Document:

Exhibit 10.5

 Exhibit 10.5 
 CONTRACT FOR LAUNCH SERVICES 
 No. IS-10-008 

Between 

Iridium Satellite LLC 
 and 
 Space Exploration Technologies Corp. 

The attached Contract and information contained therein is confidential and proprietary to Iridium Satellite LLC, its Affiliates and Space
Exploration Technologies Corp. and shall not be published or disclosed to any third party except as permitted by the terms and conditions of this Contract. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 TABLE OF CONTENTS 

 

					
	  	  	Page	 
	 Article 1 DEFINITIONS
	  	 	1	  
		
	 Article 2 SERVICES TO BE PROVIDED
	  	 	8	  
		
	 Article 3 CONTRACT PRICE
	  	 	11	  
		
	 Article 4 PAYMENT
	  	 	11	  
		
	 Article 5 LAUNCH SCHEDULE
	  	 	13	  
		
	 Article 6 LAUNCH SCHEDULE ADJUSTMENTS
	  	 	15	  
		
	 Article 7 REPRESENTATIONS AND WARRANTIES
	  	 	20	  
		
	 Article 8 COORDINATION AND COMMUNICATION BETWEEN CUSTOMER AND CONTRACTOR
	  	 	20	  
		
	 Article 9 ADDITIONAL CONTRACTOR AND CUSTOMER OBLIGATIONS PRIOR TO LAUNCH
	  	 	22	  
		
	 Article 10 CUSTOMER ACCESS
	  	 	22	  
		
	 Article 11 LAUNCH VEHICLE QUALIFICATION
	  	 	23	  
		
	 Article 12 PERMITS AND APPROVALS AND COMPLIANCE WITH UNITED STATES GOVERNMENT REQUIREMENTS
	  	 	25	  
		
	 Article 13 CHANGES
	  	 	26	  
		
	 Article 14 INDEMNITY, EXCLUSION OF WARRANTY, WAIVER OF LIABILITY AND ALLOCATION OF CERTAIN RISKS
	  	 	27	  
		
	 Article 15 INSURANCE
	  	 	32	  
		
	 Article 16 REFLIGHT
	  	 	34	  
		
	 Article 17 TERMINATION
	  	 	35	  
		
	 Article 18 DISPUTE RESOLUTION
	  	 	37	  
		
	 Article 19 CONFIDENTIALITY
	  	 	39	  
		
	 Article 20 INTELLECTUAL PROPERTY
	  	 	41	  
		
	 Article 21 RIGHT OF OWNERSHIP AND CUSTODY
	  	 	42	  
		
	 Article 22 FORCE MAJEURE
	  	 	42	  
		
	 Article 23 EFFECTIVE DATE OF CONTRACT
	  	 	43	  
		
	 Article 24 MISCELLANEOUS
	  	 	44	  

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 i 

 CONTRACT FOR LAUNCH SERVICES 

This CONTRACT FOR LAUNCH SERVICES (hereinafter “this Contract”) is made and entered into as of the 19th Day of March, 2010, by and between Iridium Satellite
LLC, a limited liability company organized and existing under the laws of Delaware, having its office at 6707 Democracy Boulevard, Suite 300, Bethesda, MA 20817 (“Customer”) and Space Exploration Technologies Corp., a Delaware
corporation, having its office at 1 Rocket Road, Hawthorne, CA 90250 (“Contractor”). 
 Article 1 

DEFINITIONS 
  

	1.1	Capitalized terms used and not otherwise defined herein shall have the following meanings: 

Additional Launch(es) shall have the meaning set forth in Section 2.1. 

Adjustment Fee shall have the meaning set forth in Section 6.1.2. 

Affiliate means, with respect to an entity, any other entity, directly or indirectly, Controlling or Controlled by or under common
Control with such first entity. 
 Analogous Mission shall have the meaning set forth in Section 3.4. 

AS-9100 means the American Society of Engineers’ aerospace (AS) 9100 quality management systems standards. 

Associate Contractor(s) means the contractor(s) designated by Customer from time-to-time associated with the development,
delivery, operation and maintenance of the Satellites. 
 Bank Holiday means any Day on which United States national
banks located in Washington, D.C. are authorized to be closed. 
 Base Price means the price contracted for by a Third
Party customer of Contractor for single standard launch service, excluding any customer-specific requirements or options. 

Business Day means any Day other than Saturday, Sunday or a Bank Holiday. 

Constructive Total Loss for purposes of Customer’s policy of Launch and In-Orbit Insurance only (and not for any other
purpose hereunder), shall have the meaning assigned to such term in Customer’s policy of Launch and In-Orbit Insurance, if any, in place at the time of a Launch. 
 Contract Price shall have the meaning set forth in Section 3.2. 

Contractor IP means Intellectual Property, and all Intellectual Property Rights therein, owned or Controlled by Contractor or
developed by Contractor inside or outside the scope of this Contract, together with any derivatives, improvements or modifications made by Contractor, Customer or any Related Third Parties to the foregoing. 

Customer IP means Intellectual Property, and all Intellectual Property Rights therein, owned or Controlled by Customer or
developed by Customer inside or outside the scope of this Contract and provided to Contractor pursuant to this Contract (before or after EDC), and any derivatives, improvements or modifications made by Customer, Contractor or any other Related Third
Parties to the foregoing. 
 CSLA shall have the meaning set forth in Section 14.4. 

Contractor Interest Rate means LIBOR plus [***...***] percent ([***...***]%). 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 1 

 Control and its derivatives mean, with respect to an entity: (i) the legal,
beneficial, or equitable ownership, directly or indirectly, of fifty percent (50%) or more of the capital stock (or other ownership interest if not a corporation) of such entity ordinarily having voting rights; or (ii) the power to direct,
directly or indirectly, the management policies of such entity, whether through the ownership of voting stock, by contract, or otherwise. 
 Day means a calendar day unless otherwise indicated. 
 Disclosing
Party shall have the meaning set forth in Section 19.2. 
 Dispenser(s) shall mean the hardware to be integrated
with and forming part of the Launch Vehicle (including all embedded firmware and software and related Intellectual Property) to interface with, separate and deploy the Satellites into their designated orbit(s), as specified in the SOW. 

Dispute shall have the meaning set forth in Article 18. 

Documentation means any and all documentation to be supplied by Contractor to Customer pursuant to this Contract. 

DO/DX Launch means a launch designated by the U.S. Government as a DO or DX rated order in accordance with the U.S. Department of
Defense Priorities and Allocations System or pursuant to 15 C.F.R. Part 700, where such rating order is invoked in connection with an imperative national need under the CSLA. 
 EDC shall have the meaning set forth in Section 23.1. 
 Exploit
means, with regard to a Party’s use of Intellectual Property, to reproduce, prepare derivative works of, modify, distribute, perform publicly, display, make, have made, use, manufacture, import, offer to sell and sell products, materials and
services that embody any Intellectual Property Rights in such Intellectual Property and otherwise fully use, practice and exploit such Intellectual Property, and Intellectual Property Rights therein, or to have any third party exploit such
Intellectual Property, and Intellectual Property Rights therein, on such Party’s behalf or for such Party’s benefit. 

Failure Review Board shall have the meaning set forth in Section 11.4. 

Firm Launch(es) shall have the meaning set forth in Section 2.1. 

Force Majeure means acts of God, acts of government (in its sovereign and not contractual capacity), acts or threat of terrorism,
riot, revolution, hijacking, fire, strike (other than a strike involving the employees of Contractor, Customer or their respective Related Third Parties), embargo, sabotage, or interruption of essential services or supplies. 

Foreign Person shall be as defined in the U.S. International Traffic in Arms Regulations, 22 C.F.R. § 120.16.

 FSD shall have the meaning set forth in Section 23.1(B). 

Government Cross-Waiver has the meaning set forth in Section 12.1. 

Gross Negligence means (i) the failure to perform a duty in reckless disregard of the consequences thereof, including injury,
death or property damage of others; or (ii) other actions (or failures to act) of an aggravated nature that closely approach intentional or willful wrongdoing. 
 Initial Loss Reflight Option shall have the meaning set forth in Section 16.1. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 2 

 Insured Launch Activities means the activities carried out by either Party or the
Related Third Parties of either Party in accordance with the terms of this Contract and, in the case of Launch Service(s) licensed under the CSLA, the launch license issued to Contractor by the Office of the Associate Administrator for Commercial
Space Transportation (or any successor agency thereto) to conduct the Launch Service(s), at the Launch Site and the Satellite processing facility wherever located, including transportation of the Satellite from the Satellite processing facility to
the Launch Site and, if required, transportation of the Satellite from the Launch Site to the Satellite processing facility, the use by Contractor of United States Government launch facilities at the Launch Site, activities carried out by the United
States Government at the Launch Site relating to the conduct of Launch Service(s) and the Launch from the Launch Site.  
 Intellectual Property means all designs, works of authorship, techniques, analyses, methods, concepts, formulae, layouts, software (including Software), inventions (whether or not patented or
patentable), discoveries, improvements, processes, ideas, technical data and documentation (including Documentation), technical information, engineering, manufacturing and other drawings, specifications, performances, semiconductor topographies,
business names, goodwill, the style of presentation of goods and services and similar matter in which an Intellectual Property Right subsists, regardless of whether any of the foregoing has been reduced to writing or practice. 

Intellectual Property Claim shall have the meaning set forth in Section 14.5. 

Intellectual Property Right(s) means all common law and statutory proprietary rights with respect to Intellectual Property,
including patents, patent applications, copyrights, industrial designs, trademarks and service marks (and all goodwill associated with the foregoing), database rights, design rights (whether registered or not), trade secrets, mask work rights, data
rights, moral rights, and similar rights existing from time-to-time under the intellectual property laws of the United States, any state or foreign jurisdiction, or international treaty regime, regardless of whether such rights exist as of EDC or
arise or are acquired at any time in the future. 
 Intentional Ignition means, with respect to a Launch Vehicle, the
time during the launch countdown sequence when the engine ignition command signal is initiated causing ignition of the first stage engines of the Launch Vehicle. 
 Interest Rate shall mean the lesser of: (i) [***...***] percent ([***...***]%); (ii) [***...***] percent ([***...***]%); or (iii) the maximum interest rate permitted by
applicable law, compounded annually. 
 KWAJ means the SpaceX launch facility at Ronald Reagan Ballistic Missile Defense
Test Site, United States Army Kwajalein Atoll (RTS-USAKA), including the associated installations, equipment and services used or provided by Contractor in connection with the Launch Services as provided for in the SOW. 

Launch means Intentional Ignition of the Launch Vehicle followed by either: (i) Lift-Off; and/or (ii) total loss or
destruction of the Launch Vehicle or any or all of the Satellites comprising a Satellite Batch. A Launch is deemed not to have occurred in the event of a Terminated Ignition. Notwithstanding anything to the contrary in this Contract, a Launch is
deemed to have occurred even if there is a Launch Failure. 
 Launch Activities means the activities carried out by
either Party or the Related Third Parties of either Party under this Contract, which include Launch Services, any Launch Vehicle-related and pre-Launch activities beginning with the arrival of a Satellite Batch at the Launch Site, integration
activities, and ending with departure of all property and personnel of Customer and its Related Third Parties from the Launch Site and completion of any Post-Launch Services. Application of the Government Cross Waiver will cease no later than thirty
(30) days after each Launch Service, irrespective of whether Customer property remains at the Launch Site. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 3 

 Launch and In-Orbit Insurance means insurance procured by Customer covering the risks
of Launch and/or the risks of in-orbit failures with respect to Partial Loss, Constructive Total Loss and Total Loss of a Satellite or Satellite Batch. 
 Launch Campaign Period shall have the meaning set forth in Section 5.1. 
 Launch Date means the Day within the Launch Slot established for a Launch Service pursuant to this Contract. If a Launch Date for a Launch Service has not yet been designated, the first Day of the
applicable Launch Slot shall be applied as the Launch Date. 
 Launch Failure means a Total Launch Failure or a Partial
Launch Failure. 
 Launch Manifest means the Contractor’s listing of contracted and scheduled launch services for
commercial, civil and military customers, as reported from time-to-time to Customer in accordance with Section 5.5. 

Launch Opportunity means the availability of a time period in which a Launch can be performed, as applicable, in the Contractor
manifest for the Launch(es) of the Satellite Batches, based upon these criteria: (i) adequate time period during which Contractor can make the necessary preparations for and perform a Launch; (ii) the requirements and interests of the
Customer; (iii) Contractor’s existing and prospective customer commitments in accordance with Section 5.5; and (iv) the manifest guidelines specified in Section 5.4. 

Launch Program Manager shall have the meaning set forth in Section 8.2. 

Launch Range means United States Government authorities, facilities and infrastructure with jurisdiction over the Launch Site and
Launch Service. 
 Launch Service(s) means the services to be provided under Article 2. 

Launch Service Price shall have the meaning set forth in Section 3.1. 

Launch Site means either VAFB or KWAJ. 
 Launch Slot means a [***...***] Day period of time during which a Launch Service will occur. 
 Launch Slot Offer shall have the meaning set forth in Section 6.4. 

Launch Success shall mean, with respect to each Launch Service: 

(a) compliance with the specifications and requirements of the SOW for the following: (i) [***...***]; (ii) [***...***];
(iii) [***...***]; (iv) [***...***]; (v) [***...***]; (vi) [***...***]; and (vii) [***...***] determined based on flight telemetry data or other objective evidence; or 

(b) no Satellite anomaly, failure, defect or non-conformance with such Satellite’s performance specifications or operational
characteristics resulting from Contractor’s failure to meet any of the Launch Success criteria set forth in (a)(i) – (a)(vii) above. 
 Contractor’s obligation with respect to [***...***]. Launch Success shall be determined in accordance with Section 2.2. 

Launch Vehicle means the Falcon 9 [***...***] launch vehicle and the Dispenser, utilized by Contractor to perform the
Launch of any Satellite Batch. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 4 

 Launch Window means a time period determined in accordance with the SOW and approved
by the Launch Range authority with jurisdiction over the Launch Site. 
 LIBOR means the 12-month London Interbank
Offered Rate published in The Wall Street Journal, from time-to-time, as applied under this Contract. 
 Lift-Off
means physical separation of the Launch Vehicle from the launch pad and ground support equipment and release of the Launch Vehicle hold-down restraints for the purpose of Launch. 

Material Change shall have the meaning set forth in Section 11.3(A). 

Milestone means the recurring and non-recurring completion events set forth under this Contract. 

Milestone Payment shall have the meaning set forth in Section 4.1. 

NEXT shall have the meaning set forth in Section 1.1 of the Statement of Work. 

Non-Compliance shall have the meaning set forth in Section 11.3(B). 

Non-Recurring Price shall mean the portion of the Contract Price identified as such in Exhibit C. 

Non-Recurring Launch Service Milestone shall mean the Milestone Payments associated with any portion of the Non-Recurring Price
for a Launch Service. 
 Optional Services shall mean the optional services listed in the Optional Services table in
Exhibit D. 
 Partial Launch Failure means that the conditions for a Launch Success have not been met for one or more
Satellites, but not for all Satellites launched by the same Launch Vehicle. 
 Partial Loss for purposes of
Customer’s policy of Launch and In-Orbit Insurance only (and not for any other purpose hereunder), shall have the meaning assigned to such term in Customer’s policy of Launch and In-Orbit Insurance, if any, in place at the time of a Launch
to be performed under this Contract. 
 Party or Parties means Contractor or Customer or both depending on the
context. 
 Post-Launch Services means all services that are to be provided by Contractor to Customer after Launch
pursuant to the SOW. 
 PPI Ratio means the amount derived by dividing the annual value of Producer Price Index, or PPI,
1423 (as reported in Table 6 of the Bureau of Labor Statistics PPI Detailed Report – “Producer price indexes and percent changes for commodity and service groupings and individual items, not seasonally adjusted”) for the year prior to
the applicable option exercise year by the annual PPI 1423 for year [***...***]. 
 Proprietary Information shall have
the meaning set forth in Section 19.2. 
 Receiving Party shall have the meaning set forth in Section 19.2.

 Reflight Option shall mean the option exercisable pursuant to Section 16.2. 

Reasonable Efforts means standards, practices, methods, and procedures consistent with applicable law and that degree of effort,
skill, diligence, prudence, and foresight that would reasonably and ordinarily be expected from each Party under this Contract. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 5 

 Related Third Party(ies) means any of the following parties, and except for any party
with a financial interest in Customer, in each case only if such party is involved in Launch Activities: 
  

	 	•	 	 Employees, directors, officers or agents of Contractor and Customer, including their affiliates, parents or partner entities;

  

	 	•	 	 Customers of Contractor (other than Customer) and the employees of those customers; 

 

	 	•	 	 Associate Contractors and subcontractors at any tier of Contractor or Customer and the employees of those Associate Contractors and subcontractors; and

  

	 	•	 	 Any party with a financial interest in Contractor, Customer, the Launch Services, the Launch Vehicles, or the Satellites. 

Satellite means any Satellite forming part of a Satellite Batch supplied by Customer for Launch by Contractor pursuant to this
Contract. 
 Satellite Batch means each grouping of Satellites for a Launch Service, inclusive. 

Separation System means the separation hardware mechanisms used to attach a Satellite to the Dispenser along with any deployment
mechanisms used to separate, and/or control the separation of the Satellite from the Dispenser. 
 Software means
computer software programs and software systems, whether in source code or object code form, (including firmware, files, databases, interfaces, documentation and other materials related thereto, and any third party Software sublicensed by Contractor
hereunder), as such Software is revised, upgraded, updated, corrected, modified, and enhanced from time-to-time. 
 Statement
of Work or SOW means Exhibit A and any other attached document or additional document which has been referenced or incorporated into the SOW (including by Contract amendment) by the Parties and which reflects the scope of work to be
performed by Contractor under this Contract, and which specifies each Party’s programmatic and technical performance requirements and obligations under this Contract. 
 Taxes shall have the meaning set forth in Section 3.3. 

Termination Fee shall have the meaning set forth in Section 17.1. 

Terminated Ignition means Intentional Ignition not followed by Launch. For purposes of Customer’s policy of Launch and
In-Orbit Insurance (and not for any other purpose hereunder) Terminated Ignition means the instant the Launch Range ground safety officer (or equivalent) officially declares the launch pad safe following shut down of the first stage engines of the
Launch Vehicle for any reason before release of the hold down restraints. 
 Third Party means any individual or legal
entity other than the Parties or Related Third Parties. 
 Total Launch Failure means that the conditions for a Launch
Success are not met for any Satellites launched by the same Launch Vehicle. 
 Total Loss shall mean the loss,
destruction or failure of a Satellite that is mated with the Launch Vehicle, provided, however, that for purposes of Customer’s policy of Launch and In-Orbit Insurance only (and not for any other purpose hereunder), the meaning assigned to the
term “Total Loss” in Customer’s policy of Launch and In-Orbit Insurance, if any, in place at the time of a Launch, shall take precedence over this definition. Customer shall promptly provide a copy of such definition to Contractor
after the issuance of such policy of Launch and In-Orbit Insurance, if any. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 6 

 VAFB means Vandenberg Air Force Base, California, including the associated
installations, equipment and services used or provided by Contractor in connection with the Launch Services as provided for in the SOW. 
 1.2
Interpretation. In the Contract, unless the contrary intention appears: 
  

	 	•	 	 the singular includes the plural and vice versa and words importing a gender include other genders; 

 

	 	•	 	 other grammatical forms of defined words or expressions have corresponding meanings; 

 

	 	•	 	 a reference to Article means an article of this Contract; 

 

	 	•	 	 a reference to a Section means a section of an Article of this Contract; 

 

	 	•	 	 a reference to Exhibit means the exhibit(s) identified in Section 1.3 and attached hereto and incorporated herein, as may be amended from
time-to-time in accordance with the terms hereof; 

  

	 	•	 	 any terms capitalized but not defined herein shall have the definition ascribed thereto in the SOW; 

 

	 	•	 	 each Party shall perform its obligations under the Contract at all times in good faith and consistent with the implied covenant of good faith and fair
dealing as interpreted by laws of the State of New York; 

  

	 	•	 	 each Party shall perform its obligations under the Contract in accordance with all applicable export and import laws, regulations, rules and related
provisos, including the International Traffic In Arms Regulations, 22 C.F.R. §§ 120-130. 

  

	 	•	 	 a reference to a document or agreement, including the Contract, includes a reference to that document or agreement as assigned, amended, altered or
replaced from time-to-time; 

  

	 	•	 	 a reference to a Party includes its executors, administrators, successors and persons to whom it assigns and novates the Contract in accordance with
Section 24.4; 

  

	 	•	 	 words and expressions importing natural persons include partnerships, bodies corporate, associations, governments and governmental and local
authorities and agencies; 

  

	 	•	 	 the word “including” and words of similar import shall mean “including without limitation,” unless otherwise specified; and

  

	 	•	 	 titles and headings to Articles, Sections and tables are provided for convenience of reference only and shall not affect the meaning or interpretation
of this Contract. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 7 

 1.3 Contract, Exhibits and Order of Precedence. This Contract includes the exhibits listed below,
which are attached hereto and made a part hereof. In the event of any conflict among the various portions of this Contract, including the exhibits listed below, the following order of precedence shall prevail: 

 

	 	1.	Contract Articles 1 through 24 

  

	 	2.	Exhibit A: Statement of Work 

  

	 	3.	Exhibit B: Launch Schedule 

  

	 	4.	Exhibit C: Milestone Payment Schedule 

  

	 	5.	Exhibit D: Optional Services 

  

	 	6.	Exhibit E: Additional Launch Price 

  

	 	7.	Exhibit F: Disclosures 

 Article
2 
 SERVICES TO BE PROVIDED 
 2.1 Launch Services. Contractor shall provide Launch Services for [***...***] dedicated Launches of Satellite Batches (“Firm Launch(es)”) and up to an additional [***...***]
dedicated Launches of Satellite Batches, if so exercised by Customer (“Additional Launch(es)”), in accordance with this Section 2.1 and the Statement of Work. 

 

	 	2.1.1	If any Launch Service is not a Launch Success, Customer may exercise Additional Launch(es) (on a per Launch Service basis) at anytime up to the end of the Launch
Campaign Period plus [***...***] Days. Such Additional Launch(es) will be performed by Contractor within [***...***] months of Customer’s exercise of an Additional Launch, subject to available Launch Opportunities. The Launch Service
Price, Milestones and Milestone Payments for such Additional Launch(es) under this Section 2.1.1 shall be the same Launch Service Price, Milestone and Milestone Payments as set forth for the first Firm Launch Service in accordance with Exhibit
C. 

  

	 	2.1.2	Customer may reserve the right to procure up to [***...***] Additional Launches, if any Satellite or Satellite Batch(es) experience a loss or failure following
Launch for reasons other than a Launch Failure. In order to reserve such Additional Launches, Customer must pay a reservation fee of [***...***] US Dollars (US $[***...***]) no later than [***...***] months after EDC. The Additional
Launches may be exercised by Customer at anytime up to the end of the Launch Campaign Period plus [***...***] Days. Such Additional Launch(es) will be performed by Contractor within [***...***] months (or such longer period as mutually agreed
by Customer and Contractor) of Customer’s exercise of an Additional Launch, subject to available Launch Opportunities. If exercised, the pricing for such Additional Launch(es) shall be in accordance with Exhibit E. If Customer does not exercise
an Additional Launch pursuant to this Section 2.1.2, the reservation fee paid for such Additional Launch to Contractor will be refunded to Customer within [***...***] Days of Customer’s notice of such effect. 

 

	 	2.1.3	 Notwithstanding Sections 2.1.1 or 2.1.2, Customer may procure up to [***...***] further Additional Launch(es), that may be exercised up through
[***...***], that at the time of such exercise are assigned a Launch Slot ending no later than [***...***] (subject to available Launch Opportunities). The pricing for such Additional Launch(es) shall be

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 8 

	 	 
determined in accordance with [***...***] associated with [***...***] as of the applicable exercise date thereof. The Milestones and Milestone Payment percentages for such Additional
Launch(es) under this Section 2.1.3 shall be the same as set forth in Exhibit E. For the Additional Launch(es) exercised by Customer in accordance with this Section 2.1.3, the Launch Slot for such Launch Service shall be designated so as
to occur within [***...***] years of the Launch Services exercise date, provided however that such Launch Service is performed prior to [***...***]. Customer shall pay to Contractor a reservation fee of [***...***] US Dollars
(US$[***...***]) for each Additional Launch procured pursuant to this Section 2.1.3 no later than [***...***]. Such reservation fee will be applied to the first Milestone Payment for the applicable Additional Launch. If Customer does not
exercise an Additional Launch pursuant to this Section 2.1.3, [***...***] to Customer within [***...***] Days of Customer’s notice of such effect. 

 

	 	2.1.4	Customer and Contractor agree and acknowledge that the total number of Additional Launches that may be exercised by Customer under Sections 2.1.2 and 2.1.3, in the
aggregate, is limited to [***...***]. 

 For the avoidance of doubt, any Refight Options exercised by Customer
in accordance with Article 16 shall not be considered a Firm Launch or Additional Launch. 
 2.2 Determination of Launch Success. If,
within [***...***] Days following any Launch Service, a Satellite experiences an anomaly, failure, defect or other non-conformance with its performance specifications or operational characteristics, Customer shall promptly inform Contractor in
writing and provide reasonable detail regarding such anomaly, failure, defect or non-conformance. Contractor shall, within [***...***] following receipt of Customer’s notice pursuant to this Section 2.2 confirm that: (i) all of the
Launch Success criteria were achieved for the corresponding Launch Service; or (ii) an independent or intervening event not attributable to Contractor’s failure to meet the Launch Success criteria caused the Satellite anomaly, failure,
defect or other non-conformance with its performance specifications or operational characteristics, such confirmation in each case, to be based on flight telemetry and other objective data. If Contractor does not provide such confirmation within the
stipulated time period, then the corresponding Launch shall be deemed a Launch Failure. 
 2.3 Satellite Dispenser. Contractor shall
design, manufacture, test and qualify the Dispenser, which shall be capable of performing all interface, separation and deployment functions in accordance with the SOW. Contractor shall deliver models, data, software, hardware, and test/support
equipment to Customer’s Associate Contractor as required by the SOW. 
  

	2.4	Separation System. 

  

	 	2.4.1	Contractor shall itself or through a Third Party design, manufacture, test and qualify the Separation System, which shall be capable of performing all interface,
separation and deployment functions in accordance with the SOW. Contractor shall deliver models, data, software, hardware, and test/support equipment to Customer’s Associate Contractor as required by the SOW. 

 

	 	2.4.2	[***...***]. If Contractor obtains [***...***]. Without limiting the foregoing, Contractor agrees that [***...***] if Customer [***...***]. Furthermore, if
Contractor obtains [***...***], upon Customer request, Contractor will reasonably assist Customer and provide Customer with [***...***] as is necessary for Customer [***...***], including for [***...***]. Such information includes, but
is not limited to, [***...***]. 

  
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 2.5 Primary and Backup Launch Site. The primary Launch Site for all Launch Services shall be VAFB and
KWAJ is designated as the alternate Launch Site in the event of VAFB unavailability as provided for in this Section 2.5. 
  

	 	2.5.1	Change of Launch Site Not Attributable to Contractor. No later than [***...***] months (or such shorter period that Customer may reasonably agree to in writing)
prior to any scheduled Launch, Contractor shall notify Customer in writing if VAFB is not available for such Launch Services due to Launch Site or Launch Range unavailability for reasons not primarily attributable to Contractor (and notwithstanding
Contractor’s Reasonable Efforts to maintain or preserve Customer’s scheduled Launch Date or Launch Slot) and include in such notification: (i) the reasons for Launch Site or Launch Range unavailability; (ii) the duration of such
Launch Site or Launch Range unavailability; and (iii) the next available Launch Opportunity at VAFB (to the best knowledge of Contractor at that time) and at KWAJ. Within [***...***] Days of receipt of Contractor’s notice, Customer
shall notify Contractor of its election for the Launch Services to be performed at KWAJ, subject to available Launch Opportunities, or during the next available Launch Opportunity at VAFB. If Customer elects to proceed with the Launch Services at
the next available Launch Opportunity at KWAJ or VAFB, then the Adjustment Fee associated with any Launch schedule adjustments as provided for in Article 6 shall not apply to either Contractor or Customer. Notwithstanding the foregoing, in the event
of a Launch Site unavailability within [***...***] months prior to any scheduled Launch Date for any Launch Services under this Contract that results in or is reasonably likely to result in a delay to or displacement of a Customer Launch Slot,
Contractor and Customer will abide by the provisions of this Section 2.5.1 in connection with the selection of a Launch Site for the affected Launch Service. 

 

	 	2.5.2	Change of Launch Site Attributable to Contractor. No later than [***...***] months (or such shorter period that Customer may reasonably agree to in writing) prior to
any scheduled Launch, Contractor shall notify Customer in writing if VAFB is not available for such Launch Services due to Launch Site or Launch Range unavailability for reasons primarily attributable to Contractor and include in such notification:
(i) the reasons for Launch Site or Launch Range unavailability; (ii) the duration of such Launch Site or Launch Range unavailability; and (iii) the next available Launch Opportunity at VAFB (to the best knowledge of Contractor at that
time) and at KWAJ. Within [***...***] Days of receipt of Contractor’s notice, Customer shall notify Contractor of its election for the Launch Services to be performed at KWAJ, subject to available Launch Opportunities, or during the next
available Launch Opportunity at VAFB. If Customer elects to proceed with the Launch Services at the next available Launch Opportunity at KWAJ, then the Adjustment Fee associated with any Launch schedule adjustments as provided for in
Section 6.2 shall apply to Contractor. In the event of a Launch Site unavailability within [***...***] months prior to any scheduled Launch Date for any Launch Services under this Contract that results in or is reasonably likely to result in
a delay to or displacement of a Customer Launch Slot, Contractor and Customer will abide by the provisions of this Section 2.5.2 in connection with the selection of a Launch Site for the affected Launch Service. 

  
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 10 

 Article 3 
 CONTRACT PRICE 
 3.1 Launch Price. The price for each Firm Launch is set forth in
Exhibit C, and the price for each Additional Launch is set forth in Section 2.1 (as applicable, the “Launch Service Price”). If Customer exercises any of the per mission Optional Services provided for in Exhibit D, the per mission
price for such Optional Services shall be included in the corresponding Launch Service Price. 
 3.2 Contract Price. The aggregate price
for all the Firm Launches, including the Non-Recurring Price (together, the “Contract Price”), is set forth in Exhibit C. The Contract Price shall include all of the services specified in the SOW and any of the Optional Services provided
for in Exhibit D that are exercised by Customer. 
 3.3 Taxes. Contractor, after due inquiry, investigation and to the best of its
knowledge, represents and warrants that as of EDC, no taxes, duties and other levies imposed by the United States government or any political subdivision thereof are due for the activities and transactions contemplated by this Contract, including
any Launch Services (“Taxes”). However, should [***...***], Contractor shall, [***...***]. If Contractor is unable [***...***], the Parties shall [***...***], provided however, that in any case [***...***] in connection such
Taxes shall not [***...***] of: (i) [***...***] percent ([***...***]%) of [***...***]; or (ii) [***...***] percent ([***...***]%) of [***...***]. 
 3.4 [***...***]. Contractor [***...***], with respect the Launch Services procured by Customer under this Contract, Customer shall not [***...***] by Contractor following [***...***].
If Contractor [***...***], Contractor shall [***...***] and Customer will be entitled to [***...***]. If [***...***], Contractor will [***...***] within [***...***] Days of the written notice by Customer. At the written
request of Customer, and within [***...***] Business Days thereof, Contractor shall from time-to-time, [***...***] provided for in this Section 3.4. 
 Article 4 
 PAYMENT 
 4.1 Payments. Upon the successful completion of a Non-Recurring Launch Service Milestone or a Launch Service Milestone in accordance with the Milestone completion criteria set forth in Appendix B
of the SOW, Customer shall pay the applicable invoice issued by Contractor in accordance with Section 4.4 below (each a “Milestone Payment”). If a payment due date falls on a Day other than a Business Day, then payment shall be due on
the following Business Day. 
 4.2 [***...***]. Notwithstanding the other provisions of Article 4, in the event that
[***...***] as set forth in [***...***] shall be [***...***]. If [***...***] as set forth in [***...***] shall be [***...***] on a [***...***] basis [***...***]. 

  
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 11 

 4.3 Wire Transfer Instructions. All payments made to Contractor hereunder shall be in
U.S. currency and shall be made by electronic funds transfer to the following account: 
  

			
	Bank Name:	  	[***...***]
	Bank Address:	  	[***...***]
		  	[***...***]
	Account Number:	  	[***...***]
	Routing:	  	[***...***]
	SWIFT:	  	[***...***]

 or such other account or
accounts as Contractor may specify in writing to Customer. 
 To the extent any payments are made to Customer hereunder, all
such payments shall be in U.S. currency and shall be made by electronic funds transfer to the following account: 
  

			
	Bank Name:	  	[***...***]
	Account Number:	  	[***...***]
	ABA Number:	  	[***...***]
	Beneficiary:	  	Iridium Satellite LLC

 or such other
account or accounts as Customer may specify in writing to Contractor. 
 4.4 Invoices. With the exception of the EDC payment addressed
below, for each Milestone Payment, Contractor shall submit to Customer an invoice for payment after successful completion of the applicable Milestone (determined by Customer solely in accordance with the Milestone completion criteria set forth in
Appendix B to the SOW) on or after the corresponding Milestone Payment due date listed in Exhibit C or Exhibit E, as applicable, including Contractor’s certification that the applicable Milestone completion criteria have been met in accordance
with the requirements of the SOW. For the avoidance of doubt, no invoice for a Milestone Payment may be submitted by Contractor until all of the requirements of the applicable Milestone have been met and, in any case, not prior to the applicable
Milestone Payment due date. To the extent that any activities or work related to the completion of a Milestone are subsequently rendered incomplete (or in the case Customer has pre-paid such Milestone and it is subsequently not achieved per the
then-applicable schedule) as a result of corrective work or activity required to be completed by Contractor (for example, as a result of a Launch Service being preempted due an imperative national need as described in Section 12.1.1, or a
stand-down of the Launch Vehicle due to a design flaw or manufacturing process anomaly), Contractor will, at Customer’s written election, reimburse or credit Customer for the total amount of the Milestone Payment for the Milestone which has
been rendered incomplete. Payment shall be made by Customer to Contractor, or as applicable, a reimbursement shall be made by Contractor to Customer, for any Milestone Payment within [***...***] Days of submission of an invoice in accordance
with the requirements of this Section 4.4, except for any invoice pertaining to the EDC payment, which shall be submitted within [***...***] Business Days of: (a) EDC; or (b) exercise of Additional Launch(es), as applicable.
Payments shall be deemed made when credit for the payable amount is established in Contractor’s designated bank account. 

