Document:

Indenture with respect to the PIK Toggle Senior Notes due 2013

 Execution Copy 

 
 Exhibit 4.12 

REXNORD HOLDINGS, INC., 
 as Issuer 
 PIK Toggle Senior Notes due 2013 

 
  

INDENTURE 
 Dated
as of August 8, 2008 
  
  

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Article 1         DEFINITIONS AND INCORPORATION BY
REFERENCE
	  	 	1	  
	             SECTION 1.01
	 	 Definitions
	  	 	1	  
	             SECTION 1.02
	 	 Other Definitions
	  	 	40	  
	             SECTION 1.03
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	42	  
	             SECTION 1.04
	 	 Rules of Construction
	  	 	42	  
	 Article 2         THE SECURITIES
	  	 	43	  
	             SECTION 2.01
	 	 Amount of Securities
	  	 	43	  
	             SECTION 2.02
	 	 Form and Dating
	  	 	44	  
	             SECTION 2.03
	 	 Execution and Authentication
	  	 	45	  
	             SECTION 2.04
	 	 Registrar and Paying Agent
	  	 	45	  
	             SECTION 2.05
	 	 Paying Agent to Hold Money in Trust
	  	 	46	  
	             SECTION 2.06
	 	 Holder Lists
	  	 	46	  
	             SECTION 2.07
	 	 Transfer and Exchange
	  	 	47	  
	             SECTION 2.08
	 	 Replacement Securities
	  	 	47	  
	             SECTION 2.09
	 	 Outstanding Securities
	  	 	48	  
	             SECTION 2.10
	 	 Temporary Securities
	  	 	48	  
	             SECTION 2.11
	 	 Cancellation
	  	 	49	  
	             SECTION 2.12
	 	 Defaulted Interest
	  	 	49	  
	             SECTION 2.13
	 	 CUSIP Numbers, ISINs, etc
	  	 	49	  
	             SECTION 2.14
	 	 Calculation of Principal Amount of Securities
	  	 	50	  
	             SECTION 2.15
	 	 Interest
	  	 	50	  
	             SECTION 2.16
	 	 Increased Costs, Illegality, etc
	  	 	50	  
	 Article 3         REDEMPTION
	  	 	52	  
	             SECTION 3.01
	 	 Redemption
	  	 	52	  
	             SECTION 3.02
	 	 Applicability of Article
	  	 	53	  
	             SECTION 3.03
	 	 Notices to Trustee
	  	 	53	  
	             SECTION 3.04
	 	 Selection of Securities to Be Redeemed
	  	 	53	  
	             SECTION 3.05
	 	 Notice of Optional Redemption
	  	 	53	  
	             SECTION 3.06
	 	 Effect of Notice of Redemption
	  	 	54	  
	             SECTION 3.07
	 	 Deposit of Redemption Price
	  	 	55	  

  
 i 

 TABLE OF CONTENTS 
 (continued) 
  

							
	  	 	 	  	Page	 
	             SECTION 3.08
	 	Securities Redeemed in Part	  	 	55	  
	             SECTION 3.09
	 	Special Mandatory Redemption	  	 	55	  
	 Article 4         COVENANTS
	  	 	56	  
	             SECTION 4.01
	 	Payment of Securities	  	 	56	  
	             SECTION 4.02
	 	Reports and Other Information	  	 	56	  
	             SECTION 4.03
	 	Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock	  	 	57	  
	             SECTION 4.04
	 	Limitation on Restricted Payments	  	 	64	  
	             SECTION 4.05
	 	Dividend and Other Payment Restrictions Affecting Subsidiaries	  	 	70	  
	             SECTION 4.06
	 	Asset Sales	  	 	72	  
	             SECTION 4.07
	 	Transactions with Affiliates	  	 	76	  
	             SECTION 4.08
	 	Change of Control	  	 	79	  
	             SECTION 4.09
	 	Compliance Certificate	  	 	81	  
	             SECTION 4.10
	 	[Reserved]	  	 	82	  
	             SECTION 4.11
	 	Future Guarantors	  	 	82	  
	             SECTION 4.12
	 	Liens	  	 	82	  
	 Article 5         SUCCESSOR COMPANY
	  	 	82	  
	             SECTION 5.01
	 	When Company May Merge or Transfer Assets	  	 	82	  
	 Article 6         DEFAULTS AND REMEDIES
	  	 	84	  
	             SECTION 6.01
	 	Events of Default	  	 	84	  
	             SECTION 6.02
	 	Acceleration	  	 	86	  
	             SECTION 6.03
	 	Other Remedies	  	 	87	  
	             SECTION 6.04
	 	Waiver of Past Defaults	  	 	87	  
	             SECTION 6.05
	 	Control by Majority	  	 	87	  
	             SECTION 6.06
	 	Limitation on Suits	  	 	88	  
	             SECTION 6.07
	 	Rights of the Holders to Receive Payment	  	 	88	  
	             SECTION 6.08
	 	Collection Suit by Trustee	  	 	88	  
	             SECTION 6.09
	 	Trustee May File Proofs of Claim	  	 	89	  
	             SECTION 6.10
	 	Priorities	  	 	89	  

  
 ii 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	 	 	  	Page	 
	             SECTION 6.11
	 	Undertaking for Costs	  	 	89	  
	             SECTION 6.12
	 	Waiver of Stay or Extension Laws	  	 	90	  
	 Article 7         TRUSTEE
	  	 	90	  
	             SECTION 7.01
	 	Duties of Trustee	  	 	90	  
	             SECTION 7.02
	 	Rights of Trustee	  	 	91	  
	             SECTION 7.03
	 	Individual Rights of Trustee	  	 	93	  
	             SECTION 7.04
	 	Trustee’s Disclaimer	  	 	93	  
	             SECTION 7.05
	 	Notice of Defaults	  	 	93	  
	             SECTION 7.06
	 	Reports by Trustee to the Holders	  	 	93	  
	             SECTION 7.07
	 	Compensation and Indemnity	  	 	94	  
	             SECTION 7.08
	 	Replacement of Trustee	  	 	95	  
	             SECTION 7.09
	 	Successor Trustee by Merger	  	 	96	  
	             SECTION 7.10
	 	Eligibility; Disqualification	  	 	96	  
	             SECTION 7.11
	 	Preferential Collection of Claims Against the Issuer	  	 	96	  
	 Article 8         DISCHARGE OF INDENTURE; DEFEASANCE
	  	 	97	  
	             SECTION 8.01
	 	Discharge of Liability on Securities; Defeasance	  	 	97	  
	             SECTION 8.02
	 	Conditions to Defeasance	  	 	98	  
	             SECTION 8.03
	 	Application of Trust Money	  	 	100	  
	             SECTION 8.04
	 	Repayment to Company	  	 	100	  
	             SECTION 8.05
	 	Indemnity for Government Obligations	  	 	100	  
	             SECTION 8.06
	 	Reinstatement	  	 	100	  
	 Article 9         AMENDMENTS AND WAIVERS
	  	 	101	  
	             SECTION 9.01
	 	Without Consent of the Holders	  	 	101	  
	             SECTION 9.02
	 	With Consent of the Holders	  	 	102	  
	             SECTION 9.03
	 	Compliance with Trust Indenture Act	  	 	103	  
	             SECTION 9.04
	 	Revocation and Effect of Consents and Waivers	  	 	103	  
	             SECTION 9.05
	 	Notation on or Exchange of Securities	  	 	103	  
	             SECTION 9.06
	 	Trustee to Sign Amendments	  	 	104	  
	             SECTION 9.07
	 	Payment for Consent	  	 	104	  
	             SECTION 9.08
	 	Additional Voting Terms; Calculation of Principal Amount	  	 	104	  

  
 iii

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	 	 	  	Page	 
	 Article 10
	 		  	 	104	  
	 Article 11         GUARANTEES
	  	 	105	  
	             SECTION 11.01
	 	Guarantees	  	 	105	  
	             SECTION 11.02
	 	Limitation on Liability	  	 	107	  
	             SECTION 11.03
	 	Successors and Assigns	  	 	108	  
	             SECTION 11.04
	 	No Waiver	  	 	108	  
	             SECTION 11.05
	 	Modification	  	 	109	  
	             SECTION 11.06
	 	Execution of Supplemental Indenture for Future Guarantors	  	 	109	  
	             SECTION 11.07
	 	Non-Impairment	  	 	109	  
	Article 12	 		  	 	109	  
	 Article 13         MISCELLANEOUS
	  	 	110	  
	             SECTION 13.01
	 	Trust Indenture Act Controls	  	 	110	  
	             SECTION 13.02
	 	Notices	  	 	110	  
	             SECTION 13.03
	 	Communication by the Holders with Other Holders	  	 	111	  
	             SECTION 13.04
	 	Certificate and Opinion as to Conditions Precedent	  	 	111	  
	             SECTION 13.05
	 	Statements Required in Certificate or Opinion	  	 	112	  
	             SECTION 13.06
	 	When Securities Disregarded	  	 	112	  
	             SECTION 13.07
	 	Rules by Trustee, Paying Agent and Registrar	  	 	112	  
	             SECTION 13.08
	 	Legal Holidays	  	 	112	  
	             SECTION 13.09
	 	GOVERNING LAW	  	 	113	  
	             SECTION 13.10
	 	No Recourse Against Others	  	 	113	  
	             SECTION 13.11
	 	Successors	  	 	113	  
	             SECTION 13.12
	 	Multiple Originals	  	 	113	  
	             SECTION 13.13
	 	Table of Contents; Headings	  	 	113	  
	             SECTION 13.14
	 	Indenture Controls	  	 	113	  
	             SECTION 13.15
	 	Severability	  	 	114	  

  
 iv 

							
	 Appendix A
	  	 	–	  	  	Provisions Relating to Initial Securities and Additional Securities
	
	 EXHIBIT INDEX

	 Exhibit A
	  	 	–	  	  	Original Security
	 Exhibit B
	  	 	–	  	  	Form of Transferee Letter of Representation
	 Exhibit C
	  	 	–	  	  	Form of Supplemental Indenture

  
 v 

 CROSS-REFERENCE TABLE 

 

					
	   TIA
 Section
	  	Indenture
Section	 
		
	 310(a)(1)
	  	 	7.10	  
		
	 (a)(2)
	  	 	7.10	  
		
	 (a)(3)
	  	 	N.A.	  
		
	 (a)(4)
	  	 	N.A.	  
		
	 (b)
	  	 	7.08; 7.10	  
		
	 (c)
	  	 	N.A.	  
		
	 311(a)
	  	 	7.11	  
		
	 (b)
	  	 	7.11	  
		
	 (c)
	  	 	N.A.	  
		
	 312(a)
	  	 	2.06	  
		
	 (b)
	  	 	13.03	  
		
	 (c)
	  	 	13.03	  
		
	 313(a)
	  	 	7.06	  
		
	 (b)(1)
	  	 	N.A.	  
		
	 (b)(2)
	  	 	7.06	  
		
	 (c)
	  	 	7.06	  
		
	 (d)
	  	 	4.02; 4.09	  
		
	 314(a)
	  	 	4.02; 4.09	  
		
	 (b)
	  	 	N.A.	  
		
	 (c)(1)
	  	 	13.04	  
		
	 (c)(2)
	  	 	13.04	  
		
	 (c)(3)
	  	 	N.A.	  

  
 vi 

					
		
	 (d)
	  	 	N.A.	  
		
	 (e)
	  	 	13.05	  
		
	 (f)
	  	 	4.10	  
		
	 315(a)
	  	 	7.01	  
		
	 (b)
	  	 	7.05	  
		
	 (c)
	  	 	7.01	  
		
	 (d)
	  	 	7.01	  
		
	 (e)
	  	 	6.11	  
		
	 316(a)(last sentence)
	  	 	13.06	  
		
	 (a)(1)(A)
	  	 	6.05	  
		
	 (a)(1)(B)
	  	 	6.04	  
		
	 (a)(2)
	  	 	N.A.	  
		
	 (b)
	  	 	6.07	  
		
	 317(a)(1)
	  	 	6.08	  
		
	 (a)(2)
	  	 	6.09	  
		
	 (b)
	  	 	2.05	  
		
	 318(a)
	  	 	13.01	  

 N.A. Means Not Applicable.

  

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

  
 vii

 INDENTURE dated as of August 8, 2008 (as amended, supplemented or otherwise modified
from time to time, the “Indenture”) between REXNORD HOLDINGS, INC., a Delaware corporation (together with its permitted successors, the “Company” or the “Issuer”), and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, as trustee (the “Trustee”). Any Company Subsidiaries or other Persons who become Guarantors (as defined herein) will be added as parties by means of a supplemental indenture. 

This Indenture is being executed and delivered by the Company in connection with the offer to issue and exchange Securities (as defined
herein) for Loans (as defined herein) outstanding under the Credit Agreement (as defined herein), all as required by Section 6.13 of the Credit Agreement. 
 Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of (a) $460,778,527.00 aggregate principal amount of the Issuer’s PIK
Toggle Senior Notes due 2013 (the “Original Securities”) issued on the date hereof and (b) any Additional Securities (as defined herein) that may be issued after the date hereof in the form of Exhibit A (all such Original
Securities and Additional Securities being referred to collectively as the “Securities”). Subject to the conditions and compliance with the covenants set forth herein, the Issuer may issue an unlimited aggregate principal amount of
Additional Securities. 
 ARTICLE 1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.01
Definitions. 
 “ABR” means, for any day, a fluctuating interest rate per annum in effect
from time to time, which rate per annum shall at all times be equal to the higher of (a) the rate of interest per annum determined by the Administrative Agent under the Credit Agreement (whether or not then in effect) as its prime rate in
effect at its principal office in New York, New York, and notified to the Company and (b)  1/2 of 1% per annum above the Federal Funds Rate. 
 “Acquired
Indebtedness” means, with respect to any specified Person: 
 (1) Indebtedness of any other Person existing
at the time such other Person is merged, consolidated or amalgamated with or into or became a Restricted Subsidiary of such specified Person, and 
 (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 
 “Acquisition Documents” means, collectively, the Apollo Acquisition Documents and the Jacuzzi Acquisition Documents. 
 “Additional Securities” means PIK Toggle Senior Notes due 2013 issued under this Indenture subsequent to the Exchange Date, including the PIK Notes. 

 “Adjusted LIBOR” means, with respect to any Interest Period, an interest rate per
annum equal to the product of (a) the LIBOR in effect for such Interest Period and (b) Statutory Reserves in effect on the Determination Date. 
 “Administrative Agent” means the administrative agent for the lenders under the Credit Agreement on any date of determination. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct
or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control
with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by
agreement or otherwise. 
 “Affiliate Transaction” has the meaning assigned to such term in
Section 4.07(a). 
 “Aggregate Inclusion” has the meaning assigned to such term in
Section 3.04. 
 “Apollo Acquisition” means the acquisition by Affiliates of the Sponsors of substantially
all of the outstanding shares of capital stock of Opco, pursuant to the terms of the Apollo Merger Agreement. 
 “Apollo
Acquisition Documents” means the Apollo Merger Agreement and any other document entered into in connection therewith, in each case as amended, supplemented or modified from time to time prior to July 21, 2006 or thereafter (so long as any
amendment, supplement or modification after July 21, 2006, together with all other amendments, supplements and modifications after July 21, 2006, taken as a whole, is not more disadvantageous to the holders of the Securities in any
material respect than the Apollo Acquisition Documents as in effect on July 21, 2006). 
 “Apollo Merger
Agreement” means the agreement and plan of merger, dated as of May 24, 2006, by and among Chase Acquisition I, Inc., a Delaware corporation, Chase Merger Sub, Inc., a Delaware corporation, Opco and TC Group, L.L.C., a Delaware limited
liability company, as amended, supplemented or modified from time to time prior to July 21, 2006 or thereafter (so long as any amendment, supplement or modification after July 21, 2006, together with all other amendments, supplements and
modifications after July 21, 2006, taken as a whole, is not more disadvantageous to the holders of the Securities in any material respect than the Apollo Merger Agreement as in effect on July 21, 2006). 

“Apollo Sponsors” has the meaning assigned to such term under the definition of “Sponsors.” 

  
 2 

 “Apollo Transactions” means the Apollo Acquisition and the transactions related
thereto, the offering of the Original Opco 2014 Senior Notes and the Opco Subordinated Notes and borrowings made pursuant to the Opco Credit Agreement on July 21, 2006. 
 “Applicable Margin” means 6.25% for each Interest Period (or 5.25% if and when the ABR applies under Section 2.16 hereof rather than Adjusted LIBOR). 

“Asset Sale” means: 
 (1) the sale, conveyance, transfer or other disposition (whether in a single transaction or a series of related transactions) of property or assets (including by way of a Sale/Leaseback Transaction)
outside the ordinary course of business of the Company or any Restricted Subsidiary of the Company (each referred to in this definition as a “disposition”) or 

(2) the issuance or sale of Equity Interests (other than directors’ qualifying shares and shares issued to foreign
nationals or other third parties to the extent required by applicable law) of any Restricted Subsidiary (other than to the Company or another Restricted Subsidiary of the Company) (whether in a single transaction or a series of related
transactions), 
 in each case other than: 
 (a) a disposition of Cash Equivalents or Investment Grade Securities or obsolete or worn out property or equipment in the ordinary course of business; 

(b) the disposition of all or substantially all of the assets of the Company in a manner permitted pursuant to
Section 5.01 or any disposition that constitutes a Change of Control; 
 (c) any Restricted Payment
or Permitted Investment that is permitted to be made, and is made, under Section 4.04; 
 (d) any
disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary, which assets or Equity Interests so disposed or issued have an aggregate Fair Market Value of less than $7.5 million; 

(e) any disposition of property or assets, or the issuance of securities, by a Restricted Subsidiary of the Company to the
Company or by the Company or a Restricted Subsidiary of the Company to a Restricted Subsidiary of the Company; 

(f) any exchange of assets (including a combination of assets and Cash Equivalents) for assets related to a Similar
Business of comparable or 

  
 3 

 
greater market value or usefulness to the business of the Company and its Restricted Subsidiaries as a whole, as determined in good faith by the Company, which in the event of an exchange of
assets with a Fair Market Value in excess of (A) $7.5 million shall be evidenced by an Officers’ Certificate, and (B) $15 million shall be set forth in a resolution approved in good faith by at least a majority of the Board of
Directors of the Company; 
 (g) foreclosure on assets of the Company or any of its Restricted Subsidiaries;

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

 (i) the lease, assignment or sublease of any real or personal property in the ordinary course of business;

 (j) any sale of inventory or other assets in the ordinary course of business; 

(k) any grant in the ordinary course of business of any license of patents, trademarks, know-how or any other intellectual
property; 
 (l) a transfer of accounts receivable and related assets of the type specified in the definition of
“Receivables Financing” (or a fractional undivided interest therein) by a Receivables Subsidiary in a Qualified Receivables Financing; and 
 (m) the sale of any property in a Sale/Leaseback Transaction within six months of the acquisition of such property. 
 “Asset Sale Offer” has the meaning assigned to such term in Section 4.06(b). 
 “Bank Indebtedness” means any and all amounts payable under or in respect of the Opco Credit Agreement and the other Opco Credit Documents as amended, restated, supplemented, waived, replaced,
restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the Opco Credit Agreement), including principal, premium (if any), interest (including interest accruing on or after the filing of any
petition in bankruptcy or for reorganization relating to the Company whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable
thereunder or in respect thereof. 
 “Board of Directors” means, as to any Person, the board of directors or managers,
as applicable, of such Person (or, if such Person is a partnership, the board of directors or other governing body of the general partner of such Person) or any duly authorized committee thereof. 

  
 4 

 “Business Day” means a day other than a Saturday, Sunday or other day on which
banking institutions are authorized or required by law to close in New York City or the city in which the Trustee’s designated office is located (initially, Chicago, Illinois) and, with respect to the determination of Interest Periods and
LIBOR, a day that is a London Banking Day. 
 “Calculation Date” has the meaning assigned to such term in the
definition of Fixed Charge Coverage Ratio. 
 “Capital Stock” means: 

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

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability
company, partnership or membership interests (whether general or limited); and 
 (4) any other interest or
participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 
 “Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be
capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP. 

“Cash Contribution Amount” means the aggregate amount of cash contributions made to the capital of the Company described in the
definition of “Contribution Indebtedness.” 
 “Cash Equivalents” means: 

(1) U.S. Dollars, pounds sterling, euros, the national currency of any member state in the European Union or, in the case
of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by it from time to time in the ordinary course of business; 
 (2) securities issued or directly and fully guaranteed or insured by the U.S. government or any country that is a member of the European Union or any agency or instrumentality thereof in each case
maturing, not more than two years from the date of acquisition; 

  
 5 

 (3) certificates of deposit, time deposits and eurodollar time deposits with
maturities of one year or less from the date of acquisition, bankers’ acceptances, in each case with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus in excess of
$250 million and whose long-term debt is rated “A” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency); 

(4) repurchase obligations for underlying securities of the types described in clauses (2) and (3) above entered
into with any financial institution meeting the qualifications specified in clause (3) above; 
 (5)
commercial paper issued by a corporation (other than an Affiliate of the Company) rated at least “A-1” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings
agency) and in each case maturing within one year after the date of acquisition; 
 (6) readily marketable direct
obligations issued by any state of the United States of America or any political subdivision thereof having one of the two highest rating categories obtainable from either Moody’s or S&P (or reasonably equivalent ratings of another
internationally recognized ratings agency) in each case with maturities not exceeding two years from the date of acquisition; 
 (7) indebtedness issued by Persons (other than the Sponsors or any of their Affiliates) with a rating of “A” or higher from S&P or “A-2” or higher from Moody’s in each case
with maturities not exceeding two years from the date of acquisition; and 
 (8) investment funds investing at
least 95% of their assets in securities of the types described in clauses (1) through (7) above. 
 “Cash
Interest” has the meaning set forth in Section 1 of the Securities, the form of which is attached hereto as Exhibit A. 
 “Change of Control” means the occurrence of any of the following events: 
 (i) the sale, lease or transfer, in one or a series of related transactions, of all or substantially all the assets of the Company and its Subsidiaries, taken as a whole, to a Person (other than any of
the Permitted Holders); or 
 (ii) the Issuer becomes aware (by way of a report or any other filing pursuant to
Section 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) of the acquisition by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision),
including any group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than any of the Permitted Holders, in a single

  
 6 

 
transaction or in a related series of transactions, by way of merger, consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the
Exchange Act, or any successor provision), of more than 50% of the total voting power of the Voting Stock of the Company or any direct or indirect parent of the Company; or 

(iii) individuals who on March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when
the Loans were originally made) constituted the Board of Directors of the Company (together with any new directors whose election by such Board of Directors of the Company or whose nomination for election by the shareholders of the Company was
approved by (a) a vote of a majority of the directors of the Company then still in office who were either directors on March 2, 2007 or whose election or nomination for election was previously so approved or (b) the Permitted Holders)
cease for any reason to constitute a majority of the Board of Directors of the Company then in office. 
 “Change of
Control Offer” has the meaning assigned to such term in Section 4.08(b). 
 “Code” means the Internal
Revenue Code of 1986, as amended. 
 “Company” means the party named as such in the Preamble to this Indenture until a
successor replaces it and, thereafter, means the successor and, for purposes of any provision contained herein and required by the TIA, each other obligor on the Securities. 
 “Consolidated Interest Expense” means, with respect to any Person for any period, the sum, without duplication, of: 

(1) consolidated interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such
expense was deducted in computing Consolidated Net Income (including amortization of original issue discount, the interest component of Capitalized Lease Obligations, and net payments and receipts (if any) pursuant to interest rate Hedging
Obligations and excluding amortization of deferred financing fees, expensing of any bridge or other financing fees and the amortization of original issue discount relating to the Loans and the Securities); plus 

(2) consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or
accrued; plus 
 (3) commissions, discounts, yield and other fees and charges Incurred in connection with any
Receivables Financing which are payable to Persons other than the Company and its Restricted Subsidiaries; minus 

(4) interest income for such period. 

  
 7 

 “Consolidated Net Income” means, with respect to any Person for any period, the
aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis; provided, however, that: 
 (1) any net after-tax extraordinary, nonrecurring or unusual gains or losses or income, expenses or charges (less all fees and expenses relating thereto), including, without limitation, any severance
expenses, and fees, expenses or charges related to any equity offering, Permitted Investment, acquisition or Indebtedness permitted to be Incurred by this Indenture (in each case, whether or not successful), including any such fees, expenses,
charges or change in control payments made under the Acquisition Documents or otherwise related to the Transactions, in each case, shall be excluded; 
 (2) any increase in amortization or depreciation or any one-time non-cash charges increases or reductions in Net Income, in each case resulting from purchase accounting in connection with the Transactions
or any acquisition that is consummated after July 21, 2006 shall be excluded; 
 (3) the Net Income for such
period shall not include the cumulative effect of a change in accounting principles during such period; 
 (4)
any net after-tax income or loss from discontinued operations and any net after-tax gains or losses on disposal of discontinued operations shall be excluded; 
 (5) any net after-tax gains or losses (less all fees and expenses or charges relating thereto) attributable to business dispositions or asset dispositions other than in the ordinary course of business (as
determined in good faith by the Board of Directors of the Company) shall be excluded; 
 (6) any net after-tax
gains or losses (less all fees and expenses or charges relating thereto) attributable to the early extinguishment of indebtedness shall be excluded; 
 (7) the Net Income for such period of any Person that is not a Subsidiary of such Person, or is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be included
only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into cash) to the referent Person or a Restricted Subsidiary thereof in respect of such period; 

(8) solely for the purpose of determining the amount available for Restricted Payments under clause (A) of the
definition of Cumulative Credit, the Net Income for such period of any Restricted Subsidiary (other than any Restricted Subsidiary that becomes a Guarantor) shall be excluded to the extent that the declaration or payment of dividends or similar
distributions by such Restricted Subsidiary of its Net Income is not at the date of determination permitted without any prior governmental approval (which 

  
 8 

 
has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to that Restricted Subsidiary or its stockholders, unless such restrictions with respect to the payment of dividends or similar distributions have been legally waived and other than as may be permitted under Section 4.05;
provided that the Consolidated Net Income of such Person shall be increased by the amount of dividends or other distributions or other payments actually paid in cash (or converted into cash) by any such Restricted Subsidiary to such Person,
to the extent not already included therein; 
 (9) an amount equal to the amount of Tax Distributions actually
made to any parent of such Person in respect of such period in accordance with Section 4.04(b)(xii) shall be included as though such amounts had been paid as income taxes directly by such Person for such period; 

(10) any non-cash impairment charges resulting from the application of Statement of Financial Accounting Standards
(“SFAS”) Nos. 142 and 144 and the amortization of intangibles arising pursuant to SFAS No. 141 shall be excluded; 
 (11) any non-cash expense realized or resulting from employee benefit plans or post-employment benefit plans, grants of stock appreciation or similar rights, stock options or other rights to officers,
directors and employees of such Person or any of its Restricted Subsidiaries shall be excluded; 
 (12) any
(a) severance or relocation costs or expenses, (b) one-time non-cash compensation charges, (c) the costs and expenses after July 21, 2006 related to employment of terminated employees, (d) costs or expenses realized in
connection with, resulting from or in anticipation of the Transactions or (e) costs or expenses realized in connection with or resulting from stock appreciation or similar rights, stock options or other rights existing on March 2, 2007
(i.e., the “closing date” under the Credit Agreement, when the Loans were originally made) of officers, directors and employees, in each case of such Person or any of its Restricted Subsidiaries, shall be excluded; 

(13) accruals and reserves that are established within 12 months after March 2, 2007 (i.e., the “closing
date” under the Credit Agreement, when the Loans were originally made) and that are so required to be established in accordance with GAAP shall be excluded; 

(14) solely for purposes of calculating EBITDA, (a) the Net Income of any Person and its Restricted Subsidiaries
shall be calculated without deducting the income attributable to, or adding the losses attributable to, the minority equity interests of third parties in any non-wholly-owned Restricted Subsidiary except to the extent of dividends declared or paid
in respect of such period or any prior period on the shares of Capital 

  
 9 

 
Stock of such Restricted Subsidiary held by such third parties and (b) any ordinary course dividend, distribution or other payment paid in cash and received from any Person in excess of
amounts included in clause (7) above shall be included; 
 (15)(a)(i) the non-cash portion of
“straight-line” rent expense shall be excluded and (ii) the cash portion of “straight-line” rent expense which exceeds the amount expensed in respect of such rent expense shall be included and (b) non-cash gains,
losses, income and expenses resulting from fair value accounting required by Statement of Financial Accounting Standards No. 133 shall be excluded; 
 (16) unrealized gains and losses relating to hedging transactions and mark-to-market of Indebtedness denominated in foreign currencies resulting from the applications of Financial Accounting Standards 52
shall be excluded; 
 (17) solely for the purpose of calculating Restricted Payments, the difference, if
positive, of the Consolidated Taxes of the Company calculated in accordance with GAAP and the actual Consolidated Taxes paid in cash by the Company during any Reference Period shall be included; and 

(18) amortization of original issue discount relating to the Loans shall be excluded. 

Notwithstanding the foregoing, for the purpose of Section 4.04 only, there shall be excluded from Consolidated Net Income any
dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries of the Company or a Restricted Subsidiary of the Company to the extent such dividends, repayments or transfers increase the amount of Restricted
Payments permitted under clauses (D) and (E) of the definition of “Cumulative Credit.” 
 “Consolidated
Non-cash Charges” means, with respect to any Person for any period, the aggregate depreciation, amortization and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person for such
period on a consolidated basis and otherwise determined in accordance with GAAP, but excluding any such charge which consists of or requires an accrual of, or cash reserve for, anticipated cash charges for any future period. 

“Consolidated Taxes” means provision for taxes based on income, profits or capital, including, without limitation, state,
franchise and similar taxes and any Tax Distributions taken into account in calculating Consolidated Net Income. 

“Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing any leases, dividends or
other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, 

  
 10 

 
whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent: 

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

(2) to advance or supply funds: 
 (a) for the purchase or payment of any such primary obligation; or 

(b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or
solvency of the primary obligor; or 
 (3) to purchase property, securities or services primarily for the purpose
of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 
 “Contribution Indebtedness” means Indebtedness of the Company or any Restricted Subsidiary in an aggregate principal amount not greater than twice the aggregate amount of cash contributions
(other than Excluded Contributions) made to the capital of the Company or such Restricted Subsidiary after March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made);
provided that: 
 (1) such cash contributions have not been used to make a Restricted Payment, 

(2) if the aggregate principal amount of such Contribution Indebtedness is greater than the aggregate amount of such cash
contributions to the capital of the Company or such Restricted Subsidiary, as the case may be, the amount in excess shall be Indebtedness (other than Secured Indebtedness) with a Stated Maturity later than the Stated Maturity of the Securities, and

 (3) such Contribution Indebtedness (a) is Incurred within 180 days after the making of such cash
contributions and (b) is so designated as Contribution Indebtedness pursuant to an Officers’ Certificate on the Incurrence date thereof. 
 “Credit Agreement” means the Credit Agreement dated as of March 2, 2007, among the Company, the lenders from time to time party thereto, Credit Suisse, as administrative agent for the
lenders thereunder and Banc of America Bridge LLC, as syndication agent, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated, replaced or refunded in whole or in part from time to time in accordance with the
terms thereof. 
 “Cumulative Credit” means the sum of (without duplication): 

  
 11 

 (A) 50% of the Consolidated Net Income of the Company for the period (taken
as one accounting period, the “Reference Period”) from July 1, 2006 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted
Payment (or, in the case such Consolidated Net Income for such period is a deficit, minus 100% of such deficit), plus 
 (B) 100% of the aggregate net proceeds, including cash and the Fair Market Value (as determined in accordance with the next succeeding sentence) of property other than cash, received by the Company after
July 21, 2006 from the issue or sale of Equity Interests of the Company (excluding Refunding Capital Stock, Designated Preferred Stock, Excluded Contributions, Disqualified Stock and the Cash Contribution Amount), including Equity Interests
issued upon conversion of Indebtedness or Disqualified Stock or upon exercise of warrants or options (other than an issuance or sale to a Restricted Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or
any of its Subsidiaries), plus 
 (C) 100% of the aggregate amount of contributions to the capital of the
Company received in cash and the Fair Market Value (as determined in accordance with the next succeeding sentence) of property other than cash after July 21, 2006 (other than Excluded Contributions, Refunding Capital Stock, Designated Preferred
Stock, Disqualified Stock and the Cash Contribution Amount), plus 
 (D) the principal amount of any
Indebtedness, or the liquidation preference or maximum fixed repurchase price, as the case may be, of any Disqualified Stock of the Company or any Restricted Subsidiary thereof issued after July 21, 2006 (other than Indebtedness or Disqualified
Stock issued to a Restricted Subsidiary) which has been converted into or exchanged for Equity Interests in the Company (other than Disqualified Stock) or any direct or indirect parent of the Company (provided in the case of any parent, such
Indebtedness or Disqualified Stock is retired or extinguished), plus 
 (E) 100% of the aggregate amount
received by the Company or any Restricted Subsidiary in cash and the Fair Market Value (as determined in accordance with the next succeeding sentence) of property other than cash received by the Company or any Restricted Subsidiary from: 

(I) the sale or other disposition (other than to the Company or a Restricted Subsidiary of the Company) of Restricted
Investments made by the Company and its Restricted Subsidiaries and from repurchases and redemptions of such Restricted Investments from the Company and its Restricted Subsidiaries by any Person (other than the Company or any of its Restricted
Subsidiaries) and from repayments of loans or advances which constituted Restricted Investments (other than in each case to the extent that the Restricted Investment was made pursuant to clause (vii) or (x) of Section 4.04(b)),

  
 12 

 (II) the sale (other than to the Company or a Restricted Subsidiary of the
Company) of the Capital Stock of an Unrestricted Subsidiary, or 
 (III) a distribution or dividend from an
Unrestricted Subsidiary, plus 
 (F) in the event any Unrestricted Subsidiary of the Company has been
redesignated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company, the Fair Market Value (as
determined in accordance with the next succeeding sentence) of the Investment of the Company in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable), after
taking into account any Indebtedness associated with the Unrestricted Subsidiary so designated or combined or any Indebtedness associated with the assets so transferred or conveyed (other than in each case to the extent that the designation of such
Subsidiary as an Unrestricted Subsidiary was made pursuant to clause (vii) or (x) of Section 4.04(b) or constituted a Permitted Investment). 
 The Fair Market Value of property other than cash covered by clauses (B), (C), (D), (E) and (F) of this definition of “Cumulative Credit” shall be determined in good faith by the
Company and 
 (x) in the event of property with a Fair Market Value in excess of $7.5 million, shall be set
forth in an Officers’ Certificate or 
 (y) in the event of property with a Fair Market Value in excess of
$15 million, shall be set forth in a resolution approved by at least a majority of the Board of Directors of the Company. 

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

“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 Sale that is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting forth the basis of such valuation, less the amount of Cash Equivalents received in
connection with a subsequent sale of such Designated Non-cash Consideration. 
 “Designated Preferred Stock” means
Preferred Stock of Opco or any direct or indirect parent of Opco, as applicable (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established
by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof. 

  
 13 

 “Determination Date” means, with respect to an Interest Period, the second London
Banking Day preceding the first day of such Interest Period. 
 “Disqualified Stock” means, with respect to any
Person, any Capital Stock of such Person which, by its terms (or by the terms of any security into which it is convertible or for which it is redeemable or exchangeable), or upon the happening of any event: 

(1) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than as a result of a
change of control or asset sale; provided that the relevant asset sale or change of control provisions, taken as a whole, are no more favorable in any material respect to holders of such Capital Stock than the asset sale and change of control
provisions applicable to the Securities and any purchase requirement triggered thereby may not become operative until compliance with the asset sale and change of control provisions applicable to the Securities (including the purchase of any
Securities tendered pursuant thereto)), 
 (2) is convertible or exchangeable for Indebtedness or Disqualified
Stock of such Person, or 
 (3) is redeemable at the option of the holder thereof, in whole or in part,

 in each case prior to 91 days after the maturity date of the Securities; provided, however, that only the portion of Capital
Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock; provided, further,
however, that if such Capital Stock is issued to any employee or to any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock
solely because it may be required to be repurchased by the Company in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability; provided, further, that any
class of Capital Stock of such Person that by its terms authorizes such Person to satisfy its obligations thereunder by delivery of Capital Stock that is not Disqualified Stock shall not be deemed to be Disqualified Stock. 

“Domestic Subsidiary” means a Restricted Subsidiary that is not a Foreign Subsidiary. 

“EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus,
without duplication, to the extent the same was deducted in calculating Consolidated Net Income: 
 (1)
Consolidated Taxes; plus 
 (2) Consolidated Interest Expense; plus 

  
 14 

 (3) Consolidated Non-cash Charges; plus 

(4) business optimization expenses and other restructuring charges or expenses (which, for the avoidance of doubt, shall
include, without limitation, the effect of inventory optimization programs, plant closures, retention, systems establishment costs and excess pension charges); provided that with respect to each business optimization expense or other
restructuring charge, the Company shall have delivered to the Trustee an Officers’ Certificate specifying and quantifying such expense or charge and stating that such expense or charge is a business optimization expense or other restructuring
charge, as the case may be; plus 
 (5) the amount of management, monitoring, consulting and advisory fees and
related expenses paid to the Sponsors (or any accruals relating to such fees and related expenses) during such period pursuant to the terms of the agreements between the Sponsors and the Company and its Subsidiaries as described with particularity
in the Opco Offering Circular and as in effect on March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made); 
 less, without duplication, 
 (6) non-cash items increasing
Consolidated Net Income for such period (excluding the recognition of deferred revenue or any items which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period and any items for which cash was
received in a prior period). 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to
acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“Event of Default” has the meaning assigned to such term in Section 6.01. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Exchange Date” means August 8, 2008, the date on which Loans originally issued under the Credit
Agreement are exchanged for Securities issued hereunder pursuant to Section 6.13(a) of the Credit Agreement. 

“Excluded Contributions” means the Cash Equivalents or other assets (valued at their Fair Market Value as determined in good
faith by senior management or the Board of Directors of the Company) received by the Company after July 21, 2006 from: 
 (1) contributions to its common equity capital, and 

  
 15 

 (2) the sale (other than to a Subsidiary of the Company or to any Subsidiary
management equity plan or stock option plan or any other management or employee benefit plan or agreement) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Company, 

and in each case that is designated as Excluded Contributions pursuant to an Officers’ Certificate on or promptly after the date such capital
contributions are made or the date such Capital Stock is sold, as the case may be. 
 “Fair Market Value” means, with
respect to any asset or property, the price which could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to
complete the transaction. 
 “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal
for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business
Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions received by the Company from
three Federal funds brokers of recognized standing selected by it in good faith (which brokers shall be the same brokers selected by the Administrative Agent under the Credit Agreement for so long as such agreement is in effect). 

“Financial Officer” of any Person means the Chief Financial Officer, principal accounting officer, Treasurer, Assistant
Treasurer or Controller of such Person. 
 “Fixed Charge Coverage Ratio” means, with respect to any Person for any
period, the ratio of EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the Company or any of its Restricted Subsidiaries Incurs, repays, repurchases or redeems any Indebtedness (other than
in the case of revolving credit borrowings or revolving advances under any Qualified Receivables Financing, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during the applicable period) or
issues, repurchases or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to the event for which the calculation of the Fixed Charge
Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or
redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period. 
 For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers, consolidations and discontinued operations (as determined in

  
 16 

 
accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes that the Company or any of its Restricted Subsidiaries has both determined to make
and made after July 21, 2006 and during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date (each, for purposes of this definition, a “pro forma
event”) shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, consolidations (including the Transactions) discontinued operations and operational changes (and the change of any
associated fixed charge obligations and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. 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 Investment, acquisition, disposition, merger, consolidation, discontinued operation or operational change, in each case with
respect to an operating unit of a business, that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition,
disposition, discontinued operation, merger, consolidation or operational change had occurred at the beginning of the applicable four-quarter period. 
 For purposes of this definition, whenever pro forma effect is to be given to any pro forma event, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of
the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Issuer as set forth in an Officers’ Certificate, to reflect (1) operating expense reductions and other
operating improvements or synergies reasonably expected to result from the applicable pro forma event (including, to the extent applicable, from the Transactions), and (2) all adjustments of the nature used in connection with the calculation of
“Adjusted EBITDA” as set forth in footnote 3 to the “Summary Historical and Unaudited Pro Forma Financial Data” under “Offering Circular Summary” in the Opco Offering Circular to the extent such adjustments, without
duplication, continue to be applicable to such four-quarter period. 
 If any Indebtedness bears a floating rate of interest and
is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to
such Indebtedness if such Hedging Obligation has a remaining term in excess of 12 months). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting
officer of the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility
computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or
similar rate, a eurocurrency interbank offered rate, or other 

  
 17 

 
rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 

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

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

(2) all cash dividend payments (excluding items eliminated in consolidation) on any series of Preferred Stock or
Disqualified Stock of such Person and its Restricted Subsidiaries. 
 “Foreign Subsidiary” means a Restricted
Subsidiary not organized or existing under the laws of the United States of America or any state or territory or the District of Columbia thereof and any direct or indirect subsidiary of such Restricted Subsidiary. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a
significant segment of the accounting profession, which were in effect on March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made). For the purposes of this Indenture, the term
“consolidated” with respect to any Person means such Person consolidated with its Restricted Subsidiaries, and shall not include any Unrestricted Subsidiary, but the interest of such Person in an Unrestricted Subsidiary will be accounted
for as an Investment. 
 “Governmental Authority” means any federal, state, local or foreign court or governmental
agency, authority, instrumentality, regulator or regulatory or legislative body. 
 “Guarantee” means any guarantee of
the obligations of the Company under this Indenture and the Securities by any Person in accordance with the provisions of this Indenture. 
 “Guarantor” means any Person that Incurs a Guarantee; provided that upon the release or discharge of such Person from its Guarantee in accordance with this Indenture,
such Person ceases to be a Guarantor. As of the date hereof there are no Guarantors, but Guarantors may be added in the future as provided in Section 4.11 and Article 11 hereof. 

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

(1) currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity cap
agreements and currency exchange, interest rate or commodity collar agreements; and 

  
 18 

 (2) other agreements or arrangements designed to protect such Person against
fluctuations in currency exchange, interest rates or commodity prices. 
 “Holder” or “Noteholder” means the
Person in whose name a Security is registered on the Registrar’s books. 
 “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, amalgamation, consolidation, acquisition
or otherwise) shall be deemed to be Incurred by such Person at the time it becomes a Subsidiary. 
 “Indebtedness”
means, with respect to any Person: 
 (1) the principal and premium (if any) of any indebtedness of such Person,
whether or not contingent, (a) in respect of borrowed money, (b) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement agreements in respect
thereof), (c) representing the deferred and unpaid purchase price of any property, except any such balance that constitutes a trade payable or similar obligation to a trade creditor due within six months from the date on which it is Incurred,
in each case Incurred in the ordinary course of business, which purchase price is due more than six months after the date of placing the property in service or taking delivery and title thereto, (d) in respect of Capitalized Lease Obligations,
or (e) representing any Hedging Obligations, if and to the extent that any of the foregoing indebtedness (other than letters of credit and Hedging Obligations) would appear as a liability on a balance sheet (excluding the footnotes thereto) of
such Person prepared in accordance with GAAP; 
 (2) to the extent not otherwise included, any obligation of such
Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the Indebtedness of another Person (other than by endorsement of negotiable instruments for collection in the ordinary course of business); 

(3) to the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset owned by such
Person (whether or not such Indebtedness is assumed by such Person); provided, however, that the amount of such Indebtedness will be the lesser of: (a) the Fair Market Value of such asset at such date of determination, and
(b) the amount of such Indebtedness of such other Person; and 
 (4) to the extent not otherwise included,
with respect to the Company and its Restricted Subsidiaries, the amount then outstanding (i.e., advanced, and received by, and available for use by, the Company or any of its Restricted Subsidiaries) under any Receivables Financing (as set
forth in the books and records of the Company or any Restricted Subsidiary and confirmed by the agent, trustee or other representative of the institution or group providing such Receivables Financing); 

  
 19 

 provided, however, that notwithstanding the foregoing, Indebtedness shall be deemed not to
include (1) Contingent Obligations incurred in the ordinary course of business and not in respect of borrowed money; (2) deferred or prepaid revenues; (3) purchase price holdbacks in respect of a portion of the purchase price of an
asset to satisfy warranty or other unperformed obligations of the respective seller; (4) Obligations under or in respect of Qualified Receivables Financing or (5) obligations under the Acquisition Documents. 

Notwithstanding anything in this Indenture to the contrary, Indebtedness shall not include, and shall be calculated without giving effect
to, the effects of Statement of Financial Accounting Standards No. 133 and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Indenture as a result of
accounting for any embedded derivatives created by the terms of such Indebtedness; and any such amounts that would have constituted Indebtedness under this Indenture but for the application of this sentence shall not be deemed an Incurrence of
Indebtedness under this Indenture. 
 “Indenture” means this Indenture as amended or supplemented from time to time.

 “Independent Financial Advisor” means an accounting, appraisal or investment banking firm or consultant, in each
case of nationally recognized standing, that is, in the good faith determination of the Company, qualified to perform the task for which it has been engaged. 
 “Interest Election” has the meaning assigned to such term in Section 1(a) of the Form of Original Security attached hereto as Exhibit A. 

“Interest Payment Date” means March 1 and September 1 of each year, commencing with the first March 1 or
September 1 to occur after the Exchange Date. 
 “Interest Period” means the period commencing on and including
an Interest Payment Date and ending on and including the day immediately preceding the next succeeding Interest Payment Date, with the exception that the first Interest Period shall commence on and include the Exchange Date and the payment due on
that first Interest Payment Date shall include all accrued and unpaid interest on the Loans that were exchanged for the Securities together with all interest accrued on the Securities after the Exchange Date to and including the day immediately
preceding such Interest Payment Date. 
 “Investment Grade Securities” means: 

(1) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality
thereof (other than Cash Equivalents), 
 (2) securities that have a rating equal to or higher than Baa3 (or
equivalent) by Moody’s or BBB- (or equivalent) by S&P, or an equivalent rating by any other Rating 

  
 20 

 
Agency, but excluding any debt securities or loans or advances between and among the Company and its Subsidiaries; 

(3) investments in any fund that invests exclusively in investments of the type described in clauses (1) and
(2) which fund may also hold immaterial amounts of cash pending investment and/or distribution, and 
 (4)
corresponding instruments in countries other than the United States customarily utilized for high quality investments and in each case with maturities not exceeding two years from the date of acquisition. 

“Investments” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the
form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit and advances to customers and commission, travel and similar advances to officers, employees and consultants made in the ordinary
course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by GAAP to be classified on the balance sheet of the Company in
the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property. For purposes of the definition of “Unrestricted Subsidiary” and Section 4.04:

 (1) “Investments” shall include the portion (proportionate to the Company’s equity interest in
such Subsidiary) of the Fair Market Value of the net assets of a 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 equal to an amount (if positive) equal to: 

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

(b) 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 
 (2) 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 by the Board of Directors of the Company. 

“Issuer” means the Company, but not any of its Subsidiaries. 

“Jacuzzi Acquisition Documents” means the Jacuzzi Merger Agreement and any other document entered into in connection therewith,
in each case as amended, supplemented or modified from time to time prior to February 7, 2007 or thereafter (so long as any amendment, 

  
 21 

 
supplement or modification after February 7, 2007, together with all other amendments, supplements and modifications after February 7, 2007, taken as a whole, is not more
disadvantageous to the lenders of the Loans in any material respect than the Jacuzzi Merger Agreement as in effect on February 7, 2007). 
 “Jacuzzi Merger Agreement” means the purchase agreement, dated as of October 11, 2006, by and among Opco and Jupiter Acquisition, LLC, a Delaware limited liability company, as amended,
supplemented or modified from time to time prior to February 7, 2007 or thereafter (so long as any amendment, supplement or modification after February 7, 2007, together with all other amendments, supplements and modifications after
February 7, 2007, taken as a whole, is not more disadvantageous to the lenders of the Loans in any material respect than the Jacuzzi Merger Agreement as in effect on February 7, 2007). 

“Jacuzzi Transactions” means, collectively, (i) the merger of Jupiter Merger Sub, Inc. with and into
Jacuzzi Brands, Inc. and the payment of merger consideration in connection therewith, (ii) the sale of the bath products business of Jacuzzi Brands, Inc. to Bath Acquisition Corp., (iii) the contribution of the stock of Jacuzzi Brands,
Inc. to Opco, (iv) the tender offer by Jacuzzi Brands, Inc. for all of its outstanding 9 5/8% Senior Secured Notes due 2010, (v) the offering of the Additional Opco 2014 Senior Notes and Opco 2016 Senior Notes, (vi) borrowings made pursuant to the Opco Credit Agreement and
(vii) the payment of fees and expenses in relation to the foregoing, each of which occurred on or about February 7, 2007. 
 “LIBOR” means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period beginning on the second London Banking Day after the Determination
Date that appears on Page 3750 of the Telerate Service (or on any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to these currently provided or on such page of
such service, as determined by the Administrative Agent (or by the Company if the Credit Agreement is no longer in effect) for purposes of providing quotation of interest rates applicable to Dollar deposits in the London interbank market) as of
11:00 a.m., London time, on the Determination Date. If Telerate Page 3750 does not include this rate or is unavailable on the Determination Date, the Administrative Agent (or the Company if the Credit Agreement is no longer in effect) shall obtain
such rate from Bloomberg’s page “BBAM.” If neither Telerate Page 3750 nor Bloomberg L.P. page “BBAM” includes such rate, the Administrative Agent (or the Company if the Credit Agreement is no longer in effect) shall request
the principal London office of each of four major banks in the London interbank market, as selected by the Administrative Agent (or by the Company if the Credit Agreement is no longer in effect), to provide that bank’s offered quotation
(expressed as a percentage per annum) as of approximately 11:00 a.m., London time, on the Determination Date to prime banks in the London interbank market for deposits in a Representative Amount in United States dollars for a three-month period
beginning on the second London Banking Day after the Determination Date. If at least two offered quotations are so provided, LIBOR for the Interest Period shall be the arithmetic mean of those quotations. If fewer than two quotations are so
provided, the Administrative Agent (or the Company if the 

  
 22 

 
Credit Agreement is no longer in effect) shall request each of three major banks in New York City, as selected by the Administrative Agent (or the Company if the Credit Agreement is no longer in
effect), to provide that bank’s rate (expressed as a percentage per annum), as of approximately 11:00 a.m., New York City time, on the Determination Date for loans in a Representative Amount in United States dollars to leading European banks
for a three-month period beginning on the second London Banking Day after the Determination Date. If at least two rates are so provided, LIBOR for the Interest Period shall be the arithmetic mean of those rates. If fewer than two rates are so
provided, then LIBOR for the Interest Period shall be LIBOR in effect with respect to the immediately preceding Interest Period. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise
perfected under applicable law (including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any
financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction); provided that in no event shall an operating lease be deemed to constitute a Lien. 

“Loans” means any loan made by any lender under the Credit Agreement pursuant to Section 2.01 thereof;
provided, however, that other than as set forth in Section 2.01(a) of the Credit Agreement, any references to “Loan” means 100% of the principal amount at maturity of the commitments outstanding at such time;
provided, further, that any references to “Loan” shall also include any increases in principal amount of loans as a result of a payment of PIK Interest on the Loans pursuant to Section 2.08 of the Credit Agreement.

 “London Banking Day” means any day in which dealings in United States dollars are transacted or, with respect to
any future date, are expected to be transacted in the London interbank market. 
 “Management Group” means the group
consisting of the directors, executive officers and other management personnel of the Company or any direct or indirect parent of the Company, as the case may be, on March 2, 2007 (i.e., the “closing date” under the Credit
Agreement, when the Loans were originally made) together with (1) any new directors whose election by such boards of directors or whose nomination for election by the shareholders of the Company or any direct or indirect parent of the Company,
as applicable, was approved by a vote of a majority of the directors of the Company or any direct or indirect parent of the Company, as applicable, then still in office who were either directors on March 2, 2007 or whose election or nomination
was previously so approved and (2) executive officers and other management personnel of the Company or any direct or indirect parent of the Company, as applicable, hired at a time when the directors on March 2, 2007 together with the
directors so approved constituted a majority of the directors of the Company or any direct or indirect parent of the Company, as applicable. 

  
 23 

 “Moody’s” means Moody’s Investors Service, Inc. or any successor to the
rating agency business thereof. 
 “Net Income” means, with respect to any Person, the net income (loss) of such
Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. 
 “Net
Proceeds” means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received in respect of or upon the sale or other disposition of any
Designated Non-cash Consideration received in any Asset Sale and 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 the
assumption by the acquiring Person of Indebtedness relating to the disposed assets or other consideration received in any other non-cash form), net of the direct costs relating to such Asset Sale and the sale or disposition of such Designated
Non-cash Consideration (including, without limitation, legal, accounting and investment banking fees, and brokerage and sales commissions), and any relocation expenses Incurred as a result thereof, taxes paid or payable as a result thereof (after
taking into account any available tax credits or deductions and any tax sharing arrangements related thereto), amounts required to be applied to the repayment of principal, premium (if any) and interest on Indebtedness required (other than pursuant
to Section 4.06(b)(i)) to be paid as a result of such transaction, and any deduction of appropriate amounts to be provided by the Company as a reserve in accordance with GAAP against any liabilities associated with the asset disposed of
in such transaction and retained by the Company after such sale or other disposition thereof, including, without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any
indemnification obligations associated with such transaction. 
 “Obligations” means any principal, interest,
penalties, fees, indemnifications, reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities payable under the documentation governing any
Indebtedness; provided that Obligations with respect to the Securities shall not include fees or indemnifications in favor of the Trustee and other third parties other than the Holders of the Securities. 

“Offer Period” has the meaning assigned to such term in Section 4.06(d). 

“Officer” means the Chairman of the Board of Directors, Chief Executive Officer, Chief Financial Officer, President, any
Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of the Company. 

“Officers’ Certificate” means a certificate signed on behalf of the Company by two Officers of the Company, one of whom
must be the principal executive officer, the principal 

  
 24 

 
financial officer, the treasurer or the principal accounting officer of the Company that meets the requirements set forth in this Indenture. 

“Opco” means RBS Global, Inc., a Delaware corporation, and its successors. 

“Opco Credit Agreement” means (i) the credit agreement, dated as of July 21, 2006, among the Chase Acquisition I,
Inc., Opco, Rexnord, the financial institutions party thereto, and Credit Suisse (as successor-in-interest to Merrill Lynch Capital Corporation), as administrative agent, as amended, restated, supplemented, waived, replaced (whether or not upon
termination, and whether with the original lenders or otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time, including any agreement or indenture extending the maturity thereof, refinancing, replacing or
otherwise restructuring all or any portion of the Indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued
thereunder or altering the maturity thereof, and (ii) whether or not the credit agreement referred to in clause (i) remains outstanding, if designated by the Company to be included in the definition of “Opco Credit Agreement,”
one or more (A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from
lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or
(C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated,
replaced or refunded in whole or in part from time to time. 
 “Opco Credit Documents” means the collective reference
to the Opco Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise
modified from time to time. 
 “Opco Indentures” means the indentures governing the Opco Notes, as amended,
supplemented or modified from time to time. 
 “Opco Notes” means (i) the Opco 2014 Senior Notes, (ii) the
Opco 2016 Senior Notes and (iii) the Opco Subordinated Notes. 
 “Opco Offering Circular” means, collectively,
(i) the final offering circular, dated July 14, 2006, related to the Original Opco 2014 Senior Notes and the Opco Subordinated Notes and (ii) the final offering circular, dated January 31, 2007 related to the Additional Opco 2014
Senior Notes and the Opco 2016 Senior Notes. 
 “Opco Subordinated Notes” means Opco’s and
Rexnord’s 11 3/4% Senior Subordinated Notes due
2016. 

  
 25 

 “Opco 2014 Senior Notes” means Opco’s and Rexnord’s
9 1/2% Senior Notes due 2014, including the
Additional Opco 2014 Senior Notes. 
 “Opco 2016 Senior Notes” means Opco’s and
Rexnord’s 8 7/8% Senior Notes due 2016.

 “Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The
counsel may be an employee of or counsel to the Company or the Trustee. 
 “Original Opco 2014 Senior Notes” means
$485.0 million in aggregate principal amount of Opco 2014 Senior Notes, issued on July 21, 2006. 
 “Pari Passu
Indebtedness” means: 
 (1) with respect to the Company, the Loans, the Securities and any Indebtedness
which ranks pari passu in right of payment to the Securities; and 
 (2) with respect to any Guarantor, its
Guarantee and any Indebtedness which ranks pari passu in right of payment to such Guarantor’s Guarantee. 
 “Partial
PIK Interest” has the meaning assigned to such term in Section 1 of the Securities, the form of which is attached hereto as Exhibit A. 
 “Permitted Holders” means, at any time, each of (i) the Sponsors and (ii) the Management Group. Any person or group whose acquisition of beneficial ownership constitutes a Change of
Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture will thereafter, together with its Affiliates, constitute an additional Permitted Holder. 

