Document:

Employment and Separation Agreement

 Exhibit 10.1 
 TANDUS GROUP, INC. 
 EMPLOYMENT AND SEPARATION AGREEMENT 
 THIS AGREEMENT is made as of August 31, 2006, between Tandus Group, Inc. (“Parent”), Collins & Aikman Floorcoverings, Inc.
(the “Company”), and Edgar M. Bridger (“Executive”). 
 Contemporaneously with the execution of this
Agreement, Executive delivered to Parent and the Company the letter attached as Exhibit A hereto, pursuant to which Executive resigned from the board of directors of Parent, the Company and each of the Subsidiaries (as defined below) and
consented to amendment of the CAF Holdings, Inc. Investor Rights Agreement dated as of January 25, 2001 (as amended from time to time, the “Investor Rights Agreement”) to provide for such resignation notwithstanding his
continuing service as Chief Executive Officer of Parent under the terms of this Agreement. In consideration of the mutual covenants contained herein and the General Release executed and delivered by Executive to the Company on the date hereof and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Employment. Executive is employed by the Company. The Company shall continue to employ Executive, and Executive hereby agrees that his continuing employment with the Company shall be, upon the terms and conditions set forth in
this Agreement for the period beginning on the date hereof and ending as provided in Section 4 (the “Employment Period”). 
 2. Position and Duties. 
 (a) Until execution of this Agreement, Executive served as the chief
executive officer and president of Parent and the Company, a director of Parent and the Company, an employee of the Company, and as chief executive officer, president and/or chairman of certain of the Subsidiaries and served in no other positions or
capacities in respect of Parent or the Company. During the Executive Employment Period (as defined below), but only until the date on which the Company hires a replacement chief executive officer, Executive shall serve as the chief executive officer
and president, and remain an employee, of the Company and shall have the normal duties, responsibilities, functions and authority of the chief executive officer and president, subject to the power and authority of the Board of Directors of the
Company (the “Board”) to expand or limit such duties, responsibilities, functions and authority and to overrule actions of officers of the Company. During such period, Executive shall (i) render such administrative, sales,
marketing, financial and other executive and managerial services to the Company which are consistent with Executive’s position as the Board may from time to time direct and (ii) cooperate with the Company in recruiting and hiring a
replacement chief executive officer as reasonably requested by the Company. From the date upon which a replacement chief executive officer is hired by the Company until the Separation Date (as defined below) (or, if earlier, the date on which
Executive becomes Disabled (as defined below) or incapacitated (as determined by the Board in its good faith judgment)), Executive shall serve the Company in such 

 
capacity (and with such title) as is reasonably requested by the Board to facilitate the transition from Executive to the replacement chief executive
officer. 
 (b) During the Executive Employment Period, Executive shall report to the Board and shall devote his best efforts and his full
business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the Company and the Subsidiaries. During any portion of the Employment Period other than the
Executive Employment Period, Executive shall render only such services as are specifically requested by the Company’s chief executive officer from time to time in writing, shall only have such powers and authority as are expressly granted by
the Board or the Company’s chief executive officer from time to time in writing, and shall perform all such services, if any, from his personal residence. During the Consultancy Period (as defined below), Executive shall render such
administrative, sales, marketing, financial and other executive and managerial services on behalf of the Company and the Subsidiaries as the Board or the Company’s chief executive officer may reasonably request from time to time in writing.
Executive shall perform his duties, responsibilities and functions to the Company and the Subsidiaries hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s and
the Subsidiaries’ policies and procedures in all material respects. 
 (c) For purposes of this Agreement,
“Subsidiaries” shall mean any corporation or other entity of which the securities or other ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of
determination, owned by the Company, directly or through one of more Subsidiaries. 
 (d) Executive currently serves as chief executive
officer and president of Parent, but is not an employee of Parent. Executive also currently serves as chief executive officer, president and/or chairman of certain of the Subsidiaries. Executive shall continue to serve in such manner as the chief
executive officer, president and/or chairman, as applicable, of Parent and such Subsidiaries, without compensation, with the normal duties, responsibilities, functions and authority of the chief executive officer, president and/or chairman, as
applicable, subject to the power and authority of the Board of Directors of Parent and each of such Subsidiaries to remove Executive at any time from any or all of such positions with the respective entity for any or no reason and subject to
Executive’s resignation from such positions at any time by written notice to Parent and such Subsidiaries as appropriate. 
 3.
Compensation and Benefits. 
 (a) During the Employment Period, Executive’s base salary shall be $380,000 per annum (the
“Base Salary”), which salary shall be pro rated based on the number of days elapsed during any partial year and be payable by the Company in regular installments in accordance with the Company’s general payroll practices (in
effect from time to time). In addition, during the Employment Period, Executive shall be entitled to participate in the Company’s employee benefit programs in which Executive participates as of the date of this Agreement, as amended and as they
apply generally to Company employees from time to time hereafter. 
  

 -2- 

 (b) During the Consultancy Period, subject to the conditions set forth in Section 3(d) below,
Executive shall be entitled to (i) consulting fees payable at the rate of $380,000 per year, which consulting fees shall be pro rated based on the number of days elapsed during any partial year and be payable by the Company in regular
installments in accordance with the Company’s general payroll practices as in effect from time to time (the “Consulting Fees”), and (ii) health insurance benefits pursuant to benefit programs as in effect on
January 27, 2007, as amended and as they apply to consultants to the Company from time to time thereafter (“Health Benefits”). Notwithstanding the foregoing, Executive shall not be entitled to Health Benefits with respect to
any period commencing on or after such time as Executive commences any relationship with a third party if (x) in connection therewith he is eligible to participate in such third party’s health plan (regardless of whether Executive
participates in such plan) or (y) such relationship, if recharacterized as an employment relationship, would cause Executive to be eligible to participate in such third party’s health plan. 
 (c) During the Severance Period (as defined below), but only for so long as no Contract Breach (as defined below) shall have occurred and subject to the
conditions set forth in Section 3(d) below, Executive shall be entitled to severance payments at the rate of $380,000 per year, which severance payments shall be pro rated based on the number of days elapsed during any partial year and
be payable by the Company in regular installments in accordance with the Company’s general payroll practices as in effect from time to time (the “Severance Payments”). 
 (d) Executive shall not in any event be entitled to any Consulting Fees or Health Benefits during the Consultancy Period, or any Severance Payments
during the Severance Period, unless (i) within the first 30 days of the Consultancy Period, Executive shall have executed and delivered to the Company the General Release in form and substance as set forth in Exhibit B attached
hereto and the General Release shall have become effective, and (ii) each provision of the General Release and each provision of Section 5, Section 6 or Section 7 of this Agreement shall be valid and remain
binding on Executive, Executive shall not at any time have claimed in writing that any provision of the General Release or of Section 5, Section 6 or Section 7 of this Agreement is not, or shall have ceased to be,
valid and binding on Executive, and Executive shall not have breached any of such provisions. Except as specifically provided for in the Company’s employee benefit plans or as otherwise expressly required by applicable law, Executive shall not
be entitled to any salary, benefits, consulting fees, severance payments or other compensation after the Separation Date except (x) during the Consultancy Period, if any, Consulting Fees and Health Benefits to the extent required pursuant to
Section 3(b) above, and (y) during the Severance Period, if any, Severance Payments to the extent required pursuant to Section 3(c) above. 
 (e) During the Employment Period, the Company shall reimburse Executive for reasonable business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement, and during the
Consultancy Period, if any, the Company shall reimburse Executive for reasonable business expenses incurred by him in the course of performing his duties and responsibilities as specifically requested hereafter in writing by the Board or the
Company’s chief executive officer. In any event, the Company shall be obligated to reimburse Executive only to the extent consistent with the Company’s policies in effect from time 

  

 -3- 

 
to time with respect to travel, entertainment and other business expenses, and subject to the Company’s requirements with respect to reporting and
documentation of such expenses. 
 (f) In addition to the Base Salary, so long as Executive does not resign from his positions as chief
executive officer or president of the Company (other than at the written request of the Board), is not terminated for Cause (as defined below) and otherwise complies with his obligations under this Agreement, Executive shall be eligible to receive a
bonus pursuant to the Company’s existing bonus plan for the Company’s 2006 fiscal year ending January 27, 2007 (“Fiscal 2006”). 
 (g) All amounts payable to Executive as compensation hereunder, whether during or with respect to the Employment Period, any Consultancy Period or any Severance Period, shall be subject to all required and customary
withholding by the Company and the Subsidiaries. 
 4. Term. 
 (a) The “Employment Period” shall begin on the date of this Agreement and end on the first to occur of (i) January 27, 2007,
(ii) Executive’s death, or (iii) termination by the Company at any time for Cause or Executive’s resignation other than at the written request of the Board (the date on which such period ends, whether pursuant to clause (i),
(ii), or (iii) preceding, the “Separation Date”). If, prior to the Separation Date, Executive (x) resigns at the written request of the Board from his positions as chief executive officer and president of the Company,
(y) is terminated by the Company without Cause, from his positions as chief executive officer and president of the Company, or (z) becomes Disabled or incapacitated (as determined by the Board in its good faith judgment), the
“Executive Employment Period” shall mean that portion of the Employment Period that ends on the date upon which the first of the events described in clauses (x), (y) and (z) preceding occurs. Except as otherwise provided
herein, any termination of the Employment Period, or termination of Executive from his officer positions as described in clause (y) above, by the Company shall be effective as specified in a written notice from the Company to Executive.

 (b) If and so long as Executive remains employed by the Company pursuant to this Agreement through January 27, 2007, Executive shall
be entitled to a Consultancy Period. In such event, the “Consultancy Period” shall commence on January 28, 2007, shall continue only so long as Executive has complied and continues to comply in all respects with his obligations
under this Agreement, and shall end not later than July 27, 2008. During the Consultancy Period, Executive shall render consulting services to the Company and the Subsidiaries as reasonably requested by the Company, through the Board or the
Company’s chief executive officer from time to time. The Company may terminate the Consultancy Period at any time for Cause (other than solely pursuant to clause (iii) of the definition thereof) by written notice to Executive. 

(c) If the Company terminates the Consultancy Period for Cause as permitted by Section 4(b) above, or if Executive dies during the
Employment Period or the Consultancy Period, then the period from the date of such termination for Cause or death through July 27, 2008 shall be deemed the “Severance Period” for purposes hereof. Notwithstanding the 

  

 -4- 

 
foregoing, if the Company terminates the Consultancy Period for Cause on account of a Contract Breach, there shall be no Severance Period and Executive shall
not be entitled to any salary, consulting fees, severance payments or other compensation or benefits from the Company or the Subsidiaries with respect to any period commencing on or after the date of such termination of the Consultancy Period,
except as otherwise specifically provided for under the Company’s employee benefit plans or as otherwise expressly required by applicable law. The foregoing shall not be in limitation of, but in addition to, any remedy or remedies available to
the Company or Parent on account of such Contract Breach. 
 (d) If the Employment Period is terminated by the Company for Cause or Executive
resigns (other than at the written request of the Board), Executive shall be entitled to receive Base Salary only through the Separation Date and shall not be entitled to any salary, consulting fees, severance payments or other compensation or
benefits from the Company or the Subsidiaries with respect to any period commencing on or after the Separation Date, except as otherwise specifically provided for under the Company’s employee benefit plans or as otherwise expressly required by
applicable law. 
 (e) The Company may offset any amounts Executive owes it or any of the Subsidiaries against any amounts it or the
Subsidiaries owes Executive hereunder. 
 (f) For purposes of this Agreement, “Cause” shall mean with respect to Executive
one or more of the following: (i) the commission of a felony, the commission of any other crime which involves moral turpitude or the commission of any other act or omission involving dishonesty, disloyalty or fraud with respect to Parent, the
Company or any of the Subsidiaries or any customer or supplier of any of the foregoing, (ii) conduct that brings or is reasonably likely to bring Parent, the Company or any of the Subsidiaries into public disgrace or disrepute,
(iii) failure to perform any duty as reasonably directed by the Board, which failure is not cured within 10 days after notice thereof is provided to Executive by the Board, (iv) breach of fiduciary duty, gross negligence or willful
misconduct with respect to Parent, the Company or any of the Subsidiaries or (vi) a Contract Breach. Any rights of the Company to terminate Executive for Cause under this Agreement shall not be in limitation of, but shall be in addition to, any
remedy or remedies available to the Company or Parent on account of the basis for such termination for Cause (e.g., a Contract Breach). Notwithstanding the foregoing, the Company agrees that no action taken by the Executive prior to the execution of
this Agreement, to the extent any of Richard J. Goldstein, Jason A. Mehring and Daniel G. MacFarlan has actual knowledge thereof prior to the execution hereof, shall serve as the primary basis for any termination for Cause. 
 (g) For purposes of this Agreement, Executive shall be deemed to be “Disabled” if Executive is unable to perform the essential duties,
responsibilities and functions of his position with the Company and the Subsidiaries as a result of any mental or physical illness, disability or incapacity, even with reasonable accommodations for such illness, disability or incapacity provided by
the Company and the Subsidiaries or if providing such accommodations would be unreasonable, all as determined by the Board in its reasonable good faith judgment. Executive shall cooperate in all respects with the Company if a question arises as to
whether he has become Disabled (such cooperation to include submitting to an examination by a medical 

  

 -5- 

 
doctor or other health care specialists selected by the Company and authorizing such medical doctor or such other health care specialist to discuss
Executive’s condition with the Company). 
 (h) For purposes of this Agreement, “Contract Breach” means (i) breach
by Executive of any of his obligations under Section 5, Section 6 or Section 7 of this Agreement, (ii) breach by Executive of any other provision of this Agreement which (A) is willful, (B) is not
subject to cure, or (C) arises from Executive’s gross negligence, (iii) any other breach by Executive of this Agreement if Executive fails to cure such breach within ten (10) days following delivery to Executive of written notice
describing such breach, (iv) any provision of this Agreement or, after execution and delivery of the General Release, the General Release shall cease to be (or not be) valid and binding on Executive, or (v) Executive shall claim in writing
that one or more provisions of this Agreement or, after execution and delivery of the General Release, the General Release, shall not be valid and binding on Executive, or Executive shall have brought an action under this Agreement or the General
Release, or otherwise relating to the subject matter of this agreement, in any court outside the state of Tennessee or otherwise taken any action contrary to the purpose of Section 24 below. 
 5. Confidential Information. Executive acknowledges that the information, observations and data (including trade secrets) obtained by him while
employed by the Company and the Subsidiaries, whether before or after the date of this Agreement, concerning the business or affairs of the Company or any Subsidiary (“Confidential Information”) are the property of the Company or
such Subsidiary. Therefore, Executive agrees that he shall not disclose to any person or entity or use for his own purposes any Confidential Information or any confidential or proprietary information of other persons or entities in the possession of
the Company and the Subsidiaries (“Third Party Information”), without the prior written consent of the Board, unless and to the extent that the Confidential Information or Third Party Information becomes generally known to and
available for use by the public other than as a result of Executive’s acts or omissions. Executive shall deliver to the Company on the Separation Date or at any other time the Company may reasonably request, all memoranda, notes, plans,
records, reports, computer files, disks and tapes, printouts and software and other documents and data (and copies thereof) embodying or relating to Third Party Information, Confidential Information, Work Product (as defined below) or the business
of the Company or any Subsidiaries which he may then possess or have under his control. 
 6. Intellectual Property, Inventions and
Patents. Executive acknowledges that all discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not
including any confidential information) and all registrations or applications related thereto, all other proprietary information and all similar or related information (whether or not patentable) which relate to Parent’s, the Company’s or
any of the Subsidiaries’ actual or anticipated business, research and development or existing or future products or services and which are or were conceived, developed or made by Executive (whether alone or jointly with others) while employed
by any of the Company and the Subsidiaries, whether before or after the date of this Agreement, or in connection with rendering services during the Consultancy Period, if any, to or on behalf of, any of the Company and the Subsidiaries
(“Work Product”), belong to Parent, the Company or such Subsidiary. Executive shall promptly disclose such Work Product 

  

 -6- 

 
to the Board and, at the Company’s expense, perform all actions reasonably requested by the Board (whether during or after the Employment Period or the
Consultancy Period) to establish and confirm such ownership (including assignments, consents, powers of attorney and other instruments). Executive acknowledges that all Work Product shall be deemed to constitute “works made for hire” under
the U.S. Copyright Act of 1976, as amended. 
 7. Non-Compete, Non-Solicitation. In further consideration of the compensation to be
paid to Executive hereunder, Executive acknowledges that during the course of his employment with the Company and the Subsidiaries he has become familiar with, and hereafter during the Employment Period or, if applicable, the Consultancy Period, may
continue to become familiar with, the Company’s trade secrets and with other Confidential Information concerning the Company and the Subsidiaries and that his services have been and shall continue to be of special, unique and extraordinary
value to the Company and the Subsidiaries, and therefore, Executive agrees that, during the Employment Period and for four (4) years thereafter (the “Noncompete Period”), he shall not, directly or indirectly, either as an
individual or as an employee, consultant, agent, officer, director, stockholder, partner or member of another entity, sell, supervise, assist or advise others who sell, or direct the sale of, six-foot roll carpet, modular carpet tile, broadloom
carpet (whether tufted or woven) or any other type of product sold by the Company or any of the Subsidiaries during the Employment Period, within the United States or Canada, which Executive agrees and acknowledges are the geographical areas in
which the Company conducts extensive business. Notwithstanding the above, Executive may during the Noncompete Period sell, supervise, assist or advise others who sell, or direct the sale of, carpet exclusively for residential use, but only if
(i) prior to undertaking any such activities, Executive notifies in writing each entity on behalf of which he conducts such activities of his obligations hereunder, and provides to the Company a copy of such notice, and (ii) establishes to
the Company’s good faith satisfaction that such permitted activities have absolutely no connection to any activities by Executive prohibited pursuant to this Section 7. 
 (a) Nothing herein shall prohibit Executive from being a passive owner of not more than 2% of the outstanding stock of any class of a corporation that is
publicly traded, so long as Executive has no active participation in the business of such corporation. 
 (b) During the Noncompete Period,
Executive shall not, directly or indirectly, either as an individual or as an employee, consultant, agent, officer, director, stockholder, partner or member of another entity, solicit, induce or attempt to induce any owner of a site location,
customer, supplier, licensee or other business relation of the Company or any of the Subsidiaries to purchase six-foot roll carpet, modular carpet tile, broadloom carpet (whether tufted or woven) or any other type of product which is sold by the
Company or any of the Subsidiaries during the Employment Period or to cease doing business with the Company or any of the Subsidiaries. 
 (c) During the Noncompete Period, Executive shall not, directly or indirectly, either as an individual or as an employee, consultant, agent, officer, director, stockholder, partner or member of another entity, hire, retain, or solicit the
employment of, any individual who was employed by the Company or any of the Subsidiaries at any time during the then preceding twelve (12) month period, or, directly or indirectly, induce or attempt to induce any such employee to leave the
employ of the Company or any of the Subsidiaries. 
  

