Document:

Comcast Corporation 2002 Non-Employee Director Compensation Plan

 Exhibit 10.4 
 COMCAST CORPORATION 
 2002 NON-EMPLOYEE DIRECTOR COMPENSATION PLAN

 (As Amended And Restated, Effective May 30, 2012) 

 

	 	1.	BACKGROUND AND PURPOSE 

COMCAST CORPORATION, a Pennsylvania corporation, hereby amends and restates the Comcast Corporation 2002 Non-Employee Director
Compensation Plan, effective May 30, 2012, except as otherwise specifically provided herein. The purpose of the Plan is to provide Non-Employee Directors of COMCAST CORPORATION (the “Company”) with compensation for services to
the Company. 
  

	 	2.	DEFINITIONS 

 (a)
“Annual Retainer” means the amount payable for service as a Non-Employee Director for a calendar year, as a member of the Board, and as a member of one or more Committees as determined under Paragraph 3(a) of the Plan. 

(b) “Board” means the Board of Directors of the Company. 

(c) “Board Meeting” means a meeting of the Board, whether in person or by telephone. 

(d) “Committee” means a duly-constituted committee of the Board. 

(e) “Committee Meeting” means a meeting of a Committee, whether in person or by telephone, other than a meeting of a
Committee that is convened and held during a Board Meeting. 
 (f) “Company” means Comcast Corporation, a
Pennsylvania corporation, including any successor thereto by merger, consolidation, acquisition of all or substantially all the assets thereof, or otherwise. 
 (g) “Deferred Compensation Plan” means the Comcast Corporation 2005 Deferred Compensation Plan, as amended from time to time, or such other more recently-adopted plan pursuant to which a
Non-Employee Director may elect to defer the receipt of compensation for service as a Non-Employee Director. 
 (h)
“Director Emeritus” means an individual designated by the Board, in its sole discretion, as Director Emeritus, pursuant to the Board’s Director Emeritus Policy. 

(i) “Fair Market Value” means: 

 (i) If Shares are listed on a stock exchange, Fair Market Value shall be determined based
on the last reported sale price of a Share on the principal exchange on which Shares are listed on the date of determination, or if such date is not a trading day, the next trading date. 

(ii) If Shares are not so listed, but trades of Shares are reported on the Nasdaq National Market, Fair Market Value shall be determined
based on the last quoted sale price of a Share on the Nasdaq National Market on the date of determination, or if such date is not a trading day, the next trading date. 
 (iii) If Shares are not so listed nor trades of Shares so reported, Fair Market Value shall be determined by the Committee in good faith. 

(j) “Non-Employee Director” means an individual who is a member of the Board, and who is not an employee of the Company,
including an individual who is a member of the Board and who previously was an employee of the Company. 
 (k)
“Plan” means the Comcast Corporation 2002 Non-Employee Director Compensation Plan, as set forth herein, and as amended from time to time. 
 (l) “Plan Year” means the calendar year. 
 (m)
“Restricted Stock Plan” means the Comcast Corporation 2002 Restricted Stock Plan (or such other more recently-adopted generally applicable plan pursuant to which the Company grants restricted stock or restricted stock units).

 (n) “Restricted Stock Unit” means a Restricted Stock Unit granted under the Restricted Stock Plan.

 (o) “Share” means a share of Comcast Corporation Class A Common Stock, par value $0.01. 

 

	 	3.	NON-EMPLOYEE DIRECTOR COMPENSATION 

 (a) Non-Employee Director Compensation Package. Non-Employee Directors shall be entitled to payments, grants and awards determined as follows: 

(i) Annual Retainer. The Annual Retainer for service to the Company as a Non-Employee Director shall be $80,000. 

(ii) Board Meeting Fee. The fee payable for attendance in person or via telephone at a Board Meeting shall be $2,500. The Board
Meeting Fee will also be paid when a member of the Board is asked to attend a meeting or otherwise to conduct business on behalf of the Company in his or her capacity as a Director. 

  
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 (iii) Annual Retainer: Chair – Audit Committee. The Annual Retainer for service
as Chair of the Audit Committee shall be $20,000 
 (iv) Annual Retainer: Member – Audit Committee. The Annual
Retainer for service as a member of the Audit Committee shall be $10,000. 
 (v) Annual Retainer: Chair – Compensation
Committee. The Annual Retainer for service as Chair of the Compensation Committee shall be $20,000. 
 (vi) Annual
Retainer: Member – Compensation Committee. The Annual Retainer for service as a member of the Compensation Committee shall be $10,000. 
 (vii) Annual Retainer: Chair – Governance and Directors Nominating Committee. The Annual Retainer for service as Chair of the Governance and Directors Nominating Committee shall be $10,000.

 (viii) Annual Retainer: Member – Governance and Directors Nominating Committee. The Annual Retainer for service
as a member of the Governance and Directors Nominating Committee shall be $5,000. 
 (ix) Annual Retainer: Chair – Any
Committee of the Board other than the Audit Committee, the Compensation Committee or the Governance and Directors Nominating Committee. The Annual Retainer for service as the Chair of any committee of the Board other than the Audit Committee,
the Compensation Committee or the Governance and Directors Nominating Committee shall be $5,000. 
 (x) Annual Retainer:
Member – Any Committee of the Board other than the Audit Committee, the Compensation Committee or the Governance and Directors Nominating Committee. The Annual Retainer for service as a member of any committee of the Board other than the
Audit Committee, the Compensation Committee or the Governance and Directors Nominating Committee shall be $2,500. 
 (xi)
Committee Meeting Fee – Audit Committee, Compensation Committee and Governance and Directors Nominating Committee. The fee payable for attendance in person or via telephone at a Committee Meeting of the Audit Committee, the Compensation
Committee or the Governance and Directors Nominating Committee shall be $2,500. 
 (xii) Committee Meeting Fee – Any
Committee of the Board other than the Audit Committee, the Compensation Committee or the Governance and Directors Nominating Committee. The fee payable for attendance in person or via telephone at a Committee Meeting of any Committee other than
the Audit Committee, the Compensation Committee or the Governance and Directors Nominating Committee shall be $1,000. 

  
 3 

 (xiii) Stock Grants. Except as otherwise specifically provided below, this Paragraph
3(a)(xiii) shall apply as of November 20, 2011 and as of November 20 of each Plan Year beginning after 2011. 
 (A)
The Board shall grant Restricted Stock Units for Shares having a Fair Market Value on the date of grant of $145,000, rounded, if necessary, to the next higher whole Share, provided that with respect to each individual who first becomes a
Non-Employee Director on or after July 1, 2011, the Board shall grant Restricted Stock Units for Shares determined as follows: 
  

			
	Date of Commencement of Service as a Non-Employee Director	  	Number of Shares Subject to Grant of Restricted Stock Units
	After November 20 of a Plan Year and before the next following February 20	  	Shares having a Fair Market Value on the date of grant of $145,000
	On or after February 20 of a Plan Year and before the next following May 20	  	Shares having a Fair Market Value on the date of grant of $108,750
	On or after May 20 of a Plan Year and before the next following August 20	  	Shares having a Fair Market Value on the date of grant of $72,500
	On or after August 20 of a Plan Year and before the next following November 20	  	Shares having a Fair Market Value on the date of grant of $36,250

 Each Restricted Stock Unit shall (1) be fully and immediately vested on the date of grant, and (2) bear such
other terms and conditions as shall be determined by the Board in its discretion. 
 (B) In the event that Shares are changed
into or exchanged for a different number or kind of shares of stock or other securities of the Company, whether through merger, consolidation, reorganization, recapitalization, stock dividend, stock split-up or other substitution of securities of
the Company, the number and class of shares of stock subject to the grant of Restricted Stock Units under the Plan shall be adjusted consistent with the adjustment made pursuant to the Restricted Stock Plan, and such adjustment shall be effective
and binding for all purposes of this Plan. 
 (b) Payment Practices. Payments, grants and awards described in Paragraph
3(a) of the Plan shall be subject to the following payment practices: 
 (i) Except to the extent deferred under the Deferred
Compensation Plan, Annual Retainer payments described in Paragraphs 3(a)(i), 3(a)(iii), 3(a)(iv), 3(a)(v), 3(a)(vi), 3(a)(vii), 3(a)(viii), 3(a)(ix) and 3(a)(x) are payable as soon as reasonably practicable following the close of each calendar
quarter, in arrears. Payments shall be pro-rated for partial years of service as a Non-Employee Director or on a Committee of the Board, so that a Non-Employee Director shall be entitled to one-quarter of each Annual Retainer payment referenced in
this Paragraph 3(b)(i) for each calendar quarter within which such Non-Employee Director has one or more days of service as a Non-Employee Director or as a member of a Committee of the Board, as applicable. 

  
 4 

 (ii) Except to the extent deferred under the Deferred Compensation Plan, Meeting Fee
payments described in Paragraphs 3(a)(ii), 3(a)(xi) and 3(a)(xii) are payable as soon as reasonably practicable following the close of each calendar quarter, in arrears. 
 (iii) A Non-Employee Director may elect to receive up to 50% of the Annual Retainer amount described in Paragraph 3(a)(i) in the form of Shares issuable pursuant to a grant of fully-vested Restricted
Stock Units under the Restricted Stock Plan. The number of Shares payable to a Non-Employee Director shall be determined based on the closing price of Shares on the last business day of each calendar quarter and rounded, if necessary, to the next
higher whole Share. 
 (c) Special Rules and Payment Practices for Director Emeritus Compensation. 

(i) Except as otherwise provided in Paragraph 3(c)(ii) and Paragraph 3(c)(iii), for the duration of an individual’s service to the
Company as a Director Emeritus, the Director Emeritus such shall be entitled to compensation on the same basis as a Non-Employee Director as described in Paragraph 3(a) and subject to the same payment practices as apply to a Non-Employee Director as
described in Paragraph 3(b). 
 (ii) Paragraph 3(b)(iii), relating to a Non-Employee Director’s elect to receive up to 50%
of the Annual Retainer amount described in Paragraph 3(a)(i) in the form of Shares, shall not apply to a Director Emeritus. All Annual Retainer payments to a Director Emeritus shall be in the form of cash. 

(iii) This Paragraph 3(c)(iii) shall apply to a Director Emeritus in lieu of the Stock Grant provisions of Paragraph
3(a)(xiii). On November 20, 2011 and each anniversary thereof (or the next following business day if
November 20th is not a business day), the Company
shall pay each Director Emeritus a single cash lump sum of $145,000. 
  

	 	4.	ADMINISTRATION OF THE PLAN 

The Plan shall be administered by the Board. Subject to the express terms and conditions set forth in the Plan, the Board shall have the
power, from time to time, to interpret the Plan’s provisions, prescribe, amend and rescind rules and regulations for the Plan, and make all other determinations necessary or advisable for the administration of the Plan. The determination of the
Board in all matters as stated above shall be conclusive. 
  

	 	5.	TAXES 

 The Company shall
withhold the amount of any federal, state, local or other tax, charge or assessment attributable to the grant of any Award or lapse of restrictions under any Award as it may deem necessary or appropriate, in its sole discretion. 

  
 5 

	 	6.	AMENDMENT AND TERMINATION 

The Plan may be amended or terminated by the Board at any time. No accrued right to payment as determined under Paragraph 3 shall be
affected by any such termination or amendment without the written consent of the affected Non-Employee Director. 
  

	 	7.	EFFECTIVE DATE 

 The
effective date of this amendment and restatement of the Plan is May 30, 2012. The original effective date of the Plan is November 18, 2002. 
  

	 	8.	GOVERNING LAW 

 The Plan
and all determinations made and actions taken pursuant to the Plan shall be governed in accordance with Pennsylvania law. 
  

			
	COMCAST CORPORATION
		
	BY:	 	 /s/ David L. Cohen

			
		
	 ATTEST:
	 	 /s/ Arthur R. Block

  
 6 

 SCHEDULE I 
 COMCAST CORPORATION 
 NON-EMPLOYEE DIRECTOR COMPENSATION 

EFFECTIVE AS OF JULY 1, 2011 
  

			
	Director Annual Retainer	  	$80,000, subject to election to receive up to half in the form of Comcast Corporation Class A Common Stock
	Board Meeting Fee1	  	$2,500
	Audit Committee Annual Retainer – Chair	  	$20,000
	Compensation Committee Annual Retainer – Chair	  	$20,000
	Governance and Directors Nominating Committee Annual Retainer – Chair	  	$10,000
	Other Committee Annual Retainer – Chair	  	$5,000
	Audit Committee Annual Retainer – Member	  	$10,000
	Compensation Committee Annual Retainer – Member	  	$10,000
	Governance and Directors Nominating Committee Annual Retainer – Member	  	$5,000
	Other Committee Annual Retainer – Member	  	$2,500
	Committee Meeting Fee – Audit Committee	  	$2,500
	Committee Meeting Fee – Compensation Committee	  	$2,500
	Committee Meeting Fee – Governance and Directors Nominating Committee	  	$2,500
	Committee Meeting Fee – Other Committee	  	$1,000
	Annual Restricted Stock Unit Grant	  	Shares having a Fair Market Value on the date of grant of $145,000

  

	1 	 Fee will also be paid when a member of the Board is asked to attend a meeting or otherwise to conduct business on behalf of the Company in his/her
capacity as Director. 

  
 7Third Supplemental Indenture

 Exhibit 4.3 
 Execution Copy 
  

 

 
 SMITHFIELD
FOODS, INC., 
 as Issuer 
 $1,000,000,000 
 6.625% Senior Notes due 2022 

 
  

 
 THIRD
SUPPLEMENTAL INDENTURE 
 Dated as of August 1, 2012 

 
  

 
 U.S. Bank
National Association, 
 as Trustee 
  

 

 

 Table of Contents 

 

					
	 	  	Page	 
		
	ARTICLE I	  			
	 Establishment, Definitions and Incorporation by Reference
	  	 	2	  
		
	 SECTION 1.01. Establishment
	  	 	2	  
	 SECTION 1.02. Definitions
	  	 	3	  
	 SECTION 1.03. Other Definitions
	  	 	26	  
	 SECTION 1.04. Incorporation by Reference of Trust Indenture Act
	  	 	26	  
	 SECTION 1.05. Rules of Construction
	  	 	27	  
	 SECTION 1.06. Definitive Securities
	  	 	27	  
	 SECTION 1.07. Computation of Interest
	  	 	28	  
		
	ARTICLE II	  			
		
	 Redemption
	  	 	28	  
		
	 SECTION 2.01. Selection of Securities to Be Redeemed
	  	 	28	  
	 SECTION 2.02. Optional Redemption
	  	 	28	  
	 SECTION 2.03. Mandatory Redemption
	  	 	29	  
		
	ARTICLE III	  			
		
	 Covenants
	  	 	30	  
		
	 SECTION 3.01. Payment of Securities
	  	 	30	  
	 SECTION 3.02. SEC Reports
	  	 	31	  
	 SECTION 3.03. Limitation on Indebtedness
	  	 	31	  
	 SECTION 3.04. Limitation on Restricted Payments
	  	 	34	  
	 SECTION 3.05. Limitation on Sale/Leaseback Transactions
	  	 	37	  
	 SECTION 3.06. Limitation on Restrictions on Distributions from Restricted Subsidiaries
	  	 	37	  
	 SECTION 3.07. Limitation on Sales of Assets
	  	 	38	  
	 SECTION 3.08. Limitation on Transactions with Affiliates
	  	 	42	  
	 SECTION 3.09. Change of Control
	  	 	43	  
	 SECTION 3.10. Reserved
	  	 	45	  
	 SECTION 3.11. Limitation on Liens
	  	 	45	  
	 SECTION 3.12. Limitation on Issuances of Guarantees of Indebtedness by Restricted Subsidiaries
	  	 	45	  
	 SECTION 3.13. Reserved
	  	 	46	  
	 SECTION 3.14. Effectiveness of Covenants
	  	 	46	  
	 SECTION 3.15. Corporate Existence
	  	 	46	  
	 SECTION 3.16. Payment of Taxes and Other Claims
	  	 	46	  
	 SECTION 3.17. Maintenance of Properties
	  	 	47	  
	 SECTION 3.18. Insurance
	  	 	47	  
	 SECTION 3.19. Compliance with Laws
	  	 	47	  
	 SECTION 3.20. Additional Covenants
	  	 	47	  

  
 ii 

					
	 SECTION 3.21. Inapplicability
	  	 	47	  
		
	ARTICLE IV	  			
		
	 Successor Company
	  	 	48	  
		
	 SECTION 4.01. When Company May Merge or Otherwise Dispose of Assets
	  	 	48	  
	 SECTION 4.02. When a Subsidiary Guarantor May Merge or Otherwise Dispose of Assets
	  	 	49	  
		
	ARTICLE V	  			
		
	 Defaults and Remedies
	  	 	50	  
		
	 SECTION 5.01. Events of Default
	  	 	50	  
	 SECTION 5.02. Acceleration
	  	 	52	  
	 SECTION 5.03. Other Remedies
	  	 	53	  
	 SECTION 5.04. Waiver of Past Defaults
	  	 	53	  
	 SECTION 5.05. Limitation on Suits
	  	 	53	  
	 SECTION 5.06. Rights of Holders to Receive Payment
	  	 	54	  
	 SECTION 5.07. Collection Suit by Trustee
	  	 	54	  
	 SECTION 5.08. Trustee May File Proofs of Claim
	  	 	54	  
	 SECTION 5.09. Priorities
	  	 	54	  
	 SECTION 5.10. Undertaking for Costs
	  	 	55	  
	 SECTION 5.11. Control by Holders of Securities
	  	 	55	  
	 SECTION 5.12. Notices of Default; Compliance Certificate
	  	 	55	  
		
	ARTICLE VI	  			
		
	 Defeasance and Covenant Defeasance
	  	 	56	  
		
	 SECTION 6.01. Discharge of Liability on Securities; Defeasance
	  	 	56	  
	 SECTION 6.02. Conditions to Defeasance
	  	 	57	  
	 SECTION 6.03. Application of Trust Money
	  	 	58	  
	 SECTION 6.04. Repayment to Company
	  	 	58	  
	 SECTION 6.05. Indemnity for U.S. Government Obligations
	  	 	59	  
	 SECTION 6.06. Reinstatement
	  	 	59	  
	 SECTION 6.07. Replacement of Original Indenture
	  	 	59	  
		
	ARTICLE VII	  			
		
	 Amendment and Waiver
	  	 	59	  
		
	 SECTION 7.01. Without Consent of Holders
	  	 	59	  
	 SECTION 7.02. With Consent of Holders
	  	 	60	  
	 SECTION 7.03. Revocation and Effects of Consents and Waivers
	  	 	61	  
	 SECTION 7.04. Payment for Consent
	  	 	61	  

  
 iii

					
	ARTICLE VIII	  			
		
	 Miscellaneous
	  	 	62	  
		
	 SECTION 8.01. No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	62	  
	 SECTION 8.02. Priority of Third Supplemental Indenture
	  	 	62	  
	 SECTION 8.03. Governing Law
	  	 	62	  
	 SECTION 8.04. Appointment of Security Registrar and Paying Agent
	  	 	62	  
	 SECTION 8.05. Table of Contents; Headings
	  	 	62	  

  

			
	EXHIBIT A	  	Form of the Security
	EXHIBIT B	  	Form of Indenture Supplement to Add Subsidiary Guarantors

  
 iv 

 CROSS-REFERENCE TABLE 

 

			
	TIA
Section	  	 Supplemental

Indenture
Section

		
	 310(a)(1)
	  	N.A.
	       (a)(2)
	  	N.A.
	       (a)(3)
	  	N.A.
	       (a)(4)
	  	N.A.
	       (b)
	  	N.A.
	       (c)
	  	N.A.
	 311(a)
	  	N.A.
	       (b)
	  	N.A.
	       (c)
	  	N.A.
	 312(a)
	  	N.A.
	       (b)
	  	N.A.
	       (c)
	  	N.A.
	 313(a)
	  	N.A.
	       (b)(1)
	  	N.A.
	       (b)(2)
	  	N.A.
	       (c)
	  	N.A.
	       (d)
	  	N.A.
	 314(a)
	  	3.02
	       (b)
	  	N.A.
	       (c)(1)
	  	N.A.
	       (c)(2)
	  	N.A.
	       (c)(3)
	  	N.A.
	       (d)
	  	N.A.
	       (e)
	  	N.A.
	 315(a)
	  	N.A.
	       (b)
	  	N.A.
	       (c)
	  	N.A.
	       (d)
	  	N.A.
	       (e)
	  	N.A.
	 316(a)(last sentence)
	  	N.A.
	       (a)(1)(A)
	  	5.11
	       (a)(1)(B)
	  	5.04
	       (a)(2)
	  	N.A.
	       (b)
	  	N.A.
	 317(a)(1)
	  	N.A.
	       (a)(2)
	  	N.A.
	       (b)
	  	N.A.
	 318(a)
	  	N.A.

 N.A. means Not Applicable. 

  
 v 

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

  
 vi 

 THIRD SUPPLEMENTAL INDENTURE (the “Third Supplemental Indenture”), dated
as of August 1, 2012, between SMITHFIELD FOODS, INC., a corporation duly organized and existing under the laws of the Commonwealth of Virginia (the “Company”), and U.S. Bank National Association, a national banking association
duly organized and existing under the laws of the United States of America and having a corporate trust office in Atlanta, Georgia (the “Trustee”), as Trustee. 
 RECITALS OF THE COMPANY 
 WHEREAS, the Company deems it necessary to issue from
time to time for its lawful purposes senior debt securities evidencing its unsecured and unsubordinated indebtedness, which may or may not be convertible into or exchangeable for any securities of any Person (including the Company); 

WHEREAS, the Company has for such purposes heretofore entered into an Indenture, dated as of June 1, 2007, with the Trustee (the
“Original Indenture,” as may be amended and supplemented and together with the Third Supplemental Indenture, the “Indenture”); 
 WHEREAS, the Original Indenture is incorporated herein by this reference; 

WHEREAS, the Indenture provides for the issuance from time to time of new series of securities, unlimited as to principal amount, to
bear such rates of interest, to mature at such times and to have such other provisions as shall be fixed in accordance with the provisions of the Indenture, and the terms of such series may be described by a supplemental indenture executed by the
Company and the Trustee; 
 WHEREAS, the Company hereby proposes to create under the Indenture a series of securities;

 WHEREAS, this Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, that are required to be
part of this Indenture and shall, to the extent applicable, be governed by such provisions; and 
 WHEREAS, all things
necessary to make this Third Supplemental Indenture a valid agreement of the Company, and a valid amendment and supplement to the Original Indenture, have been done. 

 NOW, THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the
sufficiency of which is hereby acknowledged, the parties hereto hereby agree, for the equal and proportionate benefit of the Holders of the series of Securities established hereby, as follows: 

ARTICLE I 

ESTABLISHMENT, DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.01. Establishment. 
 Each party agrees as follows for the
benefit of the other parties and for the equal and ratable benefit of the Holders of the Company’s 6.625% Senior Notes due 2022, issued on the date hereof (the “Initial Securities”); together with, if and when issued, an
unlimited principal amount of additional 6.625% Senior Notes due 2022 (“Additional Securities” and together with the Initial Securities, the “Securities”). 

The aggregate principal amount of Securities that may be authenticated and delivered under this Third Supplemental Indenture is
unlimited. The Initial Securities issued on the date hereof will be in an aggregate principal amount of $1,000,000,000. In addition, the Company may issue, from time to time in accordance with the provisions of this Indenture, including, without
limitation, Section 301 of the Original Indenture, Additional Securities; provided that the Company will only be permitted to issue such Additional Securities if, at the time of such issuance, it is in compliance with the
covenants set forth in the Indenture, including Section 3.03 hereof. Furthermore, Securities may be authenticated and delivered upon registration or transfer, or in lieu of, other Securities pursuant to Section 303,
304, 305, 306, 309 or 905 of the Original Indenture or in connection with an Asset Disposition pursuant to Section 3.07 hereof or a Change of Control Offer pursuant to Section 3.09 hereof.

