Document:

EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
 SENIOR NOTES
INDENTURE 
 Dated as of August 26, 2021 

Among 
 RESIDEO FUNDING INC. 

THE GUARANTORS LISTED ON THE SIGNATURE PAGES HERETO 

and 
 U.S. BANK NATIONAL
ASSOCIATION 
 as Trustee 

4.000% SENIOR NOTES DUE 2029 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
			
	 Section 1.01
	 	 Definitions
	  	 	1	 
	 Section 1.02
	 	 Other Definitions
	  	 	21	 
	 Section 1.03
	 	 Rules of Construction
	  	 	21	 
	 Section 1.04
	 	 Trust Indenture Act
	  	 	22	 
	 Section 1.05
	 	 Acts of Holders
	  	 	22	 
	 Section 1.06
	 	 Limited Condition Acquisitions
	  	 	24	 
		
	 ARTICLE 2 THE NOTES
	  	 	25	 
			
	 Section 2.01
	 	 Form and Dating; Terms
	  	 	25	 
	 Section 2.02
	 	 Execution and Authentication
	  	 	25	 
	 Section 2.03
	 	 Registrar and Paying Agent
	  	 	26	 
	 Section 2.04
	 	 Paying Agent to Hold Money in Trust
	  	 	26	 
	 Section 2.05
	 	 Holder Lists
	  	 	26	 
	 Section 2.06
	 	 Transfer and Exchange
	  	 	26	 
	 Section 2.07
	 	 Replacement Notes
	  	 	27	 
	 Section 2.08
	 	 Outstanding Notes
	  	 	27	 
	 Section 2.09
	 	 Treasury Notes
	  	 	28	 
	 Section 2.10
	 	 Temporary Notes
	  	 	28	 
	 Section 2.11
	 	 Cancellation
	  	 	28	 
	 Section 2.12
	 	 Defaulted Interest
	  	 	28	 
	 Section 2.13
	 	 CUSIP and ISIN Numbers
	  	 	29	 
		
	 ARTICLE 3 REDEMPTION
	  	 	29	 
			
	 Section 3.01
	 	 Notices to Trustee
	  	 	29	 
	 Section 3.02
	 	 Selection and Notice
	  	 	29	 
	 Section 3.03
	 	 Notice of Redemption
	  	 	30	 
	 Section 3.04
	 	 Effect of Notice of Redemption
	  	 	30	 
	 Section 3.05
	 	 Deposit of Redemption or Purchase Price
	  	 	31	 
	 Section 3.06
	 	 Notes Redeemed or Purchased in Part
	  	 	31	 
	 Section 3.07
	 	 Optional Redemption
	  	 	31	 
	 Section 3.08
	 	 Mandatory Redemption
	  	 	32	 
		
	 ARTICLE 4 COVENANTS
	  	 	32	 
			
	 Section 4.01
	 	 Payment of Notes
	  	 	32	 
	 Section 4.02
	 	 Maintenance of Office or Agency
	  	 	32	 
	 Section 4.03
	 	 Taxes
	  	 	33	 
	 Section 4.04
	 	 Reports
	  	 	33	 
	 Section 4.05
	 	 Compliance Certificate
	  	 	34	 
	 Section 4.06
	 	 Stay, Extension and Usury Laws
	  	 	34	 
	 Section 4.07
	 	 Incurrence of Non-Guarantor Indebtedness and
Issuance of Non-Guarantor Preferred Stock
	  	 	34	 
	 Section 4.08
	 	 Liens
	  	 	37	 
	 Section 4.09
	 	 Sale and Lease-back Transactions
	  	 	38	 
	 Section 4.10
	 	 [Reserved]
	  	 	38	 
	 Section 4.11
	 	 [Reserved]
	  	 	38	 
	 Section 4.12
	 	 [Reserved]
	  	 	38	 

  
 -i- 

							
	 Section 4.13
	 	 [Reserved]
	  	 	38	 
	 Section 4.14
	 	 Corporate Existence
	  	 	38	 
	 Section 4.15
	 	 Offer to Repurchase Upon a Change of Control Triggering Event
	  	 	38	 
	 Section 4.16
	 	 [Reserved]
	  	 	39	 
	 Section 4.17
	 	 Additional Guarantees
	  	 	39	 
		
	 ARTICLE 5 SUCCESSORS
	  	 	40	 
			
	 Section 5.01
	 	 Merger, Consolidation or Sale of Assets
	  	 	40	 
	 Section 5.02
	 	 Successor Entity Substituted
	  	 	41	 
		
	 ARTICLE 6 DEFAULTS AND REMEDIES
	  	 	41	 
			
	 Section 6.01
	 	 Events of Default
	  	 	41	 
	 Section 6.02
	 	 Acceleration
	  	 	43	 
	 Section 6.03
	 	 Other Remedies
	  	 	43	 
	 Section 6.04
	 	 Waiver of Past Defaults
	  	 	44	 
	 Section 6.05
	 	 Control by Majority
	  	 	44	 
	 Section 6.06
	 	 Limitation on Suits
	  	 	44	 
	 Section 6.07
	 	 Rights of Holders to Receive Payment
	  	 	44	 
	 Section 6.08
	 	 Collection Suit by Trustee
	  	 	45	 
	 Section 6.09
	 	 Restoration of Rights and Remedies
	  	 	45	 
	 Section 6.10
	 	 Rights and Remedies Cumulative
	  	 	45	 
	 Section 6.11
	 	 Delay or Omission Not Waiver
	  	 	45	 
	 Section 6.12
	 	 Trustee May File Proofs of Claim
	  	 	45	 
	 Section 6.13
	 	 Priorities
	  	 	46	 
	 Section 6.14
	 	 Undertaking for Costs
	  	 	46	 
		
	 ARTICLE 7 TRUSTEE
	  	 	46	 
			
	 Section 7.01
	 	 Duties of Trustee
	  	 	46	 
	 Section 7.02
	 	 Rights of Trustee
	  	 	47	 
	 Section 7.03
	 	 Individual Rights of Trustee
	  	 	48	 
	 Section 7.04
	 	 Trustee’s Disclaimer
	  	 	48	 
	 Section 7.05
	 	 Notice of Defaults
	  	 	48	 
	 Section 7.06
	 	 Compensation and Indemnity
	  	 	49	 
	 Section 7.07
	 	 Replacement of Trustee
	  	 	49	 
	 Section 7.08
	 	 Successor Trustee by Merger, etc.
	  	 	50	 
	 Section 7.09
	 	 Eligibility; Disqualification
	  	 	50	 
		
	 ARTICLE 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	 	50	 
			
	 Section 8.01
	 	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	50	 
	 Section 8.02
	 	 Legal Defeasance and Discharge
	  	 	50	 
	 Section 8.03
	 	 Covenant Defeasance
	  	 	51	 
	 Section 8.04
	 	 Conditions to Legal or Covenant Defeasance
	  	 	52	 
	 Section 8.05
	 	 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous
Provisions
	  	 	52	 
	 Section 8.06
	 	 Repayment to the Issuer
	  	 	53	 
	 Section 8.07
	 	 Reinstatement
	  	 	53	 
		
	 ARTICLE 9 AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	53	 
			
	 Section 9.01
	 	 Without Consent of Holders
	  	 	53	 
	 Section 9.02
	 	 With Consent of Holders
	  	 	54	 

  
 -ii- 

							
	 Section 9.03
	 	 [Reserved]
	  	 	55	 
	 Section 9.04
	 	 Revocation and Effect of Consents
	  	 	55	 
	 Section 9.05
	 	 Notation on or Exchange of Notes
	  	 	56	 
	 Section 9.06
	 	 Trustee to Sign Amendments, etc.
	  	 	56	 
		
	 ARTICLE 10 GUARANTEES
	  	 	56	 
			
	 Section 10.01
	 	 Guarantees
	  	 	56	 
	 Section 10.02
	 	 Limitation on Guarantor Liability
	  	 	57	 
	 Section 10.03
	 	 Execution and Delivery
	  	 	58	 
	 Section 10.04
	 	 [Reserved]
	  	 	58	 
	 Section 10.05
	 	 Releases
	  	 	58	 
		
	 ARTICLE 11 SATISFACTION AND DISCHARGE
	  	 	59	 
			
	 Section 11.01
	 	 Satisfaction and Discharge
	  	 	59	 
	 Section 11.02
	 	 Application of Trust Money
	  	 	59	 
		
	 ARTICLE 12 MISCELLANEOUS
	  	 	60	 
			
	 Section 12.01
	 	 [Reserved]
	  	 	60	 
	 Section 12.02
	 	 Notices
	  	 	60	 
	 Section 12.03
	 	 [Reserved]
	  	 	61	 
	 Section 12.04
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	61	 
	 Section 12.05
	 	 Statements Required in Certificate or Opinion
	  	 	62	 
	 Section 12.06
	 	 Rules by Trustee and Agents
	  	 	62	 
	 Section 12.07
	 	 No Personal Liability of Directors, Officers, Employees, Incorporator, Stockholder, Member,
Partner or Other Holder of Equity Interests
	  	 	62	 
	 Section 12.08
	 	 Governing Law and Jurisdiction
	  	 	62	 
	 Section 12.09
	 	 Waiver of Jury Trial
	  	 	63	 
	 Section 12.10
	 	 Force Majeure
	  	 	63	 
	 Section 12.11
	 	 No Adverse Interpretation of Other Agreements
	  	 	63	 
	 Section 12.12
	 	 Successors
	  	 	63	 
	 Section 12.13
	 	 Severability
	  	 	63	 
	 Section 12.14
	 	 Counterpart Originals
	  	 	63	 
	 Section 12.15
	 	 Table of Contents, Headings, etc.
	  	 	63	 
	 Section 12.16
	 	 Facsimile and PDF Delivery of Signature Pages
	  	 	63	 
	 Section 12.17
	 	 U.S.A. PATRIOT Act
	  	 	64	 
	 Section 12.18
	 	 Tax Information
	  	 	64	 
	 Section 12.19
	 	 Payments Due on Non-Business Days
	  	 	64	 

  
 -iii- 

			
	 Appendix A
	 	 Provisions Relating to Initial Notes and Additional Notes

		
	 Exhibit A
	 	 Form of Note

	 Exhibit B
	 	 Form of Institutional Accredited Investor Transferee Letter of
Representation

	 Exhibit C
	 	 Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors

  
 -iv- 

 INDENTURE, dated as of August 26, 2021, among Resideo Funding Inc., a Delaware
corporation (the “Issuer”), the Guarantors listed on the signature pages hereto and U.S. Bank National Association, as Trustee. 

W I T N E S S E T H 

WHEREAS, the Issuer has duly authorized the creation of and issuance of $300,000,000 aggregate principal amount of 4.000% Senior Notes due
2029 (the “Initial Notes”); and 
 WHEREAS, the Issuer and the Guarantors have duly authorized the execution and delivery
of this Indenture; 
 NOW, THEREFORE, the Issuer, the Guarantors and the Trustee agree as follows for the benefit of each other and for the
equal and ratable benefit of the Holders. 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01    Definitions. 

“Acquired Debt” means, with respect to any specified Person: 

(1)    Indebtedness of any other Person existing at the time such other Person is merged with or into or
became a Restricted Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, or to provide all or any portion of the funds or credit support utilized in connection with, such other Person
merging with or into, or becoming a Restricted Subsidiary of, such specified Person; and 

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

 “Additional Notes” means additional Notes (other than the Initial Notes) issued from time to time under this Indenture
in accordance with Section 2.01 of this Indenture (whether or not such Notes have the same CUSIP number or ISIN). 

“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. 
 “Agent” means any Registrar, co-registrar, Paying Agent
or additional paying agent. 
 “Applicable Premium” means, with respect to any Note on any applicable redemption date, the
greater of: 
  

	 	(a)	 1% of the then-outstanding principal amount of such Note; and 

 

	 	(b)	 the excess, if any, of: 

 

	 	(1)	 the present value at such redemption date of (i) the redemption price of the Note at September 1,
2024 (such redemption price being set forth in the table appearing in Section 3.07(b) of this Indenture) plus (ii) all required interest payments due on the Note through September 1, 2024 (excluding accrued but unpaid interest to the
redemption date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over 

	 	(2)	 the then-outstanding principal amount of the Note. 

“Attributable Value” means, in respect of any Sale and Lease-Back Transaction, as of the time of determination, the lesser
of: 
  

	 	(a)	 the sale price of the Principal Property so leased multiplied by a fraction, the numerator of which is the
remaining portion of the base term of the lease included in such Sale and Lease-Back Transaction and the denominator of which is the base term of such lease; and 

 

	 	(b)	 the total obligation (discounted to present value at the rate of interest implicit in the transaction, as
determined in good faith by Parent, or, if it is not practicable to determine such rate, the rate of interest specified by the terms of the debt securities, in either case compounded semi-annually) of the lessee for rental payments (other than
amounts required to be paid on account of property taxes as well as maintenance, repairs, insurance, water rates and other items that do not constitute payments for property rights) during the remaining portion of the base term of the lease included
in such Sale and Lease-Back Transaction. 

 “Bankruptcy Law” means Title 11, U.S. Code, as amended, or
any similar federal or state law for the relief of debtors. 
 “Below Investment Grade Rating Event” means that the rating
on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control
until the end of the 60-day period following public notice of the occurrence of the Change of Control with the lowering of the Notes related solely to the Change of Control transaction. 

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

“Board of Directors” means: 
  

	 	(1)	 with respect to a corporation, the board of directors of the corporation; 

 

	 	(2)	 with respect to a partnership, the board of directors of the general partner of the partnership; and

  

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

 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary
of Parent or any Restricted Subsidiary to have been duly adopted by the Board of Directors, unless the context specifically requires that such resolution be adopted by a majority of the disinterested directors, in which case by a majority of such
directors, and to be in full force and effect on the date of such certification and delivered to the Trustee. 
 “Business Day”
means each day which is not a Legal Holiday. 
 “Capital Stock” means: 

 

	 	(1)	 in the case of a corporation, capital stock; 

  
 2 

	 	(2)	 in the case of an association or business entity, any and all shares, interests, participations, rights or
other equivalents (however designated) of capital 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)
prepared in accordance with GAAP (except for temporary treatment of construction-related expenditures under ASC 840-40, “Sale-Leaseback Transactions,” which will ultimately be treated as operating
leases or occupancy agreements upon a Sale and Lease-Back Transaction). 
 “Cash Equivalents” means: 

(1)    U.S. dollars; 

(2)    (i) Sterling, Canadian Dollars, Euro, or any national currency of any participating member state of
the economic and monetary union contemplated by the Treaty on European Union; or (ii) in the case of Parent or a Restricted Subsidiary, such local currencies held by them from time to time in the ordinary course of business; 

(3)    securities issued or directly and fully and unconditionally guaranteed or insured by the U.S.
government or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 24 months or less from the date of acquisition; 

(4)    certificates of deposit, time deposits and Eurodollar time deposits with maturities of one year or
less from the date of acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case with (i) any lender under the Senior Credit Facilities or an Affiliate thereof or (ii) any
commercial bank having capital and surplus of not less than $250.0 million in the case of U.S. banks and $100.0 million (or the U.S. Dollar Equivalent as of the date of determination) in the case of
non-U.S. banks; 
 (5)    repurchase obligations for underlying
securities of the types described in clauses (3) and (4) above entered into with any financial institution meeting the qualifications specified in clause (4) above; 

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

(7)    marketable short-term money market and similar securities having a rating of P-1 or A-1 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from
another Rating Agency) and in each case maturing within 24 months after the date of creation thereof; 

(8)    investment funds investing 95% of their assets in securities of the types described in clauses
(1) through (7) above; 
 (9)    readily marketable direct obligations issued by any state,
commonwealth or territory of the United States or any political subdivision or taxing authority thereof having an Investment Grade Rating from either Moody’s or S&P with maturities of 24 months or less from the date of acquisition; 

  
 3 

 (10)    Investments with average maturities of 12 months
or less from the date of acquisition in money market funds rated A (or the equivalent thereof) or better by S&P or A3 (or the equivalent thereof) or better by Moody’s: 

(11)    shares of investment companies that are registered under the Investment Company Act of 1940 and
substantially all the investments of which are one or more of the types of securities described in clauses (1) through (10) above; and 

(12)    in the case of any Foreign Subsidiary, investments of comparable tenure and credit quality to those
described in the foregoing clauses (1) through (11) above or other high quality short term investments, in each case, customarily utilized in countries in which such Foreign Subsidiary operates for short term cash management purposes. 

Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in currencies other than those set forth in
clauses (1) and (2) above; provided that such amounts are converted into any currency listed in clauses (1) and (2) as promptly as practicable and in any event within ten Business Days following the receipt of such amounts. 

“Cash Management Obligations” means Obligations under any facilities or services related to cash management, including
treasury, depository, overdraft, credit or debit card, automated clearing house fund transfer services, purchase card, electronic funds transfer (including non-card
e-payables services) and other cash management arrangements and commercial credit card and merchant card services. 

“Cash Pooling Arrangements” means a deposit account arrangement among a single depository institution, Parent, the Issuer and
one or more Foreign Subsidiaries involving the pooling of cash deposits in and overdrafts in respect of one or more deposit accounts (each located outside of the United States and any States and territories thereof) with such institution by Parent,
the Issuer and such Foreign Subsidiaries for cash management purposes. 
 “Change of Control” means the occurrence of any
of the following: 
  

	 	(1)	 the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the assets of Parent and its Subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d) and Section 14(d) of the
Exchange Act) other than to Parent or one of its Subsidiaries; 

  

	 	(2)	 the consummation of any transaction (including any merger or consolidation or purchase of Capital Stock) the
result of which is that any “person” (as that term is used in Section 13(d) and Section 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 and
Rule 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock of Parent, or other Voting Stock into which the Voting Stock of Parent is reclassified,
consolidated, exchanged or changed, measured by voting power rather than number of shares, provided, however, that this clause (2) shall not include any transaction where (x) Parent becomes a direct or indirect wholly owned
subsidiary of a holding company, and (y) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of Parent’s Voting Stock immediately prior
to that transaction; or 

  

	 	(3)	 the failure of Parent to own, directly or indirectly, 100% of the Voting Stock of the Issuer, except as
permitted by this Indenture. 

 “Change of Control Triggering Event” means, with respect to the Notes,
the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 
 “Code” means the United States
Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder. Section references to the Code are to the Code, as in effect on the Issue Date, and any subsequent provisions of the Code,
amendatory thereof, supplemental thereto or substituted therefor. 

  
 4 

 “Commission” means the U.S. Securities and Exchange Commission. 

“Common Stock” of any Person means Capital Stock in such Person that does not rank prior, as to the payment of dividends or
as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to Capital Stock of any other class in such Person. 

“Consolidated Depreciation and Amortization Expense” means, with respect to any Person for any period, the total amount of
depreciation and amortization expense, including the amortization of deferred financing fees, and other non-cash charges (excluding any non-cash item that represents an
accrual or reserve for a cash expenditure for a future period) of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 

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

(a)     consolidated interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such expense was
deducted (and not added back) in computing Consolidated Net Income (including (i) amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (ii) all commissions, discounts and other fees and
charges owed with respect to letters of credit or bankers acceptances, (iii) non-cash interest expense (but excluding any non-cash interest expense attributable to
the movement in the mark to market valuation of Hedging Obligations or other derivative instruments pursuant to GAAP), (iv) the interest component of Capitalized Lease Obligations, (v) net payments, if any, pursuant to interest rate Hedging
Obligations with respect to Indebtedness, (vi) net losses on Hedging Obligations or other derivative instruments entered into for the purpose of hedging interest rate risk and (vii) costs of surety bonds in connection with financing
activities, and excluding (x) amortization of deferred financing fees, debt issuance costs, commissions, fees and expenses, (y) any expensing of bridge, commitment and other financing fees and (z) commissions, discounts, yield and
other fees and charges (including any interest expense) related to any Receivables Facility); plus 
 (b)    consolidated capitalized
interest of such Person and its Restricted Subsidiaries for such period, whether paid or accrued; less 
 (c)    interest income
of such Person and its Restricted Subsidiaries for such period. 
 For purposes of this definition, interest on a Capitalized Lease
Obligation shall be deemed to accrue at an interest rate reasonably determined by Parent to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 

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

 

	 	(a)	 any pro forma after-tax effect (using a reasonable estimate based on
applicable tax rates) of extraordinary, nonrecurring or unusual gains or losses (less all fees and expenses relating thereto) or expenses, severance, integration costs, relocation costs, transition costs, other restructuring costs, litigation
settlement or losses and curtailments or modifications to pension and postretirement employee benefit plans shall be excluded, 

  

	 	(b)	 the Net Income for such period shall not include the cumulative effect of a change in accounting principles
during such period, 

  
 5 

	 	(c)	 any pro forma after-tax effect (using a reasonable estimate based on
applicable tax rates) of income (loss) from disposed or discontinued operations and any net after-tax gains or losses on disposal of disposed, abandoned or discontinued operations shall be excluded,

  

	 	(d)	 any pro forma after-tax effect (using a reasonable estimate based on
applicable tax rates) of gains or losses (less all accrued fees and expenses relating thereto) attributable to asset dispositions other than in the ordinary course of business, as determined in good faith by Parent, shall be excluded,

  

	 	(e)	 the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or
that is accounted for by the equity method of accounting, shall be excluded; provided that 

 Consolidated Net
Income of such Person shall be (A) increased by the amount of dividends or distributions or other payments that are actually paid in cash (or to the extent converted into cash) to such Person or a Subsidiary thereof that is Parent or a
Restricted Subsidiary in respect of such period (subject in the case of dividends paid or distributions made to a Restricted Subsidiary (other than a Guarantor) to the limitations contained in clause (f) below) and (B) decreased by the
amount of any equity of Parent in a net loss of any such Person for such period to the extent Parent has funded such net loss in cash with respect to such period, 
  

	 	(f)	 [reserved], 

  

	 	(g)	 effects of purchase accounting adjustments (including the effects of such adjustments pushed down to such
Person and such Subsidiaries) in component amounts required or permitted by GAAP, resulting from the application of purchase accounting in relation to any consummated acquisition or the amortization or
write-up, write-down or write-off of any amounts thereof, net of taxes, shall be excluded, 

 

	 	(h)	 any pro forma after-tax effect (using a reasonable estimate based on
applicable tax rates) of income (loss) from the early extinguishment of Indebtedness or Hedging Obligations or other derivative instruments, in each case to the extent permitted hereunder, shall be excluded, 

 

	 	(i)	 any pro forma after-tax effect (using a reasonable estimate based on
applicable tax rates) impairment charge or asset write-off, write-up or write-down (other than write-offs or write-downs of inventory or receivables), in each case,
pursuant to GAAP and the amortization of assets or liabilities, including intangibles arising (including goodwill and organizational costs) pursuant to GAAP shall be excluded, 

 

	 	(j)	 any pro forma after-tax effect (using a reasonable estimate based on
applicable tax rates) of non-cash compensation or other expense recorded from grants of stock appreciation or similar rights, stock options, restricted stock or other rights shall be excluded, and

  

	 	(k)	 any fees and expenses incurred during such period, or any amortization thereof for such period, in connection
with any acquisition, Investment, disposition, dividend or similar payments in respect of equity interests, issuance or repayment of Indebtedness, issuance of Equity Interests, refinancing or recapitalization transaction or amendment or modification
of any debt instrument (in each case, including any such transaction consummated prior to the Issue Date and any such transaction undertaken but not completed) and any charges or nonrecurring merger costs incurred during such period as a result of
any such transaction shall be excluded. 

 “Contingent Obligations” means, with respect to any Person,
any obligation of such Person guaranteeing or having the economic effect of 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, (i) to purchase any such primary obligation or any property constituting
direct or indirect security therefor, (ii) 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, (iii) to 

  
 6 

 
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 or (iv) as an account party with respect to any letter of credit, letter of guaranty or bankers’ acceptance. 

“Corporate Trust Office of the Trustee” shall be at the address of the Trustee specified in Section 12.02 of this
Indenture or such other address as to which the Trustee may give notice to the Issuer. 
 “Default” means any event that
is, or with the passage of time or the giving of notice or both would be, an Event of Default. 
 “Definitive Note” means a
certificated Initial Note or Additional Note (bearing the Restricted Notes Legend if the transfer of such Note is restricted by applicable law) that does not include the Global Notes Legend. 

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in
Section 2.03 of this Indenture as the Depositary with respect to the Notes, and any and all successors thereto appointed as Depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms (or by the terms
of any security into which it is convertible or for which it is putable or exchangeable), or upon the happening of any event, matures or is mandatorily redeemable (other than as a result of a change of control or asset sale), pursuant to a sinking
fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than as a result of a change of control or asset sale), in whole or in part, in each case prior to the earlier of the final maturity date of the Notes or the
date the Notes are no longer outstanding; provided, however, that if such Capital Stock is issued to any plan for the benefit of employees of Parent or any of 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 Parent or any of its Subsidiaries in order to satisfy applicable statutory or regulatory obligations; provided further that any Capital Stock held by any
future, current or former employee, director, officer, manager or consultant of Parent, any of its Subsidiaries, any of its direct or indirect parent companies or any other entity in which Parent or a Restricted Subsidiary has an Investment, in each
case pursuant to any stock subscription or shareholders’ agreement, management equity plan or stock option plan or any other management or employee benefit plan or agreement, shall not constitute Disqualified Stock solely because it may be
required to be repurchased by Parent or its Subsidiaries. 
 “Domestic Subsidiaries” means, with respect to any Person, any
subsidiary of such Person other than a Foreign Subsidiary. 
 “EBITDA” means, with respect to any Person for any period,
the Consolidated Net Income of such Person and its Restricted Subsidiaries for such period: 
 (a) increased (without duplication) by: 

 

	 	(i)	 provision for taxes based on income or profits or capital (or any alternative tax in lieu thereof), including,
without limitation, foreign, state, franchise and similar taxes and foreign withholding taxes of such Person and such subsidiaries paid or accrued during such period deducted (and not added back) in computing Consolidated Net Income, including
payments made pursuant to any tax sharing agreements or arrangements among Parent, its Restricted Subsidiaries and any direct or indirect parent company of Parent (so long as such tax sharing payments are attributable to the operations of Parent and
its Restricted Subsidiaries); plus 

  

	 	(ii)	 Fixed Charges of such Person and such subsidiaries for such period to the extent the same was deducted (and not
added back) in calculating such Consolidated Net Income; plus 

  
 7 

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

  

	 	(iv)	 any fees, costs, commissions, expenses or other charges (other than Depreciation or Amortization Expense)
related to any Equity Offering, Investment, acquisition, disposition, recapitalization or the incurrence or repayment of Indebtedness permitted to be incurred under this Indenture or 

existing on the Issue Date (including a refinancing thereof) (whether or not successful), including (w) any expensing of bridge,
commitment or other financing fees, (x) such fees, costs, commissions, expenses or other charges related to this offering of the Notes, (y) any such fees, costs (including call premium), commissions, expenses or other charges related to
any amendment, modification, repayment or refinancing of the Notes and the Senior Credit Facilities and (z) commissions, discounts, yield and other fees and charges (including any interest expense) related to any Receivables Facility, and, in
each case, deducted (and not added back) in computing Consolidated Net Income; plus 
  

	 	(v)	 any other non-cash charges, expenses or losses including any write offs
or write downs and any non-cash expense relating to the vesting of warrants, reducing Consolidated Net Income for such period (provided that if any such non-cash
charges represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from EBITDA in such future period to the extent paid, and excluding amortization of
a prepaid cash item that was paid in a prior period); plus 

  

	 	(vi)	 [reserved]; plus 

 

	 	(vii)	 the amount of loss on sale of receivables and related assets to the Receivables Subsidiary in connection with a
Receivables Facility deducted (and not added back) in computing Consolidated Net Income; plus 

  

	 	(viii)	 costs or expense deducted (and not added back) in computing Consolidated Net Income by such Person or any such
subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that such cost or expenses are funded with cash
proceeds contributed to the capital of Parent or net cash proceeds of an issuance of Equity Interest of Parent (other than Disqualified Stock); plus 

  

	 	(ix)	 the amount of net cost savings and acquisition synergies projected by Parent in good faith to be realized
during such period (calculated on a pro forma basis as though such cost savings had been realized on the first day of such period) as a result of specified actions taken or initiated in connection with any acquisition or disposition by Parent or any
Restricted Subsidiary, net of the amount of actual benefits realized during such period that are otherwise included in the calculation of EBITDA from such actions; provided that (A) such cost savings are reasonably identifiable and
factually supportable, (B) such actions are taken within 18 months after the date of such acquisition or disposition and (C) the aggregate amount of costs savings added pursuant to this clause (ix) shall not exceed 20% of
Parent’s EBITDA for the period of four consecutive fiscal quarters most recently ended prior to the determination date; plus 

  

	 	(x)	 any net after-tax nonrecurring, extraordinary or unusual gains or
losses (less all fees and expenses relating thereto) or expenses; plus 

  

	 	(xi)	 to the extent covered by insurance and actually reimbursed or otherwise paid, or, so long as Parent has made a
determination that there exists reasonable evidence that such amount will in fact be reimbursed or otherwise paid by the insurer and only to the extent that such amount is (A) not denied by the applicable carrier in writing within 180 days and
(B) in fact reimbursed or otherwise paid within 365 

  
 8 

	 	
days of the date of such evidence (with a deduction for any amount so added back to the extent not so reimbursed or otherwise paid within such 365 days), expenses with respect to liability or
casualty events and expenses or losses relating to business interruption; plus 

  

	 	(xii)	 expenses to the extent covered by contractual indemnification or refunding provisions in favor of Parent or a
Restricted Subsidiary and actually paid or refunded, or, so long as Parent has made a determination that there exists reasonable evidence that such amount will in fact be paid or refunded by the indemnifying party or other obligor and only to the
extent that such amount is 

 (A)    not denied by the applicable indemnifying party or obligor in
writing within 90 days and 
 (B)    in fact reimbursed within 180 days of the date of such evidence (with a deduction
for any amount so added back to the extent not so reimbursed within such 180 days); plus 
  

	 	(xiii)	 any non-cash increase in expenses (A) resulting from the
revaluation of inventory (including any impact of changes to inventory valuation policy methods) or (B) due to purchase accounting associated with any future acquisitions; 

 

	 	(b)	 decreased by (without duplication) non-cash gains increasing
Consolidated Net Income of such Person and such subsidiaries for such period, excluding any non-cash gains to the extent they represent the reversal of an accrual or reserve for a potential cash item that
reduced EBITDA in any prior period; and 

  

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

 

	 	(i)	 any net gain or loss resulting in such period from Hedging Obligations and the application of Accounting
Standards Codification 815 and International Accounting Standard No. 39 and their respective related pronouncements and interpretations; plus or minus, as applicable, 

 

	 	(ii)	 any net gain or loss included in calculating Consolidated Net Income resulting in such period from currency
translation gains or losses related to currency remeasurements of indebtedness (including any net loss or gain resulting from hedge agreements for currency exchange risk). 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering” means any public or
private sale of Common Stock or Preferred Stock of Parent or any of its direct or indirect parent companies (excluding Disqualified Stock of such entity), other than (i) public offerings with respect to Common Stock of Parent or of any of its
direct or indirect parent companies registered on Form S-4 or Form S-8 or (ii) an issuance to any Subsidiary of Parent. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Fixed Charges” means, with respect to any Person for any period, the sum of, without duplication,
(a) Consolidated Interest Expense (excluding amortization/accretion of original issue discount (including any original issue discount created by fair value adjustments to Indebtedness in existence as of the Issue Date as a result of purchase
accounting)) of such Person for such period and (b) all cash dividends paid during such period (excluding items eliminated in consolidation) on any series of Preferred Stock or Disqualified Stock of such Person and its Subsidiaries. 

“Foreign Subsidiary” means, with respect to any Person, (a) any subsidiary of such Person that is organized and existing
under the laws of any jurisdiction outside the United States of America or (b) any subsidiary of such Person that has no material assets other than the Capital Stock of one or more subsidiaries described in clause (a) and other assets
relating to an ownership interest in any such Capital Stock or subsidiaries. 

  
 9 

 “GAAP” means generally accepted accounting principles in the United States
in effect on the Issue Date, except for any reports required to be delivered pursuant to Section 4.04, which shall be prepared in accordance with GAAP in effect on the date thereof. At any time after the Issue Date, Parent may elect to apply
International Financial Reporting Standards (“IFRS”) accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise provided in this Indenture);
provided that any such election, once made, shall be irrevocable; provided, further, any calculation or determination in this Indenture that requires the application of GAAP for periods that include fiscal quarters ended prior to
Parent’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. Parent shall give notice of any such election made in accordance with this definition to the Trustee and the Holders. 

For purposes of this “Description of Notes,” the term “consolidated” with respect to any Person means such Person
consolidated with its Restricted Subsidiaries and does not include any Unrestricted Subsidiary. 
 “Governmental Authority”
means the government of the United States of America or any other nation, any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 

“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, through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness or other obligations. When used as a verb,
“guarantee” shall have a corresponding meaning. 
 “Guarantee” means any guarantee of the obligations of the
Issuer under this Indenture and the Notes by a Guarantor in accordance with the provisions of this Indenture. When used as a verb, “Guarantee” shall have a corresponding meaning. 

“Guarantor” means any Person that incurs a Guarantee of the Notes; provided that upon the release and discharge of
such Person from its Guarantee in accordance with this Indenture, such Person shall cease to be a Guarantor. 
 “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 manage, hedge or protect such Person with respect to fluctuations
in currency exchange, interest rates or commodity, raw materials, utilities and energy prices. 

“holder” means, with reference to any Indebtedness or other Obligations, any holder or lender of, or trustee or collateral
agent or other authorized representative with respect to, such Indebtedness or Obligations, and, in the case of Hedging Obligations, any counterparty to such Hedging Obligations. 

“Holder” means the Person in whose name a Note is registered, in each case on the registrar’s books. 

“Indebtedness” means, with respect to any Person, 

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

 

	 	(i)	 in respect of borrowed money, 

  
 10 

	 	(ii)	 evidenced by bonds, notes, debentures or similar instruments, 

 

	 	(iii)	 evidenced by letters of credit (or, without duplication, reimbursement agreements in respect thereof),

  

	 	(iv)	 Capitalized Lease Obligations, 

 

	 	(v)	 representing the deferred and unpaid balance of the purchase price of any property (other than Capitalized
Lease Obligations), except (A) any such balance that constitutes a trade payable or similar obligation to a trade creditor in each case accrued in the ordinary course of business, (B) liabilities accrued in the ordinary course of business
and (C) earn-outs and other contingent payments in respect of acquisitions except to the extent that the liability on account of any such earn-outs or contingent payment becomes fixed, 

 

	 	(vi)	 representing any interest rate Hedging Obligations, or 

 

	 	(vii)	 all Cash Management Obligations incurred with a lender (or its Affiliates) under a credit agreement,

 if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging Obligations)
would appear as a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP, 
  

	 	(b)	 to the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor,
guarantor or otherwise, the Indebtedness of another Person (other than by endorsement of negotiable instruments for collection in the ordinary course of business), 

 

	 	(c)	 Disqualified Stock of such Person, and 

 

	 	(d)	 to the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset (other than
a Lien on Capital Stock of an Unrestricted Subsidiary) owned by such Person (whether or not such Indebtedness is assumed by such Person); 

provided, however, that notwithstanding the foregoing, Indebtedness shall be deemed not to include (A) Contingent
Obligations incurred in the ordinary course of business, (B) items that would appear as a liability on a balance sheet prepared in accordance with GAAP as a result of the application of ASC 840-40,
“Sale-Leaseback Transactions” and (C) obligations with respect to Receivables Facilities. The amount of Indebtedness of any person under clause (d) above shall be deemed to equal the lesser of (x) the aggregate unpaid amount
of such Indebtedness secured by such Lien and (y) the fair market value of the property encumbered thereby as determined by such person in good faith. 

“Indenture” means this Indenture, as amended or supplemented from time to time. 

“Initial Notes” has the meaning set forth in the recitals hereto. 

“Interest Payment Date” means September 1 and March 1 of each year to stated maturity of the Notes. 

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

“Investments” means, with respect to any Person, all direct or indirect investments by such Person in other Persons
(including Affiliates) in the form of loans (including guarantees or other obligations), advances or capital contributions (including by means of any transfer of cash or other property to others or any payment for property or services for the
account or use of others, but excluding accounts receivable, trade credit, advances to customers, commission, travel, entertainment, relocation, payroll and similar advances to officers, directors and

  
 11 

 
employees, in each case made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other
Person and investments that are required by GAAP to be classified on the balance sheet (excluding the footnotes) of such Person 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. 
 “Issue Date” means August 26, 2021. 

“Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City of New York, the city in which
the principal corporate trust office of the Trustee is located or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday, payment shall be made at that place on the next
succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening 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 such asset and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or
equivalent statutes) of any jurisdiction with respect to such asset; provided that in no event shall an operating lease or occupancy agreement be deemed to constitute a Lien. 

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

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

“Non-Guarantor Indebtedness” means any Indebtedness of a Restricted Subsidiary that
is not a Guarantor. 
 “Notes” means any Notes authenticated and delivered under this Indenture, including the Initial
Notes, any Additional Notes that may be issued under a supplemental indenture and Notes to be issued or authenticated upon transfer, replacement or exchange of Notes. 

“Obligations” means any principal, interest, premium, penalties, fees, indemnifications, reimbursements (including, without
limitation, reimbursement obligations with respect to letters of credit), costs, expenses, damages and other liabilities, and guarantees of payment of such principal, interest, premium, penalties, fees, indemnifications, reimbursements, costs,
expenses, damages and other liabilities, payable under the documentation governing any Indebtedness. 
 “Offering Memorandum”
means the offering memorandum, dated August 10, 2021, relating to the sale of the Initial Notes. 
 “Officer”
means the Chief Executive Officer, the President, the Chief Financial Officer, the Chief Operating Officer, principal accounting officer, controller, the General Counsel, any Executive Vice President, Senior Vice President or Vice President, the
Treasurer or Assistant Treasurer or the Secretary or any Assistant Secretary of Parent or the Issuer. 
 “Officers’
Certificate” means a certificate signed by any two Officers who have been authorized by the Board of Directors of Parent or the Issuer to execute such certificate. 

“Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may
be an employee of or counsel to Parent. 
 “Parent” means Resideo Technologies, Inc. and any successor thereto. 

