Document:

EX-10.40

 Exhibit 10.40 
  

 
 KELLWOOD COMPANY 

AND 
 THE GUARANTORS NAMED HEREIN

 $120,590,000 
 12 7/8%
SECOND-PRIORITY SENIOR SECURED PIK NOTES DUE 2014 
  

 
 INDENTURE 

Dated as of July 23, 2009 
  

 
 Wells Fargo
Bank, National Association 
 as Trustee 

and 
 Collateral Agent 

 
  

 CROSS-REFERENCE TABLE* 
  

			
	Trust Indenture Act Section	  	Indenture Section
	 310(a)(1)
	  	7.10
	       (a)(2)
	  	7.10
	       (a)(3)
	  	N.A.
	       (a)(4)
	  	N.A.
	       (a)(5)
	  	7.10
	       (b)
	  	7.10
	       (c)
	  	N.A.
	 311(a)
	  	7.11
	       (b)
	  	7.11
	       (c)
	  	N.A.
	 312(a)
	  	2.05
	       (b)
	  	13.03
	       (c)
	  	13.03
	 313(a)
	  	7.06
	       (b)(1)
	  	N.A.
	       (b)(2)
	  	7.06
	       (c)
	  	7.06; 13.02
	       (d)
	  	7.06
	 314(a)
	  	4.03; 12.02; 13.05
	       (b)
	  	N.A.
	       (c)(1)
	  	13.04
	       (c)(2)
	  	13.04
	       (c)(3)
	  	N.A.
	       (d)
	  	N.A.
	       (e)
	  	13.05
	       (f)
	  	N.A.
	 315(a)
	  	7.01
	       (b)
	  	7.05, 13.02
	       (c)
	  	7.01
	       (d)
	  	7.01
	       (e)
	  	6.11
	 316(a) (last sentence)
	  	2.09
	       (a)(1)(A)
	  	6.05
	       (a)(1)(B)
	  	6.04
	       (a)(2)
	  	N.A.
	       (b)
	  	6.07
	       (c)
	  	2.12
	 317(a)(1)
	  	6.08
	       (a)(2)
	  	6.09
	       (b)
	  	2.04
	 318(a)
	  	13.01
	       (b)
	  	N.A.
	       (c)
	  	13.01

 N.A. means not applicable. 
  

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

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
	 Section 1.01
	 	 Definitions.
	  	 	1	  
	 Section 1.02
	 	 Other Definitions.
	  	 	27	  
	 Section 1.03
	 	 Incorporation by Reference of Trust Indenture Act.
	  	 	28	  
	 Section 1.04
	 	 Rules of Construction.
	  	 	28	  
		
	 ARTICLE 2. THE NOTES
	  	 	29	  
	 Section 2.01
	 	 Form and Dating.
	  	 	29	  
	 Section 2.02
	 	 Execution and Authentication; Interest on Notes.
	  	 	31	  
	 Section 2.03
	 	 Registrar and Paying Agent.
	  	 	33	  
	 Section 2.04
	 	 Paying Agent to Hold Money in Trust.
	  	 	33	  
	 Section 2.05
	 	 Holder Lists.
	  	 	33	  
	 Section 2.06
	 	 Transfer and Exchange.
	  	 	34	  
	 Section 2.07
	 	 Replacement Notes.
	  	 	47	  
	 Section 2.08
	 	 Outstanding Notes.
	  	 	47	  
	 Section 2.09
	 	 Treasury Notes.
	  	 	48	  
	 Section 2.10
	 	 Temporary Notes.
	  	 	48	  
	 Section 2.11
	 	 Cancellation.
	  	 	48	  
	 Section 2.12
	 	 Defaulted Interest.
	  	 	48	  
	 Section 2.13
	 	 CUSIP Numbers.
	  	 	49	  
		
	 ARTICLE 3. REDEMPTION AND PREPAYMENT
	  	 	49	  
	 Section 3.01
	 	 Notices to Trustee.
	  	 	49	  
	 Section 3.02
	 	 Selection of Notes to Be Redeemed or Purchased.
	  	 	49	  
	 Section 3.03
	 	 Notice of Redemption.
	  	 	50	  
	 Section 3.04
	 	 Effect of Notice of Redemption.
	  	 	51	  
	 Section 3.05
	 	 Deposit of Redemption or Purchase Price.
	  	 	51	  
	 Section 3.06
	 	 Notes Redeemed or Purchased in Part.
	  	 	51	  
	 Section 3.07
	 	 Optional Redemption.
	  	 	51	  
	 Section 3.08
	 	 Mandatory Redemption.
	  	 	52	  
	 Section 3.09
	 	 Offer to Purchase by Application of Excess Proceeds.
	  	 	52	  
		
	 ARTICLE 4. COVENANTS
	  	 	54	  
	 Section 4.01
	 	 Payment of Notes.
	  	 	54	  
	 Section 4.02
	 	 Maintenance of Office or Agency.
	  	 	54	  
	 Section 4.03
	 	 Financial Statements.
	  	 	54	  
	 Section 4.04
	 	 Compliance Certificate.
	  	 	55	  
	 Section 4.05
	 	 Taxes.
	  	 	56	  
	 Section 4.06
	 	 Stay, Extension and Usury Laws.
	  	 	56	  
	 Section 4.07
	 	 Restricted Payments.
	  	 	56	  
	 Section 4.08
	 	 Dividend and Other Payment Restrictions Affecting Subsidiaries.
	  	 	61	  
	 Section 4.09
	 	 Incurrence of Indebtedness and Issuance of Preferred Stock.
	  	 	63	  
	 Section 4.10
	 	 Asset Sales.
	  	 	68	  

  
 i 

							
	 Section 4.11
	 	 Transactions with Affiliates.
	  	 	70	  
	 Section 4.12
	 	 Liens.
	  	 	71	  
	 Section 4.13
	 	 Business Activities.
	  	 	72	  
	 Section 4.14
	 	 Corporate Existence.
	  	 	72	  
	 Section 4.15
	 	 Offer to Repurchase Upon Change of Control.
	  	 	72	  
	 Section 4.16
	 	 Designation of Restricted and Unrestricted Subsidiaries.
	  	 	74	  
	 Section 4.17
	 	 Payments for Consent.
	  	 	74	  
	 Section 4.18
	 	 Additional Subsidiary Guarantees.
	  	 	74	  
		
	 ARTICLE 5. SUCCESSORS
	  	 	75	  
	 Section 5.01
	 	 Merger, Consolidation, or Sale of Assets.
	  	 	75	  
	 Section 5.02
	 	 Successor Corporation Substituted.
	  	 	76	  
		
	 ARTICLE 6. DEFAULTS AND REMEDIES
	  	 	77	  
	 Section 6.01
	 	 Events of Default.
	  	 	77	  
	 Section 6.02
	 	 Acceleration.
	  	 	78	  
	 Section 6.03
	 	 Other Remedies.
	  	 	79	  
	 Section 6.04
	 	 Waiver of Past Defaults.
	  	 	79	  
	 Section 6.05
	 	 Control by Majority.
	  	 	79	  
	 Section 6.06
	 	 Limitation on Suits.
	  	 	80	  
	 Section 6.07
	 	 Rights of Holders of Notes to Receive Payment.
	  	 	80	  
	 Section 6.08
	 	 Collection Suit by Trustee.
	  	 	80	  
	 Section 6.09
	 	 Trustee May File Proofs of Claim.
	  	 	80	  
	 Section 6.10
	 	 Priorities.
	  	 	81	  
	 Section 6.11
	 	 Undertaking for Costs.
	  	 	81	  
		
	 ARTICLE 7. TRUSTEE
	  	 	82	  
	 Section 7.01
	 	 Duties of Trustee.
	  	 	82	  
	 Section 7.02
	 	 Rights of Trustee.
	  	 	83	  
	 Section 7.03
	 	 Individual Rights of Trustee.
	  	 	84	  
	 Section 7.04
	 	 Trustee’s Disclaimer.
	  	 	84	  
	 Section 7.05
	 	 Notice of Defaults.
	  	 	84	  
	 Section 7.06
	 	 Reports by Trustee to Holders of the Notes.
	  	 	85	  
	 Section 7.07
	 	 Compensation and Indemnity.
	  	 	85	  
	 Section 7.08
	 	 Replacement of Trustee.
	  	 	86	  
	 Section 7.09
	 	 Successor Trustee by Merger, etc.
	  	 	87	  
	 Section 7.10
	 	 Eligibility; Disqualification.
	  	 	87	  
	 Section 7.11
	 	 Preferential Collection of Claims Against Company.
	  	 	88	  
		
	 ARTICLE 8. LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	 	88	  
	 Section 8.01
	 	 Option to Effect Legal Defeasance or Covenant Defeasance.
	  	 	88	  
	 Section 8.02
	 	 Legal Defeasance and Discharge.
	  	 	88	  
	 Section 8.03
	 	 Covenant Defeasance.
	  	 	89	  
	 Section 8.04
	 	 Conditions to Legal or Covenant Defeasance.
	  	 	89	  
	 Section 8.05
	 	 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions.
	  	 	90	  
	 Section 8.06
	 	 Repayment to Company.
	  	 	91	  
	 Section 8.07
	 	 Reinstatement.
	  	 	91	  

  
 ii 

							
		
	 ARTICLE 9. AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	92	  
	 Section 9.01
	 	 Without Consent of Holders of Notes.
	  	 	92	  
	 Section 9.02
	 	 With Consent of Holders of Notes.
	  	 	92	  
	 Section 9.03
	 	 Compliance with Trust Indenture Act.
	  	 	94	  
	 Section 9.04
	 	 Revocation and Effect of Consents.
	  	 	94	  
	 Section 9.05
	 	 Notation on or Exchange of Notes.
	  	 	94	  
	 Section 9.06
	 	 Trustee to Sign Amendments, etc.
	  	 	94	  
		
	 ARTICLE 10. COLLATERAL AND SECURITY
	  	 	95	  
	 Section 10.01
	 	 Collateral and Security Documents.
	  	 	95	  
	 Section 10.02
	 	 Release of Collateral.
	  	 	96	  
	 Section 10.03
	 	 Recording; Opinions as to Recording.
	  	 	97	  
	 Section 10.04
	 	 Further Assurances and Security.
	  	 	98	  
	 Section 10.05
	 	 Authorization of Receipt of Funds by the Trustee under the Security Documents.
	  	 	98	  
	 Section 10.06
	 	 Concerning the Collateral Agent; Authorizations.
	  	 	98	  
	 Section 10.07
	 	 Resignation and Removal of Collateral Agent; Appointment of Successor.
	  	 	100	  
		
	 ARTICLE 11. SUBSIDIARY GUARANTEES
	  	 	102	  
	 Section 11.01
	 	 Guarantee.
	  	 	102	  
	 Section 11.02
	 	 Limitation on Guarantor Liability.
	  	 	104	  
	 Section 11.03
	 	 Execution and Delivery of Subsidiary Guarantee.
	  	 	104	  
	 Section 11.04
	 	 Guarantors May Consolidate, etc., on Certain Terms.
	  	 	105	  
	 Section 11.05
	 	 Releases of Subsidiary Guarantees.
	  	 	105	  
		
	 ARTICLE 12. SATISFACTION AND DISCHARGE
	  	 	106	  
	 Section 12.01
	 	 Satisfaction and Discharge.
	  	 	106	  
	 Section 12.02
	 	 Application of Trust Money.
	  	 	107	  
		
	 ARTICLE 13. MISCELLANEOUS
	  	 	107	  
	 Section 13.01
	 	 Trust Indenture Act Controls.
	  	 	107	  
	 Section 13.02
	 	 Notices.
	  	 	108	  
	 Section 13.03
	 	 Communication by Holders of Notes with Other Holders of Notes.
	  	 	109	  
	 Section 13.04
	 	 Certificate and Opinion as to Conditions Precedent.
	  	 	109	  
	 Section 13.05
	 	 Statements Required in Certificate or Opinion.
	  	 	109	  
	 Section 13.06
	 	 Rules by Trustee and Agents.
	  	 	110	  
	 Section 13.07
	 	 Payments Due on Non-Business Days.
	  	 	110	  
	 Section 13.08
	 	 No Personal Liability of Directors, Officers, Employees, Stockholders or Securityholders.
	  	 	110	  
	 Section 13.09
	 	 Governing Law; Jury Trial Waiver.
	  	 	110	  
	 Section 13.10
	 	 No Adverse Interpretation of Other Agreements.
	  	 	111	  
	 Section 13.11
	 	 Successors.
	  	 	111	  
	 Section 13.12
	 	 Severability.
	  	 	111	  
	 Section 13.13
	 	 Counterpart Originals.
	  	 	111	  
	 Section 13.14
	 	 Table of Contents, Headings, etc.
	  	 	111	  
	 Section 13.15
	 	 Force Majeure.
	  	 	111	  

  
 iii 

 EXHIBITS 
  

			
	 Exhibit A1
	  	 FORM OF NOTE

	 Exhibit A2
	  	 FORM OF REGULATION S TEMPORARY GLOBAL NOTE

	 Exhibit B
	  	 FORM OF CERTIFICATE OF TRANSFER

	 Exhibit C
	  	 FORM OF CERTIFICATE OF EXCHANGE

	 Exhibit D
	  	 FORM OF SUBSIDIARY GUARANTEE

	 Exhibit E
	  	 FORM OF SUPPLEMENTAL INDENTURE

	 Exhibit F
	  	 FORM OF INCUMBENCY CERTIFICATE

  
 iv 

 INDENTURE dated as of July 23, 2009 by and among Kellwood Company, a Delaware corporation
(the “Company”), the Guarantors from time to time party hereto and Wells Fargo Bank National Association, a national banking association, as trustee (in such capacity, the “Trustee”) and as collateral
agent (in such capacity, the “Collateral Agent”). 
 The Company and the Guarantors agree with the Trustee and
Collateral Agent as follows for the benefit of each other and for the equal and ratable benefit of the Holders of all of the Notes (the Initial Notes, together with any Additional Notes, each as defined herein, the “Notes”):

 ARTICLE 1. 

DEFINITIONS AND INCORPORATION 

BY REFERENCE 
 Section 1.01
Definitions. 
 “Accredited Investor” means any Person described in Rule 501(a). 

“Acquired Debt” 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 Subsidiary of such specified Person, whether or not such Indebtedness is 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. 

“Additional Notes” means any Notes (other than the Initial Notes), if any, issued under this Indenture in accordance
with Section 2.01 and Section 2.02 hereof, as amended, restated, supplemented, replaced or otherwise modified from time to time. 

“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,” as used with respect to any Person, means 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; provided that beneficial ownership of 10% or more of the Voting Stock of a Person will be deemed to be control. For
purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” have correlative meanings. No person (other than the Company or any Subsidiary of the Company in whom a Receivables
Subsidiary makes an Investment in connection with a Qualified Receivables Transaction) will be deemed to be an Affiliate of the Company or any of its Subsidiaries solely by reason of an Investment in connection with a Qualified Receivables
Transaction. 
 “Agent” means any Registrar, co-registrar, Paying Agent or additional paying agent. 

  
 1 

 “Applicable Procedures” means, with respect to any transfer or exchange
of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 

“Alternative Fixed Charge Coverage Ratio Test” shall be satisfied if the Fixed Charge Coverage Ratio for the
Company’s most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which any Restricted Equity Payment is made would have been at least 2.25 to 1.0, determined on a
pro forma basis. 
 “Asset Acquisition” means: (a) an Investment by the Company or any Restricted Subsidiary of
the Company in any other Person if, as a result of such Investment, such Person shall become a Restricted Subsidiary of the Company, or shall be merged with or into the Company or any Restricted Subsidiary of the Company, or (b) the acquisition
by the Company or any Restricted Subsidiary of the Company of all or substantially all of the assets of any other Person or any division or line of business of any other Person. 

“Asset Sale” means: 
  

	 	(a)	the sale, lease, conveyance or other disposition of any assets or rights (other than in the ordinary course of business); provided that the sale, conveyance or other disposition of all or substantially all of the
assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by Section 4.15 and/or Section 5.01 and not by Section 4.10 of this Indenture; and 

 

	 	(b)	the issuance of Equity Interests in any of the Company’s Restricted Subsidiaries or the sale of Equity Interests in any of its Subsidiaries. 

Notwithstanding the preceding, none of the following items will be deemed to be an Asset Sale: 

 

	 	(1)	the sale of inventory in the ordinary course of business; 

  

	 	(2)	any single transaction or series of related transactions that involves assets or Equity Interests having a Fair Market Value of less than $7.5 million; 

 

	 	(3)	a transfer of assets or Equity Interests between or among the Company and its Restricted Subsidiaries; 

  

	 	(4)	an issuance of Equity Interests by a Restricted Subsidiary of the Company to the Company or to a Restricted Subsidiary of the Company; 

 

	 	(5)	the sale or lease of products, services or accounts receivable or the licensing of intellectual property, in each case in the ordinary course of business, and any sale or other disposition of damaged, worn-out, unmerchantable or otherwise unsalable or obsolete assets in the ordinary course of business; 

  
 2 

	 	(6)	the termination of a lease of real or personal property or license that is not necessary in the ordinary course of business; 

  

	 	(7)	the sale or other disposition of cash or Cash Equivalents; 

  

	 	(8)	sales of accounts receivable and related assets of the type specified in the definition of “Qualified Receivables Transaction” to a Receivables Subsidiary for the fair market value thereof, including cash in
an amount at least equal to 75% of the book value thereof as determined in accordance with GAAP, it being understood that, for the purposes of this clause (8), notes received in exchange for the transfer of accounts receivable and related assets
will be deemed cash if the Receivables Subsidiary or other payor is required to repay said notes as soon as practicable from available cash collections less amounts required to be established as reserves pursuant to contractual agreements with
entities that are not Affiliates of the Company entered into as part of a Qualified Receivables Transaction; 

  

	 	(9)	transfers of accounts receivable and related assets of the type specified in the definition of “Qualified Receivables Transaction” (or a fractional undivided interest therein) by a Receivables Subsidiary in a
Qualified Receivables Transaction; 

  

	 	(10)	sales or factoring of accounts receivable by the Company or any Restricted Subsidiary in the ordinary course of business pursuant to arrangements on customary terms and conditions; and 

 

	 	(11)	a Restricted Payment that does not violate Section 4.07 of this Indenture or a Permitted Investment. 

“Asset Sale Offer” has the meaning assigned to it under Section 3.09 of this Indenture. 

“Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and
Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange
Act), such “person” or “group” will be deemed to have beneficial ownership of all securities that such “person” or “group” has the right to acquire by conversion or exercise of other securities, whether such
right is currently exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 

“Board of Directors” means: 
  

	 	(1)	with respect to a corporation, the board of directors of the corporation or any committee of the corporation duly authorized to act on behalf of such board; 

 

	 	(2)	with respect to a partnership, the Board of Directors of the general partner of the partnership; 

  
 3 

	 	(3)	with respect to a limited liability company, the managing member or members or any controlling committee of managing members thereof; and 

 

	 	(4)	with respect to any other Person, the board or committee of such Person serving a similar function. 

“Borrowing Base” means, as of the last fiscal month end immediately prior to the date of determination, an amount
equal to: 
  

	 	(1)	90% of the face amount of all accounts receivable owned by the Company and its Restricted Subsidiaries as calculated in accordance with GAAP, consistent with the accounting methods and policies used in preparing the
Company’s most recently reported financial statements; plus 

  

	 	(2)	65% of the book value of all assets classified as inventory owned by the Company and its Restricted Subsidiaries as calculated in accordance with GAAP, consistent with the accounting methods and policies used in
preparing the Company’s most recently reported financial statements; 

 provided, however, that (a) if Indebtedness is being
incurred to finance an acquisition pursuant to which any accounts receivable or inventory will be acquired (whether through the direct acquisition of assets or the acquisition of Capital Stock of a Person), Borrowing Base shall include the
applicable percentage of any accounts receivable and inventory to be acquired in connection with such acquisition and (b) any accounts receivable owned by a Receivables Subsidiary, or which the Company or any of its Subsidiaries has agreed to
transfer to a Receivables Subsidiary, shall be excluded for purposes of determining such amount. 
 “Broker-Dealer”
means any broker or dealer registered under the Exchange Act. 
 “Business Day” means each day that is not a
Saturday, Sunday or other day on which the Trustee or banking institutions in New York, New York are authorized or required by law to close. 

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect
of a capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP as in effect on the date of this Indenture, and the Stated Maturity thereof shall be the date of the last payment of rent or any
other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 

“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; 

  
 4 

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

 

	 	(4)	any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the preceding any debt
securities convertible into Capital Stock, whether or not such debt securities include any right of participation with Capital Stock. 

“Cash Equivalents” means: 
  

	 	(1)	United States dollars or, in the case of any Foreign Subsidiary, such local currencies held by it from time to time; 

  

	 	(2)	securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality of the United States government (provided that the full faith and credit of the United
States is pledged in support of those securities) having maturities of not more than 12 months from the date of acquisition; 

  

	 	(3)	certificates of deposit and eurodollar time deposits with maturities of 12 months or less from the date of acquisition, bankers’ acceptances with maturities not exceeding 12 months and overnight bank deposits, in
each case, with any lender party to the Credit Agreement or with any domestic commercial bank having capital and surplus in excess of $500.0 million; 

  

	 	(4)	repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clauses (2) and (3) above entered into with any financial institution meeting the qualifications
specified in clause (3) above; 

  

	 	(5)	commercial paper having one of the two highest ratings obtainable from Moody’s Investors Service, Inc. or Standard & Poor’s Rating Services and in each case maturing within 12 months after the date of
acquisition; and 

  

	 	(6)	money market funds at least 95% of the assets of which constitute Cash Equivalents of the kinds described in clauses (1) through (5) of this definition. 

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

 

	 	(1)	the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets
of the Company and its Subsidiaries taken as a whole to any “person” or “group” (as that term is used in Section 13(d) of the Exchange Act); 

 

	 	(2)	the appointment of a trustee (including an interim trustee) to take possession of any substantial property of, or to operate any of the businesses of, the Company, or the making of any offer of settlement, extension, or
composition to its unsecured creditors generally by the Company; 

  
 5 

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

  

	 	(4)	the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as defined above) becomes the Beneficial Owner,
directly or indirectly, of more than 50% of the Voting Stock of the Company, measured by voting power rather than number of shares. 

“Change of Control Offer” has the meaning assigned to it under Section 4.15 of this Indenture. 

“Clearstream” means Clearstream Banking, S.A. 

“Collateral” means “collateral” as such term is defined in that certain Second Lien Security Agreement,
dated on or about the date hereof by and among the Company, the Guarantors and the Collateral Agent. 
 “Company”
means Kellwood Company, and any and all successors thereto. 
 “Consolidated Cash Flow” means, with respect to any
specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication: 
  

	 	(1)	an amount equal to any extraordinary loss (including any loss on extinguishment or conversion of Indebtedness) plus any net loss realized by such Person or any of its Restricted Subsidiaries in connection with an Asset
Sale (without giving effect to the $7.5 million threshold provided in the definition thereof), to the extent such losses were deducted in computing such Consolidated Net Income; plus 

 

	 	(2)	provision for income taxes determined in accordance with GAAP of such Person and its Restricted Subsidiaries for such period, to the extent that such provision for taxes was deducted in computing such Consolidated Net
Income; plus 

  

	 	(3)	Fixed Charges of such Person and its Restricted Subsidiaries for such period, to the extent that such Fixed Charges were deducted in computing such Consolidated Net Income; plus 

 

	 	(4)	depreciation, amortization (including amortization of intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) and other non-cash items
(excluding any such non-cash item to the extent that it represents an accrual of or reserve for cash items in any future period or amortization of a prepaid cash expense that was paid in a prior period) of
such Person and its Restricted Subsidiaries for such period to the extent that such depreciation, amortization and other non-cash items were deducted in computing such Consolidated Net Income; plus

  
 6 

	 	(5)	any reasonable expenses or charges related to any Equity Offering, Permitted Investment, acquisition, recapitalization or Indebtedness permitted to be incurred under this Indenture or related to the Refinancing
Transactions and, in each case, deducted in such period in computing Consolidated Net Income; plus 

  

	 	(6)	the amount of any restructuring charges (including without limitation retention, severance, facility closure costs and benefit charges) relating to any acquisitions completed after the date of this Indenture, in each
case that were deducted in such period in computing Consolidated Net Income; minus 

  

	 	(7)	non-cash items increasing such Consolidated Net Income for such period, other than (i) the accrual of revenue in the ordinary course of business and (ii) reversals of
prior accruals or reserves for cash items previously excluded from Consolidated Cash Flow pursuant to clause (4) of this definition; 

in each case, on a consolidated basis and determined in accordance with GAAP. 

“Consolidated Net Income” means, with respect to any specified Person for any period, the aggregate of the Net Income
of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that: 
  

	 	(1)	the Net Income of any Person that is not a Restricted Subsidiary or that is accounted for by the equity method of accounting will be excluded, except to the extent of the amount of dividends or similar distributions
paid in cash to the specified Person or a Restricted Subsidiary of the Person; 

  

	 	(2)	the Net Income of any Restricted Subsidiary will be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of
determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by 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; 

  

	 	(3)	the cumulative effect of a change in accounting principles will be excluded; 

  

	 	(4)	any non-cash goodwill or other intangible asset impairment charges incurred subsequent to the date of this Indenture resulting from the application of SFAS No. 142 will be
excluded; 

  

	 	(5)	notwithstanding clause (1) above, the Net Income of any Unrestricted Subsidiary will be excluded, whether or not distributed to the specified Person or one of its Subsidiaries; 

 

	 	(6)	any non-recurring costs and expenses incurred in connection with the Refinancing Transactions shall be excluded; 

  
 7 

	 	(7)	any non-cash compensation charges, including any such charges arising from stock options, restricted stock grants or other equity-incentive
programs shall be excluded; and 

  

	 	(8)	inventory purchasing accounting adjustments made as a result of any acquisition transactions shall be excluded. 

“Corporate Trust Office of the Trustee” will be at the address of the Trustee specified in Section 13.02 hereof
or such other address as to which the Trustee may give notice to the Company except that, for purposes of Sections 2.03 and 4.02, such term means the office or agency of the Trustee in Minneapolis, Minnesota, which at the date of original execution
of this Indenture is located at 608 Second Avenue South, N9303-121, Minneapolis, Minnesota 55479, Attention: Corporate Trust Operations. 

“Credit Agreement” means that certain Loan and Security Agreement, dated as of April 12, 2006, by and among the
Company, the Lenders party thereto and as defined therein, Bank of America, N.A., as Agent and Banc of America Securities LLC and J.P. Morgan Securities Inc., as Joint Lead Arrangers and Joint Book Managers providing for up to $175.0 million of
revolving credit borrowings, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced (whether upon or
after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time (including increasing the amount loaned thereunder provided that such additional
Indebtedness is incurred in accordance with the restrictions of this Indenture) in accordance with the terms of the Intercreditor Agreement. 

“Credit Facilities” means, one or more debt facilities (including, without limitation, the Credit Agreement and Last
Out Term Loan Agreement), commercial paper facilities or vendor financing arrangements, in each case providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special
purpose entities formed to borrow from such lenders against such receivables), vendor financing or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced (including by means of sales of debt
securities to institutional investors) in whole or in part from time to time. 
 “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. 
 “Definitive Note”
means a certificated Note registered in the name of the Holder thereof and issued in accordance with Section 2.06 hereof, substantially in the form of Exhibit A1 hereto except that such Note shall not bear the Global Note Legend and shall not
have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 
 “Depositary” means,
with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all clearing agencies under the Exchange Act that are
successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

  
 8 

 “Designated Noncash Consideration” means the fair market value of noncash
consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Noncash Consideration pursuant to an Officers’ Certificate setting forth such valuation and the
basis therefor; provided that noncash consideration received in connection with an Asset Sale may be designated as Designated Noncash Consideration only to the extent that the aggregate fair market value of such noncash consideration plus the
fair market value of all noncash consideration that, since the date of this Indenture, has been designated as Designated Noncash Consideration (such fair market value being measured at the time of such designation) and has not been converted into
cash or Cash Equivalents pursuant to a sale or otherwise, does not exceed the greater of $10.0 million and 2.0% of Total Assets. 

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is
convertible, or for which it is exchangeable, in each case at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable
at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified
Stock solely because the holders of the Capital Stock have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change of control or an asset sale will not constitute Disqualified Stock if the terms of such
Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with Section 4.07 of this Indenture. The amount of Disqualified Stock deemed to
be outstanding at any time for purposes of this Indenture will be the maximum amount that the Company and its Restricted Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such
Disqualified Stock, exclusive of accrued dividends. 
 “Domestic Subsidiary” means any Restricted Subsidiary of the
Company that was formed under the laws of the United States or any state of the United States or the District of Columbia or that guarantees or otherwise provides direct credit support for any Indebtedness of the Company. 

“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 a public or private offering of Qualified Capital Stock of the Company. 
 “Euroclear” means Euroclear Bank
S.A./N.V., as operator of the Euroclear system. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 

  
 9 

 “Exchange Offer” has the meaning set forth in the definition of
Refinancing Transactions. 
 “Existing Indebtedness” means (i) Indebtedness existing on the date of this
Indenture and (ii) amounts owed under that certain Non-Exclusive Disposal/Make-Whole Agreement, dated August 18, 2008, by and between the Company and Calvin Klein, Inc. 

“Fair Market Value” means the value that would be paid by a willing buyer to an unaffiliated willing seller in a
transaction not involving distress or necessity of either party, determined in good faith by the Board of Directors of the Company (unless otherwise provided in this Indenture). 

“Final Settlement Date” means the date of, or a date designated by the Company promptly following, the expiration time
of the Exchange Offer. 
 “First-Priority Liens” means, collectively, the Lien obligations under the Credit
Agreement and the Last Out Term Loan Agreement. 
 “Fixed Charge Coverage Ratio” means with respect to any specified
Person for any period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that (i) the specified Person or any of its Restricted Subsidiaries incurs, assumes,
Guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock or (ii) any Qualified Holdco Indebtedness is
incurred, repaid, repurchased, redeemed, defeased or otherwise discharged, in any case subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for
which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase,
redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. 
 In addition, for purposes of calculating the Fixed Charge Coverage
Ratio: 
  

	 	(1)	acquisitions that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the specified
Person or any of its Restricted Subsidiaries, and including any related financing transactions and including increases in ownership of Restricted Subsidiaries, during the four-quarter reference period or
subsequent to such reference period and on or prior to the Calculation Date will be given pro forma effect (in accordance with Regulation S-X under the Securities Act) as if they had occurred on the first day
of the four-quarter reference period; 

  

	 	(2)	the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will
be excluded; 

  
 10 

	 	(3)	the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be
excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Restricted Subsidiaries following the Calculation Date; 

 

	 	(4)	any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at all times during such four-quarter period;

  

	 	(5)	any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary at any time during such four-quarter period; and

  

	 	(6)	if any Indebtedness bears a floating rate of interest, the interest expense on such Indebtedness will be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period
(taking into account any Hedging Obligation applicable to such Indebtedness if such Hedging Obligation has a remaining term as at the Calculation Date in excess of 12 months). 

“Fixed Charges” means, with respect to any specified Person for any period, the sum, without duplication, of: 

 

	 	(1)	the consolidated interest expense of (i) such Person and its Restricted Subsidiaries for such period and (ii) the issuer or borrower of any Qualified Holdco Indebtedness to the extent attributable to such
Qualified Holdco Indebtedness, in each case whether paid or accrued, including, without limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments, the interest
component of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance
financings, and net of the effect of all payments made or received pursuant to Hedging Obligations in respect of interest rates (but excluding the amortization or write-off of deferred financing fees in
connection with the Refinancing Transactions); plus 

  

	 	(2)	the consolidated interest expense of (i) such Person and its Restricted Subsidiaries that was capitalized during such period and (ii) the issuer or borrower of any Qualified Holdco Indebtedness that was
capitalized during such period to the extent attributable to such Qualified Holdco Indebtedness; plus 

  

	 	(3)	any interest expense accruing on Indebtedness of another Person that is Guaranteed by such Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such Person or one of its Restricted
Subsidiaries, whether or not such Guarantee or Lien is called upon; plus 

  

	 	(4)	 the product of (a) all dividends, whether paid or accrued and whether or not in cash, on any series of preferred stock of such Person or any of
its Restricted 

  
 11 

	 	
Subsidiaries, other than dividends on Equity Interests payable solely in Equity Interests of the Company (other than Disqualified Stock) or to the Company or a Restricted Subsidiary of the
Company, times (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current effective combined federal, state and local statutory tax rate of such Person, expressed as a decimal, in each case, on a
consolidated basis and in accordance with GAAP. 

 “Foreign Subsidiary” means any Restricted
Subsidiary that is not a Domestic Subsidiary. 
 “GAAP” means generally accepted accounting principles set forth in
the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other
entity as have been approved by a significant segment of the accounting profession, which are in effect on the date of this Indenture. 

“Global Note Legend” means the legend set forth in Section 2.06(f)(2), which is required to be placed on all
Global Notes issued under this Indenture. 
 “Global Notes” means, individually and collectively, each of the
Restricted Global Notes and the Unrestricted Global Notes, substantially in the form of Exhibits A1 and A2 hereto issued in accordance with Section 2.01, 2.06(b)(3), 2.06(b)(4), 2.06(d)(2) or 2.06(d)(3) hereof. 

“Government Securities” means direct obligations of, or obligations guaranteed by, the United States of America, and
the full and timely payment for which the United States pledges its full faith and credit. 
 “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, without limitation, by way of a pledge of assets or through letters of credit or
reimbursement agreements in respect thereof, of all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities
or services, to take or pay or to maintain financial statement conditions or otherwise). 
 “Guarantor” means each
Person executing this Indenture as a Guarantor and any Subsidiary of the Company that executes a Subsidiary Guarantee in accordance with the provisions of this Indenture and any successors and assigns of such Person or Subsidiary. 

“Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under: 

 

	 	(1)	interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and interest rate collar agreements; 

 

	 	(2)	other agreements or arrangements designed to manage or hedge interest rates or interest rate risk; and 

  

	 	(3)	other agreements or arrangements designed to manage, protect or hedge such Person against fluctuations in currency exchange rates or commodity prices. 

  
 12 

 “Holder” means a Person in whose name a Note is registered. 

“Indebtedness” means, with respect to any specified Person, any indebtedness of such Person (excluding current or
noncurrent accrued expenses and trade payables), whether or not contingent: 
  

	 	(1)	in respect of borrowed money; 

  

	 	(2)	evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof); 

  

	 	(3)	in respect of banker’s acceptances; 

  

	 	(4)	representing Capital Lease Obligations; 

  

	 	(5)	representing the balance deferred and unpaid of the purchase price of any property (excluding trade payables) or services due more than six months after such property is acquired or such services are completed; or

  

	 	(6)	representing the net amount owing under any Hedging Obligations, 

 if and to the extent any of the preceding
items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of
others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the specified Person) and, to the extent not otherwise included, the Guarantee by the specified Person of any Indebtedness of any other
Person. 
 “Indenture” means this Indenture, as amended or supplemented from time to time, including the terms of
the Notes. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a
Participant. 
 “Initial Notes” means the Company’s 12 7/8% Second-Priority Senior Secured PIK
Notes due 2014 issued under this Indenture in connection with the Exchange Offer, as amended, restated, supplemented, replaced or otherwise modified from time to time. 

“Initial Public Offering” means the first underwritten public offering of Qualified Capital Stock by the Company or by
any direct or indirect parent of the Company, in either case pursuant to a registration statement (other than a registration statement on Form S-4 or S-8) filed with the
Commission in accordance with the Securities Act for aggregate net cash proceeds of at least $25.0 million. 
 “Institutional
Accredited Investor” means any Person described in Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 

  
 13 

 “Intercreditor Agreement” means that certain Intercreditor Agreement,
dated on or about the date hereof, by and between the Trustee and Bank of America, as Credit Agreement Agent, as amended, restated or otherwise modified from time to time. 

“Investments” means, with respect to any Person, all direct or indirect investments by such Person in other Persons
(including Affiliates) in the forms of loans (including Guarantees or other obligations), advances or capital contributions (excluding commission, travel and similar advances to officers and employees made in the ordinary course of business),
purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or
any Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct or indirect Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a Subsidiary of the
Company, the Company will be deemed to have made an Investment on the date of any such sale or disposition equal to the Fair Market Value of the Company’s Investments in such Subsidiary that were not sold or disposed of in an amount determined
as provided in the final paragraph of the covenant described under Section 4.07 of this Indenture. The acquisition by the Company or any Subsidiary of the Company of a Person that holds an Investment in a third Person will be deemed to be an
Investment by the Company or such Subsidiary in such third Person that were acquired in contemplation of the acquisition by the Company or any of its Subsidiaries in an amount equal to the Fair Market Value of the Investments held by the acquired
Person in such third Person in an amount determined as provided in the final paragraph of the covenant described under Section 4.07 of this Indenture. Except as otherwise provided in this Indenture, the amount of an Investment will be
determined at the time the Investment is made and without giving effect to subsequent changes in value. 
 “Issue
Date” means the date that Notes are first issued hereunder. 
 “Last Out Facility Cap Amount” means
(a) the aggregate principal amount of Indebtedness permitted under, or in respect of, the Last Out Term Loan Agreement pursuant to Section 10.2.1(f)(ii) of the Credit Agreement (as in effect on the Issue Date), minus (b) all
prepayments and repayments of principal of any such Indebtedness. 
 “Last Out Term Loan Agreement” means that
certain Term Loan Agreement, dated on or about the date hereof, by and among the Company and each of its domestic Subsidiaries party thereto, other obligors party thereto, SCSF Kellwood Finance, LLC and Sun Kellwood Finance LLC to fund certain cash
requirements that may arise in connection with the Exchange Offer, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed,
refunded, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time in accordance with the terms of the Intercreditor
Agreement. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest 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 

  
 14 

 
security interest in and, except in connection with any Qualified Receivables Transaction, any filing of or agreement to give any financing statement under the Uniform Commercial Code (or
equivalent statutes) of any jurisdiction. 
 “Management Services Agreement” means that certain Management Services
Agreement dated as of May 29, 2008, as amended by that certain Amendment No. 1 to Management Services Agreement dated as of November 25, 2008, by and between Kellwood Holding Corp. and Sun Capital Partners Management V, LLC, as may be
further amended in a manner not materially adverse to the Holders of the Notes. 
 “Material Subsidiary” means
(i) any Domestic Subsidiary (other than a Receivables Subsidiary) that owns or generates any accounts (other than intercompany accounts) or inventory located in the United States of America in any fiscal year of $1.0 million or more or
(ii) any Subsidiary that becomes a co-borrower or guarantor under the Credit Agreement. 
 “Maturity Date”
means December 31, 2014. 
 “Net Income” means, with respect to any specified Person, the net income or loss,
as applicable, of such Person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends or accretion, less the amount of any payments made pursuant to clause (13) of Section 4.07(c) to
enable the issuer or borrower of any Qualified Holdco Indebtedness to make a payment of interest thereon, but excluding, however: 
  

	 	(1)	any gain or loss, together with any related provision for taxes on such gain or loss, realized in connection with: (a) any Asset Sale (without giving effect to the $7.5 million threshold provided for in the
definition thereof); or (b) the disposition of any securities by such Person or any of its Restricted Subsidiaries or the extinguishment of any Indebtedness of such Person or any of its Restricted Subsidiaries; and 

 

	 	(2)	any gain or loss classified as extraordinary, unusual or nonrecurring (including without limitation severance, relocation and other restructuring costs), together with any related provision for taxes on such items.

 “Net Proceeds” means the aggregate cash proceeds received by the Company or any of its Restricted
Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration, including without limitation Designated Noncash
Consideration, received in any Asset Sale), net of the direct costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, and sales commissions, and any relocation expenses incurred as a result of
the Asset Sale, taxes paid or payable as a result of the Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, amounts required to be applied to the repayment of Indebtedness
(other than Indebtedness under a Credit Facility) secured by a Lien on the asset or assets that were the subject of such Asset Sale and the amounts of any reserve for adjustment in respect of the sale price of such asset or assets or liabilities
associated with such asset or assets, in each case established in accordance with GAAP. 

  
 15 

 “Non-Recourse Debt” means
Indebtedness: 
  

	 	(1)	as to which neither the Company nor any of its Restricted Subsidiaries (a) provides credit support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness), (b) is
directly or indirectly liable as a Guarantor or otherwise, or (c) constitutes the lender; 

  

	 	(2)	no default with respect to which (including any rights that the holders of the Indebtedness may have to take enforcement action against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any
holder of any other Indebtedness of the Company or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment of the Indebtedness to be accelerated or payable prior to its Stated Maturity; and

  

	 	(3)	as to which the lenders have been notified in writing that they will not have any recourse to the stock or assets of the Company or any of its Restricted Subsidiaries. 

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

“Notes” has the meaning assigned to it in the preamble to this Indenture. The Initial Notes and the Additional Notes
shall be treated as a single class for all purposes under this Indenture, and unless the context otherwise requires, all references to the Notes shall include the Initial Notes and any Additional Notes. 

“Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other
liabilities payable under the documentation governing any Indebtedness. 
 “Officer” means, with respect to any
Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person. 

“Officers’ Certificate” means a certificate signed on behalf of the Company by two Officers of the Company, one
of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of Section 13.05 hereof. 

“Old Notes” means the 7 7/8% Senior Notes due 2009 of the Company and the 7 5/8% Senior Notes due 2017
of the Company both issued pursuant to that indenture, dated as of September 20, 1997, by and between Kellwood Company, as Issuer, and JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as Trustee, as supplemented by that certain
supplemental indenture, dated as of March 15, 2005. 
 “Old Notes Indenture” means the indenture,
dated as of September 30, 1997, by and between Kellwood Company, as Issuer, and JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as Trustee, as supplemented by that certain supplemental indenture, dated as of March 15,
2005. 

  
 16 

 “Opinion of Counsel” means an opinion from legal counsel that meets the
requirements of Section 13.05 hereof. The counsel may be an employee of or counsel to the Company or any Subsidiary of the Company except as expressly provided otherwise. 

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the
Depositary, Euroclear or Clearstream, as the case may be (and, with respect to DTC, shall include Euroclear and Clearstream). 

“Permitted Business” means any business that derives a majority of its revenues from the distribution or sale of
fashion apparel, recreation apparel, recreation products, and other soft goods, and accessories and activities that are reasonably similar, ancillary or related to, or a reasonable extension or expansion of, the businesses in which the Company and
its Restricted Subsidiaries are engaged on the date of this Indenture. 
 “Permitted Investments” means: 

 

	 	(1)	any Investment (a) in the Company or in a Restricted Subsidiary of the Company that is a Guarantor, (b) in one or more Foreign Subsidiaries of the Company in an aggregate amount not to exceed $20.0 million and
(c) by an entity that is not a Guarantor in an entity that is not a Guarantor; 

  

	 	(2)	any Investment in Cash Equivalents; 

  

	 	(3)	any Investment by the Company or any Restricted Subsidiary of the Company in a Person, if as a result of such Investment: 

  

	 	(a)	such Person becomes a Restricted Subsidiary of the Company and, with respect to a Material Subsidiary, a Guarantor; or 

  

	 	(b)	such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company that is a
Guarantor or a Foreign Subsidiary of the Company; 

  

	 	(4)	any Investment made as a result of the receipt of non-cash consideration from an Asset Sale that was made pursuant to and in compliance with Section 4.10 of this Indenture;

  

	 	(5)	Investments made solely in exchange for the issuance of Equity Interests (other than Disqualified Stock) of the Company; 

  

	 	(6)	any Investments received in compromise or resolution of (a) obligations of trade creditors, suppliers or customers that were incurred in the ordinary course of business of the Company or any of its Restricted
Subsidiaries, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor, supplier or customer; or (b) litigation, arbitration or other disputes with Persons who are not
Affiliates; 

  
 17 

	 	(7)	Investments represented by Hedging Obligations; 

  

	 	(8)	loans or advances to employees made in the ordinary course of business of the Company or the Restricted Subsidiary of the Company in an aggregate principal amount not to exceed $3.0 million at any one time outstanding;

  

	 	(9)	repurchases of the Notes; 

  

	 	(10)	Investments existing on the date of this Indenture; 

  

	 	(11)	Guarantees otherwise permitted by the terms of this Indenture; 

  

	 	(12)	the acquisition by a Receivables Subsidiary in connection with a Qualified Receivables Transaction of Equity Interests of a trust or other Person established by such Receivables Subsidiary to effect such Qualified
Receivables Transaction; and any other Investment by the Company or a Restricted Subsidiary of the Company in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person in connection with a Qualified Receivables
Transaction; provided, that such other Investment is in the form of a note or other instrument that the Receivables Subsidiary or other Person is required to repay from available cash collections less amounts required to be established as reserves
pursuant to contractual agreements with entities that are not Affiliates of the Company entered into as part of a Qualified Receivables Transaction; and 

  

	 	(13)	other Investments in any Person other than an Affiliate of the Company having an aggregate Fair Market Value (measured on the date each such Investment was made and without giving effect to subsequent changes in value),
when taken together with all other Investments made pursuant to this clause (13) that are at the time outstanding not to exceed $35.0 million; provided, however, that if an Investment pursuant to this clause (13) is made in any Person that
is not a Restricted Subsidiary of the Company at the date of the making of the 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). 

 “Permitted Liens”
means: 
  

	 	(1)	Liens on assets of the Company or any of its Restricted Subsidiaries securing Indebtedness and other Obligations that was incurred pursuant to clause (1), (2), (3), (5) or (15) of Section 4.09(b) and/or
securing Hedging Obligations related thereto; 

  

	 	(2)	Liens in favor of the Company or any of its Restricted Subsidiaries that are Guarantors; 

  
 18 

	 	(3)	Liens on property of a Person existing at the time such Person is merged with or into or consolidated with the Company or any Subsidiary of the Company; provided that such Liens were in existence prior to the
contemplation of such merger or consolidation and do not extend to any assets other than those of the Person merged into or consolidated with the Company or the Subsidiary; 

 

	 	(4)	Liens on property (including Capital Stock) existing at the time of acquisition of the property by the Company or any Subsidiary of the Company; provided that such Liens were in existence prior to, such
acquisition, and not incurred in contemplation of, such acquisition; 

  

	 	(5)	Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds or other obligations of a like nature incurred in the ordinary course of business; 

 

	 	(6)	Liens to secure Indebtedness (including Capital Lease Obligations) permitted by clause (5) of Section 4.09(b) of this Indenture covering only the assets acquired with or financed by such Indebtedness;

  

	 	(7)	Liens existing on the date of this Indenture; 

  

	 	(8)	Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by appropriate proceedings promptly instituted and diligently concluded;
provided that any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor; 

  

	 	(9)	Liens imposed by law, such as carriers’, warehousemen’s, landlord’s and mechanics’ Liens, in each case, incurred in the ordinary course of business; 

 

	 	(10)	survey exceptions, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and
telephone lines and other similar purposes, or zoning or other restrictions as to the use of real property that were not incurred in connection with Indebtedness and that do not materially impair their use in the operation of the business of such
Person; 

  

	 	(11)	Liens created for the benefit of (or to secure) the Notes (or the Subsidiary Guarantees, if any); 

  

	 	(12)	Liens to secure any Permitted Refinancing Indebtedness permitted to be incurred under this Indenture; provided, however, that: 

 

	 	(a)	the new Lien shall be limited to all or part of the same property and assets that secured or, under the written agreements pursuant to which the original Lien arose, could secure the original Lien (plus improvements and
accessions to, such property or proceeds or distributions thereof); and 

  

	 	(b)	the Indebtedness secured by the new Lien is not increased to any amount greater than the sum of (x) the outstanding principal amount or, if greater, committed amount, of the Permitted Refinancing Indebtedness and
(y) an amount necessary to pay any fees and expenses, including premiums, related to such refinancings, refunding, extension, renewal or replacement; 

  
 19 

	 	(13)	Liens incurred or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security, including any Lien securing letters of credit
issued in the ordinary course or business consistent with past practice in connection therewith, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government contacts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money); 

 

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

  

	 	(15)	Liens encumbering deposits made to secure obligations arising from statutory, regulatory, contractual, or warranty requirements of the Company or any of its Restricted Subsidiaries, including rights of offset and set-off; 

  

	 	(16)	leases or subleases granted to others that do not materially interfere with the ordinary course of business of the Company and its Restricted Subsidiaries; 

 

	 	(17)	Liens on assets of the Company or a Receivables Subsidiary incurred in connection with a Qualified Receivables Transaction; 

  

	 	(18)	Liens arising from filing any Uniform Commercial Code financing statement regarding leases; 

  

	 	(19)	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; 

 

	 	(20)	Liens securing Hedging Obligations which Hedging Obligations relate to Indebtedness that is otherwise permitted under this Indenture; 

 

	 	(21)	Liens resulting from operation of law with respect to any judgments, awards or orders to the extent that such judgments, awards or orders do not cause or constitute an Event of Default; 

 

	 	(22)	Liens in favor of banks that arise under Article 4 of the UCC on items in collection and documents relating thereto; 

  

	 	(23)	Liens arising from transactions permitted pursuant to clause (10) of the second paragraph of the definition of Asset Sale; and 

  

	 	(24)	Liens incurred in the ordinary course of business of the Company or any Subsidiary of the Company with respect to obligations that do not exceed $10.0 million at any one time outstanding. 

  
 20 

 “Permitted Refinancing Indebtedness” means any Indebtedness of the
Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to refund, refinance, replace, defease or discharge other Indebtedness of the Company or any of its Restricted Subsidiaries (other than
intercompany Indebtedness); provided that: 
  

	 	(1)	the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness extended, refinanced,
renewed, replaced, defeased or refunded (plus all accrued interest on the Indebtedness and the amount of all expenses and premiums incurred in connection therewith); 

 

	 	(2)	(a) if the Stated Maturity of the Indebtedness being refinanced is earlier than the Stated Maturity of the Notes, the Permitted Refinancing Indebtedness has a Stated Maturity no earlier than the Stated Maturity of the
Indebtedness being refinanced or (b) if the Stated Maturity of the Indebtedness being refinanced is later than the Stated Maturity of the Notes, the Permitted Refinancing Indebtedness has a Stated Maturity at least 91 days later than the Stated
Maturity of the Notes; 

  

	 	(3)	such Permitted Refinancing Indebtedness has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being extended, refinanced, renewed, replaced, defeased
or refunded; 

  

	 	(4)	if the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is contractually subordinated in right of payment or otherwise subject to security interests of a junior priority to the Notes,
such Permitted Refinancing Indebtedness is contractually subordinated in right of payment or otherwise subject to security interests of a junior priority to the Notes on terms at least as favorable to the Holders of Notes as those contained in the
documentation governing the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; 

  

	 	(5)	such Permitted Refinancing Indebtedness is not secured by any property or any Lien other than those securing the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; 

 

	 	(6)	if the Holders of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded are parties to the Intercreditor Agreement, the Holders of such Permitted Refinancing Indebtedness shall be a party
to the Intercreditor Agreement and any such extension, refinancing, renewal, replacement, defeasance or refunding shall have been made in accordance with the terms of the Intercreditor Agreement; and 

 

	 	(7)	if the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded was incurred either by the Company or by any Guarantor, such Permitted Refinancing Indebtedness is incurred by the Company or any
Guarantor and, if the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded was incurred by a Restricted Subsidiary that is not a Guarantor, such Permitted Refinancing Indebtedness is incurred by such Restricted
Subsidiary. 

  
 21 

 “Permitted Tax Distributions” means the payment of any distributions to
permit direct or indirect beneficial owners of shares of Capital Stock of the Company to pay federal, state or local income tax liabilities arising from income to the Company and attributable to them solely as a result of the Company’s and any
intermediate entity through which the Holder owns such shares being a limited liability company, partnership or similar entity for federal income tax purposes. 

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

“Private Placement Legend” means the legend set forth in Section 2.06(f)(1) to be placed on all Notes issued
under this Indenture except where otherwise permitted by the provisions of this Indenture. 
 “QIB” means a
“qualified institutional buyer” as defined in Rule 144A. 
 “Qualified Capital Stock” means any Capital
Stock that is not Disqualified Stock. 
 “Qualified Holdco Indebtedness” means any Indebtedness incurred after the
Issue Date by Kellwood Holding Corp. to finance some or all of its acquisition of assets of another Person (whether through the direct acquisition of such assets or the acquisition of Capital Stock of any Person owning such assets) that is
designated by the chief financial officer of the Company as Qualified Holdco Indebtedness for purposes of this Indenture; provided that (i) such assets are used or useful in a Permitted Business and are contributed within five Business
Days of the acquisition thereof to the Company or a Wholly Owned Restricted Subsidiary of the Company and (ii) at the time such Indebtedness is designated as Qualified Holdco Indebtedness, the Company could have incurred such Indebtedness under
the Fixed Charge Coverage Ratio test set forth in Section 4.09(a) of this Indenture or as Permitted Debt. 
 “Qualified
Holdco Proceeds” means the portion of the purchase price of any property or assets that are contributed to the Company by a direct or indirect parent of the Company that was paid by such parent in cash other than the proceeds of
Qualified Holdco Indebtedness; provided that such assets are used or useful in a Permitted Business and are contributed within ten Business Days of the acquisition thereof to the Company. 

“Qualified Receivables Transaction” means any transaction or series of transactions entered into by the Company or any
of its Restricted Subsidiaries pursuant to which, in return for the payment of fair market value to the Company or the applicable Restricted Subsidiary, the Company or any of its Restricted Subsidiaries sells, conveys or otherwise transfers
to (i) a Receivables Subsidiary (in the case of a transfer by the Company or any of its Restricted 

  
 22 

 
Subsidiaries) and (ii) any other Person (in the case of a transfer by a Receivables Subsidiary), or grants a security interest in, any accounts receivable (whether now existing or arising in
the future) of the Company or any of its Restricted Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of
such accounts receivable, proceeds of such accounts receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving
accounts receivable. 
 “Receivables Subsidiary” means a Wholly Owned Restricted Subsidiary of the Company which
engages in no activities other than in connection with the financing of accounts receivable and which is designated by the Board of Directors of the Company (as provided below) as a Receivables Subsidiary (a) no portion of the Indebtedness or
any other Obligations (contingent or otherwise) of which (i) is guaranteed by the Company or any Restricted Subsidiary of the Company (excluding guarantees of Obligations (other than the principal of, and interest on, Indebtedness) pursuant to
representations, warranties, covenants and indemnities entered into in the ordinary course of business in connection with a Qualified Receivables Transaction), (ii) is recourse to or obligates the Company or any Restricted Subsidiary of the
Company in any way other than pursuant to representations, warranties, covenants and indemnities entered into in the ordinary course of business in connection with a Qualified Receivables Transaction or (iii) subjects any property or asset of
the Company or any Restricted Subsidiary of the Company (other than accounts receivable and related assets as provided in the definition of “Qualified Receivables Transaction”), directly or indirectly, contingently or otherwise, to the
satisfaction thereof, other than pursuant to representations, warranties, covenants and indemnities entered into in the ordinary course of business in connection with a Qualified Receivables Transaction, (b) with which neither the Company nor
any Restricted Subsidiary of the Company has any material contract, agreement, arrangement or understanding other than on terms no less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the time from Persons
who are not Affiliates of the Company, other than fees payable in the ordinary course of business in connection with servicing accounts receivable and (c) with which neither the Company nor any Restricted Subsidiary of the Company has any
obligation to maintain or preserve such Subsidiary’s financial condition or cause such Subsidiary to achieve certain levels of operating results. Any such designation by the Board of Directors of the Company will be evidenced to the Trustee by
filing with the trustee a certified copy of the resolution of the Board of Directors of the Company giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the preceding conditions. 

“Refinancing Transactions” means the transactions contemplated by the Company’s offer to exchange up to
$140,500,000 in aggregate principal amount of 12 7/8% Second-Priority Senior Secured PIK Notes due December 31, 2014, for up to $140,500,000 in aggregate principal amount of the Company’s 7 7/8% Senior Notes due 2009, and up to $26,089,400
in aggregate principal amount of 12 7/8% Second-Priority Senior Secured PIK Notes due December 31, 2014, for up to $130,447,000 in aggregate principal amount of the Company’s 7 5/8% Senior Notes due 2017, upon the terms and conditions of
the Offering Memorandum, dated June 10, 2009, as it may be supplemented or amended from time to time, the “Exchange Offer.” 

“Regulation S” means Regulation S promulgated under the Securities Act. 

  
 23 

 “Regulation S Global Note” means a Global Note bearing the Private
Placement Legend and deposited with or on behalf of the Depositary and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes initially sold in reliance on Rule 903 of
Regulation S or a Regulation S Temporary Global Note or Regulation S Permanent Global Note, as appropriate. 
 “Regulation S
Permanent Global Note” means a permanent Global Note in the form of Exhibit A1 hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its
nominee, issued in a denomination equal to the outstanding principal amount of the Regulation S Temporary Global Note upon expiration of the Restricted Period. 

“Regulation S Temporary Global Note” means a temporary Global Note in the form of Exhibit A2 hereto deposited with or
on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes initially sold in reliance on Rule 903 of Regulation S. 

“Responsible Officer” when used with respect to the Trustee, means any officer within the Corporate Trust Office of
the Trustee (or any successor group of the Trustee) or any other officer of the Trustee 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 who shall have direct responsibility for the administration of this Indenture. 

“Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 

“Restricted Global Note” means a Global Note bearing the Private Placement Legend. 

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

“Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 

“Restricted Subsidiary” of a Person means any Subsidiary of the referenced Person that is not an Unrestricted
Subsidiary. 
 “Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 144A Global Note” means a Global Note substantially in the form of Exhibit A1 hereto bearing the Global Note
Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on
Rule 144A. 

  
 24 

 “Rule 501(a) Global Note” means a Global Note substantially in the form
of Exhibit A1 hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding
principal amount of the Notes offered to Accredited Investors. 
 “Rule 903” means Rule 903 promulgated under the
Securities Act. 
 “Rule 904” means Rule 904 promulgated under the Securities Act. 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Security Documents” means the Intercreditor Agreement and all security agreements executed in connection with the
Indenture for the benefit of the Holders of the Notes, including: that certain Second Lien Security Agreement, dated on or about the date hereof, by and among the Company, the Guarantors and the Collateral Agent; that certain Trademark Security
Agreement, dated on or about the date hereof, by and among the Company, the Guarantors and the Collateral Agent; that certain Patent Security Agreement, dated on or about the date hereof, by and among the Company, the Guarantors and the Collateral
Agent; that certain Copyright Security Agreement, dated on or about the date hereof, by and among the Company, the Guarantors and the Collateral Agent; and all pledge agreements, collateral assignments, mortgages, collateral agency agreements,
control agreements or other grants or transfers for security executed and delivered by the Company or any Guarantor creating (or purporting to create) a Lien upon Collateral in favor of the Collateral Agent, in each case, as amended, modified,
renewed, restated, amended and restated, or replaced, in whole or in part, from time to time, in accordance with its terms and the provisions described in Article 10 hereof. 

“Significant Subsidiary” means any 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 date of this Indenture. 

“Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the
date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the date of this Indenture, and will not include any contingent obligations to repay, redeem or repurchase any such
interest or principal prior to the date originally scheduled for the payment thereof. 
 “Subsidiary” means, with
respect to any specified Person: 
  

	 	(1)	any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency and after giving effect to
any voting agreement or securityholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is at the time owned or controlled,
directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 

  

	 	(2)	any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are that Person or one or more
Subsidiaries of that Person (or any combination thereof). 

  
 25 

 “Subsidiary Guarantee” means the Guarantee by any Guarantor of the
Company’s obligations under this Indenture and on the Notes, executed pursuant to the provisions of this Indenture. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of
this Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so
amended. 
 “Total Assets” means, with respect to any Person, the aggregate of all assets of such Person and its
Subsidiaries as would be shown on the consolidated balance sheet of such Person in accordance with GAAP. 

“Trustee” means the party named as such in the preamble to this Indenture until a successor replaces it in accordance
with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “Unrestricted
Definitive Note” means one or more Definitive Notes that do not bear and are not required to bear the Private Placement Legend. 

“Unrestricted Global Note” means a permanent global Note substantially in the form of Exhibit A1 attached hereto that
bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary, representing a series of Notes
that do not bear the Private Placement Legend. 
 “Unrestricted Subsidiary” means any Subsidiary of the Company that
is designated by the Board of Directors as an Unrestricted Subsidiary pursuant to a Board Resolution, but only to the extent that such Subsidiary: 
  

	 	(1)	has no Indebtedness other than Non-Recourse Debt; 

  

	 	(2)	except as permitted by Section 4.11 of this Indenture is not party to any agreement, contract, arrangement or understanding with the Company or any Restricted Subsidiary of the Company unless the terms of any such
agreement, contract, arrangement or understanding are no less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of the Company; 

  
 26 

	 	(3)	is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or
preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; and 

  

	 	(4)	has not guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of the Company or any of its Restricted Subsidiaries. 

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

“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 at any date, the number of years obtained by dividing: 
  

	 	(1)	the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in
respect of the Indebtedness, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 

 

	 	(2)	the then outstanding principal amount of such Indebtedness. 

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

Section 1.02 Other Definitions. 
  

			
	 Term
	  	 Defined in

Section

		
	“Affiliate Transaction”	  	4.11
	“Asset Sale Offer”	  	3.09
	“Authentication Order”	  	2.02
	“Cash Interest”	  	2.02, Exhibit A1 and A2
	“Change of Control Offer”	  	4.15
	“Change of Control Payment”	  	4.15
	“Change of Control Payment Date”	  	4.15
	“Covenant Defeasance”	  	8.03
	“Defaulted Interest Payment Date”	  	2.12
	“DTC”	  	2.03
	“Event of Default”	  	6.01
	“Excess Proceeds”	  	4.10
	“incur”	  	4.09

  
 27 

			
	 Term
	  	 Defined in

Section

		
	“Legal Defeasance”	  	8.02
	“Mandatory Principal Redemption Amount”	  	3.08
	“Offer Amount”	  	3.09
	“Offer Period”	  	3.09
	“OID”	  	2.03
	“Old 2017 Notes”	  	4.07
	“Paying Agent”	  	2.03
	“Payment Default”	  	6.01
	“Permitted Debt”	  	4.09
	“PIK Interest”	  	2.02, Exhibit A1 and A2
	“Purchase Date”	  	3.09
	“Registrar”	  	2.03
	“Restricted Equity Payments”	  	4.07
	“Restricted Payments”	  	4.07
	“Tax Payments”	  	4.07

 Section 1.03 Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.

 The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes and any Guarantee; 

“indenture security holder” means a Holder of a Note; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; and 

“obligor” on the Notes and the Guarantees means the Company and the Guarantors, respectively, and any successor
obligor upon the Notes and the Guarantees, respectively. 
 All other terms used in this Indenture that are defined by the TIA, defined by
TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them therein. 
 Section 1.04 Rules of
Construction. 
 Unless the context otherwise requires: 

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

  
 28 

 (2) an accounting term not otherwise defined has the meaning assigned to it in
accordance with GAAP; 
 (3) “or” is not exclusive; 

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

(5) provisions apply to successive events and transactions; 

(6) references to sections of or rules under the Securities Act or the Exchange Act will be deemed to include substitute,
replacement of successor sections or rules adopted by the SEC from time to time; 
 (7) “including” means
“including without limitation”; and 
 (8) “herein”, “hereof” and similar terms refer to this
entire Indenture and not just to any individual Section or Article unless provided otherwise. 
 ARTICLE 2.  

THE NOTES 
 Section 2.01 Form and
Dating. 
 (a) General. The Notes and the Trustee’s certificate of authentication will be substantially in the form of
Exhibit A1 and A2 hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note will be dated the date of its authentication. The Notes shall be issued only in minimum denominations of $1,000
and integral multiples of $1.00 in excess thereof, subject to the issuance of Additional Notes in respect of interest payments, which may be issued in integral multiples of $1.00. 

The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of this Indenture and the Company, any
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. 
 In addition, with the consent of the Holders of at
least a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a tender offer or exchange offer for the Notes), the Company may increase the outstanding principal amount of the
Notes under this Indenture on the same terms and conditions as the Notes offered hereby; provided, however, that the Company may, in accordance with Section 2.02, pay PIK Interest (with respect to Global Notes, by increasing the
principal amount of the Notes, or with respect to Notes represented by Definitive Notes, by issuing Additional Notes) without the consent of the Holders. 

(b) Global Notes. Notes issued in global form will be substantially in the form of Exhibit A1 or A2 attached hereto
(including the Global Note Legend thereon and the “Schedule 

  
 29 

 
of Exchanges of Interests in the Global Note” attached thereto). Notes issued in definitive form will be substantially in the form of Exhibit A1 attached hereto (but without the Global Note
Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note will represent such of the outstanding Notes as will be specified therein and each shall provide that it represents
the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect
exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction
of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 hereof. 
 (c) Temporary
Global Notes. Notes offered and sold in reliance on Regulation S will be issued initially in the form of a Regulation S Temporary Global Note substantially in the form of Exhibit A2 hereto, which will be deposited on behalf of the purchasers of
the Notes represented thereby with the Trustee, at its Corporate Trust Office, as custodian for the Depositary, and registered in the name of the Depositary or the nominee of the Depositary for the accounts of designated agents holding on behalf of
Euroclear or Clearstream, duly executed by the Company and authenticated by the Trustee as hereinafter provided. Following the termination of the Restricted Period, beneficial interests in the Regulation S Temporary Global Note will be exchanged for
beneficial interests in Regulation S Permanent Global Notes pursuant to the Applicable Procedures. Simultaneously with the authentication of Regulation S Permanent Global Notes, the Trustee will cancel the Regulation S Temporary Global Note. The
aggregate principal amount of the Regulation S Temporary Global Note and the Regulation S Permanent Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as
the case may be, in connection with transfers of interest as hereinafter provided. 
 (d) Automatic Exchange from Restricted Global Note
to Unrestricted Global Note. Beneficial interests in a Global Note that is subject to restrictions set out in Section 2.06(f)(1)(A) (including the legend set forth in Section 2.06(f)(1)(A)) (the “Restricted Global Note”) will
be automatically exchanged into beneficial interests in an unrestricted Global Note that is no longer subject to the restrictions set out in Section 2.06(f)(1)(A) (including removal of the legend set forth in Section 2.06(f)(1)(A)) (the
“Unrestricted Global Note”) without any action required by or on behalf of the Noteholder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least 15 days but not more than 30 days prior to the
automatic exchange date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each Noteholder at such Noteholder’s address appearing in the Note Register, with a copy to the Trustee. The Automatic Exchange Notice
shall identify the Notes subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP”
number of the Restricted Global Note from which such Noteholders’ beneficial interests will be transferred and (4) the “CUSIP” number of the Unrestricted Global Note into which such Holders’ beneficial interests will be
transferred. At the Company’s request on no less than 5 days’ prior notice, the Trustee shall deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each Noteholder at such Noteholder’s address
appearing in the Note Register; provided, however, that the Company shall have delivered to the Trustee an Officers’ Certificate requesting 

  
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that the Trustee give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in
the preceding sentence. As a condition to any such Automatic Exchange, the Trustee shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the
Company, in form and in substance reasonably satisfactory to the Trustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note shall be effected in compliance with the Securities Act. Upon such exchange of
beneficial interests, the Registrar shall endorse the Schedule of Increases and Decreases in Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal
amount of the applicable Restricted Global Note(s) and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic
Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer, the relevant Restricted Global Note shall be cancelled. 

Section 2.02 Execution and Authentication; Interest on Notes. 

Two Officers will sign the Notes for the Company by manual or facsimile signature. One Officer of each Guarantor will sign the Guarantee for
such Guarantor by manual or facsimile signature. 
 If an Officer whose signature is on a Note or Guarantee no longer holds that office at
the time a Note is authenticated, the Note and Guarantee will nevertheless be valid. 
 A Note will not be valid until authenticated by the
manual signature of the Trustee. The signature will be conclusive evidence that the Note has been authenticated under this Indenture. 
 (a)
The Trustee will authenticate and deliver: (i) on the Final Settlement Date, such amount of Initial Notes as are required to be issued by the Company in connection with the Exchange Offer, in aggregate principal amount specified in a written
order of the Company pursuant to this Section 2.02, in each case, signed by two Officers of the Company (an “Authentication Order”) and (ii) from time to time in accordance with the terms hereof, Additional Notes
for an original issue in an aggregate principal amount specified in the written order of the Company pursuant to this Section 2.02, in each case, upon an Authentication Order. Such Authentication Order will specify the amount of the Notes to be
authenticated and the date on which the original issue of the Notes is to be authenticated. In authenticating such Notes the Trustee shall receive, and (subject to Section 7.01) will be fully protected in relying upon, an Opinion of Counsel
stating: 
 (1) the form of such Notes has been established in conformity with the provisions of this Indenture, 

(2) the Indenture, the Notes and the Guarantees, when the Notes have authenticated and delivered by the Trustee and issued by
the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company and each Guarantor enforceable in accordance with

  
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their terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium, or other laws relating to or affecting creditors’ rights and by
general principles of equity; and 
 (3) that all laws and requirements in respect of the execution and delivery by the
Company and the Guarantors of such Notes have been complied with. 
 The Trustee may appoint an authenticating agent acceptable to the
Company to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the
same rights as an Agent to deal with Holders or an Affiliate of the Company. 
 The Company shall pay interest on the Notes semi-annually in
arrears on January 15 and July 15 of each year (each, an “Interest Payment Date”). 
 The first Interest Payment Date
shall be January 15, 2010. Interest will accrue on the Notes beginning on the Issue Date through and including the date on which the Notes are paid in full in cash at the rate of 12 7/8% per annum, and will be paid (i) in cash at a
rate of 7 7/8% per annum (“Cash Interest”); and (ii) at a rate of 5% per annum (“PIK Interest”), which interest will be payable either (x) with respect to Notes represented by
Global Notes, by increasing the principal amount of the Notes, or (y) with respect to Notes represented by Definitive Notes, by issuing Additional Notes, in either case with a principal amount equal to the PIK Interest accrued on the
outstanding principal balance of the Notes for the applicable interest period. Upon being added to the principal amount of any Notes represented by Global Notes on any Interest Payment Date, any capitalized PIK Interest amount shall be considered
principal for all purposes of this Indenture and the Notes, which amount shall be due and payable on the Maturity Date (or such earlier date as the principal amount of the Notes may become due and payable under this terms of this Indenture and the
Notes). Each such capitalized PIK Interest amount shall accrue interest at the rate set forth above beginning on, and including, the Interest Payment Date on which such amount is added to the principal amount of the Notes and such interest shall
accrue and be paid, together with the interest on the remaining principal amount of the Notes, in accordance with the terms of this Indenture and the Notes. 

On any interest payment date on which the Company pays interest on the Notes in the form of Additional Notes by issuing Additional Notes which
are Definitive Notes, the principal amount of any such Additional Notes issued to any Holder, for the relevant interest period as of the relevant record date for such interest payment date, shall be rounded up to the nearest $1.00. With respect to
Notes represented by certificated notes, interest in the form of Additional Notes shall be paid by issuing Additional Notes in certificated form in an aggregate principal amount equal to the amount of interest paid in the form of Additional Notes
for the applicable period (rounded up to the nearest $1.00), the Company will prepare and execute, and cause the Guarantors to execute the Guarantees, and the Trustee will, at the request of the Company, authenticate and deliver such Additional
Notes in certificated form for original issuance to the Holders on the relevant record date, as shown by the records of the register of Holders. Any payment of interest in Additional Notes shall be deemed to be payment in full of such interest
amount to the same extent as if it were paid in cash. 

  
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 Section 2.03 Registrar and Paying Agent. 

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

The Company initially appoints the Trustee to act as the Registrar and Paying Agent and to act as Custodian with respect to the Global Notes.

 Except as the Company and the Trustee may otherwise agree, the Company shall promptly file with the Trustee by each January 15th a
written notice specifying the amount of the original issue discount (“OID”) accrued on the Notes for the previous calendar year, including daily rates and accrual periods, and such other information relating to OID as may be
required under the United States Internal Revenue Code of 1986, as amended and applicable regulations, as amended from time to time. 
 Section 2.04
Paying Agent to Hold Money in Trust. 
 The Company will require each Paying Agent other than the Trustee to agree in writing that
the Paying Agent will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or interest on the Notes, and will notify the Trustee of any default by the Company in making any
such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to
the Trustee, the Paying Agent (if other than the Company or a Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the
Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Notes. 

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

  
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 Section 2.06 Transfer and Exchange. 

(a) Transfer and Exchange of Global Notes. A Global Note may not be transferred as a whole except by the Depositary to a nominee of the
Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Notes will be exchanged by
the Company for Definitive Notes if: 
 (1) DTC (A) notifies the Company that it is unwilling or unable to continue as
Depositary for the Global Notes or (B) has ceased to be a clearing agency registered under the Exchange Act and, in either case, the Company fails to appoint a successor Depositary; 

(2) the Company, at its option, elects to exchange the Global Notes (in whole but not in part) for Definitive Notes and
delivers a written notice to such effect to the Trustee; provided that in no event shall the Regulation S Temporary Global Note be exchanged by the Company for Definitive Notes prior to (x) the expiration of the Restricted Period and
(y) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act; or 

(3) there has occurred and is continuing an Event of Default with respect to the Notes. 

Upon the occurrence of any of the preceding events in (1), (2) or (3) above, Definitive Notes shall be issued in such names, and issued in the
approved denominations, as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10 hereof. Every Note authenticated and delivered in exchange for, or in
lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another
Note other than as provided in this Section 2.06(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b) or (c) hereof. 

(b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global
Notes will be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes will be subject to restrictions on transfer comparable to those set
forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other
following subparagraphs, as applicable: 
 (1) Transfer of Beneficial Interests in the Same Global Note. Beneficial
interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement
Legend; 

  
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provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in the Regulation S Temporary Global Note may not be made to a U.S.
Person or for the account or benefit of a U.S. Person. Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written
orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1). 

(2) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and
exchanges of beneficial interests that are not subject to Section 2.06(b)(1) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(A) both: 

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

(ii) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account
to be credited with such increase; or 
 (B) both: 

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

(ii) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such
Definitive Note shall be registered to effect the transfer or exchange referred to in (1) above; provided that in no event shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in the Regulation S Temporary
Global Note prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903 under the Securities Act. 

Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this
Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(g) hereof. 

(3) Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global
Note may be transferred to a Person who 

  
 35 

 
takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar
receives the following: 
 (A) if the transferee will take delivery in the form of a beneficial interest in the Rule 144A
Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

(B) if the transferee will take delivery in the form of a beneficial interest in the Regulation S Global Note, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

(C) if the transferee will take delivery in the form of a beneficial interest in the Rule 501(a) Global Note, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (3) thereof. 

(4) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted
Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the following: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 

(B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (5) thereof; 

and if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with
the Securities Act. 
 If any such transfer is effected pursuant to this subparagraph (4) at a time when an Unrestricted Global Note
has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to
the aggregate principal amount of beneficial interests transferred pursuant to this subparagraph (4). 

  
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 Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to
Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer or Exchange of
Beneficial Interests for Definitive Notes. 
 (1) Beneficial Interests in Restricted Global Notes to Restricted Definitive
Notes. If any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form
of a Restricted Definitive Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the holder of
such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item
(2)(a) thereof; 
 (B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if
such beneficial interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof;

 (D) if such beneficial interest is being transferred (other than pursuant to Rule 903 or Rule 904) to an Institutional
Accredited Investor that is not a QIB, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3) thereof; 

(E) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (4)(a) thereof; 

(F) if such beneficial interest is being transferred to the Company or any of its Subsidiaries, a certificate to the effect set
forth in Exhibit B hereto, including the certifications in item (4)(b) thereof; or 
 (G) if such beneficial interest is
being transferred pursuant to an effective registration statement under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (4)(c) thereof, 

  
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 the Trustee shall cause the aggregate principal amount of the applicable Global Note to be
reduced accordingly pursuant to Section 2.06(g) hereof, and the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any
Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such
beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any
Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c)(1) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 

(2) Beneficial Interests in Regulation S Temporary Global Note to Definitive Notes. Notwithstanding Sections
2.06(c)(1)(A) and (C) hereof, a beneficial interest in the Regulation S Temporary Global Note may not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive Note prior to
(A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act, except in the case of a transfer pursuant to an exemption from the
registration requirements of the Securities Act other than Rule 903 or Rule 904. 
 (3) Beneficial Interests in
Restricted Global Notes to Unrestricted Definitive Notes. A holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a
Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if the Registrar receives the following: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
Definitive Note that does not bear the Private Placement Legend, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

(B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of a Definitive Note that does not bear the Private Placement Legend, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (5) thereof; 

and if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with
the Securities Act. 

  
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 (4) Beneficial Interests in Unrestricted Global Notes to Unrestricted
Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the
form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b)(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Unrestricted Global Note to be reduced accordingly pursuant to
Section 2.06(g) hereof, and the Company will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a
beneficial interest pursuant to this Section 2.06(c)(3) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from
or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest
pursuant to this Section 2.06(c)(3) will not bear the Private Placement Legend. 
 (d) Transfer and Exchange of Definitive Notes for
Beneficial Interests. 
 (1) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If
any Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial
interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the
Holder of such Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof;

 (B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A, a certificate to the
effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such Restricted
Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such Restricted Definitive Note is being transferred (other than pursuant to Rule 903 or Rule 904) to an Institutional
Accredited Investor that is not a QIB, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3) thereof; 

(E) if such Restricted Definitive Note is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (4)(a) thereof; 

  
 39 

 (F) if such Restricted Definitive Note is being transferred to the Company or any
of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (4)(b) thereof; or 

(G) if such Restricted Definitive Note is being transferred pursuant to an effective registration statement under the
Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (4)(c) thereof, 
 the
Trustee will cancel the Restricted Definitive Note, increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the Rule
144A Global Note, in the case of clause (C) above, the Regulation S Global Note, in the case of clause (D) above, the Rule 501(a) Global Note, as applicable. 

(2) Restricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of a Restricted
Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note
only if the Registrar receives the following: 
 (A) if the Holder of such Definitive Notes proposes to exchange such Notes
for a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(B) if the Holder of such Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the
form of a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (5) thereof; 

and if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with
the Securities Act. 
 Upon satisfaction of the conditions of any of the subparagraphs in this Section 2.06(d)(2), the Trustee will
cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 

(3) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted
Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted

  
 40 

 
Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the
aggregate principal amount of one of the Unrestricted Global Notes. 
 If any such exchange or transfer from a Definitive Note to a
beneficial interest is effected pursuant to subparagraphs (2) or (3) above at a time when an Unrestricted Global Note has not yet been issued, the Company will issue and, upon receipt of an Authentication Order in accordance with
Section 2.02 hereof, the Trustee will authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 

(e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s
compliance with the provisions of this Section 2.06(e), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder must present or surrender to the
Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder
must provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.06(e). 

(1) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted Definitive Note may be transferred to and
registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A) if the transfer will be made pursuant to Rule 144A under the Securities Act, then the transferor must deliver a certificate
in the form of Exhibit B hereto, including the certifications in item (1) thereof; 
 (B) if the transfer will be made
pursuant to Rule 903 or Rule 904, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; 

(C) if the transfer will be made (other than pursuant to Rule 903 and Rule 904) to an Institutional Accredited Investor that is
not a QIB, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (3) thereof; and 

(D) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act, then
the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications required by item (4) thereof, as applicable. 

(2) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive Note may be exchanged by the
Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if the Registrar receives the following: 

(A) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note, a
certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 

  
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 (B) if the Holder of such Restricted Definitive Notes proposes to transfer such
Notes to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (5) thereof; 

and if the Registrar so requests, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such exchange or
transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

(3) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of Unrestricted Definitive Notes may
transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted Definitive Notes pursuant to the
instructions from the Holder thereof. 
 (f) Legends. The following legends will appear on the face of all Global Notes and
Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 

(1) Private Placement Legend. 

(A) Except as permitted by subparagraph (B) below, each Global Note and each Definitive Note (and all Notes issued in
exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
 “THE SECURITY (OR ITS
PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE
OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS
OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT: 

(A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY 

  
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 (i) (a) TO A PERSON WHO IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER
THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 903 OR RULE 904 UNDER THE SECURITIES ACT, (d) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF THE SECURITIES ACT (AN “INSTITUTIONAL ACCREDITED
INVESTOR”)) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL
AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
(AND BASED UPON AN OPINION OF COUNSEL IF THE ISSUER SO REQUESTS), 
 (ii) TO THE ISSUER, OR 

(iii) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE
UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND 
 (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF
THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE.” 
 (B) Notwithstanding the
foregoing, any Global Note or Definitive Note issued pursuant to subparagraphs (b)(4), (c)(3), (c)(4), (d)(2), (d)(3), (e)(2) or (e)(3) of this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) will not bear the
Private Placement Legend. 
 (2) Global Note Legend. Each Global Note will bear a legend in substantially the
following form: 
 “THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE
BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL
NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE
TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 

  
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 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS
MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.”

 (3) Regulation S Temporary Global Note Legend. The Regulation S Temporary Global Note will bear a legend in
substantially the following form: 
 “THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS
EXCHANGE FOR CERTIFICATED NOTES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON.” 

(4) Definitive Note Legend. Each Definitive Note will also bear a legend in substantially the following form: 

“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.” 
 Upon any sale or
transfer of a Restricted Definitive Note pursuant to Rule 144, the Registrar will permit the transferee thereof to exchange such Restricted Definitive Note for a certificated Note that does not bear the legend set forth above and rescind any
restriction on the transfer of such Restricted Definitive Note, if the transferor thereof certifies in writing to the 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). 

  
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 (5) OID Legend. Each Global Note and Definitive Note will also bear a
legend in substantially the following form: 
 “THIS NOTE WILL BE ISSUED WITH ORIGINAL ISSUE DISCOUNT (“OID”) WITHIN THE
MEANING OF SECTION 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE HOLDER MAY CONTACT THE CHIEF FINANCIAL OFFICER OF THE COMPANY AT (314) 576-3125 TO RECEIVE A CALCULATION OF THE ISSUE PRICE OF THIS NOTE, THE ACTUAL DATE OF
ISSUANCE, THE YIELD TO MATURITY AND THE AMOUNT OF OID ON THIS NOTE.” 
 (g) Cancellation and/or Adjustment of Global Notes. At
such time as all beneficial interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or
retained and canceled by the Trustee in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the
form of a beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the
Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note will be increased accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

(h) General Provisions Relating to Transfers and Exchanges. 

(1) To permit registrations of transfers and exchanges, the Company will prepare and execute, and cause the Guarantors to
execute the Guarantees, and the Trustee will authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 or at the Registrar’s request. 

(2) No service charge will be made to a Holder of a Global Note or to a Holder of a Definitive Note for any registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon
exchange or transfer pursuant to Sections 2.10, 3.06, 3.09, 4.10, 4.15 and 9.05 hereof). 
 (3) The Registrar will not be
required to register the transfer of or exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

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

  
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 (5) The Registrar will not be required: 

(A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business 15 days
before the day of any selection of Notes for redemption under Section 3.02 hereof and ending at the close of business on the day of selection; 

(B) to register the transfer of or to exchange any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part; or 
 (C) to register the transfer of or to exchange a Note between a record date
and the next succeeding interest payment date. 
 (6) Prior to due presentment for the registration of a transfer of any
Note, the Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other
purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (7) The Trustee
will authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.02 hereof. 
 (8) All
certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile. 

(9) Each Holder of a Note agrees to indemnify the Company, each Guarantor, the Registrar and the Trustee against any liability
that may result from the transfer, exchange or assignment of such Holder’s Note in violation of any provision of this Indenture and/or applicable United States Federal or state securities law. The Trustee and the Registrar shall have no
obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or
among Depositary Participants or beneficial owners of interests 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. 

(10) The Company and the Trustee may treat DTC (or its nominee) as the sole and exclusive owner of the Notes registered in its
name for the purposes of payment of the principal of or interest on the Notes, giving any notice permitted or required to be given to Holders under the Indenture, registering the transfer of Notes, obtaining any consent or other action to be taken
by registered owners and for all other purposes 

  
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whatsoever; and neither the Company nor the Trustee shall be affected by any notice to the contrary. Neither the Company nor the Trustee shall have any responsibility or obligation to any
participant in DTC, any Person claiming a beneficial ownership interest in the Securities under or through DTC or any such participant, or any other Person which is not shown on the register as being a registered owner, with respect to either the
Notes, the accuracy of any records maintained by DTC or any such participant, the payment by DTC or any such participant of any amount in respect of the principal of or interest on the Notes, any notice which is permitted or required to be given to
Holders under the Indenture, any consent given or other action taken by DTC as registered owner or any selection by DTC of any participant or other Person to receive payment of principal, interest or redemption price of the Notes. 

Section 2.07 Replacement Notes. 
 If
any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Note, the Company will issue and the Trustee, upon receipt of an Authentication Order,
will authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect
the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company may charge for its expenses in replacing a Note. 

Every replacement Note is an additional obligation of the Company and will be entitled to all of the benefits of this Indenture equally and
proportionately with all other Notes duly issued hereunder. 
 Section 2.08 Outstanding Notes. 

The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 hereof, a Note does
not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 
 If a Note is replaced pursuant to
Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a protected purchaser. 

If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases
to accrue. 
 If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a redemption date or
maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes will be deemed to be no longer outstanding and will cease to accrue interest. 

  
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 Section 2.09 Treasury Notes. 

In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned
by the Company, any Affiliates of the Company, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, will be considered as though not outstanding, except that for the
purposes of determining whether the Trustee will be protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee actually knows are so owned will be so disregarded. 

Section 2.10 Temporary Notes. 

Until certificates representing Notes are ready for delivery, the Company may prepare and the Trustee, upon receipt of an Authentication
Order, will authenticate temporary Notes. Temporary Notes will be substantially in the form of certificated Notes but may have variations that the Company considers appropriate for temporary Notes and as may be reasonably acceptable to the Trustee.
Without unreasonable delay, the Company will prepare and the Trustee will authenticate definitive Notes in exchange for temporary Notes. 

Holders of temporary Notes will be entitled to all of the benefits of this Indenture. 

Section 2.11 Cancellation. 
 The
Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent will forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else will
cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and will dispose of such canceled Notes (subject to the record retention requirement of the Exchange Act) in its customary manner.
Certification of the destruction of all canceled Notes will be delivered to the Company upon request. The Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 

Section 2.12 Defaulted Interest. 

If the Company defaults in a payment of Cash Interest or PIK Interest on the Notes, it will pay the defaulted interest in any lawful manner,
which will be at a rate of an additional 1% per annum, plus, to the extent lawful, interest payable on the defaulted interest, to the Holders thereof. If the Company pays the defaulted interest prior to 30 days of the default in payment of
interest, payment shall be paid to the record Holder of the Notes as of the original record date. If such default in payment of interest continues for 30 days, the Company will, in the case of Definitive Notes, establish a subsequent special record
date, which date shall be the fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest. If no special record date is required to be established pursuant to the immediately preceding sentence, (i) in the
case of Definitive Notes, Holders of record on the original record date shall be entitled to such payment of defaulted interest and any such interest payable on the defaulted interest and (ii) in the case of Global Notes, Holders on the
Defaulted Interest Payment Date (as defined in the next sentence) shall be to such defaulted interest and any such interest payable on the defaulted interest. The Company shall notify the Trustee and Paying Agent in writing of the amount of the

  
 48 

 
defaulted interest proposed to be paid on the Notes and the date of the proposed payment (a “Defaulted Interest Payment Date”), and at the same time the Company shall
deposit with the Trustee or Paying Agent 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 or Paying Agent for such deposit prior to the
date of the proposed payment. 
 Section 2.13 CUSIP Numbers. 

The Company in issuing the Notes may use CUSIP numbers (if then generally in use), and, if so, the Trustee will use CUSIP numbers in notices
of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption and that
reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption will not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee of any change in the CUSIP
numbers. 
 ARTICLE 3. 

REDEMPTION AND PREPAYMENT 

Section 3.01 Notices to Trustee. 

If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, it must furnish to the
Trustee, at least 30 days (subject to Section 3.03) but not more than 60 days before a redemption date, an Officers’ Certificate setting forth: 

(1) the clause of this Indenture pursuant to which the redemption shall occur; 

(2) the redemption date; 

(3) the principal amount of Notes to be redeemed; and 

(4) the redemption price. 

Section 3.02 Selection of Notes to Be Redeemed or Purchased. 

If less than all of the Notes are to be redeemed at any time, and if the Notes are Global Notes held by DTC, the applicable operational
procedures of DTC for selection of notes for redemption will apply, and as to any of the Notes that are not Global Notes, the Trustee will select Notes for redemption as follows: 

(1) if the Company notifies the Trustee the Notes are listed on any national securities exchange, in compliance with the
requirements of the principal national securities exchange on which the Notes are listed; or 
 (2) if the Notes are not
listed on any national securities exchange, on a pro rata basis, by lot or by such method as the Trustee shall deem appropriate. 

  
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 In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or
purchased will be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption or purchase date by the Trustee from the outstanding Notes not previously called for redemption or purchase. 

The Trustee will promptly notify the Company in writing of the Notes selected for redemption or purchase and, in the case of any Note selected
for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected will be in amounts of $1,000 or whole multiples of $1.00 in excess of $1,000; except that if all of the Notes of a
Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder, even if not a multiple of $1.00, shall be redeemed or purchased. Except as provided in the preceding sentence, provisions of this Indenture that
apply to Notes called for redemption or purchase also apply to portions of Notes called for redemption or purchase. 
 Section 3.03 Notice of
Redemption. 
 Subject to the provisions of Section 3.09 hereof, at least 30 days but not more than 60 days before a redemption
date, the Company will mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a
redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Articles 8 or 12 of this Indenture. 

The notice will identify the Notes (including CUSIP numbers) to be redeemed and will state: 

(1) the redemption date; 

(2) the redemption price; 

(3) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the
redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note; 

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

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

(6) that, unless the Company defaults in making such redemption payment, interest on Notes called for redemption ceases to
accrue on and after the redemption date; 
 (7) the paragraph of the Notes and/or Section of this Indenture pursuant to which
the Notes called for redemption are being redeemed; and 
 (8) that no representation is made as to the correctness or
accuracy of the CUSIP number, if any, listed in such notice or printed on the Notes. 

  
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 At the Company’s request, the Trustee will give the notice of redemption in the
Company’s name and at the Company’s expense; provided, however, that the Company has delivered to the Trustee, at least 45 days prior to the redemption date (unless a shorter notice shall be satisfactory to the Trustee), an
Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 3.04 Effect of Notice of Redemption. 

Once notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for redemption become irrevocably due and
payable on the redemption date at the redemption price. A notice of redemption may not be conditional. 
 Section 3.05 Deposit of Redemption or
Purchase Price. 
 One Business Day prior to the redemption or purchase price date, the Company will deposit with the Trustee or with
the Paying Agent money sufficient to pay the redemption or purchase price of, and accrued interest on, all Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with
the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest on, all Notes to be redeemed or purchased. 

If the Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to
accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall
be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Company
to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at
the rate provided in the Notes and in Section 4.01 hereof. 
 Section 3.06 Notes Redeemed or Purchased in Part. 

Upon surrender of a Definitive Note that is redeemed or purchased in part, the Company will issue and, upon receipt of an Authentication
Order, the Trustee will authenticate for the Holder at the expense of the Company a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered. For any Global Notes, the Trustee shall reflect the decrease in
the principal amount on the Schedule of Exchanges attached thereto. 
 Section 3.07 Optional Redemption. 

At any time, the Company may on any one or more occasions redeem all or a part of the Notes upon not less than 30 nor more than 60 days’
notice, at a price equal to the principal amount outstanding under the Notes (including any Additional Notes issued in respect of interest payments) plus accrued and unpaid interest on the Notes redeemed to the applicable redemption date (subject to
the rights of Holders of the Notes on the relevant record date to receive interest due on the relevant interest payment date). 

  
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 Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of
Section 3.01 through 3.06 hereof. 
 Section 3.08 Mandatory Redemption. 

Except as set forth under Sections 3.09, 4.10 and 4.15, the Company shall not be required to make mandatory redemption or sinking fund
payments with respect to the Notes. 
 Section 3.09 Offer to Purchase by Application of Excess Proceeds. 

In the event that, pursuant to Section 4.10 hereof, the Company is required to commence an offer to all Holders to purchase Notes (an
“Asset Sale Offer”), it will follow the procedures specified below. 
 The Asset Sale Offer shall be made to all
Holders and, at the option of the Company (unless otherwise required by the terms thereof), all holders of other Indebtedness that is pari passu with the Notes pursuant to Section 4.10. The Asset Sale Offer will remain open for a period
of at least 20 Business Days following its commencement and not more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than three Business Days after
the termination of the Offer Period (the “Purchase Date”), the Company will apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes and such other pari passu Indebtedness
(on a pro rata basis, if applicable) or, if less than the Offer Amount has been tendered, all Notes and other Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes so purchased will be made in the same manner as
redemption payments are made. 
 If the Purchase Date is on or after an interest record date and on or before the related interest payment
date, any accrued and unpaid interest will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale
Offer. 
 Upon the commencement of an Asset Sale Offer, the Company will send, by first class mail, a notice to the Trustee and each of the
Holders. The notice will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The notice, which will govern the terms of the Asset Sale Offer, will state: 

(1) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.10 hereof and the length of
time the Asset Sale Offer will remain open; 
 (2) the Offer Amount, the purchase price and the Purchase Date; 

(3) that any Note not tendered or accepted for payment will continue to accrue interest; 

  
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 (4) that, unless the Company defaults in making such payment, any Note accepted
for payment pursuant to the Asset Sale Offer will cease to accrue interest after the Purchase Date; 
 (5) that Holders
electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in integral multiples of $1.00 only; 

(6) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer will be required to surrender the Note,
with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer by book-entry transfer, to the Company, a Depositary, if appointed by the Company, or a Paying Agent at the address specified in
the notice at least three days before the Purchase Date; 
 (7) that Holders will be entitled to withdraw their election if
the Company, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the
Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 

(8) that, if the aggregate principal amount of Notes and other pari passu Indebtedness surrendered by Holders exceeds
the Offer Amount, the Company will select the Notes and other pari passu Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other pari passu Indebtedness surrendered (with such
adjustments as may be deemed appropriate by the Company so that only Notes in denominations of $1.00, or integral multiples thereof, will be purchased); and 

(9) that Holders whose Notes were purchased only in part will be issued new Notes equal in principal amount to the unpurchased
portion of the Notes surrendered (or transferred by book-entry transfer). 
 On or before the Purchase Date, the Company will, to the
extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer, or if less than the Offer Amount has been tendered, all Notes and other
pari passu Indebtedness tendered, and will deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this Section 3.09. The
Company, the Depositary or the Paying Agent, as the case may be, will promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by
such Holder and accepted by the Company for purchase, and the Company will promptly issue a new Note, and the Trustee, upon written request from the Company will authenticate and mail or deliver such new Note to such Holder, in a principal amount
equal to any unpurchased portion of the Definitive Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. The Company will publicly announce the results of the Asset Sale Offer on the
Purchase Date. 

  
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 Other than as specifically provided in this Section 3.09, any purchase pursuant to this
Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof. 
 ARTICLE 4. 

COVENANTS 
 Section 4.01 Payment of
Notes. 
 The Company will pay or cause to be paid the principal of, premium, if any, and interest on the Notes on the dates and in the
manner provided in the Notes. Principal, premium, if any, and interest will be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 10:00 a.m. Eastern Time on the due date money
deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 

The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal as provided
in Section 2.12 to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest at the same rate to the extent lawful. 

Section 4.02 Maintenance of Office or Agency. 

The Company will maintain, an office or agency (which may be an office of the Trustee or an affiliate of the Trustee, Registrar or
co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company will give prompt written notice to
the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 
 The Company 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 such designations; provided, however, that no such designation or
rescission will in any manner relieve the Company of its obligation to maintain an office or agency for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location
of any such other office or agency. 
 The Company hereby designates the Corporate Trust Office of the Trustee as one such office or
agency of the Company in accordance with Section 2.03 hereof. 
 Section 4.03 Financial Statements. 

So long as any Notes are outstanding, the Company will: 

(a) file with the Trustee, on or prior to the date that the Company is required to file the same with the SEC or, if the Company is not
subject to SEC reporting requirements under Section 13 or Section 15(d) of the Exchange Act, on or prior to the date that the Company would 

  
 54 

 
otherwise be required to file the same with the SEC if the Company was subject to such SEC reporting requirements under Section 13 or Section 15(d) of the Exchange Act, copies of the
annual reports and of the information, documents and other reports which the Company may be required to file with the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act (or copies of such portions thereof as may be prescribed
by the SEC by rules and regulations); or, if the Company is not required to file with the SEC information, documents or reports pursuant to either Section 13 or Section 15(d) of the Exchange Act, then the Company will file with the Trustee
and mail to the Holders of the Notes, as the names and addresses of such Holders appear upon the register of the Notes, (i) annual reports containing the information required by the Exchange Act to be contained in an Annual Report on Form 10-K,
(ii) quarterly reports containing the information required by the Exchange Act to be contained in a Quarterly Report on Form 10-Q and (iii) promptly after the occurrence of an event required to be therein reported, such other reports
containing information required by the Exchange Act to be contained in a Current Report on Form 8-K; 
 (b) file with the Trustee and the
SEC, in accordance with the rules and regulations prescribed from time to time by the SEC, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided for in the Indenture
as may be required by such rules and regulations, including, in the case of annual reports, if required by such rules and regulations, certificates or opinions of independent public accountants, as to compliance with conditions or covenants,
compliance with which is subject to verification by accountants; and 
 mail to the Holders of the Notes, as the names and addresses of such Holders appear
upon the register of the Notes, such additional summaries of any information, documents and reports required to be filed with the Trustee pursuant to the provisions of clauses (a) and (b) of this Section 4.03 as may be required to be
provided to such Holders by the rules and regulations of the SEC under the provisions of the TIA. 
 Delivery of such reports, information
and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder, as to which the Trustee is entitled to conclusively rely exclusively on Officers’ Certificates delivered to the Trustee pursuant to Section 4.04. 

Section 4.04 Compliance Certificate. 

(a) The Company and each Guarantor (to the extent that such Guarantor is so required under the TIA) shall deliver to the Trustee, within 90
days after the end of each fiscal year, an Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a
view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his or her knowledge the Company has
kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture

  
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(or, if a Default or Event of Default has occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to
take with respect thereto) and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or interest, if any, on the Notes is prohibited or if such event has
occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto. 
 (b) So long as any
of the Notes are outstanding, the Company will deliver to the Trustee, forthwith upon any Officer becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the
Company is taking or proposes to take with respect thereto. 
 Section 4.05 Taxes. 

The Company will pay, and will cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental
levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes. 

Section 4.06 Stay, Extension and Usury Laws. 

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

Section 4.07 Restricted Payments. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(1) declare or pay any dividend or make any other payment or distribution on account of the Company’s or any of its
Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries and including any payment of, or distribution or
payment made for the purposes of paying, any Indebtedness of Kellwood Holding Corp. or any other obligations in respect of such Indebtedness) or to the direct or indirect holders of the Company’s or any of its Restricted Subsidiaries’
Equity Interests in their capacity as such (other than dividends or distributions payable in Equity Interests (other than Disqualified Stock) of the Company); 

(2) purchase, redeem or otherwise acquire or retire for value (including, without limitation, in connection with any merger or
consolidation involving the 

  
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Company) any Equity Interests of the Company or any direct or indirect parent of the Company (other than any such Equity Interests owned by the Company or any Restricted Subsidiary of the
Company); (b) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value, any Indebtedness of the Company or any Guarantor owing to any Affiliate of the Company or such Guarantor (other than
the Company and any of its Restricted Subsidiaries) that is contractually subordinated or otherwise junior in priority to the Old Notes or the Notes or any Subsidiary Guarantee (including such related to the Old Notes); or (c) pay any
management, monitoring, transaction, advisory or similar fees to any Affiliate of the Company (other than the Company or any Restricted Subsidiary); 

(3) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value, (a) the
Company’s existing 7 5/8% senior notes due October 15, 2017 (the “Old 2017 Notes”) or (b) any Indebtedness (including Existing Indebtedness) of the Company or any Guarantor that is contractually subordinated or
otherwise junior in priority to the Old Notes or the Notes or any Subsidiary Guarantee (including such related to the Old Notes) (excluding any intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries), except
(i) a payment of interest or principal at the Stated Maturity thereof or (ii) a payment, purchase, redemption, defeasance, acquisition or retirement of any such Indebtedness in anticipation of satisfying a sinking fund obligation,
principal installment or final maturity, in each case due within one year of the date of payment, purchase, redemption, defeasance, acquisition or retirement; or 

(4) make any Restricted Investment. 

(b) (all such payments and other actions set forth in clauses (1) through (4) above being collectively referred to as
“Restricted Payments” and the payments and other actions set forth in clauses 4.07(a)(1) and (2) above being referred to herein as “Restricted Equity Payments”), unless, at the time
of and after giving effect to such Restricted Payment: 
 (1) no Default or Event of Default has occurred and is continuing
or would occur as a consequence of such Restricted Payment; 
 (2) the Company would, at the time of such Restricted Payment
and after giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.09(a) of this Indenture; and 
 (3)
such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries since the date of the Indenture (excluding Restricted Payments permitted by clauses (2), (3), (4), (6),
(8), (9), (10) and (13) of Section 4.07(c) below), is less than the sum, without duplication, of: 
 (A) 50%
of the Consolidated Net Income of the Company for the period (taken as one accounting period) from August 2, 2009, to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the
time of such Restricted Payment (or, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit), plus 

  
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 (B) 100% of (i) the aggregate net cash proceeds received by the Company
since the date of this Indenture as a contribution to its common equity capital or from the issue or sale of Equity Interests of the Company (other than Disqualified Stock) or from the issue or sale of Disqualified Stock or debt securities of the
Company which Disqualified Stock or debt securities have been converted into or exchanged for such Equity Interests (other than Equity Interests (or Disqualified Stock or debt securities) sold to a Subsidiary of the Company) and (ii) Qualified
Holdco Proceeds, plus 
 (C) to the extent that any Restricted Investment that was made after the date of this Indenture is
sold or otherwise liquidated or repaid, 100% of any cash received in connection therewith, plus 
 (D) to the extent that any
Unrestricted Subsidiary of the Company is redesignated as a Restricted Subsidiary or a merger or consolidation of any Unrestricted Subsidiary into the Company or any of its Restricted Subsidiaries occurs, in each case after the date of this
Indenture, the Fair Market Value of the Company’s Investment in such Subsidiary as of the date of such redesignation or such merger or consolidation, plus 

(E) any dividends received by the Company or a Restricted Subsidiary of the Company after the date of this Indenture from an
Unrestricted Subsidiary of the Company, to the extent that such dividends were not otherwise included in Consolidated Net Income of the Company for such period. 

Notwithstanding the foregoing, the Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, make
any Restricted Equity Payments, unless, at the time of and after giving effect to such Restricted Equity Payment: 
 (x) the aggregate outstanding principal
amount of the Obligations evidenced by the Notes after giving effect to such Restricted Equity Payment is less than 50% of the aggregate principal amount of the Notes outstanding as of the Issue Date, or the Company has, since the date of the
issuance of the Notes, offered to redeem at par (together with all accrued and unpaid interest on such Notes to the applicable redemption date) not less than 50% of the original aggregate principal amount of the Notes issued on the Issue Date; and

 (y) the Company would, at the time of such Restricted Equity Payment and after giving pro forma effect thereto as if such Restricted Equity Payment had
been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant to the Alternative Fixed Charge Coverage Ratio Test. 

  
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 (c) The provisions of Section 4.07(a) above will not prohibit: 

(1) the payment of any dividend within 60 days after the date of declaration of the dividend, if at the date of declaration the
dividend payment would have complied with the provisions of this Indenture; 
 (2) the making of any Restricted Payment in
exchange for, or out of the net cash proceeds of the sale within 30 days (other than to a Subsidiary of the Company) of, Equity Interests of the Company (other than Disqualified Stock) or from the contribution within 30 days of common equity capital
to the Company to the extent exchanged for Equity Interests of the Company; provided that the amount of any such net cash proceeds that are utilized for any such Restricted Payment will be excluded from Section 4.07(b)(3)(B) of this Indenture;

 (3) the defeasance, redemption, repurchase or other acquisition of Indebtedness of the Company or any Guarantor that is
contractually subordinated to the Notes or to any Subsidiary Guarantee with the net cash proceeds from an incurrence within 30 days of Permitted Refinancing Indebtedness; 

(4) the payment of any dividend or other distribution (or, in the case of any partnership or limited liability company, any
similar distribution) by a Restricted Subsidiary of the Company to the Holders of such Restricted Subsidiary’s Equity Interests on a pro rata basis; 

(5) the repurchase, redemption or other acquisition or retirement for value of any Equity Interests of the Company or any
direct or indirect parent of the Company held by any present, future or former officer, director, employee or consultant of the Company or any of its Restricted Subsidiaries pursuant to any equity subscription agreement, stock option agreement,
management equity agreement, shareholders’ agreement or similar agreement; provided that such repurchase, redemption or other acquisition or retirement occurs within 60 days after such person ceases to be such an officer, director, employee or
consultant; 
 (6) the repurchase of Equity Interests deemed to occur upon the exercise of stock options to the extent such
Equity Interests represent a portion of the exercise price of those stock options; 
 (7) so long as no Default or Event of
Default has occurred and is continuing or would be caused thereby, the declaration and payment of regularly scheduled or accrued dividends to (i) holders of any class or series of Disqualified Stock of the Company or any class or series of
Disqualified Stock or preferred stock of any Guarantor issued on or after the date of this Indenture pursuant to Section 4.09(a) of this Indenture and (ii) Holders of any class or series of preferred stock (other than Disqualified Stock)
of the Company issued after the date of the Indenture; provided that at the time of such issuance and after giving pro forma effect thereto, the Company would have been able to incur at least $1.00 of additional Indebtedness pursuant to
Section 4.09(a) of this Indenture; 

  
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 (8) any payments made by the Company in connection with the Refinancing
Transactions to the extent not Restricted Equity Payments; 
 (9) payments, advances, loans or expense reimbursements made to
any direct or indirect parent corporation of the Company to permit the payment by such entity of reasonable general operating expenses, accounting, legal, corporate reporting and administrative expenses incurred in the ordinary course of its
business in an amount not to exceed $1.0 million per annum (or $2.5 million per annum after the consummation of an Initial Public Offering by any direct or indirect parent of the Company); 

(10) payments on or with respect to, or purchases, redemptions, defeasements or other acquisitions or retirements for value of
the Old 2017 Notes for an amount not to exceed $25.0 million from the date of this Indenture; provided that, with respect to any Old 2017 Note, the aggregate consideration paid by the Company and its Affiliates in connection with any such purchase,
redemption, defeasement or other acquisition or retirement of such Old 2017 Note shall not exceed an amount equal to 20.0% of the aggregate principal amount of such Old 2017 Note as of the Issue Date; 

(11) (A) for so long as the Company is a member of a group filing a consolidated or combined tax return with a parent
corporation, payments to the parent in respect of an allocable portion of the tax liabilities of such group that is attributable to the Company and its Subsidiaries (“Tax Payments”); provided, that the Tax Payments shall not
exceed the lesser of (i) the amount of the relevant tax (including any penalties and interest) that the Company would owe if the Company were filing a separate tax return (or a separate consolidated or combined return with its Subsidiaries that
are members of the consolidated or combined group), taking into account any carryovers and carrybacks of tax attributes (such as net operating losses) of the Company and such Subsidiaries from other taxable years and (ii) the net amount of the
relevant tax that the parent actually owes to the appropriate taxing authority; provided, further, that any Tax Payments received from the Company shall be paid over to the appropriate taxing authority within 30 days of the parent’s receipt of
such Tax Payments or refunded to the Company or (B) for so long as the Company is organized as a limited liability company or partnership, the payment of Permitted Tax Distributions; 

(12) the repurchase, redemption or other acquisition or retirement for value of Indebtedness of the Company or any Guarantor
that is contractually subordinated or otherwise junior in priority to the Notes or any Subsidiary Guarantee with Excess Proceeds to the extent such Excess Proceeds are permitted to be used for general corporate purposes under Section 4.10 of
this Indenture; 
 (13) dividends, advances, loans or other distributions to Kellwood Holding Corp. to enable such entity to
make any payment of interest or principal on any Qualified Holdco Indebtedness; provided that any such dividend, advance, loan or other distribution is used promptly by such parent solely to make such payment; 

(14) the repurchase, redemption or other acquisition for value of Capital Stock of the Company or any direct or indirect parent
of the Company representing fractional 

  
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shares of such Capital Stock in connection with a merger, consolidation, amalgamation or other combination involving the Company or any direct or indirect parent of the Company; 

(15) payments by the Company to Sun Capital Partners Management V, LLC pursuant to the Management Services Agreement
(i) for an annual fee, as provided in Section 2(a) of the Management Services Agreement, not to exceed $2.2 million in any fiscal year, (ii) for reasonable out-of-pocket fees and expenses as provided in Section 2(b) of the
Management Services Agreement and (iii) for any transaction fees payable pursuant to Section 2(c) of the Management Services Agreement; provided that payment of such transaction fees will be paid 50% in cash and 50% accrued, with such
accrued amounts payable when the Company would, at the time of such accrued transaction fee payment, have satisfied the requirements to make a Restricted Equity Payment as set forth in clauses (x) and (y) of Section 4.07(b) above;
provided further that no such transaction fees will be paid in connection with any transaction involving an Affiliate of Sun Capital Partners, Inc.; 

(16) the repayment, repurchase, redemption, defeasement or other acquisition or retirement of Existing Indebtedness (other than
the Old 2017 Notes) in an amount not to exceed $12.5 million; 
 (17) any payments on or with respect to Indebtedness
incurred after the Issue Date (other than any Indebtedness of the Company or any Guarantor owing to any Affiliate of the Company or such Guarantor (other than the Company and any of its Restricted Subsidiaries) that is contractually subordinated or
otherwise junior in priority to the Old Notes, the Notes or any Subsidiary Guarantee (including such related to the Old Notes)); and 

(18) other Restricted Payments, to the extent not Restricted Equity Payments, in an amount not to exceed $10.0 million. 

The amount of all Restricted Payments (other than cash) will be the Fair Market Value on the date of the Restricted Payment of the asset(s) or
securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. The Fair Market Value of any assets or securities that are required to be valued by this
Section 4.07 will be determined by the Board of Directors whose resolution with respect thereto will be delivered to the Trustee. 
 Section 4.08
Dividend and Other Payment Restrictions Affecting Subsidiaries. 
 (a) The Company will not, and will not permit any of its
Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: 

(1) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries, or
with respect to any other interest or participation in, or measured by, its profits, or pay any indebtedness owed to the Company or any of its Restricted Subsidiaries; 

  
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 (2) make loans or advances to the Company or any of its Restricted Subsidiaries;
or 
 (3) transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. 

(b) The restrictions in Section 4.08(a) will not apply to encumbrances or restrictions existing under or by reason of: 

(1) agreements governing Existing Indebtedness and Credit Facilities as in effect on the date of this Indenture and any
amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of those agreements; provided that the amendments, modifications, restatements, renewals, increases, supplements, refundings,
replacements or refinancings are no more restrictive, taken as a whole, with respect to such dividend and other payment restrictions than those contained in such agreements governing Existing Indebtedness and Credit Facilities as in effect on the
date of this Indenture; 
 (2) this Indenture, the Notes and any Subsidiary Guarantees; 

(3) applicable law, rule, regulation or order; 

(4) any instrument governing Indebtedness or Capital Stock of a Person acquired by the Company or any of its Restricted
Subsidiaries as in effect at the time of such acquisition (except to the extent such Indebtedness or Capital Stock was incurred in connection with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any
Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; provided that, in the case of Indebtedness, such Indebtedness was permitted by the terms of this Indenture to be
incurred; 
 (5) customary non-assignment provisions in contracts and licenses
entered into in the ordinary course of business; 
 (6) purchase money obligations for property acquired in the ordinary
course of business and Capital Lease Obligations that impose restrictions on the property purchased or leased of the nature described in clause (3) of Section 4.08(a) of this Indenture; 

(7) any agreement for the sale or other disposition of a Restricted Subsidiary that restricts distributions by that Restricted
Subsidiary pending the sale or other disposition; 
 (8) Permitted Refinancing Indebtedness; provided that the restrictions
contained in the agreements governing such Permitted Refinancing Indebtedness are no more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced; 

  
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 (9) any Indebtedness secured by a Lien that was otherwise permitted to be
incurred under Sections 4.09 and 4.12 of this Indenture that limits the right of the debtor to dispose of the assets subject to such Liens; 

(10) provisions limiting the disposition or distribution of assets or property in joint venture agreements, asset sale
agreements, sale-leaseback agreements, stock sale agreements and other similar agreements entered into with the approval of the Company’s Board of Directors, which limitation is applicable only to the
assets that are the subject of such agreements; 
 (11) restrictions on cash or other deposits or net worth imposed by
customers under contracts entered into in the ordinary course of business; 
 (12) Indebtedness or other contractual
requirements or restrictions of a Receivables Subsidiary in connection with a Qualified Receivables Transaction, provided that such restrictions apply only to such Receivables Subsidiary; 

(13) Indebtedness of a Foreign Subsidiary incurred pursuant to clause (15) of Section 4.09(b) of this Indenture;
provided that such restrictions apply only to such Foreign Subsidiary; 
 (14) Indebtedness incurred pursuant to clause
(17) of Section 4.09(b) of this Indenture; provided, however, that the Board of Directors of the Company determines in good faith at the time such dividend or other payment restrictions are created that they do not materially adversely
affect the Company’s ability to fulfill its Obligations under the Notes; and 
 (15) any encumbrances or restrictions of
the type referred to in clauses (1), (2) and (3) of Section 4.08(a) 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 (14) above, provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the
Company’s Board of Directors, no more restrictive with respect to such dividend and other payment restrictions than those contained in the dividend or other payment restrictions prior to such amendment, modification, restatement, renewal,
increase, supplement, refunding, replacement or refinancing. 
 Section 4.09 Incurrence of Indebtedness and Issuance of Preferred Stock. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume,
guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness (including Acquired Debt), and the Company will not issue any Disqualified Stock
and will not permit any of its Restricted Subsidiaries to issue any shares of preferred stock; provided, however, that the Company may incur Indebtedness (including Acquired Debt) or issue Disqualified Stock, and the Guarantors may incur
Indebtedness (including Acquired Debt) or issue preferred stock, if the Fixed Charge Coverage Ratio for the Company’s most recently 

  
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ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is incurred or such Disqualified Stock
or preferred stock is issued would have been at least 2.0 to 1.0, determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been incurred or Disqualified Stock or the
preferred stock had been issued, as the case may be, at the beginning of such four-quarter period. 

