Document:

EX-10.6

 Exhibit 10.6 

EXECUTION VERSION 
  

 
  

DIGICEL GROUP LIMITED, 

AS ISSUER, 
 AND

 DEUTSCHE BANK TRUST COMPANY AMERICAS, 

AS TRUSTEE 
  

 
 Indenture 

Dated as of April 2, 2014 
  

 
 7.125% Senior
Notes due 2022 
  
  

 

 EXECUTION VERSION 

CROSS-REFERENCE TABLE 
  

 
  

			
	 TIA Sections
	  	Indenture Sections
	§ 310(a)(1)	  	7.10
	         (a)(2)	  	7.10
	         (a)(3)	  	7.12
	         (a)(4)	  	N.A.
	         (a)(5)	  	7.10
	         (b)	  	7.03; 7.10
	         (c)	  	N/A
	§ 311(a)	  	7.03; 7.11
	         (b)	  	7.03; 7.11
	         (c)	  	N/A
	§ 312(a)	  	2.05
	         (b)	  	13.03
	         (c)	  	13.03
	§ 313(a)	  	7.06
	         (b)	  	7.06
	         (c)	  	6.01(b); 7.06; 13.02(b)
	         (d)	  	7.06
	§ 314(a)(1)	  	N/A
	         (a)(2)	  	N/A
	         (a)(3)	  	N/A
	         (a)(4)	  	4.05(a)
	         (b)	  	N/A
	         (c)(1)	  	13.04(a)
	         (c)(2)	  	13.04(b)
	         (c)(3)	  	N/A
	         (d)	  	N/A
	         (e)	  	13.05
	         (f)	  	N/A
	§ 315(a)	  	7.01(b)
	         (b)	  	6.01(b)
	         (c)	  	7.01(a)
	         (d)	  	7.01(c)
	         (e)	  	6.11
	§ 316(a)(last sentence)	  	2.09
	         (a)(1)(A)	  	N/A
	         (a)(1)(B)	  	6.04
	         (a)(2)	  	N/A
	         (b)	  	N/A
	         (c)	  	6.15
	§ 317(a)(1)	  	6.08
	         (a)(2)	  	6.09
	         (b)	  	2.04

  
 i 

			
	§ 318(a)	  	13.01
	         (b)	  	N/A
	         (c)	  	N/A

  
 N/A means
Not Applicable. 
 NOTE: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of this Indenture. 

  
 ii 

 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	PAGE	 
	
	 ARTICLE ONE

DEFINITIONS AND INCORPORATION BY REFERENCE
	   

 

			
	 Section 1.01.
	 	 Definitions
	  	 	1	 
	 Section 1.02.
	 	 Other Definitions
	  	 	23	 
	 Section 1.03.
	 	 Trust Indenture Act Terms
	  	 	24	 
	 Section 1.04.
	 	 Rules of Construction
	  	 	24	 
	
	 ARTICLE TWO

THE NOTES
	   

 

			
	 Section 2.01.
	 	 The Notes
	  	 	25	 
	 Section 2.02.
	 	 Execution and Authentication
	  	 	26	 
	 Section 2.03.
	 	 Registrar, Transfer Agent and Paying Agent
	  	 	27	 
	 Section 2.04.
	 	 Paying Agent To Hold Money in Trust
	  	 	28	 
	 Section 2.05.
	 	 Holder Lists
	  	 	28	 
	 Section 2.06.
	 	 Transfer and Exchange
	  	 	29	 
	 Section 2.07.
	 	 Replacement Notes
	  	 	32	 
	 Section 2.08.
	 	 Outstanding Notes
	  	 	32	 
	 Section 2.09.
	 	 Notes Held by Issuer
	  	 	32	 
	 Section 2.10.
	 	 Certificated Notes
	  	 	33	 
	 Section 2.11.
	 	 Cancellation
	  	 	34	 
	 Section 2.12.
	 	 Defaulted Interest
	  	 	34	 
	 Section 2.13.
	 	 Computation of Interest
	  	 	35	 
	 Section 2.14.
	 	 ISIN and CUSIP Numbers
	  	 	35	 
	 Section 2.15.
	 	 Issuance of Additional Notes
	  	 	35	 
	
	 ARTICLE THREE

REDEMPTION; OFFERS TO PURCHASE
	   

 

			
	 Section 3.01.
	 	 Right of Redemption
	  	 	35	 
	 Section 3.02.
	 	 Notices to Trustee
	  	 	35	 
	 Section 3.03.
	 	 Selection of Notes To Be Redeemed
	  	 	36	 
	 Section 3.04.
	 	 Notice of Redemption
	  	 	36	 
	 Section 3.05.
	 	 [Reserved]
	  	 	37	 
	 Section 3.06.
	 	 Deposit of Redemption Price
	  	 	37	 
	 Section 3.07.
	 	 Payment of Notes Called for Redemption
	  	 	37	 
	 Section 3.08.
	 	 Notes Redeemed in Part
	  	 	38	 

  
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	 ARTICLE FOUR

COVENANTS
	   

 

			
	 Section 4.01.
	 	 Payment of Notes
	  	 	38	 
	 Section 4.02.
	 	 Corporate Existence
	  	 	38	 
	 Section 4.03.
	 	 Maintenance of Properties
	  	 	38	 
	 Section 4.04.
	 	 Insurance
	  	 	39	 
	 Section 4.05.
	 	 Statement as to Compliance
	  	 	39	 
	 Section 4.06.
	 	 Limitation on Debt
	  	 	39	 
	 Section 4.07.
	 	 Limitation on Liens
	  	 	42	 
	 Section 4.08.
	 	 Limitation on Restricted Payments
	  	 	42	 
	 Section 4.09.
	 	 Limitation on Sale of Certain Assets
	  	 	46	 
	 Section 4.10.
	 	 Limitation on Transactions with Affiliates
	  	 	47	 
	 Section 4.11.
	 	 Purchase of Notes upon a Change of Control
	  	 	49	 
	 Section 4.12.
	 	 Additional Amounts
	  	 	51	 
	 Section 4.13.
	 	 [Reserved]
	  	 	54	 
	 Section 4.14.
	 	 [Reserved]
	  	 	54	 
	 Section 4.15.
	 	 [Reserved]
	  	 	54	 
	 Section 4.16.
	 	 Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries
	  	 	54	 
	 Section 4.17.
	 	 Designation of Unrestricted and Restricted Subsidiaries
	  	 	56	 
	 Section 4.18.
	 	 Payment of Taxes and Other Claims
	  	 	57	 
	 Section 4.19.
	 	 [Reserved]
	  	 	57	 
	 Section 4.20.
	 	 Future Guarantees
	  	 	57	 
	 Section 4.21.
	 	 Reports to Holders
	  	 	58	 
	 Section 4.22.
	 	 Further Instruments and Acts
	  	 	58	 
	
	 ARTICLE FIVE

CONSOLIDATION, MERGER AND SALE OF ASSETS
	   

 

			
	 Section 5.01.
	 	 Consolidation, Merger and Sale of Assets
	  	 	59	 
	 Section 5.02.
	 	 Successor Substituted
	  	 	60	 
	
	 ARTICLE SIX

DEFAULTS AND REMEDIES
	   

 

			
	 Section 6.01.
	 	 Events of Default
	  	 	61	 
	 Section 6.02.
	 	 Acceleration
	  	 	62	 
	 Section 6.03.
	 	 Other Remedies
	  	 	63	 
	 Section 6.04.
	 	 Waiver of Past Defaults
	  	 	64	 
	 Section 6.05.
	 	 Control by Majority
	  	 	64	 
	 Section 6.06.
	 	 Limitation on Suits
	  	 	64	 
	 Section 6.07.
	 	 Unconditional Right of Holders To Receive Payment
	  	 	65	 
	 Section 6.08.
	 	 Collection Suit by Trustee
	  	 	65	 
	 Section 6.09.
	 	 Trustee May File Proofs of Claim
	  	 	65	 
	 Section 6.10.
	 	 Application of Money Collected
	  	 	66	 
	 Section 6.11.
	 	 Undertaking for Costs
	  	 	66	 
	 Section 6.12.
	 	 Restoration of Rights and Remedies
	  	 	66	 
	 Section 6.13.
	 	 Rights and Remedies Cumulative
	  	 	67	 
	 Section 6.14.
	 	 Delay or Omission not Waiver
	  	 	67	 
	 Section 6.15.
	 	 Record Date
	  	 	67	 
	 Section 6.16.
	 	 Waiver of Stay or Extension Laws
	  	 	67	 

  
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	ARTICLE SEVEN	  
	TRUSTEE	 
			
	 Section 7.01.
	 	Duties of Trustee	  	 	67	 
	 Section 7.02.
	 	Certain Rights of Trustee	  	 	68	 
	 Section 7.03.
	 	Individual Rights of Trustee	  	 	70	 
	 Section 7.04.
	 	Trustee’s Disclaimer	  	 	70	 
	 Section 7.05.
	 	[Reserved]	  	 	70	 
	 Section 7.06.
	 	Reports by Trustee to Holders	  	 	70	 
	 Section 7.07.
	 	Compensation and Indemnity	  	 	71	 
	 Section 7.08.
	 	Replacement of Trustee	  	 	72	 
	 Section 7.09.
	 	Successor Trustee by Merger	  	 	73	 
	 Section 7.10.
	 	Eligibility; Disqualification	  	 	73	 
	 Section 7.11.
	 	Preferential Collection of Claims Against Issuer	  	 	73	 
	 Section 7.12.
	 	Appointment of Co-Trustee	  	 	73	 
	
	ARTICLE EIGHT	  
	DEFEASANCE; SATISFACTION AND DISCHARGE	 
			
	 Section 8.01.
	 	Issuer’s Option To Effect Defeasance or Covenant Defeasance	  	 	75	 
	 Section 8.02.
	 	Defeasance and Discharge	  	 	75	 
	 Section 8.03.
	 	Covenant Defeasance	  	 	75	 
	 Section 8.04.
	 	Conditions to Defeasance	  	 	76	 
	 Section 8.05.
	 	Satisfaction and Discharge of Indenture	  	 	77	 
	 Section 8.06.
	 	Survival of Certain Obligations	  	 	78	 
	 Section 8.07.
	 	Acknowledgment of Discharge by Trustee	  	 	78	 
	 Section 8.08.
	 	Application of Trust Money	  	 	78	 
	 Section 8.09.
	 	Repayment to Issuer	  	 	78	 
	 Section 8.10.
	 	Indemnity for Government Securities	  	 	79	 
	 Section 8.11.
	 	Reinstatement	  	 	79	 
	
	ARTICLE NINE	  
	AMENDMENTS AND WAIVERS	 
			
	 Section 9.01.
	 	Without Consent of Holders	  	 	79	 
	 Section 9.02.
	 	With Consent of Holders	  	 	80	 
	 Section 9.03.
	 	[Reserved]	  	 	82	 
	 Section 9.04.
	 	Effect of Supplemental Indentures	  	 	82	 
	 Section 9.05.
	 	Notation on or Exchange of Notes	  	 	82	 
	 Section 9.06.
	 	Payment for Consent	  	 	82	 
	 Section 9.07.
	 	Notice of Amendment or Waiver	  	 	82	 
	 Section 9.08.
	 	Trustee To Sign Amendments; Etc.	  	 	82	 

  
 v 

							
	ARTICLE TEN	 
	GUARANTEE	 
			
	 Section 10.01.
	 	Notes Guarantees	  	 	83	 
	 Section 10.02.
	 	Subrogation	  	 	84	 
	 Section 10.03.
	 	Release of Subsidiary Guarantees	  	 	84	 
	 Section 10.04.
	 	Limitation and Effectiveness of Guarantees	  	 	85	 
	 Section 10.05.
	 	Notation Not Required	  	 	85	 
	 Section 10.06.
	 	Successors and Assigns	  	 	85	 
	 Section 10.07.
	 	No Waiver	  	 	85	 
	 Section 10.08.
	 	Modification	  	 	85	 
	
	ARTICLE ELEVEN	  
	[RESERVED]	 
	
	ARTICLE TWELVE	  
	HOLDERS’ MEETINGS	 
	 Section 12.01.
	 	Purposes of Meetings	  	 	85	 
	 Section 12.02.
	 	Place of Meetings	  	 	86	 
	 Section 12.03.
	 	Call and Notice of Meetings	  	 	86	 
	 Section 12.04.
	 	Voting at Meetings	  	 	86	 
	 Section 12.05.
	 	Voting Rights, Conduct and Adjournment	  	 	86	 
	 Section 12.06.
	 	Revocation of Consent by Holders at Meetings	  	 	87	 
	
	ARTICLE THIRTEEN	  
	MISCELLANEOUS	 
			
	 Section 13.01.
	 	Trust Indenture Act Controls	  	 	88	 
	 Section 13.02.
	 	Notices	  	 	88	 
	 Section 13.03.
	 	Communication by Holders with Other Holders	  	 	89	 
	 Section 13.04.
	 	Certificate and Opinion as to Conditions Precedent	  	 	89	 
	 Section 13.05.
	 	Statements Required in Certificate or Opinion	  	 	90	 
	 Section 13.06.
	 	Rules by Trustee, Paying Agent and Registrar	  	 	90	 
	 Section 13.07.
	 	Legal Holidays	  	 	90	 
	 Section 13.08.
	 	Governing Law	  	 	90	 
	 Section 13.09.
	 	Jurisdiction	  	 	90	 
	 Section 13.10.
	 	No Recourse Against Others	  	 	91	 
	 Section 13.11.
	 	Successors	  	 	91	 
	 Section 13.12.
	 	Multiple Originals	  	 	92	 
	 Section 13.13.
	 	Table of Contents, Cross-Reference Sheet and Headings	  	 	92	 
	 Section 13.14.
	 	Severability	  	 	92	 
	 Section 13.15.
	 	Force Majeure	  	 	92	 
	 Section 13.16.
	 	Counterparts	  	 	92	 
	 Section 13.17.
	 	USA Patriot Act	  	 	92	 

  
 vi 

 Exhibits 
  

			
	Exhibit A	  	Form of Notes
	Exhibit B	  	Form of Transfer Certificate for Transfer from Restricted Global Note to Regulation S Global Note
	Exhibit C	  	Form of Transfer Certificate for Transfer from Regulation S Global Note/IAI Global Note to Restricted Global Note
	Exhibit D	  	Form of Guarantee
	Exhibit E	  	Form of Certificate from Acquiring Accredited Investor

  
 vii 

 INDENTURE dated as of April 2, 2014 between Digicel Group Limited, a limited
liability exempted company incorporated under the laws of Bermuda (the “Issuer”) and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”). 

RECITALS OF THE ISSUER 

The Issuer has duly authorized the execution and delivery of this Indenture to provide for the issuance of its 7.125% Senior Notes due
2022 (the “Initial Notes”) issued on the date hereof and any Additional Notes (as defined herein). The Issuer has received good and valuable consideration for the execution and delivery of this Indenture. All necessary acts and
things have been done to make (i) the Notes, when duly issued and executed by the Issuer and authenticated and delivered hereunder, the legal, valid and binding obligations of the Issuer and (ii) this Indenture a legal, valid and binding
agreement of the Issuer in accordance with the terms of this Indenture. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the
equal and proportionate benefit of all Holders, as follows: 
 ARTICLE ONE 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01. Definitions. 

“Accredited Investor” means an institutional “accredited investor” (as defined in Rule 501(a)(1), (2),
(3) or (7) under the Securities Act). 
 “Acquired Debt” means Debt of a Person: 

(a) existing at the time such Person becomes a Restricted Subsidiary or is merged into or consolidated with the Issuer or any Restricted
Subsidiary, or 
 (b) assumed in connection with the acquisition of assets from any such Person, 

in each case provided that such Debt was not Incurred in connection with, or in contemplation of, such Person becoming a Restricted Subsidiary or such
acquisition, as the case may be. 
 Acquired Debt will be deemed to be Incurred on the date the acquired Person becomes a Restricted
Subsidiary or the date of the related acquisition of assets from any Person. 
 “Additional Notes” means any
additional Notes that may be issued on any Issue Date other than the date hereof. 

  
 1 

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

(a) any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified
Person, or 
 (b) any other Person that owns, directly or indirectly, 5% or more of such specified Person’s Capital Stock or any
officer or director of any such specified Person or other Person or, with respect to any natural Person, any Person having a relationship with such Person by blood, marriage or adoption not more remote than first cousin. 

For the purposes of this definition, “control”, when used with respect to any specified Person, means the power to
direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing. 
 “Asset Sale” means any sale,
issuance, conveyance, transfer, lease or other disposition (including, without limitation, by way of merger, amalgamation, consolidation or sale and leaseback transaction) (collectively, a “transfer”), directly or indirectly, in one
or a series of related transactions, of: 
 (a) any Capital Stock of any Restricted Subsidiary (other than directors’ qualifying
shares or shares required by applicable law to be held by a Person other than the Issuer or a Restricted Subsidiary); 
 (b) all or
substantially all of the properties and assets of any division or line of business of the Issuer or any Restricted Subsidiary; or 
 (c) any
other of the Issuer’s or any Restricted Subsidiary’s properties or assets. 
 Notwithstanding the preceding, none of the following
items will be deemed to be an Asset Sale: 
 (i) any transfer or disposition of assets that is governed by the provisions of Article 5 and
Section 4.11; 
 (ii) any transfer or disposition of assets by the Issuer or any Restricted Subsidiary to the Issuer or any Restricted
Subsidiary in accordance with the terms of this Indenture; 
 (iii) any transfer or disposition of obsolete equipment or facilities or
equipment or facilities that are no longer useful in the conduct of the Issuer’s and any Restricted Subsidiary’s business; 
 (iv)
any single transaction or series of related transactions that involves assets or Capital Stock having a Fair Market Value of less than $25.0 million; 

  
 2 

 (v) for the purposes of Section 4.09 only, the making of a Permitted Investment or a disposition
permitted under Section 4.08; 
 (vi) the sale, lease or other disposition of equipment, inventory or other assets in the ordinary course of
business; 
 (vii) the lease, assignment or sublease of any real or personal property or spectrum in the ordinary course of business; 

(viii) an issuance of Capital Stock by a Restricted Subsidiary to the Issuer or to another Restricted Subsidiary or to a minority shareholder
in a Permitted Joint Venture or as required by law or the terms of any license or concession; 
 (ix) sales of assets received by the Issuer
or any Restricted Subsidiary upon the foreclosure on a Lien granted in favor of the Issuer or any Restricted Subsidiary; 
 (x) a
disposition resulting from the bona fide exercise by government authority of its claimed or actual power of eminent domain to the extent that the property subject thereof is not material to the operations of the Person affected thereby; 

(xi) any disposition of assets subject to a Lien securing Debt of an Unrestricted Subsidiary permitted by the provisions of this Indenture
that is transferred to the holder of such Lien or its designee in satisfaction or settlement of the holder of such Lien’s claim or a realization upon such Lien by such holder and any disposition of securities of an Unrestricted Subsidiary; 

(xii) any disposition by reason of the issuance of directors’ qualifying shares or investments by foreign nationals, in each case in a
nominal amount, mandated by applicable law; and 
 (xiii) any disposition of contract and license rights, development rights, leases and
market data made in connection with the initial development of a telecommunications business and prior to the commencement of commercial operation of such telecommunications business for reasonable equivalent value. 

“Average Life” means, as of the date of determination with respect to any Debt, the quotient obtained by dividing: 

(a) the sum of the products of: 

(i) the numbers of years from the date of determination to the date or dates of each successive scheduled principal payment of
such Debt multiplied by 
 (ii) the amount of each such principal payment; by 

(b) the sum of all such principal payments. 

  
 3 

 “Bankruptcy Law” means any law relating to bankruptcy, insolvency,
receivership, moratorium, winding-up, liquidation, reorganization or relief of debtors or any amendment to, succession to or change in any such law, including, without limitation, (i) bankruptcy law of Jamaica, (ii) bankruptcy law of
Bermuda, (iii) bankruptcy law of the Cayman Islands, (iv) bankruptcy law of Barbados, (v) bankruptcy law of St. Lucia, (vi) bankruptcy law of Trinidad & Tobago, (vii) bankruptcy law of Aruba, (viii) bankruptcy
law of Curaçao, (ix) bankruptcy law of St. Vincent & Grenadines, (x) bankruptcy law of Grenada or (xi) title 11, United States Bankruptcy Code of 1978, as amended. 

“Business Day” means a day other than a Saturday, Sunday or other day on which banking institutions in Bermuda, New
York, London or a place of payment under this Indenture are authorized or required by law to close. 
 “Capital
Stock” means, with respect to any Person, any and all shares, interests, partnership interests (whether general or limited), participations, rights in or other equivalents (however designated) of such Person’s equity, any other
interest or participation that confers the right to receive a share of the profits and losses, or distributions of assets of, such Person and any rights (other than debt securities convertible into or exchangeable for Capital Stock), warrants or
options exchangeable for or convertible into such Capital Stock, whether now outstanding or issued after the date of this Indenture. 

“Capitalized Lease Obligation” means, with respect to any Person, any obligation of such Person under a lease of (or
other agreement conveying the right to use) any property (whether real, personal or mixed), which obligation is required to be classified and accounted for as a capital lease obligation under IFRS, and, for purposes of this Indenture, the amount of
such obligation at any date will be the capitalized amount thereof at such date, determined in accordance with IFRS and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the
first date such lease may be terminated without penalty. 
 “Cash Equivalents” means any of the following, to the
extent owned by the Issuer or any of its Restricted Subsidiaries and having a Maturity of not greater than 90 days from the date of acquisition by the Issuer or any of its Restricted Subsidiaries: (a) readily marketable direct obligations of
the Government of the United States or any agency or instrumentality thereof or obligations unconditionally guaranteed by the full faith and credit of the Government of the United States, (b) insured certificates of deposit of, or time deposits
with, any commercial bank that (i) is a lender under the Senior Credit Facility or a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause (c) below,
(iii) is organized under the laws of the United States or any State thereof, and (iv) has combined capital and surplus of at least $1.0 billion, (c) commercial paper in an aggregate amount of no more than $1.0 million per issuer
outstanding at any time, issued by any corporation organized under the laws of any State of the United States and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or “A-1” (or the then equivalent grade) by
S&P, and (d) money market funds having a rating in the highest investment category granted by a 

  
 4 

 
recognized credit rating agency at the time of acquisition, including any fund for which the collateral agency under the Senior Credit Facility or an affiliate of the collateral agent under the
Senior Credit Facility serves as an investment advisor, administrator, shareholder servicing agent, custodian or subcustodian, notwithstanding that (A) the collateral agent under the Senior Credit Facility or an affiliate of the collateral
agent under the Senior Credit Facility charges and collects fees and expenses from such funds for services rendered (provided that such charges, fees and expenses are on terms consistent with terms negotiated at arm’s length) and
(B) the collateral agent under the Senior Credit Facility charges and collects fees and expenses for services rendered; provided that bank deposits and short term investments in the local currency of any Restricted Subsidiary shall
qualify as Cash Equivalents so long as the aggregate amount thereof does not exceed the amount reasonably estimated by the Issuer as being necessary to finance the operations, including capital expenditures, of such Restricted Subsidiary for the
succeeding 90 days. 
 “Change of Control” means the occurrence of any of the following events: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than a
Permitted Holder, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the voting power of the Issuer’s outstanding Voting Stock; or 

(b) (i) the Issuer consummates any transaction (including, without limitation, any merger, consolidation, amalgamation or other combination)
pursuant to which the Issuer’s outstanding Voting Stock is converted into or exchanged for cash, securities or other property, or (ii) the Issuer conveys, transfers, leases or otherwise disposes of, or any resolution with respect to a
demerger or division is passed by the Issuer’s board of directors or shareholders pursuant to which the Issuer would dispose of, all or substantially all of the Issuer’s assets and those of the Restricted Subsidiaries, considered as a
whole (other than a transfer of substantially all of such assets to one or more Wholly Owned Subsidiaries), in each case to any Person other than in a transaction where: 

(x) the Issuer’s outstanding Voting Stock is not converted or exchanged at all (except to the extent necessary to reflect
a change in the jurisdiction of the Issuer’s incorporation) or is converted into or exchanged for Voting Stock (other than Redeemable Capital Stock) of the surviving or transferee corporation; and 

(y) no “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other
than a Permitted Holder, is the “beneficial owner” (as defined in clause (a) above) directly or indirectly, of more than 50% of the total outstanding Voting Stock of the surviving or transferee corporation; or 

(c) during any consecutive two-year period following the date of this Indenture, individuals who at the beginning of such period constituted
the Issuer’s board of directors (together with any new members whose election to such board, or whose 

  
 5 

 
nomination for election by the Issuer’s shareholders, was approved by a vote of at least a majority of the members of the Issuer’s board of directors then still in office who were
either members at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the members of the Issuer’s board of directors then in office; or 

(s) the Issuer is liquidated or dissolved or adopts a plan of liquidation or dissolution other than in a transaction which complies with the
provisions of Article 5. 
 “Clearstream” means Clearstream Banking, société anonyme. 

“Commission” means the US Securities and Exchange Commission. 

“Consolidated Interest Expense” means, with respect to any Person or group, for any period the combined interest
expense included in a combined income statement (without deduction of interest income) of such Person or group for such period calculated on a combined basis in accordance with IFRS, excluding the amortization of deferred financing costs and
including without limitation or duplication (or, to the extent not so included, with the addition of) (i) the amortization of Debt discounts; (ii) any payments or fees with respect to letters of credit, bankers’ acceptances or similar
facilities; (iii) fees with respect to interest rate swap or similar agreements; (iv) Preferred Stock dividends (other than with respect to Redeemable Capital Stock) declared and paid or payable; (v) accrued Redeemable Capital Stock
dividends, whether or not declared or paid; and (vi) interest on Debt guaranteed by such Person and any Person in such group to the extent such Person has actually paid such interest. 

“Consolidated Net Income” means, with respect to any Person or group, for any period the combined net income (or loss)
for such period determined on a combined basis (before minority interests) in accordance with IFRS; provided that there shall be excluded therefrom (without duplication) (a) the net income (or loss) of any other Person acquired by such Person
or any member of such group in a pooling-of-interests transaction for any period prior to the date of such transaction, (b) the net income (or loss) of any other Person that is not a member of such group (including Unrestricted Subsidiaries)
except to the extent of the amount of dividends or other distributions actually paid to such other Person by such Person or group during such period, (c) gains or losses on Asset Sales by such Person or group other than in the ordinary course
of business, (d) all extraordinary or non-recurring gains and extraordinary or non-recurring losses, (e) the cumulative effect of changes in accounting principles, (f) gains or losses resulting from fluctuations in currency exchange
rates (whether realized or unrealized) and (g) the tax effect of any of the items described in clauses (a) through (f) above. 

“Consolidated Tax Expense” means, with respect to any Person or group, for any period with respect to any Relevant
Taxing Jurisdiction, the provision for all national, local and foreign federal, state or other income taxes of such Person or group for such period as determined on a combined basis in accordance with IFRS. 

  
 6 

 “Contingent Equity Agreement” means any agreements entered into by the
Issuer or any Restricted Subsidiary with lenders to an Unrestricted Subsidiary or their representative pursuant to which the Issuer or such Restricted Subsidiary agrees to make investments in such Unrestricted Subsidiary. 

“Corporate Trust Office” means the principal corporate trust office of the Trustee, at which at any particular time
its corporate trust business shall be administered, which office at the date of execution of this Indenture is located at 60 Wall Street, 27th Floor, MS: NYC60-2710, New York, New York 10005, Attention: Trust and Agency Services, or such other
address as the Trustee may designate from time to time by notice to the Holders and the Issuer, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by
notice to the Holders and the Issuer). 
 “Credit Facility” or “Credit Facilities” means one
or more debt facilities or indentures, as the case may be (including the Senior Credit Facility), or commercial paper facilities with banks, insurance companies or other institutional lenders providing for revolving credit loans, term loans, notes,
letters of credit or other forms of guarantees and assurances or other credit facilities or extensions of credit, including overdrafts, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from
time to time and, for the avoidance of doubt, includes any agreement extending the Maturity of, refinancing or restructuring all or any portion of the indebtedness under such agreements or any successor agreements. 

“Currency Agreements” means in respect of a Person any spot or forward foreign exchange agreements and currency swap,
currency option or other similar financial agreements or arrangements designed to protect such Person against or manage exposure to fluctuations in foreign currency exchange rates. 

“Custodian” means any receiver, trustee, assignee, liquidator, custodian, administrator or similar official under any
Bankruptcy Law. 
 “Debt” means, with respect to any Person, without duplication: 

(a) all liabilities of such Person for borrowed money (including overdrafts) or for the deferred purchase price of property or services,
excluding any trade payables and other accrued current liabilities Incurred in the ordinary course of business; 
 (b) all obligations of
such Person evidenced by bonds, notes, debentures or other similar instruments; 
 (c) all obligations, contingent or otherwise, of such
Person in connection with any letters of credit, bankers’ acceptances, receivables facilities or other similar facilities; 
 (d) all
indebtedness of such Person created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even if the rights and remedies of the seller or lender under such agreement in the event
of default are limited to repossession or sale of such property), but excluding trade payables arising in the ordinary course of business; 

  
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 (e) all Capitalized Lease Obligations of such Person; 

(f) all obligations of such Person under or in respect of Interest Rate Agreements and Currency Agreements; 

(g) all Debt referred to in (but not excluded from) the preceding clauses (a) through (f) of other Persons, the payment of which is
secured by any Lien upon or with respect to property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Debt (the amount of such
obligation being deemed to be the lesser of the Fair Market Value of such property or asset and the amount of the obligation so secured); 

(h) all guarantees by such Person of Debt referred to in this definition of any other Person; 

(i) all Redeemable Capital Stock of such Person valued at the greater of its voluntary maximum fixed repurchase price and involuntary maximum
fixed repurchase price plus accrued and unpaid dividends; and 
 (j) Preferred Stock of any Restricted Subsidiary; 

provided that the term “Debt” shall not include (i) non-interest-bearing installment obligations and accrued liabilities Incurred in the
ordinary course of business that are not more than 90 days past due; (ii) Debt in respect of the Incurrence by the Issuer or any Restricted Subsidiary of Debt in respect of standby letters of credit, performance bonds or surety bonds provided
by the Issuer or any Restricted Subsidiary in the ordinary course of business to the extent such letters of credit or bonds are not drawn upon or, if and to the extent drawn upon are honored in accordance with their terms and if, to be reimbursed,
are reimbursed no later than the fifth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit or bond; (iii) anything accounted for as an operating lease in accordance with IFRS as
at the date of this Indenture; and (iv) any pension obligations of the Issuer or a Restricted Subsidiary. 
 For purposes
of this definition, the “maximum fixed repurchase price” of any Redeemable Capital Stock that does not have a fixed redemption, repayment or repurchase price will be calculated in accordance with the terms of such Redeemable Capital Stock
as if such Redeemable Capital Stock were purchased on any date on which Debt will be required to be determined pursuant to this Indenture, and if such price is based upon, or measured by, the Fair Market Value of such Redeemable Capital Stock, such
Fair Market Value will be determined in good faith by the board of directors of the issuer of such Redeemable Capital Stock; provided that if such Redeemable Capital Stock is not then permitted to be redeemed, repaid or repurchased, the
redemption, repayment or repurchase price shall be the book value of such Redeemable Capital Stock as reflected in the most recent financial statements of such Person. 

  
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 “Default” means any event that is, or after notice or passage of time or
both would be, an Event of Default. 
 “Depository” or “DTC” means, with respect to the
Notes issued in the form of one or more Global Notes, The Depository Trust Company or another Person designated as Depository by the Issuer, which Person must be a clearing agency registered under the Exchange Act. 

“Digicel Limited” means Digicel Limited, an exempted company incorporated and existing under the laws of Bermuda.

 “Digicel Limited Indentures” means the indentures, dated December 8, 2009, February 10, 2012
and March 5, 2013, in each case, among Digicel Limited, the subsidiary guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee, and any future indentures entered into by Digicel Limited, in each case, as amended, restated,
modified, renewed, refunded, replaced or refinanced in whole or in part from time to time and, for the avoidance of doubt, includes any agreement extending the maturity of, refinancing or restructuring all or any portion of the indebtedness under
such agreements or any successor agreements. 
 “Digicel Limited Notes” means the 8.25% Senior Notes due
2017, the 7.00% Senior Notes due 2020 and the 6.00% Senior Notes due 2021 of Digicel Limited and other senior notes issued by Digicel Limited from time to time; provided that for purposes of Section 4.08, the terms of such other
senior notes, with respect to the making of Restricted Payments, are not materially more favorable (as determined in good faith by the board of directors of the Issuer) to Digicel Limited than the corresponding terms of the Digicel Limited Notes
outstanding on the Issue Date, in each case, of Digicel Limited and, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time and, for the avoidance of doubt, includes any
agreement extending the maturity of, refinancing or restructuring all or any portion of such notes or any successor thereto. 

“Disinterested Director” means, with respect to any transaction or series of related transactions, a member of the
Issuer’s board of directors who does not have any material direct or indirect financial interest in or with respect to such transaction or series of related transactions or is not an Affiliate, or an officer, director or employee of any Person
(other than the Issuer) who has any direct or indirect financial interest in or with respect to such transaction or series of related transactions. 

“dollars” means the lawful currency of the United States of America. 

“EBITDA” means, with respect to any Person or group, for any period the Consolidated Net Income of such Person or group for
such period (A) plus the sum of (i) Consolidated Interest Expense of such Person or group for such period, (ii) Consolidated Tax Expense of such Person or group for such period, (iii) the combined depreciation and amortization
expense included in the income statement of such Person or group for such period, (iv) any other non-cash items reducing Consolidated Net Income (other than any 

  
 9 

 
such non-cash item to the extent that it represents an accrual of or reserve for cash expenditures in any future period required to be made by IFRS) and (v) charges or expenses related
to any stock option plan or employee benefit plan required to be made pursuant to IFRS, and (B) minus all non-cash items increasing Consolidated Net Income for such period (other than any such non-cash item to the extent that it will result in
the receipt of cash payments in any future period); provided that, for purposes of any determination pursuant to Section 4.06(a), in the event any of such Person or group has made Asset Sales or acquisitions of assets not in the ordinary
course of business (including acquisitions of other Persons by merger, consolidation or purchase of Capital Stock) during or after such period, EBITDA shall be calculated on a pro forma basis (determined in good faith by the chief financial officer
of such Person in an Officer’s Certificate) as if the Asset Sales or acquisitions had taken place on the first day of such period. 

“Equity Offering” means an offer and sale of capital stock (which is Qualified Capital Stock) of the Issuer or any
direct or indirect parent holding company of the Issuer with gross proceeds to the Issuer of at least $50.0 million (including any sale of common shares purchased upon the exercise of any over-allotment option granted in connection therewith).

 “euro” means the lawful currency of the member states of the European Union who have agreed to share a common
currency in accordance with the provisions of the Maastricht Treaty dealing with European monetary union. 

“Euroclear” means Euroclear S.A./N.V., as operator of the Euroclear System. 

“Exchange Act” means the US Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and
regulations promulgated by the Commission thereunder. 
 “Existing DGL Indentures” means the indenture dated
March 22, 2010, between the Issuer and Deutsche Bank Trust Company Americas, as trustee and the indenture dated September 19, 2012, between the Issuer and Deutsche Bank Trust Company Americas, as trustee. 

“Existing DGL Notes” means the 10.5% Senior Notes due 2018 and the 8.25% Senior Notes due 2020 in each case, of the
Issuer. 
 “Fair Market Value” means, with respect to any asset or property, the sale value that would be
obtained in an arm’s-length free market transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy, as determined in good faith by the Issuer’s board of
directors. 
 “Guarantee” means any guarantee, if any, of the Issuer’s obligations under this Indenture
and the Notes by the Issuer, any Restricted Subsidiary or any other Person in accordance with the provisions of this Indenture. When used as a verb, “Guarantee” shall have a corresponding meaning. 

  
 10 

 “guarantees” means, as applied to any obligation, 

(a) a guarantee (other than by endorsement of negotiable instruments for collection or deposit in the ordinary course of business), direct or
indirect, in any manner, of any part or all of such obligation; and 
 (b) except for the purposes of Section 4.20, an agreement, direct or
indirect, contingent or otherwise, the practical effect of which is to assure in any way the payment or performance (or payment of damages in the event of non-performance) of all or any part of such obligation, including, without limiting the
foregoing, by the pledge of assets and the payment of amounts drawn down under letters of credit. 
 “Guarantor”
means any Person, if any, that is required after the date of this Indenture to execute a guarantee of the Notes pursuant to Section 4.20 until a successor replaces such party pursuant to the applicable provisions of this Indenture and, thereafter,
shall mean such successor. On the Issue Date, there will not be any Guarantors. 
 “Holder” means the Person
in whose name a Note is registered on the Registrar’s books. 
 “IFRS” means the International Financial
Reporting Standards. 
 “Incur” means, with respect to any Debt or other obligation of any Person, to create,
issue, incur (by conversion, exchange or otherwise), assume, Guarantee or otherwise become liable in respect of such Debt or other obligation, including by acquisition of Subsidiaries (the Debt of any other Person becoming a Subsidiary of such
Person being deemed for this purpose to have been incurred at the time such other Person becomes a Subsidiary), or the recording, as required pursuant to generally accepted accounting principles or otherwise, of any such Debt or other obligation on
the balance sheet of such Person (and “Incurrence” and “Incurred” shall have meanings correlative to the foregoing); provided, however, that a change in generally accepted
accounting principles that results in an obligation of such Person that exists at such time becoming Debt shall not be deemed an Incurrence of such Debt. 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by
one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the TIA that are expressly incorporated, by
reference or otherwise, herein and in any such supplemental indenture, respectively. 
 “Interest Payment
Date” means the Stated Maturity of an installment of interest on the Notes. 
 “Interest Rate
Agreements” means in respect of a Person any interest rate protection agreements and other types of interest rate hedging agreements (including, without limitation, interest rate swaps, caps, floors, collars and similar agreements) designed
to protect such Person against or manage exposure to fluctuations in interest rates. 

  
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 “Investment” means, with respect to any Person, any direct or indirect
advance, loan or other extension of credit (including guarantees) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase,
acquisition or ownership by such Person of any Capital Stock, bonds, notes, debentures or other securities or evidences of Debt issued or owned by, any other Person and all other items that would be classified as investments on a balance sheet
prepared in accordance with IFRS. In addition, the portion (proportionate to the Issuer’s equity interest in such Restricted Subsidiary) of the Fair Market Value of the net assets of any Restricted Subsidiary at the time that such Restricted
Subsidiary is designated an Unrestricted Subsidiary will be deemed to be an “Investment” that the Issuer made in such Unrestricted Subsidiary at such time. The portion (proportionate to the Issuer’s equity interest in such Restricted
Subsidiary) of the Fair Market Value of the net assets of any Unrestricted Subsidiary at the time that such Unrestricted Subsidiary is designated a Restricted Subsidiary will be considered a reduction in outstanding Investments.
“Investments” excludes extensions of trade credit on commercially reasonable terms in accordance with normal trade practices. 

“Issue Date” means, in respect of any Note, the date on which such Note was initially issued. 

“Issuer” means the party named as such in this Indenture until a successor replaces it and, thereafter, means the
successor. 
 “Issuer Order” means a written order signed in the name of the Issuer by any Person authorized
by a resolution of the board of directors of the Issuer. 
 “Leverage Ratio” means, with respect to any
Person or group, when used in connection with any Incurrence (or deemed Incurrence) of Debt (excluding Debt under or in respect of Interest Rate Agreements and Currency Agreements), the ratio of (i) the combined principal amount of Debt of such
Person or group on a combined basis outstanding as of the most recent available quarterly or annual balance sheet, after giving pro forma effect to (a) the Incurrence of such Debt and any other Debt Incurred since such balance sheet date,
(b) the receipt and application of the proceeds thereof and (c) (without duplication) the repayment, redemption or repurchase of any other Debt since such balance sheet date, to (ii) the product of (x) two and (y) EBITDA for
such Person or group on a combined basis for the latest two fiscal quarters ended on such balance sheet date. 

“Lien” means any mortgage or deed of trust, charge, pledge, lien (statutory or otherwise), privilege, security
interest, hypothecation, assignment for security, claim, or preference or priority or other encumbrance upon or with respect to any property of any kind, real or personal, movable or immovable, now owned or hereafter acquired. A Person shall be
deemed to own subject to a Lien any property which such Person has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement. 

  
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 “Maturity” means, with respect to any indebtedness, the date on which any
principal of such indebtedness becomes due and payable as therein or herein provided, whether at the Stated Maturity with respect to such principal or by declaration of acceleration, call for redemption or purchase or otherwise.  

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

“Net Proceeds” means: 

(a) with respect to any Asset Sale, the proceeds thereof in the form of cash or Cash Equivalents including payments in respect of deferred
payment obligations when received in the form of, or stock or other assets when disposed for, cash or Cash Equivalents (except to the extent that such obligations are financed or sold with recourse to the Issuer or any Restricted Subsidiary), net
of: 
 (i) brokerage commissions and other fees and expenses (including, without limitation, fees and expenses of legal
counsel, accountants, investment banks and other consultants) related to such Asset Sale; 
 (ii) provisions for all taxes
paid or payable, or required to be accrued as a liability under IFRS as a result of such Asset Sale; 
 (iii) all payments
made on any Debt that is secured by any Property subject to such Asset Sale, in accordance with the terms of any Lien upon or other security agreement of any kind with respect to such Property, or which must by its terms, or in order to obtain a
necessary consent to such Asset Sale, or by applicable law, be repaid out of the proceeds from such Asset Sale; 
 (iv) all
distributions and other payments required to be made to any Person (other than the Issuer or any Restricted Subsidiary) owning a beneficial interest in the assets subject to the Asset Sale; and 

(v) appropriate amounts required to be provided by the Issuer or any Restricted Subsidiary, as the case may be, as a reserve in
accordance with IFRS against any liabilities associated with such Asset Sale and retained by the Issuer or any Restricted Subsidiary, as the case may be, after such Asset Sale, including, without limitation, pension and other post-employment benefit
liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations associated with such Asset Sale, all as reflected in an Officers’ Certificate delivered to the Trustee; and 

(b) with respect to any capital contributions, issuance or sale of Capital Stock or options, warrants or rights to purchase Capital Stock, or
debt securities or Capital Stock that have been converted into or exchanged for Capital Stock as referred to Section 4.08, the proceeds of such issuance or sale in the form of cash or Cash Equivalents or

  
 13 

 
other assets used or useful in the business, payments in respect of deferred payment obligations when received in the form of, or stock or other assets when disposed of for, cash or Cash
Equivalents or other assets used or useful in the business (except to the extent that such obligations are financed or sold with recourse to the Issuer or any Restricted Subsidiary), net of attorney’s fees, accountant’s fees and brokerage,
consultation, underwriting and other fees and expenses actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result of thereof. 

“Notes” means the Initial Notes and more particularly means any Note authenticated and delivered under this Indenture.
For all purposes of this Indenture, the term “Notes” shall also include any Additional Notes. For purposes of this Indenture and except as set forth in Section 9.02(a), all references to Notes to be issued or authenticated upon transfer,
replacement or exchange shall be deemed to, unless the context requires otherwise, include any Additional Notes that are actually issued. 

“Offering Memorandum” means the offering memorandum dated March 19, 2014 prepared in connection with the initial
offering of the Notes. 
 “Officer’s Certificate” means a certificate signed by an officer of the Issuer
or a Surviving Entity, as the case may be, and delivered to the Trustee. 
 “Opinion of Counsel” means a
written opinion from legal counsel. The counsel may be an employee of or counsel to the Issuer or the Trustee. 

“Pari Passu Debt” means any Debt of the Issuer that ranks equally in right of payment with the Notes. 

“Permitted Debt” has the meaning set forth in Section 4.06. 

“Permitted Holder” means (i) each of the direct shareholders of record of the Issuer on the Issue Date (as
defined in this Indenture) and any Affiliate or Permitted Transferee thereof, (ii) a Person of which the Issuer is a Subsidiary and a majority of whose Voting Stock is “beneficially owned” by Persons identified in clause (i) of
this definition or (iii) any Subsidiary of a Person identified in clause (ii) of this definition. 

“Permitted Investments” means any of the following: 

(a) Investments in cash or Cash Equivalents; 

(b) intercompany Debt to the extent permitted under Section 4.06(b)(iv); 

(c) Investments in (i) the Issuer, (ii) a Restricted Subsidiary or (iii) another Person if as a result of such Investment such
other Person becomes a Restricted Subsidiary or such other Person is merged or consolidated with or into, or transfers or conveys all or substantially all of its assets to, the Issuer or a Restricted Subsidiary; 

  
 14 

 (d) Investments made by the Issuer or any Restricted Subsidiary as a result of, or retained in
connection with, an Asset Sale permitted under or made in compliance with Section 4.09 to the extent such Investments are non-cash proceeds permitted thereunder; 

(e) expenses or advances to cover payroll, travel, entertainment, moving, other relocation and similar matters that are expected at the time
of such advances to be treated as expenses in accordance with IFRS; 
 (f) Investments in the Notes and the Issuer’s other outstanding
notes; 
 (g) Investments existing at the date of this Indenture; 

(h) Investments in Interest Rate Agreements and Currency Agreements permitted under clauses (b)(viii), (b)(ix) and (b)(x) of Section 4.06;

 (i) loans and advances (or guarantees to third party loans) to directors, officers or employees of the Issuer or any Restricted
Subsidiary made in the ordinary course of business and consistent with the Issuer’s past practices or past practices of the Restricted Subsidiaries, as the case may be, in an amount outstanding not to exceed at any one time $1.0 million; 

(j) Investments in a Person to the extent that the consideration therefor consists of the net proceeds of the substantially concurrent issue
and sale (other than to any Subsidiary) of shares of the Issuer’s Qualified Capital Stock; provided that the net proceeds of such sale have been excluded from, and shall not have been included in, the calculation of the amount determined
under clause (b)(iii)(B) of Section 4.08; 
 (k) any payments or other transactions pursuant to a tax sharing agreement between the Issuer
and any other Person with whom the Issuer files or filed a consolidated tax return or with which the Issuer is or was part of a consolidated group for tax purposes or any tax advantageous group contribution made pursuant to applicable legislation;

 (l) Investments of the Issuer or the Restricted Subsidiaries in Unrestricted Subsidiaries directly or indirectly operating businesses
Central America or the South Pacific region, (i) pursuant to Contingent Equity Agreements, not to exceed $75.0 million in the aggregate and (ii) of up to $200.0 million (after giving effect to any reductions in the amount of any such
Investments as a result of the repayment or other disposition thereof, or designation of the Person in which the Investment was made as a Restricted Subsidiary, the amount of such reduction not to exceed the amount of such Investments previously
made pursuant to this clause (l)); 
 (m) (i) stock, obligations or securities received in satisfaction of judgments, foreclosure of liens
or settlement of debts, and (ii) any Investments received in compromise of obligations of such persons Incurred in the ordinary course of trade creditors or customers that were Incurred in the ordinary course of business, including pursuant to
any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer; 

  
 15 

 (n) Investments in deposit accounts, time deposits and similar short term investments in a
Qualified Currency at a Qualified Bank; and 
 (o) other Investments not to exceed in the aggregate the greater of (i) $125.0 million
or (ii) 2.5% of Total Assets (after giving effect to any reductions in the amount of any such Investments as a result of the repayment or other disposition thereof, or designation of the Person in which the Investment was made as a Restricted
Subsidiary, the amount of such reduction not to exceed the amount of such Investments previously made pursuant to this clause (o)). 

“Permitted Joint Venture” means a Restricted Subsidiary that is a joint venture with one or more minority shareholders
formed in connection with acquisition, development and operation of telecommunications businesses as required by law or the terms of any license or concession or consistent with industry practice. 

“Permitted Liens” means the following types of Liens: 

(a) Liens (other than Liens securing Debt under the Senior Credit Facility or the Digicel Limited Notes) existing as of the date of the
issuance of the Notes; 
 (b) Liens securing Debt under Credit Facilities permitted to be incurred pursuant to clause (a) of Section
4.06 and any other Debt of a Subsidiary; 
 (c) Liens on any property or assets of a Restricted Subsidiary granted in favor of the Issuer or
any Restricted Subsidiary; 
 (d) Liens on any of the Issuer’s or any Restricted Subsidiary’s property or assets securing the
Notes; 
 (e) any interest or title of a lessor under any Capitalized Lease Obligation and Liens to secure Debt (including Capitalized Lease
Obligations) permitted under Section 4.06 covering only the assets acquired with such Debt; 
 (f) Liens arising out of conditional sale,
title retention, consignment or similar arrangements for the sale of goods entered into by the Issuer or any Restricted Subsidiary in the ordinary course of business in accordance with the Issuer’s or such Restricted Subsidiary’s past
practices prior to the date of this Indenture; 
 (g) statutory Liens of landlords and carriers, warehousemen, mechanics, suppliers,
materialmen, repairmen, employees, pension plan administrators or other like Liens arising in the ordinary course of the Issuer’s or any Restricted Subsidiary’s business and with respect to amounts not yet delinquent or being contested in
good faith by appropriate proceedings and for which a reserve or other appropriate provision, if any, as shall be required in conformity with IFRS shall have been made or Liens arising solely by virtue of any statutory or common law provisions
relating to attorney’s liens or bankers’ liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with a creditor depositary institution; 

  
 16 

 (h) Liens for taxes, assessments, government charges or claims that are not yet delinquent or
that are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted and for which a reserve or other appropriate provision, if any, as shall be required in conformity with IFRS shall have been made; 

(i) Liens Incurred or deposits made to secure the performance of tenders, bids or trade or government contracts, or to secure leases,
statutory or regulatory obligations, surety or appeal bonds, performance bonds or other obligations of a like nature Incurred in the ordinary course of business (other than obligations for the payment of money); 

(j) zoning restrictions, easements, licenses, reservations, title defects, rights of others for rights-of-way, utilities, sewers, electrical
lines, telephone lines, telegraph wires, restrictions, encroachments and other similar charges, encumbrances or title defects and Incurred in the ordinary course of business that do not in the aggregate materially interfere with in any material
respect the ordinary conduct of the business of the Issuer and its Restricted Subsidiaries on the properties subject thereto, taken as a whole; 

(k) Liens arising by reason of any judgment, decree or order of any court so long as such Lien is adequately bonded and any appropriate legal
proceedings that may have been duly initiated for the review of such judgment, decree or order shall not have been finally terminated or the period within which such proceedings may be initiated shall not have expired; 

(l) Liens on property of, or on shares of Capital Stock or Debt of, any Person existing at the time such Person is acquired by, merged
with or into or consolidated with, the Issuer or any Restricted Subsidiary; provided that such Liens (i) do not extend to or cover any property or assets of the Issuer or any Restricted Subsidiary other than the property or assets
acquired or than those of the Person merged into or consolidated with the Issuer or Restricted Subsidiary and (ii) were created prior to, and not in connection with or in contemplation of such acquisition, merger or consolidation; 

(m) Liens securing the Issuer’s or any Restricted Subsidiary’s obligations under Interest Rate Agreements or Currency Agreements
permitted under clauses (b)(viii) and (b)(ix) of Section 4.06 or any collateral for the Debt to which such Interest Rate Agreements or Currency Agreements relate; 

(n) Liens Incurred or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance
and other types of social security or other insurance (including unemployment insurance); 
 (o) Liens encumbering deposits made to secure
obligations arising from statutory, regulatory, contractual, or warranty requirements of the Issuer or any Restricted Subsidiary, including rights of offset and set-off; 

(p) any extension, renewal or replacement, in whole or in part, of any Lien described in the foregoing clauses (a) through (o);
provided that any such extension, renewal or replacement shall be no more restrictive in any material respect than the Lien so extended, renewed or replaced and shall not extend in any material respect to any additional property or assets;

  
 17 

 (q) Liens securing Debt Incurred to refinance Debt that has been secured by a Lien
permitted by this Indenture, provided that (i) any such Lien shall not extend to or cover any assets not securing the Debt so refinanced and (ii) the Debt so refinanced shall have been permitted to be incurred pursuant to clause
(b)(xii) of Section 4.06; 
 (r) purchase money Liens to finance property or assets of the Issuer or any Restricted Subsidiary
acquired in the ordinary course of business; provided that (i) the related purchase money Debt shall not exceed the cost of such property or assets and shall not be secured by any property or assets of the Issuer or any Restricted
Subsidiary other than the property and assets so acquired and (ii) the Lien securing such Debt shall be created within 90 days of such acquisitions; 

(s) Liens with respect to obligations that do not exceed $25.0 million at any one time outstanding; 

(t) options, put and call arrangements, rights of first refusal and similar rights relating to Investments in joint ventures, partnerships and
the like; 
 (u) judgment Liens, and Liens securing appeal bonds or letters of credit issued in support of or in lieu of appeal bonds, so
long as no Event of Default then exists; 
 (v) Liens on property of a Person at the time such Person becomes a Restricted Subsidiary
of the Issuer; provided such Liens were not created in contemplation thereof and do not extend to any other property of the Issuer or any Restricted Subsidiary; 

(w) Liens on property at the time the Issuer or any of the Restricted Subsidiaries acquires such property, including any acquisition by
means of a merger or consolidation with or into the Issuer or a Restricted Subsidiary; provided such Liens were not created in contemplation thereof and do not extent to any other property of the Issuer or any Restricted Subsidiary;

 (x) Liens securing Debt or other obligations of the Issuer or a Restricted Subsidiary to the Issuer or a Restricted Subsidiary; and

 (y) any pledge of the Capital Stock or Debt of an Unrestricted Subsidiary to secure Debt or other obligations of such Unrestricted
Subsidiary. 
 “Permitted Refinancing Debt” means any renewals, extensions, substitutions, refinancings or
replacements (each, for purposes of this definition and clause (b)(xii) of Section 4.06, a “refinancing”) of any Debt of the Issuer or a Restricted Subsidiary or pursuant to this definition, including any successive refinancings, so
long as: 
 (a) such Debt is in an aggregate principal amount (or if Incurred with original issue discount, an aggregate issue price)
not in excess of the sum of (i) the aggregate 

  
 18 

 
principal amount (or if Incurred with original issue discount, the aggregate accreted value) then outstanding of the Debt being refinanced and (ii) an amount necessary to pay any fees and
expenses, including premiums and defeasance costs, related to such refinancing; 
 (b) the Average Life of such Debt is equal to or greater
than the Average Life of the Debt being refinanced; 
 (c) the Stated Maturity of such Debt is no earlier than the Stated Maturity of the
Debt being refinanced; and 
 (d) the new Debt is not senior in right of payment to the Debt that is being refinanced; provided that
Permitted Refinancing Debt will not include Debt of any Restricted Subsidiary that refinances Debt of an Unrestricted Subsidiary. 

“Permitted Transferee” means, with respect to Person, (i) such Person’s spouse or children (natural or adopted),
any trust for Person’s benefit or the benefit of his spouse or children (natural or adopted), or any corporation or partnership, all of the direct and beneficial equity ownership and Indebtedness of which is held by such Person or one or more
of the foregoing, but only so long as such Person shall retain ultimate control over the transferred assets; and (ii) the heirs, executors, administrators or personal representatives upon the death of such Person or upon the incompetency or
disability of such Person for purposes of the protection and management of such Person’s assets. 
 “Person”
means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“Preferred Stock” means, with respect to any Person, Capital Stock of any class or classes (however designated) of
such Person which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over the Capital Stock of any other class of such Person
whether now outstanding, or issued after the date of this Indenture, and including, without limitation, all classes and series of preferred or preference stock of such Person. 

“pro forma” means, with respect to any calculation made or required to be made pursuant to the terms of the Notes, a
calculation in accordance with Article 11 of Regulation S-X promulgated under the Securities Act (to the extent applicable) or in good faith by the Issuer’s principal accounting officer. 

“Property” means, with respect to any Person, any interest of such Person in any kind of property or asset, whether
real, personal or mixed, or tangible or intangible, including Capital Stock, and other securities of, any other Person. For purposes of any calculation required pursuant to this Indenture, the value of any Property shall be its Fair Market Value.

 “QIB” means a “Qualified Institutional Buyer” as defined under Rule 144A. 

  
 19 

 “Qualified Bank” means a financial institution located in a Qualified
Jurisdiction and of recognized stature having capital and surplus in excess of US$100.0 million. 
 “Qualified Capital
Stock” of any Person means any and all Capital Stock of such Person other than Redeemable Capital Stock. 

“Qualified Currency” means US dollars, euros or the currency of a Qualified Jurisdiction. 

“Qualified Jurisdiction” means the State of New York, Bermuda, the Cayman Islands and any other jurisdiction (being or
within any country whose long term US$ debt has an investment rating from S&P’s and Moody’s (or if only one such Rating Agency is then rating such debt, from such Rating Agency) of at least BBB or Baa3, respectively). 

“Rating Agency” means S&P and/or Moody’s. 

“Record Date” for the interest payable on any Interest Payment Date means the March 15 or September 15
(whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 
 “Redeemable Capital
Stock” means any class or series of Capital Stock that, either by its terms, by the terms of any security into which it is convertible or exchangeable or by contract or otherwise, is, or upon the happening of an event or passage of time
would be, required to be redeemed prior to the final Stated Maturity of the Notes or is redeemable at the option of the holder thereof at any time prior to such final Stated Maturity (other than upon a change of control of the Issuer in
circumstances in which the Holders would have similar rights), or is convertible into or exchangeable for debt securities at any time prior to such final Stated Maturity; provided that any Capital Stock that would constitute
Qualified Capital Stock but for provisions thereof giving holders thereof the right to require such Person to repurchase or redeem such Capital Stock upon the occurrence of any “asset sale” or “change of control” occurring prior
to the Stated Maturity of the Notes will not constitute Redeemable Capital Stock if the “asset sale” or “change of control” provisions applicable to such Capital Stock are no more favorable to the holders of such Capital Stock
than the provisions of Section 4.09 or Section 4.11 and such Capital Stock specifically provides that such Person will not repurchase or redeem any such stock pursuant to such provision prior to the Issuer’s repurchase of such Notes as are
required to be repurchased pursuant to Section 4.09 or Section 4.11. 
 “Redemption Date”, when used with
respect to any Note to be redeemed, in whole or in part, means the date fixed for such redemption by or pursuant to 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 this Indenture. 
 “Regulation S” means Regulation S under the Securities Act (including any
successor regulation thereto), as it may be amended from time to time. 

  
 20 

 “Replacement Assets” means properties and assets that replace the
properties and assets that were the subject of an Asset Sale or properties and assets that will be used in the Issuer’s business or in that of the Restricted Subsidiaries or any and all businesses that in the good faith judgment of the board of
directors of the Issuer are reasonably related. 
 “Restricted Subsidiary” means any Subsidiary of the Issuer
other than an Unrestricted Subsidiary. 
 “Rule 144” means Rule 144 under the Securities Act (including any
successor regulation thereto), as it may be amended from time to time. 
 “Rule 144A” means Rule 144A under
the Securities Act (including any successor regulation thereto), as it may be amended from time to time. 

“S&P” means Standard and Poor’s Ratings Service, a division of The McGraw-Hill Companies, Inc. and its
successors. 
 “Securities Act” means the US Securities Act of 1933, as amended, or any successor statute,
and the rules and regulations promulgated by the Commission thereunder. 
 “Senior Credit Facility” means
each present or future “Facility Agreement” as defined in the Common Agreement dated January 12, 2005 among Digicel International Finance Limited, as Borrower, The Bank of Nova Scotia, as Tranche A Administrative Agent, Nordea Bank AB
(publ), as Tranche B Administrative Agent, National Commercial Bank Jamaica Limited, as Tranche C Administrative Agent, The Bank of Nova Scotia Jamaica Limited, as Tranche D Administrative Agent, Pan Caribbean Merchant Bank Limited, as Jamaica
Trustee, RBTT Trust Limited, as US$ Trustee, Citibank N.A., as Collateral Agent, Scotia Jamaica Investment Management Limited, as Mossel Co-Collateral Agent, RBTT Trust Limited, as DECL Co-Collateral Agent, and Butterfield Bank (Cayman) Limited, as
Cayman Co-Collateral Agent together with any related documents (including any security documents and guarantee agreements), as any such agreement or document may be amended, modified, supplemented, restated, extended, renewed, refinanced or replaced
or substituted from time to time and includes any agreement extending the Maturity of, or restructuring all or any portion of, the Debt under such agreement or any successor agreements and includes any agreement with one or more banks or other
lending institutions refinancing all or any portion of the Debt under such agreement or any successor agreements. 

“Significant Subsidiary” means any Restricted Subsidiary that would be a “Significant Subsidiary” of the
Issuer within the meaning of either clause (1) or (2) of Article I, Rule 1-02(w) under Regulation S-X promulgated under the Securities Act, as such regulation is in effect on the Issue Date. 

“Stated Maturity” means, when used with respect to any Note or any installment of interest thereon, the date specified
in such Note as the fixed date on which the principal of such Note or such installment of interest, respectively, is due and payable,  

  
 21 

 
and, when used with respect to any other indebtedness, means the date specified in the instrument governing such indebtedness as the fixed date on which the principal of such indebtedness, or any
installment of interest thereon, is due and payable. 
 “Subordinated Debt” means Debt of the Issuer that is
subordinated in right of payment to the Notes. 
 “Subsidiary” means, with respect to any Person: 

(a) a corporation a majority of whose Voting Stock is at the time, directly or indirectly, owned by such Person, by one or more Subsidiaries
of such Person or by such Person and one or more Subsidiaries thereof; and 
 (b) any other Person (other than a corporation), including,
without limitation, a partnership, limited liability company, business trust or joint venture, in which such Person, one or more Subsidiaries thereof or such Person and one or more Subsidiaries thereof, directly or indirectly, at the date of
determination thereof, has at least majority ownership interest entitled to vote in the election of directors, managers or trustees thereof (or other Person performing similar functions). 

“TIA” means the Trust Indenture Act. 

“Total Assets” means the total assets of the Issuer and its Restricted Subsidiaries on a consolidated basis, as shown
on the most recent consolidated balance sheet of the Issuer or such other Person as may be expressly stated, calculated on a pro forma basis to reflect any acquisition or disposition consummated after the date of such balance sheet and on or prior
to the date of determination. 
 “Trust Indenture Act” means the US Trust Indenture Act of 1939, as amended,
or any successor statute, and the rules and regulations promulgated by the Commission thereunder. 
 “Trust
Officer” means, when used with respect to the Trustee, any director, vice president, assistant vice president or associate in the corporate trust administration of the Trustee or any other officer of the Trustee customarily performing
functions similar to those performed by any of the above-designated officers, and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity
with the particular subject, and, in each case, who shall have direct responsibility for the administration of this Indenture. 

“Trustee” means the party named as such in this Indenture until a successor replaces it in accordance with the
provisions of this Indenture and, thereafter, means the successor serving hereunder. 
 “Unrestricted
Subsidiary” means: 
 (a) Digicel (CA) Limited; 

  
 22 

 (b) any Subsidiary of the Issuer that at the time of determination is an Unrestricted Subsidiary
(as designated by the Issuer’s board of directors pursuant to Section 4.17); and 
 (c) any Subsidiary of an Unrestricted Subsidiary.

 “U.S. Government Obligations” means direct obligations (or certificates representing an ownership interest in
such obligations) of the United States (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States is pledged. 

“Voting Stock” means any class or classes of Capital Stock pursuant to which the holders thereof have the general
voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees (or Persons performing similar functions) of any Person (irrespective of whether or not, at the time, stock of any other class or
classes shall have, or might have, voting power by reason of the happening of any contingency). 
 “Wholly Owned
Restricted Subsidiary” means a Restricted Subsidiary that is a Wholly Owned Subsidiary of the Issuer. 

“Wholly Owned Subsidiary” of any Person means any Subsidiary of such Person, all of the outstanding Capital Stock
(other than directors’ qualifying shares or shares of such Person required to be owned by third parties pursuant to applicable law) of which is owned by such Person or by one or more other Wholly Owned Subsidiaries of such Person or by such
Person and one or more other Wholly Owned Subsidiaries of such Person. 
 Section 1.02. Other Definitions.

  

			
	 Term
	  	 Defined in Section

	 “Additional Amounts”
	  	4.12(a)
	 “Authorized Agent”
	  	13.09
	 “Change of Control Offer”
	  	4.11(a)
	 “Change of Control Purchase Date”
	  	4.11(a)
	 “Change of Control Purchase Price”
	  	4.11(a)
	 “Covenant Defeasance”
	  	8.03
	 “Defaulted Interest”
	  	2.12
	 “EU Savings Tax Directive”
	  	4.12
	 “Event of Default”
	  	6.01(a)
	 “Excess Proceeds”
	  	4.09(b)
	 “Excess Proceeds Offer”
	  	4.09(c)
	 “Global Notes”
	  	2.01(c)
	 “IAI Global Note”
	  	2.01(b)
	 “incorporated provision”
	  	13.01
	 “Initial Notes”
	  	Recitals
	 “Legal Defeasance”
	  	8.02

  
 23 

			
	 	  	 
	“Obligations”	  	10.01(a)
	“Participants”	  	2.01(c)
	“Paying Agent”	  	2.03
	“Registrar”	  	2.03
	“Regulation S Global Note”	  	2.01(b)
	“Relevant Taxing Jurisdiction”	  	4.12(a)
	“Restricted Global Note”	  	2.01(b)
	“Restricted Payment”	  	4.08(a)
	“Security Register”	  	2.03
	“Surviving Entity”	  	5.01(b)(i)
	“Taxes”	  	4.12(a)
	“Transfer Agent”	  	2.03

 Section 1.03. Trust Indenture Act Terms. The following TIA terms have the following meanings as
used in this Indenture: 
 “indenture securities” means the Notes. 

“indenture securities holder” means a Holder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the “indenture securities” means the Issuer and the Guarantors. 

All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by a Commission
rule under the TIA have the meanings assigned to them by such definitions. 
 Section 1.04. Rules of Construction. Unless the
context otherwise requires: 
 (i) a term has the meaning assigned to it; 

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

(iii) “or” is not exclusive; 

(iv) “including” or “include” means including or include without limitation; 

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

(vi) unsecured or unguaranteed Debt shall not be deemed to be subordinate or junior to secured or guaranteed Debt merely by virtue of its
nature as unsecured or unguaranteed Debt; and 
 (vii) the words “herein”, “hereof” and “hereunder” and other
words of similar import refer to this Indenture as a whole and not to any particular Article, Section, clause or other subdivision. 