All invoices delivered under this Contract shall be complete and reasonably detailed in order to provide the recipient with sufficient
information to ascertain the nature and scope of the charges included therein. 
 4.5 Disputed Payments. If Customer determines that a
Milestone has not been completed in accordance with the Milestone completion criteria set forth in Appendix B to the SOW, Customer shall so notify Contractor in 

  
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 12 

 
writing within [***...***] Days of receipt of the applicable invoice, and within [***...***] Days thereafter provide in reasonable detail the Contract requirements associated with the
applicable Milestone that have not been met. In the event Contractor disputes Customer’s contention that the applicable Milestone has not been completed in accordance with the requirements of this Contract, the Parties shall attempt to resolve
such dispute in accordance with the procedures provided for in Section 18.1, during which Contractor shall continue to perform its obligations under this Contract in a timely manner, and Customer shall continue to perform its obligations that
are not disputed under this Section 4.5 in a timely manner. If the Parties are unable to resolve such dispute in accordance with the procedures set forth in Section 18.1, then either Party may immediately begin legal proceedings in
accordance with Section 18.2 and the performance obligations set forth in this Section 4.5 shall no longer apply. If it is subsequently determined that the applicable Milestone had been timely completed in accordance with the requirements
of this Contract, Customer shall immediately pay the applicable Milestone Payment, to include late payment interest in accordance with the terms of Section 4.6. 
 4.6 Interest on Payments Due. If any undisputed amount due by Customer to Contractor under this Contract shall remain unpaid after its due date, and if Contractor has provided Customer written
notice thereof with a [***...***] Day period to cure, then the Customer shall pay interest to Contractor at the Interest Rate. Interest will be computed commencing as of the Business Day after the due date until and including the date
payment is actually made, unless paid during the cure period, in which case no interest shall be due. 
 4.7 Accelerated Payments. In the
event that a Launch Service is accelerated by Customer in accordance with the terms of Article 6 the remaining Milestone Payment due dates shall be accelerated on a Day-for-Day basis for such Launch Service. If, as a result of such acceleration
and the early completion of an applicable Launch Service Milestone by Contractor, a Milestone Payment that should already have been made due in accordance with Section 4.1, such Milestone Payment shall be immediately invoiced by Contractor and
paid by Customer within [***...***] Days of receipt of the corresponding invoice by Customer. Notwithstanding the foregoing, no accelerated payment shall be provided for a Milestone that is completed earlier than the corresponding Milestone
Payment due date specified in Exhibit C unless the due date has been accelerated (as described above) or Customer has provided a written notification to Contractor indicating approval of an earlier completion date for such Milestone. 

4.8 U.S. Government Cooperation. Contractor shall, upon the request of Customer, cooperate with any U.S. Government customer for NEXT on a
Reasonable Efforts basis in connection with pricing or cost disclosure requirements. 
 Article 5 

LAUNCH SCHEDULE 
 5.1
Launch Campaign Period. The [***...***] Firm Launches shall take place during the term commencing with the initial Day of the Launch Slot for the first Firm Launch and ending [***...***] months thereafter (“Launch
Campaign Period”). The Parties have scheduled the Launch Slots and Launch Dates in accordance with Exhibit B. 
 5.2 Confirmation of
Launch Campaign. Period No later than [***...***] months prior to the commencement of the Launch Campaign Period, Customer shall provide Contractor a written notice: (i) confirming the Launch Campaign Period designated in
Section 5.1; or (ii) adjusting the Launch Campaign Period in accordance with Section 6.1.1. 

  
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 13 

 5.3 Additional Launches. Customer shall confirm to Contractor the desired Launch Slot within a Launch
Opportunity for each Additional Launch as of the date such Additional Launch is ordered pursuant to the terms of this Contract. In the event that the Launch Slot desired by Customer is not available, Contractor shall propose a new available Launch
Slot that is closest in time to the Launch Slot originally requested by Customer, and the Parties will cooperate in good faith to determine such Launch Slot within [***...***] Business Days of Contractor’s new proposal. The process described
in the immediately preceding sentence shall be repeated until a Launch Slot is determined. 
 5.4 Launch Manifest Policy. Contractor and
Customer shall comply with the launch schedule prioritization policy set forth in this Section 5.4 in the event of a delay caused by either Customer or Contractor. 
  

	 	5.4.1	Subject to Section 5.4.2, Contractor agrees and acknowledges that, consistent with its manifest policy, Customer’s scheduled Launch Service (including any
Additional Launches or reflight Launch Services exercised by Customer) will not be displaced from a Launch Slot or Launch Date, with the following exceptions: (i) [***...***]; (ii) [***...***]; or (iii) [***...***] available
for a scheduled Customer Launch Service. If a Customer Launch Service is displaced pursuant to the terms of this Section 5.4.1, then notwithstanding such displacement, the pre-existing order of manifested launches shall remain in effect as of
the date the displacement occurs. 

  

	 	5.4.2	In the event of a Contractor delay of either a Customer Launch Service (including any Additional Launches or reflight Launch Services exercised by Customer) or a prior
Third Party launch service for reasons attributable to: (i) [***...***]; (ii) [***...***]; or (iii) [***...***], the pre-existing order of manifested launches shall remain in effect as of the date of the Contractor delay.

  

	 	5.4.3	In the event of [***...***] that occurs [***...***] and is [***...***] between [***...***] associated with [***...***], Contractor shall [***...***].
If such [***...***] within [***...***] Days of the applicable [***...***], and Contractor is [***...***], then Contractor shall [***...***] provided that [***...***] shall be [***...***]. 

 

	 	5.4.4	In the event of [***...***] that occurs [***...***] and is [***...***] between [***...***] associated with [***...***], Contractor shall [***...***].
If such [***...***] within [***...***] Days of the applicable [***...***], and Contractor is [***...***], Contractor shall [***...***]. 

  

	 	5.4.5	If any Customer Launch Service (including any Additional Launches or reflight Launch Services exercised by Customer) is a DO/DX Launch, Contractor shall perform such
Launch Service in accordance with the prioritization requirements of the CSLA. 

  

	 	5.4.6	Subject to Section 5.5, Contractor shall assign any available Launch Opportunities to Customer or its existing Third Party customers on a first-come, first-served
basis upon the earlier in time receipt of a binding contract amendment, change order or option exercise from Customer or any existing Third Party customer. 

 5.5 Contractor Provision of Manifest-Related Information. Contractor, in accordance with the requirements of the SOW, shall provide Customer once per calendar quarter a schedule of current
contracted launches and Launch Opportunities extending through the later of: (i) the period Customer may exercise Additional Launch(es) as specified in Section 2.1; or (ii) the performance of any Launch Services under this Contract.
Such schedule will not reflect the names of 

  
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Contractor’s customers or payloads or any other Proprietary Information of Contractor not germane to manifest management, and will be considered Proprietary Information of Contractor
pursuant to Article 19 herein and shall be used by Customer only for the purpose of managing Customer’s rights and obligations under this Contract. Notwithstanding the foregoing, Contractor may from time-to-time [***...***] that
[***...***] is subject to [***...***] with the effect of [***...***] for a [***...***] Day period. Following the aforementioned [***...***] Day period, if Contractor has not [***...***] during the identified [***...***], then
such [***...***] to Customer. If Contractor becomes aware of any event, development or circumstance that, in the reasonable judgment of Contractor would materially impact the scheduling of a Customer Launch Slot or Launch Date, Contractor shall
promptly notify Customer in writing of such potential event, development or circumstance and Contractor’s plan to resolve or mitigate the impact thereof on the scheduling of Customer’s applicable Launch Slot or Launch Date. 

Article 6 

LAUNCH SCHEDULE ADJUSTMENTS 
  

	6.1	Customer Launch Schedule Adjustments 

  

	 	6.1.1	Customer No-Cost Adjustments. Customer shall have the right to adjust the Launch Campaign Period, or any scheduled Launch Slot or Launch Date, at no increase to the
Contract Price as follows: 

  

	 	(A)	Advance the commencement of the Launch Campaign Period, or any scheduled Launch Slot, subject to providing written notice to Contractor no less than [***...***]
months prior to the desired new Launch Slot or commencement date of the Launch Campaign Period. 

  

	 	(B)	Postpone the commencement of the Launch Campaign Period, or any scheduled Launch Slot, subject to providing written notice to Contractor no less than [***...***]
months prior to the originally scheduled Launch Slot or commencement of the Launch Campaign Period. 

  

	 	(C)	Postpone the Launch Date within the applicable Launch Slot no less than [***...***] prior to the then-scheduled Launch Date, provided that advance written notice is
provided to Contractor. 

  

	 	(D)	Postpone any Launch Date for a cumulative period of up to [***...***] months. 

 

	 	6.1.2	Customer Cost-Based Adjustments. Customer shall have the right to adjust any scheduled Launch Date that does not meet the criteria provided for in Section 6.1.1,
subject to application of an adjustment fee (the “Adjustment Fee”) as set forth below: 

  

	 	(A)	Advance the applicable Launch Date so that the Launch Service is performed between [***...***] and [***...***] months following Customer’s written
notification, for an Adjustment Fee of [***...***] percent ([***...***]%) of the applicable Launch Service Price. The Adjustment Fee shall be amortized equally among the remaining Milestone Payments for the applicable Launch Service. If a
Launch Service advanced pursuant to this Section 6.1.2 (A) is not performed between [***...***] and [***...***] months following Customer’s written notification for reasons other than a Customer delay requested pursuant to
Section 6.1, the Adjustment Fee shall be refunded to Customer within [***...***] Days. 

  

	 	(B)	 Advance the applicable Launch Date so that the Launch Service is performed less than [***...***] months following Customer’s written
notification, for an 

  
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Adjustment Fee of [***...***] of the applicable Launch Service Price. The Adjustment Fee shall be amortized equally among the remaining Milestone Payments for the applicable Launch Service. If
a Launch Service advanced pursuant to this Section 6.1.2 (B) is not performed within [***...***] months following Customer’s written notification for reasons other than a Customer delay requested pursuant to Section 6.1, the
Adjustment Fee shall be refunded to Customer within [***...***] Days. 

  

	 	(C)	Postpone the applicable Launch Date: 

  

	 	(i)	for a period of between [***...***] and [***...***] months, for an Adjustment Fee of [***...***] percent ([***...***]%) of the applicable Launch Service
Price per month; 

  

	 	(ii)	for a period of more than [***...***] months, for an Adjustment Fee of [***...***] percent ([***...***]%) of the applicable Launch Services Price per month; or

  

	 	(iii)	within the applicable Launch Slot within [***...***] prior to the then-scheduled Launch Date, subject to available Launch Opportunities and payment of direct costs
incurred as a direct result of the postponement of the Launch Date by Third Parties engaged by Contractor. 

  

	 	(D)	Customer, in lieu of paying the Adjustment Fees set forth in Sections 6.1.2 (C), may instead make then-current Milestone Payments for the affected Launch Service,
subject to the provisions of Section 4.4. 

  

	 	6.1.3	Conditions Associated With Customer Launch Schedule Adjustments 

  

	 	(A)	The scheduling of a new Launch Date pursuant to a Customer request under Sections 6.1.1 or 6.1.2 shall be subject to: (i) available Launch Opportunities; and
(ii) Customer providing justification or evidence for the underlying event/cause resulting in its postponement request in a form reasonably acceptable to Contractor. 

 

	 	(B)	Any delay of a Launch Date in excess of the delay requested by Customer shall not be deemed either a Customer or Contractor delay for purposes of Article 6.

  

	 	(C)	In connection with any Customer adjustments to a Launch Date, Contractor shall maintain the capability to perform no less than [***...***] Customer Launch Services
during any [***...***] month period during the Launch Campaign Period plus [***...***] additional months. 

  

	 	(D)	For any Launch Services advanced by Customer pursuant to Section 6.1.1 or 6.1.2, the remaining Milestone Payments will be advanced on a Day-for-Day basis.

  

	 	(E)	If Customer provides Contractor at least [***...***] months advance notice of postponement of the Launch Campaign Period, a Launch Slot or Launch Date, then
Customer’s remaining Milestone Payments for the affected Launch Services will be postponed on a Day-for-Day basis. 

  
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	 	(F)	If Customer provides Contractor less than [***...***] months advance notice of postponement of the Launch Campaign Period, a Launch Slot or Launch Date, then
Customer’s remaining Milestone Payments (with the exception of payments associated with the Launch and Post Flight Report Complete Milestones identified in Exhibit C) for the affected Launch Services will be due and payable in accordance with
the existing Milestone Payment schedule prior to giving effect to Customer’s requested postponement. 

  

	 	(G)	Any Adjustment Fees applicable to a fractional month shall be calculated on a pro-rata basis. 

 

	 	(H)	For the avoidance of doubt, provided that [***...***], if Customer has [***...***] and the Parties are [***...***], the Contractor shall [***...***] for
that particular Launch Service. 

  

	 	(I)	Notwithstanding the foregoing, if Contractor is able to [***...***] pursuant to the terms of Section [***...***], the applicable [***...***] shall not be
[***...***] and will not be [***...***]. 

  

	 	(J)	Customer may change the mission designation of any Launch Slot or Launch Date under this Contract in connection with any Launch Slot or Launch Date adjustment pursuant
to Section 6.1 in accordance with the applicable requirements of the SOW. 

  

	 	(K)	Customer’s right to advance the Launch Campaign Period, any Launch Slot or Launch Date pursuant to Sections. 6.1.1(A), 6.1.2(A) and 6.1.2.(B) shall be subject to
the Parties mutually and reasonably agreeing to necessary changes to the Launch Vehicle qualification criteria set forth in Article 11. 

  

	 	(L)	The aggregate sum of any Adjustment Fees due by Customer to Contractor resulting from adjustments to any particular Launch Service pursuant to Section 6.1.2 shall
not exceed: (i) [***...***] US Dollars (US$[***...***]) for the first Firm Launch; and (ii) [***...***] US Dollars (US$[***...***]) for Firm Launches [***...***] through [***...***], with a sum of Adjustment Fees not to
exceed [***...***] US Dollars (US$[***...***]) for all Firm Launches. With respect to any Additional Launches, the aggregate sum of Adjustment Fees owed by Customer to Contractor shall be [***...***] US Dollars (US$[***...***]) for each
Additional Launch Service. 

  

	 	(M)	Any Adjustment Fees incurred by Customer pursuant to Section 6.2 shall be paid to Contractor monthly in arrears. 

 

	6.2	Contractor Launch Schedule Adjustments. 

  

	 	6.2.1	Contractor No-Cost Adjustments. Contractor shall have the right to adjust the Launch Date, without application of an Adjustment Fee, as follows:

  

	 	(A)	Contractor shall have the right to adjust the Launch Date within the applicable Launch Slot up to [***...***] Days prior to the then-scheduled Launch Date, subject
to: (i) available Launch Opportunities; (ii) availability of a Satellite Batch and Customer mission critical resources; and (iii) provided that reasonable advance written notice is provided to Customer. 

  
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	 	(B)	Postpone any Launch Date for a cumulative period of up [***...***] Days. 

 

	 	6.2.2	Contractor Cost-Based Adjustments. Contractor shall have the right to postpone any scheduled Launch Date that does not meet the criteria provided for in
Section 6.2.1, subject to available Launch Opportunities, the manifest policy set forth in Section 5.4 and application of an Adjustment Fee as set forth below: 

 

	 	(A)	Postpone the Launch Date within the applicable Launch Slot within [***...***] prior to the then-scheduled Launch Date, subject to available Launch Opportunities and
payment of direct costs incurred as a direct result of the postponement of the Launch Date by Related Third Parties engaged by Customer. 

  

	 	(B)	Subject to Customer not exercising its termination for default right provided for under Section 17.2, and with respect to the first Firm Launch Service only, from
[***...***] Days and up to [***...***] Days in the aggregate for an Adjustment Fee of [***...***] percent ([***...***]%) of the applicable Launch Service Price per month. 

 

	 	(C)	With respect to all other Launch Services (other than the first Firm Launch Service), from [***...***] and up to [***...***] Days in the aggregate for an
Adjustment Fee of [***...***] percent ([***...***]%) of the applicable Launch Service Price per month. 

  

	 	(D)	With respect to all Launch Services (other than the first Firm Launch Service), and subject to Customer not exercising its termination for default right provided for
under Section 17.2, greater than [***...***] Days and up to [***...***] Days in the aggregate for the affected Launch Service for an Adjustment Fee of [***...***] percent ([***...***]%) of the applicable Launch Service Price per
month. 

  

	 	(E)	With respect to all Launch Services, subject to Customer not exercising its termination for default right provided for under Section 17.2, greater than
[***...***] Days in the aggregate for the affected Launch Service for an Adjustment Fee of [***...***] percent ([***...***]%) of the applicable Launch Service Price per month. 

 

	 	6.2.3	Conditions Associated With Contractor Launch Schedule Adjustments 

  

	 	(A)	In connection with any Contractor adjustments to a Launch Date, Contractor shall maintain the capability to perform no less than [***...***] Customer Launch Services
during any [***...***] month period during the Launch Campaign Period plus [***...***] additional months. Notwithstanding the foregoing, Contractor shall complete the Launch of all Satellite Batches as expeditiously as possible.

  

	 	(B)	For any Launch Services postponed by Contractor pursuant to Section 6.2, the remaining Milestones for such Launch Service will be delayed on a Day-for-Day basis
and Customer shall pay such Milestones in accordance with revised Milestone Payment schedule for such Launch Service. 

  
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TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
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	 	(C)	Any Adjustment Fees applicable to a fractional month shall be calculated on a pro-rata basis. 

 

	 	(D)	If a new Launch Date outside of the original Launch Slot is established as a result of a Launch schedule adjustment pursuant to this Section 6.2, the
newly-established Launch Date shall represent the first Day of the new corresponding Launch Slot. 

  

	 	(E)	The aggregate sum of any Adjustment Fees due by Contractor to Customer resulting from adjustments to any particular Launch Service pursuant to Section 6.2.2 shall
not exceed: (i) [***...***] US Dollars 
(US$[***...***]) for the first Firm Launch; and (ii) [***...***] US Dollars (US$[***...***]) for Firm Launches [***...***] through [***...***], with a sum of Adjustment Fees not
to exceed [***...***] US Dollars 
(US$[***...***]) for all Firm Launches. With respect to any Additional Launches, the aggregate sum of Adjustment Fees owed by Contractor to Customer shall be [***...***] US Dollars (US$[***...***])
for each Additional Launch Service. 

  

	 	(F)	Any Adjustment Fees incurred by Contractor pursuant to Section 6.2 shall be paid to Customer monthly in arrears. 

6.3 Notice of Requests and Determination of Launch. Opportunities All Customer and Contractor requests for adjustment of the Launch Campaign
Period, or the Launch Slot or Launch Date, shall be made by giving written notice to the other Party in accordance with Section 8.3. The Parties will cooperate in good faith to adjust the Launch Campaign Period or select a new Launch Slot or
Launch Date, as applicable. In the event that the Parties cannot mutually agree as to the relevant adjustment within [***...***] Days (or such shorter time period as may be necessary in light of the proximity to the Launch), the Parties
shall apply the launch manifest policy set forth in Section 5.4 to determine a new Launch Slot or Launch Date, taking into account the available Launch Opportunities and the requirements and interests of Customer and Contractor. Until the new
Launch Campaign Period, Launch Slot or Launch Date is selected in accordance with this Section 6.3, the then-current Launch Schedule shall remain in effect. 
 6.4 [***...***]. Customer shall have [***...***] that is scheduled on [***...***] during the [***...***] months thereafter 
[***...***], provided such [***...***] is made at
least [***...***] prior to the date of such [***...***]. Prior to submission of [***...***], Contractor shall: (i) [***...***]; and (ii) [***...***], and to the extent reasonably appropriate or advisable under the
circumstances, [***...***] in furtherance of the [***...***]. If [***...***], Contractor shall [***...***] into a [***...***] in accordance with the terms and conditions of this Contract. 

6.5 Obligation to Give Prompt Notice. Contractor and Customer acknowledge and agree that it is in the best interests of both Parties to promote
certainty in launch schedule decisions and minimize disruption to other customers of Contractor. Therefore, the Parties agree to give prompt notice of any need for a schedule change under this Article 6 or any actual or potential delay that
might impact the launch schedule, with such notification to occur pursuant to Section 6.3. 

  
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 6.6 Characterization of Adjustment Fees. Customer and Contractor agree that the Adjustment Fees
provided for in this Article 6 do not constitute a penalty or estimate of future damages, but represent reasonable fees associated with the adjustment of affected Launch Service and Contractor or Customer’s associated obligations under this
Contract at various points in time. 
 Article 7 
 REPRESENTATIONS AND WARRANTIES 
 The Contractor makes the representations
and warranties contained in this Article 7. Each such representation and warranty shall be deemed made as of the execution date of this Contract, and if necessary, Contractor shall supplement such representations and warranties as of EDC.

 7.1 Contractor’s Performance. In connection with Contractor’s performance of its obligations under this Contract, Contractor
shall maintain its ISO 9001 certification and obtain and maintain AS9100 certification, perform work in a skillful and workmanlike manner and otherwise abide by common standards, practices, methods and procedures in the commercial aerospace industry
(and not solely in the commercial launch services industry). For the avoidance of doubt and with the exception of any acts of Contractor Gross Negligence, Contractor’s undertaking in this Section 7.1 does not apply to the performance of or
liability with respect to any Launch Services following the moment of Intentional Ignition with respect to any Launch Service. With the exception of ISO 9001 and AS9100, Customer represents and warrants that its Satellite manufacturer Associate
Contractor is subject to substantially similar contractual obligations as those set forth in this Section 7.1. 
 7.2
[***...***]. During [***...***] hereunder and until such time as [***...***], Contractor shall [***...***] with [***...***] versions of: (i) [***...***]; (ii) if available, [***...***];
(iii) [***...***]; and (iv) [***...***], in each case as soon as [***...***]. 
 7.3 Litigation. Except as set forth
on Exhibit F, there are no facts, actions, suits, litigation, arbitration or administrative proceedings pending or, to Contractor’s best knowledge, threatened, against the Contractor which would materially adversely effect the Contractor, its
financial condition, results of operations and cash flows or otherwise prevent the Contractor from performing under this Contract. 
 Article 8 
 COORDINATION AND COMMUNICATION BETWEEN 

CUSTOMER AND CONTRACTOR 

8.1 Contractor Cooperation. Contractor shall cooperate in good faith with and support Customer in the following areas: 

 

	 	•	 	 Coordination of the Launch Services and associated planning activities with Customer’s Satellite manufacturing Associate Contractor;

  

	 	•	 	 Preparation and presentation of technical briefings associated with Customer’s procurement of Launch and In-Orbit Insurance, if procured by
Customer, including any claims pursued by Customer thereunder; 

  
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	 	•	 	 Registration of the Satellites in accordance with the United Nations Convention on Registration of Objects Launched into Outer Space; and

  

	 	•	 	 Debt or equity financing activities associated with the cost of the Launch Services. 

8.2 Launch Program Managers. Each Party shall designate a Launch Program Manager no later than one (1) month after EDC. The task of each of
the Launch Program Managers shall be to supervise and coordinate the respective Satellite integration and mission analysis activities between the Parties. Neither Launch Program Manager is authorized to direct work in contravention of the
requirements of this Contract or to make modifications to this Contract. Contractor may replace its Launch Program Manager provided Customer has received notification of such action. Customer may reasonably request a change in the Contractor
personnel assigned as the Contractor Launch Program Manager, and Contractor shall exercise Reasonable Efforts to comply with Customer’s request in a timely manner. 
 8.3 Notices. All notices that are required or permitted to be given under this Contract shall be in writing and shall be delivered in person or sent by facsimile, certified mail (return receipt
requested) or air courier service to the representative and address set forth below, or to such other representative or address specified in a notice to the other Party. Ordinary course communications under this Contract may be given via electronic
mail (message delivery or receipt confirmation requested). Notices shall be effective upon delivery in person or upon confirmation of receipt in the case of facsimile, certified mail or air courier. 

 

			
	 Notices to Contractor:
	  	 Notices to Customer:

	[***...***]	  	[***...***]
	Space Exploration Technologies Corp.	  	Iridium Satellite LLC
	1 Rocket Road	  	2030 East ASU Circle
	Hawthorne, CA 90250	  	Tempe, AZ 85284
	Telephone: [***...***]	  	
	Fax: [***...***]	  	Telephone: [***...***]
	E-mail: [***...***]	  	Fax: [***...***]
		
	With a copy to:	  	With a copy to:
		
	[***...***]	  	[***...***]
	Space Exploration Technologies Corp.	  	Iridium Satellite LLC
	1030 15th Street, NW	  	2030 East ASU Circle
	Suite 450	  	Tempe, AZ 85284
	Washington, DC 20005	  	
	Telephone: [***...***]	  	Telephone: [***...***]
	Fax: [***...***]	  	Fax: [***...***]
	E-mail: [***...***]	  	
		  	and
		
		  	[***...***]
		  	Iridium Satellite LLC
		  	6707 Democracy Boulevard
		  	Suite 300
		  	Bethesda, MA 20817
		  	Telephone: [***...***]
		  	Fax: [***...***]

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
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 Either Party may from time-to-time change its notice address or the persons to be notified
by giving the other Party written notice (as provided above) of such new information and the date upon which such change shall become effective. 
 8.4 Communications in English. All documentation, notices, reports and correspondence under this Contract shall be submitted and maintained in the English language. 

Article 9 

ADDITIONAL CONTRACTOR AND CUSTOMER OBLIGATIONS 
 PRIOR TO LAUNCH 
 9.1 Obligation to Provide Information. Contractor shall provide to
Customer and Customer shall provide to Contractor the data, hardware and services identified in the SOW and required to perform their respective obligations hereunder according to the schedules provided therein. The data, hardware and services will
be received in a condition suitable for their intended use as defined by the requirements of the SOW. 
 9.2 Notification of
Non-Compliance. Either Party shall promptly, and in any event within [***...***] Business Days, notify the other Party in accordance with Section 8.3 in the event that any data, hardware (excluding hardware associated with the
Launch Vehicle qualification criteria provided for in Article 11) or services provided pursuant to the terms of this Contract is not compliant with the applicable requirements contained in the SOW. The notification shall contain a statement of the
discrepancy. Contractor or Customer, as applicable, shall promptly remedy the non-compliance or discrepancy identified pursuant to this Section 9.2 with no increase to the Contract Price. 

9.3 [***...***]. Contractor shall [***...***] attributable to [***...***] (other than [***...***] set forth in [***...***]) that

[***...***]. Customer [***...***] that [***...***] is subject to [***...***] as those set forth in this Section 9.3. 
 9.4
[***...***]. Contractor shall [***...***]. Customer [***...***] that [***...***] is subject to [***...***] as those set forth in this Section 9.4. 
 Article 10 
 CUSTOMER ACCESS 

10.1 Factory and Launch Site Access. Customer, its Related Third Parties and designated Affiliates shall have access, subject to coordination with
and following reasonable notice to Contractor, to Contractor’s mission hardware final assembly factory to witness Contractor’s mission hardware final acceptance activities. Customer, its Related Third Parties and designated Affiliates (in
each case at their own expense with respect to travel 

  
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and disbursements), will have access to the Launch Site, launch complex and Satellite encapsulation area to witness major Customer-related mission tests and to attend regular coordination
meetings. Contractor shall, on a Reasonable Efforts basis, provide Customer, and with prior Customer approval, Customer’s Related Third Parties and designated Affiliates, with non-escort badges at the Launch Site, launch complex and Satellite
encapsulation area. In each case, the access rights of Customer, its Related Third Parties and designated Affiliates shall be subject to applicable regulatory, confidentiality, security and/or safety limitations. 

10.2 Access to Information. Subject to applicable regulatory, confidentiality, security and/or safety limitations, Customer, its Related Third
Parties and designated Affiliates shall have access to: (i) for ordinary course activities under the Contract, information required to be provided or made available under the SOW; (ii) in connection with the Dispenser, all designs, parts,
processes, test plans and results, procedures and all other data related to failures or defects and related documentation; and (iii) if there is failure or non-conformance specifically related to a Launch Service, information related to any
failure or non-conformance, including failure determination, remediation and resolution and associated documentation. 
 Article
11 
 LAUNCH VEHICLE QUALIFICATION 
 11.1 Compliant and Proven Launch Vehicle. Contractor shall provide a Launch Vehicle to perform the Launch Services under this Contract which meets or exceeds all of the following non-recurring and
recurring eligibility criteria: 
  

	 	11.1.1	Non-Recurring Launch Vehicle Qualification Criteria 

  

	 	(A)	No later than [***...***]: (i) Contractor shall demonstrate compliance of the Falcon 9 [***...***] vehicle with the [***...***] set forth in
[***...***] via [***...***] (in such case, [***...***] shall be [***...***] for purposes of this Contract [***...***]); and (ii) both or either of the [***...***] shall be [***...***]. 

 

	 	(B)	If Contractor is [***...***] pursuant to Section 11.1.1(A), however as of [***...***] months [***...***] otherwise demonstrates that [***...***] comply
with [***...***] set forth in [***...***], then Customer, [***...***]. Furthermore, if Contractor, as of [***...***] months [***...***], is [***...***] comply with [***...***] set forth in [***...***], respectively of
[***...***], then Customer, [***...***]. For the avoidance of doubt, Contractor’s [***...***] provided for in this Section 11.1.1(B) [***...***]. 

 

	 	(C)	No later than [***...***], Contractor shall demonstrate compliance of the Falcon 9 [***...***] vehicle with the [***...***] set forth in [***...***] via
[***...***]. In such case, [***...***] shall be [***...***] for purposes of this Contract [***...***]. 

  

	 	(D)	If Contractor is [***...***] pursuant to Section 11.1.1(C), Customer, [***...***], may: (i) [***...***]; (ii) [***...***]; and/or
(iii) [***...***], provide Contractor with [***...***], without prejudice to any of Customer’s other rights under this Contract. 

  

	 	(E)	[***...***] shall be [***...***], including [***...***], through a [***...***] at least [***...***]. 

 

	 	(F)	If Contractor is [***...***] set forth in Section 11.1.1(E), Customer, [***...***], may: (i) [***...***]; (ii) [***...***]; or
(iii) [***...***]. 

  
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	 	11.1.2	Recurring Launch Vehicle Qualification Criteria 

  

	 	(A)	To the extent [***...***] (if involving a [***...***], such [***...***] will be deemed to include [***...***]) has [***...***] in the flight
[***...***], then Customer, [***...***]. 

  

	 	(B)	[***...***] percent ([***...***]%). 

  

	 	(C)	If Contractor is [***...***] set forth in Section 11.1.2 (B), [***...***]: (i) [***...***]; (ii) [***...***]; and/or
(iii) [***...***] the requirements set forth in Section 11.1.2 (B). 

  

	 	11.1.3	Except as otherwise indicated in Section 11.1, the Dispenser shall not be required to be flown on any of the missions provided for in this Section 11.1,
however Contractor shall verify the Dispenser’s compliance with the requirements of the SOW. 

  

	 	11.1.4	The Optional Services, to the extent applicable, shall not be required to be flown on any of the missions provided for in this Section 11.1, however Contractor
shall verify compliance of the applicable Optional Services with the corresponding SOW requirements. 

 11.2 Conditions
Applicable to Non-Recurring and Recurring Launch Vehicle Qualification Criteria. If Contractor fails to qualify (with respect to non-recurring criteria) or maintain (with respect to recurring criteria) the relevant qualification criteria
provided for in Section 11.1, the following shall apply: 
  

	 	11.2.1	With the exception of a Force Majeure event, any Contractor delay provided for in Section 11.1 that results in the postponement of a Launch Date or Launch Slot for
any Launch Service shall be treated as a Contractor launch schedule adjustment in accordance with Section 6.2. 

  

	 	11.2.2	Where Contractor’s failure to achieve or maintain one or more qualification criteria in Section 11.1 provides Customer the right to postpone a Launch Service,
including the applicable Launch Slot or Launch Date, such postponement: (i) shall be without application of any Customer delay attribution provided for in Section 6.1; (ii) any affected Payment Milestones shall be accordingly
adjusted; (iii) any affected Launch Services shall be rescheduled subject to available Launch Opportunities and in accordance with the launch manifest policy set forth in Section 5.4; and (iv) at no increase to a Launch Service Price
or the Contract Price. 