 The Initial Securities shall be known and designated as “6.625% Senior Notes due 2022” of the Company. Additional
Securities issued shall also be known and designated as “6.625% Senior Notes due 2022” of the Company. 
 With
respect to any Additional Securities, the Company shall set forth in a Board Resolution or an Officers’ Certificate pursuant to a Board Resolution, in addition to any information required by the Original Indenture, the following information:

 (1) the aggregate principal amount of such Additional Securities to be authenticated and delivered pursuant to
this Indenture; and 
 (2) the issue price and the issue date of such Additional Securities. 

The Initial Securities and the Additional Securities shall be considered collectively as a single class for all purposes of this
Indenture, including with respect to waivers, amendments, redemptions and offers to purchase. Holders of the Initial Securities and the Additional Securities will vote and consent together on all matters to which such Holders are entitled to vote or
consent as one class, and none of the Holders of the Initial Securities or the Additional Securities shall have the right to vote or consent as a separate class on any matter to which such Holders are entitled to vote or consent. 

  
 2 

 Each party agrees as follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders of the Securities: 
 SECTION 1.02. Definitions. 

(a) For all purposes of this Third Supplemental Indenture and any Securities issued hereunder: 

(i) Capitalized terms used herein without definition shall have the meanings specified in the Original Indenture;

 (ii) Each reference to “Indenture” in this Third Supplemental Indenture shall mean the provisions
of the Original Indenture and future (but not prior) amendments and supplements to the Original Indenture, including this Third Supplemental Indenture, applicable to the Securities and exclusive of amendments and supplements that relate to future
issuances of other series of securities issued at a later date under the Indenture; 
 (iii) All references in
this Third Supplemental Indenture to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and Sections of this Third Supplemental Indenture and, where so specified, to the Articles and Sections of the Original
Indenture as supplemented, amended or modified by this Third Supplemental Indenture; 
 (iv) All references in
the Original Indenture to Articles and Sections in the Original Indenture shall for purposes of the Securities be deemed references to the Articles and Sections of the Original Indenture as supplemented, amended or modified by this Third
Supplemental Indenture, including a deemed reference to a different section number in this Third Supplemental Indenture that supplements, amends or modifies a Section in the Original Indenture; and 

(v) The terms “above,” “below,” “hereof,” “herein,” “hereby,”
“hereto,” “hereunder” and “herewith” in this Third Supplemental Indenture refer to this Third Supplemental Indenture. 
 (b) For all purposes of this Third Supplemental Indenture, the following terms shall have the following definitions and shall supercede any such definitions of the same terms in the Original
Indenture: 
 “Acquired Indebtedness” means Indebtedness (i) of a Person or any of its Subsidiaries
existing at the time such Person becomes a Restricted Subsidiary or (ii) assumed in connection with the acquisition of assets from such Person, in each case whether or not Incurred by such Person in connection with, or in anticipation or
contemplation of, such Person becoming a Restricted Subsidiary of the Company or such acquisition. Acquired Indebtedness shall be deemed to have been Incurred, with respect to clause (i) of the preceding sentence, on the date such Person
becomes a Restricted Subsidiary and, with respect to clause (ii) of the preceding sentence, on the date of consummation of such acquisition of assets. 

  
 3 

 “Additional Assets” means: (i) any property or assets (other than
working capital) to be used by the Company or a Restricted Subsidiary in a Related Business, (ii) the Capital Stock of a Person that becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Company or another
Restricted Subsidiary, or (iii) Capital Stock constituting a minority interest in any Person that at such time is or will thereupon become a Restricted Subsidiary; provided, however, that, in the case of clauses (ii) and
(iii) of this definition, such Restricted Subsidiary is primarily engaged in a Related Business. 

“Affiliate” of any specified Person means (i) any other Person, directly or indirectly, controlling or controlled
by or under direct or indirect common control with such specified Person, (ii) any Person who is a director or officer (a) of such Person, (b) of any Subsidiary of such Person or (c) of any Person described in clause
(i) above and (iii) any beneficial owner of shares representing 5% or more of the total voting power of the Voting Stock (on a fully diluted basis) of the Company or of rights or warrants to purchase such Voting Stock (whether or not
currently exercisable) and any Person who would be an Affiliate of any such beneficial owner pursuant to clauses (i) and (ii). For the purposes of this definition, “control” when used with respect to any Person means the power to
direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. Notwithstanding the foregoing, no Person (other than the Company or any Subsidiary of the Company) in whom a Receivables Entity makes an Investment in connection with a Qualified Receivables Transaction shall be deemed to be an
Affiliate of the Company or any of its Subsidiaries solely by reason of such Investment. 
 “Applicable
Premium” means with respect to any redemption date, the greater of (i) 1.0% of the principal amount of such Security, and (ii) the excess of (A) the present value at such redemption date of (1) the redemption price of
such Security on August 15, 2017 plus (2) all required remaining scheduled interest payments due on such Security through August 15, 2017 (excluding accrued and unpaid interest to the redemption date), computed using a discount rate
equal to the Treasury Rate plus 50 basis points, over (B) the principal amount of such Security, in each case as calculated by the Company or on behalf of the Company by such Person as the Company shall designate; provided that such calculation
shall not be a duty or obligation of the Trustee. 
 “Asset Disposition” means any sale, lease, transfer or
other issuance or disposition (or series of related sales, leases, transfers, issuance or dispositions that are part of a common plan) of shares of Capital Stock of a Subsidiary (other than directors’ qualifying shares), property or other
assets (each referred to for the purposes of this definition as a “disposition”) by the Company or any of its Restricted Subsidiaries (including any disposition by means of a sale and leaseback, merger, consolidation or similar
transaction, but excluding any disposition by means of any pledge of assets or stock by the Company or any of its Subsidiaries otherwise permitted under this Indenture, and any transaction or series of related transactions from which the Company or
any of its Subsidiaries receives an aggregate consideration of less than $500,000) other than (i) a disposition by a Restricted Subsidiary to the Company or by the Company or a Restricted Subsidiary to a Wholly-Owned Subsidiary, (ii) a
disposition of assets held for resale in the ordinary course of business, (iii) the sale of Temporary Cash Investments in the ordinary course of business, (iv) the sale or other disposition of damaged, worn, unneeded or

  
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obsolete equipment in the ordinary course of business, (v) for purposes of Section 3.07 only, a disposition subject to Section 3.04, (vi) the sale of other
assets so long as the fair market value of the assets disposed of pursuant to this clause (vi) does not exceed $5.0 million in the aggregate in any Fiscal Year and $50.0 million in the aggregate prior to August 15, 2022, (vii) any
disposition of assets pursuant to and in accordance with the provisions of Section 3.09 and/or Article IV, (viii) sales or other dispositions of assets for consideration at least equal to the fair market value of the assets
sold or disposed of, to the extent that the consideration received would constitute Additional Assets or an Investment in a Permitted Joint Venture that in each case complies with Section 3.04 and (ix) sales of accounts receivable
and related assets of the type specified in the definition of “Qualified Receivables Transaction” to a Receivables Entity 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. 
 “Attributable Debt” in respect of a Sale/Leaseback Transaction means,
as at the time of determination, the present value (discounted at the interest rate assumed in making calculations in accordance with FAS 13) of the total obligations of the lessee for rental payments during the remaining term of the lease included
in such Sale/Leaseback Transaction (including any period for which such lease has been extended). 
 “Average
Life” means, as of the date of determination, with respect to any Indebtedness or Preferred Stock, the quotient obtained by dividing (i) the sum of the products of the numbers of years from the date of determination to the dates of
each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Preferred Stock multiplied by the amount of such payment by (ii) the sum of all such payments. 

“Board of Directors” means the Board of Directors of the Company or any committee thereof duly authorized to act on
behalf of such Board of Directors with respect to the relevant matter. 
 “Board Resolution” means a copy of a
resolution certified by the Secretary or an Assistant Secretary of a company to have been duly adopted by the Board of Directors of such company and to be in full force and effect on the date of such certification, and delivered to the Trustee.

 “Borrowing Base” means, as of the date of determination, an amount equal to the sum, without duplication of
(i) 80% of the net book value of the Company’s and its Restricted Subsidiaries’ accounts receivable at such date and (ii) 80% of the net book value of the Company’s and its Restricted Subsidiaries’ inventories at such
date. Net book value shall be determined in accordance with GAAP and shall be that reflected on the most recent available balance sheet (it being understood that the accounts receivable and inventories of an acquired business may be included if such
acquisition has been completed on or prior to the date of determination); provided that an amount of accounts receivable and inventory of the kind included in the definition of Foreign Borrowing Base that would be necessary to be included in
the Foreign Borrowing Base in order to Incur the aggregate principal amount of Indebtedness in excess of $400.0 million outstanding under Section 3.03(b)(ix) on the date of determination shall be excluded from any calculation of the
Borrowing Base. 

  
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 “Business Day” means a day other than a Saturday, Sunday or other day on
which commercial banking institutions are authorized or required by law to close in New York City or Atlanta, Georgia. 

“Capital Stock” of any Person means (i) with respect to any Person that is a corporation, any and all shares,
interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Common Stock or Preferred Stock, and (ii) with respect to any Person that is not
a corporation, any and all partnership or other equity interests of such Person but in each case excluding any debt securities convertible into such equity. 
 “Capitalized Lease Obligations” means an obligation that is required to be classified and accounted for as a capitalized lease for financial reporting purposes in accordance with GAAP,
and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount
due under such lease. 
 “Cash Equivalents” means (i) securities issued or directly and fully guaranteed
or insured by the United States government or any agency or instrumentality thereof, (ii) certificates of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’
acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus in excess of $500.0 million and the commercial paper of the holding company of which is rated at least
“A-1” or the equivalent thereof by S&P or “P-1” or the equivalent thereof by Moody’s, (iii) repurchase obligations for underlying securities of the types described in clauses (i) and (ii) entered into with
any financial institution meeting the qualifications specified in clause (ii) above, (iv) commercial paper rated “A-1” or the equivalent thereof by S&P or “P-1” or the equivalent thereof by Moody’s and in each
case maturing within one year after the date of acquisition thereof, (v) investment funds investing 95% of their assets in securities of the type described in clauses (i)-(iv) above. 

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

(1) any sale, transfer or other conveyance, whether direct or indirect, of all or substantially all of the fair market
value of the assets of the Company on a consolidated basis, in one transaction or a series of related transactions, to any Person or Persons other than the Company or one or more of its Restricted Subsidiaries; 

(2) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act),
other than one or more Permitted Holders, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Voting Stock of the Company (or its successor by
merger, consolidation or purchase of all or substantially all of its assets); 
 (3) during any period of two
consecutive years, individuals who at the beginning of such period constituted the Board of Directors (together with any new directors whose 

  
 6 

 
election by such Board of Directors or whose nomination for election by the shareholders of the Company was approved by a vote of a majority of the directors of the Company then still in office
who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board of Directors then in office; or 

(4) the adoption of a plan relating to the liquidation or dissolution of the Company. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Common Stock” means with respect to any Person, any and all shares, interest or other participations in, and other
equivalents (however designated and whether voting or nonvoting) of such Person’s common stock whether or not outstanding on the Issue Date, and includes, without limitation, all series and classes of such common stock. 

“Consolidated Coverage Ratio” as of any date of determination means the ratio of (i) the aggregate amount of
EBITDA of the Company and its Restricted Subsidiaries for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements of the Company are available to
(ii) Consolidated Interest Expense of the Company and its Restricted Subsidiaries for such four consecutive fiscal quarters; provided, however, that: (1) if the Company or any Restricted Subsidiary has Incurred any Indebtedness
since the beginning of such period that remains outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is an Incurrence of Indebtedness, EBITDA and Consolidated Interest
Expense for such period shall be calculated after giving effect on a pro forma basis to such Indebtedness as if such Indebtedness had been Incurred on the first day of such period and the discharge of any other Indebtedness repaid, repurchased,
defeased or otherwise discharged with the proceeds of such new Indebtedness as if such discharge had occurred on the first day of such period, (2) if since the beginning of such period the Company or any Restricted Subsidiary shall have made
any Asset Disposition, the EBITDA for such period shall be reduced by an amount equal to the EBITDA (if positive) directly attributable to the assets that are the subject of such Asset Disposition for such period or increased by an amount equal to
the EBITDA (if negative) directly attributable thereto for such period and Consolidated Interest Expense for such period shall be reduced by an amount equal to the Consolidated Interest Expense directly attributable to any Indebtedness of the
Company or any Restricted Subsidiary repaid, repurchased, defeased or otherwise discharged (to the extent the related commitment is permanently reduced) with respect to the Company and its continuing Restricted Subsidiaries in connection with such
Asset Disposition for such period (or, if the Capital Stock of any Restricted Subsidiary is sold, the Consolidated Interest Expense for such period directly attributable to the Indebtedness of such Restricted Subsidiary to the extent the Company and
its continuing Restricted Subsidiaries are no longer liable for such Indebtedness after such sale), (3) if since the beginning of such period the Company or any Restricted Subsidiary (by merger or otherwise) shall have made an Investment in any
Restricted Subsidiary (or any Person that becomes a Restricted Subsidiary) or an acquisition of assets, including any Investment in a Restricted Subsidiary or any acquisition of assets occurring in connection with a transaction causing a calculation
to be made hereunder, which constitutes all or substantially all of an operating unit of 

  
 7 

 
a business, EBITDA and Consolidated Interest Expense for such period shall be calculated after giving pro forma effect thereto as if such Investment or acquisition occurred on the first day of
such period and without regard to clause (ii) of the definition of Consolidated Net Income, and (4) if since the beginning of such period any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Company
or any Restricted Subsidiary since the beginning of such period) shall have made any Asset Disposition or any Investment or acquisition of assets that would have required an adjustment pursuant to clause (2) or (3) above if made by the
Company or a Restricted Subsidiary during such period, EBITDA and Consolidated Interest Expense for such period shall be calculated after giving pro forma effect thereto as if such Asset Disposition, Investment or acquisition of assets occurred on
the first day of such period. For purposes of this definition, whenever pro forma effect is to be given to a transaction, the pro forma calculations shall be determined in good faith by a responsible financial or accounting Officer of the Company.
Any such pro forma calculation may include, without limitation, (1) adjustments calculated in accordance with Regulation S-X under the Securities Act and (2) adjustments calculated to give effect to any Pro Forma Cost Savings. If any
Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest expense on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire
period (taking into account any Interest Rate Agreement applicable to such Indebtedness if such Interest Rate Agreement has a remaining term as at the date of determination in excess of 12 months). 

“Consolidated Interest Expense” means, for any period, the total interest expense (excluding (w) amortization of
deferred financing fees and debt issuance costs, (x) debt discount (other than discounts that accrete by the terms of such instrument), (y) capitalized interest and (z) any non-cash interest expense attributable to the amortization of
the discount attributable to the equity component of convertible debt securities) of the Company and its Restricted Subsidiaries, determined in accordance with GAAP, plus, to the extent incurred by the Company and its Restricted Subsidiaries in such
period but not included in such interest expense, (i) interest expense attributable to Capitalized Lease Obligations and imputed interest with respect to Attributable Debt, (ii) interest actually paid by the Company or any Restricted
Subsidiary under any Guarantee of Indebtedness or other obligation of any other Person, (iii) net losses associated with Hedging Obligations (or minus net gains associated with Hedging Obligations) with respect to interest rates, (iv) the
cash contributions to any employee stock ownership plan or similar trust to the extent such contributions are used by such plan or trust to pay interest or fees to any Person (other than the Company) in connection with Indebtedness Incurred by such
plan or trust, and (v) Receivables Fees. For purposes of the foregoing, gross interest expense shall be determined after giving effect to any net payments made or received by the Company and its Restricted Subsidiaries with respect to Interest
Rate Agreements. 
 “Consolidated Net Income” means, for any period, without duplication, the consolidated net
income (loss) of the Company and its Restricted Subsidiaries; provided, however, that there shall not be included in such Consolidated Net Income: (i) any net income (loss) of any Person if such Person is not a Restricted Subsidiary,
except that (A) subject to the limitations contained in clauses (iii) through (v) below, the Company’s equity in the net income of any such Person for such period shall be included in such Consolidated Net Income up to the
aggregate amount of cash actually distributed by such Person during such period to the Company or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or

  
 8 

 
other distribution to a Restricted Subsidiary, to the limitations contained in clause (ii) below) and (B) the Company’s equity in a net loss of any such Person for such period
shall be included in determining such Consolidated Net Income to the extent the Company has funded such net loss, (ii) solely for the purpose of determining the amount available for Restricted Payments under clause 3(B) of
Section 3.04(a), any net income (loss) of any Restricted Subsidiary if such Restricted Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of distributions by such Restricted
Subsidiary, directly or indirectly, to the Company, except that (A) subject to the limitations contained in clauses (iii) through (v) below, the Company’s equity in the net income of any such Restricted Subsidiary for such period
shall be included in such Consolidated Net Income up to the aggregate amount of cash distributed by such Restricted Subsidiary during such period to the Company or another Restricted Subsidiary as a dividend (subject, in the case of a dividend that
could have been made to another Restricted Subsidiary, to the limitation contained in this clause) and (B) the Company’s equity in a net loss of any such Person for such period shall be included in determining such Consolidated Net Income
to the extent the Company has funded such net loss, (iii) any gain or loss realized upon the sale or other disposition of any asset of the Company or its Restricted Subsidiaries (including pursuant to any Sale/Leaseback Transaction) that is not
sold or otherwise disposed of in the ordinary course of business and any gain or loss realized upon the sale or other disposition of any Capital Stock of any Person, provided that this clause (iii) shall not be applicable with respect to
calculating the amount of Consolidated Net Income in clause (3)(B) of Section 3.04(a), (iv) any extraordinary gain or loss, and (v) the cumulative effect of a change in accounting principles. 

“Convertible Notes” means the Company’s 4% Senior Convertible Notes due 2013. 

“Corporate Trust Office” means the principal office of the Trustee at which, at any particular time, its corporate
trust business shall be administered, which office at the date hereof is located at 1349 W. Peachtree Street NW, Suite 1050, Atlanta, Georgia 30309, or such other address as the Trustee may designate from time to time by notice to the Company or the
principal corporate office of any successor trustee (or such other address as a successor trustee may designate from time to time by notice to the Company). 
 “Currency Agreement” means in respect of a Person any foreign exchange contract, currency swap agreement or other similar agreement as to which such Person is a party or a beneficiary.

 “Debt Facility” or “Debt Facilities” means one or more debt facilities (including, without
limitation, the Inventory Revolver and the Rabobank Term Loan) or commercial paper facilities with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of
receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit or issuances of debt securities, in each case, as amended, restated, supplemented, modified, renewed,
refunded, replaced or refinanced in whole or in part from time to time (and whether or not with the original trustee, administrative agent, holders and lenders or another trustee, administrative agent or agents or other holders or lenders and
whether provided under the Inventory Revolver or the Rabobank Term Loan, or any other credit agreement or other agreement or indenture). 

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

 “Depositary” means The Depository Trust Company, its nominees and their respective successors and assigns,
or such other depository institution hereinafter appointed by the Company. 
 “Designated Non-Cash
Consideration” means the fair market value of non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Disposition that is so designated as Designated Non-Cash Consideration pursuant
to an Officer’s Certificate, setting forth the basis of such valuation, executed by the principal financial officer of the Company, less the amount of Cash Equivalents received in connection with a subsequent sale of such Designated Non-Cash
Consideration. 
 “Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person
that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable or exercisable) or upon the happening of any event (i) matures or is mandatorily redeemable pursuant to a sinking fund obligation or
otherwise, (ii) is convertible or exchangeable for Indebtedness or Disqualified Stock or (iii) is redeemable at the option of the holder thereof, in whole or in part, in each case on or prior to 123 days after the Stated Maturity of the
Securities; provided, that any Capital Stock that would not constitute Disqualified Stock but for provisions thereof giving holders thereof the right to require such Person to repurchase or redeem such Capital Stock upon the occurrence of an
“asset sale” or “change of control” occurring prior to the Stated Maturity of the Securities shall not constitute Disqualified Stock if the “asset sale” or “change of control” provisions applicable to such
Capital Stock are no more favorable to the holders of such Capital Stock than the provisions contained in Sections 3.07 and 3.09 of this Indenture and such Capital Stock specifically provides that such Person will not repurchase or
redeem any such stock pursuant to such provision prior to the Company’s repurchase of such Securities as are required to be repurchased pursuant to Sections 3.07 and 3.09 of this Indenture. 

“EBITDA” means, for any period, the Consolidated Net Income for such period, plus, without duplication and to the
extent deducted in calculating such Consolidated Net Income, (i) income tax expense, (ii) Consolidated Interest Expense, (iii) depreciation expense, (iv) amortization of intangibles and impairment charges recorded in connection
with the application of Financial Accounting Standard No. 142 “Goodwill and Other Intangibles,” and (v) other non-cash charges or non-cash losses (other than non-cash charges to the extent they represent an accrual of or reserve
for cash charges in any future period or amortization of a prepaid expense that was paid in a prior period), less, without duplication, non-cash items increasing Consolidated Net Income of such Person for such period (excluding any items which
represent the reversal of any accrual of, or cash reserve for, anticipated cash charges recorded in any prior period); provided, that if any Restricted Subsidiary is not directly or indirectly owned 100% by the Company, EBITDA shall be
reduced (to the extent not otherwise reduced in accordance with GAAP) by an amount equal to (A) the amount of the EBITDA attributable to such Restricted Subsidiary multiplied by (B) the quotient of (1) the number of shares of

  
 10 

 
outstanding common Equity Interests of such Restricted Subsidiary not owned directly or indirectly by the Company on the last day of such period by the Company divided by (2) the total
number of shares of outstanding common Equity Interests of such Restricted Subsidiary on the last day of such period. 

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest. 

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

“Fiscal Year” means the fiscal year of the Company ending on the Sunday closest to April 30 of each year or such
other fiscal year as may be determined by the Company and the Board of Directors and of which the Trustee shall receive written notice pursuant to the Indenture. 
 “Foreign Borrowing Base” means, as of the date of determination, an amount equal to the sum, without duplication of (i) 80% of the net book value of the Company’s Foreign
Subsidiaries’ accounts receivable at such date, (ii) 80% of the net book value of the Company’s Foreign Subsidiaries’ inventories at such date, and (iii) 60% of the net book value of the Company’s Foreign
Subsidiaries’ property, plant and equipment at such date. Net book value shall be determined in accordance with GAAP and shall be that reflected on the most recent available balance sheet (it being understood that the accounts receivable,
inventories and property, plant and equipment of an acquired business may be included if such acquisition has been completed on or prior to the date of determination); provided that an amount of accounts receivable and inventory of the kind
included in the definition of Borrowing Base that would be necessary to be included in the Borrowing Base in order to Incur the aggregate amount of Indebtedness in excess of $2,250.0 million outstanding under clause (b)(i) of
Section 3.03 on the date of determination shall be excluded from any calculation of the Foreign Borrowing Base. 