(b) The provisions of Section 4.09(a) of this Indenture will not prohibit the incurrence of any of the following items of Indebtedness
(collectively, “Permitted Debt”): 
 (1) the incurrence by the Company and any of its Restricted
Subsidiaries of Indebtedness under Credit Facilities and/or the incurrence by a Receivables Subsidiary of Indebtedness pursuant to a Qualified Receivables Transaction; provided that the aggregate principal amount of all Indebtedness under Credit
Facilities and pursuant to Qualified Receivables Transactions at any one time outstanding (with letters of credit being deemed to have a principal amount equal to the maximum potential liability of the Company and its Restricted Subsidiaries
thereunder) shall not exceed the greater of (i) $225.0 million less the aggregate amount of all Net Proceeds of Asset Sales applied by the Company or any of its Restricted Subsidiaries since the date of the Indenture to repay any term
Indebtedness under a Credit Facility or to repay any revolving credit Indebtedness under a Credit Facility (and permanently reduce the commitments thereunder) and (ii) the amount of the Borrowing Base; 

(2) the incurrence by the Company and any of its Restricted Subsidiaries of additional Indebtedness, in each case, incurred for
the purpose of financing some or all of its acquisition of assets of another Person (whether through the direct acquisition of such assets or the acquisition of Capital Stock of any Person owning such assets), provided that (i) such
assets are used or useful in a Permitted Business and (ii) the Company’s Fixed Charge Coverage Ratio is greater after giving pro forma effect to such acquisition and any related financing transaction as if the same had occurred at the
beginning of the applicable four-quarter period than the Company’s actual Fixed Charge Coverage Ratio for the period; 

(3) the incurrence by the Company and its Restricted Subsidiaries of the Existing Indebtedness (other than Indebtedness
described in clause (1) above); 
 (4) the incurrence by the Company and any Guarantors of Indebtedness represented by
the Notes and any Subsidiary Guarantees to be issued from time to time and the incurrence by the Company and any Guarantors of Indebtedness represented by the Old Notes and Subsidiary Guarantees issued from time to time under the Old Notes Indenture
governing the Old Notes; 
 (5) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
(including Capital Lease Obligations, mortgage financings or purchase money obligations), in each case, incurred for the purpose of financing all or any part of the purchase price or cost of design, construction, installation or improvement or lease
of property (real or personal), plant or equipment (whether through the direct acquisition of 

  
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such assets or the acquisition of Capital Stock of any Person owning such assets) within 180 days thereafter used in the business of the Company or any of its Restricted Subsidiaries, in an
aggregate principal amount at any time outstanding, including all Permitted Refinancing Indebtedness incurred to refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to this clause (5), not to exceed the greater of
(i) $10.0 million and (ii) 2.0% of Total Assets; 
 (6) the incurrence by the Company or any of its Restricted
Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which are used to refund, refinance, replace, defease or discharge Indebtedness (other than intercompany Indebtedness) that was permitted by the Indenture to
be incurred under clause (a) of this Section 4.09 or clauses (2), (3), (4), (5), (15) or (17) of this Section 4.09(b); 

(7) the incurrence by the Company or any of its Restricted Subsidiaries that are Guarantors of intercompany Indebtedness
between or among the Company and any of its Restricted Subsidiaries that are Guarantors; 
 (8) the issuance by any of the
Company’s Restricted Subsidiaries to the Company or to any of its Restricted Subsidiaries of shares of preferred stock; provided, however, that: 

(A) any subsequent issuance or transfer of Equity Interests that results in any such preferred stock being held by a Person
other than the Company or a Restricted Subsidiary of the Company; and 
 (B) any sale or other transfer of any such preferred
stock to a Person that is not either the Company or a Restricted Subsidiary of the Company; 
 will be deemed, in each case, to constitute an
issuance of such preferred stock by such Restricted Subsidiary that was not permitted by this clause (8); 
 (9) the
incurrence by the Company or any of its Restricted Subsidiaries of Hedging Obligations in the ordinary course of business; 

(10) the guarantee by (i) the Company or any of the Guarantors of any Indebtedness of the Company or a Guarantor and
(ii) any Restricted Subsidiary of the Company that is not a Guarantor of any Indebtedness of the Company or any Restricted Subsidiary of the Company, in each case that was permitted to be incurred by another provision of this Section 4.09;
provided that if the Indebtedness being guaranteed is subordinated to or pari passu with the Notes, then the guarantee shall be subordinated to the same extent as the Indebtedness guaranteed; 

(11) Indebtedness incurred by the Company or any of its Restricted Subsidiaries constituting reimbursement obligations with
respect to letters of credit issued in the ordinary course of business including, without limitation, in respect of workers’ compensation claims or self insurance, other Indebtedness with respect to reimbursement type obligations regarding
workers’ compensation claims and obligations in respect of performance and surety bonds provided by the Company or any Restricted Subsidiary of the Company in the ordinary course of business; 

  
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 (12) the incurrence by the Company or any of its Restricted Subsidiaries of
Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds, so long as such Indebtedness is covered within five Business Days; 

(13) the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of
business; 
 (14) Indebtedness arising from agreements of the Company or a Restricted Subsidiary of the Company providing for
indemnification, adjustment of purchase price or similar obligations, in each case, incurred in connection with the acquisition or disposition of any business, assets or a Restricted Subsidiary of the Company in accordance with the terms of this
Indenture, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or Restricted Subsidiary for the purpose of financing such acquisition; provided that, with respect to any such
disposition, the maximum aggregate liability in respect of all such Indebtedness shall at no time exceed the gross proceeds actually received by the Company and its Restricted Subsidiaries in connection with such disposition; 

(15) the incurrence of Indebtedness and/or the issuance of preferred stock by Foreign Subsidiaries; provided that the aggregate
principal amount of Indebtedness incurred pursuant to this clause (15), including all Permitted Refinancing Indebtedness incurred to refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to this clause (15), and the
aggregate liquidation value of all preferred stock issued pursuant to this clause (15), does not exceed $10.0 million at any one time outstanding; 

(16) Indebtedness arising from transactions permitted pursuant to clause (10) of the second paragraph of the definition of
Asset Sale; and 
 (17) the incurrence by the Company or any of its Restricted Subsidiaries of additional Indebtedness in an
aggregate principal amount (or accreted value, as applicable) at any time outstanding, including all Permitted Refinancing Indebtedness incurred to refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to this clause
(17), not to exceed $25.0 million. 
 The Company will not incur, and will not permit any Guarantor to incur, any Indebtedness (including
Permitted Debt) that is contractually subordinated in right of payment to any other Indebtedness of the Company or such Guarantor unless such Indebtedness is also contractually subordinated in right of payment to the Notes and the applicable
Subsidiary Guarantee on substantially identical terms; provided, however, that no Indebtedness will be deemed to be contractually subordinated in right of payment to any other Indebtedness of the Company solely by virtue of being unsecured or
by virtue of being secured on a first or junior Lien basis. 

  
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 For purposes of this Section 4.09, any Permitted Debt and any Qualified Holdco Indebtedness
incurred in reliance upon the Company’s ability to incur Permitted Debt will be treated as incurred by the Company for purposes of determining whether additional Permitted Debt can be incurred for so long as such Qualified Holdco Indebtedness
remains outstanding. For purposes of determining compliance with this Section 4.09, in the event that an item of proposed Indebtedness meets the criteria of more than one of the categories of Permitted Debt described in clauses (1) through
(17) above, or is entitled to be incurred pursuant to clause (a) of this Section 4.09, the Company will be permitted to classify such item of Indebtedness on the date of its incurrence, or later reclassify all or a portion of such
item of Indebtedness, in any manner that complies with this Section 4.09. Indebtedness under the Credit Agreement outstanding on the date on which Notes are first issued and authenticated under the Indenture will initially be deemed to have
been incurred on such date in reliance on the exception provided by clause (1) of the definition of Permitted Debt. The accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness
in the form of additional Indebtedness with the same terms, and the payment of dividends on Disqualified Stock in the form of additional shares of the same class of Disqualified Stock will not be deemed to be an incurrence of Indebtedness or an
issuance of Disqualified Stock for purposes of this Section 4.09; provided, in each such case, that the amount of such Disqualified Stock is included in Fixed Charges of the Company as accrued. 

Notwithstanding any other provision of this covenant, (i) the maximum amount of Indebtedness that the Company or any Restricted
Subsidiary may incur pursuant to this Section 4.09 shall not be deemed to be exceeded solely as a result of fluctuations in exchange rates or currency values, and (ii) the maximum amount of Indebtedness that the Company or any Restricted
Subsidiary may incur pursuant to the Last Out Term Loan Agreement shall not exceed the Last Out Facility Cap Amount. The principal amount of any Indebtedness supported by a letter of credit issued under a Credit Facility in accordance with clause
(1) above of this Section 4.09(b) shall not be deemed a separate incurrence of Indebtedness for purposes of this Section 4.09, but only to the extent of the stated amount of such letter of credit. 

The amount of any Indebtedness outstanding as of any date will be: 
  

	 	(1)	the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue discount; 

  

	 	(2)	the principal amount of the Indebtedness, in the case of any other Indebtedness; and 

  

	 	(3)	in respect of Indebtedness of another Person secured by a Lien on the assets of the specified Person, the lesser of: 

(a) the Fair Market Value of such asset at the date of determination, and 

(b) the amount of the Indebtedness of the other Person. 

  
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 Section 4.10 Asset Sales. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless: 

(1) the Company, or the Restricted Subsidiary, as the case may be, receives consideration at the time of the Asset Sale at
least equal to the Fair Market Value of the assets or Equity Interests issued or sold or otherwise disposed of; 
 (2) in the
event of an Asset Sale involving assets or Equity Interests having a Fair Market Value in excess of $5.0 million, such Fair Market Value is determined by the Company’s chief financial officer and set forth in an Officers’ Certificate
delivered to the Trustee at or promptly following the completion of such Asset Sale; 
 (3) in the event of an Asset Sale
involving assets or Equity Interests having a Fair Market Value in excess of $10.0 million, the Company shall have received an opinion as to the fairness to the Company or relevant Subsidiary of such Asset Sale from a financial point of view issued
by an accounting, appraisal or investment banking firm of national standing; and 
 (4) at least 75% of the consideration
received in the Asset Sale by the Company or such Restricted Subsidiary is in the form of cash. For purposes of this provision, each of the following will be deemed to be cash: 

(A) any liabilities, as shown on the Company’s most recent consolidated balance sheet, of the Company or any Restricted
Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Subsidiary Guarantee) that are assumed by the transferee of any such assets pursuant to a customary novation agreement that
releases the Company or such Restricted Subsidiary from further liability; 
 (B) any securities, notes or other obligations
received by the Company or such Restricted Subsidiary from such transferee that are converted by the Company or such Restricted Subsidiary into cash within 180 days following the consummation of such Asset Sale, to the extent of the cash received in
that conversion; and 
 (C) Designated Noncash Consideration. 

(b) Within 365 days after the receipt of any Net Proceeds from an Asset Sale, the Company, or the applicable Restricted Subsidiary, as the
case may be, may apply those Net Proceeds at its option: 
 (1) to repay Indebtedness and other Obligations under Credit
Facilities to the extent contractually senior or otherwise subject to security interests of a senior priority to the Notes; 

(2) to repay or repurchase Old 2017 Notes existing on the date of this Indenture to the extent permitted under clause
(10) of Section 4.07(c); 

  
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 (3) to acquire all or substantially all of the assets of, or any Capital Stock
of, another Permitted Business, if, after giving effect to any such acquisition of Capital Stock, the Permitted Business is or becomes a Restricted Subsidiary of the Company; 

(4) to make capital expenditures; 

(5) to acquire other assets that are used or useful in a Permitted Business; and/or 

(6) any combination of the preceding. 

Pending the final application of any Net Proceeds, the Company may temporarily reduce revolving credit borrowings under any Credit Facilities
that are contractually senior or otherwise subject to security interests of a senior priority to the Notes, or otherwise invest the Net Proceeds in any manner that is not prohibited by this Indenture. 

(c) Any Net Proceeds from Asset Sales that are not applied or invested as provided in Section 4.10(b) of this Indenture will constitute
“Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $10.0 million, the Company will notify the Trustee and make an Asset Sale Offer to all Holders of Notes and, at the option of the Company unless otherwise required by
the terms of the Asset Sale Offer, all holders of other Indebtedness that is pari passu with the Notes to purchase the maximum principal amount of Notes and such other Indebtedness that is pari passu with the Notes, if applicable, that
may be purchased out of the Excess Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of principal amount plus accrued and unpaid interest to the date of purchase, and will be payable in cash. If any Excess Proceeds remain after
consummation of an Asset Sale Offer, the Company may use those Excess Proceeds for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of Notes and other Indebtedness that is pari passu with the Notes
that is Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, and the Notes are Global Notes held by DTC, DTC will select the notes in accordance with its operation arrangements. If the Notes are not Global Notes
held by DTC, the Trustee will select the notes to be purchased on a pro rata basis. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 

The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations
conflict with Section 3.09 or Section 4.10 of this Indenture, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under those provisions of this Indenture by
virtue of such conflict. 

  
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 Section 4.11 Transactions with Affiliates. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries 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 Company (each, an “Affiliate Transaction”), unless: 
 (1) the Affiliate Transaction
is on terms that are no less favorable to the Company or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person; and 

(2) the Company delivers to the Trustee: 

(A) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in
excess of $10.0 million, a resolution of the Board of Directors authorizing such Affiliate Transaction and an Officers’ Certificate certifying that such Affiliate Transaction complies with this Section 4.11 and that such Affiliate
Transaction has been approved by a majority of the disinterested members of the Board of Directors; and 
 (B) with respect
to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $15.0 million, an opinion as to the fairness to the Company or such Subsidiary of such Affiliate Transaction from a financial
point of view issued by an accounting, appraisal or investment banking firm of national standing. 
 (b) The following items will not be
deemed to be Affiliate Transactions and, therefore, will not be subject to the provisions of Section 4.11(a): 
 (1) any
employment or other compensation arrangement or agreement, employee benefit plan, officer and director indemnification agreement or any similar arrangement entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of
business; 
 (2) transactions between or among the Company and any of its Restricted Subsidiaries and transactions between
the Company or any of its Restricted Subsidiaries and a Receivables Subsidiary and a Receivables Subsidiary and any Person in which the Receivables Subsidiary has an Investment; 

(3) transactions with a Person (other than an Unrestricted Subsidiary of the Company) that is an Affiliate of the Company
solely because the Company owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person; 

(4) payment of reasonable directors’ fees to Persons who are not otherwise Affiliates of the Company or otherwise
affiliated with Sun Capital Partners, Inc. or its Affiliates and the payment of customary indemnification to directors and officers of the Company or any direct or indirect parent of the Company; 

(5) any issuance or sale of Equity Interests (other than Disqualified Stock) of the Company to Affiliates of the Company; 

  
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 (6) Restricted Payments that do not violate Section 4.07 of this Indenture;

 (7) loans or advances to employees or consultants in the ordinary course of business; 

(8) the Refinancing Transactions and the payment of all fees and expenses related to the Refinancing Transactions; 

(9) transactions effected pursuant to the Management Services Agreement; 

(10) transactions effected pursuant to that certain Shared Serviced Agreement, dated as of November 25, 2008, by and
between the Company and Gerber Childrenswear, LLC; 
 (11) transactions effected pursuant to that certain Shared Serviced
Agreement, dated as of November 25, 2008, by and between the Company and Hanna Andersson, LLC; 
 (12) transactions
effected pursuant to the Last Out Term Loan Agreement; and 
 (13) 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 that are on terms no less favorable than those that would have been obtained in a comparable
transaction with an unrelated party or that have been approved by a majority of the disinterested members of the Board of Directors. 
 Section 4.12
Liens. 
 The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur or permit to exist
any Lien of any nature whatsoever on any of its properties (including Capital Stock of a Restricted Subsidiary), whether owned at the Issue Date or thereafter acquired, securing any Indebtedness (including Existing Indebtedness), other than: 

(a) in the case of any property that does not constitute Collateral (including any property previously constituting Collateral that has been
released from the Liens securing the Notes and the Guarantees), Permitted Liens; provided, however, that any Lien on such property shall be permitted notwithstanding that it is not a Permitted Lien if all Obligations under this
Indenture, the Notes and the Subsidiary Guarantees are secured on an equal and ratable basis with (or, in the case of any such Indebtedness that is a subordinated Obligation to the Notes, on a prior basis to) the Obligations so secured until such
time as such Obligations are no longer secured by a Lien on such property; and 
 (b) in the case of any property that constitutes
Collateral, Permitted Liens. 

  
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 Section 4.13 Business Activities. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses,
except to such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. 
 Section 4.14 Corporate
Existence. 
 Subject to Article 5 hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full
force and effect: 
 (a) its corporate existence, and the corporate, partnership or other existence of each of its Subsidiaries, in
accordance with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Subsidiary; and 

(b) the rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries; provided, however, that the
Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if the Board of Directors shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Notes. 

Section 4.15 Offer to Repurchase Upon Change of Control. 

(a) If a Change of Control occurs, each Holder of Notes will have the right to require the Company to repurchase all or any part (with a
minimum principal amount of $1,000 or an integral multiple of $1.00 in excess thereof) of that Holder’s Notes (a “Change of Control Offer”) at a purchase price in cash equal to 100% of the aggregate principal amount of
Notes repurchased plus accrued and unpaid interest on the Notes repurchased, to the date of purchase, subject to the rights of Noteholders on the relevant record date to receive interest due on the relevant interest payment date (the
“Change of Control Payment”). Within 30 days following any Change of Control, the Company will mail a notice to the Trustee and each Holder describing the transaction or transactions that constitute the Change of
Control and offering to repurchase Notes on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”).
Such notice, which will govern the terms of the Change of Control Offer, will state: 
 (1) that the Change of Control Offer
is being made pursuant to this Section 4.15 and that all Notes tendered will be accepted for payment; 
 (2) that any
Note not tendered will continue to accrue interest; 
 (3) that, unless the Company defaults in the payment of the Change of
Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest after the Change of Control Payment Date; 

(4) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the
Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day preceding the
Change of Control Payment Date; 

  
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 (5) that Holders will be entitled to withdraw their election if the Paying Agent
receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter (or by applicable Depositary procedures for Global Notes) setting forth the
name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the Notes purchased; and 

(6) that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal amount to the
unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $1,000 in principal amount or an integral multiple of $1.00 in excess thereof. 

The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to
the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change in Control. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this
Section 4.15, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 4.15 by virtue of such compliance. 

(b) On the Change of Control Payment Date, the Company will, to the extent lawful: 

(1) accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control Offer; 

(2) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes
properly tendered; and 
 (3) deliver or cause to be delivered to the Trustee the Notes so accepted together with an
Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 The
Paying Agent will promptly mail to each Holder of Notes properly tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in
principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note will be in a minimum principal amount of $1,000 or an integral multiple of $1.00 in excess thereof. 

(c) The Company will not be required to make a Change of Control Offer upon a Change of Control (1) 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 Section 4.15 made by the Company and purchases all notes properly tendered and not withdrawn under the Change of Control Offer, or
(2) notice of redemption has been given pursuant to this Indenture as described above under Section 3.07, unless and until there is a default in payment of the applicable redemption price. 

  
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 Section 4.16 Designation of Restricted and Unrestricted Subsidiaries. 

The Board of Directors may designate any Restricted Subsidiary to be an Unrestricted Subsidiary if that designation would not cause a Default
or an Event of Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate Fair Market Value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary designated as an
Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation and will reduce the amount available for Restricted Payments under Section 4.07(a) of this Indenture or under one or more clauses of the
definition of Permitted Investments, as determined by the Company. That designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise meets the definition of an Unrestricted
Subsidiary. 
 Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced to the Trustee by filing with
the Trustee a certified copy of the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the conditions set forth in the definition of “Unrestricted Subsidiary”
and was permitted by the covenant described under Section 4.07 of this Indenture. If, at any time, any Unrestricted Subsidiary would fail to meet such requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted
Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness is not permitted to be incurred as of such date under
Section 4.09 of this Indenture the Company will be in default of such covenant. The Board of Directors of the Company may at any time designate or redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such
designation or redesignation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary and such designation or redesignation will only be permitted if
(1) such Indebtedness is permitted under Section 4.09 of this Indenture calculated on a pro forma basis as if such designation or redesignation had occurred at the beginning of the four-quarter
reference period; and (2) no Default or Event of Default would be in existence following such designation or redesignation. 
 Section 4.17
Payments for Consent. 
 The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay
or cause to be paid any consideration to or for the benefit of any Holder of Notes 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 of the Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement. 

Section 4.18 Additional Subsidiary Guarantees. 

If the Company or any of its Restricted Subsidiaries acquires or creates a Domestic Subsidiary after the date of this Indenture that at any
time is or becomes a Material Subsidiary (other than a Receivables Subsidiary), then the Company will promptly notify the Trustee and that newly acquired or created Domestic Subsidiary will become a Guarantor and (i) execute a

  
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supplemental indenture substantially in the form of Exhibit E hereto and execute an amendment, supplement, joinder or other instrument in respect of the Security Documents satisfactory to the
Trustee and the Collateral Agent and deliver the same to the Trustee under the Security Documents, and in connection therewith shall cause such instruments to be filed and recorded in such jurisdictions and take such other actions as may be required
under the Security Documents and by applicable law to vest in the Collateral Agent (or any representative designated by it) valid and perfected Liens on the property and assets of such Domestic Subsidiary constituting Collateral (or continue the
perfection thereof) as contemplated by the Security Documents, and (ii) deliver an Opinion of Counsel satisfactory to the Trustee within ten Business Days of the first date after which it was acquired or created and constitutes a Material
Subsidiary. The form of such Subsidiary Guarantee is attached as Exhibit D hereto. 
 ARTICLE 5. 

SUCCESSORS 
 Section 5.01 Merger,
Consolidation, or Sale of Assets. 
 (a) The Company may not, directly or indirectly: (1) consolidate or merge with or into another
Person (whether or not the Company is the surviving corporation); or (2) sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries taken as
a whole, in one or more related transactions, to another Person; unless: 
 (1) either: (a) the Company is the surviving
corporation; or (b) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition has been made is a corporation, partnership
or limited liability company organized or existing under the laws of the U.S., any state of the U.S. or the District of Columbia; provided that if the Person is a partnership or limited liability company, a corporation wholly owned by such Person
organized or existing under the laws of the U.S., any state of the U.S. or the District of Columbia that does not and will not have any material assets or operations becomes a co-issuer of the Notes pursuant
to a supplemental indenture substantially in the form of Exhibit E hereto; 
 (2) the Person formed by or surviving any such
consolidation or merger (if other than the Company) or the Person to which such sale, assignment, transfer, lease, conveyance or other disposition has been made assumes all the obligations of the Company under the Notes and this Indenture pursuant
to a supplemental indenture reasonably satisfactory to the Trustee; 
 (3) immediately after such transaction, no Default or
Event of Default exists; 
 (4) either: (a) the Company or the Person formed by or surviving any such consolidation or
merger (if other than the Company), or to which such sale, assignment, transfer, lease, conveyance or other disposition has been made, will, on the date of such transaction after giving pro forma effect thereto and any related financing transactions
as if the same had occurred at the beginning of the applicable four-quarter period, be 

  
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permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.09(a) of this Indenture; or (b) the Company’s
Fixed Charge Coverage Ratio is greater after giving pro forma effect to such consolidation or merger and any related financing transactions as if the same had occurred at the beginning of the applicable
four-quarter period than the Company’s actual Fixed Charge Coverage Ratio for the period; and 

(5) an Officers’ Certificate and an Opinion of Counsel (from counsel who shall not be an employee of the Company) have
been delivered to the Trustee to the effect that the conditions set forth in the preceding clauses (1) through (4) have been satisfied. 

In addition, the Company may not, directly or indirectly, lease all or substantially all of its properties or assets, in one or more related
transactions, to any other Person. 
 (b) This Section 5.01 will not apply to: 

(1) a merger of the Company with an Affiliate solely for the purpose of reincorporating the Company in another jurisdiction;

 (2) any sale, transfer, assignment, conveyance, lease or other disposition of assets between or among the Company and any
of its Wholly Owned Restricted Subsidiaries; and 
 (3) any consolidation or merger between or among (i) the Company and
any of the Guarantors, (ii) any Subsidiary into the Company or any of the Guarantors or (iii) Subsidiaries who are not Guarantors. 

Section 5.02 Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the
assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale,
assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this
Indenture referring to the “Company” shall refer instead to the successor corporation and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect as if such successor Person had
been named as the Company herein; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of and interest on the Notes except in the case of a sale of all of the Company’s assets in
a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof. 

  
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 ARTICLE 6. 

DEFAULTS AND REMEDIES 
 Section 6.01
Events of Default. 
 Each of the following is an “Event of Default”: 

(1) default for 30 days in the payment when due of Cash Interest or PIK Interest on the Notes; 

(2) default in payment when due of the principal (including payment of principal on the Notes consisting of PIK Interest that
was added to the principal of the Notes in accordance with Section 2.02 and payment of principal on any Additional Notes issued as payment of PIK Interest) of, or premium, if any, on the Notes; 

(3) default in the performance, or breach, of any covenant of the Company or any of its Restricted Subsidiaries or any
Guarantor in this Indenture or any of the Security Documents (other than a covenant default the performance or breach of which is specifically dealt with elsewhere in this Section 6.01) and the continuation of such default or breach for a
period of 60 days after there has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes a written notice specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; 
 (4) default under
any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by
the Company or any of its Restricted Subsidiaries) whether such Indebtedness or guarantee now exists, or is created afer the date of this Indenture, if that default: 

(A) is caused by a failure to pay at final stated maturity (giving effect to any extension thereof) the principal amount of any
Indebtedness prior to the expiration of the grace period provided in such Indebtedness (a “Payment Default”); or 

(B) results in the acceleration of such Indebtedness prior to its express maturity, 

and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness or the
maturity of which has been so accelerated, aggregates $25.0 million or more; 
 (5) failure by the Company or any of its
Restricted Subsidiaries to pay final judgments aggregating in excess of $25.0 million, which judgments are not paid, discharged or stayed for a period of 60 days after such judgments become final and
non-appealable; 
 (6) except as permitted by this Indenture, any Subsidiary
Guarantee (other than a Subsidiary Guarantee issued by a Guarantor that is not a Significant Subsidiary) shall be held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any
Guarantor, or any Person acting on behalf of 

  
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any Guarantor, shall deny or disaffirm its obligations under its Subsidiary Guarantee (other than a Subsidiary Guarantee issued by a Guarantor that is not a Significant Subsidiary); 

(7) the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries
that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 
 (A)
commences a voluntary case, 
 (B) consents to the entry of an order for relief against it in an involuntary case, 

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

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

(E) generally is not paying its debts as they become due; 

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

(A) is for relief against the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of
Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary in an involuntary case; 
 (B)
appoints a custodian of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the
property of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; or 

(C) orders the liquidation of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group
of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; and 
 (D) and the order or
decree remains unstayed and in effect for 60 consecutive days. 
 Section 6.02 Acceleration. 

In the case of an Event of Default specified in clause (7) or (8) of Section 6.01 hereof, with respect to the Company or any
Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, all outstanding Notes will become due and payable immediately without further action or
notice. 

  
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If any other Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and
payable immediately. 
 The Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the
Trustee may on behalf of all of the Holders rescind an acceleration and its consequences or waive any existing Default or Event of Default and its consequences, except as set forth under provisions (a)(1) and (a)(2) of Section 6.01. 

Section 6.03 Other Remedies. 
 If an
Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal, premium and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture and exercise
any rights and remedies under the Security Documents. 
 The Trustee may maintain a proceeding even if it does not possess any of the Notes
or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or
acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 
 Section 6.04 Waiver of Past Defaults. 

Holders of not less than a majority in aggregate principal amount of the then outstanding Notes by notice to the Trustee may on behalf of the
Holders of all of the Notes waive an existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default in the payment of the principal of, premium or interest on, the Notes (including in connection
with an offer to purchase); provided, however, that the Holders of a majority in aggregate principal amount of the then outstanding Notes may rescind an acceleration and its consequences, including any related payment default that resulted
from such acceleration. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or
other Default or impair any right consequent thereon. 
 Section 6.05 Control by Majority. 

Except as otherwise set forth herein, Holders of a majority in principal amount of the then outstanding Notes may direct the time, method and
place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the
Trustee determines may be unduly prejudicial to the rights of other Holders of Notes or that may involve the Trustee in personal liability. 

  
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 Section 6.06 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 may pursue any remedy
with respect to this Indenture or the Notes unless: 
 (1) the Holder of a Note gives to the Trustee notice that an Event of
Default is continuing; 
 (2) the Holders of at least 25% in aggregate principal amount of the then outstanding Notes have
requested the Trustee to pursue the remedy; 
 (3) such Holder of a Note or Holders of Notes offer and, if requested, provide
to the Trustee security and indemnity satisfactory to the Trustee against any loss, liability or expense; 
 (4) the Trustee
does not comply with the request within 30 days after receipt of the request and the offer and, if requested, the provision of indemnity; and 

(5) during such 30-day period the Holders of a majority in aggregate principal amount of the then outstanding Notes do not give
the Trustee a direction inconsistent with the request. 
 A Holder of a Note may not use this Indenture to prejudice the rights of another
Holder of a Note or to obtain a preference or priority over another Holder of a Note. The Trustee has no duty to determine whether any such requested remedy would prejudice the rights of another Holder of a Note or would create a preference or
priority over another Holder of a Note. 
 Section 6.07 Rights of Holders of Notes to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal, premium and interest
on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or
affected without the consent of such Holder. 
 Section 6.08 Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee is authorized to recover judgment
in its own name and as trustee of an express trust against the Company for the whole amount of principal of, premium and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, interest and such further
amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

Section 6.09 Trustee May File Proofs of Claim. 

The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the
claims of the Trustee (including any claim for 

  
 80 

 
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Company
(or any other obligor upon the Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by
a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or
arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes
or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.10
Priorities. 
 After an Event of Default any money or other property distributable in respect of the Company’s or the
Guarantors’ obligations under this Indenture, the Trustee shall pay out the money in the following order: 
 First: to the
Trustee (including any predecessor Trustee) and the Collateral Agent, their agents and attorneys for amounts due under Section 7.07 hereof, including payment of all compensation, expense and liabilities incurred, and all advances made, by the
Trustee and the Collateral Agent (including any predecessor Trustee or Collateral Agent) and the costs and expenses of collection; 

Second: to Holders of Notes for amounts due and unpaid on the Notes for principal, premium and interest, ratably, without preference or
priority of any kind, according to the amounts due and payable on the Notes for principal, premium and interest, respectively, and for all other amounts owed to the Holders under this Indenture, the Notes and any other document executed in
connection therewith; and 
 Third: to the Company or to such party as a court of competent jurisdiction shall direct in writing. 

The Trustee may fix a record date and payment date for any payment to Holders of Notes pursuant to this Section 6.10. 

Section 6.11 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may 

  
 81 

 
require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees 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 6.11 does not apply to a suit by the Trustee, a suit by
a Holder of a Note pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes. 

ARTICLE 7. 
 TRUSTEE

 Section 7.01 Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

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

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of certificates or opinions specifically required by any provision
hereof to be furnished to it, the Trustee will examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 

(c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: 
 (1) this paragraph does not limit the effect of paragraph (b) of this Section 7.01;

 (2) the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is
proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee will not be liable with
respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b), and (c) of this Section 7.01. 

  
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 (e) No provision of this Indenture will require the Trustee to expend or risk its own funds or
incur any liability. The Trustee will be under no obligation to exercise any of its rights and powers under this Indenture at the request or direction of any Holders, unless such Holder has offered to the Trustee security and indemnity satisfactory
to it against any loss, liability or expense. 
 (f) The Trustee will not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company (whether in original or facsimile form). Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) The permissive right of the Trustee to do things enumerated in the Indenture shall not be construed as a duty of the Trustee, and the
Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and reasonably believed by it to be within the discretion or power conferred upon it by the Indenture other than for its own negligence or willful
misconduct. 
 Section 7.02 Rights of Trustee. 

(a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper
Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting,
it may require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. The Trustee
may consult with counsel and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon. 
 (c) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence of any
agent appointed with due care. 
 (d) The Trustee will not be liable for any action it takes or omits to take in good faith that it
reasonably believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless otherwise
specifically provided in this Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Officer of the Company. 

(f) The Trustee will be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders unless such Holders have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction. 

(g) In no event shall the Trustee be responsible or liable for special, 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. 

  
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 (h) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Notes and
this Indenture. 
 (i) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(j) The Trustee may request that the Company deliver an incumbency certificate (“Incumbency Certificate”) substantially in the form
set forth on Exhibit F setting forth the names of individuals and/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
Incumbency Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded. 

Section 7.03 Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company, any
Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for
permission to continue as Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 

Section 7.04 Trustee’s Disclaimer. 

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall
not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it will not be responsible for the use or application of any
money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture
other than its certificate of authentication. 
 Section 7.05 Notice of Defaults. 

If a Default or Event of Default occurs and is continuing and if it is known to a Responsible Officer of the Trustee, the Trustee will mail to
Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to
the payment of principal of, premium and interest on, any Note) so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of Notes. 

  
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 Section 7.06 Reports by Trustee to Holders of the Notes. 

(a) Within 60 days after each May 15 beginning with the May 15 following the date of this Indenture, and for so long as Notes remain
outstanding, the Trustee will mail to the Holders of the Notes a brief report dated as of such reporting date that complies with TIA § 313(a) (but if no event described in TIA § 313(a) has occurred within the twelve months
preceding the reporting date, no report need be transmitted). The Trustee also will comply with the provisions of TIA § 313(b)(2). The Trustee will also transmit by mail all reports as required by TIA § 313(c). 

(b) A copy of each report at the time of its mailing to the Holders of Notes will be mailed by the Trustee to the Company and filed by the
Trustee with the SEC and each stock exchange on which the Notes are listed in accordance with TIA § 313(d). The Company will promptly notify the Trustee when the Notes are listed on any stock exchange or delisted therefrom. 

Section 7.07 Compensation and Indemnity. 

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

 (b) The Company and the Guarantors, if any, jointly and severally will indemnify the Trustee against any and all losses, liabilities,
claims, damages or expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company and the Guarantors
(including this Section 7.07) and defending itself against any claim (whether asserted by the Company, the Guarantors or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties
hereunder, except to the extent any such loss, liability or expense is determined by a court of competent jurisdiction to have been caused by its own negligence or willful misconduct. The Company and the Guarantors, if any, jointly and severally
will defend, indemnify, and hold harmless the Trustee from and against any claims, demands, penalties, fines, liabilities, settlements, damages, costs, or expenses of whatever kind or nature, known or unknown, contingent or otherwise, arising out of
or in connection with the acceptance or administration of its duties under this Indenture that are in any way related to, (w) the presence, disposal, release, or threatened release of any Hazardous Materials which are on, from, or affecting the
soil, water, vegetation, buildings, personal property, persons, animals, or otherwise; (x) any personal injury (including wrongful death) or property damage (real or personal) arising out of or related to such Hazardous Materials; (y) any
lawsuit brought or threatened, settlement reached, or government order relating to such 

  
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Hazardous Materials, and/or (z) any violation of laws, orders, regulations, requirements or demands of government authorities, or any policies or requirements of the Environmental Protection
Agency, which are based upon or in any way related to such Hazardous Materials including, without limitation, attorney and consultant fees and expenses, investigation and laboratory fees, court costs, and litigation expenses. For purposes of this
paragraph, “Hazardous Material” includes, without limit, any flammable explosives, radioactive materials, hazardous materials, hazardous wastes, hazardous or toxic substances, or related materials defined in the Comprehensive Environmental
Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. Sections 9601, et. seq.), the Hazardous Materials Transportation Act, as amended (49 U.S.C. Sections 5108, et seq.), the Resource Conservation and Recovery Act, as amended (42
U.S.C. Sections 6901, et seq.), and in the regulations adopted and publications promulgated pursuant thereto, or any other Federal, state or local environmental law, ordinance, rule, or regulation. The provisions of this paragraph shall be in
addition to any and all other obligations and liabilities the Company or any Guarantor may have to the Trustee at common law. The Trustee will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so
notify the Company will not relieve the Company or any of the Guarantors of their obligations hereunder. The Company or such Guarantor will defend the claim and the Trustee will cooperate in the defense. The Trustee may have separate counsel and the
Company will pay the reasonable fees and expenses of such counsel. Neither the Company nor any Guarantor need pay for any settlement made without its consent, which consent will not be unreasonably withheld. 

(c) The obligations of the Company and the Guarantors under this Section 7.07 will survive the satisfaction and discharge, covenant
defeasance or legal defeasance of this Indenture and resignation or removal of the Trustee. 
 (d) To secure the Company’s payment
obligations in this Section 7.07, the Trustee will have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Notes. Such Lien will survive the
satisfaction and discharge, covenant defeasance or legal defeasance of this Indenture. 
 (e) When the Trustee incurs expenses or renders
services after an Event of Default specified in Section 6.01(7) or (8) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of
administration under any Bankruptcy Law. 
 Section 7.08 Replacement of Trustee. 

(a) A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor
Trustee’s acceptance of appointment as provided in this Section 7.08. 
 (b) The Trustee may resign in writing at any time and be
discharged from the trust hereby created by so notifying the Company. The Holders of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove
the Trustee if: 
 (1) the Trustee fails to comply with Section 7.10 hereof; 

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

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company will promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Company. 

(d) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the
Company, or the Holders of at least 10% in principal amount of the then outstanding Notes may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee. 

(e) If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.10,
such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

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

(g) The Holders of at least a majority in principal amount of the Notes then outstanding may, for any or no reason whatsoever, replace the
Trustee and appoint a successor of their choosing. 
 Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act will be the successor Trustee. 
 Section 7.10 Eligibility; Disqualification.

 There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United States of
America or of any state thereof that is authorized 

  
 87 

 
under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $100
million as set forth in its most recent published annual report of condition. 
 This Indenture will always have a Trustee who satisfies the
requirements of TIA § 310(a)(1), (2) and (5). The Trustee will be subject to TIA § 310(b) if this Indenture has been qualified under the TIA. 

Section 7.11 Preferential Collection of Claims Against Company. 

If this Indenture has been qualified under the TIA, the Trustee will be subject to TIA § 311(a), excluding any creditor relationship
listed in TIA § 311(b). A Trustee who has resigned or been removed may be subject to TIA § 311(a) to the extent indicated therein. 

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

The Company may, at its option and at any time, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes
(including any Subsidiary Guarantees) upon compliance with the conditions set forth below in this Article 8. 
 Section 8.02 Legal Defeasance and
Discharge. 
 Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the
Company and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Notes (including the Subsidiary
Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and the Guarantors will be deemed to have paid and discharged
the entire Indebtedness represented by the outstanding Notes (including the Subsidiary Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this
Indenture referred to in clauses (1) and (2) below, and to have satisfied all their other obligations under such Notes, the Subsidiary Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall
execute proper instruments acknowledging the same), except for the following provisions which will survive until otherwise terminated or discharged hereunder: 

(1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of, or interest or premium on
such Notes when such payments are due from the trust referred to in Section 8.04 hereof; 
 (2) the Company’s
obligations with respect to such Notes under Sections 2.06, 2.07, 2.10 and 4.02 hereof; 
 (3) the rights, powers, trusts,
duties and immunities of the Trustee hereunder and the Company’s and the Guarantors’ obligations in connection therewith; and 

(4) this Section 8.02. 

  
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 Subject to compliance with this Article 8, the Company may exercise its option under this
Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof. 
 Section 8.03 Covenant Defeasance. 

Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Company and the
Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations under the covenants contained in Sections 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.15, 4.16, 4.17,
4.18 hereof and clause (4) of Section 5.01 hereof with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter, “Covenant Defeasance”),
and the Notes will thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be
deemed “outstanding” for all other purposes hereunder (it being understood that such Notes will not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding
Subsidiary Notes and Subsidiary Guarantees, the Company and the Guarantors may omit to comply with and will have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason
of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply will not constitute a Default or an Event of Default under
Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes and Subsidiary Guarantees will be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option
applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Section 6.01(3) through Section 6.01 (5) hereof will not constitute Events of Default. 

Section 8.04 Conditions to Legal or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 hereof: 

(1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the Notes, cash in
United States dollars, non-callable Government Securities, or a combination thereof, in amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public accountants, to pay the
principal of, and interest and premium on the outstanding Notes on the Stated Maturity or on the applicable redemption date, as the case may be and the Company must specify whether the Notes are being defeased to maturity or to a particular
redemption date; 

  
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 (2) in the case of an election under Section 8.02 hereof, the Company has
delivered to the Trustee an Opinion of Counsel (from counsel who shall not be an employee of the Company) reasonably acceptable to the Trustee confirming that: 

(A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 

(B) since the date of this Indenture, there has been a change in the applicable federal income tax law, 

in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Notes will not
recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal
Defeasance had not occurred; 
 (3) in the case of an election under Section 8.03 hereof, the Company must deliver to
the Trustee an Opinion of Counsel (from counsel who shall not be an employee of the Company) reasonably acceptable to the Trustee confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax
purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or
Event of Default resulting from the borrowing of funds to be applied to such deposit) and the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Company or any Guarantor is a party
or by which the Company or any Guarantor is bound; 
 (5) such Legal Defeasance or Covenant Defeasance will not result in a
breach or violation of, or constitute a default under any material agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 

(6) the Company must deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company
with the intent of preferring the Holders of Notes over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and 

(7) the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
 Section 8.05 Deposited Money and
Government Securities to be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.06 hereof, all money and
non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in

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

Subject to compliance with applicable abandoned property laws, any money deposited with the Trustee or any Paying Agent, or then held by the
Company, in trust for the payment of the principal of, premium or interest on any Note and remaining unclaimed two years after such principal, premium or interest has become due and payable shall be paid to the Company or as required by applicable
abandoned property law on its request or (if then held by the Company) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or
such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall
at the expense of the Company cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days
from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
 Section 8.07
Reinstatement. 
 If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities
in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s and the
Guarantors’ obligations under this Indenture and the Notes and the Subsidiary Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying
Agent is permitted to apply all such money in accordance with 

  
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Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium or interest on any Note following the reinstatement
of its obligations, the Company will be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 

ARTICLE 9. 
 AMENDMENT,
SUPPLEMENT AND WAIVER 
 Section 9.01 Without Consent of Holders of Notes. 

Notwithstanding Section 9.02 of this Indenture, the Company, the Guarantors, if any, and the Trustee may amend or supplement this
Indenture, any Subsidiary Guarantees or the Notes without the consent of any Holder of a Note: 
 (1) to cure any ambiguity,
defect or inconsistency; 
 (2) to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(3) to provide for the assumption of the Company’s obligations to the Holders of the Notes by a successor to the Company
pursuant to Article 5 hereof; 
 (4) to make any change that would provide any additional rights or benefits to the Holders
of the Notes or that does not adversely affect the rights hereunder of any such Holder; 
 (5) to comply with requirements of
the SEC in order to effect or maintain the qualification of this Indenture under the TIA; or 
 (6) to conform the text of
this Indenture or the Notes to any provision of the Description of Notes to the extent necessary to correct any ambiguity, defect or inconsistency in any provision in this Indenture or the Notes which was intended to be a verbatim recitation of a
provision in the Description of Notes. 
 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing
the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02 hereof, the Trustee will join with the Company and the Guarantors in the execution of any amended or
supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended or
supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 
 Section 9.02 With Consent of Holders
of Notes. 
 Except as provided below in this Section 9.02, the Company and the Trustee may amend or supplement this Indenture
(including, without limitation, Section 3.09, 4.10 and 4.15 hereof) and the Notes with the consent of the Holders of at least a majority in principal amount of the 

  
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Notes then outstanding (including, without limitation, consents obtained in connection with a tender offer or exchange offer for the Notes), and, subject to Sections 6.04 and 6.07 hereof, any
existing Default or compliance with any provision of this Indenture or the Notes may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes (including, without limitation, consents obtained in
connection with a tender offer or exchange offer for, or purchase of, the Notes). 
 Upon the request of the Company accompanied by a
resolution of its Board of Directors authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and upon
receipt by the Trustee of the documents described in Section 7.02 hereof, the Trustee will join with the Company in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental indenture. 

It is not necessary for the consent of the Holders of Notes under this Section 9.02 to approve the particular form of any proposed
amendment or waiver, but it is sufficient if such consent approves the substance thereof. 
 After an amendment, supplement or waiver under
this Section 9.02 becomes effective, the Company will mail to the Holders of Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, will
not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a majority in aggregate principal amount of the Notes then outstanding voting as
a single class may waive compliance in a particular instance by the Company with any provision of this Indenture or the Notes. However, without the consent of each Holder affected, an amendment or waiver under this Section 9.02 may not (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 fixed maturity of any Note or alter the
provisions with respect to the redemption of the Notes except as provided above with respect to Sections 3.09, 4.10 and 4.15 hereof; 

(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 interest or premium on the Notes (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); 

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

  
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 (6) make any change in the provisions of this Indenture relating to waivers of
past Defaults or the rights of Holders of Notes to receive payments of principal of, or interest or premium on the Notes; 

(7) waive a redemption payment with respect to any Note (other than a payment required by Sections 3.09, 4.10 and 4.15 hereof);
or 
 (8) make any change in Section 6.04 or 6.07 hereof or in this Section 9.02. 

Section 9.03 Compliance with Trust Indenture Act. 

Every amendment or supplement to this Indenture or the Notes will be set forth in an amended or supplemental indenture that complies with the
TIA as then in effect; provided, however, that the Company will comply with the TIA only when and to the extent that the TIA is applicable to the Notes. 

Section 9.04 Revocation and Effect of Consents. 

Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a
Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a
Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms
and thereafter binds every Holder. 
 Section 9.05 Notation on or Exchange of Notes. 

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

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

 Section 9.06 Trustee to Sign Amendments, etc. 

The Trustee will sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amendment or supplemental indenture until the Board of Directors approves it. In executing any amended or supplemental indenture, the Trustee
will be provided with and (subject to Section 7.01 hereof) will be fully protected in relying upon, in addition to the documents required by Section 13.04 hereof, an Officers’ Certificate and an Opinion of Counsel stating that the
execution of such amended or supplemental indenture is authorized or permitted by this Indenture. 

  
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 ARTICLE 10. 

COLLATERAL AND SECURITY 

Section 10.01 Collateral and Security Documents. 

(a) To secure the due and punctual payment of principal of, premium, if any and interest on the Notes by the Company when and as the same
shall be due and payable (whether on an Interest Payment Date, at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer or an Offer with respect to an Asset Sale or otherwise) and interest on the overdue principal of,
and interest (to the extent permitted by law) on, the Notes and performance of all other obligations of the Company and the Guarantors to the Holders of the Notes, the Trustee or the Collateral Agent under this Indenture, the Notes, the Guarantees,
and the Security Documents, according to the terms hereunder or thereunder, each of the Company, the Guarantors and the Trustee will enter into the Security Documents to create the security interests with respect to the Collateral. The Trustee, the
Collateral Agent, the Guarantors and the Company hereby acknowledge and agree that the Collateral Agent holds the Collateral in trust for the benefit of the Holders of the Notes, the Collateral Agent and the Trustee pursuant to the terms of the
Security Documents. 
 (b) Each Holder, by accepting a Note, agrees to all of the terms and provisions of the Security Documents (including,
without limitation, to the extent permitted by the TIA, to the extent the TIA is applicable to the Notes, and applicable law, the provisions therein providing for foreclosure and release of Collateral and the waivers of certain rights and remedies)
as the same may be in effect or may be amended from time to time in accordance with the terms thereof and hereof, and authorizes and directs the Trustee, in its capacity as Collateral Agent, to perform its obligations and exercise its rights under
the Security Documents in accordance therewith; provided, however, that if any provisions of the Security Documents limit, qualify or conflict with the duties imposed by the provisions of the TIA, the TIA will control, to the extent
the Indenture has been qualified under the TIA. 
 (c) As more fully set forth in, and subject to the provisions of, the Security Documents,
the Holders, and the Trustee and the Collateral Agent on behalf of such Holders, will have rights in and to the Collateral that are subject to the rights that have been or may be created in favor of the holders of other Indebtedness and obligations
of the Company under the Intercreditor Agreement. 
 (d) As among the Holders, the Collateral shall be held for the equal and ratable
benefit of the Holders without preference, priority or distinction of any thereof over any other. 
 (e) With respect to the Trustee acting
as Collateral Agent, the Trustee (i) shall not be deemed to have breached any duty as Trustee to the Holders as a result of the performance of its duties as Collateral Agent to the extent it acts in compliance with the Security Documents and
(ii) shall not be liable to the Holders for any such action or inaction in the absence of its own gross negligence or willful misconduct. The rights and interests created under this Indenture shall be subject to the terms of the Security
Documents. 

  
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 (f) The Company and each Guarantor will do or cause to be done all such acts and things as may be
required by the provisions of the Security Documents to which it is a party, to assure and confirm to the Trustee, in its capacity as Collateral Agent, the Liens on the Collateral contemplated by the Security Documents to which it is a party, as
from time to time constituted, so as to render the same available for the security and benefit of this Indenture and of the Notes and each Guarantee secured thereby, as applicable, according to the intent and purposes herein and therein expressed.
The Company will take all actions required pursuant to the Security Documents (subject to the Intercreditor Agreement) to create valid, enforceable and perfected (to the extent required therein) Liens in and on all the Collateral in favor of the
Collateral Agent for the benefit of the Trustee and for the equal and ratable benefit of the Holders of the Notes. Each Guarantor will, and the Company will cause each Guarantor to, take any and all actions required pursuant to the Security
Documents (subject to the Intercreditor Agreement) to cause the Liens created pursuant to the Security Documents to which it is a party to create and maintain for its obligations under each Guarantee and the Security Document related thereto, valid
and enforceable, perfected (to the extent required therein), Liens in favor of the Collateral Agent for the benefit of the Trustee and for the equal and ratable benefit of the Holders of the Notes. Neither the Company nor any of the Guarantors will
be permitted to take any action or knowingly or negligently omit to take any action, which action or omission might or would have the result of materially impairing the Liens with respect to the Collateral for the benefit of the Trustee and the
Holders of the Notes. 
 Section 10.02 Release of Collateral. 

(a) Collateral may be released from the Liens created by the Security Documents at any time or from time to time, and the Security Documents
may be terminated, in each case, in accordance with the provisions of the Security Documents and in accordance with this Indenture. Upon the request of the Company pursuant to an Officers’ Certificate and an Opinion of Counsel certifying that
all covenants and conditions precedent hereunder have been complied with, the Company and the Guarantors will be entitled to a release of assets included in the Collateral from the Liens securing the Notes, and the Holders hereby irrevocably
authorize and direct the Trustee and Collateral Agent to modify, release and adjust the Liens, to the extent provided for herein and in the Intercreditor Agreement, including, without limitation, at the Company’s sole cost and expense, under
one or more of the following circumstances: 
 (1) to enable the Company or any Restricted Subsidiary to sell, exchange or
otherwise dispose of any of the Collateral as permitted under this Indenture and the Security Documents; 
 (2) in the case
of a Guarantor that is released from its Guarantee with respect to the Notes, the release of the property and assets of such Guarantor; 

(3) if the Notes have been defeased pursuant to Article 8 or satisfied and discharged pursuant to Article 12 of this
Indenture; 
 (4) pursuant to an amendment or waiver in accordance with Article 9 of this Indenture; 

(5) to the extent required under the Intercreditor Agreement. 

  
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 The release of any Collateral from the terms hereof and of the Security Documents or the release of, in whole or
in part, the Liens created by the Security Documents, or the termination of the Security Documents, will not be deemed to impair the Liens on the Collateral in contravention of the provisions hereof if and to the extent that the Liens on Collateral
are released, or the Security Documents are terminated, pursuant to this Indenture or the applicable Security Documents. The Trustee and each of the Holders acknowledge that a release of Collateral or a Lien in accordance with the terms of the
Security Documents and this Indenture will not be deemed for any purpose to be an impairment of the Lien on the Collateral in contravention of the terms of this Indenture. 

The Collateral Agent shall promptly execute and deliver such documents and instruments as the Company and the Guarantors may reasonably request to evidence
any such permitted release without the consent of the Holders of the Notes. In releasing any Collateral pursuant to the terms of the Indenture or any Security Documents, the Trustee shall, in the absence of its negligence or willful misconduct be
entitled to receive, and shall be fully protected in relying upon, in addition to the documents required by Section 13.04, an Officers’ Certificate and an Opinion of Counsel certifying that such release is authorized or permitted by this
Indenture and the Security Documents and that all conditions precedent, if any, to such release have been satisfied. 
 (b) If all Liens on
such property or assets securing First-Priority Liens (including all commitments and letters of credit thereunder) are released, then the Company and its Subsidiaries will take all steps required to convert the Holders’ second-priority Liens on
the Collateral into first-priority Liens on the Collateral; provided, however, that if the Company or any Guarantor subsequently incurs first-priority Liens in reliance on clause 12 of the definition of Permitted Liens, then the Company and
its Subsidiaries will be required to reinstitute the second-priority security arrangement with respect to the Collateral in favor of the Notes, which, in the case of any such subsequent first-priority Liens, will be second-priority Liens on the
Collateral securing such first-priority Liens to the same extent provided by the Security Documents and on the terms and conditions of the security documents relating to such first-priority Liens, with the second-priority Lien held either by the
administrative agent, collateral agent or other representative for such first-priority Liens or by a collateral agent or other representative designated by the Company to hold the second-priority Liens for the benefit of the Holders of the Notes and
the Trustee and subject to an intercreditor agreement in substantially the same form as the Intercreditor Agreement. 
 Section 10.03 Recording;
Opinions as to Recording. 
 (a) The Company and the Guarantors shall furnish to the Trustee and the Collateral Agent on the Issue Date
and annually on each anniversary of the Issue Date an Opinion of Counsel either (i) stating that in the opinion of such counsel all action has been taken with respect to the recording, registering and filing of this Indenture, financing
statements or other instruments under the Security Documents on Article 9 Collateral as is necessary to make effective the Liens intended to be created by the Security Documents on such Article 9 Collateral and reciting the details of such action,
or (ii) stating that, in the opinion of such counsel, no such action is necessary to make such Lien on such Article 9 Collateral effective. Such Opinion of Counsel may contain such qualifications, assumptions and limitations as are customary
for such 

  
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opinions. For purposes of the foregoing, the term “Article 9 Collateral” shall mean collateral with respect to which a Lien thereon may be perfected by the filing of a UCC-1 financing
statement pursuant to the Uniform Commercial Code as adopted in any applicable jurisdiction. 
 (b) The Company and the Guarantors shall
otherwise comply with the provisions of §§ 314(b), (c), (d) and (e) of the TIA, if the Indenture has been qualified under the TIA. 

Section 10.04 Further Assurances and Security. 

Subject to the Intercreditor Agreement, the Company and the Guarantors will execute, acknowledge and deliver to the Trustee, at the
Company’s and/or such Guarantor’s expense, at any time and from time to time such further assignments, transfers, assurances, continuation statements or other instruments as may be reasonably required by the Trustee, to assure and confirm
to the Trustee, in its capacity as Collateral Agent, the Liens in the Collateral contemplated hereby and by the Security Documents, all to the extent contemplated by the Security Documents. 

Section 10.05 Authorization of Receipt of Funds by the Trustee under the Security Documents. 

The Trustee and the Collateral Agent are authorized and empowered to receive any funds for the benefit of the Holders distributed under the
Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture and the Security Documents. 

Section 10.06 Concerning the Collateral Agent; Authorizations 

(a) Subject to the terms of the Intercreditor Agreement, the Collateral Agent, may, in its sole discretion and without the consent of the
Holders, on behalf of the Holders, take all actions it deems necessary or appropriate in order to (i) enforce any of the terms of the Security Documents and (ii) collect and receive any and all amounts payable in respect of the obligations
of the Company and the Guarantors hereunder, provided that neither the Trustee nor the Collateral Agent shall have any right to take any such actions prior to its actual knowledge of the occurrence of an Event of Default, which it shall have no duty
to discover or ascertain except as otherwise provided in this Indenture. 
 (b) The Collateral Agent will be subject to such directions as
may be given it by the Trustee from time to time as required or permitted by this Indenture. 
 (c) The Company will deliver to the Trustee
copies of all Security Documents delivered to the Collateral Agent. 
 (d) The Collateral Agent will be accountable only for amounts that it
actually receives as a result of the enforcement of the Liens granted pursuant to the Security Documents. 
 (e) In acting as Collateral
Agent, all of the rights, protections and immunities, granted to the Trustee hereunder shall inure to the benefit of the Collateral Agent acting hereunder and under the Security Documents. 

  
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 (f) Each successor Trustee will become the successor Collateral Agent as and when the successor
Trustee becomes the Trustee and shall comply with the provisions of Section 10.07(g) below unless, at the time such successor Trustee becomes Trustee, the immediately preceding Trustee was not the Collateral Agent. 

(g) Each Holder, by its acceptance of its Note, consents and agrees to the terms of each Security Document, as originally in effect and as
amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, authorizes and directs the Collateral Agent to enter into the Security Documents, and authorizes and empowers the Trustee and the
Collateral Agent to bind the Holders as set forth in the Security Documents and to perform its obligations and exercise its rights and powers thereunder. 

(h) The Trustee may, subject to the terms of the Intercreditor Agreement, in its sole discretion and without the consent of the Holders,
direct, on behalf of the Holders, the Collateral Agent to take all actions it deems necessary or appropriate in order to: 
  

	 	(i)	foreclose upon or otherwise enforce any or all of the Liens granted by the Security Documents; 

  

	 	(ii)	enforce any of the terms of the Security Documents; or 

  

	 	(iii)	collect and receive payment of any and all amounts owing under this Indenture, the Notes and the Security Documents. 

(i) Subject to the Intercreditor Agreement, the Collateral Agent is authorized and empowered to institute and maintain such suits and
proceedings as it may deem expedient to protect or enforce the Liens granted by the Security Documents or to prevent any impairment of Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such
suits and proceedings as the Collateral Agent may deem expedient to preserve or protect its interests and the interests of the Holders in the Collateral, including power to institute and maintain suits or proceedings to restrain the enforcement of
or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder
or be prejudicial to the interests of Holders, the Trustee or the Collateral Agent. 
 (j) The Collateral Agent shall have no duty as to any
Collateral in its possession or control, other than those duties specifically set forth in this Indenture and the Security Documents, or the possession or control of any agent or bailee or any income thereon or as to the preservation or rights
against prior parties or any other rights pertaining thereto. The Collateral Agent shall not be liable or responsible for any loss or diminution in the value of any of the Collateral by reason of the act or omission of any carrier, forwarding agency
or other agent or bailee selected by the Collateral Agent in good faith. 
 (k) All moneys received by the Collateral Agent under or
pursuant to any provision of this Indenture or any Security Document shall be paid over or delivered to the Trustee in the form received (with any necessary endorsements) for application by the Trustee pursuant to the provisions of this Indenture.

  
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 (l) The Collateral Agent may execute any power and perform any duty under this Indenture or any
Security Document either directly or by or through agents, nominees or attorneys-in-fact. The Collateral Agent may act and conclusively rely, and shall be protected in acting and conclusively relying on, the opinion or advice of, or information
obtained from, any counsel (which shall include counsel to the Company), accountant, appraiser or other expert or adviser, whether retained or employed by the Collateral Agent or the Trustee in relation to any matter in connection with this
Indenture, the Security Documents or any other document, instrument or writing. The Collateral Agent shall be entitled to rely on the advice of counsel selected by it concerning all matters pertaining to such powers and duties. The Collateral Agent
shall not be responsible for any acts or omissions, including any negligence or misconduct, of any agents, nominees or attorneys-in-fact selected by it with due care. 

(m) If the Collateral Agent has been requested or is otherwise required to take action pursuant to this Indenture or any Security Document,
the Collateral Agent shall not be under any obligation to exercise any of the rights or powers vested in the Collateral Agent by this Indenture or any Security Document unless the Collateral Agent shall have been provided adequate security and
indemnity against the costs, expenses and liabilities which may be incurred by it in complying with such request or direction, including such reasonable advances as may be requested by the Collateral Agent. Under no circumstances shall the
Collateral Agent be required to expend or risk its own funds or incur or risk any liability. 
 (n) Except as to any of the Collateral in
its possession or control and except as otherwise set forth in this Indenture and in the Security Documents or under the TIA (when and to the extent that the TIA is applicable to the Notes), the Collateral Agent shall not be responsible for
(i) perfecting, maintaining, monitoring, preserving or protecting the security interest or lien granted under the Security Documents, (ii) the filing, re-filing, recording, re-recording or continuing of any document, financing statement,
mortgage, assignment, notice, instrument of further assurance or other instrument in any public office at any time or times or (iii) providing, maintaining, monitoring or preserving insurance on or the payment of taxes with respect to any
property subject to any of the Security Documents. 
 (o) In no event shall the Collateral Agent be liable for incidental, indirect, special
or consequential damages, regardless of the form of action and even if the same were foreseeable. Notwithstanding anything set forth herein to the contrary, the Collateral Agent shall have a duty of reasonable care with respect to any Collateral
which is delivered to the Collateral Agent and is in the Collateral Agent’s possession and control. 
 (p) Subject to the TIA, to the
extent the TIA is applicable to the Notes, in the absence of its negligence or willful misconduct, the Collateral Agent may rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or
opinions furnished to the Collateral Agent and conforming to the requirements of this Indenture or any Security Document. 
 Section 10.07
Resignation and Removal of Collateral Agent; Appointment of Successor. 
 (a) No resignation or removal of the Collateral Agent and
no appointment of a successor Collateral Agent pursuant to this Article 10 shall become effective until the acceptance of appointment by the successor Collateral Agent in accordance with the applicable requirements of Section 10.07(g) below.

  
 100 

 (b) The Collateral Agent may resign at any time by giving written notice thereof to the Company
(and, if the Collateral Agent and the Trustee are not the same Person, to the Trustee). If the instrument of acceptance by a successor Collateral Agent required by Section 10.07(g) below shall not have been delivered to the Collateral Agent
within thirty (30) days after the giving of such notice of resignation, the resigning Collateral Agent, the Trustee or the Company may petition any court of competent jurisdiction for the appointment of a successor Collateral Agent. 