  

	 	11.2.3	If Contractor fails to achieve or maintain the Launch Vehicle’s mass to orbit and volumetric performance requirements in the Launch Interface Requirements Document
(forming part of the SOW) and Contractor is compelled to Launch fewer than [***...***] Satellites per Satellite Batch: (i) Contractor shall perform not more than [***...***] additional Launch Service intended to Launch that number of
Satellites that Contractor did not previously Launch (due to the Launch Vehicle performance issues described above), up to a maximum of [***...***] additional Satellites, in accordance with the requirements of the SOW, with such additional Launch
Service to be performed no later than [***...***] months following completion of the Launch Campaign Period and at no increase to the Contract Price; and (ii) the reference in Section 16.1 and 16.1.4 to “failure of [***...***]
or more Satellites” will be adjusted to reflect the number of Satellites per Satellite Batch that can be accommodated by the Launch Vehicle’s mass to orbit and volumetric performance capabilities. 

  
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 11.3 Notification of Material Change or Non-Compliance. Contractor shall notify Customer of any:

  

	 	(A)	proposed material change (i.e., any change that impacts the qualification status of a Launch Vehicle, or its compliance with the requirements of the SOW) (a
“Material Change”); or 

  

	 	(B)	a non-compliance with the requirements of the SOW a (“Non-Compliance”), 

 in each case with respect to: (i) mission-specific designs, parts, processes, failures, defects and documentation; (ii) any configuration of the Launch Vehicle, Dispenser and/or the demonstrated
flight domain; or (iii) ground or Launch Site elements, within [***...***] Business Days of the decision to implement the Material Change but in no instance after the Material Change itself has been implemented, and with respect to a
Non-Compliance, as soon as practicable and in any event within [***...***] Business Days. Should Customer so request, Contractor shall provide Customer a briefing during which Contractor shall describe the Material Change, provide the basis for
the Material Change, outline the testing/qualification plan for the Material Change, and describe the impact to the Launch Vehicle due to the Material Change. [***...***]. 
 11.4 Failure Review Board. If any configuration of the Falcon 9, or its derivatives (with or without a Dispenser), experiences Launch Failure, then Contractor shall only perform the remaining
Launch Services under this Contract after the most probable cause of the failure has been identified and corrective actions have been implemented to the satisfaction of the applicable failure review board (the “Failure Review Board”)
convened by Contractor to evaluate the root cause of such failure. If Contractor has not already convened a Failure Review Board to evaluate such failure or underperformance, then Customer may give written notice to Contractor requesting that a
Failure Review Board be convened. The Failure Review Board shall consist of those technical disciplines necessary to assess the failure, its cause and necessary corrective action, if any, required for future launches. Subject to applicable
[***...***]. Customer, Subject to applicable [***...***]. Contractor shall [***...***] that are provided to [***...***]. 
 Article 12 
 PERMITS AND APPROVALS AND COMPLIANCE 

WITH UNITED STATES GOVERNMENT REQUIREMENTS 
 12.1 Compliance with Requirements. Contractor has executed or, [***...***] months prior to the first Launch Date, shall have executed, agreements with the required United States Government
agencies for use of United States Government-owned property and facilities relating to the Launch Site. Customer and Contractor agree that they shall comply with the United States Government’s laws, regulations, policies and directives as they
relate to the performance of this Contract. Contractor shall provide to Customer reasonable notice (in writing) of the requirements specific to access and operate at the Launch Site. The Parties shall, before Launch, execute and deliver the
Agreement for Waiver of Claims and Assumption of Responsibility, the execution of which is required by the United States Department of Transportation (14 C.F.R. Section 440.17(c)) as a condition of granting Contractor’s license to conduct
Launch Activities and Launch the Satellites (“Government Cross-Waiver”). 
  

	 	12.1.1	 Government Need. Customer and Contractor agree that, in the event of a DO/DX Launch that necessitates the postponement of any of Customer’s Launch
Services, Contractor shall promptly notify Customer of the delay(s) and reschedule the affected Launch Service within the next available Launch Opportunity and in accordance with Section 5.4. Neither the United States Government nor the
Contractor shall be liable to 

  
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Customer for any costs or damages, including any direct, indirect, special, incidental or consequential damages or any other revenue or business injury or loss, arising out of a delay caused by
such priority use of property or personnel. 

  

	12.2	Compliance with U.S. Government Export/Import Statutes and Regulations. 

 

	 	12.2.1	Compliance with Statutes and Regulations. Each Party hereby acknowledges that it shall comply with all applicable statutes and regulations relating to the export and
import of commodities, services or technical data out of and into the United States of America. 

  

	 	12.2.2	Transfers of Technical Data. Each Party shall be responsible for compliance with applicable United States Government regulations relating to the transfer of technical
data to the other Party or to Third Parties and Related Third-Parties. 

  

	 	12.2.3	Notification Regarding Personnel. Customer and Contractor hereby agree to identify and promptly notify the other Party, its Foreign Person employees, Foreign Person
employees of its Related Third Parties and Foreign Person consultants of any of them who will participate in, or receive any technical data or defense services in connection with the performance of this Contract. 

 

	 	12.2.4	Refusal to Admit or Transmit Information to Foreign Persons Not Covered. Customer acknowledges that Contractor must refuse to admit to any meeting and refuse to
transmit any technical data or provide any defense services, to a Foreign Person participant who is not covered by an applicable license or agreement issued by the United States Government and duly executed by the appropriate parties.

 Article 13 
 CHANGES 
 13.1 Changes Generally. Customer may, at any time, direct a change within
the general scope of this Contract (“Change Order”). 
 13.2 Change Order Process. Prior to initiating a Change Order, Customer
shall issue a written request to Contractor for a proposal. Within [***...***] Days of Customer’s written request (or such longer period as Customer and Contractor may reasonably agree to based on the scope of the Change Order),
Contractor shall provide Customer a written proposal for implementation of the contemplated Change Order, to include for each defined task: (i) [***...***]; (ii) [***...***]; and (iii) [***...***]. Contractor’s proposal
shall also include any proposed changes to the Launch Slot or Launch Date for any relevant Launch Service, the Milestones, the Milestone Payments or the SOW. 
 13.3 Contract Amendment. After receipt of Customer’s written approval of Contractor’s proposal submitted pursuant to Section 13.2, the Change Order shall be deemed to be a firm fixed
price adjustment to the Contract and Contractor shall promptly proceed with the Change Order, and as applicable, the Parties shall execute any necessary amendment to this Contract in accordance with Section 24.1 (Amendment) within
[***...***] Days of Customer’s initiation of a Change Order. For the avoidance of doubt, if a Change Order is not ultimately agreed to between the Parties, it shall not otherwise alter the obligations of the Parties hereunder.

  
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 Article 14 
 INDEMNITY, EXCLUSION OF WARRANTY, WAIVER OF LIABILITY 
 AND ALLOCATION OF
CERTAIN RISKS 
 14.1 NO REPRESENTATIONS OR WARRANTIES. EXCEPT AS SET FORTH IN ARTICLE 7, CONTRACTOR HAS NOT MADE NOR DOES IT MAKE
ANY REPRESENTATION OR WARRANTY, WHETHER WRITTEN OR ORAL, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF DESIGN, OPERATION, WORKMANSHIP, RESULT, CONDITION, QUALITY, SUITABILITY OR MERCHANTABILITY OR OF FITNESS FOR USE OR FOR A
PARTICULAR PURPOSE, ABSENCE OF LATENT OR OTHER DEFECTS, WHETHER OR NOT DISCOVERABLE, WITH RESPECT TO THE LAUNCH VEHICLE, SUCCESS OF ANY LAUNCH OR OTHER PERFORMANCE OF ANY LAUNCH SERVICE HEREUNDER. 

 

	14.2	Waiver of Liability. 

  

	 	14.2.1	Contractor and Customer hereby agree to a reciprocal waiver of liability pursuant to which each Party agrees not to bring a claim or sue the other Party, the United
States Government and its contractors and subcontractors at every tier or Related Third Parties of the other Party for any property loss or damage it sustains including, but not limited to, in the case of Customer, loss of or damage to the
Satellites, or any other property loss or damage, personal injury or bodily injury, including death, sustained by any of its directors, officers, agents and employees or Related Third Parties, arising in any manner in connection with the performance
of or activities carried out pursuant to this Contract, or other activities in or around the Launch Site or Satellite processing area, or the operation or performance of the Launch Vehicle or the Satellites. Such waiver of liability applies to all
damages of any sort or nature, including but not limited to any direct, indirect, special, incidental or consequential damages or other loss of revenue or business injury or loss such as costs of effecting cover, lost profits, lost revenues, or
costs of recovering the Satellites, from damages to the Satellites before, during or after Launch or from the failure of the Satellites to reach their planned orbit or operate properly. 

 

	 	14.2.2	Claims of liability are waived and released regardless of whether loss, damage or injury arises from the acts or omissions, negligent or otherwise, of either Party or
its Related Third Parties. This waiver of liability shall extend to all theories of recovery, including in contract for property loss or damage, tort, product liability and strict liability. In no event shall this waiver of liability prevent or
encumber enforcement of the Parties’ contractual rights and obligations to each other as specifically provided in this Contract. 

  

	 	14.2.3	Contractor and Customer shall each extend the waiver and release of claims of liability as provided in Sections 14.2.1 and 14.2.2 to its Related Third Parties (other
than employees, directors and officers) by requiring them to waive and release all claims of liability they may have against the other Party, its Related Third Parties, and the United States Government and its contractors and subcontractors at every
tier and to agree to be responsible for any property loss or damage, personal injury or bodily injury, including death, sustained by them arising in any manner in connection with the performance of or activities carried out pursuant to this
Contract, or other related activities in or around the Launch Site or Satellite processing area, or the operation or performance of the Launch Vehicle or the Satellites. 

  
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FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 27 

  

	 	14.2.4	The waiver and release by each Party and its Related Third Parties of claims of liability against the other Party and the Related Third Parties of the other Party
extends to the successors and assigns, whether by subrogation or otherwise, of the Party and its Related Third Parties. Each Party shall obtain a waiver of subrogation and release of any right of recovery against the other Party and its Related
Third Parties from any insurer providing coverage for the risks of loss for which the Party hereby waives claims of liability against the other Party and its Related Third Parties. 

 

	 	14.2.5	In the event of any inconsistency between the provisions of this Section 14.2 and any other provisions of this Contract, the provisions of this Section 14.2
shall take precedence. 

 14.3 Indemnification - Property Loss and Damage and Bodily Injury. Contractor and Customer each
agree to defend, hold harmless and indemnify the other Party and its Related Third Parties, for any liabilities, costs and expenses (including attorneys’ fees, costs and expenses), arising as a result of claims brought by Related Third Parties
of the indemnifying Party, for property loss or damage, personal injury or bodily injury, including death, sustained by such Related Third Parties, arising in any manner in connection with the activities carried out pursuant to this Contract, other
activities in and around the Launch Site or the Satellite processing area, or the operation or performance of the Launch Vehicle or the Satellites. Such indemnification applies to any claim for direct, indirect, special, incidental or consequential
damages or other loss of revenue or business injury or loss, including but not limited to costs of effecting cover, lost profits or lost revenues, resulting from any loss of or damage to the Satellites before, during, or after Launch or from the
failure of the Satellites to reach their planned orbit or operate properly. 
  

	 	14.3.1	To the extent that claims of liability by Third Parties are not covered by the third party liability insurance referred to in Section 15.1 or an insurance policy
of either Contractor or Customer or are not eligible for payment by the United States Government (as provided in Section 14.4), Contractor will defend, hold harmless and indemnify Customer and its Related Third Parties from any and all
claims of Third Parties, for property loss or damage, personal injury or bodily injury, including death arising in any manner from the processing, operation, testing or performance of the Launch Vehicle. 

 

	 	14.3.2	To the extent that claims of liability by Third Parties are not covered by the third party liability insurance referred to in Section 15.1 or an insurance policy
of either Contractor or Customer or are not eligible for payment by the United States Government (as provided in Section 14.4), Customer will defend, hold harmless and indemnify Contractor and its Related Third Parties for any and all claims of
Third Parties, for property loss or damage, personal injury or bodily injury, including death, arising in any manner from the processing, testing, operation or performance of the Satellites, or loss resulting from any loss of or damage to the
Satellites before or after Launch or from the failure of the Satellites to reach their planned orbit or operate properly. 

  

	 	14.3.3	Notwithstanding Sections 14.3.2 and 14.3.3 above, Contractor shall not be obligated to defend, hold harmless or indemnify Customer for any claim brought by a Third
Party against Customer resulting from any damage to or loss of the Satellites, whether sustained before or after Launch and whether due to the operation, performance, non-performance or failure of the Launch Vehicle or due to any other causes.
Customer shall defend, hold harmless and indemnify Contractor for any claims brought by Third Parties against Contractor for damage to or loss of the Satellites, whether sustained before or after Launch or whether due to the operation, performance,
non-performance or failure of the Launch Vehicle or due to other causes. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 28 

  

	 	14.3.4	The indemnification for property loss or damage, personal injury or bodily injury provided by this Section 14.3 shall be available regardless of whether such loss,
damage or injury arises from the acts or omissions of the Party entitled to indemnification, or its Related Third Parties, as the case may be, unless if due to willful misconduct. 

 

	 	14.3.5	The right of either Party or Related Third Parties to indemnification under this Article is not subject to subrogation or assignment and either Party’s obligation
set forth herein to indemnify the other Party or Related Third Parties extends only to that Party or those Related Third Parties and not to others who may claim through them by subrogation, assignment or otherwise. 

 

	14.4	Indemnification by United States Government. 

  

	 	14.4.1	The Parties recognize that under the US Commercial Space Launch Act (the “CSLA”) and subject thereto, the Secretary of Transportation shall, to the extent
provided in advance in appropriations acts or to the extent there is enacted additional legislative authority to provide for the payment of claims, provide for the payment by the United States Government of successful claims (including reasonable
expenses of litigation or settlement) of a Third Party against Contractor or its subcontractors, or Customer or its contractors or subcontractors, resulting from activities carried out pursuant to a license issued or transferred under the CSLA for
death, bodily injury, or loss of or damage to property resulting from activities carried out under the license, but only to the extent that the aggregate of such successful claims arising out of the Launch: 

 

	 	(A)	is in excess of the amount of insurance or demonstration of financial responsibility required of Contractor under its license issued pursuant to the CSLA; and

  

	 	(B)	is not in excess of the level that is $1,500,000,000 (plus any additional sums necessary to reflect inflation occurring after January 1, 1989) above the required
amount of insurance or demonstration of financial responsibility required by the CSLA. 

  

	 	14.4.2	Contractor makes no representation or warranty that any payment of claims by the United States Government will be available pursuant to the CSLA. Contractor’s
obligation is to make commercially Reasonable Efforts to obtain such payment as may be available from the United States Government. 

  

	14.5	Indemnification - Intellectual Property Infringement. 

  

	 	14.5.1	Contractor Indemnification Contractor shall indemnify, defend and hold harmless Customer, its Related Third Parties, subsidiaries and Affiliates, its subcontractors (if
any), their respective officers, employees, agents, servants and assignees, from and against all losses, damages, liabilities, settlements, penalties, fines, costs and expenses (including reasonable attorneys’ fees and expenses) arising out of
or resulting from any claim, suit or other action or threat by a Third Party arising out of an allegation that: (i) Contractor’s performance under this Contract; (ii) the design, manufacture or operation of the Launch Vehicle,
Dispenser or Contractor’s provision of Launch Services; or (iii) Customer’s Exploitation of the Contractor IP, infringes any Third Party’s Intellectual Property Rights (“Intellectual Property Claim”).

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 29 

  

	 	14.5.2	Contractor Resolution or Mitigation If Contractor’s performance under this Contract, the design, manufacture or operation of the Launch Vehicle, Dispenser or
Contractor’s provision of Launch Services, or any part thereof is enjoined or otherwise prohibited as a result of an Intellectual Property Claim, Contractor shall, at its option and expense, (i) resolve the matter so that the injunction or
prohibition no longer pertains, (ii) procure for Customer the right to use the infringing item, and/or (iii) modify the infringing item so that it becomes non-infringing while remaining in compliance with the requirements of this Contract.
Customer shall, at Contractor’s expense, reasonably cooperate with Contractor to mitigate or remove any infringement. If Contractor is unable to accomplish (i), (ii) or (iii) as stated above, Customer shall have the right to terminate
any or all of the unperformed Launch Services under this Contract and receive a refund of all payments associated thereto. 

  

	 	14.5.3	Combinations and Modifications. Contractor shall have no liability under Section 14.5.1 or Section 14.5.2 for any Intellectual Property Claim to the extent
arising from (i) use of any technology, service or other deliverable furnished by Contractor to Customer under this Contract in combination with other items not provided, recommended, or approved (in writing) by Contractor,
(ii) modifications of any technology, service or other deliverable after delivery by a person or entity other than Contractor unless authorized by written directive or instructions furnished by Contractor to Customer under this Contract or
(iii) the compliance of any technology, service or other deliverable with specific designs, specifications or instructions of Customer. 

  

	 	14.5.4	Customer Indemnification Customer shall defend, hold harmless and indemnify Contractor and its Related Third Parties, subsidiaries and Affiliates, its subcontractors
(if any), their respective officers, employees, agents, servants and assignees from and against all losses, damages, liabilities, settlements, penalties, fines, costs and expenses (including reasonable attorneys’ fees and expenses) arising out
of or resulting from any and all Intellectual Property Claims resulting from the infringement, or claims of infringement, of the Intellectual Property Rights of a Third Party, that may arise from the design, manufacture, or operation of the
Satellites, ground support equipment, software and related hardware and equipment or an Intellectual Property Claim alleging that the Contractor aided or enabled infringement in the design, manufacture, or operation of the Satellites by the
furnishing of Launch Services. 

 14.6 Rights and Obligations. The rights and obligations specified in Sections 14.3 and
14.5 shall be subject to the following conditions: 
  

	 	14.6.1	The Party seeking indemnification shall promptly advise the other Party in writing of the filing of any suit, or of any written or oral claim alleging an infringement
of any Related Third Party’s or any Third Party’s rights, upon receipt thereof, and shall provide the Party required to indemnify, at such Party’s request and expense, with copies of all relevant documentation.

  

	 	14.6.2	The Party seeking indemnification shall not make any admission nor shall it reach a compromise or settlement without the prior written approval of the other Party,
which approval shall not be unreasonably withheld, conditioned or delayed. 

  

	 	14.6.3	 The Party required to indemnify, defend and hold the other harmless shall assist in and shall have the right to assume, when not contrary to the
governing rules of procedure, the defense of any claim or suit or settlement thereof, and shall pay all reasonable litigation 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 30 

	 	 
and administrative costs and expenses, including attorneys’ fees, incurred in connection with the defense of any such suit, shall satisfy any judgments rendered by a court of competent
jurisdiction in such suits, and shall make all settlement payments. 

  

	 	14.6.4	The Party seeking indemnification may participate in any defense at its own expense, using counsel reasonably acceptable to the Party required to indemnify, provided
that there is no conflict of interest and that such participation does not otherwise adversely affect the conduct of the proceedings. 

 14.7 Inconsistency with Government Agreement. In the event of any inconsistency between any provision of this Article 14 and Article 15, this Article 14 shall take precedence as
between the Parties. 
 14.8 Authority to Destroy Launch Vehicle. The range safety officer or equivalent is hereby authorized to destroy,
without liability or indemnity to Customer or Customer’s Related Third Parties, the Launch Vehicle and the Satellites in the event that such action is determined in such range safety officer’s or equivalent’s sole discretion to be
necessary to avoid damage to persons or property. Any operation of the Launch Vehicle automatic destruct system that causes the destruction of the Launch Vehicle or Satellites shall also be without liability to Customer or Customer’s Related
Third Parties. 
 14.9 Limitation of Liability. EXCEPT IN INSTANCES OF WILLFUL MISCONDUCT, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO
THE OTHER PARTY UNDER OR IN CONNECTION WITH THIS CONTRACT UNDER ANY LEGAL OR EQUITABLE THEORY FOR DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL OR PUNITIVE DAMAGES, OR INDEMNITIES OF ANY KIND, FOR THE COST OF PROCUREMENT OF
SUBSTITUTE SERVICES OR FOR LOST REVENUE OR PROFIT ARISING OUT OF OR IN CONNECTION WITH THIS CONTRACT HOWSOEVER CAUSED, WHETHER BASED IN CONTRACT, TORT OR OTHERWISE, INCLUDING NEGLIGENCE, PRODUCT LIABILITY OR STRICT LIABILITY. EXCEPT FOR
CONTRACTOR’S INDEMNIFICATION OBLIGATIONS PROVIDED FOR IN SECTION 14.5, CONTRACTOR’S TOTAL AND CUMULATIVE LIABILITY ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT SHALL NOT EXCEED THE SUM OF: 

 

	 	(i)	IF [***...***] HAS NOT BEEN PERFORMED BY CONTRACTOR, THE [***...***] MADE BY CUSTOMER FOR THE [***...***] IDENTIFIED IN [***...***] MADE BY CUSTOMER FOR
[***...***]; OR 

  

	 	(ii)	IF [***...***] HAS BEEN PERFORMED BY CONTRACTOR, THE [***...***] MADE BY CUSTOMER FOR [***...***] BY CONTRACTOR [***...***]. 

14.10 The Parties acknowledge that the amounts payable hereunder are based in part on the limitations set forth in this Article 14 and that such
limitations are a bargained-for and essential part of this Contract. EXCEPT AS EXPRESSLY PROVIDED IN THIS CONTRACT, THIS LIMITATION OF LIABILITY DOES NOT APPLY TO CLAIMS BASED ON FRAUD, WILLFUL MISREPRESENTATION OR WILLFUL MISCONDUCT. CONSISTENT
WITH THIS LIMITATION OF LIABILITY, EACH PARTY SHALL USE REASONABLE EFFORTS TO ENSURE THAT ITS INSURER(S) WAIVE ALL RIGHTS OF SUBROGATION AGAINST THE OTHER PARTY. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 31 

 Article 15 
 INSURANCE 
 15.1 Third Party Liability Insurance. Contractor shall procure and
maintain in effect insurance for third party liability to provide for the payment of claims resulting from property loss or damage or bodily injury, including death, sustained by Third Parties caused by an occurrence resulting from Insured Launch
Activities. The insurance shall have limits in amounts required by the Office of the Associate Administrator for Commercial Space Transportation by license issued to Contractor pursuant to the CSLA and shall be subject to standard industry
exclusions and/or limitations, including, but not limited to, exclusions and/or limitations with regard to terrorism. Coverage for damage, loss or injury sustained by Third Parties arising in any manner in connection with Insured Launch Activities
shall attach upon arrival of the Satellites at the Launch Site or the Satellite processing facility (wherever located), whichever occurs first, and will terminate upon the earlier to occur of the return of all parts of the Launch Vehicle to earth or
twelve (12) months following the date of Launch, unless the Satellites are removed from the Satellite processing facility other than for the purpose of transportation to the Launch Site or are removed from the Launch Site other than by Launch,
in which case, coverage shall extend only until such removal. Such insurance shall not cover loss of or damage to the Satellites even if such claim is brought by any Third Party or Related Third Parties. Such insurance also shall not pay claims made
by the United States Government for loss of or damage to United States Government property in the care, custody and control of Customer or Contractor. The cost of such insurance is included within the Launch Price. 

15.2 Insurance Required by Launch License. Contractor shall provide such insurance as is required by the launch license issued by the United
States Department of Transportation for loss of or damage to United States Government property. The cost of insurance as required by the launch license is included in the Launch Price. 
 15.3 Miscellaneous Requirements. The third party liability insurance shall name as named insured Contractor and as additional insured Customer and the respective Related Third Parties of the
Parties identified by each Party, the United States Government and any of its agencies and such other persons as Contractor may determine. Such insurance shall provide that the insurers shall waive all rights of subrogation that may arise by
contract or at law against the named insured and any additional insured. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 32 

 15.4 Launch and In-Orbit Insurance. Contractor shall provide customary support to assist Customer in
obtaining Launch and In-Orbit Insurance, to the extent obtained by Customer, including: (i) supporting Customer with all necessary presentations (oral, written or otherwise), including attendance and participation in such presentations where
requested by Customer; (ii) providing on a timely basis all reasonable and appropriate technical information, data and documentation; and (iii) providing documentation and answers to insurer and underwriter inquiries. In addition,
Contractor shall provide any other certifications, confirmations or other information with respect to the Launch Vehicle as reasonably required by Customer’s Launch and In-Orbit Insurance insurers and underwriters and shall take any other
action reasonably requested by Customer or any such insurers or underwriters that is necessary or advisable in order for Customer to obtain and maintain Launch and In-Orbit Insurance on reasonable and customary terms. For the avoidance of doubt,
Contractor shall not bind any first party launch and in-orbit risk insurance for any of the Launch Services to be provided for under this Contract without the prior written approval of the Customer, which shall not be unreasonably withheld.
Excluding third-party launch liability insurance (which shall be purchased and maintained by Contractor), insurance coverage for the Satellites, Customer property, equipment, and personnel (and the property, equipment, or personnel of
Customer’s Related Third Parties) and any other insurance contemplated herein, if purchased by Customer, shall include an express waiver of subrogation as to Contractor and its Related Third Parties. 

15.5 Cooperation with Regard to Insurance. Each Party agrees to cooperate with the other Party in obtaining relevant reports and other information
in connection with the presentation by either Party of any claim under the insurance required by this Article 15. 
 15.6 Assistance
with Claims for Insurance Recovery. Contractor shall cooperate with and provide reasonable support to Customer in making and perfecting claims for insurance recovery and as to any legal proceeding associated with any claim for insurance
recovery. Such support shall include: (i) providing on-site inspections as required by Customer’s insurers and underwriters; (ii) participating in review sessions with a competent representative selected by the insurers and
underwriters to discuss any continuing issue relating to such occurrence, including information conveyed to either Party; (iii) using commercially Reasonable Efforts to secure access for the insurers and underwriters to all information used in
or resulting from any investigation or review of the cause or effects of such occurrence; (iv) making available for inspection and copying all information reasonably available to Contractor that is necessary to establish the basis of a claim;
and (v) supporting Customer in establishing the basis of any Total Loss, Constructive Total Loss or Partial Loss. The cooperation and support provided for in this Section 15.6 is included in the Launch Price. Customer’s rights and
Contractor’s obligations set forth in this Article 15 are subject to applicable regulatory and confidentiality requirements. 
 15.7
Evidence of Insurance. For any of the insurance policies or waivers of subrogation required under this Contract, each Party shall provide the other Party with a certificate evidencing such insurance or waiver within [***...***] Days
of a written request by the other Party and require its insurer(s) to provide the other Party written notice no later than [***...***] Days before cancellation or a material change in policy coverage or waiver. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 33 

 Article 16 
 REFLIGHT 
 16.1 [***...***]. Customer shall [***...***], by written notice to
Contractor, [***...***] (i) [***...***] with respect to [***...***]; or (ii) [***...***]: 
  

	 	16.1.1	Customer shall provide written notice to Contractor [***...***] no later than [***...***] months [***...***] to be provided for under this Contract.

  

	 	16.1.2	The cost of [***...***] is [***...***] US dollars ($[***...***]). 

 

	 	16.1.3	Upon receipt of Customer’s notice [***...***], Contractor shall [***...***] to Customer [***...***] and Customer shall [***...***] on or
before [***...***] Days after receipt of such [***...***]. 

  

	 	16.1.4	If [***...***] and: (i) [***...***] with respect to [***...***]; or (ii) [***...***], Contractor shall [***...***], if Customer [***...***]
provided for in this Section 16.1 [***...***]), then Contractor shall [***...***] as specified by Customer. 

  

	 	16.1.5	Contractor shall, [***...***] associated with [***...***] within [***...***] months of [***...***] by Customer, [***...***] as may be determined by
[***...***]. If [***...***] under this Section 16.1 [***...***] by Customer, such [***...***] within [***...***] months [***...***] by Customer, [***...***] as may be determined by Customer. 

 

	 	16.1.6	[***...***] by Contractor for [***...***] shall be [***...***] with the requirements and specifications of the [***...***], provided however, [***...***]
with the requirements of the [***...***] if the Contractor [***...***], in which case: (i) Contractor shall [***...***] in accordance with Article [***...***]; and (ii) [***...***] shall be [***...***] in accordance with
Section [***...***]. [***...***] by Customer under this Section 16.1.6 shall be [***...***] in accordance with [***...***] and, if applicable, Article [***...***]. 

 

	 	16.1.7	[***...***] Days [***...***] and extend for [***...***] until the earlier of: (i) [***...***]; or (ii) [***...***]. 

 

	 	16.1.8	[***...***] provided for in this Section 16.1 shall not include [***...***]. 

 

	 	16.1.9	If Customer [***...***], and following Contractor’s [***...***], the conditions specified in Section [***...***] have not occurred, then Contractor shall
[***...***] to Customer. 

  

	 	16.1.10	If Contractor is [***...***] provided for in Section [***...***], and as a result, Contractor is [***...***] fewer than [***...***], the reference to
[***...***] in Section [***...***] will be [***...***] that Contractor can [***...***]. 

 16.2 [***...***].
Customer shall [***...***], by written notice to Contractor, [***...***]. [***...***]: 
  

	 	16.2.1	Customer shall provide written notice to Contractor [***...***] no later than [***...***] months prior to [***...***]; or (ii) [***...***] if
Customer [***...***] for the applicable [***...***] prior to [***...***] such that Customer [***...***] within [***...***] months [***...***]. 

 

	 	16.2.2	The price [***...***] percent ([***...***]%) [***...***]. 

  

	 	16.2.3	Upon receipt of Customer’s notice of [***...***], Contractor shall [***...***] to Customer [***...***] and Customer shall [***...***] on or
before [***...***] ([***...***]) Days after receipt of such invoice. 

  

	 	16.2.4	If [***...***] is [***...***], then Contractor shall [***...***] as instructed by Customer. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 34 

  

	 	16.2.5	Contractor shall, [***...***] within [***...***] ([***...***]) months of [***...***] by Customer, [***...***]. If [***...***] by Contractor under
this Contract [***...***], then [***...***] must be [***...***] within [***...***] ([***...***]) months [***...***] by Customer, [***...***] as may be determined by Customer. 

 

	 	16.2.6	[***...***] by Customer for [***...***] shall be [***...***] with the requirements and specifications of [***...***], provided however, [***...***] with
the requirements of [***...***] if the Contractor [***...***], in which case: (i) Contractor shall [***...***] in accordance with Article [***...***]; and (ii) [***...***] in accordance with Section [***...***].
[***...***] by Customer under this Section 16.2.6 shall be [***...***] in accordance with [***...***] and, if applicable, Article [***...***]. 

 

	 	16.2.7	[***...***] of the relevant [***...***] Days thereafter. 

  

	 	16.2.8	[***...***] provided for in this Section 16.2 shall not include [***...***]. 

 

	 	16.2.9	In the event [***...***] by Customer and the conditions of Section [***...***], then Contractor shall [***...***]. 

 

	 	16.2.10	If Contractor [***...***] provided for in Section [***...***], and as a result, Contractor [***...***] fewer than [***...***], the reference to
[***...***] in Section [***...***] will be [***...***] that Contractor can [***...***]. 

 Article 17

 TERMINATION 

17.1 Termination by Customer for Convenience. Prior to each Launch Service, and provided that Customer is not at the time in default of
Section 4.4, Customer may terminate this Contract, or any Launch Service(s) under this Contract, for any reason. In the event that Customer exercises its right of termination pursuant to this Section 17.1, Contractor will be entitled to
retain the amount specified in Table 17-1 below as of the date of such termination(s) of an applicable Launch Service. If Customer chooses to terminate the entire Contract pursuant to this Section 17.1, the amount set forth in Table 17-1 that
Contractor is entitled to retain shall be equal to the cumulative amount associated with the termination of each Launch Service and the Non-Recurring Price under this Contract. Within [***...***] Days of the date of the termination,
Contractor will refund the balance, if any, of payments received by Contractor for the terminated Launch Service(s) which are in excess of the applicable amount reflected in the table below. In the event that payments received by Contractor as of
the date of Customer termination hereunder are less than the amount reflected in Table 17-1 below, Customer shall, within [***...***] Days, remit to Contractor any balance owed. 

The applicable amount set forth in Table 17-1 for a termination is the fee charged to excuse Customer’s performance. Customer and
Contractor agree that the applicable amount set forth below does not constitute a penalty or estimate of future damages, but is a reasonable fee for Contractor excusing Customer performance at various points in time (“Termination Fee”).

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 35 

  

					
	 TABLE 17-1

	 DATE OF TERMINATION

BY CUSTOMER
	  	
TERMINATION FEE AS A PERCENTAGE OF THE

APPLICABLE LAUNCH SERVICE(S) PRICE (RECURRING)
	  	 TERMINATION FEE AS

A PERCENTAGE OF
 THE APPLICABLE
 LAUNCH SERVICE(S)

PRICE (NON-

RECURRING)

	[***...***] to [***...***] months	  	 [***...***]% at [***...***] increasing to [***...***]% at [***...***] months

 
	  	[***...***] will result in a Fee Equal Termination at any time will result in a Fee Equal to [***...***] with respect to Non-Recurring Launch
Service 
[***...***].
	[***...***] months to [***...***] months	  	 [***...***]% at [***...***] months [***...***] increasing to [***...***]% at [***...***] months

 
	  
	[***...***] months to [***...***] months	  	 [***...***]% at [***...***] months [***...***] increasing to [***...***]% at [***...***] months

 
	  
	[***...***] months to [***...***]	  	[***...***]% at [***...***] months [***...***] increasing to [***...***]% at Launch Date	  

 Where “L” is the then currently
designated Launch Date for the relevant Launch Service 
 17.2 Termination by Customer for Contractor Default. Provided that Customer
is not at the time in default of Section 4.4, Customer may terminate any or all of the Launch Service(s) not yet performed under this Contract as a result of a Contractor default set forth in Table 17-2 below. If Customer terminates any
unperformed Launch Service(s), Contractor shall within [***...***] Days refund Customer all Milestone Payments associated with such unperformed Launch Services(s), plus interest at the Contractor Interest Rate. [***...***] identified in
[***...***]. If [***...***]: (i) have been [***...***] to Customer under Article [***...***]; or 
(ii) [***...***] to Customer, [***...***] to Customer. 

