Document:

Exhibit 10.132

 

INDEMNITY AGREEMENT

 

THIS INDEMNITY AGREEMENT (this “Indemnity Agreement”) made as of the    day of          , 20   by and among Rockpoint Growth and Income Real Estate Fund II, L.P., a Delaware limited partnership (“Indemnitor”); Mack-Cali Realty Corporation, a Maryland corporation (“MCRC”); Mack-Cali Realty, L.P., a Delaware limited partnership (“MCRLP”); Mack-Cali Property Trust, a Maryland business trust (“MCPT”); Roseland Residential Trust, a Maryland business trust (“RRT”); and [Mack-Cali Purchaser] (the “Purchaser”, and together with MCRC, MCRLP, MCPT and RRT, the “Indemnitees” and each, individually, an “Indemnitee”).  Each of the Indemnitor and the Indemnitees is referred to herein individually as a “Party”, and collectively, as “Parties.”

 

W I T N E S S E T H:

 

WHEREAS, RRT, RPIIA-RLA, L.L.C., a Delaware limited liability company that has elected to be treated as a real estate investment trust for U.S. federal income tax purposes (“REIT I”), RPIIA-RLB, L.L.C., a Delaware limited liability company, and MCRLP have entered into that certain Second Amended and Restated Limited Partnership Agreement of Roseland Residential, L.P. (the “Partnership”), dated as of             , 2017 (such agreement, including any subsequent amendments thereto, the “LP Agreement”); and

 

WHEREAS, the Indemnitor is an affiliate of REIT I and of Rockpoint Growth and Income Upper REIT II-A, L.L.C., a Delaware limited liability company that has elected to be treated as a real estate investment trust for U.S. federal income tax purposes and that is an owner of common equity in REIT I (“REIT II”; each of REIT I and REIT II are referred to herein as a “REIT” and together, the “REITs”); and

 

WHEREAS, as contemplated in Section 13(f)(iii) of the LP Agreement, Purchaser shall acquire one hundred percent (100%) of the outstanding common equity interests of each REIT (with the sole exception of the common equity interests of REIT I owned by REIT II) (collectively, the “REIT Interests”), from the owners thereof (each owner individually a “Seller” and such owners, collectively, the “Sellers”); and

 

WHEREAS, as a material inducement to Purchaser’s acquiring the REIT Interests (it being recognized and agreed by the Parties that Purchaser would not otherwise acquire the REIT Interests but for Indemnitor’s entering into this Indemnity Agreement), the Indemnitor agrees to indemnify the Indemnitees as provided herein.

 

NOW, THEREFORE, in consideration of the foregoing recitals and the covenants and agreements of the Parties herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Indemnitor and the Indemnitees hereby agree as follows:

 

 

1.             Indemnity.  Except as otherwise set forth herein (including but not limited to Sections 3(h), 3(i) and 3(j)), Indemnitor shall indemnify and hold harmless each of the Indemnitees, together with the officers, directors, employees, affiliates, successors and permitted assigns of the Indemnitees (collectively, the “Indemnitee Parties” and each, individually, an “Indemnitee Party”), in the event, and to the extent, that any of them shall incur any damage, loss, liability, claim, action, judgment, settlement, interest, award, penalty, fine, cost, U.S. tax, or other expense of any type or kind solely as a result of the failure of any of the specified matters (the “Specified Matters”) set forth in Section 2 of this Indemnity Agreement to be true and correct in any material respect as of the date of this Indemnity Agreement (a “Loss”), provided that indemnification in the event of a Loss that is a result of a failure of a Specified Matter set forth in Section 2(e) to be true and correct (i) shall be limited to U.S. taxes, interest, penalties, additions to tax, contest costs, and other reasonable professional fees and expenses and (ii) shall be paid by the Indemnitor on an after-tax basis, and provided further that indemnification for Losses shall not include (A) any incidental, consequential, special and indirect damages except to the extent such damages are actually incurred and were reasonably foreseeable, and (B) any punitive damages and damages based on any multiple of revenue or income unless, and only to the extent, actually awarded by a governmental authority or other third party.

 

2.             Specified Matters.  The Specified Matters referred to in Section 1 are as follows:

 

(a)           Each REIT is a limited liability company duly organized, validly existing and in good standing under the Delaware Limited Liability Company Act, as amended.  Indemnitor has all necessary limited partnership power and authority to enter into this Indemnity Agreement and to carry out its obligations hereunder.  Indemnitor is a limited partnership duly organized, validly existing and in good standing under the Delaware Revised Uniform Limited Partnership Act, as amended.  Indemnitor has all necessary right, power and authority to enter into this Indemnity Agreement, and to carry out its obligations hereunder.  Each Seller has all necessary right, power and authority to effectuate the sale of its interest in the REIT Interests to Purchaser.  The execution and delivery by Indemnitor of this Indemnity Agreement, the performance by Indemnitor of its obligations hereunder and the consummation by each Seller of the sale of its interest in the REIT Interests contemplated hereby have been duly authorized by all requisite actions on the part of Indemnitor and Seller, as applicable.  This Indemnity Agreement has been duly executed and delivered by the Indemnitor and constitutes a legal, valid and binding obligation thereof, enforceable against Indemnitor in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).  Each person signing this Indemnity Agreement on behalf of Indemnitor is authorized to do so.

 

(b)           The execution, delivery and performance by Indemnitor of this Indemnity Agreement, and the consummation of the transactions contemplated hereby, does not and will not: (1) result in a violation or breach of any provision of the limited partnership agreement, certificate of incorporation, bylaws, certificate of formation, operating agreement, and/or any other formation, organizational or governing document, as applicable, of Indemnitor, any Seller, or either REIT; (2) result in a violation or breach of any provision of any law or governmental order applicable to Indemnitor, any Seller, or either REIT; or (3) require the consent, notice or other action by any person under, conflict with, result in a violation or breach of, constitute a

 

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default under or result in the acceleration of any agreement to which Indemnitor, any Seller, or either REIT is a party, except in the cases of this clause (3) or clause (2) above, where the violation, breach, conflict, default, acceleration or failure to give notice, obtain consent or take other action would not have a material adverse effect on such Indemnitor’s, Seller’s, or REIT’s ability to consummate the transactions contemplated hereby, and except, in the case of clause (3) above, for any consents, notices or actions that have been or will be duly and timely obtained, given or taken as required. No consent, approval, permit, governmental order, declaration or filing with, or notice to any governmental authority is required by or with respect to Indemnitor in connection with the execution and delivery of this Indemnity Agreement and the consummation of the transactions contemplated hereby other than any that have been or will be duly and timely obtained, received, made or filed as required.

 

(c)           Each Seller has exclusive legal title to, is the sole owner of, and has the unrestricted power, right and authority to sell, convey, transfer, assign and deliver its interest in the REIT Interests free and clear of all encumbrances of any kind or nature.  Following the acquisition by Purchaser of the REIT Interests as contemplated herein and in the LP Agreement, Purchaser shall have legal title to, and shall be the exclusive legal and equitable owner of, the REIT Interests free and clear of all encumbrances of any kind or nature (other than any encumbrances arising from acts of the Purchaser or any other Indemnitee).

 

(d)           Other than as expressly set forth in the Transaction Documents (as defined in the LP Agreement), as of the date hereof, each REIT has (i) no material indebtedness or other material liabilities including material contingent liabilities, and (ii) in the case of REIT I, no material assets other than ownership of    Class A Preferred Partnership Units (as defined in the LP Agreement) in the Partnership and, in the case of REIT II, ownership of an interest in REIT I (it being understood that any obligation to return or restore an amount pursuant to Section 9(d) of the LP Agreement shall not be a Specified Matter giving rise to indemnity under this Agreement).

 

(e)           Except as may result from (i) an action expressly permitted in the Transaction Documents, or (ii) any action taken by or at the written request of Indemnitees or their affiliates, each REIT (A) has never been classified as an association taxable as a corporation (other than a corporation that has elected to be treated as a real estate investment trust within the meaning of the Internal Revenue Code of 1986, as amended (the “Code”)) for U.S. federal income tax purposes, (B) was eligible to make and timely made an election to be taxed as a real estate investment trust within the meaning of the Code, (C) other than during any period in which it was a disregarded entity or partnership for U.S. federal income tax purposes, for each year of its existence, beginning with its first taxable year, has qualified as a real estate investment trust within the meaning of the Code, (D) has operated in such a manner as to qualify as a real estate investment trust within the meaning of the Code for each such year and through the effective date of the applicable Seller’s sale of its interest in the REIT Interests to Purchaser as contemplated herein and in the LP Agreement, and (E) has not taken, omitted to take, or permitted or suffered to be taken any action which would cause such REIT to fail to qualify as a real estate investment trust within the meaning of the Code.

 

(f)            Each of Indemnitor, each Seller, and each REIT has not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in bankruptcy or suffered

 

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the filing of any involuntary petition by its creditors, (iii) suffered the appointment of a receiver to take possession of all, or substantially all, of its assets, (iv) suffered the attachment or other judicial seizure of all, or substantially all, of its assets, (v) admitted in writing to outside third parties (which, for the avoidance of doubt, shall not be deemed to include internal communications or  privileged or confidential communications with counsel, accountants, financial advisors or other consultants, advisors, representatives or agents of any of the Indemnitor, any Seller or any REIT or similar parties acting for or on behalf of the Indemnitor or any Seller or REIT) its inability to pay its debts generally as they come due, or (vi) made an offer of settlement, extension or composition to its creditors generally.

 

(g)           There are no claims, actions, causes of action, demands, lawsuits, arbitrations, inquiries, notice of violations, proceedings, litigations, tax audits, citations, summons, subpoenas or investigations of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law or in equity (each, an “Action”) pending or, to Seller’s knowledge, threatened in writing against Indemnitor, any Seller, or either REIT (or an affiliate of Indemnitor, any Seller, or either REIT) that would have a material adverse effect on either REIT, on Indemnitor’s ability to satisfy its obligations pursuant to this Indemnity Agreement, or on any Seller’s ability to sell its interest in the REIT Interests as contemplated herein and in the LP Agreement.  To the knowledge of Indemnitor, no event has occurred and no circumstances exist that would be reasonably likely to give rise to, or serve as a basis for, any such Action.  There are no outstanding governmental orders and no unsatisfied judgments, penalties or awards against or adversely affecting either REIT or that would otherwise prevent Indemnitor from being able to perform its obligations under this Indemnity Agreement or prevent any Seller from being able to sell its interest in the REIT Interests to Purchaser.

 

3.             Contests.

 

(a)           If the Purchaser, any other Indemnitee or any affiliate thereof receives any written notice of a pending or threatened audit, investigation, inquiry, assessment, proposed adjustment, notice of deficiency, litigation, contest or other dispute that could result in a Loss for which the Indemnitor is obligated to indemnify an Indemnitee under this Indemnity Agreement (a “Claim”), the Purchaser agrees promptly to notify the Indemnitor in writing of such Claim.

 

(b)           Upon written notice from the Indemnitor to the Purchaser within fifteen (15) days after receipt by Indemnitor of the notice referred to in Section 3(a), the Indemnitor or its designee shall have the sole right to represent the REITs in the applicable Claim at the expense of the Indemnitor, with counsel selected by the Indemnitor and in the forum selected by the Indemnitor; provided that in the case of a Claim in respect of Section 2(e), the Indemnitor or its designee shall be entitled so to represent the REITs only in a controversy with the Internal Revenue Service (the “IRS”) for a taxable period ending on or before or that includes the date of Purchaser’s acquisition of the REIT Interests pursuant to the LP Agreement (the “Purchase Date”); provided that the Purchaser or its designee shall be entitled to assume such representation if upon the Purchaser’s request the Indemnitor is not able to demonstrate to the Purchaser’s reasonable satisfaction that the Indemnitor has the financial capability to satisfy its obligations hereunder with respect to the applicable Claim.  Notwithstanding the foregoing, the Indemnitor shall not be entitled to settle any controversy so conducted by the Indemnitor without the prior written consent of the Purchaser (not unreasonably to be withheld, delayed or conditioned) if

 

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such settlement could (i) adversely affect the tax status or liability of either REIT, any Indemnitee or any affiliate thereof for any taxable period commencing on or after or that includes the Purchase Date or (ii) reasonably be expected to result in a Loss to an Indemnitee for which such Indemnitee would not be indemnified under this Indemnity Agreement.

 

(c)           The Purchaser or its designee shall contest any Claim not contested by the Indemnitor or its designee pursuant to Section 3(b), in good faith at the expense of the Indemnitor (such expenses, including reasonable legal, accounting and investigatory fees and costs, to be paid currently by the Indemnitor), with counsel selected by the Purchaser and in the forum selected by the Purchaser upon written request therefor from  the Indemnitor to the Purchaser within thirty (30) days after receipt by the Indemnitor of the notice referred to in Section 3(a) accompanied by proof reasonably satisfactory to the Purchaser that the Indemnitor has the financial capability to satisfy its obligations hereunder with respect to the applicable Claim along with an opinion in form and substance reasonably satisfactory to Purchaser of independent tax counsel or accountants of recognized standing reasonably satisfactory to the Purchaser to the effect that there is substantial authority for the position that the Purchaser seeks to take in the contest of such Claim, provided that (i) the Purchaser shall not be required to pursue any appeal of a judicial decision under this Section 3(c) unless timely so requested in writing by Indemnitor and shall not be obligated to contest any Claim in the U. S. Supreme Court, and (ii) the Indemnitor shall advance to the Purchaser on an interest free basis sufficient funds to pay the applicable tax, interest, penalties and additions to tax to the extent necessary for the contest to proceed in the forum selected by the Purchaser.  The Purchaser shall have the sole right to represent the REITs in any controversy with the IRS that does not constitute a Claim or that is solely with respect to taxable periods beginning after the Purchase Date and to employ counsel of its choice at its expense.  The Purchaser shall (except to the extent provided in Section 3(d)) have full control over the conduct of any contest under this Section 3(c) but shall keep the Indemnitor informed as to the progress of such contest, shall provide the Indemnitor with all documents and information related to such contest reasonably requested in writing by the Indemnitor (other than tax returns (except for (i) separate company tax returns of either or both REITS or (ii) portions of tax returns that include but are not limited to either or both REITS or information therefrom compiled by the Purchaser) and other confidential information), and shall consider in good faith any suggestions made by the Indemnitor as to the conduct of such contest.  Neither the Purchaser nor any REIT or any Indemnitee shall waive or extend the statute of limitations with respect to any taxable year of either REIT ending on or before or that includes the Purchase Date without the prior written consent of the Indemnitor (not unreasonably to be withheld, delayed or conditioned).

 

(d)           Purchaser shall advise Indemnitor in writing of any settlement offer made by the IRS with respect to a controversy being contested pursuant to Section 3(c).  Purchaser shall not be entitled to settle or compromise, either administratively or after the commencement of litigation, any controversy conducted by it pursuant to Section 3(c) without the prior written consent of the Indemnitor (not unreasonably to be withheld, delayed or conditioned) if such settlement or compromise (i) would give rise to an obligation of Indemnitor to indemnify an Indemnitee under this Indemnity Agreement (unless Purchaser waives payment of such indemnity) or (ii) could adversely affect the liability of Indemnitor or any direct or indirect owner of Indemnitor for taxes.  If the Indemnitor requests in writing that the Purchaser accept a settlement or compromise offer (other than a settlement or compromise offer that would

 

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adversely affect the status of any Indemnitee or any affiliate (other than the REITs) as a real estate investment trust for Federal income tax purposes or a settlement or compromise offer conditioned upon agreement with respect to any matter not indemnified against by Indemnitor under this Indemnity Agreement), the Purchaser shall either accept such settlement offer or agree with the Indemnitor that the liability of the Indemnitor with respect to such Claim under this Indemnity Agreement shall be limited to an amount calculated on the basis of such settlement offer.

 

(e)           Indemnitor shall pay any indemnity amount due under this Indemnity Agreement in respect of a Claim that is contested as set forth in Section 3(b) or 3(c), and Purchaser shall refund to Indemnitor any amount advanced by Indemnitor pursuant to clause (ii) of the proviso to the first sentence of Section 3(c) in excess of the portion thereof due to Purchaser under this Indemnity Agreement, within fifteen (15) Business Days (as defined in the LP Agreement) after the earlier of (i) a decision, judgment, decree or other order by any court of competent jurisdiction which has become final and is not appealed pursuant to this Indemnity Agreement, or (ii) entry into a closing agreement or other settlement agreement or compromise in connection with an administrative or judicial proceeding. Indemnitor shall pay any indemnity amount due under this Indemnity Agreement in respect of a Claim other than a Claim that is contested as set forth in Section 3(b) or 3(c) within fifteen (15) Business Days (as defined in the LP Agreement) after written demand therefor by the Purchaser accompanied by reasonable evidence of the liability for and amount of the indemnity. Late payments shall bear interest at the rate of eighteen percent (18%) per annum compounded monthly (or if less, the highest rate allowed by law).

 

(f)            Except as provided above, the Purchaser and the other Indemnitees shall have full control over any decisions in respect of contesting or not contesting any tax matter and may pursue or not pursue administrative and/or judicial remedies and conduct any contest in any manner as they may determine, in each case in their sole and absolute discretion.

 

(g)           The Parties shall use commercially reasonable efforts to mitigate any Loss, including by availing the REITs at the expense of the Indemnitor of the mitigation provisions available to real estate investment trusts under the Code.

 

(h)           Notwithstanding anything herein to the contrary, under no circumstances shall the Indemnitor be liable for any Loss:  (i) incurred by any Person (as defined in the LP Agreement) other than the REITs  after the earlier of (A) the day immediately prior to the last day of the calendar quarter that includes the Purchase Date or (B) the last day of the tax year of the REITs that includes the Purchase Date (regardless of when during the Survival Period such taxes are assessed by the IRS) (it being understood that any tax arising from a failure to comply with Section 856(c)(4) of the Code in any quarter is incurred no sooner than the last day of the applicable quarter); or (ii) incurred by either or both of the REITs that results from a transaction (including a transaction deemed to occur for income tax purposes) that occurs after the date which is six (6) months following the Purchase Date (regardless of when during the Survival Period such taxes are assessed by the IRS); provided, however, that Indemnitor’s liability for any Loss  relating to taxes shall be determined by reference to, and shall not exceed, the RP REITs’ Tax Liability Limitation (as hereinafter defined).  For purposes of this Agreement, the  term “RP REITs’ Tax Liability Limitation” shall mean the tax liabilities of the REITs that would have

 

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resulted had REIT I sold its assets on the Purchase Date for the value used to determine the Purchase Payments (as defined in the LP Agreement) under the LP Agreement (such maximum tax liabilities to be determined (x) for the sake of clarity, taking into account any additional tax arising from such sale resulting from the actual failure of a REIT to qualify as a real estate investment trust within the meaning of Section 856 of the Code on or prior to the Purchase Date, and (y) without giving effect to any items of deduction or credits unrelated to such deemed sales that such REITs would have had available to reduce their tax liabilities resulting from such sales).

 

(i) Notwithstanding anything contained herein to the contrary, no Specified Matter shall be treated as failing to be true and correct, and therefore no such Specified Matter shall be the basis for indemnification under this Indemnity Agreement, to the extent any failure of such Specified Matter to be true and correct is the result of a breach by the Partnership or any Indemnitee of any representation or covenant in any Transaction Document, including any failure by the Partnership to operate in accordance with the REIT Requirements (as defined in the LP Agreement), or as a result of any Event of Default (as defined in the LP Agreement).

 

(j)                                    The amount for which Indemnitor is otherwise liable hereunder shall be reduced by reason of any liability that it would not have incurred but for an Event of Default having occurred.

 

4.                                      Entire Agreement.  This Indemnity Agreement constitutes the entire understanding among the Parties with respect to the subject matter hereof and supersedes any prior agreement or understanding among the Parties with respect to the subject matter hereof.

 

5.                                      Governing Law; Submission to Jurisdiction; Waiver of Trial by Jury.  The validity, interpretation and enforcement of this Indemnity Agreement shall be governed by the laws of the State of New York without regard to its principles of conflicts of law.  Each Party hereby submits to the exclusive jurisdiction of any United States Federal court sitting in New York County or New York State Court located in New York County in any action or proceeding arising out of or relating to this Indemnity Agreement.  EACH OF THE PARTIES HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, A TRIAL BY JURY IN ANY ACTION ARISING OUT OF MATTERS RELATED TO THIS INDEMNITY AGREEMENT, WHICH WAIVER IS INFORMED AND VOLUNTARY.

 

6.                                      Amendments.  This Indemnity Agreement shall not be modified, altered, supplemented or amended, except pursuant to a written agreement executed and delivered by all of the Parties.

 

7.                                      Notices.  Any notice, demand or request may be given in writing by email transmission to the Party for whom it is intended, or (a) by registered or certified mail (return receipt requested and postage prepaid), (b) by a nationally recognized overnight courier providing for signed receipt of delivery, or (c) by facsimile, with delivery confirmed by the sender and followed by copy sent by nationally recognized overnight courier providing for signed receipt of delivery, in each case at the following address, or such other address as may be designated in writing by notice given in accordance with this Section 7:

 

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If to any Indemnitee:
    	
c/o Roseland   Residential Trust 
    
	
 
    	
210 Hudson Street,   Suite 400 
    
	
 
    	
Jersey City, NJ 07311 
    
	
 
    	
Facsimile:(732)   590-1009 
    
	
 
    	
E-mail:   Baron@Roselandres.com 
    
	
 
    	
Attention: Ivan Baron
    
	
 
    	
 
    
	
with a copy to:
    	
Mack-Cali Realty   Corporation 
    	
 
    
	
 
    	
Harborside 3
    
	
 
    	
210 Hudson Street,   Suite 400 
    	
 
    
	
 
    	
Jersey City, NJ 07311 
    	
 
    
	
 
    	
Facsimile: (732)   205-9015
    	
 
    
	
 
    	
Email:gwagner@mack-cali.com   
    	
 
    
	
 
    	
Attention: Gary Wagner 
    	
 
    
	
 
    	
Executive Vice   President and General Counsel
    	
 
    
	
 
    	
 
    	
 
    
	
with a copy to:
    	
Seyfarth Shaw LLP 
    
	
 
    	
620 Eighth Avenue 
    
	
 
    	
New York, NY 10018 
    
	
 
    	
Facsimile: (212)   218-5526
    
	
 
    	
E-mail:   jnapoli@seyfarth.com 
    
	
 
    	
bhornick@seyfarth.com 
    
	
 
    	
Attention: John P.   Napoli 
    
	
 
    	
Blake Hornick
    

 

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If to Indemnitor: 
    	
Rockpoint Growth and   Income Real 
    
	
 
    	
Estate Fund II 
    
	
 
    	
500 Boylston Street
    
	
 
    	
Boston, MA 02116 
    
	
 
    	
Facsimile: (617)   437-7011 
    
	
 
    	
E-mail:   pboney@rockpointgroup.com jgoldman@rockpointgroup.com 
    
	
 
    	
Attention: Paisley   Boney 
    
	
 
    	
Joseph Goldman 
    
	
and
    	
 
    
	
 
    	
Rockpoint Growth and   Income Real 
    
	
 
    	
Estate Fund II 
    
	
 
    	
Woodlawn Hall at Old   Parkland 
    
	
 
    	
3953 Maple Avenue,   Suite 300 
    
	
 
    	
Dallas, TX 75219 
    
	
 
    	
Facsimile: (972)   934-8836 
    
	
 
    	
E-mail:   rhoyl@rockpointgroup.com 
    
	
 
    	
Attention: Ron Hoyl
    
	
 
    	
 
    
	
with a copy to:
    	
Gibson, Dunn &   Crutcher LLP
    
	
 
    	
2029 Century Park East,   Suite 4000
    
	
 
    	
 Los Angeles, CA 90067 
    
	
 
    	
Facsimile: (213)   229-6638 
    
	
 
    	
E-mail:   jsharf@gibsondunn.com 
    
	
 
    	
gpollner@gibsondunn.com   
    
	
 
    	
Attention: Jesse Sharf 
    
	
 
    	
Glenn R. Pollner
    

 

All notices (i) shall be deemed to have been delivered on the date that the same shall have been actually delivered in accordance with the provisions of this Section 7 and (ii) may be delivered either by a Party or by such Party’s attorneys.  Any Party may, from time to time, specify as its address for purposes of this Indemnity Agreement any other address upon the giving of ten (10) days’ written notice thereof to the other Parties.

 

8.                                      Term.  The term of this Indemnity Agreement shall survive for the full period of all applicable statutes of limitations (giving effect to any waiver, mitigation or extension thereof) plus sixty (60) days (the “Survival Period”).

 

9.                                      Counterparts.  This Indemnity Agreement may be executed in one or more counterparts, all of which taken together shall constitute one and the same instrument.  Delivery of such counterpart signature pages may be effectuated by email pursuant to Section 7.

 

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10.                               Severability.  If any provision of this Indemnity Agreement is held to be illegal, invalid, or unenforceable under present or future laws effective during the term of this Agreement, such provision shall be fully severable and this Indemnity Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part of this Indemnity Agreement, and the remaining provisions of this Indemnity Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Indemnity Agreement, unless such continued effectiveness of this Indemnity Agreement, as modified, would be contrary to the basic understandings and intentions of the Parties as expressed herein.

 

11.                               Recitals.  The recitals and introductory paragraphs hereof are a part hereof, form a basis for this Indemnity Agreement and shall be considered prima facie evidence of the facts and documents referred to therein.

 

12.                               Third Party Beneficiaries.  None of the provisions of this Indemnity Agreement shall be for the benefit of or enforceable by any person not a party hereto, provided, however, that notwithstanding the foregoing, those Indemnitee Parties who are not parties to this Indemnity Agreement are third party beneficiaries hereof, it being agreed to and understood that such Indemnitee Parties shall have the right to be indemnified by Indemnitor pursuant to the terms of this Indemnity Agreement (and shall have the right to enforce this Indemnity Agreement against Indemnitor) as if such Indemnitee Parties were parties hereto.

 

13.                               Successors and Assigns.  This Indemnity Agreement shall inure to the benefit of, and be binding upon, the Parties hereto and their respective successors and permitted assigns, provided, however, that Indemnitor shall not be entitled to assign its obligations pursuant to this Indemnity Agreement without the express written consent of the Indemnitees (which consent shall not be unreasonably withheld).

 

14.                               Sole Remedy.  Notwithstanding anything to the contrary in this Indemnity Agreement, the indemnification provided for in this Indemnity Agreement shall be the sole and exclusive remedy of the Purchaser for the failure of any of the Specified Matters set forth in Section 2 to be true and correct in any material respect as of the date of this Indemnity Agreement (taking into account the proviso to the lead in sentence of Section 2) or with respect to any other matter with respect to which indemnification of the Purchaser is contemplated by this Indemnity Agreement.  For the avoidance of doubt, the failure of any of the Specified Matters set forth in Section 2 to be true and correct at any time shall not relieve the Purchaser from its obligation to purchase the Put/Call Interests (as defined in the LP Agreement) from Rockpoint Preferred Holders (as defined in the LP Agreement) at any time such purchase is required pursuant to the terms of the LP Agreement.

 

[REMAINDER OF PAGE INTENTIONALLY BLANK;

SIGNATURE PAGES FOLLOW]

 

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IN WITNESS WHEREOF, the Parties have duly executed this Indemnity Agreement as of the date first written above.

 

	
 
    	
INDEMNITOR  
    
	
 
    	
 
    
	
 
    	
ROCKPOINT GROWTH AND INCOME FUND II 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By 
    	
 
    
	
 
    	
Name: 
    	
 
    
	
 
    	
Title:  
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
INDEMNITEES    
    
	
 
    	
 
    
	
 
    	
MACK-CALI REALTY CORPORATION 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
MACK-CALI REALTY, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
[PURCHASER]
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title: 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
MACK-CALI PROPERTY TRUST
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
Name: 
    	
 
    
	
 
    	
Title: 
    	
 
    

 

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ROSELAND RESIDENTIAL   TRUST 
    
	
 
    	
 
    	
 
    
	
 
    	
By 
    	
 
    
	
 
    	
Name: 
    	
 
    
	
 
    	
Title:
    	
 
    

 

2Exhibit
4.2 

 

RENAISSANCE
ACQUISITION CORP. (to be merged with and into GARDNER DENVER,
INC.)

 

as
Issuer

 

THE
GUARANTORS NAMED HEREIN

 

and

 

Wells
Fargo Bank, National Association

as Trustee,

 

INDENTURE

Dated as of July 30, 2013

$575,000,000

6.875% Senior Notes Due 2021

 

     

    	 

    

 

Table
of Contents

 

		Page
	 

                                                                  ARTICLE
                                         One

                                                                                 

                                                                                DEFINITIONS
                                         AND OTHER PROVISIONS

                                                                                OF
                                         GENERAL APPLICATION

                                                                                 

	SECTION
    101.          Rules of Construction	1
	SECTION
    102.          Definitions	2
	SECTION
    103.          Compliance Certificates and Opinions	37
	SECTION
    104.          Form of Documents Delivered to Trustee	37
	SECTION
    105.          Acts of Holders	38
	SECTION
    106.          Notices, Etc., to Trustee, Issuer, any Guarantor and Agent	39
	SECTION
    107.          Notice to Holders; Waiver	39
	SECTION
    108.          Effect of Headings and Table of Contents	40
	SECTION
    109.          Successors and Assigns	40
	SECTION
    110.          Severability Clause	40
	SECTION
    111.          Benefits of Indenture	40
	SECTION
    112.          Governing Law	40
	SECTION
    113.          Legal Holidays	40
	SECTION
    114.          No Personal Liability of Directors, Managers, Officers,
    Employees and Stockholders	40
	SECTION
    115.          [Reserved]	40
	SECTION
    116.          Counterparts	41
	SECTION
    117.          USA PATRIOT Act	41
	SECTION
    118.          Waiver of Jury Trial	41
	SECTION
    119.          Force Majeure	41
	 

                                                                  ARTICLE Two

                                                                   

                                                                  NOTE FORMS

                                                                   

	SECTION
    201.          Form and Dating	41
	SECTION
    202.          Execution, Authentication, Delivery and Dating	41
	 

                                                                  ARTICLE Three

                                                                   

                                                                  THE NOTES

                                                                   

	SECTION
    301.          Title and Terms	43
	SECTION
    302.          Note Registrar, Transfer Agent and Paying Agent	44
	SECTION
    303.          Denominations	44
	SECTION
    304.          Temporary Notes	44
	SECTION
    305.          Registration of Transfer and Exchange	45
	SECTION
    306.          Mutilated, Destroyed, Lost and Stolen Notes	45
	SECTION
    307.          Payment of Interest; Interest Rights Preserved.	46
	SECTION
    308.          Persons Deemed Owners	47
	SECTION
    309.          Cancellation	47
	SECTION
    310.          Computation of Interest	47
	SECTION
    311.          Transfer and Exchange	47
	SECTION
    312.          CUSIP, ISIN and Common Code Numbers	47
	SECTION
    313.          Issuance of Additional Notes	48

 

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		Page
	 

                                                                  ARTICLE
                                         Four

                                                                   

                                                                  SATISFACTION
                                         AND DISCHARGE

                                                                   

	SECTION
    401.          Satisfaction and Discharge of Indenture	48
	SECTION
    402.          Application of Trust Money	49
	 

                                                                  ARTICLE
                                         Five

                                                                   

                                                                  REMEDIES

                                                                   

	SECTION
    501.          Events of Default	50
	SECTION
    502.          Acceleration of Maturity; Rescission and Annulment	51
	SECTION
    503.          Collection of Indebtedness and Suits for Enforcement by
    Trustee	52
	SECTION
    504.          Trustee May File Proofs of Claim	53
	SECTION
    505.          Trustee May Enforce Claims Without Possession of Notes	54
	SECTION
    506.          Application of Money Collected	54
	SECTION
    507.          Limitation on Suits	54
	SECTION
    508.          Unconditional Right of Holders to Receive Principal, Premium
    and Interest	55
	SECTION
    509.          Restoration of Rights and Remedies	55
	SECTION
    510.          Rights and Remedies Cumulative	55
	SECTION
    511.          Delay or Omission Not Waiver	55
	SECTION
    512.          Control by Holders	55
	SECTION
    513.          Waiver of Past Defaults	56
	SECTION
    514.          Waiver of Stay or Extension Laws	56
	SECTION
    515.          Undertaking for Costs	56
	 

                                                                  ARTICLE
                                         Six

                                                                   

                                                                  THE
                                         TRUSTEE

                                                                   

	SECTION
    601.          Duties of the Trustee	56
	SECTION
    602.          Notice of Defaults	57
	SECTION
    603.          Certain Rights of Trustee	58
	SECTION
    604.          Trustee Not Responsible for Recitals or Issuance of Notes	59
	SECTION
    605.          May Hold Notes	59
	SECTION
    606.          Money Held in Trust	60
	SECTION
    607.          Compensation and Reimbursement	60
	SECTION
    608.          Corporate Trustee Required; Eligibility	61
	SECTION
    609.          Resignation and Removal; Appointment of Successor	61
	SECTION
    610.          Acceptance of Appointment by Successor	62
	SECTION
    611.          Merger, Conversion, Consolidation or Succession to Business	62
	SECTION
    612.          Appointment of Authenticating Agent	62
	

                                                                   

                                                                  ARTICLE
                                         Seven

                                                                   

                                                                  HOLDERS
                                         LISTS AND REPORTS BY TRUSTEE AND ISSUER

                                                                   

	SECTION
    701.          Issuer to Furnish Trustee Names and Addresses	63
	SECTION
    702.          Reports by Trustee	64

 

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		Page
	 	 
	ARTICLE
                                         Eight

                                                                   

                                                                  MERGER,
                                         CONSOLIDATION OR SALE

                                                                  OF
                                         ALL OR SUBSTANTIALLY ALL ASSETS

                                                                   

	SECTION
    801.          Issuer May Consolidate, Etc., Only on Certain Terms	64
	SECTION
    802.          Guarantors May Consolidate, Etc., Only on Certain Terms	65
	SECTION
    803.          Successor Substituted	66
	 	 
	ARTICLE
                                         Nine

                                                                   

                                                                  SUPPLEMENTAL
                                         INDENTURES

                                                                   

	SECTION
    901.          Amendments or Supplements Without Consent of Holders	66
	SECTION
    902.          Amendments, Supplements or Waivers with Consent of Holders	67
	SECTION
    903.          Execution of Amendments, Supplements or Waivers	68
	SECTION
    904.          Effect of Amendments, Supplements or Waivers	68
	SECTION
    905.          [Reserved]	68
	SECTION
    906.          Reference in Notes to Supplemental Indentures	68
	SECTION
    907.          Notice of Supplemental Indentures	69
	 

                                                                  ARTICLE
                                         Ten

                                                                   

                                                                  COVENANTS

                                                                   

	SECTION
    1001.          Payment of Principal, Premium, if any, and Interest	69
	SECTION
    1002.          Maintenance of Office or Agency	69
	SECTION
    1003.          Money for Notes Payments to Be Held in Trust	69
	SECTION
    1004.          Organizational Existence	70
	SECTION
    1005.          Payment of Taxes and Other Claims	71
	SECTION
    1006.          Maintenance of Properties	71
	SECTION
    1007.          Insurance	71
	SECTION
    1008.          Statement by Officer as to Default	71
	SECTION
    1009.          Reports and Other Information	72
	SECTION
    1010.          Limitation on Restricted Payments	73
	SECTION
    1011.          Limitation on Incurrence of Indebtedness and Issuance
    of Disqualified Stock	81
	SECTION
    1012.          Liens	86
	SECTION
    1013.          Limitations on Transactions with Affiliates	87
	SECTION
    1014.          Limitations on Dividend and Other Payment Restrictions
    Affecting Restricted Subsidiaries	89
	SECTION
    1015.          Limitation on Guarantees of Indebtedness by Restricted
    Subsidiaries	91
	SECTION
    1016.          Change of Control	92
	SECTION
    1017.          Asset Sales	94
	SECTION
    1018.          Suspension of Covenants	97
	

                                                                   

                                                                  ARTICLE
                                         Eleven

                                                                   

                                                                  REDEMPTION
                                         OF NOTES

                                                                   

	SECTION
    1101.          Right of Redemption	98
	SECTION
    1102.          Applicability of Article	99
	SECTION
    1103.          Election to Redeem; Notice to Trustee	99
	SECTION
    1104.          Selection by Trustee of Notes to Be Redeemed	99
	SECTION
    1105.          Notice of Redemption	99
	SECTION
    1106.          Deposit of Redemption Price	101
	SECTION
    1107.          Notes Payable on Redemption Date	101
	SECTION
    1108.          Notes Redeemed in Part	101
	SECTION
    1109.          [Reserved]	101
	SECTION
    1110.          Mandatory Redemption	101

 

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                                                                  ARTICLE
                                         Twelve

                                                                   

                                                                  GUARANTEES

                                                                   

	SECTION
    1201.          Guarantees	101
	SECTION
    1202.          Severability	103
	SECTION
    1203.          Restricted Subsidiaries	103
	SECTION
    1204.          Limitation of Guarantors’ Liability	103
	SECTION
    1205.          Contribution	103
	SECTION
    1206.          Subrogation	104
	SECTION
    1207.          Reinstatement	104
	SECTION
    1208.          Release of a Guarantor	104
	SECTION
    1209.          Benefits Acknowledged	105
	SECTION
    1210.          Effectiveness of Guarantees	105
	

                                                                   

                                                                  ARTICLE
                                         Thirteen

                                                                   

                                                                  LEGAL
                                         DEFEASANCE AND COVENANT DEFEASANCE

                                                                   

	SECTION
    1301.          Issuer’s Option to Effect Legal Defeasance or Covenant
    Defeasance	105
	SECTION
    1302.          Legal Defeasance and Discharge	105
	SECTION
    1303.          Covenant Defeasance	105
	SECTION
    1304.          Conditions to Legal Defeasance or Covenant Defeasance	106
	SECTION
    1305.          Deposited Money and Government Securities To Be Held in
    Trust Other Miscellaneous Provisions	107
	SECTION
    1306.          Reinstatement	108

 

    -iv-

    	 

    

 

 

APPENDIX
& EXHIBITS

 

ANNEX
I      ― Rule 144A / Regulation S 

EXHIBIT
1 to Rule 144A / Regulation S – Form of Initial Note 

EXHIBIT
2 to Rule 144A / Regulation S – Form of Transferee 

Letter
of Representation 

EXHIBIT
A      –      Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors 

EXHIBIT
B      –      Form of Incumbency Certificate

 

    -v-

    	 

    

 

INDENTURE
dated as of July 30, 2013 (this “Indenture”), among RENAISSANCE ACQUISITION CORP., a Delaware corporation (the “Issuer”),
which shall be merged with and into GARDNER DENVER, INC., a Delaware corporation, upon consummation of the Acquisition (as defined
below) and GARDNER DENVER, INC. shall from and after such Acquisition be the “Issuer” hereunder, the Guarantors (as
defined herein) listed on the signature pages hereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee (the “Trustee”).

 

RECITALS
OF THE ISSUER

 

The
Issuer has duly authorized the creation of an issue of 6.875% Senior Notes due 2021 issued on the date hereof (the “Initial
Notes”) and to provide therefor the Issuer has duly authorized the execution and delivery of this Indenture.

 

All
things necessary have been done to make the Notes, when executed by the Issuer and authenticated and delivered hereunder and duly
issued by the Issuer, the valid and legally binding obligations of the Issuer and to make this Indenture a valid and legally binding
agreement of the Issuer and the Guarantors, in accordance with their and its terms.

 

Each
of the parties hereto is entering into this Indenture for the benefit of the other parties and for the equal and ratable benefit
of the Holders (as defined below) of (i) the Issuer’s Initial Notes and (ii) any Additional Notes (as defined herein) that
may be issued from time to time under this Indenture.

 

NOW,
THEREFORE, THIS INDENTURE WITNESSETH:

 

For
and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed,
for the equal and ratable benefit of all Holders, as follows:

 

ARTICLE
One

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION

 

SECTION
101.          Rules of Construction.

 

(a)          
For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires:

 

(1)          
the terms defined in this Article have the meanings assigned to them in this Article, and words in the singular include
the plural and words in the plural include the singular;

 

(2)          
all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP (as herein
defined);

 

(3)          
the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this
Indenture as a whole and not to any particular Article, Section or other subdivision;

 

(4)          
all references to Articles, Sections, Exhibits and Appendices shall be construed to refer to Articles and Sections of,
and Exhibits and Appendices to, this Indenture;

 

(5)          
“or” is not exclusive;

 

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(6)          
“including” means including without limitation; and

 

(7)          
all references to the date the Notes were originally issued shall refer to the Issue Date.

 

(b)          
This Indenture incorporates certain provisions of the TIA (as herein defined) by reference. The following TIA terms have
the following meanings:

 

(1)          
“Commission” means the SEC;

 

(2)          
“indenture securities” means the Notes and the Guarantees;

 

(3)          
“indenture security holder” means a Holder;

 

(4)          
“indenture to be qualified” means this Indenture;

 

(5)          
“indenture trustee” or “institutional trustee” means the Trustee; and

 

(6)          
“obligor” on the indenture securities means the Issuer, each Guarantor and any other obligor on the indenture
securities.

 

All
other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by
SEC rule have the meanings assigned to them by such definitions.

 

SECTION
102.          Definitions.

 

“Acceptable
Commitment” has the meaning specified in Section 1017 of this Indenture.

 

“ACH”
means Automated Clearing House or any successor thereto.

 

“Acquired
Indebtedness” means, with respect to any specified Person,

 

(1)              Indebtedness
of any other Person existing at the time such other Person is merged with or into or became a Restricted Subsidiary of such specified
Person, including Indebtedness incurred in connection with, or in contemplation of, such other Person merging with or into or
becoming a Restricted Subsidiary of such specified Person, and

 

(2)              Indebtedness
secured by a Lien encumbering any asset acquired by such specified Person.

 

“Acquisition”
means the transactions contemplated by the Acquisition Agreement.

 

“Acquisition
Agreement” means the Agreement and Plan of Merger, dated March 7, 2013, among Renaissance Acquisition Corp., Renaissance
Parent Corp. and Gardner Denver, Inc, as may be amended prior to the Issue Date.

 

“Act”,
when used with respect to any Holder, has the meaning specified in Section 105 of this Indenture.

 

“Additional
Notes” means any Notes issued by the Issuer pursuant to Section 313.

