiary to the Company
or to another Restricted Subsidiary; 
 (vi) mortgages in favor of the United States of America or any State thereof, or any
department, agency or instrumentality or political subdivision of the United States of America or any State thereof or the District of Columbia, or in favor of any other country or political subdivision, to secure partial, progress, advance or other
payments pursuant to any contract or statute or to secure any indebtedness incurred or guaranteed for the purpose of financing or refinancing 

  
 5 

 
all or any part of the purchase price of the property, shares of capital stock or indebtedness subject to such mortgages, or the cost of constructing or improving the property subject to such
mortgages; and 
 (vii) any extension, renewal or replacement (or successive extensions, renewals or replacements) in whole
or in part of any mortgage existing at the date of this Indenture or any mortgage referred to in the foregoing clauses (i) through (vi), inclusive; provided, that the principal amount of indebtedness secured thereby shall not exceed the
principal amount of indebtedness so secured at the time of such extension, renewal or replacement (plus all accrued interest on the indebtedness and the amount of all fees and expenses, including premiums, incurred in connection with such extension,
renewal or replacement), and that such extension, renewal or replacement shall be limited to all or a part of the property (plus improvements and construction on such property), shares of capital stock or indebtedness which was subject to the
mortgage so extended, renewed or replaced. 
 (c) Notwithstanding the provisions of paragraph (a) of this
Section 3.01, the Company or any Restricted Subsidiary may, without equally and ratably securing the Notes, create, incur, issue, assume or guarantee indebtedness secured by a mortgage not excepted by clauses (i) through (vii) of
paragraph (b) of this Section 3.01, if the aggregate amount of such indebtedness, together with (x) all other indebtedness of, or indebtedness guaranteed by, the Company and its Restricted Subsidiaries existing at such time and
secured by mortgages not so excepted, and (y) Attributable Debt in respect of Sale and Lease-Back Transactions with respect to any Principal Property existing at such time (other than Sale and Lease-Back Transactions permitted by clause
(i) of Section 3.02 and other than Sale and Lease-Back Transactions the proceeds of which have been applied in accordance with clause (iii) of Section 3.02), does not at the time exceed 15% of Consolidated Shareholders’
Equity.  
 3.02 Restrictions on Sale and Lease-Back Transactions. 

The Company will not, and will not permit any of the Restricted Subsidiaries to, enter into any arrangement with any Person providing for the
leasing by the Company or any of the Restricted Subsidiaries of any Principal Property, whether owned at or acquired after the date of the Indenture (except for temporary leases for a term, including any renewal thereof, of not more than three years
and except for leases between the Company and any Restricted Subsidiary, or between Restricted Subsidiaries), which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person with the intention of
taking back a lease of such property (herein referred to as a “Sale and Lease-Back Transaction”) unless (i) the Company or such Restricted Subsidiary would (at the time of entering into such arrangement) be entitled, pursuant
to clause (i) or (vi) of Section 3.01(b), without equally and ratably securing the Notes, to create, issue, assume or guarantee indebtedness secured by a mortgage on such property, (ii) the Company or such Restricted Subsidiary
would (at the time of entering into such arrangement) be entitled pursuant to Section 3.01(c), without equally and ratably securing the Notes, to create, issue, assume or guarantee indebtedness secured by a mortgage on such property in an
amount at least equal to the Attributable Debt in respect of such Sale and Lease-Back Transaction or (iii) the Company or such Restricted Subsidiary shall apply, within 180 days of the effective date of such arrangement, an amount not less than
the greater of (x) the net 

  
 6 

 
proceeds of the sale of such property or (y) the fair market value (as determined by the Board of Directors of the Company) of such property to either the prepayment or retirement (other
than any mandatory prepayment or retirement) of indebtedness incurred or assumed by the Company or any Restricted Subsidiary (other than indebtedness owned by the Company or any Restricted Subsidiary) which by its terms matures at or is extendible
or renewable at the option of the obligor to a date more than twelve months after the date of the creation of such indebtedness, or to the acquisition, construction or improvement of a real property interest which is, or upon such acquisition,
construction or improvement will be, a Principal Property. 
 3.03 Consolidation, Merger and Sale of Assets. If, upon any
consolidation or merger, or upon any lease, sale or transfer of all or substantially all of the Company’s assets as provided in Section 9.01 of the Base Indenture, any Principal Property or any shares of capital stock or indebtedness of
any Restricted Subsidiary, owned immediately prior to the transaction, would thereupon become subject to any mortgage, security interest, pledge or lien securing any indebtedness for borrowed money of, or guaranteed by, such other Person (other than
any mortgage permitted as described in Section 3.01 hereof), the Company, prior to such consolidation, merger, lease, sale or transfer, shall, by executing and delivering to the Trustee a supplemental indenture, secure the due and punctual
payment of the principal of, and any premium and interest on, the Notes (together with, if the Company decides, any other indebtedness of, or guaranteed by, the Company or any of its Restricted Subsidiaries then existing or thereafter created)
equally and ratably with (or, at the Company’s, prior to) the indebtedness secured by such mortgage. 
 ARTICLE 4 

REDEMPTION OF THE NOTES 

4.01 Optional Redemption. 

(a) The 2020 Notes shall be redeemable, in whole at any time or in part, from time to time, prior to May 15, 2020 (the
date that is one month prior to the maturity date of the 2020 Notes), the 2022 Notes shall be redeemable, in whole at any time or in part, from time to time, prior to April 15, 2022 (the date that is two months prior to the maturity date of the
2022 Notes) and the 2025 Notes shall be redeemable in whole at any time or in part, from time to time, prior to March 15, 2025 (the date that is three months prior to the maturity date of the 2025 Notes) at a redemption price equal to the
greater of: 
 (i) 100% of the principal amount of the Notes of such series to be redeemed, and 

(ii) as determined by the Quotation Agent (as defined below), the sum of the present values of the remaining scheduled payments
of principal and interest on the Notes of such series to be redeemed (not including any portion of such payments of interest accrued as of the date of redemption) discounted to the date of redemption (the “Redemption Date”) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined below) plus 20
basis points in the case of the 2020 Notes, 25 basis points in the case of the 2022 Notes or 30 basis points in the case of the 2025 

  
 7 

 
Notes, plus accrued and unpaid interest thereon to, but not including, the Redemption Date. 