 

					
	 TABLE 17-2

	 CONTRACTOR DEFAULT
	  	 	  	 APPLICABLE CONTRACT

PROVISION(S)

	Material Breach (Generally): Failure to perform any material obligation under this Contract	  		  	1 – 24 (entire Contract and SOW)
			
	Excessive Launch Postponements: Postponement of a Launch Service, including any notice of postponement of a Launch Service, of more than [***...***] months in the
aggregate with respect to any Launch Service	  		  	 6 (Launch Schedule Adjustments)
  

11 (Launch Vehicle Qualification)

			
	Launch Vehicle Qualification Failure: Failure to achieve or maintain Launch Vehicle qualification requirements, including associated Customer remedies	  		  	11 (Launch Vehicle Qualification)
			
	Contractor Performance Risk: Up to [***...***] months prior to commencement of the Launch Campaign Period, Contractor fails to demonstrate sufficient funds,
liquidity or resources (including forecasted revenue) to perform under this Contract or fund
[***...***] Days of operations at the then-current cash expenditure rate as evidenced by Contractor’s financial statements disclosed pursuant to
Section 7.2	  		  	 7 (Representations & Warranties)
  

9 (Additional Contractor and Customer Obligations

Prior to Launch)

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 36 

 17.3 Termination by Contractor for Customer Payment Failure. In the event of Customer’s failure
to make a payment to Contractor when due, except as provided for under Section 4.5 and which has not been cured as provided for under Section 17.4 below, Contractor may terminate the affected Launch Service(s) not yet provided under this
Contract and retain all payments received hereunder with respect to such Launch Service(s) not to exceed [***...***]. Contractor shall reimburse to Customer any portion of the Launch Services Price for the affected Launch Service(s) Price in
excess of the foregoing termination liability within [***...***] Days of the effective date of termination of the applicable Launch Service(s). 
 17.4 Right to Cure. With the exception of Excessive Launch Postponements under Article 6 and the failure to achieve the non-recurring Launch Vehicle qualification requirements under
Section 11.1.1 any termination under this Article 17 must be preceded by a [***...***] Day written notification that specifies the default or breach and, if relevant, the right to terminate immediately in the event that the
specified default or breach is not or cannot reasonably be cured within [***...***] Days of such written notice to cure. 
 17.5
Nature of Termination Fees. Both Customer and Contractor agree that the amounts set forth in this Article 17 represent: (i) liquidated damages, and not a penalty, (ii) that actual damages are not adequately ascertainable and
that the sums noted represent a reasonable estimate of the damages that would be owed in the event of a material breach or termination for cause, (iii) account for the circumstances existing at the time of this Contract; and (iv) a knowing
and considered allocation of risks and fair compensation therefor which may arise in the event of a material breach or termination for cause. Each Party hereby expressly waives, to the extent permitted by applicable law, any defense as to the
reasonableness, amount or validity of any remedy provided for this in Contract, including pursuant to this Article 17, on the grounds that such liquidated damages are void as penalties. 

Article 18 

DISPUTE RESOLUTION 
 Any dispute, claim, or controversy between the Parties arising out of or relating to this Contract (“Dispute”), including any Dispute with respect to the interpretation, performance,
termination, or breach of this Contract or any provision thereof shall be resolved as provided in this Article 18. 
 18.1 Informal
Dispute Resolution. Prior to the initiation of formal dispute resolution procedures, the Parties shall first attempt to resolve their Dispute informally, in a timely and cost-effective manner, as follows: 

 

	 	18.1.1	 If, in connection with the performance of this Contract, a Party believes it has a Dispute with the other Party, the disputing Party shall give written
notice thereof, which notice will 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 37 

	 	 
describe the Dispute and may recommend corrective action to be taken by the other Party. Contractor’s Launch Program Manager shall promptly consult with Customer’s Launch Program
Manager in an effort to reach an agreement to resolve the Dispute. 

  

	 	18.1.2	In the event that the Contractor’s and Customer’s Launch Program Managers cannot resolve the Dispute within fifteen (15) Business Days of receipt of
written notice, either Party may request that the Dispute be escalated, and the respective positions of the Parties shall be forwarded to the appropriate Executive Vice President (EVP) or equivalent of each Party for resolution of the Dispute.

  

	 	18.1.3	In the event that the Contractor’s EVP and Customer’s EVP cannot resolve the Dispute within fifteen (15) Business Days of receipt of written notice,
either Party may request that the Dispute be escalated, and the respective positions of the Parties shall be forwarded to the Chief Executive Officer (CEO) or equivalent of each Party for resolution of the Dispute. 

 

	 	18.1.4	In the event a resolution cannot be reached as provided in Sections 18.1.1, 18.1.2 or 18.1.3 above within a total of 
[***...***] Business Days after receipt
of the written notice described in Section 18.1.1 above, either Party may proceed in accordance with Section 18.2. 

18.2 Litigation. If any Dispute arising between the Parties cannot be settled pursuant to Section 18.1 (or, if a Party makes a good faith
determination that (i) a breach by the other Party is such that a temporary restraining order or other preliminary injunctive relief to enforce its rights or the other Party’s obligations under the provisions of this Contract is necessary
or (ii) litigation is appropriate to avoid the expiration of an applicable limitations period or to preserve a superior position with respect to creditors), either Party shall have the right to bring suit. 

18.3 Jurisdiction and Venue. Any suit brought shall be brought in the U.S. District Court for the Eastern District of Virginia, and the
Parties hereby waive any objection to that venue and that court’s exercise of personal jurisdiction over the case. Each Party hereby expressly waives any and all service of process set forth in Fed. R. Civ. P. Rule 4, and instead, each
Party expressly consents to service of notice of the initiation of any action by certified mail, return receipt requested, directed to that Party as set forth in Section 8.3. The Parties hereby irrevocably consent to the exercise of personal
jurisdiction by U.S. District Court for the Eastern District of Virginia concerning any Dispute between the Parties. Each Party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of
any Dispute. 
 18.4 Enforcement. Nothing in this Contract precludes a Party that prevails on any claim from initiating litigation in any
appropriate forum to enter or enforce a judgment based on the court’s award on that claim. 
 18.5 Continuing Performance. Pending
final resolution of any Dispute (solely during the informal dispute resolution process described in Section 18.1), Contractor shall, unless otherwise directed by Customer in writing, perform all its obligations under this Contract, provided
that Customer continues to make undisputed payments as they come due. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
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 Article 19 
 CONFIDENTIALITY 
 19.1 Contract Provisions. Neither Party nor any of its Affiliates,
subcontractors, employees, agents or consultants, shall release items of publicity of any kind, including without limitation news releases, articles, brochures, advertisements, prepared speeches, company reports or other information concerning this
Contract or Proprietary Information of the other Party hereto, including the confirmation or denial of its negotiation, issuance, award or performance, without the prior express written consent of such other Party hereto. 

The obligations set forth in Section 19.1 shall not apply to (i) information that is publicly available from any governmental
agency or that is or otherwise becomes publicly available without breach of this Contract; and (ii) subject to Section 19.5 disclosure required by applicable law or regulation, including without limitation, disclosure required by the
Securities and Exchange Commission or any securities exchange on which the securities of a Party or its Affiliate is then trading. 
 19.2
Definition of Proprietary Information. “Proprietary Information” means all confidential and proprietary information in whatever form transmitted, that is disclosed or made available directly or indirectly by such Party (hereinafter
referred to as the “Disclosing Party”) to the other Party hereto (hereinafter referred to as the “Receiving Party”) and: (i) is identified as proprietary by means of a written legend thereon, disclosed orally as proprietary
or is identified as proprietary at the time of initial disclosure and then summarized in a written document; or (ii) is information which the Receiving Party should understand from the nature of the information is confidential to the Disclosing
Party. Notes and memoranda and other information prepared by the Receiving Party (but not the Receiving Party’s attorneys) that include or are derived from the Disclosing Party’s Proprietary Information shall be considered the Disclosing
Party’s Proprietary Information for all purposes of this Article. Proprietary Information shall not include any information disclosed by a Party that (i) is already known to the Receiving Party at the time of its disclosure, as evidenced
by written records of the Receiving Party, without an obligation of confidentiality at the time of disclosure; (ii) is or becomes publicly known through no wrongful act of the Receiving Party; (iii) is independently developed by the
Receiving Party as evidenced by written records of the Receiving Party; or (iv) is rightfully obtained by the Receiving Party from any Third Party without restriction and without breach of any confidentiality obligation by such Third Party.

 19.3 Terms for Handling and Use of Proprietary Information. Subject to Section 19.2, for a period of [***...***] years
after receipt of any Proprietary Information, the Receiving Party shall not disclose Proprietary Information that it obtains from the Disclosing Party to any person or entity except its employees, Affiliates (who are not competitors of the
Disclosing Party), attorneys, agents, financing entities, potential and actual joint venture partners, insurance brokers or underwriters and consultants (who, in all cases, are not competitors of the Disclosing Party) who have a need to know, who
have been informed of and have agreed in writing (or are otherwise subject to confidentiality obligations consistent with the obligations set forth herein) to abide by the Receiving Party’s obligations under this Article 19, and who are
authorized pursuant to applicable U.S. export control laws and licenses or other approvals to receive such information. The Receiving Party shall use not less than the same degree of care to avoid disclosure of such Proprietary Information as
it uses for its own Proprietary Information of like importance; but in no event less than a reasonable degree of care. Proprietary Information shall be used only for the purpose of performing the obligations under this Contract, or as the Disclosing
Party otherwise authorizes in writing. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 39 

 19.4 Associate Contractor Disclosures. Any disclosure of Proprietary Information by Customer under
this Contract to any Associate Contractor shall be on terms no less restrictive than those set forth in this Article 19, provided that such agreement reference that Contractor is an intended third party beneficiary. 

19.5 Legally Required Disclosures. Notwithstanding the foregoing, in the event that the Receiving Party becomes legally compelled to disclose
Proprietary Information of the Disclosing Party (including disclosures necessary or in good faith determined to be reasonably necessary under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended), the Receiving
Party shall provide the Disclosing Party with written notice thereof at least four (4) Days in advance of any such disclosure (unless such period is in contravention of a direct governmental order or subpoena) so that the Disclosing Party may
seek a protective order or other appropriate remedy, or to allow the Disclosing Party to redact such portions of the Proprietary Information as the Disclosing Party deems appropriate. In any such event, the Receiving Party will disclose only such
information as is legally required, and will cooperate with the Disclosing Party (at the Disclosing Party’s expense) to obtain proprietary treatment for any Proprietary Information being disclosed. 

19.6 Return of Confidential Information. Upon the request of the Party having proprietary rights to Proprietary Information, the other Party in
possession of such Proprietary Information shall promptly return such Proprietary Information (and any copies, extracts, and summaries thereof) to the requesting Party, or, with the requesting Party’s written consent, shall promptly destroy
such materials (and any copies, extracts, and summaries thereof), except for one (1) copy which may be retained for legal archive purposes, and shall further provide the requesting Party with written confirmation of same; provided, however,
where both Parties have proprietary rights in the same Proprietary Information, a Party shall not be required to return such information to the other Party. Nothing in this Section 19.6 shall require a Party to return or destroy computer files
or records containing Proprietary Information if and to the extent such files or records were created in the ordinary course of business pursuant to such Party’s automatic archiving and back-up procedures for computerized or word-processed
records. The rights and obligations of the Parties under this Article shall survive any return or destruction of Proprietary Information. 

19.7 No License. Except as expressly provided in this Contract, nothing in this Contract shall be construed as granting the Receiving Party
whether by implication, estoppel, or otherwise, any license or any right to use any Proprietary Information received from the Disclosing Party, or use any patent, trademark, or copyright now or hereafter owned or controlled by the Disclosing Party.

 19.8 Injunctive Relief. The Parties agree that, in addition to any other rights and remedies that exist under this Contract, in the
event of a breach or threatened breach of this Article, the Disclosing Party shall be entitled to seek an injunction prohibiting any such breach. The Parties acknowledge that Proprietary Information is valuable and unique and that disclosure in
breach of this Article may result in irreparable injury to the Disclosing Party. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 40 

 Article 20 
 INTELLECTUAL PROPERTY 
 20.1 Customer IP Ownership. Customer or its licensors shall
retain all right, title and interest in and to the Customer IP. Customer shall be solely responsible for all activities relating to the Customer IP, including registration, prosecution, maintenance, enforcement and defense of the Customer IP,
including all costs associated therewith. 
 20.2 Contractor IP Ownership. Contractor or its licensors shall retain all right, title and
interest in and to the Contractor IP. Contractor shall be solely responsible for all activities relating to the Contractor IP, including registration, prosecution, maintenance, enforcement and defense of the Contractor IP, including all costs
associated therewith. 
 20.3 Contractor Rights to Exploit Customer IP. Customer hereby grants to Contractor a limited, fully paid-up,
royalty-free, non-exclusive world-wide and non-transferable (except as part of a sale of the business or by operation of law) license (with right to sublicense to subcontractors) to Exploit Customer IP for the sole purpose of performing its
obligations under this Contract. 
 20.4 Customer Rights to Exploit Contractor IP. To the extent the Dispenser and Separation System
contain any Contractor IP, Contractor grants to Customer a fully paid up, irrevocable license to Exploit such Contractor IP solely for the NEXT and successor systems. For the avoidance of doubt and without limiting the foregoing, such rights include
launching, using, reproducing, operating, maintaining and otherwise creating and implementing NEXT and successor systems thereof but not any Third Party systems. 
 Customer may sublicense the rights in Section 20.4 to Third Parties or Related Third Parties but only for the purposes authorized in Section 20.4. Any access by any Third Party or Related Third
Party to Contractor Intellectual Property relating to the Contactor Intellectual Property will be under terms, including confidentiality terms, no less protective of Contractor than the terms of this Agreement provided that Customer, on a Reasonable
Efforts basis, procure from the relevant Third Party or Related Third Party, agreement that Contractor is an intended third party beneficiary. 

20.5 Derivative Works. If either Party or its permitted sublicensees create any derivative works of the other Party’s Intellectual Property,
such Party shall assign or cause its sublicensee(s) to assign all right, title, and interest in and to such derivative works to the other Party. Notwithstanding the foregoing, each Party will retain licenses to such derivative works pursuant to
Sections 20.3 and 20.4. 
 20.6 Reservation of Rights. The licenses and rights granted in this Contract by each of the Parties hereto
shall not be construed to confer any other rights to any party by implication, estoppel or otherwise as to any Intellectual Property, and the Intellectual Property Rights therein, other than the licenses and rights granted in Sections 20.3 and
20.4. All rights not specifically granted herein are reserved by the applicable Party. 
 20.7 Software. To the extent that any
Contractor IP consists of Software and is delivered to Customer, then, in addition to any other format in which such Software is delivered, such Software shall also be delivered in source code format. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
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 20.8 Protection of Intellectual Property. Each Party shall protect all Intellectual Property of the
other Party to which it has a right to access such Intellectual Property pursuant to this Contract, or that is or may be otherwise disclosed by such other Party, from disclosure to Third Parties in the same manner in which such Party protects its
own Intellectual Property, in accordance with and subject to Article 19. 
 Article 21 

RIGHT OF OWNERSHIP AND CUSTODY 
 21.1 Contractor Property. Except for the licenses granted pursuant to Article 20, Customer understands and agrees that at no time does Customer obtain title to or any ownership of or any other
legal or equitable right or interest in or to any part of any Launch Vehicle, Separation System, ground support equipment or any Contractor IP contained therein, or in any other property of Contractor, whether real or personal, tangible or
intangible, including without limitation hardware used or furnished by Contractor in providing Launch Services under this Contract. Such property of Contractor shall be considered between the Parties to be the property of Contractor. 

21.2 Customer Property. Except for the licenses granted pursuant to Article 20, Contractor understands and agrees that at no time does Contractor
obtain title to or any ownership of or any other legal or equitable right or interest in or to the Satellites or any Customer IP contained therein or any ground station or any other element of NEXT or any part thereof including without limitation
hardware used or furnished in performing the obligations of Customer hereunder. Such property of Customer shall be considered between the Parties to be the property of Customer. 

Article 22 

FORCE MAJEURE 
 22.1
Neither Party shall be liable for any delay in the performance of its obligations under this Contract, or a delay or failure of performance of its first-tier contractor(s), if such delay or failure to perform is due to a Force Majeure event and
provided that the affected Party seeking to invoke this Article 22 notifies the other Party in writing within five (5) Business Days after the occurrence of a Force Majeure event (or the date the affected Party reasonably became or should have
become aware of the Force Majeure event), including a detailed description of the causes thereof and such Parties’ Reasonable Efforts to avoid the Force Majeure event or mitigate the impact thereof, such as establishment of work-around plans,
alternate sources, extended operations or other means, including use of alternate viable subcontractors. For the avoidance of doubt, failure by either Party timely to obtain any required governmental license, permit or authorization shall not be
deemed a Force Majeure event. 
 22.2 If a delay or failure in the performance of a Party’s obligations under this Contract is due to
either Party or their subcontractor performing work under a DO/DX rated contract other than that to be performed under this Contract, such delay will be evaluated pursuant to the terms of this Article 22. For the avoidance of doubt, any delay due to
a DO/DX rated order issued before or after EDC, where the specific impact is known or should have reasonably been known by the relevant Party and taken into account in connection with its performance obligations under this Contract, will not be
considered a Force Majeure event. 
 22.3 If a Force Majeure event impacts a Launch Slot for any Launch Service to be performed under this
Agreement, the affected Party seeking to invoke this Article 22 shall notify the other Party immediately, and as soon as possible thereafter, provide the information detailed in Section 22.1. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 42 

 22.4 Any unavailability of a Launch Site or Launch Range for reasons due to the actions or omissions of the
competent Launch Site or Launch Range authority and not primarily attributable to Contractor shall be deemed to be a Force Majeure event. For the avoidance of doubt, termination of a Launch Service by the competent Launch Site or Launch Range
authority (or by the Launch Vehicle’s flight termination system) due to the Launch Vehicle’s failure to meet the applicable Contractor and Launch Site or Launch Range safety requirements and parameters that results in the unavailability of
a Launch Site or Launch Range shall not be deemed to be a Force Majeure event. Furthermore, lack of compliance with the non-recurring Launch Vehicle qualification criteria provided for in Section 11.1.1(A)(ii) shall not be excused as a Force
Majeure event. If requested by the non-affected Party, the affected Party shall provide reasonable evidence or justification supporting a Force Majeure event claimed under this Section 22.4. 

22.5 With respect to any Force Majeure event lasting up to [***...***] months (as applied to independent Force Majeure events in the aggregate
or a specific Force Majeure event that temporarily ceases and subsequently re-occurs due to the original circumstances causing such Force Majeure event), the period of performance under this Contract with respect to the affected Launch Service(s)
shall be extended without penalty by the duration of the Force Majeure event and Customer’s obligation to make payments hereunder with respect to Launch Services due during the period of a Force Majeure event shall be extended for a period
equal to the duration of the Force Majeure event without penalty. 
 22.6 With respect to any Force Majeure event lasting more than
[***...***] months (as applied to independent Force Majeure events in the aggregate or a specific Force Majeure event that temporarily ceases and subsequently re-occurs due to the original circumstances causing such Force Majeure event),
Customer, upon written notice to Contractor, may terminate any affected Launch Service(s) not yet performed under this Contract. In the event of such termination, Contractor shall [***...***] associated with [***...***] by
Contractor [***...***]. Any [***...***] shall be [***...***] to Customer [***...***] Days of [***...***]. 
 Article 23 
 EFFECTIVE DATE OF CONTRACT 

23.1 The effective date of this Contract (“EDC”) shall be the date when all of the following conditions have been fulfilled by Customer, as
confirmed in writing promptly upon occurrence: 
  

	 	(A)	Signature of the Contract by both Parties, and payment by Customer of an advance payment equal to [***...***] United States dollars (US$[***...***]) of the
aggregate Launch Services Price for all Firm Launches, to occur upon the later of: (i) [***...***], or (ii) [***...***] Business Days following receipt of Contractor’s invoice (such invoice to be tendered after Contract
signature); and 

  

	 	(B)	Execution and award of the Full Scale System Development Contract for Iridium NEXT (“FSD”) by Customer; and 

 

	 	(C)	Closing of a financing facility or short-term financing facility for the funding of all or part of Customer’s payment obligations under the FSD and this Contract.

 Within [***...***] Days of EDC, Customer shall provide a written notice to Contractor that sets forth:
(i) designation of the applicable LIRD and Exhibits to this Contract; and (ii) [***...***] (subject to [***...***]). [***...***] if Customer’s [***...***], otherwise Contractor shall [***...***] associated with
[***...***]. 
 23.2 Customer’s advance payment referenced in Section 23.1(A) will be applied to amounts due under the Contract at
EDC in accordance with Exhibit C. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
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 23.3 If [***...***] does not occur within [***...***] months of [***...***] or such later date that
[***...***] Contractor to Customer within [***...***] Days and [***...***]. 
 Article 24 

MISCELLANEOUS 
 24.1
Amendment. Any amendment, modification or change to this Contract, including but not limited to launch requirements, changes in quantity or schedule adjustments, may only be made in writing by authorized representatives of Customer and
Contractor. 
 24.2 Governing Law. This Contract shall be interpreted, construed and governed, and the rights of the Parties shall be
determined, in all respects, according to the laws of the State of New York without reference to its conflicts of laws rules. The provisions of the United Nations Convention for the International Sale of Goods shall not be applicable to this
Contract. 
 24.3 Waiver of Breach. The failure of either Party, at any time, to require performance of the other Party of any provision
of this Contract shall not waive the requirement for such performance at any time thereafter. 
 24.4 Assignment General. This Contract
may not be assigned, either in whole or in part, by either Party without the express written approval of the other Party, not to be unreasonably withheld or delayed. 
  

	 	24.4.1	By Customer. Notwithstanding the foregoing, Customer may, subject to applicable regulatory and confidentiality limitations, assign or transfer this Contract or all its
rights, duties, or obligations hereunder with written notice to Contractor, but without requiring Contractor’s approval: (i) to an Affiliate of Customer that has equivalent or greater financial resources as Customer; (ii) to any
entity which, by way of merger, consolidation, or any similar transaction involving the acquisition of substantially all the stock, equity or the entire business assets of Customer succeeds to the interests of Customer; provided in either case the
assignee, transferee, or successor to Customer has expressly assumed all the obligations of Customer and all terms and conditions applicable to Customer under this Contract and has equivalent or greater financial resources as Customer; (iii) to
any designee or customer of Customer or any Affiliate thereof provided that Customer remains primarily liable to Contractor for any payment obligation hereunder; (iv) to any Affiliate of Customer not meeting the requirements of items
(i) or (iii), provided that Customer provides to Contractor an Affiliate guarantee addressing the payment obligations of the relevant Customer Affiliate in a form reasonably agreed by Contractor; or (v) to Customer’s lenders or
financing entities in connection with the granting of security as provided for in this Section 24.4. 

  

	 	24.4.2	By Contractor. Notwithstanding the foregoing, Contractor may: (a) assign or transfer this Contract or all of its rights, duties, or obligations hereunder, or
(b) be subject to a change in Control or ownership, in each case with written notice to Customer, but without requiring Customer’s approval to: (i) any Affiliate of Contractor that has equivalent or greater financial resources as
Contractor; or (ii) any person or entity which, by way of merger, consolidation, or any similar transaction involving the acquisition of substantially all the stock, equity or the entire business assets of Contractor succeeds to the interests
of Contractor and has expressly assumed all the obligations of Contractor and all terms and conditions applicable to Contractor under this Contract. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
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	 	24.4.3	Security Interests. Customer, upon prior written notice to Contractor, may grant security interests in its rights hereunder to lenders that provide financing for the
performance by Customer of its obligations under this Contract or for the subject matter hereof. In the event that either Party is sold to or merged into another entity, its responsibilities under this Contract shall not be altered and the successor
organization shall be liable for performance of such Party’s obligations under this Contract. If requested by Customer, Contractor shall provide its written consent to such assignment (including the execution by Contractor of a direct agreement
or consent and agreement in favor of the facility agent on behalf of Purchaser’s lenders and any financing parties, in a form reasonably satisfactory to such agent and Contractor, and customary for international structured financings) on terms
and conditions as may be requested by Customer’s lenders. 

 24.5 Lender Requirements. The Parties recognize that
certain of Customer’s Milestone Payment obligations under this Contract may be financed through external sources. Notwithstanding anything to the contrary in this Contract, and except for the restrictions and conditions set forth in Article 19,
Contractor shall provide to any of Customer’s lenders or financing entities any information that such lender or financing entity reasonably requires and shall reasonably cooperate with such lender or financing entity and Customer to implement
such financing. Contractor agrees to negotiate in good faith and issue such documents as may be reasonably required by any Customer lender or financing entity to implement such financing, including a contingent assignment of this Contract to such
lender or financing entity, under terms reasonably acceptable to Contractor, but in no event shall Contractor be obligated to agree to anything (including agreement to make modifications to this Contract, SOW or LIRD) that would impair, create a
risk to, or otherwise prejudice its rights and benefits hereunder, increase its liabilities or obligations hereunder or create a security interest in any Launch Vehicle or its components (excluding the Dispenser) in favor of Customers lenders or
financing entities. 
 24.6 Entire Agreement. This Contract constitutes the entire agreement and understanding between the Parties. No
other promises or representations, either verbal or written, with the exception of duly executed subsequent written modifications to the Contract shall have any force or effect in regard to the contractual obligations of the Parties herein.

 24.7 Severability. The invalidity, unenforceability or illegality of any provision hereto shall not affect the validity or
enforceability of the other provisions of this Contract, which provisions shall remain in full force and effect. 
 24.8 Survival.
Notwithstanding any other provision to the contrary, and in addition to any other provision in this Contract stated to survive the termination or expiration of this Contract, the provisions contained in [***...***] shall survive the termination
or expiration of this Contract. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
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 IN WITNESS WHEREOF, the Parties hereto have executed this Contract as of the Day and year first above
written: 
  

									
	 For Customer
	 		 	For Contractor
			
	IRIDIUM SATELLITE LLC	 		 	SPACE EXPLORATION TECHNOLOGIES CORP.
					
	Signature:	 	 /s/ [John Brunette]
	 		 	Signature:	 	 /s/ [Elon Musk]

	Name:	 	John Brunette	 		 	Name:	 	Elon Musk
	Title:	 	Chief Legal & Administrative Officer	 		 	Title:	 	Chairman and CEO

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 46 

 EXHIBIT A 
 STATEMENT OF WORK 
 [***...***] 

  
 CONFIDENTIAL
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CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 EXHIBIT B 
 LAUNCH SCHEDULE 
  

					
	 Firm Launch Mission
	  	 Start Date of

Launch Slot
	  	 Launch Date

	 [***...***]
	  	 [***...***]
	  	 [***...***]

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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CONFIDENTIALITY REQUEST. 
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FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 EXHIBIT C 
 MILESTONE PAYMENT SCHEDULE 
 [***...***] Milestones

 The [***...***] milestones and selection of either Table C.1 or C.2 shall be in accordance with Article 23. Milestone dates in Tables
C.1 and C.2 assume [***...***]. 
 Table C.1 [***...***] Program 

 

							
	 Milestone
	  	 Milestone

Due Date
	  	 Milestone

Payment %
	  	 Milestone

Payment

(US$)

	 [***...***]
	  	[***...***]	  	[***...***]%	  	$[***...***]
	 Total [***...***] Payments
	  		  	[***...***]%	  	$[***...***]

Table C.2 [***...***] Program 
  

							
	 Milestone
	  	 Milestone

Due Date
	  	 Milestone

Payment %
	  	 Milestone

Payment
(US$)

	 [***...***]
	  	[***...***]	  	[***...***]%	  	$[***...***]
	 Total [***...***] Payments
	  		  	[***...***]%	  	$[***...***]

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 EXHIBIT C 
 MILESTONE PAYMENT SCHEDULE (CONTINUED) 
 [***...***] Milestones

 Table C.3 identifies the [***...***] Milestone [***...***] for [***...***] Firm Launches for either of [***...***], depending
on [***...***]. 
 Table C.3 [***...***] 

 

													
	 No
	  	 [***...***] (Months)
	  	 Milestone
	  	 [***...***](%)
	  	 [***...***](US$)
	  	 [***...***](%)
	  	 [***...***]

	 [***...***]
	  	[***...***]	  	[***...***]	  	[***...***]%	  	$[***...***]	  	[***...***]%	  	[***...***]
		  		  	Launch Service Price	  	[***...***]%	  	$[***...***]	  	[***...***]%	  	[***...***]

 [***...***]

  
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 EXHIBIT D 
 OPTIONAL SERVICES 
  

											
	[***...***]
	 [***...***] Options
	  	 [***...***]

Exercise Date
 [***...***]
	  	 [***...***] Exercise

Date [***...***]
	  	 Non-

Recurring

Price
	  	 Price Per Launch

Service
	  	 Per Occurrence

Price

	 [***...***]
	  	 L-[***...***]; L-
 [***...***]
	  	 L-[***...***]; L-
 [***...***]
	  	$[***...***]	  	$[***...***]	  	$[***...***]
	 [***...***]
	  	L-[***...***]	  	L-[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]
	 [***...***]
	  	L-[***...***]	  	L-[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]
	 [***...***]
	  	L-[***...***]	  	L-[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]
	 [***...***]
	  	L-[***...***]	  	L-[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]
	
	Table D.2
						
	 [***...***] Specific Options [***...***]
	  	 [***...***]

Exercise Date

[***...***]
	  	 [***...***] Exercise

Date [***...***]
	  	 Non-

Recurring

Price
	  	 Price Per Launch

Service
	  	 Per Occurrence

Price

	 [***...***]
	  	L-[***...***]	  	L-[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]
	 [***...***]
	  	L-[***...***]	  	L-[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]

 General Conditions
Applicable to the Optional Services described above: 
  

	 	1.	Each Optional Service shall be elected by Customer by [***...***], in accordance with Article [***...***], on or prior to the applicable [***...***].

  

	 	2.	The [***...***]: (a) shall be [***...***] on a [***...***] basis in the event a [***...***] in accordance with Article [***...***]; and (b) may
be [***...***] by Customer and Contractor. 

  

	 	3.	The [***...***] as referred to in [***...***] (if applicable) of each Optional Service elected by Customer shall be [***...***] by Contractor as follows:
(a) [***...***] on the date following [***...***] when Customer [***...***] to Contractor; and (b) [***...***] upon [***...***]. Any such [***...***] by Contractor [***...***] by Customer shall be [***...***] by
Customer within [***...***] Days. 

  
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CONFIDENTIALITY REQUEST. 
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FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

  

	 	4.	The [***...***] as referred to in [***...***] (if applicable) of each Optional Service elected by Customer shall be [***...***] by Contractor as follows:
(a) [***...***] on the date following [***...***] when Customer [***...***] to Contractor; (b) [***...***] upon [***...***] and (c) [***...***] upon [***...***]. Any such [***...***] by Contractor
[***...***] by Customer shall be [***...***] by Customer within [***...***] Days. 

  

	 	5.	For the sake of clarity, Customer may [***...***] on a [***...***] basis, subject to the terms and conditions of this Agreement. 

 

	 	6.	Performance of [***...***] shall be subject to the requirements set forth in Section [***...***]. 

 

	 	7.	Prices for each Optional Service [***...***] in the event such Optional Service(s) are [***...***]. In each case, the price of the Optional Service(s) shall be
[***...***]. If [***...***], such [***...***] shall be [***...***]. Otherwise, [***...***], shall be [***...***]: 

 [***...***] Price = $[***...***] = $[***...***] 
 [***...***] =
$[***...***] = $[***...***] 
 Therefore, [***...***], is $[***...***]. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 EXHIBIT E 
 ADDITIONAL LAUNCH PRICE 
  

	 	A.	Additional Launch Option [***...***] 

 If Customer exercises an Additional Launch [***...***]. If the resulting amount [***...***], such [***...***] shall be [***...***], the amount set forth in [***...***] shall be
[***...***]. 
  

	 	B.	Additional Launch Option Exercised [***...***] 

 For a Launch Date [***...***], the price of the Additional Launch shall be calculated using the following formula: 
 [***...***] 
 If the resulting amount is [***...***], otherwise, the amount
set forth in [***...***] shall be [***...***]. 
  

	 	C.	Additional Launch Milestone Payments 

 Milestone Payments for such Additional Launch shall be calculated based upon [***...***]. For any Additional Launch exercised by Customer [***...***] prior to [***...***] is exercised pursuant to
Section 2.1.2, will be [***...***]. 
  