 

    -2-

    	 

    

 

“Adjusted
Net Assets” has the meaning specified in Section 1205 of this Indenture.

 

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

 

“Affiliate
Transaction” has the meaning specified in Section 1013 of this Indenture.

 

“Agent”
means any Note Registrar, Transfer Agent, co-registrar, Paying Agent or other agent appointed in accordance with this Indenture
to perform any function that this Indenture authorized such agent to perform.

 

“Appendix”
has the meaning specified in Section 201 of this Indenture.

 

“Applicable
Premium” means, with respect to any Note on any Redemption Date, the greater of:

 

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

 

(2)              the
excess, if any, of:

 

(A)             the
present value at such Redemption Date of (i) the Redemption Price (such redemption price being set forth in the table appearing
in Section 1101) of such Note at August 15, 2016, plus (ii) all required interest payments due on such Note (excluding accrued
but unpaid interest to the Redemption Date) through August 15, 2016, computed using a discount rate equal to the Treasury Rate
as of such Redemption Date plus 50 basis points; over

 

(B)              the
principal amount of such Note.

 

Calculation
of the Applicable Premium will be made by the Issuer or on behalf of the Issuer by such Person as the Issuer shall designate;
provided that such calculation or the correctness thereof shall not be a duty or obligation of the Trustee.

 

“Applicable
Calculation Date” means the applicable date of calculation for (i) the Consolidated Secured Debt Ratio, (ii) the Consolidated
Total Debt Ratio, (iii) the Fixed Charge Coverage Ratio or (iv) EBITDA.

 

“Applicable
Measurement Period” means the most recently ended four fiscal quarters immediately preceding the Applicable Calculation Date
for which internal financial statements are available.

 

“Asset
Sale” means:

 

(1)             the
sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions, of property
or assets (including by way of a Sale and Lease-Back Transaction) of the Issuer or any Restricted Subsidiary (each referred to
in this definition as a “disposition”), or

 

    -3-

    	 

    

 

(2)            the
issuance or sale of Equity Interests of any Restricted Subsidiary (other than preferred stock of Restricted Subsidiaries issued
in compliance with the covenant described under Section 1011), whether in a single transaction or a series of related transactions,
in each case, other than:

 

(A)             any
disposition of Cash Equivalents or Investment Grade Securities or obsolete, damaged, unnecessary, unsuitable or worn out equipment
or other assets in the ordinary course of business, or any disposition of inventory, immaterial assets or goods (or other assets)
held for sale or no longer used in the ordinary course of business;

 

(B)              the
disposition of all or substantially all of the assets of the Issuer or any Guarantor in a manner permitted pursuant to Section
801 or any disposition that constitutes a Change of Control pursuant to this Indenture;

 

(C)              the
making of any Restricted Payment or Permitted Investment that is permitted to be made, and is made, under Section 1010;

 

(D)              any
disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary in any transaction or series of transactions
with an aggregate Fair Market Value of less than $25.0 million;

 

(E)              any
disposition of property or assets or issuance of securities by a Restricted Subsidiary to the Issuer or by the Issuer or a Restricted
Subsidiary to another Restricted Subsidiary;

 

(F)              to
the extent allowable under Section 1031 of the Internal Revenue Code of 1986, or any comparable or successor provision, any
exchange of like property (excluding any boot thereon) for use in a Similar Business;

 

(G)              the
lease, assignment, sub-lease, license or sub-license of any real or personal property in the ordinary course of business;

 

(H)             any
issuance, sale or pledge of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary;

 

(I)               foreclosures,
condemnation, eminent domain or any similar action on assets;

 

(J)               sales
of accounts receivable, or participations therein, in connection with any Receivables Facility;

 

(K)             any
financing transaction with respect to property built or acquired by the Issuer or any Restricted Subsidiary after the Issue Date,
including Sale and Lease-Back Transactions and asset securitizations permitted by this Indenture;

 

(L)              any
surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or other litigation claims
in the ordinary course of business;

 

(M)    
     the sale, lease, assignment, license, sublease or discount of inventory, equipment, accounts receivable,
notes receivable, or other current assets in the ordinary course of business or the conversion of accounts receivable to notes
receivable or other dispositions of accounts receivable in connection with the collection or compromise thereof;

 

    -4-

    	 

    

 

(N)          the
licensing or sub-licensing of intellectual property or other general intangibles in the ordinary course of business, other than
the licensing of intellectual property on a long-term basis;

 

(O)          the
unwinding of any Hedging Obligations;

 

(P)          sales,
transfers and other dispositions of Investments in joint ventures to the extent required by, or made pursuant to, customary buy/sell
arrangements between the joint venture parties set forth in joint venture arrangements and similar binding arrangements;

 

(Q)          the
lapse or abandonment of intellectual property rights in the ordinary course of business, which in the reasonable good faith determination
of the Issuer are not material to the conduct of the business of the Issuer and its Restricted Subsidiaries taken as a whole;
and

 

(R)          the
issuance of directors’ qualifying shares and shares issued to foreign nationals or other third parties as required by applicable
law.

 

“Asset
Sale Offer” has the meaning specified in Section 1017(c) of this Indenture.

 

“Asset
Sale Proceeds Application Period” has the meaning specified in Section 1017 of this Indenture.

 

“Bankruptcy
Law” means Title 11, United States Bankruptcy Code of 1978, as amended, or any similar United States federal or state law
and the law of any other jurisdiction relating to bankruptcy, insolvency, receivership, winding-up, liquidation, reorganization
or relief of debtors or any amendment to, succession to or change in any such law.

 

“Board
of Directors” means, for any Person, the Board of Directors or other governing body of such Person or, if such Person does
not have such a Board of Directors or other governing body and is owned or managed by a single entity, the Board of Directors
or other governing body of such entity, or, in either case, any committee thereof duly authorized to act on behalf of such Board
of Directors or other governing body. Unless otherwise provided, “Board of Directors” means the board of managers
of the Issuer.

 

“Board
Resolution” means with respect to the Issuer, a duly adopted resolution of the Board of Directors of the Issuer or any committee
of such Board of Directors.

 

“Business
Day” means each day which is not a Legal Holiday.

 

“Capitalized
Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a
capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding
the footnotes thereto) in accordance with GAAP.

 

    -5-

    	 

    

 

“Capital
Stock” means:

 

(1)              in
the case of a corporation, corporate stock,

 

(2)              in
the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock,

 

(3)              in
the case of a partnership or limited liability company, partnership or membership interests (whether general or limited), and

 

(4)              any
other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions
of assets of, the issuing Person.

 

“Cash
Equivalents” means:

 

(1)              United
States dollars,

 

(2)              Canadian
dollars,

 

(3)              (A)
euro, pounds sterling or any national currency of any participating member state in the European Union, or

 

(B)
local currencies held from time to time in the ordinary course of business,

 

(4)              securities
issued or directly and fully and unconditionally guaranteed or insured by the United States government or any country that is
a member state of the European Union or any agency or instrumentality thereof the securities of which are unconditionally guaranteed
as a full faith and credit obligation of such government with maturities of 24 months or less from the date of acquisition,

 

(5)             certificates
of deposit, time deposits and dollar time deposits with maturities of one year or less from the date of acquisition, bankers’
acceptances with maturities not exceeding one year and overnight bank deposits, in each case, with any commercial bank having
capital and surplus of not less than $250.0 million in the case of United States banks and $100.0 million (or the U.S. dollar
equivalent as of the date of determination) in the case of foreign banks,

 

(6)              repurchase
obligations for underlying securities of the types described in clauses (4) and (5) above, entered into with any financial institution
meeting the qualifications specified in clause (5) above,

 

(7)             commercial
paper rated at least P-1 by Moody’s or at least A-1 by S&P and in each case maturing within 24 months after the date
of creation thereof,

 

(8)             marketable
short-term money market and similar securities having a rating of at least P-2 or A-2 from either Moody’s or S&P, respectively
(or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another Rating
Agency) and in each case maturing within 24 months after the date of creation thereof,

 

(9)              investment
funds investing 95% of their assets in securities of the types described in clauses (1) through (8) above and (10) through (12)
below,

 

(10)            readily
marketable direct obligations issued by any state, commonwealth or territory of the United States of America or any political
subdivision or taxing authority thereof having one of the two highest rating categories obtainable from either Moody’s or
S&P with maturities of 24 months or less from the date of acquisition,

 

    -6-

    	 

    

 

(11)            Indebtedness
or preferred stock issued by Persons with a rating of “A” or higher from S&P or “A2” or higher from Moody’s
with maturities of 24 months or less from the date of acquisition,

 

(12)            Investments
with average maturities of 24 months or less from the date of acquisition in money market funds rated AAA (or the equivalent thereof)
or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s, and

 

(13)            in
the case of Investments by any Restricted Subsidiary that is a Foreign Subsidiary, Investments of comparable tenor and credit
quality to those described in the foregoing clauses (1) through (12) customarily utilized in countries in which such Foreign Subsidiary
operates for short term cash management purposes.

 

Notwithstanding
the foregoing, Cash Equivalents shall include amounts denominated in currencies other than those set forth in clauses (1) through
(3) above; provided that such amounts are converted into any currency listed in clauses (1) through (3) above, as promptly
as practicable and in any event within ten Business Days following the receipt of such amounts.

 

“Cash
Management Services” means any of the following to the extent not constituting a line of credit (other than an overnight
overdraft facility that is not in default): ACH transactions, treasury and/or cash management services, including, without limitation,
controlled disbursement services, overdraft facilities, foreign exchange facilities, deposit and other accounts and merchant services.

 

“Change
of Control” means the occurrence of any of the following after the Issue Date:

 

(1)              the
sale, lease or transfer, in one or a series of related transactions, of all or substantially all of the assets of the Issuer and
its Subsidiaries, taken as a whole, to any Person other than a Permitted Holder in connection with which any Person other than
one or more Permitted Holders, is or becomes the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act, or
any successor provision), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the transferee
Person in such sale or transfer of assets, as the case may be, provided that (x) so long as such transferee Person is a
Subsidiary of a Permitted Parent, no Person shall be deemed to be or become a beneficial owner of more than 50% of the total voting
power of the Voting Stock of such transferee Person unless such Person shall be or become a beneficial owner of more than 50%
of the total voting power of the Voting Stock of such Permitted Parent and (y) any Voting Stock of which any Permitted Holder
is the beneficial owner shall not in any case be included in the calculation of any Voting Stock of which any such Person first
referred to above in this clause (1) is the beneficial owner; or

 

(2)             at
any time, the Issuer becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act,
proxy, vote, written notice or otherwise) the acquisition by any Person or group (within the meaning of Section 13(d)(3)
or Section 14(d)(2) of the Exchange Act, or any successor provision), including any group acting for the purpose of acquiring,
holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act, or any successor provision),
other than the Permitted Holders, in a single transaction or in a related series of transactions, by way of merger, consolidation
or other business combination or purchase of beneficial ownership of 50% or more of the total voting power of the Voting Stock
of the Issuer or any direct or indirect parent company of the Issuer; provided that (x) so long as the Issuer is a Subsidiary
of a parent company, no Person shall be deemed to be or become a beneficial owner of more than 50% of the total voting power of
the Voting Stock of the Issuer unless such Person shall be or become a beneficial owner of more than 50% of the total voting power
of the Voting Stock of such parent company and (y) any Voting Stock of which any Permitted Holder is the beneficial owner shall
not in any case be included in calculating the Voting Stock of which any such Person first referred to above in this clause (2)
is the beneficial owner.

 

    -7-

    	 

    

 

“Change
of Control Offer” has the meaning specified in Section 1016 of this Indenture.

 

“Change
of Control Payment” has the meaning specified in Section 1016 of this Indenture.

 

“Change
of Control Payment Date” has the meaning specified in Section 1016 of this Indenture.

 

“Depository”
means The Depository Trust Company, its nominees and their respective successors.

 

“consolidated”
or “Consolidated” means, with respect to any Person, such Person on a consolidated basis in accordance with GAAP, but
excluding from such consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were not an Affiliate of such
Person.

 

“Consolidated
Depreciation and Amortization Expense” means with respect to any Person for any period, the total amount of depreciation
and amortization expense, including the amortization of deferred financing fees or costs, debt issuance costs, commissions, fees
and expenses, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition
costs of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance
with GAAP.

 

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

 

(1)             consolidated
interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such expense was deducted (and
not added back) in computing Consolidated Net Income (including (a) amortization of original issue discount or premium resulting
from the issuance of Indebtedness at less than or greater than par, as applicable, (b) all commissions, discounts and other fees
and charges owed with respect to letters of credit or bankers acceptances, (c) non-cash interest payments (but excluding any non-cash
interest expense attributable to the movement in the mark to market valuation of Indebtedness or derivative instruments pursuant
to GAAP), (d) the interest component of Capitalized Lease Obligations and (e) net payments, if any, pursuant to interest rate
Hedging Obligations with respect to Indebtedness, and excluding (r) any one time cash costs associated with breakage in respect
of hedging agreements for interest rates, (s) penalties and interest relating to taxes, (t) accretion or accrual of discounted
liabilities not constituting Indebtedness, (u) interest expense attributable to a parent entity resulting from push-down accounting,
(v) any expense resulting from the discounting of Indebtedness in connection with the application of recapitalization or purchase
accounting, (w) any “additional interest” owing pursuant to a registration rights agreement, (x) amortization of deferred
financing fees, debt issuance costs, commissions, fees and expenses, and original issue discount with respect to Indebtedness
issued in connection with the Transactions or any intercompany Indebtedness, (y) any expensing of bridge, commitment and other
financing fees and (z) commissions, discounts, yield and other fees and charges (including any interest expense) related to any
Receivables Facility); plus

 

    -8-

    	 

    

 

(2)             consolidated
capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or accrued, less

 

(3)              interest
income for such period.

 

For
purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably
determined by such Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP.

 

“Consolidated
Net Income” means, with respect to any Person for any period, the aggregate of the Net Income, of such Person and its Restricted
Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP; provided that,
without duplication,

 

(1)             any
after-tax effect of extraordinary, non-recurring or unusual gains or losses (less all fees and expenses relating thereto) or expenses
(including relating to the Transactions), severance, relocation costs, curtailments or modifications to pension and post-retirement
employee benefits plans, start-up, transition, integration and other restructuring and business optimization costs, charges, reserves
or expenses (including related to acquisitions after the Issue Date and to the start-up, closure and/or consolidation of facilities),
new product introductions, and one-time compensation charges shall be excluded,

 

(2)             the
Net Income for such period shall not include the cumulative effect of a change in accounting principles and changes as a result
of adoption or modification of accounting policies during such period,

 

(3)             any
net after-tax gains or losses on disposal of disposed, abandoned, transferred, closed or discontinued operations shall be excluded,

 

(4)             any
after-tax effect of gains or losses (less all fees and expenses relating thereto) attributable to asset dispositions or abandonments
other than in the ordinary course of business, as determined in good faith by the Issuer, shall be excluded,

 

(5)             the
Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is accounted for
by the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the Issuer shall be increased
by the amount of dividends or distributions or other payments that are actually paid in cash (or to the extent converted into
cash or Cash Equivalents) to the referent Person or a Restricted Subsidiary thereof in respect of such period,

 

(6)             solely
for the purpose of determining the amount available for Restricted Payments under clause (C)(1) of Section 1010(a), the Net Income
for such period of any Restricted Subsidiary (other than any Guarantor) shall be excluded to the extent the declaration or payment
of dividends or similar distributions by that Restricted Subsidiary of its Net Income is not at the date of determination permitted
without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms
of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to
that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions
has been legally waived; provided that Consolidated Net Income of the Issuer will be increased by the amount of dividends
or other distributions or other payments actually paid in cash (or to the extent converted into cash) or Cash Equivalents to the
Issuer or a Restricted Subsidiary in respect of such period, to the extent not already included therein,

 

    -9-

    	 

    

 

(7)             effects
of adjustments (including the effects of such adjustments pushed down to the Issuer and its Restricted Subsidiaries) in any line
item in such Person’s consolidated financial statements in accordance with GAAP resulting from the application of purchase
accounting, including in relation to the Transactions, or the amortization or write-off of any amounts thereof, net of taxes,
shall be excluded,

 

(8)              (i)
any after-tax effect of income (loss) from the early extinguishment of Indebtedness or Hedging Obligations or other derivative
instruments (including deferred financing costs written off and premiums paid), (ii) any non-cash income (or loss) related to
currency gains or losses related to Indebtedness, intercompany balances and other balance sheet items and to Hedging Obligations
pursuant to Financial Accounting Standards Codification No. 815—Derivatives and Hedging formerly Financing Accounting Standards
Board Statement No. 133) and its related pronouncements and interpretations (or any successor provision) and (iii) any non-cash
expense, income or loss attributable to the movement in mark-to-market valuation of foreign currencies, Indebtedness or derivative
instruments pursuant to GAAP shall be excluded,

 

(9)             any
impairment charge, asset write-off or write-down pursuant to ASC 350 and ASC 360 (formerly Financial Accounting Standards Board
Statement Nos. 142 and 144, respectively) and the amortization of intangibles arising pursuant to ASC 805 (formerly Financial
Accounting Standards Board Statement No. 141) shall be excluded,

 

(10)            (i)
any non-cash compensation expense recorded from grants of stock appreciation or similar rights, phantom equity, stock options,
restricted stock, units or other rights to officers, directors, managers or employees and (ii) non-cash income (loss) attributable
to deferred compensation plans or trusts, shall be excluded,

 

(11)           any
fees and expenses incurred during such period, or any amortization thereof for such period, in connection with any acquisition,
Investment, recapitalization, Asset Sale, issuance or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction
or amendment or modification of any debt instrument (in each case, including any such transaction consummated prior to the Issue
Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such
period as a result of any such transaction shall be excluded,

 

(12)           accruals
and reserves, contingent liabilities and any gains or losses on the settlement of any pre existing contractual or non-contractual
relationships that are established or adjusted within twelve months after the Issue Date that are so required to be established
as a result of the Transactions in accordance with GAAP, shall be excluded,

 

(13)           to
the extent covered by insurance or indemnification and actually reimbursed, or, so long as the Issuer has made a determination
that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer or indemnifying party and only
to the extent that such amount is (a) not denied by the applicable carrier or indemnifying party in writing within 180 days
and (b) in fact reimbursed within 365 days of the date of such evidence (with a deduction for any amount so added back to
the extent not so reimbursed within 365 days), losses and expenses with respect to liability or casualty events or business
interruption shall be excluded,

 

    -10-

    	 

    

 

(14)           any
deferred tax expense associated with tax deductions or net operating losses arising as a result of the Transactions, or the release
of any valuation allowance related to such item, shall be excluded, and

 

(15)           any
costs or expenses incurred during such period relating to environmental remediation, litigation or other disputes in respect of
events and exposures that occurred prior to the Issue Date shall be excluded.

 

Notwithstanding
the foregoing, for the purpose of Section 1010 only (other than clause (C)(4) of Section 1010(a)), there shall be excluded from
Consolidated Net Income any income arising from any sale or other disposition of Restricted Investments made by the Issuer and
the Restricted Subsidiaries, any repurchases and redemptions of Restricted Investments from the Issuer and the Restricted Subsidiaries,
any repayments of loans and advances which constitute Restricted Investments by the Issuer or any Restricted Subsidiary, any sale
of the stock of an Unrestricted Subsidiary or any distribution or dividend from an Unrestricted Subsidiary, in each case only
to the extent such amounts increase the amount of Restricted Payments permitted under such covenant pursuant to clause (C)(4)
of Section 1010(a).

 

“Consolidated
Secured Debt Ratio” means, as of any date of determination, the ratio of (1) Consolidated Total Secured Indebtedness minus
cash and Cash Equivalents of the Issuer and the Guarantors, in each case, as of the end of the most recent fiscal period for which
internal financial statements are available immediately preceding the Applicable Calculation Date to (2) EBITDA of the Issuer
for the Applicable Measurement Period, with such pro forma adjustments to Consolidated Total Secured Indebtedness, Cash
Equivalents and EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition
of “Fixed Charge Coverage Ratio;” provided that, for purposes of the calculation of the Consolidated Secured
Debt Ratio, in connection with (x) the Incurrence of any Indebtedness pursuant to Section 1011(b)(1) or (y) the Incurrence of
any Lien pursuant to clause (20) of the definition of “Permitted Liens,” the Issuer may elect, pursuant to an Officer’s
Certificate delivered to the Trustee, to treat all or any portion of the commitment under any Indebtedness which is to be Incurred
or secured by such Lien, as the case may be, as being Incurred as of the Applicable Calculation Date and any subsequent Incurrence
of Indebtedness under such commitment that was so treated shall not be deemed, for purposes of this calculation, to be an Incurrence
of additional Indebtedness or an additional Lien at such subsequent time.

 

“Consolidated
Total Debt Ratio” means, as of any date of determination, the ratio of (1) Consolidated Total Indebtedness minus cash and
Cash Equivalents of the Issuer and its Restricted Subsidiaries, in each case, as of the end of the most recent fiscal period for
which internal financial statements are available immediately preceding the Applicable Calculation Date to (2) EBITDA of the Issuer
for the Applicable Measurement Period, with such pro forma adjustments to Consolidated Total Indebtedness, Cash Equivalents and
EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of “Fixed Charge
Coverage Ratio.”

 

“Consolidated
Total Indebtedness” means, as at any date of determination, an amount equal to the sum of (1) the aggregate amount of all
outstanding Indebtedness of the Issuer and its Restricted Subsidiaries on a consolidated basis consisting of Indebtedness for
borrowed money, Obligations in respect of Capitalized Lease Obligations and debt obligations evidenced by promissory notes and
similar instruments (and excluding, for the avoidance of doubt, Hedging Obligations) and (2) the aggregate amount of all outstanding
Disqualified Stock of the Issuer and all preferred stock of the Restricted Subsidiaries, with the amount of such Disqualified
Stock and preferred stock equal to the greater of their respective voluntary or involuntary liquidation preferences and their
Maximum Fixed Repurchase Prices, in each case, determined on a consolidated basis in accordance with GAAP.

 

    -11-

    	 

    

 

For
purposes hereof, the “Maximum Fixed Repurchase Price” of any Disqualified Stock or preferred stock means the price at
which such Disqualified Stock or preferred stock could be redeemed or repurchased by the issuer thereof in accordance with its
terms or, if such Disqualified Stock or preferred stock cannot be so redeemed or repurchased, the Fair Market Value of such Disqualified
Stock or preferred stock, in each case, determined on any date on which Consolidated Total Indebtedness shall be required to be
determined; provided that the amount of any Indebtedness outstanding under a revolving credit facility on any date shall
be deemed to be the average daily amount of such Indebtedness thereunder for the most recent twelve month period ending on the
Applicable Calculation Date (or, prior to the one year anniversary of the Issue Date, during the period from the Issue Date to
such date).

 

“Consolidated
Total Secured Indebtedness” means, as at any date of determination, the amount of Consolidated Total Indebtedness that is
Secured Indebtedness as of such date.

 

“Contingent
Obligations” means, with respect to any Person, any obligation of such Person guaranteeing any leases, dividends or other
obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”)
in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent,

 

(1)              to
purchase any such primary obligation or any property constituting direct or indirect security therefor,

 

(2)              to
advance or supply funds:

 

(A)             for
the purchase or payment of any such primary obligation, or

 

(B)              to
maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary
obligor, or

 

(3)              to
purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the
ability of the primary obligor to make payment of such primary obligation against loss in respect thereof.

 

“Corporate
Trust Office” means the principal corporate trust office of the Trustee, at which at any particular time its corporate trust
business in relation to this Indenture shall be administered, which office at the date of execution of this Indenture is located
at Wells Fargo Bank, National Association, 150 East 42nd Street, 40th Floor, New York, New York, 10017,
except that with respect to presentation of the Notes for payment or for registration of transfer or exchange, such term shall
mean the office or agency of the Trustee at which, at any particular time, its corporate agency business in relation to this Indenture
shall be conducted.

 

“Covenant
Defeasance” has the meaning specified in Section 1303 of this Indenture.

 

“Covenant
Suspension Event” has the meaning specified in Section 1018(a) of this Indenture.

 

“Credit
Facilities” means, with respect to the Issuer or any Restricted Subsidiary, one or more debt facilities, including the Senior
Credit Facilities, or other financing arrangements (including, without limitation, commercial paper facilities with banks or other
institutional lenders or investors or indentures) providing for revolving credit loans, term loans, letters of credit or other
long-term indebtedness, including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed
in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof
and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors
that Refinance any part of the loans, notes or other securities, other credit facilities or commitments thereunder, including
any such Refinancing facility or indenture that increases the amount permitted to be borrowed thereunder or alters the maturity
thereof (provided that such increase in borrowings is permitted under Section 1011) or adds Restricted Subsidiaries as
additional borrowers or guarantors thereunder and whether by the same or any other agent, lender or group of lenders.

 

    -12-

    	 

    

 

“Default”
means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

 

“Defaulted
Interest” has the meaning specified in Section 307(b) of this Indenture.

 

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

 

“Designated
Preferred Stock” means preferred stock of the Issuer, any Restricted Subsidiary or any direct or indirect parent company
of the Issuer (in each case other than Disqualified Stock) that is issued for cash (other than to a Restricted Subsidiary or an
employee stock ownership plan or trust established by the Issuer or any of its Subsidiaries) and is so designated as Designated
Preferred Stock, pursuant to an Officer’s Certificate executed by the principal financial officer of the Issuer or such parent
company thereof, as the case may be, on the issuance date thereof, the cash proceeds of which are excluded from the calculation
set forth in clause (C) of Section 1010(a).

 

“Disqualified
Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms, or by the terms of any security
into which it is convertible or for which it is putable or exchangeable, or upon the happening of any event, matures or is mandatorily
redeemable, other than as a result of a change of control, asset sale or casualty or condemnation event, pursuant to a sinking
fund obligation or otherwise, or is redeemable at the option of the holder thereof, other than as a result of a change of control,
asset sale, casualty or condemnation event in whole or in part, in each case, prior to the date 91 days after the earlier of the
maturity date of the Notes or the date the Notes are no longer outstanding; provided, that if such Capital Stock is issued to
any plan for the benefit of employees of the Issuer or its Subsidiaries or by any such plan to such employees, such Capital Stock
shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Issuer or its Subsidiaries
in order to satisfy applicable statutory or regulatory obligations.

 

“EBITDA”
means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

 

(1)           increased
(without duplication) by:

 

(A)          provision
for taxes based on income or profits or capital gains, including, without limitation, U.S. Federal, state, non-U.S., franchise,
excise, value added and similar taxes and foreign withholding taxes of such Person paid or accrued during such period, including
any penalties and interest relating to such taxes or arising from any tax examinations deducted (and not added back) in computing
Consolidated Net Income, plus

 

    -13-

    	 

    

 

(B)           Fixed
Charges of such Person for such period (including (x) net losses on Hedging Obligations or other derivative instruments entered
into for the purpose of hedging interest rate risk and (y) costs of surety bonds in connection with financing activities, in each
case, to the extent included in Fixed Charges), together with items excluded from the definition of “Consolidated Interest
Expense” pursuant to clauses 1(t) through 1(z) thereof, to the extent the same were deducted (and not added back) in calculating
such Consolidated Net Income, plus

 

(C)           Consolidated
Depreciation and Amortization Expense of such Person for such period to the extent the same were deducted (and not added back)
in computing Consolidated Net Income, plus

 

(D)          any
fees, expenses, charges or losses (other than depreciation or amortization expense) related to any Equity Offering, Permitted
Investment, acquisition, disposition, recapitalization or the incurrence of Indebtedness permitted to be incurred by this Indenture
(including a refinancing thereof) (whether or not successful), including (i) such fees, expenses or charges related to the offering
of the Notes and the Senior Credit Facilities and (ii) any amendment or other modification of the Notes, the Senior Credit Facilities
or other Indebtedness and, in each case, deducted (and not added back) in computing Consolidated Net Income, plus

 

(E)           any
other non-cash charges, including any write offs, or write downs, expenses, losses or items to the extent the same were deducted
(and not added back) in computing Consolidated Net Income, (provided that if any such non-cash charges represent an accrual
or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be deducted
from EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period), plus

 

(F)           the
amount of any minority interest expense consisting of Subsidiary income attributable to minority equity interests of third parties
in any non-Wholly Owned Subsidiary deducted (and not added back) in such period in calculating Consolidated Net Income, plus

 

(G)           the
amount of management, monitoring, consulting and advisory fees (including termination fees) and related indemnities and expenses
paid or accrued in such period to the Investors or any of their respective Affiliates, plus

 

(H)          costs
of surety bonds incurred in such period in connection with financing activities, plus

 

(I)            the
amount of net cost savings, operating expense reductions and synergies projected by the Issuer in good faith to be realized as
a result of specified actions taken or to be taken (which cost savings or synergies shall be calculated on a pro forma
basis as though such cost savings, operating expense reductions or synergies had been realized on the first day of such period),
net of the amount of actual benefits realized during such period from such actions; provided that (A) such cost savings,
operating expense reductions or synergies are reasonably identifiable and factually supportable and (B) such actions have been
taken or are to be taken within 24 months after the date of determination to take such action, plus

 

    -14-

    	 

    

 

(J)            the
amount of loss or discount on sales of receivables and related assets to the Receivables Subsidiary in connection with a Receivables
Facility, plus

 

(K)          any
costs or expense incurred by the Issuer or a Restricted Subsidiary pursuant to any management equity plan or stock option plan
or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent
that such cost or expenses are funded with cash proceeds contributed to the capital of the Issuer or net cash proceeds of an issuance
of Equity Interest of the Issuer (other than Disqualified Stock) solely to the extent that such net cash proceeds are excluded
from the calculation set forth in clause (C) of Section 1010(a); and have not been relied on for purposes of any incurrence of
Indebtedness pursuant to clause (12)(A) of Section 1011(b), plus 

 

(L)           the
amount of expenses relating to payments made to option holders of any direct or indirect parent company of the Issuer or any of
its direct or indirect parent companies in connection with, or as a result of, any distribution being made to shareholders of
such Person or its direct or indirect parent companies, which payments are being made to compensate such option holders as though
they were shareholders at the time of, and entitled to share in, such distribution, in each case to the extent permitted under
this Indenture, plus

 

(M)          with
respect to any joint venture that is not a Restricted Subsidiary, an amount equal to the proportion of those items described in
clauses (A) and (C) above relating to such joint venture corresponding to the Issuer’s and the Restricted Subsidiaries’
proportionate share of such joint venture’s Consolidated Net Income (determined as if such joint venture were a Restricted
Subsidiary), plus

 

(N)           costs
associated with, or in anticipation of, or preparation for, compliance with the requirements of the Sarbanes-Oxley Act of 2002
and the rules and regulations promulgated in connection therewith and Public Company Costs; plus

 

(O)           the
amount of any loss attributable to a new plant or facility until the date that is 24 months after the date of commencement of
construction or the date of acquisition thereof, as the case may be; provided that (A) such losses are reasonably identifiable
and factually supportable and certified by a responsible officer of the Issuer and (B) losses attributable to such plant or facility
after 24 months from the date of commencement of construction or the date of acquisition of such plant or facility, as the case
may be, shall not be included in this clause (o), plus

 

(p)          cash
receipts (or any netting arrangements resulting in reduced cash expenses) not included in EBITDA in any period to the extent non
cash gains relating to such receipts were deducted in the calculation of EBITDA pursuant to paragraph (2) below for any previous
period and not added back; and

 

(2)          decreased
by (without duplication) non-cash gains increasing Consolidated Net Income of such Person for such period, excluding any non-cash
gains which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges that reduced EBITDA in any
prior period; provided that, to the extent non cash gains are deducted pursuant to this clause (2) for any previous period
and not otherwise added back to EBITDA, EBITDA shall be increased by the amount of any cash receipts (or any netting arrangements
resulting in reduced cash expenses) in respect of such non cash gains received in subsequent periods to the extent not already
included therein; and

 

    -15-

    	 

    

 

(3)           increased
or decreased by (without duplication):

 

(A)          any
net gain or loss resulting in such period from currency gains or losses related to Indebtedness, intercompany balances and other
balance sheet items, plus or minus, as the case may be, and

 

(B)           any
net gain or loss resulting in such period from Hedging Obligations, and the application of Financial Accounting Standards Codification
No. 815—Derivatives and Hedging (formerly Financing Accounting Standards Board Statement No. 133), and its related
pronouncements and interpretations (or any successor provision).

 

“Equity
Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock, but excluding any debt
security that is convertible into, or exchangeable for, Capital Stock.

 

“Equity
Offering” means any public or private sale of common stock or preferred stock of the Issuer or any direct or indirect parent
company of the Issuer (excluding Disqualified Stock), other than

 

(1)          public
offerings with respect to the Issuer’s or any of its direct or indirect parent company’s common stock registered on
Form S-8;

 

(2)          issuances
to any Subsidiary of the Issuer; and

 

(3)          any
such public or private sale that constitutes an Excluded Contribution.

 

“euro”
means the single currency of participating member states of the EMU.

 

“Event
of Default” has the meaning specified in Section 501 of this Indenture.

 

“Excess
Proceeds” has the meaning specified in Section 1017 of this Indenture.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder.

 

“Excluded
Contribution” means net cash proceeds, the Fair Market Value of marketable securities or the Fair Market Value of Qualified
Proceeds received by the Issuer from:

 

(1)          contributions
to its common equity capital, and

 

(2)          the
sale (other than to a Subsidiary of the Issuer or to any management equity plan or stock option plan or any other management or
employee benefit plan or agreement of the Issuer) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock)
of the Issuer, in each case designated as Excluded Contributions pursuant to an Officer’s Certificate of the Issuer on the
date such capital contributions are made or the date such Equity Interests are sold, as the case may be, which are excluded from
the calculation set forth in clause (C) of Section 1010(a).

 

    -16-

    	 

    

 

“Existing
Indebtedness” means Indebtedness of the Issuer or any Restricted Subsidiary in existence on the Issue Date, plus interest
accruing (or the accretion of discount) thereon.

 

“Fair
Market Value” means, with respect to any Investment, asset or property, the fair market value of such Investment, asset or
property, determined in good faith by senior management or the Board of Directors of the Issuer, whose determination will be conclusive
for all purposes under this Indenture and the Notes.

 

“Fixed
Charge Coverage Ratio” means, with respect to any Person as of any Applicable Calculation Date, the ratio of (1) EBITDA of
such Person for the Applicable Measurement Period to (2) the Fixed Charges of such Person for such Applicable Measurement Period.
In the event that the Issuer or any Restricted Subsidiary incurs, assumes, guarantees, redeems, retires or extinguishes any Indebtedness
or issues or redeems Disqualified Stock or preferred stock subsequent to the commencement of the Applicable Measurement Period
but on or prior to the Applicable Calculation Date, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma
effect to such incurrence, assumption, guarantee, redemption, retirement or extinguishment of Indebtedness, or such issuance
or redemption of Disqualified Stock or preferred stock (in each case, including a pro forma application of the net proceeds
therefrom), as if the same had occurred at the beginning of the Applicable Measurement Period; provided, however, that
the pro forma calculation shall not give effect to any Indebtedness Incurred on such determination date pursuant to the provisions
described in Section 1011(b) (other than Indebtedness Incurred pursuant to Section 1011(b)(14); provided further that,
for purposes of the calculation of the Fixed Charge Coverage Ratio, in connection with the Incurrence of any Indebtedness pursuant
to Section 1011(a) the Issuer may elect, pursuant to an Officer’s Certificate delivered to the Trustee, to treat all or any
portion of the commitment under any Indebtedness which is to be Incurred, as being Incurred as of the Applicable Calculation Date
and any subsequent Incurrence of Indebtedness under such commitment that was so treated shall not be deemed, for purposes of this
calculation, to be an Incurrence of additional Indebtedness.

 

For
purposes of calculating the Fixed Charge Coverage Ratio, Investments, acquisitions, dispositions, mergers, consolidations and
disposed operations (as determined in accordance with GAAP) that have been made by the Issuer or any Restricted Subsidiary during
the Applicable Measurement Period or subsequent to such Applicable Measurement Period and on or prior to or simultaneously with
the Applicable Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions,
dispositions, mergers, consolidations and disposed operations (and the change in any associated fixed charge obligations and the
change in EBITDA resulting therefrom) had occurred on the first day of the Applicable Measurement Period. If since the beginning
of such period any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Issuer or any Restricted
Subsidiary since the beginning of such period) shall have made any Investment, acquisition, disposition, merger, consolidation
or disposed operation that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall
be calculated giving pro forma effect thereto for such Applicable Measurement Period as if such Investment, acquisition,
disposition, merger, consolidation or disposed operation had occurred at the beginning of the Applicable Measurement Period.

 

    -17-

    	 

    

 

For
purposes of this definition, whenever pro forma effect is to be given to a transaction, the pro forma calculations
shall be made in good faith by a responsible financial or accounting officer of the Issuer (and may include, for the avoidance
of doubt and without duplication, cost savings and operating expense reductions resulting from such Investment, acquisition, merger
or consolidation which is being given pro forma effect that have been or are expected to be realized). If any Indebtedness
bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated
as if the rate in effect on the Applicable Calculation Date had been the applicable rate for the entire period (taking into account
for such entire period, any Hedging Obligations applicable to such Indebtedness with a remaining term of 12 months or longer,
and in the case of any Hedging Obligation applicable to such Indebtedness with a remaining term of less than 12 months, taking
into account such Hedging Obligation to the extent of its remaining term). Interest on a Capitalized Lease Obligation shall be
deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Issuer to be
the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation
referred to above, interest on any Indebtedness under revolving credit facilities computed on a pro forma basis shall be
computed based upon the average daily balance of such Indebtedness during the applicable period; or, if lower, the maximum commitments
under such revolving credit facilities as of the Applicable Calculation Date. Interest on Indebtedness that may optionally be
determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other
rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen
as the Issuer may designate.

 

“Fixed
Charges” means, with respect to any Person for any period, the sum of

 

(1)          Consolidated
Interest Expense of such Person for such period,

 

(2)          all
cash dividend payments (excluding items eliminated in consolidation) on any series of preferred stock (including any Designated
Preferred Stock) or any Refunding Capital Stock of such Person made during such period, and

 

(3)          all
cash dividend payments (excluding items eliminated in consolidation) on any series of Disqualified Stock made during such period.

 

“Foreign
Subsidiary” means, with respect to any Person, any Restricted Subsidiary of such Person that is not organized or existing
under the laws of the United States, any state thereof or the District of Columbia and any Restricted Subsidiary of such Foreign
Subsidiary.

 

“Funding
Guarantor” has the meaning specified in Section 1205 of this Indenture.

 

“GAAP”
means generally accepted accounting principles in the United States which are in effect on the Issue Date. At any time after the
Issue Date, the Issuer may elect to apply International Financial Reporting Standards (“IFRS”) accounting principles
in lieu of GAAP and, upon any such election, references herein to GAAP and GAAP concepts shall thereafter be construed to refer
to IFRS and corresponding IFRS concepts (except as otherwise provided in this Indenture); provided that any such election,
once made, shall be irrevocable; provided further, any calculation or determination in this Indenture that requires the
application of GAAP for periods that include fiscal quarters ended prior to the Issuer’s election to apply IFRS shall remain
as previously calculated or determined in accordance with GAAP. The Issuer shall give written notice of any such election made
in accordance with this definition to the Trustee and the holders of Notes. For the avoidance of doubt, solely making an election
(without any other action) referred to in this definition will not be treated as an incurrence of Indebtedness.

 

“Government
Securities” means direct obligations of, or obligations guaranteed by, the United States, a member state of the European
Union or any agency or instrumentality thereof, and the payment for which such government pledges its full faith and credit, and
shall also include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with
respect to any such Government Securities or a specific payment of principal or interest on any such Government Securities held
by such custodian for the account of the holder of such depositary receipt; provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount
received by the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government
Securities evidenced by such depositary receipt.

 

    -18-

    	 

    

 

“guarantee”
means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct
or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of
any Indebtedness or other obligations.

 

“Guarantee”
means the guarantee by any Guarantor of the Issuer’s Obligations under this Indenture.

 

“Guarantor”
means each Restricted Subsidiary that guarantees the Notes under this Indenture.

 

“Hedging
Obligations” means, with respect to any Person, the obligations of such Person under any interest rate swap agreement, interest
rate cap agreement, interest rate collar agreement, commodity swap agreement, commodity cap agreement, commodity collar agreement,
foreign exchange contract, currency swap agreement or similar agreement providing for the transfer or mitigation of interest rate,
commodity price or currency risks either generally or under specific contingencies.

 

“Holder”
means a holder of the Notes.

 

“incur”
has the meaning specified in Section 1011 of this Indenture.

 

“incurrence”
has the meaning specified in Section 1011 of this Indenture.

 

“Indebtedness”
means, with respect to any Person,

 

(1)          any
indebtedness (including principal and premium) of such Person, whether or not contingent:

 

(A)          in
respect of borrowed money,

 

(B)           evidenced
by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without double counting,
reimbursement agreements in respect thereof),

 

(C)           representing
the balance, deferred and unpaid, of the purchase price of any property (including Capitalized Lease Obligations), except (i)
any such balance that constitutes a trade payable or similar obligation to a trade creditor, in each case accrued in the ordinary
course of business and (ii) any earn-out obligation until such obligation, after 60 days of becoming due and payable, that has
not been paid and is reflected as a liability on the balance sheet of such Person in accordance with GAAP, or

 

(D)           representing
any Hedging Obligations,

 

if
and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging Obligations) would appear as
a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; provided
that Indebtedness of any direct or indirect parent company appearing upon the balance sheet of the Issuer solely by reason
of push down accounting under GAAP shall be excluded,

 

    -19-

    	 

    

 

(2)           to
the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise,
on the obligations of the type referred to in clause (1) of another Person (whether or not such items would appear upon the balance
sheet of such obligor or guarantor), other than by endorsement of negotiable instruments for collection in the ordinary course
of business; and

 

(3)           to
the extent not otherwise included, the obligations of the type referred to in clause (1) of another Person secured by a Lien on
any assets owned by such Person, whether or not such Indebtedness is assumed by such Person provided, however, that the
amount of such Indebtedness will be the lesser of: (a) the Fair Market Value of such assets at such date of determination, and
(b) the amount of such Indebtedness of such other Person;

 

provided
that notwithstanding the foregoing, Indebtedness shall be deemed not to include (A) Contingent Obligations incurred in the
ordinary course of business; or (B) obligations under or in respect of Receivables Facilities.