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

“GAAP” means generally accepted accounting principles in the United States of America as in effect on the Issue Date,
including those 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 approved by a significant segment of the accounting profession. All ratios and computations based on GAAP contained in this Indenture shall be computed in conformity with GAAP. At any time after adoption of
International Financial Reporting Standards (“IFRS”) by the Company for its financial statements and reports for all financial reporting purposes, the Company may elect to apply IFRS for all purposes of the Indenture, and, upon any such
election, references in the indenture to GAAP shall be construed to mean IFRS as in effect on the date of such election; provided that (1) any such election once 

  
 11 

 
made shall be irrevocable (and shall only be made once), (2) all financial statements and reports required to be provided after such election pursuant to the indenture shall be prepared on
the basis of IFRS, (3) from and after such election, all ratios, computations, calculations and other determinations based on GAAP contained in the indenture shall be computed in conformity with IFRS with retroactive effect being given thereto
assuming that such election had been made on the Issue Date, (4) such election shall not have the effect of rendering invalid any payment or Investment made prior to the date of such election pursuant to the covenant described under
Section 3.04 or any Incurrence of Indebtedness incurred prior to the date of such election pursuant to the covenant described under Section 3.03 (or any other action conditioned on the Company having been able to Incur $1.00
of additional Indebtedness) if such payment, Investment, Incurrence or other action was valid under the Indenture on the date made, Incurred or taken, as the case may be, and (5) all accounting terms and references in the Indenture to
accounting standards shall be deemed to be references to the most comparable terms or standards under IFRS. The Company shall give written notice of any election to the Trustee and the Holders within 15 days of such election. For the avoidance of
doubt, solely making an election (without any other action) referred to in this definition will not be treated as an Incurrence of Indebtedness. 
 “Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness or other nonfinancial obligation of any other Person and any
obligation, direct or indirect, contingent or otherwise, of such Person (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or such other obligation of such other Person (whether arising by
virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise) or (ii) entered into for purposes of assuring in
any other manner the obligee of such Indebtedness or other obligation of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided, however, that the term “Guarantee” shall not
include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee” used as a verb has a corresponding meaning. 
 “Guarantor Subordinated Indebtedness” means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter
Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement. 
 “Hedging Obligations” of any Person means the obligations of such Person pursuant to any Interest Rate Agreement or Currency Agreement. 

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

“Incur” means issue, assume, Guarantee, incur or otherwise become liable for; provided, however, that any
Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Subsidiary at the time it becomes a Subsidiary. Any
Indebtedness issued at a discount (including Indebtedness on which interest is payable through the issuance of additional Indebtedness) shall be deemed Incurred at the time of original issuance of the Indebtedness at the initial accreted amount
thereof. 

  
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 “Indebtedness” means, with respect to any Person on any date of
determination (without duplication): (i) the principal of and premium (if any) in respect of indebtedness of such Person for borrowed money, (ii) the principal of and premium (if any) in respect of obligations of such Person evidenced by
bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person in respect of letters of credit or other similar instruments (including reimbursement obligations with respect thereto) (other than obligations with
respect to letters of credit securing obligations (other than obligations described in clauses (i), (ii) and (v)) entered into in the ordinary course of business of such Person to the extent that such letters of credit are not drawn upon or, if
and to the extent drawn upon, such drawing is reimbursed no later than the third Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit), (iv) all obligations of such Person to pay
the deferred and unpaid purchase price of property or services (except Trade Payables), which purchase price is due more than six months after the date of placing such property in final service or taking final delivery and title thereto or the
completion of such services, (v) all Capitalized Lease Obligations and Attributable Debt of such Person, (vi) the redemption, repayment or other repurchase amount of such Person with respect to any Disqualified Stock or, with respect to
any Subsidiary of the Company, any Preferred Stock (but excluding, in each case, any accrued dividends), (vii) all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such
Person; provided, however, that the amount of Indebtedness of such Person shall be the lesser of (A) the fair market value of such asset at such date of determination and (B) the amount of such Indebtedness of such other Persons,
(viii) all Indebtedness of other Persons to the extent Guaranteed by such Person and (ix) to the extent not otherwise included in this definition, net Hedging Obligations of such Person (such obligations to be equal at any time to the
termination value of such agreement or arrangement giving rise to such Hedging Obligation that would be payable by such Person at such time). 
 “Interest Rate Agreement” means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap
agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary. 

“Inventory Revolver” means the Second Amended and Restated Credit Agreement dated as of June 9, 2011 among the
Company, the subsidiaries of the Company party thereto, the lenders parties thereto and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland,” New York Branch, as administrative agent (or its successor in such
capacity), as it may be amended, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another
administrative agent or agents or one or more other lenders and whether provided under the original Inventory Revolver or one or more other credit or other agreements or indentures). 

“Investment” in any Person means any direct or indirect advance, loan (other than advances to customers in the ordinary
course of business that are, in conformity with GAAP, 

  
 13 

 
recorded as accounts receivable on the balance sheet of the Company or its Restricted Subsidiaries) or other extension of credit (including by way of Guarantee or similar arrangement) or capital
contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments
issued by such Person. For purposes of the definition of “Unrestricted Subsidiary” and Section 3.04, (i) “Investment” shall include the portion (proportionate to the Company’s equity interest in such
Subsidiary) of the fair market value of the net assets of any Subsidiary of the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted
Subsidiary, the Company shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to (x) the Company’s “Investment” in such Subsidiary at the time of
such redesignation less (y) the portion (proportionate to the Company’s equity interest in such Subsidiary) of the fair market value of the net assets of such Subsidiary at the time of such redesignation; and (ii) any property
transferred to or from an Unrestricted Subsidiary shall be valued at its fair market value at the time of such transfer, in each case as determined in good faith either by the Board of Directors or Senior Management. 

“Investment Grade Status,” with respect to the Company, shall occur when the Securities receive a rating of
“BBB-”or higher from S&P and a rating of “Baa3” or higher from Moody’s. 
 “Issue
Date” means August 1, 2012. 
 “Lien” means any mortgage, pledge, security interest,
encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof, any option or other agreement to sell, or any filing of, or any agreement to give any security interest).

 “Moody’s” means Moody’s Investors Service, Inc., and its successors. 

“Net Available Cash” from an Asset Disposition means cash payments received (including any cash payments received by
way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other
obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of (i) all legal, title and recording tax expenses, commissions and other fees
and expenses incurred (including fees and expenses of counsel, accountants and investment bankers), and all Federal, state, provincial, foreign and local taxes required to be paid or accrued as a liability under GAAP, as a consequence of such Asset
Disposition, (ii) all payments made on any Indebtedness that is secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such assets, or that must by its terms, or in order to obtain a necessary
consent to such Asset Disposition, or by applicable law, be repaid out of the proceeds from such Asset Disposition, (iii) all distributions and other payments required to be made to minority interest holders in Subsidiaries or joint ventures as
a result of such Asset Disposition, (iv) appropriate amounts to be provided by the seller as a reserve, in accordance with GAAP, against any 

  
 14 

 
liabilities associated with the assets disposed of in such Asset Disposition and retained by the Company or any Restricted Subsidiary after such Asset Disposition and (v) any portion of the
purchase price from an Asset Disposition placed in escrow (whether as a reserve for adjustment of the purchase price, or for satisfaction of indemnities in respect of such Asset Disposition); provided, however, that in the cases of clauses
(iv) and (v), upon reversal of any such reserve or the termination of any such escrow, Net Available Cash shall be increased by the amount of such reversal or any portion of funds released from escrow to the Company or any Restricted
Subsidiary. 
 “Net Cash Proceeds,” means, with respect to any issuance or sale of Capital Stock or
Indebtedness, the cash proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in
connection with such issuance or sale and net of taxes paid or payable as a result thereof. 
 “Non-Guarantor
Restricted Subsidiary” means any Restricted Subsidiary that is not a Subsidiary Guarantor. 
 “Non-Recourse
Indebtedness” means Indebtedness (i) as to which neither the Company nor any of its Restricted Subsidiaries (a) is liable or provides credit support pursuant to any undertaking, agreement or instrument that would constitute
Indebtedness or (b) is directly or indirectly liable and (ii) no default with respect to which 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 Indebtedness or cause the payment thereof to be accelerated or payable prior to its Stated Maturity. 

“Officer” means any one of the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating
Officer, any Vice President, the Treasurer, the Secretary or the Controller of the Company. 
 “Officers’
Certificate” means a certificate signed by two or more Officers; provided, however, that an Officers’ Certificate given pursuant to Section 102 of the Original Indenture shall be signed by any one of the principal executive
officer, principal financial officer or principal accounting officer of the Company. 
 “Opinion of Counsel”
means a written opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee. 
 “Pari Passu Indebtedness” means Indebtedness that ranks equally in right of payment to the Securities. 
 “Permitted Employee Payments” means Restricted Payments by the Company or any Restricted Subsidiary in respect of (i) the repurchase of Capital Stock by the Company or any Restricted
Subsidiary from an employee of the Company or any Restricted Subsidiary or their assigns, estates or heirs upon the death, retirement or termination of such employee or (ii) loans or advances to employees of the Company or any of its
Subsidiaries made in the ordinary course of business. 

  
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 “Permitted Holders” means Joseph W. Luter, III or any Person the majority
of the equity interests of which is beneficially owned by Joseph W. Luter, III. 
 “Permitted Investment”
means an Investment by the Company or any Restricted Subsidiary in (i) a Restricted Subsidiary, the Company or a Person that will, upon the making of such Investment, become a Restricted Subsidiary; provided, however, that the primary
business of such Restricted Subsidiary is a Related Business; (ii) another Person if as a result of such Investment such other Person is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, the
Company or a Restricted Subsidiary; provided, however, that the primary business of such Person is a Related Business; (iii) Temporary Cash Investments; (iv) receivables owing to the Company or any Restricted Subsidiary, if created
or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Company or any such Restricted
Subsidiary deems reasonable under the circumstances; (v) securities received as consideration in Asset Dispositions made in compliance with Section 3.07 with the exception of securities received as consideration for Asset
Dispositions of any property, plant, equipment or other facility closed and designated in accordance with clause (a)(ii) of Section 3.07; (vi) Investments in existence on the Issue Date (but not in excess of the amount of such
Investments in existence on the Issue Date without giving effect to increases or decreases attributable to accounting for the net income of such Investments or subsequent changes in value); (vii) any Investment by the Company or a Wholly-Owned
Subsidiary in a Receivables Entity or any Investment by a Receivables Entity in any other Person in connection with a Qualified Receivables Transaction; provided that any Investment in a Receivables Entity is in the form of a Purchase Money
Note or an Equity Interest and (viii) additional Investments in a Related Business since the Issue Date having an aggregate fair market value, taken together with all other Investments made pursuant to this clause (viii) since the Issue
Date that are at that time outstanding, not to exceed 20% of Total Assets at the time of such Investment (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value).

 “Permitted Joint Venture” means any Person in which the Company or a Restricted Subsidiary owns, directly
or indirectly, an ownership interest (other than a Subsidiary) and whose primary business is related, ancillary or complementary to any of the businesses of the Company and its Restricted Subsidiaries at the time of determination. 

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

(1) Liens securing Indebtedness Incurred pursuant to clause (b)(i) of Section 3.03; 

(2) pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance laws or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
or cash or United States government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import or customs duties or for the payment of rent, in each case Incurred in the ordinary
course of business; 

  
 16 

 (3) Liens imposed by law, including carriers’, warehousemen’s and
mechanics’ Liens, in each case for sums not yet due or being contested in good faith by appropriate proceedings if a reserve or other appropriate provisions, if any, as shall be required by GAAP shall have been made in respect thereof;

 (4) Liens for taxes, assessments or other governmental charges not yet subject to penalties for non-payment or
which are being contested in good faith by appropriate proceedings provided appropriate reserves required pursuant to GAAP have been made in respect thereof; 
 (5) Liens in favor of issuers of surety or performance bonds or letters of credit or bankers’ acceptances issued pursuant to the request of and for the account of such Person in the ordinary course
of its business; provided, however, that such instruments do not secure the payment of Indebtedness; 

(6) encumbrances, 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 properties or liens incidental to the conduct of the business of such Person or to the ownership of its properties which do not in the
aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of such Person; 
 (7) Liens securing Hedging Obligations so long as the related Indebtedness is, and is permitted to be under the Indenture, secured by a Lien on the same property securing such Hedging Obligation;

 (8) leases and subleases of real property which do not materially interfere with the ordinary conduct of the
business of the Company or any of its Restricted Subsidiaries; 
 (9) judgment Liens not giving rise to an Event
of Default so long as such Lien is adequately bonded and any appropriate legal proceedings which may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be
initiated has not expired; 
 (10) Liens for the purpose of securing the payment of all or a part of the purchase
price of, or Capitalized Lease Obligations with respect to, assets or property acquired or constructed in the ordinary course of business, provided that: 
 (a) the aggregate principal amount of Indebtedness secured by such Liens is otherwise permitted to be Incurred under the Indenture and does not exceed the cost of the assets or property so acquired or
constructed; and 
 (b) such Liens are created within 180 days of construction or acquisition of such assets or
property and do not encumber any other assets or property of the Company or any Restricted Subsidiary other than such assets or property and assets affixed or appurtenant thereto; 

  
 17 

 (11) Liens arising solely by virtue of any statutory or common law
provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution; provided that: 

(a) such deposit account is not a dedicated cash collateral account and is not subject to restrictions against access by
the Company in excess of those set forth by regulations promulgated by the Federal Reserve Board; and 
 (b) such
deposit account is not intended by the Company or any Restricted Subsidiary to provide collateral to the depository institution; 
 (12) Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business;

 (13) Liens existing on the Issue Date (excluding Liens permitted under clause (1)); 

(14) Liens on property or shares of stock of a Person at the time such Person becomes a Restricted Subsidiary;
provided, however, that such Liens are not created, incurred or assumed in connection with, or in contemplation of, such other Person becoming a Restricted Subsidiary; provided further, however, that any such Lien may not extend to any
other property owned by the Company or any Restricted Subsidiary; 
 (15) Liens on property at the time the
Company or a Restricted Subsidiary acquired the property, including any acquisition by means of a merger or consolidation with or into the Company or any Restricted Subsidiary; provided, however, that such Liens are not created, incurred or
assumed in connection with, or in contemplation of, such acquisition; provided further, however, that such Liens may not extend to any other property owned by the Company or any Restricted Subsidiary; 

(16) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Company or a Wholly-Owned
Subsidiary (other than a Receivables Entity); 
 (17) Liens securing the Securities and Subsidiary Guarantees;

 (18) Liens securing Indebtedness incurred after the Issue Date and any Refinancing Indebtedness relating
thereto (excluding any Liens securing any other Indebtedness Incurred after the Issue Date permitted under other clauses hereof) in an aggregate principal amount at any one time outstanding not to exceed the greater of (x) $500.0 million and
(y) 7.0% of Total Assets; 
 (19) Liens securing Refinancing Indebtedness (other than Liens Incurred under
clauses (1) and (18) above) incurred to refinance Indebtedness that was previously so secured, provided that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or
dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is the security for a Permitted
Lien hereunder; 

  
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 (20) Liens on assets transferred to a Receivables Entity or on assets of a
Receivables Entity, in either case incurred in connection with a Qualified Receivables Transaction; and 
 (21)
Liens on assets of Foreign Subsidiaries securing Indebtedness Incurred under clause (b)(ix) of Section 3.03. 

“Person” means any individual, corporation, limited liability company, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 
 “Preferred Stock”, as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) that is preferred as to the payment of dividends,
or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation. 

“Pro Forma Cost Savings” means, without duplication, with respect to any period, the net reduction in costs and other
operating improvements or synergies that have been realized or are reasonably anticipated to be realized in good faith with respect to a pro forma event within twelve months of the date of such pro forma event and that are reasonable and factually
supportable, as if all such reductions in costs had been effected as of the beginning of such period, decreased by any incremental expenses incurred or to be incurred during such four quarter period in order to achieve such reduction in costs. Pro
Forma Cost Savings described in the preceding sentence shall be accompanied by an Officers’ Certificate delivered to the Trustee from the Company’s chief financial officer that outlines the specific actions taken or to be taken and the net
cost reductions and other operating improvements or synergies achieved or to be achieved from each such action and certifies that such cost reductions and other operating improvements or synergies meet the criteria set forth in the preceding
sentence. 
 “Public Equity Offering” means a public offering for cash by the Company of its Common Stock, or
options, warrants or rights with respect to its Common Stock made pursuant to a registration statement that has been declared effective by the SEC, other than public offerings with respect to the Company’s Common Stock, or options, warrants or
rights, registered on Form S-4 or S-8. 
 “Purchase Money Note” means a promissory note of a Receivables
Entity evidencing a line of credit, which may be irrevocable, from the Company or any Subsidiary of the Company in connection with a Qualified Receivables Transaction to a Receivables Entity, which note shall be repaid from cash available to the
Receivables Entity, other than amounts required to be established as reserves pursuant to agreements, amounts paid to investors in respect of interest, principal and other amounts owing to such investors and amounts owing to such investors and
amounts paid in connection with the purchase of newly generated receivables. 

  
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 “Qualified Receivables Transaction” means any transaction or series of
transactions that may be entered into by the Company or any of its Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Entity (in the case of a transfer by the
Company or any of its Subsidiaries) and (b) any other Person (in the case of a transfer by a Receivables Entity), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of the Company or any
of its Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of such accounts receivable, proceeds of such
accounts receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable. 

“Qualified Stock” means any Capital Stock that is not Disqualified Stock. 

“Rabobank Term Loan” means the Credit Agreement dated as of July 2, 2009 among the Company, the lenders party
thereto, the co-documentation agents party thereto, and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. “Rabobank Nederland,” New York Branch, as Administrative Agent, as amended and as it may be amended, supplemented or modified
from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent or agents or one or more other lenders
and whether provided under the original Rabobank Term Loan or one or more other credit or other agreements or indentures). 

“Receivables Entity” means a Wholly-Owned Subsidiary of the Company (or another Person in which the Company or any
Subsidiary of the Company makes an Investment and to which the Company or any Subsidiary of the Company transfers accounts receivable and related assets) 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 Entity, (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by
the Company or any Subsidiary of the Company (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Company or
any Subsidiary of the Company in any way other than pursuant to Standard Securitization Undertakings or (iii) subjects any property or asset of the Company or any Subsidiary of the Company, directly or indirectly, contingently or otherwise, to
the satisfaction thereof, other than pursuant to Standard Securitization Undertakings, (b) with which neither the Company nor any Subsidiary of the Company has any material contract, agreement, arrangement or understanding (except in connection
with a Purchase Money Note or Qualified Receivables Transaction) other than on terms no less favorable to the Company or such Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Company, other than
fees payable in the ordinary course of business in connection with servicing accounts receivable, and (c) to which neither the Company nor any Subsidiary of the Company has any obligation to maintain or preserve such entity’s financial
condition or cause such entity to achieve certain levels of operating results. Any such designation by the Board of Directors of the Company shall 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 foregoing conditions. 

  
 20 

 “Receivables Fees” means any fees or interest paid to purchasers or
lenders providing the financing in connection with a Qualified Receivables Transaction or a factoring or similar agreement, including any such amounts paid by discounting the face amount of Receivables or participations therein transferred in
connection with a Qualified Receivables Transaction, factoring agreement or other similar agreement, regardless of whether any such transaction is structured as on-balance sheet or off-balance sheet or through a Restricted Subsidiary or an
Unrestricted Subsidiary. 
 “Recourse Indebtedness” means Indebtedness that is not Non-Recourse Indebtedness.

 “Refinancing Indebtedness” means Indebtedness that is Incurred to refund, refinance, replace, renew, repay
or extend (including pursuant to any defeasance or discharge mechanism) (collectively, “refinances”, and “refinanced” shall have a correlative meaning) any Indebtedness existing on the Issue Date or Incurred in compliance with
the Indenture (including Indebtedness of the Company that refinances Indebtedness of any Restricted Subsidiary (to the extent permitted by the Indenture) and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of another
Restricted Subsidiary (except that a Subsidiary Guarantor shall not refinance Indebtedness of a Restricted Subsidiary that is not a Subsidiary Guarantor)) including Indebtedness that refinances Refinancing Indebtedness; provided, however,
that (i) the Refinancing Indebtedness has a Stated Maturity no earlier than the Stated Maturity of the Indebtedness being refinanced, (ii) the Refinancing Indebtedness has an Average Life at the time such Refinancing Indebtedness is
Incurred that is equal to or greater than the Average Life of the Indebtedness being refinanced, (iii) such Refinancing Indebtedness is Incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue
price) that is equal to or less than the aggregate principal amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced, plus fees, underwriting discounts, premiums, unpaid
accrued interest and other costs and expenses incurred in connection with such Refinancing Indebtedness and (iv) if the Indebtedness being refinanced is subordinated in right of payment to the Securities or a Subsidiary Guarantee, such
Refinancing Indebtedness is subordinated in right of payment to the Securities or the Subsidiary Guarantee on terms at least as favorable to the Holders as those contained in the documentation governing the Indebtedness being extended, refinanced,
renewed, replaced, defeased or refunded; provided further, however, that Refinancing Indebtedness shall not include (x) Indebtedness of a Restricted Subsidiary that refinances Indebtedness of the Company or (y) Indebtedness of the
Company or a Restricted Subsidiary that refinances Indebtedness of an Unrestricted Subsidiary. 
 “Related
Business” means any business which is the same as or related, complementary or ancillary to any of the businesses of the Company and its Restricted Subsidiaries on the Issue Date. 

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

  
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 “Restricted Subsidiary” means any Subsidiary of the Company other than an
Unrestricted Subsidiary. 
 “Sale/Leaseback Transaction” means any direct or indirect arrangement relating to
property now owned or hereafter acquired by the Company or a Restricted Subsidiary whereby the Company or such Restricted Subsidiary transfers such property to a Person and the Company or such Restricted Subsidiary leases it from such Person, other
than leases between the Company and a Wholly-Owned Subsidiary or between Wholly-Owned Subsidiaries. 
 “SEC”
means the Securities and Exchange Commission. 
 “Secured Indebtedness” means any Indebtedness secured by a
Lien. 
 “Securities” means the Securities issued under this Indenture. 

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

“Securities Custodian” means the custodian with respect to the Global Security (as appointed by the Depositary), or any
successor Person thereto and shall initially be the Trustee. 
 “Securitization Facility” means the Credit and
Security Agreement dated as of June 9, 2011 among Smithfield Receivables Funding LLC, as borrower, the Company, as servicer, the lenders parties thereto and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank
Nederland,” New York Branch, as administrative agent and letter of credit issuer (or its successor in such capacity), as it may be amended, supplemented or modified from time to time and any renewal, increase, extension, refunding,
restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent or agents or one or more other lenders and whether provided under the original Securitization Facility or
one or more other credit or other agreements or indentures). 
 “Senior Management” means with respect to the
Company or any of its Subsidiaries, as the case may be, any one of the Chairman of the Board, the Chief Executive Officer, the President and the Chief Operating Officer or any combination of the foregoing. 

“Senior Notes due 2013” means the Company’s 7 3/4% Senior Notes due 2013. 
 “Senior Notes due
2017” means the Company’s
7 3/4% Senior Notes due 2017. 
 “Senior Secured Notes due
2014” means the Company’s 10% Senior Secured Notes due 2014. 
 “Significant Subsidiary” means
any Restricted Subsidiary that is a “Significant Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 
 “S&P” means Standard & Poor’s Ratings Service, a division of The McGraw-Hill Companies, Inc., and its successors. 

  
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 “Standard Securitization Undertakings” means representations, warranties,
covenants and indemnities entered into by the Company or any Subsidiary of the Company which are reasonably customary in an accounts receivable transaction. 
 “Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which the payment of principal of such security is due and payable,
including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such security at the option of the holder thereof upon the happening of any contingency beyond the control of the issuer, unless
such contingency has occurred). 
 “Subordinated Indebtedness” means any Indebtedness of the Company (whether
outstanding on the Issue Date or thereafter Incurred) which is subordinate or junior in right of payment to the Securities pursuant to a written agreement. 
 “Subsidiary” of any Person means any corporation, association, limited liability company, partnership or other business entity of which more than 50% of the total voting power of shares
of Capital Stock or other interests (including partnership or joint venture interests) 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 (i) such Person or (ii) one or more Subsidiaries of such Person. 