  
 12 

 “Permitted Liens” means the following types of Liens: 

(1)    pledges, deposits or security by such Person (i) under workmen’s compensation laws, unemployment
insurance, employers’ health tax, and other social security laws or similar legislation or other insurance related obligations (including, but not limited to, in respect of deductibles, self-insured retention amounts and premiums and
adjustments thereto) or indemnification obligations of insurance carriers providing property, casualty or liability insurance, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases
to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits of cash or U.S. government bonds to secure surety, stay, customs or appeal bonds to which such Person is a party, or deposits as
security for contested taxes or import duties or for the payment of rent, performance and return-of-money bonds and other similar obligations (including those to secure
health, safety and environmental obligations) and (ii) in respect of letters of credit, bank guarantees or similar instruments issued for the account of such Person in the ordinary course of business supporting obligations of such type, in each
case incurred in the ordinary course of business; 
 (2)    Liens in favor of issuers of stay, customs, performance,
surety, bid, indemnity, warranty, release, appeal or similar bonds or with respect to other regulatory requirements or letters of credit or bankers’ acceptance issued, and completion guarantees provided for, in each case pursuant to the request
of and for the account of such Person in the ordinary course of its business or consistent with past practice; 

(3)    Liens on 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, or to provide all or any portion of the funds or credit support utilized in connection with, such other Person becoming such a Subsidiary;
provided, further, however, that such Liens may not extend to any other property owned by Parent or any Restricted Subsidiary; 

(4)    Liens on property at the time Parent or a Restricted Subsidiary acquired the property, including any acquisition by
means of a merger or consolidation with or into Parent or any of its Restricted Subsidiaries; provided, however, that such Liens are not created or incurred in connection with, or in contemplation of, or to provide all or any portion of the
funds or credit support utilized for, such acquisition; provided further, however, that such Liens may not extend to any other property owned by Parent or any Restricted Subsidiary; 

(5)    Liens securing Hedging Obligations and/or Cash Management Obligations so long as the related Indebtedness is
permitted to be incurred under this Indenture and is secured by a Lien on the same property securing such Hedging Obligation and/or Cash Management Obligation; 

(6)    Liens existing on the Issue Date, including, without limitation, Liens under the
Spin-Off Documents (as defined in the Senior Credit Facilities); 
 (7)    Liens
in favor of Parent, the Issuer or any Restricted Subsidiary; 
 (8)    Liens to secure any Indebtedness that is incurred
to refinance any Indebtedness that has been secured by a Lien existing on the Issue Date or referred to in clauses (3) and (4) of this definition; provided, however, that such Liens (x) are no less favorable to the Holders of the
Notes taken as a whole, and are not more favorable to the lien holders with respect to such Liens than the Liens in respect of the Indebtedness being refinanced, and (y) do not extend to or cover any property or assets of Parent or any of its
Restricted Subsidiaries not securing the Indebtedness so refinanced; 
 (9)    Liens on accounts receivable and related
assets incurred in connection with a Receivables Facility; 
 (10)    Liens for taxes, assessments or other governmental
charges or levies not yet overdue or the nonpayment of which in the aggregate would not reasonably be expected to result in a material adverse effect, or which are being contested in good faith by appropriate proceedings promptly instituted and
diligently conducted or for property taxes on property that Parent or one of its Subsidiaries has determined to abandon if the sole recourse for such tax, assessment, charge, levy or claim is to such property; 

  
 13 

 (11)    Liens arising out of judgments, decrees, orders or awards in
respect of which Parent or any Restricted Subsidiary shall in good faith be prosecuting an appeal or proceedings for review, which appeal or proceedings shall not have been finally terminated, or if the period within which such appeal or proceedings
may be initiated shall not have expired; 
 (12)    pledges, deposits or security under workmen’s compensation,
unemployment insurance and other social security laws or regulations, or deposits to secure the performance of tenders, contracts (other than for the payment of Indebtedness) or leases, or deposits to secure public or statutory obligations, or
deposits as security for contested taxes or import or customs duties or for the payment of rent, or deposits or other security securing liabilities to insurance carriers under insurance or self-insurance arrangements or earnest money deposits
required in connection with a purchase agreement or other acquisition, in each case incurred in the ordinary course of business or consistent with past practice; 

(13)    landlords’, carriers’, warehousemen’s, mechanics’,
material-men’s, repairmen’s and other like Liens imposed by applicable law, (i) arising in the ordinary course of business and securing obligations that are not overdue by more than 60 days,
(ii) (A) that are being contested in good faith by appropriate proceedings, (B) Parent or a Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (C) such contest
effectively suspends collection of the contested obligation and enforcement of any Lien securing such obligation or (iii) the existence of which would not reasonably be expected to result in a material adverse effect; 

(14)    minor survey exceptions, encumbrances, ground leases, 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, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar
encumbrances) as to the use of real properties or Liens incidental to the conduct of business or to the ownership of properties that do not in the aggregate materially adversely affect the value of said properties or materially impair their use in
the operation of the business; 
 (15)    leases, licenses, subleases, sublicenses or operating agreements (including,
without limitation, licenses and sublicenses of intellectual property) granted to others in the ordinary course of business that do not interfere in any material respect with the business of Parent or any of its material Restricted Subsidiaries
(including the Issuer) or which do not by their own terms secure any Indebtedness; 
 (16)    the rights reserved or
vested in any Person by the terms of any lease, license, franchise, grant or permit held by Parent or any of its Restricted Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require
annual or periodic payments as a condition to the continuance thereof; 
 (17)    restrictive covenants affecting the
use to which real property may be put; provided that the covenants are complied with; 
 (18)    Liens arising
out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by Parent or any Restricted Subsidiary in the ordinary course of business; 

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

  
 14 

 (20)    in the case of (A) any Restricted Subsidiary that is not a
Wholly-Owned Subsidiary or (B) the Equity Interests in any Person that is not a Restricted Subsidiary, any encumbrance or restriction, including any put and call arrangements, related to Equity Interests in such Restricted Subsidiary or such
other Person set forth in the organizational documents of such Restricted Subsidiary or such other Person or any related joint venture, shareholders’ or similar agreement; 

(21)    Liens on property or assets used to defease or to irrevocably satisfy and discharge Indebtedness; provided
that such defeasance or satisfaction and discharge is not prohibited by this Indenture; 
 (22)    Sale and Lease-Back
Transactions incurred in accordance with this Indenture; 
 (23)    Liens on property of Parent or a Restricted
Subsidiary in favor of the United States of America or any State thereof or the jurisdiction of organization of such Restricted Subsidiary, or any department, agency or instrumentality or political subdivision of the United States of America or any
State thereof or the jurisdiction of organization of such Restricted Subsidiary, to secure partial, progress, advance or other payments pursuant to any contract or statute; 

(24)    banker’s Liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds
maintained with a depositary institution and securities accounts and other financial assets maintained with a securities intermediary; 

(25)    Liens arising from Uniform Commercial Code financing statement filings regarding operating leases or consignments
entered into by Parent and its Restricted Subsidiaries in the ordinary course of business; 
 (26)    Liens securing
Indebtedness incurred to finance the construction, purchase or lease of, or repairs, improvements or additions to, property of such Person; provided, however, that (x) the Lien may not extend to any other property (except for accessions
to such property) owned by such Person or any of its Restricted Subsidiaries at the time the Lien is incurred, (y) such Liens attach concurrently with or within 270 days after the acquisition, repair, replacement, construction or improvement
(as applicable) of the property subject to such Liens and (z) with respect to Capitalized Lease Obligations, such Liens do not at any time extend to or cover any assets (except for accessions to such assets) other than the assets subject to
such Capitalized Lease Obligations; provided that individual financings of property provided by one lender may be cross-collateralized to other financings of equipment provided by such lender; 

(27)    Liens (i) of a collection bank arising under Section 4-208 of
the Uniform Commercial Code as in effect in New York, or Section 4-210 of the Uniform Commercial Code as in effect in another jurisdiction other than New York or any comparable or successor provision on
items in the course of collection, (ii) attaching to pooling, commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business and (iii) in favor of banking or other financial institutions or
electronic payment service providers arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking or finance industry;

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

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

  
 15 

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

(31)    Liens with respect to the assets of a Restricted Subsidiary that is not a Guarantor (other than the Issuer)
securing Indebtedness of such Restricted Subsidiary incurred in accordance with Section 4.07; 
 (32)    Liens
arising by operation of law under Article 2 of the Uniform Commercial Code in favor of a reclaiming seller of goods or buyer of goods; 

(33)    security given to a public or private utility or any Governmental Authority as required in the ordinary course of
business; 
 (34)    landlords’ and lessors’ Liens in respect of rent not in default for more than 60 days or
the existence of which, individually or in the aggregate, would not reasonably be expected to result in a material adverse effect; 

(35)    Liens in favor of customs and revenues authorities imposed by applicable law arising in the ordinary course of
business in connection with the importation of goods in the ordinary course of business; 
 (36)    Liens on securities
which are the subject of repurchase agreements incurred in the ordinary course of business; 
 (37)    Liens on the
Capital Stock of Unrestricted Subsidiaries; 
 (38)    Liens on inventory or equipment of Parent or any of its
Restricted Subsidiaries granted in the ordinary course of business to Parent’s or such Restricted Subsidiary’s clients or customers at which such inventory or equipment is located; 

(39)    Liens in connection with the sale or transfer of any Equity Interests or other assets in a transaction permitted
under this Indenture, customary rights and restrictions contained in agreements relating to such sale or transfer pending the completion thereof; 

(40)    pledges or deposits made in the ordinary course of business to secure liability to insurance carriers and Liens on
insurance policies and the proceeds thereof (whether accrued or not), rights or claims against an insurer or other similar asset securing insurance premium financings; 

(41)    Liens on cash deposits of Parent, the Issuer and Foreign Subsidiaries subject to a Cash Pooling Arrangement or
otherwise over bank accounts of Parent, the Issuer and Foreign Subsidiaries maintained as part of the Cash Pooling Arrangement, in each case securing liabilities for overdrafts of the Issuer and Foreign Subsidiaries participating in such Cash
Pooling Arrangements; 
 (42)    any encumbrance or retention (including put and call agreements and rights of first
refusal) with respect to the Equity Interests of any joint venture or similar arrangement pursuant to the joint venture or similar agreement with respect to such joint venture or similar arrangement; 

(43)    Liens consisting of customary contractual restrictions on cash and Cash Equivalents; 

(44)    Liens on cash or Cash Equivalents securing letters of credit or other credit support obligations in the ordinary
course of business; 
 (45)    any Liens arising by operation of law; 

(46)    Liens securing the Notes and related Guarantees; and 

  
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 (47)    Liens securing any Indebtedness; provided, however, that,
at the time of incurrence of such Liens and after giving pro forma effect thereto (including a pro forma application of the net proceeds therefrom) the then outstanding aggregate principal amount of Secured Indebtedness, including, for the avoidance
of doubt, any Secured Indebtedness outstanding on the Issue Date for so long as such Secured Indebtedness remains outstanding, (in each case other than any Secured Indebtedness that constitutes Non-Guarantor
Indebtedness) does not exceed an amount equal to the greater of (a) $2,000.0 million and (b) 3.00 multiplied by the aggregate amount of EBITDA for the then most recent four full fiscal quarters for which internal financial statements of Parent
and its Restricted Subsidiaries are available. 
 “Person” means any individual, corporation, partnership, joint venture,
association, joint stock company, trust, unincorporated organization, limited liability company or government or other entity. 

“Preferred Stock” means any Equity Interest with preferential rights of payment of dividends upon liquidation, dissolution or
winding up. 
 “Principal Property” means any tangible asset having fair market value in excess of $5.0 million, other
than real property, together with the buildings, structures, facilities and improvements thereon, owned by Parent or any Restricted Subsidiary as of the Issue Date. 

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

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

“Receivables Subsidiary” means any subsidiary formed for the purpose of, and that solely engages only in, one or more
Receivables Facilities and other activities reasonably related thereto. 
 “Record Date” for the interest payable on any
applicable Interest Payment Date means August 15 and February 15 (whether or not a Business Day) immediately preceding such Interest Payment Date. 

“Required Holders” means, as of any date of determination, Holders that hold Notes that, in the aggregate, represent more
than 50% of the sum of the principal amount of all Notes outstanding at such time. 
 “Restricted Subsidiary” means, at any
time, any direct or indirect Subsidiary of Parent (including any Foreign Subsidiary) that is not then an Unrestricted Subsidiary; provided, however, that upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted
Subsidiary, such Subsidiary shall be included in the definition of Restricted Subsidiary. For the avoidance of doubt, unless otherwise indicated, any reference to Restricted Subsidiary includes the Issuer. 

“Responsible Officer,” when used with respect to the Trustee, means any officer within the Corporate Trust Office of the
Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by such officers and also means, with respect to a particular corporate trust matter, any other officer
of employee to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture. 

“S&P” means S&P Global Ratings, a business unit of S&P Global Inc., and any successor to its rating agency
business. 

  
 17 

 “Sale and Lease-Back Transaction” means any arrangement with any Person
providing for the leasing by the Issuer or any Restricted Subsidiary of any real or tangible personal property, which property has been or is to be sold or transferred by the Issuer or such Restricted Subsidiary to such Person in contemplation of
such leasing. 
 “Secured Indebtedness” means any Indebtedness of Parent or any of its Restricted Subsidiaries secured by a
Lien. 
 “SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Senior Credit Facilities” means that certain Credit Agreement, dated as of October 25, 2018, among
Resideo Technologies, Inc., Resideo Holding Inc., Resideo Intermediate Holding Inc., Resideo Funding Inc., JPMorgan Chase Bank, N.A., as Administrative Agent, the lenders party thereto and certain other parties specified therein, providing revolving
loans and other extensions of credit, including any related notes, debentures, bonds, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, supplemented, modified,
renewed, refunded, replaced (whether at maturity or thereafter) or refinanced from time to time in one or more agreements, indentures, notes, bonds, facilities or other forms of indebtedness in whole or in part (in each case with the same or new
agents, lenders or investors), including any agreement adding or changing the borrower or issuer or any guarantor or extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount
loaned or issued thereunder or altering the maturity thereof. 
 “Senior Indebtedness” means: 

 

	 	(1)	 all Indebtedness of the Issuer or any Guarantor outstanding under the Senior Credit Facilities and the Notes
and related Guarantees (including interest accruing on or after the filing of any petition in bankruptcy or similar proceeding or for reorganization of the Issuer or any Guarantor (at the rate provided for in the documentation with respect thereto,
regardless of whether or not a claim for post-filing interest is allowed in such proceedings)), and any and all other fees, expense reimbursement obligations, indemnification amounts, penalties, and other amounts (whether existing on the Issue Date
or thereafter created or incurred) and all obligations of the Issuer or any Guarantor to reimburse any bank or other Person in respect of amounts paid under letters of credit, acceptances or other similar instruments; 

 

	 	(2)	 all Hedging Obligations (and guarantees thereof) and/or Cash Management Obligations (and guarantees thereof)
owing to a Lender (as defined in the Senior Credit Facilities) or any Affiliate of such Lender (or any Person that was a Lender or an Affiliate of such Lender at the time the applicable agreement giving rise to such Hedging Obligation and/or Cash
Management Obligation was entered into); provided that such Hedging Obligations and/or Cash Management Obligations are permitted to be incurred under the terms of this Indenture; 

 

	 	(3)	 any other Indebtedness of the Issuer or any Guarantor permitted to be incurred under the terms of this
Indenture, unless the instrument under which such Indebtedness is incurred expressly provides that it is subordinated in right of payment to the Notes or any related Guarantee; and 

 

	 	(4)	 all Obligations with respect to the items listed in the preceding clauses (1), (2) and (3); provided,
however, that Senior Indebtedness shall not include: 

  

	 	(a)	 any obligation of such Person to the Issuer or any of its Subsidiaries; 

 

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

 

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

  
 18 

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

  

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

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

“Subsidiary” means, with respect to any specified Person: 

 

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

  

	 	(2)	 any partnership, joint venture, limited liability company or similar entity of which (x) more than 50% of
the capital accounts, distribution rights, total equity and voting interests or general or 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 or otherwise and (y) such Person or any Wholly Owned Restricted Subsidiary of such Person is a controlling general partner or otherwise
controls such entity. 

 “Stated Maturity” means, with respect to any installment of interest or
principal on any series of Indebtedness, the date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the Issue Date (or, if later, the date such Indebtedness was originally
incurred), and will not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 

“Subsidiary Guarantor” means any Guarantor that is a Restricted Subsidiary of the Issuer. 

“Treasury Rate” means, as of the applicable redemption date, the weekly average rounded to the nearest 1/100th of a
percentage point (for the most recently completed week for which such information is available as of the date that is two Business Days prior to the redemption date or, in the case of a satisfaction and discharge or defeasance, at least two Business
Days prior to the date on which the Issuer deposit the amounts required under this Indenture) of the yield to maturity of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve
Statistical Release H.15 (519) with respect to each applicable day during such week (or, if such Statistical Release is no longer published or no market data appears thereon, any publicly available source of similar market data)) most nearly equal
to the period from such redemption date to September 1, 2024; provided, however, that if the period from such redemption date to September 1, 2024 is less than one year, the weekly average yield on actually traded United States
Treasury securities adjusted to a constant maturity of one year will be used. 
 “Trustee” means the party named as such in
the preamble to this Indenture until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 

“Unrestricted Subsidiary” means (i) any Subsidiary of Parent (other than the Issuer) that at the time of determination
is an Unrestricted Subsidiary (as designated by the Board of Directors of Parent, as provided below) and (ii) any Subsidiary of an Unrestricted Subsidiary. The Board of Directors of Parent may designate any Subsidiary of Parent (including any
existing Subsidiary and any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on, any property of,
Parent or any Subsidiary of Parent (other than any Unrestricted Subsidiary of the Subsidiary to be so designated); provided that (a) any Unrestricted Subsidiary must be an entity of which shares of the

  
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Capital Stock or other equity interests (including partnership interests) entitled to cast at least a majority of the votes that may be cast by all shares or equity interests having ordinary
voting power for the election of directors or other governing body are owned, directly or indirectly, by Parent and (b) each of (I) the Subsidiary to be so designated and (II) its Subsidiaries has not at the time of designation, and
does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of Parent or any Restricted Subsidiary
(other than the Capital Stock of such Subsidiary to be so designated). The Board of Directors of Parent may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that, immediately after giving effect to such
designation, no Event of Default shall have occurred and be continuing. The Issuer shall notify the Trustee of any such designation by the Board of Directors of Parent by promptly furnishing the Trustee a copy of the Board Resolution giving effect
to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. For the avoidance of doubt, the Issuer may never be designated as an Unrestricted Subsidiary under this Indenture. 

“U.S. Dollar Equivalent” means, with respect to any monetary amount in a currency other than U.S. dollars,
at any time for determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for the purchase of U.S. dollars with the applicable foreign currency as
published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such determination. 

Whenever it is necessary to determine whether Parent has complied with any covenant in this Indenture or a Default has occurred and an amount
is expressed in a currency other than U.S. dollars, such amount will be treated as the U.S. Dollar Equivalent determined as of the date such amount is initially determined in such currency. 

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

 

	 	(a)	 direct obligations of the United States of America for the timely payment of which its full faith and credit is
pledged or 

  

	 	(b)	 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, 

which, in either case, are not callable or redeemable at the option of the issuers 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 Securities or a specific payment of principal of or interest on any such U.S. Government Securities 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 Securities or the specific payment of principal of or interest on the U.S. Government Securities 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. 
 “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 and shares issued to foreign nationals under applicable law) shall at the time be owned by such Person or by one or more Wholly
Owned Subsidiaries of such Person or by such Person and one or more Wholly Owned Subsidiaries of such Person. 

  
 20 

 Section 1.02    Other Definitions. 

 

			
	Term	  	Defined in Section
	“Authentication Order”	  	2.02
	“Change of Control Offer”	  	4.15
	“Change of Control Payment”	  	4.15
	“Change of Control Payment Date”	  	4.15
	“Covenant Defeasance”	  	8.03
	“Event of Default”	  	6.01
	“Expiration Date”	  	1.05
	“FATCA”	  	12.18
	“Guaranteed Obligations”	  	10.01
	“incur”	  	4.07
	“LCA Election”	  	1.06
	“LCA Test Date”	  	1.06
	“Limited Condition Acquisition”	  	1.06
	“Legal Defeasance”	  	8.02
	“Note Register”	  	2.03
	“Non-Guarantor Preferred Stock”	  	4.07
	“Paying Agent”	  	2.03
	“PDF”	  	12.16
	“Registrar”	  	2.03
	“Successor Company”	  	5.01
	“Successor Guarantor”	  	5.01
	“Successor Parent Guarantor”	  	5.01
	“Temporary Notes”	  	2.10

 Section 1.03    Rules of Construction. 

Unless the context otherwise requires: 

(1)    a term defined in Sections 1.01 or 1.02 of this Indenture shall have the meaning assigned to it
herein; 
 (2)    an accounting term not otherwise defined has the meaning assigned to it in accordance
with GAAP; 
 (3)    “or” is not exclusive; 

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

(5)    provisions apply to successive events and transactions; 

(6)    unless the context otherwise requires, any reference to an “Appendix,”
“Article,” “Section,” “clause,” “Schedule” or “Exhibit” refers to an Appendix, Article, Section, clause, Schedule or Exhibit, as the case may be, of this Indenture; 

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

  
 21 

 (8)    “including” means “including
without limitation”; 
 (9)    references to sections of, or rules under, the Securities Act or the
Exchange Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; 

(10)    unless otherwise provided, references to agreements and other instruments shall be deemed to
include all amendments and other modifications to such agreements or instruments, but only to the extent such amendments and other modifications are not prohibited by the terms of this Indenture; and 

(11)    in the event that a transaction meets the criteria of more than one category of permitted
transactions or listed exceptions, the Issuer may classify such transaction as it, in its sole discretion, determines. 

Section 1.04    Trust Indenture Act. 

This Indenture is not qualified under, and, does not incorporate or include any of the provisions of, the Trust Indenture Action of 1939, as
amended. 
 Section 1.05    Acts of Holders. 

(a)    Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by
this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. Except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Issuer and the Guarantors. Proof of execution of any such instrument
or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 7.01 of this Indenture) conclusive in favor of the Trustee, the Issuer and the Guarantors, if made in the manner provided in
this Section 1.05. 
 (b)    The fact and date of the execution by any Person of any such instrument or writing
may be proved (1) by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing
acknowledged to him the execution thereof or (2) in any other manner deemed reasonably sufficient by the Trustee. Where such execution is by a signer in a capacity other than an individual capacity, such certificate or affidavit shall also
constitute proof of the authority of the Person executing the same. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee and
the Issuer deem sufficient. 
 (c)    The ownership of Notes shall be proved by the Note Register. 

(d)    Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Note
shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted by the Trustee, the Issuer
or the Guarantors in reliance thereon, whether or not notation of such action is made upon such Note. 
 (e)    The
Issuer may set a record date for purposes of determining the identity of Holders entitled to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, or to vote
on or consent to any action authorized or permitted to be taken by Holders; provided that the Issuer may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice,
declaration, request or direction referred to in clause (f) below. Unless otherwise specified, if not set by the Issuer prior to the first solicitation of a Holder made by any Person in respect of any such action, or in the case of any such
vote, prior to such vote, any such record date shall be the later of 30 days prior to the first solicitation of such consent or vote or the date of the most recent list of Holders 

  
 22 

 
furnished to the Trustee prior to such solicitation or vote. If any record date is set pursuant to this clause (e), the Holders on such record date, and only such Holders, shall be entitled to
make, give or take such request, demand, authorization, direction, notice, consent, waiver or other action (including revocation of any action), whether or not such Holders remain Holders after such record date; provided that no such action
shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Notes, or each affected Holder, as applicable, on such record date. Promptly after any record date
is set pursuant to this paragraph, the Issuer, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder in the manner set
forth in Section 12.02 of this Indenture. 
 (f)    The Trustee may set any day as a record date for the purpose
of determining the Holders entitled to join in the giving or making of (1) any notice of default under Section 6.01 of this Indenture, (2) any declaration of acceleration referred to in Section 6.02 of this Indenture,
(3) any direction referred to in Section 6.05 of this Indenture or (4) any request to pursue a remedy as permitted in Section 6.06 of this Indenture. If any record date is set pursuant to this paragraph, the Holders on such
record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder
unless made, given or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Notes or each affected Holder, as applicable, on such record date. Promptly after any record date is set pursuant to this
paragraph, the Trustee, at the Issuer’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Issuer and to each Holder in the manner set forth in
Section 12.02 of this Indenture. 
 (g)    Without limiting the foregoing, a Holder entitled to take any action
hereunder with regard to any particular Note may do so with regard to all or any part of the principal amount of such Note or by one or more duly appointed agents, each of which may do so pursuant to such appointment with regard to all or any part
of such principal amount. Any notice given or action taken by a Holder or its agents with regard to different parts of such principal amount pursuant to this paragraph shall have the same effect as if given or taken by separate Holders of each such
different part. 
 (h)    Without limiting the generality of the foregoing, a Holder, including a Depositary that is
the Holder of a Global Note, may make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by
Holders, and a Depositary that is the Holder of a Global Note may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such Depositary’s standing instructions and customary practices. 

(i)    The Issuer may fix a record date for the purpose of determining the Persons who are beneficial owners of interests
in any Global Note held by a Depositary entitled under the procedures of such Depositary, if any, to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other
action provided in this Indenture to be made, given or taken by Holders; provided that if such a record date is fixed, only the beneficial owners of interests in such Global Note on such record date or their duly appointed proxy or proxies
shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other action, whether or not such beneficial owners remain beneficial owners of interests in such Global Note after such record date.
No such request, demand, authorization, direction, notice, consent, waiver or other action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date. 

(j)    With respect to any record date set pursuant to this Section 1.05, the party hereto that sets such record
date may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new
Expiration Date is given to the other party hereto in writing, and to each Holder in the manner set forth in Section 12.02 of this Indenture, on or prior to both the existing and the new Expiration Date. If an Expiration Date is not designated
with respect to any record date set pursuant to this Section 1.05, the party hereto which set such record date shall be deemed to have initially designated the 90th day after such record date as the Expiration Date with respect thereto, subject
to its right to change the Expiration Date as provided in this clause (j). 

  
 23 

 Section 1.06    Limited Condition Acquisitions. 

When calculating the availability under any basket under this Indenture or compliance with any provision of this Indenture, in each case, in
connection with any acquisition (including by way of merger) whose consummation is not conditioned upon the availability of, or on obtaining, third-party financing (a “Limited Condition Acquisition”) and any actions or transactions
related thereto, the date of determination of such basket and whether any such action or transaction is permitted (or any requirement or condition therefor is complied with or satisfied) and of any default or event of default may, at the option of
the Issuer (the Issuer’s election to exercise such option, an “LCA Election”), be the date the definitive agreements for such Limited Condition Acquisition are entered into (such date, the “LCA Test Date”).

 If, after giving pro forma effect to the Limited Condition Acquisition and any actions or transactions related thereto and any related
pro forma adjustments, Parent or any of its Restricted Subsidiaries would have been permitted to take such actions or consummate such transactions on the relevant LCA Test Date in compliance with such basket or test (and any related requirements and
conditions), such basket or test (and any related requirements and conditions) shall be deemed to have been complied with (or satisfied) for all purposes (in the case of Indebtedness, for example, whether such Indebtedness is committed, issued or
incurred at the LCA Test Date or at any time thereafter); provided that (a) if financial statements for one or more subsequent fiscal quarters shall have become available, the Issuer may elect, in its sole discretion, to re-determine all such baskets or tests on the basis of such financial statements, in which case, such date of redetermination shall thereafter be deemed to be the applicable LCA Test Date for purposes of such
baskets or tests, and (b) except as contemplated in the foregoing clause (a), compliance with such baskets or tests (and any related requirements and conditions) shall not be determined or tested at any time after the applicable LCA Test Date
for such Limited Condition Acquisition and any actions or transactions related thereto. 
 For the avoidance of doubt, if the Issuer has
made an LCA Election, (1) if any of the baskets tests for which compliance was determined or tested as of the LCA Test Date would at any time after the LCA Test Date have been exceeded or otherwise failed to have been complied with as a result
of fluctuations in any such basket or test, including due to fluctuations in Consolidated Net Income or EBITDA on a pro forma basis of the Issuer or the Person subject to such Limited Condition Acquisition, such baskets or tests will not be deemed
to have been exceeded or failed to have been complied with as a result of such fluctuations; (2) if any related requirements and conditions (including as to the absence of any continuing Default or Event of Default) for which compliance or
satisfaction was determined or tested as of the LCA Test Date would at any time after the LCA Test Date not have been complied with or satisfied (including due to the occurrence or continuation of a Default or Event of Default), such requirements
and conditions will not be deemed to have been failed to be complied with or satisfied (and such default or event of default shall be deemed not to have occurred or be continuing); and (3) in calculating the availability under any basket or
test in connection with any action or transaction unrelated to such Limited Condition Acquisition following the relevant LCA Test Date and prior to the earlier of the date on which such Limited Condition Acquisition is consummated or the date that
the definitive agreement for such Limited Condition Acquisition is terminated without consummation of such Limited Condition Acquisition, any such basket or test shall be determined or tested giving pro forma effect to such Limited Condition
Acquisition and any action or transactions related thereto. 
 With respect to any such calculations of the availability under any basket
under this Indenture or compliance with any provision of this Indenture, in each case in connection with a Limited Condition Acquisition and any actions or transactions related thereto, the Issuer will deliver to the Trustee promptly following the
date the definitive agreement for such Limited Condition Acquisition is entered into an Officer’s Certificate stating that such definitive agreement has been executed and that the Issuer has made any applicable basket calculations in accordance
this provision and in compliance with the terms of this Indenture. 

  
 24 

 ARTICLE 2 

THE NOTES 

Section 2.01    Form and Dating; Terms. 

(a)    Provisions relating to the Initial Notes, Additional Notes and any other Notes issued under this Indenture are set
forth in Appendix A, which is hereby incorporated in and expressly made a part of this Indenture. The Notes 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 Notes may have notations, legends or endorsements required by law, rules or agreements with national securities exchanges to which the Issuer or any Guarantor is subject, if any, or
usage (provided that any such notation, legend or endorsement is in a form acceptable to the Issuer). Each Note shall be dated the date of its authentication. The Notes shall be in denominations of $2,000 and integral multiples of $1,000 in
excess thereof. 
 (b)    The aggregate principal amount of Notes that may be authenticated and delivered under this
Indenture is unlimited. 
 (c)    The terms and provisions contained in the Notes shall constitute, and are hereby
expressly made, a part of this Indenture, and the Issuer, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision
of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 

(d)    The Notes shall be subject to repurchase by the Issuer pursuant to a Change of Control Offer as provided in
Section 4.15 of this Indenture, and otherwise as not prohibited by this Indenture. The Notes shall not be redeemable, other than as provided in Article 3. 

(e)    Additional Notes ranking pari passu with the Initial Notes may be created and issued from time to time by
the Issuer without notice to or consent of the Holders and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, redemption or otherwise (other than issue date, issue price and, if
applicable, the first Interest Payment Date and the first date from which interest will accrue) as the Initial Notes; provided that if any Additional Notes are not fungible with the Initial Notes for U.S. federal income tax purposes, such
Additional Notes will be issued as a separate series under this Indenture and will have a separate CUSIP number and ISIN from the Initial Notes. Any Additional Notes shall be issued with the benefit of an indenture supplemental to this Indenture.

 Section 2.02    Execution and Authentication. 

(a)    At least one Officer shall execute the Notes on behalf of the Issuer by manual, electronic or facsimile signature.
If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note shall nevertheless be valid. 

(b)    A Note shall not be entitled to any benefit under this Indenture or be valid or obligatory for any purpose until
authenticated substantially in the form of Exhibit A attached hereto by the manual or electronic signature of an authorized signatory of the Trustee. The signature shall be conclusive evidence that the Note has been duly authenticated and
delivered under this Indenture. 
 (c)    The Trustee may appoint an authenticating agent reasonably acceptable to the
Issuer to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the
same rights as an Agent to deal with Holders, the Issuer or an Affiliate of the Issuer. 
 (d)    The Trustee shall
authenticate upon a written order of the Issuer signed by one Officer of the Issuer (an “Authentication Order”) (i) Initial Notes for original issue on the Issue Date in an aggregate principal amount of $300,000,000,
(ii) subject to the terms of this Indenture, Additional Notes and (iii) any Unrestricted Global Notes issued in exchange for any of the foregoing in accordance with this Indenture. Such Authentication Order shall specify the amount of the
Notes to be authenticated, the date on which the original issue of Notes is to be authenticated and whether the Notes are to be Initial Notes, Additional Notes or Unrestricted Global Notes. 

  
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 Section 2.03    Registrar and Paying Agent. 

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

Section 2.04    Paying Agent to Hold Money in Trust. 

The Issuer shall, no later than 11:00 a.m. (New York City time) on each due date for the payment of principal, premium, if any, and interest
on any of the Notes, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held in trust for the Holders entitled to the same, and (unless such Paying Agent is the Trustee) the Issuer shall promptly notify the Trustee of
its action or failure so to act. The Issuer shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by such Paying Agent for the
payment of principal, premium, if any, and interest on the Notes, and shall notify the Trustee of any default by the Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by
it to the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon proper payment over to the Trustee, a Paying Agent shall have no further liability for the money. If the Issuer or a Restricted
Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall
serve as Paying Agent for the Notes. 
 Section 2.05    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 all Holders. If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee in writing at least seven Business Days before each Interest Payment Date and at such other times as the Trustee may request in writing, a list in such form
and as of such date as the Trustee may reasonably require of the names and addresses of the Holders. 
 Section 2.06    Transfer
and Exchange. 
 (a)    The Notes shall be issued in registered form and shall be transferable only upon the
surrender of a Note for registration of transfer and in compliance with Appendix A. 
 (b)    To permit registrations
of transfers and exchanges, the Issuer shall execute and the Trustee shall authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 of this Indenture or at the Registrar’s
request. 
 (c)    No service charge shall be imposed in connection with any registration of transfer or exchange
(other than pursuant to Section 2.07 of this Indenture), but the Holders shall be required to pay any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge
payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 4.15 and 9.05 of this Indenture). 

  
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 (d)    All Global Notes and Definitive Notes issued upon any
registration of transfer or exchange of Global Notes or Definitive Notes shall be the valid obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes
surrendered upon such registration of transfer or exchange. 
 (e)    Neither the Issuer nor the Registrar shall be
required (1) to issue, to register the transfer of or to exchange any Note during a period beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 of this Indenture and ending
at the close of business on the day of selection, (2) to register the transfer of or to exchange any Note so selected for redemption, or tendered for repurchase (and not withdrawn) in connection with a Change of Control Offer, in whole or in
part, except the unredeemed or unpurchased portion of any Note being redeemed or repurchased in part or (3) to register the transfer of or to exchange any Note between a Record Date and the next succeeding Interest Payment Date. 

(f)    Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Issuer may
deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal, premium, if any, and (subject to the Record Date provisions of the Notes) interest on such Notes and
for all other purposes, and none of the Trustee, any Agent or the Issuer shall be affected by notice to the contrary. 

(g)    Upon surrender for registration of transfer of any Note at the office or agency of the Issuer designated pursuant
to Section 4.02 of this Indenture, the Issuer shall execute, and the Trustee shall authenticate and mail, in the name of the designated transferee or transferees, one or more replacement Notes of any authorized denomination or denominations of
a like aggregate principal amount. 
 (h)    At the option of the Holder, Notes may be exchanged for other Notes of any
authorized denomination or denominations of a like aggregate principal amount upon surrender of the Notes to be exchanged at such office or agency. Whenever any Global Notes or Definitive Notes are so surrendered for exchange, the Issuer shall
execute, and the Trustee shall authenticate and mail, the replacement Global Notes and Definitive Notes which the Holder making the exchange is entitled to in accordance with the provisions of Appendix A. 

(i)    All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to
this Section 2.06 to effect a registration of transfer or exchange may be submitted by mail or by facsimile or electronic transmission. 

Section 2.07    Replacement Notes. 

If a mutilated Note is surrendered to the Trustee or if a Holder claims that its Note has been lost, destroyed or wrongfully taken and the
Trustee receives evidence to its satisfaction of the ownership and loss, destruction or theft of such Note, the Issuer shall issue and the Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Note if the Trustee’s
requirements are otherwise met. If required by the Trustee or the Issuer, an indemnity bond must be provided by the Holder that is sufficient in the judgment of the Trustee and the Issuer to protect the Issuer, the Trustee, any Agent and any
authenticating agent from any loss that any of them may suffer if a Note is replaced. The Issuer may charge the Holder for the expenses of the Issuer and the Trustee in replacing a Note. Every replacement Note is a contractual obligation of the
Issuer and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. Notwithstanding the foregoing provisions of this Section 2.07, in case any mutilated, lost, destroyed
or wrongfully taken Note has become or is about to become due and payable, the Issuer in its discretion may, instead of issuing a new Note, pay such Note. 

Section 2.08    Outstanding Notes. 

(a)    The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it,
those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in
Section 2.09 of this Indenture, a Note does not cease to be outstanding because the Issuer or an Affiliate of the Issuer holds the Note. 

  
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 (b)    If a Note is replaced pursuant to Section 2.07 of this
Indenture, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a protected purchaser, as such term is defined in Section 8-303 of the Uniform
Commercial Code in effect in the State of New York. 
 (c)    If the principal amount of any Note is considered paid
under Section 4.01 of this Indenture, it ceases to be outstanding and interest on it ceases to accrue from and after the date of such payment. 

(d)    If a Paying Agent (other than the Issuer, a Restricted Subsidiary or an Affiliate of any thereof) holds, on the
maturity date, any redemption date or any repurchase date, money sufficient to pay Notes payable or to be redeemed or purchased on that date, then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease to
accrue interest. 
 Section 2.09    Treasury Notes. 

In determining whether the Holders of the requisite principal amount of Notes have concurred in any direction, waiver or consent, Notes
beneficially owned by the Issuer, or by any Affiliate of the Issuer, shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or
consent, only Notes that a Responsible Officer of the Trustee knows are so owned shall be so disregarded. Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the
pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not the Issuer or any obligor upon the Notes or any Affiliate of the Issuer or of such other obligor. 

Section 2.10    Temporary Notes. 

Until definitive Notes are ready for delivery, the Issuer may prepare and the Trustee, upon receipt of an Authentication Order, shall
authenticate temporary Notes (“Temporary Notes”). Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Issuer considers appropriate for Temporary Notes and as shall be reasonably
acceptable to the Trustee. Without unreasonable delay, the Issuer shall prepare and the Trustee shall authenticate definitive Notes in exchange for Temporary Notes. Holders and beneficial holders, as the case may be, of Temporary Notes shall be
entitled to all of the benefits accorded to Holders, or beneficial holders, respectively, of Notes under this Indenture. 