(c) The Collateral Agent may be removed at any time by the Trustee, by instrument delivered to the Company and to the Collateral Agent, or by
the written direction of the Holders of a majority in aggregate principal amount of the Notes, delivered to the Trustee, the Collateral Agent and the Company. If the instrument of acceptance by a successor Collateral Agent required by
Section 10.07(g) below shall not have been delivered to the Collateral Agent within thirty (30) days after the giving of such notice of removal, the removed Collateral Agent, the Trustee or the Company may petition any court of competent
jurisdiction for the appointment of a successor Collateral Agent. 
 (d) If at any time: 

(1) the Collateral Agent shall cease to be eligible under Section 10.07(h) below and shall fail to resign after written
request therefor by the Company, the Trustee or by any Holder of a Note; or 
 (2) the Collateral Agent shall become
incapable of acting or shall be adjudged bankrupt or insolvent or a receiver of the Collateral Agent or of its property shall be appointed or any public officer shall take charge or control of the Collateral Agent or of its property or affairs for
the purpose of rehabilitation, conservation or liquidation; 
 then, if the Collateral Agent is not removed by the Trustee pursuant to clause
(c) above, any Holder of a Note may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Collateral Agent and the appointment of a successor Collateral Agent. 

(e) If the Collateral Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Collateral
Agent for any cause, the Trustee shall promptly appoint a successor Collateral Agent and shall comply with the applicable requirements of this Section 10.07. If, within one (1) year after such resignation, removal or incapability, or
occurrence of such vacancy, a successor Collateral Agent shall be appointed by an act of the Holders of a majority in principal amount of the Notes delivered to the Company, the Trustee and the Collateral Agent, the successor Collateral Agent so
appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of this Section 10.07, become the successor Collateral Agent and supersede the successor Collateral Agent appointed by the
Trustee. If no successor Collateral Agent shall have been so appointed by the Trustee or the Holders of Notes and accepted appointment in the manner required by this Section 10.07, any Holder of a Note may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the appointment of a successor Collateral Agent. 

  
 101 

 (f) The Trustee shall give notice of each resignation and each removal of the Collateral Agent
and each appointment of a successor Collateral Agent to all Holders of Notes in the manner provided in Section 13.02. Each notice shall include the name of the successor Collateral Agent and the address of its Corporate Trust Office. 

(g) Every successor Collateral Agent appointed hereunder shall execute, acknowledge and deliver to the Company and to the retiring Collateral
Agent (and, if the retiring Collateral Agent and the Trustee are not the same Person, to the Trustee) an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Collateral Agent shall become effective and such
successor Collateral Agent, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Collateral Agent. Such retiring Collateral Agent shall, upon payment of its charges, promptly
execute and deliver an instrument transferring to such successor Collateral Agent all the rights, powers and trusts of the retiring Collateral Agent and shall duly assign, transfer and deliver to such successor Collateral Agent all property and
money held by such retiring Collateral Agent hereunder. Upon request of any such successor Collateral Agent, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Agent
all such rights, powers and trusts. 
 (h) No Person shall accept appointment as Collateral Agent hereunder unless at the time of such
acceptance such successor Person shall be a corporation having a combined capital and surplus (or for such purposes, the combined capital and surplus of any parent holding company) of at least U.S.$250,000,000, subject to supervision or examination
by federal or state authority, in good standing and having an established place of business or agency in the Borough of Manhattan, The City of New York. If such corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section 10.07, 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 Collateral Agent shall cease to satisfy the requirements of this paragraph for being a Collateral Agent, it shall resign immediately in the manner and with the effect hereinafter specified in this
Section 10.07 and a successor shall be appointed pursuant to this Section 10.07. 
 ARTICLE 11. 

SUBSIDIARY GUARANTEES 
 Section 11.01
Guarantee. 
 (a) Subject to this Article 11, each of the Guarantors, if any, hereby, jointly and severally, unconditionally
guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Company
hereunder or thereunder, that: 
 (1) the principal of, premium and interest on the Notes will be promptly paid in full when
due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder
will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

  
 102 

 (2) in case of any extension of time of payment or renewal of any Notes or any of
such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be jointly and
severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and performance and not a guarantee of collection. 

(b) The Guarantors hereby agree that their obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability
of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce
the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of
insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that this Subsidiary Guarantee will not be discharged except by complete performance of the
obligations contained in the Notes and this Indenture. 
 (c) If any Holder or the Trustee is required by any court or otherwise to return
to the Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or such Holder, this Subsidiary Guarantee, to the
extent theretofore discharged, will be reinstated in full force and effect. 
 (d) Each Guarantor agrees that it will not be entitled to any
right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the
Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations (whether or not due and
payable) will forthwith become due and payable by the Guarantors for the purpose of this Subsidiary Guarantee. The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not
impair the rights of the Holders under the Subsidiary Guarantee. 

  
 103 

 Section 11.02 Limitation on Guarantor Liability. 

Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Subsidiary
Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to
any Subsidiary Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount that will, after giving effect to such
maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other
Guarantor in respect of the obligations of such other Guarantor under this Article 11, result in the obligations of such Guarantor under its Subsidiary Guarantee not constituting a fraudulent transfer or conveyance. 

Section 11.03 Execution and Delivery of Subsidiary Guarantee. 

To evidence its Subsidiary Guarantee set forth in Section 11.01, each Guarantor hereby agrees that a notation of such Subsidiary
Guarantee substantially in the form attached as Exhibit D hereto will be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and that this Indenture will be executed on behalf of such Guarantor by one of
its Officers. 
 Each Guarantor hereby agrees that its Subsidiary Guarantee set forth in Section 11.01 will remain in full force and
effect notwithstanding any failure to endorse on each Note a notation of such Subsidiary Guarantee. 
 If an Officer whose signature is on
this Indenture or on the Subsidiary Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a Subsidiary Guarantee is endorsed, the Subsidiary Guarantee will be valid nevertheless. 

The delivery of any Note by the Trustee, after the authentication thereof hereunder, will constitute due delivery of the Subsidiary Guarantee set forth in
this Indenture on behalf of the Guarantors. 
 In the event that the Company creates or acquires any Domestic Subsidiary after the date of
this Indenture, if required by Section 4.18 hereof, the Company will cause such Domestic Subsidiary to comply with the provisions of Section 4.18 hereof and this Article 11, to the extent applicable. 

  
 104 

 Section 11.04 Guarantors May Consolidate, etc., on Certain Terms. 

Except as otherwise provided in Section 11.05, no Guarantor may sell or otherwise dispose of all or substantially all of its assets to,
or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or another Guarantor, unless: 

(1) immediately after giving effect to such transaction, no Default or Event of Default exists; and 

(2) either: 

(a) subject to Section 11.05 hereof, the Person acquiring the property in such sale or disposition or the Person formed by
or surviving any such consolidation or merger unconditionally assumes all the obligations of that Guarantor under this Indenture and the Subsidiary Guarantees pursuant to a supplemental indenture substantially in the form set forth in Exhibit E
hereto; or 
 (b) any such sale is permitted under Section 4.10 hereof and the Net Proceeds of such sale or other
disposition are applied in accordance with the applicable provisions of this Indenture, including without limitation, Section 4.10 hereof. 

In case of any such consolidation, merger, sale or conveyance and upon the assumption by the successor Person, by supplemental indenture,
executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Subsidiary Guarantee endorsed upon the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the
Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Subsidiary Guarantees
to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Subsidiary Guarantees so issued will in all respects have the same legal rank and benefit under
this Indenture as the Subsidiary Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Subsidiary Guarantees had been issued at the date of the execution hereof. 

Except as set forth in Articles 4 and 5 hereof, and notwithstanding clauses (a) and (b) above, nothing contained in this Indenture
or in any of the Notes will prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or will prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the
Company or another Guarantor. 
 Section 11.05 Releases of Subsidiary Guarantees. 

The Subsidiary Guarantee of a Guarantor will be released: 

(1) in connection with any sale or other disposition of all or substantially all of the assets of that Guarantor (including by
way of merger or consolidation) to a Person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company, if the sale or other disposition does not violate Section 4.10 of this
Indenture; 
 (2) in connection with any sale or other disposition of all of the Capital Stock of a Guarantor to a Person
that is not (either before or after giving effect to such transaction) the Company or a Subsidiary of the Company, if the sale or other disposition does not violate Section 4.10 of this Indenture; 

  
 105 

 (3) if the Company designates any Restricted Subsidiary that is a Guarantor to be
an Unrestricted Subsidiary in accordance with the applicable provisions of this Indenture; 
 (4) upon legal defeasance or
satisfaction and discharge of the notes as provided under Article 8 or Article 12 of this Indenture; or 
 (5) with the
consent of the Holders of at least 75% in principal amount of the Notes then outstanding. 
 Any Guarantor not released from its obligations under its
Subsidiary Guarantee will remain liable for the full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article 11. The Company will provide written notice to the
Trustee upon any release of a Guarantor. Upon request of the Company, and delivery to the Trustee of an Officers’ Certificate and an Opinion of Counsel certifying that all covenants and conditions precedent hereunder to the release of such
Guarantor have been complied with, the Trustee will execute and deliver a release of such Guarantor to the Company and the released Guarantor. 

ARTICLE 12. 

SATISFACTION AND DISCHARGE 

Section 12.01 Satisfaction and Discharge. 

This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when: 

(1) either: 

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

(b) all Notes that have not been delivered to the Trustee for cancellation have become due and payable by reason of the mailing
of a notice of redemption or otherwise or will become due and payable within one year and the Company or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the
Holders, cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in amounts as will be sufficient without consideration of any reinvestment of interest, to pay and discharge the entire indebtedness on the Notes not
delivered to the Trustee for cancellation for principal, premium and accrued interest to the date of maturity or redemption; 

(2) no Default or Event of Default has occurred and is continuing on the date of the deposit (other than a Default or Event of
Default resulting from the borrowing of 

  
 106 

 
funds to be applied to such deposit) and the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Company or any Guarantor is a
party or by which the Company or any Guarantor is bound; 
 (3) the Company or any Guarantor has paid or caused to be paid
all sums payable by it under this Indenture; and 
 (4) the Company has delivered irrevocable instructions to the Trustee
under this Indenture to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be. 

In addition, the Company must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions
precedent to satisfaction and discharge have been satisfied. 
 Notwithstanding the satisfaction and discharge of this Indenture, if money
has been deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section, the provisions of Section 12.02, Section 7.07 and Section 8.06 will survive. 

Section 12.02 Application of Trust Money. 

Subject to the provisions of Section 8.06, all money deposited with the Trustee pursuant to Section 12.01 shall be held in trust and
applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 

If the Trustee or Paying Agent is unable to apply any money or Government Securities in accordance with Section 12.01 by reason of
any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’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 12.01; provided that if the Company has made any payment of principal of, premium, if any, or interest on any Notes because of the reinstatement
of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 

ARTICLE 13. 

MISCELLANEOUS 
 Section 13.01 Trust
Indenture Act Controls. 
 The Company and Guarantors represent to the Trustee and the Collateral Agent that this Indenture is
not required to be, and has not been, qualified under the TIA on the Issue Date, and will promptly inform the Trustee if this Indenture is to be so qualified. If any provision of this Indenture limits, qualifies or conflicts with the duties imposed
by TIA §318(c), the imposed duties will control; provided, however, that the Company will comply with the TIA only when and to the extent this Indenture has been qualified under the TIA. 

  
 107 

 Section 13.02 Notices. 

Any notice or communication by the Company, any Guarantor or the Trustee to the others is duly given if in writing and delivered in Person or
mailed by first class mail (registered or certified, return receipt requested), telex, telecopier or overnight air courier guaranteeing next day delivery, to the others’ address: 

If to the Company and/or any Guarantor: 

Kellwood Company 
 600 Kellwood
Parkway 
 Chesterfield, Missouri 63017 

Attention: Chief Financial Officer 

Facsimile: (314) 576-3439 

With a copy to: 

Kirkland & Ellis LLP 

200 East Randolph Drive 
 Chicago,
IL 60601 
 Facsimile No.: (312) 862-2200 

Attention: Gerald T. Nowak, P.C. 

If to the Trustee: 
 Wells Fargo
Bank National Association 
 230 West Monroe Street, Suite 2900 

Chicago, IL 60606 
 Attention:
Greg Clarke, Corporate Trust Services 
 Facsimile No.: (312) 726-2158 

With a copy to: 
 Drinker
Biddle & Reath LLP 
 191 North Wacker Drive, Suite 3700 

Chicago, IL 60606-1698 

Attention: Steve Wagner 

Telecopier: (312) 569-3000 

The Company, any Guarantor or the Trustee, by notice to the others may designate additional or different addresses for subsequent notices or
communications. 
 All notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next Business Day, if sent by overnight air courier guaranteeing next day
delivery. 

  
 108 

 Any notice or communication to a Holder will be mailed by first class mail, certified or
registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication will also be so mailed to any Person described in TIA
§ 313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee
receives it. 
 If the Company mails a notice or communication to Holders, it will mail a copy to the Trustee and each Agent at the same
time. 
 Section 13.03 Communication by Holders of Notes with Other Holders of Notes. 

Holders may communicate as permitted under TIA § 312(b) with other Holders with respect to their rights under this Indenture or the
Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection set forth under TIA § 312(c). 
 Section 13.04
Certificate and Opinion as to Conditions Precedent. 
 Upon any request or application by the Company to the Trustee to take any
action under this Indenture, the Company shall furnish to the Trustee: 
 (1) an Officers’ Certificate in form and
substance reasonably satisfactory to the Trustee (which must include the statements set forth in Section 13.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture
relating to the proposed action have been satisfied; and 
 (2) an Opinion of Counsel in form and substance reasonably
satisfactory to the Trustee (which must include the statements set forth in Section 13.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

Section 13.05 Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA § 314(a)(4)) must comply with the provisions of TIA § 314(e) and must include: 

(1) a statement that the Person making such certificate or opinion has read such covenant or condition; 

  
 109 

 (2) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement
that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

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

Section 13.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and
set reasonable requirements for its functions. 
 Section 13.07 Payments Due on Non-Business Days. 

Anything in this Indenture or the Notes to the contrary notwithstanding, any payment of principal, premium or interest on any Note that is due
on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on the next succeeding Business Day; provided that if the maturity date of
any Note is a date other than a Business Day, the payment otherwise due on such Maturity Date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next
succeeding Business Day. 
 Section 13.08 No Personal Liability of Directors, Officers, Employees, Stockholders or Securityholders. 

No director, officer, employee, incorporator, stockholder or securityholder of the Company or any Guarantor, as such, will have any liability
for any obligations of the Company or the Guarantors under the Notes, this Indenture, any Subsidiary Guarantees, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note
waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

Section 13.09 Governing Law; Jury Trial Waiver 

THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE SUBSIDIARY GUARANTEES WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE COMPANY, THE SUBSIDIARY GUARANTORS, THE TRUSTEE, AND EACH HOLDER OF A NOTE BY
ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY WAIVES, TO 

  
 110 

 
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 THE TRANSACTIONS CONTEMPLATED
HEREBY. 
 Section 13.10 No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 13.11 Successors. 

All agreements of the Company in this Indenture and the Notes will bind its successors. All agreements of the Trustee in this Indenture will
bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 11.05. 

Section 13.12 Severability. 
 In
case any provision in this Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 13.13 Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together represent the same
agreement. 
 Section 13.14 Table of Contents, Headings, etc. 

The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or provisions hereof. 

Section 13.15 Force Majeure. 
 In no
event shall the Trustee be responsible or liable, nor shall the Company or the Guarantors be responsible or liable to the Trustee, 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 or the Company or the Guarantors, as the case may be, shall use reasonable efforts which are consistent with accepted
practices to resume performance as soon as practicable under the circumstances. 
 (Signature Pages Follow) 

  
 111 

 SIGNATURES 
  

							
	Dated as of July     , 2009	 		 	COMPANY:
			
		 		 	KELLWOOD COMPANY, a Delaware corporation
				
		 		 	By:	 	 /s/ Steven Baginski

		 		 	Name:	 	Steven Baginski
		 		 	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer

 
			
	GUARANTORS:
	
	HALMODE APPAREL, INC.
	KELLWOOD FINANCIAL RESOURCES, INC. (formerly known as Newkell, Inc.)
	KELLWOOD RETAIL GROUP, INC.
	KWD HOLDINGS, INC.
	NEW CAMPAIGN, INC.
	PHAT FASHIONS LLC
	PHAT LICENSING LLC
		
	By:	 	 /s/ Steven Baginski

	Name:	 	Steven Baginski
	Title:	 	Chief Financial Officer for each of the above listed companies

 
			
	GUARANTORS:
	
	AMERICAN RECREATION PRODUCTS, INC.
	ROYAL ROBBINS, INC.
	SIERRA DESIGNS ACQUISITION CORPORATION
		
	By:	 	 /s/ Steven Baginski

	Name:	 	Steven Baginski
	Title:	 	Treasurer for each of the above listed companies

 
					
	TRUSTEE AND COLLATERAL AGENT:
		
		 	WELLS FARGO BANK NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ illegible

		 		 	Name:
		 		 	Title:

 Exhibit A1 

[Face of Note] 
  

CUSIP/CINS [            ] 

$         

12 7/8% Second-Priority Senior Secured PIK Notes due 2014 

No.      
 KELLWOOD COMPANY

 promises to pay to CEDE & CO. or registered assigns, 

the principal sum of                      

Dollars on December 31, 2014. 
 Interest Payment Dates:
January 15 and July 15 
 Record Dates: January 1 and July 1 

Dated:                  , 2009 

 

			
	KELLWOOD COMPANY
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:
		
		 	(SEAL)

  

			
	This is one of the Notes referred to in the within-mentioned Indenture:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
  

  
 A1-1 

 [Back of Note] 

12 7/8% Second-Priority Senior Secured PIK Notes due 2014 

[Global Note Legend] 
 “THIS GLOBAL NOTE IS HELD BY THE
DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE
TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

[Private Placement Legend] 
 “THE SECURITY
(OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT
BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE
PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT: 

(A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY 

  
 A1-2 

 (i) (a) TO A PERSON WHO IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER
THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 903 OR RULE 904 UNDER THE SECURITIES ACT, (d) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF THE SECURITIES ACT (AN “INSTITUTIONAL ACCREDITED
INVESTOR”)) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL
AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
(AND BASED UPON AN OPINION OF COUNSEL IF THE ISSUER SO REQUESTS), 
 (ii) TO THE ISSUER, OR 

(iii) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE
UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND 
 (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF
THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE.” 
 [Definitive Securities 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.” 
 [OID Legend] 

“THIS NOTE WILL BE ISSUED WITH ORIGINAL ISSUE DISCOUNT (“OID”) WITHIN THE MEANING OF SECTION 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED. THE HOLDER MAY CONTACT THE CHIEF FINANCIAL OFFICER OF THE 

  
 A1-3 

 
COMPANY AT (314) 576-3125 TO RECEIVE A CALCULATION OF THE ISSUE PRICE OF THIS NOTE, THE ACTUAL DATE OF ISSUANCE, THE YIELD TO MATURITY AND THE AMOUNT OF OID ON THIS NOTE.” 

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

(1) INTEREST. Kellwood Company, a Delaware corporation (the
“Company”), promises to pay interest on the principal amount of this Note as follows: 
 The Company
shall pay interest on the Notes semi-annually in arrears on January 15 and July 15 of each year (each, an “Interest Payment Date”). 

The first Interest Payment Date shall be January 15, 2010. Subject to paragraph 13 below, interest will accrue on the
Notes beginning on the Issue Date through and including the date on which the Notes shall have been paid in full in cash at the rate of 12 7/8% per annum, and will be paid (i) in cash at a rate of 7 7/8% per annum (“Cash
Interest”); and (ii) at a rate of 5% per annum (“PIK Interest”), which interest will be payable either (x) with respect to Notes represented by Global Notes, by increasing the principal amount of
the Notes, or (y) with respect to Notes represented by Definitive Notes, by issuing Additional Notes, in either case with a principal amount equal to the PIK Interest accrued on the outstanding principal balance of the Notes for the applicable
interest period. 
 The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy
Law) on overdue principal from time to time on demand at the rate set forth in paragraph 13 below; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest from time to
time on demand as provided in paragraph 13 to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

(2) METHOD OF PAYMENT. The Company will pay Cash Interest
and PIK Interest on the Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of business on the January 1 or July 1 next preceding the Interest Payment Date, even if such Notes are canceled
after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium and interest at the office or agency
of the Company maintained for such purpose within or without the City and State of New York, or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders;
provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest and premium on all Global Notes and all other Notes the Holders of which will have provided wire transfer
instructions to the Company or the Paying Agent. Such payment will be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

  
 A1-4 

 (3) PAYING AGENT AND
REGISTRAR. Initially, Wells Fargo Bank National Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any
Holder. The Company or any of its Subsidiaries may act in any such capacity. 
 (4) INDENTURE
AND SECURITY DOCUMENTS. The Company issued the Notes under an Indenture dated as of July 23, 2009 (the “Indenture”) by and among the Company, the Guarantors
from time to time party thereto and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code
§§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the
Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are secured obligations of the Company. The Notes are secured by a second-priority Lien in the Collateral granted to the Collateral Agent for the benefit of the
Holders, as further described in the Indenture. 
 (5) OPTIONAL
REDEMPTION. At any time, the Company may on any one or more occasions redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at a price equal to the principal amount outstanding
under the Notes (including any Additional Notes issued in respect of interest payments) plus accrued and unpaid interest on the Notes redeemed to the applicable redemption date (subject to the rights of Holders of the Notes on the relevant record
date to receive interest due on the relevant interest payment date). Any redemption shall be made pursuant to the provisions of Section 3.01 through 3.06 of the Indenture. 

(6) MANDATORY REDEMPTION. Except as set forth under Sections 3.09, 4.10 and
4.15 of the Indenture, the Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 

(7) REPURCHASE AT OPTION OF HOLDER. 

(a) If there is a Change of Control, each Holder of Notes will have the right to require the Company to repurchase all or any
part (equal to $1,000 or an integral multiple of $1.00 in excess thereof) of that Holder’s Notes (a “Change of Control Offer”) at a purchase price in cash equal to 100% of the aggregate principal amount of Notes
repurchased plus accrued and unpaid interest to the date of purchase subject to the right of Noteholders on the relevant record date to receive interest due on the relevant interest payment date (the “Change of Control
Payment”). Within 30 days following any Change of Control, the Company will mail a notice to the Trustee and each Holder describing the transaction or transactions that constitute the Change of Control and offering to repurchase Notes
on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”) and setting forth the procedures governing
the Change of Control Offer as required by the Indenture. 

  
 A1-5 

 (b) Any Net Proceeds from Asset Sales that are not applied or invested as
provided in Section 4.10(b) of the Indenture will constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $10 million, the Company will commence an offer to all Holders of Notes and, at the
option of the Company (unless otherwise required by the terms thereof), all holders of other Indebtedness that is pari passu with the Notes (an “Asset Sale Offer”) pursuant to Section 3.09 of the Indenture to
purchase the maximum principal amount of Notes and other pari passu Indebtedness, if applicable, that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof plus
accrued and unpaid interest to the date of purchase, and will be payable in cash. If any Excess Proceeds remain after consummation of any Asset Sale Offer, the Company may use those Excess Proceeds for any purpose not otherwise prohibited by the
Indenture. If the aggregate principal amount of Notes and other pari passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, and as to any Notes that are not Global Notes, the Trustee shall select the
Notes to be purchased on a pro rata basis. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. 

(8) NOTICE OF REDEMPTION. Notice of redemption will be
mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address. 

(9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in
registered form without coupons in minimum denominations of $1,000 and integral multiples of $1.00 in excess thereof, subject to the issuance of Additional Notes in respect of interest payments, which may be issued in integral multiples of $1.00.
The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may
require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note selected for redemption, except for the unredeemed portion of any Note being redeemed in
part. Also, the Company need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the next succeeding Interest Payment Date. 

(10) PERSONS DEEMED OWNERS. The registered Holder of a Note
may be treated as its owner for all purposes. 
 (11) AMENDMENT, SUPPLEMENT
AND WAIVER. Subject to certain exceptions, the Indenture, the Subsidiary Guarantees or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in principal
amount of the then outstanding Notes and any existing default or compliance with any provision of the Indenture or the Notes may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes. Without the
consent of any Holder of a Note, the Indenture, the Subsidiary Guarantees or the Notes may be amended or supplemented to cure any ambiguity, defect or inconsistency, to provide for 

  
 A1-6 

 
uncertificated Notes in addition to or in place of certificated Notes, to provide for the assumption of the Company’s obligations to Holders of the Notes in case of a merger or
consolidation, to make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights of any such Holder, to comply with the requirements of the SEC in order to effect
or maintain the qualification of the Indenture under the Trust Indenture Act, or to conform the text of the Indenture or the Notes to any provision of the Description of the Notes to the extent that such provision in the Description of the Notes was
intended to be a verbatim recitation of a provision of the Indenture, the Subsidiary Guarantees or the Notes. 
 (12)
DEFAULTS AND REMEDIES. Events of Default include: (i) default for 30 days in the payment when due of interest on the Notes; (ii) default in payment when due (at maturity,
upon redemption or otherwise) of the principal (including PIK interest) of, or premium, if any, on the Notes; (iii) failure by the Company or its Restricted Subsidiaries for 60 days after notice to the Company by the Trustee or to the Company
and the Trustee by the Holders of at least 25% in principal amount of the outstanding Notes to comply with any other agreements in the Indenture; (iv) default under any mortgage, indenture, or instrument under which there may be issued or by
which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries) whether such Indebtedness
or guarantee now exists, or is created after the date of the Indenture, if that default: (a) is caused by a failure to pay at final stated maturity (giving effect to any extension thereof) the principal amount of any Indebtedness prior to the
expiration of the grace period provided in such Indebtedness (a “Payment Default”); or (b) results in the acceleration of such Indebtedness prior to its express maturity, and, in each case, the principal amount of any
such Indebtedness, together with the principal amount of any other such Indebtedness or the maturity of which has been so accelerated, aggregates $25.0 million or more; (v) failure by the Company or any of its Restricted Subsidiaries to
pay final judgments aggregating in excess of $25.0 million, which judgments are not paid, discharged or stayed for a period of 60 days after such judgments become final and non-appealable; (vi) except as permitted by the Indenture,
any Subsidiary Guarantee (other than a Subsidiary Guarantee issued by a Guarantor that is not a Significant Subsidiary) shall be held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and
effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or disaffirm its obligations under its Subsidiary Guarantee (other than a Subsidiary Guarantee issued by a Guarantor that is not a Significant Subsidiary);
(vii) certain events of bankruptcy or insolvency described in the Indenture with respect to the Company or any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken as a whole, would
constitute a Significant Subsidiary and (viii) any Event of Default under the Old Notes Indenture. If any Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes
may declare all the Notes to be due and payable. Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy or insolvency, all outstanding Notes will become due and payable without further action or
notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a 

  
 A1-7 

 
majority in principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any
continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal of, premium and interest on, any Note) so long as a committee of its Responsible Officers in good faith determines that withholding the
notice is in the interests of the Holders of Notes. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or Event
of Default and its consequences under the Indenture except a continuing Default or Event of Default in the payment of interest on, or the principal of, the Notes. The Company is required to deliver to the Trustee annually a statement regarding
compliance with the Indenture, and the Company is required upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 

(13) DEFAULTED INTEREST. If the Company defaults in a payment of Cash
Interest or PIK Interest on the Notes, it will pay the defaulted interest in any lawful manner, which will be at a rate of an additional 1% per annum, plus, to the extent lawful, interest payable on the defaulted interest, to the Holders
thereof, as set forth in Section 2.12 of the Indenture. 
 (14) NO RECOURSE
AGAINST OTHERS. A director, officer, employee, incorporator or stockholder of the Company or any of the Guarantors, as such, will not have any liability for any obligations of the Company or such
Guarantor under the Notes, the Subsidiary Guarantees or the 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. The waiver
and release are part of the consideration for the issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

(15) AUTHENTICATION. This Note will not be valid until authenticated by the manual
signature of the Trustee or an authenticating agent. 
 (16) 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). 
 (17) CUSIP NUMBERS. Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

  
 A1-8 

 The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests
may be made to: 
 Kellwood Company 
 600 Kellwood Parkway 

Chesterfield, Missouri 63017 
 Attention: Chief Financial Officer

 Facsimile: (314) 576-3439 

  
 A1-9 

 FORM OF SUBSIDIARY GUARANTEE 

For value received, the undersigned Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally,
unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 23, 2009 (the “Indenture”) among Kellwood Company, a Delaware corporation (the
“Company”), the Guarantors from time to time party thereto and Wells Fargo Bank National Association, as trustee (the “Trustee”), (a) the due and punctual
payment of the principal of, premium and interest on the Notes (as defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of and interest on the Notes,
if any, if lawful, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of
any Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the
Guarantors to the Holders of Notes and to the Trustee pursuant to the Subsidiary Guarantee and the Indenture are expressly set forth in Article 10 and Article 11 of the Indenture and reference is hereby made to the Indenture for the precise terms of
the Subsidiary Guarantee. Each Holder of a Note, by accepting the same agrees to and shall be bound by such provisions. 
  

			
	GUARANTOR:
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 A1-10 

 ASSIGNMENT FORM 

 

			
	To assign this Note, fill in the form below:
		
	(I) or (we) assign and transfer this Note to:	 	  

		 	(Insert assignee’s legal name)
	  

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

  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 

			
	
	and irrevocably appoint
                                        to
transfer this Note on the books of the Company. The agent may substitute another to act for him.

  

			
	Date:	 	  

  

			
	Your Signature:	 	  

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

  

			
	Signature Guarantee*:	 	  

  

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

  
 A1-11 

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

 ̈  Section 4.10           
           ̈  Section 4.15 
 If you want to elect
to have only part of the Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the Indenture, state the amount you elect to have purchased: 

$         
  

			
	Date:	 	  

  

			
	Your Signature:	 	  

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

 

			
	Tax Identification No.:	 	  

  

			
	Signature Guarantee*:	 	  

  

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

  
 A1-12 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another
Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	Amount of
decrease in
Principal
Amount of
this Global Note	  	Amount of
increase in
Principal
Amount of
this Global Note	  	Principal
Amount of this
Global Note
following such
decrease
(or increase)	  	Signature of
authorized
signatory of
Trustee or
Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A1-13 

 Exhibit A2 

Face of Regulation S Temporary Global Note 

 
 CUSIP/CINS
[            ] 
 $         

12 7/8% Second-Priority Senior Secured PIK Notes due 2014 

No.      
 KELLWOOD COMPANY

 promises to pay to CEDE & CO. or registered assigns, 
  

			
	the principal sum of	 	

 Dollars on December 31, 2014. 

Interest Payment Dates: January 15 and July 15 

Record Dates: January 1 and July 1 
 Dated:
[                 ], 2009 
  

			
	KELLWOOD COMPANY
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:
		
		 	(SEAL)

  

			
	This is one of the Notes referred to in the within-mentioned Indenture:
	
	WELLS FARGO BANK NATIONAL ASSOCIATION as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
  

  
 A2-1 

 Back of Regulation S Temporary Global Note 

12 7/8% Second-Priority Senior Secured PIK Notes due 2014 

[Regulations S Temporary Global Note Legend] 
 “THE RIGHTS
ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS
REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON.” 
 [Global Note Legend] 

“THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN
WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.” 

  
 A2-2 

 [Private Placement Legend] 

“THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES
FOR THE BENEFIT OF THE ISSUER THAT: 
 (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY 

(i) (a) TO A PERSON WHO IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 UNDER
THE SECURITIES ACT, (d) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF THE SECURITIES ACT (AN “INSTITUTIONAL ACCREDITED INVESTOR”)) THAT, PRIOR TO SUCH TRANSFER,
FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION
OF COUNSEL ACCEPTABLE TO THE ISSUER THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE
ISSUER SO REQUESTS), 
 (ii) TO THE ISSUER, OR 

(iii) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE
UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND 
 (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF
THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE.” 

  
 A2-3 

 [OID Legend] 

“THIS NOTE WILL BE ISSUED WITH ORIGINAL ISSUE DISCOUNT (“OID”) WITHIN THE MEANING OF SECTION 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED. THE HOLDER MAY CONTACT THE CHIEF FINANCIAL OFFICER OF THE COMPANY AT (314) 576-3125 TO RECEIVE A CALCULATION OF THE ISSUE PRICE OF THIS NOTE, THE ACTUAL DATE OF ISSUANCE, THE YIELD TO MATURITY AND THE AMOUNT OF OID ON THIS NOTE.”

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

(1) INTEREST. Kellwood Company, a Delaware corporation (the
“Company”), promises to pay interest on the principal amount of this Note as follows: 
 The Company
shall pay interest on the Notes semi-annually in arrears on January 15 and July 15 of each year (each, an “Interest Payment Date”). 

The first Interest Payment Date shall be January 15, 2010. Subject to paragraph 13 below, Interest will accrue on the
Notes beginning on the Issue Date through and including the date on which the Notes are paid in full in cash at the rate of 12 7/8% per annum, and will be paid (i) in cash at a rate of 7 7/8% per annum (“Cash
Interest”); and (ii) at a rate of 5% per annum (“PIK Interest”), which interest will be payable either (x) with respect to Notes represented by Global Notes, by increasing the principal amount of
the Notes, or (y) with respect to Notes represented by Definitive Notes, by issuing Additional Notes, in either case with a principal amount equal to the PIK Interest accrued on the outstanding principal balance of the Notes for the applicable
interest period. 
 The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy
Law) on overdue principal from time to time on demand at the rate set forth in paragraph 13 below; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest from time to
time on demand as provided in paragraph 13 to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

Until this Regulation S Temporary Global Note is exchanged for one or more Regulation S Permanent Global Notes, the Holder
hereof shall not be entitled to receive payments of interest hereon; until so exchanged in full, this Regulation S Temporary Global Note shall in all other respects be entitled to the same benefits as other Notes under the Indenture. 

(2) METHOD OF PAYMENT. The Company will pay Cash Interest
and PIK Interest on the Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of business on the January 1 or July 1 next preceding the Interest Payment Date, even if such Notes are canceled
after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium and interest at the office or agency
of the Company maintained for such purpose within or without the City and State of New York, or, at the option of the Company, payment of 

  
 A2-4 

 
interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds will be required
with respect to principal of and interest and premium on all Global Notes and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. Such payment will be in such coin or currency of the
United States of America as at the time of payment is legal tender for payment of public and private debts. 
 (3)
PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank National Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may
change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

(4) INDENTURE AND SECURITY DOCUMENTS. The
Company issued the Notes under an Indenture dated as of July 23, 2009 (the “Indenture”) by and among the Company, the Guarantors from time to time party thereto and the Trustee. The terms of the Notes include those
stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the
Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are secured obligations
of the Company. The Notes are secured by a second-priority Lien in the Collateral granted to the Collateral Agent for the benefit of the Holders, as further described in the Indenture. 

(5) OPTIONAL REDEMPTION. At any time, the Company may on any one or more
occasions redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at a price equal to the principal amount outstanding under the Notes (including any Additional Notes issued in respect of interest payments) plus
accrued and unpaid interest on the Notes redeemed to the applicable redemption date (subject to the rights of Holders of the Notes on the relevant record date to receive interest due on the relevant interest payment date). Any redemption shall be
made pursuant to the provisions of Section 3.01 through 3.06 of the Indenture. 
 (6) MANDATORY
REDEMPTION. Except as set forth under Sections 3.09, 4.10 and 4.15 of the Indenture, the Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 

(7) REPURCHASE AT OPTION OF HOLDER. 

(a) If there is a Change of Control, each Holder of Notes will have the right to require the Company to repurchase all or any
part (equal to $1,000 or an integral multiple thereof) of that Holder’s Notes (a “Change of Control Offer”) at a purchase price in cash equal to 100% of the aggregate principal amount of Notes repurchased plus accrued
and unpaid interest to the date of purchase subject to the right of Noteholders on the relevant record date to receive interest due on the relevant interest payment date (the “Change of Control Payment”). Within 30 days
following any Change of Control, the 

  
 A2-5 

 
Company will mail a notice to each Holder describing the transaction or transactions that constitute the Change of Control and offering to repurchase Notes on the date specified in the notice,
which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”) and setting forth the procedures governing the Change of Control Offer as
required by the Indenture. 
 (b) Any Net Proceeds from Asset Sales that are not applied or invested as provided in
Section 4.10(b) of the Indenture will constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $10 million, the Company will commence an offer to all Holders of Notes and, at the option of the
Company (unless otherwise required by the terms thereof), all holders of other Indebtedness that is pari passu with the Notes (an “Asset Sale Offer”) pursuant to Section 3.09 of the Indenture to purchase the
maximum principal amount of Notes and other pari passu Indebtedness, if applicable, that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof plus accrued and unpaid
interest to the date of purchase, and will be payable in cash. If any Excess Proceeds remain after consummation of any Asset Sale Offer, the Company may use those Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the
aggregate principal amount of Notes and other pari passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and other pari passu Indebtedness to be purchased on a
pro rata basis. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. 
 (8)
NOTICE OF REDEMPTION. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its
registered address. 
 (9) DENOMINATIONS, TRANSFER,
EXCHANGE. The Notes are in registered form without coupons in minimum denominations of $1,000 and integral multiples of $1.00 in excess thereof, subject to the issuance of Additional Notes in respect of interest
payments, which may be issued in integral multiples of $1.00. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note selected for redemption,
except for the unredeemed portion of any Note being redeemed in part. Also, the Company need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record
date and the next succeeding Interest Payment Date. 
 This Regulation S Temporary Global Note is exchangeable in whole or in part for one or more Global
Notes only (i) on or after the termination of the 40-day restricted period (as defined in Regulation S) and (ii) upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by Article 2 of the
Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note. 

  
 A2-6 

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

(11) AMENDMENT, SUPPLEMENT AND WAIVER.
Subject to certain exceptions, the Indenture, the Subsidiary Guarantees or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes and any existing default or
compliance with any provision of the Indenture or the Notes may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes. Without the consent of any Holder of a Note, the Indenture, the Subsidiary
Guarantees or the Notes may be amended or supplemented to cure any ambiguity, defect or inconsistency, to provide for uncertificated Notes in addition to or in place of certificated Notes, to provide for the assumption of the Company’s
obligations to Holders of the Notes in case of a merger or consolidation, to make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights of any such Holder, to
comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the Trust Indenture Act, or to conform the text of the Indenture or the Notes to any provision of the Description of the Notes to the
extent that such provision in the Description of the Notes was intended to be a verbatim recitation of a provision of the Indenture, the Subsidiary Guarantees or the Notes. 

(12) DEFAULTS AND REMEDIES. Events of Default include:
(i) default for 30 days in the payment when due of interest on the Notes; (ii) default in payment when due (at maturity, upon redemption or otherwise) of the principal (including PIK Interest) of, or premium, if any, on the Notes;
(iii) failure by the Company or its Restricted Subsidiaries for 60 days after notice to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the outstanding Notes to comply with any
of the other agreements in the Indenture; (iv) default under any mortgage, indenture, or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its
Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries) whether such Indebtedness or guarantee now exists, or is created after the date of the Indenture, if that default: (a) is
caused by a failure to pay at final stated maturity (giving effect to any extension thereof) the principal amount of any Indebtedness prior to the expiration of the grace period provided in such Indebtedness (a “Payment
Default”); or (b) results in the acceleration of such Indebtedness prior to its express maturity, and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness
or the maturity of which has been so accelerated, aggregates $25.0 million or more; (v) failure by the Company or any of its Restricted Subsidiaries to pay final judgments aggregating in excess of $25.0 million, which judgments are
not paid, discharged or stayed for a period of 60 days after such judgments become final and non-appealable; (vi) except as permitted by the Indenture, any Subsidiary Guarantee (other than a Subsidiary Guarantee issued by a Guarantor that
is not a Significant Subsidiary) is held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or
disaffirm its obligations under its Subsidiary Guarantee (other 

  
 A2-7 

 
than a Subsidiary Guarantee issued by a Guarantor that is not a Significant Subsidiary); (vii) certain events of bankruptcy or insolvency described in the Indenture with respect to the
Company or any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken as a whole, would constitute a Significant subsidiary and (viii) any Event of Default under the Old Notes Indenture. If
any Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable. Notwithstanding the foregoing, in the case of an Event of
Default arising from certain events of bankruptcy or insolvency, all outstanding Notes will become due and payable without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to
certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event
of Default (except a Default or Event of Default relating to the payment of principal of, premium and interest on any Note) so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests
of the Holders of Notes. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or Event of Default and its
consequences under the Indenture except a continuing Default or Event of Default in the payment of interest on, or the principal of, the Notes. The Company is required to deliver to the Trustee annually a statement regarding compliance with the
Indenture, and the Company is required upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 

(13) DEFAULTED INTEREST. If the Company defaults in a payment of Cash
Interest or PIK Interest on the Notes, it will pay the defaulted interest in any lawful manner, which will be at a rate of an additional 1% per annum, plus, to the extent lawful, interest payable on the defaulted interest, to the Holders
thereof, as set forth in Section 2.12 of the Indenture. 
 (14) NO RECOURSE
AGAINST OTHERS. A director, officer, employee, incorporator or stockholder of the Company or any of the Guarantors, as such, will not have any liability for any obligations of the Company or such
Guarantor under the Notes, the Subsidiary Guarantees or the 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. The waiver
and release are part of the consideration for the issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

(15) AUTHENTICATION. This Note will not be valid until authenticated by the manual
signature of the Trustee or an authenticating agent. 
 (16) 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). 

  
 A2-8 

 (17) CUSIP NUMBERS. Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

Kellwood Company 
 600 Kellwood Parkway 

Chesterfield, Missouri 63017 
 Attention: Chief Financial Officer

 Facsimile: (314) 576-3439 

  
 A2-9 

 FORM OF GUARANTEE 

For value received, the undersigned Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally, unconditionally
guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 23, 2009 (the “Indenture”) among Kellwood Company, a Delaware corporation (the
“Company”), the Guarantors from time to time party thereto and Wells Fargo Bank National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal
of, premium and interest on the Notes (as defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of and interest on the Notes, if any, if lawful, and
the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Notes or any of such
other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders
of Notes and to the Trustee pursuant to the Subsidiary Guarantee and the Indenture are expressly set forth in Article 10 and Article 11 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Subsidiary Guarantee.
Each Holder of a Note, by accepting the same agrees to and shall be bound by such provisions. 
  

			
	GUARANTOR:
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 A2-10 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

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

		 	(Insert assignee’s legal name)

  
  

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

 
  

 
  

 
  

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

			
	Date:	 	  

  

			
	Your Signature:	 	  

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

  

			
	Signature Guarantee*:	 	  

  

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

  
 A2-11 

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

 ̈  Section 4.10           
          ̈  Section 4.15 
 If you want to elect
to have only part of the Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the Indenture, state the amount you elect to have purchased: 

$         
  

			
	Date:	 	  

  

			
	Your Signature:	 	  

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

  

			
	Tax Identification No.:	 	  

  

			
	Signature Guarantee*:	 	  

  

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

  
 A2-12 

 SCHEDULE OF EXCHANGES OF REGULATION S TEMPORARY GLOBAL NOTE 

The following exchanges of a part of this Regulation S Temporary Global Note for an interest in another Global Note, or of other Restricted Global Notes for
an interest in this Regulation S Temporary 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
Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A2-13 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 Kellwood
Company 
 600 Kellwood Parkway 
 Chesterfield, Missouri 63017

 Wells Fargo Bank National Association 
 230 West Monroe
Street, Suite 2900 
 Chicago, IL 60606 
 Attention: Corporate
Trust Services 
  

	 	Re:	12 7/8% Second-Priority Senior Secured PIK Notes due 2014 

 Reference is hereby made to the Indenture, dated as
of July 23, 2009 (the “Indenture”), by and among Kellwood Company, a Delaware corporation, as issuer (the “Company”), the Guarantors from time to time party thereto and Wells Fargo Bank National
Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                    , (the
“Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $         in such Note[s] or interests (the
“Transfer”), to                      (the “Transferee”), as further specified in Annex A hereto. In
connection with the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 

1.  ̈ Check if Transferee will take delivery of a beneficial interest in the Rule 144A Global Note or a
Definitive Note Pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor
hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believed and believes is purchasing the beneficial interest or Definitive Note for its own account, or for one
or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements
of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial
interest or Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Rule 144A Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 

2.  ̈ Check if Transferee will take delivery of a beneficial interest in the Temporary Regulation S
Global Note, the Regulation S Global Note or a Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby
further certifies that (i) 

  
 B-1 

 
the Transfer is not being made to a Person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor and any
Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such
Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of
Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the
Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or
Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Regulation S Global Note, the Temporary Regulation S Global Note and/or the Definitive Note and in the Indenture and the
Securities Act. 
 3.  ̈ Check if Transferee is an Institutional Accredited Investor that is not a QIB
which will take delivery of a beneficial interest in the Rule 501(a) Global Note or a Definitive Note. The Transfer is being effected other than pursuant to Rule 903 or Rule 904 under the Securities Act to an Institutional Accredited
Investor that is not a QIB and, accordingly, the Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believed and believes is an institutional
“accredited investor” within the meaning of Rule 501(a)(1), (2), (3), or (7) under the Securities Act that is not a QIB, that is purchasing for its own account or for the account of such an institutional “accredited
investor” that is not a QIB, in each case in a minimum principal amount of Notes of $250,000. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will
be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Rule 501(a) Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 

4.  ̈ Check and complete if Transferee will take delivery of a beneficial interest in the Definitive Note
pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in Restricted Global Notes and Restricted
Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies that (check one): 

(a)  ̈ such Transfer is being effected pursuant to and in accordance with Rule
144 under the Securities Act; 
 or 

(b)  ̈ such Transfer is being effected to the Company or a subsidiary thereof;

 or 
 (c)  ̈ such Transfer is being effected pursuant to an effective registration statement under the Securities Act. 

  
 B-2 

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

(Signature Page Follows) 

  
 B-3 

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

  

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Dated:	 	  

  
 B-4 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

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

 [CHECK ONE OF (a) OR (b)]

  

							
	(a)	  	 ̈	  	a beneficial interest in the:
				
		  	(i)	  	 ̈	  	Rule 144A Global Note (CUSIP             ), or
				
		  	(ii)	  	 ̈	  	Regulation S Global Note (CUSIP             ), or
				
		  	(iii)	  	 ̈	  	Rule 501(a) Global Note (CUSIP             ), or
			
	(b)	  	 ̈	  	a Restricted Definitive Note.

  

	2.	After the Transfer the Transferee will hold: 

 [CHECK ONE] 

 

							
	(a)	  	 ̈	  	a beneficial interest in the:
				
		  	(i)	  	 ̈	  	Rule 144A Global Note (CUSIP             ), or
				
		  	(ii)	  	 ̈	  	Regulation S Global Note (CUSIP             ), or
				
		  	(ii)	  	 ̈	  	Rule 501(a) Global Note (CUSIP             ), or
				
		  	(iii)	  	 ̈	  	Unrestricted Global Note (CUSIP             ); or
			
	(b)	  	 ̈	  	a Restricted Definitive Note; or
			
	(c)	  	 ̈	  	an Unrestricted Definitive Note,
	
	in accordance with the terms of the Indenture.

  
 B-5 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 Kellwood
Company 
 600 Kellwood Parkway 
 Chesterfield, Missouri 63017

 Wells Fargo Bank National Association 
 230 West Monroe
Street, Suite 2900 
 Chicago, IL 60606 
 Attention: Corporate
Trust Services 
  

	 	Re:	12 7/8% Second-Priority Senior Secured PIK Notes due 2014 

 (CUSIP
            ) 
 Reference is hereby made to the Indenture, dated as of July 23, 2009 (the
“Indenture”), by and among Kellwood Company, a Delaware corporation, as issuer (the “Company”), the Guarantors from time to time party thereto and Wells Fargo Bank National Association, as trustee.
Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                    , (the
“Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of $         in such Note[s] or interests (the
“Exchange”). In connection with the Exchange, the Owner hereby certifies that: 
 [CHECK ALL THAT APPLY] 

1. Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or Beneficial Interests
in an Unrestricted Global Note 
 (a)  ̈ Check if Exchange is from beneficial interest in a
Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note in an
equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions
applicable to the Global Notes and pursuant to and in accordance with the Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement
Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the
United States. 

  
 C-1 

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

2. Exchange of Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in
Restricted Global Notes 
 (a)  ̈ Check if Exchange is from beneficial interest in a Restricted
Global Note to Restricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby certifies that the
Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 

(b)  ̈ Check if Exchange is from Restricted Definitive Note to beneficial interest in a Restricted Global
Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE]  ̈ Rule 144A Global Note,
 ̈ 

  
 C-2 

 
Regulation S Global Note or  ̈ Rule 501(a) Global Note, with an equal principal amount, the Owner hereby certifies (i) the beneficial interest
is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the
Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 

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

 

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Dated:	 	  

  
 C-3 

 EXHIBIT D 

FORM OF SUBSIDIARY GUARANTEE 
 TO
BE DELIVERED BY SUBSEQUENT GUARANTORS 
 For value received, each Guarantor (which term includes any successor Person under the Indenture) has, jointly and
severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 23, 2009 (the “Indenture”) among Kellwood Company (the
“Company”), the Guarantors listed on the signature pages thereto and Wells Fargo Bank National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the
principal of, premium and interest on the Notes (as defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of and interest on the Notes, if any, if
lawful, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Notes or
any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Guarantors to
the Holders of Notes and to the Trustee pursuant to this Subsidiary Guarantee and the Indenture are expressly set forth in Article 10 and Article 11 of the Indenture and reference is hereby made to the Indenture for the precise terms of this
Subsidiary Guarantee. Each Holder of a Note, by accepting the same, agrees to and shall be bound by such provisions. 
  

			
	KELLWOOD COMPANY
		
	By:	 	  

		 	Name:
		 	Title:
	
	[ADDITIONAL GUARANTORS]

  
 D-1 

 EXHIBIT E 

FORM OF SUPPLEMENTAL INDENTURE 
 TO
BE DELIVERED BY SUBSEQUENT GUARANTORS 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated
as of             , 200    , among                      (the
“Guaranteeing Subsidiary”), a subsidiary of Kellwood Company (or its permitted successor), a Delaware corporation (the “Company”), the Company, the other Guarantors (as defined in the Indenture
referred to herein) and Wells Fargo Bank National Association, as trustee under the indenture referred to below (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS, the Company has
heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of July 23, 2009 providing for the issuance of 12 7/8% Second-Priority Senior Secured PIK Notes due 2014 (the
“Notes”); 
 WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver
to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the
“Subsidiary Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which
is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 
 2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees as follows: 

(a) Along with all Guarantors named in the Indenture, to jointly and severally Guarantee to each Holder of a Note authenticated
and delivered by the Trustee and to the Trustee and its successors and assigns, the Notes or the obligations of the Company hereunder or thereunder, that: 

(i) the principal of, and premium, if any, and interest on the Notes will be promptly paid in full when due, whether at
maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder will be
promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

  
 E-1 

 (ii) in case of any extension of time of payment or renewal of any Notes or any
of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so
guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. 

(b) The obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes
or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or
any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. 
 (c) The
following is hereby waived: diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all
demands whatsoever. 
 (d) This Subsidiary Guarantee shall not be discharged except by complete performance of the
obligations contained in the Notes and the Indenture, and the Guaranteeing Subsidiary accepts all obligations of a Guarantor under the Indenture. 

(e) If any Holder or the Trustee is required by any court or otherwise to return to the Company, the Guarantors, or any
custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or such Holder, this Subsidiary Guarantee, to the extent theretofore discharged, shall be
reinstated in full force and effect. 
 (f) The Guaranteeing Subsidiary shall not be entitled to any right of subrogation in
relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. 

(g) As between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of
the obligations guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the
obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and payable) shall forthwith become due and payable by
the Guarantors for the purpose of this Subsidiary Guarantee. 

  
 E-2 

 (h) The Guarantors shall have the right to seek contribution from any non-paying
Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Subsidiary Guarantee. 

(i) Pursuant to Section 10.02 of the Indenture, after giving effect to any maximum amount and all other contingent and
fixed liabilities that are relevant under any applicable Bankruptcy or fraudulent conveyance laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in
respect of the obligations of such other Guarantor under Article 10 of the Indenture, this new Subsidiary Guarantee shall be limited to the maximum amount permissible such that the obligations of such Guarantor under this Subsidiary Guarantee will
not constitute a fraudulent transfer or conveyance. 
 3. EXECUTION AND DELIVERY. Each Guaranteeing Subsidiary
agrees that the Subsidiary Guarantees shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Subsidiary Guarantee. The Guaranteeing Subsidiary hereby ratifies, as of the date hereof, and agrees
to be bound by, all of the terms, provisions and conditions contained in that certain Second Lien Security Agreement, dated on or about the date hereof, by and among the Company, the Guarantors and the Collateral Agent (the “Security
Agreement”) and hereby agrees to execute a joinder to the Security Agreement in the form attached as Exhibit A thereto. The Guaranteeing Subsidiary acknowledges and confirms that it has received a copy of the Indenture, the Notes and
the Security Documents and the schedules and exhibits thereto. The Guaranteeing Subsidiary agrees that at any time and from time to time, upon the written request of the Collateral Agent or the Trustee, it will execute and deliver such further
documents and do such further acts as the Collateral Agent or the Trustee may reasonably request in accordance with the terms and conditions of the Security Agreement and the Indenture in order to effect the purposes of this Supplemental Indenture.

 4. GUARANTEEING SUBSIDIARY MAY CONSOLIDATE, ETC. ON
CERTAIN TERMS. 
 (a) The Guaranteeing Subsidiary may not sell or otherwise dispose of all
substantially all of its assets to, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or another Guarantor unless: 

(i) immediately after giving effect to such transaction, no Default or Event of Default exists; and 

(ii) either (A) subject to Section 11.04 and Section 11.05 of the Indenture, the Person acquiring the property
in any such sale or disposition or the Person formed by or surviving any such consolidation or merger unconditionally assumes all the obligations of that Guarantor, pursuant to a supplemental indenture in form and substance reasonably satisfactory
to the Trustee, under the Notes, the Indenture and the Subsidiary Guarantee on the terms set forth herein or therein; or (B) the Net Proceeds of such sale or other disposition are applied in accordance with the applicable provisions of the
Indenture, including without limitation, Section 4.10 thereof. 

  
 E-3 

 (b) In case of any such consolidation, merger, sale or conveyance and upon the
assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Subsidiary Guarantee endorsed upon the Notes and the due and punctual performance of all of the
covenants and conditions of the Indenture to be performed by the Guarantor, such successor Person shall succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person
thereupon may cause to be signed any or all of the Subsidiary Guarantees to be endorsed upon all of the Notes issuable under the Indenture which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Subsidiary
Guarantees so issued shall in all respects have the same legal rank and benefit under the Indenture as the Subsidiary Guarantees theretofore and thereafter issued in accordance with the terms of the Indenture as though all of such Subsidiary
Guarantees had been issued at the date of the execution hereof. 
 (c) Except as set forth in Articles 4 and 5 and
Section 11.05 of the Indenture, and notwithstanding clauses (a) and (b) above, nothing contained in the Indenture or in any of the Notes shall prevent any consolidation or merger of a Guarantor with or into the Company or another
Guarantor, or shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the Company or another Guarantor. 

5. RELEASES. 
 (a)
In the event of any sale or other disposition of all or substantially all of the assets of any Guarantor, by way of merger, consolidation or otherwise, or a sale or other disposition of all of the capital stock of any Guarantor, in each case to a
Person that is not (either before or after giving effect to such transaction) a Restricted Subsidiary of the Company, then such Guarantor (in the event of a sale or other disposition, by way of merger, consolidation or otherwise, of all of the
capital stock of such Guarantor) or the corporation acquiring the property (in the event of a sale or other disposition of all or substantially all of the assets of such Guarantor) will be released and relieved of any obligations under its
Subsidiary Guarantee; provided that the Net Proceeds of such sale or other disposition are applied in accordance with the applicable provisions of the Indenture, including without limitation Section 4.10 of the Indenture. Upon delivery
by the Company to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the effect that such sale or other disposition was made by the Company in accordance with the provisions of the Indenture, including without limitation
Section 4.10 of the Indenture, the Trustee shall execute any documents reasonably required in order to evidence the release of any Guarantor from its obligations under its Subsidiary Guarantee. 

  
 E-4 

 (b) Any Guarantor not released from its obligations under its Subsidiary
Guarantee shall remain liable for the full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under the Indenture as provided in Article 10 of the Indenture. 

6. NO RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or stockholder of the
Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, this Indenture, the Subsidiary Guarantees, or for any claim based on, in respect of, or by reason of, such obligations
or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the
federal securities laws. 
 7. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL
INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

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

  
 E-5 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested,
all as of the date first above written. 
 Dated:             , 20     

 

			
	[GUARANTEEING SUBSIDIARY]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	KELLWOOD COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	GUARANTORS
	
	[List names of existing Guarantors]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WELLS FARGO BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 E-6 

 EXHIBIT F 

INCUMBENCY CERTIFICATE 
 The undersigned,
                    , being the
                     of                      (the
“Company”) does hereby certify that the individuals listed below are qualified and acting officers of the Company 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                      , 20    , by and between the Company and Wells Fargo Bank National
Association. 
  

					
	 Name
	  	 Title
	  	 Signature

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

 IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate as of the      day of
            , 20    . 
  

			
	By:	 	  

		 	Name:
		 	Title:

  
 F-1EX-10.42

 Exhibit 10.42 

EXECUTION COPY 
  

 
 KELLWOOD COMPANY 

TO 
 UNION BANK OF CALIFORNIA,
N.A. 
 as Trustee 
  

 
 INDENTURE

 Dated as of 
 June 22,
2004 
  
  

3.50% Convertible Senior Debentures due 2034 
  

 

 CROSS-REFERENCE TABLE* 
  

					
	 Trust Indenture Act Section
	  	Indenture Section	 
		
	 §310(a)(1)
	  	 	8.09	  
	         (a)(2)
	  	 	8.09	  
	         (a)(3)
	  	 	N.A.	  
	         (a)(4)
	  	 	N.A.	  
	         (a)(5)
	  	 	N.A.	  
	         (b)
	  	 	8.08	  
	         (c)
	  	 	N.A.	  
	 §311(a)
	  	 	8.13	  
	         (b)
	  	 	8.13	  
	         (c)
	  	 	N.A.	  
	 §312(a)
	  	 	6.01; 6.02	  
	         (b)
	  	 	N.A.	  
	         (c)
	  	 	N.A.	  
	 §313(a)
	  	 	6.03	  
	         (b)
	  	 	N.A.	  
	         (c)
	  	 	6.03	  
	         (d)
	  	 	6.03	  
	 §314(a)
	  	 	6.04	  
	         (b)
	  	 	N.A.	  
	         (c)(1)
	  	 	16.05	  
	         (c)(2)
	  	 	16.05	  
	         (c)(3)
	  	 	N.A.	  
	         (d)
	  	 	N.A.	  
	         (e)
	  	 	16.05	  
	         (f)
	  	 	N.A.	  
	 §315(a)
	  	 	8.01; 8.02	  
	         (b)
	  	 	7.08	  
	         (c)
	  	 	7.06	  
	         (d)
	  	 	8.01; 806	  
	         (e)
	  	 	7.09	  
	 §316(a)(1)
	  	 	7.07	  
	         (a)(2)
	  	 	11.02	  
	         (b)
	  	 	N.A.	  
	         (c)
	  	 	9.01	  
	 §317(a)(1)
	  	 	7.02	  
	         (a)(2)
	  	 	7.02	  
	         (b)
	  	 	5.04	  
	 §318(a)
	  	 	16.08	  

 N.A. means not applicable. 
  