 -7- 

 (d) Executive agrees that he shall not make any negative or disparaging statements or communications
regarding the Company, Parent, any of the Subsidiaries, or any member of the Board or such member’s employer, or any officer of Parent or the Company. For so long as Executive has not breached any of the provisions of this Agreement, each of
the Company and Parent agrees not to, and to cause the Subsidiaries not to, make any negative or disparaging statements or communications regarding Executive. For purposes of this Section 7(d), the Company and the Subsidiaries shall be
deemed to have made negative or disparaging statements or communications if, and only if, a member of the Board or an officer of the Company makes such statements or communications. 
 (e) If, at the time of enforcement of this Section 7, a court shall hold that the duration, scope or area restrictions stated herein are
unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise
the restrictions contained herein to cover the maximum period, scope and area permitted by law. Executive acknowledges that the restrictions contained in this Section 7 are reasonable and that he has reviewed the provisions of this
Agreement with his legal counsel. 
 (f) Because Executive’s services are unique and because Executive has access to Confidential
Information and Work Product, the parties agree that in the event of the breach or a threatened breach by Executive of any of the provisions of this Section 7, the Company and the Subsidiaries would suffer irreparable harm, and in
addition and supplementary to other rights and remedies existing in its favor, the Company and the Subsidiaries shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to
enforce or prevent any violations of the provisions hereof (without posting a bond or other security). In addition, in the event of a breach or violation by Executive of this Section 7, the Noncompete Period shall automatically be
extended by an amount of time equal to the amount of time from the initial occurrence of the breach or violation and the time as of which such breach or violation has been duly cured. 
 8. Stock Repurchase. 
 (a) Subject to
the following sentence and so long as Executive complies in all respects with all of his obligations pursuant to this Agreement, on each Stock Repurchase Date (as defined in Section 8(b)), Parent shall repurchase from Executive 1,068,750
shares of preferred stock of Parent and 1,575.63 shares of common stock of Parent for an amount of cash equal to the Stock Repurchase Price (as defined in Section 8(c)) (i.e., on each of the two Stock Repurchase Dates Parent shall
repurchase from Executive 25% of the shares of each class of stock of Parent held by Executive as of the date hereof, so that Parent shall repurchase from Executive an aggregate of 50% of the shares of each class of stock of Parent held by Executive
as of the date hereof). Notwithstanding the foregoing, Parent shall have no obligation to purchase any of such stock pursuant to this Agreement if (i) the Employment Period is terminated by the Company for Cause, (ii) Executive resigns
prior to January 27, 2007 (other than at the written request of the Board), or (iii) so doing would result in the breach of any obligation of any of the Company and the Subsidiaries in connection with any debt financing agreements or
arrangements with any third party. 
  

 -8- 

 (b) For purposes of this Agreement, each of the following shall be a “Stock Repurchase
Date”: 
 (i) The date that is twenty (20) days following delivery to the Company by the Company’s
independent auditors of audited financial statements for Fiscal 2006; and 
 (ii) July 31, 2008. 
 (c) For purposes of this Agreement, the “Stock Repurchase Price” shall be as set forth below: 
 (i) If the Company’s EBITDA for Fiscal 2006 as determined by the Company for purposes of the Tandus Fiscal 2006 Management Incentive
Program (the “Actual EBITDA”) is equal to or greater then $51.5 million (the “Target EBITDA”), the Stock Repurchase Price shall be $1.125 million; and 
 (ii) If the Actual EBITDA is less than the Target EBITDA, the Stock Repurchase Price shall be the product of $1.125 million and a
fraction, the numerator of which is the Actual EBITDA and the denominator of which is the Target EBITDA. 
 (d) Executive represents and
warrants to Parent and the Company that he acquired 4,275,000 shares of preferred stock of Parent and 6,302.52 shares of common stock of Parent from Parent (the “Executive Stock”) on January 25, 2001, that since that date he
has held and as of the date hereof he continues to hold, and he agrees that through the Noncompete Period he will continue to hold (except to the extent necessary to convey to the Company or to consummate an Approved Sale, as defined in the Investor
Rights Agreement (an “Approved Sale”), or upon exercise of Executive’s rights to sell Executive Stock pursuant to “Section 2C (Participation Rights)” of the Investor Rights Agreement), the Executive Stock free and
clear of any and all liens, claims, options, security interests, restrictions and encumbrances of any kind or nature, and that he has delivered to Parent all certificates representing the Executive Stock. Executive represents and warrants to Parent
and the Company that Executive does not hold, directly or indirectly, any interest in capital stock of Parent or the Company other than the Executive Stock and options to purchase up to an aggregate of 8,559.25 shares of Parent common stock at an
exercise price of $35.70 per share (the “Executive Options”), and that neither Parent nor the Company owes him any amount (other than salary, if any, which has accrued since payment of the last regular installment thereof in
accordance with the Company’s general payroll practices at the rate of $380,000 per annum and for reimbursement of business expenses in the ordinary course, if any). Executive agrees that, at the closing of any repurchase of Executive Stock
pursuant to this Section 8, and as a condition to Parent’s obligations to consummate such repurchase, he shall sell, transfer and assign to Parent each share of Executive Stock so repurchased, including by delivery of certificates
representing such shares, free and clear of any 

  

 -9- 

 
and all liens, claims, options, security interests, restrictions and encumbrances of any kind or nature, and Executive shall make representations and
warranties to Parent as Parent shall reasonably request in connection therewith, including regarding ownership, legal capacity, conflicts and no material misstatements. Executive hereby consents to the cancellation of the Executive Options, hereby
agrees that the Executive Options will automatically terminate effective upon execution hereof and, for the avoidance of doubt, acknowledges that he will not participate in any option plans of or grants by Parent or the Company. 
 9. Repayment of Stock Purchase Price. If any Contract Breach occurs at any time (unless such Contract Breach arises solely from an Excluded
Breach, as defined below), Executive shall immediately repay to Parent an amount of cash equal to the aggregate of all Stock Repurchase Price, if any, previously paid by Parent to Executive in connection with any repurchase or repurchases of stock
pursuant to Section 8. The foregoing shall not be in limitation of, but in addition to, any remedy or remedies available to the Company or Parent on account of such Contract Breach. For purposes of the foregoing, “Excluded
Breach” means a breach of Section 7(c) above, or a breach which is described in clause (ii)(B) of the definition of “Contract Breach”, but in each case only if Executive takes ameliorative action which is reasonably
satisfactory to the Company and demonstrates to the good faith satisfaction of the Company that such breach was unintentional and with consequences that are immaterial to the Company and the Subsidiaries. 
 10. Retention by Parent of Stock Certificates. Parent may, at its sole discretion, until sixty (60) days following termination of the
Noncompete Period hold all certificates evidencing Executive Stock, subject to the other terms of this Agreement (and it being understood that Parent shall release such stock certificates to the extent necessary in connection with an Approved Sale).
If Parent shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for any Executive Stock to be repurchased in accordance with the provisions of this Agreement, then from and after such
time Executive shall no longer have any rights as a holder of such Executive Stock (other than the right to receive payment of such consideration in accordance with this Agreement), and such Executive Stock shall be deemed purchased in accordance
with the applicable provisions hereof and Parent shall be deemed the owner and holder of such Executive Stock. 
 11. Additional
Acknowledgments. Executive agrees that in consideration of the Company’s employment of Executive and the various benefits and payments provided in conjunction therewith, and in consideration of the other substantial payments provided in
this Agreement, including Parent’s agreement to repurchase from Executive the Executive Stock, Executive will be bound by the restrictions contained in this Agreement. Executive agrees that such restrictions are reasonable and necessary in
light of, among other things, the substantial compensation granted him by the Company in this Agreement, and the fact that Executive served (and continues to serve) as the chief executive officer of the Company, thus granting him extensive access to
all of the Company’s confidential and proprietary information and making him the face of the Company to the Company’s customers. Executive acknowledges that he has received consideration in respect of his obligations pursuant to the
provisions of Section 5, Section 6 and Section 7, including: (i) employment with the Company and (ii) additional good and valuable consideration as set forth in this Agreement. In addition, Executive
agrees and 

  

 -10- 

 
acknowledges that the restrictions contained in Section 5, Section 6 and Section 7 will not preclude Executive from earning a
livelihood, nor do they unreasonably impose limitations on Executive’s ability to earn a living, following the Employment Period or Consultancy Period (as applicable). Executive agrees and acknowledges that the potential harm to the Company and
the Subsidiaries of the non-enforcement of Section 5, Section 6 and Section 7 outweighs any potential harm to Executive of its enforcement by injunction or otherwise. Executive acknowledges that he has carefully read this
Agreement, has given careful consideration to the restraints imposed upon Executive by this Agreement and is in full accord as to their necessity for the reasonable and proper protection of confidential and proprietary information of the Company and
the Subsidiaries now existing or to be developed in the future. Executive expressly acknowledges and agrees that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time period and geographical area.

 12. Laptop and Blackberry. From and after the Separation Date Executive shall be entitled to keep the laptop computer and
blackberry device used by Executive as of the date hereof after the Company shall have removed all data and software therefrom, and provided that Executive shall have delivered such computer and blackberry device to the Company on the Separation
Date or at any earlier time as the Company may reasonably request to enable the Company to effect such removal. 
 13. Executive’s
Representations. Executive hereby represents and warrants to the Company that (i) the execution, delivery and performance of this Agreement by Executive do not and shall not conflict with, breach, violate or cause a default under any
contract, agreement, instrument, order, judgment, law, regulation, or decree to which Executive is a party, applicable to Executive or by which he is bound, (ii) Executive is not a party to or bound by any employment agreement, noncompete
agreement or confidentiality agreement with any other person or entity and (iii) upon the execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Executive, enforceable in accordance
with its terms. Executive hereby acknowledges and represents that he has consulted with independent legal counsel regarding his rights and obligations under this Agreement and that he fully understands the terms and conditions contained herein.

 14. Survival. Section 4 through Section 29, inclusive, shall survive and continue in full force in
accordance with their terms notwithstanding the termination of the Employment Period or the Consultancy Period. 
 15. Notices. All
notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given (i) when delivered personally to the recipient, (ii) on the
business day following the date on which it is sent to the recipient by reputable overnight courier service (charges prepaid), (iii) five (5) days after mailed to the recipient by certified or registered mail, return receipt requested and
postage prepaid, or (iv) upon machine-generated acknowledgment of receipt after transmittal by facsimile if so acknowledged to have been received before 5:00 p.m. on a business day at the location of receipt and otherwise on the next following
business day. Such notices, demands and other communications shall be sent to the parties at the addresses indicated below: 
 Notices to
Executive: 
 Edgar M. Bridger 
  

 -11- 

 1290 Heritage Landing Drive 
 Chattanooga, TN 37405 
 Facsimile: 
 With a copy to: 
 King & Croft, LLP 
 127 Peachtree St. N.E. 
 Ste. 707 
 Atlanta, GA 30303 
 Attention: Terrence Lee Croft 
 Facsimile: (404) 577-8401 
 Notices to the Company: 
 Tandus Group, Inc. 
 311 Smith Industrial Boulevard 
 Dalton, Georgia 30721 
 Attention: Richard J. Goldstein, Chairman 
 Facsimile: (213) 830-6394 
 With a copy to: 
 Kirkland & Ellis LLP 
 777 South Figueroa Street, 34th Floor 
 Los Angeles, California 90017 
 Attention: John A. Weissenbach 
                  Damon R. Fisher 
 Facsimile: (213) 680-8500 
 or such other address or to the attention of such other person as the recipient party shall
have specified by prior written notice to the sending party. 
 16. Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any action in any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal
or unenforceable provision had never been contained herein. 
 17. Complete Agreement. This Agreement, those documents expressly
referred to herein and other documents of even date herewith embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or
oral, which may have related to the subject matter hereof in any way (including the Executive Stock Agreement between the 

  

 -12- 

 
parties hereto, dated January 21, 2001, which shall be terminated and of no further force or effect as of the date of the execution and delivery of this
Agreement), but excluding any breaches thereof by either party prior to the date hereof. 
 18. No Strict Construction. The language
used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 
 19. Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken
together constitute one and the same agreement. 
 20. Successors and Assigns. This Agreement is intended to bind and inure to the
benefit of and be enforceable by Executive, the Company and their respective heirs, successors and assigns, except that Executive may not assign his rights or delegate his duties or obligations hereunder without the prior written consent of the
Company. 
 21. Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this
Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of the State of Tennessee, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of
Tennessee or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Tennessee. 
 22. Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of the Company (as approved by the Board) and Executive, and no course of conduct or course of dealing or failure
or delay by any party hereto in enforcing or exercising any of the provisions of this Agreement (including the Company’s right to terminate the Employment Period for Cause) shall affect the validity, binding effect or enforceability of this
Agreement or be deemed to be an implied waiver of any provision of this Agreement. 
 23. Indemnification and Reimbursement of Payments on
Behalf of Executive. The Company and the Subsidiaries shall be entitled to deduct or withhold, from any amounts owing by the Company or any of the Subsidiaries to Executive, any federal, state, local or foreign withholding taxes, excise tax, or
employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of the Subsidiaries or Executive’s ownership interest in the Company (including wages, bonuses,
dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of the Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and
the Subsidiaries for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto. 
 24. Submission to Jurisdiction. EXECUTIVE IS A RESIDENT OF THE STATE OF TENNESSEE, AND THIS AGREEMENT IS BEING EXECUTED AND DELIVERED IN THE STATE OF TENNESSEE. FOR THIS AND OTHER REASONS, EACH OF THE 

  

 -13- 

 
PARTIES IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN THE STATE OF TENNESSEE FOR THE PURPOSES OF ANY SUIT,
ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EXECUTIVE AFFIRMATIVELY REPRESENTS THAT HE SHALL NOT, AND WAIVES THE RIGHT TO, BRING ANY ACTION IN ANY COURT OUTSIDE
THE STATE OF TENNESSEE, REGARDLESS OF WHETHER EXECUTIVE WORKS OUTSIDE THE STATE OF TENNESSEE OR MAY HEREINAFTER BECOME A RESIDENT OF ANOTHER STATE. EACH OF THE PARTIES HERETO FURTHER AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY
U.S. REGISTERED MAIL TO SUCH PARTY’S RESPECTIVE ADDRESS SET FORTH ABOVE SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY ACTION, SUIT OR PROCEEDING IN TENNESSEE WITH RESPECT TO ANY MATTERS TO WHICH IT HAS SUBMITTED TO JURISDICTION IN THIS
SECTION 24. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY
AND THEREBY IN ANY STATE OR FEDERAL COURT LOCATED IN THE STATE OF TENNESSEE, AND HEREBY AND THEREBY FURTHER IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING BROUGHT IN
ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 
 25. Waiver of Jury Trial. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR
EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS
AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 
 26. Expenses. Each party shall bear its own expenses relating to the drafting,
negotiation, execution and delivery of this Agreement and the other agreements contemplated hereby and of even date herewith; provided, however, that the Company shall reimburse the fees and expenses of Executive’s attorney incurred by
Executive in connection therewith, upon presentation of written documentation reasonably acceptable to the Company, in an amount not to exceed $10,000 in the aggregate. 
 27. Outplacement Services. Unless the Company terminates Executive for Cause or Executive resigns (other than at the written request of the Board), during the one (1) year period commencing on the
Separation Date the Company shall reimburse Executive for reasonable fees incurred for outplacement services for Executive in an aggregate amount not to exceed $10,000, subject to the Company’s requirements with respect to reporting and
documentation of such expenses. 
  

 -14- 

 28. Executive’s Cooperation. During the Employment Period, the Consultancy Period, as
applicable, and thereafter, Executive shall participate with the Company and the Subsidiaries in any internal investigation, any administrative, regulatory or judicial investigation or proceeding or any dispute with a third party as reasonably
requested by the Company (including Executive being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony at trial, hearings, and otherwise without
requiring service of a subpoena or other legal process, and, upon the Company’s request, providing to the Company any relevant information and documents which are or may come into Executive’s possession, all at times and on schedules that
are reasonably consistent with Executive’s other permitted activities and commitments). In the event the Company requires Executive’s participation in accordance with this paragraph, the Company shall reimburse Executive solely for
reasonable travel expenses (including lodging and meals), to the extent consistent with the Company’s policies in effect from time to time with respect to travel expenses, and subject to the Company’s requirements with respect to reporting
and documentation of such expenses. 
 29. Dispute Resolution. Except with respect to any dispute or claim seeking injunctive or
equitable relief (by itself or in addition to damages) under Section 5, Section 6 or Section 7 (which may be pursued in any federal or state court in the state of Tennessee as specified in Section 24
and with respect to which each party shall bear the cost of its own attorneys’ fees and expenses except as otherwise required by applicable law), each party hereto agrees that the dispute resolution procedure set forth in Exhibit C
hereto shall be the sole and exclusive method for resolving any claim or dispute (“Claim”) arising out of or relating to the rights and obligations acknowledged and agreed to in this Agreement and the employment of Executive by the
Company and its affiliates (including disputes and claims regarding employment discrimination, sexual harassment, termination and discharge), whether such Claim arose or the facts on which such Claim is based occurred prior to or after the execution
and delivery of this Agreement. The parties agree that the result of any arbitration hereunder shall be final, conclusive and binding on all of the parties hereto. Nothing in this Section 29 shall prohibit a party hereto from instituting
litigation to enforce any Final Determination (as defined in Exhibit C hereto). Each party hereto hereby irrevocably submits to the jurisdiction of any United States District Court or state court of competent jurisdiction located in the State
of Tennessee, and agrees that such court shall be the exclusive forum with respect to any dispute or claim under Section 5, Section 6 or Section 7 and for the enforcement of any Final Determination. Each party
hereto irrevocably consents to service of process by registered mail or personal service and waives any objection on the grounds of personal jurisdiction, venue or inconvenience of the forum. Each party hereto further agrees that each other party
hereto may initiate litigation in any court of competent jurisdiction to execute any judicial judgment enforcing a Final Determination. 
 *    *    *    *    * 
  

 -15- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

  

			
	PARENT AND THE COMPANY:
	
	TANDUS GROUP, INC.
		