Section 2.11    Cancellation. 

The Issuer at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee for
cancellation any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee or, at the direction of the Trustee, the Registrar or the Paying Agent and no one else shall cancel all Notes surrendered for registration of
transfer, exchange, payment, replacement or cancellation and shall destroy cancelled Notes in accordance with its customary procedures (subject to the record retention requirement of the Exchange Act). Certification of the destruction of all
cancelled Notes shall, upon the written request of the Issuer, be delivered to the Issuer. The Issuer may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 

Section 2.12    Defaulted Interest. 

(a)    If the Issuer defaults in a payment of interest on the Notes, it shall pay the defaulted interest in any lawful
manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.01 of this Indenture. The
Issuer shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Issuer shall deposit with the Trustee an amount of money equal to the
aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such 

  
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money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted interest as provided in this Section 2.12. The Trustee shall fix or cause to be fixed each
such special record date and payment date; provided that no such special record date shall be less than ten days prior to the related payment date for such defaulted interest. The Trustee shall promptly notify the Issuer of such special
record date. At least 15 days before the special record date, the Issuer (or, upon the written request of the Issuer, the Trustee in the name and at the expense of the Issuer) shall mail or deliver by electronic transmission in accordance with the
applicable procedures of the Depositary, or cause to be mailed or delivered by electronic transmission in accordance with the applicable procedures of the Depositary to each Holder a notice that states the special record date, the related payment
date and the amount of such interest to be paid. 
 (b)    Subject to the foregoing provisions of this
Section 2.12 and for greater certainty, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue interest,
which were carried by such other Note. 
 Section 2.13    CUSIP and ISIN Numbers 

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

ARTICLE 3 
 REDEMPTION 

Section 3.01    Notices to Trustee. 

If the Issuer elects to redeem Notes pursuant to Section 3.07 of this Indenture, it shall furnish to the Trustee, at least five Business
Days before notice of redemption is required to be mailed or transmitted or caused to be mailed or transmitted to Holders pursuant to Section 3.03 of this Indenture (unless a shorter notice shall be agreed to by the Trustee) but not more than
60 days before a redemption date, an Officers’ Certificate setting forth (a) the paragraph or subparagraph of such Note or Section of this Indenture pursuant to which the redemption shall occur, (b) the redemption date, (c) the
principal amount of the Notes to be redeemed and (d) the redemption price, if then ascertainable. 

Section 3.02    Selection and Notice. 

(a)    If less than all of the Notes are to be redeemed at any time, the Trustee will select Notes for redemption on a pro
rata basis to the extent practicable or by lot, in any case subject to the procedures of DTC. 
 (b)    No Notes of
$2,000 or less can be redeemed in part. Except as otherwise provided herein, in the case of global notes, notices of redemption will be delivered electronically at least ten but not more than 60 days before the redemption date to each Holder of
Notes, except that redemption notices may be delivered more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture. 

(c)    If any Note is to be redeemed in part only, the notice of redemption that relates to that Note will state the
portion of the principal amount of that Note that is to be redeemed. A new Note in principal amount equal to the unredeemed portion of the original Note will be issued in the name of the Holder of that Note upon cancellation of the original Note.
Subject to the terms of the applicable redemption notice (including any conditions contained therein), Notes called for redemption become due on the date fixed for redemption. On and after the redemption date, interest ceases to accrue on Notes or
portions of them called for redemption. 

  
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 Section 3.03    Notice of Redemption. 

(a)    The Issuer shall mail or deliver by electronic transmission in accordance with the applicable procedures of the
Depositary, or cause to be mailed or delivered by electronic transmission in accordance with the applicable procedures of the Depositary, notices of redemption at least ten but not more than 60 days before the redemption date to each Holder of Notes
to be redeemed at its registered address, except that redemption notices may be transmitted more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge. 

(b)    The notice shall identify the Notes to be redeemed (including CUSIP and ISIN number, if applicable) and shall
state: 
 (1)    the redemption date; 

(2)    the redemption price, including the portion thereof representing any accrued and unpaid interest;
provided that in connection with a redemption under Section 3.07(a) of this Indenture, the notice need not set forth the redemption price but only the manner of calculation thereof; 

(3)    if any Note is to be redeemed in part only, the portion of the principal amount of that Note that is
to be redeemed; 
 (4)    the name and address of the Paying Agent; 

(5)    that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption
price; 
 (6)    that, unless the Issuer 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 Notes called for redemption ceases to accrue on and after the redemption date; 

(7)    the paragraph or subparagraph of the Notes or Section of this Indenture pursuant to which the Notes
called for redemption are being redeemed; 
 (8)    that no representation is made as to the correctness
or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the Notes; and 

(9)    if applicable, any condition to such redemption. 

(c)    At the Issuer’s request, the Trustee shall give the notice of redemption in the Issuer’s name and at the
Issuer’s expense; provided that the Issuer shall have delivered to the Trustee, at least five Business Days before notice of redemption is required to be sent or caused to be sent to Holders pursuant to this Section 3.03 (unless a
shorter notice shall be agreed to by the Trustee), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in Section 3.03(b) of this Indenture. 

Section 3.04    Effect of Notice of Redemption. 

Once a notice of redemption is transmitted or mailed in accordance with Section 3.03 of this Indenture, Notes called for redemption
become irrevocably due and payable on the redemption date at the redemption price, except as otherwise set forth in this Section 3.04. Notice of any redemption or purchase of the Notes may, at the Issuer’s discretion, provide that such
redemption or purchase is subject to one or more conditions precedent, including, but not limited to, completion of a corporate transaction such as an Equity Offering, an incurrence of Indebtedness or a Change of Control. If such redemption or
purchase is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and if applicable, shall state that, in the Issuer’s discretion, the redemption or purchase date may be delayed until
such time as any or all such conditions shall be satisfied, or such redemption or purchase may not occur and such notice may be rescinded in the event that any or all such 

  
 30 

 
conditions shall not have been satisfied by the redemption or purchase date, or by the redemption or purchase date as so delayed. In addition, the Issuer may provide in such notice that payment
of the redemption or purchase price and performance of the Issuer’s obligations with respect to such redemption or purchase may be performed by another Person. 

Section 3.05    Deposit of Redemption or Purchase Price. 

(a)    No later than 11:00 a.m. (New York City time) on the redemption or purchase date (or such later time as such date
to which the Trustee may reasonably agree), the Issuer shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued and unpaid interest on all Notes to be redeemed or purchased on
that date. If a Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Holder of record on such Record Date. The Paying Agent shall
promptly mail to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent shall promptly return to the Issuer any money
deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest on, all Notes to be redeemed or purchased. 

(b)    If the Issuer complies with the provisions of Section 3.05(a) of this Indenture, on and after the redemption
or purchase date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any
accrued and unpaid interest to the redemption or purchase date in respect of such Note will be paid on such redemption or purchase date to the Person in whose name such Note is registered at the close of business on such Record Date. If any Note
called for redemption or purchase shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with Section 3.05(a) of this Indenture, interest shall be paid on the unpaid principal, from the
redemption or purchase date until such principal is paid, and, to the extent lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Notes and in
Section 4.01 of this Indenture. 
 Section 3.06    Notes Redeemed or Purchased in Part. 

Upon surrender of a Note that is redeemed or purchased in part, the Issuer shall issue and, upon receipt of an Authentication Order, the
Trustee shall promptly authenticate and mail to the Holder (or cause to be transferred by book entry) at the expense of the Issuer a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered representing the
same Indebtedness to the extent not redeemed or purchased; provided that each new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 

Section 3.07    Optional Redemption. 

(a)    At any time prior to September 1, 2024, the Issuer may on any one or more occasions redeem up to 40% of the
aggregate principal amount of Notes issued under this Indenture at a redemption price of 104.000% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, with the net cash proceeds of one or
more Equity Offerings; provided that (1) at least 50% of the aggregate principal amount of Notes originally issued under this Indenture remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the
Issuer and its Subsidiaries); and (2) the redemption occurs within 180 days of the date of the closing of such Equity Offering. 

(b)    On or after September 1, 2024, the Issuer may redeem all or a part of the Notes at the redemption prices
(expressed as percentages of principal amount) set forth below plus accrued and unpaid interest, if any, to, but excluding, the redemption date, if redeemed during the 12-month period beginning on
September 1 of 

  
 31 

 
the years indicated, subject to the rights of Holders of Notes on any relevant record date to receive interest due on the relevant Interest Payment Date: 

 

					
	 Year
	  	Percentage	 
	 2024
	  	 	102.000	% 
	 2025
	  	 	101.000	% 
	 2026 and thereafter
	  	 	100.000	% 

 (c)    At any time prior to September 1, 2024, the Issuer may redeem all or a part
of the Notes at a redemption price equal to 100% of the principal amount of Notes redeemed plus the Applicable Premium as of the date of redemption, and accrued and unpaid interest thereon, if any, to, but excluding, the redemption date
subject to the rights of Holders of Notes on any relevant record date to receive interest due on the relevant interest payment date. 

(d)    Unless the Issuer defaults in the payment of the redemption price, interest will cease to accrue on the Notes or
portions thereof called for redemption on the applicable redemption date. 
 (e)    Any redemption pursuant to this
Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06 of this Indenture. 

(f)    Notwithstanding the foregoing, in connection with any tender offer for the Notes, including a Change of Control
Offer, if Holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in such tender offer and the Issuer, or any third party making such a tender offer in lieu of the Issuer,
purchases all of the Notes validly tendered and not withdrawn by such Holders, the Issuer or such third party will have the right upon not less than ten nor more than 60 days’ prior notice, given not more than 30 days following such purchase
date, to redeem all Notes that remain outstanding following such purchase at a redemption price equal to the price offered to each other Holder (excluding any early tender or incentive fee) in such tender offer plus, to the extent not included in
the tender offer payment, accrued and unpaid interest, if any, thereon, to, but excluding, the date of such redemption. 

Section 3.08    Mandatory Redemption. 

The Issuer is not required to make mandatory redemption or sinking fund payments with respect to the Notes except as set forth in
Section 4.15 of this Indenture. 
 ARTICLE 4 

COVENANTS 

Section 4.01    Payment of Notes. 

(a)    The Issuer shall pay or cause to be paid the principal of, premium, if any, and interest on the Notes on the dates
and in the manner provided in the Notes. Principal, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Issuer or a Restricted Subsidiary thereof, holds on the due date money deposited by or
on behalf of the Issuer in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 

(b)    The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on
overdue principal and premium, if any, at the rate equal to the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful. 

Section 4.02    Maintenance of Office or Agency. 

(a)    The Issuer shall maintain in the Borough of Manhattan, the City of New York, an office or agency (which may be an
office of the Trustee or an affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the

  
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Issuer and the Guarantors in respect of the Notes and this Indenture may be served. The Issuer shall give prompt written notice to the Trustee of the location, and any change in the location, of
such office or agency. If at any time the Issuer fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Trustee. 
 (b)    The Issuer may also from time to time designate one or more other
offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the
Issuer of its obligation to maintain an office or agency in the Borough of Manhattan, the City of New York for such purposes. The Issuer shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the
location of any such other office or agency. 
 (c)    The Issuer hereby designates the Corporate Trust Office of the
Trustee as one such office or agency of the Issuer in accordance with Section 2.03 of this Indenture. 

Section 4.03    Taxes. 

Parent shall pay, and shall cause each of its Restricted Subsidiaries to pay, prior to delinquency, all material taxes, assessments and
governmental levies except (a) such as are being contested in good faith and by appropriate negotiations or proceedings or (b) where the failure to effect such payment is not adverse in any material respect to the Holders. 

Section 4.04    Reports. 

(a)    So long as required by the Commission, so long as any Notes are outstanding, if not filed electronically with the
Commission through the Commission’s Electronic Data Gathering, Analysis, and Retrieval System (or any successor system), Parent will furnish to the Trustee and the Holders, without cost to the Trustee, copies of the annual reports, information,
documents and other reports that Parent may be required to file with the Commission pursuant to such Section 13(a) or 15(d) of the Exchange Act or, if Parent is not required to file information, documents or reports pursuant to either of these
Sections, then Parent will file with the Trustee and the Commission, in accordance with the rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be
required pursuant to Section 13 of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations. 

(b)    Notwithstanding the foregoing, this Section 4.04 does not require any such reports to include information
required under Rule 3-10 or 3-16 of Regulation S-X (or any equivalent or successor provisions), Items 2.02 or 2.03 or Sections 3,
5 (except Item 5.01 and 5.02(b) and (c)) or 9 of Form 8-K (or any equivalent or successor provisions) or separate financial statements of Guarantors or the filing or provision of proxy statements or exhibits.

 (c)    To the extent any such information is not so filed or furnished, as applicable, within the time periods
specified above and such information is subsequently filed or furnished, as applicable, the Issuer will be deemed to have satisfied its obligations with respect thereto at such time and any Default or Event of Default with respect thereto shall be
deemed to have been cured; provided that such cure shall not otherwise affect the rights of the Holders under Section 6.01 hereof if Holders of at least 25% in principal amount of the then total outstanding Notes have declared the
principal, premium, if any, interest and any other monetary obligations on all the then-outstanding Notes to be due and payable immediately and such declaration shall not have been rescinded or cancelled prior to such cure. 

(d)    In addition, if at any time any direct or indirect parent company (other than Parent) becomes a Guarantor (there
being no obligation of any such parent company to do so), holds no material assets other than cash, Cash Equivalents and the Capital Stock of the Issuer or any other direct or indirect parent of the Issuer (and performs the related incidental
activities associated with such ownership) and complies with the requirements 

  
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of Rule 3-10 of Regulation S-X promulgated by the Commission (or any successor provision, including, for the
avoidance of doubt, Rules 13-01 and 13-02 of Regulation S-X promulgated by the Commission), the reports, information and other
documents required to be filed and furnished to Holders of the Notes pursuant to this covenant may, at the option of the Issuer, be filed by and be those of such parent company rather than the Issuer; provided that the same are accompanied by
consolidating information as required by Rule 3-10 of Regulation S-X (or any successor provision, including, for the avoidance of doubt, Rules 13-01 and 13-02 of Regulation S-X promulgated by the Commission) that explains in reasonable detail the differences between the
information relating to Parent and such other parent, on the one hand, and the information relating to the Issuer and its Restricted Subsidiaries on a standalone basis, on the other hand. For the avoidance of doubt, if Parent has made available
through the Commission’s Electronic Data Gathering, Analysis, and Retrieval System (or any successor system) the reports, information and other documents required to be filed and furnished to Holders of Notes pursuant to this covenant, the
Issuer shall be deemed to be in compliance with the provisions of this Section 4.04. 
 (e)    Delivery of the
information, documents and other reports described above to the Trustee is for informational purposes only, and the Trustee’s receipt of such shall not constitute constructive or actual notice of any information contained therein or
determinable from information contained therein, including the Issuer’s compliance with any of its covenants under this Indenture (as to which the Trustee is entitled to conclusively rely on an Officers’ Certificate). The Trustee shall
have no obligation to determine whether or not such information, documents or reports have been filed with the Commission. 

Section 4.05    Compliance Certificate. 

(a)    The Issuer shall deliver to the Trustee, within 120 days after the end of each fiscal year of Parent, an
Officers’ Certificate stating that a review of the activities of Parent and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Issuer has kept,
observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to his or her knowledge the Issuer is not in default in the performance or observance of any of the
terms, provisions and conditions of this Indenture (or, if a Default or Event of Default has occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Issuer is taking or proposes to take
with respect thereto). 
 (b)    So long as any of the Notes are outstanding, the Issuer shall deliver to the Trustee,
within 30 days upon any Officer becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Issuer is taking or proposes to take with respect thereto. 

Section 4.06    Stay, Extension and Usury Laws. 

The Issuer and each of the Guarantors covenant (to the extent that they may lawfully do so) that they shall not at any time insist upon,
plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the
Issuer and each of the Guarantors (to the extent that they may lawfully do so) hereby expressly waive all benefit or advantage of any such law, and covenant that they shall not, by resort to any such law, 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 has been enacted. 

Section 4.07    Incurrence of Non-Guarantor Indebtedness and Issuance of Non-Guarantor Preferred Stock  
 (a)    Parent shall not permit any of its
Restricted Subsidiaries that are not Guarantors (other than the Issuer) to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively
“incur”) any Non-Guarantor Indebtedness (including Acquired Debt) and shall not permit any of its Restricted Subsidiaries that are not Guarantors to issue any shares of Preferred Stock
(“Non-Guarantor Preferred Stock”); provided, however, that any Restricted Subsidiary that is not a Guarantor may incur Non-Guarantor
Indebtedness (including Acquired Debt) and issue Non-Guarantor Preferred Stock if after giving pro forma effect thereto (including the application of proceeds therefrom), the then outstanding aggregate
principal amount of Non-Guarantor Indebtedness does not exceed an amount equal to the greater of (a) $2,000.0 million and (b) 3.00 multiplied by the aggregate amount of EBITDA for the then most
recent four full fiscal quarters for which internal financial statements of Parent and its Restricted Subsidiaries are available. 

  
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 (b)    The foregoing restriction shall not apply to the following
items: 
 (1)    any Indebtedness of any Restricted Subsidiaries in existence on the Issue Date; 

(2)    any Indebtedness of a Person existing at the time such Person is merged into or consolidated with or otherwise
acquired by any Restricted Subsidiary or at the time of a sale, lease or other disposition of the properties and assets of such Person (or a division thereof) as an entirety or substantially as an entirety to any Restricted Subsidiary and is assumed
by such Restricted Subsidiary; provided that such Indebtedness was not incurred in contemplation thereof and is not guaranteed by any other Restricted Subsidiary (other than any guarantee existing at the time of such merger, consolidation or
sale, lease or other disposition of properties and assets and that was not issued in contemplation thereof); 

(3)    any Indebtedness of a Person existing at the time such Person becomes a Subsidiary of the Issuer; provided
that such Indebtedness was not incurred in contemplation thereof; 
 (4)    Indebtedness incurred by any Restricted
Subsidiary constituting reimbursement obligations with respect to letters of credit issued in the ordinary course of business, including without limitation (A) letters of credit in respect of workers’ compensation claims, health,
disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims, (B) letters of credit in the
nature of security deposit (or similar deposit or security) given to a lessor under an operating lease of real property under which such Person is a lessee, or (C) letters of credit in respect of other operating purposes, including customer or
vendor obligations; provided, however, that upon the drawing of such letters of credit or the incurrence of such Indebtedness, such obligations are reimbursed within 45 days following such drawing or incurrence; 

(5)    Indebtedness arising from agreements of a Restricted Subsidiary providing for indemnification, adjustment of
purchase price, earn-outs or similar obligations, in each case, incurred or assumed in connection with the disposition or acquisition of any business, assets or a Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all
or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; provided, however, that (A) such Indebtedness is not reflected on the balance sheet (other than by application of ASC 460-10 as a result of an amendment to an obligation in existence on the Issue Date) of such Restricted Subsidiary (contingent obligations referred to in a footnote to financial statements and not otherwise reflected
on the balance sheet will not be deemed to be reflected on such balance sheet for purposes of this clause (5)) and (B) in the case of a disposition, the maximum assumable liability in respect of all such Indebtedness shall at no time exceed the
gross proceeds, including non-cash proceeds (the fair market value of such non-cash proceeds being measured at the time received and without giving effect to any
subsequent changes in value), actually received by any Restricted Subsidiaries in connection with such disposition; 

(6)    Indebtedness of a Restricted Subsidiary owed to and held by Parent or any other Restricted Subsidiary;
provided, however, that any subsequent issuance or transfer of any Capital Stock or any other event that results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any subsequent transfer of any such Indebtedness
(except to Parent or a Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien) shall be deemed, in each case, to constitute the incurrence of such Indebtedness not permitted by this clause (6); 

(7)    shares of Preferred Stock of a Restricted Subsidiary issued to Parent or a Restricted Subsidiary; provided
that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of Preferred Stock (except to
Parent or a Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of Preferred Stock not permitted by this clause (7); 

  
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 (8)    Hedging Obligations and/or Cash Management Obligations of any
Restricted Subsidiary (excluding Hedging Obligations entered into for speculative purposes); 
 (9)    obligations in
respect of customs, stay, bid, appeal, performance and surety bonds, appeal bonds and other similar types of bonds and performance and completion guarantees and other obligations of a like nature provided by any Restricted Subsidiary or obligations
in respect of letters of credit related thereto, in each case in the ordinary course of business or consistent with past practice; 

(10)    (x) any guarantee by a Restricted Subsidiary of Indebtedness or other obligations of any Restricted Subsidiary so
long as the incurrence of such Indebtedness or other obligations incurred by such Restricted Subsidiary is permitted under the terms of this Indenture, and (y) any guarantee by a Restricted Subsidiary of Indebtedness or other obligations of the
Issuer or Parent incurred in accordance with the terms of this Indenture; 
 (11)    any extension, renewal,
replacement, refinancing or refunding of any Indebtedness existing on the Issue Date or referred to in clauses (1), (2) and (3); provided that any Indebtedness incurred to so extend, renew, replace, refinance or refund shall be incurred
within 360 days of the maturity, retirement or other repayment or prepayment of the Indebtedness referred to in this clause or clauses (1), (2) and (3) above and the principal amount of the Indebtedness incurred to so extend, renew, replace,
refinance or refund shall not exceed the principal amount of Indebtedness being extended, renewed, replaced, refinanced or refunded plus any premium or fee (including tender premiums); 

(12)    cash management obligations and Indebtedness in respect of netting services, overdraft facilities, employee
credit card programs, Cash Pooling Arrangements or similar arrangements in connection with cash management and deposit accounts; provided that, with respect to any Cash Pooling Arrangements, the total amount of all deposits subject to any
such Cash Pooling Arrangement at all times equals or exceeds the total amount of overdrafts that may be subject to such Cash Pooling Arrangements; 

(13)    Indebtedness representing deferred compensation to employees of Parent or any Restricted Subsidiary incurred in
the ordinary course of business; 
 (14)    Indebtedness arising from the honoring by a bank or 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 two Business Days of its incurrence; 

(15)    Indebtedness incurred pursuant to receivables facilities; 

(16)    Indebtedness and obligations in respect of self-insurance and obligations in respect of bids, tenders, trade
contracts (other than for payment of Indebtedness), leases (other than Capital Lease Obligations), public or statutory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature and similar
obligations or obligations in respect of letters of credit, bank guarantees or similar instruments related thereto, in each case provided in the ordinary course of business; 

(17)    (A) Indebtedness incurred to finance the acquisition, construction, repair, replacement or improvement of any
fixed or capital assets, including Capital Lease Obligations, purchase money Indebtedness and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof;
provided that such Indebtedness is incurred prior to or within 270 days after such acquisition or the completion of such construction, repair, replacement or improvement, and (B) refinancing indebtedness in respect of Indebtedness incurred or
assumed pursuant to clause (A) above; 
 (18)    Indebtedness consisting of (A) the financing of insurance
premiums or (B) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business; 

(19)    Indebtedness constituting secured supply chain financing obligations; 

  
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 (20)    Indebtedness in connection with bankers’ acceptances,
discounted bills of exchange or the discounting or factoring of receivables for credit management purposes, in each case incurred or undertaken in the ordinary course of business on arm’s length commercial terms on a non-recourse basis; 
 (21)    (x) Indebtedness to pay the deferred purchase price of
goods or services or progress payments in connection with such goods and services; provided that such obligations are incurred in connection with open accounts extended by suppliers on customary trade terms in the ordinary course of business and not
in connection with the borrowing of money and (y) Indebtedness in respect of intercompany obligations in respect of accounts payable incurred in connection with goods sold or services rendered in the ordinary course of business and not in
connection with the borrowing of money; 
 (22)    Indebtedness to a customer to finance the acquisition of any
equipment necessary to perform services for such customer; provided that the terms of such Indebtedness are consistent with those entered into with respect to similar Indebtedness prior to the Issue Date, including that (x) the repayment of
such Indebtedness is conditional upon such customer ordering a specific volume of goods and (y) such Indebtedness does not bear interest or provide for scheduled amortization or maturity; 

(23)    (x) tenant improvement loans and allowances in the ordinary course of business and (y) to the extent
constituting Indebtedness, guaranties in the ordinary course of business of the obligations of suppliers, customers, franchisees, lessors and licensees of Parent and any Restricted Subsidiary; 

(24)    Indebtedness in respect of letters of credit and letters of credit facilities; and 

(25)    all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or
contingent interest on obligations described in clauses (1) through (24) above. 
 (c)    For purposes of
determining compliance with any U.S. dollar restriction on the incurrence of Indebtedness where the Indebtedness incurred is denominated in a different currency, the amount of such Indebtedness will be the U.S. Dollar Equivalent determined on
the date of the incurrence of such Indebtedness; provided, however, that if any such Indebtedness denominated in a different currency is subject to a currency agreement with respect to U.S. dollars covering all principal, premium, if
any, and interest payable on such Indebtedness, the amount of such Indebtedness expressed in U.S. dollars will be as provided in such currency agreement. The principal amount of any refinancing Indebtedness incurred in the same currency as the
Indebtedness being refinanced will be the U.S. Dollar Equivalent of the Indebtedness being refinanced, except to the extent that (1) such U.S. Dollar Equivalent was determined based on a currency agreement, in which case the
refinancing Indebtedness will be determined in accordance with the preceding sentence, and (2) the principal amount of the refinancing Indebtedness exceeds the principal amount of the Indebtedness being refinanced, in which case the
U.S. Dollar Equivalent of such excess will be determined on the date such refinancing Indebtedness is incurred. The maximum amount of Indebtedness that the Restricted Subsidiaries may incur pursuant to this covenant shall not be deemed to be
exceeded, with respect to any outstanding Indebtedness, solely as a result of fluctuations in the exchange rate of currencies. 

Section 4.08    Liens. 

(a)    Parent will not, and will not permit any of the Restricted Subsidiaries (including the Issuer) to, directly or
indirectly, create, incur, assume or suffer to exist any Lien (except Permitted Liens) on any Principal Property of Parent or such Restricted Subsidiary securing Indebtedness unless the Notes are equally and ratably secured with (or on a senior
basis to, in the case of obligations subordinated in right of payment to the Notes) the obligations so secured until such time as such obligations are no longer secured by a Lien. The preceding sentence will not require Parent or any Restricted
Subsidiary (including the Issuer) to secure the Notes if the Lien consists of a Permitted Lien. Any Lien created for the benefit of the Holders of the Notes pursuant to the preceding paragraph shall provide by its terms that such Lien shall be
automatically and unconditionally released and discharged upon the release and discharge of the initial Lien that gave rise to the obligation to so secure the Notes. 

  
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 Section 4.09    Sale and Lease-back Transactions. 

Parent will not and will not permit any Restricted Subsidiary (including the Issuer) to, enter into any Sale and Lease-Back Transaction with
respect to any Principal Property with another Person (other than with Parent or any Restricted Subsidiary) unless either: 

(a)    Parent or such Restricted Subsidiary could incur Indebtedness secured by a Lien on the property to be leased in an
amount at least equal to the Attributable Value of such Sale and Lease-Back Transaction without equally and ratably securing the Notes; or 

(b)    within 270 days the Issuer applies the greater of the net proceeds of the sale of the leased property or the fair
value of the leased property, net of all Notes delivered under this Indenture, to the voluntary retirement of debt for borrowed money and/or the acquisition or construction of any Principal Property. 

Section 4.10    [Reserved]. 

Section 4.11    [Reserved]. 

Section 4.12    [Reserved]. 

Section 4.13    [Reserved].  

Section 4.14    Corporate Existence.  

Subject to Article 5, the Issuer shall do or cause to be done all things necessary to preserve and keep in full force and effect (1) its
corporate existence and the corporate, partnership, limited liability company or other existence of each of its Restricted Subsidiaries and Parent, in accordance with the respective organizational documents (as the same may be amended from time to
time) of the Issuer, any such Restricted Subsidiary or Parent and (2) the rights (charter and statutory), licenses and franchises of the Issuer and its Restricted Subsidiaries or Parent; provided that the Issuer shall not be required to
preserve any such right, license or franchise, or the corporate, partnership, limited liability company or other existence of any of its Restricted Subsidiaries or Parent, if the Issuer in good faith shall determine that the preservation thereof is
no longer desirable in the conduct of the business of the Issuer, Parent and their respective Restricted Subsidiaries, taken as a whole. 

Section 4.15    Offer to Repurchase Upon a Change of Control Triggering Event. 

(a)    If a Change of Control Triggering Event occurs, unless the Issuer at such time has given notice of redemption under
Section 3.07 of this Indenture, each Holder will have the right to require the Issuer to repurchase all or any part (equal to $2,000 or integral multiples of $1,000 in excess thereof) of that Holder’s Notes pursuant to an offer made by the
Issuer (the “Change of Control Offer”). In the Change of Control Offer, the Issuer will offer a payment (a “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of the Notes
repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but excluding, the purchase date. Within 30 days following any Change of Control Triggering Event, unless the Issuer at such time has given notice of
redemption under Section 3.07 of this Indenture with respect to all outstanding Notes, or, at the Issuer’s option and as set forth below, in advance of a Change of Control Triggering Event, the Issuer will mil or electronically deliver a
notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase Notes on the date of such Change of Control Payment specified in the
notice, which date will be no earlier than 10 days and no later than 60 days from the date such notice is mailed or electronically delivered (the “Change of Control Payment Date”), pursuant to the procedures required by this
Indenture and described in such notice. The Issuer will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and
regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Triggering
Event provisions of this Indenture, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 4.15 by virtue of such compliance. 

  
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 (b)    On the Change of Control Payment Date, the Issuer will, to the
extent lawful: 
 (1)    accept for payment all Notes or portions of Notes properly tendered pursuant to
the Change of Control Offer; 
 (2)    deposit with the Paying Agent an amount equal to the Change of
Control Payment in respect of all Notes or portions of Notes properly tendered; and 
 (3)    deliver or
cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Issuer. 

The Paying Agent will promptly mail or delivery by electronic means (in the case of Global Notes) to each Holder properly tendered the Change
of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any;
provided that each new Note will be in a minimum principal amount of $2,000 or integral multiples of $1,000 in excess thereof. The Issuer will publicly announce the results of the Change of Control Offer on or as soon as practicable after the
Change of Control Payment Date. 
 (c)    The provisions described above in clauses (a) through (b) of this
Section 4.15 that require the Issuer to make a Change of Control Offer following a Change of Control Triggering Event will be applicable whether or not any other provisions of this Indenture are applicable. Except as described above with
respect to a Change of Control Triggering Event, this Indenture does not contain provisions that permit the Holders to require that the Issuer repurchase or redeem the Notes in the event of a takeover, recapitalization or similar transaction. 

(d)     Notwithstanding anything to the contrary in this Section 4.15, the Issuer will not be required to make a
Change of Control Offer upon a Change of Control Triggering Event if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a
Change of Control Offer made by the Issuer and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer or (2) notice of redemption has been given pursuant to this Indenture in respect of all Notes pursuant to
Section 3.07 of this Indenture, unless and until there is a Default in payment of the applicable redemption price. 

(e)    A Change of Control Offer may be made in advance of and conditioned on the occurrence of a Change of Control
Triggering Event if there is a definitive agreement in place to consummate a transaction that would constitute a Change of Control if consummated at the time such Change of Control Offer is made. 

Section 4.16    [Reserved]. 

Section 4.17    Additional Guarantees.  

(a)    Parent shall cause (i) each of its Domestic Subsidiaries (other than any Unrestricted Subsidiary and the
Issuer) that incurs any Indebtedness in excess of $50.0 million (other than Indebtedness permitted to be incurred pursuant to Section 4.07(b) hereof) and (ii) each Restricted Subsidiary that is a Domestic Subsidiary that becomes a
guarantor with respect to the Senior Credit Facilities, in each case, within ten Business Days of becoming such a guarantor with respect to the Senior Credit Facilities, to execute and deliver to the Trustee a Guarantee (including a supplemental
indenture substantially in the form of Exhibit C), together with an Opinion of Counsel, pursuant to which such Restricted Subsidiary will unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of,
premium, if any and interest on the Notes and all other obligations under this Indenture on the same terms and conditions as those set forth in this Indenture. 

  
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 ARTICLE 5 

SUCCESSORS 

Section 5.01    Merger, Consolidation or Sale of Assets. 

(a)     The Issuer may not, directly or indirectly: (1) consolidate or merge with or into another Person (whether or not the Issuer is
the surviving corporation); or (2) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties or assets of the Issuer and its Restricted Subsidiaries, taken as a whole, in one or more related
transactions, to another Person; unless: 
 (1)(A) the Issuer is the surviving corporation; or (B) the Person formed by or surviving
any such consolidation or merger (if other than the Issuer) or to which such sale, assignment, transfer, conveyance, lease or other disposition has been made is a corporation or limited liability company organized or existing under the laws of the
United States, any state of the United States, the District of Columbia or any territory thereof (the Issuer or such Person, including the Person to which such sale, assignment, transfer, conveyance, lease or other disposition has been made, as the
case may be, being herein called the “Successor Company”); 
 (2) the Successor Company (if other than the Issuer) assumes all the
obligations of the Issuer under the Notes and this Indenture pursuant to agreements reasonably satisfactory to the Trustee; 
 (3)
immediately after such transaction, no Event of Default exists; and 
 (4) each Guarantor (except if it is the other party to the
transactions described above in which case clause (2) above shall apply) shall have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under the Notes and this Indenture. 

Notwithstanding the foregoing, (i) clauses (3) and (4) above will not be applicable to: (1) any Restricted Subsidiary
consolidating with, merging into or selling, assigning, transferring, conveying, leasing or otherwise disposing of all or part of its properties and assets to the Issuer or to another Guarantor; and (2) the Issuer merging with an Affiliate
solely for the purpose of reincorporating the Issuer, as the case may be, in another jurisdiction; and (ii) any Foreign Subsidiary may consolidate with or merge into or transfer all or part of its properties and assets to any other Foreign
Subsidiary; provided that if the Foreign Subsidiary so consolidating, merging or transferring all or part of its properties and assets is a Foreign Subsidiary that is a Guarantor, such Foreign Subsidiary shall, substantially simultaneously
with such merger, transfer or disposition, terminate its Guarantee and otherwise be in compliance with the terms of this Indenture. 
 (b)
Subject to Section 10.05 of this Indenture, each Subsidiary Guarantor will not, and Parent will not permit such Subsidiary Guarantor to, (1) consolidate or merge with or into another Person (whether or not such Subsidiary Guarantor is the
surviving Person); or (2) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of its properties or assets; unless: 

(1)(A) such Subsidiary Guarantor is the surviving corporation; or (B) the Person formed by or surviving any such consolidation or merger
(if other than such Subsidiary Guarantor) or to which such sale, assignment, transfer, conveyance, lease or other disposition has been made is a corporation or limited liability company organized or existing under the laws of the United States, any
state of the United States or the District of Columbia or any territory thereof (such Subsidiary Guarantor or such Person, including the Person to which such sale, assignment, transfer, conveyance, lease or other disposition has been made, as the
case may be, being herein called the “Successor Guarantor”); 
 (2) the Successor Guarantor (if other than such Subsidiary
Guarantor) assumes all the obligations of such Subsidiary Guarantor under any applicable Guarantees and this Indenture pursuant to a supplemental indenture satisfactory to the Trustee; and 

(3) immediately after such transaction, no Event of Default exists. 

  
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 Notwithstanding the foregoing, any Subsidiary Guarantor may (1) consolidate with, merge
into or sell, assign, transfer, convey, lease or otherwise dispose of all or part of its properties and assets to another Subsidiary Guarantor or (2) dissolve, liquidate or windup its affairs if at that time it does not hold any material
assets. 
 (c) Parent will not (1) consolidate or merge with or into another Person (whether or not Parent is the surviving
corporation); or (2) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of its properties or assets; unless: 

(1)    (A) Parent is the surviving corporation; or (B) the Person formed by or surviving any such
consolidation or merger (if other than Parent) or to which such sale, assignment, transfer, conveyance, lease or other disposition has been made is a corporation or limited liability company organized or existing under the laws of the United States,
any state of the United States or the District of Columbia or any territory thereof (Parent or such Person, including the Person to which such sale, assignment, transfer, conveyance, lease or other disposition has been made, as the case may be,
being herein called the “Successor Parent Guarantor”); 
 (2)    the Successor Parent Guarantor
(if other than Parent) assumes all the obligations of the Guarantor under each Guarantee to which such Guarantor is a party and this Indenture pursuant to a supplemental indenture reasonably satisfactory to the Trustee; and 

(3)    immediately after such transaction, no Event of Default exists. 

Notwithstanding the foregoing, Parent may consolidate with, merge into or sell, assign, transfer, convey, lease or otherwise dispose of all or
part of its properties and assets to the Issuer or to another Subsidiary Guarantor. 
 (d) For purposes of this Section 5.01, the sale,
lease, conveyance, assignment, transfer or other disposition of all or substantially all of the properties and assets of one or more Restricted Subsidiaries of the Issuer, which properties and assets, if held by the Issuer instead of such Restricted
Subsidiaries, would constitute all or substantially all of the properties and assets of the Issuer on a consolidated basis, shall be deemed to be the sale, lease, conveyance, assignment, transfer or other disposition of all or substantially all of
the properties and assets of the Issuer. 
 Section 5.02    Successor Entity Substituted.  

Upon any consolidation, merger, sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the assets of
the Issuer or any of the Guarantors in accordance with Section 5.01 of this Indenture, the Issuer and a Guarantor, as the case may be, will be released from its obligations under this Indenture and the Notes or its Guarantee, as the case may
be, and the successor Issuer and the successor Guarantor, as the case may be, will succeed to, and be substituted for, and may exercise every right and power of, the Issuer or a Guarantor, as the case may be, under this Indenture, the Notes and such
Guarantee; provided that, in the case of a lease of all or substantially all its assets, the Issuer will not be released from the obligation to pay the principal of and interest on the Notes and a Guarantor will not be released from its
obligations under its Guarantee. 
 ARTICLE 6 

DEFAULTS AND REMEDIES 

Section 6.01    Events of Default and Remedies. 