 

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

 

“Independent
Financial Advisor” means an accounting, appraisal, investment banking firm or consultant to Persons engaged in Similar Businesses
of nationally recognized standing that is, in the good faith judgment of the Issuer, qualified to perform the task for which it
has been engaged.

 

“Initial
Notes” has the meaning set forth in the first recital of this Indenture.

 

“Initial
Purchasers” means Deutsche Bank Securities Inc., UBS Securities LLC, Citigroup Global Markets Inc., Barclays Capital, Inc.,
Mizuho Securities USA Inc., RBC Capital Markets, LLC, KKR Capital Markets LLC, HSBC Securities (USA) Inc, Macquarie Capital (USA)
Inc., and SMBC Nikko Securities America, Inc.

 

“Interest
Payment Date” means the Stated Maturity of an installment of interest on the Notes.

 

“Investment
Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent)
by S&P, or an equivalent rating by any other Rating Agency.

 

“Investment
Grade Securities” means:

 

(1)          securities
issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality thereof (other
than Cash Equivalents),

 

    -20-

    	 

    

 

(2)           debt
securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting
loans or advances among the Issuer and its Subsidiaries,

 

(3)           investments
in any fund that invests exclusively in investments of the type described in clauses (1) and (2) above, which fund may also hold
immaterial amounts of cash pending investment or distribution, and

 

(4)           corresponding
instruments in countries other than the United States customarily utilized for high quality investments.

 

“Investments”
means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of loans
(including guarantees), advances or capital contributions (excluding accounts receivable, trade credit, advances to customers,
commission, travel and similar advances to officers and employees, in each case made in the ordinary course of business), purchases
or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments
that are required by GAAP to be classified on the balance sheet (excluding the footnotes) of the Issuer in the same manner as
the other investments included in this definition to the extent such transactions involve the transfer of cash or other property.
For purposes of the definition of “Unrestricted Subsidiary” and Section 1010,

 

(1)           “Investments”
shall include the portion (proportionate to the Issuer’s equity interest in such Subsidiary) of the Fair Market Value of
the net assets of a Subsidiary of the Issuer at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided
that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Issuer shall be deemed to continue to have a
permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to:

 

(A)          the
Issuer’s “Investment” in such Subsidiary at the time of such redesignation less

 

(B)       
   the portion (proportionate to the Issuer’s equity interest in such Subsidiary) of the Fair Market Value
of the net assets of such Subsidiary at the time of such redesignation; and

 

(2)           any
property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the time of such transfer.

 

The
amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced by any dividend, distribution,
interest payment, return of capital, repayment or other amount received in cash by the Issuer or a Restricted Subsidiary in respect
of such Investment.

 

“Investors”
means Kohlberg Kravis Roberts & Co. LP and each of its Affiliates but not including, however, any portfolio companies of any
of the foregoing.

 

“Issue
Date” means July 30, 2013.

 

“Issuer”
has the meaning set forth in the preamble hereto.

 

    -21-

    	 

    

 

“Issuer
Request” or “Issuer Order” means a written request or order signed in the name of the Issuer by two Officers or
one Officer and either an Assistant Treasurer or an Assistant Secretary of the Issuer, and delivered to the Trustee.

 

“Legal
Defeasance” has the meaning specified in Section 1302 of this Indenture.

 

“Legal
Holiday” means a Saturday, a Sunday or a day on which commercial banking institutions are not required to be open in the
State of New York.

 

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

 

“Maturity”
when used with respect to any Note, means the date on which the principal of such Note or an installment of principal becomes
due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption
or otherwise.

 

“Moody’s”
means Moody’s Investors Service, Inc. and any successor to its rating agency business.

 

“Net
Income” means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before
any reduction in respect of preferred stock dividends.

 

“Net
Proceeds” means the aggregate cash proceeds and the Fair Market Value of any Cash Equivalents received by the Issuer or a
Restricted Subsidiary in respect of any Asset Sale, including any cash received upon the sale or other disposition of any Designated
Non-cash Consideration received in any Asset Sale, net of the direct costs relating to such Asset Sale and the sale or disposition
of such Designated Non-cash Consideration, including legal, accounting and investment banking fees, and brokerage and sales commissions,
any relocation expenses incurred as a result thereof, taxes paid or payable as a result thereof (including in connection with
any repatriation of funds and after taking into account any available tax credits or deductions and any tax sharing arrangements),
amounts required to be applied to the repayment of principal, premium, if any, and interest on Senior Indebtedness or Indebtedness
of any Restricted Subsidiary required (other than pursuant to Section 1017(b)(1)) to be paid as a result of such transaction,
any costs associated with unwinding any related Hedging Obligations in connection with such transaction and any deduction of appropriate
amounts to be provided by the Issuer or any of its Restricted Subsidiaries as a reserve in accordance with GAAP against any liabilities
associated with the asset disposed of in such transaction and retained by the Issuer or any of its Restricted Subsidiaries after
such sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related
to environmental matters or against any indemnification obligations associated with such transaction.

 

“Non-U.S.
Person” means a Person who is not a U.S. Person.

 

“Note
Register” and “Note Registrar” have the respective meanings specified in Section 302.

 

    -22-

    	 

    

 

“Notes”
has the meaning stated in the first recital of this Indenture and more particularly means any Notes authenticated and delivered
under this Indenture. The Initial Notes and the Additional Notes shall be treated as a single class for all purposes of this Indenture,
and unless the context otherwise requires, all references to the Notes shall include the Initial Notes and any Additional Notes;
provided that Additional Notes will not be issued with the same CUSIP, if any, as Initial Notes unless such Additional
Notes are fungible with Initial Notes for U.S. Federal income tax purposes.

 

“Notes
Custodian” means the custodian with respect to a Global Note (as appointed by the Depository) or any successor person thereto,
who shall initially be the Trustee.

 

“Obligations”
means any principal, interest, penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect
to letters of credit and banker’s acceptances), damages and other liabilities, and guarantees of payment of such principal,
interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing
any Indebtedness.

 

“Offering
Document” means the confidential offering memorandum dated July 22, 2013, pursuant to which the Initial Notes were offered
to potential purchasers.

 

“Officer”
means the Chairman of the Board, any Manager or Director, the Chief Executive Officer, the Chief Financial Officer, the President,
any Executive Vice President, Senior Vice President or Vice President, the Treasurer, the Controller or the Secretary of the Issuer
or any other Person, as the case may be.

 

“Officer’s
Certificate” means a certificate signed by an Officer of the Issuer or any other Person, as the case may be, who must be
a Manager or Director, the principal executive officer, the principal financial officer, the treasurer or the principal accounting
officer of the Issuer (or of a Subsidiary of the Issuer acting in such capacity for the Issuer and its Subsidiaries, as determined
by the Issuer) or such other Person, that meets the requirements set forth in this Indenture.

 

“Opinion
of Counsel” means a written opinion reasonably acceptable to the Trustee from legal counsel (which may be subject to customary
assumptions and exclusions). The counsel may be an employee of or counsel to the Issuer.

 

“Outstanding”,
when used with respect to Notes, means, as of the date of determination, all Notes theretofore authenticated and delivered under
this Indenture, except:

 

(1)           Notes
theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;

 

(2)           Notes,
or portions thereof, for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee
or any Paying Agent (other than the Issuer) in trust or set aside and segregated in trust by the Issuer (if the Issuer shall act
as its own Paying Agent) for the Holders of such Notes; provided that, if such Notes are to be redeemed, written notice
of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made;

 

(3)           Notes,
except to the extent provided in Sections 1302 and 1303, with respect to which the Issuer has effected Legal Defeasance or Covenant
Defeasance as provided in Article Thirteen; and

 

    -23-

    	 

    

 

(4)           Notes
which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Notes have been authenticated and delivered
pursuant to this Indenture, other than any such Notes in respect of which there shall have been presented to the Trustee proof
satisfactory to it that such Notes are held by a Protected Purchaser in whose hands the Notes are valid obligations of the Issuer;

 

provided
that, in determining whether the Holders of the requisite principal amount of Outstanding Notes have given any request, demand,
authorization, direction, consent, notice or waiver hereunder Notes owned by the Issuer or any other obligor upon the Notes or
any Affiliate of the Issuer or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining
whether the Trustee shall be protected in making such calculation or in relying upon any such request, demand, authorization,
direction, notice, consent or waiver, only Notes which a Responsible Officer of the Trustee actually knows to be so owned shall
be so disregarded.

 

“Paying
Agent” means any Person (including the Issuer acting as Paying Agent) authorized by the Issuer to pay the principal of (and
premium, if any) or interest on any Notes on behalf of the Issuer.

 

“Permitted
Asset Swap” means the concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business
Assets and cash or Cash Equivalents between the Issuer or a Restricted Subsidiary and another Person; provided, that any cash
or Cash Equivalents received must be applied in accordance with Section 1017.

 

“Permitted
Holders” means each of (i) the Investors and their respective Affiliates and members of management of the Issuer (or its
direct or indirect parent) who are holders of Equity Interests of the Issuer (or its direct or indirect parent company) on the
Issue Date and any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor
provision) of which any of the foregoing are members; provided that, in the case of such group and without giving effect
to the existence of such group or any other group, such Investors, their respective Affiliates and members of management, collectively,
have beneficial ownership of more than 50% of the total voting power of the Voting Stock of the Issuer or any direct or indirect
parent company of the Issuer and (ii) any Permitted Parent. Any Person or group whose acquisition of beneficial ownership constitutes
a Change of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture
will thereafter, together with its Affiliates, constitute an additional Permitted Holder.

 

“Permitted
Investments” means:

 

(1)           any
Investment in the Issuer or any Restricted Subsidiary;

 

(2)           any
Investment in cash, Cash Equivalents or Investment Grade Securities;

 

(3)           any
Investment by the Issuer or any Restricted Subsidiary in a Person that is engaged in a Similar Business if as a result of such
Investment

 

(A)          such
Person becomes a Restricted Subsidiary, or

 

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

 

    -24-

    	 

    

 

(4)           any
Investment in securities or other assets not constituting cash or Cash Equivalents or Investment Grade Securities and received
in connection with an Asset Sale made pursuant to Section 1017, or any other disposition of assets not constituting an Asset Sale;

 

(5)           any
Investment existing on the Issue Date;

 

(6)           any
Investment acquired by the Issuer or any Restricted Subsidiary

 

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

 

(B)           as
a result of a foreclosure by the Issuer or any Restricted Subsidiary with respect to any secured Investment or other transfer
of title with respect to any secured Investment in default;

 

(7)           Hedging
Obligations permitted under Section 1011(b)(10);

 

(8)           any
Investment in a Similar Business having an aggregate Fair Market Value, taken together with all other Investments made pursuant
to this clause (8) that are at that time outstanding, not to exceed the greater of (x) $125.0 million and (y) 2.50% of Total
Assets at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without
giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause
(8) is made in any Person that is not a Restricted Subsidiary of the Issuer at the date of the making of such Investment and such
Person becomes a Restricted Subsidiary after such date, such investment shall thereafter be deemed to have been made pursuant
to clause (1) above and shall cease to have been made pursuant to this clause (8) for so long as such Person continues to be a
Restricted Subsidiary;

 

(9)           Investments
the payment for which consists of Equity Interests of the Issuer or any direct or indirect parent company of the Issuer (exclusive
of Disqualified Stock); provided that such Equity Interests will not increase the amount available for Restricted Payments
under clause (C) of Section 1010(a);

 

(10)         guarantees
of Indebtedness permitted under Section 1011;

 

(11)         any
transaction to the extent it constitutes an Investment that is permitted and made in accordance with Section 1013(b) (except transactions
described in Section 1013(b)(2), (5), (9) and (15));

 

(12)         Investments
consisting of purchases and acquisitions of inventory, supplies, material or equipment or other similar assets in the ordinary
course of business, or the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other
Persons;

 

    -25-

    	 

    

 

(13)         additional
Investments having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (13)
that are at that time outstanding (without giving effect to the sale of an Unrestricted Subsidiary to the extent the proceeds
of such sale do not consist of cash or marketable securities), not to exceed the greater of (x) $150.0 million and (y) 2.75%
of Total Assets at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made
and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to
this clause (13) is made in any Person that is not a Restricted Subsidiary of the Issuer at the date of the making of such Investment
and such Person becomes a Restricted Subsidiary after such date, such investment shall thereafter be deemed to have been made
pursuant to clause (1) above and shall cease to have been made pursuant to this clause (13) for so long as such Person continues
to be a Restricted Subsidiary;

 

(14)         Investments
relating to any Receivables Subsidiary that, in the good faith determination of the Board of Directors of the Issuer, are necessary
or advisable to effect such Receivables Facility or any repurchases in connection therewith;

 

(15)         advances
to, or guarantees of Indebtedness of, employees in the aggregate not to exceed at any one time outstanding the greater of (x)
$20.0 million and (y) 0.50% of Total Assets at the time of such advance or guarantee;

 

(16)         loans
and advances to officers, directors, managers and employees for business-related travel expenses, moving expenses, payroll expenses
and other similar expenses, in each case incurred in the ordinary course of business or consistent with past practices or to fund
such Person’s purchase of Equity Interests of the Issuer or any direct or indirect parent company thereof;

 

(17)         advances,
loans or extensions of trade credit in the ordinary course of business by the Parent Guarantor or any of the Restricted Subsidiaries;
and

 

(18)         intercompany
current liabilities owed to Unrestricted Subsidiaries or joint ventures incurred in the ordinary course of business in connection
with the cash management operations of the Issuer and its Subsidiaries.

 

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

 

(1)           pledges,
deposits or security by such Person under workmen’s compensation laws, unemployment insurance laws, employers’ health
tax, and other social security laws or similar legislation or other insurance related obligations (including, but not limited
to, in respect of deductibles, self insured retention amounts and premiums and adjustments thereto) or indemnification obligations
of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing
property, casualty or liability insurance, or good faith deposits in connection with bids, tenders, contracts (other than for
the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations
of such Person or deposits of cash or U.S. government bonds to secure surety, stay customs or appeal bonds to which such Person
is a party, or deposits as security for contested taxes or import duties or for the payment of rent, performance and return-of-money
bonds and other similar obligations (including letters of credit issued in lieu of any such bonds or to support the issuance thereof
and including those to secure health, safety and environmental obligations) in each case, incurred in the ordinary course of business;

 

(2)           Liens
imposed by law or regulation, such as carriers’, warehousemen’s, materialmen’s, repairmen’s, mechanics’,
contractors’, architects’ and other similar Liens, in each case for sums not yet overdue for a period of more than 30
days or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such
Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for review if adequate reserves
with respect thereto are maintained on the books of such Person in accordance with GAAP;

 

    -26-

    	 

    

 

(3)           Liens
for taxes, assessments or other governmental charges not yet overdue for a period of more than 30 days or which are being contested
in good faith by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the
books of such Person in accordance with GAAP, or for property taxes on property the Issuer or one of its Subsidiaries has determined
to abandon if the sole recourse for such tax, assessment, charge, levy or claim is to such property;

 

(4)           Liens
in favor of issuers of performance, surety, bid, indemnity, warranty, release, appeal or similar bonds or with respect to other
regulatory requirements or letters of credit or bankers’ acceptances issued, and completion guarantees provided for, in each
case pursuant to the request of and for the account of such Person in the ordinary course of its business;

 

(5)           minor
survey exceptions, minor encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights-of-way,
servitudes, sewers, electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines and other
similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities
in title and similar encumbrances) as to the use of real properties or Liens incidental, to the conduct of the business of such
Person or to the ownership of its properties which were not incurred in connection with Indebtedness and which do not in the aggregate
materially adversely affect the value of said properties or materially impair their use in the operation of the business of such
Person;

 

(6)           Liens
securing Indebtedness permitted to be incurred pursuant to Section 1011(b)(1), (2), (4), (12), or (18); provided that,
(x) in the case of Section 1011(b)(4), such Lien may not extend to any property or equipment (or assets affixed or appurtenant
thereto) other than the property or equipment being financed or Refinanced under such Section 1011(b)(4), and (y) in the case
of Section 1011(b)(18), such Lien may not extend to any assets other than the assets owned by the Restricted Subsidiaries incurring
such Indebtedness;

 

(7)           Liens
existing on the Issue Date (other than Liens incurred in connection with the Senior Credit Facilities);

 

(8)           Liens
on property or shares of stock of a Person at the time such Person becomes a Subsidiary; provided such Liens are not created
or incurred in connection with, or in contemplation of, such other Person becoming a Subsidiary; provided further, however,
that such Liens may not extend to any other property owned by the Issuer or any Restricted Subsidiary;

 

(9)           Liens
on property at the time the Issuer or a Restricted Subsidiary acquired the property, including any acquisition by means of a merger
or consolidation with or into the Issuer or any Restricted Subsidiary; provided that such Liens are not created or incurred
in connection with, or in contemplation of, such acquisition, merger or consolidation; provided further that the Liens
may not extend to any other property owned by the Issuer or any Restricted Subsidiary;

 

(10)         Liens
securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Issuer or another Restricted Subsidiary permitted
to be incurred in accordance with Section 1011 hereof;

 

    -27-

    	 

    

 

(11)         Liens
securing Hedging Obligations and Cash Management Services so long as the related Indebtedness is, and is permitted under this
Indenture to be, secured by a Lien on the same property securing such Hedging Obligations;

 

(12)         Liens
on specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of
bankers’ acceptances or trade letters of credit issued or created for the account of such Person to facilitate the purchase,
shipment or storage of such inventory or other goods;

 

(13)         leases,
subleases, licenses or sublicenses (including of intellectual property) granted to others in the ordinary course of business which
do not materially interfere with the ordinary conduct of the business of the Issuer or any Restricted Subsidiary and do not secure
any Indebtedness;

 

(14)         Liens
arising from Uniform Commercial Code (or equivalent statute) financing statement filings regarding operating leases or consignments
entered into by the Issuer or any Restricted Subsidiary in the ordinary course of business;

 

(15)         Liens
in favor of the Issuer or any Guarantor;

 

(16)         Liens
on equipment of the Issuer or any Restricted Subsidiary granted in the ordinary course of business to the Issuer’s or such
Restricted Subsidiaries’ client at which such equipment is located;

 

(17)         Liens
on accounts receivable and related assets incurred in connection with a Receivables Facility;

 

(18)         Liens
to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancing, refunding, extensions, renewals
or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in clauses (6) (solely with respect
to Liens securing Indebtedness permitted to be incurred pursuant to clauses (2), (4), (12) or (18) of Section 1011(b)), (7), (8),
(9), (10), (18) and (20) of this definition of “Permitted Liens”; provided that (A) such new Lien shall be limited
to all or part of the same property that secured the original Lien (plus accessions, additions and improvements on such property),
and (B) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of (i) the outstanding
principal amount or, if greater, committed amount of the Indebtedness described under clauses (6) (solely with respect to Liens
securing Indebtedness permitted to be incurred pursuant to clauses (2), (4), (12) or (18) of Section 1011(b)), (7), (8), (9),
(10), (18) and (20) at the time the original Lien became a Permitted Lien under this Indenture, and (ii) an amount necessary to
pay any fees and expenses, including premiums, and accrued and unpaid interest related to such refinancing, refunding, extension,
renewal or replacement;

 

(19)         deposits
made or other security provided to secure liabilities to insurance carriers under insurance or self-insurance arrangements in
the ordinary course of business;

 

(20)         Liens
to secure Indebtedness incurred pursuant to the covenant described under Section 1011; provided that (x) no Event of Default
shall have occurred and be continuing at the time of the incurrence of such Indebtedness or after giving effect thereto and (y)
the Consolidated Secured Debt Ratio, calculated on a pro forma basis after giving effect to the incurrence of such Lien,
the related Indebtedness and the application of net proceeds therefrom would be no greater than 4.50 to 1.00;

 

    -28-

    	 

    

 

(21)         other
Liens securing obligations incurred in the ordinary course of business which obligations at any one time outstanding do not exceed
the greater of (x) $125.0 million and (y) 2.50% of Total Assets at the time of incurrence;;

 

(22)         Liens
securing judgments for the payment of money not constituting an Event of Default under Section 501(5) so long as such Liens are
adequately bonded and any appropriate legal proceedings that may have been duly initiated for the review of such judgment have
not been finally terminated or the period within which such proceedings may be initiated has not expired;

 

(23)         Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with
the importation of goods in the ordinary course of business;

 

(24)         Liens
(i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code or any comparable or successor provision
on items in the course of collection, (ii) attaching to pooling, commodity trading accounts or other commodity brokerage accounts
incurred in the ordinary course of business and (iii) in favor of banking or other financial institutions or electronic payment
service providers arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general
parameters customary in the banking or finance industry;

 

(25)         Liens
deemed to exist in connection with Investments in repurchase agreements permitted under Section 1011; provided that such
Liens do not extend to any assets other than those that are the subject of such repurchase agreement;

 

(26)         Liens
encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts
or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes;

 

(27)         Liens
that are contractual rights of set-off (i) relating to the establishment of depository relations with banks not given in connection
with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Issuer or any of its Restricted Subsidiaries
to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Issuer and its Restricted
Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of the Issuer or any of its
Restricted Subsidiaries in the ordinary course of business;

 

(28)         Liens
solely on any cash earnest money deposits made by the Issuer or any of its Restricted Subsidiaries in connection with any letter
of intent or purchase agreement permitted under this Indenture;

 

(29)         the
rights reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Issuer or any
of its Restricted Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit,
or to require annual or periodic payments as a condition to the continuance thereof;

 

(30)         restrictive
covenants affecting the use to which real property may be put; provided that the covenants are complied with;

 

    -29-

    	 

    

 

(31)         security
given to a public utility or any municipality or governmental authority when required by such utility or authority in connection
with the operations of that Person in the ordinary course of business;

 

(32)         zoning
by-laws and other land use restrictions, including, without limitation, site plan agreements, development agreements and contract
zoning agreements;

 

(33)         Liens
arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Issuer
or any Restricted Subsidiary in the ordinary course of business;

 

(34)         any
Lien granted pursuant to a security agreement between the Issuer or any Restricted Subsidiary and a licensee of their intellectual
property to secure the damages, if any, of such licensee resulting from the rejection by the Issuer or such Restricted Subsidiary
of such licensee in a bankruptcy, reorganization or similar proceeding with respect to the Issuer or such Restricted Subsidiary;
provided that such Liens, do not cover any assets other than the intellectual property subject to such
license;

 

(35)         Liens
on the Equity Interests of Unrestricted Subsidiaries;

 

(36)         any
encumbrance or restriction (including put and call arrangements) with respect to capital stock of any joint venture or similar
arrangement pursuant to any joint venture or similar agreement; and

 

(37)         Liens
on property or assets used to defease or to irrevocably satisfy and discharge Indebtedness; provided that such defeasance or satisfaction
and discharge is not prohibited by the Indenture.

 

For
purposes of determining compliance with this definition, (x) a Lien need not be incurred solely by reference to one category of
Permitted Liens described in this definition but may be incurred under any combination of such categories (including in part under
one such category and in part under any other such category), (y) in the event that a Lien (or any portion thereof) meets the
criteria of one or more of such categories of Permitted Liens, the Issuer shall, in its sole discretion, classify or reclassify
such Lien (or any portion thereof) in any manner that complies with this definition, and (z) in the event that a portion of Indebtedness
secured by a Lien could be classified as secured in part pursuant to clause (20) of this definition (giving effect to the incurrence
of such portion of such Indebtedness), the Issuer, in its sole discretion, may classify such portion of such Indebtedness (and
any Obligations in respect thereof) as having been secured pursuant to clause (20) of this definition and thereafter the remainder
of the Indebtedness as having been secured pursuant to one or more of the other clauses of this definition.

 

For
purposes of this definition, the term “Indebtedness” shall be deemed to include interest on such Indebtedness.

 

“Permitted
Parent” means (a) any direct or indirect parent of the Issuer formed not in connection with, or in contemplation of, a transaction
(other than Transactions) that, assuming such parent was not formed, after giving effect thereto would constitute a Change of
Control and (b) any Public Company (or Wholly Owned Subsidiary of such Public Company) to the extent and until such time as any
Person or group is deemed to be or become a beneficial owner of Voting Stock of such Public Company representing more than 50%
of the total voting power of the Voting Stock of such Public Company.

 

    -30-

    	 

    

 

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

 

“Predecessor
Note” of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by
such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 306 in exchange
for a mutilated Note or in lieu of a destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated,
destroyed, lost or stolen Note.

 

“preferred
stock” means any Equity Interest with preferential rights of payment of dividends or upon liquidation, dissolution, or winding
up.

 

“Protected
Purchaser” has the meaning specified in Section 306 of this Indenture.

 

“Public
Company” means any Person with a class or series of Voting Stock that is traded on a stock exchange or in the over-the-counter
market.

 

“Public
Company Costs” shall mean costs relating to compliance with the provisions of the Securities Act of 1933, as amended, and
the Securities Exchange Act of 1934, as amended, as applicable to companies with equity or debt securities held by the public,
the rules of national securities exchange companies with listed equity or debt securities, directors’ or managers’ compensation,
fees and expense reimbursement, costs relating to investor relations, shareholder meetings and reports to shareholders or debtholders,
directors and officers’ insurance and other executive costs, legal and other professional fees, and listing fees.

 

“Qualified
Proceeds” means assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business.

 

“Rating
Agencies” mean Moody’s and S&P or if Moody’s or S&P or both shall not make a rating on the Notes publicly
available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Issuer which shall
be substituted for Moody’s or S&P or both, as the case may be.

 

“Receivables
Facility” means any of one or more receivables financing facilities, as amended, supplemented, modified, extended, renewed,
restated or refunded from time to time, the Obligations of which are non-recourse (except for customary representations, warranties,
covenants and indemnities made in connection with such facilities) to the Issuer and the Restricted Subsidiaries (other than a
Receivables Subsidiary) pursuant to which the Issuer or any Restricted Subsidiary sells its accounts receivable to either (a)
a Person that is not a Restricted Subsidiary or (b) a Receivables Subsidiary that in turn funds such purchase by purporting to
sell its accounts receivable to a Person that is not a Restricted Subsidiary or by borrowing from such a Person or from another
Receivables Subsidiary that in turn funds itself by borrowing from such a Person.

 

“Receivables
Fee” means distributions or payments made directly or by means of discounts with respect to any accounts receivable or participation
interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection
with, any Receivables Facility.

 

    -31-

    	 

    

 

“Receivables
Subsidiary” means any Subsidiary formed for the purpose of facilitating or entering into one or more Receivables Facilities,
and in each case engages only in activities reasonably related or incidental thereto.

 

“Redemption
Date”, when used with respect to any Note to be redeemed, in whole or in part, means the date fixed for such redemption by
or pursuant to this Indenture.

 

“Redemption
Price”, when used with respect to any Note to be redeemed, means the price at which it is to be redeemed pursuant to this
Indenture.

 

“Refinance”
means, in respect of any Indebtedness, Disqualified Stock or preferred stock, to refinance, extend, renew, refund, repay, prepay,
purchase, redeem, defease or retire, or to issue other Indebtedness, Disqualified Stock or preferred stock in exchange or replacement
for, such Indebtedness, Disqualified Stock or preferred stock, in whole or in part. “Refinanced” and “Refinancing”
shall have correlative meanings.

 

“Refinancing
Indebtedness” has the meaning specified in Section 1011 of this Indenture.

 

“Refunding
Capital Stock” has the meaning specified in Section 1010 of this Indenture.

 

“Regular
Record Date” has the meaning specified in Section 301 of this Indenture.

 

“Related
Business Assets” means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided
that any assets received by the Issuer or the Restricted Subsidiaries in exchange for assets transferred by the Issuer or a Restricted
Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of
the securities of such Person, such Person would become a Restricted Subsidiary.

 

“Responsible
Officer”, means any vice president, any assistant treasurer, any trust officer or assistant trust officer, or any other officer
of the Trustee within the Corporate Trust Office customarily performing functions similar to those performed by any of the above
designated officers, and also means, with respect to a particular corporate trust matter, any other officer to whom such matter
is referred because of his knowledge of and familiarity with the particular subject and, in each case, who shall have direct responsibility
for the administration of this Indenture.

 

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

 

“Restricted
Payments” has the meaning specified in Section 1010 of this Indenture.

 

“Restricted
Subsidiary” means, at any time, any direct or indirect Subsidiary of the Issuer (including any Foreign Subsidiary) that is
not then an Unrestricted Subsidiary; provided that upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted
Subsidiary, such Subsidiary shall be included in the definition of “Restricted Subsidiary.”

 

“Retired
Capital Stock” has the meaning specified in Section 1010 of this Indenture.

 

“S&P”
means Standard & Poor’s Ratings Services and any successor to its rating agency business.

 

“Sale
and Lease-Back Transaction” means any arrangement with any Person providing for the leasing by the Issuer or any Restricted
Subsidiary of any real or tangible personal property, which property has been or is to be sold or transferred by the Issuer or
such Restricted Subsidiary to such Person in contemplation of such leasing.

 

    -32-

    	 

    

 

“SEC”
means the Securities and Exchange Commission or any successor agency thereto.

 

“Second
Commitment” has the meaning specified in Section 1017 of this Indenture.

 

“Secured
Indebtedness” means any Indebtedness of the Issuer or any of its Restricted Subsidiaries secured by a Lien.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

 

“Senior
Credit Facilities” means the credit facilities provided under the Credit Agreement dated as of the Issue Date among the Issuer,
Renaissance Parent Corp. and the other borrowers and guarantors party thereto, the lenders party thereto from time to time in
their capacities as lenders thereunder, and UBS Loan Finance LLC, as administrative agent and collateral agent, including any
notes, mortgages, guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments,
supplements, modifications, extensions, replacements, renewals, restatements, refundings or refinancings thereof and any one or
more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that
extend, replace, refund, refinance, renew or defease any part of the loans, notes, other credit facilities or commitments thereunder,
including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder
or alters the maturity thereof or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by
the same or any other agent, lender or group of lenders.

 

“Senior
Indebtedness” means with respect to any Person:

 

(1)           Indebtedness
of such Person, whether outstanding on the Issue Date or thereafter incurred; and

 

(2)     
     all other Obligations of such Person (including interest accruing on or after the filing of any
petition in bankruptcy or for reorganization relating to such Person whether or not post-filing interest is allowed in such proceeding)
in respect of Indebtedness described in clause (1) above in the case of both clauses (1) and (2), to the extent permitted to be
incurred under the terms of this Indenture, unless, in the case of clauses (1) and (2), in the instrument creating or evidencing
the same or pursuant to which the same is outstanding, it is provided that such Indebtedness or other Obligations are subordinated
in right of payment to the Notes or the Guarantee of such Person, as the case may be;

 

provided
that Senior Indebtedness shall not include:

 

(1)     
     any obligation of such Person to the Issuer or any Subsidiary of the Issuer;

 

(2)     
     any liability for Federal, state, local or other taxes owed or owing by such Person;

 

(3)     
     any accounts payable or other liability to trade creditors arising in the ordinary course of business;

 

(4)     
     any Capital Stock;

 

    -33-

    	 

    

 

(5)     
     any Indebtedness or other Obligation of such Person which is subordinate or junior in any respect
to any other Indebtedness or other Obligation of such Person; or

 

(6)     
     that portion of any Indebtedness which at the time of incurrence is incurred in violation of this
Indenture.

 

“Senior
Secured Indebtedness” means Senior Indebtedness that is Secured Indebtedness.

 

“Significant
Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule
1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date.

 

“Similar
Business” means any business conducted or proposed to be conducted by the Issuer and the Restricted Subsidiaries on the Issue
Date or any business that is similar, reasonably related, incidental or ancillary thereto.

 

“Special
Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307.

 

“Sponsor
Management Agreement” means the management agreement between certain of the management companies associated with the Investors,
and the Issuer and/or a direct or indirect parent company of the Issuer.

 

“Stated
Maturity”, when used with respect to any Note or any installment of principal thereof or interest thereon, means the date
specified in such Notes as the fixed date on which the principal of such Notes or such installment of principal or interest is
due and payable.

 

“Subordinated
Indebtedness” means:

 

(1)    
      with respect to the Issuer, any Indebtedness of the Issuer which is by its terms subordinated
in right of payment to the Notes, and

 

(2)     
     with respect to any Guarantor, any Indebtedness of such Guarantor which is by its terms subordinated
in right of payment to the Guarantee of such Guarantor under this Indenture.

 

“Subsidiary”
means, with respect to any Person,

 

(1)      
    any corporation, association, or other business entity (other than a partnership, joint venture, limited
liability company or similar entity) of which more than 50% of the total voting power of shares of Capital Stock entitled (without
regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time
of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that
Person or a combination thereof and

 

(2)      
    any partnership, joint venture, limited liability company or similar entity of which:

 

(A)          more
than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests,
as the case may be, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of
that Person or a combination thereof whether in the form of membership, general, special or limited partnership or otherwise,
and

 

    -34-

    	 

    

 

(B)      
    such Person or any Restricted Subsidiary of such Person is a controlling general partner or otherwise
controls such entity.

 

“Successor
Company” has the meaning specified in Section 801 of this Indenture.

 

“Suspended
Covenants” has the meaning specified in Section 1018(a) of this Indenture.

 

“Suspension
Date” has the meaning specified in Section 1018(a) of this Indenture.

 

“Suspension
Period” has the meaning specified in Section 1018(a) of this Indenture.

 

“Total
Assets” means the total assets of the Issuer and the Restricted Subsidiaries on a consolidated basis, as shown on the most
recent consolidated balance sheet of the Issuer or such other Person as may be expressly stated, as the case may be.

 

“Transactions”
means the transactions contemplated by the Acquisition Agreement, the issuance of the Notes and the borrowings under the Senior
Credit Facilities.

 

“Treasury
Rate” means, as of any redemption date, the yield to maturity as of such redemption date of United States Treasury securities
with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has
become publicly available at least two Business Days prior to the redemption date (or, if such Statistical Release is no longer
published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to
August 15, 2016; provided that if the period from the redemption date to August 15, 2016 is less than one year, the weekly
average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used.

 

“Trust
Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force at the date as of which this Indenture
was executed.

 

“Trustee”
means Wells Fargo Bank, National Association until a successor replaces it and, thereafter, means the successor.

 

“Uniform
Commercial Code” means the New York Uniform Commercial Code as in effect from time to time.

 

“Unrestricted
Subsidiary” means:

 

(1)      
    any Subsidiary of the Issuer which at the time of determination is an Unrestricted Subsidiary (as designated
by the Board of Directors of the Issuer, as provided below) and

 

(2)      
    any Subsidiary of an Unrestricted Subsidiary.

 

The
Board of Directors of the Issuer may designate any Subsidiary of the Issuer (including any existing Subsidiary and any newly acquired
or newly formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity
Interests or Indebtedness of, or owns or holds any Lien on, any property of, the Issuer or any Subsidiary of the Issuer (other
than any Subsidiary of the Subsidiary to be so designated); provided that

 

    -35-

    	 

    

 

(1)      
    any Unrestricted Subsidiary must be an entity of which the Equity Interests entitled to cast at least
a majority of the votes that may be cast by all Equity Interests having ordinary voting power for the election of directors or
other governing body are owned, directly or indirectly, by the Issuer,

 

(2)     
     such designation complies with Section 1010, and

 

(3)      
    each of

 

(A)          the
Subsidiary to be so designated and

 

(B)    
      its Subsidiaries

 

has
not at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly
or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the Issuer
or any Restricted Subsidiary.

 

The
Board of Directors of the Issuer may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that,
immediately after giving effect to such designation no Default shall have occurred and be continuing and either:

 

(1)     
     the Issuer could incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage
Ratio test described under Section 1011(a), or

 

(2)     
     the Fixed Charge Coverage Ratio for the Issuer and the Restricted Subsidiaries would be equal to
or greater than such ratio for the Issuer and the Restricted Subsidiaries immediately prior to such designation,

 

in
each case on a pro forma basis taking into account such designation.

 

Any
such designation by the Board of Directors of the Issuer shall be notified by the Issuer to the Trustee by promptly filing with
the Trustee a certified copy of the Board Resolution giving effect to such designation and an Officer’s Certificate certifying
that such designation complied with the foregoing provisions.

 

“U.S.
Person” means a U.S. Person as defined in Rule 902(k) promulgated under the Securities Act.

 

“Vice
President”, when used with respect to the Issuer or the Trustee, means any vice president, whether or not designated by a
number or a word or words added before or after the title “vice president”.

 

“Voting
Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election
of the Board of Directors of such Person.

 

“Weighted
Average Life to Maturity” means, when applied to any Indebtedness, Disqualified Stock or preferred stock, as the case may
be, at any date, the quotient obtained by dividing:

 

(1)        
  the sum of the products of the number of years from the date of determination to the date of each successive scheduled
principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock or preferred stock
multiplied by the amount of such payment, by

 

    -36-

    	 

    

 

(2)    
      the sum of all such payments.

 

“Wholly-Owned
Subsidiary” of any Person means a Subsidiary of such Person, 100% of the outstanding Capital Stock or other ownership interests
of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned
Subsidiaries of such Person.

 

SECTION
103.          Compliance Certificates and Opinions. Upon any application
or request by the Issuer to the Trustee to take or refrain from taking any action under this Indenture, the Issuer shall furnish
to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture (including
any covenant compliance with which constitutes a condition precedent) relating to the proposed action have been complied with
and, other than in connection with the addition of a new Guarantor or parent guarantor, an Opinion of Counsel stating that in
the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such
application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture
relating to such particular application or request, no additional certificate or opinion need be furnished.

 

Every
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant
to Section 1008(a)) shall include:

 

(1)          
a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions
herein relating thereto;

 

(2)          
a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based;

 

(3)          
a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary
to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and

 

(4)          
a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with.

 

SECTION
104.         Form of Documents Delivered to Trustee. In any case where several
matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such
matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one
document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as
to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.

 

Any
certificate or opinion of an officer of the Issuer may be based, insofar as it relates to legal matters, upon a certificate or
opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous.
Any such certificate or opinion may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations
by, an officer or officers of the Issuer stating that the information with respect to such factual matters is in the possession
of the Issuer, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or
representations with respect to such matters are erroneous.

 

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Where
any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions
or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument.

 

SECTION
105.          Acts of Holders.

 

(a)          
Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be
given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by
such Holders in person or by agents duly appointed in writing; and, except as herein otherwise expressly provided, such action
shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required,
to the Issuer. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred
to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or
of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee
and the Issuer, if made in the manner provided in this Section.

 

(b)          
The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a
witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of
deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such
execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute
sufficient proof of authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person
executing the same, may also be proved in any other manner that the Trustee deems sufficient.

 

(c)          
The principal amount and serial numbers of Notes held by any Person, and the date of holding the same, shall be proved
by the Note Register.

 

(d)          
If the Issuer shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or
other Act, the Issuer may, at its option, fix in advance a record date for the determination of Holders entitled to give such
request, demand, authorization, direction, notice, consent, waiver or other Act, but the Issuer shall have no obligation to do
so. Such record date shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in
connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such request,
demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only
the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining
whether Holders of the requisite proportion of Outstanding Notes have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Notes shall be computed as
of such record date; provided, that no such authorization, agreement or consent by the Holders on such record date shall be deemed
effective unless it shall become effective pursuant to the provisions of this Indenture not later than eleven months after the
record date. Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall
bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in
exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Issuer or
any Guarantor in reliance thereon, whether or not notation of such action is made upon such Note.

 

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SECTION
106.          Notices, Etc., to Trustee,
Issuer, any Guarantor and Agent. Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders
or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with,

 

(1)          
the Trustee by any Holder or by the Issuer or any Guarantor shall be sufficient for every purpose hereunder if made, given,
furnished or filed in writing via facsimile, email in PDF format or mailed, first class postage prepaid, or delivered by recognized
overnight courier, to or with the Trustee at Wells Fargo Bank, National Association, 150 East 42nd Street, 40th
Floor, Attention: Administrator for Gardner Denver, Inc. (fax: (917) 260-1593), or

 

(2)          
the Issuer or any Guarantor by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise
herein expressly provided) if made, given, furnished or delivered in writing via facsimile, or email in PDF or mailed, first class
postage prepaid, or delivered by recognized overnight courier, to the Issuer or such Guarantor addressed to Renaissance Acquisition
Corp., c/o Gardner Denver, Inc., 1500 Liberty Ridge Drive, Suite 3000, Wayne, PA 19087 (fax: (610) 249-2095), or at any other
address previously furnished in writing to the Trustee by the Issuer or such Guarantor.

 

A
copy of all notices to any Agent shall be sent to the Trustee at the address show above. Any Person may change it address by giving
notice of such change as set forth herein.

 

SECTION
107.          Notice to Holders; Waiver.
Where this Indenture provides for notice of any event to Holders by the Issuer or the Trustee, such notice shall be sufficiently
given (unless otherwise herein expressly provided) if in writing and delivered electronically or mailed, first class postage prepaid,
to each Holder affected by such event, at his address as it appears in the Note Register, not later than the latest date, and
not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by
mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the
sufficiency of such notice with respect to other Holders. Notices given by publication shall be deemed given on the first date
on which publication is made, notices given by first-class mail, postage prepaid, shall be deemed given five calendar days after
mailing; notices sent by overnight delivery service will be deemed given when delivered; and notices given electronically shall
be deemed given when sent. Any notices required to be given to the holders of Notes that are in global form will be given to the
Depository.

 

The
Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, pdf, facsimile
transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency
certificate listing persons designated to give such instructions or directions and containing specimen signatures of such designated
persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the
listing. If the Issuer elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method)
and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions
shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly
from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are
inconsistent with a subsequent written instruction. The Issuer agrees to assume all risks arising out of the use of such electronic
methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized
instructions, and the risk or interception and misuse by third parties.

 

In
case by reason of the suspension of or irregularities in regular mail service or by reason of any other cause, it shall be impracticable
to mail notice of any event to Holders when such notice is required to be given pursuant to any provision of this Indenture, then
any manner of giving such notice as shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice
for every purpose hereunder.

 

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Where
this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders
shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance
upon such waiver.