“Subsidiary Guarantee” means any Guarantee of payment of the Securities by a Subsidiary Guarantor pursuant to the terms
of this Indenture and any supplemental indenture thereto. Each such Subsidiary Guarantee will be in the form prescribed by this Indenture. 
 “Subsidiary Guarantor” means any Restricted Subsidiary that has issued a Subsidiary Guarantee under this Indenture; provided that upon the release and discharge of such Restricted
Subsidiary from its Subsidiary Guarantee in accordance with the terms of this Indenture, such Restricted Subsidiary ceases to be a Subsidiary Guarantor. 
 “Temporary Cash Investments” means any of the following: (i) any Investment in direct obligations (x) of the United States of America or any agency thereof or obligations
Guaranteed by the United States of America or any agency thereof or (y) of any foreign country recognized by the United States of America rated at least “A” by S&P or “A-1” by Moody’s, (ii) Investments in time
deposit accounts, certificates of deposit and money market deposits maturing within 180 days of the date of acquisition thereof issued by a bank or trust company that is organized under the laws of the United States of America, any state thereof or
any foreign country recognized by the United States of America having capital and surplus aggregating in excess of $250.0 million (or the foreign currency equivalent thereof) and whose long-term debt is rated “A” by S&P or
“A-1” by Moody’s, (iii) repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clause (i) or (ii) above entered into with a bank meeting the qualifications
described in clause (ii) above, (iv) Investments in commercial paper, maturing not more than 270 days after the date of acquisition, issued by a corporation (other than an Affiliate of the Company) organized and in existence under the laws
of the United States of America or any foreign country recognized by the United States of America with a rating at the time as of which any Investment therein is made of “P-1” (or higher)

  
 23 

 
according to Moody’s or “A-1” (or higher) according to S&P, (v) Investments in securities with maturities of six months or less from the date of acquisition issued or
fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least “A” by S&P or “A” by Moody’s and (vi) any
money market deposit accounts issued or offered by a domestic commercial bank or a commercial bank organized and located in a country recognized by the United States of America, in each case, having capital and surplus in excess of $250.0 million
(or the foreign currency equivalent thereof), or investments in money market funds complying with the risk limiting conditions of Rule 2a-7 (or any short-term successor rule) of the SEC, under the Investment Company Act of 1940, as amended.

 “TIA” means the Trust Indenture Act of 1939, as amended. 

“Total Assets” means, with respect to any Person, the total consolidated assets of such Person and its Restricted
Subsidiaries, as shown on the most recent published balance sheet of such Person, determined on a pro forma basis in a manner consistent with the pro forma adjustments contained in the definition of Consolidated Coverage Ratio. 

“Trade Payables” means, with respect to any Person, any accounts payable or any indebtedness or monetary obligation to
trade creditors created, assumed or Guaranteed by such Person arising in the ordinary course of business in connection with the acquisition of goods or services. 
 “Treasury Rate” means, with respect to a redemption date, the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and
published in the most recent Federal Reserve Statistical Release H.15(519) that has become publicly available at least two Business Days prior to such redemption date (or, if such Statistical Release is no longer published, any publicly available
source of similar market data)) most nearly equal to the period from such redemption date to August 15, 2017; provided, however, that if the period from the redemption date to such date is not equal to the constant maturity of a United States
Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which
such yields are given, except that if the period from the redemption date to such date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

 “Trustee” means the party named as such in this Indenture until a successor replaces it and, thereafter,
means such successor. 
 “Trust Officer” means the Chairman of the Board, the President or any other officer
or assistant officer of the Trustee assigned by the Trustee to administer its corporate trust matters. 
 “Uniform
Commercial Code” means the New York Uniform Commercial Code as in effect from time to time. 

  
 24 

 “Unrestricted Subsidiary” means (i) any Subsidiary of the Company
that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors in the manner provided below and (ii) any Subsidiary of an Unrestricted Subsidiary. The Board of Directors may designate any Restricted
Subsidiary of the Company (including any newly acquired or newly formed Subsidiary of the Company) to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Stock of, or owns or holds any Lien on any property of, the Company or any
Restricted Subsidiary (except a Restricted Subsidiary which upon such designation becomes an Unrestricted Subsidiary in accordance with this Indenture); provided that (i) such designation would be permitted under
Section 3.04, (ii) no portion of the Indebtedness or any other obligation (contingent or otherwise) of such Subsidiary (A) is Guaranteed by the Company or any Restricted Subsidiary, (B) is Recourse Indebtedness or
(C) subjects any property or asset of the Company or any Restricted Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, and (iii) no default or event of default with respect to any Indebtedness of
such Subsidiary would permit any holder of any Indebtedness of the Company or any Restricted Subsidiary to declare such Indebtedness of the Company or any Restricted Subsidiary due and payable prior to its maturity. The Board of Directors may
designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, that immediately after giving effect to such designation (x) the Company could Incur $1.00 of additional Indebtedness under Section 3.03(a) and
(y) no Default or Event of Default shall have occurred and be continuing. Any such designation by the Board of Directors shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the Board Resolution giving effect to such
designation and an Officers’ Certificate that such designation complied with the foregoing provisions. 
 “U.S.
Government Obligations” means direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full
faith and credit of the United States of America is pledged and which are not callable or redeemable at the issuer’s option. 
 “Voting Stock” of an entity means all classes of Capital Stock of such entity then outstanding and normally entitled to vote in the election of directors or all interests in such entity
with the ability to control the management or actions of such entity. 
 “Wholly-Owned Subsidiary” means a
Restricted Subsidiary, 80% or more of the Capital Stock of which (other than directors’ qualifying shares) is owned directly or indirectly by the Company. 

  
 25 

 SECTION 1.03. Other Definitions. 

 

			
	 Term
	  	 Defined in
Section

		
	 “Additional Securities”
	  	1.01
		
	 “Affiliate Transaction”
	  	3.08
		
	 “Announced Asset Disposition”
	  	3.07
		
	 “Bankruptcy Law”
	  	5.01
		
	 “Change of Control Offer”
	  	3.09
		
	 “Change of Control Payment Date”
	  	3.09
		
	 “covenant defeasance option”
	  	6.01
		
	 “Custodian”
	  	5.01
		
	 “Event of Default”
	  	5.01
		
	 “Excess Proceeds”
	  	3.07
		
	 “Initial Securities”
	  	1.01
		
	 “legal defeasance option”
	  	6.01
		
	 “Note Amount”
	  	3.07
		
	 “Offer”
	  	3.07
		
	 “Offer Amount”
	  	3.07
		
	 “Offer Period”
	  	3.07
		
	 “Pari Passu Offer”
	  	3.07
		
	 “Purchase Date”
	  	3.07
		
	 “Restricted Payment”
	  	3.04
		
	 “Securities”
	  	1.01
		
	 “Successor Company”
	  	4.01
		
	 “Successor Guarantor”
	  	4.02

 SECTION 1.04. Incorporation by Reference of Trust Indenture Act. This Indenture is subject
to the mandatory provisions of the TIA which are incorporated by reference in and made a part of this Indenture. The following TIA terms have the following meanings: 
 “Commission” means the Securities and Exchange Commission. 

  
 26 

 “indenture securities” means the Securities. 

“obligor” on the Securities means the Company and any other obligor on the Securities. 

All other TIA terms used in this Indenture that are defined by the TIA, defined in the TIA by reference to another statute or defined by
SEC rule have the meanings assigned to them by such definitions. 
 SECTION 1.05. Rules of Construction. Unless the
context otherwise requires: 
 (1) a term has the meaning assigned to it; 

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

(3) “or” is not exclusive; 

(4) “including” means including without limitation; 

(5) words in the singular include the plural and words in the plural include the singular; 

(6) unsecured Indebtedness shall not be deemed to be subordinate or junior to Secured Indebtedness merely by virtue
of its nature as unsecured Indebtedness; 
 (7) the principal amount of any noninterest bearing or other
discount security at any date shall be the principal amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; and 

(8) the principal amount of any Preferred Stock shall be (i) the maximum liquidation value of such Preferred
Stock or (ii) the maximum mandatory redemption or mandatory repurchase price with respect to such Preferred Stock, whichever is greater. 
 SECTION 1.06. Definitive Securities. In addition to Article II of the Original Indenture, the following provisions shall apply to the form of the Securities hereunder: 

(1) Except as provided below, owners of beneficial interests in Securities in global form will not be entitled to
receive definitive Securities. If required to do so pursuant to any applicable law or regulation, beneficial owners may obtain definitive Securities in exchange for their beneficial interests in a Security in global form upon written request in
accordance with the Depository’s and the Security Registrar’s procedures. In addition, definitive Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in a Security in global form if
(a) the Depository notifies the Company that it is unwilling or unable to continue as depositary for such Security in global form or the Depository ceases to be a clearing agency registered under the Exchange Act, at a time when the Depository
is required to be so registered in order to act as depositary, and in each case a successor depositary is not appointed by the 

  
 27 

 
Company within 90 days of such notice or, (b) the Company executes and delivers to the Trustee and Security Registrar an Officers’ Certificate stating that such Security in global form
shall be so exchangeable or (c) an Event of Default has occurred and is continuing and the Security Registrar has received a request from the Depository. 
 (2) In connection with the exchange of a portion of a definitive Security for a beneficial interest in a Security in global form, the Trustee shall cancel such definitive Security, and the Company
shall execute, and the Trustee shall authenticate and deliver, to the transferring Holder a new definitive Security representing the principal amount not so transferred. 
 SECTION 1.07. Computation of Interest. Interest on the Securities shall be computed on the basis of a 360 day year of twelve 30 day months. 

ARTICLE II 

REDEMPTION 

SECTION 2.01. Selection of Securities to Be Redeemed. In the case of any partial redemption, the Trustee will select the
Securities for redemption in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed, or, if the Securities are not listed, then on a pro rata basis, by lot or by such other method
as the Trustee in its sole discretion will deem to be fair and reasonable, although no Security of $2,000 in original principal amount or less will be redeemed in part. If any Security is to be redeemed in part only, the notice of redemption
relating to such Security will state the portion of the principal amount thereof to be redeemed. A new Security in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the
original Security. 
 The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and,
in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes
of this Indenture, unless the context otherwise requires, all provisions relating to redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security
which has been or is to be redeemed. 
 This Section 2.01 shall be applicable with respect to the Securities in
lieu of the applicable provisions of Section 1103 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION 2.02. Optional Redemption. On and after August 15, 2017, the Company may redeem the Securities, in whole or in part, upon not less than 30 nor more than 60 days’ notice, at
the following redemption prices (expressed as a percentage of principal amount of the Securities to be redeemed) set forth below, plus accrued and unpaid interest, if any, on the Securities to the applicable redemption date (subject to the right of
Holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the twelve-month period beginning on August 15 of each of the years indicated below: 

 

					
	 Year
	  	Percentage	 
		
	 2017
	  	 	103.313	% 
	 2018
	  	 	102.208	% 
	 2019
	  	 	101.104	% 
	 2020 and thereafter
	  	 	100.000	% 

  
 28 

 Prior to August 15, 2015, the Company may, upon not less than 30 nor more than 60
days’ notice, on any one or more occasions redeem up to 35% of the original principal amount of the Securities with the Net Cash Proceeds of one or more Public Equity Offerings at a redemption price of 106.625% of the principal amount thereof,
plus accrued and unpaid interest, if any, to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided that 

 

	 	(1)	at least 65% of the original principal amount of the Securities (exclusive of any Additional Securities) remains outstanding after each such redemption; and

  

	 	(2)	the redemption occurs within 60 days after the closing of such Public Equity Offering. 

In addition, at any time prior to August 15, 2017, the Securities may be redeemed by the Company, upon not less than 30 nor more
than 60 days’ notice, in whole or in part, at the Company’s option, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the redemption date
(subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date). 
 If the optional redemption date is on or after an interest record date and on or before the related interest payment date, the accrued and unpaid interest, if any, will be paid to the Person in whose name
the Security is registered at the close of business on such record date, and no additional interest will be payable to Holders whose Securities will be subject to redemption by the Company. On and after the redemption date, interest will cease to
accrue on Securities or portions thereof called for redemption. 
 The Company may provide in any redemption notice that
payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction
of one or more conditions precedent, including but not limited to the occurrence of a Change of Control or the completion of a Public Equity Offering. 
 SECTION 2.03. Mandatory Redemption. The Company is not required to make mandatory redemption payments or sinking fund payments with respect to the Securities. 

  
 29 

 ARTICLE III 
 COVENANTS 
 SECTION 3.01. Payment of Securities. The Company will pay
principal of, premium, if any, and interest on the Securities, and the Securities may be exchanged or transferred, at the office or agency designated by the Company in the City of Atlanta (which initially will be the Corporate Trust Office of the
Trustee in Atlanta, Georgia), except that the Company may, at its option, pay interest on the Securities by check to Holders at their registered address as it appears in the Security Register; provided that the Company will pay principal of,
premium, if any, and interest on, Securities in global form registered in the name of or held by the Depository or its nominee by wire in immediately available funds to the Depository or its nominee, as the case may be, as the registered Holder of
such Securities in global form. No service charge will be imposed by the Company, the Trustee or the Registrar for any registration of Securities, but the Company may require a Holder to pay a sum sufficient to cover any transfer tax or other
governmental taxes and fees required by law or permitted by the Indenture. The Company shall be subject to this Section 3.01 in lieu of Section 1001 of the Original Indenture (which shall be of no force and effect for the
Securities). 
 Notwithstanding Section 114 of the Original Indenture, in any case where any Interest Payment Date,
Redemption Date, Repayment Date, Stated Maturity or Maturity or other date of repurchase, redemption or payment of principal in respect of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of
this Indenture or any Security or coupon other than a provision in the Securities of any series which specifically states that such provision shall apply in lieu of this Section), payment of principal (or premium, if any) or interest, if any, need
not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption Date, Repayment Date, or at the Stated
Maturity or Maturity or other date or repurchase, redemption or payment of principal in respect of the Securities; provided that (x) for scheduled payments of interest on February 15 and August 15, the amount of interest
payable shall be equal to the amount payable on the scheduled Interest Payment Date and (y) with respect to the payment of interest in connection with Redemption Dates, Repurchase Dates, and upon Stated Maturity or Maturity or redemptions,
repayments or other payments of principal, the amount of interest shall include interest up to such Redemption Date, Repurchase Date or Stated Maturity or Maturity or to the date of such redemption, repurchase or other payment of principal in
respect of the Securities, as the case may be. 
 The Company shall pay interest on overdue principal at the rate specified
therefor in the Securities, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful. 
 Notwithstanding anything to the contrary contained in this Indenture, the Company may, to the extent it is required to do so by law, deduct or withhold income or other similar taxes imposed by the United
States of America from principal or interest payments hereunder. 

  
 30 

 SECTION 3.02. SEC Reports. Notwithstanding that the Company may not remain
subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company will file (if then permitted to do so) with the SEC and provide (whether or not so filed with the SEC) the Trustee and Holders and prospective Holders
(upon request) within 15 days of the date of filing with the SEC or, if not filed, on the date that such reports would be required to be filed with the SEC if the Company were a reporting company, with the annual reports and the information,
documents and other reports, which are specified in Sections 13 and 15(d) of the Exchange Act (which requirement may be satisfied by posting such information, documents and reports on its website within the time periods specified by this
Section 3.02); provided, however, that the Company shall provide one copy of the exhibits of the foregoing to the Trustee and shall (upon request) provide additional copies of such exhibits to any Holder or prospective Holder. The
Company shall also comply with the other provisions of TIA §314(a). 
 Section 704 of the Original Indenture
shall remain in full force and effect and shall be in addition to the requirements of this Section 3.02. 
 SECTION
3.03. Limitation on Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, Incur any Indebtedness (including Acquired Indebtedness); provided, however, that the Company and its Restricted
Subsidiaries may Incur Indebtedness if on the date of the Incurrence of such Indebtedness the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries would be equal to or greater than 2.00:1.00. 

(b) Notwithstanding the foregoing paragraph (a), the Company and the Restricted Subsidiaries, as set forth below, may Incur the
following Indebtedness: 
  

	 	(i)	(A) Indebtedness Incurred pursuant to Debt Facilities and (B) the Incurrence by a Receivables Entity of Indebtedness in a Qualified Receivables Transaction that is
nonrecourse to the Company or any of its Subsidiaries (except for Standard Securitization Undertakings) in an aggregate principal amount for Indebtedness Incurred under clauses (A) and (B) not to exceed the greater of (x) $2,250.0
million, less the aggregate amount of all repayments of principal actually made under the Inventory Revolver since the Issue Date with Net Available Cash from Asset Dispositions pursuant to clause (a)(iii)(A) of Section 3.07 and
(y) the Borrowing Base; 

  

	 	(ii)	 Indebtedness of the Company owing to and held by any Wholly-Owned Subsidiary or Indebtedness of a Restricted Subsidiary owing to and held by the
Company or any Wholly-Owned Subsidiary; provided, however, (A) if the Company is the obligor on such Indebtedness and a Subsidiary Guarantor is not the obligee, such Indebtedness is expressly subordinated to the prior payment in full in
cash of all obligations with respect to the Securities; (B) if a Subsidiary Guarantor is the obligor on such Indebtedness and neither the Company nor another Subsidiary Guarantor is the obligee, such Indebtedness is expressly subordinated to
the prior payment in full in cash of all obligations with respect to the Subsidiary 

  
 31 

	 	
Guarantee of such Subsidiary Guarantor; and (C) (x) any subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness ceasing to be held by
the Company or a Wholly-Owned Subsidiary of the Company and (y) any sale or other transfer of any such Indebtedness to a Person other than the Company or a Wholly-Owned Subsidiary of the Company, shall be deemed, in each case, to constitute an
Incurrence of such Indebtedness by the Company or such Subsidiary, as the case may be, that was not permitted by this clause (ii); 

  

	 	(iii)	any Indebtedness (other than the Indebtedness described in clauses (i), (ii), (iv), (v), (vi) and (x)) outstanding on the Issue Date, including the Convertible
Notes, the Senior Notes due 2013 and the Senior Notes due 2017 then outstanding, and any Guarantees related thereto, and any Refinancing Indebtedness Incurred in respect of any Indebtedness described in this clause (iii) or paragraph
(a) of this covenant; 

  

	 	(iv)	the Incurrence of Indebtedness represented by the Securities on the Issue Date, and any Refinancing Indebtedness Incurred in respect of any such Indebtedness;

  

	 	(v)	Indebtedness in respect of performance, surety or appeal bonds provided in the ordinary course of business; 

 

	 	(vi)	Indebtedness under Hedging Obligations; provided, however, that such Hedging Obligations are entered into for bona fide hedging purposes of the Company or any
Restricted Subsidiary in the ordinary course of business; 

  

	 	(vii)	Indebtedness (in addition to Indebtedness described in clauses (i) and (iii)) of the Company or any Restricted Subsidiary attributable to Capitalized Lease
Obligations, or Incurred to finance the acquisition, construction or improvement of fixed or capital assets, or constituting Attributable Debt in respect of Sale/Leaseback Transactions, in an aggregate principal amount at any time outstanding, since
the Issue Date, together with any Refinancing Indebtedness with respect to any such Indebtedness Incurred under this clause (vii), not to exceed the greater of (x) $100.0 million and (y) 1.5% of Total Assets; 

 

	 	(viii)	 Indebtedness of a Restricted Subsidiary issued and outstanding on or prior to the date on which such Restricted Subsidiary was acquired by the Company
or any Restricted Subsidiary (other than Indebtedness Incurred (A) as consideration in, or to provide all or any portion of the funds or credit support utilized to consummate, the transaction or series of related transactions pursuant to which
such Restricted Subsidiary became a Restricted Subsidiary or was acquired by the Company or a Restricted Subsidiary or (B) otherwise in connection with, or in contemplation of, such acquisition) and any Refinancing Indebtedness with respect
thereto; 

  
 32 

	 	
provided, however, that on the date of any such acquisition of a Restricted Subsidiary and after giving effect to such acquisition and the Incurrence of such Indebtedness pursuant to this
clause (viii), either (A) the Company shall have been able to Incur at least an additional $1.00 of Indebtedness under paragraph (a) above, or (B) the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries shall
be equal to or greater than immediately prior to such acquisition; 

  

	 	(ix)	Indebtedness of Foreign Subsidiaries in an aggregate principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant
to this clause (ix) since the Issue Date and then outstanding, together with any Refinancing Indebtedness with respect to any such Indebtedness Incurred under this clause (ix), will not in the aggregate exceed the greater of (x) $400.0
million and (y) the Foreign Borrowing Base; 

  

	 	(x)	(a) Indebtedness represented by the Subsidiary Guarantees, (b) Guarantees by the Company of Indebtedness of Restricted Subsidiaries Incurred in accordance with the
provisions of the Indenture; provided that in the event such Indebtedness that is being Guaranteed is Subordinated Indebtedness, then the related Guarantee shall be subordinated in right of payment to the Securities, (c) Guarantees by
Subsidiary Guarantors of Indebtedness of the Company or any other Subsidiary Guarantor Incurred in accordance with the provisions of the Indenture; provided that in the event such Indebtedness that is being Guaranteed is Subordinated
Indebtedness or Guarantor Subordinated Indebtedness, then the related Guarantee shall be subordinated in right of payment to the Securities or the Subsidiary Guarantee, as the case may be, and (d) Guarantees of Indebtedness Incurred pursuant to
clause (i) above; and 

  

	 	(xi)	Indebtedness (in addition to Indebtedness described in clauses (i) through (x)) in an aggregate principal amount which, when taken together with the principal
amount of all other Indebtedness Incurred pursuant to this clause (xi) since the Issue Date and then outstanding, together with any Refinancing Indebtedness with respect to any such Indebtedness Incurred under this clause (xi), shall not exceed
the greater of (x) $150.0 million and (y) 2.0% of Total Assets. 

 (c) No Subsidiary Guarantor will
Incur any Indebtedness if the proceeds thereof are used, directly or indirectly, to refinance any Guarantor Subordinated Indebtedness of such Subsidiary Guarantor unless such Indebtedness will be subordinated to the obligations of such Subsidiary
Guarantor under its Subsidiary Guarantee to at least the same extent as such Guarantor Subordinated Indebtedness. 
 (d) The
Company will not permit any Unrestricted Subsidiary to Incur any Indebtedness other than Non-Recourse Indebtedness; provided, however, if any such Indebtedness ceases to be Non-Recourse Indebtedness, such event shall be deemed to constitute
an Incurrence of Indebtedness by the Company or a Restricted Subsidiary. 