“Permitted Investments” means: 
 (1) any Investment in the Company or any Restricted Subsidiary; 

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

(3) any Investment by the Company or any Restricted Subsidiary of the Company in a Person if as a result of such
Investment (a) such Person becomes a Restricted Subsidiary of the Company, or (b) such Person, in one transaction or a series of related transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys all or
substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 

  
 26 

 (4) any Investment in securities or other assets not constituting Cash
Equivalents and received in connection with an Asset Sale made pursuant to the provisions of Section 4.06 or any other disposition of assets not constituting an Asset Sale; 

(5) any Investment existing on, or made pursuant to binding commitments existing on, March 2, 2007 (i.e., the
“closing date” under the Credit Agreement, when the Loans were originally made); 
 (6) advances to
employees not in excess of $15 million outstanding at any one time in the aggregate; 
 (7) any Investment
acquired by the Company or any of its Restricted Subsidiaries (a) in exchange for any other Investment or accounts receivable held by the Company or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout,
reorganization or recapitalization of the issuer of such other Investment or accounts receivable, or (b) as a result of a foreclosure by the Company or any of its Restricted Subsidiaries with respect to any secured Investment or other transfer
of title with respect to any secured Investment in default; 
 (8) Hedging Obligations permitted under
Section 4.03(b)(x); 
 (9) any Investment by the Company or any of its Restricted Subsidiaries in a
Similar Business having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (9) that are at that time outstanding, not to exceed the greater of (x) $100.0 million and (y) 4.5% of
Total Assets at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to
this clause (9) is made in any Person that is not a Restricted Subsidiary of the Company at the date of the making of such Investment and such Person becomes a Restricted Subsidiary of the Company after such date, such Investment shall
thereafter be deemed to have been made pursuant to clause (1) above and shall cease to have been made pursuant to this clause (9) for so long as such Person continues to be a Restricted Subsidiary; 

(10) additional Investments by the Company or any of its Restricted Subsidiaries having an aggregate Fair Market Value,
taken together with all other Investments made pursuant to this clause (10) that are at that time outstanding, not to exceed the greater of (x) $100.0 million and (y) 4.5% 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); 

  
 27 

 (11) loans and advances to officers, directors and employees for
business-related travel expenses, moving expenses and other similar expenses, in each case Incurred in the ordinary course of business; 
 (12) Investments the payment for which consists of Equity Interests of the Company (other than Disqualified Stock) or any direct or indirect parent of the Company, as applicable; provided,
however, that such Equity Interests will not increase the amount available for Restricted Payments under clause (C) of the definition of “Cumulative Credit”; 

(13) any transaction to the extent it constitutes an Investment that is permitted by and made in accordance with the
provisions of Section 4.07(b) (except transactions described in clauses (ii), (vi), (vii) and (xi)(b) of such Section); 
 (14) Investments consisting of the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons; 

(15) guarantees issued in accordance with Sections 4.03 and 4.11; 

(16) Investments consisting of purchases and acquisitions of inventory, supplies, materials and equipment or purchases of
contract rights or licenses or leases of intellectual property, in each case in the ordinary course of business; 

(17) any Investment in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person in
connection with a Qualified Receivables Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such Qualified Receivables Financing or any related Indebtedness; provided, however,
that any Investment in a Receivables Subsidiary is in the form of a Purchase Money Note, contribution of additional receivables or an equity interest; 
 (18) additional Investments in joint ventures of the Company or any of its Restricted Subsidiaries existing on March 2, 2007 not to exceed $15 million at any one time; and 

(19) Investments of a Restricted Subsidiary of the Company acquired after March 2, 2007 (i.e., the
“closing date” under the Credit Agreement, when the Loans were originally made) or of an entity merged into, amalgamated with, or consolidated with a Restricted Subsidiary of the Company in a transaction that is not prohibited by
Section 5.01 after March 2, 2007 to the extent that such Investments were not made in contemplation of such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger,
amalgamation or consolidation. 
 “Permitted Liens” means, with respect to any Person: 

  
 28 

 (1) 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 of cash or U.S. government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case
Incurred in the ordinary course of business; 
 (2) Liens imposed by law, such as carriers’,
warehousemen’s and mechanics’ Liens, in each case for sums not yet due or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person
shall then be proceeding with an appeal or other proceedings for review; 
 (3) Liens for taxes, assessments or
other governmental charges not yet due or payable or subject to penalties for nonpayment or which are being contested in good faith by appropriate proceedings; 
 (4) Liens in favor of issuers of performance and surety bonds or bid bonds or with respect to other regulatory requirements or letters of credit issued pursuant to the request of and for the account of
such Person in the ordinary course of its business; 
 (5) minor survey exceptions, minor encumbrances, 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 were not Incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or materially impair
their use in the operation of the business of such Person; 
 (6)(A) Liens on assets of a Restricted Subsidiary
that is not a Guarantor securing Indebtedness of such Restricted Subsidiary, permitted to be Incurred pursuant to Section 4.03, (B) Liens securing an aggregate principal amount of Pari Passu Indebtedness not to exceed the greater of
(x) the aggregate amount of Pari Passu Indebtedness permitted to be incurred pursuant to clause (i) of Section 4.03(b) and (y) the maximum principal amount of Indebtedness that, as of the date such Indebtedness was
Incurred, and after giving effect to the Incurrence of such Indebtedness and the application of proceeds therefrom on such date, would not cause the Secured Indebtedness Leverage Ratio of the Company to exceed 4.00 to 1.00, and (C) Liens
securing Indebtedness permitted to be Incurred pursuant to clause (iv), (xii) or (xx) of Section 4.03(b); 

  
 29 

 (7) Liens existing on March 2, 2007 (i.e., the “closing
date” under the Credit Agreement, when the Loans were originally made); 
 (8) Liens on assets, property or
shares of stock of a Person at the time such Person becomes a Subsidiary; provided, however, that such Liens are not created or Incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary;
provided, further, however, that such Liens may not extend to any other property owned by the Company; 
 (9) Liens on assets or property at the time the Company or a Restricted Subsidiary of the Company acquired the assets or property, including any acquisition by means of a merger, amalgamation or
consolidation with or into the Company or any Restricted Subsidiary of the Company; provided, however, that such Liens are not created or Incurred in connection with, or in contemplation of, such acquisition; provided,
further, however, that the Liens may not extend to any other property owned by the Company; 
 (10)
Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Company or another Restricted Subsidiary of the Company permitted to be Incurred in accordance with Section 4.03; 

(11) Liens securing Hedging Obligations not incurred in violation of this Indenture; provided that with respect to
Hedging Obligations relating to Indebtedness, such Lien extends only to the property securing such Indebtedness; 

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

(13) 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; 
 (14) 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; 
 (15) Liens in favor of the Company or any Restricted Subsidiary; 

(16) Liens on accounts receivable and related assets of the type specified in the definition of “Receivables
Financing” Incurred in connection with a Qualified Receivables Financing; 

  
 30 

 (17) deposits made in the ordinary course of business to secure liability to
insurance carriers; 
 (18) Liens on the Equity Interests of Unrestricted Subsidiaries; 

(19) grants of software and other technology licenses in the ordinary course of business; 

(20) Liens to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancings,
refundings, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (6)(B), (7), (8), (9), (10), (11) and (15); provided, however, that
(x) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property), and (y) the Indebtedness secured by such Lien at such time is not increased to any amount greater
than the sum of (A) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clauses (6)(B), (7), (8), (9), (10), (11) and (15) at the time the original Lien became a Permitted Lien under
this Indenture, and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension, renewal or replacement; 

(21) Liens on equipment of the Company or any Restricted Subsidiary granted in the ordinary course of business to the
Company’s or such Restricted Subsidiary’s client at which such equipment is located; and 
 (22)
judgment and attachment Liens not giving rise to an Event of Default and notices of lis pendens and associated rights related to litigation being contested in good faith by appropriate proceedings and for which adequate reserves have been
made; 
 (23) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the
sale of goods entered into in the ordinary course of business; 
 (24) Liens incurred to secure cash management
services in the ordinary course of business; 
 (25) other Liens securing obligations incurred in the ordinary
course of business which obligations do not exceed $20 million at any one time outstanding; and 
 (26) Liens
pursuant to the Security Documents (as defined in the Opco Credit Agreement). 
 “Person” or “person” means
any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

  
 31 

 “PIK Interest” has the meaning set forth in Section 1 of the Securities, the
form of which is attached hereto as Exhibit A. 
 “PIK Notes” means Securities issued in payment of PIK
Interest or Partial PIK Interest after the date of this Indenture. 
 “Preferred Stock” means any Equity Interest with
preferential right of payment of dividends or upon liquidation, dissolution, or winding up. 
 “Purchase Money Note”
means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may be irrevocable, from the Company or any Subsidiary of the Company to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note
is intended to finance that portion of the purchase price that is not paid by cash or a contribution of equity. 

“Qualified Receivables Financing” means any Receivables Financing of a Receivables Subsidiary that meets the following
conditions: 
 (1) the Board of Directors of the Company shall have determined in good faith that such Qualified
Receivables Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Company and the Receivables Subsidiary; 

(2) all sales of accounts receivable and related assets to the Receivables Subsidiary are made at Fair Market Value (as
determined in good faith by the Company); and 
 (3) the financing terms, covenants, termination events and other
provisions thereof shall be market terms (as determined in good faith by the Company) and may include Standard Securitization Undertakings. 
 The grant of a security interest in any accounts receivable of the Company or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) to secure Bank Indebtedness shall not be deemed a
Qualified Receivables Financing. 
 “Rating Agency” means (1) each of Moody’s and S&P and (2) if
Moody’s or S&P ceases to rate the Securities for reasons outside of the Issuer’s control, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act
selected by the Issuer or any direct or indirect parent of the Issuer as a replacement agency for Moody’s or S&P, as the case may be. 
 “Receivables Fees” means distributions or payments made directly or by means of discounts with respect to any participation interests issued or sold in connection with, and all

  
 32 

 
other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Financing. 
 “Receivables Financing” 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 Subsidiary (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 Subsidiary), 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 and any Hedging Obligations entered into by the Company or any such Subsidiary in connection with such accounts receivable. 

“Receivables Repurchase Obligation” means any obligation of a seller of receivables in a Qualified Receivables Financing to
repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any
kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 

“Receivables Subsidiary” means a Wholly Owned Restricted Subsidiary of the Company (or another Person formed for the purposes
of engaging in Qualified Receivables Financing with the Company 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 of the Company and its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other assets relating thereto, and any
business or activities incidental or related to such business, and which is designated by the Board of Directors of the Company (as provided below) as a Receivables Subsidiary and: 

(a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by
the Company or any other 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 other 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 other Subsidiary of the Company, directly or indirectly, contingently
or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; 

  
 33 

 (b) with which neither the Company nor any other Subsidiary of the Company
has any material contract, agreement, arrangement or understanding other than on terms which the Company reasonably believes to be 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; and 
 (c) to which neither the Company nor any other 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. 
 “Reference Period” has the meaning assigned to such term under clause (A) of the definition of “Cumulative Credit.” 

“Refinancing Indebtedness” has the meaning assigned to such term in Section 4.03(b)(xiv). 

“Refunding Capital Stock” has the meaning assigned to such term in Section 4.04(b)(ii)(A). 

“Representative Amount” means a principal amount that is not less than $1.0 million for a single transaction in the relevant
market at the relevant time. 
 “Restricted Investment” means an Investment other than a Permitted Investment.

 “Restricted Payments” has the meaning assigned to such term in Section 4.04(a). 

“Restricted Subsidiary” means, with respect to any Person, any Subsidiary of such Person other than an Unrestricted Subsidiary
of such Person. Unless otherwise indicated in this Indenture, all references to Restricted Subsidiaries means Restricted Subsidiaries of the Company. 
 “Retired Capital Stock” has the meaning assigned to such term in Section 4.04(b)(ii)(A). 
 “Rexnord” means Rexnord LLC, a Delaware limited liability company, and its successors. 
 “S&P” means Standard & Poor’s Ratings Group or any successor to the rating agency business thereof. 

  
 34 

 “Sale and Lease-Back Transaction” means an arrangement relating to property now
owned or hereafter acquired by the Company or a Restricted Subsidiary whereby the Company or a 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 Restricted Subsidiary of the Company or between Restricted Subsidiaries of the Company. 

“SEC” means the Securities and Exchange Commission. 
 “Secured Indebtedness” means any Indebtedness secured by a Lien. 

“Secured Indebtedness Leverage Ratio” means, with respect to any Person at any date, the ratio of (i) Secured Indebtedness
of such Person and its Restricted Subsidiaries as of such date (determined on a consolidated basis in accordance with GAAP) to (ii) EBITDA of such Person for the four full fiscal quarters for which internal financial statements are available
immediately preceding such date. In the event that the Company or any of its Restricted Subsidiaries Incurs or redeems any Indebtedness subsequent to the commencement of the period for which the Secured Indebtedness Leverage Ratio is being
calculated but prior to the event for which the calculation of the Secured Indebtedness Leverage Ratio is made (the “Secured Leverage Calculation Date”), then the Secured Indebtedness Leverage Ratio shall be calculated giving pro forma
effect to such Incurrence or redemption of Indebtedness as if the same had occurred at the beginning of the applicable four-quarter period; provided that the Issuer may elect, pursuant to an Officers’ Certificate delivered to the Trustee, that
all or any portion of the commitment under any Secured Indebtedness as being Incurred at the time such commitment is entered into and any subsequent Incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this
calculation, to be the creation or Incurrence of a Lien at such subsequent time. 
 For purposes of making the computation
referred to above, Investments, acquisitions, dispositions, mergers, consolidations and discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes that
the Company or any of its Restricted Subsidiaries has both determined to make and made after July 21, 2006 and during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Secured
Leverage Calculation Date (each, for purposes of this definition, a “pro forma event”) shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, consolidations (including the
Transactions), discontinued operations and other operational changes (and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. 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 Investment, acquisition, disposition, merger, consolidation, discontinued
operation or operational change, in each case with respect to an operating unit of a business, that would have required adjustment pursuant to this definition, then the Secured Indebtedness Leverage Ratio shall be calculated giving pro

  
 35 

 
forma effect thereto for such period as if such Investment, acquisition, disposition, discontinued operation, merger, consolidation or operational change had occurred at the beginning of the
applicable four-quarter period. 
 For purposes of this definition, whenever pro forma effect is to be given to any pro forma
event, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the
Company as set forth in an Officers’ Certificate, to reflect (1) operating expense reductions and other operating improvements or synergies reasonably expected to result from the applicable pro forma event (including, to the extent
applicable, from the Transactions), and (2) all adjustments of the nature used in connection with the calculation of “Adjusted EBITDA” as set forth in footnote 3 to the “Summary Historical and Unaudited Pro Forma Financial
Data” under “Summary” in the Opco Offering Circular to the extent such adjustments, without duplication, continue to be applicable to such four-quarter period. 
 “Secured Leverage Calculation Date” has the meaning assigned to such term in the definition of “Secured Indebtedness Leverage Ratio.” 

“Securities” means the securities issued under this Indenture. 

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

 “Significant Subsidiary” means Rexnord and any other Restricted Subsidiary that would be a “Significant
Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 
 “Similar
Business” means a business, the majority of whose revenues are derived from the activities of the Company and its Subsidiaries as of March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were
originally made) or any business or activity that is reasonably similar thereto or a reasonable extension, development or expansion thereof or ancillary thereto. 
 “Special Mandatory Redemption” has the meaning assigned to such term in Section 3.09. 
 “Sponsors” means (1) one or more investment funds controlled by Apollo Management, L.P. and its Affiliates (collectively, the “Apollo Sponsors”) and (2) any Person
that forms a group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) with any Apollo Sponsors, provided that any Apollo Sponsor (x) owns a majority of the voting power
and (y) controls a majority of the Board of Directors of the Company. 

  
 36 

 “Standard Securitization Undertakings” means representations, warranties,
covenants, indemnities and guarantees of performance entered into by the Company or any Subsidiary of the Company which the Company has determined in good faith to be customary in a Receivables Financing including without limitation, those relating
to the servicing of the assets of a Receivables Subsidiary, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 

“Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which the final
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). 
 “Statutory Reserves” means
a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board of Governors of the Federal Reserve System of the United States of America (the “Board of Governors”) and any other banking authority, domestic or foreign, to which the Trustee or any
Holder (including any branch, Affiliate, or other fronting office holding a Security) is subject for Eurocurrency Liabilities (as defined in Regulation D of the Board of Governors on the date of the determination). Such reserve percentages shall
include those imposed pursuant to such Regulation D. A Security that is not bearing interest at the ABR plus the Applicable Margin shall be deemed to constitute Eurocurrency Liabilities and to be subject to such reserve requirements without benefit
of or credit for proration, exemptions or offsets that may be available from time to time to any Holder under such Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve
percentage. 
 “Subordinated Indebtedness” means (a) with respect to the Issuer, any Indebtedness of the Issuer
which is by its terms subordinated in right of payment to the Loans and the Securities, and (b) with respect to any Guarantor, any Indebtedness of such Guarantor which is by its terms subordinated in right of payment to its Guarantee.

 “Subsidiary” means, with respect to any Person, (1) any corporation, association or other business entity
(other than a partnership, joint venture or limited liability company) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors,
managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof, and (2) any partnership, joint venture or
limited liability company of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general and limited partnership interests, as applicable, are owned or controlled, directly or indirectly,
by such 

  
 37 

 
Person or one or more of the other Subsidiaries of that Person or a combination thereof, whether in the form of membership, general, special or limited partnership interests or otherwise, and
(y) such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity. 

“Tax Distributions” means any distributions described in Section 4.04(b)(xii). 

“Taxes” means any and all present or future taxes, levies, imposts, duties (including stamp duties), deductions, charges
(including ad valorem charges) or withholdings imposed by any Governmental Authority and any and all interest and penalties related thereto. 
 “TIA” means the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect on the date of this Indenture. 

“Total Assets” means the total consolidated assets of the Company and its Restricted Subsidiaries, as shown on the most recent
balance sheet of the Company. 
 “Transactions” means, collectively the Apollo Transactions and the Jacuzzi
Transactions. 
 “Trust Officer” means: 

(1) any officer within the corporate trust department of the Trustee, including any vice president, assistant vice
president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any
corporate trust matter is referred because of such Person’s knowledge of and familiarity with the particular subject, and 
 (2) who shall have direct responsibility for the administration of this Indenture. 

“Trustee” means the party named as such in this Indenture until a successor replaces it and, thereafter, means the successor.

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

“Unrestricted Subsidiary” means: 
 (1) any Subsidiary of the Company that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors of such Person in the manner provided below; and 

  
 38 

 (2) any Subsidiary of an Unrestricted Subsidiary. 

The Board of Directors of the Company may designate any Subsidiary of the Company (including any newly acquired or newly formed
Subsidiary of the Company) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, the Company or any other Subsidiary of the
Company that is not a Subsidiary of the Subsidiary to be so designated; provided, however, that the Subsidiary to be so designated and its Subsidiaries do not at the time of designation have and do not thereafter Incur any Indebtedness
pursuant to which the lender has recourse to any of the assets of the Company or any of its Restricted Subsidiaries; provided, further, however, that either: 

(a) the Subsidiary to be so designated has total consolidated assets of $1,000 or less; or 

(b) if such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under
Section 4.04. 
 The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a Restricted
Subsidiary; provided, however, that immediately after giving effect to such designation: 
 (x)(1)
the Company could Incur $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.03(a) or (2) the Fixed Charge Coverage Ratio for the Company and its Restricted Subsidiaries would be greater
than such ratio for the Company and its Restricted Subsidiaries immediately prior to such designation, in each case on a pro forma basis taking into account such designation, and 

(y) no Event of Default shall have occurred and be continuing. 

Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by promptly filing with the Trustee a
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 provisions. 

“U.S. Government Obligations” means securities that are: 

(1) direct obligations of the United States of America for the timely payment of which its full faith and credit is
pledged, or 
 (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States of America, the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, 

  
 39 

 which, in each case, are not callable or redeemable at the option of the issuer thereof, and
shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such U.S. Government Obligations or a specific payment of principal of or interest on any such U.S.
Government Obligations held by such custodian for the account of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of
such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government Obligations evidenced by such depository receipt. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the
election of the Board of Directors of such Person. 
 “Weighted Average Life to Maturity” means, when applied to any
Indebtedness or Disqualified Stock, as the case may be, at any date, the quotient obtained by dividing (1) the sum of the products of the number of years from the date of determination to the date of each successive scheduled principal payment
of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock multiplied by the amount of such payment, by (2) the sum of all such payments. 

“Wholly Owned Restricted Subsidiary” is any Wholly Owned Subsidiary that is a Restricted Subsidiary. 

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

SECTION 1.02 Other Definitions. 
  

					
	 Term
	  	Defined in
Section	 
	 “Bankruptcy Law”
	  	 	6.01	  
	 “covenant defeasance option”
	  	 	8.01	(c) 
	 “Custodian”
	  	 	6.01	  
	 “Definitive Security”
	  	 	Appendix A	  
	 “Depository”
	  	 	Appendix A	  

  
 40 

					
	 Term
	  	Defined in
Section	 
	 “Euroclear”
	  	 	Appendix A	  
		
	 “Excess Proceeds”
	  	 	4.06	(b) 
		
	 “Global Securities Legend”
	  	 	Appendix A	  
		
	 “Guaranteed Obligations”
	  	 	11.01	(a) 
		
	 “IAI”
	  	 	Appendix A	  
		
	 “incorporated provision”
	  	 	13.01	  
		
	 “legal defeasance option”
	  	 	8.01	  
		
	 “Notice of Default”
	  	 	6.01	  
		
	 “Original Securities”
	  	 	Preamble	  
		
	 “Paying Agent”
	  	 	2.04	(a) 
		
	 “protected purchaser”
	  	 	2.08	  
		
	 “QIB”
	  	 	Appendix A	  
		
	 “Registrar”
	  	 	2.04	(a) 
		
	 “Regulation S”
	  	 	Appendix A	  
		
	 “Regulation S Securities”
	  	 	Appendix A	  
		
	 “Restricted Period”
	  	 	Appendix A	  
		
	 “Restricted Securities Legend”
	  	 	Appendix A	  
		
	 “Rule 501”
	  	 	Appendix A	  
		
	 “Rule 144A”
	  	 	Appendix A	  
		
	 “Rule 144A Securities”
	  	 	Appendix A	  
		
	 “Securities Custodian”
	  	 	Appendix A	  

  
 41 

					
	 Term
	  	 Defined

in Section
	 
	 “Successor Company”
	  	 	5.01	(a) 
		
	 “Successor Guarantor”
	  	 	5.01	(b) 
		
	 “Transfer”
	  	 	5.01	(b) 
		
	 “Transfer Restricted Securities”
	  	 	Appendix A	  
		
	 “Unrestricted Definitive Security
	  	 	Appendix A	  

 SECTION 1.03
Incorporation by Reference of Trust Indenture Act. This Indenture incorporates by reference certain provisions of the TIA. The following TIA terms have the following meanings: 

“Commission” means the SEC. 
 “indenture securities” means the Securities and the Guarantees (if any). 

“indenture security holder” means a Holder. 
 “indenture to be qualified” means this Indenture. 
 “indenture
trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means
the Company, the Guarantors (if any) and any other obligor on the Securities. 
 All other TIA terms used in this Indenture that
are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions. 
 SECTION 1.04 Rules of Construction. Unless the context otherwise requires: 

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

  
 42 

 (d) “including” means including without limitation; 

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

(f) unsecured Indebtedness shall not be deemed to be subordinate or junior to Secured Indebtedness merely by virtue of its nature as
unsecured Indebtedness; 
 (g) the principal amount of any non-interest 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; 
 (h) 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; 
 (i) unless otherwise specified herein, all accounting terms used
herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP; and 

(j) “$” and “U.S. Dollars” each refer to United States dollars, or such other money of the United States of America
that at the time of payment is legal tender for payment of public and private debts. 
 ARTICLE 2 

THE SECURITIES 
 SECTION 2.01 Amount of Securities. The aggregate principal amount of Original Securities which may be authenticated and delivered under this Indenture on the Exchange Date is $460,778,527.00. All
Securities shall be substantially identical except as to denomination. Unless the context otherwise requires, for all purposes of this Indenture and the Securities, reference to the Securities includes any PIK Notes actually issued and reference to
the “principal amount” of the Securities includes any increase in the principal amount of the outstanding Securities (including PIK Notes) as a result of a payment of PIK Interest or Partial PIK Interest. 

The Company may from time to time after the Exchange Date issue Additional Securities under this Indenture in an unlimited principal
amount, so long as (i) the Incurrence of the Indebtedness represented by such Additional Securities is at such time permitted by Section 4.03 and (ii) such Additional Securities are issued in compliance with the other applicable
provisions of this Indenture. With respect to any Additional Securities issued after the Exchange Date (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities pursuant
to Section 2.07, 2.08, 2.09, 2.10, 3.06, 

  
 43 

 
4.06(g), 4.08(c) or the Appendix and except for PIK Notes), there shall be (a) established in or pursuant to a resolution of the Board of Directors and (b) (i) set forth or
determined in the manner provided in an Officers’ Certificate or (ii) established in one or more indentures supplemental hereto, prior to the issuance of such Additional Securities: 

(1) the aggregate principal amount of such Additional Securities which may be authenticated and delivered under this
Indenture; 
 (2) the issue price and issuance date of such Additional Securities, including the date from which
interest on such Additional Securities shall accrue; and 
 (3) if applicable, that such Additional Securities
shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the respective depositaries for such Global Securities, the form of any legend or legends which shall be borne by such Global Securities in
addition to or in lieu of those set forth in Exhibit A hereto and any circumstances in addition to or in lieu of those set forth in Section 2.2 of the Appendix in which any such Global Security may be exchanged in whole or in part for
Additional Securities registered, or any transfer of such Global Security in whole or in part may be registered, in the name or names of Persons other than the depositary for such Global Security or a nominee thereof. 

If any of the terms of any Additional Securities are established by action taken pursuant to a resolution of the Board of Directors, a
copy of an appropriate record of such action shall be certified by the Secretary or any Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate and the indenture supplemental
hereto setting forth the terms of the Additional Securities. 
 The Securities, including any Additional Securities, shall be
treated as a single class for all purposes under this Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase. 
 SECTION 2.02 Form and Dating. 
 Provisions relating to the Securities are
set forth in the Appendix, which is hereby incorporated in and expressly made a part of this Indenture. The (i) Original Securities and the Trustee’s certificate of authentication and (ii) any Additional Securities and the
Trustee’s certificate of authentication shall each be substantially in the form of Exhibit A hereto, which is hereby incorporated in and expressly made a part of this Indenture. The Securities may have notations, legends or endorsements
required by law, stock exchange rule, agreements to which the Company or any Guarantor is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company). Each Security shall be dated
the date of its authentication. The Securities shall be issuable only in registered form without interest coupons and in minimum denominations of $2,000 and integral multiples of $1.00 (rounded up to the nearest whole dollar) and the increase in the
principal amount of Global Notes 

  
 44 

 
as a result of a PIK Payment may be made in integral multiples of $1.00 (rounded up to the nearest whole dollar). 
 SECTION 2.03 Execution and Authentication. 
 The Trustee shall authenticate
and make available for delivery upon a written order of the Issuer in the form of an Officers’ Certificate (a) Original Securities for original issue on the date hereof in an aggregate principal amount of $460,778,527.00, and
(b) subject to the terms of this Indenture, Additional Securities in an aggregate principal amount to be determined at the time of issuance and specified therein. Such order shall specify the amount of the Securities to be authenticated and the
date on which the original issue of Securities is to be authenticated. Notwithstanding anything to the contrary in the Indenture or the Appendix, any issuance of Additional Securities after the Exchange Date shall be in a principal amount of at
least $2,000 and any integral multiples of $1,000 in excess of $2,000, except that PIK Notes may be issued in minimum denominations of $1.00 (rounded up to the nearest whole dollar). 

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

If an Officer whose signature is on a Security no longer holds that office at the time the Trustee authenticates the Security, the
Security shall be valid nevertheless. 
 A Security shall not be valid until an authorized signatory of the Trustee manually
signs the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee may appoint one or more authenticating agents reasonably acceptable to the Issuer to authenticate the Securities. Any such appointment shall be evidenced by an instrument signed by a Trust
Officer, a copy of which shall be furnished to the Issuer. Unless limited by the terms of such appointment, an authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the
Trustee includes authentication by such agent. An authenticating agent has the same rights as any Registrar, Paying Agent or agent for service of notices and demands. 
 SECTION 2.04 Registrar and Paying Agent. 
 (a) The Company shall maintain
(i) an office or agency where Securities may be presented for registration of transfer or for exchange (the “Registrar”) and (ii) an office or agency where Securities may be presented for payment (the “Paying
Agent”). The Registrar shall keep a register of the Securities and of their transfer and exchange. The Company may have one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any
co-registrars. The term “Paying Agent” includes the Paying Agent and any additional paying agents. The Company initially appoints the Trustee as Registrar, Paying Agent and the Securities Custodian with respect to the Global Securities.

  
 45 

 (b) The Company may enter into an appropriate agency agreement with any Registrar or Paying
Agent not a party to this Indenture, which shall incorporate the terms of the TIA. The agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address of any such
agent. If the Company fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07. The Company or any of its domestically organized
Wholly Owned Subsidiaries may act as Paying Agent or Registrar. 
 (c) The Company may remove any Registrar or Paying Agent upon
written notice to such Registrar or Paying Agent and to the Trustee; provided, however, that no such removal shall become effective until (i) if applicable, acceptance of an appointment by a successor as evidenced by an
appropriate agreement entered into by the Company and such successor Registrar or Paying Agent, as the case may be, and delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until
the appointment of a successor in accordance with clause (i) above. The Registrar or Paying Agent may resign at any time upon written notice to the Company and the Trustee; provided, however, that the Trustee may resign as Paying
Agent or Registrar only if the Trustee also resigns as Trustee in accordance with Section 7.08. 
 SECTION 2.05
Paying Agent to Hold Money in Trust. 
 At least one Business Day prior to each due date of the principal of and interest
on any Security, the Company shall deposit with each Paying Agent (or if the Company or a Wholly Owned Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such
principal and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that a Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by a Paying Agent
for the payment of principal of and interest on the Securities, and shall notify the Trustee of any default by the Company in making any such payment. If the Company or a Wholly Owned Subsidiary of the Company acts as Paying Agent, it shall
segregate the money held by it as Paying Agent and hold it in trust for the benefit of the Persons entitled thereto. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed
by such Paying Agent. Upon complying with this Section, a Paying Agent shall have no further liability for the money delivered to the Trustee. 
 SECTION 2.06 Holder Lists. 
 The Trustee shall preserve in as current a
form as is reasonably practicable the most recent list available to it of the names and addresses of Holders. If the Trustee is not the Registrar, the Company shall furnish, or cause the Registrar to furnish, to the Trustee, in writing at least five
Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders. 

  
 46 

 SECTION 2.07 Transfer and Exchange. 

The Securities shall be issued in registered form and shall be transferable only upon the surrender of a Security for registration of
transfer and in compliance with the Appendix. When a Security is presented to the Registrar with a request to register a transfer, the Registrar shall register the transfer as requested if its requirements therefor are met. When Securities are
presented to the Registrar with a request to exchange them for an equal principal amount of Securities of other denominations, the Registrar shall make the exchange as requested if the same requirements are met. To permit registration of transfers
and exchanges, the Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request. The Company may require payment of a sum sufficient to pay all taxes, assessments or other governmental charges in connection
with any transfer or exchange pursuant to this Section. The Company shall not be required to make, and the Registrar need not register, transfers or exchanges of Securities selected for redemption (except, in the case of Securities to be redeemed in
part, the portion thereof not to be redeemed) or of any Securities for a period of 15 days before a selection of Securities to be redeemed. 
 Prior to the due presentation for registration of transfer of any Security, the Company, the Guarantors (if any), the Trustee, the Paying Agent and the Registrar may deem and treat the Person in whose
name a Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and interest, if any, on such Security and for all other purposes whatsoever, whether or not such Security is overdue, and none
of the Company, any Guarantor, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

Any Holder of a beneficial interest in a Global Security shall, by acceptance of such beneficial interest, agree that transfers of
beneficial interests in such Global Security may be effected only through a book-entry system maintained by (a) the Holder of such Global Security (or its agent) or (b) any Holder of a beneficial interest in such Global Security, and that
ownership of a beneficial interest in such Global Security shall be required to be reflected in a book entry. 
 All Securities
issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Securities surrendered upon such transfer or exchange. 

SECTION 2.08 Replacement Securities. 
 If a mutilated Security is surrendered to the Registrar or if the Holder of a Security claims that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall
authenticate a replacement Security if the requirements of Section 8-405 of the Uniform Commercial Code are met, such that the Holder (a) satisfies the Company or the Trustee within a reasonable time after such Holder has notice of such
loss, destruction or 

  
 47 

 
wrongful taking and the Registrar does not register a transfer prior to receiving such notification, (b) makes such request to the Company or the Trustee prior to the Security being acquired
by a protected purchaser as defined in Section 8-303 of the Uniform Commercial Code (a “protected purchaser”) and (c) satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the Company,
such Holder shall furnish an indemnity bond sufficient in the judgment of the Trustee or the Company to protect the Company, the Trustee, a Paying Agent and the Registrar from any loss that any of them may suffer if a Security is replaced. The
Company and the Trustee may charge the Holder for their expenses in replacing a Security (including without limitation, attorneys’ fees and disbursements in replacing such Security). In the event any such mutilated, lost, destroyed or
wrongfully taken Security has become or is about to become due and payable, the Company in its discretion may pay such Security instead of issuing a new Security in replacement thereof. 

Every replacement Security is an additional obligation of the Company. 

The provisions of this Section 2.08 are exclusive and shall preclude (to the extent lawful) all other rights and remedies
with respect to the replacement or payment of mutilated, lost, destroyed or wrongfully taken Securities. 
 SECTION 2.09
Outstanding Securities. 
 Securities outstanding at any time are all Securities authenticated by the Trustee except for
those canceled by it, those delivered to it for cancellation and those described in this Section as not outstanding. Subject to Section 13.06, a Security does not cease to be outstanding because the Company or an Affiliate of the Company
holds the Security. 
 If a Security is replaced pursuant to Section 2.08 (other than a mutilated Security
surrendered for replacement), it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a protected purchaser. A mutilated Security ceases to be outstanding upon surrender
of such Security and replacement thereof pursuant to Section 2.08. 
 If a Paying Agent segregates and holds in
trust, in accordance with this Indenture, on a redemption date or maturity date money sufficient to pay all principal and interest payable on that date with respect to the Securities (or portions thereof) to be redeemed or maturing, as the case may
be, and no Paying Agent is prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture, then on and after that date such Securities (or portions thereof) cease to be outstanding and interest on them ceases
to accrue. 
 SECTION 2.10 Temporary Securities. 

In the event that Definitive Securities are to be issued under the terms of this Indenture, until such Definitive Securities are ready
for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially 

  
 48 

 
in the form of Definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee
shall authenticate Definitive Securities and make them available for delivery in exchange for temporary Securities upon surrender of such temporary Securities at the office or agency of the Company, without charge to the Holder. Until such exchange,
temporary Securities shall be entitled to the same rights, benefits and privileges as Definitive Securities. 
 SECTION 2.11
Cancellation. 
 The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and each
Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Securities surrendered for registration of transfer, exchange, payment or
cancellation and shall dispose of canceled Securities in accordance with its customary procedures. The Company may not issue new Securities to replace Securities it has redeemed, paid or delivered to the Trustee for cancellation. The Trustee shall
not authenticate Securities in place of canceled Securities other than pursuant to the terms of this Indenture. 
 SECTION 2.12
Defaulted Interest. 
 If all or a portion of (i) the principal amount of any Security or
(ii) any interest payable thereon shall not be paid when due (whether at the Stated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is (x) in the case of overdue principal, the rate
that would otherwise be applicable thereto plus 2% or (y) in the case of any overdue interest, to the extent permitted by applicable law, the then-effective rate plus 2% from and including the date of such non-payment to but
excluding the date on which such amount is paid in full (after as well as before judgment). The Company shall pay the defaulted interest in any lawful manner. The Company may pay the defaulted interest to the Persons who are Holders on a subsequent
special record date. A special record date, as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a
Business Day. At least 15 days before the subsequent special record date, the Company shall mail to each Holder and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be
paid. 
 SECTION 2.13 CUSIP Numbers, ISINs, etc. 

The Issuer in issuing the Securities may use CUSIP numbers, ISINs and “Common Code” numbers (if then generally in use) and, if
so, the Trustee shall use CUSIP numbers, ISINs and “Common Code” numbers in notices of redemption as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the
correctness of such numbers, either as printed on the Securities or as contained in any notice of a redemption that reliance may be placed only on the other identification numbers printed on 

  
 49 

 
the Securities and that any such redemption shall not be affected by any defect in or omission of such numbers. The Issuer shall advise the Trustee of any change in the CUSIP numbers, ISINs and
“Common Code” numbers. 
 SECTION 2.14 Calculation of Principal Amount of Securities. 

The aggregate principal amount of the Securities, at any date of determination, shall be the principal amount of the Securities at such
date of determination and if an Interest Election to pay PIK Interest or Partial PIK Interest is then in effect, after giving effect to any PIK Interest or Partial PIK Interest that would be due and payable as PIK Notes or as an increase in the
principal amount of the Securities if the applicable Interest Payment Date was such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the Holders of a specified percentage of the principal
amount of all the Securities, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Securities, the Holders of which have so consented, by
(b) the aggregate principal amount, as of such date of determination, of the Securities then outstanding, in each case, as determined in accordance with the preceding sentence, Section 2.09 and Section 13.06 of this Indenture. Any
such calculation made pursuant to this Section 2.14 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate. 
 SECTION 2.15 Interest. 
 The Interest payable on the Securities shall be
calculated as provided in Section 1 of the Securities, the form of which is attached hereto as Exhibit A. Upon receipt of any oral or written notice from the Administrative Agent in respect of ABR, the Company shall promptly provide a
copy or summary of such notice to the Trustee. 
 SECTION 2.16 Increased Costs, Illegality, etc. 

(a) In the event that (x) in the case of clause (i) below, the Trustee or (y) in the case of clauses (ii) and
(iii) below, any Holder shall have reasonably determined (which determination shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto): 

(i) on any date for determining the Adjusted LIBOR for any Interest Period that (x) deposits in the principal amounts
of the Securities are not generally available in the relevant market or (y) by reason of any changes arising on or after March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally
made) affecting the interbank LIBOR market, adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of LIBOR; or 

(ii) at any time, that such Holder shall incur increased costs or reductions in the amounts received or receivable
hereunder with respect to any 

  
 50 

 
Securities (other than any such increase or reduction attributable to Taxes) because of (x) any change since March 2, 2007 (i.e., the “closing date” under the Credit
Agreement, when the Loans were originally made) in any applicable law, governmental rule, regulation, guideline or order (or in the interpretation or administration thereof and including the introduction of any new law or governmental rule,
regulation, guideline or order), such as, for example, without limitation, a change in official reserve requirements, and/or (y) other circumstances affecting the interbank LIBOR market or the position of such Holder in such market; or

 (iii) at any time, that the ownership or continuance of any Security has become unlawful by compliance by such
Holder in good faith with any law, governmental rule, regulation, guideline or order (or would conflict with any such governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not
be unlawful), or has become impracticable as a result of a contingency occurring after March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made) that materially and adversely
affects the interbank LIBOR market; 
 then, and in any such event, such Holder (or the Trustee, in the case of clause (i) above) shall
within a reasonable time thereafter give notice (if by telephone, confirmed in writing) to the Company and the Trustee of such determination (which notice the Trustee shall promptly transmit to each Holder). Thereafter (x) in the event that the
Trustee determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBOR for any Interest Period, or the Trustee is advised by any Holder that such Holder
is unable to continue to own a Security accruing interest at the Adjusted LIBOR, then the Trustee shall give notice thereof to the Company and the Holders by telephone or telecopy as promptly as practicable thereafter and, until the Trustee notifies
the Company and the Holders that the circumstances giving rise to such notice no longer exist, the Securities will accrue interest until the maturity date of the Securities at ABR plus the Applicable Margin, (y) in the case of clause
(ii) above, the Company shall pay to such Holder, promptly after receipt of written demand therefor such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Holder in its
reasonable discretion shall determine) as shall be required to compensate such Holder for such increased costs or reductions in amounts receivable hereunder (it being agreed that a written notice as to the additional amounts owed to such Holder,
showing in reasonable detail the basis for the calculation thereof, submitted to the Company by such Holder shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto) and (z) in the case of clause
(iii) above, the Company shall take the action specified in Section 2.16(b) as promptly as possible and, in any event, within the time period required by law. 
 (b) At any time that any Security is affected by the circumstances described in Section 2.16(a)(ii) or (iii), the Holder may (and in the case of a Security affected pursuant to

  
 51 

 
Section 2.16(a)(iii) shall), upon at least three Business Days’ notice to the Trustee, require that the affected Security bear interest at a rate equal to the ABR plus the
Applicable Margin, in each case, through and including the date immediately prior to the next Interest Payment Date; provided that if more than one Holder is affected at any time, then all affected Holders must be treated in the same manner
pursuant to this Section 2.16(b); provided, further, that if the circumstances described in Section 2.16(a)(ii) or (iii) shall cease to exist, then interest shall resume being calculated pursuant to
Section 1(b) of the Securities. 
 (c) If, after March 2, 2007 (i.e., the “closing date” under the
Credit Agreement, when the Loans were originally made), the adoption of any applicable law, rule or regulation regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any governmental
authority, the National Association of Insurance Commissioners, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by a Holder or its parent with any request or directive made or adopted after
March 2, 2007 regarding capital adequacy (whether or not having the force of law) of any such authority, association, central bank or comparable agency, has or would have the effect of reducing the rate of return on such Holder’s or its
parent’s or its Affiliate’s capital or assets as a consequence of such Holder’s ownership of any Securities to a level below that which such Holder or its parent or its Affiliate could have achieved but for such adoption,
effectiveness, change or compliance (taking into consideration such Holder’s or its parent’s policies with respect to capital adequacy), then from time to time, promptly after demand by such Holder (with a copy to the Trustee), the Company
shall pay to such Holder such additional amount or amounts as will compensate such Holder or its parent for such reduction, it being understood and agreed, however, that a Holder shall not be entitled to such compensation as a result of such
Holder’s compliance with, or pursuant to any request or directive to comply with, any such law, rule or regulation as in effect on March 2, 2007. Each Holder, upon determining in good faith that any additional amounts will be payable
pursuant to this Section 2.16(c), will give prompt written notice thereof to the Company which notice shall set forth in reasonable detail the basis of the calculation of such additional amounts, although the failure to give any such
notice shall not, release or diminish the Company’s obligations to pay additional amounts pursuant to this Section 2.16(c) upon receipt of such notice. 
 (d) It is understood that this Section 2.16 shall not apply to Taxes. 

ARTICLE 3 

REDEMPTION 

SECTION 3.01 Redemption. 
 The Securities may be redeemed, in whole, or from time to time in part, subject to the conditions and at the redemption prices set forth in Paragraph 5 of the form of Original

  
 52 

 
Security set forth in Exhibit A hereto, which is hereby incorporated by reference and made a part of this Indenture, together with accrued and unpaid interest to the redemption date. 

SECTION 3.02 Applicability of Article. 
 Redemption of Securities at the election of the Company or otherwise, as permitted or required by any provision of this Indenture, shall be made in accordance with such provision and this Article.

 SECTION 3.03 Notices to Trustee. 
 If the Company elects to redeem Securities pursuant to the optional redemption provisions of Paragraph 5 of the Security, it shall notify the Trustee in writing of (i) the Section of this Indenture
pursuant to which the redemption shall occur, (ii) the redemption date, (iii) the principal amount of Securities to be redeemed and (iv) the redemption price. The Company shall give notice to the Trustee provided for in this paragraph
at least 30 days but not more than 60 days before a redemption date if the redemption is pursuant to Paragraph 5 of the Security, unless a shorter period is acceptable to the Trustee. Such notice shall be accompanied by an Officers’ Certificate
and Opinion of Counsel from the Company to the effect that such redemption will comply with the conditions herein. If fewer than all the Securities are to be redeemed, the record date relating to such redemption shall be selected by the Company and
given to the Trustee, which record date shall be not fewer than 15 days after the date of notice to the Trustee. Any such notice may be canceled at any time prior to notice of such redemption being mailed to any Holder and shall thereby be void and
of no effect. 
 SECTION 3.04 Selection of Securities to Be Redeemed. 

In the case of any partial redemption, selection of the Securities for redemption will be made by the Trustee on a pro rata basis to the
extent practicable; provided that no Securities of $2,000 or less shall be redeemed in part. The Trustee shall make the selection from outstanding Securities not previously called for redemption. The Trustee may select for redemption portions
of the principal of Securities that have denominations larger than $2,000. Portions of any Securities that the Trustee selects shall be in amounts of $2,000 or any integral multiple of $1,000, provided that PIK Notes may also be redeemed in
multiples of $1.00. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities called for redemption. The Trustee shall notify the Company promptly of the Securities or portions of Securities to
be redeemed. 
 SECTION 3.05 Notice of Optional Redemption. 

(a) At least 30 days but not more than 60 days before a redemption date pursuant to Paragraph 5 of the Security, the Company shall mail
or cause to be mailed by first-class mail a notice of redemption to each Holder whose Securities are to be redeemed. 

  
 53 

 Any such notice shall identify the Securities to be redeemed and shall state: 

(i) the redemption date; 
 (ii) the redemption price and the amount of accrued interest to the redemption date; 
 (iii) the name and address of the Paying Agent; 
 (iv) that
Securities called for redemption must be surrendered to the Paying Agent to collect the redemption price, plus accrued interest; 
 (v) if fewer than all the outstanding Securities are to be redeemed, the certificate numbers and principal amounts of the particular Securities to be redeemed, the aggregate principal amount of Securities
to be redeemed and the aggregate principal amount of Securities to be outstanding after such partial redemption; 

(vi) that, unless the Company defaults in making such redemption payment or the Paying Agent is prohibited from making
such payment pursuant to the terms of this Indenture, interest on Securities (or portion thereof) called for redemption ceases to accrue on and after the redemption date; 

(vii) the CUSIP number, ISIN and/or “Common Code” number, if any, printed on the Securities being redeemed; and

 (viii) that no representation is made as to the correctness or accuracy of the CUSIP number or ISIN and/or
“Common Code” number, if any, listed in such notice or printed on the Securities. 
 (b) At the Company’s
request, the Trustee shall give the notice of redemption in the Company’s name and at the Company’s expense. In such event, the Company shall provide the Trustee with the information required by this Section at least 15 days (or such
shorter period as the Trustee may approve) prior to the date such notice is to be provided to Holders and such notice may not be canceled. 
 SECTION 3.06 Effect of Notice of Redemption. 
 Once notice of redemption is
mailed in accordance with Section 3.05, Securities called for redemption become due and payable on the redemption date and at the redemption price stated in the notice, except as provided in the final sentence of paragraph 5 of the Securities.
Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price stated in the notice, plus accrued interest, to, but not including, the redemption date; provided, however, that if the redemption date is after
a regular record date and on or prior to the 

  
 54 

 
interest payment date, the accrued interest shall be payable to the Holder of the redeemed Securities registered on the relevant record date. Failure to give notice or any defect in the notice to
any Holder shall not affect the validity of the notice to any other Holder. 
 SECTION 3.07 Deposit of Redemption Price.

 With respect to any Securities, prior to 10:00 a.m., New York City time, on the redemption date, the Company shall deposit
with the Paying Agent (or, if the Company or a Wholly Owned Subsidiary is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the redemption price of and accrued interest on all Securities or portions thereof to be redeemed
on that date other than Securities or portions of Securities called for redemption that have been delivered by the Company to the Trustee for cancellation. On and after the redemption date, interest shall cease to accrue on Securities or portions
thereof called for redemption so long as the Company has deposited with the Paying Agent funds sufficient to pay the principal of, plus accrued and unpaid interest on, the Securities to be redeemed, unless the Paying Agent is prohibited from making
such payment pursuant to the terms of this Indenture. 
 SECTION 3.08 Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Company shall execute and the Trustee shall authenticate for the Holder (at
the Company’s expense) a new Security equal in principal amount to the unredeemed portion of the Security surrendered 

SECTION 3.09 Special Mandatory Redemption.  
 If the aggregate amount which would be includible in gross income for federal income tax purposes with respect to the Securities before the close of any “accrual period” (as defined in Treasury
Regulation Section Reg. 1.1272-1(b)(1)(ii)) ending after five (5) years from March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made) (the “Aggregate
Inclusion”) exceeds an amount equal to the sum of (x) the aggregate amount of interest to be paid in cash with respect to the Securities before the close of such accrual period and (y) the product of the issue price of the
Securities (as determined under Section 1273(b) of the Code) multiplied by the yield to maturity of the Securities (as determined for purposes of applying Section 163(i) of the Code) (the sum of (x) and (y), the “Adjusted
Actual Payment”), the Company shall, before the close of such accrual period (i.e., an accrual period ending after March 2, 2012), make a mandatory redemption (any such redemption a “Special Mandatory Redemption”) of a
portion of the Securities, to the extent that the Aggregate Inclusion as of such time exceeds the Adjusted Actual Payment, and for each subsequent “accrual period” in determining the aggregate amount of interest which has been paid in cash
under clause (x) of this sentence prior to the close of such accrual period, such Special Mandatory Redemption shall be treated as an amount of interest which has been paid in cash (within the meaning of Section 163(i) of the Code) on the
Securities. Such mandatory redemption will be applied pro rata against and reduce the principal amount of the Securities 

  
 55 

 
outstanding at such time. The Holders and the Company intend that the Special Mandatory Redemptions be sufficient to result in the Securities being treated as not having “significant
original issue discount” within the meaning of Section 163(i)(2) of the Code, and this paragraph shall be interpreted in a manner consistent with such intent. 
 ARTICLE 4 
 COVENANTS 

SECTION 4.01 Payment of Securities. 
 (a) The Company agrees that it shall promptly pay the principal of and interest on the Securities on the dates and in the manner provided in the Securities and in this Indenture. An installment of
principal of or interest on the Securities shall be considered paid on the date due if on such date the Trustee or the Paying Agent holds as of 12:00 p.m. Eastern time money sufficient to pay all principal and interest then due and the Trustee or
the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. 
 (b) The Company shall pay interest on overdue principal and interest at the rate specified therefor in Section 1 of the Securities. 

SECTION 4.02 Reports and Other Information. 
 (a) The Company shall post to its primary external website, within 15 days after the time the Company would otherwise be required to file such information with the SEC if it were subject to
Section 13 or 15(d) of the Exchange Act, 
 (i) annual reports on Form 10-K (or any successor or comparable
form) containing the information required to be filed therein (or required in such successor or comparable form), 
 (ii) quarterly reports on Form 10-Q (or any successor or comparable form) containing the information required to be filed therein (or required in such successor or comparable form), 

(iii) promptly from time to time after the occurrence of an event required to be therein reported (and in any event within
the time period specified in the SEC’s rules and regulations), such other reports on Form 8-K (or any successor or comparable form), and 
 (iv) any other information, documents and other reports which the Company would be required to file with the SEC if it were subject to Section 13 or 15(d) of the Exchange Act. 

  
 56 

 (b) In the event that: 

(i) the rules and regulations of the SEC permit the Company and any direct or indirect parent of the Company to report at
such parent entity’s level on a consolidated basis and 
 (ii) such parent entity of the Company is not
engaged in any business in any material respect other than incidental to its ownership, directly or indirectly, of the capital stock of the Company, 
 such consolidated reporting at such parent entity’s level in a manner consistent with that described in this Section 4.02 for the Company shall satisfy this Section 4.02.

 (c) The Company shall make such information available to Holders and potential investors by posting the foregoing reports to
its primary external website. The Company shall furnish to the Holders of the Securities and to prospective investors, upon their request, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 

Notwithstanding the foregoing, the Company will be deemed to have furnished such reports referred to above to the Trustee and the Holders
if the Company has filed such reports with the SEC via the EDGAR filing system and such reports are publicly available. 
 In
the event that any direct or indirect parent of the Company guarantees the Securities, the Company may satisfy its obligations under this Section 4.02 with respect to financial information relating to the Company by furnishing financial
information relating to such direct or indirect parent; provided that the same is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to such direct or indirect parent
and any of its Subsidiaries other than the Company and its Subsidiaries, on the one hand, and the information relating to the Company and the Subsidiaries of the Company on a standalone basis, on the other hand. 

SECTION 4.03 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. 

(a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness
(including Acquired Indebtedness) or issue any shares of Disqualified Stock; and the Company shall not permit any of its Restricted Subsidiaries to issue any shares of Preferred Stock; provided, however, that (i) the Company and any
Restricted Subsidiary (other than Opco or any Restricted Subsidiary of Opco) may Incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock and any Restricted Subsidiary (other than Opco or any Restricted Subsidiary
of Opco) may issue shares of Preferred Stock, in each case if the Fixed Charge Coverage Ratio of the Company for the most recently ended four full fiscal quarters for which internal financial statements are available

  
 57 

 
immediately preceding the date on which such additional Indebtedness is Incurred or such Disqualified Stock or Preferred Stock is issued would have been at least 1.75 to 1.00 and (ii) Opco
and any Restricted Subsidiary of Opco may Incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock or Preferred Stock, in each case if the Fixed Charge Coverage Ratio of Opco for the most recently ended four full
fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is Incurred or such Disqualified Stock or Preferred Stock is issued would have been at least 2.00 to 1.00, in
the case of each of clauses (i) and (ii), determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been Incurred, or the Disqualified Stock or Preferred Stock had
been issued, as the case may be, and the application of proceeds therefrom had occurred at the beginning of such four-quarter period. 
 (b) The limitations set forth in Section 4.03(a) shall not apply to: 
 (i) the Incurrence by the Company or its Restricted Subsidiaries of Indebtedness under the Opco Credit Agreement and the issuance and creation of letters of credit and bankers’ acceptances thereunder
(with letters of credit and bankers’ acceptances being deemed to have a principal amount equal to the face amount thereof) up to an aggregate principal amount of $1,005.0 million outstanding at any one time; 

(ii) the Incurrence by the Company of the Loans outstanding on March 2, 2007 and the Original Securities, including
the PIK Interest under such Loans and the Original Securities (but not including any Additional Securities other than PIK Notes); 
 (iii) Indebtedness existing on March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made) (other than Indebtedness described in clauses
(i) and (ii) of this Section 4.03(b)), including, without limitation, the Indebtedness outstanding under the Opco Notes; 
 (iv)(1) Indebtedness (including Capitalized Lease Obligations) Incurred by the Company or any of its Restricted Subsidiaries, Disqualified Stock issued by the Company or any of its Restricted Subsidiaries
and Preferred Stock issued by any Restricted Subsidiaries of the Company to finance (whether prior to or within 270 days after) the purchase, lease, construction or improvement of property (real or personal) or equipment (whether through the direct
purchase of assets or the Capital Stock of any Person owning such assets (but no other material assets)) and (2) Acquired Indebtedness; in an aggregate principal amount which, when aggregated with the principal amount of all other Indebtedness,
Disqualified Stock and Preferred Stock then outstanding that was Incurred 

  
 58 

 
pursuant to this clause (iv), does not exceed the greater of $75.0 million and 4.0% of Total Assets at the time of Incurrence; 

(v) Indebtedness Incurred by the Company or any of its Restricted Subsidiaries constituting reimbursement obligations with
respect to letters of credit and bank guarantees issued in the ordinary course of business, including without limitation letters of credit in respect of workers’ compensation claims, health, disability or other benefits to employees or former
employees or their families or property, casualty or liability insurance or self-insurance, or other Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation claims; 

(vi) Indebtedness arising from agreements of the Company or a Restricted Subsidiary providing for indemnification,
adjustment of purchase price or similar obligations, in each case Incurred in connection with the Transactions or any other acquisition or disposition of any business, assets or a Subsidiary of the Company in accordance with the terms of the
Indenture, other than guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Subsidiary for the purpose of financing such acquisition; 

(vii) Indebtedness of the Company to a Restricted Subsidiary; provided that any such Indebtedness is subordinated
in right of payment to the obligations of the Company under the Securities; provided, further, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a
Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to be an Incurrence of such Indebtedness; 

(viii) shares of Preferred Stock of a Restricted Subsidiary issued to the Company or another Restricted Subsidiary;
provided that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary that holds such shares of Preferred Stock of another Restricted Subsidiary ceasing to be a Restricted
Subsidiary or any other subsequent transfer of any such shares of Preferred Stock (except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to be an issuance of shares of Preferred Stock; 

(ix) Indebtedness of a Restricted Subsidiary to the Company or another Restricted Subsidiary; provided that any
subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary holding such Indebtedness ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to
the Company or another 

  
 59 

 
Restricted Subsidiary) shall be deemed, in each case, to be an Incurrence of such Indebtedness; 
 (x) Hedging Obligations that are not incurred for speculative purposes and either (1) for the purpose of fixing or hedging interest rate risk with respect to any Indebtedness that is permitted by the
terms of this Indenture to be outstanding; (2) for the purpose of fixing or hedging currency exchange rate risk with respect to any currency exchanges; or (3) for the purpose of fixing or hedging commodity price risk with respect to any
commodity purchases or sales; 
 (xi) obligations (including reimbursement obligations with respect to letters of
credit and bank guarantees) in respect of performance, bid, appeal and surety bonds and completion guarantees provided by the Company or any Restricted Subsidiary in the ordinary course of business; 

(xii) Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary of the Company and Preferred Stock of
any Restricted Subsidiary of the Company not otherwise permitted hereunder in an aggregate principal amount, which when aggregated with the principal amount or liquidation preference of all other Indebtedness, Disqualified Stock and Preferred Stock
then outstanding and Incurred pursuant to this clause (xii), does not exceed $100.0 million at any one time outstanding (it being understood that any Indebtedness Incurred under this clause (xii) shall cease to be deemed Incurred or outstanding
for purposes of this clause (xii) but shall be deemed Incurred for purposes of Section 4.03(a) from and after the first date on which the Company, or the Restricted Subsidiary, as the case may be, could have Incurred such
Indebtedness under Section 4.03(a) without reliance upon this clause (xii)); 
 (xiii) any guarantee
by the Company or a Restricted Subsidiary of Indebtedness or other obligations of the Company or any of its Restricted Subsidiaries so long as the Incurrence of such Indebtedness Incurred by the Company or such Restricted Subsidiary is permitted
under the terms of this Indenture; provided that if such Indebtedness is incurred by the Company and is by its express terms subordinated in right of payment to the Securities, any such guarantee of the Company or such Restricted Subsidiary
with respect to such Indebtedness shall be subordinated in right of payment to the Securities, substantially to the same extent as such Indebtedness of the Company is subordinated to the Loans and the Securities; 

(xiv) the Incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness or Disqualified Stock or
Preferred Stock of a Restricted Subsidiary of the Company which serves to refund, refinance or defease any Indebtedness Incurred or Disqualified Stock or Preferred Stock issued 

  
 60 

 
as permitted under Section 4.03(a) and clauses (ii), (iii), (iv), (xiv), (xv), (xix) and (xx) of this Section 4.03(b) or any Indebtedness, Disqualified Stock or
Preferred Stock Incurred to so refund or refinance such Indebtedness, Disqualified Stock or Preferred Stock, including any Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay premiums and fees in connection therewith (subject to the
following proviso, “Refinancing Indebtedness”) prior to its respective maturity; provided, however, that such Refinancing Indebtedness: 
 1. has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is Incurred which is not less than the shorter of (x) the remaining Weighted Average Life to Maturity of the
Indebtedness, Disqualified Stock or Preferred Stock being refunded or refinanced and (y) the Weighted Average Life to Maturity that would result if all payments of principal on the Indebtedness, Disqualified Stock and Preferred Stock being
refunded or refinanced that were due on or after the date one year following the maturity date of the Securities were instead due on such date one year following the maturity date of the Securities; 

2. has a Stated Maturity which is not earlier than the earlier of (x) the Stated Maturity of the Indebtedness being
refunded or refinanced or (y) 91 days following the maturity date of the Securities; 
 3. to the extent
such Refinancing Indebtedness refinances (a) Indebtedness junior to the Securities, such Refinancing Indebtedness is junior to the Securities or (b) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness is Disqualified Stock
or Preferred Stock; 
 4. is Incurred in an aggregate amount (or if issued with original issue discount, an
aggregate issue price) that is equal to or less than the aggregate amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced plus premium, fees and expenses Incurred in
connection with such refinancing; 
 5. shall not include Indebtedness of the Company or a Restricted Subsidiary
that refinances Indebtedness of an Unrestricted Subsidiary; and 
 6. in the case of any Refinancing Indebtedness
Incurred to refinance Indebtedness outstanding under clause (iv) or (xix) of this Section 4.03(b), shall be deemed to have been Incurred and to be outstanding under such clause (iv) or (xix) of this
Section 4.03(b), as applicable, and not this clause (xiv) for purposes of determining amounts outstanding under such clauses (iv) or (xix) of this Section 4.03(b); 

  
 61 

 provided, further, that subclauses (1) and (2) of this clause (xiv) shall not apply to
any refunding or refinancing of the Securities or any Indebtedness of Opco. 
 (xv) Indebtedness, Disqualified
Stock or Preferred Stock of Persons that are acquired by the Company or any of its Restricted Subsidiaries or merged or amalgamated into the Company or a Restricted Subsidiary in accordance with the terms of this Indenture; provided, however,
that such Indebtedness, Disqualified Stock or Preferred Stock is not Incurred in contemplation of such acquisition, merger or amalgamation or to provide all or a portion of the funds or credit support required to consummate such acquisition, merger
or amalgamation; provided, further, however, that after giving effect to such acquisition and the Incurrence of such Indebtedness either: 
 1. in the case of Indebtedness, Disqualified Stock or Preferred Stock Incurred by the Company or any of its Restricted Subsidiaries (other than Opco or any Restricted Subsidiary of Opco), (A) the
Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in clause (i) of Section 4.03(a); or (B) the Fixed Charge Coverage Ratio of the Company
would be greater than immediately prior to such acquisition; or 
 2. in the case of Indebtedness, Disqualified
Stock or Preferred Stock Incurred by Opco or any Restricted Subsidiary of Opco, (A) Opco would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in clause (ii) of
Section 4.03(a); or (B) the Fixed Charge Coverage Ratio of Opco would be greater than immediately prior to such acquisition; 
 (xvi) Indebtedness Incurred by a Receivables Subsidiary in a Qualified Receivables Financing that is not recourse to the Company or any Restricted Subsidiary other than a Receivables Subsidiary (except
for Standard Securitization Undertakings); 
 (xvii) Indebtedness arising from the honoring by a bank or other
financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within five Business Days of its Incurrence; 