	 By:
	 	/s/ Richard J. Goldstein
		 	 Name: Richard J. Goldstein

		 	 Title: Chairman, Board of Directors

	
	COLLINS & AIKMAN FLOORCOVERING, INC.
		
	 By:
	 	/s/ Leonard F. Ferro
		 	 Name: Leonard F. Ferro

		 	 Title: Vice President, Secretary, Treasurer and
           Chief Financial Officer

	
	EXECUTIVE:
	
	/s/ Edgar M. Bridger
	Edgar M. Bridger

  

	STATE	OF TENNESSEE                      ) 

                                        
                         ) 

	COUNTY	OF HAMILTON                  ) 

 On this 31st day of August, 2006, there appeared before me Edgar M. Bridger, personally known to me or proved to me on the basis of satisfactory evidence
to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacities, and that by his/her/their signature(s) on the instrument the person(s), or
the entity upon behalf of which the person(s) acted, executed the instrument. 
 WITNESS my hand and official seal. 
  

	
	
	   
	Notary Public
	
	 [SEAL]

 [Signature Page - Employment and Separation Agreement] 

 Exhibit A 
 RESIGNATION 
  

	To:	The Board of Directors of Tandus Group, Inc. (“Parent”) 

 The Board of Directors of Collins & Aikman Floorcoverings, Inc. (the “Company”) 
 The Board of Directors of each
of Monterey Carpets Inc., CAF Extrusion, Inc., Crossley Carpet Mills, Ltd., Tandus Canada Limited, Tandus Europe Limited, Tandus Manufacturing Limited, Collins & Aikman Floorcoverings Asia Pte. Ltd., Tandus Asia Pte. Ltd. and Tandus
Floorcoverings (Suzhou) Co. Ltd. (collectively, the “Subsidiaries”) 
 August 31, 2006 
 In connection with the execution and delivery of the Employment and Separation Agreement as of even date herewith, by and among me, Parent and the
Company, I hereby irrevocably and unconditionally tender my resignation from the Board of Directors of Parent, the Company and each of the Subsidiaries, relinquishing any and all responsibilities that I have thereto, with immediate effect. In
addition I consent to the execution and delivery of the attached Amendment No.1 to the CAF Holdings, Inc. Investor Rights Agreement dated as of January 25, 2001 to provide for such resignation notwithstanding my continuing service as Chief
Executive Officer of Parent under the terms of the Employment and Separation Agreement. 
  

	
	
	   
	 Edgar M. Bridger

	 President and Chief Executive Officer

	 Tandus Group, Inc. and Collins &
Aikman Floorcoverings, Inc.

  

 ExA-1 

 Exhibit B 
 GENERAL RELEASE 
 I, Edgar M. Bridger, in consideration of and subject to the performance by Tandus
Group, Inc., (together with its subsidiaries, the “Company”), of its obligations under the Employment and Separation Agreement, dated as of August 31, 2006 (the “Agreement”), do hereby release and forever discharge as
of the date hereof the Company and its affiliates and all present and former directors, officers, agents, representatives, employees, successors and assigns of the Company and its affiliates and the Company’s direct or indirect owners
(collectively, the “Released Parties”) to the extent provided below. 
  

	1.	I understand that any payments or benefits paid or granted to me under Section 3 of the Agreement represent, in part, consideration for signing this General Release and
are not salary, wages or benefits to which I was already entitled. I understand and agree that I will not receive the payments and benefits specified in Section 3 of the Agreement unless I execute this General Release and do not revoke
this General Release within the time period permitted hereafter or breach this General Release. I also acknowledge and represent that I have received all payments and benefits that I am entitled to receive (as of the date hereof) by virtue of any
employment by the Company. 

  

	2.	 Except as provided in paragraph 4 below, except for the provisions of the Agreement which expressly survive the termination of my employment with the Company and
except that I retain ownership of 4,275,000 shares of preferred stock of Tandus Group, Inc. and 6,302.52 shares of common stock of Tandus Group, Inc. (subject to Section 8 of the Agreement), I knowingly and voluntarily (for myself, my
heirs, executors, administrators and assigns) release and forever discharge the Company and the other Released Parties from any and all claims, suits, controversies, actions, causes of action, cross-claims, counter-claims, demands, debts,
compensatory damages, liquidated damages, punitive or exemplary damages, other damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present (through the date this General
Release becomes effective and enforceable) and whether known or unknown, suspected, or claimed against the Company or any of the Released Parties which I, my spouse, or any of my heirs, executors, administrators or assigns, may have, which arise out
of or are connected with my employment with, or my separation or termination from, the Company (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights
Act of 1991; the Age Discrimination in Employment Act of 1967, as amended (including, but not limited to, the Older Workers Benefit Protection Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and
Medical Leave Act of 1993; the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or
under any other federal, state or local civil or human rights law, or under any other local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies, practices
or procedures of the Company; or any claim 

  

 ExB-1 

	 	 
for wrongful discharge, breach of contract, infliction of emotional distress, defamation; or any claim for costs, fees, or other expenses, including without
limitation attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to herein as the “Claims”). 

  

	3.	I represent that I have made no assignment or transfer of any right, claim, demand, cause of action, or other matter covered by paragraph 2 above. 

  

	4.	I agree that this General Release does not waive or release any rights or claims that I may have under the Age Discrimination in Employment Act of 1967 which arise after the date I
execute this General Release. I acknowledge and agree that my separation from employment with the Company in compliance with the terms of the Agreement shall not serve as the basis for any claim or action (including, but not limited to, any claim
under the Age Discrimination in Employment Act of 1967). 

  

	5.	In signing this General Release, I acknowledge and intend that it shall be effective as a bar to each and every one of the Claims hereinabove mentioned or implied. I expressly
consent that this General Release shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected Claims (notwithstanding any state statute that expressly limits
the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims hereinabove mentioned or implied. I acknowledge and agree that this waiver is an essential and material
term of this General Release and that without such waiver the Company would not have agreed to the terms of the Agreement. I further agree that in the event I should bring a Claim seeking damages against the Company, or in the event I should seek to
recover against the Company in any Claim brought by a governmental agency on my behalf, this General Release shall serve as a complete defense to such Claims. I further agree that I am not aware of any pending claim of the type described in
paragraph 2 as of the execution of this General Release. 

  

	6.	I agree that neither this General Release, nor the furnishing of the consideration for this General Release, shall be deemed or construed at any time to be an admission by the
Company, any Released Party or myself of any improper or unlawful conduct. 

  

	7.	I agree that I will forfeit all amounts payable by the Company pursuant to the Agreement if I challenge the validity of this General Release. I also agree that if I violate this
General Release by suing the Company or the other Released Parties, I will pay all costs and expenses of defending against the suit incurred by the Released Parties, including without limitation reasonable attorneys’ fees, and return all
payments received by me pursuant to the Agreement. 

  

	8.	I agree that this General Release and the Agreement are confidential and agree not to disclose any information regarding the terms of this General Release or the Agreement, except
to my immediate family and any tax, legal or other counsel I have consulted regarding the meaning or effect hereof or as required by law, and I will instruct each of the foregoing not to disclose the same to anyone. 

  

 ExB-2 

	9.	Any non-disclosure provision in this General Release does not prohibit or restrict me (or my attorney) from responding to any inquiry about this General Release or its underlying
facts and circumstances by the Securities and Exchange Commission (SEC), the National Association of Securities Dealers, Inc. (NASD), any other self-regulatory organization or governmental entity. 

  

	10.	I agree to participate as may reasonably be necessary with the Company in any internal investigation, any administrative, regulatory, or judicial proceeding or any dispute with a
third party. I understand and agree that my participation may include, but not be limited to, making myself available to the Company upon reasonable notice for interviews and factual investigations; appearing at the Company’s request to give
testimony at trial, hearing, and otherwise without requiring service of a subpoena or other legal process; upon request of the Company, providing to the Company any relevant information and documents which are or may come into my possession all at
times and on schedules that are reasonably consistent with my other permitted activities and commitments. I understand that in the event the Company asks for my participation in accordance with this provision, I will not be entitled to any
additional compensation in connection therewith but the Company will reimburse me solely for reasonable travel expenses, (including lodging and meals), to the extent consistent with the Company’s policies in effect from time to time with
respect to travel expenses, and subject to the Company’s requirements with respect to reporting and documentation of such expenses. 

  

	11.	I agree that as of the date hereof, I have returned to the Company any and all property, tangible or intangible, relating to its business, which I possessed or had control over at
any time (including, but not limited to, company-provided credit cards, building or office access cards, keys, computer equipment, manuals, files, documents, records, software, customer data base and other data) and that I shall not retain any
copies, compilations, extracts, excerpts, summaries or other notes of any such manuals, files, documents, records, software, customer data base or other data. 

  

	12.	Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish, diminish, or in any way affect any rights or claims arising out of any
breach by the Company or by any Released Party of the Agreement after the date hereof. 

  

	13.	Whenever possible, each provision of this General Release shall be interpreted in such manner as to be effective and valid under applicable law. If any provision of this General
Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this
General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

 BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT: 
  

	(a)	I HAVE READ IT CAREFULLY; 

  

 ExB-3 

	(b)	I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED,
TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED; THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED; 

  

	(c)	I VOLUNTARILY CONSENT TO EVERYTHING IN IT; 

  

	(d)	I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION;

  

	(e)	I HAVE HAD AT LEAST 21 DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE SUBSTANTIALLY IN ITS FINAL FORM ON
                         ,              TO
CONSIDER IT AND THE CHANGES MADE SINCE THE                          ,
             VERSION OF THIS RELEASE ARE NOT MATERIAL AND WILL NOT RESTART THE REQUIRED 21-DAY PERIOD; 

  

	(f)	THE CHANGES TO THE AGREEMENT SINCE                     
    ,              EITHER ARE NOT MATERIAL OR WERE MADE AT MY REQUEST. 

  

	(g)	I UNDERSTAND THAT I HAVE SEVEN DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS
EXPIRED; 

  

	(h)	I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE ME WITH RESPECT TO IT; AND 

  

	(i)	I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE
COMPANY AND BY ME. 

  

					
			
	 DATE:                    
	 		 	   
		 		 	 Edgar M. Bridger

  

 ExB-4 

 Exhibit C 
 DISPUTE RESOLUTION PROCEDURE 
 1. Notice of Claim. A party asserting a Claim (the
“Claimant”) shall deliver written notice to each party against whom the Claim is asserted (collectively, the “Opposing Party”), with a copy to the persons required to receive copies of notices under the Agreement
(the “Additional Notice Parties”), specifying the nature of the Claim and requesting mediation to resolve same. The Additional Notice Parties shall be given reasonable notice of and invited and permitted to attend any such
mediation. Executive and the Board shall attempt to agree on a mediator to hear and decide the Claim. If Executive and the Board cannot agree on a mediator within ten business days, they shall each select a mediator and the two mediators so selected
shall within five business days jointly select a third mediator, which third mediator shall be the mediator who shall hear and decide the Claim. If a mutually acceptable resolution is not reached pursuant to mediation, the Claimant or the Opposing
Party may, within 45 days after the decision of the mediator, invoke the arbitration procedure provided herein by delivering to each Opposing Party and the Additional Notice Parties a Notice of Arbitration, which shall specify the Claim as to which
arbitration is sought, the nature of the Claim, the basis for the Claim, and the nature and amount of any damages or other compensation or relief sought (a “Notice of Arbitration”). Each party agrees that no punitive damages may be
sought or recovered in any arbitration, judicial proceeding or otherwise. Failure to file a Notice of Arbitration within 45 days shall constitute a waiver of any right to relief for the matters asserted in the notice of claim. Any Claim shall be
forever barred, and no relief may be sought therefor, if written notice of such Claim is not made as provided above within one year of the date such claim accrues. 
 2. Selection of Arbitrator. Within 20 business days after receipt of the Notice of Arbitration, Executive and the Board shall meet and attempt to agree on an arbitrator to hear and decide the Claim. If
Executive and the Board cannot agree on an arbitrator within five business days, then they shall each appoint a representative for purposes of negotiating the appropriate arbitrator. Executive’s representative shall meet with the Board’s
representative within five business days of their appointment, and shall mutually agree on an arbitrator. If Executive’s representative and the Board’s representative fail to agree to an arbitrator within ten business days of their
appointment, the Parties shall promptly and jointly request that JAMS (previously known as the Judicial Arbitration & Mediation Service) appoint an arbitrator experienced in the area of dispute who does not have an ongoing business
relationship with any of the parties to the dispute. If the arbitrator selected informs the parties he cannot hear and resolve the Claim within the time-frame specified below, Executive and the Board shall request the appointment of another
arbitrator by the same procedure described above. 
 3. Arbitration Procedure. The following procedures shall govern the conduct of
any arbitration under this section. All procedural matters relating to the conduct of the arbitration other than those specified below shall be discussed among counsel for the parties and the arbitrator. Subject to any agreement of the parties, the
arbitrator shall determine all procedural matters not specified herein. 
  

 ExC-1 

 (a) Within 30 days after the delivery of a Notice of Arbitration, each party shall afford
the other, or its counsel, with reasonable access to documents relating directly to the issues raised in the Notice of Arbitration. All documents produced and all copies thereof shall be maintained as strictly confidential, shall be used for no
purpose other than the arbitration hereunder, and shall be returned to the producing party upon completion of the arbitration. There shall be no other discovery except that, if a reasonable need is shown, limited depositions may be allowed in the
discretion of the arbitrator, it being the expressed intention and agreement of each party to have the arbitration proceedings conducted and resolved as expeditiously, economically and fairly as reasonably practicable, and with the maximum degree of
confidentiality. 
 (b) All written communications regarding the proceeding sent to the arbitrator shall be sent
simultaneously to each party or its counsel, with a copy to the Additional Notice Parties. Oral communications between any of the parties or their counsel and the arbitrator shall be conducted only when all parties or their counsel are present and
participating in the conversation. 
 (c) Within 20 days after selection of the arbitrator, the Claimant shall submit to the
arbitrator a copy of the Notice of Arbitration, along with a supporting memorandum and any exhibits or other documents supporting the Claim. 
 (d) Within 20 days after receipt of the Claimant’s submission, the Opposing Party shall submit to the arbitrator a memorandum supporting its position and any exhibits or other supporting documents. 
 (e) Within 20 days after receipt of the Opposing Party’s response, the Claimant may submit to the arbitrator a reply to the Opposing
Party’s response, or notification that no reply is forthcoming. 
 (f) Within 10 days after the last submission as
provided above, the arbitrator shall notify the parties and the Additional Notice Parties of the date of the hearing on the issues raised by the Claim. Scheduling of the hearing shall be within the sole discretion of the arbitrator, but in no event
more than 60 days after the last submission by the parties, and shall take place at a place selected by the arbitrator or such other place as is mutually agreed. Both parties shall be granted substantially equal time to present evidence at the
hearing. 
 (g) Within 30 days after the conclusion of the hearing, the arbitrator shall issue a written decision to be
delivered to both parties and the Additional Notice Parties (the “Final Determination”). The Final Determination shall address each issue disputed by the parties, state the arbitrator’s findings and reasons therefor, and state
the nature and amount of any damages, compensation or other relief awarded. 
 (h) The award rendered by the arbitrator shall
be final and non-appealable, except as otherwise provided by applicable law, and judgment may be entered upon it in accordance with applicable law in such court as has jurisdiction thereof. 
  

 ExC-2 

 4. Costs of Arbitration. As part of the Final Determination, the arbitrator shall determine the
allocation of the costs and expenses of the arbitration, including the arbitrator’s fee and both parties’ attorneys’ fees and expenses, based upon the extent to which each party prevailed in the arbitration. In the event that any
relief which is awarded is non-monetary, then such costs and expenses shall be allocated by the arbitrator. 
 5. Satisfaction of
Award. If any party fails to pay the amount of the award, if any, assessed against it within 30 days after the delivery to such party of the Final Determination, the unpaid amount shall bear interest from the date of such delivery at the lesser
of (i) prime lending rate announced by Citibank N.A. plus three hundred basis points and (ii) the maximum rate permitted by applicable usury laws. In addition, such party shall promptly reimburse the other party for any and all costs or
expenses of any nature or kind whatsoever (including attorneys’ fees) reasonably incurred in seeking to collect such award or to enforce any Final Determination. 
 6. Confidentiality of Proceedings. The parties hereto agree that all of the arbitration proceedings provided for herein, including any notice of claim, the Notice of Arbitration, the submissions of the parties,
and the Final Determination issued by the arbitrator, shall be confidential and shall not be disclosed at any time to any person other than the parties, their representatives, the arbitrator and the Additional Notice Parties; provided, however, that
this provision shall not prevent the party prevailing in the arbitration from submitting the Final Determination to a court for the purpose of enforcing the award, subject to comparable confidentiality protections if the court agrees; and further
provided that the foregoing shall not prohibit disclosure to the minimum extent reasonably necessary to comply with (i) applicable law (or requirement having the force of law), court order, judgment or decree, including disclosures which may be
required pursuant to applicable securities laws, and (ii) the terms of contractual arrangements (such as financing arrangements) to which the Company or any Additional Notice Party may be subject so long as such contractual arrangements were
not entered into for the primary purpose of permitting disclosure which would otherwise be prohibited hereunder. 
  