  
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 ARTICLE TWO 

THE NOTES 

Section 2.01. The Notes. (a) Form and Dating. The Notes and the Trustee’s certificate of authentication
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. The Notes may have notations, legends or endorsements required by
law, the rules of any securities exchange agreements to which the Issuer is subject, if any, or usage, provided that any such notation, legend or endorsement is in form reasonably acceptable to the Issuer. The Issuer shall approve the form of the
Notes. Each Note shall be dated the date of its authentication. The terms and provisions contained in the form of the Notes shall constitute and are hereby expressly made a part of this Indenture. The Notes shall be issued only in fully registered
form, without coupons, and only in minimum denominations of $200,000 in principal amount and any integral multiples of $1,000 in excess thereof. 

(b) Global Notes. Notes offered and sold in reliance on Regulation S shall be issued initially in the form of one
or more Global Notes substantially in the form of Exhibit A hereto, with such applicable legends as are provided in Exhibit A hereto, except as otherwise permitted herein (the “Regulation S Global Note”), which shall be deposited on
behalf of the purchasers of the Notes represented thereby with the Depository, and registered in the name of the Depository or its nominee, as the case may be, for credit to an account of DTC or members of, or participants and account holders in DTC
(“Participants”) (or, in the case of the Regulation S Global Notes, of Euroclear and Clearstream), duly executed by the Issuer and authenticated by the Trustee (or an authenticating agent appointed by the Trustee in accordance with
Section 2.02) as hereinafter provided. The aggregate principal amount of the Regulation S Global Note may from time to time be increased or decreased by adjustments made by the Registrar on Schedule A to the Regulation S Global Note and recorded in
the Security Register, as hereinafter provided. 
 Notes offered and sold to QIBs in reliance on Rule 144A shall be issued
initially in the form of one or more Global Notes substantially in the form of Exhibit A hereto, with such applicable legends as are provided in Exhibit A hereto, except as otherwise permitted herein (the “Restricted Global Note”),
which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Depository, and registered in the name of the Depository or its nominee, as the case may be, for credit to an account of DTC or Participants, duly
executed by the Issuer and authenticated by the Trustee (or its agent in accordance with Section 2.02) as hereinafter provided. The aggregate principal amount of the Restricted Global Note may from time to time be increased or decreased by
adjustments made by the Registrar on Schedule A to the Restricted Global Note and recorded in the Security Register, as hereinafter provided. 

  
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 Notes transferred to Accredited Investors shall be issued initially in the form of one or
more Global Notes substantially in the form of Exhibit A hereto, with such applicable legends as are provided in Exhibit A hereto, except as otherwise permitted herein (the “IAI Global Note”), which shall be deposited on behalf of
the purchasers of the Notes represented thereby with the Depository, and registered in the name of the Depository or its nominee, as the case may be, for credit to an account of DTC or Participants, duly executed by the Issuer and authenticated by
the Trustee (or its agent in accordance with Section 2.02) as hereinafter provided. The aggregate principal amount of the IAI Global Note may from time to time be increased or decreased by adjustments made by the Registrar on Schedule A to the IAI
Global Note and recorded in the Security Register, as hereinafter provided. 
 (c) Book-Entry Provisions. This Section
2.01(c) shall apply to the IAI Global Note, Regulation S Global Note and the Restricted Global Note (together, the “Global Notes”) deposited with or on behalf of the Depository. 

Participants shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depository or by the
Trustee or any custodian of the Depository or under such Global Note, and the Depository or its nominee may be treated by the Issuer, a Guarantor, the Trustee and any agent of the Issuer, a Guarantor or the Trustee as the sole owner of such Global
Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, a Guarantor, the Trustee or any agent of the Issuer, a Guarantor or the Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depository or impair, as between the Depository and the Participants, the operation of customary practices of such persons governing the exercise of the rights of a Holder of a beneficial interest in any Global Note.

 Subject to the provisions of Section 2.10(b), the registered Holder of a Global Note may grant proxies and otherwise authorize any
Person, including Participants and Persons that may hold interests through Participants, to take any action that a Holder is entitled to take under this Indenture or the Notes. 

Except as provided in Section 2.10, owners of a beneficial interest in Global Notes will not be entitled to receive physical delivery of
certificated Notes. 
 Section 2.02. Execution and Authentication. An authorized member of the Issuer’s board of
directors or an executive officer of the Issuer shall sign the Notes on behalf of the Issuer by manual or facsimile signature. 
 If
an authorized member of the Issuer’s board of directors or an executive officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note shall be valid nevertheless. 

A Note shall not be valid or obligatory for any purpose until an authorized signatory of the Trustee manually signs the certificate of
authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

  
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 Upon receipt of an Issuer Order, the Issuer shall execute and the Trustee shall authenticate
(a) Initial Notes, on the date hereof, for original issue up to an aggregate principal amount of $1,000,000,000 and (b) Additional Notes, from time to time, subject to compliance at the time of issuance of such Additional Notes with the
provisions of Section 4.06. Any issue of Additional Notes that is to utilize the same ISIN or CUSIP number as a Note already issued hereunder shall be effected in a manner and under circumstances whereby the Additional Notes are fungible for U.S.
federal income tax purposes with the Notes previously issued. 
 The Trustee may appoint an authenticating agent reasonably acceptable to
the Issuer to authenticate the Notes. Unless limited by the terms of such appointment, any such authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by any such agent. An authenticating agent has the same rights as any Registrar, co-Registrar Transfer Agent or Paying Agent to deal with the Issuer or an Affiliate of the Issuer. 

The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section 2.02 if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability. 

Section 2.03. Registrar, Transfer Agent and Paying Agent. The Issuer shall maintain an office or agency for the
registration of the Notes and of their transfer or exchange (the “Registrar”), an office or agency where Notes may be transferred or exchanged (the “Transfer Agent”), an office or agency
where the Notes may be presented for payment (the “Paying Agent”) and an office or agency where notices or demands to or upon the Issuer in respect of the Notes may be served. The Issuer may appoint one or more
Transfer Agents, one or more co-Registrars and one or more additional Paying Agents. 
 The Issuer shall maintain a Transfer
Agent and Paying Agent in New York, New York. The Issuer may appoint one or more Transfer Agents, one or more co-Registrars and one or more additional Paying Agents. The Issuer or any of its Affiliates may act as Transfer Agent, Registrar,
co-Registrar, Paying Agent and agent for service of notices and demands in connection with the Notes; provided, that neither the Issuer nor any of its Affiliates shall act as Paying Agent for the purposes of Articles 3 and 8 and
Sections 4.09 and 4.11. 
 The Issuer hereby appoints the office of Deutsche Bank Trust Company Americas in New York, New York
located at the address set forth in Section 13.02(a) as Paying Agent in New York, New York and as Registrar. 
 Subject to any
applicable laws and regulations, the Issuer shall cause the Registrar to keep a register (the “Security Register”) at its corporate trust office in which, subject 

  
 27 

 
to such reasonable regulations it may prescribe, the Issuer shall provide for the registration of ownership, exchange, and transfer of the Notes. Such registration in the Security Register shall
be conclusive evidence of the ownership of Notes. Included in the books and records for the Notes shall be notations as to whether such Notes have been paid, exchanged or transferred, canceled, lost, stolen, mutilated or destroyed and whether such
Notes have been replaced. In the case of the replacement of any of the Notes, the Registrar shall keep a record of the Note so replaced and the Note issued in replacement thereof. In the case of the cancellation of any of the Notes, the Registrar
shall keep a record of the Note so canceled and the date on which such Note was canceled. 
 The Issuer shall enter into an appropriate
agency agreement with any Paying Agent or co-Registrar not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such agent. The Issuer shall notify the Trustee of the name and address of any such
agent. If the Issuer fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07. 

Section 2.04. Paying Agent To Hold Money in Trust. Not later than 11:00 a.m. Eastern time on each due date of the
principal, premium, if any, and interest on any Notes, the Issuer shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due on the due date for payment
under the Notes. The Issuer shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of
principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Issuer or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Issuer (or any other
obligor on the Notes) in making any such payment. The Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee may at any time during the continuance of any payment
default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. Upon doing so, the Paying Agent shall have no further liability for the money so paid over
to the Trustee. If the Issuer or any Affiliate of the Issuer acts as Paying Agent, it shall, on or before each due date of any principal, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the
Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and shall promptly notify the Trustee
of its action or failure to act. 
 Section 2.05. Holder Lists. The Registrar shall preserve in as current a form as is
reasonably practicable the most recent list available to it of the names and addresses of Holders and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee, in writing no
later than the Record Date for each Interest Payment Date and at such other times as the Trustee may request in writing, a list in such form and as of such Record Date as the Trustee may reasonably require of the names and addresses of Holders,
including the aggregate principal amount of Notes held by each Holder. 

  
 28 

 Section 2.06. Transfer and Exchange. (a) Where 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 of other denominations, the Registrar shall register the transfer or make the exchange in accordance with the requirements
of this Section 2.06. To permit registrations of transfers and exchanges, the Issuer shall execute and the Trustee shall, upon receipt of an Issuer Order, authenticate and deliver, in the name of the designated transferee or transferees, one or more
new Notes, of any authorized denominations and of a like aggregate principal amount, at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange of Notes (except as otherwise expressly permitted
herein), but the Issuer may require payment of a sum sufficient to cover any agency fee or similar charge payable in connection with any such registration of transfer or exchange of Notes (other than any agency fee or similar charge payable upon
exchanges pursuant to Section 2.10, 3.08 or 9.05) or in accordance with an Excess Proceeds Offer pursuant to Section 4.09 or Change of Control Offer pursuant to Section 4.11, not involving a transfer. 

Upon presentation for exchange or transfer of any Note as permitted by the terms of this Indenture and by any legend appearing on such Note,
such Note shall be exchanged or transferred upon the Security Register and one or more new Notes shall be authenticated and issued in the name of the Holder (in the case of exchanges only) or the transferee, as the case may be. No exchange or
transfer of a Note shall be effective under this Indenture unless and until such Note has been registered in the name of such Person in the Security Register. Furthermore, the exchange or transfer of any Note shall not be effective under this
Indenture unless the request for such exchange or transfer is made by the Holder or by a duly authorized attorney-in-fact at the office of the Registrar. 

Every Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Issuer or the Registrar) be duly
endorsed, or be accompanied by a written instrument or transfer, in form satisfactory to the Issuer and the Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 

All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Issuer evidencing the same
indebtedness, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

Neither the Issuer nor the Trustee, Registrar or any Paying Agent shall be required (i) to issue, register the transfer of, or exchange
any Note during a period beginning at the opening of 15 Business Days before the day of the mailing of a notice of redemption of Notes selected for redemption under Section 3.02 and ending at the close of business on the day of such mailing, 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. 

  
 29 

 (b) Notwithstanding any provision to the contrary herein, so long as a Global Note remains
outstanding and is held by or on behalf of the Depository, transfers of a Global Note, in whole or in part, or of any beneficial interest therein, shall only be made in accordance with Section 2.01(a), Section 2.01(c), Section 2.06(a) and this
Section 2.06(b); provided that a beneficial interest in a Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Global Note in accordance with the transfer restrictions set forth
in the restricted Note legend on the Note, if any. 
 (i) Except for transfers or exchanges made in accordance with
any of clauses (ii), (iii) or (iv) of this Section 2.06(b), transfers of a Global Note shall be limited to transfers of such Global Note in whole, but not in part, to nominees of the Depository or to a successor of the Depository or such succes-sor’s nominee. 
 (ii) Restricted Global Note/IAI Global Note to Regulation
S Global Note. If the Holder of a beneficial interest in the Restricted Global Note or IAI Global Note at any time wishes to exchange its interest in such Restricted Global Note or IAI Global Note for an interest in the Regulation S Global Note,
or to transfer its interest in such Restricted Global Note or IAI Global Note to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Regulation S Global Note, such transfer or exchange may be effected, only in
accordance with this clause (ii) and the rules and procedures of the Depository. Upon receipt by the Registrar from the Transfer Agent of (A) instructions directing the Registrar to credit or cause to be credited an interest in the
Regulation S Global Note in a specified principal amount and to cause to be debited an interest in the Restricted Global Note or IAI Global Note, as the case may be, in such specified principal amount, and (B) a certificate in the form of
Exhibit B attached hereto given by the Holder of such beneficial interest stating that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and (x) pursuant to and in accordance
with Regulation S or (y) that the Note being transferred is being transferred in a transaction permitted by Rule 144, then the Registrar shall reduce or cause to be reduced the principal amount of the Restricted Global Note or IAI Global Note,
as the case may be, and the Depository shall increase or cause to be increased the principal amount of the Regulation S Global Note by the aggregate principal amount of the interest in the Restricted Global Note to be exchanged. 

(iii) Regulation S Global Note/IAI Global Note to Restricted Global Note. If the Holder of a beneficial
interest in the Regulation S Global Note or IAI Global Note at any time wishes to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Restricted Global Note, such transfer may be
effected only in accordance with this clause (iii) and the rules and procedures of the Depository. Upon receipt by the Registrar from the Transfer Agent of (A) instructions directing the Registrar to credit or cause to be credited an
interest in the Restricted Global Note in a specified principal amount and to cause to be debited an interest in the Regulation S Global Note or IAI Global Note, as the case may be, in such specified principal amount, and (B) a

  
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certificate in the form of Exhibit C attached hereto given by the Holder of such beneficial interest stating that the transfer of such interest has been made in compliance with the transfer
restrictions applicable to the Global Notes and stating that (x) the Person transferring such interest reasonably believes that the Person acquiring such interest is a QIB and is obtaining such interest in a transaction meeting the requirements
of Rule 144A and any applicable securities laws of any state of the United States or (y) that the Person transferring such interest is relying on an exemption other than Rule 144A from the registration requirements of the Securities Act and, in
such circumstances, such Opinion of Counsel as the Issuer or the Trustee may reasonably request to ensure that the requested transfer or exchange is being made pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act, then the Registrar shall reduce or cause to be reduced the principal amount of the Regulation S Global Note or IAI Global Note, as the case may be, and increase or cause to be increased the principal amount of the
Restricted Global Note by the aggregate principal amount of the interest in the Regulation S Global Note to be exchanged or transferred. 

(iv) Restricted Global Note/Regulation S Global Note to IAI Global Note. If the Holder of a beneficial interest in the
Restricted Global Note or Regulation S Global Note at any time wishes to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the IAI Global Note, such transfer may be effected only in
accordance with this clause (iv) and the rules and procedures of the Depository. Upon receipt by the Registrar from the Transfer Agent of (A) instructions directing the Registrar to credit or cause to be credited an interest in the IAI
Global Note in a specified principal amount and to cause to be debited an interest in the Restricted Global Note or Regulation S Global Note, as the case may be, in such specified principal amount, and (B) a certificate in the form of Exhibit E
attached hereto given by the Holder of such beneficial interest stating that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and providing the certifications, certificates and
legal opinion, if applicable, set forth in Exhibit E, then the Registrar shall reduce or cause to be reduced the principal amount of the Restricted Global Note or Regulation S Global Note, as the case may be, and increase or cause to be increased
the principal amount of the IAI Global Note by the aggregate principal amount of the interest in the Restricted Global Note or Regulation S Global Note to be exchanged or transferred. 

(c) If Notes are issued upon the transfer, exchange or replacement of Notes bearing the restricted Notes legends set forth in Exhibit A
hereto, the Notes so issued shall bear the restricted Notes legends and a request to remove such restricted Notes legends from Notes shall not be honored unless there is delivered to the Issuer such satisfactory evidence, which may include an
Opinion of Counsel licensed to practice law in the State of New York, as may be reasonably required by the Issuer, that neither the legend nor the restrictions on transfer set forth therein are required to ensure that transfers thereof comply with
the provisions of Rule 144A or Rule 144 under the Securities Act. Upon provision of such satisfactory evidence, the Trustee, at the direction of the Issuer, shall authenticate and deliver Notes that do not bear the legend. 

(d) The Trustee shall have no responsibility for any actions taken or not taken by the Depository, Euroclear or Clearstream, as the case may
be. 

  
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 Section 2.07. Replacement Notes. If a mutilated certificated Note is
surrendered to the Registrar or if the Holder claims that the Note has been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee shall, upon receipt of an Issuer Order, authenticate a replacement Note in such form as the Note
mutilated, lost, destroyed or wrongfully taken if the Holder satisfies any other reasonable requirements of the Issuer and any requirement of the Trustee. If required by the Trustee or the Issuer, such Holder shall furnish an indemnity bond
sufficient in the judgment of the Issuer and the Trustee to protect the Issuer, the Trustee, the Paying Agent, the Transfer Agent, the Registrar and any co-Registrar, and any authenticating agent from any loss that any of them may suffer if a Note
is replaced. The Issuer and the Trustee may charge the Holder for their expenses in replacing a Note. 
 Every replacement Note shall
be an additional obligation of the Issuer. 
 Section 2.08. Outstanding Notes. Notes outstanding at any time are all
Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation and those described in this Section 2.08 as not outstanding. A Note does not cease to be outstanding because the Issuer or an Affiliate of
the Issuer holds the Note. 
 If a Note is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee and the
Issuer receive proof satisfactory to them that the Note that has been replaced is held by a bona fide purchaser. 
 If the Paying Agent
segregates and holds in trust, in accordance with this Indenture, on a Redemption Date or Maturity date money sufficient to pay all principal, interest and Additional Amounts, if any, payable on that date with respect to the Notes (or portions
thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture, then on and after that date such Notes (or portions thereof)
cease to be outstanding and interest on them ceases to accrue. 
 Section 2.09. Notes Held by Issuer. In determining
whether the Holders of the required principal amount of Notes have concurred in any direction or consent or any amendment, modification or other change to this Indenture, Notes owned by the Issuer or by a Subsidiary of the Issuer shall be
disregarded and treated as if they were not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent or any amendment, modification or other change to this
Indenture, only Notes which a Trust Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the
Trustee the pledgees right so to act with respect to the Notes and that the pledgee is not the Issuer or a Subsidiary of the Issuer. 

  
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 Section 2.10. Certificated Notes. (a) A Global Note deposited with the
Depository pursuant to Section 2.01 shall be transferred in whole to the beneficial owners thereof in the form of certificated Notes only if such transfer complies with Section 2.06 and (i) the Depository notifies the Issuer that it is
unwilling or unable to continue as the Depository for such Global Note, or if at any time the Depository ceases to be a “clearing agency” registered under the Exchange Act and a successor Depository is not appointed by the Issuer within 90
days of such notice, or (ii) the Issuer, at its option, executes and delivers to the Trustee a notice that such Global Note be so transferable, registrable and exchangeable, or (iii) an Event of Default, or an event which after notice or
lapse of time or both would be an Event of Default, has occurred and is continuing with respect to the Notes or (iv) such transfer is to the Issuer or a Subsidiary of the Issuer. Notice of any such transfer shall be given by the Issuer in
accordance with the provisions of Section 13.02(a). 
 (b) Any Global Note that is transferable to the beneficial owners thereof in
the form of certificated Notes pursuant to this Section 2.10 shall be surrendered by the Depository to the Transfer Agent, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and
deliver, upon such transfer of each portion of such Global Note, an equal aggregate principal amount at Maturity of Notes of authorized denominations in the form of certificated Notes. Any portion of a Global Note transferred or exchanged pursuant
to this Section 2.10 shall be executed, authenticated and delivered only in fully registered form in denominations of $200,000 and $1,000 in integral multiples thereof and registered in such names as the Depository shall direct. Subject to the
foregoing, a Global Note is not exchangeable except for a Global Note of like denomination to be registered in the name of the Depository or its nominee or the Depository or its nominee. In the event that a Global Note becomes exchangeable for
certificated Notes, payment of principal, premium, if any, and interest on the certificated Notes will be payable, and the transfer of the certificated Notes will be registrable, at the office or agency of the Issuer maintained for such purposes in
accordance with Section 2.03. Such certificated Notes shall bear the applicable legends set forth in Exhibit A hereto. 
 (c) If a Note in
certificated form is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such Note in certificated form, (y) record an increase in the principal amount of such Global Note equal to the principal
amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less than the entire principal amount of the canceled Note in certificated form, deliver to the Holder thereof one or more new Notes in
certificated form in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Note in certificated form, registered in the name of the Holder thereof. 

(d) In the event of the occurrence of any of the events specified in Section 2.10(a), the Issuer will promptly make available to the Trustee a
reasonable supply of certificated Notes in definitive, fully registered form without interest coupons. 

  
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 Section 2.11. Cancellation. The Issuer at any time may deliver Notes to the Trustee
for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee, in accordance with its customary procedures, and no one else shall cancel
(subject to the record retention requirements of the Exchange Act and the Trustee’s retention policy) all Notes surrendered for registration of transfer, exchange, payment or cancellation and dispose of such cancelled Notes in its customary
manner. Except as otherwise provided in this Indenture the Issuer may not issue new Notes to replace Notes it has redeemed, paid or delivered to the Trustee for cancellation. 

Section 2.12. Defaulted Interest. Any interest on any Note that is payable, but is not punctually paid or duly provided for, on
the dates and in the manner provided in the Notes and this Indenture (all such interest herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Record Date by virtue of having been such
Holder, and such Defaulted Interest may be paid by the Issuer, at its election in each case, as provided in clause (a)(b) or (b) below: 

(a) The Issuer may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes are registered at the close of
business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Issuer shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Note and the
date of the proposed payment, and at the same time the Issuer may deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest; or shall make arrangements satisfactory to the
Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. In addition, the Issuer shall fix a
special record date for the payment of such Defaulted Interest, such date to be not more than 15 days and not less than 10 days prior to the proposed payment date and not less than 15 days after the receipt by the Trustee of the notice of the
proposed payment date. The Issuer shall promptly but, in any event, not less than 15 days prior to the special record date, notify the Trustee of such special record date and, in the name and at the expense of the Issuer, the Trustee shall cause
notice of the proposed payment date of such Defaulted Interest and the special record date therefor to be mailed first-class, postage prepaid to each Holder as such Holder’s address appears in the Security Register, not less than 10 days prior
to such special record date. Notice of the proposed payment date of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Notes are registered at
the close of business on such special record date and shall no longer be payable pursuant to clause (b) below. 
 (b) The Issuer may make
payment of any Defaulted Interest on the Notes in any other lawful manner not inconsistent with the requirements of any securities exchange on 

  
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which the Notes may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Issuer to the Trustee of the proposed payment date pursuant to this clause,
such manner of payment shall be deemed reasonably practicable. 
 Subject to the foregoing provisions of this Section 2.12, 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 2.13. Computation of Interest. Interest on the Notes shall be computed on the basis of a 360-day year of twelve
30-day months. 
 Section 2.14. ISIN and CUSIP Numbers. The Issuer in issuing the Notes may use ISIN or CUSIP
numbers (if then generally in use), and, if so, the Trustee shall use ISIN or CUSIP numbers, as appropriate, in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to
the correctness of such numbers or codes 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 Issuer shall promptly notify the Trustee of any change in the ISIN or CUSIP numbers. 

Section 2.15. Issuance of Additional Notes. The Issuer may, subject to Section 4.06 of this Indenture, issue Additional
Notes under this Indenture in accordance with the procedures of Section 2.02. The Initial Notes issued on the date of this Indenture and any Additional Notes subsequently issued shall be treated as a single class for all purposes under this
Indenture. 
 ARTICLE THREE 

REDEMPTION; OFFERS TO PURCHASE 

Section 3.01. Right of Redemption. The Issuer may redeem all or any portion of the Notes upon the terms and at the
Redemption Prices set forth in the Notes. Any redemption pursuant to this Section 3.01 shall be made pursuant to the provisions of this Article 3. 

Section 3.02. Notices to Trustee. If the Issuer elects to redeem Notes pursuant to Section 3.01, it shall notify the
Trustee in writing of the Redemption Date, the principal amount of Notes to be redeemed, the Redemption Price and the paragraph of the Notes pursuant to which the redemption will occur. 

The Issuer shall give each notice to the Trustee provided for in this Section 3.02 in writing at least 10 days before the date notice is
mailed to the Holders pursuant to Section 3.04 unless the Trustee consents to a shorter period. Such notice shall be accompanied by an Officer’s Certificate from the Issuer to the effect that such redemption will comply with the conditions
herein. If fewer than all the Notes are to be redeemed, the record date relating to such redemption shall be selected by the Issuer and given to the Trustee, which record date shall be not less than 15 days after the date of notice to the Trustee.

  
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 Section 3.03. Selection of Notes To Be Redeemed. If the Issuer is redeeming
less than all of the Notes issued by it at any time, the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any securities exchange, in compliance with the requirements of the principal securities exchanges on which
the Notes are listed or, (b) if the Notes are not listed on a securities exchange, on a pro rata basis to the extent practicable, or by lot or by such other method as the Trustee in its sole discretion shall deem fair and appropriate;
provided that no such partial redemption shall reduce the portion of the principal amount of a Note not redeemed to less than $1,000. 

The Trustee shall make the selection from the Notes outstanding and not previously called for redemption. The Trustee may select for
redemption portions equal to $1,000 in principal amount or any integral multiple thereof. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The Trustee shall notify the
Issuer and the Registrar promptly in writing of the Notes or portions of Notes to be called for redemption. 
 Section 3.04.
Notice of Redemption. (a) At least 15 days but not more than 60 days before a date for redemption of Notes, the Issuer shall mail a notice of redemption by first-class mail to each Holder of a Note to be redeemed and shall comply with
the provisions of Section 13.02(b) or otherwise in accordance with the procedures of DTC, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes
or a satisfaction and discharge of this Indenture. 
 (b) The notice shall identify the Notes to be redeemed (including ISIN or CUSIP
numbers) and shall state: 
 (i) the Redemption Date; 

(ii) the appropriate calculation of the Redemption Price and the amount of accrued interest, if any, and Additional Amounts, if
any, to be paid; 
 (iii) the name and address of the Paying Agent; 

(iv) that Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price plus accrued
interest, if any, and Additional Amounts, if any; 
 (v) that, if any Note is being redeemed in part, the portion of the
principal amount (equal to $1,000 in principal amount or any integral multiple thereof) of such Note to be redeemed and that, on and after the Redemption Date, upon surrender of such Note, a new Note or Notes in principal amount equal to the
unredeemed portion thereof will be reissued; 

  
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 (vi) that, if any Note contains an ISIN or CUSIP number, no representation is
being made as to the correctness of such ISIN or CUSIP number either as printed on the Notes or as contained in the notice of redemption and that reliance may be placed only on the other identification numbers printed on the Notes; 

(vii) that, unless the Issuer defaults in making such redemption payment, interest on the Notes (or portion thereof) called for
redemption shall cease to accrue on and after the Redemption Date; and 
 (viii) the paragraph of the Notes pursuant to which
the Notes called for redemption are being redeemed. 
 At the Issuer’s written request, the Trustee shall give a notice of redemption
in the Issuer’s name and at the Issuer’s expense. In such event, the Issuer shall provide the Trustee with the notice and the other information required by this Section 3.04. 

Section 3.05. [Reserved]. 

Section 3.06. Deposit of Redemption Price. On or prior to any Redemption Date, the Issuer shall deposit or cause to be
deposited with the Paying Agent (or, if the Issuer or an Affiliate of the Issuer is the Paying Agent, shall segregate and hold in trust) a sum in same day funds sufficient to pay the Redemption Price of and accrued interest and Additional Amounts,
if any, on all Notes to be redeemed on that date other than Notes or portions of Notes called for redemption that have previously been delivered by the Issuer to the Trustee for cancellation. The Paying Agent shall return to the Issuer any money so
deposited that is not required for that purpose. 
 Section 3.07. Payment of Notes Called for Redemption. If
notice of redemption has been given in the manner provided below, the Notes or portion of Notes specified in such notice to be redeemed shall become due and payable on the Redemption Date at the Redemption Price stated therein, together with accrued
interest to such Redemption Date, and on and after such date (unless the Issuer shall default in the payment of such Notes at the Redemption Price and accrued interest to the Redemption Date, in which case the principal, until paid, shall bear
interest from the Redemption Date at the rate prescribed in the Notes) such Notes shall cease to accrue interest. Upon surrender of any Note for redemption in accordance with a notice of redemption, such Note shall be paid and redeemed by the Issuer
at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at
the close of business on the relevant Record Date. 
 Notice of redemption shall be deemed to be given when mailed, whether or not
the Holder receives the notice. In any event, failure to give such notice, or any defect therein, shall not affect the validity of the proceedings for the redemption of Notes held by Holders to whom such notice was properly given. 

  
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 Section 3.08. Notes Redeemed in Part. (a) Upon surrender of a Global Note
that is redeemed in part, the Paying Agent shall forward such Global Note to the Trustee who shall make a notation on the Security Register to reduce the principal amount of such Global Note to an amount equal to the unredeemed portion of the Global
Note surrendered; provided that each such Global Note shall be in a principal amount at final Stated Maturity of $200,000 or integral multiples of $1,000 above such amount. 

(b) Upon surrender and cancellation of a certificated Note that is redeemed in part, the Issuer shall execute and the Trustee shall
authenticate for the Holder (at the Issuer’s expense) a new Note equal in principal amount to the unredeemed portion of the Note surrendered and canceled; provided that each such certificated Note shall be in a principal amount at final
Stated Maturity of $200,000 or integral multiples of $1,000 above such amount. 
 ARTICLE FOUR 

COVENANTS 

Section 4.01. Payment of Notes. The Issuer covenants and agrees for the benefit of the Holders that they shall duly and
punctually pay the principal of, premium, if any, interest and Additional Amounts, if any, on the Notes on the dates and in the manner provided in the Notes and in this Indenture. Principal, premium, if any, interest and Additional Amounts, if any,
shall be considered paid on the date due if on such date the Trustee or the Paying Agent (other than the Issuer or any of its Affiliates) holds, as of 10:00 a.m. Eastern time on the due date, in accordance with this Indenture, money sufficient to
pay all principal, premium, if any, interest and Additional Amounts, if any, then due. If the Issuer or any of its Affiliates acts as Paying Agent, principal, premium, if any, interest and Additional Amounts, if any, shall be considered paid on the
due date if the entity acting as Paying Agent complies with Section 2.04. 
 The Issuer shall pay interest on overdue principal at
the rate specified therefor in the Notes. The Issuer shall pay interest on overdue installments of interest at the same rate to the extent lawful. 

Section 4.02. Corporate Existence. Subject to Article 5, the Issuer and each Restricted Subsidiary shall do or cause to be
done all things necessary to preserve and keep in full force and effect their corporate, partnership, limited liability company or other existence and the rights (charter and statutory), licenses and franchises of the Issuer and each Restricted
Subsidiary; provided that the Issuer shall not be required to preserve any such right, license or franchise if the board of directors of the Issuer shall determine that the preservation thereof is no longer desirable in the conduct of the
business of the Issuer and the Restricted Subsidiaries as a whole and that the loss thereof is not disadvantageous in any material respect to the Holders. 

Section 4.03. Maintenance of Properties. The Issuer shall cause all properties owned by it or any Restricted Subsidiary or
used or held for use in the conduct of its business or the business of any Restricted Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and shall 

  
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cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Issuer may be necessary so that the business carried on in
connection therewith may be properly and advantageously conducted at all times; provided that nothing in this Section 4.03 shall prevent the Issuer from discontinuing the maintenance of any such properties if such discontinuance is, in the
judgment of the Issuer, desirable in the conduct of the business of the Issuer and the Restricted Subsidiaries as a whole and not disadvantageous in any material respect to the Holders. 

Section 4.04. Insurance. The Issuer shall maintain, and shall cause the Restricted Subsidiaries to maintain, insurance with
carriers believed by the Issuer to be responsible, against such risks and in such amounts, and with such deductibles, retentions, self-insured amounts and coinsurance provisions, as the Issuer believes are customarily carried by businesses similarly
situated and owning like properties, including as appropriate general liability, property and casualty loss and interruption of business insurance. 

Section 4.05. Statement as to Compliance. (a) The Issuer shall deliver to the Trustee, within 120 days after the end
of each fiscal year, an Officer’s Certificate, which shall comply with Section 314(a)(4) of the TIA, stating that in the course of the performance by the signer of its duties as an officer of the Issuer such signer would normally have
knowledge of any Default and whether or not the signer knows of any Default that occurred during such period and if any specifying such Default, its status and what action the Issuer is taking or proposed to take with respect thereto. For purposes
of this Section 4.05(a), such compliance shall be determined without regard to any period of grace or requirement of notice under this Indenture. 

(b) If the Issuer shall become aware that (i) any Default or Event of Default has occurred and is continuing or (ii) any Holder
seeks to exercise any remedy hereunder with respect to a claimed Default under this Indenture or the Notes, the Issuer shall immediately deliver to the Trustee an Officer’s Certificate specifying such event, notice or other action (including
any action the Issuer is taking or proposed to take in respect thereof). 
 Section 4.06. Limitation on Debt.
(a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, create, issue, incur, assume, guarantee or in any manner become directly or indirectly liable with respect to or otherwise become responsible for, contingently or
otherwise, the payment of any Debt (including any Acquired Debt); provided that (i) the Issuer or any Guarantor may incur Debt (including Acquired Debt), if on the date of the incurrence of such Debt and the application of the proceeds
thereof, on a pro forma basis, the Leverage Ratio of the Issuer and its Restricted Subsidiaries would be less than 6.0 to 1.0 and (ii) Restricted Subsidiaries that are not Guarantors may incur Debt (including Acquired Debt), if on the date of
the incurrence of such Debt and the application of the proceeds thereof, on a pro forma basis, the Leverage Ratio of the Restricted Subsidiaries that are not Guarantors would be less than 4.5 to 1.0. 

  
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 (b) This covenant shall not, however, prohibit the following (collectively, “Permitted
Debt”): 
 (i) the Incurrence by the Issuer or any Restricted Subsidiary in reliance on this clause (i) of Debt
under Credit Facilities in an aggregate principal amount at any one time outstanding not to exceed $1,400.0 million; 
 (ii)
the Incurrence by the Issuer of Debt pursuant to the Notes (excluding any Additional Notes); 
 (iii) any Debt of the Issuer
or any Restricted Subsidiary (other than Debt described in another clause of this paragraph) outstanding on the date of this Indenture; 

(iv) the Incurrence by the Issuer or any Restricted Subsidiary of intercompany Debt between the Issuer and any Restricted
Subsidiary or between or among Restricted Subsidiaries; provided that (A) any disposition, pledge or transfer of any such Debt to a Person (other than a disposition, pledge or transfer to the Issuer or a Restricted Subsidiary) and
(B) any transaction pursuant to which any Restricted Subsidiary that has Debt owing to the Issuer or another Wholly Owned Restricted Subsidiary ceases to be a Restricted Subsidiary, will, in each case, be deemed to be an Incurrence of such Debt
not permitted by this clause (iv); 
 (v) guarantees of the Issuer’s Debt or Debt of any Restricted Subsidiary by the
Issuer or any Restricted Subsidiary if such guaranteed Debt is permitted to be incurred in accordance with the provisions of this Section 4.06; 

(vi) the Incurrence by the Issuer or any Restricted Subsidiary of Debt represented by Capitalized Lease Obligations, mortgage
financings, purchase money obligations or other Debt Incurred or assumed for the purpose of financing or refinancing all or any part of the purchase price, lease expense or cost of any property or asset, tangible or intangible, including network
assets (including switches, towers, software, rights-of-way, intellectual property, licenses, concessions, spectrum and other intangibles and facilities to house network assets used in the Issuer’s or any Restricted Subsidiary’s business
and the capital stock or similar ownership interest of any Person engaged in substantially the same line of business as the Issuer and its Restricted Subsidiaries or reasonably related or ancillary thereto (including the cost of design, development,
acquisition, construction (including capitalized interest, installation, improvement, transportation, integration and prepaid maintenance and all reasonable related fees or expenses); provided that the principal amount of such Debt so
Incurred when aggregated with other Debt previously Incurred in reliance on this clause (vi) (and Permitted Refinancing Debt with respect thereto) and still outstanding shall not in the aggregate exceed the greater of (A) $250.0 million
and (B) 5.0% of Total Assets; 

  
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 (vii) the Incurrence by the Issuer or any Restricted Subsidiary of Debt arising
from agreements providing for guarantees, indemnities or obligations in respect of purchase price adjustments in connection with the acquisition or disposition of assets, including, without limitation, shares of Capital Stock, other than guarantees
or similar credit support given by the Issuer or any Restricted Subsidiary of Debt Incurred by any Person acquiring all or any portion of such assets for the purpose of financing such acquisition; 

(viii) the Incurrence by the Issuer or any Restricted Subsidiary of Debt under Currency Agreements entered into in the ordinary
course of business and not for speculative purposes; 
 (ix) the Incurrence by the Issuer or any Restricted Subsidiary of
Debt under Interest Rate Agreements entered into in the ordinary course of business and not for speculative purposes; 
 (x)
the Incurrence of Debt by the Issuer or any Restricted Subsidiary of Debt in respect of workers’ compensation and claims arising under similar legislation, or pursuant to self-insurance obligations and not in connection with the borrowing of
money or the obtaining of advances or credit; 
 (xi) the Incurrence of Debt by the Issuer or any Restricted Subsidiary
arising from (A) the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business;
provided that such Debt is extinguished within 5 Business Days of Incurrence, (B) bankers’ acceptances, performance, surety, judgment, appeal or similar bonds, instruments or obligations, (C) completion guarantees provided or letters
of credit obtained by the Issuer or any Restricted Subsidiary in the ordinary course of business; and (D) the financing of insurance premiums in the ordinary course of business; 

(xii) the Incurrence by a Person of Permitted Refinancing Debt in exchange for or the net proceeds of which are used to refund,
replace or refinance Debt Incurred by it pursuant to, or described in, paragraphs (a), (b)(ii) (vi), (b)(iii) and (b)(vi) of this Section 4.06, as the case may be; and 

(xiii) the incurrence of other Debt not to exceed in the aggregate the greater of (A) $250.0 million and (B) 5.0% of
Total Assets. 
 (c) Notwithstanding any other provision of this Section 4.06, for purposes of determining compliance with this Section
4.06, increases in Debt solely due to fluctuations in the exchange rates of currencies will not be deemed to exceed the maximum amount that the Issuer may Incur under this Section 4.06. 

(d) For purposes of determining any particular amount of Debt under this Section 4.06: 

(i) obligations with respect to letters of credit, guarantees or Liens, in each case supporting Debt otherwise included in the
determination of such particular amount, shall not be included; 

  
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 (ii) any Liens granted pursuant to the equal and ratable provisions referred to
in Section 4.07 will not be treated as Debt; and 
 (iii) accrual of interest, accrual of dividends, the accretion of
accreted value, the obligation to pay commitment fees and the payment of interest in the form of additional Debt will not be treated as Debt. 

(e) In the event that an item of Debt meets the criteria of more than one of the types of Debt described in this Section 4.06, the Issuer, in
its sole discretion, shall classify items of Debt and shall only be required to include the amount and type of such Debt in one of such clauses and the Issuer shall be entitled to divide and classify an item of Debt in more than one of the types of
Debt described in this Section 4.06, and may change the classification of an item of Debt (or any portion thereof) to any other type of Debt described in this Section 4.06 at any time. 

Section 4.07. Limitation on Liens. The Issuer shall not directly or indirectly, create, Incur, assume or suffer to exist
any Lien of any kind (except for Permitted Liens) on or with respect to any of the Issuer’s property or assets, whether owned at or acquired after the date of this Indenture, or any income, profits or proceeds therefrom unless: 

(a) in the case of any Lien securing Subordinated Debt, the Issuer’s obligations in respect of the Notes and all other amounts due under
this Indenture are directly secured by a Lien on such property, assets or proceeds that is senior in priority to the Lien securing the Subordinated Debt until such time as the Subordinated Debt is no longer secured by a Lien; and 

(b) in the case of any other Lien, the Issuer’s obligations in respect of the Notes and all other amounts due under this Indenture are
equally and ratably secured with the obligation or liability secured by such Lien. 
 Section 4.08. Limitation on Restricted
Payments. (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, take any of the following actions (each of which is a “Restricted Payment” and which are
collectively referred to as “Restricted Payments”): 
 (i) declare or pay any dividend
on or make any distribution (whether made in cash, securities or other property) with respect to any of the Issuer’s or any Restricted Subsidiary’s Capital Stock (including, without limitation, any payment in connection with any merger or
consolidation involving the Issuer or any Restricted Subsidiary) other than to the Issuer or any Restricted Subsidiary or, with respect to a Restricted Subsidiary, pro rata to such Restricted Subsidiary’s equity holders or on a basis that
results in the receipt by the Issuer or a Restricted Subsidiary of dividends or distributions of greater value than the Issuer or such Restricted Subsidiary would receive on a pro rata basis, except for dividends or distributions payable solely in
shares of the Issuer’s Qualified Capital Stock or in options, warrants or other rights to acquire such shares of Qualified Capital Stock; 

  
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 (ii) purchase, redeem or otherwise acquire or retire for value (including,
without limitation, in connection with any merger or consolidation), directly or indirectly, any shares of the Issuer’s Capital Stock or any Capital Stock of any Affiliate of the Issuer held by persons other than the Issuer or a Restricted
Subsidiary (other than Capital Stock of any Restricted Subsidiary or any entity that becomes a Restricted Subsidiary as a result thereof) or any options, warrants or other rights to acquire such shares of Capital Stock; or 

(iii) make any Investment (other than any Permitted Investment) in any Person. 

If any Restricted Payment described above is not made in cash, the amount of the proposed Restricted Payment shall be the Fair Market Value of
the asset to be transferred as of the date of transfer. 
 (b) Notwithstanding paragraph (a) above, the Issuer or any Restricted Subsidiary
may make a Restricted Payment if, at the time of and after giving pro forma effect to such proposed Restricted Payment: 

(i) no Default or Event of Default has occurred and is continuing; 

(ii) the Issuer could Incur at least $1.00 of additional Debt (other than Permitted Debt) pursuant to Section 4.06; and 

(iii) the aggregate amount of all Restricted Payments declared or made after March 22, 2010 does not exceed the sum of:

 (A) an amount equal to (x) aggregate EBITDA of the Issuer and its Restricted Subsidiaries on a cumulative basis
during the period beginning on January 1, 2010 and ending on the last day of the Issuer’s last fiscal quarter ending prior to the date of such proposed Restricted Payment (or, if such aggregate cumulative EBITDA shall be a negative number,
minus 100% of such negative amount) less (y) the product of (1) 1.4 and (2) aggregate Consolidated Interest Expense of the Issuer and its Restricted Subsidiaries during such period, plus 

(B) the aggregate Net Proceeds received by the Issuer after March 22, 2010 as capital contributions or from the issuance
or sale (other than to any Subsidiary) of shares of the Issuer’s Qualified Capital Stock (including upon the exercise of options, warrants or rights) or warrants, options or rights to purchase shares of the Issuer’s Qualified Capital Stock
(except, in each case to the extent such proceeds are used to purchase, redeem or otherwise retire Capital Stock as set forth in clause (ii) of paragraph (c) below) (excluding the Net Proceeds from the issuance of the Issuer’s Qualified Capital
Stock financed, directly or indirectly, using funds borrowed from the Issuer or any Subsidiary until and to the extent such borrowing is repaid), plus 

  
 43 

 (C) (x) the amount by which the Issuer’s Debt or Debt of any Restricted
Subsidiary is reduced on the Issuer’s consolidated balance sheet after March 22, 2010 upon the conversion or exchange (other than by the Issuer or its Subsidiary) of such Debt into the Issuer’s Qualified Capital Stock, and
(y) the aggregate Net Proceeds received after March 22, 2010 by the Issuer from the issuance or sale (other than to any Subsidiary) of Redeemable Capital Stock that has been converted into or exchanged for the Issuer’s Qualified
Capital Stock, together with, in the case of both clauses (x) and (y), the aggregate Net Proceeds received by the Issuer at the time of such conversion or exchange (excluding the Net Proceeds from the issuance of the Issuer’s Qualified
Capital Stock financed, directly or indirectly, using funds borrowed from the Issuer or any Subsidiary until and to the extent such borrowing is repaid), plus 

(D) (x) in the case of the disposition or repayment of any Investment constituting a Restricted Payment made after
March 22, 2010, an amount (to the extent not included in Consolidated Net Income of the Issuer) equal to the lesser of the return of capital with respect to such Investment and the initial amount of such Investment, in either case, less the
cost of the disposition of such Investment and net of taxes, and (y) in the case of the designation of an Unrestricted Subsidiary as a Restricted Subsidiary, the Fair Market Value of the Issuer’s interest in such Subsidiary; plus

 (E) $400.0 million. 

(c) Notwithstanding paragraphs (a) and (b) above, the Issuer and any Restricted Subsidiary may take the following actions so long as (with
respect to clauses (iv) and (vi) below) no Default or Event of Default has occurred and is continuing: 
 (i) the
payment of any dividend within 60 days after the date of its declaration if at such date of its declaration such payment would have been permitted by the provisions of this Section 4.08; 

(ii) the repurchase, redemption or other acquisition or retirement for value of any shares of the Issuer’s Capital Stock
or options, warrants or other rights to acquire such Capital Stock in exchange for (including any such exchange pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of the issuance of fractional
shares or scrip), or out of the Net Proceeds of a substantially concurrent issuance and sale (other than to a Subsidiary) of, shares of the Issuer’s Qualified Capital Stock or options, warrants or other rights to acquire such Capital Stock;

  
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 (iii) the repurchase of Capital Stock deemed to occur upon the exercise of stock
options or warrants with respect to which payment of the cash exercise price has been forgiven if the cumulative aggregate value of such deemed repurchases does not exceed the cumulative aggregate amount of the exercise price of such options
received; 
 (iv) payments or distributions to dissenting shareholders pursuant to applicable law in connection with or in
contemplation of a merger, consolidation or transfer of assets that complies with the provisions of Article 5; 
 (v) cash
payments in lieu of issuing fractional shares pursuant to the exchange or conversion of any exchangeable or convertible securities; 

(vi) the purchase, redemption, acquisition, cancellation or other retirement for value of shares of Capital Stock of the
Issuer, options on any such shares or related stock appreciation rights or similar securities held by directors, officers or employees (or their estates or beneficiaries under their estates), upon death, disability, retirement, termination of
employment or pursuant to any agreement under which such shares of stock or related rights were issued; provided that the aggregate cash consideration paid pursuant to this clause (vi) for such purchase, redemption, acquisition,
cancellation or other retirement of such shares of Capital Stock or related rights after the Issue Date does not exceed $25.0 million in any fiscal year of the Issuer (with unused amounts in any fiscal year being permitted to be carried over for the
next succeeding fiscal year); 
 (vii) Investments in Persons conducting a telecommunications business or related businesses,
provided that the total aggregate amount of such Investments made under this clause (vii) does not exceed in the aggregate the greater of (A) $125.0 million or (B) 2.5% of Total Assets (after giving effect to any reductions in the
amount of any such Investments as a result of the repayment or other disposition thereof, or designation of the Person in which the Investment was made as a Restricted Subsidiary, the amount of such reduction not to exceed the amount of such
Investments previously made pursuant to this clause (vii)); 
 (viii) any distribution by the Issuer or any Restricted
Subsidiary to the extent that an amount equal to such distribution is (based on the Fair Market Value thereof (with respect to any assets or property other than cash)) contributed back to the Issuer or such Restricted Subsidiary as part of the same
transaction or series of transactions; provided, that, any such transaction entered into with an Affiliate of the Issuer shall be permitted under Section 4.10 (other than clause (ii) of the second paragraph thereof); and 

(ix) other Restricted Payments in an aggregate amount not to exceed $25.0 million. 

The actions described in clause (i) of this paragraph (c) are Restricted Payments that will be permitted to be made in accordance with this
paragraph (c) but that reduce the amount that would otherwise be available for Restricted Payments under clause (iii) of paragraph (b) above. 

  
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 Notwithstanding the foregoing provisions of this Section 4.08, if and to the extent Digicel
Limited or any of its Restricted Subsidiaries would be permitted to make a Restricted Payment (as defined in the Digicel Limited Indentures) pursuant to the Digicel Limited Indentures to the extent the Digicel Limited Notes are outstanding at such
time, Digicel Limited or such Restricted Subsidiary, as the case may be, shall be permitted to make under this Indenture a Restricted Payment permitted to be made thereunder. 

Section 4.09. Limitation on Sale of Certain Assets. (a) The Issuer shall not, and shall not permit any Restricted
Subsidiary to, consummate any Asset Sale unless: 
 (i) the consideration the Issuer or such Restricted Subsidiary
receives for such Asset Sale is not less than the Fair Market Value of the assets sold; 
 (ii) at least 75% of the
consideration the Issuer or such Restricted Subsidiary receives in respect of such Asset Sale consists of (A) cash (including any Net Proceeds received from the conversion within 60 days of such Asset Sale of securities, notes or other
obligations received in consideration of such Asset Sale); (B) Cash Equivalents; (C) the assumption by the purchaser of (x) the Issuer’s Debt or Debt of any Restricted Subsidiary (other than Subordinated Debt) as a result of
which neither the Issuer nor any of the Restricted Subsidiaries remains obligated in respect of such Debt or (y) Debt of a Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Sale, if the Issuer and each
other Restricted Subsidiary is released from any guarantee of such Debt as a result of such Asset Sale; (D) Replacement Assets; or (E) a combination of the consideration specified in clauses (A) to (D); and 

(iii) the Issuer delivers an Officer’s Certificate to the Trustee certifying that such Asset Sale complies with the
provisions described in the foregoing clauses (i) and (ii). 
 (b) If the Issuer or any Restricted Subsidiary consummates an Asset
Sale, the Net Proceeds of the Asset Sale, within 390 days after the consummation of such Asset Sale, may be used by the Issuer or such Restricted Subsidiary to (i) permanently repay or prepay any then outstanding Debt of the Issuer (other than
Subordinated Debt), or any Restricted Subsidiary (and to effect a corresponding commitment reduction if such Debt is revolving credit borrowings) owing to a Person other than the Issuer or a Restricted Subsidiary, or (ii) invest in any
Replacement Assets, or (iii) any combination of the foregoing. The amount of such Net Proceeds not so used as set forth in this paragraph (b) constitutes “Excess Proceeds.” Pending the final application of any such Net
Proceeds, the Issuer may temporarily reduce revolving credit borrowings or otherwise invest such Net Proceeds in any manner that is not prohibited by the terms of this Indenture. 

(c) When the aggregate amount of Excess Proceeds exceeds $50.0 million, the Issuer shall, within 20 Business Days, make an offer to
purchase (an “Excess Proceeds 

  
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Offer”) from all Holders and from the holders of any Pari Passu Debt, to the extent required by the terms thereof, on a pro rata basis, in accordance with the procedures
set forth in this Indenture or the agreements governing any such Pari Passu Debt, the maximum principal amount (expressed as a multiple of $1,000) of the Notes and any such Pari Passu Debt that may be purchased with the amount of the Excess
Proceeds; provided, however, that if an Excess Proceeds Offer to repay or repurchase any Debt of any Restricted Subsidiary of the Issuer is made in accordance with the terms of such Debt, the obligation to permanently reduce Debt of a
Restricted Subsidiary will be deemed to be satisfied to the extent of the amount of the Excess Proceeds Offer, whether or not accepted by the holders thereof, and no Excess Proceeds in the amount of such Excess Proceeds Offer will be deemed to exist
following such Excess Proceeds Offer. The offer price as to each Note and any such Pari Passu Debt will be payable in cash in an amount equal to (solely in the case of the Notes) 100% of the principal amount of such Note and (solely in the case of
Pari Passu Debt) no greater than 100% of the principal amount (or accreted value, as applicable) of such Pari Passu Debt, plus in each case accrued and unpaid interest, if any, to the date of purchase. 

To the extent that the aggregate principal amount of Notes and any such Pari Passu Debt tendered pursuant to an Excess Proceeds Offer is less
than the aggregate amount of Excess Proceeds, the Issuer may use the amount of such Excess Proceeds not used to purchase Notes and Pari Passu Debt for general corporate purposes that are not otherwise prohibited by this Indenture. If the aggregate
principal amount of Notes and any such Pari Passu Debt validly tendered and not withdrawn by holders thereof exceeds the aggregate amount of Excess Proceeds, the Notes and any such Pari Passu Debt to be purchased shall be selected by the Trustee on
a pro rata basis (based upon the principal amount of Notes and the principal amount or accreted value of such Pari Passu Debt tendered by each holder). Upon completion of each such Excess Proceeds Offer, the amount of Excess Proceeds will be reset
to zero. 
 (d) If the Issuer is obligated to make an Excess Proceeds Offer, the Issuer shall purchase the Notes and Pari Passu Debt, at the
option of the holders thereof, in whole or in part in integral multiples of $1,000, on a date that is not earlier than 30 days and not later than 60 days from the date the notice of the Excess Proceeds Offer is given to such holders, or such later
date as may be required under the Exchange Act. 
 If the Issuer is required to make an Excess Proceeds Offer, the Issuer will comply with
the applicable tender offer rules, including Rule 14e-1 under the Exchange Act, and any other applicable securities laws and regulations, including any securities laws of Bermuda and the requirements of any applicable securities exchange on which
Notes are then listed. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 4.09, the Issuer shall comply with such securities laws and regulations and will not be deemed to have
breached its obligations described in this covenant by virtue thereof. 
 Section 4.10. Limitation on Transactions with
Affiliates. The Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into or suffer to exist any transaction or series of related transactions (including, without limitation, the

  
 47 

 
sale, purchase, exchange or lease of assets or property or the rendering of any service), with, or for the benefit of, any Affiliate of the Issuer or any Restricted Subsidiary’s Affiliate
unless such transaction or series of transactions is entered into in good faith and: 
 (a) with respect to any transaction or series of
related transactions involving aggregate payments or the transfer of assets or provisions of services, in each case having a value greater than $5.0 million, such transaction or series of transactions is on terms that, taken as a whole, are not
materially less favorable to the Issuer or such Restricted Subsidiary, as the case may be, than those that could have been obtained in a comparable arm’s-length transaction with third parties that are not Affiliates; 

(b) with respect to any transaction or series of related transactions involving aggregate payments or the transfer of assets or provision of
services, in each case having a value greater than $10.0 million, the Issuer shall deliver an Officer’s Certificate to the Trustee certifying that such transaction or series of transactions complies with clause (a) above; and 

(c) with respect to any transaction or series of related transactions involving aggregate payments or the transfer of assets or provision of
services, in each case having a value greater than $25.0 million, the Issuer will deliver a resolution of its board of directors (set out in an Officer’s Certificate to the Trustee) resolving that such transaction complies with clause
(a) above and that the fairness of such transaction has been approved by a majority of the Disinterested Directors (or in the event there is only one Disinterested Director, by such Disinterested Director) of the Issuer’s board of
directors. 
 Notwithstanding the foregoing, the restrictions set forth in this description will not apply to: 

(i) customary directors’ fees, indemnification, expense reimbursement and similar arrangements (including the payment of
directors’ and officers’ insurance premiums), consulting fees, financial advisory fees, employee salaries, bonuses, employment agreements and arrangements, compensation or employee benefit arrangements, including stock options or legal
fees, so long as the Issuer’s board of directors has approved the terms thereof and deemed the services theretofore or thereafter to be performed for such compensation or payments to be fair consideration therefor; 

(ii) any Restricted Payments not prohibited by Section 4.08 or the making of an Investment that is a Permitted Investment; 

(iii) agreements and arrangements existing on the date of this Indenture and any amendment, modification or supplement thereto;
provided that any such amendment, modification or supplement to the terms thereof is not more disadvantageous to the Holders and to the Issuer and the Restricted Subsidiaries, as applicable, in any material respect than the original agreement
or arrangement as in effect on the date of this Indenture; 

  
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 (iv) any payments or other transactions pursuant to a tax sharing agreement
between the Issuer and any other Person with which the Issuer files a consolidated tax return or with which the Issuer is part of a consolidated group for tax purposes or any tax advantageous group contribution made pursuant to applicable
legislation; 
 (v) the issuance of securities pursuant to, or for the purpose of the funding of, employment arrangements,
stock options, and stock ownership plans, as long as the terms thereof are or have been previously approved by the Issuer’s board of directors; 

(vi) the granting and performance of registration rights for the Issuer’s securities; 

(vii) transactions between or among the Issuer and the Restricted Subsidiaries or between or among Restricted Subsidiaries;

 (viii) entering into and performing agreements related to a Permitted Joint Venture (which are Affiliates solely by reason
of the Issuer and/or Restricted Subsidiaries owning Capital Stock of such Permitted Joint Venture); 
 (ix) provision of
administrative, legal and regulatory, engineering, accounting, marketing, insurance and telecommunications services to Subsidiaries of the Issuer and the allocation of the cost of such services and of overhead and corporate group costs among the
Issuer and its Subsidiaries consistent with IFRS and the Issuer’s accounting policies generally applied; and 
 (x) any
transaction or series of related transactions involving aggregate payments or the transfer of assets or the provision of services in which the Issuer delivers to the Trustee a written opinion of an investment banking firm of international standing
(or, if an investment banking firm is generally not qualified to give such an opinion, by an internationally recognized appraisal firm or accounting firm) stating that the transaction or series of transactions is fair to the Issuer or such
Restricted Subsidiary from a financial point of view. 
 Notwithstanding the foregoing provisions of this Section 4.10, if and to the extent
any action by Digicel Limited or any of its Restricted Subsidiaries is not deemed to be an Affiliate Transaction (as defined in the Digicel Limited Indentures) pursuant to the Digicel Limited Indentures, such action by Digicel Limited or such
Restricted Subsidiary, as the case may be, shall not be deemed to be an Affiliate Transaction under this Indenture and, therefore, will not be subject to the provisions of this Section 4.10. 

Section 4.11. Purchase of Notes upon a Change of Control. (a) If a Change of Control occurs at any time, then the Issuer must
make an offer (a “Change of Control Offer”) to each Holder to purchase such Holder’s Notes, in whole or in part in integral multiples of $1,000, at a purchase price (the “Change of Control Purchase Price”) in
cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control Purchase  

  
 49 

 
Date”) (subject to the rights of holders of record on relevant regular record dates that are prior to the Change of Control Purchase Date to receive interest due on an interest
payment date). 
 (b) Within 30 days following any Change of Control, the Issuer shall: 

(i) cause a notice of the Change of Control Offer to be published (A) in a leading newspaper having a general circulation
in each of London (which is expected to be the Financial Times) and in New York (which is expected to be The Wall Street Journal) or (B) through the newswire service of Bloomberg or any similar agency; and 

(ii) send notice of the Change of Control Offer by first-class mail, with a copy to the Trustee, to each Holder to the address
of such Holder appearing in the Security Register, which notice shall state: 
 (A) that a Change of Control has occurred,
and the date it occurred; 
 (B) the circumstances and relevant facts regarding such Change of Control; 

(C) the Change of Control Purchase Price and the Change of Control Purchase Date, which shall be a Business Day no earlier than
30 days nor later than 60 days from the day such notice is mailed, or such later date as is necessary to comply with requirements under the Exchange Act and any applicable securities laws or regulations; 

(D) that any Note accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest after the Change
of Control Purchase Date unless the Change of Control Purchase Price is not paid; 
 (E) that any Note (or part thereof) not
tendered shall continue to accrue interest; and 
 (F) any other procedures that a Holder must follow to accept a Change of
Control Offer or to withdraw such acceptance. 
 (c) On the Change of Control Purchase Date, the Issuer shall, to the extent lawful: 

(i) accept for payment all Notes or portions thereof (equal to $1,000 or an integral multiple thereof) properly tendered
pursuant to the Change of Control Offer; 
 (ii) deposit with the Paying Agent an amount equal to the Change of Control
Purchase Price in respect of all Notes or portions thereof so tendered; and 
 (iii) deliver or cause to be delivered to the
Trustee the Notes so accepted together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the Issuer. 

  
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 (d) The Paying Agent shall promptly mail to each Holder that has properly tendered its
Notes pursuant to the Change of Control Offer an amount equal to the Change of Control Purchase Price for such Notes and the Trustee shall promptly authenticate and mail (or cause to be transferred by book-entry) to each such Holder a new Note or
Notes equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note shall be in a principal amount of $200,000 or an integral multiple of $1,000 above such amount. 

(e) If the Change of Control Purchase Date is on or after an interest Record Date and on or before the related Interest Payment Date, any
accrued and unpaid interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such Record Date, and no additional interest shall be payable to Holders who tender pursuant to the Change of Control
Offer. 
 (f) The Issuer shall not be required to make a Change of Control Offer if a third party makes the Change of Control Offer in the
manner, at the times and otherwise in compliance with the requirements set forth herein applicable to a Change of Control Offer made by the Issuer and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer. 

(g) The Issuer shall comply with the applicable tender offer rules, including Rule 14e-l under the Exchange Act, and any other applicable
securities laws and regulations (including those of The Netherlands) in connection with a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Indenture, the Issuer shall
comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations under this Indenture by virtue of such conflict. 

Section 4.12. Additional Amounts. (a) All payments that the Issuer makes under or with respect to the
Notes shall be made free and clear of and without withholding or deduction for or on account of any present or future tax, duty, levy, impost, assessment or other governmental charge (including, without limitation, penalties, interest and other
similar liabilities related thereto) of whatever nature (collectively, “Taxes”) imposed or levied by or on behalf of any jurisdiction in which the Issuer is organized or is a resident for tax purposes or from or through which the
Issuer makes any payment on the Notes or by or within any department or political subdivision thereof (each, a “Relevant Taxing Jurisdiction”), unless the Issuer is required to withhold or deduct Taxes by law or by the
interpretation or administration of law. If the Issuer is required to withhold or deduct any amount for or on account of Taxes of a Relevant Taxing Jurisdiction from any payment made under or with respect to the Notes, the Issuer shall pay
additional amounts in cash (“Additional Amounts”) as may be necessary to ensure that the net amount received by each Holder after such withholding or deduction (including withholding or deduction attributable to Additional Amounts
payable hereunder) will not be less than the amount the Holder would have received if such Taxes had not been withheld or deducted. 

  
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 (b) Notwithstanding the foregoing, the Issuer shall pay no Additional Amounts to a Holder or
beneficial owner of any Note: 
 (i) to the extent the Taxes giving rise to such Additional Amounts would not have been
imposed but for the Holder’s or beneficial owner’s present or former connection with the Relevant Taxing Jurisdiction (other than a connection arising by reason of the acquisition, ownership, holding or disposition of Notes or by reason of
the receipt of payments thereunder or the exercise or enforcement of rights under any Notes or this Indenture); 
 (ii) to
the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the failure of the Holder or beneficial owner of Notes, following the Issuer’s written request addressed to the Holder, to the extent such Holder or
beneficial owner is legally entitled to do so, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Relevant Taxing
Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Relevant Taxing Jurisdiction (including, without limitation, a certification that the Holder or beneficial owner is not
resident in the Relevant Taxing Jurisdiction); 
 (iii) with respect to any estate, inheritance, gift, sales, transfer or
personal property tax or any similar Taxes; 
 (iv) if such Holder is a fiduciary or partnership or Person other than the
sole beneficial owner of such payment and the Taxes giving rise to such Additional Amounts would not have been imposed on such payment had such Holder been the beneficiary, partner or sole beneficial owner, as the case may be, of such Note (but only
if there is no material cost or expense associated with transferring such Note to such beneficiary, partner or sole beneficial owner and no restriction on such transfer that is outside the control of such beneficiary, partner or sole beneficial
owner); 
 (v) to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the
presentation by the Holder of any Note, where presentation is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later;

 (vi) with respect to any withholding or deduction that is imposed on a payment to an individual and that is required to be
made pursuant to the European Council Directive on the taxation of savings income which was adopted by the ECOFIN Council on June 3, 2003 or any law implementing or complying with, or introduced in order to conform to, such directive (the
“EU Savings Tax 

  
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Directive”) or is required to be made pursuant to the Agreement between the European Community and the Swiss Confederation dated as of October 26, 2004 providing for measures
equivalent to those laid down in the EU Savings Tax Directive (the “EU-Swiss Savings Tax Agreement”) or any law or other governmental regulation implementing or complying with, or introduced in order to conform to, such agreement;
and 
 (vii) with respect to any combination of the items listed above. 

The Issuer shall (A) make such withholding or deduction of Taxes required by applicable law and (B) remit the full amount of Taxes
so deducted or withheld to the relevant Taxing Authority in accordance with all applicable laws. The Issuer shall make reasonable best efforts to obtain certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld
from each Relevant Taxing Jurisdiction imposing such Taxes. The Issuer shall provide to the Trustee, within a reasonable time after the date the payment of any Taxes so deducted or withheld is due pursuant to applicable law, either a certified copy
of tax receipts evidencing such payment or, if such tax receipts are not reasonably available to the Issuer, such other documentation that provides reasonable evidence of such payment by the Issuer. 

(c) At least 30 calendar days prior to each date on which any payment under or with respect to the Notes is due and payable, if the Issuer
shall be obligated to pay Additional Amounts with respect to such payment (unless such obligation to pay Additional Amounts arises after the 30th day prior to the date on which payment under or with respect to the Notes is due and payable, in which
case it will be promptly thereafter), the Issuer shall deliver to the Trustee an Officers’ Certificate stating that such Additional Amounts will be payable and the amounts so payable and setting forth such other information as is necessary to
enable the Trustee to pay such Additional Amounts to the Holders on the payment date. The Issuer shall promptly publish a notice in accordance with Section 13.02 stating that such Additional Amounts will be payable and describing the obligation to
pay such amounts. 
 In addition, the Issuer shall pay any present or future stamp, issue, registration, court documentation, excise or
other similar taxes, charges and duties, including interest and penalties with respect thereto, imposed by any Relevant Taxing Jurisdiction in respect of the execution, issue, registration or delivery of the Notes or any other document or instrument
referred to thereunder and any such taxes, charges or duties imposed by any jurisdiction as a result of, or in connection with, the enforcement of the Notes and/or any other such document or instrument. 

(d) The foregoing provisions shall survive any termination, defeasance or discharge of this Indenture and shall apply mutatis
mutandis to any jurisdiction in which any Surviving Entity (as defined in Section 5.01(b)(i)) is organized or resident for tax purposes or any political subdivision or taxing authority or agency thereof or therein or any jurisdiction from or
through which payment is made by such Surviving Entity. 

  
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 (e) Whenever this Indenture or the Notes refer to, in any context, the payment of principal,
premium, if any, interest or any other amount payable under or with respect to any Note, such reference shall be deemed to include mention of the payment of Additional Amounts or indemnification payments as described hereunder, to the extent that in
such context Additional Amounts or indemnification payments are, were or would be payable in respect thereof pursuant to this Section 4.12. 