(xviii) Indebtedness of the Company or any Restricted Subsidiary supported by a letter of credit or bank guarantee issued
pursuant to the Opco Credit Agreement, in a principal amount not in excess of the stated amount of such letter of credit; 
 (xix) Contribution Indebtedness; 

  
 62 

 (xx) Indebtedness of Subsidiaries of the Company Incurred for working
capital purposes; 
 (xxi) Indebtedness of the Company or any Restricted Subsidiary consisting of (x) the
financing of insurance premiums or (y) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business; and 
 (xxii) Indebtedness consisting of customary indemnification, adjustment of purchase price or similar obligations of the Company or any Restricted Subsidiary, in each case Incurred in connection with the
acquisition or disposition of any assets by the Company or any Restricted Subsidiary. 
 For purposes of determining compliance
with this Section 4.03, in the event that an item of Indebtedness, Disqualified Stock or Preferred Stock meets the criteria of more than one of the categories of permitted Indebtedness described in clauses (i) through
(xxii) above or is entitled to be Incurred pursuant to Section 4.03(a), the Company shall, in its sole discretion, classify or reclassify, or later divide, classify or reclassify, such item of Indebtedness in any manner that
complies with this Section 4.03; provided that all Indebtedness under the Opco Credit Agreement outstanding on February 7, 2007, shall be deemed to have been Incurred pursuant to clause (i) of Section 4.03(b)
and the Company shall not be permitted to reclassify all or any portion of such Indebtedness under the Opco Credit Agreement outstanding on February 7, 2007. Accrual of interest, the accretion of accreted value, the payment of interest in the
form of additional Indebtedness with the same terms (including any increase to the principal amount of the Securities as a result of the payment of PIK Interest or Partial PIK Interest), the payment of dividends on Preferred Stock in the form of
additional shares of Preferred Stock of the same class, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies
shall not be deemed to be an Incurrence of Indebtedness for purposes of this Section 4.03. Guarantees of, or obligations in respect of letters of credit relating to, Indebtedness which is otherwise included in the determination of a
particular amount of Indebtedness shall not be included in the determination of such amount of Indebtedness; provided that the Incurrence of the Indebtedness represented by such guarantee or letter of credit, as the case may be, was in
compliance with this Section 4.03. 
 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 debt, or first committed or first Incurred (whichever yields the lower U.S. dollar equivalent), in the case of revolving credit debt; 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 

  
 63 

 
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. 
 SECTION 4.04
Limitation on Restricted Payments. 
 (a)(1) The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly: 
 (i) declare or pay any dividend or make any distribution on account
of the Company’s or any of its Restricted Subsidiaries’ Equity Interests, including any payment made in connection with any merger, amalgamation or consolidation involving the Company (other than (A) dividends or distributions by the
Company payable solely in Equity Interests (other than Disqualified Stock) of the Company; (B) dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or distribution payable on or in respect of any class
or series of securities issued by a Restricted Subsidiary other than a Wholly Owned Restricted Subsidiary, the Company or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its Equity
Interests in such class or series of securities; or (C) dividends or distributions made by the Company on or after March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made)
with the net proceeds of the Loans); 
 (ii) purchase or otherwise acquire or retire for value any Equity
Interests of the Company or any direct or indirect parent of the Company, other than purchases, acquisitions or retirements for value made with the net proceeds of the Loans; 

(iii) make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case
prior to any scheduled repayment or scheduled maturity, any Subordinated Indebtedness of the Company (other than the payment, redemption, prepayment, repurchase, defeasance, acquisition or retirement of (A) Subordinated Indebtedness in
anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such payment, redemption, prepayment, repurchase, defeasance, acquisition or retirement and
(B) Indebtedness permitted under clauses (vii) and (ix) of Section 4.03(b)); or 

(iv) make any Restricted Investment 
 (all such payments and other actions set forth in clauses (i) through (iv) above being collectively referred to as “Restricted Payments”), unless, at the time of such Restricted
Payment: 

  
 64 

 (2) no Default shall have occurred and be continuing or would occur as a consequence
thereof; 
 (3)(i) with respect to a Restricted Payment by the Company or any Restricted Subsidiary of the Company (other than
Opco or any Restricted Subsidiary of Opco), immediately after giving effect to such transaction on a pro forma basis, the Company would have had a Fixed Charge Coverage Ratio of at least 1.75 to 1.00; and (ii) with respect to a Restricted
Payment by Opco or any Restricted Subsidiary of Opco, immediately after giving effect to such transaction on a pro forma basis, Opco could Incur $1.00 of additional Indebtedness under clause (ii) Section 4.03(a); and 

(4) such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company and its Restricted
Subsidiaries after July 21, 2006 (including Restricted Payments permitted by clauses (i), (iv) (only to the extent of one-half of the amounts paid pursuant to such clause), (vi) and (viii) of Section 4.04(b), but
excluding all other Restricted Payments permitted by Section 4.04(b)), is less than the amount equal to the Cumulative Credit. 
 (b) The provisions of Section 4.04(a) shall not prohibit: 
 (i) the payment of any dividend or distribution within 60 days after the date of declaration thereof, if at the date of declaration such payment would have complied with the provisions of this Indenture;

 (ii)(A) the repurchase, retirement or other acquisition of any Equity Interests (“Retired Capital
Stock”) of the Company or any direct or indirect parent of the Company or Subordinated Indebtedness of the Company or any direct or indirect parent of the Company in exchange for, or out of the proceeds of, the substantially concurrent sale
of, Equity Interests of the Company or any direct or indirect parent of the Company or contributions to the equity capital of the Company (other than any Disqualified Stock or any Equity Interests sold to a Subsidiary of the Company or to an
employee stock ownership plan or any trust established by the Company or any of its Subsidiaries) (collectively, including any such contributions, “Refunding Capital Stock”); and (B) the declaration and payment of accrued
dividends on the Retired Capital Stock out of the proceeds of the substantially concurrent sale (other than to a Subsidiary of the Company or to an employee stock ownership plan or any trust established by the Company or any of its Subsidiaries) of
Refunding Capital Stock; 
 (iii) the redemption, prepayment, repurchase or other acquisition or retirement of
Subordinated Indebtedness of the Company made by exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the Company which is Incurred in accordance with Section 4.03 so long as 

  
 65 

 1. the principal amount of such new Indebtedness does not exceed the
principal amount of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired for value (plus the amount of any premium required to be paid under the terms of the instrument governing the Subordinated Indebtedness being so
redeemed, repurchased, acquired or retired plus any fees incurred in connection therewith), 
 2. such
Indebtedness, if incurred by the Company, is subordinated to the Securities at least to the same extent as such Subordinated Indebtedness so purchased, exchanged, redeemed, prepaid, repurchased, acquired or retired for value, 

3. such Indebtedness has a final scheduled maturity date equal to or later than the earlier of (x) the final
scheduled maturity date of the Subordinated Indebtedness being so redeemed, prepaid, repurchased, acquired or retired or (y) 91 days following the maturity date of the Securities, and 

4. such Indebtedness has a Weighted Average Life to Maturity at the time Incurred which is not less than the shorter of
(x) the remaining Weighted Average Life to Maturity of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) the Weighted Average Life to Maturity that would result if all payments of principal on the
Subordinated Indebtedness being redeemed, repurchased, acquired or retired that were due on or after the date one year following the maturity date of the Securities were instead due on such date one year following the maturity date of the
Securities; 
 (iv) the repurchase, retirement or other acquisition (or dividends to any direct or indirect
parent of the Company to finance any such repurchase, retirement or other acquisition) for value of Equity Interests of the Company or any direct or indirect parent of the Company held by any future, present or former employee, director or
consultant of the Company or any direct or indirect parent of the Company or any Subsidiary of the Company pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or other agreement or
arrangement; provided, however, that the aggregate amounts paid under this clause (iv) do not exceed $15 million in any calendar year (with unused amounts in any calendar year being permitted to be carried over for the two succeeding
calendar years subject to a maximum payment (without giving effect to the following proviso) of $20 million in any calendar year); provided, further, however, that such amount in any calendar year may be increased by an amount not to exceed:

 1. the cash proceeds received by the Company or any of its Restricted Subsidiaries from the sale of Equity
Interests (other than Disqualified 

  
 66 

 
Stock) of the Company or any direct or indirect parent of the Company (to the extent contributed to the Company) to members of management, directors or consultants of the Company and its
Restricted Subsidiaries or any direct or indirect parent of the Company that occurs after March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made) (provided that the amount
of such cash proceeds utilized for any such repurchase, retirement, other acquisition or dividend shall not increase the amount available for Restricted Payments under Section 4.04(a)(3)); plus 

2. the cash proceeds of key man life insurance policies received by the Company or any direct or indirect parent of the
Company (to the extent contributed to the Company) or the Company’s Restricted Subsidiaries after July 21, 2006; 
 provided
that the Company may elect to apply all or any portion of the aggregate increase contemplated by clauses (A) and (B) above in any calendar year; 
 (v) the declaration and payment of dividends or distributions to holders of any class or series of Disqualified Stock of the Company or any of its Restricted Subsidiaries issued or incurred in accordance
with Section 4.03; 
 (vi) the declaration and payment of dividends or distributions (a) to
holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) issued after July 21, 2006, and (b) to any direct or indirect parent of the Company, the proceeds of which will be used to fund the payment of
dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) of any direct or indirect parent of the Company issued after July 21, 2006; provided, however, that (A) for the most recently
ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such Designated Preferred Stock, after giving effect to such issuance (and the payment of dividends or distributions)
on a pro forma basis, (i) in the case of Designated Preferred Stock of the Company or any Restricted Subsidiary of the Company (other than Opco or any Restricted Subsidiary of Opco), the Company would have had a Fixed Charge Coverage Ratio of
at least 1.75 to 1.00 and (ii) in the case of Designated Preferred Stock of Opco or any Restricted Subsidiary of Opco, Opco would have had a Fixed Charge Coverage Ratio of at least 2.00 to 1.00 and (B) the aggregate amount of dividends
declared and paid pursuant to this clause (vi) does not exceed the net cash proceeds actually received by the Company or any Restricted Subsidiary of the Company from any such sale of Designated Preferred Stock (other than Disqualified Stock)
issued after July 21, 2006; 

  
 67 

 (vii) Investments in Unrestricted Subsidiaries having an aggregate Fair
Market Value, taken together with all other Investments made pursuant to this clause (vii) that are at that time outstanding, not to exceed $25 million 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); 
 (viii) the payment of dividends on
the Company’s common stock (or the payment of dividends to any direct or indirect parent of the Company to fund the payment by such direct or indirect parent of the Company of dividends on such entity’s common stock) of up to 6% per
annum of the net proceeds received by the Company from any public offering of common stock of the Company or any direct or indirect parent of the Company; 
 (ix) Investments that are made with Excluded Contributions; 
 (x)
[reserved]; 
 (xi) the distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness
owed to the Company or a Restricted Subsidiary of the Company by, Unrestricted Subsidiaries; 
 (xii) the payment
of dividends or other distributions to any direct or indirect parent of the Company in amounts required for such parent to pay federal, state or local income taxes (as the case may be) imposed directly on such parent to the extent such income taxes
are attributable to the income of the Company and its Restricted Subsidiaries (including, without limitation, by virtue of such parent being the common parent of a consolidated or combined tax group of which the Company and/or its Restricted
Subsidiaries are members); 
 (xiii) the payment of dividends, other distributions or other amounts or the making
of loans or advances by the Company, if applicable: 
 1. in amounts required for any direct or indirect parent
of the Company, if applicable, to pay fees and expenses (including franchise or similar taxes) required to maintain its corporate existence, customary salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers and
employees of any direct or indirect parent of the Company, if applicable, and general corporate overhead expenses of any direct or indirect parent of the Company, if applicable, in each case to the extent such fees and expenses are attributable to
the ownership or operation of the Company, if applicable, and its Subsidiaries; and 

  
 68 

 2. in amounts required for any direct or indirect parent of the Company, if
applicable, to pay interest and/or principal on Indebtedness the proceeds of which have been contributed to the Company or any of its Restricted Subsidiaries and that has been guaranteed by, or is otherwise considered Indebtedness of, the Company
Incurred in accordance with Section 4.03; 
 (xiv) cash dividends or other distributions on the
Company’s Capital Stock used to, or the making of loans to any direct or indirect parent of the Company to, fund the Transactions and the payment of fees and expenses incurred in connection with the Transactions or owed by Opco or any direct or
indirect parent of Opco, as the case may be, or Restricted Subsidiaries of the Company to Affiliates, in each case to the extent permitted by Section 4.07; 

(xv) repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests
represent a portion of the exercise price of such options or warrants; 
 (xvi) purchases of receivables pursuant
to a Receivables Repurchase Obligation in connection with a Qualified Receivables Financing and the payment or distribution of Receivables Fees; 
 (xvii) payments of cash, dividends, distributions or advances by the Company or any Restricted Subsidiary to allow the payment of cash in lieu of the issuance of fractional shares upon the exercise of
options or warrants or upon the conversion or exchange of Capital Stock of any such Person; 
 (xviii) the
repurchase, redemption, repayment or other acquisition or retirement for value of any Subordinated Indebtedness pursuant to provisions similar to those described under Section 4.06; provided that all Securities that the Holders
have elected to have redeemed in connection with an Asset Sale Offer have been redeemed or acquired for value; and 
 (xix) any payments made, including any such payments made to any direct or indirect parent of Opco to enable it to make payments, in connection with the consummation of the Transactions or as contemplated
by the Acquisition Documents (other than payments to any Permitted Holder or any Affiliate thereof); 
 provided, however, that at the
time of, and after giving effect to, any Restricted Payment permitted under clauses (vi), (vii), (x) and (xi) of this Section 4.04(b), no Default shall have occurred and be continuing or would occur as a consequence thereof.

 (c) As of the Exchange Date, all of the Company’s Subsidiaries shall be Restricted Subsidiaries. The Company shall not
permit any Unrestricted Subsidiary to become a 

  
 69 

 
Restricted Subsidiary except pursuant to the definition of “Unrestricted Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all
outstanding Investments by the Company and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the
definition of “Investments.” Such designation shall only be permitted if a Restricted Payment in such amount would be permitted at such time and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 

(d) Notwithstanding the foregoing provisions of this Section 4.04, (a) if and to the extent Opco or any of its
Restricted Subsidiaries would be permitted to make a Restricted Payment (as defined in the applicable Opco Indenture) pursuant to an Opco Indenture as in effect on March 2, 2007 (i.e., the “closing date” under the Credit
Agreement, when the Loans were originally made) to the extent Opco Notes thereunder are outstanding at such time, Opco or any of its Restricted Subsidiaries, as the case may be, shall be permitted to make under this Indenture such Restricted Payment
and (b) dividends or distributions by a Restricted Subsidiary of Opco to Opco or another Restricted Subsidiary of Opco that is a direct or indirect parent of such Restricted Subsidiary shall be permitted under this Indenture. 

SECTION 4.05 Dividend and Other Payment Restrictions Affecting Subsidiaries. 

The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or
suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 
 (a) pay dividends or make any other distributions to the Company or any of its Restricted Subsidiaries (1) on its Capital Stock; or (2) with respect to any other interest or participation in, or
measured by, its profits; or (ii) pay any Indebtedness owed to the Company or any of its Restricted Subsidiaries; 
 (b)
make loans or advances to the Company or any of its Restricted Subsidiaries; or 
 (c) sell, lease or transfer any of its
properties or assets to the Company or any of its Restricted Subsidiaries; 
 except in each case for such encumbrances or restrictions existing
under or by reason of: 
 (i) contractual encumbrances or restrictions in effect on March 2, 2007
(i.e., the “closing date” under the Credit Agreement, when the Loans were originally made), including pursuant to the Opco Credit Agreement, the other Opco Credit Documents, the Opco Indentures and the Opco Notes (and any exchange
Opco Notes and guarantees thereof); 

  
 70 

 (ii) the Credit Agreement, the Loans, this Indenture and the Securities;

 (iii) applicable law or any applicable rule, regulation or order; 

(iv) any agreement or other instrument relating to Indebtedness of a Person acquired by the Company or any Restricted
Subsidiary which was in existence at the time of such acquisition (but not created in contemplation thereof or to provide all or any portion of the funds or credit support utilized to consummate such acquisition), which encumbrance or restriction is
not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; 
 (v) contracts or agreements for the sale of assets, including any restriction with respect to a Restricted Subsidiary imposed pursuant to an agreement entered into for the sale or disposition of the
Capital Stock or assets of such Restricted Subsidiary pending the closing of such sale or disposition; 
 (vi)
Secured Indebtedness otherwise permitted to be Incurred pursuant to Sections 4.03 and 4.12 that limit the right of the debtor to dispose of the assets securing such Indebtedness; 

(vii) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the
ordinary course of business; 
 (viii) customary provisions in joint venture agreements and other similar
agreements entered into in the ordinary course of business; 
 (ix) purchase money obligations for property
acquired in the ordinary course of business that impose restrictions of the nature discussed in clause (c) above on the property so acquired; 
 (x) customary provisions contained in leases, licenses and other similar agreements entered into in the ordinary course of business that impose restrictions of the type described in clause (c) above
on the property subject to such lease; 
 (xi) any encumbrance or restriction of a Receivables Subsidiary
effected in connection with a Qualified Receivables Financing; provided, however, that such restrictions apply only to such Receivables Subsidiary; 
 (xii) other Indebtedness, Disqualified Stock or Preferred Stock of any Restricted Subsidiary of the Company that is Incurred subsequent to March 2, 2007 (i.e., the “closing date”
under the Credit Agreement, when the Loans were originally made) pursuant to Section 4.03; 

  
 71 

 (xiii) any Restricted Investment not prohibited by Section 4.04
and any Permitted Investment; or 
 (xiv) any encumbrances or restrictions of the type referred to in clauses
(a), (b) and (c) above imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (i) through
(xiii) above; provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company, no more restrictive with respect to such
dividend and other payment restrictions than those contained in the dividend or other payment restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

For purposes of determining compliance with this Section 4.05, (i) the priority of any Preferred Stock in receiving
dividends or liquidating distributions prior to dividends or liquidating distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions on Capital Stock and (ii) the subordination of loans or
advances made to the Company or a Restricted Subsidiary of the Company to other Indebtedness Incurred by the Company or any such Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances. 

SECTION 4.06 Asset Sales. 
 (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, cause or make an Asset Sale, unless (x) the Company or any of its Restricted Subsidiaries, as the case may be,
receives consideration at the time of such Asset Sale at least equal to the Fair Market Value (as determined in good faith by the Company) of the assets sold or otherwise disposed of, and (y) at least 75% of the consideration therefor received
by the Company or such Restricted Subsidiary, as the case may be, is in the form of Cash Equivalents; provided that the amount of: 
 (i) any liabilities (as shown on the Company’s or such Restricted Subsidiary’s most recent balance sheet or in the notes thereto) of the Company or any Restricted Subsidiary of the Company
(other than liabilities that are by their terms subordinated to the Securities) that are assumed by the transferee of any such assets, 
 (ii) any notes or other obligations or other securities or assets received by the Company or such Restricted Subsidiary of the Company from such transferee that are converted by the Company or such
Restricted Subsidiary of the Company into cash within 180 days of the receipt thereof (to the extent of the cash received), and 

  
 72 

 (iii) any Designated Non-cash Consideration received by the Company or any
of its Restricted Subsidiaries in such Asset Sale having an aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (iii) that is at that time outstanding, not to exceed the
greater of 3.0% of Total Assets and $35 million at the time of the receipt of such Designated Non-cash Consideration (with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving
effect to subsequent changes in value) 
 shall be deemed to be Cash Equivalents for the purposes of this Section 4.06(a).

 (b) Within 395 days after the Company’s or any Restricted Subsidiary of the Company’s receipt of the Net Proceeds
of any Asset Sale, the Company or such Restricted Subsidiary of the Company may apply the Net Proceeds from such Asset Sale, at its option: 
 (i) to repay Secured Indebtedness (and, if the Indebtedness repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto), Indebtedness of a Restricted Subsidiary,
Obligations under the Securities or Pari Passu Indebtedness (provided that if the Company shall so reduce Obligations under Pari Passu Indebtedness, the Company shall equally and ratably reduce Obligations under the Securities by making an
offer (in accordance with the procedures set forth below for an Asset Sale Offer) to all Holders to purchase at a purchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, the pro rata principal amount
of Securities), in each case other than Indebtedness owed to the Company or an Affiliate of the Company; provided, however, that if an offer to repay or repurchase any Indebtedness of any Restricted Subsidiary is made in accordance with the
terms of such Indebtedness, the obligation to permanently repay Indebtedness of a Restricted Subsidiary will be deemed to be satisfied to the extent of the amount of the offer, whether or not accepted by the holders thereof, and no Excess Proceeds
in the amount of such offer will be deemed to exist following such offer; 
 (ii) to make an investment in any
one or more businesses (provided that if such investment is in the form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Company), assets, or property or capital
expenditures, in each case used or useful in a Similar Business, or 
 (iii) to make an investment in any one or
more businesses (provided that if such investment is in the form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Company), properties or assets that replace the
properties and assets that are the subject of such Asset Sale. 

  
 73 

 In the case of Sections 4.06(b)(ii) and (iii), a binding commitment shall be treated
as a permitted application of the Net Proceeds from the date of such commitment; provided that (x) such investment is consummated within 545 days after receipt by the Company or any Restricted Subsidiary of the Net Proceeds of any Asset
Sale and (y) if such investment is not consummated within the period set forth in subclause (x), the Net Proceeds not so applied will be deemed to be Excess Proceeds (as defined below). 

Pending the final application of any such Net Proceeds, the Company or such Restricted Subsidiary of the Company may temporarily reduce
Indebtedness under a revolving credit facility, if any, or otherwise invest such Net Proceeds in Cash Equivalents or Investment Grade Securities. Any Net Proceeds from any Asset Sale that are not applied as provided and within the time period set
forth in the first sentence of this Section 4.06(b) (it being understood that any portion of such Net Proceeds used to make an offer to prepay Loans or redeem Securities, as described in clause (i) of this
Section 4.06(b), shall be deemed to have been invested whether or not such offer is accepted) shall be deemed to constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $15 million, the Company
shall make an offer to all Holders (and, at the option of the Company, to any remaining Lenders and to holders of any other Pari Passu Indebtedness) (an “Asset Sale Offer”) to prepay or redeem the maximum principal amount of
Securities (and such Loans and other Pari Passu Indebtedness), that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof (or, in the event such Pari Passu Indebtedness was
issued with significant original issue discount, 100% of the accreted value thereof), plus accrued and unpaid interest (or, in respect of such Pari Passu Indebtedness, such lesser price, if any, as may be provided for by the terms of such Pari Passu
Indebtedness), to the date fixed for the closing of such offer, in accordance with the procedures set forth in this Section 4.06; provided, however, notwithstanding the forgoing, in the case of an Asset Sale by Opco or any
Restricted Subsidiary of Opco, the Company shall not be required to make an Asset Sale Offer to the extent Opco is not permitted pursuant to the terms of its outstanding Indebtedness, any other agreement or applicable law to fund such Asset Sale
Offer. The Company shall commence an Asset Sale Offer with respect to Excess Proceeds within ten Business Days after the date that Excess Proceeds exceeds $15 million by providing the notice required pursuant to the terms of
Section 4.06(f) to the Trustee. To the extent that the aggregate amount of Securities (and such Loans and other Pari Passu Indebtedness) elected to be prepaid pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Company
and its Restricted Subsidiaries may use any remaining Excess Proceeds for general corporate purposes. If the aggregate principal amount of Securities (and such Loans and other Pari Passu Indebtedness) surrendered by holders thereof exceeds the
amount of Excess Proceeds, the Company shall redeem the Securities (and prepay the Loans and other Pari Passu Indebtedness) in the manner described in Section 4.06(e). Upon completion of any such Asset Sale Offer, the amount of Excess
Proceeds shall be reset at zero. 
 (c) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and
any other securities laws and regulations to the extent such laws or regulations are applicable in connection with the repurchase of the Securities pursuant to an Asset Sale 

  
 74 

 
Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Indenture, the Company shall comply with the applicable securities laws and
regulations and shall not be deemed to have breached its obligations described in this Indenture by virtue thereof. 
 (d) Not
later than the date upon which written notice of an Asset Sale Offer is delivered to the Trustee as provided above, the Company shall deliver to the Trustee an Officers’ Certificate as to (i) the amount of the Excess Proceeds,
(ii) the allocation of the Net Proceeds from the Asset Sales pursuant to which such Asset Sale Offer is being made and (iii) the compliance of such allocation with the provisions of Section 4.06(b). On such date, the Company
shall also irrevocably deposit with the Administrative Agent as agent for the Trustee hereunder (or, if the Credit Agreement is no longer in effect, then with the Trustee) an amount equal to the Excess Proceeds to be invested in Cash Equivalents, as
directed in writing by the Company, and to be held for payment in accordance with the provisions of this Section 4.06 (and any corresponding provisions of the Credit Agreement). Upon the expiration of the period for which the Asset Sale
Offer remains open (the “Offer Period”), the Administrative Agent shall deliver to the Trustee, and the Trustee shall, on the date of purchase, mail or deliver payment to each Holder of Securities elected to be redeemed in the
amount of the redemption price. In the event that the Excess Proceeds delivered by the Company to the Administrative Agent as agent for the Trustee hereunder (or, if the Credit Agreement is no longer in effect, then to the Trustee) are greater than
the redemption or prepayment price of Securities and the prepayment price of any Loans and other Pari Passu Indebtedness elected to be redeemed or prepaid, the Administrative Agent shall deliver the excess to the Company immediately after the
expiration of the Offer Period for application in accordance with Section 4.06. 
 (e) Holders electing to have
Securities redeemed shall provide written notice to the Trustee (and the Trustee shall promptly notify the Company) at least three Business Days prior to the redemption date. Holders shall be entitled to withdraw their election if the Trustee or the
Company receives not later than one Business Day prior to the redemption date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Securities which was elected to be redeemed by the
Holder and a statement that such Holder is withdrawing his election to have such Securities redeemed. If at the end of the Offer Period more Loans and Securities (and such Pari Passu Indebtedness) are tendered pursuant to an Asset Sale Offer than
the Company is required to purchase or redeem, selection of such Loans and Securities for purchase shall be made by the Trustee on a pro rata basis, by lot or by such other method as the Trustee shall deem fair and appropriate (and in such manner as
complies with applicable legal requirements). Selection of such Pari Passu Indebtedness shall be made pursuant to the terms of such Pari Passu Indebtedness. 
 (f) Notices of an Asset Sale Offer shall be mailed by first class mail, postage prepaid, at least 30 but not more than 60 days before the purchase date to the Trustee (and the Trustee shall promptly
notify the Holders). 

  
 75 

 SECTION 4.07 Transactions with Affiliates. 

(a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, make any payment to, or
sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction or series of transactions, contract, agreement, understanding, loan, advance or
guarantee with, or for the benefit of, any Affiliate of the Company (each of the foregoing, an “Affiliate Transaction”) involving aggregate consideration in excess of $7.5 million, unless: 

(i) such Affiliate Transaction is on terms that are not materially less favorable to the Company or the relevant
Restricted Subsidiary than those that could have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person; and 

(ii) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate
consideration in excess of $20 million, the Company delivers to the Trustee a resolution adopted in good faith by the majority of the Board of Directors of the Company, approving such Affiliate Transaction and set forth in an Officers’
Certificate certifying that such Affiliate Transaction complies with clause (i) above. 
 (b) The provisions of
Section 4.07(a) shall not apply to the following: 
 (i)(A) transactions between or among the Company
and/or any of its Restricted Subsidiaries and (B) any merger of the Company and any direct parent of the Company; provided that such parent shall have no material liabilities and no material assets other than cash, Cash Equivalents and
the Capital Stock of the Company and such merger is otherwise in compliance with the terms of this Indenture and effected for a bona fide business purpose; 
 (ii) Restricted Payments permitted by Section 4.04 and Permitted Investments; 
 (iii)(x) the entering into of any agreement (and any amendment or modification of any such agreement) to pay, and the payment of, annual management, consulting, monitoring and advisory fees to the
Sponsors in an aggregate amount in any fiscal year not to exceed the greater of (A) $2.5 million and (B) 1.5% of EBITDA of Opco and its Restricted Subsidiaries for the immediately preceding fiscal year, and out-of-pocket expense
reimbursement; provided, however, that any payment not made in any fiscal year may be carried forward and paid in the following two fiscal years and (y) the payment of the present value of all amounts payable pursuant to any
agreement described in 

  
 76 

 
clause (iii)(x) of Section 4.07(b) in connection with the termination of such agreement; 
 (iv) the payment of reasonable and customary fees and reimbursement of expenses paid to, and indemnity provided on behalf of, officers, directors, employees or consultants of the Company or any Restricted
Subsidiary or any direct or indirect parent of the Company; 
 (v) payments by the Company or any of its
Restricted Subsidiaries to the Sponsors made for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including, without limitation, in connection with acquisitions or
divestitures, which payments are (x) made pursuant to the agreements with the Sponsors described in the Opco Offering Circular or (y) approved by a majority of the Board of Directors of the Company in good faith; 

(vi) transactions in which the Company or any of its Restricted Subsidiaries, as the case may be, delivers to the Trustee
a letter from an Independent Financial Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or meets the requirements of clause (i) of Section 4.07(a); 

(vii) payments or loans (or cancellation of loans) to employees or consultants which are approved by a majority of the
Board of Directors of the Company in good faith; 
 (viii) any agreement as in effect as of March 2, 2007
(i.e., the “closing date” under the Credit Agreement, when the Loans were originally made) or any amendment thereto (so long as any such agreement together with all amendments thereto, taken as a whole, is not more disadvantageous
to the Holders in any material respect than the original agreement as in effect on March 2, 2007) or any transaction contemplated thereby as determined in good faith by senior management or the Board of Directors of the Company; 

(ix) the existence of, or the performance by the Company or any of its Restricted Subsidiaries of its obligations under
the terms of, the Acquisition Documents, any stockholders agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of March 2, 2007 (i.e., the “closing date” under
the Credit Agreement, when the Loans were originally made) and any amendment thereto or similar agreements which it may enter into thereafter; provided, however, that the existence of, or the performance by the Company or any of its
Restricted Subsidiaries of its obligations under, any amendment to any such existing agreement or under any 

  
 77 

 
similar agreement entered into after March 2, 2007 shall only be permitted by this clause (ix) to the extent that the terms of any such existing agreement together with all amendments
thereto, taken as a whole, or new agreement are not otherwise more disadvantageous to the Holders in any material respect than the original agreement as in effect on March 2, 2007; 

(x) the execution of the Transactions and the payment of all fees and expenses related to the Transactions, including fees
to the Sponsors, which are described in the Opco Offering Circular or contemplated by the Acquisition Documents; 

(xi)(A) transactions with customers, clients, suppliers or purchasers or sellers of goods or services, in each case in the
ordinary course of business and otherwise in compliance with the terms of this Indenture, which are fair to the Company and its Restricted Subsidiaries in the reasonable determination of the Board of Directors or the senior management of the
Company, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party or (B) transactions with joint ventures or Unrestricted Subsidiaries entered into in the ordinary course of business;

 (xii) any transaction effected as part of a Qualified Receivables Financing; 

(xiii) the issuance of Equity Interests (other than Disqualified Stock) of the Company to any Person; 

(xiv) the issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the
funding of, employment arrangements, stock option and stock ownership plans or similar employee benefit plans approved by the Board of Directors of the Company or any direct or indirect parent of the Company or of a Restricted Subsidiary of the
Company, as appropriate, in good faith; 
 (xv) the entering into of any tax sharing agreement or arrangement and
any payments permitted by Section 4.04(b)(xii); 
 (xvi) any contribution to the capital of the
Company; 
 (xvii) transactions permitted by, and complying with, Section 5.01; 

(xviii) transactions between the Company or any of its Restricted Subsidiaries and any Person, a director of which is also
a director of the Company or any direct or indirect parent of the Company; provided, however, that such 

  
 78 

 
director abstains from voting as a director of the Company or such direct or indirect parent, as the case may be, on any matter involving such other Person; 

(xix) pledges of Equity Interests of Unrestricted Subsidiaries; 

(xx) any employment agreements entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of
business; 
 (xxi) intercompany transactions undertaken in good faith (as certified by a responsible financial or
accounting officer of the Company in an Officers’ Certificate) for the purpose of improving the consolidated tax efficiency of the Company and its Subsidiaries and not for the purpose of circumventing any covenant set forth in this Indenture;
or 
 (xxii) the declaration and payment of dividends to holders of the Company’s Equity Interests after
March 2, 2007 (i.e., the “closing date” under the Credit Agreement, when the Loans were originally made) with the proceeds received by the Company from the Loans. 

Notwithstanding the foregoing provisions of this covenant, if and to the extent any action by Opco or any of its Restricted Subsidiaries
is not deemed to be an Affiliate Transaction (as defined in the applicable Opco Indenture) or is otherwise permitted under an Opco Indenture as in effect on March 2, 2007 (i.e., the “closing date” under the Credit Agreement,
when the Loans were originally made) to the extent Opco Notes thereunder were outstanding at such time, such action by Opco or its Restricted Subsidiaries, as the case may be, shall not be deemed to be an Affiliate Transaction or shall be permitted
under this Indenture and, therefore, will not be subject to the provisions of this covenant. 
 SECTION 4.08 Change of
Control. 
 (a) Upon a Change of Control, each Holder shall have the right to require the Issuer to repurchase all or any
part 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 the Holders of record on the relevant
record date to receive interest due on the relevant interest payment date), in accordance with the terms contemplated in this Section 4.08; provided, however, that notwithstanding the occurrence of a Change of Control, the Issuer
shall not be obligated to purchase any Securities pursuant to this Section 4.08 in the event that it has exercised its right to redeem such Securities in accordance with Article 3 of this Indenture. In the event that at the time of such Change
of Control the terms of the Bank Indebtedness restrict or prohibit the repurchase of Securities pursuant to this Section 4.08, then prior to the mailing of the notice to the Holders provided for in Section 4.08(b) but in any event within
30 days following any Change of Control, the Issuer shall (i) repay in full all Bank Indebtedness or, if doing so will allow the purchase of Securities, offer to repay in full all Bank Indebtedness and repay the Bank Indebtedness of each lender
who has accepted such offer, or (ii)

  
 79 

 
obtain the requisite consent under the agreements governing the Bank Indebtedness to permit the repurchase of the Securities as provided for in Section 4.08(b). 

(b) Within 30 days following any Change of Control, except to the extent that the Issuer has exercised its right to redeem the Securities
in accordance with Article 3 of this Indenture, the Company shall mail a notice (a “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 Issuer to repurchase such
Holder’s Securities at a repurchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the date of repurchase (subject to the right of the Holders of record on the relevant 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; 
 (iii) the repurchase date (which shall be a Business Day no
earlier than 30 days nor later than 60 days from the date such notice is mailed); and 
 (iv) the instructions
determined by the Issuer, consistent with this Section 4.08, that a Holder must follow in order to have its Securities purchased. 
 (c) Holders electing to have a Security purchased shall be required to surrender the Security, together with the form entitled “Option of Holder to Elect Purchase” included in the form of
Security attached hereto as Exhibit A, duly completed, to the Company at the address specified in the notice at least three Business Days prior to the purchase date. The Holders shall be entitled to withdraw their election if the Trustee or the
Company receives not later than one Business Day prior to the purchase date a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Security which was delivered for purchase by the Holder
and a statement that such Holder is withdrawing his election to have such Security purchased. Holders whose Securities are purchased only in part shall be issued new Securities equal in principal amount to the unpurchased portion of the Securities
surrendered. 
 (d) On the purchase date, all Securities purchased by the Company under this Section shall be delivered to the
Trustee for cancellation, and the Company shall pay the purchase price plus accrued and unpaid interest to the Holders entitled thereto. 
 (e) A Change of Control Offer may be made in advance of a Change of Control, and conditioned upon such Change of Control, if a definitive agreement is in place for the Change of Control at the time of
making of the Change of Control Offer. 

  
 80 

 (f) Notwithstanding the foregoing provisions of this Section, the Issuer shall 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 Section 4.08
applicable to a Change of Control Offer made by the Issuer and purchases all Securities validly tendered and not withdrawn under such Change of Control Offer. 
 (g) Securities repurchased by the Issuer pursuant to a Change of Control Offer will have the status of Securities issued but not outstanding or will be retired and canceled at the option of the Issuer.
Securities purchased by a third party pursuant to the preceding clause (f) will have the status of Securities issued and outstanding. 
 (h) At the time the Company delivers Securities to the Trustee which are to be accepted for purchase, the Company shall also deliver an Officers’ Certificate stating that such Securities are to be
accepted by the Company pursuant to and in accordance with the terms of this Section 4.08. A Security shall be deemed to have been accepted for purchase at the time the Trustee, directly or through an agent, mails or delivers payment
therefor to the surrendering Holder. 
 (i) Prior to any Change of Control Offer, the Company shall deliver to the Trustee an
Officers’ Certificate stating that all conditions precedent contained herein to the right of the Company to make such offer have been complied with. 
 (j) The Issuer shall 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 with the repurchase of
Securities pursuant to this Section. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 4.08, the Issuer shall comply with the applicable securities laws and regulations and
shall not be deemed to have breached its obligations under this Section by virtue thereof. 
 SECTION 4.09 Compliance
Certificate. 
 The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company,
beginning with the fiscal year ending March 31, 2009, an Officers’ Certificate stating a review has been conducted of the activities of the Company and its Restricted Subsidiaries and the Company’s and its Restricted
Subsidiaries’ performance under this Indenture and that the Company has complied with all conditions and covenants under this Indenture and whether or not the signers know of any Default that occurred during such period. If they do, the
certificate shall describe the Default, its status and what action the Company is taking or proposes to take with respect thereto. The Company shall also comply with Section 314(a)(4) of the TIA. 

  
 81 

 SECTION 4.10 [Reserved]. 

SECTION 4.11 Future Guarantors. 
 The Company shall cause each Restricted Subsidiary that is a Domestic Subsidiary (unless such Subsidiary is a Receivables Subsidiary) that guarantees any Indebtedness of the Company to execute and deliver
to the Trustee a guarantee pursuant to which such Subsidiary will guarantee payment of the Securities. Each guarantee will be limited to an amount not to exceed the maximum amount that can be guaranteed by that Restricted Subsidiary without
rendering the guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally. Notwithstanding the foregoing,
in the event any Restricted Subsidiary rendering a guarantee of the Securities is released and discharged in full from all of its obligations under the guarantees of such other Indebtedness of the Company, then the guarantee of the Securities by
such Restricted Subsidiary shall by automatically and unconditionally released or discharged. The guarantee by any Restricted Subsidiary of Indebtedness of another Restricted Subsidiary at the time that such Indebtedness is also guaranteed by the
Company shall not constitute a guarantee of Indebtedness of the Company. 
 SECTION 4.12 Liens. 

The Company shall not, directly or indirectly, create, Incur or suffer to exist any Lien on any asset or property of the Company securing
Indebtedness of the Company unless the Securities are equally and ratably secured with (or on a senior basis to, in the case of obligations subordinated in right of payment to the Securities) the obligations so secured until such time as such
obligations are no longer secured by a Lien. The preceding sentence shall not require the Company to secure the Securities if the Lien consists of a Permitted Lien. Any Lien which is granted to secure the Securities under this
Section 4.12 shall be automatically released and discharged at the same time as the release of the Lien that gave rise to the obligation to secure the Securities under this Section 4.12. 

ARTICLE 5 

SUCCESSOR COMPANY 
 SECTION 5.01 When Company May Merge or Transfer Assets. 
 The Company shall
not, directly or indirectly, consolidate, amalgamate or merge with or into or wind up or convert into (whether or not the Company is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of
its properties or assets in one or more related transactions, to any Person unless: 
 (i) the Company is the
surviving Person or the Person formed by or surviving any such consolidation, amalgamation, merger, winding up or 

  
 82 

 
conversion (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a corporation, partnership or limited liability
company organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (the Company or such Person, as the case may be, being herein called the “Successor Company”);
provided that in the case where the surviving Person is not a corporation, a co-obligor of the Securities is a corporation; 
 (ii) the Successor Company (if other than the Company) expressly assumes all the obligations of the Company under this Indenture and the Securities pursuant to supplemental indentures or other documents
or instruments in form reasonably satisfactory to the Trustee; 
 (iii) immediately after giving effect to such
transaction (and treating any Indebtedness which becomes an obligation of the Successor Company or any of its Restricted Subsidiaries 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 shall have occurred and be continuing; 
 (iv) immediately after
giving pro forma effect to such transaction, as if such transaction had occurred at the beginning of the applicable four-quarter period (and treating any Indebtedness which becomes an obligation of the Successor Company or any of its Restricted
Subsidiaries as a result of such transaction as having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction), either 

(A) the Successor Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed
Charge Coverage Ratio test set forth in Section 4.03(a); or 
 (B) the Fixed Charge Coverage Ratio
for the Successor Company and its Restricted Subsidiaries would be greater than such ratio for the Company and its Restricted Subsidiaries immediately prior to such transaction; 

(v) each Guarantor (if there are any Guarantors), unless it is the other party to the transactions described above, shall
have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under this Indenture and the Securities; 
 (vi) if the Successor Company is not organized as a corporation after such transaction, a successor corporation that is a Subsidiary of the Successor Company shall continue to be co-obligor of the
Securities and shall have by 

  
 83 

 
supplemental indenture confirmed its obligation under this Indenture and the Securities; and 
 (vii) 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 indentures (if
any) comply with this Indenture. 
 The Successor Company (if other than the Company) shall succeed to, and be substituted for,
the Company under this Indenture and the Securities, and in such event the Company will automatically be released and discharged from its obligations under this Indenture and the Securities. Notwithstanding the foregoing clauses (iii) and
(iv) of this Section 5.01, (a) any Restricted Subsidiary may merge, consolidate or amalgamate with or transfer all or part of its properties and assets to the Company or to another Restricted Subsidiary, and (b) the
Company may merge, consolidate or amalgamate with an Affiliate incorporated solely for the purpose of reincorporating the Company in another state of the United States, the District of Columbia or any territory of the United States or may convert
into a limited liability company, so long as the amount of Indebtedness of the Company and its Restricted Subsidiaries is not increased thereby. This Article 5 will not apply to a sale, assignment, transfer, conveyance or other disposition of
assets between or among the Company and its Restricted Subsidiaries. 
 ARTICLE 6 

DEFAULTS AND REMEDIES 
 SECTION 6.01 Events of Default. 
 An “Event of Default” occurs
if: 
 (a) there is a default 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, 
 (b) there is a default in the payment of principal or premium, if any, of any Security
when due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise, 
 (c)
either the Issuer or any of the Restricted Subsidiaries of the Company fails to comply with its obligations under Section 5.01, 
 (d) either the Issuer or any of the Restricted Subsidiaries of the Company fails to comply with any of its agreements in the Securities or this Indenture (other than those referred to in clause (a),
(b) or (c) above) and such failure continues for 60 days after the notice specified below, 

  
 84 

 (e) either the Issuer or any Significant Subsidiary fails to pay any Indebtedness (other
than Indebtedness owing to either the Issuer or a Restricted Subsidiary of the Company) within any applicable grace period after final maturity or the acceleration of any such Indebtedness by the holders thereof because of a default, in each case,
if the total amount of such Indebtedness unpaid or accelerated exceeds $20 million or its foreign currency equivalent, 
 (f)
either the Issuer or any Significant Subsidiary of the Company pursuant to or within the meaning of any Bankruptcy Law: 
 (i) commences a voluntary case; 
 (ii) consents to the entry of an
order for relief against it in an involuntary case; 
 (iii) consents to the appointment of a Custodian of it or
for any substantial part of its property; or 
 (iv) makes a general assignment for the benefit of its creditors
or takes any comparable action under any foreign laws relating to insolvency, 
 (g) a court of competent jurisdiction enters an
order or decree under any Bankruptcy Law that: 
 (i) is for relief against either the Issuer or any Significant
Subsidiary of the Company in an involuntary case; 
 (ii) appoints a Custodian of either the Issuer or any
Significant Subsidiary of the Company or for any substantial part of its property; or 
 (iii) orders the winding
up or liquidation of either the Issuer or any Significant Subsidiary of the Company; 
 or any similar relief is granted under
any foreign laws and the order or decree remains unstayed and in effect for 60 days, 
 (h) either the Issuer or any Significant
Subsidiary fails to pay final judgments aggregating in excess of $20 million or its foreign currency equivalent (net of any amounts which are covered by enforceable insurance policies issued by solvent carriers), which judgments are not discharged,
waived or stayed for a period of 60 days following the entry thereof, or 
 (i) if (but only if) Guarantees have been issued
under this Indenture, any Guarantee of a Significant Subsidiary ceases to be in full force and effect (except as contemplated by the terms thereof) or any Guarantor denies or disaffirms its obligations under

  
 85 

 
this Indenture or any Guarantee and such Default continues for 10 days after the notice specified below. 
 The foregoing shall 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. 
 A Default under clause (d) above shall not constitute an Event of Default until the
Trustee notifies the Issuer or the Holders of at least 25% in principal amount of the outstanding Securities notify the Issuer and the Trustee of the Default and the Issuer does not cure such Default within the time specified in clause
(d) above 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 Issuer shall deliver to the Trustee, within five
(5) Business Days after the occurrence thereof, written notice in the form of an Officers’ Certificate of any event which is, or with the giving of notice or the lapse of time or both would become, an Event of Default, its status and what
action the Issuer is taking or proposes to take with respect thereto. 
 SECTION 6.02 Acceleration. 

If an Event of Default (other than an Event of Default specified in Section 6.01(f) or (g) with respect to the Issuer)
occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of outstanding Securities, by notice to the Issuer shall declare that the principal of, premium, if any, and accrued but unpaid interest on all the Securities
is due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(f) or (g) with respect to the Issuer occurs, the principal of, premium,
if any, and interest on all the Securities shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities by
notice to the Trustee may rescind an acceleration and its consequences. 
 In the event of any Event of Default specified in
Section 6.01(e), such Event of Default and all consequences thereof (excluding, however, any resulting payment default) shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders of the
Securities, if within 20 days after such Event of Default arose the Issuer delivers an Officers’ Certificate to the Trustee stating that (x) the Indebtedness or guarantee that is the basis for such Event of Default has been discharged or
(y) the holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default or (z) the default that is the basis for such Event of Default has been cured, it being

  
 86 

 
understood that in no event shall an acceleration of the principal amount of the Securities as described above be annulled, waived or rescinded upon the happening of any such events. 

SECTION 6.03 Other Remedies. 
 If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy at law or in equity to collect the payment of principal of 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. To the extent required by law, all available remedies are cumulative. 
 SECTION 6.04 Waiver of Past Defaults. 
 Provided the Securities are not
then due and payable by reason of a declaration of acceleration, the Holders of a majority in principal amount of the Securities by written notice to the Trustee may waive an existing Default and its consequences except (a) a Default in the
payment of the principal of or interest on a Security, (b) a Default arising from the failure to redeem or purchase any Security when required pursuant to the terms of this Indenture or (c) a Default in respect of a provision that under
Section 9.02 cannot be amended without the consent of each Holder affected. When a Default is waived, it is deemed cured and the Issuer, the Trustee and the Holders will be restored to their former positions and rights under this Indenture, but
no such waiver shall extend to any subsequent or other Default or impair any consequent right. 
 SECTION 6.05 Control by
Majority. 
 The Holders of a majority in principal amount of the Securities 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, subject to
Section 7.01, that the Trustee determines is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal liability. 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. 

  
 87 

 SECTION 6.06 Limitation on Suits. 

(a) Except to enforce the right to receive payment of principal, premium (if any) or interest when due, no Holder may pursue any remedy
with respect to this Indenture or the Securities unless: 
 (i) the Holder gives to the Trustee written notice
stating that an Event of Default is continuing; 
 (ii) the Holders of at least 25% in principal amount of the
Securities make a written request to the Trustee to pursue the remedy; 
 (iii) such Holder or Holders offer to
the Trustee reasonable security or indemnity satisfactory to it against any loss, liability or expense; 
 (iv)
the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and 
 (v) the Holders of a majority in principal amount of the Securities do not give the Trustee a direction inconsistent with the request during such 60-day period. 

(b) A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another
Holder. 
 SECTION 6.07 Rights of the Holders to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of and interest on the
Securities held by such Holder, on or after the respective due dates expressed or provided for 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. 
 SECTION 6.08 Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(a) or (b) occurs and is continuing, the Trustee may recover judgment in its
own name and as trustee of an express trust against the Issuer or any other obligor on the Securities for the whole amount then due and owing (together with interest on overdue principal and (to the extent lawful) on any unpaid interest at the rate
provided for in the Securities) and the amounts provided for in Section 7.07. 

  
 88 

 SECTION 6.09 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 (including any claim for reasonable compensation, expenses disbursements and advances of the Trustee (including counsel, accountants, experts or such other professionals as the Trustee deems necessary, advisable or appropriate)) and the
Holders allowed in any judicial proceedings relative to the Issuer or any Guarantor, their creditors or their property, shall be entitled to participate as a member, voting or otherwise, of any official committee of creditors appointed in such
matters 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 7.07. 
 SECTION 6.10 Priorities. 
 If the Trustee collects any money or property
pursuant to this Article 6, it shall pay out the money or property in the following order: 
 FIRST: to the Trustee for amounts
due under Section 7.07; 
 SECOND: [Intentionally omitted.]; 

THIRD: to the Holders for amounts due and unpaid on the Securities for principal, premium, if any, and interest, ratably, without
preference or priority of any kind, according to the amounts due and payable on the Securities for principal, premium, if any, and interest, respectively; and 
 FOURTH: to the Company or, to the extent the Trustee collects any amount for any Guarantor, to such Guarantor, or as a court of competent jurisdiction may direct. 

The Trustee may fix a record date and payment date for any payment to the Holders pursuant to this Section. At least 15 days before such
record date, the Trustee shall mail to each Holder and the Issuer a notice that states the record date, the payment date and amount to be paid. 
 SECTION 6.11 Undertaking for Costs. 
 In any suit for the enforcement of
any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the

  
 89 

 
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 a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of
the Securities. 
 SECTION 6.12 Waiver of Stay or Extension Laws. 

Neither the Issuer nor any Guarantor (to the extent it may lawfully do so) shall at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Issuer and each Guarantor (if in
the future there are Guarantors, but only to the extent that it may lawfully do so) hereby expressly waive all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but
shall suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE 7 

TRUSTEE 

SECTION 7.01 Duties of Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a
prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 
 (b) Except
during the continuance of an Event of Default: 
 (i) the Trustee undertakes to perform such duties and only such
duties as are specifically set forth in this Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee (it being agreed that the permissive right of the Trustee to do things enumerated in this Indenture
shall not be construed as a duty); and 
 (ii) in the absence of bad faith on its part, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. The Trustee shall be under no
duty to make any investigation as to any statement contained in any such instance, but may accept the same as conclusive evidence of the truth and accuracy of such statement or the correctness of such opinions. However, in the case of certificates
or opinions required by any provision hereof to be provided to 

  
 90 

 
it, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 

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

 (ii) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer unless it
is proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (iii) the Trustee shall not be
liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05; and 
 (iv) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of
any of its rights or powers. 
 (d) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b) and (c) of this Section. 
 (e) The Trustee shall not be liable for interest on any money received
by it except as the Trustee may agree in writing with the Issuer. 
 (f) Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law. 
 (g) Every provision of this Indenture relating to the
conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section and to the provisions of the TIA. 
 SECTION 7.02 Rights of Trustee. 
 (a) The Trustee may conclusively rely on
any document believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both, which
shall conform to Section 13.05 herein. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel. 

  
 91 

 (c) The Trustee may act through agents and shall not be responsible for the misconduct or
negligence of any agent appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take
in good faith which it believes to be authorized or within its rights or powers; provided, however, that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e) The Trustee may consult with counsel of its own selection and the advice or opinion of counsel with respect to legal matters relating
to this Indenture and the Securities shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such
counsel. 
 (f) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, debenture, note or other paper or document unless requested in writing to do so by the Holders of not less than a majority in principal amount of
the Securities at the time outstanding, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or
investigation, it shall be entitled to examine the books, records and premises of the Issuer, personally or by agent or attorney, at the expense of the Issuer and shall incur no liability of any kind by reason of such inquiry or investigation.

 (g) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it
in compliance with such request or direction. 
 (h) The rights, privileges, protections, immunities and benefits given to the
Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(i) The Trustee shall not be liable for any action taken or omitted by it in good faith at the direction of the Holders of not less than
a majority in principal amount of the Securities as to the time, method and place of conducting any proceedings for any remedy available to the Trustee or the exercising of any power conferred by the Indenture. 

(j) Any action taken, or omitted to be taken, by the Trustee in good faith pursuant to this Indenture upon the request or authority or
consent of any person who, at the time of making such request or giving such authority or consent, is the Holder of any Security shall be conclusive and binding upon future Holders of Securities and upon Securities executed and delivered in exchange
therefor or in place thereof. 

  
 92 

 SECTION 7.03 Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Issuer
or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent or Registrar may do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. 

SECTION 7.04 Trustee’s Disclaimer. 
 The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture, any Guarantee or the Securities, it shall not be accountable for the Issuer’s
use of the proceeds from the Securities, and it shall not be responsible for any statement of the Issuer or any Guarantor in this Indenture or in any document issued in connection with the sale of the Securities or in the Securities other than the
Trustee’s certificate of authentication. The Trustee shall not be charged with knowledge of any Default or Event of Default under Sections 6.01(c), (d), (e), (h), or (i) or of the identity of any Significant Subsidiary unless either
(a) a Trust Officer shall have actual knowledge thereof or (b) the Trustee shall have received written notice thereof in accordance with Section 13.02 hereof from the Issuer, any Guarantor or any Holder. In accepting the trust
hereby created, the Trustee acts solely as Trustee for the Holders of the Securities and not in its individual capacity and all persons, including without limitation the Holders of Securities and the Issuer having any claim against the Trustee
arising from this Indenture shall look only to the funds and accounts held by the Trustee hereunder for payment except as otherwise provided herein. 
 SECTION 7.05 Notice of Defaults. 
 If a Default occurs and is continuing
and if it is actually known to the Trustee, the Trustee shall mail to each Holder notice of the Default within the earlier of 90 days after it occurs or 30 days after it is actually known to a Trust Officer or written notice of it is received by the
Trustee unless such Default or Event of Default has been cured. Except in the case of a Default in the payment of principal of, premium (if any) or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its
Trust Officers in good faith determines that withholding the notice is in the interests of the Holders. 
 SECTION 7.06
Reports by Trustee to the Holders. 
 As promptly as practicable after each June 30 beginning with June 30,
2009, and in any event by August 30 in each year, the Trustee shall mail to each Holder a brief report dated as of such June 30 that complies with Section 313(a) of the TIA if and to the extent required thereby. The Trustee shall also
comply with Section 313(b) of the TIA. 
 A copy of each report at the time of its mailing to the Holders shall be filed
with the SEC and each stock exchange (if any) on which the Securities are listed. The Issuer agree to 

  
 93 

 
notify promptly the Trustee whenever the Securities become listed on any stock exchange and of any delisting thereof. 
 SECTION 7.07 Compensation and Indemnity. 
 The Issuer shall pay to the
Trustee from time to time reasonable compensation for its services. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee upon request for all
reasonable out-of-pocket expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the
Trustee’s agents, counsel, accountants and experts. The Issuer and each Guarantor (if any), jointly and severally shall indemnify the Trustee against any and all loss, liability, claim, damage or expense (including reasonable attorneys’
fees and expenses) incurred by or in connection with the acceptance or administration of this trust and the performance of its duties hereunder, including the costs and expenses of enforcing this Indenture or Guarantee against the Issuer or a
Guarantor (including this Section 7.07) and defending itself against or investigating any claim (whether asserted by the Issuer, any Guarantor, any Holder or any other Person). The obligation to pay such amounts shall survive the payment
in full or defeasance of the Securities or the removal or resignation of the Trustee. The Trustee shall notify the Issuer of any claim for which it may seek indemnity promptly upon obtaining actual knowledge thereof; provided, however,
that any failure so to notify the Issuer shall not relieve the Issuer or any Guarantor of its indemnity obligations hereunder. The Issuer shall defend the claim and the indemnified party shall provide reasonable cooperation at the Issuer’s
expense in the defense. Such indemnified parties may have separate counsel and the Issuer and the Guarantors, as applicable, shall pay the fees and expenses of such counsel; provided, however, that the Issuer shall not be required to
pay such fees and expenses if it assumes such indemnified parties’ defense and, in such indemnified parties’ reasonable judgment, there is no conflict of interest between the Issuer and the Guarantors, as applicable, and such parties in
connection with such defense. The Issuer need not reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party through such party’s own willful misconduct, negligence or bad faith. 

To secure the Issuer’s and the Guarantors’ payment obligations in this Section, the Trustee shall have a Lien prior to the
Securities on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular Securities. 
 The Issuer’s and the Guarantors’ payment obligations pursuant to this Section shall survive the satisfaction or discharge of this Indenture, any rejection or termination of this Indenture under
any bankruptcy law or the resignation or removal of the Trustee. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee incurs expenses after the occurrence of a Default specified in
Section 6.01(f) or (g) with respect 

  
 94 

 
to the Issuer, the expenses are intended to constitute expenses of administration under the Bankruptcy Law. 
 No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of
any of its rights or powers, if repayment of such funds or adequate indemnity against such risk or liability is not assured to its satisfaction. 
 SECTION 7.08 Replacement of Trustee. 
 (a) The Trustee may resign at any
time by so notifying the Issuer. The Holders of a majority in principal amount of the Securities may remove the Trustee by so notifying the Trustee and may appoint a successor Trustee. The Issuer shall remove the Trustee if: 

(i) the Trustee fails to comply with Section 7.10; 

(ii) the Trustee is adjudged bankrupt or insolvent; 

(iii) a receiver or other public officer takes charge of the Trustee or its property; or 

(iv) the Trustee otherwise becomes incapable of acting. 

(b) If the Trustee resigns, is removed by the Issuer or by the Holders of a majority in principal amount of the Securities and such
Holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Issuer shall promptly appoint a
successor Trustee. 
 (c) A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and
to the Issuer. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice
of its succession to the Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the Lien provided for in Section 7.07. 

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

(e) If the Trustee fails to comply with Section 7.10, unless the Trustee’s duty to resign is stayed as provided in
Section 310(b) of the TIA, any Holder who has been a bona 

  
 95 

 
fide holder of a Security for at least six months may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(f) Notwithstanding the replacement of the Trustee pursuant to this Section, the Issuer’s obligations under Section 7.07
shall continue for the benefit of the retiring Trustee. 
 SECTION 7.09 Successor Trustee by Merger. 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets
to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 
 In case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created by this Indenture any of the Securities shall have been
authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such Securities so authenticated; and in case at that time any of the Securities shall not have
been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which
it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee shall have. 
 SECTION 7.10
Eligibility; Disqualification. 
 The Trustee shall at all times satisfy the requirements of Section 310(a) of the
TIA. The Trustee shall have a combined capital and surplus of at least $100 million as set forth in its most recent published annual report of condition. The Trustee shall comply with Section 310(b) of the TIA, subject to its right to apply for
a stay of its duty to resign under the penultimate paragraph of Section 310(b) of the TIA; provided, however, that there shall be excluded from the operation of Section 310(b)(1) of the TIA any series of securities issued
under this Indenture and any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Issuer are outstanding if the requirements for such exclusion set forth in
Section 310(b)(1) of the TIA are met. 
 SECTION 7.11 Preferential Collection of Claims Against the Issuer.