 

SECTION
108.          Effect of Headings and Table of Contents. The Article and
Section headings herein and the Table of Contents are for convenience of reference only, are not intended to be considered a part
hereof and shall not affect the construction hereof.

 

SECTION
109.          Successors and Assigns.
All agreements of the Issuer in this Indenture and the Notes will bind its successors. All agreements of the Trustee in this Indenture
will bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided
in Section 1208 hereof.

 

SECTION
110.          Severability Clause. In case
any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

 

SECTION
111.          Benefits of Indenture. Nothing
in this Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto, any Paying Agent,
any Note Registrar and their successors hereunder and the Holders any benefit or any legal or equitable right, remedy or claim
under this Indenture.

 

SECTION
112.          Governing Law. This Indenture,
the Notes and any Guarantee shall be governed by and construed in accordance with the laws of the State of New York. THE PARTIES
HERETO AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN
THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE OR THE NOTES .

 

SECTION
113.          Legal Holidays. In any case
where any Interest Payment Date, Redemption Date or Stated Maturity or Maturity of any Note shall not be a Business Day, then
(notwithstanding any other provision of this Indenture or of the Notes) payment of principal (or premium, if any) or interest
need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on
the Interest Payment Date, Redemption Date, or at the Stated Maturity or Maturity; provided, that no interest shall accrue for
purposes of such payment for the period from and after such Interest Payment Date, Redemption Date, Stated Maturity or Maturity,
as the case may be.

 

SECTION
114.          No Personal Liability of Directors,
Managers, Officers, Employees and Stockholders. No director, manager, officer, employee, incorporator or stockholder of the
Issuer or any Guarantor or any of their parent companies shall have any liability for any obligations of the Issuer or the Guarantors
under the Notes, the Guarantees or this Indenture or for any claim based on, in respect of, or by reason of such obligations or
their creation. Each Holder by accepting a Note waives and releases all such liability to the fullest extent permitted by applicable
law. The waiver and release are part of the consideration for issuance of the Notes.

 

SECTION
115.          [Reserved] 

 

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SECTION
116.          Counterparts. This Indenture
may be executed in any number of counterparts, each of which shall be original; but such counterparts shall together constitute
but one and the same instrument. One signed copy is enough to prove this Indenture. . The exchange of copies of the Indenture
and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of the Indenture as
to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted
by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

SECTION
117.          USA PATRIOT Act. The parties
hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act, the Trustee, like all financial institutions and
in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that
identifies each person or legal entity that establishes a relationship or opens an account. The Issuer agrees that it will provide
the Trustee with information about the Issuer as the Trustee may reasonably request in order for the Trustee to satisfy the requirements
of the USA PATRIOT Act.

 

SECTION
118.          Waiver of Jury Trial.
EACH OF THE ISSUER, ANY GUARANTOR AND THE TRUSTEE AND EACH HOLDER OF A NOTE, BY ITS ACCEPTANCE THEREOF, THEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO THIS INDENTURE, THE NOTES OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREBY OR HEREBY.

 

SECTION
119.          Force Majeure. In no event
shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out
of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents,
acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss
or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee
shall use reasonable efforts that are consistent with accepted practices in the banking industry to resume performance as soon
as practicable under the circumstances.

 

ARTICLE
Two

NOTE FORMS

 

SECTION
201.          Form and Dating. Provisions
relating to the Initial Notes are set forth in Annex I attached hereto (the “Appendix”) which is hereby incorporated
in, and expressly made part of, this Indenture. The Initial Notes and the Trustee’s certificate of authentication shall be
substantially in the form of Exhibit 1 to the Appendix which is hereby incorporated in, and expressly made a part of, this Indenture.
The Notes may have notations, legends or endorsements required by law, stock exchange rule, agreements to which the Issuer is
subject, if any, or usage (provided that any such notation, legend or endorsement is in a form reasonably acceptable to
the Issuer). Each Note shall be dated the date of its authentication. The terms of the Note set forth in the Appendix are part
of the terms of this Indenture.

 

SECTION
202.          Execution, Authentication,
Delivery and Dating. The Notes shall be executed on behalf of the Issuer by at least one Officer. The signature of any Officer
on the Notes may be manual or facsimile signatures of the present or any future such authorized officer and may be imprinted or
otherwise reproduced on the Notes.

 

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Notes
bearing the manual or facsimile signature of an individual who was at any time the proper officer of the Issuer shall bind the
Issuer, notwithstanding that such individual has ceased to hold such office prior to the authentication and delivery of such Notes
or did not hold such office at the date of such Notes.

 

At
any time and from time to time after the execution and delivery of this Indenture, the Issuer may deliver Notes executed by the
Issuer to the Trustee for authentication, together with an Issuer Order for the authentication and delivery of such Notes, and
the Trustee in accordance with such Issuer Order shall authenticate and deliver such Notes.

 

On
the Issue Date, the Issuer shall deliver the Initial Notes in the aggregate principal amount of $575,000,000 executed by the Issuer
to the Trustee for authentication, together with an Issuer Order for the authentication and delivery of such Notes, specifying
the principal amount and registered holder of each Note, directing the Trustee to authenticate the Notes and deliver the same
to the persons named in such Issuer Order and the Trustee in accordance with such Issuer Order shall authenticate and deliver
such Initial Notes. At any time and from time to time after the Issue Date, the Issuer may deliver Additional Notes executed by
the Issuer to the Trustee for authentication, together with an Issuer Order for the authentication and delivery of such Additional
Notes, specifying the principal amount of and registered holder of each Note, directing the Trustee to authenticate the Additional
Notes and deliver the same to the persons in such Issuer Order and the Trustee in accordance with such Issuer Order shall authenticate
and deliver such Additional Notes. In each case, the Trustee shall receive an Officer’s Certificate and an Opinion of Counsel
of the Issuer that it may reasonably require in connection with such authentication of Notes. Such Issuer Order shall specify
the amount of Notes to be authenticated and the date on which the original issue of Notes is to be authenticated.

 

Each
Note shall be dated the date of its authentication.

 

No
Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Note a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature
of an authorized signatory, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such
Note has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture.

 

In
case the Issuer or any Guarantor, pursuant to Article Eight of this Indenture, shall be consolidated or merged with or into any
other Person or shall convey, transfer, lease or otherwise dispose of its properties and assets substantially as an entirety to
any Person, and the successor Person resulting from such consolidation, or surviving such merger, or into which the Issuer or
such Guarantor shall have been merged, or the Person which shall have received a conveyance, transfer, lease or other disposition
as aforesaid, shall have executed a supplemental indenture hereto with the Trustee pursuant to Article Eight of this Indenture,
any of the Notes authenticated or delivered prior to such consolidation, merger, conveyance, transfer, lease or other disposition
may, from time to time, at the request of the successor Person, be exchanged for other Notes executed in the name of the successor
Person with such changes in phraseology and form as may be appropriate, but otherwise in substance of like tenor as the Notes
surrendered for such exchange and of like principal amount; and the Trustee, upon Issuer Request of the successor Person, shall
authenticate and deliver Notes as specified in such request for the purpose of such exchange. If Notes shall at any time be authenticated
and delivered in any new name of a successor Person pursuant to this Section in exchange or substitution for or upon registration
of transfer of any Notes, such successor Person, at the option of the Holders but without expense to them, shall provide for the
exchange of all Notes at the time Outstanding for Notes authenticated and delivered in such new name.

 

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The
Trustee may appoint an authenticating agent acceptable to the Issuer to authenticate Notes. An authenticating agent may authenticate
Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication
by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an affiliate of the Issuer.

 

ARTICLE
Three

THE NOTES

 

SECTION
301.          Title and Terms. The
aggregate principal amount of Notes which may be authenticated and issued under this Indenture is not limited; provided that
any Additional Notes issued under this Indenture are issued in accordance with Sections 202, 312 and 1011 hereof, as part of the
same series as the Initial Notes.

 

The
terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Indenture, and the
Issuer, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions
and to be bound thereby. However, to the extent any provision of any Note conflicts with the express provisions of this Indenture,
the provisions of this Indenture shall govern and be controlling.

 

The
Notes shall be known and designated as the “6.875% Senior Notes Due 2021” of the Issuer. The Stated Maturity of the
Notes shall be August 15, 2021, and the Notes shall bear interest at the rate of 6.875% per annum from the Issue Date, or from
the most recent Interest Payment Date to which interest has been paid or duly provided for, payable on February 15, 2014 and semi
annually thereafter on February 15 and August 15 in each year and at said Stated Maturity, until the principal thereof is paid
or duly provided for and to the Person in whose name the Note (or any Predecessor Note) is registered at the close of business
on February 1 and August 1 immediately preceding such Interest Payment Date (each, a “Regular Record Date”).

 

The
principal of (and premium, if any) and interest on the Notes shall be payable at the offices or agencies of the Issuer set forth
in Section 302, or, at the option of the Issuer, payment of interest may be made by check mailed to the Holders of the Notes at
their respective addresses set forth in the Note Register of Holders; provided that all payments of principal, premium,
if any, and interest with respect to Notes represented by one or more permanent Global Notes registered in the name of or held
by the Depositary or its nominee will be made by wire transfer of immediately available funds to the Depository.

 

Holders
shall have the right to require the Issuer to purchase their Notes, in whole or in part, in the event of a Change of Control pursuant
to Section 1016. The Notes shall be subject to repurchase pursuant to an Asset Sale Offer as provided in Section 1017.

 

The
Notes shall be redeemable as provided in Article Eleven.

 

The
due and punctual payment of principal of (and premium, if any) and interest on the Notes payable by the Issuer is irrevocably
unconditionally guaranteed, to the extent set forth herein, by each of the Guarantors.

 

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SECTION
302.          Note Registrar, Transfer Agent
and Paying Agent. The Issuer shall maintain one or more paying agents (each, a “Paying Agent”) for the Notes in
New York. The Issuer hereby appoints the Trustee as the initial Paying Agent.

 

The
Issuer shall be responsible for making calculations called for under the Notes, including but not limited to determination of
redemption price or other amounts payable on the Notes. The Issuer will make the calculations in good faith and, absent manifest
error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the
Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the Issuer’s calculations
without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Notes upon the
written request of such Holder.

 

The
Issuer will also maintain one or more registrars (each, a “Note Registrar”) with offices in New York. The Issuer will
also maintain a transfer agent (each, a “Transfer Agent”) in New York. The Issuer hereby appoints the Trustee as the
initial Note Registrar and Transfer Agent. The Note Registrar and the Transfer Agent shall keep a register of the Notes and of
their transfer and exchange (the register maintained in such office and in any other office or agency designated pursuant to Section
1002 being herein sometimes referred to as the “Note Register”). The Note Register shall be in written form or any other
form capable of being converted into written form within a reasonable time. At all reasonable times, the Note Register shall be
open to inspection by the Trustee. The Issuer may change the Paying Agents, the Note Registrars or the Transfer Agents without
prior notice to the Holders. The Issuer may have one or more co-registrars and one or more additional paying agents. The term
“Note Registrar” includes any co-registrars.

 

The
Issuer shall enter into an appropriate agency agreement with any Note Registrar or Paying Agent not a party to this Indenture.
The agreement shall implement the provisions of this Indenture that relate to such agent. The Issuer shall notify the Trustee
in writing of the name and address of any such agent. If the Issuer fails to maintain a Note Registrar or Paying Agent, the Trustee
shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 607. The Issuer or any Affiliate
thereof may act as Paying Agent or Note Registrar.

 

The
Issuer acknowledges that neither the Trustee nor any Agent makes any representations as to the interpretation or characterization
of the transactions herein undertaken for tax or any other purpose, in any jurisdiction.

 

SECTION
303.          Denominations. The Notes
shall be issuable only in registered form without coupons and only in denominations of $2,000 and any integral multiples of $1,000
in excess thereof.

 

SECTION
304.          Temporary Notes. Pending
the preparation of definitive Notes, the Issuer may execute, and upon Issuer Order the Trustee shall authenticate and deliver,
temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such Notes may determine, as conclusively evidenced by their execution
of such Notes.

 

If
temporary Notes are issued, the Issuer will cause definitive Notes to be prepared without unreasonable delay. After the preparation
of definitive Notes, the temporary Notes shall be exchangeable for definitive Notes upon surrender of the temporary Notes at the
office or agency of the Issuer designated for such purpose pursuant to Section 1002, without charge to the Holder. Upon surrender
for cancellation of any one or more temporary Notes, the Issuer shall execute and the Trustee shall authenticate and deliver in
exchange therefor a like principal amount of definitive Notes of authorized denominations. Until so exchanged, the temporary Notes
shall in all respects be entitled to the same benefits under this Indenture as definitive Notes.

 

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SECTION
305.          Registration of Transfer
and Exchange.

 

Upon
surrender for registration of transfer of any Note at the office or agency of the Issuer designated pursuant to Section 1002,
the Issuer shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Notes of any authorized denomination or denominations of a like aggregate principal amount.

 

At
the option of the Holder, Notes may be exchanged for other Notes of any authorized denomination and of a like aggregate principal
amount, upon surrender of the Notes to be exchanged at such office or agency. Whenever any Notes are so surrendered for exchange,
the Issuer shall execute, and the Trustee shall authenticate and deliver, the Notes which the Holder making the exchange is entitled
to receive.

 

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

 

Every
Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Issuer or the Note Registrar)
be duly endorsed, or be accompanied by written instruments of transfer, in form satisfactory to the Issuer and the Note Registrar,
duly executed by the Holder thereof or his attorney duly authorized in writing.

 

No
service charge shall be made for any registration of transfer or exchange or redemption of Notes, but the Issuer may require payment
of a sum sufficient to cover any taxes, fees or other governmental charge that may be imposed in connection with any registration
of transfer or exchange of Notes, other than exchanges pursuant to Sections 202, 304, 906, 1016, 1017 or 1108 not involving any
transfer.

 

SECTION
306.          Mutilated, Destroyed, Lost and
Stolen Notes. If (1) any mutilated Note is surrendered to the Trustee, or (2) the Issuer and the Trustee receive evidence
to their satisfaction of the destruction, loss or theft of any Note, and there is delivered to the Issuer and the Trustee such
security or indemnity to save each of them harmless from any claim, loss, cost or liability resulting from such lost or stolen
Note, then, in the absence of written notice to the Issuer or the Trustee that such Note has been acquired by a Protected Purchaser
(as defined in Section 8-303 of the Uniform Commercial Code) (a “Protected Purchaser”), the Issuer shall execute and
upon Issuer Order the Trustee shall authenticate and deliver, in exchange for any such mutilated Note or in lieu of any such destroyed,
lost or stolen Note, a new Note of like tenor and principal amount, bearing a number not contemporaneously outstanding.

 

In
case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Issuer in its discretion
may, instead of issuing a new Note, pay such Note.

 

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

 

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Every
new Note issued pursuant to this Section in lieu of any mutilated, destroyed, lost or stolen Note shall constitute an original
additional contractual obligation of the Issuer and each Guarantor, whether or not the mutilated, destroyed, lost or stolen Note
shall be at any time enforceable by anyone, and shall be entitled to all benefits of this Indenture equally and proportionately
with any and all other Notes duly issued hereunder.

 

The
provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect
to the replacement or payment of mutilated, destroyed, lost or stolen Notes.

 

SECTION
307.          Payment of Interest; Interest
Rights Preserved.

 

(a)          
Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall
be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the
Regular Record Date for such interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 1002;
provided that, subject to Section 301 hereof, each installment of interest may at the Issuer’s option be paid by (1)
mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308,
to the address of such Person as it appears in the Note Register or (2) transfer to an account maintained by the payee; provided
that payment by wire transfer of immediately available funds shall be required with respect to principal of, premium on, if
any, and interest on, all Notes in global form and all other Notes the Holders of which shall have provided wire transfer instructions
to the Issuer and the Paying Agent.

 

(b)          
Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date
shall forthwith cease to be payable to the Holder on the Regular Record Date by virtue of having been such Holder, and such defaulted
interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest
and interest thereon herein collectively called “Defaulted Interest”) may be paid by the Issuer, at its election in
each case, as provided in clause (1) or (2) below:

 

(1)          
the Issuer may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective
Predecessor Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest,
which shall be fixed in the following manner. The Issuer shall notify the Trustee in writing of the amount of Defaulted Interest
proposed to be paid on each Note and the date of the proposed payment, and at the same time the Issuer shall deposit with the
Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited
to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not
less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the
notice of the proposed payment. The Trustee shall promptly notify the Issuer of such Special Record Date, and in the name and
at the expense of the Issuer, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor to be given in the manner provided for in Section 107, not less than 10 days prior to such Special Record Date. Notice
of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so given, such Defaulted Interest
shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business
on such Special Record Date and shall no longer be payable pursuant to the following clause (2).

 

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(2)          
the Issuer may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements
of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, if, after
written notice given by the Issuer to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall
be deemed practicable by the Trustee.

 

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

 

SECTION
308.          Persons Deemed Owners. Prior
to the due presentment of a Note for registration of transfer, the Issuer, any Guarantor, the Trustee and any agent of the Issuer
or the Trustee may treat the Person in whose name such Note is registered as the owner of such Note for the purpose of receiving
payment of principal of (and premium, if any) and (subject to Sections 305 and 307) interest on such Note and for all other purposes
whatsoever, whether or not such Note be overdue, and none of the Issuer, the Trustee or any agent of the Issuer or the Trustee
shall be affected by notice to the contrary.

 

SECTION
309.          Cancellation. All Notes surrendered
for payment, redemption, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered
to the Trustee and shall be cancelled by the Trustee in accordance with its customary procedures. The Issuer may at any time deliver
to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Issuer may have acquired
in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation
any Notes previously authenticated hereunder which the Issuer has not issued and sold, and all Notes so delivered shall be cancelled
by the Trustee in accordance with its customary procedures. If the Issuer shall so acquire any of the Notes, however, such acquisition
shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are
surrendered to the Trustee for cancellation. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled
as provided in this Section, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be
disposed of by the Trustee in accordance with its customary procedures.

 

SECTION
310.          Computation of Interest.
Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months.

 

SECTION
311.          Transfer and Exchange.
The Notes shall be issued in registered form and shall be transferable only upon the surrender of a Note for registration of transfer.
When a Note is presented to the Note Registrar or a co-registrar with a request to register a transfer, the Note Registrar shall
register the transfer as requested if the requirements of this Indenture and Section 8-401(a) of the Uniform Commercial Code are
met. When Notes are presented to the Note Registrar or a co-registrar with a request to exchange them for an equal principal amount
of Notes of other denominations, the Note Registrar shall make the exchange as requested if the same requirements are met.

 

SECTION
312.          CUSIP, ISIN and Common Code Numbers.
The Issuer in issuing the Notes may use CUSIP, ISINs and “Common Code” numbers (in each case, if then generally in use)
in addition to serial numbers, and, if so, the Trustee shall use such “CUSIP, ISINs and “Common Code” numbers in
addition to serial numbers in notices of redemption, repurchase or other notices to Holders as a convenience to Holders; provided
that any such notice may state that no representation is made as to the correctness of such “CUSIP, ISINs and “Common
Code” numbers either as printed on the Notes or as contained in any notice of a redemption or repurchase and that reliance
may be placed only on the serial or other identification numbers printed on the Notes, and any such redemption or repurchase shall
not be affected by any defect in or omission of such numbers. The Issuer will promptly notify the Trustee in writing of any change
in the “CUSIP, ISINs and “Common Code” numbers applicable to the Notes.

 

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SECTION
313.          Issuance of Additional Notes.
The Issuer may, subject to Section 1011 of this Indenture, issue additional Notes having identical terms and conditions to the
Initial Notes issued on the Issue Date (the “Additional Notes”). The Initial Notes issued on the Issue Date and any
Additional Notes subsequently issued shall be treated as a single class for all purposes under this Indenture; provided,
that Additional Notes will not be issued with the same CUSIP, if any, as Initial Notes unless such Additional Notes are fungible
with Initial Notes for U.S. Federal income tax purposes.

 

ARTICLE
Four

SATISFACTION AND DISCHARGE

 

SECTION
401.          Satisfaction and Discharge
of Indenture. This Indenture shall upon Issuer Request and at the Issuer’s expense cease to be of further effect (except
as set forth in the last paragraph of this Section and as to surviving rights of registration of transfer or exchange of Notes
expressly provided for herein or pursuant hereto) and the Trustee, at the expense of the Issuer, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture when:

 

(1)          
either,

 

(A)          all
Notes theretofore authenticated and delivered (other than (i) Notes which have been destroyed, lost or stolen and which have been
replaced or paid as provided in Section 306 and (ii) Notes for whose payment money has theretofore been deposited in trust with
the Trustee or any Paying Agent or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged
from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or

 

(B)           all
such Notes not theretofore delivered to the Trustee for cancellation,

 

(i)          
have become due and payable by reason of the making of a notice of redemption pursuant to Section 1105 or otherwise, or

 

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

 

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

 

and
the Issuer or any Guarantor, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with
the Trustee as trust funds in trust solely for the benefit of the Holders of the Notes, cash in U.S. dollar, U.S. dollar-denominated
Government Securities, or a combination thereof, in such amounts as will be sufficient without consideration of any reinvestment
of interest to pay and discharge the entire indebtedness on such Notes not theretofore delivered to the Trustee for cancellation,
for principal, premium, if any and accrued interest to the Stated Maturity or Redemption Date, as the case may be;

 

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(2)          
no Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit and any
similar and simultaneous deposit relating to other Indebtedness and, in each case, the granting of Liens in connection therewith)
with respect to this Indenture or the Notes issued hereunder shall have occurred and be continuing on the date of such deposit
or shall occur as a result of such deposit and such deposit shall not result in a breach or violation of, or constitute a default
under the Senior Credit Facilities or any other material agreement or instrument (other than this Indenture) to which the Issuer
or any Guarantor is a party or by which the Issuer or any Guarantor is bound (other than that resulting from borrowing funds to
be applied to make such deposit and any similar and simultaneous deposit relating to other Indebtedness and, in each case, the
granting of Liens in connection therewith);

 

(3)          
the Issuer has paid or caused to be paid all sums payable by it under this Indenture;

 

(4)          
the Issuer has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward
the payment of such Notes at the Stated Maturity or the Redemption Date, as the case may be; and

 

(5)          
the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein to the satisfaction and discharge of this Indenture have been satisfied.

 

Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Issuer to the Trustee under Section 607, the obligations
of the Issuer to any Authenticating Agent under Section 612 and, if money or Government Securities shall have been deposited with
the Trustee pursuant to subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the
last paragraph of Section 1003 shall survive such satisfaction and discharge.

 

SECTION
402.          Application of Trust Money.
Subject to the provisions of the last paragraph of Section 1003, all money or U.S. dollar-denominated Government Securities deposited
with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Notes
and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own Paying
Agent) of the principal (and premium, if any) and interest for whose payment such money or U.S. dollar-denominated Government
Securities has been deposited with the Trustee; but such money or U.S. dollar-denominated Government Securities need not be segregated
from other funds except to the extent required by law.

 

If
the Trustee or Paying Agent is unable to apply any money or U.S. dollar-denominated Government Securities in accordance with Section
401 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, the Issuer’s and any Guarantor’s obligations under this Indenture
and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 401 until such time as the
Trustee or Paying Agent is permitted to apply all such money or U.S. dollar-denominated Government Securities in accordance with
Section 401; provided that if the Issuer has made any payment of principal of (and premium, if any) or interest on any
Notes because of the reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes
to receive such payment from the money or U.S. dollar-denominated Government Securities held by the Trustee or Paying Agent.

 

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ARTICLE
Five

REMEDIES

 

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

 

(1)          
default in payment when due and payable, upon redemption, acceleration or otherwise, of principal of, or premium, if any,
on the Notes issued under this Indenture;

 

(2)          
default for 30 days or more in the payment when due of interest on or with respect to the Notes issued under this Indenture;

 

(3)          
failure by the Issuer or any Restricted Subsidiary for 60 days after the receipt of written notice given by the Trustee
or the Holders of not less than 30% in principal amount of the Notes then outstanding (with a copy to the Trustee) to comply with
any of its obligations, covenants or agreements (other than a default referred to in clauses (1) and (2) above) contained in this
Indenture or the Notes;

 

(4)          
default under any mortgage, indenture or instrument under which there is issued or by which there is secured or evidenced
any Indebtedness for money borrowed by the Issuer or any Restricted Subsidiary or the payment of which is guaranteed by the Issuer
or any Restricted Subsidiary, other than Indebtedness owed to the Issuer or any Restricted Subsidiary, whether such Indebtedness
or guarantee now exists or is created after the issuance of the Notes, if both

 

(A)          such
default either results from the failure to pay any principal of such Indebtedness at its stated final maturity (after giving effect
to any applicable grace periods) or relates to an obligation other than the obligation to pay principal of any such Indebtedness
at its stated final maturity and results in the holder or holders of such Indebtedness causing such Indebtedness to become due
prior to its stated maturity and

 

(B)           the
principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in default for failure
to pay principal at stated final maturity (after giving effect to any applicable grace periods), or the maturity of which has
been so accelerated, aggregate $50.0 million or more at any one time outstanding;

 

(5)          
failure by the Issuer or any Significant Subsidiary to pay final judgments aggregating in excess of $50.0 million (net
of amounts covered by insurance policies issued by reputable insurance companies), which final judgments remain unpaid, undischarged
and unstayed for a period of more than 60 days after such judgment becomes final, and in the event such judgment is covered by
insurance, an enforcement proceeding has been commenced by any creditor upon such judgment or decree which is not promptly stayed;

 

(6)          
any of the following events with respect to the Issuer or any Significant Subsidiary:

 

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(A)          the
Issuer or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law:

 

(i)          commences
a voluntary case;

 

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

 

(iii)        consents
to the appointment of a custodian of it or for any substantial part of its property;

 

(iv)        takes
any comparable action under any foreign laws relating to insolvency; or

 

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

 

(i)          
is for relief against the Issuer or any Significant Subsidiary in an involuntary case;

 

(ii)        
appoints a custodian of the Issuer or any Significant Subsidiary or for any substantial part of its property; or

 

(iii)       
orders the winding up or liquidation of the Issuer or any Significant Subsidiary;

 

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

 

(7)          
the Guarantee of any Guarantor that is a Significant Subsidiary shall for any reason cease to be in full force (except
as contemplated by the terms thereof or hereof) and effect or be declared null and void or any responsible officer of any Guarantor
that is a Significant Subsidiary denies that it has any further liability under its Guarantee or gives written notice to such
effect, other than by reason of the termination of the related Indenture or the release of any such Guarantee in accordance with
this Indenture.

 

SECTION
502.          Acceleration of Maturity;
Rescission and Annulment.

 

(a)          
If any Event of Default (other than an Event of Default specified in Section 501(6) above with respect to the Issuer) occurs
and is continuing, the Trustee or the Holders of at least 30% in principal amount of the Outstanding Notes issued under this Indenture
may declare the principal, premium, if any, interest and any other monetary obligations on all the Outstanding Notes to be due
and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders).

 

(b)          
Upon the effectiveness of a declaration under 502(a), such principal and interest will be due and payable immediately.
Notwithstanding the foregoing, in the case of an Event of Default arising under Section 501(6) with respect to the Issuer, all
Outstanding Notes will become due and payable without further action or notice. The Trustee may withhold from the Holders notice
of any continuing Default or Event of Default, except a Default or Event of Default relating to the payment of principal, premium,
if any, or interest, if it determines that withholding notice is in their interest. In addition, the Trustee shall have no obligation
to accelerate the Notes if in the reasonable judgment of the Trustee acceleration is not in the best interest of the Holders of
the Notes.

 

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(c)          
At any time after a declaration of acceleration has been made and before a judgment or decree for payment of the money
due has been obtained by the Trustee as hereinafter provided in this Article, the Holders of a majority in aggregate principal
amount of the Outstanding Notes, by written notice to the Issuer and the Trustee, may rescind and annul such declaration and its
consequences, so long as such recission and annulment would not conflict with any judgment of a court of competent jurisdiction,
if:

 

(1)          
the Issuer has paid or deposited with the Trustee a sum sufficient to pay:

 

(A)         
all overdue interest on all Outstanding Notes,

 

(B)          
all unpaid principal of (and premium, if any, on) any Outstanding Notes which has become due otherwise than by such declaration
of acceleration, and interest on such unpaid principal at the rate borne by the Notes,

 

(C)          
to the extent that payment of such interest is lawful, interest on overdue interest at the rate borne by the Notes, and

 

(D)         
all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel; and

 

(2)          
Events of Default, other than the non payment of amounts of principal of (or premium, if any, on) or interest on Notes,
which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513,

 

no
such rescission shall affect any subsequent default or impair any right consequent thereon.

 

(d)          
Notwithstanding the preceding paragraph, in the event of any Event of Default specified in Section 501(4) above, such Event
of Default and all consequences thereof (excluding any resulting payment default, other than as a result of acceleration of the
Notes) shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders, if within
20 days after such Event of Default arose,

 

(1)          
the Indebtedness or guarantee that is the basis for such Event of Default has been discharged, or

 

(2)          
the holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such
Event of Default, or

 

(3)          
if the default that is the basis for such Event of Default has been cured.

 

SECTION
503.          Collection of Indebtedness and Suits for Enforcement by Trustee.
The Issuer covenants that if:

 

(1)          
default is made in the payment of any installment of interest on any Note when such interest becomes due and payable and
such default continues for a period of 30 days, or

 

(2)          
default is made in the payment of the principal of (or premium, if any, on) any Note at the Maturity thereof, the Issuer
will, upon demand of the Trustee, pay to the Trustee for the benefit of the Holders of such Notes, the whole amount then due and
payable on such Notes for principal (and premium, if any) and interest, and interest on any overdue principal (and premium, if
any) and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installment of interest,
at the rate borne by the Notes, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses
of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

 

    -52-

    	 

    

 

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

 

If
an Event of Default occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and
the rights of the Holders under this Indenture and the Guarantees by such appropriate judicial proceedings as the Trustee shall
deem necessary to protect and enforce any such rights, including seeking recourse against any Guarantor, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce
any other proper remedy, including seeking recourse against any Guarantor.

 

SECTION
504.          Trustee May File Proofs of Claim. In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to the Issuer or any other obligor including any Guarantor, upon the Notes or the property of the Issuer or
of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Notes shall then be due and
payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand
on the Issuer for the payment of overdue principal, premium, if any, or interest) shall be entitled and empowered, by intervention
in such proceeding or otherwise,

 

(1)          
to file and prove a claim for the whole amount of principal (and premium, if any) and interest owing and unpaid in respect
of the Notes and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel)
and of the Holders allowed in such judicial proceeding, and

 

(2)          
to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same;

 

and
any custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official in any such judicial proceeding is hereby
authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making
of such payments directly to the Holders, to pay the Trustee any amount due it for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607.

 

Nothing
herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or
to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. The Trustee may, on behalf of the
Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ committee or
other similar committee.

 

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

 

SECTION
506.          Application of Money Collected. Any money or property collected
by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and,
in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of the Notes
and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 

FIRST:
To the payment of all amounts due the Trustee (including any predecessor Trustee) under Section 607;

 

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

 

THIRD:
The balance, if any, to the Issuer or as a court of competent jurisdiction may direct in writing; provided that all sums
due and owing to the Holders and the Trustee have been paid in full as required by this Indenture.

 

The
Trustee may fix a record date and payment date for any payment to Holders of Notes pursuant to this Section 506.

 

SECTION
507.          Limitation on Suits. Except to enforce the right to receive
payment of principal, premium, if any, or interest when due, no Holder of a Note shall pursue any remedy with respect to this
Indenture or the Notes, unless:

 

(1)          
such Holder has previously given the Trustee written notice that an Event of Default is continuing;

 

(2)          
Holders of at least 30% in principal amount of the outstanding Notes have requested the Trustee to pursue the remedy;

 

(3)          
such Holders have offered the Trustee security or indemnity satisfactory to it against any loss, liability or expense;

 

(4)          
the Trustee has not complied with such request within 60 days after the receipt thereof and the offer of security or indemnity
satisfactory to it against any loss, liability or expense; and

 

(5)          
Holders of a majority in principal amount of the outstanding Notes have not given the Trustee a direction inconsistent
with such request within such 60-day period,

 

it
being understood and intended that no one or more Holders shall have any right in any manner whatever by virtue of, or by availing
of, any provision of this Indenture or the Guarantees to affect, disturb or prejudice the rights of any other Holders, or to obtain
or to seek to obtain priority or preference over any other Holders or to enforce any right under this Indenture or the Guarantees,
except in the manner herein provided and for the equal and ratable benefit of all the Holders (it being further understood that
the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial
to such Holders).

 

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SECTION
508.          Unconditional Right of Holders to Receive Principal, Premium
and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Note shall have the right, which is
absolute and unconditional, to receive payment, as provided herein (including, if applicable, Article Eleven) and in such Note
of the principal of (and premium, if any) and (subject to Section 307) interest on such Note on the respective Stated Maturities
expressed in such Note (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any
such payment on or after such respective dates, and such rights shall not be impaired without the consent of such Holder.

 

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

 

SECTION
510.          Rights and Remedies Cumulative.
Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in the last
paragraph of Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to
be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and
in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment
of any other appropriate right or remedy.

 

SECTION
511.          Delay or Omission Not
Waiver. No delay or omission of the Trustee or of any Holder of any Note to exercise any right or remedy accruing upon any
Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to
time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

 

SECTION
512.          Control by Holders.
The Holders of not less than a majority in principal amount of the Outstanding Notes shall have the right to direct the time,
method and place of conducting any proceeding for any remedy available to the Trustee, or of exercising any trust or power conferred
on the Trustee with respect to the Notes; provided that:

 

(1)          
such direction shall not be in conflict with any rule of law or with this Indenture, and such Holders have complied with
Section 603(6),

 

(2)          
the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and

 

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(3)          
the Trustee need not take any action which might involve it in personal liability or be unjustly prejudicial to the Holders
not consenting.

 

SECTION
513.          Waiver of Past Defaults.
Subject to Sections 508 and 902, the Holders of not less than a majority in principal amount of the Outstanding Notes by written
notice to the Trustee may on behalf of the Holders of all such Notes waive any existing Default or Event of Default and its consequences
hereunder (except (1) a continuing Default or Event of Default in the payment of interest on, premium, if any, or the principal
of any such Note held by a non-consenting Holder, or (2) in respect of a covenant or provision hereof or in any Guarantee which
under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Note affected which shall
require the consent of all Holder of the Notes) and rescind any acceleration and its consequences with respect to the Notes; provided
such rescission would not conflict with any judgment of a court of competent jurisdiction.

 

Upon
any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured,
for every purpose of this Indenture, but no such waiver shall extend to any subsequent or other Default or Event of Default or
impair any right consequent thereon.

 

SECTION
514.          Waiver of Stay or Extension
Laws. Each of the Issuer, the Guarantors and any other obligor on the Notes covenants (to the extent that it may lawfully
do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage
of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance
of this Indenture; and each of the Issuer, the Guarantors and any other obligor on the Notes (to the extent that it may lawfully
do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede
the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though
no such law had been enacted.

 

SECTION
515.          Undertaking for Costs.

 

In
any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken
or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking
to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorney's fees
and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses
made by the party litigant. This Section 515 does not apply to a suit by the Trustee, a suit by a Holder relating to right to
payment hereof, or a suit by Holders of more than 10% in principal amount of the then Outstanding Notes.

 

ARTICLE
Six

THE TRUSTEE

 

SECTION
601.          Duties of the Trustee.

 

(a)          
Except during the continuance of an Event of Default,

 

(1)          
the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and
no implied covenants or obligations shall be read into this Indenture against the Trustee; and

 

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(2)          
in the absence of bad faith, gross negligence or willful misconduct on its part, the Trustee may conclusively rely, as
to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished
to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions specifically
required by any provision hereof to be provided to it, the Trustee shall be under a duty to examine the same to determine whether
or not they conform to the requirements of this Indenture, but not to verify the contents thereof.

 

(b)          
If an Event of Default has occurred and is continuing of which a Responsible Officer has actual knowledge or of which written
notice of such Event of Default shall have been given to a Responsible Officer by the Issuer, any other obligor of the Notes or
by Holders of at least 25% of the aggregate principal amount of the Notes, the Trustee shall exercise such of the rights and powers
vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent Person would exercise
or use under the circumstances in the conduct of such Person’s own affairs.

 

(c)          
No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its
own negligent failure to act, or its own willful misconduct, except that

 

(1)          
this paragraph (c) shall not be construed to limit the effect of paragraph (a) of this Section;

 

(2)          
the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Agent, unless
it shall be proved in a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and

 

(3)          
the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in aggregate principal amount of the Outstanding Notes relating to the time, method
and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon
the Trustee, under this Indenture;

 

(d)          
Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the
liability of or affording protection to the Trustee shall be subject to the provisions of this Section.

 

(e)          
No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers vested in it by
this Indenture, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such
risk or liability is not reasonably assured to it.

 

SECTION
602.          Notice of Defaults.
Within 90 days after the earlier of receipt from the Issuer of notice of the occurrence of any Default or Event of Default hereunder
or the date when such Default or Event of Default becomes known to the Trustee, the Trustee shall transmit notice of such Default
or Event of Default hereunder known to the Trustee, unless such Default or Event of Default shall have been cured or waived; provided
that, except in the case of a Default or Event of Default in the payment of the principal of (or premium, if any, on) or interest
on any Note, the Trustee shall be protected in withholding such notice if and so long as Responsible Officers of the Trustee in
good faith determines that the withholding of such notice is in the best interest of the Holders.

 

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SECTION
603.          Certain Rights of Trustee.

 

(1)          
the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document (whether in original or facsimile form) believed by it to be genuine and to
have been signed or presented by the proper party or parties;

 

(2)          
any request or direction of the Issuer mentioned herein shall be sufficiently evidenced by an Issuer Request or Issuer
Order and any resolution of the Board of Directors may be sufficiently evidenced by a certified Board Resolution and an Opinion
of Counsel;

 

(3)          
whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established
prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed)
may, in the absence of bad faith on its part, conclusively rely upon an Officer’s Certificate or Opinion of Counsel;

 

(4)          
the Trustee shall not be charged with knowledge of any fact, Default or Event of Default with respect to the Notes unless
either (i) a Responsible Officer shall have actual knowledge of such Default or Event of Default or (ii) written notice of such
fact, Default or Event of Default shall have been received by a Responsible Officer and references this Indenture and the Notes.
Delivery of reports to the Trustee pursuant to Section 1009 shall not constitute knowledge of, or notice to, the Trustee of the
information contained therein;

 

(5)          
the Trustee may consult with counsel of its own selection and the advice of such counsel or any Opinion of Counsel shall
be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good
faith and in accordance with the advice or opinion of such counsel or Opinion of Counsel;

 

(6)          
the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders of the Notes pursuant to this Indenture, unless such Holders shall have offered to
the Trustee security or indemnity satisfactory to it against any loss, liability or expense;

 

(7)          
the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness
or other paper or document, or inquire as to the performance by the Issuer or the Guarantors of any of their covenants in this
Indenture or inquire as to the performance by the Issuer or the Guarantors of any of their covenants in this Indenture, but the
Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and,
if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records
and premises of the Issuer, personally or by agent or attorney at the expense of the Issuer and shall incur no liability of any
kind by reason of such inquiry or investigation;

 

(8)          
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent
or attorney appointed with due care by it hereunder;

 

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(9)          
the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this Indenture;

 

(10)        
the rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder whether as an Agent or otherwise,
and each agent, custodian and other Person employed to act hereunder;

 

(11)        
the Trustee may request that the Issuer deliver an Incumbency Certificate substantially in the form of Exhibit B hereto
setting forth the names of individuals or titles of officers authorized at such time to take specified actions pursuant to this
Indenture, which Incumbency Certificate may be signed by any person authorized to sign an Officer’s Certificate, including
any person specified as so authorized in any such certificate previously delivered and not superseded;

 

(12)        
the Trustee shall not be required to give any note, bond or surety in respect of the execution of the trusts and powers
under this Indenture;

 

(13)        
in no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder
arising out of or caused by, directly or indirectly, forces beyond its reasonable control, including, without limitation, acts
of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or
malfunction of utilities, third-party communications or computer (software and hardware) services; it being understood that the
Trustee shall use reasonable efforts which are consistent with accepted practices to resume performance as soon as practicable
under the circumstances;

 

(14)        
the permissive right of the Trustee to take actions permitted by this Indenture shall not be construed as an obligation
or duty to do so; and

 

(15)        
in no event shall the Trustee be responsible or liable for special, punitive, indirect, or consequential loss or damage
of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of
the likelihood of such loss or damage and regardless of the form of action except that it shall be liable for damages that arise
out of the Trustee’s gross negligence, bad faith or willful misconduct.

 

SECTION
604.          Trustee Not Responsible
for Recitals or Issuance of Notes. The recitals contained herein and in the Notes, except for the Trustee’s certificates
of authentication, shall be taken as the statements of the Issuer, and neither the Trustee nor any Agent assumes responsibility
for their correctness. Neither the Trustee nor any Agent makes representations as to the validity or sufficiency of this Indenture
or of the Notes, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate
the Notes and perform its obligations hereunder. Neither the Trustee nor any Agent shall be accountable for the use or application
by the Issuer of Notes or the proceeds thereof or the Offering Document or any other documents used in connection with the sale
or distribution of the Notes.

 

SECTION
605.          May Hold Notes. The
Trustee, any Paying Agent, any Note Registrar or any other agent of the Issuer or of the Trustee, in its individual or any other
capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuer with the same rights it would have if
it were not the Trustee, Paying Agent, Note Registrar or such other agent; provided, that, if it acquires any “conflicting
interest” (within the meaning of TIA Section 310(b)), it must eliminate such conflict within 90 days, apply to the SEC for
permission to continue or resign.

 

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SECTION
606.          Money Held in Trust.
Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The
Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with
the Issuer.