 ExC-3Indenture

 EXHIBIT 4.1 
  

 SEAGATE TECHNOLOGY HDD HOLDINGS 
 as Issuer 
 SEAGATE TECHNOLOGY 
 as Guarantor 
 AND 
 U.S. BANK NATIONAL ASSOCIATION 
 as Trustee 
  

 Indenture 
 Dated as of September     , 2006 
  

  

 TABLE OF CONTENTS 
  

			
	  	  	PAGE
	 ARTICLE 1

	 DEFINITIONS AND OTHER PROVISIONS
OF GENERAL APPLICATION

		
	 Section 1.01.     Definitions
	  	1
	 Section 1.02.     Compliance Certificates and Opinions
	  	9
	 Section 1.03.     Form of Documents Delivered to Trustee
	  	10
	 Section 1.04.     Acts of Holders; Record Dates
	  	11
	 Section 1.05.     Notices, Etc., to Trustee and Company
	  	12
	 Section 1.06.     Notice to Holders; Waiver
	  	12
	 Section 1.07.     Conflict with Trust Indenture Act
	  	12
	 Section 1.08.     Effect of Headings and Table of Contents
	  	13
	 Section 1.09.     Successors and Assigns
	  	13
	 Section 1.10.     Severability Clause
	  	13
	 Section 1.11.     Benefits of Indenture
	  	13
	 Section 1.12.     Governing Law
	  	13
	
	 ARTICLE 2

	 THE NOTES

		
	 Section 2.01.     Title and Terms
	  	13
	 Section 2.02.     Forms of Notes
	  	14
	 Section 2.03.     Form of Trustee’s Certificate of Authentication
	  	15
	 Section 2.04.     Denominations
	  	15
	 Section 2.05.     Execution, Authentication, Delivery and Dating
	  	15
	 Section 2.06.     Temporary Notes
	  	16
	 Section 2.07.     Registration of Transfer and Exchange
	  	16
	 Section 2.08.     Mutilated, Destroyed, Lost and Stolen Notes
	  	17
	 Section 2.09.     Persons Deemed Owners
	  	18
	 Section 2.10.     Book-Entry Provisions for Global Notes
	  	18
	 Section 2.11.     Cancellation and Transfer Provisions
	  	20
	 Section 2.12.     Euroclear and Clearstream Procedures Applicable
	  	20
	 Section 2.13.     CUSIP Numbers
	  	20
	
	 ARTICLE 3

	 COVENANTS

		
	 Section 3.01.     Payments
	  	21
	 Section 3.02.     Maintenance of Office or Agency
	  	21
	 Section 3.03.     Money for Note Payments to be Held in Trust
	  	21
	 Section 3.04.     Statement by Officers as to Default
	  	23

  

 i 

			
	 Section 3.05.     Existence
	  	23
	 Section 3.06.     Reports and Delivery of Certain Information
	  	23
	 Section 3.07.     Book-Entry System
	  	24
	 Section 3.08.     Information for IRS Filings
	  	24
	 Section 3.09.     Change of Control
	  	24
	 Section 3.10.     Limitation on Liens
	  	25
	 Section 3.11.     Limitation on Sale and Lease-Back Transactions
	  	26
	 Section 3.12.     Certain Definitions
	  	27
	
	 ARTICLE 4

	 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER
OR LEASE
	  	
		
	 Section 4.01.     Company May Consolidate, Etc., Only on Certain Terms
	  	30
	 Section 4.02.     Parent May Consolidate, Etc., Only on Certain Terms
	  	31
	 Section 4.03.     Successor Substituted
	  	31
	
	 ARTICLE 5

	 REDEMPTION OF NOTES

		
	 Section 5.01.     Optional Redemption of Notes by the Company
	  	32
	 Section 5.02.     Selection of Notes to be Redeemed
	  	32
	 Section 5.03.     Notice of Redemption
	  	33
	 Section 5.04.     Effect of Notice of Redemption
	  	33
	 Section 5.05.     Deposit of Redemption Price
	  	33
	 Section 5.06.     Notes Redeemed in Part
	  	34
	
	 ARTICLE 6

	 DEFAULTS AND REMEDIES

		
	 Section 6.01.     Events of Default
	  	34
	 Section 6.02.     Acceleration of Maturity; Rescission and Annulment
	  	35
	 Section 6.03.     Collection of Indebtedness and Suits for Enforcement by Trustee
	  	36
	 Section 6.04.     Trustee May File Proofs of Claim
	  	36
	 Section 6.05.     Application of Money Collected
	  	37
	 Section 6.06.     Limitation on Suits
	  	37
	 Section 6.07.     Unconditional Right of Holders to Receive Payment
	  	38
	 Section 6.08.     Restoration of Rights and Remedies
	  	38
	 Section 6.09.     Rights and Remedies Cumulative
	  	38
	 Section 6.10.     Delay or Omission Not Waiver
	  	39
	 Section 6.11.     Control by Holders
	  	39
	 Section 6.12.     Waiver of Past Defaults
	  	39
	 Section 6.13.     Undertaking for Costs
	  	39
	 Section 6.14.     Waiver of Stay or Extension Laws
	  	40

  

 ii 

			
	 ARTICLE 7

	 TRUSTEE

		
	 Section 7.01.     Certain Duties and Responsibilities
	  	40
	 Section 7.02.     Notice of Defaults
	  	40
	 Section 7.03.     Certain Rights of Trustee
	  	41
	 Section 7.04.     Not Responsible for Recitals
	  	42
	 Section 7.05.     May Hold Notes
	  	42
	 Section 7.06.     Money Held in Trust
	  	43
	 Section 7.07.     Compensation and Reimbursement
	  	43
	 Section 7.08.     Disqualification; Conflicting Interests
	  	44
	 Section 7.09.     Corporate Trustee Required; Eligibility
	  	44
	 Section 7.10.     Resignation and Removal; Appointment of Successor.
	  	44
	 Section 7.11.     Acceptance of Appointment by Successor
	  	46
	 Section 7.12.     Merger, Conversion, Consolidation or Succession to Business
	  	46
	 Section 7.13.     Preferential Collection of Claims
	  	46
	
	 ARTICLE 8

	 HOLDERS’ LISTS AND REPORTS
BY TRUSTEE

		
	 Section 8.01.     Company to Furnish Trustee Names and Addresses of Holders
	  	47
	 Section 8.02.     Preservation of Information; Communications to Holders
	  	47
	 Section 8.03.     Reports by Trustee
	  	48
	
	 ARTICLE 9

	 DEFEASANCE AND DISCHARGE

		
	 Section 9.01.     Defeasance and Discharge of Indenture
	  	48
	 Section 9.02.     Legal Defeasance
	  	49
	 Section 9.03.     Covenant Defeasance
	  	50
	 Section 9.04.     Application by Trustee of Funds Deposited for Payment of Notes
	  	51
	 Section 9.05.     Repayment of Moneys Held by Paying Agent
	  	51
	 Section 9.06.     Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years
	  	51
	
	 ARTICLE 10

	 AMENDMENTS

		
	 Section 10.01.     Supplemental Indentures Without Consent of Holders
	  	52
	 Section 10.02.     Supplemental Indentures with Consent of Holders
	  	53
	 Section 10.03.     Execution of Supplemental Indentures
	  	54
	 Section 10.04.     Effect of Supplemental Indentures
	  	55
	 Section 10.05.     Conformity with Trust Indenture Act
	  	55
	 Section 10.06.     Reference in Notes to Supplemental Indentures
	  	55

  

 iii 

			
	 ARTICLE 11

	 PARENT GUARANTEE

	 Section 11.01.     Parent Guarantee
	  	55
	 Section 11.02.     Successors and Assigns
	  	58
	 Section 11.03.     No Waiver
	  	58
	 Section 11.04.     Modification
	  	58
	 Section 11.05.     Release of Parent Guarantor and Termination of Parent Guarantee
	  	58

  

 iv 

 CROSS-REFERENCE TABLE 
  

					
	 TIA Section
	  	Indenture
Section
	 310
	  	 (a)(1)
	  	7.09
		  	 (a)(2)
	  	7.09
		  	 (a)(3)
	  	N.A.
		  	 (a)(4)
	  	N.A.
		  	 (b)
	  	7.08; 7.10
	 311
	  	 (a)
	  	7.13
		  	 (b)
	  	7.13
	 312
	  	 (a)
	  	8.01; 8.02(a)
		  	 (b)
	  	8.02(b)
		  	 (c)
	  	8.02(c)
	 313
	  	 (a)
	  	8.03(a)
		  	 (b)
	  	8.03(a)
		  	 (c)
	  	8.03(a)
		  	 (d)
	  	8.03(b)
	 314
	  	 (a)
	  	8.04
		  	 (b)
	  	N.A.
		  	 (c)(1)
	  	1.02
		  	 (c)(2)
	  	1.02
		  	 (c)(3)
	  	N.A.
		  	 (d)
	  	N.A.
		  	 (e)
	  	1.02
	 315
	  	 (a)
	  	7.01
		  	 (b)
	  	7.02
		  	 (c)
	  	7.01
		  	 (d)
	  	7.01
		  	 (e)
	  	6.14
	 316
	  	 (a)(1)(A)
	  	6.12
		  	 (a)(1)(B)
	  	6.13
		  	 (a)(2)
	  	N.A.
		  	 (b)
	  	6.08
		  	 (c)
	  	1.04(c)
	 317
	  	 (a)(1)
	  	6.03
		  	 (a)(2)
	  	6.04
		  	 (b)
	  	3.03
	 318
	  	 (a)
	  	1.07

  

	
	 N.A. means Not Applicable

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

  

 v 

 INDENTURE, dated as of September     , 2006, among Seagate Technology HDD
Holdings, an exempted limited liability company organized under the laws of the Cayman Islands, as issuer (the “Company”), and Seagate Technology, an exempted limited liability company organized under the laws of the Cayman Islands
as guarantor (“Parent”), and U.S. Bank National Association, a national banking association, as Trustee (the “Trustee”). 
 RECITALS OF THE COMPANY 
 The Company has duly authorized the creation of an issue of Floating Rate
Senior Notes due 2009 (the “2009 Notes”), [•]% Senior Notes due 2011 (the “2011 Notes”) and [•]% Senior Notes due 2016 (the “2016 Notes” and, together with the 2009 Notes and the 2011
Notes, the “Notes”) of substantially the tenor and amount hereinafter set forth, and Parent has duly authorized the guarantee of the Notes by Parent (the “Parent Guarantee”), and to provide therefor each of the
Company and Parent has duly authorized the execution and delivery of this Indenture. 
 All things necessary have been done to make
(i) the Notes, when executed by the Company and authenticated and delivered hereunder and duly issued by the Company, the valid obligations of the Company, (ii) the Parent Guarantee, when the Indenture is executed and delivered by Parent,
to make the Parent Guarantee a valid obligation of Parent, and (iii) this Indenture a valid agreement of the Company and Parent, in accordance with the terms of the Notes and the Indenture. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchases of the Notes by the Holders thereof, it is mutually agreed, for the benefit of the Company, Parent and the equal and proportionate benefit of all Holders of the Notes, as follows:

 ARTICLE 1 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.01. Definitions. For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 (i) the terms defined in this Article 1 have the meanings assigned to them in this Article and include the plural as well as the singular;

 (ii) all other terms used herein that are defined in the Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them therein; 
 (iii) all accounting terms not otherwise
defined herein have the meanings assigned to them in accordance with GAAP; and 
 (iv) 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 or other subdivision. 
 “Act,” when used with respect to any Holder, has the meaning specified in Section 1.04. 
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Agent Members” has the meaning specified in Section 2.10. 
 “Aggregate Debt” has the meaning specified in Section 3.12. 
 “Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Notes, the rules
and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 
 “Attributable Liens”
has the meaning specified in Section 3.12. 
 “Board of Directors” means, with respect to any Person, the board of
directors of such Person or, except for purposes of Section 3.09 and the definition of “Change of Control,” any duly authorized committee of that board. 
 “Board Resolution” means, with respect to any Person, a copy of a resolution certified by the Secretary or an Assistant Secretary of such Person to have been duly adopted by the Board of Directors and
to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Business Day” means any
day other than a Saturday, a Sunday or a day on which banking institutions in The City of New York and the City of San Francisco are authorized or obligated by law, or executive order or governmental decree to be closed. 
 “Capital Lease” has the meaning specified in Section 3.12. 
  

 2 

 “Change of Control” means the occurrence of any of the following events: 
 (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that for purposes of this clause (i) such person shall be deemed to have “beneficial ownership” of all shares that any 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 total voting power of the Voting Stock of the Company (for purposes of this clause (i), a person shall be
deemed to beneficially own any Voting Stock of a person (the “specified person”) held by any other person (the “parent entity”) so long as such person is the beneficial owner (as defined in this clause (i)),
directly or indirectly, of more than 50% of the voting power of the Voting Stock of the parent entity); 
 (ii) individuals
who on the Issue Date constituted the Board of Directors of the Company or Parent (together with any new directors whose election by such Board of Directors of the Company or Parent or whose nomination for election by the shareholders of the Company
or Parent, as the case may be, was approved by a vote of a majority of the directors of the Company or of Parent, as the case may be, then still in office who were either directors on the Issue Date or whose election or nomination for election was
previously so approved) cease for any reason to constitute a majority of the Board of Directors of the Company or Parent then in office; 
 (iii) the adoption of a plan relating to the liquidation or dissolution of the Company; or 
 (iv) the merger or consolidation of Parent or the Company with or into another Person or the merger of another Person with or into Parent or the Company, or the sale of all or substantially all the assets of Parent or the Company
(determined on a consolidated basis) to another Person, other than a transaction following which, in the case of a merger or consolidation transaction, Holders of securities that represented 100% of the Voting Stock of Parent or the Company
immediately prior to such transaction (or other securities into which such securities are converted as part of such merger or consolidation transaction) own directly or indirectly at least a majority of the voting power of the Voting Stock of the
surviving Person in such merger or consolidation transaction immediately after such transaction and in substantially the same proportion as before the transaction. 
  

 3 

 “Clearstream” means Clearstream Banking, société anonyme, Luxembourg
(formerly Cedel Bank, société anonyme), and any successor thereto. 
 “Commission” means the Securities and
Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture
Act, then the body performing such duties at such time. 
 “Company” means the Person named as the “Company” in
the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 
 “Company Request” or “Company Order” means a written request or order signed in the name of the Company by any two of
its Chairman of the Board, its Vice Chairman of the Board, its Chief Executive Officer, its President, any Vice President, its Chief Financial Officer, its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to
the Trustee. 
 “Comparable Treasury Issue” means the United States Treasury security selected by a Reference Treasury
Dealer as having an actual or interpolated maturity comparable to the remaining term of the Notes called for redemption, that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the Notes called for redemption. 
 “Comparable Treasury
Price” means, with respect to any Redemption Date, the average, as determined by the Company or such agent as may be appointed by the Company, of the Reference Treasury Dealer Quotations for that Redemption Date. 
 “Consolidated Net Worth” has the meaning specified in Section 3.12. 
 “Consolidated Subsidiaries” has the meaning specified in Section 3.12. 
 “Corporate Trust Office” means the office of the Trustee at which the corporate trust business of the Trustee shall, at any particular
time, be principally administered, which office is, at the date of this Indenture, located at One California Street, Suite 1200, San Francisco, California 94111, but for purposes of registration of transfer and exchange and presentation and
surrender of Notes pursuant to Section 3.02 shall be located at 100 Wall Street, Suite 1600, New York , New York 10005. 
 “corporation” means a corporation, association, company, joint-stock company or business trust. 
 “Default” means any event that is or with the passage of time or the giving of notice or both would become an Event of Default. 
  

 4 

 “Depositary” means The Depository Trust Company until a successor Depositary shall have
become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean such successor Depositary. 
 “Event of Default” has the meaning specified in Section 6.01. 
 “Euroclear” means the
Euroclear Clearance System and any successor thereto. 
 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as
amended. 
 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Public
Company Accounting Oversight Board (United States) and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting
profession, which are in effect as of the date of determination. 
 “Global Note” means a Note in global form registered in
the Note Register in the name of a Depositary or a nominee thereof. 
 “Governmental Obligations” means securities that are
(i) direct obligations of the United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United
States of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America that, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also
include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental
Obligation held by such custodian for the account of the holder of such depositary receipt; provided however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of
such depositary receipt from any amount received by the custodian in respect of the Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt. 
 “Holder” means a Person in whose name a Note is registered in the Note Register. 
 “Indebtedness” has the meaning specified in Section 3.12. 
  

 5 

 “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 Trust
Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. 
 “Issue
Date” means the date the Notes are originally issued as set forth on the face of the Note under this Indenture. 
 “Lien” has the meaning specified in Section 3.12. 
 “Maturity”, when used with respect to
any Note, means the date on which the principal or premium of such Note becomes due and payable as therein or herein provided, whether at the Stated Maturity upon optional redemption, upon required repurchase, by declaration of acceleration or
otherwise. 
 “Note” or “Notes” has the meaning specified in the first paragraph of the Recitals of the
Company. 
 “Note Register” and “Note Registrar” have the respective meanings specified in
Section 2.07. 
 “Notice of Default” has the meaning specified in Section 6.01. 
 “Officers’ Certificate” means a certificate signed on behalf of the Company by any two of its the Chairman of the Board, its Vice
Chairman of the Board, its Chief Executive Officer, its President, any Vice President, its Chief Financial Officer, its Treasurer, any Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee. One of the officers
signing an Officers’ Certificate given pursuant to Section 3.04 shall be the principal executive, financial or accounting officer of the Company. 
 “Opinion of Counsel” means a written opinion of counsel, who may be external or in-house counsel for the Company, and who shall be reasonably acceptable to the Trustee. 
 “Outstanding,” when used with respect to Notes, means, as of the date of determination, all Notes theretofore authenticated and
delivered under this Indenture, except: 
 (i) Notes theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation; 
 (ii) Notes, or portions thereof, for whose payment, redemption or repurchase money in the necessary amount
has been theretofore 
  

 6 

 deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and
segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Notes; provided that if such Notes are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given
to the Holders as herein provided, or provision satisfactory to a Responsible Officer of the Trustee shall have been made for giving such notice; and 
 (iii) Notes that have been paid or in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Indenture; 
 provided, however, that, in determining whether the Holders of the requisite Principal Amount of the Outstanding Notes have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, Notes owned by the Company or any other obligor upon the Notes shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be
protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Notes which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Notes so owned which have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Notes and that the pledgee is not the Company or any other obligor upon the
Notes. 
 “Parent Guarantee” means the guarantee by Parent of the Company’s obligations with respect to the Notes.

 “Paying Agent” means any Person (including the Company) authorized by the Company to pay the principal, redemption price
or repurchase price of any Note on behalf of the Company. The Trustee shall initially be the Paying Agent. 
 “Permitted
Liens” has the meaning specified in Section 3.12. 
 “Person” means any individual, corporation, partnership,
joint venture, association, limited liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Physical Notes” means permanent certificated Notes in registered form issued in denomination of $1,000 Principal Amount and integral
multiples thereof. 
 “Principal Amount” of a Note means the Principal Amount as set forth on the face of the Note.