(f) The Issuer shall indemnify and hold harmless the Holders and, upon written request of any Holder, reimburse such Holder for the
amount of (i) any Taxes levied or imposed by a Relevant Taxing Jurisdiction and payable by such Holder in connection with payments made under or with respect to the Notes held by such Holder; and (ii) any Taxes levied or imposed with
respect to any reimbursement under the foregoing clause (i) or this clause (ii), so that the net amount received by such Holder after such reimbursement shall not be less than the net amount such Holder would have received if the Taxes giving rise
to the reimbursement described in clauses (i) and/or (ii) had not been imposed, provided, however, that the indemnification obligation provided for in this paragraph (f) shall not extend to Taxes imposed for which the eligible Holder
of the Notes would not have been eligible to receive payment of Additional Amounts hereunder or to the extent such Holder received Additional Amounts with respect to such payments.  

Section 4.13. [Reserved]. 

Section 4.14. [Reserved]. 

Section 4.15. [Reserved]. 

Section 4.16. Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Issuer
shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary
to: 
 (i) pay dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock
or any other interest or participation in, or measured by, its profits; 
 (ii) pay any Debt owed to the Issuer or any other
Restricted Subsidiary; 
 (iii) make loans or advances to the Issuer or any other Restricted Subsidiary; or 

(iv) transfer any of its properties or assets to the Issuer or any other Restricted Subsidiary. 

(b) The provisions of the covenant described in paragraph (a) above shall not apply to: 

(i) encumbrances and restrictions imposed by the Notes and this Indenture; 

  
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 (ii) any encumbrances or restrictions created under any agreements with respect
to Debt of the Issuer or a Restricted Subsidiary permitted to be Incurred subsequent to the date of this Indenture pursuant to the provisions of Section 4.06, including encumbrances or restrictions imposed by Debt permitted to be Incurred under
Credit Facilities or any guarantees thereof in accordance with such Section; provided that, in the judgment of the Issuer at the time of incurrence, such agreements will not materially impair the Issuer’s ability to make payments under
the Notes when due; 
 (iii) encumbrances or restrictions contained in any agreement in effect on the date of this Indenture,
including the Senior Credit Facility and the Existing DGL Indentures, the Existing DGL Notes, the Digicel Limited Notes and the Digicel Limited Indentures and the related guarantees thereof; 

(iv) with respect to restrictions or encumbrances referred to in clause (a)(iv) above, encumbrances and restrictions:
(A) that restrict in a customary manner the subletting, assignment or transfer of any properties or assets that are subject to a lease, license, conveyance or other similar agreement to which the Issuer or any Restricted Subsidiary is a party;
and (B) contained in operating leases for real property and restricting only the transfer of such real property upon the occurrence and during the continuance of a default in the payment of rent; 

(v) encumbrances or restrictions contained in any agreement or other instrument of a Person acquired by the Issuer or any
Restricted Subsidiary in effect at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the
property or assets of the Person, so acquired; 
 (vi) encumbrances or restrictions contained in contracts for sales of
Capital Stock or assets permitted by the provisions of Section 4.09 with respect to the assets or Capital Stock to be sold pursuant to such contract or in customary merger or acquisition agreements (or any option to enter into such contract) for the
purchase or acquisition of Capital Stock or assets or any of the Issuer’s Subsidiaries by another Person; 
 (vii) with
respect to restrictions or encumbrances referred to in clause (a)(iv) above, any customary encumbrances or restrictions pertaining to any asset or property subject to a Lien to the extent set forth in the security document governing such Lien; 

(viii) encumbrances or restrictions imposed by applicable law or regulation or by governmental licenses, concessions,
franchises or permits; 

  
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 (ix) any encumbrances or restrictions existing under any agreement that extends,
renews, amends, modifies, restates, supplements, refunds, refinances or replaces the agreements containing the encumbrances or restrictions in the foregoing clauses (b)(i), (ii) and (iii); provided that the terms and conditions of any such
encumbrances or restrictions are not materially less favorable, taken as a whole, to the Holders than those under or pursuant to the agreement so extended, renewed, amended, modified, restated, supplemented, refunded, refinanced or replaced; 

(x) encumbrances or restrictions on cash or other deposits or net worth imposed by customers under contracts entered into the
ordinary course of business; 
 (xi) customary limitations on the distribution or disposition of assets or property in joint
venture agreements entered into the ordinary course of business and in good faith; 
 (xii) in the case of clause (a)(iv)
above, customary encumbrances or restrictions in connection with purchase money obligations, mortgage financings and Capitalized Lease Obligations for property acquired in the ordinary course of business; or 

(xiii) any encumbrance or restriction arising by reason of customary non-assignment provisions in agreements. 

Section 4.17. Designation of Unrestricted and Restricted Subsidiaries. (a) The Issuer’s board of directors may
designate any Subsidiary (including newly acquired or newly established Subsidiaries) to be an “Unrestricted Subsidiary” only if: 

(i) no Default has occurred and is continuing at the time of or after giving effect to such designation; 

(ii) the Issuer would be permitted to make an Investment at the time of designation (assuming the effectiveness of such
designation) pursuant to Section 4.08(b) or as a Permitted Investment in an amount equal to the Fair Market Value of the Issuer’s interest in such Subsidiary (excluding any investment therein that constituted a Restricted Payment when made);
and 
 (iii) neither the Issuer nor any Restricted Subsidiary has a contract, agreement, arrangement, understanding or
obligation of any kind, whether written or oral, with such Subsidiary unless the terms of such contract, arrangement, understanding or obligation comply with Section 4.10 had such Subsidiary been an Unrestricted Subsidiary at the entering into or
incurring the same. 
 (b) In the event of any such designation, the Issuer shall be deemed to have made an Investment constituting a
Restricted Payment pursuant to Section 4.08 or a Permitted Investment for all purposes of this Indenture in an amount equal to the Fair Market Value of the Issuer’s interest in such Subsidiary (excluding any investment therein that constituted
a Restricted Payment when made). 

  
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 (c) Neither the Issuer nor any Restricted Subsidiary shall at any time be directly or indirectly
liable for any Debt of any Unrestricted Subsidiary, except to the extent permitted under Sections 4.08 and 4.10. 
 (d) The Issuer’s
board of directors may designate any Unrestricted Subsidiary as a Restricted Subsidiary if: 
 (i) no Default or Event of
Default has occurred and is continuing at the time of or will occur and be continuing after giving effect to such designation; and 

(ii) unless such redesignated Subsidiary shall not have any Debt outstanding (other than Debt that would be Permitted Debt),
immediately before and after giving effect to such proposed designation, and after giving pro forma effect to the Incurrence of any such Debt of such redesignated Subsidiary as if such Debt was Incurred on the date of the redesignation, such Debt
could be incurred pursuant to Section 4.06. 
 (e) Any such designation as an Unrestricted Subsidiary or Restricted Subsidiary by the
Issuer’s board of directors shall be evidenced to the Trustee by filing a resolution of the Issuer’s board of directors with the Trustee giving effect to such designation and an Officer’s Certificate certifying that such designation
complies with the foregoing conditions, and giving the effective date of such designation. Any such filing with the Trustee must occur within 45 days after the end of the Issuer’s fiscal quarter in which such designation is made (or, in the
case of a designation made during the last fiscal quarter of the Issuer’s fiscal year, within 90 days after the end of such fiscal year). 

Section 4.18. Payment of Taxes and Other Claims. The Issuer shall pay or discharge and shall cause each of its Subsidiaries
to pay or discharge, or cause to be paid or discharged, before the same shall become delinquent (a) all material taxes, assessments and governmental charges levied or imposed upon (i) the Issuer or any such Subsidiary, (ii) the income
or profits of any such Subsidiary which is a corporation or (iii) the property of the Issuer or any such Subsidiary and (b) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a lien upon the
property of the Issuer or any such Subsidiary; provided that the Issuer shall not be required to pay or discharge, or cause to be paid or discharged, any such tax, assessment, charge or claim the amount, applicability or validity of which is
being contested in good faith by appropriate proceedings or for which adequate reserves have been established. 
 Section 4.19.
[Reserved]. 
 Section 4.20. Future Guarantees. The Issuer shall cause each of its Restricted Subsidiaries that
guarantees any Debt of the Issuer (other than Debt of the Issuer consisting of a guarantee under the Senior Credit Facility, the Digicel Limited Notes and other Debt of the Issuer consisting of guarantees of Debt of one or more of the Issuer’s

  
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Restricted Subsidiaries) to execute and deliver to the Trustee within 30 days a Guarantee, substantially in the form of Exhibit D, pursuant to which such Subsidiary will guarantee payment of the
Notes on the terms and conditions set forth in this Indenture. Each future Guarantee of the Notes by a Restricted Subsidiary shall be subject to the limitations on the effectiveness and enforceability set forth in Section 10.04. 

Section 4.21. Reports to Holders. So long as any Notes are outstanding, the Issuer shall furnish to the Trustee (who, at
the Issuer’s expense, will furnish by mail to Holders and, upon request to the Trustee, prospective investors in the Notes): 

(a) annual financial statements audited by an internationally recognized firm of independent public accountants within 120 days after the end
of the Issuer’s fiscal year, and 
 (b) quarterly financial statements (including a balance sheet, income statement and cash flow
statement for the fiscal quarter or quarters then ended and the corresponding fiscal quarter or quarters from the prior year) within 60 days of the end of each of the first three fiscal quarters of each fiscal year. 

Such annual and quarterly financial statements will be prepared in accordance with IFRS and be accompanied by a management discussion and
analysis of the results of operations and liquidity and capital resources of the Issuer and its Subsidiaries for the periods presented in a level of detail comparable to the management discussion and analysis of the results of operations and
liquidity and capital resources of the Issuer and its Subsidiaries contained in the Offering Memorandum. 
 In addition, the Issuer shall
furnish to Holders, prospective investors and securities analysts, upon the requests of such Holders, prospective investors or securities analysts, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long
as the Notes are not freely transferable under the Exchange Act by Persons who are not “affiliates” under the Securities Act. 

The Issuer shall also (a) post to a secure website any reports delivered to the Trustee; or (b) make available copies of all
reports furnished to the Trustee to an information agent that shall furnish the reports to the Holders, prospective investors and securities analysts upon request; provided that the Issuer shall be entitled to suspend compliance with its
obligations under this sentence (i) if and so long as the Issuer files Exchange Act reports with the Commission or (ii) if the Issuer determines it must do so to comply with its obligations under applicable securities laws, including in
connection with the issuance and sale or potential issuance and sale of securities. 
 Section 4.22. Further
Instruments and Acts. Upon request of the Trustee (but without imposing any duty or obligation of any kind on the Trustee to make any such request), the Issuer and the Guarantors, if any, shall execute and deliver such further instruments and do
such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

  
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 ARTICLE FIVE 

CONSOLIDATION, MERGER AND SALE OF ASSETS 

Section 5.01. Consolidation, Merger and Sale of Assets. (a) The Issuer shall not, in a single transaction or through a
series of transactions, consolidate, amalgamate or merge with or into any other Person or sell, assign, convey, transfer, lease or otherwise dispose of, or take any action pursuant to any resolution passed by the Issuer’s board of directors or
shareholders with respect to a demerger or division pursuant to which the Issuer would dispose of, all or substantially all of the Issuer’s properties and assets to any other Person or Persons and the Issuer shall not permit any Restricted
Subsidiary to enter into any such transaction or series of transactions if such transaction or series of transactions, in the aggregate, would result in the sale, assignment, conveyance, transfer, lease or other disposition of all or substantially
all of the properties and assets of the Issuer and its Restricted Subsidiaries on a consolidated basis to any other Person or Persons. 

(b) Paragraph (a) above shall not apply if: 

(i) at the time of, and immediately after giving effect to, any such transaction or series of transactions, either the Issuer
shall be the continuing corporation or the Person (if other than the Issuer) formed by or surviving any such consolidation, amalgamation or merger or to which such sale, assignment, conveyance, transfer, lease or disposition of all or substantially
all the properties and assets of the Issuer and the Restricted Subsidiaries on a consolidated basis has been made (the “Surviving Entity”): 

(x) shall be a corporation duly incorporated and validly existing under the laws of Jamaica, Bermuda, the Cayman Islands,
Barbados, St. Lucia, Trinidad & Tobago, Aruba, Curaçao, St. Vincent & Grenadines, Grenada, the United States of America, any state thereof or the District of Columbia, and 

(y) shall expressly assume, by a supplemental indenture in form satisfactory to the Trustee, the Issuer’s obligations
under the Notes and this Indenture, and the Notes and this Indenture shall remain in full force and effect as so supplemented; 

(ii) immediately after giving effect to such transaction or series of transactions on a pro forma basis (and treating any
obligation of the Issuer or any Restricted Subsidiary Incurred in connection with or as a result of such transaction or series of transactions as having been Incurred by the Issuer or such Restricted Subsidiary at the time of such transaction), no
Default or Event of Default shall have occurred and be continuing; 
 (iii) immediately after giving effect to such
transaction or series of transactions on a pro forma basis (on the assumption that the transaction or series of transactions occurred on the first day of the four-quarter fiscal period 

  
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immediately prior to the consummation of such transaction or series of transactions with the appropriate adjustments with respect to the transaction or series of transactions being included in
such pro forma calculation), the Issuer (or the Surviving Entity if the Issuer is not the continuing obligor under this Indenture) could Incur at least $1.00 of additional Debt under clause (i) of Section 4.06(a) or the Leverage Ratio for the
Issuer (or the Surviving Entity if the Issuer is not the continuing obligor under this Indenture) and its Restricted Subsidiaries would be lower than such ratio prior to such transaction; 

(iv) any of the Issuer’s property or assets would thereupon become subject to any Lien and the provisions of Section 4.07
are complied with; and 
 (v) the Issuer or the Surviving Entity shall have delivered to the Trustee, in form and substance
satisfactory to the Trustee, an Officer’s Certificate (attaching the computations to demonstrate compliance with clause (iii) above) and an opinion of counsel, each stating that such consolidation, amalgamation, merger, sale, assignment,
conveyance, transfer, lease or other disposition, and if a supplemental indenture is required in connection with such transaction, such supplemental indenture, comply with the requirements of this Indenture and that all conditions precedent in this
Indenture relating to such transaction have been satisfied and that this Indenture and the Notes constitute legal, valid and binding obligations of the continuing Person, enforceable in accordance with their terms. 

(c) The Surviving Entity shall succeed to, and be substituted for, and may exercise every right and power of, the Issuer under this Indenture,
but, in the case of a lease of all or substantially all of the Issuer’s assets, the Issuer shall not be released from the obligation to pay the principal of, premium, if any, and interest on the Notes. 

(d) Nothing in this Indenture will prevent any Wholly Owned Restricted Subsidiary from consolidating with, merging into or transferring all or
substantially all of its properties and assets to the Issuer or any other Wholly Owned Restricted Subsidiary. 
 The Issuer will publish a
notice of any consolidation, merger or sale of assets described above in accordance with Section 13.02. 
 Section 5.02.
Successor Substituted. Upon any consolidation, amalgamation, or merger, or any sale, conveyance, transfer, lease or other disposition of all or substantially all of the property and assets of the Issuer in accordance with Section 5.01 of this
Indenture, any Surviving Entity formed by such consolidation or into which the Issuer is merged or to which such sale, conveyance, transfer, lease or other disposition is made, shall succeed to, and be substituted for, and may exercise every right
and power of, the Issuer under this Indenture with the same effect as if such Surviving Entity had been named as the Issuer herein; provided that the Issuer shall not be released from its obligation to pay the principal of, premium, if any,
or interest and Additional Amounts, if any, on the Notes in the case of a lease of all or substantially all of its property and assets. 

  
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 ARTICLE SIX 

DEFAULTS AND REMEDIES 

Section 6.01. Events of Default. (a) “Event of Default”, wherever used herein, means any of the following
events: 
 (i) default for 30 days in the payment when due of any interest or any Additional Amounts on any Note; 

(ii) default in the payment of the principal of or premium, if any, on any Note at its Maturity (upon acceleration, optional or
mandatory redemption, if any, required repurchase or otherwise); 
 (iii) failure to comply with any covenant or agreement of
the Issuer or of any Restricted Subsidiary that is contained in this Indenture (other than specified in clause (i) or (ii) above) and such failure continues for a period of 60 days or more after the written notice specified in Section 6.02; 

(iv) default under the terms of any instrument evidencing or securing the Debt of the Issuer, any Guarantor or any Significant
Subsidiary having an outstanding principal amount in excess of $50.0 million individually or in the aggregate, if that default: (x) results in the acceleration of the payment of such Debt or (y) is caused by the failure to pay such Debt at
final Maturity thereof after giving effect to the expiration of any applicable grace periods and other than by regularly scheduled required prepayment) and such failure to make any payment has not been waived or the Maturity of such Debt has not
been extended, and in either case the total amount of such Debt unpaid or accelerated exceeds $50.0 million or its equivalent at the time; 

(v) one or more final judgments, orders or decrees (not subject to appeal and not covered by insurance) shall be rendered
against the Issuer or any Significant Subsidiary, either individually or in an aggregate amount, in excess of $50.0 million, and either a creditor shall have commenced an enforcement proceeding upon such judgment, order or decree or there shall have
been a period of 30 consecutive days or more during which a stay of enforcement of such judgment, order or decree was not (by reason of pending appeal or otherwise) in effect; and 

(vi) the entry by a court of competent jurisdiction of (A) a decree or order for relief in respect of the Issuer or any
Significant Subsidiary in an involuntary case or proceeding under any applicable Bankruptcy Law or (B) a decree or order adjudging the Issuer or any Significant Subsidiary bankrupt or insolvent, or seeking reorganization, arrangement,
adjustment or composition of or in respect of the Issuer or any Significant Subsidiary under any applicable law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Issuer or any
Significant Subsidiary or of any substantial part of their respective properties or ordering the winding up or 

  
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liquidation of their affairs, and any such decree, order or appointment pursuant to any Bankruptcy Law for relief shall continue to be in effect, or any such other decree, appointment or order
shall be unstayed and in effect, for a period of 100 consecutive days; or 
 (vii) (A) the Issuer or any Significant
Subsidiary (x) commences a voluntary case or proceeding under any applicable Bankruptcy Law or any other case or proceeding to be adjudicated bankrupt or insolvent or (y) consents to the filing of a petition, application, answer or consent
seeking reorganization or relief under any applicable Bankruptcy Law, (B) the Issuer or any Significant Subsidiary consents to the entry of a decree or order for relief in respect of the Issuer or such Significant Subsidiary in an involuntary
case or proceeding under any applicable Bankruptcy Law or to the commencement of any bankruptcy or insolvency case or proceeding against it or (C) the Issuer or any Significant Subsidiary (x) consents to the appointment of, or taking
possession by, a custodian, receiver, liquidator, administrator, supervisor, assignee, trustee, sequestrator or similar official of the Issuer or such Significant Subsidiary or of any substantial part of their respective properties, (y) makes
an assignment for the benefit of creditors or (z) admits in writing its inability to pay its debts generally as they become due. 
 (b)
If a Default or an Event of Default occurs and is continuing and is actually known to the Trustee, the Trustee shall mail to each Holder notice of the Default or Event of Default within 15 Business Days after its occurrence by registered or
certified mail or facsimile transmission an Officer’s Certificate specifying such event, notice or other action, its status and what action the Issuer is taking or proposes to take with respect thereto. Except in the case of a Default or an
Event of Default in payment of principal or premium, if any, on the Notes or interest, if any, or Additional Amounts, if any, on any Note, the Trustee may withhold the notice to the Holders if and so long as a committee of its Trust Officers in good
faith determines that withholding the notice is in the interests of the Holders. 
 Section 6.02. Acceleration. (a) If an
Event of Default (other than as specified in Section 6.01(a)(vi) or (vii) with respect to the Issuer) occurs and is continuing, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes then outstanding by written
notice to the Issuer (and to the Trustee if such notice is given by the Holders) may, and the Trustee, upon the written request of such Holders, shall, declare the principal of, premium, if any, and any Additional Amounts and accrued interest on all
of the outstanding Notes immediately due and payable, and upon any such declaration all such amounts payable in respect of the Notes shall become immediately due and payable. 

(b) If an Event of Default specified in Section 6.01(a)(vi) or (vii) occurs and is continuing with respect to the Issuer, then the principal
of, premium, if any, and accrued and unpaid interest on all of the outstanding Notes shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

  
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 (c) At any time after a declaration of acceleration under this Indenture, but before a judgment
or decree for payment of the money due has been obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Notes, by written notice to the Issuer and the Trustee, may rescind such declaration and its
consequences if: 
 (i) the Issuer has paid or deposited with the Trustee a sum sufficient to pay: 

(A) all overdue interest on all Notes then outstanding; 

(B) all unpaid principal of and premium, if any, on any outstanding Notes that have become due otherwise than by such
declaration of acceleration and interest thereon at the rate borne by the Notes; 
 (C) to the extent that payment of such
interest is lawful, interest upon overdue interest and overdue principal at the rate borne by the Notes; and 
 (D) all sums
paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 

(ii) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and 

(iii) all Events of Default, other than the non-payment of amounts of principal of, premium, if any, and any Additional Amounts
and interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.04. 

No such rescission shall affect any subsequent default or impair any right consequent thereon. 

Section 6.03. Other Remedies. If an Event of Default occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement
in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 All rights of action and
claims under this Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall
be brought in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for
the ratable benefit of the Holders in respect of which such judgment has been recovered. 

  
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 Section 6.04. Waiver of Past Defaults. The Holders of not less than a majority
in aggregate principal amount of the outstanding Notes may, on behalf of the Holders of all the Notes, waive any past Default hereunder and its consequences, except a Default: 

(a) in the payment of the principal of, premium, if any, and Additional Amounts or interest on any Note; or 

(b) in respect of a covenant or provision hereof which under Article 9 cannot be modified or amended without the consent of the Holder of each
Note outstanding. 
 Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to
have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. 

Section 6.05. Control by Majority. The Holders of a majority in aggregate principal amount of the 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 under this Indenture; provided that: 

(a) the Trustee may refuse to follow any direction that conflicts with law, this Indenture or that the Trustee determines in good faith may be
unduly prejudicial to the rights of Holders not joining in the giving of such direction; 
 (b) the Trustee may refuse to follow any
direction that the Trustee determines is unduly prejudicial to the rights of other Holders or would involve the Trustee in personal liability; and 

(c) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. 

Section 6.06. Limitation on Suits. No Holder has any right to institute any proceedings with respect to this Indenture or any
remedy thereunder, unless the Holders of at least 25% in aggregate principal amount of the outstanding Notes have made a written request, and offered reasonable indemnity or security, to the Trustee to institute such proceeding as Trustee under the
Notes and this Indenture, the Trustee has failed to institute such proceeding within 30 days after receipt of such notice and the Trustee within such 30-day period has not received directions inconsistent with such written request by Holders of a
majority in aggregate principal amount of the outstanding Notes. Such limitations do not, however, apply to a suit instituted by a Holder for the enforcement of the payment of the principal of, premium, if any, and Additional Amounts or interest on
such Note on or after the respective due dates expressed in such Note. 
 A Holder may not use this Indenture to prejudice the rights of any
other Holder or to obtain a preference or priority over another Holder. 

  
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 Section 6.07. Unconditional Right of Holders To Receive Payment.
Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of, premium, if any, Additional Amounts, if any, and interest, if any, on the Notes held by such Holder, on or after the respective due
dates expressed in the Notes, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

Section 6.08. Collection Suit by Trustee. (a) The Issuer covenants that if default is made in the payment of: 

(i) any installment of interest on any Note when such interest becomes due and payable and such default continues for a period
of 30 days, or 
 (ii) the principal of (or premium, if any, on) any Note at the Maturity thereof, the Issuer shall, upon
demand of the Trustee, pay to the Trustee for the benefit of the Holders of such Notes, the whole amount then due and payable on such Notes for principal (and premium, if any), Additional Amounts, if any and interest, and interest on any overdue
principal (and premium, if any) and Additional Amounts, if any and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installment of interest, at the rate borne by the Notes, and, in addition thereto, such
further amount as shall be sufficient to cover the amounts provided for in Section 7.07 and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel. 
 (b) If the Issuer fails to pay such amounts forthwith upon such demand, the Trustee, in
its own name as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Issuer or any other
obligor upon the Notes and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Issuer or any other obligor upon the Notes, wherever situated. 

Section 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as
may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07) and the Holders allowed in any judicial proceedings relative to the Issuer or any Guarantor, their creditors or their property and, unless prohibited by law or applicable regulations, may vote on behalf of the Holders at their
direction 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. 

  
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 Nothing herein contained shall be deemed to empower the Trustee to authorize or consent to, or
accept or adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any
such proceeding. 
 Section 6.10. Application of Money Collected. If the Trustee collects any money or property pursuant
to this Article 6, it shall pay out the money or property in the following order: 
 FIRST: to the Trustee for amounts
due under Section 7.07; 
 SECOND: to Holders for amounts due and unpaid on the Notes for principal of, premium, if any,
interest, if any, and Additional Amounts, if any, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, interest, if any, and Additional Amounts, if any,
respectively; and 
 THIRD: to the Issuer or any other obligors of the Notes, as their interests may appear, or as a court of
competent jurisdiction may direct. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section
6.10. At least 30 days before such record date, the Issuer shall mail to each Holder and the Trustee a notice that states the record date, the payment date and amount to be paid. 

Section 6.11. Undertaking for Costs. A court may in its discretion require, in any suit for the enforcement of any right or remedy
under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in the suit of an undertaking to pay the costs of such suit, and such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees, against any party litigant in such 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 Holders of more than 10% in aggregate principal amount of the outstanding Notes or to any suit by any Holder pursuant to Section 6.07. 

Section 6.12. Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right
or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding,
the Issuer, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted. 

  
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 Section 6.13. Rights and Remedies Cumulative. Except as otherwise provided
with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy,
and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.14. Delay or Omission not Waiver. No delay or omission of the Trustee or of any Holder of any Note to exercise
any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article 6 or by law to the Trustee or
to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 6.15. Record Date. The Issuer may set a record date for purposes of determining the identity of Holders entitled to vote
or to consent to any action by vote or consent authorized or permitted by Sections 6.04, 6.05 and 12.04. Unless this Indenture provides otherwise, such record date shall be the later of 30 days prior to the first solicitation of such consent or the
date of the most recent list of Holders furnished to the Trustee pursuant to Section 2.05 prior to such solicitation. 

Section 6.16. Waiver of Stay or Extension Laws. The Issuer covenants (to the extent that it may lawfully do so) that it
shall not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance
of this Indenture; and the Issuer (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it 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 of which a Trust Officer of
the Trustee has actual knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances
in the conduct of such person’s own affairs; 
 (b) Except during the continuance of an Event of Default of which a Trust
Officer of the Trustee has actual knowledge: (i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no others and no implied covenants or obligations shall be read into this
Indenture against the Trustee; and (ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the 

  
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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. In the
case of any such certificates or opinions which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine same to determine whether they conform to the requirements of this Indenture (but need not
confirm or investigate the accuracy of mathematical calculations or other facts stated therein); 
 (c) The Trustee shall not be relieved
from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 

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

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer unless it is proved that
the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee shall not be liable with respect to
any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.02 or 6.05; 
 (d)
The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuer or the Guarantors, if any. Money held in trust by the Trustee need not be segregated from other funds except to the
extent required by law; 
 (e) 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 or security against such risk
or liability is not reasonably assured to it; and 
 (f) 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 7.01. 
 Section 7.02.
Certain Rights of Trustee. (a) Subject to Section 7.01: 
 (i) the Trustee may rely conclusively, and shall be
protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document
believed by it to be genuine and to have been signed or presented by the proper person; 
 (ii) before the Trustee acts or
refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both, which shall conform to Section 13.05. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such
certificate or opinion; 

  
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 (iii) the Trustee may act through its attorneys and agents and shall not be
responsible for the misconduct or negligence of any attorney or agent appointed with due care by it hereunder; 
 (iv) 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, unless such Holders shall have offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction; 
 (v)
the Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers; 

(vi) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officer’s Certificate; 

(vii) 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 Issuer personally or by agent or attorney and
shall not incur any additional liability or assume any additional obligations by reason of such further inquiry or investigation; 

(viii) the Trustee shall not be required to give any bond or surety with respect to the performance of its duties or the
exercise of its powers under this Indenture; 
 (ix) in the event the Trustee receives inconsistent or conflicting requests
and indemnity from two or more groups of Holders, each representing less than a majority in aggregate principal amount of the Notes then outstanding, pursuant to the provisions of this Indenture, the Trustee, in its sole discretion, may determine
what action, if any, will be taken; 
 (x) the permissive right of the Trustee to take the actions permitted by this
Indenture will not be construed as an obligation or duty to do so; 
 (xi) delivery of reports, information and documents to
the Trustee under Section 4.21 is for informational purposes only and the Trustee’s receipt of 

  
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the foregoing will not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of
their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates); 
 (xii)
the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its rights to be indemnified, are extended to, and will be enforceable by, the Trustee in each of its capacities hereunder, and each
agent, custodian and other Person employed to act hereunder; 
 (xiii) the Trustee may consult with counsel and the advice of
such counsel or any Opinion of Counsel will, subject to Section 7.01(c), be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; and

 (xiv) the Trustee shall not be responsible or liable for special, indirect, or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of actions. 

(b) The Trustee may request that the Issuer deliver an Officer’s Certificate setting forth the names of the individuals and/or titles of
officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an Officer’s Certificate, including any person specified as so authorized in
any such certificate previously delivered and not superseded. 
 Section 7.03. Individual Rights of Trustee. The Trustee,
any Paying Agent, any Registrar or any other agent of the Issuer or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Issuer
with the same rights it would have if it were not Trustee, Paying Agent, Registrar or such other agent. 
 Section 7.04.
Trustee’s Disclaimer. The recitals contained herein and in the Notes, except for the Trustee’s certificates of authentication, shall be taken as the statements of the Issuer, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Notes, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture and to authenticate the Notes.
The Trustee shall not be accountable for the Issuer’s use of the proceeds from the Notes or any money paid to the Issuer or upon the Issuer’s direction under any provision of this Indenture nor shall it be responsible for the use or
application of any money received by any Paying Agent other than the Trustee. 
 Section 7.05. [Reserved]. 

Section 7.06. Reports by Trustee to Holders. Within 60 days after June 15 of each year commencing with the first
June 15 after the Issue Date, the Trustee shall transmit to the Holders, in the manner and to the extent provided in TIA Section 313(c), a brief report dated as of such June 15, if required by TIA Section 313(a). The Trustee also
shall comply with TIA Sections 313(b) and (c). 

  
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 The Issuer shall promptly notify the Trustee whenever the Notes become listed on any securities
exchange and of any delisting thereof and the Trustee shall file the above described report with each stock exchange upon which the Notes are listed. 

Section 7.07. Compensation and Indemnity. The Issuer, failing which the Guarantors, if any, shall pay to the Trustee such
compensation as shall be agreed in writing for its services hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer, failing which the Guarantors, if any, shall
reimburse the Trustee promptly upon request for all reasonable disbursements, advances or expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable
compensation, disbursements, advances and expenses of the Trustee’s agents and counsel. 
 The Issuer, failing which the
Guarantors, if any, shall indemnify the Trustee against any and all loss, liability or expense (including attorneys’ fees and expenses) incurred by it without willful misconduct or negligence on its part arising out of or in connection with the
administration of this trust and the performance of its duties hereunder (including the costs and expenses of enforcing this Indenture against the Issuer and the Guarantors, if any (including this Section 7.07) and defending itself against any
claim, whether asserted by the Issuer, the Guarantors, if any, any Holder or any other Person, or liability in connection with the execution and performance of any of its powers and duties hereunder). The Trustee shall notify the Issuer promptly of
any claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuer shall not relieve the Issuer or any Guarantor of its obligations hereunder. The Issuer shall, at the Trustee’s sole discretion, defend the claim and the
Trustee shall reasonably cooperate and may participate at the Issuer’s expense in such defense. Alternatively, the Trustee may at its option have separate counsel of its own choosing and the Issuer shall pay the reasonable fees and expenses of
such counsel. The Issuer need not pay for any settlement made without its consent, which consent may not be unreasonably withheld. The Issuer shall not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee
through the Trustee’s own willful misconduct, negligence or bad faith. 
 To secure the Issuer’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, in its capacity as Trustee, except money or property held in trust to pay principal of, premium, if any, and interest on
particular Notes. Such lien shall survive the satisfaction and discharge of this Indenture. 
 When the Trustee incurs expenses after the
occurrence of a Default specified in Section [6.01(a)(x)] or [(xi)] with respect to the Issuer, the Guarantors, if any, or any Restricted Subsidiary, the expenses are intended to constitute expenses of administration under Bankruptcy Law. 

  
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 The Issuer’s obligations under this Section 7.07 and any claim or lien arising hereunder
shall survive the resignation or removal of any Trustee, the satisfaction and discharge of the Issuer’s obligations pursuant to Article 8 and any rejection or termination under any Bankruptcy Law, and the termination of this Indenture. 

Section 7.08. Replacement of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee shall
become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 
 The Trustee
may resign at any time by so notifying the Issuer. The Holders of a majority in outstanding principal amount of the outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuer. The Issuer 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 or is removed, or if a vacancy exists in the office of Trustee for any reason, the Issuer shall promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Issuer. If the
successor Trustee does not deliver its written acceptance required by the next succeeding paragraph of this Section 7.08 within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuer or the Holders of a majority
in principal amount of the outstanding Notes may, at the expense of the Issuer, petition any court of competent jurisdiction for the appointment of a successor Trustee. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuer. Thereupon the
resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided that all sums owing to the Trustee hereunder have been paid and 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,
the Issuer or the Holders of at least 25% in outstanding principal amount of the Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense of the Issuer. 

If the Trustee fails to comply with Section 7.10, any Holder who has been a bona fide Holder of a Note for at least six months may petition
any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

  
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 Notwithstanding the replacement of the Trustee pursuant to this Section 7.08, the Issuer’s
and the Guarantors’, if any, obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 

Section 7.09. Successor Trustee by Merger. Any corporation into which the Trustee may be merged or converted or with which
it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall
be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article 7, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case
any Notes shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with
the same effect as if such successor Trustee had itself authenticated such Notes. In case at that time any of the Notes shall not have been authenticated, any successor Trustee may authenticate such Notes either in the name of any predecessor
hereunder or in the name of the successor Trustee. In all such cases such certificates shall have the full force and effect which this Indenture provides for the certificate of authentication of the Trustee shall have; provided that the right
to adopt the certificate of authentication of any predecessor Trustee or to authenticate Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

Section 7.10. Eligibility; Disqualification. The Trustee shall at all times satisfy the requirements of TIA
Section 310(a)(1) and (5). 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. No obligor upon the Notes or Person directly controlling, controlled
by, or under common control with such obligor shall serve as trustee upon the Notes. The Trustee shall comply with TIA Section 310(b); provided that there shall be excluded from the operation of TIA Section 310(b)(1) any indenture
or indentures under which other securities or certificates of interest or participation in other notes of the Issuer are outstanding if the requirements for such exclusion set forth in TIA Section 310(b)(1) are met. 

Section 7.11. Preferential Collection of Claims Against Issuer. The Trustee shall comply with TIA Section 311(a),
excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. 

Section 7.12. Appointment of Co-Trustee. (a) It is the purpose of this Indenture that there shall be no violation of any law
of any jurisdiction denying or restricting the right of banking corporations or associations to transact business as trustee in such jurisdiction. It is recognized that in case of litigation under this Indenture, and in particular in case of the
enforcement thereof on default, or in the case the Trustee deems that by reason of any present or future law of any jurisdiction it may not exercise any of the powers, rights or remedies herein granted to the Trustee or hold title to the properties,
in trust, as herein granted or take any action which may be desirable or necessary in 

  
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connection therewith, it may be necessary that the Trustee appoint an individual or institution as a separate or co-trustee. The following provisions of this Section 7.12 are adopted to these
ends. 
 (b) In the event that the Trustee appoints an additional individual or institution as a separate or co-trustee, each and every
remedy, power, right, claim, demand, cause of action, immunity, estate, title, interest and lien expressed or intended by this Indenture to be exercised by or vested in or conveyed to the Trustee with respect thereto shall be exercisable by and vest
in such separate or co-trustee but only to the extent necessary to enable such separate or co-trustee to exercise such powers, rights and remedies, and only to the extent that the Trustee by the laws of any jurisdiction is incapable of exercising
such powers, rights and remedies, and every covenant and obligation necessary to the exercise thereof by such separate or co-trustee shall run to and be enforceable by either of them. 

(c) Should any instrument in writing from the Issuer be required by the separate or co-trustee so appointed by the Trustee for more fully and
certainly vesting in and confirming to him or it such properties, rights, powers, trusts, duties and obligations, any and all such instruments in writing shall to the extent permitted by the laws of The Netherlands, on request, be executed,
acknowledged and delivered by the Issuer; provided that if an Event of Default shall have occurred and be continuing, if the Issuer does not execute any such instrument within 15 days after request therefor, the Trustee shall be empowered as
an attorney-in-fact for the Issuer to execute any such instrument in the Issuer’s name and stead. In case any separate or co-trustee or a successor to either shall die, become incapable or acting, resign or be removed, all the estates,
properties, rights, powers, trusts, duties and obligations of such separate or co-trustee, so far as permitted by law, shall vest in and be exercised by the Trustee until the appointment of a new trustee or successor to such separate or co-trustee.

 (d) Each separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions
and conditions: 
 (i) all rights and powers, conferred or imposed upon the Trustee shall be conferred or imposed upon and
may be exercised or performed by such separate trustee or co-trustee; and 
 (ii) no trustee hereunder shall be liable by
reason of any act or omission of any other trustee hereunder. 
 (e) Any notice, request or other writing given to the Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Indenture and the conditions of this
Article 7. 
 (f) Any separate trustee or co-trustee may at any time appoint the Trustee as its agent or attorney-in-fact with full power
and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Indenture on its behalf and in its 

  
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name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised
by the Trustee, to the extent permitted by law, without the appointment of a new or successors trustee. 
 ARTICLE EIGHT 

DEFEASANCE; SATISFACTION AND DISCHARGE 

Section 8.01. Issuer’s Option To Effect Defeasance or Covenant Defeasance. The Issuer may, at its option by a
resolution of its board of directors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8. 

Section 8.02. Defeasance and Discharge. Upon the Issuer’s exercise under Section 8.01 of the option applicable to this
Section 8.02, the Issuer shall be deemed to have been discharged from their obligations with respect to the Notes on the date the conditions set forth in Section 8.04 are satisfied (hereinafter, “Legal Defeasance”).
For this purpose, such Legal Defeasance means that the Issuer shall be deemed to have paid and discharged the entire Debt represented by the outstanding Notes and to have satisfied all its other obligations under the Notes and this Indenture (and
the Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of
outstanding Notes to receive, solely from the trust fund described in Section 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due,
(b) the provisions set forth at Section 8.06 below, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Issuer’s obligations in connection therewith and (d) this Section 8.02. Subject to
compliance with this Article 8, the Issuer may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 below with respect to the Notes. If the Issuer exercises its Legal Defeasance option,
payment of the Notes may not be accelerated because of an Event of Default. 
 If the Issuer exercises its Legal Defeasance option,
each Guarantor shall be released from all its obligations under its Guarantee, and the Trustee shall execute a release of such Guarantee. 

Section 8.03. Covenant Defeasance. Upon the Issuer’s exercise under Section 8.01 of the option applicable to this Section
8.03, the Issuer shall be released from their obligations under any covenant contained in Sections 4.04 through 4.11, 4.16, 4.17, 4.20, 4.21 and 5.01 with respect to the Notes on and after the date the conditions set forth below are satisfied
(hereinafter, “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that the Issuer 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, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. 

  
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 Section 8.04. Conditions to Defeasance. In order to exercise either Legal Defeasance
or Covenant Defeasance: 
 (a) the Issuer must irrevocably deposit or cause to be deposited in trust with the Trustee, for the benefit of
the Holders, cash in dollars, U.S. Government Obligations or a combination thereof, in such amounts as will be sufficient, in the opinion of an internationally recognized firm of independent public accountants, to pay and discharge the principal of,
premium, if any, and interest on the outstanding Notes on the Stated Maturity or on the applicable redemption date, as the case may be, and the Issuer must (i) specify whether the Notes are being defeased to Maturity or to a particular
redemption date; and (ii) if applicable, have delivered to the Trustee an irrevocable notice to redeem all of the outstanding Notes of such principal, premium, if any, or interest; 

(b) in the case of an election under Section 8.02, the Issuer must have delivered to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee stating that (x) the Issuer has received from, or there has been published by, the US Internal Revenue Service a ruling, or (y) since the date of this Indenture, there has been a change in applicable US federal income tax
law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of the outstanding Notes will not recognize income, gain or loss for US federal income tax purposes as a result of such Legal Defeasance and will
be subject to US federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(c) in the case of an election under Section 8.03, the Issuer must have delivered to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee to the effect that the Holders of the outstanding Notes will not recognize income, gain or loss for US federal income tax purposes as a result of such Covenant Defeasance and will be subject to US 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; 
 (d) no
Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 

(e) such Legal Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest as defined in this Indenture and
for purposes of the Trust Indenture Act with respect to any of the Issuer’s securities; 
 (f) such Legal Defeasance or Covenant
Defeasance shall not result in a breach or violation of, or constitute a default under (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit), this Indenture or any material agreement or
instrument to which the Issuer or any Restricted Subsidiary is a party or by which the Issuer or any Restricted Subsidiary is bound; 

  
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 (g) such Legal Defeasance or Covenant Defeasance shall not result in the trust arising from such
deposit constituting an investment company within the meaning of the US Investment Company Act of 1940 unless such trust shall be registered under such Act or exempt from registration thereunder; 

(h) the Issuer must have delivered to the Trustee an opinion of independent counsel in the country of the Issuer’s incorporation to the
effect that, as of the date of such opinion and subject to customary assumptions and exclusions, following a period of time after the deposit set forth in such opinion, the trust funds shall not be subject to the effect of any applicable bankruptcy,
insolvency, reorganization or similar laws affecting creditors’ rights generally; 
 (i) the Issuer must have delivered to the Trustee
an Officer’s Certificate stating that the deposit was not made by the Issuer with the intent of preferring the Holders over the other creditors of the Issuer with the intent of defeating, hindering, delaying or defrauding creditors of the
Issuer or others, or removing assets beyond the reach of the relevant creditors or increasing debts of the Issuer to the detriment of the relevant creditors; and 

(j) the Issuer must have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions
precedent provided for relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied with. 
 If the
funds deposited with the Trustee to effect Covenant Defeasance are insufficient to pay the principal of, premium, if any, and interest on the Notes when due because of any acceleration occurring after an Event of Default, then the Issuer and the
Guarantors, if any, will remain liable for such payments. 
 Section 8.05. Satisfaction and Discharge of Indenture. This
Indenture shall be discharged and shall cease to be of further effect (except as to surviving rights under Section 2.06) when: 
 (a) the
Issuer has irrevocably deposited or caused to be deposited with the Trustee as funds in trust for such purpose an amount in dollars or U.S. Government Obligations sufficient to pay and discharge the entire Debt on such Notes that have not, prior to
such time, been delivered to the Trustee for cancellation, for principal of, premium, if any, and any Additional Amounts and accrued and unpaid interest on the Notes to the date of such deposit (in the case of Notes which have become due and
payable) or to the Stated Maturity or Redemption Date, as the case may be, and the Issuer has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of Notes at Maturity or on the
Redemption Date, as the case may be, and either: 
 (i) all the Notes that have been authenticated and delivered (other than
destroyed, lost or stolen Notes that have been replaced or paid and Notes for whose payment money has been deposited in trust or segregated and held in trust 

  
 77 

 
by the Issuer and thereafter repaid to the Issuer or discharged from such trust as provided for in Section 8.07) have been delivered to the Trustee for cancellation; or 

(ii) all Notes that have not been delivered to the Trustee for cancellation (x) have become due and payable (by reason of
the mailing of a notice of redemption or otherwise), (y) will become due and payable at Stated Maturity within one year or (z) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of
notice of redemption by the Trustee in the Issuer’s name and at the Issuer’s expense; 
 (b) the Issuer has paid or caused to be
paid all sums payable by the Issuer under this Indenture; and 
 (c) the Issuer has delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel, each stating that: 
 (i) all conditions precedent provided in this Indenture relating to the
satisfaction and discharge of this Indenture have been satisfied; and 
 (ii) such satisfaction and discharge will not result
in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Issuer or any Subsidiary is a party or by which the Issuer or any Subsidiary is bound. 

Section 8.06. Survival of Certain Obligations. Notwithstanding Sections 8.01 and 8.03, any obligations of the Issuer and the
Guarantors in Sections 2.02 through 2.14, 6.07, 7.07 and 7.08 shall survive until the Notes have been paid in full. Thereafter, any obligations of the Issuer and the Guarantors in Section 7.07 shall survive such satisfaction and discharge. Nothing
contained in this Article 8 shall abrogate any of the obligations or duties of the Trustee under this Indenture. 
 Section 8.07.
Acknowledgment of Discharge by Trustee. Subject to Section 8.09, after the conditions of Section 8.02 or 8.03 have been satisfied, the Trustee upon written request shall acknowledge in writing the discharge of all of the Issuer’s
and Guarantor’s obligations under this Indenture except for those surviving obligations specified in this Article 8. 

Section 8.08. Application of Trust Money. Subject to Section 8.09, the Trustee shall hold in trust cash in dollars or U.S.
Government Obligations deposited with it pursuant to this Article Eight. It shall apply the deposited cash or U.S. Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of, premium, if
any, interest, and Additional Amounts, if any, on the Notes; but such money need not be segregated from other funds except to the extent required by law. 

Section 8.09. Repayment to Issuer. Subject to Sections 7.07, and 8.01 through 8.04, the Trustee and the Paying Agent shall
promptly pay to the Issuer upon request set 

  
 78 

 
forth in an Officer’s Certificate any excess money held by them at any time and thereupon shall be relieved from all liability with respect to such money. The Trustee and the Paying Agent
shall pay to the Issuer upon request any money held by them for the payment of principal, premium, if any, interest or Additional Amounts, if any, that remains unclaimed for two years; provided that the Trustee or Paying Agent before being
required to make any payment may cause to be published (a) in the Financial Times and The Wall Street Journal or another leading newspaper in each of London, England and New York, New York, as the case may be and (b) through
the newswire service of Bloomberg or, if Bloomberg does not then operate, any similar agency or mail to each Holder entitled to such money at such Holder’s address (as set forth in the Security Register) notice that such money remains unclaimed
and that after a date specified therein (which shall be at least 30 days from the date of such publication or mailing) any unclaimed balance of such money then remaining will be repaid to the Issuer. After payment to the Issuer, Holders entitled to
such money must look to the Issuer for payment as general creditors unless an applicable law designates another Person, and all liability of the Trustee and such Paying Agent with respect to such money shall cease. 

Section 8.10. Indemnity for Government Securities. The Issuer shall pay and shall indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against deposited U.S. Government Obligations or the principal, premium, if any, interest, if any, and Additional Amounts, if any, received on such U.S. Government Obligations. 

Section 8.11. Reinstatement. If the Trustee or Paying Agent is unable to apply cash in dollars or U.S. Government Obligations in
accordance with this Article 8 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s and the
Guarantors’ obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to this Article 8 until such time as the Trustee or any such Paying Agent is permitted to apply all such
cash or U.S. Government Securities in accordance with this Article 8; provided that, if the Issuer has made any payment of principal of, premium, if any, interest, if any, and Additional Amounts, if any, on any Notes because of the
reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the cash in dollars or U.S. Government Obligations held by the Trustee or Paying Agent. 

ARTICLE NINE 

AMENDMENTS AND WAIVERS 

Section 9.01. Without Consent of Holders. The Issuer, when authorized by a resolution of its board of directors (as evidenced by
the delivery of such resolution to the Trustee), and the Trustee may modify, amend or supplement this Indenture or the Notes without notice to or consent of any Holder: 

(i) to evidence the succession of another Person to the Issuer and the assumption by any such successor of the covenants in
this Indenture and in the Notes in accordance with Article 5; 

  
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 (ii) to add to the Issuer’s covenants and those of any other obligor upon
the Notes for the benefit of the Holders or to surrender any right or power conferred upon the Issuer or any other obligor upon the Notes, as applicable, in this Indenture or in the Notes; 

(iii) to cure any ambiguity, or to correct or supplement any provision in this Indenture or the Notes that may be defective or
inconsistent with any other provision in this Indenture or the Notes or make any other provisions with respect to matters or questions arising under this Indenture or the Notes; provided that, in each case, such provisions shall not
materially adversely affect the interests of the Holders; 
 (iv) to release a Guarantor, if any, in accordance with and if
permitted by the terms of and limitations set forth in this Indenture to add a Guarantor or other guarantor under this Indenture; 

(v) to evidence and provide the acceptance of the appointment of a successor Trustee under this Indenture; 

(vi) to mortgage, pledge, hypothecate or grant a security interest in favor of the Trustee for the benefit of the Holders as
additional security for the payment and performance of the Issuer’s obligations under this Indenture, in any property or assets, including any which are required to be mortgaged, pledged or hypothecated, or in which a security interest is
required to be granted to the Trustee pursuant to this Indenture or otherwise; 
 (vii) to provide for the issuance of
Additional Notes in accordance with and if permitted by the terms of and limitations set forth in this Indenture; or 

(viii) to conform any provision of this Indenture to the “Description of the Notes” section contained in the Offering
Memorandum. 
 Section 9.02. With Consent of Holders. (a) Except as provided in Section 9.02(b) below and
Section 6.04 and without prejudice to Section 9.01, the Issuer, the Guarantors and the Trustee may: 
 (i) modify,
amend or supplement this Indenture or the Notes, or 
 (ii) waive compliance by the Issuer with any provision of this
Indenture or the Notes, 
 with the written consent of the Holders of not less than a majority in aggregate principal amount of the Notes then outstanding
(including consents obtained in connection with a tender offer or in exchange for the Notes). 

  
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 (b) Without the consent of the Holder of each outstanding Note affected thereby, no amendment,
modification, supplement or waiver, including a waiver pursuant to Section 6.04 and an amendment, modification or supplement pursuant to Section 9.01, may: 

(i) change the Stated Maturity of the principal of, or any installment of or Additional Amounts or interest on, any Note; 

(ii) reduce the principal amount of any Note (or Additional Amounts or premium, if any) or the rate of or change the time for
payment of interest on any Note; 
 (iii) change the coin or currency in which the principal of any Note or any premium or
any Additional Amounts or the interest thereon is payable; 
 (iv) impair the right to institute suit for the enforcement of
any payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date); 
 (v)
after the occurrence of an Asset Sale requiring the making of an Excess Proceeds Offer or a Change of Control, amend, change or modify the obligation to make and consummate an Excess Proceeds Offer with respect to any Asset Sale in accordance with
Section 4.09 or the obligation to make and consummate a Change of Control Offer in the event of a Change of Control in accordance with Section 4.11, as applicable, including, in each case, amending, changing or modifying any definition
relating thereto; 
 (vi) reduce the principal amount of Notes whose Holders must consent to any amendment, supplement or
waiver of provisions of this Indenture; 
 (vii) modify any of the provisions of this Article 9 relating to the waiver
of certain covenants, except to increase the percentage of outstanding Notes required for such actions or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Note affected
thereby; 
 (viii) except as otherwise permitted under Article 5, consent to the assignment or transfer by the Issuer of
any of the Issuer’s rights or obligations under this Indenture; 
 (ix) make any change to any provisions of this
Indenture affecting the ranking provisions of the Notes or the Guarantees, in each case in a manner that adversely affects the rights of the Holders; or 

(x) make any change in Section 4.12 that adversely affects the rights of any Holder or amend the terms of the Notes or
this Indenture in a way that would result in a loss of an exemption from any of the Taxes described thereunder or an exemption from any obligation to withhold or deduct Taxes so described thereunder unless the Issuer agrees to pay Additional Amounts
(if any) in respect thereof in the supplemental indenture. 

  
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 The consent of the Holders is not necessary to approve the particular form of any proposed
amendment, modification, supplement or waiver. It is sufficient if such consent approves the substance of the proposed amendment, modification, supplement or waiver. 

Section 9.03. [Reserved]. 

Section 9.04. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article 9, this
Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

Section 9.05. Notation on or Exchange of Notes. If an amendment, modification or supplement changes the terms of a Note, the
Issuer or Trustee may require the Holder to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note and on any Note subsequently authenticated regarding the changed terms and return it to the Holder. Alternatively, if
the Issuer so determines, the Issuer 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, modification or supplement. 
 Section 9.06. Payment for Consent. None of the Issuer, the Guarantors or any
Affiliate of the Issuer or the Guarantors 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, amendment, modification
or supplement of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid to all Holders that so consent, waive or agree to amend, modify or supplement in the time frame set forth in solicitation
documents relating to such consent, waiver or agreement. 
 Section 9.07. Notice of Amendment or Waiver. Promptly after the
execution by the Issuer and the Trustee of any supplemental indenture or waiver pursuant to the provisions of Section 9.02, the Issuer shall give notice thereof to the Holders of each outstanding Note affected, in the manner provided for in
Section 13.02(b), setting forth in general terms the substance of such supplemental indenture or waiver. 
 Section 9.08.
Trustee To Sign Amendments; Etc. The Trustee shall execute any amendment, supplement or waiver authorized pursuant and adopted in accordance with this Article 9; provided that the Trustee may, but shall not be obligated to,
execute any such amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall be entitled to receive, if requested, an indemnity or security reasonably satisfactory to it
and to receive, and shall be fully protected in relying upon, an Opinion of Counsel and an Officer’s Certificate each stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article Nine is authorized
or permitted by this Indenture. Such Opinion of Counsel shall be an expense of the Issuer. 

  
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 ARTICLE TEN 

GUARANTEE 

Section 10.01. Notes Guarantees. On the Issue Date, there will not be any Guarantors. 

(a) Each Guarantor made party to this Indenture shall, fully and, subject to the limitations on the effectiveness and enforceability set forth
in Section 10.04, unconditionally guarantee, on an unsecured, senior subordinated, joint and several basis, in each case to each Holder and to the Trustee and its successors and assigns on behalf of each Holder, the full payment of principal
of, premium, if any, interest, if any, and Additional Amounts, if any on, and all other monetary obligations of the Issuer under this Indenture and the Notes (including obligations to the Trustee and the obligations to pay Additional Amounts, if
any) with respect to each Note authenticated and delivered by the Trustee or its agent pursuant to and in accordance with this Indenture, in accordance with the terms of this Indenture (all the foregoing being hereinafter collectively called the
“Obligations”). Each Guarantor made party to this indenture shall further agree that the Obligations may be extended or renewed, in whole or in part, without notice or further assent from such Guarantor and that such Guarantor will
remain bound under this Article 10 notwithstanding any extension or renewal of any Obligation. All payments under each Guarantee will be made in dollars. 

(b) The Guarantors made party to this Indenture shall agree that their obligations hereunder shall be as if they were each principal debtor
and not merely surety, unaffected by, and irrespective of, any invalidity, irregularity or unenforceability of any Note or this Indenture, any failure to enforce the provisions of any Note or this Indenture, any waiver, modification or indulgence
granted to the Issuer with respect thereto by the Holders or the Trustee, or any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor (except payment in full); provided that,
notwithstanding the foregoing, no such waiver, modification, indulgence or circumstance shall without the written consent of such Guarantors increase the principal amount of a Note or the interest rate thereon or change the currency of payment with
respect to any Note, or alter the Stated Maturity thereof. The Guarantors made party to this Indenture shall waive diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Issuer, any right
to require that the Trustee pursue or exhaust its legal or equitable remedies against the Issuer prior to exercising its rights under a Guarantee (including, for the avoidance of doubt, any right which a Guarantor may have to require the seizure and
sale of the assets of the Issuer to satisfy the outstanding principal of, interest on or any other amount payable under each Note prior to recourse against such Guarantor or its assets), protest or notice with respect to any Note or the Debt
evidenced thereby and all demands whatsoever, and each shall covenant that their Guarantee will not be discharged with respect to any Note except by payment in full of the principal thereof and interest thereon or as otherwise provided in this
Indenture, including Section 10.04. If at any time any payment of principal of, 

  
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premium, if any, interest, if any, or Additional Amounts, if any, on such Note is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the
Issuer, any Guarantors’ obligations hereunder with respect to such payment shall be reinstated as of the date of such rescission, restoration or returns as though such payment had become due but had not been made at such times. 

(c) The Guarantors made party to this Indenture shall also agree to pay any and all costs and expenses (including reasonable attorneys’
fees) incurred by the Trustee or any Holder in enforcing any rights under this Section 10.01. 
 Section 10.02.
Subrogation. (a) Each Guarantor made party to this Indenture shall be subrogated to all rights of the Holders against the Issuer in respect of any amounts paid to such Holders by such Guarantor pursuant to the provisions of its
Guarantee. 
 (b) The Guarantors made party to this Indenture shall agree that they 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. The Guarantors made party to this Indenture shall further agree that, as between them, 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 Section 6.02 for the purposes of the Guarantees herein, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the Obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such Obligations as provided in Section 6.02, such Obligations (whether or not due and payable) shall
forthwith become due and payable by the Guarantors made party to this Indenture for the purposes of this Section 10.02 subject to Sections 10.01(c) and (d) above. 

Section 10.03. Release of Subsidiary Guarantees. Any Guarantee provided pursuant to Section 4.20 shall be automatically and
unconditionally released and the Guarantor that granted such Guarantee shall be automatically and unconditionally released from its obligations and liabilities thereunder and hereunder upon: 

(a) the release or discharge of the guarantee by such Guarantor of the guarantee that resulted in the creation of such Guarantee; 

(b) the designation of any Restricted Subsidiary that is a Guarantor as an Unrestricted Subsidiary in compliance with Section 4.17 hereof
and the definition of “Unrestricted Subsidiary” hereunder; or 
 (c) Legal or Covenant Defeasance under Section 8.02 and
8.03, respectively or discharge of the Indenture pursuant to Section 8.05. 
 The Trustee shall deliver an appropriate instrument
evidencing such release upon receipt of the Company’s request for such release accompanied by an Officer’s Certificate certifying and an Opinion of Counsel attesting to the compliance with this Section 10.03. 

  
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 Section 10.04. Limitation and Effectiveness of Guarantees. Each Guarantee shall be
limited to (i) an amount not to exceed the maximum amount that can be guaranteed by the Guarantor made party to this Indenture who shall give such Guarantee without rendering such Guarantee, as it relates to such Guarantor, voidable under
applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally or (ii) the maximum amount otherwise permitted by law. 

Section 10.05. Notation Not Required. Neither the Issuer nor any Guarantor made party to this Indenture shall be required to make
a notation on the Notes to reflect any Guarantee or any release, termination or discharge thereof. 
 Section 10.06. Successors and
Assigns. This Article 10 shall be binding upon the Guarantors made party to this Indenture and each of their successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the
event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred upon that party in this Indenture and in the Notes shall automatically extend to and be vested in such transferee or assigns, all subject
to the terms and conditions of this Indenture. 
 Section 10.07. No Waiver. Neither a failure nor a delay on the part of either
the Trustee or the Holders in exercising any right, power or privilege under this Article 10 shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or
privilege. The rights, remedies and benefits of the Trustee and the Holders herein expressly specified are cumulative and are not exclusive of any other rights, remedies or benefits which either may have under this Article 10 at law, in equity,
by statute or otherwise. 
 Section 10.08. Modification. No modification, amendment or waiver of any provision of this
Article 10, nor the consent to any departure by any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstance. 

ARTICLE ELEVEN 

[RESERVED] 
 ARTICLE
TWELVE 
 HOLDERS’ MEETINGS 

Section 12.01. Purposes of Meetings. A meeting of the Holders may be called at any time pursuant to this Article 12 for any
of the following purposes: 
 (a) to give any notice to the Issuer or any Guarantor or to the Trustee, or to give any directions to the
Trustee, or to consent to the waiving of any Default hereunder and its consequences, or to take any other action authorized to be taken by Holders pursuant to Article 9; 

  
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 (b) to remove the Trustee and appoint a successor trustee pursuant to Article 7; or 

(c) to consent to the execution of an indenture supplement pursuant to Section 9.02. 

Section 12.02. Place of Meetings. Meetings of Holders may be held at such place or places as the Trustee or, in case of its
failure to act, the Issuer, any Guarantor or the Holders calling the meeting, shall from time to time determine. 
 Section 12.03.
Call and Notice of Meetings. (a) The Trustee may at any time (upon not less than 21 days’ notice) call a meeting of Holders to be held at such time and at such place in New York, New York or in such other city as determined by the
Trustee pursuant to Section 12.02. Notice of every meeting of Holders, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall, at the Issuer’s expense, be mailed to
each Holder and published in the manner contemplated by Section 13.02(b). 
 (b) In case at any time the Issuer, pursuant to a
resolution of the board of directors, or the Holders of at least 10% in aggregate principal amount at Maturity of the Notes then outstanding, shall have requested the Trustee to call a meeting of the Holders, by written request setting forth in
reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first giving of the notice of such meeting within 20 days after receipt of such request, then the Issuer or the Holders of Notes in the
amount above specified may determine the time (not less than 21 days after notice is given) and the place in New York, New York or in such other city as determined by the Issuer or the Holders pursuant to Section 12.02 for such meeting and
may call such meeting to take any action authorized in Section 12.01 by giving notice thereof as provided in Section 12.01(a). 

Section 12.04. Voting at Meetings. To be entitled to vote at any meeting of Holders, a Person shall be (i) a Holder at the
relevant record date set in accordance with Section 6.15 or (ii) a Person appointed by an instrument in writing as proxy for a Holder or Holders by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at
any meeting of Holders shall be the Persons so entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Issuer and any Guarantor and their counsel. 

Section 12.05. Voting Rights, Conduct and Adjournment. (a) Notwithstanding any other provisions of this Indenture, the
Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders in regard to proof of the holding of Notes and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the 

  
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meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Notes shall be proved in the manner specified in Section 2.03 and the
appointment of any proxy shall be proved in such manner as is deemed appropriate by the Trustee or by having the signature of the Person executing the proxy witnessed or guaranteed by any bank, banker or trust company customarily authorized to
certify to the holding of a Note such as a Global Note. 
 (b) At any meeting of Holders, the presence of Persons holding or representing
Notes in an aggregate principal amount at Stated Maturity sufficient under the appropriate provision of this Indenture to take action upon the business for the transaction of which such meeting was called shall constitute a quorum. Subject to any
required aggregate principal amount at Stated Maturity of Notes required for the taking of any action pursuant to Article 9, in no event shall less than a majority of the votes given by Persons holding or representing Notes at any meeting of
Holders be sufficient to approve an action. Any meeting of Holders duly called pursuant to Section 12.03 may be adjourned from time to time by vote of the Holders (or proxies for the Holders) of a majority of the Notes represented at the
meeting and entitled to vote, whether or not a quorum shall be present; and the meeting may be held as so adjourned without further notice. No action at a meeting of Holders shall be effective unless approved by Persons holding or representing Notes
in the aggregate principal amount at Stated Maturity required by the provision of this Indenture pursuant to which such action is being taken. 

(c) At any meeting of Holders, each Holder or proxy shall be entitled to one vote for each $1,000 aggregate principal amount at Stated
Maturity of outstanding Notes held or represented. 
 Section 12.06. Revocation of Consent by Holders at Meetings. At any time
prior to (but not after) the evidencing to the Trustee of the taking of any action at a meeting of Holders by the Holders of the percentage in aggregate principal amount at Maturity of the Notes specified in this Indenture in connection with such
action, any Holder of a Note the serial number of which is included in the Notes the Holders of which have consented to such action may, by filing written notice with the Trustee at its principal Corporate Trust Office and upon proof of holding as
provided herein, revoke such consent so far as concerns such Note. Except as aforesaid, any such consent given by the Holder of any Note shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Note and of any
Note issued in exchange therefor, in lieu thereof or upon transfer thereof, irrespective of whether or not any notation in regard thereto is made upon such Note. Any action taken by the Holders of the percentage in aggregate principal amount at
Maturity of the Notes specified in this Indenture in connection with such action shall be conclusively binding upon the Issuer, the Guarantors, the Trustee and the Holders. This Section 12.06 shall not apply to revocations of consents to
amendments, supplements or waivers, which shall be governed by the provisions of Section 9.04. 

  
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 ARTICLE THIRTEEN 

MISCELLANEOUS 

Section 13.01. Trust Indenture Act Controls. If and to the extent that any provision of this Indenture limits, qualifies or
conflicts with the duties that would be imposed by, or with another provision (an “incorporated provision”) of the TIA expressly incorporated herein, by reference or otherwise, such duties or incorporated provision shall control
provided that it is understood that TIA Section 316(b) is not incorporated herein to the extent inconsistent with Article 10. 

Section 13.02. Notices. (a) Any notice or communication shall be in writing and delivered in person or mailed by first-class
mail or sent by facsimile transmission with confirmation by telephone addressed as follows: 
 if to the Issuer: 

Digicel Group Limited 
 The
Digicel Building 
 14 Ocean Boulevard 

Kingston, Jamaica, W.I. 

Telephone: 876-511-5000 

Facsimile: 876-960-7270 

Attention: Chief Financial Officer 

if to the Trustee: 
 Deutsche
Bank Trust Company Americas 
 60 Wall Street - 27th floor 

MSNYC60-2710 
 New York, New York
10005 
 Facsimile: 732-578-4635 

Deutsche Bank National Trust Company 

100 Plaza One - 6th floor 

MSJCY03-0699 
 Jersey City, New
Jersey 07311 
 Facsimile: 732-578-4635 

The Issuer or the Trustee by notice to the others may designate additional or different addresses for subsequent notices or communications.

 (b) Notices to the Holders regarding the Notes shall be: 

(i) given by first-class mail and, in the case of notices given pursuant to Article 3, Section 4.09,
Section 4.11, Article 5 and Section 9.07, published (A) in a leading newspaper having general circulation in London (which is expected to be the Financial Times) and in New York (which is expected to be The Wall Street
Journal) or (B) through the newswire service of Bloomberg or any similar agency; and 
 (ii) in the case of
certificated Notes, mailed to each Holder by first-class mail at such Holder’s address as it appears on the registration books of the Registrar. 

  
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 Notices given by first-class mail shall be deemed given five calendar days after mailing and
notices given by publication shall be deemed given on the first date on which publication is made. 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. 
 In case by reason of
the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for
every purpose hereunder. 
 (c) If and so long as the Notes are listed on any securities exchange, notices shall also be given in accordance
with any applicable requirements of such securities exchange. 
 (d) If and so long as the Notes are represented by Global Notes, notice to
Holders, in addition to being given in accordance with Section 13.02(b) above, shall also be given by delivery of the relevant notice to the Depository for communication. 