	*	This Cross-Reference Table shall not, for any purpose, be deemed to be part of this Indenture. 

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	PAGE	 
	
	ARTICLE 1	  
	DEFINITIONS	  
			
	 Section 1.01.
	 	 Definitions
	  	 	2	  
	
	ARTICLE 2	  
	ISSUE, DESCRIPTION, EXECUTION, REGISTRATION	  
	AND EXCHANGE OF DEBENTURES	  
			
	 Section 2.01.
	 	 Designation Amount and Issue of Debentures
	  	 	13	  
	 Section 2.02.
	 	 Form of Debentures
	  	 	13	  
	 Section 2.03.
	 	 Date and Denomination of Debentures; Payments of Interest
	  	 	14	  
	 Section 2.04.
	 	 Execution of Debentures
	  	 	16	  
	 Section 2.05.
	 	 Exchange and Registration of Transfer of Debentures; Restrictions on Transfer
	  	 	16	  
	 Section 2.06.
	 	 Mutilated, Destroyed, Lost or Stolen Debentures
	  	 	25	  
	 Section 2.07.
	 	 Temporary Debentures
	  	 	26	  
	 Section 2.08.
	 	 Cancellation of Debentures
	  	 	26	  
	 Section 2.09.
	 	 CUSIP Numbers
	  	 	27	  
	 Section 2.10.
	 	 Ranking
	  	 	27	  
	
	ARTICLE 3	  
	REDEMPTION AND REPURCHASE OF DEBENTURES	  
			
	 Section 3.01.
	 	 Company’s Right to Redeem
	  	 	27	  
	 Section 3.02.
	 	 Notice of Optional Redemption; Selection of Debentures
	  	 	28	  
	 Section 3.03.
	 	 Payment of Debentures Called for Redemption by the Company
	  	 	30	  
	 Section 3.04.
	 	 [Reserved]
	  	 	31	  
	 Section 3.05.
	 	 Repurchase of Debentures by the Company at Option of Holders upon a Fundamental Change
	  	 	31	  
	 Section 3.06.
	 	 Repurchase of Debentures by the Company at Option of Holders on Specified Dates
	  	 	33	  
	 Section 3.07.
	 	 [Reserved]
	  	 	36	  
	 Section 3.08.
	 	 Conditions and Procedures for Repurchase at Option of Holders
	  	 	36	  

							
	ARTICLE 4	  
	CONTINGENT INTEREST	  
			
	 Section 4.01.
	 	 Contingent Interest
	  	 	39	  
	 Section 4.02.
	 	 Payment of Contingent Interest
	  	 	40	  
	 Section 4.03.
	 	 Contingent Interest Notification
	  	 	40	  
	
	ARTICLE 5	  
	PARTICULAR COVENANTS OF THE COMPANY	  
			
	 Section 5.01.
	 	 Payment of Principal and Interest
	  	 	40	  
	 Section 5.02.
	 	 Maintenance of Office or Agency
	  	 	40	  
	 Section 5.03.
	 	 Appointments to Fill Vacancies in Trustee’s Office
	  	 	41	  
	 Section 5.04.
	 	 Provisions as to Paying Agent
	  	 	41	  
	 Section 5.05.
	 	 Existence
	  	 	42	  
	 Section 5.06.
	 	 Rule 144A Information Requirement
	  	 	42	  
	 Section 5.07.
	 	 Stay, Extension and Usury Laws
	  	 	43	  
	 Section 5.08.
	 	 Compliance Certificate
	  	 	43	  
	 Section 5.09.
	 	 Additional Amounts Notice
	  	 	44	  
	 Section 5.10.
	 	 Contingent Debt Tax Treatment
	  	 	44	  
	 Section 5.11.
	 	 Calculation of Original Issue Discount
	  	 	44	  
	
	ARTICLE 6	  
	DEBENTUREHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE
TRUSTEE	  
			
	 Section 6.01.
	 	 Debentureholders’ Lists
	  	 	45	  
	 Section 6.02.
	 	 Preservation and Disclosure of Lists
	  	 	45	  
	 Section 6.03.
	 	 Reports by Trustee
	  	 	45	  
	 Section 6.04.
	 	 Reports by Company
	  	 	46	  
	
	ARTICLE 7	  
	REMEDIES OF THE TRUSTEE AND DEBENTUREHOLDERS ON AN EVENT
OF DEFAULT	  
			
	 Section 7.01.
	 	 Events of Default
	  	 	46	  
	 Section 7.02.
	 	 Payments of Debentures on Default; Suit Therefor
	  	 	49	  
	 Section 7.03.
	 	 Application of Monies Collected by Trustee
	  	 	51	  
	 Section 7.04.
	 	 Proceedings by Debentureholder
	  	 	52	  
	 Section 7.05.
	 	 Proceedings by Trustee
	  	 	53	  
	 Section 7.06.
	 	 Remedies Cumulative and Continuing
	  	 	53	  
	 Section 7.07.
	 	 Direction of Proceedings and Waiver of Defaults by Majority of Debentureholders
	  	 	53	  
	 Section 7.08.
	 	 Notice of Defaults
	  	 	54	  
	 Section 7.09.
	 	 Undertaking to Pay Costs
	  	 	54	  

  
 ii 

							
	ARTICLE 8	  
	THE TRUSTEE	  
			
	 Section 8.01.
	 	 Duties and Responsibilities of Trustee
	  	 	55	  
	 Section 8.02.
	 	 Reliance on Documents, Opinions, Etc
	  	 	56	  
	 Section 8.03.
	 	 No Responsibility for Recitals, Etc
	  	 	58	  
	 Section 8.04.
	 	 Trustee, Paying Agents, Bid Solicitation Agents, Conversion Agents or Registrar May Own Debentures
	  	 	58	  
	 Section 8.05.
	 	 Monies to Be Held in Trust
	  	 	58	  
	 Section 8.06.
	 	 Compensation and Expenses of Trustee
	  	 	58	  
	 Section 8.07.
	 	 Officers’ Certificate as Evidence
	  	 	59	  
	 Section 8.08.
	 	 Conflicting Interests of Trustee
	  	 	59	  
	 Section 8.09.
	 	 Eligibility of Trustee
	  	 	59	  
	 Section 8.10.
	 	 Resignation or Removal of Trustee
	  	 	60	  
	 Section 8.11.
	 	 Acceptance by Successor Trustee
	  	 	61	  
	 Section 8.12.
	 	 Succession by Merger
	  	 	62	  
	 Section 8.13.
	 	 Preferential Collection of Claims
	  	 	63	  
	
	ARTICLE 9	  
	THE DEBENTUREHOLDERS	  
			
	 Section 9.01.
	 	 Action by Debentureholders
	  	 	63	  
	 Section 9.02.
	 	 Proof of Execution by Debentureholders
	  	 	63	  
	 Section 9.03.
	 	 Who Are Deemed Absolute Owners
	  	 	63	  
	 Section 9.04.
	 	 Company-owned Debentures Disregarded
	  	 	64	  
	 Section 9.05.
	 	 Revocation of Consents, Future Holders Bound
	  	 	64	  
	
	ARTICLE 10	  
	MEETINGS OF DEBENTUREHOLDERS	  
			
	 Section 10.01.
	 	 Purpose of Meetings
	  	 	65	  
	 Section 10.02.
	 	 Call of Meetings by Trustee
	  	 	65	  
	 Section 10.03.
	 	 Call of Meetings by Company or Debentureholders
	  	 	66	  
	 Section 10.04.
	 	 Qualifications for Voting
	  	 	66	  
	 Section 10.05.
	 	 Regulations
	  	 	66	  
	 Section 10.06.
	 	 Voting
	  	 	67	  
	 Section 10.07.
	 	 No Delay of Rights by Meeting
	  	 	67	  
	
	ARTICLE 11	  
	SUPPLEMENTAL INDENTURES	  
			
	 Section 11.01.
	 	 Supplemental Indentures Without Consent of Debentureholders
	  	 	67	  
	 Section 11.02.
	 	 Supplemental Indenture with Consent of Debentureholders
	  	 	69	  
	 Section 11.03.
	 	 Effect of Supplemental Indenture
	  	 	70	  

  
 iii 

							
	 Section 11.04.
	 	 Notation on Debentures
	  	 	71	  
	 Section 11.05.
	 	 Evidence of Compliance of Supplemental Indenture to Be Furnished to Trustee
	  	 	71	  
	
	ARTICLE 12	  
	CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE	  
			
	 Section 12.01.
	 	 Company May Consolidate on Certain Terms
	  	 	71	  
	 Section 12.02.
	 	 Successor to Be Substituted
	  	 	72	  
	 Section 12.03.
	 	 Opinion of Counsel to Be Given Trustee
	  	 	72	  
	
	ARTICLE 13	  
	SATISFACTION AND DISCHARGE OF INDENTURE	  
			
	 Section 13.01.
	 	 Discharge of Indenture
	  	 	73	  
	 Section 13.02.
	 	 Paying Agent to Repay Monies Held
	  	 	73	  
	 Section 13.03.
	 	 Return of Unclaimed Monies
	  	 	73	  
	
	ARTICLE 14	  
	IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND DIRECTORS	  
			
	 Section 14.01.
	 	 Indenture and Debentures Solely Corporate Obligations
	  	 	74	  
	
	ARTICLE 15	  
	CONVERSION OF DEBENTURES	  
			
	 Section 15.01.
	 	 Right to Convert
	  	 	74	  
	 Section 15.02.
	 	 Exercise of Conversion Privilege; Issuance of Common Stock on Conversion; No Adjustment for Interest or Dividends
	  	 	78	  
	 Section 15.03.
	 	 Payment Upon Conversion; Cash Payments in Lieu of Fractional Shares
	  	 	80	  
	 Section 15.04.
	 	 Conversion Rate
	  	 	83	  
	 Section 15.05.
	 	 Adjustment of Conversion Rate
	  	 	84	  
	 Section 15.06.
	 	 Effect of Reclassification, Consolidation, Merger or Sale
	  	 	91	  
	 Section 15.07.
	 	 Taxes on Shares Issued
	  	 	92	  
	 Section 15.08.
	 	 Reservation of Shares, Shares to Be Fully Paid; Compliance with Governmental Requirements; Listing of Common Stock
	  	 	92	  
	 Section 15.09.
	 	 Responsibility of Trustee
	  	 	93	  
	 Section 15.10.
	 	 Notice to Holders Prior to Certain Actions
	  	 	94	  
	 Section 15.11.
	 	 Shareholder Rights Plan
	  	 	95	  
	
	ARTICLE 16	  
	MISCELLANEOUS PROVISIONS	  
			
	 Section 16.01.
	 	 Provisions Binding On Company’s Successors
	  	 	95	  
	 Section 16.02.
	 	 Official Acts By Successor Corporation
	  	 	95	  

  
 iv 

							
	 Section 16.03.
	 	 Addresses for Notices, Etc
	  	 	95	  
	 Section 16.04.
	 	 Governing Law
	  	 	96	  
	 Section 16.05.
	 	 Evidence of Compliance with Conditions Precedent, Certificates to Trustee
	  	 	96	  
	 Section 16.06.
	 	 Legal Holidays
	  	 	97	  
	 Section 16.07.
	 	 Company Responsible for Making Calculations
	  	 	97	  
	 Section 16.08.
	 	 Trust Indenture Act
	  	 	97	  
	 Section 16.09.
	 	 No Security Interest Created
	  	 	98	  
	 Section 16.10.
	 	 Benefits of Indenture
	  	 	98	  
	 Section 16.11.
	 	 Table of Contents, Headings, Etc
	  	 	98	  
	 Section 16.12.
	 	 Authenticating Agent
	  	 	98	  
	 Section 16.13.
	 	 Execution in Counterparts
	  	 	99	  
	 Section 16.14.
	 	 Severability
	  	 	99	  
		
	 Exhibit A Form of Debenture
	  	 	A-1	  

  
 v 

 INDENTURE 

INDENTURE dated as of June 22, 2004 between Kellwood Company, a Delaware corporation (hereinafter called the “Company”),
having its principal office at 600 Kellwood Parkway, Chesterfield, Missouri 63017, and Union Bank of California, N.A., as trustee hereunder (hereinafter called the “Trustee”). 

WITNESSETH: 
 WHEREAS, for
its lawful corporate purposes, the Company has duly authorized the issue of its 3.50% Convertible Senior Debentures due 2034 (hereinafter called the “Debentures”), in an aggregate Original Principal Amount not to exceed $180,000,000
(or up to $200,000,000 if the Initial Purchasers’ option set forth in the Purchase Agreement is exercised in full), and, to provide the terms and conditions upon which the Debentures are to be authenticated, issued and delivered, the Company
has duly authorized the execution and delivery of this Indenture; and 
 WHEREAS, the Debentures, the certificate of authentication to be
borne by the Debentures, a form of assignment, a form of fundamental change repurchase election, a form of Company repurchase election and a form of conversion notice to be borne by the Debentures are to be substantially in the forms hereinafter
provided for; and 
 WHEREAS, all acts and things necessary to make the Debentures, when executed by the Company and authenticated and
delivered by the Trustee or a duly authorized authenticating agent, as in this Indenture provided, the valid, binding and legal obligations of the Company, and to constitute this Indenture a valid agreement according to its terms, have been done and
performed, and the execution of this Indenture and the issue hereunder of the Debentures have in all respects been duly authorized, 
 NOW,
THEREFORE, THIS INDENTURE WITNESSETH: 
 That in order to declare the terms and conditions upon which the Debentures are, and are to be,
authenticated, issued and delivered, and in consideration of the premises and of the purchase and acceptance of the Debentures by the holders thereof, the Company covenants and agrees with the Trustee for the equal and proportionate benefit of the
respective holders from time to time of the Debentures (except as otherwise provided below), as follows: 

 ARTICLE 1 

DEFINITIONS 

Section 1.01. Definitions. The terms defined in this Section 1.01 (except as herein otherwise expressly provided or unless
the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section 1.01. All other terms used in this Indenture that are defined in the Trust
Indenture Act or which are by reference therein defined in the Securities Act (except as herein otherwise expressly provided or unless the context otherwise requires) shall have the meanings assigned to such terms in the Trust Indenture Act and in
the Securities Act as in force at the date of the execution of this Indenture. The words “herein”, “hereof”, “hereunder” and words of similar import refer to this Indenture as a whole and not to any
particular Article, Section or other Subdivision. The terms defined in this Article include the plural as well as the singular. 

“Accreted Principal Amount” means for any Debenture as of any date of determination, the sum of (i) the Original
Principal Amount of such Debenture and (ii) the portion of the excess of the Accreted Principal Amount at Stated Maturity of such Debenture over such Original Principal Amount which shall have been accreted thereon through such date, such
amount to be accreted on a daily basis at the Applicable Yield for such Debenture, compounded semiannually on each Interest Payment Date through the date of determination and computed on the basis of a 360-day year of twelve 30-day months. 

“Accreted Principal Amount at Stated Maturity” means $2,221.18 per $1,000 Original Principal Amount of Debentures unless, the
Debentures are earlier redeemed, purchased or converted. 
 “Additional Amounts” has the meaning specified for
“Additional Amounts” in Section 2(e) of the Registration Rights Agreement. 
 “Additional Amounts
Notice” has the meaning specified in Section 5.09. 
 “Additional Shares” has the meaning specified in Section
15.01(d). 
 “Adjustment Event” has the meaning specified in Section 15.05(l). 

“Agent Members” has the meaning specified in Section 2.05(b). 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control”, when used with respect to any specified Person means the power to direct or cause the direction of the management and
policies of such Person, directly or indirectly, 

  
 2 

 
whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the
foregoing. 
 “Applicable Five-Day Trading Period” means, with respect to any Contingent Interest Period as to which
Contingent Interest may be payable, the five Trading Days immediately preceding the first day of such Contingent Interest Period. 

“Applicable Yield” means (1) prior to June 15, 2011, 0% per annum, and (2) from and after June 15, 2011
and until June 14, 2034, a rate per annum equal to 3.50%. 
 “Bid Solicitation Agent” means such Person (other than
any Affiliate of the Company) as the Company may designate as Bid Solicitation Agent from time to time, and shall initially mean the Trustee. 

“Board of Directors” means the Board of Directors of the Company or a committee of such Board duly authorized to act for it
hereunder. 
 “Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on
which commercial banks are authorized or required by law, regulation or executive order to close in The City of New York or the city in which the Corporate Trust Office of the Trustee is located. 

“capital stock” of any Person means any and all shares (including ordinary shares or American Depositary Shares), interests,
participations or other equivalents however designated of corporate stock or other equity participations, including partnership interests, whether general or limited, of such Person and any rights (other than debt securities convertible or
exchangeable into an equity interest), warrants or options to acquire an equity interest in such Person. 
 “Cash Amount”
has the meaning specified in Section 15.03(a). 
 “Cash Settlement Averaging Period” has the meaning specified in Section
15.03(a). 
 “Cash Settlement Notice Period” has the meaning specified in Section 15.03(a). 

“Commission” means the Securities and Exchange Commission, as from time to time constituted under the Exchange Act, or, if at
any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

  
 3 

 “Common Stock” means any stock of any class of the Company which has no
preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company and which is not subject to redemption by the Company. Subject to the provisions of
Section 15.06, however, shares issuable on conversion of Debentures shall include only shares of the class designated as common stock of the Company at the date of this Indenture (namely, the Common Stock, par value of $0.01 per share) or
shares of any class or classes resulting from any reclassification or reclassifications thereof and which have no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or
winding up of the Company and which are not subject to redemption by the Company; provided that if at any time there shall be more than one such resulting class, the shares of each such class then so issuable on conversion shall be
substantially in the proportion which the total number of shares of such class resulting from all such reclassifications bears to the total number of shares of all such classes resulting from all such reclassifications. 

“Company” means the corporation named as the “Company” in the first paragraph of this Indenture, and,
subject to the provisions of Article 12 and Section 15.06, shall include its successors and assigns. 
 “Company Repurchase
Date” has the meaning specified in Section 3.06(a). 
 “Company Repurchase Election” has the meaning specified in
Section 3.06(c). 
 “Company Repurchase Notice” has the meaning specified in Section 3.06(b). 

“Company Repurchase Price” has the meaning specified in Section 3.06(a). 

“Contingent Interest” has the meaning specified in Section 4.01. 

“Contingent Interest Period” means the period commencing on June 20, 2011 and ending December 14, 2011 and
thereafter any six-month period from December 15 to June 14 or from June 15 to December 14, commencing on or after December 15, 2011 and ending before June 15, 2034. 

“Continuing Director” means a director who was a member of the Board of Directors on the date of this Indenture or who
becomes a director subsequent to such date and whose election, appointment or nomination for election by the shareholders of the Company is duly approved by a majority of the continuing 

  
 4 

 
directors on the Board of Directors at the time of such approval, either by a specific vote or by approval of the proxy statement issued by the Company on behalf of the entire Board of Directors
in which such individual is named as nominee for director. 
 “Conversion Agent” means the Trustee or such other office or
agency designated by the Company where Debentures may be presented for conversion. 
 “Conversion Date” has the meaning
specified in Section 15.02. 
 “Conversion Obligation” has the meaning specified in Section 15.03(a). 

“Conversion Price” as of any day means the Accreted Principal Amount divided by the Conversion Rate as of such date and
rounded to the nearest cent. The initial Conversion Price shall initially be $53.35 per share of Common Stock. 
 “Conversion
Rate” has the meaning specified in Section 15.04. 
 “Conversion Retraction Period” has the meaning specified in
Section 15.03(a). 
 “Corporate Trust Office” or other similar term, means the designated office of the Trustee at which at
any particular time its corporate trust business as it relates to this Indenture shall be principally administered, which office is, at the date as of which this Indenture is dated, located at 120 S. San Pedro St., Suite 400, Los Angeles,
California, 90012 or at any other address as the Trustee may designate from time to time by notice to the holders. 

“Custodian” means Union Bank of California, N.A., as custodian with respect to the Debentures in global form, or any
successor entity thereto. 
 “Debenture” or “Debentures” means any Debenture or Debentures, as the case
may be, authenticated and delivered under this Indenture, including any Global Debenture. 
 “Debenture Register” has the
meaning specified in Section 2.05. 
 “Debenture Registrar” has the meaning specified in Section 2.05. 

“Debentureholder” or “holder” as applied to any Debenture, or other similar terms (but excluding the term
“beneficial holder”), means any Person in whose name at the time a particular Debenture is registered on the Debenture Registrar’s books. 

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

  
 5 

 “Defaulted Interest” has the meaning specified in Section 2.03. 

“Depositary” means the clearing agency registered under the Exchange Act that is designated to act as the Depositary for the
Global Debentures. The Depository Trust Company shall be the initial Depositary, until a successor shall have been appointed and become such pursuant to the applicable provisions of this Indenture, and thereafter, “Depositary” shall
mean or include such successor. 
 “Determination Date” has the meaning specified in Section 15.05(l). 

“Effective Date” has the meaning specified in Section 15.01(b). 

“Event of Default” means any event specified in Section 7.01 as an Event of Default. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder,
as in effect from time to time. 
 “Ex-Dividend Date” means, with respect to any issuance or distribution on shares of
Common Stock, the first date upon which a sale of the Common Stock does not automatically transfer the right to receive such issuance or distribution from the seller of the Common Stock to the buyer. 

“Expiration Time” has the meaning specified in Section 15.05(e). 

“Final Notice Date” has the meaning specified in Section 15.03(a). 

“Fundamental Change” means the occurrence of any of the following: 

(i) a “person” or “group” within the meaning of Section 13(d) of the Exchange Act other than the Company, its
subsidiaries or its or their employee benefit plans, files a Schedule TO or any other schedule, form or report under the Exchange Act disclosing that such person or group has become the direct or indirect ultimate “beneficial owner,” as
defined in Rule 13d-3 under the Exchange Act, of more than 50% of the total voting power of all shares of the Company’s capital stock that are entitled to vote generally in the election of directors; 

(ii) consummation of any share exchange, consolidation or merger of the Company or any sale, lease or other transfer in one transaction or a
series of transactions of all or substantially all of the consolidated assets of the Company and its subsidiaries, taken as a whole, to any person other than the Company or one or more of its subsidiaries pursuant to which the Common Stock will be
converted into cash, securities or other property; provided, however, that a transaction where the holders of the Company’s voting capital stock immediately prior to such transaction have, directly or indirectly, more than 50% of the

  
 6 

 
aggregate voting power of all shares of capital stock of the continuing or surviving corporation or transferee entitled to vote generally in the election of directors immediately after such event
shall not be a Fundamental Change; 
 (iii) Continuing Directors cease to constitute at least a majority of the Board of Directors; 

(iv) the shareholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company; or 

(v) the Common Stock or other common stock into which the Debentures are convertible is neither listed for trading on a U.S. national
securities exchange nor approved for trading on the Nasdaq National Market or another established automated over the-counter trading market in the United States. 

A Fundamental Change will not be deemed to have occurred in respect of any of the foregoing, however, if at least 90% of the consideration,
excluding cash payments for fractional shares, in the transaction or transactions constituting the Fundamental Change consists of shares of capital stock traded on a national securities exchange or quoted on the Nasdaq National Market or which will
be so traded or quoted when issued or exchanged in connection with a Fundamental Change (these securities being referred to as “publicly traded securities”) and as a result of this transaction or transactions the Debentures become
convertible into such publicly traded securities, excluding cash payments for fractional shares. 
 “Fundamental Change Repurchase
Date” has the meaning specified in Section 3.05(a). 
 “Fundamental Change Repurchase Election” has the meaning
specified in Section 3.05(c)(i). 
 “Fundamental Change Repurchase Notice” has the meaning specified in Section 3.05(b).

 “Fundamental Change Repurchase Price” has the meaning provided in Section 3.05(a). 

“Global Debenture” has the meaning specified in Section 2.02. 

“Indenture” means this instrument as originally executed or, if amended or supplemented as herein provided, as so amended or
supplemented. 
 “Initial Purchasers” means each of J.P. Morgan Securities Inc., Banc of America Securities LLC, Scotia
Capital (USA) Inc., Piper Jaffray & Co., Lazard Frères & Co. LLC, and UBS Securities LLC (each an “Initial Purchaser”). 

  
 7 

 “Interest” means, when used with reference to the Debentures, any regular
interest payable under the terms of the Debentures, including Contingent Interest, if any, and Additional Amounts, if any, payable under the terms of the Registration Rights Agreement. 

“Interest Payment Date” means June 15 and December 15 of each year, commencing December 15, 2004. 

“Last Reported Sale Price” of the Common Stock on any date means the closing sale price per share (or if no closing sale
price is reported, the average of the bid and asked prices or, if more than one in either case, the average of the average bid and the average asked prices) on that date as reported in composite transactions for the principal U.S. securities
exchange on which the Common Stock is traded or, if the Common Stock is not listed on a U.S. national or regional securities exchange, as reported by the Nasdaq National Market. If the Common Stock is not listed for trading on a U.S. national or
regional securities exchange and not reported by the Nasdaq National Market on the relevant date, the “Last Reported Sale Price” will be the last quoted bid price for the Common Stock in the over-the-counter market on the relevant date as
reported by the National Quotation Bureau Incorporated or similar organization. If the Common Stock is not so quoted, the “Last Reported Sale Price” will be the average of the mid-point of the last bid and asked prices for the Common Stock
on the relevant date quoted by each of at least three nationally recognized independent investment banking firms selected by the Company for this purpose. 

“non-electing share” has the meaning specified in Section 15.06. 

“Officers’ Certificate”, when used with respect to the Company, means a certificate signed by any two of the Chairman of
the Board, the Chief Executive Officer, the Chief Operating Officer, the President, the Chief Financial Officer, any Vice President (whether or not designated by a number or numbers or word or words added before or after the title “Vice
President”), the Treasurer or the Secretary of the Company; provided that the Officers’ Certificate delivered on the date hereof pursuant to Section 16.05 may be signed by any one of the foregoing. 

“Opinion of Counsel” means an opinion in writing signed by legal counsel, who may be an employee of or counsel to the
Company, or other counsel reasonably acceptable to the Trustee. 
 “Original Principal Amount” of a Debenture means the
stated Original Principal Amount as set forth on the face of such Debenture. 
 “Outstanding”, when used with reference to
Debentures and subject to the provisions of Section 9.04, means, as of any particular time, all Debentures authenticated and delivered by the Trustee under this Indenture, except: 

(a) Debentures theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 

  
 8 

 (b) Debentures, or portions thereof, (i) for the redemption of which monies in the necessary
amount shall have been deposited in trust with the Trustee or with any Paying Agent (other than the Company) or (ii) which shall have been otherwise defeased in accordance with Article 13; 

(c) Debentures in lieu of which, or in substitution for which, other Debentures shall have been authenticated and delivered pursuant to the
terms of Section 2.06; and 
 (d) Debentures converted into Common Stock, cash or a combination of cash and Common Stock pursuant to
Article 15 and Debentures deemed not outstanding pursuant to Article 3. 
 “Paying Agent” means the Trustee or such other
office or agency designated by the Company where Debentures may be presented for payment. 
 “Person” means a corporation,
an association, a partnership, a limited liability company, an individual, a joint venture, a joint stock company, a trust, an unincorporated organization or a government or an agency or a political subdivision thereof. 

“Portal Market” means The Portal Market operated by the National Association of Securities Dealers, Inc. or any successor
thereto. 
 “Predecessor Debenture” of any particular Debenture means every previous Debenture evidencing all or a portion
of the same debt as that evidenced by such particular Debenture, and, for the purposes of this definition, any Debenture authenticated and delivered under Section 2.06 in lieu of a lost, destroyed or stolen Debenture shall be deemed to evidence
the same debt as the lost, destroyed or stolen Debenture that it replaces. 
 “Principal Value Conversion” has the meaning
specified in Section 15.01(a)(iii). 
 “Purchase Agreement” means the Purchase Agreement, dated as of June 16, 2004
among the Company and the Initial Purchasers. 
 “Purchased Shares” has the meaning specified in Section 15.05(e). 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Redemption Date” has the meaning specified in Section 3.02(a). 

  
 9 

 “Redemption Notice” has the meaning specified in Section 3.02(a). 

“Redemption Price” has the meaning specified in Section 3.01. 

“Registration Rights Agreement” means the Registration Rights Agreement, dated as of June 22, 2004, among the Company
and the Initial Purchasers, as amended from time to time in accordance with its terms. 
 “Regular Record Date” means, with
respect to each Interest Payment Date, the close of business on the June 1 or December 1 next preceding such Interest Payment Date (whether or not a Business Day). 

“Repurchase Date” means the Fundamental Change Repurchase Date or the Company Repurchase Date, as applicable. 

“Repurchase Election” means the Fundamental Change Repurchase Election or the Company Repurchase Election, as applicable.

 “Repurchase Price” means the Fundamental Change Repurchase Price or the Company Repurchase Price, as applicable. 

“Responsible Officer” means, when used with respect to the Trustee, any officer of the Trustee within the Corporate Trust
Department (or any successor unit, department or division of the Trustee) located at the Corporate Trust Office of the Trustee who has direct responsibility for the administration of this Indenture and, for the purposes of Sections 7.08 and 8.01(b),
also means any other officer or person performing similar functions to whom any corporate trust matter is referred because of such person’s knowledge of any familiarity with the particular subject. 

“Restricted Securities” has the meaning specified in Section 2.05(c). 

“Rule 144A” means Rule 144A as promulgated under the Securities Act. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as in
effect from time to time. 
 “Special Record Date” has the meaning specified in Section 2.03. 

“Spin-Off” has the meaning specified in Section 15.05(c). 

“Spin-Off Market Price” per share of Common Stock of the Company or the capital stock of, or similar equity interests in, a
subsidiary or other business unit of the Company on any day means the average of the daily Last Reported Sale Price for the ten (10) consecutive Trading Days commencing on and including the fifth Trading Day after the Ex-Dividend Date with
respect to the issuance or distribution requiring such computation. 

  
 10 

 “Stated Maturity” means June 15, 2034. 

“Stock Price” means the price per share of Common Stock paid in connection with a corporate transaction described in
Section 15.01(b) hereof, which shall be equal to (i) if holders of Common Stock receive only cash in such corporate transaction, the cash amount paid per share of Common Stock and (ii) in all other cases, the average of the Last
Reported Sale Prices of Common Stock on the five Trading Days up to but not including the Effective Date. 
 “Stock Record
Date” means, with respect to any dividend, distribution or other transaction or event in which the holders of Common Stock have the right to receive any cash, securities or other property or in which the Common Stock (or other applicable
security) is exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of shareholders entitled to receive such cash, securities or other property (whether such date is fixed by the Board
of Directors or by statute, contract or otherwise). 
 “Subsidiary” means, with respect to any Person, (i) any
corporation, association or other business entity of which more than 50% of the total voting power of shares of capital stock or other equity interest entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time 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 (ii) any partnership (a) the sole
general partner or managing general partner of which is such Person or a subsidiary of such Person or (b) the only general partners of which are such Person or of one or more subsidiaries of such Person (or any combination thereof). 

“Tax Original Issue Discount” means the amount of ordinary interest income on a Debenture that must be accrued as original
issue discount for United States Federal income tax purposes pursuant to U.S. Treasury Regulation section 1.1275-4. 
 “Trading
Day” means a day during which trading in the Common Stock generally occurs and a closing price for the Common Stock is provided on the New York Stock Exchange or, if the Common Stock is not listed on the New York Stock Exchange, on the
principal other U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock
is then traded. 

  
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 “Trading Price” means, as of any date of determination, the average of the
secondary market bid quotations per $1,000 Original Principal Amount of Debentures obtained by the Bid Solicitation Agent for $1 million aggregate Original Principal Amount of Debentures at approximately 4:00 p.m., New York City time, on such
determination date from three nationally recognized securities dealers (none of which shall be an Affiliate of the Company) in The City of New York (or such other place that may be determined from time to time by the Company) selected by the
Company; provided, however, if (a) at least one such bid is not obtained by the Bid Solicitation Agent or (b) in the Company’s reasonable judgment, the bid quotations are not indicative of the secondary market value of
the Debentures as of such determination date, then the Trading Price per $1,000 Original Principal Amount of the Debentures for such determination date shall equal (1) the Conversion Rate as of such determination date, appropriately adjusted to
take into account the occurrence, during the period commencing on the first of such Trading Days during such five (5) Trading Day period and ending on such determination date, of any event described in Section 15.05 or Section 15.06,
multiplied by (2) the average Last Reported Sale Price of the Common Stock on the five (5) Trading Days ending on such determination date; provided however that for purposes of Section 15.01(a)(iii), if the Bid Solicitation
Agent cannot reasonably obtain at least one bid for $1 million aggregate Original Principal Amount of the Debentures from a nationally recognized securities dealer, or in the Company’s reasonable judgment, the bid quotations are not indicative
of the secondary market value of the Debentures, then the Trading Price per Debenture will be deemed to be less than 98% of the product of the Last Reported Sale Price of Common Stock and the Conversion Rate. The Bid Solicitation Agent shall solicit
bids from securities dealers that the Company believes to be willing to bid for Debentures. The Trading Price shall be determined by the Company. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as it was in force at the date of this Indenture,
except as provided in Sections 11.03 and 15.06; provided that if the Trust Indenture Act of 1939 is amended after the date hereof, the term “Trust Indenture Act” shall mean, to the extent required by such amendment, the Trust
Indenture Act of 1939 as so amended. 
 “Trustee” means Union Bank of California, N.A. and its successors and any
corporation resulting from or surviving any consolidation or merger to which it or its successors may be a party and any successor trustee at the time serving as successor trustee hereunder. 

  
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 ARTICLE 2 

ISSUE, DESCRIPTION, EXECUTION, REGISTRATION 

AND EXCHANGE OF DEBENTURES 

Section 2.01. Designation Amount and Issue of Debentures. The Debentures shall be designated as “3.50% Convertible Senior
Debentures due 2034”. Debentures not to exceed the aggregate Original Principal Amount of $180,000,000 (or up to $200,000,000 if the Initial Purchasers’ option set forth in the Purchase Agreement is exercised in full) (except pursuant
to Sections 2.05, 2.06, 3.05, 3.06 and 15.02 hereof) upon the execution of this Indenture, or from time to time thereafter, may be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate
and deliver said Debentures to or upon the written order of the Company, signed by its Chief Executive Officer, its President, its Chief Operating Officer or any Vice President (whether or not designated by a number or numbers or word or words added
before or after the title “Vice President”), without any further action by the Company hereunder. 
 Section 2.02. Form of
Debentures. The Debentures and the Trustee’s certificate of authentication to be borne by such Debentures shall be substantially in the form set forth in Exhibit A. The terms and provisions contained in the form of Debenture attached as
Exhibit A hereto shall constitute, and are hereby expressly made, a part of this Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions
and to be bound thereby. 
 Any of the Debentures may have such letters, numbers or other marks of identification and such notations,
legends, endorsements or changes as the officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this Indenture, or as may be required by the Custodian,
the Depositary or by the National Association of Securities Dealers, Inc. in order for the Debentures to be tradable on The Portal Market or as may be required for the Debentures to be tradable on any other market developed for trading of securities
pursuant to Rule 144A or as may be required to comply with any applicable law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Debentures may be
listed, or to conform to usage, or to indicate any special limitations or restrictions to which any particular Debentures are subject. 
 So
long as the Debentures are eligible for book-entry settlement with the Depositary, or unless otherwise required by law, or otherwise contemplated by Section 2.05(a), all of the Debentures will be represented by one or more Debentures in global
form registered in the name of the Depositary or the nominee of the Depositary (a “Global Debenture”). The transfer and exchange 

  
 13 

 
of beneficial interests in any such Global Debenture shall be effected through the Depositary in accordance with this Indenture and the applicable procedures of the Depositary. Except as provided
in Section 2.05(a), beneficial holders of a Global Debenture will not receive or be entitled to receive physical delivery of certificates in definitive form and will not be considered holders of such Global Debenture. 

Any Global Debenture shall represent such of the outstanding Debentures as shall be specified therein and shall provide that it shall
represent the aggregate Original Principal Amount of outstanding Debentures from time to time endorsed thereon and that the aggregate Original Principal Amount of outstanding Debentures represented thereby may from time to time be increased or
reduced to reflect redemptions, repurchases, conversions, transfers or exchanges permitted hereby. Any endorsement of a Global Debenture to reflect the amount of any increase or decrease in the Original Principal Amount of outstanding Debentures
represented thereby shall be made by the Trustee or the Custodian, at the direction of the Trustee, in such manner and upon instructions given by the holder of such Debentures in accordance with this Indenture. Payment of the Accreted Principal
Amount of and Interest on any Global Debenture shall be made to the holder of such Debenture. 
 Section 2.03. Date and Denomination
of Debentures; Payments of Interest. The Debentures shall be issuable in fully registered form without interest coupons in denominations of $1,000 Original Principal Amount and integral multiples thereof. Each Debenture shall be dated the
date of its authentication and shall bear Interest from the date specified on the face of the form of Debenture attached as Exhibit A hereto. Interest on the Debentures shall be computed on the basis of a 360-day year comprised of twelve 30-day
months. 
 The Person in whose name any Debenture (or its Predecessor Debenture) is registered on the Debenture Register at the close of
business on the Regular Record Date with respect to an Interest Payment Date (whether or not such day is a Business Day) shall be entitled to receive the Interest payable on such Interest Payment Date, except that the Interest payable upon
redemption or repurchase will be payable to the Person to whom the Accreted Principal Amount is payable pursuant to such redemption or repurchase (unless the Redemption Date or the Repurchase Date, as the case may be, is an Interest Payment Date, in
which case the semi-annual payment of interest becoming due on such date shall be payable to the holders of such Debentures registered as such on the applicable Regular Record Date). Notwithstanding the foregoing, if any Debenture (or portion
thereof) is converted into Common Stock, cash or a combination of cash and Common Stock during the period after a Regular Record Date to, but excluding, the next succeeding Interest Payment Date and such Debenture (or portion thereof) has been
called or tendered for redemption on a Redemption Date which occurs during such period, the Company shall not be required to pay interest on 

  
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such Interest Payment Date in respect of any such Debenture (or portion thereof), except as provided in Section 15.02. Interest shall be payable at the office of the Company maintained by
the Company for such purposes, which shall initially be an office or agency of the Trustee. The Company shall pay Interest (i) on any Debentures in certificated form by check mailed to the address of the Person entitled thereto as it appears in
the Debenture Register (or upon written notice, by wire transfer in immediately available funds, if such Person is entitled to Interest on Debentures with an aggregate Original Principal Amount in excess of $2,000,000) or (ii) on any Global
Debenture by wire transfer of immediately available funds to the account of the Depositary or its nominee. 
 Any Interest on any Debenture
which is payable, but is not punctually paid or duly provided for, on any June 15 or December 15 (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Debentureholder on the relevant Regular
Record Date by virtue of its having been such Debentureholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 

(1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Debentures (or their respective
Predecessor Debentures) are registered at the close of business on a “Special Record Date” for the payment of such Defaulted Interest, which shall be the date fixed in the following manner. The Company shall notify the Trustee in
writing of the amount of Defaulted Interest proposed to be paid on each Debenture and the date of the proposed payment (which shall be not less than twenty-five (25) days after the receipt by the Trustee of such notice, unless the Trustee shall
consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for
such deposit on or 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 fifteen (15) days and not less than ten (10) days prior to the date of the proposed payment, and not less than ten (10) days after the receipt by the
Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and
the Special Record Date therefor to be mailed, first-class postage prepaid, to each holder at his address as it appears in the Debenture Register, not less than ten (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 mailed, such Defaulted Interest shall be paid to the Persons in whose names the Debentures (or their respective Predecessor Debentures) are registered at the close of
business on such Special Record Date and shall no longer be payable pursuant to the following clause (2) of this Section 2.03. 

  
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 (2) The Company may make payment of any Defaulted Interest in any other lawful manner not
inconsistent with the requirements of any securities exchange or automated quotation system on which the Debentures may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system, if,
after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 

Section 2.04. Execution of Debentures. The Debentures shall be signed in the name and on behalf of the Company by the manual or
facsimile signature of its Chief Executive Officer, President, Chief Operating Officer or any Vice President (whether or not designated by a number or numbers or word or words added before or after the title “Vice President”). Only such
Debentures as shall bear thereon a certificate of authentication substantially in the form set forth on the form of Debenture attached as Exhibit A hereto, manually executed by the Trustee (or an authenticating agent appointed by the Trustee as
provided by Section 16.12), shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee (or such an authenticating agent) upon any Debenture executed by the Company shall be
conclusive evidence that the Debenture so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. 

In case any officer of the Company who shall have signed any of the Debentures shall cease to be such officer before the Debentures so signed
shall have been authenticated and delivered by the Trustee, or disposed of by the Company, such Debentures nevertheless may be authenticated and delivered or disposed of as though the person who signed such Debentures had not ceased to be such
officer of the Company, and any Debenture may be signed on behalf of the Company by such persons as, at the actual date of the execution of such Debenture, shall be the proper officers of the Company, although at the date of the execution of this
Indenture any such person was not such an officer. 
 Section 2.05. Exchange and Registration of Transfer of Debentures;
Restrictions on Transfer. (a) The Company shall cause to be kept at the Corporate Trust Office a register (the register maintained in such office and in any other office or agency of the Company designated pursuant to Section 5.02
being herein sometimes collectively referred to as the “Debenture Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Debentures and of transfers of
Debentures. The Debenture Register shall be in written form or in any form capable of being converted into written form within a reasonably prompt period of time. The 

  
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Trustee is hereby appointed “Debenture Registrar” for the purpose of registering Debentures and transfers of Debentures as herein provided. The Company may appoint one or more
co-registrars in accordance with Section 5.02. 
 Upon surrender for registration of transfer of any Debenture to the Debenture Registrar or
any co-registrar, and satisfaction of the requirements for such transfer set forth in this Section 2.05, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or
more new Debentures of any authorized denominations and of a like aggregate Original Principal Amount and bearing such restrictive legends as may be required by this Indenture. 

Debentures may be exchanged for other Debentures of any authorized denominations and of a like aggregate Original Principal Amount, upon
surrender of the Debentures to be exchanged at any such office or agency maintained by the Company pursuant to Section 5.02. Whenever any Debentures are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate
and deliver, the Debentures which the Debentureholder making the exchange is entitled to receive bearing registration numbers not contemporaneously outstanding. 

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

All Debentures presented or surrendered for registration of transfer or for exchange, redemption, repurchase or conversion shall (if so
required by the Company or the Debenture Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company, duly executed by the Debentureholder thereof or his attorney duly
authorized in writing. 
 No service charge shall be made to any holder for any registration of, transfer or exchange of Debentures, but the
Company may require payment by the holder of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Debentures. 

Neither the Company nor the Trustee nor any Debenture Registrar shall be required to exchange or register a transfer of (a) any
Debentures for a period of fifteen (15) days next preceding any selection of Debentures to be redeemed, (b) any Debentures or portions thereof called for redemption pursuant to Section 3.01 (c) any Debentures or portions thereof
surrendered for conversion pursuant to Article 15, (d) any Debentures or portions thereof tendered for repurchase (and not withdrawn) pursuant to Section 3.05 or (e) any Debentures or portions thereof tendered for repurchase (and not
withdrawn) pursuant to Section 3.06. 

  
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 (b) The following provisions shall apply only to Global Debentures: 

(i) Each Global Debenture authenticated under this Indenture shall be registered in the name of the Depositary or a nominee
thereof and delivered to such Depositary or a nominee thereof or Custodian therefor, and each such Global Debenture shall constitute a single Debenture for all purposes of this Indenture. 

(ii) Notwithstanding any other provision in this Indenture, no Global Debenture may be exchanged in whole or in part for
Debentures registered, and no transfer of a Global Debenture in whole or in part may be registered, in the name of any Person other than the Depositary or a nominee thereof unless (A) the Depositary (i) has notified the Company that it is
unwilling or unable to continue as Depositary for such Global Debenture and a successor depositary has not been appointed by the Company within ninety (90) days or (ii) has ceased to be a clearing agency registered under the Exchange Act,
(B) an Event of Default has occurred and is continuing, (C) the Company, in its sole discretion, notifies the Trustee in writing that it no longer wishes to have all the Debentures represented by Global Debentures or (D) any
beneficial holder reasonably requests such exchange on terms acceptable to the Company, the Trustee and the Depositary, which in the case of the Trustee may include, in the Trustee’s sole discretion, among other things, the requirement that
(i) the Trustee and any Debenture Registrar receive (a) from the Company or the Depositary, a written order, in either case requesting such exchange, and an Opinion of Counsel (which upon receipt thereof the Trustee and such Debenture
Registrar shall be fully protected in relying) to the effect that (x) all securities laws in connection with such exchange have been complied with and (y) such exchange is otherwise authorized or permitted by this Indenture; and
(b) from such beneficial holder (x) an affidavit as to its beneficial ownership interest in such Global Debenture and/or (y) an indemnity, reasonably satisfactory to the Trustee and such Debenture Registrar, against any loss,
liability or expense to the Trustee and such Debenture Registrar to the extent that the Trustee or Debenture Registrar acts upon such order, affidavit and/or indemnity; and (ii) such exchange can be accomplished in a manner that is practicable
and not inconsistent with the rules of any applicable Depositary or securities exchange upon which the Debentures may be listed for trading. Any Global Debenture exchanged pursuant to clause (A) or (B) above shall be so exchanged in whole
and not in part and any Global Debenture exchanged pursuant to clause (C) or (D) above may be exchanged in whole or from time to time in part as directed by the Company. Any Debenture issued in exchange

  
 18 

 
for a Global Debenture or any portion thereof shall be a Global Debenture; provided that any such Debenture so issued that is registered in the name of a Person other than the Depositary
or a nominee thereof shall not be a Global Debenture. 
 (iii) Debentures issued in exchange for a Global Debenture or any
portion thereof pursuant to clause (ii) above shall be issued in definitive, fully registered form, without interest coupons, shall have an aggregate Original Principal Amount equal to that of such Global Debenture or portion thereof to be so
exchanged, shall be registered in such names and be in such authorized denominations as the Depositary shall designate and shall bear any legends required hereunder. Any Global Debenture to be exchanged in whole shall be surrendered by the
Depositary to the Trustee, as Debenture Registrar. With regard to any Global Debenture to be exchanged in part, either such Global Debenture shall be so surrendered for exchange or, if the Trustee is acting as Custodian for the Depositary or its
nominee with respect to such Global Debenture, the Original Principal Amount thereof shall be reduced, by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Trustee. Upon any
such surrender or adjustment, the Trustee shall authenticate and make available for delivery the Debenture issuable on such exchange to or upon the written order of the Depositary or an authorized representative thereof. 

(iv) In the event of the occurrence of any of the events specified in clause (ii) above, the Company will promptly make
available to the Trustee a reasonable supply of certificated Debentures in definitive, fully registered form, without interest coupons. 

(v) Neither any members of, or participants in, the Depositary (“Agent Members”) nor any other Persons on
whose behalf Agent Members may act shall have any rights under this Indenture with respect to any Global Debenture registered in the name of the Depositary or any nominee thereof, and the Depositary or such nominee, as the case may be, may be
treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and holder of such Global Debenture for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the
Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members
and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a beneficial holder of any Debenture. 

  
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 (vi) At such time as all interests in a Global Debenture have been redeemed,
repurchased, converted, canceled or exchanged for Debentures in certificated form, such Global Debenture shall, upon receipt thereof, be canceled by the Trustee in accordance with standing procedures and instructions existing between the Depositary
and the Custodian. At any time prior to such cancellation, if any interest in a Global Debenture is redeemed, repurchased, converted, canceled or exchanged for Debentures in certificated form, the Original Principal Amount of such Global Debenture
shall, in accordance with the standing procedures and instructions existing between the Depositary and the Custodian, be appropriately reduced, and an endorsement shall be made on such Global Debenture, by the Trustee or the Custodian, at the
direction of the Trustee, to reflect such reduction. 
 (c) Every Debenture that bears or is required under this Section 2.05(c) to
bear the legend set forth in this Section 2.05(c) (together with any Common Stock issued upon conversion of the Debentures and required to bear the legend set forth in Section 2.05(d), collectively, the “Restricted
Securities”) shall be subject to the restrictions on transfer set forth in this Section 2.05(c) (including those set forth in the legend below) unless such restrictions on transfer shall be waived by written consent of the Company, and
the holder of each such Restricted Security, by such holder’s acceptance thereof, agrees to be bound by all such restrictions on transfer. As used in Section 2.05(c) and 2.05(d), the term “transfer” encompasses any sale,
pledge, loan, transfer or other disposition whatsoever of any Restricted Security or any interest therein. 
 Until the expiration of the
holding period applicable to sales thereof under Rule 144(k) under the Securities Act (or any successor provision), any certificate evidencing such Debenture (and all securities issued in exchange therefor or substitution thereof, other than Common
Stock, if any, issued upon conversion thereof, which shall bear the legend set forth in Section 2.05(d), if applicable) shall bear a legend in substantially the following form, unless such Debenture has been sold pursuant to a registration
statement that has been declared effective under the Securities Act (and which continues to be effective at the time of such transfer) or pursuant to Rule 144 under the Securities Act or any similar provision then in force, or unless otherwise
agreed by the Company in writing, with written notice thereof to the Trustee: 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE ‘‘SECURITIES ACT’’), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR
OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION 

  
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IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, (1) REPRESENTS THAT IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED
IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”)); (2) AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY OR ANY COMMON STOCK
ISSUABLE UPON CONVERSION OF SUCH SECURITY, PRIOR TO THE EXPIRATION OF THE HOLDING PERIOD APPLICABLE TO SALES OF THIS SECURITY UNDER RULE 144(k) UNDER THE SECURITIES ACT (OR ANY SUCCESSOR PROVISION), ONLY (A) TO KELLWOOD COMPANY (THE
“ISSUER”), (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT (AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER), (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR
RESALE PURSUANT TO RULE 144A, IN COMPLIANCE WITH RULE 144A TO A PERSON IT REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT
THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE
OR TRANSFER PURSUANT TO CLAUSE (D) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM; AND (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY IS
TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. THIS LEGEND WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF THIS SECURITY PURSUANT TO CLAUSE 2(B) ABOVE OR UPON ANY TRANSFER OF THIS SECURITY UNDER RULE 144 UNDER THE SECURITIES
ACT (OR ANY SUCCESSOR PROVISION). 
 FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THIS DEBENTURE IS BEING
ISSUED WITH ORIGINAL ISSUE DISCOUNT. THE ISSUE PRICE OF EACH DEBENTURE IS $1,000 PER $1,000 OF ORIGINAL PRINCIPAL AMOUNT, AND THE ISSUE DATE IS JUNE 22, 2004. IN ADDITION, THIS DEBENTURE IS SUBJECT TO UNITED STATES FEDERAL INCOME TAX REGULATIONS
GOVERNING CONTINGENT PAYMENT DEBT INSTRUMENTS. FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE, THE COMPARABLE YIELD OF THIS 

  
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DEBENTURE IS 7.65%, COMPOUNDED SEMI-ANNUALLY (WHICH WILL BE TREATED AS THE YIELD TO MATURITY FOR UNITED STATES FEDERAL INCOME TAX PURPOSES). 

THE ISSUER AGREES, AND BY ACCEPTING A BENEFICIAL OWNERSHIP INTEREST IN THIS DEBENTURE EACH HOLDER AND ANY BENEFICIAL OWNER OF THIS DEBENTURE WILL BE DEEMED TO
HAVE AGREED, FOR UNITED STATES FEDERAL INCOME TAX PURPOSES (1) TO TREAT THIS DEBENTURE AS A DEBT INSTRUMENT THAT IS SUBJECT TO TREAS. REG. SEC. 1.1275-4 (THE “CONTINGENT PAYMENT REGULATIONS”), (2) TO TREAT THE FAIR MARKET VALUE
OF ANY COMMON STOCK RECEIVED UPON ANY CONVERSION OF THIS DEBENTURE OR UPON A PURCHASE OF THIS DEBENTURE AT THE HOLDER’S OPTION AS A CONTINGENT PAYMENT FOR PURPOSES OF THE CONTINGENT PAYMENT REGULATIONS, AND (3) TO ACCRUE INTEREST WITH
RESPECT TO THE DEBENTURE AS ORIGINAL ISSUE DISCOUNT FOR UNITED STATES FEDERAL INCOME TAX PURPOSES ACCORDING TO THE “NONCONTINGENT BOND METHOD,” SET FORTH IN THE CONTINGENT PAYMENT REGULATIONS, AND TO BE BOUND BY THE ISSUER’S
DETERMINATION OF THE “COMPARABLE YIELD” AND “PROJECTED PAYMENT SCHEDULE,” WITHIN THE MEANING OF THE CONTINGENT PAYMENT REGULATIONS, WITH RESPECT TO THIS DEBENTURE. THE ISSUER AGREES TO PROVIDE PROMPTLY TO THE HOLDER OF THIS
DEBENTURE, UPON WRITTEN REQUEST, THE ISSUE PRICE, AMOUNT OF TAX ORIGINAL ISSUE DISCOUNT, ISSUE DATE, YIELD TO MATURITY, COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE. ANY SUCH WRITTEN REQUEST SHOULD BE SENT TO THE ISSUER AT THE FOLLOWING ADDRESS:
KELLWOOD COMPANY, 600 KELLWOOD PARKWAY, CHESTERFIELD, MISSOURI 63917, ATTN: TREASURER. 
 THE HOLDER OF THIS SECURITY IS ENTITLED TO THE BENEFITS OF A
REGISTRATION RIGHTS AGREEMENT DATED JUNE 22, 2004 AND, BY ITS ACCEPTANCE HEREOF, AGREES TO BE BOUND BY AND TO COMPLY WITH THE PROVISIONS OF SUCH REGISTRATION RIGHTS AGREEMENT. 

Any Debenture (or security issued in exchange or substitution therefor) as to which such restrictions on transfer shall have expired in
accordance with their terms or as to conditions for removal of the foregoing legend set forth therein have been satisfied may, upon surrender of such Debenture for exchange to the Debenture Registrar in accordance with the provisions of this
Section 2.05, be exchanged for a new Debenture or Debentures, of like tenor and aggregate Original Principal Amount, which shall not bear the restrictive legend required by this Section 2.05(c). If the Restricted Security surrendered for
exchange is 

  
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represented by a Global Debenture bearing the legend set forth in this Section 2.05(c), the Original Principal Amount of the legended Global Debenture shall be reduced by the appropriate
Original Principal Amount and the Original Principal Amount of a Global Debenture without the legend set forth in this Section 2.05(c) shall be increased by an equal Original Principal Amount. If a Global Debenture without the legend set forth
in this Section 2.05(c) is not then outstanding, the Company shall execute and the Trustee shall authenticate and deliver an unlegended Global Debenture to the Depositary. 

(d) Until the expiration of the holding period applicable to sales thereof under Rule 144(k) under the Securities Act (or any successor
provision), any stock certificate representing Common Stock issued upon conversion of any Debenture shall bear a legend in substantially the following form, unless such Common Stock has been sold pursuant to a registration statement that has been
declared effective under the Securities Act (and which continues to be effective at the time of such transfer) or pursuant to Rule 144 under the Securities Act or any similar provision then in force, or such Common Stock has been issued upon
conversion of Debentures that have been transferred pursuant to a registration statement that has been declared effective under the Securities Act or pursuant to Rule 144 under the Securities Act or any similar provision then in force, or unless
otherwise agreed by the Company in writing with written notice thereof to the transfer agent: 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE ‘‘SECURITIES ACT’’), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, (1) REPRESENTS THAT IT IS A
“QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”)); (2) AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR
OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE EXPIRATION OF THE HOLDING PERIOD APPLICABLE TO SALES OF THIS SECURITY UNDER RULE 144(k) UNDER THE SECURITIES ACT (OR ANY SUCCESSOR PROVISION), ONLY (A) TO KELLWOOD COMPANY (THE “ISSUER”),
(B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT (AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER), (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO
RULE 144A, IN COMPLIANCE WITH RULE 144A 

  
 23 

 
TO A PERSON IT REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR
TRANSFER PURSUANT TO CLAUSE (D) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM; AND (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED
A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. THIS LEGEND WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF THIS SECURITY PURSUANT TO CLAUSE 2(B) ABOVE OR UPON ANY TRANSFER OF THIS SECURITY UNDER RULE 144 UNDER THE SECURITIES ACT (OR ANY
SUCCESSOR PROVISION). 
 THE HOLDER OF THIS SECURITY IS ENTITLED TO THE BENEFITS OF A REGISTRATION RIGHTS AGREEMENT DATED JUNE 22, 2004 AND, BY ITS
ACCEPTANCE HEREOF, AGREES TO BE BOUND BY AND TO COMPLY WITH THE PROVISIONS OF SUCH REGISTRATION RIGHTS AGREEMENT. 
 Any such Common Stock
as to which such restrictions on transfer shall have expired in accordance with their terms or as to which the conditions for removal of the foregoing legend set forth therein have been satisfied may, upon surrender of the certificates representing
such shares of Common Stock for exchange in accordance with the procedures of the transfer agent for the Common Stock, be exchanged for a new certificate or certificates for a like number of shares of Common Stock, which shall not bear the
restrictive legend required by this Section 2.05(d). 
 (e) Any Debenture or Common Stock issued upon the conversion of a Debenture
that, prior to the expiration of the holding period applicable to sales thereof under Rule 144(k) under the Securities Act (or any successor provision), is purchased or owned by the Company or any Affiliate thereof may not be resold by the Company
or such Affiliate unless registered under the Securities Act or resold pursuant to an exemption from the registration requirements of the Securities Act in a transaction which results in such Debentures or Common Stock, as the case may be, no longer
being “restricted securities” (as defined under Rule 144). 
 The Trustee shall have no obligation or duty to monitor, determine
or inquire as to compliance with any restrictions on transfer imposed under this 

  
 24 

 
Indenture or under applicable law with respect to any transfer of any interest in any Debenture (including any transfers between or among Agent Members or beneficial holders of interests in any
Global Debenture) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements hereof. 
 Section 2.06. Mutilated, Destroyed, Lost or Stolen
Debentures. In case any Debenture shall become mutilated or be destroyed, lost or stolen, the Company in its discretion may execute, and upon its written request the Trustee or an authenticating agent appointed by the Trustee shall authenticate
and make available for delivery, a new Debenture, bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated Debenture, or in lieu of and in substitution for the Debenture so destroyed, lost or stolen. In
every case, the applicant for a substituted Debenture shall furnish to the Company, to the Trustee and, if applicable, to such authenticating agent such security or indemnity as may be required by them to save each of them harmless for any loss,
liability, cost or expense caused by or connected with such substitution, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company, to the Trustee and, if applicable, to such authenticating agent evidence to
their satisfaction of the destruction, loss or theft of such Debenture and of the ownership thereof. 
 Following receipt by the Trustee or
such authenticating agent, as the case may be, of satisfactory security or indemnity and evidence, as described in the preceding paragraph, the Trustee or such authenticating agent may authenticate any such substituted Debenture and make available
for delivery such Debenture. Upon the issuance of any substituted Debenture, the Company may require the payment by the holder of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in relation thereto and
any other expenses connected therewith. In case any Debenture which has matured or is about to mature or has been called for redemption or has been tendered for repurchase upon a Fundamental Change (and not withdrawn) or has been surrendered for
repurchase on a Repurchase Date (and not withdrawn) or is to be converted into Common Stock, cash or combination of cash and Common Stock shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute
Debenture, pay or authorize the payment of or convert or authorize the conversion of the same (without surrender thereof except in the case of a mutilated Debenture), as the case may be, if the applicant for such payment or conversion shall furnish
to the Company, to the Trustee and, if applicable, to such authenticating agent such security or indemnity as may be required by them to save each of them harmless from any loss, liability, cost or expense caused by or in connection with such
substitution, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company, the Trustee and, if applicable, any Paying Agent or Conversion Agent evidence to their satisfaction of the destruction, loss or theft of
such Debenture and of the ownership thereof. 