 

SECTION
607.          Compensation and Reimbursement.
The Issuer and the Guarantors, jointly and severally, agree:

 

(1)          
to pay to the Trustee from time to time such compensation as shall be agreed in writing between the Issuer and the Trustee
for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation
of a trustee of an express trust);

 

(2)          
except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation
and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as shall be determined
to have been caused by its own negligence, bad faith or willful misconduct; and

 

(3)          
to indemnify the Trustee and any predecessor Trustee for, and to hold it harmless against, any and all loss, liability,
claim, damage or expense, including taxes (other than the taxes based on the income of the Trustee) incurred without negligence,
bad faith or willful misconduct on its part, arising out of or in connection with the acceptance or administration of this trust,
including the reasonable costs and expenses of defending itself against any claim regardless of whether the claim is asserted
by the Issuer, a Guarantor, a Holder or any other Person or liability in connection with the exercise or performance of any of
its powers or duties hereunder, including the reasonable costs and expenses of enforcing this Indenture or a Guarantee against
the Issuer or a Guarantor (including this Section 607).

 

The
obligations of the Issuer and the Guarantors under this Section to compensate the Trustee, to pay or reimburse the Trustee for
expenses, disbursements and advances and to indemnify and hold harmless the Trustee shall constitute additional indebtedness hereunder
and shall survive the satisfaction and discharge of this Indenture and resignation or removal of the Trustee. As security for
the performance of such obligations of the Issuer, the Trustee shall have a claim prior to the Notes upon all property and funds
held or collected by the Trustee as such, except funds held in trust solely for the benefit of the Holders entitled thereto for
the payment of principal of (and premium, if any) or interest on particular Notes.

 

When
the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 501(6), the expenses
(including the reasonable charges and expenses of its counsel) of and the compensation for such services are intended to constitute
expenses of administration under any applicable Bankruptcy Law. “Trustee” for the purposes of this Section 607
shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other
person employed to act hereunder as permitted by this Indenture; provided, however, that the negligence or willful
misconduct of any predecessor Trustee hereunder shall not affect the rights of any other successor Trustee hereunder (other than
a successor Trustee that is successor by merger or consolidation to such predecessor Trustee).

 

The
provisions of this Section shall survive the satisfaction and discharge of this Indenture and resignation or removal of the Trustee.

 

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SECTION
608.          Corporate Trustee Required;
Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1)
and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least
annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia supervising or examining
authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall
cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the
effect hereinafter specified in this Article.

 

SECTION
609.          Resignation and Removal;
Appointment of Successor.

 

(a)          
No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become
effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section
610.

 

(b)          
The Trustee may resign at any time by giving written notice thereof to the Issuer. Upon receiving such notice of resignation,
the Issuer shall promptly appoint a successor trustee by written instrument, a copy of which shall be delivered to the resigning
Trustee and a copy to the successor Trustee. If the instrument of acceptance by a successor Trustee required by Section 610 shall
not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may
petition, at the expense of the Issuer, any court of competent jurisdiction for the appointment of a successor Trustee.

 

(c)          
The Trustee may be removed at any time by Act of the Holders of not less than a majority in principal amount of the Outstanding
Notes, delivered to the Trustee and to the Issuer. If the instrument of acceptance by a successor Trustee required by Section
610 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning
Trustee may petition, at the expense of the Issuer, any court of competent jurisdiction for the appointment of a successor Trustee.

 

(d)          
The Trustee shall comply with TIA Section 310(b); provided that, there shall be excluded from the operation of TIA
Section 310(b)(1) any indenture or indentures under which other securities or certificates of interest or participation in other
securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA Section 310(b)(1) are met.

 

(e)          
If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee
for any cause, the Issuer shall promptly appoint a successor Trustee. If, within one year after such resignation, removal or incapability,
or the occurrence of such vacancy, a successor Trustee shall be appointed by Act of the Holders of a majority in principal amount
of the Outstanding Notes delivered to the Issuer and the retiring Trustee, the successor Trustee so appointed shall, forthwith
upon its acceptance of such appointment, become the successor Trustee and supersede the successor Trustee appointed by the Issuer.
If no successor Trustee shall have been so appointed by the Issuer or the Holders and accepted appointment in the manner hereinafter
provided, any Holder who has been a bona fide Holder of a Note for at least six months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee.

 

(f)          
the Issuer shall give notice of each resignation and each removal of the Trustee and each appointment of a successor Trustee
to the Holders in the manner provided for in Section 107. Each notice shall include the name of the successor Trustee and the
address of its Corporate Trust Office.

 

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SECTION
610.          Acceptance of Appointment
by Successor.

 

(a)          
Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to the Issuer and to the retiring Trustee
an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective
and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee; but, on request of the Issuer or the successor Trustee, such retiring Trustee shall, upon
payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts
of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such
retiring Trustee hereunder. Upon request of any such successor Trustee, the Issuer shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts.

 

(b)          
No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be
qualified and eligible under this Article.

 

SECTION
611.          Merger, Conversion, Consolidation
or Succession to Business. Any corporation into which the Trustee may be merged or converted or with which it may be consolidated,
or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation
succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder;
provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing
of any paper or any further act on the part of any of the parties hereto. In case any Notes shall have been authenticated, but
not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee
may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Trustee had itself
authenticated such Notes. In case at that time any of the Notes shall not have been authenticated, any successor Trustee may authenticate
such Notes either in the name of any predecessor hereunder or in the name of the successor Trustee. In all such cases such certificates
shall have the full force and effect which this Indenture provides for the certificate of authentication of the Trustee shall
have; provided that, the right to adopt the certificate of authentication of any predecessor Trustee or to authenticate
Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation.

 

SECTION
612.          Appointment of Authenticating
Agent. At any time when any of the Notes remain Outstanding, the Trustee may appoint one or more agents (each an “Authenticating
Agent”) with respect to the Notes which shall be authorized to act on behalf of the Trustee to authenticate Notes and
the Trustee shall give written notice of such appointment to all Holders of Notes with respect to which such Authenticating Agent
will serve, in the manner provided for in Section 107. Notes so authenticated shall be entitled to the benefits of this Indenture
and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be
evidenced by an instrument in writing signed by an authorized signatory of the Trustee, and a copy of such instrument shall be
promptly furnished to the Issuer. Wherever reference is made in this Indenture to the authentication and delivery of Notes by
the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and
delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee
by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Issuer.

 

Any
corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation
succeeding to all or substantially all the corporate agency or corporate trust business of an Authenticating Agent, shall continue
to be an Authenticating Agent; provided such corporation shall be otherwise eligible under this Section, without the execution
or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent.

 

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An
Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Issuer. The Trustee may
at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and
to the Issuer. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Issuer and shall give written notice of such appointment to all Holders of Notes, in the
manner provided for in Section 107. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become
vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating
Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section.

 

The
Issuer agrees to pay to each Authenticating Agent from time to time such compensation for its services under this Section as shall
be agreed in writing between the Issuer and such Authenticating Agent.

 

If
an appointment is made pursuant to this Section, the Notes may have endorsed thereon, in addition to the Trustee’s certificate
of authentication, an alternate certificate of authentication in the following form:

 

This
is one of the Notes designated therein referred to in the within-mentioned Indenture.

 

	 	 	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION

     as Trustee
	 	 	 	 	 
	Date:	 	 	By: 	 
	 	 	 	 	  as Authenticating
    Agent

 

ARTICLE
Seven

HOLDERS LISTS AND REPORTS BY TRUSTEE AND ISSUER

 

SECTION
701.          Issuer to Furnish Trustee
Names and Addresses. The Issuer will furnish or cause to be furnished to the Trustee:

 

(1)          
semiannually, not more than 10 days after each Regular Record Date, a list, in such form as the Trustee may reasonably
require, of the names and addresses of the Holders as of such Regular Record Date; and

 

(2)          
at such other times as the Trustee may reasonably request in writing, within 30 days after receipt by the Issuer of any
such request, a list of similar form and content to that in clause (1) hereof as of a date not more than 15 days prior to the
time such list is furnished;

 

provided
that, if and so long as the Trustee shall be a Note Registrar, no such list need be furnished.

 

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SECTION
702.          Reports by Trustee.

 

Within
60 days after December 31 of each year commencing with December 31, 2013, the Trustee shall transmit to the Holders of Notes (with
a copy to the Issuer at the address specified in Section 106), in the manner and to the extent provided in TIA Section 313(c),
a brief report dated as of such December 31 that complies with TIA Section 313(a). The Trustee also shall comply with TIA Section
313(b). A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock
exchange, if any, upon which the Notes are listed, with the Commission and with the Issuer. The Issuer will promptly notify the
Trustee in writing when the Notes are listed on any stock exchange and any delisting thereof.

 

ARTICLE
Eight

MERGER, CONSOLIDATION OR SALE

OF ALL OR SUBSTANTIALLY ALL ASSETS

 

SECTION
801.          Issuer May Consolidate,
Etc., Only on Certain Terms.

 

(a)          
The Issuer will not consolidate or merge with or into or wind up into (whether or not the Issuer is the surviving corporation),
or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets, in one
or more related transactions, to any Person unless:

 

(1)          
the Issuer is the surviving Person or the Person formed by or surviving any such consolidation or merger (if other than
the Issuer) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a Person
organized or existing under the laws of the United States, any state or territory thereof, or the District of Columbia (such Person,
as the case may be, being herein called the “Successor Company”);

 

(2)          
the Successor Company, if other than the Issuer, expressly assumes all the obligations of the Issuer under this Indenture
and the Notes pursuant to supplemental indentures or other documents or instruments in form reasonably satisfactory to the Trustee;

 

(3)          
immediately after such transaction, no Default exists;

 

(4)          
immediately after giving pro forma effect to such transaction and any related financing transactions, as if such
transactions had occurred at the beginning of the Applicable Measurement Period,

 

(A)             
the Successor Company would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge
Coverage Ratio test set forth in Section 1011(a) or

 

(B)             
the Fixed Charge Coverage Ratio for the Successor Company and the Restricted Subsidiaries would be equal to or greater
than the Fixed Charge Coverage Ratio for the Issuer and the Restricted Subsidiaries immediately prior to such transaction;

 

(5)          
each Guarantor, unless it is the other party to the transactions described above, in which case Section 802(1)(B) below
shall apply, shall have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under
this Indenture and the Notes; and

 

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(6)          
the Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
such consolidation, merger or transfer and such supplemental indentures, if any, comply with this Indenture and an Opinion of
Counsel stating that the Notes and this Indenture, as applicable, constitute valid and binding obligations of the Issuer, subject
to customary exceptions.

 

(b)          
The Successor Company shall succeed to, and be substituted for, the Issuer under this Indenture and the Notes and the Issuer
will automatically be released and discharged from its obligations under this Indenture and the Notes. Notwithstanding clauses
(3) and (4) of Section 801(a).

 

(1)          
any Restricted Subsidiary may consolidate with, merge into or sell, assign, transfer, lease, convey or otherwise dispose
of all or part of its properties and assets to the Issuer or any Restricted Subsidiary; and

 

(2)          
the Issuer may merge with an Affiliate of the Issuer solely for the purpose of reincorporating the Issuer in any state
or territory of the United States or the District of Columbia so long as the amount of Indebtedness of the Issuer and the Restricted
Subsidiaries is not increased thereby.

 

SECTION
802.          Guarantors May Consolidate,
Etc., Only on Certain Terms. Subject to Section 1208, no Guarantor shall, and the Issuer shall not permit any such Guarantor
to, consolidate or merge with or into or wind up into (whether or not such Guarantor is the surviving Person), or sell, assign,
transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets, in one or more related transactions,
to any Person unless:

 

(1)          
(A)  such Guarantor is the surviving Person or the Person formed by or surviving any such consolidation or merger
(if other than such Guarantor) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have
been made is a Person organized or existing under the laws of the United States, any state or any territory thereof or the District
of Columbia (such Guarantor or such Person, as the case may be, being herein called the “Successor Person”);

 

(B)             
the Successor Person, if other than such Guarantor, expressly assumes all the obligations of such Guarantor under this
Indenture and such Guarantor’s related Guarantee pursuant to supplemental indentures or other documents or instruments in
form reasonably satisfactory to the Trustee;

 

(C)             
immediately after such transaction, no Default exists; and

 

(D)             
the Issuer shall have delivered to the Trustee an Officer’s Certificate and an opinion of counsel, each stating that
such consolidation, merger or transfer and such supplemental indentures, if any, comply with this Indenture and an Opinion of
Counsel stating that the Indenture and Guarantees, as applicable, constitute valid and binding obligations of the applicable Guarantor,
subject to customary exceptions; or

 

(2)          
the transaction is an Asset Sale that is made in compliance with Section 1017.

 

Subject
to Section 1208, the Successor Person shall succeed to, and be substituted for, such Guarantor under this Indenture and such Guarantor’s
Guarantee and such Guarantor will automatically be released and discharged from its obligations under the Indenture and such Guarantor’s
Guarantee. Notwithstanding the foregoing, any Guarantor may (i) merge into or transfer all or part of its properties and assets
to another Guarantor or the Issuer, (ii) merge with an Affiliate of the Issuer solely for the purpose of reincorporating or reorganizing
the Guarantor in the United States, any state thereof, the District of Columbia or any territory thereof so long as the amount
of Indebtedness of the Issuer and its Restricted Subsidiaries is not increased thereby or (iii) convert into a Person organized
or existing under the laws of a jurisdiction in the United States.

 

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SECTION
803.          Successor Substituted.
Upon any consolidation or merger, or any sale, assignment, conveyance, transfer, lease or disposition of all or substantially
all of the assets of the Issuer or any Guarantor in accordance with Sections 801 and 802 hereof, the successor Person formed by
such consolidation or into which the Issuer or such Guarantor, as the case may be, is merged or the successor Person to which
such sale, assignment, conveyance, transfer, lease or disposition is made, shall succeed to, and be substituted for, and may exercise
every right and power of, the Issuer or such Guarantor, as the case may be, under this Indenture or the Guarantees, as the case
may be, with the same effect as if such successor Person had been named as the Issuer or such Guarantor, as the case may be, herein
or the Guarantees, as the case may be. When a successor Person assumes all obligations of its predecessor hereunder, the Notes
or the Guarantees, as the case may be, such predecessor shall be released from all obligations; provided that in the event
of a transfer or lease, the predecessor shall not be released from the payment of principal and interest or other obligations
on the Notes or the Guarantees, as the case may be.

 

ARTICLE
Nine

SUPPLEMENTAL INDENTURES

 

SECTION
901.          Amendments or Supplements
Without Consent of Holders. Without the consent of any Holder, the Issuer, any Guarantor (with respect to any amendment relating
to its Guarantee) and the Trustee, at any time and from time to time, may amend or supplement this Indenture, the Notes and any
related Guarantee, in form satisfactory to the Trustee, for any of the following purposes:

 

(1)          
to cure any ambiguity, omission, mistake, defect or inconsistency;

 

(2)          
to provide for uncertificated Notes in addition to or in place of certificated Notes;

 

(3)          
to comply with Article Eight hereof;

 

(4)          
to provide for the assumption of the Issuer’s or any Guarantor’s obligations to Holders;

 

(5)          
to make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect
the legal rights under this Indenture of any such Holder;

 

(6)          
to secure the notes or add covenants for the benefit of the Holders of Notes or to surrender any right or power conferred
upon the Issuer or any Guarantor;

 

(7)          
to evidence and provide for the acceptance and appointment under this Indenture of a successor Trustee pursuant to the
requirements of Sections 609 and 610 hereof;

 

(8)          
to provide for the issuance of Additional Notes, in accordance with this Indenture;

 

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(9)          
to add a Guarantor or a parent guarantor under this Indenture, provided that only the Trustee and the Guarantor
or parent guarantor being added need to sign any such supplement or amendment;

 

(10)        
to conform the text of this Indenture, Guarantees or the Notes to any provision of the “Description of the Notes”
section of the Offering Document to the extent that such provision in the “Description of the Notes” was intended to
be a verbatim recitation of a provision of this Indenture, the Guarantees or the Notes; or

 

(11)        
to amend the provisions of this Indenture relating to the transfer and legending of Notes as permitted by this Indenture,
including, without limitation, to facilitate the issuance and administration of the Notes; provided that, (A) compliance
with this Indenture as so amended would not result in Notes being transferred in violation of the Securities Act or any applicable
securities law and (B) such amendment does not materially and adversely affect the rights of Holders to transfer Notes.

 

SECTION
902.          Amendments, Supplements
or Waivers with Consent of Holders.

 

(a)          
With the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes, by Act of said
Holders delivered to the Issuer and the Trustee, the Issuer, any Guarantor (with respect to any Guarantee to which it is a party
or this Indenture) and the Trustee may amend or supplement this Indenture, any Guarantee or the Notes for the purpose of adding
any provisions hereto or thereto, changing in any manner or eliminating any of the provisions or of modifying in any manner the
rights of the Holders hereunder or thereunder (including consents obtained in connection with a purchase of, or tender offer or
exchange offer for, the Notes) and any existing Default or Event of Default or compliance with any provision of this Indenture
or the Notes may be waived with the consent of the Holders of not less than a majority in principal amount of the Outstanding
Notes, other than Notes beneficially owned by the Issuer or its Affiliates (including consents obtained in connection with a purchase
of or tender offer or exchange offer for Notes); provided that, without consent of the Holder of each Outstanding Note
affected thereby, no such amendment, supplement or waiver shall, with respect to any Notes held by a non-consenting Holder:

 

(1)          
reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver,

 

(2)          
reduce the principal of or change the Maturity of any such Note or reduce the premium payable upon the redemption any Note
or change the time at which any Note may be redeemed pursuant to Section 1101,

 

(3)          
reduce the rate of or change the time for payment of interest on any Note,

 

(4)          
waive a Default or Event of Default in the payment of principal of or premium, if any, or interest on the Notes issued
under this Indenture, except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal
amount of the Notes and a waiver of the payment default that resulted from such acceleration, or in respect of a covenant or provision
contained in this Indenture or any guarantee which cannot be amended or modified without the consent of all Holders of the Notes,

 

(5)          
make any Note payable in money other than that stated in the Notes,

 

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(6)          
make any change in Section 513 or the rights of Holders of the Notes to receive payments of principal of or premium, if
any, or interest on the Notes,

 

(7)          
make any change in these amendment and waiver provisions,

 

(8)          
impair the right of any Holder to receive payment of principal of, or interest on such Holder’s Notes on or after
the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes,
or

 

(9)          
make any change to or modify the ranking of any Note or related Guarantee that would adversely affect the Holders of the
Notes.

 

(b)          
It shall not be necessary for the consent of Holders under this Section 902 to approve the particular form of any proposed
amendment or waiver, and it shall be sufficient if such consent approves the substance thereof.

 

(c)          
[Reserved]

 

(d)          
Neither the Issuer nor any of its Restricted Subsidiaries may, directly or indirectly, pay or cause to be paid any consideration
to or for the benefit of any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions
of this Indenture or the Notes unless such consideration is offered to be paid and is paid to all Holders (or in the case of an
exchange offer, exchanged with all Holders) that are “qualified institutional buyers” within the meaning of Rule 144A
of the Securities Act or Non-U.S. Persons, in each case, who, upon request, confirm that they are “qualified institutional
buyers” or Non-U.S. Persons and consent, waive or agree to amend in the time frame set forth in solicitation documents relating
to such consent, waiver or amendment.

 

SECTION
903.          Execution of Amendments,
Supplements or Waivers. In executing, or accepting the additional trusts created by, any amendment, supplement or waiver permitted
by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be provided with, and
shall be fully protected in relying upon, an Officer’s Certificate and (other than in the case of an amendment or supplement
for the purpose of adding a Guarantor or a parent guarantor under this Indenture in accordance with Section 901(9)) Opinion of
Counsel stating that the execution of such amendment, supplement or waiver is authorized and permitted by this Indenture and that
such amendment, supplement or waiver is the legal, valid and binding obligation of the Issuer and any Guarantors party thereto,
enforceable against them in accordance with its terms, subject to customary exceptions and qualifications, and complies with the
provisions hereof. Guarantors may, but shall not be required to, execute supplemental indentures that do not modify such Guarantor’s
Guarantee. The Trustee may, but shall not be obligated to, enter into any such amendment, supplement or waiver which affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 

SECTION
904.          Effect of Amendments,
Supplements or Waivers. Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified
in accordance therewith, and such amendment, supplement or waiver shall form a part of this Indenture for all purposes; and every
Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby.

 

SECTION
905.          [Reserved].

 

SECTION
906.          Reference in Notes to
Supplemental Indentures. Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this
Article may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for
in such supplemental indenture. If the Issuer shall so determine, new Notes so modified as to conform, in the opinion of the Trustee
and the Issuer, to any such supplemental indenture may be prepared and executed by the Issuer and authenticated and delivered
by the Trustee in exchange for Outstanding Notes.

 

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SECTION
907.          Notice of Supplemental
Indentures. Promptly after the execution by the Issuer, any Guarantor and the Trustee of any supplemental indenture pursuant
to the provisions of Section 902, the Issuer shall give notice thereof to the Holders of each Outstanding Note affected, in the
manner provided for in Section 107, setting forth in general terms the substance of such supplemental indenture.

 

ARTICLE
Ten

COVENANTS

 

SECTION
1001.        Payment of Principal, Premium, if
any, and Interest. The Issuer covenants and agrees for the benefit of the Holders that it will duly and punctually pay the
principal of (and premium, if any) and interest on the Notes in accordance with the terms of the Notes and this Indenture.

 

The
Issuer shall pay interest on overdue principal at the rate specified therefor in the Notes, and it shall pay interest on overdue
installments of interest at the same rate to the extent lawful.

 

SECTION
1002.        Maintenance of Office or Agency.
The Issuer will maintain in The City of New York, an office or agency where Notes may be presented or surrendered for payment,
where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Issuer in
respect of the Notes and this Indenture may be served. The designated office of the Trustee shall be such office or agency of
the Issuer in The City of New York, unless the Issuer shall designate and maintain some other office or agency for one or more
of such purposes. The Issuer will give prompt written notice to the Trustee of any change in the location of such office or agency.
If at any time the Issuer shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with
the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of
the Trustee, and the Issuer hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and
demands.

 

The
Issuer may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered
for any or all such purposes and may from time to time rescind any such designation; provided, that no such designation or rescission
shall in any manner relieve the Issuer of its obligation to maintain an office or agency in The City of New York. The Issuer will
give prompt written notice to the Trustee of any such designation or rescission and any change in the location of any such other
office or agency.

 

SECTION
1003.        Money for Notes Payments to Be Held
in Trust. If the Issuer shall at any time act as its own Paying Agent, it will, on or before each due date of the principal
of (or premium, if any) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto
a sum sufficient to pay the principal of (or premium, if any) or interest so becoming due until such sums shall be paid to such
Persons or otherwise disposed of as herein provided and will promptly notify the Trustee in writing of its action or failure so
to act.

 

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Whenever
the Issuer shall have one or more Paying Agents for the Notes, it will, on or before each due date of the principal of (or premium,
if any) or interest on any Notes in accordance with Section 1001, deposit with a Paying Agent a sum sufficient to pay the principal
(and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such
principal, premium or interest, and (unless such Paying Agent is the Trustee) the Issuer will promptly notify the Trustee in writing
of such action or any failure so to act.

 

Each
Paying Agent agrees:

 

(1)          
that it will hold all sums received by it as Paying Agent for the payment of the principal of or interest on any Notes
in trust for the benefit of the Holders or of the Trustee;

 

(2)          
that it will give the Trustee notice of any failure by the Issuer to make any payment of the principal of or interest on
any Notes and any other payments to be made by or on behalf of the Issuer under this Indenture or the Notes when the same shall
be due and payable; and

 

(3)          
that it will pay any such sums so held in trust by it to the Trustee forthwith upon the Trustee’s written request
at any time during the continuance of the failure referred to in clause (2) above.

 

the
Issuer may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose,
pay, or by Issuer Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Issuer or such Paying Agent,
such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Issuer or such Paying
Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability
with respect to such sums.

 

Any
money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of
(or premium, if any) or interest on any Note and remaining unclaimed for two years after such principal, premium or interest has
become due and payable shall be paid to the Issuer on Issuer Request, or (if then held by the Issuer) shall be discharged from
such trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Issuer for payment
thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer
as Trustee thereof, shall thereupon cease; provided, that the Trustee or such Paying Agent, before being required to make
any such repayment, may at the expense of the Issuer cause to be published once, in a newspaper published in the English language,
customarily published on each Business Day and of general circulation in the Borough of Manhattan, The City of New York, notice
that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date
of such publication, any unclaimed balance of such money then remaining will be repaid to the Issuer.

 

SECTION
1004.        Organizational Existence. Subject
to Article Eight, the Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its
organizational existence and that of each Restricted Subsidiary and the organizational rights (charter and statutory) and franchises
of the Issuer and each Restricted Subsidiary; provided, that the Issuer shall not be required to preserve any such right
or franchise if the Board of Directors of the Issuer shall determine that the preservation thereof is no longer desirable in the
conduct of the business of the Issuer and its Subsidiaries, taken as a whole.

 

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SECTION
1005.        Payment of Taxes and Other Claims.
The Issuer will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all taxes, assessments
and governmental charges levied or imposed upon the Issuer or any Subsidiary or upon the income, profits or property of the Issuer
or any Subsidiary and (2) all lawful claims for labor, materials and supplies, which, if unpaid, might by law become a lien upon
the property of the Issuer or any Subsidiary; provided, that the Issuer shall not be required to pay or discharge or cause
to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested
in good faith by appropriate proceedings and for which appropriate reserves, if necessary (in the good faith judgment of management
of the Issuer) are being maintained in accordance with GAAP. 

 

SECTION
1006.        Maintenance of Properties. The
Issuer will cause all properties owned by the Issuer or any Restricted Subsidiary or used or held for use in the conduct of its
business or the business of any Restricted Subsidiary to be maintained and kept in good condition, repair and working order and
supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof, all as in the judgment of the Issuer may be necessary so that the business carried on in connection therewith
may be properly and advantageously conducted at all times; provided, that nothing in this Section shall prevent the Issuer from
discontinuing the maintenance of any of such properties if such discontinuance is, in the judgment of the Issuer, desirable in
the conduct of its business or the business of any Restricted Subsidiary.

 

SECTION
1007.        Insurance. The Issuer will at
all times keep all of its and its Subsidiaries’ properties which are of an insurable nature insured with insurers, believed
by the Issuer to be responsible, against loss or damage to the extent that property of similar character is usually so insured
by corporations similarly situated and owning like properties.

 

SECTION
1008.        Statement by Officer as to Default.

 

(a)          
The Issuer will deliver to the Trustee within 120 days after the end of each fiscal year, an Officer’s Certificate
stating that a review of the activities of the Issuer and its Restricted Subsidiaries during the preceding fiscal year has been
made under the supervision of the signing officer with a view to determining whether it has kept, observed, performed and fulfilled,
and has caused each of its Restricted Subsidiaries to keep, observe, perform and fulfill its obligations under this Indenture
and further stating that, to the best of his or her knowledge, the Issuer during such preceding fiscal year has kept, observed,
performed and fulfilled, and has caused each of its Restricted Subsidiaries to keep, observe, perform and fulfill each and every
such covenant contained in this Indenture and no Default or Event of Default occurred during such year and at the date of such
certificate there is no Default or Event of Default which has occurred and is continuing or, if such signers do know of such Default
or Event of Default, the certificate shall describe its status, with particularity and that, to the best of his or her knowledge,
no event has occurred and remains by reason of which payments on the account of the principal of or interest, if any, on the Notes
is prohibited or if such event has occurred, a description of the event and what action each is taking or proposes to take with
respect thereto. The Officer’s Certificate shall also notify the Trustee should the Issuer elect to change the manner in
which it fixes its fiscal year-end. For purposes of this Section 1008(a), such compliance shall be determined without regard to
any period of grace or requirement of notice under this Indenture.

 

(b)          
When any Default or Event of Default has occurred and is continuing under this Indenture, the Issuer shall deliver to the
Trustee by registered or certified mail or facsimile transmission an Officer’s Certificate specifying such event, notice
or other action within ten Business Days of becoming aware of such occurrence.

 

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SECTION
1009.        Reports and Other Information.

 

(a)          
Whether or not the Issuer is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, so long
as any Notes are outstanding, the Issuer shall have its annual consolidated financial statements audited by a nationally recognized
firm of independent auditors and its interim consolidated financial statements reviewed by a nationally recognized firm of independent
auditors in accordance with Statement on Auditing Standards No. 100 issued by the American Institute of Certified Public
Accountants (or any similar replacement standard). In addition, so long as any Notes are outstanding, Issuer shall furnish to
the Holders:

 

(1)          
(x) all annual and quarterly financial statements that would be required to be contained in a filing with the SEC on Forms
10-K and 10-Q of the Issuer, if the Issuer were required to file such forms, plus a “Management’s Discussion and Analysis
of Financial Condition and Results of Operations”; (y) with respect to the annual and quarterly information, a presentation
of EBITDA and Adjusted EBITDA of the Issuer substantially consistent with the presentation thereof in the Offering Document and
derived from such financial information; and (z) with respect to the annual financial statements only, a report on the annual
financial statements by the Issuer’s independent registered public accounting firm; and

 

(2)          
all information that would be required to be contained in filings with the SEC on Form 8-K under Items 1.01 (including
furnishing any material debt agreements that would be required to be described in such Form 8-K), 1.02, 1.03, 2.01, 2.05, 2.06,
4.01, 4.02, 5.01 and 5.02(b) and (c) (other than with respect to information otherwise required or contemplated by Item 402 of
Regulation S-K) as in effect on the Issue Date if the Issuer were required to file such reports; provided, however,
that no such current report shall be required to include as an exhibit, or to include a summary of the terms of, any employment
or compensatory arrangement agreement, plan or understanding between the Issuer (or any of its subsidiaries) and any director,
manager or executive officer, of the Issuer (or any of its subsidiaries).

 

All
such annual reports shall be furnished within 90 days after the end of the fiscal year to which they relate, and all such quarterly
reports shall be furnished within 45 days after the end of the fiscal quarter to which they relate; provided that
the annual report for the fiscal year ending December 31, 2013 shall be furnished within 120 days after the end of such fiscal
year; and provided further that quarterly reports for each of the fiscal quarter ending prior to and the first two fiscal
quarters ending after the Issue Date shall be furnished within 75 days after the end of the fiscal quarter to which they relate.
All such current reports shall be furnished within the time periods specified in the SEC’s rules and regulations for reporting
companies under the Exchange Act.

 

The
Issuer shall make available such information and such reports (as well as the details regarding the conference call described
below) to the Trustee under this Indenture, to any Holder of the Notes and, upon request, to any beneficial owner of the Notes,
in each case by posting such information on its website, on Intralinks or any comparable password-protected online data system
which shall require a confidentiality acknowledgment, and shall make such information readily available to any prospective investor
in the Notes, any securities analyst (to the extent providing analysis of investment in the notes) or any market maker in the
Notes who (i) agrees to treat such information as confidential or (ii) accesses such information on Intralinks or any comparable
password-protected online data system which shall require a confidentiality acknowledgment; provided that the Issuer shall
post such information thereon and make readily available any password or other login information to any such prospective investor,
securities analyst or market maker. The Issuer shall hold a quarterly conference call for all Holders and securities analysts
(to the extent providing analysis of investment in the notes) to discuss such financial information (including a customary Q&A
session) no later than five (5) Business Days after distribution of such financial information; provided that the conference
call for the fiscal quarter ending prior to the Issue Date shall be held no later than ten Business Days after distribution of
the financial information for such quarter.

 

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(b)           The
Issuer shall provide S&P and Moody’s (and their respective successors) with information on a periodic basis as S&P
or Moody’s, as the case may be, shall reasonably require in order to maintain public ratings of the Notes. To the extent
not satisfied by the foregoing, the Issuer shall also furnish to Holders, securities analysts (to the extent providing analysis
of investment in the notes) and prospective investors in the Notes upon request the information required to be delivered pursuant
to Rule 144A(d)(4) under the Securities Act of 1933, as amended (the “Securities Act”), so long as the Notes
are not freely transferable under the Securities Act.

 

(c)            If
the Issuer has designated any of its Subsidiaries as an Unrestricted Subsidiary and if any such Unrestricted Subsidiary or group
of Unrestricted Subsidiaries, if taken together as one Subsidiary, would constitute a Significant Subsidiary of the Issuer, then
the annual and quarterly information required by clause (1) of the first paragraph of this covenant shall include a reasonably
detailed presentation, either on the face of the financial statements or in the footnotes thereto, of the financial condition
and results of operations of the Issuer and its Restricted Subsidiaries separate from the financial condition and results of operations
of such Unrestricted Subsidiaries.

 

(d)           Notwithstanding
the foregoing, the financial statements, information and other documents required to be provided as described above, may be those
of (i) the Issuer or (ii) any direct or indirect parent of the Issuer rather than those of the Issuer; provided that the
same is accompanied by consolidating information that explains in reasonable detail the differences between the information relating
to such parent, on the one hand, and the information relating to the Issuer and the Restricted Subsidiaries on a standalone basis,
on the other hand.

 

(e)           The
Issuer will be deemed to have furnished the reports referred to above in clause (a)(1) and (2) of this covenant if the Issuer
or any direct or indirect parent of the Issuer has filed reports containing such information with the SEC.

 

Delivery
of reports, information and documents to the Trustee is for informational purposes only and its receipt of such reports shall
not constitute constructive notice of any information contained therein or determinable from information contained therein, including
our compliance with any of our covenants under the Indenture or the notes (as to which the Trustee is entitled to rely exclusively
on Officer’s Certificates).

 

The
Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, our compliance with the covenants or
with respect to any reports or other documents filed with the SEC under the Indenture.

 

SECTION
1010.        Limitation on Restricted Payments.

 

(a)          
The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly:

 

(1)          
declare or pay any dividend or make any payment or distribution on account of the Issuer’s or any Restricted Subsidiary’s
Equity Interests, including any dividend or distribution payable in connection with any merger or consolidation, other than:

 

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(A)            
dividends or distributions by the Issuer payable in Equity Interests (other than Disqualified Stock) of the Issuer or in
options, warrants or other rights to purchase such Equity Interests; or

 

(B)             
dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or distribution payable on
or in respect of any class or series of securities issued by a Subsidiary other than a Wholly-Owned Subsidiary, the Issuer or
a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its Equity Interests
in such class or series of securities;

 

(2)          
purchase, redeem, defease or otherwise acquire or retire for value any Equity Interests of the Issuer or any direct or
indirect parent company of the Issuer, including in connection with any merger or consolidation, in each case held by a person
other than the Issuer or a Restricted Subsidiary;

 

(3)          
make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value in each case, prior
to any scheduled repayment, sinking fund payment or maturity, any Subordinated Indebtedness of the Issuer or any Restricted Subsidiary,
other than:

 

(A)            
Indebtedness permitted under clauses (7) and (8) of Section 1011(b); or

 

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

 

(4)          
make any Restricted Investment;

 

(all
such payments and other actions set forth in clauses (1) through (4) above (other than any exception thereto) being collectively
referred to as “Restricted Payments”), unless, at the time of such Restricted Payment:

 

(A)             
no Event of Default shall have occurred and be continuing or would occur as a consequence thereof (or, in the case of a
Restricted Investment, no Event of Default described under Section 501(1), (2) and (6) shall have occurred and be continuing or
would occur as a consequence thereof);

 

(B)             
except in the case of a Restricted Investment, immediately after giving effect to such transaction on a pro forma basis,
the Issuer could incur $1.00 of additional Indebtedness under Section 1011(a); and

 

(C)             
such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Issuer and the
Restricted Subsidiaries after the Issue Date (including Restricted Payments permitted by clauses (1), (2) (with respect to the
payment of dividends on Refunding Capital Stock (as defined below) pursuant to clause (B) thereof only), (6)(C) and (9) of Section
1010(b), but excluding all other Restricted Payments permitted by Section 1010(b)), is less than the sum of (without duplication):

 

(1)          
50% of the Consolidated Net Income of the Issuer for the period (taken as one accounting period) from the first day of
the fiscal quarter during which the Issue Date occurs to the end of the Issuer’s most recently ended fiscal quarter for which
internal financial statements are available at the time of such Restricted Payment, or, in the case such Consolidated Net Income
for such period is a deficit, minus 100% of such deficit, plus

 

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(2)          
100% of the aggregate net cash proceeds and the Fair Market Value of marketable securities or other property received by
the Issuer since immediately after the Issue Date (other than net cash proceeds to the extent such net cash proceeds have been
used to incur Indebtedness, Disqualified Stock or preferred stock pursuant to Section 1011(b)(12)(A) from the issue or sale of

 

(x)            Equity
Interests of the Issuer, including Retired Capital Stock (as defined below), but excluding cash proceeds and the Fair Market Value
of marketable securities or other property received from the sale of

 

(A)          Equity
Interests to any employee, director, manager or consultant of the Issuer, any direct or indirect parent company of the Issuer
and the Issuer’s Subsidiaries after the Issue Date to the extent such amounts have been applied to Restricted Payments made
in accordance with Section 1010(b)(4) and

 

(B)          Designated
Preferred Stock

 

and
to the extent such net cash proceeds are actually contributed to the Issuer, Equity Interests of any direct or indirect parent
company of the Issuer (excluding contributions of the proceeds from the sale of Designated Preferred Stock of such companies or
contributions to the extent such amounts have been applied to Restricted Payments made in accordance with Section 1010(b)(4) or

 

(y)           Indebtedness
of the Issuer or a Restricted Subsidiary that has been converted into or exchanged for such Equity Interests of the Issuer or
any direct or indirect parent company of the Issuer;

 

provided
that this clause (2) shall not include the proceeds from (a) Refunding Capital Stock (as defined below), (b) Equity Interests
(or Indebtedness that has been converted or exchanged for Equity Interests) of the Issuer sold to a Restricted Subsidiary or the
Issuer, as the case may be, (c) Disqualified Stock (or Indebtedness that has been converted or exchanged into Disqualified Stock)
or (d) Excluded Contributions, plus

 

(3)          
100% of the aggregate amount of cash and the Fair Market Value of marketable securities or other property contributed to
the capital of the Issuer or that becomes part of the capital of the Issuer or a Restricted Subsidiary through consolidation or
merger following the Issue Date (other than net cash proceeds to the extent such net cash proceeds (i) have been used to
incur Indebtedness, Disqualified Stock or preferred stock pursuant to Section 1011(b)(12)(A), (ii) are contributed by a Restricted
Subsidiary or (iii) constitute Excluded Contributions), plus

 

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(4)          
100% of the aggregate amount received in cash and the Fair Market Value of marketable securities or other property received
by means of:

 

(A)          the
sale or other disposition (other than to the Issuer or a Restricted Subsidiary) of Restricted Investments made by the Issuer and
the Restricted Subsidiaries and repurchases and redemptions of such Restricted Investments from the Issuer and the Restricted
Subsidiaries and repayments of loans or advances, and releases of guarantees, which constitute Restricted Investments made by
the Issuer or its Restricted Subsidiaries, in each case, after the Issue Date or

 

(B)          the
sale (other than to the Issuer or a Restricted Subsidiary) of the stock of an Unrestricted Subsidiary or a distribution from an
Unrestricted Subsidiary (other than in each case to the extent the Investment in such Unrestricted Subsidiary was made by the
Issuer or a Restricted Subsidiary pursuant to clause (7) of Section 1010(b) or to the extent such Investment constituted a Permitted
Investment) or a dividend from an Unrestricted Subsidiary after the Issue Date, plus

 

(5)          
in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary after the Issue Date, the Fair
Market Value of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary
as a Restricted Subsidiary, other than to the extent the Investment in such Unrestricted Subsidiary was made by the Issuer or
a Restricted Subsidiary pursuant to clause (7) of Section 1010(b) or to the extent such Investment constituted a Permitted Investment.