(b) If the 2020 Notes are redeemed on or after May 15, 2020 (the date that is one month prior to their maturity date), the
2022 Notes are redeemed on or after April 15, 2022 (the date that is two months prior to their maturity date) or the 2025 notes are redeemed on or after March 15, 2025 (the date that is three months prior to their maturity date), such
notes will be redeemed at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus, in each case, accrued and unpaid interest to the Redemption Date. 

(c) If the Company elects to redeem Notes of any series pursuant to the optional redemption provisions of Section 4.01(a)
or (b) hereof, at least 30 days prior to the redemption date (unless a shorter notice shall be agreed to in writing by the Trustee) but not more than 60 days before the Redemption Date, the Company shall furnish to the Trustee an Officers’
Certificate setting forth (i) the applicable section of this Indenture pursuant to which the redemption shall occur, (ii) the Redemption Date, (iii) the principal amount of 2020 Notes, 2022 Notes and/or 2025 Notes to be redeemed and
(iv) the redemption price. 
 (d) If less than all of the 2020 Notes, 2022 Notes or 2025 Notes are to be redeemed, the
Trustee shall select the Notes of the applicable series to be redeemed on a pro rata basis or on as nearly a pro rata basis as is practicable. The Trustee shall promptly notify in writing the Company of the Notes selected for redemption and, in the
case of any Notes selected for partial redemption, the principal amount thereof to be redeemed. Notes and portions of Notes selected shall be in amounts of $2,000 or integral multiples of $1,000 in excess thereof, except that if all of the Notes of
a Holder are to be redeemed, the entire outstanding amount of Notes held by such Holder, even if not an integral multiple of $1,000, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes
called for redemption also apply to portions of Notes called for redemption. 
 (e) In the case of any redemption other than
a redemption pursuant to Section 4.03, at least 30 days but no more than 60 days before the redemption date, the Company shall mail, or cause to be mailed, a notice of redemption by first-class mail to each Holder of Notes to be redeemed
at such Holder’s registered address appearing on the register. The notice shall identify the Notes to be redeemed (including the CUSIP and/or ISIN numbers thereof, if any) and shall state: 

(i) the Redemption Date; 

(ii) the principal amount of the Notes that are being redeemed; 

(iii) the appropriate calculation of the redemption price, but need not include the actual redemption price; the actual
redemption price shall be set forth in an Officers’ Certificate delivered to the Trustee no later than two Business Days prior to the redemption date; 

(iv) if fewer than all outstanding Notes are to be redeemed, the portion of the principal amount of such Notes to be redeemed
and that, after the 

  
 8 

 
Redemption Date and upon surrender of such Notes, if applicable, a new Note or Notes in principal amount equal to the unredeemed portion will be issued; 

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

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

(vii) that unless the Company defaults in making the redemption payment, interest on Notes called for redemption ceases to
accrue on and after the redemption date; 
 (viii) if such notice is conditioned upon the occurrence of one or more
conditions precedent, the nature of such conditions precedent; 
 (ix) the applicable section of this Indenture pursuant to
which the Notes called for redemption are being redeemed; and 
 (x) that no representation is made as to the correctness or
accuracy of the CUSIP and/or ISIN numbers, if any, listed in such notice or printed on the Notes. 
 The Company may state in the notice of
redemption that payment of the redemption price and performance of its obligations with respect to redemption or purchase may be performed by another Person. 

(f) At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at its
expense; provided, that the Company shall have delivered to the Trustee, at least 45 days prior to the redemption date, an Officers’ Certificate requesting that the Trustee give such notice and attaching a copy of such notice, which shall set
forth the information to be stated in such notice as provided in this Section 4.01(e). 
 (g) For purposes of this
Section 4.01, the following definitions are applicable: 
 “Adjusted Treasury Rate” means, with respect to any
redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue (as defined below), assuming a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price (as defined below) for that redemption date. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the
remaining term of such Notes. 
 “Comparable Treasury Price” means, with respect to any Redemption Date, (i) the
average of the Reference Treasury Dealer Quotations (as defined below) for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains fewer than five such
Reference Treasury Dealer Quotations, the average of all such quotations. 

  
 9 

 “Quotation Agent” means the Reference Treasury Dealer appointed by the Company.

 “Reference Treasury Dealer” means each of (1) J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner &
Smith Incorporated and a Primary Treasury Dealer (as defined below) selected by Wells Fargo Securities, LLC, and their respective successors and (2) any two other primary U.S. government securities dealer selected by the Company; provided that
if any of the foregoing shall cease to be a primary U.S. government securities dealer in New York City (each, a “Primary Treasury Dealer”), the Company will substitute another Primary Treasury Dealer for any of the foregoing. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer
at 3:30 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 4.02 Purchase of Notes Upon a
Change of Control Triggering Event. 
 (a) If a Change of Control Triggering Event with respect to the Notes occurs,
unless the Company has exercised its right to redeem the Notes in full, pursuant to Section 4.01, Holders of Notes shall have the right to require the Company to repurchase all or a portion (equal to $2,000 or an integral multiple of $1,000 in
excess thereof) of such Notes held by the Holders pursuant to the offer described in (b) below (such offer, the “Change of Control Offer”) on the terms set forth in this Section 4.02. In the Change of Control Offer, the
Company shall offer payment in cash equal to 101% of the principal amount of Notes repurchased plus accrued and unpaid interest, if any, to the date of repurchase (the “Change of Control Payment”), subject to the rights of Holders
of such Notes on the relevant record date to receive interest due on the relevant Interest Payment Date. 
 (b) Within 30
days following the applicable 60 day period referenced in the definition of the term “Below Investment Grade Rating Event” (as such period may be extended as provided in such definition) with respect to the Notes, or at the Company’s
option, prior to any Change of Control but after the public announcement of the pending Change of Control, the Company shall be required to send, by first class mail, a notice to Holders of Notes, with a copy to the Trustee, which notice shall
govern the terms of the Change of Control Offer. Such notice shall, among other things, describe the transaction or transactions that constitute the Change of Control Triggering events and state the repurchase date, which must be no earlier than 30
days nor later than 60 days from the date such notice is mailed, other than as may be required by law (the “Change of Control Payment Date”). The notice, if mailed prior to the date of consummation of the Change of Control, shall
state that the Change of Control Offer is conditioned on the Change of Control being consummated on or prior to the Change of Control Payment Date. Holders of Notes electing to have Notes repurchased pursuant to a Change of Control Offer shall be
required to surrender their Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes completed, to the Paying Agent at the address specified in the notice, or transfer their Notes to the Paying Agent
by 