  
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 Every substitute Debenture issued pursuant to the provisions of this Section 2.06 by virtue
of the fact that any Debenture is destroyed, lost or stolen shall constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Debenture shall be found at any time, and shall be entitled to all the
benefits of (but shall be subject to all the limitations set forth in) this Indenture equally and proportionately with any and all other Debentures duly issued hereunder. To the extent permitted by law, all Debentures shall be held and owned upon
the express condition that the foregoing provisions are exclusive with respect to the replacement or payment or conversion or redemption or repurchase of mutilated, destroyed, lost or stolen Debentures and shall preclude any and all other rights or
remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment or conversion or redemption or repurchase of negotiable instruments or other securities without their surrender.

 Section 2.07. Temporary Debentures. Pending the preparation of Debentures in certificated form, the Company may execute and
the Trustee or an authenticating agent appointed by the Trustee shall, upon the written request of the Company, authenticate and deliver temporary Debentures (printed or lithographed). Temporary Debentures shall be issuable in any authorized
denomination, and substantially in the form of the Debentures in certificated form, but with such omissions, insertions and variations as may be appropriate for temporary Debentures, all as may be determined by the Company. Every such temporary
Debenture shall be executed by the Company and authenticated by the Trustee or such authenticating agent upon the same conditions and in substantially the same manner, and with the same effect, as the Debentures in certificated form. Without
unreasonable delay, the Company will execute and deliver to the Trustee or such authenticating agent Debentures in certificated form and thereupon any or all temporary Debentures may be surrendered in exchange therefor, at each office or agency
maintained by the Company pursuant to Section 5.02 and the Trustee or such authenticating agent shall authenticate and make available for delivery in exchange for such temporary Debentures an equal aggregate Original Principal Amount of
Debentures in certificated form. Such exchange shall be made by the Company at its own expense and without any charge therefor. Until so exchanged, the temporary Debentures shall in all respects be entitled to the same benefits and subject to the
same limitations under this Indenture as Debentures in certificated form authenticated and delivered hereunder. 
 Section 2.08.
Cancellation of Debentures. All Debentures surrendered for the purpose of payment, redemption, repurchase, conversion, exchange or registration of transfer shall, if surrendered to the Company or any Paying Agent or any Debenture Registrar or
any Conversion Agent, be surrendered to the 

  
 26 

 
Trustee and promptly canceled by it, or, if surrendered to the Trustee, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of
the provisions of this Indenture. The Trustee shall dispose of such canceled Debentures in accordance with its customary procedures. If the Company shall acquire any of the Debentures, such acquisition shall not operate as a redemption, repurchase
or satisfaction of the indebtedness represented by such Debentures unless and until the same are delivered to the Trustee for cancellation. 

Section 2.09. CUSIP Numbers. The Company in issuing the Debentures may use “CUSIP” or “ISIN”
numbers and/or similar numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” and/or “ISIN” numbers in notices of redemption as a convenience to Debentureholders; provided that any such
notice may state that no representation is made as to the correctness of such numbers either as printed on the Debentures or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed
on the Debentures, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee of any change in the “CUSIP” and/or similar numbers. 

Section 2.10. Ranking. The indebtedness of the Company arising under or in connection with this Indenture and every outstanding
Debenture issued under this Indenture from time to time constitutes and will constitute a direct, unsecured and unsubordinated general obligation of the Company, ranking equally with other existing and future unsecured and unsubordinated
Indebtedness of the Company and ranking senior in right of payment to any future Indebtedness of the Company that is expressly made subordinate to the Debentures by the terms of such Indebtedness. For purposes of this Section 2.10 only,
“Indebtedness” means, without duplication, the principal or face amount of (i) all obligations for borrowed money, (ii) all obligations evidenced by debentures, notes or other similar instruments, (iii) all
obligations in respect of letters of credit or bankers acceptances or similar instruments (or reimbursement obligations with respect thereto), (iv) all obligations to pay the deferred purchase price of property or services, (v) all
obligations as lessee which are capitalized in accordance with generally accepted accounting principles, and (vi) all Indebtedness of others guaranteed by the Company or for which the Company is legally responsible or liable (whether by
agreement to purchase indebtedness of, or to supply funds or to invest in, others). 
 ARTICLE 3 

REDEMPTION AND REPURCHASE OF DEBENTURES 

Section 3.01. Company’s Right to Redeem. Prior to June 20, 2011, the Debentures will not be redeemable at the
Company’s option. At any time on or 

  
 27 

 
after June 20, 2011 and prior to Stated Maturity, the Company, at its option, may redeem the Debentures, in whole or in part, in accordance with the provisions of Section 3.02,
Section 3.03 and Section 3.04 on the Redemption Date for a redemption price (the “Redemption Price”) in cash equal to 100% of the Accreted Principal Amount of the Debentures to be redeemed together in each case with
accrued and unpaid Interest on the Debentures redeemed to but excluding the Redemption Date. 
 Section 3.02. Notice of Optional
Redemption; Selection of Debentures. 
 (a) In case the Company shall desire to exercise the right to redeem all or, as the case
may be, any part of the Debentures pursuant to Section 3.01, it shall fix a date for redemption (the “Redemption Date”) and it or, at its written request received by the Trustee not fewer than forty-five (45) days prior
(or such shorter period of time as may be acceptable to the Trustee) to the Redemption Date, the Trustee in the name of and at the expense of the Company, shall mail or cause to be mailed a notice of such redemption (a “Redemption
Notice”) not fewer than thirty (30) nor more than sixty (60) days prior to the Redemption Date to each holder of Debentures so to be redeemed as a whole or in part at its last address as the same appears on the Debenture
Register; provided that if the Company shall give such notice, it shall also give written notice of the Redemption Date to the Trustee. Such mailing shall be by first class mail. The notice, if mailed in the manner herein provided, shall be
conclusively presumed to have been duly given, whether or not the holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the holder of any Debenture designated for redemption as a whole or in
part shall not affect the validity of the proceedings for the redemption of any other Debenture. Concurrently with the mailing of any such Redemption Notice, the Company shall issue a press release announcing such redemption, the form and content of
which press release shall be determined by the Company in its sole discretion. The failure to issue any such press release or any defect therein shall not affect the validity of the Redemption Notice or any of the proceedings for the redemption of
any Debenture called for redemption. 
 (b) Each such Redemption Notice shall specify the aggregate Original Principal Amount of Debentures
to be redeemed, the CUSIP, ISIN or similar number or numbers of the Debentures being redeemed, the Redemption Date (which shall be a Business Day), the Redemption Price at which Debentures are to be redeemed, the place or places of payment, that
payment will be made upon presentation and surrender of such Debentures, that Interest accrued to the Redemption Date will be paid as specified in said notice, and that on and after said date Interest thereon or on the portion thereof to be redeemed
will cease to accrue and the principal amount will cease to accrete. Such notice shall also state the current Conversion Rate and the date on which the right to convert such Debentures or portions thereof into Common Stock will expire. If fewer than
all 

  
 28 

 
the Debentures are to be redeemed, the Redemption Notice shall identify the Debentures to be redeemed (including CUSIP, ISIN or similar numbers, if any). In case any Debenture is to be redeemed
in part only, the Redemption Notice shall state the portion of the Original Principal Amount thereof to be redeemed and shall state that, on and after the Redemption Date, upon surrender of such Debenture, a new Debenture or Debentures in Original
Principal Amount equal to the unredeemed portion thereof will be issued. 
 (c) On or prior to the Redemption Date specified in the
Redemption Notice given as provided in this Section 3.02, the Company will deposit with the Trustee or with one or more Paying Agents (or, if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in
Section 5.04) an amount of money in immediately available funds sufficient to redeem on the Redemption Date all the Debentures (or portions thereof) so called for redemption (other than those theretofore surrendered for conversion into Common
Stock) at the appropriate Redemption Price; provided that if such payment is made on the Redemption Date it must be received by the Trustee or Paying Agent, as the case may be, by 10:00 a.m., New York City time, on such date. The Company
shall be entitled to retain any interest, yield or gain on amounts deposited with the Trustee or any Paying Agent pursuant to this Section 3.02(c) in excess of amounts required hereunder to pay the Redemption Price. Subject to the last sentence
of Section 8.05, if any Debenture called for redemption is converted pursuant hereto prior to such Redemption Date, any money deposited with the Trustee or any Paying Agent or so segregated and held in trust for the redemption of such Debenture
shall be paid to the Company upon its written request, or, if then held by the Company, shall be discharged from such trust. Whenever any Debentures are to be redeemed, the Company will give the Trustee written notice in the form of an
Officers’ Certificate not fewer than forty-five (45) days (or such shorter period of time as may be acceptable to the Trustee) prior to the Redemption Date as to the aggregate Original Principal Amount of Debentures to be redeemed. 

(d) If less than all of the outstanding Debentures are to be redeemed, the Trustee shall select the Debentures or portions thereof of the
Global Debenture or the Debentures in certificated form to be redeemed (in Original Principal Amounts of $1,000 or integral multiples thereof) by lot, on a pro rata basis or by another method the Trustee deems fair and appropriate. If any Debenture
selected for partial redemption is submitted for conversion in part after such selection, the portion of such Debenture submitted for conversion shall be deemed (so far as may be possible) to be from the portion selected for redemption. The
Debentures (or portions thereof) so selected shall be deemed duly selected for redemption for all purposes hereof, notwithstanding that any such Debenture is submitted for conversion in part before the mailing of the Redemption Notice. 

  
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 Upon any redemption of less than all of the outstanding Debentures, the Company and the Trustee
may (but need not), solely for purposes of determining the pro rata allocation among such Debentures as are unconverted and outstanding at the time of redemption, treat as outstanding any Debentures surrendered for conversion during the period of
fifteen (15) days next preceding the mailing of a Redemption Notice and may (but need not) treat as outstanding any Debenture authenticated and delivered during such period in exchange for the unconverted portion of any Debenture converted in
part during such period. 
 Section 3.03. Payment of Debentures Called for Redemption by the Company. If notice of redemption
has been given as provided in Section 3.02, the Debentures or portion of Debentures with respect to which such notice has been given shall, unless converted into Common Stock pursuant to the terms hereof, become due and payable on the
Redemption Date and at the place or places stated in such notice at the applicable Redemption Price, and on and after the Redemption Date (unless the Company shall default in the payment of the Redemption Price). Interest on the Debentures or
portion of Debentures so called for redemption shall cease to accrue and the principal amount of the Debentures will cease to accrete on and after the Redemption Date (unless the Company shall default in the payment of the Redemption Price) and
after the close of business on the second Business Day immediately preceding the Redemption Date, such Debentures shall cease to be convertible into Common Stock and, except as provided in Section 8.05, to be entitled to any benefit or security
under this Indenture, and the holders thereof shall have no right in respect of such Debentures except the right to receive the Redemption Price thereof. On presentation and surrender of such Debentures at a place of payment in said notice
specified, the said Debentures or the specified portions thereof shall be paid and redeemed by the Company at the applicable Redemption Price; provided that if the applicable Redemption Date is an Interest Payment Date, the Interest payable
on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such Debentures on the applicable record date instead of the holders surrendering such Debentures for redemption on such date. 

Upon presentation of any Debenture redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for
delivery to the holder thereof, at the expense of the Company, a new Debenture or Debentures, of authorized denominations, in Original Principal Amount equal to the unredeemed portion of the Debentures so presented. 

Notwithstanding the foregoing, the Trustee shall not redeem any Debentures or mail any Redemption Notice during the continuance of a default
in payment of Interest on the Debentures. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid or duly provided for, continue to bear interest at the rate borne by the
Debenture, compounded semi-annually, and such Debenture shall remain 

  
 30 

 
convertible into Common Stock, cash or a combination of cash and Common Stock until the Accreted Principal Amount and Interest shall have been paid or duly provided for. The Company will notify
all of the holders if the Company redeems any of the Debentures. 
 Section 3.04. [Reserved]. 

Section 3.05. Repurchase of Debentures by the Company at Option of Holders upon a Fundamental Change. 

(a) If a Fundamental Change shall occur at any time prior to Stated Maturity, each holder shall have the right, at such holder’s option,
to require the Company to repurchase for cash any or all of such holder’s Debentures, or any portion of the Original Principal Amount thereof that is equal to $1,000 or an integral multiple of $1,000, on the date specified in the Fundamental
Change Repurchase Notice, which date shall be no more than thirty (30) days after the date of the Fundamental Change Repurchase Notice (subject to extension to comply with applicable law) (the “Fundamental Change Repurchase
Date”). The Company shall repurchase such Debentures at a price (the “Fundamental Change Repurchase Price”) equal to 100% of the Accreted Principal Amount thereof plus any accrued and unpaid Interest to but excluding the
Fundamental Change Repurchase Date; provided that if the applicable Fundamental Change Repurchase Date is an Interest Payment Date, the Interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders
of record of such Debentures on the applicable record date instead of the holders surrendering such Debentures for repurchase on such date. 

(b) On or before the thirtieth (30th) day after the occurrence of a Fundamental
Change, the Company, or at its written request the Trustee in the name of and at the expense of the Company (which request must be received by the Trustee at least five (5) Business Days prior to the date the Trustee is requested to give notice
as described below, unless the Trustee shall agree to a shorter period), shall mail or cause to be mailed, by first class mail, to all holders of record on such date a notice (the “Fundamental Change Repurchase Notice”) of the
occurrence of such Fundamental Change and of the repurchase right at the option of the holders arising as a result thereof to each holder of Debentures at its last address as the same appears on the Debenture Register; provided that if the
Company shall give such notice, it shall also give written notice of the Fundamental Change to the Trustee and Paying Agent, if other than the Trustee, at such time as it is mailed to Debentureholders. Such notice, if mailed in the manner herein
provided, shall be conclusively presumed to have been duly given, whether or not the holder receives such notice. Each Fundamental Change Repurchase Notice shall state, among other things: 

(i) the events causing the Fundamental Change; 

  
 31 

 (ii) the date of the Fundamental Change; 

(iii) the last date on which a holder may exercise the repurchase right; 

(iv) the Fundamental Change Repurchase Price, excluding accrued and unpaid Interest, the applicable Conversion Rate at the time
of such notice (and any applicable adjustments to the Conversion Rate) and, to the extent known at the time of such notice, the amount of Interest that will be payable with respect to the Debentures on the Fundamental Change Repurchase Date; 

(v) the Fundamental Change Repurchase Date; 

(vi) the name and address of the Paying Agent and the Conversion Agent; 

(vii) that Debentures as to which a Fundamental Change Repurchase Election has been given by the holder may be converted only
if the election has been withdrawn by the holder in accordance with the terms of this Indenture; provided that the Debentures are otherwise convertible in accordance with Section 15.01; 

(viii) that the holder shall have the right to withdraw any Debentures surrendered prior to the close of business on the
Business Day immediately preceding the Fundamental Change Repurchase Date (or any such later time as may be required by applicable law); 

(ix) a description of the procedures which a Debentureholder must follow to exercise such repurchase right or to withdraw any
surrendered Debentures; 
 (x) the CUSIP, ISIN or similar number or numbers of the Debentures (if then generally in use); and

 (xi) briefly, the conversion rights of the Debentures. 

No failure of the Company to give the foregoing notices and no defect therein shall limit the Debentureholders’ repurchase rights or
affect the validity of the proceedings for the repurchase of the Debentures pursuant to this Section 3.05. 

  
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 (c) Debentures shall be repurchased pursuant to this Section 3.05 at the option of the
holder upon: 
 (i) delivery to the Trustee (or other Paying Agent appointed by the Company) by a holder of a duly completed
notice (a “Fundamental Change Repurchase Election”) in the form set forth on the reverse of the Debenture at any time prior to the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date
(subject to extension to comply with applicable law) stating: 
 (A) if certificated, the certificate numbers of the
Debentures which the holder shall deliver to be repurchased; 
 (B) the portion of the Original Principal Amount of the
Debentures that the holder shall deliver to be repurchased, which portion must be $1,000 or an integral multiple thereof; and 

(C) that such Debentures shall be repurchased as of the Fundamental Change Repurchase Date pursuant to the terms and
conditions specified in the Debentures and in the Indenture; and 
 (ii) delivery or book-entry transfer of the Debentures to
the Trustee (or other Paying Agent appointed by the Company) simultaneously with or at any time after delivery of the Fundamental Change Repurchase Election (together with all necessary endorsements) at the Corporate Trust Office of the Trustee (or
other Paying Agent appointed by the Company), such delivery or transfer being a condition to receipt by the holder of the Fundamental Change Repurchase Price therefor; provided that such Fundamental Change Repurchase Price shall be so paid pursuant
to this Section 3.05 only if the Debentures so delivered or transferred to the Trustee (or other Paying Agent appointed by the Company) shall conform in all respects to the description thereof in the related Fundamental Change Repurchase
Election. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Debenture for repurchase shall be determined by the Company, whose determination shall be final and binding absent manifest error. 

If the Debentures are not in certificated form, holders must provide notice of their election in accordance with the appropriate procedures of
the Depositary. 
 Section 3.06. Repurchase of Debentures by the Company at Option of Holders on Specified Dates. 

(a) On each of June 15, 2011, December 15, 2014, June 15, 2019, December 15, 2024 and June 15, 2029
(each, a “Company Repurchase Date”), each holder shall have the right, at such holder’s option, to require the Company to repurchase for cash all of such holder’s Debentures, or any portion of the

  
 33 

 
Original Principal Amount thereof that is an integral multiple of $1,000. The Company shall repurchase such Debentures at a price (the “Company Repurchase Price”) equal to 100%
of the Accreted Principal Amount thereof plus any accrued and unpaid Interest to but excluding the Company Repurchase Date; provided that if the applicable Company Repurchase Date is an Interest Payment Date, the Interest payable on such
Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such Debentures on the applicable record date instead of the holders surrendering such Debentures for repurchase on such date. 

(b) On or before the twentieth (20th) Business Day prior to each Company Repurchase
Date, the Company, or at its written request the Trustee in the name of and at the expense of the Company (which request must be received by the Trustee at least five (5) Business Days prior to the date the Trustee is requested to give notice
as described below, unless the Trustee shall agree to a shorter period), shall mail or cause to be mailed, by first class mail, to all holders of record on such date a notice (the “Company Repurchase Notice”) to each holder of
Debentures at its last address as the same appears on the Debenture Register, and to beneficial owners as required by applicable law; provided that if the Company shall give such notice, it shall also give written notice to the Trustee and
Paying Agent, if other than the Trustee, at such time as it is mailed to Debentureholders. Such notice, if mailed in the manner herein provided, shall be conclusively presumed to have been duly given, whether or not the holder receives such notice.
Each Company Repurchase Notice shall state, among other things: 
 (i) the Company Repurchase Price, excluding accrued and
unpaid Interest, the applicable Conversion Rate at the time of such notice (and any applicable adjustments to the Conversion Rate) and, to the extent known at the time of such notice, the amount of Interest that will be payable with respect to the
Debentures on the Company Repurchase Date; 
 (ii) the Company Repurchase Date; 

(iii) the last date on which a holder may exercise the repurchase right; 

(iv) the name and address of the Paying Agent and the Conversion Agent; 

(v) that Debentures as to which a Company Repurchase Election has been given by the holder may be converted only if the
election has been withdrawn by the holder in accordance with the terms of this Indenture; provided that the Debentures are otherwise convertible in accordance with Section 15.01; 

  
 34 

 (vi) that the holder shall have the right to withdraw any Debentures surrendered
prior to the close of business on the Business Day immediately preceding the Company Repurchase Date (or any such later time as may be required by applicable law); 

(vii) a description of the procedures which a Debentureholder must follow to exercise such repurchase right or to withdraw any
surrendered Debentures; 
 (viii) the CUSIP, ISIN or similar number or numbers of the Debentures (if then generally in use);
and 
 (ix) briefly, the conversion rights of the Debentures. 

No failure of the Company to give the foregoing notices and no defect therein shall limit the Debentureholders’ repurchase rights or
affect the validity of the proceedings for the repurchase of the Debentures pursuant to this Section 3.06. 
 (c) Debentures shall be
repurchased pursuant to this Section 3.06 at the option of the holder upon: 
 (i) delivery to the Trustee (or other
Paying Agent appointed by the Company) by a holder of a duly completed notice (a “Company Repurchase Election”) in the form set forth on the reverse of the Debenture at any time from the opening of business on the 20th Business Day preceding the Company Repurchase Date until the close of business on the Business Day immediately preceding the Company Repurchase Date stating: 

(A) if certificated, the certificate numbers of the Debentures which the holder shall deliver to be repurchased; 

(B) the portion of the Original Principal Amount of the Debentures that the holder shall deliver to be repurchased, which
portion must be $1,000 or an integral multiple thereof; and 
 (C) that such Debentures shall be repurchased as of the
Company Repurchase Date pursuant to the terms and conditions specified in the Debentures and in the Indenture; and 
 (ii)
delivery or book-entry transfer of the Debentures to the Trustee (or other Paying Agent appointed by the Company) simultaneously with or at any time after delivery of the Company Repurchase Election (together with all necessary endorsements) at the
Corporate Trust Office of the Trustee (or other Paying Agent appointed by 

  
 35 

 
the Company), such delivery or transfer being a condition to receipt by the holder of the Company Repurchase Price therefor; provided that such Company Repurchase Price shall be so paid
pursuant to this Section 3.06 only if the Debentures so delivered or transferred to the Trustee (or other Paying Agent appointed by the Company) shall conform in all respects to the description thereof in the related Company Repurchase
Election. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Debenture for repurchase shall be determined by the Company, whose determination shall be final and binding absent manifest error. 

If the Debentures are not in certificated form, holders must provide notice of their election in accordance with the appropriate procedures of
the Depositary. 
 Section 3.07. [Reserved]. 

Section 3.08. Conditions and Procedures for Repurchase at Option of Holders. 

(a) The Company shall repurchase from the holder thereof, pursuant to Section 3.05 or Section 3.06, a portion of a Debenture, if the
Original Principal Amount of such portion is $1,000 or a whole multiple of $1,000. Provisions of this Indenture that apply to the repurchase of all of a Debenture also apply to the repurchase of such portion of such Debenture. Upon presentation of
any Debenture repurchased in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debenture or Debentures, of any authorized denomination,
in aggregate Original Principal Amount equal to the portion of the Debentures presented not repurchased. 
 (b) On or prior to a Repurchase
Date, the Company will deposit with the Trustee or with one or more Paying Agents (or, if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in Section 5.04) an amount of money sufficient to
repurchase on the Repurchase Date all the Debentures or portions thereof to be repurchased on such date at the Repurchase Price; provided that if such deposit is made on the Repurchase Date it must be received by the Trustee or Paying Agent,
as the case may be, by 10:00 a.m., New York City time, on such date. 
 If the Trustee or other Paying Agent appointed by the Company, or
the Company or an Affiliate of the Company, if it or such Affiliate is acting as the Paying Agent, holds money sufficient to pay the aggregate Repurchase Price of all the Debentures or portions thereof that are to be repurchased on the day
immediately preceding the Repurchase Date, then, on and after such Repurchase Date (i) such Debentures will cease to be outstanding, (ii) Interest on such 

  
 36 

 
Debentures will cease to accrue, (iii) the principal will cease to accrete (whether or not book-entry transfer of the Debentures has been made or the Debentures have been delivered to the
Trustee or Paying Agent) and (iv) all other rights of the holders of such Debentures will terminate (other than the right to receive the Repurchase Price upon transfer or delivery of the Debentures). 

(c) Upon receipt by the Trustee (or other Paying Agent appointed by the Company) of a Repurchase Election, the holder of the Debenture in
respect of which such Repurchase Election was given shall (unless such notice is validly withdrawn) thereafter be entitled to receive solely the Repurchase Price with respect to such Debenture. Such Repurchase Price shall be paid to such holder,
subject to receipt of funds and/or Debentures by the Trustee (or other Paying Agent appointed by the Company), promptly (but in no event more than five (5) Business Days) following the later of (x) the Repurchase Date with respect to such
Debenture (provided the holder has satisfied the conditions in Section 3.05(c) or Section 3.06(c), as applicable) and (y) the time of book-entry transfer or delivery of such Debenture to the Trustee (or other Paying Agent appointed by
the Company) by the holder thereof in the manner required by Section 3.05(c) or Section 3.06(c), as applicable. Debentures in respect of which a Repurchase Election has been given by the holder thereof may not be converted pursuant to
Article 15 hereof on or after the date of the delivery of such Repurchase Election unless such notice has first been validly withdrawn. 

(d) Notwithstanding anything herein to the contrary, any holder delivering to the office of the Trustee (or other Paying Agent appointed by
the Company) a Repurchase Election shall have the right to withdraw such election, in whole or in part, at any time prior to the close of business on the Business Day preceding the Repurchase Date (or any such later time as may be required by
applicable law) by delivery of a written notice of withdrawal to the Trustee (or other Paying Agent appointed by the Company) specifying: 

(i) the Original Principal Amount of the Debenture with respect to which such notice of withdrawal is being submitted, and 

(ii) the certificate number, if any, of the Debenture in respect of which such notice of withdrawal is being submitted, or the
appropriate Depositary information if the Debenture in respect of which such notice of withdrawal is being submitted is represented by a Global Debenture, 

(iii) the Original Principal Amount, if any, of such Debenture which remains subject to the original Repurchase Election and
which has been or will be delivered for repurchase by the Company. 

  
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 If the Debentures are not in certificated form, holders must provide notice of their withdrawal
in accordance with the appropriate procedures of the Depositary. 
 The Trustee (or other Paying Agent appointed by the Company) shall
promptly notify the Company of the receipt by it of any Repurchase Election or written notice of withdrawal thereof. 
 (e) The Company will
comply with the provisions of Rule 13e-4 and any other tender offer rules under the Exchange Act to the extent then applicable in connection with the repurchase rights of the holders of Debentures in the event of a Fundamental Change or on any
Company Repurchase Date. If then required by applicable rules, the Company will file a Schedule TO or any other schedule required in connection with any offer by the Company to repurchase Debentures. 

(f) There shall be no repurchase of any Debentures pursuant to Section 3.05 or Section 3.06 if there has occurred at any time prior
to, and is continuing on, the Repurchase Date an Event of Default (other than an Event of Default that is cured by the payment of the Repurchase Price with respect to such Debentures). The Paying Agent will promptly return to the respective holders
thereof any Debentures (x) with respect to which a Repurchase Election has been withdrawn in compliance with this Indenture, or (y) held by it during the continuance of an Event of Default (other than a default in the payment of the
Repurchase Price with respect to such Debentures) in which case, upon such return, the Repurchase Election with respect thereto shall be deemed to have been withdrawn. 

(g) The Trustee (or other Paying Agent appointed by the Company) shall return to the Company any cash that remains unclaimed as provided in
Section 13.03, together with interest, if any, thereon, held by them for the payment of the Repurchase Price; provided that to the extent that the aggregate amount of cash deposited by the Company pursuant to Section 3.08(b) exceeds
the aggregate Repurchase Price of the Debentures or portions thereof which the Company is obligated to purchase as of the Repurchase Date then, unless otherwise agreed in writing with the Company, promptly after the Business Day following the
Repurchase Date, the Trustee shall return any such excess to the Company together with interest, if any, thereon. 
 (h) In the case of a
reclassification, change, consolidation, merger, binding share exchange, combination, sale or conveyance to which Section 15.06 applies, in which the Common Stock of the Company is changed or exchanged as a result into the right to receive
cash, securities or other property, which includes shares of Common Stock of the Company or shares of common stock of another Person that are, or upon issuance will be, traded on a United States national securities exchange or approved for trading
on an established automated over-the-counter trading market in the United States and such shares constitute at the time 

  
 38 

 
such change or exchange becomes effective in excess of 50% of the aggregate fair market value of such cash, securities or other property (as determined by the Company, which determination shall
be conclusive and binding), then the Person formed by such consolidation or resulting from such merger or which acquires such assets, as the case may be, shall execute and deliver to the Trustee a supplemental indenture (accompanied by an Opinion of
Counsel that such supplemental indenture complies with the Trust Indenture Act as in force at the date of execution of such supplemental indenture) modifying the provisions of this Indenture relating to the right of holders of the Debentures to
cause the Company to repurchase the Debentures following a Fundamental Change, including without limitation the applicable provisions of this Article 3 and the definition of Fundamental Change, as appropriate, as determined in good faith by the
Company (which determination shall be conclusive and binding), to make such provisions apply to such other Person if different from the Company (in lieu of the Company). 

ARTICLE 4 

CONTINGENT INTEREST 

Section 4.01. Contingent Interest. Additional interest (“Contingent Interest”) will accrue on each Debenture
during a Contingent Interest Period, beginning with the Contingent Interest Period commencing on June 20, 2011, if the average Trading Price of the Debentures during the Applicable Five-Day Trading Period immediately preceding the first day of
the applicable Contingent Interest Period equals or exceeds 130% of the Accreted Principal Amount of the Debentures. On any Interest Payment Date when Contingent Interest shall be payable, the amount of Contingent Interest payable with respect to
the Contingent Interest Period per $1,000 Original Principal Amount of Debentures shall equal 0.125% of the average Trading Price during the Applicable Five-Day Trading Period with respect to such Contingent Interest Period. 

The Trustee’s sole responsibility pursuant to this Section 4.01 shall be to obtain the bids for determining the Trading Price of the
Debentures for each Trading Day during the Applicable Five-Day Trading Period and to provide such information to the Company, to the extent that the Trustee is then the Bid Solicitation Agent. The Company shall determine the Trading Price and
whether holders are entitled to receive Contingent Interest, and if so, provide notice pursuant to Section 4.03. Notwithstanding any term contained in this Indenture or any other document to the contrary, the Trustee shall have no
responsibilities, duties or obligations for or with respect to (i) determining whether the Company must pay Contingent Interest or (ii) determining the amount of Contingent Interest, if any, payable by the Company. 

  
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 Section 4.02. Payment of Contingent Interest. Contingent Interest for any Contingent
Interest Period shall be paid on the immediately succeeding Interest Payment Date to the Person in whose name any Debenture (or its Predecessor Debenture) is registered on the Debenture Register at the close of business on the corresponding Regular
Record Date. Contingent Interest due under this Article 4 shall be treated for all purposes of this Indenture like any other interest accruing on the Debentures. 

Section 4.03. Contingent Interest Notification. 

(a) As soon as practicable following the first Business Day of a Contingent Interest Period for which Contingent Interest will be payable
pursuant to Section 4.01, the Company shall issue a press release stating that Contingent Interest will be paid on the Debentures and identifying such Contingent Interest Period and publish the information on its website on the World Wide Web.

 (b) On any Interest Payment Date on which Contingent Interest is payable pursuant to this Article 4, the Company shall deliver notice to
the Trustee, issue a press release stating the amount of such Contingent Interest and setting the forth the manner in which such amount was calculated and publish such information on its website on the World Wide Web. 

ARTICLE 5 

PARTICULAR COVENANTS OF THE COMPANY 

Section 5.01. Payment of Principal and Interest. The Company covenants and agrees that it will duly and punctually pay or cause to
be paid the Accreted Principal Amount of (including any Redemption Price or Repurchase Price pursuant to Article 3) and Interest on each of the Debentures at the places, at the respective times and in the manner provided herein and in the
Debentures. 
 Section 5.02. Maintenance of Office or Agency. The Company will maintain an office or agency in such cities as it
shall determine, the Debentures may be surrendered for registration of transfer or exchange or for presentation for payment or for conversion, redemption or repurchase and where notices and demands to or upon the Company in respect of the Debentures
and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency not designated or appointed by the Trustee. If at any time the Company 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. 

  
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 The Company may also from time to time designate co-registrars and one or more offices or
agencies where the Debentures may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will give prompt written notice of any such designation or rescission and of any change in
the location of any such other office or agency. 
 The Company hereby initially designates the Trustee as Paying Agent, Debenture
Registrar, Custodian, Bid Solicitation Agent and Conversion Agent, and each of the Corporate Trust Office and the office of agency of the Trustee shall be considered as one such office or agency of the Company for each of the aforesaid purposes.

 So long as the Trustee is the Debenture Registrar, the Trustee agrees to mail, or cause to be mailed, the notices set forth in
Section 8.10(a) and the third paragraph of Section 8.11. If co-registrars have been appointed in accordance with this Section, the Trustee shall mail such notices only to the Company and the holders of Debentures it can identify from its
records. 
 Section 5.03. Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever necessary to avoid or
fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 8.10, a Trustee, so that there shall at all times be a Trustee hereunder. 

Section 5.04. Provisions as to Paying Agent. (a) If the Company shall appoint a Paying Agent other than the Trustee, or if
the Trustee shall appoint such a Paying Agent, the Company will cause such Paying Agent to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 5.04: 

(1) that it will hold all sums held by it as such agent for the payment of the Accreted Principal Amount of or Interest on the
Debentures (whether such sums have been paid to it by the Company or by any other obligor on the Debentures) in trust for the benefit of the holders of the Debentures; 

(2) that it will give the Trustee notice of any failure by the Company (or by any other obligor on the Debentures) to make any
payment of the Accreted Principal Amount of or Interest on the Debentures when the same shall be due and payable; and 
 (3)
that at any time during the continuance of an Event of Default, upon request of the Trustee, it will forthwith pay to the Trustee all sums so held in trust. 

  
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 The Company shall, on or before each due date of the Accreted Principal Amount of or Interest on
the Debentures, deposit with the Paying Agent a sum (in funds which are immediately available on the due date for such payment) sufficient to pay such Accreted Principal Amount or Interest, and (unless such Paying Agent is the Trustee) the Company
will promptly notify the Trustee of any failure to take such action; provided that if such deposit is made on the due date, such deposit shall be received by the Paying Agent by 10:00 a.m., New York City time, on such date. 

(b) If the Company shall act as its own Paying Agent, it will, on or before each due date of the Accreted Principal Amount of or Interest on
the Debentures, set aside, segregate and hold in trust for the benefit of the holders of the Debentures a sum sufficient to pay such Accreted Principal Amount or Interest so becoming due and will promptly notify the Trustee of any failure to take
such action and of any failure by the Company (or any other obligor under the Debentures) to make any payment of the Accreted Principal Amount of or Interest on the Debentures when the same shall become due and payable. 

(c) Anything in this Section 5.04 to the contrary notwithstanding, the Company may, at any time, for the purpose of obtaining a
satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the Company or any Paying Agent hereunder as required by this Section 5.04, such sums to be held by the
Trustee upon the trusts herein contained and upon such payment by the Company or any Paying Agent to the Trustee, the Company or such Paying Agent shall be released from all further liability with respect to such sums. 

(d) Anything in this Section 5.04 to the contrary notwithstanding, the agreement to hold sums in trust as provided in this
Section 5.04 is subject to Sections 13.02 and 13.03. 
 The Trustee shall not be responsible for the actions of any other Paying Agents
(including the Company if acting as its own Paying Agent) and shall have no control of any funds held by such other Paying Agents. 

Section 5.05. Existence. Subject to Article 12, the Company will do or cause to be done all things necessary to preserve and keep
in full force and effect its existence and rights (charter and statutory); provided that the Company shall not be required to preserve any such right if the Company shall determine that the preservation thereof is no longer desirable in the
conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Debentureholders. 

Section 5.06. Rule 144A Information Requirement. Within the period prior to the expiration of the holding period applicable to
sales thereof under Rule 

  
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144(k) under the Securities Act (or any successor provision), the Company covenants and agrees that it shall, during any period in which it is not subject to Section 13 or 15(d) under the
Exchange Act, make available to any holder or beneficial holder of Debentures or any Common Stock issued upon conversion thereof which continue to be Restricted Securities in connection with any sale thereof and any prospective purchaser of
Debentures or such Common Stock designated by such holder or beneficial holder, the information required pursuant to Rule 144A(d)(4) under the Securities Act upon the request of any holder or beneficial holder of the Debentures or such Common Stock
and it will take such further action as any holder or beneficial holder of such Debentures or such Common Stock may reasonably request, all to the extent required from time to time to enable such holder or beneficial holder to sell its Debentures or
Common Stock without registration under the Securities Act within the limitation of the exemption provided by Rule 144A, as such Rule may be amended from time to time. Upon the request of any holder or any beneficial holder of the Debentures or such
Common Stock, the Company will deliver to such holder a written statement as to whether it has complied with such requirements. 

Section 5.07. Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it shall not
at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive the Company from paying all or any portion of the Accreted Principal
Amount of or Interest on the Debentures as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture and the Company (to the extent it may lawfully do so)
hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution
of every such power as though no such law had been enacted. 
 Section 5.08. Compliance Certificate. The Company shall deliver
to the Trustee, within one hundred twenty (120) days after the end of each fiscal year of the Company (which fiscal year of the Company is presently the twelve calendar months ending December 31), a certificate signed by either the
principal executive officer, principal financial officer or principal accounting officer of the Company, stating whether or not to the best knowledge of the signer thereof the Company is in default in the performance and observance of any of the
terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and the status thereof of
which the signer may have knowledge. 
 The Company will deliver to the Trustee, promptly upon becoming aware of (i) any default in the
performance or observance of any covenant, agreement or 

  
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condition contained in this Indenture, or (ii) any Event of Default, an Officers’ Certificate specifying with particularity such default or Event of Default and further stating what
action the Company has taken, is taking or proposes to take with respect thereto. 
 Any notice required to be given under this
Section 5.08 shall be delivered to a Responsible Officer of the Trustee at its Corporate Trust Office. 
 Section 5.09.
Additional Amounts Notice. In the event that the Company is required to pay Additional Amounts to holders of Debentures pursuant to the Registration Rights Agreement, the Company will provide written notice (“Additional Amounts
Notice”) to the Trustee of its obligation to pay Additional Amounts no later than fifteen (15) days prior to the proposed payment date for the Additional Amounts, and the Additional Amounts Notice shall set forth the amount of
Additional Amounts to be paid by the Company on such payment date. The Trustee shall not at any time be under any duty or responsibility to any holder of Debentures to determine the Additional Amounts, or with respect to the nature, extent or
calculation of the amount of Additional Amounts when made, or with respect to the method employed in such calculation of the Additional Amounts. 

Section 5.10. Contingent Debt Tax Treatment. The Company agrees and, by acceptance of a Debenture, each beneficial holder of a
Debenture will be deemed to have agreed to treat the Debentures as indebtedness of the Company for U.S. federal income tax purposes that are subject to the regulations governing contingent payment debt instruments and to be bound (in the absence of
an administrative determination or judicial ruling to the contrary) by the Company’s determination of the comparable yield and projected payment schedule within the meaning of the regulations governing contingent payment debt instruments. A
holder of Debentures may obtain the amount of original issue discount, issue date, yield to maturity, comparable yield and projected payment schedule for the Debentures, determined by the Company pursuant to Treas. Reg. Sec. 1.1275-4, by submitting
a written request for it to the Company at the following address: Kellwood Company, 600 Kellwood Parkway, Chesterfield, Missouri 63017, Attention: Treasurer. 

Section 5.11. Calculation of Original Issue Discount. The Company shall file with the Trustee promptly at the end of each calendar
year (i) a written notice specifying the amount of Tax Original Issue Discount (including daily rates and accrual periods) accrued on outstanding Debentures as of the end of such year and (ii) such other specific information relating to
such Tax Original Issue Discount as may then be required under the Internal Revenue Code of 1986, as amended from time to time, or the Treasury regulations promulgated thereunder. 

  
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 ARTICLE 6 

DEBENTUREHOLDERS’ LISTS AND REPORTS BY THE
COMPANY AND THE TRUSTEE 
 Section 6.01. Debentureholders’
Lists. The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee, semiannually, not more than fifteen (15) days after each June 1 and December 1 in each year beginning with December 1,
2004, and at such other times as the Trustee may request in writing, within thirty (30) days after receipt by the Company of any such request (or such lesser time as the Trustee may reasonably request in order to enable it to timely provide any
notice to be provided by it hereunder), a list in such form as the Trustee may reasonably require of the names and addresses of the holders of Debentures as of a date not more than fifteen (15) days (or such other date as the Trustee may
reasonably request in order to so provide any such notices) prior to the time such information is furnished, except that no such list need be furnished by the Company to the Trustee so long as the Trustee is acting as the sole Debenture Registrar.

 Section 6.02. Preservation and Disclosure of Lists. (a) The Trustee shall preserve, in as current a form as is
reasonably practicable, all information as to the names and addresses of the holders of Debentures contained in the most recent list furnished to it as provided in Section 6.01 or maintained by the Trustee in its capacity as Debenture Registrar
or co-registrar in respect of the Debentures, if so acting. The Trustee may destroy any list furnished to it as provided in Section 6.01 upon receipt of a new list so furnished. 

(b) The rights of Debentureholders to communicate with other holders of Debentures with respect to their rights under this Indenture or under
the Debentures, and the corresponding rights and duties of the Trustee, shall be as provided by the Trust Indenture Act. 
 (c) Every
Debentureholder, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and
addresses of holders of Debentures made pursuant to the Trust Indenture Act. 
 Section 6.03. Reports by Trustee.
(a) Within sixty (60) days after December 15 of each year commencing with the year 2004, the Trustee shall transmit to holders of Debentures such reports dated as of December 15 of the year in which such reports are made
concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. In the event that no events have occurred under the applicable sections of
the Trust Indenture Act, the Trustee shall be under no duty or obligation to provide such reports. 

  
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 (b) A copy of such report shall, at the time of such transmission to holders of Debentures, be
filed by the Trustee with each stock exchange and automated quotation system upon which the Debentures are listed and with the Company. The Company will promptly notify the Trustee in writing when the Debentures are listed on any stock exchange or
automated quotation system or delisted therefrom. 
 Section 6.04. Reports by Company. The Company shall file with the Trustee
(and the Commission if at any time after the Indenture becomes qualified under the Trust Indenture Act), and transmit to holders of Debentures, such information, documents and other reports and such summaries thereof, as may be required pursuant to
the Trust Indenture Act at the times and in the manner provided pursuant to such Act, whether or not the Debentures are governed by such Act; provided that any such information, documents or reports required to be filed with the Commission
pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within fifteen (15) days after the same is so required to be filed with the Commission. Delivery of such reports, information and documents to the Trustee
is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with
any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 ARTICLE 7 

REMEDIES OF THE TRUSTEE AND DEBENTUREHOLDERS
ON AN EVENT OF DEFAULT 
  

Section 7.01. Events of Default. In case one or more of the following events (each, an “Event of Default”)
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body) shall have occurred and be continuing: 
 (a) default in the payment of the Accreted Principal Amount of any of the
Debentures as and when the same shall become due and payable either at Stated Maturity or in connection with any redemption or repurchase, in each case pursuant to Article 3, or otherwise; or 

(b) default in the payment of any installment of Interest upon any of the Debentures as and when the same shall become due and payable, and
continuance of such default for a period of thirty (30) days; or 
 (c) failure to provide notice of the occurrence of a Fundamental
Change on a timely basis as required by Section 3.05; or 

  
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 (d) default in the Company’s obligation to convert the Debentures into Common Stock, cash or
a combination of cash and Common Stock upon the exercise of a holder’s rights pursuant to Article 15 and continuation of such default for a period of ten (10) days; or 

(e) default in the Company’s obligation to repurchase the Debentures at the option of a holder upon a Fundamental Change pursuant to
Section 3.05 or on specified dates pursuant to Section 3.06; or 
 (f) default in the Company’s obligation to redeem the
Debentures after it has exercised its option to redeem; or 
 (g) failure on the part of the Company duly to observe or perform any other of
the covenants or agreements on the part of the Company in the Debentures or in this Indenture (other than a covenant or agreement a default in whose performance or whose breach is elsewhere in this Section 7.01 specifically dealt with)
continued for a period of sixty (60) days after the date on which written notice of such failure, requiring the Company to remedy the same, shall have been given to the Company by the Trustee, or to the Company and a Responsible Officer of the
Trustee by the holders of at least twenty-five percent (25%) in aggregate Original Principal Amount of the Debentures at the time outstanding determined in accordance with Section 9.04; or 

(h) default with respect to the Company’s or any of its Subsidiaries’ indebtedness having a principal amount then outstanding,
individually or in the aggregate, of at least $25.0 million, whether such indebtedness now exists or is hereafter incurred, which default or defaults: 

(i) shall have resulted in such indebtedness becoming or being declared due and payable prior to the date on which it would
otherwise have become due and payable; or 
 (ii) shall constitute the failure to pay such indebtedness at the final stated
maturity thereof (after expiration of any applicable grace period); or 
 (i) rendering of any final judgment or judgments for the payment
of money in excess of $25.0 million against the Company (to the extent not coverted by insurance as to which the insurer does not dispute coverage) that is not discharged for any period of sixty (60) consecutive days during which a stay of
enforcement shall not be in effect; or 
 (j) commencement by the Company of a voluntary case or other proceeding seeking liquidation,
reorganization or other relief with respect to the Company or its debts under any bankruptcy, insolvency or other similar law now 

  
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or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of the Company or any substantial part of the property of the Company, or
consent by the Company to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against the Company, or general assignment by the Company for the benefit of creditors,
or failure of the Company generally to pay its debts as they become due; or 
 (k) commencement of an involuntary case or other proceeding
against the Company seeking liquidation, reorganization or other relief with respect to the Company or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver,
liquidator, custodian or other similar official of the Company or any substantial part of the property of the Company, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) consecutive
days; 
 then, and in each and every such case (other than an Event of Default specified in Section 7.01(j) or 7.01(k)), unless the Accreted Principal
Amount of all of the Debentures shall have already become due and payable, either the Trustee or the holders of not less than twenty-five percent (25%) in aggregate Original Principal Amount of the Debentures then outstanding hereunder
determined in accordance with Section 9.04, by notice in writing to the Company (and to the Trustee if given by Debentureholders), may declare the Accreted Principal Amount of all the Debentures and the Interest accrued thereon to be due and
payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Debentures contained to the contrary notwithstanding. If an Event of Default specified in
Section 7.01(j) or 7.01(k) occurs, the Accreted Principal Amount of all the Debentures and the Interest accrued thereon shall be immediately and automatically due and payable without necessity of further action. This provision, however, is
subject to the conditions that if, at any time after the Accreted Principal Amount of the Debentures shall have been so declared due and payable, and before any judgment or decree for the payment of the monies due shall have been obtained or entered
as hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum sufficient to pay all matured installments of Interest upon all Debentures and the Accreted Principal Amount of any and all Debentures which shall have become due
otherwise than by acceleration (with interest on overdue installments of Interest (to the extent that payment of such interest is enforceable under applicable law) and on such Accreted Principal Amount at the rate borne by the Debentures, to the
date of such payment or deposit) and amounts due to the Trustee pursuant to Section 8.06, and if any and all defaults under this Indenture, other than the nonpayment of Accreted Principal Amount of and accrued Interest on Debentures which shall
have become due by acceleration, shall have been cured or waived pursuant to Section 7.07, then and in every such case the holders of a majority in aggregate Original Principal 

  
 48 

 
Amount of the Debentures then outstanding, by written notice to the Company and to the Trustee, may waive all defaults or Events of Default and rescind and annul such declaration and its
consequences; but no such waiver or rescission and annulment shall extend to or shall affect any subsequent default or Event of Default, or shall impair any right consequent thereon. The Company shall notify in writing a Responsible Officer of the
Trustee, promptly upon becoming aware thereof, of any Event of Default. 
 In case the Trustee shall have proceeded to enforce any right
under this Indenture and such proceedings shall have been discontinued or abandoned because of such waiver or rescission and annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the
Company, the holders of Debentures, and the Trustee shall be restored respectively to their several positions and rights hereunder, and all rights, remedies and powers of the Company, the holders of Debentures, and the Trustee shall continue as
though no such proceeding had been taken. 
 Section 7.02. Payments of Debentures on Default; Suit Therefor. The Company
covenants that (a) in case default shall be made in the payment of any installment of Interest upon any of the Debentures as and when the same shall become due and payable, and such default shall have continued for a period of thirty
(30) days, or (b) in case default shall be made in the payment of the Accreted Principal Amount of any of the Debentures as and when the same shall have become due and payable, whether at maturity of the Debentures or in connection with
any redemption, repurchase, acceleration, declaration or otherwise, then, upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of the holders of the Debentures, the whole amount that then shall have become due and payable
on all such Debentures for Accreted Principal Amount or Interest, as the case may be, with interest upon the overdue Accreted Principal Amount and (to the extent that payment of such interest is enforceable under applicable law) upon the overdue
installments of Interest at the rate borne by the Debentures, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including reasonable compensation to the Trustee, its agents, attorneys
and counsel, and all other amounts due the Trustee under Section 8.06. Until such demand by the Trustee, the Company may pay the Accreted Principal Amount of and Interest on the Debentures to the registered holders, whether or not the
Debentures are overdue. 
 In case the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name and
as trustee of an express trust, shall be entitled and empowered to institute any actions or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or final
decree, and may enforce any such judgment or final decree against the Company or any other obligor on the 

  
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Debentures and collect in the manner provided by law out of the property of the Company or any other obligor on the Debentures wherever situated the monies adjudged or decreed to be payable. 

In case there shall be pending proceedings for the bankruptcy or for the reorganization of the Company or any other obligor on the Debentures
under Title 11 of the United States Code, or any other applicable law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been appointed for or taken possession of the
Company or such other obligor, the property of the Company or such other obligor, or in the case of any other judicial proceedings relative to the Company or such other obligor upon the Debentures, or to the creditors or property of the Company or
such other obligor, the Trustee, irrespective of whether the Accreted Principal Amount of the Debentures 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 pursuant to the provisions of this Section 7.02, shall be entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a claim or claims for the whole amount of the Accreted Principal Amount and Interest
owing and unpaid in respect of the Debentures, and, in case of any judicial proceedings, to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee and of the
Debentureholders allowed in such judicial proceedings relative to the Company or any other obligor on the Debentures, its or their creditors, or its or their property, and to collect and receive any monies or other property payable or deliverable on
any such claims, and to distribute the same after the deduction of any amounts due the Trustee under Section 8.06, and to take any other action with respect to such claims, including participating as a member of any official committee of
creditors, as it reasonably deems necessary or advisable, and, unless prohibited by law or applicable regulations, and any receiver, assignee or trustee in bankruptcy or reorganization, liquidator, custodian or similar official is hereby authorized
by each of the Debentureholders 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 Debentureholders, to pay to the Trustee any amount due it for reasonable
compensation, expenses, advances and disbursements, including counsel fees and expenses incurred by it up to the date of such distribution. To the extent that such payment of reasonable compensation, expenses, advances and disbursements out of the
estate in any such proceedings shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions, dividends, monies, securities and other property which the holders of the
Debentures may be entitled to receive in such proceedings, whether in liquidation or under any plan of reorganization or arrangement or otherwise. 

All rights of action and of asserting claims under this Indenture, or under any of the Debentures, may be enforced by the Trustee without the
possession of 

  
 50 

 
any of the Debentures, or the production thereof at any trial or other proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as
trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the holders
of the Debentures. 
 In any proceedings brought by the Trustee (and in any proceedings involving the interpretation of any provision of
this Indenture to which the Trustee shall be a party) the Trustee shall be held to represent all the holders of the Debentures, and it shall not be necessary to make any holders of the Debentures parties to any such proceedings. 

Section 7.03. Application of Monies Collected by Trustee. Any monies or other property collected by the Trustee pursuant to this
Article 7, or any monies or other property otherwise distributable in respect of the Company’s obligations under this Indenture, shall be applied in the order following, at the date or dates fixed by the Trustee for the distribution of such
monies, upon presentation of the several Debentures, and stamping thereon 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 8.06; 

SECOND: In case the Accreted Principal Amount of the outstanding Debentures shall not have become due and be unpaid, to the payment of
Interest on the Debentures in default in the order of the maturity of the installments of such Interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of Interest at the rate borne
by the Debentures, such payments to be made ratably to the Persons entitled thereto; 
 THIRD: In case the Accreted Principal Amount of the
outstanding Debentures shall have become due, by declaration or otherwise, and be unpaid, to the payment of the whole amount then owing and unpaid upon the Debentures for Accreted Principal Amount and Interest, with interest on the overdue Accreted
Principal Amount and (to the extent that such interest has been collected by the Trustee) upon overdue installments of Interest at the rate borne by the Debentures, and in case such monies shall be insufficient to pay in full the whole amounts so
due and unpaid upon the Debentures, then to the payment of such Accreted Principal Amount and Interest without preference or priority of the Accreted Principal Amount over Interest, or of Interest over the Accreted Principal Amount, or of any
installment of Interest over any other installment of Interest, or of any Debenture over any other Debenture, ratably to the aggregate of such Accreted Principal Amount and accrued and unpaid Interest; and 

  
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 FOURTH: To the payment of the remainder, if any, to the Company or any other Person lawfully
entitled thereto. 
 Section 7.04. Proceedings by Debentureholder. No holder of any Debenture shall have any right by virtue of
or by reference to any provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Indenture, or for the appointment of a receiver, trustee, liquidator, custodian or other similar
official, or for any other remedy hereunder, unless such holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof, as hereinbefore provided, and unless also the holders of not less than
twenty-five percent (25%) in aggregate Original Principal Amount of the Debentures then outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall
have offered to the Trustee such reasonable security or indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee for sixty (60) days after its receipt of such notice, request and
offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding and no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 7.07; it being understood and
intended, and being expressly covenanted by the taker and holder of every Debenture with every other taker and holder and the Trustee, that no one or more holders of Debentures shall have any right in any manner whatever by virtue of or by reference
to any provision of this Indenture to affect, disturb or prejudice the rights of any other holder of Debentures, or to obtain or seek to obtain priority over or preference to any other such holder, or to enforce any right under this Indenture,
except in the manner herein provided and for the equal, ratable and common benefit of all holders of Debentures (except as otherwise provided herein). For the protection and enforcement of this Section 7.04, each and every Debentureholder and
the Trustee shall be entitled to such relief as can be given either at law or in equity. 
 Notwithstanding any other provision of this
Indenture and any provision of any Debenture, the right of any holder of any Debenture to receive payment of the Accreted Principal Amount of (including any Redemption Price or Repurchase Price pursuant to Article 3) and accrued Interest on such
Debenture on or after the respective due dates expressed in such Debenture, or to institute suit for the enforcement of any such payment on or after such respective dates against the Company, shall not be impaired or affected without the consent of
such holder. 
 Anything in this Indenture or the Debentures to the contrary notwithstanding, the holder of any Debenture, without the
consent of either the Trustee or the holder of any other Debenture, in its own behalf and for its own benefit, may enforce, and may institute and maintain any proceeding suitable to enforce, its rights of conversion as provided herein. 

  
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 Section 7.05. Proceedings by Trustee. In case of an Event of Default, the Trustee
may, in its discretion, proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as are necessary to protect and enforce any of such rights, either by suit in equity or by action at law or by
proceeding in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right
vested in the Trustee by this Indenture or by law. 
 Section 7.06. Remedies Cumulative and Continuing. Except as provided in
Section 2.06, all powers and remedies given by this Article 7 to the Trustee or to the Debentureholders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available
to the Trustee or the holders of the Debentures, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any holder of
any of the Debentures to exercise any right or power accruing upon any default or Event of Default occurring and continuing as aforesaid shall impair any such right or power, or shall be construed to be a waiver of any such default or any
acquiescence therein, and, subject to the provisions of Section 7.04, every power and remedy given by this Article 7 or by law to the Trustee or to the Debentureholders may be exercised from time to time, and as often as shall be deemed
expedient, by the Trustee or by the Debentureholders. 
 Section 7.07. Direction of Proceedings and Waiver of Defaults by Majority
of Debentureholders. Upon provision of indemnity reasonably satisfactory to the Trustee, the holders of a majority in aggregate Original Principal Amount of the Debentures at the time outstanding determined in accordance with Section 9.04
shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee; provided that (a) such direction shall not be in
conflict with any rule of law or with this Indenture, (b) the Trustee may take any other action which is not inconsistent with such direction and (c) the Trustee may decline to take any action that would benefit some Debentureholders to
the detriment of other Debentureholders. The holders of a majority in aggregate Original Principal Amount of the Debentures at the time outstanding determined in accordance with Section 9.04 may, on behalf of the holders of all of the
Debentures, waive any past default or Event of Default hereunder and its consequences except (i) a default in the payment of Interest on, or the Accreted Principal Amount of, the Debentures, (ii) a failure by the Company to convert any
Debentures into Common Stock, cash or a combination of cash and Common Stock of the Company, (iii) a default in the payment of the Redemption Price pursuant to Section 3.03, (iv) a default in the payment of the Fundamental Change
Repurchase Price pursuant to Section 3.05 or Company Repurchase Price pursuant to Section 3.06 or (v) a default in respect of a covenant 

  
 53 

 
or provision hereof which under Article 11 cannot be modified or amended without the consent of the holders of each or all Debentures then outstanding or affected thereby. Upon any such waiver,
the Company, the Trustee and the holders of the Debentures shall be restored to their former positions and rights hereunder; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent
thereon. Whenever any default or Event of Default hereunder shall have been waived as permitted by this Section 7.07, said default or Event of Default shall for all purposes of the Debentures and this Indenture be deemed to have been cured and
to be not continuing; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon. 

Section 7.08. Notice of Defaults. The Trustee shall, within ninety (90) days after a Responsible Officer of the Trustee has
knowledge of the occurrence of a default, mail to all Debentureholders, as the names and addresses of such holders appear upon the Debenture Register, notice of all defaults known to a Responsible Officer, unless such defaults shall have been cured
or waived before the giving of such notice; provided that except in the case of default in the payment of the Accreted Principal Amount of or Interest on any of the Debentures, the Trustee shall be protected in withholding such notice if and
so long as a trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Debentureholders. For the purpose of this Section 7.08, the term
“default” means any event which is, or after notice or lapse of time or both would become, an Event of Default. 