 The Trustee shall comply with Section 311(a) of the TIA, excluding any creditor relationship listed in
Section 311(b) of the TIA. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the TIA to the extent indicated. 

  
 96 

 ARTICLE 8 
 DISCHARGE OF INDENTURE; DEFEASANCE 
 SECTION 8.01 Discharge of Liability
on Securities; Defeasance. 
 This Indenture shall be discharged and shall cease to be of further effect (except as to
surviving rights of registration of transfer or exchange of Securities, as expressly provided for in this Indenture) as to all outstanding Securities when: 
 (a) either (i) all the Securities theretofore authenticated and delivered (other than Securities pursuant to Section 2.08 which have been replaced or paid and Securities for whose payment
money has theretofore been deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged from such trust) have been delivered to the Trustee for cancellation or (ii) all of the Securities
(a) have become due and payable, (b) will become due and payable at their stated maturity within one year or (c) if redeemable at the option of the Issuer, are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Issuer, and the Issuer has irrevocably deposited or caused to be deposited with the Trustee cash in U.S. Dollars, U.S.
Government Obligations or a combination thereof in an amount sufficient in the written opinion of a firm of independent public accountants delivered to the Trustee (which delivery shall only be required if Government Obligations have been so
deposited) to pay and discharge the entire Indebtedness on the Securities not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Securities to the date of deposit together with irrevocable
instructions from the Issuer directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; 
 (b) the Issuer and/or any Guarantors have paid all other sums payable under this Indenture; and 
 (c) the Issuer has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of
this Indenture have been complied with. 
 Subject to Sections 8.01(c) and 8.02, the Issuer at any time may terminate
(i) all of its obligations under the Securities and this Indenture (with respect to such Securities) (“legal defeasance option”) or (ii) its obligations under Sections 4.02, 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.09,
4.11, 4.12 and 4.13 and the operation of Section 5.01 and Sections 6.01(c), 6.01(d), 6.01(e), 6.01(f) (with respect to Significant Subsidiaries of the Company only), 6.01(g) (with respect to Significant Subsidiaries of
the Company only), 6.01(h) and 6.01(i) (“covenant defeasance option”). The Issuer may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. In the event that the Issuer
terminates all of its obligations 

  
 97 

 
under the Securities and this Indenture (with respect to such Securities) by exercising its legal defeasance option or its covenant defeasance option, the obligations of each Guarantor (if any)
under its Guarantee of such Securities shall be terminated simultaneously with the termination of such obligations. 
 If the
Issuer exercises its legal defeasance option, payment of the Securities so defeased may not be accelerated because of an Event of Default. If the Issuer exercises its covenant defeasance option, payment of the Securities so defeased may not be
accelerated because of an Event of Default specified in Section 6.01(c), 6.01(d), 6.01(e), 6.01(f) (with respect to Significant Subsidiaries of the Company only), 6.01(g) (with respect to Significant Subsidiaries of the Company
only), 6.01(h) or 6.01(i) or because of the failure of the Issuer to comply with Section 5.01. 
 Upon
satisfaction of the conditions set forth herein and upon request of the Issuer, the Trustee shall acknowledge in writing the discharge of those obligations that the Issuer terminates. 

(d) Notwithstanding clauses (a) and (b) above, the Issuer’s obligations in Sections 2.04, 2.05, 2.06, 2.07, 2.08, 2.09,
7.07, 7.08 and in this Article 8 shall survive until the Securities have been paid in full. Thereafter, the Issuer’s obligations in Sections 7.07, 8.05 and 8.06 shall survive such satisfaction and discharge. 

SECTION 8.02 Conditions to Defeasance. 
 (a) The Issuer may exercise its legal defeasance option or its covenant defeasance option only if: 
 (i) the Issuer irrevocably deposits in trust with the Trustee cash in U.S. Dollars, U.S. Government Obligations or a combination thereof in an amount sufficient or Government Obligations, the principal of
and the interest on which will be sufficient, or a combination thereof sufficient, to pay the principal of and premium (if any) and interest on the Securities when due at maturity or redemption, as the case may be, including interest thereon to
maturity or such redemption date; 
 (ii) the Issuer delivers to the Trustee a certificate from a nationally
recognized firm of independent accountants expressing their opinion that the payments of principal and interest when due and without reinvestment on the deposited U.S. Government Obligations plus any deposited money without investment will provide
cash at such times and in such amounts as will be sufficient to pay principal, premium, if any, and interest when due on all the Securities to maturity or redemption, as the case may be; 

  
 98 

 (iii) 123 days pass after the deposit is made and during the 123-day period
no Default specified in Section 6.01(f) or (g) with respect to the Issuer occurs which is continuing at the end of the period; 
 (iv) the deposit does not constitute a default under any other agreement binding on the Issuer and is not prohibited by Article 10; 

(v) in the case of the legal defeasance option, the Issuer shall have delivered to the Trustee an Opinion of Counsel
stating that (1) the Issuer has received from, or there has been published by, the Internal Revenue Service a ruling, or (2) 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 deposit and 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 deposit and defeasance had not occurred; 
 (vi) impair the right of any holder to receive payment of principal of, premium, if any, and interest on such holder’s Securities on or after the due dates therefore or to institute suit for the
enforcement of any payment on or with respect to such holder’s Securities; 
 (vii) in the case of the
covenant defeasance option, the Issuer shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and 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 deposit and defeasance had not occurred; and 

(viii) the Issuer 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 to be so defeased and discharged as contemplated by this Article 8 have been complied with. 
 (b) Before or after a deposit, the Issuer may make arrangements satisfactory to the Trustee for the redemption of such Securities at a future date in accordance with Article 3. 

  
 99 

 SECTION 8.03 Application of Trust Money. The Trustee shall hold in trust money or
Government Obligations (including proceeds thereof) deposited with it pursuant to this Article 8. It shall apply the deposited money and the money from Government Obligations through each Paying Agent and in accordance with this Indenture to
the payment of principal of and interest on the Securities so discharged or defeased. 
 SECTION 8.04 Repayment to
Company. 
 Each of the Trustee and each Paying Agent shall promptly turn over to the Issuer upon request any money or
Government Obligations held by it as provided in this Article which, in the written opinion of nationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if Government Obligations
have been so deposited), are in excess of the amount thereof which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article. 

Subject to any applicable escheat and abandoned property laws, the Trustee and each Paying Agent shall pay to the Issuer upon written
request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, Holders entitled to the money must look to the Issuer for payment as general creditors, and the Trustee and each Paying
Agent shall have no further liability with respect to such monies. 
 SECTION 8.05 Indemnity for Government Obligations.

 The Issuer shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against
deposited Government Obligations or the principal and interest received on such Government Obligations. 
 SECTION 8.06
Reinstatement. 
 If the Trustee or any Paying Agent is unable to apply any money or Government Obligations in accordance
with this Article 8 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s obligations under this
Indenture and the Securities so discharged or defeased shall be revived and reinstated as though no deposit had occurred pursuant to this Article 8 until such time as the Trustee or any Paying Agent is permitted to apply all such money or
Government Obligations in accordance with this Article 8; provided, however, that, if the Issuer has made any payment of principal of or interest on, any such Securities because of the reinstatement of its obligations, the
Issuer shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or Government Obligations held by the Trustee or any Paying Agent. 

  
 100

 ARTICLE 9 
 AMENDMENTS AND WAIVERS 
 SECTION 9.01 Without Consent of the
Holders. 
 (a) The Issuer and the Trustee may amend this Indenture or the Securities without notice to or consent of any
Holder: 
 (i) to cure any ambiguity, omission, defect or inconsistency; 

(ii) to provide for the assumption by a Successor Company of the obligations of the Issuer under this Indenture and the
Securities; 
 (iii) to provide for the assumption by a Successor Guarantor of the obligations of a Guarantor
under this Indenture and its Guarantee; 
 (iv) to comply with Article 5; 

(v) 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;

 (vi) to add Guarantees or additional Guarantees with respect to the Securities or to secure the Securities;

 (vii) to add to the covenants of the Issuer for the benefit of the Holders or to surrender any right or power
herein conferred upon the Issuer; 
 (viii) to comply with any requirement of the SEC in connection with
qualifying or maintaining the qualification of, this Indenture under the TIA; 
 (ix) to make any change that
does not adversely affect the rights of any Holder; 
 (x) to provide for the issuance of Additional Securities,
which shall have terms substantially identical in all material respects to the Original Securities, and which shall be treated, together with any outstanding Original Securities, as a single issue of securities; or 

(xi) in the event that PIK Notes are issued in certificated form, to make appropriate amendments to this Indenture to
reflect an appropriate minimum 

  
 101

 
denomination of certificated PIK Notes and to establish minimum redemption amounts for certificated PIK Notes. 
 After an amendment under this Section 9.01 becomes effective, the Issuer shall mail to the 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 9.01. 
 SECTION
9.02 With Consent of the Holders. 
 (a) The Issuer and the Trustee may amend this Indenture or the Securities with the
written consent of the Holders of at least a majority in principal amount of the Securities then outstanding voting as a single class (including consents obtained in connection with a tender offer or exchange for the Securities). However, without
the consent of each Holder of an outstanding Security affected, an amendment may not: 
 (i) reduce the amount of
Securities whose Holders must consent to an amendment, 
 (ii) reduce the rate of or extend the time for payment
of interest on any Security, 
 (iii) reduce the principal of or change the Stated Maturity of any Security,

 (iv) reduce the premium payable upon the redemption of any Security or change the time at which any Security
may be redeemed in accordance with Article 3, 
 (v) make any Security payable in money other than that
stated in such Security, 
 (vi) expressly subordinate the Securities or any Guarantees to any other Indebtedness
of the Issuer or any Guarantor, 
 (vii) impair the right of any Holder to receive payment of principal of or
premium, if any, 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, 

(viii) make any change in Section 6.04 or 6.07 or the second sentence of this Section 9.02, or

 (ix) modify any Guarantees in any manner adverse to the Holders. 

  
 102

 It shall not be necessary for the consent of the Holders under this Section 9.02
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 9.02 becomes effective, the Issuer shall mail to the 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 9.02. 
 SECTION
9.03 Compliance with Trust Indenture Act. 
 Whether or not this Indenture is qualified under the TIA, every amendment,
waiver or supplement to this Indenture or the Securities shall comply with the TIA as then in effect. 
 SECTION 9.04
Revocation and Effect of Consents and Waivers. 
 (a) 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 on which the Trustee receives an Officers’
Certificate from the Issuer certifying that the requisite principal amount of Securities have consented. After an amendment or waiver becomes effective, it shall bind every Holder. An amendment or waiver becomes effective upon the (i) receipt
by the Issuer or the Trustee of consents by the Holders of the requisite principal amount of securities, (ii) satisfaction of conditions to effectiveness as set forth in this Indenture and any indenture supplemental hereto containing such
amendment or waiver and (iii) execution of such amendment or waiver (or supplemental indenture) by the Issuer and the Trustee. 
 (b) The Issuer 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 be valid or effective for more than 120
days after such record date. 
 SECTION 9.05 Notation on or Exchange of Securities. 

If an amendment, supplement or waiver changes the terms of a Security, the Issuer may require the Holder of the Security to deliver it to
the Trustee. The Trustee may place 

  
 103

 
an appropriate notation on the Security regarding the changed terms and return it to the Holder. Alternatively, if the Issuer or the Trustee so determines, the Issuer in exchange for the Security
shall issue and the Trustee shall authenticate a new Security that reflects the changed terms. Failure to make the appropriate notation or to issue a new Security shall not affect the validity of such amendment, supplement or waiver. 

SECTION 9.06 Trustee to Sign Amendments. 
 The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article 9 if the amendment does not adversely affect the rights, duties, liabilities or immunities of the
Trustee. If it does, the Trustee may but need not sign it. In signing such amendment, the Trustee shall be entitled to receive indemnity reasonably satisfactory to it and shall be provided with, and (subject to Section 7.01) shall be
fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment, supplement or waiver is authorized or permitted by this Indenture and that such amendment, supplement or waiver is the legal, valid
and binding obligation of the Issuer and the Guarantors (if any), enforceable against them in accordance with its terms, subject to customary exceptions, and complies with the provisions hereof (including Section 9.03). 

SECTION 9.07 Payment for Consent. 
 Neither the Issuer nor any Affiliate of the Issuer shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an
inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Securities unless such consideration is offered to be paid to all Holders that so consent, waive or agree to amend in the time frame set forth
in solicitation documents relating to such consent, waiver or agreement. 
 SECTION 9.08 Additional Voting Terms; Calculation
of Principal Amount. 
 All Securities issued under this Indenture shall vote and consent together on all matters (as to
which any of such Securities may vote) as one class and no series of Securities will have the right to vote or consent as a separate class on any matter. Determinations as to whether Holders of the requisite aggregate principal amount of Securities
have concurred in any direction, waiver or consent shall be made in accordance with this Article 9 and Section 2.14. 
 ARTICLE 10 
 [Intentionally Omitted.] 

  
 104

 ARTICLE 11 
 GUARANTEES 
 SECTION 11.01 Guarantees. 

(a) Although initially there are no Guarantees under this Indenture, this Article 11 describes the terms of any Guarantees that may be
required to be issued hereunder from time to time pursuant to Section 4.11 hereof, and will apply to any Person only from and after the date it becomes a Guarantor. Each Guarantor (if any) hereby jointly and severally, irrevocably and
unconditionally guarantees on an unsecured senior basis, as a primary obligor and not merely as a surety, to each Holder and to the Trustee and its successors and assigns (i) the full and punctual payment when due, whether at Stated Maturity,
by acceleration, by redemption or otherwise, of all obligations of the Issuer under this Indenture (including obligations to the Trustee) and the Securities, whether for payment of principal of, premium, if any, or interest on in respect of the
Securities and all other monetary obligations of the Issuer under this Indenture and the Securities and (ii) the full and punctual performance within applicable grace periods of all other obligations of the Issuer whether for fees, expenses,
indemnification or otherwise under this Indenture and the Securities (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed Obligations may be extended or
renewed, in whole or in part, without notice or further assent from each such Guarantor, and that each such Guarantor shall remain bound under this Article 11 notwithstanding any extension or renewal of any Guaranteed Obligation. 

(b) Each Guarantor waives presentation to, demand of payment from and protest to the Issuer of any of the Guaranteed Obligations and also
waives notice of protest for nonpayment. Each Guarantor waives notice of any default under the Securities or the Guaranteed Obligations. The obligations of each Guarantor hereunder shall not be affected by (i) the failure of any Holder or the
Trustee to assert any claim or demand or to enforce any right or remedy against the Issuer or any other Person under this Indenture, the Securities or any other agreement or otherwise; (ii) any extension or renewal of this Indenture, the
Securities or any other agreement; (iii) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities or any other agreement; (iv) the release of any security held by any Holder or
the Trustee for the Guaranteed Obligations or any Guarantor; (v) the failure of any Holder or Trustee to exercise any right or remedy against any other guarantor of the Guaranteed Obligations; or (vi) any change in the ownership of such
Guarantor, except as provided in Section 11.02(b). 
 (c) Each Guarantor hereby waives any right to which it may be
entitled to have its obligations hereunder divided among the Guarantors, such that such Guarantor’s obligations would be less than the full amount claimed. Each Guarantor hereby waives any right to which it may be entitled to have the assets of
the Issuer first be used and depleted as payment of the Issuer’s or such Guarantor’s obligations hereunder prior to any amounts being claimed 

  
 105

 
from or paid by such Guarantor hereunder. Each Guarantor hereby waives any right to which it may be entitled to require that the Issuer be sued prior to an action being initiated against such
Guarantor. 
 (d) Each Guarantor further agrees that its Guarantee herein constitutes a guarantee of payment, performance and
compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee to any security held for payment of the Guaranteed Obligations. 

(e) The Guarantee of each Guarantor is equal in right of payment to all existing and future Pari Passu Indebtedness, senior in right of
payment to all existing and future Subordinated Indebtedness of the Issuer and subordinated and subject in right of payment to the prior payment in full of the principal of and premium, if any, and interest on all Secured Indebtedness of the
relevant Guarantor and is made subject to such provisions of this Indenture. 
 (f) Except as expressly set forth in Sections
8.01(b), 11.02 and 11.06, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, 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 Guaranteed Obligations or otherwise. Without limiting the generality of the
foregoing, the obligations of each Guarantor herein shall not be discharged or impaired or otherwise affected by the failure of any Holder or the Trustee 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 Guarantor or would otherwise operate as a discharge of any Guarantor as a matter of law or equity. 
 (g) Each Guarantor agrees that its Guarantee shall remain in full force and effect until payment in full of all the Guaranteed Obligations. Each Guarantor further agrees that its 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 Guaranteed Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the
bankruptcy or reorganization of the Issuer or otherwise. 
 (h) In furtherance of the foregoing and not in limitation of any
other right which any Holder or the Trustee has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Issuer to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due,
whether at maturity, by acceleration, by redemption or otherwise, or to perform or comply with any other Guaranteed Obligation, each Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be
paid, in cash, to the Holders or the Trustee an amount equal to the sum of (i) the 

  
 106

 
unpaid principal amount of such Guaranteed Obligations, (ii) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by applicable law) and
(iii) all other monetary obligations of the Issuer to the Holders and the Trustee. 
 (i) Each Guarantor agrees that it
shall not be entitled to any right of subrogation in relation to the Holders in respect of any Guaranteed Obligations guaranteed hereby until payment in full of all Guaranteed Obligations and all obligations to which the Guaranteed Obligations are
subordinated. Each Guarantor further agrees that, as between it, on the one hand, and the Holders and the Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in Article 6
for the purposes of any Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations guaranteed hereby, and (ii) in the event of any declaration of
acceleration of such Guaranteed Obligations as provided in Article 6, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable by such Guarantor for the purposes of this Section 11.01.

 (j) Each Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees and expenses)
incurred by the Trustee or any Holder in enforcing any rights under this Section 11.01. 
 (k) Upon request of the
Trustee, each Guarantor shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

SECTION 11.02 Limitation on Liability. 
 (a) Any term or provision of this Indenture to the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed hereunder by any Guarantor shall not exceed the maximum
amount that can be hereby guaranteed without rendering this Indenture, as it relates to such Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors
generally. 
 (b) A Guarantee as to any Guarantor shall terminate and be of no further force or effect and such Guarantor shall
be deemed to be released from all obligations under this Article 11 upon: 
 (i) the sale, disposition or
other transfer (including through merger or consolidation) of the Capital Stock (including any sale, disposition or other transfer following which the applicable Guarantor is no longer a Restricted Subsidiary) of the applicable Guarantor if such
sale, disposition or other transfer is made in compliance with this Indenture, 

  
 107

 (ii) the Company designating such Guarantor to be an Unrestricted Subsidiary
in accordance with the provisions set forth under Section 4.04 and the definition of “Unrestricted Subsidiary,” 
 (iii) in the case of any Restricted Subsidiary that is required to guarantee the Securities pursuant to Section 4.11, the release or discharge of the guarantee by such Restricted Subsidiary of
Indebtedness of the Company or any Restricted Subsidiary of the Company or such Restricted Subsidiary or the repayment of the Indebtedness or Disqualified Stock, in each case, which resulted in the obligation to guarantee the Securities, and

 (iv) the Issuer’s exercise of its defeasance options under Article 8, or if the Issuer’s
obligations under this Indenture are discharged in accordance with the terms of this Indenture. 
 In the case of clause (b)(i)
above, such Guarantor shall be released from its guarantees, if any, of, and all pledges and security, if any, granted in connection with, the Indenture and any other Indebtedness of the Issuer or any Restricted Subsidiary of the Issuer. 

A Guarantee also shall be automatically released upon the applicable Subsidiary ceasing to be a Subsidiary as a result of any foreclosure
of any pledge or security interest securing Bank Indebtedness or other exercise of remedies in respect thereof or if such Subsidiary is released from its guarantees of, and all pledges and security interests granted in connection with, the Indenture
and any other Indebtedness of the Issuer or any Restricted Subsidiary of the Company which results in the obligation to guarantee the Securities. 
 SECTION 11.03 Successors and Assigns. This Article 11 shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the successors and assigns of the
Trustee and the Holders and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred upon that party in this Indenture and in the Securities shall automatically extend to and be vested
in such transferee or assignee, all subject to the terms and conditions of this Indenture. 
 SECTION 11.04 No Waiver.

 Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right, power or privilege
under this Article 11 shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and the Holders herein
expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article 11 at law, in equity, by statute or otherwise. 

  
 108

 SECTION 11.05 Modification. 

No modification, amendment or waiver of any provision of this Article 11, nor the consent to any departure by any Guarantor
therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on
any Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstances. 
 SECTION 11.06 Execution of Supplemental Indenture for Future Guarantors. 

Each Subsidiary and other Person which is required to become a Guarantor pursuant to Section 4.11 shall promptly execute and
deliver to the Trustee a supplemental indenture in the form of Exhibit D hereto pursuant to which such Subsidiary or other Person shall become a Guarantor under this Article 11 and shall guarantee the Guaranteed Obligations. Concurrently with
the execution and delivery of such supplemental indenture, the Issuer shall deliver to the Trustee an Opinion of Counsel and an Officers’ Certificate to the effect that such supplemental indenture has been duly authorized, executed and
delivered by such Subsidiary or other Person and that, subject to the application of bankruptcy, insolvency, moratorium, fraudulent conveyance or transfer and other similar laws relating to creditors’ rights generally and to the principles of
equity, whether considered in a proceeding at law or in equity, the Guarantee of such Guarantor is a valid and binding obligation of such Guarantor, enforceable against such Guarantor in accordance with its terms and/or to such other matters as the
Trustee may reasonably request. 
 SECTION 11.07 Non-Impairment. 

The failure to endorse a Guarantee on any Security shall not affect or impair the validity thereof. 

ARTICLE 12 

[Reserved] 

  
 109

 ARTICLE 13 
 MISCELLANEOUS 
 SECTION 13.01 Trust Indenture Act Controls.

 If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or with
another provision (an “incorporated provision”) included in this Indenture by operation of, Sections 310 to 318 of the TIA, inclusive, such imposed duties or incorporated provision shall control. 

SECTION 13.02 Notices. 
 (a) Any notice or communication required or permitted hereunder shall be in writing and delivered in person, via facsimile or mailed by first-class mail addressed as follows: 

  
 110

 if to the Issuer or a Guarantor (if any): 

Rexnord Holdings, Inc. 
 4701 Greenfield Avenue 
 Milwaukee, Wisconsin 53214 

Attention of: General Counsel 
 Facsimile: (414) 643-2510 
 if to the Trustee: 

Well Fargo Bank, National Association 
 230 West Monroe Street, Suite 2900 
 Chicago, IL 60606 

Attention of: Greg S. Clarke, Corporate Trust Services 
 Facsimile: (312) 726-2158 
 The Issuer or the Trustee by notice to the other may designate
additional or different addresses for subsequent notices or communications. 
 (b) Any notice or communication mailed to a
Holder shall be mailed, first class mail, to the Holder at the Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 

(c) Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other
Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it, except that notices to the Trustee are effective only if received. 

SECTION 13.03 Communication by the Holders with Other Holders. 

The Holders may communicate pursuant to Section 312(b) of the TIA with other Holders with respect to their rights under this
Indenture or the Securities. The Issuer, the Trustee, the Registrar and other Persons shall have the protection of Section 312(c) of the TIA. 
 SECTION 13.04 Certificate and Opinion as to Conditions Precedent. 
 Upon
any request or application by the Issuer to the Trustee to take or refrain from taking any action under this Indenture, the Issuer shall furnish to the Trustee at the request of the Trustee: 

(a) an Officers’ Certificate in form reasonably satisfactory to the Trustee stating that, in the opinion of the signers, all
conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

  
 111

 (b) an Opinion of Counsel in form reasonably satisfactory to the Trustee stating that, in
the opinion of such counsel, all such conditions precedent have been complied with. 
 SECTION 13.05 Statements Required in
Certificate or Opinion. 
 Each certificate or opinion with respect to compliance with a covenant or condition provided for
in this Indenture (other than pursuant to Section 4.09) shall include: 
 (a) a statement that the individual making
such certificate or opinion has read such covenant or condition; 
 (b) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a
statement that, in the opinion of such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied with;
provided, however, that with respect to matters of fact an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public officials. 
 SECTION 13.06 When Securities Disregarded. 
 In determining whether the
Holders of the required principal amount of Securities have concurred in any direction, waiver or consent, Securities owned by the Issuer, any Guarantor or by any Person directly or indirectly controlling or controlled by or under direct or indirect
common control with the Issuer or any Guarantor shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only
Securities which the Trustee knows are so owned shall be so disregarded. Subject to the foregoing, only Securities outstanding at the time shall be considered in any such determination. 

SECTION 13.07 Rules by Trustee, Paying Agent and Registrar. 

The Trustee may make reasonable rules for action by or a meeting of the Holders. The Registrar and a Paying Agent may make reasonable
rules for their functions. 
 SECTION 13.08 Legal Holidays. 

If a payment date is not a Business Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall
accrue on any amount that would 

  
 112

 
have been otherwise payable on such payment date if it were a Business Day for the intervening period. If a regular record date is not a Business Day, the record date shall not be affected.

 SECTION 13.09 GOVERNING LAW. 
 THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 

SECTION 13.10 No Recourse Against Others. 
 No director, officer, employee, manager, incorporator or holder of any Equity Interests in the Issuer or of any Guarantor or any direct or indirect parent corporation, as such, shall have any liability
for any obligations of the Issuer or the Guarantors under the Securities or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives and
releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. 
 SECTION
13.11 Successors. 
 All agreements of the Issuer and each Guarantor (if any) in this Indenture and the Securities shall
bind its successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 SECTION 13.12 Multiple
Originals. 
 The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of
them together represent the same agreement. One signed copy is enough to prove this Indenture. 
 SECTION 13.13 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. 

SECTION 13.14 Indenture Controls. 
 If and to the extent that any provision of the Securities limits, qualifies or conflicts with a provision of this Indenture, such provision of this Indenture shall control. 

  
 113

 SECTION 13.15 Severability. 

In case any provision in this 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. 

[Remainder of page intentionally left blank] 

  
 114

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

			
	 REXNORD HOLDINGS, INC.

		
	 By:
	 	 /S/ TODD A. ADAMS

		 	Name: Todd A. Adams
		 	 Title:   Senior Vice President, Chief Financial
             Officer & Treasurer

 

			
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION, as Trustee

		
	 By:
	 	 /S/ GREGORY S. CLARKE

		 	Name: Gregory S. Clarke
		 	Title:   Vice President

  
 S-1

 APPENDIX A 
 PROVISIONS RELATING TO ORIGINAL SECURITIES AND ADDITIONAL SECURITIES 
 1.
Definitions. 
 1.1 Definitions. 
 For the purposes of this Appendix A the following terms has the meanings indicated below: 
 “Definitive Security” means a certificated Original Security or Additional Security (bearing the Restricted Securities Legend if the transfer of such Security is restricted by applicable law)
that does not include the Global Securities Legend. 
 “Depository” means The Depository Trust Company, its nominees
and their respective successors. 
 “Global Securities Legend” means the legend set forth under that caption in the
applicable Exhibit to this Indenture. 
 “IAI” means an institutional “accredited investor” as described in
Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 
 “QIB” means a “qualified institutional
buyer” as defined in Rule 144A. 
 “Regulation S” means Regulation S under the Securities Act. 

“Regulation S Securities” means all Original Securities offered and sold outside the United States in reliance on Regulation S.

 “Restricted Period,” with respect to any Securities, means the period of 40 consecutive days beginning on and
including the later of (a) the day on which such Securities are first offered to persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S, notice of which day shall be promptly given by
the Company to the Trustee, and (b) the Exchange Date, and with respect to any Additional Securities, it means the comparable period of 40 consecutive days. 
 “Restricted Securities Legend” means the legend set forth in Section 2.2(f)(i) herein. 
 “Rule 501” means Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 
 “Rule 144A” means Rule 144A under the Securities Act. 
 “Rule 144A
Securities” means all Original Securities offered and sold to QIBs in reliance on Rule 144A. 

  
 1 

 “Securities Custodian” means the custodian with respect to a Global Security (as
appointed by the Depository) or any successor person thereto, who shall initially be the Trustee. 
 “Transfer Restricted
Securities” means Definitive Securities and any other Securities that bear or are required to bear or are subject to the Restricted Securities Legend. 
 “Unrestricted Definitive Security” means Definitive Securities and any other Securities that are not required to bear, or are not subject to, the Restricted Securities Legend. 

1.2 Other Definitions. 
  

			
	 Term:
	  	Defined in Section:
	 Agent Members
	  	2.1(b)
	 Global Securities
	  	2.1(b)
	 Regulation S Global Securities
	  	2.1(b)
	 Rule 144A Global Securities
	  	2.1(b)
	 Regulation S Permanent Global Security
	  	2.1(b)
	 Regulation S Temporary Global Security
	  	2.1(b)

 2. The
Securities. 
 2.1 Form and Dating; Global Securities. 

(a) The Original Securities issued on the date hereof will be (i) offered and sold by the Issuer pursuant to the Indenture and
(ii) resold only to (1) QIBs in reliance on Rule 144A and (2) Persons other than U.S. Persons (as defined in Regulation S) in reliance on Regulation S. Such Original Securities may thereafter be transferred to, among others, QIBs,
purchasers in reliance on Regulation S and, except as set forth below, IAIs in accordance with Rule 501. Additional Securities offered after the date hereof may be offered and sold by the Issuer from time to time pursuant to one or more
Supplementary Indentures in accordance with applicable law. 
 (b) Global Securities. (i) Rule 144A Securities
initially shall be represented by one or more Securities in definitive, fully registered, global form without interest coupons (collectively, the “Rule 144A Global Securities”). 

Regulation S Securities initially shall be represented by one or more Securities in fully registered, global form without interest
coupons (collectively, the “Regulation S Temporary Global Security” and, together with the Regulation S Permanent Global Security (defined below), the “Regulation S Global Securities”), which shall be registered in the name of
the Depository or the nominee of the Depository for the accounts of designated agents holding on behalf of Euroclear or Clearstream. 
 The Restricted Period shall be terminated upon the receipt by the Trustee of: (1) a written certificate from the Depository, together with copies of certificates from Euroclear and Clearstream
certifying that they have received certification of non-United States beneficial 

  
 2 

 
ownership of 100% of the aggregate principal amount of the Regulation S Temporary Global Security (except to the extent of any beneficial owners thereof who acquired an interest therein during
the Restricted Period pursuant to another exemption from registration under the Securities Act and who shall take delivery of a beneficial ownership interest in a 144A Global Security bearing a Private Placement Legend, all as contemplated by this
Appendix A); and (2) an Officers’ Certificate from the Company. 
 Following the termination of the Restricted Period,
beneficial interests in the Regulation S Temporary Global Security shall be exchanged for beneficial interests in a permanent Global Security (the “Regulation S Permanent Global Security”) pursuant to the applicable procedures of the
Depository. Simultaneously with the authentication of the Regulation S Permanent Global Security, the Trustee shall cancel the Regulation S Temporary Global Security. The aggregate principal amount of the Regulation S Temporary Global Security and
the Regulation S Permanent Global Security may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depository or its nominee, as the case may be, in connection with transfers of interest as
hereinafter provided. 
 The provisions of the “Operating Procedures of the Euroclear System” and “Terms and
Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream shall be applicable to transfers of beneficial interests in the Regulation S
Temporary Global Security and the Regulation S Permanent Global Security that are held by Participants through Euroclear or Clearstream. 
 The term “Global Securities” means the Rule 144A Global Securities and the Regulation S Global Securities. The Global Securities shall bear the Global Security Legend. The Global Securities
initially shall (i) be registered in the name of the Depository or the nominee of such Depository, in each case for credit to an account of an Agent Member, (ii) be delivered to the Trustee as custodian for such Depository and
(iii) bear the Restricted Securities Legend. 
 Members of, or direct or indirect participants in, the Depository shall
have no rights under this Indenture with respect to any Global Security held on their behalf by the Depository, or the Trustee as its custodian, or under the Global Securities. The Depository may be treated by the Issuer, the Trustee and any agent
of the Issuer or the Trustee as the absolute owner of the Global Securities for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from giving effect
to any written certification, proxy or other authorization furnished by the Depository, or impair, as between the Depository and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any
Security. 
 (ii) Transfers of Global Securities shall be limited to transfer in whole, but not in part, to the Depository, its
successors or their respective nominees. Interests of beneficial owners in the Global Securities may be transferred or exchanged for Definitive Securities only in accordance with the applicable rules and procedures of the Depository and the
provisions of Section 2.2 of this Appendix. In addition, a Global Security shall be exchangeable for Definitive Securities if (x) the Depository (1) notifies the Company that it is unwilling or unable to continue as depository for
such Global Security and the Company thereupon fails to appoint a successor 

  
 3 

 
depository or (2) has ceased to be a clearing agency registered under the Exchange Act or (y) there shall have occurred and be continuing an Event of Default with respect to such Global
Security; provided that in no event shall the Regulation S Temporary Global Security be exchanged by the Issuer for Definitive Securities prior to (x) the expiration of the Restricted Period and (y) the receipt by the Registrar of
any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act. In all cases, Definitive Securities delivered in exchange for any Global Security or beneficial interests therein shall be registered in the names, and issued in
any approved denominations, requested by or on behalf of the Depository in accordance with its customary procedures. 
 (iii) In
connection with the transfer of a Global Security as an entirety to beneficial owners pursuant to subsection (ii) of this Section 2.1(b), such Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the
Company shall execute, and the Trustee shall authenticate and make available for delivery, to each beneficial owner identified by the Depository in writing in exchange for its beneficial interest in such Global Security, an equal aggregate principal
amount of Definitive Securities of authorized denominations. 
 (iv) Any Transfer Restricted Security delivered in exchange for
an interest in a Global Security pursuant to Section 2.2 shall, except as otherwise provided in Section 2.2, bear the Restricted Securities Legend. 
 (v) Notwithstanding the foregoing, through the Restricted Period, a beneficial interest in such Regulation S Global Security may be held only through Euroclear or Clearstream unless delivery is made in
accordance with the applicable provisions of Section 2.2. 
 (vi) The Holder of any Global Security may grant proxies and
otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities. 

2.2 Transfer and Exchange. 
 (a) Transfer and Exchange of Global Securities. A Global Security may not be transferred as a whole except as set forth in Section 2.1(b). Global Securities will not be exchanged by the Issuer
for Definitive Securities except under the circumstances described in Section in Section 2.1(b)(ii). Global Securities also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.08 of the Indenture. Beneficial
interests in a Global Security may be transferred and exchanged as provided in Section 2.2(b) or 2.2(g). 
 (b) Transfer
and Exchange of Beneficial Interests in Global Securities. The transfer and exchange of beneficial interests in the Global Securities shall be effected through the Depository, in accordance with the provisions of this Indenture and the
applicable rules and procedures of the Depository. Beneficial interests in Restricted Global Securities shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Beneficial
interests in Global Securities shall be transferred or exchanged only for beneficial interests in Global Securities. Transfers and exchanges of beneficial interests in 

  
 4 

 
the Global Securities also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as
applicable: 
 (i) Transfer of Beneficial Interests in the Same Global Security. Beneficial interests in
any Restricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Security in accordance with the transfer restrictions set forth in the Restricted Securities
Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in a Regulation S Global Security may not be made to a U.S. Person or for the account or benefit of a U.S. Person. A
beneficial interest in an Unrestricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security. No written orders or instructions shall be required to be
delivered to the Registrar to effect the transfers described in this Section 2.2(b)(i). 
 (ii) All Other
Transfers and Exchanges of Beneficial Interests in Global Securities. In connection with all transfers and exchanges of beneficial interests in any Global Security that is not subject to Section 2.2(b)(i), the transferor of such beneficial
interest must deliver to the Registrar (1) a written order from an Agent Member given to the Depository in accordance with the applicable rules and procedures of the Depository directing the Depository to credit or cause to be credited a
beneficial interest in another Global Security in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given in accordance with the applicable rules and procedures of the Depository containing
information regarding the Agent Member account to be credited with such increase. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Securities contained in this Indenture and the Securities or
otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Security pursuant to Section 2.2(g). 
 (iii) Transfer of Beneficial Interests to Another Restricted Global Security. A beneficial interest in a Transfer Restricted Global Security may be transferred to a Person who takes delivery
thereof in the form of a beneficial interest in another Transfer Restricted Global Security if the transfer complies with the requirements of Section 2.2(b)(ii) above and the Registrar receives the following: 

(A) if the transferee will take delivery in the form of a beneficial interest in a Rule 144A Global Security, then the
transferor must deliver a certificate in the form attached to the applicable Security; and 
 (B) if the
transferee will take delivery in the form of a beneficial interest in a Regulation S Global Security, then the transferor must deliver a certificate in the form attached to the applicable Security. 

(iv) Transfer and Exchange of Beneficial Interests in a Transfer Restricted Global Security for Beneficial Interests in
an Unrestricted Global Security. A beneficial interest in a Transfer Restricted Global Security may be exchanged by any holder thereof 

  
 5 

 
for a beneficial interest in an Unrestricted Global Security or transferred to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security if the
exchange or transfer complies with the requirements of Section 2.2(b)(ii) above and the Registrar receives the following: 
 (A) if the holder of such beneficial interest in a Restricted Global Security proposes to exchange such beneficial interest for a beneficial interest in an Unrestricted Global Security, a certificate from
such holder in the form attached to the applicable Security; or 
 (B) if the holder of such beneficial interest
in a Restricted Global Security proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, a certificate from such holder in the form attached to
the applicable Security, 
 and, in each such case, if the Company or the Registrar so requests or if the applicable rules and
procedures of the Depository so require, an Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained
herein and in the Restricted Securities Legend are no longer required in order to maintain compliance with the Securities Act. If any such transfer or exchange is effected pursuant to this subparagraph (iv) at a time when an Unrestricted Global
Security has not yet been issued, the Issuer shall issue and, upon receipt of an written order of the Company in the form of an Officers’ Certificate in accordance with Section 2.01, the Trustee shall authenticate one or more Unrestricted
Global Securities in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred or exchanged pursuant to this subparagraph (iv). 

(v) Transfer and Exchange of Beneficial Interests in an Unrestricted Global Security for Beneficial Interests in a
Restricted Global Security. Beneficial interests in an Unrestricted Global Security cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Security. 

(c) Transfer and Exchange of Beneficial Interests in Global Securities for Definitive Securities. A beneficial interest in a
Global Security may not be exchanged for a Definitive Security except under the circumstances described in Section 2.1(b)(ii). A beneficial interest in a Global Security may not be transferred to a Person who takes delivery thereof in the form
of a Definitive Security except under the circumstances described in Section 2.1(b)(ii). In any case, beneficial interests in Global Securities shall be transferred or exchanged only for Definitive Securities. 

(d) Transfer and Exchange of Definitive Securities for Beneficial Interests in Global Securities. Transfers and exchanges of
beneficial interests in the Global Securities also shall require compliance with either subparagraph (i), (ii) or (iii) below, as applicable: 

  
 6 

 (i) Transfer Restricted Securities to Beneficial Interests in Restricted Global
Securities. If any Holder of a Transfer Restricted Security proposes to exchange such Transfer Restricted Security for a beneficial interest in a Restricted Global Security or to transfer such Transfer Restricted Security to a Person who takes
delivery thereof in the form of a beneficial interest in a Restricted Global Security, then, upon receipt by the Registrar of the following documentation: 
 (A) if the Holder of such Transfer Restricted Security proposes to exchange such Transfer Restricted Security for a beneficial interest in a Restricted Global Security, a certificate from such Holder in
the form attached to the applicable Security; 
 (B) if such Transfer Restricted Security is being transferred to
a Qualified Institutional Buyer in accordance with Rule 144A under the Securities Act, a certificate from such Holder in the form attached to the applicable Security; 

(C) if such Transfer Restricted Security is being transferred to a Non-U.S. Person in an offshore transaction in
accordance with Rule 903 or Rule 904 under the Securities Act, a certificate from such Holder in the form attached to the applicable Security; 
 (D) if such Transfer Restricted Security is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144 under the Securities Act, a
certificate from such Holder in the form attached to the applicable Security; 
 (E) if such Transfer Restricted
Security is being transferred to an Institutional Accredited Investor in reliance on an exemption from the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate from
such Holder in the form attached to the applicable Security, including the certifications, certificates and Opinion of Counsel, if applicable; or 
 (F) if such Transfer Restricted Security is being transferred to the Company or a Subsidiary thereof, a certificate from such Holder in the form attached to the applicable Security; 

the Trustee shall cancel the Transfer Restricted Security, and increase or cause to be increased the aggregate principal amount of the appropriate
Restricted Global Security. 
 (ii) Transfer Restricted Securities to Beneficial Interests in Unrestricted Global
Securities. A Holder of a Transfer Restricted Security may exchange such Transfer Restricted Definitive Security for a beneficial interest in an Unrestricted Global Security or transfer such Transfer Restricted Security to a Person who takes
delivery thereof in the form of a beneficial interest in an Unrestricted Global Security only if the Registrar receives the following: 

  
 7 

 (A) if the Holder of such Transfer Restricted Security proposes to exchange
such Transfer Restricted Security for a beneficial interest in an Unrestricted Global Security, a certificate from such Holder in the form attached to the applicable Security; or 

(B) if the Holder of such Transfer Restricted Securities proposes to transfer such Transfer Restricted Security to a
Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, a certificate from such Holder in the form attached to the applicable Security, 
 and, in each such case, if the Company or the Registrar so requests or if the applicable rules and procedures of the Depository so require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Restricted Securities Legend are no longer required in order to maintain compliance
with the Securities Act. Upon satisfaction of the conditions of this subparagraph (ii), the Trustee shall cancel the Transfer Restricted Securities and increase or cause to be increased the aggregate principal amount of the Unrestricted Global
Security. If any such transfer or exchange is effected pursuant to this subparagraph (ii) at a time when an Unrestricted Global Security has not yet been issued, the Company shall issue and, upon receipt of an written order of the Company in
the form of an Officers’ Certificate, the Trustee shall authenticate one or more Unrestricted Global Securities in an aggregate principal amount equal to the aggregate principal amount of Transfer Restricted Securities transferred or exchanged
pursuant to this subparagraph (ii). 
 (iii) Unrestricted Definitive Securities to Beneficial Interests in Unrestricted
Global Securities. A Holder of an Unrestricted Definitive Security may exchange such Unrestricted Definitive Security for a beneficial interest in an Unrestricted Global Security or transfer such Unrestricted Definitive Security to a Person who
takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Security and
increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Securities. If any such transfer or exchange is effected pursuant to this subparagraph (iii) at a time when an Unrestricted Global Security has
not yet been issued, the Issuer shall issue and, upon receipt of an written order of the Company in the form of an Officers’ Certificate, the Trustee shall authenticate one or more Unrestricted Global Securities in an aggregate principal amount
equal to the aggregate principal amount of Unrestricted Definitive Securities transferred or exchanged pursuant to this subparagraph (iii). 
 (iv) Unrestricted Definitive Securities to Beneficial Interests in Restricted Global Securities. An Unrestricted Definitive Security cannot be exchanged for, or transferred to a Person who takes
delivery thereof in the form of, a beneficial interest in a Restricted Global Security. 
 (e) Transfer and Exchange of
Definitive Securities for Definitive Securities. Upon request by a Holder of Definitive Securities and such Holder’s compliance with the 

  
 8 

 
provisions of this Section 2.2(e), the Registrar shall register the transfer or exchange of Definitive Securities. Prior to such registration of transfer or exchange, the requesting Holder
shall present or surrender to the Registrar the Definitive Securities duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in
writing. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.2(e). 

(i) Transfer Restricted Securities to Transfer Restricted Securities. A Transfer Restricted Security may be
transferred to and registered in the name of a Person who takes delivery thereof in the form of a Transfer Restricted Security if the Registrar receives the following: 

(A) if the transfer will be made pursuant to Rule 144A under the Securities Act, then the transferor must deliver a
certificate in the form attached to the applicable Security; 
 (B) if the transfer will be made pursuant to Rule
903 or Rule 904 under the Securities Act, then the transferor must deliver a certificate in the form attached to the applicable Security; 
 (C) if the transfer will be made pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144 under the Securities Act, a certificate in the form attached
to the applicable Security; 
 (D) if the transfer will be made to an IAI in reliance on an exemption from the
registration requirements of the Securities Act other than those listed in subparagraphs (A) through (C) above, a certificate in the form attached to the applicable Security; and 

(E) if such transfer will be made to the Company or a Subsidiary thereof, a certificate in the form attached to the
applicable Security. 
 (ii) Transfer Restricted Securities to Unrestricted Definitive Securities. Any
Transfer Restricted Security may be exchanged by the Holder thereof for an Unrestricted Definitive Security or transferred to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security if the Registrar receives the
following: 
 (1) if the Holder of such Transfer Restricted Security proposes to exchange such Transfer
Restricted Security for an Unrestricted Definitive Security, a certificate from such Holder in the form attached to the applicable Security; or 
 (2) if the Holder of such Transfer Restricted Security proposes to transfer such Securities to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Security, a certificate
from such Holder in the form attached to the applicable Security, 

  
 9 

 and, in each such case, if the Registrar so requests, an Opinion of Counsel in form
reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Restricted Securities Legend are no longer required in order
to maintain compliance with the Securities Act. 
 (iii) Unrestricted Definitive Securities to Unrestricted
Definitive Securities. A Holder of an Unrestricted Definitive Security may transfer such Unrestricted Definitive Securities to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security at any time. Upon receipt of a
request to register such a transfer, the Registrar shall register the Unrestricted Definitive Securities pursuant to the instructions from the Holder thereof. 
 (iv) Unrestricted Definitive Securities to Transfer Restricted Securities. An Unrestricted Definitive Security cannot be exchanged for, or transferred to a Person who takes delivery thereof in the
form of, a Transfer Restricted Security. 
 At such time as all beneficial interests in a particular Global Security have been
exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security shall be returned to or retained and canceled by the Trustee in accordance with
Section 2.11. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or
for Definitive Securities, the principal amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depository at the direction of the
Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security shall be
increased accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 
 (f) Legend. 
 (i) Except as permitted by the following paragraph (ii),
(iii) or (iv), each Security certificate evidencing the Global Securities and the Definitive Securities (and all Securities issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form (each
defined term in the legend being defined as such for purposes of the legend only): 
 “THIS NOTE (OR ITS PREDECESSOR) WAS
ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF
SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER 

  
 10 

 
OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 

THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUER THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (I) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) OUTSIDE
THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (III) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (IV)
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT
HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE.” 
 Each
Definitive Security shall bear the following additional legends: 
 “IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL
DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.” 

(ii) Upon any sale or transfer of a Transfer Restricted Security that is a Definitive Security, the Registrar shall permit the Holder
thereof to exchange such Transfer Restricted Security for a Definitive Security that does not bear the legends set forth above and rescind any restriction on the transfer of such Transfer Restricted Security if the Holder certifies in writing to the
Registrar that its request for such exchange was made in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Original Security). 
 (iii) Upon a sale or transfer after the expiration of the Restricted Period of any Security acquired pursuant to Regulation S, all requirements that such Security bear the Restricted Securities Legend
shall cease to apply and the requirements requiring any such Security be issued in global form shall continue to apply. 
 (iv)
Any Securities sold in a registered offering shall not be required to bear the Restricted Securities Legend. 

  
 11 

 (g) Cancellation or Adjustment of Global Security. At such time as all beneficial
interests in a particular Global Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security shall be returned to or retained
and canceled by the Trustee in accordance with Section 2.11 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in
the form of a beneficial interest in another Global Security or for Definitive Securities, the principal amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement shall be made on such Global Security
by the Trustee or by the Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in
another Global Security, such other Global Security shall be increased accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 

(h) Obligations with Respect to Transfers and Exchanges of Securities. 

(i) To permit registrations of transfers and exchanges, the Issuer shall execute and the Trustee shall authenticate, Definitive
Securities and Global Securities at the Registrar’s request. 
 (ii) No service charge shall be made for any registration
of transfer or exchange, but the Issuer may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than any such transfer taxes, assessments or similar
governmental charge payable upon exchanges pursuant to Sections 3.06, 4.06, 4.08 and 9.05 of the Indenture). 
 (iii) Prior to
the due presentation for registration of transfer of any Security, the Issuer, the Trustee, a Paying Agent or the Registrar may deem and treat the person in whose name a Security is registered as the absolute owner of such Security for the purpose
of receiving payment of principal of and interest on such Security and for all other purposes whatsoever, whether or not such Security is overdue, and none of the Issuer, the Trustee, the Paying Agent or the Registrar shall be affected by notice to
the contrary. 
 (iv) All Securities issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence
the same debt and shall be entitled to the same benefits under this Indenture as the Securities surrendered upon such transfer or exchange. 
 (i) No Obligation of the Trustee. 
 (i) The Trustee shall have no
responsibility or obligation to any beneficial owner of a Global Security, a member of, or a participant in the Depository or any other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant or
member thereof, with respect to any ownership interest in the Securities or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption or
repurchase) or the payment of any amount, under or with respect to such Securities. All notices and communications to be given to the 

  
 12 

 
Holders and all payments to be made to the Holders under the Securities shall be given or made only to the registered Holders (which shall be the Depository or its nominee in the case of a Global
Security). The rights of beneficial owners in any Global Security shall be exercised only through the Depository subject to the applicable rules and procedures of the Depository. The Trustee may rely and shall be fully protected in relying upon
information furnished by the Depository with respect to its members, participants and any beneficial owners. 
 (ii) The Trustee
shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any
transfers between or among Depository participants, members or beneficial owners in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when
expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

  
 13 

 EXHIBIT A 
 [FORM OF FACE OF ORIGINAL SECURITY] 
 [Global Securities Legend] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 [Restricted Securities Legend] 

“THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY
NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 
 THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUER THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (I) IN THE UNITED STATES TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) OUTSIDE THE UNITED STATES IN

  
 A-1

 
AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (III) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144
THEREUNDER (IF APPLICABLE) OR (IV) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE
HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE.” 
 Each Definitive Security shall bear the following additional legend: 
 “IN
CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING
RESTRICTIONS.” 

  
 A-2

 [FORM OF ORIGINAL SECURITY] 

 

	 No.         
	 $             

PIK Toggle Senior Note due 2013 
 CUSIP No. 76168T AB0 
 ISIN No. US76168TAB08 

REXNORD HOLDINGS, INC., a Delaware corporation (the “Company” or the “Issuer”), promises to pay to Cede &
Co., or registered assigns, the principal sum listed on the Schedule of Increases or Decreases in Global Security attached hereto on March 1, 2013. 
 Interest Payment Dates: March 1 and September 1 of each year, commencing September 1, 2008. 
 Record Dates: February 15 and August 15 
 Additional provisions of this
Security are set forth on the other side of this Security. 
 IN WITNESS WHEREOF, the parties have caused this instrument to be
duly executed. 
  

			
	REXNORD HOLDINGS, INC.
	By:	 	  

		 	Name:
		 	Title:

 Dated: 

  
 A-3

			
		 	 TRUSTEE’S CERTIFICATE OF

		 	 AUTHENTICATION

		
		 	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee, certifies that this is

one of the Securities

referred to in the Indenture.

		
	BY:	 	  
		 	 Authorized Signatory

  

	*/	                          TO BE
ATTACHED TO GLOBAL SECURITIES—“SCHEDULE OF 

                       
   INCREASES OR DECREASES IN GLOBAL SECURITY”. 

  
 A-4

 [FORM OF REVERSE SIDE OF ORIGINAL SECURITY] 

PIK Toggle Senior Note due 2013 
  

	1.	Interest 

 REXNORD HOLDINGS,
INC., a Delaware 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 set forth below. The Company shall pay interest semiannually on March 1 and September 1 of each year, commencing September 1, 2008. Interest on the Securities shall accrue from the most recent date to which interest has been
paid or duly provided for on the Loans (as defined in the Indenture). Interest shall be computed as provided below. The Company shall pay interest on overdue principal and overdue installments of interest at the rate(s) provided in paragraph
(c) below. 
 (a) For any Interest Period, the Company may, at its option, elect to pay interest on the Securities
(i) entirely in cash (“Cash Interest”), (ii) entirely by increasing the outstanding principal amount of the Securities by the amount of interest accrued during such Interest Period (“PIK Interest”) or
(iii) 50% in Cash Interest and 50% in PIK Interest (“Partial PIK Interest”). The Company must elect (the “Interest Election”) the form of payment of interest with respect to each Interest Period by delivering a
notice to the Paying Agent no later than five Business Days prior to the start of such Interest Period. The Paying Agent shall promptly deliver a corresponding notice to each Holder. In the absence of such an election for any Interest Period,
interest on the Securities shall be payable according to the election for the previous Interest Period. The first payment of interest on the Original Securities due on September 1, 2008 shall be [PIK Interest]. 

(b) Except as otherwise provided in Section 2.16 of the Indenture (which provides for the accrual of interest at the ABR plus the
Applicable Margin under specified circumstances) (i) Cash Interest on the Securities will accrue and be payable at a rate per annum equal to the Adjusted LIBOR plus the Applicable Margin and shall be payable in cash, and (ii) PIK Interest
on the Securities will accrue and be payable at a rate per annum equal to the Adjusted LIBOR plus the Applicable Margin plus 0.75% and shall be payable by increasing the outstanding principal amount of the Securities by the amount of PIK Interest
for the applicable Interest Period, each rate as determined as provided in the Indenture. 
 (c) If all or a portion of
(i) the principal amount of any Security or (ii) any interest payable thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is
(x) in the case of overdue principal, the rate that would otherwise be applicable thereto plus 2% or (y) in the case of any overdue interest, to the extent permitted by applicable law, the then-effective rate plus 2% from and
including the date of such non-payment to but excluding the date on which such amount is paid in full (after as well as before judgment). 

  
 A-5

 (d) Interest on each Security shall accrue from and including the most recent date to which
interest was paid on the Loans for which such Securities were exchanged to but excluding the date of any repayment thereof and shall be payable (i) on each Interest Payment Date, and (ii) on any redemption (on the amount redeemed),
(iii) at maturity (whether by acceleration or otherwise) and (iv) after such maturity, on demand. 
 (e) All
computations of interest hereunder shall be calculated by the Administrative Agent (or by the Company if the Credit Agreement is no longer outstanding) on the basis of a 360-day year for the actual days elapsed, except that interest computed by
reference to the ABR at times when the ABR is based on the prime rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the
first day but excluding the last day). 
 (f) Upon determining the Adjusted LIBOR or ABR for any Interest Period in accordance
with the Indenture, the Administrative Agent (or the Company if the Credit Agreement is no longer outstanding) shall promptly notify the Trustee thereof. Each such determination shall, absent clearly demonstrable error, be final and conclusive and
binding on all parties hereto. The Trustee shall, upon the request of any Holder of outstanding Securities, provide the interest rate then in effect with respect to the Securities. 

 

	2.	Method of Payment 

 The
Issuer shall pay interest on the Securities (except defaulted interest) to the Persons who are registered Holders at the close of business on the February 15 or August 15 next preceding the interest payment date even if Securities are
canceled after the record date and on or before the interest payment date (whether or not a Business Day). Holders must surrender Securities to the Paying Agent to collect principal payments. The Issuer shall pay principal, premium, if any, and
interest in money of the United States of America that at the time of payment is legal tender for payment of public and private debts unless the Issuer elects to pay interest entirely or partially in kind (“PIK Interest”) in accordance
with Section 1 hereof. Payments in respect of the Securities represented by a Global Security (including principal, premium, if any, and cash interest) shall be made by wire transfer of immediately available funds to the accounts specified by
The Depository Trust Company or any successor depositary. The Issuer shall make all payments in respect of a certificated Security (including principal, premium, if any, and interest) at the office of the Paying Agent, except that, at the option of
the Issuer, payment of cash interest may be made 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 Paying Agent to
such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 

  
 A-6

	3.	Paying Agent and Registrar 

Initially, Wells Fargo Bank, National Association, a national banking association (the “Trustee”), will act as Paying Agent and
Registrar. The Issuer may appoint and change any Paying Agent or Registrar without notice. The Issuer or any of its domestically incorporated Wholly Owned Subsidiaries may act as Paying Agent or Registrar. 

 

	4.	Indenture 

 The Issuer
issued the Securities under an Indenture dated as of [August 8, 2008] (the “Indenture”), between the Issuer 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 on the date of the Indenture (the “TIA”). Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the
Indenture. The Securities are subject to all terms and provisions of the Indenture, and the Holders (as defined in the Indenture) are referred to the Indenture and the TIA for a statement of such terms and provisions 

The Securities are senior unsecured obligations of the Issuer. This Security is one of the Original Securities referred to in the
Indenture. The Securities include the Original Securities and any Additional Securities (together with the Original Securities, the “Securities”), all of which are treated as a single class of securities under the Indenture. The Indenture
imposes certain limitations on the ability of the Company and its Restricted Subsidiaries to, among other things, make certain Investments and other Restricted Payments, pay dividends and other distributions, incur Indebtedness, enter into
consensual restrictions upon the payment of certain dividends and distributions by such Restricted Subsidiaries, issue or sell shares of capital stock of the Company and such Restricted Subsidiaries, enter into or permit certain transactions with
Affiliates, create or incur Liens and make Asset Sales. The Indenture also imposes limitations on the ability of the Issuer and each Guarantor (if any) to consolidate or merge with or into any other Person or convey, transfer or lease all or
substantially all of their property. 
 There are no Guarantors at the date of the execution of the Indenture and the issuance
of the Original Security. To guarantee the due and punctual payment of the principal and interest on the Securities and all other amounts payable by the Issuer under the Indenture and the Securities when and as the same shall be due and payable,
whether at maturity, by acceleration or otherwise, according to the terms of the Securities and the Indenture, if Guarantors are added in the future in accordance with the Indenture, such Guarantors (if any) will, jointly and severally,
unconditionally guarantee the Guaranteed Obligations on a senior unsecured basis pursuant to the terms of the Indenture. 
  

	5.	Optional or Special Mandatory Redemption 

 The Securities shall be redeemable at the option of the Issuer or pursuant to the “Special Mandatory Redemption” provisions of Section 3.09 of the Indenture, in whole at any time or in part
from time to time, upon on not less than 30 nor more than 60 days’ prior notice, at 

  
 A-7

 
the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest and additional interest, if any, to the redemption date (subject to the right of
the Holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the periods set forth below: 
  

					
	 Period
	  	Redemption Price	 
	 Exchange Date to September 1, 2008
	  	 	102	% 
		
	 September 2, 2008 to September 1, 2009
	  	 	101	% 
		
	 September 2, 2009 and thereafter
	  	 	100	% 

  

	6.	Sinking Fund 

 The
Securities are not subject to any sinking fund. 
  

	7.	Notice of Redemption 

Notice of redemption will be mailed by first-class mail at least 30 days but not more than 60 days before the redemption date to each
Holder of Securities to be redeemed at his, her or its registered address. Securities in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1.00. If money sufficient to pay the redemption price of and accrued
and unpaid interest on all Securities (or portions thereof) to be redeemed on the redemption date is deposited with a Paying Agent on or before the redemption date and certain other conditions are satisfied, on and after such date, interest ceases
to accrue on such Securities (or such portions thereof) called for redemption. 
  