 

(b)          
The foregoing provisions shall not prohibit:

 

(1)          
the payment of any dividend or distribution or the consummation of any irrevocable redemption within 60 days after the
date of declaration thereof or the giving of such irrevocable notice, as applicable, if at the date of declaration or the giving
of such notice such payment would have complied with the provisions of this Indenture;

 

(2)          
(A) the redemption, repurchase, retirement or other acquisition of any Equity Interests (“Retired Capital Stock”)
or Subordinated Indebtedness of the Issuer or any Restricted Subsidiary, or any Equity Interests of any direct or indirect parent
company of the Issuer, in exchange for, or out of the proceeds of a sale (other than to a Restricted Subsidiary) made within 120
days of, Equity Interests of the Issuer or any direct or indirect parent company of the Issuer to the extent contributed to the
Issuer (in each case, other than any Disqualified Stock) (“Refunding Capital Stock”) and

 

(B)   if
immediately prior to the retirement of Retired Capital Stock, the declaration and payment of dividends thereon was permitted under
clause (6) of this Section 1010(b), the declaration and payment of dividends on the Refunding Capital Stock (other than Refunding
Capital Stock the proceeds of which were used to redeem, repurchase, retire or otherwise acquire any Equity Interests of any direct
or indirect parent company of the Issuer) in an aggregate amount per year no greater than the aggregate amount of dividends per
annum that was declarable and payable on such Retired Capital Stock immediately prior to such retirement;

 

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(3)          
the prepayment, exchange, redemption, defeasance, repurchase or other acquisition or retirement for value of (i) Subordinated
Indebtedness of the Issuer or a Restricted Subsidiary made in exchange for, or out of the proceeds of a sale made within 120 days
of, new Indebtedness of the Issuer, or a Restricted Subsidiary, or (ii) Disqualified Stock of the Issuer or a Restricted Subsidiary
made in exchange for, or out of the proceeds of a sale made within 120 days of, Disqualified Stock of the Issuer or a Restricted
Subsidiary, that, in each case is incurred in compliance with Section 1011 so long as:

 

(A)          the
principal amount (or accreted value, if applicable) of such new Indebtedness or the liquidation preference of such new Disqualified
Stock does not exceed the principal amount of (or accreted value, if applicable), plus any accrued and unpaid interest on the
Subordinated Indebtedness or the liquidation preference of, plus any accrued and unpaid dividends on, the Disqualified Stock being
so prepaid, exchanged, redeemed, defeased, repurchased, exchanged, acquired or retired for value, plus the amount of any premium
(including reasonable tender premiums), defeasance costs and any reasonable fees and expenses incurred in connection with the
issuance of such new Indebtedness or Disqualified Stock,

 

(B)           such
new Indebtedness is subordinated to the Notes or the applicable Guarantee at least to the same extent as such Subordinated Indebtedness
so prepaid, exchanged, redeemed, defeased, repurchased, acquired or retired for value,

 

(C)           such
new Indebtedness or Disqualified Stock has a final scheduled maturity date, , or mandatory redemption date, as applicable, equal
to or later than the final scheduled maturity date, or mandatory redemption date, of the Subordinated Indebtedness or Disqualified
Stock being so prepaid, exchanged, redeemed, defeased, repurchased, exchanged, acquired or retired, and

 

(D)           such
new Indebtedness or Disqualified Stock has a Weighted Average Life to Maturity equal to or greater than the remaining Weighted
Average Life to Maturity of the Subordinated Indebtedness or Disqualified Stock being so redeemed, defeased, repurchased, exchanged,
acquired or retired;

 

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(4)          
a Restricted Payment to pay for the repurchase, retirement or other acquisition or retirement for value of Equity Interests
(other than Disqualified Stock) of the Issuer or any direct or indirect parent company of the Issuer held by any future, present
or former employee, director, manager or consultant of the Issuer, any of its Subsidiaries or any direct or indirect parent company
of the Issuer pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or
agreement, or any stock subscription or shareholder agreement (including, for the avoidance of doubt, any principal and interest
payable on any notes issued by the Issuer or any direct or indirect parent company of the Issuer in connection with such repurchase,
retirement or other acquisition), including any Equity Interests rolled over by management of the Issuer or any direct or indirect
parent company of the Issuer in connection with the Transactions; provided, that the aggregate Restricted Payments made
under this clause (4) do not exceed in any calendar year $25.0 million (which shall increase to $50.0 million subsequent to the
consummation of an underwritten public Equity Offering by the Issuer or any direct or indirect parent company of the Issuer) (with
unused amounts in any calendar year being carried over to succeeding calendar years subject to a maximum (without giving effect
to the following proviso) of $50.0 million in any calendar year) (which shall increase to $100.0 million subsequent to the
consummation of an underwritten public Equity Offering by the Issuer or any direct or indirect parent company of the Issuer; provided
further that such amount in any calendar year may be increased by an amount not to exceed:

 

(A)          the
cash proceeds from the sale of Equity Interests (other than Disqualified Stock) of the Issuer and, to the extent contributed to
the Issuer, the cash proceeds from the sale of Equity Interests of any direct or indirect parent company of the Issuer, in each
case to any future, present or former employees, directors, managers or consultants of the Issuer, any of its Subsidiaries or
any direct or indirect parent company of the Issuer that occurs after the Issue Date, to the extent the cash proceeds from the
sale of such Equity Interests have not otherwise been applied to the payment of Restricted Payments by virtue of clause (C) of
Section 1010(a); plus

 

(B)           the
cash proceeds of key man life insurance policies received by the Issuer and the Restricted Subsidiaries after the Issue Date,
less

 

(C)           the
amount of any Restricted Payments previously made pursuant to clauses (A) and (B) of this Section 1010(b)(4); provided that the
Issuer may elect to apply all or any portion of the aggregate increase contemplated by clauses (A) and (B) of this Section 1010(b)(4)
in any calendar year);

 

and
provided further that cancellation of Indebtedness owing to the Issuer or any Restricted Subsidiary from any future, present
or former employees, directors, managers or consultants of the Issuer (or any permitted transferee thereof), any direct or indirect
parent company of the Issuer or any Restricted Subsidiary in connection with a repurchase of Equity Interests of the Issuer or
any direct or indirect parent company of the Issuer shall not be deemed to constitute a Restricted Payment for purposes of this
covenant or any other provision of this Indenture;

 

(5)          
the declaration and payment of dividends to holders of any class or series of Disqualified Stock of the Issuer or any Restricted
Subsidiary or any class or series of preferred stock of any Restricted Subsidiary, in each case, issued in accordance with the
covenant described under Section 1011 to the extent such dividends are included in the definition of Fixed Charges;

 

(6)          
(A) the declaration and payment of dividends to holders of any class or series of Designated Preferred Stock (other
than Disqualified Stock) issued by the Issuer after the Issue Date;

 

(B)           the
declaration and payment of dividends to any direct or indirect parent company of the Issuer, the proceeds of which shall be used
to fund the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock)
of such parent company issued after the Issue Date; provided that the amount of dividends paid pursuant to this clause
(B) shall not exceed the aggregate amount of cash actually contributed to the Issuer from the sale of such Designated Preferred
Stock, or

 

(C)           the
declaration and payment of dividends on Refunding Capital Stock in excess of the dividends declarable and payable thereon pursuant
to Section 1010(b)(2);

 

provided
that, in the case of each of (A) and (C) of this clause (6), for the most recently ended four full fiscal quarters for which
internal financial statements are available immediately preceding the date of issuance of such Designated Preferred Stock or the
declaration of such dividends on Refunding Capital Stock, after giving effect to such issuance or declaration on a pro forma
basis, the Issuer and the Restricted Subsidiaries on a consolidated basis would have had a Fixed Charge Coverage Ratio of
at least 2.00 to 1.00;

 

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(7)          
Investments in Unrestricted Subsidiaries having an aggregate Fair Market Value, taken together with all other Investments
made pursuant to this clause (7) that are at the time outstanding, without giving effect to the sale of an Unrestricted Subsidiary
to the extent the proceeds of such sale do not consist of cash, Cash Equivalents or marketable securities, not to exceed the greater
of (x) $100.0 million and (y) 2.00% of Total Assets at the time of such Investment (with the Fair Market Value of each Investment
being measured at the time made and without giving effect to subsequent changes in value);

 

(8)          
payments made or expected to be made by the Issuer or any Restricted Subsidiary in respect of withholding or similar taxes
payable upon exercise of Equity Interests by any future, present or former employee, director, manager or consultant and repurchases
of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of
the exercise price of such options or warrants;

 

(9)          
the declaration and payment of dividends on the Issuer’s common stock (or the payment of dividends to any direct or
indirect parent company of the Issuer to fund a payment of dividends on such company’s common stock), following consummation
of the first public offering of the Issuer’s common stock or the common stock of any direct or indirect parent company of
the Issuer after the Issue Date, of up to 6.0% per annum of the net cash proceeds received by or contributed to the Issuer in
or from any such public offering, other than public offerings with respect to the Issuer’s common stock registered on Form
S-8 and other than any public sale constituting an Excluded Contribution;

 

(10)        
Restricted Payments in an amount that does not exceed the amount of Excluded Contributions made since the Issue Date;

 

(11)        
other Restricted Payments in an aggregate amount taken together with all other Restricted Payments made pursuant to this
clause (11) not to exceed the greater of (x) $175.0 million and (y) 3.25% of Total Assets at the time made;

 

(12)        
distributions or payments of Receivables Fees;

 

(13)        
any Restricted Payment made in connection with the Transactions and the fees and expenses related thereto or used to fund
amounts owed to Affiliates (including dividends to any direct or indirect parent company of the Issuer to permit payment by such
parent of such amount), to the extent permitted by Section 1013;

 

(14)        
the repurchase, redemption, defeasance or other acquisition or retirement for value of any Subordinated Indebtedness in
accordance with the provisions similar to those of Section 1016 and Section 1017; provided that all Notes tendered by Holders
of the Notes in connection with a Change of Control Offer or an Asset Sale Offer, as the case may be, have been repurchased, redeemed,
defeased or acquired or retired for value;

 

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(15)        
the declaration and payment of dividends by the Issuer to, or the making of loans to, any direct or indirect parent company
of the Issuer in amounts required for any direct or indirect parent company to pay:

 

(A)          franchise
and excise taxes and other fees and expenses required to maintain its organizational existence,

 

(B)           foreign,
federal, state and local income and similar taxes (including any interest or penalties related thereto), to the extent such taxes
are attributable to the income, revenue, receipts, capital or margin of the Issuer and the Restricted Subsidiaries and, to the
extent of the amount actually received from its Unrestricted Subsidiaries, in amounts required to pay such taxes to the extent
attributable to the income of such Unrestricted Subsidiaries; provided that in each case the amount of such payments in
any fiscal year does not exceed the amount that the Issuer, its Restricted Subsidiaries and its Unrestricted Subsidiaries (to
the extent described above) would be required to pay in respect of such foreign, federal, state and local income taxes for such
fiscal year had the Issuer, its Restricted Subsidiaries and its Unrestricted Subsidiaries (to the extent described above) been
a stand-alone taxpayer (separate from any such direct or indirect parent company of the Issuer) for all fiscal years ending after
the Issue Date,

 

(C)           customary
salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers, employees, directors and managers
and consultants of any direct or indirect parent company of the Issuer to the extent such salaries, bonuses, benefits and indemnities
are attributable to the ownership or operation of the Issuer and the Restricted Subsidiaries, including the Issuer’s proportionate
share of such amount relating to such parent company being a public company,

 

(D)           general
corporate or other operating (including, without limitation, expenses related to auditing or other accounting matters) and overhead
costs and expenses of any direct or indirect parent company of the Issuer to the extent such costs and expenses are attributable
to the ownership or operation of the Issuer and the Restricted Subsidiaries, including the Issuer’s proportionate share of
such amount relating to such parent company being a public company,

 

(E)          
amounts required for any direct or indirect parent company of the Issuer to pay fees and expenses incurred by any direct
or indirect parent company of the Issuer related to (i) the maintenance by such parent entity of its corporate or other entity
existence and (ii) transactions of such parent company of the Issuer of the type described in clause (11) of the definition of
“Consolidated Net Income”, and

 

(F)          
cash payments in lieu of issuing fractional shares in connection with the exercise of warrants, options or other securities
convertible into or exchangeable for Equity Interests of the Issuer or any such direct or indirect parent company of the Issuer;

 

(16)        
the repurchase, redemption or other acquisition for value of Equity Interests of the Issuer deemed to occur in connection
with paying cash in lieu of fractional shares of such Equity Interests in connection with a share dividend, distribution, share
split, reverse share split, merger, consolidation, amalgamation or other business combination of the Issuer, in each case, permitted
under this Indenture;

 

(17)        
the distribution, by dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to the Issuer or a Restricted
Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are cash and/or Cash
Equivalents);

 

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(18)        
any Restricted Payment; provided that on a pro forma basis after giving effect to such Restricted Payment
(x) the Consolidated Total Debt Ratio would be equal to or less than 3.75 to 1.00 and (y) the Issuer could incur $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio set forth in Section 1011(a); and

 

(19)        
payments or distributions to satisfy dissenters’ rights, pursuant to or in connection with a consolidation, merger
or transfer of assets that complies with Article Eight;

 

provided
that at the time of, and after giving effect to, any Restricted Payment permitted under clauses (11) and (17) of this Section
1010(b), no Event of Default shall have occurred and be continuing or would, with the passage of time, occur as a consequence
thereof.

 

(c)          
As of the Issue Date, all of the Issuer’s Subsidiaries shall be Restricted Subsidiaries. The Issuer shall not permit
any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the last sentence of the definition of “Unrestricted
Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments
by the Issuer and the Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to
be Restricted Payments or Permitted Investment in an amount determined as set forth in the last sentence of the definition of
“Investment.” Such designation shall be permitted only if a Restricted Payment or Permitted Investment in such amount
would be permitted at such time, whether pursuant to Section 1010(a) or under clauses (7), (10) or (11) of Section 1010(b), or
pursuant to the definition of “Permitted Investments”, and if such Subsidiary otherwise meets the definition of an Unrestricted
Subsidiary. Unrestricted Subsidiaries shall not be subject to any of the restrictive covenants set forth in this Indenture.

 

(d)          
For purposes of determining compliance with this Section 1010, in the event that a proposed Restricted Payment or Investment
(or a portion thereof) meets the criteria of clauses (1) through (19) of Section 1010(b) or is entitled to be made pursuant to
Section 1010(a) and/or one or more of the exceptions contained in the definition of “Permitted Investments” in Section
102, the Issuer shall be entitled to classify or later reclassify (based on circumstances existing on the date of such reclassification)
such Restricted Payment or Investment (or portion thereof) among clauses (1) through (19) of Section 1010(b), Section 1010(a)
and/or one or more of the exceptions contained in the definition of “Permitted Investments” in Section 102 in a manner
that otherwise complies with this Section 1010.

 

SECTION
1011.        Limitation on Incurrence of Indebtedness
and Issuance of Disqualified Stock.

 

(a)          
the Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create, incur, issue,
assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise (collectively, “incur”
and collectively, an “incurrence”) with respect to any Indebtedness (including Acquired Indebtedness) and the
Issuer shall not issue any shares of Disqualified Stock and shall not permit any Restricted Subsidiary to issue any shares of
Disqualified Stock or, in the case of Restricted Subsidiaries that are not the Issuer or Guarantors, preferred stock; provided
that the Issuer may incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock, and any Restricted
Subsidiary may incur Indebtedness (including Acquired Indebtedness), issue shares of Disqualified Stock and issue shares of preferred
stock, if, after giving effect thereto, the Fixed Charge Coverage Ratio of the Issuer and the Restricted Subsidiaries would be
at least 2.00 to 1.00; provided, further, that the amount of Indebtedness (other than Acquired Indebtedness), Disqualified
Stock and preferred stock that may be incurred pursuant to the foregoing, together with any amounts incurred under clause 14(x)
of Section 1011(b) by Restricted Subsidiaries that are not Guarantors shall not exceed the greater of (x) $200.0 million and (y)
3.75% of Total Assets at any one time outstanding.

 

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(b)          
The foregoing limitations shall not apply to:

 

(1)          
Indebtedness incurred pursuant to Credit Facilities by the Issuer or any Restricted Subsidiary; provided that immediately
after giving effect to any such incurrence, the then-outstanding aggregate principal amount of all Indebtedness incurred under
this clause (1) does not exceed at any one time (x) $3,325.0 million plus (y) an additional amount if, after giving pro forma
effect to the incurrence of such additional amount and the application of net proceeds therefrom, the Consolidated Secured Debt
Ratio is equal to or less than 4.50:1.00; provided, further, that, for purposes of determining the amount of Indebtedness
that may be incurred under clause (1)(y), all Indebtedness incurred under this clause (1) shall be treated as Secured Indebtedness;

 

(2)          
Indebtedness represented by the Notes (including any Guarantee thereof, but excluding Indebtedness represented by Additional
Notes, if any, or guarantees with respect thereto) and exchange notes issued in respect of such Notes and any Guarantee thereof;

 

(3)          
Existing Indebtedness (other than Indebtedness described in clauses (1) and (2) above);

 

(4)          
Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and preferred stock incurred by the Issuer or
any Restricted Subsidiary, to finance the purchase, lease, construction, installation or improvement of property (real or personal)
or equipment that is used or useful in a Similar Business, whether through the direct purchase of assets or the Capital Stock
of any Person owning such assets and Indebtedness arising from the conversion of the obligations of the Issuer or any Restricted
Subsidiary under or pursuant to any “synthetic lease” transactions to on-balance sheet Indebtedness of the Issuer or
such Restricted Subsidiary, in an aggregate principal amount or liquidation preference which, when aggregated with the principal
amount of all other Indebtedness, Disqualified Stock and preferred stock then outstanding and incurred pursuant to this clause
(4), and all Refinancing Indebtedness incurred to Refinance any other Indebtedness, Disqualified Stock and preferred stock incurred
pursuant to this clause (4), does not exceed the greater of (x) $125.0 million and (y) 2.5% of Total Assets at the time of incurrence;
provided that such Indebtedness exists at the date of such purchase, lease, construction, installation or improvement or
is created within 270 days of the completion thereof; provided, further that Capitalized Lease Obligations incurred
by the Issuer or any Restricted Subsidiary pursuant to this clause (4) in connection with a Sale and Lease-Back Transaction shall
not be subject to the foregoing limitation so long as the proceeds of such Sale and Lease-Back Transaction are used by the Issuer
or such Restricted Subsidiary to permanently repay outstanding Indebtedness of the Issuer and the Restricted Subsidiaries;

 

(5)          
Indebtedness incurred by the Issuer or any Restricted Subsidiary constituting reimbursement obligations with respect to
letters of credit bankers’ acceptances, bank guarantees, warehouse receipts or similar facilities issued or entered into
in the ordinary course of business, including letters of credit in respect of workers’ compensation claims, performance or
surety bonds, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or
other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims, performance or
surety bonds, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance; 

 

(6)          
Indebtedness arising from agreements of the Issuer or a Restricted Subsidiary providing for indemnification, adjustment
of purchase price, earnout or similar obligations, in each case, incurred or assumed in connection with the disposition of any
business, assets or a Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of
such business, assets or a Subsidiary for the purpose of financing such acquisition; provided that such Indebtedness is
not reflected as Indebtedness on the balance sheet of the Issuer or any Restricted Subsidiary (contingent obligations referred
to in a footnote to financial statements and not otherwise reflected on the balance sheet will not be deemed to be reflected on
such balance sheet for purposes of this clause (6));

 

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(7)          
Indebtedness of the Issuer to a Restricted Subsidiary; provided that if such Indebtedness is owing to a Restricted
Subsidiary that is not a Guarantor is subordinated in right of payment to the Notes; provided further that any subsequent
issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted
Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Issuer or another Restricted Subsidiary) shall
be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause;

 

(8)          
Indebtedness of a Restricted Subsidiary owing to the Issuer or another Restricted Subsidiary; provided that if a
Guarantor incurs such Indebtedness owing to a Restricted Subsidiary that is neither the Issuer nor a Guarantor, such Indebtedness
is subordinated in right of payment to the Guarantee of the Notes of such Guarantor; provided further that any subsequent
transfer of any such Indebtedness (except to the Issuer or another Restricted Subsidiary) shall be deemed, in each case to be
an incurrence of such Indebtedness not permitted by this clause;

 

(9)          
shares of preferred stock of a Restricted Subsidiary issued to the Issuer or another Restricted Subsidiary; provided
that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary
ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of preferred stock (except to the Issuer
or another Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of preferred stock not permitted
by this clause;

 

(10)        
Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes) for the purpose of limiting interest
rate risk with respect to any Indebtedness permitted to be incurred pursuant to this Section 1011, exchange rate risk or commodity
pricing risk;

 

(11)        
obligations in respect of self-insurance, performance, bid, appeal and surety bonds and completion guarantees and similar
obligations provided by the Issuer or any Restricted Subsidiary or obligations in respect of letters of credit, bank guarantees
or similar instruments related thereto, in each case, in the ordinary course of business;

 

(12)        
(A) Indebtedness, Disqualified Stock and preferred stock of the Issuer or any Restricted Subsidiary in an aggregate principal
amount or liquidation preference up to 100% of the net cash proceeds received by the Issuer since immediately after the Issue
Date from the issue or sale of Equity Interests of the Issuer or cash contributed to the capital of the Issuer (in each case,
other than Excluded Contributions or proceeds of Disqualified Stock or sales of Equity Interests to the Issuer or any of its Subsidiaries)
as determined in accordance with clauses (C)(2) and (C)(3) of Section 1010(a) to the extent such net cash proceeds or cash have
not been applied pursuant to such clauses to make Restricted Payments or to make other Investments, payments or exchanges pursuant
to Section 1010(b) or to make Permitted Investments (other than Permitted Investments specified in clauses (1), (2) and (3) of
the definition thereof) and (B)  Indebtedness, Disqualified Stock or preferred stock of the Issuer or any Restricted
Subsidiary not otherwise permitted hereunder in an aggregate principal amount or liquidation preference, which when aggregated
with the principal amount and liquidation preference of all other Indebtedness, Disqualified Stock and preferred stock then outstanding
and incurred pursuant to this clause (12)(B), does not at any one time outstanding exceed the greater of (x) $200.0 million and
(y)3.75% of Total Assets at the time of incurrence (it being understood that any Indebtedness, Disqualified Stock or preferred
stock incurred pursuant to this clause (12)(B) shall cease to be deemed incurred or outstanding for purposes of this clause (12)(B)
but shall be deemed incurred for the purposes of Section 1011(a) from and after the first date on which the Issuer or such Restricted
Subsidiary could have incurred such Indebtedness, Disqualified Stock or preferred stock under Section 1011(a) without reliance
on this clause (12)(B));

 

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(13)         the
incurrence or issuance by the Issuer or any Restricted Subsidiary of Indebtedness, Disqualified Stock or preferred stock which
serves to Refinance any Indebtedness, Disqualified Stock or preferred stock incurred as permitted under Section 1011(a) and clauses
(2) and (3) above, clause 12(A), this clause (13) and clause (14) below or any Indebtedness, Disqualified Stock or preferred stock
issued to so Refinance such Indebtedness, Disqualified Stock or preferred stock (the “Refinancing Indebtedness”) prior
to its respective maturity; provided that such Refinancing Indebtedness

 

(A)          has
a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred which is not less than the remaining
Weighted Average Life to Maturity of the Indebtedness, Disqualified Stock or preferred stock being Refinanced,

 

(B)           to
the extent such Refinancing Indebtedness Refinances (i) Indebtedness subordinated to the Notes or any Guarantee of the Notes,
such Refinancing Indebtedness is subordinated to the Notes or such Guarantee at least to the same extent as the Indebtedness being
Refinanced or (ii) Disqualified Stock or preferred stock, such Refinancing Indebtedness must be Disqualified Stock or preferred
stock, respectively and

 

(C)           shall
not include Indebtedness, Disqualified Stock or preferred stock of a Subsidiary of the Issuer that is not a Guarantor that Refinances
Indebtedness, Disqualified Stock or preferred stock of a Guarantor;

 

and
provided further that subclause (A) above of this clause (13) shall not apply to any refunding or refinancing of any Secured
Indebtedness outstanding;

 

(14)         Indebtedness,
Disqualified Stock or preferred stock of (x) the Issuer or a Restricted Subsidiary incurred or issued to finance an acquisition
or (y) Persons that are acquired by the Issuer or any Restricted Subsidiary or merged into or consolidated with the Issuer or
a Restricted Subsidiary in accordance with the terms of this Indenture (including designating an Unrestricted Subsidiary a Restricted
Subsidiary); provided that after giving effect to such acquisition, merger or consolidation, either:

 

(A)          the
Issuer would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test
set forth in Section 1011(a), or

 

(B)           the
Fixed Charge Coverage Ratio of the Issuer and the Restricted Subsidiaries is equal to or greater than immediately prior to such
acquisition, merger or consolidation;

 

(15)        
Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument
drawn against insufficient funds in the ordinary course of business;

 

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(16)        
Indebtedness of the Issuer or any Restricted Subsidiary supported by a letter of credit issued pursuant to any Credit Facility,
in a principal amount not in excess of the stated amount of such letter of credit;

 

(17)        
(A) any guarantee by the Issuer or a Restricted Subsidiary of Indebtedness or other obligations of any Restricted Subsidiary
so long as, in the case of a guarantee by a Restricted Subsidiary that is not a Guarantor, such Indebtedness could have been incurred
directly by the Restricted Subsidiary providing such guarantee, or

 

(B)           any
guarantee by a Restricted Subsidiary of Indebtedness of the Issuer, provided that such guarantee is incurred in accordance
with Section 1015;

 

(18)         Indebtedness
of Restricted Subsidiaries that are not Guarantors at any one time outstanding not to exceed, in the aggregate, the greater of
(x) $75.0 million and (y) 1.50% of Total Assets at the time of incurrence (it being understood that any Indebtedness incurred
pursuant to this clause (18) shall cease to be deemed incurred or outstanding for purposes of this clause (18) but shall be deemed
incurred for the purposes of the first paragraph of this covenant from and after the first date on which such Restricted Subsidiary
could have incurred such Indebtedness under the first paragraph of this covenant without reliance on this clause (18));

 

(19)         Indebtedness
of the Issuer or any of its Restricted Subsidiaries consisting of (i) the financing of insurance premiums or (ii) take or pay
obligations contained in supply arrangements, in each case incurred in the ordinary course of business;

 

(20)         Indebtedness
of the Issuer or any of its Restricted Subsidiaries undertaken in connection with cash management and related activities with
respect to any Subsidiary or joint venture in the ordinary course of business; and

 

(21)         Indebtedness
consisting of Indebtedness issued by the Issuer or any of its Restricted Subsidiaries to future, current or former officers, directors,
managers and employees thereof, their respective estates, spouses or former spouses, in each case to finance the purchase or redemption
of Equity Interests of the Issuer or any direct or indirect parent company of the Issuer to the extent described in Section 1010(b)(4).

 

(c)          
For purposes of determining compliance with this Section 1011,

 

(1)          
in the event that an item of Indebtedness, Disqualified Stock or preferred stock (or any portion thereof) meets the criteria
of more than one of the categories of permitted Indebtedness, Disqualified Stock or preferred stock described in clauses (1) through
(21) of Section 1011(b) or is entitled to be incurred pursuant to Section 1011(a), the Issuer, in its sole discretion, shall divide,
classify or reclassify such item of Indebtedness, Disqualified Stock or preferred stock (or any portion thereof) and shall only
be required to include the amount and type of such Indebtedness, Disqualified Stock or preferred stock in one of the above clauses
of this Section 1011(b); provided that all Indebtedness outstanding under the Senior Credit Facilities on the Issue Date
after giving effect to the Transactions will be treated as incurred on the Issue Date under Section 1011(b)(1); and

 

(2)          
at the time of incurrence, the Issuer shall be entitled to divide and classify an item of Indebtedness in more than one
of the types of Indebtedness described in Sections 1011(a) and (b) above.

 

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Accrual
of interest or dividends, the accretion of accreted value, the accretion or amortization of original issue discount and the payment
of interest or dividends in the form of additional Indebtedness, Disqualified Stock or preferred stock shall not be deemed to
be an incurrence of Indebtedness, Disqualified Stock or preferred stock for purposes of this Section 1011. Any Refinancing Indebtedness
and any Indebtedness incurred to refinance Indebtedness incurred pursuant to clauses (1) and (12) of Section 1011(b) above shall
be permitted to include additional Indebtedness, Disqualified Stock or preferred stock incurred to pay premiums (including reasonable
tender premiums), defeasance costs, accrued and unpaid interest, fees and expenses in connection with such refinancing.

 

(d)          
For purposes of determining compliance with any U.S. dollar-denominated restriction on the incurrence of Indebtedness,
the U.S. dollar-equivalent principal amount of Indebtedness denominated in another currency shall be calculated based on the relevant
currency exchange rate in effect on the date such Indebtedness was incurred, in the case of term debt, or first committed, in
the case of revolving credit debt; provided that if such Indebtedness is incurred to Refinance other Indebtedness denominated
in another currency, and such Refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated
at the relevant currency exchange rate in effect on the date of such Refinancing, such U.S. dollar-denominated restriction shall
be deemed not to have been exceeded so long as the principal amount of such Refinancing Indebtedness does not exceed (i) the principal
amount of such Indebtedness being Refinanced plus (ii) the aggregate amount of fees, underwriting discounts, premiums and other
costs and expenses incurred in connection with such Refinancing.

 

(e)          
The principal amount of any Indebtedness incurred to Refinance other Indebtedness, if incurred in a different currency
from the Indebtedness being Refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in
which such respective Indebtedness is denominated that is in effect on the date of such Refinancing.

 

(f)          
This Indenture shall not treat (1) unsecured Indebtedness as subordinated or junior to Secured Indebtedness merely because
it is unsecured or (2) Senior Indebtedness as subordinated or junior to any other Senior Indebtedness merely because it has a
junior priority with respect to the same collateral.

 

SECTION
1012.          Liens. The Issuer
shall not, and shall not permit any Guarantor to, directly or indirectly, create, incur, assume or suffer to exist any Lien (except
Permitted Liens) that secures obligations under any Indebtedness or any related Guarantee on any asset or property of the Issuer
or any Guarantor, or any income or profits therefrom, or assign or convey any right to receive income therefrom, unless the Notes
(or the related Guarantee in the case of Liens of a Guarantor) are equally and ratably secured with (or, in the event the Lien
relates to Subordinated Indebtedness, are secured on a senior basis to) the obligations so secured. Any Lien created for the benefit
of the Holders of the Notes pursuant to this Section 1012 will provide by its terms that such Lien shall be automatically and
unconditionally released and discharged upon the release and discharge of the Lien that gave rise to the obligation to secure
the Notes.

 

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SECTION
1013.          Limitations on Transactions with Affiliates.

 

(a)          
The Issuer shall not, and shall not permit any Restricted Subsidiary to, make any payment to, or sell, lease, transfer
or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or
amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate
of the Issuer (each of the foregoing, an “Affiliate Transaction”) involving aggregate payments or consideration in excess
of $15.0 million, unless:

 

(1)          
such Affiliate Transaction is on terms that are not materially less favorable to the Issuer or the relevant Restricted
Subsidiary than those that would have been obtained in a comparable transaction by the Issuer or such Restricted Subsidiary with
an unrelated Person on an arm’s-length basis; and

 

(2)          
the Issuer delivers to the Trustee with respect to any Affiliate Transaction or series of related Affiliate Transactions
involving aggregate payments or consideration in excess of $30.0 million, a resolution adopted by the majority of the Board
of Directors of the Issuer approving such Affiliate Transaction and set forth in an Officer’s Certificate certifying that
such Affiliate Transaction complies with clause (1) above.

 

(b)          
The foregoing provisions shall not apply to the following:

 

(1)          
(i) transactions between or among the Issuer or any of the Restricted Subsidiaries or any entity that becomes a Restricted
Subsidiary as a result of such transaction and (ii) any merger or consolidation of the Issuer or any direct or indirect parent
of the Issuer; provided that such parent company shall have no material liabilities and no material assets other than cash, Cash
Equivalents and the Capital Stock of the Issuer and such merger or consolidation is otherwise in compliance with the terms of
the Indenture and effected for a bona fide business purpose;

 

(2)          
Restricted Payments permitted by Section 1010 and the definition of “Permitted Investments”;

 

(3)          
(i) the payment of management, consulting, monitoring and advisory fees and related expenses (including indemnification
and other similar amounts) to the Investors pursuant to the Sponsor Management Agreement (plus any unpaid management, consulting,
monitoring, advisory and other fees and related expenses (including indemnification and other similar amounts) accrued in any
prior year) and the termination fees pursuant to the Sponsor Management Agreement, or in each case as in effect on the Issue Date
or any amendment thereto (so long as any such amendment is not materially disadvantageous, in the good faith judgment of the Board
of Directors of the Issuer, to the Holders when taken as a whole as compared to the Sponsor Management Agreement in effect on
the Issue Date); and (ii) payments by the Issuer or any of its Restricted Subsidiaries to any of the Investors made for any financial
advisory, financing, underwriting or placement services or in respect of other investment banking activities, including in connection
with acquisitions or divestitures, which payments are approved by a majority of the Board of Directors of the Issuer in good faith;

 

(4)          
the payment of reasonable and customary fees and compensation paid to, and indemnities and reimbursements and employment
and severance arrangements provided on behalf of, or for the benefit of, former, current or future officers, directors, managers,
employees or consultants of the Issuer, any direct or indirect parent company of the Issuer or any Restricted Subsidiary;

 

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(5)          
transactions in which the Issuer or any Restricted Subsidiary, as the case may be, delivers to the Trustee a letter from
an Independent Financial Advisor stating that such transaction is fair to the Issuer or such Restricted Subsidiary from a financial
point of view or stating that the terms are not materially less favorable to the Issuer or its relevant Restricted Subsidiary
than those that would have been obtained in a comparable transaction by the Issuer or such Restricted Subsidiary with an unrelated
Person on an arm’s-length basis;

 

(6)          
any agreement or arrangement as in effect as of the Issue Date, or any amendment thereto (so long as any such amendment
is not disadvantageous in any material respect to the Holders when taken as a whole as compared to the applicable agreement as
in effect on the Issue Date);

 

(7)          
the existence of, or the performance by the Issuer or any Restricted Subsidiary of its obligations under the terms of,
any stockholders agreement or the equivalent (including any registration rights agreement or purchase agreement related thereto)
to which it is a party as of the Issue Date and any similar agreements which it may enter into thereafter; provided that
the existence of, or the performance by the Issuer or any Restricted Subsidiary of obligations under any future amendment to any
such existing agreement or under any similar agreement entered into after the Issue Date shall only be permitted by this clause
(7) to the extent that the terms of any such amendment or new agreement are not otherwise disadvantageous to the Holders in any
material respect when taken as a whole;

 

(8)          
the Transactions and the payment of all fees and expenses related to the Transactions, in each case, as contemplated in
the Offering Document;

 

(9)          
transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the ordinary
course of business and otherwise in compliance with the terms of this Indenture which are fair to the Issuer and the Restricted
Subsidiaries, in the reasonable determination of the Board of Directors of the Issuer or the senior management thereof, or are
on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party;

 

(10)          
the issuance or transfer of Equity Interests (other than Disqualified Stock) of the Issuer to and the granting and performance
of customary registration rights;

 

(11)          
sales of accounts receivable, or participations therein, in connection with any Receivables Facility;

 

(12)          
payments, loans, advances or guarantees (or cancellation of loans, advances or guarantees) to employees, directors, managers
or consultants of the Issuer, any direct or indirect parent company of the Issuer or any Restricted Subsidiary and employment
agreements, stock option plans and other similar arrangements with such employees, directors, manager or consultants which, in
each case, are approved by the Issuer in good faith;

 

(13)          
investments by the Investors in securities of the Issuer or any Restricted Subsidiary (and payment of reasonable out-of-pocket
expenses incurred by such Investors in connection therewith) so long as the investment is being generally offered to other investors
on the same or more favorable terms;

 

(14)          
payments to any future, current or former employee, director, manager, officer, manager or consultant of the Issuer, any
of its Subsidiaries or any direct or indirect parent company of the Issuer pursuant to any management equity plan or stock option
plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement; and any
employment agreements, stock option plans and other compensatory arrangements (and any successor plans thereto) and any supplemental
executive retirement benefit plans or arrangements with any such employees, directors, officers, managers or consultants that
are, in each case, approved by the Issuer in good faith;

 

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(15)          
any transaction with a Person (other than an Unrestricted Subsidiary) which would constitute an Affiliate Transaction solely
because the Issuer or a Restricted Subsidiary owns an Equity Interest in or otherwise controls such Person;

 

(16)          
payments by the Issuer (and any direct or indirect parent company of the Issuer) and its Subsidiaries pursuant to tax sharing
agreements among the Issuer (and any direct or indirect parent company of the Issuer) and its Subsidiaries; provided that
in each case the amount of such payments in any fiscal year does not exceed the amount that the Issuer, its Restricted Subsidiaries
and its Unrestricted Subsidiaries (to the extent of the amount received from Unrestricted Subsidiaries) would be required to pay
in respect of foreign, federal, state and local taxes for such fiscal year were the Issuer, its Restricted Subsidiaries and its
Unrestricted Subsidiaries (to the extent described above) to pay such taxes separately from any such direct or indirect parent
company of the Issuer;

 

(17)          
any lease entered into between the Issuer or any Restricted Subsidiary, as lessee, and any Affiliate of the Issuer, as
lessor, in the ordinary course of business;

 

(18)          
intellectual property licenses in the ordinary course of business;

 

(19)          
transactions between the Issuer or any of its Restricted Subsidiaries and any Person that would constitute an Affiliate
Transaction solely because a director of which is also a director of the Issuer or any other direct or indirect parent of the
Issuer; provided, however, that such director abstains from voting as a director of the Issuer or such direct or indirect
parent of the Issuer, as the case may be, on any matter involving such other Person;

 

(20)          
pledges of Equity Interests of Unrestricted Subsidiaries; and

 

(21)          
transactions with joint ventures for the purchase or sale of goods, equipment and services entered into in the ordinary
course of business.

 

SECTION
1014.          Limitations on Dividend and Other Payment Restrictions Affecting
Restricted Subsidiaries. The Issuer shall not, and shall not permit any of its Restricted Subsidiaries that are not the Issuer
or Guarantors to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance
or consensual restriction on the ability of any such Restricted Subsidiary to:

 

(a)          
(1) pay dividends or make any other distributions to the Issuer or any Restricted Subsidiary on its Capital Stock or with
respect to any other interest or participation in, or measured by, its profits, or (2) pay any Indebtedness owed to the Issuer
or any Restricted Subsidiary;

 

(b)          
make loans or advances to the Issuer or any Restricted Subsidiary; or

 

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(c)          
sell, lease or transfer any of its properties or assets to the Issuer or any Restricted Subsidiary, except (in each case)
for such encumbrances or restrictions existing under or by reason of:

 

(1)          
contractual encumbrances or restrictions in effect on the Issue Date, including, pursuant to the Senior Credit Facilities
and the related documentation and related Hedging Obligations;

 

(2)          
this Indenture, the Notes and the Guarantees;

 

(3)          
purchase money obligations for property acquired in the ordinary course of business and Capitalized Lease Obligations that
impose restrictions of the nature discussed in clause (c) above on the property so acquired;

 

(4)          
applicable law or any applicable rule, regulation or order;

 

(5)          
any agreement or other instrument of a Person acquired by or merged or consolidated with or into the Issuer or any Restricted
Subsidiary, or of an Unrestricted Subsidiary that is designated a Restricted Subsidiary, or that is assumed in connection with
the acquisition of assets from such Person, in each case that is in existence at the time of such transaction (but not created
in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any
Person, other than the Person and its Subsidiaries, or the property or assets of the Person and its Subsidiaries, so acquired
or designated;

 

(6)          
contracts for the sale of assets, including customary restrictions with respect to a Subsidiary of the Issuer pursuant
to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets
of such Subsidiary;

 

(7)          
Secured Indebtedness otherwise permitted to be incurred pursuant to Sections 1011 and 1012 that limit the right of the
debtor to dispose of the assets securing such Indebtedness;

 

(8)          
restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course
of business;

 

(9)          
other Indebtedness, Disqualified Stock or preferred stock of Restricted Subsidiaries permitted to be incurred subsequent
to the Issue Date pursuant to Section 1011;

 

(10)          
customary provisions in joint venture agreements or arrangements and other similar agreements or arrangements relating
solely to such joint venture;

 

(11)          
customary provisions contained in leases, sub-leases, licenses, sub-licenses or similar agreements, in each case, entered
into in the ordinary course of business;

 

(12)          
restrictions created in connection with any Receivables Facility that, in the good faith determination of the Board of
Directors of the Issuer, are necessary or advisable to effect such Receivables Facility; and

 

(13)          
any encumbrances or restrictions of the type referred to in clauses (a), (b) and (c) above imposed by any amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations
referred to in clauses (1) through (12) above; provided that such amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings are, in the good faith judgment of the Issuer’s Board of Directors,
no more restrictive in any material respect with respect to such encumbrance and other restrictions taken as a whole than those
prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.

 

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(d)          
For purposes of determining compliance with the covenants set forth in this Section 1014: (i) the priority of any preferred
stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions being paid on common
stock shall not be deemed a restriction on the ability to make distributions on Capital Stock and (ii) the subordination of loans
or advances made to the Issuer or a Restricted Subsidiary of the Issuer to other Indebtedness incurred by the Issuer or any such
Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances.

 

SECTION
1015.          Limitation on Guarantees of
Indebtedness by Restricted Subsidiaries. The Issuer shall not permit any of its Wholly-Owned Subsidiaries that are Restricted
Subsidiaries (and non-Wholly-Owned Subsidiaries if such non-Wholly-Owned Subsidiaries guarantee other capital markets debt securities
of the Issuer or a Guarantor), other than a Guarantor or a special purpose Restricted Subsidiary formed in connection with a Receivables
Facility, to guarantee the payment of any Indebtedness of the Issuer or any other Guarantor (other than Indebtedness payable to
the Issuer or a Restricted Subsidiary) unless:

 

(1)          
such Restricted Subsidiary within 30 days executes and delivers a supplemental indenture to this Indenture providing for
a Guarantee by such Restricted Subsidiary the form of which is attached as Exhibit A hereto; provided that, if such Indebtedness
is by its express terms subordinated in right of payment to the Notes or such Guarantor’s Guarantee of the Notes, any such
guarantee of such Restricted Subsidiary with respect to such Indebtedness shall be subordinated in right of payment to such Restricted
Subsidiary’s Guarantee with respect to the Notes substantially to the same extent as such Indebtedness is subordinated to
the Notes; and

 

(2)          
such Restricted Subsidiary waives and shall not in any manner whatsoever claim or take the benefit or advantage of, any
rights of reimbursement, indemnity or subrogation or any other rights against the Issuer or any other Restricted Subsidiary as
a result of any payment by such Restricted Subsidiary under its Guarantee;

 

provided
that this Section 1015 shall not be applicable to any guarantee of any Restricted Subsidiary that existed at the time such
Person became a Restricted Subsidiary and was not incurred in connection with, or in contemplation of, such Person becoming a
Restricted Subsidiary.

 

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SECTION
1016.          Change of Control.

 

(a)          
If a Change of Control occurs after the Issue Date, unless the Issuer has, prior to or concurrently with the time the Issuer
is required to make a Change of Control Offer (as defined below), delivered electronically or mailed a redemption notice with
respect to all the Outstanding Notes as described under “Optional Redemption” or “Satisfaction and Discharge,”
the Issuer shall make an offer to purchase all of the Notes pursuant to the offer described below (the “Change of Control
Offer”) at a price in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal amount thereof
plus accrued and unpaid interest, if any, to, but excluding the date of purchase, subject to the right of Holders of record on
the relevant record date to receive interest due on the relevant Interest Payment Date. No later than 30 days following any Change
of Control, the Issuer shall send notice of such Change of Control Offer by first class mail or overnight mail, with a copy to
the Trustee sent in the same mannner, to each Holder of Notes to the address of such Holder appearing in the security register
with a copy to the Trustee or otherwise in accordance with the procedures of the Depository, with the following information:

 

(1)          
that a Change of Control Offer is being made pursuant to this Section 1016 and that all Notes properly tendered pursuant
to such Change of Control Offer shall be accepted for payment by the Issuer;

 

(2)          
the purchase price and the purchase date, which shall be no earlier than 30 days nor later than 60 days from the date such
notice is mailed (the “Change of Control Payment Date”);

 

(3)          
that any Note not properly tendered shall remain outstanding and continue to accrue interest;

 

(4)          
that, unless the Issuer defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant
to the Change of Control Offer shall cease to accrue interest on the Change of Control Payment Date;

 

(5)          
that Holders electing to have any Notes purchased pursuant to a Change of Control Offer shall be required to surrender
the Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes completed, to the
Paying Agent specified in the notice at the address specified in the notice prior to the close of business on the third Business
Day preceding the Change of Control Payment Date;

 

(6)          
that Holders shall be entitled to withdraw their tendered Notes and their election to require the Issuer to purchase such
Notes; provided that the Paying Agent receives, not later than the expiration time of the Change of Control Offer, electronic
transmission (in PDF), facsimile transmission or letter (sent in the same manner provided in the Change of Control Offer) setting
forth the name of the Holder of the Notes, the principal amount of Notes tendered for purchase, and a statement that such Holder
is withdrawing its tendered Notes and its election to have such Notes purchased;

 

(7)          
that if the Issuer is redeeming less than all of the Notes, the Holders of the remaining Notes will be issued new Notes
and such new Notes will be equal in principal amount to the unpurchased portion of the Notes surrendered. The unpurchased portion
of the Notes must be equal to $2,000 or an integral multiple of $1,000 in excess thereof;

 

(8)          
if such notice is delivered prior to the occurrence of a Change of Control, stating that the Change of Control Offer is
conditional on the occurrence of such Change of Control and if applicable, shall state that, in the Issuer’s discretion,
the Change of Control Payment Date may be delayed until such time as the Change of Control shall occur, or that such redemption
may not occur and such notice may be rescinded in the event that the Issuer shall determine that such condition will not be satisfied
by the Change of Control Payment Date, or by the Change of Control Payment as so delayed; and

 

(9)          
the other instructions, as determined by us, consistent with this Section 1016, that a Holder must follow.

