Document:

Indenture dated as of March 18, 2005 Re: Senior Secured Notes

 Exhibit 10.1 

  
 EXIDE TECHNOLOGIES 
 as issuer, 
  
 and 
  
 ANY GUARANTORS PARTY HERETO, 
 as Guarantors 
  
 SUNTRUST BANK, 
 as Trustee 
  

  
 INDENTURE 
  

  
 Dated as of March 18, 2005 
  

  
 10  1/2% Senior Secured Notes due 2013 
  

  
 CROSS-REFERENCE TABLE

  

			
	 Trust Indenture Act
          Section

	  	 Indenture
  Section

	 310(a)(1)
	  	7.10
	       (a)(2)
	  	7.10
	       (a)(3)
	  	N.A.
	       (a)(4)
	  	N.A.
	       (a)(5)
	  	7.08; 7.10
	       (b)
	  	7.08; 7.10
	       (c)
	  	N.A.
	 311(a)
	  	7.11
	       (b)
	  	7.11
	       (c)
	  	N.A.
	 312(a)
	  	2.05
	       (b)
	  	13.03
	       (c)
	  	13.03
	 313(a)
	  	7.06
	       (b)(1)
	  	7.06
	       (b)(2)
	  	7.06
	       (c)
	  	7.06; 13.02
	       (d)
	  	7.06
	 314(a)
	  	4.05; 4.15; 11.02
	       (b)
	  	N.A.
	       (c)(1)
	  	7.02; 11.05; 11.06; 13.04; 13.05
	       (c)(2)
	  	7.02; 13.04; 13.05
	       (c)(3)
	  	N.A.
	       (d)
	  	11.05; 11.06; 12.02
	       (e)
	  	13.05
	       (f)
	  	N.A.
	 315(a)
	  	7.01(b); 7.02(a)
	       (b)
	  	7.05; 11.02
	       (c)
	  	7.01
	       (d)
	  	6.05; 7.01(c)
	       (e)
	  	6.11
	 316(a)(last sentence)
	  	2.09
	       (a)(1)(A)
	  	6.05
	       (a)(1)(B)
	  	6.04
	       (a)(2)
	  	9.02
	       (b)
	  	6.07
	       (c)
	  	9.04
	 317(a)(1)
	  	6.08
	       (a)(2)
	  	6.09
	       (b)
	  	2.04
	 318(a)
	  	13.01
	       (c)
	  	13.01

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

  
 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page

	ARTICLE ONE	  	 
		
	DEFINITIONS AND INCORPORATION BY REFERENCE	  	 
			
	 SECTION 1.01.
	  	 Definitions
	  	1
	 SECTION 1.02.
	  	 Other Definitions
	  	31
	 SECTION 1.03.
	  	 Incorporation by Reference of Trust Indenture Act
	  	32
	 SECTION 1.04.
	  	 Rules of Construction
	  	33
		
	ARTICLE TWO	  	 
		
	THE NOTES	  	 
			
	 SECTION 2.01.
	  	 Form and Dating
	  	33
	 SECTION 2.02.
	  	 Execution, Authentication and Denomination; Additional Notes; Exchange Notes
	  	34
	 SECTION 2.03.
	  	 Registrar and Paying Agent
	  	35
	 SECTION 2.04.
	  	 Paying Agent To Hold Assets in Trust
	  	36
	 SECTION 2.05.
	  	 Holder Lists
	  	36
	 SECTION 2.06.
	  	 Transfer and Exchange
	  	37
	 SECTION 2.07.
	  	 Replacement Notes
	  	37
	 SECTION 2.08.
	  	 Outstanding Notes
	  	38
	 SECTION 2.09.
	  	 Treasury Notes
	  	38
	 SECTION 2.10.
	  	 Temporary Notes
	  	38
	 SECTION 2.11.
	  	 Cancellation
	  	38
	 SECTION 2.12.
	  	 Defaulted Interest
	  	39
	 SECTION 2.13.
	  	 CUSIP and ISIN Numbers
	  	39
	 SECTION 2.14.
	  	 Deposit of Moneys
	  	39
	 SECTION 2.15.
	  	 Book-Entry Provisions for Global Notes
	  	39
	 SECTION 2.16.
	  	 Special Transfer and Exchange Provisions
	  	41
		
	ARTICLE THREE	  	 
		
	REDEMPTION	  	 
			
	 SECTION 3.01.
	  	 Notices to Trustee
	  	44
	 SECTION 3.02.
	  	 Selection of Notes To Be Redeemed
	  	44
	 SECTION 3.03.
	  	 Notice of Redemption
	  	45
	 SECTION 3.04.
	  	 Effect of Notice of Redemption
	  	45
	 SECTION 3.05.
	  	 Deposit of Redemption Price
	  	46
	 SECTION 3.06.
	  	 Notes Redeemed in Part
	  	46

  

 -i- 

					
	ARTICLE FOUR	  	 
		
	COVENANTS	  	 
			
	 SECTION 4.01.
	  	 Payment of Notes
	  	46
	 SECTION 4.02.
	  	 Maintenance of Office or Agency
	  	47
	 SECTION 4.03.
	  	 Corporate Existence
	  	47
	 SECTION 4.04.
	  	 Payment of Taxes
	  	47
	 SECTION 4.05.
	  	 Compliance Certificate; Notice of Default
	  	48
	 SECTION 4.06.
	  	 Waiver of Stay, Extension or Usury Laws
	  	48
	 SECTION 4.07.
	  	 Change of Control
	  	48
	 SECTION 4.08.
	  	 Limitations on Incurrence of Additional Indebtedness
	  	50
	 SECTION 4.09.
	  	 Limitations on Restricted Payments
	  	51
	 SECTION 4.10.
	  	 Limitation on Preferred Stock of Restricted Subsidiaries
	  	55
	 SECTION 4.11.
	  	 Limitations on Asset Sales
	  	55
	 SECTION 4.12.
	  	 Limitations on Transactions with Affiliates
	  	58
	 SECTION 4.13.
	  	 Limitations on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
	  	59
	 SECTION 4.14.
	  	 Limitation on Guarantees by Restricted Subsidiaries
	  	61
	 SECTION 4.15.
	  	 Additional Subsidiary Guarantees
	  	61
	 SECTION 4.16.
	  	 Limitation on Liens
	  	61
	 SECTION 4.17.
	  	 Impairment of Security Interest
	  	62
	 SECTION 4.18.
	  	 Conduct of Business
	  	62
	 SECTION 4.19.
	  	 Payments for Consent
	  	62
	 SECTION 4.20.
	  	 Reports to Holders
	  	62
	 SECTION 4.21.
	  	 Post Closing Action Related to Collateral
	  	63
		
	ARTICLE FIVE	  	 
		
	SUCCESSOR CORPORATION	  	 
			
	 SECTION 5.01.
	  	 Merger, Consolidation and Sale of Assets
	  	65
	 SECTION 5.02.
	  	 Successor Corporation Substituted
	  	68
		
	ARTICLE SIX	  	 
		
	DEFAULT AND REMEDIES	  	 
			
	 SECTION 6.01.
	  	 Events of Default
	  	68
	 SECTION 6.02.
	  	 Acceleration
	  	70
	 SECTION 6.03.
	  	 Other Remedies
	  	71
	 SECTION 6.04.
	  	 Waiver of Past Defaults
	  	71
	 SECTION 6.05.
	  	 Control by Majority
	  	71
	 SECTION 6.06.
	  	 Limitation on Suits
	  	72
	 SECTION 6.07.
	  	 Rights of Holders To Receive Payment
	  	72
	 SECTION 6.08.
	  	 Collection Suit by Trustee
	  	72
	 SECTION 6.09.
	  	 Trustee May File Proofs of Claim
	  	73

  

 -ii- 

					
	 SECTION 6.10.
	  	 Priorities
	  	73
	 SECTION 6.11.
	  	 Undertaking for Costs
	  	74
	 SECTION 6.12.
	  	 Appointment and Authorization of Trustee as Collateral Agent
	  	74
		
	ARTICLE SEVEN	  	 
		
	TRUSTEE	  	 
			
	 SECTION 7.01.
	  	 Duties of Trustee
	  	74
	 SECTION 7.02.
	  	 Rights of Trustee Under this Indenture and the Security Documents
	  	76
	 SECTION 7.03.
	  	 Individual Rights of Trustee
	  	77
	 SECTION 7.04.
	  	 Trustee’s Disclaimer
	  	77
	 SECTION 7.05.
	  	 Notice of Default
	  	78
	 SECTION 7.06.
	  	 Reports by Trustee to Holders
	  	78
	 SECTION 7.07.
	  	 Compensation and Indemnity
	  	78
	 SECTION 7.08.
	  	 Replacement of Trustee
	  	79
	 SECTION 7.09.
	  	 Successor Trustee by Merger, Etc.
	  	80
	 SECTION 7.10.
	  	 Eligibility; Disqualification
	  	80
	 SECTION 7.11.
	  	 Preferential Collection of Claims Against the Company
	  	81
	 SECTION 7.12.
	  	 Co-trustees, Separate Trustee, Collateral Agent
	  	81
		
	ARTICLE EIGHT	  	 
		
	DISCHARGE OF INDENTURE; DEFEASANCE	  	 
			
	 SECTION 8.01.
	  	 Termination of the Company’s Obligations
	  	82
	 SECTION 8.02.
	  	 Legal Defeasance and Covenant Defeasance
	  	83
	 SECTION 8.03.
	  	 Conditions to Legal Defeasance or Covenant Defeasance
	  	85
	 SECTION 8.04.
	  	 Application of Trust Money
	  	86
	 SECTION 8.05.
	  	 Repayment to the Company
	  	87
	 SECTION 8.06.
	  	 Reinstatement
	  	87
		
	ARTICLE NINE	  	 
		
	AMENDMENTS, SUPPLEMENTS AND WAIVERS	  	 
			
	 SECTION 9.01.
	  	 Without Consent of Holders
	  	87
	 SECTION 9.02.
	  	 With Consent of Holders
	  	88
	 SECTION 9.03.
	  	 Compliance with the Trust Indenture Act
	  	90
	 SECTION 9.04.
	  	 Revocation and Effect of Consents
	  	90
	 SECTION 9.05.
	  	 Notation on or Exchange of Notes
	  	90
	 SECTION 9.06.
	  	 Trustee To Sign Amendments, Etc.
	  	91

  

 -iii- 

					
	ARTICLE TEN	  	 
		
	GUARANTEE	  	 
			
	 SECTION 10.01.
	  	 Guarantee
	  	91
	 SECTION 10.02.
	  	 Limitation on Guarantor Liability
	  	92
	 SECTION 10.03.
	  	 Execution and Delivery of Guarantee
	  	92
	 SECTION 10.04.
	  	 Release of Guarantees
	  	93
		
	ARTICLE ELEVEN	  	 
		
	COLLATERAL AND SECURITY DOCUMENTS	  	 
			
	 SECTION 11.01.
	  	 Security Documents; Additional Collateral
	  	93
	 SECTION 11.02.
	  	 Recording, Etc.
	  	94
	 SECTION 11.03.
	  	 Release of Collateral
	  	96
	 SECTION 11.04.
	  	 Release of Liens
	  	97
	 SECTION 11.05.
	  	 Trust Indenture Act Requirements
	  	97
	 SECTION 11.06.
	  	 Suits To Protect the Collateral
	  	98
	 SECTION 11.07.
	  	 Purchaser Protected
	  	98
	 SECTION 11.08.
	  	 Powers Exercisable by Receiver or Trustee
	  	98
	 SECTION 11.09.
	  	 Determinations Relating to Collateral
	  	98
	 SECTION 11.10.
	  	 Release upon Termination of the Company’s Obligations
	  	99
	 SECTION 11.11.
	  	 Limitation on Duty of Trustee in Respect of Collateral
	  	99
		
	ARTICLE TWELVE	  	 
		
	TRUST MONIES	  	 
			
	 SECTION 12.01.
	  	 Trust Monies
	  	100
	 SECTION 12.02.
	  	 Investment of Trust Monies
	  	100
	 SECTION 12.03.
	  	 Return of Trust Monies
	  	100
		
	ARTICLE THIRTEEN	  	 
		
	MISCELLANEOUS	  	 
			
	 SECTION 13.01.
	  	 Trust Indenture Act Controls
	  	101
	 SECTION 13.02.
	  	 Notices
	  	101
	 SECTION 13.03.
	  	 Communications by Holders with Other Holders
	  	102
	 SECTION 13.04.
	  	 Certificate and Opinion as to Conditions Precedent
	  	102
	 SECTION 13.05.
	  	 Statements Required in Certificate or Opinion
	  	102
	 SECTION 13.06.
	  	 Rules by Paying Agent or Registrar
	  	103
	 SECTION 13.07.
	  	 Legal Holidays
	  	103
	 SECTION 13.08.
	  	 Governing Law
	  	103
	 SECTION 13.09.
	  	 No Adverse Interpretation of Other Agreements
	  	103
	 SECTION 13.10.
	  	 No Recourse Against Others
	  	103

  

 -iv- 

					
	 SECTION 13.11.
	  	 Successors
	  	104
	 SECTION 13.12.
	  	 Duplicate Originals
	  	104
	 SECTION 13.13.
	  	 Severability
	  	104
	 SECTION 13.14.
	  	 Intercreditor Agreement
	  	104
		
	 Signatures
	  	S-1

  

					
	 Exhibit A
	  	-	    	Form of Note
	 Exhibit B
	  	-	    	Form of Legends
	 Exhibit C
	  	-	    	Form of Certificate To Be Delivered in Connection with Transfers to Non-QIB Accredited Investors
	 Exhibit D
	  	-	    	Form of Certificate To Be Delivered in Connection with Transfers Pursuant to Regulation S
	 Exhibit E
	  	-	    	Form of Notation of Subsidiary Guarantee
	 Exhibit F
	  	-	    	Form of Intercreditor Agreement
	 Exhibit G
	  	-	    	Form of Security Agreement
	 Exhibit H
	  	-	    	Form of Pledge Agreement

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

 -v- 

  
 INDENTURE dated as of March
18, 2005 between Exide Technologies, a Delaware corporation (the “Company”), and SunTrust Bank, a banking corporation organized and existing under the laws of the State of Georgia, as Trustee (the “Trustee”).