	 	D.	Application of Additional Launch Reservation Fee 

 The [***...***] US Dollars (US$[***...***]) Additional Launch reservation fee, to the extent paid by Customer pursuant to Section 2.1.2, shall be added to the Additional Launch price as
determined in Section A or B above, to determine the final Launch Service price for the applicable Additional Launch. 
 Table
E.1. [***...***] 
  

													
	  	  	 [***...***] Additional Launch Price,
[***...***]

	[***...***]	  	[***...***]	  	[***...***]	  	[***...***]	  	[***...***]	  	[***...***]	  	[***...***]
	[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]
	[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]	  	$[***...***]

 Table E.2.
Payment Profile 
  

							
	 No
	  	 Milestone

[***...***] Dates
	  	 Milestone
	  	 Milestone Payment

(%)

	[***...***]	  	[***...***]	  	[***...***]	  	[***...***]%
		  		  	Additional Launch price Sub Total	  	[***...***]%
		  		  	Reservation Fee	  	$[***...***]
		  		  	Final Launch Service Price	  	 Sub Total plus
 $[***...***]

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

  

	 	E.	Illustrative Example Cases 

For illustrative purposes only the following examples are provided: [***...***]. 

Example 1: [***...***]. 
 [***...***] 
 [***...***] Price = $[***...***] 

[***...***]. The payment profile in this example would be the following: 

 

									
	 No
	  	 Milestone

Completion

Nominal Dates
	  	 Milestone
	  	 Milestone

Payment (%)
	  	 Milestone

Payment

(US$)

	 [***...***]
	  	[***...***]	  	[***...***]	  	[***...***]%	  	$[***...***]

 Example 2:
[***...***]. 
 [***...***] 
 [***...***] Price = $[***...***] 
 [***...***] 

Price of Additional Launch = $[***...***] = $[***...***] 
 [***...***]. The payment profile in this example would be the following: 
  

									
	 No
	  	 Milestone

[***...***] Dates
	  	 Milestone
	  	 Milestone

Payment (%)
	  	 Milestone

Payment

(US$)

	 [***...***]
	  	[***...***]	  	[***...***]	  	[***...***]%	  	$[***...***]

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 EXHIBIT F 
 DISCLOSURES 
 Pending/Threatened Litigation 

In accordance with Section 7.3 of the Contract for Launch Services, dated as of March 19, 2010, between Iridium Satellite LLC and Space
Exploration Technologies Corp. (“SpaceX”), please be advised of the following circumstances which, if ultimately resolved in a manner adverse to SpaceX, could have a material adverse effect on SpaceX: 

 

	 	1.	PlanetSpace Inc., which bid on but was not awarded any of NASA’s $3.5B Commercial Resupply Services (“CRS”) contract, filed an official bid protest with
the U.S. Government Accounting Office (“GAO”) in December of 2008. As awardees of the CRS contract, SpaceX and Orbital Sciences Corporation (“Orbital”) each participated in the GAO bid protest proceedings. In May of 2009, the GAO
concluded that NASA’s award of the CRS contract to SpaceX and Orbital was proper and denied relief to PlanetSpace. In July of 2009, PlanetSpace filed a bid protest action against the United States challenging NASA’s CRS award decision in
the U.S. Court of Federal Claims. The Complaint is currently pending and SpaceX has intervened in the proceeding. 

  

	 	2.	[***...***]. 

  
 CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
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CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***. . .***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN 

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.Indenture

 Exhibit 4.1 
 O’REILLY AUTOMOTIVE, INC. 
 as Issuer, 

EACH OF THE SUBSIDIARY GUARANTORS FROM TIME TO TIME PARTY HERETO 

as Subsidiary Guarantors 
 UMB BANK, N.A. 
 as Trustee 

 
  
 INDENTURE 
 Dated as of January 14, 2011 

 
  
 4.875% SENIOR NOTES DUE 2021 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page
			
	ARTICLE ONE.	    	DEFINITIONS AND INCORPORATION BY REFERENCE	  	1
				
		 	SECTION 1.01.	    	Definitions	  	1
				
		 	SECTION 1.02.	    	Other Definitions	  	9
				
		 	SECTION 1.03.	    	Incorporation by Reference of Trust Indenture Act	  	9
				
		 	SECTION 1.04.	    	Rules of Construction	  	10
			
	ARTICLE TWO.	    	THE SECURITIES	  	10
				
		 	SECTION 2.01.	    	Form Generally	  	10
				
		 	SECTION 2.02.	    	Notes in Global Form	  	10
				
		 	SECTION 2.03.	    	Amount of Notes	  	11
				
		 	SECTION 2.04.	    	Execution, Authentication, Delivery and Dating	  	11
				
		 	SECTION 2.05.	    	Registrar and Paying Agent	  	12
				
		 	SECTION 2.06.	    	Paying Agent to Hold Money in Trust	  	12
				
		 	SECTION 2.07.	    	Holder Lists	  	12
				
		 	SECTION 2.08.	    	Registration, Registration of Transfer and Exchange	  	12
				
		 	SECTION 2.09.	    	Replacement Notes	  	13
				
		 	SECTION 2.10.	    	Outstanding Notes	  	14
				
		 	SECTION 2.11.	    	When Notes Disregarded	  	14
				
		 	SECTION 2.12.	    	Temporary Notes	  	14
				
		 	SECTION 2.13.	    	Cancellation	  	14
				
		 	SECTION 2.14.	    	Payment of Interest	  	15
				
		 	SECTION 2.15.	    	Persons Deemed Owners	  	15
				
		 	SECTION 2.16.	    	Computation of Interest	  	15
				
		 	SECTION 2.17.	    	CUSIP Numbers	  	15
				
		 	SECTION 2.18.	    	Issuance of Additional Notes	  	15
			
	ARTICLE THREE.	    	REDEMPTION AND PREPAYMENT	  	16
				
		 	SECTION 3.01.	    	Notices to Trustee	  	16
				
		 	SECTION 3.02.	    	Selection of Notes to be Redeemed	  	16
				
		 	SECTION 3.03.	    	Notice of Redemption	  	16
				
		 	SECTION 3.04.	    	Effect of Notice of Redemption	  	17
				
		 	SECTION 3.05.	    	Deposit of Redemption Price	  	17
				
		 	SECTION 3.06.	    	Notes Redeemed in Part	  	17
				
		 	SECTION 3.07.	    	Optional Redemption	  	17
				
		 	SECTION 3.08.	    	Sinking Fund	  	18
				
		 	SECTION 3.09.	    	Change of Control	  	18

  
 i 

  

							
	ARTICLE FOUR.	    	COVENANTS	  	19
				
		 	SECTION 4.01.	    	Payment of Notes	  	19
				
		 	SECTION 4.02.	    	SEC Reports	  	20
				
		 	SECTION 4.03.	    	Compliance Certificate	  	20
				
		 	SECTION 4.04.	    	Further Instruments and Acts	  	20
				
		 	SECTION 4.05.	    	Corporate Existence	  	20
				
		 	SECTION 4.06.	    	Limitations on Liens	  	20
				
		 	SECTION 4.07.	    	Limitation on Sale and Leaseback Transactions	  	20
				
		 	SECTION 4.08.	    	Maintenance of Office or Agency	  	21
				
		 	SECTION 4.09.	    	Subsidiary Guarantees	  	21
			
	ARTICLE FIVE.	    	SUCCESSOR COMPANIES	  	22
				
		 	SECTION 5.01.	    	Merger, Consolidation or Sale of Assets of the Company	  	22
				
		 	SECTION 5.02.	    	Merger, Consolidation or Sale of Assets of Subsidiary Guarantors	  	22
				
		 	SECTION 5.03.	    	Surviving Person Substituted	  	23
			
	ARTICLE SIX.	    	DEFAULTS AND REMEDIES	  	23
				
		 	SECTION 6.01.	    	Events of Default	  	23
				
		 	SECTION 6.02.	    	Acceleration	  	24
				
		 	SECTION 6.03.	    	Other Remedies	  	25
				
		 	SECTION 6.04.	    	Waiver of Past Defaults	  	25
				
		 	SECTION 6.05.	    	Control by Majority	  	25
				
		 	SECTION 6.06.	    	Limitation on Suits	  	25
				
		 	SECTION 6.07.	    	Rights of Holders to Receive Payment	  	26
				
		 	SECTION 6.08.	    	Collection Suit by Trustee	  	26
				
		 	SECTION 6.09.	    	Trustee May File Proofs of Claim	  	26
				
		 	SECTION 6.10.	    	Priorities	  	26
				
		 	SECTION 6.11.	    	Undertaking for Costs	  	26
				
		 	SECTION 6.12.	    	Waiver of Stay or Extension Laws	  	27
			
	ARTICLE SEVEN.	    	TRUSTEE	  	27
				
		 	SECTION 7.01.	    	Duties of Trustee	  	27
				
		 	SECTION 7.02.	    	Rights of Trustee	  	28
				
		 	SECTION 7.03.	    	Individual Rights of Trustee	  	29
				
		 	SECTION 7.04.	    	Trustee’s Disclaimer	  	29
				
		 	SECTION 7.05.	    	Notice of Defaults	  	29
				
		 	SECTION 7.06.	    	Reports by Trustee to Holder	  	29
				
		 	SECTION 7.07.	    	Compensation and Indemnity	  	29
				
		 	SECTION 7.08.	    	Replacement of Trustee	  	30

  
 ii 

  

							
		 	SECTION 7.09.	    	Successor Trustee by Merger	  	30
				
		 	SECTION 7.10.	    	Eligibility; Disqualification	  	31
				
		 	SECTION 7.11.	    	Preferential Collection of Claims Against Company	  	31
			
	ARTICLE EIGHT.	    	LEGAL DEFEASANCE, COVENANT DEFEASANCE AND SATISFACTION AND DISCHARGE	  	31
				
		 	SECTION 8.01.	    	Option to Effect Legal Defeasance or Covenant Defeasance	  	31
				
		 	SECTION 8.02.	    	Legal Defeasance and Discharge	  	31
				
		 	SECTION 8.03.	    	Covenant Defeasance	  	31
				
		 	SECTION 8.04.	    	Conditions to Legal or Covenant Defeasance	  	32
				
		 	SECTION 8.05.	    	Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions	  	33
				
		 	SECTION 8.06.	    	Repayment to Company	  	33
				
		 	SECTION 8.07.	    	Reinstatement	  	33
				
		 	SECTION 8.08.	    	Satisfaction and Discharge of Indenture	  	34
			
	ARTICLE NINE.	    	AMENDMENTS	  	34
				
		 	SECTION 9.01.	    	Without Consent of Holders	  	34
				
		 	SECTION 9.02.	    	With Consent of Holders	  	35
				
		 	SECTION 9.03.	    	Compliance with Trust Indenture Act	  	36
				
		 	SECTION 9.04.	    	Revocation and Effect of Consents and Waivers	  	36
				
		 	SECTION 9.05.	    	Notation on or Exchange of Notes	  	36
				
		 	SECTION 9.06.	    	Trustee to Sign Amendments	  	36
				
		 	SECTION 9.07.	    	Payment for Consent	  	37
			
	ARTICLE TEN.	    	SUBSIDIARY GUARANTEES	  	37
				
		 	SECTION 10.01.	    	Guarantee	  	37
				
		 	SECTION 10.02.	    	Limitation of Subsidiary Guarantee	  	38
				
		 	SECTION 10.03.	    	Waiver of Subrogation	  	38
				
		 	SECTION 10.04.	    	Release of Subsidiary Guarantee	  	38
			
	ARTICLE ELEVEN.	    	MISCELLANEOUS	  	39
				
		 	SECTION 11.01.	    	Trust Indenture Act Controls	  	39
				
		 	SECTION 11.02.	    	Notices	  	39
				
		 	SECTION 11.03.	    	Communication by Holders with Other Holders	  	39
				
		 	SECTION 11.04.	    	Certificate and Opinion as to Conditions Precedent	  	39
				
		 	SECTION 11.05.	    	Statements Required in Certificate or Opinion	  	40
				
		 	SECTION 11.06.	    	Acts of Holders	  	40
				
		 	SECTION 11.07.	    	Rules by Trustee, Paying Agent and Registrar	  	41
				
		 	SECTION 11.08.	    	Governing Law	  	41

  
 iii

  

							
		 	SECTION 11.09.	    	No Recourse Against Others	  	41
				
		 	SECTION 11.10.	    	Successors	  	41
				
		 	SECTION 11.11.	    	Multiple Originals	  	41
				
		 	SECTION 11.12.	    	Table of Contents; Headings	  	42
				
		 	SECTION 11.13.	    	Severability	  	42
				
		 	SECTION 11.14.	    	Force Majeure	  	42
				
		 	SECTION 11.15.	    	U.S.A. Patriot Act	  	42
				
		 	SECTION 11.16.	    	Electronic Transactions	  	42

  
 iv 

 CROSS-REFERENCE TABLE* 

 

					
	 Trust Indenture Act Section
	  	Indenture Section
			
	 310
	 	(a)(1)	  	7.10
			
		 	(a)(2)	  	7.10
			
		 	(a)(3)	  	Not Applicable
			
		 	(a)(4)	  	Not Applicable
			
		 	(a)(5)	  	7.10
			
		 	(b)	  	7.10
			
		 	(c)	  	Not Applicable
			
	 311
	 	(a)	  	7.11
			
		 	(b)	  	7.11
			
		 	(c)	  	Not Applicable
			
	 312
	 	(a)	  	2.07
			
		 	(b)	  	11.03
			
		 	(c)	  	11.03
			
	 313
	 	(a)	  	7.06
			
		 	(b)(1)	  	Not Applicable
			
		 	(b)(2)	  	7.06
			
		 	(c)	  	7.06
			
		 	(d)	  	7.06
			
	 314
	 	(a)	  	4.02;4.03
			
		 	(b)	  	Not Applicable
			
		 	(c)(1)	  	11.04
			
		 	(c)(2)	  	11.04
			
		 	(c)(3)	  	Not Applicable
			
		 	(d)	  	Not Applicable
			
		 	(e)	  	11.05
			
		 	(f)	  	Not Applicable
			
	 315
	 	(a)	  	7.01
			
		 	(b)	  	7.05
			
		 	(c)	  	7.01
			
		 	(d)	  	7.01
			
		 	(e)	  	6.11
			
	 316
	 	(a) (last sentence)	  	2.11
			
		 	(a)(1)(A)	  	6.05
			
		 	(a)(1)(B)	  	6.04

  
 v 

					
	 Trust Indenture Act Section
	  	Indenture Section
			
		 	(a)(2)	  	Not Applicable
		 	(b)	  	6.07
		 	(c)	  	2.14
			
	317	 	(a)(1)	  	6.08
			
		 	(a)(2)	  	6.09
			
		 	(b)	  	2.06
			
	318	 	(a)	  	11.01
			
		 	(b)	  	Not Applicable
			
		 	(c)	  	11.01

  

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

  

 
  
  

 
  

  
 vi 

 EXHIBITS 
  

			
	Exhibit A	  	FORM OF NOTE
		
	Exhibit B	  	FORM OF SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT GUARANTORS

  

 
  
  

 
  
  

 

  
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 INDENTURE dated as of January 14, 2011, among O’REILLY AUTOMOTIVE, INC., a Missouri
corporation, THE SUBSIDIARY GUARANTORS (as defined below) and UMB BANK, N.A., as trustee. 
 RECITALS 

The Company has duly authorized the execution and delivery of this Indenture (as defined herein) to provide for the initial issuance of
$500,000,000 aggregate principal amount of its 4.875% Senior Notes due 2021 (the “Initial Notes” and, together with any Additional Notes (as defined herein), if and when issued, the “Notes”) to be issued as provided in this
Indenture. In addition, the Subsidiary Guarantors party hereto have duly authorized the execution and delivery of this Indenture as guarantors of the Notes. 
 THIS INDENTURE WITNESSETH 
 For and in consideration of the premises and the
purchase of the Notes by the Holders (as defined herein) thereof, the parties hereto covenant and agree, for the equal and ratable benefit of the Holders of the Notes, as follows: 

ARTICLE ONE. 

DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.01. Definitions. 
 For all purposes under this Indenture and any
supplemental indenture hereto, except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following meanings: 
 “Additional Notes” means any additional 4.875% Senior Notes due 2021 issued from time to time after the Issue Date under the terms of this Indenture other than pursuant to 2.08, 2.09,
2.12, 3.06 or 9.05 of this Indenture. 
 “Affiliate” of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,”
“controlled by” and “under common control with”), when used with respect to any Person, shall mean the power to direct or cause the direction of the management or policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by agreement or otherwise. 
 “Agent” means any Registrar, Paying Agent or
co-registrar. 
 “Attributable Debt” in respect of a Sale and Leaseback Transaction means, at the time of
determination, the present value discounted at the rate of interest implicit in the terms of the lease (as determined in good faith by the Company) of the obligations of the lessee under such lease for net rental payments during the remaining term
of the lease (including any period for which such lease has been extended or may, at the Company’s option, be extended). 

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

“Board of Directors” means the board of directors of the Company, or any authorized committee of the Board of Directors.

 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the
Company to have been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate. 

  
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 “Business Day” means any day other than a Legal Holiday. 

“Capital Markets Debt” means any debt for borrowed money that (i) is in the form of, or represented by, bonds,
notes, debentures or other securities (other than promissory notes or similar evidences of debt under a credit agreement) and (ii) has an aggregate principal amount outstanding of at least $25.0 million. 

“Change of Control” means the occurrence of any one 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 the Company and its Subsidiaries taken as a whole to any Person (including any “person” (as that term is used in Section 13(d)(3) of the Exchange Act))
other than the Company or one of its Subsidiaries; 
 (2) the consummation of any transaction (including without limitation, any
merger or consolidation) the result of which is that any Person (including any “person” or “group” (as those terms are used in Section 13(d)(3) of the Exchange Act)) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock of the Company or any other Voting Stock into which the Voting Stock of the Company is
reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; 
 (3) the Company
consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company (or any other Voting
Stock into which the Voting Stock of the Company is reclassified, consolidated, exchanged or changed) or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the
Voting Stock of the Company (or any other Voting Stock into which the Voting Stock of the Company is reclassified, consolidated, exchanged or changed) outstanding immediately prior to such transaction constitute, or are converted into or exchanged
for, a majority of the Voting Stock of the surviving Person immediately after giving effect to such transaction; 
 (4) the
first day on which the majority of the members of the board of directors of the Company cease to be Continuing Directors; or 

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

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating Event. 

“Clearstream” means Clearstream Banking, société anonyme, or any successor thereto. 

“Company” means O’Reilly Automotive, Inc., and any and all successors thereto. 

“Company Order” means a written order signed in the name of the Company by two Officers, one of whom must be the
Company’s principal executive officer, principal financial officer or principal accounting officer and delivered to the Trustee. 
 “Comparable Treasury Issue” means, with respect to the Notes, the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the
remaining term of the Notes, that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

  
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 “Comparable Treasury Price” means, with respect to any Redemption Date for
the Notes, (i) the average of the applicable Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such applicable Reference Treasury Dealer Quotations, or (ii) if the Trustee obtains fewer
than four such Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations. 

“Consolidated Net Tangible Assets” means the aggregate amount of the Company’s assets (less applicable reserves and
other properly deductible items) and the Company’s consolidated subsidiaries’ assets after deducting therefrom (a) all current liabilities (excluding the sum of any debt for money borrowed having a maturity of less than twelve months
from the date of the Company’s most recent consolidated balance sheet but which by its terms is renewable or extendable beyond twelve months from such date at the option of the borrower and, without duplication, any current installments thereof
payable within such twelve month period) and (b) all goodwill, trade names, patents, unamortized debt discount and expense and other like intangibles, all as set forth on the Company’s most recent consolidated balance sheet and computed in
accordance with GAAP. 
 “Continuing Director” means, as of any date of determination, any member of the board
of directors of the Company who: 
 (1) was a member of such board of directors on the date of this Indenture; or 

(2) was nominated for election or elected to such board of directors with the approval of a majority of the Continuing Directors who were
members of such board of directors at the time of such nomination or election. 
 “Corporate Trust Office of the
Trustee” shall be the address of the Trustee specified in Section 11.02 hereof or such other address as to which the Trustee may give notice to the Company. 
 “Credit Facility Debt” means any debt for borrowed money that (i) is incurred pursuant to a credit agreement, including pursuant to the Revolving Credit Facility, or other agreement
providing for revolving credit loans, term loans or other debt entered into between the Company or any Subsidiary of the Company and any lender or group of lenders and (ii) has an aggregate principal amount outstanding or committed of at least
$25.0 million. 
 “Default” means any event that is, or after notice or passage of time or both would be, an
Event of Default. 
 “Definitive Note” means a Note in definitive registered form without coupons. 

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, DTC and any and all
successors thereto appointed as Depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 
 “Dollar” means a dollar or other equivalent unit in such coin or currency of the United States as at the time shall be legal tender for the payment of public and private debt. 

“Domestic Subsidiary” means any Subsidiary of the Company that is organized under the laws of any political subdivision
of the United States of America. 
 “DTC” means The Depository Trust Company or any of its successors.

 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System, or any successor thereto.

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

“Foreign Currency” means any currency or currency unit issued by a government other than the government of The United
States of America. 

  
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 “Foreign Subsidiary” means any Subsidiary of the Company that is not a
Domestic Subsidiary. 
 “Funded Debt” means debt which matures more than one year from the date of creation, or
which is extendable or renewable at the sole option of the obligor so that it may become payable more than one year from such date or which is classified, in accordance with GAAP, as long-term debt on the consolidated balance sheet for the
most-recently ended fiscal quarter (or if incurred subsequent to the date of such balance sheet, would have been so classified) of the Person for which the determination is being made. Funded Debt shall not include (1) obligations created
pursuant to leases, (2) any debt or portion thereof maturing by its terms within one year from the time of any computation of the amount of outstanding Funded Debt unless such debt shall be extendable or renewable at the sole option of the
obligor in such manner that it may become payable more than one year from such time, or (3) any debt for which money in the amount necessary for the payment or redemption of such debt is deposited in trust either at or before the maturity date
thereof. 
 “GAAP” means generally accepted accounting principles in the United States of America set forth in
the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board. 

“Global Notes” means Notes in the form of a global security as delivered to the Depositary. 

“Global Note Legend” means the legend set forth in Exhibit A to this Indenture, which is required to be placed on all
Global Securities issued under this Indenture. 
 “Holder” means a Person in whose name a Note is registered on
the Registrar’s books. 
 “Indenture” means this Indenture, as amended or supplemented from time to time.

 “Independent Investment Banker” means, with respect to the Notes, either Barclays Capital Inc. or Merrill
Lynch, Pierce, Fenner & Smith Incorporated, as selected by the Company or, if both firms are unwilling or unable to select the applicable Comparable Treasury Issue, an independent investment banking institution of national standing
appointed by the Company. 
 “Interest Payment Date” when used with respect to the Notes, means the date
specified in the Notes for the payment of any installment of interest on the Notes. 
 “Investment Grade” means
a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating category of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P). 

“Issue Date” means January 14, 2011. 
 “Legal Holiday” means a Saturday, Sunday or other day on which banking institutions in New York State are authorized or required by law to close. If a payment date is a Legal Holiday,
payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on the amount so payable during the intervening period. If a record date is a Legal Holiday, the record date shall not be affected.

 “Lien” means, with respect to any property or assets, any mortgage or deed of trust, pledge, hypothecation,
security interest, lien, encumbrance or other security arrangement of any kind or nature on or with respect to such property or assets. 
 “Notes” has the meaning assigned to it in the preamble to this Indenture. 
 “Maturity,” when used with respect to any Note or installment of principal thereof, means the date on which the principal of such Note or such installment of principal becomes due and
payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, notice of option to elect repayment or otherwise. 

  
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 “Moody’s” means Moody’s Investors Service, Inc., a subsidiary of
Moody’s Corporation, and its successors. 
 “Officer” means, with respect to any Person, the Chairman of
the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or Clerk, any Assistant Secretary, or any Vice-President of such
Person. The term Officer of any Subsidiary Guarantor has a correlative meaning. 
 “Officers’ Certificate”
means a certificate signed on behalf of the Company or a Subsidiary Guarantor by two Officers of the Company or the Subsidiary Guarantor, as applicable, one of whom must be the principal executive officer, the principal financial officer or the
principal accounting officer of the Company or the Subsidiary Guarantor, as applicable, that meets the requirements of Section 11.04 and 11.05 hereof. 
 “Opinion of Counsel” means an opinion from legal counsel, that meets the requirements of Section 11.04 hereof (which may be subject to customary assumptions and qualifications). The
counsel may be an employee of or counsel to the Company, any Subsidiary of the Company or the Trustee. 

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the
Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear or Clearstream) as indirect participants. 
 “Permitted Liens” means: 
 (1) Liens (other than Liens created or
imposed under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)), for taxes, assessments or governmental charges or levies not yet subject to penalties for non-timely payment or Liens for taxes being
contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established (and as to which the property or assets subject to any such Lien is not yet subject to foreclosure, sale or loss
on account thereof; 
 (2) statutory Liens of landlords and Liens of mechanics, materialmen, warehousemen, carriers and
suppliers and other Liens imposed by law or pursuant to customary reservations or retentions of title arising in the ordinary course of business, provided that any such Liens which are material secure only amounts not yet due and payable or, if due
and payable, are unfiled and no other action has been taken to enforce the same or are being contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established (and as to which the
property or assets subject to any such Lien is not yet subject to foreclosure, sale or loss on account thereof); 
 (3) Liens
(other than Liens created or imposed under ERISA) incurred or deposits made by the Company and Subsidiaries of the Company in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of
social security, laws or regulations, or to secure the performance of tenders, statutory obligations, bids, leases, trade or government contracts, surety, indemnification, appeal, performance and return-of-money bonds, letters of credit, bankers
acceptances and other similar obligations (exclusive of obligations for the payment of borrowed money), or as security for customs or import duties and related amounts; 
 (4) Liens in connection with attachments or judgments (including judgment or appeal bonds), provided that the judgments secured shall, within 30 days after the entry thereof, have been discharged or
execution thereof stayed pending appeal, or shall have been discharged within 30 days after the expiration of any such stay; 

(5) Liens securing indebtedness (including capital leases) incurred to finance the purchase price or cost of construction of property or
assets (or additions, repairs, alterations or improvements thereto), provided that such Liens and the indebtedness secured thereby are incurred within twelve months of the later of acquisition or completion of construction (or addition, repair,
alteration or improvement) and full operation thereof; 

  
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 (6) Liens securing industrial revenue bonds, pollution control bonds or similar types of
tax-exempt bonds; 
 (7) Liens arising from deposits with, or the giving of any form of security to, any governmental agency
required as a condition to the transaction of business or exercise of any privilege, franchise or license; 
 (8) encumbrances,
covenants, conditions, restrictions, easements, reservations and rights of way or zoning, building code or other restrictions, (including defects or irregularities in title and similar encumbrances) as to the use of real property, or Liens
incidental to conduct of the business or to the ownership of properties of the Company or any Subsidiary of the Company not securing debt that do not in the aggregate materially impair the use of said properties in the operation of the business of
the Company, including its Subsidiaries, taken as a whole; 
 (9) leases, licenses, subleases or sublicenses granted to others
not interfering in any material respect with the business of the Company, including its Subsidiaries, taken as a whole; 
 (10)
Liens on property or assets at the time such property or assets is acquired by the Company or any Subsidiary of the Company; 

(11) Liens on property or assets of any person at the time such person becomes a Subsidiary of the Company; 

(12) Liens on receivables from customers sold to third parties pursuant to credit arrangements in the ordinary course of business;

 (13) Liens existing on the date of this Indenture, or any extensions, amendments, renewals, refinancings, replacements or
other modifications thereto; 
 (14) Liens on any property or assets created, assumed or otherwise brought into existence in
contemplation of the sale or other disposition of the underlying property or assets, whether directly or indirectly, by way of share disposition or otherwise; 
 (15) Liens securing debt of a Subsidiary Guarantor owed to the Company or to another Subsidiary Guarantor; 
 (16) Liens in favor of the United States of America or any State thereof, or any department, agency or instrumentality or political subdivision thereof, to secure partial, progress, advance or other
payments; 
 (17) Liens to secure debt of joint ventures in which the Company or any of its Subsidiaries has an interest, to the
extent such Liens are on property or assets of, or equity interests in, such joint ventures; 
 (18) Liens arising solely by
virtue of any statutory or common law provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution; 

(19) Liens arising from financing statement filings regarding operating leases; 

(20) Liens in favor of customs and revenue authorities to secure custom duties in connection with the importation of goods; 

(21) Liens securing the financing of insurance premiums payable on insurance policies; provided, that, such Liens shall only encumber
unearned premiums with respect to such insurance, interests in any state guarantee fund relating to such insurance and subject and subordinate to the rights and interests of any loss payee, loss payments which shall reduce such unearned premiums;

  
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 (22) Liens securing cash management obligations (that do not constitute indebtedness), or
arising out of conditional sale, title, retention, consignment or similar arrangements for sale of goods and contractual rights of set-off relating to purchase orders and other similar arrangements, in each case in the ordinary course of business;

 (23) Liens on any property or assets of Foreign Subsidiaries securing debt of such Foreign Subsidiaries (but not debt of the
Company or any Subsidiary Guarantor); and 
 (24) other Liens on property or assets of the Company and the property or assets of
its Subsidiaries securing debt in an aggregate principal amount (together with the aggregate amount of all Attributable Debt in respect of Sale and Leaseback Transactions entered into in reliance on this clause) not to exceed, as of any date of
incurrence of such debt pursuant to this clause and after giving effect to such incurrence and the application of the proceeds therefrom, the greater of (1) $250.0 million and (2) 15% of the Company’s Consolidated Net Tangible Assets.

 “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company,
trust, unincorporated organization, limited liability company or government or other entity. 
 “Rating Agency”
means each of Moody’s and S&P; provided, that if either Moody’s or S&P ceases to provide rating services to issuers or investors, the Company may appoint a replacement for such Rating Agency. 

“Rating Event” means: 
 (1) if the Notes are rated Investment Grade by each of the Rating Agencies on the first day of the Trigger Period, the Notes cease to be rated Investment Grade by each of the Rating Agencies on any date
during the Trigger Period, or 
 (2) if the Notes are not rated Investment Grade by each of the Rating Agencies on the first day
of the Trigger Period, the Notes are downgraded by at least one rating category (e.g., from BB+ to BB or Ba1 to Ba2) from the applicable rating of the Notes on the first day of the Trigger Period by each of the Rating Agencies on any date during the
Trigger Period. 
 “Redemption Date”, when used with respect to any Note to be redeemed, shall mean the date
specified for redemption of such Note in accordance with the terms of such Note and this Indenture. 
 “Redemption
Price”, when used with respect to any Note to be redeemed, means the price at which it is to be redeemed pursuant to the terms of such Note and this Indenture (not including accrued and unpaid interest to, but not including, the Redemption
Date). 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
Redemption Date for the Notes, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue for the Notes (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee
by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such Redemption Date. 

“Reference Treasury Dealer” means, with respect to the Notes, (i) Barclays Capital Inc. and Merrill Lynch, Pierce,
Fenner & Smith Incorporated and their respective successors; provided however, that if either of the foregoing shall cease to be a primary United States Government securities dealer in the United States (a “Primary Treasury
Dealer”), the Company shall substitute therefor another Primary Treasury Dealer and (ii) any other Primary Treasury Dealer selected by the Company. 
 “Regular Record Date” means January 1 and July 1, as applicable. 

“Responsible Officer” with respect to the Trustee, means any vice president, assistant vice president, trust officer,
assistant trust officer or any other officer of the Trustee assigned by the Trustee to administer 

  
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its corporate trust matters and who customarily performs functions similar to those performed by such Persons who at the time shall be such officers, respectively, or to whom any corporate trust
matter is referred because of such Person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for administration of this Indenture. 

“Revolving Credit Facility” means the Credit Agreement, dated as of January    , 2011, among the
Company, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, as amended, amended and restated, extended, renewed, restated, supplemented or otherwise modified
(in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors. 

“SEC” means the Securities and Exchange Commission. 

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

“Senior Funded Debt” means all Funded Debt of the Company or its Subsidiaries (except Funded Debt, the payment of which
is subordinated to the payment of the Securities). 
 “Series” or “Series of Securities” means
each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.01 and 2.02 hereof. 

“Special Record Date” for the payment of any Defaulted Interest on the Notes means a date fixed by the Trustee pursuant
to Section 2.14 hereof. 
 “Stated Maturity” means January 14, 2021. 

“Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company or other
business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the
happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. 

“Subsidiary Guarantee” means a Guarantee by a Subsidiary Guarantor of the Company’s obligations with respect to the
Notes pursuant to the terms set forth in this Indenture. 
 “Subsidiary Guarantor” means each of: 

 

	 	•	 	 each subsidiary of the Company which is a Guarantor under this Indenture; and 

 

	 	•	 	 any other Subsidiary that executes a Subsidiary Guarantee in accordance with the provisions of this Indenture (which shall be evidenced by the
execution of a supplemental indenture in the form of Exhibit B hereto), and their respective successors and assigns; 

 provided, however, that upon the release and discharge of any Person from its Subsidiary Guarantee in accordance with this Indenture, such Person shall cease to be a Subsidiary Guarantor.

 “TIA” means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) and the rules and
regulations thereunder as in effect on the date on which this Indenture is qualified under the TIA, except as provided in Section 9.03. 
 “Treasury Yield” means, with respect to any Redemption Date for the Notes, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the applicable Comparable Treasury Price for such Redemption Date. 

  
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 “Trigger Period” means the period commencing 60 days prior to the first
public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for
so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change). 

“Trustee” means the party named as such above until a successor replaces it in accordance with the applicable provisions
of this Indenture and thereafter means the successor serving hereunder. 
 “U.S. Government Obligations” means
direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of
America is pledged and which are not callable or redeemable at the issuer’s option. 
 “Voting Stock” of
any specified Person as of any date means the capital stock of such Person that is at the time entitled to vote generally in the election of the board of directors of such Person. 