The following are each an “Event of Default” under this Indenture: 

(1)    the Issuer defaults in payment when due and payable, upon redemption, acceleration or otherwise, of
principal of, or premium, if any, on the Notes; 
 (2)    the Issuer defaults in the payment when due of
interest on or with respect to the Notes and such default continues for a period of 30 days; 

  
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 (3)    Parent or the Issuer defaults in the performance
of, or breach any covenant, warranty or other agreement contained in, this Indenture (other than a default in the performance or breach of a covenant, warranty or agreement which is specifically dealt with in clauses (1) or (2) above) and such
default or breach continues for a period of 60 days after the notice specified below or 90 days with respect Section 4.04 hereof; 

(4)    a default under any mortgage, indenture or instrument under which there is issued or by which there
is secured or evidenced any Indebtedness for money borrowed by Parent or any Restricted Subsidiary or the payment of which is guaranteed by Parent or any Restricted Subsidiary (other than Indebtedness owed to Parent or a Restricted Subsidiary), if
(A) such default either (1) results from the failure to pay any principal and accrued and unpaid interest, if any, on such Indebtedness at its stated final maturity (after giving effect to any applicable grace periods) or (2) relates
to an obligation other than the obligation to pay principal and accrued and unpaid interest, if any, on any such Indebtedness at its stated final maturity and results in the holder or holders of such Indebtedness causing such Indebtedness to become
due prior to its maturity date and (B) the principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in default for failure to pay principal at stated final maturity (after giving effect to any
applicable grace periods), or the maturity of which has been so accelerated, aggregates in excess of $70.0 million (or its foreign currency equivalent) or more at any one time outstanding; 

(5)    Parent, the Issuer or any Restricted Subsidiary that is a Significant Subsidiary of Parent pursuant
to or within the meaning of Bankruptcy Law: 
 (A)    commences a voluntary case, 

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

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

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

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

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

(A)    is for relief against Parent, the Issuer or any of Parent’s Restricted Subsidiaries that is a
Significant Subsidiary of Parent in an involuntary case; 
 (B)    appoints a custodian of Parent, the
Issuer or any of Parent’s Restricted Subsidiaries that is a Significant Subsidiary of Parent for all or substantially all of the property of Parent, the Issuer or any of Parent’s Restricted Subsidiaries that is a Significant Subsidiary of
Parent; or 
 (C)    orders the liquidation of Parent, the Issuer or any of the Parent’s Restricted
Subsidiaries that is a Significant Subsidiary of Parent; and 
 (D)    and the order or decree remains
unstayed and in effect for 60 consecutive days; 
 (7)    the failure by Parent, the Issuer or any
Significant Subsidiary to pay final judgments aggregating in excess of $70.0 million (other than any judgments covered by indemnities or insurance policies issued by reputable and creditworthy companies and as to which liability coverage has
not been denied by the insurance company or indemnifying party), which final judgments remain unpaid, undischarged and unstayed for a period of more than 60 days after the applicable judgment becomes final and nonappealable; or 

(8)    the Guarantee of Parent or a Significant Subsidiary that is a Guarantor ceases to be in full force
and effect (except as contemplated by the terms hereof) or Parent or any Guarantor denies or disaffirms its obligations under any Indenture or Guarantee, other than by reason of the release of the Guarantee in accordance with the terms of any
Indenture. 

  
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 Section 6.02    Acceleration. 

(a)    If an Event of Default (other than an Event of Default specified in clause (5) or (6) above with respect to
Parent or the Issuer) shall occur and be continuing, the Trustee acting at the written direction of the Holders of at least 25% in aggregate principal amount of the outstanding Notes under this Indenture may declare the principal of the Notes and
any accrued interest on the Notes to be due and payable by notice in writing to the Issuer and the Trustee specifying the respective Event of Default and that it is a “notice of acceleration,” and the same shall become immediately due and
payable. 
 (b)    Upon such declaration of acceleration, the aggregate principal amount of, and accrued and unpaid
interest, if any, on all of the outstanding Notes shall ipso facto become and be immediately due and payable in cash without any declaration or other act on the part of the Trustee or any Holder of the Notes. After such acceleration, but before a
judgment or decree based on acceleration, the Holders of a majority in aggregate principal amount of such outstanding Notes may, under certain circumstances, rescind and annul such acceleration if all Events of Default, other than the nonpayment of
accelerated principal of or interest on such Notes, have been cured or waived as provided in this Indenture. 

(c)    The Holders of a majority in principal amount of the outstanding Notes may rescind and cancel such declaration and
its consequences: 
 (1)    if the rescission would not conflict with any judgment or decree; 

(2)    if all existing Events of Default have been cured or waived except nonpayment of principal or
interest that has become due solely because of the acceleration; 
 (3)    to the extent the payment of
such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid; 

(4)    if the Issuer have paid the Trustee its reasonable compensation and reimbursed the Trustee for its
expenses, disbursements and advances; and 
 (5)    in the event of the cure or waiver of an Event of
Default of the type described in Section 6.01(5) or 6.01(6) hereof, the Trustee shall have received an Officers’ Certificate and an Opinion of Counsel that such Event of Default has been cured or waived. 

(d)    No such rescission shall affect any subsequent Default or impair any right consequent thereto. 

Section 6.03    Other Remedies. 

(a)    If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment
of principal, premium, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

(b)    The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them
in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All
remedies are cumulative to the extent permitted by law. 

  
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 Section 6.04    Waiver of Past Defaults. 

(a)    The Holders of a majority in principal amount of the Notes issued and then outstanding under this Indenture may
waive any existing Default or Event of Default under this Indenture, and its consequences, except a default in the payment of the principal of or interest on such Notes. 

(b)    In the event of any Event of Default specified in Section 6.01(4) hereof, such Event of Default and all
consequences thereof (excluding, however, any resulting payment default) will be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders of the Notes, if within 30 days after such Event of Default arose
Parent or the Issuer deliver 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, (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 Notes as described above be annulled, waived or rescinded upon the happening of any such events. 

Section 6.05    Control by Majority. 

Holders of a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for
exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial
to the rights of other Holders or that may cause the Trustee to incur liability. Prior to taking any action under this Indenture, the Trustee shall be entitled to reasonable indemnification against all losses and expenses caused by taking or not
taking such action. 
 Section 6.06    Limitation on Suits. 

Subject to Section 6.07 of this Indenture, no Holder may pursue any remedy with respect to this Indenture or the Notes unless: 

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

 (2)    Holders of at least 25% in aggregate principal amount of the then outstanding Notes have
requested the Trustee to pursue the remedy in accordance with this Indenture; 
 (3)    such Holders have
offered the Trustee reasonable security or indemnity against any loss, liability or expense; 

(4)    the Trustee has not complied with such request within 60 days after the receipt of the written
request and the offer of security or indemnity; and 
 (5)    Holders of a majority in aggregate
principal amount of the then outstanding Notes have not given the Trustee a direction in writing inconsistent with such request within such 60-day period. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 

Section 6.07    Rights of Holders to Receive Payment. 

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

  
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 Section 6.08    Collection Suit by Trustee. 

If an Event of Default specified in clauses (1) or (2) of Section 6.01 of this Indenture occurs and is continuing, the Trustee is
authorized to recover judgment in its own name and as trustee of an express trust against the Issuer and each Guarantor for the whole amount of principal of, premium, if any, and interest remaining unpaid on the Notes and interest on overdue
principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel. 
 Section 6.09    Restoration of Rights and Remedies. 

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

Section 6.10    Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07 of
this Indenture, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy are, to the extent permitted by law, cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy. 
 Section 6.11    Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.12    Trustee May File Proofs of Claim. 

The Trustee may file 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 the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Issuer (or any other obligor upon the Notes,
including the Guarantors), its creditors or its property and is entitled and empowered to participate as a member in any official committee of creditors appointed in such matter and to collect, receive and distribute any money or other property
payable or deliverable on any such claims. Any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments
directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel, and any other amounts due the Trustee under Section 7.06 of
this Indenture. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 of this Indenture out of the estate
in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to
receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any
Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

  
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 Section 6.13    Priorities. 

If the Trustee collects any money or property pursuant to this Article 6, it shall pay out the money in the following order: 

(1)    to the Trustee and its agents and attorneys for amounts due under Section 7.06 of this Indenture, including
payment of all reasonable compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

(2)    to Holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest ratably, without
preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and 

(3)    to the Issuer or to such party as a court of competent jurisdiction shall direct, including a Guarantor, if
applicable. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.13. Promptly after any record
date is set pursuant to this Section 6.13, the Trustee shall cause notice of such record date and payment date to be given to the Issuer and to each Holder in the manner set forth in Section 12.02 of this Indenture. 

Section 6.14    Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.14 does not apply to a suit by the Trustee, a suit by a Holder
pursuant to Section 6.07 of this Indenture, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes. 

ARTICLE 7 
 TRUSTEE 

Section 7.01    Duties of Trustee. 

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

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

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

(2)    in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any
provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate
the accuracy or mathematical calculation or facts stated therein). 

  
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 (c)    The Trustee may not be relieved from liabilities for its own
grossly negligent action, its own grossly negligent failure to act, or its own willful misconduct, except that: 

(1)    this paragraph does not limit the effect of paragraph (b) of this Section 7.01; 

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

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

(e)    Subject to this Article 7, if an Event of Default occurs and is continuing, the Trustee will be under no
obligation to exercise any of the rights or powers under this Indenture, the Notes and the Guarantees at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security satisfactory to it against
any loss, liability or expense. 
 (f)    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. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

Section 7.02    Rights of Trustee. 

(a)    The Trustee may conclusively rely upon and shall be fully protected in acting or refraining from acting upon any
document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document, 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 in good faith 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 sole cost of the Issuer and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(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 the provisions of Section 12.05 of this Indenture, except that no Opinion of Counsel will be required to be furnished to the Trustee in connection with the authentication and delivery of the Initial Notes
on the Issue Date. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. The Trustee may consult with counsel of its selection and the advice of
such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(c)    The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence
of any agent or attorney appointed with due care. 
 (d)    The Trustee shall not be liable for any action it takes or
omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 

(e)    Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuer
or a Guarantor shall be sufficient if signed by an Officer of the Issuer or such Guarantor. 

  
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 (f)    None of the provisions of this Indenture shall require the
Trustee to expend or risk its own funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers unless the Trustee shall have reasonable
grounds to expect that it will receive timely repayment of such funds or the Trustee shall have received security or indemnity satisfactory to it in an amount not less than any such liability. 

(g)    The Trustee shall not be deemed to have notice or knowledge of any Default or Event of Default unless written
notice of any event which is in fact such a Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the existence of a Default or Event of Default, the Notes and this Indenture and such
communications comply with the provisions of this Indenture. 
 (h)    In no event shall the Trustee be responsible or
liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action. 
 (i)    The rights, privileges, protections, immunities and benefits given to the
Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(j)    The Trustee may request that the Issuer deliver an Officers’ Certificate setting forth the names of
individuals or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any Person
specified as so authorized in any such certificate previously delivered and not superseded. 
 (k)    The Trustee shall
not be required to give any bond or surety in respect of the performance of its powers and duties hereunder. 

Section 7.03    Individual Rights of Trustee. 

The Trustee or any Agent in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the
Issuer or any Affiliate of the Issuer with the same rights it would have if it were not Trustee or such Agent. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.09 of this Indenture. 

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 or the Notes, it shall
not be accountable for the Issuer’s use of the proceeds from the Notes or any money paid to the Issuer or upon the Issuer’s direction under any provision of this Indenture, it shall not be responsible for the use or application of any
money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture
other than its certificate of authentication on the Notes. 
 Section 7.05    Notice of Defaults. 

If a Default occurs and is continuing and a Responsible Officer of Trustee has received written notice thereof, the Trustee will transmit to
each Holder a notice of the Default within 90 days thereafter. Except in the case of an Event of Default specified in clauses (1) or (2) of Section 6.01 of this Indenture, the Trustee may withhold from the Holders notice of any continuing
Default if the Trustee determines in good faith that withholding the notice is in the interest of the Holders. 

  
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 Section 7.06    Compensation and Indemnity. 

(a)    The Issuer and the Guarantors, jointly and severally, shall pay to the Trustee from time to time such compensation
for its acceptance of this Indenture and services hereunder as the parties shall agree in writing from time to time. 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 promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services, except for any such disbursements, advances or expenses as shall have been
determined to have been caused by the Trustee’s willful misconduct or bad faith. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. The Trustee shall provide the Issuer
reasonable notice of any expenditure not in the ordinary course of business. 
 (b)    The Issuer and the Guarantors,
jointly and severally, shall fully indemnify the Trustee for, and hold each of the Trustee and any predecessor harmless against, any and all loss, damage, claims, liability or expense (including reasonable attorneys’ fees and expenses) incurred
by it 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 against the Issuer or any Guarantor (including this Section 7.06)
or defending itself against any claim whether asserted by any Holder, the Issuer or any Guarantor, or liability in connection with the acceptance, exercise or performance of any of its powers or duties hereunder). The Trustee shall notify the Issuer
promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuer shall not relieve the Issuer of its obligations hereunder. The Issuer shall defend the claim and the Trustee may have separate counsel and the
Issuer shall pay the reasonable fees and expenses of such counsel. Neither the Issuer nor any Guarantor needs to pay for any settlement made without its consent, which consent shall not be unreasonably withheld. The Issuer need not reimburse any
expense or indemnify against any loss, liability or expense determined to have been incurred by the Trustee through the Trustee’s own willful misconduct, gross negligence or bad faith. 

(c)    The obligations of the Issuer and the Guarantors under this Section 7.06 shall survive the satisfaction,
discharge or termination of this Indenture or the resignation or removal of the Trustee. 
 (d)    To secure the
payment obligations of the Issuer and the Guarantors in this Section 7.06, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on
particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture. 
 (e)    When the Trustee
incurs expenses or renders services after an Event of Default specified in Section 6.01(5) or (6) of this Indenture occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are
intended to constitute expenses of administration under any Bankruptcy Law. 
 Section 7.07    Replacement of Trustee. 

(a)    A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the
successor Trustee’s acceptance of appointment as provided in this Section 7.07. The Trustee may resign in writing at any time by giving 30 days’ prior notice of such resignation to the Issuer and be discharged from the trust hereby
created by so notifying the Issuer. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuer in writing. The Issuer may remove the Trustee if: 

(1)    the Trustee fails to comply with Section 7.09 of this Indenture; 

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

  
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 (4)    the Trustee becomes incapable of acting. 

(b)    If the Trustee resigns or is removed or if a vacancy exists in the office of the Trustee for any reason, the
Issuer shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the successor Trustee to replace it with
another successor Trustee appointed by the Issuer. 
 (c)    If a successor Trustee does not take office within 60 days
after the retiring Trustee resigns or is removed, the retiring Trustee (at the Issuer’s expense), the Issuer or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent
jurisdiction for the appointment of a successor Trustee. 
 (d)    If the Trustee, after written request by any Holder
who has been a Holder for at least six months, fails to comply with Section 7.09 of this Indenture, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(e)    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 transmit a notice
of its succession to Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided that all sums owing to the Trustee hereunder have been paid and such transfer shall be subject to
the Lien provided for in Section 7.06 of this Indenture. Notwithstanding replacement of the Trustee pursuant to this Section 7.07, the Issuer’s obligations under this Section 7.07 shall continue for the benefit of the retiring
Trustee. 
 (f)    As used in this Section 7.07, the term “Trustee” shall also include each Agent. 

Section 7.08    Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation or national banking association, the successor corporation or national banking association without any further act shall be the successor Trustee, subject to Section 7.09 of this Indenture. 

Section 7.09    Eligibility; Disqualification. 

There shall at all times be a Trustee hereunder that is a corporation or national banking association organized and doing business under the
laws of the United States or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at
least $50,000,000 as set forth in its most recent published annual report of condition. 
 ARTICLE 8 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

Section 8.01    Option to Effect Legal Defeasance or Covenant Defeasance. 

The Issuer may, at its option and at any time, elect to have either Section 8.02 of this Indenture or Section 8.03 of this Indenture
applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8. 
 Section 8.02    Legal
Defeasance and Discharge. 
 (a)    Upon the Issuer’s exercise under Section 8.01 of this Indenture of the
option applicable to this Section 8.02, the Issuer and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 

  
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8.04 of this Indenture, be deemed to have been discharged from their obligations with respect to this Indenture, all outstanding Notes and Guarantees on the date the conditions set forth below
are satisfied (“Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, which shall thereafter be deemed
to be “outstanding” only for the purposes of Section 8.05 and the other Sections of this Indenture referred to in clauses (1) through (4) below, and to have satisfied all of its other obligations under such Notes and this
Indenture, including that of the Guarantors (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated
or discharged hereunder: 
 (1)    the rights of Holders of outstanding Notes issued thereunder to
receive payments in respect of the principal of, premium, if any, and interest on such Notes when such payments are due solely out of the trust referred to in Section 8.04 of this Indenture; 

(2)    the Issuer’s obligations with respect to the Notes issued thereunder concerning issuing
temporary Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment and money for security payments held in trust; 

(3)    the rights, powers, trusts, duties and immunities of the Trustee, and Issuer’s obligations in
connection therewith; and 
 (4)    this Section 8.02. 

(b)    Subject to compliance with this Article 8, the Issuer may exercise its option under this Section 8.02
notwithstanding the prior exercise of its option under Section 8.03 of this Indenture. 
 Section 8.03    Covenant
Defeasance. 
 Upon the Issuer’s exercise under Section 8.01 of this Indenture of the option applicable to this
Section 8.03, the Issuer and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 of this Indenture, be released from their obligations under the covenants contained in Sections 4.03, 4.04,
4.07, 4.08, 4.09, 4.14, 4.15 and 4.17 of this Indenture with respect to the outstanding Notes, and the Guarantors shall be deemed to have been discharged from their obligations with respect to all Guarantees, on and after the date the conditions set
forth in Section 8.04 of this Indenture are satisfied (“Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of
Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for
accounting purposes). For this purpose, Covenant Defeasance means that, with respect to this Indenture and the outstanding Notes, the Issuer and the Guarantors may omit to comply with and shall have no liability in respect of any term, condition or
limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and
such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 of this Indenture, but, except as specified above, the remainder of this Indenture, and such Notes and the Guarantees shall be unaffected thereby.
In addition, upon the Issuer’s exercise under Section 8.01 of this Indenture of the option applicable to this Section 8.03 of this Indenture, subject to the satisfaction of the conditions set forth in Section 8.04 of this
Indenture, an Event of Default specified in Sections 6.01(3) (only with respect to covenants that are released as a result of such Covenant Defeasance), 6.01(4), 6.01(5) (solely with respect to Significant Subsidiaries of the Issuer), 6.01(6)
(solely with respect to Significant Subsidiaries of the Issuer), 6.01(7) and 6.01(8) of this Indenture, in each case, shall not constitute an Event of Default. 

  
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 Section 8.04    Conditions to Legal or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 of this Indenture: 

(1)    the Issuer must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of
the Notes issued thereunder, cash in U.S. dollars, non-callable U.S. Government Securities, or a combination of cash in U.S. dollars and non-callable U.S. Government
Securities, in such amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public accountants, to pay the principal of, premium, if any, and interest due on the outstanding
Notes (calculated on the cash interest rate, if applicable) issued thereunder on the maturity date or on the applicable redemption date, as the case may be, of such principal, premium, if any, or interest on such Notes and the Issuer must specify
whether such Notes are being defeased to maturity or to a particular redemption date; 
 (2)    in the
case of Legal Defeasance, the Issuer has delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, (a) the Issuer has received from, or there has been
published by, the United States Internal Revenue Service a ruling or (b) since the Issue Date, there has been a change in the applicable U.S. federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel
will confirm that, subject to customary assumptions and exclusions, the beneficial owners of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes, as applicable, as a result of such Legal Defeasance and
will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(3)    in the case of Covenant Defeasance, the Issuer has delivered to the Trustee an Opinion of Counsel
reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, the beneficial owners of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such
Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4)    no Default or Event of Default has occurred and is continuing on the date of such deposit (other
than a Default or Event of Default resulting from the borrowing of funds to be applied to make such deposit and the grant of any Lien securing such borrowings); 

(5)    such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or
constitute a default under any other material agreement or instrument (other than this Indenture) to which the Issuer or any Guarantor is a party or by which the Issuer or any Guarantor is bound; 

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

(7)    the Issuer must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel
(which Opinion of Counsel may be subject to customary assumptions and exclusions), each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied with.

 Section 8.05    Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. 

(a)    Subject to Section 8.06 of this Indenture, all money and Government Securities (including the proceeds
thereof) deposited with the Trustee pursuant to Section 8.04 of this Indenture in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the
payment, either directly or through any Paying Agent (including the Issuer or a Guarantor acting as Paying Agent) as the Trustee may determine, to the Holders of all sums due and to become due thereon in respect of principal, premium, if any, and
interest on the Notes, but such money need not be segregated from other funds except to the extent required by law. 

  
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 (b)    The Issuer will pay and indemnify the Trustee against any tax,
fee or other charge imposed on or assessed against the cash or Government Securities deposited pursuant to Section 8.04 of this Indenture or the principal and interest received in respect thereof other than any such tax, fee or other charge
which by law is for the account of the Holders. 
 (c)    Anything in this Article 8 to the contrary notwithstanding,
the Trustee will deliver or pay to the Issuer from time to time upon the request of the Issuer any money or Government Securities held by it as provided in Section 8.04 of this Indenture which, in the opinion of an independent financial advisor
expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(1) of this Indenture), are in excess of the amount thereof that would then be required to be deposited to effect an
equivalent Legal Defeasance or Covenant Defeasance. 
 Section 8.06    Repayment to the Issuer. 

Subject to any applicable abandoned property law, any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in
trust for the payment of the principal, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid to the Issuer on its request or (if
then held by the Issuer) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Issuer for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Issuer as trustee thereof, shall thereupon cease. 
 Section 8.07    Reinstatement. 

If the Trustee or Paying Agent is unable to apply any U.S. dollars or Government Securities in accordance with Section 8.02 or
Section 8.03 of this Indenture, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuer’s and the Guarantors’
obligations under this Indenture, the Notes and the Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or Section 8.03 of this Indenture until such time as the Trustee or Paying Agent is
permitted to apply all such money in accordance with Section 8.02 or Section 8.03 of this Indenture, as the case may be; provided that, if the Issuer makes any payment of principal, premium, if any, or interest on any Note following
the reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders to receive such payment from the money held by the Trustee or Paying Agent. 

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

(a)    Notwithstanding Section 9.02 of this Indenture, the Issuer and the Trustee may amend or supplement this
Indenture, the Guarantees or the Notes without the consent of any Holder: 
 (1)    to cure any
ambiguity, mistake, defect or inconsistency, as certified by the Issuer; 
 (2)    to provide for
uncertificated Notes in addition to or in place of certificated Notes; 
 (3)    to provide for the
assumption by a Successor Company or a successor company of a Guarantor, as applicable, of the Issuer’s or such Guarantor’s obligations under this Indenture, the Notes or any Guarantee; 

(4)    to make any change that would provide any additional rights or benefits to the Holders of Notes or
that does not adversely affect the legal rights under this Indenture of any such Holder; provided that such changes pursuant to this clause shall not adversely affect the interests of the Holders in any material respect, as determined in good faith
by the Board of Directors of Parent; 

  
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 (5)    [reserved]; 

(6)    to provide for the issuance of additional Notes in accordance with the terms of this Indenture; 

(7)    to add a Guarantee of the Notes; 

(8)    to release a Guarantor upon its sale or designation as an Unrestricted Subsidiary or other permitted
release from its Guarantee; provided that such sale, designation or release is in accordance with the applicable provisions of this Indenture; 

(9)    to mortgage, pledge, hypothecate or grant any other Lien in favor of the Trustee for the benefit of
the Holders of the Notes, as security for the payment and performance of all or any portion of the Obligations, in any property or assets, or otherwise to secure the Notes; or 

(10)    to conform the text of this Indenture, the Guarantees or the Notes to any provision of the section
captioned “Description of Notes” in the Offering Memorandum to the extent that such provision in such “Description of Notes” was intended to be a verbatim recitation of a provision of this Indenture, the Guarantee or Notes, as
certified by the Issuer. 
 (b)    Upon the request of the Issuer accompanied by a resolution of its Board of Directors
authorizing the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Section 12.04 of this Indenture, the Trustee shall join with the Issuer and the Guarantors in the execution
of any amended or supplemental indenture authorized or permitted by the terms of this Indenture, but the Trustee shall not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this
Indenture or otherwise. The Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel and Officers’ Certificate stating that such amendment or supplement is authorized or permitted by this
Indenture. 
 Section 9.02    With Consent of Holders. 

(a)    Except as provided in Section 9.01 of this Indenture and this Section 9.02, the Issuer, the Guarantors
and the Trustee may amend or supplement this Indenture, the Notes and the Guarantees with the consent of the applicable Required Holders (including, without limitation, consents obtained in connection with a purchase of, or tender offer for, such
Notes) and, subject to Section 6.04 and Section 6.07 of this Indenture, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal, premium, if any, or interest on the Notes, except a
payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture and the Notes may be waived (except a default in respect of the payment of principal or interest on such Notes) with the
consent of the applicable Required Holders (including, with respect to the Holders of the Notes, without limitation, consents obtained in connection with a purchase of, or tender offer for, such Notes). Section 2.08 and Section 2.09 of
this Indenture shall determine which Notes are considered to be “outstanding” for the purposes of this Section 9.02. 

(b)    Upon the request of the Issuer, and upon the filing with the Trustee of evidence satisfactory to the Trustee of
the consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents described in Section 12.04 of this Indenture, the Trustee shall join with the Issuer and the Guarantors in the execution of such amended or supplemental
indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter
into such amended or supplemental indenture. 
 (c)    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, supplement or waiver. It shall be sufficient if such consent approves the substance of such proposed amendment, supplement or waiver. 

  
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 (d)    After an amendment, supplement or waiver under this
Section 9.02 becomes effective, the Issuer will give to the Holders a notice briefly describing such amendment, supplement or waiver. However, the failure of the Issuer to give such notice to all the Holders, or any defect in the notice, will
not impair or affect the validity of any such amendment, supplement or waiver. 
 (e)    However, without the consent
of each affected Holder, an amendment or waiver under this Section 9.02 may not: 
 (1)    reduce the principal amount of Notes
issued thereunder whose Holders must consent to an amendment; or change the definition of “Required Holders”; 
 (2)    reduce
the principal of or change the fixed maturity of any Note or alter the provisions with respect to the redemption of the Notes issued thereunder (other than the provisions relating to the covenant in Section 4.15 hereof except as set forth in
clause (10) below and other than changing the time period for redemption of any Note); 
 (3)    reduce the rate of or change the
time for payment of interest on any Note issued thereunder; 
 (4)    waive a Default or Event of Default in the payment of principal
of, premium, if any, or interest on the Notes issued thereunder (except a rescission of acceleration of the Notes by the Required Holders and a waiver of the payment default that resulted from such acceleration or in respect of a covenant or
provision contained in this Indenture or any Guarantee which cannot be amended or modified without the consent of all Holders); 

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

(6)    make any change in the provisions of any Indenture relating to waivers of past Defaults or the rights of Holders of Notes to
receive payments of principal of, or interest or premium, if any, on the Notes issued thereunder or impair the right of any Holder of Notes to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes; 

(7)    waive a redemption payment with respect to any Note issued thereunder (other than a payment required by the covenant in
Section 4.15 hereof except as set forth in clause (10) below); 
 (8)    make any change to or modify the ranking of the Notes
that would adversely affect the Holders of Notes; 
 (9)    modify the Guarantees in any manner adverse to the Holders of the Notes;

 (10)    amend, change or modify in any material respect the obligation of the Issuer to make and consummate a Change of Control Offer
in respect of a Change of Control Triggering Event that has occurred; or 
 (11)    make any change in the preceding amendment and waiver
provisions. 
 (f)    A consent to any amendment, supplement or waiver of this Indenture, the Notes or the Guarantee by
any Holder given in connection with a tender of such Holder’s Notes will not be rendered invalid by such tender. 

Section 9.03    [Reserved]. 

Section 9.04    Revocation and Effect of Consents. 

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

  
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 (b)    The Issuer may, but shall not be obliged to, fix a record date
pursuant to Section 1.05 of this Indenture for the purpose of determining the Holders entitled to consent to any amendment or waiver. 

Section 9.05    Notation on or Exchange of Notes. 

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

(b)    Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such
amendment, supplement or waiver. 
 Section 9.06    Trustee to Sign Amendments, etc. 

The Trustee shall sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. The Issuer may not sign an amended or supplemental indenture until the Board of Directors of the Issuer approves it. In executing any amended or supplemental indenture,
the Trustee shall be provided with and (subject to Section 7.01 of this Indenture) shall be fully protected in relying upon, in addition to the documents required by Section 12.04 of this Indenture, an Officers’ Certificate and an
Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture. 

ARTICLE 10 
 GUARANTEES 

Section 10.01    Guarantees. 

(a)    Subject to this Article 10, each of the Guarantors hereby, jointly and severally, irrevocably and unconditionally
guarantees, as a primary obligor and not merely as a surety, on a senior unsecured basis, to each Holder and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the
obligations of the Issuer hereunder or thereunder, that: (1) the principal, premium, if any, and interest on the Notes shall be promptly paid in full when due, whether at Stated Maturity, by acceleration, redemption or otherwise, and interest
on the overdue principal and interest on the Notes, if any, if lawful, and all other Obligations of the Issuer to the Holders or the Trustee hereunder or under the Notes shall be promptly paid in full or performed, all in accordance with the terms
hereof and thereof; and (2) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed in accordance with the terms of the extension or
renewal, whether at Stated Maturity, by acceleration or otherwise (collectively, the “Guaranteed Obligations”). Failing payment by the Issuer when due of any amount so guaranteed or any performance so guaranteed for whatever reason,
the Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b)    The Guarantors hereby agree that their obligations hereunder shall be unconditional, irrespective of the validity,
regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuer, any
action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in
the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever and covenants that this Guarantee shall not be discharged except by complete performance of
the obligations contained in the Notes and this Indenture, or pursuant to Section 10.05 of this Indenture. 

  
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 (c)    Each of the Guarantors also agrees, jointly and severally, 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 10.01 of this Indenture. 

(d)    If any Holder or the Trustee is required by any court or otherwise to return to the Issuer, the Guarantors or any
custodian, trustee, liquidator or other similar official acting in relation to the Issuer or the Guarantors, any amount paid either to the Trustee or such Holder, this Guarantee, to the extent theretofore discharged, shall be reinstated in full
force and effect. 
 (e)    Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation
to the Holders in respect of any obligations guaranteed hereby until payment in full of all Obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other
hand, (1) the maturity of the Obligations guaranteed hereby may be accelerated as provided in Article 6 for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the
Obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such Obligations as provided in Article 6 of this Indenture, such Obligations (whether or not due and payable) shall forthwith become due and payable by
the Guarantors for the purpose of this Guarantee. The Guarantors shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the
Holders under the Guarantees. 
 (f)    Each Guarantee shall remain in full force and effect and continue to be
effective should any petition be filed by or against the Issuer for liquidation or reorganization, should the Issuer become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any
significant part of the Issuer’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are, pursuant to applicable law,
rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes or the Guarantees, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such payment or
performance had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not
so rescinded, reduced, restored or returned. 
 (g)    In case any provision of any Guarantee shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

(h)    Each payment to be made by a Guarantor in respect of its Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature. 

Section 10.02    Limitation on Guarantor Liability. 

Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Guarantee
of such Guarantor not constitute a fraudulent conveyance or a fraudulent transfer for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable
to any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor shall be limited to the maximum amount as will, after giving effect to such maximum
amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in
respect of the obligations of such other Guarantor under this Article 10, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable law. Each Guarantor that makes
a payment under its Guarantee will be entitled upon payment in full of all Guaranteed Obligations under this Indenture to a contribution from each other Guarantor in an amount equal to such other Guarantor’s pro rata portion of such payment
based on the respective net assets of all the Guarantors at the time of such payment, determined in accordance with GAAP. 

  
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 Section 10.03    Execution and Delivery. 

(a)    To evidence its Guarantee set forth in Section 10.01 of this Indenture, each Guarantor hereby agrees that this
Indenture shall be executed on behalf of such Guarantor by an Officer or person holding an equivalent title. 

(b)    Each Guarantor hereby agrees that its Guarantee set forth in Section 10.01 of this Indenture shall remain in
full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes. 

(c)    If an Officer whose signature is on this Indenture no longer holds that office at the time the Trustee
authenticates the Note, the Guarantees shall be valid nevertheless. 
 (d)    The delivery of any Note by the Trustee,
after the authentication thereof hereunder, shall constitute due delivery of the Guarantee set forth in this Indenture on behalf of the Guarantors. 

Section 10.04    [Reserved]. 

Section 10.05    Releases. 

(a)    The Guarantee of a Guarantor will be automatically released and discharged in the event that: 

(1)    in the case of a Subsidiary Guarantor, the sale, disposition or other transfer (including through
merger or consolidation) of (x) Capital Stock of the applicable Guarantor (including any sale, disposition or other transfer), after which such Subsidiary Guarantor is no longer a Restricted Subsidiary, or (y) all or substantially all the
assets of such Subsidiary Guarantor; provided that, in each case, such sale, disposition or other transfer is made in compliance with the provisions of this Indenture; 

(2)    the Issuer designates any Restricted Subsidiary that is a Subsidiary Guarantor as an Unrestricted
Subsidiary in accordance with the provisions of this Indenture; 
 (3)    in the case of any Restricted
Subsidiary which after the Issue Date is required to guarantee the Notes pursuant to the covenant described in Section 4.17 hereof the release or discharge of the guarantee by such Restricted Subsidiary of all of the Indebtedness of the Issuer
or any Restricted Subsidiary or the repayment of all of the Indebtedness or Disqualified Stock, in each case, which resulted in the obligation to guarantee the Notes; 

(4)    the Issuer exercises its legal defeasance option or its covenant defeasance option as described in
Section 8.01 hereof or its obligations under this Indenture are discharged in accordance with the terms of this Indenture; or 

(5)    such Guarantor is also a guarantor or borrower under the Senior Credit Facilities and, at the time
of release of its Guarantee, (x) has been released from its guarantee of, and all pledges and security, if any, granted in connection with the Senior Credit Facilities (which may be conditioned on the concurrent release hereunder) except as a
result of a discharge or release arising from payment under such guarantee, (y) is not an obligor under any Indebtedness (other than Indebtedness permitted to be incurred pursuant to the second paragraph of the covenant described under
Section 4.07(b)(2) hereof) and (z) does not guarantee (and is not required to guarantee pursuant to the covenant described under Section 4.17 hereof) any Indebtedness of the Issuer or any Restricted Subsidiaries (other than any
guarantee that will be released upon the release of the Guarantee hereunder). 

  
 58 

 ARTICLE 11 

SATISFACTION AND DISCHARGE 

Section 11.01    Satisfaction and Discharge. 

(a)    This Indenture shall be discharged and will cease to be of further effect as to the Notes issued hereunder, when:

 (1)    either: 

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

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

(2)    no Default or Event of Default shall have occurred and be continuing on the date of the deposit or
will occur as a result of the deposit (other than a Default resulting from borrowing of funds to be applied to such deposit and any similar and simultaneous deposit relating to other Indebtedness, and in each case the grant of any Lien securing such
borrowing) and the deposit will not result in a breach or violation of, or constitute a default under, any other material instrument to which the Issuer is a party or by which the Issuer is bound; 

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

(4)    the Issuer has delivered irrevocable instructions to the Trustee under this Indenture to apply the
deposited money toward the payment of the Notes issued hereunder at maturity or the redemption date, as the case may be. 

(b)    In addition, the Issuer must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee
stating that all conditions precedent to satisfaction and discharge with respect to this Indenture have been satisfied. 

(c)    Notwithstanding the satisfaction and discharge of this Indenture, if money shall have been deposited with the
Trustee pursuant to Section 11.01(a)(1)(B) of this Indenture, the provisions of Section 11.02 and Section 8.06 of this Indenture shall survive. 

Section 11.02    Application of Trust Money. 

(a)    Subject to the provisions of Section 8.06 of this Indenture, all money and Government Securities deposited
with the Trustee pursuant to Section 11.01 of this Indenture shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the
Issuer acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any, and interest for whose payment such money has been deposited with the Trustee, but such money need not be
segregated from other funds except to the extent required by law. 
 (b)    If the Trustee or Paying Agent is unable to
apply any money or Government Securities in accordance with Section 11.01 of this Indenture by reason of any legal proceeding or by reason of any order or 

  
 59 

 
judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s and any Guarantor’s obligations under this Indenture, the
Notes and the Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01 of this Indenture; provided that if the Issuer has made any payment of principal, premium, if any, or interest on any
Notes because of the reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent, as the case may be.

 ARTICLE 12 

MISCELLANEOUS 

Section 12.01    [Reserved]. 

Section 12.02    Notices. 

(a)    Any notice or communication to the Issuer, any Guarantor or the Trustee is duly given if in writing and
(1) delivered in person, (2) mailed by first-class mail (certified or registered, return receipt requested), postage prepaid, or overnight air courier guaranteeing next day delivery or (3) sent by facsimile or electronic transmission,
to its address: 
 if to the Issuer or any Guarantor: 

c/o Resideo Technologies, Inc. 

901 E 6th Street 
 Austin, TX
78702 
 Attention: General Counsel 

with a copy to: 
 Willkie
Farr & Gallagher LLP 
 787 Seventh Avenue 

New York, New York 10019 
 Fax
No: (212) 718-8111 
 Email: rleaf@willkie.com; cgreer@willkie.com; sewen@willkie.com 

Attention: Russell Leaf, Cristopher Greer and Sean Ewen 

if to the Trustee: 
 U.S. Bank
National Association 
 Global Corporate Trust 

13737 Noel Road, 8th Floor 

Dallas, Texas 75240 
 Telephone
No.: (972) 581-1612 
 Fax No: (972) 581-1670 

Email: michael.herberger@usbank.com 

Attention: Michael K. Herberger 

with a copy to: 
 Greenberg
Traurig LLP 
 Terminus 200 

3333 Piedmont Road NE 
 Suite
2500 
 Atlanta, GA 30305 

Fax No: (678) 553-2212 

Email: yatesd@gtlaw.com 

Attention: David Yates 

  
 60 

 The Issuer, any Guarantor or the Trustee, by like notice, may designate additional or
different addresses for subsequent notices or communications. 
 (b)    All notices and communications (other than
those sent to Holders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; on the first date of which publication is made, if by publication; five calendar days after being deposited in the mail, postage
prepaid, if mailed by first-class mail; the next Business Day after timely delivery to the courier, if mailed by overnight air courier guaranteeing next day delivery; when receipt acknowledged, if sent by facsimile or electronic transmission;
provided that any notice or communication delivered to the Trustee shall be deemed effective upon actual receipt thereof. 