	8.	Repurchase of Securities at the Option of the 

 Holders upon Change of Control and Asset Sales 
 Upon the occurrence of a
Change of Control, each Holder shall have the right, subject to certain conditions specified in the Indenture, to cause the Issuer to repurchase all or any part 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 the 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 accordance with Sections 3.09, 4.06 and 4.08 of the Indenture, the Issuer will
be required to offer to purchase Securities upon the occurrence of certain events. 

  
 A-8

	9.	[Reserved] 

  

	10.	Denominations; Transfer; Exchange 

 The Securities are in registered form, without coupons, in denominations of $2,000, except that PIK Notes may be issued in minimum denominations of $1.00 and integral multiples thereof (rounded up to the
nearest whole dollar), and increases in principal amount of Global Notes as a result of a PIK Payment may be made in integral multiples of $1.00 (rounded up to the nearest whole dollar). A Holder shall register the transfer of or exchange of
Securities in accordance with the Indenture. Upon any registration of transfer or exchange, the Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay any taxes
required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Securities selected for redemption (except, in the case of a Security to be redeemed in part, the portion of the Security not to be
redeemed) or to transfer or exchange any Securities for a period of 15 days prior to a selection of Securities to be redeemed. 
  

	11.	Persons Deemed Owners 

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

 

	12.	Unclaimed Money 

 If money
for the payment of principal or interest remains unclaimed for two years, the Trustee and a Paying Agent shall pay the money back to the Issuer at its written request unless escheat and abandoned property laws designate another Person. After any
such payment, the Holders entitled to the money must look to the Issuer for payment as general creditors and the Trustee and a Paying Agent shall have no further liability with respect to such monies. 

 

	13.	Discharge and Defeasance 

Subject to certain conditions, the Issuer at any time may terminate some of or all its obligations under the Securities and the Indenture
if the Issuer deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be. 

 

	14.	Amendment; Waiver 

Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities may be amended with the written consent
of the Holders of at least a majority in aggregate principal amount of the outstanding Securities (voting as a single class) and (ii) any past default or compliance with any provisions may be waived with the written consent of the Holders of at
least a majority in principal amount of the outstanding Securities. Subject to certain exceptions set forth in the Indenture, without the consent of any Holder, the Issuer and the Trustee may amend the Indenture or the Securities (i) to cure
any ambiguity, omission, defect 

  
 A-9

 
or inconsistency; (ii) to provide for the assumption by a Successor Company of the obligations of the Issuer under the Indenture and the Notes; (iii) to provide for the assumption by a
Successor Guarantor of the obligations of a Guarantor under the Indenture and its Guarantee; (iv) to provide for uncertificated Securities in addition to or in place of certificated Securities (provided 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); (v) to add Guarantees with respect to the Securities;
(vi) to add additional covenants of the Issuer for the benefit of the Holders or to surrender rights and powers conferred on the Issuer; (vii) to comply with the requirements of the SEC in order to effect or maintain the qualification of
the Indenture under the TIA; (viii) to make any change that does not adversely affect the rights of any Holder; or (ix) to provide for the issuance of Additional Securities. 

 

	15.	Defaults and Remedies 

 If
an Event of Default occurs (other than an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Issuer) and is continuing, the Trustee or the Holders of at least 25% in principal amount of the outstanding
Securities, in each case, by notice to the Issuer, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Securities to be due and payable. If an Event of Default relating to certain events of bankruptcy,
insolvency or reorganization of the Issuer occurs, the principal of, premium, if any, and interest on all the Securities shall become immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. Under
certain circumstances, the Holders of a majority in principal amount of the outstanding Securities may rescind any such acceleration with respect to the Securities and its consequences. 

If an Event of Default occurs and is continuing, the Trustee shall be under no obligation to exercise any of the rights or powers under
the Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee reasonable indemnity or security against any loss, liability or expense and certain other conditions are complied with. Except to enforce
the right to receive payment of principal, premium (if any) or interest when due, no Holder may pursue any remedy with respect to the Indenture or the Securities unless (i) such Holder has previously given the Trustee notice that an Event of
Default is continuing, (ii) the Holders of at least 25% in principal amount of the outstanding Securities have requested the Trustee in writing to pursue the remedy, (iii) such Holders have offered the Trustee reasonable security or
indemnity against any loss, liability or expense, (iv) the Trustee has not complied with such request within 60 days after the receipt of the request and the offer of security or indemnity and (v) the Holders of a majority in principal
amount of the outstanding Securities have not given the Trustee a direction inconsistent with such request within such 60-day period. Subject to certain restrictions, the Holders of a majority in principal amount of the outstanding Securities are
given the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. The Trustee, however, may refuse to follow any direction that
conflicts with law or the Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal liability. Prior to taking any action under the

  
 A-10

 
Indenture, the Trustee shall be entitled to indemnification satisfactory to it in its sole discretion against all losses, liabilities and expenses caused by taking or not taking such action.

  

	16.	Trustee Dealings with the Issuer 

 Subject to certain limitations imposed by the TIA, 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 Issuer or its Affiliates and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee. 

 

	17.	No Recourse Against Others 

No director, officer, employee, incorporator or holder of any equity interests in the Issuer or of any Guarantor or any direct or indirect
parent corporation, as such, shall have any liability for any obligations of the Issuer or any Guarantors under the Securities, the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder
of Securities by accepting a Security waives and releases all such liability. 
  

	18.	Authentication 

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

 

	19.	Abbreviations 

 Customary
abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and
U/G/M/A (=Uniform Gift to Minors Act). 
  

	20.	Governing Law 

 THIS
SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 
  

	21.	CUSIP Numbers; ISINs 

 The
Issuer has caused CUSIP numbers and ISINs to be printed on the Securities and has directed the Trustee to use CUSIP numbers and ISINs in notices of redemption as a convenience to the Holders. No representation is made as to the accuracy of such
numbers either as printed on the Securities or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

  
 A-11

 The Issuer will furnish to any Holder of Securities upon written request and without
charge to the Holder a copy of the Indenture which has in it the text of this Security. 

  
 A-12

 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 Issuer.
 The agent may substitute another to act for him.

		
	 	  	 
		
	
Date:                       
                                       

	  	Your Signature:                        
                                         
             
		
	 	  	 
	 Sign exactly as your name appears on the other side of this Security.

		  	
	 Signature Guarantee:
	  	
		
	
Date:                       
                                       

	  	  

		
	 Signature must be guaranteed by a participant
 in a recognized signature guaranty medallion
 program or other signature guarantor
program
 reasonably acceptable to the Trustee
	  	Signature of Signature Guarantee

  
 A-13

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFER RESTRICTED SECURITIES 
 This certificate relates to $            principal amount of Securities held in (check applicable space)
        book-entry or         definitive form by the undersigned. 
 The undersigned (check one box below): 
  

	 ̈	has requested the Trustee by written order to deliver in exchange for its beneficial interest in the Global Security held by the Depository a Security or Securities in
definitive, registered form of authorized denominations and an aggregate principal amount equal to its beneficial interest in such Global Security (or the portion thereof indicated above); 

 

	 ̈	has requested the Trustee by written order to exchange or register the transfer of a Security or Securities. 

In connection with any transfer of any of the Securities evidenced by this certificate occurring prior to the expiration of the period referred to in
Rule 144(k) under the Securities Act, the undersigned confirms that such Securities are being transferred in accordance with its terms: 
 CHECK
ONE BOX BELOW 
  

					
	(1)	 	     ̈	    	to the Issuer; or
			
	(2)	 	     ̈	    	to the Registrar for registration in the name of the Holder, without transfer; or
			
	(3)	 	     ̈	    	pursuant to an effective registration statement under the Securities Act of 1933; or
			
	(4)	 	     ̈	    	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) that purchases for its own account or for the
account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933; or
			
	(5)	 	     ̈	    	outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933 and
such Security shall be held immediately after the transfer through Euroclear or Clearstream until the expiration of the Restricted Period (as defined in the Indenture); or
			
	(6)	 	     ̈	    	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933) that has furnished
to

  
 A-14

					
	 	 	 	    	the Trustee a signed letter containing certain representations and agreements; or
			
	(7)	 	     ̈  	    	 pursuantto another available exemption from registration provided by Rule 144 under the Securities Act of
1933.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Securities
evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (5), (6) or (7) is checked, the Issuer or the Trustee may require, prior to registering any such
transfer of the Securities, such legal opinions, certifications and other information as the Issuer or the Trustee have reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act of 1933. 
  

			
	
Date:                       
                                       

	  	Your
Signature:                                       
                           
		
	Signature Guarantee:	  	

  

			
	
Date:                       
                                       

	  	                             
                                         
                                         
       
	  
 Signature must be guaranteed by a participant

in a recognized signature guaranty medallion

program or other signature guarantor program

reasonably acceptable to the Trustee
	  	Signature of Signature Guarantee

  

 

  
 A-15

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Security for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, and is aware that the sale to it is being made in reliance on Rule
144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the
undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

			
	Dated:                            
                                         
                 	 	  

		 	NOTICE: To be executed by an executive officer

  
 A-16

 [TO BE ATTACHED TO GLOBAL SECURITIES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 
 The initial principal amount of this Global Security is $            . 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-17

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Issuer pursuant to Section 4.06 (Asset Sale) or 4.08 (Change of
Control) of the Indenture, check the box: 
  

			
	 Asset
Sale   ̈
	 	Change of Control   ̈

If you want to elect to have only part of this Security purchased by the Issuer pursuant to Section 4.06 (Asset Sale) or 4.08
(Change of Control) of the Indenture, state the amount: 
 $            

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

	
	Signature
Guarantee:                                       
                                         
          
	
	 Signature must be guaranteed by a participant in a

recognized signature guaranty medallion program or other

signature guarantor program reasonably acceptable to the

Trustee

 

  
 A-18

 EXHIBIT B 
 [FORM OF] 
 TRANSFEREE LETTER OF REPRESENTATION 

Rexnord Holdings, Inc. 
 c/o Wells Fargo Bank,
National Association 
 230 West Monroe Street, Suite 2900 
 Chicago, IL 60606 
 Attention of: Corporate Trust Services 

Attention: Vice President 
 Ladies and Gentlemen:

 This certificate is delivered to request a transfer of
$[            ] principal amount of the PIK Toggle Senior Notes due 2013 (the “Securities”) of REXNORD HOLDINGS, INC. (the “Issuer”). 

Upon transfer, the Securities would be registered in the name of the new beneficial owner as follows: 

 

	
	 Name:
                                         
              

	 Address:
                                         
         

	 Taxpayer ID Number:
                            

The undersigned represents and warrants to you that: 
 1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)),
purchasing for our own account or for the account of such an institutional “accredited investor” at least $100,000 principal amount of the Securities, and we are acquiring the Securities not with a view to, or for offer or sale in
connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Securities, and we invest in
or purchase securities similar to the Securities in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its investment. 

2. We understand that the Securities have not been registered under the Securities Act and, unless so registered, may not be sold except
as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Securities to offer, sell or otherwise transfer such Securities prior to the date that is two years after the later
of the date of original issue and the last date on which either the Issuer or any affiliate of such Issuer was the owner of such Securities (or any predecessor thereto) (the “Resale Restriction Termination Date”) only (a) in the
United States to a person whom we reasonably believe is a qualified institutional buyer (as defined in rule 144A under the Securities 

  
 B-1

 
Act) in a transaction meeting the requirements of Rule 144A, (b) outside the United States in an offshore transaction in accordance with Rule 904 of Regulation S under the Securities Act,
(c) pursuant to an exemption from registration under the Securities Act provided by Rule 144 thereunder (if applicable) or (d) pursuant to an effective registration statement under the Securities Act, in each of cases (a) through
(d) in accordance with any applicable securities laws of any state of the United States. In addition, we will, and each subsequent holder is required to, notify any purchaser of the Security evidenced hereby of the resale restrictions set forth
above. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Securities is proposed to be made to an institutional “accredited investor” prior to
the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the Issuer and the Trustee, which shall provide, among other things, that the transferee is an
institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Securities for investment purposes and not for distribution in violation of the
Securities Act. Each purchaser acknowledges that the Issuer and the Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Securities pursuant to clause 1(b), 1(c) or 1(d) above
to require the delivery of an opinion of counsel, certifications or other information satisfactory to the Issuer and the Trustee. 
  

			
	
Dated:                       
                                         
          
	 	
		
		 	
TRANSFEREE:                      
                                ,

		
		 	
By:                       
                                         
                                      

  
 B-2

 EXHIBIT C 
 [FORM OF SUPPLEMENTAL INDENTURE] 
 SUPPLEMENTAL INDENTURE (this “Supplemental
Indenture”) dated as of [        ], among [GUARANTOR] (the “New Guarantor”), a subsidiary of REXNORD HOLDINGS, INC. (or its successor), a Delaware corporation (the “Company” or the
“Issuer”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee under the indenture referred to below (the “Trustee”). 
 W I T N E S S E T H : 
 WHEREAS the Issuer and any existing Guarantors have
heretofore executed and delivered to the Trustee an indenture (as amended, supplemented or otherwise modified, the “Indenture”) dated as of [August 8], 2008, providing for the issuance of the Issuer’s PIK Toggle Senior Notes due 2013
(the “Securities”); 
 WHEREAS Section 4.11 of the Indenture provides that under certain circumstances the Issuer
is required to cause the New Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall unconditionally guarantee all the Issuer’s Obligations under the Securities and the Indenture
pursuant to a Guarantee on the terms and conditions set forth herein; and 
 WHEREAS pursuant to Sections 9.01 and 11.06 of the
Indenture, the Trustee, the Issuer and the New Guarantor are authorized to execute and deliver this Supplemental Indenture; 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the New Guarantor, the Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Securities as follows: 
 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, except that the term
“Holders” in this Supplemental Indenture shall refer to the term “Holders” as defined in the Indenture and the Trustee acting on behalf of and 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. 

2. Agreement to Guarantee. The New Guarantor hereby agrees, jointly and severally with all existing Guarantors (if any), to
unconditionally guarantee the Issuer’s Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in Article 11 of the Indenture and to be bound by all other applicable provisions of the Indenture
and the Securities and to perform all of the obligations and agreements of a Guarantor under the Indenture. 

  
 C-1

 3. Notices. All notices or other communications to the New Guarantor shall be given
as provided in Section 13.02 of the Indenture. 
 4. 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. 
 5. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

 6. Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this
Supplemental Indenture. 
 7. Counterparts. The parties may sign any number of copies of this Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement. 
 8. Effect of Headings.
The Section headings herein are for convenience only and shall not effect the construction thereof. 

  
 C-2

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

			
	[NEW GUARANTOR]
		
	By:	 	  

		
		 	Name:
		
		 	Title:
	
	REXNORD HOLDINGS, INC.
		
	By:	 	  

		
		 	Name:
		
		 	Title:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE
		
	By:	 	  

		
		 	Name:
		
		 	Title:

  
 C-3Credit Agreement - dated as of March 2, 2007

 EXECUTION COPY 

 
  

 
 Exhibit 10.27 

$459,000,000 

CREDIT AGREEMENT 
 Dated as of March 2, 2007, 
 Among 

REXNORD HOLDINGS, INC., 
 as Borrower, 
 THE LENDERS PARTY HERETO, 

CREDIT SUISSE, 

as Administrative Agent, 
 and 
 BANC OF AMERICA BRIDGE LLC, 

as Syndication Agent, 
  

 
 CREDIT SUISSE
SECURITIES (USA) LLC, 
 as Joint Lead Arranger and Joint Bookrunning Manager 

and 
 BANC OF
AMERICA SECURITIES LLC, 
 as Joint Lead Arranger and Joint Bookrunning Manager 

 
  

 

 TABLE OF CONTENTS 

ARTICLE I 

DEFINITIONS 
  

							
	 SECTION 1.01.
	  	Defined Terms	  	 	1	  
			
	 SECTION 1.02.
	  	Terms Generally	  	 	39	  

 ARTICLE II 
 THE CREDITS 

 

							
	 SECTION 2.01.
	  	Commitments	  	 	40	  
			
	 SECTION 2.02.
	  	[Reserved]	  	 	40	  
			
	 SECTION 2.03.
	  	Notice of Borrowing	  	 	40	  
			
	 SECTION 2.04.
	  	Disbursement of Funds	  	 	41	  
			
	 SECTION 2.05.
	  	Repayment of Loans; Evidence of Debt	  	 	41	  
			
	 SECTION 2.06.
	  	[Reserved]	  	 	42	  
			
	 SECTION 2.07.
	  	Pro Rata Borrowings	  	 	42	  
			
	 SECTION 2.08.
	  	Interest	  	 	42	  
			
	 SECTION 2.09.
	  	Interest Periods	  	 	43	  
			
	 SECTION 2.10.
	  	Increased Costs, Illegality, etc	  	 	44	  
			
	 SECTION 2.11.
	  	Compensation	  	 	46	  
			
	 SECTION 2.12.
	  	Change Of Lending Office	  	 	46	  
			
	 SECTION 2.13.
	  	Notice of Certain Costs	  	 	46	  
			
	 SECTION 2.14.
	  	Voluntary Prepayments	  	 	46	  
			
	 SECTION 2.15.
	  	Special Mandatory Prepayment	  	 	47	  
			
	 SECTION 2.16.
	  	Method and Place of Payment	  	 	47	  
			
	 SECTION 2.17.
	  	Net Payments	  	 	48	  
			
	 SECTION 2.18.
	  	[Reserved]	  	 	49	  
			
	 SECTION 2.19.
	  	Limit on Rate of Interest	  	 	49	  
			
	 SECTION 2.20.
	  	Pro Rata Sharing	  	 	50	  
			
	 SECTION 2.21.
	  	Adjustments; Set-off	  	 	50	  

 ARTICLE III

 REPRESENTATIONS AND WARRANTIES 
  

							
	 SECTION 3.01.
	  	Organization; Powers	  	 	51	  

  
 i 

							
			
	 SECTION 3.02.
	  	Authorization	  	 	51	  
			
	 SECTION 3.03.
	  	Enforceability	  	 	52	  
			
	 SECTION 3.04.
	  	Governmental Approvals	  	 	52	  
			
	 SECTION 3.05.
	  	Financial Statements	  	 	52	  
			
	 SECTION 3.06.
	  	No Material Adverse Effect	  	 	52	  
			
	 SECTION 3.07.
	  	Title to Properties; Possession Under Leases	  	 	52	  
			
	 SECTION 3.08.
	  	Subsidiaries	  	 	53	  
			
	 SECTION 3.09.
	  	Litigation; Compliance With Laws	  	 	53	  
			
	 SECTION 3.10.
	  	Federal Reserve Regulations	  	 	54	  
			
	 SECTION 3.11.
	  	Investment Company Act	  	 	54	  
			
	 SECTION 3.12.
	  	Use of Proceeds	  	 	54	  
			
	 SECTION 3.13.
	  	Tax Returns	  	 	54	  
			
	 SECTION 3.14.
	  	No Material Misstatements	  	 	55	  
			
	 SECTION 3.15.
	  	Employee Benefit Plans	  	 	55	  
			
	 SECTION 3.16.
	  	Environmental Matters	  	 	56	  
			
	 SECTION 3.17.
	  	[Reserved]	  	 	56	  
			
	 SECTION 3.18.
	  	[Reserved]	  	 	56	  
			
	 SECTION 3.19.
	  	Solvency	  	 	56	  
			
	 SECTION 3.20.
	  	Labor Matters	  	 	57	  
			
	 SECTION 3.21.
	  	Insurance	  	 	57	  
			
	 SECTION 3.22.
	  	No Default	  	 	57	  
			
	 SECTION 3.23.
	  	Intellectual Property; Licenses, etc.	  	 	57	  

 ARTICLE IV 
 CONDITIONS OF LENDING 

 

							
	 SECTION 4.01.
	  	Loan Documents	  	 	58	  
			
	 SECTION 4.02.
	  	No Default; Representations and Warranties	  	 	58	  
			
	 SECTION 4.03.
	  	Notice of Borrowing	  	 	58	  
			
	 SECTION 4.04.
	  	Other Conditions Precedent	  	 	58	  

 ARTICLE V 
 SUCCESSOR COMPANY 

 

							
	 SECTION 5.01.
	  	When Borrower May Merge or Transfer Assets	  	 	59	  

  
 ii 

 ARTICLE VI 
 COVENANTS 
  

							
	 SECTION 6.01.
	  	Payment of Loans	  	 	61	  
			
	 SECTION 6.02.
	  	Reports and Other Information	  	 	61	  
			
	 SECTION 6.03.
	  	Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock	  	 	62	  
			
	 SECTION 6.04.
	  	Limitation on Restricted Payments	  	 	67	  
			
	 SECTION 6.05.
	  	Dividend and Other Payment Restrictions Affecting Subsidiaries	  	 	73	  
			
	 SECTION 6.06.
	  	Asset Sales	  	 	75	  
			
	 SECTION 6.07.
	  	Transactions with Affiliates	  	 	78	  
			
	 SECTION 6.08.
	  	[Reserved]	  	 	81	  
			
	 SECTION 6.09.
	  	Compliance Certificate	  	 	81	  
			
	 SECTION 6.10.
	  	[Reserved]	  	 	81	  
			
	 SECTION 6.11.
	  	Future Guarantors	  	 	81	  
			
	 SECTION 6.12.
	  	Liens	  	 	81	  
			
	 SECTION 6.13.
	  	Exchange Offer	  	 	81	  

 ARTICLE VII 
 EVENTS OF DEFAULT 

 

							
	 SECTION 7.01.
	  	Events of Default	  	 	84	  
			
	 SECTION 7.02.
	  	Acceleration	  	 	85	  
			
	 SECTION 7.03.
	  	Other Remedies	  	 	86	  
			
	 SECTION 7.04.
	  	Waiver of Past Defaults	  	 	86	  
			
	 SECTION 7.05.
	  	Control by Majority	  	 	86	  
			
	 SECTION 7.06.
	  	Limitation on Suits	  	 	87	  
			
	 SECTION 7.07.
	  	Rights of the Lenders To Receive Payment	  	 	87	  
			
	 SECTION 7.08.
	  	No Personal Liability of Directors, Officers, Employees, Managers and Stockholders	  	 	87	  

 ARTICLE VIII 
 THE ADMINISTRATIVE AGENT 

 

							
	 SECTION 8.01.
	  	Appointment	  	 	88	  

  
 iii

							
			
	 SECTION 8.02.
	  	Delegation of Duties	  	 	88	  
			
	 SECTION 8.03.
	  	Exculpatory Provisions	  	 	88	  
			
	 SECTION 8.04.
	  	Reliance by Administrative Agent	  	 	88	  
			
	 SECTION 8.05.
	  	Notice Of Default	  	 	89	  
			
	 SECTION 8.06.
	  	Non-Reliance on Administrative Agent and Other Lenders	  	 	89	  
			
	 SECTION 8.07.
	  	Indemnification	  	 	90	  
			
	 SECTION 8.08.
	  	Administrative Agent In Its Individual Capacity	  	 	90	  
			
	 SECTION 8.09.
	  	Successor Agent	  	 	90	  
			
	 SECTION 8.10.
	  	Withholding Tax	  	 	91	  

 ARTICLE IX 
 MISCELLANEOUS 

 

							
	 SECTION 9.01.
	  	Amendments and Waivers	  	 	91	  
			
	 SECTION 9.02.
	  	Notices	  	 	92	  
			
	 SECTION 9.03.
	  	No Waiver; Cumulative Remedies	  	 	94	  
			
	 SECTION 9.04.
	  	Survival of Representations and Warranties	  	 	94	  
			
	 SECTION 9.05.
	  	Payment of Expenses	  	 	94	  
			
	 SECTION 9.06.
	  	Successors and Assigns; Participations and Assignments	  	 	95	  
			
	 SECTION 9.07.
	  	Replacements of Lenders Under Certain Circumstances	  	 	98	  
			
	 SECTION 9.08.
	  	[Reserved]	  	 	99	  
			
	 SECTION 9.09.
	  	Counterparts	  	 	99	  
			
	 SECTION 9.10.
	  	Severability	  	 	99	  
			
	 SECTION 9.11.
	  	Integration	  	 	100	  
			
	 SECTION 9.12.
	  	Governing Law	  	 	100	  
			
	 SECTION 9.13.
	  	Submission to Jurisdiction; Consent to Service; Waivers	  	 	100	  
			
	 SECTION 9.14.
	  	Acknowledgments	  	 	101	  
			
	 SECTION 9.15.
	  	Waivers Of Jury Trial	  	 	101	  
			
	 SECTION 9.16.
	  	Confidentiality	  	 	101	  
			
	 SECTION 9.17.
	  	No Advisory or Fiduciary Responsibility	  	 	102	  
			
	 SECTION 9.18.
	  	USA Patriot Act	  	 	102	  
			
	 SECTION 9.19.
	  	Conversion of Currencies	  	 	103	  
			
	 SECTION 9.20.
	  	Platform; Borrower Materials	  	 	103	  
			
	 SECTION 9.21.
	  	Binding Effect	  	 	104	  

  
 iv 

			
	 Exhibits and Schedules
	  	
	 Exhibit A
	  	Form of Assignment and Acceptance
	 Exhibit B
	  	Solvency Certificate
	 Exhibit C
	  	Form of Note
		
	 Schedule 1.01(c)F
	  	Immaterial Subsidiaries
	 Schedule 2.01
	  	Commitments and Lenders
	 Schedule 3.07(b)
	  	Possession Under Leases
	 Schedule 3.08(a)
	  	Subsidiaries
	 Schedule 3.16
	  	Environmental Matters
	 Schedule 3.21
	  	Insurance

  
 v 

 CREDIT AGREEMENT (this “Agreement”), dated as of March 2, 2007,
among REXNORD HOLDINGS, INC., a Delaware corporation (together with its successors, the “Borrower”), the LENDERS (as hereinafter defined) from time to time party hereto, CREDIT SUISSE, as administrative agent for the Lenders
(“CS” or, together with any successor administrative agent appointed pursuant hereto, in such capacity, the “Administrative Agent”) and Banc of America Bridge LLC, as syndication agent (in such capacity, the
“Syndication Agent”). 
 WHEREAS, the Borrower intends to pay a distribution to its equity holders and to enter
into certain other transactions related thereto (the “Contemplated Transactions”); 
 WHEREAS, in connection
with the consummation of the Contemplated Transactions and the payment of certain fees and expenses related thereto, the Borrower has requested the Lenders to extend credit in the form of Loans on the Closing Date in an initial aggregate principal
amount not in excess of $459,000,000. 
 NOW, THEREFORE, the Lenders are willing to extend such credit to the Borrower on the
terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: 
 ARTICLE I 

 Definitions 
 SECTION 1.01. Defined Terms. As used in this Agreement, the following terms shall have the meanings specified below: 

“ABR” shall mean, for any day, a fluctuating interest rate per annum in effect from time to
time, which rate per annum shall at all times be equal to the higher of (a) the rate of interest per annum determined by CS as its prime rate in effect at its principal office in New York, New York, and notified to the Borrower and (b)  1/2 of 1% per annum above the Federal Funds Rate.

 “ABR Loan” shall mean a Loan bearing interest at a rate equal to the ABR plus the Applicable
Margin. 
 “Acquired Indebtedness” means, with respect to any specified Person: 

(i) Indebtedness of any other Person existing at the time such other Person is merged, consolidated or amalgamated with or into or became
a Restricted Subsidiary of such specified Person, and 
 (ii) Indebtedness secured by a Lien encumbering any asset acquired by
such specified Person. 
 “Acquisition Documents” means, collectively, the Apollo Acquisition Documents
and the Jacuzzi Acquisition Documents. 

  
 1 

 “Additional Interest” shall have the meaning set forth in
Section 6.13(d). 
 “Additional Opco 2014 Senior Notes” means $310.0 million in aggregate
principal amount of Opco 2014 Senior Notes, issued on February 7, 2006. 
 “Adjusted Actual
Payment” shall have the meaning set forth in Section 2.15. 
 “Adjusted LIBOR”
shall mean, with respect to any Interest Period, an interest rate per annum equal to the product of (a) the LIBOR in effect for such Interest Period and (b) Statutory Reserves. 

“Administrative Agent” shall have the meaning assigned to such term in the preamble hereto. 

“Administrative Questionnaire” shall have the meaning set forth in Section 9.06(b)(ii)(D).

 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of
voting securities, by agreement or otherwise. 
 “Affiliate Transaction” shall have the meaning assigned
to such term in Section 6.07(a). 
 “Agents” shall mean the Administrative Agent and the
Syndication Agent. 
 “Aggregate Inclusion” shall have the meaning set forth in
Section 2.15. 
 “Agreement” shall have the meaning assigned to such term in the preamble
hereto, as amended from time to time in accordance with the terms hereof. 
 “Agreement Currency” shall
have the meaning set forth in Section 9.19(b). 
 “Applicable Creditor” shall have the
meaning set forth in Section 9.19(b). 
 “Apollo Acquisition” means the acquisition by
Affiliates of the Sponsors of substantially all of the outstanding shares of capital stock of Opco, pursuant to the terms of the Apollo Merger Agreement. 
 “Apollo Acquisition Documents” means the Apollo Merger Agreement and any other document entered into in connection therewith, in each case as amended, supplemented or modified from
time to time prior to July 21, 2006 or thereafter (so long as any amendment, supplement or modification after July 21, 2006, together with all other amendments, supplements and modifications after July 21, 2006, taken as a whole, is
not more disadvantageous to the 

  
 2 

 
lenders of the Loans in any material respect than the Apollo Merger Agreement as in effect on July 21, 2006). 
 “Apollo Merger Agreement” means the agreement and plan of merger, dated as of May 24, 2006, by and among Chase Acquisition I, Inc., a Delaware corporation, Chase Merger Sub,
Inc, a Delaware corporation, Opco and TC Group, L.L.C., a Delaware limited liability company, as amended, supplemented or modified from time to time prior to July 21, 2006 or thereafter (so long as any amendment, supplement or modification
after July 21, 2006, together with all other amendments, supplements and modifications after July 21, 2006, taken as a whole, is not more disadvantageous to the lenders of the Loans in any material respect than the Apollo Merger Agreement
as in effect on July 21, 2006). 
 “Apollo Sponsors” shall have the meaning assigned to such term
under the definition of “Sponsors.” 
 “Apollo Transactions” means, collectively, the Apollo
Acquisition and the transactions related thereto, the offering of the Original Opco 2014 Senior Notes and the Opco Subordinated Notes and borrowings made pursuant to the Opco Credit Agreement on July 21, 2006. 

“Applicable Margin” shall mean for each Interest Period means 6.25% (or 5.25% in the case of an ABR Loan).

 “Approved Fund” shall have the meaning assigned to such term in Section 9.06(b).

 “Asset Sale” means: 
 (1) the sale, conveyance, transfer or other disposition (whether in a single transaction or a series of related transactions) of property or assets (including by way of a Sale and Lease-Back Transaction)
outside the ordinary course of business of the Borrower or any Restricted Subsidiary of the Borrower (each referred to in this definition as a “disposition”) or 
 (2) the issuance or sale of Equity Interests (other than directors’ qualifying shares and shares issued to foreign nationals or other third parties to the extent required by applicable law) of any
Restricted Subsidiary (other than to the Borrower or another Restricted Subsidiary of the Borrower) (whether in a single transaction or a series of related transactions), 
 in each case other than: 
 (a) a disposition of Cash Equivalents or Investment
Grade Securities or obsolete or worn-out property or equipment in the ordinary course of business; 
 (b) the disposition of all
or substantially all of the assets of the Borrower in a manner permitted pursuant to Section 5.01 or any disposition that constitutes a Change of Control; 

  
 3 

 (c) any Restricted Payment or Permitted Investment that is permitted to be made, and is
made, under Section 6.04; 
 (d) any disposition of assets or issuance or sale of Equity Interests of any Restricted
Subsidiary, which assets or Equity Interests so disposed or issued have an aggregate Fair Market Value of less than $7.5 million; 
 (e) any disposition of property or assets, or the issuance of securities, by a Restricted Subsidiary of the Borrower to the Borrower or by the Borrower or a Restricted Subsidiary of the Borrower to a
Restricted Subsidiary of the Borrower; 
 (f) any exchange of assets (including a combination of assets and Cash Equivalents)
for assets related to a Similar Business of comparable or greater market value or usefulness to the business of the Borrower and its Restricted Subsidiaries as a whole, as 
 determined in good faith by the Borrower, which in the event of an exchange of assets with a Fair Market Value in excess of (A) $7.5 million shall be evidenced by an Officers’ Certificate, and
(B) $15.0 million shall be set forth in a resolution approved in good faith by at least a majority of the Board of Directors of the Borrower; 
 (g) foreclosure on assets of the Borrower or any of its Restricted Subsidiaries; 

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

(i) the lease, assignment or sublease of any real or personal property in the ordinary course of business; 

(j) any sale of inventory or other assets in the ordinary course of business; 

(k) any grant in the ordinary course of business of any license of patents, trademarks, know-how or any other intellectual property;

 (l) a transfer of accounts receivable and related assets of the type specified in the definition of “Receivables
Financing” (or a fractional undivided interest therein) by a Receivables Subsidiary in a Qualified Receivables Financing; and 
 (m) the sale of any property in a Sale and Lease-Back Transaction within six months of the acquisition of such property. 
 “Asset Sale Offer” shall have the meaning assigned to such term in Section 6.06. 
 “Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an assignee, and accepted by the Administrative Agent and the Borrower (if required
by Section 9.06, in the form of Exhibit A or such other form as shall be approved by the Administrative Agent). 

  
 4 

 “Bank Indebtedness” means any and all amounts payable under or in
respect of the Opco Credit Agreement and the other Opco Credit Documents as amended, restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the
Opco Credit Agreement), including principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Borrower whether or not a claim for post-filing interest
is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof. 
 “Board” shall mean the Board of Governors of the Federal Reserve System of the United States of America. 
 “Board of Directors” means, as to any Person, the board of directors or managers, as applicable, of such Person (or, if such Person is a partnership, the board of directors or
other governing body of the general partner of such Person) or any duly authorized committee thereof. 

“Borrower Materials” shall have the meaning set forth in Section 9.20. 

“Business Day” means a day other than a Saturday, Sunday or other day on which banking institutions are
authorized or required by law to close in New York City or the city in which the Administrative Agent’s principal office is located and, with respect to the determination of Interest Periods and LIBOR, a day that is a London Banking Day.

 “Calculation Date” shall have the meaning set forth in the definition of “Fixed Charge Coverage
Ratio.” 
 “Capital Stock” means: 

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

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

 (4) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of,
or distributions of assets of, the issuing Person. 
 “Capitalized Lease Obligation” means, at the time
any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance
with GAAP. 
 “Cash Contribution Amount” means the aggregate amount of cash contributions made to the
capital of the Borrower described in the definition of “Contribution Indebtedness.” 
 “Cash
Equivalents” means: 

  
 5 

 (1) U.S. Dollars, pounds sterling, euros, the national currency of any member state in the
European Union or, in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by it from time to time in the ordinary course of business; 

(2) securities issued or directly and fully guaranteed or insured by the U.S. government or any country that is a member of the European
Union or any agency or instrumentality thereof in each case maturing not more than two years from the date of acquisition; 

(3) certificates of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of acquisition,
bankers’ acceptances, in each case with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus in excess of $250.0 million and whose long-term debt is rated “A”
or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency); 
 (4) repurchase obligations for underlying securities of the types described in clauses (2) and (3) above entered into with any financial institution meeting the qualifications specified in
clause (3) above; 
 (5) commercial paper issued by a corporation (other than an Affiliate of the Borrower) rated at least
“A-1” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency) and in each case maturing within one year after the date of acquisition; 

(6) readily marketable direct obligations issued by any state of the United States of America or any political subdivision thereof having
one of the two highest rating categories obtainable from either Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency) in each case with maturities not exceeding two years from the date of
acquisition; 
 (7) Indebtedness issued by Persons (other than the Sponsors or any of their Affiliates) with a rating of
“A” or higher from S&P or “A-2” or higher from Moody’s in each case with maturities not exceeding two years from the date of acquisition; and 
 (8) investment funds investing at least 95% of their assets in securities of the types described in clauses (1) through (7) above. 

“Cash Interest” shall have the meaning set forth in Section 2.08(a). 

“Change of Control” shall mean the occurrence of any of the following events: 

(i) the sale, lease or transfer, in one or a series of related transactions, of all or substantially all the assets of the
Borrower and its Subsidiaries, taken as a whole, to a Person (other than any of the Permitted Holders); or 

(ii) the Borrower becomes aware (by way of a report or any other filing pursuant to Section 13(d) of the Exchange
Act, proxy, vote, written notice or otherwise) 

  
 6 

 
of the acquisition by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), including any group acting for
the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than any of the Permitted Holders, in a single transaction or in a related series of transactions, by way of merger,
consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision), of more than 50% of the total voting power of the Voting Stock of the Borrower or
any direct or indirect parent of the Borrower; or 
 (iii) individuals who on the Closing Date constituted the
Board of Directors of the Borrower (together with any new directors whose election by such Board of Directors of the Borrower or whose nomination for election by the shareholders of the Borrower was approved by (a) a vote of a majority of the
directors of the Borrower then still in office who were either directors on the Closing Date or whose election or nomination for election was previously so approved or (b) the Permitted Holders) cease for any reason to constitute a majority of
the Board of Directors of the Borrower then in office. 
 “Closing Date” shall mean March 2, 2007,
the date on which all the conditions set forth in Article IV shall have been satisfied or waived and the Loans were originally made. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 “Commitment” shall mean, with respect to each Lender, the commitment of such Lender to make Loans hereunder as set forth on Schedule 2.01. The initial aggregate amount of
the Lenders’ Commitment is $459,000,000. 
 “Confidential Information” shall have the meaning set
forth in Section 9.16. 
 “Consolidated Interest Expense” means, with respect to any Person
for any period, the sum, without duplication, of: 
 (1) consolidated interest expense of such Person and its Restricted
Subsidiaries for such period, to the extent such expense was deducted in computing Consolidated Net Income (including amortization of original issue discount, the interest component of Capitalized Lease Obligations, and net payments and receipts (if
any) pursuant to interest rate Hedging Obligations and excluding amortization of deferred financing fees, expensing of any bridge or other financing fees and the amortization of original issue discount relating to the Loans); plus 

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

 (3) commissions, discounts, yield and other fees and charges Incurred in connection with any Receivables Financing which are
payable to Persons other than the Borrower and its Restricted Subsidiaries; minus 

  
 7 

 (4) interest income for such period. 

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

(1) any net after-tax extraordinary, nonrecurring or unusual gains or losses or income, expenses or charges (less all fees and expenses
relating thereto), including, without limitation, any severance expenses, and fees, expenses or charges related to any equity offering, Permitted Investment, acquisition or Indebtedness permitted to be Incurred by this Agreement (in each case,
whether or not successful), including any such fees, expenses, charges or change of control payments made under the Acquisition Documents or otherwise related to the Transactions, in each case, shall be excluded; 

(2) any increase in amortization or depreciation or any one-time non-cash charges or increases or reductions in Net Income, in each case
resulting from purchase accounting in connection with the Transactions or any acquisition that is consummated after July 21, 2006 shall be excluded; 
 (3) the Net Income for such period shall not include the cumulative effect of a change in accounting principles during such period; 

(4) any net after-tax income or loss from discontinued operations and any net after-tax gains or losses on disposal of discontinued
operations shall be excluded; 
 (5) any net after-tax gains or losses (less all fees and expenses or charges relating thereto)
attributable to business dispositions or asset dispositions other than in the ordinary course of business (as determined in good faith by the Board of Directors of the Borrower) shall be excluded; 

(6) any net after-tax gains or losses (less all fees and expenses or charges relating thereto) attributable to the early extinguishment
of indebtedness shall be excluded; 
 (7) the Net Income for such period of any Person that is not a Subsidiary of such Person,
or is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into cash) to
the referent Person or a Restricted Subsidiary thereof in respect of such period; 
 (8) solely for the purpose of determining
the amount available for Restricted Payments under clause (A) of the definition of Cumulative Credit, the Net Income for such period of any Restricted Subsidiary shall be excluded to the extent that the declaration or payment of dividends or
similar distributions by such Restricted Subsidiary of its Net Income is not at the date of determination permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of
its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders, unless such restrictions with respect to the payment of dividends or similar
distributions have been legally waived and other than as 

  
 8 

 
may be permitted under Section 6.05; provided that the Consolidated Net Income of such Person shall be increased by the amount of dividends or other distributions or other
payments actually paid in cash (or converted into cash) by any such Restricted Subsidiary to such Person, to the extent not already included therein; 
 (9) an amount equal to the amount of Tax Distributions actually made to any parent of such Person in respect of such period in accordance with Section 6.04(b)(xii) shall be included as though
such amounts had been paid as income taxes directly by such Person for such period; 
 (10) any non-cash impairment charges
resulting from the application of Statement of Financial Accounting Standards (“SFAS”) Nos. 142 and 144 and the amortization of intangibles arising pursuant to SFAS No. 141 shall be excluded; 

(11) any non-cash expense realized or resulting from employee benefit plans or post-employment benefit plans, grants of stock
appreciation or similar rights, stock options or other rights to officers, directors and employees of such Person or any of its Restricted Subsidiaries shall be excluded; 
 (12) any (a) severance or relocation costs or expenses, (b) one-time non-cash compensation charges, (c) the costs and expenses after July 21, 2006 related to employment of terminated
employees, (d) costs or expenses realized in connection with, resulting from or in anticipation of the Transactions or (e) costs or expenses realized in connection with or resulting from stock appreciation or similar rights, stock options
or other rights existing on the Closing Date of officers, directors and employees, in each case of such Person or any of its Restricted Subsidiaries, shall be excluded; 
 (13) accruals and reserves that are established within 12 months after the Closing Date and that are so required to be established in accordance with GAAP shall be excluded; 

(14) solely for purposes of calculating EBITDA, (a) the Net Income of any Person and its Restricted Subsidiaries shall be calculated
without deducting the income attributable to, or adding the losses attributable to, the minority equity interests of third parties in any non-wholly-owned Restricted Subsidiary except to the extent of dividends declared or paid in respect of such
period or any prior period on the shares of Capital Stock of such Restricted Subsidiary held by such third parties and (b) any ordinary course dividend, distribution or other payment paid in cash and received from any Person in excess of
amounts included in clause (7) above shall be included; 
 (15)(a)(i) the non-cash portion of “straight-line”
rent expense shall be excluded and (ii) the cash portion of “straight-line” rent expense which exceeds the amount expensed in respect of such rent expense shall be included and (b) non-cash gains, losses, income and expenses
resulting from fair value accounting required by SFAS No. 133 shall be excluded; 
 (16) unrealized gains and losses
relating to hedging transactions and mark-to-market of Indebtedness denominated in foreign currencies resulting from the applications of Financial Accounting Standards 52 shall be excluded; 

  
 9 

 (17) solely for the purpose of calculating Restricted Payments, the difference, if positive,
of the Consolidated Taxes of the Borrower calculated in accordance with GAAP and the actual Consolidated Taxes paid in cash by the Borrower during any Reference Period shall be included; and 

(18) amortization of original issue discount relating to the Loans shall be excluded. 

Notwithstanding the foregoing, for the purpose of Section 6.04 only, there shall be excluded from Consolidated Net Income any
dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries of the Borrower or a Restricted Subsidiary of the Borrower to the extent such dividends, repayments or transfers increase the amount of Restricted
Payments permitted under clauses (D) and (E) of the definition of “Cumulative Credit.” 

“Consolidated Non-cash Charges” means, with respect to any Person for any period, the aggregate depreciation,
amortization and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person for such period on a consolidated basis and otherwise determined in accordance with GAAP, but excluding any such
charge which consists of or requires an accrual of, or cash reserve for, anticipated cash charges for any future period. 

“Consolidated Taxes” means provision for taxes based on income, profits or capital, including, without
limitation, state, franchise and similar taxes and any Tax Distributions taken into account in calculating Consolidated Net Income. 
 “Consolidated Total Assets” shall mean, as of any date, the total assets of Borrower and its consolidated Subsidiaries, determined in accordance with GAAP, as set forth on the
consolidated balance sheet of the Borrower as of such date. 
 “Contemplated Transactions” shall have
the meaning assigned to such term in the preamble hereto. 
 “Contingent Obligations” means, with
respect to any Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in
any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent: 
 (1) to purchase any such primary obligation or any property constituting direct or indirect security therefor, 
 (2) to advance or supply funds: 
 (a) for the purchase or payment of any such
primary obligation; or 
 (b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the
net worth or solvency of the primary obligor; or 

  
 10 

 (3) to purchase property, securities or services primarily for the purpose of assuring the
owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 
 “Contribution Indebtedness” means Indebtedness of the Borrower or any Restricted Subsidiary in an aggregate principal amount not greater than twice the aggregate amount of cash
contributions (other than Excluded Contributions) made to the capital of the Borrower or such Restricted Subsidiary after the Closing Date; provided that: 
 (1) such cash contributions have not been used to make a Restricted Payment, 
 (2)
if the aggregate principal amount of such Contribution Indebtedness is greater than the aggregate amount of such cash contributions to the capital of the Borrower or such Restricted Subsidiary, as the case may be, the amount in excess shall be
Indebtedness (other than Secured Indebtedness) with a Stated Maturity later than the Stated Maturity of the Loans, and 
 (3)
such Contribution Indebtedness (a) is Incurred within 180 days after the making of such cash contributions and (b) is so designated as Contribution Indebtedness pursuant to an Officers’ Certificate on the Incurrence date thereof.

 “Cumulative Credit” means the sum of (without duplication): 

(A) 50% of the Consolidated Net Income of the Borrower for the period (taken as one accounting period, the “Reference
Period”) from July 1, 2006 to the end of the Borrower’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment (or, in the case such Consolidated Net Income
for such period is a deficit, minus 100% of such deficit), plus 
 (B) 100% of the aggregate net proceeds, including cash
and the Fair Market Value (as determined in accordance with the next succeeding sentence) of property other than cash, received by the Borrower after July 21, 2006, from the issue or sale of Equity Interests of the Borrower (excluding Refunding
Capital Stock, Designated Preferred Stock, Excluded Contributions, Disqualified Stock and the Cash Contribution Amount), including Equity Interests issued upon conversion of Indebtedness or Disqualified Stock or upon exercise of warrants or options
(other than an issuance or sale to a Restricted Subsidiary of the Borrower or an employee stock ownership plan or trust established by the Borrower or any of its Subsidiaries), plus 

(C) 100% of the aggregate amount of contributions to the capital of the Borrower received in cash and the Fair Market Value (as
determined in accordance with the next succeeding sentence) of property other than cash after July 21, 2006 (other than Excluded Contributions, Refunding Capital Stock, Designated Preferred Stock, Disqualified Stock and the Cash Contribution
Amount), plus 
 (D) the principal amount of any Indebtedness, or the liquidation preference or maximum fixed repurchase
price, as the case may be, of any Disqualified Stock of the Borrower or any Restricted Subsidiary thereof issued after July 21, 2006 (other than Indebtedness or Disqualified Stock issued to a Restricted Subsidiary) which has been converted into
or 

  
 11 

 
exchanged for Equity Interests in the Borrower (other than Disqualified Stock) or any direct or indirect parent of the Borrower (provided in the case of any parent, such Indebtedness or
Disqualified Stock is retired or extinguished), plus 
 (E) 100% of the aggregate amount received by the Borrower or any
Restricted Subsidiary in cash and the Fair Market Value (as determined in accordance with the next succeeding sentence) of property other than cash received by the Borrower or any Restricted Subsidiary from: 

(i) the sale or other disposition (other than to the Borrower or a Restricted Subsidiary of the Borrower) of Restricted
Investments made by the Borrower and its Restricted Subsidiaries and from repurchases and redemptions of such Restricted Investments from the Borrower and its Restricted Subsidiaries by any Person (other than the Borrower or any of its Restricted
Subsidiaries) and from repayments of loans or advances which constituted Restricted Investments (other than in each case to the extent that the Restricted Investment was made pursuant to clause (vii) or (x) of Section 6.04(b)),

 (ii) the sale (other than to the Borrower or a Restricted Subsidiary of the Borrower) of the Capital Stock of
an Unrestricted Subsidiary, or 
 (iii) a distribution or dividend from an Unrestricted Subsidiary, plus

 (F) in the event any Unrestricted Subsidiary of the Borrower has been redesignated as a Restricted Subsidiary or has been
merged, consolidated or amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, the Borrower or a Restricted Subsidiary of the Borrower, the Fair Market Value (as determined in accordance with the next succeeding
sentence) of the Investment of the Borrower in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable), after taking into account any Indebtedness associated
with the Unrestricted Subsidiary so designated or combined or any Indebtedness associated with the assets so transferred or conveyed (other than in each case to the extent that the designation of such Subsidiary as an Unrestricted Subsidiary was
made pursuant to clause (vii) or (x) of Section 6.04(b) or constituted a Permitted Investment). 
 The
Fair Market Value of property other than cash covered by clauses (B), (C), (D), (E) and (F) of this definition of “Cumulative Credit” shall be determined in good faith by the Borrower and 

(x) in the event of property with a Fair Market Value in excess of $7.5 million, shall be set forth in an Officers’ Certificate or

 (y) in the event of property with a Fair Market Value in excess of $15.0 million, shall be set forth in a resolution approved
by at least a majority of the Board of Directors of the Borrower. 
 “Default” means any event or
condition that is, or that upon notice, lapse of time or both would constitute, an Event of Default. 

  
 12 

 “Designated Non-cash Consideration” means the Fair Market Value of
non-cash consideration received by the Borrower or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting forth the basis of
such valuation, less the amount of Cash Equivalents received in connection with a subsequent sale of such Designated Non-cash Consideration. 
 “Designated Preferred Stock” means Preferred Stock of Opco or any direct or indirect parent of Opco, as applicable (other than Disqualified Stock), that is issued for cash (other
than to the Borrower or any of its Subsidiaries or an employee stock ownership plan or trust established by the Borrower or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on
the issuance date thereof. 
 “Determination Date” with respect to an Interest Period will be the second
London Banking Day preceding the first day of such Interest Period. 
 “Disqualified Stock” means, with
respect to any Person, any Capital Stock of such Person which, by its terms (or by the terms of any security into which it is convertible or for which it is redeemable or exchangeable), or upon the happening of any event: 

(1) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than as a result of a change of
control or asset sale; provided that the relevant asset sale or change of control provisions, taken as a whole, are no more favorable in any material respect to holders of such Capital Stock than the asset sale and change of control
provisions applicable to the Loans and any purchase requirement triggered thereby may not become operative until compliance with the asset sale and change of control provisions applicable to the Loans (including the purchase of any Loans elected to
be prepaid pursuant thereto)), 
 (2) is convertible or exchangeable for Indebtedness or Disqualified Stock of such Person, or

 (3) is redeemable at the option of the holder thereof, in whole or in part, 

in each case prior to 91 days after the maturity date of the Loans; provided, however, that only the portion of Capital Stock which so matures or
is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock; provided, further, however, that if such Capital Stock is issued
to any employee or to any plan for the benefit of employees of the Borrower or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by
the Borrower in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability; provided, further, that any class of Capital Stock of such Person that by its terms
authorizes such Person to satisfy its obligations thereunder by delivery of Capital Stock that is not Disqualified Stock shall not be deemed to be Disqualified Stock. 
 “Domestic Subsidiary” means a Restricted Subsidiary that is not a Foreign Subsidiary. 

  
 13 

 “EBITDA” means, with respect to any Person for any period, the
Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income: 
 (1) Consolidated Taxes; plus 
 (2) Consolidated Interest Expense; plus 

(3) Consolidated Non-cash Charges; plus 
 (4) business optimization expenses and other restructuring charges or expenses (which, for the avoidance of doubt, shall include, without limitation, the effect of inventory optimization programs, plant
closures, retention, systems establishment costs and excess pension charges); provided that with respect to each business optimization expense or other restructuring charge, the Borrower shall have delivered to the Administrative Agent an
Officers’ Certificate specifying and quantifying such expense or charge and stating that such expense or charge is a business optimization expense or other restructuring charge, as the case may be; plus 

(5) the amount of management, monitoring, consulting and advisory fees and related expenses paid to the Sponsors (or any accruals
relating to such fees and related expenses) during such period pursuant to the terms of the agreements between the Sponsors and the Borrower and its Subsidiaries as described with particularity in the Opco Offering Circular and as in effect on the
Closing Date; 
 less, without duplication, 
 (6) non-cash items increasing Consolidated Net Income for such period (excluding the recognition of deferred revenue or any items which represent the reversal of any accrual of, or cash reserve for,
anticipated cash charges in any prior period and any items for which cash was received in a prior period). 

“environment” shall mean ambient and indoor air, surface water and groundwater (including potable water,
navigable water and wetlands), the land surface or subsurface strata, natural resources such as flora and fauna, the workplace or as otherwise defined in any Environmental Law. 

“Environmental Laws” shall mean all applicable laws (including common law), rules, regulations, codes,
ordinances, orders, decrees, directives, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by or with any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural
resources, the generation, management, Release or threatened Release of, or exposure to, any Hazardous Material or to health and safety matters (to the extent relating to the environment or Hazardous Materials). 

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

  
 14 

 “ERISA” shall mean the Employee Retirement Income Security Act of
1974, as amended from time to time and any final regulations promulgated and the rulings issued thereunder. 
 “ERISA
Affiliate” shall mean any trade or business (whether or not incorporated) that, together with the Borrower or a Subsidiary of the Borrower, (i) is treated as a single employer under Section 414(b) or (c) of the Code,
or (ii) solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 
 “ERISA Event” shall mean (a) any Reportable Event or the requirements of Section 4043(b) of ERISA apply with respect to a Plan; (b) the existence with respect to any
Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA
of an application for a waiver of the minimum funding standard with respect to any Plan, the failure to make by its due date a required installment under Section 412(m) of the Code with respect to any Plan or the failure to make any required
contribution to a Multiemployer Plan; (d) the incurrence by the Borrower, a Subsidiary of the Borrower or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan or Multiemployer Plan;
(e) the receipt by the Borrower, a Subsidiary of the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or to appoint a trustee to administer any Plan under
Section 4042 of ERISA; (f) the incurrence by the Borrower, a Subsidiary of the Borrower or any ERISA Affiliate of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; (g) the receipt
by the Borrower, a Subsidiary of the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower, a Subsidiary of the Borrower or any ERISA Affiliate of any notice, concerning the impending imposition of
Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA; (h) the conditions for imposition of a lien under Section 302(f) of ERISA
shall have been met with respect to any Plan; or (i) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 307 of ERISA or Section 401(a)(29) of the Code. 

“Event of Default” shall have the meaning assigned to such term in Section 7.01. 

“Exchange” shall have the meaning assigned to such term in Section 6.13(a). 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations of the
SEC promulgated thereunder. 
 “Exchange Date” shall have the meaning assigned to such term in
Section 6.13(a). 
 “Exchange Notes” shall have the meaning assigned to such term in
Section 6.13(a). 
 “Exchange Note Indenture” shall have the meaning assigned to such term
in Section 6.13(a). 

  
 15 

 “Excluded Contributions” means the Cash Equivalents or other assets
(valued at their Fair Market Value as determined in good faith by senior management or the Board of Directors of the Borrower) received by the Borrower after July 21, 2006 from: 

(1) contributions to its common equity capital, and 
 (2) the sale (other than to a Subsidiary of the Borrower or to any Subsidiary management equity plan or stock option plan or any other management or employee benefit plan or agreement) of Capital Stock
(other than Disqualified Stock and Designated Preferred Stock) of the Borrower, 
 and in each case that is designated as Excluded Contributions
pursuant to an Officers’ Certificate on or promptly after the date such capital contributions are made or the date such Capital Stock is sold, as the case may be. 
 “Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, or any other recipient of any payment to be made by or on account of any obligation of the
Borrower hereunder, the following taxes, including interest, penalties or other additions thereto: 
 (a) income
taxes imposed on (or measured by) its net income or franchise taxes imposed on (or measured by) its gross or net income by the United States of America (or any state or locality thereof), or by the jurisdiction under the laws of which such recipient
is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located or any other jurisdiction as a result of such recipient engaging in a trade or business in such jurisdiction
for tax purposes, in each case including any political subdivision thereof, 
 (b) any branch profits taxes
imposed by the United States of America or any similar tax imposed by any other jurisdiction described in clause (a) above, 
 (c) any withholding tax (including any backup withholding tax) that is attributable to a Lender’s failure to comply with Section 2.17(d) (other than as a result of a change in law), and

 (d) any withholding tax (including any backup withholding tax) that is in effect and would apply to amounts
payable hereunder by the Borrower at the time such Lender becomes a party to this Agreement (or designates a new Lending Office), 
 except, in
the case of clause (d) above, to the extent that (i) such Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from the Borrower with respect to
any withholding tax pursuant to Section 2.17(a) or (ii) such withholding tax shall have resulted from the making of any payment to a location other than the office designated by the Administrative Agent or such Lender for the
receipt of payments of the applicable type. 
 “Fair Market Value” means, with respect to any asset or
property, the price which could be negotiated in an arm’s-length, free market transaction, for cash, between a 

  
 16 

 
willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction. 

“Financial Officer” of any Person shall mean the Chief Financial Officer, principal accounting officer,
Treasurer, Assistant Treasurer or Controller of such Person. 
 “Federal Funds Rate” means, for any
period, a fluctuating interest rate per annum equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for
such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 
 “Fee Letter” shall mean that certain Fee Letter dated February 15, 2007, by and among the Borrower, Credit Suisse, Credit Suisse Securities (USA) LLC, and Banc of America
Bridge LLC. 
 “Fees” means the Fees as defined in the Fee Letter. 

“Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the ratio of EBITDA of such
Person for such period to the Fixed Charges of such Person for such period. In the event that the Borrower or any of its Restricted Subsidiaries Incurs, repays, repurchases or redeems any Indebtedness (other than in the case of revolving credit
borrowings or revolving advances under any Qualified Receivables Financing, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during the applicable period) or issues, repurchases or redeems
Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to the event for which the calculation of the Fixed Charge Coverage Ratio is made (the
“Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of
Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period. 

For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers, consolidations and
discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes that the Borrower or any of its Restricted Subsidiaries has both determined to make and made
after July 21, 2006 and during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date (each, for purposes of this definition, a “pro forma event”) shall
be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, consolidations (including the Transactions) discontinued operations and operational changes (and the change of any associated fixed charge
obligations and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or
into the 

  
 17 

 
Borrower or any Restricted Subsidiary since the beginning of such period shall have made any Investment, acquisition, disposition, merger, consolidation, discontinued operation or operational
change, in each case with respect to an operating unit of a business, that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if
such Investment, acquisition, disposition, discontinued operation, merger, consolidation or operational change had occurred at the beginning of the applicable four-quarter period. 

For purposes of this definition, whenever pro forma effect is to be given to any pro forma event, the pro forma calculations shall be
made in good faith by a responsible financial or accounting officer of the Borrower. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Borrower as set forth in an Officers’
Certificate, to reflect (1) operating expense reductions and other operating improvements or synergies reasonably expected to result from the applicable pro forma event (including, to the extent applicable, from the Transactions) and
(2) all adjustments of the nature used in connection with the calculation of “Adjusted EBITDA” as set forth in footnote 3 to the “Summary Historical and Unaudited Pro Forma Financial Data” under “Offering Circular
Summary” in the Opco Offering Circular to the extent such adjustments, without duplication, continue to be applicable to such four-quarter period. 
 If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been
the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness if such Hedging Obligation has a remaining term in excess of 12 months). Interest on a Capitalized Lease Obligation shall be
deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Borrower to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the
computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on
Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none,
then based upon such optional rate chosen as the Borrower may designate. 
 “Fixed Charges” means, with
respect to any Person for any period, the sum, without duplication, of: 
 (1) Consolidated Interest Expense of such Person for
such period, and 
 (2) all cash dividend payments (excluding items eliminated in consolidation) on any series of Preferred
Stock or Disqualified Stock of such Person and its Restricted Subsidiaries. 
 “Foreign Benefit Plan”
shall mean any benefit plan (other than a Plan or a Multiemployer Plan) governed by the laws of a jurisdiction outside of the United States that 

  
 18 

 
under applicable law is required to be funded through a trust or other funding vehicle other than a trust or funding vehicle maintained exclusively by a Governmental Authority. 