(e) Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 Section 13.03. Communication by Holders with Other Holders. Holders may communicate pursuant to
TIA Section 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Issuer, any Guarantor, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 

Section 13.04. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Issuer or any Guarantor
to the Trustee to take or refrain from taking any action under this Indenture (except in connection with the original issuance of the Notes on the date hereof), the Issuer or any Guarantor, as the case may be, shall furnish upon request to the
Trustee: 
 (a) an Officer’s Certificate in form reasonably satisfactory to the Trustee stating that, in the opinion of the signer, all
conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 
 (b) an Opinion
of Counsel in form reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

  
 89 

 Any Officer’s Certificate may be based, insofar as it relates to legal matters, upon an
Opinion of Counsel, unless the officer signing such certificate knows, or in the exercise of reasonable care should know, that such Opinion of Counsel with respect to the matters upon which such Officer’s Certificate is based are erroneous. Any
Opinion of Counsel may be based and may state that it is so based, insofar as it relates to factual matters, upon certificates of public officials or an Officer’s Certificate stating that the information with respect to such factual matters is
in the possession of the Issuer, unless the counsel signing such Opinion of Counsel knows, or in the exercise of reasonable care should know, that the Officer’s Certificate with respect to the matters upon which such Opinion of Counsel is based
are erroneous. 
 Section 13.05. Statements Required in Certificate or Opinion. Every certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture shall include: 
 (a) a statement that each individual signing such
certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (b) a brief statement as to the
nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(c) a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to
express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (d) a statement as to whether, in
the opinion of each such individual, such condition or covenant has been complied with. 
 Section 13.06. Rules by Trustee, Paying
Agent and Registrar. The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 

Section 13.07. Legal Holidays. If an Interest Payment Date or other payment date is not a Business Day, payment shall be made on
the next succeeding day that is a Business Day, and no interest shall accrue for the intervening period. If a Record Date is not a Business Day, the Record Date shall not be affected. 

Section 13.08. Governing Law. THIS INDENTURE AND, THE NOTES AND THE GUARANTEES, IF ANY, SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 13.09. Jurisdiction. The Issuer and each Guarantor agree that any
suit, action or proceeding against the Issuer or any Guarantor brought by any Holder or the 

  
 90 

 
Trustee arising out of or based upon this Indenture, the Guarantees, if any, or the Notes may be instituted in any state or Federal court in the Borough of Manhattan, New York, New York, and any
appellate court from any thereof, and each of them irrevocably submits to the non-exclusive jurisdiction of such courts in any suit, action or proceeding. Each of the Issuer and the Guarantors irrevocably waives, to the fullest extent permitted by
law, any objection to any suit, action, or proceeding that may be brought in connection with this Indenture, the Guarantees, if any, or the Notes, including such actions, suits or proceedings relating to securities laws of the United States of
America or any state thereof, in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been brought in an inconvenient forum. The Issuer and the Guarantors agree that final
judgment in any such suit, action or proceeding brought in such court shall be conclusive and binding upon the Issuer or any Guarantor, as the case may be, and may be enforced in any court to the jurisdiction of which the Issuer or any Guarantor, as
the case may be, are subject by a suit upon such judgment; provided that service of process is effected upon the Issuer or any Guarantor, as the case may be, in the manner provided by this Indenture. Each of the Issuer and the Guarantors has
appointed CT Corporation System, with offices on the date hereof at 111 Eighth Avenue, New York, New York 10011, or any successor, as its authorized agent (the “Authorized Agent”), upon whom process may be served in any suit, action
or proceeding arising out of or based upon this Indenture, the Guarantee or the Notes or the transactions contemplated herein which may be instituted in any state or Federal court in the Borough of Manhattan, New York, New York, by any Holder or the
Trustee, and expressly accepts the non-exclusive jurisdiction of any such court in respect of any such suit, action or proceeding. Each of the Issuer and the Guarantors represents and warrants that the Authorized Agent has accepted such appointment
and has agreed to act as said agent for service of process, and the Issuer and the Guarantors agree to take any and all action, including the filing of any and all documents that may be necessary to continue such respective appointment in full force
and effect as aforesaid. Service of process upon the Authorized Agent shall be deemed, in every respect, effective service of process upon the Issuer and the Guarantors. Notwithstanding the foregoing, any action involving the Issuer or the
Guarantors arising out of or based upon this Indenture, the Guarantees or the Notes may be instituted by any Holder or the Trustee in any other court of competent jurisdiction. 

Section 13.10. No Recourse Against Others. A director, officer, employee or shareholder, as such, of the Issuer or any Guarantor
shall not have any liability for any obligations of the Issuer or any Guarantor under the Notes, this Indenture or any Guarantee 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. The waiver and release shall be part of the consideration for the issue of the Notes. 

Section 13.11. Successors. All agreements of the Issuer and any Guarantor in this Indenture and the Notes shall bind their
respective successors. All agreements of the Trustee in this Indenture shall bind its successors. 

  
 91 

 Section 13.12. Multiple Originals. The parties may sign any number of copies of this
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. 

Section 13.13. Table of Contents, Cross-Reference Sheet and Headings. The table of contents, cross-reference sheet and headings of
the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

Section 13.14. Severability. In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 13.15. Force Majeure. The Trustee shall not incur any liability for not performing any act or fulfilling any duty,
obligation or responsibility hereunder by reason of any occurrence beyond the reasonable control of the Trustee (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God
or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

Section 13.16. Counterparts. This Indenture may be signed in any number of counterparts, each of which so executed shall be deemed
to be an original, but all such counterparts shall together constitute but one and the same Indenture. 
 Section 13.17. USA Patriot
Act. The parties hereto acknowledge that in order to help the United States government fight the funding of terrorism and money laundering activities, pursuant to Federal regulations that became effective on October 1, 2003
(Section 326 of the USA PATRIOT Act) all financial institutions are required to obtain, verify, record and update information that identifies each person establishing a relationship or opening an account. The parties to this Agreement agree
that they will provide to the Trustee such information as it may request, from time to time, in order for the Trustee to satisfy the requirements of the USA PATRIOT Act, including but not limited to the name, address, tax identification number and
other information that will allow it to identify the individual or entity who is establishing the relationship or opening the account and may also ask for formation documents such as articles of incorporation or other identifying documents to be
provided. 

  
 92 

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

					
	DIGICEL GROUP LIMITED, as Issuer
		
	By:	 	 /s/ Patrick Claffey

		 	Name:	 	Patrick Claffey
		 	Title: 	 	Authorized Signatory

  
 [Signature page to
Indenture] 

 
					
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

	
	By: Deutsche Bank National Trust Company
		
	By:	 	 /s/ Wanda Camacho

		 	Name:	 	Wanda Camacho
		 	Title: 	 	Vice President
		
	By:	 	 /s/ Linda Reale

		 	Name:	 	Linda Reale
		 	Title: 	 	Vice President

  
 [Signature page to
Indenture] 

 Exhibit A 

[FORM OF FACE OF NOTE] 

[Global Notes Legend] 

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

THIS SECURITY (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL
INTEREST HEREIN, THE HOLDER: 
 (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN
RULE 144A UNDER THE SECURITIES ACT) (A “QIB”), OR (B) IT IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT; 

(2) AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY OF ITS
SUBSIDIARIES, (B) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (C) IN AN OFFSHORE TRANSACTION MEETING THE
REQUIREMENTS OF RULE 903 OR 904 

  
 A-1 

 
OF REGULATION S UNDER THE SECURITIES ACT, (D) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO
THE TRANSFER OF THIS SECURITY (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF SECURITIES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER, IF THE ISSUER
SO REQUESTS, THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER), OR
(G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND, IN EACH CASE, IN ACCORDANCE WITH THE APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION; AND 

(3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. 
 AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTION” AND “UNITED STATES” HAVE
THE MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT. THE INDENTURE GOVERNING THIS SECURITY CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS SECURITY IN VIOLATION OF THE FOREGOING.

  
 A-2 

 No.              

 

					
		  	US$:	  	
		  	CUSIP No.:	  	
		  	ISIN No.:	  	

 DIGICEL GROUP LIMITED 

$         

7.125% SENIOR NOTE DUE 2022 
 DIGICEL
GROUP LIMITED, a limited liability exempted company, as issuer (the “Issuer”), for value received, promises to pay to CEDE & CO. or registered assigns the principal sum of $        
on April 1, 2022. 
 Interest Payment Dates: April 1 and October 1 

Record Dates: March 15 and September 15 
 Reference is
made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at this place. 
 Dated:
[                    ] 

  
 A-3 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by one of its duly
authorized officers. 
 Dated: [                    ]

  

			
	DIGICEL GROUP LIMITED
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-4 

			
	 TRUSTEE’S CERTIFICATE OF AUTHENTICATION
  

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee, certifies that this is one of the Notes referred to in the Indenture.

 
 By: Deutsche Bank National Trust Company

		
	By:	 	  

		 	Name:
		 	Title:

  
 A-5 

 [FORM OF REVERSE SIDE OF NOTE] 

7.125% Senior Note due 2022 
  

	1.	Interest 

 Digicel Group Limited, a limited liability exempted company under the laws of
Bermuda (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Issuer”), for value received promises to pay interest on the principal amount of this Note from
April 2, 2014, at the rate per annum shown above. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuer will pay interest on overdue principal at the interest rate borne by the Notes compounded
semiannually, and it shall pay interest on other overdue amounts at the same rate compounded semiannually to the extent lawful. Any interest paid on this Note shall be increased to the extent necessary to pay Additional Amounts as set forth in this
Note. 
  

	2.	Additional Amounts 

 (a) All payments that the Issuer makes under or with respect to the
Notes shall be made free and clear of and without withholding or deduction for or on account of any present or future tax, duty, levy, impost, assessment or other governmental charge (including, without limitation, penalties, interest and other
similar liabilities related thereto) of whatever nature (collectively, “Taxes”) imposed or levied by or on behalf of any jurisdiction in which the Issuer is organized or is a resident for tax purposes or from or through which the
Issuer makes any payment on the Notes or by or within any department or political subdivision thereof (each, a “Relevant Taxing Jurisdiction”), unless the Issuer is required to withhold or deduct Taxes by law or by the
interpretation or administration of law. If the Issuer is required to withhold or deduct any amount for or on account of Taxes of a Relevant Taxing Jurisdiction from any payment made under or with respect to the Notes, the Issuer shall pay
additional amounts in cash (“Additional Amounts”) as may be necessary to ensure that the net amount received by each Holder after such withholding or deduction (including withholding or deduction attributable to Additional Amounts
payable hereunder) will not be less than the amount the Holder would have received if such Taxes had not been withheld or deducted. 
 (b)
Notwithstanding the foregoing, the Issuer shall pay no Additional Amounts to a Holder or beneficial owner of any Note: 
 (i)
to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the Holder’s or beneficial owner’s present or former connection with the Relevant Taxing Jurisdiction (other than a connection arising by
reason of the acquisition, ownership, holding or disposition of Notes or by reason of the receipt of payments thereunder or the exercise or enforcement of rights under any Notes or the Indenture); 

(ii) to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the failure of the
Holder or beneficial owner 

  
 A-6 

 
of Notes, following the Issuer’s written request addressed to the Holder, to the extent such Holder or beneficial owner is legally entitled to do so, to comply with any certification,
identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Relevant Taxing Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or
withholding of, Taxes imposed by the Relevant Taxing Jurisdiction (including, without limitation, a certification that the Holder or beneficial owner is not resident in the Relevant Taxing Jurisdiction); 

(iii) with respect to any estate, inheritance, gift, sales, transfer or personal property tax or any similar Taxes; 

(iv) if such Holder is a fiduciary or partnership or Person other than the sole beneficial owner of such payment and the Taxes
giving rise to such Additional Amounts would not have been imposed on such payment had such Holder been the beneficiary, partner or sole beneficial owner, as the case may be, of such Note (but only if there is no material cost or expense associated
with transferring such Note to such beneficiary, partner or sole beneficial owner and no restriction on such transfer that is outside the control of such beneficiary, partner or sole beneficial owner); 

(v) to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the presentation by the
Holder of any Note, where presentation is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

(vi) with respect to any withholding or deduction that is imposed on a payment to an individual and that is required to be made
pursuant to the European Council Directive on the taxation of savings income which was adopted by the ECOFIN Council on June 3, 2003 or any law implementing or complying with, or introduced in order to conform to, such directive (the
“EU Savings Tax Directive”) or is required to be made pursuant to the Agreement between the European Community and the Swiss Confederation dated of October 26, 2004 providing for measures equivalent to those laid down in the EU
Savings Tax Directive (the “EU-Swiss Savings Tax Agreement”) or any law or other governmental regulation implementing or complying with, or introduced in order to conform to, such agreement; and 

(vii) with respect to any combination of the items listed above. 

The Issuer shall (A) make such withholding or deduction of Taxes required by applicable law and (B) remit the full amount of Taxes
so deducted or withheld to the relevant Taxing Authority in accordance with all applicable laws. The Issuer shall make reasonable best efforts to obtain certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld
from each Relevant Taxing Jurisdiction imposing such Taxes. The Issuer shall provide to the Trustee, within a reasonable time after the 

  
 A-7 

 
date the payment of any Taxes so deducted or withheld are due pursuant to applicable law, either a certified copy of tax receipts evidencing such payment or, if such tax receipts are not
reasonably available to the Issuer, such other documentation that provides reasonable evidence of such payment by the Issuer. 
 (c) At
least 30 calendar days prior to each date on which any payment under or with respect to the Notes is due and payable, if the Issuer shall be obligated to pay Additional Amounts with respect to such payment (unless such obligation to pay Additional
Amounts arises after the 30th day prior to the date on which payment under or with respect to the Notes is due and payable, in which case it will be promptly thereafter), the Issuer shall deliver to the Trustee and Paying Agent an
Officers’ Certificate stating that such Additional Amounts will be payable and the amounts so payable and setting forth such other information as is necessary to enable such Trustee and Paying Agent to pay such Additional Amounts to the Holders
on the payment date. The Issuer shall promptly publish a notice in accordance with Section 13.02 stating that such Additional Amounts will be payable and describing the obligation to pay such amounts. 

In addition, the Issuer, shall pay any present or future stamp, issue, registration, court documentation, excise or other similar taxes,
charges and duties, including interest and penalties with respect thereto, imposed by any Relevant Taxing Jurisdiction in respect of the execution, issue, registration or delivery of the Notes or any other document or instrument referred to
thereunder and any such taxes, charges or duties imposed by any jurisdiction as a result of, or in connection with, the enforcement of the Notes and/or any other such document or instrument. 

(d) The foregoing provisions shall survive any termination, defeasance or discharge of the indenture and shall apply mutatis mutandis
to any jurisdiction in which any Surviving Entity (as defined in Section 5.01(b)(i)) is organized or resident for tax purposes or any political subdivision or taxing authority or agency thereof or therein or any jurisdiction from or through
which payment is made by such Surviving Entity. 
 (e) Whenever the Indenture or the Notes refer to, in any context, the payment of
principal, premium, if any, interest or any other amount payable under or with respect to any Note, such reference shall be deemed to include mention of the payment of Additional Amounts or indemnification payments as described hereunder, to the
extent that in such context Additional Amounts or indemnification payments are, were or would be payable in respect thereof pursuant to Section 4.12 of the Indenture. 

The Issuer shall indemnify and hold harmless the Holders and, upon written request of any Holder, reimburse such Holder for the amount of
(i) any Taxes levied or imposed by a Relevant Taxing Jurisdiction and payable by such Holder in connection with payments made under or with respect to the Notes held by such Holder; and (ii) any Taxes levied or imposed with respect to any
reimbursement under the foregoing clause (i) or this clause (ii), so that the net amount received by such Holder after such reimbursement shall not be less than the net amount such Holder would have received if the Taxes giving rise to the
reimbursement described in clauses (i) and/or (ii) had not been imposed, provided, however, that the indemnification obligation provided for in this 

  
 A-8 

 
paragraph (g) shall not extend to Taxes imposed for which the eligible Holder of the Notes would not have been eligible to receive payment of Additional Amounts hereunder or to the
extent such Holder received Additional Amounts with respect to such payments. 
  

	3.	Method of Payment 

 The Issuer shall pay interest on this Note (except defaulted
interest) to the persons who are registered Holders of this Note at the close of business on the Record Date for the next Interest Payment Date even if this Note is cancelled after the Record Date and on or before the Interest Payment Date. The
Issuer shall pay principal and interest in dollars in immediately available funds that at the time of payment is legal tender for payment of public and private debts; provided that payment of interest may be made at the option of the Issuer
by check mailed to the Holder. 
 The amount of payments in respect of interest on each Interest Payment Date shall correspond to the
aggregate principal amount of Notes represented by the Regulation S Global Note and the Restricted Global Note, as established by the Registrar at the close of business on the relevant Record Date. Payments of principal shall be made upon surrender
of the Regulation S Global Note and the Restricted Global Note to the Paying Agent. 
  

	4.	Paying Agent and Registrar 

 Initially, Deutsche Bank Trust Company Americas or one of
its affiliates will act as Paying Agent and Registrar. The Issuer or any of its Affiliates may act as Paying Agent, Registrar or co-Registrar. 
  

	5.	Indenture 

 The Issuer issued the Notes under an indenture dated as of April 2, 2014
(the “Indenture”), between the Issuer and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”). The terms of the Notes include those stated in the Indenture and those expressly made part of the Indenture
by reference to the U.S. Trust Indenture Act of 1939 as in effect on the date of the Indenture and, to the extent required by any amendment after such date, as so amended (the “U.S. Trust Indenture Act”). Terms defined in the
Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture and the U.S. Trust Indenture Act for a statement of those terms. To the extent
any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

The Notes are unsecured senior obligations of the Issuer and are issued in an initial aggregate principal amount at Maturity of
$1,000,000,000. The Indenture imposes certain limitations on the Issuer and its Affiliates, including, without limitation, limitations on the incurrence of indebtedness, the payment of dividends and other payment restrictions affecting the Issuer
and its subsidiaries, the sale of assets, transactions with and among Affiliates of the Restricted Subsidiaries, change of control and Liens. 

  
 A-9 

 This Note is one of a duly authorized issue of notes of the Issuer designated as its 7.125%
Senior Notes due 2022. The Issuer shall be entitled to issue Additional Notes pursuant to Section 2.15 of the Indenture. 
  

	6.	Optional Redemption 

 (a) At any time prior to April 1, 2017, upon not less than 15
nor more than 60 days’ notice, the Issuer may on any one or more occasions redeem up to 35% of the aggregate principal amount of the Notes at a Redemption Price of 107.125% of the principal amount of the Notes, plus accrued and unpaid
interest, if any, to the Redemption Date, with the net proceeds from one or more Equity Offerings. The Issuer may only do this, however, if: 

(i) at least 65% of the aggregate principal amount of the Notes that were initially issued would remain outstanding immediately
after the proposed redemption; and 
 (ii) the redemption occurs within 90 days after the closing of such Equity
Offering. 
 (b) At any time prior to April 1, 2017, upon not less than 15 nor more than 60 days’ notice, the Issuer may redeem
some or all of the Notes at a price of 100% of the principal amount of the Notes redeemed plus the Applicable Premium (defined below), plus accrued and unpaid interest, if any, to the Redemption Date. 

“Applicable Premium” means, with respect to any Note on any Redemption Date, the greater of: 

(1) 1.0% of the principal amount of such Note; and 

(2) the excess, if any, of (a) the present value at such Redemption Date of (i) the Redemption Price of such Note at April 1,
2017 (such Redemption Price being set forth in the table appearing below), plus (ii) all required interest payments due on such Note through April 1, 2017 (excluding accrued but unpaid interest to the Redemption Date), computed using a
discount rate equal to the Treasury Rate (defined below) as of such Redemption Date plus 50 basis points; over (b) the principal amount of such Note. 

“Treasury Rate” means, as of any Redemption Date, the yield to maturity as of such Redemption Date of United States Treasury
securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H. 15 (519) that has become publicly available at least two Business Days prior to the Redemption Date (or, if such
Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to April 1, 2017; provided, however, that if the period from the
Redemption Date to April 1, 2017 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

  
 A-10 

 (c) At any time on or after April 1, 2017 and prior to Maturity, upon not less than 15
days’ nor more than 60 days’ notice, the Issuer may redeem all or part of the Notes. These redemptions will be in amounts of $1,000 or integral multiples thereof at the following Redemption Prices (expressed as percentages of their
principal amount at Maturity), plus accrued and unpaid interest, if any, to the Redemption Date, if redeemed during the 12-month period beginning April 1 of the years set forth below. This redemption is subject to the right of holders of record
on the relevant regular Record Date that is prior to the Redemption Date to receive interest due on an Interest Payment Date: 
  

					
	 Year
	  	Redemption Price	 
	 2017
	  	 	105.344	% 
	 2018
	  	 	103.563	% 
	 2019
	  	 	101.781	% 
	 2020 and thereafter
	  	 	100.000	% 

  

	7.	Redemption upon Changes in Withholding Taxes 

 If, as a result of any amendment after to,
or change in, the laws (or regulations or rulings promulgated thereunder) of any Relevant Taxing Jurisdiction which becomes effective after March 19, 2014, or any jurisdiction in which any Surviving Entity is organized or resident for tax
purposes or any political subdivision or taxing authority or agency thereof or therein, or any change in the official application or official interpretation of the laws, treaties, regulations or rulings of any Relevant Taxing Jurisdiction applicable
to the Issuer, which becomes effective after March 19, 2014, or any jurisdiction in which any Surviving Entity is organized or resident for tax purposes or any political subdivision or taxing authority or agency thereof or therein, the Issuer
or any Surviving Entity would be obligated to pay on the next date for any payment and as a result of that amendment or change, Additional Amounts or indemnification payments (as described above in Paragraph 2), with respect to the Relevant Taxing
Jurisdiction or any jurisdiction in which any Surviving Entity is organized or resident for tax purposes or any political subdivisions or taxing authority or agency thereof or therein, which the Issuer or Surviving Entity reasonably determines it
cannot avoid by reasonable measures available to the Issuer or Surviving Entity, then the Issuer may redeem all, but not less than all, of the Notes, at any time thereafter, upon not less than 15 nor more than 60 days’ notice delivered to each
Holder in accordance with the procedures set forth in the Indenture, at the Redemption Price equal to 100% of their principal amount, plus accrued and unpaid interest, if any, to the Redemption Date. Prior to the giving of any notice of redemption
pursuant to this paragraph, the Issuer shall deliver to the Trustee (a) a certificate signed by an officer of the Issuer stating that the obligation to pay Additional Amounts or indemnification payments cannot be avoided by the Issuer or
Surviving Entity taking reasonable measures available to it, and (b) a written opinion of independent legal counsel to the Issuer of recognized standing to the effect that the Issuer or Surviving Entity has or will become obligated to pay such
Additional Amounts or indemnification payments as a result of such amendment, change, official interpretation or application described above. 

  
 A-11 

 The Issuer will publish a notice of any optional redemption of the Notes described above in
accordance with the provisions of the Indenture described under Section 13.02. No such notice of redemption may be given more than 60 days before or 365 days after the Issuer first becomes liable to pay any Additional Amount or indemnification
payments. 
  

	8.	Notice of Redemption 

 Notice of redemption will be mailed first-class postage prepaid at
least 15 days but not more than 60 days before the Redemption Date to the Holder of this Note to be redeemed at the addresses contained in the Security Register. If this Note is in a denomination larger than $1,000 of principal amount at Maturity it
may be redeemed in part but only in integral multiples of $1,000 at Maturity. In the event of a redemption of less than all of the Notes, the Notes for redemption will be chosen by the Trustee in accordance with the Indenture. If this Note is
redeemed subsequent to a Record Date with respect to any Interest Payment Date specified above, then any accrued interest will be paid to the Holder at the close of business on such Record Date. If money sufficient to pay the Redemption Price of and
accrued interest on all Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the applicable Paying Agent on or before the Redemption Date and certain other conditions are satisfied, interest ceases to accrue on such
Notes (or such portions thereof) called for redemption on or after such date. 
  

	9.	Repurchase at the Option of Holders 

 If a Change of Control occurs at any time, the
Issuer shall be required to offer to purchase on the Change of Control Purchase Date all or any part (equal to $1,000 or an integral multiple thereof) of this Note at a purchase price in cash in an amount equal to 101% of the principal amount
hereof, plus any accrued and unpaid interest, premium and Additional Amounts, if any, to the Change of Control Purchase Date (subject to the rights of Holders of record on the relevant record dates to receive interest due on the relevant interest
payment date), provided that the Issuer shall not be required to make a Change of Control Offer if, when a Change of Control occurs, it has given notice of its intention to redeem all of the Notes pursuant to Section 6, “Optional
Redemption,” or Section 7, “Redemption upon Changes in Withholding Taxes,” of this Note. The Issuer shall purchase all Notes properly and timely tendered in the Change of Control Offer and not withdrawn in accordance with the
procedures set forth in such notice. The Change of Control Offer will state, among other things, the procedures that Holders of the Notes must follow to accept the Change of Control Offer. 

When the aggregate amount of Excess Proceeds exceeds $50.0 million, the Issuer shall, within 20 Business Days, make an offer to purchase (an
“Excess Proceeds Offer”) from all Holders and from the holders of any Pari Passu Debt, to the extent required by the terms thereof, on a pro rata basis, in accordance with the procedures set forth in the Indenture or the agreements
governing any such Pari Passu Debt, the maximum principal amount (expressed as a multiple of $1,000) of the Notes and any such Pari Passu Debt that may be purchased with the amount of the Excess Proceeds, provided, however, that if

  
 A-12 

 
an Excess Proceeds Offer to repay or repurchase any Debt of any Restricted Subsidiary of the Issuer is made in accordance with the terms of such Debt, the obligation to permanently reduce Debt of
a Restricted Subsidiary will be deemed to be satisfied to the extent of the amount of the Excess Proceeds Offer, whether or not accepted by the holders thereof, and no Excess Proceeds in the amount of such Excess Proceeds Offer will be deemed to
exist following such Excess Proceeds Offer. The offer price as to each Note and any such Pari Passu Debt will be payable in cash in an amount equal to (solely in the case of the Notes) 100% of the principal amount of such Note and (solely in the
case of Pari Passu Debt) no greater than 100% of the principal amount (or accreted value, as applicable) of such Pari Passu Debt, plus in each case accrued and unpaid interest, if any, to the date of purchase. 

To the extent that the aggregate principal amount of Notes and any such Pari Passu Debt tendered pursuant to an Excess Proceeds Offer is less
than the aggregate amount of Excess Proceeds, the Issuer may use the amount of such Excess Proceeds not used to purchase Notes and Pari Passu Debt for general corporate purposes that are not otherwise prohibited by the Indenture. If the aggregate
principal amount of Notes and any such Pari Passu Debt validly tendered and not withdrawn by holders thereof exceeds the aggregate amount of Excess Proceeds, the Notes and any such Pari Passu Debt to be purchased shall be selected by the Trustee on
a pro rata basis (based upon the principal amount of Notes and the principal amount or accreted value of such Pari Passu Debt tendered by each holder). Upon completion of each such Excess Proceeds Offer, the amount of Excess Proceeds will be reset
to zero. 
  

	10.	Denominations 

 The Notes are in denominations of $200,000 and integral multiples of
$1,000 of principal amount at Maturity. The transfer of Notes may be registered, and Notes may be exchanged, as provided in the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay any taxes and fees required by law or permitted by the Indenture. 
  

	11.	Unclaimed Money 

 All moneys paid by the Issuer to the Trustee or a Paying Agent for the
payment of the principal of, or premium, if any, or interest on, any Notes that remain unclaimed at the end of two years after such principal, premium or interest has become due and payable may be repaid to the Issuer, subject to applicable law, and
the Holder of such Note thereafter may look only to the Issuer for payment thereof. 
  

	12.	Discharge and Defeasance 

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

  
 A-13 

	13.	Amendment, Supplement and Waiver 

 (a) The Issuer, when authorized by a resolution of its
board of directors (as evidenced by the delivery of such resolution to the Trustee), and the Trustee may modify, amend or supplement the Indenture or the Notes without notice to or consent of any Holder: 

(i) to evidence the succession of another Person to the Issuer and the assumption by any such successor of the covenants in the
Indenture and in the Notes in accordance with Article 5 of the Indenture; 
 (ii) to add to the Issuer’s covenants and
those of any other obligor upon the Notes for the benefit of the Holders or to surrender any right or power conferred upon the Issuer or any other obligor upon the Notes, as applicable, in the Indenture or in the Notes; 

(iii) to cure any ambiguity, or to correct or supplement any provision in the Indenture or the Notes that may be defective or
inconsistent with any other provision in the Indenture or the Notes or make any other provisions with respect to matters or questions arising under the Indenture or the Notes; provided that, in each case, such provisions shall not materially
adversely affect the interests of the Holders; 
 (iv) to release a Guarantor, if any, in accordance with and if permitted by
the terms of and limitations set forth in the Indenture to add a Guarantor or other guarantor under the Indenture; 
 (v) to
evidence and provide the acceptance of the appointment of a successor Trustee under the Indenture; 
 (vi) to mortgage,
pledge, hypothecate or grant a security interest in favor of the Trustee for the benefit of the Holders as additional security for the payment and performance of the Issuer’s obligations under the Indenture, in any property or assets, including
any which are required to be mortgaged, pledged or hypothecated, or in which a security interest is required to be granted to the Trustee pursuant to the Indenture or otherwise; 

(vii) to provide for the issuance of Additional Notes in accordance with and if permitted by the terms of and limitations set
forth in the Indenture; or 
 (viii) to conform any provision of the Indenture to the “Description of the Notes”
section contained in the Offering Memorandum. 
 (b) Except as provided in Section 9.02(b) and Section 6.04 of the Indenture and without
prejudice to Section 9.01 of the Indenture, the Issuer and the Trustee may: 
 (i) modify, amend or supplement the Indenture
or the Notes, or 
 (ii) waive compliance by the Issuer with any provision of the Indenture or the Notes, 

  
 A-14 

 with the written consent of the Holders of not less than a majority in aggregate principal amount of the Notes
then outstanding (including consents obtained in connection with a tender offer or in exchange for the Notes). 
 (c) Without the consent of
the Holder of each outstanding Note affected thereby, no amendment, modification, supplement or waiver, including a waiver pursuant to Section 6.04 of the Indenture and an amendment, modification or supplement pursuant to Section 9.01 of the
Indenture, may: 
 (i) change the Stated Maturity of the principal of, or any installment of or Additional Amounts or
interest on, any Note; 
 (ii) reduce the principal amount of any Note (or Additional Amounts or premium, if any) or the rate
of or change the time for payment of interest on any Note; 
 (iii) change the coin or currency in which the principal of any
Note or any premium or any Additional Amounts or the interest thereon is payable; 
 (iv) impair the right to institute suit
for the enforcement of any payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the redemption date); 

(v) after the occurrence of an Asset Sale requiring the making of an Excess Proceeds Offer or a Change of Control, amend,
change or modify the obligation to make and consummate an Excess Proceeds Offer with respect to any Asset Sale in accordance with Section 4.09 of the Indenture or the obligation to make and consummate a Change of Control Offer in the event of a
Change of Control in accordance with Section 4.11 of the Indenture, as applicable, including, in each case, amending, changing or modifying any definition relating thereto; 

(vi) reduce the principal amount of Notes whose Holders must consent to any amendment, supplement or waiver of provisions of
the Indenture; 
 (vii) modify any of the provisions of Article 9 of the Indenture relating to the waiver of certain
covenants, except to increase the percentage of outstanding Notes required for such actions or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each Note affected thereby;

 (viii) except as otherwise permitted under Article 5 of the Indenture, consent to the assignment or transfer by the Issuer
of any of the Issuer’s rights or obligations under the Indenture; 

  
 A-15 

 (ix) make any change to any provisions of the Indenture affecting the ranking
provisions of the Notes in a manner that adversely affects the rights of the Holders; or 
 (x) make any change in Section
4.12 of the Indenture that adversely affects the rights of any Holder or amend the terms of the Notes or the Indenture in a way that would result in a loss of an exemption from any of the Taxes described thereunder or an exemption from any
obligation to withhold or deduct Taxes so described thereunder unless the Issuer agrees to pay Additional Amounts (if any) in respect thereof in the supplemental indenture. 

The consent of the Holders is not necessary to approve the particular form of any proposed amendment, modification, supplement or waiver. It
is sufficient if such consent approves the substance of the proposed amendment, modification, supplement or waiver. 
  

	14.	Defaults and Remedies 

 The Notes have the Events of Default as set forth in Section 6.01
of the Indenture. If an Event of Default occurs and is continuing, the Trustee, by notice to the Issuer, or the registered Holders of not less than 25% in aggregate principal amount of the Notes then outstanding by written notice to the Issuer (and
to the Trustee if such notice is given by the Holders), subject to certain limitations, may declare all the Notes to be due and payable immediately. Certain events of bankruptcy or insolvency are Events of Default and shall result in the Notes being
due and payable immediately upon the occurrence of such Events of Default. 
 Holders 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 an indemnity satisfactory to it. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Notes may direct
the Trustee in its exercise of any trust or power. The Holders of a majority in aggregate principal amount of the Notes then outstanding by written notice to the Trustee may rescind any acceleration and its consequence if the rescission would not
conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal, premium, if any, or interest that has become due solely because of such acceleration. The above description of
Events of Default and remedies is qualified by reference, and subject in its entirety, to the provisions of the Indenture. 
  

	15.	Trustee Dealings with the Issuer 

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

  
 A-16 

	16.	No Recourse Against Others 

 A director, officer, employee, or stockholder, as such, of
the Issuer shall not have any liability for any obligations of the Issuer under the Notes 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. The waiver and release are part of the consideration for the issue of the Notes. 
  

	17.	Authentication 

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

	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.	ISIN and CUSIP Numbers. 

 The Issuer may have caused ISIN or CUSIP numbers to be printed
on the Notes and directed the Trustee to use such ISIN or CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of any 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. 
  

	20.	Future Guarantees 

 The Issuer shall cause each of its Restricted Subsidiaries that
guarantees any Debt of the Issuer (other than Debt of the Issuer consisting of a guarantee under the Senior Credit Facility, the Digicel Limited Notes and other Debt of the Issuer consisting of guarantees of Debt of one or more of the Issuer’s
Restricted Subsidiaries) to execute and deliver to the trustee within 30 days a Guarantee, substantially in the form of Exhibit D, pursuant to which such Subsidiary will guarantee payment of the Notes on the terms and conditions set forth in the
Indenture. 
  

	21.	Governing Law 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 The Issuer shall furnish to any Holder upon written request and without charge to the Holder a copy of
the Indenture. Requests may be made to: 
 Digicel Group Limited 

The Digicel Building 
 14 Ocean
Boulevard 
 Kingston, Jamaica, W.I. 

Attention: Chief Financial Officer 

  
 A-17 

 ASSIGNMENT FORM 

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

(Insert assignee’s social security or tax I.D. no.) 
  

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

Your Signature: 
  

					
	  
	  	

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

Signature Guarantee: 
  

					
	  
	  	

 (Participant in a recognized signature guarantee medallion program) 

 

					
	Date:	 	  
	  	

 Certifying Signature: 

In connection with any transfer of any Notes evidenced by this certificate occurring prior to the date that is two years after the later of
the date of original issuance of such Notes and the last date, if any, on which the Notes were owned by the Issuer or any Affiliate of the Issuer, the undersigned confirms that such Notes are being transferred in accordance with the transfer
restrictions set forth in such Notes and: 
 CHECK ONE BOX BELOW 

 

					
	(1)	 	 ̈	 	to any Guarantor or any Subsidiary; or
			
	(2)	 	 ̈	 	pursuant to an effective registration statement under the U.S. Securities Act of 1933; or
			
	(3)	 	 ̈	 	pursuant to and in compliance with Rule 144A under the U.S. Securities Act of 1933; or

  
 A-18 

					
			
	(4)	 	 ̈	 	pursuant to and in compliance with Regulation S under the U.S. Securities Act of 1933; or
			
	(5)	 	 ̈	 	such Transfer is being made to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933) that has furnished to the Trustee a signed letter containing
certain representations and agreements, in the form which is attached to the Indenture; or
			
	(6)	 	 ̈	 	pursuant to another available exemption from the registration requirements of the U.S. Securities Act of 1933.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes
evidenced by this certificate in the name of any person other than the registered Holder thereof; provided, however, that if box (3) is checked, by executing this form, the Transferor is deemed to have certified that such Notes
are being transferred to a person it reasonably believes is a “qualified institutional buyer” as defined in Rule 144A under the U.S. Securities Act of 1933 who has received notice that such transfer is being made in reliance on Rule 144A;
if box (4) is checked, by executing this form, the Transferor is deemed to have certified that such transfer is made pursuant to an offer and sale that occurred outside the United States in compliance with Regulation S under the U.S. Securities
Act; if box (5) is checked, by executing this form, the Transferor is deemed to have certified that such Notes are being transferred to a person it reasonably believes is an institutional “accredited investor” (as defined in Rule
501(a)(1), (2), (3) or (7) under the Securities Act of 1933) and such transferee has furnished to the Trustee a signed letter containing certain representations and agreements, in the form which is attached to the Indenture; and if box
(6) is checked, the Trustee may require, prior to registering any such transfer of the Notes, such legal opinions, certifications and other information as the Issuer reasonably requests to confirm that such transfer is being made pursuant to an
exemption from or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933. 
  

					
	Signature:	 	  

 Signature Guarantee: 
  

					
	  

 (Participant in a recognized signature guarantee medallion program) 

 

							
	Certifying Signature:	 	  
	 	  Date:	 	  

 

					
	Signature Guarantee:	 	  

 (Participant in a recognized signature guarantee medallion program) 

  
 A-19 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note or a portion thereof repurchased pursuant to Section 4.09 or 4.11 of the Indenture, check the
box:   ̈ 
 If the purchase is in part, indicate the portion (in denominations of
$200,000 or any multiple of $1,000 in excess thereof) to be purchased: 
 Your Signature: 

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

Date: 
  

			
	Certifying Signature:	 	  

  
 A-20 

 Schedule A 

SCHEDULE OF PRINCIPAL AMOUNT 

The following decreases/increases in the principal amount of this Security have been made: 

 

									
	 Date of Decrease/ Increase
	  	Decrease in
Principal
Amount	  	Increase in
Principal
Amount	  	Principal
Amount
Following such
Decrease/
Increase	  	Notation Made
by or on Behalf
of Registrar
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A-21 

 Exhibit B 

FORM OF TRANSFER CERTIFICATE FOR TRANSFER FROM RESTRICTED 

GLOBAL NOTE/IAI GLOBAL NOTE TO REGULATION S GLOBAL NOTE.* 

(Transfers pursuant to § 2.06(a)(ii) of the Indenture) 

Deutsche Bank Trust Company Americas, as Transfer Agent 
 60 Wall
Street 
 New York, New York 10005 
 Attn: Trust and Securities
Services 
 DB Services Tennessee, Inc. 
 Transfer Department

 648 Grassmere Park Road 
 Nashville, TN 37211 

Telephone: 1-800-735-7777 
 Re: 7.125% Senior Notes Due 2022 (the
“Notes”) 
 Reference is hereby made to the Indenture dated as of April 2, 2014 (the “Indenture”)
between Digicel Group Limited, a limited liability exempted company under the laws of Bermuda, as Issuer and Deutsche Bank Trust Company Americas, as Trustee. Capitalized terms used but not defined herein shall have the meanings given them in the
Indenture. 
 This letter relates to $          aggregate principal amount of Notes that are held as
a beneficial interest in the form of the [Restricted Global Note][IAI Global Note](ISIN No. [            ]; CUSIP No.
[            ]) with the Depository in the name of [name of transferor] (the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest
for an equivalent beneficial interest in the Regulation S Global Note (ISIN No. [            ]; CUSIP No. [            ]). 

In connection with such request, the Transferor does hereby certify that such transfer has been effected in accordance with the transfer
restrictions set forth in the Notes and: 
 (a) with respect to transfers made in reliance on Regulation S
(“Regulation S”) under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), does certify that: 

(i) the offer of the Notes was not made to a person in the United States; 

(ii) either (i) at the time the buy order is originated the transferee is outside the United States or the Transferor and
any person acting on its behalf reasonably believe that the transferee is outside the United States or; (ii) the transaction was executed in, on or through the facilities of a designated offshore

  
 B-1 

 
securities market described in paragraph (b) of Rule 902 of Regulation S and neither the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with a
buyer in the United States 
 (iii) no directed selling efforts have been made in the United States by the Transferor, an
affiliate thereof or any person their behalf in contravention of the requirements of Rule 903 or 904 of Regulation S, as applicable; 

(iv) the transaction is not part of a plan or scheme to evade the registration requirements of the U.S. Securities Act; and

 (v) the Transferor is not the Issuer, a distributor of the Notes, an affiliate of the Issuer or any such distributor
(except any officer or director who is an affiliate solely by virtue of holding such position) or a person acting on behalf of any of the foregoing. 

(b) with respect to transfers made in reliance on Rule 144 the Transferor certifies that the Notes are being transferred in a transaction
permitted by Rule 144 under the U.S. Securities Act. 
 You, the Issuer, the Guarantors and the Trustee are entitled to rely upon this
letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the
meanings set forth in Regulation S. 
  

			
	[Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Date: 
 cc: 

Attn: 
  

	*	If the Note is a Definitive Note, appropriate changes need to be made to the form of this transfer certificate. 

  
 B-2 

 Exhibit C 

FORM OF TRANSFER CERTIFICATE FOR TRANSFER FROM 

REGULATION S GLOBAL NOTE/IAI GLOBAL NOTE TO 

RESTRICTED GLOBAL NOTE 
 (Transfers
pursuant to § 2.06(a)(iii) of the Indenture) 
 Deutsche Bank Trust Company Americas, as Transfer Agent 

60 Wall Street 
 New York, New York 10005 

Attn: Trust and Securities Services 
 DB Services Tennessee, Inc.

 Transfer Department 
 648 Grassmere Park Road 

Nashville, TN 37211 
 Telephone: 1-800-735-7777 

Re: 7.125% Senior Notes Due 2022 (the “Notes”) 

Reference is hereby made to the Indenture dated as of April 2, 2014 (the “Indenture”) between Digicel Group
Limited, a limited liability exempted company under the laws of Bermuda, as Issuer and Deutsche Bank Trust Company Americas, as Trustee. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 

This letter relates to $          aggregate principal amount at Maturity of Notes that are held
in the form of the [Regulation S Global Note][IAI Global Note] with the Depository (ISIN No. [            ]; CUSIP No.
[            ]) in the name of [name of transferor] (the “Transferor”) to effect the transfer of the Notes in exchange for an equivalent beneficial interest in the
Restricted Global Note (ISIN No. [            ]; CUSIP No. [            ]). 

In connection with such request, and in respect of such Notes the Transferor does hereby certify that such Notes are being transferred in
accordance with the transfer restrictions set forth in the Notes and that: 
 CHECK ONE BOX BELOW 

 

	 	 ̈	the Transferor is relying on Rule 144A under the Securities Act for exemption from such Act’s registration requirements; it is transferring such Notes to a person it reasonably believes is a QIB as defined in Rule
144A that purchases for its own account 

  

	 	 ̈	the Transferor is relying on an exemption other than Rule 144A from the registration requirements of the Securities Act 

  
 C-1 

 You, the Issuer, the Guarantors, and the Trustee are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 

 

			
	[Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Date: 
 cc: 

Attn: 

  
 C-2 

 Exhibit D 

FORM OF GUARANTEE 
 OF

 [NAME OF GUARANTOR] 

For value received, [Name of Guarantor] (the “Guarantor”) hereby fully and, subject to the limitation on the
effectiveness and enforceability described below and in Section 10.04 of that certain indenture, dated as of April 2, 2014, by and between Digicel Group Limited, a limited liability exempted company incorporated under the laws of Bermuda (the
“Issuer”), and Deutsche Bank Trust Company Americas (the “Trustee”), as trustee, (as amended and supplemented from time to time, the “Indenture”) unconditionally guarantees, on an unsecured, senior,
joint and several basis, to each Holder and to the Trustee and its successors and assigns on behalf of each Holder, the full payment of principal of, premium, if any, interest, if any, and Additional Amounts, if any on, and all other monetary
obligations of the Issuer under the Indenture and the Notes (including obligations to the Trustee and the obligations to pay Additional Amounts, if any) with respect to each Note authenticated and delivered by the Trustee or its agent pursuant to
and in accordance with the Indenture, in accordance with the terms of the Indenture (all the foregoing being hereinafter collectively called the “Obligations”). The Guarantor further agrees that the Obligations may be extended or
renewed, in whole or in part, as provided in the Indenture without notice or further assent from the Guarantor and that the Guarantor will remain bound by Article 10 of the Indenture notwithstanding any extension or renewal of any Obligation. All
payments under this Guarantee shall be made in dollars. 
 This is a continuing Guarantee and shall remain in full force and effect
and shall be binding upon each Guarantor and its successors and assigns until full and final payment of all of the Issuer’s obligations under the Notes and Indenture or until released in accordance with the Indenture and shall inure to the
benefit of the successors and assigns of the Trustee and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to
and be vested in such transferee or assignee, all subject to the terms and conditions hereof. This is a Note Guarantee of payment and not of collectability. 

Capitalized terms not defined herein have the meanings given to such terms in the Indenture. This Guarantee shall be governed by, and
construed in accordance with, the laws of the State of New York. 

  
 D-1 

 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be duly executed. 

Dated: [                    ] 

 

			
	[NAME OF GUARANTOR], as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 D-2 

 Exhibit E 

FORM OF CERTIFICATE FROM ACQUIRING ACCREDITED INVESTOR 

(Transfers pursuant to § 2.06(b)(iv) of the Indenture) 

Deutsche Bank Trust Company Americas, as Transfer Agent 
 60 Wall
Street 
 New York, New York 10005 
 Attn: Trust and Securities
Services 
 Re: 7.125% Senior Notes Due 2022 (the “Notes”) 

Reference is hereby made to the Indenture dated as of April 2, 2014 (the “Indenture”) between Digicel Group
Limited, a limited liability exempted company under the laws of Bermuda, as Issuer and Deutsche Bank Trust Company Americas, as Trustee. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 

In connection with our proposed purchase of $          aggregate principal amount of a beneficial
interest in a [Restricted Global Note][Regulation S Global Note] we confirm that: 
 1. We understand that any subsequent
transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture, and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein
except in compliance with, such restrictions and conditions and the Securities Act. 
 2. We understand that the offer and
sale of the Notes have not been registered under the Securities Act, and that the Notes and any interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for
which we are acting as hereinafter stated, that if we should sell the Notes or any interest therein, we will do so only (a) to the Issuer, (b) so long as the Notes are eligible for resale pursuant to Rule 144A under the Securities Act to a
person whom we reasonably believe is a qualified institutional buyer within the meaning of Rule 144A purchasing for its own account or for the account of a qualified institutional buyer, in each case, to whom notice is given that the offer, resale,
pledge or other transfer is being made in reliance on Rule 144A, (c) to non-U.S. persons in offshore transactions in accordance with Rule 904 of Regulation S under the Securities Act, (d) pursuant to Rule 144 under the Securities Act,
(e) pursuant to an effective registration statement under the Securities Act or (f) in any other transaction that does not require registration under the Securities Act, and we further agree to provide to any person purchasing the
beneficial interest in a Global Note from us in a transaction meeting the requirements of any of clauses (a) through (f) of this paragraph a notice advising such purchaser that resales thereof are restricted as stated herein. 

  
 E-1 

 3. We understand that, on any proposed resale of the Notes or beneficial interest
therein, we will be required to furnish to you and the Issuer such certifications, legal opinions and other information as you and the Issuer may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We
further understand that the Notes purchased by us will bear a legend to the foregoing effect. 
 4. We are an institutional
“accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and
risks of our investment in the Notes, and we and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 

5. We are acquiring the Notes or beneficial interest therein purchased by us for our own account or for one or more accounts
(each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 

6. We are acquiring a minimum principal amount of $250,000 of the Notes for investment purposes and not with a view to or for
offer or sale in connection with any distribution in violation of the Securities Act. 
 You, the Issuer, the Guarantors and the Trustee are
entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 

 

			
	[Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Date: 
 cc: 

Attn: 

  
 E-2EX-10.7

 Exhibit 10.7 
  

 
  

DIGICEL LIMITED, 
 AS
ISSUER, 
 THE GUARANTORS NAMED HEREIN 

AND 
 DEUTSCHE BANK
TRUST COMPANY AMERICAS, 
 AS TRUSTEE 
  

 
 Indenture 

Dated as of February 10, 2012 
  

 
 $250,000,000

 7.000% Senior Notes due 2020 
  

 
  

 CROSS-REFERENCE TABLE 

 

			
	 TIA Sections
	  	 Indenture Sections

		
	§ 310(a)(1)	  	7.10
	         (a)(2)	  	7.10
	         (a)(3)	  	7.12
	         (a)(4)	  	N/A
	         (a)(5)	  	7.10
	         (b)	  	7.03; 7.10
	         (c)	  	N/A
	§ 311(a)	  	7.03; 7.11
	         (b)	  	7.03; 7.11
	         (c)	  	N/A
	§ 312(a)	  	2.05
	         (b)	  	13.03
	         (c)	  	13.03
	§ 313(a)	  	7.06
	         (b)	  	7.06
	         (c)	  	6.01(b); 7.06; 13.02(b)
	         (d)	  	7.06
	§ 314(a)(1)	  	N/A
	         (a)(2)	  	N/A
	         (a)(3)	  	N/A
	         (a)(4)	  	4.05(a)
	         (b)	  	N/A
	         (c)(1)	  	13.04(a)
	         (c)(2)	  	13.04(b)
	         (c)(3)	  	N/A
	         (d)	  	N/A
	         (e)	  	13.05
	         (f)	  	N/A
	§ 315(a)	  	7.01(b); 11.11
	         (b)	  	6.01(b); 11.11
	         (c)	  	7.01(a); 11.11
	         (d)	  	7.01(c); 11.11
	         (e)	  	6.11
	§ 316(a)(last sentence)	  	2.09
	         (a)(1)(A)	  	N/A
	         (a)(1)(B)	  	6.04
	         (a)(2)	  	N/A
	         (b)	  	N/A
	         (c)	  	6.15
	§ 317(a)(1)	  	6.08
	         (a)(2)	  	6.09
	         (b)	  	2.04

  
 i 

			
	 TIA Sections
	  	 Indenture Sections

		
	§ 318(a)	  	13.01
	         (b)	  	N/A
	         (c)	  	N/A

  

	N/A	means Not Applicable 

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

  
 ii 

 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	PAGE	 
	
	ARTICLE 1	  
	DEFINITIONS AND INCORPORATION BY REFERENCE	 
			
	Section 1.01.	 	 Definitions
	  	 	1	 
	Section 1.02.	 	 Other Definitions
	  	 	25	 
	Section 1.03.	 	 Trust Indenture Act Terms
	  	 	26	 
	Section 1.04.	 	 Rules of Construction
	  	 	26	 
	
	ARTICLE 2	  
	THE NOTES	 
			
	Section 2.01.	 	 The Notes
	  	 	27	 
	Section 2.02.	 	 Execution and Authentication
	  	 	29	 
	Section 2.03.	 	 Registrar, Transfer Agent and Paying Agent
	  	 	29	 
	Section 2.04.	 	 Paying Agent To Hold Money in Trust
	  	 	30	 
	Section 2.05.	 	 Holder Lists
	  	 	31	 
	Section 2.06.	 	 Transfer and Exchange
	  	 	31	 
	Section 2.07.	 	 Replacement Notes
	  	 	34	 
	Section 2.08.	 	 Outstanding Notes
	  	 	34	 
	Section 2.09.	 	 Notes Held by Issuer
	  	 	35	 
	Section 2.10.	 	 Certificated Notes
	  	 	35	 
	Section 2.11.	 	 Cancellation
	  	 	36	 
	Section 2.12.	 	 Defaulted Interest
	  	 	36	 
	Section 2.13.	 	 Computation of Interest
	  	 	37	 
	Section 2.14.	 	 ISIN and CUSIP Numbers
	  	 	37	 
	Section 2.15.	 	 Issuance of Additional Notes
	  	 	37	 
	
	ARTICLE 3	  
	REDEMPTION; OFFERS TO PURCHASE	 
			
	Section 3.01.	 	 Right of Redemption
	  	 	38	 
	Section 3.02.	 	 Notices to Trustee
	  	 	38	 
	Section 3.03.	 	 Selection of Notes To Be Redeemed
	  	 	38	 
	Section 3.04.	 	 Notice of Redemption
	  	 	38	 
	Section 3.05.	 	 [Reserved]
	  	 	39	 
	Section 3.06.	 	 Deposit of Redemption Price
	  	 	39	 
	Section 3.07.	 	 Payment of Notes Called for Redemption
	  	 	40	 
	Section 3.08.	 	 Notes Redeemed in Part
	  	 	40	 
	
	ARTICLE 4	  
	COVENANTS	 
			
	Section 4.01.	 	 Payment of Notes
	  	 	40	 
	Section 4.02.	 	 Corporate Existence
	  	 	41	 

  
 iii 

							
	Section 4.03.	 	 Maintenance of Properties
	  	 	41	 
	Section 4.04.	 	 Insurance
	  	 	41	 
	Section 4.05.	 	 Statement as to Compliance
	  	 	41	 
	Section 4.06.	 	 Limitation on Debt
	  	 	42	 
	Section 4.07.	 	 Limitation on Liens
	  	 	45	 
	Section 4.08.	 	 Limitation on Restricted Payments
	  	 	46	 
	Section 4.09.	 	 Limitation on Sale of Certain Assets
	  	 	50	 
	Section 4.10.	 	 Limitation on Transactions with Affiliates
	  	 	52	 
	Section 4.11.	 	 Purchase of Notes upon a Change of Control
	  	 	54	 
	Section 4.12.	 	 Additional Amounts
	  	 	56	 
	Section 4.13.	 	 [Reserved]
	  	 	58	 
	Section 4.14.	 	 Limitation on Sale and Leaseback Transactions
	  	 	59	 
	Section 4.15.	 	 Limitation on Guarantees of Debt by Restricted Subsidiaries
	  	 	59	 
	Section 4.16.	 	 Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries
	  	 	60	 
	Section 4.17.	 	 Designation of Unrestricted and Restricted Subsidiaries
	  	 	63	 
	Section 4.18.	 	 Payment of Taxes and Other Claims
	  	 	64	 
	Section 4.19.	 	 [Reserved]
	  	 	64	 
	Section 4.20.	 	 [Reserved]
	  	 	64	 
	Section 4.21.	 	 Reports to Holders
	  	 	64	 
	Section 4.22.	 	 Further Instruments and Acts
	  	 	65	 
	
	ARTICLE 5	  
	CONSOLIDATION, MERGER AND SALE OF ASSETS	 
			
	Section 5.01.	 	 Consolidation, Merger and Sale of Assets
	  	 	65	 
	Section 5.02.	 	 Successor Substituted
	  	 	68	 
	
	ARTICLE 6	  
	DEFAULTS AND REMEDIES	 
			
	Section 6.01.	 	 Events of Default
	  	 	68	 
	Section 6.02.	 	 Acceleration
	  	 	70	 
	Section 6.03.	 	 Other Remedies
	  	 	71	 
	Section 6.04.	 	 Waiver of Past Defaults
	  	 	71	 
	Section 6.05.	 	 Control by Majority
	  	 	72	 
	Section 6.06.	 	 Limitation on Suits
	  	 	72	 
	Section 6.07.	 	 Unconditional Right of Holders To Receive Payment
	  	 	72	 
	Section 6.08.	 	 Collection Suit by Trustee
	  	 	73	 
	Section 6.09.	 	 Trustee May File Proofs of Claim
	  	 	73	 
	Section 6.10.	 	 Application of Money Collected
	  	 	74	 
	Section 6.11.	 	 Undertaking for Costs
	  	 	74	 
	Section 6.12.	 	 Restoration of Rights and Remedies
	  	 	74	 
	Section 6.13.	 	 Rights and Remedies Cumulative
	  	 	74	 
	Section 6.14.	 	 Delay or Omission not Waiver
	  	 	75	 
	Section 6.15.	 	 Record Date
	  	 	75	 
	Section 6.16.	 	 Waiver of Stay or Extension Laws
	  	 	75	 

  
 iv 

							
	
	ARTICLE 7	  
	TRUSTEE	 
			
	Section 7.01.	 	 Duties of Trustee
	  	 	75	 
	Section 7.02.	 	 Certain Rights of Trustee
	  	 	76	 
	Section 7.03.	 	 Individual Rights of Trustee
	  	 	78	 
	Section 7.04.	 	 Trustee’s Disclaimer
	  	 	78	 
	Section 7.05.	 	 [Reserved]
	  	 	78	 
	Section 7.06.	 	 Reports by Trustee to Holders
	  	 	78	 
	Section 7.07.	 	 Compensation and Indemnity
	  	 	78	 
	Section 7.08.	 	 Replacement of Trustee
	  	 	79	 
	Section 7.09.	 	 Successor Trustee by Merger
	  	 	80	 
	Section 7.10.	 	 Eligibility; Disqualification
	  	 	81	 
	Section 7.11.	 	 Preferential Collection of Claims Against Issuer
	  	 	81	 
	Section 7.12.	 	 Appointment of Co-Trustee
	  	 	81	 
	
	ARTICLE 8	  
	DEFEASANCE; SATISFACTION AND DISCHARGE	 
			
	Section 8.01.	 	 Issuer’s Option To Effect Defeasance or Covenant Defeasance
	  	 	83	 
	Section 8.02.	 	 Defeasance and Discharge
	  	 	83	 
	Section 8.03.	 	 Covenant Defeasance
	  	 	83	 
	Section 8.04.	 	 Conditions to Defeasance
	  	 	84	 
	Section 8.05.	 	 Satisfaction and Discharge of Indenture
	  	 	85	 
	Section 8.06.	 	 Survival of Certain Obligations
	  	 	86	 
	Section 8.07.	 	 Acknowledgment of Discharge by Trustee
	  	 	86	 
	Section 8.08.	 	 Application of Trust Money
	  	 	86	 
	Section 8.09.	 	 Repayment to Issuer
	  	 	86	 
	Section 8.10.	 	 Indemnity for Government Securities
	  	 	87	 
	Section 8.11.	 	 Reinstatement
	  	 	87	 
	
	ARTICLE 9	  
	AMENDMENTS AND WAIVERS	 
			
	Section 9.01.	 	 Without Consent of Holders
	  	 	87	 
	Section 9.02.	 	 With Consent of Holders
	  	 	88	 
	Section 9.03.	 	 Amendments to Subordination Provisions and Intercreditor Agreements
	  	 	90	 
	Section 9.04.	 	 Effect of Supplemental Indentures
	  	 	91	 
	Section 9.05.	 	 Notation on or Exchange of Notes
	  	 	91	 
	Section 9.06.	 	 Payment for Consent
	  	 	91	 
	Section 9.07.	 	 Notice of Amendment or Waiver
	  	 	91	 
	Section 9.08.	 	 Trustee To Sign Amendments; Etc.
	  	 	91	 

  
 v 

							
	
	ARTICLE 10	  
	GUARANTEE	 
			
	Section 10.01.	 	 Notes Guarantees
	  	 	92	 
	Section 10.02.	 	 Subrogation
	  	 	93	 
	Section 10.03.	 	 Release of Subsidiary Guarantees
	  	 	94	 
	Section 10.04.	 	 Limitation and Effectiveness of Guarantees
	  	 	94	 
	Section 10.05.	 	 Notation Not Required
	  	 	94	 
	Section 10.06.	 	 Successors and Assigns
	  	 	94	 
	Section 10.07.	 	 No Waiver
	  	 	95	 
	Section 10.08.	 	 Modification
	  	 	95	 
	
	ARTICLE 11	  
	SUBORDINATION	 
			
	Section 11.01.	 	 Agreement To Subordinate
	  	 	95	 
	Section 11.02.	 	 Liquidation, Dissolution, Bankruptcy
	  	 	95	 
	Section 11.03.	 	 Payment Blockage
	  	 	96	 
	Section 11.04.	 	 Trustee Entitled To Rely
	  	 	97	 
	Section 11.05.	 	 Trustee To Effectuate Subordination of Each Guarantee
	  	 	97	 
	Section 11.06.	 	 Trustee Not Fiduciary for the Holders of Senior Debt
	  	 	97	 
	Section 11.07.	 	 Reliance on Subordination Provisions
	  	 	98	 
	Section 11.08.	 	 Trustee’s Compensation Not Prejudiced
	  	 	98	 
	Section 11.09.	 	 Subrogation to Rights of Holders of Senior Debt
	  	 	98	 
	Section 11.10.	 	 Provisions Solely To Define Relative Rights
	  	 	98	 
	Section 11.11.	 	 Notice to Trustee
	  	 	99	 
	Section 11.12.	 	 No Suspense of Remedies
	  	 	99	 
	Section 11.13.	 	 Trust Moneys Not Subordinated
	  	 	99	 
	Section 11.14.	 	 No Waiver; Modification to Senior Debt
	  	 	100	 
	Section 11.15.	 	 Further Assistance
	  	 	100	 
	
	ARTICLE 12	  
	HOLDERS’ MEETINGS	 
			
	Section 12.01.	 	 Purposes of Meetings
	  	 	100	 
	Section 12.02.	 	 Place of Meetings
	  	 	101	 
	Section 12.03.	 	 Call and Notice of Meetings
	  	 	101	 
	Section 12.04.	 	 Voting at Meetings
	  	 	101	 
	Section 12.05.	 	 Voting Rights, Conduct and Adjournment
	  	 	101	 
	Section 12.06.	 	 Revocation of Consent by Holders at Meetings
	  	 	102	 
	
	ARTICLE 13	  
	MISCELLANEOUS	 
			
	Section 13.01.	 	 Trust Indenture Act Controls
	  	 	102	 
	Section 13.02.	 	 Notices
	  	 	103	 
	Section 13.03.	 	 Communication by Holders with Other Holders
	  	 	104	 

  
 vi 

							
	Section 13.04.	 	 Certificate and Opinion as to Conditions Precedent
	  	 	104	 
	Section 13.05.	 	 Statements Required in Certificate or Opinion
	  	 	105	 
	Section 13.06.	 	 Rules by Trustee, Paying Agent and Registrar
	  	 	105	 
	Section 13.07.	 	 Legal Holidays
	  	 	105	 
	Section 13.08.	 	 Governing Law
	  	 	105	 
	Section 13.09.	 	 Jurisdiction
	  	 	105	 
	Section 13.10.	 	 No Recourse Against Others
	  	 	106	 
	Section 13.11.	 	 Successors
	  	 	106	 
	Section 13.12.	 	 Multiple Originals
	  	 	106	 
	Section 13.13.	 	 Table of Contents, Cross-Reference Sheet and Headings
	  	 	106	 
	Section 13.14.	 	 Severability
	  	 	106	 
	Section 13.15.	 	 Force Majeure
	  	 	106	 
	Section 13.16.	 	 Counterparts
	  	 	107	 
	Section 13.17.	 	 USA Patriot Act Language
	  	 	107	 

 Exhibits 
  

					
	Exhibit A	 	-	 	Form of Notes
			
	Exhibit B	 	-	 	Form of Transfer Certificate for Transfer from Restricted Global Note to Regulation S Global Note
			
	Exhibit C	 	-	 	Form of Transfer Certificate for Transfer from Regulation S Global Note to Restricted Global Note
			
	Exhibit D	 	-	 	Form of Certificate from Acquiring Accredited Investor

  
 vii 

 INDENTURE dated as of February 10, 2012 among Digicel Limited, a limited liability
exempted company incorporated under the laws of Bermuda (the “Issuer”), the Guarantors defined herein (“Guarantors”), and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”).

 RECITALS OF THE ISSUER AND THE GUARANTORS 

The Issuer has duly authorized the execution and delivery of this Indenture to provide for the issuance of its 7.000% Senior Notes due
2020 issued on the date hereof (the “Original Notes”) and any additional Notes (“Additional Notes” and, together with the Original Notes, the “Notes”) that may be issued on any other Issue Date (as
defined herein). The Guarantors have duly authorized the execution and delivery of this Indenture to provide for the issuance of their Guarantees (as defined herein). The Issuer and the Guarantors have received good and valuable consideration for
the execution and delivery of this Indenture and the Guarantees, as the case may be. The Guarantors will derive substantial direct and indirect benefits from the issuance of the Notes. All necessary acts and things have been done to make
(i) the Notes, when duly issued and executed by the Issuer and authenticated and delivered hereunder, the legal, valid and binding obligations of the Issuer, (ii) the Guarantees, when executed by the Guarantors and delivered hereunder, the
legal, valid and binding obligations of the respective Guarantors and (iii) this Indenture a legal, valid and binding agreement of the Issuer and the Guarantors in accordance with the terms of this Indenture. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the
equal and proportionate benefit of all Holders, as follows: 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01. Definitions.  

“Accredited Investor” means an institutional “accredited investor” (as defined in Rule 501(a)(1), (2),
(3) or (7) under the Securities Act). 
 “Acquired Debt” means Debt of a Person: 

(a) existing at the time such Person becomes a Restricted Subsidiary or is merged into or consolidated with the Issuer or any Restricted
Subsidiary or 
 (b) assumed in connection with the acquisition of assets from any such Person, in each case provided that such Debt
was not Incurred in connection with, or in contemplation of, such Person becoming a Restricted Subsidiary or such acquisition, as the case may be. 

 Acquired Debt will be deemed to be Incurred on the date the acquired Person becomes a Restricted
Subsidiary or the date of the related acquisition of assets from any Person. 
 “Affiliate” means, with respect to any
specified Person: 
 (a) any other Person directly or indirectly controlling or controlled by or under direct or indirect common control
with such specified Person, or 
 (b) any other Person that owns, directly or indirectly, 5% or more of such specified Person’s Capital
Stock or any officer or director of any such specified Person or other Person or, with respect to any natural Person, any Person having a relationship with such Person by blood, marriage or adoption not more remote than first cousin. 