(c)    Any notice or communication to a Holder shall be electronically transmitted or mailed by first-class mail
(certified or registered, return receipt requested) or by overnight air courier guaranteeing next day delivery to its address shown on the Note Register or by such other delivery system as the Trustee agrees to accept. 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. 

(d)    Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person
entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the
validity of any action taken in reliance upon such waiver. 
 (e)    Notwithstanding any other provision herein, where
this Indenture provides for notice of any event to any Holder of an interest in a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary for such Note (or its designee), according to the
applicable procedures of such Depositary, if any, prescribed for the giving of such notice. 
 (f)    The Trustee
agrees to accept and act upon notice, instructions or directions pursuant to this Indenture sent by unsecured facsimile or electronic transmission; provided, however, that the Trustee shall have received an incumbency certificate
listing persons designated to give such instructions or directions. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such notice, instructions
or directions notwithstanding such notice, instructions or directions conflict or are inconsistent with a subsequent notice, instructions or directions. 

(g)    If a notice or communication is transmitted in the manner provided above within the time prescribed, it is duly
given, whether or not the addressee receives it. 
 (h)    If the Issuer transmits a notice or communication to
Holders, it shall transmit a copy to the Trustee and each Agent at the same time. 
 Section 12.03    [Reserved]. 

Section 12.04    Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Issuer or any Guarantor to the Trustee to take any action under this Indenture, the Issuer or such
Guarantor, as the case may be, shall furnish to the Trustee: 
 (1)    an Officers’ Certificate in
form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.05 of this Indenture) stating that, in the opinion of the signer(s), all conditions precedent and covenants, if any, provided
for in this Indenture relating to the proposed action have been complied with; and 

  
 61 

 (2)    an Opinion of Counsel in form and substance
reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.05 of this Indenture) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with. 

provided that no Opinion of Counsel will be required to be furnished to the Trustee in connection with the authentication and delivery of the Initial
Notes on the Issue Date. 
 Section 12.05    Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

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

 (2)    a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
 (3)    a statement that, in
the opinion of such Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with (and, in the case of an
Opinion of Counsel, may be limited to reliance on an Officers’ Certificate or a certificate of public officials as to matters of fact); and 

(4)    a statement as to whether or not, in the opinion of such Person, such condition or covenant has been
complied with. 
 Section 12.06    Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and
set reasonable requirements for its functions. 
 Section 12.07    No Personal Liability of Directors, Officers, Employees,
Incorporator, Stockholder, Member, Partner or Other Holder of Equity Interests. 
 No director, officer, employee, incorporator,
stockholder, unitholder or member of the Issuer, any of its Subsidiaries or any of its direct or indirect parent companies, including Parent, as such, has any liability for any obligations of the Issuer or any Guarantor under the Notes, this
Indenture, the Guarantees, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. 
 Section 12.08    Governing Law and Jurisdiction. 

THIS INDENTURE, THE NOTES AND ANY NOTE GUARANTEE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 The Issuer and the Trustee (i) agree that any suit, action or proceeding against it arising out of or relating to the this
Indenture may be instituted in any U.S. federal or New York state court sitting in the Borough of Manhattan, New York City, New York, (ii) irrevocably submit to the non-exclusive jurisdiction of such
courts in any suit, action or proceeding, (iii) waive, to the fullest extent permitted by applicable law, any objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding, any claim that any suit,
action or proceeding in such a court has been brought in an inconvenient forum and any right to the jurisdiction of any other courts to which it may be entitled on account of place of residence or domicile, and (iv) agree that final judgment in
any such suit, action or proceeding brought in such a court shall be conclusive and binding and may be enforced in the courts of the jurisdiction of which it is subject by a suit upon judgment. 

  
 62 

 Section 12.09    Waiver of Jury Trial. 

EACH OF THE ISSUER, THE GUARANTORS, HOLDERS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 12.10    Force Majeure. 

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

Section 12.11    No Adverse Interpretation of Other Agreements. 

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

Section 12.12    Successors. 

All agreements of the Issuer in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall
bind its successors. All agreements of each Guarantor in this Indenture shall bind its successors, except as otherwise provided in Section 10.05 of this Indenture. 

Section 12.13    Severability. 

In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 12.14    Counterpart 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. 
 Section 12.15    Table of Contents, Headings, etc. 

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

Section 12.16    Facsimile and PDF Delivery of Signature Pages. 

The exchange of copies of this Indenture and of signature pages by facsimile or portable document format (“PDF”) transmission
shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be
their original signatures for all purposes. The words “execution,” “signed,” “signature,” “delivery” and words of like import in or relating to this Indenture or any document to be signed in connection with
this Indenture shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery
thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means. 

  
 63 

 Section 12.17    U.S.A. PATRIOT Act. 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee is required to obtain, verify,
and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request
in order for the Trustee to satisfy the requirements of the U.S.A. PATRIOT Act. 
 Section 12.18    Tax Information. 

 Upon request from the Trustee, the Issuer shall use commercially reasonable efforts to provide information reasonably necessary in order
to enable the Trustee to determine whether any withholding obligations under Sections 1471-1474 of the Internal Revenue Code of 1986, as amended (“FATCA”), or other applicable law apply to payments made pursuant to this Indenture.
The Trustee shall be entitled to make any withholding or deductions from payments pursuant to this Indenture to the extent necessary to comply with FATCA or other applicable law and neither the Trustee nor the Issuer, subject to the Issuer’s
indemnity obligations under Section 7.06, shall have any liability in connection with its compliance therewith. 

Section 12.19    Payments Due on Non-Business Days. 

In any case where any Interest Payment Date, redemption date or repurchase date or the Stated Maturity of the Notes shall not be a Business
Day, then (notwithstanding any other provision of this Indenture or of the Notes) payment of principal, premium, if any, or interest on the Notes need not be made on such date, but may be made on the next succeeding Business Day with the same force
and effect as if made on the Interest Payment Date, redemption date or repurchase date, or at the Stated Maturity of the Notes; provided that no interest will accrue for the period from and after such Interest Payment Date, redemption date,
repurchase date or Stated Maturity, as the case may be. 
 [Signatures on following page] 

  
 64 

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

					
	ISSUER:
	
	RESIDEO FUNDING INC.
		
	By:	 	 /s/ John Heskett

		 	Name:	  	John Heskett
		 	Title:	  	President and Treasurer

  
 [Signature Page to
Indenture] 

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

					
	GUARANTORS:
	
	RESIDEO TECHNOLOGIES, INC.
		
	By:	 	 /s/ John Heskett

		 	Name:	  	John Heskett
		 	Title:	  	VP, Corporate Development and Treasurer
	
	RESIDEO HOLDING INC.
		
	By:	 	 /s/ John Heskett

		 	Name:	  	John Heskett
		 	Title:	  	Treasurer
	
	 ADEMCO INC.
 RESIDEO INTERMEDIATE
HOLDING INC.

		
	By:	 	 /s/ John Heskett

		 	Name:	  	John Heskett
		 	Title:	  	President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	
ALARMNET, INC. 
RSI VIDEO TECHNOLOGIES, LLC 
RESIDEO LIFE CARE SOLUTIONS LLC 
UGS HERMAN, LLC 
HERMAN ELECTRONICS, INC.

HERMAN INTEGRATION SERVICES, LLC
		
	By:	 	 /s/ John
Heskett                                        
            

		 	Name:	  	John
Heskett                                        
    
		 	Title:	  	Treasurer

  
 [Signature Page to
Indenture] 

 
					
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Michael K.
Herberger                                    

		 	Name:	  	Michael K. Herberger                                
		 	Title:	  	Vice President

  
 [Signature Page to
Indenture] 

 APPENDIX A 

PROVISIONS RELATING TO THE INITIAL NOTES AND THE ADDITIONAL NOTES 

Section 1.1     Definitions. 

(a)    Capitalized Terms. 

Capitalized terms used but not defined in this Appendix A have the meanings given to them in this Indenture. The following capitalized terms
have the following meanings: 
 “Applicable Procedures” means, with respect to any transfer or transaction involving a
Global Note or beneficial interest therein, the rules and procedures of the Depositary for such Global Note, Euroclear or Clearstream, in each case to the extent applicable to such transaction and as in effect from time to time. 

“Clearstream” means Clearstream Banking, Société Anonyme, or any successor securities clearing agency. 

“Distribution Compliance Period,” with respect to any Note, means the period of 40 consecutive days beginning on and
including the later of (a) the day on which such Note is first offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S, notice of which day shall be promptly given by the Issuer to the Trustee,
and (b) the date of issuance with respect to such Note or any predecessor of such Note. 
 “Euroclear” means
Euroclear Bank S.A./N.V., as operator of Euroclear systems Clearance System or any successor securities clearing agency. 

“IAI” means an institution that is an “accredited investor” as described in Rule 501(a)(1), (2), (3) or
(7) under the Securities Act and is not a QIB. 
 “QIB” means a “qualified institutional buyer” as defined
in Rule 144A. 
 “Regulation S” means Regulation S promulgated under the Securities Act. 

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

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

“Unrestricted Global Note” means any Note in global form that does not bear or is not required to bear the Restricted Notes
Legend. 
 “U.S. person” means a “U.S. person” as defined in Regulation S. 

(b)    Other Definitions. 
  

			
	 Term:
	  	Defined in
Section:
	 “Agent Members”
	  	2.1(c)
	 “Definitive Notes Legend”
	  	2.2(e)
	 “ERISA Legend”
	  	2.2(e)
	 “Global Note”
	  	2.1(b)
	 “Global Notes Legend”
	  	2.2(e)
	 “IAI Global Note”
	  	2.1(b)
	 “Regulation S Global Note”
	  	2.1(b)
	 “Regulation S Notes”
	  	2.1(a)
	 “Restricted Notes Legend”
	  	2.2(e)
	 “Rule 144A Global Note”
	  	2.1(b)
	 “Rule 144A Notes”
	  	2.1(a)

  
 Appendix A-1 

 Section 2.1    Form and Dating 

(a)    The Initial Notes issued on the date hereof shall be (i) offered and sold by the Issuer to the initial
purchasers thereof and (ii) resold, initially only to (1) QIBs in reliance on Rule 144A (“Rule 144A Notes”) and (2) Persons other than U.S. persons in reliance on Regulation S (“Regulation S
Notes”). Additional Notes may also be considered to be Rule 144A Notes or Regulation S Notes, as applicable. 

(b)    Global Notes. Rule 144A Notes shall be issued initially in the form of one or more permanent Global Notes
in definitive, fully registered form, numbered RA-1 upward (collectively, the “Rule 144A Global Note”) and Regulation S Notes shall be issued initially in the form of
one or more Global Notes, numbered RS-1 upward (collectively, the “Regulation S Global Note”), in each case without interest coupons and bearing the Global Notes Legend and Restricted Notes
Legend, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Issuer and authenticated by the
Trustee as provided in this Indenture. One or more Global Notes in definitive, fully registered form without interest coupons and bearing the Global Notes Legend and the Restricted Notes Legend, numbered
RIAI-1 upward (collectively, the “IAI Global Note”) shall also be issued on the Issue Date, deposited with the Custodian, and registered in the name of the Depositary or a nominee of the
Depositary, duly executed by the Issuer and authenticated by the Trustee as provided in this Indenture to accommodate transfers of beneficial interests in the Notes to IAIs subsequent to the initial distribution. The Rule 144A Global Note, the
IAI Global Note, the Regulation S Global Note and any Unrestricted Global Note are each referred to herein as a “Global Note” and are collectively referred to herein as “Global Notes.” Each Global Note shall
represent such of the outstanding Notes as shall be specified in the “Schedule of Exchanges of Interests in the Global Note” attached thereto and each shall provide that it shall represent the aggregate principal amount of Notes from time
to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as applicable, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect
the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder
thereof as required by Section 2.06 of this Indenture and Section 2.2(c) of this Appendix A. 

(c)    Book-Entry Provisions. This Section 2.1(c) shall apply only to a Global Note deposited with or on
behalf of the Depositary. 
 The Issuer shall execute and the Trustee shall, in accordance with this Section 2.1(c) and
Section 2.02 of this Indenture and pursuant to an Authentication Order, authenticate and deliver initially one or more Global Notes that (i) shall be registered in the name of the Depositary for such Global Note or Global Notes or the
nominee of such Depositary and (ii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as Custodian. 

Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to
any Global Note held on their behalf by the Depositary or by the Trustee as Custodian or under such Global Note, and the Depositary may be treated by the Issuer, the Trustee and any agent of the Issuer or the Trustee as the absolute owner of such
Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from giving effect to any written certification, proxy or other authorization
furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a Holder of a beneficial interest in any Global Note. 

(d)    Definitive Notes. Except as provided in Section 2.2 or Section 2.3 of this Appendix A, owners of
beneficial interests in Global Notes shall not be entitled to receive physical delivery of Definitive Notes. 

  
 Appendix A-2 

 Section 2.2    Transfer and Exchange. 

(a)    Transfer and Exchange of Definitive Notes for Definitive Notes. When Definitive Notes are presented to the
Registrar with a request: 
 (i) to register the transfer of such Definitive Notes; or 

(ii) to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other authorized
denominations, 
 the Registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such transaction are met;
provided, however, that the Definitive Notes surrendered for transfer or exchange: 

(1)    shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably
satisfactory to the Issuer and the Registrar, duly executed by the Holder thereof or his or her attorney duly authorized in writing; and 

(2)    in the case of Transfer Restricted Notes, they are being transferred or exchanged pursuant to an
effective registration statement under the Securities Act or pursuant to Section 2.2(b) of this Appendix A or otherwise in accordance with the Restricted Notes Legend, and are accompanied by a certification from the transferor in the form
provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers and, as applicable, delivery of such legal opinions, certifications and other information as may be requested pursuant thereto. 

(b)    Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note. A Definitive Note
may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a written instrument of transfer in form
reasonably satisfactory to the Issuer and the Registrar, together with: 
 (i) a certification from the transferor in
the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers and, as applicable, delivery of such legal opinions, certifications and other information as may be requested pursuant thereto;
and 
 (ii) written instructions directing the Trustee to make, or to direct the Custodian to make, an adjustment on its
books and records with respect to such Global Note to reflect an increase in the aggregate principal amount of the Notes represented by the Global Note, such instructions to contain information regarding the Depositary account to be credited with
such increase, 
 the Trustee shall cancel such Definitive Note and cause, or direct the Custodian to cause, in accordance with the standing instructions
and procedures existing between the Depositary and the Custodian, the aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal amount of the Definitive Note to be exchanged and shall credit or
cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Global Note equal to the principal amount of the Definitive Note so canceled. If the applicable Global Note is not then outstanding, the
Issuer shall issue and the Trustee shall authenticate, upon an Authentication Order, a new applicable Global Note in the appropriate principal amount. 

(c)    Transfer and Exchange of Global Notes. 

(i) The transfer and exchange of Global Notes or beneficial interests therein shall be effected through the Depositary, in accordance
with this Indenture (including applicable restrictions on transfer set forth in Section 2.2(d) of this Appendix A, if any) and the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global Note shall deliver to
the Registrar a written order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in such Global Note, or another Global Note
and such account shall be credited in accordance with such order with a beneficial interest in the applicable Global Note and the account of the Person making the transfer shall be debited by an amount equal to the beneficial interest in the Global
Note being transferred. 

  
 Appendix A-3 

 (ii) If the proposed transfer is a transfer of a beneficial interest in one Global
Note to a beneficial interest in another Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an amount equal to the
principal amount of the interest to be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being transferred. 

(iii) Notwithstanding any other provisions of this Appendix A (other than the provisions set forth in Section 2.3 of this Appendix
A), a Global Note may not be transferred except as a whole and not in part if the transfer is by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 

(d)    Restrictions on Transfer of Global Notes; Voluntary Exchange of Interests in Transfer Restricted Global Notes
for Interests in Unrestricted Global Notes. 
 (i) Transfers by an owner of a beneficial interest in a Rule 144A Global Note or an IAI
Global Note to a transferee who takes delivery of such interest through another Restricted Global Note shall be made in accordance with the Applicable Procedures and the Restricted Notes Legend and only upon receipt by the Trustee of a certification
from the transferor in the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers and, as applicable, delivery of such legal opinions, certifications and other
information as may be requested pursuant thereto. In addition, in the case of a transfer of a beneficial interest in either a Regulation S Global Note or a Rule 144A Global Note for an interest in an IAI Global Note, the transferee must
furnish a signed letter substantially in the form of Exhibit B to the Trustee. 
 (ii) During the Distribution
Compliance Period, beneficial ownership interests in the Regulation S Global Note may only be sold, pledged or transferred through Euroclear or Clearstream in accordance with the Applicable Procedures, the Restricted Notes Legend on such Regulation
S Global Note and any applicable securities laws of any state of the U.S. Prior to the expiration of the Distribution Compliance Period, transfers by an owner of a beneficial interest in the Regulation S Global Note to a transferee who takes
delivery of such interest through a Rule 144A Global Note or an IAI Global Note shall be made only in accordance with the Applicable Procedures and the Restricted Notes Legend and upon receipt by the Trustee of a written certification from the
transferor of the beneficial interest in the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers. Such written certification shall no longer be required after the
expiration of the Distribution Compliance Period. Upon the expiration of the Distribution Compliance Period, beneficial ownership interests in the Regulation S Global Note shall be transferable in accordance with applicable law and the other terms
of this Indenture. 
 (iii) Upon the expiration of the Distribution Compliance Period, beneficial interests in the Regulation S Global
Note may be exchanged for beneficial interests in an Unrestricted Global Note upon certification in the form provided on the reverse side of the Form of Note in Exhibit A for an exchange from a Regulation S Global Note to
an Unrestricted Global Note. 
 (iv) Beneficial interests in a Transfer Restricted Note that is a Rule 144A Global Note or an IAI Global
Note may be exchanged for beneficial interests in an Unrestricted Global Note if the Holder certifies in writing to the Registrar that its request for such exchange is in respect of a transfer made in reliance on Rule 144 (such certification to be
in the form set forth on the reverse side of the Form of Note in Exhibit A) and/or upon delivery of such legal opinions, certifications and other information as the Issuer or the Trustee may reasonably request. 

(v) If no Unrestricted Global Note is outstanding at the time of a transfer contemplated by the preceding clauses (iii) and (iv), the
Issuer shall issue and the Trustee shall authenticate, upon an Authentication Order, a new Unrestricted Global Note in the appropriate principal amount. 

  
 Appendix A-4 

 (e)    Legends. 

(i) Except as permitted by Section 2.2(d) and this Section 2.2(e) of this Appendix A, each Note certificate evidencing the
Global Notes and the Definitive Notes (and all Notes 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) (“Restricted Notes Legend”): 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF
IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT
HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: SIX MONTHS AFTER THE LATER OF THE ORIGINAL ISSUE
DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY)] [IN THE CASE OF REGULATION S
NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO PERSONS OTHER THAN
DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT,
(C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT
PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO
NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE
501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL
AMOUNT OF SECURITIES OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO
CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION
DATE. [IN THE CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN
ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.] 

  
 Appendix A-5 

 Each Definitive Note shall bear the following additional legend (“Definitive Notes
Legend”): 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND
OTHER INFORMATION AS SUCH REGISTRAR AND TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
 Each
Global Note shall bear the following additional legend (“Global Notes 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. 

Each Note shall bear the following additional legend (“ERISA Legend”): 

BY ITS ACQUISITION OF THIS SECURITY (OR ANY INTEREST HEREIN), THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER
(1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY (OR INTEREST HEREIN) CONSTITUTES THE ASSETS OF ANY (A) “EMPLOYEE BENEFIT PLAN” WITHIN THE MEANING OF SECTION 3(3) OF THE U.S. EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED (“ERISA”) THAT IS SUBJECT TO TITLE I OF ERISA, (B) PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
“CODE”) OR PROVISIONS UNDER ANY OTHER U.S. OR NON-U.S. FEDERAL, STATE, LOCAL, OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR
(C) ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE THE ASSETS OF ANY OF THE FOREGOING DESCRIBED IN CLAUSES (A) AND (B), PURSUANT TO ERISA OR OTHERWISE, OR (2) THE ACQUISITION, HOLDING AND SUBSEQUENT DISPOSITION OF THIS
SECURITY (OR ANY INTEREST HEREIN) WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 

(ii) Upon any sale or transfer of a Transfer Restricted Note that is a Definitive Note, the Registrar shall permit the Holder thereof to
exchange such Transfer Restricted Note for a Definitive Note that does not bear the Restricted Notes Legend and the Definitive Notes Legend and rescind any restriction on the transfer of such Transfer Restricted Note if the Holder certifies in
writing to the Registrar that its request for such exchange is in respect of a transfer made in reliance on Rule 144 (such certification to be in the form set forth on the reverse side of the Form of Note in Exhibit A)
and provides such legal opinions, certifications and other information as the Issuer or the Trustee may reasonably request. 

  
 Appendix A-6 

 (iii) Any Additional Notes sold in a registered offering shall not be required to bear
the Restricted Notes Legend. 
 (f)    Cancellation or Adjustment of Global Note. At such time as all beneficial
interests in a Global Note have either been exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed, repurchased or canceled, such Global Note shall be returned by the Depositary to the Trustee for
cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed,
repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Registrar (if it is then the Custodian for such Global Note) with respect to such
Global Note, by the Registrar or the Custodian, to reflect such reduction. 
 (g)    Obligations with Respect to
Transfers and Exchanges of Notes. 
 (i) To permit registrations of transfers and exchanges, the Issuer shall execute and the
Trustee shall authenticate, Definitive Notes and Global Notes at the Registrar’s request. 
 (ii) No service charge shall be imposed
in connection with any registration of transfer or exchange (other than pursuant to Section 2.07 of this Indenture), but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in
connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 4.15 and 9.05 of this Indenture). 

(iii) Prior to the due presentation for registration of transfer of any Note, the Issuer, the Trustee, the Paying Agent or the Registrar may
deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal, premium, if any, and interest on such Note and for all other purposes whatsoever, whether or not such
Note 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 Notes 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 Notes surrendered upon such transfer or exchange. 
 (v) In order to effect
any transfer or exchange of an interest in any Transfer Restricted Note for an interest in a Note that does not bear the Restricted Notes Legend and has not been registered under the Securities Act, if the Registrar so requests or if the Applicable
Procedures so require, an Opinion of Counsel, in form reasonably acceptable to the Registrar to the effect that no registration under the Securities Act is required in respect of such exchange or transfer or the
re-sale of such interest by the beneficial Holder thereof, shall be required to be delivered to the Registrar and the Trustee. 

(h)    No Obligation of the Trustee. 

(i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the
Depositary or any other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any
participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such Notes. All notices and communications to
be given to the Holders and all payments to be made to Holders under the Notes shall be given or made only to the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of beneficial owners in any
Global Note shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to
its members, participants and any beneficial owners. 

  
 Appendix A-7 

 (ii) The Trustee shall have no obligation or duty to monitor, determine or inquire as
to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary participants, members or beneficial
owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to
determine substantial compliance as to form with the express requirements hereof. 
 Section 2.3    Definitive Notes. 

(a)    A Global Note deposited with the Depositary or with the Trustee as Custodian pursuant to Section 2.1 may be
transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if such transfer complies with Section 2.2
of this Appendix A and (i) the Depositary notifies the Issuer that it is unwilling or unable to continue as a Depositary for such Global Note or if at any time the Depositary ceases to be a “clearing agency” registered under the
Exchange Act and, in each case, a successor depositary is not appointed by the Issuer within 90 days of such notice or after the Issuer becomes aware of such cessation or (ii) an Event of Default has occurred and is continuing and the
Registrar has received a request from the Depository. In addition, any Affiliate of the Issuer or any Guarantor that is a beneficial owner of all or part of a Global Note may have such Affiliate’s beneficial interest transferred to such
Affiliate in the form of a Definitive Note by providing a written request to the Issuer and the Trustee and such Opinions of Counsel, certificates or other information as may be required by this Indenture or the Issuer or Trustee. 

(b)    Any Global Note that is transferable to the beneficial owners thereof pursuant to this Section 2.3 shall be
surrendered by the Depositary to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion of such Global Note, an equal aggregate
principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section 2.3 shall be executed, authenticated and delivered only in denominations of $2,000 and integral multiples of
$1,000 in excess thereof and registered in such names as the Depositary shall direct. Any Definitive Note delivered in exchange for an interest in a Global Note that is a Transfer Restricted Note shall, except as otherwise provided by
Section 2.2(e) of this Appendix A, bear the Restricted Notes Legend. 
 (c)    The registered Holder of a Global
Note 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 Notes. 

(d)    In the event of the occurrence of any of the events specified in Section 2.3(a) of this Appendix A, the
Issuer shall promptly make available to the Trustee a reasonable supply of Definitive Notes in fully registered form without interest coupons. 

  
 Appendix A-8 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [Insert
the Restricted Notes Legend, if applicable, pursuant to the provisions of the Indenture] 
 [Insert the Global Notes Legend, if applicable,
pursuant to the provisions of the Indenture] 
 [Insert the Definitive Notes Legend, if applicable, pursuant to the provisions of the
Indenture] 
 [Insert the ERISA Legend, if applicable, pursuant to the provisions of the Indenture] 

  
 A-1 

 CUSIP
[                    ] 
 ISIN
[                    ]1 

[RULE 144A][REGULATION S][IAI][GLOBAL] NOTE 

4.000% Senior Notes due 2029 
  

			
	 No. [RA-    ] [RS-    ] [RIA-    ]
	  	[Up to]2 [$            ]

 RESIDEO FUNDING INC. 

promises to pay to [CEDE & CO.]3 [        ] or
registered assigns the principal sum [set forth on the Schedule of Exchanges of Interests in the Global Note attached hereto]4 [of $        
(         Dollars)]5 on September 1, 2029. 
 Interest
Payment Dates: September 1 and March 1 
 Record Dates: August 15 and February 15 

 
  

	1	 Rule 144A Note CUSIP: 76119L AB7 

Rule 144A Note ISIN: US76119LAB71 

Regulation S Note CUSIP: U76107 AB4 

Regulation S Note ISIN: USU76107AB44 

IAI Note CUSIP: [●] 
 IAI
Note ISIN: [●] 
  

	2 	 Include in Global Notes. 

	3 	 Include in Global Notes 

	4 	 Include in Global Notes 

	5 	 Include in Definitive Notes 

  
 A-2 

 IN WITNESS HEREOF, the Issuer has caused this instrument to be duly executed. 

Dated: 
  

			
	RESIDEO FUNDING INC.
		
	By:	 	
                     
                                         
               

		 	Name:
		 	Title:

  
 A-3 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes referred to in the within-mentioned Indenture: 

 

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	
                     
                                         
               

		 	Authorized Signatory

 Dated: 

  
 A-4 

 [Reverse Side of Note] 

4.000% Senior Notes due 2029 

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

1.    INTEREST. Resideo Funding Inc., a Delaware corporation (the “Issuer”), promises to pay interest on
the principal amount of this Note at 4.000% per annum until but excluding maturity. The Issuer shall pay interest semi-annually in arrears on September 1 and March 1 of each year, or if any such day is not a Business Day, on the next
succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including
[        ] [    ], 20[    ]; provided that the first Interest Payment Date shall be [        ] [    ],
20[    ]. The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the interest rate on the Notes to the
extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the interest rate
on the Notes to the extent lawful. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 

2.    METHOD OF PAYMENT. The Issuer shall pay interest on the Notes to the Persons who are registered Holders at the
close of business on August 15 and February 15 (whether or not a Business Day), as the case may be, immediately preceding the related Interest Payment Date, even if such Notes are canceled after such Record Date and on or before such
Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. Principal, premium, if any, and interest on the Notes shall be payable at the office or agency of the Issuer maintained for such
purpose or, at the option of the Issuer, payment of interest and premium, if any, may be made by check mailed to the Holders at their respective addresses set forth in the Note Register; provided that payment by wire transfer of immediately
available funds shall be required with respect to principal, premium, if any, and interest on all Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions to the Issuer or the Paying Agent at least five
Business Days prior to the applicable payment date. Such payment shall be in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts. 

3.    PAYING AGENT AND REGISTRAR. Initially, U.S. Bank National Association, the Trustee under the Indenture, shall act
as Paying Agent and Registrar. The Issuer may change any Paying Agent or Registrar without notice to the Holders. The Issuer or any of its Restricted Subsidiaries may act in any such capacity. 

4.    INDENTURE. The Issuer issued the Notes under an Indenture, dated as of August 26, 2021 (as amended or
supplemented from time to time, the “Indenture”), among Resideo Funding Inc., the other Guarantors named therein and the Trustee. This Note is one of a duly authorized issue of Notes of the Issuer designated as its 4.000% Notes due
2029. The Issuer shall be entitled to issue Additional Notes pursuant to Section 2.01 of the Indenture. The Notes and any Additional Notes issued under the Indenture shall be treated as a single class of securities under the Indenture. The
terms of the Notes include those stated in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture for a statement of such terms. Any term used in this Note that is defined in the Indenture shall have the
meaning assigned to it in the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

5.    REDEMPTION AND REPURCHASE. The Notes are subject to optional redemption, and may be the subject of certain
repurchase events, as further described in the Indenture. The Issuer shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 

6.    DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and
integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee 

  
 A-5 

 
may require a Holder, among other things, to furnish appropriate endorsements and transfer documents, and Holders shall be required to pay any taxes and fees required by law or permitted by the
Indenture. The Issuer need not exchange or register the transfer of any Note or portion of a Note selected for redemption or tendered for repurchase in connection with a Change of Control Offer, except for the unredeemed portion of any Note being
redeemed or repurchased in part. 
 7.    PERSONS DEEMED OWNERS. The registered Holder may be treated as its owner for
all purposes. 
 8.    AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture, the Guarantees or the Notes may be amended or
supplemented as provided in the Indenture. 
 9.    DEFAULTS AND REMEDIES. The Events of Default relating to the Notes
are defined in Section 6.01 of the Indenture. Upon the occurrence of an Event of Default, the rights and obligations of the Issuer, the Guarantors, the Trustee and the Holders shall be as set forth in the applicable provisions of the Indenture.

 10.    AUTHENTICATION. This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory
for any purpose until authenticated by the manual or electronic signature of the Trustee. 
 11.    GOVERNING LAW. THIS
NOTE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 12.    CUSIP AND ISIN
NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP and ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP and ISIN numbers in notices of
redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers
placed thereon. 
 The Issuer shall furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be
made to the Issuer at the following address: 
 Resideo Funding Inc. 

c/o Resideo Technologies, Inc. 
 901
E 6th Street 
 Austin, TX 78702 

Attention: General Counsel 

  
 A-6 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

(I) or (we) assign and transfer this Note to:           
                                         
                                         
                                         
                                         
   
 (Insert assignee’s legal
name)                     
  

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

 
  
  

 
  

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

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

							
	Date:                                     
                 	 		 		 	
				
		 		 	Your Signature:	 	
                     
                                         
                   

		 		 		 	  (Sign exactly as your name appears on the face of this Note)
	
	Signature
Guarantee*:                                       
                                         
                      

  

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

  
 A-7 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES 

This certificate relates to $         principal amount of Notes 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 a Global Note
held by the Depositary a Note or Notes in definitive, registered form of authorized denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in accordance with the
Indenture; or 

  

	☐	 has requested the Trustee by written order to exchange or register the transfer of a Note or Notes.

 In connection with any transfer of any of the Notes evidenced by this certificate, the undersigned confirms that such Notes are being
transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 
  

					
	 (1)
	  	☐	  	to the Issuer or subsidiary thereof; 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, as amended (the “Securities Act”); or
			
	 (4)
	  	☐	  	to a Person that the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act (“Rule 144A”)) that purchases for its own account or for
the account of a qualified institutional buyer and 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; or
			
	 (5)
	  	☐	  	pursuant to offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act (and if the transfer is being made prior to
the expiration of the Distribution Compliance Period, the Notes shall be held immediately thereafter through Euroclear or Clearstream); or
			
	 (6)
	  	☐	  	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee a signed letter containing certain representations and
agreements; or
			
	 (7)
	  	☐	  	pursuant to Rule 144 under the Securities Act; or
			
	 (8)
	  	☐	  	pursuant to another available exemption from registration under the Securities Act.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this
certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (5), (6), (7) or (8) is checked, the Issuer or the Trustee may require, prior to registering any such transfer of
the Notes, such legal opinions, certifications and other information as the Issuer or the Trustee has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. 

  
 A-8 

					
		  		  	  

		  		  	Your Signature
			
	Date:                    	  		  	  

		  		  	Signature of Signature 
Guarantor

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

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, 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

Name:
 Title:

	Signature Guarantee*:
                                         
                                         
                          

  

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

  
 A-9 

 TO BE COMPLETED IF THE HOLDER REQUIRES AN EXCHANGE FROM A 

REGULATION S GLOBAL NOTE TO AN UNRESTRICTED GLOBAL NOTE, 

PURSUANT TO SECTION 2.2(d)(iii) OF APPENDIX A TO THE INDENTURE6 

The undersigned represents and warrants that either: 
  

	☐	 the undersigned is not a dealer (as defined in the Securities Act) and is a
non-U.S. person (within the meaning of Regulation S under the Securities Act); or 

  

	☐	 the undersigned is not a dealer (as defined in the Securities Act) and is a U.S. person (within the meaning of
Regulation S under the Securities Act) who purchased interests in the Notes pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act; or 

 

	☐	 the undersigned is a dealer (as defined in the Securities Act) and the interest of the undersigned in this Note
does not constitute the whole or a part of an unsold allotment to or subscription by such dealer for the Notes. 

  

					
	Dated:                    	  		  	  

		  		  	Your Signature

  

	6 	 Include only for Regulation S Global Notes. 

  
 A-10 

 OPTION OF HOLDER TO ELECT PURCHASE 

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

					
		  	$            	  	(integral multiples of $1,000;
		  		  	provided that the unpurchased
		  		  	portion must be in a minimum
		  		  	principal amount of $2,000)
	Date:                    

  

							
		 		 	Your Signature:	 	  

		 		 		 	  (Sign exactly as your name appears on the face of this Note)
		 		 	Tax Identification No.:	 	  

	
	Signature
Guarantee*:                                       
                                         
             

  

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

  
 A-11 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is $        . The following
exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 

 

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

  

	*	 This schedule should be included only if the Note is issued in global form. 

  
 A-12 

 EXHIBIT B 

FORM OF 
 TRANSFEREE LETTER OF
REPRESENTATION 
 Resideo Funding Inc. 
 901 E 6th Street 

Austin, TX 78702 
 Attention: General Counsel 

Ladies and Gentlemen: 
 This certificate is
delivered to request a transfer of $[        ] principal amount of the 4.000% Senior Notes due 2029 (the “Notes”) of Resideo Funding Inc. (the “Issuer”). 

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

	
	Name:                                     
             
	
	
Address:                 
                              

	
	
Taxpayer ID Number:              
           

 The undersigned represents and warrants to you that: 

1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of
1933, as amended (the “Securities Act”)), purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal amount of the Notes, and we are acquiring the Notes,
for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the
merits and risks of our investment in the Notes, and we invest in or purchase securities similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its
investment. 
 2. We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold
except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of
the date of original issue and the last date on which the Issuer or any affiliate of the Issuer was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only in accordance with the
Restricted Notes Legend (as such term is defined in the indenture under which the Notes were issued) on the Notes and any applicable securities laws of any state of the United States. The foregoing restrictions on resale will not apply subsequent to
the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause (e) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the
transferee substantially in the form of this letter to the Issuer and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3)
or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Issuer and the Trustee reserve the right prior to the
offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes with respect to applicable transfers described in the Restricted Notes Legend to require the delivery of an opinion of counsel, certifications and/or other
information satisfactory to the Issuer and the Trustee. 
  

			
	TRANSFEREE:
                                         
,
	
	
by:                      
                         

  
 B-1 

 EXHIBIT C 

FORM OF SUPPLEMENTAL INDENTURE 
 TO
BE DELIVERED BY SUBSEQUENT GUARANTORS 
 Supplemental Indenture (this “Supplemental Indenture”), dated as of
[        ] [    ], 20[    ], among                      (the
“Guaranteeing Subsidiary”), a subsidiary of Resideo Technologies Inc., a Delaware corporation (the “Issuer”), Resideo Funding Inc. (the “Issuer”), and U.S. Bank National Association, as trustee (the
“Trustee”). 
 W I T N E S S E T H 

WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the
Trustee an indenture (the “Indenture”), dated as of August 26, 2021, providing for the issuance of an unlimited aggregate principal amount of 4.000% Senior Notes due 2029 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally Guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and

 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 

1.    Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them
in the Indenture. 
 2.    Guarantor. The Guaranteeing Subsidiary hereby agrees to be a Guarantor under the
Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including Article 11 thereof. 

3.    Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. 
 4.    Waiver of Jury Trial. EACH OF THE GUARANTEEING SUBSIDIARY AND THE TRUSTEE
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 5.    Counterparts; Electronic Delivery. The parties may sign
any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or portable
document format (“PDF”) transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes.
Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. The words “execution,” “signed,” “signature,” “delivery” and words of like
import in or relating to this Supplemental Indenture or any document to be signed in connection with this Supplemental Indenture shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which
shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the
transactions contemplated hereunder by electronic means. 

  
 C-1 

 6.    Headings. The headings of the Sections of this
Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

  
 C-2 

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

			
	[NAME OF GUARANTEEING SUBSIDIARY]
		
	By:	 	
                     
                                         
                 

		 	Name:
		 	Title:
	
	RESIDEO FUNDING INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-3Exhibit
10.1

 

FOURTH
AMENDED AND RESTATED INTERCREDITOR AGREEMENT

 

This
FOURTH AMENDED AND RESTATED INTERCREDITOR AGREEMENT (“Agreement”) is entered into as of August 23, 2021, among
SALLYPORT COMMERCIAL FINANCE, LLC (“First Lien Creditor”), Lind Global Macro Fund, LP (“GMF”),
Lind Global Asset Management, LLC (“GAM” and, collectively with GMF, the “Second Lien Creditors”
and each, a “Second Lien Creditor”) and Boxlight Corporation (sometimes referred to as “Debtor”),
in light of the following.