  

 7 

 “Principal Property” has the meaning specified in Section 3.12. 
 “Record Date” has the respective meanings specified in the Notes attached hereto as Exhibit A, Exhibit B and Exhibit
C. 
 “Redemption Date” shall mean the date specified for redemption of the Notes in accordance with the terms of the
Notes and Section 5.01. 
 “Redemption Price” has the meaning specified in Section 5.01. 
 “Reference Treasury Dealer” means Morgan Stanley & Co. Incorporated, J.P. Morgan Securities Inc. and two other primary U.S.
Government securities dealers selected by the Company and each of their respective successors; provided that if any of the foregoing ceases to be a primary U.S. Government securities dealer, the Company shall substitute another nationally
recognized investment banking firm that is a primary U.S. Government securities dealer. 
 “Reference Treasury Dealer
Quotations” means, on any Redemption Date, the average, as determined by the Company or such agent as may be appointed by the Company for this purpose, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as
a percentage of its principal amount) quoted in writing to the Company by each Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding that Redemption Date. 
 “Remaining Scheduled Payments” means the remaining scheduled payments of principal of and interest on the Notes called for redemption
that would be due after the related Redemption Date but for that redemption. If that Redemption Date is not an interest payment date, the amount of the next succeeding scheduled interest payment on the Notes will be reduced by the amount of interest
accrued on the Notes called for redemption to such Redemption Date. 
 “Responsible Officer” means any officer of the
Trustee within the Corporate Trust Office of the Trustee with direct responsibility for the administration of this Indenture and also, with respect to a particular matter, any other officer of the Trustee to whom such matter is referred because of
such officer’s knowledge and familiarity with the particular subject. 
 “Securities Act” means the U.S. Securities Act
of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder. 
 “Senior Officer” has the
meaning specified in Section 3.12. 
 “Shareholders’ Equity” has the meaning specified in Section 3.12.

 “Significant Subsidiary” has the meaning set forth in Regulation S-X, promulgated by the Commission, as may be amended
from time to time. 
  

 8 

 “Stated Maturity,” when used with respect to any Note, means the date specified in such
Note as the fixed date on which an amount equal to the principal amount of such Note together with accrued and unpaid interest is due and payable. 
 “Subsidiary” of a Person means a corporation, partnership, limited liability company or other similar entity a majority of whose Voting Stock is owned by such Person or a Subsidiary of such Person. 
 “Successor Company” has the meaning specified in Section 4.01. 
 “Successor Parent” has the meaning specified in Section 4.02. 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity
(computed as of the third Business Day immediately preceding that Redemption Date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for that Redemption Date. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in effect on the
date as of which this Indenture was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust
Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph
of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean such successor Trustee. 
 “Vice President,” when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a number
or a word or words added before or after the title “vice president”. 
 “Voting Stock” has the meaning specified
in Section 3.12. 
 Section 1.02. Compliance Certificates and Opinions. Upon any application or request by the Company to
the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the
form of an Officers’ Certificate, if to be given by an officer of the Company, or an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirement set forth in this
Indenture. 
  

 9 

 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, such individual has made such examination or investigation as is necessary to enable such individual 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 1.03. Form of Documents Delivered to Trustee. In any case where several matters are required to be certified by, or covered by an
opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an
opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or
representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous.
Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such
factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other
instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
  

 10 

 Section 1.04. Acts of Holders; Record Dates. (a) Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent
duly appointed in writing and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such
instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as an “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a
writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 7.01) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 1.04. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or
by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer
acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person
executing the same, may also be proved in any other manner which the Trustee reasonably deems sufficient. 
 (c) The Company may, in the
circumstances permitted by the Trust Indenture Act, fix any calendar day as the record date for the purpose of determining the Holders entitled to give or take any request, demand, authorization, direction, notice, consent, waiver or other action,
or to vote on any action, authorized or permitted to be given or taken by Holders. If not set by the Company prior to the first solicitation of a Holder made by any Person in respect of any such action, or, in the case of any such vote, prior to
such vote, the record date for any such action or vote shall be the 30th calendar day (or, if later, the date of the most recent list of Holders required to be provided pursuant to Section 8.01) prior to such first solicitation or vote, as the
case may be. With regard to any record date, only the Holders on such date (or their duly designated proxies) shall be entitled to give or take, or vote on, the relevant action. 
 (d) The ownership of Notes shall be proved by the Note Register. 
 (e) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the
registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Note.

  

 11 

 Section 1.05. Notices, Etc., to Trustee and Company. Any request, demand, authorization,
direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with: 
 (i) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in
writing to or with the Trustee at: U.S. Bank National Association, One California Street, Suite 2100, San Francisco, California 94111; or 
 (ii) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company
addressed to it at the address of its principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company, Attention: Treasurer. 
 Section 1.06. Notice to Holders; Waiver. Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently
given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at such Holder’s address as it appears in the Note Register, not later than the latest date (if
any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular
Holder shall affect the sufficiency of such notice with respect to other Holders. 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.

 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. 
 Whenever under this Indenture the Trustee is required to provide any notice by mail, in all cases the Trustee may alternatively provide notice by overnight courier or by telefacsimile, with confirmation of
transmission. 
 Section 1.07. Conflict with Trust Indenture Act. If any provision hereof limits, qualifies or conflicts with a
provision of the Trust Indenture Act that is 
  

 12 

 required hereunder to be a part of and govern this Indenture, the latter provision shall control. If any provision of
this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
 Section 1.08. Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for convenience
only and shall not affect the construction hereof, and all Article and Section references are to Articles and Sections, respectively, of this Indenture unless otherwise expressly stated. 
 Section 1.09. Successors and Assigns. All covenants and agreements in this Indenture by the Company shall bind its successors and assigns,
whether so expressed or not. 
 Section 1.10. Severability Clause. 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 1.11. Benefits of Indenture. Nothing in this Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto and their respective successors hereunder and the
Holders of Notes, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 1.12. Governing
Law. This Indenture and the Notes shall be governed by and construed in accordance with the laws of the State of New York. 
 ARTICLE 2

 THE NOTES 
 Section 2.01. Title and Terms. The aggregate Principal Amount of Notes that may be authenticated and delivered under this Indenture is initially limited to $[•], except for Notes authenticated and
delivered upon registration or transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.06, 2.07, 2.08, 5.06 and 10.06. 
 The 2009 Notes shall be designated as “Floating Rate Senior Notes due 2009,” the 2011 Notes shall be designated as “[•]% Senior Notes due 2011” and the 2016 Notes shall be designated as “[•]% Senior Notes
due 2016.” The 2009 Notes, the 2011 Notes and the 2016 Notes shall each represent a separate series of Notes. 
  

 13 

 The Notes of each series shall rank equally and pari passu with the Notes of each other series and
with all other unsecured and unsubordinated debt of the Company. 
 The Principal Amount and accrued interest on the Notes shall be payable
at the office or agency of the Company in The City of New York maintained for such purpose and at any other office or agency maintained by the Company for such purpose; provided that, except in the case of a Global Note, the Company will pay
interest (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Note Register or (ii) by wire transfer in immediately available funds to a Holder with an aggregate Principal Amount of Notes of
any series in excess of $2.0 million, to the place and account designated in writing at least 15 calendar days prior to the interest payment date by the Person entitled thereto as specified in the Note Register. 
 If the Stated Maturity or Redemption Date for any Note falls on a day that is not a Business Day, the payment of principal and interest will be made on
the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after the Stated Maturity or Redemption Date, as the case may be. If an interest payment date for the 2011 Notes or the 2016 Notes falls on a day
that is not a Business Day, the interest payment shall be postponed to the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after such interest payment date. If an interest payment date for the 2009
Notes falls on a day that is not a Business Day, the interest payment date shall be postponed to the next succeeding Business Day unless such next succeeding Business Day would be in the following month, in which case, the interest payment date
shall be the immediately preceding Business Day. Interest on the Notes will be paid to but excluding the relevant interest payment date. 
 The Notes shall not have the benefit of a sinking fund. 
 Section 2.02. Forms of Notes. The 2009 Notes shall be
substantially in the form set forth in Exhibit A hereto, the 2011 Notes shall be substantially in the form set forth in Exhibit B hereto and the 2016 Notes shall be substantially in the form set forth in Exhibit C hereto, in
each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and with such letters, numbers or other marks of identification and such legends or endorsements placed thereon
as may be required to comply with the rules of any securities exchange or Depositary therefor, the Internal Revenue Code of 1986, as amended, and the regulations thereunder, or as may, consistently herewith, be determined by the officers executing
such Notes, as evidenced by their execution thereof. 
 The terms and provisions contained in the forms of Notes attached hereto as
Exhibit A, Exhibit B and Exhibit C shall constitute, and are hereby expressly 
  

 14 

 made, a part of this Indenture and, to the extent applicable, the Company and the Trustee, by their execution and
delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 The Notes shall initially be issued in
the form of permanent Global Notes in registered form. The aggregate Principal Amount of the Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, as
hereinafter provided. 
 Section 2.03. Form of Trustee’s Certificate of Authentication. Each of the Notes shall bear the
following authentication of the Trustee: 
 “This is one of the Notes referred to in the with-in mentioned indenture. 
  

									
	 Dated:                      
	 		 	 [                                       
 ], as Trustee

					
		 		 		 	 By
	 	  

		 		 		 		 	 Authorized Signatory”

 Section 2.04. Denominations. The Notes shall be issuable only in registered form
without coupons and in denominations of $1,000 and any integral multiple of $1,000 above that amount. 
 Section 2.05. Execution,
Authentication, Delivery and Dating. The Notes shall be executed on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its Chief Financial Officer, its President, its Treasurer or one of its Vice Presidents.

 Notes bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the
Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices at the date of such Notes. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed by the Company to the
Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes. The Company Order shall specify the amount of Notes to be authenticated, and shall further specify the amount of such Notes to be issued as
a Global Note or as Physical Notes. The Trustee in accordance with such Company Order shall authenticate and deliver such Notes as in this Indenture provided and not otherwise. 
 Each Note shall be dated the date of its authentication. 
  

 15 

 No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose
unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that
such Note has been duly authenticated and delivered hereunder. 
 Section 2.06. Temporary Notes. Pending the preparation of
definitive Notes, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Notes may determine, as evidenced by their
execution of such Notes. 
 If temporary Notes are issued, the Company will cause definitive Notes to be prepared without unreasonable delay.
After the preparation of definitive Notes, the temporary Notes shall be exchangeable for definitive Notes upon surrender of the temporary Notes at any office or agency of the Company designated pursuant to Section 3.02, without charge to the
Holder. Upon surrender for cancellation of any one or more temporary Notes the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like Principal Amount of definitive Notes of authorized denominations. Until
so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under this Indenture as definitive Notes. 
 Section 2.07. Registration of Transfer and Exchange. The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any other office or agency designated
pursuant to Section 3.02 being herein sometimes collectively referred to as the “Note Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Notes and
of transfers of Notes. The Trustee is hereby appointed “Note Registrar” (the “Note Registrar”) for the purpose of registering Notes and transfers of Notes as herein provided. 
 Upon surrender for registration of transfer of any Note at an office or agency of the Company designated pursuant to Section 3.02 for such purpose,
the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denominations and of a like aggregate Principal Amount and tenor. 

At the option of the Holder and subject to the other provisions of this Section 2.07 and Sections 2.10 and 2.11, Notes may be exchanged for other
Notes 
  

 16 

 of any authorized denominations and of a like aggregate Principal Amount and tenor, upon surrender of the Notes to be
exchanged at such office or agency. Whenever any Notes are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Notes which the Holder making the exchange is entitled to receive. 
 All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Company, evidencing the same debt, and
entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 
 Every Note
presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Note
Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. 
 No service charge shall be made for any
registration of transfer or exchange of Notes, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Notes, other than
exchanges pursuant to Section 2.06 not involving any transfer. 
 If the Company elects to redeem a series of Notes, it shall not be
required to (i) issue, register the transfer of or exchange any Note of such series during the period beginning at the opening of business 15 calendar days before the day the Company mails the notice of redemption for such series of Notes and
ending at the close of business on the day such notice of redemption is mailed or (ii) register the transfer or exchange of any Note of such series after a notice of redemption has been mailed to Holders except, where such notice provides that
such Note is to be redeemed only in part, the Company shall be required to exchange or register a transfer of the portion thereof not to be redeemed. 
 Neither the Trustee nor any of its agents shall (i) have any duty to monitor compliance with or with respect to any federal or state or other securities or tax laws or (ii) have any duty to obtain
documentation relating to any transfers or exchanges other than as specifically required hereunder. 
 As used in this Section, the term
“transfer” encompasses any sale, pledge, transfer or other disposition of any Note. 
 Section 2.08. Mutilated,
Destroyed, Lost and Stolen Notes. If any mutilated Note is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Note of like tenor and Principal Amount and bearing a
number not contemporaneously outstanding. 
  

 17 

 If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the
destruction, loss or theft of any Note and (ii) such security or indemnity as may be required by them to hold each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Note has
been acquired by a bona fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and Principal Amount and bearing a number not
contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable
or has been called for redemption in full, the Company in its discretion may, instead of issuing a new Note, pay such Note. 
 Upon the
issuance of any new Note under this Section 2.08, the Company may require payment by the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees
and expenses of the Trustee) connected therewith. 
 Every new Note issued pursuant to this Section 2.08 in lieu of any destroyed, lost
or stolen Note shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Notes duly issued hereunder. 
 The provisions of this Section are exclusive and shall
preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 
 Section 2.09. Persons Deemed Owners. Prior to due presentment of a Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name
such Note is registered as the owner of such Note for the purpose of receiving payment of the principal of such Note and for all other purposes whatsoever, whether or not such Note be overdue, and neither the Company, the Trustee nor any agent of
the Company or the Trustee shall be affected by notice to the contrary. 
 Section 2.10. Book-Entry Provisions for Global Notes.
(a) The Global Notes initially shall (i) be registered in the name of the Depositary or the nominee of such Depositary and (ii) be delivered to the Trustee as custodian for the Depositary. 
  

 18 

 Members of, or participants in, the Depositary, Euroclear or Clearstream (“Agent
Members”) shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary, or the Trustee as its custodian, or under the Global Note, and the Depositary may be treated by the Company, the
Trustee and any agent of the Company or the Trustee as the absolute owner of the Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee
from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of any
Holder. 
 (b) Transfers of the Global Notes shall be limited to transfers in whole, but not in part, to the Depositary, its successors or
their respective nominees. Interests of beneficial owners in a Global Note may be transferred or exchanged, in whole or in part, for Physical Notes in accordance with the rules and procedures of the Depositary and the provisions of
Section 2.11. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in the Global Notes if (A) such Depositary has notified the Company (or the Company becomes aware) that the
Depositary (i) is unwilling or unable to properly discharge its responsibilities as Depositary for such Global Note or (ii) has ceased to be a clearing agency registered under the Exchange Act when the Depositary is required to be so
registered to act as such Depositary and, in either such case, no successor Depositary shall have been appointed within 90 calendar days of such notification or of the Company becoming aware of such event; or (B) there shall have occurred and
be continuing an Event of Default with respect to such Global Note and the Outstanding Notes shall have become due and payable pursuant to Section 6.02 and the Trustee requests that Physical Notes be issued. 
 Investors may hold their interests in the Global Notes directly through Euroclear or Clearstream, if they are Agent Members in such systems, or
indirectly through organizations that are Agent Members in such systems. If interests in the Global Notes are held through Euroclear or Clearstream, Euroclear and Clearstream shall hold such interests in the Global Notes through the Depositary on
behalf of their Agent Members. 
 (c) In connection with any transfer or exchange of a portion of the beneficial interest in the Global Note
to beneficial owners pursuant to paragraph (b) above, the Note Registrar shall (if one or more Physical Notes are to be issued) reflect on its books and records the date and a decrease in the Principal Amount of the Global Note in an amount
equal to the Principal Amount of the beneficial interest in the Global Note to be transferred, and the Company shall execute, and the Trustee shall authenticate and deliver, one or more Physical Notes of like tenor and aggregate Principal Amount.

  

 19 

 (d) In connection with the transfer of the entire Global Note to beneficial owners pursuant to
paragraph (b) above, the Global Note shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in
exchange for its beneficial interest in the Global Note, an equal aggregate Principal Amount of Physical Notes of authorized denominations and the same tenor. 
 (e) The Holder of the Global Notes may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled
to take under this Indenture or the Notes. 
 Section 2.11. Cancellation and Transfer Provisions. The Company at any time may
deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Notes previously authenticated
hereunder which the Company has not issued and sold. The Trustee shall cancel and dispose of all Notes surrendered for registration of transfer, exchange, payment, redemption or cancellation in accordance with its customary practices. If the Company
shall acquire any of the Notes, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are delivered to the Trustee for cancellation. The Company may not issue new
Notes to replace Notes it has paid in full or delivered to the Trustee for cancellation. 
 Section 2.12. Euroclear and Clearstream
Procedures Applicable. The provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions” and “Customer
Handbook” of Clearstream shall be applicable to transfers of beneficial interests in any Global Note held by Agent Members through Euroclear and Clearstream. 
 Section 2.13. CUSIP Numbers. In issuing the Notes, the Company may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of
redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may
be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee of any change in the “CUSIP”
numbers. 
  

 20 

 ARTICLE 3 
 COVENANTS 
 Section 3.01. Payments. The Company shall duly and punctually
make all payments in respect of the Notes in accordance with the terms of the Notes and this Indenture. 
 Any payments made or due pursuant
to this Indenture shall be considered paid on the applicable date due if by 11:00 a.m., New York City time, on such date the Paying Agent holds, in accordance with this Indenture, cash sufficient to pay all such amounts then due. Payment of the
principal and interest on the Notes shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
 Section 3.02. Maintenance of Office or Agency. The Company shall maintain in the Borough of Manhattan, The City of New York, an office or
agency where Notes may be presented or surrendered for payment, where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served,
which shall initially be the Corporate Trust Office of the Trustee. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to
maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby
appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 The Company may also from time to
time designate one or more other offices or agencies (in or outside the Borough of Manhattan, The City of New York) where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations;
provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Borough of Manhattan, The City of New York, for such purposes. The Company shall give
prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 
 Section 3.03. Money for Note Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it shall, on or before each due date of any payment in respect of any of the Notes, segregate and hold in
trust for the benefit of the Persons entitled thereto a sum sufficient to make the payment so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and shall promptly notify the Trustee of its action
or failure so to act. 
  