“Foreign Lender” shall mean any Lender that is incorporated or organized under the laws of any jurisdiction other
than the United States of America, any State thereof or the District of Columbia. 
 “Foreign
Subsidiary” means a Restricted Subsidiary not organized or existing under the laws of the United States of America or any state or territory thereof or the District of Columbia and any direct or indirect subsidiary of such Restricted
Subsidiary. 
 “GAAP” means generally accepted accounting principles in the United States set forth in
the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other
entity as have been approved by a significant segment of the accounting profession, which are in effect on the Closing Date. For the purposes of this Agreement, the term “consolidated” with respect to any Person shall mean such Person
consolidated with its Restricted Subsidiaries, and shall not include any Unrestricted Subsidiary, but the interest of such Person in an Unrestricted Subsidiary will be accounted for as an Investment. 

“Governmental Authority” shall mean any federal, state, local or foreign court or governmental agency, authority,
instrumentality, regulator or regulatory or legislative body. 
 “guarantee” means a guarantee (other
than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including, without limitation, letters of credit and reimbursement agreements in respect thereof), of all or any
part of any Indebtedness or other obligations. 
 “Hazardous Materials” shall mean all pollutants,
contaminants, wastes, chemicals, materials, substances and constituents, including explosive or radioactive substances or petroleum or petroleum by-products or distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls or
radon gas, of any nature subject to regulation or which can give rise to liability under any Environmental Law. 

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

(1) currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity cap
agreements and currency exchange, interest rate or commodity collar agreements; and 
 (2) other agreements or
arrangements designed to protect such Person against fluctuations in currency exchange, interest rates or commodity prices. 

“Holdco Offering Document” shall have the meaning assigned to such term in Section 6.13(b).

  
 19 

 “Holdco Required Financial Statements” shall have
the meaning assigned to such term in Section 6.13(b). 
 “Immaterial Subsidiary” shall mean
any Subsidiary that (a) did not, as of the last day of the fiscal quarter of the Borrower most recently ended, have assets with a value in excess of 5.0% of the Consolidated Total Assets or revenues representing in excess of 5.0% of total
revenues of the Borrower and its Subsidiaries on a consolidated basis as of such date, and (b) taken together with all Immaterial Subsidiaries as of the last day of the fiscal quarter of the Borrower most recently ended, did not have assets
with a value in excess of 10% of Consolidated Total Assets or revenues representing in excess of 10% of total revenues of the Borrower and its Subsidiaries on a consolidated basis as of such date. Each Immaterial Subsidiary shall be set forth in
Schedule 1.01(c). 
 “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, amalgamation, consolidation, acquisition or otherwise) shall be deemed to be Incurred
by such Person at the time it becomes a Subsidiary. 
 “Indebtedness” means, with respect to any Person:

 (1) the principal and premium (if any) of any indebtedness of such Person, whether or not contingent,
(a) in respect of borrowed money, (b) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement agreements in respect thereof),
(c) representing the deferred and unpaid purchase price of any property, except any such balance that constitutes a trade payable or similar obligation to a trade creditor due within six months from the date on which it is Incurred, in each
case Incurred in the ordinary course of business, which purchase price is due more than six months after the date of placing the property in service or taking delivery and title thereto, (d) in respect of Capitalized Lease Obligations, or
(e) representing any Hedging Obligations, if and to the extent that any of the foregoing indebtedness (other than letters of credit and Hedging Obligations) would appear as a liability on a balance sheet (excluding the footnotes thereto) of
such Person prepared in accordance with GAAP; 
 (2) to the extent not otherwise included, any obligation of such
Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the Indebtedness of another Person (other than by endorsement of negotiable instruments for collection in the ordinary course of business); 

(3) to the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset owned by such
Person (whether or not such Indebtedness is assumed by such Person); provided, however, that the amount of such Indebtedness will be the lesser of: (a) the Fair Market Value of such asset at such date of determination, and (b) the
amount of such Indebtedness of such other Person; and 
 (4) to the extent not otherwise included, with respect
to the Borrower and its Restricted Subsidiaries, the amount then outstanding (i.e., advanced, and received by, and 

  
 20 

 
available for use by, the Borrower or any of its Restricted Subsidiaries) under any Receivables Financing (as set forth in the books and records of the Borrower or any Restricted Subsidiary and
confirmed by the agent, trustee or other representative of the institution or group providing such Receivables Financing); 
 provided,
however, that notwithstanding the foregoing, Indebtedness shall be deemed not to include (1) Contingent Obligations incurred in the ordinary course of business and not in respect of borrowed money; (2) deferred or prepaid revenues;
(3) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller; (4) Obligations under or in respect of Qualified Receivables Financing;
or (5) obligations under the Acquisition Documents. 
 Notwithstanding anything in this Agreement to the contrary,
Indebtedness shall not include, and shall be calculated without giving effect to, the effects of Statement of Financial Accounting Standards No. 133 and related interpretations to the extent such effects would otherwise increase or decrease an
amount of Indebtedness for any purpose under this Agreement as a result of accounting for any embedded derivatives created by the terms of such Indebtedness; and any such amounts that would have constituted Indebtedness under this Agreement but for
the application of this sentence shall not be deemed an Incurrence of Indebtedness under this Agreement. 

“Indemnified Taxes” shall mean all Taxes other than Excluded Taxes and Other Taxes. 

“Independent Financial Advisor” means an accounting, appraisal or investment banking firm or consultant, in each
case of nationally recognized standing, that is, in the good faith determination of the Borrower, qualified to perform the task for which it has been engaged. 
 “Information” shall have the meaning assigned to such term in Section 3.14(a). 
 “Information Memorandum” shall mean the Confidential Information Memorandum, dated February 2007, as modified or supplemented prior to the Closing Date. 

“indemnified liabilities” shall have the meaning assigned to such term in Section 9.05(c).

 “Intellectual Property Rights” shall have the meaning assigned to such term in
Section 3.23(a). 
 “Interest Election” shall have the meaning assigned to such term in
Section 2.08(a). 
 “Interest Payment Date” shall mean the first Business Day of each March,
June, September and December of each year, commencing on June 1, 2007, or such other date as determined pursuant to Section 2.09; provided that after March 1, 2012, interest shall be paid semiannually on the first
Business Day of September and March. 

  
 21 

 “Interest Period” means the period commencing on and including an
Interest Payment Date and ending on and including the day immediately preceding the next succeeding Interest Payment Date, with the exception that the first Interest Period shall commence on and include the Closing Date to but excluding June 1,
2007. 
 “Investment Grade Securities” means: 

(1) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality
thereof (other than Cash Equivalents), 
 (2) securities that have a rating equal to or higher than Baa3 (or
equivalent) by Moody’s or BBB- (or equivalent) by S&P, or an equivalent rating by any other Rating Agency, but excluding any debt securities or loans or advances between and among the Borrower and its Subsidiaries, 

(3) investments in any fund that invests exclusively in investments of the type described in clauses (1) and
(2) which fund may also hold immaterial amounts of cash pending investment and/or distribution, and 
 (4)
corresponding instruments in countries other than the United States customarily utilized for high quality investments and in each case with maturities not exceeding two years from the date of acquisition. 

“Investments” means, with respect to any Person, all investments by such Person in other Persons (including
Affiliates) in the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit and advances to customers and commission, travel and similar advances to officers, employees and consultants made
in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by GAAP to be classified on the balance sheet
of the Borrower in the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property. For purposes of the definition of “Unrestricted Subsidiary” and
Section 6.04: 
 (1) “Investments” shall include the portion (proportionate to the
Borrower’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of a Subsidiary of the Borrower 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 Borrower shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary equal to an amount (if positive) equal to: 

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

 (b) the portion (proportionate to the Borrower’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 

  
 22 

 (2) 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 by the Board of Directors of the Borrower. 
 “Jacuzzi Acquisition Documents” means the Jacuzzi Merger Agreement and any other document entered into in connection therewith, in each case as amended, supplemented or modified
from time to time prior to February 7, 2007 or thereafter (so long as any amendment, supplement or modification after February 7, 2007, together with all other amendments, supplements and modifications after February 7, 2007, taken as
a whole, is not more disadvantageous to the lenders of the Loans in any material respect than the Jacuzzi Merger Agreement as in effect on February 7, 2007). 
 “Jacuzzi Merger Agreement” means the purchase agreement, dated as of October 11, 2006, by and among Opco and Jupiter Acquisition, LLC, a Delaware limited liability company, as
amended, supplemented or modified from time to time prior to February 7, 2007 or thereafter (so long as any amendment, supplement or modification after February 7, 2007, together with all other amendments, supplements and modifications
after February 7, 2007, taken as a whole, is not more disadvantageous to the lenders of the Loans in any material respect than the Jacuzzi Merger Agreement as in effect on February 7, 2007). 

“Jacuzzi Transactions” means, collectively, (i) the merger of Jupiter Merger Sub, Inc.
with and into Jacuzzi Brands, Inc. and the payment of merger consideration in connection therewith, (ii) the sale of the bath products business of Jacuzzi Brands, Inc. to Bath Acquisition Corp., (iii) the contribution of the stock of
Jacuzzi Brands, Inc. to Opco, (iv) the tender offer by Jacuzzi Brands, Inc. for all of its outstanding
9 5/8% Senior Secured Notes due 2010, (v) the
offering of the Additional Opco 2014 Senior Notes and Opco 2016 Senior Notes, (vi) borrowings made pursuant to the Opco Credit Agreement and (vii) the payment of fees and expenses in relation to the foregoing, each of which occurred on or
about February 7, 2007. 
 “Joint Lead Arrangers” shall mean Credit Suisse Securities (USA)
LLC and Banc of America Securities LLC. 
 “Judgment Currency” shall have the meaning set forth in
Section 9.19(b). 
 “Lender” shall mean each financial institution listed on Schedule
2.01, as well as any person that becomes a “Lender” hereunder pursuant to Section 9.06. 

“Lending Office” shall mean, as to any Lender, the applicable branch, office, Affiliate or account (if
appropriate) of such Lender designated by such Lender to make Loans to the Borrower. 
 “Lien” means,
with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional sale or other
title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent
statutes) of any jurisdiction); provided that in no event shall an operating lease be deemed to constitute a Lien. 

  
 23 

 “LIBOR” shall mean, with respect to an Interest Period, the rate
(expressed as a percentage per annum) for deposits in United States dollars for a three-month period beginning on the second London Banking Day after the Determination Date that appears on Page 3750 of the Telerate Service (or on any successor or
substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to these currently provided or on such page of such service, as determined by the Administrative Agent from time to time for
purposes of providing quotation of interest rates applicable to Dollar deposits in the London interbank market) as of 11:00 a.m., London time, on the Determination Date. If Telerate Page 3750 does not include this rate or is unavailable on the
Determination Date, the Administrative Agent shall obtain such rate from Bloomberg’s page “BBAM.” If neither Telerate Page 3750 nor Bloomberg L.P. page “BBAM” includes such rate, the Administrative Agent shall request the
principal London office of each of four major banks in the London interbank market, as selected by the Administrative Agent, to provide that bank’s offered quotation (expressed as a percentage per annum) as of approximately 11:00 a.m., London
time, on the Determination Date to prime banks in the London interbank market for deposits in a Representative Amount in United States dollars for a three-month period beginning on the second London Banking Day after the Determination Date. If at
least two offered quotations are so provided, LIBOR for the Interest Period shall be the arithmetic mean of those quotations. If fewer than two quotations are so provided, the Administrative Agent shall request each of three major banks in New York
City, as selected by the Administrative Agent, to provide that bank’s rate (expressed as a percentage per annum), as of approximately 11:00 a.m., New York City time, on the Determination Date for loans in a Representative Amount in United
States dollars to leading European banks for a three-month period beginning on the second London Banking Day after the Determination Date. If at least two rates are so provided, LIBOR for the Interest Period shall be the arithmetic mean of those
rates. If fewer than two rates are so provided, then LIBOR for the Interest Period shall be LIBOR in effect with respect to the immediately preceding Interest Period. 
 “Loan Documents” shall mean this Agreement and any Note. 

“Loans” shall mean any loan made by any Lender hereunder pursuant to Section 2.01; provided,
however, that other than as set forth in Section 2.01(a), any references to “Loan” shall mean 100% of the principal amount at maturity of the Commitments outstanding at such time; provided, further, that
any references to “Loan” shall also include any increases in principal amount of loans as a result of a payment of PIK Interest pursuant to Section 2.08. 
 “London Banking Day” is any day in which dealings in United States dollars are transacted or, with respect to any future date, are expected to be transacted in the London interbank
market. 
 “Management Group” means the group consisting of the directors, executive officers and other
management personnel of the Borrower or any direct or indirect parent of the Borrower, as the case may be, on the Closing Date together with (1) any new directors whose election by such boards of directors or whose nomination for election by
the shareholders of the Borrower or any direct or indirect parent of the Borrower, as applicable, was approved by a vote of a majority of the directors of the Borrower or any direct or indirect parent of the Borrower, as applicable, then still in
office who were either directors on the Closing Date or whose election or nomination was previously so approved and (2) executive officers and other management 

  
 24 

 
personnel of the Borrower or any direct or indirect parent of the Borrower, as applicable, hired at a time when the directors on the Closing Date together with the directors so approved
constituted a majority of the directors of the Borrower or any direct or indirect parent of the Borrower, as applicable. 

“Margin Stock” shall have the meaning assigned to such term in Regulation U. 

“Material Adverse Effect” shall mean a material adverse effect on the business, property, operations or condition
of the Borrower and its Subsidiaries, taken as a whole, or the validity or enforceability of any of the Loan Documents or the rights and remedies of the Administrative Agent and the Lenders thereunder. 

“Material Subsidiary” shall mean any Subsidiary other than an Immaterial Subsidiary. 

“Maturity Date” shall mean March 1, 2013. 

“Moody’s” shall mean Moody’s Investors Service, Inc. or any successor to the rating agency business
thereof. 
 “Multiemployer Plan” shall mean a multiemployer plan as defined in Section 4001(a)(3)
of ERISA to which the Borrower or any Subsidiary or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding six plan years made or accrued an obligation to make contributions. 

“Net Income” means, with respect to any Person, the net income (loss) of such Person, determined in accordance
with GAAP and before any reduction in respect of Preferred Stock dividends. 
 “Net Proceeds” means the
aggregate cash proceeds received by the Borrower or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received in respect of or upon the sale or other disposition of any Designated Non-cash
Consideration received in any Asset Sale and 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 the assumption by the acquiring
Person of Indebtedness relating to the disposed assets or other consideration received in any other non-cash form), net of the direct costs relating to such Asset Sale and the sale or disposition of such Designated Non-cash Consideration (including,
without limitation, legal, accounting and investment banking fees, and brokerage and sales commissions), and any relocation expenses Incurred as a result thereof, taxes paid or payable as a result thereof (after taking into account any available tax
credits or deductions and any tax sharing arrangements related thereto), amounts required to be applied to the repayment of principal, premium (if any) and interest on Indebtedness required (other than pursuant to Section 6.06(b)(i)) to
be paid as a result of such transaction, and any deduction of appropriate amounts to be provided by the Borrower as a reserve in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction and retained by
the Borrower after such sale or other disposition thereof, including, without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated
with such transaction. 

  
 25 

 “Non-Consenting Lender” shall have the meaning assigned to such term
in Section 9.07(b). 
 “Note” shall mean any promissory note issued to a Lender that
evidences the Loans extended by such Lender to the Borrower. 
 “Notice of Borrowing” shall have the
meaning assigned to such term in Section 2.03. 
 “Obligations” means any principal,
interest, penalties, fees, indemnifications, reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities payable under the documentation
governing any Indebtedness; provided that Obligations with respect to the Loans shall not include fees or indemnifications in favor of the Administrative Agent and other third parties other than the Lenders. 

“Offer Period” shall have the meaning assigned to such term in Section 6.06(d). 

“Officer” means the Chairman of the Board, Chief Executive Officer, Chief Financial Officer, President, any
Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of the Borrower. 

“Officers’ Certificate” means a certificate signed on behalf of the Borrower by two Officers of the
Borrower, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Borrower that meets the requirements set forth in this Agreement; provided, however, that
in the case of any Officers’ Certificate that is dated the Closing Date, only one Officer shall be required to sign such Officers’ Certificate. 
 “Opco” means RBS Global, Inc., a Delaware corporation, and its successors. 
 “Opco Credit Agreement” means (i) the credit agreement, dated as of July 21, 2006, among the Chase Acquisition I, Inc., Opco, Rexnord, the financial institutions party
thereto, and Credit Suisse (as successor-in-interest to Merrill Lynch Capital Corporation), as administrative agent, as amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or
otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time, including any agreement or indenture extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the
Indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof, and
(ii) whether or not the credit agreement referred to in clause (i) remains outstanding, if designated by the Borrower to be included in the definition of “Opco Credit Agreement,” one or more (A) debt facilities or commercial
paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders against such receivables) or letters of
credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or (C) instruments or agreements 

  
 26 

 
evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed,
refinanced, restated, replaced or refunded in whole or in part from time to time. 
 “Opco Credit
Documents” means the collective reference to the Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded,
replaced, restructured, repaid, refinanced or otherwise modified from time to time. 
 “Opco Indentures”
means the indentures governing the Opco Notes, as amended, supplemented or modified from time to time. 

“Opco 2014 Senior Notes” means Opco’s and Rexnord’s 9 1/2% Senior Notes due 2014, including the Additional Opco 2014 Senior
Notes. 
 “Opco 2016 Senior Notes” means Opco’s and Rexnord’s 8 7/8% Senior Notes due 2016. 

“Opco Subordinated Notes” means Opco’s and Rexnord’s 11 3/4% Senior Subordinated Notes due 2016. 

“Opco Notes” means (i) the Opco 2014 Senior Notes, (ii) the Opco 2016 Senior Notes and (iii) the
Opco Subordinated Notes. 
 “Opco Offering Circular” means, collectively, (i) the final offering
circular, dated July 14, 2006, related to the Original Opco 2014 Senior Notes and the Opco Subordinated Notes and (ii) the final offering circular, dated January 31, 2007 related to the Additional Opco 2014 Senior Notes and the Opco
2016 Senior Notes. 
 “Optional Prepayment Premium” means (i) 3.00% of the principal amount of the
Loans prepaid at the option of the Borrower pursuant to Section 2.14 during the period commencing on the Closing Date and ending on September 3, 2007, (ii) 2.00% of the principal amount of the Loans prepaid at the option of the
Borrower pursuant to Section 2.14 during the period commencing on September 4, 2007 and ending on September 1, 2008, and (ii) 1.00% of the principal amount prepaid at the option of the Borrower pursuant to
Section 2.14 during the period commencing on September 2, 2008 and ending on September 1, 2009. 

“Original Opco 2014 Senior Notes” means $485.0 million in aggregate principal amount of Opco 2014 Senior Notes,
issued on July 21, 2006. 
 “Other Taxes” shall mean any and all present or future stamp or
documentary taxes or any other excise, transfer, sales, property, intangible, mortgage recording or similar taxes, charges or levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect
to, the Loan Documents, and any and all interest and penalties related thereto (but not Excluded Taxes). 
 “Pari
Passu Indebtedness” means the Loans and any Indebtedness which ranks pari passu in right of payment to the Loans. 

  
 27 

 “Participant” shall have the meaning assigned to such term in
Section 9.06(c)(i). 
 “Partial PIK Interest” shall have the meaning assigned to such term
in Section 2.08(a). 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred
to and defined in ERISA and any successor entity performing similar functions. 
 “Permitted Holders means,
at any time, each of (i) the Sponsors and (ii) the Management Group. 
 “Permitted
Investments” means: 
 (1) any Investment in the Borrower or any Restricted Subsidiary; 

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

(3) any Investment by the Borrower or any Restricted Subsidiary of the Borrower in a Person if as a result of such
Investment (a) such Person becomes a Restricted Subsidiary of the Borrower, or (b) such Person, in one transaction or a series of related transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys all or
substantially all of its assets to, or is liquidated into, the Borrower or a Restricted Subsidiary of the Borrower; 
 (4) any Investment in securities or other assets not constituting Cash Equivalents and received in connection with an Asset Sale made pursuant to the provisions of Section 6.06 or any other
disposition of assets not constituting an Asset Sale; 
 (5) any Investment existing on, or made pursuant to
binding commitments existing on, the Closing Date; 
 (6) advances to employees not in excess of $15 million
outstanding at any one time in the aggregate; 
 (7) any Investment acquired by the Borrower or any of its
Restricted Subsidiaries (a) in exchange for any other Investment or accounts receivable held by the Borrower or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the
issuer of such other Investment or accounts receivable, or (b) as a result of a foreclosure by the Borrower or any of its Restricted Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured
Investment in default; 
 (8) Hedging Obligations permitted under Section 6.03(b)(x); 

(9) any Investment by the Borrower or any of its Restricted Subsidiaries in a Similar Business having an aggregate Fair
Market Value, taken together with all other Investments made pursuant to this clause (9) that are at that time outstanding, not to 

  
 28 

 
exceed the greater of (x) $100 million and (y) 4.5% of Total Assets at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and
without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (9) is made in any Person that is not a Restricted Subsidiary of the Borrower at the date of the making of
such Investment and such Person becomes a Restricted Subsidiary of the Borrower after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) above and shall cease to have been made pursuant to this clause
(9) for so long as such Person continues to be a Restricted Subsidiary; 
 (10) additional Investments by
the Borrower or any of its Restricted Subsidiaries having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (10) that are at that time outstanding, not to exceed the greater of (x) $100
million and (y) 4.5% 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); 

(11) loans and advances to officers, directors and employees for business-related travel expenses, moving expenses and
other similar expenses, in each case Incurred in the ordinary course of business; 
 (12) Investments the payment
for which consists of Equity Interests of the Borrower (other than Disqualified Stock) or any direct or indirect parent of the Borrower, as applicable; provided, however, that such Equity Interests will not increase the amount available for
Restricted Payments under clause (C) of the definition of “Cumulative Credit”; 
 (13) any
transaction to the extent it constitutes an Investment that is permitted by and made in accordance with the provisions of Section 6.07(b) (except transactions described in clauses (ii), (vi), (vii) and (xi)(b) of such Section);

 (14) Investments consisting of the licensing or contribution of intellectual property pursuant to joint
marketing arrangements with other Persons; 
 (15) guarantees issued in accordance with Sections 6.03 and
6.11; 
 (16) Investments consisting of purchases and acquisitions of inventory, supplies, materials and
equipment or purchases of contract rights or licenses or leases of intellectual property, in each case in the ordinary course of business; 
 (17) any Investment in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person in connection with a Qualified Receivables Financing, including Investments of funds held
in accounts permitted or required by the arrangements governing such Qualified Receivables Financing or any related Indebtedness; provided, however, that any Investment in a Receivables Subsidiary is in the form of a Purchase Money Note,
contribution of additional receivables or an equity interest; 

  
 29 

 (18) additional Investments in joint ventures of the Borrower or any of its
Restricted Subsidiaries existing on the Closing Date not to exceed $15 million at any one time; and 
 (19)
Investments of a Restricted Subsidiary of the Borrower acquired after the Closing Date or of an entity merged into, amalgamated with, or consolidated with a Restricted Subsidiary of the Borrower in a transaction that is not prohibited by
Section 5.01 after the Closing Date to the extent that such Investments were not made in contemplation of such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation
or consolidation. 
 “Permitted Liens” means, with respect to any Person: 

(1) 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
of cash or U.S. government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case Incurred in the ordinary course of business;

 (2) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in each case
for sums not yet due or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for
review; 
 (3) Liens for taxes, assessments or other governmental charges not yet due or payable or subject to
penalties for nonpayment or which are being contested in good faith by appropriate proceedings; 
 (4) Liens in
favor of issuers of performance and surety bonds or bid bonds or with respect to other regulatory requirements or letters of credit issued pursuant to the request of and for the account of such Person in the ordinary course of its business;

 (5) minor survey exceptions, minor encumbrances, 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 were not Incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of such
Person; 
 (6)(A) Liens on assets of a Restricted Subsidiary securing Indebtedness of such Restricted Subsidiary
permitted to be Incurred pursuant to Section 6.03, (B) Liens securing an aggregate amount of Pari Passu Indebtedness not to exceed the greater of (x) the aggregate amount of Pari Passu Indebtedness permitted to be incurred
pursuant to clause (i) of Section 6.03(b) and (y) the maximum principal amount of Indebtedness that, 

  
 30 

 
as of the date such Indebtedness was Incurred, and after giving effect to the Incurrence of such Indebtedness and the application of proceeds therefrom on such date, would not cause the Secured
Indebtedness Leverage Ratio of the Borrower to exceed 4.00 to 1.00, and (C) Liens securing Indebtedness permitted to be Incurred pursuant to clause (iv), (xii) or (xx) of Section 6.03(b); 

(7) Liens existing on the Closing Date; 

(8) Liens on assets, property or shares of stock of a Person at the time such Person becomes a Subsidiary; provided,
however, that such Liens are not created or Incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary; provided, further, however, that such Liens may not extend to any other property owned by the
Borrower; 
 (9) Liens on assets or property at the time the Borrower or a Restricted Subsidiary of the Borrower
acquired the assets or property, including any acquisition by means of a merger, amalgamation or consolidation with or into the Borrower or any Restricted Subsidiary of the Borrower; provided, however, that such Liens are not created or
Incurred in connection with, or in contemplation of, such acquisition; provided, further, however, that the Liens may not extend to any other property owned by the Borrower; 

(10) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Borrower or another
Restricted Subsidiary of the Borrower permitted to be Incurred in accordance with Section 6.03; 

(11) Liens securing Hedging Obligations not incurred in violation of this Agreement; provided that with respect to
Hedging Obligations relating to Indebtedness, such Lien extends only to the property securing such Indebtedness; 

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

(13) leases and subleases of real property which do not materially interfere with the ordinary conduct of the business of
the Borrower or any of its Restricted Subsidiaries; 
 (14) Liens arising from Uniform Commercial Code financing
statement filings regarding operating leases entered into by the Borrower and its Restricted Subsidiaries in the ordinary course of business; 
 (15) Liens in favor of the Borrower or any Restricted Subsidiary; 

(16) Liens on accounts receivable and related assets of the type specified in the definition of “Receivables
Financing” Incurred in connection with a Qualified Receivables Financing; 

  
 31 

 (17) deposits made in the ordinary course of business to secure liability to
insurance carriers; 
 (18) Liens on the Equity Interests of Unrestricted Subsidiaries; 

(19) grants of software and other technology licenses in the ordinary course of business; 

(20) Liens to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancings,
refundings, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (6)(B), (7), (8), (9), (10), (11) and (15); provided, however, that (x) such new
Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property), and (y) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of
(A) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clauses (6)(B), (7), (8), (9), (10), (11) and (15) at the time the original Lien became a Permitted Lien under this Agreement,
and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension, renewal or replacement; 
 (21) Liens on equipment of the Borrower or any Restricted Subsidiary granted in the ordinary course of business to the Borrower’s or such Restricted Subsidiary’s client at which such equipment
is located; 
 (22) judgment and attachment Liens not giving rise to an Event of Default and notices of lis
pendens and associated rights related to litigation being contested in good faith by appropriate proceedings and for which adequate reserves have been made; 
 (23) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into in the ordinary course of business; 

(24) Liens incurred to secure cash management services in the ordinary course of business; 

(25) other Liens securing obligations incurred in the ordinary course of business which obligations do not exceed $20
million at any one time outstanding; and 
 (26) Liens pursuant to the Security Documents (as defined in the Opco
Credit Agreement). 
 “Person” or “person” means any individual, corporation,
partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“PIK Interest” shall have the meaning set forth in Section 2.08(a). 

  
 32 

 “Plan” shall mean any employee pension benefit plan (other than a
Multiemployer Plan) (a) that is subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA and (b) either (i) sponsored or maintained (at the time of determination or at any time within
the five years prior thereto) by the Borrower or any Subsidiary or any ERISA Affiliate, or (ii) in respect of which the Borrower, any Subsidiary or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of
ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Platform”
shall have the meaning assigned to such term in Section 9.20. 
 “Preferred Stock” means any
Equity Interest with preferential right of payment of dividends or upon liquidation, dissolution, or winding up. 

“Public Lender” shall have the meaning assigned to such term in Section 9.20. 

“Purchase Money Note” means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may
be irrevocable, from the Borrower or any Subsidiary of the Borrower to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance that portion of the purchase price that is not paid by cash or a
contribution of equity. 
 “Qualified Receivables Financing” means any Receivables Financing of a
Receivables Subsidiary that meets the following conditions: 
 (1) the Board of Directors of the Borrower shall
have determined in good faith that such Qualified Receivables Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the Receivables
Subsidiary; 
 (2) all sales of accounts receivable and related assets to the Receivables Subsidiary are made at
Fair Market Value (as determined in good faith by the Borrower); and 
 (3) the financing terms, covenants,
termination events and other provisions thereof shall be market terms (as determined in good faith by the Borrower) and may include Standard Securitization Undertakings. 
 The grant of a security interest in any accounts receivable of the Borrower or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) to secure Bank Indebtedness shall not be deemed a
Qualified Receivables Financing. 
 “Rating Agency” means (1) each of Moody’s and S&P and
(2) if Moody’s or S&P ceases to rate the Loans for reasons outside of the Borrower’s control, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange
Act selected by the Borrower or any direct or indirect parent of the Borrower as a replacement agency for Moody’s or S&P, as the case may be. 

  
 33 

 “Receivables Fees” means distributions or payments made directly or
by means of discounts with respect to any participation interests issued or sold in connection with, and all other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Financing. 

“Receivables Financing” means any transaction or series of transactions that may be entered into by the Borrower
or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) and (b) any
other Person (in the case of a transfer by a Receivables Subsidiary), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of the Borrower 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 and any Hedging Obligations entered into by the Borrower or any such
Subsidiary in connection with such accounts receivable. 
 “Receivables Subsidiary” means a Wholly Owned
Restricted Subsidiary of the Borrower (or another Person formed for the purposes of engaging in Qualified Receivables Financing with the Borrower in which the Borrower or any Subsidiary of the Borrower makes an Investment and to which the Borrower
or any Subsidiary of the Borrower transfers accounts receivable and related assets) which engages in no activities other than in connection with the financing of accounts receivable of the Borrower and its Subsidiaries, all proceeds thereof and all
rights (contractual or other), collateral and other assets relating thereto, and any business or activities incidental or related to such business, and which is designated by the Board of Directors of the Borrower (as provided below) as a
Receivables Subsidiary and: 
 (a) no portion of the Indebtedness or any other obligations (contingent or
otherwise) of which (i) is guaranteed by the Borrower or any other Subsidiary of the Borrower (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 Borrower or any other Subsidiary of the Borrower in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects any property or asset of the Borrower or any other Subsidiary
of the Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; 
 (b) with which neither the Borrower nor any other Subsidiary of the Borrower has any material contract, agreement, arrangement or understanding other than on terms which the Borrower reasonably believes
to be no less favorable to the Borrower or such Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower; and 

  
 34 

 (c) to which neither the Borrower nor any other Subsidiary of the Borrower
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 Borrower shall be evidenced to the Administrative Agent by filing with the Administrative Agent a certified copy of the resolution of the Board of
Directors of the Borrower giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing conditions. 
 “Reference Period” shall have the meaning assigned to such term under clause (A) of the definition of “Cumulative Credit.” 

“Refinancing Indebtedness” shall have the meaning assigned to such term in Section 6.03(b)(xiv).

 “Refunding Capital Stock” shall have the meaning assigned to such term in
Section 6.04(b)(ii)(A). 
 “Register” shall have the meaning assigned to such term in
Section 9.06(b)(iv). 
 “Regulation U” shall mean Regulation U of the Board as from time to
time in effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation X”
shall mean Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Release” shall mean any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing, depositing, emanating or
migrating in, into, onto or through the environment. 
 “Reportable Event” shall mean any reportable
event as defined in Section 4043(c) of ERISA or the regulations issued thereunder, other than those events as to which the 30-day notice period referred to in Section 4043(c) of ERISA has been waived, with respect to a Plan (other than a
Plan maintained by an ERISA Affiliate that is considered an ERISA Affiliate only pursuant to subsection (m) or (o) of Section 414 of the Code). 
 “Representative Amount” means a principal amount that is not less than $1.0 million for a single transaction in the relevant market at the relevant time. 

“Required Lenders” shall mean, at any time, Lenders having Loans outstanding, that, taken together, represent
more than 50% of the sum of all Loans outstanding. 
 “Restricted Investment” means an Investment other
than a Permitted Investment. 
 “Restricted Payments” shall have the meaning assigned to such term in
Section 6.04(a). 

  
 35 

 “Restricted Subsidiary” means, with respect to any Person, any
Subsidiary of such Person other than an Unrestricted Subsidiary of such Person. Unless otherwise indicated in this Agreement, all references to Restricted Subsidiaries shall mean Restricted Subsidiaries of the Borrower. 

“Retired Capital Stock” shall have the meaning assigned to such term in Section 6.04(b)(ii)(A).

 “Rexnord” means Rexnord LLC, a Delaware limited liability company, and its successors. 

“S&P” shall mean Standard & Poor’s Ratings Group or any successor to the rating agency business
thereof. 
 “Sale and Lease-Back Transaction” means an arrangement relating to property now owned or
hereafter acquired by the Borrower or a Restricted Subsidiary whereby the Borrower or a Restricted Subsidiary transfers such property to a Person and the Borrower or such Restricted Subsidiary leases it from such Person, other than leases between
the Borrower and a Restricted Subsidiary of the Borrower or between Restricted Subsidiaries of the Borrower. 

“SEC” shall mean the Securities and Exchange Commission. 

“Secured Indebtedness” means any Indebtedness secured by a Lien. 

“Secured Indebtedness Leverage Ratio” means, with respect to any Person at any date, the ratio of
(i) Secured Indebtedness of such Person and its Restricted Subsidiaries as of such date (determined on a consolidated basis in accordance with GAAP) to (ii) EBITDA of such Person for the four full fiscal quarters for which internal
financial statements are available immediately preceding such date. In the event that the Borrower or any of its Restricted Subsidiaries Incurs or redeems any Indebtedness subsequent to the commencement of the period for which the Secured
Indebtedness Leverage Ratio is being calculated but prior to the event for which the calculation of the Secured Indebtedness Leverage Ratio is made (the “Secured Leverage Calculation Date”), then the Secured Indebtedness Leverage
Ratio shall be calculated giving pro forma effect to such Incurrence or redemption of Indebtedness as if the same had occurred at the beginning of the applicable four-quarter period; provided that the Borrower may elect, pursuant to an
Officers’ Certificate delivered to the Administrative Agent, that all or any portion of the commitment under any Secured Indebtedness as being Incurred at the time such commitment is entered into and any subsequent Incurrence of Indebtedness
under such commitment shall not be deemed, for purposes of this calculation, to be the creation or Incurrence of a Lien at such subsequent time. 
 For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers, consolidations and discontinued operations (as determined in accordance with GAAP), in each case
with respect to an operating unit of a business, and any operational changes that the Borrower or any of its Restricted Subsidiaries has both determined to make and made after July 21, 2006 and during the four-quarter reference period or
subsequent to such reference period and on or prior to or simultaneously with the Secured Leverage Calculation Date (each, for purposes of this definition, a “pro forma event”) shall be calculated

  
 36 

 
on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, consolidations (including the Transactions), discontinued operations and other operational changes
(and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the
Borrower or any Restricted Subsidiary since the beginning of such period shall have made any Investment, acquisition, disposition, merger, consolidation, discontinued operation or operational change, in each case with respect to an operating unit of
a business, that would have required adjustment pursuant to this definition, then the Secured Indebtedness Leverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition,
discontinued operation, merger, consolidation or operational change had occurred at the beginning of the applicable four-quarter period. 
 For purposes of this definition, whenever pro forma effect is to be given to any pro forma event, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of
the Borrower. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Borrower as set forth in an Officers’ Certificate, to reflect (1) operating expense reductions and other
operating improvements or synergies reasonably expected to result from the applicable pro forma event (including, to the extent applicable, from the Transactions) and (2) all adjustments of the nature used in connection with the calculation of
“Adjusted EBITDA” as set forth in footnote 3 to the “Summary Historical and Unaudited Pro Forma Financial Data” under “Summary” in the Opco Offering Circular to the extent such adjustments, without duplication, continue
to be applicable to such four-quarter period. 
 “Secured Leverage Calculation Date” shall have the
meaning assigned to such term under the definition of “Secured Indebtedness Leverage Ratio.” 
 “Securities
Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder. 
 “Significant Subsidiary” means Rexnord and any other Restricted Subsidiary that would be a “Significant Subsidiary” of the Borrower within the meaning of Rule 1-02 under
Regulation S-X promulgated by the SEC. 
 “Similar Business” means a business, the majority of whose
revenues are derived from the activities of the Borrower and its Subsidiaries as of the Closing Date or any business or activity that is reasonably similar thereto or a reasonable extension, development or expansion thereof or ancillary thereto.

 “Special Mandatory Prepayment” shall have the meaning set forth in Section 2.15.

 “Sponsors” means (1) one or more investment funds controlled by Apollo Management, L.P. and its
Affiliates (collectively, the “Apollo Sponsors”) and (2) any Person that forms a group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) with any Apollo
Sponsors, provided that any Apollo Sponsor (x)

  
 37 

 
owns a majority of the voting power and (y) controls a majority of the Board of Directors of the Borrower. 
 “Standard Securitization Undertakings” means representations, warranties, covenants, indemnities and guarantees of performance entered into by the Borrower or any Subsidiary of the
Borrower which the Borrower has determined in good faith to be customary in a Receivables Financing including without limitation, those relating to the servicing of the assets of a Receivables Subsidiary, it being understood that any Receivables
Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 
 “Stated Maturity”
means, with respect to any Indebtedness, the date specified in such Indebtedness as the fixed date on which the final payment of principal of such Indebtedness is due and payable, including pursuant to any mandatory redemption provision (but
excluding any provision providing for the repurchase of such Indebtedness at the option of the lender thereof upon the happening of any contingency beyond the control of the borrower unless such contingency has occurred). 

“Statutory Reserves” shall mean a fraction (expressed as a decimal), the numerator of which is the number one and
the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board and any other banking authority,
domestic or foreign, to which the Administrative Agent or any Lender (including any branch, Affiliate, or other fronting office making or holding a Loan) is subject for Eurocurrency Liabilities (as defined in Regulation D of the Board). Such reserve
percentages shall include those imposed pursuant to such Regulation D. A Loan that is not an ABR Loan shall be deemed to constitute Eurocurrency Liabilities and to be subject to such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender under such Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subordinated Indebtedness” means any Indebtedness of the Borrower which is by its terms subordinated in right of
payment to the Loans. 
 “Subsidiary” means, with respect to any Person, (1) any corporation,
association or other business entity (other than a partnership, joint venture or limited liability company) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to
vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof, and
(2) any partnership, joint venture or limited liability company of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general and limited partnership interests, as applicable, are
owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof, whether in the form of membership, general, special or limited partnership interests or otherwise, and
(y) such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity. 

  
 38 

 “Successor Company” shall have the meaning set forth in
Section 5.01. 
 “Syndication Agent” shall have the meaning assigned to such term in the
preamble hereto. 
 “Tax Distributions” means any distributions described in
Section 6.04(b)(xii). 
 “Taxes” shall mean any and all present or future taxes, levies,
imposts, duties (including stamp duties), deductions, charges (including ad valorem charges) or withholdings imposed by any Governmental Authority and any and all interest and penalties related thereto. 

“Total Assets” means the total consolidated assets of the Borrower and its Restricted Subsidiaries, as shown on
the most recent balance sheet of the Borrower. 
 “Transactions” means, collectively the Apollo
Transactions and the Jacuzzi Transactions. 
 “Transferee” shall have the meaning set forth in
Section 9.06(e). 
 “USA Patriot Act” shall mean the U.S.A. Patriot Act, Title III of Pub.L.
107-56 (signed into law October 26, 2001). 
 “U.S. Dollars” or “$” shall
mean lawful money of the United States of America. 
 “Unfunded Pension Liability” shall mean, with
respect to any Plan, as of the most recent valuation date for such Plan, the excess of (1) the Plan’s actuarial present value (determined on the basis of reasonable assumptions employed by the independent actuary for such Plan for purposes
of Section 412 of the Code or Section 302 of ERISA) of its benefit liabilities (as defined in Section 4001(a)(16) of ERISA) over (2) the fair market value of the assets of such Plan. 

“Unrestricted Subsidiary” means: 

(1) any Subsidiary of the Borrower that at the time of determination shall be designated an Unrestricted Subsidiary by the
Board of Directors of such Person in the manner provided below; and 
 (2) any Subsidiary of an Unrestricted
Subsidiary. 
 The Board of Directors of the Borrower may designate any Subsidiary of the Borrower (including any newly acquired
or newly formed Subsidiary of the Borrower) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, the Borrower or any other
Subsidiary of the Borrower that is not a Subsidiary of the Subsidiary to be so designated; provided, however, that the Subsidiary to be so designated and its Subsidiaries do not at the time of designation have and do not thereafter
Incur any Indebtedness pursuant to which the lender has recourse to any of the 

  
 39 

 
assets of the Borrower or any of its Restricted Subsidiaries; provided, further, however, that either: 

(a) the Subsidiary to be so designated has total consolidated assets of $1,000 or less; or 

(b) if such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under
Section 6.04. 
 The Board of Directors of the Borrower may designate any Unrestricted Subsidiary to be a Restricted
Subsidiary; provided, however, that immediately after giving effect to such designation: 
 (x)(A)
if the designated Subsidiary is a Subsidiary of the Borrower or any of its Restricted Subsidiaries (but is not a Subsidiary of Opco or any of its Restricted Subsidiaries) (1) the Borrower could Incur $1.00 of additional Indebtedness pursuant to
the Fixed Charge Coverage Ratio test described in clause (i) of Section 6.03(a) or (2) the Fixed Charge Coverage Ratio for the Borrower and its Restricted Subsidiaries would be greater than such ratio for the Borrower and its
Restricted Subsidiaries immediately prior to such designation, in each case on a pro forma basis taking into account such designation, or (B) if the designated Subsidiary is a Subsidiary of Opco or any of its Restricted Subsidiaries
(1) Opco could Incur $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test described in clause (ii) of Section 6.03(a) or (2) the Fixed Charge Coverage Ratio for Opco and its Restricted
Subsidiaries would be greater than such ratio for Opco and its Restricted Subsidiaries immediately prior to such designation, in each case on a pro forma basis taking into account such designation, and 

(y) no Event of Default shall have occurred and be continuing. 

Any such designation by the Board of Directors of the Borrower shall be evidenced to the Administrative Agent by promptly filing with the
Administrative Agent a copy of the resolution of the Board of Directors of the Borrower giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled
to vote in the election of the Board of Directors of such Person. 
 “Weighted Average Life to Maturity”
means, when applied to any Indebtedness or Disqualified Stock, as the case may be, at any date, the quotient obtained by dividing (1) the sum of the products of the number of years from the date of determination to the date of each successive
scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock multiplied by the amount of such payment, by (2) the sum of all such payments. 

“Wholly Owned Restricted Subsidiary” is any Wholly Owned Subsidiary that is a Restricted Subsidiary. 

  
 40 

 “Wholly Owned Subsidiary” of any Person means a Subsidiary of such
Person 100% of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares or shares required to be held by Foreign Subsidiaries) shall at the time be owned by such Person or by one or more
Wholly Owned Subsidiaries of such Person. 
 “Withdrawal Liability” shall mean liability to a
Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 SECTION 1.02. Terms Generally. The definitions set forth or referred to in Section 1.01 shall apply equally to both the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase
“without limitation.” All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this
Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, any reference in this Agreement to any Loan Document shall mean such document as amended, restated, supplemented or otherwise modified from time to
time. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP. Rexnord shall be a Restricted Subsidiary of the Borrower. 

ARTICLE II  
 The Credits 
 SECTION 2.01. Commitments. 

(a) Subject to and upon the terms and conditions herein set forth, each Lender having a Commitment severally agrees to make a Loan or
Loans on the Closing Date to the Borrower in U.S. Dollars in an initial aggregate principal amount equal to such Commitment resulting in aggregate proceeds to the Borrower equal to 98.00% of the respective Commitment of such Lender. The initial
aggregate principal amount of the Loans shall be $459,000,000. 
 (b) Such Loans (i) shall be made on the Closing Date,
(ii) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, (iii) shall not exceed for any such Lender the Commitment of such Lender and (iv) shall not exceed in the
aggregate the total of all Commitments. On the Maturity Date, all then unpaid Loans (which, for the avoidance of doubt, shall equal an aggregate principal amount at maturity of $459,000,000, less any repayments prior to the Maturity Date, plus any
PIK Interest thereon that may be added to the principal amount) shall be repaid in full. 
 (c) Each Lender may at its option
make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that (i) any exercise of such option shall not affect the obligation of the Borrower to repay such Loan and (ii) in
exercising such option, such Lender shall use its reasonable efforts to minimize any increased costs to the Borrower resulting therefrom (which obligation of the Lender shall not require it to take, or refrain from taking, actions that it determines
would result in increased costs for which it 

  
 41 

 
will not be compensated hereunder or that it determines would be otherwise disadvantageous to it and in the event of such request for costs for which compensation is provided under this
Agreement, the provisions of Section 2.10 shall apply). 
 SECTION 2.02. [Reserved]. 

SECTION 2.03. Notice of Borrowing. 
 (a) The Borrower shall give the Administrative Agent at the Administrative Agent’s Lending Office prior to 12:00 Noon (New York City time) at least three Business Days’ prior written notice (or
telephonic notice promptly confirmed in writing) of the borrowing of Loans. Such notice (a “Notice of Borrowing”) shall be irrevocable and shall specify (i) the aggregate principal amount of the Loans to be made, (ii) the
date of the Loans (which shall be the Closing Date) and (iii) remittance instructions for disbursement of the proceeds of the Loans. The Administrative Agent shall promptly give each Lender written notice (or telephonic notice promptly
confirmed in writing) of the proposed borrowing of Loans, of such Lender’s proportionate share thereof and of the other matters covered by the related Notice of Borrowing. 

(b) Without in any way limiting the obligation of the Borrower to confirm in writing any notice it may give hereunder by telephone, the
Administrative Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the Administrative Agent in good faith to be from an Officer of the Borrower. In each such case, the
Borrower hereby waives the right to dispute the Administrative Agent’s record of the terms of any such telephonic notice. 

SECTION 2.04. Disbursement of Funds. 
 (a) Subject to Article IV, no later than 11:00 a.m. (New York City time) on the Closing Date, each Lender will make available its pro rata portion based on its Commitment of the Loans to be made on
such date in the manner provided below. 
 (b) Each Lender shall make available all amounts it is to fund to the Borrower in
immediately available funds to the Administrative Agent at the Administrative Agent’s Lending Office and the Administrative Agent will make available to the Borrower, by depositing to the Borrower’s account identified in the Notice of
Borrowing the aggregate of the amounts so made available in U.S. Dollars. Unless the Administrative Agent shall have been notified by any Lender prior to the Closing Date that such Lender does not intend to make available to the Administrative Agent
its portion of the Loans to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date, and the Administrative Agent, in reliance upon such assumption, may (in
its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has
made available same to the Borrower, then the applicable Lender and the Borrower severally agree to pay immediately to the Administrative Agent forthwith on demand (without duplication) such corresponding amount. The Administrative Agent shall also
be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount 

  
 42 

 
was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by
such Lender, the greater of (A) the Federal Funds Rate and (B) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) if paid by the Borrower, the then-applicable rate
of interest, calculated in accordance with Section 2.08, for the respective Loans. 
 (c) Nothing in this
Section 2.04 shall be deemed to relieve any Lender from its obligation to fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it
being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder). 
 SECTION 2.05. Repayment of Loans; Evidence of Debt. 
 (a) The Borrower
shall repay to the Administrative Agent, for the benefit of the Lenders, on the Maturity Date, the then-unpaid Loans, in U.S. Dollars (which, for the avoidance of doubt, shall equal an aggregate principal amount at maturity of $459,000,000, less any
repayments prior to the Maturity Date, plus any PIK Interest that may be added to the principal amount). 
 (b) [Reserved]

 (c) [Reserved] 
 (d) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to the appropriate Lending Office of such Lender resulting from the
Loan made by such Lending Office of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lending Office of such Lender from time to time under this Agreement. 

(e) The Administrative Agent shall maintain the Register pursuant to Section 9.06(b)(iv), and a subaccount for each Lender,
in which the Register and subaccounts (taken together) shall be recorded (i) the amount of the Loans made hereunder and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due
and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s share thereof. 

(f) The entries made in the Register and accounts and subaccounts maintained pursuant to paragraphs (d) and (e) of this
Section 2.05 shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure of any Lender or the
Administrative Agent to maintain such account, such Register or such subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) the Loan made to the Borrower by
such Lender in accordance with the terms of this Agreement. 
 SECTION 2.06. [Reserved]. 

  
 43 

 SECTION 2.07. Pro Rata Borrowings. The borrowing of Loans under this Agreement shall
be granted by the Lenders pro rata on the basis, and in the amount, of 100.00% of their respective Commitments (resulting in proceeds to the Borrower in an amount equal to 98.00% of their respective Commitments). It is understood that no
Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to
fulfill its commitments hereunder. 
 SECTION 2.08. Interest. 

(a) For any Interest Period, the Borrower may, at its option, elect to pay interest on the Loans (i) entirely in cash (“Cash
Interest”), (ii) entirely by increasing the outstanding principal amount of the Loans by the amount of interest accrued during such Interest Period (“PIK Interest”) or (iii) 50% in Cash Interest and 50% in PIK
Interest (“Partial PIK Interest”). The Borrower must elect (the “Interest Election”) the form of payment of interest with respect to each Interest Period by delivering a notice to the Administrative Agent no later
than five Business Days prior to the start of such Interest Period. The Administrative Agent shall promptly deliver a corresponding notice to each Lender. In the absence of such an election for any Interest Period, interest on the Loans shall be
payable according to the election for the previous Interest Period. 
 (b)(i) Cash Interest on the Loans will accrue and be
payable at a rate per annum equal to the Adjusted LIBOR plus the Applicable Margin and shall be payable in cash, and (ii) PIK Interest on the Loans will accrue and be payable at a rate per annum equal to the Adjusted LIBOR plus the Applicable
Margin plus 0.75% and shall be payable by increasing the outstanding principal amount of the Loans by the amount of PIK Interest for the applicable Interest Period, each rate as determined by the Administrative Agent. All references to Cash
Interest, PIK Interest, Partial PIK Interest or interest in this Agreement shall be deemed to include any Additional Interest payable pursuant to this Agreement. 
 (c) If all or a portion of (i) the principal amount of any Loan or (ii) any interest payable thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise),
such overdue amount shall bear interest at a rate per annum that is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto plus 2% or (y) in the case of any overdue interest, to the extent
permitted by applicable law, the then-effective rate plus 2% from and including the date of such non-payment to but excluding the date on which such amount is paid in full (after as well as before judgment). 

(d) Interest on each Loan shall accrue from and including the Closing Date to but excluding the date of any repayment thereof and shall
be payable (i) on the last day of each Interest Period, and (ii) on any prepayment (on the amount prepaid), at maturity (whether by acceleration or otherwise) and, after such maturity, on demand. 

(e) All computations of interest hereunder shall be calculated on the basis of a 360-day year for the actual days elapsed, except that
interest computed by reference to the ABR at times when the ABR is based on the prime rate shall be computed on the basis of a year of 

  
 44 

 
365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

(f) The Administrative Agent, upon determining the Adjusted LIBOR or ABR for any Interest Period, shall promptly notify the Borrower and
the relevant Lenders thereof. Each such determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties hereto. The Administrative Agent shall, upon the request of any Lender of outstanding Loans, provide
the interest rate then in effect with respect to the Loans. 
 SECTION 2.09. Interest Periods. Notwithstanding anything
to the contrary contained above: 
 (a) If any Interest Period would otherwise expire on a day that is not a Business Day, such
Interest Period shall expire on the next succeeding Business Day; provided that if any Interest Period would otherwise expire (i) on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in
such month, such Interest Period shall expire on the next preceding Business Day and (ii) on a day that is after the Maturity Date, such Interest Period shall expire on the Maturity Date. 

(b) In lieu of making any payment permitted or required under this Agreement other than on the last day of the Interest Period therefor
so long as no Default or Event of Default shall have occurred and be continuing, the Borrower at its option may deposit with the Administrative Agent an amount equal to the amount of the Loan to be prepaid and such Loan shall be repaid on the last
day of the Interest Period therefor in the required amount. Such deposit shall be held by the Administrative Agent in a corporate time deposit account established on terms reasonably satisfactory to the Administrative Agent, earning interest at the
then-customary rate for accounts of such type. Such deposit shall constitute cash collateral for the Loans; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to
this Section 2.09. 
 SECTION 2.10. Increased Costs, Illegality, etc. 

(a) In the event that (x) in the case of clause (i) below, the Administrative Agent or (y) in the case of clauses
(ii) and (iii) below, any Lender shall have reasonably determined (which determination shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto): 

(i) on any date for determining the Adjusted LIBOR for any Interest Period that (x) deposits in the principal amounts
of the Loans are not generally available in the relevant market or (y) by reason of any changes arising on or after the Closing Date affecting the interbank LIBOR market, adequate and fair means do not exist for ascertaining the applicable
interest rate on the basis provided for in the definition of LIBOR; or 
 (ii) at any time, that such Lender
shall incur increased costs or reductions in the amounts received or receivable hereunder with respect to any Loans (other than any such increase or reduction attributable to Taxes) because of (x) any

  
 45 

 
change since the Closing Date in any applicable law, governmental rule, regulation, guideline or order (or in the interpretation or administration thereof and including the introduction of any
new law or governmental rule, regulation, guideline or order), such as, for example, without limitation, a change in official reserve requirements, and/or (y) other circumstances affecting the interbank LIBOR market or the position of such
Lender in such market; or 
 (iii) at any time, that the making or continuance of any Loan has become unlawful by
compliance by such Lender in good faith with any law, governmental rule, regulation, guideline or order (or would conflict with any such governmental rule, regulation, guideline or order not having the force of law even though the failure to comply
therewith would not be unlawful), or has become impracticable as a result of a contingency occurring after the Closing Date that materially and adversely affects the interbank LIBOR market; 
 then, and in any such event, such Lender (or the Administrative Agent, in the case of clause (i) above) shall within a reasonable time thereafter give notice (if by telephone, confirmed in writing)
to the Borrower and to the Administrative Agent of such determination (which notice the Administrative Agent shall promptly transmit to each of the other Lenders). Thereafter (x) in the event that the Administrative Agent determines (which
determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBOR for any Interest Period, or the Administrative Agent is advised by any Lender that such Lender is unable to
maintain a Loan accruing interest at the Adjusted LIBOR, then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent
notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, the affected Loans will accrue interest until the Maturity Date at ABR plus the Applicable Margin, (y) in the case of clause
(ii) above, the Borrower shall pay to such Lender, promptly after receipt of written demand therefor such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its
reasonable discretion shall determine) as shall be required to compensate such Lender for such increased costs or reductions in amounts receivable hereunder (it being agreed that a written notice as to the additional amounts owed to such Lender,
showing in reasonable detail the basis for the calculation thereof, submitted to the Borrower by such Lender shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto) and (z) in the case of clause
(iii) above, the Borrower shall take the action specified in Section 2.10(b) as promptly as possible and, in any event, within the time period required by law. 

(b) At any time that any Loan is affected by the circumstances described in Section 2.10(a)(ii) or (iii), the Borrower
may (and in the case of a Loan affected pursuant to Section 2.10(a)(iii) shall), upon at least three Business Days’ notice to the Administrative Agent, require the affected Lender to convert each such Loan into a Loan bearing
interest at a rate equal to an ABR Loan, in each case, through and including the date immediately prior to the next Interest Payment Date; provided that if more than one Lender is affected at any time, then all affected Lenders must be
treated in the same manner pursuant to this Section 2.10(b); provided, further, that if the circumstances described in Section 2.10(a)(ii) or (iii) shall cease to exist, then interest shall resume
being calculated pursuant to Section 2.08(b). 

  
 46 

 (c) If, after the Closing Date, the adoption of any applicable law, rule or regulation
regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any governmental authority, the National Association of Insurance Commissioners, central bank or comparable agency charged with the
interpretation or administration thereof, or compliance by a Lender or its parent with any request or directive made or adopted after the Closing Date regarding capital adequacy (whether or not having the force of law) of any such authority,
association, central bank or comparable agency, has or would have the effect of reducing the rate of return on such Lender’s or its parent’s or its Affiliate’s capital or assets as a consequence of such Lender’s commitments or
obligations hereunder to a level below that which such Lender or its parent or its Affiliate could have achieved but for such adoption, effectiveness, change or compliance (taking into consideration such Lender’s or its parent’s policies
with respect to capital adequacy), then from time to time, promptly after demand by such Lender (with a copy to the Administrative Agent), the Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or its
parent for such reduction, it being understood and agreed, however, that a Lender shall not be entitled to such compensation as a result of such Lender’s compliance with, or pursuant to any request or directive to comply with, any such law,
rule or regulation as in effect on the Closing Date. Each Lender, upon determining in good faith that any additional amounts will be payable pursuant to this Section 2.10(c), will give prompt written notice thereof to the Borrower which
notice shall set forth in reasonable detail the basis of the calculation of such additional amounts, although the failure to give any such notice shall not, subject to Section 2.13, release or diminish the Borrower’s obligations to
pay additional amounts pursuant to this Section 2.10(c) upon receipt of such notice. 
 (d) It is understood that
this Section 2.10 shall not apply to Taxes and shall in no event apply to Excluded Taxes. 
 SECTION 2.11.
Compensation. If any payment of principal of any Loan is made by the Borrower to or for the account of a Lender other than on the last day of the Interest Period for such Loan as a result of a payment pursuant to Section 2.14, as
a result of acceleration of the maturity of the Loans pursuant to Article VII or for any other reason, the Borrower shall, after receipt of a written request by such Lender (which request shall set forth in reasonable detail the basis for
requesting such amount), pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that such Lender may reasonably incur as a result of such payment, or
failure to prepay, including any loss, cost or expense (excluding loss of anticipated profits) actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Loan.

 SECTION 2.12. Change Of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the
operation of Section 2.10(a)(ii), 2.10(a)(iii) or 2.10(b) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate
another Lending Office for any Loans affected by such event, with the object of avoiding the consequence of the event giving rise to the operation of any such Section; provided that such designation is made on such terms that such Lender and
its Lending Office suffer no economic, legal or regulatory disadvantage. 

  
 47 

 
Nothing in this Section 2.12 shall affect or postpone any of the obligations of the Borrower or the right of any Lender provided in Section 2.10 or 2.17.