 

RECITALS

 

The
Debtor and the First Lien Creditor have entered into that certain Account Sale and Purchase Agreement, dated August 15, 2017, as amended
(the “First Lien Account Agreement”) pursuant to which First Lien Creditor has agreed to extend certain financial
accommodations to Debtor;

 

The
Debtor and GMF have entered into that certain Securities Purchase Agreement dated as of March 22, 2019 (the “Initial Second
Lien Credit Agreement”) and the Initial Note (as defined below), dated as of February 4, 2020 pursuant to which GMF has extended
certain financial accommodations to Debtor;

 

The
Debtor and GMF have also entered into that certain Securities Purchase Agreement (the “Second Second Lien Credit Agreement”)
dated as of December 13, 2019 and the Second Note (as defined below), dated as of February 4, 2020 pursuant to which GMF has extended
certain financial accommodations to Debtor;

 

The
Debtor and GMF have also entered into that certain Securities Purchase Agreement (the “Third Second Lien Credit Agreement”)
and the Third Note (as defined below), each dated as of February 4, 2020 pursuant to which GMF has extended certain financial accommodations
to Debtor;

 

The
Debtor and GAM have also entered into that certain Securities Purchase Agreement (the “GAM Second Lien Credit Agreement”)
and the GAM Note (as defined below), each dated as of the date hereof pursuant to which GAM has extended certain financial accommodations
to Debtor

 

The
obligations of Debtor under the First Lien Documents are to be secured on a first priority basis by Liens on substantially all of the
assets of Debtor;

 

The
obligations of Debtor under the Second Lien Documents are to be secured on a second priority basis by Liens on substantially all of the
assets of Debtor;

 

The
First Lien Creditor and GMF have entered into a Third Amended and Restated Intercreditor Agreement dated as of September 21, 2020 (the
“Original Intercreditor Agreement”);

 

    	1

     

    

 

In
connection with the Debtor and GAM entering into the GAM Second Lien Credit Agreement, the First Lien Creditor, GMF and GAM desire to
amend and restate the Original Intercreditor Agreement in substantially the form hereof and enter into this Agreement to (a) add GAM
as a party thereto in the capacity as a Second Lien Creditor and reaffirm and confirm the relative priority of their respective security
interests in the assets of Debtor, (b) provide for the application, in accordance with such priorities, of proceeds of such assets and
properties; (c) increase the First Lien Cap to accommodate the increase in the financing available under the First Lien Account Agreement;
and (d) address certain other matters.

 

AGREEMENT

 

In
consideration of the foregoing, the mutual covenants and obligations herein set forth, and for other good and valuable consideration,
the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

SECTION
1. Definitions; Rules of Construction.

 

1.1       Defined
Terms. Any terms (whether capitalized or lower case) used in this Agreement that are defined in the UCC shall be construed and defined
as set forth in the UCC unless otherwise defined herein; provided, that to the extent that the UCC is used to define any term
used herein and if such term is defined differently in different Articles of the UCC, the definition of such term contained in Article
9 of the UCC shall govern. As used in the Agreement, the following terms shall have the following meanings:

 

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

 

“Bankruptcy
Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor
statute.

 

“Bankruptcy
Law” means the Bankruptcy Code and any other federal, state, or foreign law for the relief of debtors or affecting creditors’
rights generally.

 

“Debtor”
has the meanings set forth in the recitals to this Agreement.

 

“Business
Day” means any day other than a Saturday, Sunday, or day on which banks in New York City are authorized or required by law
to close.

 

“Cash
Collateral” has the meaning set forth in Section 6.2.

 

“Claimholders”
means the First Lien Claimholders and the Second Lien Claimholders, or any one of them.

 

“Collateral”
means all of the assets of the Debtor, whether real, personal or mixed, constituting First Lien Collateral or Second Lien Collateral.
For the avoidance of doubt, any stock or other equity interest of the Debtor issued to any Second Lien Creditor in connection with the
conversion of the obligations owing to a Second Lien Creditor under any Note or any warrant received in connection with any Second Lien
Credit Agreement into such equity interests of the Debtor in accordance with the terms of any Second Lien Credit Agreement shall not
constitute Collateral.

 

    	2

     

    

 

“Conforming
Amendment” means any amendment to any Second Lien Document that is substantively identical to a corresponding amendment to
a comparable provision of a First Lien Document.

 

“Debt”
means First Lien Debt or Second Lien Debt, as the context requires.

 

“Default
Disposition” has the meaning set forth in Section 5.1(d).

 

“DIP
Financing” has the meaning set forth in Section 6.2.

 

“DIP
Financing Conditions” means (a) that each Second Lien Creditor retains its Liens on the Collateral with the same priority as
is set forth in Section 2.1 (other than any administrative priority claim or a professional fee “carve-out”) , (b) in the
case of DIP Financing, that the principal amount of loans and face amount of letters of credit available under such DIP Financing plus
the principal amount of outstanding obligations that constitute First Lien Debt does not exceed the First Lien Cap, (c) the proposed
Cash Collateral use or DIP Financing does not compel the Debtor to seek confirmation of a specific plan of reorganization for which all
or substantially all of the material terms are set forth in the Cash Collateral order or DIP Financing documentation, as applicable,
(d) the proposed Cash Collateral order or DIP Financing Documentation does not expressly require the sale, liquidation or disposal of
all or substantially all of the Collateral prior to a default under the Cash Collateral order or DIP Financing Documentation, (e) in
the case of DIP Financing, that the DIP Financing is otherwise subject to the terms of this Agreement; (f) in the case of DIP Financing,
the Liens securing such DIP Financing are pari passu with or superior in priority to the then outstanding First Lien Debt and the Liens
securing such First Lien Debt and (g) in the case of DIP Financing, the interest rate and fees are commercially reasonable under the
circumstances (and, if the DIP Financing includes any advance rates or lending sublimits, such advance rates or lending sublimits, if
any, are also commercially reasonable under the circumstances).

 

“DIP
Financing Documentation” means each of the agreements, documents and instruments providing for, or evidencing any First Lien
Debt owing in respect of, (i) any DIP Financing provided by the First Lien Creditor or (ii) any third party DIP Financing deemed consented
to pursuant to Section 6.2, together with any amendments, replacements, modifications, extensions, renewals or supplements to, or restatements
of, any of the foregoing.

 

“Disposition”
or “Dispose” means the sale, assignment, transfer, license, lease (as lessor), exchange, or other disposition (including
any sale and leaseback transaction) of any property by any person (or the granting of any option or other right to do any of the foregoing).

 

“Enforcement
Action” means

 

(a)
the taking of any action to enforce any Lien in respect of the Collateral, including the institution of any foreclosure proceedings,
the noticing of any public or private sale or other disposition pursuant to Article 9 of the UCC or other applicable law, or any diligently
pursued in good faith attempt to vacate or obtain relief from a stay or other injunction restricting any other action described in this
definition,

 

    	3

     

    

 

(b)
the exercise of any right or remedy provided to a secured creditor under the First Lien Documents or the Second Lien Documents (including,
in either case, any delivery of any notice to otherwise seek to obtain payment directly from any account debtor of the Debtor or any
depositary bank, securities intermediary, or other person obligated on any Collateral of the Debtor, the taking of any action or the
exercise of any right or remedy in respect of the Collateral, or the exercise of any right of setoff or recoupment with respect to obligations
owed to the Debtor), under applicable law, at equity, in an Insolvency Proceeding or otherwise, including the acceptance of Collateral
in full or partial satisfaction of an obligation,

 

(c)
the Disposition of all or any portion of the Collateral, by private or public sale or any other means,

 

(d)
the solicitation of bids from third parties to conduct the Disposition of all or a material portion of the Collateral to the extent undertaken
and being diligently pursued in good faith to consummate the Disposition of such Collateral within a commercially reasonable time,

 

(e)
the engagement or retention of sales brokers, marketing agents, investment bankers, accountants, appraisers, auctioneers, or other third
parties for the purposes of valuing, marketing, or Disposing of all or a material portion of the Collateral to the extent undertaken
and being diligently pursued in good faith to consummate the Disposition of such Collateral within a commercially reasonable time,

 

(f)
the exercise of any other enforcement right relating to the Collateral (including the exercise of any voting rights relating to any equity
interests composing a portion of the Collateral) whether under the First Lien Documents, the Second Lien Documents, under applicable
law of any jurisdiction, in equity, in an Insolvency Proceeding, or otherwise (including the commencement of applicable legal proceedings
or other actions with respect to all or any material portion of the Collateral to facilitate the actions described in the preceding clauses,
and exercising voting rights in respect of equity interests comprising Collateral), and

 

(g)
the pursuit of Default Dispositions relative to all or a material portion of the Collateral to the extent undertaken and being diligently
pursued in good faith to consummate the Disposition of such Collateral within a commercially reasonable time;

 

provided,
that (i) taking of any action in connection with the attempt to receive, or receipt of Ordinary Course Collections and (ii) any exercise
of rights and remedies for specific performance or otherwise to compel the Debtor to comply with any obligations under the Second Lien
Documents shall not constitute an “Enforcement Action”, and provided, further, that the conversion by the Second Lien Creditor
of the obligations owing under any Note in accordance with the terms of any Second Lien Credit Agreement, and the sale or other disposition
of any equity interests received in connection therewith shall not be considered and “Enforcement Action”.

 

“Excess
First Lien Debt” means the sum of (a) the portion of the sum of the principal amount of the actual advances of credit (as distinguished
from principal resulting from compounding of accrued interest, fees and costs) outstanding under the First Lien Documents or the DIP
Financing Documentation, that is in excess of the First Lien Cap, plus (b) the portion of interest and fees that accrues or is
charged with respect to that portion of the principal amount of the advances described in clause (a)) of this definition; provided, however,
that any First Lien Debt that is owed to Debtor or any of its Affiliates shall be deemed to be Excess First Lien Debt (it being understood
that nothing in this Agreement should be interpreted as a consent by the First Lien Creditor or the Second Lien Creditors to permitting
Debtor or any of its affiliates in becoming a Person to whom First Lien Debt is owed).

 

    	4

     

    

 

“Excess
Second Lien Debt” means the sum of (a) the portion of the principal amount of the loans actually advanced (as distinguished
from principal resulting from compounding of accrued interest, fees and costs) and outstanding under the Second Lien Documents that is
in excess of the Second Lien Cap, plus (b) the portion of interest and fees that accrues or is charged with respect to that portion of
the loans described in clause (a) of this definition; provided, however, that any Second Lien Debt that is owed to is owed
to Debtor or any of its Affiliates shall be deemed to be Excess Second Lien Debt (it being understood that nothing in this Agreement
should be interpreted as a consent by the First Lien Creditor or the Second Lien Creditors to permitting Debtor or any of its affiliates
in becoming a Person to whom Second Lien Debt is owed).

 

“Final
Order” means an order of a court of competent jurisdiction as to which the time to appeal, petition for certiorari,
or move for re-argument or rehearing has expired and as to which no appeal, petition for certiorari, or other proceedings for
re-argument or rehearing shall then be pending or, in the event that an appeal, writ of certiorari, or re-argument or rehearing thereof
has been filed or sought, such order shall have been affirmed or confirmed by the highest court to which such order was appealed, or
from which certiorari, re-argument or rehearing was sought and the time to take any further appeal, petition for certiorari or move for
re-argument or rehearing shall have expired; provided, that the possibility that a motion under Rule 59 or Rule 60 of the Federal
Rules of Civil Procedure or any analogous rule under the Federal Rules of Bankruptcy Procedure or applicable state court rules of civil
procedure, may be filed with respect to such order shall not cause such order not to be a Final Order.

 

“First
Lien Cap” means, as of any date of determination, the result of:

 

(a)
the sum of (which amount shall be increased by the amount of all interest, fees, costs, expenses, indemnities, and other amounts accrued
or charged with respect to any of the First Lien Debt (other than Excess First Lien Debt) as and when the same accrues or becomes due
and payable, irrespective of whether the same is added to the principal amount of the First Lien Debt and including the same as would
accrue and become due but for the commencement of an Insolvency Proceeding, whether or not such amounts are allowed or allowable, in
whole or in part, in any such Insolvency Proceeding):

 

	 	 	(i)
    $20,000,000, plus
	 	 	 
	 	 	(ii)
    the First Lien DIP Amount, minus

 

    	5

     

    

 

(b)
the sum of:

 

(i)
the aggregate amount of all payments of the principal of any term loan obligations under the First Lien Account Agreement or any DIP
Financing Documentation among Debtor and First Lien Claimholders, plus

 

(ii)
the amount of all payments of other obligations under the First Lien Account Agreement or any DIP Financing among the Debtor and First
Lien Claimholders that result in a permanent reduction of the credit commitments under the First Lien Account Agreement or such DIP Financing.

 

“First
Lien Claimholders” means, as of any date of determination, the holders of the First Lien Debt at that time, including the First
Lien Creditor.

 

“First
Lien Collateral” means the assets of the Debtor, whether real, personal or mixed, with respect to which a Lien is granted (or
purported to be granted) as security for any First Lien Debt, including all proceeds and products thereof.

 

“First
Lien Collateral Documents” means the First Lien Account Agreement, and any other agreement, document, or instrument pursuant
to which a Lien is granted (or purported to be granted) securing any First Lien Debt or under which rights or remedies with respect to
such Liens are governed.

 

“First
Lien Account Agreement” has the meaning set forth in the recitals to this Agreement.

 

“First
Lien Debt” means all obligations and all other amounts owing, due, or secured under the terms of the First Lien Account Agreement
or any other First Lien Document, whether now existing or arising hereafter, including all principal, premium, interest, fees, attorneys
fees, costs, charges, expenses, reimbursement obligations, any indemnities or guarantees, and all other amounts payable under or secured
by any First Lien Document (including, in each case, any obligations and amounts in respect of any DIP Financing Documentation and all
other amounts accruing on or after the commencement of any Insolvency Proceeding relating to the Debtor, or that would have accrued or
become due under the terms of the First Lien Documents but for the effect of the Insolvency Proceeding and irrespective of whether a
claim for all or any portion of such amounts is allowable or allowed in such Insolvency Proceeding), in each case whether direct or indirect,
absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or unsecured.

 

“First
Lien Default” means any “Event of Default”, as such term is defined in any First Lien Document.

 

“First
Lien DIP Amount” means, solely to provide DIP Financing, $2,500,000.

 

“First
Lien Documents” means the First Lien Collateral Documents and the First Lien Account Agreement, and any DIP Financing Documentation.

 

“First
Lien Priority Debt” means all First Lien Debt other than Excess First Lien Debt.

 

    	6

     

    

 

“GAM
Note” means the “Note” as such term is defined in the GAM Second Lien Credit Agreement.

 

“GAM
Second Lien Credit Agreement” has the meaning set forth in the recitals to this Agreement.

 

“Governmental
Authority” means the government of the United States of America or any other nation, any political subdivision thereof, whether
state, provincial, or local, and any agency, authority, instrumentality, regulatory body, court, central bank, or other entity exercising
executive, legislative, judicial, taxing, regulatory, or administrative powers or functions of or pertaining to government.

 

“Inalienable
Interests” has the meaning set forth in Section 4.4.

 

“Initial
Note” means the “Restated 2019-1 Note” as such term is defined in the Third Second Lien Credit Agreement.

 

“Initial
Second Lien Credit Agreement” has the meaning set forth in the recitals to this Agreement.

 

“Insolvency
Proceeding” means:

 

(a)
any voluntary or involuntary case or proceeding under any Bankruptcy Law with respect to the Debtor;

 

(b)
any other voluntary or involuntary insolvency or bankruptcy case or proceeding, or any receivership, liquidation or other similar
case or proceeding with respect to the Debtor or with respect to a material portion of its assets;

 

(c)
any liquidation, dissolution, or winding up of the Debtor whether voluntary or involuntary and whether or not involving insolvency
or bankruptcy; or

 

(d)
any assignment for the benefit of creditors or any other marshaling of assets or liabilities of the Debtor.

 

“Lien”
means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement, encumbrance, easement, lien (statutory
or other), security interest, or other security arrangement and any other preference, priority, or preferential arrangement of any kind
or nature whatsoever, including any conditional sale contract or other title retention agreement, the interest of a lessor under a capital
lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing.

 

“Note”
means each of the Initial Note, the Second Note, the Third Note and the GAM Note and “Notes” means, collectively, the Initial
Note, the Second Note and the Third Note.

 

“Ordinary
Course Collections” has the meaning set forth in Section 4.1.

 

    	7

     

    

 

“Payment
in Full of First Lien Priority Debt” means, except to the extent otherwise expressly provided in Section 5.5 or in Section
6.8:

 

(a)
payment in U.S. Dollars in full in cash, immediately available funds or other consideration (solely to the extent accepted by, and consented
to, by the First Lien Creditor in writing) of all of the First Lien Priority Debt; and

 

(b)
termination or expiration of all commitments, if any, of the First Lien Creditor to extend credit to the Debtor.

 

“Payment
in Full of Second Lien Priority Debt” means:

 

(a)
payment in U.S. Dollars in full in cash, immediately available funds, or other consideration acceptable to the Second
Lien Creditors of all of the Second Lien Priority Debt (other than unasserted contingent indemnification obligations);
and

 

(b)
termination or expiration of all commitments, if any, of the Second Lien Creditors to extend credit to Debtor.

 

“person”
means any natural person, corporation, trust, business trust, joint venture, joint stock company, association, company, limited liability
company, partnership, Governmental Authority, or other entity.

 

“Pledged
Collateral” has the meaning set forth in Section 5.4(a).

 

“Recovery”
has the meaning set forth in Section 6.8.

 

“Second
Lien Cap” means, as of any date of determination, the result of:

 

(a)
$28,600,000 (which amount shall be increased by the amount of all interest, fees, costs, expenses, indemnities, and other amounts
accrued or charged with respect to any of the Second Lien Debt (other than Excess Second Lien Debt) as and when the same accrues or
becomes due and payable, irrespective of whether the same is added to the principal amount of the Second Lien Debt and including the
same as would accrue and become due but for the commencement of an Insolvency Proceeding, whether or not such amounts are allowed or
allowable, in whole or in part, in any such Insolvency Proceeding), minus

 

(b)
the aggregate amount of all payments of the principal of the term loan obligations under the Second Lien Credit Agreements, plus

 

(c)
any increase in the principal amount by payment-in-kind of interest accrued on the amount set forth in clause (a).

 

“Second
Lien Claimholders” means, as of any date of determination, the holders of the Second Lien Debt at that time, including the
Second Lien Collateral.

 

    	8

     

    

 

“Second
Lien Collateral” means all of the assets of the Debtor, whether real, personal, or mixed, with respect to which a Lien is granted
(or purported to be granted) as security for any Second Lien Debt, including all proceeds and products thereof.

 

“Second
Lien Collateral Documents” means the Second Lien Security Agreement, and any other agreement, document, or instrument pursuant
to which a Lien is granted (or purported to be granted) securing any Second Lien Debt or under which rights or remedies with respect
to such Liens are governed.

 

“Second
Lien Credit Agreement” means each of the Initial Second Lien Credit Agreement, the Second Second Lien Credit Agreement, the
Third Second Lien Credit Agreement and the GAM Second Lien Credit Agreement, and “Second Lien Credit Agreements” mean, collectively,
the Initial Second Lien Credit Agreement, the Second Second Lien Credit Agreement, the Third Second Lien Credit Agreement and the GAM
Second Lien Credit Agreement.

 

“Second
Lien Debt” means all obligations and all other amounts owing, due, or secured under the terms of the Second Lien Credit Agreements
or any other Second Lien Document, whether now existing or arising hereafter, including all principal, premium, interest, fees, attorneys
fees, costs, charges, expenses, reimbursement obligations, obligations with respect to loans, indemnities, guarantees, and all other
amounts payable under or secured by any Second Lien Document (including, in each case, all amounts accruing on or after the commencement
of any Insolvency Proceeding relating to the Debtor, or that would have accrued or become due under the terms of the Second Lien Documents
but for the effect of the Insolvency Proceeding and irrespective of whether a claim for all or any portion of such amounts is allowable
or allowed in such Insolvency Proceeding), in each case whether direct or indirect, absolute or contingent, joint or several, due or
not due, primary or secondary, liquidated or unliquidated, secured or unsecured.

 

“Second
Lien Default” means any “Event of Default”, as such term is defined in any Second Lien Document.

 

“Second
Lien Deficiency Claim” means any portion of the Second Lien Debt consisting of an allowed unsecured claim under Section 506(a)
of the Bankruptcy Code (or any similar provision under any other law governing an Insolvency Proceeding).

 

“Second
Lien Documents” means the Second Lien Collateral Documents, the Second Lien Credit Agreements, the Notes, and each of the other
Transaction Documents (as that term is defined in each Second Lien Credit Agreement).

 

“Second
Lien Priority Debt” means all Second Lien Debt other than Excess Second Lien Debt.

 

“Second
Lien Secured Claim” means any portion of the Second Lien Debt not constituting a Second Lien Deficiency.

 

“Second
Lien Security Agreement” means the “Security Agreement” as that term is defined in the GAM Second Lien Credit Agreement.

 

    	9

     

    

 

“Second
Note” means the “Restated 2019-2 Note” as such term is defined in the Third Second Lien Credit Agreement.

 

“Second
Second Lien Credit Agreement” has the meaning set forth in the recitals to this Agreement.

 

“Standstill
Notice” means a written notice from any Second Lien Creditor to First Lien Creditor identified by its terms as a “Standstill
Notice” for purposes of this Agreement stating one or more of the following: (a) a Second Lien Default has occurred and is continuing
and that, as a consequence thereof, such Second Lien Creditor has accelerated the Second Lien Obligations, (b) a Second Lien Default
resulting from the failure to pay (i) regularly scheduled interest or (ii) any mandatory prepayment, in either case, that is required
to be paid pursuant to the terms of any Second Lien Credit Agreement (as in effect on the date hereof or as amended as permitted hereby)
has occurred and is continuing, or (c) a Second Lien Default resulting from the breach by the Debtor of any other covenant of any Second
Lien Credit Agreement (as in effect on the date hereof or as amended as permitted hereby) or any other Second Lien Document.

 

“Standstill
Period” means the period of 180 days commencing on the date on which First Lien Creditor receives the applicable Standstill
Notice.

 

“Subsidiary”
of a person means a corporation, partnership, limited liability company, or other entity in which that person directly or indirectly
owns or controls the equity interests having ordinary voting power to elect a majority of the board of directors (or appoint other comparable
managers) of such corporation, partnership, limited liability company, or other entity.

 

“Third
Note” means the “Note” as such term is defined in the Third Second Lien Credit Agreement.

 

“Third
Second Lien Credit Agreement” has the meaning set forth in the recitals to this Agreement.

 

“Triggering
Event” means (a) the acceleration of any First Lien Priority Debt or such First Lien Priority Debt shall remain unpaid after
the maturity date provided for in the First Lien Account Agreement as of the date hereof, (b) First Lien Creditor’s taking (or
notifying Second Lien Creditor of its intention to immediately take) any Enforcement Action with respect to all or a material portion
of the Collateral, (c) the occurrence of (or First Lien Creditor’s notifying Second Lien Creditors of its intention to consent
to) a Default Disposition with respect to all or a material portion of the Collateral, (d) the occurrence of a First Lien Default under
the First Lien Account Agreement (as in effect on the date hereof) and such First Lien Default continues unwaived or uncured for more
than thirty (30) days, or (e) the commencement of an Insolvency Proceeding with respect to the Debtor.

 

“UCC”
means the Uniform Commercial Code (or any similar or comparable legislation) as in effect in any applicable jurisdiction.

 

    	10

     

    

 

1.2
Construction. The definitions of terms in this Agreement shall apply equally to 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.” The
word “will” shall be construed to have the same meaning and effect as the word “shall.” The term “or”
shall be construed to have, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” Except
to the extent expressly provided herein, any term used in this Agreement and not defined in this Agreement shall have the meaning set
forth in the First Lien Account Agreement as in effect on the date hereof. Unless the context requires otherwise:

 

(a)
except as otherwise provided herein, any definition of or reference to any agreement, instrument, or other document herein shall be construed
as referring to such agreement, instrument, or other document as from time to time amended, restated, supplemented, modified, renewed,
extended, Refinanced, refunded, or replaced in accordance with the terms hereof;

 

(b)
any reference to any agreement, instrument, or other document herein “as in effect on the date hereof” shall be construed
as referring to such agreement, instrument, or other document without giving effect to any amendment, restatement, supplement, modification,
or Refinancing occurring after the date hereof in accordance with the terms hereof;

 

(c)
any definition of, or reference to, First Lien Debt or the Second Lien Debt herein shall be construed as referring to the First Lien
Debt or the Second Lien Debt (as applicable) as from time to time amended, restated, supplemented, modified, renewed or extended in accordance
with the terms hereof;

 

(d)
any reference herein to any person shall be construed to include such person’s successors and assigns and as to the Debtor shall
be deemed to include a receiver, trustee, or debtor-in-possession on behalf of any of such person or on behalf of any such successor
or assignee of such person;

 

(e)
except as otherwise expressly provided herein, any reference to First Lien Creditor agreeing to or having the right to do, or refraining
from or having the right to refrain from doing, an act shall be construed as binding on each of the First Lien Claimholders, any reference
to First Lien Creditor shall be construed as referring to First Lien Creditor, for itself and on behalf of the other First Lien Claimholders,
any reference to a Second Lien Creditor agreeing to or having the right to do, or refraining from or having the right to refrain from
doing, an act shall be construed as binding upon each of the Second Lien Claimholders, any reference to Second Lien Creditors shall be
construed as referring to each Second Lien Creditor, for itself and on behalf of the other Second Lien Claimholders, any reference to
the First Lien Claimholders shall be construed as including First Lien Creditor, and any reference to the Second Lien Claimholders shall
be construed as referring to the Second Lien Creditors;

 

    	11

     

    

 

(f)
the words “herein,” “hereof,” and “hereunder,” and words of similar import, shall be construed to
refer to this Agreement in its entirety and not to any particular provision hereof;

 

(g)
all references herein to Sections shall be construed to refer to Sections of this Agreement unless otherwise specified herein; and

 

(h)
the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and
all tangible and intangible assets and properties, including cash, securities, accounts, and contract rights.

 

SECTION
2. Lien Priorities.

 

2.1
Relative Priorities.

 

(a)
Notwithstanding the date, time, method, manner, or order of grant, attachment, or perfection of any Liens in the Collateral securing
the Second Lien Debt or of any Liens in the Collateral securing the First Lien Debt (including, in each case, notwithstanding whether
any such Lien is granted (or secures Debt relating to the period) before or after the commencement of any Insolvency Proceeding) and
notwithstanding any contrary provision of the UCC or any other applicable law or the Second Lien Documents or any defect or deficiencies
in the Liens securing the First Lien Debt, or any other circumstance whatsoever, First Lien Creditor and Second Lien Creditors hereby
agree that:

 

(i)
any Lien with respect to the Collateral securing any First Lien Priority Debt, whether such Lien is now or hereafter held by or on behalf
of, or created for the benefit of, First Lien Creditor or any other First Lien Claimholder or any agent or trustee therefor, regardless
of how or when acquired, whether by grant, possession, statute, operation of law, subrogation, or otherwise, shall be senior in all respects
and prior to any Lien with respect to the Collateral securing (A) any Second Lien Debt or (B) any Excess First Lien Debt;

 

(ii)
any Lien with respect to the Collateral securing any Second Lien Priority Debt, whether such Lien is now or hereafter held by or on behalf
of, or created for the benefit of, any Second Lien Creditor or any other Second Lien Claimholder or any agent or trustee therefor, regardless
of how or when acquired, whether by grant, possession, statute, operation of law, subrogation, or otherwise, shall be (A) junior and
subordinate in all respects to all Liens with respect to the Collateral securing any First Lien Priority Debt and (B) senior in all respects
and prior to any Lien with respect to the Collateral securing (1) any Excess First Lien Debt or (2) any Excess Second Lien Debt;

 

(iii)
any Lien with respect to the Collateral securing any Excess First Lien Debt, whether such Lien is now or hereafter held by or on behalf
of, or created for the benefit of, First Lien Creditor or any other First Lien Claimholder or any agent or trustee therefor, regardless
of how or when acquired, whether by grant, possession, statute, operation of law, subrogation, or otherwise, shall be (A) junior and
subordinate in all respects to all Liens with respect to the Collateral securing (1) any First Lien Priority Debt or (2) any Second Lien
Priority Debt and (B) be senior in all respects and prior to any Lien with respect to the Collateral securing any Excess Second Lien
Debt; and

 

    	12

     

    

 

(iv)
any Lien with respect to the Collateral securing any Excess Second Lien Debt, whether such Lien is now or hereafter held by or on behalf
of, or created for the benefit of, any Second Lien Creditor or any other Second Lien Claimholder or any agent or trustee therefor, regardless
of how or when acquired, whether by grant, possession, statute, operation of law, subrogation, or otherwise, shall be junior and subordinate
in all respects to all Liens with respect to the Collateral securing (A) any First Lien Priority Debt, (B) any Second Lien Priority Debt,
or (C) any Excess First Lien Debt.

 

(b)
All Liens with respect to the Collateral securing any First Lien Priority Debt shall be and remain senior in all respects and prior to
all Liens with respect to the Collateral securing any Second Lien Debt or any Excess First Lien Debt, in each case, for all purposes,
whether or not such Liens securing any First Lien Priority Debt are avoided, invalidated, unenforceable or subordinated to any Lien securing
any other obligation of the Debtor or any other person (but, in the case of subordination, only to the extent that such subordination
is permitted pursuant to the terms of the First Lien Account Agreement and the Second Lien Credit Agreements, or as contemplated in Section
6.2). All Liens with respect to the Collateral securing any Second Lien Priority Debt shall be and remain senior in all respects and
prior to all Liens with respect to the Collateral securing any Excess First Lien Debt or any Excess Second Lien Debt, in each case, for
all purposes, whether or not such Liens securing any Second Lien Priority Debt are avoided, invalidated, unenforceable or subordinated
to any Lien securing any other obligation of the Debtor or any other person (but, in the case of subordination, only to the extent that
such subordination is permitted pursuant to the terms of the First Lien Account Agreement and the Second Lien Credit Agreements, or as
contemplated in Section 6.2). All Liens with respect to the Collateral securing any Excess First Lien Debt shall be and remain senior
in all respects and prior to all Liens with respect to the Collateral securing any Excess Second Lien Debt for all purposes, whether
or not such Liens securing any Excess First Lien Debt are avoided, invalidated, unenforceable or subordinated to any Lien securing any
other obligation of the Debtor or any other person (but, in the case of subordination, only to the extent that such subordination is
permitted pursuant to the terms of the First Lien Account Agreement and the Second Lien Credit Agreements, or as contemplated in Section
6.2)

 

2.2
Prohibition on Contesting Liens or Claims. Each of Second Lien Creditors and First Lien Creditor agrees that it will not (and
hereby waives any right to), directly or indirectly, contest, or support any other person in contesting, in any proceeding (including
any Insolvency Proceeding), (a) the extent, validity, attachment, perfection, priority, or enforceability of a Lien held by or on behalf
of any of the First Lien Claimholders in the First Lien Collateral (or the extent, validity, allowability, or enforceability of any First
Lien Debt secured thereby or purported to be secured thereby) or by or on behalf of any of the Second Lien Claimholders in the Second
Lien Collateral (or the extent, validity, allowability, or enforceability of any Second Lien Debt secured thereby or purported to be
secured thereby), as the case may be, or the provisions of this Agreement; provided, that nothing in this Agreement shall be construed
to prevent or impair the rights of First Lien Creditor, any other First Lien Claimholder, any Second Lien Creditor, or any other Second
Lien Claimholder to enforce the terms of this Agreement, including the provisions of this Agreement relating to the priority of the Liens
securing the First Lien Debt and the Second Lien Debt as provided in Sections 2.1 and 3.

 

    	13

     

    

 

2.3
New Liens.

 

(a)
So long as the Payment in Full of First Lien Priority Debt has not occurred, and so long as no Insolvency Proceeding has been commenced
by or against the Debtor, the parties hereto agree that, subject to Section 2.4(b), the Debtor shall not:

 

(i)
grant or permit any additional Liens on any asset to secure any Second Lien Debt unless the Debtor gives First Lien Creditor at least
5 Business Days prior written notice thereof and unless such notice also offers to grant a Lien on such asset to secure the First Lien
Debt concurrently with the grant of a Lien thereon in favor of any Second Lien Creditor; or

 

(ii)
grant or permit any additional Liens on any asset to secure any First Lien Debt unless the Debtor gives the Second Lien Creditors at
least 5 Business Days prior written notice thereof and unless such notice also offers to grant a Lien on such asset to secure the Second
Lien Debt concurrently with the grant of a Lien thereon in favor of First Lien Creditor.

 

(b)
To the extent that the foregoing provisions are not complied with for any reason, without limiting any other rights and remedies available
to First Lien Creditor or the other First Lien Claimholders, each Second Lien Creditor agrees that any amounts received by or distributed
to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.3 shall be subject to Section
4.2.

 

2.4
Similar Liens and Agreements.

 

(a)
The parties hereto agree that it is their intention that the First Lien Collateral and the Second Lien Collateral be identical. In furtherance
of the foregoing and of Section 9.8, the parties hereto agree, subject to the other provisions of this Agreement:

 

(i)
upon request by First Lien Creditor or a Second Lien Creditor, to cooperate in good faith (and to direct their counsel to cooperate in
good faith) from time to time in order to determine the specific items included in the First Lien Collateral and the Second Lien Collateral
and the steps taken or to be taken to perfect their respective Liens thereon and the identity of the respective parties obligated under
the First Lien Documents and the Second Lien Documents; and

 

(ii)
that the First Lien Collateral Documents and Second Lien Collateral Documents shall be, in all material respects, the same with respect
to the description of the Collateral covered thereby.

 

(b)
The foregoing to the contrary notwithstanding, each of the parties agrees that to the extent that First Lien Creditor or a Second Lien
Creditor obtains a Lien in an asset (of a type that is not included in the types of assets included in the Collateral as of the date
hereof or which would not constitute Collateral without a grant of a security interest or lien separate from the First Lien Documents
or Second Lien Documents, as applicable, as in effect immediately prior to obtaining such Lien on such asset) which the other party to
this Agreement elects not to obtain after receiving prior written notice thereof in accordance with the provisions of Section 2.3,
the Collateral securing the First Lien Debt and the Second Lien Debt will not be identical, and the provisions of the documents, agreements
and instruments evidencing such Liens also will not be substantively similar, and any such difference in the scope or extent of perfection
with respect to the Collateral resulting therefrom are hereby expressly permitted by this Agreement.

 

    	14

     

    

 

SECTION
3. Exercise of Remedies.

 

3.1
Standstill. Until the Payment in Full of First Lien Priority Debt has occurred, whether or not any Insolvency Proceeding has been
commenced by or against the Debtor, the Second Lien Creditors and the Second Lien Claimholders will not:

 

(a)
take any Enforcement Action with respect to any Collateral; provided, that (i) if a Second Lien Default has occurred and is continuing,
the applicable Second Lien Creditor may take Enforcement Actions after the expiration of the applicable Standstill Period (it being understood
that if at any time after the delivery of a Standstill Notice that commences a Standstill Period, no Second Lien Default is continuing,
such Second Lien Creditor may not take Enforcement Actions until the expiration of a new Standstill Period commenced by a new Standstill
Notice relative to the occurrence of a new Second Lien Default, (ii) in no event shall a Second Lien Creditor or any other Second Lien
Claimholder take an Enforcement Action with respect to the Collateral if, notwithstanding the expiration of the Standstill Period, First
Lien Creditor or any other First Lien Claimholder shall have commenced prior to the expiration of the Standstill Period (or thereafter
but prior to the commencement of any Enforcement Action by such Second Lien Creditor with respect to all or any material portion of the
Collateral) and be diligently pursuing in good faith an Enforcement Action with respect to all or any material portion of the Collateral,
and (iii) prior to taking any Enforcement Action, or action to commence or petition for any Insolvency Proceeding after the end of the
Standstill Period, a Second Lien Creditor shall give First Lien Creditor not more than 20 Business Days and not less than 5 Business
Days prior written notice of the intention of such Second Lien Creditor or any other Second Lien Claimholder to exercise such rights
and remedies which notice may be sent prior to the end of the Standstill Period).

 

(b)
commence or join with any person (other than First Lien Creditor) in commencing, or filing a petition for, any Insolvency Proceeding
against the Debtor until the expiration of the applicable Standstill Period (it being understood that if at any time after the delivery
of a Standstill Notice that commences a Standstill Period, no Second Lien Default is continuing, no Second Lien Creditor may commence
or join in commencing, or filing a petition for, any such Insolvency Proceeding until the expiration of a new Standstill Period commenced
by a new Standstill Notice relative to the occurrence of a new Second Lien Default, (ii) in no event shall a Second Lien Creditor or
any other Second Lien Claimholder commence or join in commencing, or filing a petition for, any such Insolvency Proceeding if, notwithstanding
the expiration of the Standstill Period, First Lien Creditor or any other First Lien Claimholder shall have commenced prior to the expiration
of the Standstill Period (or thereafter but prior to the commencement of, or filing of any such Insolvency Proceeding by a Second Lien
Creditor with respect to all or any material portion of the Collateral) and be diligently pursuing in good faith an Enforcement Action
with respect to all or any material portion of the Collateral, and (iii) prior to taking any action to commence or petition for any Insolvency
Proceeding after the end of the Standstill Period, the applicable Second Lien Creditor shall give First Lien Creditor not more than 20
Business Days and not less than 5 Business Days prior written notice of the intention of such Second Lien Creditor or any other Second
Lien Claimholder to commence or join in commencing, or filing a petition for, any such Insolvency Proceeding, which notice may be sent
prior to the end of the Standstill Period);

 

    	15

     

    

 

(c)
contest, protest, or object to any Enforcement Action by First Lien Creditor or any other First Lien Claimholder in accordance with the
terms hereof and has no right to direct First Lien Creditor to take any Enforcement Action or take any other action under the First Lien
Documents; and

 

(d)
object to (and waive any and all claims with respect to) the forbearance by First Lien Creditor or the First Lien Claimholders from taking
any Enforcement Action.

 

3.2
Exclusive Enforcement Rights. Until the Payment in Full of First Lien Priority Debt has occurred, whether or not any Insolvency
Proceeding has been commenced by or against the Debtor, but subject to the first proviso to Section 3.1(a), First Lien Creditor and First
Lien Claimholders shall have the exclusive right to take Enforcement Actions with respect to the Collateral without any consultation
with or the consent of Second Lien Creditors or any other Second Lien Claimholder. Subject to Section 3.7, in connection with any Enforcement
Action, First Lien Creditor and the other First Lien Claimholders may enforce the provisions of the First Lien Documents and exercise
remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion. Such exercise
and enforcement shall include the rights of an agent appointed by them to Dispose of Collateral, to incur expenses in connection with
such Disposition, and to exercise all the rights and remedies of a secured creditor under applicable law.