 21 

 Whenever the Company shall have one or more Paying Agents, it will, prior to each due date of any payment
in respect of any Notes, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its
action or failure so to act. 
 The Company shall cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an
instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 3.03, that such Paying Agent will (i) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent
and (ii) during the continuance of any default by the Company (or any other obligor upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in
trust by such Paying Agent as such. 
 The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this
Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such
sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 
 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the making of payments in respect of any Note and
remaining unclaimed for two years after such payment has become due shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter, as an unsecured
general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided,
however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in a newspaper published in the English language, customarily published on each
Business Day and of general circulation in The City of New York, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 calendar days from the date of such publication, any unclaimed
balance of such money then remaining shall be repaid to the Company. In the absence of a written request from the Company to return funds remaining unclaimed for two years after such payment has become due to the Company, the Trustee shall from time
to time deliver all unclaimed payments to or as directed by applicable escheat authorities, as determined by the Trustee in its sole discretion, in accordance with the customary practices and procedures of the Trustee. Any such unclaimed funds held
by the Trustee pursuant to this Section 3.03 shall be held uninvested and without any liability for interest. 
  

 22 

 Section 3.04. Statement by Officers as to Default. The Company will deliver to the Trustee,
within 120 calendar days after the end of each fiscal year of the Company ending after the Issue Date, an Officers’ Certificate which shall comply with the provisions of Section 314 of the Trust Indenture Act, stating whether or not to the
knowledge of the signers thereof any Default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) that occurred during
the previous fiscal year, specifying all such Defaults and the nature and status thereof of which they have knowledge. 
 The Company shall
deliver to the Trustee, as soon as possible and in any event within 30 calendar days after the Company becomes aware of the occurrence of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of
Default, an Officers’ Certificate setting forth the details of such Event of Default or default and the action which the Company is taking or proposes to take with respect thereto. 
 Section 3.05. Existence. Subject to Article 4, each of the Company and Parent shall do or cause to be done all things necessary to preserve
and keep in full force and effect its existence, rights and franchises; provided, however, that neither the Company nor Parent shall be required to preserve any such right or franchise if its Board of Directors shall determine that the
preservation thereof is no longer desirable in the conduct of the business of the Company or Parent, as applicable, and that the loss thereof is not disadvantageous in any material respect to the Holders. 
 Section 3.06. Reports and Delivery of Certain Information. The Company covenants to comply with Section 314(a) of the Trust Indenture
Act as it relates to information, documents and reports which the Company may be required to file with the Trustee pursuant to such Section 314(a) and with the Commission pursuant to Section 13 or 15(d) of the Exchange Act or otherwise by
the Exchange Act, the Trust Indenture Act or other rules and regulations of the Commission and to file such information, documents and reports with the Trustee within 15 calendar days after the same is filed with the Commission; provided that
in each case the delivery of materials to the Trustee by electronic means or filing of documents pursuant to the Commission’s “EDGAR” system (or any successor electronic filing system) shall be deemed to be “filed” with the
Trustee for purposes of this Section 3.06; and provided further, that so long as Parent is the Guarantor of the Notes, the information, documents and reports required to be filed and provided as described in this Section 3.06 may,
at the Company’s option, be filed and provided by, and be those of, Parent rather than the Company. Delivery of such information, documents and reports to the Trustee is for 
  

 23 

 informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates).

 Section 3.07. Book-Entry System. If the Notes cease to trade in the Depositary’s book-entry settlement system, the
Company covenants and agrees that it shall use reasonable efforts to make such other book-entry arrangements that it determines are reasonable for the Notes. 
 Section 3.08. Information for IRS Filings. The Company shall provide to the Trustee on a timely basis such information as the Trustee requires to enable the Trustee to prepare and file any form required to
be submitted by the Company with the Internal Revenue Service and the Holders of the Notes. 
 Section 3.09. Change of Control.
(a) Upon the occurrence of a Change of Control that is accompanied or followed by a downgrade of the applicable series of Notes by both Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services, within the
Ratings Decline Period, below the lower of the respective rating in effect (i) immediately preceding the first public announcement of such Change of Control or (ii) on the Issue Date, each Holder shall have the right to require that the
Company repurchase such Holder’s Notes at a purchase price in cash equal to 101% of the Principal Amount thereof on the date of purchase plus accrued and unpaid interest, if any, to but excluding the date of purchase (subject to the right of
Holders of record on the relevant record date to receive interest due on the relevant interest payment date), in accordance with the terms contemplated in Section 3.09(b). 
 (b) Within 30 calendar days following any Change of Control, the Company will mail a notice to each Holder with a copy to the Trustee (the
“Change of Control Offer”) stating: 
 (i) that a Change of Control has occurred and that such Holder has the
right to require the Company to purchase such Holder’s Notes at a purchase price in cash equal to 101% of the Principal Amount thereof on the date of purchase, plus accrued and unpaid interest, if any, to the date of purchase (subject to the
right of Holders of record on the relevant record date to receive interest on the relevant interest payment date); 
 (ii) the
circumstances and relevant facts regarding such Change of Control; 
  

 24 

 (iii) the purchase date (which shall be no earlier than 30 calendar days nor later than
60 calendar days from the date such notice is mailed); and 
 (iv) the instructions, as determined by the Company, consistent
with this Section 3.09, that a Holder must follow in order to have its Notes purchased. 
 (c) Holders electing to have Notes purchased
will be required to surrender the Notes, with an appropriate form duly completed, to the Company at the address specified in the notice at least three Business Days prior to the purchase date. Holders will be entitled to withdraw their election if
the Trustee or the Company receives not later than one Business Day prior to the purchase date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note which was delivered for purchase by the Holder
and a statement that such Holder is withdrawing such Holder’s election to have such Note purchased. 
 (d) On the purchase date, all
Notes purchased by the Company under this Section 3.09 shall be delivered by the Company to the Trustee for cancellation, and the Company shall pay the purchase price plus accrued and unpaid interest, if any, to the Holders entitled thereto.

 (e) Notwithstanding the foregoing provisions of this Section 3.09, the Company shall not be required to make a Change of Control
Offer following a Change of Control with respect to a particular series of Notes, (1) if, with respect to such series of Notes, a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the
requirements set forth in this Section 3.09 applicable to a Change of Control Offer made by the Company and purchases all Notes of such series validly tendered and not withdrawn under such Change of Control Offer or (2) if, with respect to
the 2011 Notes or the 2016 Notes, the Company has exercised its option to redeem all the Notes of such Series pursuant to Article 5. 
 (f)
The Company shall comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Section 3.09. To the
extent that the provisions of any securities laws or regulations conflict with provisions of this Section 3.09, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations under this Section 3.09 by virtue of its compliance with such securities laws or regulations. 
 Section 3.10.
Limitation on Liens. (a) Neither the Company nor any of its Subsidiaries will create or incur any Lien on any Principal Property, whether now 
  

 25 

 owned or hereafter acquired, in order to secure any Indebtedness, without effectively providing that the Notes shall be
equally and ratably secured until such time as such Indebtedness is no longer secured by such Lien, except: 
 (i) Liens
existing as of the Issue Date; 
 (ii) Liens granted after the Issue Date created in favor of the Holders of the Notes;

 (iii) Liens created in substitution of, or as replacements for, any Liens permitted by clause (i) or (ii) of this
Section 3.10; provided that based on a good faith determination of one of the Company’s Senior Officers, the Principal Property encumbered under any such substitute or replacement Lien is substantially similar in nature to the
Principal Property encumbered by the otherwise permitted Lien which is being replaced; and 
 (iv) Permitted Liens.

 (b) Notwithstanding Section 3.10, the Company or any Subsidiary of the Company may, without equally and ratably securing the Notes,
create or incur Liens which would otherwise be subject to the restrictions set forth in Section 3.10 if, after giving effect thereto, Aggregate Debt does not exceed the greater of (i) 15% of Consolidated Net Worth calculated as of the date
of the creation or incurrence of the Lien or (ii) 15% of Consolidated Net Worth calculated as of the Issue Date. The Company or any Subsidiary of the Company also may, without equally and ratably securing the Notes, create or incur Liens that
extend, renew, substitute or replace (including successive extensions, renewals, substitutions or replacements), in whole or in part, any Lien permitted pursuant to this Section 3.10(b). 
 Section 3.11. Limitation on Sale and Lease-Back Transactions. (a) Neither the Company nor any of its Subsidiaries will enter into any
sale and lease-back transaction for the sale and leasing back of any Principal Property, whether now owned or hereafter acquired, unless: 
 (i) such transaction was entered into prior to the Issue Date; 
 (ii) such transaction was
for the sale and leasing back to the Company of any Principal Property by one of its Subsidiaries; 
 (iii) such transaction
involves a lease for not more than three years (or which may be terminated by the Company within a period of not more than three years); 
  

 26 

 (iv) the Company would be entitled to incur Indebtedness secured by a mortgage on the
property to be leased in an amount equal to the Attributable Liens with respect to such sale and lease-back transaction without equally and ratably securing the Notes pursuant to Section 3.10; or 
 (v) the Company applies an amount equal to the net proceeds from the sale of the Principal Property to the purchase of another Principal
Property or to the retirement of long-term Indebtedness within 365 calendar days before or after the effective date of any such sale and lease-back transaction; provided that in lieu of applying such amount to such retirement, the Company may
deliver Notes to the Trustee for cancellation, such Notes to be credited at the cost thereof to the Company. 
 (b) Notwithstanding
Section 3.11, the Company and its Subsidiaries may enter into any sale lease-back transaction which would otherwise be subject to the foregoing restrictions if after giving effect thereto and at the time of determination, Aggregate Debt does
not exceed the greater of (i) 15% of Consolidated Net Worth calculated as of the closing date of the sale and leaseback transaction or (ii) 15% of Consolidated Net Worth calculated as of the Issue Date. 
 Section 3.12. Certain Definitions. As used in Sections 3.10 and 3.11, the following terms have the meanings set forth below. 
 “Aggregate Debt” means the sum of the following as of the date of determination: (i) the aggregate principal amount of Indebtedness
of the Company and its Consolidated Subsidiaries incurred after the Issue Date and secured by Liens not permitted under Section 3.10 and (ii) Attributable Liens of the Company and its Consolidated Subsidiaries in respect of sale and
lease-back transactions entered into after the Issue Date pursuant to Section 3.11(b). 
 “Attributable Liens” means,
in connection with a sale and lease-back transaction, the lesser of: (i) the fair market value of the assets subject to such transaction, as determined in good faith by the Company’s Board of Directors; and (2) the present value
(discounted at a rate of 10% per annum compounded monthly) of the obligations of the lessee for rental payments during the shorter of the term of the related lease or the period through the first date on which the Company may terminate the
lease. 
 “Capital Lease” means any Indebtedness represented by a lease obligation of a Person incurred with respect to real
property or equipment acquired or leased by such Person and used in its business that is required to be recorded as a capital lease in accordance with GAAP. 
  

 27 

 “Consolidated Net Worth” means, as of any date of determination, the Shareholders’
Equity of the Company and its Consolidated Subsidiaries on that date. 
 “Consolidated Subsidiaries” means, as of any date
of determination and with respect to any Person, those Subsidiaries of that Person whose financial data is, in accordance with GAAP, reflected in that Person’s consolidated financial statements. 
 “Indebtedness” of any specified Person means any indebtedness in respect of borrowed money. 
 “Lien” means any lien, security interest, charge or encumbrance of any kind (including any conditional sale or other title retention
agreement, any lease in the nature thereof, and any agreement to give any security interest). 
 “Permitted Liens” means:

 (a) Liens existing on the Issue Date; 
 (b) Liens on any assets, created solely to secure obligations incurred to finance the refurbishment, improvement or construction of such asset, which obligations are incurred no later than 12 months after completion of such refurbishment,
improvement or construction, and all renewals, extensions, refinancings, replacements or refundings of such obligations; 
 (c)
(i) Liens given to secure the payment of the purchase price incurred in connection with the acquisition (including acquisition through merger or consolidation) of any Principal Property, including Capital Lease transactions in connection with
any such acquisition, and (ii) Liens existing on any Principal Property at the time of acquisition thereof or at the time of acquisition by the Company of any Person then owning such property whether or not such existing Liens were given to
secure the payment of the purchase price of the property to which they attach; provided that with respect to clause (c), the Liens shall be given within 12 months after such acquisition and shall attach solely to the Principal Property
acquired or purchased and any improvements then or thereafter placed thereon and any proceeds thereof; 
 (d) pre-existing Liens on assets
acquired after the Issue Date; 
 (e) Liens in favor of the Company or a Subsidiary of the Company; 
 (f) purchase money Liens or purchase money security interests upon or in any Principal Property acquired or held by the Company in the ordinary course of
business to secure the purchase price of such Principal Property or to secure Indebtedness incurred solely for the purpose of financing the acquisition of such Principal Property; 
  

 28 

 (g) Liens on any Principal Property in favor of the United States of America or any State thereof or any
political subdivision thereof to secure progress or other payments or to secure Indebtedness incurred for the purpose of financing the cost of acquiring, constructing or improving such Principal Property; 
 (h) Liens imposed by law, such as carriers’, warehousemen’s and mechanic’s Liens and other similar Liens, in each case for sums not yet
overdue by more than 30 calendar days or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal or
other proceedings for review and Liens arising solely by virtue of any statutory or common law provision relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a
creditor depository institution; 
 (i) Liens for taxes, assessments or other governmental charges not yet due or payable or subject to
penalties for non-payment or which are being contested in good faith by appropriate proceedings; 
 (j) Liens to secure the performance of
bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 
 (k) licenses of intellectual property of the Company and its Restricted Subsidiaries granted in the ordinary course of business or otherwise; or

 (l) any extension, renewal, substitution or replacement (or successive extensions, renewals, substitutions or replacements), in whole or
in part, of any Lien referred to in the clauses (a) to (k), inclusive. 
 “Principal Property” means, with respect to
any Person, all of such Person’s interests in any kind of property or asset (including the capital stock in and other securities of any other Person), except such as the Company’s Board of Directors by resolution determines in good faith
(taking into account, among other things, the materiality of such property to the business, financial condition and earnings of the Company and its Consolidated Subsidiaries taken as a whole) not to be material to the business of the Company and its
Consolidated Subsidiaries, taken as a whole. 
 “Ratings Decline Period” means the period that begins on the date of the
first public announcement of the occurrence of a Change of Control or of the 
  

 29 

 intention by the Company, Parent or a shareholder of Parent, as applicable, to effect a Change of Control, and ends
60 calendar days after the consummation of such Change of Control; provided, however, that such period shall be extended for so long as the rating of the Notes relating to the Change of Control, as noted by the rating agency, is
under publicly announced consideration for downgrade by such rating agency. 
 “Senior Officer” of any specified Person
means the chief executive officer, any president, any vice president, the chief financial officer, the treasurer, any assistant treasurer, the secretary or any assistant secretary. 
 “Shareholders’ Equity” means, as of any date of determination, shareholders’ equity as reflected on the Company’s most
recent consolidated balance sheet prepared in accordance with GAAP. 
 “Voting Stock” of a Person means all classes of
capital stock or other interests (including partnership interests) of such Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof.

 ARTICLE 4 
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
 Section 4.01. Company May Consolidate, Etc., Only on Certain Terms. The Company shall not consolidate with or merge with or into any other Person or convey, transfer or lease all or substantially all of
its properties and assets to any Person, in a single transaction or in a series of transactions, unless: 
 (a) either (i) the Company
shall be the continuing Person or (ii) the Person (if other than the Company) formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, all or substantially all of
the properties and assets of the Company (the “Successor Company”), (A) shall be organized and validly existing under the laws of the Cayman Islands or under the laws of the United States of America, any State thereof or the
District of Columbia and (B) the Successor Company shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, all of the obligations of the Company under the Notes and this Indenture; 
 (b) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an
Event of Default, shall have occurred and be continuing; and 
  

 30 

 (c) the Company or the Successor Company has delivered to the Trustee an Officers’ Certificate and
an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, comply with this Article 4. 

Section 4.02. Parent May Consolidate, Etc., Only on Certain Terms. Parent shall not consolidate with or merge with or into any other
Person or convey, transfer or lease all or substantially all of its properties and assets to any Person, in a single transaction or in a series of transactions, unless: 
 (a) either (i) Parent shall be the continuing Person or (ii) the Person (if other than Parent) formed by such consolidation or into which Parent is merged or the Person which acquires by conveyance or
transfer, or which leases, all or substantially all of the properties and assets of Parent (the “Successor Parent”), (A) shall be organized and validly existing under the laws of the Cayman Islands or under the laws of the
United States of America, any State thereof or the District of Columbia and (B) the Successor Parent shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, all of the obligations of Parent under the
Notes, the Parent Guarantee and this Indenture; 
 (b) immediately after giving effect to such transaction, no Event of Default, and no event
which, after notice or lapse of time or both, would become an Event of Default, shall have occurred and be continuing; and 
 (c) Parent or
the Successor Parent has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with
such transaction, such supplemental indenture comply with this Article 4. 
 Section 4.03. Successor Substituted. (a) Upon
any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of all or substantially all the properties and assets of the Company in accordance with Section 4.01, the Successor
Company shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Successor Company had been named as the Company herein, and thereafter, except in the case
of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Notes. 
 (b) Upon any
consolidation of Parent with, or merger of Parent into, any other Person or any conveyance, transfer or lease of all or substantially all the properties and assets of Parent in accordance with Section 4.02, the Successor Parent shall succeed
to, and be substituted for, and may exercise every right and 
  

 31 

 power of, Parent under this Indenture with the same effect as if such Successor Parent had been named as Parent herein,
and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture, the Parent Guarantee and the Notes. 
 ARTICLE 5 
 REDEMPTION OF NOTES 

Section 5.01. Optional Redemption of Notes by the Company. The Notes are not redeemable at the option of any Holder thereof, upon the
occurrence of any particular event or otherwise, except as provided in Section 3.09. The 2009 Notes are not redeemable at the option of the Company, upon the occurrence of any particular event or otherwise. The 2011 Notes and 2016 Notes will
each be redeemable, in whole or in part, at the option of the Company, at any time or from time to time, at a Redemption Price equal to the greater of (a) 100% of the principal amount of the Notes to be redeemed and (b) the sum of the
present values of the Remaining Scheduled Payments on such series of Notes discounted to the Redemption Date, on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months), at a rate equal to the sum of the applicable Treasury
Rate plus [•] basis points in the case of the 2011 Notes and [•] basis points in the case of the 2016 Notes (in each such case, the “Redemption Price”). The Redemption Price will be provided to the Trustee by the Company.
Accrued interest will be paid to but excluding the Redemption Date. 
 The Company shall give notice to the Trustee of its election to redeem
Notes of any series by a Company Order, at least 30 calendar days but not more than 60 calendar days before the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee). 
 Section 5.02. Selection of Notes to be Redeemed. If less than all the 2011 Notes or the 2016 Notes are to be redeemed, the Trustee shall
select the Notes of such series to be redeemed on a pro rata basis or by lot or by any other method the Trustee considers fair and appropriate (so long as such method is not prohibited by the rules of any stock exchange on which the Notes are then
listed). The Trustee shall make the selection within seven calendar days from its receipt of the notice from the Company delivered pursuant to the second paragraph of Section 5.01 from Outstanding Notes not previously called for redemption.