  
 10 

 
book-entry transfer pursuant to the applicable procedures of the Paying Agent, prior to the close of business on the third Business Day prior to the Change
of Control Payment Date. 
 (c) On or prior to the Change of Control Payment Date, the Company shall, to the extent lawful:

 (i) accept for payment all Notes or portions of Notes properly tendered and not withdrawn pursuant to the Change of
Control Offer; 
 (ii) deposit with the Payment Agent funds in an amount equal to the purchase price of the Notes set forth
in Section 4.02(a) (the “Purchase Price”) in respect of all Notes or portions of Notes properly tendered; and 

(iii) deliver or cause to be delivered to the Trustee the Notes properly tendered and not withdrawn together with an
Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company, and that such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this
Section 4.02. 
 (d) The Company shall not be required to make a Change of Control Offer if (i) a third party makes
such an offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to such an offer made by the Company, and such third party purchases all Notes properly tendered and not withdrawn
under its offer, or (ii) the Company has exercised its right to redeem the Notes under Section 4.01 and has given notice of redemption in accordance with the provisions of Section 4.01, unless and until there is a default in payment
of the applicable redemption price 
 (e) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of
Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company shall comply with those securities laws and regulations and shall
not be deemed to have breached its obligations under the provisions in the Indenture governing the Change of Control Offer by virtue of any such conflict. 

(f) For purposes of this Section 4.02, the following definitions are applicable: 

“Below Investment Grade Rating Event” occurs if both the rating on the Notes is lowered by each of the Rating
Agencies and the Notes are rated below Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following
public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a Below
Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for

  
 11 

 
purposes of the definition of Change of Control Triggering Event hereunder) if any of the Rating Agencies making the reduction in rating to which this definition would otherwise apply does not
announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of
Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 

“Change of Control” means the occurrence of any one of the following: 

(i) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in
one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) or
group other than the Company or one or more of its Subsidiaries; 
 (ii) the consummation of any transaction (including,
without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) or group becomes the “beneficial owner” (as defined in Rules 13d-3 and
13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the voting power of the Company’s common equity entitled to vote generally in the election of a majority of directors; 

(iii) the first day on which a majority of the members of the Board of Directors of the Company are not Continuing Directors;

 (iv) the adoption of a plan relating to the liquidation or dissolution of the Company; or 

(v) the consummation of a so-called “going private/Rule 13e-3 Transaction” that results in any of the effects
described in paragraph (a)(3)(ii) of Rule 13e-3 under the Exchange Act (or any successor provision) with respect to our Class A Common Shares, following which the Scripps Family Members beneficially own, directly or indirectly, more than 50% of
the voting power of the Company’s common equity entitled to vote generally in the election of a majority of directors. 

For the purpose of this definition, “Family Agreement” means the Scripps Family Agreement, dated October 15,
1992, as it may be amended from time to time and “Scripps Family Members” shall mean the “Future Shareholders,” as such term is defined in the Family Agreement, and their respective heirs, executors, legal representatives,
successors and permitted assigns. Notwithstanding anything to the contrary in this definition, the termination of the Family Agreement, in and of itself, shall not constitute a Change of Control. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment
Grade Rating Event. 

  
 12 

 “Continuing Directors” means, as of any date of determination,
any member of the Board of Directors (or equivalent body) of the Company who: 
 (i) was a member of such board of directors
on the date of the issuance of the Notes; or 
 (ii) was nominated for election or elected to such Board of Directors with
the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was
named as a nominee for election as a director, without objection to such nomination); provided, that Continuing Directors will include persons not elected by or recommended for election by the then-incumbent Board of Directors if such Board of
Directors determines reasonably and in good faith that failure to approve any such persons as members of the Board of Directors could reasonably be expected to violate a fiduciary duty under applicable law. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s,
BBB- (or the equivalent) by S&P and BBB- (or the equivalent) by Fitch. 
 “Moody’s” means
Moody’s Investors Service, Inc. and its successors. 
 “Rating Agencies” means (i) each of
Moody’s and S&P; and (ii) if either Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical
rating organization” within the meaning of Section 3(a)(62) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s board of directors) as a replacement agency for Moody’s or S&P, or
both of them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc., and its successors. 
 4.03 Special Mandatory Redemption. 

(a) Following the occurrence of a Special Mandatory Redemption Trigger, the Company shall redeem the Notes as a whole, upon
notice as provided herein, at a redemption price equal to 101% of the aggregate principal amount of the Notes plus accrued and unpaid interest to, but excluding, the Special Mandatory Redemption Date. Notwithstanding the provisions of
Section 4.01(e) of the Supplemental Indenture, notice of such mandatory redemption shall be given by first-class mail, postage prepaid, mailed not more than 5 Business Days following the occurrence of the Special Mandatory Redemption Trigger,
to each Holder at such Holder’s address appearing in the security register, with a copy to the Trustee. Any failure to comply with the provisions of this 

  
 13 

 
Section 4.03 will be an Event of Default. 
 (b) In the case of
any redemption pursuant to Section 4.03, such notice shall state: 
 (i) that the Special Mandatory Redemption Trigger
has occurred; 
 (ii) the Special Mandatory Redemption Date; 

(iii) the redemption price and the appropriate calculation of the redemption price; 

(iv) that on the Special Mandatory Redemption Date the redemption price will become due and payable upon the Notes to be
redeemed and that interest thereon will cease to accrue on and after such date; 
 (v) the name and address of the Paying
Agent; 
 (vi) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(vii) that unless the Company defaults in making the redemption payment, interest on Notes called for redemption ceases to
accrue on and after the redemption date; and 
 (x) that no representation is made as to the correctness or accuracy of the
CUSIP and/or ISIN numbers, if any, listed in such notice or printed on the Notes. 
 The Company may state in the notice of redemption that
payment of the redemption price and performance of its obligations with respect to redemption or purchase may be performed by another Person. 