SECTION 1.02. Other Definitions. 
  

					
	 Term
	  	Defined in
Section	 
		
	 “Change of Control Offer”
	  	 	3.09	  
		
	 “Change of Control Payment Date”
	  	 	3.09	  
		
	 “Covenant Defeasance”
	  	 	8.03	  
		
	 “Custodian”
	  	 	6.01	  
		
	 “Event of Default”
	  	 	6.01	  
		
	 “Legal Defeasance”
	  	 	8.02	  
		
	 “Legal Holiday”
	  	 	11.08	  
		
	 “Notice of Default”
	  	 	6.01	  
		
	 “Paying Agent”
	  	 	2.05	  
		
	 “Registrar”
	  	 	2.05	  
		
	 “Sale and Leaseback Transaction”
	  	 	4.07	  
		
	 “Surviving Person”
	  	 	5.01	  
		
	 “Surviving Guarantor”
	  	 	5.02	  
		
	 “Trustee”
	  	 	8.05	  

 SECTION 1.03.
Incorporation by Reference of Trust Indenture Act. This Indenture is subject to the mandatory provisions of the TIA, which are incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have
the following meanings: 
 “indenture securities” means the Notes; 

“indenture security Holder” means a Holder of a Note; 
 “indenture to be qualified” means this Indenture; 

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

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

(1) a term has the meaning assigned to it; 
 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 
 (3) “or” is not exclusive; 
 (4) words in the singular include the
plural, and in the plural include the singular; 
 (5) provisions apply to successive events and transactions; 

(6) references to sections of or rules under the Securities Act shall be deemed to include substitute, replacement or successor sections
or rules adopted by the SEC from time to time; 
 (7) unless the context otherwise requires, any reference to an
“Article,” “Section” or “clause” refers to an Article, Section or clause, as the case may be, of this Indenture; and 
 (8) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not any particular Article, Section, clause or other
subsdivision. 
 ARTICLE TWO. 
 THE SECURITIES 
 SECTION 2.01. Form Generally. The Notes will
initially be guaranteed by the Subsidiary Guarantors on the terms set forth in Article Ten hereof. The Notes shall be substantially in the form of Exhibit A hereto with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or
as may, consistently herewith, be determined by the Officers executing such Notes as evidenced by their execution of the Notes. 

The certificated Notes shall be printed, lithographed or engraved or produced by any combination of these methods or may be produced in
any other manner; provided that such method is permitted by the rules of any securities exchange on which such Notes may be listed, all as determined by the Officers executing such Notes as evidenced by their execution of such Notes. 

SECTION 2.02. Notes in Global Form. Notes issued as a Global Note shall represent such of the outstanding Notes as specified
therein and may provide that it shall represent the aggregate principal amount of outstanding Notes from time to time endorsed thereon or otherwise notated on the books and records of the Registrar and that the aggregate principal amount of
outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the aggregate principal amount of any increase or decrease in the
amount of outstanding Notes represented thereby shall be made by the Trustee in such manner and upon instructions given by the Holder thereof. 

  
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 Global Notes may be issued in either registered or bearer form and in either temporary or
permanent form. Permanent Global Notes will be issued in certificated form. 
 Notwithstanding the provisions of Sections 2.02
and 2.14 hereof, payment of principal of and any interest on any Global Note shall be made to the Depositary or its nominee, as the case may be, as the sole registered owner and holder of any Global Note for all purposes under this Indenture.

 SECTION 2.03. Amount of Notes. On the Issue Date, the Trustee shall authenticate and deliver $500,000,000 of 4.875%
Senior Notes due 2021 and, at any time and from time to time thereafter, the Trustee shall authenticate and deliver Notes for original issue in an aggregate principal amount specified in a Company Order. Such order shall specify the amount of the
Notes to be authenticated and the date on which the original issue of Notes is to be authenticated. The aggregate principal amount of Notes which may be authenticated and delivered under this Indenture is unlimited. The Notes may have notations,
legends or endorsements required by law, stock exchange rules or usage. The Notes shall be in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 All Notes shall be substantially identical except as described in Section 2.18 hereto and as may otherwise be provided in any indenture supplemental hereto. 

If any of the terms of the Notes are established by action taken pursuant to a Board Resolution, a copy of any appropriate record of such
action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the Notes. 

The Notes, including any Additional Notes, shall be treated as a single class for all purposes under this Indenture, including, without
limitation, waivers, amendments, redemptions and offers to purchase. 
 SECTION 2.04. Execution, Authentication, Delivery and
Dating. 
 An Officer shall execute the Notes for the Company by manual or facsimile signature in the name and on behalf of
the Company. 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. 
 A Note shall not be valid until authenticated by the manual or facsimile signature of the Trustee. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture.

 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed
by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes; and the Trustee in accordance with such Company Order shall authenticate and deliver such Notes after the following
conditions have been met: 
 (1) Receipt by the Trustee of an Opinion of Counsel stating that such Notes, when completed by
appropriate insertions and executed and delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with this Indenture and issued by the Company in the
manner and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization
and other similar laws of general applicability relating to or affecting the enforcement of creditors’ rights, to general equitable principles and to such other qualifications as such counsel shall conclude do not materially affect the rights
of Holders of such Notes; and 
 (2) an Officers’ Certificate stating that all conditions precedent provided for in this
Indenture relating to the issuance of the Notes have been complied with and that, to the best of the knowledge of the signers of such Officers’ Certificate, no Event of Default with respect to any of the Notes shall have occurred and be
continuing. 

  
 11 

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

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

 

			
	UMB Bank, N.A., as Trustee
		
	By:	 	  

		 	 Authorized Signatory

 Each Note shall be dated the date of its authentication. 
 SECTION 2.05.
Registrar and Paying Agent. The Company shall maintain, with respect to the Notes, an office or agency where such Notes may be presented for registration of transfer or for exchange (“Registrar”) and an office or agency where
Notes may be presented for payment (“Paying Agent”). The Registrar shall keep a register of the Notes and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents.
The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company shall notify the
Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries may
act as Paying Agent or Registrar. 
 The Company initially appoints the Trustee to act as the Registrar and Paying Agent.

 SECTION 2.06. Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the
Trustee) to agree in writing that the Paying Agent will hold in trust for the benefit of Holders of Notes or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, on or interest on such Notes, and will
notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to
pay all money held by it to the Trustee and to account for any funds disbursed by such Paying Agent. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for
the money. If the Company or a Subsidiary of the Company 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 Company, the Trustee shall serve as Paying Agent for the Notes. 
 SECTION 2.07. 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 of Notes and shall otherwise comply with TIA § 312(a). If the Trustee is not
the Registrar, the Company shall furnish to the Trustee at least seven Business Days before each Interest Payment Date and at such other times as the Trustee may reasonably request in writing, a list in such form and as of such date as the Trustee
may reasonably require of the names and addresses of the Holders of the Notes and the Company shall otherwise comply with TIA § 312(a). 
 SECTION 2.08. Registration, Registration of Transfer and Exchange. Upon surrender for registration of transfer of any Notes at an office or agency of the Company designated pursuant to
Section 4.08 hereof for such purpose, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denominations, of a like aggregate
principal amount. The Company shall not charge a service charge for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to pay all taxes, assessments or other governmental charges that may be imposed in
connection with the transfer or exchange of the Notes from the Holder requesting such transfer or exchange (other than any exchange of a temporary Note for a permanent Note not involving any change in ownership or any exchange pursuant to
Section 2.12, 3.06 or 9.05 hereof, not involving any transfer). 

  
 12 

 Notwithstanding any other provisions (other than the provisions set forth in the fourth
paragraph) of this Section 2.08, a Global Note representing all or a portion of the Notes may not be transferred except as a whole by the Depositary to a nominee of such Depositary. Any holder of a beneficial interest in a Global Note shall, by
acceptance of such beneficial interest, agree that transfers of beneficial interests in such Global Note may be effected only through a book-entry system maintained by (a) the Holder of such Global Note (or its agent) or (b) any holder of
a beneficial interest in such Global Note, and that ownership of a beneficial interest in such Global Note shall be required to be reflected in a book-entry. 
 Each Global Note is exchangeable for Notes in certificated form only if (i) the Depositary notifies the Company that it is no longer willing or able to act as a depositary for the Global Notes or
ceases to be a clearing agency registered under the Exchange Act, and the Company has not appointed a successor depositary within 90 days of that notice or becoming aware that the Depositary is no longer so registered, (ii) an event of default
has occurred and is continuing, and the Depositary requests the issuance of certificated Notes or (iii) the Company determines (subject to DTC’s procedures) not to have the notes represented by a Global Note. In any such event the Company
will issue, and the Trustee, upon receipt of a Company Order for the authentication and delivery of certificated Notes, will authenticate and deliver, Notes in certificated form in exchange for such Global Note. In any such instance, an owner of a
beneficial interest in either Global Note will be entitled to physical delivery in certificated form of Notes equal in principal amount to such beneficial interest and to have such Notes registered in its name. Notes so issued in certificated form
will be issued in registered form only, without coupons. 
 Upon the exchange of a Global Note for Notes in certificated form,
such Global Note shall be cancelled by the Trustee. All cancelled Global Notes held by the Trustee shall be destroyed by the Trustee and a certificate of their destruction delivered to the Company. Notes in certificated form issued in exchange for a
Global Note pursuant to this Section 2.08 shall be registered in such names and in such authorized denominations as the Depositary for such Global Note, pursuant to instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee in writing. The Trustee shall deliver such Notes as instructed in writing by the Depositary. 
 At the
option of the Holders of certificated Notes, certificated Notes may be exchanged for other certificated Notes of any authorized denomination or denominations of a like aggregate principal amount and tenor, upon surrender of the certificated Notes to
be exchanged at such office or agency. Whenever any certificated Notes are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the certificated Notes which the Holder making the exchange is
entitled to receive. 
 All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations
of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 
 Every Note presented or surrendered for registration of transfer or for exchange shall be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the
Registrar duly executed, by the Holder thereof or his or her attorney duly authorized in writing. 
 The Company shall not be
required (i) to issue, register the transfer of or exchange any Notes during a period beginning 15 Business Days before any selection of Notes to be redeemed and ending at the close of business on the day of the mailing of the relevant notice
of redemption or (ii) to register the transfer of or exchange any Note so selected for redemption, in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

SECTION 2.09. Replacement Notes. If any mutilated Note is surrendered to the Trustee or the Company or the Trustee receives
evidence to its satisfaction of the destruction, loss or theft of any Note, the Company shall issue and the Trustee, upon receipt of a Company Order, shall authenticate a replacement Note if the Trustee’s requirements are met. If required by
the Trustee or the Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them
may suffer if a Note is replaced. The Company and the Trustee may charge the Holder for their expenses in replacing a Note (including, with limitation, attorneys’ fees and disbursements in replacing such Note). In the event any such mutilated,
destroyed, lost or stolen Note has become or is about to become due and payable, the Company may pay such Note instead of issuing a new Note in replacement thereof. 

  
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 Every replacement Note is an additional obligation of the Company and shall be entitled to
all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 
 The provisions
of this Section 2.09 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

SECTION 2.10. Outstanding Notes. The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those
canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth
in Section 2.11 hereof, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. Subject to the foregoing, in determining whether the Holders of the requisite principal amount of outstanding
Notes have given or concurred in any request, demand, authorization, direction, notice, consent or waiver hereunder, (including, without limitation, determinations pursuant to Articles 6 and 9 hereof), only Notes outstanding at the time of such
determination shall be considered in any such determination. 
 If a Note is replaced pursuant to Section 2.09 hereof, it
ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser. 
 If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. 

If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of any thereof) holds, on a Redemption Date or
maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease to accrue interest. 

SECTION 2.11. When Notes Disregarded. For purposes of determining whether the Holders of the requisite principal amount of Notes
have taken any action under this Indenture, Notes owned by the Company or any Affiliate of the Company shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be protected in
relying on any such direction, waiver or consent, only Notes which the Trustee knows are so owned shall be so disregarded. Subject to the foregoing, only Notes outstanding at the time shall be considered in any such determination. 

SECTION 2.12. Temporary Notes. Until certificates representing Notes are ready for delivery, the Company may prepare and the
Trustee, upon receipt of a Company Order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of certificated Notes but may have variations that the Company considers appropriate for temporary Notes and as shall be
reasonably acceptable to the Trustee. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Notes in exchange for temporary Notes. 

Holders of temporary Notes shall be entitled to all of the benefits of this Indenture as permanent Notes. 

SECTION 2.13. Cancellation. The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying
Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall
destroy canceled Notes according to its normal operating procedures (subject to the record retention requirement of the Exchange Act). The Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee
for cancellation. 

  
 14 

 SECTION 2.14. Payment of Interest. Interest on any Note which is payable, and is
punctually paid or duly provided for, on any Interest Payment Date shall be paid to the person in whose name that Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such interest.

 If the Company defaults in a payment of interest on the Notes which is payable (“Defaulted Interest”), 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. The
Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on the Notes and the date of the proposed payment. The Company 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 10 days prior to the related payment date for such Defaulted Interest. At least 15 days before the Special Record Date, the Company (or, upon the written request of the Company, the
Trustee in the name and at the expense of the Company) shall mail or cause to be mailed to Holders a notice that states the Special Record Date, the related payment date and the amount of such interest to be paid. 

Subject to the foregoing provisions of this Section 2.14 and Section 2.08 hereof, each Note delivered under this Indenture upon
registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

SECTION 2.15. Persons Deemed Owners. Prior to due presentment of a Note for registration of transfer, the Company, the Trustee and
any agent of the Company or the Trustee may treat the person in whose name such Note is registered as the owner of such Note for the purpose of receiving payment of principal of and (and subject to Sections 2.08 and 2.14 hereof) interest on such
Note and for all other purposes whatsoever, whether or not such Note be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

None of the Company, the Trustee or any agent of the Company or the Trustee will have any responsibility or liability for any aspect of
the Depositary’s records relating to or payments made on account of beneficial ownership interests of a Note in global form or for maintaining, supervising or reviewing any of the Depositary’s records relating to such beneficial ownership
interests. 
 SECTION 2.16. Computation of Interest. Interest on the Initial Notes will accrue from January 14,
2011. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 SECTION 2.17. CUSIP
Numbers. The Company, in issuing the Notes, may use “CUSIP” numbers (if then generally in use) and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such
notice may state that no representation is made as to the correctness or accuracy of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers
printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will as promptly as practicable notify the Trustee of any change in the “CUSIP” numbers. 

SECTION 2.18. Issuance of Additional Notes. 
 The Company shall be entitled, from time to time, without notice to or the consent of the Holders of the Notes to increase the principal amount of Notes under this Indenture and issue such increased
principal amount (or any portion thereof), in which case any Additional Notes so issued will have the same form and terms (other than the Issue Date, offering price and, under certain circumstances, CUSIP/ISIN number and date from which interest
thereon will begin to accrue), and will carry the same right to receive accrued and unpaid interest, as the Initial Notes, and such Additional Notes will form a single class with the Initial Notes, including for voting purposes. 

  
 15 

 With respect to any Additional Notes, the Company shall set forth in a resolution of the
Board of Directors and an Officers’ Certificate, a copy of each of which shall be delivered to the Trustee, the following information: 
  

	 	(1)	the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; and 

 

	 	(2)	the issue price, the issue date and the CUSIP numbers of such Additional Notes. 

 ARTICLE THREE. 
 REDEMPTION AND PREPAYMENT 

SECTION 3.01. Notices to Trustee. If the Company elects to redeem prior to the Stated Maturity thereof all or part of the Notes
pursuant to the terms of the Notes, it shall notify the Trustee of the paragraph of the Notes and/or Section of this Indenture pursuant to which the redemption shall occur, the Redemption Date and the principal amount of Notes to be redeemed plus
accrued interest, if any, to but not including the Redemption Date and the Redemption Price. The Company shall give such notice to the Trustee at least 45 days before the Redemption Date (or such shorter notice as may be acceptable to the Trustee).

 SECTION 3.02. Selection of Notes to be Redeemed. If less than all of the Notes are to be redeemed or purchased in an
offer to purchase at any time, the Trustee shall select the Notes to be redeemed or purchased on a pro rata basis, by lot or by such other method as the Trustee shall deem fair and appropriate. 

No Notes of $2,000 of principal amount or less will be redeemed in part. Except as provided in the preceding sentence, provisions of this
Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The Trustee shall make the selection at least 30 days but not more than 60 days before the Redemption Date from outstanding Notes not
previously called for redemption. 
 If any Note is to be redeemed in part only, the notice of redemption that relates to such
Note shall state the portion of the principal amount of that Note to be redeemed. A new Note in principal amount equal to the unredeemed portion of the original Note presented for redemption will be issued in the name of the Holder thereof upon
cancellation of the original Note. Notes called for redemption become irrevocably due on the date fixed for redemption at the applicable Redemption Price, plus accrued and unpaid interest to, but not including, the Redemption Date. On and after the
Redemption Date, unless the Company defaults in paying the applicable Redemption Price, interest ceases to accrue or accrete on Notes or portions of them called for redemption. 

SECTION 3.03. Notice of Redemption. At least 30 days but not more than 60 days before a Redemption Date, the Company shall mail or
cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address. 
 The notice shall identify the principal amount of Notes to be redeemed and shall state: 
 (1) the Redemption Date; 
 (2) the Redemption Price, including
interest accrued and unpaid to the date fixed for redemption; 
 (3) if any Note is being redeemed in part, the
portion of the principal amount of such Note to be redeemed and that, after the Redemption Date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original
Note; 
 (4) the name and address of the Paying Agent; 

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

(6) that, unless the Company defaults in paying such Redemption Price, interest on Notes (or portion thereof) called for
redemption ceases to accrue on and after the Redemption Date; 

  
 16 

 (7) the paragraph of the Notes and/or provision of this Indenture or any
supplemental indenture pursuant to which the Notes called for redemption are being redeemed; 
 (8) the CUSIP
number and ISIN, if any, printed on the Notes being redeemed; and 
 (9) that no representation is made as to the
correctness or accuracy of the CUSIP number or ISIN, if any, contained in such notice or printed on the Notes and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be
affected by any defect in or omission of such numbers. 
 At the Company’s written request, the Trustee shall give the
notice of redemption in the Company’s name and at its expense; provided, however, that the Company shall have delivered to the Trustee, at least 45 days prior to the Redemption Date (or such shorter notice as may be acceptable to the
Trustee), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as required by this Section 3.03. 

SECTION 3.04. Effect of Notice of Redemption. Once notice of redemption is mailed in accordance with Section 3.03 hereof,
Notes called for redemption become irrevocably due and payable on the Redemption Date at the Redemption Price plus accrued and unpaid interest to, but not including, the Redemption Date. A notice of redemption may not be conditional. 

Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder.

 SECTION 3.05. Deposit of Redemption Price. On or before 10:00 a.m. (New York City time) on the Redemption Date, the
Company shall deposit with the Trustee or with the Paying Agent (or, if the Company or a Subsidiary of the Company is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the Redemption Price of, and accrued interest on, all
Notes to be redeemed on that date, other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation. The Trustee or the Paying Agent shall as promptly as practicable return to the
Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the Redemption Price of, and accrued interest on, all Notes to be redeemed. If such money is then held by the Company in trust
and is not required for such purpose it shall be discharged from such trust. In addition, if any money deposited with the Trustee or with the Paying Agent, or held by the Company, in respect of any redemption of Notes remains unclaimed for two years
after the applicable Redemption Date, such money shall be handled in accordance with Section 8.06. 
 If the Company
complies with the provisions of the preceding paragraph, on and after the Redemption Date, interest shall cease to accrue on the Notes or the portions of the Notes called for redemption. If a Note is redeemed on or after a Regular Record Date but on
or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Note was registered at the close of business on such Regular Record Date. If any Note called for redemption shall not
be so paid upon surrender for redemption because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the Redemption Date until such principal is paid, and, to the extent lawful,
on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes. 
 SECTION 3.06. Notes
Redeemed in Part. Upon surrender of a Note that is redeemed in part, the Company shall execute and, upon the Company’s written request, the Trustee shall authenticate for the Holder (at the Company’s expense) a new Note equal in
principal amount to the unredeemed portion of the Note surrendered. 
 SECTION 3.07. Optional Redemption. Prior to
October 14, 2020, the Notes will be redeemable, in whole, at any time, or in part, from time to time, at the Company’s option upon not less than 30 nor more than 60 days’ notice at a Redemption Price, plus accrued and unpaid interest
to, but not including, the Redemption Date, equal to the greater of: 
  

	 	•	 	 100% of the principal amount thereof, or 

  
 17 

  

	 	•	 	 the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date on a semiannual
basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Yield plus 25 basis points. 

 On or after October 14, 2020, the Notes will be redeemable, in whole at any time or in part from time to time, at the Company’s option upon not less than 30 nor more than 60 days’ notice at
a Redemption Price equal to 100% of the principal amount thereof plus accrued and unpaid interest to, but not including, the Redemption Date. 
 In addition, the Company may at any time purchase Notes by tender, in the open market or by private agreement, subject to applicable law. 

SECTION 3.08. Sinking Fund. The Notes will not have the benefit of any sinking fund. 

SECTION 3.09. Change of Control. (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has
exercised its right to redeem the Notes pursuant to Section 3.07, the Company will make an offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (in integral multiples of $1,000) of each Holder’s
Notes at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, on the Notes repurchased, to but not including the date of purchase, subject to the rights of holders of Notes on the
relevant Regular Record Date to receive interest due on the relevant Interest Payment Date (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event, or at the Company’s option, prior to
any Change of Control but after the public announcement of the pending Change of Control, the Company shall, by first class mail, send a notice to Holders of the Notes (with a copy to the Trustee) describing the transaction or transactions that
constitute the Change of Control Triggering Event, stating: 
  

	 	(1)	that the Change of Control Offer is being made pursuant to this Section 3.09 and that all Notes tendered will be accepted for payment; 

 

	 	(2)	the purchase price and the purchase date, which shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of
Control Payment Date”); 

  

	 	(3)	that any Note not tendered will continue to accrue interest; 

  

	 	(4)	that, unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to
accrue interest on and after the Change of Control Payment Date; 

  

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

  

	 	(6)	that Holders will be entitled to withdraw their election if the Paying Agent receives, no later than the close of business on the second Business Day preceding the
Change of Control Payment Date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the Notes
purchased; 

  

	 	(7)	that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which
unpurchased portion must be equal to $2,000 in principal amount or an integral multiple thereof; and 

  
 18 

  

	 	(8)	if such notice is mailed prior to the consummation of the Change of Control, that the Change of Control Offer is conditioned on the Change of Control being consummated
on or prior to the Change of Control Payment Date. 

 (b) The Company will comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the
extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 3.09, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its
obligations under this Section 3.09 by virtue of such compliance. 
 (c) On the Change of Control Payment Date, the Company
will, to the extent lawful, 
  

	 	(1)	accept for payment all Notes or portions thereof properly tendered and not withdrawn 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 accepted for payment; and

  

	 	(3)	deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officer’s Certificate stating the aggregate principal amount of Note
or portions of Notes being purchased by the Company. 

 (d) The Paying Agent will promptly mail to each Holder of
Notes accepted for payment the Change of Control Payment for such Notes deposited pursuant to (c)(2) above, 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 principal amount of $2,000 and or any integral multiple of $1,000. The Company will publicly announce the results of the Change of Control
Offer on or as soon as practicable after the Change of Control Payment Date. Except as described above with respect to a Change of Control, this Indenture does not contain provisions that permit Holders of the Notes to require the Company to
repurchase or redeem the Notes in the event of a takeover, recapitalization or similar transaction. 
 (e) Notwithstanding
anything to the contrary in this Section 3.09, the Company shall 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 Section 3.09 and purchases all Notes validly tendered and not withdrawn under the Change of Control Offer; or (2) notice of redemption has been given pursuant to
Section 3.07 hereof, unless and until there is a default in the payment of the applicable Redemption Price. 
 ARTICLE FOUR.

 COVENANTS 
 SECTION 4.01. Payment of Notes. The Company covenants and agrees for the benefit of the Holders of the Notes that it will duly and punctually make all payments of principal of, premium, if any, on
and interest, if any, on the Notes on the dates and in the manner provided in the Notes and this Indenture. Such payments shall be considered made on the date due if on such date the Trustee or the Paying Agent holds, in accordance with this
Indenture, money sufficient to make all payments of principal of, premium, if any, on and interest, if any, then due on the Notes. 

  
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 SECTION 4.02. SEC Reports. Notwithstanding that the Company may not be subject to the
reporting requirements of Section 13 or 15(d) of the Exchange Act, so long as any Notes are outstanding, the Company shall timely file with the SEC and, if requested by the Trustee, furnish to the Trustee and the Holders within 15 days after
filing with the SEC copies of such annual reports and such information, documents and other reports as are specified in Sections 13 and 15(d) of the Exchange Act and applicable to a U.S. corporation subject to such Sections, provided,
however, that the Company will not be so obligated to file such information, documents and reports with the SEC if the SEC does not permit such filings. 
 Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information
contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

SECTION 4.03. Compliance Certificate. The Company shall deliver to the Trustee within 120 days after the end of each fiscal year
of the Company an Officers’ Certificate stating that in the course of the performance by the signers of their duties as Officers of the Company they would normally have knowledge of any Default and whether or not the signers know of any Default
that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Company is taking or propose to take with respect thereto. 

SECTION 4.04. Further Instruments and Acts. The Company shall execute and deliver to the Trustee such further instruments and do
such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

SECTION 4.05. Corporate Existence. Subject to Article Five hereof, the Company shall do or cause to be done all things necessary
to preserve and keep in full force and effect: 
 (1) its corporate existence in accordance with its
organizational documents (as the same may be amended from time to time) and 
 (2) the rights (charter and
statutory), licenses and franchises of the Company; provided, however, that the Company shall not be required to preserve any such right, license or franchise if the Board of Directors shall determine that the preservation thereof is no
longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole. 
 SECTION 4.06.
Limitations on Liens. The Company shall not, and shall not permit any of its Subsidiaries to, create, incur, issue, assume or guarantee any debt of the Company or any of its Subsidiaries secured by a Lien (other than Permitted Liens) upon any
shares of stock, indebtedness, property or other assets (other than deposit accounts, inventory, accounts receivable or the proceeds therefrom), without making effective provision to secure all of the Notes, equally and ratably with any and all
other debt thereby secured, so long as any of such debt shall be so secured. 
 SECTION 4.07. Limitation on Sale and
Leaseback Transactions. The Company shall not, and shall not permit any Subsidiary of the Company to, enter into any arrangement with any Person providing for the leasing by the Company or any Subsidiary of the Company of any property or assets
that have been or are to be sold or transferred by the Company or such Subsidiary of the Company to such Person, with the intention of taking back a lease of such property or assets (a “Sale and Leaseback Transaction”) unless
either: 
 (a) within 12 months after the receipt of the proceeds of the sale or transfer, the Company or any Subsidiary of the
Company applies an amount equal to the greater of the net proceeds of the sale or transfer or the fair value (as determined in good faith by the Company’s Board of Directors) of such property or assets at the time of such sale or transfer to
the prepayment or retirement (other than any mandatory prepayment or retirement) of Senior Funded Debt; or 

  
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 (b) the Company or such Subsidiary of the Company would be entitled, at the effective date
of the sale or transfer, to incur debt secured by a Lien on such property or assets in an amount at least equal to the Attributable Debt in respect of the Sale and Leaseback Transaction, without equally and ratably securing the Notes pursuant to
Section 4.06. 
 The foregoing restriction in the paragraph above shall not apply to any Sale and Leaseback Transaction
(i) for a term of not more than three years including renewals; (ii) between the Company and a Subsidiary of the Company or between Subsidiaries of the Company, provided that the lessor is the Company or a wholly owned Subsidiary of the
Company; or (iii) entered into within 180 days after the later of the acquisition or completion of construction of the subject property or assets. 
 SECTION 4.08. Maintenance of Office or Agency. The Company shall maintain an office or agency (which may be an office of the Trustee, an affiliate of the Trustee or Registrar) where the Notes may
be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company 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 Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee. 
 The Company also may 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 Company of its obligation to maintain an office or agency for such purposes. The Company 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. 
 With respect to any Global Note, the Corporate Trust Office for the Trustee shall be the place of payment where such
Global Note may be presented or surrendered for payment or for registration of transfer or exchange, or where successor Notes may be delivered in exchange therefore; provided, however, that any such payment, presentation, surrender or delivery
effected pursuant to the procedures of the Depositary for such Global Note shall be deemed to have been effected at the place of payment for such Global Note in accordance with the provisions of this Indenture. 

The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in accordance with
Section 2.05 hereof. 
 SECTION 4.09. Subsidiary Guarantees. If on or after the date of this Indenture, a Subsidiary
of the Company incurs or guarantees obligations under the Revolving Credit Facility or incurs or guarantees obligations under any other Credit Facility Debt or Capital Markets Debt of the Company or any of the Subsidiary Guarantors, if such
Subsidiary of the Company is not already a Subsidiary Guarantor, the Company shall cause such Subsidiary, within 30 days to (a) execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit B hereto
pursuant to which such Subsidiary shall fully and unconditionally guarantee all of the Company’s obligations under this Indenture, including the prompt payment in full when due of the principal of, premium on, if any, interest and, without
duplication, defaulted interest, if any, on the Notes and all other amounts payable by the Company thereunder and hereunder, subject to any applicable grace period, whether at maturity, by acceleration or otherwise, and interest on any overdue
principal and any overdue interest on the Notes and all other obligations of the Company to the Holders or the Trustee hereunder or under the Notes on the terms set forth in Article Ten, and (b) deliver to the Trustee an opinion of counsel to
the effect that (i) such supplemental indenture and guarantee of the Notes has been duly executed and authorized and (ii) such supplemental indenture and guarantee of the notes constitutes a valid, binding and enforceable obligation of
such Subsidiary of the Company, except insofar as enforcement thereof may be limited by bankruptcy, insolvency or similar laws and except insofar as enforcement thereof is subject to general principles of equity. Any such Guarantee of the Notes
shall be equal in ranking (“pari passu”) or senior in right of payment with the Guarantee or other obligation giving rise to the obligation to guarantee the Notes. 

  
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 ARTICLE FIVE. 
 SUCCESSOR COMPANIES 
 SECTION 5.01. Merger, Consolidation or Sale of
Assets of the Company. The Company shall not merge, consolidate or amalgamate with or into any other Person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of its property in one transaction or series of
related transactions unless: 
 (a) the Company shall be the surviving Person (the “Surviving Person”) or the
Surviving Person (if other than the Company) formed by such merger, consolidation or amalgamation or to which such sale, transfer, assignment, lease, conveyance or disposition is made shall be a corporation organized and existing under the laws of
the United States of America, any State thereof or the District of Columbia; 
 (b) the Surviving Person (if other than the
Company) expressly assumes, by supplemental indenture in the form reasonably satisfactory to the Trustee, executed and delivered to the Trustee by such Surviving Person, the due and punctual payment of the principal of, and premium, if any, and
interest on, all Notes outstanding, according to their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture to be performed by the Company; 

(c) immediately before and immediately after giving effect to such transaction or series of related transactions, no Default or Event of
Default shall have occurred and be continuing; and 
 (d) the Company shall deliver, or cause to be delivered, to the Trustee,
an Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and the supplemental indenture, if any, in respect thereto comply with this Section 5.01 and that all conditions precedent in this Indenture relating to
such transaction have been complied with. 
 For the purposes of this Section 5.01, the sale, transfer, assignment, lease,
conveyance or other disposition of all the property of one or more Subsidiaries of the Company, which property, if held by the Company instead of such Subsidiaries, would constitute all or substantially all the property of the Company on a
consolidated basis, shall be deemed to be the transfer of all or substantially all the property of the Company. 
 SECTION 5.02.
Merger, Consolidation or Sale of Assets of Subsidiary Guarantors. Unless the Subsidiary Guarantee of the applicable Subsidiary Guarantor is permitted to be released in connection with such transaction pursuant to Section 10.04, such
Subsidiary Guarantor shall not merge, consolidate or amalgamate with or into any other person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all its property in any one transaction or series of related
transactions unless: 
 (1) such Subsidiary Guarantor shall be the surviving person (the “Surviving
Guarantor”) or the Surviving Guarantor (if other than such Subsidiary Guarantor) formed by such merger, consolidation or amalgamation or to which such sale, transfer, assignment, lease, conveyance or disposition is made shall be a
corporation, limited partnership or limited liability company organized and existing under the laws of the U.S., any State thereof or the District of Columbia; 
 (2) the Surviving Guarantor (if other than such Subsidiary Guarantor) expressly assumes, by supplemental indenture in the form reasonably satisfactory to the Trustee, executed and delivered to the Trustee
by such Surviving Guarantor, such Subsidiary Guarantor’s guarantee of the due and punctual payment of the principal of, and premium, if any, and interest on, all the Notes outstanding, according to their tenor, and the due and punctual
performance and observance of all the covenants and conditions of this Indenture to be performed by such Subsidiary Guarantor; 
 (3) immediately before and immediately after giving effect to such transaction or series of related transactions, no Default or Event of Default shall have occurred and be continuing; and 

  
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 (4) the Company shall deliver, or cause to be delivered, to the Trustee, an
Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and the supplemental indenture, if any, in respect thereto comply with this Section 5.02 and that all conditions precedent in this Indenture relating to
such transaction have been complied with. 
 Notwithstanding the provisions of Section 5.01 and this 5.02, (i) any
Subsidiary may merge, consolidate or amalgamate with or into or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all its property to the Company or a Subsidiary Guarantor and (ii) the Company may merge with an
Affiliate incorporated solely for the purpose of and with the sole effect of reincorporating or reorganizing the Company in another state of the United States. 
 SECTION 5.03. Surviving Person Substituted. (a) In case of any such consolidation, amalgamation, merger, sale, conveyance, assignment, transfer, lease or other disposition and upon the
assumption by the successor entity, by supplemental indenture, executed and delivered to the Trustee and reasonably satisfactory in form to the Trustee, of the due and punctual payment of the principal of, premium, if any, and interest on all of the
Notes outstanding and the due and punctual performance of all of the covenants and conditions of this Indenture or established with respect to the Notes pursuant to Section 2.02 to be performed by the Company or a Subsidiary Guarantor, as the
case may be, such successor entity shall succeed to and be substituted for and may exercise every right and power of the Company or a Subsidiary Guarantor, as the case may be, under this Indenture with the same effect as if it had been named as the
Company or a Subsidiary Guarantor, as the case may be, herein, and thereupon the predecessor entity shall be relieved of all obligations and covenants under this Indenture and the Notes. 