For the purposes of this definition, “control”, when used with respect to any specified Person, means the power to direct or cause
the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings
correlative to the foregoing. 
 “Asset Sale” means any sale, issuance, conveyance, transfer, lease or other
disposition (including, without limitation, by way of merger, consolidation or sale and leaseback transaction) (collectively, a “transfer”), directly or indirectly, in one or a series of related transactions, of: 

(a) any Capital Stock of any Restricted Subsidiary (other than directors’ qualifying shares or shares required by applicable law to be
held by a Person other than the Issuer or a Restricted Subsidiary); 
 (b) all or substantially all of the properties and assets of any
division or line of business of the Issuer or any Restricted Subsidiary; or 
 (c) any other of the Issuer’s or any Restricted
Subsidiary’s properties or assets. Notwithstanding the preceding, none of the following items will be deemed to be an Asset Sale: 

(i) any transfer or disposition of assets that is governed by the provisions of Article 5 and Section 4.11; 

(ii) any transfer or disposition of assets by the Issuer to any Restricted Subsidiary, or by any Restricted Subsidiary to the Issuer or any
Restricted Subsidiary in accordance with the terms of this Indenture; 
 (iii) any transfer or disposition of obsolete or permanently
retired equipment or facilities that are no longer useful in the conduct of the Issuer’s and any Restricted Subsidiary’s business and that are disposed of in the ordinary course of business; 

  
 2 

 (iv) any single transaction or series of related transactions that involves assets or Capital
Stock having a Fair Market Value of less than $10.0 million; 
 (v) for the purposes of Section 4.09 only, the making of a Permitted
Investment or a disposition permitted under Section 4.08; 
 (vi) the sale, lease or other disposition of equipment, inventory or other
assets in the ordinary course of business; 
 (vii) the lease, assignment or sublease of any real or personal property or spectrum in the
ordinary course of business; 
 (viii) an issuance of Capital Stock by a Restricted Subsidiary to the Issuer or to another Restricted
Subsidiary or to a minority shareholder in a Permitted Joint Venture or as required by law or the terms of any license or concession; 

(ix) sales of assets received by the Issuer or any Restricted Subsidiary upon the foreclosure on a Lien granted in favor of the Issuer or any
Restricted Subsidiary; 
 (x) a disposition resulting from the bona fide exercise by government authority of its claimed or actual power of
eminent domain to the extent that the property subject thereof is not material to the operations of the Person affected thereby; 
 (xi) any
disposition of assets subject to a Lien securing Debt of an Unrestricted Subsidiary permitted by the provisions of this Indenture that is transferred to the holder of such Lien or its designee in satisfaction or settlement of the holder of such
Lien’s claim or a realization upon such Lien by such holder; 
 (xii) any disposition by reason of the issuance of directors’
qualifying shares or investments by foreign nationals, in each case in a nominal amount, mandated by applicable law; and 
 (xiii) any
disposition of contract and license rights, development rights, leases and market data made in connection with the initial development of a telecommunications business and prior to the commencement of commercial operation of such telecommunications
business for reasonable equivalent value. 
 “Attributable Debt” means, with respect to any sale and leaseback transaction
at the time of determination, the present value (discounted at the interest rate implicit in the lease determined in accordance with IFRS or, if not known, at the Issuer’s incremental borrowing rate) of the total obligations of the lessee of
the property subject to such lease for rental payments during the remaining term of the lease included in such sale and lease-back transaction, including any period for which such lease has been extended or may, at the option of the lessor, be
extended, or until the earliest date on which the lessee may terminate such lease without penalty or upon payment of penalty (in which case the rental payments shall include such penalty), after excluding from such rental payments all amounts
required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water, utilities and similar charges. 

  
 3 

 “Average Life” means, as of the date of determination with respect to any Debt,
the quotient obtained by dividing: 
 (a) the sum of the products of: 

(i) the numbers of years from the date of determination to the date or dates of each successive scheduled principal payment of
such Debt multiplied by 
 (ii) the amount of each such principal payment; by 

(b) the sum of all such principal payments. 

“Bankruptcy Law” means any law relating to bankruptcy, insolvency, receivership, moratorium, winding-up, liquidation,
reorganization or relief of debtors or any amendment to, succession to or change in any such law, including, without limitation, (i) bankruptcy law of Jamaica, (ii) bankruptcy law of Bermuda, (iii) bankruptcy law of the Cayman
Islands, (iv) bankruptcy law of Barbados, (v) bankruptcy law of St. Lucia, (vi) bankruptcy law of Trinidad & Tobago, (vii) bankruptcy law of Aruba, (viii) bankruptcy law of Curaçao, (ix) bankruptcy law
of St. Vincent & Grenadines, (x) bankruptcy law of Grenada or (xi) title 11, United States Bankruptcy Code of 1978, as amended. 

“Banks” means the lenders at any given time under the Senior Credit Facilities. 

“Business Day” means a day other than a Saturday, Sunday or other day on which banking institutions in Bermuda, New
York, London or a place of payment under this Indenture are authorized or required by law to close. 
 “Capital
Stock” means, with respect to any Person, any and all shares, interests, partnership interests (whether general or limited), participations, rights in or other equivalents (however designated) of such Person’s equity, any other
interest or participation that confers the right to receive a share of the profits and losses, or distributions of assets of, such Person and any rights (other than debt securities convertible into or exchangeable for Capital Stock), warrants or
options exchangeable for or convertible into such Capital Stock, whether now outstanding or issued after the date of this Indenture. 

“Capitalized Lease Obligation” means, with respect to any Person, any obligation of such Person under a lease of (or
other agreement conveying the right to use) any property (whether real, personal or mixed), which obligation is required to be classified and accounted for as a capital lease obligation under IFRS, and, for purposes of this Indenture, the amount of
such obligation at any date will be the capitalized amount thereof at such date, determined in accordance with IFRS and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the
first date such lease may be terminated without penalty. 
 “Cash Equivalents” means any of the following, to
the extent owned by the Issuer or any of its Restricted Subsidiaries and having a Maturity of not greater than 90  

  
 4 

 
days from the date of acquisition by the Issuer or any of its Restricted Subsidiaries: (a) readily marketable direct obligations of the Government of the United States or any agency or
instrumentality thereof or obligations unconditionally guaranteed by the full faith and credit of the Government of the United States, (b) insured certificates of deposit of, or time deposits with, any commercial bank that (i) is a lender
under a Senior Credit Facility or a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause (c) below, (iii) is organized under the laws of the United States or
any State thereof, and (iv) has combined capital and surplus of at least $1.0 billion, (c) commercial paper in an aggregate amount of no more than $1.0 million per issuer outstanding at any time, issued by any corporation organized under
the laws of any State of the United States and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or “A-1” (or the then equivalent grade) by S&P, and (d) money market funds having a rating in the
highest investment category granted by a recognized credit rating agency at the time of acquisition, including any fund for which the collateral agency under a Senior Credit Facility or an affiliate of the collateral agent under such Senior Credit
Facility serves as an investment advisor, administrator, shareholder servicing agent, custodian or subcustodian, notwithstanding that (A) the collateral agent under such Senior Credit Facility or an affiliate of the collateral agent under such
Senior Credit Facility charges and collects fees and expenses from such funds for services rendered (provided that such charges, fees and expenses are on terms consistent with terms negotiated at arm’s length) and (B) the collateral agent
under such Senior Credit Facility charges and collects fees and expenses for services rendered; provided that bank deposits and short term investments in the local currency of any Restricted Subsidiary shall qualify as Cash Equivalents so long as
the aggregate amount thereof does not exceed the amount reasonably estimated by the Issuer as being necessary to finance the operations, including capital expenditures, of such Restricted Subsidiary for the succeeding 90 days. 

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

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than a
Permitted Holder, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a Person will be deemed to have “beneficial ownership” of all
securities that such Person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the voting power of the Issuer’s outstanding Voting Stock; or

 (b) (i) if the Issuer consummates any transaction (including, without limitation, any merger, consolidation, amalgamation or other
combination) pursuant to which the Issuer’s outstanding Voting Stock is converted into or exchanged for cash, securities or other property, or (ii) the Issuer conveys, transfers, leases or otherwise disposes of, or any resolution with
respect to a demerger or division is passed by the Issuer’s board of directors or shareholders pursuant to which the Issuer would dispose of, all or substantially all of the Issuer’s assets and those of the Restricted Subsidiaries,
considered as a whole (other than a transfer of substantially all of such assets to one or more Wholly Owned Subsidiaries), in each case to any Person other than in a transaction: 

(x) where the Issuer’s outstanding Voting Stock is not converted or exchanged at all (except to the extent necessary to
reflect a change in the jurisdiction of the Issuer’s incorporation) or is converted into or exchanged for Voting Stock (other than Redeemable Capital Stock) of the surviving or transferee corporation; and 

(y) no “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other
than a Permitted Holder, is the “beneficial owner” (as defined in clause (a) above) directly or indirectly, of more than 50% of the total outstanding Voting Stock of the surviving or transferee corporation; or 

  
 5 

 (c) during any consecutive two-year period following the date of this Indenture, individuals who
at the beginning of such period constituted the Issuer’s board of directors (together with any new members whose election to such board, or whose nomination for election by the Issuer’s shareholders, was approved by a vote of at least a
majority of the members of the Issuer’s board of directors then still in office who were either members at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute
a majority of the members of the Issuer’s board of directors then in office; or 
 (d) the Issuer is liquidated or dissolved or adopts
a plan of liquidation or dissolution other than in a transaction which complies with the provisions of Article 5. 

“Clearstream” means Clearstream Banking, société anonyme. 

“Commission” means the US Securities and Exchange Commission. 

“Consolidated Interest Expense” means for any period the consolidated interest expense included in a consolidated
income statement (without deduction of interest income) of the Issuer and its Restricted Subsidiaries for such period calculated on a consolidated basis in accordance with IFRS, excluding the amortization of deferred financing costs and including
without limitation or duplication (or, to the extent not so included, with the addition of), (i) the amortization of Debt discounts; (ii) any payments or fees with respect to letters of credit, bankers’ acceptances or similar
facilities; (iii) fees with respect to interest rate swap or similar agreements or foreign currency hedge, exchange or similar agreements; (iv) Preferred Stock dividends (other than with respect to Redeemable Capital Stock) declared and
paid or payable; (v) accrued Redeemable Capital Stock dividends, whether or not declared or paid; (vi) interest on Debt guaranteed by the Issuer and any of its Restricted Subsidiaries; and (vii) the portion of any rental obligation
allocable to interest expense. 
 “Consolidated Net Income” for any period means the consolidated net income
(or loss) of the Issuer and its Restricted Subsidiaries for such period determined on a consolidated basis (before minority interests) in accordance with IFRS; provided that there shall be excluded therefrom (without
duplication) (a) the net income (or loss) of any Person acquired by the Issuer or its Restricted Subsidiaries in a pooling-of-interests transaction for any period prior to the date of such transaction, (b) the net income (or 

  
 6 

 
loss) of any Person that is not a Restricted Subsidiary of the Issuer (including Unrestricted Subsidiaries) except to the extent of the amount of dividends or other distributions actually paid to
the Issuer or its Restricted Subsidiaries by such Person during such period, (c) gains or losses on Asset Sales by the Issuer or its Restricted Subsidiaries other than in the ordinary course of business, (d) all extraordinary or
non-recurring gains and extraordinary or non-recurring losses, (e) the cumulative effect of changes in accounting principles, (f) gains or losses resulting from fluctuations in currency exchange rates (whether realized or unrealized) and
(g) the tax effect of any of the items described in clauses (a) through (f) above. 
 “Consolidated Tax
Expense” means, for any period with respect to any Relevant Taxing Jurisdiction, the provision for all national, local and foreign federal, state or other income taxes of the Issuer and the Restricted Subsidiaries for such period as
determined on a consolidated basis in accordance with IFRS. 
 “Corporate Trust Office” means the principal
corporate trust office of the Trustee, at which at any particular time its corporate trust business shall be administered, which office at the date of execution of this Indenture is located at 60 Wall Street, New York, New York 10005, Attention:
Trust and Securities Services, or such other address as the Trustee may designate from time to time by notice to the Holders and the Issuer, or the principal corporate trust office of any successor Trustee (or such other address as such successor
Trustee may designate from time to time by notice to the Holders and the Issuer). 
 “Credit Facility” or
“Credit Facilities” means one or more debt facilities or indentures, as the case may be, (including the Senior Credit Facilities) or commercial paper facilities with banks, insurance companies or other institutional lenders
providing for revolving credit loans, term loans, notes, letters of credit or other forms of guarantees and assurances or other credit facilities or extensions of credit, including overdrafts, in each case, as amended, restated, modified, renewed,
refunded, replaced or refinanced in whole or in part from time to time and, for the avoidance of doubt, includes any agreement extending the Maturity of, refinancing or restructuring all or any portion of the indebtedness under such agreements or
any successor agreements. 
 “Currency Agreements” means in respect of a Person any spot or forward foreign
exchange agreements and currency swap, currency option or other similar financial agreements or arrangements designed to protect such Person against or manage exposure to fluctuations in foreign currency exchange rates. 

“Custodian” means any receiver, trustee, assignee, liquidator, custodian, administrator or similar official under any
Bankruptcy Law. 
 “Debt” means, with respect to any Person, without duplication: 

(a) all liabilities of such Person for borrowed money (including overdrafts) or for the deferred purchase price of property or services,
excluding any trade payables and other accrued current liabilities Incurred in the ordinary course of business; 

  
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 (b) all obligations of such Person evidenced by bonds, notes, debentures or other similar
instruments; 
 (c) all obligations, contingent or otherwise, of such Person in connection with any letters of credit, bankers’
acceptances, receivables facilities or other similar facilities; 
 (d) all indebtedness of such Person created or arising under any
conditional sale or other title retention agreement with respect to property acquired by such Person (even if the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such
property), but excluding trade payables arising in the ordinary course of business; 
 (e) all Capitalized Lease Obligations of such Person;

 (f) all obligations of such Person under or in respect of Interest Rate Agreements and Currency Agreements; 

(g) all Debt referred to in (but not excluded from) the preceding clauses (a) through (f) of other Persons and all dividends of
other Persons, the payment of which is secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien upon or with respect to property (including, without limitation, accounts and contract
rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Debt (the amount of such obligation being deemed to be the lesser of the Fair Market Value of such property or asset and the amount of the
obligation so secured); 
 (h) all guarantees by such Person of Debt referred to in this definition of any other Person; 

(i) all Redeemable Capital Stock of such Person valued at the greater of its voluntary maximum fixed repurchase price and involuntary maximum
fixed repurchase price plus accrued and unpaid dividends; and 
 (j) Preferred Stock of any Restricted Subsidiary; 

provided that the term “Debt” shall not include (i) non-interest bearing installment obligations and accrued liabilities Incurred in the
ordinary course of business that are not more than 90 days past due; (ii) Debt in respect of the Incurrence by the Issuer or any Restricted Subsidiary of Debt in respect of standby letters of credit, performance bonds or surety bonds provided
by the Issuer or any Restricted Subsidiary in the ordinary course of business to the extent such letters of credit or bonds are not drawn upon or, if and to the extent drawn upon are honored in accordance with their terms and if, to be reimbursed,
are reimbursed no later than the fifth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit or bond; (iii) anything accounted for as an operating lease in accordance with IFRS as
at the date of this Indenture; and (iv) any pension obligations of the Issuer or a Restricted Subsidiary. 

  
 8 

 For purposes of this definition, the “maximum fixed repurchase price” of any
Redeemable Capital Stock that does not have a fixed redemption, repayment or repurchase price will be calculated in accordance with the terms of such Redeemable Capital Stock as if such Redeemable Capital Stock were purchased on any date on which
Debt will be required to be determined pursuant to this Indenture, and if such price is based upon, or measured by, the Fair Market Value of such Redeemable Capital Stock, such Fair Market Value will be determined in good faith by the board of
directors of the issuer of such Redeemable Capital Stock; provided that if such Redeemable Capital Stock is not then permitted to be redeemed, repaid or repurchased, the redemption, repayment or repurchase price shall be the book value of
such Redeemable Capital Stock as reflected in the most recent financial statements of such Person.  
 “Default”
means any event that is, or after notice or passage of time or both would be, an Event of Default. 
 “Depository”
or “DTC” means, with respect to the Notes issued in the form of one or more Global Notes, The Depository Trust Company or another Person designated as Depository by the Issuer, which Person must be a clearing agency registered under
the Exchange Act. 
 “Designated Senior Debt” means (a) any Debt outstanding under the Senior Credit
Facilities, and (b) any other Senior Debt permitted under this Indenture the principal amount of which is $50.0 million or more as of the date of determination and that has been designated by the Issuer or the relevant Restricted Subsidiary as
“Designated Senior Debt”. 
 “DGL Notes” means Digicel Group Limited’s 8 7⁄8% Senior Notes due 2015,
9 1⁄8%/9 7⁄8% Senior Toggle Notes due 2015 and 10.5% Senior Notes due
2018. 
 “Disinterested Director” means, with respect to any transaction or series of related transactions, a
member of the Issuer’s board of directors who does not have any material direct or indirect financial interest in or with respect to such transaction or series of related transactions or is not an Affiliate, or an officer, director or employee
of any Person (other than the Issuer) who has any direct or indirect financial interest in or with respect to such transaction or series of related transactions. 

“dollars” means the lawful currency of the United States of America. 

“EBITDA” for any period means the Consolidated Net Income of the Issuer and its Restricted Subsidiaries for such
period (A) plus the sum of (i) Consolidated Interest Expense of the Issuer and its Restricted Subsidiaries for such period, (ii) Consolidated Tax Expense of the Issuer and its Restricted Subsidiaries for such period, (iii) the
consolidated depreciation and amortization expense included in the income statement of the Issuer and its Restricted Subsidiaries for such period, (iv) any other non-cash items reducing Consolidated Net Income (other than any such non-cash item
to the extent that it represents an accrual of or reserve for cash expenditures in any future period required to be made by IFRS) and (v) charges or expenses related to any stock option plan or 

  
 9 

 
employee benefit plan required to be made pursuant to IFRS, and (B) minus all non-cash items increasing Consolidated Net Income for such period (other than any such non-cash item to the
extent that it will result in the receipt of cash payments in any future period); provided, however, that for purposes of any determination pursuant to the provisions of Section 4.08(b)(iii)(A), there shall be excluded therefrom the
EBITDA (if positive) of any Restricted Subsidiary of the Issuer that is not a Guarantor (calculated separately for such Person in the same manner as provided above for the Issuer and its Restricted Subsidiaries) that is subject to a restriction to
the extent it prevented the payment of dividends or the making of distributions to the Issuer or another Restricted Subsidiary to the extent of such restriction; provided further that, for purposes of any determination pursuant to the
provisions of Section 4.06(a) or (g) or Section 4.08(c)(xii), in the event any of the Issuer or Restricted Subsidiaries have made Asset Sales or acquisitions of assets not in the ordinary course of business (including acquisitions of other
Persons by merger, consolidation or purchase of Capital Stock) during or after such period, EBITDA shall be calculated on a pro forma basis (determined in good faith by the chief financial officer of the Issuer in an Officer’s Certificate) as
if the Asset Sales or acquisitions had taken place on the first day of such period. 
 “Enforcement Action”
means, in relation to any Debt of a Guarantor, any action (whether taken by the relevant creditor or creditors or an agent or trustee on its or their behalf) to: 

(a) demand payment, declare prematurely due and payable or otherwise seek to accelerate payment of all or any part of such Debt; 

(b) recover all or any part of such Debt (including, by exercising any rights of set-off or combination of accounts); 

(c) exercise or enforce any rights under or pursuant to any guarantee or other assurance given by such Guarantor in respect of such Debt; 

(d) exercise or enforce any rights under any security interest whatsoever which secures such Debt; 

(e) commence legal proceedings against any Person; or 

(f) commence, or take any other steps which could lead to the commencement of, 

(i) any insolvency, liquidation, dissolution, winding-up, administration, receivership, compulsory merger or judicial
reorganization of any Person; or 
 (ii) the appointment of a trustee in bankruptcy, or insolvency conciliator, ad hoc
official, judicial administrator, a liquidator or other similar officer in respect of any Person; or any other similar process or appointment. 

  
 10 

 “euro” or “€” means the lawful currency of the
member states of the European Union who have agreed to share a common currency in accordance with the provisions of the Maastricht Treaty dealing with European monetary union. 

“Euroclear” means Euroclear S.A./N.V., as operator of the Euroclear System. 

“Exchange Act” means the US Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and
regulations promulgated by the Commission thereunder. 
 “Existing 8.25% Indenture” means the indenture dated
December 8, 2009, among the Issuer, the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee. 

“Fair Market Value” means, with respect to any asset or property, the sale value that would be obtained in an
arm’s-length free market transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy, as determined in good faith by the Issuer’s board of directors.

 “Guarantee” means any guarantee of the Issuer’s obligations under this Indenture and the Notes by the
Issuer, any Restricted Subsidiary or any other Person in accordance with the provisions of this Indenture, including the Guarantees by the Guarantors dated as of the date of this Indenture. When used as a verb, “Guarantee” shall
have a corresponding meaning. 
 “guarantees” means, as applied to any obligation, 

(a) a guarantee (other than by endorsement of negotiable instruments for collection or deposit in the ordinary course of business), direct or
indirect, in any manner, of any part or all of such obligation and 
 (b) an agreement, direct or indirect, contingent or otherwise, the
practical effect of which is to assure in any way the payment or performance (or payment of damages in the event of non-performance) of all or any part of such obligation, including, without limiting the foregoing, by the pledge of assets and the
payment of amounts drawn down under letters of credit. 
 “Guarantors” means Digicel Holdings (Bermuda) Limited,
Digicel International Finance Limited, Digicel (Curaçao) Holdings B.V., Curaçao Telecom N.V., Digicel Eastern Caribbean Limited, Digicel Aruba Holdings B.V., Digicel Caribbean Ltd., Digicel (Jamaica) Limited and Digicel Holdings Ltd.
and any other Person that is a guarantor of the Notes, including any Person that is required after the date of this Indenture to execute a guarantee of the Notes pursuant to Section 4.15 until a successor replaces such party pursuant to the
applicable provisions of this Indenture and, thereafter, shall mean such successor. 
 “Holder” means the Person in
whose name a Note is registered on the Registrar’s books. 

  
 11 

 “Incur” means, with respect to any Debt or other obligation of any
Person, to create, issue, incur (by conversion, exchange or otherwise), assume, Guarantee or otherwise become liable in respect of such Debt or other obligation, including by acquisition of Subsidiaries (the Debt of any other Person becoming a
Subsidiary of such Person being deemed for this purpose to have been incurred at the time such other Person becomes a Subsidiary), or the recording, as required pursuant to generally accepted accounting principles or otherwise, of any such Debt or
other obligation on the balance sheet of such Person (and “Incurrence”, “Incurred”, “Incurrable” and “Incurring” shall have meanings correlative to the foregoing);
provided, however, that a change in generally accepted accounting principles that results in an obligation of such Person that exists at such time becoming Debt shall not be deemed an Incurrence of such
Debt. 
 “Indenture” means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the TIA that are
expressly incorporated, by reference or otherwise, herein and in any such supplemental indenture, respectively. 
 “Interest
Payment Date” means the Stated Maturity of an installment of interest on the Notes. 
 “Interest Rate
Agreements” means in respect of a Person any interest rate protection agreements and other types of interest rate hedging agreements (including, without limitation, interest rate swaps, caps, floors, collars and similar agreements) designed
to protect such Person against or manage exposure to fluctuations in interest rates. 
 “Investment” means,
with respect to any Person, any direct or indirect advance, loan or other extension of credit (including guarantees) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for
the account or use of others), or any purchase, acquisition or ownership by such Person of any Capital Stock, bonds, notes, debentures or other securities or evidences of Debt issued or owned by, any other Person and all other items that would be
classified as investments on a balance sheet prepared in accordance with IFRS. In addition, the portion (proportionate to the Issuer’s equity interest in such Restricted Subsidiary) of the Fair Market Value of the net assets of any Restricted
Subsidiary at the time that such Restricted Subsidiary is designated an Unrestricted Subsidiary will be deemed to be an “Investment” that the Issuer made in such Unrestricted Subsidiary at such time. The portion (proportionate to
the Issuer’s equity interest in such Restricted Subsidiary) of the Fair Market Value of the net assets of any Unrestricted Subsidiary at the time that such Unrestricted Subsidiary is designated a Restricted Subsidiary will be considered a
reduction in outstanding Investments. “Investments” excludes extensions of trade credit on commercially reasonable terms in accordance with normal trade practices. 

  
 12 

 “Issue Date” means, in respect of any Note, the date on which such Note was
initially issued. 
 “Issuer” means the party named as such in this Indenture until a successor replaces it and,
thereafter, means the successor. 
 “Issuer Order” means a written order signed in the name of the Issuer by
any Person authorized by a resolution of the board of directors of the Issuer. 
 “Leverage Ratio”, when used
in connection with any Incurrence (or deemed Incurrence) of Debt, means the ratio of (i) the consolidated principal amount of Debt of the Issuer and its Restricted Subsidiaries outstanding as of the most recent available quarterly or annual
balance sheet, after giving pro forma effect to (a) the Incurrence of such Debt and any other Debt Incurred since such balance sheet date, (b) the receipt and application of the proceeds thereof and (c) (without duplication) the
repayment, redemption or repurchase of any other Debt since such balance sheet date, to (ii) the product of (x) two and (y) EBITDA for the latest two fiscal quarters ended on such balance sheet date. 

“Lien” means any mortgage or deed of trust, charge, pledge, lien (statutory or otherwise), privilege, security
interest, hypothecation, assignment for security, claim, or preference or priority or other encumbrance upon or with respect to any property of any kind, real or personal, movable or immovable, now owned or hereafter acquired. A Person shall be
deemed to own subject to a Lien any property which such Person has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement. 

“Maturity” means, with respect to any indebtedness, the date on which any principal of such indebtedness becomes due
and payable as therein or herein provided, whether at the Stated Maturity with respect to such principal or by declaration of acceleration, call for redemption or purchase or otherwise. 

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

“Net Cash Proceeds” means: 

(a) with respect to any Asset Sale, the proceeds thereof in the form of cash or Cash Equivalents including payments in respect of deferred
payment obligations when received in the form of, or stock or other assets when disposed for, cash or Cash Equivalents (except to the extent that such obligations are financed or sold with recourse to the Issuer or any Restricted Subsidiary), net
of: 
 (i) brokerage commissions and other fees and expenses (including, without limitation, fees and expenses of legal
counsel, accountants, investment banks and other consultants) related to such Asset Sale; 
 (ii) provisions for all taxes
paid or payable, or required to be accrued as a liability under IFRS as a result of such Asset Sale; 

  
 13 

 (iii) all payments made on any Debt that is secured by any Property subject to
such Asset Sale, in accordance with the terms of any Lien upon or other security agreement of any kind with respect to such Property, or which must by its terms, or in order to obtain a necessary consent to such Asset Sale, or by applicable law, be
repaid out of the proceeds from such Asset Sale; 
 (iv) all distributions and other payments required to be made to any
Person (other than the Issuer or any Restricted Subsidiary) owning a beneficial interest in the assets subject to the Asset Sale; and 

(v) appropriate amounts required to be provided by the Issuer or any Restricted Subsidiary, as the case may be, as a reserve in
accordance with IFRS against any liabilities associated with such Asset Sale and retained by the Issuer or any Restricted Subsidiary, as the case may be, after such Asset Sale, including, without limitation, pension and other post-employment benefit
liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations associated with such Asset Sale, all as reflected in an Officers’ Certificate delivered to the Trustee; and 

(b) with respect to any capital contributions, issuance or sale of Capital Stock or options, warrants or rights to purchase Capital Stock, or
debt securities or Capital Stock that have been converted into or exchanged for Capital Stock as referred to in Section 4.08, the proceeds of such issuance or sale in the form of cash or Cash Equivalents or other assets used or useful in the
business (valued at the Fair Market Value thereof), payments in respect of deferred payment obligations when received in the form of, or stock or other assets when disposed of for, cash or Cash Equivalents or other assets used or useful in the
business (valued at the Fair Market Value thereof), except to the extent that such obligations are financed or sold with recourse to the Issuer or any Restricted Subsidiary, net of attorney’s fees, accountant’s fees and brokerage,
consultation, underwriting and other fees and expenses actually Incurred in connection with such issuance or sale and net of taxes paid or payable as a result of thereof. 

“Net Leverage Ratio” means the ratio of (i) the consolidated principal amount of Debt of the Issuer and its
Restricted Subsidiaries outstanding as of the most recent available quarterly or annual balance sheet, after giving pro forma effect to (a) the Incurrence of any Debt Incurred since such balance sheet date, (b) the receipt and application
of the proceeds thereof and (c) (without duplication) the repayment, redemption or repurchase of any other Debt since such balance sheet date, and less (d) the amount of cash and Cash Equivalents in excess of any Restricted Cash that would
be stated on the balance sheet of the Issuer and its Restricted Subsidiaries as of such date of determination to (ii) the product of (x) two and (y) EBITDA for the latest two fiscal quarters ended on such balance sheet date.

 “Officer’s Certificate” means a certificate signed by an officer of the Issuer, a Guarantor or a
Surviving Entity, as the case may be, and delivered to the Trustee. 

  
 14 

 “Opinion of Counsel” means a written opinion from legal counsel. The
counsel may be an employee of or counsel to the Issuer or the Trustee. 
 “Pari Passu Debt” means
(a) any Debt of the Issuer that ranks equally in right of payment with the Notes or (b) any Debt of a Guarantor that ranks equally in right of payment to the Guarantee of such Guarantor.  

“Permitted Debt” has the meaning set forth in Section 4.06. 

“Permitted Holder” means (i) each of the direct shareholders of record of the Issuer on the Issue Date (as defined in
this Indenture) and any Affiliate or Permitted Transferee thereof, (ii) a Person of which the Issuer is a Subsidiary and a majority of whose Voting Stock is “beneficially owned” by Persons identified in clause (i) of this
definition or (iii) any Subsidiary of a Person identified in clause (ii) of this definition. 
 “Permitted
Investments” means any of the following: 
 (a) Investments in cash or Cash Equivalents; 

(b) intercompany Debt to the extent permitted under Section 4.06(b)(iv); 

(c) Investments in (i) the Issuer, (ii) a Restricted Subsidiary or (iii) another Person if as a result of such Investment such
other Person becomes a Restricted Subsidiary or such other Person is merged or consolidated with or into, or transfers or conveys all or substantially all of its assets to, the Issuer or a Restricted Subsidiary; 

(d) Investments made by the Issuer or any Restricted Subsidiary as a result of or retained in connection with an Asset Sale permitted under or
made in compliance with Section 4.09 to the extent such Investments are non-cash proceeds permitted thereunder; 
 (e) expenses or advances
to cover payroll, travel, entertainment, moving, other relocation and similar matters that are expected at the time of such advances to be treated as expenses in accordance with IFRS; 

(f) Investments in the Notes; 

(g) Investments existing as of the date of this Indenture; 

(h) Investments in Interest Rate Agreements and Currency Agreements permitted under clauses (b)(viii), (b)(ix) and (b)(x) of Section 4.06;

 (i) loans and advances (or guarantees to third party loans) to directors, officers or employees of the Issuer or any Restricted
Subsidiary made in the ordinary course of business and consistent with the Issuer’s past practices or past practices of the Restricted Subsidiaries, as the case may be, in an amount outstanding not to exceed at any one time $1.0 million; 

  
 15 

 (j) Investments in a Person to the extent that the consideration therefor consists of the net
proceeds of the substantially concurrent issue and sale (other than to any Subsidiary) of shares of the Issuer’s Qualified Capital Stock; provided that the net proceeds of such sale have been excluded from, and shall not have been included in,
the calculation of the amount determined under clause (b)(iii)(B) of Section 4.08; 
 (k) any payments or other transactions pursuant to a
tax sharing agreement between the Issuer and any other Person with whom the Issuer files or filed a consolidated tax return or with which the Issuer is or was part of a consolidated group for tax purposes or any tax advantageous group contribution
made pursuant to applicable legislation; 
 (l) [reserved]; 

(m) (i) stock, obligations or securities received in satisfaction of judgments, foreclosure of liens or settlement of debts, and (ii) any
Investments received in compromise of obligations of such persons Incurred in the ordinary course of trade creditors or customers that were Incurred in the ordinary course of business, including pursuant to any plan of reorganization or similar
arrangement upon the bankruptcy or insolvency of any trade creditor or customer; 
 (n) Investments in deposit accounts, time deposits and
similar short term investments in a Qualified Currency at a Qualified Bank; and 
 (o) other Investments not to exceed in the aggregate the
greater of (i) $50.0 million and (ii) 2.5% of Total Assets (after giving effect to any reductions in the amount of any such Investments as a result of the repayment or other disposition thereof, or designation of the Person in which the
Investment was made as a Restricted Subsidiary, the amount of such reduction not to exceed the amount of such Investments previously made pursuant to this clause (o)). 

“Permitted Joint Venture” means a Restricted Subsidiary that is a joint venture with one or more minority shareholders formed
in connection with acquisition, development and operation of telecommunications businesses as required by law or the terms of any license or concession or consistent with industry practice. 

“Permitted Junior Securities” means, with respect to a Guarantor: (a) Capital Stock in such Guarantor; or (b) debt
securities of the Guarantor that are subordinated to all Senior Debt and any debt securities issued in exchange for Senior Debt to substantially the same extent as, or to a greater extent that, the Guarantees are subordinated to Senior Debt pursuant
to this Indenture. 
 “Permitted Liens” means the following types of Liens: 

(a) Liens (other than Liens securing Debt under the Senior Credit Facilities) existing as of the date of this Indenture; 

  
 16 

 (b) Liens on assets of Restricted Subsidiaries securing Debt under Credit Facilities and any
other Senior Debt of a Subsidiary permitted to be incurred under Section 4.06; 
 (c) Liens on any property or assets of a Restricted
Subsidiary granted in favor of the Issuer or any Restricted Subsidiary; 
 (d) Liens on any of the Issuer’s or any Restricted
Subsidiary’s property or assets securing the Notes or any Guarantees; 
 (e) any interest or title of a lessor under any Capitalized
Lease Obligation permitted under Section 4.06 covering only the assets acquired with such Debt; 
 (f) Liens arising out of conditional
sale, title retention, consignment or similar arrangements for the sale of goods entered into by the Issuer or any Restricted Subsidiary in the ordinary course of business in accordance with the Issuer’s or such Restricted Subsidiary’s
past practices prior to the date of this Indenture; 
 (g) statutory Liens of landlords and carriers, warehousemen, mechanics, suppliers,
material-men, repairmen, employees, pension plan administrators or other like Liens arising in the ordinary course of the Issuer’s or any Restricted Subsidiary’s business and with respect to amounts not yet delinquent or being contested in
good faith by appropriate proceedings and for which a reserve or other appropriate provision, if any, as shall be required in conformity with IFRS shall have been made or Liens arising solely by virtue of any statutory or common law provisions
relating to attorney’s liens or bankers’ liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with a creditor depositary institution; 

(h) Liens for taxes, assessments, government charges or claims that are not yet delinquent or that are being contested in good faith by
appropriate proceedings promptly instituted and diligently conducted and for which a reserve or other appropriate provision, if any, as shall be required in conformity with IFRS shall have been made; 

(i) Liens Incurred or deposits made to secure the performance of tenders, bids or trade or government contracts, or to secure leases,
statutory or regulatory obligations, surety or appeal bonds, performance bonds or other obligations of a like nature Incurred in the ordinary course of business (other than obligations for the payment of money); 

(j) zoning restrictions, easements, licenses, reservations, title defects, rights of others for rights-of-way, utilities, sewers, electrical
lines, telephone lines, telegraph wires, restrictions, encroachments and other similar charges, encumbrances or title defects and Incurred in the ordinary course of business that do not in the aggregate materially interfere with in any material
respect the ordinary conduct of the business of the Issuer and its Restricted Subsidiaries on the properties subject thereto, taken as a whole; 

(k) Liens arising by reason of any judgment, decree or order of any court so long as such Lien is adequately bonded and any appropriate legal
proceedings that may 

  
 17 

 
have been duly initiated for the review of such judgment, decree or order shall not have been finally terminated or the period within which such proceedings may be initiated shall not have
expired; 
 (l) Liens on property of, or on shares of Capital Stock or Debt of, any Person existing at the time such Person is acquired by,
merged with or into or consolidated with, the Issuer or any Restricted Subsidiary; provided that such Liens (i) do not extend to or cover any property or assets of the Issuer or any Restricted Subsidiary other than the property or assets
acquired or than those of the Person merged into or consolidated with the Issuer or Restricted Subsidiary and (ii) were created prior to, and not in connection with or in contemplation of such acquisition, merger or consolidation; 

(m) Liens securing the Issuer’s or any Restricted Subsidiary’s obligations under Interest Rate Agreements or Currency Agreements
permitted under clauses (b)(viii) and (b)(ix) of Section 4.06 or any collateral for the Debt to which such Interest Rate Agreements or Currency Agreements relate; 

(n) Liens Incurred or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance
and other types of social security or other insurance (including unemployment insurance); 
 (o) Liens encumbering deposits made to secure
obligations arising from statutory, regulatory, contractual, or warranty requirements of the Issuer or any Restricted Subsidiary, including rights of offset and set-off; 

(p) any extension, renewal or replacement, in whole or in part, of any Lien described in the foregoing clauses (a) through (o);
provided that any such extension, renewal or replacement shall be no more restrictive in any material respect than the Lien so extended, renewed or replaced and shall not extend in any material respect to any additional property or assets;

 (q) Liens securing Debt Incurred to refinance Debt that has been secured by a Lien permitted by this Indenture,
provided that (i) any such Lien shall not extend to or cover any assets not securing the Debt so refinanced and (ii) the Debt so refinanced shall have been permitted to be incurred pursuant to clause (b)(xii) of Section 4.06;

 (r) purchase money Liens to finance property or assets of the Issuer or any Restricted Subsidiary acquired in the ordinary
course of business; provided that (i) the related purchase money Debt shall not exceed the cost of such property or assets and shall not be secured by any property or assets of the Issuer or any Restricted Subsidiary other than the
property and assets so acquired and (ii) the Lien securing such Debt shall be created within 90 days of such acquisitions; 

(s) Liens Incurred in the ordinary course of business of the Issuer or any Restricted Subsidiary with respect to obligations that do not
exceed $10.0 million at any one time outstanding and that (i) are not Incurred in connection with the borrowing of money or the obtaining of advances or credit (other than trade credit in the ordinary course of business) and (ii) do not in
the aggregate materially detract from the value of the property or materially impair the use thereof in the operation of the Issuer’s or such Restricted Subsidiary’s business; 

  
 18 

 (t) options, put and call arrangements, rights of first refusal and similar rights relating to
Investments in joint ventures, partnerships and the like; 
 (u) judgment Liens, and Liens securing appeal bonds or letters of credit issued
in support of or in lieu of appeal bonds, so long as no Event of Default then exists; 
 (v) Liens on property of a Person at the
time such Person becomes a Restricted Subsidiary of the Issuer; provided such Liens were not created in contemplation thereof and do not extend to any other property of the Issuer or any Restricted Subsidiary; 

(w) Liens on property at the time the Issuer or any of the Restricted Subsidiaries acquires such property, including any acquisition by
means of a merger or consolidation with or into the Issuer or a Restricted Subsidiary; provided such Liens were not created in contemplation thereof and do not extent to any other property of the Issuer or any Restricted Subsidiary;

 (x) Liens securing Debt or other obligations of the Issuer or a Restricted Subsidiary to the Issuer or a Guarantor; and 

(y) any pledge of the Capital Stock or Debt of an Unrestricted Subsidiary to secure Debt or other obligations of such Unrestricted Subsidiary.

 “Permitted Refinancing Debt” means any renewals, extensions, substitutions, refinancings or replacements (each,
for purposes of this definition and clause (b)(xii) of Section 4.06, a “refinancing”) of any Debt of the Issuer or a Restricted Subsidiary or pursuant to this definition, including any successive refinancings, so long as:

 (a) such Debt is in an aggregate principal amount (or if Incurred with original issue discount, an aggregate issue price) not in
excess of the sum of (i) the aggregate principal amount (or if Incurred with original issue discount, the aggregate accreted value) then outstanding of the Debt being refinanced and (ii) an amount necessary to pay any fees and expenses,
including premiums and defeasance costs, related to such refinancing; 
 (b) the Average Life of such Debt is equal to or greater than the
Average Life of the Debt being refinanced; 
 (c) the Stated Maturity of such Debt is no earlier than the Stated Maturity of the Debt being
refinanced; and 
 (d) the new Debt is not senior in right of payment to the Debt that is being refinanced; provided that Permitted
Refinancing Debt will not include (i) Debt of a Subsidiary (other than a Guarantor) that refinances the Debt of any Guarantor or (ii) Debt of any Restricted Subsidiary that refinances Debt of an Unrestricted Subsidiary. 

  
 19 

 “Permitted Transferee” means, with respect to Person, (i) such
Person’s spouse or children (natural or adopted), any trust for Person’s benefit or the benefit of his spouse or children (natural or adopted), or any corporation or partnership, all of the direct and beneficial equity ownership and
Indebtedness of which is held by such Person or one or more of the foregoing, but only so long as such Person shall retain ultimate control over the transferred assets; and (ii) the heirs, executors, administrators or personal representatives
upon the death of such Person or upon the incompetency or disability of such Person for purposes of the protection and management of such Person’s assets. 

“Person” means any individual, corporation, limited liability company, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“Preferred Stock” means, with respect to any Person, Capital Stock of any class or classes (however designated) of
such Person which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over the Capital Stock of any other class of such Person
whether now outstanding, or issued after the date of this Indenture, and including, without limitation, all classes and series of preferred or preference stock of such Person. 

“Priority Debt Leverage Ratio”, when used in connection with the Incurrence (or deemed Incurrence) of Debt for
borrowed money, means the ratio of (i) the sum, without duplication, of (x) the aggregate principal amount of Debt for borrowed money secured by a Lien on any assets of the Issuer, (y) the aggregate principal amount of Senior Debt for
borrowed money of all Guarantors and (z) the aggregate principal amount of Debt for borrowed money of all Restricted Subsidiaries that are not Guarantors, in each case outstanding as of the most recently available quarterly or annual balance
sheet, after giving pro forma effect to: (a) the Incurrence of such Debt for borrowed money and any other Debt for borrowed money Incurred since such balance sheet date, (b) the receipt and application of the proceeds thereof and
(c) (without duplication) the repayment, redemption or repurchase of any other Debt for borrowed money since such balance sheet date to (ii) the product of (x) two and (y) EBITDA for the latest two fiscal quarters ended on such
balance sheet date. 
 “pro forma” means, with respect to any calculation made or required to be made
pursuant to the terms of the Notes, a calculation in accordance with Article 11 of the Regulation S-X promulgated under the Securities Act (to the extent applicable) or in good faith by the Issuer’s principal accounting officer. 

“Property” means, with respect to any Person, any interest of such Person in any kind of property or asset, whether
real, personal or mixed, or tangible or intangible, including Capital Stock, and other securities of, any other Person. For purposes of any calculation required pursuant to this Indenture, the value of any Property shall be its Fair Market Value.

  
 20 

 “Public Equity Offering” means an underwritten public offer and sale of Capital
Stock (which is Qualified Capital Stock) of the Issuer or any direct or indirect parent holding company of the Issuer with gross proceeds to the Issuer of at least $50.0 million (including any sale of such Capital Stock purchased upon the exercise
of any over-allotment option granted in connection therewith). 
 “QIB” means a “Qualified Institutional Buyer”
as defined under Rule 144A. 
 “Qualified Bank” means a financial institution located in a Qualified Jurisdiction and of
recognized stature having capital and surplus in excess of US$100.0 million. 
 “Qualified Capital Stock” of any Person
means any and all Capital Stock of such Person other than Redeemable Capital Stock. 
 “Qualified Currency” means dollars,
euros or the currency of a Qualified Jurisdiction. 
 “Qualified Jurisdiction” means the State of New York, Bermuda, the
Cayman Islands and any other jurisdiction (being or within any country whose long term US$ debt has an investment rating from S&P and Moody’s (or if only one such Rating Agency is then rating such debt, from such Rating Agency) of at least
BBB or Baa3, respectively). 
 “Rating Agency” means S&P and/or Moody’s. 

“Record Date” for the interest payable on any Interest Payment Date means the February 1 or August 1 (whether or
not a Business Day), as the case may be, next preceding such Interest Payment Date. 
 “Redeemable Capital Stock” means any
class or series of Capital Stock that, either by its terms, by the terms of any security into which it is convertible or exchangeable or by contract or otherwise, is, or upon the happening of an event or passage of time would be, required to be
redeemed prior to the final Stated Maturity of the Notes or is redeemable at the option of the holder thereof at any time prior to such final Stated Maturity (other than upon a change of control of the Issuer in circumstances in which the Holders
would have similar rights), or is convertible into or exchangeable for debt securities at any time prior to such final Stated Maturity; provided that any Capital Stock that would constitute Qualified Capital Stock but for provisions thereof giving
holders thereof the right to require such Person to repurchase or redeem such Capital Stock upon the occurrence of any “asset sale” or “change of control” occurring prior to the Stated Maturity of the Notes will not constitute
Redeemable Capital Stock if the “asset sale” or “change of control” provisions applicable to such Capital Stock are no more favorable to the holders of such Capital Stock than the provisions of Section 4.09 or Section 4.11 and
such Capital Stock specifically provides that such Person will not repurchase or redeem any such stock pursuant to such provision prior to the Issuer’s repurchase of such Notes as are required to be repurchased pursuant to Section 4.09 or
Section 4.11. 

  
 21 

 “Redemption Date”, when used with respect to any Note to be redeemed, in
whole or in part, means the date fixed for such redemption by or pursuant to 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 this Indenture. 

“Regulation S” means Regulation S under the Securities Act (including any successor regulation thereto), as it may be
amended from time to time. 
 “Replacement Assets” means properties and assets that replace the properties
and assets that were the subject of an Asset Sale or properties and assets that will be used in the Issuer’s business or in that of the Restricted Subsidiaries or any and all businesses that in the good faith judgment of the board of directors
of the Issuer are reasonably related. 
 “Restricted Cash” means cash and Cash Equivalents held by the Issuer
or any Restricted Subsidiary that is contractually restricted from being distributed to the Issuer except for cash and Cash Equivalents subject only to such restrictions that are contained in agreements governing Debt permitted under the Indenture
and that is secured by such cash or Cash Equivalents. 
 “Restricted Subsidiary” means any Subsidiary of the Issuer
other than an Unrestricted Subsidiary. 
 “Rule 144” means Rule 144 under the Securities Act (including any successor
regulation thereto), as it may be amended from time to time. 
 “Rule 144A” means Rule 144A under the Securities Act
(including any successor regulation thereto), as it may be amended from time to time. 
 “S&P” means Standard and
Poor’s Ratings Service, a division of The McGraw-Hill Companies, Inc. and its successors. 
 “Securities Act” means
the US Securities Act of 1933, as amended, or any successor statute, and the rules and regulations promulgated by the Commission thereunder. 

“Senior Agent” means any agent or successor agent appointed under any Senior Credit Facility to which any Guarantor is a
party or designated as “Senior Agent” in any instrument or document evidencing Senior Debt. 
 “Senior Credit
Facility” means each present or future “Facility Agreement” as defined in the Common Agreement dated January 12, 2005 among Digicel International Finance Limited, as Borrower, The Bank of Nova Scotia, as Tranche A
Administrative Agent, Nordea Bank AB (publ), as Tranche B Administrative Agent, National Commercial Bank Jamaica Limited, as Tranche C Administrative Agent, The Bank of Nova Scotia Jamaica Limited, as Tranche D Administrative Agent, Pan Caribbean

  
 22 

 
Merchant Bank Limited, as Jamaica Trustee, RBTT Trust Limited, as US$ Trustee, Citibank N.A., as Collateral Agent, Scotia Jamaica Investment Management Limited, as Mossel Co-Collateral Agent,
RBTT Trust Limited, as DECL Co-Collateral Agent, and Butterfield Bank (Cayman) Limited, as Cayman Co-Collateral Agent together with any related documents (including any security documents and guarantee agreements), as any such agreement or document
may be amended, modified, supplemented, restated, extended, renewed, refinanced or replaced or substituted from time to time and includes any agreement extending the Maturity of, or restructuring all or any portion of, the Debt under such agreement
or any successor agreements and includes any agreement with one or more banks or other lending institutions refinancing all or any portion of the Debt under such agreement or any successor agreements. 

“Senior Debt” means: 

(a) all Debt under any Credit Facility permitted to be Incurred under the provisions of Section 4.15 and all Currency Agreements and Interest
Rate Agreements and other obligations with respect thereto; 
 (b) any other Debt permitted to be Incurred by a Guarantor unless, with
respect to such Guarantor, the instrument under which such Debt is Incurred expressly provides that it is on a parity with or subordinated in right of payment to its Guarantee, as the case may be; and 

(c) all obligations with respect to the items listed in the preceding clauses (a) and (b). 

Notwithstanding anything to the contrary in the preceding, Senior Debt will not include: 

(i) any liability for taxes owed or owing by the Guarantors; 

(ii) any Debt that is Incurred in violation of this Indenture; or 

(iii) any trade payables. 

“Significant Subsidiary” means any Restricted Subsidiary that would be a “Significant Subsidiary” of the Issuer
within the meaning of either clause (1) or (2) of Article I, Rule 1-02(w) under Regulation S-X promulgated under the Securities Act, as such regulation is in effect on the date of this Indenture. 

“Stated Maturity” means, when used with respect to any Note or any installment of interest thereon, the date specified in
such Note as the fixed date on which the principal of such Note or such installment of interest, respectively, is due and payable, and, when used with respect to any other indebtedness, means the date specified in the instrument governing such
indebtedness as the fixed date on which the principal of such indebtedness, or any installment of interest thereon, is due and payable. 

  
 23 

 “Subordinated Debt” means Debt of the Issuer or any of the Guarantors that is
subordinated in right of payment to the Notes or the Guarantees of such Guarantors, as the case may be. 
 “Subsidiary”
means, with respect to any Person: 
 (a) a corporation a majority of whose Voting Stock is at the time, directly or indirectly, owned by
such Person, by one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries thereof; and 
 (b) any other Person
(other than a corporation), including, without limitation, a partnership, limited liability company, business trust or joint venture, in which such Person, one or more Subsidiaries thereof or such Person and one or more Subsidiaries thereof,
directly or indirectly, at the date of determination thereof, has at least majority ownership interest entitled to vote in the election of directors, managers or trustees thereof (or other Person performing similar functions). 

“TIA” means the Trust Indenture Act. 

“Total Assets” means the total assets of the Issuer and its Restricted Subsidiaries as of the most recent balance sheet date
for which financial information is available. 
 “Trust Indenture Act” means the US Trust Indenture Act of 1939, as
amended, or any successor statute, and the rules and regulations promulgated by the Commission thereunder. 
 “Trustee”
means the party named as such in this Indenture until a successor replaces it in accordance with the provisions of this Indenture and, thereafter, means the successor serving hereunder. 

“Trust Officer” means, when used with respect to the Trustee, any vice president, assistant vice president, assistant
treasurer or trust officer in the corporate trust administration of the Trustee or any other officer of the Trustee customarily performing functions similar to those performed by any of the above-designated officers, and also means, with respect to
a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject, and, in each case, who shall have direct responsibility for the administration of
this Indenture. 
 “Unrestricted Subsidiary” means: 

(a) Digicel (CA) Limited; and 

(b) any Subsidiary of the Issuer that at the time of determination is an Unrestricted Subsidiary (as designated by the Issuer’s board of
directors pursuant to Section 4.17); and 
 (c) any Subsidiary of an Unrestricted Subsidiary. 

  
 24 

 “U.S. Government Obligations” means direct obligations (or certificates
representing an ownership interest in such obligations) of the United States (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States is pledged. 

“Voting Stock” means any class or classes of Capital Stock pursuant to which the holders thereof have the general
voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees (or Persons performing similar functions) of any Person (irrespective of whether or not, at the time, stock of any other class or
classes shall have, or might have, voting power by reason of the happening of any contingency). 
 “Wholly Owned Restricted
Subsidiary” means a Restricted Subsidiary that is a Wholly Owned Subsidiary of the Issuer. 
 “Wholly Owned
Subsidiary” of any Person means any Subsidiary of such Person, all of the outstanding Capital Stock (other than directors’ qualifying shares or shares of such Person required to be owned by third parties pursuant to applicable law) of
which is owned by such Person or by one or more other Wholly Owned Subsidiaries of such Person or by such Person and one or more other Wholly Owned Subsidiaries of such Person. 

Section 1.02. Other Definitions. 
  

			
	 Term
	  	 Defined in Section

		
	“Additional Amounts”	  	4.12(a)
	“Additional Notes”	  	Recitals
	“Authorized Agent”	  	13.09
	“Change of Control Offer”	  	4.11(a)
	“Change of Control Purchase Date”	  	4.11(a)
	“Change of Control Purchase Price”	  	4.11(a)
	“Covenant Defeasance”	  	8.03
	“Defaulted Interest”	  	2.12
	“Event of Default”	  	6.01(a)
	“Excess Proceeds”	  	4.09(b)
	“Excess Proceeds Offer”	  	4.09(c)
	“Global Notes”	  	2.01(c)
	“IAI Global Note”	  	2.01(b)
	“IFRS”	  	1.04(b)
	“incorporated provision”	  	13.01
	“Incur”	  	4.06
	“Legal Defeasance”	  	8.02
	“Notes”	  	Recitals
	“Obligations”	  	10.01(a)
	“Original Notes”	  	Recitals
	“Participants”	  	2.01(b)

  
 25 

			
	 Term
	  	 Defined in Section

		
	“Paying Agent”	  	2.03
	“Payment Blockage Notice”	  	11.03(b)
	“Registrar”	  	2.03
	“Regulation S Global Note”	  	2.01(b)
	“Relevant Taxing Jurisdiction”	  	4.12(a)
	“Restricted Global Note”	  	2.01(b)
	“Restricted Payment”	  	4.08(a)
	“Security Register”	  	2.03
	“Standstill Period”	  	10.01(d)(iii)(B)
	“Surviving Entity”	  	5.01(b)(i)
	“Taxes”	  	4.12(a)
	“Transfer Agent”	  	2.03

 Section 1.03. Trust Indenture Act Terms. The following TIA terms have the following meanings as
used in this Indenture: 
 “indenture securities” means the Notes. 

“indenture securities holder” means a Holder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the “indenture securities” means the Issuer and the Guarantors. 

All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by a Commission
rule under the TIA have the meanings assigned to them by such definitions. 
 Section 1.04. Rules of Construction. Unless the
context otherwise requires: 
 (a) a term has the meaning assigned to it; 

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with International Financial Reporting Standards
(“IFRS”); 
 (c) “or” is not exclusive; 

(d) “including” or “include” means including or include without limitation; 

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

  
 26 

 (f) unsecured or unguaranteed Debt shall not be deemed to be subordinate or junior to secured or
guaranteed Debt merely by virtue of its nature as unsecured or unguaranteed Debt; and 
 (g) the words “herein”,
“hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section, clause or other subdivision. 

ARTICLE 2 
 THE
NOTES 
 Section 2.01. The Notes.  

(a) Form and Dating. The Notes and the Trustee’s certificate of authentication 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. The Notes may have notations, legends or endorsements required by law, the rules of any securities exchange
agreements to which the Issuer is subject, if any, or usage, provided that any such notation, legend or endorsement is in form reasonably acceptable to the Issuer. The Issuer shall approve the form of the Notes. Each Note shall be dated the date of
its authentication. The terms and provisions contained in the form of the Notes shall constitute and are hereby expressly made a part of this Indenture. The Notes shall be issued only in fully registered form, without coupons, and only in minimum
denominations of $200,000 in principal amount and any integral multiples of $1,000 in excess thereof. 
 (b) Global Notes. Notes
offered and sold in reliance on Regulation S shall be issued initially in the form of one or more Global Notes substantially in the form of Exhibit A hereto, with such applicable legends as are provided in Exhibit A hereto, except as otherwise
permitted herein (the “Regulation S Global Note”), which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Depository, and registered in the name of the Depository or its nominee, as the case
may be, for credit to an account of DTC or members of, or participants and account holders in DTC (“Participants”) (or, in the case of the Regulation S Global Notes, of Euroclear and Clearstream), duly executed by the Issuer and
authenticated by the Trustee (or an authenticating agent appointed by the Trustee in accordance with Section 2.02) as hereinafter provided. The aggregate principal amount of the Regulation S Global Note may from time to time be increased or
decreased by adjustments made by the Registrar on Schedule A to the Regulation S Global Note and recorded in the Security Register, as hereinafter provided. 

Notes offered and sold to QIBs in reliance on Rule 144A shall be issued initially in the form of one or more Global Notes substantially in the
form of Exhibit A hereto, with such applicable legends as are provided in Exhibit A hereto, except as otherwise permitted herein (the “Restricted Global Note”), which shall be deposited on behalf of the purchasers of the Notes
represented thereby with the Depository, and registered in the name of the Depository or its nominee, as the case may be, for credit to an account of 

  
 27 

 
DTC or Participants, duly executed by the Issuer and authenticated by the Trustee (or its agent in accordance with Section 2.02) as hereinafter provided. The aggregate principal amount of the
Restricted Global Note may from time to time be increased or decreased by adjustments made by the Registrar on Schedule A to the Restricted Global Note and recorded in the Security Register, as hereinafter provided. 

Notes transferred to Accredited Investors shall be issued initially in the form of one or more Global Notes substantially in the form of
Exhibit A hereto, with such applicable legends as are provided in Exhibit A hereto, except as otherwise permitted herein (the “IAI Global Note”), which shall be deposited on behalf of the purchasers of the Notes represented thereby
with the Depository, and registered in the name of the Depository or its nominee, as the case may be, for credit to an account of DTC or Participants, duly executed by the Issuer and authenticated by the Trustee (or its agent in accordance with
Section 2.02) as hereinafter provided. The aggregate principal amount of the IAI Global Note may from time to time be increased or decreased by adjustments made by the Registrar on Schedule A to the IAI Global Note and recorded in the Security
Register, as hereinafter provided. 
 Notes offered and sold to the Issuer or any Subsidiary of the Issuer shall be issued in the form of
certificated notes substantially in the form of Exhibit A hereto, with such applicable legends as are provided in Exhibit A hereto, except as otherwise permitted herein. Such certificated notes shall be issued as set forth in Section 2.10(b). Such
Notes may be transferred to interests in a Global Note upon transfer of such Note to someone other than the Issuer or a Subsidiary permitted hereby. 

(c) Book-Entry Provisions. This Section 2.01(c) shall apply to the IAI Global Note, Regulation S Global Note and the Restricted Global
Note (together, the “Global Notes”) deposited with or on behalf of the Depository. 
 Participants shall have no rights
under this Indenture with respect to any Global Note held on their behalf by the Depository or by the Trustee or any custodian of the Depository or under such Global Note, and the Depository or its nominee may be treated by the Issuer, a Guarantor,
the Trustee and any agent of the Issuer, a Guarantor or the Trustee as the sole owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, a Guarantor, the Trustee or any agent of
the Issuer, a Guarantor or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depository or impair, as between the Depository and the Participants, the operation of customary practices of such
persons governing the exercise of the rights of a Holder of a beneficial interest in any Global Note. 
 Subject to the provisions of
Section 2.10(b), the registered Holder of a Global Note may grant proxies and otherwise authorize any Person, including Participants and Persons that may hold interests through Participants, to take any action that a Holder is entitled to take under
this Indenture or the Notes. 

  
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 Except as provided in Section 2.10, owners of a beneficial interest in Global Notes will not be
entitled to receive physical delivery of certificated Notes. 
 Section 2.02. Execution and Authentication. An authorized member
of the Issuer’s board of directors or an executive officer of the Issuer shall sign the Notes on behalf of the Issuer by manual or facsimile signature. 

If an authorized member of the Issuer’s board of directors or an executive officer whose signature is on a Note no longer holds that
office at the time the Trustee authenticates the Note, the Note shall be valid nevertheless. 
 A Note shall not be valid or obligatory for
any purpose until an authorized signatory of the Trustee manually signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

Upon receipt of an Issuer Order, the Issuer shall execute and the Trustee shall authenticate (a) Original Notes, on the date hereof, for
original issue up to an aggregate principal amount of $250,000,000 and (b) Additional Notes, from time to time, subject to compliance at the time of issuance of such Additional Notes with the provisions of Section 4.06. Any issue of Additional
Notes that is to utilize the same ISIN or CUSIP number as a Note already issued hereunder shall be effected in a manner and under circumstances whereby (i) the issue of Additional Notes is treated as a “qualified reopening” (within
the meaning of US Treas. Reg. §1.1275-2(k)(3), or any successor provision, all as in effect at the time of the further issue) of the issue of Notes having the shared ISIN or CUSIP number, as the case may be; or (ii) the Additional Notes
are part of the same issue as the Notes already issued hereunder within the meaning of US Treas. Reg. §1.1275-1(f)(1). 
 The Trustee
may appoint an authenticating agent reasonably acceptable to the Issuer to authenticate the Notes. Unless limited by the terms of such appointment, any such authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference
in this Indenture to authentication by the Trustee includes authentication by any such agent. An authenticating agent has the same rights as any Registrar, co-Registrar Transfer Agent or Paying Agent to deal with the Issuer or an Affiliate of the
Issuer. 
 The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section 2.02 if the Trustee, being
advised by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability. 

Section 2.03. Registrar, Transfer Agent and Paying Agent. The Issuer shall maintain an office or agency for the registration of
the Notes and of their transfer or exchange (the “Registrar”), an office or agency where Notes may be transferred or exchanged (the “Transfer Agent”), an office or agency where the Notes may be presented for payment
(the “Paying Agent”) and an office or agency where notices or demands to or upon the Issuer in respect of the Notes may be served. The Issuer may appoint one or more Transfer Agents, one or more co-Registrars and one or more
additional Paying Agents. 

  
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 The Issuer shall maintain a Transfer Agent and Paying Agent in New York, New York. The Issuer may
appoint one or more Transfer Agents, one or more co-Registrars and one or more additional Paying Agents. The Issuer or any of its Affiliates may act as Transfer Agent, Registrar, co-Registrar, Paying Agent and agent for service of notices and
demands in connection with the Notes; provided, that neither the Issuer nor any of its Affiliates shall act as Paying Agent for the purposes of Articles 3 and 8 and Sections 4.09 and 4.11. 

The Issuer hereby appoints the office of Deutsche Bank Trust Company Americas in New York, New York located at the address set forth in
Section 13.02(a) as Paying Agent in New York, New York and as Registrar, and as agent for service of notices and demands in connection with the Notes. 

Subject to any applicable laws and regulations, the Issuer shall cause the Registrar to keep a register (the “Security
Register”) at its corporate trust office in which, subject to such reasonable regulations it may prescribe, the Issuer shall provide for the registration of ownership, exchange, and transfer of the Notes. Such registration in the Security
Register shall be conclusive evidence of the ownership of Notes. Included in the books and records for the Notes shall be notations as to whether such Notes have been paid, exchanged or transferred, canceled, lost, stolen, mutilated or destroyed and
whether such Notes have been replaced. In the case of the replacement of any of the Notes, the Registrar shall keep a record of the Note so replaced and the Note issued in replacement thereof. In the case of the cancellation of any of the Notes, the
Registrar shall keep a record of the Note so canceled and the date on which such Note was canceled. 
 The Issuer shall enter into an
appropriate agency agreement with any Paying Agent or co-Registrar not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such agent. The Issuer shall notify the Trustee of the name and address
of any such agent. If the Issuer fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07. 

Section 2.04. Paying Agent To Hold Money in Trust. Not later than 11:00 a.m. Eastern time on each due date of the principal,
premium, if any, and interest on any Notes, the Issuer shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due on the due date for payment under the
Notes. The Issuer shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of,
premium, if any, and interest on the Notes (whether such money has been paid to it by the Issuer or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Issuer (or any other obligor on the
Notes) in making any such payment. The Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and 

  
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the Trustee may at any time during the continuance of any payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it to the Trustee and to
account for any funds disbursed. Upon doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Issuer or any Affiliate of the Issuer acts as Paying Agent, it shall, on or before each due date of
any principal, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of
money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and shall promptly notify the Trustee of its action or failure to act. 

Section 2.05. Holder Lists. The Registrar shall preserve in as current a form as is reasonably practicable the most recent list
available to it of the names and addresses of Holders and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee, in writing no later than the Record Date for each Interest
Payment Date and at such other times as the Trustee may request in writing, a list in such form and as of such Record Date as the Trustee may reasonably require of the names and addresses of Holders, including the aggregate principal amount of Notes
held by each Holder. 
 Section 2.06. Transfer and Exchange. 

(a) Where 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 of other denominations, the Registrar shall register the transfer or make the exchange in accordance with the requirements of this Section 2.06. To permit registrations of transfers and exchanges, the Issuer shall execute
and the Trustee shall, upon receipt of an Issuer Order, authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes, of any authorized denominations and of a like aggregate principal amount, at the
Registrar’s request. No service charge shall be made for any registration of transfer or exchange of Notes (except as otherwise expressly permitted herein), but the Issuer may require payment of a sum sufficient to cover any agency fee or
similar charge payable in connection with any such registration of transfer or exchange of Notes (other than any agency fee or similar charge payable upon exchanges pursuant to Section 2.10, 3.08 or 9.05) or in accordance with an Excess Proceeds
Offer pursuant to Section 4.09 or Change of Control Offer pursuant to Section 4.11, not involving a transfer. 
 Upon presentation for
exchange or transfer of any Note as permitted by the terms of this Indenture and by any legend appearing on such Note, such Note shall be exchanged or transferred upon the Security Register and one or more new Notes shall be authenticated and issued
in the name of the Holder (in the case of exchanges only) or the transferee, as the case may be. No exchange or transfer of a Note shall be effective under this Indenture unless and until such Note has been registered in the name of such Person in
the Security Register. Furthermore, the exchange or transfer of any Note shall not be effective under this Indenture unless the request for such exchange or transfer is made by the Holder or by a duly authorized attorney-in-fact at the office of the
Registrar. 

  
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 Every Note presented or surrendered for registration of transfer or for exchange shall (if so
required by the Issuer or the Registrar) be duly endorsed, or be accompanied by a written instrument or transfer, in form satisfactory to the Issuer and the Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing.

 All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Issuer evidencing the same
indebtedness, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

Neither the Issuer nor the Trustee, Registrar or any Paying Agent shall be required (i) to issue, register the transfer of, or exchange
any Note during a period beginning at the opening of 15 Business Days before the day of the mailing of a notice of redemption of Notes selected for redemption under Section 3.02 and ending at the close of business on the day of such mailing, 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. 

(b) Notwithstanding any provision to the contrary herein, so long as a Global Note remains outstanding and is held by or on behalf of the
Depository, transfers of a Global Note, in whole or in part, or of any beneficial interest therein, shall only be made in accordance with Section 2.01(a), Section 2.01(c), Section 2.06(a) and Section 2.06(b); provided that a beneficial
interest in a Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Global Note in accordance with the transfer restrictions set forth in the restricted Note legend on the Note, if any.

 (i) Except for transfers or exchanges made in accordance with any of clauses (ii), (iii) or (iv) of this Section 2.06(b),
transfers of a Global Note shall be limited to transfers of such Global Note in whole, but not in part, to nominees of the Depository or to a successor of the Depository or such successor’s nominee. 