  
 33 

 (e) For purposes of determining compliance with this Section 3.03, in the event
that an item of Indebtedness meets the criteria of more than one of the types of Indebtedness described in this Section 3.03, the Company, in its sole discretion, shall classify such item of Indebtedness on the Issue Date or on the date
of Incurrence and may later reclassify such item of Indebtedness under paragraph (b) of this Section 3.03 in any manner that complies with this Section 3.03 and will only be required to include the amount and type of
such Indebtedness under one of such clauses. Indebtedness outstanding on the Issue Date under the Inventory Revolver, the Securitization Facility and the Rabobank Term Loan shall be deemed initially Incurred on the Issue Date under clause (b)(i) of
this Section 3.03. 
 (f) For purposes of determining compliance with any U.S. dollar-denominated restriction on
the Incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in
the case of term Indebtedness, or first committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would
cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been
exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. Notwithstanding any other provision of this Section 3.03, the maximum amount of
Indebtedness that the Company may Incur pursuant to this Section 3.03 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any Indebtedness Incurred to
refinance other Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Refinancing Indebtedness is denominated that
is in effect on the date of such refinancing. 
 SECTION 3.04. Limitation on Restricted Payments. (a) The
Company will not, and will not permit any Restricted Subsidiary, directly or indirectly, to (i) declare or pay any dividend or make any distribution on or in respect of its Capital Stock, as applicable, (including any payment in connection with
any merger or consolidation involving the Company or its Restricted Subsidiaries) except: (x) dividends or distributions payable solely in Capital Stock of the Company, as applicable, (other than Disqualified Stock) or in options, warrants or
other rights to purchase such Capital Stock of the Company and (y) dividends or distributions payable to the Company or a Restricted Subsidiary of the Company (and, if such Restricted Subsidiary is not directly or indirectly owned 100% by the
Company, to its other stockholders on a pro rata basis), (ii) purchase, redeem, retire or otherwise acquire for value any of the Capital Stock of the Company held by Persons other than the Company or a Restricted Subsidiary of the Company,
(iii) purchase, repurchase, redeem, prepay interest, defease or otherwise acquire or retire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Indebtedness or Guarantor Subordinated
Indebtedness (other than (a) Indebtedness of the Company owing to and held by any Wholly-Owned Subsidiary or Indebtedness of a Subsidiary Guarantor owing to and held by the Company or any other Wholly-Owned 

  
 34 

 
Subsidiary, (b) the redemption, purchase, repurchase or other acquisition or retirement for value of Subordinated Indebtedness or Guarantor Subordinated Indebtedness purchased in
anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase or acquisition or (c) repayments following the occurrence of a default or event
of default under an indenture or other agreement relating to Indebtedness) or (iv) make any Restricted Investment in any Person (any such dividend, distribution, purchase, redemption, repurchase, defeasance, other acquisition, retirement or
Investment referred to in clauses (i) through (iv) being herein referred to as a “Restricted Payment”) if at the time the Company or such Restricted Subsidiary makes such Restricted Payment: (1) a Default shall have
occurred and be continuing (or would result from the Restricted Payment); (2) the Company could not Incur at least an additional $1.00 of Indebtedness under paragraph (a) of Section 3.03; or (3) the aggregate amount of
such Restricted Payment and all other Restricted Payments (the amount so expended, if other than in cash, to be determined in good faith by the Board of Directors, whose determination shall be conclusive and evidenced by a resolution of the Board of
Directors) declared or made subsequent to August 4, 2004 would exceed the sum of: (A) $300.0 million; (B) 50% of the Consolidated Net Income accrued during the period (treated as one accounting period) commencing on August 4,
2004 to the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment as to which financial results are available (but in no event ending more than 135 days prior to the date of such Restricted Payment) (or, in case
such Consolidated Net Income shall be a deficit, minus 100% of such deficit); (C) 100% of the aggregate Net Cash Proceeds received by the Company from the issuance or sale of its Capital Stock (other than Disqualified Stock) or other cash
capital contributions subsequent to August 4, 2004 (other than an issuance or sale to a Subsidiary of the Company and other than an issuance or sale to an employee stock ownership plan or other trust established by the Company or any of its
Subsidiaries for the benefit of their employees to the extent the purchase by such plan or trust is financed by Indebtedness of such plan or trust and for which the Company or any Restricted Subsidiary is the lender or is liable as guarantor or
otherwise); (D) the fair market value (as determined in good faith by the Board of Directors of the Company) of shares of the Company’s Qualified Stock issued to acquire Additional Assets from a third party; (E) the sum of
(i) the amount by which Indebtedness of the Company or its Restricted Subsidiaries is reduced on the Company’s balance sheet upon the conversion or exchange (other than (a) by a Subsidiary of the Company or (b) any conversion of
the Convertible Notes) subsequent to August 4, 2004, of any Indebtedness of the Company or its Restricted Subsidiaries convertible or exchangeable for Capital Stock of the Company (other than Disqualified Stock) (less the amount of any cash or
other property (other than Capital Stock) distributed by the Company upon such conversion or exchange) and (ii) the aggregate Net Cash Proceeds received by the Company (less any contingent amounts that the Company may be required to refund or
return) upon the conversion or exchange (other than (a) by a Subsidiary of the Company or (b) any conversion of the Convertible Notes) subsequent to August 4, 2004 of any Indebtedness of the Company or its Restricted Subsidiaries
convertible or exchangeable for Capital Stock (other than Disqualified Stock); (F) the amount equal to the net reduction in Investments since August 4, 2004 in Unrestricted Subsidiaries resulting from (i) repayments of loans or
advances or other transfers of assets to the Company or any Restricted Subsidiary from Unrestricted Subsidiaries or (ii) the redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries (valued in each case as provided in the
definition of “Investment”) not to exceed, in the case of any Unrestricted Subsidiary, the amount of Investments previously made by the 

  
 35 

 
Company or any Restricted Subsidiary in such Unrestricted Subsidiary, which amount was treated as a Restricted Payment (and, with respect to clauses (i) and (ii), without duplication of any
amounts included in Consolidated Net Income); and (G) to the extent that any Restricted Investment that was made after August 4, 2004 is sold for cash or otherwise liquidated or repaid for cash, the lesser of (x) the net proceeds of
such sale, liquidation or repayment and (y) the net book value of such Restricted Investment. 
 (b) So long as there is
no Default or Event of Default continuing, the provisions of the foregoing paragraph (a) will not prohibit: (i) any purchase, defeasance or redemption of Capital Stock, Disqualified Stock or Subordinated Indebtedness or Guarantor
Subordinated Indebtedness made by exchange for, or out of the proceeds of the substantially concurrent sale of, the Capital Stock of the Company (other than Disqualified Stock and other than Capital Stock issued or sold to one of the Company’s
Subsidiaries or an employee stock ownership plan or other trust established by the Company or any of its Subsidiaries for the benefit of their employees to the extent the purchase by such plan or trust is financed by Indebtedness by such plan or
trust and for which the Company or any Restricted Subsidiary is the lender or is liable as a guarantor or otherwise); provided, however, that (A) such purchase, defeasance or redemption shall be excluded in subsequent calculations of the
amount of Restricted Payments and (B) the Net Cash Proceeds from such sale of Capital Stock shall be excluded in calculations under clause (3)(C) of Section 3.04(a); (ii) (A) any purchase, defeasance or redemption of
Subordinated Indebtedness or Guarantor Subordinated Indebtedness made by exchange for, or out of the proceeds of the substantially concurrent sale of, Subordinated Indebtedness or (B) any purchase, defeasance, or redemption of Guarantor
Subordinated Indebtedness made by exchange for, or out of the proceeds of the substantially concurrent sale of, Guarantor Subordinated Indebtedness that, in each case, constitutes Refinancing Indebtedness; provided, however, that (A) any
such Subordinated Indebtedness or Guarantor Subordinated Indebtedness is subordinated to the Securities or Subsidiary Guarantee, as the case may be, at least to the same extent as such Indebtedness so purchased or redeemed and (B) such
purchase, defeasance or redemption shall be excluded in subsequent calculations of the amount of Restricted Payments; (iii) the repurchase, redemption or other acquisition or retirement for value of Subordinated Indebtedness or Guarantor
Subordinated Indebtedness pursuant to a “change of control” or “asset sale” covenant set forth in the indenture or other agreement pursuant to which the same is issued and such “change of control” and “asset
sale” covenants are substantially identical in all material respects to the comparable provisions included in the Indenture; provided that such repurchase, redemption or other acquisition or retirement for value shall only be permitted
if all of the terms and conditions in such provisions have been complied with and such repurchases, redemptions or other acquisitions or retirements for value are made in accordance with such indenture or other agreement pursuant to which the same
is issued and provided further that the Company has repurchased all Securities required to be repurchased by the Company pursuant to the terms and conditions described in Section 3.07 or 3.09, as the case may be, prior to
the repurchase, redemption or other acquisition or retirement for value of such Subordinated Indebtedness or Guarantor Subordinated Indebtedness pursuant to the “change of control” or “asset sale” covenant included in such
indenture or other agreement; provided that such repurchase, redemption or other acquisition shall be excluded in subsequent calculations of the amount of Restricted Payments; (iv) dividends paid within 60 days after the date of
declaration thereof if at such date of declaration such dividend would have complied with Section 3.04(a); provided, however, that such dividend shall be included in subsequent

  
 36 

 
calculations of the amount of Restricted Payments; (v) any repurchase of an Equity Interest deemed to occur upon exercise of stock options if such Equity Interests represent a portion of the
exercise price of such options; provided, however, that such repurchases shall be excluded in subsequent calculations of the amount of Restricted Payments; (vi) the declaration and payment of dividends to holders of any class or series
of Disqualified Stock of the Company issued in accordance with the terms of the Indenture to the extent such dividends are included in the definition of “Consolidated Interest Expense”, and (vii) Permitted Employee Payments;
provided, however, that the aggregate amount of Restricted Payments made under this clause (vii) shall not exceed $10.0 million in any Fiscal Year (with any unused amounts in any Fiscal Year carried over to the immediately succeeding
Fiscal Year subject to a maximum of $20.0 million in any Fiscal Year). 
 SECTION 3.05. Limitation on Sale/Leaseback
Transactions. The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale/Leaseback Transaction unless: (1) the Company or such Restricted Subsidiary, as the case may be, receives consideration at
the time of such Sale/Leaseback Transaction at least equal to the fair market value (as evidenced by an Officers’ Certificate signed by members of Senior Management and delivered to the Trustee) of the property subject to such transaction;
(2) the Company or such Restricted Subsidiary could have Incurred Indebtedness in an amount equal to the Attributable Debt in respect of such Sale/Leaseback Transaction pursuant to Section 3.03; (3) the Company or such
Restricted Subsidiary would be permitted to create a Lien on the property subject to such Sale/Leaseback Transaction without securing the Securities pursuant to Section 3.11; and (4) the Sale/Leaseback Transaction is treated as an
Asset Disposition and all of the conditions of the Indenture described in Section 3.07 (including the provisions concerning the application of Net Available Cash) are satisfied with respect to such Sale/Leaseback Transaction, treating
all of the consideration received in such Sale/Leaseback Transaction as Net Available Cash for purposes of such covenant. 

SECTION 3.06. Limitation on Restrictions on Distributions from Restricted Subsidiaries. The Company will not, and will not
permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on
its Capital Stock or pay any Indebtedness or other obligations owed to the Company or any other Restricted Subsidiary (it being understood that the priority of Preferred Stock in receiving dividends or liquidating distributions prior to dividends or
liquidating distributions being paid on Common Stock shall not be deemed a restriction on the ability to make distributions on Capital Stock), (ii) make any loans or advances to the Company or any other Restricted Subsidiary (it being
understood that the subordination of loans or advances made to the Company or any Restricted Subsidiary to other Indebtedness Incurred by the Company or any Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or
advances) or (iii) transfer any of its property or assets to the Company or any other Restricted Subsidiary (it being understood that such transfers shall not include any type of transfer described in clause (i) or (ii) above);
except: (1) any encumbrance or restriction pursuant to an agreement in effect at or entered into on the Issue Date, including pursuant to this Indenture, the Inventory Revolver, the Securitization Facility, the Rabobank Term Loan and the Senior
Secured Notes due 2014; (2) any encumbrance or restriction with respect to a Restricted Subsidiary pursuant to an agreement relating to any Capital Stock of or Indebtedness Incurred by such Restricted Subsidiary prior to 

  
 37 

 
the date on which such Restricted Subsidiary was acquired by the Company or a Restricted Subsidiary (other than Capital Stock issued or Indebtedness Incurred as consideration in, or to provide
all or any portion of the funds or credit support utilized to consummate, the transaction or series of related transactions pursuant to which such Restricted Subsidiary became a Restricted Subsidiary or was acquired by the Company) and outstanding
on such date; (3) any encumbrance or restriction with respect to a Restricted Subsidiary pursuant to an agreement effecting a refinancing, refunding or replacement of Indebtedness Incurred pursuant to an agreement referred to in the preceding
clauses (1) or (2) or this clause (3) or contained in any amendment, restatement, modification, renewal, supplement, rewriting, replacement or refinancing of an agreement referred to in the preceding clauses (1) or (2) or
this clause (3); provided, however, that the encumbrances and restrictions contained in any such agreement are no less favorable to the Holders, taken as a whole, than the original encumbrances and restrictions contained in such agreements;
(4) in the case of clause (iii) of this Section 3.06, any encumbrance or restriction (A) that restricts in a customary manner the subletting, assignment or transfer of any property or asset that is subject to a lease,
license or similar contract, (B) by virtue of any transfer of, agreement to transfer, option or right with respect to, any property or assets of the Company or any Restricted Subsidiary not otherwise prohibited by this Indenture,
(C) contained in security agreements securing Indebtedness of a Restricted Subsidiary to the extent such encumbrance or restrictions restrict the transfer of the property subject to such security agreements or Equity Interests in the owner of
such property or in any Subsidiary of the Company that owns a direct or indirect Equity Interest in such owner and (D) ordinary course provisions restricting the assignability of contracts; (5) any restriction with respect to a Restricted
Subsidiary (or any of its property or assets) imposed pursuant to an agreement entered into for the sale or disposition of Capital Stock or assets of such Restricted Subsidiary (or the property or assets that are subject to such restriction) pending
the closing of such sale or disposition; (6) restrictions created in connection with a Qualified Receivables Transaction that, in the good faith determination of the Board of Directors, are necessary to effect such Qualified Receivables
Transaction; provided that such restrictions apply only to such Receivables Entity; (7) any customary provisions in leases, subleases or licenses and other agreements entered into by the Company or any Restricted Subsidiary in the
ordinary course of business; (8) any encumbrance or restriction pursuant to (x) other Indebtedness or Preferred Stock of a Non-Guarantor Restricted Subsidiary; provided that such encumbrances or restrictions will not materially
affect the Company’s ability to make anticipated principal and interest payments on the Securities (as determined in good faith by the Board of Directors of the Company) or (y) other Indebtedness or Preferred Stock of a Subsidiary
Guarantor, in each case permitted to be Incurred pursuant to the provisions under Section 3.03; and (9) any restriction created by operation of applicable law. 

SECTION 3.07. Limitation on Sales of Assets. (a) The Company will not, and will not permit any Restricted Subsidiary
to, make any Asset Disposition unless (i) the Company or such Restricted Subsidiary, as the case may be, receives consideration (including by way of relief from, or by way of any other Person assuming sole responsibility for, any liabilities,
contingent or otherwise) at least equal to the fair market value (such fair market value to be determined on the date of contractually agreeing to such Asset Disposition) (as determined in good faith by the Company’s management, or if such
Asset Disposition involves consideration in excess of $50.0 million, by a resolution of the Board of Directors set forth in an Officers’ Certificate delivered to the Trustee) of the assets subject to such Asset Disposition; (ii) at least

  
 38 

 
75% of the consideration from such Asset Disposition received by the Company or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents (except such requirement
of cash or Cash Equivalents shall not apply to any property, plant, equipment or other facility closed and designated as unused, idle or obsolete by either Senior Management or by resolution of the Board of Directors, and in either case set forth in
an Officers’ Certificate delivered to the Trustee); and (iii) an amount equal to 100% of the Net Available Cash from such Asset Disposition is applied by the Company (or such Restricted Subsidiary, as the case may be) as follows (it being
understood that actions under clause (B) may occur prior to actions under clause (A)): (A) to the extent the Company or such Restricted Subsidiary elects (or is required by the terms of any Indebtedness), to prepay, repay or purchase
Indebtedness (other than Disqualified Stock, Subordinated Indebtedness and Guarantor Subordinated Indebtedness) (and to correspondingly reduce commitments with respect thereto) within 365 days after the date of such Asset Disposition; (B) to
the extent the Company or such Restricted Subsidiary elects, to reinvest in Additional Assets (including by means of an Investment in Additional Assets by a Restricted Subsidiary with Net Available Cash received by the Company or another Restricted
Subsidiary) within 365 days from the date of such Asset Disposition; provided, that, at the option of the Company, to the extent that the Company or such Restricted Subsidiary has (x) at or before the consummation of an acquisition of
Additional Assets, announced its intention to make an Asset Disposition in connection with such acquisition (an “Announced Asset Disposition”) and (y) consummated such acquisition of Additional Assets during the period six
months prior to the consummation of the Announced Asset Disposition, then the Company or such Restricted Subsidiary may deem the Net Available Cash from such Announced Asset Disposition to be reinvested for purposes of determining compliance with
this clause (B) to the extent of the investment in such Additional Assets; (C) to the extent of the balance of such Net Available Cash after application in accordance with clauses (A) and (B), to make an offer to purchase Securities
and Pari Passu Indebtedness (including, without limitation, the Senior Notes due 2013, the Senior Notes due 2017, the Senior Secured Notes due 2014 and the Rabobank Term Loan) with similar asset sale provisions, pro rata at 100% of the
tendered principal amount thereof (or 100% of the accreted value of such other Pari Passu Indebtedness so tendered, if such Pari Passu Indebtedness was offered at a discount) plus accrued and unpaid interest, if any, thereon to the purchase date;
and (D) to the extent of the balance of such Net Available Cash after application in accordance with clauses (A), (B) and (C) above, to fund (to the extent consistent with any other applicable provision of the Indenture) any corporate
purpose; provided, however, that in connection with any prepayment, repayment or purchase of Indebtedness pursuant to clause (A) or (C) above, the Company or such Restricted Subsidiary will retire such Indebtedness and will cause
the related loan commitment (if any) to be permanently reduced in an amount equal to the principal amount so prepaid, repaid or purchased. Notwithstanding the foregoing provisions of Section 3.07(b), the Company and its Restricted
Subsidiaries shall not be required to apply any Net Available Cash in accordance with this covenant except to the extent that the aggregate Net Available Cash from all Asset Dispositions that is not yet applied in accordance with this
Section 3.07 exceeds $25.0 million. 
 In the case of clause (a)(iii)(B) above, a binding commitment shall be
treated as a permitted application of the Net Available Cash from the date of such commitment; provided that (A) such Net Available Cash is applied to acquire Additional Assets within 540 days of the Asset Disposition and (B) in the
event such binding commitment is later canceled or terminated for any reason before such Net Available Cash is so applied, the Company or such Restricted 

  
 39 

 
Subsidiary may satisfy its obligations as to any Net Available Cash by entering into another binding commitment within 90 days of such cancellation or termination of the prior binding commitment
and applying the Net Available Cash within 180 days of such subsequent binding commitment; provided further that the Company or such Restricted Subsidiary may only enter into such a commitment under the foregoing provision one time with
respect to each Asset Disposition. 
 (b) In the event of an Asset Disposition that requires the purchase of Securities
pursuant to Section 3.07(a)(iii)(C), the Company will be required to apply such Excess Proceeds (as defined below) to the repayment of the Securities and any other Pari Passu Indebtedness (including, without limitation, the Senior Notes
due 2013, the Senior Notes due 2017, the Senior Secured Notes due 2014 and the Rabobank Term Loan) outstanding with similar provisions requiring the Company to make an offer to purchase such Indebtedness with the proceeds from any Asset Disposition
as follows: (A) the Company will make an offer to purchase (an “Offer”) within ten days of such time from all Holders in accordance with the procedures set forth in this Indenture in the maximum principal amount (expressed as a
multiple of $1,000) of Securities that may be purchased out of an amount (the “Note Amount”) equal to the product of such Excess Proceeds multiplied by a fraction, the numerator of which is the outstanding principal amount of the
Securities and the denominator of which is the sum of the outstanding principal amount of the Securities and such Pari Passu Indebtedness and (B) to the extent required by such Pari Passu Indebtedness to permanently reduce the principal amount
of such Pari Passu Indebtedness, the Company will make an offer to purchase or otherwise repurchase or redeem such Pari Passu Indebtedness (a “Pari Passu Offer”) in an amount equal to the excess of the Excess Proceeds over the Note
Amount at a purchase price of 100% of their principal amount plus accrued and unpaid interest (or 100% of the accreted value of such Pari Passu Indebtedness, if such Pari Passu Indebtedness was offered at a discount) to the purchase date in
accordance with the procedures (including prorating in the event of oversubscription) set forth in this Indenture with respect to the Offer and in the documentation governing such Pari Passu Indebtedness with respect to the Pari Passu Offer. If the
aggregate purchase price of the Securities and Pari Passu Indebtedness tendered pursuant to the Offer and Pari Passu Offer is less than the Excess Proceeds, the remaining Excess Proceeds will be available to the Company for use in accordance with
clause (a)(iii)(D) above. The Company shall not be required to make an Offer for Securities pursuant to this Section 3.07 if the Net Available Cash available therefor (after application of the proceeds as provided in clauses (a)(iii)(A)
and (a)(iii)(B) above) (“Excess Proceeds”) is less than $25.0 million (which lesser amounts shall be carried forward for purposes of determining whether an Offer is required with respect to the Net Available Cash from any subsequent
Asset Disposition). 
 (c) For the purposes of this Section 3.07, the following are deemed to be cash: (x) the
assumption of Indebtedness of the Company (other than Disqualified Stock or Subordinated Indebtedness) or Indebtedness of any Restricted Subsidiary (other than Guarantor Subordinated Indebtedness) and the release of the Company or such Restricted
Subsidiary from all liability on such Indebtedness in connection with such Asset Disposition, (y) securities received by the Company or any Restricted Subsidiary from the transferee that are converted within 30 days by the Company or such
Restricted Subsidiary into cash and (z) any Designated Non-Cash Consideration received by the Company or any of the Restricted Subsidiaries in such Asset Disposition having an aggregate fair market value (as determined in good faith by

  
 40 

 
management of the Company, or if such Asset Disposition involves consideration in excess of $50.0 million, by a resolution of the Board of Directors), taken together with all other Designated
Non-Cash Consideration pursuant to this clause (z) that is at that time outstanding, not to exceed 2.5% of Total Assets at the time of the receipt of such Designated Non-Cash Consideration (with the fair market value of each item of Designated
Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value). Upon the completion of the application of the Net Available Cash from any Asset Disposition pursuant to paragraph (b) above,
the amount of Net Available Cash attributable to such Asset Disposition shall be deemed to be zero. 
 (d) (i) Promptly, and in
any event within 10 days after the Company is required to make an Offer, the Company will deliver to the Trustee and send, by first-class mail to each Holder, a written notice stating that the Holder may elect to have his Securities purchased by the
Company either in whole or in part (subject to prorating as hereinafter described in the event the Offer is oversubscribed) in denominations of $2,000, or integral multiples of $1,000 in excess thereof, of principal amount, at the applicable
purchase price. The notice shall specify a purchase date not less than 30 days nor more than 60 days after the date of such notice (the “Purchase Date”). 
 (ii) Not later than the date upon which such written notice of an Offer is delivered to the Trustee and the Holders, the Company will deliver to the Trustee an Officers’ Certificate setting forth
(A) the amount of the Offer (the “Offer Amount”), (B) the allocation of the Net Available Cash from the Asset Dispositions as a result of which such Offer is being made and (C) the compliance of such allocation with the
provisions of Section 3.07(a). Upon the expiration of the period (the “Offer Period”) for which the Offer remains open, the Company shall deliver to the Trustee for cancellation the Securities or portions thereof which have
been properly tendered to and are to be accepted by the Company. The Trustee shall, on the Purchase Date, mail or deliver payment to each tendering Holder in the amount of the purchase price of the Securities tendered by such Holder to the extent
such funds are available to the Trustee. 
 (iii) Holders electing to have a Security purchased will be required to surrender
the Security, with an appropriate form duly completed, to the Company at the address specified in the notice prior to the expiration of the Offer Period. Each Holder will be entitled to withdraw its election if the Trustee or the Company receives,
not later than one Business Day prior to the expiration of the Offer Period, a facsimile transmission or overnight mail from such Holder setting forth the name of such Holder, the principal amount of the Security or Securities which were delivered
for purchase by such Holder and a statement that such Holder is withdrawing his election to have such Security or Securities purchased. If at the expiration of the Offer Period the aggregate principal amount of Securities surrendered by Holders
exceeds the Offer Amount, the Company shall select the Securities to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Company so that only Securities in denominations of $2,000, or integral multiples of
$1,000 in excess thereof, shall be purchased). Holders whose Securities are purchased only in part will be issued new Securities equal in principal amount to the unpurchased portion of the Securities surrendered. 