Section 7.09. Undertaking to Pay Costs. All parties to this Indenture agree, and each holder of any Debenture by its acceptance
thereof shall be deemed to have agreed, that any court may, in its discretion, require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee,
the filing by any party litigant in such suit of an undertaking to pay the costs of such suit and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in
such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided that the provisions of this Section 7.09 (to the extent permitted by law) shall not apply to any suit instituted by
the Trustee, to any suit instituted by any Debentureholder, or group of Debentureholders, holding in the aggregate more than ten percent in Original Principal Amount of the Debentures at the time outstanding determined in accordance with
Section 9.04, or to any suit instituted by any Debentureholder for the enforcement of the payment of the Accreted Principal Amount of or Interest on any Debenture on or after the due date expressed in such Debenture or to any suit for the
enforcement of the right to convert any Debenture in accordance with the provisions of Article 15. 

  
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 ARTICLE 8 

THE TRUSTEE 

Section 8.01. Duties and Responsibilities of Trustee. The Trustee, prior to the occurrence of an Event of Default and after the
curing of all Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default has occurred (which has not been cured or waived), 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. 
 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: 
 (a) prior to the occurrence of an Event of Default and after the
curing or waiving of all Events of Default which may have occurred: 
 (i) the duties and obligations of the Trustee shall be
determined solely by the express provisions of this Indenture and the Trust Indenture Act, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture and no implied
covenants or obligations shall be read into this Indenture and the Trust Indenture Act against the Trustee; and 
 (ii) in
the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon any 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 which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine
whether or not they conform to the requirements of this Indenture; 
 (b) the Trustee shall not be liable for any error of judgment made in
good faith by a Responsible Officer or Officers of the Trustee, unless the Trustee was negligent in ascertaining the pertinent facts; 
 (c)
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 written direction of the holders of not less than a majority in Original Principal Amount of the Debentures at the
time outstanding determined as provided in Section 9.04 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; 

  
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 (d) the Trustee shall not be liable in respect of any payment (as to the correctness of amount,
entitlement to receive or any other matters relating to payment) or notice effected by the Company or any Paying Agent or any records maintained by any co-registrar with respect to the Debentures; and 

(e) if any party fails to deliver a notice relating to an event the fact of which, pursuant to this Indenture, requires notice to be sent to
the Trustee, the Trustee may conclusively rely on its failure to receive such notice as reason to act as if no such event occurred. 
 The
Trustee shall not be deemed to have knowledge or notice of any default (as defined in Section 7.08) or Event of Default hereunder unless a Responsible Officer of the Trustee shall have received at the Corporate Trust Office written notice of
such default or Event of Default from the Company or the holders of at least 10% in aggregate Original Principal Amount of the Debentures and such notice refers to such default or Event of Default, the Debentures and the Indenture. 

None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal
financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or adequate indemnity against such risk or liability is not
reasonably assured to it. 
 Whether or not therein 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 8.01. 
 Section 8.02.
Reliance on Documents, Opinions, Etc. Except as otherwise provided in Section 8.01: 
 (a) the Trustee may conclusively rely and
shall be protected in acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon or other paper or document (whether in its original or facsimile form) believed by
it in good faith to be genuine and to have been signed or presented by the proper party or parties; 
 (b) any request, direction, order or
demand of the Company mentioned herein shall be sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to
the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company; 

  
 56 

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

(d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or
direction of any of the Debentureholders pursuant to the provisions of this Indenture, unless such Debentureholders shall have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities
which may be incurred therein or thereby; 
 (e) 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 or other paper or document, but the Trustee 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 Company, personally or by agent or attorney; and 

(f) 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 by it with due care hereunder. 

(g) the Trustee shall not be liable for any action taken, suffered or omitted to be taken by it in good faith and reasonably believed by it to
be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (h) the rights, privileges, protections,
immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person
employed to act hereunder; 
 (i) the Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of
individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person
specified as so authorized in any such certificate previously delivered and not superseded; and 

  
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 (j) before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel. The Trustee shall not be liable for any action which it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel. 

Section 8.03. No Responsibility for Recitals, Etc. The recitals contained herein and in the Debentures (except in the
Trustee’s certificate of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Debentures. The Trustee shall not be accountable for the use or application by the Company of any Debentures or the proceeds of any Debentures authenticated and delivered by the Trustee in conformity with the provisions of this
Indenture. 
 Section 8.04. Trustee, Paying Agents, Bid Solicitation Agents, Conversion Agents or Registrar May Own Debentures.
The Trustee, any Paying Agent, any Bid Solicitation Agent, any Conversion Agent or Debenture Registrar, in its individual or any other capacity, may become the owner or pledgee of Debentures with the same rights it would have if it were not Trustee,
Paying Agent, Bid Solicitation Agent, Conversion Agent or Debenture Registrar. 
 Section 8.05. Monies to Be Held in Trust.
Subject to the provisions of Section 13.03, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. 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 may be agreed in writing from time to time by the Company and the Trustee.

 Section 8.06. Compensation and Expenses of Trustee. The Company covenants and agrees to pay to the Trustee from time to time,
and the Trustee shall be entitled to, such compensation for all services rendered by it hereunder in any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as mutually agreed
to from time to time in writing between the Company and the Trustee, and the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance
with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all Persons not regularly in its employ) except any such expense, disbursement or advance as may arise from
its negligence, willful misconduct or bad faith. The Company also covenants to indemnify the Trustee and any predecessor Trustee (or any officer, director or employee of the Trustee), in any capacity under this Indenture and its agents and any
authenticating agent for, and to hold them harmless against, any and all loss, liability, damage, claim or expense including 

  
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taxes (other than taxes based on the income of the Trustee) incurred without negligence, willful misconduct or bad faith on the part of the Trustee or such officers, directors, employees and
agent or authenticating agent, as the case may be, and arising out of or in connection with the acceptance or administration of this trust or in any other capacity hereunder, including the costs and expenses (including reasonable attorneys’
fees and expenses) of defending themselves against any claim (whether asserted by the Company, any holder or any other Person) of liability in connection with the exercise or performance of any of its powers or duties hereunder. The obligations of
the Company under this Section 8.06 to compensate or indemnify the Trustee and to pay or reimburse the Trustee for expenses (including reasonable attorneys’ fees and expenses), disbursements and advances shall be secured by a lien prior to
that of the Debentures upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the holders of particular Debentures. The obligation of the Company under this Section shall survive the
resignation or removal of the Trustee and the satisfaction and discharge or termination of this Indenture. 
 When the Trustee and its
agents and any authenticating agent incur expenses or render services after an Event of Default specified in Section 7.01(j) or Section 7.01(k) with respect to the Company occurs, the expenses (including reasonable attorneys’ fees and
expenses) and the compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws. 

Section 8.07. Officers’ Certificate as Evidence. Except as otherwise provided in Section 8.01, whenever in the
administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or omitting any action hereunder, such matter (unless other evidence in respect thereof be
herein specifically prescribed) may, in the absence of bad faith or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered to the Trustee. 

Section 8.08. Conflicting Interests of Trustee. If the Trustee has or shall acquire a conflicting interest within the meaning of
the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. 

Section 8.09. Eligibility of Trustee. There shall at all times be a Trustee hereunder which shall be a Person that is eligible
pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at least $50,000,000 (or if such Person is a member of a bank holding company system, its bank holding company shall have a combined capital and surplus of
at least $50,000,000). If such Person publishes reports of condition at least annually, 

  
 59 

 
pursuant to law or to the requirements of any supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such Person 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 8.09, it shall resign immediately in the
manner and with the effect hereinafter specified in this Article. 
 Section 8.10. Resignation or Removal of Trustee. 

(a) The Trustee may at any time resign by giving written notice of such resignation to the Company and to the holders of Debentures. Upon
receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee
and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment sixty (60) days after the mailing of such notice of resignation to the Debentureholders, the resigning Trustee may, upon
ten (10) Business Days’ notice to the Company and the Debentureholders, appoint a successor identified in such notice or may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor
trustee, or, if any Debentureholder who has been a bona fide holder of a Debenture or Debentures for at least six (6) months may, subject to the provisions of Section 7.09, on behalf of himself and all others similarly situated, petition
any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 

(b) In case at any time any of the following shall occur: 

(i) the Trustee shall fail to comply with Section 8.08 after written request therefor by the Company or by any
Debentureholder who has been a bona fide holder of a Debenture or Debentures for at least six (6) months; or 
 (ii) the
Trustee shall cease to be eligible in accordance with the provisions of Section 8.09 and shall fail to resign after written request therefor by the Company or by any such Debentureholder; or 

(iii) the Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee
or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

  
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 then, in any such case, the Company may remove the Trustee and appoint a successor trustee by written instrument,
in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 7.09, any Debentureholder who
has been a bona fide holder of a Debenture or Debentures for at least six (6) months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of
a successor trustee; provided that if no successor Trustee shall have been appointed and have accepted appointment sixty (60) days after either the Company or the Debentureholders has removed the Trustee, or the Trustee resigns, the
Trustee so removed may petition, at the expense of the Company, any court of competent jurisdiction for an appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the
Trustee and appoint a successor trustee. 
 (c) The holders of a majority in aggregate Original Principal Amount of the Debentures at the
time outstanding may at any time remove the Trustee and nominate a successor trustee which shall be deemed appointed as successor trustee unless, within ten (10) days after notice to the Company of such nomination, the Company objects thereto,
in which case the Trustee so removed or any Debentureholder, or if such Trustee so removed or any Debentureholder fails to act, the Company, upon the terms and conditions and otherwise as in Section 8.10(a) provided, may petition any court of
competent jurisdiction for an appointment of a successor trustee. 
 (d) Any resignation or removal of the Trustee and appointment of a
successor trustee pursuant to any of the provisions of this Section 8.10 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 8.11. 

Section 8.11. Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 8.10 shall execute,
acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee, without
any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the
Company or of the successor trustee, the trustee ceasing to act shall, upon payment of any amount then due it pursuant to the provisions of Section 8.06, execute and deliver an instrument transferring to such successor trustee all the rights
and powers of the trustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights
and 

  
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powers. Any trustee ceasing to act shall, nevertheless, retain a lien upon all property and funds held or collected by such trustee as such, except for funds held in trust for the benefit of
holders of particular Debentures, to secure any amounts then due it pursuant to the provisions of Section 8.06. 
 No successor trustee
shall accept appointment as provided in this Section 8.11 unless, at the time of such acceptance, such successor trustee shall be qualified under the provisions of Section 8.08 and be eligible under the provisions of Section 8.09.

 Upon acceptance of appointment by a successor trustee as provided in this Section 8.11, the Company (or the former trustee, at the
written direction and the expense of the Company) shall mail or cause to be mailed notice of the succession of such trustee hereunder to the holders of Debentures at their addresses as they shall appear on the Debenture Register. If the Company
fails to mail such notice within ten (10) days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Company. 

Section 8.12. Succession by Merger. Any Person into which the Trustee may be merged or converted or with which it may be
consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Person succeeding to all or substantially all of the corporate trust business of the Trustee (including any trust
created by this Indenture), shall be the successor to the Trustee hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto, provided that in the case of any Person succeeding to all or
substantially all of the corporate trust business of the Trustee, such Person shall be qualified under the provisions of Section 8.08 and eligible under the provisions of Section 8.09. 

In case at the time such successor to the Trustee shall succeed to the trusts created by this Indenture, any of the Debentures shall have been
authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee or authenticating agent appointed by such predecessor trustee, and deliver such Debentures so authenticated;
and in case at that time any of the Debentures shall not have been authenticated, any successor to the Trustee or any authenticating agent appointed by such successor trustee may authenticate such Debentures in the name of the successor trustee; and
in all such cases such certificates shall have the full force that is provided in the Debentures or in this Indenture; provided that the right to adopt the certificate of authentication of any predecessor Trustee or authenticate Debentures in
the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

  
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 Section 8.13. Preferential Collection of Claims. If and when the Trustee shall be or
become a creditor of the Company (or any other obligor upon the Debentures), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of the claims against the Company (or any such other obligor). 

ARTICLE 9 
 THE
DEBENTUREHOLDERS 
 Section 9.01. Action by Debentureholders. Whenever in this Indenture it is provided that the
holders of a specified percentage in aggregate Original Principal Amount of the Debentures may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact
that at the time of taking any such action, the holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by Debentureholders in person or by agent or
proxy appointed in writing, or (b) by the record of the holders of Debentures voting in favor thereof at any meeting of Debentureholders duly called and held in accordance with the provisions of Article 10, or (c) by a combination of such
instrument or instruments and any such record of such a meeting of Debentureholders. Whenever the Company or the Trustee solicits the taking of any action by the holders of the Debentures, the Company or the Trustee may fix in advance of such
solicitation, a date as the record date for determining holders entitled to take such action. The record date shall be not more than fifteen (15) days prior to the date of commencement of solicitation of such action. 

Section 9.02. Proof of Execution by Debentureholders. Subject to the provisions of Sections 8.01, 8.02 and 10.05, proof of the
execution of any instrument by a Debentureholder or its agent or proxy shall be sufficient if made in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the
Trustee. The holding of Debentures shall be proved by the registry of such Debentures or by a certificate of the Debenture Registrar. 
 The
record of any Debentureholders’ meeting shall be proved in the manner provided in Section 10.06. 
 Section 9.03. Who Are
Deemed Absolute Owners. The Company, the Trustee, any Paying Agent, any Conversion Agent and any Debenture Registrar may deem the Person in whose name such Debenture shall be registered upon the Debenture Register to be, and may treat it as, the
absolute owner of such Debenture (whether or not such Debenture shall be overdue and notwithstanding any notation of ownership or other writing thereon made by any Person other than 

  
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the Company or any Debenture Registrar) for the purpose of receiving payment of or on account of the Accreted Principal Amount of and Interest on such Debenture, for conversion of such Debenture
and for all other purposes; and neither the Company nor the Trustee nor any Paying Agent nor any Conversion Agent nor any Debenture Registrar shall be affected by any notice to the contrary. All such payments so made to any holder for the time
being, or upon his order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for monies payable upon any such Debenture. 

Section 9.04. Company-owned Debentures Disregarded. In determining whether the holders of the requisite aggregate Original
Principal Amount of Debentures have concurred in any direction, consent, waiver or other action under this Indenture, Debentures which are owned by the Company or any other obligor on the Debentures or any Affiliate of the Company or any other
obligor on the Debentures shall be disregarded and deemed not to be outstanding for the purpose of any such determination; provided that for the purposes of determining whether the Trustee shall be protected in relying on any such direction,
consent, waiver or other action, only Debentures which a Responsible Officer knows are so owned shall be so disregarded. Debentures so owned which have been pledged in good faith may be regarded as outstanding for the purposes of this
Section 9.04 if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right to vote such Debentures and that the pledgee is not the Company, any other obligor on the Debentures or any Affiliate of the Company or any
such other obligor. In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an
Officers’ Certificate listing and identifying all Debentures, if any, known by the Company to be owned or held by or for the account of any of the above described Persons, and, subject to Section 8.01, the Trustee shall be entitled to
accept such Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all Debentures not listed therein are outstanding for the purpose of any such determination. 

Section 9.05. Revocation of Consents, Future Holders Bound. At any time prior to (but not after) the evidencing to the Trustee, as
provided in Section 9.01, of the taking of any action by the holders of the percentage in aggregate Original Principal Amount of the Debentures specified in this Indenture in connection with such action, any holder of a Debenture which is shown
by the evidence to be included in the Debentures the holders of which have consented to such action may, by filing written notice with the Trustee at its Corporate Trust Office and upon proof of holding as provided in Section 9.02, revoke such
action so far as concerns such Debenture. Except as aforesaid, any such action taken by the holder of any Debenture shall be conclusive and binding upon such holder and upon all future holders and owners of such Debenture and of any Debentures
issued in exchange or substitution therefor, irrespective of whether any notation in regard thereto is made upon such Debenture or any Debenture issued in exchange or substitution therefor. 

  
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 ARTICLE 10 

MEETINGS OF DEBENTUREHOLDERS 

Section 10.01. Purpose of Meetings. A meeting of Debentureholders may be called at any time and from time to time pursuant to the
provisions of this Article 10 for any of the following purposes: 
 (1) to give any notice to the Company or to the Trustee
or to give any directions to the Trustee permitted under this Indenture, or to consent to the waiving of any default or Event of Default hereunder and its consequences, or to take any other action authorized to be taken by Debentureholders pursuant
to any of the provisions of Article 7; 
 (2) to remove the Trustee and nominate a successor trustee pursuant to the
provisions of Article 8; 
 (3) to consent to the execution of an indenture or indentures supplemental hereto pursuant to the
provisions of Section 11.02; or 
 (4) to take any other action authorized to be taken by or on behalf of the holders of
any specified aggregate Original Principal Amount of the Debentures under any other provision of this Indenture or under applicable law. 

Section 10.02. Call of Meetings by Trustee. The Trustee may at any time call a meeting of Debentureholders to take any action
specified in Section 10.01, to be held at such time and at such place as the Trustee shall determine. Notice of every meeting of the Debentureholders, setting forth the time and the place of such meeting and in general terms the action proposed
to be taken at such meeting and the establishment of any record date pursuant to Section 9.01, shall be mailed to holders of Debentures at their addresses as they shall appear on the Debenture Register. Such notice shall also be mailed to the
Company. Such notices shall be mailed not less than twenty (20) nor more than ninety (90) days prior to the date fixed for the meeting. 

Any meeting of Debentureholders shall be valid without notice if the holders of all Debentures then outstanding are present in person or by
proxy or if notice is waived before or after the meeting by the holders of all Debentures outstanding, and if the Company and the Trustee are either present by duly authorized representatives or have, before or after the meeting, waived notice. 

  
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 Section 10.03. Call of Meetings by Company or Debentureholders. In case at any time
the Company, pursuant to a resolution of its Board of Directors, or the holders of at least ten percent (10%) in aggregate Original Principal Amount of the Debentures then outstanding, shall have requested the Trustee to call a meeting of
Debentureholders, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within twenty (20) days after receipt of such request, then
the Company or such Debentureholders may determine the time and the place for such meeting and may call such meeting to take any action authorized in Section 10.01, by mailing notice thereof as provided in Section 10.02. 

Section 10.04. Qualifications for Voting. To be entitled to vote at any meeting of Debentureholders a person shall (a) be a
holder of one or more Debentures on the record date pertaining to such meeting or (b) be a person appointed by an instrument in writing as proxy by a holder of one or more Debentures on the record date pertaining to such meeting. The only
persons who shall be entitled to be present or to speak at any meeting of Debentureholders shall be the persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the
Company and its counsel. 
 Section 10.05. Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may
make such reasonable regulations as it may deem advisable for any meeting of Debentureholders, in regard to proof of the holding of Debentures and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. 

The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the
Company or by Debentureholders as provided in Section 10.03, in which case the Company or the Debentureholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by vote of the holders of a majority in Original Principal Amount of the Debentures represented at the meeting and entitled to vote at the meeting. 

Subject to the provisions of Section 9.04, at any meeting each Debentureholder or proxyholder shall be entitled to one vote for each
$1,000 Original Principal Amount of Debentures held or represented by him; provided that no vote shall be cast or counted at any meeting in respect of any Debenture challenged as not outstanding and ruled by the chairman of the meeting to be
not outstanding. The chairman of the meeting shall have no right to vote other than 

  
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by virtue of Debentures held by him or instruments in writing as aforesaid duly designating him as the proxy to vote on behalf of other Debentureholders. Any meeting of Debentureholders duly
called pursuant to the provisions of Section 10.02 or 10.03 may be adjourned from time to time by the holders of a majority of the aggregate Original Principal Amount of Debentures represented at the meeting, whether or not constituting a
quorum, and the meeting may be held as so adjourned without further notice. 
 Section 10.06. Voting. The vote upon any
resolution submitted to any meeting of Debentureholders shall be by written ballot on which shall be subscribed the signatures of the holders of Debentures or of their representatives by proxy and the outstanding Original Principal Amount of the
Debentures held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the
meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Debentureholders shall be prepared by the secretary of the meeting and there shall be attached to said
record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was mailed
as provided in Section 10.02. The record shall show the Original Principal Amount of the Debentures voting in favor of or against any resolution. The record shall be signed and verified by the affidavits of the permanent chairman and secretary
of the meeting and one of the duplicates shall be delivered to the Company and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. 

Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

Section 10.07. No Delay of Rights by Meeting. Nothing contained in this Article 10 shall be deemed or construed to authorize or
permit, by reason of any call of a meeting of Debentureholders or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to
the Debentureholders under any of the provisions of this Indenture or of the Debentures. 
 ARTICLE 11 

SUPPLEMENTAL INDENTURES 

Section 11.01. Supplemental Indentures Without Consent of Debentureholders. The Company, when authorized by the resolutions of the

  
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Board of Directors, and the Trustee may, from time to time, and at any time enter into an indenture or indentures supplemental hereto for one or more of the following purposes: 

(a) to make provision with respect to the conversion rights of the holders of Debentures pursuant to the requirements of Section 15.06 or
the repurchase obligations of the Company pursuant to the requirements of Section 3.08(h). 
 (b) to convey, transfer, assign, mortgage
or pledge to the Trustee as security for the Debentures, any property or assets; 
 (c) to evidence the assumption by a successor Person of
the obligations of the Company pursuant to Article 12; 
 (d) to add to the covenants of the Company such further covenants for the benefit
of the holders of Debentures, and to make the occurrence, or the occurrence and continuance, of a default in any such additional covenants a default or an Event of Default permitting the enforcement of all or any of the several remedies provided in
this Indenture as herein set forth; provided that in respect of any such additional covenant such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in
the case of other defaults) or may provide for an immediate enforcement upon such default or may limit the remedies available to the Trustee upon such default; 

(e) to establish the forms or terms of the Debentures; 

(f) to cure any ambiguity or correct any error in this Indenture, so long as such action will not adversely affect the interests of holders,
provided that any such amendment made solely to conform the provisions of this Indenture to the description of the Debentures in the offering memorandum relating to the Debentures will be deemed not to adversely affect the interests of holders; 

(g) to evidence the acceptance of appointment hereunder by a successor Trustee with respect to the Debentures; 

(h) to modify, eliminate or add to the provisions of this Indenture to such extent as shall be necessary to qualify or maintain the
qualification of this Indenture under the Trust Indenture Act, or under any similar federal statute hereafter enacted; or 
 (i) make other
changes to the Indenture or forms or terms of the Debentures, provided no such change individually or in the aggregate with all other such changes has or will have a material adverse effect on the interests of the Debentureholders. 

  
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 Upon the written request of the Company, accompanied by a copy of the resolutions of the Board of
Directors certified by its Secretary or Assistant Secretary authorizing the execution of any supplemental indenture, the Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make any further
appropriate agreements and stipulations that may be therein contained and to accept the conveyance, transfer and assignment of any property thereunder, but the Trustee shall not be obligated to, but may in its discretion, enter into any supplemental
indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Any supplemental indenture
authorized by the provisions of this Section 11.01 may be executed by the Company and the Trustee without the consent of the holders of any of the Debentures at the time outstanding, notwithstanding any of the provisions of Section 11.02.

 Notwithstanding any other provision of the Indenture or the Debentures, the Registration Rights Agreement and the obligation to pay
Additional Amounts thereunder may be amended, modified or waived in accordance with the provisions of the Registration Rights Agreement. 

Section 11.02. Supplemental Indenture with Consent of Debentureholders. With the consent (evidenced as provided in Article 9) of
the holders of at least a majority in aggregate Original Principal Amount of the Debentures at the time outstanding, the Company, when authorized by the resolutions of the Board of Directors, and the Trustee may, from time to time and at any time,
enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any supplemental indenture or of modifying in any manner the
rights of the holders of the Debentures; provided that no such supplemental indenture shall (i) extend the Stated Maturity of any Debenture, or reduce the rate or extend the time for payment of Interest thereon, or reduce the Accreted
Principal Amount thereof or the accretion rate on the debentures, or reduce any amount payable on redemption or repurchase thereof, or impair the right of any Debentureholder to institute suit for the payment thereof, or make the Accreted Principal
Amount thereof or Interest thereon payable in any coin or currency other than that provided in the Debentures, or affect the obligation of the Company to redeem any Debenture on a Redemption Date in a manner adverse to the holders of Debentures, or
affect the obligation of the Company to repurchase any Debenture upon the happening of a Fundamental Change in a manner adverse to the holders of Debentures, or affect the obligation of the Company to repurchase any Debenture on a Company Repurchase
Date in a manner adverse to the holders of Debentures, or impair the right to convert the Debentures into 

  
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Common Stock, cash or a combination of cash and Common Stock subject to the terms set forth herein, including Section 15.06, or reduce the number of shares of Common Stock, the amount of
cash or the amount of other property receivable upon conversion, in each case, without the consent of the holder of each Debenture so affected, or modify any of the provisions of this Section 11.02 or Section 7.07, except to increase any
such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the holder of each Debenture so affected, or reduce the quorum or voting requirements set forth in Article 10 or
(ii) reduce the aforesaid percentage in Original Principal Amount of Debentures, the holders of which are required to consent to any such supplemental indenture, without the consent of the holders of all Debentures then outstanding. 

Upon the written request of the Company, accompanied by a copy of the resolutions of the Board of Directors certified by its Secretary or
Assistant Secretary authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Debentureholders as aforesaid, the Trustee shall join with the Company in the execution of such
supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such
supplemental indenture. 
 It shall not be necessary for the consent of the Debentureholders under this Section 11.02 to approve the
particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

Section 11.03. Effect of Supplemental Indenture. Any supplemental indenture executed pursuant to the provisions of this Article 11
shall comply with the Trust Indenture Act, as then in effect, provided that this Section 11.03 shall not require such supplemental indenture or the Trustee to be qualified under the Trust Indenture Act prior to the time such
qualification is in fact required under the terms of the Trust Indenture Act or the Indenture has been qualified under the Trust Indenture Act, nor shall it constitute any admission or acknowledgment by any party to such supplemental indenture that
any such qualification is required prior to the time such qualification is in fact required under the terms of the Trust Indenture Act or the Indenture has been qualified under the Trust Indenture Act. Upon the execution of any supplemental
indenture pursuant to the provisions of this Article 11, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitation of rights, obligations, duties and immunities under this
Indenture of the Trustee, the Company and the holders of Debentures shall thereafter be determined, exercised and enforced hereunder, subject in all respects to such modifications and amendments and all the terms and conditions of any such
supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

  
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 Section 11.04. Notation on Debentures. Debentures authenticated and delivered after
the execution of any supplemental indenture pursuant to the provisions of this Article 11 may bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company or the Trustee shall so
determine, new Debentures so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may, at the Company’s expense, be prepared and
executed by the Company, authenticated by the Trustee (or an authenticating agent duly appointed by the Trustee pursuant to Section 16.11) and delivered in exchange for the Debentures then outstanding, upon surrender of such Debentures then
outstanding. 
 Section 11.05. Evidence of Compliance of Supplemental Indenture to Be Furnished to Trustee. Prior to entering
into any supplemental indenture, the Trustee shall be provided with an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto complies with the requirements of this
Article 11 and is otherwise authorized or permitted by this Indenture. 
 ARTICLE 12 

CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE 

Section 12.01. Company May Consolidate on Certain Terms. Subject to the provisions of Section 12.02, the Company shall not
consolidate with or merge with or into any other Person or Persons (whether or not affiliated with the Company), nor shall the Company or its successor or successors be a party or parties to successive consolidations or mergers, nor shall the
Company sell, convey, transfer or lease the property and assets of the Company substantially as an entirety, to any other Person (whether or not affiliated with the Company), unless: (i) the Company is the surviving Person, or the resulting,
surviving or transferee Person, if other than the Company, is a corporation organized and existing under the laws of the United States of America, any state thereof or the District of Columbia; (ii) upon any such consolidation, merger, sale,
conveyance, transfer or lease, the due and punctual payment of the Accreted Principal Amount of and Interest on all of the Debentures, according to their tenor and the due and punctual performance and observance of all of the covenants and
conditions of this Indenture to be performed by the Company, shall be expressly assumed, by supplemental indenture satisfactory in form to the Trustee, executed and delivered to the Trustee by the Person (if other than the Company) formed by such
consolidation, or into which the Company shall have been merged, or by the Person that shall have acquired or leased such property, and such supplemental 

  
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indenture shall provide for the applicable conversion rights set forth in Section 15.06; and (iii) immediately after giving effect to the transaction described above, no Event of
Default, and no event which, after notice or passage of time or both, would become an Event of Default, shall have happened and be continuing. 

Section 12.02. Successor to Be Substituted. In case of any such consolidation, merger, sale, conveyance, transfer or lease and
upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the Accreted Principal Amount of and Interest on all of the
Debentures and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Company, such successor Person shall succeed to and be substituted for the Company, with the same effect as if it had
been named herein as the party of this first part. Such successor Person thereupon may cause to be signed, and may issue either in its own name or in the name of Kellwood Company any or all of the Debentures, issuable hereunder that theretofore
shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor Person instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall
authenticate and shall deliver, or cause to be authenticated and delivered, any Debentures that previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Debentures that such successor
Person thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Debentures so issued shall in all respects have the same legal rank and benefit under this Indenture as the Debentures theretofore or thereafter issued
in accordance with the terms of this Indenture as though all of such Debentures had been issued at the date of the execution hereof. In the event of any such consolidation, merger, sale, conveyance, transfer or lease, the Person named as the
“Company” in the first paragraph of this Indenture or any successor that shall thereafter have become such in the manner prescribed in this Article 12 may be dissolved, wound up and liquidated at any time thereafter and such Person
shall be released from its liabilities as obligor and maker of the Debentures and from its obligations under this Indenture. 
 In case of
any such consolidation, merger, sale, conveyance, transfer or lease, such changes in phraseology and form (but not in substance) may be made in the Debentures thereafter to be issued as may be appropriate. 

Section 12.03. Opinion of Counsel to Be Given Trustee. The Trustee shall receive an Officers’ Certificate and an Opinion of
Counsel as conclusive evidence that any such consolidation, merger, sale, conveyance, transfer or lease and any such assumption complies with the provisions of this Article 12. 

  
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 ARTICLE 13 

SATISFACTION AND DISCHARGE OF INDENTURE 

Section 13.01. Discharge of Indenture. When (a) the Company shall deliver to the Trustee for cancellation all Debentures
theretofore authenticated (other than any Debentures that have been destroyed, lost or stolen and in lieu of or in substitution for which other Debentures shall have been authenticated and delivered) and not theretofore canceled, or (b) all the
Debentures not theretofore canceled or delivered to the Trustee for cancellation shall have become due and payable and the Company shall deposit with the Trustee or with one or more Paying Agents (or, if the Company is acting as its own Paying
Agent, set aside, segregate and hold in trust as provided in Section 5.04), in trust, funds sufficient to pay all amounts due and owing on Debentures (other than any Debentures that shall have been mutilated, destroyed, lost or stolen and in
lieu of or in substitution for which other Debentures shall have been authenticated and delivered) not theretofore canceled or delivered to the Trustee for cancellation, and if in either case the Company shall also pay or cause to be paid all other
sums payable hereunder by the Company, then this Indenture shall cease to be of further effect (except as to (i) remaining rights of registration of transfer, substitution and exchange and conversion of Debentures, (ii) rights hereunder of
Debentureholders to receive payments of Accreted Principal Amount of and Interest on the Debentures and the other rights, duties and obligations of Debentureholders, as beneficiaries hereof with respect to the amounts, if any, so deposited with the
Trustee and (iii) the rights, obligations and immunities of the Trustee hereunder, including those pursuant to Section 8.06), and the Trustee, on written demand of the Company accompanied by an Officers’ Certificate and an Opinion of
Counsel as required by Section 16.05 and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture; the Company, however, hereby agrees to reimburse the Trustee for any
costs or expenses thereafter reasonably and properly incurred by the Trustee and to compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection with this Indenture or the Debentures. 

Section 13.02. Paying Agent to Repay Monies Held. Upon the satisfaction and discharge of this Indenture, all monies then held by
any Paying Agent of the Debentures (other than the Trustee) shall, upon written request of the Company, be repaid to it or paid to the Trustee, and thereupon such Paying Agent shall be released from all further liability with respect to such monies.

 Section 13.03. Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid
to the Trustee for payment of the Accreted Principal Amount of or Interest on Debentures and not applied but remaining unclaimed by the holders of Debentures for two years after the date upon which the Accreted Principal Amount of or Interest on
such Debentures, as the case may be, shall have become due and payable, shall be repaid to the 

  
 73 

 
Company by the Trustee on demand and all liability of the Trustee shall thereupon cease with respect to such monies; and the holder of any of the Debentures shall thereafter look only to the
Company for any payment that such holder may be entitled to collect unless an applicable abandoned property law designates another Person. 

ARTICLE 14 

IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND
DIRECTORS 
 Section 14.01. Indenture and Debentures Solely Corporate Obligations. No recourse for the payment of
the Accreted Principal Amount of or Interest on any Debenture, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any
supplemental indenture or in any Debenture, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, employee, agent, officer, director or subsidiary, as such, past, present or future,
of the Company or of any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it
being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debentures. 

ARTICLE 15 

CONVERSION OF DEBENTURES 

Section 15.01. Right to Convert. (a) Subject to and upon compliance with the provisions of this Indenture, at any time prior
to the close of business on June 15, 2034, the holder of any Debenture shall have the right, at such holder’s option, to convert each $1,000 Original Principal Amount of the Debentures and integral multiples thereof, into fully paid and
non-assessable shares of Common Stock (as such shares shall then be constituted) at the Conversion Rate in effect at such time, subject to Section 15.01(d) and subject to the Company’s ability to elect to deliver cash or a combination of
cash and Common Stock in lieu of Common Stock pursuant to Section 15.03, by surrender of the Debenture so to be converted in whole or in part, together with any required funds, under the circumstances described in this Section 15.01 and in
the manner provided in Section 15.02. The Debentures shall be convertible only during the following periods upon the occurrence of one of the following events: 

(i) (A) during any fiscal quarter commencing after July 31, 2004, if the Last Reported Sale Price for the Common Stock for
at least 

  
 74 

 
twenty (20) Trading Days during the period of thirty (30) consecutive Trading Days ending on the last Trading Day of the preceding fiscal quarter is greater than or equal to 131.30% of
the Conversion Price on such last Trading Day; provided that once such threshold is met, the Debenture will thereafter be convertible at any time at the option of the holder, through the Stated Maturity; 

(ii) in the event that the Company calls any or all of the Debentures for redemption, at any time prior to the close of
business on the second Business Day immediately preceding the Redemption Date after which time the right to convert such Debentures will expire, unless the Company fails to pay the Redemption Price; provided that only those Debentures that
are called for redemption may be converted following such an event; 
 (iii) during the five (5) Business Day period
after any five (5) consecutive Trading Day period in which the Trading Price per Debenture, as determined following a request by a holder in accordance with the procedures described below, for each day of that period is less than 98% of the
product of the Conversion Rate and the Last Reported Sale Price of the Common Stock for each day during such period; provided that if, on the date of any conversion pursuant to this Section 15.01(a)(iii), that is on or after
June 15, 2029, the Last Reported Sale Price of the Common Stock is greater than the Conversion Price but less than 131.30% thereof, then the holders of Debentures surrendered for conversion will receive, in lieu of Common Stock based on the
Conversion Rate, an amount in cash, shares of Common Stock, or a combination thereof, equal to the Accreted Principal Amount of the Debentures converted, plus accrued and unpaid Interest, to but excluding the Conversion Date (a “Principal
Value Conversion”). Any Common Stock delivered upon a Principal Value Conversion will be valued at the average of the Last Reported Sale Prices of Common Stock for a five Trading Day period starting on the third Trading Day following the
Conversion Date; or 
 (iv) as provided in Section (b) of this Section 15.01. 

In connection with any conversion pursuant to Section 15.01(a)(iii), the Trustee shall have no obligation to obtain the bids necessary
for the Company to determine the Trading Price of the Debentures unless the Company has requested it to do so, and the Company shall have no obligation to make such request unless a holder provides the Company with reasonable evidence that the
Trading Price per Debenture is less than 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate. At such time, the Company will instruct the Trustee to obtain the bids (in the manner described in the
definition of Trading Price) beginning on the next Trading Day and on each successive Trading 

  
 75 

 
Day until the Trading Price per Debenture is greater than or equal to 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate. 

The Company or its designated agent shall determine on a daily basis during the time period specified in Section 15.01(a)(i) and
15.01(a)(iii) whether the Debentures shall be convertible as a result of the occurrence of an event specified in clause (i) or (iii) above and, if the Debentures shall be so convertible, the Company shall promptly deliver to the Trustee
(or other Conversion Agent appointed by the Company) written notice thereof. Whenever the Debentures shall become convertible pursuant to this Section 15.01, the Company or, at the Company’s request, the Trustee in the name and at the
expense of the Company, shall notify the holders of the event triggering such convertibility in the manner provided in Section 16.02, and the Company shall also publicly announce such information by publication on the Company’s Web site or
through such other public medium as it may use at such time. Any notice so given shall be conclusively presumed to have been duly given, whether or not the holder receives such notice. 

The Trustee shall be entitled at its sole discretion to consult with the Company and to request the assistance of the Company in connection
with the Trustee’s duties and obligations pursuant to Section 15.01(a) hereof, and the Company agrees, if requested by the Trustee, to cooperate with, and provide assistance to, the Trustee in carrying out its duties under this
Section 15.01; provided, however, that nothing herein shall be construed to relieve the Trustee of its duties pursuant to Section 15.01(a) hereof. 

(b) In addition, if: 

(i) (A) the Company distributes to all holders of Common Stock rights or warrants entitling them to subscribe for or purchase
(for a period expiring within 45 days of the date of the distribution) shares of Common Stock at less than the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the declaration date of the distribution, or
(B) the Company distributes to all holders of Common Stock, assets, debt securities or rights to purchase securities of the Company, which distribution has a per share value as determined by the Board of Directors and set forth in a Board
Resolution exceeding 10% of the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the declaration date for such distribution, then, in either case, the Debentures may be surrendered for conversion at any time on
and after the date that the Company gives notice to the holders of such distribution, which shall be not less than 20 Business Days prior to the Ex-Dividend Date for such distribution, until the earlier of the close of business on the Business Day
immediately preceding, but not including, 

  
 76 

 
the Ex-Dividend Date or the date the Company publicly announces that such distribution will not take place; provided that no holder may exercise this right to convert if the holder will
otherwise participate in such distribution without conversion; 
 (ii) the Company consolidates with or merges with or into
another Person, is a party to a binding share exchange or transfers all or substantially all of its assets, in each case pursuant to which the Common Stock is converted into (A) cash or property other than securities, or (B) cash,
securities or other property, provided that in the case of clause (B), such transaction also constitutes a Fundamental Change, then the Debentures may be surrendered for conversion at any time from and after the date which is fifteen
(15) days prior to the anticipated effective date of the transaction until and including the date which is fifteen (15) days after the actual effective date (“Effective Date”) of the transaction (or if such consolidation,
merger, share exchange or transfer also constitutes a Fundamental Change, until the Fundamental Change Repurchase Date corresponding to such Fundamental Change). The Board of Directors shall determine the anticipated Effective Date of the
transaction, and such determination shall be conclusive and binding on the holders and shall be publicly announced by the Company by publication on its Web site or through such other public medium as it may use at that time not later than two
(2) Business Days prior to such 15th day; 
 (c) A Debenture in respect of which a holder is electing to exercise its option to require
repurchase upon a Fundamental Change pursuant to Section 3.05 or repurchase pursuant to Section 3.06 may be converted only if such holder withdraws its election in accordance with Section 3.08(d). A holder of Debentures is not
entitled to any rights of a holder of Common Stock until such holder has converted his Debentures into Common Stock, and only to the extent such Debentures are deemed to have been converted to Common Stock under this Article 15. 

(d) If a Debentureholder elects to convert its debentures in connection with a specified corporate transaction pursuant to
Section 15.01(b) that occurs prior to June 15, 2011, and the corporate transaction also constitutes a Fundamental Change, such Debentureholder will be entitled to receive, in addition to a number of shares of Common Stock equal to the
Conversion Rate per $1,000 Original Principal Amount of Debentures, an additional number of shares of Common Stock (the “Additional Shares”) as described below, subject in each case to the Company’s payment elections as
described in Section 15.03; provided that if the Stock Price is equal to or greater than $125.00 or less than $41.04 (subject in each case to adjustment as described below), the number of Additional Shares shall be zero. 

  
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 The number of Additional Shares will be determined by reference to the table attached as Schedule
A hereto, based on the Effective Date and the Stock Price; provided that if the Stock Price is between two Stock Price amounts in the table or the Effective Date is between two Effective Dates in the table, the number of Additional Shares
will be determined by a straight-line interpolation between the number of Additional Shares set forth for the higher and lower Stock Price amounts and the two dates, as applicable, based on a 365-day year. 

The Stock Prices set forth in the first row of the table in Schedule A hereto and set forth in the paragraph (d) above will be adjusted
as of any date on which the Conversion Rate of the Debentures is adjusted. The adjusted Stock Prices will equal the Stock Prices applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the Conversion Rate
immediately prior to the adjustment giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate as so adjusted. The number of Additional Shares will be adjusted in the same manner as the Conversion Rate as set forth
Section 15.05. 
 Notwithstanding the foregoing, in no event will the total number of shares of Common Stock issuable upon conversion
exceed 24.3665 per $1,000 Original Principal Amount of Debentures, subject to adjustments in the same manner as the Conversion Rate as set forth in Section 15.05. 

Section 15.02. Exercise of Conversion Privilege; Issuance of Common Stock on Conversion; No Adjustment for Interest or
Dividends. In order to exercise the conversion privilege with respect to any Debenture in certificated form, the Company must receive at the office or agency of the Company maintained for that purpose or, at the option of such holder, the
Corporate Trust Office, such Debenture with the original or facsimile of the form entitled “Form of Conversion Notice” on the reverse thereof, duly completed and manually signed, together with such Debentures duly endorsed for
transfer, accompanied by the funds, if any, required by this Section 15.02. Such notice shall also state the name or names (with address or addresses) in which the certificate or certificates for shares of Common Stock which shall be issuable
on such conversion shall be issued, and to whom the cash payable on such conversion shall be delivered, and shall be accompanied by transfer or similar taxes, if required pursuant to Section 15.07. 

In order to exercise the conversion privilege with respect to any interest in a Global Debenture, the beneficial holder must complete, or
cause to be completed, the appropriate instruction form for conversion pursuant to the Depositary’s book-entry conversion program, deliver, or cause to be delivered, by book-entry delivery an interest in such Global Debenture, furnish
appropriate endorsements and transfer documents if required by the Company or the Trustee or Conversion Agent, and pay the funds, if any, required by this Section 15.02 and any transfer taxes if required pursuant to Section 15.07. 

  
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 As promptly as practicable after satisfaction of the requirements for conversion set forth above,
but no later than the fifth Business Day after the Conversion Date (as defined below), subject to Section 15.03 hereof and subject to compliance with any restrictions on transfer if shares issuable on conversion are to be issued in a name other
than that of the Debentureholder (as if such transfer were a transfer of the Debenture or Debentures (or portion thereof) so converted), the Company shall issue and shall deliver through the Conversion Agent to such Debentureholder at the office or
agency maintained by the Company for such purpose pursuant to Section 5.02, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Debenture or portion thereof as determined by the
Company in accordance with the provisions of this Article 15, or if the Common Stock is eligible for transfer through The Depository Trust Company, the Company shall make a book-entry transfer of such number of shares of Common Stock through The
Depository Trust Company, and a check or cash in respect of any fractional interest in respect of a share of Common Stock arising upon such conversion, calculated by the Company as provided in Section 15.03. In case any Debenture of a
denomination greater than $1,000 shall be surrendered for partial conversion, and subject to Section 2.03, the Company shall execute and the Trustee shall authenticate and deliver to the holder of the Debenture so surrendered, without charge to
him, a new Debenture or Debentures in authorized denominations in an aggregate Original Principal Amount equal to the unconverted portion of the surrendered Debenture. 

Each conversion shall be deemed to have been effected as to any such Debenture (or portion thereof) on the date on which the requirements set
forth above in this Section 15.02 have been satisfied as to such Debenture (or portion thereof) (such date, the “Conversion Date”), and the Person in whose name any certificate or certificates for shares of Common Stock shall
be issuable upon such conversion shall be deemed to have become on said date the holder of record of the shares represented thereby; provided that any such surrender on any date when the stock transfer books of the Company shall be closed
shall constitute the Person in whose name the certificates are to be issued as the record holder thereof for all purposes on the next succeeding day on which such stock transfer books are open, but such conversion shall be at the Conversion Rate in
effect on the date upon which such Debenture shall be surrendered. 
 Any Debenture or portion thereof surrendered for conversion during the
period from the close of business on any Regular Record Date to the opening of business on the immediately following Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of
an amount equal to the Interest otherwise payable 

  
 79 

 
on such Interest Payment Date on the Original Principal Amount being converted; provided that no such payment need be made (1) if the Company has specified a Redemption Date that is
after a Regular Record Date and on or prior to the Business Day immediately following the next Interest Payment Date, (2) if the Company has specified a Repurchase Date following a Fundamental Change that is after a Regular Record Date and
prior to the next Interest Payment Date or (3) to the extent of any overdue Interest, if any overdue Interest exists at the time of conversion with respect to such Debenture. Except as provided above in this Section 15.02, no payment or
other adjustment shall be made for Interest accrued on any Debenture converted (other than the payment of Additional Amounts, if any) or for dividends on any shares issued upon the conversion of such Debenture as provided in this Article 15. 

Upon the conversion of an interest in a Global Debenture, the Trustee (or other Conversion Agent appointed by the Company), or the Custodian
at the direction of the Trustee (or other Conversion Agent appointed by the Company), shall make a notation on such Global Debenture as to the reduction in the Original Principal Amount represented thereby. The Company shall notify the Trustee in
writing of any conversions of Debentures effected through any Conversion Agent other than the Trustee. 
 Upon the conversion of a
Debenture, that portion of the accrued but unpaid Interest with respect to the converted Debenture shall not be cancelled, extinguished or forfeited, but rather shall be deemed to be paid in full to the holder thereof through delivery of the Common
Stock (together with the cash payment, if any in lieu of fractional shares) in exchange for the Debenture being converted pursuant to the provisions hereof; and the fair market value of such shares of Common Stock (together with any such cash
payment in lieu of fractional shares) shall be treated as issued, to the extent thereof, first in exchange for and in satisfaction of the Company’s obligation to pay the Accreted Principal Amount of the converted Debenture and the accrued but
unpaid Interest, and the balance, if any, of such fair market value of such Common Stock (and any such cash payment) shall be treated as issued in exchange for and in satisfaction of the right to convert the Debenture being converted pursuant to the
provisions hereof. 
 Section 15.03. Payment Upon Conversion; Cash Payments in Lieu of Fractional Shares. (a) In the event
that the Company receives notice of conversion on or prior to the day that is twenty (20) days prior to Stated Maturity or, with respect to Debentures being redeemed, the applicable Redemption Date (the “Final Notice Date”),
the following procedures will apply: 
 If the Company chooses to satisfy all or any portion of the Company’s obligation (the
“Conversion Obligation”) in cash, the Company will notify the holder through the Trustee of the dollar amount to be satisfied in cash (which must be expressed either as 100% of the Conversion Obligation or as a fixed

  
 80 

 
dollar amount) at any time on or before the date that is two Business Days following receipt of the notice of conversion (“Cash Settlement Notice Period”). If the Company timely
elects to pay cash for any portion of the shares otherwise issuable to such holder, the conversion notice may be retracted by the holder at any time during the two Business Day period beginning on the day after the final day of the Cash Settlement
Notice Period (“Conversion Retraction Period”); no such retraction can be made (and a conversion notice shall be irrevocable) if the Company does not elect to deliver cash in lieu of shares (other than cash in lieu of fractional
shares). If the conversion notice has not been retracted, then settlement (in cash and/or shares) will occur on the Business Day following the final day of the ten (10) Trading Day period beginning on the day after the final day of the
Conversion Retraction Period. Settlement amounts will be computed as follows: 
 (i) If the Company elects to satisfy the
entire Conversion Obligation in shares, the Company will deliver to holders surrendering Debentures for conversion a number of shares equal to (1) the aggregate Original Principal Amount of Debentures to be converted divided by 1,000 multiplied
by (2) the sum of the Conversion Rate and the applicable number of Additional Shares issuable upon conversion of $1,000 Original Principal Amount of Debentures, if any, as described in Section 15.01(d). 

(ii) If the Company elects to satisfy the entire Conversion Obligation in cash, the Company will deliver to holders
surrendering Debentures for conversion cash in an amount equal to the product of: 
 (A) a number equal to (1) the
aggregate Original Principal Amount of Debentures to be converted divided by 1,000 multiplied by (2) the sum of the Conversion Rate and the applicable number of Additional Shares issuable upon conversion of $1,000 Original Principal Amount of
Debentures, if any, as described in Section 15.01(d), and 
 (B) the average of the Last Reported Sale Prices of the
Common Stock for the ten (10) consecutive Trading Days immediately following the date of the Company’s notice of its election to deliver cash (the “Cash Settlement Averaging Period”). 

(iii) If the Company elects to satisfy in cash a fixed portion of the Conversion Obligation other than the entire obligation,
or a percentage of the Conversion Obligation other than 100%, the Company will deliver to holders surrendering Debentures for conversion such cash amount (“Cash Amount”) and a number of shares equal to the excess, if any, of the
number of shares equal to (i) the aggregate Original Principal Amount of Debentures to be converted divided by 1,000, multiplied by (ii) the sum 

  
 81 

 
of the Conversion Rate and the applicable number of Additional Shares issuable upon conversion of $1,000 Original Principal Amount of Debentures, if any, as described in Section 15.01(d),
over the number of shares equal to the sum, for each day of the Cash Settlement Averaging Period, of (x) 10% of the Cash Amount (other than cash for fractional shares of Common Stock), divided by (y) the Last Reported Sale Price of the
Common Stock. In addition, the Company will pay cash for all fractional shares of Common Stock as described in Section 15.03(c) below. 

(b) In the event that the Company receives notice of conversion after the Final Notice Date, the Company will not send individual notices of
its election to satisfy all or any portion of the Conversion Obligation in cash. Instead, if the Company chooses to satisfy all or any portion of the Conversion Obligation in cash, the Company will send a single notice to the Trustee of the dollar
amount to be satisfied in cash (which must be expressed either as 100% of the Conversion Obligation or as a fixed dollar amount) at any time on or before the Final Notice Date. Settlement amounts will be computed in the same manner as set forth
under Section 15.03(a) above except that the “Cash Settlement Averaging Period” shall be the five consecutive Trading Days ending on the third Trading Day prior to the Conversion Date. For purposes of the formula set forth in
Section 15.03(a)(iii), 20% shall be used instead of 10%. Settlement (in cash and/or shares) will occur on the Business Day following the final day of such Cash Settlement Averaging Period. 

In addition, if a Debentureholder elects to convert its Debentures under Section 15.01(b) and it is entitled to Additional Shares, the
Company will not send individual notices of its election to satisfy all or any portion of the Conversion Obligation in cash. Instead, if the Company chooses to satisfy all or any portion of the Conversion Obligation in cash, the Company will send a
single notice to the Trustee of the dollar amount to be satisfied in cash (which must be expressed either as 100% of the Conversion Obligation or as a fixed dollar amount) in connection with the announcement of the relevant corporate transaction.
Settlement amounts will be computed in the same manner as set forth above under Section 15.03(a) except that (a) the reference to the average of the Last Reported Sale Prices of the Common Stock during the Cash Settlement Averaging Period
in Section 15.03(a)(ii)(B) shall mean the Stock Price used to determine the number of Additional Shares, (b) (i) the Cash Settlement Averaging Period referred to in Section 15.03(a)(iii) shall be the five consecutive Trading Days
up to but not including the Effective Date of the relevant corporate transaction and (ii) if holders of Common Stock receive only cash in such corporate transaction, the “Last Reported Sale Price of Common Stock” referred to
Section 15.03(a)(iii)(y) shall be deemed to be equal to such cash received per share, and (c) for purposes of the formula set forth in Section 15.03(a)(iii), 20% shall be used instead of 10%. Settlement will occur as promptly as
practicable after the later of the Conversion Date and the Effective Date of the relevant corporate transaction. 

  
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 (c) No fractional shares of Common Stock or scrip certificates representing fractional shares
shall be issued upon conversion of Debentures. If more than one Debenture shall be surrendered for conversion at one time by the same holder, the number of full shares that shall be issuable upon conversion shall be computed on the basis of the
aggregate Original Principal Amount of the Debentures (or specified portions thereof to the extent permitted hereby) so surrendered. If any fractional share of stock would be issuable upon the conversion of any Debenture or Debentures, the Company
shall make an adjustment and payment therefor in cash to the holder of Debentures at the Last Reported Sale Price on the last Trading Day immediately preceding the day on which the Debentures (or specified portions thereof) are deemed to have been
converted. 
 (d) Notwithstanding anything to the contrary in this Indenture, at any time prior to Stated Maturity, the Company may
irrevocably elect, in its sole discretion without the consent of the holders of the Debentures, by notice to the Trustee and the holders of the Debentures to satisfy in cash 100% of the Accreted Principal Amount of the Debentures converted after the
date of such election. After making such an election, the Company still may satisfy the remainder of the Conversion Obligation to the extent it exceeds the Accreted Principal Amount in cash or Common Stock or a combination of cash and Common Stock.
If the Company chooses to satisfy all or a portion of the remainder of the Conversion Obligation in cash, the Company will provide notice of such election in the same manner as set forth above under either clause (a) or (b), whichever is
applicable. If the Company chooses to satisfy all of the remainder of the Conversion Obligation in Common Stock, notice of the election to deliver cash for the Accreted Principal Amount will be deemed to have been provided on the last date of the
Cash Settlement Notice Period and the notice of conversion will not be retractable. Settlement amounts will be computed and settlement dates will be determined in the same manner as set forth above under clause (a) or (b), as applicable. 

Section 15.04. Conversion Rate. Each $1,000 Original Principal Amount of the Debentures shall be convertible into the number of
shares of Common Stock specified in the form of Debenture (herein called the “Conversion Rate”) attached as Exhibit A hereto (initially 18.8434 shares), subject to adjustment as provided in this Article 15. 

  
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 Section 15.05. Adjustment of Conversion Rate. The Conversion Rate shall be adjusted
from time to time by the Company as follows: 
 (a) If the Company issues shares of Common Stock as a dividend or distribution on shares of
the Common Stock, or effects a share split or share combination, the Conversion Rate will be adjusted based on the following formula: 
  

							
	CR’ = CR0	 	×	 	 OS’
	  	
	 	 	OS0	  	

 where, 
  

					
	CR0	  	=	  	the Conversion Rate in effect immediately prior to such event
			
	CR’	  	=	  	the Conversion Rate in effect immediately after such event
			
	OS0	  	=	  	the number of shares of Common Stock outstanding immediately prior to such event
			
	OS’	  	=	  	the number of shares of Common Stock outstanding immediately after such event.

 Such adjustment shall become effective immediately after the opening of business on the Business Day following the date fixed
for such determination. The Company will not pay any dividend or make any distribution on shares of Common Stock held in treasury by the Company. If any dividend or distribution of the type described in this Section 15.05(a) is declared but not
so paid or made, the Conversion Rate shall again be adjusted to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 

(b) If the Company issues to all or substantially all holders of its Common Stock any rights or warrants entitling them for a period of not
more than 45 days to subscribe for or purchase shares of Common Stock, at a price per share less than the Last Reported Sale Price of shares of Common Stock on the Business Day immediately preceding the time of announcement of such issuance, the
Conversion Rate will be adjusted based on the following formula (provided that the Conversion Rate will be readjusted to the extent that such rights or warrants are not exercised prior to their expiration): 

 

							
	CR’ = CR0	 	×	 	 OS0 + X
	  	
	 	 	OS0 + Y	  	

 where, 
  

					
	CR0	  	=	  	the Conversion Rate in effect immediately prior to such event
			
	CR’	  	=	  	the Conversion Rate in effect immediately after such event
			
	OS0	  	=	  	the number of shares of Common Stock outstanding immediately prior to such event
			
	X	  	=	  	the total number of shares of Common Stock issuable pursuant to such rights
			
	Y	  	=	  	the number of shares of Common Stock equal to the aggregate price payable to exercise such rights divided by the average of the Last Reported Sale Prices of Common Stock for the ten consecutive Trading Days prior to the Business Day
immediately preceding the Record Date for the issuance of such rights.

  
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 Such adjustment shall be successively made whenever any such rights or warrants are issued and shall become
effective immediately after the opening of business on the Business Day following the date fixed for such determination. The Company shall not issue any such rights, options or warrants in respect of shares of Common Stock held in treasury by the
Company. To the extent that shares of Common Stock are not delivered after the expiration of such rights or warrants, the Conversion Rate shall be readjusted to the Conversion Rate that would then be in effect had the adjustments made upon the
issuance of such rights or warrants been made on the basis of delivery of only the number of shares of Common Stock actually delivered. If such rights or warrants are not so issued, the Conversion Rate shall again be adjusted to be the Conversion
Rate that would then be in effect if such date fixed for the determination of shareholders entitled to receive such rights or warrants had not been fixed. 

In determining whether any rights or warrants entitle the holders to subscribe for or purchase shares of Common Stock at less than such Last Reported Sale
Price, and in determining the aggregate offering price of such shares of Common Stock, there shall be taken into account any consideration received by the Company for such rights or warrants and any amount payable on exercise or conversion thereof,
the value of such consideration, if other than cash, to be determined by the Board of Directors. 
 (c) If the Company distributes shares of
its capital stock, evidences of its indebtedness or other assets or property of the Company to all or substantially all holders of the Common Stock, excluding: 

(i) dividends, distributions and rights or warrants referred to in clause (a) or (b) above; and 

(ii) dividends or distributions paid exclusively in cash; 

  
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 then the Conversion Rate will be adjusted based on the following formula: 

 

							
	CR’ = CR0	 	×	 	 SP0
	  	
	 	 	Sp0 – FMV	  	

 where, 
  

					
	CR0	  	=	  	the Conversion Rate in effect immediately prior to such distribution
			
	CR’	  	=	  	the Conversion Rate in effect immediately after such distribution
			
	SP0	  	=	  	the average of the Last Reported Sale Prices of the Common Stock for the ten days prior to the Business Day immediately preceding the record date for such distribution
			
	FMV	  	=	  	the fair market value (as determined by the Board of Directors) of the shares of capital stock, evidences of indebtedness, assets or property distributed with respect to each outstanding share of Common Stock on the Record Date for
such distribution.