  
 The Company has duly authorized the creation of an issue of 10
 1/2% Senior Secured Notes due 2013 and, to provide therefor, the Company has duly authorized the execution and
delivery of this Indenture. All things necessary to make the Notes, when duly issued and executed by the Company and authenticated and delivered hereunder, the valid and binding obligations of the Company and to make this Indenture a valid and
binding agreement of the Company have been done. 
  
 THIS
INDENTURE WITNESSETH 
  
 For and in consideration of the
premises and the purchase of the Notes by the Holders thereof, the parties hereto covenant and agree, for the equal and proportionate benefit of all Holders, as follows: 
  
 ARTICLE ONE 
  
 DEFINITIONS AND INCORPORATION BY REFERENCE 
  

	SECTION 1.01. 	Definitions. 

  
 Set forth below are certain defined terms used in this Indenture. 
  

“Acquired Indebtedness” means Indebtedness of a Person or any of its Subsidiaries existing at the time such Person becomes a
Restricted Subsidiary of the Company or at the time it merges or consolidates with or into the Company or any of its Restricted Subsidiaries or assumed in connection with the acquisition of assets from such Person and in each case not incurred by
such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Company or such acquisition, merger or consolidation. 
  
 “Additional Interest” has the meaning set forth in the Registration Rights Agreement. 
  
 “Affiliate” means, with respect to any specified Person, any
other Person who directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such specified Person. The term “control” means the possession, directly or indirectly, of
the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have
meanings correlative of the foregoing. Notwithstanding the foregoing, no Person (other than the Company or any Subsidiary of the Company) in whom a Receivables Entity makes an Investment in connection with a Qualified Receivables Transaction shall
be deemed to be an Affiliate of the Company or any of its Subsidiaries solely by reason of such Investment. 
  
 “Agent” means any Registrar or Paying Agent. 
  

 “amend” means to amend, supplement, restate, amend and restate or otherwise modify,
including successively; and “amendment” shall have a correlative meaning. 
  
 “Applicable Premium” means, with respect to a Note at any date of redemption, the greater of (i) 1.0% of the principal amount of such Note and (ii) the excess of (A) the present value at such date of
redemption of (1) the redemption price of such Note at March 15, 2009 (such redemption price being described under Section 5 of the Notes) plus (2) all remaining required interest payments due on such Note through March 15, 2009 (excluding accrued
but unpaid interest to the date of redemption), computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (B) the principal amount of such Note. 
  
 “Asset Acquisition” means (1) an Investment by the Company or any Restricted Subsidiary of the Company in
any other Person pursuant to which such Person shall become a Restricted Subsidiary of the Company or any Restricted Subsidiary of the Company, or shall be merged with or into the Company or any Restricted Subsidiary of the Company, or (2) the
acquisition by the Company or any Restricted Subsidiary of the Company of the assets of any Person (other than a Restricted Subsidiary of the Company) which constitute all or substantially all of the assets of such Person or comprise any division or
line of business of such Person or any other properties or assets of such Person other than in the ordinary course of business. 
  
 “Asset Sale” means any direct or indirect sale, issuance, conveyance, transfer, lease (other than operating leases entered into in the
ordinary course of business), assignment or other transfer for value by the Company or any of its Restricted Subsidiaries (including any Sale and Leaseback Transaction) to any Person other than the Company or a Restricted Subsidiary of the Company
of: (1) any Capital Stock of any Restricted Subsidiary of the Company; or (2) any other property or assets of the Company or any Restricted Subsidiary of the Company (other than director qualifying shares or shares required by applicable law to be
held by a Person other than the Company or Restricted Subsidiary) to a Person other than the Company or a Restricted Subsidiary or the minority stockholders of a Restricted Subsidiary on a pro rata basis other than in the ordinary course of
business; provided, however, that asset sales or other dispositions shall not include: (a) a transaction or series of related transactions for which the Company or its Restricted Subsidiaries receive aggregate consideration of less
than $5.0 million; (b) the sale, lease, conveyance, disposition or other transfer of all or substantially all of the assets of the Company as permitted under Section 5.01; (c) any Restricted Payment permitted by the Section 4.09 or that constitutes
a Permitted Investment; (d) the sale or discount, in each case without recourse, of accounts receivable arising in the ordinary course of business; (e) disposals or replacements of obsolete or worn out equipment; (f) the creation of or realization
on any Lien permitted under this Indenture; (g) the sale or lease of products, services or accounts receivable in the ordinary course of business; (h) sales or grants of licenses or sublicenses to use the patents, trade secrets, knowhow and other
intellectual property, and licenses, leases or subleases of other assets, of the Company or any Restricted Subsidiary to the extent not materially interfering with the business of Company and the Restricted Subsidiaries; (i) foreclosures on assets;
(j) any sale of Capital Stock in, or Indebtedness or other securities of, an Unrestricted Subsidiary; and (k) sales of accounts receivable and related assets or an interest therein of the type specified in the definition of “Qualified
Receivables Transaction” to a Receivables Entity; 
  

 -2- 

 “Bank Lenders” means various lenders from time to time under the Credit Agreement.

  
 “Bankruptcy Law” means Title 11 of the United
States Code, as amended, or any insolvency or other similar federal or state law for the relief of debtors. 
  
 “Board of Directors” means, as to any Person, the board of directors (or similar governing body) of such Person or any duly authorized
committee thereof. 
  
 “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 of such Person and to be in full force and effect on the date of such
certification, and delivered to the Trustee. 
  
 “Business
Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in New York, New York are authorized or required by law to close. 
  
 “Capital Stock” means: 
  
 (1) with respect to any Person that is a corporation, any and all shares, interests, participations or other
equivalents (however designated and whether or not voting) of corporate stock, including each class of Common Stock and Preferred Stock of such Person, and all options, warrants or other rights to purchase or acquire any of the foregoing; and

  
 (2) with respect to any Person that is not a
corporation, any and all partnership, membership or other equity interests of such Person, and all options, warrants or other rights to purchase or acquire any of the foregoing. 
  
 “Capitalized Lease Obligation” means, as to any Person, the obligations of such Person under a lease that
are required to be classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the capitalized amount of such obligations at such date, determined in
accordance with GAAP. 
  
 “Cash Equivalents”
means: 
  
 (1) marketable direct obligations
issued by, or unconditionally guaranteed by, the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition thereof;

  
 (2) marketable direct obligations issued by
any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof, maturing within one year from the date of acquisition thereof and, at the time of acquisition, having one of the two
highest ratings obtainable from either Standard & Poor’s Ratings Group (“S&P”) or Moody’s Investors Service, Inc. (“Moody’s”); 
  

 -3- 

 (3) commercial paper maturing no more than one year from the date of creation thereof
and, at the time of acquisition, having a rating of at least A-2 from S&P or at least P-2 from Moody’s; 
  
 (4) in the case of any Foreign Subsidiary, such local currencies held by it from time to time in the ordinary course of business;

  
 (5) demand or time deposit accounts used in
the ordinary course of business with overseas branches of commercial banks incorporated under the laws of the United States of America, any state thereof, the District of Columbia, Canada or any province or territory thereof, provided that such
commercial bank has, at the time of the Company’s or any Restricted Subsidiary’s Investment therein, (1) capital, surplus and undivided profits (as of the date of such institution’s most recently published financial statements) in
excess of $100 million and (2) the long-term unsecured debt obligations (other than such obligations rated on the basis of the credit or a Person other than such institution) of such institution, at the time of the Company’s or any Restricted
Subsidiary’s Investment therein, are rated in the highest rating category of both Moody’s and S&P; 
  
 (6) obligations (including, but not limited to demand or time deposits, bankers’ acceptances and certificates of deposit) issued or
guaranteed by a depository institution or trust company incorporated under the laws of the United States of America, any state thereof, the District of Columbia, Canada or any province or territory thereof, provided that (A) such instrument has a
final maturity not more than one year from the date of purchase thereof by the Company or any Restricted Subsidiary of the Company and (B) such depository institution or trust company has at the time of the Company’s or such Restricted
Subsidiary’s Investment therein or contractual commitment providing for such Investment, (x) capital, surplus and undivided profits (as of the date of such institution’s most recently published financial statements) in excess of $100
million and (y) the long-term unsecured debt obligations (other than such obligations rated on the basis of the credit of a Person other than such institution) of such institution, at the time of the Company’s or such Restricted
Subsidiary’s Investment therein or contractual commitment providing for such Investment, are rated in the highest rating category of both S&P and Moody’s; 
  
 (7) in the case of any Foreign Subsidiary, demand or time deposit accounts used in the ordinary course of
business with reputable commercial banks located in the jurisdiction of organization of such Foreign Subsidiary; 
  
 (8) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clause (1) above
entered into with any bank meeting the qualifications specified in clause (7) above; 
  
 (9) investments in money market funds which invest substantially all their assets in securities of the types described in clauses (1)
through (8) above; and 
  
 (10) in the case of
any Restricted Subsidiary organized or having its principal place of business outside the United States, investments denominated in the currency of 

  

 -4- 

 
the jurisdiction in which such Restricted Subsidiary is organized or has its principal place of business which are similar to the items specified in the
clauses above. 
  
 “Change of Control” means the
occurrence of one or more of the following events: 
  
 (1) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company to any Person or group of related Persons for purposes of Section 13(d) of the
Exchange Act (a “Group”), together with any Affiliates thereof (whether or not otherwise in compliance with the provisions of this Indenture); 
  

(2) the approval by the holders of Capital Stock of the Company of any plan or proposal for the liquidation or dissolution of the
Company (whether or not otherwise in compliance with the provisions of this Indenture); 
  
 (3) any Person or Group shall become the owner, directly or indirectly, beneficially or of record, of shares representing more than 50% of
the aggregate ordinary voting power represented by the issued and outstanding Capital Stock of the Company; or 
  
 (4) the replacement of a majority of the Board of Directors of the Company over a two-year period from the directors who constituted the
Board of Directors of the Company at the beginning of such period, and such replacement shall not have been approved by a vote of at least a majority of the Board of Directors of the Company then still in office who either were members of such Board
of Directors at the beginning of such period or whose election as a member of such Board of Directors was previously so approved; 
  
 A Change of Control will not be deemed to have occurred upon the entering into of any stock purchase agreement, merger agreement or other similar
agreement until the consummation of the transactions contemplated thereby. 
  
 “Code” means the Internal Revenue Code of 1986, as amended. 
  
 “Collateral” means all the existing and future assets (whether real, personal or mixed) of the Company and its Subsidiaries that are from
time to time made subject, or purported to be made subject, to the Lien of the Security Documents, which shall not include, at any time, any assets or property with respect to which a Lien has not been granted in favor of the First Lien Collateral
Agent for the benefit of the First Priority Creditors. 
  
 “Collateral Account” means the collateral account established in accordance with the Security Documents. 
  