(ii) Restricted Global Note/IAI Global Note to Regulation S Global Note. If the Holder of a beneficial interest in the
Restricted Global Note or IAI Global Note at any time wishes to exchange its interest in such Restricted Global Note or IAI Global Note for an interest in the Regulation S Global Note, or to transfer its interest in such Restricted Global Note or
IAI Global Note to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Regulation S Global Note, such transfer or exchange may be effected, only in accordance with this clause (ii) and the rules and procedures of
the Depository. Upon receipt by the Registrar from the Transfer Agent of (A) instructions directing the Registrar to credit or cause to be credited an interest in the Regulation S Global Note in a specified principal amount and to cause to be
debited an interest in the Restricted Global Note or IAI Global Note, as the case may be, in such specified principal amount, and (B) a certificate in the form of Exhibit B attached hereto given by the Holder of such beneficial interest stating
that the transfer of such interest has been made in compliance with the transfer 

  
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restrictions applicable to the Global Notes and (x) pursuant to and in accordance with Regulation S or (y) that the Note being transferred is being transferred in a transaction
permitted by Rule 144, then the Registrar shall reduce or cause to be reduced the principal amount of the Restricted Global Note or IAI Global Note, as the case may be, and the Depository shall increase or cause to be increased the principal amount
of the Regulation S Global Note by the aggregate principal amount of the interest in the Restricted Global Note to be exchanged. 

(iii) Regulation S Global Note/IAI Global Note to Restricted Global Note. If the Holder of a beneficial interest in the
Regulation S Global Note or IAI Global Note at any time wishes to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Restricted Global Note, such transfer may be effected only in
accordance with this clause (iii) and the rules and procedures of the Depository. Upon receipt by the Registrar from the Transfer Agent of (A) instructions directing the Registrar to credit or cause to be credited an interest in the Restricted
Global Note in a specified principal amount and to cause to be debited an interest in the Regulation S Global Note or IAI Global Note, as the case may be, in such specified principal amount, and (B) a certificate in the form of Exhibit C
attached hereto given by the Holder of such beneficial interest stating that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and stating that (x) the Person transferring
such interest reasonably believes that the Person acquiring such interest is a QIB and is obtaining such interest in a transaction meeting the requirements of Rule 144A and any applicable securities laws of any state of the United States or
(y) that the Person transferring such interest is relying on an exemption other than Rule 144A from the registration requirements of the Securities Act and, in such circumstances, such Opinion of Counsel as the Issuer or the Trustee may
reasonably request to ensure that the requested transfer or exchange is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, then the Registrar shall reduce or cause to be
reduced the principal amount of the Regulation S Global Note or IAI Global Note, as the case may be, and increase or cause to be increased the principal amount of the Restricted Global Note by the aggregate principal amount of the interest in the
Regulation S Global Note to be exchanged or transferred. 
 (iv) Restricted Global Note/Regulation S Global Note to IAI
Global Note. If the Holder of a beneficial interest in the Restricted Global Note or Regulation S Global Note at any time wishes to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in
the IAI Global Note, such transfer may be effected only in accordance with this clause (iv) and the rules and procedures of the Depository. Upon receipt by the Registrar from the Transfer Agent of (A) instructions directing the Registrar to
credit or cause to be credited an interest in the IAI Global Note in a specified principal amount and to cause to be debited an interest in the Restricted Global Note or Regulation S Global Note, as the case may be, in such specified principal
amount, and (B) a certificate in the form of Exhibit D attached hereto given by the Holder 

  
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of such beneficial interest stating that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and providing the certifications,
certificates and legal opinion, if applicable, set forth in Exhibit D, then the Registrar shall reduce or cause to be reduced the principal amount of the Restricted Global Note or Regulation S Global Note, as the case may be, and increase
or cause to be increased the principal amount of the IAI Global Note by the aggregate principal amount of the interest in the Restricted Global Note or Regulation S Global Note to be exchanged or transferred. 

(c) If Notes are issued upon the transfer, exchange or replacement of Notes bearing the restricted Notes legends set forth in Exhibit A
hereto, the Notes so issued shall bear the restricted Notes legends and a request to remove such restricted Notes legends from Notes shall not be honored unless there is delivered to the Issuer such satisfactory evidence, which may include an
Opinion of Counsel licensed to practice law in the State of New York, as may be reasonably required by the Issuer, that neither the legend nor the restrictions on transfer set forth therein are required to ensure that transfers thereof comply with
the provisions of Rule 144A under the Securities Act. Upon provision of such satisfactory evidence, the Trustee, at the direction of the Issuer, shall authenticate and deliver Notes that do not bear the legend. 

(d) The Trustee shall have no responsibility for any actions taken or not taken by the Depository, Euroclear or Clearstream, as the case may
be. 
 Section 2.07. Replacement Notes. If a mutilated certificated Note is surrendered to the Registrar or if the Holder claims
that the Note has been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee shall, upon receipt of an Issuer Order, authenticate a replacement Note in such form as the Note mutilated, lost, destroyed or wrongfully taken if the
Holder satisfies any other reasonable requirements of the Issuer and any requirement of the Trustee. If required by the Trustee or the Issuer, such Holder shall furnish an indemnity bond sufficient in the judgment of the Issuer and the Trustee to
protect the Issuer, the Trustee, the Paying Agent, the Transfer Agent, the Registrar and any co-Registrar, and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Issuer and the Trustee may charge the Holder
for their expenses in replacing a Note. 
 Every replacement Note shall be an additional obligation of the Issuer. 

Section 2.08. Outstanding Notes. Notes outstanding at any time are all Notes authenticated by the Trustee except for those
cancelled by it, those delivered to it for cancellation and those described in this Section 2.08 as not outstanding. A Note does not cease to be outstanding because the Issuer or an Affiliate of the Issuer holds the Note. 

If a Note is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee and the Issuer receive proof satisfactory to
them that the Note that has been replaced is held by a bona fide purchaser. 

  
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 If the Paying Agent segregates and holds in trust, in accordance with this Indenture, on a
Redemption Date or Maturity date money sufficient to pay all principal, interest and Additional Amounts, if any, payable on that date with respect to the Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying
Agent is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture, then on and after that date such Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 

Section 2.09. Notes Held by Issuer. In determining whether the Holders of the required principal amount of Notes have concurred in
any direction or consent or any amendment, modification or other change to this Indenture, Notes owned by the Issuer or by an Affiliate of the Issuer shall be disregarded and treated as if they were not outstanding, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent or any amendment, modification or other change to this Indenture, only Notes which a Trust Officer of the Trustee actually knows are so owned
shall be so disregarded. Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgees right so to act with respect to the Notes and that the pledgee is not
the Issuer or an Affiliate of the Issuer. 
 Section 2.10. Certificated Notes. 

(a) A Global Note deposited with the Depository pursuant to Section 2.01 shall be transferred in whole to the beneficial owners thereof in the
form of certificated Notes only if such transfer complies with Section 2.06 and (i) the Depository notifies the Issuer that it is unwilling or unable to continue as the Depository for such Global Note, or if at any time the Depository ceases to
be a “clearing agency” registered under the Exchange Act and a successor Depository is not appointed by the Issuer within 90 days of such notice, or (ii) the Issuer, at its option, executes and delivers to the Trustee a notice that
such Global Note be so transferable, registrable and exchangeable, or (iii) an Event of Default, or an event which after notice or lapse of time or both would be an Event of Default, has occurred and is continuing with respect to the Notes or
(iv) such transfer is to the Issuer or an affiliate of the Issuer. Notice of any such transfer shall be given by the Issuer in accordance with the provisions of Section 13.02(a). 

(b) Any Global Note that is transferable to the beneficial owners thereof in the form of certificated Notes pursuant to this Section 2.10
shall be surrendered by the Depository to the Transfer Agent, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion of such Global Note, an
equal aggregate principal amount at Maturity of Notes of authorized denominations in the form of certificated Notes. Any portion of a Global Note transferred or exchanged pursuant to this Section 2.10 shall be executed, authenticated and delivered
only in fully registered form in denominations of $200,000 and $1,000 in integral multiples thereof and registered in such names as the Depository shall direct. Subject to the foregoing, a Global Note is not exchangeable except for a Global Note of
like denomination to be registered in the name of the Depository or its nominee or the Depository or its nominee. In the event that a Global Note becomes 

  
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exchangeable for certificated Notes, payment of principal, premium, if any, and interest on the certificated Notes will be payable, and the transfer of the certificated Notes will
be registrable, at the office or agency of the Issuer maintained for such purposes in accordance with Section 2.03. Such certificated Notes shall bear the applicable legends set forth in Exhibit A hereto. 

(c) If a Note in certificated form is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such
Note in certificated form, (y) record an increase in the principal amount of such Global Note equal to the principal amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less than the entire principal
amount of the canceled Note in certificated form, deliver to the Holder thereof one or more new Notes in certificated form in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the
canceled Note in certificated form, registered in the name of the Holder thereof. 
 (d) In the event of the occurrence of any of the events
specified in Section 2.10(a), the Issuer will promptly make available to the Trustee a reasonable supply of certificated Notes in definitive, fully registered form without interest coupons. 

Section 2.11. Cancellation. The Issuer at any time may deliver Notes to the Trustee for cancellation. The Registrar and the Paying
Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee, in accordance with its customary procedures, and no one else shall cancel (subject to the record retention requirements
of the Exchange Act and the Trustee’s retention policy) all Notes surrendered for registration of transfer, exchange, payment or cancellation and dispose of such cancelled Notes in its customary manner. Except as otherwise provided in this
Indenture the Issuer may not issue new Notes to replace Notes it has redeemed, paid or delivered to the Trustee for cancellation. 
 Section
2.12. Defaulted Interest. Any interest on any Note that is payable, but is not punctually paid or duly provided for, on the dates and in the manner provided in the Notes and this Indenture (all such interest herein called “Defaulted
Interest”) shall forthwith cease to be payable to the Holder on the relevant Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Issuer, at its election in each case, as provided in clause (a) or
(b) below: 
 (a) The Issuer may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes are registered at
the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Issuer shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each
Note and the date of the proposed payment, and at the same time the Issuer may deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest; or shall make arrangements
satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. In 

  
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addition, the Issuer shall fix a special record date for the payment of such Defaulted Interest, such date to be not more than 15 days and not less than 10 days prior to the proposed payment date
and not less than 15 days after the receipt by the Trustee of the notice of the proposed payment date. The Issuer shall promptly but, in any event, not less than 15 days prior to the special record date, notify the Trustee of such special record
date and, in the name and at the expense of the Issuer, the Trustee shall cause notice of the proposed payment date of such Defaulted Interest and the special record date therefor to be mailed first- class, postage prepaid to each Holder as such
Holder’s address appears in the Security Register, not less than 10 days prior to such special record date. Notice of the proposed payment date of such Defaulted Interest and the special record date therefor having been so mailed, such
Defaulted Interest shall be paid to the Persons in whose names the Notes are registered at the close of business on such special record date and shall no longer be payable pursuant to clause (b) below. 

(b) The Issuer may make payment of any Defaulted Interest on the Notes in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Issuer to the Trustee of the proposed payment date pursuant to this clause, such manner of payment
shall be deemed reasonably practicable. 
 Subject to the foregoing provisions of this Section 2.12, 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 2.13. Computation of Interest. Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day
months. 
 Section 2.14. ISIN and CUSIP Numbers. The Issuer in issuing the Notes may use ISIN or CUSIP numbers (if then
generally in use), and, if so, the Trustee shall use ISIN or CUSIP numbers, as appropriate, in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of
such numbers or codes 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 Issuer shall promptly notify the Trustee of any change in the ISIN or CUSIP numbers. 

Section 2.15. Issuance of Additional Notes. The Issuer may, subject to Section 4.06 of this Indenture, issue Additional Notes
under this Indenture in accordance with the procedures of Section 2.02. The Original Notes issued on the date of this Indenture and any Additional Notes subsequently issued shall be treated as a single class for all purposes under this Indenture.

  
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 ARTICLE 3 

REDEMPTION; OFFERS TO PURCHASE 

Section 3.01. Right of Redemption. The Issuer may redeem all or any portion of the Notes upon the terms and at the Redemption
Prices set forth in the Notes. Any redemption pursuant to this Section 3.01 shall be made pursuant to the provisions of this Article 3. 

Section 3.02. Notices to Trustee. If the Issuer elects to redeem Notes pursuant to Section 3.01, it shall notify the Trustee in
writing of the Redemption Date, the principal amount of Notes to be redeemed, the Redemption Price and the paragraph of the Notes pursuant to which the redemption will occur. 

The Issuer shall give each notice to the Trustee provided for in this Section 3.02 in writing at least 10 days before the date notice is
mailed to the Holders pursuant to Section 3.04 unless the Trustee consents to a shorter period. Such notice shall be accompanied by an Officer’s Certificate from the Issuer to the effect that such redemption will comply with the conditions
herein. If fewer than all the Notes are to be redeemed, the record date relating to such redemption shall be selected by the Issuer and given to the Trustee, which record date shall be not less than 15 days after the date of notice to the Trustee.

 Section 3.03. Selection of Notes To Be Redeemed. If the Issuer is redeeming less than all of the Notes issued by it at any
time, the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any securities exchange, in compliance with the requirements of the principal national securities exchanges on which the Notes are listed, or (b) if the
Notes are not listed on a securities exchange, on a pro rata basis to the extent practicable or by lot or by such other method as the Trustee in its sole discretion shall deem fair and appropriate; provided that no such partial redemption
shall reduce the portion of the principal amount of a Note not redeemed to less than $200,000. 
 The Trustee shall make the selection from
the Notes outstanding and not previously called for redemption. The Trustee may select for redemption portions equal to $1,000 in principal amount or any integral multiple thereof; provided that no such partial redemption shall reduce the
portion of the principal amount of a Note not redeemed to less than $200,000. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The Trustee shall notify the Issuer and the
Registrar promptly in writing of the Notes or portions of Notes to be called for redemption. 
 Section 3.04. Notice of
Redemption. 
 (a) At least 30 days but not more than 60 days before a date for redemption of Notes, the Issuer shall mail a notice of
redemption by first-class mail, postage prepaid, to each Holder of a Note to be redeemed at such Holder’s registered address or otherwise in accordance with the procedures of DTC, and shall comply with the provisions of Section 13.02(b), except
that a redemption notice may be mailed more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture. 

  
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 (b) The notice shall identify the Notes to be redeemed (including ISIN or CUSIP numbers) and
shall state: 
 (i) the Redemption Date; 

(ii) the appropriate calculation of the Redemption Price and the amount of accrued interest, if any, and Additional Amounts, if
any, to be paid; 
 (iii) the name and address of the Paying Agent; 

(iv) that Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price plus accrued
interest, if any, and Additional Amounts, if any; 
 (v) that, if any Note is being redeemed in part, the portion of the
principal amount (equal to $1,000 in principal amount or any integral multiple thereof) of such Note to be redeemed and that, on and after the Redemption Date, upon surrender of such Note, a new Note or Notes in principal amount equal to the
unredeemed portion thereof will be reissued; 
 (vi) that, if any Note contains an ISIN or CUSIP number, no representation is
being made as to the correctness of such ISIN or CUSIP number either as printed on the Notes or as contained in the notice of redemption and that reliance may be placed only on the other identification numbers printed on the Notes; 

(vii) that, unless the Issuer and the Guarantors default in making such redemption payment, interest on the Notes (or portion
thereof) called for redemption shall cease to accrue on and after the Redemption Date; and 
 (viii) the paragraph of the
Notes pursuant to which the Notes called for redemption are being redeemed. 
 At the Issuer’s written request, the Trustee shall give
a notice of redemption in the Issuer’s name and at the Issuer’s expense. In such event, the Issuer shall provide the Trustee with the notice and the other information required by this Section 3.04. 

Section 3.05. [Reserved].  

Section 3.06. Deposit of Redemption Price. On or prior to any Redemption Date, the Issuer shall deposit or cause to be deposited
with the Paying Agent (or, if the Issuer or an Affiliate of the Issuer is the Paying Agent, shall segregate and hold in trust) a sum in same day funds sufficient to pay the Redemption Price of and accrued interest and Additional Amounts, if any, on
all Notes to be redeemed on that date other than Notes or portions of Notes called for redemption that have previously been delivered by the Issuer to the Trustee for cancellation. The Paying Agent shall return to the Issuer any money so deposited
that is not required for that purpose. 

  
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 Section 3.07. Payment of Notes Called for Redemption. If notice of redemption has
been given in the manner provided below, the Notes or portion of Notes specified in such notice to be redeemed shall become due and payable on the Redemption Date at the Redemption Price stated therein, together with accrued interest to such
Redemption Date, and on and after such date (unless the Issuer shall default in the payment of such Notes at the Redemption Price and accrued interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the
Redemption Date at the rate prescribed in the Notes) such Notes shall cease to accrue interest. Upon surrender of any Note for redemption in accordance with a notice of redemption, such Note shall be paid and redeemed by the Issuer at the Redemption
Price, together with accrued interest, if any, to the Redemption Date; provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of
business on the relevant Record Date. 
 Notice of redemption shall be deemed to be given when mailed, whether or not the Holder receives
the notice. In any event, failure to give such notice, or any defect therein, shall not affect the validity of the proceedings for the redemption of Notes held by Holders to whom such notice was properly given. 

Section 3.08. Notes Redeemed in Part. 

(a) Upon surrender of a Global Note that is redeemed in part, the Paying Agent shall forward such Global Note to the Trustee who shall make a
notation on the Security Register to reduce the principal amount of such Global Note to an amount equal to the unredeemed portion of the Global Note surrendered; provided that each such Global Note shall be in a principal amount at final
Stated Maturity of $200,000 or an integral multiple of $1,000 in excess thereof. 
 (b) Upon surrender and cancellation of a certificated
Note that is redeemed in part, the Issuer shall execute and the Trustee shall authenticate for the Holder (at the Issuer’s expense) a new Note equal in principal amount to the unredeemed portion of the Note surrendered and canceled;
provided that each such certificated Note shall be in a principal amount at final Stated Maturity of $200,000 or an integral multiple of $1,000 in excess thereof. 

ARTICLE 4 

COVENANTS 

Section 4.01. Payment of Notes. The Issuer and the Guarantors covenant and agree for the benefit of the Holders that they shall
duly and punctually pay the principal of, premium, if any, interest and Additional Amounts, if any, on the Notes on the dates and in the manner provided in the Notes and in this Indenture. Principal, premium, if any, interest and Additional Amounts,
if any, shall be considered paid on the date due if on such date the Trustee or the Paying Agent (other than the Issuer or any of its Affiliates) 

  
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holds, as of 11:00 a.m. Eastern time on the due date, in accordance with this Indenture, money sufficient to pay all principal, premium, if any, interest and Additional Amounts, if any, then due.
If the Issuer or any of its Affiliates acts as Paying Agent, principal, premium, if any, interest and Additional Amounts, if any, shall be considered paid on the due date if the entity acting as Paying Agent complies with Section 2.04. 

The Issuer or the Guarantors shall pay interest on overdue principal at the rate specified therefor in the Notes. The Issuer or the Guarantors
shall pay interest on overdue installments of interest at the same rate to the extent lawful. 
 Section 4.02. Corporate
Existence. Subject to Article 5, the Issuer and each Restricted Subsidiary shall do or cause to be done all things necessary to preserve and keep in full force and effect their corporate, partnership, limited liability company or other existence
and the rights (charter and statutory), licenses and franchises of the Issuer and each Restricted Subsidiary; provided that the Issuer shall not be required to preserve any such right, license or franchise if the board of directors of the
Issuer shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Issuer and the Restricted Subsidiaries as a whole and that the loss thereof is not disadvantageous in any material respect to the
Holders. 
 Section 4.03. Maintenance of Properties. The Issuer shall cause all properties owned by it or any Restricted
Subsidiary or used or held for use in the conduct of its business or the business of any Restricted Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and shall cause to be made
all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Issuer may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all
times; provided that nothing in this Section 4.03 shall prevent the Issuer from discontinuing the maintenance of any such properties if such discontinuance is, in the judgment of the Issuer, desirable in the conduct of the business of
the Issuer and the Restricted Subsidiaries as a whole and not disadvantageous in any material respect to the Holders. 
 Section 4.04.
Insurance. The Issuer shall maintain, and shall cause the Restricted Subsidiaries to maintain, insurance with carriers believed by the Issuer to be responsible, against such risks and in such amounts, and with such deductibles, retentions,
self-insured amounts and coinsurance provisions, as the Issuer believes are customarily carried by businesses similarly situated and owning like properties, including as appropriate general liability, property and casualty loss and interruption of
business insurance. 
 Section 4.05. Statement as to Compliance. 

(a) The Issuer shall deliver to the Trustee, within 120 days after the end of each fiscal year, an Officer’s Certificate stating that in
the course of the performance by the signer of its duties as an officer of the Issuer he would normally have knowledge of any Default and whether or not the signer knows of any Default that occurred during such

  
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period and if any specifying such Default, its status and what action the Issuer is taking or proposed to take with respect thereto. For purposes of this Section 4.05(a), such compliance shall be
determined without regard to any period of grace or requirement of notice under this Indenture. 
 (b) If the Issuer shall become aware that
(i) any Default or Event of Default has occurred and is continuing or (ii) any Holder seeks to exercise any remedy hereunder with respect to a claimed Default under this Indenture or the Notes, the Issuer shall immediately deliver to the
Trustee an Officer’s Certificate specifying such event, notice or other action (including any action the Issuer is taking or proposed to take in respect thereof). 

Section 4.06. Limitation on Debt. 

(a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, create, issue, incur, assume, guarantee or in any manner become
directly or indirectly liable with respect to or otherwise become responsible for, contingently or otherwise, the payment of (individually and collectively, to “Incur” or, as appropriate, an “Incurrence”), any Debt
(including any Acquired Debt); provided that the Issuer and any Restricted Subsidiary shall be permitted to incur Debt (including Acquired Debt) if at the time of such Incurrence and after giving effect to the Incurrence of such Debt and the
application of the proceeds thereof, on a pro forma basis, the Leverage Ratio would be less than 4.0 to 1.0. 
 (b) This covenant shall not,
however, prohibit the following (collectively, “Permitted Debt”): 
 (i) the Incurrence by the Issuer or any
Restricted Subsidiary in reliance on this clause (i) of Debt under Credit Facilities in an aggregate principal amount at any one time outstanding not to exceed $425.0 million minus, in either case, the amount of any permanent repayments or
prepayments of such Debt with the proceeds of Asset Sales made in accordance with Section 4.09 (but only to the extent of any corresponding commitment reduction if such Debt is revolving credit borrowings); 

(ii) the Incurrence by the Issuer of Debt pursuant to the Notes (other than Additional Notes) and the Incurrence of Debt by the
Guarantors pursuant to the Guarantees; 
 (iii) any Debt of the Issuer or any Restricted Subsidiary (other than Debt
described in another clause of this paragraph) outstanding on the date of this Indenture; 

  
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 (iv) the Incurrence by the Issuer or any Restricted Subsidiary of intercompany
Debt between the Issuer and any Restricted Subsidiary or between or among Restricted Subsidiaries; provided that 

(A) if the Issuer or a Guarantor is the obligor on any such Debt, unless required by a Credit Facility, it is unsecured; and

 (B) (x) any disposition, pledge or transfer of any such Debt to a Person (other than a disposition, pledge or transfer to
the Issuer or a Restricted Subsidiary) and (y) any transaction pursuant to which any Restricted Subsidiary that has Debt owing to the Issuer or another Wholly Owned Restricted Subsidiary ceases to be a Restricted Subsidiary, will, in each case,
be deemed to be an Incurrence of such Debt not permitted by this clause (iv); 
 (v) guarantees of the Issuer’s Debt or
Debt of any Restricted Subsidiary by the Issuer or any Restricted Subsidiary that are permitted by and made in accordance with the provisions of Section 4.15; 

(vi) the Incurrence by the Issuer or any Restricted Subsidiary of Debt represented by Capitalized Lease Obligations, mortgage
financings, purchase money obligations or other Debt Incurred or assumed for the purpose of financing or refinancing all or any part of the purchase price, lease expense or cost of any property or asset, tangible or intangible, including network
assets (including switches, towers, software, rights-of-way, intellectual property, licenses, concessions, spectrum and other intangibles and facilities to house network assets) used in the Issuer’s or any Restricted Subsidiary’s business
and the capital stock or similar ownership interest of any Person engaged in substantially the same line of business as the Issuer and its Restricted Subsidiaries or reasonably related or ancillary thereto (including the cost of design, development,
acquisition, construction (including capitalized interest), installation, improvement, transportation, integration and prepaid maintenance and all reasonable related fees or expenses); provided that the principal amount of such Debt so
Incurred when aggregated with other Debt previously Incurred in reliance on this clause (vi) (and Permitted Refinancing Debt with respect thereto) and still outstanding shall not in the aggregate exceed $100.0 million; and provided further
that the total principal amount of any Debt Incurred under this clause (vi) did not in each case at the time of Incurrence exceed (A) the Fair Market Value of the acquired or constructed asset or improvement so financed or (B) in the case
of an uncompleted asset under construction, the amount of the asset to be constructed, as determined on the date the contract for construction of such asset was entered into by the Issuer or the relevant Restricted Subsidiary (plus, in each case,
the cost of design, development, acquisition, construction (including capitalized interest), installation, improvement, transportation, integration and prepaid maintenance and all reasonable related fees and expenses Incurred in connection with such
acquisition, construction or development); 
 (vii) the Incurrence by the Issuer or any Restricted Subsidiary of Debt arising
from agreements providing for guarantees, indemnities or obligations in respect of purchase price adjustments in connection with the acquisition or disposition of assets, including, without limitation, shares of Capital Stock, other

  
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than guarantees or similar credit support given by the Issuer or any Restricted Subsidiary of Debt Incurred by any Person acquiring all or any portion of such assets for the purpose of financing
such acquisition; 
 (viii) the Incurrence by the Issuer or any Restricted Subsidiary of Debt under Currency Agreements
entered into in the ordinary course of business and not for speculative purposes; 
 (ix) the Incurrence by the Issuer or any
Restricted Subsidiary of Debt under Interest Rate Agreements entered into in the ordinary course of business and not for speculative purposes; 

(x) the Incurrence of Debt by the Issuer or any Restricted Subsidiary of Debt in respect of workers’ compensation and
claims arising under similar legislation, or pursuant to self-insurance obligations and not in connection with the borrowing of money or the obtaining of advances or credit; 

(xi) the Incurrence of Debt by the Issuer or any Restricted Subsidiary arising from (A) the honoring by a bank or other
financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided that such Debt is extinguished within 5
Business Days of Incurrence, (B) bankers’ acceptances, performance, surety, judgment, appeal or similar bonds, instruments or obligations, (C) completion guarantees provided or letters of credit obtained by the Issuer or any
Restricted Subsidiary in the ordinary course of business; and (D) the financing of insurance premiums in the ordinary course of business; 

(xii) the Incurrence by a Person of Permitted Refinancing Debt in exchange for or the net proceeds of which are used to refund,
replace or refinance Debt Incurred by it pursuant to, or described in, paragraphs (a), (b)(ii), (b)(iii) and (b)(iv) of this Section 4.06, as the case may be; and 

(xiii) the incurrence of Debt by the Issuer or any Restricted Subsidiary in an aggregate amount at any time outstanding not to
exceed the greater of (i) $100.0 million and (ii) 5% of Total Assets. 
 (c) Notwithstanding any other provision of this Section
4.06, for purposes of determining compliance with this Section 4.06, increases in Debt solely due to fluctuations in the exchange rates of currencies will not be deemed to exceed the maximum amount that the Issuer or a Guarantor may Incur under this
Section 4.06. 
 (d) For purposes of determining any particular amount of Debt under this Section 4.06: 

(i) obligations with respect to letters of credit, guarantees or Liens, in each case supporting Debt otherwise included in the
determination of such particular amount shall not be included; 

  
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 (ii) any Liens granted pursuant to the equal and ratable provisions referred to
in Section 4.07 will not be treated as Debt; and 
 (iii) accrual of interest, accrual of dividends, the accretion of
accreted value, the obligation to pay commitment fees and the payment of interest in the form of additional Debt will not be treated as Debt. 

(e) In the event that an item of Debt meets the criteria of more than one of the types of Debt described in this Section 4.06, the Issuer, in
its sole discretion, shall classify items of Debt and shall only be required to include the amount and type of such Debt in one of such clauses and the Issuer shall be entitled to divide and classify an item of Debt in more than one of the types of
Debt described in this Section 4.06, and may change the classification of an item of Debt (or any portion thereof) to any other type of Debt described in this Section 4.06 at any time. 

(f) The Guarantors will not Incur, create, issue, assume, guarantee or otherwise become liable for any Debt that is subordinate or junior in
right of payment to any Senior Debt of the Guarantors and senior in any respect in right of payment to the Guarantees or any other Pari Passu Debt of the Guarantors, provided that the foregoing limitation will not apply to distinctions
between categories of Senior Debt that exist by reason of any Liens or guarantees arising or created in respect of some but not all of such Senior Debt. 

(g) The Issuer will not, and will not permit any Restricted Subsidiary to, Incur (i) Debt secured by a Lien on any assets of the Issuer,
(ii) Senior Debt of a Guarantor or (iii) Debt of a Restricted Subsidiary that is not a Guarantor, other than, in each case, Permitted Debt (other than Permitted Debt Incurred under clause (b)(i) of Section 4.06), if, at the time of such
Incurrence and after giving effect to the Incurrence of such Debt and the application of the proceeds thereof, on a pro forma basis, the Priority Debt Leverage Ratio would be greater than 3.00 to 1.0. 

Section 4.07. Limitation on Liens. 

(a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create, Incur, assume or suffer to exist
any Lien of any kind (except for Permitted Liens) or assign or otherwise convey any right to receive any income, profits or proceeds on or with respect to any of the Issuer’s or any Restricted Subsidiary’s property or assets, including any
shares or stock or Debt of any Restricted Subsidiary, whether owned at or acquired after the date of this Indenture, or any income, profits or proceeds therefrom unless: 

(i) in the case of any Lien securing Subordinated Debt, the Issuer’s obligations in respect of the Notes, the obligations
of the Guarantors under the Guarantees, and all other amounts due under this Indenture are directly secured by a Lien on such property, assets or proceeds that is senior in priority to the Lien securing the Subordinated Debt until such time as the
Subordinated Debt is no longer secured by a Lien; and 
 (ii) in the case of any other Lien, the Issuer’s obligations in
respect of the Notes, the obligations of the Guarantors under the Guarantees, and all other amounts due under this Indenture are equally and ratably secured with the obligation or liability secured by such Lien. 

  
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 (b) No Guarantor will, directly or indirectly, create, incur, assume or suffer to exist any Lien
of any kind (except for Permitted Liens and any Liens securing Senior Debt) or assign or otherwise convey any right to receive any income, profits or proceeds on or with respect to any of the Issuer’s or any Restricted Subsidiary’s
property or assets, including any shares or stock or Debt of any Restricted Subsidiary, whether owned at or acquired after the date of this Indenture, or any income, profits or proceeds therefrom unless: 

(i) in the case of any Lien securing Subordinated Debt, the obligations of the Guarantor under its Guarantee are directly
secured by a Lien on such property, assets or proceeds that is senior in priority to the Lien securing the Subordinated Debt until such time as the Subordinated Debt is no longer secured by a Lien; and 

(ii) in the case of any other Lien, the obligations of the Guarantor under its Guarantee are equally and ratably secured with
the obligation or liability secured by such Lien. 
 Section 4.08. Limitation on Restricted Payments. 

(a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, take any of the following actions (each
of which is a “Restricted Payment” and which are collectively referred to as “Restricted Payments”): 

(i) declare or pay any dividend on or make any distribution (whether made in cash, securities or other property) with respect
to any of the Issuer’s or any Restricted Subsidiary’s Capital Stock (including, without limitation, any payment in connection with any merger or consolidation involving the Issuer or any Restricted Subsidiary) (other than (A) to the
Issuer or any Restricted Subsidiary or (B) to all holders of Capital Stock of such Restricted Subsidiary on a pro rata basis or on a basis that results in the receipt by the Issuer or a Restricted Subsidiary of dividends or distributions of
greater value than the Issuer or such Restricted Subsidiary would receive on a pro rata basis, except for dividends or distributions payable solely in shares of the Issuer’s Qualified Capital Stock or in options, warrants or other rights to
acquire such shares of Qualified Capital Stock; 
 (ii) purchase, redeem or otherwise acquire or retire for value (including,
without limitation, in connection with any merger or consolidation), directly or indirectly, any shares of the Issuer’s Capital Stock or any Capital Stock of any Affiliate of the Issuer held by persons other than the Issuer or a Restricted
Subsidiary (other than Capital Stock of any Restricted Subsidiary or any entity that becomes a Restricted Subsidiary as a result thereof) or any options, warrants or other rights to acquire such shares of Capital Stock; 

  
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 (iii) make any principal payment on, or repurchase, redeem, defease or otherwise
acquire or retire for value, prior to any scheduled principal payment, sinking fund payment or Maturity, any Subordinated Debt; or 

(iv) make any Investment (other than any Permitted Investment) in any Person. 

If any Restricted Payment described above is not made in cash, the amount of the proposed Restricted Payment shall be the Fair Market Value of
the asset to be transferred as of the date of transfer. 
 (b) Notwithstanding paragraph (a) above, the Issuer or any Restricted Subsidiary
may make a Restricted Payment if, at the time of and after giving pro forma effect to such proposed Restricted Payment: 

(i) no Default or Event of Default has occurred and is continuing or would occur as a result of such Restricted Payment; 

(ii) the Issuer could Incur at least $1.00 of additional Debt (other than Permitted Debt) pursuant to Section 4.06; and 

(iii) the aggregate amount of all Restricted Payments declared or made after the date of the Existing 8.25% Indenture does not
exceed the sum of: 
 (A) an amount equal to (x) aggregate EBITDA on a cumulative basis during the period beginning on
January 1, 2009 and ending on the last day of the Issuer’s last fiscal quarter ending prior to the date of such proposed Restricted Payment (or, if such aggregate cumulative EBITDA shall be a negative number, minus 100% of such negative
amount) less (y) the product of (i) 1.75 and (ii) aggregate Consolidated Interest Expense during such period, plus 

(B) the aggregate Net Cash Proceeds received by the Issuer after the date of the Existing 8.25% Indenture as capital
contributions or from the issuance or sale (other than to any Subsidiary) of shares of the Issuer’s Qualified Capital Stock (including upon the exercise of options, warrants or rights) or warrants, options or rights to purchase shares of the
Issuer’s Qualified Capital Stock (except, in each case to the extent such proceeds are used to purchase, redeem or otherwise retire Capital Stock or Subordinated Debt as set forth in clause (ii) or (iii) of paragraph (c) below) (excluding the
Net Cash Proceeds from the issuance of the Issuer’s Qualified Capital Stock financed, directly or indirectly, using funds borrowed from the Issuer or any Subsidiary until and to the extent such borrowing is repaid), plus 

  
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 (C) (x) the amount by which the Issuer’s Debt or Debt of any Restricted
Subsidiary is reduced on the Issuer’s consolidated balance sheet after the date of the Existing 8.25% Indenture upon the conversion or exchange (other than by the Issuer or its Subsidiary) of such Debt into the Issuer’s Qualified Capital
Stock, and (y) the aggregate Net Cash Proceeds received after the date of the Existing 8.25% Indenture by the Issuer from the issuance or sale (other than to any Subsidiary) of Redeemable Capital Stock that has been converted into or exchanged
for the Issuer’s Qualified Capital Stock, to the extent such Redeemable Capital Stock was originally sold for cash or Cash Equivalents, together with, in the case of both clauses (x) and (y), the aggregate Net Cash Proceeds received by the
Issuer at the time of such conversion or exchange (excluding the Net Cash Proceeds from the issuance of the Issuer’s Qualified Capital Stock financed, directly or indirectly, using funds borrowed from the Issuer or any Subsidiary until and to
the extent such borrowing is repaid), plus 
 (D) (x) in the case of the disposition or repayment of any Investment
constituting a Restricted Payment made after the date of the Existing 8.25% Indenture, an amount (to the extent not included in Consolidated Net Income) equal to the lesser of the return of capital with respect to such Investment and the initial
amount of such Investment, in either case, less the cost of the disposition of such Investment and net of taxes, and (y) in the case of the designation of an Unrestricted Subsidiary as a Restricted Subsidiary (as long as the designation of such
Subsidiary as an Unrestricted Subsidiary was deemed a Restricted Payment), the Fair Market Value of the Issuer’s interest in such Subsidiary. 

(c) Notwithstanding paragraphs (a) and (b) above, the Issuer and any Restricted Subsidiary may take the following actions so long as (with
respect to clauses (ii) through (vi) and clauses (viii) and (xii) below) no Default or Event of Default has occurred and is continuing: 

(i) the payment of any dividend within 60 days after the date of its declaration if at such date of its declaration such
payment would have been permitted by the provisions of this Section 4.08; 
 (ii) the repurchase, redemption or other
acquisition or retirement for value of any shares of the Issuer’s Capital Stock or options, warrants or other rights to acquire such Capital Stock in exchange for (including any such exchange pursuant to the exercise of a conversion right or
privilege in connection with which cash is paid in lieu of the issuance of fractional shares or scrip), or out of the Net Cash Proceeds of a substantially concurrent issuance and sale (other than to a Subsidiary) of, shares of the Issuer’s
Qualified Capital Stock or options, warrants or other rights to acquire such Capital Stock; 

  
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 (iii) the repurchase, redemption, defeasance or other acquisition or retirement
for value or payment of principal of any Subordinated Debt in exchange for, or out of the Net Cash Proceeds of a substantially concurrent issuance and sale (other than to a Subsidiary) of, shares of the Issuer’s Qualified Capital Stock; 

(iv) the purchase, redemption, defeasance or other acquisition or retirement for value of Subordinated Debt (other than
Redeemable Capital Stock) in exchange for, or out of the Net Cash Proceeds of a substantially concurrent Incurrence (other than to a Subsidiary) of, Permitted Refinancing Debt; 

(v) the repurchase of Capital Stock deemed to occur upon the exercise of stock options or warrants with respect to which
payment of the cash exercise price has been forgiven if the cumulative aggregate value of such deemed repurchases does not exceed the cumulative aggregate amount of the exercise price of such options received; 

(vi) payments or distributions to dissenting shareholders pursuant to applicable law in connection with or in contemplation of
a merger, consolidation or transfer of assets that complies with the provisions of Article 5; 
 (vii) cash payments in lieu
of issuing fractional shares pursuant to the exchange or conversion of any exchangeable or convertible securities; 
 (viii)
the purchase, redemption, acquisition, cancellation or other retirement for value of shares of Capital Stock of the Issuer, options on any such shares or related stock appreciation rights or similar securities held by directors, officers or
employees (or their estates or beneficiaries under their estates), upon death, disability, retirement, termination of employment or pursuant to any agreement under which such shares of stock or related rights were issued; provided that the
aggregate cash consideration paid pursuant to this clause (viii) for such purchase, redemption, acquisition, cancellation or other retirement of such shares of Capital Stock or related rights after the date of this Indenture does not exceed
$5.0 million in any fiscal year of the Issuer (with unused amounts in any fiscal year being permitted to be carried over for the next succeeding fiscal year); 

(ix) Investments in Persons conducting a telecommunications business; provided that the total aggregate amount of such
Investments made under this clause (ix) does not exceed in the aggregate $50.0 million (after giving effect to any reductions in the amount of any such Investments as a result of the repayment or other disposition thereof, or designation of the
Person in which the Investment was made as a Restricted Subsidiary, the amount of such reduction not to exceed the amount of such Investments previously made pursuant to this clause (ix)); 

(x) [Reserved]; 

  
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 (xi) the payment of any dividend or distribution to, or the making of any
Investment in, Digicel Group Limited the proceeds of which are used for the purpose of (A) the payment of interest (excluding default interest) on the DGL Notes as the same becomes due in accordance with the terms thereof on the date of this
Indenture or (B) the funding of the commitments of Digicel Group Limited under that certain Credit Agreement entered into on December 22, 2008, between Digicel (Central America) Group Limited, as borrower, and Digicel Group Limited, as
lender and administrative agent, in an aggregate amount not to exceed $50.0 million; 
 (xii) the repayment, redemption or
other retirement of the DGL Notes (or any dividend or distribution to Digicel Group Limited to fund such repayment, redemption or retirement); provided, that on a pro forma basis, after giving effect to any Debt incurred in connection therewith, the
Net Leverage Ratio would be less than 2.0 to 1.0; and 
 (xiii) other Restricted Payments in an aggregate amount not to
exceed $25.0 million. 
 The actions described in clauses (i), (vi), (vii), (viii), (ix), (xi)(A), (xii) and (xiii) of this paragraph (c)
are Restricted Payments that will be permitted to be made in accordance with this paragraph (c) but that reduce the amount that would otherwise be available for Restricted Payments under clause (iii) of paragraph (b) above. 

Section 4.09. Limitation on Sale of Certain Assets. 

(a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, consummate any Asset Sale unless: 

(i) the consideration the Issuer or such Restricted Subsidiary receives for such Asset Sale is not less than the Fair Market
Value of the assets sold; 
 (ii) at least 75% of the consideration the Issuer or such Restricted Subsidiary receives in
respect of such Asset Sale consists of (A) cash (including any Net Cash Proceeds received from the conversion within 60 days of such Asset Sale of securities, notes or other obligations received in consideration of such Asset Sale);
(B) Cash Equivalents; (C) the assumption by the purchaser of (x) the Issuer’s Debt or Debt of any Restricted Subsidiary (other than Subordinated Debt) as a result of which neither the Issuer nor any of the Restricted Subsidiaries
remains obligated in respect of such Debt or (y) Debt of a Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Sale, if the Issuer and each other Restricted Subsidiary is released from any guarantee of such
Debt as a result of such Asset Sale; (D) Replacement Assets; or (E) a combination of the consideration specified in clauses (A)(D) to (D); and 

(iii) the Issuer delivers an Officer’s Certificate to the Trustee certifying that such Asset Sale complies with the
provisions described in the foregoing clauses (i) and (ii). 

  
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 (b) If the Issuer or any Restricted Subsidiary consummates an Asset Sale, the Net Cash
Proceeds of the Asset Sale, within 360 days after the consummation of such Asset Sale, may be used by the Issuer or such Restricted Subsidiary to (i) permanently repay or prepay any then outstanding Debt of the Issuer or a Guarantor (other than
Subordinated Debt), or any Restricted Subsidiary (and to effect a corresponding commitment reduction if such Senior Debt is revolving credit borrowings) owing to a Person other than the Issuer or a Restricted Subsidiary, or (ii) invest in any
Replacement Assets, or (iii) any combination of the foregoing. The amount of such Net Cash Proceeds not so used as set forth in this paragraph (b) constitutes “Excess Proceeds”. Pending the final application of any such Net
Cash Proceeds, the Issuer may temporarily reduce revolving credit borrowings or otherwise invest such Net Cash Proceeds in any manner that is not prohibited by the terms of this Indenture. 

(c) When the aggregate amount of Excess Proceeds exceeds $50.0 million, the Issuer shall, within 20 Business Days, make an offer to
purchase (an “Excess Proceeds Offer”) from all Holders and from the holders of any Pari Passu Debt, to the extent required by the terms thereof, on a pro rata basis, in accordance with the procedures set forth in this Indenture or
the agreements governing any such Pari Passu Debt, the maximum principal amount (expressed as a multiple of $1,000) of the Notes and any such Pari Passu Debt that may be purchased with the amount of the Excess Proceeds. The offer price as to each
Note and any such Pari Passu Debt will be payable in cash in an amount equal to (solely in the case of the Notes) 100% of the principal amount of such Note and (solely in the case of Pari Passu Debt) no greater than 100% of the principal amount (or
accreted value, as applicable) of such Pari Passu Debt, plus in each case accrued and unpaid interest, if any, to the date of purchase. 

To the extent that the aggregate principal amount of Notes and any such Pari Passu Debt tendered pursuant to an Excess Proceeds Offer is less
than the aggregate amount of Excess Proceeds, the Issuer may use the amount of such Excess Proceeds not used to purchase Notes and Pari Passu Debt for general corporate purposes that are not otherwise prohibited by this Indenture. If the aggregate
principal amount of Notes and any such Pari Passu Debt validly tendered and not withdrawn by holders thereof exceeds the aggregate amount of Excess Proceeds, the Notes and any such Pari Passu Debt to be purchased shall be selected by the Trustee on
a pro rata basis (based upon the principal amount of Notes and the principal amount or accreted value of such Pari Passu Debt tendered by each holder). Upon completion of each such Excess Proceeds Offer, the amount of Excess Proceeds will be reset
to zero. 
 (d) If the Issuer is obligated to make an Excess Proceeds Offer, the Issuer shall purchase the Notes and Pari Passu Debt, at the
option of the holders thereof, in whole or in part in minimum amounts of $200,000 and integral multiples of $1,000 above such amount, on a date that is not earlier than 30 days and not later than 60 days from the date the notice of the Excess
Proceeds Offer is given to such holders, or such later date as may be required under the Exchange Act. 
 If the Issuer is required to make
an Excess Proceeds Offer, the Issuer will comply with the applicable tender offer rules, including Rule 14e-1 under the Exchange Act, and 

  
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any other applicable securities laws and regulations, including any securities laws of Bermuda and the requirements of any applicable securities exchange on which Notes are then listed. To the
extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 4.09, the Issuer shall comply with such securities laws and regulations and will not be deemed to have breached its obligations described
in this covenant by virtue thereof. 
 Section 4.10. Limitation on Transactions with Affiliates. The Issuer will not, and
will not permit any Restricted Subsidiary to, directly or indirectly, enter into or suffer to exist any transaction or series of related transactions (including, without limitation, the sale, purchase, exchange or lease of assets or property or the
rendering of any service), with, or for the benefit of, any Affiliate of the Issuer or any Restricted Subsidiary’s Affiliate unless such transaction or series of transactions is entered into in good faith and: 

(a) such transaction or series of transactions is on terms that, taken as a whole, are not materially less favorable to the Issuer or such
Restricted Subsidiary, as the case may be, than those that could have been obtained in a comparable arm’s-length transaction with third parties that are not Affiliates; 

(b) with respect to any transaction or series of related transactions involving aggregate payments or the transfer of assets or provision of
services, in each case having a value greater than $5.0 million, the Issuer shall deliver an Officer’s Certificate to the Trustee certifying that such transaction or series of transactions complies with clause (a) above; 

(c) with respect to any transaction or series of related transactions involving aggregate payments or the transfer of assets or provision of
services, in each case having a value greater than $10.0 million, the Issuer shall deliver a resolution of its board of directors (set out in an Officer’s Certificate to the Trustee) resolving that such transaction complies with clause (a)
above and that the fairness of such transaction has been approved by a majority of the Issuer’s board of directors, including a majority of the Disinterested Directors (or in the event there is only one Disinterested Director, by such
Disinterested Director); and 
 (d) with respect to any transaction or series of related transactions involving aggregate payments or the
transfer of assets or the provision of services, in each case having a value greater than $50.0 million, the Issuer shall deliver to the Trustee a written opinion of an investment banking firm of international standing (or, if an investment banking
firm is generally not qualified to give such an opinion, by an internationally recognized appraisal firm or accounting firm) stating that the transaction or series of transactions is fair to the Issuer or such Restricted Subsidiary from a financial
point of view. 

  
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 Notwithstanding the foregoing, the restrictions set forth in this description will not apply to:

 (i) customary directors’ fees, indemnification, expense reimbursement and similar arrangements (including the payment
of directors’ and officers’ insurance premiums), consulting fees, financial advisory fees, employee salaries, bonuses, employment agreements and arrangements, compensation or employee benefit arrangements, including stock options or legal
fees, so long as the Issuer’s board of directors has approved the terms thereof and deemed the services theretofore or thereafter to be performed for such compensation or payments to be fair consideration therefor; 

(ii) any Restricted Payments not prohibited by Section 4.08 or the making of an Investment that is a Permitted Investment; 

(iii) agreements and arrangements existing on the date of this Indenture and any amendment, modification or supplement
thereto, provided that any such amendment, modification or supplement to the terms thereof is not more disadvantageous to the Holders and to the Issuer and the Restricted Subsidiaries, as applicable, in any material respect than the original
agreement or arrangement as in effect on the date of this Indenture and provided, further, that such amendment or modification is (x) on a basis substantially similar to that which would be conducted in an arm’s-length
transaction with third parties who are not Affiliates and (y) in the case of any transaction having a Fair Market Value of greater than $10.0 million, approved by the Issuer’s board of directors (including a majority of the Disinterested
Directors); 
 (iv) any payments or other transactions pursuant to a tax sharing agreement between the Issuer and any
other Person with which the Issuer files a consolidated tax return or with which the Issuer is part of a consolidated group for tax purposes or any tax advantageous group contribution made pursuant to applicable legislation; 

(v) the issuance of securities pursuant to, or for the purpose of the funding of, employment arrangements, stock options, and
stock ownership plans, as long as the terms thereof are or have been previously approved by the Issuer’s board of directors; 

(vi) the granting and performance of registration rights for the Issuer’s securities; 

(vii) transactions between or among the Issuer and the Restricted Subsidiaries or between or among Restricted Subsidiaries;

 (viii) entering into and performing agreements related to a Permitted Joint Venture (which are Affiliates solely by reason
of the Issuer and/or Restricted Subsidiaries owning Capital Stock of such Permitted Joint Venture); 
 (ix) provision of
administrative, legal and regulatory, engineering, accounting, marketing, insurance and telecommunications services to Subsidiaries of the Issuer and the allocation of the cost of such services and of overhead and corporate group costs among the
Issuer and its Subsidiaries consistent with IFRS and the Issuer’s accounting policies generally applied; and 
 (x) any
transaction or series of related transactions involving aggregate payments or the transfer of assets or the provision of services in which the Issuer delivers to the Trustee a written opinion of an investment banking firm of international standing
(or, if an investment banking firm is generally not qualified to give such an opinion, by an internationally recognized appraisal firm or accounting firm) stating that the transaction or series of transactions is fair to the Issuer or such
Restricted Subsidiary from a financial point of view. 

  
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 Section 4.11. Purchase of Notes upon a Change of Control. 

(a) If a Change of Control occurs at any time, then the Issuer must make an offer (a “Change of Control Offer”) to
each Holder to purchase such Holder’s Notes, in whole or in part in integral multiples of $1,000, at a purchase price (the “Change of Control Purchase Price”) in cash in an amount equal to 101% of the principal amount thereof,
plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control Purchase Date”) (subject to the rights of holders of record on relevant regular record dates that are prior to the Change of Control Purchase
Date to receive interest due on an interest payment date). 
 (b) Within 30 days following any Change of Control, the Issuer shall:

 (i) cause a notice of the Change of Control Offer to be published (i) in a leading newspaper having a general
circulation in each of London (which is expected to be the Financial Times) and in New York (which is expected to be The Wall Street Journal); or (ii) through the newswire service of Bloomberg, or any similar agency; and

 (ii) send notice of the Change of Control Offer by first-class mail, with a copy to the Trustee, to each Holder to the
address of such Holder appearing in the Security Register, which notice shall state: 
 (A) that a Change of Control has
occurred, and the date it occurred; 
 (B) the circumstances and relevant facts regarding such Change of Control (including,
but not limited to, applicable information with respect to pro forma historical income, cash flow and capitalization after giving effect to the Change of Control); 

(C) the Change of Control Purchase Price and the Change of Control Purchase Date, which shall be a Business Day no earlier than
30 days nor later than 60 days from the 105th day such notice is mailed, or such later date as is necessary to comply with requirements under the Exchange Act and any applicable securities laws or regulations; 

  
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 (D) that any Note accepted for payment pursuant to the Change of Control Offer
shall cease to accrue interest after the Change of Control Purchase Date unless the Change of Control Purchase Price is not paid; 

(E) that any Note (or part thereof) not tendered shall continue to accrue interest; and 

(F) any other procedures that a Holder must follow to accept a Change of Control Offer or to withdraw such acceptance. 

(c) On the Change of Control Purchase Date, the Issuer shall, to the extent lawful: 

(i) accept for payment all Notes or portions thereof (equal to $200,000 or an integral multiple of $1,000 in excess thereof)
properly tendered pursuant to the Change of Control Offer; 
 (ii) deposit with the Paying Agent an amount equal to the
Change of Control Purchase Price in respect of all Notes or portions thereof so tendered; and 
 (iii) deliver or cause to be
delivered to the Trustee the Notes so accepted together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the Issuer. 

(d) The Paying Agent shall promptly mail to each Holder that has properly tendered its Notes pursuant to the Change of Control Offer an
amount equal to the Change of Control Purchase Price for such Notes and the Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to each such Holder a new Note or Notes equal in principal amount to any unpurchased
portion of the Notes surrendered, if any; provided that each such new Note shall be in a principal amount of $200,000 or an integral multiple of $1,000 above such amount. 

(e) If the Change of Control Purchase Date is on or after an interest Record Date and on or before the related Interest Payment Date, any
accrued and unpaid interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such Record Date, and no additional interest shall be payable to Holders who tender pursuant to the Change of Control
Offer. 
 (f) The Issuer shall not be required to make a Change of Control Offer upon a Change of Control if a third party makes the Change
of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth herein applicable to a Change of Control Offer made by the Issuer and purchases all Notes validly tendered and not withdrawn under such Change
of Control Offer. 
 (g) The Issuer shall comply with the applicable tender offer rules, including Rule 14e-1 under the Exchange Act, and
any other applicable securities laws and regulations (including those of The Netherlands) in connection with a Change of Control 

  
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Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Indenture, the Issuer shall comply with the applicable securities laws and
regulations and shall not be deemed to have breached their obligations under this Indenture by virtue of such conflict. 

Section 4.12. Additional Amounts. 

(a) All payments that the Issuer makes under or with respect to the Notes or that the Guarantors make under or with respect to the
Guarantees shall be made free and clear of and without withholding or deduction for or on account of any present or future tax, duty, levy, impost, assessment or other governmental charge (including, without limitation, penalties, interest and other
similar liabilities related thereto) of whatever nature (collectively, “Taxes”) imposed or levied by or on behalf of any jurisdiction in which the Issuer or any Guarantor is organized or is a resident for tax purposes or from or
through which any of the foregoing makes any payment on the Notes or any Guarantee or by or within any department or political subdivision thereof (each, a “Relevant Taxing Jurisdiction”), unless the Issuer or such Guarantor, as the
case may be, is required to withhold or deduct Taxes by law or by the interpretation or administration of law. If the Issuer or a Guarantor is required to withhold or deduct any amount for or on account of Taxes of a Relevant Taxing Jurisdiction
from any payment made under or with respect to the Notes, the Issuer or the Guarantor, as the case may be, shall pay additional amounts in cash (“Additional Amounts”) as may be necessary to ensure that the net amount received by
each Holder after such withholding or deduction (including withholding or deduction attributable to Additional Amounts payable hereunder) will not be less than the amount the Holder would have received if such Taxes had not been withheld or
deducted. 
 (b) Notwithstanding the foregoing, each of the Issuer and the Guarantors shall pay no Additional Amounts to a Holder or
beneficial owner of any Note: 
 (i) to the extent the Taxes giving rise to such Additional Amounts would not have been
imposed but for the Holder’s or beneficial owner’s present or former connection with the Relevant Taxing Jurisdiction (other than a connection arising by reason of the acquisition, ownership, holding or disposition of Notes or by reason of
the receipt of payments thereunder or under any Guarantee or the exercise or enforcement of rights under any Notes or this Indenture or under any Guarantee); 

(ii) to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the failure of the
Holder or beneficial owner of Notes, following the Issuer’s written request addressed to the Holder, to the extent such Holder or beneficial owner is legally entitled to do so, to comply with any certification, identification, information or
other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Relevant Taxing Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed
by the Relevant Taxing Jurisdiction (including, without limitation, a certification that the Holder or beneficial owner is not resident in the Relevant Taxing Jurisdiction); 

  
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 (iii) with respect to any estate, inheritance, gift, sales, transfer or personal
property tax or any similar Taxes; 
 (iv) if such Holder is a fiduciary or partnership or Person other than the sole
beneficial owner of such payment and the Taxes giving rise to such Additional Amounts would not have been imposed on such payment had such Holder been the beneficiary, partner or sole beneficial owner, as the case may be, of such Note (but only if
there is no material cost or expense associated with transferring such Note to such beneficiary, partner or sole beneficial owner and no restriction on such transfer that is outside the control of such beneficiary, partner or sole beneficial owner);

 (v) to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the presentation by
the Holder of any Note, where presentation is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for whichever occurs later; 

(vi) with respect to any withholding or deduction that is imposed on a payment to an individual and that is required to
be made pursuant to the European Council Directive on the taxation of savings income which was adopted by the ECOFIN Council on June 3, 2003 or any law implementing or complying with, or introduced in order to conform to such directive (the
“EU Savings Tax Directive”) or is required to be made pursuant to the Agreement between the European Community and the Swiss Confederation dated October 26, 2004 providing for measures equivalent to those laid down in the EU
Savings Tax Directive (the “EU-Swiss Savings Tax Agreement”) or any law or other governmental regulation implementing or complying with, or introduced in order to conform to, such agreement; and 

(vii) with respect to any combination of the items listed above. 

(c) The Issuer and the Guarantors shall also make such withholding or deduction of Taxes required by applicable law and remit the full amount
of Taxes so deducted or withheld to the relevant Taxing Authority in accordance with all applicable laws. The Issuer and the Guarantors shall make reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any Taxes so
deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes. The Issuer and the Guarantors shall provide to the Trustee, within a reasonable time after the date the payment of any Taxes so deducted or withheld is due pursuant to
applicable law, either a certified copy of tax receipts evidencing such payment, or, if such tax receipts are not reasonably available to the Issuer or such Guarantor, such other documentation that provides reasonable evidence of such payment by the
Issuer or such Guarantor. 
 (d) At least 30 calendar days prior to each date on which any payment under or with respect to the Notes is due
and payable, if the Issuer or any Guarantor shall be obligated to pay Additional Amounts with respect to such payment (unless such 

  
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obligation to pay Additional Amounts arises after the 30th day prior to the date on which payment under or with respect to the Notes is due and payable, in which case it will be promptly
thereafter), the Issuer or such Guarantor shall deliver to the Trustee an Officer’s Certificate stating that such Additional Amounts will be payable and the amounts so payable and setting forth such other information as is necessary to enable
the Trustee to pay such Additional Amounts to the Holders on the payment date. The Issuer shall promptly publish a notice in accordance with Section 13.02 stating that such Additional Amounts will be payable and describing its obligations to pay
such amounts. 
 In addition, the Issuer or any Guarantor, as the case may be, shall pay (i) any present or future stamp, issue,
registration, court, documentation, excise or other similar taxes, charges and duties, including interest and penalties with respect thereto, imposed by any Relevant Taxing Jurisdiction in respect of the execution, issue, registration or delivery of
the Notes or any Guarantee or any other document or instrument referred to thereunder and (ii) any such taxes, charges or duties imposed by any jurisdiction as a result of, or in connection with, the enforcement of the Notes or any Guarantee
and/or any other such document or instrument. 
 (e) The foregoing provisions shall survive any termination, defeasance or discharge
of this Indenture and shall apply mutatis mutandis to any jurisdiction in which any Surviving Entity (as defined in Section 5.01(b)(i)) is organized or resident for tax purposes or any political subdivision or taxing authority or agency
thereof or therein or any jurisdiction from or through which payment is made by such Surviving Entity. 
 (f) Whenever this Indenture
or the Notes refer to, in any context, the payment of principal, premium, if any, interest or any other amount payable under or with respect to any Note, such reference shall be deemed to include mention of the payment of Additional Amounts or
indemnification payments as described hereunder, to the extent that in such context Additional Amounts or indemnification payments are, were or would be payable in respect thereof pursuant to this Section 4.12. 

(g) The Issuer and the Guarantors, jointly and severally, shall indemnify and hold harmless the Holders, and, upon written request of
any Holder, reimburse such Holder for the amount of (i) any Taxes levied or imposed by a Relevant Taxing Jurisdiction and payable by such Holder in connection with payments made under or with respect to the Notes held by such Holder or any
Guarantees; and (ii) any Taxes levied or imposed with respect to any reimbursement under the foregoing clause (i) or this clause (ii), so that the net amount received by such Holder after such reimbursement shall not be less than the net amount
such Holder would have received if the Taxes giving rise to the reimbursement described in clauses (i) and/or (ii) had not been imposed, provided, however, that the indemnification obligation provided for in this paragraph (g) shall
not extend to Taxes imposed for which the eligible Holder of the Notes would not have been eligible to receive payment of Additional Amounts hereunder or to the extent such Holder received Additional Amounts with respect to such payments.

 Section 4.13. [Reserved].  

  
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 Section 4.14. Limitation on Sale and Leaseback Transactions. The Issuer shall
not enter into any sale and leaseback transaction with respect to any property or assets (whether now owned or hereafter acquired), unless: 

(a) the sale or transfer of such property or assets to be leased is treated as an Asset Sale and the Issuer complies with Section 4.09,
including the provisions concerning the application of Net Cash Proceeds (treating all of the consideration received in such sale and leaseback transaction as Net Cash Proceeds for the purposes of such Section 4.09); 

(b) the Issuer would be permitted to Incur Debt under Section 4.06 in the amount of the Attributable Debt Incurred in respect of such sale and
leaseback transaction; and 
 (c) the Issuer would be permitted to grant a Lien to secure Debt under Section 4.07 in the amount of the
Attributable Debt in respect of such sale and leaseback transaction. 
 Notwithstanding the foregoing, nothing shall prevent the Issuer or
any Restricted Subsidiary from engaging in a sale and leaseback transaction solely between the Issuer and any Restricted Subsidiary or solely between or among Restricted Subsidiaries. 

Section 4.15. Limitation on Guarantees of Debt by Restricted Subsidiaries. 

(a) The Issuer shall not permit any Restricted Subsidiary that is not a Guarantor, directly or indirectly, to guarantee, assume or in any
other manner become liable for the payment of any Debt of the Issuer (other than the Notes) or any Guarantor, unless: 
 (i)
(A) such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to this Indenture providing for a Guarantee of payment of the Notes by such Restricted Subsidiary on senior subordinated basis; and 

(B) with respect to any guarantee of Subordinated Debt by such Restricted Subsidiary, any such guarantee shall be subordinated
to such Restricted Subsidiary’s Guarantee with respect to the Notes at least to the same extent as such Subordinated Debt is subordinated to the Notes; and 

(ii) such Restricted Subsidiary waives and shall not in any manner whatsoever claim or take the benefit or advantage of, any
rights of reimbursement, indemnity or subrogation or any other rights against the Issuer or any other Restricted Subsidiary as a result of any payment by such Restricted Subsidiary under its Guarantee. 

  
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 This paragraph (a) shall not be applicable to any guarantees of any Restricted Subsidiary: 

(x) guaranteeing Debt under Credit Facilities of Restricted Subsidiaries permitted to be Incurred pursuant to
Sections 4.06(a) and (b)(i) or existing on the date of this Indenture; or 
 (y) that existed at the time such Person
became a Restricted Subsidiary if the guarantee was not Incurred in connection with, or in contemplation of, such Person becoming a Restricted Subsidiary. 

(b) Notwithstanding the foregoing, any Guarantee of the Notes created pursuant to the provisions described in paragraph (a) above may provide
by its terms that it will be automatically and unconditionally released and discharged upon: 
 (i) any sale, exchange or
transfer, to any Person who is not the Issuer’s Affiliate, of all of the Capital Stock owned by the Issuer and its other Restricted Subsidiaries in, or all or substantially all the assets of, such Restricted Subsidiary (which sale, exchange or
transfer is not prohibited by this Indenture); or 
 (ii) with respect to any Guarantee created after the date of this
Indenture, the release by the holders of the Issuer’s or the Guarantor’s Debt described in paragraph (a) above, of their guarantee by such Restricted Subsidiary (including any deemed release upon payment in full of all obligations under
such Debt other than as a result of payment under such guarantee), at a time when: 
 (A) no other Debt of the Issuer or any
Guarantor has been guaranteed by such Restricted Subsidiary; or 
 (B) the holders of all such other Debt that is guaranteed
by such Restricted Subsidiary also release their guarantee by such Restricted Subsidiary (including any deemed release upon payment in full of all obligations under such Debt other than as a result of payment under such guarantee); or 

(iii) the release of the Guarantees on the terms and conditions and in the circumstances described in Section 10.03. 

Section 4.16. Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. 

(a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to
exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to: 

(i) pay dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock or any other
interest or participation in, or measured by, its profits; 

  
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 (ii) pay any Debt owed to the Issuer or any other Restricted Subsidiary; 

(iii) make loans or advances to the Issuer or any other Restricted Subsidiary; or 

(iv) transfer any of its properties or assets to the Issuer or any other Restricted Subsidiary. 