(c) For purposes of this Section 4.03, the following definitions are applicable: 

“Acquisition Agreement” means that certain Agreement for the Sale and Purchase of Shares in the Capital of
N-Vision B.V. dated March 14, 2015 among ITI Media Group Limited, Groupe Canal + S.A., Southbank Media Ltd. and Scripps Networks Interactive, Inc. 

“Special Mandatory Redemption Date” means the earlier to occur of: 

(i) January 30, 2016, if the transactions contemplated by the Acquisition Agreement have not been consummated by
December 31, 2015; or 
 (ii) the 30th day (or if such day is not
a Business Day, the first Business Day thereafter) following the termination of the Acquisition Agreement. 

“Special Mandatory Redemption Trigger” means the earlier to occur of: 

(i) December 31, 2015, if the transactions contemplated by the Acquisition Agreement have not been consummated by such
date; or 

  
 14 

 (ii) the termination of the Acquisition Agreement. 

ARTICLE 5 

MISCELLANEOUS 

5.01 Defeasance and Covenant Defeasance. Pursuant to Article 10 of the Base Indenture provision is hereby made for both
(i) “defeasance” (as defined in Section 10.04 of the Base Indenture) and (ii) “covenant defeasance” (as defined in Section 10.05 of the Base Indenture) of the Notes, in each case, upon the terms and conditions
contained in Article 10 of the Base Indenture. If the Company effects covenant defeasance pursuant to Article 10 of the Base Indenture, then the Company shall be released from its obligations under Article 3, Section 4.02 and
Section 4.03 of this Supplemental Indenture with respect to the Notes as provided for in Article 10 of the Base Indenture. 
 5.02
Form of Notes. 
 (a) The Notes and the Trustee’s certificates of authentication to be endorsed thereon
are to be substantially in the form of Exhibit A, Exhibit B and Exhibit C attached hereto, which form is hereby incorporated in and made a part of this Supplemental Indenture. 

(b) The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this
Supplemental Indenture, and the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

5.03 Ratification of Base Indenture. The Base Indenture, as supplemented by this Supplemental Indenture, is in all respects
ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. 

5.04 Trust Indenture Act Controls. If any provision hereof limits, qualifies or conflicts with the duties imposed by
Section 310 through 317 of the Trust Indenture Act of 1939, the imposed duties shall control. 
 5.05 Conflict with
Indenture. To the extent not expressly amended or modified by this Supplemental Indenture, the Base Indenture shall remain in full force and effect. If any provision of this Supplemental Indenture relating to the Notes is inconsistent with
any provision of the Base Indenture, the provision of this Supplemental Indenture shall control. 
 5.06 Governing Law. THIS
SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE. 

5.07 Successors. All agreements of the Company in the Base Indenture, this Supplemental Indenture and the Notes shall bind its
successors. All agreements of the Trustee in the Base Indenture and this Supplemental Indenture shall bind its successors. 

  
 15 

 5.08 Counterparts. This instrument may be executed in any number of counterparts,
each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

5.09 Trustee Disclaimer. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture
other than as to the validity of its execution and delivery by the Trustee. The recitals and statements herein are deemed to be those of the Company and not the Trustee. 

  
 16 

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

			
	SCRIPPS NETWORKS INTERACTIVE, INC.
		
	By:		 /s/ Mark Schuermann

	Name:		Mark Schuermann
	Title:		Senior Vice President and Treasurer
	
	U.S. BANK NATIONAL ASSOCIATION,
	    Trustee
		
	By:		 /s/ William E. Sicking

	Name:		William E. Sicking
	Title:		Vice President & Trust Officer

 [Third Supplemental Indenture] 

  
 17 

 EXHIBIT A 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY
THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.
UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

SCRIPPS NETWORKS INTERACTIVE, INC. 

2.800% Senior Note Due 2020 
  

					
	No.		[                    ]		CUSIP No.: 811065AE1
			
					ISIN No.: US811065AE14
					$            

 SCRIPPS NETWORKS INTERACTIVE, INC., an Ohio corporation (the “Company”, which term includes any
successor corporation), for value received promises to pay to CEDE & CO., or registered assigns, the principal sum of $         (the “Principal”) on June 15, 2020. 

Interest Payment Dates: June 15 and December 15 (each, an “Interest Payment Date”), commencing on December 15,
2015. 
 Interest Record Dates: June 1 and December 1 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at
this place. 

  
 A-1 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by its duly authorized officer. 
  

			
	SCRIPPS NETWORKS INTERACTIVE, INC.
		
	By:		  

	Name:		Mark Schuermann
	Title:		Senior Vice President and Treasurer

  
 A-2 

 This is one of the Notes of the series designated herein and referred to in the within-mentioned Indenture. 
  

							
	Dated: June 2, 2015				 U.S. BANK NATIONAL ASSOCIATION,

      Trustee

				
					By:		  

					Name:		  

					Title:		Authorized Officer

  
 A-3 

 (REVERSE OF SECURITY ) 

SCRIPPS NETWORKS INTERACTIVE, INC. 