 

(b)          
While the Notes are in global form and the Issuer makes an offer to purchase all of the Notes pursuant to the Change of
Control Offer, a Holder may exercise its option to elect for the purchase of the Notes through the facilities of the Depository,
subject to its rules and regulations.

 

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(c)          
the Issuer shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to a
Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions
of this Indenture, the Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to have
breached its obligations described in this Indenture by virtue thereof.

 

(d)          
On the Change of Control Payment Date, the Issuer shall, to the extent permitted by law,

 

(1)          
accept for payment all Notes issued by it or portions thereof properly tendered pursuant to the Change of Control Offer,

 

(2)          
deposit with the Paying Agent an amount equal to the aggregate Change of Control Payment in respect of all Notes or portions
thereof so tendered and

 

(3)          
deliver, or cause to be delivered, to the Trustee for cancellation the Notes so accepted together with an Officer’s
Certificate stating that all Notes or portions thereof have been tendered to and purchased by the Issuer.

 

(e)          
In the event that the Issuer makes a Change of Control Payment, the Paying Agent shall promptly mail to each Holder of
the Notes the Change of Control Payment for such Notes, and the Trustee shall promptly authenticate a new Note equal in principal
amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note shall be in a principal
amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Issuer shall publicly announce the results of the Change
of Control Offer on or as soon as practicable after the Change of Control Payment Date.

 

(f)          
The Issuer shall not be required to make a Change of Control Offer following a Change of Control if a third party makes
the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture
applicable to a Change of Control Offer made by the Issuer and purchases all such Notes validly tendered and not withdrawn under
such Change of Control Offer. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance
of a Change of Control, conditional upon such Change of Control, if a definitive agreement is in place for the Change of Control
at the time of the making of such Change of Control Offer.

 

(g)          
If Holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw
such Notes in a Change of Control Offer and the Issuer, or any third party making a Change of Control Offer in lieu of the Issuer
as described above, purchases all of the Notes validly tendered and not withdrawn by such Holders, the Issuer or such third party
will have the right, upon not less than 15 days nor more than 60 days’ prior notice, provided that such notice is given not
more than 30 days following such purchase pursuant to the Change of Control Offer described above, to redeem all Notes that remain
outstanding following such purchase on a date (the “Second Change of Control Payment Date”) at a price in cash equal
to the applicable Change of Control Payment in respect of the Second Change of Control Payment Date.

 

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SECTION
1017.           Asset Sales.

 

(a)          
the Issuer shall not, and shall not permit any Restricted Subsidiary to consummate, directly or indirectly, an Asset Sale,
unless:

 

(1)          
the Issuer or such Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset Sale at
least equal to the Fair Market Value (as determined at the time of contractually agreeing to such Asset Sale) of the assets sold
or otherwise disposed of; and

 

(2)          
except in the case of a Permitted Asset Swap, at least 75% of the consideration from such Asset Sale and all other Asset
Sales since the Issue Date, on a cumulative basis received by the Issuer or such Restricted Subsidiary, as the case may be, is
in the form of cash or Cash Equivalents; provided that the amount of:

 

(A)             
any liabilities (as reflected on the Issuer’s most recent consolidated balance sheet or in the footnotes thereto,
or if incurred or accrued subsequent to the date of such balance sheet, such liabilities that would have been reflected on the
Issuer’sconsolidated balance sheet or in the footnotes thereto if such incurrence or accrual had taken place on or prior
to the date of such balance sheet, as determined in good faith by the Issuer) of the Issuer, other than liabilities that are by
their terms subordinated to the Notes, that are assumed by the transferee of any such assets (or are otherwise extinguished in
connection with the transactions relating to such Asset Sale) and for which the Issuer and all such Restricted Subsidiaries have
been validly released by all applicable creditors in writing,

 

(B)             
any securities, notes or other obligations or assets received by the Issuer or such Restricted Subsidiary from such transferee
that are converted by the Issuer or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to
be satisfied for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received), in each case, within 180 days
following the closing of such Asset Sale and

 

(C)             
any Designated Non-cash Consideration received by the Issuer or such Restricted Subsidiary in such Asset Sale having an
aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause
(C) that is at that time outstanding, not to exceed 6.0% of Total Assets at the time of the receipt of such Designated Non-cash
Consideration, with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received
and without giving effect to subsequent changes in value,

 

shall
be deemed to be cash for purposes of this provision and for no other purpose.

 

(b)          
Within 450 days after the Issuer’s or any Restricted Subsidiary’s receipt of the Net Proceeds of any Asset Sale
(the “Asset Sale Proceeds Application Period”), the Issuer or such Restricted Subsidiary, at its option, may apply the
Net Proceeds from such Asset Sale

 

(1)          
to permanently repay or reduce:

 

(A)             
Obligations under a Credit Facility to the extent such Obligations were incurred under Section 1011(b)(1), and to correspondingly
reduce any outstanding commitments with respect thereto;

 

(B)             
Obligations under Senior Secured Indebtedness of the Issuer or a Guarantor, and to correspondingly reduce any outstanding
commitments with respect thereto;

 

    -94-

    	 

    

 

(C)             
Obligations under the Notes or any other Senior Indebtedness of the Issuer or any Restricted Subsidiary (and, in the case
of other Senior Indebtedness, to correspondingly reduce any outstanding commitments with respect thereto, if applicable); provided
that if the Issuer or any Restricted Subsidiary shall so repay any such other Senior Indebtedness other than the Notes, the
Issuer shall either reduce Obligations under the Notes on a pro rata basis by, at its option, (A) redeeming Notes as described
under Section 1101 or (B) purchasing notes through open market purchases, at a price equal to or higher than 100% of the principal
amount thereof, in a manner that complies with this Indenture and applicable securities law or make an offer (in accordance with
the procedures set forth below for an Asset Sale Offer) to all Holders to purchase their Notes on a ratable basis with such other
Senior Indebtedness for no less than 100% of the principal amount thereof, plus the amount of accrued but unpaid interest, if
any, thereon up to the principal amount of Notes to be repurchased; or

 

(D)             
Indebtedness of a Restricted Subsidiary that is not a Guarantor, other than Indebtedness owed to the Issuer or another
Restricted Subsidiary; or

 

(2)          
to make (a) an Investment in any one or more businesses; provided that such Investment in any business is in the
form of the acquisition of Capital Stock and results in the Issuer or a Restricted Subsidiary, as the case may be, owning an amount
of the Capital Stock of such business such that it constitutes or continues to constitute a Restricted Subsidiary, (b) capital
expenditures or (c) acquisitions of other property or assets, in the case of each of (a), (b) and (c), either (i) used or useful
in a Similar Business or (ii) that replace the businesses, properties and/or assets that are the subject of such Asset Sale; provided
that the Issuer and its Restricted Subsidiaries shall be deemed to have complied with this clause (2) if and to the extent
that, within 450 days after the Asset Sale that generated the Net Proceeds, the Issuer or such Restricted Subsidiary has entered
into and not abandoned or rejected a binding agreement to consummate any such investment described in this clause (2) with the
good faith expectation that such Net Proceeds will be applied to satisfy such commitment within 180 days of such commitment (an
“Acceptable Commitment”) and, in the event any Acceptable Commitment is later cancelled or terminated for any reason
before the Net Proceeds are applied in connection therewith, the Issuer or such Restricted Subsidiary enters into another Acceptable
Commitment (a “Second Commitment”) within 180 days of such cancellation or termination; provided further that
if any Second Commitment is later cancelled or terminated for any reason before such Net Proceeds are applied, then such Net Proceeds
shall constitute Excess Proceeds; or

 

(3)          
any combination of the foregoing.

 

(c)          
Within ten Business Days after the date that the balance of any Net Proceeds not invested or applied as permitted by clauses
(1), (2) and (3) above (any such Net Proceeds, whether from one or more Asset Sales, “Excess Proceeds”) exceeds
$40.0 million , the Issuer shall make an offer to all Holders of the Notes, and, if required by the terms of any Indebtedness
that is pari passu with the Notes (“Pari Passu Indebtedness”), to the holders of such Pari Passu Indebtedness
(an “Asset Sale Offer”), to purchase the maximum aggregate principal amount of Notes and such Pari Passu Indebtedness,
(with respect to the Notes only) in denominations of $2,000 initial principal amount and multiples of $1,000 thereafter, that
may be purchased out of the Excess Proceeds at an offer price, in the case of the Notes, in cash in an amount equal to 100% of
the principal amount thereof, plus accrued and unpaid interest, if any, to the date fixed for the closing of such offer, in accordance
with the procedures set forth in this Indenture. In the event that the Issuer or a Restricted Subsidiary prepays any Pari Passu
Indebtedness that is outstanding under a revolving credit or other committed loan facility pursuant to an Asset Sale Offer, the
Issuer or such Restricted Subsidiary shall cause the related loan commitment to be reduced in an amount equal to the principal
amount so prepaid.

 

    -95-

    	 

    

 

The
Issuer shall commence an Asset Sale Offer by transmitting electronically or by mailing the notice required pursuant to the terms
of this Indenture, with a copy to the Trustee. To the extent that the aggregate amount of Notes and, if applicable, Pari Passu
Indebtedness tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds (or, in the case of an Asset Sale Offer
being effected in advance of being required to do so by the Indenture, the amount of Net Proceeds the Issuer is offering to apply
in such Asset Sale Offer), the Issuer may use any remaining Excess Proceeds (or such amount offered) in any manner not prohibited
by this Indenture. If the aggregate principal amount of Notes and, if applicable, Pari Passu Indebtedness surrendered in an Asset
Sale Offer exceeds the amount of Excess Proceeds, the Trustee shall select the Notes to be purchased or repaid on a pro rata
basis based on the accreted value or principal amount of the Notes or such Pari Passu Indebtedness tendered or by lot or such
similar method in accordance with the procedures of the Depository; provided that no Notes of $2,000 or less shall be repurchased
in part. Upon completion of any such Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero, and in the case of
an Asset Sale Offer being effected in advance of being required to do so by the Indenture, the amount of Net Proceeds the Issuer
is offering to apply in such Asset Sale Offer shall be excluded in subsequent calculations of Excess Proceeds.

 

(d)          
Pending the final application of any Net Proceeds pursuant to this Section 1017, the Issuer or the applicable Restricted
Subsidiary may apply such Net Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility or otherwise
invest such Net Proceeds in any manner not prohibited by this Indenture.

 

(e)          
The Issuer shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to an
Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this
Indenture, the Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to have breached
its obligations described in this Indenture by virtue thereof.

 

(f)          
With respect to any partial redemption or repurchase of Notes made pursuant to this Indenture, if less than all of the
Notes are to be redeemed at any given time, selection of such Notes for redemption will be made by the Trustee (a) if the Notes
are listed on any securities exchange, in compliance with the requirements of the principal securities exchange on which the Notes
are listed, (b) on a pro rata basis to the extent practicable or such other method that the Trustee deems fair and appropriate
or (c) by lot or such other similar method in accordance with the procedures of the Depository; provided that no Notes
of $2,000 or less shall be redeemed or repurchased in part. The provisions under the Indenture relative to the Issuer’s obligation
to make an offer to repurchase the notes as a result of an Asset Sale may be waived or modified with the written consent of the
Holders of a majority in principal amount of the notes.

 

(g)          
Notices of purchase or redemption shall be delivered electronically or mailed by first-class mail, postage prepaid, at
least 15 but not more than 60 days before the purchase or redemption date to each Holder of Notes at such Holder’s registered
address or otherwise in accordance with the procedures of the Depository, except that redemption notices may be mailed more than
60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and
discharge of this Indenture. If any Note is to be purchased or redeemed in part only, any notice of purchase or redemption that
relates to such Note shall state the portion of the principal amount thereof that has been or is to be purchased or redeemed.

 

(h)          
If any Notes are to be purchased or redeemed in part only, the Issuer shall issue a new Note in principal amount equal
to the unredeemed portion of the original Note in the name of the Holder thereof upon cancellation of the original Note. Notes
called for redemption become due on the date fixed for redemption, unless such redemption is conditioned on the happening of a
future event. On and after the Redemption Date, unless the Issuer defaults in payment of the Redemption Price, interest shall
cease to accrue on Notes or portions thereof called for redemption, unless such redemption is conditioned on the happening of
a future event.

 

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SECTION
1018.           Suspension of Covenants.

 

(a)          
During any period of time that: (1) the Notes have Investment Grade Ratings from both Rating Agencies and (2) no Default
has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (1) and (2)
being collectively referred to as a “Covenant Suspension Event”), the Issuer and the Restricted Subsidiaries shall not
be subject to the following provisions of this Indenture:

 

(A)         clause (a)(4) of Section 801;

 

(B)         Section 1010;

 

(C)         Section 1011;

 

(D)         Section 1013;

 

(E)         Section 1014;

 

(F)         Section 1015; and

 

(G)         Section 1017;

 

(collectively,
the “Suspended Covenants”). Upon the occurrence of a Covenant Suspension Event (the date of such occurrence,
the “Suspension Date”), the amount of Excess Proceeds from Net Proceeds shall be set at zero. In the event that
the Issuer and the Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of the
foregoing, and on any subsequent date (the “Reversion Date”) one or both of the Rating Agencies withdraws its
Investment Grade Rating or downgrades the rating assigned to the Notes below an Investment Grade Rating, then the Issuer and the
Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants with respect to future events. The period
of time between the Suspension Date and the Reversion Date is referred to in this description as the “Suspension Period.”
Notwithstanding that the Suspended Covenants may be reinstated, no Default, Event of Default or breach of any kind shall be deemed
to exist under this Indenture, the Notes or the Guarantees with respect to the Suspended Covenants, and none of the Issuer or
any of its Subsidiaries shall bear any liability for any actions taken or events occurring during the Suspension Period, or any
actions taken at any time pursuant to any contractual obligation arising prior to the Reversion Date, as a result of a failure
to comply with the Suspended Covenants during the Suspension Period (or upon termination of the Suspension Period or after that
time based solely on events that occurred during the Suspension Period). The Issuer shall provide an Officer’s Certificate
to the Trustee indicating the occurrence of any Suspension Date or Reversion Date. The Trustee shall have no obligation to independently
determine or verify if such events have occurred or notify the Holders of any Suspension Date or Reversion Date. The Trustee may
provide a copy of such Officer’s Certificate to any Holder of Notes upon request.

 

(b)          
On the Reversion Date, all Indebtedness incurred, or Disqualified Stock issued, during the Suspension Period shall be classified
to have been incurred or issued pursuant to Section 1011(b)(3). On the Reversion Date, all Liens created, incurred or assumed
during the Suspension Period in compliance with this Indenture will be deemed to have been outstanding on the Issue Date, so that
they are classified as permitted under clause (7) of the definition of “Permitted Liens.” Calculations made after
the Reversion Date of the amount available to be made as Restricted Payments under Section 1010 shall be made as though Section
1010 had been in effect prior to, but not during, the Suspension Period. No Subsidiaries shall be designated as Unrestricted Subsidiaries
during any Suspension Period. Any Affiliate Transaction entered into after the Reversion Date pursuant to an agreement entered
into during any Suspension Period shall be deemed to be permitted pursuant Section 1013(b)(6). Any encumbrance or restriction
on the ability of any Restricted Subsidiary that is not a Guarantor to take any action described in Section 1014(a) through (c)
that becomes effective during any Suspension Period shall be deemed to be permitted pursuant to Section 1014(c)(1).

 

    -97-

    	 

    

 

(c)          
The Issuer shall give the Trustee prompt (and in any event not later than five Business Days after a Covenant Suspension
Event) written notice of any Covenant Suspension Event. In the absence of such notice, the Trustee shall assume the Suspended
Covenants apply and are in full force and effect. The Issuer shall give the Trustee prompt (and in any event not later than five
Business Days after a Covenant Suspension Event) written notice of any occurrence of a Reversion Date. After any such notice of
the occurrence of a Reversion Date, the Trustee shall assume the Suspended Covenants apply and are in full force and effect. 

 

ARTICLE
Eleven

REDEMPTION OF NOTES

 

SECTION
1101.           Right of Redemption.
At any time prior to August 15, 2016, the Issuer may redeem all or a part of the Notes, upon notice as set forth in Section 1105,
at a Redemption Price equal to 100% of the principal amount of Notes redeemed plus the Applicable Premium as of, and accrued and
unpaid interest, if any, to, but excluding, the date of redemption (the “Redemption Date”), subject to the rights
of Holders of record of Notes on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date.

 

On
and after August 15, 2016, the Issuer may redeem the Notes, in whole or in part, upon notice as set forth in Section 1105, at
the Redemption Prices (expressed as percentages of principal amount of Notes to be redeemed) set forth below, plus accrued and
unpaid interest thereon, if any, to, but excluding, the applicable Redemption Date, subject to the right of Holders of record
of Notes on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date, if redeemed during
the twelve-month period beginning on August 15 of each of the years indicated below:

 

	Year

        
	 	Percentage 

	2016 	 	105.156%
	2017 	 	103.438%
	2018 	 	101.719%
	2019 and thereafter 	 	100.000%

 

In
addition, until August 15, 2016, the Issuer may, at its option, upon notice as set forth in Section 1105, on one or more occasions
redeem up to 40% of the aggregate principal amount of Notes issued under this Indenture at a Redemption Price equal to 106.875%
of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but excluding, the applicable
Redemption Date, subject to the right of Holders of record of Notes on the relevant Regular Record Date to receive interest due
on the relevant Interest Payment Date, with the net cash proceeds of one or more Equity Offerings to the extent such net cash
proceeds are received or contributed to the Issuer; provided that at least 50% of the sum of the aggregate principal amount
of Notes originally issued under this Indenture (including any Additional Notes issued under this Indenture after the Issue Date)
remains outstanding immediately after the occurrence of each such redemption; provided, further, that each such
redemption occurs within 120 days of the date of closing of each such Equity Offering.

 

    -98-

    	 

    

 

SECTION
1102.           Applicability of Article.
Redemption of Notes at the election of the Issuer or otherwise, as permitted or required by any provision of this Indenture, shall
be made in accordance with such provision and this Article.

 

SECTION
1103.           Election to Redeem;
Notice to Trustee. In case of any redemption at the election of the Issuer, the Issuer shall, at least three Business Days
before notice of redemption is required to be sent to Holders pursuant to Section 1105 hereof (unless a shorter notice shall be
satisfactory to the Trustee) but not more than 60 days before a Redemption Date, notify the Trustee of such Redemption Date and
of the principal amount of Notes to be redeemed and shall deliver to the Trustee such documentation and records as shall enable
the Trustee to select the Notes to be redeemed pursuant to Section 1104.

 

SECTION
1104.           Selection by Trustee
of Notes to Be Redeemed. With respect to any partial redemption or repurchase of Notes made pursuant to this Indenture, if
less than all of the Notes are to be redeemed at any given time, selection of such Notes for redemption will be made by the Trustee
(a) if the Notes are listed on any securities exchange, in compliance with the requirements of the principal securities exchange
on which the Notes are listed, (b) on a pro rata basis to the extent practicable or such other method that the Trustee deems fair
and appropriate or (c) by lot or such other similar method in accordance with the procedures of the Depository; provided
that no Notes of $2,000 or less shall be redeemed or repurchased in part.

 

Notices
of purchase or redemption shall be delivered electronically or mailed by first-class mail, postage prepaid, at least 15 but not
more than 60 days before the purchase or Redemption Date to each Holder of Notes at such Holder’s registered address or otherwise
in accordance with the procedures of the Depository, except that redemption notices may be mailed more than 60 days prior to a
Redemption Date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture.
If any Note is to be purchased or redeemed in part only, any notice of purchase or redemption that relates to such Note shall
state the portion of the principal amount thereof that has been or is to be purchased or redeemed.

 

If
any Notes are to be purchased or redeemed in part only, the Issuer will issue a new Note in principal amount equal to the unredeemed
portion of the original Note in the name of the Holder thereof upon cancellation of the original Note. Notes called for redemption
become due on the date fixed for redemption, unless such redemption is conditioned on the happening of a future event. On and
after the Redemption Date, unless the Issuer defaults in payment of the Redemption Price, interest shall cease to accrue on Notes
or portions thereof called for redemption, unless such redemption is conditioned on the happening of a future event.

 

SECTION
1105.           Notice of Redemption.
Notice of redemption shall be given in the manner provided for in Section 107 not less than 15 nor more than 60 days prior to
the Redemption Date, to each Holder to be redeemed.

 

    -99-

    	 

    

 

All
notices of redemption shall state:

 

(1)          
the Redemption Date,

 

(2)          
the Redemption Price and the amount of accrued interest to the Redemption Date payable as provided in Section 1107, if
any,

 

(3)          
if less than all Outstanding Notes are to be redeemed, the identification (and, in the case of a partial redemption, the
principal amounts) of the particular Notes to be redeemed,

 

(4)          
in case any Note is to be redeemed in part only, the notice which relates to such Note shall state that on and after the
Redemption Date, upon surrender of such Note, the Holder will receive, without charge, a new Note or Notes of authorized denominations
for the principal amount thereof remaining unredeemed,

 

(5)          
that on the Redemption Date the Redemption Price (and accrued interest, if any, to the Redemption Date payable as provided
in Section 1107) will become due and payable upon each such Note, or the portion thereof, to be redeemed, and that interest thereon
will cease to accrue on and after said date,

 

(6)          
any condition precedent to the redemption;

 

(7)          
the place or places where such Notes are to be surrendered for payment of the Redemption Price and accrued interest, if
any,

 

(8)          
the name and address of the Paying Agent,

 

(9)          
that Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price,

 

(10)          
CUSIP, ISIN or “Common Code” number and that no representation is made as to the accuracy or correctness of the
CUSIP, ISIN or “Common Code” number, if any, listed in such notice or printed on the Notes, and

 

(11)          
the paragraph of the Notes pursuant to which the Notes are to be redeemed.

 

Notice
of redemption of Notes to be redeemed at the election of the Issuer shall be given by the Issuer or, at the Issuer’s request
and provision of such notice information two Business Days (unless a shorter notice shall be agreed to by the Trustee) prior to
the date notice is to be given, by the Trustee in the name and at the expense of the Issuer.

 

Any
redemption may, at the Issuer’s discretion, be subject to one or more conditions precedent, which shall be set forth in the
related notice of redemption, including, but not limited to, completion of an Equity Offering, other offering or other transaction
or event. In addition, if such redemption or purchase is subject to satisfaction of one or more conditions precedent, such notice
shall describe each such condition, and if applicable, shall state that, in the Issuer’s discretion, the Redemption Date
may be delayed until such time as any or all such conditions shall be satisfied, or such redemption or purchase may not occur
and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption
Date, or by the Redemption Date as so delayed.

 

    -100-

    	 

    

 

If
any such condition precedent has not been satisfied, the Company shall provide written notice to the Trustee prior to the close
of business two Business Days prior to the redemption date. Upon receipt of such notice, the notice of redemption shall be rescinded
and the redemption of the Notes shall not occur. Upon receipt, the Trustee shall provide such notice to each Holder of the Notes
in the same manner in which the notice of redemption was given.

 

The
Issuer and its Affiliates may acquire the Notes by means other than a redemption pursuant to this Article 11, whether by tender
offer, open market purchases, negotiated transactions or otherwise.

 

SECTION
1106.           Deposit of Redemption
Price. Prior to any Redemption Date, the Issuer shall deposit with the Trustee or with a Paying Agent (or, if the Issuer is
acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay
the Redemption Price of, and accrued interest on, all the Notes which are to be redeemed on that date.

 

SECTION
1107.           Notes Payable on Redemption
Date. Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become
due and payable, unless such redemption is conditioned on the happening of a future event, at the Redemption Price therein specified
(together with accrued interest to the Redemption Date), and from and after such date (unless the Issuer shall default in the
payment of the Redemption Price and accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Note
for redemption in accordance with said notice, such Note shall be paid by the Issuer at the Redemption Price, together with accrued
interest to the Redemption Date and such Notes shall be canceled by the Trustee; provided, that installments of interest
whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more Predecessor
Notes, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of
Section 307.

 

If
any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any)
shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes, unless such redemption is conditioned
on the happening of a future event.

 

SECTION
1108.           Notes Redeemed in Part.
Any Note which is to be redeemed only in part (pursuant to the provisions of this Article) shall be surrendered at an office or
agency of the Issuer maintained for such purpose pursuant to Section 1002 (with, if the Issuer or the Trustee so requires, due
endorsement by, or a written instrument of transfer in form satisfactory to the Issuer and the Trustee duly executed by, the Holder
thereof or such Holder’s attorney duly authorized in writing), and the Issuer shall execute, and the Trustee shall authenticate
and deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized denomination as requested
by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Note
so surrendered.

 

SECTION
1109.           [Reserved] 

 

SECTION
1110.           Mandatory Redemption. The
Issuer shall not be required to make any mandatory redemption or sinking fund payments with respect to the Notes.

 

ARTICLE
Twelve

GUARANTEES

 

SECTION
1201.           Guarantees. Subject
to this Article 12, each Guarantor hereby jointly and severally, unconditionally and irrevocably guarantees the Notes and obligations
of the Issuer hereunder and thereunder, and guarantees to each Holder of a Note authenticated and delivered by the Trustee, and
to the Trustee for itself and on behalf of such Holder, that: (1) the principal of (and premium, if any) and interest on the Notes
will be paid in full when due, whether at Stated Maturity, by acceleration or otherwise (including the amount that would become
due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Law), together with interest on the overdue
principal, if any, and interest on any overdue interest, to the extent lawful, and all other obligations of the Issuer to the
Holders or the Trustee hereunder or thereunder will be paid in full or performed, all in accordance with the terms hereof and
thereof; and (2) in case of any extension of time of payment or renewal of any Notes or of any such other obligations, the same
shall be paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity,
by acceleration or otherwise, subject, however, in the case of clauses (1) and (2) above, to the limitation set forth in Section
1204 hereof.

 

    -101-

    	 

    

 

Each
Guarantor hereby agrees (to the extent permitted by applicable law) that its obligations hereunder shall be unconditional, irrespective
of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any
waiver or consent by any Holder with respect to any provisions hereof or thereof, any release of any other Guarantor, the recovery
of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute
a legal or equitable discharge or defense of a Guarantor.

 

Each
Guarantor hereby waives (to the extent permitted by law) the benefits of diligence, presentment, demand for payment, filing of
claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the
Issuer or any other Person, protest, notice and all demands whatsoever and covenants that the Guarantee of such Guarantor shall
not be discharged as to any Note except by complete performance of the obligations contained in such Note, this Indenture and
such Guarantee. Each Guarantor acknowledges that the Guarantee is a guarantee of payment, performance and compliance when due
and not of collection. Each of the Guarantors hereby agrees that, in the event of a default in payment of principal (or premium,
if any) or interest on such Note, whether at its Stated Maturity, by acceleration, purchase or otherwise, legal proceedings may
be instituted by the Trustee on behalf of, or by, the Holder of such Note, subject to the terms and conditions set forth in this
Indenture, directly against each of the Guarantors to enforce such Guarantor’s Guarantee without first proceeding against
the Issuer or any other Guarantor. Each Guarantor agrees that if, after the occurrence and during the continuance of an Event
of Default, the Trustee or any of the Holders are prevented by applicable law from exercising their respective rights to accelerate
the Maturity of the Notes, to collect interest on the Notes, or to enforce or exercise any other right or remedy with respect
to the Notes, such Guarantor shall pay to the Trustee for the account of the Holder, upon demand therefor, the amount that would
otherwise have been due and payable had such rights and remedies been permitted to be exercised by the Trustee or any of the Holders.

 

If
any Holder or the Trustee is required by any court or otherwise to return to the Issuer or any Guarantor, or any custodian, trustee,
liquidator or other similar official acting in relation to either the Issuer or any Guarantor, any amount paid by any of them
to the Trustee or such Holder, the Guarantee of each of the Guarantors, to the extent theretofore discharged, shall be reinstated
in full force and effect. Each Guarantor further agrees that, as between each Guarantor, on the one hand, and the Holders and
the Trustee on the other hand, (1) subject to this Article Twelve, the Maturity of the obligations guaranteed hereby may be accelerated
as provided in Article Five hereof for the purposes of the Guarantee of such Guarantor notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any acceleration
of such obligation as provided in Article Five hereof, such obligations (whether or not due and payable) shall forthwith become
due and payable by each Guarantor for the purpose of the Guarantee of such Guarantor.

 

    -102-

    	 

    

 

Each
Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Issuer
for liquidation, reorganization, should the Issuer become insolvent or make an assignment for the benefit of creditors or should
a receiver or trustee be appointed for all or any significant part of the Issuer’s assets, and shall, to the fullest extent
permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the
Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee
on the Notes, whether as a “voidable preference”, “fraudulent transfer” or otherwise, all as though such payment
or performance had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned,
the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so
rescinded, reduced, restored or returned.

 

SECTION
1202.           Severability. In
case any provision of any Guarantee shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby to the extent permitted by applicable law.

 

SECTION
1203.           Restricted Subsidiaries.
The Issuer shall cause any Restricted Subsidiary required to guarantee payment of the Notes pursuant to the terms and provisions
of Section 1015 to execute and deliver to the Trustee any amendment or supplement to this Indenture in accordance with the provisions
of Article Nine of this Indenture pursuant to which such Restricted Subsidiary shall guarantee all of the obligations on the Notes,
whether for principal, premium, if any, interest (including interest accruing after the filing of, or which would have accrued
but for the filing of, a petition by or against the Issuer under any Bankruptcy Law, whether or not such interest is allowed as
a claim after such filing in any proceeding under such law) and other amounts due in connection therewith (including any fees,
expenses and indemnities), on an unsecured senior basis. Upon the execution of any such amendment or supplement, the obligations
of the Guarantors and any such Restricted Subsidiary under their respective Guarantees shall become joint and several and each
reference to the “Guarantor” in this Indenture shall, subject to Section 1208, be deemed to refer to all Guarantors,
including such Restricted Subsidiary. Such Guarantee shall be released in accordance with Section 803 and Section 1208.

 

SECTION
1204.           Limitation of Guarantors’
Liability. Each Guarantor
and by its acceptance hereof each Holder confirms that it is the intention of all such parties that the guarantee by each such
Guarantor pursuant to its Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the
Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law or the provisions of
its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Holders and each such
Guarantor hereby irrevocably agree that the obligations of such Guarantor under its Guarantee shall be limited to the maximum
amount that will not, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect
to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor
under its Guarantee or pursuant to this Section 1204, result in the obligations of such Guarantor under its Guarantee constituting
such fraudulent transfer or conveyance.

 

SECTION
1205.           Contribution. In
order to provide for just and equitable contribution among the Guarantors, the Guarantors agree, inter se, that in the
event any payment or distribution is made by any Guarantor (a “Funding Guarantor”) under a Guarantee, such Funding Guarantor
shall be entitled to a contribution from all other Guarantors in a pro rata amount based on the Adjusted Net Assets (as
defined below) of each Guarantor (including the Funding Guarantor) for all payments, damages and expenses incurred by that Funding
Guarantor in discharging the Issuer’s obligations with respect to the Notes or any other Guarantor’s obligations with
respect to the Guarantee of such Guarantor. “Adjusted Net Assets” of such Guarantor at any date shall mean the lesser
of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including
contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but
excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable
value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such
Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding
debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

 

    -103-

    	 

    

 

SECTION
1206.           Subrogation. Each
Guarantor shall be subrogated to all rights of Holders against the Issuer in respect of any amounts paid by any Guarantor pursuant
to the provisions of Section 1201; provided that, if an Event of Default has occurred and is continuing, no Guarantor shall
be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then
due and payable by the Issuer under this Indenture or the Notes shall have been paid in full.

 

SECTION
1207.           Reinstatement. Each
Guarantor hereby agrees (and each Person who becomes a Guarantor shall agree) that the Guarantee provided for in Section 1201
shall continue to be effective or be reinstated, as the case may be, if at any time, payment, or any part thereof, of any obligations
or interest thereon is rescinded or must otherwise be restored by a Holder to the Issuer upon the bankruptcy or insolvency of
the Issuer or any Guarantor.

 

SECTION
1208.           Release of a Guarantor.
Any Guarantee by a Guarantor of the Notes shall be automatically and unconditionally released and discharged upon:

 

(1)          
(A)          any sale, exchange or transfer (by merger or otherwise)
of (i)  the Capital Stock of such Guarantor (including any sale, exchange or transfer) after which the applicable Guarantor
is no longer a Restricted Subsidiary or (ii) all the assets of such Guarantor, which sale, exchange or transfer is made in
compliance with the applicable provisions of this Indenture;

 

(B)          
the release or discharge of the guarantee by, or direct obligation of, such Guarantor with respect to the Senior Credit
Facilities or the guarantee or direct obligation which resulted in the creation of such Guarantee, except a discharge or release
by or as a result of payment under such guarantee or direct obligation;

 

(C)          
the designation of any Restricted Subsidiary that is a Guarantor as an Unrestricted Subsidiary in compliance with the applicable
provisions of this Indenture;

 

(D)         
the exercise of the Legal Defeasance of the Notes under Section 1302 hereof, and the Covenant Defeasance of the Notes under
Section 1303 hereof, or if the Issuer’s obligations under this Indenture are discharged in accordance with Section 401 of
this Indenture;

 

(E)          
the merger or consolidation of any Guarantor with and into the Issuer or another Guarantor that is the surviving Person
in such merger or consolidation, or upon the liquidation of such Guarantor following the transfer of all of its assets to the
Issuer or another Guarantor; or

 

(F)          
as described under Section 901 or 902; and

 

    -104-

    	 

    

 

(2)          
such Guarantor delivering to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to such transaction have been complied with.

 

SECTION
1209.           Benefits Acknowledged.
Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by
this Indenture and from its guarantee and waivers pursuant to its Guarantees under this Article Twelve.

 

SECTION
1210.           Effectiveness of Guarantees.

 

This
Indenture shall be effective upon its execution and delivery by the parties hereto. The provisions set forth in this Article Twelve
will only become operative concurrently with the consummation of the Acquisition.

 

ARTICLE
Thirteen

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

 

SECTION
1301.           Issuer’s Option
to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at its option, at any time, with respect to the Notes,
elect to have either Section 1302 or Section 1303 be applied to all Outstanding Notes upon compliance with the conditions set
forth below in this Article Thirteen.

 

SECTION
1302.           Legal Defeasance and
Discharge. Upon the Issuer’s exercise under Section 1301 of the option applicable to this Section 1302, each of the Issuer
and the Guarantors shall be deemed to have been discharged from its respective obligations with respect to all Outstanding Notes
on the date the conditions set forth in Section 1304 are satisfied (hereinafter, “Legal Defeasance”). For this purpose,
such Legal Defeasance means that each of the Issuer and the Guarantors shall be deemed to have paid and discharged the entire
indebtedness represented by the Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the
purposes of Section 1305 and the other Sections of this Indenture referred to in (1) and (2) below, and to have satisfied all
its other obligations under such Notes and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense
of the Issuer, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise
terminated or discharged hereunder: (1) the rights of Holders of Outstanding Notes to receive payments in respect of the principal
of (and premium, if any, on) and interest on such Notes when such payments are due, solely out of the trust described in Section
1304, (2) the Issuer’s obligations with respect to such Notes under Sections 303, 304, 305, 306,1002 and 1003, (3) the rights,
powers, trusts, duties and immunities of the Trustee hereunder, and the obligations of each of the Guarantors and the Issuer in
connection therewith and (4) this Article Thirteen. Subject to compliance with this Article Thirteen, the Issuer may exercise
its option under this Section 1302 notwithstanding the prior exercise of its option under Section 1303 with respect to the Notes.

 

SECTION
1303.           Covenant Defeasance.
Upon the Issuer’s exercise under Section 1301 of the option applicable to this Section 1303, each of the Issuer and the Guarantors
shall be released from its respective obligations under any covenant contained in Sections 801 and 802 and in Sections 1005, 1006,
1007 and 1009 through and including 1017 with respect to the Outstanding Notes on and after the date the conditions set forth
below are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not to be “Outstanding”
for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection
with such covenants, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose,
such Covenant Defeasance means that, with respect to the Outstanding Notes, the Issuer or any Guarantor, as applicable, may omit
to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether
directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any
such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default
or an Event of Default under Sections 501(3), 501(4), 501(5), and 501(7) and, with respect to only any Significant Subsidiary
and not the Issuer, Section 501(6), but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected
thereby.

 

    -105-

    	 

    

 

SECTION
1304.           Conditions to Legal
Defeasance or Covenant Defeasance. The following shall be the conditions to application of either Section 1302 or Section
1303 to the Outstanding Notes:

 

(1)          
the Issuer shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the
requirements of Section 608 who shall agree to comply with the provisions of this Article Thirteen applicable to it) as trust
funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to
the benefit of the Holders of such Notes; (A) cash in U.S. dollars, or (B) Government Securities, or (C) a combination thereof,
in such amounts as will be sufficient, in the written opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the
Trustee (or other qualifying trustee) to pay and discharge, the principal of (and premium, if any) and interest on the Outstanding
Notes at the Stated Maturity (or Redemption Date, if applicable and so indicated to the Trustee in writing); provided that
the Trustee shall have been irrevocably instructed to apply such cash or the proceeds of such Government Securities or combination
thereof to said payments with respect to the Notes. Before such a deposit, the Issuer may give to the Trustee, in accordance with
Section 1103 hereof, a notice of its election to redeem all of the Outstanding Notes at a future date in accordance with Article
Eleven hereof, which notice shall be irrevocable. Such irrevocable redemption notice, if given, shall be given effect in applying
the foregoing;

 

(2)          
in the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel in the United States
reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions,

 

(A)         
the Issuer has received from, or there has been published by, the United States Internal Revenue Service a ruling, or

 

(B)         
since the issuance of the Notes, there has been a change in the applicable U.S. Federal income tax law,

 

in
either case to the effect that, and based thereon such Opinion of Counsel in the United States shall confirm that, subject to
customary assumptions and exclusions, the Holders of the Outstanding Notes will not recognize income, gain or loss for U.S. Federal
income tax purposes as a result of such Legal Defeasance and will be subject to U.S. Federal income tax on the same amounts, in
the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred;

 

(3)          
in the case of Covenant Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel in the United
States reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, the Holders of the
Outstanding Notes will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Covenant Defeasance
and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as would have been
the case if such Covenant Defeasance had not occurred;

 

    -106-

    	 

    

 

(4)          
no Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit and any
similar and simultaneous deposit relating to other Indebtedness, and, in each case the granting of Liens in connection therewith)
with respect to the Notes issued hereunder shall have occurred and be continuing on the date of such deposit;

 

(5)          
such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under
the Senior Credit Facilities or any other material agreement or instrument (other than this Indenture) to which, the Issuer or
any Guarantor is a party or by which the Issuer or any Guarantor is bound (other than that resulting from borrowing funds to be
applied to make such deposit and any similar and simultaneous deposit relating to other Indebtedness and, in each case, the granting
of Liens in connection therewith);

 

(6)          
the Issuer shall have delivered to the Trustee an Opinion of Counsel to the effect that, as of the date of such opinion
and subject to customary assumptions and exclusions following the deposit, the trust funds will not be subject to the effect of
Section 547 of Title 11 of the United States Code;

 

(7)          
the Issuer shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the
Issuer with the intent of defeating, hindering, delaying or defrauding any creditors of the Issuer or any Guarantor or others;
and

 

(8)          
the Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that
all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have
been complied with.

 

SECTION
1305.           Deposited Money and
Government Securities To Be Held in Trust Other Miscellaneous Provisions. Subject to the provisions of the last paragraph
of Section 1003, all cash and Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying
trustee, collectively for purposes of this Section 1305, the “Qualifying Trustee”) pursuant to Section 1304 in respect
of the Outstanding Notes shall be held in trust and applied by the Qualifying Trustee, in accordance with the provisions of such
Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own
Paying Agent) as the Qualifying Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon
in respect of principal (and premium, if any) and interest, but such money or Government Securities need not be segregated from
other funds except to the extent required by law.

 

the
Issuer shall pay and indemnify the Qualifying Trustee against any tax, fee or other charge imposed on or assessed against the
Government Securities deposited pursuant to Section 1304 or the principal and interest received in respect thereof other than
any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding Notes.

 

    -107-

    	 

    

 

Anything
in this Article Thirteen to the contrary notwithstanding, the Qualifying Trustee shall deliver or pay to the Issuer from time
to time upon Issuer Request any money or Government Securities held by it as provided in Section 1304 which, in the opinion of
a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Qualifying
Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent Legal Defeasance
or Covenant Defeasance, as applicable, in accordance with this Article.

 

SECTION
1306.           Reinstatement. If
the Trustee or any Paying Agent is unable to apply any money or Government Securities in accordance with Section 1305 by reason
of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application,
then the Issuer’s and each Guarantor’s obligations under this Indenture and the Outstanding Notes shall be revived and
reinstated as though no deposit had occurred pursuant to Section 1302 or 1303, as the case may be, until such time as the Trustee
or Paying Agent is permitted to apply all such money or Government Securities in accordance with Section 1305; provided that,
if the Issuer makes any payment of principal of (or premium, if any) or interest on any Note following the reinstatement of its
obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money
or Government Securities held by the Trustee or Paying Agent.