(b) In case of any such consolidation, amalgamation, merger, sale, conveyance, assignment, transfer, lease or other disposition such
changes in phraseology and form (but not in substance) may be made in the Notes thereafter to be issued as may be appropriate. 

ARTICLE SIX. 

DEFAULTS AND REMEDIES 
 SECTION 6.01. Events of Default. Each of the following constitutes an “Event of Default” with respect to the Notes: 

(1) default in the payment of principal of or premium, if any, on any Note when due at its maturity, upon optional
redemption, upon required purchase or otherwise; 
 (2) default in the payment of interest when due on the Notes
within 30 days of when such amount becomes due and payable; 
 (3) the Company fails to comply with any of its
covenants or agreements in the Notes or this Indenture (other than a failure that is subject to the foregoing clauses (1) or (2)) and such failure continues for 60 consecutive days after receipt by the Company of written notice of the
Default by the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, which notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of
Default”; 
 (4) debt for money borrowed of the Company or any Subsidiary Guarantor is not paid within
any applicable grace period after final maturity or is accelerated by the holders thereof because of a default, and in each case the total amount of such debt unpaid or accelerated exceeds $75.0 million or its Foreign Currency equivalent at the time
without such debt having been discharged or acceleration having been rescinded or annulled within 10 consecutive days after receipt by the Company of written notice of the default by the Trustee or Holders of not less than 25% in aggregate principal
amount of the Notes then outstanding; 

  
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 (5) the Company or any Subsidiary Guarantor pursuant to or within the
meaning of any 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; or 

(D) makes a general assignment for the benefit of its creditors; 
 or takes any comparable action under any foreign laws relating to insolvency; 
 (6) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A) is for relief against the Company or any Subsidiary Guarantor in an involuntary case; 
 (B) appoints a Custodian of the Company or any Subsidiary Guarantor or for all or substantially all of its property; or 

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

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

(7) Except as permitted pursuant to Section 10.04, any Subsidiary Guarantee shall be held in any judicial proceeding
to be unenforceable or invalid or shall cease for any reason to be in full force and effect, or any Subsidiary Guarantor, or any person acting on its behalf, should deny or disaffirm its obligations under its Subsidiary Guarantee. 

The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or
involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

The term “Custodian” means, for the purposes of this Article Six, any receiver, trustee, assignee, liquidator, custodian
or similar official under any Bankruptcy Law. 
 The Company shall deliver to the Trustee, within 30 days after the occurrence
thereof, written notice in the form of an Officers’ Certificate of any event which with the giving of notice or the lapse of time or both would become an Event of Default, its status and what action the Company is taking or proposes to take
with respect thereto. 
 SECTION 6.02. Acceleration. (a) If an Event of Default with respect to the Notes at the
time outstanding (other than an Event of Default specified in Section 6.01(5) or (6) with respect to the Company or any Subsidiary Guarantor) occurs and is continuing, the Trustee or the Holders of not less than 25% in aggregate principal
amount of the outstanding Notes by notice to the Company in writing (and to the Trustee, if given by Holders of the Notes) specifying the Event of Default, may declare the principal amount of, premium, if any, and accrued and unpaid interest to, but
not including, the date of acceleration on all the Notes to be due and payable. Upon such a declaration, such amounts shall be due and payable immediately. If an Event of Default specified in Section 6.01(5) or (6) with respect to the
Company or any Subsidiary Guarantor occurs, the principal amount of, premium, if any, and accrued and unpaid interest to, but not including, the date of such Event of Default on all the Notes shall ipso facto become and be immediately due and
payable without any declaration or other act on the part of the Trustee or any Holder. 
 (b) At any time after the principal of
the Notes shall have been so declared due and payable (or shall have become immediately due and payable), and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Holders of
a majority in aggregate 

  
 24 

 
principal amount of the Notes then outstanding, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences, and waive such Event of Default, if
any and all Events of Default under this Indenture with respect to such Notes, other than the nonpayment of principal, premium, or interest on Notes that shall not have become due by their terms, shall have been cured or waived as provided in
Section 6.04. No such rescission shall affect any subsequent Default or impair any right consequent thereto. 

Notwithstanding the preceding paragraph, in the event of a declaration of acceleration in respect of the Notes because of an Event of
Default specified in clause (4) shall have occurred and be continuing (excluding any resulting payment default under this Indenture or the Notes), such declaration of acceleration shall be automatically annulled if (i) the default under
the debt that is the subject of such Event of Default has been cured by the Company or the Subsidiary Guarantor or has been waived by the holders thereof or (ii) the holders of the debt that is the subject of such Event of Default have
rescinded their declaration of acceleration in respect of such debt, and written notice of such cure, waiver or rescission shall have been given to the Trustee by the Company and countersigned by the holders of such debt or a trustee, fiduciary or
agent for such holders, within 20 days after such declaration of acceleration in respect of the Notes and if the annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction, and no
other Event of Default exists or has occurred during such 20-day period which has not been cured or waived during such period. 

SECTION 6.03. Other Remedies. If an Event of Default with respect to any Notes occurs and is continuing, the Trustee may pursue
any available remedy to collect the payment of the principal amount of, premium, if any, and accrued and unpaid interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may institute and maintain a suit or legal 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 with respect to any Notes shall not impair the right or remedy or constitute a waiver of or acquiescence in
the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative. 
 SECTION 6.04.
Waiver of Past Defaults. The Holders of a majority in principal amount of the Notes by written notice to the Trustee may waive an existing Default and its consequences except a continuing Default in the payment of the principal amount of,
premium, if any, and accrued and unpaid interest on a Note. When a Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or impair any consequent right. For the avoidance of doubt, subject to
Section 6.02 hereof and this Section 6.04, the Holders of a majority in aggregate principal amount of the then outstanding Notes may rescind an acceleration and its consequences, including any related payment default that resulted from
such acceleration. 
 SECTION 6.05. Control by Majority. The Holders of a majority in aggregate principal amount of the
then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee with respect to the Notes. However, the Trustee may refuse
to follow any direction that conflicts with law or this Indenture or, subject to Section 7.01, that the Trustee determines is unduly prejudicial to the rights of any other Holder of the Notes or that would subject the Trustee to personal
liability; provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any action hereunder, the Trustee shall be entitled to indemnity reasonably
satisfactory to it against all losses and expenses caused by taking or not taking such action. 
 SECTION 6.06. Limitation on
Suits. Except to enforce the right to receive payment of the principal amount of, premium, if any, and accrued and unpaid interest on a Note when due, as provided in Section 6.07, no Holder of a Note may pursue any remedy with respect to
this Indenture or the Notes unless: 
 (i) the Holder previously gave the Trustee written notice stating that an Event of
Default with respect to the Notes is continuing; 
 (ii) the Holders of at least 25% in aggregate principal amount of the
outstanding Notes make a written request to the Trustee to pursue the remedy; 

  
 25 

 (iii) such Holder or Holders of the Notes offer to the Trustee security or indemnity
reasonably satisfactory to it to the Trustee against any loss, liability or expense; 
 (iv) the Trustee does not comply with
the request within 60 days after receipt of the request and the offer of security or indemnity; and 
 (v) the Holders of a
majority in aggregate principal amount of the outstanding Notes do not give the Trustee a written direction inconsistent with the request during such 60-day period. 
 It is understood and intended and expressly covenanted by the taker and holder of every Note, with every other taker and holder with the Trustee that a Holder of Notes may not use this Indenture to
prejudice the rights of another Holder of the Notes or to obtain a preference or priority over another Holder of the Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or
forbearances are unduly prejudicial to such Holders). 
 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 the principal amount of, premium, if any, and accrued and unpaid interest on the Notes held by such Holder, on or after their respective Maturity,
or to bring suit for the enforcement of any such payment on or after their respective Maturity, shall not be impaired or affected without the consent of such Holder. 
 SECTION 6.08. Collection Suit by Trustee. If an Event of Default specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own name and as
trustee of an express trust against the Company for the whole amount of principal, premium, if any, and interest, if any, then due and owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in
Section 7.07. 
 SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other
papers or documents as may be necessary or advisable in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company, its creditors or its property and, unless prohibited by law or applicable
regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make payments to the
Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and its counsel, and any other amounts due the Trustee under Section 7.07. 
 SECTION 6.10. Priorities. If the
Trustee collects any money or property pursuant to this Article Six with respect to the Notes, it shall pay out the money or property in the following order: 
 FIRST: to the Trustee for amounts due under Section 7.07; 
 SECOND: to Holders
for amounts due and unpaid on the Notes for the principal amount of, premium, if any, and accrued and unpaid interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for the principal
amount of, premium, if any, and accrued and unpaid interest, respectively; and 
 THIRD: to the Company or to such party as a
court of competent jurisdiction shall direct, including a Subsidiary Guarantor. 
 The Trustee may fix a record date and payment
date for any payment to Holders pursuant to this Section. At least 15 days before such record date, the Trustee shall mail to each Holder and the Company a notice that states the record date, the payment date and amount to be paid. 

SECTION 6.11. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its 

  
 26 

 
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 6.11 does not apply to a suit by the
Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of the then outstanding Notes. 
 SECTION 6.12. Waiver of Stay or Extension Laws. Neither the Company nor any Subsidiary Guarantor (to the extent the Company or such Subsidiary Guarantor may lawfully do so) shall at any time insist
upon, plead, or in any manner whatsoever claim to take the benefit or advantage of, any stay or extension law, wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the
Company and each Subsidiary Guarantor (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but
shall suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE SEVEN. 

TRUSTEE 

SECTION 7.01. Duties of Trustee. (a) If an Event of Default has occurred and is continuing with respect to the Notes, the
Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise thereof 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 with respect to the Notes: 

(1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture
with respect to the Notes, as modified or supplemented by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate 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, with respect to the Notes, 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. 

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

 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer
unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee
shall not be liable with respect to any action it takes or omits to take in good faith in accordance with any remedy available to the Trustee, or by exercising any trust or power conferred upon the Trustee under this Indenture, or with a direction
received by it pursuant to Section 6.05. 
 (d) Every provision of this Indenture that in any way relates to the Trustee is
subject to paragraphs (a), (b) and (c) of this Section. 
 (e) The Trustee shall not be liable for interest on any
money received by it except as the Trustee may agree in writing with the Company. 
 (f) Money held in trust by the Trustee need
not be segregated from funds except to the extent required by law. 

  
 27 

 (g) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe that repayment of such funds or adequate indemnity against
such risk or liability is not reasonably assured to it. 
 (h) Every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section and to the provisions of the TIA. 
 SECTION 7.02. Rights of Trustee. (a) The Trustee may conclusively rely on any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need
not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting, it may
require an Officers’ Certificate or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel. 

(c) The Trustee may act through agents or attorneys 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
which it believes to be authorized or within its rights or powers; provided, however, that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e) The Trustee may consult with counsel of its choice, and the advice or opinion of counsel with respect to legal matters relating to
this Indenture and the Notes, shall be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel.

 (f) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall
be sufficient if signed by an Officer of the Company. 
 (g) The Trustee shall not be deemed to have notice of any Default or
Event of Default with respect to the Notes unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the
Trustee, and such notice references such Notes and this Indenture. Except for a Default under Section 6.01(1) or (2) hereof, the Trustee shall not be charged with actual knowledge of any Event of Default or Default unless the Trustee is
notified in writing of such Default or Event of Default by the Company or the Holders of at least 25% in the aggregate principal amount of all Notes then outstanding. 
 (h) The rights, privileges, protections, immunities and benefits given to the Trustee, including without limitation, its right to be indemnified, are extended to and shall be enforceable by, the Trustee
in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder; 
 (i) The Trustee
shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or
indemnity reasonably satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by the Trustee in compliance with such request or direction. 

(j) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such
facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the sole
cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

  
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 (k) The Trustee shall not be liable for any action taken, suffered, or omitted to be taken
by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture. 
 (l) 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. 
 (m) The Trustee may request that the Company deliver a certificate setting forth the names of individuals or titles of officers authorized at such time to take specified actions pursuant to this
Indenture. 
 (n) 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 in its individual or any other capacity may
become the owner or pledgee of Notes and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-paying agent may do the same with like rights. However, the
Trustee must comply with Sections 7.10 and 7.11. 
 SECTION 7.04. Trustee’s Disclaimer. The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes, and it shall not be responsible for any statement of
the Company in this Indenture, in the Notes, or in any document executed in connection with the sale of the Notes, other than those set forth in the Trustee’s certificate of authentication. 

SECTION 7.05. Notice of Defaults. If a Default with respect to the Notes occurs and is continuing and if it is actually known to a
Responsible Officer of the Trustee, the Trustee shall mail to each Holder of the Notes notice of the Default within 90 days after it occurs. The Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith
determines that withholding the notice is in the interests of Holders. 
 SECTION 7.06. Reports by Trustee to Holder. If
required by § 313(a) of the TIA within 60 days after each April 15 following the date of the Issue Date, for so long as Notes remain outstanding, the Trustee shall mail to each Holder a brief report dated as of such reporting date that
complies with § 313(a) of the TIA. The Trustee shall also comply with § 313(b) of the TIA. 
 A copy of each report at
the time of its mailing to Holders shall be filed with the SEC and each stock exchange (if any) on which the Notes are listed. The Company agrees to notify promptly the Trustee in writing whenever the Notes become listed on any stock exchange and of
any delisting thereof. 
 SECTION 7.07. Compensation and Indemnity. The Company shall pay to the Trustee from time to
time such compensation for its services as the Company and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall
reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred (including extraordinary services and expenses) or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall
include the reasonable compensation and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Company shall indemnify each of the Trustee and any predecessor Trustee against any and all loss,
liability, damage, claim or expense (including reasonable attorneys’ fees and expenses) incurred by or in connection with the administration of this trust and the performance of its duties hereunder; provided that the Company need not reimburse
any expense or indemnify against any loss, liability, damage, claim or expense incurred by an indemnified party through such party’s own negligence, willful 

  
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misconduct or bad faith. The Trustee shall notify the Company of any claim for which it may seek indemnity promptly upon obtaining actual knowledge thereof; provided, however, that any
failure so to notify the Company shall not relieve the Company of its indemnity obligations hereunder. 
 Notwithstanding
Section 4.06, to secure the Company’s payment obligations in this Section 7.07, the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee other than money or property held in trust to
pay the principal of and interest and any additional payments on the Notes. 
 When the Trustee incurs expenses after the
occurrence of a Default specified in Section 6.01(5) or (6) with respect to the Company, the expenses are intended to constitute expenses of administration under the Bankruptcy Law. The Company’s payment obligations pursuant to this
Section 7.07 shall survive the satisfaction or discharge of this Indenture or the resignation or removal of the Trustee. 

SECTION 7.08. Replacement of Trustee. The Trustee may resign at any time with respect to the Notes by so notifying the Company.
The Holders of a majority in principal amount of the Notes may remove the Trustee and may appoint a successor Trustee with respect to the Notes by so notifying the Trustee and the Company in writing not less than 30 days prior to the effective date
of such removal. The Company shall remove the Trustee if: 
 (a) the Trustee fails to comply with Section 7.10; 

(b) the Trustee is adjudged bankrupt or insolvent; 
 (c) a receiver or other public officer takes charge of the Trustee or its property; or 
 (d) the Trustee otherwise becomes incapable of acting. 
 If the Trustee resigns,
is removed by the Company or by the Holders of a majority in principal amount of the Notes and such Holders do not reasonably promptly appoint a successor Trustee or if a vacancy exists in the office of Trustee for any reason (the Trustee in such
event being referred to herein as the retiring Trustee), the Company shall promptly appoint a successor Trustee. 
 A successor
Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. 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, and thereupon the duties and obligations of the predecessor shall cease and terminate. The successor Trustee shall mail a notice of its succession to Holders of the Notes. The retiring Trustee
shall promptly, upon the payment of the fees and expenses owed to the retiring Trustee, transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.07. 

If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee or the
Holders of 10% in principal amount of the Notes may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee. 
 If the Trustee fails to comply with Section 7.10, any Holder of the Notes may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

 Notwithstanding the replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under
Section 7.07 shall continue for the benefit of the retiring Trustee. 
 SECTION 7.09. Successor Trustee by Merger.
If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any
further act shall be the successor Trustee. 

  
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 In case at the time such successor or successors by merger, conversion or consolidation to
the Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver
such Notes so authenticated; and if at that time any of the Notes shall not have been authenticated, any such successor to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the
Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall have. 

SECTION 7.10. Eligibility; Disqualification. The Trustee shall at all times satisfy the requirements of TIA § 310(a). The
Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b); provided, however, that there shall be excluded
from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Company are outstanding if the requirements for such exclusion set forth in
TIA § 310(b)(1) are met. 
 SECTION 7.11. Preferential Collection of Claims Against Company. The Trustee shall
comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or has been removed shall be subject to TIA § 311(a) to the extent indicated. 

ARTICLE EIGHT. 

LEGAL DEFEASANCE, COVENANT DEFEASANCE AND SATISFACTION AND DISCHARGE 

SECTION 8.01. Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors
evidenced by a resolution set forth in an Officers’ Certificate, at any time, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

 SECTION 8.02. Legal Defeasance and Discharge. Upon the Company’s exercise under Section 8.01 hereof of the
option applicable to this Section 8.02, the Company and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from their respective obligations with respect
to all outstanding Notes and Guarantees on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and
discharged the entire debt represented by the outstanding Notes, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in (a) and
(b) below, and to have satisfied all its other obligations under such Notes and this Indenture, including obligations of the Guarantors (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: 
 (a) the Company’s obligations with respect to the Notes under Sections 2.05, 2.06, 2.07, 2.08 and 2.09; 
 (b) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s obligations in connection therewith under Article Two and Article Seven (including, but not limited
to, the rights of the Trustee and the duties of the Company under Section 7.07, which shall survive despite the satisfaction in full of all obligations hereunder); and 
 (c) Sections 8.01, 8.02, 8.05, 8.06 and 8.07. 
 Subject to compliance with this
Article Eight, the Company may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof. 
 SECTION 8.03. Covenant Defeasance. Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 with respect to the Notes, the Company shall,
subject to the satisfaction 

  
 31 

 
of the conditions set forth in Section 8.04 hereof, be released from its obligations under the covenants contained in Section 3.09, Section 4.02, Section 4.05,
Section 4.06, Section 4.07, Section 4.09, Section 5.01 and Section 5.02 of this Indenture and from the operation of Section 6.01(4) of this Indenture, the bankruptcy provisions in Sections 6.01(5) and
Section 6.01(6) of this Indenture with respect to the Subsidiary Guarantors and Section 6.01(7) of this Indenture (hereinafter, “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 the outstanding Notes and Guarantees, the Company 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 hereof, but, except as specified above, the remainder of this Indenture and the
Notes shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof with respect to the Notes, subject to the satisfaction of the conditions set
forth in Section 8.04 hereof, Section 6.01(3) hereof (solely with respect to the covenants described in Sections 3.09, 4.02, 4.05, 4.06, 4.07, 5.01 and 5.02) and Sections 6.01(4) and 6.01(6) with respect to the Subsidiary Guarantors and
Section 6.01(7) shall not constitute an Event of Default with respect to the Notes. 
 SECTION 8.04. Conditions to Legal
or Covenant Defeasance. The following shall be the conditions to the application of either Section 8.02 or 8.03 hereof to the outstanding Notes: 
 In order to exercise either Legal Defeasance or Covenant Defeasance with respect to the Notes: 
 (1) the Company must irrevocably deposit in trust with the Trustee money or U.S. Government Obligations or a combination thereof for the payment of principal of and interest on the Notes to the Stated
Maturity or redemption, as the case may be; 
 (2) the Company shall have delivered to the Trustee a certificate
from a nationally recognized firm of independent registered public accountants expressing their opinion that the payments of principal and interest when due on the deposited U.S. Government Obligations plus any deposited money without investment
will provide cash at such times and in such amounts as will be sufficient to pay principal and interest when due on all the Notes to the Stated Maturity or redemption, as the case may be; 

(3) in the case of the legal defeasance option, 91 days pass after the deposit is made and during the 91-day period no
Default specified in Section 6.01(5) or (6) with respect to the Company or any other Person making such deposit occurs that is continuing at the end of the period; 

(4) no Default or Event of Default with respect to the Notes shall have occurred and be continuing on the date of such
deposit (other than, if applicable, a Default or Event of Default with respect to the Notes resulting from the borrowing of funds to be applied to such deposit); 

(5) such deposit does not constitute a default under any other agreement binding on the Company; 

(6) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the trust resulting from the
deposit does not require registration under the Investment Company Act of 1940, as amended; 
 (7) in the case of
Legal Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of this
Indenture there has been a change in the applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Notes will not recognize income, gain or loss for federal
income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred; 

  
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 (8) in the case of the Covenant Defeasance, the Company shall have delivered
to the Trustee an Opinion of Counsel to the effect that the Holders of the Notes will not recognize income, gain or loss for federal income tax purposes as a result of such covenant defeasance and will be subject to federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; and 
 (9) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to the Legal Defeasance or Covenant Defeasance, as
applicable, of the Notes as contemplated by this Article Eight have been complied with. 
 SECTION 8.05. Deposited Money and
U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. Subject to Section 8.06 hereof, all money and noncallable U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 or Section 8.08 hereof in respect of the outstanding Notes shall be held in trust and applied by the Trustee,
in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of the Notes of all sums due
and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or noncallable U.S. Government Obligations deposited pursuant to
Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Notes. 

Anything in this Article Eight to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
the request of the Company any money or noncallable U.S. Government Obligations held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(2) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or
Covenant Defeasance. 
 SECTION 8.06. Repayment to Company. Any money deposited with the Trustee or any Paying Agent, or
then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to
the Company on its request or, if then held by the Company, shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the
Company cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such
notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
 SECTION 8.07.
Reinstatement. If the Trustee or Paying Agent is unable to apply any Dollars or noncallable U.S. Government Obligations in accordance with Section 8.02, 8.03 or 8.08 hereof, as the case may be, by reason of any order or judgment of any
court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to
Section 8.02, 8.03 or 8.08 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02, 8.03 or 8.08 hereof, as the case may be; provided, however, that, if the Company
makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of the Notes to receive such payment from the money held by the
Trustee or Paying Agent. 

  
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 SECTION 8.08. Satisfaction and Discharge of Indenture. If at any time: (a) the
Company shall have delivered to the Trustee for cancellation all Notes theretofore authenticated (other than any Notes that shall have been destroyed, lost or stolen and that shall have been replaced or paid as provided in Section 3.07 and
Notes for whose payment money and/or U.S. Government Obligations have theretofore been deposited in trust or segregated and held in trust by the Company and thereupon repaid to the Company or discharged from such trust, as provided in
Section 8.06); or (b) all such Notes not theretofore delivered to the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one
year under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption, and the Company irrevocably deposits with the Trustee, in trust, for the benefit of the Holders of the Notes, cash in United States Dollars,
noncallable U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay at maturity or upon redemption all Notes not
theretofore delivered to the Trustee for cancellation, including principal of, premium, if any, and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause
to be paid all other sums payable hereunder with respect to such Notes by the Company, and shall have delivered to the Trustee an Opinion of Counsel and an Officers’ Certificate, each stating that all conditions precedent relating to the
satisfaction and discharge of this Indenture with respect to the Notes have been complied with, then this Indenture shall thereupon cease to be of further effect with respect to the Notes and the Guarantees except for: 

(a) in the case of clause (b) above, the Company’s obligations with respect to the Notes under Sections 2.05,
2.06, 2.07, 2.08 and 2.09; 
 (b) the rights, powers, trusts, duties and immunities of the Trustee hereunder and
the Company’s obligations in connection therewith (including, but not limited to, the rights of the Trustee and the duties of the Company under Section 7.07, which shall survive despite the satisfaction in full of all obligations
hereunder); and 
 (c) Sections 8.05, 8.06, 8.07 and 8.08, 

each of which shall survive until the Notes have been paid in full (thereafter, the Company’s obligations in Section 7.07 only shall survive).

 Upon the Company’s exercise of this Section 8.08, the Trustee, on demand of the Company and at the cost and expense
of the Company, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to the Notes. 
 ARTICLE NINE. 
 AMENDMENTS 

SECTION 9.01. Without Consent of Holders. The Company, the Subsidiary Guarantors and the Trustee may amend or supplement this
Indenture or the Notes without the consent of any Holder: 
 (a) to evidence the succession of another Person to the Company or
a Subsidiary Guarantor pursuant to Article Five and the assumption by such successor of the Company’s or such Subsidiary Guarantor’s covenants, agreements and obligations in this Indenture and in the Notes; 

(b) to provide for the issuance of Additional Notes in accordance with the limitations set forth herein; 

(c) to add Subsidiary Guarantees or security with respect to the Notes or confirm and evidence the release, termination or discharge of
any Subsidiary Guarantee or security interest in accordance with this Indenture; 

  
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 (d) to comply with the requirements of the SEC in connection with the qualification and
maintenance of qualification under the Trust Indenture Act and comply with the rules of any applicable securities depositary; to conform the text of this Indenture or the Notes or the Subsidiary Guarantees to any provision of the “Description
of the Notes” contained in the prospectus relating to the offer and sale of the Notes to the extent that such provision in the “Description of the Notes” was intended to be a verbatim recitation of a provision of this Indenture, or
the Notes or the Subsidiary Guarantees; 
 (e) to surrender any right or power conferred upon the Company or any Subsidiary
Guarantor by this Indenture, to add to the covenants of the Company or any Subsidiary Guarantor such further covenants, restrictions, conditions or provisions for the protection of the Holders of the Notes as the Board of Directors of the Company
shall consider to be for the protection of the Holders of the Notes, and to make the occurrence, or the occurrence and continuance, of a default in respect of any such additional covenants, restrictions, conditions or provisions a Default or an
Event of Default under this Indenture; provided, however, that with respect to any such additional covenant, restriction, condition or provision, such amendment may provide for a period of grace after default, which may be shorter or longer
than that allowed in the case of other Defaults, may provide for an immediate enforcement upon such Default, may limit the remedies available to the Trustee upon such Default or may limit the right of Holders of a majority in aggregate principal
amount of the Notes to waive such default; 
 (f) to cure any ambiguity or omission or correct or supplement any provision
contained in this Indenture, in any supplemental indenture or in any Notes that may be defective or inconsistent with any other provision contained therein; 
 (g) to convey, transfer, assign, mortgage or pledge any property to or with the Trustee, or to make such other provisions in regard to matters or questions arising under this Indenture as shall not
materially adversely affect the interests of any Holders of the Notes; 
 (h) to add or to change any of the provisions of this
Indenture to provide that Notes in bearer form may be registrable as to principal, to change or eliminate any restrictions on the payment of principal or premium with respect to Notes in registered form or of principal, premium or interest with
respect to Notes in bearer form, or to permit Notes in registered form to be exchanged for Notes in bearer form, so as to not adversely affect the interests of the Holders or any coupons of the Notes in any material respect or permit or facilitate
the issuance of Notes in uncertificated form; 
 (i) to make any change not otherwise specified in this Section 9.01 that
does not adversely affect the rights of any Holder in any material respect; 
 (j) to add to, change, or eliminate any of the
provisions of this Indenture with respect to the Notes, so long as any such addition, change or elimination not otherwise permitted under this Indenture shall (A) neither apply to the Notes created prior to the execution of such supplemental
indenture and entitled to the benefit of such provision nor modify the rights of the Holders of any such Notes with respect to the benefit of such provision or (B) become effective only when there is no such Notes outstanding; 

(k) to evidence and provide for the acceptance of appointment by a successor or separate Trustee with respect to the Notes and to add to
or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of this Indenture by more than one Trustee; or 
 (l) to establish the form or terms of the Notes and coupons pursuant to Article Two. 
 SECTION 9.02. With Consent of Holders. The Company, the Subsidiary Guarantors and the Trustee may amend this Indenture or the Notes without notice to any Holder but with the written consent of the
Holders of at least a majority in aggregate principal amount of the Notes then outstanding (including consents obtained in connection with a tender offer or exchange offer for the Notes) affected by such amendment. However, without the consent of
each Holder affected, an amendment may not: 
 (1) reduce the percentage of principal amount of the Notes whose
Holders must consent to an amendment, modification, supplement or waiver; 

  
 35 

 (2) reduce the rate of or extend the time for payment of interest on the
Notes; 
 (3) reduce the principal of or change the Stated Maturity of any Note; 

(4) reduce the Redemption Price of any Note or add redemption provisions to any Note; 

(5) make any Note payable in money other than that stated in this Indenture or the Note; 

(6) other than in accordance with this Indenture, eliminate any existing Subsidiary Guarantee of the Notes; 

(7) impair the right to receive, and to institute suit for the enforcement of any payment with respect to the Notes; or

 (8) after the time a Change of Control Offer is required to have been made, adversely affect the right of
repayment or repurchase at the option of a Holder of the Notes. 
 It shall not be necessary for the consent of the Holders
under this Section to approve the particular form of any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. After an amendment under this Section becomes effective, the Company shall mail to all affected
Holders a notice briefly describing such amendment. The failure to give such notice to all such Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section. 

SECTION 9.03. Compliance with Trust Indenture Act. Every amendment or supplement to this Indenture or the Notes shall comply with
the TIA as then in effect. 
 SECTION 9.04. Revocation and Effect of Consents and Waivers. A consent to an amendment or a
waiver by a Holder of a Note shall bind the Holder and every subsequent Holder of that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made on the Note.
However, any such Holder or subsequent Holder may revoke the consent or waiver as to such Holder’s Note or portion of the Note if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. After an
amendment or waiver becomes effective, it shall bind every Holder. An amendment or waiver becomes effective once both (i) the requisite number of consents have been received by the Company or the Trustee and (ii) such amendment or waiver
has been executed by the Company and the Trustee. 
 The Company may, but shall not be obligated to, fix a record date for the
purpose of determining the Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding
paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not
such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 
 SECTION 9.05. Notation on or Exchange of Notes. If an amendment changes the terms of the Notes, the Trustee may require the Holder of the Note to deliver it to the Trustee. The Trustee may place an
appropriate notation on the Note regarding the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Note shall issue and the Trustee shall authenticate a new Note that
reflects the changed terms. Failure to make the appropriate notation or to issue a new Note shall not affect the validity of such amendment. 
 SECTION 9.06. Trustee to Sign Amendments. The Trustee shall sign any amendment authorized pursuant to this Article Nine if the amendment does not adversely affect the rights, duties, liabilities or
immunities 

  
 36 

 
of the Trustee. If it does, the Trustee may but need not sign it. In signing such amendment the Trustee shall receive indemnity reasonably satisfactory to it and (subject to Section 7.02)
shall be fully protected in conclusively relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment is authorized or permitted by this Indenture. 

SECTION 9.07. Payment for Consent. Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or
cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is
offered to be paid to all Holders, ratably, that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement. 

ARTICLE TEN. 

SUBSIDIARY GUARANTEES 
 SECTION 10.01. Guarantee. Subject to the provisions of this Article Ten, each Subsidiary Guarantor in respect of the Notes hereby jointly and severally unconditionally guarantees, on a senior
unsecured basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors, irrespective of (i) the validity and enforceability of this Indenture, the Notes or the obligations of the Company or
any other Subsidiary Guarantors to the Holders of the Notes or the Trustee hereunder or thereunder or (ii) the absence of any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge
or default of a Subsidiary Guarantor, that: (a) the principal of, premium, if any, interest and defaulted interest with respect to the Notes shall be duly and punctually paid in full when due, whether at maturity, by acceleration or otherwise,
and interest on the overdue principal and (to the extent permitted by law) interest or defaulted interest with respect to the Notes and all other obligations of the Company or any Subsidiary Guarantor to the Holders of the Notes or the Trustee
hereunder or thereunder and all other obligations under this Indenture with respect to the Notes shall be promptly paid in full or performed, all in accordance with the terms of this Indenture and thereof and (b) in case of any extension of
time of payment or renewal of any Notes or any of such other obligations, the 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. Failing payment when due of any amount so guaranteed, or failing performance of any other obligation of the Company to the Holders of the Notes, for whatever reason, each Subsidiary Guarantor shall be obligated to pay, or to perform or
cause the performance of, the same immediately. An Event of Default under this Indenture or the Notes shall constitute an event of default under this Subsidiary Guarantee, and shall entitle the Holders of the Notes or the Trustee to accelerate the
obligations of the Subsidiary Guarantors of the Notes hereunder in the same manner and to the same extent as the obligations of the Company. 
 Each Subsidiary Guarantor, by execution of this Indenture, waives the benefit of diligence, presentment, demand for payment, filing of claims with a court in the event of insolvency or bankruptcy of the
Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that such Subsidiary Guarantee shall not be discharged except by complete performance of the obligations contained in this
Indenture and such Subsidiary Guarantee. This Subsidiary Guarantee is a guarantee of payment and not of collection. If any Holder or the Trustee is required by any court or otherwise to return to the Company or to any Subsidiary Guarantor, or any
custodian, trustee, liquidator or other similar official acting in relation to the Company or such Subsidiary Guarantor, any amount paid by the Company or such Subsidiary Guarantor to the Trustee or such Holder of the Notes, the Subsidiary
Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. Each Subsidiary Guarantor further agrees that, as between it, on the one hand, and the Holders of the Notes and the Trustee, on the other hand,
(a) subject to this Article Ten, the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Six of this Indenture for the purposes of the Subsidiary Guarantee, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the obligations guaranteed hereby and (b) in the event of any acceleration of such obligations as provided in Article Six of this Indenture, such obligations (whether or not due and
payable) shall forthwith become due and payable by the Subsidiary Guarantors for the purpose of such Subsidiary Guarantee. 