2.800% Senior Note Due 2020 

1. Interest. SCRIPPS NETWORKS INTERACTIVE, INC., an Ohio corporation (the “Company”), promises to pay interest
on the principal amount of this Note at the rate per annum shown above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from June 2, 2015. The Company will pay
interest semi-annually in arrears on each Interest Payment Date, commencing December 15, 2015. Interest will be computed on the basis of a 360-day year of twelve 30-day months. If any Interest Payment Date is not a Business Day, then the related payment of interest for such Interest Payment Date shall be paid on the next succeeding Business Day with the same force and effect
as if made on such Interest Payment Date and no further interest shall accrue as a result of such delay. 
 The Company shall pay interest
on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

2. Method of Payment. The Company shall pay interest on the Notes (except defaulted interest) to the persons who are the
registered Holders at the close of business on the Interest Record Date immediately preceding the Interest Payment Date notwithstanding any transfer or exchange of such Note subsequent to such Interest Record Date and prior to such Interest Payment
Date. Holders must surrender Notes to the Trustee to collect principal payments. The Company shall pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts
(“U.S. Legal Tender”). Payment of principal of (and premium, if any) and any such interest on this Note will be made at the Corporate Trust Office of the Trustee in Cincinnati, Ohio or at any other office or agency designated by the
Company for such purpose; provided that at the option of the Company payment of interest may be made by check mailed to the address of the Holder entitled thereto as such address appears in the Note register. However, the payments of interest, and
any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of principal) shall be made by the Paying Agent, upon receipt from the Company of immediately available funds by
12:30 p.m., New York City time (or such other time as may be agreed to between the Company and the Paying Agent or the Company), directly to a Holder (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions
to the Trustee 15 days prior to such payment date requesting that such payment will be so made and designating the bank account to which such payments shall be so made and in the case of payments of principal surrenders the same to the Trustee in
exchange for a Note or Notes aggregating the same principal amount as the unredeemed principal amount of the Notes surrendered. 
 3.
Paying Agent. Initially, U.S. Bank National Association (the “Trustee”) will act as Paying Agent. The Company may change any Paying Agent without notice to the Holders. 

  
 A-4 

 4. Indenture. The Company and the Trustee entered into an Indenture, dated as of
December 1, 2011 (the “Base Indenture”) and a Third Supplemental Indenture, dated as of June 2, 2015, setting forth certain terms of the Notes pursuant to Section 2.04 of the Base Indenture (the
“Supplemental Indenture” and, together with the Supplemental Indenture, the “Indenture”). Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the Notes include
those stated in the Base Indenture and those made part of the Base Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”), as in
effect on the date of the Base Indenture. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and holders of Notes are referred to the Base Indenture and the TIA for a statement of them. To the extent the terms
of the Base Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
 The Supplemental Indenture imposes certain
limitations on the incurrence of liens and certain sale and leaseback transactions and limits the Company’s ability to consolidate, merge, convey, transfer or lease its properties and assets substantially as an entirety. To the extent the terms
of the Supplemental Indenture are inconsistent with the Indenture or this Note, the terms of the Supplemental Indenture shall govern. 
 5.
Optional Redemption. The Notes are redeemable, in whole or in part, at the option of the Company, at any time and from time to time at the redemption prices described in the Supplemental Indenture. 

6. Change of Control Offer to Repurchase. If a Change of Control Triggering Event (as defined in the Supplemental Indenture)
occurs, unless the Company has exercised its right to redeem the Notes, Holders of the Notes will have the right to require the Company to repurchase all or a portion of their Notes pursuant to the offer described in the Supplemental Indenture at a
purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase, subject to the rights of Holders of Notes on the relevant Interest Record Date to receive interest due on the relevant
Interest Payment Date. 
 7. Special Mandatory Redemption. If a Special Mandatory Redemption Trigger (as defined in the
Supplemental Indenture) occurs, the Company will be required to redeem all the Notes pursuant to the terms described in the Supplemental Indenture at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest,
if any, to but excluding the date of redemption, subject to the rights of Holders of Notes on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date. 

8. Denominations; Transfer; Exchange. The Notes are in registered form, without coupons, in denominations of $2,000 and
multiples of $1,000. A Holder shall register the transfer of or exchange Notes in accordance with the Indenture. The Company may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain
transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Company need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of 15 days before
such series is selected for redemption, nor need the Company register the transfer or exchange of any Note selected for redemption in whole or in part. 

  
 A-5 

 9. Persons Deemed Owners. The registered Holder of a Note shall be treated as the
owner of it for all purposes. 
 10. Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for
two years, the Trustee and the Paying Agent will repay the funds to the Company at its written request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease. 

11. Defeasance and Covenant Defeasance. The Company may be discharged from its obligations under the Notes and under the
Indenture with respect to the Notes except for certain provisions thereof, and may be discharged from obligations to comply with certain covenants contained in the Notes and in the Indenture with respect to the Notes, in each case upon satisfaction
of certain conditions specified in the Indenture. 
 12. Amendment; Supplement; Waiver. Subject to certain exceptions, the
Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes of all series then outstanding affected by such
amendment or supplement (voting as one class), and any existing Default or Event of Default or compliance with certain provisions may be waived with the consent of the Holders of a majority in aggregate principal amount of all the Notes of such
series, each series voting as a separate class, (or of all the Notes, as the case may be, voting as a single class) then outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes
to, among other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Notes in addition to or in place of certificated Notes, or make any other change that does not adversely affect the rights of any Holder of a Note. 

13. Defaults and Remedies. If an Event of Default (other than certain bankruptcy Events of Default with respect to the Company)
occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of Notes of this series then outstanding (voting as a separate class) may declare all of the Notes to be due and payable immediately in the manner and
with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to the Company occurs and is continuing, the entire principal amount of the Notes then outstanding and interest accrued thereon, if any, shall immediately
become due and payable. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity satisfactory to it. The
Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders
of Notes notice of certain continuing Defaults or Events of Default if it determines that withholding notice is in their interest. 
 14.
Trustee Dealings with Company. The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Company as if it were not the Trustee. 

  
 A-6 

 15. No Recourse Against Others. No stockholder, director, officer, employee, member
or incorporator, as such, of the Company, or any successor Person thereof shall have any liability for any obligation under the Notes or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each
Holder of a Note by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

16. Authentication. This Note shall not be valid until the Trustee manually signs the certificate of authentication on this
Note. 
 17. Abbreviations and Defined Terms. Customary abbreviations may be used in the name of a Holder of a Note or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

18. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Company has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other
identification numbers printed hereon. 
 19. Governing Law. The laws of the State of New York shall govern the Indenture and
this Note thereof. 