 “Commission” means the U.S. Securities and Exchange Commission. 
  
 “Common Stock” of any Person means any and all shares, interests or other participations in, and other
equivalents (however designated and whether voting or non-voting) of, 

  

 -5- 

 
such Person’s common stock, whether outstanding on the Issue Date or issued after the Issue Date, and includes, without limitation, all series and
classes of such common stock. 
  
 “Company” means
Exide Technologies as set forth in the preamble and its successors, assigns and obligors. 
  
 “Consolidated EBITDA” means, with respect to any Person, for any period, the sum (without duplication) of: 
  
 (1) Consolidated Net Income; and 
  
 (2) to the extent Consolidated Net Income has been reduced thereby, 
  
 (a) all income taxes of such Person and its Restricted
Subsidiaries, paid or accrued in accordance with GAAP for such period other than income taxes attributable to extraordinary, unusual or nonrecurring gains or losses or taxes attributable to sales or dispositions outside the ordinary course of
business; 
  
 (b) Consolidated Interest Expense;
and 
  
 (c) Consolidated Non-cash Charges less
any non-cash items increasing Consolidated Net Income for such period, 
  
 all as
determined on a consolidated basis for such Person and its Restricted Subsidiaries in accordance with GAAP. 
  
 “Consolidated Fixed Charge Coverage Ratio” means, with respect to any Person, the ratio of Consolidated EBITDA of such Person during the
four full fiscal quarters (the “Four Quarter Period”) ending prior to the date of the transaction giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio for which internal financial statements are
available (the “Transaction Date”) to Consolidated Fixed Charges of such Person for the Four Quarter Period. In addition to and without limitation of the foregoing, for purposes of this definition, “Consolidated EBITDA”
and “Consolidated Fixed Charges” shall be calculated after giving effect on a pro forma basis for the period of such calculation to: 
  
 (1) the incurrence or repayment of any Indebtedness of such Person or any of its Restricted Subsidiaries (and the application of the
proceeds thereof) giving rise to the need to make such calculation and any incurrence or repayment of other Indebtedness (and the application of the proceeds thereof), other than the incurrence or repayment of Indebtedness in the ordinary course of
business for working capital purposes pursuant to working capital facilities, occurring during the Four Quarter Period or at any time subsequent to the last day of the Four Quarter Period and on or prior to the Transaction Date, as if such
incurrence or repayment, as the case may be (and the application of the proceeds thereof), occurred on the first day of the Four Quarter Period; 
  
 (2) any asset sales or other dispositions or Asset Acquisitions (including, without limitation, any Asset Acquisition giving rise to the
need to make such calculation 

  

 -6- 

 
as a result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a Restricted Subsidiary as a result of the Asset
Acquisition) incurring, assuming or otherwise being liable for Acquired Indebtedness and also including any Consolidated EBITDA (including any pro forma expense and cost reductions calculated on a basis consistent with Regulation S-X under
the Exchange Act) attributable to the assets which are the subject of the Asset Acquisition or asset sale or other disposition during the Four Quarter Period) occurring during the Four Quarter Period or at any time subsequent to the last day of the
Four Quarter Period and on or prior to the Transaction Date, as if such asset sale or other disposition or Asset Acquisition (including the incurrence, assumption or liability for any such Acquired Indebtedness) occurred on the first day of the Four
Quarter Period. If such Person or any of its Restricted Subsidiaries directly or indirectly guarantees Indebtedness of a third Person, the preceding sentence shall give effect to the incurrence of such guaranteed Indebtedness as if such Person or
any Restricted Subsidiary of such Person had directly incurred or otherwise assumed such guaranteed Indebtedness; and 
  
 (3) for any Four Quarter Period that includes any period of time prior to the consummation of the offering, pro forma effect shall
be given for such period to the transaction giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio and the other adjustments that were added to EBITDA to calculate adjusted EBITDA as described in the Offering Memorandum in
Note 10 under “Offering Memorandum Summary—Summary Historical and Pro Forma Consolidated Financial Data,” all as calculated in good faith by a responsible financial or accounting officer of the Company, as if they had occurred on the
first day of such Four Quarter Period. 
  
 Furthermore, in
calculating “Consolidated Fixed Charges” for purposes of determining the denominator (but not the numerator) of this “Consolidated Fixed Charge Coverage Ratio”: 
  
 (1) interest on outstanding Indebtedness determined on a fluctuating basis as of the Transaction Date and
which will continue to be so determined thereafter shall be deemed to have accrued at a fixed rate per annum equal to the rate of interest on such Indebtedness in effect on the Transaction Date; and 
  
 (2) notwithstanding clause (1) above, interest on
Indebtedness determined on a fluctuating basis, to the extent such interest is covered by agreements relating to Interest Swap Obligations, shall be deemed to accrue at the rate per annum resulting after giving effect to the operation of such
agreements. 
  
 “Consolidated Fixed Charges”
means, with respect to any Person for any period, the sum, without duplication, of: 
  
 (1) Consolidated Interest Expense; plus 
  
 (2) the product of (x) the amount of all dividend payments on any series of Preferred Stock of such Person and, to the extent permitted
under this Indenture, its Restricted Subsidiaries (other than dividends paid in Qualified Capital Stock and other than 

  

 -7- 

 
dividends paid by a Restricted Subsidiary of such Person to such Person or to a Restricted Subsidiary of such Person) paid, accrued or scheduled to be paid
or accrued during such period times (y) a fraction, the numerator of which is one and the denominator of which is one minus the then current effective consolidated federal, state and local income tax rate of such Person, expressed as a decimal.

  
 “Consolidated Interest Expense” means, with
respect to any Person for any period, the sum of, without duplication: 
  
 (1) the aggregate of the interest expense of such Person and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, including without limitation: (a) any amortization
of debt discount and amortization or write-off of deferred financing costs; (b) the net costs under Interest Swap Obligations; (c) all capitalized interest; and (d) the interest portion of any deferred payment obligation; and 
  
 (2) the interest component of Capitalized Lease Obligations
paid, accrued and/or scheduled to be paid or accrued by such Person and its Restricted Subsidiaries during such period as determined on a consolidated basis in accordance with GAAP. 
  
 Consolidated Interest Expense shall be calculated excluding unrealized gains and losses with respect to Hedging Obligations. 
  
 “Consolidated Net Income” means, with respect to any Person,
for any period, the aggregate net income (or loss) of such Person and its Restricted Subsidiaries for such period on a consolidated basis, determined in accordance with GAAP and prior to preferred stock dividends; provided that there shall be
excluded therefrom 
  
 (1) after-tax gains from
Asset Sales (without regard to the $5.0 million limitation set forth in the definition thereof) or abandonments or reserves relating thereto; 
  
 (2) any extraordinary, unusual or nonrecurring gain (or loss), together with any related provision for taxes on any such extraordinary,
unusual or nonrecurring gain (or the tax effect of any such extraordinary, unusual or nonrecurring loss), realized by the Company or any Restricted Subsidiary during such period, including, without limitation, costs and expenses incurred in
connection with the Company’s reorganization under Chapter 11, restructuring activities (including, without limitation, severance cost and facility closures) or non-recurring cost and expenses incurred in connection with a Qualified Equity
Offering, Permitted Investment, acquisition, recapitalization or permitted incurrence of Indebtedness); 
  
 (3) for purposes of determining Consolidated Net Income for purposes of Section 4.09, except to the extent includable in the consolidated
net income of the Company pursuant to clause (5), the net income or net loss of any Person accrued prior to the date it becomes a Restricted Subsidiary of the referent Person or is merged or consolidated with the referent Person or any Restricted
Subsidiary of the referent Person; 
  

 -8- 

 (4) the net income (but not loss) of any Restricted Subsidiary of the referent Person to
the extent that the declaration of dividends or similar distributions by that Restricted Subsidiary of that income is restricted by a contract, operation of law or otherwise (except to the extent of the amount of dividends or distributions that have
been paid to the Company or one or more Restricted Subsidiaries were not subject to any such restrictions during the relevant period); 
  
 (5) the net income of any Person, other than a Restricted Subsidiary of the referent Person, except to the extent of cash dividends or
distributions paid to the referent Person or to a Restricted Subsidiary of the referent Person by such Person; 
  
 (6) the Company’s equity in net loss of any Person that is not a Restricted Subsidiary, except to the extent such net loss has been
funded with cash from the Company or a Restricted Subsidiary; provided that such net loss shall not be included to the extent such net loss has already been included for purposes of Section 4.09 in the amount of Restricted Payments made under clause
(iii) thereof or under clause (9) thereof or under clause (14) of the definition of Permitted Investments; 
  
 (7) income or loss attributable to discontinued operations (including, without limitation, operations disposed of during such period
whether or not such operations were classified as discontinued); 
  
 (8) for purposes of determining Consolidated Net Income for purposes of Section 4.09, in the case of a successor to the referent Person by consolidation or merger or as a transferee of the referent Person’s
assets, any net income or net loss of the successor corporation prior to such consolidation, merger or transfer of assets; 
  
 (9) the cumulative effect of a change in accounting principles; 
  
 (10) any unrealized Statements of Financial Accounting Standards No. 133 gain or loss in respect of Hedging
Obligations; 
  
 (11) any non-cash gains, losses
or charges attributable to the early extinguishment of Indebtedness; 
  
 (12) any non-cash goodwill impairment charges resulting from the application of Statement of Financial Accounting Standards No. 142; and 
  
 (13) any non-cash compensation charge or expense, including any such charge or expense arising from grants
of stock options or restricted stock or other equity-incentive programs for the benefit of officers, directors and employees of the Company or any Restricted Subsidiary of the Company. 
  
 “Consolidated Non-cash Charges” means, with respect to any Person, for any period, the aggregate
depreciation, amortization and other non-cash expenses or charges of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person and its Restricted Subsidiaries for such period, determined on a consolidated basis in
accordance with 

  

 -9- 

 
GAAP (excluding any such charge which represents an accrual of or a reserve for cash charges for any future period). 
  
 “Consolidated Senior Leverage Ratio” means, with respect to
any Person, the ratio of total non-Subordinated Indebtedness of such Person and its Restricted Subsidiaries as of the Transaction Date to the Consolidated EBITDA of such Person for the Four Quarter Period ending prior to the Transaction Date for
which internal financial statements are available. In addition to and without limitation of the foregoing, for purposes of this definition, total non-Subordinated Indebtedness and “Consolidated EBITDA” shall be calculated after giving
effect on a pro forma basis for the period of such calculation to: 
  
 (1) the incurrence or repayment of any non-Subordinated Indebtedness of such Person or any of its Restricted Subsidiaries (and the application of the proceeds thereof) giving rise to the need to make such calculation
and any incurrence or repayment of other non-Subordinated Indebtedness (and the application of the proceeds thereof), other than the incurrence or repayment of non-Subordinated Indebtedness in the ordinary course of business for working capital
purposes pursuant to working capital facilities, occurring during the Four Quarter Period or at any time subsequent to the last day of the Four Quarter Period and on or prior to the Transaction Date, as if such incurrence or repayment, as the case
may be (and the application of the proceeds thereof), occurred on the first day of the Four Quarter Period; 
  
 (2) any asset sales or other dispositions or Asset Acquisitions (including, without limitation, any Asset Acquisition giving rise to the
need to make such calculation as a result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a Restricted Subsidiary as a result of the Asset Acquisition) incurring, assuming or otherwise being liable for Acquired
Indebtedness and also including any Consolidated EBITDA (including any pro forma expense and cost reductions calculated on a basis consistent with Regulation S-X under the Exchange Act) attributable to the assets which are the subject of the
Asset Acquisition or asset sale or other disposition during the Four Quarter Period) occurring during the Four Quarter Period or at any time subsequent to the last day of the Four Quarter Period and on or prior to the Transaction Date, as if such
asset sale or other disposition or Asset Acquisition (including the incurrence, assumption or liability for any such Acquired Indebtedness) occurred on the first day of the Four Quarter Period. If such Person or any of its Restricted Subsidiaries
directly or indirectly guarantees Indebtedness of a third Person, the preceding sentence shall give effect to the incurrence of such guaranteed Indebtedness as if such Person or any Restricted Subsidiary of such Person had directly incurred or
otherwise assumed such guaranteed Indebtedness; and 
  
 (3) for any Four Quarter Period that includes any period of time prior to the consummation of the offering, pro forma effect shall be given for such period to the transaction giving rise to the need to calculate the Consolidated Senior
Leverage Ratio and the other adjustments that were added to EBITDA to calculate adjusted EBITDA as described in the Offering Memorandum in Note 10 under “Offering Memorandum Summary—Summary Historical and Pro Forma Consolidated Financial
Data,” all as calculated 

  

 -10- 

 
in good faith by a responsible financial or accounting officer of the Company, as if they had occurred on the first day of such Four Quarter Period.