 Notes and portions of them the Trustee selects shall be in denominations of $1,000 or integral multiples of $1,000. Provisions of this
Indenture that apply to Notes called for redemption in whole also apply to Notes called for redemption in part. The Trustee shall notify the Company promptly of the Notes or portions of Notes to be redeemed. 
  

 32 

 Section 5.03. Notice of Redemption. At least 30 calendar days but not more than 60 calendar
days before a Redemption Date, the Company shall mail a notice of redemption by first-class mail, postage prepaid, to each Holder of Notes to be redeemed. 
 The notice shall identify the Notes to be redeemed and shall state: 
 (i) the aggregate
principal amount of Notes to be redeemed; 
 (ii) the Redemption Date; 
 (iii) the amount of interest accrued to the Redemption Date on the Notes to be redeemed; 
 (iv) that on and after the Redemption Date, interest on the Notes to be redeemed, or on the portion thereof to be redeemed, will cease to
accrue; 
 (v) the name and address of the Paying Agent; 
 (vi) that Notes called for redemption must be surrendered to the Paying Agent for cancellation to collect the Redemption Price;

 (vii) if fewer than all the outstanding Notes are to be redeemed, the certificate number (if such Notes are held other than
in global form) and Principal Amounts of the particular Notes to be redeemed; and 
 (viii) the CUSIP number of the Notes
being redeemed. 
 At the Company’s written request delivered at least 30 calendar days prior to the date such notice is to be given
(unless a shorter time period shall be acceptable to the Trustee), the Trustee shall give the notice of redemption in the Company’s name and at the Company’s expense. 
 Section 5.04. Effect of Notice of Redemption. Once notice of redemption is given, Notes called for redemption become due and payable on the
Redemption Date and at the Redemption Price stated in the notice. Upon surrender to the Paying Agent, such Notes shall be paid at the Redemption Price stated in the notice. Unless the Company Defaults on the payment of the Redemption Price, interest
will cease to accrue on the Notes or portions thereof called for redemption. 
 Section 5.05. Deposit of Redemption Price. Prior
to 11:00 a.m. (New York City time) on a Redemption Date, the Company shall deposit with the Paying Agent (or if the Company or a Subsidiary or an Affiliate of either of them is the Paying Agent, shall segregate and hold in trust) money sufficient to
pay the 
  

 33 

 Redemption Price of all Notes to be redeemed on that date other than Notes or portions of Notes called for redemption
which on or prior thereto have been delivered by the Company to the Trustee for cancellation. 
 Section 5.06. Notes Redeemed in
Part. Upon surrender of a Note that is redeemed in part, the Company shall execute and the Trustee shall authenticate and deliver to the Holder a new Note in an authorized denomination equal in principal amount to the unredeemed portion of the
Note surrendered. 
 ARTICLE 6 
 DEFAULTS AND REMEDIES 
 Section 6.01. Events of Default. “Event of
Default,” wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or
order of any court or any order, rule or regulation of any administrative or governmental body): 
 (a) default in any payment of interest on
any Note when the same becomes due and payable, and such default continues for a period of 30 calendar days; 
 (b) default in the payment of
the Principal Amount of or premium (if any) on any Note when the same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise; 
 (c) default in the performance of the Company’s obligations under Section 3.09(b) in connection with a Change of Control and such default
continues for a period of 30 calendar days; 
 (d) default in the performance of any covenant, agreement or condition of the Company or
Parent in this Indenture or the applicable series of Notes (other than a default specified in Section 6.01(a), Section 6.01(b) or Section 6.01(c)), and such default continues for a period of 90 calendar days after there has been
given, by registered or certified mail, to the Company by the Trustee or to the Trustee and the Company by the Holders of at least 25% in aggregate principal amount of the applicable series of outstanding Notes a written notice specifying such
default and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder, provided however, that, with respect to Section 3.06, the 90 calendar day period shall be extended to 150 calendar
days; 
 (e) the entry by a court having jurisdiction in the premises of (i) a decree or order for relief in respect of the Company or
any Significant Subsidiary 
  

 34 

 of a voluntary case or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law,
(ii) a decree or order adjudging the Company or such Significant Subsidiary as bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company or
such Significant Subsidiary under any applicable law or (iii) appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or such Significant Subsidiary or of any substantial part of
the property or assets of the Company or such Significant Subsidiary, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a
period of 60 consecutive calendar days; or 
 (f) the commencement by the Company or any Significant Subsidiary of a voluntary case or
proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of
the Company or such Significant Subsidiary in an involuntary case or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or
the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Company or such Significant Subsidiary or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing
of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company or such Significant Subsidiary in furtherance of any such action. 
 Section 6.02. Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default (other than those specified in 6.01(e) and
6.01(f)) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate Principal Amount of the applicable series of outstanding Notes may declare the Principal Amount plus accrued and unpaid
interest on the applicable series of outstanding Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount plus accrued and unpaid
interest shall become immediately due and payable. 
 Notwithstanding the foregoing, in the case of an Event of Default specified in
Section 6.01(e) or 6.01(f), the Principal Amount plus accrued and unpaid interest on the applicable series of outstanding Notes will ipso facto become due and payable without any declaration or other act on the part of the Trustee or any
Holder. 
  

 35 

 (b) At any time after such a declaration of acceleration has been made and before a judgment or decree
for payment of the money due has been obtained by the Trustee as hereinafter provided, the Holders of a majority in aggregate Principal Amount of the applicable series of outstanding Notes, by written notice to the Company and the Trustee, may
rescind and annul such declaration and its consequences if: 
 (i) such rescission and annulment will not conflict with any
judgment or decree of a court of competent jurisdiction; and 
 (ii) all Events of Default, other than the non-payment of the
Principal Amount plus accrued and unpaid interest on the applicable series of Notes which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.12. 
 Section 6.03. Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that if a default is made in the payment
of the Principal Amount of or premium (if any) on any Note when the same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise, the Company will, upon demand
of the Trustee, pay to it, for the benefit of the Holders of the applicable series of Notes, the whole amount then due and payable on such Notes and, in addition thereto, 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. 
 If an
Event of Default occurs and is continuing, the Trustee may, but shall not be obligated to, pursue any available remedy to collect the payment of the Principal Amount, premium (if any) and accrued and unpaid interest on the applicable series of Notes
or to enforce the performance of any provision of the applicable series of Notes or this Indenture. The Trustee may maintain a proceeding even if the Trustee does not possess any of the Notes or does not produce any of the Notes in the proceeding.

 Section 6.04. Trustee May File Proofs of Claim. In case of any judicial proceeding relative to the Company (or any other
obligor upon the Notes), its property or its creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have claims of the
Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the

  

 36 

 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 counsel and any other amounts due the Trustee under Section 7.07. 
 No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the
rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.05. Application of Money Collected. Any money collected by the Trustee pursuant to this Article 6 shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of
such money to Holders, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 7.07; and 
 SECOND: To the payment
of the amounts then due and unpaid on the applicable series of Notes for the Principal Amount, premium (if any) and accrued and unpaid interest in respect of which or for the benefit of which such money has been collected, ratably, without
preference or priority of any kind, according to the amounts due and payable on such Notes. 
 Section 6.06. Limitation on Suits.
No Holder of any Note shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder (other than in the case of an Event
of Default specified in Section 6.01(a) or 6.01(b)), unless: 
 (i) such Holder has previously given written notice to
the Trustee of a continuing Event of Default; 
 (ii) the Holders of not less than 25% in aggregate principal amount of the
applicable series of outstanding Notes shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (iii) such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to it against any loss, liability or expense to
be incurred in compliance with such request; 
  

 37 

 (iv) the Trustee for 60 calendar days after its receipt of such notice, request and offer
of security or indemnity has failed to institute any such proceeding; and 
 (v) no direction, in the opinion of the Trustee,
inconsistent with such written request has been given to the Trustee during such 60 calendar day period by the Holders of a majority in aggregate principal amount of the applicable series of outstanding Notes; 
 it being understood and intended that no one or more Holders shall have any right in any manner whatever by virtue of, or by availing itself of, any provision of this
Indenture to affect, disturb or prejudice the rights of any other Holders, or to obtain or to seek to obtain priority or preference over any other Holders or to enforce any right under this Indenture, except in the manner herein provided and for the
equal and ratable benefit of all the Holders. 
 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 the Principal Amount, premium (if any) and accrued and unpaid interest in respect of the applicable series of Notes held by such Holder, on or after the respective
due dates expressed in the Notes or the Indenture, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected adversely without the consent of such Holder. 
 Section 6.08. 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 Company,
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 6.09. Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Notes in the last paragraph of Section 2.08, 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 or employment of any right or remedy
hereunder shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  

 38 

 Section 6.10. 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 6.11. Control by Holders. The Holders of a majority in Principal Amount of the applicable series of outstanding Notes shall have the right to direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee with respect to such series of Notes or exercising any trust or power conferred on the Trustee by the Holders of such series of Notes; provided that the Trustee may refuse to follow any
direction that conflicts with any rule of law or with this Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal liability. 
 Section 6.12. Waiver of Past Defaults. The Holders of not less than a majority in Principal Amount of the applicable series of outstanding Notes
may on behalf of the Holders of all such Notes of that series waive any past Default hereunder and its consequences, except a Default: 
 (i) described in Section 6.01(a) or 6.01(b); or 
 (ii) in respect of a covenant or provision
hereof which under Article 10 cannot be modified or amended without the consent of the Holder of each outstanding Note affected. 
 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 impair any
right consequent thereon. 
 Section 6.13. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this
Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, in either case in respect of the applicable series of Notes, a court may require any party litigant in such suit to file an undertaking to pay the costs
of the suit, and the court may assess reasonable costs, including reasonable attorney’s fees, against any party litigant in the suit having due regard to the merits and good faith of the claims or defenses made by the party litigant; but the
provisions of this Section 6.13 shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in Principal Amount of
the applicable series of outstanding Notes, or to any 
  

 39 

 suit instituted by any Holder for the enforcement of the payment of the Principal Amount or premium (if any) on any Note
when the same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise. 
 Section 6.14. Waiver of Stay or Extension Laws. The Company covenants (to the extent that it may lawfully do so) that it will 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 Company (to the extent that it may lawfully do so)
hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though
no such law had been enacted. 
 ARTICLE 7 
 TRUSTEE 
 Section 7.01. Certain Duties and Responsibilities. The duties and responsibilities of the
Trustee shall be as provided by the Trust Indenture Act. Except during the continuance of an Event of Default, the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied
covenants or obligations shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the applicable series of Notes has occurred (which has not been cured or waived), the Trustee shall exercise the rights and
powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. Notwithstanding the foregoing, no
provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers. Whether or not
therein expressly so provided, 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. 
 Section 7.02. Notice of Defaults. The Trustee shall give the Holders notice of any Default hereunder within 90 calendar days after its actual
knowledge of an occurrence thereof; provided that (except in the case of any Default described in Section 6.01(a) or Section 6.01(b)), the Trustee shall be protected in withholding such notice if and so long as a trust committee of
directors and/or a Responsible Office of the Trustee in good faith determines that the withholding of such notice is in the interest of the Holders of such Notes. 
  

 40 

 Section 7.03. Certain Rights of Trustee. Subject to the provisions of Section 7.01:

 (a) the Trustee may conclusively rely 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
party or parties; 
 (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or
Company Order and any resolution of the Board of Directors of the Company may be sufficiently evidenced by a Board Resolution 
 (c) 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, request and rely upon an Officers’ Certificate; 
 (d) the Trustee may consult with
counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon;

 (e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it in its sole discretion against the costs, expenses and liabilities which might be incurred by
it in compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make
such further inquiry or investigation into such facts or matters as it may see fit; and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 
 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys
and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 
  

 41 

 (h) the Trustee shall not be charged with knowledge of any Default or Event of Default with respect to
the Notes unless either (i) a Responsible Officer shall have actual knowledge of such Default or Event of Default or (ii) written notice of such Default or Event of Default shall have been given to a Responsible Officer of the Trustee by
the Company or any other obligor on such Notes or by any Holder of such Notes; 
 (i) the Trustee shall not be liable for any action taken,
suffered or omitted by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (j) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of
its capacities hereunder, and each agent, custodian, director, officer, employee and other Person employed to act hereunder; 
 (k) the
Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’
Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded; and 
 (l) the permissive rights of the Trustee to take certain actions under this Indenture shall not be construed as a duty unless so specified herein.

 Section 7.04. Not Responsible for Recitals. The recitals contained herein and in the Notes, except the Trustee’s
certificates of authentication, shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity, sufficiency or priority of this Indenture or
of the Notes. The Trustee shall not be accountable for the use or application by the Company of Notes or the proceeds thereof. 
 Section 7.05. May Hold Notes. The Trustee, any Paying Agent, any Note Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Notes and, subject to Sections 7.08
and 7.13, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Note Registrar or such other agent. 
  

 42 

 Section 7.06. Money Held in Trust. Money held by the Trustee in trust hereunder need not be
segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. 
 Section 7.07. Compensation and Reimbursement. The Company agrees: 
 (i) to pay to the Trustee from time to time such compensation for all services rendered by it hereunder as the Company and the Trustee
shall from time to time agree in writing (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
 (ii) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as
may be attributable to its negligence or willful misconduct; and 
 (iii) to indemnify the Trustee (which for purposes of this
Section 7.07(iii) shall include its officers, directors, employees and agents) and any predecessor Trustee for, and to hold it harmless against, any loss, liability or expense including taxes (other than taxes based upon, measured by or
determined by the income of the Trustee) incurred without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of this trust, including the reasonable costs and expenses of defending
itself against any claim (whether assessed by the Company, by any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder 
 The obligations of the Company under this Section 7.07 shall survive the resignation or removal of the Trustee and the satisfaction and discharge of
this Indenture. To secure the Company’s payment obligations in this Section 7.07, the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal on the
Notes. Such lien shall survive the resignation or removal of the Trustee and the satisfaction and discharge of this Indenture. When the Trustee incurs expenses or renders services after a Default or an Event of Default specified in Sections 6.01(e)
and 6.01(f) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under U.S. Code, Title 11 or any other similar foreign, federal
or state law for the relief of debtors. 
  

 43 

 In no event shall the Trustee be liable for any indirect, special, punitive or consequential loss or
damage of any kind whatsoever, including, but not limited to, lost profits, even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 
 In no event shall the Trustee be liable for any failure or delay in the performance of its obligations hereunder because of circumstances beyond its
control, including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, embargo, government action, including any laws, ordinances, regulations, governmental action or the like which delays, restricts
or prohibits the providing of services contemplated by this Indenture. 
 Section 7.08. Disqualification; Conflicting Interests.
If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of,
the Trust Indenture Act and this Indenture. 
 Section 7.09. Corporate Trustee Required; Eligibility. There shall at all times be
a Trustee hereunder which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has, or whose parent banking company has, a combined capital and surplus of at least $50,000,000. If such Person publishes reports of
condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section 7.09, the combined capital and surplus of such Person shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, it shall resign immediately in the manner and
with the effect hereinafter specified in this Article 7. 
 Section 7.10. Resignation and Removal; Appointment of Successor. 

 (a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article 7 shall become effective
until the acceptance of appointment by the successor Trustee under Section 7.11. 
 (b) The Trustee may resign at any time by giving
written notice thereof to the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 calendar days after the giving of such notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction at the expense of the Trustee for the appointment of a successor Trustee. 
 (c) The Trustee may be removed
at any time by Act of the Holders of majority in Principal Amount of the Outstanding Notes, delivered to the Trustee 
  

 44 

 and to the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee
within 30 calendar days after the notice of removal, the Trustee being removed may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Notes. 
 (d) If at any time: 
 (i) the
Trustee shall fail to comply with Section 7.08 after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or 
 (ii) the Trustee shall cease to be eligible under Section 7.09 and shall fail to resign after written request therefor by the Company
or by any such Holder, or 
 (iii) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent,
or 
 (iv) a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control
of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (A) the Company
by a Company Order may remove the Trustee, or (B) subject to Section 6.13, any Holder who has been a bona fide Holder of the applicable series of Notes for at least six months may, on behalf of such Holder and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 (e) If
the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, the Company, by a Company Order, shall promptly appoint a successor Trustee. If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee shall be appointed by Act of the Holders of a majority in Principal Amount of the Outstanding Notes delivered to the Company and the retiring Trustee, the
successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee and supersede the successor Trustee appointed by the Company. If no successor Trustee shall have been so appointed by the Company
or the Holders and accepted appointment in the manner hereinafter provided, any Holder who has been a bona fide Holder of a Note for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee 
  

 45 

 (f) The Company shall give notice of each resignation and each removal of the Trustee and each
appointment of a successor Trustee to all Holders in the manner provided in Section 1.06. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 
 Section 7.11. Acceptance of Appointment by Successor. Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to
the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring
to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. Upon request of any such
successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts. 
 No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this
Article 7. 
 Section 7.12. Merger, Conversion, Consolidation or Succession to Business. 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 the corporate
trust business of the Trustee by sale or otherwise, 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. 
 Section 7.13. Preferential Collection of Claims. If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Notes), the Trustee shall be subject to the provisions of the Trust Indenture
Act regarding the collection of claims against the Company (or any such other obligor). 
  