 

[Signature
Pages Follow]

 

    -108-

    	 

    

 

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

 

	 	RENAISSANCE ACQUISITION CORP.
	 	 	 
	 	By:	/s/
    Joshua Weisenbeck
	 	 	Name:
	 	 	Title:
	 	 	 
	 	GARDNER DENVER HOLDINGS, INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	BEST AIRE, LLC.
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	LEROI INTERNATIONAL, INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	GARDNER DENVER FINANCE LLC .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	GARDNER DENVER INTERNATIONAL, INC.
    .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President

 

    -109-

    	 

    

 

	 	GARDNER DENVER NASH LLC .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	GARDNER DENVER OBERDORFER PUMPS,
    INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	GARDNER DENVER THOMAS, INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	GD ARIA US FINANCE LLC .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	GD ARIA FINANCE LLC #2.
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	THOMAS INDUSTRIES INC. .
	 	 	 
	 	By:	 /s/ Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President

 

    -110-

    	 

    

 

	 	ROBUSCHI USA INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	EMCO WHEATON USA, INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	GARDNER DENVER WATER JETTING SYSTEMS,
    INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	AIR-RELIEF, INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	TCM INVESTMENTS, INC. .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President
	 	 	 
	 	COMP AIR SOUTHERN CALIFORNIA, INC.
    .
	 	 	 
	 	By:	/s/
    Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title: President

 

    -111-

    	 

    

 

The
undersigned agrees to act as Trustee, Paying Agent, Note Registrar and Transfer Agent:

 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
    as Trustee
	 	 	 
	 	By: 	/s/
    Raymond Delli Colli
	 	 	Name: Raymond Delli Colli
	 	 	Title: Vice President

 

    -1-

    	 

    

 

Annex
1 - Rule 144A / Regulation S Appendix

 

PROVISIONS
RELATING TO INITIAL NOTES

 

		1.	Definitions

 

		1.1	Definitions.

 

For
the purposes of this Appendix the following terms shall have the meanings indicated below:

 

“Applicable
Procedures” means, with respect to any transfer or transaction involving a Temporary Regulation S Global Note or beneficial
interest therein, the rules and procedures of the Depository for such a Temporary Regulation S Global Note, to the extent applicable
to such transaction and as in effect from time to time.

 

“Depository”
means The Depository Trust Company, its nominees and their respective successors.

 

“Definitive
Note” means a certificated Note bearing, if required, the appropriate restricted notes legend set forth in Section 2.3(e).

 

“Distribution
Compliance Period”, with respect to any Notes, means the period of 40 consecutive days beginning on and including the latest
of the Issue Date, the original issue date of the issuance of any Additional Notes and the date on which any such Notes (or any
predecessor of such Notes) were first offered to persons other than distributors (as defined in rule 902 of Regulation S) in reliance
on Regulation S.

 

“IAI”
means an institutional “accredited investor”, as defined in Rule 501(a)(1), (2), (3) and (7) of Regulation D under the
Securities Act.

 

“Initial
Purchasers” means (1) with respect to the Notes issued on the Issue Date, Deutsche Bank Securities Inc., UBS Securities LLC,
Citigroup Global Markets Inc., Barclays Capital, Inc., Mizuho Securities USA Inc., RBC Capital Markets, LLC, KKR Capital Markets
LLC, HSBC Securities (USA) Inc, Macquarie Capital (USA) Inc., and SMBC Nikko Securities America, Inc., and (2) with respect to
each issuance of Additional Notes, the Persons purchasing such Additional Notes under the related Purchase Agreement.

 

“Notes”
means (1) $575,000,000 aggregate principal amount of 6.875% Senior Notes Due 2021 issued on the Issue Date and (2) Additional
Notes, if any.

 

“Notes
Custodian” means the custodian with respect to a Global Notes (as appointed by the Depository), or any successor Person thereto
and shall initially be the Trustee.

 

“Purchase
Agreement” means (1) with respect to the Notes issued on the Issue Date, the Purchase Agreement dated July 22, 2013, among
the Issuer, the Guarantors party thereto and the Representative on behalf of the Initial Purchasers, and (2) with respect to each
issuance of Additional Notes, the purchase agreement or underwriting agreement among the Issuer, the Guarantors and the Persons
purchasing such Additional Notes.

 

     

     

    

 

“QIB”
means a “qualified institutional buyer” as defined in Rule 144A.

 

“Representative”
means Deutsche Bank Securities, Inc., as representative of the Initial Purchasers.

 

“Rule
144A Notes” means all Notes offered and sold to QIBs in reliance on Rule 144A.

 

“Securities
Act” means the Securities Act of 1933.

 

“Transfer
Restricted Notes” means Notes that bear or are required to bear the legend relating to restrictions on transfer relating
to the Securities Act set forth in Section 2.3(e) hereto.

 

		1.2	Other
Definitions.

 

	Term	 	Defined
    in

    Section:
	“Agent
    Members” 	 	2.1(b)
	“Global
    Notes” 	 	2.1(a)
	“Regulation
    S” 	 	2.1(a)
	“Permanent
    Regulation S Global Note” 	 	2.1(a)
	“Rule
    144A” 	 	2.1(a)
	“Rule
    144A Global Note” 	 	2.1(a)
	“Temporary
    Regulation S Global Note” 	 	2.1(a)

 

		2.	The
Notes.

 

2.1         (a)
Form and Dating. The Notes will be offered and sold by the Issuer pursuant to a Purchase Agreement. The Notes will be resold
initially only to (i) QIBs in reliance on Rule 144A under the Securities Act (“Rule 144A”) and (ii) Persons other than
U.S. Persons (as defined in Regulation S) in reliance on Regulation S under the Securities Act (“Regulation S”). Notes
may thereafter be transferred to, among others, QIBs, IAIs and purchasers in reliance on Regulation S, subject to the restrictions
on transfer set forth herein. Notes initially resold pursuant to Rule 144A shall be issued initially in the form of one or more
permanent global notes in fully registered form (collectively, the “Rule 144A Global Note”); and Notes initially resold
pursuant to Regulation S shall be issued initially in the form of one or more temporary global notes in fully registered form
(collectively, the “Temporary Regulation S Global Note”), in each case without interest coupons and with the global
notes legend and the applicable restricted notes legend set forth in Exhibit 1 hereto, which shall be deposited on behalf of the
purchasers of the Notes represented thereby with the Notes Custodian and registered in the name of the Depositorya,
duly executed by the Issuer and authenticated by the Trustee as provided in this Indenture. Except as set forth in this Section
2.1(a), beneficial ownership interests in the Temporary Regulation S Global Note will not be exchangeable for interests in a Rule
144A Global Note, a permanent global note (the “Permanent Regulation S Global Note”, and together with the Temporary
Regulation S Global Note, the “Regulation S Global Note”) or any other Note prior to the expiration of the Distribution
Compliance Period and then, after the expiration of the Distribution Compliance Period, may be exchanged for interests in a Rule
144A Global Note, the Permanent Regulation S Global Note or a Definitive Note only (i) upon certification in form reasonably satisfactory
to the Trustee that beneficial ownership interests in such Temporary Regulation S Global Note are owned either by non-U.S. persons
or U.S. persons who purchased such interests in a transaction that did not require registration under the Securities Act, and
(ii) in the case of an exchange for a Definitive Note, in compliance with the requirements of Section 2.4(a) hereof.

 

 

 

		a	Depository
                                         is defined to include DTC’s nominee.

 

    -2- 

     

    

 

 Beneficial
interests in Temporary Regulation S Global Notes may be exchanged for interests in Rule 144A Global Notes if (1) such exchange
occurs in connection with a transfer of Notes in compliance with Rule 144A and (2) the transferor of the beneficial interest in
the Temporary Regulation S Global Note first delivers to the Trustee a written certificate (in a form satisfactory to the Trustee)
to the effect that the beneficial interest in the Temporary Regulation S Global Note is being transferred to a Person (a) whom
the transferor reasonably believes to be a QIB, (b) purchasing for its own account or the account of a QIB in a transaction meeting
the requirements of Rule 144A, and (c) in accordance with all applicable securities laws of the States of the United States and
other jurisdictions.

 

Beneficial
interests in a Rule 144A Global Note may be transferred to a Person who takes delivery in the form of an interest in a Regulation
S Global Note, whether before or after the expiration of the Distribution Compliance Period, only if the transferor first delivers
to the Trustee a written certificate (in the form provided in this Indenture) to the effect that such transfer is being made in
accordance with Rule 903 or 904 of Regulation S or Rule 144 (if applicable).

 

The
Rule 144A Global Note, the Temporary Regulation S Global Note and the Permanent Regulation S Global Note are collectively referred
to herein as “Global Notes”. The aggregate principal amount of the Global Notes may from time to time be increased or
decreased by adjustments made on the records of the Trustee and the Depository or its nominee as hereinafter provided.

 

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

 

The
Issuer shall execute and the Trustee shall, in accordance with this Section 2.1(b), authenticate and deliver initially one or
more Global Notes that (a) shall be registered in the name of the Depository and (b) shall be delivered by the Trustee to such
Depository or pursuant to such Depository’s instructions or held by the Trustee as custodian for the Depository.

 

Members
of, or participants in the Depository (“Agent Members”) shall have no rights under this Indenture with respect to any
Global Note held on their behalf by the Depository or by the Trustee as the custodian of the Depository or under such Global Note,
and the Issuer, the Trustee and any agent of the Issuer or the Trustee shall be entitled to treat the Depository as the absolute
owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer,
the Trustee or any agent of the Issuer or the Trustee from giving effect to any written certification, proxy or other authorization
furnished by the Depository or impair as between the Depository and its Agent Members, the operation of customary practices of
such Depository governing the exercise of the rights of a holder of a beneficial interest in any Global Note.

 

(c)          Definitive
Notes. Except as provided in this Section 2.1, 2.3 or 2.4, owners of beneficial interests in Global Notes shall not be entitled
to receive physical delivery of Definitive Notes.

 

2.2          Authentication.
The Trustee shall authenticate and deliver: (1) on the Issue Date, an aggregate principal amount of $575,000,000 6.875% Senior
Notes Due 2021 and (2) any Additional Notes for an original issue in an aggregate principal amount specified in the written order
of the Issuer pursuant to Section 202 of this Indenture, in each case upon a written order of the Issuer signed by two Officers
or by an Officer and either an Assistant Treasurer or an Assistant Secretary of the Issuer. Such order shall specify the amount
of the Notes to be authenticated and the date on which the original issue of Notes is to be authenticated and, in the case of
any issuance of Additional Notes pursuant to Section 313 of this Indenture, shall certify that such issuance is in compliance
with Section 1011 of this Indenture.

 

    -3- 

     

    

 

		2.3	Transfer
and Exchange.

 

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

 

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

 

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

 

the
Note Registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such transaction
are met; provided, however, that the Definitive Notes surrendered for transfer or exchange:

 

(i)          shall
be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Issuer and the Note
Registrar, duly executed by the Holder thereof or its attorney duly authorized in writing; and

 

(ii)          if
such Definitive Notes are required to bear a restricted notes legend, they are being transferred or exchanged pursuant to an effective
registration statement under the Securities Act, pursuant to Section 2.3(b) or pursuant to clause (A), (B) or (C) below, and are
accompanied by the following additional information and documents, as applicable:

 

(A)          if
such Definitive Notes are being delivered to the Note Registrar by a Holder for registration in the name of such Holder, without
transfer, a certification from such Holder to that effect; or

 

(B)          if
such Definitive Notes are being transferred to the Issuer, a certification to that effect; or

 

(C)          if
such Definitive Notes are being transferred (x) pursuant to an exemption from registration in accordance with Rule 144A, Regulation
S or Rule 144 under the Securities Act; or (y) in reliance upon another exemption from the requirements of the Securities Act:
(i) a certification to that effect (in the form set forth on the reverse of the Note) and (ii) if the Issuer so requests, an opinion
of counsel or other evidence reasonably satisfactory to it as to the compliance with the restrictions set forth in the legend
set forth in Section 2.3(e)(i).

 

(b)          Restrictions
on Transfer of a Definitive Note for a Beneficial Interest in a Global Note. A Definitive Note may not be exchanged for a
beneficial interest in a Rule 144A Global Note or a Regulation S Global Note except upon satisfaction of the requirements set
forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by appropriate instruments of transfer,
in form satisfactory to the Trustee, together with:

 

(i)          certification,
in the form set forth on the reverse of the Note, that such Definitive Note is either (A) being transferred to a QIB in accordance
with Rule 144A or (B) being transferred to an IAI or (C) being transferred after expiration of the Distribution Compliance Period
by a Person who initially purchased such Note in reliance on Regulation S to a buyer who elects to hold its interest in such Note
in the form of a beneficial interest in the Regulation S Global Note; and

 

    -4- 

     

    

 

(ii)         written
instructions directing the Trustee to make, or to direct the Notes Custodian to make, an adjustment on its books and records with
respect to such Rule 144A Global Note (in the case of a transfer pursuant to clause (b)(i)(A)) or Regulation S Global Note (in
the case of a transfer pursuant to clause (b)(i)(B)) to reflect an increase in the aggregate principal amount of the Notes represented
by the Rule 144A Global Note or Regulation S Global Note, as applicable, such instructions to contain information regarding the
Agent Member account to be credited with such increase,

 

then
the Trustee shall cancel such Definitive Note and cause, or direct the Notes Custodian to cause, in accordance with the standing
instructions and procedures of the Depository and the Notes Custodian, the aggregate principal amount of Notes represented by
the Rule 144A Global Note or Regulation S Global Note, as applicable, to be increased by the aggregate principal amount of the
Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions
a beneficial interest in the Rule 144A Global Note or Regulation S Global Note, as applicable, equal to the principal amount of
the Definitive Note so canceled. If no Rule 144A Global Notes or Regulation S Global Notes, as applicable, are then outstanding,
the Issuer shall issue and the Trustee shall authenticate, upon written order of the Issuer in the form of an Officer’s Certificate
of the Issuer, a new Rule 144A Global Note or Regulation S Global Note, as applicable, in the appropriate principal amount.

 

(c)          Transfer
and Exchange of Global Notes.

 

(i)          The
transfer and exchange of Global Notes or beneficial interests therein shall be effected through the Depository, in accordance
with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depository
therefor. A transferor of a beneficial interest in a Global Note shall deliver to the Note Registrar a written order given in
accordance with the Depository’s procedures containing information regarding the participant account of the Depository to
be credited with a beneficial interest in the Global Note. The Note Registrar shall, in accordance with such instructions instruct
the Depository to credit to the account of the Person specified in such instructions a beneficial interest in the Global Note
and to debit the account of the Person making the transfer the beneficial interest in the Global Note being transferred.

 

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

 

(iii)        Notwithstanding
any other provisions of this Appendix (other than the provisions set forth in Section 2.4), a Global Note may not be transferred
as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another
nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository.

 

(iv)        In
the event that a Global Note is exchanged for a Definitive Note pursuant to Section 2.4 of this Appendix, such Notes may be exchanged
only in accordance with such procedures as are substantially consistent with the provisions of this Section 2.3 (including the
certification requirements set forth on the reverse of the Notes intended to ensure that such transfers comply with Rule 144A,
Regulation S or another applicable exemption under the Securities Act, as the case may be) and such other procedures as may from
time to time be adopted by the Issuer.

 

    -5- 

     

    

 

(v)         During
the Distribution Compliance Period, beneficial ownership interests in Temporary Regulation S Global Notes may only be sold, pledged
or transferred in accordance with the Applicable Procedures and only (i) to the Issuer, (ii) in an offshore transaction in accordance
with Regulation S (other than a transaction resulting in an exchange for an interest in a Permanent Regulation S Global Note)
or (iii) pursuant to an effective registration statement under the Securities Act, in each case in accordance with any applicable
securities laws of any State of the United States.

 

(e)          Legend.

 

(i)          Except
as permitted by the following paragraphs (ii), (iii) and (iv), each Note certificate evidencing the Global Notes (and all Notes
issued in exchange therefor or in substitution thereof), in the case of Notes offered otherwise than in reliance on Regulation
S shall bear a legend in substantially the following form:

 

THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH
BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED
IN RULE 144A UNDER THE SECURITIES ACT), OR (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION
IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT, (2) AGREES THAT IT WILL NOT UNTIL THE DATE THAT IS [IN THE CASE OF RULE
144A NOTES: ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL
NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR
OF SUCH SECURITY),] [IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL
ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS
FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S] RESELL
OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) INSIDE THE UNITED STATES TO A QUALIFIED
INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) INSIDE THE UNITED STATES TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT) (AN “ACCREDITED INVESTOR”) THAT,
PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER DEALER) TO THE TRUSTEE A SIGNED LETTER CONTAINING
CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER OF THE NOTES (THE FORM OF WHICH LETTER CAN BE
OBTAINED FROM SUCH TRUSTEE), (D) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES
ACT (IF AVAILABLE), (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE),
(F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF
COUNSEL IF THE ISSUER SO REQUESTS), OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES
THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. AS
USED HEREIN, THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING
GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.

 

    -6- 

     

    

 

Each
Definitive Note shall also bear the following additional legend:

 

IN
CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION
AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

 

(ii)         Upon
any sale or transfer of a Transfer Restricted Note (including any Transfer Restricted Note represented by a Global Note) pursuant
to Rule 144 under the Securities Act, the Note Registrar shall permit the transferee thereof to exchange such Transfer Restricted
Note for a certificated Note that does not bear the legend set forth above and rescind any restriction on the transfer of such
Transfer Restricted Note, if the transferor thereof certifies in writing to the Note Registrar that such sale or transfer was
made in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Note).

 

(f)          Cancellation
or Adjustment of Global Note. At such time as all beneficial interests in a Global Note have either been exchanged for Definitive
Notes, redeemed, purchased or canceled, such Global Note shall be returned to the Depository for cancellation or retained and
canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for
certificated Notes, redeemed, purchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced
and an adjustment shall be made on the books and records of the Trustee (if it is then the Notes Custodian for such Global Note)
with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect such reduction.

 

(g)         No
Obligation of the Trustee.

 

(i)          The
Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in
the Depository or other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant
or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member,
beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption) or the payment
of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments
to be made to Holders under the Notes shall be given or made only to or upon the order of the registered Holders (which shall
be the Depository or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised
only through the Depository subject to the applicable rules and procedures of the Depository. The Trustee may rely and shall be
fully protected in relying upon information furnished by the Depository with respect to its members, participants and any beneficial
owners.

 

    -7- 

     

    

 

(ii)          The
Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers
between or among the Depository participants, members or beneficial owners in any Global Note) other than to require delivery
of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required
by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements
hereof.

 

		2.4	Definitive
Notes.

 

(a)          A
Global Note deposited with the Depository or with the Trustee as Notes Custodian for the Depository pursuant to Section 2.1 shall
be transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the
principal amount of such Global Note, in exchange for such Global Note, only if such transfer complies with Section 2.3 hereof
and (i) the Depository notifies the Issuer that it is unwilling or unable to continue as Depository for such Global Note or if
at any time such Depository ceases to be a “clearing agency” registered under the Exchange Act and, in each case, a
successor depository is not appointed by the Issuer within 90 days of such notice, or (ii) a Default has occurred and is continuing
or (iii) the Issuer, in its sole discretion, notifies the Trustee in writing that it elects to cause the issuance of Definitive
Notes under this Indenture.

 

(b)          Any
Global Note that is transferable to the beneficial owners thereof pursuant to this Section 2.4 shall be surrendered by the Depository
to the Trustee located at its principal Corporate Trust Office in the Borough of Manhattan, The City of New York, to be so transferred,
in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each
portion of such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion
of a Global Note transferred pursuant to this Section 2.4 shall be executed, authenticated and delivered only in denominations
of $2,000 principal amount and any integral multiple of $1,000 in excess thereof and registered in such names as the Depository
shall direct. Any Definitive Note delivered in exchange for an interest in the Transfer Restricted Note shall, except as otherwise
provided by Section 2.3(e) hereof, bear the applicable restricted notes legend and definitive notes legend set forth in Exhibit
1 hereto.

 

(c)          Subject
to the provisions of Section 2.4(b) hereof, the registered Holder of a Global Note shall be entitled to grant proxies and otherwise
authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which
a Holder is entitled to take under this Indenture or the Notes.

 

(d)          In
the event of the occurrence of one of the events specified in Section 2.4(a) hereof, the Issuer shall promptly make available
to the Trustee a reasonable supply of Definitive Notes in definitive, fully registered form without interest coupons. In the event
that such Definitive Notes are not issued, the Issuer expressly acknowledges, with respect to the right of any Holder to pursue
a remedy pursuant to this Indenture, including pursuant to Section 507, the right of any beneficial owner of Notes to pursue such
remedy with respect to the portion of the Global Note that represents such beneficial owner’s Notes as if such Definitive
Notes had been issued.

 

    -8- 

     

    

 

EXHIBIT
1

to Annex 1

 

[FORM
OF FACE OF INITIAL NOTE]

[Global Notes Legend]

 

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”)
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
& CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

 

TRANSFERS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO THE DEPOSITORY, TO NOMINEES OF THE DEPOSITORY
OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED
TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

 

[Restricted
Notes Legend]

 

THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH
BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED
IN RULE 144A UNDER THE SECURITIES ACT), OR (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION
IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT, (2) AGREES THAT IT WILL NOT UNTIL THE DATE THAT IS [IN THE CASE OF RULE
144A NOTES: ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL
NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR
OF SUCH SECURITY),] [IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL
ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS
FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S] RESELL
OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) INSIDE THE UNITED STATES TO A QUALIFIED
INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) INSIDE THE UNITED STATES TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT) (AN “ACCREDITED INVESTOR”) THAT,
PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER DEALER) TO THE TRUSTEE A SIGNED LETTER CONTAINING
CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER OF THE NOTES (THE FORM OF WHICH LETTER CAN BE
OBTAINED FROM SUCH TRUSTEE), (D) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES
ACT (IF AVAILABLE), (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE),
(F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF
COUNSEL IF THE ISSUER SO REQUESTS), OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES
THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. AS
USED HEREIN, THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING
GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.

 

     

     

    

 

[Definitive
Notes Legend]

 

IN
CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION
AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

 

    -2- 

     

    

 

	No.
__________	 $____________

 

Renaissance
Acquisition Corp (to be merged with and into Gardner Denver, Inc.), a Delaware corporation, promises to pay to [ ________]a,
or registered assigns, the principal sum [of ________ U.S. dollars]b on August
15, 2021.

 

Interest
Payment Dates: February 15 and August 15 (commencing on February 15, 2014).

 

Record
Dates: February 1 and August 1.

 

Additional
provisions of this Note are set forth on the other side of this Note.

 

 

 

		a	For
                                         Global Notes insert: Cede & Co.

 

		b	For
                                         Global Notes insert: set forth on the Schedule of Increases or Decreases of Global Note
                                         attached hereto

 

    -3- 

     

    

 

Dated:

 

RENAISSANCE
ACQUISITION CORP.

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

    -4- 

     

    

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

 

Dated:
_________________

 

This
is one of the Notes designated therein referred to in the within-mentioned Indenture.

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

	By:	[                                       ],
                                         as Authenticating Agent	 

 

	By:	 	 
	 	Authorized Signatory	 

  

    -5- 

     

    

 

[FORM
OF REVERSE SIDE OF INITIAL NOTE]

6.875% Senior Note Due 2021

 

		1.	Principal
and Interest.

 

The
Issuer will pay the principal of this Note on August 15, 2021.

 

The
Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the
rate of 6.875% per annum (subject to adjustment as provided below).

 

Interest
will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on February
1 or August 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing February 15, 2014.

 

Interest
on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from July
30, 2013; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between
a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from
such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months.

 

The
Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent
lawful, at a rate per annum equal to the rate of interest applicable to the Notes.

 

		2.	Method
of Payment.

 

the
Issuer will pay interest (except Defaulted Interest) on the principal amount of the Notes on each February 15 and August 15 (commencing
on February 15, 2014) to the Persons who are Holders (as reflected in the Note Register at the close of business on February 1and
August 1 immediately preceding the Interest Payment Date), in each case, even if the Note is cancelled on registration of transfer
or registration of exchange after such Regular Record Date; provided that, with respect to the payment of principal, the
Issuer will make payment to the Holder that surrenders this Note to any Paying Agent on or after August 15, 2021.

 

The
Issuer will pay principal (and premium, if any) and interest in U.S. dollars. However, the Issuer may pay principal (and premium,
if any) and interest by its check payable in such money. The Issuer may pay interest on the Notes either (a) by mailing a check
for such interest to a Holder’s registered address (as reflected in the Note Register) or (b) by wire transfer to an account
located in the United States maintained by the payee. If a payment date is a date other than a Business Day at a place of payment,
payment may be made at that place on the next succeeding day that is a Business Day and no interest shall accrue for the intervening
period.

 

		3.	Paying
Agent and Note Registrar.

 

The
Issuer initially appoints Wells Fargo Bank, National Association, in New York as Paying Agent and Note Registrar. The Issuer may
change any Paying Agent or Note Registrar upon written notice thereto. The Issuer, any Subsidiary or any Affiliate of any of them
may act as Paying Agent, Note Registrar or co-registrar.

 

    -6- 

     

    

 

		4.	Indenture.

 

The
Issuer issued the Notes under an Indenture dated as of July 30, 2013 (the “Indenture”), among the Issuer, the Guarantors
and the Trustee. Capitalized terms herein are used as defined in the Indenture unless otherwise indicated. The terms of the Notes
include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act. The Notes
are subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act (to the extent applicable)
for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms
of this Note and the terms of the Indenture, the terms of the Indenture shall control.

 

The
Notes are unsecured senior obligations of the Issuer. The Indenture does not limit the aggregate principal amount of the Notes.

 

		5.	Redemption.

 

Optional
Redemption. At any time prior to August 15, 2016, the Issuer may redeem all or a part of the Notes, upon written notice as
described in Section 1105 of the Indenture, at a Redemption Price equal to 100% of the principal amount of Notes redeemed plus
the Applicable Premium as of, and accrued and unpaid interest, if any, to, but excluding, the Redemption Date, subject to the
rights of Holders of record of Notes on the relevant Regular Record Date to receive interest due on the relevant Interest Payment
Date.

 

On
and after August 15, 2016, the Issuer may redeem the Notes, in whole or in part, upon notice as described in Section 1105 of the
Indenture, at the Redemption Prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below,
plus accrued and unpaid interest, if any, to, but excluding, the applicable Redemption Date, subject to the right of Holders of
record of Notes on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date, if redeemed
during the twelve-month period beginning on August 15 of each of the years indicated below:

 

	Year
	Percentage

	2016 	105.156%
	2017 	103.438%
	2018 	101.719%
	2019 and thereafter 	100.000%

 

In
addition, until August 15, 2016, the Issuer may, at its option, upon notice as described in Section 1105 of the Indenture, on
one or more occasions redeem up to 40% of the aggregate principal amount of Notes issued under the Indenture at a Redemption Price
equal to 106.875% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but
excluding, the applicable Redemption Date, subject to the right of Holders of record of notes on the relevant Regular Record Date
to receive interest due on the relevant Interest Payment Date, with the net cash proceeds of one or more Equity Offerings to the
extent such net cash proceeds are received by or contributed to the Issuer; provided that at least 50% of the sum of the
aggregate principal amount of Notes originally issued under the Indenture (including any Additional Notes issued under the Indenture
after the Issue Date) remains outstanding immediately after the occurrence of each such redemption; provided, further,
that each such redemption occurs within 120 days of the date of closing of each such Equity Offering.

 

		6.	Repurchase
upon a Change of Control and Asset Sales.

 

Upon
the occurrence of (a) a Change of Control, the Holders of the Notes will have the right to require that the Issuer purchase such
Holder’s outstanding Notes, in whole or in part, at a purchase price of 101% of the principal amount thereof, plus accrued
and unpaid interest, if any, to, but excluding, the date of purchase and (b) Asset Sales, the Issuer may be obligated to make
offers to purchase Notes and Senior Indebtedness of the Issuer with a portion of the Net Proceeds of such Asset Sales at a Redemption
Price of 100% of the principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the date of purchase.

 

    -7- 

     

    

 

		7.	Denominations;
Transfer; Exchange.

 

The
Notes are in registered form without coupons in denominations of $2,000 principal amount and integral multiples of $1,000 in excess
thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. The Note Registrar may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted
by the Indenture. The Note Registrar need not register the transfer or exchange of any Notes selected for redemption (except,
in the case of a Note to be redeemed in part, the portion of the Note not to be redeemed) or any Notes for a period of 15 days
before a selection of Notes to be redeemed or 15 days before an Interest Payment Date.

 

		8.	Persons
Deemed Owners.

 

A
registered Holder may be treated as the owner of a Note for all purposes.

 

		9.	Unclaimed
Money.

 

If
money for the payment of principal (premium, if any) or interest remains unclaimed for two years, the Trustee and the Paying Agent
will pay the money back to the Issuer at its written request. After that, Holders entitled to the money must look to the Issuer
for payment, unless an abandoned property law designates another Person, and all liability of the Trustee and such Paying Agent
with respect to such money shall cease.

 

		10.	Discharge
and Defeasance Prior to Redemption or Maturity.

 

If
the Issuer irrevocably deposits, or causes to be deposited, with the Trustee money or Government Securities sufficient to pay
the then outstanding principal of (premium, if any) and accrued interest on the Notes (a) to the Redemption Date or Maturity Date,
the Issuer will be discharged from its obligations under the Indenture and the Notes, except in certain circumstances for certain
covenants thereof, and (b) to the Stated Maturity, the Issuer will be discharged from certain covenants set forth in the Indenture.

 

		11.	Amendment;
Supplement; Waiver.

 

Subject
to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent of the Holders of at least a
majority in aggregate principal amount of the Outstanding Notes, and any existing Default or Event of Default or compliance with
any provision may be waived with the consent of the Holders of a majority in aggregate principal amount of the Outstanding Notes.
Without notice to or the consent of any Holder, the parties thereto may amend or supplement the Indenture or the Notes to, among
other things, cure any ambiguity, omission, mistake, defect or inconsistency and make any change that does not adversely affect
the rights of any Holder.

 

		12.	Restrictive
Covenants.

 

The
Indenture contains certain covenants, including covenants with respect to the following matters: (i) Restricted Payments; (ii)
Incurrence of Indebtedness and Issuance of Disqualified Stock; (iii) Liens; (iv) transactions with Affiliates; (v) dividend and
other payment restrictions affecting Restricted Subsidiaries; (vi) guarantees of Indebtedness by Restricted Subsidiaries; (vii)
merger and certain transfers of assets; (viii) purchase of Notes upon a Change in Control; and (ix) disposition of proceeds of
Asset Sales. Within 120 days (or the successor time period then in effect under the rules and regulations of the Exchange Act)
after the end of each fiscal year, the Issuer must report to the Trustee on compliance with such limitations.

 

    -8- 

     

    

 

		13.	Successor
Persons.

 

When
a successor Person or other entity assumes all the obligations of its predecessor under the Notes and the Indenture, the predecessor
Person will be released from those obligations.

 

		14.	Remedies
for Events of Default.

 

If
an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of at least 30% in principal
amount of the Outstanding Notes may declare all the Notes to be immediately due and payable. If a bankruptcy or insolvency default
with respect to the Issuer or any of its Significant Subsidiaries occurs and is continuing, the Notes automatically become immediately
due and payable. Subject to the provisions of the Indenture relating to the duties of the Trustee, in case an Event of Default
occurs and is continuing, the Trustee shall be under no obligation to exercise any rights or powers under the Indenture at the
request or direction of any of the Holders of the Notes unless such Holders have offered indemnity or security against any loss,
liability or expense satisfactory to the Trustee. Subject to certain restrictions, the Holders of a majority in principal amount
of the outstanding Notes are given the right to direct the time, method and place of conducting any proceeding for any remedy
available to the Trustee or of exercising any trust or power conferred on the Trustee. The Trustee, however, may refuse to follow
any direction that conflicts with law or this Indenture or that the Trustee determines is unduly prejudicial to the rights of
any other Holder of a Note or that would involve the Trustee in personal liability.

 

		15.	Guarantees.

 

The
Issuer’s obligations under the Notes are fully, irrevocably and unconditionally guaranteed on a senior unsecured basis, to
the extent set forth in the Indenture, by each of the Guarantors.

 

		16.	Trustee
Dealings with Issuer.

 

The
Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may make loans
to, accept deposits from, perform services for, and otherwise deal with, the Issuer and its Affiliates as if it were not the Trustee.

 

		17.	Authentication.

 

This
Note shall not be valid until the Trustee manually signs the certificate of authentication on the other side of this Note.

 

		18.	Abbreviations.

 

Customary
abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by
the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A
(= Uniform Gifts to Minors Act).

 

    -9- 

     

    

 

		19.	CUSIP
Numbers.

 

Pursuant
to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers
to be printed on the Notes and the Trustee may use CUSIP numbers in notices as a convenience to Holders. No representation is
made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice and reliance may be placed
only on the other identification numbers placed thereon.

 

		20.	Governing
Law.

 

THIS
SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. THE PARTIES HERETO AGREE TO
SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW
YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY OR THE INDENTURE.

 

The
Issuer will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to Renaissance
Acquisition Corp., c/o Gardner Denver, Inc., 1500 Liberty Ridge Drive, Suite 3000, Wayne, PA.

 

Capitalized
terms used herein but not defined herein shall have the meanings given to such terms in the Indenture.

 

    -10- 

     

    

 

ASSIGNMENT
FORM

 

To
assign this Note, fill in the form below:

 

I
or we assign and transfer this Note to

 

(Print
or type assignee’s name, address and zip code)

 

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

 

and
irrevocably appoint ___________________ agent to transfer this Note on the books of the Issuer. The agent may substitute another
to act for him.

 

 

 

	Date:	 	 	Your Signature:	 

 

 

 

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

 

In
connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the date that is one year after
the later of the date of original issuance of such Notes and the last date, if any, on which such Notes were owned by the Issuer
or any “Affiliate” of the Issuer within the meaning of the Securities Act of 1933, as amended (the “Securities
Act”), the undersigned confirms that such Notes are being transferred in accordance with its terms:

 

CHECK
ONE BOX BELOW

 

		☐	to
                                         the Issuer; or

 

		(1)	☐ 	pursuant to an effective registration statement under the Securities
    Act; or

 

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

 

		(3)	☐ 	outside the United States in an offshore transaction within the
    meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act; or

 

		(4)	☐ 	pursuant to the exemption from registration provided by Rule
    144 under the Securities Act; or

 

		(5)	☐ 	to an institutional “accredited investor” (as defined
    in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee a signed letter containing
    certain representations and agreements relating to the transfer of this Note (the form of which can be obtained from the Trustee)
    and, if such transfer is in respect of an aggregate principal amount of Notes less than $250,000, an opinion of counsel acceptable
    to the Issuer that such transfer is in compliance with the Securities Act.

 

    -11- 

     

    

 

Unless
one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of
any person other than the registered holder thereof; provided, that if box (4) is checked, the Trustee shall be entitled
to require, prior to registering any such transfer of the Notes, such legal opinions, certifications and other information as
the Issuer has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act, such as the exemption provided by Rule 144 under such Act. 

		 	 
	Signature	 	 
	 	 	 
	Signature Guarantee:	 	 
	 	 	 
	Signature must be guaranteed	 	Signature

 

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

 

    -12- 

     

    

 

TO
BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED.

 

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

 

	Dated:	 	 	 
		 		Notice: To be
executed by

an executive officer

 

    -13- 

     

    

 

[TO
BE ATTACHED TO GLOBAL NOTES]

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

The following increases or decreases in this Global Note have been made:

 

	Date of

    Exchange	 	Amount
                                         of decrease 

                                         in Principal 

                                         amount of this 

                                         Global Note 
	 	Amount
                                         of increase 

                                         in Principal 

                                         amount of this 

                                         Global Note 
	 	Principal
                                         amount 

                                         of this Global Note 

                                         following such 

                                         decrease or 

                                         increase 
	 	Signature
                                         of authorized 

                                         signatory 

                                         of Trustee or 

                                         Notes Custodian 

 

    -14- 

     

    

 

OPTION
OF HOLDER TO ELECT PURCHASE

 

If
you want to elect to have this Note purchased by the Issuer pursuant to Section 1016 or 1017 of the Indenture, check the box:
 ☐

 

☐ If
you want to elect to have only part of this Note purchased by the Issuer pursuant to Section 1016 or 1017 of the Indenture, state
the amount in principal amount: $

 

	Date:	 	 	Your Signature:	 
	 	 	 	 	(Sign exactly as your name appears on the other side of this
    Note)

 

		Signature
                           Guarantee:	 
	 	 	(Signature
                                         must be guaranteed)

 

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

 

    -15- 

     

    

 

EXHIBIT
2

to Annex 1

 

Form
of

Transferee Letter of Representation

 

Renaissance
Acquisition Corp.

c/o Gardner Denver, Inc.,

1500 Liberty Ridge Drive,

Suite 3000,

Wayne, PA 19087

 

Wells
Fargo Bank, National Association

608 Second Avenue South, N9303-121

Minneapolis, Minnesota 55479

Attention: Corporate Trust Operations

 

Email:
DAPSReorg@wellsfargo.com

 

Ladies
and Gentlemen:

 

This
certificate is delivered to request a transfer of $_________ principal amount of the 6.875% Senior Notes Due 2021 (the “Notes”)
of Renaissance Acquisition Corp., a Delaware corporation (the “Issuer”).

 

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

 

Name:________________________

 

Address:______________________

 

Taxpayer
ID Number:____________

 

The
undersigned represents and warrants to you that:

 

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

 

     

     

    

 

2.          We
understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except
as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing
Notes to offer, sell or otherwise transfer such Notes prior to the date that is two years after the later of the date of original
issue and the last date on which the Issuer or any affiliate of the Issuer was the owner of such Notes (or any predecessor thereto)
(the “Resale Restriction Termination Date”) only (i) to the Issuer, (ii) in the United States to a person whom the seller
reasonably believes is a qualified institutional buyer in a transaction meeting the requirements of Rule 144A, (iii) to an institutional
“accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is an institutional
accredited investor purchasing for its own account or for the account of an institutional accredited investor, in each case in
a minimum principal amount of the Notes of $250,000, (iv) outside the United States in a transaction complying with the provisions
of Rule 904 under the Securities Act, (v) pursuant to an exemption from registration under the Securities Act provided by Rule
144 (if available) or (vi) pursuant to an effective registration statement under the Securities Act, in each of cases (i) through
(vi) subject to any requirement of law that the disposition of our property or the property of such investor account or accounts
be at all times within our or their control and in compliance with any applicable state securities laws. The foregoing restrictions
on resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is
proposed to be made pursuant to clause (iii) above prior to the Resale Restriction Termination Date, the transferor shall deliver
a letter from the transferee substantially in the form of this letter to the Issuer and the Trustee, which shall provide, among
other things, that the transferee is an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2),
(3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation
of the Securities Act. Each purchaser acknowledges that the Issuer and the Trustee reserve the right prior to the offer, sale
or other transfer prior to the Resale Restriction Termination Date of the Notes pursuant to clause (iii), (iv) or (v) above to
require the delivery of an opinion of counsel, certifications or other information satisfactory to the Issuer and the Trustee.

 

		TRANSFEREE:	 	,

 

		By:	 	 

  

    -2- 

     

    

 

EXHIBIT
A

 

FORM
OF SUPPLEMENTAL INDENTURE

TO BE DELIVERED BY SUBSEQUENT GUARANTORS

 

SUPPLEMENTAL
INDENTURE (this “Supplemental Indenture”), dated as of ________________, 201__, among __________________ (the “Guaranteeing
Subsidiary”), a subsidiary of the Issuer and Wells Fargo Bank, National Association, as trustee under the Indenture referred
to below (the “Trustee”).

 

W
I T N E S S E T H

 

WHEREAS,
the Issuer has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of July 30,
2013 providing for the issuance of 6.875% Senior Notes due 2021 (the “Notes”);

 

WHEREAS,
the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuer’s
Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Guarantee”); and

 

WHEREAS,
pursuant to Section 901 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the
Notes as follows:

 

1.          CAPITALIZED
TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

2.          AGREEMENT
TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the
conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 12 thereof.

 

3.          NO
RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing
Subsidiary, as such, shall have any liability for any obligations of the Issuer or any Guaranteeing Subsidiary under the Notes,
any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations
or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release
are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal
securities laws and it is the view of the SEC that such a waiver is against public policy.

 

4.          GOVERNING
LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE
PARTIES HERETO AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN,
IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.

 

     C-1

     

    

 

5.          COUNTERPARTS.
The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement. The exchange of copies of the Supplemental Indenture and of signature pages by facsimile
or PDF transmission shall constitute effective execution and delivery of the Supplemental Indenture as to the parties hereto and
may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or PDF shall be deemed to be their original signatures for all purposes

 

6.          EFFECT
OF HEADINGS. The Section headings herein are for convenience or reference only and are not intended to be considered a part hereof
and shall not affect the construction hereof.

 

7.           THE
TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this
Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing
Subsidiary and the Issuer.

 

     C-2

     

    

 

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

 

Dated:
___________, 20___

  

	 	[GUARANTEEING SUBSIDIARY],
	 	 
	 	By:	 
			Name:
	 	 	Title:

  

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
               as Trustee
	 	 
	 	By:	 
			Name:
	 	 	Title:

 

     C-3

     

    

 

EXHIBIT
B

 

INCUMBENCY
CERTIFICATE

 

The
undersigned, ____________, being the ____________ of ____________ (the “Issuer”) does hereby certify that the individuals
listed below are qualified and acting officers of the applicable entity as set forth in the right column opposite their respective
names and the signatures appearing in the extreme right column opposite the name of each such officer is a true specimen of the
genuine signature of such officer and such individuals have the authority to execute documents to be delivered to, or upon the
request of, Wells Fargo Bank, National Association, as Trustee under the Indenture dated as of July 30, 2013, by and among the
Issuer, the Guarantors party thereto and Wells Fargo Bank, National Association.

 

	Name	 	Title
                                     and Entity:	 	Signature	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 

 

IN
WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate as of the ____ day of ________, 20__. 

		 	 
	 	 	Name:
	 	 	Title:

 

    D-1

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