(d) The Company will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other
securities laws or regulations in connection 

  
 41 

 
with the repurchase of Securities pursuant to this Section 3.07. To the extent that the provisions of any securities laws or regulations conflict with provisions of this
Section 3.07, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 3.07 by virtue of such conflict. 

SECTION 3.08. Limitation on Transactions with Affiliates. (a) The Company will not, and will not permit any Restricted
Subsidiary to, directly or indirectly, enter into or conduct any transaction or series of transactions (including the purchase, sale, lease or exchange of any property or assets or the rendering of any service or the making of any Investment) with
any Affiliate of the Company (an “Affiliate Transaction”) on terms (i) that are less favorable to the Company or such Restricted Subsidiary, as the case may be, than those that could be obtained at the time of such transaction
in arm’s length dealings with a Person who is not an Affiliate and (ii) that, in the event such Affiliate Transaction involves an aggregate amount in excess of $25.0 million, are not in writing and have not been approved or negotiated and
entered into on behalf of the Company or such Restricted Subsidiary by Senior Management acting pursuant to authorizing resolutions adopted by a majority of the members of the Board of Directors or by a majority of the members of the Board of
Directors having no personal stake in such Affiliate Transaction (and such majority or majorities, as the case may be, determines that such Affiliate Transaction satisfies the criteria in (i) above). In addition, any Affiliate Transaction
involving aggregate payments or other transfers by the Company and its Restricted Subsidiaries in excess of $100.0 million will also require an opinion from an independent investment banking firm or appraiser, as appropriate, of national prominence,
to the effect that the terms of such transaction are either (i) no less favorable to the Company or such Restricted Subsidiary, as the case may be, than those that could be obtained at the time of such transaction in arm’s length dealings
with a Person who is not an Affiliate or (ii) fair to the Company or such Restricted Subsidiary, as the case may be, from a financial point of view. 
 (b) The provisions of Section 3.08(a) shall not prohibit (i) any Restricted Payment or Permitted Investment permitted to be paid pursuant to Section 3.04, (ii) the
performance of the Company’s or its Restricted Subsidiary’s obligations under any collective bargaining agreement, employee benefit plan, related trust agreement or any other similar arrangement heretofore or hereafter entered into in the
ordinary course of business, (iii) payment of reasonable fees and compensation to employees, officers or directors as determined in good faith by the Board of Directors or Senior Management (including indemnification to the fullest extent
permitted by applicable law, directors’ and officers’ insurance and similar arrangements, employment contracts, non-competition and confidentiality agreements and similar instruments or payments) and entered into in the ordinary course of
business, (iv) maintenance in the ordinary course of business of reasonable benefit programs or arrangements for employees, officers or directors, including vacation plans, health and life insurance plans, SERPs, split-dollar life insurance
plans, deferred compensation plans, and retirement or savings plans and similar plans as determined in good faith by the Board of Directors or Senior Management, (v) any transaction between the Company and a Wholly-Owned Subsidiary or between
Wholly-Owned Subsidiaries, (vi) transactions effected as part of a Qualified Receivables Transaction, (vii) any issuance by the Company of Capital Stock (other than Disqualified Stock) or other payments, awards or grants in cash,
securities or otherwise pursuant to, or the funding of, employment arrangements, stock options and stock ownership plans to the extent reasonable, as determined in good faith by the Board of Directors in the ordinary course of business, and loans or
advances to 

  
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employees in the ordinary course of business of the Company or its Restricted Subsidiaries consistent with past practices, (viii) transactions with customers, suppliers, or purchasers or
sellers of goods or services, in each case, in the ordinary course of business and otherwise in compliance with the terms of this Indenture which are fair to the Company or the Restricted Subsidiaries or are on terms at least as favorable as might
reasonably have been obtained at such time from an unaffiliated third party, in the reasonable determination of the Board of Directors or Senior Management, and (ix) any agreement as in effect on the Issue Date or any amendment thereto (so long
as any such amendment is not disadvantageous to the Holders in any material respect). 
 SECTION 3.09. Change of
Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s
Securities at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of repurchase (subject to the right of Holders of record on the relevant record date to receive interest due
on the relevant interest payment date) provided, however, that the Company will not be obligated to offer to repurchase any Securities pursuant to this Section 3.09 to the extent that the Company has exercised its right to redeem
Securities pursuant to the terms of Section 2.02. 
 (b) In the event that at the time of such Change of Control
the terms of any Indebtedness restrict or prohibit the repurchase of Securities pursuant to Section 3.09(a), prior to the mailing of the notice to Holders provided for in Section 3.09(c) but in any event within 30 days
following any Change of Control, the Company shall either (i) repay in full all such Indebtedness or offer to repay in full all such Indebtedness and repay the Indebtedness of each lender who has accepted such offer or (ii) obtain the
requisite consent under the agreements governing such Indebtedness to permit the repurchase of the Securities as provided for in Section 3.09(c). The Company will first comply with the preceding sentence of this
Section 3.09(b) before the Company will be required to make the Change of Control Offer or to purchase the Securities pursuant to this Section 3.09; provided, that compliance with this clause (b) will not extend
the time periods set forth in Section 3.09(c) for the Company to make an offer to repurchase the Securities in connection with a Change of Control. 
 (c) Subject to the provisions of Section 3.09(b), within 30 days following any Change of Control, the Company shall mail a notice (the “Change of Control Offer”) to each
Holder with a copy to the Trustee stating: 
  

	 	(i)	that a Change of Control has occurred and that such Holder has the right to require the Company to purchase such Holder’s Securities or portions of such
Holder’s Securities (equal to $2,000 or an integral multiple of $1,000 in excess thereof) at a purchase price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (subject to
the right of Holders of record on a record date to receive interest on the relevant interest payment date); 

  

	 	(ii)	the circumstances and relevant facts and financial information regarding such Change of Control; 

  
 43 

	 	(iii)	the repurchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed) (the “Change of Control Payment
Date”); 

  

	 	(iv)	that any Security not tendered will continue to accrue interest pursuant to its terms; 

 

	 	(v)	that, unless the Company defaults in the payment of the purchase price, any Security accepted for payment pursuant to the Change of Control Offer shall cease to accrue
interest on and after the Change of Control Payment Date; and 

  

	 	(vi)	the instructions determined by the Company, consistent with this Section 3.09, that a Holder must follow in order to have its Securities purchased or to
cancel such order of purchase. 

 (d) Holders electing to have a Security purchased will be required to surrender
the Security, with an appropriate form duly completed, to the Company at the address specified in the notice at least three Business Days prior to the purchase date. Each Holder will be entitled to withdraw its election if the Company receives, not
later than one Business Day prior to the purchase date, a telegram, telex, facsimile transmission or letter from such Holder setting forth the name of such Holder, the principal amount of the Security or Securities which were delivered for purchase
by such Holder and a statement that such Holder is withdrawing his election to have such Security or Securities purchased. 

(e) On or before the Change of Control Payment Date, the Company shall: (i) accept for payment Securities or portions thereof
tendered pursuant to the Change of Control Offer, (ii) deposit with the Paying Agent money sufficient to pay the purchase price of all Securities or portions thereof so accepted and (iii) deliver, or cause to be delivered, to the Trustee,
all Securities or portions thereof so accepted together with an Officers’ Certificate specifying the Securities or portions thereof accepted for payment by the Company. The Paying Agent shall promptly mail, to the Holders of Securities so
accepted, payment in an amount equal to the purchase price, and the Trustee shall promptly authenticate and mail to such Holders a new Security equal in principal amount to any unpurchased portion of the Securities surrendered; provided that
each Security purchased and each new Security issued shall be in a principal amount of $2,000 or integral multiples of $1,000 in excess thereof. 
 (f) The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

(g) If the Change of Control Payment Date is on or after an interest record date and on or before the related interest payment date, any
accrued and unpaid interest, if any, will be paid to the Person in whose name a Security is registered at the close of business on such record date, and no additional interest will be paid to Holders who tender pursuant to the Change of Control
Offer. 
 (h) The Company will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange
Act and any other securities laws or regulations in connection 

  
 44 

 
with the repurchase of Securities pursuant to this Section 3.09. To the extent that the provisions of any securities laws or regulations conflict with provisions of this
Section 3.09, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Indenture by virtue thereof. 

(i) The Company will not be required to make a Change of Control Offer upon a Change of Control if a third party makes the Change of
Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases all the Securities validly tendered and not withdrawn
pursuant to such Change of Control Offer. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control and conditional upon such Change of Control if a definitive agreement is in place with
respect to the event constituting the Change of Control at the time of the Change of Control Offer. 
 SECTION
3.10. Reserved. 
 SECTION 3.11. Limitation on Liens. (a) The Company will not, and will not permit any
of its Restricted Subsidiaries to, directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) that secures obligations under any Indebtedness on any asset or property of the Company or such Restricted
Subsidiary, including any Guarantee of such Restricted Subsidiary, or any income or profits therefrom, or assign or convey any right to receive income therefrom, unless the Securities are equally and ratably secured with the obligations so secured
(or senior to, in the event the Lien relates to Subordinated Indebtedness) or until such time as such obligations are no longer secured by a Lien. 
 (b) Notwithstanding the foregoing, Liens on assets transferred to a Receivables Entity or on assets of a Receivables Entity incurred in connection with a Qualified Receivables Transaction will not require
such equal and ratable security. 
 SECTION 3.12. Limitation on Issuances of Guarantees of Indebtedness by Restricted
Subsidiaries. (a) The Company will not permit any Restricted Subsidiary to Guarantee the payment of any Indebtedness of the Company or any Indebtedness of any other Restricted Subsidiary unless (i) such Restricted Subsidiary
simultaneously executes and delivers a supplemental indenture (in the form of Exhibit B) to the Indenture providing for a Subsidiary Guarantee by such Restricted Subsidiary except that with respect to a guarantee of Indebtedness of the Company if
such Indebtedness is by its express terms subordinated in right of payment to the Securities, any such Guarantee of such Restricted Subsidiary with respect to such Indebtedness shall be subordinated in right of payment to such Restricted
Subsidiary’s Subsidiary Guarantee with respect to the Securities substantially to the same extent as such Indebtedness is subordinated to the Securities; (ii) such Restricted Subsidiary waives and will not in any manner whatsoever claim or
take the benefit or advantage of, any rights of reimbursement, indemnity or subrogation or any other rights against the Company or any other Restricted Subsidiary as a result of any payment by such Restricted Subsidiary under its Subsidiary
Guarantee; and (iii) such Restricted Subsidiary shall deliver to the Trustee an Opinion of Counsel to the effect that (A) such Subsidiary Guarantee has been duly executed and authorized and (B) such Subsidiary Guarantee constitutes a
valid, binding and enforceable obligation of such Restricted Subsidiary, except insofar as enforcement thereof may be limited 

  
 45 

 
by bankruptcy, insolvency or similar laws (including, without limitation, all laws relating to fraudulent transfers) and except insofar as enforcement thereof is subject to general principles of
equity; provided that this paragraph (a) shall not become applicable to any Guarantee of any Restricted Subsidiary (x) that (A) existed at the time such Person became a Restricted Subsidiary of the Company and (B) was not
Incurred in connection with, or in contemplation of, such Person becoming a Restricted Subsidiary of the Company or (y) that Guarantees the payment of obligations of the Company or any Restricted Subsidiary for Indebtedness having a maturity of
less than 365 days or Indebtedness Incurred under clause (b)(i) or (b)(ix) of Section 3.03 or Indebtedness that is secured by a Lien Incurred exclusively under clause (18) of the definition of “Permitted Liens”;
provided further that such Indebtedness incurred under this clause (y) (1) does not constitute Subordinated Indebtedness or (2) is not incurred pursuant to a registered offering of securities under the Securities Act or a
private placement of securities (including under Rule 144A) pursuant to an exemption from the registration requirements of the Securities Act, which private placement provides for registration rights under the Securities Act. 

(b) Notwithstanding the foregoing and the other provisions of the Indenture, any Subsidiary Guarantee by a Restricted Subsidiary shall
provide by its terms that it shall be automatically and unconditionally released and discharged upon (i) any sale, exchange or transfer (whether by way of merger, consolidation or otherwise) in accordance with Section 3.07, to any
Person that is not an Affiliate of the Company, of all of the Company’s Capital Stock in, or all or substantially all the assets of, such Restricted Subsidiary (which sale, exchange or transfer is not prohibited by the terms of this Indenture),
(ii) the release or discharge of the guarantee which resulted in the creation of such Subsidiary Guarantee, except a discharge or release as a result of payment under such guarantee or (iii) such Restricted Subsidiary is designated an
Unrestricted Subsidiary of the Company in accordance with the terms of this Indenture by the Company’s Board of Directors. 
 SECTION 3.13. Reserved. 
 SECTION 3.14. Effectiveness of
Covenants. The covenants described in Sections 3.02, 3.03, 3.04, 3.06, 3.07, 3.08 and 3.12 will no longer be in effect upon the Company’s reaching Investment Grade Status. 

SECTION 3.15. Corporate Existence. Subject to Article IV, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence and that of each Restricted Subsidiary and the corporate rights (charter and statutory) licenses and franchises of the Company and each Restricted Subsidiary; provided,
however, that the Company shall not be required to preserve any such existence (except the Company), right, license or franchise if the Board of Directors of the Company shall determine that the preservation thereof is no longer desirable in the
conduct of the business of the Company and each of its Restricted Subsidiaries, taken as a whole, and that the loss thereof is not, and will not be, disadvantageous in any material respect to the Holders. 

SECTION 3.16. Payment of Taxes and Other Claims. The Company will pay or discharge or cause to be paid or discharged, before
the same shall become delinquent, (i) all material taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary and (ii) all
lawful claims for labor, materials and supplies, which, if unpaid, might by law become a material liability or lien upon the property of the Company or any Restricted Subsidiary; 

  
 46 

 
provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or
validity is being contested in good faith by appropriate proceedings and for which appropriate reserves, if necessary (in the good faith judgment of management of the Company) are being maintained in accordance with GAAP. 

SECTION 3.17. Maintenance of Properties. The Company will cause all material properties owned by the Company or any
Restricted Subsidiary or used or held for use in the conduct of its business or the business of any Restricted Subsidiary to be maintained and kept in normal condition, repair and working order and will cause to be made all necessary repairs,
renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly conducted at all times; provided, however, that
nothing in this Section shall prevent the Company or any of its Restricted Subsidiaries from discontinuing the maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business
or the business of any Restricted Subsidiary and not adverse in any material respect to the Holders. 
 SECTION
3.18. Insurance. To the extent available at commercially reasonable rates, the Company will maintain, and will cause its Restricted Subsidiaries to maintain, insurance with responsible carriers against such risks and in such amounts, and
with such deductibles, retentions, self-insured amounts and co-insurance provisions, as are customarily carried by similar businesses, of similar size in their country of organization, including professional and general liability, property and
casualty loss, workers’ compensation and interruption of business insurance. In the event the Company determines that insurance satisfying the first sentence of this Section 3.18 is not available at commercially reasonable rates, it
shall provide an Officers’ Certificate to such effect to the Trustee and the Trustee may conclusively rely on the determinations set forth therein. 
 SECTION 3.19. Compliance with Laws. The Company shall comply, and shall cause each of its Restricted Subsidiaries to comply, with all applicable statutes, rules, regulations, orders and
restrictions of the United States of America, all states and municipalities thereof, and of any U.S. governmental regulatory authority, in respect of the conduct of their respective businesses and the ownership of their respective properties, except
for such non-compliances as would not in the aggregate have a material adverse effect on the financial condition or results of operations of the Company and its Restricted Subsidiaries, taken as a whole. 

SECTION 3.20. Additional Covenants. The Company will be subject to the covenants set forth in Sections 1001,
1002, 1003, 1004 and 1006 of the Original Indenture in addition to the covenants set forth in this Third Supplemental Indenture. 
 SECTION 3.21. Inapplicability. Articles XII, XIII and XIV of the Original Indenture shall be inapplicable to the Securities. 

  
 47 

 ARTICLE IV 
 SUCCESSOR COMPANY 
 SECTION 4.01. When Company May Merge or Otherwise
Dispose of Assets. The Company will not, in a single transaction or series of related transactions, consolidate with or merge with or into, or convey, transfer, lease or otherwise dispose of all or substantially all its assets to, any Person nor
permit any Person to merge with or into the Company, unless: 
 (1) the resulting, surviving or
transferee Person (the “Successor Company”) will be a Person organized and existing under the laws of the United States of America, any State thereof or the District of Columbia and the Successor Company (if not the Company) will
expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, all the obligations of the Company under the Securities and the Indenture; 

(2) immediately before and after giving effect to such transaction (and treating any Indebtedness which becomes an
obligation of the Successor Company or any Restricted Subsidiary as a result of such transaction as having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction), no Default or Event of Default will
have occurred and be continuing; 
 (3) immediately after giving effect to such transaction, either
(x) the Successor Company would be able to Incur an additional $1.00 of Indebtedness under paragraph (a) of Section 3.03 or (y) the Consolidated Coverage Ratio for the Successor Company and its Restricted Subsidiaries
would be equal to or greater than immediately prior to such transaction; 
 (4) each Subsidiary Guarantor
(unless it is the other party to the transactions above, in which case clause (i) shall apply) shall have by supplemental indenture confirmed that its Subsidiary Guarantee shall apply to such Person’s obligations in respect of the
Indenture and the Securities; and 
 (5) the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Indenture. 
 For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise, in a single transaction or series of transactions) of all or substantially all of the properties and assets of one or
more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be
the transfer of all or substantially all of the properties and assets of the Company. 
 The Successor Company shall succeed
to, and be substituted for, and may exercise every right and power of, the Company under this Indenture, but the predecessor Company in the case of a lease of all or substantially all its assets will not be released from the

  
 48 

 
obligation to pay the principal of and interest on the Securities. Solely for the purpose of computing amounts described in clause (3)(B), (C) and (E) of Section 3.04(a),
the Successor Company shall only be deemed to have succeeded and be substituted for the Company with respect to periods subsequent to the effective time of such merger, consolidation, combination or transfer of assets. 

Notwithstanding clauses (2) and (3) of the first sentence of this Section 4.01: (1) any Non-Guarantor
Restricted Subsidiary may consolidate with, merge into or transfer all or part of its properties and assets to the Company and (2) the Company may merge with an Affiliate incorporated solely for the purpose of reincorporating the Company in
another jurisdiction to realize tax or other benefits. 
 The Company shall be subject to this Section 4.01 in lieu
of Article VIII of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION
4.02. When a Subsidiary Guarantor May Merge or Otherwise Dispose of Assets. Subject to Section 3.12(b), the Company will not permit any Subsidiary Guarantor, if any, to, in a single transaction or series of related
transactions, consolidate with or merge with or into, or convey, transfer, lease or otherwise dispose of all or substantially all its assets to, any Person nor permit any Person to merge with or into such Subsidiary Guarantor, unless: 

(A) the transaction is made in compliance with the covenant described in Section 3.07; or 

(B) (1) the resulting, surviving or transferee Person (the “Successor Guarantor”) will be a Person organized and
existing under the laws of the United States of America, any State thereof or the District of Columbia and the Successor Guarantor (if not the Subsidiary Guarantor) will expressly assume in writing all the obligations of such Subsidiary Guarantor
under such Subsidiary Guarantor’s respective Subsidiary Guarantee and this Indenture; 
 (2) immediately
before and after giving effect to such transaction (and treating any Indebtedness which becomes an obligation of the Successor Guarantor or any Restricted Subsidiary as a result of such transaction as having been Incurred by the Successor Guarantor
or such Restricted Subsidiary at the time of such transaction), no Default or Event of Default will have occurred and be continuing; 
 (3) immediately after giving effect to such transaction, either (x) the Company would be able to Incur an additional $1.00 of Indebtedness under paragraph (a) of Section 3.03 or
(y) the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries would be equal to or greater than immediately prior to such transaction; 

(4) each other Subsidiary Guarantor shall have delivered a written instrument in form and substance satisfactory to the
Trustee confirming its Subsidiary Guarantee in respect of the Indenture and the Securities; and 

  
 49 

 (5) the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such assumption of the Subsidiary Guarantee, if applicable, comply with this Indenture. 

For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise, in a single transaction or series of transactions)
of all or substantially all of the properties and assets of one or more Subsidiaries of such Subsidiary Guarantor, which properties and assets if held by such Subsidiary Guarantor instead of its Subsidiaries, would constitute all or substantially
all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties and assets of such Subsidiary Guarantor. 

The Successor Guarantor shall succeed to, and be substituted for, and may exercise every right and power of, the Subsidiary Guarantor
under this Indenture and the relevant Subsidiary Guarantee, but the predecessor Subsidiary Guarantor in the case of a lease of all or substantially all its assets will not be released from its obligation under its Subsidiary Guarantee. Solely for
the purpose of computing amounts described in clause (3)(B), (C) and (E) of Section 3.04(a), the Successor Guarantor shall only be deemed to have succeeded and be substituted for the predecessor Subsidiary Guarantor with
respect to periods subsequent to the effective time of such merger, consolidation, combination or transfer of assets. 