  
 “Corporate Trust Office” means the corporate
trust office of the Trustee located at 919 East Main Street, Richmond, Virginia 23219, Attention: Corporate Trust Department, Mail Code HDQ 5310, or such other office, designated by the Trustee by written notice to the Company, at which at any
particular time its corporate trust business shall be administered. 
  
 “Credit Agreement” means the Credit Agreement dated as of May 5, 2004, by and among the Company, one or more of its subsidiaries, the lenders party thereto in their capacities as lenders thereunder and Deutsche Bank AG New
York Branch, as administrative agent, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and
restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements, indentures or similar agreements extending the maturity of, refinancing, replacing or otherwise restructuring
(including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any
successor or replacement agreement or agreements and whether by the same or any other agent, lender or group of lenders or investors. 
  
 “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
  
 “Default” means an event or condition the occurrence of
which is, or with the lapse of time or the giving of notice or both would be, an Event of Default. 
  
 “Depository” means The Depository Trust Company, its nominees and its respective successors. 
  
 “Designated Noncash Consideration” means the fair market
value of noncash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Noncash Consideration pursuant to an Officers’ Certificate setting forth the basis
of such valuation, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of such Designated Noncash Consideration. 
  
 “Destruction” means any damage to, loss or destruction of all or any portion of the Collateral. 
  
 “Discharge of First Lien Obligations” shall have the meaning
given to such term in the Intercreditor Agreement. 
  
 “Disqualified Capital Stock” means that portion of any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable at the option of the holder thereof), or
upon the happening of any event (other than an event which would constitute a Change of Control), matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the sole option of the holder thereof

  

 -11- 

 
(except, in each case, upon the occurrence of a Change of Control), on or prior to the final maturity date of the Notes. 
  
 “Domestic Restricted Subsidiary” means a Restricted
Subsidiary incorporated or otherwise organized or existing under the laws of the United States, any state thereof or any territory of the United States. 
  
 “Domestic Subsidiary” means a Subsidiary of the Company which is not a Foreign Subsidiary. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, or any successor statute or statutes thereto. 
  
 “Exchange Notes” has the meaning set forth in the Registration Rights Agreement. 
  
 “Exchange Offer” means the offer that may be made by the Company pursuant to the Registration Rights Agreement to exchange Notes bearing
the Private Placement Legend for the Exchange Notes. 
  
 “Excluded Contribution” means the Net Cash Proceeds received by the Company or its Restricted Subsidiaries from: 
  
 (1) contributions to its equity capital; and 
  
 (2) the sale (other than to a Subsidiary or to any management equity plan or stock option plan or any other management or employee benefit
plan or agreement of the Company or any Subsidiary) of Qualified Capital Stock, in each case designated within 60 days of receipt of such Net Cash Proceeds as Excluded Contributions pursuant to an Officers’ Certificate, the cash proceeds of
which are excluded from clauses (iii)(v) and (w) of Section 4.09. 
  
 “fair market value” means, with respect to any asset or property, the price which could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer,
neither of whom is under undue pressure or compulsion to complete the transaction. Fair market value shall be determined by (i) the principal financial officer of the Company for transactions less than $10.0 million and (ii) the Board of Directors
of the Company acting reasonably and in good faith for transactions in excess of $10.0 million and shall be evidenced by a Board Resolution of the Board of Directors of the Company delivered to the Trustee. 
  
 “First Lien Obligations” shall have the meaning provided in
the Intercreditor Agreement. 
  
 “First Priority
Collateral Agent” means Deutsche Bank AG New York Branch, in its capacity as collateral agent for the benefit of the First Priority Creditors and any successors thereto. 
  

 -12- 

 “First Priority Creditors” means the holders of Indebtedness under the Credit Agreement
and any other secured Indebtedness which was incurred in accordance with this Indenture and secured by a first priority Lien on the Collateral in accordance with Section 4.16. 
  
 “Foreign Subsidiary” means a Subsidiary of the Company which is not incorporated or otherwise organized or
existing under the laws of the United States, any state thereof or any territory or possession of the United States. 
  
 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of
the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant segment of the accounting
profession of the United States, which are in effect as of the Issue Date. 
  
 “Guarantee” means a guarantee of the Notes by a Guarantor. 
  
 “Guarantor” means each of the Company’s Restricted Subsidiaries that in the future executes a supplemental indenture in which such
Restricted Subsidiary agrees to be bound by the terms of this Indenture as a Guarantor; provided that any Person constituting a Guarantor as described above shall cease to constitute a Guarantor when its respective Guarantee is released in
accordance with the terms of this Indenture. 
  
 “Hedging
Obligations” of any Person means the obligations of such Person under swap, cap, collar, forward purchase or similar agreements or arrangements dealing with interest rates, currency exchange rates or commodity prices, either generally or
under specific contingencies. 
  
 “Holder” means
any registered holder, from time to time, of the Notes. 
  
 “Indebtedness” means with respect to any Person, without duplication, 
  
 (1) all Obligations of such Person for borrowed money; 
  
 (2) all Obligations of such Person evidenced by bonds, debentures, notes or other similar instruments;

  
 (3) all Capitalized Lease Obligations of such
Person; 
  
 (4) all Obligations of such Person
issued or assumed as the deferred purchase price of property, all conditional sale obligations and all Obligations under any title retention agreement (but excluding trade accounts payable and other accrued liabilities arising in the ordinary course
of business); 
  
 (5) all Obligations for the
reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction; 
  
 (6) guarantees and other contingent obligations in respect of Indebtedness referred to in clauses (1) through (5) above and clause (8)
below; 
  

 -13- 

 (7) all Obligations of any other Person of the type referred to in clauses (1) through
(6) which are secured by any lien on any property or asset of such Person, the amount of such Obligation being deemed to be the lesser of the fair market value of such property or asset or the amount of the Obligation so secured; 
  
 (8) all net amounts owing under any currency agreements and
interest swap agreements of such Person; and 
  
 (9) all Disqualified Capital Stock issued by such Person with the amount of Indebtedness represented by such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and its maximum fixed
repurchase price, but excluding accrued dividends, if any. 
  
 For
purposes hereof, the “maximum fixed repurchase price” of any Disqualified Capital Stock which does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Capital Stock as if such
Disqualified Capital Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Indenture, and if such price is based upon, or measured by, the fair market value of such Disqualified Capital Stock,
such fair market value shall be determined reasonably and in good faith by the Board of Directors of the Company of such Disqualified Capital Stock. 
  
 “Indenture” means this Indenture, as amended or supplemented from time to time in accordance with the terms hereof. 
  
 “Independent Financial Advisor” means a firm (1) which does
not, and whose directors, officers and employees or Affiliates do not, have a direct or indirect financial interest in the Company; and (2) which, in the judgment of the Board of Directors of the Company, is otherwise independent and qualified to
perform the task for which it is to be engaged. 
  
 “Initial Purchasers” means Deutsche Bank Securities Inc., Credit Suisse First Boston LLC, Banc of America Securities LLC and UBS Securities LLC. 
  
 “Institutional Accredited Investor” or “IAI” means an “accredited investor”
within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 
  
 “Intercreditor Agreement” means the Intercreditor Agreement, dated as of the Issue Date, by and among the Company, the Guarantors party thereto from time to time, the Trustee and the First Priority
Collateral Agent, substantially in the form attached hereto as Exhibit F, as amended from time to time. 
  
 “interest” means, with respect to the Notes, interest and Additional Interest, if any, on the Notes. 
  
 “Interest Payment Date” means the State Maturity of an
installment of interest on the Notes. 
  

 -14- 

 “Investment” means, with respect to any Person, any direct or indirect loan or other
extension of credit (including, without limitation, a guarantee) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or
acquisition by such Person of any Capital Stock, bonds, notes, debentures or other securities or evidences of Indebtedness issued by, any other Person. “Investment” shall exclude extensions of trade credit by the Company and its Restricted
Subsidiaries on commercially reasonable terms in accordance with normal trade practices of the Company or such Restricted Subsidiary, as the case may be. If the Company or any Restricted Subsidiary of the Company sells or otherwise disposes of any
Common Stock of any direct or indirect Restricted Subsidiary of the Company such that, after giving effect to any such sale or disposition, the Company no longer owns, directly or indirectly, greater than 50% of the outstanding Common Stock of such
Restricted Subsidiary, the Company shall be deemed to have made an Investment on the date of any such sale or disposition equal to the fair market value of the Common Stock of such Restricted Subsidiary not sold or disposed of. 
  
 “Issue Date” means March 18, 2005, the date of original
issuance of the Notes. 
  
 “Legal Requirements”
means, at any time, any and all judicial and administrative rulings and decisions, and any and all federal, state and local laws, ordinances, rules, regulations, permits and certificates of any Authority, in each case applicable, at such time to the
Company or the Collateral (or the ownership or use thereof). 
  
 “Lien” means any lien, mortgage, deed of trust, pledge, 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). 
  
 “Minimum
Rating” means a rating of not less than Ba3 (or equivalent successor rating) by Moody’s and not less than BB- (or equivalent successor rating) by S&P. 
  
 “Moody’s” means Moody’s Investors Service, Inc., and its successors. 
  
 “Mortgage” means each mortgage, deed of trust or deed to
secure debt (in each case as amended, amended and restated, supplemented, replaced and/or otherwise modified from time to time) in each case in form and substance reasonably satisfactory to the Trustee and containing the same substantive terms as
each mortgage, deed of trust or deed to secure debt granted to the First Priority Collateral Agent, required to be delivered with respect to each real property required to be mortgaged pursuant to this Indenture and the Security Documents.

  
 “Mortgaged Property” means the real
properties listed on Annex A hereto and each other real property with respect to which the Trustee is granted a Lien pursuant to a Mortgage executed and delivered pursuant to the provisions of Section 11.01. 
  
 “Net Cash Proceeds” means, with respect to any Asset Sale,
the proceeds in the form of cash or Cash Equivalents including payments in respect of deferred payment obligations when received in the form of cash or Cash Equivalents (other than the portion of any such deferred payment constituting interest)
received by the Company or any of its Restricted Subsidiaries from such Asset Sale net of: 
  
 (1) reasonable out-of-pocket expenses and fees relating to such Asset Sale (including, without limitation, legal, accounting and
investment banking fees and sales commissions); 
  

 -15- 

 (2) taxes paid or payable after taking into account any reduction in consolidated tax
liability due to available tax credits or deductions and any tax sharing arrangements; 
  
 (3) repayment of Indebtedness that is secured by the property or assets that are the subject of such Asset Sale; and 
  
 (4) appropriate amounts to be provided by the Company or any
Restricted Subsidiary, as the case may be, as a reserve, in accordance with GAAP, against any liabilities associated with such Asset Sale and retained by the Company or any Restricted Subsidiary, as the case may be, after such Asset Sale, including,
without limitation, pension and other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations associated with such Asset Sale. 
  
 “Non-U.S. Person” has the meaning assigned to such term in
Regulation S. 
  
 “Note Lien” means any Lien on
the Collateral in favor of the Trustee for the benefit of the Notes Secured Creditors securing the Obligations of the Company and its Subsidiaries under or in respect of this Indenture, the Notes, the Guarantees, if any, and the Security Documents.

  
 “Notes” means, collectively, the
Company’s 10  1/2% Senior Secured Notes due 2013 issued in accordance with Section 2.02 (whether issued on
the Issue Date, issued as Additional Notes, issued as Exchange Notes or Private Exchange Notes, or otherwise issued after the Issue Date) treated as a single class of securities under this Indenture, as amended or supplemented from time to time in
accordance with the terms of this Indenture. 
  
 “Notes Secured Creditors” means, collectively, the Trustee and the Holders. 
  
 “Obligations” means all obligations for principal, premium, interest, penalties, fees, indemnifications, reimbursements, damages and
other liabilities payable under the documentation governing any Indebtedness. 
  
 “Offering Memorandum” means, the Offering Memorandum of the Company dated as of March 15, 2005 with respect to the Notes. 
  
 “Officer” means any of the following of the Company: the Chairman of the Board of Directors, the Chief
Executive Officer, the Chief Financial Officer, the President, any Vice President, the Treasurer or the Secretary. 
  
 “Officers’ Certificate” means a certificate signed by two Officers. 
  