(b) The provisions of the covenant described in paragraph (a) above shall not apply to: 

(i) encumbrances and restrictions imposed by the Notes, this Indenture, the Guarantees, the indentures governing the DGL Notes,
the indentures governing the existing senior notes, the Senior Credit Facilities and the security documents related thereto; 

(ii) any customary encumbrances or restrictions created under any agreements with respect to Debt of the Issuer or any
Restricted Subsidiary permitted to be Incurred subsequent to the date of this Indenture pursuant to the provisions of Section 4.06, including encumbrances or restrictions imposed by Debt permitted to be Incurred under Credit Facilities or any
guarantees thereof in accordance with such Section; provided (i) that such agreements do not prohibit the payment of interest with respect to the Notes or the Guarantees absent a default or event of default or failure to achieve or
maintain a specified financial ratio under such agreement or (ii) will not, in the good faith judgment of the Issuer, be likely to materially adversely affect the ability of the Issuer to make principal and interest payments on the Notes when
due; 
 (iii) encumbrances or restrictions contained in any agreement in effect on the date of this Indenture (other than an
agreement described in another clause of this paragraph (b)); 
 (iv) with respect to restrictions or encumbrances referred
to in clause (a)(iv) above, encumbrances and restrictions: (A) that restrict in a customary manner the subletting, assignment or transfer of any properties or assets that are subject to a lease, license, conveyance or other similar agreement to
which the Issuer or any Restricted Subsidiary is a party; and (B) contained in operating leases for real property and restricting only the transfer of such real property upon the occurrence and during the continuance of a default in the payment
of rent; 
 (v) encumbrances or restrictions contained in any agreement or other instrument of a Person acquired by the
Issuer or any Restricted Subsidiary in effect at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the
Person, or the property or assets of the Person, so acquired; 

  
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 (vi) encumbrances or restrictions contained in contracts for sales of Capital
Stock or assets permitted by the provisions of Section 4.09 with respect to the assets or Capital Stock to be sold pursuant to such contract or in customary merger or acquisition agreements (or any option to enter into such contract) for the
purchase or acquisition of Capital Stock or assets or any of the Issuer’s Subsidiaries by another Person; 
 (vii) with
respect to restrictions or encumbrances referred to in clause (a)(iv) above, any customary encumbrances or restrictions pertaining to any asset or property subject to a Lien to the extent set forth in the security document governing such Lien; 

(viii) encumbrances or restrictions imposed by applicable law or regulation or by governmental licenses, concessions,
franchises or permits; 
 (ix) any encumbrances or restrictions existing under any agreement that extends, renews, amends,
modifies, restates, supplements, refunds, refinances or replaces the agreements containing the encumbrances or restrictions in the foregoing clauses (b)(i), (ii), and (iii); provided that the terms and conditions of any such encumbrances or
restrictions are not materially less favorable, taken as a whole, to the Holders than those under or pursuant to the agreement so extended, renewed, amended, modified, restated, supplemented, refunded, refinanced or replaced; 

(x) encumbrances or restrictions on cash or other deposits or net worth imposed by customers under contracts entered into the
ordinary course of business; 
 (xi) customary limitations on the distribution or disposition of assets or property in joint
venture agreements entered into the ordinary course of business and in good faith; provided that such encumbrance or restriction is applicable only to such Restricted Subsidiary and provided that the Issuer determines that any such
encumbrance or restriction will not materially affect the ability of the Issuer or any Guarantor to make any anticipated principal or interest payment on the Notes; 

(xii) in the case of clause (a)(iv) above, customary encumbrances or restrictions in connection with purchase money
obligations, mortgage financings and Capitalized Lease Obligations for property acquired in the ordinary course of business; or 

(xiii) any encumbrance or restriction arising by reason of customary non-assignment provisions in agreements. 

  
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 Section 4.17. Designation of Unrestricted and Restricted Subsidiaries. 

(a) The Issuer’s board of directors may designate any Subsidiary which is not a Guarantor (including newly acquired or newly
established Subsidiaries) to be an “Unrestricted Subsidiary” only if:  
 (i) no Default has occurred
and is continuing at the time of or after giving effect to such designation; 
 (ii) the Issuer would be permitted to make an
Investment at the time of designation (assuming the effectiveness of such designation) pursuant to Section 4.08(b) or as a Permitted Investment in an amount equal to the Fair Market Value of the Issuer’s interest in such Subsidiary (but
excluding the amount of any investment therein that constituted a Restricted Payment when made); 
 (iii) neither the Issuer
nor any Restricted Subsidiary has a contract, agreement, arrangement, understanding or obligation of any kind, whether written or oral, with such Subsidiary unless the terms of such contract, arrangement, understanding or obligation comply with
Section 4.10 had such Subsidiary been an Unrestricted Subsidiary at the entering into or incurring the same; and 
 (iv) such
Subsidiary is not liable, directly or indirectly, with respect to any Debt, Lien or other obligation that, if in default, would result (with the passage of time or notice or otherwise) in a default on any of the Issuer’s Debt or Debt of any
Restricted Subsidiary. 
 (b) In the event of any such designation, the Issuer shall be deemed to have made an Investment constituting a
Restricted Payment pursuant to Section 4.08 for all purposes of this Indenture in an amount equal to the Fair Market Value of the Issuer’s interest in such Subsidiary, but excluding the amount of any investment therein that constituted a
Restricted Payment when made. 
 (c) Neither the Issuer nor any Restricted Subsidiary shall at any time: 

(i) be directly or indirectly liable for any Debt of any Unrestricted Subsidiary, except to the extent permitted under
Section 4.08 and Section 4.10; or 
 (ii) be directly or indirectly liable for any other Debt that provides that the
holder thereof may (upon notice, lapse of time or both) declare a default thereon (or cause the payment thereof to be accelerated or payable prior to its final scheduled Maturity) upon the occurrence of a default with respect to any other Debt that
is Debt of an Unrestricted Subsidiary (including any corresponding right to take enforcement action against such Unrestricted Subsidiary). 

  
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 (d) The Issuer’s board of directors may designate any Unrestricted Subsidiary as a
Restricted Subsidiary if: 
 (i) no Default or Event of Default has occurred and is continuing at the time of or will occur
and be continuing after giving effect to such designation; and 
 (ii) unless such redesignated Subsidiary shall not have any
Debt outstanding (other than Debt that would be Permitted Debt), immediately before and after giving effect to such proposed designation, and after giving pro forma effect to the Incurrence of any such Debt of such redesignated Subsidiary as if such
Debt was Incurred on the date of the redesignation, such Debt could be Incurred pursuant to Section 4.06. 
 (e) Any such designation as an
Unrestricted Subsidiary or Restricted Subsidiary by the Issuer’s board of directors shall be evidenced to the Trustee by filing a resolution of the Issuer’s board of directors with the Trustee giving effect to such designation and an
Officer’s Certificate certifying that such designation complies with the foregoing conditions, and giving the effective date of such designation. Any such filing with the Trustee must occur within 45 days after the end of the Issuer’s
fiscal quarter in which such designation is made (or, in the case of a designation made during the last fiscal quarter of the Issuer’s fiscal year, within 90 days after the end of such fiscal year). 

Section 4.18. Payment of Taxes and Other Claims. The Issuer shall pay or discharge and shall cause each of its Subsidiaries
to pay or discharge, or cause to be paid or discharged, before the same shall become delinquent (a) all material taxes, assessments and governmental charges levied or imposed upon (i) the Issuer or any such Subsidiary, (ii) the income
or profits of any such Subsidiary that is a corporation or (iii) the property of the Issuer or any such Subsidiary and (b) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a lien upon the
property of the Issuer or any such Subsidiary; provided that the Issuer shall not be required to pay or discharge, or cause to be paid or discharged, any such tax, assessment, charge or claim the amount, applicability or validity of which is
being contested in good faith by appropriate proceedings or for which adequate reserves have been established. 
 Section 4.19.
[Reserved].  
 Section 4.20. [Reserved].  

Section 4.21. Reports to Holders. So long as any Notes are outstanding, the Issuer shall furnish to the Trustee (who, at the
Issuer’s expense, will furnish by mail to Holders and, upon request to the Trustee, prospective investors in the Notes): 
 (a) annual
financial statements audited by an internationally recognized firm of independent public accountants within 120 days after the end of the Issuer’s fiscal year, and 

(b) quarterly financial statements (including a balance sheet, income statement and cash flow statement for the fiscal quarter or quarters
then ended and the corresponding fiscal quarter or quarters from the prior year) within 60 days of the end of each of the first three fiscal quarters of each fiscal year. 

  
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 Such annual and quarterly financial statements will be prepared in accordance with IFRS and be
accompanied by a management discussion and analysis of the results of operations and liquidity and capital resources of the Issuer and its Subsidiaries for the periods presented in a level of detail comparable to the management discussion and
analysis of the results of operations and liquidity and capital resources of the Issuer and its Subsidiaries contained in the offering memorandum for the Notes dated February 7, 2012. 

In addition, the Issuer shall furnish to Holders, prospective investors and securities analysts, upon the requests of such Holders,
prospective investors or securities analysts, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long as the Notes are not freely transferable under the Exchange Act by Persons who are not
“affiliates” under the Securities Act. 
 The Issuer shall also (a) post to a secure website any reports delivered to the
Trustee; or (b) make available copies of all reports furnished to the Trustee to an information agent that shall furnish the reports to the Holders, prospective investors and securities analysts upon request; provided that the Issuer shall be
entitled to suspend compliance with its obligations under this sentence (i) if and so long as the Issuer files Exchange Act reports with the Commission or (ii) if the Issuer determines it must do so to comply with its obligations under
applicable securities laws, including in connection with the issuance and sale or potential issuance and sale of securities. 

Section 4.22. Further Instruments and Acts. Upon request of the Trustee (but without imposing any duty or obligation of any
kind on the Trustee to make any such request), the Issuer and the Guarantors shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this
Indenture. 
 ARTICLE 5 

CONSOLIDATION, MERGER AND SALE OF ASSETS 

Section 5.01. Consolidation, Merger and Sale of Assets. 

(a) The Issuer shall not, in a single transaction or through a series of transactions, consolidate or merge with or into any other Person or
sell, assign, convey, transfer, lease or otherwise dispose of, or take any action pursuant to any resolution passed by the Issuer’s board of directors or shareholders with respect to a demerger or division pursuant to which the Issuer would
dispose of, all or substantially all of the Issuer’s properties and assets to any other Person or Persons and the Issuer shall not permit any Restricted Subsidiary to enter into any such transaction or series of transactions if such transaction
or series of transactions, in the aggregate, would result in the sale, assignment, conveyance, transfer, lease or other disposition of all or substantially all of the properties and assets of the Issuer and its Restricted Subsidiaries on a
consolidated basis to any other Person or Persons. 

  
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 (b) Paragraph (a) above shall not apply if: 

(i) at the time of, and immediately after giving effect to, any such transaction or series of transactions, either (A) the
Issuer shall be the continuing corporation or (B) the Person (if other than the Issuer) formed by or surviving any such consolidation or merger or to which such sale, assignment, conveyance, transfer, lease or disposition of all or
substantially all the properties and assets of the Issuer and the Restricted Subsidiaries on a consolidated basis has been made (the “Surviving Entity”): 

(x) shall be a corporation duly incorporated and validly existing under the laws of Jamaica, Bermuda, the Cayman Islands,
Barbados, St. Lucia, Trinidad & Tobago, Aruba, Curaçao, St. Vincent & Grenadines, Grenada, the United States of America, any state thereof, or the District of Columbia, and 

(y) shall expressly assume, by a supplemental indenture in form satisfactory to the Trustee, the Issuer’s obligations
under the Notes and this Indenture, and the Notes and this Indenture shall remain in full force and effect as so supplemented; 

(ii) immediately after giving effect to such transaction or series of transactions on a pro forma basis (and treating any
obligation of the Issuer or any Restricted Subsidiary Incurred in connection with or as a result of such transaction or series of transactions as having been Incurred by the Issuer or such Restricted Subsidiary at the time of such transaction) no
Default or Event of Default shall have occurred and be continuing; 
 (iii) immediately after giving effect to such
transaction or series of transactions on a pro forma basis (on the assumption that the transaction or series of transactions occurred on the first day of the four-quarter fiscal period immediately prior to the consummation of such transaction or
series of transactions with the appropriate adjustments with respect to the transaction or series of transactions being included in such pro forma calculation), the Issuer (or the Surviving Entity if the Issuer is not the continuing obligor under
this Indenture) could Incur at least $1.00 of additional Debt under the provisions of Section 4.06(a) or the Leverage Ratio for the Issuer (or the Surviving Entity if the Issuer is not the continuing obligor under this Indenture) would be lower than
such ratio prior to such transaction; 
 (iv) any Guarantor, unless it is the other party to the transactions described
above, shall have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under this Indenture and the Notes; 

(v) any of the Issuer’s or any Restricted Subsidiary’s property or assets would thereupon become subject to any Lien
and the provisions of Section 4.07 are complied with; and 

  
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 (vi) the Issuer or the Surviving Entity shall have delivered to the Trustee, in
form and substance satisfactory to the Trustee, an Officers’ Certificate (attaching the computations to demonstrate compliance with clauses (ii) and (iii) above) and an opinion of independent counsel, each stating that such
consolidation, merger, sale, assignment, conveyance, transfer, lease or other disposition, and if a supplemental indenture is required in connection with such transaction, such supplemental indenture, comply with the requirements of this Indenture
and that all conditions precedent in this Indenture relating to such transaction have been satisfied and that this Indenture and the Notes constitute legal, valid and binding obligations of the continuing Person, enforceable in accordance with their
terms. 
 (c) Each Guarantor (other than any Guarantor whose Guarantee is to be released in accordance with the terms of the Guarantee and
this Indenture in connection with any transaction complying with the provisions of Section 4.09) shall not, and the Issuer shall not cause or permit any Guarantor to, consolidate with or merge with or into any Person other than the Issuer or any
other Guarantor unless: 
 (i) the entity formed by or surviving any such consolidation or merger (if other than the
Guarantor) or to which such sale, lease, conveyance or other disposition shall have been made shall be a corporation duly incorporated and validly existing under the laws of Jamaica, Bermuda, Cayman Islands, Barbados, St. Lucia, Trinidad &
Tobago, Aruba, Curaçao, St. Vincent & Grenadines, Grenada, the United States of America, any state thereof, or the District of Columbia; 

(ii) the entity expressly assumes by a supplemental indenture in form satisfactory to the Trustee all of the obligations of the
Guarantor under the Guarantee, and this Indenture and the Guarantee and this Indenture shall remain in full force and effect as so supplemented; 

(iii) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be
continuing; and 
 (iv) immediately after giving effect to such transaction and the use of any net proceeds therefrom on a
pro forma basis, the Issuer could satisfy the provisions of Sections 5.01(b)(ii) and (iii). 
 (d) The Surviving Entity shall succeed to,
and be substituted for, and may exercise every right and power of, the Issuer under this Indenture, but, in the case of a lease of all or substantially all of the Issuer’s assets, the Issuer shall not be released from the obligation to pay the
principal of, premium, if any, and interest, on the Notes. 
 (e) Nothing in this Indenture shall prevent (i) any Wholly Owned
Restricted Subsidiary that is not a Guarantor from consolidating with, merging into or transferring all or substantially all of its properties and assets to the Issuer or any other Wholly Owned Restricted Subsidiary, or (ii) any Guarantor from
merging into or transferring all or part of its properties and assets to the Issuer or another Guarantor. 

  
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 The Issuer will publish a notice of any consolidation, merger or sale of assets described above
in accordance with Section 13.02. 
 Section 5.02. Successor Substituted. Upon any consolidation or merger, or any sale,
conveyance, transfer, lease or other disposition of all or substantially all of the property and assets of the Issuer in accordance with Section 5.01 of this Indenture, any Surviving Entity formed by such consolidation or into which the Issuer is
merged or to which such sale, conveyance, transfer, lease or other disposition is made, shall succeed to, and be substituted for, and may exercise every right and power of, the Issuer under this Indenture with the same effect as if such Surviving
Entity had been named as the Issuer herein; provided that the Issuer shall not be released from its obligation to pay the principal of, premium, if any, or interest and Additional Amounts, if any, on the Notes in the case of a lease of all or
substantially all of its property and assets. 
 ARTICLE 6 

DEFAULTS AND REMEDIES 

Section 6.01. Events of Default. 

(a) “Event of Default”, wherever used herein, means any of the following events: 

(i) default for 30 days in the payment when due of any interest or any Additional Amounts on any Note (whether or not
prohibited by the subordination provisions of this Indenture, or any intercreditor agreement permitted thereby); 
 (ii)
default in the payment of the principal of or premium, if any, on any Note at its Maturity (upon acceleration, optional or mandatory redemption, if any, required repurchase or otherwise) whether or not prohibited by the subordination provisions of
this Indenture, or any intercreditor agreement permitted thereby; 
 (iii) failure to comply with the provisions of Article
5; 
 (iv) failure to make or consummate an Excess Proceeds Offer in accordance with the provisions of Section 4.09; 

(v) failure to make or consummate a Change of Control Offer in accordance with the provisions of Section 4.11; 

(vi) failure to comply with any covenant or agreement of the Issuer or of any Restricted Subsidiary that is contained in this
Indenture or any Guarantees (other than specified in clause (i), (ii), (iii), (iv) or (v) above) and such failure continues for a period of 60 days or more after the written notice specified in Section 6.02; 

  
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 (vii) default under the terms of any instrument evidencing or securing the Debt
of the Issuer, any Guarantor or any Significant Subsidiary having an outstanding principal amount in excess of $50.0 million individually or in the aggregate, if that default: (x) results in the acceleration of the payment of such Debt or
(y) is caused by the failure to pay such Debt at final Maturity thereof after giving effect to the expiration of any applicable grace periods and other than by regularly scheduled required prepayment) and such failure to make any payment has
not been waived or the Maturity of such Debt has not been extended, and in either case the total amount of such Debt unpaid or accelerated exceeds $50.0 million or its equivalent at the time; 

(viii) any Guarantee ceases to be, or shall be asserted in writing by any Guarantor, or any Person acting on behalf of any
Guarantor, not to be in full force and effect or enforceable in accordance with its terms (other than as provided for in this Indenture or any Guarantee); 

(ix) one or more final judgments, orders or decrees (not subject to appeal and not covered by insurance) shall be rendered
against the Issuer, any Guarantor or any Significant Subsidiary, either individually or in an aggregate amount, in excess of $50.0 million, and either a creditor shall have commenced an enforcement proceeding upon such judgment, order or decree or
there shall have been a period of 30 consecutive days or more during which a stay of enforcement of such judgment, order or decree was not (by reason of pending appeal or otherwise) in effect; and 

(x) the entry by a court of competent jurisdiction of (A) a decree or order for relief in respect of the Issuer or any
Significant Subsidiary in an involuntary case or proceeding under any applicable Bankruptcy Law or (B) a decree or order adjudging the Issuer or any Significant Subsidiary bankrupt or insolvent, or seeking reorganization, arrangement,
adjustment or composition of or in respect of the Issuer or any Significant Subsidiary under any applicable law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Issuer or any
Significant Subsidiary or of any substantial part of their respective properties or ordering the winding up or liquidation of their affairs, and any such decree, order or appointment pursuant to any Bankruptcy Law for relief shall continue to be in
effect, or any such other decree, appointment or order shall be unstayed and in effect, for a period of 100 consecutive days; or 

(xi) (A) the Issuer or any Significant Subsidiary (x) commences a voluntary case or proceeding under any applicable
Bankruptcy Law or any other case or proceeding to be adjudicated bankrupt or insolvent or (y) consents to the filing of a petition, application, answer or consent seeking reorganization or relief under any applicable Bankruptcy Law,
(B) the Issuer or any Significant Subsidiary consents to the entry of a decree or order for relief in respect of the Issuer or such Significant Subsidiary in an involuntary case or proceeding under any applicable Bankruptcy Law or to the
commencement of any bankruptcy or 

  
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insolvency case or proceeding against it or, (C) the Issuer or any Significant Subsidiary (x) consents to the appointment of, or taking possession by, a custodian, receiver, liquidator,
administrator, supervisor, assignee, trustee, sequestrator or similar official of the Issuer or such Significant Subsidiary or of any substantial part of their respective properties, (y) makes an assignment for the benefit of creditors or
(z) admits in writing its inability to pay its debts generally as they become due. 
 (b) If a Default or an Event of Default occurs
and is continuing and is actually known to the Trustee, the Trustee shall mail to each Holder notice of the Default or Event of Default within 15 Business Days after its occurrence by registered or certified mail or facsimile transmission an
Officer’s Certificate specifying such event, notice or other action, its status and what action the Issuer is taking or proposes to take with respect thereto. Except in the case of a Default or an Event of Default in payment of principal or,
premium, if any, on the Notes or interest, if any, or Additional Amounts, if any, on any Note, the Trustee may withhold the notice to the Holders if and so long as a committee of its Trust Officers in good faith determines that withholding the
notice is in the interests of the Holders. 
 Section 6.02. Acceleration.  

(a) If an Event of Default (other than as specified in Section 6.01(a)(x) or (xi)) occurs and is continuing, the Trustee or the Holders of not
less than 25% in aggregate principal amount of the Notes then outstanding by written notice to the Issuer (and to the Trustee if such notice is given by the Holders) may, and the Trustee, upon the written request of such Holders, shall, declare the
principal of, premium, if any, and any Additional Amounts and accrued interest on all of the outstanding Notes immediately due and payable, and upon any such declaration all such amounts payable in respect of the Notes shall become immediately due
and payable. 
 (b) If an Event of Default specified in Section 6.01(a)(x) or (xi) occurs and is continuing, then the principal of,
premium, if any, and accrued and unpaid interest on all of the outstanding Notes shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

(c) At any time after a declaration of acceleration under this Indenture, but before a judgment or decree for payment of the money due has
been obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Notes, by written notice to the Issuer and the Trustee, may rescind such declaration and its consequences if: 

(i) the Issuer has paid or deposited with the Trustee a sum sufficient to pay: 

(A) all overdue interest and Additional Amounts on all Notes then outstanding; 

  
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 (B) all unpaid principal of and premium, if any, on any outstanding Notes that
has become due otherwise than by such declaration of acceleration and interest thereon at the rate borne by the Notes; 
 (C)
to the extent that payment of such interest is lawful, interest upon overdue interest and overdue principal at the rate borne by the Notes; and 

(D) all sums paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel; 
 (ii) the rescission would not conflict with any judgment or decree of a
court of competent jurisdiction; and 
 (iii) all Events of Default, other than the non-payment of amounts of principal of,
premium, if any, and any Additional Amounts and interest on the Notes that has become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.04. 

No such rescission shall affect any subsequent default or impair any right consequent thereon. 

Section 6.03. Other Remedies. If an Event of Default occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement
in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 All rights of
action and claims under this Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the
Trustee shall be brought in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recovered. 
 Section 6.04.
Waiver of Past Defaults. The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may, on behalf of the Holders of all the Notes, waive any past Default hereunder and its consequences, except a
Default: 
 (a) in the payment of the principal of, premium, if any, and Additional Amounts or interest on any Note; or 

  
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 (b) in respect of a covenant or provision hereof which under Article 9 cannot be modified or
amended without the consent of the Holder of each Note outstanding. 
 Upon any such waiver, such Default shall cease to exist, and any
Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. 

Section 6.05. Control by Majority. The Holders of a majority in aggregate principal amount of the 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 under this Indenture; provided that: 

(a) the Trustee may refuse to follow any direction that conflicts with law, this Indenture or that the Trustee determines in good faith may be
unduly prejudicial to the rights of Holders not joining in the giving of such direction; 
 (b) the Trustee may refuse to follow any
direction that the Trustee determines is unduly prejudicial to the rights of other Holders or would involve the Trustee in personal liability; and 

(c) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. 

Section 6.06. Limitation on Suits. No Holder has any right to institute any proceedings with respect to this Indenture or
any remedy thereunder, unless the Holders of at least 25% in aggregate principal amount of the outstanding Notes have made a written request, and offered reasonable indemnity, to the Trustee to institute such proceeding as Trustee under the Notes
and this Indenture, the Trustee has failed to institute such proceeding within 30 days after receipt of such notice and the Trustee within such 30-day period has not received directions inconsistent with such written request by Holders of a majority
in aggregate principal amount of the outstanding Notes. Such limitations do not, however, apply to a suit instituted by a Holder for the enforcement of the payment of the principal of, premium, if any, and Additional Amounts or interest on such Note
on or after the respective due dates expressed in such Note. 
 A Holder may not use this Indenture to prejudice the rights of any
other Holder or to obtain a preference or priority over another Holder. 
 Section 6.07. Unconditional Right of Holders To
Receive Payment. Subject to the provisions of Section 10.01(d), but notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of, premium, if any, Additional Amounts, if any, and interest, if
any, on the Notes held by such Holder, on or after the respective due dates expressed in the Notes, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of
such Holder. 

  
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 Section 6.08. Collection Suit by Trustee. 

(a) The Issuer covenants that if default is made in the payment of: 

(i) any installment of interest on any Note when such interest becomes due and payable and such default continues for a period
of 30 days, or 
 (ii) the principal of (or premium, if any, on) any Note at the Maturity thereof, the Issuer shall, upon
demand of the Trustee, pay to the Trustee for the benefit of the Holders of such Notes, the whole amount then due and payable on such Notes for principal (and premium, if any), Additional Amounts, if any and interest, and interest on any overdue
principal (and premium, if any) and Additional Amounts, if any and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installment of interest, at the rate borne by the Notes, and, in addition thereto, such
further amount as shall be sufficient to cover the amounts provided for in Section 7.07 and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel. 
 (b) If the Issuer fails to pay such amounts forthwith upon such demand, the Trustee, in
its own name as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Issuer or any other
obligor upon the Notes and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Issuer or any other obligor upon the Notes, wherever situated. 

Section 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as
may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07) and the Holders allowed in any judicial proceedings relative to the Issuer or any Guarantor, their creditors or their property and, unless prohibited by law or applicable regulations, may vote on behalf of the Holders at their
direction 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. 
 Nothing herein contained shall be deemed to empower the Trustee to authorize or
consent to, or accept or adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any
Holder in any such proceeding. 

  
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 Section 6.10. Application of Money Collected. If the Trustee collects any
money or property pursuant to this Article 6, it shall pay out the money or property in the following order: 
 FIRST: to the Trustee
for amounts due under Section 7.07; 
 SECOND: to Holders for amounts due and unpaid on the Notes for principal of, premium, if any,
interest, if any, and Additional Amounts, if any, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, interest, if any, and Additional Amounts, if any,
respectively; and 
 THIRD: to the Issuer, any Guarantor or any other obligors of the Notes, as their interests may appear, or as a court of
competent jurisdiction may direct. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section
6.10. At least 30 days before such record date, the Issuer shall mail to each Holder and the Trustee a notice that states the record date, the payment date and amount to be paid. This Section 6.10 is subject at all times to the provisions set forth
in Section 11.02. 
 Section 6.11. Undertaking for Costs. A court may in its discretion require, in any suit for the
enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in the suit of an undertaking to pay the costs of such suit, and such court
may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such 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 Holders of more than 10% in aggregate principal amount of the outstanding Notes or to any suit by any Holder pursuant to Section 6.07. 

Section 6.12. Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any
right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such
proceeding, the Issuer, any Guarantor, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no
such proceeding had been instituted. 
 Section 6.13. Rights and Remedies Cumulative. Except as otherwise provided with
respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and
every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other 

  
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right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 Section 6.14. Delay or Omission not Waiver. No delay
or omission of the Trustee or of any Holder of any Note to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every
right and remedy given by this Article 6 or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 6.15. Record Date. The Issuer may set a record date for purposes of determining the identity of Holders entitled to vote
or to consent to any action by vote or consent authorized or permitted by Sections 6.04, 6.05 and 12.04. Unless this Indenture provides otherwise, such record date shall be the later of 30 days prior to the first solicitation of such consent or the
date of the most recent list of Holders furnished to the Trustee pursuant to Section 2.05 prior to such solicitation. 

Section 6.16. Waiver of Stay or Extension Laws. The Issuer covenants (to the extent that it may lawfully do so) that it
shall not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance
of this Indenture; and the Issuer (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it shall not hinder, delay or impede the execution of any power herein granted to the
Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE 7 

TRUSTEE 

Section 7.01. Duties of Trustee. 

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

 (b) Except during the continuance of an Event of Default of which a Trust Officer of the Trustee has actual knowledge: (i) the
Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no others and no implied covenants or obligations shall be read into this Indenture against the Trustee; and (ii) in the absence
of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture. In the case of any such certificates or opinions which by any provisions 

  
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hereof are specifically required to be furnished to the Trustee, the Trustee shall examine same to determine whether they conform to the requirements of this Indenture (but need not confirm or
investigate the accuracy of mathematical calculations or other facts stated therein); 
 (c) The Trustee shall not be relieved from
liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 
 (i)
this paragraph does not limit the effect of paragraph (b) of this Section 7.01; 
 (ii) the Trustee shall not be liable for
any error of judgment made in good faith by a Trust Officer unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(iii) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a
direction received by it pursuant to Section 6.02 or 6.05; 
 (d) The Trustee shall not be liable for interest on any money received by it
except as the Trustee may agree in writing with the Issuer or the Guarantors. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law; 

(e) 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; and 
 (f) 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 7.01. 
 Section 7.02. Certain Rights of Trustee. 

(a) Subject to Section 7.01: 

(i) the Trustee may rely conclusively, and shall be protected in acting or refraining from acting, upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by
the proper person; 
 (ii) before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or
an Opinion of Counsel or both, which shall conform to Section 13.05. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion; 

  
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 (iii) the Trustee may act through its attorneys and agents and shall not be
responsible for the misconduct or negligence of any attorney or agent appointed with due care by it hereunder; 
 (iv) 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, unless such Holders shall have offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction; 
 (v)
the Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers; 

(vi) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officer’s Certificate; 

(vii) 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 Issuer personally or by agent or attorney; 

(viii) the Trustee shall not be required to give any bond or surety with respect to the performance of its duties or the
exercise of its powers under this Indenture; 
 (ix) in the event the Trustee receives inconsistent or conflicting requests
and indemnity from two or more groups of Holders, each representing less than a majority in aggregate principal amount of the Notes then outstanding, pursuant to the provisions of this Indenture, the Trustee, in its sole discretion, may determine
what action, if any, will be taken; 
 (x) the permissive right of the Trustee to take the actions permitted by this
Indenture will not be construed as an obligation or duty to do so; 
 (xi) delivery of reports, information and documents to
the Trustee under Section 4.21 is for informational purposes only and the Trustee’s receipt of the foregoing will not constitute constructive notice of any information contained therein or determinable from information contained therein,
including the Issuer’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates); 

  
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 (xii) the rights, privileges, protections, immunities and benefits given to the
Trustee, including, without limitation, its rights to be indemnified, are extended to, and will be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder; and 

(xiii) the Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel will, subject to Section
7.01(c), be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(b) The Trustee may request that the Issuer deliver an Officer’s Certificate setting forth the names of the individuals and/or titles of
officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an Officer’s Certificate, including any person specified as so authorized in
any such certificate previously delivered and not superseded. 
 Section 7.03. Individual Rights of Trustee. The Trustee,
any Paying Agent, any Registrar or any other agent of the Issuer or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Issuer
with the same rights it would have if it were not Trustee, Paying Agent, Registrar or such other agent. 
 Section 7.04.
Trustee’s Disclaimer. The recitals contained herein and in the Notes, except for the Trustee’s certificates of authentication, shall be taken as the statements of the Issuer, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Notes, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture and to authenticate the Notes.
The Trustee shall not be accountable for the Issuer’s use of the proceeds from the Notes or any money paid to the Issuer or upon the Issuer’s direction under any provision of this Indenture nor shall it be responsible for the use or
application of any money received by any Paying Agent other than the Trustee. 
 Section 7.05. [Reserved].  

Section 7.06. Reports by Trustee to Holders. Within 60 days after June 15 of each year commencing with the first
June 15 after the Issue Date, the Trustee shall transmit to the Holders, in the manner and to the extent provided in TIA Section 313(c), a brief report dated as of such June 15, if required by TIA Section 313(a). The Trustee also
shall comply with TIA Sections 313(b) and (c). 
 The Issuer shall promptly notify the Trustee whenever the Notes become listed on
any securities exchange and of any delisting thereof and the Trustee shall file the above described report with each stock exchange upon which the Notes are listed. 

Section 7.07. Compensation and Indemnity. The Issuer, failing which the Guarantors, shall pay to the Trustee such compensation as
shall be agreed in writing for 

  
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its services hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer, failing which the Guarantors, shall reimburse
the Trustee promptly upon request for all reasonable disbursements, advances or expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable
compensation, disbursements, advances and expenses of the Trustee’s agents and counsel. 
 The Issuer, failing which the Guarantors,
shall indemnify the Trustee against any and all loss, liability or expense (including attorneys’ fees and expenses) incurred by it without willful misconduct or negligence on its part arising out of or in connection with the administration of
this trust and the performance of its duties hereunder (including the costs and expenses of enforcing this Indenture against the Issuer and the Guarantors (including this Section 7.07) and defending itself against any claim, whether asserted by the
Issuer, the Guarantors, any Holder or any other Person, or liability in connection with the execution and performance of any of its powers and duties hereunder). The Trustee shall notify the Issuer promptly of any claim for which it may seek
indemnity. Failure by the Trustee to so notify the Issuer shall not relieve the Issuer or any Guarantor of its obligations hereunder. The Issuer shall, at the Trustee’s sole discretion, defend the claim and the Trustee shall reasonably
cooperate and may participate at the Issuer’s expense in such defense. Alternatively, the Trustee may at its option have separate counsel of its own choosing and the Issuer shall pay the reasonable fees and expenses of such counsel. The Issuer
need not pay for any settlement made without its consent, which consent may not be unreasonably withheld. The Issuer shall not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the
Trustee’s own willful misconduct, negligence or bad faith. 
 To secure the Issuer’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, in its capacity as Trustee, except money or property held in trust to pay principal of, premium, if any, and interest on particular Notes. Such
lien shall survive the satisfaction and discharge of this Indenture. 
 When the Trustee incurs expenses after the occurrence of a Default
specified in Section 6.01(a)(x) or (xi) with respect to the Issuer, the Guarantors, or any Restricted Subsidiary, the expenses are intended to constitute expenses of administration under Bankruptcy Law. 

The Issuer’s obligations under this Section 7.07 and any claim or lien arising hereunder shall survive the resignation or removal of any
Trustee, the satisfaction and discharge of the Issuer’s obligations pursuant to Article 8 and any rejection or termination under any Bankruptcy Law, and the termination of this Indenture. 

Section 7.08. Replacement of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee shall
become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 

  
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 The Trustee may resign at any time by so notifying the Issuer. The Holders of a majority in
outstanding principal amount of the outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuer. The Issuer 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 or is removed, or if a vacancy exists in the office of Trustee for any reason, the Issuer shall promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Issuer. If the
successor Trustee does not deliver its written acceptance required by the next succeeding paragraph of this Section 7.08 within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuer or the Holders of a majority
in principal amount of the outstanding Notes may, at the expense of the Issuer, petition any court of competent jurisdiction for the appointment of a successor Trustee. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuer. Thereupon the
resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided that all sums owing to the Trustee hereunder have been paid and 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,
the Issuer or the Holders of at least 25% in outstanding principal amount of the Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense of the Issuer. 

If the Trustee fails to comply with Section 7.10, any Holder who has been a bona fide Holder of a Note for at least six months may petition
any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding the
replacement of the Trustee pursuant to this Section 7.08, the Issuer’s and the Guarantors’ obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 

Section 7.09. Successor Trustee by Merger. Any corporation into which the Trustee may be merged or converted or with which it may
be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate

  
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trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article 7, without the execution or
filing of any paper or any further act on the part of any of the parties hereto. In case any Notes shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such
authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Trustee had itself authenticated such Notes. In case at that time any of the Notes shall not have been
authenticated, any successor Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor Trustee. In all such cases such certificates shall have the full force and effect which this Indenture
provides for the certificate of authentication of the Trustee shall have; provided that the right to adopt the certificate of authentication of any predecessor Trustee or to authenticate Notes in the name of any predecessor Trustee shall
apply only to its successor or successors by merger, conversion or consolidation. 
 Section 7.10. Eligibility;
Disqualification. The Trustee shall at all times satisfy the requirements of TIA Section 310(a)(1) and (5). 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. No obligor upon the Notes or Person directly controlling, controlled by, or under common control with such obligor shall serve as trustee upon the Notes. The Trustee shall comply with TIA Section 310(b); provided
that there shall be excluded from the operation of TIA Section 310(b)(1) any indenture or indentures under which other securities or certificates of interest or participation in other notes of the Issuer are outstanding if the requirements
for such exclusion set forth in TIA Section 310(b)(1) are met. 
 Section 7.11. Preferential Collection of Claims
Against Issuer. The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent
indicated therein. 
 Section 7.12. Appointment of Co-Trustee. 

(a) It is the purpose of this Indenture that there shall be no violation of any law of any jurisdiction denying or restricting the right of
banking corporations or associations to transact business as trustee in such jurisdiction. It is recognized that in case of litigation under this Indenture, and in particular in case of the enforcement thereof on default, or in the case the Trustee
deems that by reason of any present or future law of any jurisdiction it may not exercise any of the powers, rights or remedies herein granted to the Trustee or hold title to the properties, in trust, as herein granted or take any action which may
be desirable or necessary in connection therewith, it may be necessary that the Trustee appoint an individual or institution as a separate or co-trustee. The following provisions of this Section 7.12 are adopted to these ends. 

(b) In the event that the Trustee appoints an additional individual or institution as a separate or co-trustee, each and every remedy, power,
right, claim, demand, cause of action, immunity, estate, title, interest and lien expressed or intended by this Indenture to 

  
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be exercised by or vested in or conveyed to the Trustee with respect thereto shall be exercisable by and vest in such separate or co-trustee but only to the extent necessary to enable such
separate or co-trustee to exercise such powers, rights and remedies, and only to the extent that the Trustee by the laws of any jurisdiction is incapable of exercising such powers, rights and remedies, and every covenant and obligation necessary to
the exercise thereof by such separate or co-trustee shall run to and be enforceable by either of them. 
 (c) Should any instrument
in writing from the Issuer be required by the separate or co-trustee so appointed by the Trustee for more fully and certainly vesting in and confirming to him or it such properties, rights, powers, trusts, duties and obligations, any and all such
instruments in writing shall to the extent permitted by the laws of The Netherlands, on request, be executed, acknowledged and delivered by the Issuer; provided that if an Event of Default shall have occurred and be continuing, if the Issuer
does not execute any such instrument within 15 days after request therefor, the Trustee shall be empowered as an attorney-in-fact for the Issuer to execute any such instrument in the Issuer’s name and stead. In case any separate or co-trustee
or a successor to either shall die, become incapable or acting, resign or be removed, all the estates, properties, rights, powers, trusts, duties and obligations of such separate or co-trustee, so far as permitted by law, shall vest in and be
exercised by the Trustee until the appointment of a new trustee or successor to such separate or co-trustee. 
 (d) Each separate
trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions: 

(i) all rights and powers, conferred or imposed upon the Trustee shall be conferred or imposed upon and may be exercised or
performed by such separate trustee or co-trustee; and 
 (ii) no trustee hereunder shall be liable by reason of any act or
omission of any other trustee hereunder. 
 (e) Any notice, request or other writing given to the Trustee shall be deemed to have been given
to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Indenture and the conditions of this Article 7. 

(f) Any separate trustee or co-trustee may at any time appoint the Trustee as its agent or attorney-in-fact with full power and authority, to
the extent not prohibited by law, to do any lawful act under or in respect of this Indenture on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successors trustee. 

  
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 ARTICLE 8 

DEFEASANCE; SATISFACTION AND DISCHARGE 

Section 8.01. Issuer’s Option To Effect Defeasance or Covenant Defeasance. The Issuer may, at its option by a
resolution of its board of directors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8. 

Section 8.02. Defeasance and Discharge. Upon the Issuer’s exercise under Section 8.01 of the option applicable to this
Section 8.02, the Issuer and Guarantors shall be deemed to have been discharged from their obligations with respect to the Notes on the date the conditions set forth in Section 8.04 are satisfied (hereinafter, “Legal
Defeasance”). For this purpose, such Legal Defeasance means that the Issuer shall be deemed to have paid and discharged the entire Debt represented by the outstanding Notes and to have satisfied all its other obligations under the
Notes and this Indenture (and the Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder:
(a) the rights of Holders of outstanding Notes to receive, solely from the trust fund described in Section 8.08 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any, on) and interest on such
Notes when such payments are due, (b) the provisions set forth at Section 8.06 below, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Issuer’s and the Guarantors’ obligations in connection
therewith and (d) this Section 8.02. Subject to compliance with this Article 8, the Issuer may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 below with respect to the Notes. If
the Issuer exercises its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default. 
 If
the Issuer exercises its Legal Defeasance option, each Guarantor, if any, shall be released from all its obligations under its Guarantee, and the Trustee shall execute a release of such Guarantee. 

Section 8.03. Covenant Defeasance. Upon the Issuer’s exercise under Section 8.01 of the option applicable to this
Section 8.03, the Issuer and Guarantors shall be released from their obligations under any covenant contained in Sections 4.04 through 4.11, 4.13 through 4.17, 4.19 through 4.21, and 5.01 with respect to the Notes on and after the date the
conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that the Issuer 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, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. 

  
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 Section 8.04. Conditions to Defeasance. In order to exercise either Legal Defeasance
or Covenant Defeasance: 
 (a) the Issuer must irrevocably deposit or cause to be deposited in trust with the Trustee, for the benefit of
the Holders, cash in dollars, U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, in the opinion of an internationally recognized firm of independent public accountants, to pay and discharge the principal
of, premium, if any, and interest, on the outstanding Notes on the Stated Maturity or on the applicable redemption date, as the case may be, and the Issuer must (i) specify whether the Notes are being defeased to Maturity or to a particular
redemption date; and (ii) if applicable, have delivered to the Trustee an irrevocable notice to redeem all of the outstanding Notes of such principal, premium, if any, or interest; 

(b) in the case of an election under Section 8.02, the Issuer must have delivered to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee stating that (x) the Issuer has received from, or there has been published by, the US Internal Revenue Service a ruling, or (y) since the date of this Indenture, there has been a change in applicable US federal income tax
law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of the outstanding Notes will not recognize income, gain or loss for US federal income tax purposes as a result of such Legal Defeasance and will
be subject to US federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(c) in the case of an election under Section 8.03, the Issuer must have delivered to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee to the effect that the Holders of the outstanding Notes will not recognize income, gain or loss for US federal income tax purposes as a result of such Covenant Defeasance and will be subject to US 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; 
 (d) no
Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 

(e) such Legal Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest as defined in this Indenture and
for purposes of the Trust Indenture Act with respect to any of the Issuer’s securities; 
 (f) such Legal Defeasance or Covenant
Defeasance shall not result in a breach or violation of, or constitute a default under (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit), this Indenture or any material agreement or
instrument to which the Issuer or any Restricted Subsidiary is a party or by which the Issuer or any Restricted Subsidiary is bound; 
 (g)
such Legal Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the US Investment Company Act of 1940 unless such trust shall be registered under such Act
or exempt from registration thereunder; 

  
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 (h) the Issuer must have delivered to the Trustee an opinion of independent counsel in the
country of the Issuer’s incorporation to the effect that, as of the date of such opinion and subject to customary assumptions and exclusions, following a period of time after the deposit set forth in such opinion, the trust funds shall not be
subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally; 

(i) the Issuer must have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Issuer with the
intent of preferring the Holders over the other creditors of the Issuer with the intent of defeating, hindering, delaying or defrauding creditors of the Issuer or others, or removing assets beyond the reach of the relevant creditors or increasing
debts of the Issuer to the detriment of the relevant creditors; and 
 (j) the Issuer must have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied with. 

If the funds deposited with the Trustee to effect Covenant Defeasance are insufficient to pay the principal of, premium, if any, and interest
on the Notes when due because of any acceleration occurring after an Event of Default, then the Issuer and the Guarantors will remain liable for such payments. 

Section 8.05. Satisfaction and Discharge of Indenture. This Indenture shall be discharged and shall cease to be of further
effect (except as to surviving rights of registration of transfer or exchange of the Notes as expressly provided under Section 2.06) when: 

(a) the Issuer has irrevocably deposited or caused to be deposited with the Trustee as funds in trust for such purpose an amount in dollars or
U.S. Government Obligations sufficient to pay and discharge the entire Debt on such Notes that have not, prior to such time, been delivered to the Trustee for cancellation, for principal of, premium, if any, and any Additional Amounts and accrued
and unpaid interest on the Notes to the date of such deposit (in the case of Notes which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be and the Issuer has delivered irrevocable instructions to the
Trustee under this Indenture to apply the deposited money toward the payment of Notes at Maturity or on the Redemption Date, as the case may be and either: 

(i) all the Notes that have been authenticated and delivered (other than destroyed, lost or stolen Notes that have been
replaced or paid and Notes for whose payment money has been deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged from such trust as provided for in Section 8.07) have been delivered to
the Trustee for cancellation; or 

  
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 (ii) all Notes that have not been delivered to the Trustee for cancellation
(x) have become due and payable (by reason of the mailing of a notice of redemption or otherwise), (y) will become due and payable at Stated Maturity within one year or (z) are to be called for redemption within one year under
arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the Issuer’s name, and at the Issuer’s expense; 

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

(c) the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that: 

(i) all conditions precedent provided in this Indenture relating to the satisfaction and discharge of this Indenture have been
satisfied; and 
 (ii) such satisfaction and discharge will not result in a breach or violation of, or constitute a default
under, this Indenture or any other agreement or instrument to which the Issuer or any Subsidiary is a party or by which the Issuer or any Subsidiary is bound. 

Section 8.06. Survival of Certain Obligations. Notwithstanding Sections 8.01 and 8.03, any obligations of the Issuer and
the Guarantors in Sections 2.02 through 2.14, 6.07, 7.07 and 7.08 shall survive until the Notes have been paid in full. Thereafter, any obligations of the Issuer and the Guarantors in Section 7.07 shall survive such satisfaction and discharge.
Nothing contained in this Article 8 shall abrogate any of the obligations or duties of the Trustee under this Indenture. 

Section 8.07. Acknowledgment of Discharge by Trustee. Subject to Section 8.09, after the conditions of Section 8.02 or 8.03
have been satisfied, the Trustee upon written request shall acknowledge in writing the discharge of all of the Issuer’s and Guarantor’s obligations under this Indenture except for those surviving obligations specified in this Article 8.

 Section 8.08. Application of Trust Money. Subject to Section 8.09, the Trustee shall hold in trust cash in dollars
or U.S. Government Obligations deposited with it pursuant to this Article 8. It shall apply the deposited cash or U.S. Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of, premium, if
any, interest, and Additional Amounts, if any, on the Notes; but such money need not be segregated from other funds except to the extent required by law. 

Section 8.09. Repayment to Issuer. Subject to Sections 7.07, and 8.01 through 8.04, the Trustee and the Paying Agent shall
promptly pay to the Issuer upon request set forth in an Officer’s Certificate any excess money held by them at any time and thereupon shall be relieved from all liability with respect to such money. The Trustee and the Paying Agent shall pay to
the Issuer upon request any money held by them for the payment of principal, premium, if any, interest or Additional Amounts, if any, that 

  
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remains unclaimed for two years; provided that the Trustee or Paying Agent before being required to make any payment may cause to be published (a) in the Financial Times and
The Wall Street Journal or another leading newspaper in each of London, England and New York, New York, as the case may be, and (b) through the newswire service of Bloomberg or any similar agency or mail to each Holder entitled to such
money at such Holder’s address (as set forth in the Security Register) notice that such money remains unclaimed and that after a date specified therein (which shall be at least 30 days from the date of such publication or mailing) any unclaimed
balance of such money then remaining will be repaid to the Issuer. After payment to the Issuer, Holders entitled to such money must look to the Issuer for payment as general creditors unless an applicable law designates another Person, and all
liability of the Trustee and such Paying Agent with respect to such money shall cease. 
 Section 8.10. Indemnity for Government
Securities. The Issuer shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal, premium, if any, interest, if any, and Additional
Amounts, if any, received on such U.S. Government Obligations. 
 Section 8.11. Reinstatement. If the Trustee or Paying Agent is
unable to apply cash in dollars or U.S. Government Obligations in accordance with this Article 8 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, the Issuer’s and the Guarantors’ obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to this Article 8 until such time as the Trustee or
any such Paying Agent is permitted to apply all such cash or U.S. Government Securities in accordance with this Article 8; provided that, if the Issuer has made any payment of principal of, premium, if any, interest, if any, and Additional
Amounts, if any, on any Notes because of the reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the cash in dollars or U.S. Government Obligations held by the
Trustee or Paying Agent. 
 ARTICLE 9 

AMENDMENTS AND WAIVERS 

Section 9.01. Without Consent of Holders. The Issuer, when authorized by a resolution of its board of directors (as evidenced by
the delivery of such resolution to the Trustee), the Guarantors and the Trustee may modify, amend or supplement this Indenture, any Guarantee or the Notes without notice to or consent of any Holder: 

(i) to evidence the succession of another Person to the Issuer and the assumption by any such successor of the covenants in
this Indenture and in the Notes in accordance with Article 5; 
 (ii) to add to the Issuer’s covenants and those of any
Guarantor or any other obligor upon the Notes for the benefit of the Holders or to surrender any right or power conferred upon the Issuer or any Guarantor or any other obligor upon the Notes, as applicable, in this Indenture, in the Notes or in any
Guarantees; 

  
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 (iii) to cure any ambiguity, or to correct or supplement any provision in this
Indenture, the Notes or any Guarantees that may be defective or inconsistent with any other provision in this Indenture, the Notes or any Guarantees or make any other provisions with respect to matters or questions arising under this Indenture, the
Notes or any Guarantees; provided that, in each case, such provisions shall not adversely affect the interests of the Holders; 

(iv) to release any Guarantor in accordance with and if permitted by the terms of and limitations set forth in this Indenture
to add a Guarantor or other guarantor under this Indenture; 
 (v) to evidence and provide the acceptance of the appointment
of a successor Trustee under this Indenture; 
 (vi) to mortgage, pledge, hypothecate or grant a security interest in favor
of the Trustee for the benefit of the Holders as additional security for the payment and performance of the Issuer’s and any Guarantor’s obligations under this Indenture, in any property, or assets, including any of which are required to
be mortgaged, pledged or hypothecated, or in which a security interest is required to be granted to the Trustee pursuant to this Indenture or otherwise; 

(vii) to provide for the issuance of Additional Notes in accordance with and if permitted by the terms of and limitations set
forth in this Indenture; 
 (viii) to conform any provision to the “Description of the Notes” section of the
offering memorandum relating to the initial issuance of the Notes dated February 7, 2012. 
 Section 9.02. With Consent of
Holders. 
 (a) Except as provided in Section 9.02(b) below and Section 6.04 and without prejudice to Section 9.01, the Issuer, the
Guarantors and the Trustee may: 
 (i) modify, amend or supplement this Indenture or the Notes, or 

(ii) waive compliance by the Issuer with any provision of this Indenture or the Notes, 

with the written consent of the Holders of not less than a majority in aggregate principal amount of the Notes then outstanding (including
consents obtained in connection with a tender offer or in exchange for the Notes). 

  
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 (b) Without the consent of the Holder of each outstanding Note affected thereby, no amendment,
modification, supplement or waiver, including a waiver pursuant to Section 6.04 and an amendment, modification or supplement pursuant to Section 9.01, may: 

(i) change the Stated Maturity of the principal of, or any installment of or Additional Amounts or interest on, any Note; 

(ii) reduce the principal amount of any Note (or Additional Amounts or premium, if any) or the rate of or change the time for
payment of interest on any Note; 
 (iii) change the coin or currency in which the principal of any Note or any premium or
any Additional Amounts or the interest thereon is payable; 
 (iv) impair the right to institute suit for the enforcement of
any payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date); 
 (v)
amend, change or modify the obligation to make and consummate an Excess Proceeds Offer with respect to any Asset Sale in accordance with Section 4.09 or the obligation to make and consummate a Change of Control Offer in the event of a Change of
Control in accordance with Section 4.11, including, in each case, amending, changing or modifying any definition relating thereto; 

(vi) reduce the principal amount of Notes whose Holders must consent to any amendment, supplement or waiver of provisions of
this Indenture; 
 (vii) modify any of the provisions of this Article 9 relating to the waiver of certain covenants, except
to increase the percentage of outstanding Notes required for such actions or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Note affected thereby; 

(viii) except as otherwise permitted under Article 5, consent to the assignment or transfer by the Issuer of any of the
Issuer’s rights or obligations under this Indenture; 
 (ix) release any Guarantees except in compliance with the terms
of this Indenture; 
 (x) make any change to any provisions of this Indenture affecting the ranking or subordination
provisions of the Notes or the Guarantees, in each case in a manner that adversely affects the rights of the Holders; or 

(xi) make any change in Section 4.12 that adversely affects the rights of any Holder or amend the terms of the Notes or this
Indenture in a way that would result in a loss of an exemption from any of the Taxes described thereunder or an exemption from any obligation to withhold or deduct Taxes so described thereunder unless the Issuer or the Guarantors agree to pay
Additional Amounts (if any) in respect thereof in the supplemental indenture. 

  
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 The consent of the Holders is not necessary to approve the particular form of any proposed
amendment, modification, supplement or waiver. It is sufficient if such consent approves the substance of the proposed amendment, modification, supplement or waiver. 

Section 9.03. Amendments to Subordination Provisions and Intercreditor Agreements. 

(a) Each Guarantor agrees, and each Holder by accepting a Note agrees, that the provisions of this Section 9.03 are for the benefit of and
enforceable by the holders of Senior Debt from time to time of such Guarantor. 
 (b) Notwithstanding Section 9.01 and Section 9.02, no
amendment, modification or supplement may be made to this Indenture without the prior written consent of the Senior Agent: 

(i) if to do so would cause the subordination provisions of Section 10.01(d), Section 10.03 and Article 11 hereof to change
such that the interests of any of the holders or Senior Debt or the ranking and/or subordination arrangements provided for in such Section 10.01(d), Section 10.03 and Article 11 are likely to be adversely affected. 

(ii) Each Guarantor and each Holder by accepting a Note agrees not to amend or modify or permit to exist any default provision
hereunder to provide for a “cross-default” rather than a cross-acceleration to any Senior Debt. 
 (c) The Issuer, when authorized
by a resolution of its board of directors (as evidenced by the delivery of such resolution to the Trustee), any Guarantor and the Trustee may, without notice to or consent of any Holder, enter into any intercreditor agreement or deed to give effect
to the ranking and subordination provisions in Section 10.01(d), Section 10.03 and Article 11 hereof for the benefit of any holders of Designated Senior Debt of any Guarantor. Each Holder, by accepting its Note, shall be deemed to have: 

(i) appointed and authorized the Trustee to give effect to such subordination provisions; 

(ii) authorized the Trustee to become a party to any future intercreditor arrangements; 

(iii) agreed to be bound by such subordination provisions and the provisions of any future intercreditor arrangements that do
not materially adversely affect the rights of Holders; and 
 (iv) irrevocably appointed the Trustee to act on its behalf to
enter into and comply with such subordination provisions and the provisions of any future intercreditor arrangements. 

  
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 Section 9.04. Effect of Supplemental Indentures. Upon the execution of any
supplemental indenture under this Article 9, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder theretofore or thereafter authenticated and
delivered hereunder shall be bound thereby. 
 Section 9.05. Notation on or Exchange of Notes. If an amendment,
modification or supplement changes the terms of a Note, the Issuer or Trustee may require the Holder to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note and on any Note subsequently authenticated regarding the
changed terms and return it to the Holder. Alternatively, if the Issuer so determines, the Issuer 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, modification or supplement. 

Section 9.06. Payment for Consent. None of the Issuer, the Guarantors or any Affiliate of the Issuer or the Guarantors
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, amendment, modification or supplement of any of the terms or
provisions of this Indenture or the Notes unless such consideration is offered to be paid to all Holders that so consent, waive or agree to amend, modify or supplement in the time frame set forth in solicitation documents relating to such consent,
waiver or agreement. 
 Section 9.07. Notice of Amendment or Waiver. Promptly after the execution by the Issuer
and the Trustee of any supplemental indenture or waiver pursuant to the provisions of Section 9.02, the Issuer shall give notice thereof to the Holders of each outstanding Note affected, in the manner provided for in Section 13.02(b), setting forth
in general terms the substance of such supplemental indenture or waiver. 
 Section 9.08. Trustee To Sign Amendments;
Etc. The Trustee shall execute any amendment, supplement or waiver authorized pursuant and adopted in accordance with this Article 9; provided that the Trustee may, but shall not be obligated to, execute any such amendment, supplement or
waiver which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall be entitled to receive, if requested, an indemnity reasonably satisfactory to it and to receive, and shall be fully protected in relying
upon, an Opinion of Counsel and an Officer’s Certificate each stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article 9 is authorized or permitted by this Indenture. Such Opinion of Counsel shall be
an expense of the Issuer. 

  
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 ARTICLE 10 

GUARANTEE 

Section 10.01. Notes Guarantees. 

(a) Each Guarantor hereby fully and, subject to the limitations on the effectiveness and enforceability set forth in Section 10.04,
unconditionally guarantees, on an unsecured, senior subordinated, joint and several basis, in each case to each Holder and to the Trustee and its successors and assigns on behalf of each Holder, the full payment of principal of, premium, if any,
interest, if any, and Additional Amounts, if any on, and all other monetary obligations of the Issuer under this Indenture and the Notes (including obligations to the Trustee and the obligations to pay Additional Amounts, if any) with respect to
each Note authenticated and delivered by the Trustee or its agent pursuant to and in accordance with this Indenture, in accordance with the terms of this Indenture (all the foregoing being hereinafter collectively called the
“Obligations”). The Guarantors further agree that the Obligations may be extended or renewed, in whole or in part, without notice or further assent from the Guarantors and that the Guarantors will remain bound under this Article 10
notwithstanding any extension or renewal of any Obligation. All payments under each Guarantee will be made in dollars. 
 (b) The Guarantors
hereby agree that their obligations hereunder shall be as if they were each principal debtor and not merely surety, unaffected by, and irrespective of, any invalidity, irregularity or unenforceability of any Note or this Indenture, any failure to
enforce the provisions of any Note or this Indenture, any waiver, modification or indulgence granted to the Issuer with respect thereto by the Holders or the Trustee, or any other circumstance which may otherwise constitute a legal or equitable
discharge of a surety or guarantor (except payment in full); provided that, notwithstanding the foregoing, no such waiver, modification, indulgence or circumstance shall without the written consent of the Guarantors increase the principal
amount of a Note or the interest rate thereon or change the currency of payment with respect to any Note, or alter the Stated Maturity thereof. The Guarantors hereby waive diligence, presentment, demand of payment, filing of claims with a court in
the event of merger or bankruptcy of the Issuer, any right to require that the Trustee pursue or exhaust its legal or equitable remedies against the Issuer prior to exercising its rights under a Guarantee (including, for the avoidance of doubt, any
right which a Guarantor may have to require the seizure and sale of the assets of the Issuer to satisfy the outstanding principal of, interest on or any other amount payable under each Note prior to recourse against such Guarantor or its assets),
protest or notice with respect to any Note or the Debt evidenced thereby and all demands whatsoever, and each covenant that their Guarantee will not be discharged with respect to any Note except by payment in full of the principal thereof and
interest thereon or as otherwise provided in this Indenture, including Section 10.04. If at any time any payment of principal of, premium, if any, interest, if any, or Additional Amounts, if any, on such Note is rescinded or must be otherwise
restored or returned upon the insolvency, bankruptcy or reorganization of the Issuer, the Guarantors’ obligations hereunder with respect to such payment shall be reinstated as of the date of such rescission, restoration or returns as though
such payment had become due but had not been made at such times. 

  
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 (c) The Guarantors also agree to pay any and all costs and expenses (including reasonable
attorneys’ fees) incurred by the Trustee or any Holder in enforcing any rights under this Section 10.01. 
 (d) Each Guarantor agrees
and each Holder by accepting a Note agrees, for the benefit of the holders of Senior Debt from time to time of such Guarantor, that prior to the date upon which any Senior Debt of a Guarantor has been unconditionally discharged in full, the
obligations of such Guarantor under its Guarantee may not become due, and the Holders and the Trustee may not take any Enforcement Action against such Guarantor without the prior consent of the applicable Senior Agent or Agents unless: 

(i) an Event of Default specified in Section 6.01(a)(x) or (xi) has occurred in relation to such Guarantor; or 

(ii) the holders of Designated Senior Debt have taken any Enforcement Action in relation to such Guarantor; or 

(iii) a Default has occurred under the Notes; and 

(A) the Holders or the Trustee has notified the applicable Senior Agents; 

(B) a period of not less than 90 days (in the case of a payment default) or 179 days (in the case of a non-payment default) has
passed from the date the applicable Senior Agents were first notified of the Default (a “Standstill Period”); and 

(C) at the end of the Standstill Period, the Default is continuing and has not been waived by the Holders. 

Section 10.02. Subrogation.  

(a) Each Guarantor shall be subrogated to all rights of the Holders against the Issuer in respect of any amounts paid to such Holders by such
Guarantor pursuant to the provisions of its Guarantee. 
 (b) The Guarantors agree that they 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. The Guarantors further agree that, as between them, 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 Section 6.02 for the purposes of the Guarantees herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of
the Obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such Obligations as provided in Section 6.02, such Obligations (whether or not due and payable) shall forthwith become due and payable by the
Guarantors for the purposes of this Section 10.02 subject to Sections 10.01(c) and (d) above. 

  
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 Section 10.03. Release of Subsidiary Guarantees. Each Guarantor agrees, and
each Holder by accepting a Note agrees, that the provisions of this Section 10.03 are for the benefit of and enforceable by the holders of Senior Debt of such Guarantor. 

A Guarantee (and any Guarantee provided pursuant to Section 4.15) shall be automatically and unconditionally released and the Guarantor that
granted such Guarantee shall be automatically and unconditionally released from its obligations and liabilities thereunder and hereunder: 

(a) in the event that all of the Capital Stock of such Guarantor is sold pursuant to an enforcement of the Banks’ security over
the Capital Stock of such Guarantor under the applicable security agreements securing obligations under the Senior Credit Facilities, immediately upon such sale of Capital Stock unless such sale is to the Banks, in which case such Guarantee will be
automatically and unconditionally released only in the event that such Banks subsequently sell the Capital Stock of such Guarantor provided that, in either case: 

(i) such Guarantor is simultaneously, irrevocably and unconditionally released (and such obligations are not assumed by the
buyer or an affiliate of the buyer) from all claims with respect to its obligations under, or in respect of, the Senior Credit Facilities and any Pari Passu Debt and Subordinated Debt; and 

(ii) an internationally recognized investment bank selected by a representative of the Banks has delivered to the Trustee (at
the cost of the Issuer) an opinion that the sale price of the Capital Stock of the Guarantor is fair from a financial point of view after taking into account all relevant circumstances including, without limitation, the method of enforcement; or

 (b) upon Legal Defeasance under Section 8.02, to the extent provided therein. 

Section 10.04. Limitation and Effectiveness of Guarantees. Each Guarantee is limited to (i) an amount not to exceed
the maximum amount that can be guaranteed by the Guarantor that gave such Guarantee without rendering such Guarantee, as it relates to such Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar
laws affecting the rights of creditors generally or (ii) the maximum amount otherwise permitted by law. 

Section 10.05. Notation Not Required. Neither the Issuer nor any Guarantor shall be required to make a notation on the
Notes to reflect any Guarantee or any release, termination or discharge thereof. 
 Section 10.06. Successors and
Assigns. This Article 10 shall be binding upon the Guarantors and each of their successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of
rights by any Holder or the Trustee, the rights and privileges conferred upon that party in this Indenture and in the Notes shall automatically extend to and be vested in such transferee or assigns, all subject to the terms and conditions of this
Indenture. 

  
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 Section 10.07. No Waiver. Neither a failure nor a delay on the part of either the
Trustee or the Holders in exercising any right, power or privilege under this Article 10 shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The
rights, remedies and benefits of the Trustee and the Holders herein expressly specified are cumulative and are not exclusive of any other rights, remedies or benefits which either may have under this Article 10 at law, in equity, by statute or
otherwise. 
 Section 10.08. Modification. No modification, amendment or waiver of any provision of this Article 10, nor the
consent to any departure by any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose
for which given. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstance. 

ARTICLE 11 

SUBORDINATION 

Section 11.01. Agreement To Subordinate. Each Guarantor agrees, and each Holder by accepting a Note agrees, that all obligations
and payments pursuant to the Guarantee made by or on behalf of such Guarantor are subordinated to the extent and in the manner provided in this Article 11 to all existing and future obligations of such Guarantor under the Senior Debt of such
Guarantor and that such subordination is for the benefit of and enforceable by the holders of Senior Debt of such Guarantor. Each Guarantee shall in all respects rank senior in right of payment to any future Subordinated Debt of the Guarantor that
made such Guarantee. 
 Section 11.02. Liquidation, Dissolution, Bankruptcy. 

(a) The holders of Senior Debt of each Guarantor will be entitled to receive payment in full in cash of all obligations in respect of such
Senior Debt (including interest after the commencement of any proceedings at the rate specified in the applicable Senior Debt whether or not such interest is allowed or allowable in any such proceeding against such Guarantor under applicable
Bankruptcy Law) before the Holders of Notes will be entitled to receive any payment with respect to the Guarantee of such Guarantor (including, without limitation, as a result of redemption, purchase or other acquisition) with respect to its
Guarantee (except that Holders of Notes may receive and retain Permitted Junior Securities and payments made from the trust described in Section 8.04), in the event of any payment, distribution, division or application, partial or complete,
voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of any kind or character or the proceeds thereof to creditors of such Guarantor in any: 

(i) liquidation or dissolution of such Guarantor; 

  
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 (ii) insolvency, bankruptcy, reorganization, composition, receivership,
administration, voluntary arrangement or similar proceeding relating to such Guarantor or its property; 
 (iii) assignment
for the benefit of the creditors of such Guarantor; or 
 (iv) marshaling of such Guarantor’s assets and liabilities.

 (b) Notwithstanding the foregoing, any payment or distribution of any kind or character (other than Permitted Junior Securities
and payments made from the defeasance trust described in Section 8.04) and all and any rights in respect thereof, whether in cash, securities or other property which is payable or deliverable upon or with respect to the Guarantee owed by a
Guarantor, or any part thereof, by a liquidator, administrator or receiver (or the equivalent thereof) of such Guarantor (“rights”) made to or paid to, or received by the Trustee or any Holder, or to which any of the Trustee or any
Holder are entitled, in each case before all amounts with respect to the Senior Debt of such Guarantor are paid in full shall be held in trust by the Trustee and/or the Holder, as the case may be, for the holders of Senior Debt of such Guarantor and
shall forthwith be paid or, as the case may be, transferred or assigned to the applicable Senior Agent or any other proper representative of the holders of the relevant Senior Debt. 

(c) If the trust referred to in paragraph (b) above fails or cannot be given effect to, or the Trustee (and any agent or trustee on its
behalf) receives and retains any such payment or distribution (and has actual knowledge that such payment or distribution was so prohibited) or the Issuer, will pay over such rights in the form received to the Senior Agent or any other proper
representative of the holders of the relevant Senior Debt to be applied against the relevant Senior Debt (after taking into account any concurrent payment or distribution being made to the holders of such Senior Debt). 

Section 11.03. Payment Blockage. Each Guarantor agrees that it shall not make any payment in respect of its Guarantee
(except in Permitted Junior Securities or from the trust (if any) described in Section 8.04) if: 
 (a) a payment default on
Designated Senior Debt of such Guarantor has occurred and is continuing beyond any applicable grace period; or 
 (b) any other
default occurs and is continuing on any Designated Senior Debt of such Guarantor that permits the holders of that Designated Senior Debt to accelerate its Maturity and the Trustee receives a notice of such default (a “Payment Blockage
Notice”) from the Issuer or the holders of such Designated Senior Debt. 
 Payments on any such Guarantee of a Guarantor
shall and will be resumed: 
 (i) in the case of a payment default, when such default is cured or waived; or 

(ii) in the case of a non-payment default, upon the earlier of the date on which such nonpayment default is cured or waived and
179 days after the date on which the applicable Payment Blockage Notice is received, unless the Maturity of any Designated Senior Debt has been accelerated. 