Notwithstanding clauses (2) and (3) of this Section 4.02(B), any Subsidiary Guarantor may consolidate with, merge
into or transfer all or part of its properties and assets to the Company or another Subsidiary Guarantor. 
 ARTICLE V

 DEFAULTS AND REMEDIES 
 SECTION 5.01. Events of Default. An “Event of Default” occurs if: 
 (1) the Company defaults in any payment of interest on any Security when the same becomes due and payable, and such default continues for a period of 30 days; 

(2) the Company defaults in the payment of the principal of or premium, if any, on any Security when the same becomes
due and payable at its Stated Maturity, upon redemption, required repurchase, upon declaration or otherwise; 

(3) the Company or any Subsidiary Guarantor fails to comply with Article IV of this Supplemental Indenture;

 (4) the Company fails to comply with Section 3.02, 3.03, 3.04, 3.05,
3.06, 3.07, 3.08, 3.09, 3.11, or 3.12 (in each case other than a failure to repurchase Securities when required pursuant to Section 3.07 or 3.09, which failure shall constitute an Event of
Default under Section 5.01(2)) and such failure continues for 30 days after the notice specified below; 

  
 50 

 (5) the Company defaults in the performance of or a breach by the
Company of any other covenant or agreement in this Third Supplemental Indenture, the Original Indenture or under the Securities (other than those referred to in (1), (2), (3) or (4) above) and such default continues for 60 consecutive days
after the notice specified below; 
 (6) the failure by any Subsidiary Guarantor that is a Significant
Subsidiary (if any) to comply with its obligations under any Subsidiary Guarantee to which such Subsidiary Guarantor is a party, after any applicable grace period; 

(7) Indebtedness of the Company or any Significant Subsidiary is not paid within any applicable grace period after
final maturity or is accelerated by the holders thereof and the total amount of such unpaid or accelerated Indebtedness exceeds $50.0 million or its foreign currency equivalent at the time; 

(8) the Company or a Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law (as defined
below): 
 (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 (as defined below) of it or for any substantial part of its property; or

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

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

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

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

(B) appoints a Custodian of the Company or any Significant Subsidiary or for any substantial part of its property; or

 (C) orders the winding up or liquidation of the Company or any Significant Subsidiary; 

or any similar relief is granted under any foreign laws and the order, decree or relief remains unstayed and in effect for 60 days;

 (10) any judgment or decree for the payment of money in excess of $50.0 million or its foreign currency
equivalent at the time in the aggregate for all such final judgments or orders against the Company or a Significant Subsidiary if (A) an enforcement proceeding thereon is commenced and not discharged within ten days or (B) such judgment or
decree remains outstanding for a period of 60 days following such judgment or decree and is not discharged, waived, stayed or bonded; or 

  
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 (11) the failure of any Subsidiary Guarantee by a Subsidiary Guarantor
(if any) which is a Significant Subsidiary to be in full force and effect (except as contemplated by the terms thereof) or the denial or disaffirmation by any such Subsidiary Guarantor of its obligations under any Subsidiary Guarantee if such
Default continues for 30 days. 
 The foregoing will constitute Events of Default whatever the reason for any such Event of
Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief
of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 
 Notwithstanding the foregoing, a Default under clause (4) or (5) of this Section 5.01 will not constitute an Event of Default until the Trustee or the Holders of at least 25% in
principal amount of the outstanding Securities notify the Company of the Default and the Company does not cure such Default within the time specified in said clause (4) or (5) after receipt of such notice. Such notice must specify the
Default, demand that it be remedied and state that such notice is a “Notice of Default”. 
 The Company shall deliver
to the Trustee, within 30 days after the occurrence thereof, written notice in the form of an Officers’ Certificate of any Event of Default under clauses (1), (2), (3), (4), (5), (6), (7), (10) or (11) of this
Section 5.01. 
 This Section 5.01 shall be applicable with respect to the Securities in lieu of
Section 501 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION
5.02. Acceleration. If an Event of Default (other than an Event of Default specified in Section 5.01(8) or (9) with respect to the Company or a Significant Subsidiary) occurs and is continuing, the Trustee by
notice to the Company, or the Holders of at least 25% in aggregate outstanding principal amount of the Securities by notice to the Company and the Trustee, may, and the Trustee at the request of such Holders shall, declare the principal of, premium,
if any, and accrued but unpaid interest on all the Securities to be due and payable. Upon such a declaration, such principal, premium and interest shall, subject to Section 7.03, be immediately due and payable. In the event of a
declaration of acceleration because an Event of Default set forth in Section 5.01(7) above has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default or payment
default triggering such Event of Default pursuant to Section 5.01(7) shall be remedied or cured by the Company and/or the relevant Significant Subsidiaries or waived by the holders of the relevant Indebtedness within 60 days after the
declaration of acceleration with respect thereto. If an Event of Default specified in Section 5.01(8) or (9) with respect to the Company or a Significant Subsidiary occurs and is continuing, the principal of, premium, if any,
and interest on all the Securities will become and be immediately due and payable without any declaration or 

  
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other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the outstanding Securities may waive all past defaults (except with respect to nonpayment of
principal, premium or interest) and rescind any such acceleration with respect to the Securities and its consequences if (i) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (ii) all
existing Events of Default, other than the nonpayment of principal of, premium, if any, or interest on the Securities that has become due solely because of such acceleration, have been cured or waived. No such rescission shall affect any subsequent
Default or Event of Default or impair any right consequent thereto. 
 This Section 5.02 shall be applicable with
respect to the Securities in lieu of Section 502 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION 5.03. Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of (or premium, if any) or
interest on the Securities or to enforce the performance of any provision of the Securities or this Indenture. 
 The Trustee
may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder 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. No remedy is exclusive of any other remedy. All available remedies are cumulative. 

This Section 5.03 shall be applicable with respect to the Securities in lieu of the applicable provisions of Sections
505, 510 and 511 of the Original Indenture (which shall be of no force and effect for the Securities). 

SECTION 5.04. Waiver of Past Defaults. The Holders of a majority in principal amount of the Securities by notice to the
Trustee may waive an existing Default or Event of Default and its consequences except (i) a Default or Event of Default in the payment of the principal of or interest on a Security or (ii) a Default or Event of Default in respect of a
provision that under Section 7.02 cannot be amended without the consent of each Holder affected. When a Default or Event of Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or
Event of Default or impair any consequent right. This Section 5.04 shall be applicable with respect to the Securities in lieu of the applicable provisions of Section 513 of the Original Indenture (which shall be of no force
and effect for the Securities). 
 SECTION 5.05. Limitation on Suits. A Holder may not pursue any remedy with
respect to this Indenture or the Securities unless: 
 (1) the Holder gives to the Trustee written
notice stating that an Event of Default is continuing; 
 (2) the Holders of at least 25% in outstanding
principal amount of the Securities make a written request to the Trustee to pursue the remedy; 
 (3) such
Holder or Holders offer the Trustee reasonable security or indemnity against any loss, liability or expense; 

  
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 (4) the Trustee does not comply with the request within 60 days after
receipt of the request and the offer of security or indemnity; and 
 (5) the Holders of a majority in
principal amount of the outstanding Securities do not give the Trustee a direction inconsistent with the request during such 60-day period. 
 A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 

This Section 5.05 shall be applicable with respect to the Securities in lieu of Section 507 of the Original
Indenture (which shall be of no force and effect for the Securities). 
 SECTION 5.06. Rights of Holders to Receive
Payment. Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of, premium (if any) or interest on the Securities held by such Holder, on or after the respective due dates expressed in the
Securities, 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. This Section 5.06 shall be applicable with respect to the
Securities in lieu of Section 508 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION 5.07. Collection Suit by Trustee. If an Event of Default specified in Section 5.01(1) or (2) occurs and is continuing, the Trustee may recover judgment in its
own name and as trustee of an express trust against the Company for the whole amount then due and owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in Section 607 of the Original
Indenture. This Section 5.07 shall be applicable with respect to the Securities in lieu of Section 503 of the Original Indenture (which shall be of no force and effect for the Securities). 

SECTION 5.08. Trustee May File Proofs of Claim. The Trustee may 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 the Holders allowed in any judicial proceedings relative to the Company, its Subsidiaries or their respective creditors or properties and, unless prohibited by law or
applicable regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make payments
to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and its counsel, and any other amounts due the Trustee under Section 607 of the Original Indenture. 

SECTION 5.09. Priorities. If the Trustee collects any money or property pursuant to this Article V, it shall pay out
the money or property in the following order: 
 FIRST: to the Trustee for amounts due under
Section 607 of the Original Indenture; 

  
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 SECOND: to Holders for amounts due and unpaid on the Securities for
principal and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Securities for principal and interest, respectively; and 

THIRD: to the Company. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section. At least 15 days before such record date, the Company shall mail to each Holder and the Trustee a
notice that states the record date, the payment date and amount to be paid. 
 This Section 5.09 shall be
applicable with respect to the Securities in lieu of Section 506 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION 5.10. 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
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees 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 does not apply to a suit by the Trustee, a suit by the Company, a suit by a Holder
pursuant to Section 5.06 or a suit by Holders of more than 10% in outstanding principal amount of the Securities. This Section 5.10 shall be applicable with respect to the Securities in lieu of Section 515 of the
Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION 5.11. Control by Holders of
Securities. The Holders of a majority in principal amount of the Securities then outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred
on the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or the Securities or, subject to Sections 601 and 602 of the Original Indenture, that the Trustee determines is unduly
prejudicial to the rights of other Holders or would involve the Trustee in personal liability; provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Prior to
taking any action under this Indenture, the Trustee shall be entitled to indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action. This Section 5.11 shall be
applicable with respect to the Securities in lieu of Section 512 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION 5.12. Notices of Default; Compliance Certificate. If a Default occurs and is continuing and is known to the Trustee, the Trustee must mail to each Holder notice of the Default within
90 days after it occurs unless the Default has been previously cured. In addition, except in the case of a Default in the payment of principal of, premium, if any, or interest on any Security, the Trustee shall be protected in withholding notice if
and so long as a committee of trust officers of the Trustee in good faith determines that withholding notice is in the interests of the Holders. In addition, the Company is required to deliver to the Trustee, within 120 days after the end of each
fiscal year, an Officers’ Certificate indicating whether the signers thereof know 

  
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of any Default that occurred during the previous year. The Company also is required to deliver to the Trustee, within 30 days after the occurrence thereof, written notice and a description of any
event which would constitute a Default, their status and what action the Company is taking or proposes to take in respect thereof. This Section 5.12 shall be applicable with respect to the Securities in lieu of Sections 603 of the
Original Indenture (which shall be of no force and effect for the Securities). 
 ARTICLE VI 

DEFEASANCE AND COVENANT DEFEASANCE 
 SECTION 6.01. Discharge of Liability on Securities; Defeasance. (a) When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant
to Section 306 of the Original Indenture) for cancellation or (ii) all outstanding Securities not theretofore delivered for cancellation have become due and payable within one year or are to be called for redemption within one year
under arrangements satisfactory to the Trustee for the giving of notice of redemption pursuant to Article II hereof and the Company irrevocably deposits or causes to be deposited with the Trustee as trust funds in trust solely for the benefit of the
Holders money in U.S. dollars, non-callable U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient without consideration of any reinvestment of interest to pay and discharge the entire indebtedness on such
Securities not theretofore delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to the date of maturity and the Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the
deposited money toward the payment of such Securities at maturity, and the Company pays all other sums payable hereunder by the Company, then this Indenture shall, subject to Section 6.01(c), cease to be of further effect. The Trustee
shall acknowledge satisfaction and discharge of this Indenture on demand of the Company (accompanied by an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent specified herein relating to the satisfaction and
discharge of this Indenture have been complied with) and at the cost and expense of the Company. 
 (b) Subject to Sections
6.01(c) and 6.02, the Company at its option and at any time may terminate (i) all the obligations of the Company and any Subsidiary Guarantor under the outstanding Securities and this Indenture (“legal defeasance
option”) or (ii) the obligations of the Company and any Subsidiary Guarantor under Sections 3.02, 3.03, 3.04, 3.05, 3.06, 3.07, 3.08, 3.09, 3.11, 3.12,
4.01(3), 4.01(5), 4.02(B)(3) and 4.02(B)(5) and the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant or provision, whether directly
or indirectly, by reason of any reference elsewhere herein to any such covenant or provision 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 with such covenants or
provisions shall no longer constitute a Default or an Event of Default under Section 5.01(3) and 5.01(4) (“covenant defeasance option”), but except as specified above, the remainder of this Indenture and the
Securities shall be unaffected thereby. The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. 

  
 56 

 If the Company exercises its legal defeasance option, payment of the Securities may not be
accelerated because of an Event of Default. If the Company exercises its covenant defeasance option, payment of the Securities may not be accelerated because of an Event of Default specified in Sections 5.01(4), 5.01(5),
5.01(6), 5.01(7), 5.01(8) (but only with respect to a Significant Subsidiary), 5.01(9) (but only with respect to a Significant Subsidiary), 5.01(10) and 5.01(11) or because of the failure of the Company to
comply with Sections 4.01(3), 4.01(5), 4.02(B)(3) and 4.02(B)(5). 
 Upon satisfaction of the
conditions set forth herein and upon request of the Company, the Trustee shall acknowledge in writing the discharge of those obligations that the Company terminates. 
 (c) Notwithstanding the provisions of Sections 8.1(a) and (b), the Company’s obligations in Sections 5.06, 5.07, 6.04, 6.05 and 6.06 and Sections
303, 305, and 306 of the Original Indenture shall survive until the Securities have been paid in full. Thereafter, the Company’s obligations in Sections 5.06, 6.04 and 6.05 of this Third Supplemental
Indenture and Section 508 of the Original Indenture shall survive. 
 This Section 6.01 shall be
applicable with respect to the Securities in lieu of Sections 401 and 402 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION 6.02. Conditions to Defeasance. The Company may exercise its legal defeasance option or its covenant defeasance option only if: 

(1) the Company irrevocably deposits in trust with the Trustee for the benefit of the Holders money in U.S. dollars
or non-callable U.S. Government Obligations or a combination thereof the principal of and interest (without reinvestment) on which will be sufficient, or a combination thereof sufficient in the opinion of a nationally recognized firm of independent
public accountants, for the payment of principal of, premium, if any, and interest on the Securities on the stated date for payment thereof or on the applicable redemption date, as the case may be; 

(2) 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 with respect to the Indenture resulting from the incurrence of Indebtedness, all or a portion of which will be used to defease the Securities concurrently with such incurrence); 

(3) such legal defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a
Default under this Indenture or any other material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound (other than a Default or Event of Default with respect
to this Indenture resulting from the incurrence of Indebtedness, all or a portion of which will be used to defease the Securities concurrently with such incurrence); 

  
 57 

 (4) the Company shall have delivered to the Trustee an Opinion of
Counsel to the effect that (A) the Securities and (B) assuming no intervening bankruptcy of the Company between the date of deposit and the 91st day following the deposit and that no Holder of the Securities is an insider of the Company,
after the 91st day following the deposit, the trust funds will not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ right generally; 

(5) the Company delivers to the Trustee an Opinion of Counsel to the effect that the trust resulting from the deposit
does not constitute, or is qualified as, a regulated investment company under the Investment Company Act of 1940; 
 (6) in the case of the legal defeasance option, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States stating that (i) the Company has received from, or
there has been published by, the Internal Revenue Service a ruling, or (ii) 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 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; 
 (7) in the case of the
covenant defeasance option, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States to the effect that the Holders 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; and 

(8) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
all conditions precedent to the defeasance and discharge of the Securities and this Indenture as contemplated by this Article VI have been complied with. 
 SECTION 6.03. Application of Trust Money. The Trustee shall hold in trust money or U.S. Government Obligations deposited with it pursuant to this Article VIII. It shall apply the
deposited money and the money from U.S. Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Securities. 

SECTION 6.04. Repayment to Company. Anything herein to the contrary notwithstanding, the Trustee shall deliver or pay to the
Company from time to time upon Company Order any money or U.S. Government Obligations held by it as provided in this Article VI which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect legal defeasance or covenant defeasance, as applicable, provided that the Trustee shall not be required to
liquidate any U.S. Government Obligations in order to comply with the provisions of this paragraph. 

  
 58 

 Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall
pay to the Company upon written request any money held by them for the payment of principal of or interest on the Securities that remains unclaimed for two years, and, thereafter, Holders entitled to the money must look to the Company for payment as
general creditors. 
 SECTION 6.05. Indemnity for U.S. Government Obligations. The Company shall pay and shall
indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations. 

SECTION 6.06. Reinstatement. If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in
accordance with this Article VI by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations of the Company
under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to this Article VI until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S. Government
Obligations in accordance with this Article VI; provided, however, that, if the Company has made any payment of interest on or principal of any Securities because of the reinstatement of its obligations, the Company shall be subrogated
to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent. This Section 6.06 shall be applicable with respect to the Securities in lieu of
Section 405 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION
6.07. Replacement of Original Indenture. This Article VI shall be applicable with respect to the Securities in lieu of Article IV of the Original Indenture (which shall be of no force or effect for the Securities). 

ARTICLE VII 

AMENDMENT AND WAIVER 
 SECTION 7.01. Without Consent of Holders. The Company and the Trustee may amend or supplement this Indenture, the Securities and the Subsidiary Guarantees without notice to or consent of any
Holder: 
 (1) to cure any ambiguity, omission, defect or inconsistency; 

(2) to comply with Article IV of this Third Supplemental Indenture in respect of the assumption by a Successor
Company of an obligation of the Company or any Subsidiary Guarantor under this Indenture, the Securities and the Subsidiary Guarantees; 
 (3) to provide for uncertificated Securities in addition to or in place of certificated Securities; provided, however, that the uncertificated Securities are issued in registered form for purposes
of Section 163(f) of the Code or in a manner such that the uncertificated Securities are described in Section 163(f)(2)(B) of the Code; 

  
 59 

 (4) to add Guarantees with respect to the Securities, to secure the
Securities or to release a Subsidiary Guarantor in accordance with the applicable provisions of this Indenture; 

(5) to add to the covenants of the Company for the benefit of the Holders or to surrender any right or power herein
conferred upon the Company; 
 (6) to comply with any requirements of the SEC in connection with qualifying this
Indenture under the TIA; or 
 (7) to make any change that does not adversely affect the rights of any Holder.

 After an amendment under this Section becomes effective, the Company shall mail to Holders a notice briefly
describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section 7.01. 

This Section 7.01 shall be applicable with respect to the Securities in lieu of Section 901 of the Original
Indenture (which shall be of no force and effect for the Securities). 
 SECTION 7.02. With Consent of Holders. The
Company and the Trustee may amend or supplement this Indenture, the Securities and the Subsidiary Guarantees without notice to any Holder but with the written consent of the Holders of at least a majority in principal amount of the Securities then
outstanding. However, without the consent of each Holder affected, an amendment may not: 
 (1) reduce the
principal amount of Securities whose Holders must consent to an amendment; 
 (2) reduce the rate of or
extend the time for payment of interest on any Security; 
 (3) reduce the principal of or extend the Stated
Maturity of any Security; 
 (4) reduce the premium payable upon the redemption or repurchase of any
Security or change the time at which any Security may be redeemed or repurchased in accordance with Section 3.07, Section 3.09 or Article II; 

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

(6) impair the right of any Holder to receive payment of principal of and interest on such Holder’s Securities
on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Securities; 
 (7) release any Subsidiary Guarantor, if any, from any of its obligations under its Subsidiary Guarantee or this Indenture, except in compliance with the terms thereof; 

(8) modify the Subsidiary Guarantees in any manner, taken as a whole, materially adverse to the Holders; or

  
 60 

 (9) make any change in the amendment provisions which require each
Holder’s consent or in the waiver provisions. 
 It shall not be necessary for the consent of the Holders under this
Section to approve the particular form of any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment under this Section becomes effective, the Company shall mail to Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect
therein, shall not impair or affect the validity of an amendment under this Section. 
 This Section 7.02 shall be
applicable with respect to the Securities in lieu of Section 902 of the Original Indenture (which shall be of no force and effect for the Securities). 
 SECTION 7.03. Revocation and Effects of Consents and Waivers. A consent to an amendment or a waiver by a Holder of a Security shall bind the Holder and every subsequent Holder of that Security
or portion of the Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent or waiver is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent or waiver
as to such Holder’s Security or portion of the Security if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. After an amendment or waiver becomes effective, it shall bind every Holder. An
amendment or waiver made pursuant to Section 7.02 shall become effective upon receipt by the Trustee of the requisite number of written consents. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action described above or required or
permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons,
shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders after such record date. No such consent shall become valid or effective more than 120
days after such record date. 
 SECTION 7.04. Payment for Consent. Neither the Company nor any of its Restricted
Subsidiaries will, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fees or otherwise, to any Holder of any Securities for or as an inducement to any consent, waiver or amendment of any of the terms or
provisions of this Indenture or the Securities unless such consideration is offered to be paid or is paid to all Holders of the Securities that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to
such consent, waiver or amendment. 

  
 61 

 ARTICLE VIII 
 MISCELLANEOUS 
 SECTION 8.01. No Personal Liability of Directors,
Officers, Employees and Stockholders. No past, present or future director, officer, employee, incorporator or stockholder of the Company or the Subsidiary Guarantors, if any, as such, shall have any liability for any obligations of the Company
under the Securities, this Indenture or the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver
and release are part of the consideration for issuance of the Securities. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy.

 SECTION 8.02. Priority of Third Supplemental Indenture. In the event any conflict arises between the terms of
the Original Indenture and the terms of this Third Supplemental Indenture, the terms of this Third Supplemental Indenture shall be controlling and supersede such conflicting terms of the Original Indenture. Unless otherwise specifically modified or
amended hereby, the terms of the Original Indenture shall remain in full force and effect with respect to the Securities. 

SECTION 8.03. Governing Law. This Indenture and the Securities will be governed by, and construed in accordance with, the
laws of the State of New York. 
 SECTION 8.04. Appointment of Security Registrar and Paying Agent. The Trustee
will initially act as Paying Agent and Security Registrar. The Company may change the Paying Agent or Security Registrar without prior notice to the Holder of the Securities, and the Company or any of its Restricted Subsidiaries may act as Paying
Agent or Security Registrar. 
 SECTION 8.05. Table of Contents; Headings. The table of contents, cross-reference
sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof.

  
 62 

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

			
	U.S. Bank National Association, as Trustee
		
	By:	 	 /s/ Jack Ellerin

		
		 	Name: Jack Ellerin
		 	Title: Vice President
	
	SMITHFIELD FOODS, INC.
		
	By:	 	 /s/ Timothy P. Dykstra

		
		 	Name: Timothy P. Dykstra
		 	Title: Vice President and Corporate Treasurer

 Signature Page to Third Supplemental Indenture 

 EXHIBIT A 
 [FORM OF FACE OF NOTE] 
 [Applicable Restricted Securities Legend] 

[Depository Legend, if applicable] 

  
 A-1

			
	No. [    ]	  	Principal Amount $[        ],
		  	 as revised by the Schedule of Increases

and Decreases in the Global Security attached hereto

		
		  	CUSIP NO.: 832248 AV0
		  	ISIN NO.: US832248AV01

 SMITHFIELD FOODS, INC. 
 6.625% Senior Note due 2022 
 Smithfield Foods, Inc., a Virginia corporation,
promises to pay to [            ], or registered assigns, the principal sum of
[                    ] Dollars, as revised by the Schedule of Increases and Decreases in the Global Security attached hereto, on August 15,
2022. 
 Interest Payment Dates: February 15 and August 15. 

Record Dates: February 1 and August 1. 
 Additional provisions of this Security are set forth on the other side of this Security. 
  

			
	SMITHFIELD FOODS, INC.
		
	By:	 	  

		
	By:	 	  

  

							
	 TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	 		 	
			
	[                    ]	 		 	
			
	 as Trustee, certifies
 that this is one of
 the Securities referred

to in the Indenture.
	 		 	
				
	By	 	  
	 		 	
		 	Authorized Signatory	 		 	Date:

  
 A-2

 [FORM OF REVERSE SIDE OF NOTE] 

6.625% Senior Note due 2022 
  

	1.	Interest 

 Smithfield
Foods, Inc., a Virginia corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Company”), promises to pay interest on the principal amount of this Security at the
rate per annum shown above. 
 The Company will pay interest semiannually on February 15 and August 15 of each year
with the first interest payment to be made on February 15, 2013. Interest on the Securities will accrue from the most recent date to which interest has been paid on the Securities or, if no interest has been paid, from August 1, 2012. The
Company shall pay interest on overdue principal or premium, if any (plus interest on such interest to the extent lawful), at the rate borne by the Securities 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 

 By no
later than 10:00 a.m. (New York City time) on the date on which any principal of or interest on any Security is due and payable, the Company shall irrevocably deposit with the Trustee or the Paying Agent money sufficient to pay such principal,
premium, if any, and/or interest. The Company will pay interest (except Defaulted Interest) to the Persons who are registered Holders of Securities at the close of business on the February 1 and August 1 next preceding the interest payment
date even if Securities are cancelled or repurchased after the record date and on or before the interest payment date. Holders must surrender Securities to a Paying Agent to collect principal payments. The Company will pay principal and interest in
money of the United States that at the time of payment is legal tender for payment of public and private debts. Payments in respect of Securities represented by a Global Security (including principal, premium, if any, and interest) will be made by
the transfer of immediately available funds to the accounts specified by the Depositary. The Company will make all payments in respect of a Definitive Security (including principal, premium, if any, and interest) by mailing a check to the registered
address of each Holder thereof; provided, however, that payments on the Securities may also be made, in the case of a Holder of at least $1,000,000 aggregate principal amount of Securities, by wire transfer to a U.S. dollar account
maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 15 days immediately preceding
the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 
  

	3.	Paying Agent and Registrar 

 Initially, U.S. Bank National Association, a national banking association duly organized and existing under the laws of the United States of America and having a corporate trust office in Atlanta, Georgia
(the “Trustee”), will act as Paying Agent and Registrar. The Company may appoint and change any Paying Agent, Registrar or co-registrar without notice to any Holder. The Company or any of its domestically incorporated Wholly-Owned
Subsidiaries may act as Paying Agent, Registrar or co-registrar. 