 -16- 

 “Opinion of Counsel” means a written opinion from legal counsel who is reasonably
acceptable to the Trustee. The counsel may be an employee of, or counsel to, the Company, a Subsidiary Guarantor or the Trustee. 
  
 “Pari Passu Indebtedness” means any Indebtedness of the Company or any Guarantor that ranks pari passu in right of payment with
the Notes or the Guarantee of such Guarantor, as applicable. 
  
 “PBGC Liens” means any Liens granted to the Pension Benefit Guaranty Corporation to secure the Company’s minimum funding requirements under its U.S. pension plans for calendar years 2003 and 2004; provided that
those Liens cannot secure minimum funding requirements in excess of $50.0 million and provided further that as the funding obligation for calendar years 2003 and 2004 is decreased below $50.0 million, the value of the Lien is permanently
reduced on a dollar for dollar basis by the diminution in the minimum funding obligation for such calendar years. 
  
 “Permitted Business” means the businesses engaged in by the Company and its Subsidiaries on the Issue Date as described in this offering
memorandum and businesses that are the same, similar, ancillary, reasonably related thereto or reasonable extensions thereof. 
  
 “Permitted Exceptions” means those Liens permitted pursuant to such term in the Credit Agreement. 
  
 “Permitted Indebtedness” means, without duplication, each of
the following: 
  
 (1) Indebtedness under the
Notes issued on the Issue Date and the Exchange Notes and, if any, the Guarantees with respect thereto; 
  
 (2) Indebtedness incurred pursuant to the Credit Agreement in an aggregate principal amount at any time outstanding not to exceed the
greater of (x) $400.0 million or (y) 2.75 times the Consolidated EBITDA of the Company for the Four Quarter Period ending prior to the Transaction Date but in no event to exceed $470.0 million ($550.0 million if the Ratings Condition has been
satisfied on the Transaction Date) plus (in the case of any Refinancing) the aggregate amount of fees, underwriting discounts, premiums, prepayment penalties and other costs and expenses incurred in connection with the Refinancing, less
(i) the aggregate amount of Net Cash Proceeds applied to repayments under the Credit Agreement in accordance with Section 4.11 to the extent a permanent repayment and/or commitment reduction is required thereunder as a result of such application
and (ii) the aggregate principal amount of Indebtedness incurred under clause (13) of this paragraph then outstanding; 
  
 (3) other Indebtedness of the Company and its Restricted Subsidiaries outstanding on the Issue Date (other than Indebtedness represented
by Capitalized Lease Obligations and Purchase Money Indebtedness); 
  
 (4) Indebtedness consisting of Hedging Obligations; 
  

 -17- 

 (5) Indebtedness of a Restricted Subsidiary of the Company to the Company or to a
Restricted Subsidiary of the Company for so long as such Indebtedness is held by the Company or a Restricted Subsidiary of the Company or the holder of a Lien permitted under this Indenture, in each case subject to no Lien held by a Person other
than the Company or a Restricted Subsidiary of the Company or the holder of a Lien permitted under this Indenture; provided that if as of any date any Person other than the Company or a Restricted Subsidiary of the Company or the holder of a
Lien permitted under this Indenture owns or holds any such Indebtedness or holds a Lien in respect of such Indebtedness, such date shall be deemed the incurrence of Indebtedness not constituting Permitted Indebtedness under this clause (5) by the
Company of such Indebtedness; 
  
 (6)
Indebtedness of the Company to a Restricted Subsidiary of the Company for so long as such Indebtedness is held by a Restricted Subsidiary of the Company or the holder of a Lien permitted under this Indenture, in each case subject to no Lien other
than a Lien permitted under this Indenture; provided that (a) any Indebtedness of the Company to any Restricted Subsidiary of the Company that is not a Guarantor is unsecured and subordinated, pursuant to a written agreement, to the
Company’s obligations under this Indenture and the Notes and (b) if as of any date any Person other than a Restricted Subsidiary of the Company or the holder of a Lien permitted under this Indenture owns or holds any such Indebtedness or any
Person holds a Lien in respect of such Indebtedness, such date shall be deemed the incurrence of Indebtedness not constituting Permitted Indebtedness under this clause (6) by the Company; 
  
 (7) (a) Indebtedness arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such
Indebtedness is extinguished within five Business Days of incurrence and (b) Indebtedness arising in connection with endorsement of instruments for deposit in the ordinary course of business; 
  
 (8) Indebtedness of the Company or any of its Restricted
Subsidiaries in respect of performance bonds, bankers’ acceptances, workers’ compensation claims, surety or appeal bonds, payment obligations in connection with self-insurance or similar obligations, and bank overdrafts (and letters of
credit in respect thereof) in the ordinary course of business; 
  
 (9) Indebtedness represented by Capitalized Lease Obligations and Purchase Money Indebtedness of the Company and its Restricted Subsidiaries incurred in the ordinary course of business not to exceed at any one time
outstanding the greater of (i) $50.0 million and (ii) 2.5% of Total Assets; 
  
 (10) Refinancing Indebtedness; 
  
 (11) Indebtedness represented by guarantees by the Company or its Restricted Subsidiaries of Indebtedness otherwise permitted to be incurred under this Indenture; 
  

 -18- 

 (12) Indebtedness of the Company or any Restricted Subsidiary consisting of guarantees,
indemnities, earn-outs or obligations in respect of purchase price adjustments in connection with the acquisition or disposition of assets or Capital Stock of a Restricted Subsidiary; 
  
 (13) Indebtedness incurred by a Receivables Entity in a Qualified Receivables Transaction that is not
recourse to the Company or any other Restricted Subsidiary (except for Standard Securitization Undertakings); provided, however, that, after giving effect to any such incurrence, the aggregate principal amount of all Indebtedness
incurred under this clause (13) and then outstanding does not exceed the greater of (i) $400.0 million or (y) 2.75 times the Consolidated EBITDA of the Company for the Four Quarter Period ending prior to the Transaction Date but in no event to
exceed $470.0 million ($550.0 million if the Ratings Condition has been satisfied on the Transaction Date) less (x) the aggregate principal amount of Indebtedness incurred under clause (2) of this paragraph which is then outstanding and the Net Cash
Proceeds applied to repayments under the Credit Agreement in accordance with Section 4.11 to the extent a permanent repayment and/or commitment reduction is required thereunder as a result of such application; 
  
 (14) Indebtedness of the Company and the Guarantors, if any,
in aggregate principal amount not to exceed $25.0 million at any one time outstanding; and 
  
 (15) Indebtedness of non-Guarantor Restricted Subsidiaries in aggregate principal amount not to exceed $30.0 million at any one time
outstanding. 
  
 For purposes of determining compliance with
Section 4.08, in the event that an item of Indebtedness meets the criteria of more than one of the categories of Permitted Indebtedness described in clauses (1) through (15) above or is entitled to be incurred pursuant to the Consolidated Fixed
Charge Coverage Ratio provisions of such covenant, the Company shall, in its sole discretion, classify (or later reclassify) such item of Indebtedness in any manner that complies with such covenant; provided that all Indebtedness outstanding
under the Credit Agreement as of the Issue Date shall be deemed to have been incurred pursuant to clause (2). Accrual of interest, accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of
additional Indebtedness with the same terms, and the payment of dividends on Disqualified Capital Stock in the form of additional shares of the same class of Disqualified Capital Stock will not be deemed to be an incurrence of Indebtedness or an
issuance of Disqualified Capital Stock for purposes of Section 4.08. In addition, for purposes of determining any particular amount of Indebtedness under this covenant, guarantees, Liens or letter of credit obligations supporting Indebtedness
otherwise included in the determination of such particular amount shall not be included so long as incurred by a Person that could have incurred such Indebtedness. 
  
 Notwithstanding any other provision of Section 4.08, the maximum amount of Indebtedness that the Company or any Restricted
Subsidiary may incur pursuant to Section 4.08 shall not be deemed to be exceeded due solely to the result of fluctuations in the exchange rates of currencies. 
  

 -19- 

 “Permitted Investments” means 
  
 (1) Investments by the Company or any Restricted Subsidiary
of the Company in any Person that is or will become immediately after such Investment a Restricted Subsidiary of the Company or that will merge or consolidate into the Company or a Restricted Subsidiary of the Company; 
  
 (2) Investments in the Company by any Restricted Subsidiary
of the Company; provided that any Indebtedness evidencing such Investment and held by a Restricted Subsidiary that is not a Guarantor is unsecured and subordinated, pursuant to a written agreement, to the Company’s obligations under the
Notes and this Indenture; 
  
 (3) investments in
cash and Cash Equivalents; 
  
 (4) loans and
advances to employees, directors and officers of the Company and its Restricted Subsidiaries in the ordinary course of business for bona fide business purposes not in excess of $2.0 million at any one time outstanding; 
  
 (5) Hedging Obligations entered into in the ordinary course
of the Company’s or its Restricted Subsidiaries’ businesses and otherwise in compliance with this Indenture; 
  
 (6) Investments in securities of trade creditors or customers received pursuant to any plan of reorganization or similar arrangement upon
the bankruptcy, insolvency, reorganization, workout or recapitalization of such trade creditors or customers or in good faith settlement of delinquent obligations of such trade creditors or customers; 
  
 (7) Investments made by the Company or its Restricted
Subsidiaries as a result of consideration received in connection with an Asset Sale made in compliance with Section 4.11; 
  
 (8) Investments represented by guarantees that are otherwise permitted under this Indenture; 
  
 (9) Investments the payment for which is Qualified Capital
Stock of the Company; 
  
 (10) lease, utility and
other similar deposits in the ordinary course of business; 
  
 (11) Investments existing on the date of this Indenture; 
  
 (12) Investments resulting from the acquisition of a Person that at the time of such acquisition held instruments constituting Investments
that were not acquired in contemplation of the acquisition of such Person; and 
  
 (13) Investments by the Company or a Restricted Subsidiary in a Receivables Entity or any Investment by a Receivables Entity in any other
Person, in each case, in connection with a Qualified Receivables Transaction; 
  

 -20- 

 (14) other Investments in an aggregate amount not to exceed $50.0 million at any one time
outstanding (with each Investment being valued as of the date made and without regard to subsequent changes in value); provided, however, that if an Investment pursuant to this clause (14) is made in any Person that is not a Restricted
Subsidiary of the Company at the date of the making of the Investment and such Person becomes a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1), above, and shall cease to
have been made pursuant to this clause (14). 
  
 The amount of
Investments outstanding at any time pursuant to clause (14) above shall be deemed to be reduced: 
  
 (a) upon the disposition or repayment of or return on any Investment made pursuant to clause (14) above, by an amount equal to the return
of capital with respect to such Investment to the Company or any Restricted Subsidiary (to the extent not included in the computation of Consolidated Net Income); and 
  
 (b) upon a redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary, by an amount equal to the
aggregate amount of Investments in such Subsidiary that increased (and did not previously decrease) the amount of Investments outstanding pursuant to clause (14) above. 
  