  
 A-7 

 ASSIGNMENT FORM 

 

			
	I or we assign and transfer this Note to
                                         
                                       
	
	  

	(Print or type name, address and zip code of assignee or transferee)
	
	  

	(Insert Social Security or other identifying number of assignee or transferee)
	
	and irrevocably appoint                      agent to transfer this Note on the books of the Company. The agent
may substitute another to act for him.

					
			
	Dated:				Signed:
			
	  
				  

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

  
 A-8 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.02 of the Supplemental Indenture, check the box.

 If you want to elect to have only part of this Note purchased by the Company pursuant to Section 4.02 of the Supplemental Indenture,
state the amount you elect to have purchased (must be integral multiples of $1,000): 
 $        

  

					
	Dated:				Signed:
			
	  
				  

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

  
 A-9 

 EXHIBIT B 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY
THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.
UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

SCRIPPS NETWORKS INTERACTIVE, INC. 

3.500% Senior Note Due 2022 
  

					
	No.		[                    ]		CUSIP No.: 811065AF8
			
					ISIN No.: US811065AF88
					$            

 SCRIPPS NETWORKS INTERACTIVE, INC., an Ohio corporation (the “Company”, which term includes any
successor corporation), for value received promises to pay to CEDE & CO., or registered assigns, the principal sum of $         (the “Principal”) on June 15, 2022. 

Interest Payment Dates: June 15 and December 15 (each, an “Interest Payment Date”), commencing on December 15,
2015. 
 Interest Record Dates: June 1 and December 1 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at
this place. 

  
 B-1 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by its duly authorized officer. 
  

			
	SCRIPPS NETWORKS INTERACTIVE, INC.
		
	By:		  

	Name:		Mark Schuermann
	Title:		Senior Vice President and Treasurer

  
 B-2 

 This is one of the Notes of the series designated herein and referred to in the within-mentioned Indenture. 
  

							
	Dated: June 2, 2015				U.S. BANK NATIONAL ASSOCIATION,
					    Trustee
				
					By:		  

					Name:		  

					Title:		Authorized Officer

  
 B-3 

 (REVERSE OF SECURITY) 

SCRIPPS NETWORKS INTERACTIVE, INC. 

3.500% Senior Note Due 2022 

1. Interest. SCRIPPS NETWORKS INTERACTIVE, INC., an Ohio corporation (the “Company”), promises to pay interest
on the principal amount of this Note at the rate per annum shown above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from June 2, 2015. The Company will pay
interest semi-annually in arrears on each Interest Payment Date, commencing December 15, 2015. Interest will be computed on the basis of a 360-day year of twelve 30-day months. If any Interest Payment Date is not a Business Day, then the related payment of interest for such Interest Payment Date shall be paid on the next succeeding Business Day with the same force and effect
as if made on such Interest Payment Date and no further interest shall accrue as a result of such delay. 
 The Company shall pay interest
on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

2. Method of Payment. The Company shall pay interest on the Notes (except defaulted interest) to the persons who are the
registered Holders at the close of business on the Interest Record Date immediately preceding the Interest Payment Date notwithstanding any transfer or exchange of such Note subsequent to such Interest Record Date and prior to such Interest Payment
Date. Holders must surrender Notes to the Trustee to collect principal payments. The Company shall pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts
(“U.S. Legal Tender”). Payment of principal of (and premium, if any) and any such interest on this Note will be made at the Corporate Trust Office of the Trustee in Cincinnati, Ohio or at any other office or agency designated by the
Company for such purpose; provided that at the option of the Company payment of interest may be made by check mailed to the address of the Holder entitled thereto as such address appears in the Note register. However, the payments of interest, and
any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of principal) shall be made by the Paying Agent, upon receipt from the Company of immediately available funds by
12:30 p.m., New York City time (or such other time as may be agreed to between the Company and the Paying Agent or the Company), directly to a Holder (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions
to the Trustee 15 days prior to such payment date requesting that such payment will be so made and designating the bank account to which such payments shall be so made and in the case of payments of principal surrenders the same to the Trustee in
exchange for a Note or Notes aggregating the same principal amount as the unredeemed principal amount of the Notes surrendered. 
 3.
Paying Agent. Initially, U.S. Bank National Association (the “Trustee”) will act as Paying Agent. The Company may change any Paying Agent without notice to the Holders. 

  
 B-4 

 4. Indenture. The Company and the Trustee entered into an Indenture, dated as of
December 1, 2011 (the “Base Indenture”) and a Third Supplemental Indenture, dated as of June 2, 2015, setting forth certain terms of the Notes pursuant to Section 2.04 of the Base Indenture (the
“Supplemental Indenture” and, together with the Supplemental Indenture, the “Indenture”). Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the Notes include
those stated in the Base Indenture and those made part of the Base Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”), as in
effect on the date of the Base Indenture. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and holders of Notes are referred to the Base Indenture and the TIA for a statement of them. To the extent the terms
of the Base Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
 The Supplemental Indenture imposes certain
limitations on the incurrence of liens and certain sale and leaseback transactions and limits the Company’s ability to consolidate, merge, convey, transfer or lease its properties and assets substantially as an entirety. To the extent the terms
of the Supplemental Indenture are inconsistent with the Indenture or this Note, the terms of the Supplemental Indenture shall govern. 
 5.
Optional Redemption. The Notes are redeemable, in whole or in part, at the option of the Company, at any time and from time to time at the redemption prices described in the Supplemental Indenture. 

6. Change of Control Offer to Repurchase. If a Change of Control Triggering Event (as defined in the Supplemental Indenture)
occurs, unless the Company has exercised its right to redeem the Notes, Holders of the Notes will have the right to require the Company to repurchase all or a portion of their Notes pursuant to the offer described in the Supplemental Indenture at a
purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase, subject to the rights of Holders of Notes on the relevant Interest Record Date to receive interest due on the relevant
Interest Payment Date. 
 7. Special Mandatory Redemption. If a Special Mandatory Redemption Trigger (as defined in the
Supplemental Indenture) occurs, the Company will be required to redeem all the Notes pursuant to the terms described in the Supplemental Indenture at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest,
if any, to but excluding the date of redemption, subject to the rights of Holders of Notes on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date. 