  
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 No new Payment Blockage Notice may be delivered or be effective unless and until (A) 360
days have elapsed since the delivery of the immediately prior Payment Blockage Notice and (B) all scheduled payments of principal, premium, if any, and interest on the Notes that have come due have been paid in full in cash. No nonpayment
default that existed or was continuing on the date of delivery of a Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice. 

Section 11.04. Trustee Entitled To Rely. Upon any payment or distribution pursuant to this Article 11 the Trustee and the
Holders shall be entitled to rely (i) upon any order or decree of a court of competent jurisdiction in which any proceedings of the nature referred to in Section 11.02 are pending, (ii) upon a certificate of the liquidating trustee or
agent or other Person making such payment or distribution to the Trustee or to the Holders or (iii) upon the Senior Agent or any other proper representative of the holders of the relevant Senior Debt for the purpose of ascertaining the Persons
entitled to participate in such payment or distribution, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article 11. In the event that the Trustee determines,
in good faith, that evidence is required with respect to the right of any Person as a holder of a relevant Guarantor’s Senior Debt to participate in any payment or distribution pursuant to this Article 11, the Trustee may request such Person to
furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and other facts pertinent to the rights of
such Person under this Article 11, and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. The provisions of Sections 7.01, 7.02
and 7.03 shall be applicable to all actions or omissions of actions by the Trustee pursuant to this Article 11. 

Section 11.05. Trustee To Effectuate Subordination of Each Guarantee. Each Holder by accepting the Notes guaranteed by each
Guarantor authorizes and expressly directs the Trustee on such Holder’s behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination of such Guarantor’s Guarantee between the Holders and the
holders of Senior Debt of such Guarantor as provided in this Article 11 and appoints the Trustee as attorney-in-fact for any and all such purposes, and the Trustee shall not be required to take any actions inconsistent with this Indenture.

 Section 11.06. Trustee Not Fiduciary for the Holders of Senior Debt. The Trustee shall not be deemed to owe any fiduciary
duty to the holders of Senior Debt of any Guarantor and shall not be liable to any holder of Senior Debt of any Guarantor if it shall in good faith mistakenly pay over or distribute to Holders or the Issuer, a Guarantor or any other Person, cash,
property or securities to which any holder of Senior Debt of any Guarantor shall be entitled by virtue of this Article 11 or otherwise. With respect to the 

  
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holders of Senior Debt and any Guarantor, the Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth in this Indenture and no implied
covenants or obligations with respect to the holders of Senior Debt or any Guarantor shall be read into this Indenture against the Trustee. 

Section 11.07. Reliance on Subordination Provisions. Each Holder by accepting a Note acknowledges and agrees that the
foregoing subordination provisions are intended to be an inducement and a consideration to any and all holders of existing and future Senior Debt of a Guarantor to acquire and continue to hold, or to continue to hold such Senior Debt and such shall
be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt. 

Section 11.08. Trustee’s Compensation Not Prejudiced. Nothing in this Article 11 shall apply to amounts due to the
Trustee pursuant to other Sections of this Indenture. 
 Section 11.09. Subrogation to Rights of Holders of Senior
Debt. Subject to the unconditional discharge in full of the Senior Debt of a Guarantor and the Guarantors having no further obligations under such Senior Debt, the Holders shall be subrogated (equally and ratably with the holders of all Debt of
such Guarantor which by its express terms is pari passu and subordinated to Senior Debt of such Guarantor to the same extent as such Guarantee is subordinated and which is entitled to like rights of subrogation) to the rights of the holders
of Senior Debt of such Guarantor to receive payments and distributions of cash, property and securities applicable to the Senior Debt until amounts due under such Guarantee shall be paid in full. For purposes of such subrogation, no payments or
distributions to the holders of Senior Debt of such Guarantor of any cash, property or securities to which the Holders or the Trustee would be entitled except for the provisions of this Article 11, and no payments pursuant to the provisions of this
Article 11 to the holders of Senior Debt of such Guarantor by Holders or the Trustee, shall, as among the Guarantor, its creditors (other than the holders of Senior Debt of such Guarantor and the Holders), be deemed to be a payment or distribution
by such Guarantor to or on account of the holders of Senior Debt of such Guarantor. 
 Section 11.10. Provisions
Solely To Define Relative Rights. The provisions of this Article 11 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Debt of each Guarantor on the other hand.
Nothing contained in this Article 11 or elsewhere in this Indenture or in the Notes is intended to or shall (a) impair, as between a Guarantor and the Holders, the obligation of such Guarantor to pay to the Holders of amounts due under its
Guarantee as and when the same shall become due and payable in accordance with its terms; or (b) affect the relative rights against such Guarantor of the Holders and creditors of such Guarantor other than the holders of Senior Debt of such
Guarantor; or (c) prevent the Trustee or the Holder of any Note from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 11 of the holders of Senior
Debt of such Guarantor. 

  
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 Section 11.11. Notice to Trustee. 

(a) Each Guarantor shall give prompt written notice to the Trustee of any fact known to such Guarantor which would prohibit the making of any
payment to or by the Trustee in respect of its Guarantee. Notwithstanding the provisions of this Article 11 or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit
the making of any payment to or by the Trustee in respect of any Guarantee, unless and until a Trust Officer of the Trustee shall have received written notice thereof from the relevant Guarantor, the representative of the holders of Senior Debt of
such Guarantor or from any trustee, fiduciary or agent therefor; and, prior to the receipt of any such written notice, the Trustee, subject to TIA Sections 315(a) through 315(d), shall be entitled in all respects to assume that no such facts exist;
provided that, if a Trust Officer of the Trustee shall not have received the notice provided for in this Section 11.11 at least three Business Days prior to the date upon which by the terms hereof any money may become payable for any purpose
(including, without limitation, the payment of the principal of (and premium, if any) or interest on any Note), then anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such money and
to apply the same to the purpose for which such money was received and shall not be affected by any notice to the contrary which may be received by it within three Business Days prior to such date. 

(b) Subject to TIA Sections 315(a) through 315(d), the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person
representing himself to be a holder of Senior Debt of a Guarantor (or a trustee, fiduciary or agent therefor) to establish that such notice has been given by a holder of Senior Debt of a Guarantor (or a trustee, fiduciary or agent therefor). In the
event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Debt of a Guarantor to participate in any payment or distribution pursuant to this Article 11, the
Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt of the relevant Guarantor held by such Person, the extent to which such Person is entitled to participate in such
payment or distribution and any other facts pertinent to the rights of such Person under this Article 11 and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such
Person to receive such payment. 
 Section 11.12. No Suspense of Remedies. Nothing contained in this Article 11 shall limit the
right of the Trustee or the Holders of Notes to take any action to accelerate the Maturity of the Notes pursuant to Section 6.02 to pursue any rights or remedies hereunder or under applicable law. 

Section 11.13. Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from cash or the
proceeds of Cash Equivalents held in trust under Article 11 hereof by the Trustee (or other qualifying trustee) and which were deposited in accordance with the terms of Article 8 hereof and not in violation of Section 11.04 hereof for the payment of
principal of (and premium, if any) and interest on any Guarantee shall not be subordinated to the prior payment of any Senior Debt of the Guarantor that granted such Guarantee or subject to the restrictions set

  
 99 

 
forth in this Article 11, and none of the Holders shall be obligated to pay over any such amount to such Guarantor or any holder of Senior Debt of such Guarantor or any other creditor of such
Guarantor. 
 Section 11.14. No Waiver; Modification to Senior Debt. No failure by any Senior Agent (on behalf of the
holders of Senior Debt) to exercise, and no delay by any Senior Agent (on behalf of the holders of Senior Debt) in exercising, any right, remedy or power hereunder shall operate as a waiver thereof by any Senior Agent (on behalf of the holders of
Senior Debt), nor shall any single or partial exercise by any Senior Agent (on behalf of the holders of Senior Debt) of any right, remedy or power hereunder preclude any other or future exercise of any other right, remedy or power. Each and every
right, remedy and power hereby granted to any Senior Agent or allowed to any Senior Agent by law or other agreement shall be cumulative and not exclusive the one of any other, and may be exercised by any Senior Agent from time to time. 

Without in any way limiting the generality of the foregoing paragraph, any Senior Agent and the holders of Senior Debt may, at any time and
from time to time, without the consent of or notice to the Holders, without incurring responsibility or liability to the Holders, and without impairing or releasing the subordination provided herein or the obligations hereunder of the Holders, do
any one or more of the following: (a) change the manner, place or terms of payment of, extend the time of payment of, or renew or alter, Senior Debt owed to them or any collateral security or guarantee therefor, or otherwise amend or supplement
in any manner the Senior Debt owed to them or any instrument evidencing the same or any agreement under which Senior Debt owed to them are outstanding; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or
otherwise securing Senior Debt owed to them; (c) release any Person liable in any manner for the Senior Debt owed to them; and (d) exercise or refrain from exercising any rights against the Borrower and any other Person. Each Holder
unconditionally waives notice of the incurring of Senior Debt or any part thereof. 
 Section 11.15. Further Assistance.
The Holders, at their own cost, shall take all further actions as any Senior Agent may reasonably request in order to fully carry out the intent and purpose of these subordination provisions. 

ARTICLE 12 

HOLDERS’ MEETINGS 

Section 12.01. Purposes of Meetings. A meeting of the Holders may be called at any time pursuant to this Article 12 for any
of the following purposes: 
 (a) to give any notice to the Issuer or any Guarantor or to the Trustee, or to give any directions to
the Trustee, or to consent to the waiving of any Default hereunder and its consequences, or to take any other action authorized to be taken by Holders pursuant to Article 9; 

(b) to remove the Trustee and appoint a successor trustee pursuant to Article 7; or 

(c) to consent to the execution of an indenture supplement pursuant to Section 9.02. 

  
 100 

 Section 12.02. Place of Meetings. Meetings of Holders may be held at such
place or places as the Trustee or, in case of its failure to act, the Issuer, any Guarantor or the Holders calling the meeting, shall from time to time determine. 

Section 12.03. Call and Notice of Meetings. 

(a) The Trustee may at any time (upon not less than 21 days’ notice) call a meeting of Holders to be held at such time and at such place
in New York, New York or in such other city as determined by the Trustee pursuant to Section 12.02. Notice of every meeting of Holders, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such
meeting, shall, at the Issuer’s expense, be mailed to each Holder and published in the manner contemplated by Section 13.02(b). 
 (b)
In case at any time the Issuer, pursuant to a resolution of the board of directors, or the Holders of at least 10% in aggregate principal amount at Maturity of the Notes then outstanding, shall have requested the Trustee to call a meeting of the
Holders, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first giving of the notice of such meeting within 20 days after receipt of such request, then the
Issuer or the Holders of Notes in the amount above specified may determine the time (not less than 21 days after notice is given) and the place in New York, New York or in such other city as determined by the Issuer or the Holders pursuant to
Section 12.02 for such meeting and may call such meeting to take any action authorized in Section 12.01 by giving notice thereof as provided in Section 12.01(a). 

Section 12.04. Voting at Meetings. To be entitled to vote at any meeting of Holders, a Person shall be (i) a Holder at the
relevant record date set in accordance with Section 6.15 or (ii) a Person appointed by an instrument in writing as proxy for a Holder or Holders by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any
meeting of Holders shall be the Persons so entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Issuer and any Guarantor and their counsel. 

Section 12.05. Voting Rights, Conduct and Adjournment. 

(a) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any
meeting of Holders in regard to proof of the holding of Notes and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the
right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Notes shall be proved in the manner specified in Section 2.03
and the appointment of any proxy shall be proved in such manner as is deemed appropriate by the Trustee or by having the signature of the 

  
 101 

 
Person executing the proxy witnessed or guaranteed by any bank, banker or trust company customarily authorized to certify to the holding of a Note such as a Global Note. 

(b) At any meeting of Holders, the presence of Persons holding or representing Notes in an aggregate principal amount at Stated Maturity
sufficient under the appropriate provision of this Indenture to take action upon the business for the transaction of which such meeting was called shall constitute a quorum. Subject to any required aggregate principal amount at Stated Maturity of
Notes required for the taking of any action pursuant to Article 9, in no event shall less than a majority of the votes given by Persons holding or representing Notes at any meeting of Holders be sufficient to approve an action. Any meeting of
Holders duly called pursuant to Section 12.03 may be adjourned from time to time by vote of the Holders (or proxies for the Holders) of a majority of the Notes represented at the meeting and entitled to vote, whether or not a quorum shall be
present; and the meeting may be held as so adjourned without further notice. No action at a meeting of Holders shall be effective unless approved by Persons holding or representing Notes in the aggregate principal amount at Stated Maturity required
by the provision of this Indenture pursuant to which such action is being taken. 
 (c) At any meeting of Holders, each Holder or proxy
shall be entitled to one vote for each $1,000 aggregate principal amount at Stated Maturity of outstanding Notes held or represented. 

Section 12.06. Revocation of Consent by Holders at Meetings. At any time prior to (but not after) the evidencing to the
Trustee of the taking of any action at a meeting of Holders by the Holders of the percentage in aggregate principal amount at Maturity of the Notes specified in this Indenture in connection with such action, any Holder of a Note the serial number of
which is included in the Notes the Holders of which have consented to such action may, by filing written notice with the Trustee at its principal Corporate Trust Office and upon proof of holding as provided herein, revoke such consent so far as
concerns such Note. Except as aforesaid, any such consent given by the Holder of any Note shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Note and of any Note issued in exchange therefor, in lieu
thereof or upon transfer thereof, irrespective of whether or not any notation in regard thereto is made upon such Note. Any action taken by the Holders of the percentage in aggregate principal amount at Maturity of the Notes specified in this
Indenture in connection with such action shall be conclusively binding upon the Issuer, the Guarantors, the Trustee and the Holders. This Section 12.06 shall not apply to revocations of consents to amendments, supplements or waivers, which shall be
governed by the provisions of Section 9.04. 
 ARTICLE 13 

MISCELLANEOUS 

Section 13.01. Trust Indenture Act Controls. If and to the extent that any provision of this Indenture limits, qualifies or
conflicts with the duties that would be imposed by, or with another provision (an “incorporated provision”) of the TIA expressly incorporated herein, by reference or otherwise, such duties or incorporated provision
shall control provided that it is understood that TIA Section 316(b) is not incorporated herein to the extent inconsistent with Article 10. 

  
 102 

 Section 13.02. Notices. 

(a) Any notice or communication shall be in writing and delivered in person or mailed by first-class mail or sent by facsimile transmission
addressed as follows: 
 if to the Issuer or a Guarantor: 

Digicel Limited 
 The Dyoll
Building 
 40 Knutsford Boulevard 

Kingston 5, Jamaica, W.I. 

Telephone: 876-511-5000 

Facsimile: 876-960-7270 

Attention: Chief Financial Officer 

if to the Trustee: 
 Deutsche
Bank Trust Company Americas 
 60 Wall Street 

New York, New York 10005 

Facsimile: 212-797-8614 

Attention: Trust and Securities Services 

The Issuer, the Guarantors or the Trustee by notice to the others may designate additional or different addresses for subsequent notices or
communications. 
 (b) Notices to the Holders regarding the Notes shall be: 

(i) given by first-class mail and, in the case of notices given pursuant to Article 3, Section 4.09, Section 4.11, Article 5
and Section 9.07, published (A) in a leading newspaper having general circulation in London (which is expected to be the Financial Times) and in New York (which is expected to be The Wall Street Journal); or (B) through the
newswire service of Bloomberg or any similar agency; and 
 (ii) in the case of certificated Notes, mailed to each Holder by
first-class mail at such Holder’s address as it appears on the registration books of the Registrar. 
 Notices given by first-class
mail shall be deemed given five calendar days after mailing and notices given by publication shall be deemed given on the first date on which publication is made. 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. 

  
 103 

 In case by reason of the suspension of regular mail service or by reason of any other cause it
shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

(c) If the Notes are listed on any securities exchange, notices shall also be given in accordance with any applicable requirements of such
securities exchange. 
 (d) If and so long as the Notes are represented by Global Notes, notice to Holders, in addition to being given in
accordance with Section 13.02(b) above, shall also be given by delivery of the relevant notice to the Depository for communication. 
 (e)
Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice
by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

Section 13.03. Communication by Holders with Other Holders. Holders may communicate pursuant to TIA Section 312(b) with other
Holders with respect to their rights under this Indenture or the Notes. The Issuer, any Guarantor, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 

Section 13.04. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Issuer or any Guarantor
to the Trustee to take or refrain from taking any action under this Indenture (except in connection with the original issuance of the Notes on the date hereof), the Issuer or any Guarantor, as the case may be, shall furnish upon request to the
Trustee: 
 (a) an Officer’s Certificate in form reasonably satisfactory to the Trustee stating that, in the opinion of the signer, all
conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 
 (b) an Opinion
of Counsel in form reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Any Officer’s Certificate may be based, insofar as it relates to legal matters, upon an Opinion of Counsel, unless the officer signing
such certificate knows, or in the exercise of reasonable care should know, that such Opinion of Counsel with respect to the matters upon which such Officer’s Certificate is based are erroneous. Any Opinion of Counsel may be based and may state
that it is so based, insofar as it relates to factual matters, upon certificates of public officials or an Officer’s Certificate stating that the information with respect to such factual matters is in the possession of the Issuer, unless the
counsel signing such Opinion of Counsel knows, or in the exercise of reasonable care should know, that the Officer’s Certificate with respect to the matters upon which such Opinion of Counsel is based are erroneous. 

  
 104 

 Section 13.05. Statements Required in Certificate or Opinion. Every certificate or
opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (a) a statement that each
individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (b) a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(c) a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to
express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (d) a statement as to whether, in
the opinion of each such individual, such condition or covenant has been complied with. 
 Section 13.06. Rules by Trustee, Paying
Agent and Registrar. The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 

Section 13.07. Legal Holidays. If an Interest Payment Date or other payment date is not a Business Day, payment shall be made on
the next succeeding day that is a Business Day, and no interest shall accrue for the intervening period. If a Record Date is not a Business Day, the Record Date shall not be affected. 

Section 13.08. Governing Law. THIS INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 
 Section 13.09. Jurisdiction. The Issuer and each Guarantor agree that any suit, action or proceeding
against the Issuer or any Guarantor brought by any Holder or the Trustee arising out of or based upon this Indenture, the Guarantee or the Notes may be instituted in any state or Federal court in the Borough of Manhattan, New York, New York, and any
appellate court from any thereof, and each of them irrevocably submits to the exclusive jurisdiction of such courts in any suit, action or proceeding. Each of the Issuer and the Guarantors irrevocably waives, to the fullest extent permitted by law,
any objection to any suit, action, or proceeding that may be brought in connection with this Indenture, the Guarantees or the Notes, including such actions, suits or proceedings relating to securities laws of the United States of America or any
state thereof, in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been brought in an inconvenient forum. The Issuer and the Guarantors agree that final judgment in any
such suit, action or proceeding brought in such court shall be conclusive and binding upon the Issuer or any Guarantor, as the case may be, and may be enforced in any court to the jurisdiction of which the Issuer or any Guarantor, as the case may
be, are subject by a suit upon such judgment; provided that service of process is effected upon the Issuer or any Guarantor, as the case 

  
 105 

 
may be, in the manner provided by this Indenture. Each of the Issuer and the Guarantors has appointed CT Corporation System, with offices on the date hereof at 111 Eighth Avenue, New York, New
York, 10011, or any successor, as its authorized agent (the “Authorized Agent”), upon whom process may be served in any suit, action or proceeding arising out of or based upon this Indenture, the Guarantee or the Notes or the
transactions contemplated herein which may be instituted in any state or Federal court in the Borough of Manhattan, New York, New York, by any Holder or the Trustee, and expressly accepts the non-exclusive jurisdiction of any such court in respect
of any such suit, action or proceeding. Each of the Issuer and the Guarantors hereby represents and warrants that the Authorized Agent has accepted such appointment and has agreed to act as said agent for service of process, and the Issuer and the
Guarantors agree to take any and all action, including the filing of any and all documents that may be necessary to continue such respective appointment in full force and effect as aforesaid. Service of process upon the Authorized Agent shall be
deemed, in every respect, effective service of process upon the Issuer and the Guarantors. Notwithstanding the foregoing, any action involving the Issuer or the Guarantors arising out of or based upon this Indenture, the Guarantees or the Notes may
be instituted by any Holder or the Trustee in any other court of competent jurisdiction. 
 Section 13.10. No Recourse Against
Others. A director, officer, employee or shareholder, as such, of the Issuer or any Guarantor shall not have any liability for any obligations of the Issuer or any Guarantor under the Notes, this Indenture or any Guarantee 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. The waiver and release shall be part of the consideration for the issue of the Notes. 

Section 13.11. Successors. All agreements of the Issuer and any Guarantor in this Indenture and the Notes shall bind their
respective successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 Section 13.12. Multiple
Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. 

Section 13.13. Table of Contents, Cross-Reference Sheet and Headings. The table of contents, cross-reference sheet and headings of
the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

Section 13.14. Severability. In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 13.15. Force Majeure. The Trustee shall not incur any liability for not performing any act or fulfilling any duty,
obligation or responsibility hereunder by reason of any occurrence beyond the control of the Trustee (including but not limited to any act 

  
 106 

 
or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the
unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 
 Section 13.16.
Counterparts. This Indenture may be signed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Indenture. 

Section 13.17. USA Patriot Act Language. The parties hereto acknowledge that in order to help the United States government
fight the funding of terrorism and money laundering activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) requires all financial institutions to obtain, verify, record and
update information that identifies each person establishing a relationship or opening an account. The parties to this Indenture agree that they will provide to the Trustee such information as it may request, from time to time, in order for the
Trustee to satisfy the requirements of the USA PATRIOT Act, including but not limited to the name, address, tax identification number and other information that will allow it to identify the individual or entity who is establishing the relationship
or opening the account and may also ask for formation documents such as articles of incorporation or other identifying documents to be provided. 

  
 107 

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

					
	 DIGICEL LIMITED,
 as
Issuer

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory

  
 [Signature Page
Indenture] 

 
					
	 DIGICEL HOLDINGS (BERMUDA) LIMITED,

as Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory
	
	 DIGICEL INTERNATIONAL FINANCE LIMITED,

as Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory
	
	 DIGICEL (CURAÇAO) HOLDINGS B.V.,

as Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory
	
	 (CURAÇAO) TELECOM B.V.,
 as
Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory
	
	 DIGICEL EASTERN CARIBBEAN LIMITED,

as Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory

  
 [Signature Page
Indenture] 

 
					
	 DIGICEL ARUBA HOLDINGS B.V.,
 as
Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory
	
	 DIGICEL CARIBBEAN LTD.,
 as
Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory
	
	 DIGICEL (JAMAICA) LIMITED,
 as
Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory
	
	 DIGICEL HOLDINGS LTD.,
 as
Guarantor

		
	By:	 	 /s/ Liam McGrath

		 	Name:	 	Liam McGrath
		 	Title:	 	Authorized Signatory

  
 [Signature Page
Indenture] 

 
					
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
  

By: Deutsche Bank National Trust Company

		
	By:	 	 /s/ Wanda Camacho

		 	Name:	 	Wanda Camacho
		 	Title:	 	Vice President
		
	By:	 	 /s/ Jeffrey Schoenfeld

		 	Name:	 	Jeffrey Schoenfeld
		 	Title:	 	Associate

  
 [Trustee’s
Signature Page to the Indenture] 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 

[Global Notes Legend] 

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

THIS SECURITY (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “U.S.
SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION
HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER: 
 (1) REPRESENTS THAT (A) IT IS A “QUALIFIED
INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A “QIB”), OR (B) IT IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE U.S. SECURITIES ACT; 

(2) AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY OF ITS
SUBSIDIARIES, (B) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN A TRANSACTION 

  
 A-1 

 
MEETING THE REQUIREMENTS OF RULE 144A, (C) IN AN OFFSHORE TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR 904 OF REGULATION S UNDER THE SECURITIES ACT, (D) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT) THAT, PRIOR TO SUCH TRANSFER,
FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS SECURITY (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL
AMOUNT OF SECURITIES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER, IF THE ISSUER SO REQUESTS, THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE U.S. SECURITIES ACT, (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE U.S. SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER), OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE U.S. SECURITIES ACT AND, IN EACH CASE, IN ACCORDANCE WITH THE APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION; AND 
 (3) AGREES THAT IT WILL
DELIVER TO EACH PERSON TO WHOM THIS SECURITY OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. 
 AS
USED HEREIN, THE TERMS “OFFSHORE TRANSACTION” AND “UNITED STATES” HAVE THE MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE U.S. SECURITIES ACT. THE INDENTURE GOVERNING THIS SECURITY CONTAINS A PROVISION REQUIRING THE
TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS SECURITY IN VIOLATION OF THE FOREGOING. 

  
 A-2 

					
		 	No.	  	
		 	US$:	  	$[         ]
		 	CUSIP No.	  	
		 	ISIN No:	  	

 DIGICEL LIMITED 

$[        ] 

7.000% SENIOR NOTE DUE 2020 
 DIGICEL
LIMITED, a limited liability exempted company, as issuer (the “Issuer”), for value received, promises to pay to CEDE & CO. or registered assigns the principal sum of $         on
February 15, 2020. 
 Interest Payment Dates: February 15 and August 15 

Record Dates: February 1 and August 1 
 Reference is
made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at this place. 
 Dated:
[                    ] 

  
 A-3 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by one
of its duly authorized officers. 
 Dated:
[                    ] 
  

			
	DIGICEL LIMITED
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-4 

			
	 TRUSTEE’S CERTIFICATE OF AUTHENTICATION
  

DEUTSCHE BANK TRUST COMPANY AMERICAS as Trustee, certifies that this is one of the Notes referred to in the Indenture.

 
 By: Deutsche Bank National Trust Company

		
	By:	 	  

		 	Authorized Officer

  
 A-5 

 [FORM OF REVERSE SIDE OF NOTE] 

7.000% Senior Note due 2020 
  

	1.	Interest 

 Digicel Limited, a limited liability exempted company under the laws of
Bermuda (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Issuer”), for value received promises to pay interest on the principal amount of this Note from
February 10, 2012, at the rate per annum shown above. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuer will pay interest on overdue principal at the interest rate borne by the Notes compounded
semiannually, and it shall pay interest on other overdue amounts at the same rate compounded semiannually to the extent lawful. Any interest paid on this Note shall be increased to the extent necessary to pay Additional Amounts as set forth in this
Note. 
  

	2.	Additional Amounts 

 (a) All payments that the Issuer makes under or with respect
to the Notes or that the Guarantors make under or with respect to the Guarantees shall be made free and clear of and without withholding or deduction for or on account of any present or future tax, duty, levy, impost, assessment or other
governmental charge (including, without limitation, penalties, interest and other similar liabilities related thereto) of whatever nature (collectively, “Taxes”) imposed or levied by or on behalf of any jurisdiction in which the
Issuer or any Guarantor is organized or is a resident for tax purposes or from or through which any of the foregoing makes any payment on the Notes or any Guarantee or by or within any department or political subdivision thereof (each, a
“Relevant Taxing Jurisdiction”), unless the Issuer or such Guarantor, as the case may be, is required to withhold or deduct Taxes by law or by the interpretation or administration of law. If the Issuer or a Guarantor is required to
withhold or deduct any amount for or on account of Taxes of a Relevant Taxing Jurisdiction from any payment made under or with respect to the Notes, the Issuer or the Guarantor, as the case may be, shall pay additional amounts in cash
(“Additional Amounts”) as may be necessary to ensure that the net amount received by each Holder after such withholding or deduction (including withholding or deduction attributable to Additional Amounts payable hereunder) will not
be less than the amount the Holder would have received if such Taxes had not been withheld or deducted. 
 (b) Notwithstanding the
foregoing, each of the Issuer and the Guarantors shall pay no Additional Amounts to a Holder or beneficial owner of any Note: 

(i) to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the Holder’s or
beneficial owner’s present or former connection with the Relevant Taxing Jurisdiction (other than a connection arising by reason of the acquisition, ownership, holding or disposition of Notes or by reason of the receipt of payments thereunder
or under any Guarantee or the exercise or enforcement of rights under any Notes or the Indenture or under any Guarantee); 

  
 A-6 

 (ii) to the extent the Taxes giving rise to such Additional Amounts would not
have been imposed but for the failure of the Holder or beneficial owner of Notes, following the Issuer’s written request addressed to the Holder, to the extent such Holder or beneficial owner is legally entitled to do so, to comply with any
certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Relevant Taxing Jurisdiction, as a precondition to exemption from, or reduction in the rate
of deduction or withholding of, Taxes imposed by the Relevant Taxing Jurisdiction (including, without limitation, a certification that the Holder or beneficial owner is not resident in the Relevant Taxing Jurisdiction); 

(iii) with respect to any estate, inheritance, gift, sales, transfer or personal property tax or any similar Taxes; 

(iv) if such Holder is a fiduciary or partnership or Person other than the sole beneficial owner of such payment and the Taxes
giving rise to such Additional Amounts would not have been imposed on such payment had such Holder been the beneficiary, partner or sole beneficial owner, as the case may be, of such Note (but only if there is no material cost or expense associated
with transferring such Note to such beneficiary, partner or sole beneficial owner and no restriction on such transfer that is outside the control of such beneficiary, partner or sole beneficial owner); 

(v) to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the presentation by the
Holder of any Note, where presentation is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

(vi) with respect to any withholding or deduction that is imposed on a payment to an individual and that is required to be made
pursuant to the European Council Directive on the taxation of savings income which was adopted by the ECOFIN Council on June 3, 2003 or any law implementing or complying with, or introduced in order to conform to, such directive (the
“EU Savings Tax Directive”) or is required to be made pursuant to the Agreement between the European Community and the Swiss Confederation dated of October 26, 2004 providing for measures equivalent to those laid down in the EU
Savings Tax Directive (the “EU-Swiss Savings Tax Agreement”) or any law or other governmental regulation implementing or complying with, or introduced in order to conform to, such agreement; and 

(vii) with respect to any combination of the items listed above. 

The Issuer and the Guarantors shall also make such withholding or deduction of Taxes required by applicable law and remit the full amount of
Taxes so deducted or withheld to the relevant Taxing Authority in accordance with all applicable laws. The Issuer and the Guarantors shall make reasonable best efforts to obtain certified copies of 

  
 A-7 

 
tax receipts evidencing the payment of any Taxes so deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes. The Issuer and the Guarantors shall provide to the Trustee,
within a reasonable time after the date the payment of any Taxes so deducted or withheld is due pursuant to applicable law, either a certified copy of tax receipts evidencing such payment or, if such tax receipts are not reasonably available to the
Issuer or such Guarantor, such other documentation that provides reasonable evidence of such payment by the Issuer or such Guarantor. 
 (c)
At least 30 calendar days prior to each date on which any payment under or with respect to the Notes is due and payable, if the Issuer or any Guarantor shall be obligated to pay Additional Amounts with respect to such payment (unless such obligation
to pay Additional Amounts arises after the 30th day prior to the date on which payment under or with respect to the Notes is due and payable, in which case it will be promptly thereafter), the Issuer shall deliver to the Trustee and Paying Agent an
Officer’s Certificate stating that such Additional Amounts will be payable and the amounts so payable and setting forth such other information as is necessary to enable such Trustee and Paying Agent to pay such Additional Amounts to the Holders
on the payment date. The Issuer shall promptly publish a notice in accordance with Section 13.02 stating that such Additional Amounts will be payable and describing its obligations to pay such amounts. 

In addition, the Issuer or any Guarantor, as the case may be, shall pay (i) any present or future stamp, issue, registration, court
documentation, excise or other similar taxes, charges and duties, including interest and penalties with respect thereto, imposed by any Relevant Taxing Jurisdiction in respect of the execution, issue, registration or delivery of the Notes or any
Guarantee or any other document or instrument referred to thereunder and (ii) any such taxes, charges or duties imposed by any jurisdiction as a result of, or in connection with, the enforcement of the Notes or any Guarantee and/or any other
such document or instrument. 
 (d) The foregoing provisions shall survive any termination, defeasance or discharge of the Indenture and
shall apply mutatis mutandis to any jurisdiction in which any Surviving Entity (as defined in Section 5.01(b)(i)) is organized or resident for tax purposes or any political subdivision or taxing authority or agency thereof or therein or any
jurisdiction from or through which payment is made by such Surviving Entity. 
 (e) Whenever the Indenture or the Notes refer to, in any
context, the payment of principal, premium, if any, interest or any other amount payable under or with respect to any Note, such reference shall be deemed to include mention of the payment of Additional Amounts or indemnification payments as
described hereunder, to the extent that in such context Additional Amounts or indemnification payments are, were or would be payable in respect thereof pursuant to this Section 4.12. 

(f) The Issuer and the Guarantors, jointly and severally, shall indemnify and hold harmless the Holders and, upon written request of any
Holder, reimburse such Holder for the amount of (i) any Taxes levied or imposed by a Relevant Taxing Jurisdiction and payable by such Holder in connection with payments made under or with 

  
 A-8 

 
respect to the Notes held by such Holder or any Guarantees; and (ii) any Taxes levied or imposed with respect to any reimbursement under the foregoing clause (i) or this clause (ii), so that
the net amount received by such Holder after such reimbursement shall not be less than the net amount such Holder would have received if the Taxes giving rise to the reimbursement described in clauses (i) and/or (ii) had not been imposed,
provided, however, that the indemnification obligation provided for in this paragraph (f) shall not extend to Taxes imposed for which the eligible Holder of the Notes would not have been eligible to receive payment of Additional
Amounts hereunder or to the extent such Holder received Additional Amounts with respect to such payments. 
  

	3.	Method of Payment 

 The Issuer shall pay interest on this Note (except defaulted
interest) to the persons who are registered Holders of this Note at the close of business on the Record Date for the next Interest Payment Date even if this Note is cancelled after the Record Date and on or before the Interest Payment Date. The
Issuer shall pay principal and interest in dollars in immediately available funds that at the time of payment is legal tender for payment of public and private debts; provided that payment of interest may be made at the option of the Issuer
by check mailed to the Holder. 
 The amount of payments in respect of interest on each Interest Payment Date shall correspond to the
aggregate principal amount of Notes represented by the Regulation S Global Note and the Restricted Global Note, as established by the Registrar at the close of business on the relevant Record Date. Payments of principal shall be made upon surrender
of the Regulation S Global Note and the Restricted Global Note to the Paying Agent. 
  

	4.	Paying Agent and Registrar 

 Initially, Deutsche Bank Trust Company Americas or one of
its affiliates will act as Paying Agent and Registrar. The Issuer or any of its Affiliates may act as Paying Agent, Registrar or co-Registrar. 
  

	5.	Indenture 

 The Issuer issued the Notes under an indenture dated as of
February 10, 2012 (the “Indenture”), among the Issuer, the Guarantors, and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”). The terms of the Notes include those stated in the Indenture and
those expressly made part of the Indenture by reference to the U.S. Trust Indenture Act of 1939 as in effect on the date of the Indenture and, to the extent required by any amendment after such date, as so amended (the “U.S. Trust Indenture
Act”). Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture and the U.S. Trust Indenture Act for a
statement of those terms. 
 The Notes are unsecured senior obligations of the Issuer and are issued in an initial aggregate
principal amount at Maturity of $250,000,000. The Indenture imposes certain limitations on the Issuer, the Guarantors and their Affiliates, including, without 

  
 A-9 

 
limitation, limitations on the incurrence of indebtedness and issuance of stock, the payment of dividends and other payment restrictions affecting the Issuer and its subsidiaries, the sale of
assets, transactions with and among Affiliates of the Restricted Subsidiaries, change of control and Liens. 
  

	6.	Optional Redemption 

 (a) At any time prior to February 15, 2015, upon not less than
30 nor more than 60 days’ notice, the Issuer may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes at a Redemption Price of 107.000% of their principal amount, plus accrued and unpaid interest, if any, to
the Redemption Date, with the net proceeds from one or more Public Equity Offerings. The Issuer may only do this, however, if: 

(i) at least 65% of the aggregate principal amount of Notes that were initially issued would remain outstanding immediately
after the proposed redemption; and 
 (ii) the redemption occurs within 90 days after the closing of such Public Equity
Offering. 
 (b) At any time prior to February 15, 2016, upon not less than 30 nor more than 60 days’ notice, the Issuer may
redeem some or all of the notes at a price of 100% of the principal amount of the Notes redeemed plus the Applicable Premium (defined below), plus accrued and unpaid interest, if any, to the Redemption Date. 

“Applicable Premium” means, with respect to any Note on any Redemption Date, the greater of: 

(1) 1.0% of the principal amount of such Note; and 

(2) the excess, if any, of (a) the present value at such Redemption Date of (i) the Redemption Price of such Note at
February 15, 2016 (such Redemption Price being set forth in the table appearing below), plus (ii) all required interest payments due on such Note through February 15, 2016 (excluding accrued but unpaid interest to the Redemption
Date), computed using a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over (b) the principal amount of such Note. 

“Treasury Rate” means, as of any Redemption Date, the yield to maturity as of such Redemption Date of United
States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior to the Redemption Date (or, if
such Statistical Release is no longer published, any publicly available source of similar market data) most nearly equal to the period from the Redemption Date to February 15, 2016; provided, however, that if the period from the
Redemption Date to February 15, 2016 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

  
 A-10 

 (c) At any time on or after February 15, 2016 and prior to Maturity, upon not less than 30
days’ nor more than 60 days’ notice, the Issuer may redeem all or part of the Notes. These redemptions will be in amounts of $200,000 or integral multiples of $1,000 in excess thereof at the following Redemption Prices (expressed as
percentages of their principal amount at Maturity), plus accrued and unpaid interest, if any, to the Redemption Date, if redeemed during the 12-month period beginning February 15 of the years set forth below. This redemption is subject to the
right of holders of record on the relevant regular Record Date that is prior to the Redemption Date to receive interest due on an Interest Payment Date: 
  

					
	 Year
	  	Redemption Price	 
	 2016
	  	 	103.500	% 
	 2017
	  	 	101.750	% 
	 2018 and thereafter
	  	 	100.000	% 

  

	7.	Redemption upon Changes in Withholding Taxes 

 If, as a result of (i) any amendment
to, or change in, the laws (or regulations or rulings promulgated thereunder) of any Relevant Taxing Jurisdiction that becomes effective after February 10, 2012, or any jurisdiction in which any Surviving Entity is organized or resident for tax
purposes or any political subdivision or taxing authority or agency thereof or therein, (ii) or any change in the official application or official interpretation of the laws, treaties, regulations or rulings of any Relevant Taxing Jurisdiction
applicable to the Issuer or any Guarantor, which becomes effective after February 10, 2012, or any jurisdiction in which any Surviving Entity is organized or resident for tax purposes or any political subdivision or taxing authority or agency
thereof or therein, the Issuer or any Guarantor or any Surviving Entity would be obligated to pay on the next date for any payment and as a result of that amendment or change, Additional Amounts or indemnification payments (as described above in
Section 2 of this Note) with respect to the Relevant Taxing Jurisdiction or any jurisdiction in which any Surviving Entity is organized or resident for tax purposes or any political subdivision or taxing authority or agency thereof or therein, that
the Issuer or Guarantor or Surviving Entity reasonably determines it cannot avoid by reasonable measures available to the Issuer or such Guarantor or Surviving Entity, then the Issuer may redeem all, but not less than all, of the Notes, at any time
thereafter, upon not less than 30 nor more than 60 days’ notice delivered to each Holder in accordance with the procedures set forth in the Indenture, at the Redemption Price equal to 100% of their principal amount, plus accrued and unpaid
interest, if any, to the Redemption Date. Prior to the giving of any notice of redemption pursuant to this Section, the Issuer shall deliver to the Trustee (a) a certificate signed by an officer of the Issuer stating that the obligation to pay
Additional Amounts or indemnification payments cannot be avoided by the Issuer or a Guarantor or Surviving Entity taking reasonable measures available to it, and (b) a written opinion of independent legal counsel to the Issuer of recognized
standing to the effect that the Issuer or a Guarantor or Surviving Entity has or will become obligated to pay such Additional Amounts or indemnification payments as a result of such amendment, change, official interpretation or application described
above. 

  
 A-11 

 The Issuer will publish a notice of any optional redemption of the Notes described above in
accordance with the provisions of the Indenture described under Section 13.02. No such notice of redemption may be given more than 60 days before or 365 days after the Issuer first becomes liable to pay any Additional Amount or indemnification
payments. 
  

	8.	Notice of Redemption 

 Notice of redemption will be mailed first-class postage prepaid at
least 30 days but not more than 60 days before the Redemption Date to the Holder of this Note to be redeemed at the addresses contained in the Security Register, except that a redemption notice may be mailed more than 60 days prior to a Redemption
Date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture. If this Note is in a denomination larger than $200,000 of principal amount at Maturity it may be redeemed in part but only in
integral multiples of $1,000 at Maturity. In the event of a redemption of less than all of the Notes, the Notes for redemption will be chosen by the Trustee in accordance with the Indenture. If this Note is redeemed subsequent to a Record Date with
respect to any Interest Payment Date specified above, then any accrued interest will be paid to the Holder at the close of business on such Record Date. If money sufficient to pay the Redemption Price of and accrued interest on all Notes (or
portions thereof) to be redeemed on the Redemption Date is deposited with the applicable Paying Agent on or before the Redemption Date and certain other conditions are satisfied, interest ceases to accrue on such Notes (or such portions thereof)
called for redemption on or after such date. 
  

	9.	Repurchase at the Option of Holders 

 If a Change of Control occurs at any time,
the Issuer shall be required to offer to purchase on the Change of Control Purchase Date all or any part (equal to $200,000 or an integral multiple of $1,000 in excess thereof) of this Note at a purchase price in cash in an amount equal to 101% of
the principal amount hereof, plus any accrued and unpaid interest, premium and Additional Amounts, if any, to the Change of Control Purchase Date (subject to the rights of Holders of record on the relevant record dates to receive interest due on the
relevant interest payment date), provided that the Issuer shall not be required to make a Change of Control Offer if, when a Change of Control occurs, it has given notice of its intention to redeem all of the Notes pursuant to Section 6,
“Optional Redemption,” or Section 7, “Redemption upon Changes in Withholding Taxes,” of this Note. The Issuer shall purchase all Notes properly and timely tendered in the Change of Control Offer and not withdrawn in accordance
with the procedures set forth in such notice. The Change of Control Offer will state, among other things, the procedures that Holders must follow to accept the Change of Control Offer. 

When the aggregate amount of Excess Proceeds exceeds $50.0 million, the Issuer shall, within 20 Business Days, make an offer to purchase (an
“Excess Proceeds Offer”) 

  
 A-12 

 
from all Holders and from the holders of any Pari Passu Debt, to the extent required by the terms thereof, on a pro rata basis, in accordance with the procedures set forth in the Indenture or the
agreements governing any such Pari Passu Debt, the maximum principal amount (expressed as a multiple of $1,000) of the Notes and any such Pari Passu Debt that may be purchased with the amount of the Excess Proceeds. The offer price as to each Note
and any such Pari Passu Debt will be payable in cash in an amount equal to (solely in the case of the Notes) 100% of the principal amount of such Note and (solely in the case of Pari Passu Debt) no greater than 100% of the principal amount (or
accreted value, as applicable) of such Pari Passu Debt, plus in each case accrued and unpaid interest, if any, to the date of purchase. 

To the extent that the aggregate principal amount of Notes and any such Pari Passu Debt tendered pursuant to an Excess Proceeds Offer is less
than the aggregate amount of Excess Proceeds, the Issuer may use the amount of such Excess Proceeds not used to purchase Notes and Pari Passu Debt for general corporate purposes that are not otherwise prohibited by the Indenture. If the aggregate
principal amount of Notes and any such Pari Passu Debt validly tendered and not withdrawn by holders thereof exceeds the aggregate amount of Excess Proceeds, the Notes and any such Pari Passu Debt to be purchased shall be selected by the Trustee on
a pro rata basis (based upon the principal amount of Notes and the principal amount or accreted value of such Pari Passu Debt tendered by each holder). Upon completion of each such Excess Proceeds Offer, the amount of Excess Proceeds will be reset
to zero. 
  

	10.	Denominations 

 The Notes are in denominations of $200,000 and integral multiples of
$1,000 of principal amount at Maturity. The transfer of Notes may be registered, and Notes may be exchanged, as provided in the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay any taxes and fees required by law or permitted by the Indenture. 
  

	11.	Unclaimed Money 

 All moneys paid by the Issuer or the Guarantors to the Trustee or a
Paying Agent for the payment of the principal of, or premium, if any, or interest on, any Notes that remain unclaimed at the end of two years after such principal, premium or interest has become due and payable may be repaid to the Issuer or the
Guarantors, subject to applicable law, and the Holder of such Note thereafter may look only to the Issuer or the Guarantors for payment thereof. 
  

	12.	Discharge and Defeasance 

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

  
 A-13 

	13.	Amendment, Supplement and Waiver 

 (a) The Issuer, when authorized by a resolution of its
board of directors (as evidenced by the delivery of such resolution to the Trustee), the Guarantors and the Trustee may modify, amend or supplement the Indenture, any Guarantee or the Notes without notice to or consent of any Holder: 

(i) to evidence the succession of another Person to the Issuer and the assumption by any such successor of the covenants in the
Indenture and in the Notes in accordance with Article 5 of the Indenture; 
 (ii) to add to the Issuer’s covenants and
those of any Guarantor or any other obligor upon the Notes for the benefit of the Holders or to surrender any right or power conferred upon the Issuer or any Guarantor or any other obligor upon the Notes, as applicable, in the Indenture, in the
Notes or in any Guarantees; 
 (iii) to cure any ambiguity, or to correct or supplement any provision in the Indenture, the
Notes or any Guarantees that may be defective or inconsistent with any other provision in the Indenture, the Notes or any Guarantees or make any other provisions with respect to matters or questions arising under the Indenture, the Notes or any
Guarantees; provided that, in each case, such provisions shall not adversely affect the interests of the Holders; 

(iv) to release any Guarantor in accordance with and if permitted by the terms of and limitations set forth in the Indenture to
add a Guarantor or other guarantor under the Indenture; 
 (v) to evidence and provide the acceptance of the appointment of a
successor Trustee under the Indenture; 
 (vi) to mortgage, pledge, hypothecate or grant a security interest in favor of the
Trustee for the benefit of the Holders as additional security for the payment and performance of the Issuer’s and any Guarantor’s obligations under the Indenture, in any property or assets, including any of which are required to be
mortgaged, pledged or hypothecated, or in which a security interest is required to be granted to the Trustee pursuant to the Indenture or otherwise; 

(vii) to provide for the issuance of Additional Notes in accordance with and if permitted by the terms of and limitations set
forth in the Indenture; and 
 (viii) to conform any provision to the “Description of the Notes” section of the
offering memorandum relating to the initial issuance of the Notes dated February 7, 2012. 

  
 A-14 

 (b) Except as provided in Section 6.04 and Section 9.02(b) of the Indenture and without prejudice
to Section 9.01 of the Indenture, the Issuer, the Guarantors and the Trustee may: 
 (i) modify, amend or supplement the
Indenture or the Notes, or 
 (ii) waive compliance by the Issuer with any provision of the Indenture or the Notes, 

with the written consent of the Holders of not less than a majority in aggregate principal amount of the Notes then outstanding (including consents obtained
in connection with a tender offer or in exchange for the Notes). 
 (c) Without the consent of the Holder of each outstanding Note affected
thereby, no amendment, modification, supplement or waiver, including a waiver pursuant to Section 6.04 of the Indenture and an amendment, modification or supplement pursuant to Section 9.01 of the Indenture, may: 

(i) change the Stated Maturity of the principal of, or any installment of or Additional Amounts or interest on, any Note; 

(ii) reduce the principal amount of any Note (or Additional Amounts or premium, if any) or the rate of or change the time for
payment of interest on any Note; 
 (iii) change the coin or currency in which the principal of any Note or any premium or
any Additional Amounts or the interest thereon is payable; 
 (iv) impair the right to institute suit for the enforcement of
any payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the redemption date); 
 (v)
amend, change or modify the obligation to make and consummate an Excess Proceeds Offer with respect to any Asset Sale in accordance with Section 4.09 of the Indenture or the obligation to make and consummate a Change of Control Offer in the event of
a Change of Control in accordance with Section 4.11 of the Indenture, including, in each case, amending, changing or modifying any definition relating thereto; 

(vi) reduce the principal amount of Notes whose Holders must consent to any amendment, supplement or waiver of provisions of
the Indenture; 
 (vii) modify any of the provisions of Article 9 of the Indenture relating to the waiver of certain
covenants, except to increase the percentage of outstanding Notes required for such actions or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each Note affected thereby;

 (viii) except as otherwise permitted under Article 5 of the Indenture, consent to the assignment or transfer by the Issuer
of any of the Issuer’s rights or obligations under the Indenture; 

  
 A-15 

 (ix) release any Guarantees except in compliance with the terms of the Indenture;

 (x) make any change to any provisions of the Indenture affecting the ranking or subordination provisions of the Notes or
the Guarantees, in each case in a manner that adversely affects the rights of the Holders; or 
 (xi) make any change in
Section 4.12 of the Indenture that adversely affects the rights of any Holder or amend the terms of the Notes or the Indenture in a way that would result in a loss of an exemption from any of the Taxes described thereunder or an exemption from any
obligation to withhold or deduct Taxes so described thereunder unless the Issuer or the Guarantors agree to pay Additional Amounts (if any) in respect thereof in the supplemental indenture. 

The consent of the Holders is not necessary to approve the particular form of any proposed amendment, modification, supplement or waiver. It
is sufficient if such consent approves the substance of the proposed amendment, modification, supplement or waiver. 
 (d) Each Guarantor
agrees, and each Holder by accepting a Note agrees, that the provisions of paragraphs (e) and (f) below are for the benefit of and enforceable by the holders of Senior Debt from time to time of such Guarantor. 

(e) Notwithstanding Section 9.01 and Section 9.02 of the Indenture, no amendment, modification or supplement may be made to this Indenture
without the prior written consent of the Senior Agent: 
 (i) if to do so would cause the subordination provisions of Section
10.01(d), Section 10.03 and Article 11 of the Indenture to change such that the interests of any of the holders or Senior Debt or the ranking and/or subordination arrangements provided for in such Section 10.01(d), Section 10.03 and Article 11 are
likely to be adversely affected. 
 (ii) Each Guarantor and each Holder by accepting a Note agrees not to amend or modify or
permit to exist any default provision hereunder to provide for a “cross-default” rather than a cross-acceleration to any Senior Debt. 

(f) The Issuer, when authorized by a resolution of its board of directors (as evidenced by the delivery of such resolution to the Trustee),
any Guarantor and the Trustee may, without notice to or consent of any Holder, enter into any intercreditor agreement or deed to give effect to the ranking and subordination provisions in Section 10.01(d), Section 10.03 and Article 11 of the
Indenture for the benefit of any holders of Designated Senior Debt of any Guarantor. Each Holder, by accepting its Note, will be deemed to have: 

(i) appointed and authorized the Trustee to give effect to such subordination provisions; 

  
 A-16 

 (ii) authorized the Trustee to become a party to any future intercreditor
arrangements; 
 (iii) agreed to be bound by such subordination provisions and the provisions of any future intercreditor
arrangements that do not materially adversely affect the rights of Holders; and 
 (iv) irrevocably appointed the Trustee to
act on its behalf to enter into and comply with such subordination provisions and the provisions of any future intercreditor arrangements. 
  

	14.	Defaults and Remedies 

 The Notes have the Events of Default as set forth in Section 6.01
of the Indenture. If an Event of Default occurs and is continuing, the Trustee, by notice to the Issuer and the Guarantors, or the registered Holders of not less than 25% in aggregate principal amount of the Notes then outstanding by written notice
to the Issuer and the Guarantors (and to the Trustee if such notice is given by the Holders), subject to certain limitations, may declare all the Notes to be due and payable immediately. Certain events of bankruptcy or insolvency are Events of
Default and shall result in the Notes being due and payable immediately upon the occurrence of such Events of Default. 
 Holders may not
enforce the Indenture or the Notes except as provided in the Indenture, including in the case of the Guarantees, the standstill provisions of Article 10 of the Indenture and the subordination provisions of Article 11 of the Indenture. The Trustee
may refuse to enforce the Indenture or the Notes unless it receives an indemnity satisfactory to it. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Notes may direct the Trustee in its exercise of any trust
or power. The Holders of a majority in aggregate principal amount of the Notes then outstanding by written notice to the Trustee may rescind any acceleration and its consequence if the rescission would not conflict with any judgment or decree and if
all existing Events of Default have been cured or waived except nonpayment of principal, premium, if any, or interest that has become due solely because of such acceleration. The above description of Events of Default and remedies is qualified by
reference, and subject in its entirety, to the provisions of the Indenture. 
  

	15.	Trustee Dealings with the Issuer 

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

  
 A-17 

	16.	No Recourse Against Others 

 A director, officer, employee, or stockholder, as such, of
the Issuer or the Guarantors shall not have any liability for any obligations of the Issuer or the Guarantors under the Notes, the Guarantees 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. The waiver and release are part of the consideration for the issue of the Notes. 
  

	17.	Authentication 

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

	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.	ISIN and CUSIP Numbers 

 The Issuer may have caused ISIN or CUSIP numbers to be printed
on the Notes and directed the Trustee to use such ISIN or CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of any 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. 
  

	20.	Governing Law 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 The Issuer or the Guarantors shall furnish to any Holder upon written request and without charge to
the Holder a copy of the Indenture. Requests may be made to: 
 Digicel Limited 

The Dyoll Building 
 40 Knutsford
Boulevard 
 Kingston 5, Jamaica, W.I. 

Attention: Chief Financial Officer 

  
 A-18 

 SENIOR SUBORDINATED GUARANTEE 

OF 
 [NAME OF GUARANTOR]

 For value received, [Name of Guarantor] (the “Guarantor”) hereby fully and, subject to the limitation on the
effectiveness and enforceability described below and in Section 10.04 of the Indenture, unconditionally guarantees, on an unsecured, senior subordinated, joint and several basis, to each Holder and to the Trustee and its successors and assigns on
behalf of each Holder, the full payment of principal of, premium, if any, interest, if any, and Additional Amounts, if any on, and all other monetary obligations of the Issuer under the Indenture and the Note (including obligations to the Trustee
and the obligations to pay Additional Amounts, if any) with respect to each Note authenticated and delivered by the Trustee or its agent pursuant to and in accordance with the Indenture, in accordance with the terms of the Indenture (all the
foregoing being hereinafter collectively called the “Obligations”). The Guarantor further agrees that the Obligations may be extended or renewed, in whole or in part, as provided in the Indenture without notice or further assent
from the Guarantor and that the Guarantor will remain bound by Article 10 and Article 11 of the Indenture notwithstanding any extension or renewal of any Obligation. All payments under this Senior Subordinated Guarantee shall be made in dollars.

 Capitalized terms not defined herein have the meanings given to such terms in the Indenture. This Senior Subordinated Guarantee shall
be governed by, and construed in accordance with, the laws of the State of New York. 

  
 A-19 

 IN WITNESS WHEREOF, the Guarantor has caused this Senior Subordinated Guarantee to be duly
executed. 
 Dated: [                    ] 

 

			
	 [NAME OF GUARANTOR],
 as
Guarantor

		
	By:	 	  

		 	Name:
		 	Title:

  
 A-20 

 ASSIGNMENT FORM 

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

(Insert assignee’s social security or tax I.D. no.) 
  

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

Your Signature: 
  

					
	  
	 	
	 (Sign exactly as your name appears on the other side of this Note)
	 	
		
	Signature Guarantee:	 	
		
	  
	 	
	(Participant in a recognized signature guarantee medallion program)	 	
			
	Date:	 	  
	 	

 Certifying Signature: 

In connection with any transfer of any Notes evidenced by this certificate occurring prior to the date that is two years after the later of
the date of original issuance of such Notes and the last date, if any, on which the Notes were owned by the Issuer or any Affiliate of the Issuer, the undersigned confirms that such Notes are being transferred in accordance with the transfer
restrictions set forth in such Notes and: 
 CHECK ONE BOX BELOW 
  

							
		 	(1)	 	 ̈	 	to any Guarantor or any Subsidiary; or
				
		 	(2)	 	 ̈	 	pursuant to an effective registration statement under the U.S. Securities Act of 1933; or
				
		 	(3)	 	 ̈	 	pursuant to and in compliance with Rule 144A under the U.S. Securities Act of 1933; or
				
		 	(4)	 	 ̈	 	pursuant to and in compliance with Regulation S under the U.S. Securities Act of 1933; or

  
 A-21 

							
		 	(5)	 	 ̈	 	such Transfer is being made to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933) that has furnished to the Trustee a signed letter containing certain
representations and agreements, in the form which is attached to the Indenture; or
				
		 	(6)	 	  ̈
	 	pursuant to another available exemption from the registration requirements of the U.S. Securities Act of 1933.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by
this certificate in the name of any person other than the registered Holder thereof; provided, however, that if box (3) is checked, by executing this form, the Transferor is deemed to have certified that such Notes are being
transferred to a person it reasonably believes is a “qualified institutional buyer” as defined in Rule 144A under the U.S. Securities Act of 1933 who has received notice that such transfer is being made in reliance on Rule 144A; if box
(4) is checked, by executing this form, the Transferor is deemed to have certified that such transfer is made pursuant to an offer and sale that occurred outside the United States in compliance with Regulation S under the U.S. Securities Act;
if box (5) is checked, by executing this form, the Transferor is deemed to have certified that such Notes are being transferred to a person it reasonably believes is an institutional “accredited investor” (as defined in Rule
501(a)(1), (2), (3) or (7) under the Securities Act of 1933) and such transferee has furnished to the Trustee a signed letter containing certain representations and agreements, in the form which is attached to the Indenture; and if box
(6) is checked, the Trustee may require, prior to registering any such transfer of the Notes, such legal opinions, certifications and other information as the Issuer reasonably requests to confirm that such transfer is being made pursuant to an
exemption from or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933. 
  

			
	Signature:	 	  

 

	
	 Signature Guarantee:

	
	  

	
	 (Participant in a recognized signature guarantee medallion program)

 

							
	Certifying Signature:	 	  
	 	  Date:	 	  

 

			
	Signature Guarantee:	 	  

	
	(Participant in a recognized signature guarantee medallion program)

  
 A-22 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note or a portion thereof repurchased pursuant to Section 4.09 or 4.11 of the Indenture, check the
box:   ̈ 
 If the purchase is in part, indicate the portion (in denominations of
$200,000 or any multiple of $1,000 in excess thereof) to be purchased: 
 Your Signature: 

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

Date: 
  

			
	Certifying Signature:	 	  

  
 A-23 

 SCHEDULE A 

SCHEDULE OF PRINCIPAL AMOUNT 

The following decreases/increases in the principal amount of this Security have been made: 

 

									
	 Date of Decrease/Increase
	  	Decrease in
Principal Amount	  	Increase in
Principal Amount	  	Principal Amount
Following such
Decrease/Increase	  	Notation Made by
or on Behalf of
Registrar
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A-24 

 EXHIBIT B 

FORM OF TRANSFER CERTIFICATE FOR TRANSFER FROM RESTRICTED GLOBAL NOTE/IAI GLOBAL NOTE TO REGULATION S GLOBAL NOTE.* 

(Transfers pursuant to § 2.06(a)(ii) of the Indenture) 

Deutsche Bank Trust Company Americas, as Transfer Agent 
 60 Wall
Street 
 New York, New York 10005 
 Attn: Trust and Securities
Services 
 Re: 7.000% Senior Notes Due 2020 (the “Notes”) 

Reference is hereby made to the Indenture dated as of February 10, 2012 (the “Indenture”) among Digicel Limited,
a limited liability exempted company under the laws of Bermuda, as Issuer, the Guarantors and Deutsche Bank Trust Company Americas, as Trustee. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture.

 This letter relates to $         aggregate principal amount of Notes that are held as
a beneficial interest in the form of the [Restricted Global Note][IAI Global Note](ISIN No. [            ]; CUSIP No.
[            ]) with the Depository in the name of [name of transferor] (the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest
for an equivalent beneficial interest in the Regulation S Global Note (ISIN No. [            ]; CUSIP No. [            ]).

 In connection with such request, the Transferor does hereby certify that such transfer has been effected in accordance with the
transfer restrictions set forth in the Notes and: 
 (a) with respect to transfers made in reliance on Regulation S
(“Regulation S”) under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), does certify that: 

(i) the offer of the Notes was not made to a person in the United States; 

(ii) either (i) at the time the buy order is originated the transferee is outside the United States or the Transferor and
any person acting on its behalf reasonably believe that the transferee is outside the United States or; (ii) the transaction was executed in, on or through the facilities of a designated offshore securities market described in paragraph
(b) of Rule 902 of Regulation S and neither the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States; 

  
 B-1 

 (iii) no directed selling efforts have been made in the United States by the
Transferor, an affiliate thereof or any person their behalf in contravention of the requirements of Rule 903 or 904 of Regulation S, as applicable; 

(iv) the transaction is not part of a plan or scheme to evade the registration requirements of the U.S. Securities Act; and

 (v) the Transferor is not the Issuer, a distributor of the Notes, an affiliate of the Issuer or any such distributor
(except any officer or director who is an affiliate solely by virtue of holding such position) or a person acting on behalf of any of the foregoing. 

(b) with respect to transfers made in reliance on Rule 144 the Transferor certifies that the Notes are being transferred in a transaction
permitted by Rule 144 under the U.S. Securities Act. 
 You, the Issuer, the Guarantors and the Trustee are entitled to rely upon this
letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the
meanings set forth in Regulation S. 
  

			
	[Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Date: 
 cc: 

Attn: 
  

	*	If the Note is a Definitive Note, appropriate changes need to be made to the form of this transfer certificate. 

  
 B-2 

 EXHIBIT C 

FORM OF TRANSFER CERTIFICATE FOR TRANSFER FROM REGULATION S GLOBAL NOTE/IAI GLOBAL NOTE TO RESTRICTED GLOBAL NOTE 

(Transfers pursuant to § 2.06(a)(iii) of the Indenture) 

Deutsche Bank Trust Company Americas, as Transfer Agent 
 60 Wall
Street 
 New York, New York 10005 
 Attn: Trust and Securities
Services 
 Re: 7.000% Senior Notes Due 2020 (the “Notes”) 

Reference is hereby made to the Indenture dated as of February 10, 2012 (the “Indenture”) among Digicel Limited,
a limited liability exempted company under the laws of Bermuda, as Issuer, the Guarantors and Deutsche Bank Trust Company Americas, as Trustee. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture.

 This letter relates to $         aggregate principal amount at Maturity of Notes that
are held in the form of the [Regulation S Global Note][IAI Global Note] with the Depository (ISIN No. [            ]; CUSIP No.
[            ]) in the name of [name of transferor] (the “Transferor”) to effect the transfer of the Notes in exchange for an equivalent beneficial interest in the
Restricted Global Note (ISIN No. [            ]; CUSIP No. [            ]). 

In connection with such request, and in respect of such Notes the Transferor does hereby certify that such Notes are being transferred in
accordance with the transfer restrictions set forth in the Notes and that: 
 CHECK ONE BOX BELOW 

 

	 	 ̈	the Transferor is relying on Rule 144A under the Securities Act for exemption from such Act’s registration requirements; it is transferring such Notes to a person it reasonably believes is a QIB as defined in Rule
144A that purchases for its own account 

  

	 	 ̈	the Transferor is relying on an exemption other than Rule 144A from the registration requirements of the Securities Act 

  
 C-1 

 You, the Issuer, the Guarantors, and the Trustee are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 

 

			
	[Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Date: 
 cc: 

Attn: 

  
 C-2 

 EXHIBIT D 

FORM OF CERTIFICATE FROM ACQUIRING ACCREDITED INVESTOR 

(Transfers pursuant to § 2.06(b)(iv) of the Indenture) 

Deutsche Bank Trust Company Americas, as Transfer Agent 
 60 Wall
Street 
 New York, New York 10005 
 Attn: Trust and Securities
Services 
 Re: 7.000% Senior Notes Due 2020 (the “Notes”) 

Reference is hereby made to the Indenture dated as of February 10, 2012 (the “Indenture”) among Digicel Limited,
a limited liability exempted company under the laws of Bermuda, as Issuer, the Guarantors and Deutsche Bank Trust Company Americas, as Trustee. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture.

 In connection with our proposed purchase of $         aggregate principal amount of a
beneficial interest in a [Restricted Global Note][Regulation S Global Note] we confirm that: 
 1. We understand that any subsequent
transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture, and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein
except in compliance with, such restrictions and conditions and the Securities Act. 
 2. We understand that the offer and sale of the Notes
have not been registered under the Securities Act, and that the Notes and any interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are
acting as hereinafter stated, that if we should sell the Notes or any interest therein, we will do so only (a) to the Issuer, (b) so long as the Notes are eligible for resale pursuant to Rule 144A under the Securities Act to a person whom
we reasonably believe is a qualified institutional buyer within the meaning of Rule 144A purchasing for its own account or for the account of a qualified institutional buyer, in each case, to whom notice is given that the offer, resale, pledge or
other transfer is being made in reliance on Rule 144A, (c) to non-U.S. persons in offshore transactions in accordance with Rule 904 of Regulation S under the Securities Act, (d) pursuant to Rule 144 under the Securities Act,
(e) pursuant to an effective registration statement under the Securities Act or (f) in any other transaction that does not require registration under the Securities Act, and we further agree to provide to any person purchasing the
beneficial interest in a Global Note from us in a transaction meeting the requirements of any of clauses (a) through (f) of this paragraph a notice advising such purchaser that resales thereof are restricted as stated herein. 

  
 D-1 

 3. We understand that, on any proposed resale of the Notes or beneficial interest therein, we
will be required to furnish to you and the Issuer such certifications, legal opinions and other information as you and the Issuer may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further
understand that the Notes purchased by us will bear a legend to the foregoing effect. 
 4. We are an institutional “accredited
investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our
investment in the Notes, and we and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 

5. We are acquiring the Notes or beneficial interest therein purchased by us for our own account or for one or more accounts (each of which is
an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 
 6. We are acquiring a
minimum principal amount of $250,000 of the Notes for investment purposes and not with a view to or for offer or sale in connection with any distribution in violation of the Securities Act. 

You, the Issuer, the Guarantors and the Trustee are entitled to rely upon this letter and are irrevocably authorized to produce this letter or
a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	[Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Date: 
 cc: 

Attn: 

  
 D-2

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