 “Permitted Liens” means the following types of Liens: 
  
 (1) Liens existing as of the Issue Date to the extent and in
the manner such Liens are in effect on the Issue Date; 
  
 (2) Liens securing Obligations under the Credit Agreement incurred pursuant to clause (2) of the definition of “Permitted Indebtedness”; 
  
 (3) Liens securing the Notes and the Exchange Notes and the Guarantees, if any; 
  
 (4) Liens in favor of the Company or a Restricted Subsidiary
of the Company on assets of any Restricted Subsidiary of the Company; 
  
 (5) Liens securing Refinancing Indebtedness which is incurred to Refinance any Indebtedness which has been secured by a Lien permitted under this Indenture and which has been incurred in accordance with the provisions
of this Indenture; provided, however, that such Liens: (i) are not materially less favorable to the Holders on the whole than the Liens in respect of the Indebtedness being Refinanced; and (ii) do not extend to or cover any property or
assets of the Company or any of its Restricted Subsidiaries not securing the Indebtedness so Refinanced; 
  
 (6) Liens for taxes, assessments or governmental charges or claims either (a) not delinquent or (b) contested in good faith by appropriate
proceedings and as to which 

  

 -21- 

 
the Company or any of its Restricted Subsidiaries shall have set aside on its books such reserves as may be required pursuant to GAAP; 
  
 (7) statutory Liens of landlords and Liens of carriers,
warehousemen, mechanics, suppliers, materialmen, repairmen and other Liens imposed by law incurred in the ordinary course of business for sums not yet delinquent or being contested in good faith, if such reserve or other appropriate provision, if
any, as shall be required by GAAP shall have been made in respect thereof; 
  
 (8) Liens incurred or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security, including any Lien securing letters of
credit issued in the ordinary course of business consistent with past practice in connection therewith, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government contracts, performance and
return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money); 
  
 (9) judgment Liens not giving rise to an Event of Default so long as such Lien is adequately bonded and any appropriate legal proceedings
which may have been duly initiated for the review of such judgment shall not have been finally terminated or the period within which such proceedings may be initiated shall not have expired; 
  
 (10) any interest or title of a lessor under any Capitalized
Lease Obligation; provided that such Liens do not extend to any property or assets which are not leased property subject to such Capitalized Lease Obligation; 
  
 (11) Liens securing Purchase Money Indebtedness incurred in accordance with this Indenture;
provided, however, that (a) such Purchase Money Indebtedness shall not exceed the purchase price or other cost of such property, equipment or improvement and shall not be secured by any property or equipment of the Company or any
Restricted Subsidiary of the Company other than the property and equipment so acquired, constructed or improved and (b) the Lien securing such Purchase Money Indebtedness shall be created within 90 days of such acquisition, construction or
improvement; 
  
 (12) Liens upon specific items
of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory
or other goods; 
  
 (13) Liens encumbering
deposits made to secure obligations arising from statutory, regulatory, contractual or warranty requirements of the Company or any of its Restricted Subsidiaries, including rights of offset and setoff; 
  
 (14) Liens securing Hedging Obligations; and 
  

 -22- 

 (15) Liens securing Acquired Indebtedness incurred in accordance with Section 4.08;
provided that 
  
 (a) such Liens secured
such Acquired Indebtedness at the time of and prior to the incurrence of such Acquired Indebtedness by the Company or a Restricted Subsidiary of the Company and were not granted in connection with, or in anticipation of, the incurrence of such
Acquired Indebtedness by the Company or a Restricted Subsidiary of the Company; and 
  
 (b) such Liens do not extend to or cover any property or assets of the Company or of any of its Restricted Subsidiaries other than the
property or assets that secured the Acquired Indebtedness prior to the time such Indebtedness became Acquired Indebtedness of the Company or a Restricted Subsidiary of the Company and are no more favorable to the lienholders than those securing the
Acquired Indebtedness prior to the incurrence of such Acquired Indebtedness by the Company or a Restricted Subsidiary of the Company; 
  
 (16) leases, subleases, licenses and sublicenses granted to others that do not materially interfere with the ordinary course of business
of the Company and its Restricted Subsidiaries; 
  
 (17) Liens on assets transferred to a Receivables Entity or on assets of a Receivables Entity, in either case incurred in connection with a Qualified Receivables Transaction; 
  
 (18) the PBGC Liens; 
  
 (19) Liens securing Indebtedness incurred (i) pursuant to clause (15) of the definition “Permitted
Indebtedness” and (ii) by any Restricted Subsidiary that is not a Guarantor, which Indebtedness is permitted to be incurred pursuant to the Fixed Charge Coverage Ratio Provision in Section 4.08; 
  
 (20) Liens arising from Uniform Commercial Code financing
statement filings regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business; 
  
 (21) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with
the importation of goods; 
  
 (22) Liens arising
out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business; 
  
 (23) Liens securing Indebtedness in an amount which,
together with the aggregate outstanding amount of all other Indebtedness secured by Liens incurred pursuant to this clause (23), does not exceed $10.0 million; and 
  
 (24) Liens created by the Security Documents. 
  

 -23- 

 “Person” means an individual, partnership, corporation, unincorporated organization,
trust or joint venture, or a governmental agency or political subdivision thereof. 
  
 “Pledge Agreement” means the Pledge Agreement, to be entered into on the Issue Date, by and among the Company, certain Domestic Subsidiaries of the Company, the Guarantors, if any, party thereto from
time to time and the Trustee, securing the obligations of the Company and the Guarantors, if any, under the Notes, and substantially in the form attached hereto as Exhibit H, as amended from time to time as permitted by this Indenture.

  
 “Preferred Stock” of any Person means any
Capital Stock of such Person that has preferential rights to any other Capital Stock of such Person with respect to dividends or redemptions or upon liquidation. 
  
 “Prior Lien Agreements” means the Credit Agreement, and each other agreement under which Indebtedness or
any other obligation of the Company or any Restricted Subsidiary is secured by Liens on all or a portion of the Collateral, which Liens are senior in priority to the Liens securing the Notes and the Guarantees and which Liens are incurred in
accordance with the terms of this Indenture. 
  
 “principal” means, with respect to the Notes, the principal of and premium, if any, on the Notes. 
  
 “Private Exchange” has the meaning given to it in the Registration Rights Agreement. 
  
 “Private Exchange Notes” has the meaning given to it in the
Registration Rights Agreement. 
  
 “Private Placement
Legend” means the legends initially set forth on the Notes in the form set forth in Exhibit B. 
  
 “Purchase Money Indebtedness” means Indebtedness of the Company and its Restricted Subsidiaries incurred in the normal course of business
for the purpose of financing all or any part of the purchase price, or the cost of design, installation, construction or improvement, of property or equipment (whether through the direct acquisition of assets or the acquisition of Capital Stock of
any Person). 
  
 “Purchase Money Note” means a
promissory note of a Receivables Entity evidencing the deferred purchase price of Receivables (and related assets) and/or a line of credit, which may be irrevocable, from the Company or any Restricted Security in connection with a Qualified
Receivables Transaction with a Receivables Entity, which deferred purchase price or line is repayable from cash available to the Receivables Entity, other than amounts required to be established as reserves pursuant to agreements, amounts paid to
investors in respect of interest, principal and other amounts owing to such investors and amounts paid in connection with the purchase of newly generated Receivables. 
  

 -24- 

 “Qualified Capital Stock” means any Capital Stock that is not Disqualified Capital
Stock. 
  
 “Qualified Equity Offering” means the
issuance or sale of Qualified Capital Stock of the Company (other than an issuance or sale to a Subsidiary of the Company). 
  
 “Qualified Institutional Buyer” or “QIB” shall have the meaning specified in Rule 144A under the Securities Act.

  
 “Qualified Receivables Transaction” means any
transaction or series of transactions that may be entered into by the Company or any of its Restricted Subsidiaries pursuant to which the Company or any of its Restricted Subsidiaries may sell, convey or otherwise transfer to (1) a Receivables
Entity (in the case of a transfer by the Company or any of its Restricted Subsidiaries) and (2) any other Person (in the case of a transfer by a Receivables Entity), or may grant a security interest in, any Receivables (whether now existing or
arising in the future) of the Company or any of its Restricted Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such Receivables, all contracts and all guarantees or other obligations in respect of
such Receivables, the proceeds of such Receivables and other assets which are customarily transferred, or in respect of which security interests are customarily granted, in connection with asset securitization involving Receivables. 
  
 “Ratings Condition” means that at any time after the
issuance of the Notes, the Notes have a rating of at least Ba2 by Moody’s and at least BB by S&P. 
  
 “Real Estate” means all real property owned or leased by the Company or any Subsidiary of the Company, together with all fixtures,
improvements and other structures thereon and appurtenances thereto. 
  
 “Receivable” means a right to receive payment arising from a sale or lease of goods or the performance of services by a Person pursuant to an arrangement with another Person pursuant to which such other Person is obligated
to pay for goods or services under terms that permit the purchase of such goods and services on credit and shall include, in any event, any items of property that would be classified as an “account,” “chattel paper,”
“payment intangible” or “instrument” under the Uniform Commercial Code as in effect in the State of New York and any “supporting obligations” as so defined. 
  
 “Receivables Entity” means a Wholly-Owned Subsidiary (or another Person in which the Company or any
Restricted Subsidiary makes an Investment and to which the Company or any Restricted Subsidiary transfers Receivables and related assets) which engages in no activities other than in connection with the financing of Receivables and which is
designated by the Board of Directors of the Company (as provided below) as a Receivables Entity: 
  
 (1) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which: 
  
 (a) is guaranteed by the Company or any Restricted
Subsidiary (excluding Guarantees of Obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings); 
  

 -25- 

 (b) is recourse to or obligates the Company or any Restricted Subsidiary in any way other
than pursuant to Standard Securitization Undertakings; or 
  
 (c) subjects any property or asset of the Company or any Restricted Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization
Undertakings; 
  
 (2) with which neither the
Company nor any Restricted Subsidiary has any material contract, agreement, arrangement or understanding (except in connection with a Purchase Money Note or Qualified Receivables Transaction) other than on terms no less favorable to the Company or
such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Company, other than fees payable in the ordinary course of business in connection with servicing Receivables; and 
  
 (3) to which neither the Company nor any Restricted
Subsidiary has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. 
  
 Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by filing with the Trustee a
certified copy of the resolution of the Board of Directors of the Company giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing conditions. 
  
 “Record Date” means the applicable Record Date specified in
the Notes; provided, however, that if any such date is not a Business Day, the Record Date shall be the first day immediately succeeding such specified day that is a Business Day. 
  
 “redeem” means to redeem, repurchase, purchase, defease,
retire, discharge or otherwise acquire or retire for value; and “redemption” shall have a correlative meaning; provided, however, that this definition shall not apply for purposes of Section 5 or Section 6(a) or (b) of
the Notes or Article Three. 
  
 “Redemption
Date,” when used with respect to any Note to be redeemed, means the date fixed for such redemption pursuant to this Indenture and the Notes. 
  
 “Redemption Price,” when used with respect to any Note to be redeemed, means the price fixed for such redemption, payable in immediately
available funds, pursuant to this Indenture and the Notes. 
  
 “Refinance” means, in respect of any security or Indebtedness, to refinance, extend, renew, refund, repay, prepay, redeem, defease or retire, or to issue a security or Indebtedness in exchange or replacement for, such
security or Indebtedness in whole or in part. “Refinanced” and “Refinancing” shall have correlative meanings. 
  

 -26- 

 “Refinancing Indebtedness” means any Refinancing by the Company or any Restricted
Subsidiary of the Company of Indebtedness incurred in accordance with Section 4.08 (other than pursuant to clause (2), (4), (5), (6), (7), (8), (9), (11), (12), (13), (14) and (15) of the definition of “Permitted Indebtedness”), in each
case that does not: 
  
 (1) result in an increase
in the aggregate principal amount of Indebtedness of such Person as of the date of such proposed Refinancing (plus the amount of any premium required to be paid under the terms of the instrument governing such Indebtedness and plus the amount of
reasonable expenses incurred by the Company in connection with such Refinancing); or 
  
 (2) create Indebtedness with: (a) with respect to any portion of such Indebtedness with a final maturity earlier than the maturity date of
the Notes, a Weighted Average Life to Maturity that is less than the Weighted Average Life to Maturity of the Indebtedness being Refinanced; or (b) if the stated maturity of the Indebtedness being refinanced has a stated maturity earlier than the
maturity date of the Notes, a final maturity earlier than the final maturity of the Indebtedness being Refinanced; provided that (x) if such Indebtedness being Refinanced is Indebtedness solely of the Company (and is not otherwise guaranteed
by a Restricted Subsidiary of the Company), then such Refinancing Indebtedness shall be Indebtedness solely of the Company and (y) if such Indebtedness being Refinanced is subordinate or junior to the Notes or any Guarantee, then such Refinancing
Indebtedness shall be subordinate to the Notes or such Guarantee, as the case may be, at least to the same extent and in the same manner as the Indebtedness being Refinanced. 
  
 “Registration Rights Agreement” means the Registration Rights Agreement dated as of the Issue Date between
the Company and the Initial Purchasers, as amended, supplemented or modified from time to time, and any similar agreement entered into in connection with the issuance of any Additional Notes. 
  
 “Regulation S” means Regulation S under the Securities Act.

  
 “Responsible Officer” means, when used with
respect to the Trustee, any officer in the Corporate Trust Office of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject and shall also mean any officer
who shall have direct responsibility for the administration of this Indenture. 
  
 “Restricted Investment” means any Investment other than a Permitted Investment. 
  
 “Restricted Security” means a Note that constitutes a “Restricted Security” within the meaning of Rule 144(a)(3) under the
Securities Act; provided, however, that the Trustee shall be entitled to request and conclusively rely on an Opinion of Counsel with respect to whether any Note constitutes a Restricted Security. 
  
 “Restricted Subsidiary” of any Person means any Subsidiary
of such Person which at the time of determination is not an Unrestricted Subsidiary. 
  

 -27- 

 “S&P” means Standard & Poor’s Ratings Services, a division of the
McGraw-Hill Companies, Inc. and its successors. 
  