  
 A-3

	4.	Indenture 

 The Company
issued the Securities under an Indenture dated as of June 1, 2007 (the “Original Indenture”), as supplemented by the Third Supplemental Indentured dated as of June 22, 2007 (the “Third Supplemental
Indenture”, and together with the Original Indenture, as it may be amended or supplemented from time to time in accordance with the terms thereof, the “Indenture”), among the Company and the Trustee. The terms of the
Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect from time to time (the “Act”).
Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. The Securities are subject to all such terms, and Holders are referred to the Indenture and the Act for a statement of those terms. To the
extent any provision of this Security conflicts with the provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 
 The Securities are general unsecured senior obligations of the Company. The aggregate principal amount of Securities which may be authenticated and delivered under the Indenture is unlimited. This
Security is one of the 6.625% Senior Notes due 2022 referred to in the Indenture. The Securities include (i) $1,000,000,000 aggregate principal amount of the Company’s 6.625% Senior Notes due 2022 issued under the Indenture (herein called
“Initial Securities”) and (ii) if and when issued, additional 6.625% Senior Notes due 2022 of the Company that may be issued from time to time under the Indenture subsequent to August 1, 2012 (herein called
“Additional Securities”). The Initial Securities and Additional Securities are treated as a single class of securities under the Indenture. The Indenture imposes certain limitations on the Company and its Subsidiaries, including the
Incurrence of Indebtedness by the Company and its Restricted Subsidiaries, the payment of dividends and other distributions on the Capital Stock of the Company and its Restricted Subsidiaries, the purchase or redemption of Capital Stock of the
Company and Capital Stock of such Subsidiaries, certain purchases or redemptions of Subordinated Indebtedness, the sale or transfer of assets and Capital Stock of Subsidiaries, certain Sale/Leaseback Transactions involving the Company or any
Restricted Subsidiary, the incurrence of certain Liens, certain payment Guarantees, and transactions with Affiliates, provided, however, certain of such limitations will no longer be in effect if the Securities receive a rating of “BBB-”
or higher from Standard & Poor’s Rating Services (or its successors) and “Baa3” or higher from Moody’s Investors Service, Inc. (or its successors). In addition, the Indenture limits the ability of the Company and its
Restricted Subsidiaries to enter into agreements that restrict distributions and dividends from Restricted Subsidiaries. 
  

	5.	Redemption 

 On and after
August 15, 2017, the Company may redeem the Securities, in whole or in part, upon not less than 30 nor more than 60 days’ notice, at the following redemption prices (expressed as a percentage of principal amount of the Securities to be
redeemed) set forth below, plus accrued and unpaid interest, if any, on the Securities to the applicable redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment
date), if redeemed during the twelve-month period beginning on August 15 of each of the years indicated below: 
  

					
	 Year
	  	Percentage	 
		
	 2017
	  	 	103.313	% 
	 2018
	  	 	102.208	% 
	 2019
	  	 	101.104	% 
	 2020 and thereafter
	  	 	100.000	% 

  
 A-4

 At any time and from time to time prior to August 15, 2015, the Company may redeem in
the aggregate up to 35% of the original principal amount of the Securities with the Net Cash Proceeds of one or more Public Equity Offerings received by the Company at a redemption price (expressed as a percentage of principal amount) of 106.625%
plus accrued and unpaid interest, if any, to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of
the original principal amount of the Securities (exclusive of any Additional Securities) must remain outstanding after each such redemption; provided further, that each such redemption occurs within 60 days of the date of closing of such
Public Equity Offering. 
 In addition, at any time prior to August 15, 2017, the Securities may be redeemed by the
Company, upon not less than 30 nor more than 60 days’ notice, in whole or in part, at the Company’s option, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid
interest, if any, to, the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date). 

If the optional redemption date is on or after an interest record date and on or before the related interest payment date, the accrued
and unpaid interest, if any, will be paid to the Person in whose name the Security is registered at the close of business on such record date, and no additional interest will be payable to Holders whose Securities will be subject to redemption by
the Company. 
 In the case of any partial redemption, the Trustee will select the Securities for redemption in compliance with
the requirements of the principal national securities exchange, if any, on which the Securities are listed or, if the Securities are not listed, then on a pro rata basis, by lot or by such other method as the Trustee in its sole discretion shall
deem to be fair and reasonable, although no Security of $2,000 in original principal amount or less will be redeemed in part. If any Security is to be redeemed in part only, the notice of redemption relating to such Security shall state the portion
of the principal amount thereof to be redeemed. A new Security in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Security. On and after the redemption date,
interest will cease to accrue on Securities or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. 

  
 A-5

 The Company may provide in any redemption notice that payment of the Redemption Price and
performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions
precedent, including but not limited to the occurrence of a Change of Control or the completion of a Public Equity Offering. 
  

	6.	Put Provisions 

 Upon the
occurrence of a Change of Control, any Holder of Securities will have the right to offer to cause the Company to repurchase all or any part of the Securities of such Holder at a purchase price in cash equal to 101% of the principal amount thereof,
plus accrued and unpaid interest, if any, to the date of repurchase (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date) as provided in, and subject to the terms of,
the Indenture. 
 In the event of an Asset Disposition that requires the purchase of Securities pursuant to
Section 3.07(b) of the Third Supplemental Indenture, the Company will be required to apply such Excess Proceeds to the repayment of the Securities and any Pari Passu Indebtedness in accordance with the procedures set forth in
Section 3.07 of the Third Supplemental Indenture. 
  

	7.	Denominations; Transfer; Exchange 

 The Securities are in registered form without coupons in denominations of principal amount of $2,000 and whole multiples of $1,000 in excess thereof. A Holder may transfer or exchange Securities in
accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not
register the transfer of or exchange any Securities for a period beginning 15 days before an interest payment date and ending on such interest payment date. 
  

	8.	Persons Deemed Owners 

The registered Holder of this Security may be treated as the owner of it for all purposes. 

 

	9.	Unclaimed Money 

 If
money for the payment of the principal of or premium, if any, or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Company at its request unless an abandoned property law designates another person.
After any such payment, Holders entitled to the money must look only to the Company and not to the Trustee for payment. 

  
 A-6

	10.	Defeasance 

 Subject to
certain conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Securities and the Indenture if the Company deposits with the Trustee money or non-callable U.S. Government Obligations for
the payment of principal and interest on the Securities to maturity. 
  

	11.	Amendment, Waiver 

Subject to certain exceptions set forth in the Indenture, (i) the Indenture, the Securities and the Subsidiary Guarantees may be
amended or supplemented with the written consent of the Holders of at least a majority in principal amount of the then outstanding Securities and (ii) any default (other than with respect to nonpayment) or noncompliance with any provision may
be waived with the written consent of the Holders of a majority in principal amount of the then outstanding Securities. Subject to certain exceptions set forth in the Indenture, without the consent of any Holder, the Company and the Trustee may
amend the Indenture or the Securities to cure any ambiguity, omission, defect or inconsistency, or to comply with Article IV of the Indenture in respect of the assumption by a Successor Company of an obligation of the Company or any Subsidiary
Guarantor under the Indenture, the Securities and the Subsidiary Guarantee, or to provide for uncertificated Securities in addition to or in place of certificated Securities, or to add guarantees with respect to the Securities or to release a
Subsidiary Guarantor or to add additional covenants or surrender rights and powers conferred on the Company, or to comply with any request of the SEC in connection with qualifying the Indenture under the Act, or to make any change that does not
adversely affect the rights of any Holder. 
  

	12.	Defaults and Remedies 

Under the Indenture, Events of Default include: (i) default for 30 days in payment of interest when due on the Securities;
(ii) default in payment of the principal of or premium, if any, on the Securities at Stated Maturity, upon redemption, required repurchase, upon declaration or otherwise; (iii) failure by the Company or any Significant Subsidiary to comply
with other agreements in the Indenture or the Securities, in certain cases subject to notice and lapse of time; (iv) certain accelerations (including failure to pay within any grace period after final maturity) of other Indebtedness of the
Company or any Significant Subsidiary if the amount accelerated (or so unpaid) exceeds $50.0 million; (v) certain events of bankruptcy or insolvency with respect to the Company or any Significant Subsidiary; (vi) certain final,
non-appealable judgments or decrees for the payment of money in excess of $50.0 million; and (vii) nonperformance by any Subsidiary Guarantor that is a Significant Subsidiary under a Subsidiary Guarantee or the failure of any Subsidiary
Guarantee by a Subsidiary Guarantor which is a Significant Subsidiary to be in full force and effect. If an Event of Default occurs and is continuing, the Trustee or Holders of at least 25% in principal amount of the Securities then outstanding may
declare all the Securities to be due and payable immediately. Certain events of bankruptcy or insolvency are Events of Default which will result in the Securities being due and payable immediately upon the occurrence of such Events of Default.

  
 A-7

 Holders may not enforce the Indenture or the Securities except as provided in the
Indenture. The Trustee may refuse to enforce the Indenture or the Securities unless it receives reasonable indemnity or security. Subject to certain limitations, Holders of a majority in principal amount of the Securities may direct the Trustee in
its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default or Event of Default (except a Default or Event of Default in payment of principal or interest) if it determines that withholding notice is in
their interest. 
  

	13.	Trustee Dealings with the Company 

 Subject to certain limitations set forth in the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal
with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. 

 

	14.	No Recourse Against Others 

 A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in
respect of or by reason of such obligations or their creation. By accepting a Security, each Holder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities. 

 

	15.	Authentication 

 This
Security shall not be valid until an authorized signatory of the Trustee (or an authenticating agent acting on its behalf) manually signs the certificate of authentication on the other side of this Security. 

 

	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 entirety), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian) and
U/G/M/A (=Uniform Gift 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 Securities. No representation is made as to the accuracy of such numbers as printed on the
Securities and reliance may be placed only on the other identification numbers placed thereon. 
  

	18.	Governing Law 

 This
Security shall be governed by, and construed in accordance with, the laws of the State of New York. 

  
 A-8

 The Company will furnish to any Holder upon written request and without charge to the
Holder a copy of the Indenture which has in it the text of this Security in larger type. Requests may be made to: 
  

	
	Smithfield Foods, Inc.
	200 Commerce Street
	Smithfield, VA 23430
	Attention: Chief Financial Officer

  
 A-9

 ASSIGNMENT FORM 
 To assign this Security, fill in the form below: 
 I or we assign and transfer this Security to

  

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

  

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

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

 
  
  

											
	Date:	 	  
	 		 	Your Signature:	 	  
	 	

  

					
	Signature Guarantee:	 	  
	 	
		 	(Signature must be guaranteed)	 	

  
  
 Sign exactly as your name appears on the other side of this Security. 
 The
signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to S.E.C. Rule 17Ad-15.

  
 A-10

 [TO BE ATTACHED TO GLOBAL SECURITIES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 
 The following increases or decreases in this Global Security have been made: 
  

									
	Date of
Exchange	  	Amount of decrease in Principal
Amount of this Global Security	  	Amount of increase in Principal
Amount of this Global Security	  	Principal Amount of this Global
Security following such
decrease or increase	  	Signature of authorized
signatory of Trustee or
Securities Custodian

  
 A-11

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 3.07 or 3.09 of the Third
Supplemental Indenture, check the box: 
 If you want to elect to have only part of this Security purchased by the Company
pursuant to Section 3.07 or 3.09 of the Third Supplemental Indenture, state the amount in principal amount (must be $2,000 and an integral multiple of $1,000 in excess thereof): $ 

 

											
	Date:	 	  
	 		 	Your Signature:	 	  
	 	
		 		 		 	(Sign exactly as your name appears on the other side of the Security)

  

					
	Signature Guarantee:	 	  
	 	
		 	(Signature must be guaranteed)	 	

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings
and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to S.E.C. Rule 17Ad-15. 

  
 A-12

 EXHIBIT B 
 FORM OF INDENTURE SUPPLEMENT TO ADD SUBSIDIARY GUARANTORS TO GUARANTEE NOTES 
 This [insert number] Supplemental Indenture and Subsidiary Guarantee, dated as of [                 ],
20     (this “Supplemental Indenture” or “Guarantee”), among [name of future Subsidiary Guarantor] (the “Guarantor”), Smithfield Foods, Inc. (together with its successors
and assigns, the “Company”), each other then existing Subsidiary Guarantor under the Indenture referred to below, and U.S. Bank National Association, as Trustee under the Indenture referred to below. 

W I T N E S S E T H: 
 WHEREAS, the Company[, the Subsidiary Guarantors] and the Trustee have heretofore executed and delivered an Indenture, dated as of June 1, 2007 (the “Original Indenture”), as
supplemented by the Third Supplemental Indentured dated as of August 1, 2012 (the “Third Supplemental Indenture”, and together with the Original Indenture, as it may be amended or supplemented from time to time in accordance
with the terms thereof, the “Indenture”), providing for the issuance of an unlimited aggregate principal amount of 6.625% Senior Notes due 2022 of the Company (the “Securities”); 

WHEREAS, Section 3.12 of the Third Supplemental Indenture provides that the Company will not permit any Restricted
Subsidiary to Guarantee the payment of any Indebtedness of the Company or any Indebtedness of any other Restricted Subsidiary, subject to certain exceptions, unless such Restricted Subsidiary simultaneously executes and delivers a supplemental
indenture to the Indenture providing for a Guarantee of payment of the Securities by such Restricted Subsidiary; and 

WHEREAS, pursuant to Section 901 of the Original Indenture, the Trustee and the Company are authorized to execute and
deliver this Supplemental Indenture to amend the Indenture, without the consent of any Holder; 
 NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guarantor, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the
Securities as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Defined Terms. As used in this Supplemental
Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined, 

  
 B-1

 
except that the term “Holders” in this Guarantee shall refer to the term “Holders” as defined in the Indenture and the Trustee acting on behalf or for the benefit of
such Holders. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

 ARTICLE II 
 AGREEMENT TO BE BOUND; GUARANTEE 
 Section 2.1 Agreement to be Bound.
The Guarantor hereby becomes a party to the Indenture as a Subsidiary Guarantor and as such will have all of the rights and be subject to all of the obligations and agreements of a Subsidiary Guarantor under the Indenture. The Guarantor agrees to be
bound by all of the provisions of the Indenture applicable to a Subsidiary Guarantor and to perform all of the obligations and agreements of a Subsidiary Guarantor under the Indenture. 

Section 2.2 Guarantee. Each Subsidiary Guarantor hereby fully, unconditionally and irrevocably guarantees, as primary
obligor and not merely as surety, jointly and severally with each other Subsidiary Guarantor, to each Holder of the Securities and the Trustee the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise,
of the principal of, premium, if any, and interest on the Securities and all other obligations and liabilities of the Company under this Indenture (including without limitation interest accruing after the filing of any petition in bankruptcy, or the
commencement of any insolvency, reorganization or like proceeding, relating to the Company or any Subsidiary Guarantor whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) (all the foregoing being
hereinafter collectively called the “Obligations”). Each Subsidiary Guarantor further agrees (to the extent permitted by law) that the Obligations may be extended or renewed, in whole or in part, without notice or further assent
from it, and that it will remain bound under this Supplemental Indenture notwithstanding any extension or renewal of any Obligation. 
 Each Subsidiary Guarantor waives presentation to, demand of payment from and protest to the Company of any of the Obligations and also waives notice of protest for nonpayment. Each Subsidiary Guarantor
waives notice of any default under the Securities, the Obligations or the Indenture. The obligations of each Subsidiary Guarantor hereunder shall not be affected by (a) the failure of any Holder to assert any claim or demand or to enforce any
right or remedy against the Company, any Subsidiary Guarantor or any other person under this Indenture, the Securities or any other agreement or otherwise; (b) any extension or renewal of any thereof; (c) any rescission, waiver, amendment
or modification of any of the terms or provisions of this Indenture, any Subsidiary Guarantee, the Securities or any other agreement; (d) the release of any security held by any Holder or the Trustee for the Obligations or any of them;
(e) the failure of any Holder to exercise any right or remedy against any other Subsidiary Guarantor; or (f) any change in the ownership of the Company. 

  
 B-2

 Each Subsidiary Guarantor further agrees that its Subsidiary Guarantee herein constitutes a
Guarantee of payment when due (and not a Guarantee of collection) and waives any right to require that any resort be had by any Holder to any security held for payment of the Obligations. 

The obligations of each Subsidiary Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for
any reason (other than payment of the Obligations in full), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by
reason of the invalidity, illegality or unenforceability of the Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Subsidiary Guarantor herein shall not be discharged or impaired or otherwise affected
by the failure of any Holder to assert any claim or demand or to enforce any remedy under this Indenture, the Securities or any other agreement, by any waiver or modification of any thereof, by any default, failure or delay, willful or otherwise, in
the performance of the Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of any Subsidiary Guarantor or would otherwise operate as a discharge
of such Subsidiary Guarantor as a matter of law or equity. 
 Subject to the provisions of Section 3.12 of the
Third Supplemental Indenture, each Subsidiary Guarantor agrees that its Subsidiary Guarantee herein shall remain in full force and effect until payment in full of all the Obligations or such Subsidiary Guarantor is released from its Subsidiary
Guarantee in accordance with the Indenture. Notwithstanding the foregoing and the other provisions of the Indenture, any Subsidiary Guarantee by a Restricted Subsidiary shall automatically and unconditionally be released and discharged upon
(1) any sale, exchange or transfer, to any Person not an Affiliate of the Company, of all of the Company’s Capital Stock in, or all or substantially all the assets of, whether by way of merger, consolidation or otherwise, such Restricted
Subsidiary (which sale, exchange or transfer is not prohibited by the Indenture), (2) the release or discharge of the guarantee which resulted in the creation of such Subsidiary Guarantee, except a discharge or release by or as a result of
payment under such guarantee or (3) such Restricted Subsidiary being designated an Unrestricted Subsidiary of the Company in accordance with the terms of the Indenture by the Company’s Board of Directors. Each Subsidiary Guarantor further
agrees that its Subsidiary Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest on any of the Obligations is rescinded or must otherwise be
restored by any Holder upon the bankruptcy or reorganization of the Company or otherwise. 
 In furtherance of the foregoing
and not in limitation of any other right which any Holder has at law or in equity against any Subsidiary Guarantor by virtue hereof, upon the failure of the Company to pay any of the Obligations when and as the same shall become due, whether at
maturity, by acceleration, by redemption or otherwise, each Subsidiary Guarantor hereby promises to and will, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Holders an amount equal to the sum of
(i) the unpaid amount of such Obligations then due and owing and (ii) accrued and unpaid interest on such Obligations then due and owing (but only to the extent not prohibited by law). 

  
 B-3

 Each Subsidiary Guarantor further agrees that, as between such Subsidiary Guarantor, on the
one hand, and the Holders, on the other hand, (x) the maturity of the Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Subsidiary Guarantee herein, notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the Obligations guaranteed hereby and (y) in the event of any such declaration of acceleration of such Obligations, such Obligations (whether or not due and payable) shall forthwith
become due and payable by the Subsidiary Guarantor for the purposes of this Subsidiary Guarantee. 
 Each Subsidiary Guarantor
also agrees to pay any and all reasonable costs and expenses (including reasonable attorneys’ fees) incurred by the Trustee or the Holders in enforcing any rights under this Section. 

Section 2.3 Limitation on Liability. The obligations of each Subsidiary Guarantor hereunder will be limited to the maximum
amount as will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the
obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to its contribution obligations under this Indenture or applicable law, result in the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee
not constituting a fraudulent conveyance or fraudulent transfer under federal or state law and not otherwise being void or voidable under any similar laws affecting the rights of creditors generally. 

Section 2.4 Release and Discharge. Each Subsidiary Guarantor will be deemed released from all its obligations under this
Indenture and its Subsidiary Guarantee and such Subsidiary Guarantee will terminate upon the legal defeasance or covenant defeasance of the Securities pursuant to the provisions of Article IV of the Original Indenture and Article VI of
the Third Supplemental Indenture. 
 Section 2.5 Right of Contribution. Each Subsidiary Guarantor hereby agrees
that to the extent that any Subsidiary Guarantor shall have paid more than its proportionate share of any payment made on the obligations under the Subsidiary Guarantees, such Subsidiary Guarantor shall be entitled to seek and receive contribution
from and against the Company or any other Subsidiary Guarantor who has not paid its proportionate share of such payment. The provisions of this Section 2.5 shall in no respect limit the obligations and liabilities of each Subsidiary
Guarantor to the Trustee and the Holders and each Subsidiary Guarantor shall remain liable to the Trustee and the Holders for the full amount guaranteed by such Subsidiary Guarantor hereunder. 

Section 2.6 No Subrogation. Notwithstanding any payment or payments made by each Subsidiary Guarantor hereunder, no
Subsidiary Guarantor shall be entitled to be subrogated to any of the rights of the Trustee or any Holder against the Company or any other Subsidiary Guarantor or any collateral security or guarantee or right of offset held by the Trustee or any
Holder for the payment of the Obligations, nor shall any Subsidiary Guarantor seek or be entitled to seek any contribution or reimbursement from the Company or any other Subsidiary Guarantor in respect of payments made by such Subsidiary Guarantor
hereunder, until all amounts owing to the Trustee and the Holders by the Company on account of the Obligations are 

  
 B-4

 
paid in full. If any amount shall be paid to any Subsidiary Guarantor on account of such subrogation rights at any time when all of the Obligations shall not have been paid in full, such amount
shall be held by such Subsidiary Guarantor in trust for the Trustee and the Holders, segregated from other funds of such Subsidiary Guarantor, and shall, forthwith upon receipt by such Subsidiary Guarantor, be turned over to the Trustee in the exact
form received by such Subsidiary Guarantor (duly indorsed by such Subsidiary Guarantor to the Trustee, if required), to be applied against the Obligations. 
 ARTICLE III 
 MISCELLANEOUS 

Section 3.1 Notices. All notices and other communications to the Guarantor shall be given as provided in the Indenture to
the Guarantor, at its address set forth below, with a copy to the Company as provided in the Indenture for notices to the Company. 
 Section 3.2 Parties. Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or
equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein or therein contained. 
 Section 3.3 Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 

Section 3.4 Severability Clause. In case any provision in this Supplemental Indenture shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

 Section 3.5 Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended
hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every
Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture. 

Section 3.6 Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all
of which together shall constitute one and the same agreement. 
 Section 3.7 Headings. The headings of the
Articles and the sections in this Guarantee are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

  
 B-5

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

			
	 [SUBSIDIARY GUARANTOR],
 as a Guarantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	U.S. Bank National Association, as Trustee
		
	By:	 	  

		 	Name:
		 	Title:
	
	SMITHFIELD FOODS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	[INSERT OTHER SUBSIDIARY GUARANTORS]
		
	By	 	  

		 	Name:
		 	Title:

  
 B-6

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