8. Denominations; Transfer; Exchange. The Notes are in registered form, without coupons, in denominations of $2,000 and
multiples of $1,000. A Holder shall register the transfer of or exchange Notes in accordance with the Indenture. The Company may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain
transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Company need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of 15 days before
such series is selected for redemption, nor need the Company register the transfer or exchange of any Note selected for redemption in whole or in part. 

  
 B-5 

 9. Persons Deemed Owners. The registered Holder of a Note shall be treated as the
owner of it for all purposes. 
 10. Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for
two years, the Trustee and the Paying Agent will repay the funds to the Company at its written request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease. 

11. Defeasance and Covenant Defeasance. The Company may be discharged from its obligations under the Notes and under the
Indenture with respect to the Notes except for certain provisions thereof, and may be discharged from obligations to comply with certain covenants contained in the Notes and in the Indenture with respect to the Notes, in each case upon satisfaction
of certain conditions specified in the Indenture. 
 12. Amendment; Supplement; Waiver. Subject to certain exceptions, the
Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes of all series then outstanding affected by such
amendment or supplement (voting as one class), and any existing Default or Event of Default or compliance with certain provisions may be waived with the consent of the Holders of a majority in aggregate principal amount of all the Notes of such
series, each series voting as a separate class, (or of all the Notes, as the case may be, voting as a single class) then outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes
to, among other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Notes in addition to or in place of certificated Notes, or make any other change that does not adversely affect the rights of any Holder of a Note. 

13. Defaults and Remedies. If an Event of Default (other than certain bankruptcy Events of Default with respect to the Company)
occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of Notes of this series then outstanding (voting as a separate class) may declare all of the Notes to be due and payable immediately in the manner and
with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to the Company occurs and is continuing, the entire principal amount of the Notes then outstanding and interest accrued thereon, if any, shall immediately
become due and payable. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity satisfactory to it. The
Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders
of Notes notice of certain continuing Defaults or Events of Default if it determines that withholding notice is in their interest. 
 14.
Trustee Dealings with Company. The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Company as if it were not the Trustee. 

  
 B-6 

 15. No Recourse Against Others. No stockholder, director, officer, employee, member
or incorporator, as such, of the Company, or any successor Person thereof shall have any liability for any obligation under the Notes or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each
Holder of a Note by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

16. Authentication. This Note shall not be valid until the Trustee manually signs the certificate of authentication on this
Note. 
 17. Abbreviations and Defined Terms. Customary abbreviations may be used in the name of a Holder of a Note or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

18. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Company has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other
identification numbers printed hereon. 
 19. Governing Law. The laws of the State of New York shall govern the Indenture and
this Note thereof. 

  
 B-7 

 ASSIGNMENT FORM 

 

			
	I or we assign and transfer this Note to
                                         
                                       
	
	  

	(Print or type name, address and zip code of assignee or transferee)
	
	  

	(Insert Social Security or other identifying number of assignee or transferee)
	
	and irrevocably appoint                      agent to transfer this Note on the books of the Company. The agent
may substitute another to act for him.

					
			
	Dated:				Signed:
			
	  
				  

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

  
 B-8 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.02 of the Supplemental Indenture, check the box.

 If you want to elect to have only part of this Note purchased by the Company pursuant to Section 4.02 of the Supplemental Indenture,
state the amount you elect to have purchased (must be integral multiples of $1,000): 
 $        

  

					
	Dated:				Signed:
			
	  
				  

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

  
 B-9 

 EXHIBIT C 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY
THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.
UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

SCRIPPS NETWORKS INTERACTIVE, INC. 

3.950% Senior Note Due 2025 
  

					
	No.		[                     ]		CUSIP No.: 811065AG6
			
					ISIN No.: US811065AG61
					$            

 SCRIPPS NETWORKS INTERACTIVE, INC., an Ohio corporation (the “Company”, which term includes any
successor corporation), for value received promises to pay to CEDE & CO., or registered assigns, the principal sum of $         (the “Principal”) on June 15, 2025. 

Interest Payment Dates: June 15 and December 15 (each, an “Interest Payment Date”), commencing on December 15,
2015. 
 Interest Record Dates: June 1 and December 1 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at
this place. 

  
 C-1 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by its duly authorized officer. 
  

			
	SCRIPPS NETWORKS INTERACTIVE, INC.
		
	By:		  

	Name:		Mark Schuermann
	Title:		Senior Vice President and Treasurer

  
 C-2 

 This is one of the Notes of the series designated herein and referred to in the within-mentioned Indenture. 
  

							
	Dated: June 2, 2015				 U.S. BANK NATIONAL ASSOCIATION,

      Trustee

				
					By:		  

					Name:		  

					Title:		Authorized Officer

  
 C-3 

 (REVERSE OF SECURITY) 

SCRIPPS NETWORKS INTERACTIVE, INC. 

3.950% Senior Note Due 2025 

1. Interest. SCRIPPS NETWORKS INTERACTIVE, INC., an Ohio corporation (the “Company”), promises to pay interest
on the principal amount of this Note at the rate per annum shown above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from June 2, 2015. The Company will pay
interest semi-annually in arrears on each Interest Payment Date, commencing December 15, 2015. Interest will be computed on the basis of a 360-day year of twelve 30-day months. If any Interest Payment Date is not a Business Day, then the related payment of interest for such Interest Payment Date shall be paid on the next succeeding Business Day with the same force and effect
as if made on such Interest Payment Date and no further interest shall accrue as a result of such delay. 
 The Company shall pay interest
on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

2. Method of Payment. The Company shall pay interest on the Notes (except defaulted interest) to the persons who are the
registered Holders at the close of business on the Interest Record Date immediately preceding the Interest Payment Date notwithstanding any transfer or exchange of such Note subsequent to such Interest Record Date and prior to such Interest Payment
Date. Holders must surrender Notes to the Trustee to collect principal payments. The Company shall pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts
(“U.S. Legal Tender”). Payment of principal of (and premium, if any) and any such interest on this Note will be made at the Corporate Trust Office of the Trustee in Cincinnati, Ohio or at any other office or agency designated by the
Company for such purpose; provided that at the option of the Company payment of interest may be made by check mailed to the address of the Holder entitled thereto as such address appears in the Note register. However, the payments of interest, and
any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of principal) shall be made by the Paying Agent, upon receipt from the Company of immediately available funds by
12:30 p.m., New York City time (or such other time as may be agreed to between the Company and the Paying Agent or the Company), directly to a Holder (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions
to the Trustee 15 days prior to such payment date requesting that such payment will be so made and designating the bank account to which such payments shall be so made and in the case of payments of principal surrenders the same to the Trustee in
exchange for a Note or Notes aggregating the same principal amount as the unredeemed principal amount of the Notes surrendered. 
 3.
Paying Agent. Initially, U.S. Bank National Association (the “Trustee”) will act as Paying Agent. The Company may change any Paying Agent without notice to the Holders. 