 “Sale
and Leaseback Transaction” means any direct or indirect arrangement with any Person or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary of any property, whether owned by the Company or
any Restricted Subsidiary at the Issue Date or later acquired, which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person from whom funds have been or are to be advanced by such
Person on the security of such Property. 
  
 “Securities
Act” means the U.S. Securities Act of 1933, as amended, or any successor statute or statutes thereto. 
  
 “Security Agreement” means the Security Agreement, to be entered into on the Issue Date, by and among the Company, certain Domestic
Subsidiaries of the Company, the Guarantors, if any, party thereto from time to time and the Trustee, securing the obligations of the Company and the Guarantors, if any, under the Notes, substantially in the form attached hereto as Exhibit G,
as amended from time to time as permitted by this Indenture. 
  
 “Security Documents” means the Security Agreement, the Pledge Agreement, the Intercreditor Agreement and any other security agreement, Mortgage, financing statement or other document executed in connection herewith to grant
or perfect a security interest of the Trustee for the benefit of the Notes Secured Creditors in any property. 
  
 “Significant Subsidiary,” with respect to any Person, means any Restricted Subsidiary of such Person that satisfies the criteria for a
“significant subsidiary” set forth in Rule 1-02(w) of Regulation S-X under the Exchange Act. 
  
 “Standard Securitization Undertakings” means representations, warranties, covenants and indemnities entered into by the Company or any
Restricted Subsidiary of the Company which are reasonably customary in securitization or Receivables transactions. 
  
 “Stated Maturity” means 
  
 (1) with respect to any debt security, the date specified in such debt security as the fixed date on which the final installment of
principal of such debt security is due and payable; and 
  
 (2) with respect to any scheduled installment of principal of or interest on any debt security, the date specified in such debt security as the fixed date on which such installment is due and payable. 
  
 “Subordinated Indebtedness” means Indebtedness of the
Company or any Guarantor that is subordinated or junior in right of payment to the Notes or the Guarantee of such Guarantor, as the case may be. For purposes of the foregoing, no Indebtedness will be deemed to be subordinated in right of payment to
any other Indebtedness of the Company or any Guarantor solely by virtue of such Indebtedness being unsecured or by virtue of the fact that the holders of 

  

 -28- 

 
such Indebtedness have entered into one or more intercreditor agreements giving one or more of such holders priority over the other holders in the collateral
held by them. 
  
 “Subsidiary” means, with
respect to any Person, any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of Capital Stock is at the time owned or controlled, directly or indirectly, by: 
  
 (1) such Person; 
  
 (2) such Person and one or more Subsidiaries of such Person;
or 
  
 (3) one or more Subsidiaries of such
Person. 
  
 “Taking” means any taking of all or
any portion of the Collateral by condemnation or other eminent domain proceedings, pursuant to any law, general or special, or by reason of the temporary requisition of the use or occupancy of all or any portion of the Collateral by any governmental
authority, civil or military, or any sale pursuant to the exercise by any such governmental authority of any right which it may then have to purchase or designate a purchaser or to order a sale of all or any portion of the Collateral. 
  
 “Total Assets” means, with respect to any Person, the
aggregate of all assets of such Person and its Restricted Subsidiaries as would be shown on the consolidated balance sheet of such Person. 
  
 “Treasury Rate” means, with respect to any redemption date, the yield to maturity at the time of computation of United States Treasury
securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to such redemption date (or, if such Statistical
Release is no longer published, any publicly available source for similar market data)) most nearly equal to the then remaining term of the Notes to March 15, 2009; provided, however, that if the then remaining term of the Notes to
March 15, 2009 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from
the weekly average yields of United States Treasury securities for which such yields are given, except that if the then remaining term of the Notes to March 15, 2009 is less than one year, the weekly average yield on actually traded United States
Treasury securities adjusted to a constant maturity of one year shall be used. 
  
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended. 
  
 “Trust Monies” means all cash and Cash Equivalents deposited in the Collateral Account in accordance with this Indenture and the Security
Documents. 
  
 “Trustee” means the party named as
such in this Indenture until a successor replaces it in accordance with the provisions of this Indenture and thereafter means such successor. 
  

 -29- 

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

The Board of Directors may designate any Subsidiary (including any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless
such Subsidiary owns any Capital Stock of, or owns or holds any Lien on any property of, the Company or any other Subsidiary of the Company that is not a Subsidiary of the Subsidiary to be so designated; provided that: 
  
 (1) the Company certifies to the Trustee that such
designation complies with the Section 4.09; and 
  
 (2) each Subsidiary to be so designated and each of its Subsidiaries has not at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any
Indebtedness pursuant to which the lender has recourse to any of the assets of the Company or any of its Restricted Subsidiaries. 
  
 For purposes of making the determination of whether any such designation of a Subsidiary as an Unrestricted Subsidiary complies with Section 4.09, the
portion of the fair market value of the net assets of such Subsidiary of the Company at the time that such Subsidiary is designated as an Unrestricted Subsidiary that is represented by the interest of the Company and its Restricted Subsidiaries in
such Subsidiary, in each case as determined in good faith by the Board of Directors of the Company, shall be deemed to be an Investment. Such designation will be permitted only if such Investment would be permitted at such time under Section 4.09.

  
 The Board of Directors may designate any Unrestricted
Subsidiary to be a Restricted Subsidiary only if: 
  
 (1) immediately after giving effect to such designation, the Company is able to incur at least $1.00 of additional Indebtedness (other than Permitted Indebtedness) in compliance with Section 4.08; and 
  
 (2) immediately before and immediately after giving effect
to such designation, no Default or Event of Default shall have occurred and be continuing. 
  
 Any such designation by the Board of Directors shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the Board Resolution giving effect to such designation and an Officers’ Certificate
certifying that such designation complied with the foregoing provisions. 
  
 “U.S. Government Obligations” means direct obligations of, obligations guaranteed by, or participations in pools consisting solely of obligations of or obligations guaranteed by, the United States of
America for the payment of which obligations or guarantee the full faith 

  

 -30- 

 
and credit of the United States of America is pledged and that are not callable or redeemable at the option of the Company thereof. 
  
 “U.S. Government Securities” shall mean securities which 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, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a
depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Securities or a specific payment of interest on or principal of any such U.S. Government Securities held by such custodian for the account of
the holder of a depository receipt. 
  
 “U.S. Legal
Tender” means such coin or currency of the United States of America that at the time of payment shall be legal tender for the payment of public and private debts. 
  
 “Voting Stock” means with respect to any Person, Capital Stock of any class or kind ordinarily having the
power to vote for the election of directors, managers or other voting members of the governing body of such Person. 
  
 “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing (a) the
then outstanding aggregate principal amount of such Indebtedness into (b) the sum of the total of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payment of
principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) which will elapse between such date and the making of such payment. 
  
 “Wholly Owned Restricted Subsidiary” of any Person means any
Wholly Owned Subsidiary of such Person which at the time of determination is a Restricted Subsidiary of such Person. 
  
 “Wholly Owned Subsidiary” of any Person means any Subsidiary of such Person of which all the outstanding voting securities (other than in
the case of a foreign Subsidiary, directors’ qualifying shares or an immaterial amount of shares required to be owned by other Persons pursuant to applicable law) are owned by such Person or any Wholly Owned Subsidiary of such Person.

  

	SECTION 1.02. 	Other Definitions. 

  

			
	 Term

	  	Defined in Section

	 “144A Global Note”
	  	2.01
	 “Additional Notes”
	  	2.02
	 “Authentication Order”
	  	2.02
	 “Affiliate Transaction”
	  	4.12
	 “Change of Control Offer”
	  	4.07
	 “Change of Control Payment”
	  	4.07

  

 -31- 

			
	 Term

	  	Defined in Section

	 “Covenant Defeasance”
	  	8.02
	 “Event of Default”
	  	6.01
	 “Excess Proceeds”
	  	4.11
	 “Fixed Charge Coverage Ratio”
	  	4.08
	 “Four Quarter Period”
	  	1.01
	 “Global Note”
	  	2.01
	 “Guaranteed Indebtedness”
	  	4.14
	 “IAI Global Note”
	  	2.01
	 “incur”
	  	4.08
	 “Initial Global Notes”
	  	2.01
	 “Initial Lien”
	  	4.18
	 “Initial Notes”
	  	2.02
	 “Legal Defeasance”
	  	8.02
	 “Mortgage Policies”
	  	4.21
	 “Net Proceeds Offer”
	  	4.11
	 “Net Proceeds Offer Amount”
	  	4.11
	 “Net Proceeds Offer Trigger Date”
	  	4.11
	 “Net Proceeds Payment Date”
	  	4.11
	 “Participants”
	  	2.15
	 “Paying Agent”
	  	2.03
	 “Payment Date”
	  	1.01
	 “Physical Notes”
	  	2.01
	 “Reference Date”
	  	4.09
	 “Reference Period”
	  	1.01
	 “Registrar”
	  	2.03
	 “Regulation S Global Note
	  	2.01
	 “Restricted Payments”
	  	4.09
	 “Surviving Entity”
	  	5.01

  

	SECTION 1.03. 	Incorporation by Reference of Trust Indenture Act. 

  
 Whenever this Indenture refers to a provision of the Trust Indenture Act, such provision is incorporated by reference in, and made a part of, this
Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings: 
  
 “indenture securities” means the Notes. 
  
 “indenture security holder” means a Holder. 
  
 “indenture to be qualified” means this Indenture. 
  
 “indenture trustee” or “institutional trustee” means the Trustee. 
  
 “obligor” on the indenture securities means the Company, any
Guarantor or any other obligor on the Notes. 
  

 -32- 

 All other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act,
defined by Trust Indenture Act reference to another statute or defined by Commission rule and not otherwise defined herein have the meanings assigned to them therein. 
  

	SECTION 1.04. Rules	of Construction. 

  
 Unless the context otherwise requires: 
  
 (1) a term has the meaning assigned to it; 
  
 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 
  
 (3) “or” is not exclusive; 
  
 (4) words in the singular include the plural, and words in
the plural include the singular; 
  
 (5)
provisions apply to successive events and transactions; 
  
 (6) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 
  
 (7) the words “including,” “includes”
and similar words shall be deemed to be followed by “without limitation.” 
  
 ARTICLE TWO 
  
 THE NOTES

  

	SECTION 2.01. 	Form and Dating. 

  
 The Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A hereto. The Notes may have
notations, legends or endorsements required by law, stock exchange rule or usage. The Company shall approve the form of the Notes and any notation, legend or endorsement on them. Each Note shall be dated the date of its issuance and show the date of
its authentication. If applicable, each Note shall have an executed Guarantee from each of the Guarantors, if any, existing on or after the Issue Date endorsed thereon substantially in the form of Exhibit E. 
  
 The terms and provisions contained in the Notes and the Guarantees, if any,
shall constitute, and are hereby expressly 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. 
  
 Notes offered and sold in reliance on Rule 144A shall
be issued initially in the form of a single permanent global Note in registered form, substantially in the form set forth in Exhibit A (the “144A Global Note”), deposited with the Trustee, as custodian for the Depository,

  

 -33- 

 
duly executed by the Company (and having, if applicable, an executed Guarantee from each of the Guarantors, if any, endorsed thereon) and authenticated by
the Trustee as hereinafter provided and shall bear the legends set forth in Exhibit B. 
  
 Notes offered and sold in offshore transactions in reliance on Regulation S shall be issued initially in the form of a single permanent global Note in registered form, substantially in the form of Exhibit A
(the “Regulation S Global Note”), deposited with the Trustee, as custodian for the Depository, duly executed by the Company (and having, if applicable, an executed Guarantee from each of the Guarantors, if any, endorsed thereon) and
authenticated by the Trustee as hereinafter provided and shall bear the legends set forth in Exhibit B. 
  
 The initial offer and resale of the Notes shall not be to an Institutional Accredited Investor. The Notes resold to Institutional Accredited Investors in
connection with the first transfer made pursuant to Section 2.16(a) shall be issued initially in the form of a single permanent Global Note in registered form, substantially in the form set forth in Exhibit A (the “IAI Global
Note,” and, together with the 144A Global Note and the Regulation S Global Note, the “Initial Global Notes”), deposited with the Trustee, as custodian for the Depository, duly executed by the Company (and having, if
applicable, an executed Guarantee from each of the Guarantors, if any, endorsed thereon) and authenticated by the Trustee as hereinafter provided and shall bear the legends set forth in Exhibit B. 
  