 SECTION 2.13. Notice of Certain Costs. Notwithstanding anything in this Agreement to the contrary, to the extent any
notice required by Section 2.10, 2.11 or 2.17 is given by any Lender more than 90 days after such Lender has knowledge (or should have had knowledge) of the occurrence of the event giving rise to the additional cost,
reduction in amounts, loss, tax or other additional amounts described in such Sections, such Lender shall not be entitled to compensation under Section 2.10, 2.11 or 2.17, as the case may be, for any such amounts incurred
or accruing prior to the 91st day prior to the giving of such notice to the Borrower. 
 SECTION 2.14. Voluntary
Prepayments. 
 (a) The Loans may be prepaid at the option of the Borrower, in whole at any time or in part from time to
time upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) prior to the date of prepayment to the Administrative Agent before 11:00 a.m., New York City time;
provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000. 
 (b)
Each notice of prepayment shall specify the prepayment date and the principal amount to be prepaid, shall be irrevocable and shall commit the Borrower to prepay the Loans by the amount stated therein on the date stated therein. All prepayments under
this Section 2.14 shall be subject to Section 2.11 and shall be made together with the applicable Optional Prepayment Premium. 
 (c) All prepayments under this Section 2.14 shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to and including the date of payment. 

(d) Once notice of prepayment is mailed in accordance with Section 2.14, Loans elected to be prepaid become due and payable
on the prepayment date together with the applicable Optional Prepayment Premium price stated in the notice. 
 (e) Any voluntary
prepayment shall be applied ratably among the Lenders in accordance with the aggregate principal amount owed to each such Lender. 
 SECTION 2.15. Special Mandatory Prepayment. 
 If the aggregate amount which
would be includible in gross income for federal income tax purposes with respect to the Loans before the close of any “accrual period” (as defined in Treasury Regulation Section Reg. 1.1272-1(b)(1)(ii)) ending after five (5) years
from the Closing Date (the “Aggregate Inclusion”) exceeds an amount equal to the sum of (x) the aggregate amount of interest to be paid in cash under the Loans before the close of such accrual period and (y) the product of
the issue price of the Loans (as determined under Section 1273(b) of the Code) multiplied by the yield to maturity of the Loans (as determined for purposes of applying Section 163(i) of the Code) (the sum of (x) and (y), the
“Adjusted Actual Payment”), the Borrower shall, before the close of such accrual period, make a mandatory prepayment (any such prepayment a “Special Mandatory Prepayment”) on the Loans, to the extent that the

  
 48 

 
Aggregate Inclusion as of such time exceeds the Adjusted Actual Payment. Such mandatory prepayment will be applied against and reduce the principal amount of the Loans outstanding at such time.
The Lenders and the Borrower intend that the Special Mandatory Prepayments be sufficient to result in the Loans being treated as not having “significant original issue discount” within the meaning of Section 163(i)(2) of the Code, and
this paragraph shall be interpreted in a manner consistent with such intent. 
 SECTION 2.16. Method and Place of
Payment. 
 (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made by the
Borrower, without set-off, counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Lenders entitled thereto not later than 12:00 Noon (New York City time) on the date when due and shall be made in
immediately available funds at the Administrative Agent’s Lending Office or at such other office as the Administrative Agent shall specify for such purpose by notice to the Borrower, it being understood that written or facsimile notice by the
Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Administrative Agent’s office shall constitute the making of such payment to the extent of such funds held in such account. All payments
under each Loan Document (whether of principal, interest or otherwise) shall be made in U.S. Dollars. The Administrative Agent will thereafter cause to be promptly distributed like funds relating to the payment of principal or interest or fees
ratably to the Lenders entitled thereto. 
 (b) Any payments under this Agreement that are made later than 2:00 p.m. (New York
City time) shall be deemed to have been made on the next succeeding Business Day. Except as otherwise provided herein, whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the due date thereof
shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension. 

SECTION 2.17. Net Payments. 
 (a) Any and all payments made by or on account of any obligations of the Borrower under this Agreement or any other Loan Document shall be made free and clear of, and without deduction or withholding for
any Indemnified Taxes or Other Taxes; provided that if the Borrower shall be required by law to deduct or withhold any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be increased as necessary so that
after making all required deductions and withholdings (including deductions or withholdings applicable to additional sums payable under this Section 2.17) the Administrative Agent or any Lender, as the case may be, receives an amount
equal to the sum it would have received had no such deductions or withholdings been made, (ii) the Borrower shall make such deductions or withholdings and (iii) the Borrower shall pay the full amount deducted or withheld to the relevant
Governmental Authority in accordance with applicable law. Whenever any Indemnified Taxes or Other Taxes are payable by the Borrower, as promptly as possible thereafter, the Borrower shall send to the Administrative Agent for its own account or for
the account of such Lender, as the case may be, a certified copy of an original official receipt (or other evidence 

  
 49 

 
acceptable to such Lender, acting reasonably) received by the Borrower showing payment thereof. 
 (b) The Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) The Borrower shall indemnify and hold harmless the Administrative Agent and each Lender within 15 Business Days after written demand therefor for the full amount of any Indemnified Taxes or Other
Taxes imposed on the Administrative Agent or such Lender as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower hereunder or under any other Loan Document (including Indemnified Taxes or Other Taxes
imposed or asserted on or attributable to amounts payable under this Section 2.17) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or by the Administrative Agent on its own behalf or on behalf of a Lender shall be
conclusive absent manifest error. 
 (d) Any Lender that is entitled to an exemption from or reduction in a withholding tax
imposed under the laws of the United States with respect to payments under this Agreement or any other Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times prescribed by applicable law and as reasonably
requested by the Borrower or the Administrative Agent such properly completed and executed documentation as will permit such payments to be made without withholding or at a reduced rate; provided that such Lender is legally entitled to
complete, execute and deliver such documentation. To the extent it is legally entitled to do so, each Lender agrees to use reasonable efforts (consistent with legal and regulatory restrictions and subject to overall policy considerations of such
Lender) to file or deliver to the Borrower and the Administrative Agent any certificate or document, as reasonably requested by the Borrower or the Administrative Agent, that may be necessary to establish any available exemption from, or reduction
in the amount of, any withholding taxes imposed by a jurisdiction other than the United States; provided, however, that a Lender shall not be required to file or deliver any such certificate or document if in such Lender’s reasonable
judgment such completion, execution or delivery would be otherwise disadvantageous to such Lender in any material respect or would subject such Lender to any material unreimbursed cost. 

(e) If the Administrative Agent or a Lender determines, in good faith and in its sole discretion, that it has received a refund of any
Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.17, it shall pay over such refund to the Borrower (but only to the
extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.17 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or
such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the
amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such
refund to such Governmental 

  
 50 

 
Authority. This Section 2.17(e) shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its
taxes which it deems, in good faith and its sole discretion, confidential) to the Borrower or any other Person. 
 (f) The
agreements in this Section 2.17 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 SECTION 2.18. [Reserved]. 
 SECTION 2.19. Limit on Rate of Interest.

 (a) No Payment Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be
obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation. 

(b) Payment at Highest Lawful Rate. If the Borrower is not obliged to make a payment which it would otherwise be required to make,
as a result of Section 2.19(a), the Borrower shall make such payment to the maximum extent permitted by or consistent with applicable laws, rules and regulations. 
 (c) Adjustment if Any Payment Exceeds Lawful Rate. If any provision of this Agreement or any of the other Loan Documents would obligate the Borrower to make any payment of interest or other amount
payable to any Lender in an amount or calculated at a rate which would be prohibited by any applicable law, rule or regulation, then notwithstanding such provision, such amount or rate shall be deemed to have been adjusted with retroactive effect to
the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law, such adjustment to be effected, to the extent necessary, by reducing the amount or rate of interest required to be paid by the Borrower to the affected
Lender under Section 2.08. 
 Notwithstanding the foregoing, and after giving effect to all adjustments contemplated
thereby, if any Lender shall have received from the Borrower an amount in excess of the maximum permitted by any applicable law, rule or regulation, then the Borrower shall be entitled, by notice in writing to the Administrative Agent to obtain
reimbursement from that Lender in an amount equal to such excess, and pending such reimbursement, such amount shall be deemed to be an amount payable by that Lender to the Borrower. 

SECTION 2.20. Pro Rata Sharing. Whenever any payment received by the Administrative Agent under this Agreement is insufficient to
pay in full all amounts then due and payable to the Administrative Agent and the Lenders under this Agreement, such payment shall be distributed by the Administrative Agent and applied by the Administrative Agent and the Lenders in the following
order: first, to the payment of fees and expenses due and payable to the Administrative Agent and its Affiliates under and in connection with this Agreement, except any amounts payable to any such Person in its role as Lender, as provided in
clause “second” of this Section 2.20; second, to the payment of all expenses due and payable under Section 9.05, ratably among the Lenders in accordance with the aggregate amount of such payments owed
to each Lender; third, to the payment of interest and amounts under Sections 2.10 and 2.17, if any, then due and payable on the Loans ratably among the Lenders in accordance with the aggregate

  
 51 

 
amount of interest owed to each Lender; and fourth, to the payment of the principal amount of the Loans that is then due and payable, ratably among the Lenders in accordance with the
aggregate principal amount owed to each such Lender. 
 SECTION 2.21. Adjustments; Set-off. 

(a) If any Lender (a “benefited Lender”) shall at any time receive any payment of principal, interest or premium on all
or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off or counterclaim, pursuant to events or proceedings of the nature referred to in Article VII, or
otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of such other Lender’s Loans, or such benefited Lender shall purchase for cash from the other Lenders a participating
interest in such portion of each such other Lender’s Loan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such benefited Lender to share the excess payment
or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such benefited Lender, such purchase shall be
rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 
 (b) After the
occurrence and during the continuance of an Event of Default, in addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to the Borrower, any such notice being expressly waived by
the Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise) to set-off and appropriate and apply against such amount any
and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at
any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by
such Lender, provided that the failure to give such notice shall not affect the validity of such set-off and application. 

ARTICLE III 
 Representations and Warranties 
 The Borrower represents and warrants that:

 SECTION 3.01. Organization; Powers. The Borrower and each of the Material Subsidiaries (a) is a partnership,
limited liability company or corporation duly organized, validly existing and in good standing (or, if applicable in a foreign jurisdiction, enjoys the equivalent status under the laws of any jurisdiction of organization outside the United States)
under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted, (c) is qualified to do business in each jurisdiction where such
qualification is required, except where the failure so to qualify would not 

  
 52 

 
reasonably be expected to have a Material Adverse Effect, and (d) has the power and authority to execute, deliver and perform its obligations under each of the Loan Documents and each other
agreement or instrument contemplated thereby to which it is or will be a party and, in the case of the Borrower, to borrow and otherwise obtain credit hereunder. 
 SECTION 3.02. Authorization. The execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party, and the borrowings hereunder and the Contemplated
Transactions (a) have been duly authorized by all corporate, stockholder, partnership or limited liability company action required to be obtained by the Borrower and (b) will not (i) violate (A) any provision of law, statute,
rule or regulation, or of the certificate or articles of incorporation or other constitutive documents (including any partnership, limited liability company or operating agreements) or by laws of the Borrower, (B) any applicable order of any
court or any rule, regulation or order of any Governmental Authority or (C) any provision of any indenture, certificate of designation for preferred stock, agreement or other instrument to which the Borrower is a party or by which any of them
or any of their property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of
any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, certificate of designation for preferred stock, agreement or other instrument, where any such conflict, violation, breach or default
referred to in clause (i) or (ii) of this Section 3.02(b), would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (iii) result in the creation or imposition of any Lien upon
or with respect to any property or assets now owned or hereafter acquired by the Borrower, other than Permitted Liens. 

SECTION 3.03. Enforceability. This Agreement has been duly executed and delivered by the Borrower and constitutes, and each other
Loan Document when executed and delivered by the Borrower, will constitute, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, subject to (i) the effects of bankruptcy,
insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity
or at law) and (iii) implied covenants of good faith and fair dealing. 
 SECTION 3.04. Governmental Approvals. No
action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection with the Contemplated Transactions or the exercise by any Agent or any Lender of its rights under the
Loan Documents, except for (a) such as have been made or obtained and are in full force and effect and (b) such actions, consents and approvals the failure of which to be obtained or made would not reasonably be expected to have a Material
Adverse Effect. 
 SECTION 3.05. Financial Statements. The Borrower has heretofore furnished to the Lenders the unaudited
consolidated balance sheet of Opco and its subsidiaries as of December 31, 2006 and the related consolidated statements of operations, changes in consolidated equity and cash flows of Opco and its consolidated subsidiaries for the three and
nine months ended December 31, 2006, in each such case, copies of which have heretofore been 

  
 53 

 
furnished to each Lender, which present fairly in all material respects the consolidated financial position of Opco and its consolidated subsidiaries as of such date and the consolidated results
of operations and cash flows of Opco and its consolidated subsidiaries for the three and nine months then ended. 
 SECTION
3.06. No Material Adverse Effect. Since December 31, 2006, there has been no event or circumstance that, individually or in the aggregate with other events or circumstances, has had or would reasonably be expected to have a Material
Adverse Effect. 
 SECTION 3.07. Title to Properties; Possession Under Leases. 

(a) Each of the Borrower and the Restricted Subsidiaries has good and insurable fee simple title to, or valid leasehold interests in, or
easements or other limited property interests in, all its real properties and has good and marketable title to its personal property and assets, in each case, except for Permitted Liens and except for defects in title that do not materially
interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes and except where the failure to have such title would not reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect. All such properties and assets are free and clear of Liens, other than Permitted Liens or Liens arising by operation of law. 
 (b) Each of the Borrower and the Restricted Subsidiaries have complied with all material obligations under all leases to which it is a party, except where the failure to comply would not reasonably be
considered to have, individually or in the aggregate, a Material Adverse Effect, and all such leases are in full force and effect, except leases in respect of which the failure to be in full force and effect would not reasonably be expected to have
a Material Adverse Effect. Except as set forth on Schedule 3.07(b), each of the Borrower and its Restricted Subsidiaries enjoys peaceful and undisturbed possession under all such leases, other than leases in respect of which the failure to
enjoy peaceful and undisturbed possession would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 (c) Each of the Borrower and its Restricted Subsidiaries owns or possesses, or is licensed to use, all patents, trademarks, service marks, trade names and copyrights, all applications for any of the
foregoing and all licenses and rights with respect to the foregoing necessary for the present conduct of its business, without any conflict (of which the Borrower has been notified in writing) with the rights of others, except where such conflicts
and restrictions would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

SECTION 3.08. Subsidiaries. 
 (a) Schedule 3.08(a) sets forth as of the Closing Date the name and jurisdiction of incorporation, formation or organization of each Subsidiary of the Borrower and, as to each such Subsidiary, the
percentage of each class of Equity Interests owned by the Borrower or by any such Subsidiary. 
 (b) As of the Closing Date,
there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to 

  
 54 

 
employees or directors (or entities controlled by directors) and shares held by directors (or entities controlled by directors)) of any nature relating to any Equity Interests of the Borrower or
any of the Restricted Subsidiaries, except rights of employees to purchase Equity Interests of the Borrower in connection with the Transactions and Contemplated Transactions). 
 SECTION 3.09. Litigation; Compliance With Laws. 
 (a) There are no actions,
suits or proceedings at law or in equity or by or on behalf of any Governmental Authority or in arbitration now pending, or, to the knowledge of the Borrower, threatened in writing against or affecting the Borrower or any of the Restricted
Subsidiaries or any business, property or rights of any such person which would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 (b) None of the Borrower, its Restricted Subsidiaries and their respective properties or assets is in violation of (nor will the continued operation of their material properties and assets as currently
conducted violate) any law, rule or regulation (including any zoning, building, ordinance, code or approval or any building permit, but excluding any Environmental Laws, which are subject to Section 3.16), or is in default with respect
to any judgment, writ, injunction or decree of any Governmental Authority, where such violation or default would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

SECTION 3.10. Federal Reserve Regulations. 
 (a) None of the Borrower or its Restricted Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin
Stock. 
 (b) No part of the proceeds of the Loans will be used, whether directly or indirectly, and whether immediately,
incidentally or ultimately, (i) to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose, or (ii) for any purpose
that entails a violation of, or that is inconsistent with, the provisions of the Regulations of the Board, including Regulation U or Regulation X. 
 SECTION 3.11. Investment Company Act. None of the Borrower and its Restricted Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company
Act of 1940, as amended. 
 SECTION 3.12. Use of Proceeds. The Borrower will use the proceeds of the Loans borrowed on
the Closing Date for the payment of distributions to the holders of the Borrower’s Equity Interests and to pay expenses in connection with the execution and delivery of the Loan Documents. 

SECTION 3.13. Tax Returns. 
 (a) Each of the Borrower and its Restricted Subsidiaries has filed or caused to be filed all federal, state, local and non-U.S. Tax returns required to have been filed by it as of

  
 55 

 
the Closing Date that are material to such companies, taken as a whole, and each such Tax return is true and correct in all material respects; 

(b) Each of the Borrower and its Restricted Subsidiaries has timely paid or caused to be timely paid all Taxes shown to be due and
payable by it on the returns referred to in clause (a) and all other Taxes or assessments (or made adequate provision (in accordance with GAAP) for the payment of all Taxes due) with respect to all periods or portions thereof ending on or
before the Closing Date (except Taxes or assessments that are being contested in good faith and for which the Borrower or any of its Restricted Subsidiaries (as the case may be) has set aside on its books adequate reserves in accordance with GAAP),
which Taxes, if not paid or adequately provided for, would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and 
 (c) Other than as would not be, individually or in the aggregate, reasonably expected to have a Material Adverse Effect: as of the Closing Date, with respect to each of the Borrower and its Restricted
Subsidiaries, there are no claims being asserted in writing with respect to any Taxes. 
 SECTION 3.14. No Material
Misstatements. 
 (a) All written information (other than financial projections, estimates and information of a general
economic and industry nature) (the “Information”) concerning the Borrower and its Subsidiaries, the Contemplated Transactions and any other transactions contemplated hereby included in the Information Memorandum or otherwise
prepared by or on behalf of the foregoing or their representatives and made available to any Lenders or the Administrative Agent in connection with the execution and delivery of the Loan Documents or the other transactions contemplated hereby, when
taken as a whole, was true and correct in all material respects, as of the date such Information was furnished to the Lenders and as of the Closing Date and did not, taken as a whole, contain any untrue statement of a material fact as of any such
date or omit to state a material fact necessary in order to make the statements contained therein, taken as a whole, not materially misleading in light of the circumstances under which such statements were made. 

(b) Any financial projections, estimates and information of a general economic and industry nature prepared by or on behalf of the
Borrower or any of its representatives and that have been made available to any Lenders or the Administrative Agent in connection with the execution and delivery of the Loan Documents or the other transactions contemplated hereby (i) have been
prepared in good faith based upon assumptions believed by the Borrower to be reasonable as of the date thereof (it being understood that actual results may vary materially from any financial projections and estimates), as of the date such financial
projections and estimates were furnished to the Lenders and as of the Closing Date, and (ii) as of the Closing Date, have not been modified in any material respect by the Borrower. 

SECTION 3.15. Employee Benefit Plans. 
 (a) Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect: (i) each Plan is in compliance in all material

  
 56 

 
respects with the applicable provisions of ERISA and the Code; (ii) no Reportable Event has occurred during the past five years as to which the Borrower or any of its Subsidiaries or any
ERISA Affiliate was required to file a report with the PBGC, other than reports that have been filed; (iii) no Plan has any Unfunded Pension Liability in excess of $40.0 million and the aggregate amount of Unfunded Pension Liabilities for all
Plans is not in excess of $70.0 million; (iv) no ERISA Event has occurred or is reasonably expected to occur; (v) none of the Borrower or the Restricted Subsidiaries has engaged in a “prohibited transaction” (as defined in
Section 406 of ERISA and Code Section 4975) in connection with any employee pension benefit plan (as defined in Section 3(2) of ERISA) that would subject the Borrower or any Subsidiary to tax; and (vi) none of the Borrower, its
Restricted Subsidiaries and the ERISA Affiliates (A) has received any written notification that any Multiemployer Plan is in reorganization or has been terminated within the meaning of Title IV of ERISA, or has knowledge that any Multiemployer
Plan is reasonably expected to be in reorganization or to be terminated or (B) has incurred or is reasonably expected to incur any withdrawal liability to any Multiemployer Plan. 

(b) Each of the Borrower and its Restricted Subsidiaries is in compliance (i) with all applicable provisions of law and all
applicable regulations and published interpretations thereunder with respect to any Foreign Benefit Plan and (ii) with the terms of any such Foreign Benefit Plan, except, in each case, for such noncompliance that would not reasonably be
expected to have a Material Adverse Effect. 
 (c) Except as would not reasonably be expected to result in a Material Adverse
Effect, there are no pending, or to the knowledge of the Borrower, threatened claims (other than claims for benefits in the normal course), sanctions, actions or lawsuits, asserted or instituted against any Plan or any person as fiduciary or sponsor
of any Plan that could result in liability to the Borrower, any Restricted Subsidiaries or the ERISA Affiliates. 
 SECTION
3.16. Environmental Matters. 
 (a) Except as set forth in Schedule 3.16 and except as to matters that would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect: (i) no written notice, request for information, order, complaint or penalty has been received by the Borrower or any of its Subsidiaries, and there are
no judicial, administrative or other actions, suits or proceedings pending or, to the Borrower’s knowledge, threatened which allege a violation of or liability under any Environmental Laws, in each case relating to the Borrower or any of its
Subsidiaries, (ii) each of the Borrower and its Subsidiaries has all environmental permits, licenses and other approvals necessary for its operations to comply with all applicable Environmental Laws and is, and during the term of all applicable
statutes of limitation, has been, in compliance with the terms of such permits, licenses and other approvals and with all other applicable Environmental Laws, (iii) to the Borrower’s knowledge, no Hazardous Material is located at, on or
under any property currently owned, operated or leased by the Borrower or any of its Subsidiaries that would reasonably be expected to give rise to any cost, liability or obligation of the Borrower or any of its Subsidiaries under any Environmental
Laws, and no Hazardous Material has been generated, owned, treated, stored, handled, used, disposed of, controlled, transported to or Released at any location in a manner that would reasonably be expected to give rise to any cost, liability or
obligation of the Borrower or any of its Subsidiaries under any Environmental Laws and (iv) there are no agreements in which the Borrower or any of 

  
 57 

 
its Subsidiaries has expressly assumed or undertaken responsibility for any known or reasonably likely liability or obligation of any other person arising under or relating to Environmental Laws,
which in any such case has not been made available to the Administrative Agent prior to the date hereof, and (v) there has been no material written environmental assessment or audit conducted since January 1, 2002, by or on behalf of the
Borrower or any of the Subsidiaries, of any property currently or, to the Borrower’s knowledge, formerly owned or leased by the Borrower or any of the Subsidiaries that has not been made available to the Administrative Agent prior to the date
hereof. 
 SECTION 3.17. [Reserved]. 
 SECTION 3.18. [Reserved]. 
 SECTION 3.19. Solvency. 

(a) Immediately after giving effect to the Contemplated Transactions on the Closing Date, (i) the fair value of the assets of the
Borrower (individually) and the Borrower and its Restricted Subsidiaries on a consolidated basis, at a fair valuation, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of the Borrower (individually) and the
Borrower and its Restricted Subsidiaries on a consolidated basis, respectively; (ii) the present fair saleable value of the property of the Borrower (individually) and the Borrower and its Restricted Subsidiaries on a consolidated basis will be
greater than the amount that will be required to pay the probable liability of the Borrower (individually) and the Borrower and its Restricted Subsidiaries on a consolidated basis, respectively, on their debts and other liabilities, direct,
subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii) the Borrower (individually) and the Borrower and its Restricted Subsidiaries on a consolidated basis will be able to pay their debts
and liabilities, direct, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) the Borrower (individually) and the Borrower and its Restricted Subsidiaries on a consolidated basis will not
have unreasonably small capital with which to conduct the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted following the Closing Date. 

(b) The Borrower does not intend to, and does not believe that it or any of its Subsidiaries will, incur debts beyond its ability to pay
such debts as they mature, taking into account the timing and amounts of cash to be received by it or any such subsidiary and the timing and amounts of cash to be payable on or in respect of its Indebtedness or the Indebtedness of any such
subsidiary. 
 SECTION 3.20. Labor Matters. Except as, individually or in the aggregate, would not reasonably be expected
to have a Material Adverse Effect: (a) there are no strikes or other labor disputes pending or threatened against the Borrower or its Restricted Subsidiaries; (b) the hours worked and payments made to employees of the Borrower and its
Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable law dealing with such matters; and (c) all payments due from the Borrower and its Restricted Subsidiaries or for which any claim may be
made against the Borrower or its Restricted Subsidiaries, on account of wages and employee health and welfare insurance and other benefits have been paid or 

  
 58 

 
accrued as a liability on the books of the Borrower or such Restricted Subsidiary to the extent required by GAAP. 
 SECTION 3.21. Insurance. Schedule 3.21 sets forth a true, complete and correct description of all material insurance maintained by or on behalf of the Borrower and its Restricted
Subsidiaries as of the Closing Date. As of such date, such insurance is in full force and effect. 
 SECTION 3.22. No
Default. No Default or Event of Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement. 
 SECTION 3.23. Intellectual Property; Licenses, Etc. 
 Except as would not
reasonably be expected to have a Material Adverse Effect, (a) the Borrower and each of its Restricted Subsidiaries owns, or possesses the right to use, all of the patents, registered trademarks, registered service marks or trade names,
registered copyrights or mask works, domain names, applications and registrations for any of the foregoing (collectively, “Intellectual Property Rights”) that are reasonably necessary for the operation of their respective
businesses, without conflict with the rights of any other person, (b) to the best knowledge of the Borrower, the Borrower and its Restricted Subsidiaries are not interfering with, infringing upon, misappropriating or otherwise violating
Intellectual Property Rights of any person, and (c) no claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrower, threatened. 
 ARTICLE IV  
 Conditions of Lending 

The making of the Loans on the Closing Date under this Agreement are subject to the satisfaction of the following conditions precedent,
except as otherwise agreed between the Borrower and the Administrative Agent. 
 SECTION 4.01. Loan Documents. The
Administrative Agent shall have received this Agreement, executed and delivered by a duly authorized officer of the Borrower and the Administrative Agent. 
 SECTION 4.02. No Default; Representations and Warranties. On the Closing Date and also after giving effect thereto, (a) no Default or Event of Default shall have occurred and be continuing and
(b) all representations and warranties made by the Borrower in Sections 3.01, 3.02, 3.03 and 3.04 shall be true and correct in all material respects. 

SECTION 4.03. Notice of Borrowing. Prior to the making of any Loan, the Administrative Agent shall have received a Notice of
Borrowing meeting the requirements of Section 2.03. 
 SECTION 4.04. Other Conditions Precedent. 

  
 59 

 (a) Corporate and Other Proceedings. The Administrative Agent shall have received
from the Borrower each of the items referred to in clauses (i), (ii), (iii), (iv) and (v) below: 
 (i)
a copy of the certificate or articles of incorporation, including all amendments thereto, of the Borrower, certified as of a recent date by the Secretary of State (or other similar official) of the jurisdiction of its organization, and a certificate
as to the good standing (to the extent such concept or a similar concept exists under the laws of such jurisdiction) of the Borrower as of a recent date from such Secretary of State (or other similar official); 

(ii) a certificate of the Secretary or Assistant Secretary or similar officer of the Borrower dated the Closing Date and
certifying: 
 (A) that attached thereto is a true and complete copy of the by-laws (or other equivalent
constituent and governing documents) of the Borrower as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, 

(B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors (or equivalent
governing body) of the Borrower authorizing the execution, delivery and performance of this Agreement and the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect on the
Closing Date, 
 (C) that the certificate or articles of incorporation and governing documents of the Borrower
have not been amended since the date of the last amendment thereto disclosed pursuant to clause (i) above, 

(D) as to the incumbency and specimen signature of each Officer executing this Agreement or any other document delivered
in connection herewith on behalf of the Borrower and 
 (E) as to the absence of any pending proceeding for the
dissolution or liquidation of the Borrower or, to the knowledge of such person, threatening the existence of the Borrower; 
 (iii) a certificate of a director or another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary or similar officer executing the certificate pursuant to
clause (ii) above; 
 (iv) The Lenders shall have received a solvency certificate substantially in the form
of Exhibit B and signed by a Financial Officer of the Borrowers confirming the solvency of the Borrower and its Subsidiaries on a consolidated basis after giving effect to the Transactions on the Closing Date; and 

  
 60 

 (v) such other documents as the Administrative Agent and the Lenders on the
Closing Date may reasonably request (including tax identification numbers and addresses). 
 (b) Opinions of Counsel. The
Administrative Agent shall have received a favorably written legal opinion from O’Melveny & Myers LLP, counsel to the Borrower, in form and substance reasonably satisfactory to the Administrative Agent. 

(c) Fees and Expenses. Any fees required to be paid on the Closing Date and all expenses (including the reasonable fees,
disbursements and other charges of Cravath, Swaine & Moore LLP, counsel for the Agents) for which invoices have been presented on or prior to the Closing Date shall have been paid. 

ARTICLE V 

Successor Company 
 SECTION 5.01. When Borrower May Merge or Transfer Assets. 
 The Borrower
shall not, directly or indirectly, consolidate, amalgamate or merge with or into or wind up or convert into (whether or not the Borrower is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially
all of its properties or assets in one or more related transactions, to any Person unless: 
 (i) the Borrower is
the surviving Person or the Person formed by or surviving any such consolidation, amalgamation, merger, winding up or conversion (if other than the Borrower) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall
have been made is a corporation, partnership or limited liability company organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (the Borrower or such Person, as the case may
be, being herein called the “Successor Company”); provided that in the case where the surviving Person is not a corporation, a co-obligor of the Loans is a corporation; 

(ii) the Successor Company (if other than the Borrower) expressly assumes all the obligations of the Borrower under this
Agreement pursuant to documents or instruments in form reasonably satisfactory to the Administrative Agent; 

(iii) immediately after giving effect to such transaction (and treating any Indebtedness which becomes an obligation of
the Borrower (including any Successor Company thereto) or any of its Restricted Subsidiaries as a result of such transaction as having been Incurred by the Borrower or such Restricted Subsidiary at the time of such transaction) no Default or Event
of Default shall have occurred and be continuing; and 
 (iv) immediately after giving pro forma effect to such
transaction, as if such transaction had occurred at the beginning of the applicable four-quarter period (and treating any Indebtedness which becomes an obligation of the Borrower (including any Successor Company thereto) or any of its Restricted
Subsidiaries as a result of such transaction as having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction), either 

  
 61 

 (A) the Borrower (including any Successor Company thereto) would be
permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in clause (i) of Section 6.03(a); or 

(B) the Fixed Charge Coverage Ratio for the Borrower (including any Successor Company thereto) and its Restricted
Subsidiaries would be greater than such ratio for the Borrower and its Restricted Subsidiaries immediately prior to such transaction. 
 The Successor Company (if other than the Borrower) shall succeed to, and be substituted for, the Borrower under this Agreement, and in such event the Borrower will automatically be released and discharged
from its obligations under this Agreement and the Loans. Notwithstanding the foregoing clauses (iii) and (iv) of this Section 5.01, (a) any Restricted Subsidiary may merge, consolidate or amalgamate with or transfer all or
part of its properties and assets to the Borrower or to another Restricted Subsidiary, and (b) the Borrower may merge, consolidate or amalgamate with an Affiliate incorporated solely for the purpose of reincorporating the Borrower in another
state of the United States, the District of Columbia or any territory of the United States, so long as the amount of Indebtedness of the Borrower and its Restricted Subsidiaries is not increased thereby. This Article V will not apply to a
sale, assignment, transfer, conveyance or other disposition of assets between or among the Borrower and its Restricted Subsidiaries. 
 ARTICLE VI  
 Covenants 

SECTION 6.01. Payment of Loans. 
 (a) The Borrower agrees that it shall promptly pay the principal of and interest on the Loans on the dates and in the manner provided in this Agreement. An installment of principal of or interest shall be
considered paid on the date due if on such date the Administrative Agent holds as of 12:00 p.m. Eastern time money sufficient to pay all principal and interest then due and the Administrative Agent is not prohibited from paying such money to the
Lenders on that date pursuant to the terms of this Agreement. 
 (b) The Borrower shall pay interest on overdue principal and
interest at the rate specified therefor in Section 2.08 of this Agreement. 
 SECTION 6.02. Reports and Other
Information. 
 (a) The Borrower shall provide the Administrative Agent for distribution to the Lenders, within 15 days
after the time the Borrower would otherwise be required to file such information with the SEC if it were subject to Section 13 or 15(d) of the Exchange Act, 

(i) annual reports on Form 10-K (or any successor or comparable form) containing the information required to be filed
therein (or required in such successor or comparable form), 

  
 62 

 (ii) quarterly reports on Form 10-Q (or any successor or comparable form)
containing the information required to be filed therein (or required in such successor or comparable form), 

(iii) promptly from time to time after the occurrence of an event required to be therein reported (and in any event within
the time period specified in the SEC’s rules and regulations), such other reports on Form 8-K (or any successor or comparable form), and 
 (iv) any other information, documents and other reports which the Borrower would be required to file with the SEC if it were subject to Section 13 or 15(d) of the Exchange Act. 

(b) In the event that: 
 (i) the rules and regulations of the SEC permit the Borrower and any direct or indirect parent of the Borrower to report at such parent entity’s level on a consolidated basis and 

(ii) such parent entity of the Borrower is not engaged in any business in any material respect other than incidental to
its ownership, directly or indirectly, of the capital stock of the Borrower, 
 such consolidated reporting at such parent entity’s level
in a manner consistent with that described in this Section 6.02 for the Borrower shall satisfy this Section 6.02. 
 In addition, such requirements shall be deemed satisfied with respect to the fiscal year ending March 31, 2007, by providing such information to the Administrative Agent within 90 days following the
end of such fiscal year. 
 In the event that any direct or indirect parent of the Borrower guarantees the Loans, the Borrower
may satisfy its obligations under this Section 6.02 with respect to financial information relating to the Borrower by furnishing financial information relating to such direct or indirect parent; provided that the same is
accompanied by consolidating information that explains in reasonable detail the differences between the information relating to such direct or indirect parent and any of its Subsidiaries other than the Borrower and its Subsidiaries, on the one hand,
and the information relating to the Borrower and the Subsidiaries of the Borrower on a standalone basis, on the other hand. 

SECTION 6.03. Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. 

(a) The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness
(including Acquired Indebtedness) or issue any shares of Disqualified Stock; and the Borrower shall not permit any of its Restricted Subsidiaries to issue any shares of Preferred Stock; provided, however, that (i) the Borrower and any
Restricted Subsidiary (other than Opco or any Restricted Subsidiary of Opco) may Incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock and any 

  
 63 

 
Restricted Subsidiary (other than Opco or any Restricted Subsidiary of Opco) may issue shares of Preferred Stock, in each case if the Fixed Charge Coverage Ratio of the Borrower for the most
recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is Incurred or such Disqualified Stock or Preferred Stock is issued would have been
at least 1.75 to 1.00 and (ii) Opco and any Restricted Subsidiary of Opco may Incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock or Preferred Stock, in each case if the Fixed Charge Coverage Ratio of Opco
for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is Incurred or such Disqualified Stock or Preferred Stock is issued
would have been at least 2.00 to 1.00, in the case of each of clauses (i) and (ii), determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been Incurred, or the
Disqualified Stock or Preferred Stock had been issued, as the case may be, and the application of proceeds therefrom had occurred at the beginning of such four-quarter period. 
 (b) The limitations set forth in Section 6.03(a) shall not apply to: 
 (i) the Incurrence by the Borrower or its Restricted Subsidiaries of Indebtedness under the Opco Credit Agreement and the issuance and creation of letters of credit and bankers’ acceptances
thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal amount equal to the face amount thereof) up to an aggregate principal amount of $1,005.0 million outstanding at any one time; 

(ii) the Incurrence by the Borrower of the Loans; 

(iii) Indebtedness existing on the Closing Date (other than Indebtedness described in clauses (i) and (ii) of
this Section 6.03(b)), including, without limitation, the Indebtedness outstanding under the Opco Notes; 
 (iv)(1) Indebtedness (including Capitalized Lease Obligations) Incurred by the Borrower or any of its Restricted Subsidiaries, Disqualified Stock issued by the Borrower or any of its Restricted
Subsidiaries and Preferred Stock issued by any Restricted Subsidiaries of the Borrower to finance (whether prior to or within 270 days after) the purchase, lease, construction or improvement of property (real or personal) or equipment (whether
through the direct purchase of assets or the Capital Stock of any Person owning such assets (but no other material assets)) and (2) Acquired Indebtedness; in an aggregate principal amount which, when aggregated with the principal amount of all
other Indebtedness, Disqualified Stock and Preferred Stock then outstanding that was Incurred pursuant to this clause (d), does not exceed the greater of $75.0 million and 4.0% of Total Assets at the time of Incurrence; 

(v) Indebtedness Incurred by the Borrower or any of its Restricted Subsidiaries constituting reimbursement obligations
with respect to letters of credit and bank guarantees issued in the ordinary course of business, including without limitation letters of credit in respect of workers’ compensation claims, health, disability or other benefits to employees or
former employees or their families or property, casualty or 

  
 64 

 
liability insurance or self-insurance, or other Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation claims; 

(vi) Indebtedness arising from agreements of the Borrower or a Restricted Subsidiary providing for indemnification,
adjustment of purchase price or similar obligations, in each case Incurred in connection with the Transactions or any other acquisition or disposition of any business, assets or a Subsidiary of the Borrower in accordance with the terms of the Credit
Agreement, other than guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Subsidiary for the purpose of financing such acquisition; 

(vii) Indebtedness of the Borrower to a Restricted Subsidiary; provided that any such Indebtedness is subordinated
in right of payment to the obligations of the Borrower under the Loans; provided, further, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a
Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Borrower or another Restricted Subsidiary) shall be deemed, in each case, to be an Incurrence of such Indebtedness; 

(viii) shares of Preferred Stock of a Restricted Subsidiary issued to the Borrower or another Restricted Subsidiary;
provided that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary that holds such shares of Preferred Stock of another Restricted Subsidiary ceasing to be a Restricted
Subsidiary or any other subsequent transfer of any such shares of Preferred Stock (except to the Borrower or another Restricted Subsidiary) shall be deemed, in each case, to be an issuance of shares of Preferred Stock; 

(ix) Indebtedness of a Restricted Subsidiary to the Borrower or another Restricted Subsidiary; provided that any
subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary holding such Indebtedness ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to
the Borrower or another Restricted Subsidiary) shall be deemed, in each case, to be an Incurrence of such Indebtedness; 
 (x) Hedging Obligations that are not incurred for speculative purposes and either (1) for the purpose of fixing or hedging interest rate risk with respect to any Indebtedness that is permitted by the
terms of this Agreement to be outstanding; (2) for the purpose of fixing or hedging currency exchange rate risk with respect to any currency exchanges; or (3) for the purpose of fixing or hedging commodity price risk with respect to any
commodity purchases or sales; 
 (xi) obligations (including reimbursement obligations with respect to letters of
credit and bank guarantees) in respect of performance, bid, appeal and surety bonds and completion guarantees provided by the Borrower or any Restricted Subsidiary in the ordinary course of business; 

  
 65 

 (xii) Indebtedness or Disqualified Stock of the Borrower or any Restricted
Subsidiary of the Borrower and Preferred Stock of any Restricted Subsidiary of the Borrower not otherwise permitted hereunder in an aggregate principal amount, which when aggregated with the principal amount or liquidation preference of all other
Indebtedness, Disqualified Stock and Preferred Stock then outstanding and Incurred pursuant to this clause (xii), does not exceed $100.0 million at any one time outstanding (it being understood that any Indebtedness Incurred under this clause
(xii) shall cease to be deemed Incurred or outstanding for purposes of this clause (xii) but shall be deemed Incurred for purposes of Section 6.03(a) from and after the first date on which the Borrower, or the Restricted
Subsidiary, as the case may be, could have Incurred such Indebtedness under Section 6.03(a) without reliance upon this clause (xii)); 
 (xiii) any guarantee by the Borrower or a Restricted Subsidiary of Indebtedness or other obligations of the Borrower or any of its Restricted Subsidiaries so long as the Incurrence of such Indebtedness
Incurred by the Borrower or such Restricted Subsidiary is permitted under the terms of this Agreement; provided that if such Indebtedness is incurred by the Borrower and is by its express terms subordinated in right of payment to the Loans,
any such guarantee of the Borrower or such Restricted Subsidiary with respect to such Indebtedness shall be subordinated in right of payment to the Loans, substantially to the same extent as such Indebtedness of the Borrower is subordinated to the
Loans; 
 (xiv) the Incurrence by the Borrower or any of its Restricted Subsidiaries of Indebtedness or
Disqualified Stock or Preferred Stock of a Restricted Subsidiary of the Borrower which serves to refund, refinance or defease any Indebtedness Incurred or Disqualified Stock or Preferred Stock issued as permitted under Section 6.03(a)
and clauses (ii), (iii), (iv), (xiv), (xv), (xix) and (xx) of this Section 6.03(b) or any Indebtedness, Disqualified Stock or Preferred Stock Incurred to so refund or refinance such Indebtedness, Disqualified Stock or Preferred
Stock, including any Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay premiums and fees in connection therewith (subject to the following proviso, “Refinancing Indebtedness”) prior to its respective maturity;
provided, however, that such Refinancing Indebtedness: 
 1. has a Weighted Average Life to Maturity at
the time such Refinancing Indebtedness is Incurred which is not less than the shorter of (x) the remaining Weighted Average Life to Maturity of the Indebtedness, Disqualified Stock or Preferred Stock being refunded or refinanced and
(y) the Weighted Average Life to Maturity that would result if all payments of principal on the Indebtedness, Disqualified Stock and Preferred Stock being refunded or refinanced that were due on or after the date one year following the maturity
date of the Loans were instead due on such date one year following the maturity date of the Loans; 
 2. has a
Stated Maturity which is not earlier than the earlier of (x) the Stated Maturity of the Indebtedness being refunded or refinanced or (y) 91 days following the maturity date of the Loans; 

  
 66 

 3. to the extent such Refinancing Indebtedness refinances
(a) Indebtedness junior to the Loans, such Refinancing Indebtedness is junior to the Loans or (b) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness is Disqualified Stock or Preferred Stock; 

4. is Incurred in an aggregate amount (or if issued with original issue discount, an aggregate issue price) that is equal
to or less than the aggregate amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced plus premium, fees and expenses Incurred in connection with such refinancing;

 5. shall not include Indebtedness of the Borrower or a Restricted Subsidiary that refinances Indebtedness of
an Unrestricted Subsidiary; and 
 6. in the case of any Refinancing Indebtedness Incurred to refinance
Indebtedness outstanding under clause (iv) or (xix) of this Section 6.03(b), shall be deemed to have been Incurred and to be outstanding under such clause (iv) or (xix) of this Section 6.03(b), as
applicable, and not this clause (xiv) for purposes of determining amounts outstanding under such clauses (iv) or (xix) of this Section 6.03(b); 
 provided, further, that subclauses (1) and (2) of this clause (xiv) shall not apply to any refunding or refinancing of the Loans or any Indebtedness of Opco. 

(xv) Indebtedness, Disqualified Stock or Preferred Stock of Persons that are acquired by the Borrower or any of its
Restricted Subsidiaries or merged or amalgamated into the Borrower or a Restricted Subsidiary in accordance with the terms of this Agreement; provided, however, that such Indebtedness, Disqualified Stock or Preferred Stock is not Incurred in
contemplation of such acquisition, merger or amalgamation or to provide all or a portion of the funds or credit support required to consummate such acquisition, merger or amalgamation; provided, further, however, that after giving effect to
such acquisition and the Incurrence of such Indebtedness either: 
 1. in the case of Indebtedness, Disqualified
Stock or Preferred Stock Incurred by the Borrower or any of its Restricted Subsidiaries (other than Opco or any Restricted Subsidiary of Opco), (A) the Borrower would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to
the Fixed Charge Coverage Ratio test set forth in clause (i) of Section 6.03(a); or (B) the Fixed Charge Coverage Ratio of the Borrower would be greater than immediately prior to such acquisition; or 

2. in the case of Indebtedness, Disqualified Stock or Preferred Stock Incurred by Opco or any Restricted Subsidiary of
Opco, (A) Opco would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in clause (ii) of Section 6.03(a); or (B) the Fixed Charge Coverage Ratio of
Opco would be greater than immediately prior to such acquisition; 

  
 67 

 (xvi) Indebtedness Incurred by a Receivables Subsidiary in a Qualified
Receivables Financing that is not recourse to the Borrower or any Restricted Subsidiary other than a Receivables Subsidiary (except for Standard Securitization Undertakings); 

(xvii) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar
instrument drawn against insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within five Business Days of its Incurrence; 

(xviii) Indebtedness of the Borrower or any Restricted Subsidiary supported by a letter of credit or bank guarantee issued
pursuant to the Opco Credit Agreement, in a principal amount not in excess of the stated amount of such letter of credit; 
 (xix) Contribution Indebtedness; 
 (xx) Indebtedness of
Subsidiaries of the Borrower Incurred for working capital purposes; 
 (xxi) Indebtedness of the Borrower or any
Restricted Subsidiary consisting of (x) the financing of insurance premiums or (y) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business; and 

(xxii) Indebtedness consisting of customary indemnification, adjustment of purchase price or similar obligations of the
Borrower or any Restricted Subsidiary, in each case Incurred in connection with the acquisition or disposition of any assets by the Borrower or any Restricted Subsidiary. 
 For purposes of determining compliance with this Section 6.03, in the event that an item of Indebtedness, Disqualified Stock or Preferred Stock meets the criteria of more than one of the
categories of permitted Indebtedness described in clauses (i) through (xxii) above or is entitled to be Incurred pursuant to Section 6.03(a), the Borrower shall, in its sole discretion, classify or reclassify, or later divide,
classify or reclassify, such item of Indebtedness in any manner that complies with this Section 6.03; provided that all Indebtedness under the Opco Credit Agreement outstanding on February 7, 2007, shall be deemed to have
been Incurred pursuant to clause (i) of Section 6.03(b) and the Borrower shall not be permitted to reclassify all or any portion of such Indebtedness under the Opco Credit Agreement outstanding on the February 7, 2007. Accrual
of interest, the accretion of accreted value, the payment of interest in the form of additional Indebtedness with the same terms (including any increase to the principal amount of the Loans as a result of the payment of PIK Interest or Partial PIK
Interest), the payment of dividends on Preferred Stock in the form of additional shares of Preferred Stock of the same class, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding
solely as a result of fluctuations in the exchange rate of currencies shall not be deemed to be an Incurrence of Indebtedness for purposes of this Section 6.03. Guarantees of, or obligations in respect of letters of credit relating to,
Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included in the determination of such amount of Indebtedness; provided that the Incurrence of the Indebtedness

  
 68 

 
represented by such guarantee or letter of credit, as the case may be, was in compliance with this Section 6.03. 

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 debt, or first committed
or first Incurred (whichever yields the lower U.S. dollar equivalent), in the case of revolving credit debt; 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. 
 SECTION 6.04. Limitation on Restricted Payments. 
 (a) The Borrower shall
not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly: 
 (i) declare or pay
any dividend or make any distribution on account of the Borrower’s or any of its Restricted Subsidiaries’ Equity Interests, including any payment made in connection with any merger, amalgamation or consolidation involving the Borrower
(other than (A) dividends or distributions by the Borrower payable solely in Equity Interests (other than Disqualified Stock) of the Borrower; (B) dividends or distributions by a Restricted Subsidiary so long as, in the case of any
dividend or distribution payable on or in respect of any class or series of securities issued by a Restricted Subsidiary other than a Wholly Owned Restricted Subsidiary, the Borrower or a Restricted Subsidiary receives at least its pro rata share of
such dividend or distribution in accordance with its Equity Interests in such class or series of securities; or (C) dividends or distributions made by the Borrower on or after the Closing Date with the net proceeds of the Loans); 

(ii) purchase or otherwise acquire or retire for value any Equity Interests of the Borrower or any direct or indirect
parent of the Borrower, other than purchases, acquisitions or retirements for value made with the net proceeds of the Loans; 
 (iii) make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case prior to any scheduled repayment or scheduled maturity, any Subordinated
Indebtedness of the Borrower (other than the payment, redemption, prepayment, repurchase, defeasance, acquisition or retirement of (A) Subordinated Indebtedness in anticipation of satisfying a sinking fund obligation, principal installment or
final maturity, in each case due within one year of the date of such payment, redemption, prepayment, repurchase, defeasance, acquisition or retirement and (B) Indebtedness permitted under clauses (vii) and (ix) of
Section 6.03(b)); or 

  
 69 

 (iv) make any Restricted Investment 

(all such payments and other actions set forth in clauses (i) through (iv) above being collectively referred to as “Restricted
Payments”), unless, at the time of such Restricted Payment: 
 (1) no Default shall have occurred and be continuing or
would occur as a consequence thereof; 
 (2)(i) with respect to a Restricted Payment by the Borrower or any Restricted
Subsidiary of the Borrower (other than Opco or any Restricted Subsidiary of Opco), immediately after giving effect to such transaction on a pro forma basis, the Borrower would have had a Fixed Charge Coverage Ratio of at least 1.75 to 1.00; and
(ii) with respect to a Restricted Payment by Opco or any Restricted Subsidiary of Opco, immediately after giving effect to such transaction on a pro forma basis, Opco could Incur $1.00 of additional Indebtedness under clause
(ii) Section 6.03(a); and 
 (3) such Restricted Payment, together with the aggregate amount of all other
Restricted Payments made by the Borrower and its Restricted Subsidiaries after July 21, 2006 (including Restricted Payments permitted by clauses (i), (iv) (only to the extent of one-half of the amounts paid pursuant to such clause),
(vi) and (viii) of Section 6.04(b), but excluding all other Restricted Payments permitted by Section 6.04(b)), is less than the amount equal to the Cumulative Credit. 

(b) The provisions of Section 6.04(a) shall not prohibit: 

(i) the payment of any dividend or distribution within 60 days after the date of declaration thereof, if at the date of
declaration such payment would have complied with the provisions of this Agreement; 
 (ii)(A) the repurchase,
retirement or other acquisition of any Equity Interests (“Retired Capital Stock”) of the Borrower or any direct or indirect parent of the Borrower or Subordinated Indebtedness of the Borrower or any direct or indirect parent of the
Borrower in exchange for, or out of the proceeds of, the substantially concurrent sale of, Equity Interests of the Borrower or any direct or indirect parent of the Borrower or contributions to the equity capital of the Borrower (other than any
Disqualified Stock or any Equity Interests sold to a Subsidiary of the Borrower or to an employee stock ownership plan or any trust established by the Borrower or any of its Subsidiaries) (collectively, including any such contributions,
“Refunding Capital Stock”); and (B) the declaration and payment of accrued dividends on the Retired Capital Stock out of the proceeds of the substantially concurrent sale (other than to a Subsidiary of the Borrower or to an
employee stock ownership plan or any trust established by the Borrower or any of its Subsidiaries) of Refunding Capital Stock; 
 (iii) the redemption, prepayment, repurchase or other acquisition or retirement of Subordinated Indebtedness of the Borrower made by exchange for, or out of the proceeds of the substantially concurrent
sale of, new Indebtedness of the Borrower which is Incurred in accordance with Section 6.03 so long as 

  
 70 

 (A) the principal amount of such new Indebtedness does not exceed the
principal amount of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired for value (plus the amount of any premium required to be paid under the terms of the instrument governing the Subordinated Indebtedness being so
redeemed, repurchased, acquired or retired plus any fees incurred in connection therewith), 
 (B) such
Indebtedness, if incurred by the Borrower is subordinated to the Loans at least to the same extent as such Subordinated Indebtedness so purchased, exchanged, redeemed, prepaid, repurchased, acquired or retired for value, 

(C) such Indebtedness has a final scheduled maturity date equal to or later than the earlier of (x) the final
scheduled maturity date of the Subordinated Indebtedness being so redeemed, prepaid, repurchased, acquired or retired or (y) 91 days following the maturity date of the Loans, and 

(D) such Indebtedness has a Weighted Average Life to Maturity at the time Incurred which is not less than the shorter of
(x) the remaining Weighted Average Life to Maturity of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) the Weighted Average Life to Maturity that would result if all payments of principal on the
Subordinated Indebtedness being redeemed, repurchased, acquired or retired that were due on or after the date one year following the maturity date of the Loans were instead due on such date one year following the maturity date of the Loans;

 (iv) the repurchase, retirement or other acquisition (or dividends to any direct or indirect parent of the
Borrower to finance any such repurchase, retirement or other acquisition) for value of Equity Interests of the Borrower or any direct or indirect parent of the Borrower held by any future, present or former employee, director or consultant of the
Borrower or any direct or indirect parent of the Borrower or any Subsidiary of the Borrower pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or other agreement or arrangement; provided,
however, that the aggregate amounts paid under this clause (iv) do not exceed $15 million in any calendar year (with unused amounts in any calendar year being permitted to be carried over for the two succeeding calendar years subject to a
maximum payment (without giving effect to the following proviso) of $20 million in any calendar year); provided, further, however, that such amount in any calendar year may be increased by an amount not to exceed: 

(A) the cash proceeds received by the Borrower or any of its Restricted Subsidiaries from the sale of Equity Interests
(other than Disqualified Stock) of the Borrower or any direct or indirect parent of the Borrower (to the extent contributed to the Borrower) to members of management, directors or consultants of the Borrower and its Restricted Subsidiaries or any
direct or indirect parent of the Borrower that occurs after the Closing Date (provided that the amount of such cash proceeds utilized for any such repurchase, retirement, 

  
 71 

 other acquisition or dividend shall not increase the amount available for Restricted
Payments under Section 6.04(a)(3)); plus 
 (B) the cash proceeds of key man life insurance policies
received by the Borrower or any direct or indirect parent of the Borrower (to the extent contributed to the Borrower) or the Borrower’s Restricted Subsidiaries after July 21, 2006; 
 provided that the Borrower may elect to apply all or any portion of the aggregate increase contemplated by clauses (A) and (B) above in any calendar year; 

(v) the declaration and payment of dividends or distributions to holders of any class or series of Disqualified Stock of
the Borrower or any of its Restricted Subsidiaries issued or incurred in accordance with Section 6.03; 
 (vi) the declaration and payment of dividends or distributions (a) to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) issued after July 21, 2006, and
(b) to any direct or indirect parent of the Borrower, the proceeds of which will be used to fund the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) of any direct or indirect
parent of the Borrower issued after July 21, 2006; provided, however, that (A) for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of
such Designated Preferred Stock, after giving effect to such issuance (and the payment of dividends or distributions) on a pro forma basis, (i) in the case of Designated Preferred Stock of the Borrower or any Restricted Subsidiary of the
Borrower (other than Opco or any Restricted Subsidiary of Opco), the Borrower would have had a Fixed Charge Coverage Ratio of at least 1.75 to 1.00 and (ii) in the case of Designated Preferred Stock of Opco or any Restricted Subsidiary of Opco,
Opco would have had a Fixed Charge Coverage Ratio of at least 2.00 to 1.00 and (B) the aggregate amount of dividends declared and paid pursuant to this clause (vi) does not exceed the net cash proceeds actually received by the Borrower or
any Restricted Subsidiary of the Borrower from any such sale of Designated Preferred Stock (other than Disqualified Stock) issued after July 21, 2006; 
 (vii) Investments in Unrestricted Subsidiaries having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (vii) that are at that time outstanding,
not to exceed $25 million 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); 

(viii) the payment of dividends on the Borrower’s common stock (or the payment of dividends to any direct or indirect
parent of the Borrower to fund the payment by such direct or indirect parent of the Borrower of dividends on such entity’s common stock) of up to 6% per annum of the net proceeds received by the Borrower from any public offering of common
stock of the Borrower or any direct or indirect parent of the Borrower; 

  
 72 

 (ix) Investments that are made with Excluded Contributions; 

(x) [reserved]; 
 (xi) the distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to the Borrower or a Restricted Subsidiary of the Borrower by, Unrestricted Subsidiaries; 

(xii) the payment of dividends or other distributions to any direct or indirect parent of the Borrower in amounts required
for such parent to pay federal, state or local income taxes (as the case may be) imposed directly on such parent to the extent such income taxes are attributable to the income of the Borrower and its Restricted Subsidiaries (including, without
limitation, by virtue of such parent being the common parent of a consolidated or combined tax group of which the Borrower and/or its Restricted Subsidiaries are members); 

(xiii) the payment of dividends, other distributions or other amounts or the making of loans or advances by the Borrower,
if applicable: 
 (A) in amounts required for any direct or indirect parent of the Borrower, if applicable, to
pay fees and expenses (including franchise or similar taxes) required to maintain its corporate existence, customary salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers and employees of any direct or indirect
parent of the Borrower, if applicable, and general corporate overhead expenses of any direct or indirect parent of the Borrower, if applicable, in each case to the extent such fees and expenses are attributable to the ownership or operation of the
Borrower, if applicable, and its Subsidiaries; and 
 (B) in amounts required for any direct or indirect parent
of the Borrower, if applicable, to pay interest and/or principal on Indebtedness the proceeds of which have been contributed to the Borrower or any of its Restricted Subsidiaries and that has been guaranteed by, or is otherwise considered
Indebtedness of, the Borrower Incurred in accordance with Section 6.03; 
 (xiv) cash dividends or
other distributions on the Borrower’s Capital Stock used to, or the making of loans to any direct or indirect parent of the Borrower to, fund the Transactions and the payment of fees and expenses incurred in connection with the Transactions or
owed by Opco or any direct or indirect parent of Opco, as the case may be, or Restricted Subsidiaries of the Borrower to Affiliates, in each case to the extent permitted by Section 6.07; 

(xv) repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests
represent a portion of the exercise price of such options or warrants; 

  
 73 

 (xvi) purchases of receivables pursuant to a Receivables Repurchase
Obligation in connection with a Qualified Receivables Financing and the payment or distribution of Receivables Fees; 
 (xvii) payments of cash, dividends, distributions or advances by the Borrower or any Restricted Subsidiary to allow the payment of cash in lieu of the issuance of fractional shares upon the exercise of
options or warrants or upon the conversion or exchange of Capital Stock of any such Person; 
 (xviii) the
repurchase, redemption, repayment or other acquisition or retirement for value of any Subordinated Indebtedness pursuant to the provisions similar to those described under Section 6.06; provided that all Loans elected to be
prepaid by Lenders in connection with an Asset Sale Offer have been repaid or acquired for value; and 
 (xix)
any payments made, including any such payments made to any direct or indirect parent of Opco to enable it to make payments, in connection with the consummation of the Transactions or as contemplated by the Acquisition Documents (other than payments
to any Permitted Holder or any Affiliate thereof); 
 provided, however, that at the time of, and after giving effect to, any Restricted
Payment permitted under clauses (vi), (vii), (x) and (xi) of this Section 6.04(b), no Default shall have occurred and be continuing or would occur as a consequence thereof. 

(c) As of the Closing Date, all of the Borrower’s Subsidiaries shall be Restricted Subsidiaries. The Borrower shall
not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the definition of “Unrestricted Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding
Investments by the Borrower and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of
“Investments.” Such designation shall only be permitted if a Restricted Payment in such amount would be permitted at such time and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 

(d) Notwithstanding the foregoing provisions of this Section 6.04, (a) if and to the extent Opco or any
of its Restricted Subsidiaries would be permitted to make a Restricted Payment (as defined in the applicable Opco Indenture) pursuant to an Opco Indenture as in effect on the Closing Date to the extent Opco Notes thereunder are outstanding at such
time, Opco or any of its Restricted Subsidiaries, as the case may be, shall be permitted to make under this Agreement such Restricted Payment and (b) dividends or distributions by a Restricted Subsidiary of Opco to Opco or another Restricted
Subsidiary of Opco that is a direct or indirect parent of such Restricted Subsidiary shall be permitted under this Agreement. 