 

3.3
Second Lien Permitted Actions. Anything to the contrary in this Section 3 notwithstanding, a Second Lien Creditor and any
other Second Lien Claimholder may:

 

(a)
if an Insolvency Proceeding has been commenced by or against the Debtor, file a claim or statement of interest with respect to the Second
Lien Debt;

 

(b)
take any action (not adverse to the priority status of the Liens on the Collateral securing the First Lien Priority Debt, or the rights
of First Lien Creditor or any other First Lien Claimholder to undertake Enforcement Actions) in order to create, preserve, perfect or
protect its Lien in and to the Collateral;

 

(c)
file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding, or other pleading made
by any person objecting to or otherwise seeking the disallowance of the claims of the Second Lien Claimholders, including any claims
secured by the Collateral, if any;

 

(d)
vote on any plan of reorganization, file any proofs of claim, and make any other filings and motions that are, in each case, not prohibited
by the provisions of this Agreement, with respect to the Second Lien Debt and the Collateral;

 

(e)
join (but not exercise any control with respect to) any judicial foreclosure proceeding or other judicial lien enforcement proceeding
with respect to the Collateral initiated by First Lien Creditor to the extent that any such action could not reasonably be expected,
in any material respect, to restrain, hinder, limit, delay for any material period or otherwise interfere with an Enforcement Action
by First Lien Creditor (it being understood that neither a Second Lien Creditor nor any Second Lien Claimholder shall be entitled to
receive any proceeds thereof unless otherwise expressly permitted herein);

 

    	16

     

    

 

(f)
bid for or purchase Collateral at any public, private or judicial foreclosure upon such Collateral initiated by any First Lien Claimholder
or any other person, or any sale of Collateral during an Insolvency Proceeding; provided that to the extent a Second Lien Creditor or
such Second Lien Claimholder credit bids its claim against the purchase price, such bid shall result in the Payment in Full of First
Lien Priority Debt;

 

(g)
take Enforcement Actions after the expiration of the Standstill Period if and to the extent specifically permitted by Section 3.1(a);

 

(h)
inspect or appraise the Collateral or to receive information or reports concerning the Collateral, in each case pursuant to the Second
Lien Documents and applicable law; and

 

(i)
enforce the terms of any subordination agreement with respect to any indebtedness or other obligation subordinated to the Second Lien
Debt.

 

3.4
Retention of Proceeds. Neither a Second Lien Creditor nor any other Second Lien Claimholder shall be permitted to retain any proceeds
of Collateral received in connection with any Enforcement Action unless and until the Payment in Full of First Lien Priority Debt has
occurred, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2.

 

3.5
Non-Interference. Subject to Sections 3.1(a), 3.3, and 6.5(b), each Second Lien Creditor hereby:

 

(a)
agrees that such Second Lien Creditor and the other Second Lien Claimholders will not take any action other than as expressly permitted
hereunder that would restrain, hinder, limit, delay, or otherwise interfere with any Enforcement Action by First Lien Creditor or any
other First Lien Claimholder, or that is otherwise not prohibited hereunder, including any Disposition of the Collateral, whether by
foreclosure or otherwise;

 

(b)
subject to Section 3.7, waives any and all rights it or the Second Lien Claimholders may have as a junior lien creditor or otherwise
to object to the manner in which First Lien Creditor or the First Lien Claimholders seek to enforce or collect the First Lien Debt or
the Liens securing the First Lien Debt granted in any of the First Lien Collateral, regardless of whether any action or failure to act
by or on behalf of First Lien Creditor or the First Lien Claimholders is adverse to the interest of the Second Lien Claimholders;

 

(c)
waives any and all rights it or any other Second Lien Claimholders may have to oppose, object to, or seek to restrict the First Lien
Creditor or the other First Lien Claimholders from exercising their rights to set off or credit bid their debt; and

 

(d)
acknowledges and agrees that no covenant, agreement or restriction contained in the Second Lien Collateral Documents or any other Second
Lien Document (other than this Agreement) shall be deemed to restrict in any way the rights and remedies of First Lien Creditor or the
First Lien Claimholders with respect to the Collateral as set forth in this Agreement and the First Lien Credit Documents; provided,
that nothing in this Agreement shall limit the right of such Second Lien Creditor to declare an event of default, to impose default interest,
and to accelerate the Second Lien Debt.

 

    	17

     

    

 

3.6
Unsecured Creditor Remedies. Except as set forth in Sections 2.2, 3.1 (b), (c) or (d), 3.5,
and 6, each Second Lien Creditor and the Second Lien Claimholders may exercise rights and remedies as unsecured creditors generally
against the Debtor in accordance with the terms of the Second Lien Documents and applicable law so long as doing so is not, directly
or indirectly, inconsistent with the terms of this Agreement; provided, that in the event that any Second Lien Claimholder becomes
a judgment Lien creditor in respect of Collateral as a result of its enforcement of its rights as an unsecured creditor with respect
to the Second Lien Debt, such judgment Lien shall be subject to the terms of this Agreement for all purposes as the other Liens securing
the Second Lien Debt.

 

3.7
Commercially Reasonable Dispositions; Notice of Exercise. First Lien Creditor agrees that any Enforcement Action by First Lien
Creditor with respect to Collateral subject to Article 9 of the UCC shall be conducted by First Lien Creditor in a commercially reasonable
manner. Each Second Lien Creditor agrees that any Enforcement Action by Second Lien Creditor with respect to Collateral subject to Article
9 of the UCC shall be conducted by such Second Lien Creditor in a commercially reasonable manner. First Lien Creditor shall provide reasonable
prior notice to the Second Lien Creditors of its initial material Enforcement Action. Each Second Lien Creditor shall provide reasonable
prior notice to First Lien Creditor of its initial material Enforcement Action.

 

SECTION
4. Proceeds.

 

4.1
Application of Proceeds.

 

(a)
Regardless of whether an Insolvency Proceeding has been commenced by or against the Debtor, any Collateral proceeds of Collateral (or
amounts distributed on account of a Lien in the Collateral or proceeds thereof), received in connection with any Enforcement Action or
received in connection with any Insolvency Proceeding involving the Debtor shall (at such time as such Collateral or proceeds or other
amounts have been monetized) be applied:

 

(i)
first, to the Payment in Full of the First Lien Priority Debt (together with the concurrent permanent reduction of commitments) in accordance
with the First Lien Documents,

 

(ii)
second, to the Payment in Full of the Second Lien Priority Debt in accordance with the Second Lien Documents,

 

(iii)
third, to the payment in full in cash, immediately available funds, or other consideration acceptable to the First Lien Creditor (as
set forth in writing) of the Excess First Lien Debt in accordance with the First Lien Documents, and

 

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(iv)
fourth, to the payment in full in cash, immediately available funds, or other consideration acceptable to the Second Lien Creditors of
the Excess Second Lien Debt in accordance with the Second Lien Documents;

 

provided
that, notwithstanding the foregoing, debt and equity reorganization securities shall not be treated as Collateral or proceeds of Collateral
hereunder, and they may be distributed to and retained by the Second Lien Creditors and Second Lien Claimholders prior to the Payment
in Full of First Lien Priority Debt, subject to the provisions of Section 6.9(a) (referred to as “Permitted Reorganization Securities”).

 

(b)
Notwithstanding the foregoing, if any Enforcement Action with respect to the Collateral produces non-cash proceeds (other than Permitted
Reorganization Securities for all purposes herein), then such non-cash proceeds shall be held by the First Lien Creditor as additional
collateral and, at such time as such non-cash proceeds are monetized, shall be applied in the order of application set forth above. First
Lien Creditor shall have no duty or obligation to Dispose of such non-cash proceeds and may Dispose of such non-cash proceeds or continue
to hold such non-cash proceeds, in each case, in its discretion; provided, that any non-cash proceeds received by First Lien Creditor
(other than any non-cash proceeds received on account of any Second Lien Secured Claim) may be distributed by First Lien Creditor to
the First Lien Claimholders in full or partial satisfaction of First Lien Debt in an amount determined by First Lien Creditor acting
at the direction of the requisite First Lien Claimholders or as a court of competent jurisdiction may direct pursuant to a Final Order,
including an order confirming a plan of reorganization in an Insolvency Proceeding. No receipt and application of any Collateral, or
proceeds thereof, received in the ordinary course of business and absent any affirmative enforcement action or remedies (other than the
exercise of control with respect to any deposit account or securities account collateral and any notification to account debtors) by
First Lien Creditor to collect or otherwise realize upon such Collateral (such Collateral, and the proceeds thereof, “Ordinary
Course Collections”) shall constitute an Enforcement Action for purposes of this Agreement and all Ordinary Course Collections
received by First Lien Creditor may be applied, reversed, reapplied, credited, or reborrowed, in whole or in part, pursuant to the First
Lien Account Agreement. Nothing in this Agreement shall be deemed to subordinate the right of any Second Lien Creditor or the Second
Lien Claimholders to receive payment, it being the intent of the parties hereto, that the subordinations herein shall only apply to the
Liens on the Collateral and the proceeds thereof; provided that this provision shall, for clarity, in no way limit the terms set
forth in Sections 4.2 and 4.5 hereof.

 

4.2
Turnover.

 

(a)
Unless and until the Payment in Full of First Lien Priority Debt has occurred (irrespective of whether any Insolvency Proceeding has
been commenced by or against the Debtor), any Collateral, or proceeds thereof (including assets or proceeds subject to Liens referred
to in the final sentence of Section 2.3 or the proviso in Section 3.6), received by a Second Lien Creditor or any Second
Lien Claimholder in violation of Section 4.1(a) above or Section 4.5 (i) in connection with an Enforcement Action with
respect to the Collateral by such Second Lien Creditor or any Second Lien Claimholder, or (ii) as a result of the collusion by such Second
Lien Creditor or any Second Lien Claimholder with the Debtor in violating the rights of First Lien Creditor or any other First Lien Claimholder
(within the meaning of Section 9-332 of the UCC), shall be segregated and held in trust and forthwith paid over to First Lien Creditor
for the benefit of the First Lien Claimholders in the same form as received, with any necessary endorsements or as a court of competent
jurisdiction may otherwise direct, for application to the First Lien Priority Debt in accordance with the First Lien Account Agreement
and Section 4.1(a) above. First Lien Creditor is hereby authorized to make any such endorsements as agent for the Second Lien
Claimholders and this authorization is coupled with an interest and is irrevocable until the Payment in Full of First Lien Debt.

 

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(b)
Unless and until the Payment in Full of First Lien Priority Debt has occurred and except as otherwise expressly provided in Section
2.1, if the Debtor (or any of its assets) is the subject of an Insolvency Proceeding and if any distribution is received by a Second
Lien Creditor or any Second Lien Claimholder on account of their Second Lien Secured Claims in connection with such Insolvency Proceeding
in violation of Section 4.1(a) above (unless such distribution is made under a confirmed plan of reorganization of the Debtor
that is accepted by the requisite affirmative vote of all classes composed of the secured claims of the First Lien Claimholders or otherwise
provides for the Payment in Full of First Lien Priority Debt), then such distribution shall be segregated and held in trust and forthwith
paid over to First Lien Creditor for the benefit of the First Lien Claimholders in the same form as received, with any necessary endorsements
or as a court of competent jurisdiction may otherwise direct for application to the First Lien Priority Debt in accordance with the First
Lien Account Agreement and Section 4.1(a) above. For the avoidance of doubt, except as otherwise expressly provided in Section
2.1, unless and until the Payment in Full of First Lien Priority Debt has occurred, the applicable Second Lien Creditor shall be
required to turnover to the First Lien Creditor and the First Lien Creditor shall be entitled to apply (or, in the case of non-cash proceeds,
hold) in accordance with Section 4.1 any cash or non-cash distribution received by the Second Lien Claimholders in violation of
Section 4.1(a) above on account of their Second Lien Secured Claims pursuant to a confirmed plan of reorganization of the Debtor
(unless such distribution is made under a confirmed plan of reorganization of the Debtor that is accepted by the requisite affirmative
vote of all classes composed of the secured claims of the First Lien Claimholders or otherwise provides for the Payment in Full of First
Lien Priority Debt, but in any event, not including any payments on account of adequate protection received on account of the Second
Lien Claims as permitted hereunder) irrespective of whether such plan of reorganization (or any Final Order in respect thereof) purports
to find that the distribution to the First Lien Claimholders pays the First Lien Priority Debt in full. First Lien Creditor is hereby
authorized to make any such endorsements as agent for the Second Lien Creditors or any such Second Lien Claimholder. This authorization
is coupled with an interest and is irrevocable until the Payment in Full of First Lien Priority Debt.

 

4.3
No Subordination of the Relative Priority of Claims. The parties agree that the subordination of Liens set forth herein is with
respect to the priority of their respective Liens in and to the Collateral only and shall not constitute a subordination of the Second
Lien Debt to the First Lien Debt or a subordination of the First Lien Debt to the Second Lien Debt and nothing in this Agreement will
affect (a) the entitlement of any Second Lien Claimholder to receive and retain required payments of interest, principal and other amounts
in respect of the Second Lien Debt unless the receipt is expressly prohibited by, or results from the Second Lien Claimholder’s
breach of, this Agreement or (b) the right of the Second Lien Claimholder to convert any obligations owing under the Note into equity
interests of the Debtor and take all other actions related thereto as contemplated by the Second Lien Credit Agreements.

 

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4.4
Non-Lienable Assets. Notwithstanding anything to the contrary contained herein (including Section 4.3), if any assets,
licenses, rights, or privileges of the Debtor are incapable of being the subject of a Lien in favor of a secured party (including because
of restrictions under applicable law, the nature of the rights or interests of the Debtor, or the absence of a consent to such Lien by
a third party and irrespective of whether the applicable collateral documents attempt (or purport) to encumber such assets, licenses,
rights, or privileges (the “Inalienable Interests”), then the First Lien Creditor and the Second Lien Creditors agree
that any distribution or recovery First Lien Creditor, or the other First Lien Claimholders, or a Second Lien Creditor, or the other
Second Lien Claimholders, may receive with respect to, or that is allocable to, the value of any such Inalienable Interests, or any proceeds
thereof, whether received in their capacity as unsecured creditors or otherwise, shall be turned over and applied in accordance with
Sections 4.1 and 4.2 as if such distribution or recovery were, or were on account of, Collateral or the proceeds of Collateral.
Until the Payment in Full of First Lien Priority Debt occurs, each Second Lien Creditor hereby appoints the First Lien Creditor, and
any officer or agent of the First Lien Creditor, with full power of substitution, the attorney-in-fact of each Second Lien Claimholder
for the limited purpose of carrying out the provisions of this Section 4.4 and taking any action and executing any instrument
that the First Lien Creditor may reasonably deem necessary or advisable to accomplish the purposes of this Section 4.4, which
appointment is irrevocable and coupled with an interest.

 

4.5
Prepayments. Nothing shall prohibit or otherwise require the consent of the First Lien Creditor for the prepayment of any of the
Second Lien Debt, and nothing shall prohibit or otherwise require the consent of the Second Lien Creditors for the prepayment of the
First Lien Debt.

 

SECTION
5. Releases; Dispositions; Other Agreements.

 

5.1
Releases.

 

(a)
Subject to the terms hereof, First Lien Creditor shall have the exclusive right to make determinations regarding the release or Disposition
of any Collateral pursuant to the terms of the First Lien Documents or in accordance with the provisions of this Agreement, in each case
without any consultation with, consent of, or notice to Second Lien Creditors or any Second Lien Claimholder.

 

(b)
If, in connection with an Enforcement Action by First Lien Creditor as provided for in Section 3, First Lien Creditor releases any of
its Liens on any part of the Collateral (or such Liens are released by operation of law) or releases the Debtor from its obligations
in respect of the First Lien Debt, then the Liens of Second Lien Creditors on such Collateral, and the obligations of the Debtor in respect
of the Second Lien Debt, shall be automatically, unconditionally, and simultaneously released (unless such Enforcement Action was not
conducted in accordance with applicable law as finally determined by a court of competent jurisdiction) and the net cash proceeds of
any such Enforcement Action are applied in accordance with Section 4.1.

 

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(c)
If, in connection with any Disposition of any Collateral permitted under the terms of the First Lien Documents and the Second Lien Documents
(as each is in effect as of the date hereof), First Lien Creditor releases any of its Liens on the portion of the Collateral that is
the subject of such Disposition, or releases the Debtor from its obligations in respect of the First Lien Debt (if the Debtor is the
subject of such Disposition), in each case other than (i) in connection with the Payment in Full of First Lien Priority Debt, or (ii)
after the occurrence and during the continuance of any Second Lien Default, then the Liens of Second Lien Creditors on such Collateral,
and the obligations of the Debtor in respect of the Second Lien Debt, shall be automatically, unconditionally, and simultaneously released
so long as the net cash proceeds of any such Disposition are applied in accordance with the terms of the First Lien Documents as in effect
as of the date hereof.

 

(d)
In the event of any private or public Disposition of all or any material portion of the Collateral by the Debtor with the consent of
First Lien Creditor after the occurrence and during the continuance of a First Lien Default (and prior to the Payment in Full of First
Lien Priority Debt), which Disposition is conducted by the Debtors with the consent of First Lien Creditor in connection with good faith
efforts by First Lien Creditor to collect the First Lien Debt through the Disposition of Collateral (any such Disposition, a “Default
Disposition”), then the Liens of Second Lien Creditors on such Collateral shall be automatically, unconditionally, and simultaneously
released (and, if the Default Disposition includes equity interests in the Debtor, each Second Lien Creditor further agrees to release
those persons whose equity interests are Disposed of from all of their obligations under the Second Lien Documents) so long as (i) First
Lien Creditor also releases its Liens on such Collateral (and, if the Default Disposition includes Equity Interests in the Debtor, First
Lien Creditor is also releasing those persons whose Equity Interests are Disposed of from all of their obligations under the First Lien
Documents), (ii) the net cash proceeds of any such Default Disposition are applied in accordance with Section 4.1 (as if they
were proceeds received in connection with an Enforcement Action), (iii) the Debtor consummating such Default Disposition have (a) provided
each Second Lien Creditor with not less than 10 Business Days written notice, and (b) conducted such Default Disposition in a commercially
reasonable manner as if such Default Disposition were a disposition of collateral by a secured creditor in accordance with Article 9
of the UCC and (iv) no sales or dispositions may be made to the Debtor or Equity Sponsor or any of their Affiliates (unless such disposition
is a sale pursuant to Section 363 of the Bankruptcy Code (or any similar provision of any other Bankruptcy Law) or a disposition pursuant
to a public sale).

 

(e)
To the extent that the Liens of the Second Lien Creditors in and to any Collateral are to be released as provided in this Section
5.1,

 

(i)
Each Second Lien Creditor shall promptly, upon the written request of First Lien Creditor, execute and deliver such release documents
and confirmations of the authorization to file UCC amendments, in each case, as First Lien Creditor may reasonably require in connection
with such Disposition to evidence and effectuate such release; provided, that any such release or UCC amendment by a Second Lien
Creditor shall not extend to or otherwise affect any of the rights, if any, of a Second Lien Creditor to the proceeds from any such Disposition
of any Collateral,

 

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(ii)
from and after the time that the Liens of a Second Lien Creditor in and to the Collateral are released, each Second Lien Creditor shall
be automatically and irrevocably deemed to have authorized First Lien Creditor to file UCC amendments releasing the Collateral subject
to such Disposition as to UCC financing statements between the Debtor and the Second Lien Creditors or any other Second Lien Claimholder
to evidence such release,

 

(iii)
each Second Lien Creditor shall be deemed to have consented under the Second Lien Documents to such Disposition to the same extent as
the consent of First Lien Creditor and the other First Lien Claimholders, and

 

(iv)
in accordance with the provisions of applicable law, the Liens of each Second Lien Creditor shall automatically attach to any proceeds
of any Collateral subject to any such Disposition to the extent not used to repay First Lien Debt.

 

(f)
Until the Payment in Full of First Lien Priority Debt occurs, each Second Lien Creditor hereby irrevocably constitutes and appoints First
Lien Creditor and any officer or agent of First Lien Creditor, with full power of substitution, as its true and lawful attorney-in-fact
with full irrevocable power and authority in the place and stead of such Second Lien Creditor or such holder or in First Lien Creditor’s
own name, from time to time in First Lien Creditor’s discretion, for the purpose of carrying out the terms of this Section 5.1,
to take any and all appropriate action and to execute any and all documents and instruments that may be necessary to accomplish the purposes
of this Section 5.1, including any financing statement amendments (form UCC-3) or any other endorsements or other instruments
of transfer or release.

 

(g)
Until the Payment in Full of First Lien Priority Debt occurs, to the extent that First Lien Creditor or the First Lien Claimholders (i)
have released any Lien on Collateral or the Debtor with respect to the First Lien Debt, and any such Liens or obligations are later reinstated,
or (ii) obtain any new Liens from the Debtor or obtain a guaranty from the Debtor of the First Lien Debt, then each Second Lien Creditor,
for itself and for the Second Lien Claimholders, shall be entitled to obtain a Lien on any such Collateral, subject to the terms (including
the lien subordination provisions) of this Agreement, and a guaranty from the Debtor, as the case may be.

 

5.2
Insurance. Unless and until the Payment in Full of First Lien Priority Debt has occurred:

 

(a)
(i) First Lien Creditor and the First Lien Claimholders shall have the sole and exclusive right, subject to the rights the Debtor under
the First Lien Documents, to adjust and settle any claim under any insurance policy covering the Collateral in the event of any loss
thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting
the Collateral; and (ii) all proceeds of any such insurance policy and any such award (or any payments with respect to a deed in lieu
of condemnation) shall be paid, subject to the rights the Debtor under the First Lien Documents and the Second Lien Documents, first
to the First Lien Claimholders and the Second Lien Claimholders in accordance with the priorities set forth in Section 4.1,
until paid in full in cash, and second, to the owner of the subject property, such other person as may be entitled thereto, or
as a court of competent jurisdiction may otherwise direct; and

 

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(b)
if any Second Lien Creditor or any other Second Lien Claimholder shall, at any time, receive any proceeds of any such insurance policy
or any such award or payment in contravention of this Section 5.2, it shall pay such proceeds over to First Lien Creditor in accordance
with the terms of Section 4.2.

 

5.3
Amendments; Refinancings; Legend.

 

(a)
The First Lien Documents may be amended, supplemented, or otherwise modified in accordance with their terms without notice to, or the
consent of, Second Lien Creditors or any other Second Lien Claimholder, all without affecting the lien subordination or other provisions
of this Agreement; provided, that any such amendment, supplement, or modification shall not, without the prior written consent
of each Second Lien Creditor:

 

(i)
contravene the provisions of this Agreement;

 

(ii)
increase the total yield by more than 2.00 percentage points per annum (including by adding or increasing any interest rate floor but
excluding increases resulting from (A) increases in the underlying reference rate not caused by an amendment, supplement, modification
of the First Lien Account Agreement, or (B) the accrual of interest at the default rate);

 

(iii)
(A) change to earlier dates any scheduled dates upon which payments of principal or interest are due thereon, (B) extend in any four-quarter
period the date of payment of more than two (2) scheduled principal payments or extend prior to Payment in Full of the First Lien Priority
Debt the date of payment of more than four (4) scheduled principal payments, or (C) extend the scheduled final maturity of the First
Lien Account Agreement beyond the scheduled maturity of either Second Lien Credit Agreement;

 

(iv)
modify (or have the effect of a modification of) the redemption, mandatory prepayment, or defeasance provisions of the First Lien Account
Agreement or any other First Lien Document in a manner that makes them more restrictive or burdensome to the Debtor;

 

(v)
change any covenants, defaults, or events of default under the First Lien Account Agreement or any other First Lien Document (including
the addition of covenants, defaults, or events of default not contained in the First Lien Account Agreement or other First Lien Documents
as in effect on the date hereof) to restrict the Debtor from making payments of the Second Lien Debt or amending the Second Lien Documents
that would otherwise be permitted under the First Lien Documents as in effect on the date hereof;

 

(vi)
subordinate any First Lien Debt or the Liens of the First Lien Claimholders on the Collateral, except in the case of a DIP Financing
and with respect to Liens of the type permitted to be prior to the Liens of the First Lien Claimholders in accordance with the definition
of Permitted Liens under the First Lien Account Agreement (as in effect on the date hereof) or in connection with any administrative
priority claim or a professional fee “carve-out”; or

 

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(vii)
add or make more restrictive any First Lien Default or any covenant with respect to the First Lien Debt or make any change to any First
Lien Default or any covenant which would have the effect of making such First Lien Default or covenant more restrictive, unless a corresponding
amendment is also offered to each Second Lien Creditor by the Debtor preserving any cushions that may exist, regardless of whether or
not the Second Lien Creditor accept such offer.

 

(b)
The Second Lien Documents may be amended, supplemented, or otherwise modified in accordance with their terms without notice to, or the
consent of, First Lien Creditor or the First Lien Claimholders, all without affecting the lien subordination or other provisions of this
Agreement; provided, that, any such amendment, supplement, or modification shall not (except with respect to any Conforming Amendment
(provided that any Conforming Amendment to any Second Lien Credit Agreement shall maintain an equivalent proportionate difference between
dollar amounts or ratios, as the case may be, in the relevant provision in such Second Lien Credit Agreement and those in the corresponding
covenant in the First Lien Account Agreement, to the extent that such difference exists between such Second Lien Credit Agreement and
the First Lien Account Agreement on the date hereof or subsequent to the date hereof to the extent both the Second Lien Credit Agreements
and the First Lien Account Agreement are amended in accordance with the terms thereof), without the prior written consent of First Lien
Creditor:

 

(i)
contravene the provisions of this Agreement;

 

(ii)
increase the total yield by more than 2.00 percentage points per annum (including by adding or increasing any interest rate floor but
excluding increases resulting from (A) increases in the underlying reference rate not caused by an amendment, supplement, modification
or Refinancing of the applicable Second Lien Credit Agreement, or (B) the accrual of interest at the default rate);

 

(iii)
change to earlier dates any scheduled dates upon which payments of principal or interest are due thereon;

 

(iv)
(A) the redemption, mandatory prepayment, or defeasance provisions thereof in a manner that makes them more restrictive or burdensome
to the Debtor, or (B) change the redemption, mandatory prepayment, or defeasance provisions to require any redemption, mandatory prepayment,
or defeasance to any Second Lien Claimholder or any other Person (other than to the First Lien Claimholders) prior to the Payment in
Full of First Lien Priority Debt (unless any such payment would be permitted pursuant to Section 4.5 of this Agreement);

 

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(v)
change any covenants, defaults, or events of default under the Second Lien Credit Agreements or any other Second Lien Document (including
the addition of covenants, defaults, or events of default not contained in the Second Lien Documents or other Second Lien Documents as
in effect on the date hereof) to restrict the Debtor from making payments of the First Lien Debt or amending the First Lien Documents
that would otherwise be permitted under the Second Lien Documents as in effect on the date hereof or to restrict the Debtor from the
Disposition of any assets that would otherwise be permitted under the Second Lien Documents as in effect on the date hereof;

 

(vi)
change any financial covenant in a manner adverse to the Debtor thereunder (it being understood that any waiver of any default or Second
Lien Default arising from the failure to comply with any financial covenant, in and of itself, shall not be deemed to be adverse to the
Debtor);

 

(vii)
change any default or Second Lien Default thereunder in a manner adverse to the Debtor thereunder (it being understood that any waiver
of any such default or Second Lien Default, in and of itself, shall not be deemed to be adverse to the Debtor);

 

provided,
the affirmative vote of the First Lien Claimholders shall not be required in connection with any of the actions listed in the foregoing
clauses (i) through (vii) to the extent such amendments are parallel to permitted amendments to the First Lien Documents so long as the
provisions that are amended remain in the same proportion to the corresponding provisions in the First Lien Documents as on the date
hereof.

 

(c)
Any refinancing of all or any portion of the First Lien Debt shall constitute a repayment of such First Lien Debt and a release of the
Lien on the Collateral in favor of the First Lien Creditor. Notwithstanding anything to the contrary herein contained, the amending and
restating of the First Lien Documents from a factoring facility to an asset based lending facility at or about the time of this Agreement
shall not be considered a repayment of such First Lien Debt in favor of the First Lien Creditor for the purpose of this provision, but
instead shall be considered an amendment of the First Lien Documents. Nothing contained in this Section 5.3(c) shall in any manner relieve
any Second Lien Creditor from its obligations under Section 1.8 of the Note and the Security Agreement with respect to certain other
future creditors of the Debtor.

 

(d)
The Debtor agrees that any promissory note evidencing the Second Lien Debt shall at all times include the following language (or language
to similar effect approved by First Lien Creditor):

 

“Anything
herein to the contrary notwithstanding, the liens and security interests securing the obligations evidenced by this promissory note,
the exercise of any right or remedy with respect thereto, and certain of the rights of the holder hereof are subject to the provisions
of the Third Amended and Restated Intercreditor Agreement dated as of September __, 2020 (as amended, restated, supplemented, or otherwise
modified from time to time, the “Intercreditor Agreement”), by and between SALLYPORT COMMERCIAL FINANCE, LLC,
as First Lien Creditor, and LIND GLOBAL MACRO FUND, L.P. and LIND GLOBAL ASSET MANAGEMENT, LLC, as Second Lien Creditor. In the event
of any conflict between the terms of the Intercreditor Agreement and this promissory note, the terms of the Intercreditor Agreement shall
govern and control.”

 

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5.4
Bailee for Perfection.

 

(a)
First Lien Creditor and each Second Lien Creditor each agree to hold, control or otherwise acquire possession of, that part of the Collateral
that is in its possession or control (or in the possession or control of its agents or bailees) to the extent that possession or control
thereof is taken to perfect a Lien thereon under the UCC or other applicable law (such Collateral being referred to as the “Pledged
Collateral”), as bailee and as a non-fiduciary representative, on behalf of and for the benefit of, each Second Lien Creditor
or First Lien Creditor, as applicable (such bailment and agency being intended, among other things, to satisfy the requirements of Sections
8-301(a)(2), 9-313(c), 9-104, 9-105, 9-106, and 9-107 of the UCC), solely for the purpose of perfecting the security interest granted
under the Second Lien Documents or the First Lien Documents, as applicable, subject to the terms and conditions of this Section 5.4.
Unless and until the Payment in Full of First Lien Priority Debt, each Second Lien Creditor agrees to promptly notify First Lien Creditor
of any Pledged Collateral held by it or by any other Second Lien Claimholder, and, immediately upon the request of First Lien Creditor
at any time prior to the Payment in Full of First Lien Priority Debt, each Second Lien Creditor agrees to deliver to First Lien Creditor
any such Pledged Collateral held by it or by any other Second Lien Claimholder, together with any necessary endorsements (or otherwise
allow First Lien Creditor to obtain control of such Pledged Collateral).

 

(b)
First Lien Creditor shall have no obligation whatsoever to any Second Lien Creditor or any other Second Lien Claimholder to ensure that
the Pledged Collateral is genuine or owned by any of Debtor or to preserve rights or benefits of any person except as expressly set forth
in this Section 5.4. No Second Lien Creditor shall have any obligation whatsoever to First Lien Creditor or any other First Lien
Claimholder to ensure that the Pledged Collateral is genuine or owned by the Debtor or to preserve rights or benefits of any person except
as expressly set forth in this Section 5.4. The duties or responsibilities of First Lien Creditor under this Section 5.4
shall be limited solely to holding or controlling the Pledged Collateral as bailee and non-fiduciary representative in accordance with
this Section 5.4 and delivering the Pledged Collateral upon a Payment in Full of First Lien Priority Debt as provided in Section
5.8. The duties or responsibilities of a Second Lien Creditor under this Section 5.4 shall be limited solely to holding or
controlling the Pledged Collateral as bailee and non-fiduciary representative in accordance with this Section 5.4.

 

(c)
First Lien Creditor acting pursuant to this Section 5.4 shall not have by reason of the First Lien Collateral Documents, the Second
Lien Collateral Documents, or this Agreement a fiduciary relationship in respect of a Second Lien Creditor or any other Second Lien Claimholder.
Any Second Lien Creditor acting pursuant to this Section 5.4 shall not have by reason of the First Lien Collateral Documents,
the Second Lien Collateral Documents, or this Agreement a fiduciary relationship in respect of First Lien Creditor or any other First
Lien Claimholder.

 

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(d)
Upon the Payment in Full in cash of all First Priority Lien Debt, First Lien Creditor shall, to the extent permitted by applicable law,
deliver the remaining tangible Pledged Collateral (if any) together with any necessary endorsements, first, to the Second Lien
Creditors to the extent Second Lien Debt remain outstanding as confirmed in writing by the Second Lien Creditors, and, to the extent
that Second Lien Creditors confirm no Second Lien Debt are outstanding, second, to the Debtor to the extent no First Lien Debt
or Second Lien Debt remain outstanding (in each case, so as to allow such person to obtain possession or control of such Pledged Collateral).
At such time, First Lien Creditor further agrees to take all other action reasonably requested by the Second Lien Creditors at the expense
of the Debtor (including amending any outstanding control agreements) to enable Second Lien Creditors to obtain a first priority security
interest in the Collateral.

 

5.5
Injunctive Relief. Should any Second Lien Claimholder in any way take, attempt to, or threaten to take any action contrary to
terms of this Agreement with respect to the Collateral, or fail to take any action required by this Agreement, First Lien Creditor or
any other First Lien Claimholder may obtain relief against such Second Lien Claimholder by injunction, specific performance, or other
appropriate equitable relief, it being understood and agreed by each Second Lien Creditor that (a) the First Lien Claimholders’
damages from such actions may at that time be difficult to ascertain and may be irreparable, and (b) each Second Lien Claimholder waives
any defense that the Debtor or First Lien Claimholders cannot demonstrate damage or be made whole by the awarding of damages. Should
any other First Lien Claimholder in any way take, attempt to, or threaten to take any action contrary to terms of this Agreement with
respect to the Collateral, or fail to take any action required by this Agreement, each Second Lien Creditor or any Second Lien Claimholder
or the Debtor may obtain relief against such First Lien Claimholder by injunction, specific performance, or other appropriate equitable
relief, it being understood and agreed by First Lien that (i) the Second Lien Claimholders’ damages from such actions may at that
time be difficult to ascertain and may be irreparable, and (ii) each First Lien Claimholder waives any defense that the Debtor or Second
Lien Claimholders cannot demonstrate damage or be made whole by the awarding of damages. First Lien Creditor and each Second Lien Creditor
hereby irrevocably waive any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the
remedy of specific performance in any action which may be brought by First Lien Creditor or the other First Lien Claimholders or Second
Lien Creditors or the other Second Lien Claimholders, as the case may be.

 

5.6
Transfer of Pledged Collateral to a Second Lien Creditor.

 

(a)
First Lien Creditor hereby agrees that upon the Payment in Full of First Lien Priority Debt, to the extent permitted by applicable law,
upon the written request of a Second Lien Creditor (with all costs and expenses in connection therewith to be for the account of such
Second Lien Creditor and to be paid by Debtor):

 

(i)
First Lien Creditor shall, without recourse or warranty, take commercially reasonable steps to transfer the possession and control of
the Pledged Collateral, if any, then in its possession or control to GMF on behalf of the Second Lien Creditors, except in the event
and to the extent (A) such Collateral is sold, liquidated, or otherwise disposed of by First Lien Creditor or any other First Lien Claimholder
or by the Debtor as provided herein in full or partial satisfaction of any of the First Lien Debt or (B) it is otherwise required by
any order of any court or other governmental authority or applicable law; and

 

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(ii)
in connection with the terms of any collateral access agreement, whether with a landlord, processor, warehouseman, or other third party
or any control agreement, First Lien Creditor shall notify the other parties thereto that its rights thereunder have been assigned to
GMF on behalf of the Second Lien Creditors (to the extent such assignment is not prohibited by the terms of such agreement) and shall
confirm to such parties that GMF on behalf of the Second Lien Creditors is thereafter the “Agent” (or other comparable term)
as such term is used in any such agreement and is otherwise entitled to the rights of the secured party under such agreement.

 

(b)
The foregoing provision shall not impose on First Lien Creditor or any other First Lien Claimholder any obligations which would conflict
with prior perfected claims therein in favor of any other person or any order or decree of any court or other governmental authority
or any applicable law or give rise to risk of legal liability.

 

SECTION
6. Insolvency Proceedings.

 

6.1
Enforceability and Continuing Priority. This Agreement shall be applicable both before and after the commencement of any Insolvency
Proceeding and all converted or succeeding cases in respect thereof. The relative rights of Claimholders in or to any distributions from
or in respect of any Collateral or proceeds of Collateral, shall continue after the commencement of any Insolvency Proceeding. Accordingly,
the provisions of this Agreement are intended to be and shall be enforceable as a subordination agreement within the meaning of Section
510 of the Bankruptcy Code.

 

6.2
Financing. If the Debtor shall be subject to any Insolvency Proceeding and if First Lien Creditor consents to the use of cash
collateral (as such term is defined in Section 363(a) of the Bankruptcy Code; herein, “Cash Collateral”), on which
First Lien Creditor has a Lien or consents to the Debtor obtaining financing provided under Section 364 of the Bankruptcy Code or any
similar provision of any other Bankruptcy Law (such financing, a “DIP Financing”), and if such Cash Collateral use
or DIP Financing, as applicable, meets the applicable DIP Financing Conditions, then each Second Lien Creditor unconditionally agrees
that it will consent to such Cash Collateral use or raise no objection to such DIP Financing, as applicable (other than objections to
the failure to grant adequate protection that such Second Lien Creditor is permitted to seek under Section 6.5 in connection therewith),
and, if DIP Financing is involved, each Second Lien Creditor will subordinate its Liens in the Collateral (and in any other assets of
the Debtor that may serve as collateral (including avoidance actions, or the proceeds thereof) for such DIP Financing) to the Liens securing
such DIP Financing. If such Cash Collateral use or DIP Financing, as applicable, meets some, but not all, of the applicable DIP Financing
Conditions, then each Second Lien Creditor unconditionally agrees that it will only withhold its consent to such Cash Collateral use
or will only raise an objection to such DIP Financing based upon the DIP Financing Condition(s) which are not met and will not withhold
its consent or object on any other basis (other than objections to the failure to grant adequate protection that such Second Lien Creditor
is permitted to seek under Section 6.5 in connection therewith) and, if DIP Financing is involved and any permitted objection
of Second Lien Creditor is withdrawn, overruled, or otherwise eliminated, each Second Lien Creditor will subordinate its Liens in the
Collateral (and in any other assets of the Debtor that may serve as collateral (including avoidance actions, or the proceeds thereof)
for such DIP Financing) to the Liens securing such DIP Financing. If the proposed DIP Financing meets the applicable DIP Financing Conditions,
each Second Lien Creditor agrees that it shall not, and nor shall any of the Second Lien Claimholders, directly or indirectly, provide,
offer to provide, or support any DIP Financing secured by a Lien senior to or pari passu with the Liens securing the First Lien
Priority Debt; provided, however, that the First Lien Creditor may withhold its consent or object to any DIP Financing
proposed by a Second Lien Creditor or any Second Lien Claimholder which is proposed if First Lien Creditor has not proposed or consented
to DIP Financing which satisfies the DIP Financing Conditions. If, in connection with any Cash Collateral use or DIP Financing, any Liens
on the Collateral held by the First Lien Claimholders to secure the First Lien Debt are subject to a surcharge or are subordinated to
an administrative priority claim, a professional fee “carve-out,” or fees owed to the United States Trustee, and so long
as the amount of such surcharge, claim, carve out or fee is reasonable under the circumstances, then the Liens on the Collateral of the
Second Lien Claimholders securing the Second Lien Debt shall also be subordinated to such interest or claim and shall remain subordinated
to the Liens on the Collateral of the First Lien Claimholders consistent with this Agreement.