  
 37 

 The Subsidiary Guarantee shall remain in full force and effect and continue to be effective
should any petition be filed by or against the Company for liquidation or reorganization, should the Company 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 Company’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are pursuant to applicable law, rescinded or
reduced in amount, or must otherwise be restored or returned by any obligee on the Notes, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such payment or performance had not been made. In the
event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or
returned. 
 No shareholder, partner, manager, member, director, officer, employee, agent or incorporator, past, present or
future, of any Subsidiary Guarantor, as such, shall have any personal liability under this Subsidiary Guarantee by reason of his, her or its status as such partner, manager, member shareholder, director, officer, employee, agent or incorporator.

 SECTION 10.02. Limitation of Subsidiary Guarantee. The obligations of each Subsidiary Guarantor are limited to the
maximum amount as shall, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of
the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Subsidiary Guarantor under the Subsidiary Guarantee not
constituting a fraudulent conveyance or fraudulent transfer under federal or state law. Each Subsidiary Guarantor that makes a payment or distribution under a Subsidiary Guarantee shall be entitled to a contribution from each other Subsidiary
Guarantor in a pro rata amount based on the net assets of each Subsidiary Guarantor, determined in accordance with GAAP. 

SECTION 10.03. Waiver of Subrogation. Each Subsidiary Guarantor, by execution of this Indenture, waives to the extent permitted by
law any claim or other rights which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of such Subsidiary Guarantor’s obligations under this Indenture, including, without
limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of the Notes against the Company, whether or not such claim, remedy or right arises in equity, or
under contract, statute or common law, including, without limitation, the right to take or receive from the Company, directly or indirectly, in cash or other property or by set-off or in any other manner, payment on account of such claim or other
rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall have been deemed to have been paid to such Subsidiary Guarantor for the benefit
of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of
this Indenture. Each Subsidiary Guarantor, by execution of this Indenture, shall acknowledge that it shall receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the waiver set forth in this
Section 10.03 is knowingly made in contemplation of such benefits. 
 SECTION 10.04. Release of Subsidiary
Guarantee. Any Subsidiary Guarantee executed pursuant to Section 4.09 of this Indenture (including, without limitation, any Subsidiary Guarantee of the Notes issued as of the Issue Date), shall be automatically and unconditionally released
upon the release of the guarantee or the obligation that resulted in Section 4.09 of this Indenture becoming applicable (other than by reason of payment under such guarantee) without any action required on the part of the Trustee or any Holder
of the Notes upon such Subsidiary Guarantor ceasing to guarantee or be an obligor with respect to the Revolving Credit Facility or a guarantor or obligor under any other Credit Facility Debt or Capital Markets Debt of the Company or any of the
Subsidiary Guarantors. In addition, any Subsidiary Guarantee of this Indenture shall be automatically and unconditionally released upon: (i) upon the sale or other disposition (including by way of consolidation or merger), in one transaction or
a series of related transactions, of a majority of the total voting power of the capital stock or other interests of such Subsidiary Guarantor (other than to the Company or any Affiliate of the Company); or (ii) upon the sale or disposition of
all or substantially all the property of such Subsidiary Guarantor (other than to any Affiliate of the Company other than another Subsidiary Guarantor); provided, however, that, in each case, after giving effect to such transaction, such
Subsidiary is no longer liable for any guarantee or other obligations in respect 

  
 38 

 
of any Credit Facility Debt or Capital Markets Debt of the Company or any of its Subsidiaries. Any Subsidiary Guarantee also will be released if the Company exercises its Legal Defeasance or its
Covenant Defeasance option as set forth in Article Eight, or if the Company’s obligations under this Indenture are discharged as set forth in Section 8.08. The Company will give written notice as promptly as practicable to the Trustee of
the automatic release of any Subsidiary Guarantee pursuant to this Section 10.04. At the Company’s request, the Trustee will execute and deliver any documents, instructions or instruments evidencing any such release. 

ARTICLE ELEVEN. 

MISCELLANEOUS 
 SECTION 11.01. Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies or conflicts with another provision which is required to be included in this Indenture by the TIA,
the required provision shall control. Each Subsidiary Guarantor in addition to performing its obligations under its Subsidiary Guarantee shall perform such other obligations as may be imposed on it with respect to this Indenture under the TIA.

 SECTION 11.02. Notices. Any notice or communication shall be in writing (including facsimile and PDF transmission) and
delivered in person or mailed by first-class mail addressed as follows: 
 If to the Company or any Subsidiary Guarantor:

 O’Reilly Automotive, Inc. 
 233 South Patterson 
 Springfield, Missouri 65802 

Facsimile: 417-874-7102 
 Attention: Chief Financial Officer 
 If to the Trustee: 

UMB Bank, N.A. 
 1010 Grand Boulevard, 4th floor 
 Kansas City, Missouri 64106 

Facsimile: 816-860-3029 
 Attention: Corporate Trust 
 The Company, any Subsidiary Guarantor, or the Trustee
by notice to the other may designate additional or different addresses for subsequent notices or communications. 
 Any notice
or communication mailed to a Holder shall be mailed to the Holder at the Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 

Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.
If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 
 SECTION 11.03. Communication by Holders with Other Holders. Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Notes.
The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
 SECTION 11.04.
Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to the Trustee to take or refrain from taking any action under this Indenture, the Company shall furnish to the Trustee: 

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

  
 39 

 (2) an Opinion of Counsel in form and substance reasonably satisfactory to
the Trustee stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
 SECTION
11.05. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture shall include: 

(1) a statement that the individual 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 individual,
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 

(4) a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied
with. 
 SECTION 11.06. Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and,
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be
sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer
authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a signer acting in a capacity other than such
signer’s individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer’s authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing
the same, may also be proved in any other manner which the Trustee deems sufficient. 
 (c) The ownership of bearer securities
may be proved by the production of such bearer securities or by a certificate executed by any trust company, bank, banker or other depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at
the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the bearer securities therein described; or such facts may be proved by the certificate or affidavit of the Person holding such bearer securities, if
such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any bearer security continues until (i) another such certificate or affidavit bearing a later date issued
in respect of the same bearer security is produced, (ii) such bearer security is produced to the Trustee by some other Person, (iii) such bearer security is surrendered in exchange for a registered security or (iv) such bearer
security is no longer outstanding. The ownership of bearer securities may also be proved in any other manner which the Trustee deems sufficient. 

  
 40 

 (d) The ownership of registered securities shall be proved by the register maintained by the
Registrar. 
 (e) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of a Note
shall bind every future Holder of the same Note and the holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or
the Company in reliance thereon, whether or not notation of such action is made upon such a Note. 
 (f) If the Company shall
solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders
entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice,
consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite
proportion of outstanding Notes have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the outstanding Notes shall be computed as of such record date;
provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record
date. 
 (g) The Depositary, as a Holder, may appoint agents and otherwise authorize Participants to give or take any request,
demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under this Indenture. 
 SECTION 11.07. Rules by Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for action by or a meeting of Holders. The Registrar and the Paying Agent may make reasonable
rules for their functions. 
 SECTION 11.08. Governing Law. THIS INDENTURE, THE NOTES AND THE SUBSIDIARY GUARANTEES
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY.  
 SECTION 11.09. No Recourse Against Others. No shareholder, partner, manager, member, director, officer,
employee, agent or incorporator, as such, of the Company or any Subsidiary Guarantor, shall have any liability for any obligations of the Company under the Notes, the Subsidiary Guarantees or this Indenture or for any claim based on, in respect of
or by reason of such obligations or their creation. By accepting a Note (including the Subsidiary Guarantees), each Holder shall waive and release all such liability. This waiver and release shall be part of the consideration for the issuance of the
Notes. 
 SECTION 11.10. Successors. All agreements of the Company in this Indenture and the Notes shall bind its
successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 SECTION 11.11. Multiple
Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy of the Indenture is enough to prove this Indenture. The
exchange of copies of this Indenture and of signature pages by facsimile or 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. 

  
 41 

 SECTION 11.12. Table of Contents; Headings. The table of contents, cross-reference
sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof.

 SECTION 11.13. Severability. If any provision in this Indenture is deemed unenforceable, it shall not affect the
validity or enforceability of any other provision set forth herein, or of the Indenture as a whole. 
 SECTION 11.14. Force
Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without
limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and
hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

SECTION 11.15. U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot
Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a
relationship or opens an account 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 11.16. Electronic Transactions. The parties hereto agree that the transaction described herein may be
conducted and related documents may be stored by electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original
documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law. 

  
 42 

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

					
	O’REILLY AUTOMOTIVE, INC.
		
	By:	 	 /s/ Thomas McFall

		 	Name:	 	Thomas McFall
		 	Title:	 	Executive Vice President of Finance and Chief Financial Officer
	
	UMB BANK, N.A., as Trustee
		
	By	 	 /s/ Brent Keep

		 	Name:	 	Brent Keep
		 	Title:	 	Vice President

 [GUARANTOR SIGNATURES BEGIN ON
FOLLOWING PAGE] 

  
 [Indenture
- Signature Page] 

  

					
	O’REILLY AUTOMOTIVE STORES, INC.
	as Guarantor
		
	By:	 	 /s/ Thomas McFall

		 	Name:	 	Thomas McFall
		 	Title:	 	Executive Vice President of Finance and
		 		 	Chief Financial Officer
	
	OZARK AUTOMOTIVE DISTRIBUTORS, INC.
	 O’REILLY II AVIATION CORPORATION
 GREENE COUNTY REALTY CO.

	OZARK SERVICES, INC.
	as Guarantors
		
	By:	 	 /s/ Thomas McFall

		 	Name:	 	Thomas McFall
		 	Title:	 	Treasurer
	
	OZARK PURCHASING, LLC
	as Guarantor
		
	By:	 	Ozark Services, Inc., its sole member
		
	By:	 	 /s/ Thomas McFall

		 	Name:	 	Thomas McFall
		 	Title:	 	Treasurer
	
	CSK AUTO CORPORATION
	as Guarantor
		
	By:	 	 /s/ Thomas McFall

		 	Name:	 	Thomas McFall
		 	Title:	 	Treasurer and Chief Financial Officer
	
	CSK AUTO, INC.
	CSKAUTO.COM, INC.
	as Guarantors
		
	By:	 	 /s/ Thomas McFall

		 	Name:	 	Thomas McFall
		 	Title:	 	Treasurer and Chief Financial Officer

  
 [Indenture
- Signature Page] 

  

					
	OC HOLDING COMPANY, LLC
	as Guarantor
		
	By:	 	 O’Reilly Automotive Stores, Inc.,
 its sole member

		
	By:	 	 /s/ Thomas McFall

		 	Name:	 	Thomas McFall
		 	Title:	 	Executive Vice President of Finance and
		 		 	Chief Financial Officer

  
 [Indenture
- Signature Page] 

 Exhibit A 

  
 1 

 [FORM OF FACE OF SECURITY] 

[Global Notes Legend] 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK OR A NOMINEE OF DTC, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS 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 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. 

[Definitive Notes Legend] 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE
TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

  
 2 

 4.875% Senior Notes due 2021 

CUSIP: [—] 
 ISIN: [—] 
  

			
	No.	  	$[—]

 O’REILLY AUTOMOTIVE, INC. promises to pay to CEDE & CO. or registered assigns, the principal sum: $[—]
([—] DOLLARS AND NO CENTS), as such amount may be increased or decreased as set forth in the Schedule of Increase or Decrease in Principal Amount of Global Note attached hereto on January 14, 2021.

 Interest Payment Dates: January 14 and July 14, commencing on July 14, 2011. 
 Record Dates: January 1 and July 1. 
 Additional provisions of this Note are set forth on the
other side of this Note. 
 Dated: 
 IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed. 
  

					
	O’REILLY AUTOMOTIVE, INC.
		
	By	 	  

		 	Name:	 	
		 	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Notes of the series designated therein referred to in the within-mentioned Indenture. 
 Date of authentication: 
  

			
	UMB Bank, N.A., as Trustee
		
	By	 	  

		 	Authorized Signatory

  
 3 

 [FORM OF REVERSE SIDE OF NOTE] 

O’REILLY AUTOMOTIVE, INC. 
 4.875% Senior Notes due 2021 
  

	1.	Indenture  

 This Note is
one of a duly authorized issue of Notes of the Company, designated as its 4.875% Senior Notes due 2021 (herein called the “Notes,” which expression includes any additional notes issued pursuant to Section 2.18 of the Indenture (as
hereinafter defined)), issued and to be issued under an indenture, dated as of January 14, 2011 (herein called the “Indenture”), among O’REILLY AUTOMOTIVE, INC., a Missouri corporation (such company, and its successors and assigns
under the Indenture hereinafter referred to, being herein called the “Company”), THE SUBSIDIARY GUARANTORS listed on the signature pages to the Indenture and UMB Bank, N.A., as trustee (the “Trustee”), to which Indenture and all
indentures supplemental thereto relevant to the Notes reference is hereby made for a complete description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders of the Notes.
Capitalized terms used but not defined in this Note shall have the meanings ascribed to them in the Indenture. 
 The Indenture
imposes certain limitations on the ability of the Company and its Subsidiaries to create or incur Liens or engage in Sale and Leaseback Transactions, in each case, subject to some exceptions as set forth in the Indenture. The Indenture also imposes
certain limitations on the ability of the Company to merge, consolidate or amalgamate with or into any other person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of the property of the Company in any one
transaction or series of related transactions, in each case, subject to some exceptions as set forth in the Indenture. 
 Each
Note is subject to, and qualified by, all such terms as set forth in the Indenture certain of which are summarized herein and each Holder of a Note is referred to the corresponding provisions of the Indenture for a complete statement of such terms.
To the extent that there is any inconsistency between the summary provisions set forth in the Notes and the Indenture, the provisions of the Indenture shall govern. 
  

	2.	Interest 

 The Company
promises to pay interest on the principal amount of this Note at the rate per annum shown above. The Company will pay interest semiannually on January 14 and July 14 of each year, commencing July 14, 2011. Interest on the Notes will accrue from the
most recent date to which interest has been paid or, if no interest has been paid, from [date of original issue]. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 

 

	3.	Paying Agent, Registrar and Service Agent  

 Initially, the Trustee will act as Paying Agent, registrar and service agent. The Company may appoint and change any Paying Agent, registrar or co-registrar and service agent without notice. The Company
or any of its Subsidiaries may act as Paying Agent, registrar, co-registrar or service agent. 
  

	4.	Defaults and Remedies; Waiver  

 If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the outstanding Notes, subject to certain limitations, may declare all the
Notes due and payable immediately. In the case of an Event of Default resulting from certain events of bankruptcy, insolvency or reorganization, the principal (or such specified amount) and premium, if any, of all outstanding Notes will become and
be immediately due and payable without any declaration or other act by the Trustee or any Holder of outstanding Notes. 

Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the
Indenture or the Notes unless it receives reasonable indemnification. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Notes then outstanding may direct the Trustee in its exercise of any trust or power
under the Indenture. 

  
 4 

 At any time after the principal of the Notes shall have been so declared due and payable (or
have become immediately due and payable), and before any judgment or decree for the payment of the moneys due shall have been obtained or entered, the Holders of a majority in aggregate principal amount of the Notes then outstanding under the
Indenture, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if any and all existing Events of Default under the Indenture with respect to the Notes, other than the nonpayment of principal,
premium, or interest on Notes that shall not have become due by their terms, shall have been remedied or waived as provided in Section 6.04 of the Indenture. No such rescission shall affect any subsequent Default or impair any right consequent
thereto. 
 The Holders of a majority in principal amount of the Notes by notice to the Trustee may waive an existing Default
and its consequences except a Default in the payment of the principal amount of premium, if any, and accrued and unpaid interest on a Note. When a Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other
Default or impair any consequent right. 
  

	5.	Amendment  

 In addition
to any supplemental indenture otherwise authorized by the Indenture, the Company, the Subsidiary Guarantors and the Trustee may from time to time and at any time enter into supplemental indentures (which shall conform to the provisions of the Trust
Indenture Act as then in effect), without the consent of any Holder of Notes, for one or more of the following purposes: (i) to evidence the succession of another person to the Company or any Subsidiary Guarantor and the assumption by such
successor of the Company’s or such Subsidiary Guarantor’s covenants, agreements and obligations; (ii) to provide for the issuance of Additional Notes in accordance with the limitations set forth in the Indenture; (iii) to
surrender any right or power conferred upon the Company or any Subsidiary Guarantor by the Indenture, to add to the covenants of the Company or any Subsidiary Guarantor such further covenants, restrictions, conditions or provisions for the
protection of the Holders of all or any Notes as the Board of Directors of the Company shall consider to be for the protection of the Holders of such Notes, and to make the occurrence, or the occurrence and continuance, of a default in respect of
any such additional covenants, restrictions, conditions or provisions a Default or an Event of Default under the Indenture; provided, however, that with respect to any such additional covenant, restriction, condition or provision, such
amendment may provide for a period of grace after default, which may be shorter or longer than that allowed in the case of other Defaults, may provide for an immediate enforcement upon such Default, may limit the remedies available to the Trustee
upon such Default or may limit the right of Holders of a majority in aggregate principal amount of the Notes to waive such default; (iv) to cure any ambiguity, omission, defect or inconsistency in the Indenture, in any supplemental indenture or
in any Notes or to conform the text of the Indenture or the Notes to any provision of the “Description of the Notes” contained in the Prospectus relating to the offer and sale of the Notes to the extent that such provision in the
“Description of the Notes” was intended to be a verbatim recitation of a provision of the Indenture; (v) to convey, transfer, assign, mortgage or pledge any property to or with the Trustee, or to make such other provisions in regard
to matters or questions arising under the Indenture as shall not adversely affect the interests of any Holders of Notes; (vi) to modify or amend the Indenture in such a manner as to comply with the requirements of the SEC in connection with the
qualification and maintenance of qualification of the Indenture or any supplemental indenture thereto under the Trust Indenture Act as then in effect and to comply with the rules of any applicable securities depositary; (vii) to add or to
change any of the provisions of the Indenture to provide that Notes in bearer form may be registrable as to principal, to change or eliminate any restrictions on the payment of principal or premium with respect to Notes in registered form or of
principal, premium or interest with respect to Notes in bearer form, or to permit Notes in registered form to be exchanged for Notes in bearer form, so as to not adversely affect the interests of the Holders or any coupons in any material respect or
permit or facilitate the issuance of Notes in uncertificated form; (viii) to add guarantees or security to the Notes; (ix) to confirm and evidence the release, termination or discharge of Subsidiary Guarantors or any security interest in
accordance with the limitations set forth in the Indenture; (x) to make any change that does not adversely affect the rights of any Holder in any material respect; (xi) to add to, change, or eliminate any of the provisions of the Indenture
with respect to the Notes, so long as any such addition, change or elimination not otherwise permitted under the Indenture shall (A) neither apply to any Note created prior to the execution of such supplemental indenture and entitled to the
benefit of such provision nor modify the rights of the Holders of any such Note with respect to the benefit of such 

  
 5 

 
provision or (B) become effective only when there is no such Note outstanding; and (xii) to evidence and provide for the acceptance of appointment by a successor or separate Trustee
with respect to the Notes and to add to or change any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the Indenture by more than one Trustee. 

With the written consent (as evidenced as provided in Section 9.02 of the Indenture) of the Holders of at least a majority in
principal amount of the Notes at the time outstanding affected by such amendment (including consents obtained in connection with a tender offer or exchange offer for the Notes), the Company the Subsidiary Guarantors and the Trustee, may amend the
Indenture without notice to any Holder; provided that no such amendment shall, without the consent of the Holders of each Note then outstanding and affected thereby, (i) reduce the percentage of principal amount of Notes the Holders of
which must consent to an amendment, modification, supplement or waiver; (ii) reduce the rate of or extend the time of payment of interest on any Note; (iii) reduce the principal amount or extend the Stated Maturity of any Note;
(iv) reduce the Redemption Price of any Note or add redemption provisions to any Note; (v) make any Note payable in money other than that stated in the Indenture or the Note or, other than in accordance with the provisions of Article Ten
of the Indenture, eliminate any existing Subsidiary Guarantee of the Notes; (vi) impair the right to receive, and to institute suit for the enforcement of any payment with respect to the Notes; (vii) after the time a Change of Control
Offer is required to have been made, adversely affect the right of repayment or repurchase at the option of a Holder; or (viii) reduce the principal amount of notes that is required to consent to an amendment or waiver. It shall not be
necessary for the consent of the Holders to approve the particular form of any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. 
 Any consent to an amendment or a waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of
this Note and any Notes that may be issued in exchange or substitution hereof, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. Any Holder or subsequent Holder may revoke its consent if the Trustee
receives the notice of revocation before the date the amendment or waiver becomes effective. Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest,
fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of the Indenture or the Notes unless such consideration is offered to be paid to all Holders, ratably, that so consent,
waive or agree to amend. 
  

	6.	Obligations Absolute  

 No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Note at the
place, at the respective times, at the rate and in the coin or currency herein prescribed. 
  

	7.	Redemption Upon a Change of Control Triggering Event  

 Upon a Change of Control Triggering Event, unless the Company has exercised its right to redeem the Notes pursuant to Section 3.07 of the Indenture, any Holder of Notes shall have the right to cause
the Company to repurchase all or any part of the Notes of such Holder at a repurchase price equal to 101% of the aggregate principal amount of the Notes to be repurchased plus accrued interest, if any, to the date of repurchase (subject to the right
of holders of record on the relevant record date to receive interest due on the related Interest Payment Date (as defined in the Indenture)) as provided in, and subject to the terms of, the Indenture. 

 

	8.	Sinking Fund  

 The Notes
will not have the benefit of any sinking fund. 

  
 6 

  

	9.	Denominations; Transfer; Exchange  

 The Notes are issuable in registered form without coupons in minimum denominations of $2,000 principal amount and integral multiples of $1,000 in excess thereof. When Notes are presented to the Registrar
or a co-registrar with a request to register a transfer or to exchange them for an equal principal amount of Notes, the Registrar shall register the transfer or make the exchange in the manner and subject to the limitations provided in the
Indenture, without payment of any service charge but with payment of a sum sufficient to cover any transfer tax or other governmental charge that may be imposed in connection with any registration or exchange of Notes. 

The Company and the Registrar shall not be required (a) to issue, register the transfer of or exchange any Notes during a period
beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Notes selected for redemption and ending at the close of business on the day of such mailing or (b) to register the transfer or exchange of
Notes selected, called or being called for redemption as a whole or the portion being redeemed of any such Notes selected, called or being called for redemption in part. 

 

	10.	Further Issues  

 The
Company may from time to time, without the consent of the Holders of the Notes and in accordance with the Indenture, create and issue Additional Notes (as defined in the Indenture) having the same terms and conditions as the Initial Notes (as
defined in the Indenture) in all respects (or in all respects except for the first payment of interest) so as to form a single series with the Initial Notes. 
  

	11.	Optional Redemption  

 The
Notes may be redeemed at the Company’s option, upon notice as set forth in the Indenture, in whole at any time or in part from time to time, on the terms set forth in the Indenture. 

 

	12.	Persons Deemed Owners  

The ownership of Notes shall be proved by the register maintained by the Registrar. 

 

	13.	No Recourse Against Others  

 No shareholder, partner, manager, member, director, officer, employee, agent or incorporator, as such, of any Company or any Subsidiary Guarantor shall have any liability for any obligations of the
Company under the Notes or the Indenture or a Subsidiary Guarantor under its Subsidiary Guarantee or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Holder shall
waive and release all such liability. This waiver and release shall be part of the consideration for the issuance of the Notes. 
  

	14.	Discharge and Defeasance  

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

 

	15.	Unclaimed Money  

 Any
money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, and premium, if
any, or interest has become due and payable shall be paid to the Company on its request or, if then held by the Company, shall be discharged from such trust. Thereafter the Holder of such Note shall look only to the Company for payment thereof, and
all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, 

  
 7 

 
however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Company cause to be published once, in the New York Times and
The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such
money then remaining will be repaid to the Company. 
  

	16.	Guarantee 

 The payment by
the Company of the principal of, and premium and interest on, the Notes is fully and unconditionally guaranteed on a joint and several basis by each of the Subsidiary Guarantors to the extent set forth in the Indenture. 

 

	17.	Trustee Dealings with the Company  

 Subject to certain limitations imposed by the Trust Indenture Act, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or
its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-Paying Agent may do the same with like rights. 
  

	18.	Abbreviations  

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

	19.	CUSIP Numbers  

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

  
 8 

 ASSIGNMENT FORM 
 For value received                      hereby sell(s), assign(s) and transfer(s) unto
                     (please insert social security or other identifying number of assignee) the within Note, and hereby irrevocably constitutes and
appoints                      attorney to transfer the said Note on the books of the Company, with full power of substitution in the premises.

  

			
	Dated:	 	  

 

	
	  

	
	  

	Signature(s)

 Signature(s) must be guaranteed by an eligible
Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15. 

 

	
	  

	Signature Guarantee

  
 9 

 INCREASES OR DECREASES IN PRINCIPAL 

AMOUNT OF GLOBAL NOTE 
 The initial principal amount of this Global Note is $[—]. The following increases or decreases in this Global Note have been made: 

 

													
	 Date of Increase or

Decrease
	 	 Amount of Decrease

in Principal Amount
 of this Global Note
	 	 Amount of Increase

in Principal Amount
 of this Global Note
	  	Remaining Principal
Amount of this
Global Note
Following such
Decrease or 
Increase	 	  	Signature of
Authorized 
Signatory
of Trustee or
Custodian	 
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			

  
 10 

 Exhibit B 

  
 1 

 FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY SUBSEQUENT GUARANTORS 
 Supplemental Indenture (this “Supplemental Indenture”), dated as of             , among
                          (the “Guaranteeing Subsidiary”), a subsidiary of O’Reilly
Automotive, Inc. (or its permitted successor), a Missouri corporation (the “Company”), the Company and UMB Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture dated as of January 14, 2011, (the “Indenture”), providing for the issuance of 4.875% Senior
Notes due 2021 (the “Notes”); 
 WHEREAS, this Indenture provides that under certain circumstances the
Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the
terms and conditions set forth herein (the “Note Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of
the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration
of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the
Notes as follows: 
 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings
assigned to them in the Indenture. 
 2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees as follows:

 (a) Along with all Subsidiary Guarantors named in the Indenture, to jointly and severally Guarantee to each
Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, that: 
 (i) the
principal of, premium, if any, interest and defaulted interest with respect to the Notes shall be duly and punctually paid in full when due, whether at maturity, by acceleration or otherwise, and interest on the overdue principal and (to the extent
permitted by law) interest or defaulted interest with respect to the Notes and all other obligations of the Company or any Subsidiary Guarantor to the Holders of the Notes or the Trustee hereunder or thereunder and all other obligations under the
Indenture with respect to the Notes shall be promptly paid in full or performed, all in accordance with the terms of this Indenture and thereof; and 
 (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the 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. Failing payment when due of any amount so guaranteed, or failing performance of any other obligation of the Company to the Holders of the Notes, for whatever reason,
each Subsidiary Guarantor shall be obligated to pay, or to perform or cause the performance of, the same immediately. 
 (b) The obligations of the Guaranteeing Subsidiary hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to
enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise
constitute a legal or equitable discharge or defense of a guarantor. 

  
 2 

 (c) The following is hereby waived: diligence, presentment, demand of
payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever. 

(d) This Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes
and the Indenture, and the Guaranteeing Subsidiary accepts all obligations of a Guarantor under this Indenture. 

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

(g) As between the Subsidiary Guarantors, on the one hand, and the Holders and the Trustee, on the other hand,
(x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration
in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and payable) shall forthwith become due
and payable by the Subsidiary Guarantors for the purpose of this Note Guarantee. 
 (h) The Subsidiary Guarantors
shall have the right to seek contribution from any non-paying Subsidiary Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Subsidiary Guarantee. 

(i) Pursuant to Section 10.03 of the Indenture, after giving effect to any maximum amount and any other contingent
and fixed liabilities that are relevant under any applicable bankruptcy or fraudulent conveyance laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in
respect of the obligations of such other Guarantor under Article 10 of the Indenture, this new Note Guarantee shall be limited to the maximum amount permissible such that the obligations of such Guarantor under this Note Guarantee will not
constitute a fraudulent transfer or conveyance. 
 (j) This Note Guarantee is a guarantee of payment and not of
collection. 
 3. Execution and Delivery. Each Guaranteeing Subsidiary agrees that the Note Guarantees shall remain in
full force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee. 
 4. Merger,
Consolidation or Sale of Assets of Guaranteeing Subsidiary. Unless the Subsidiary Guarantee of the applicable Subsidiary Guarantor is permitted to be released in connection with such transaction pursuant to Section 10.04 of the Indenture,
such Subsidiary Guarantor shall not merge, consolidate or amalgamate with or into any other person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all its property in any one transaction or series of related
transactions unless: 
 (a) such Subsidiary Guarantor shall be the surviving person (the “Surviving
Guarantor”) or the Surviving Guarantor (if other than such Subsidiary Guarantor) formed by such merger, 

  
 3 

 
consolidation or amalgamation or to which such sale, transfer, assignment, lease, conveyance or disposition is made shall be a corporation, limited partnership or limited liability company
organized and existing under the laws of the U.S., any State thereof or the District of Columbia; 
 (b) the
Surviving Guarantor (if other than such Subsidiary Guarantor) expressly assumes, by supplemental indenture in the form of Exhibit B to the Indenture, executed and delivered to the trustee by such Surviving Guarantor, such Subsidiary
Guarantor’s guarantee of the due and punctual payment of the principal of, and premium, if any, and interest on, all the Notes outstanding, according to their tenor, and the due and punctual performance and observance of all the covenants and
conditions of this Indenture to be performed by such Subsidiary Guarantor; 
 (c) immediately before and
immediately after giving effect to such transaction or series of related transactions, no Default or Event of Default shall have occurred and be continuing; and 
 (d) the Company shall deliver, or cause to be delivered, to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and the supplemental indenture, if any,
in respect thereto comply with Section 5.02 of the Indenture and that all conditions precedent in the Indenture relating to such transaction have been complied with. 
 Notwithstanding the provisions of Section 5.02 of the Indenture, any Subsidiary may merge, consolidate or amalgamate with or into or sell, transfer, assign, lease, convey or otherwise dispose of all
or substantially all its property to the Company or a Subsidiary Guarantor. 
 5. Releases. Any Subsidiary Guarantee
executed pursuant to Section 4.09 of the Indenture (including, without limitation, any Subsidiary Guarantee of the Notes issued as of the Issue Date), shall be automatically and unconditionally released upon the release of the guarantee or the
obligation that resulted in Section 4.09 of the Indenture becoming applicable (other than by reason of payment under such guarantee) without any action required on the part of the Trustee or any Holder of the Notes upon such Subsidiary
Guarantor ceasing to guarantee or be an obligor with respect to the Revolving Credit Facility or a guarantor or obligor under any other Credit Facility Debt or Capital Markets Debt of the Company or any of the Subsidiary Guarantors. In addition, any
Subsidiary Guarantee of the Indenture shall be automatically and unconditionally released upon: (i) upon the sale or other disposition (including by way of consolidation or merger), in one transaction or a series of related transactions, of a
majority of the total voting power of the capital stock or other interests of such Subsidiary Guarantor (other than to the Company or any Affiliate of the Company); or (ii) upon the sale or disposition of all or substantially all the property
of such Subsidiary Guarantor (other than to any Affiliate of the Company other than another Subsidiary Guarantor); provided, however, that, in each case, after giving effect to such transaction, such Subsidiary is no longer liable for any
guarantee or other obligations in respect of any Credit Facility Debt or Capital Markets Debt of the Company or any of its Subsidiaries. Any Subsidiary Guarantee also will be released if the Company exercises its legal defeasance or its covenant
defeasance option as set forth in Article Eight of the Indenture, or if the Company’s obligations under the Indenture are discharged as set forth in Section 8.08 of the Indenture. The Company will give prompt written notice to the Trustee
of the automatic release of any Subsidiary Guarantee pursuant to Section 10.04 of the Indenture. At the Company’s request, the Trustee will execute and deliver any documents, instructions or instruments evidencing any such release.

 6. NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE COMPANY, EACH 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 INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

 8. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be
an original, but all of them together represent the same agreement. 

  
 4 

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

  
 5 

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

					
	[Guaranteeing Subsidiary]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	O’Reilly Automotive, Inc.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	UMB Bank, N.A., as
	Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 6

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