  
 C-4 

 4. Indenture. The Company and the Trustee entered into an Indenture, dated as of
December 1, 2011 (the “Base Indenture”) and a Third Supplemental Indenture, dated as of June 2, 2015, setting forth certain terms of the Notes pursuant to Section 2.04 of the Base Indenture (the
“Supplemental Indenture” and, together with the Supplemental Indenture, the “Indenture”). Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the Notes
include those stated in the Base Indenture and those made part of the Base Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the
“TIA”), as in effect on the date of the Base Indenture. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and holders of Notes are referred to the Base Indenture and the TIA for a statement of
them. To the extent the terms of the Base Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
 The
Supplemental Indenture imposes certain limitations on the incurrence of liens and certain sale and leaseback transactions and limits the Company’s ability to consolidate, merge, convey, transfer or lease its properties and assets substantially
as an entirety. To the extent the terms of the Supplemental Indenture are inconsistent with the Indenture or this Note, the terms of the Supplemental Indenture shall govern. 

5. Optional Redemption. The Notes are redeemable, in whole or in part, at the option of the Company, at any time and from time
to time at the redemption prices described in the Supplemental Indenture. 
 6. Change of Control Offer to Repurchase. If a
Change of Control Triggering Event (as defined in the Supplemental Indenture) occurs, unless the Company has exercised its right to redeem the Notes, Holders of the Notes will have the right to require the Company to repurchase all or a portion of
their Notes pursuant to the offer described in the Supplemental Indenture at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase, subject to the rights of Holders of
Notes on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date. 
 7. Special Mandatory
Redemption. If a Special Mandatory Redemption Trigger (as defined in the Supplemental Indenture) occurs, the Company will be required to redeem all the Notes pursuant to the terms described in the Supplemental Indenture at a redemption price
equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to but excluding the date of redemption, subject to the rights of Holders of Notes on the relevant Interest Record Date to receive interest due on the relevant
Interest Payment Date. 
 8. Denominations; Transfer; Exchange. The Notes are in registered form, without coupons, in
denominations of $2,000 and multiples of $1,000. A Holder shall register the transfer of or exchange Notes in accordance with the Indenture. The Company may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Company need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof
for a period of 15 days before such series is selected for redemption, nor need the Company register the transfer or exchange of any Note selected for redemption in whole or in part. 

  
 C-5 

 9. Persons Deemed Owners. The registered Holder of a Note shall be treated as the
owner of it for all purposes. 
 10. Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for
two years, the Trustee and the Paying Agent will repay the funds to the Company at its written request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease. 

11. Defeasance and Covenant Defeasance. The Company may be discharged from its obligations under the Notes and under the
Indenture with respect to the Notes except for certain provisions thereof, and may be discharged from obligations to comply with certain covenants contained in the Notes and in the Indenture with respect to the Notes, in each case upon satisfaction
of certain conditions specified in the Indenture. 
 12. Amendment; Supplement; Waiver. Subject to certain exceptions, the
Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes of all series then outstanding affected by such
amendment or supplement (voting as one class), and any existing Default or Event of Default or compliance with certain provisions may be waived with the consent of the Holders of a majority in aggregate principal amount of all the Notes of such
series, each series voting as a separate class, (or of all the Notes, as the case may be, voting as a single class) then outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes
to, among other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Notes in addition to or in place of certificated Notes, or make any other change that does not adversely affect the rights of any Holder of a Note. 

13. Defaults and Remedies. If an Event of Default (other than certain bankruptcy Events of Default with respect to the Company)
occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of Notes of this series then outstanding (voting as a separate class) may declare all of the Notes to be due and payable immediately in the manner and
with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to the Company occurs and is continuing, the entire principal amount of the Notes then outstanding and interest accrued thereon, if any, shall immediately
become due and payable. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity satisfactory to it. The
Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders
of Notes notice of certain continuing Defaults or Events of Default if it determines that withholding notice is in their interest. 
 14.
Trustee Dealings with Company. The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Company as if it were not the Trustee. 

  
 C-6 

 15. No Recourse Against Others. No stockholder, director, officer, employee, member
or incorporator, as such, of the Company, or any successor Person thereof shall have any liability for any obligation under the Notes or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each
Holder of a Note by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

16. Authentication. This Note shall not be valid until the Trustee manually signs the certificate of authentication on this
Note. 
 17. Abbreviations and Defined Terms. Customary abbreviations may be used in the name of a Holder of a Note or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

18. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Company has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other
identification numbers printed hereon. 
 19. Governing Law. The laws of the State of New York shall govern the Indenture and
this Note thereof. 

  
 C-7 

 ASSIGNMENT FORM 

 

					
	I or we assign and transfer this Note to
                                         
                                       
	
	  

	(Print or type name, address and zip code of assignee or transferee)
	
	  

	(Insert Social Security or other identifying number of assignee or transferee)
	
	and irrevocably appoint                      agent to transfer this Note on the books of the Company. The agent
may substitute another to act for him.

					
			
	Dated:				Signed:
			
	  
				  

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

  
 C-8 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.02 of the Supplemental Indenture, check the box.

 If you want to elect to have only part of this Note purchased by the Company pursuant to Section 4.02 of the Supplemental Indenture,
state the amount you elect to have purchased (must be integral multiples of $1,000): 
 $        

  

					
	Dated:				Signed:
			
	  
				  

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

  
 C-9

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