 Such adjustment shall become effective immediately prior to the opening of business on the Business Day
following the date fixed for the determination of shareholders entitled to receive such distribution. 
 With respect to an adjustment
pursuant to this clause (c) where there has been a payment of a dividend or other distribution on the Common Stock or shares of capital stock of any class or series, or similar equity interest, of or relating to a subsidiary or other business
unit (a “Spin-Off”) the Conversion Rate in effect immediately before the close of business on the Record Date fixed for determination of shareholders entitled to receive the distribution will be increased based on the following
formula: 
  

							
	CR’ = CR0	 	×	 	 FMV0 + MP0
	  	
	 	 	MP0	  	

 where, 
  

					
	CR0	  	=	  	the Conversion Rate in effect immediately prior to such distribution
			
	CR’	  	=	  	the Conversion Rate in effect immediately after such distribution
			
	FMV0	  	=	  	the average of the Last Reported Sale Prices of the capital stock or similar equity interest distributed to holders of Common Stock applicable to one share of Common Stock over the first 10 Trading Days after the effective date of
the Spin-Off
			
	MP0	  	=	  	the average of the Last Reported Sale Prices of Common Stock over the first 10 consecutive Trading Days after the effective date of the Spin-Off.

  
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 Such adjustment shall occur on the tenth Trading Day from, and including, the effective date of
the Spin-Off. 
 (d) If the Company makes any cash dividend or distribution during any quarterly fiscal period to all or substantially all
holders of Common Stock, in an aggregate amount that, together with other cash dividends or distributions made during such quarterly fiscal period, exceeds the product of $0.16 (appropriately adjusted from time to time for any share dividends on or
subdivisions of the Common Stock) multiplied by the number of shares of Common Stock outstanding on the Record Date for such distribution, the Conversion Rate will be adjusted based on the following formula: 

 

							
	CR’ = CR0	 	×	 	 SP0
	  	
	 	 	SP0 – C	  	

 where, 
  

					
	CR0	  	=	  	the Conversion Rate in effect immediately prior to the Record Date for such distribution
			
	CR’	  	=	  	the Conversion Rate in effect immediately after the Record Date for such distribution
			
	SP0	  	=	  	the average of the Last Reported Sale Prices of the Common Stock for the ten consecutive Trading Days prior to the Business Day immediately preceding the Record Date of such distribution
			
	C	  	=	  	the amount in cash per share the Company distributes to holders of Common Stock that exceeds $0.16 (appropriately adjusted from time to time for any share dividends on, or subdivisions of, Common Stock).

 Such adjustment shall become effective immediately after the close of business on the date for such
determination. 
 (e) If the Company or any of its Subsidiaries purchases shares of the Common Stock pursuant to a tender or exchange offer
which involves an aggregate per share consideration that exceeds the Last Reported Sale Price of the Common Stock on the Trading Day next succeeding the last date on which 

  
 87 

 
tenders or exchanges may be made pursuant to such tender or exchange offer (such last date, the “Expiration Time”), the Conversion Rate will be increased based on the following
formula: 
  

							
	CR’ = CR0	 	×	  	 AC + (SP’ × OS’)
	  	
	 	  	OS0 × SP’	  	

 where, 
  

					
	CR0	  	=	  	the Conversion Rate in effect on the date such tender offer expires
			
	CR’	  	=	  	the Conversion Rate in effect on the day next succeeding the date such tender offer expires
			
	AC	  	=	  	the aggregate value of all cash and any other consideration (as determined by the Board of Directors) paid or payable for shares purchased in such tender offer
			
	OS0	  	=	  	the number of shares of Common Stock outstanding immediately prior to the date such tender offer expires
			
	OS’	  	=	  	the number of shares of Common Stock outstanding immediately after the date such tender offer expires
			
	SP’	  	=	  	the average of the Last Reported Sale Prices of Common Stock for the ten consecutive trading days commencing on the Trading Day next succeeding the date such tender offer expires.

 If the Company is obligated to purchase shares pursuant to any such tender or exchange offer, but the Company is permanently
prevented by applicable law from effecting any such purchases or all such purchases are rescinded, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such tender or exchange offer had not been made.

 If, however, the application of the foregoing formula would result in a decrease in the Conversion Rate, no adjustment to the Conversion Rate will be
made. 
 Except as stated herein, the Company will not adjust the Conversion Rate for the issuance of shares of Common Stock or any securities convertible
into or exchangeable for shares of Common Stock or the right to purchase shares of Common Stock or such convertible or exchangeable securities. 

(f) [Reserved] 

  
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 (g) Notwithstanding the foregoing provisions of this Section 15.05, no adjustment shall be
made thereunder, nor shall an adjustment be made to the ability of a Holder of a Debenture to convert, for any distribution described therein if the Holder will otherwise participate in the distribution without conversion of such Holder’s
Debentures. 
 (h) The Company may (but is not required to) make such increases in the Conversion Rate, in addition to those required by
clauses (a) through (e) of this Section 15.05 as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock in connection with a dividend or
distribution of shares (or rights to acquire shares) or any similar event treated as such for income tax purposes. 
 To the extent
permitted by applicable law, the Company from time to time may increase the Conversion Rate by any amount for any period of at least twenty (20) days if the Board of Directors shall have made a determination that such increase would be in the
best interests of the Company, which determination shall be conclusive. Whenever the Conversion Rate is increased pursuant to the preceding sentence, the Company shall mail to holders of record of the Debentures a notice of the increase at least
fifteen (15) days prior to the date the increased Conversion Rate takes effect, and such notice shall state the increased Conversion Rate and the period during which it will be in effect. 

(i) No adjustment to the Conversion Rate need be made: 

(i) upon the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment of
dividends or interest payable on securities of the Company and the investment of additional optional amounts in shares of Common Stock under any plan; 

(ii) upon the issuance of any shares of Common Stock or options or rights to purchase those shares pursuant to any present or
future employee, director or consultant benefit plan or program of or assumed by the Company or any of its Subsidiaries; 

(iii) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right, or exercisable, exchangeable or
convertible security not described in (ii) above and outstanding as of the date the Debentures were first issued; 

(iv) for a change in the par value of the Common Stock; or 

(v) for accrued and unpaid Interest. 

  
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 To the extent the Debentures become convertible into cash, assets or property (other than capital stock of the
Company or securities to which Section 15.06 applies), no adjustment shall be made thereafter as to the cash, assets or property. Interest shall not accrue on such cash, assets or property. 

(j) All calculations under this Article 15 shall be made by the Company and shall be made to the nearest cent or to the nearest one-ten
thousandth (1/10,000) of a share, as the case may be. 
 (k) Whenever the Conversion Rate is adjusted as herein provided, the Company
shall promptly file with the Trustee and any Conversion Agent other than the Trustee an Officers’ Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief statement of the facts requiring such adjustment.
Unless and until a Responsible Officer of the Trustee shall have received such Officers’ Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Conversion Rate and may assume that the last Conversion Rate of
which it has knowledge is still in effect. Promptly after delivery of such certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate setting forth the adjusted Conversion Rate and the date on which each adjustment
becomes effective and shall mail such notice of such adjustment of the Conversion Rate to the holder of each Debenture at his last address appearing on the Debenture Register provided for in Section 2.05 of this Indenture, within twenty
(20) days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of any such adjustment. 

(l) In any case in which this Section 15.05 provides that an adjustment shall become effective immediately after (1) a record date
or Stock Record Date for an event, (2) the date fixed for the determination of shareholders entitled to receive a dividend or distribution pursuant to Section 15.05(a), (3) a date fixed for the determination of shareholders entitled
to receive rights or warrants pursuant to Section 15.05(b) or (4) the Expiration Time for any tender or exchange offer pursuant to Section 15.05(e), (each a “Determination Date”), the Company may elect to defer until
the occurrence of the applicable Adjustment Event (as hereinafter defined) (x) issuing to the holder of any Debenture converted after such Determination Date and before the occurrence of such Adjustment Event, the additional shares of Common
Stock or other securities issuable upon such conversion by reason of the adjustment required by such Adjustment Event over and above the Common Stock issuable upon such conversion before giving effect to such adjustment and (y) paying to such
holder any amount in cash in lieu of any fraction pursuant to Section 15.03. For purposes of this Section 15.05(l), the term “Adjustment Event” shall mean: 

(i) in any case referred to in clause (1) hereof, the occurrence of such event, 

  
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 (ii) in any case referred to in clause (2) hereof, the date any such
dividend or distribution is paid or made, 
 (iii) in any case referred to in clause (3) hereof, the date of expiration
of such rights or warrants, and 
 (iv) in any case referred to in clause (4) hereof, the date a sale or exchange of
Common Stock pursuant to such tender or exchange offer is consummated and becomes irrevocable. 
 (m) For purposes of this
Section 15.05, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of
Common Stock. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company. 

Section 15.06. Effect of Reclassification, Consolidation, Merger or Sale. If any of the following events occur, namely
(i) any reclassification or change of the outstanding shares of Common Stock (other than a subdivision or combination to which Section 15.05(c) applies), (ii) any consolidation, merger, binding share exchange or combination of the
Company with another Person as a result of which holders of Common Stock shall be entitled to receive cash, securities or other property with respect to or in exchange for such Common Stock, or (iii) any sale or conveyance of all or
substantially all of the properties and assets of the Company to any other Person as a result of which holders of Common Stock shall be entitled to receive cash, securities or other property with respect to or in exchange for such Common Stock, then
the Company or the successor or purchasing Person, as the case may be, shall execute with the Trustee a supplemental indenture (which shall comply with the Trust Indenture Act as in force at the date of execution of such supplemental indenture)
providing that each Debenture shall be convertible into the kind and amount of cash, securities or other property receivable upon such reclassification, change, consolidation, merger, binding share exchange, combination, sale or conveyance by a
holder of a number of shares of Common Stock issuable upon conversion of such Debentures (assuming, for such purposes, a sufficient number of authorized shares of Common Stock are available to convert all such Debentures) immediately prior to such
reclassification, change, consolidation, merger, binding share exchange, combination, sale or conveyance assuming such holder of Common Stock did not exercise his rights of election, if any, as to the kind or amount of cash, securities or other
property receivable upon such reclassification, change, consolidation, merger, binding share exchange, combination, sale or conveyance (provided that, if the kind or amount of cash, securities or other property receivable upon such
reclassification, change, consolidation, merger, binding share exchange, combination, sale or conveyance is not the same for each share of Common Stock 

  
 91 

 
in respect of which such rights of election shall not have been exercised (“non-electing share”), then for the purposes of this Section 15.06 the kind and amount of cash,
securities or other property receivable upon such reclassification, change, consolidation, merger, binding share exchange, combination, sale or conveyance for each non-electing share shall be deemed to be the kind and amount so receivable per share
by a plurality of the non-electing shares). Such supplemental indenture shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Article 15. 

The Company shall cause notice of the execution of such supplemental indenture to be mailed to each holder of Debentures, at its address
appearing on the Debenture Register provided for in Section 2.05 of this Indenture, within twenty (20) days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of such supplemental indenture.

 The above provisions of this Section shall similarly apply to successive reclassifications, changes, consolidations, mergers, binding
share exchanges, combinations, sales and conveyances. 
 If this Section 15.06 applies to any event or occurrence, Section 15.05
shall not apply. 
 Section 15.07. Taxes on Shares Issued. The issue of stock certificates on conversions of Debentures shall be
made without charge to the converting Debentureholder for any documentary, stamp or similar issue or transfer tax in respect of the issue thereof. The Company shall not, however, be required to pay any such tax which may be payable in respect of any
transfer involved in the issue and delivery of stock in any name other than that of the holder of any Debenture converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons
requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. 

Section 15.08. Reservation of Shares, Shares to Be Fully Paid; Compliance with Governmental Requirements; Listing of
Common Stock. The Company shall provide, free from preemptive rights, out of its authorized but unissued shares or shares held in treasury, sufficient shares of Common Stock to provide for the conversion of the Debentures from time to time as
such Debentures are presented for conversion. 
 Before taking any action which would cause an adjustment increasing the Conversion Rate to
an amount that would cause the Conversion Price to be reduced below the then par value, if any, of the shares of Common Stock issuable upon conversion of the Debentures, the Company will take all corporate action which may, in the opinion of its
counsel, be necessary in order that the Company may validly and legally issue shares of such Common Stock at such adjusted Conversion Rate. 

  
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 The Company covenants that all shares of Common Stock which may be issued upon conversion of
Debentures will upon issue be fully paid and non-assessable by the Company and free from all taxes, liens and charges with respect to the issue thereof. 

The Company covenants that, if any shares of Common Stock to be provided for the purpose of conversion of Debentures hereunder require
registration with or approval of any governmental authority under any federal or state law before such shares may be validly issued upon conversion, the Company will in good faith and as expeditiously as possible, to the extent then permitted by the
rules and interpretations of the Commission (or any successor thereto), endeavor to secure such registration or approval, as the case may be. 

The Company further covenants that, if at any time the Common Stock shall be listed on the New York Stock Exchange, Nasdaq National Market or
any other national securities exchange or automated quotation system, the Company will, if permitted by the rules of such exchange or automated quotation system, list and keep listed, so long as the Common Stock shall be so listed on such exchange
or automated quotation system, all Common Stock issuable upon conversion of the Debentures; provided that if the rules of such exchange or automated quotation system permit the Company to defer the listing of such Common Stock until the first
conversion of the Debentures into Common Stock in accordance with the provisions of this Indenture, the Company covenants to list such Common Stock issuable upon conversion of the Debentures in accordance with the requirements of such exchange or
automated quotation system at such time. 
 Section 15.09. Responsibility of Trustee. The Trustee and any other Conversion Agent
shall not at any time be under any duty or responsibility to the Company or any holder of Debentures to determine the Conversion Rate or whether any facts exist which may require any adjustment of the Conversion Rate, or with respect to the nature
or extent or calculation of any such adjustment when made, or with respect to the method employed, or herein or in any supplemental indenture provided to be employed, in making the same. The Trustee and any other Conversion Agent shall not be
accountable with respect to the validity or value (or the kind or amount) of any shares of Common Stock, or of any securities or property, which may at any time be issued or delivered upon the conversion of any Debenture; and the Trustee and any
other Conversion Agent make no representations with respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to issue, transfer or deliver any shares of Common Stock or stock certificates or
other securities or property or cash upon the surrender of any Debenture for the purpose 

  
 93 

 
of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this Article 15. Without limiting the generality of the foregoing, neither the Trustee
nor any Conversion Agent shall be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant to Section 15.06 relating either to the kind or amount of shares of stock or
securities or property (including cash) receivable by Debentureholders upon the conversion of their Debentures after any event referred to in such Section 15.06 or to any adjustment to be made with respect thereto, but, subject to the
provisions of Section 8.01, may accept as conclusive evidence of the correctness of any such provisions, and shall be protected in relying upon, the Officers’ Certificate (which the Company shall be obligated to file with the Trustee prior
to the execution of any such supplemental indenture) with respect thereto. 
 Section 15.10. Notice to Holders Prior to Certain
Actions. In case: 
 (a) the Company shall declare a dividend (or any other distribution) on its Common Stock that would require an
adjustment in the Conversion Rate pursuant to Section 15.05; or 
 (b) the Company shall authorize the granting to the holders of all
or substantially all of its Common Stock of rights or warrants to subscribe for or purchase any share of any class or any other rights or warrants; or 

(c) of any reclassification or reorganization of the Common Stock of the Company (other than a subdivision or combination of its outstanding
Common Stock, or a change in par value, or from par value to no par value, or from no par value to par value), or of any consolidation or merger to which the Company is a party and for which approval of any shareholders of the Company is required,
or of the sale or transfer of all or substantially all of the assets of the Company; or 
 (d) of the voluntary or involuntary dissolution,
liquidation or winding up of the Company; 
 the Company shall cause to be filed with the Trustee and to be mailed to each holder of Debentures at his
address appearing on the Debenture Register provided for in Section 2.05 of this Indenture, as promptly as possible but in any event at least ten (10) days prior to the applicable date hereinafter specified, a notice stating (x) the
date on which a record is to be taken for the purpose of such dividend, distribution or rights or warrants, or, if a record is not to be taken, the date as of which the holders of Common Stock of record to be entitled to such dividend, distribution
or rights are to be determined, or (y) the date on which such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding up is expected to become effective or occur, and the date as of which it is expected that
holders of Common Stock of record shall be entitled to exchange 

  
 94 

 
their Common Stock for securities or other property deliverable upon such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding up. Failure to give such
notice, or any defect therein, shall not affect the legality or validity of such dividend, distribution, reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding up. 

Section 15.11. Shareholder Rights Plan. To the extent that the Company has a rights plan in effect upon conversion of the
Debentures into Common Stock, the Debentureholder will receive, in addition to the Common Stock, the rights under the rights plan, unless prior to any conversion, the rights have separated from the Common Stock, in which case the Conversion Rate
will be adjusted at the time of separation as if the Company distributed to all holders of Common Stock, shares of the Company’s capital stock, evidences of indebtedness or assets as described in Section 15.04(c) above, subject to
readjustment in the event of the expiration, termination or redemption of such rights. In lieu of any such adjustment, the Company may amend such applicable shareholder rights agreement to provide that upon conversion of the debentures the holders
will receive, in addition to the Common Stock issuable upon such conversion, the rights which would have attached to such Common Stock if the rights had not become separated from the Common Stock under such applicable shareholder rights agreement.

 ARTICLE 16 

MISCELLANEOUS PROVISIONS 

Section 16.01. Provisions Binding on Company’s Successors. All the covenants, stipulations, promises and agreements by the
Company contained in this Indenture shall bind its successors and assigns whether so expressed or not. 
 Section 16.02. Official
Acts by Successor Corporation. Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and
effect by the like board, committee or officer of any Person that shall at the time be the lawful sole successor of the Company. 

Section 16.03 Addresses for Notices, Etc.. Any request, notice or demand which by any provision of this Indenture is required or
permitted to be given or served by the Trustee or by the holders of Debentures on the Company shall be deemed to have been sufficiently given or made, for all purposes, if delivered by messenger or overnight carrier, given or served by being
deposited postage prepaid by registered or certified mail in a post office letter box or sent by telecopier transmission addressed as follows: to Kellwood Company, 600 Kellwood Parkway, Chesterfiled, Missouri 63017, Telecopier No.:
(314) 576-3388, 

  
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Attention: Treasurer. Any notice, direction, request or demand hereunder to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if delivered by
messenger or overnight carrier, given or served by being deposited, postage prepaid, by registered or certified mail in a post office letter box or sent by telecopier transmission addressed as follows: Union Bank of California, N.A., 120 S, San
Pedro Street, 4th Floor, Los Angeles, CA 90012, Telecopier No.: (213) 972-5694, Attention: Corporate Trust Department; provided, however, that the Trustee shall not be deemed to have received notice until such notice is actually received. 

The Company or the Trustee, by notice to the other, may designate additional or different addresses for subsequent notices or communications.

 Any notice or communication mailed to a Debentureholder shall be mailed to him by first class mail, postage prepaid, at his address as it
appears on the Debenture Register and shall be sufficiently given to him if so mailed within the time prescribed. 
 Failure to mail a
notice or communication to a Debentureholder or any defect in it shall not affect its sufficiency with respect to other Debentureholders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the
addressee receives it. 
 Section 16.04. Governing Law. This Indenture and each Debenture shall be deemed to be a contract made
under the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of the State of New York (including Section 5-1401 of the New York General Obligations Law or any successor to such statute). 

Section 16.05. Evidence of Compliance with Conditions Precedent, Certificates to Trustee. Upon any application, request or demand
by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with, and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or
covenant provided for in this Indenture shall include: (1) a statement that the person making such certificate or opinion has read such covenant or condition; (2) a brief statement as to the nature and scope of the examination or
investigation upon which the statement or opinion contained in such certificate or opinion is based; (3) a statement that, in the opinion of such person, he has made such examination or 

  
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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 or not,
in the opinion of such person, such condition or covenant has been complied with. 
 Section 16.06. Legal Holidays. In any case
in which the date of maturity of Interest on or principal of the Debentures or the Redemption Date of any Debenture or any Repurchase Date with respect to any Debenture will not be a Business Day, then payment of such Interest on or the Accreted
Principal Amount of the Debentures 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 date of maturity or the Redemption Date or the Repurchase Date, as the case may
be, and no interest shall accrue for the period from and after such date. 
 Section 16.07. Company Responsible for Making
Calculations. The Company will be responsible for making all calculations called for under this Indenture. These calculations include, but are not limited to, determination of the Last Reported Sale Price, Spin-Off Market Price and Trading
Price, the amount of accrued Interest (including any Contingent Interest and Additional Amounts) payable on the Debentures, the Accreted Principal Amount and the Conversion Rate of the Debentures. The Company will make these calculations in good
faith and, absent manifest error, these calculations will be final and binding on the Debentureholders. Promptly after the calculation thereof, the Company will provide to each of the Trustee and the Conversion Agent an Officers’ Certificate
setting forth a schedule of its calculations, and each of the Trustee and the Conversion Agent is entitled to conclusively rely upon the accuracy of such calculations without independent verification. The Trustee will forward the Company’s
calculations to any Holder upon the written request of such Holder. 
 Section 16.08. Trust Indenture Act. This Indenture is
hereby made subject to, and shall be governed by, the provisions of the Trust Indenture Act required to be part of and to govern indentures qualified under the Trust Indenture Act; provided that unless otherwise required by law,
notwithstanding the foregoing, this Indenture and the Debentures issued hereunder shall not be subject to the provisions of subsections (a)(1), (a)(2), and (a)(3) of Section 314 of the Trust Indenture Act as now in effect or as hereafter
amended or modified; provided further that this Section 16.08 shall not require this Indenture or the Trustee to be qualified under the Trust Indenture Act prior to the time such qualification is in fact required under the terms of the
Trust Indenture Act, nor shall it constitute any admission or acknowledgment by any party to the Indenture that any such qualification is required prior to the time such qualification is in fact required under the terms of the Trust Indenture Act.
If any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in an indenture qualified under the Trust Indenture Act, such required provision shall control. 

  
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 Section 16.09. No Security Interest Created. Except as provided in Section 8.06,
nothing in this Indenture or in the Debentures, expressed or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction in
which property of the Company or its subsidiaries is located. 
 Section 16.10. Benefits of Indenture. Nothing in this Indenture
or in the Debentures, express or implied, shall give to any Person, other than the parties hereto, any Paying Agent, any authenticating agent, any Debenture Registrar and their successors hereunder and the holders of Debentures, any benefit or any
legal or equitable right, remedy or claim under this Indenture. 
 Section 16.11. Table of Contents, Headings, Etc. The table of
contents and the titles and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions
hereof. 
 Section 16.12. Authenticating Agent. The Trustee may appoint an authenticating agent that shall be authorized to act
on its behalf, and subject to its direction, in the authentication and delivery of Debentures in connection with the original issuance thereof and transfers and exchanges of Debentures hereunder, including under Sections 2.04, 2.05, 2.06, 2.07, 3.02
and 3.08, as fully to all intents and purposes as though the authenticating agent had been expressly authorized by this Indenture and those Sections to authenticate and deliver Debentures. For all purposes of this Indenture, the authentication and
delivery of Debentures by the authenticating agent shall be deemed to be authentication and delivery of such Debentures “by the Trustee” and a certificate of authentication executed on behalf of the Trustee by an authenticating agent shall
be deemed to satisfy any requirement hereunder or in the Debentures for the Trustee’s certificate of authentication. Such authenticating agent shall at all times be a Person eligible to serve as trustee hereunder pursuant to Section 8.09. 

Any corporation into which any authenticating agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, consolidation or conversion to which any authenticating agent shall be a party, or any corporation succeeding to the corporate trust business of any authenticating agent, shall be the successor of the authenticating agent
hereunder, if such successor corporation is otherwise eligible under this Section 16.12, without the execution or filing of any paper or any further act on the part of the parties hereto or the authenticating agent or such successor
corporation. 
 Any authenticating agent may at any time resign by giving written notice of resignation to the Trustee and to the Company.
The Trustee may at any time terminate the agency of any authenticating agent by giving written notice of 

  
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termination to such authenticating agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any authenticating agent shall cease to
be eligible under this Section, the Trustee shall either promptly appoint a successor authenticating agent or itself assume the duties and obligations of the former authenticating agent under this Indenture and, upon such appointment of a successor
authenticating agent, if made, shall give written notice of such appointment of a successor authenticating agent to the Company and shall mail notice of such appointment of a successor authenticating agent to all holders of Debentures as the names
and addresses of such holders appear on the Debenture Register. 
 The Company agrees to pay to the authenticating agent from time to time
such reasonable compensation for its services as shall be agreed upon in writing between the Company and the authenticating agent. 
 The
provisions of Sections 8.02, 8.03, 8.04 and 9.03 and this Section 16.12 shall be applicable to any authenticating agent. 

Section 16.13. Execution in Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be an
original, but such counterparts shall together constitute but one and the same instrument. 
 Section 16.14. Severability. In
case any provision in this Indenture or in the Debentures shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby. 
 Union Bank of California, N.A. hereby accepts the trusts in this Indenture declared and provided, upon the terms and
conditions herein above set forth. 
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 99 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed. 

 

			
	KELLWOOD COMPANY
		
	By:	 	 /s/ illegible

		 	Name:
		 	Title:
	
	UNION BANK OF CALIFORNIA, N.A., 
	 as Trustee

		
	By:	 	 /s/ illegible

		 	Name:
		 	Title:

 SCHEDULE A 

The following table sets forth the number of Additional Shares to be received per $1,000 Original Principal Amount of Debentures: 

 

																																																													
	 Stock Price
	 	$	41.04	  	 	$	47.00	  	 	$	53.00	  	 	$	59.00	  	 	$	65.00	  	 	$	71.00	  	 	$	77.00	  	 	$	83.00	  	 	$	89.00	  	 	$	95.00	  	 	$	101.00	  	 	$	107.00	  	 	$	113.00	  	 	$	119.00	  	 	$	125.00	  
																
	 Effective Date
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 June 15, 2004
	 	 	5.6231	  	 	 	4.2216	  	 	 	3.0930	  	 	 	2.2927	  	 	 	1.7114	  	 	 	1.2809	  	 	 	0.9571	  	 	 	0.7101	  	 	 	0.5205	  	 	 	0.3741	  	 	 	0.2609	  	 	 	0.1738	  	 	 	0.1072	  	 	 	0.0568	  	 	 	0.0000	  
	 June 15, 2005
	 	 	5.6231	  	 	 	4.2157	  	 	 	3.0474	  	 	 	2.2296	  	 	 	1.6435	  	 	 	1.2152	  	 	 	0.8974	  	 	 	0.6577	  	 	 	0.4757	  	 	 	0.3368	  	 	 	0.2306	  	 	 	0.1495	  	 	 	0.0883	  	 	 	0.0426	  	 	 	0.0000	  
	 June 15, 2006
	 	 	5.6231	  	 	 	4.1348	  	 	 	2.9339	  	 	 	2.1074	  	 	 	1.5258	  	 	 	1.1087	  	 	 	0.8050	  	 	 	0.5793	  	 	 	0.4109	  	 	 	0.2842	  	 	 	0.1888	  	 	 	0.1169	  	 	 	0.0634	  	 	 	0.0244	  	 	 	0.0000	  
	 June 15, 2007
	 	 	5.6231	  	 	 	4.1155	  	 	 	2.8467	  	 	 	1.9916	  	 	 	1.4048	  	 	 	0.9949	  	 	 	0.7037	  	 	 	0.4938	  	 	 	0.3409	  	 	 	0.2281	  	 	 	0.1451	  	 	 	0.0842	  	 	 	0.0395	  	 	 	0.0097	  	 	 	0.0000	  
	 June 15, 2008
	 	 	5.6231	  	 	 	3.9259	  	 	 	2.6062	  	 	 	1.7456	  	 	 	1.1781	  	 	 	0.7987	  	 	 	0.5409	  	 	 	0.3629	  	 	 	0.2385	  	 	 	0.1497	  	 	 	0.0864	  	 	 	0.0415	  	 	 	0.0096	  	 	 	0.0000	  	 	 	0.0000	  
	 June 15, 2009
	 	 	5.6231	  	 	 	3.6689	  	 	 	2.2686	  	 	 	1.4017	  	 	 	0.8691	  	 	 	0.5414	  	 	 	0.3374	  	 	 	0.2079	  	 	 	0.1252	  	 	 	0.0677	  	 	 	0.0290	  	 	 	0.0041	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  
	 June 15, 2010
	 	 	5.6231	  	 	 	3.2164	  	 	 	1.6815	  	 	 	0.8303	  	 	 	0.3952	  	 	 	0.1862	  	 	 	0.0885	  	 	 	0.0414	  	 	 	0.0160	  	 	 	0.0001	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  
	 June 15, 2011
	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  

 EXHIBIT A 

[Include only for Global Debentures:] 
 [UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (THE “DEPOSITARY”, WHICH TERM INCLUDES ANY SUCCESSOR DEPOSITARY FOR THE CERTIFICATES) TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREIN IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.] 
 [Include only for Debentures that are Restricted Securities:] 

[THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY
STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS
EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, (1) REPRESENTS THAT IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”)); (2) AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY OR ANY COMMON STOCK ISSUABLE UPON CONVERSION OF SUCH SECURITY, PRIOR
TO THE EXPIRATION OF THE HOLDING PERIOD APPLICABLE TO SALES OF THIS SECURITY UNDER RULE 144(k) UNDER THE SECURITIES ACT (OR ANY SUCCESSOR PROVISION), ONLY (A) TO KELLWOOD COMPANY (THE “ISSUER”), (B) PURSUANT TO A
REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT (AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER), (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, IN COMPLIANCE
WITH RULE 144A TO A PERSON IT REASONABLY 

 
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN
RELIANCE ON RULE 144A OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO
CLAUSE (D) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM; AND (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. THIS LEGEND WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF THIS SECURITY PURSUANT TO CLAUSE 2(B) ABOVE OR UPON ANY TRANSFER OF THIS SECURITY UNDER RULE 144 UNDER THE SECURITIES ACT (OR ANY SUCCESSOR
PROVISION).] 
 FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THIS DEBENTURE IS BEING ISSUED WITH ORIGINAL
ISSUE DISCOUNT. THE ISSUE PRICE OF EACH DEBENTURE IS $1,000 PER $1,000 OF ORIGINAL PRINCIPAL AMOUNT, AND THE ISSUE DATE IS JUNE 22, 2004. IN ADDITION, THIS DEBENTURE IS SUBJECT TO UNITED STATES FEDERAL INCOME TAX REGULATIONS GOVERNING CONTINGENT
PAYMENT DEBT INSTRUMENTS. FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE, THE COMPARABLE YIELD OF THIS DEBENTURE IS 7.65%, COMPOUNDED SEMI-ANNUALLY (WHICH WILL BE TREATED AS THE YIELD TO MATURITY FOR UNITED STATES FEDERAL
INCOME TAX PURPOSES). 
 THE ISSUER AGREES, AND BY ACCEPTING A BENEFICIAL OWNERSHIP INTEREST IN THIS DEBENTURE EACH HOLDER AND ANY BENEFICIAL OWNER OF THIS
DEBENTURE WILL BE DEEMED TO HAVE AGREED, FOR UNITED STATES FEDERAL INCOME TAX PURPOSES (1) TO TREAT THIS DEBENTURE AS A DEBT INSTRUMENT THAT IS SUBJECT TO TREAS. REG. SEC. 1.1275-4 (THE “CONTINGENT PAYMENT REGULATIONS”), (2) TO
TREAT THE FAIR MARKET VALUE OF ANY COMMON STOCK RECEIVED UPON ANY CONVERSION OF THIS DEBENTURE OR UPON A PURCHASE OF THIS DEBENTURE AT THE HOLDER’S OPTION AS A CONTINGENT PAYMENT FOR PURPOSES OF THE CONTINGENT PAYMENT REGULATIONS, AND
(3) TO ACCRUE INTEREST WITH RESPECT TO THE DEBENTURE AS ORIGINAL ISSUE DISCOUNT FOR UNITED STATES FEDERAL INCOME TAX PURPOSES ACCORDING TO THE “NONCONTINGENT BOND METHOD,” SET FORTH 

  
 A-2 

 
IN THE CONTINGENT PAYMENT REGULATIONS], AND TO BE BOUND BY THE ISSUER’S DETERMINATION OF THE “COMPARABLE YIELD” AND “PROJECTED PAYMENT SCHEDULE,” WITHIN THE MEANING OF
THE CONTINGENT PAYMENT REGULATIONS, WITH RESPECT TO THIS DEBENTURE. THE ISSUER AGREES TO PROVIDE PROMPTLY TO THE HOLDER OF THIS DEBENTURE, UPON WRITTEN REQUEST, THE ISSUE PRICE, AMOUNT OF TAX ORIGINAL ISSUE DISCOUNT, ISSUE DATE, YIELD TO MATURITY,
COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE. ANY SUCH WRITTEN REQUEST SHOULD BE SENT TO THE ISSUER AT THE FOLLOWING ADDRESS: KELLWOOD COMPANY, 600 KELLWOOD PARKWAY, CHESTERFIELD, MISSOURI 63017, ATTN: TREASURER. 

THE HOLDER OF THIS SECURITY IS ENTITLED TO THE BENEFITS OF A REGISTRATION RIGHTS AGREEMENT DATED JUNE 22, 2004 AND, BY ITS ACCEPTANCE HEREOF, AGREES TO BE
BOUND BY AND TO COMPLY WITH THE PROVISIONS OF SUCH REGISTRATION RIGHTS AGREEMENT. 

  
 A-3 

 KELLWOOD COMPANY 

3.50% CONVERTIBLE SENIOR DEBENTURE DUE 2034 

CUSIP: 488044 AE 8 
  

			
	No.     	  	Original Principal Amount $[180,000,000]

 Kellwood Company, a corporation duly organized and validly existing under the laws of the State of Delaware
(herein called the “Company”, which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received hereby promises to pay to [CEDE & CO.] or its registered assigns, the
Accreted Principal Amount (as defined in the Indenture referred to on the reverse side of this Security) on June 15, 2034 at the office or agency of the Company maintained for that purpose in accordance with the terms of the Indenture, in such
coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay regular interest, semiannually on June 15 and December 15 of each year, commencing
December 15, 2004, on the Original Principal Amount set forth on Schedule I hereto at said office or agency, in like coin or currency, at the rate per annum of 3.50%, from June 15 or December 15, as the case may be, next preceding the
date of this Debenture to which interest has been paid or duly provided for, unless the date hereof is a date to which interest has been paid or duly provided for, in which case from the date of this Debenture, or unless no interest has been paid or
duly provided for on the Debentures, in which case from June 22, 2004 until June 15, 2011. Notwithstanding the foregoing, if the date hereof is after any June 1 or December 1, as the case may be, and before the following
June 15 or December 15, this Debenture shall bear regular interest, if any, from such June 15 or December 15; provided that if the Company shall default in the payment of regular interest due on such June 15 or
December 15, then this Debenture shall bear regular interest from the next preceding June 15 or December 15 to which regular interest has been paid or duly provided for; and provided further that if no regular interest has been
paid or duly provided for on this Debenture, then this Debenture shall bear regular interest from June 22, 2004. Contingent Interest will accrue for the period commencing on June 20, 2011 and ending December 14, 2011 and thereafter
for any six-month period commencing on December 15, 2011 under the circumstances and in the amounts described in Article 4 of the Indenture and be payable semi-annually in arrears to the holders of this Debenture on the applicable Contingent
Interest Payment Date on the corresponding Record Date. Except as otherwise provided in the Indenture, Interest payable on the Debenture pursuant to the Indenture on any June 15 or December 15 will be paid to the Person entitled thereto as
it appears in the Debenture Register at the close of business on the Regular Record Date, which shall be the June 1 or December 1 (whether or not a Business Day) next preceding such June 15 or December 15, as provided in the
Indenture; provided that any 

  
 A-4 

 
such Interest not punctually paid or duly provided for shall be payable as provided in the Indenture. The Company shall pay Interest (i) on any Debentures in certificated form by check
mailed to the address of the Person entitled thereto as it appears in the Debenture Register (or, upon written notice, by wire transfer in immediately available funds, if such Person is entitled to interest on Debentures with an aggregate Original
Principal Amount in excess of $2,000,000) or (ii) on any Global Debenture by wire transfer of immediately available funds to the account of the Depositary or its nominee. 

After June 15, 2011, the Company will not pay regular interest. Instead, on June 15, 2034, the holder will receive the Accreted
Principal Amount, which will be equal to the Original Principal Amount increased daily at a fixed yield equal to 0% per annum until June 14, 2011 and commencing on June 15, 2011 equal to 3.50% per annum, or $2,221.18 on June 15,
2034. 
 The Company promises to pay interest on overdue Accreted Principal Amount and (to the extent that payment of such interest is
enforceable under applicable law) Interest at the rate of 3.50%, per annum, compounded semi-annually. 
 Reference is made to the
further provisions of this Debenture set forth on the reverse hereof, including, without limitation, provisions giving the holder of this Debenture the right to convert this Debenture into Common Stock, cash or a combination of cash and Common Stock
on the terms and subject to the limitations referred to on the reverse hereof and as more fully specified in the Indenture. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. 

This Debenture shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be construed in
accordance with and governed by the laws of the State of New York (including Section 5-1401 of the New York General Obligations Law or any successor to such statute). 

This Debenture shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been manually
signed by the Trustee or a duly authorized authenticating agent under the Indenture. 

  
 A-5 

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

 

			
	KELLWOOD COMPANY
		
	By:	 	  

 [Date of authentication] 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of
the Debentures described in the within-named Indenture. 
  

			
	 UNION BANK OF CALIFORNIA, N.A.

	 as Trustee

		
	By:	 	  

		 	Authorized Signatory

 , or 
  

					
	By:	 	  

		 	As Authenticating Agent
		 	(if different from Trustee)
			
		 	By:	 	  

		 		 	Authorized Signatory

  
 A-6 

 FORM OF REVERSE OF DEBENTURE 

KELLWOOD COMPANY 
 3.50%
CONVERTIBLE SENIOR DEBENTURE DUE 2034 
 This Debenture is one of a duly authorized issue of Debentures of the Company, designated as its
3.50% Convertible Senior Debentures due 2034 (herein called the “Debentures”), limited in aggregate Original Principal Amount to $180,000,000 (or up to $200,000,000 if the Initial Purchasers exercise their option in full), issued
and to be issued under and pursuant to an Indenture dated as of June 22, 2004 (herein called the “Indenture”), between the Company and Union Bank of California, N.A., as trustee (herein called the “Trustee”),
to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the holders of the Debentures.

 In case an Event of Default shall have occurred and be continuing, the Accreted Principal Amount of and accrued Interest on all
Debentures may be declared by either the Trustee or the holders of not less than 25% in aggregate Original Principal Amount of the Debentures then outstanding, and upon said declaration shall become, due and payable, in the manner, with the effect
and subject to the conditions provided in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with
the consent of the holders of at least a majority in aggregate Original Principal Amount of the Debentures at the time outstanding, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the
provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the holders of the Debentures; provided that no such supplemental indenture shall (i) extend the Stated Maturity of any Debenture, or
reduce the rate or extend the time of payment of Interest thereon, or reduce the Original Principal Amount thereof or the Accreted Principal Amount thereof or the accretion rate thereon, or reduce any amount payable upon redemption or repurchase
thereof, or impair the right of any Debentureholder to institute suit for the payment thereof, or make the Accreted Principal Amount thereof or Interest thereon payable in any coin or currency other than that provided in the Debentures, or affect
the obligation of the Company to redeem any Debenture on a Redemption Date in a manner adverse to the holders, or affect the obligation of the Company to repurchase any Debenture upon a Fundamental Change in a manner adverse to the holder of the
Debentures, or affect the obligation of the Company to repurchase any Debenture on a Company Repurchase Date in a manner adverse to the holder of the Debentures, or impair the right to convert the Debentures into Common Stock, cash or combination of
cash and Common Stock subject to the terms set forth in the Indenture, including 

  
 A-7 

 
Section 15.06 thereof, or reduce the number of shares of Common Stock, the amount of cash or the amount of other property receivable upon conversion, in each case without the consent of the
holder of each Debenture so affected, or modify any of the provisions of Section 11.02 or Section 7.07 thereof, except to increase any such percentage or to provide that certain other provisions of the Indenture cannot be modified or
waived without the consent of the holder of each Debenture so affected, or reduce the quorum or voting requirements set forth in Article 10 or (ii) reduce the aforesaid percentage in Original Principal Amount of Debentures, the holders of which
are required to consent to any such supplemental indenture, without the consent of the holders of all Debentures then outstanding. Subject to the provisions of the Indenture, the holders of a majority in aggregate Original Principal Amount of the
Debentures at the time outstanding may on behalf of the holders of all of the Debentures waive any past default or Event of Default under the Indenture and its consequences except (A) a default in the payment of Interest on or the Accreted
Principal Amount of any of the Debentures, (B) a failure by the Company to convert any Debentures into Common Stock, cash or a combination of cash and Common Stock in accordance with the terms of the Indenture, (C) a default in the payment
of the Redemption Price pursuant to Article 3 of the Indenture, (D) a default in the payment of the Company Repurchase Price or Fundamental Change Repurchase Price pursuant to Article 3 of the Indenture, or (E) a default in respect of a
covenant or provision of the Indenture which under Article 11 of the Indenture cannot be modified or amended without the consent of the holders of each or all Debentures then outstanding or affected thereby. Any such consent or waiver by the holder
of this Debenture (unless revoked as provided in the Indenture) shall be conclusive and binding upon such holder and upon all future holders and owners of this Debenture and any Debentures which may be issued in exchange or substitution hereof,
irrespective of whether or not any notation thereof is made upon this Debenture or such other Debentures. 
 No reference herein to the
Indenture and no provision of this Debenture or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the Accreted Principal Amount of and Interest on this Debenture at the place, at the
respective times, at the rate and in the coin or currency herein prescribed. 
 Interest on the Debentures shall be computed on the basis of
a 360-day year of twelve 30-day months. 
 The Debentures are issuable in fully registered form, without interest coupons, in denominations
of $1,000 Original Principal Amount and any multiple of $1,000. At the office or agency of the Company referred to on the face hereof, and in the manner and subject to the limitations provided in the Indenture, without payment of any service charge
but with payment of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection 

  
 A-8 

 
with any registration or exchange of Debentures, Debentures may be exchanged for a like aggregate Original Principal Amount of Debentures of any other authorized denominations. 

At any time on or after June 20, 2011 and prior to maturity, the Debentures may be redeemed at the option of the Company, in whole or in
part, in cash upon mailing a notice of such redemption not less than 30 days but not more than 60 days before the Redemption Date to the holders of Debentures at their last registered addresses, all as provided in the Indenture, at a Redemption
Price equal to 100% of the Accreted Principal Amount of debentures being redeemed plus accrued and unpaid Interest to, but excluding, the Redemption Date; provided that if the applicable Redemption Date is an Interest Payment Date, the
Interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such Debentures on the applicable record date instead of the holders surrendering such Debentures for redemption on such date.

 In no event will any Security be redeemable at the option of the Company before June 20, 2011. 

The Company may not give notice of any redemption of the Debentures if a default in the payment of Interest on the Debentures has occurred and
is continuing. 
 The Debentures are not subject to redemption through the operation of any sinking fund. 

If a Fundamental Change occurs at any time prior to maturity of the Debentures, this Debenture will be redeemable on a Fundamental Change
Repurchase Date, specified by the Company, which shall be no later than 30 days after notice thereof, at the option of the holder of this Debenture at a Fundamental Change Repurchase Price equal to 100% of the Accreted Principal Amount thereof,
together with accrued Interest to (but excluding) the Fundamental Change Repurchase Date; provided that if the applicable Fundamental Change Repurchase Date is an Interest Payment Date, the Interest payable on such Interest Payment Date shall
be paid on such Interest Payment Date to the holders of record of such Debentures on the applicable record date instead of the holders surrendering such Debentures for repurchase on such date. The Company shall mail to all holders of record of the
Debentures a notice of the occurrence of a Fundamental Change and of the repurchase right arising as a result thereof on or before the 30th day after the occurrence of such Fundamental Change. For a Debenture to be so repurchased at the option of
the holder, the Company must receive at the office or agency of the Company maintained for that purpose in accordance with the terms of the Indenture, such Debenture with the form entitled “Form of Fundamental Change Repurchase
Election” on the reverse thereof duly completed, together with such Debenture, duly endorsed for transfer at any time prior to the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date. 

  
 A-9 

 Subject to the terms and conditions of the Indenture, the Company shall become obligated to
repurchase, at the option of the holder, all or any portion of the Debentures held by such holder on June 15, 2011, June 15, 2014, June 15, 2019, June 15, 2024 and June 15, 2029 in integral multiples of $1,000
Original Principal Amount at a Company Repurchase Price of 100% of the Accreted Principal Amount, plus any accrued and unpaid Interest on such Debenture to but excluding the Company Repurchase Date; provided that if the applicable Company
Repurchase Date is an Interest Payment Date, the Interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such Debentures on the applicable record date instead of the holders surrendering
such Debentures for repurchase on such date. To exercise such right, a holder shall deliver to the Company such Debenture with the form entitled “Form of Company Repurchase Election” on the reverse thereof duly completed, together
with the Debenture, duly endorsed for transfer, at any time from the opening of business on the date that is 20 Business Days prior to such Company Repurchase Date until the close of business on the Business Day immediately preceding the Company
Repurchase Date, and shall deliver the Debentures to the Trustee (or other Paying Agent appointed by the Company) as set forth in the Indenture. 

The Company Repurchase Price to be paid on any of June 15, 2011, June 15, 2014, June 15, 2019, June 15,
2024 and June 15, 2029 and the Fundamental Change Repurchase Price to be paid on any Fundamental Change Repurchase Date shall be paid in cash, subject to the terms and conditions of the Indenture. 

Holders have the right to withdraw any Repurchase Election by delivering to the Trustee (or other Paying Agent appointed by the Company) a
written notice of withdrawal up to the close of business on the Business Day immediately preceding the Repurchase Date, all as provided in the Indenture. 

If money sufficient to pay the Repurchase Price with respect to all Debentures or portions thereof to be repurchased as of any Repurchase Date
is deposited with the Trustee (or other Paying Agent appointed by the Company), then on and after such Repurchase Date, Interest will cease to accrue and the principal amount will cease to accrete on such Debentures (or portions thereof), and the
holder thereof shall have no other rights as such other than the right to receive the Repurchase Price upon surrender of such Debenture. 

Subject to the occurrence of certain events and in compliance with the provisions of the Indenture, prior to the Stated Maturity of the
Debentures, the holder hereof has the right, at its option, to convert its Debentures into shares of the Company’s Common Stock at an initial Conversion Rate of 18.7434 shares of 

  
 A-10 

 
Common Stock per $1,000 Original Principal Amount of the Debentures (an initial Conversion Price of approximately $53.35 per share), subject to the Company’s right to deliver, in lieu of
Common Stock, cash or a combination of cash and Common Stock, as such shares shall be constituted at the date of conversion and subject to adjustment from time to time as provided in the Indenture, upon surrender of this Debenture with the form
entitled “Form of Conversion Notice” on the reverse hereof duly completed, to the Company at the office or agency of the Company maintained for that purpose in accordance with the terms of the Indenture, or at the option of such
holder, the Corporate Trust Office, and, unless the shares issuable on conversion are to be issued in the same name as this Debenture, duly endorsed by, or accompanied by instruments of transfer in form satisfactory to the Company duly executed by,
the holder or by his duly authorized attorney. The Company will notify the holder thereof of any event triggering the right to convert the Debentures as specified above in accordance with the Indenture. 

If the Company (i) is a party to a consolidation, merger, statutory share exchange or combination, (ii) reclassifies the Common
Stock, or (iii) sells or conveys its properties and assets substantially as an entirety to any Person, the right to convert a Security into shares of Common Stock may be changed into a right to convert it into the kind or amount of cash,
securities or other property receivable upon such event, in each case in accordance with the Indenture. 
 In addition, following certain
corporate transactions as set forth in Section 15.01(b) of the Indenture that occur prior to June 15, 2011 and that also constitute a Fundamental Change, a Debentureholder who elects to convert its Debentures in connection with such
corporate transaction will be entitled to receive Additional Shares of Common Stock upon conversion in certain circumstances, subject to the Company’s payment elections set forth in the Indenture. 

No adjustment in respect of Interest on any Debenture converted (other than the payment of Additional Amounts, if any) or dividends on any
shares issued upon conversion of such Debenture will be made upon any conversion except as set forth in the next sentence. If this Debenture (or portion hereof) is surrendered for conversion during the period from the close of business on any record
date for the payment of Interest to the opening of business on the immediately following Interest Payment Date, this Debenture (or portion hereof being converted) must be accompanied by payment, in immediately available funds or other funds
acceptable to the Company, of an amount equal to the Interest otherwise payable on such Interest Payment Date on the Original Principal Amount being converted; provided that no such payment shall be required (1) if the Company has
specified a Redemption Date that is after a record date and on or prior to the Business Day immediately following the next Interest Payment Date, (2) if the Company has specified a Repurchase Date following a Fundamental Change that is after a
record date and prior to the next Interest Payment Date or (3) to the extent of any overdue Interest, if any overdue Interest exists at the time of conversion with respect to such Debenture. 

  
 A-11 

 No fractional shares will be issued upon any conversion, but an adjustment and payment in cash
will be made, as provided in the Indenture, in respect of any fraction of a share which would otherwise be issuable upon the surrender of any Debenture or Debentures for conversion. 

A Debenture in respect of which a holder is exercising its right to require repurchase upon a Fundamental Change or repurchase on a Repurchase
Date may be converted only if such holder withdraws its election to exercise such right in accordance with the terms of the Indenture. 

Upon due presentment for registration of transfer of this Debenture at the office or agency of the Company maintained for that purpose in
accordance with the terms of the Indenture, a new Debenture or Debentures of authorized denominations for an equal aggregate Original Principal Amount will be issued to the transferee in exchange thereof, subject to the limitations provided in the
Indenture, without charge except for any tax, assessment or other governmental charge imposed in connection therewith. 
 The Company, the
Trustee, any authenticating agent, any Paying Agent, any Conversion Agent and any Debenture Registrar may deem and treat the registered holder hereof as the absolute owner of this Debenture (whether or not this Debenture shall be overdue and
notwithstanding any notation of ownership or other writing hereon made by anyone other than the Company or any Debenture Registrar) for the purpose of receiving payment hereof, or on account hereof, for the conversion hereof and for all other
purposes, and neither the Company nor the Trustee nor any other authenticating agent nor any Paying Agent nor other Conversion Agent nor any Debenture Registrar shall be affected by any notice to the contrary. All payments made to or upon the order
of such registered holder shall, to the extent of the sum or sums paid, satisfy and discharge liability for monies payable on this Debenture. 

No recourse for the payment of the Accreted Principal Amount of or Interest on this Debenture, or for any claim based hereon or otherwise in
respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any supplemental indenture or in any Debenture, or because of the creation of any indebtedness represented thereby, shall be had
against any incorporator, shareholder, employee, agent, officer or director or subsidiary, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, whether
by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by acceptance hereof and as part of the consideration for the issue hereof, expressly waived and
released. 

  
 A-12 

 The Company agrees, and by acceptance of a Debenture, each beneficial holder of a Debenture will
be deemed to have agreed to treat the Debentures as indebtedness of the Company for U.S. federal income tax purposes that are subject to the regulations governing contingent payment debt instruments and to be bound (in the absence of an
administrative determination or judicial ruling to the contrary) by the Company’s determination of the comparable yield and projected payment schedule within the meaning of the regulations governing contingent payment debt instruments. A holder
of Debentures may obtain the issue price, the amount of original issue discount, issue date, yield to maturity, comparable yield and projected payment schedule for the Debentures, determined by the Company pursuant to Treas. Reg. Sec. 1.1275-4, by
submitting a written request for it to the Company at the following address: Kellwood Company, 600 Kellwood Parkway, Chesterfield, Missouri 63017, Attention: Treasurer. 

Terms used in this Debenture and defined in the Indenture are used herein as therein defined. 

  
 A-13 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription of the face of this Debenture, shall be construed as though they were written out in
full according to applicable laws or regulations. 
  

							
	TEN COM -	  	as tenants in common	  		  	UNIF GIFT MIN ACT -     Custodian     
	TEN ENT -	  	as tenant by the entireties	  		  	(Cust)    (Minor)
	JT TEN -	  	as joint tenants with right of survivorship and not as tenants in common	  		  	 under Uniform Gifts to Minors Act
  

                          
                              

		  		  		  	                    (State)

 Additional abbreviations may also be used though not in the above list. 

  
 A-14 

 FORM OF 

CONVERSION NOTICE 
  

	TO:	KELLWOOD COMPANY 

	    	UNION BANK OF CALIFORNIA, N.A. 

 The undersigned registered owner of this Debenture hereby
irrevocably exercises the option to convert this Debenture, or the portion thereof (which is $1,000 Original Principal Amount or a multiple thereof) below designated, into shares of Common Stock of Kellwood Company in accordance with the terms of
the Indenture referred to in this Debenture, subject to the Company’s payment elections, and directs that the shares issuable and deliverable payable upon such conversion, together with any check in payment for fractional shares and any
Debentures representing any unconverted Original Principal Amount hereof, be issued and delivered to the registered holder hereof unless a different name has been indicated below. Capitalized terms used herein but not defined shall have the meanings
ascribed to such terms in the Indenture. If shares, any portion of this Debenture not converted or a check for cash payable are to be issued in the name of a person other than the undersigned, the undersigned will provide the appropriate information
below and pay all transfer taxes payable with respect thereto. Any amount required to be paid by the undersigned on account of Interest accompanies this Debenture. 
  

							
	Dated:	 	  
	 		 	
				
		 		 		 	  

				
		 		 		 	  

		 		 		 	Signature(s)

  
 A-15 

							
		 		 		 	Signature(s) must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Debenture 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 Debenture Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange
Act of 1934, as amended.
				
		 		 		 	  

		 		 		 	Signature Guarantee

 Fill in the registration of shares of Common Stock if to be issued, and Debentures if to be delivered, other
than to and in the name of the registered holder: 
  

	
	  

	(Name)
	
	  

	(Street Address)
	
	  

	(City, State and Zip Code)
	
	  

	Please print name and address
	
	Original Principal Amount to be converted
	(if less than all):
	
	$                    
	
	Social Security or Other Taxpayer Identification Number:
	
	  

  
 A-16 

 FORM OF 

FUNDAMENTAL CHANGE REPURCHASE ELECTION 
  

	TO:	KELLWOOD COMPANY 

	    	UNION BANK OF CALIFORNIA, N.A. 

 The undersigned registered owner of this Debenture hereby
irrevocably acknowledges receipt of a notice from Kellwood Company (the “Company”) as to the occurrence of a Fundamental Change with respect to the Company and requests and instructs the Company to repurchase the entire Original
Principal Amount of this Debenture, or the portion thereof (which is $1,000 Original Principal Amount or a multiple thereof) below designated, in accordance with the terms of the Indenture referred to in this Debenture at the price of 100% of the
entire Accreted Principal Amount or portion thereof, together with accrued Interest to, but excluding, the Fundamental Change Repurchase Date, to the registered holder hereof. Capitalized terms used herein but not defined shall have the meanings
ascribed to such terms in the Indenture. 
  

							
	Dated:	 	  
	 		 	
				
		 		 		 	  

				
		 		 		 	  

		 		 		 	Signature(s)

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

Original Principal Amount to be repurchased (if less than all): 

Social Security or Other Taxpayer Identification Number: 

  
 A-17 

 FORM OF 

COMPANY REPURCHASE ELECTION 
  

	TO:	KELLWOOD COMPANY 

	    	UNION BANK OF CALIFORNIA, N.A. 

 The undersigned registered owner of this Debenture
hereby irrevocably acknowledges receipt of a notice from Kellwood Company (the “Company”) regarding the right of holders to elect to require the Company to repurchase the Debentures and requests and instructs the Company to repay
the entire Original Principal Amount of this Debenture, or the portion thereof (which is $1,000 Original Principal Amount or an integral multiple thereof) below designated, in accordance with the terms of the Indenture at a price of 100% of the
entire Accreted Principal Amount or portion thereof, together with accrued Interest to, but excluding, the Company Repurchase Date, to the registered holder hereof. Capitalized terms used herein but not defined shall have the meanings ascribed to
such terms in the Indenture. The Debentures shall be repurchased by the Company as of the Company Repurchase Date pursuant to the terms and conditions specified in the Indenture.  

 

							
	Dated:	 	  
	 		 	
				
		 		 		 	  

				
		 		 		 	  

		 		 		 	Signature(s)

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

Original Principal Amount to be repurchased (if less than all): 

Social Security or Other Taxpayer Identification Number: 

  
 A-18 

 ASSIGNMENT 

For value received                     
hereby sell(s) assign(s) and transfer(s) unto                      (Please insert social security or other Taxpayer Identification Number of
assignee) the within Debenture, and hereby irrevocably constitutes and appoints                      attorney to transfer said Debenture on the books
of the Company, with full power of substitution in the premises. 
 In connection with any transfer of the Debenture prior to the expiration
of the holding period applicable to sales thereof under Rule 144(k) under the Securities Act (or any successor provision), the undersigned confirms that such Debenture is being transferred: 

 

	 	 ̈	To Kellwood Company or a subsidiary thereof; or 

  

	 	 ̈	To a “qualified institutional buyer” in compliance with Rule 144A under the Securities Act of 1933, as amended; or 

  

	 	 ̈	Pursuant to and in compliance with Rule 144 under the Securities Act of 1933, as amended; or 

  

	 	 ̈	Pursuant to a Registration Statement which has been declared effective under the Securities Act of 1933, as amended, and which continues to be effective at the time of transfer; 

and unless the Debenture has been transferred to Kellwood Company or a subsidiary thereof, the undersigned confirms that such Debenture is not being
transferred to an “affiliate” of the Company as defined in Rule 144 under the Securities Act of 1933, as amended.  

Unless one of the boxes is checked, the Trustee will refuse to register any of the Debentures evidenced by this certificate in the name of
any person other than the registered holder thereof. 
  

							
	Dated:	 	  
	 		 	
				
		 		 		 	  

				
		 		 		 	  

		 		 		 	Signature(s)

  
 A-19 

							
		 		 		 	Signature(s) must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Debenture 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 Debenture Registrar in addition to, or in substitution for, STAMP, al in accordance with the Securities Exchange
Act of 1934, as amended.
				
		 		 		 	  

		 		 		 	Signature Guarantee
		 		 		 	

 NOTICE: The signature on the Conversion Notice, the Fundamental Change Repurchase Election, the Company Repurchase Election or
the Assignment must correspond with the name as written upon the face of the Debenture in every particular without alteration or enlargement or any change whatever. 

  
 A-20 

 Schedule I 

[Include Schedule I only for a Global Debenture] 

KELLWOOD COMPANY 
 3.50%
Convertible Senior Debenture due 2034 
 No.              

 

							
	 Date
	  	 Original Principal Amount
	  	Notation Explaining Original
Principal Amount Recorded	  	Authorized Signature
of Trustee or
Custodian
	         
	  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  
 A-21

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