 

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6.3
Sales. Each Second Lien Creditor agrees that it will consent to, and will not object or oppose a motion to Dispose of any Collateral
free and clear of the Liens or other claims or interests in favor of the Second Lien Creditor under Section 363 or Section 1129 of the
Bankruptcy Code if (a) the requisite First Lien Claimholders have consented to such Disposition of such Collateral, (b) such motion does
not impair, subject to the priorities set forth in this Agreement, the rights of the Second Lien Claimholders under Section 363(k) of
the Bankruptcy Code (so long as the right of the Second Lien Claimholders to offset its claim against the purchase price only arises
after the First Lien Priority Debt has been paid in full in cash), (c) either (i) pursuant to court order, the Liens of the Second Lien
Claimholders attach to the net proceeds of the Disposition with the same priority and validity as the Liens held by the Second Lien Claimholders
on such Collateral, and the Liens remain subject to the terms of this Agreement, or (ii) the proceeds of the Disposition are applied
in accordance with Section 4.1, and (d) the net cash proceeds of the Disposition that are applied to First Lien Priority Debt permanently
reduce the First Lien Debt to the extent provided in Section 4.1. The foregoing to the contrary notwithstanding, the Second Lien
Claimholders may raise any objections to such Disposition of the Collateral that could be raised by a creditor of the Debtor whose claims
are not secured by Liens on such Collateral, provided such objections are not inconsistent with any other term or provision of this Agreement
and are not based on their status as secured creditors (without limiting the foregoing, Second Lien Creditors may not raise any objections
based on rights afforded by Sections 363(e) and (f) of the Bankruptcy Code to secured creditors (or any comparable provision of any other
Bankruptcy Law) with respect to the Liens granted to such Second Lien Creditor in respect of such assets).

 

6.4
Relief from the Automatic Stay. Until the Payment in Full of First Lien Priority Debt has occurred, each Second Lien Creditor
agrees not to (a) seek (or support any other person seeking) relief from the automatic stay or any other stay in any Insolvency Proceeding
in respect of the Collateral, without the prior written consent of First Lien Creditor; provided, that such Second Lien Creditor
may seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of the Collateral if and to the extent
that First Lien Creditor has obtained relief from or modification of such stay in respect of the Collateral, or (b) oppose any request
by the First Lien Creditor or any other First Lien Claimholder to seek relief from the automatic stay or any other stay in any Insolvency
Proceeding in respect of the Collateral.

 

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6.5
Adequate Protection.

 

(a)
In any Insolvency Proceeding involving the Debtor, each Second Lien Creditor agrees that no Second Lien Claimholder shall object to or
contest,

 

(i)
any request by First Lien Creditor or other First Lien Claimholder for adequate protection of their interest in the Collateral, including
replacement or additional Liens on post-petition assets;

 

(ii)
any (x) objection by First Lien Creditor or First Lien Claimholders to any motion, relief, action, or proceeding based on First Lien
Creditor or First Lien Claimholders claiming a lack of adequate protection or (y) request by any First Lien Claimholder for relief from
the automatic stay; or

 

(iii)
the payment of interest, fees, expenses or other amounts to First Lien Creditor or any other First Lien Claimholder under Section 506(b)
of the Bankruptcy Code.;

 

(b)
In any Insolvency Proceeding involving the Debtor:

 

(i)
if any one or more First Lien Claimholders are granted adequate protection in the form of an additional or replacement Lien (on existing
or future assets the Debtor) in connection with any DIP Financing or use of Cash Collateral, then First Lien Creditor agrees that each
Second Lien Creditor shall also be entitled to seek, without objection from First Lien Claimholders, adequate protection in the form
of an additional or replacement Lien (on such existing or future assets the Debtor), which additional or replacement Lien, if obtained,
shall be subordinate to the Liens securing the First Lien Debt (including those under a DIP Financing) on the same basis as the other
Liens securing the Second Lien Debt are subordinate to the First Lien Debt under this Agreement;

 

(ii)
no Second Lien Claimholder may seek adequate protection except for adequate protection permitted pursuant to Section 6.5(a)(iv)
or adequate protection in the form of an additional or replacement Lien in and to existing or future assets the Debtor, and Second Lien
Creditor further agrees that First Lien Creditor shall also be entitled to seek, without objection from the Second Lien Claimholders,
a senior adequate protection Lien in and to such existing or future assets the Debtor as security for the First Lien Debt and that any
adequate protection Lien securing the Second Lien Debt shall be subordinated to such senior adequate protection Lien securing the First
Lien Debt on the same basis as the other Liens securing the Second Lien Debt are subordinated to the Liens securing the First Lien Debt
under this Agreement;

 

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(iii)
if any one or more First Lien Claimholders are granted adequate protection in the form of a super-priority or other administrative expense
claim in connection with any DIP Financing or use of Cash Collateral, then First Lien Creditor agrees that each Second Lien Creditor
shall also be entitled to seek, without objection from First Lien Claimholders, adequate protection in the form of a super-priority or
other administrative expense claim (as applicable), which super-priority or other administrative expense claim, if obtained, shall be
subordinate to the super-priority or other administrative expense claim of the First Lien Claimholders (such subordination to include
an express provision that the Second Lien Claimholders will not object to (and will consent to) a plan of reorganization that is accepted
by the requisite affirmative vote of all classes composed of the secured claims of First Lien Claimholders based upon the failure of
such plan of reorganization to pay the Second Lien Claimholders’ super-priority or other administrative expense claims in full
in accordance with Section 1129(a)(9)(A) of the Bankruptcy Code);

 

(iv)
if any one or more Second Lien Claimholders are granted adequate protection in the form of a super-priority or other administrative expense
claim in connection with any DIP Financing or use of Cash Collateral, then each Second Lien Creditor agrees that First Lien Creditor
shall also be entitled to seek, without objection from Second Lien Claimholders, adequate protection in the form of a super-priority
or other administrative expense claim (as applicable), which super-priority or other administrative expense claim, if obtained, shall
be senior to the super-priority or other administrative expense claim of the Second Lien Claimholders; and

 

(v)
Any Second Lien Creditor (A) may seek, without objection from the First Lien Claimholders, adequate protection with respect to the Second
Lien Claimholders’ rights in the Collateral in the form of periodic cash payments in an amount not exceeding interest at the non-default
contract rate, together with payment of reasonable out-of-pocket expenses, and (B) without the consent of First Lien Creditor, shall
not seek any other adequate protection in the form of cash payments with respect to their rights in the Collateral.

 

(c)
Neither a Second Lien Creditor nor any other Second Lien Claimholder shall object to, oppose, or challenge the determination of the extent
of any Liens held by the First Lien Creditor or any other First Lien Claimholder or the value of any claims of the First Lien Creditor
or any other First Lien Claimholder under Section 506(a) of the Bankruptcy Code or any claim by the First Lien Creditor or any other
First Lien Claimholder for allowance in any Insolvency Proceeding of First Lien Debt consisting of post-petition interest, fees, or expenses.

 

(d)
Neither First Lien Creditor nor any other First Lien Claimholder shall object to, oppose, or challenge the determination of the extent
of any Liens held by a Second Lien Creditor or any other Second Lien Claimholders or the value of any claims of a Second Lien Creditor
or any other Second Lien Claimholders under Section 506(a) of the Bankruptcy Code or any claim by a Second Lien Creditor or any other
Second Lien Claimholders for allowance in any Insolvency Proceeding of Second Lien Debt consisting of post-petition interest, fees, or
expenses.

 

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6.6
Specific Sections of the Bankruptcy Code. No Second Lien Creditor shall object to, oppose, support any objection, or take any
other action to impede, the right of any First Lien Claimholder to make an election under Section 1111(b)(2) of the Bankruptcy Code.
Each Second Lien Creditor, for itself and on behalf of the Second Lien Claimholders, waives any claim they may hereafter have against
First Lien Creditor or any First Lien Claimholder arising out of the election by First Lien Creditor or any other First Lien Claimholder
of the application of Section 1111(b)(2) of the Bankruptcy Code. Each Second Lien Creditor, for itself and on behalf of the Second Lien
Claimholders, agrees that they will not, directly or indirectly, assert or support the assertion of, and hereby waive any right that
they may to assert or support the assertion of any claim under Section 506(c) or the “equities of the case” exception of
Section 552(b) of the Bankruptcy Code as against First Lien Creditor or any other First Lien Claimholder or any of the Collateral to
the extent securing the First Lien Debt.

 

6.7
No Waiver. Subject to Section 3.1(a) and the other provisions of this Section 6, nothing contained herein shall
prohibit or in any way limit any First Lien Claimholder from objecting in any Insolvency Proceeding involving the Debtor to any action
taken by any Second Lien Claimholder, including the seeking by any Second Lien Claimholder of adequate protection or the assertion by
any Second Lien Claimholder of any of its rights and remedies under the Second Lien Documents.

 

6.8
Avoidance Issues. If any First Lien Claimholder is required in any Insolvency Proceeding or otherwise to turn over, disgorge,
or otherwise pay to the estate of the Debtor any amount paid in respect of First Lien Debt (or if any First Lien Claimholder elects to
do so upon the advice of counsel in connection with the settlement of any claims for turn over or disgorgement) (a “Recovery”),
then such First Lien Claimholder shall be entitled to a reinstatement of the First Lien Debt with respect to all such amounts, and all
rights, interests, priorities, and privileges recognized in this Agreement shall apply with respect to any such Recovery. If this Agreement
shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination
shall not diminish, release, discharge, impair, or otherwise affect the obligations of the parties hereto from such date of reinstatement
and, to the extent the First Lien Cap was decreased in connection with such payment of the First Lien Debt, the First Lien Cap shall
be increased to such extent.

 

6.9
Plan of Reorganization.

 

(a)
If, in any Insolvency Proceeding involving the Debtor, debt obligations of the reorganized debtor secured by Liens upon any property
of the reorganized debtor are distributed pursuant to a confirmed plan of reorganization or similar dispositive restructuring plan, both
on account of First Lien Debt and on account of Second Lien Debt, then, to the extent the debt obligations distributed on account of
the First Lien Debt and on account of the Second Lien Debt are secured by Liens upon the same property, the provisions of this Agreement
will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such
debt obligations.

 

(b)
The provisions of Section 1129(b)(1) of the Bankruptcy Code notwithstanding, the Second Lien Claimholders agree that they will not propose,
support, or vote in favor of any plan of reorganization of the Debtor that is inconsistent with the priorities set forth in Section
2.1 and Section 4.1 of this Agreement.

 

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(c)
If, in connection with an Insolvency Proceeding involving the Debtor, the Second Lien Claimholders receive any cash, debt, or equity
securities on account of Second Lien Secured Claims (other than Permitted Reorganization Securities), the Second Lien Creditor or the
other Second Lien Claimholders, as applicable, shall turnover such cash, claims, or securities to First Lien Creditor for application
in accordance with Section 4.1 (and subject to the proviso to Section 4.1), unless such distribution is made under a confirmed
plan of reorganization of the Debtor that is accepted by the requisite affirmative vote of all classes composed of the secured claims
of First Lien Claimholders. Each Second Lien Creditor irrevocably authorizes and empowers First Lien Creditor, in the name of each Second
Lien Claimholder, to demand, sue for, collect, and receive any and all such distributions in respect of any Second Lien Secured Claim
to which the First Lien Claimholders are entitled hereunder. In furtherance of the foregoing, First Lien Creditor is hereby authorized
to make any such endorsements as agent for each Second Lien Creditor or any such Second Lien Claimholders. This authorization is coupled
with an interest and is irrevocable until the Payment in Full of First Lien Priority Debt.

 

SECTION
7. Reliance; Waivers; Etc.

 

7.1
Reliance. Other than any reliance on the terms of this Agreement, First Lien Creditor acknowledges that it and such First Lien
Claimholders have, independently and without reliance on Second Lien Creditors or any other Second Lien Claimholder, and based on documents
and information deemed by them appropriate, made their own credit analysis and decision to enter into such First Lien Documents and be
bound by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under
the First Lien Account Agreement or this Agreement. Each Second Lien Creditor acknowledges that it and the Second Lien Claimholders have,
independently and without reliance on First Lien Creditor or any other First Lien Claimholder, and based on documents and information
deemed by them appropriate, made their own credit analysis and decision to enter into each of the Second Lien Documents and be bound
by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under the
Second Lien Documents or this Agreement.

 

7.2
No Warranties or Liability. First Lien Creditor acknowledges and agrees that each Second Lien Creditor and the other Second Lien
Claimholders have made no express or implied representation or warranty, including with respect to the execution, validity, legality,
completeness, collectibility, or enforceability of any of the Second Lien Documents, the ownership of any Collateral, or the perfection
or priority of any Liens thereon. Except as otherwise expressly provided herein, the Second Lien Claimholders will be entitled to manage
and supervise their respective loans and extensions of credit under the Second Lien Documents in accordance with law and as they may
otherwise, in their sole discretion, deem appropriate. Each Second Lien Creditor acknowledges and agrees that First Lien Creditor and
the other First Lien Claimholders have made no express or implied representation or warranty, including with respect to the execution,
validity, legality, completeness, collectability, or enforceability of any of the First Lien Documents, the ownership of any Collateral,
or the perfection or priority of any Liens thereon. Except as otherwise expressly provided herein, the First Lien Claimholders will be
entitled to manage and supervise their respective loans and extensions of credit under their respective First Lien Documents in accordance
with law and as they may otherwise, in their sole discretion, deem appropriate. Each Second Lien Creditor and the other Second Lien Claimholders
shall have no duty to First Lien Creditor or any other First Lien Claimholder, and First Lien Creditor and the other First Lien Claimholders
shall have no duty to a Second Lien Creditor or any other Second Lien Claimholder, to act or refrain from acting in a manner that allows,
or results in, the occurrence or continuance of an event of default or default under any agreements with the Debtor (including the First
Lien Documents and the Second Lien Documents), regardless of any knowledge thereof which they may have or be charged with.

 

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7.3
No Waiver of Lien Priorities.

 

(a)
No right of First Lien Creditor or any other First Lien Claimholder to enforce any provision of this Agreement or any First Lien Document
shall at any time in any way be prejudiced or impaired by any claim by the Debtor relative to any act or failure to act on the part of
the Debtor or by any act or failure to act by First Lien Creditor or any other First Lien Claimholder, or by any noncompliance by any
person with the terms, provisions, and covenants of this Agreement, any of the First Lien Documents or any of the Second Lien Documents,
regardless of any knowledge thereof which First Lien Creditor or any other First Lien Claimholder may have (or be otherwise charged with).
No right of a Second Lien Creditor or any other Second Lien Claimholder to enforce any provision of this Agreement or any Second Lien
Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Debtor or by any claim
by the Debtor relative to any act or failure to act by a Second Lien Creditor or any other Second Lien Claimholder with respect to the
terms, provisions, and covenants of any of the Second Lien Documents.

 

(b)
Without in any way limiting the generality of Section 7.3(a) (but subject to the provisions of Section 5.3(a) and the other
terms hereof), First Lien Creditor and the other First Lien Claimholders may, at any time and from time to time in accordance with the
First Lien Documents or applicable law, without the consent of, or notice to, any Second Lien Creditor or any other Second Lien Claimholder,
without incurring any liabilities to any Second Lien Creditor or any other Second Lien Claimholder and without impairing or releasing
the Lien priorities and other benefits provided in this Agreement (even if any right of subrogation or other right or remedy of a Second
Lien Creditor or any other Second Lien Claimholder is affected, impaired, or extinguished thereby) do any one or more of the following
without the prior written consent of the Second Lien Creditors:

 

(i)
change the manner, place, or terms of payment or change or extend the time of payment of, or amend, renew, exchange, increase, or alter,
the terms of any of the First Lien Debt or any Lien on any First Lien Collateral or guarantee thereof or any liability of the Debtor,
or any liability incurred directly or indirectly in respect thereof (including any increase in or extension of the First Lien Debt, without
any restriction as to the tenor or terms of any such increase or extension) or otherwise amend, renew, exchange, extend, modify, or supplement
in any manner any Liens held by First Lien Creditor or any other First Lien Claimholder, the First Lien Debt, or any of the First Lien
Documents;

 

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(ii)
sell, exchange, release, surrender, realize upon, enforce or otherwise deal with in any manner and in any order any part of the First
Lien Collateral or any liability of the Debtor to First Lien Creditor or any other First Lien Claimholder, or any liability incurred
directly or indirectly in respect thereof;

 

(iii)
settle or compromise any First Lien Debt or any other liability of the Debtor or any security therefor or any liability incurred directly
or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability (including the First Lien
Debt) in any manner or order; and

 

(iv)
exercise or delay in or refrain from exercising any right or remedy against the Debtor or any other person, elect any remedy and otherwise
deal freely with the Debtor or any First Lien Collateral and any security and any guarantor or any liability of the Debtor to First Lien
Creditor or any other First Lien Claimholder or any liability incurred directly or indirectly in respect thereof.

 

(c)
Without in any way limiting the generality of Section 7.3(a) (but subject to the all of the other terms, restrictions, covenants, and
agreements contained in this Agreement (including, without limitation, Sections 4.2 and 5.3(b) and the other terms hereof), each
Second Lien Creditor and the other Second Lien Claimholders may, at any time and from time to time in accordance with the Second Lien
Documents or applicable law, without the consent of, or notice to, First Lien Creditor or any other First Lien Claimholder, without incurring
any liabilities to First Lien Creditor or any other First Lien Claimholder and without impairing or releasing the Lien priorities and
subordinations provided in this Agreement do any one or more of the following without the prior written consent of First Lien Creditor:

 

(i)
change the manner, place, or terms of payment or change or extend the time of payment of, or amend, renew, exchange, increase, or alter,
the terms of any of the Second Lien Debt or guarantee thereof or any liability of the Debtor, or any liability incurred directly or indirectly
in respect thereof (including any increase in or extension of the Second Lien Debt, without any restriction as to the tenor or terms
of any such increase or extension);

 

(ii)
settle or compromise any Second Lien Debt or any other liability of the Debtor or any liability incurred directly or indirectly in respect
thereof and apply any sums in respect of regularly scheduled payments of interest by whomsoever paid and however realized to the payment
of regularly scheduled interest payments in any manner or order; and

 

(iii)
deal freely with the Debtor and any guarantor or any liability of the Debtor to such Second Lien Creditor or any other Second Lien Claimholders
or any liability incurred directly or indirectly in respect thereof.

 

(d)
Except as otherwise provided herein, each Second Lien Creditor also agrees that First Lien Creditor and the other First Lien Claimholders
shall have no liability to such Second Lien Creditor or any other Second Lien Claimholder, and each Second Lien Creditor hereby waives
any claim against First Lien Creditor or any other First Lien Claimholder arising out of any and all actions which First Lien Creditor
or any other First Lien Claimholder may, pursuant to the terms hereof, take, permit or omit to take with respect to:

 

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(i)
the First Lien Documents;

 

(ii)
the collection of the First Lien Debt; or

 

(iii)
the foreclosure upon, or sale, liquidation, or other disposition of, or the failure to foreclose upon, or sell, liquidate, or otherwise
dispose of, any First Lien Collateral. Each Second Lien Creditor agrees that First Lien Creditor and the other First Lien Claimholders
have no duty to them in respect of the maintenance or preservation of the First Lien Collateral, the First Lien Debt, or otherwise.

 

(e)
Until the Payment in Full of First Lien Priority Debt, each Second Lien Creditor agrees not to assert and hereby waives, to the fullest
extent permitted by law, any right to demand, request, plead, or otherwise assert, or otherwise claim the benefit of, any marshaling,
appraisal, valuation, or other similar right that may otherwise be available under applicable law with respect to the Collateral or any
other similar rights a junior secured creditor may have under applicable law.

 

7.4
Obligations Unconditional. For so long as this Agreement is in full force and effect, all rights, interests, agreements, and obligations
of First Lien Creditor and the other First Lien Claimholders and each Second Lien Creditor and the other Second Lien Claimholders, respectively,
hereunder shall remain in full force and effect irrespective of:

 

(a)
any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;

 

(b)
except as otherwise expressly restricted in this Agreement, any change in the time, manner, or place of payment of, or in any other terms
of, all or any of the First Lien Debt or Second Lien Debt, or any amendment or waiver or other modification, including any increase in
the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;

 

(c)
except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other collateral,
or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien
Debt or Second Lien Debt or any guarantee thereof;

 

(d)
the commencement of any Insolvency Proceeding in respect of the Debtor; or

 

(e)
any other circumstances which otherwise might constitute a defense available to the Debtor in respect of the First Lien Debt, the First
Lien Creditor, any other First Lien Claimholder, the Second Lien Debt, the Second Lien Creditors, or any other Second Lien Claimholder.

 

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SECTION
8. Representations and Warranties.

 

8.1
Representations and Warranties of Each Party. Each party hereto represents and warrants to the other parties hereto as follows:

 

(a)
Such party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has all
requisite power and authority to execute and deliver this Agreement and to perform its obligations hereunder.

 

(b)
This Agreement has been duly executed and delivered by such party and constitutes a legal, valid and binding obligation of such party,
enforceable in accordance with its terms.

 

(c)
The execution, delivery, and performance by such party of this Agreement (i) do not require any consent or approval of, registration
or filing with or any other action by any governmental authority and (ii) will not violate any provision of law, statute, rule or regulation,
or of the certificate or articles of incorporation or other constitutive documents or by-laws of such party or any order of any governmental
authority or any provision of any indenture, agreement or other instrument binding upon such party.

 

8.2
Representations and Warranties of Each Agent. First Lien Creditor and each Second Lien Creditor each represents and warrants to
the other that it has been authorized by the First Lien Claimholders or the Second Lien Claimholders, as applicable, under the First
Lien Account Agreement or the Second Lien Credit Agreements, as applicable, to enter into this Agreement and that each of the agreements,
covenants, waivers, and other provisions hereof is valid, binding, and enforceable against the First Lien Creditor or such Second Lien
Creditor, as applicable, as fully as if they were parties hereto.

 

8.3
Survival. All representations and warranties made by one party hereto in this Agreement shall be considered to have been relied
upon by the other party hereto and shall survive the execution and delivery of this Agreement, regardless of any investigation made by
any such other party.

 

SECTION
9. Miscellaneous.

 

9.1
Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of any of the First Lien Documents
or any of the Second Lien Documents, the provisions of this Agreement shall govern and control.

 

9.2
Effectiveness; Continuing Nature of this Agreement; Severability. This Agreement shall become effective when executed and delivered
by the parties hereto. This is a continuing agreement of lien subordination and the First Lien Claimholders may continue, at any time
and without notice to any Second Lien Creditor or any Second Lien Claimholder, to extend credit and other financial accommodations to
or for the benefit of the Debtor constituting First Lien Priority Debt in reliance hereof. First Lien Creditor, for itself and on behalf
of First Lien Claimholders, and each Second Lien Creditor, for itself and on behalf of Second Lien Claimholder, each hereby waive any
right it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement. The terms of this Agreement
shall survive, and shall continue in full force and effect, in any Insolvency Proceeding. Any provision of this Agreement that is prohibited
or unenforceable shall not invalidate 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. All references to the Debtor shall include the
Debtor as debtor and debtor in possession and any receiver or trustee for the Debtor in any Insolvency Proceeding. This Agreement shall
terminate and be of no further force and effect:

 

(a) with respect to First
Lien Creditor, the other First Lien Claimholders, and the First Lien Debt, on the date that the First Lien Debt is paid in U.S. Dollars
in full in cash or immediately available funds and all commitments, if any, to extend credit to the Debtor are terminated or have expired;
and

 

    	38

     

    

 

(b)
with respect to each Second Lien Creditor, the other Second Lien Claimholders, and the Second Lien Debt, on the date that the Second
Lien Debt is paid in U.S. Dollars in full in cash or immediately available funds and all commitments, if any, to extend credit to the
Debtor are terminated or have expired.

 

9.3
Amendments; Waivers. No amendment, modification, or waiver of any of the provisions of this Agreement shall be effective unless
the same shall be in writing signed on behalf of each party hereto or its authorized agent and each waiver, if any, shall be a waiver
only with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations
of the other parties to such party in any other respect or at any other time. For the purposes of clarification, it is hereby agreed
and acknowledged by all parties hereto that neither the consent nor signature of the Debtor or any of their respective Subsidiaries or
other Affiliates shall be required for any amendment, modification, or waive of any of the provisions of this Agreement.

 

9.4
Information Concerning Financial Condition of the Debtor. First Lien Creditor and the other First Lien Claimholders, on the one
hand, and each Second Lien Creditor and the other Second Lien Claimholders, on the other hand, shall each be responsible for keeping
themselves informed of (a) the financial condition of the Debtor and all endorsers or guarantors of the First Lien Debt or the Second
Lien Debt and (b) all other circumstances bearing upon the risk of nonpayment of the First Lien Debt or the Second Lien Debt. First Lien
Creditor and the other First Lien Claimholders shall have no duty to advise any Second Lien Creditor or any other Second Lien Claimholder
of information known to it or them regarding such condition or any such circumstances or otherwise. No Second Lien Creditor and the other
Second Lien Claimholders shall have any duty to advise First Lien Creditor or any other First Lien Claimholder of information known to
it or them regarding such condition or any such circumstances or otherwise. In the event First Lien Creditor or any other First Lien
Claimholder, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to a Second
Lien Creditor or any other Second Lien Claimholder, it or they shall be under no obligation:

 

(a)
to make, and First Lien Creditor and the other First Lien Claimholders shall not make, any express or implied representation or warranty,
including with respect to the accuracy, completeness, truthfulness, or validity of any such information so provided;

 

    	39

     

    

 

(b)
to provide any additional information or to provide any such information on any subsequent occasion;

 

(c)
to undertake any investigation; or

 

(d)
to disclose any information, which pursuant to accepted or reasonable commercial practices, such party wishes to maintain confidential
or is otherwise required to maintain confidential.

 

9.5
Subrogation. With respect to any payments or distributions in cash, property, or other assets that a Second Lien Creditor or any
other Second Lien Claimholder pays over to First Lien Creditor or any other First Lien Claimholder under the terms of this Agreement,
such Second Lien Creditor and the other Second Lien Claimholders shall be subrogated to the rights of First Lien Creditor and the other
First Lien Claimholders; provided, that such Second Lien Creditor hereby agrees not to assert or enforce any such rights of subrogation
it may acquire as a result of any payment hereunder until the Payment in Full of all First Lien Priority Debt has occurred. Any payments
or distributions in cash, property or other assets received by a Second Lien Creditor or any other Second Lien Claimholder that are paid
over to First Lien Creditor or the First Lien Claimholders pursuant to this Agreement shall not reduce any of the Second Lien Debt.

 

9.6
SUBMISSION TO JURISDICTION; WAIVERS.

 

(a)
ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO SHALL BE BROUGHT IN ANY STATE OR FEDERAL COURT
OF COMPETENT JURISDICTION IN THE STATE, COUNTY, AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PARTY, FOR ITSELF
AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY:

 

(i)
ACCEPTS GENERALLY AND UNCONDITIONALLY THE JURISDICTION AND VENUE OF SUCH COURTS;

 

(ii)
WAIVES ANY DEFENSE OF FORUM NON CONVENIENS;

 

(iii)
AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT
REQUESTED, TO THE APPLICABLE PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.7; AND

 

(iv)
AGREES THAT SERVICE AS PROVIDED IN CLAUSE (iii) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY
SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT.

 

    	40

     

    

 

(b)
EACH OF THE PARTIES HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
HEREUNDER. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT
RELATE TO THE SUBJECT MATTER HEREOF, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY
CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP THAT EACH HAS
ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE
DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY
AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE; MEANING THAT IT MAY
NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 9.6(b)
AND EXECUTED BY FIRST LIEN CREDITOR AND SECOND LIEN CREDITOR), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS,
OR MODIFICATIONS HERETO. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 

9.7
Notices. All notices to the Second Lien Claimholders and the First Lien Claimholders permitted or required under this Agreement
shall also be sent to each Second Lien Creditor and First Lien Creditor, respectively. Unless otherwise specifically provided herein,
any notice hereunder shall be in writing and may be personally served or sent by telefacsimile or United States mail or courier service
or electronic mail and shall be deemed to have been given when delivered in person or by courier service and signed for against receipt
thereof, upon receipt of telefacsimile or electronic mail, or 3 Business Days after depositing it in the United States mail with postage
prepaid and properly addressed. For the purposes hereof, the addresses of the parties hereto shall be as may be designated by such party
in a written notice to all of the other parties:

 

If
to the First Lien Creditor:

 

Sallyport
Commercial Finance, LLC

14100
Southwest FWY, Ste. #210

Sugar Land, TX 77478

Telephone: (832)939-9450

Email: nhart@sallyportcf.com

Attention:
Nick Hart

 

    	41

     

    

 

If
to the Second Lien Creditor:

 

Lind
Global Macro Fund, LP

c/o The Lind Partners LLC

444 Madison Avenue, Floor 41

New York, NY 10022

Telephone: (646) 395-3931

Email: jeaston@thelindpartners.com and

notice@thelindpartners.com

Attention: Jeff Easton

 

With
a copy (which shall not constitute notice) to:

 

Morgan,
Lewis & Bockius LLP

One Federal Street

Boston, MA 02110

Telephone: (617) 951-8000

Email: bryan.keighery@morganlewis.com

Attention: Bryan S. Keighery

 

9.8
Further Assurances. First Lien Creditor and each Second Lien Creditor each agrees to take such further action and shall execute
and deliver such additional documents and instruments (in recordable form, if requested) as First Lien Creditor or such Second Lien Creditor
may reasonably request to effectuate the terms of and the Lien priorities contemplated by this Agreement, all at the expense of the Debtor.
In furtherance of the foregoing, (a) the First Lien Creditor agrees that, if there is a Refinancing of the Second Lien Debt and if the
agent or other representative of the holders of the indebtedness that Refinances the Second Lien Debt so requests, it will execute and
deliver either an acknowledgement of the joinder of such agent or representative to this Agreement or an agreement with such agent or
representative identical to this Agreement (subject to changing names of parties, documents and addresses, as appropriate) in favor of
any such agent or representative, and (b) each Second Lien Creditor agrees that, (i) if there is a Refinancing of the First Lien Debt
and if the agent or other representative of the holders of the indebtedness that Refinances the First Lien Debt so requests, it will
execute and deliver either an acknowledgement of the joinder of such agent or representative to this Agreement or an agreement with such
agent or representative identical to this Agreement (subject to changing names of parties, documents and addresses, as appropriate) in
favor of any such agent or representative.

 

9.9
APPLICABLE LAW. THIS AGREEMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF, AND THE RIGHTS OF THE PARTIES HERETO
WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH
THE LAW OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO AGREES THAT THIS AGREEMENT RELATES TO A TRANSACTION COVERING IN THE AGGREGATE
NOT LESS THAN $250,000.

 

9.10
Binding on Successors and Assigns. This Agreement shall be binding upon First Lien Creditor, the First Lien Claimholders, each
Second Lien Creditor, the Second Lien Claimholders, and their respective successors and assigns.

 

    	42

     

    

 

9.11
Headings. Section headings in this Agreement are included herein for convenience of reference only and shall not constitute a
part of this Agreement for any other purpose or be given any substantive effect.

 

9.12
Counterparts. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each
of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed
counterpart of a signature page of this Agreement or any document or instrument delivered in connection herewith by telecopy shall be
effective as delivery of a manually executed counterpart of this Agreement or such other document or instrument, as applicable.

 

9.13
No Third Party Beneficiaries. This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties
hereto and its respective successors and assigns and shall inure to the benefit of and bind each of the First Lien Claimholders and the
Second Lien Claimholders. In no event shall the Debtor be a third party beneficiary of this Agreement.

 

9.14
Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining
the relative rights of First Lien Creditor and the other First Lien Claimholders, on the one hand, and Second Lien Creditors and the
other Second Lien Claimholders on the other hand. Neither the Debtor nor any other creditor thereof shall have any rights hereunder and
the Debtor may not rely on the terms hereof. Nothing in this Agreement shall impair, as between the Debtor and First Lien Creditor and
the other First Lien Claimholders, or as between the Debtor and Second Lien Creditors and the other Second Lien Claimholders, the obligations
the Debtor to pay principal, interest, fees and other amounts as provided in the First Lien Documents and the Second Lien Documents,
respectively.

 

9.15
Costs and Attorneys Fees. In the event it becomes necessary for First Lien Creditor, any other First Lien Claimholder, any Second
Lien Creditor, or any other Second Lien Claimholder to commence or become a party to any proceeding or action to enforce the provisions
of this Agreement, the court or body before which the same shall be tried shall award to the prevailing party (only if the prevailing
party did not institute such proceeding or action) all costs and expenses thereof, including reasonable attorneys fees, the usual and
customary and lawfully recoverable court costs, and all other expenses in connection therewith.

 

9.16
Integration. This Agreement reflects the entire understanding of the parties with respect to the subject matter hereof and shall
not be contradicted or qualified by any other agreement, oral or written, before the date hereof.

 

    	43

     

    

 

9.17
Reciprocal Rights. The parties agree that the provisions of Sections 2.3, 2.4(b), 3, 4.2, 4.5,
5.1, 5.2, 5.4, 5.5, 6.2, 6.3, 6.4, 6.5, 6.6, 6.7, 6.8, 6.9(b)
and 9.5, including, as applicable, the defined terms referenced therein (but only to the extent used therein), which govern
the relationship, and certain rights, restrictions, and agreements, between the First Lien Creditor and the other First Lien Claimholders
with respect to the First Lien Debt, on the one hand, and the Second Lien Creditors and the other Second Lien Claimholders with respect
to the Second Lien Debt, on the other hand, (a) shall, from and after the Payment in Full of First Lien Priority Debt and until the payment
in full of the Second Lien Priority Debt, apply to and govern, mutatis mutandis, the relationship between the Second Lien Creditors and
the other Second Lien Claimholders with respect to the Second Lien Priority Debt, on the one hand, and the First Lien Creditor and the
other First Lien Claimholders with respect to the Excess First Lien Debt, on the other hand, and (b) shall, from and after both the Payment
in Full of First Lien Priority Debt and the payment in full of Second Lien Priority Debt, and until the payment in full in cash of the
Excess First Lien Debt and the termination or expiration of all commitments, if any, to extend credit that would constitute Excess First
Lien Debt, apply to and govern, mutatis mutandis, the relationship between the First Lien Creditor and the other First Lien Claimholders
with respect to the Excess First Lien Debt, on the one hand, and the Second Lien Creditors and the other Second Lien Claimholders with
respect to the Excess Second Lien Debt, on the other hand.

 

9.18
Transitional Arrangements. This Agreement shall supersede the Original Intercreditor Agreement on the date hereof. Upon the effectiveness
of this Agreement, the rights and obligations of the respective parties under the Original Intercreditor Agreement shall be subsumed
within and governed by this Agreement.

 

[signature
pages follow]

 

    	44

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

 

	 	SALLYPORT
    COMMERCIAL FINANCE, LLC,
	 	as
    First Lien Creditor
	 	 	 
	 	By:
    	/s/
    Nick Hart
	 	Name:
    	Nick
    Hart 
	 	Title:
    	President
    

 

    	 

     

    

 

	 	LIND
    GLOBAL MACRO FUND, L.P.,
	 	as
    Second Lien Creditor
	 	 
	 	By:
    	Lind
    Global Partners LLC, its general partner
	 	 	 
	 	By:
    	/s/
    Jeff Easton
	 	Name:
    	Jeff
    Easton
	 	Title:
    	Managing
    Director
	 	 	 
	 	LIND
    GLOBAL ASSET MANAGEMENT, LLC
	 	as
    Second Lien Creditor
	 	 	 
	 	By:
    	/s/
    Jeff Easton
	 	Name:
    	Jeff
    Easton
	 	Title:
    	Managing
    Director

 

    	2

     

    

 

ACKNOWLEDGMENT

 

The
Debtor hereby acknowledge that it has received a copy of the foregoing Fourth Amended and Restated Intercreditor Agreement (as in effect
on the date hereof, the “Initial Intercreditor Agreement”) and agrees to recognize all rights granted by the Original
Intercreditor Agreement to First Lien Creditor, the other First Lien Claimholders, Second Lien Creditors, and the other Second Lien Claimholders,
waive the provisions of Section 9-615(a) of the UCC in connection with the application of proceeds of Collateral in accordance with the
provisions of the Original Intercreditor Agreement, agree that they will not do any act or perform any obligation which is not in accordance
with the agreements set forth in the Original Intercreditor Agreement, in each case as amended, modified, supplemented and restated by
the Initial Intercreditor Agreement. Debtor further acknowledges and agrees that it is not an intended beneficiary or third party beneficiary
under the Initial Intercreditor Agreement or Original Intercreditor Agreement as amended, modified, supplemented and restated by the
Initial Intercreditor Agreement or as such Initial Intercreditor Agreement is amended, modified, supplemented or restated.

 

ACKNOWLEDGED
AS OF THE DATE FIRST WRITTEN ABOVE:

 

	 	BOXLIGHT
    CORPORATION
	 	 	 
	 	By:
    	/s/
    Michael Pope
	 	Title:
    	CEO

 

    	3

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