SECTION 6.05. Dividend and Other Payment Restrictions Affecting Subsidiaries. The Borrower shall not, and shall not permit any of
its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 

  
 74 

 (a)(i) pay dividends or make any other distributions to the Borrower or any of its
Restricted Subsidiaries (1) on its Capital Stock; or (2) with respect to any other interest or participation in, or measured by, its profits; or (ii) pay any Indebtedness owed to the Borrower or any of its Restricted Subsidiaries;

 (b) make loans or advances to the Borrower or any of its Restricted Subsidiaries; or 

(c) sell, lease or transfer any of its properties or assets to the Borrower or any of its Restricted Subsidiaries; 

except in each case for such encumbrances or restrictions existing under or by reason of: 

(i) contractual encumbrances or restrictions in effect on the Closing Date, including pursuant to the Opco Credit
Agreement, the other Opco Credit Documents, the Opco Indentures and the Opco Notes (and any exchange Opco Notes and guarantees thereof); 
 (ii) this Agreement and the Loans; 
 (iii) applicable law or any
applicable rule, regulation or order; 
 (iv) any agreement or other instrument relating to Indebtedness of a
Person acquired by the Borrower or any Restricted Subsidiary which was in existence at the time of such acquisition (but not created in contemplation thereof or to provide all or any portion of the funds or credit support utilized to consummate such
acquisition), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; 

(v) contracts or agreements for the sale of assets, including any restriction with respect to a Restricted Subsidiary
imposed pursuant to an agreement entered into for the sale or disposition of the Capital Stock or assets of such Restricted Subsidiary pending the closing of such sale or disposition; 

(vi) Secured Indebtedness otherwise permitted to be Incurred pursuant to Sections 6.03 and 6.12 that limit the
right of the debtor to dispose of the assets securing such Indebtedness; 
 (vii) restrictions on cash or other
deposits or net worth imposed by customers under contracts entered into in the ordinary course of business; 

(viii) customary provisions in joint venture agreements and other similar agreements entered into in the ordinary course
of business; 
 (ix) purchase money obligations for property acquired in the ordinary course of business that
impose restrictions of the nature discussed in clause (c) above on the property so acquired; 

  
 75 

 (x) customary provisions contained in leases, licenses and other similar
agreements entered into in the ordinary course of business that impose restrictions of the type described in clause (c) above on the property subject to such lease; 

(xi) any encumbrance or restriction of a Receivables Subsidiary effected in connection with a Qualified Receivables
Financing; provided, however, that such restrictions apply only to such Receivables Subsidiary; 
 (xii)
other Indebtedness, Disqualified Stock or Preferred Stock of any Restricted Subsidiary of the Borrower that is Incurred subsequent to the Closing Date pursuant to Section 6.03; 

(xiii) any Restricted Investment not prohibited by Section 6.04 and any Permitted Investment; or 

(xiv) any encumbrances or restrictions of the type referred to in clauses (a), (b) and (c) above imposed by any
amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (i) through (xiii) above; provided that such
amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Borrower, no more restrictive with respect to such dividend and other payment restrictions
than those contained in the dividend or other payment restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

For purposes of determining compliance with this Section 6.05, (i) the priority of any Preferred Stock in receiving
dividends or liquidating distributions prior to dividends or liquidating distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions on Capital Stock and (ii) the subordination of loans or
advances made to the Borrower or a Restricted Subsidiary of the Borrower to other Indebtedness Incurred by the Borrower or any such Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances. 

SECTION 6.06. Asset Sales. 
 (a) The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, cause or make an Asset Sale, unless (x) the Borrower or any of its Restricted Subsidiaries, as the case may be,
receives consideration at the time of such Asset Sale at least equal to the Fair Market Value (as determined in good faith by the Borrower) of the assets sold or otherwise disposed of, and (y) at least 75% of the consideration therefor received
by the Borrower or such Restricted Subsidiary, as the case may be, is in the form of Cash Equivalents; provided that the amount of: 
 (i) any liabilities (as shown on the Borrower’s or such Restricted Subsidiary’s most recent balance sheet or in the notes thereto) of the Borrower or any Restricted Subsidiary of the Borrower
(other than liabilities that are by their terms subordinated to the Loans) that are assumed by the transferee of any such assets, 

  
 76 

 (ii) any notes or other obligations or other securities or assets received
by the Borrower or such Restricted Subsidiary of the Borrower from such transferee that are converted by the Borrower or such Restricted Subsidiary of the Borrower into cash within 180 days of the receipt thereof (to the extent of the cash
received), and 
 (iii) any Designated Non-cash Consideration received by the Borrower or any of its Restricted
Subsidiaries in such Asset Sale having an aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (iii) that is at that time outstanding, not to exceed the greater of 3.0% of
Total Assets and $35 million at the time of the receipt of such Designated Non-cash Consideration (with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to
subsequent changes in value) 
 shall be deemed to be Cash Equivalents for the purposes of this Section 6.06(a). 

(b) Within 395 days after the Borrower’s or any Restricted Subsidiary of the Borrower’s receipt of the Net Proceeds of any
Asset Sale, the Borrower or such Restricted Subsidiary of the Borrower may apply the Net Proceeds from such Asset Sale, at its option: 
 (i) to repay Secured Indebtedness (and, if the Indebtedness repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto), Indebtedness of a Restricted Subsidiary,
Obligations under the Loans or Pari Passu Indebtedness (provided that if the Borrower shall so reduce Obligations under Pari Passu Indebtedness, the Borrower shall equally and ratably reduce Obligations under the Loans by making an offer (in
accordance with the procedures set forth below for an Asset Sale Offer) to all Lenders to purchase at a purchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest and Additional Interest, if any, the pro rata
principal amount of Loans), in each case other than Indebtedness owed to the Borrower or an Affiliate of the Borrower; provided, however, that if an offer to repay or repurchase any Indebtedness of any Restricted Subsidiary is made in
accordance with the terms of such Indebtedness, the obligation to permanently repay Indebtedness of a Restricted Subsidiary will be deemed to be satisfied to the extent of the amount of the offer, whether or not accepted by the holders thereof, and
no Excess Proceeds in the amount of such offer will be deemed to exist following such offer; 
 (ii) to make an
investment in any one or more businesses (provided that if such investment is in the form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Borrower), assets, or
property or capital expenditures, in each case used or useful in a Similar Business, or 
 (iii) to make an
investment in any one or more businesses (provided that if such investment is in the form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Borrower), properties
or assets that replace the properties and assets that are the subject of such Asset Sale. 

  
 77 

 In the case of Sections 6.06(b)(ii) and (iii), a binding commitment shall be treated
as a permitted application of the Net Proceeds from the date of such commitment; provided that (x) such investment is consummated within 545 days after receipt by the Borrower or any Restricted Subsidiary of the Net Proceeds of any Asset
Sale and (y) if such investment is not consummated within the period set forth in subclause (x), the Net Proceeds not so applied will be deemed to be Excess Proceeds (as defined below). 

Pending the final application of any such Net Proceeds, the Borrower or such Restricted Subsidiary of the Borrower may temporarily reduce
Indebtedness under a revolving credit facility, if any, or otherwise invest such Net Proceeds in Cash Equivalents or Investment Grade Securities. Any Net Proceeds from any Asset Sale that are not applied as provided and within the time period set
forth in the first sentence of this Section 6.06(b) (it being understood that any portion of such Net Proceeds used to make an offer to prepay Loans, as described in clause (i) of this Section 6.06(b), shall be deemed to
have been invested whether or not such offer is accepted) shall be deemed to constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $15 million, the Borrower shall make an offer to all Lenders (and, at
the option of the Borrower, to holders of any Pari Passu Indebtedness) (an “Asset Sale Offer”) to prepay the maximum principal amount of Loans (and such Pari Passu Indebtedness), that is at least $2,000 and an integral multiple of
$1,000 that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof (or, in the event such Pari Passu Indebtedness was issued with significant original issue discount, 100% of
the accreted value thereof), plus accrued and unpaid interest and Additional Interest, if any (or, in respect of such Pari Passu Indebtedness, such lesser price, if any, as may be provided for by the terms of such Pari Passu Indebtedness), to the
date fixed for the closing of such offer, in accordance with the procedures set forth in this Section 6.06; provided, however, notwithstanding the forgoing, in the case of an Asset Sale by Opco or any Restricted Subsidiary of
Opco, the Borrower shall not be required to make an Asset Sale Offer to the extent Opco is not permitted pursuant to the terms of its outstanding Indebtedness, any other agreement or applicable law to fund such Asset Sale Offer. The Borrower shall
commence an Asset Sale Offer with respect to Excess Proceeds within ten Business Days after the date that Excess Proceeds exceeds $15 million by providing the notice required pursuant to the terms of Section 6.06(f) to the Administrative
Agent. To the extent that the aggregate amount of Loans (and such Pari Passu Indebtedness) elected to be prepaid pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Borrower and its Restricted Subsidiaries may use any remaining
Excess Proceeds for general corporate purposes. If the aggregate principal amount of Loans (and such Pari Passu Indebtedness) so prepaid exceeds the amount of Excess Proceeds, the Borrower shall prepay the Loans (and such Pari Passu Indebtedness) to
be prepaid in the manner described in Section 6.06(e). Upon completion of any such Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. 
 (c) [Reserved]. 
 (d) Not later than the date upon which written notice of an
Asset Sale Offer is delivered to the Administrative Agent as provided above, the Borrower shall deliver to the Administrative Agent an Officers’ Certificate as to (i) the amount of the Excess Proceeds, (ii) the allocation of the Net
Proceeds from the Asset Sales pursuant to which such Asset Sale Offer is being made and (iii) the compliance of such allocation with the provisions of Section 6.06(b). 

  
 78 

 
On such date, the Borrower shall also irrevocably deposit with the Administrative Agent an amount equal to the Excess Proceeds to be invested in Cash Equivalents, as directed in writing by the
Borrower, and to be held for payment in accordance with the provisions of this Section 6.06. Upon the expiration of the period for which the Asset Sale Offer remains open (the “Offer Period”), the Administrative Agent
shall, on the date of purchase, mail or deliver payment to each Lender of Loans elected to be prepaid in the amount of the prepayment price. In the event that the Excess Proceeds delivered by the Borrower to the Administrative Agent are greater than
the prepayment price of the Loans elected to be prepaid, the Administrative Agent shall deliver the excess to the Borrower immediately after the expiration of the Offer Period for application in accordance with Section 6.06. 

(e) Lenders electing to have Loans prepaid shall provide written notice to the Administrative Agent (and the Administrative Agent shall
promptly notify the Borrower) at least three Business Days prior to the prepayment date. Lenders shall be entitled to withdraw their election if the Administrative Agent or the Borrower receives not later than one Business Day prior to the purchase
date, a telegram, telex, facsimile transmission or letter setting forth the name of the Lender, the principal amount of the Loans which was elected to be prepaid by the Lender and a statement that such Lender is withdrawing his election to have such
Loans prepaid. If at the end of the Offer Period more Loans (and such Pari Passu Indebtedness) are tendered pursuant to an Asset Sale Offer than the Borrower is required to purchase, selection of such Loans for purchase shall be made by the
Administrative Agent on a pro rata basis, by lot or by such other method as the Administrative Agent shall deem fair and appropriate (and in such manner as complies with applicable legal requirements). Selection of such Pari Passu Indebtedness shall
be made pursuant to the terms of such Pari Passu Indebtedness. 
 (f) Notices of an Asset Sale Offer shall be mailed by first
class mail, postage prepaid, at least 30 but not more than 60 days before the purchase date to the Administrative Agent (and the Administrative Agent shall promptly notify the Lenders). 

SECTION 6.07. Transactions with Affiliates. 
 (a) The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties
or assets to, or purchase any property or assets from, or enter into or make or amend any transaction or series of transactions, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of the
Borrower (each of the foregoing, an “Affiliate Transaction”) involving aggregate consideration in excess of $7.5 million, unless: 
 (i) such Affiliate Transaction is on terms that are not materially less favorable to the Borrower or the relevant Restricted Subsidiary than those that could have been obtained in a comparable transaction
by the Borrower or such Restricted Subsidiary with an unrelated Person; and 
 (ii) with respect to any Affiliate
Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $20 million, the Borrower delivers to the Administrative Agent a resolution adopted in good faith by the

  
 79 

 
majority of the Board of Directors of the Borrower, approving such Affiliate Transaction and set forth in an Officers’ Certificate certifying that such Affiliate Transaction complies with
clause (i) above. 
 (b) The provisions of Section 6.07(a) shall not apply to the following: 

(i)(A) transactions between or among the Borrower and/or any of its Restricted Subsidiaries and (B) any merger of the
Borrower and any direct parent of the Borrower; provided that such parent shall have no material liabilities and no material assets other than cash, Cash Equivalents and the Capital Stock of the Borrower and such merger is otherwise in
compliance with the terms of this Agreement and effected for a bona fide business purpose; 
 (ii) Restricted
Payments permitted by Section 6.04 and Permitted Investments; 
 (iii)(x) the entering into of any
agreement (and any amendment or modification of any such agreement) to pay, and the payment of, annual management, consulting, monitoring and advisory fees to the Sponsors in an aggregate amount in any fiscal year not to exceed the greater of
(A) $2.5 million and (B) 1.5% of EBITDA of Opco and its Restricted Subsidiaries for the immediately preceding fiscal year, and out-of-pocket expense reimbursement; provided, however, that any payment not made in any fiscal
year may be carried forward and paid in the following two fiscal years and (y) the payment of the present value of all amounts payable pursuant to any agreement described in clause (iii)(x) of Section 6.07(b) in connection with the
termination of such agreement; 
 (iv) the payment of reasonable and customary fees and reimbursement of expenses
paid to, and indemnity provided on behalf of, officers, directors, employees or consultants of the Borrower or any Restricted Subsidiary or any direct or indirect parent of the Borrower; 

(v) payments by the Borrower or any of its Restricted Subsidiaries to the Sponsors made for any financial advisory,
financing, underwriting or placement services or in respect of other investment banking activities, including, without limitation, in connection with acquisitions or divestitures, which payments are (x) made pursuant to the agreements with the
Sponsors described in the Opco Offering Circular or (y) approved by a majority of the Board of Directors of the Borrower in good faith; 
 (vi) transactions in which the Borrower or any of its Restricted Subsidiaries, as the case may be, delivers to the Administrative Agent a letter from an Independent Financial Advisor stating that such
transaction is fair to the Borrower or such Restricted Subsidiary from a financial point of view or meets the requirements of clause (i) of Section 6.07(a); 

(vii) payments or loans (or cancellation of loans) to employees or consultants which are approved by a majority of the
Board of Directors of the Borrower in good faith; 

  
 80 

 (viii) any agreement as in effect as of the Closing Date or any amendment
thereto (so long as any such agreement together with all amendments thereto, taken as a whole, is not more disadvantageous to the Lenders in any material respect than the original agreement as in effect on the Closing Date) or any transaction
contemplated thereby as determined in good faith by senior management or the Board of Directors of the Borrower; 

(ix) the existence of, or the performance by the Borrower or any of its Restricted Subsidiaries of its obligations under
the terms of, the Acquisition Documents, any stockholders agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of the Closing Date and any amendment thereto or similar agreements
which it may enter into thereafter; provided, however, that the existence of, or the performance by the Borrower or any of its Restricted Subsidiaries of its obligations under, any amendment to any such existing agreement or under any
similar agreement entered into after the Closing Date shall only be permitted by this clause (ix) to the extent that the terms of any such existing agreement together with all amendments thereto, taken as a whole, or new agreement are not
otherwise more disadvantageous to the Lenders in any material respect than the original agreement as in effect on the Closing Date; 
 (x) the execution of the Transactions and the payment of all fees and expenses related to the Transactions, including fees to the Sponsors, which are described in the Opco Offering Circular or
contemplated by the Acquisition Documents; 
 (xi)(A) transactions with customers, clients, suppliers or
purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Agreement, which are fair to the Borrower and its Restricted Subsidiaries in the reasonable determination
of the Board of Directors or the senior management of the Borrower, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party or (B) transactions with joint ventures or Unrestricted
Subsidiaries entered into in the ordinary course of business; 
 (xii) any transaction effected as part of a
Qualified Receivables Financing; 
 (xiii) the issuance of Equity Interests (other than Disqualified Stock) of
the Borrower to any Person; 
 (xiv) the issuances of securities or other payments, awards or grants in cash,
securities or otherwise pursuant to, or the funding of, employment arrangements, stock option and stock ownership plans or similar employee benefit plans approved by the Board of Directors of the Borrower or any direct or indirect parent of the
Borrower or of a Restricted Subsidiary of the Borrower, as appropriate, in good faith; 
 (xv) the entering into
of any tax sharing agreement or arrangement and any payments permitted by Section 6.04(b)(xii); 

  
 81 

 (xvi) any contribution to the capital of the Borrower; 

(xvii) transactions permitted by, and complying with, Section 5.01; 

(xviii) transactions between the Borrower or any of its Restricted Subsidiaries and any Person, a director of which is
also a director of the Borrower or any direct or indirect parent of the Borrower; provided, however, that such director abstains from voting as a director of the Borrower or such direct or indirect parent, as the case may be, on any matter
involving such other Person; 
 (xix) pledges of Equity Interests of Unrestricted Subsidiaries; 

(xx) any employment agreements entered into by the Borrower or any of its Restricted Subsidiaries in the ordinary course
of business; 
 (xxi) intercompany transactions undertaken in good faith (as certified by a responsible financial
or accounting officer of the Borrower in an Officers’ Certificate) for the purpose of improving the consolidated tax efficiency of the Borrower and its Subsidiaries and not for the purpose of circumventing any covenant set forth in this
Agreement; or 
 (xxii) the declaration and payment of dividends to holders of the Borrower’s Equity
Interests after the Closing Date with the proceeds received by the Borrower from the Loans. 
 Notwithstanding the foregoing
provisions of this covenant, if and to the extent any action by Opco or any of its Restricted Subsidiaries is not deemed to be an Affiliate Transaction (as defined in the applicable Opco Indenture) or is otherwise permitted under an Opco Indenture
as in effect on the Closing Date to the extent Opco Notes thereunder are outstanding at such time, such action by Opco or its Restricted Subsidiaries, as the case may be, shall not be deemed to be an Affiliate Transaction or shall be permitted,
under this Agreement and, therefore, will not be subject to the provisions of this covenant. 
 SECTION 6.08. [Reserved].

 SECTION 6.09. Compliance Certificate. The Borrower shall deliver to the Administrative Agent within 120 days after the
end of each fiscal year of the Borrower, beginning with the fiscal year end on December 31, 2007, an Officers’ Certificate stating that in the course of the performance by the signers of their duties as Officers of the Borrower they would
normally have knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Borrower is taking or proposes to take
with respect thereto. 
 SECTION 6.10. [Reserved]. 
 SECTION 6.11. Future Guarantors. The Borrower shall cause each Restricted Subsidiary that is a Domestic Subsidiary (unless such Subsidiary is a Receivables Subsidiary) that guarantees any
Indebtedness of the Borrower to execute and deliver to the Administrative 

  
 82 

 
Agent a guarantee pursuant to which such Subsidiary will guarantee payment of the Loans. Each guarantee will be limited to an amount not to exceed the maximum amount that can be guaranteed by
that Restricted Subsidiary without rendering the guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors
generally. Notwithstanding the foregoing, in the event any Restricted Subsidiary rendering a guarantee of the Loans is released and discharged in full from all of its obligations under the guarantees of such other Indebtedness of the Borrower, then
the guarantee of the Loans by such Restricted Subsidiary shall by automatically and unconditionally released or discharged. The guarantee by any Restricted Subsidiary of Indebtedness of another Restricted Subsidiary at the time that such
Indebtedness is also guaranteed by the Borrower shall not constitute a guarantee of Indebtedness of the Borrower. 
 SECTION
6.12. Liens. The Borrower shall not, directly or indirectly, create, Incur or suffer to exist any Lien on any asset or property of the Borrower securing Indebtedness of the Borrower unless the Loans are equally and ratably secured with (or on
a senior basis to, in the case of obligations subordinated in right of payment to the Loans) the obligations so secured until such time as such obligations are no longer secured by a Lien. The preceding sentence shall not require the Borrower to
secure the Loans if the Lien consists of a Permitted Lien. Any Lien which is granted to secure the Loans under this Section 6.12 shall be automatically released and discharged at the same time as the release of the Lien that gave rise to
the obligation to secure the Loans under this Section 6.12. 
 SECTION 6.13. Exchange Offer. 

(a) At any time after the one-year anniversary of the Closing Date but prior to the 30th day after the one-year anniversary of the
Closing Date, the Borrower shall make an offer to the Lenders to exchange the Loans for senior unsecured exchange notes (such notes, the “Exchange Notes”, such exchange, the “Exchange”, and the date of such
exchange, the “Exchange Date”). The Exchange Notes shall be issued under an indenture (the “Exchange Note Indenture”) capable of being qualified under the Trust Indenture Act of 1939, as amended, and shall be issued
in an aggregate principal amount equal to 100.00% of the aggregate principal amount of the Loans for which such Exchange Notes are exchanged; provided, however, that, if a Default shall have occurred and be continuing on the Exchange
Date, any notices given or cure periods commenced while the Loan was outstanding shall be deemed given or commenced (as of the actual dates thereof) for all purposes with respect to the Exchange Notes (with the same effect as if the Exchange Notes
had been outstanding as of the actual dates thereof). Accrued but unpaid interest in relation to a Loan shall be deemed to be accrued but unpaid interest on the corresponding Exchange Note and interest on the Exchange Notes shall accrue from the
Exchange Date to the next interest payment date on the Exchange Notes in accordance with the Interest Election then in effect with respect to the Loans. Thereafter, interest on the Exchange Notes shall accrue in accordance with the Exchange Note
Indenture. 
 (b) The Borrower shall make the Exchange pursuant to an unregistered offer to exchange that shall include a
complete printed offering circular or private placement memorandum suitable for use in a customary “road show” relating to the Exchange Notes (such document and any amendment or supplement to, or update of, such document, a “Holdco
 

  
 83 

 
Offering Document”). Each Holdco Offering Document shall contain (i) all financial statements and other data to be included therein with respect to the Borrower (including
(A) all audited financial statements, (B) all unaudited financial statements (which shall have been reviewed by the independent accountants for the Borrower as provided in Statement on Auditing Standards No. 100, or any successor
statement thereto), and (C) all appropriate pro forma financial statements prepared in accordance with Regulation S-X under the Securities Act), and (ii) all other financial or other data (including selected and acquired company financial
data) that, in the case of each of clauses (i) and (ii), the SEC would require in a registered offering of the Exchange Notes on such date (subject to exceptions customary for placements of high-yield debt securities) or that, in the case of
each of clauses (i) and (ii), would be necessary for any underwriters thereof to receive customary “comfort” (including “negative assurance” comfort) from independent accountants of (x) the Borrower and (y) any
other company whose financial statements are included in any Holdco Offering Document on the Exchange Date and on any date of the applicable Holdco Offering Document (the “Holdco Required Financial Statements”). 

(c) The Exchange shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws or regulations are applicable in connection with the Exchange. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Agreement, the Borrower shall comply with
the applicable securities laws and regulations and shall not be deemed to have breached its obligations with respect to the Exchange described in this Agreement by virtue thereof. Each Lender that wants to participate in the Exchange must be
eligible to purchase securities in a Rule 144A/Regulation S offering and the Borrower shall not be required to register the Exchange or the Exchange Notes under the Securities Act or cause them to be listed or quoted on any exchange or other market;
provided, however, that the Borrower shall issue the Exchange Notes solely in book-entry form and shall deposit the Exchange Notes with a depositary for clearance and trading through The Depository Trust Company
(“DTC”) pursuant to DTC’s policies and procedures. The Borrower shall be obligated to make only one such Exchange during the term of the Loans. 

(d) Notwithstanding anything to the contrary provided herein, if the Borrower fails to comply with any provision of
this Section 6.13, such failure shall not constitute a Default; provided, however, that if the Exchange Date does not occur on or prior to the date that is 540 days after the Closing Date, then the Borrower shall pay
additional interest (“Additional Interest”) on the Loans as liquidated damages to the Lenders in the form of increased interest of 25 basis points per annum (increasing by an additional 25 basis points after each subsequent 90-day
period, up to a maximum of 100 basis points) payable from the 541st day after the Closing Date to but excluding the Exchange Date (such Additional Interest to be payable in the same manner as interest on the Loans is payable). All references to Cash Interest, PIK
Interest, Partial PIK Interest or interest in this Agreement shall be deemed to include any Additional Interest payable pursuant to this Agreement. 
 (e) The Exchange Notes shall have the terms set forth in the Exchange Note Indenture. The Exchange Note Indenture shall (i) contain covenants (and related definitions) that are the same as those set
forth or referenced in Articles V and VI of this Agreement; provided, however, that in the Exchange Note Indenture, (A) a Change of Control shall not be an Event of Default and instead the Borrower shall be required
to make an offer to purchase the Exchange 

  
 84 

 
Notes upon a Change of Control at a price of 101% plus accrued and unpaid interest and otherwise in a manner and within the time periods set forth in the Opco Indentures as in effect on the date
of this Agreement (whether or not in effect as of the Exchange Date) and (B) the Borrower shall be required to post the reports required by the provision in the Exchange Note Indenture corresponding to Section 6.02 to its primary
external website, (ii) provide for semi-annual interest payments on March 1 and September 1 of each year, commencing on the first March 1 or September 1 to occur after the Exchange Date (with such initial interest payment
including all accrued and unpaid interest on the Loans that were exchanged for such Exchange Notes, together with all interest accrued from the Exchange Date), (iii) provide for an Interest Election with respect to the Exchange Notes,
(iv) provide for optional redemption premiums with respect to the Exchange Notes that are the same as with respect to the Loans (with the same effect as if the Exchange Notes had been outstanding as of the date of this Agreement),
(v) provide for a special mandatory redemption on the terms set forth in Section 2.15 of this Agreement, (vi) not include a provision similar to this Section 6.13 providing for an Exchange, (vii) otherwise
contain definitions, terms and transfer restrictions consistent with the Opco Indentures as in effect on the date of this Agreement (whether or not in effect as of the Exchange Date) and (viii) be entered into between the Borrower and a third
party trustee of national standing. The Loans and any Exchange Notes subsequently issued under the Exchange Note Indenture will be separate debt obligations of the Borrower and will not be treated as a single class, including, without limitation,
for purposes of waivers, amendments, redemptions and offers to purchase. 
 (f) Receipt by a Lender of the Exchange Notes and
all amounts due in respect of the corresponding Loans through the Exchange Date shall be in satisfaction of, and shall constitute the discharge of, the corresponding Loans and the Borrower shall have not have any further obligations in respect of
such Loans. 
 ARTICLE VII  
 Events of Default 
 SECTION 7.01. Events of Default. 

An “Event of Default” occurs if: 
 (a) the Borrower defaults in any payment of interest (including any additional interest) on the Loans when due and such default continues for a period of 30 days, 

(b) the Borrower defaults in the payment of principal or premium, if any, of the Loans when due at their Stated Maturity, upon optional
prepayment, upon required prepayment, upon declaration or otherwise, 
 (c) the Borrower fails to comply with its obligations
under Section 5.01, 
 (d) the Borrower or any of the Restricted Subsidiaries of the Borrower fails to comply with
any of its agreements in this Agreement (other than those referred to in clause (a), (b) or (c) above) and such failure continues for 60 days after the notice specified below, 

  
 85 

 (e) the Borrower or any Significant Subsidiary fails to pay any Indebtedness (other than
Indebtedness owing to the Borrower or a Restricted Subsidiary) within any applicable grace period after final maturity or the acceleration of any such Indebtedness by the holders thereof because of a default, in each case, if the total amount of
such Indebtedness unpaid or accelerated exceeds $20 million or its foreign currency equivalent, 
 (f) the Borrower or any
Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 
 (i) commences a voluntary
case; 
 (ii) consents to the entry of an order for relief against it in an involuntary case; 

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

(iv) makes a general assignment for the benefit of its creditors or takes any comparable action under any foreign laws
relating to insolvency, 
 (g) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

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

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

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

(iv) or any similar relief is granted under any foreign laws and the order or decree remains unstayed and in effect for 60
days, 
 (h) the Borrower or any Significant Subsidiary fails to pay final judgments aggregating in excess of $20 million or its
foreign currency equivalent (net of any amounts which are covered by enforceable insurance policies issued by solvent carriers), which judgments are not discharged, waived or stayed for a period of 60 days following the entry thereof, 

(i)(i) a trustee shall be appointed by a United States district court to administer any Plan, (ii) an ERISA Event or ERISA Events
shall have occurred with respect to any Plan or Multiemployer Plan, (iii) the PBGC shall institute proceedings (including giving notice of intent thereof) to terminate any Plan or Plans, (iv) the Borrower or any Subsidiary or any ERISA
Affiliate shall have been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization or is being terminated, within the meaning of Title IV of ERISA or (v) the Borrower or any Subsidiary shall engage in
any “prohibited transaction” (as 

  
 86 

 
defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan; and in each case in clauses (i) through (v) above, such event or condition, together with all
other such events or conditions, if any, would reasonably be expected to have a Material Adverse Effect, or 
 (j) there shall
have occurred a Change of Control. 
 The foregoing shall 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. 
 A Default under Section 7.01(d) shall not constitute an Event of Default until the Administrative Agent notifies the Borrower that Lenders holding at least a majority in principal amount of
the outstanding Loans have notified the Administrative Agent of the Default and the Borrower does not cure such Default within the time specified in Section 7.01(d) 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 Borrower shall deliver to the Administrative Agent, within five (5) Business Days after the occurrence thereof, written notice in the form of
an Officers’ Certificate of any event which is, or with the giving of notice or the lapse of time or both would become, an Event of Default, its status and what action the Borrower is taking or proposes to take with respect thereto. 

SECTION 7.02. Acceleration. If an Event of Default (other than an Event of Default specified in Section 7.01(f) or
(g) with respect to the Borrower or a Significant Subsidiary) occurs and is continuing, Lenders holding at least a majority in principal amount of outstanding Loans, by notice to the Administrative Agent shall declare that the principal of,
premium, if any, and accrued but unpaid interest on all the Loans outstanding is due and payable; provided that in the event that the lenders have declared the entire principal amount of outstanding Loans to be due and payable as a result of
an Event of Default under Section 7.01(i), 101% of such principal amount and unpaid interest on such principal amount shall be due and payable. Upon the Administrative Agent’s notification to the Borrower of such a declaration, such
principal and interest shall be due and payable immediately. If an Event of Default specified in Section 7.01(f) or (g) with respect to the Borrower or a Significant Subsidiary occurs, the principal of, premium, if any, and interest
on the entire principal amount of the outstanding Loans shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Administrative Agent or any Lenders. The Lenders of a majority in principal
amount of the Loans outstanding by notice to the Administrative Agent may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived
except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In the event of any Event of Default specified in
Section 7.01(e), such Event of Default and all consequences thereof (excluding, however, any resulting payment default) shall be annulled, 

  
 87 

 
waived and rescinded, automatically and without any action by the Administrative Agent or the Lenders, if within 20 days after such Event of Default arose the Borrower delivers an Officers’
Certificate to the Administrative Agent stating that (x) the Indebtedness or guarantee that is the basis for such Event of Default has been discharged, (y) the holders thereof have rescinded or waived the acceleration, notice or action (as
the case may be) giving rise to such Event of Default or (z) the default that is the basis for such Event of Default has been cured, it being understood that in no event shall an acceleration of the principal amount of the Loans as described
above be annulled, waived or rescinded upon the happening of any such events. 
 SECTION 7.03. Other Remedies. If an
Event of Default occurs and is continuing, the Administrative Agent may pursue any available remedy at law or in equity to collect the payment of principal of or interest on the Loans or to enforce the performance of any provision of this Agreement.

 The Administrative Agent may maintain a proceeding even if it does not possess any of the Loans or does not produce any of
them in the proceeding. A delay or omission by the Administrative Agent or any Lender 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. To the extent required by law, all available remedies are cumulative. 

SECTION 7.04. Waiver of Past Defaults. Provided the Loans are not then due and payable by reason of a declaration of acceleration,
the Lenders of a majority in principal amount of the Loans by written notice to the Administrative Agent may waive an existing Default and its consequences except (a) a Default in the payment of the principal of or interest on the Loans,
(b) a Default arising from the failure to prepay any Loan when required pursuant to the terms of this Agreement or (c) a Default in respect of a provision that under Section 9.01 cannot be amended without the consent of each
Lender affected. When a Default is waived, it is deemed cured and the Borrower, the Administrative Agent and the Lenders will be restored to their former positions and rights under this Agreement, but no such waiver shall extend to any subsequent or
other Default or impair any consequent right. 
 SECTION 7.05. Control by Majority. The Required Lenders may direct the
time, method and place of conducting any proceeding for any remedy available to the Administrative Agent or of exercising any trust or power conferred on the Administrative Agent. However, the Administrative Agent may refuse to follow any direction
that conflicts with law or this Agreement or, subject to Article VIII, that the Administrative Agent determines is unduly prejudicial to the rights of any other Lender or that would involve the Administrative Agent in personal liability;
provided, however, that the Administrative Agent may take any other action deemed proper by the Administrative Agent that is not inconsistent with such direction. 
 SECTION 7.06. Limitation on Suits. 
 (a) Except to enforce the right to
receive payment of principal, premium (if any) or interest when due, no Lender may pursue any remedy with respect to this Agreement unless: 

  
 88 

 (i) the Lender gives to the Administrative Agent written notice stating that
an Event of Default is continuing; 
 (ii) the Lenders holding at least a majority in principal amount of the
Loans outstanding make a written request to the Administrative Agent to pursue the remedy; 
 (iii) such Lender
or Lenders offer to the Administrative Agent reasonable security or indemnity satisfactory to it against any loss, liability or expense; 
 (iv) the Administrative Agent does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and 

(v) the Lenders of a majority in principal amount of the Loans outstanding do not give the Administrative Agent a
direction inconsistent with the request during such 60-day period. 
 (b) A Lender may not use this Agreement to prejudice the
rights of another Lender or to obtain a preference or priority over another Lender. 
 SECTION 7.07. Rights of the Lenders To
Receive Payment. Notwithstanding any other provision of this Agreement, the right of any Lender to receive payment of principal of and interest on the Loans held by such Lender, on or after the respective due dates expressed or provided for in
this Agreement, 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 Lender. 

SECTION 7.08. No Personal Liability of Directors, Officers, Employees, Managers and Stockholders. No director, officer, employee,
manager, incorporator or holder of any Equity Interests in the Borrower or any direct or indirect parent corporation, as such, will have any liability for any obligations of the Borrower under the Loans, this Agreement, or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each lender by making a Loan waives and releases all such liability. The waiver and release are part of the consideration for borrowing the Loans. 

ARTICLE VIII  
 The Administrative Agent 
 SECTION 8.01. Appointment. Each Lender
hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such
action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan
Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those
expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, 

  
 89 

 
duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. The Syndication Agent, in its capacity as
such, shall have no obligations, duties or responsibilities under this Agreement but shall be entitled to all benefits of this Article VIII. 
 SECTION 8.02. Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be
entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care. 

SECTION 8.03. Exculpatory Provisions. Neither the Administrative Agent nor any of its officers, directors, employees, agents,
attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except for its own gross negligence or willful
misconduct) or (b) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by the Borrower, or any officer thereof contained in this Agreement or any other Loan Document or in any
certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of the Borrower to perform its obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Lender to ascertain
or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of the Borrower. 

SECTION 8.04. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely, and shall be fully protected
in relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent
or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Borrower), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent may deem and treat
the Lender specified in the Register with respect to any amount owing hereunder as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The
Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate. The
Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders, and such request and any action taken or
failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. 
 SECTION 8.05.
Notice Of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received notice from a Lender or the Borrower
referring to 

  
 90 

 
this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” In the event that the Administrative Agent receives such a notice, the
Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this
Agreement, all or other Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders (except to the extent that this Agreement requires that such action be taken only with the approval of the Required Lenders or each of
the Lenders, as applicable). 
 SECTION 8.06. Non-Reliance on Administrative Agent and Other Lenders. Each Lender
expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent
hereinafter taken, including any review of the affairs of the Borrower or any Affiliate of the Borrower, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the
Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, operations, property, financial and other condition and creditworthiness of the Borrower and its Affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will,
independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking
or not taking action under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the
Borrower and its Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, assets, operations, properties, condition (financial or otherwise), prospects or creditworthiness of the Borrower or any Affiliate of the Borrower that may come into the possession
of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 
 SECTION
8.07. Indemnification. The Lenders agree to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to their
respective portions of the Loans held by such Lenders in effect on the date on which indemnification is sought (or, if indemnification is sought after the date upon which the Loans shall have been paid in full, ratably in accordance with their
respective portions of the Loans held by such Lenders in effect immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any
kind whatsoever that may at any time (including at any time following the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of, the Commitments, this Agreement, any of
the other Loan Documents or any 

  
 91 

 
documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or in connection
with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the
Administrative Agent’s gross negligence or willful misconduct. The agreements in this Section 8.07 shall survive the payment of the Loans and all other amounts payable hereunder. 

SECTION 8.08. Administrative Agent In Its Individual Capacity. The Administrative Agent and its Affiliates may make loans to,
accept deposits from and generally engage in any kind of business with the Borrower, as though the Administrative Agent were not the Administrative Agent hereunder and under the other Loan Documents. With respect to the Loans made by it, the
Administrative Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not the Administrative Agent, and the terms “Lender” and
“Lenders” shall include the Administrative Agent in its individual capacity. 
 SECTION 8.09. Successor Agent.
The Administrative Agent may resign as Administrative Agent upon 20 days’ prior written notice to the Lenders and the Borrower. If the Administrative Agent shall resign as Administrative Agent under this Agreement, then the Required Lenders
shall appoint from among the Lenders a successor agent for the Lenders, which successor agent shall be approved by the Borrower (which approval shall not be unreasonably withheld) so long as no Default or Event of Default is continuing, whereupon
such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon such appointment and approval, and the former
Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement or any holders of the
Loans. After any retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Article VIII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent
under this Agreement and the other Loan Documents. 
 SECTION 8.10. Withholding Tax. To the extent required by any
applicable law, the Administrative Agent may withhold from any interest payment to any Lender an amount equivalent to any applicable withholding tax. If any Governmental Authority asserts a claim that the Administrative Agent did not properly
withhold tax from amounts paid to or for the account of any Lender (because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstances which
rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason), such Lender shall indemnify the Administrative Agent (to the extent that the Administrative Agent has not already been reimbursed by the Borrower
and without limiting the obligation of the Borrower to do so) fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax or otherwise, including penalties and interest, together with all expenses incurred, including legal
expenses, allocated staff costs and any out-of-pocket expenses. 

  
 92 

 ARTICLE IX  

Miscellaneous 
 SECTION 9.01. Amendments and Waivers. 
 (a) Without Consent of the
Lenders. 
 The Borrower and the Administrative Agent may amend this Agreement without notice to or consent of any Lender:

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

(ii) to provide for the assumption by a Successor Company of the obligations of the Borrower under this Agreement;

 (iii) to comply with Article V; 

(iv) to add guarantees with respect to the Loans or to secure the Loans; 

(v) to add to the covenants of the Borrower for the benefit of the Lenders or to surrender any right or power herein
conferred upon the Borrower; or 
 (vi) to make any change that does not adversely affect the rights of any
Lender. 
 Each Lender hereunder (x) consents to the amendment of this Agreement in the manner and for the purposes set
forth in this Section 9.01(a), (y) agrees that it will be bound by and will take no actions contrary to the provisions of any amendment to this Agreement pursuant to Section 9.01(a) and (z) authorizes and instructs
the Administrative Agent to enter into any amendment to this Agreement pursuant to this Section 9.01(a) on behalf of such Lender. After an amendment under this Section 9.01(a) becomes effective, the Borrower shall mail to the
Administrative Agent, who shall promptly notify the Lenders, a notice briefly describing such amendment. The failure to give such notice to the Administrative Agent, or any defect therein, shall not impair or affect the validity of an amendment
under this Section 9.01(a). 
 (b) With Consent of the Lenders. The Borrower and the Administrative Agent may
amend this Agreement with the written consent of the Required Lenders. However, without the consent of each affected Lender of Loans outstanding, an amendment may not: 

(i) reduce the principal amount of the Loans whose Lenders must consent to an amendment, 

(ii) reduce the rate of or extend the time for payment of interest on the Loans, 

(iii) reduce the principal of or change the Stated Maturity of the Loans, 

  
 93 

 (iv) reduce the premium payable upon the prepayment of the Loans or change
the time at which the Loans may be prepaid in accordance with Section 2.14, 
 (v) make any Loan
payable in money other than that stated in this Agreement, 
 (vi) expressly subordinate the Loans to any other
Indebtedness, 
 (vii) impair the right of any Lender to receive payment of principal of or premium, if any, and
interest on such Lender’s Loans on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Lender’s Loans, or 

(viii) make any change in Sections 7.04 or 7.07 or the second sentence of this Section 9.01(b)
or the definition of the terms “Required Lenders,” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent
hereunder, without the prior written consent of each Lender adversely affected thereby. 
 It shall not be necessary for the
consent of the Lenders under this Section 9.01(b) 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 9.01(b) becomes effective, the Borrower shall notify the Administrative Agent of such amendment. The failure to give such notice to the Administrative Agent, or any defect therein, shall not impair or affect the validity of an
amendment under this Section 9.01(b). 
 SECTION 9.02. Notices. Except as otherwise set forth herein, all
notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by facsimile or electronic mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made
when delivered, or three days after being deposited in the mail, postage prepaid, or, in the case of telecopy or electronic mail notice, when received, addressed as follows in the case of the Borrower and the Administrative Agent, and as set forth
on Schedule 2.01 in the case of the other parties hereto, or to such other address as may be hereafter notified by the respective parties hereto: 
  

			
	 The Borrower:
	 	 Rexnord Holdings, Inc.
 c/o
Rexnord LLC
 4701 West Greenfield Avenue

Milwaukee, WI 53214
 Attention: Patty
Whaley
 Fax: (513) 826-6690

		 	  
 with copies to:

 
 O’Melveny & Myers LLP

7 Times Square
 New York, NY
10036

  
 94 

			
		 	 Attention: Brad Finkelstein, Esq.
 Fax: (212) 218-9671

	 The Administrative Agent:
	 	  
 At the address set forth on Schedule 2.01

 

	 Any other Lender:
	 	 At the address, telecopier number, electronic
 mail address or telephone number specified in
 its Administrative
Questionnaire.

 provided that any notice, request or demand to or upon the Administrative Agent or the Lenders pursuant to
Section 2.03 shall not be effective until received. 
 Notices and other communications to the Lenders hereunder may
be delivered or furnished by electronic communication (including e mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender
pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in their discretion, agree to
accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by them, provided that approval of such procedures may be limited to particular notices or communications. 

Documents required to be delivered pursuant to Section 6.02 (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically (including as set forth in Section 9.20) and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or
provides a link thereto on the Borrower’s website on the Internet, or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have
access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided, that (A) the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests the
Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender, and (B) the Borrower shall notify the Administrative Agent and each Lender (by telecopier or
electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. 
 SECTION 9.03. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege
hereunder or under the other Loan Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

SECTION 9.04. Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan
Documents and in any document, certificate or 

  
 95 

 
statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans hereunder. 

SECTION 9.05. Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Agents for all their reasonable
out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection
herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees, disbursements and other charges of counsel to the Agents, (b) to pay or reimburse each Lender and
Agent for all its reasonable and documented costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents and any such other documents, including the reasonable fees,
disbursements and other charges of counsel to each Lender and of counsel to the Agents and (c) to pay, indemnify, and hold harmless each Lender and Agent and their respective directors, officers, employees, trustees, investment advisors and
agents from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever, including reasonable and documented fees, disbursements and
other charges of counsel, with respect to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such other documents, including, without limitation, any of the foregoing relating to
the violation of, noncompliance with or liability under, any Environmental Law or to any actual or alleged presence, Release or threatened Release of Hazardous Materials at any location for which Borrower or any of its Subsidiaries may be
responsible under Environmental Law (all the foregoing in this clause (c), collectively, the “indemnified liabilities”), provided that the Borrower shall have no obligation hereunder to the Administrative Agent or any Lender
nor any of their respective directors, officers, employees and agents with respect to indemnified liabilities to the extent attributable to (i) the gross negligence or willful misconduct of the party to be indemnified as determined in a final
and non-appealable judgment by a court of competent jurisdiction or (ii) disputes among the Administrative Agent, the Lenders and/or their transferees. The agreements in this Section 9.05 shall survive repayment of the Loans and all
other amounts payable hereunder. 
 SECTION 9.06. Successors and Assigns; Participations and Assignments. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby, except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the
Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 9.06. Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and to the Participants (to the extent provided in paragraph (c) of this Section 9.06)
any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
 96 

 (b)(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of the Loans at the time owing to it) by: 

(A) providing written notice to the Borrower; 

(B) obtaining the consent of the Administrative Agent (which consent shall not be unreasonably withheld or delayed);
provided that no consent of the Administrative Agent shall be required for an assignment of any Loan to a Lender, an Affiliate of a Lender or an Approved Fund; and 

(C) obtaining the consent of the Borrower (which consent (1) shall not be unreasonably withheld or delayed and
(2) shall be deemed given in the event that the Borrower does not respond to a request to assign Loans within three Business Days); provided that no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of
a Lender, an Approved Fund (as defined below), during the primary syndication of the Loans to persons identified by the Administrative Agent and reasonably acceptable to the Borrower on or prior to the Closing Date, or, if a Default under
Section 7.01 has occurred and is continuing, any other person. 
 (ii) Assignments shall be subject
to the following additional conditions: 
 (A) except in the case of an assignment to a Lender, an Affiliate of a
Lender or an Approved Fund, the amount of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not
be less than $1.0 million , and increments of $1.0 million in excess thereof, unless each of the Borrower and the Administrative Agent otherwise consents (which consents shall not be unreasonably withheld or delayed); provided that no such
consent of the Borrower shall be required if an Event of Default has occurred and is continuing; provided, further, that contemporaneous assignments to a single assignee made by Affiliates of Lenders and related Approved Funds shall be
aggregated for purposes of meeting the minimum assignment amount requirements stated above; 
 (B) each partial
assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; 
 (C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance via an electronic settlement system acceptable to the Administrative Agent (or, if
previously agreed with the Administrative Agent, manually), and shall pay to the Administrative Agent a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent); and 

  
 97 

 (D) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an administrative questionnaire in a form approved by the Administrative Agent (the “Administrative Questionnaire”) and applicable tax forms. 

For the purpose of this Section 9.06(b), the term “Approved Fund” means any Person (other than a natural
person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 
 (iii) Subject
to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section 9.06, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party hereto and, to the extent of
the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be
released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall
continue to be entitled to the benefits of Sections 2.10, 2.11, 2.17 and 9.05). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.06
shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section 9.06. 

(iv) The Administrative Agent, acting for this purpose as an agent of the Borrower shall maintain at the Administrative
Agent’s Landing Office a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount of the Loans (the
“Register”). Further, the Register shall contain the name and address of the Administrative Agent and the lending office through which each such Person acts under this Agreement. The entries in the Register shall be conclusive, and
the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (v) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall
already be a Lender hereunder), applicable tax forms, the processing and recordation fee referred to in paragraph (b) of this Section 9.06 and any written consent to such assignment required by paragraph (b) of this
Section 9.06, the Administrative Agent shall promptly accept such Assignment and Acceptance and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been
recorded in the Register as provided in this paragraph. 

  
 98 

 By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder
and the assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows: (i) such assigning Lender warrants that it is the legal and beneficial owner of the interest being assigned thereby
free and clear of any adverse claim and that its Commitment and the outstanding balance of its Loans, without giving effect to assignment thereof which have not become effective, are as set forth in such Assignment and Acceptance, (ii) except
as set forth in clause (i) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement, or the
execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto, or the financial condition of the Borrower or any Subsidiary
or the performance or observance by the Borrower or any Subsidiary of any of its obligations under this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto; (iii) the assignee represents and warrants
that it is legally authorized to enter into such Assignment and Acceptance; (iv) the assignee confirms that it has received a copy of this Agreement, together with copies of the most recent financial statements referred to in
Section 3.05 (or delivered pursuant to Section 6.02), and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance;
(v) the assignee will independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under this Agreement; (vi) the assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are
delegated to the Administrative Agent by the terms of this Agreement, together with such powers as are reasonably incidental thereto; and (vii) the assignee agrees that it will perform in accordance with their terms all the obligations which by
the terms of this Agreement are required to be performed by it as a Lender. 
 (c)(i) Any Lender may, without the consent of the
Administrative Agent or the Borrower, sell participations to one or more banks or other entities (each, a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a
portion of its Commitments and the Loans owing to it), provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.
Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this
Agreement or any other Loan Document, provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to
Section 9.01 that affects such Participant. Subject to paragraph (c)(ii) of this Section 9.06, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.10, 2.11 and 2.17
to the same extent as if it were a Lender (subject to the requirements of those Sections) and had acquired its interest by assignment pursuant to paragraph (b) of this Section 9.06. 

  
 99 

 (ii) A Participant shall not be entitled to receive any greater payment
under Section 2.10 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the
Borrower’s prior written consent (which consent shall not be unreasonably withheld). 
 (d) Any Lender may, without the
consent of the Borrower or the Administrative Agent, at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank, and this Section 9.06 shall not apply to any such pledge or assignment of a security interest, provided that no such pledge or assignment of a security interest shall release a Lender from any of
its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. In order to facilitate such pledge or assignment, the Borrower hereby agrees that, upon request of any Lender at any time and from time to time
after the Borrower has made the borrowing hereunder, the Borrower shall provide to such Lender, at the Borrower’s own expense, a Note, substantially in the form of Exhibit C. 

(e) Subject to Section 9.16, the Borrower authorizes each Lender to disclose to any Participant, secured creditor of such
Lender or assignee (each, a “Transferee”) and any prospective Transferee any and all financial information in such Lender’s possession concerning the Borrower and its Affiliates that has been delivered to such Lender by or on
behalf of the Borrower and its Affiliates pursuant to this Agreement or which has been delivered to such Lender by or on behalf of the Borrower and its Affiliates in connection with such Lender’s credit evaluation of the Borrower and its
Affiliates prior to becoming a party to this Agreement. 
 SECTION 9.07. Replacements of Lenders Under Certain
Circumstances. 
 (a) The Borrower shall be permitted to replace any Lender that (a) requests reimbursement for amounts
owing pursuant to Section 2.10, 2.12 or 2.17 or (b) is affected in the manner described in Section 2.10(a)(iii) and as a result thereof of the action described in Section 2.10(b) is required to
be taken, with a replacement bank or other financial institution; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) no Event of Default shall have occurred and be continuing at the time of such
replacement, (iii) the Borrower shall repay (or the replacement bank or institution shall purchase, at par) all Loans and other amounts (other than any disputed amounts pursuant to Section 2.10, 2.11, 2.12 or
2.17, as the case may be) owing to such replaced Lender prior to the date of replacement, (iv) the replacement bank or institution, if not already a Lender, and the terms and conditions of such replacement, shall be reasonably
satisfactory to the Administrative Agent, (v) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 9.06 (provided that the Borrower shall be obligated to pay the
registration and processing fee referred to therein) and (vi) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender.

 (b) If any Lender (such Lender, a “Non-Consenting Lender”) has failed to consent to a proposed amendment,
waiver, discharge or termination which pursuant to the terms of Section 9.01(b) requires the consent of all of the Lenders affected and with respect to which the Required 

  
 100

 
Lenders shall have granted their consent, then provided no Event of Default (other than an Event of Default relating to the proposed amendment, waiver, discharge or termination) at issue then
exists, the Borrower shall have the right (unless such Non-Consenting Lender grants such consent) to replace such Non-Consenting Lender by deeming such Non-Consenting Lender to have assigned its Loans, and its Commitments hereunder to one or more
assignees, reasonably acceptable to the Administrative Agent; provided that: (a) all Obligations of the Borrower owing to such Non-Consenting Lender being replaced shall be paid in full to such Non-Consenting Lender concurrently with
such assignment and the Borrower shall pay any premium that would have been due if the Loans were prepaid, and (b) the replacement Lender shall purchase the foregoing by paying to such Non-Consenting Lender a price equal to the principal amount
thereof plus accrued and unpaid interest thereon. No action by or consent of the Non-Consenting Lender shall be necessary in connection with such assignment, which shall be immediately and automatically effective upon payment of such purchase price.
In connection with any such assignment, the Borrower, Administrative Agent, such Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 9.06. 

SECTION 9.08. [Reserved]. 
 SECTION 9.09. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile or other electronic
transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent.

 SECTION 9.10. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. 
 SECTION 9.11. Integration. This Agreement, the other
Loan Documents and the agreements regarding certain Fees referred to herein represent the agreement of the Borrower, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings,
representations or warranties by the Administrative Agent or any Lender relative to subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

SECTION 9.12. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 SECTION 9.13. Submission to Jurisdiction;
Consent to Service; Waivers. 
 (a) The Borrower hereby irrevocably and unconditionally: 

(i) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan
Documents to which it is a party, or for 

  
 101

 
recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for
the Southern District of New York and appellate courts from any thereof; 
 (ii) consents that any such action or
proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not
to plead or claim the same; 
 (iii) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to the Borrower at its respective address set forth in Section 9.02 or at such other address of which the
Administrative Agent shall have been notified pursuant thereto; 
 (iv) agrees that nothing herein shall affect
the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
 (v) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 9.13 any special, exemplary,
punitive or consequential damages. 
 (b) By the execution and delivery of this Agreement, the Borrower acknowledges that it has
by separate written instrument, designated and appointed National Registered Agents, Inc., located at 875 Avenue of the Americas, Suite 501, New York, New York 10001 (and any successor entity), as its authorized agent upon which process may be
served in any suit or proceeding arising out of or relating to this Agreement or the Loan Documents that may be instituted in any federal or state court in the State of New York. 

(c) The Borrower, to the extent that it has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or
proceeding, from jurisdiction of any court or from setoff or any legal process (whether service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) with respect to itself or any of
its property or assets, hereby waives and agrees not to plead or claim such immunity in respect of its obligations under this Agreement and the other Loan Documents (it being understood that the waivers contained in this paragraph (c) shall
have the fullest extent permitted under the Foreign Sovereign Immunities Act of 1976, as amended, and are intended to be irrevocable and not subject to withdrawal for the purposes of such Act). 

SECTION 9.14. Acknowledgments. The Borrower hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents; 

(b) neither the Administrative Agent nor any Lender has any fiduciary relationship with or duty to the Borrower arising out of or in
connection with this Agreement or any of the other Loan Documents, and the relationship between Administrative Agent and 

  
 102

 
Lenders, on one hand, and the Borrower, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 

(c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated
hereby among the Lenders or among the Borrower and the Lenders. 
 SECTION 9.15. WAIVERS OF JURY TRIAL. THE BORROWER, THE
ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

SECTION 9.16. Confidentiality. The Administrative Agent and each Lender shall hold all non-public information furnished by or on
behalf of the Borrower in connection with such Lender’s evaluation of whether to become a Lender hereunder or obtained by such Lender or the Administrative Agent pursuant to the requirements of this Agreement (“Confidential
Information”), confidential in accordance with its customary procedure for handling confidential information of this nature and (in the case of a Lender that is a bank) in accordance with safe and sound banking practices and in any event
may make disclosure as required or requested by any governmental agency or representative thereof or pursuant to legal process or to such Lender’s or the Administrative Agent’s attorneys, professional advisors or independent auditors or
Affiliates; provided that unless specifically prohibited by applicable law or court order, each Lender and the Administrative Agent shall notify the Borrower of any request by any governmental agency or representative thereof (other than any
such request in connection with an examination of the financial condition of such Lender by such governmental agency) for disclosure of any such non-public information prior to disclosure of such information, and provided, further, that in no
event shall any Lender or the Administrative Agent be obligated or required to return any materials furnished by the Borrower or any Subsidiary of the Borrower. Each Lender and the Administrative Agent agrees that it will not provide to prospective
Transferees or to prospective direct or indirect contractual counterparties in swap agreements to be entered into in connection with Loans made hereunder any of the Confidential Information unless such Person is advises of and agrees to be bound by
the provisions of this Section 9.16. 
 SECTION 9.17. No Advisory or Fiduciary Responsibility. In connection
with all aspects of each transaction contemplated hereby, the Borrower acknowledges and agrees, and acknowledge its Affiliates’ understanding, that: (i) the credit facility provided for hereunder and any related arranging or other services
in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Borrower, and its Affiliates, on the one hand, and
the Administrative Agent and the other Agents, on the other hand, and the Borrower is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan
Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, the Administrative Agent and each other Agent each is and has been acting solely as a
principal and is not the financial advisor, agent or fiduciary, for the Borrower, or any of its Affiliates, stockholders, creditors or employees or any other Person; (iii) neither the 

  
 103

 
Administrative Agent nor any other Agent has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Borrower with respect to any of the transactions contemplated
hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether the Administrative Agent or any other Agent has advised or is currently
advising the Borrower or any of their respective Affiliates on other matters) and neither the Administrative Agent nor any other Agent has any obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby
except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Administrative Agent and the other Agents and their respective Affiliates may be engaged in a broad range of transactions that involve interests that
differ from those of the Borrower and its Affiliates, and neither the Administrative Agent nor any other Agent has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the
Administrative Agent and the other Agents have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification
hereof or of any other Loan Document) and the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. The Borrower hereby waives and releases, to the fullest extent permitted by law, any
claims that it may have against the Administrative Agent and the other Agents with respect to any breach or alleged breach of agency or fiduciary duty. 
 SECTION 9.18. USA PATRIOT Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that
identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the USA Patriot Act. 

SECTION 9.19. Conversion of Currencies. 
 (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it
may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately
preceding the day on which final judgment is given. 
 (b) The obligations of the Borrower in respect of any sum due to any
party hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is
stated to be due hereunder (the “Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable
Creditor may in accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the
Applicable Creditor in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrower contained in this Section
 

  
 104

 
9.19 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder. 
 SECTION 9.20. Platform; Borrower Materials. The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Joint Lead Arrangers will make available to the Lenders materials
and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”), and
(b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Borrower or its securities) (each, a “Public Lender”). The
Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Material that may be distributed to the Public Lenders and that (i) all such Borrower Materials shall be clearly and conspicuously
marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof, (ii) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have
authorized the Administrative Agent, the Joint Lead Arrangers and the Lenders to treat such Borrower Materials as either publicly available information or not material information (although it may be sensitive and proprietary) with respect to the
Borrower or its securities for purposes of United States Federal and state securities laws, (iii) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public
Investor” and (iv) the Administrative Agent and the Joint Lead Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not
designated “Public Investor.” 
 SECTION 9.21. Binding Effect. This Agreement shall become effective when it
shall have been executed by the Borrower and the Administrative Agent and when the Administrative Agent shall have received copies hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be
binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective permitted successors and assigns. 
 [SIGNATURE PAGES FOLLOW] 

  
 105

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first written above. 
  

			
	REXNORD HOLDINGS, INC.
		
	By:	 	/S/ GEORGE C. MOORE
		 	Name: George C. Moore
		 	 Title:   Executive Vice President, Chief Financial
             Officer and Secretary

 
			
	 CREDIT SUISSE, CAYMAN ISLANDS
 BRANCH 
 as Administrative Agent and as a Lender,

		
	By:	 	/S/ ROBERT HETU
		 	Name: Robert Hetu
		 	Title:   Managing Director

  

			
		
	By:	 	/S/ DENISE L. ALVAREZ
		 	Name: Denise L. Alvarez
		 	Title:   Associate

 
			
	 BANC OF AMERICA BRIDGE LLC 
 as Syndication Agent and as a Lender,

		
	By:	 	/S/ JOHN MCCUSKER
		 	Name: John McCusker
		 	Title:   Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]