 46 

 ARTICLE 8 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE 
 Section 8.01. Company to Furnish Trustee Names and Addresses of Holders. The Company will furnish or cause to be furnished to the Trustee: 
 (i) in the case of the 2009 Notes, quarterly, not more than 15 days after each Record Date, a list in such form as the Trustee may
reasonably require, of the names and address of the Holders of the 2009 Notes as of such Record Date; 
 (ii) in the case of
the 2011 Notes and the 2016 Notes, semi-annually, not more than 15 calendar days after each Record Date, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of the 2011 Notes and the 2016 Notes as of
such Record Date; and 
 (iii) at such other times as the Trustee may request in writing, within 30 calendar days after the
receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 calendar days prior to the time such list is furnished; 
 excluding from any such list names and addresses received by the Trustee in its capacity as Note Registrar; provided, however, that no such list need be furnished so long as the Trustee is acting as Note
Registrar. 
 Section 8.02. Preservation of Information; Communications to Holders. (a) The Trustee shall preserve, in as
current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 8.01 and the names and addresses of Holders received by the Trustee in its
capacity as Note Registrar. The Trustee may destroy any list furnished to it as provided in Section 8.01 upon receipt of a new list so furnished. 
 (b) The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Notes, and the corresponding rights and duties of the Trustee, shall be as provided by the
Trust Indenture Act. 
 (c) Every Holder of Notes, by receiving and holding the same, agrees with the Company and the Trustee that neither
the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 
  

 47 

 Section 8.03. Reports by Trustee. (a) The Trustee shall transmit to Holders such reports
concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. Reports so required to be transmitted at stated intervals of not more than
12 months shall be transmitted no later than [•] in each calendar year, commencing in [•]. Each such report shall be dated as of a date not more than 60 calendar days prior to the date of transmission. 
 (b) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange, if any, upon which
the Notes are listed, with the Commission and with the Company. The Company will notify the Trustee when the Notes are listed on any stock exchange or of any delisting thereof. 
 ARTICLE 9 
 DEFEASANCE AND DISCHARGE

 Section 9.01. Defeasance and Discharge of Indenture. The Company may terminate its obligations under the Indenture with
respect to a series of Notes when: 
 (a) either 
 (i) all the Notes of such series that have been authenticated and delivered have been accepted by the Trustee for cancellation (other than any Notes of such series which shall have been destroyed, lost or stolen and
which shall have been replaced or paid as provided in Section 2.08); or 
 (ii) all the Notes of such series that have
not been accepted by the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year, and the Company shall have made irrevocable arrangements satisfactory to the Trustee for the giving
of notice of redemption by such Trustee in the Company’s name and at the Company’ expense and the Company have irrevocably deposited or caused to be deposited with the Trustee sufficient funds to pay and discharge the entire indebtedness
on such series of Notes; and 
 (b) the Company shall have paid or caused to be paid all other sums then due and payable under the Indenture;
and 
 (c) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that all
conditions precedent under the Indenture relating to the satisfaction and discharge of the indenture have been complied with. 
  

 48 

 If the foregoing conditions are met, the Trustee, on demand of the Company accompanied by an
Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Company, shall execute proper instruments prepared by the Company acknowledging such satisfaction of and discharging the Indenture with respect to such series
except as to: 
 (i) rights of registration of transfer and exchange of Notes of such series; 
 (ii) the Company’s right of optional redemption; 
 (iii) substitution of mutilated, defaced, destroyed, lost or stolen Notes; 
 (iv) rights of Holders to receive payment of the Principal Amount, premium (if any) and interest when due and payable; 
 (v) the rights, powers, trusts, duties and immunities of the Trustee hereunder; and 
 (vi) the rights of the Holders of such series as beneficiaries hereof with respect to the property so deposited with the Trustee payable
to all or any of them; and the rights of the Company to be repaid any money pursuant to Sections 9.05 and 9.06. 
 Section 9.02.
Legal Defeasance. After the 91st calendar day following the deposit referred to in Section 9.01, the Company will be deemed to have paid and will be discharged from its obligations in respect of the Notes of such series and the
Indenture, other than its obligations in Article 2 and Sections 3.01, 3.02, 7.07, 7.10, and as set forth in clauses (i) through (vi) of Section 9.01; provided that the following conditions have been satisfied: 
 (a) the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds for the purpose of making the following payments,
specifically pledged as security for, and dedicated solely to the benefits of the holders of the Notes of such series in cash or Governmental Obligations or a combination thereof (other than moneys repaid by the Trustee or any paying agent to the
Company in accordance with Section 9.06) in each case sufficient without reinvestment, in the written opinion of a internationally recognized firm of independent public accountants to pay and discharge, and which shall be applied by the Trustee
to pay and discharge, all of the principal, premium (if any) and interest when the same becomes due and payable at Stated Maturity, upon 
  

 49 

 optional redemption, upon required repurchase or otherwise or if the Company has made irrevocable arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the Company’s name and at the Company’s expense; 
 (b) the Company has delivered to the Trustee an Opinion of Counsel stating that, as a result of an IRS ruling or a change in applicable U.S. federal income tax law, the holders of the Notes of that series will not recognize gain or loss for
U.S. federal income tax purposes as a result of the deposit, defeasance and discharge to be effected and will be subject to the same federal income tax as would be the case if the deposit, defeasance and discharge did not occur; 
 (c) no Default with respect to the outstanding Notes of such series has occurred and is continuing at the time of such deposit after giving effect to the
deposit or, in the case of legal defeasance, no default relating to bankruptcy or insolvency has occurred and is continuing at any time on or before the 91st calendar day after the date of such deposit, it being understood that this condition is not
deemed satisfied until after the 91st calendar day; 
 (d) the defeasance will not cause the Trustee to have a conflicting interest within
the meaning of the Trust Indenture Act, assuming all Notes of such series were in default within the meaning of such Act; 
 (e) the deposit
will not result in a breach or violation of, or constitute a default under, any other agreement or instrument to which the Company is a party or by which it is bound; 
 (f) the defeasance will not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act of 1940, as amended, unless the trust is registered under
such Act or exempt from registration; and 
 (g) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, in each case stating that all conditions precedent provided for herein relating to the defeasance have been complied with. 
 Prior
to the end of the 91 calendar day period, none of the Company’s obligations under the Indenture or the Notes will be discharged. Thereafter, the Trustee upon request will acknowledge in writing the discharge of the Company’s obligations
under the Notes and the Indenture except for the surviving obligations specified above. 
 Section 9.03. Covenant Defeasance.
After the 91st calendar day following the deposit referred to in Section 9.01, the Company’s obligations set forth in Sections 3.04, 3.06, 3.09, 3.10, 3.11, 4.01 and 4.03, Parent’s obligations 
  

 50 

 set forth in Sections 4.02 and 4.03 and the corresponding Parent Guarantees related to such provisions will terminate and
Sections 6.01(c) and (d) will no longer constitute an Event of Default; provided that the following conditions have been satisfied: 
 (a) the Company has complied with clauses (a), (c), (d), (e), (f) and (g) of Section 9.02; and 
 (b) the Company has
delivered to the Trustee an Opinion of Counsel to the effect that the holders of the Notes of that series will not recognize gain or loss for U.S. federal income tax purposes as a result of the deposit and covenant defeasance to be effected and will
be subject to the same federal income tax as would be the case if the deposit and covenant defeasance did not occur. 
 Except as
specifically stated above, none of the Company’s obligations under the Indenture will be discharged. 
 Section 9.04.
Application by Trustee of Funds Deposited for Payment of Notes. Subject to Section 9.06, all moneys deposited with the Trustee pursuant to Section 9.01 shall be held in trust and applied by it to the payment, either directly or through
any paying agent (including the Company acting as its own paying agent), to the Holders of the particular Notes of such series for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee, of
all sums due and to become due thereon for principal, premium (if any) and interest. Such money need not be segregated from other funds except to the extent required by law. 
 Section 9.05. Repayment of Moneys Held by Paying Agent. In connection with the satisfaction and discharge of the Indenture with respect to
Notes of any series, all moneys then held by any paying agent under the provisions of the Indenture with respect to such series of Notes shall, upon demand of the Company, be repaid to the Company or paid to the Trustee and thereupon such paying
agent shall be released from all further liability with respect to such moneys or Governmental Obligations. 
 Section 9.06. Return
of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years. Any moneys or Governmental Obligations deposited with or paid to the Trustee or any Paying Agent for the payment of the principal of or premium (if any) on or interest on any
Note of any series and not applied but remaining unclaimed for two years after the date upon which such principal, premium or interest shall have become due and payable, shall, upon the written request of the Company and unless otherwise required by
mandatory provisions of applicable escheat or abandoned or unclaimed property law, be repaid to the Company by the Trustee for such series or such paying agent, and the Holder of the Note of such series shall, unless otherwise required by mandatory
provisions 
  

 51 

 of applicable escheat or abandoned or unclaimed property laws, thereafter look only to the Company for any payment which
such Holder may be entitled to collect, and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease. 
 ARTICLE 10 
 AMENDMENTS 
 Section 10.01. Supplemental Indentures Without Consent of Holders. Without the consent of any Holders, each of the Company and Parent, when authorized by a Board Resolution, and the Trustee, at any time
and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (i) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants, agreements and obligations of the Company herein and in the Notes; 
 (ii) to evidence the succession of another Person to Parent and the assumption by any such successor of the covenants, agreements and
obligations of Parent herein and in the Notes and the Parent Guarantee; 
 (iii) to add to the covenants of the Company and
Parent for the benefit of the Holders, or to surrender any right or power herein conferred upon the Company; 
 (iv) to add
any additional Events of Default for the benefit of the Holders; 
 (v) to add, change or eliminate any provision of this
Indenture applying to one or more series of Notes; provided that the Company deems such action necessary or advisable and that such action does not adversely affect the interests of any Holder of any series of Notes; 
 (vi) to evidence and provide for a successor Trustee with respect to the Notes or to add to or change any provision to the extent
necessary to appoint a separate Trustee for a specific series of Notes; 
 (vii) to cure any ambiguity or defect, to correct
or supplement any provision herein which may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture which shall not be inconsistent with the provisions of
this Indenture, provided that such action pursuant to this clause (iv) shall not adversely affect the rights of the Holders of any series of Notes; 
  

 52 

 (viii) to supplement any provision of this Indenture to such extent as shall be necessary
to permit or facilitate the defeasance or discharge of the Notes; provided that such change or modification does not adversely affect the interests of the Holders of the Notes; 
 (ix) add, change or eliminate any provision of this Indenture in accordance with the Trust Indenture Act; provided that such action
does not adversely affect the interests of any Holder of Notes; 
 (x) to convey, transfer, assign, mortgage or pledge to the
Trustee as collateral security for the Notes any property or assets; 
 (xi) provide for the issuance of additional notes of
any series ranking equally with the Notes if such series (other than the payment of interest accruing prior to the issue date of such further notes or except for the first payment of interest following the issue date of such further notes); or

 (xii) make any change in the Parent Guarantee that would not adversely affect the Holders. 
 Section 10.02. Supplemental Indentures with Consent of Holders. With the written consent of the Holders of at least a majority in aggregate
Principal Amount of each series of Outstanding Notes under this Indenture so affected, by Act of said Holders delivered to the Company and the Trustee, each of the Company and Parent, when authorized by a Board Resolution, and the Trustee may enter
into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders under this
Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Note affected thereby, 
 (i) reduce the rate of or change the time for payment of interest on any Note; 
 (ii) reduce the Principal Amount of, or change the Stated Maturity of, any Note; 
 (iii) reduce the redemption price, premium of or repurchase price of any Note or amend or modify in any manner adverse to the Holders of
Notes the Company’s obligation to make such payments, whether through an amendment or waiver of provisions in the covenants, definitions or otherwise; 
  

 53 

 (iv) make any Note payable in money other than that stated in the Note or other than in
accordance with the provisions of this Indenture; 
 (v) reduce the quorum or voting requirements under this Indenture;

 (vi) impair the right of any Holder to receive payment of the Principal Amount of, premium (if any) on or interest on a
Holder’s Notes on or after the due dates therefor, including waiving any Default with respect to the payment of principal, premium or interest thereon, or to institute suit for the enforcement of any payment on or with respect to such
Holder’s Notes; 
 (vii) change the ranking of the Notes in a manner adverse to the Holders of the Notes; 
 (viii) make any change in the amendment provisions which require each Holder’s consent or in the waiver provisions; 
 (ix) reduce the percentage in Principal Amount of the Outstanding Notes of any series, the consent of whose Holders is required for any
such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) or consent provided for in this Indenture;

 (x) impair the right of any Holder to institute suit for the enforcement of any payment on the Notes; or 
 (xi) modify any of the provisions of this Section 10.02 or Section 6.12, except to increase any such percentage or to provide
that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Note affected thereby. 
 It shall not be necessary for any Act of Holders under this Section 10.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act approves the substance
thereof. 
 Section 10.03. Execution of Supplemental Indentures. In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article 10 or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.01) 
  

 54 

 shall be fully protected in relying upon, in addition to the documents required by Section 1.02, an Opinion of
Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. Subject to the preceding sentence, the Trustee shall sign such supplemental indenture if the same does not adversely affect the
Trustee’s own rights, duties or immunities under this Indenture or otherwise. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture that adversely affects the Trustee’s own rights, duties or immunities
under this Indenture or otherwise. 
 Section 10.04. Effect of Supplemental Indentures. Upon the execution of any supplemental
indenture under this Article 10, 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 of Notes theretofore or thereafter authenticated and
delivered hereunder shall be bound thereby. 
 Section 10.05. Conformity with Trust Indenture Act. Every supplemental indenture
executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 
 Section 10.06. Reference in Notes
to Supplemental Indentures. Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article 10 shall bear a notation in form approved by the Trustee as to any matter provided for in such supplemental
indenture. If the Company shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the
Trustee in exchange for Outstanding Notes. 
 ARTICLE 11 
 PARENT GUARANTEE 
 Section 11.01. Parent Guarantee. Parent hereby
unconditionally and irrevocably guarantees to each Holder and to the Trustee and its successors and assigns: 
 (a) the full and punctual
payment of principal of, premium (if any) on and interest on the Notes when the same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise, and all other
monetary obligations of the Company under this Indenture and the Notes; and 
  

 55 

 (b) the full and punctual performance within applicable grace periods of all other obligations of the
Company under this Indenture and the Notes (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). 
 Parent further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from Parent and that Parent will remain bound under this Article 11 notwithstanding any extension or
renewal of any Guaranteed Obligation. 
 Parent waives presentation to, demand of, payment from and protest to the Company of any of the
Guaranteed Obligations and also waives notice of protest for nonpayment. Parent waives notice of any default under the Notes or the Guaranteed Obligations. The obligations of Parent hereunder shall not be affected by: 
 (i) the failure of any Holder or the Trustee to assert any claim or demand or to enforce any right or remedy against the Company or any
other Person under this Indenture, the Notes or any other agreement or otherwise; 
 (ii) any extension or renewal of any
thereof; 
 (iii) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the
Notes or any other agreement; 
 (iv) the release of any security held by any Holder or the Trustee for the obligations of any
of them; 
 (v) the failure of any Holder or the Trustee to exercise any right or remedy against any other guarantor of the
Guaranteed Obligations; or 
 (vi) except as set forth in Section 11.05, any change in the ownership of Parent.

 Parent further agrees that the Parent Guarantee herein constitutes a guarantee of payment, performance and compliance when due (and not a
guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee to any security held for payment of the Guaranteed Obligations. 
 Except as expressly set forth in Sections 9.02 and 11.05, the obligations of Parent hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, 
  

 56 

 counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the
Guaranteed Obligations, the Indenture, the Notes or otherwise. Without limiting the generality of the foregoing, the obligations of Parent herein shall not be discharged or impaired or otherwise affected by the failure of any Holder or the Trustee
to assert any claim or demand or to enforce any remedy under this Indenture, the Notes or any other agreement, by any waiver or modification of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the
obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of Parent or would otherwise operate as a discharge of Parent as a matter of law or equity.

 Parent further agrees that the Parent Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time
payment, or any part thereof, of principal of or premium (if any) on or interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the bankruptcy or reorganization of the Company or otherwise.

 In furtherance of the foregoing and not in limitation of any other right which any Holder or the Trustee has at law or in equity against
Parent by virtue hereof, upon the failure of the Company to pay the principal of or premium (if any) on or interest on any Guaranteed Obligation when or to perform or comply with any other Guaranteed Obligation, Parent hereby promises to and shall,
upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Holders or the Trustee an amount equal to the sum of (1) the unpaid amount of such Guaranteed Obligations, (2) accrued and unpaid interest
on such Guaranteed Obligations (but only to the extent not prohibited by law) and (3) all other monetary Guaranteed Obligations of the Company to the Holders and the Trustee. 
 Parent further agrees that, as between it, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the Guaranteed
Obligations Guaranteed hereby may be accelerated as provided in Article 6 for the purposes of the Parent Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed
Obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in Article 6, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable
by Parent for the purposes of this Section. 
 Parent also agrees 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. 
  

 57 

 Section 11.02. Successors and Assigns. This Article 11 shall be binding upon Parent and its
successors and assigns and shall enure 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 assignee, all subject to the terms and conditions of this Indenture. 
 Section 11.03. No Waiver. Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right, power or
privilege under this Article 11 shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and the
Holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article 11 at law, in equity, by statute or otherwise. 
 Section 11.04. Modification. No modification, amendment or waiver of any provision of this Article 11, nor the consent to any departure by
Parent 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 Parent in any case shall entitle Parent to any other or further notice or demand in the same, similar or other circumstances. 
 Section 11.05. Release of Parent Guarantor and Termination of Parent Guarantee. If Parent and the Company merge with each other or consolidate together in a transaction permitted by Sections 4.01 and 4.02, then the Parent
Guarantee shall automatically be terminated upon the consummation of such merger or consolidation and shall no longer have any effect from such time without any further action required on the part of the Trustee or any Holder. At the request of the
Company, the Trustee shall execute and deliver an appropriate instrument evidencing such termination. 
  

 58 

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

			
	SEAGATE TECHNOLOGY HDD HOLDINGS
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SEAGATE TECHNOLOGY
		
	By:	 	  

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

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]