 Notes issued after the Issue Date shall be issued initially in the form of
one or more global Notes in registered form, substantially in the form set forth in Exhibit A, deposited with the Trustee, as custodian for the Depository, duly executed by the Company (and having, if applicable, an executed Guarantee from
each of the Guarantors, if any, endorsed thereon) and authenticated by the Trustee as hereinafter provided and shall bear any legends required by applicable law (together with the Initial Global Notes, the “Global Notes”) or as
Physical Notes. 
  
 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 Depository, as hereinafter provided. Notes issued in exchange for interests in a Global Note pursuant to Section 2.16 may
be issued in the form of permanent certificated Notes in registered form in substantially the form set forth in Exhibit A and bearing the applicable legends, if any, (the “Physical Notes”). 
  

	SECTION 2.02. 	Execution, Authentication and Denomination; Additional Notes; Exchange Notes 

  
 One Officer of the Company (who shall have been duly authorized by all requisite corporate actions) shall sign the Notes for
such Company by manual or facsimile signature. One Officer of a Guarantor, if any, (who shall have been duly authorized by all requisite corporate actions) shall sign the Guarantee, if any, for such Guarantor by manual or facsimile signature.

  
 If an Officer whose signature is on a Note or Guarantee, as
the case may be, was an Officer at the time of such execution but no longer holds that office at the time the Trustee authenticates the Note, the Note shall nevertheless be valid. Each Guarantor, if any, shall execute a Guarantee in the manner set
forth in Section 10.7. 
  

 -34- 

 A Note (and the Guarantees, if any, in respect thereof) shall not be valid until an authorized signatory
of the Trustee manually signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 
  
 The Trustee shall authenticate (i) on the Issue Date, Notes for original issue in the aggregate principal amount not to
exceed $290,000,000 (the “Initial Notes”), (ii) additional Notes (the “Additional Notes”) in an amount not to exceed $110,000,000 (so long as not otherwise prohibited by the terms of this Indenture, including
Section 4.08) and (iii) Exchange Notes or Private Exchange Notes (x) in exchange for a like principal amount of Initial Notes or (y) in exchange for a like principal amount of Additional Notes in each case upon a written order of the Company in the
form of a certificate of an Officer of the Company (an “Authentication Order”). Any such written order relating to the issuance of Additional Notes shall state that such Officers have reviewed the outstanding Security Documents and
that any cap on indebtedness provided in such Security Documents shall not be exceeded by the issuance of such Additional Notes. Each such Authentication Order shall specify the amount of Notes to be authenticated and the date on which the Notes are
to be authenticated, whether the Notes are to be Initial Notes, Exchange Notes, Private Exchange Notes or Additional Notes and whether the Notes are to be issued as certificated Notes or Global Notes or such other information as the Trustee may
reasonably request. In addition, with respect to authentication pursuant to clause (ii) or (iii) of the first sentence of this paragraph, the first such Authentication Order from the Company shall be accompanied by an Opinion of Counsel of the
Company in a form reasonably satisfactory to the Trustee. 
  
 All
Notes issued under this Indenture shall be treated as a single class for all purposes under this Indenture. The Additional Notes and the Private Exchange Notes shall bear any legend required by applicable law. 
  
 The Trustee may appoint an authenticating agent reasonably acceptable to the
Company to authenticate Notes. Unless otherwise provided in the appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by
such agent. An authenticating agent has the same rights as an Agent to deal with the Company and Affiliates of the Company. The Trustee shall have the right to decline to authenticate and deliver any Notes under this Indenture if the Trustee, being
advised by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability. 
  
 The Notes shall be issuable only in registered form without coupons in denominations of $1,000 and integral multiples
thereof. 
  

	SECTION 2.03. 	Registrar and Paying Agent. 

  
 The Company shall maintain or cause to be maintained an office or agency in the Borough of Manhattan, The City of New York, where (a) Notes may be
presented or surrendered for registration of transfer or for exchange (“Registrar”), (b) Notes may, subject to Section 2 of the Notes, be presented or surrendered for payment (“Paying Agent”) and (c) notices and

  

 -35- 

 
demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company may also from time to time designate one or more other
offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve
the Company of its obligation to maintain or cause to be maintained an office or agency in the Borough of Manhattan, The City of New York, for such purposes. The Company may act as Registrar or Paying Agent, except that for the purposes of Articles
Three and Eight and Sections 4.07 and 4.11, neither the Company nor any Affiliate of the Company shall act as Paying Agent. The Registrar shall keep a register of the Notes and of their transfer and exchange. The Company, upon notice to the Trustee,
may have one or more co-registrars and one or more additional paying agents reasonably acceptable to the Trustee. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent.
The Company initially appoints the Trustee as Registrar and Paying Agent until such time as the Trustee has resigned or a successor has been appointed. 
  
 The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture, which agreement shall implement the provisions
of this Indenture that relate to such Agent. The Company shall notify the Trustee, in advance, of the name and address of any such Agent. If the Company fails to maintain a Registrar or Paying Agent, the Trustee shall act as such. 
  

	SECTION 2.04. 	Paying Agent To Hold Assets in Trust. 

  
 The Company shall require each Paying Agent other than the Trustee or the Company or any Subsidiary to agree in writing that each Paying Agent shall hold
in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by the Company or any other obligor on the Notes), and
shall notify the Trustee of any Default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets
disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed.
Upon distribution to the Trustee of all assets that shall have been delivered by the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets. 
  

	SECTION 2.05. 	Holder Lists. 

  
 The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders.
If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least two (2) Business Days prior to each Interest Payment Date and at such other times as the Trustee may request in writing a list, in such form and as of such date
as the Trustee may reasonably require, of the names and addresses of Holders, which list may be conclusively relied upon by the Trustee. 
  

 -36- 

	SECTION 2.06. 	Transfer and Exchange. 

  
 Subject to Sections 2.15 and 2.16, when Notes are presented to the Registrar with a request to register the transfer of such Notes or to exchange such
Notes for an equal principal amount of Notes of other authorized denominations, the Registrar shall register the transfer or make the exchange as requested if its requirements for such transaction are met; provided, however, that the
Notes surrendered for transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar, duly executed by the Holder thereof or his or her attorney duly authorized in
writing. To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Notes at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith. 
  
 Without the prior written consent of the Company, the Registrar shall not be required to register the transfer of or exchange of any Note (i) during a
period beginning at the opening of business 15 days before the mailing of a notice of redemption of Notes and ending at the close of business on the day of such mailing, (ii) selected for redemption in whole or in part pursuant to Article Three,
except the unredeemed portion of any Note being redeemed in part, and (iii) beginning at the opening of business on any Record Date and ending on the close of business on the related Interest Payment Date. 
  
 Any Holder of a beneficial interest in a Global Note shall, by acceptance of
such beneficial interest, agree that transfers of beneficial interests in such Global Notes may be effected only through a book-entry system maintained by the Holder of such Global Note (or its agent) in accordance with the applicable legends
thereon, and that ownership of a beneficial interest in the Note shall be required to be reflected in a book-entry system. 
  

	SECTION 2.07. 	Replacement Notes. 

  
 If a mutilated Note is surrendered to the Trustee or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully taken, the
Company shall issue and the Trustee shall authenticate a replacement Note if the Trustee’s requirements are met. Such Holder must provide an indemnity bond or other indemnity, sufficient in the judgment of both the Company and the Trustee, to
protect the Company, the Trustee or any Agent from any loss which any of them may suffer if a Note is replaced. The Company may charge such Holder for its reasonable out-of-pocket expenses in replacing a Note pursuant to this Section 2.07, including
reasonable fees and expenses of counsel and of the Trustee. 
  
 Every replacement Note is an additional obligation of the Company and every replacement Guarantee, if any, shall constitute an additional obligation of the Guarantor thereof. 
  
 The provisions of this Section 2.07 are exclusive and shall preclude (to the extent lawful) all other rights and remedies
with respect to the replacement or payment of lost, destroyed or wrongfully taken Notes. 
  

 -37- 

	SECTION 2.08. 	Outstanding Notes. 

  
 Notes outstanding at any time are all the Notes that have been authenticated by the Trustee except those cancelled by it, those delivered to it for
cancellation and those described in this Section 2.08 as not outstanding. A Note does not cease to be outstanding because the Company, any Guarantor or any of their respective Affiliates hold the Note (subject to the provisions of Section 2.09).

  
 If a Note is replaced pursuant to Section 2.07 (other than a
mutilated Note surrendered for replacement), it ceases to be outstanding unless a Responsible Officer of the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser. A mutilated Note ceases to be
outstanding upon surrender of such Note and replacement thereof pursuant to Section 2.07. 
  
 If the principal amount of any Note is considered paid under Section 4.01, it ceases to be outstanding and interest ceases to accrue. If on a Redemption Date or the Stated Maturity the Trustee or Paying Agent (other
than the Company or an Affiliate thereof) holds U.S. Legal Tender or U.S. Government Obligations sufficient to pay all of the principal and interest due on the Notes payable on that date, then on and after that date such Notes cease to be
outstanding and interest on them ceases to accrue. 
  

	SECTION 2.09. 	Treasury Notes. 

  
 In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the
Company or any of its Affiliates shall be disregarded, except that, for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee
actually knows are so owned shall be disregarded. 
  

	SECTION 2.10. 	Temporary Notes. 

  
 Until definitive Notes are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Notes. Temporary Notes shall be
substantially in the form of definitive Notes but may have variations that the Company considers appropriate for temporary Notes. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Notes in exchange
for temporary Notes. Until such exchange, temporary Notes shall be entitled to the same rights, benefits and privileges as definitive Notes. Notwithstanding the foregoing, so long as the Notes are represented by a Global Note, such Global Note may
be in typewritten form. 
  

	SECTION 2.11. 	Cancellation. 

  
 The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Notes
surrendered to them for transfer, exchange or payment. The Trustee, or at the direction of the Trustee, the Registrar or the Paying Agent (other than the Company or a Subsidiary), and no one else, shall cancel and, at the written direction of the
Company, shall dispose of all Notes surrendered for transfer, 

  

 -38- 

 
exchange, payment or cancellation in accordance with its customary procedures. Subject to Section 2.07, the Company may not issue new Notes to replace Notes
that it has paid or delivered to the Trustee for cancellation. 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 surrendered to the Trustee for cancellation pursuant to this Section 2.11. 
  

	SECTION 2.12. 	Defaulted Interest. 

  
 If the Company defaults in a payment of interest on the Notes, it shall pay the defaulted interest, plus (to the extent lawful) any interest payable on
the defaulted interest, in any lawful manner. The Company may pay the defaulted interest to the persons who are Holders on a subsequent special record date, which date shall be the fifteenth day next preceding the date fixed by the Company for the
payment of defaulted interest or the next succeeding Business Day if such date is not a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder, with a copy to the Trustee, a notice that
states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid. 
  

	SECTION 2.13. 	CUSIP and ISIN Numbers. 

  
 The Company in issuing the Notes may use “CUSIP” or “ISIN” numbers, and if so, the Trustee shall use the “CUSIP” or
“ISIN” numbers in notices of redemption or exchange as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness or accuracy of the “CUSIP” or
“ISIN” numbers printed in the notice or on the Notes, and that reliance may be placed only on the other identification numbers printed on the Notes. The Company will promptly notify the Trustee of any change in the “CUSIP” or
“ISIN” numbers. 
  

	SECTION 2.14. 	Deposit of Moneys. 

  
 Subject to Section 2 of the Notes, prior to 10:00 a.m., New York City time, on each Interest Payment Date, Stated Maturity, Redemption Date and Payment
Date, the Company shall have deposited with the Paying Agent in immediately available funds money sufficient to make cash payments, if any, due on such Interest Payment Date, Stated Maturity, Redemption Date and Payment Date, as the case may be, in
a timely manner which permits the Paying Agent to remit payment to the Holders on such Interest Payment Date, Stated Maturity, Redemption Date and Payment Date, as the case may be. 
  

	SECTION 2.15. 	Book-Entry Provisions for Global Notes. 

  
 (a) The Global Notes initially shall (i) be registered in the name of the Depository or the nominee of such Depository, (ii) be delivered to the Trustee
as custodian for such Depository and (iii) bear legends as set forth in Exhibit B, as applicable. 
  
 Members of, or participants in, the Depository (“Participants”) shall have no rights under this Indenture with respect to any Global Note
held on their behalf by the Depository, 

  

 -39- 

 
or the Trustee as its custodian, or under the Global Note, and the Depository 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 Depository or impair, as between the Depository and Participants, the operation of customary practices governing the exercise of the rights of a Holder of any Note. 
  
 (b) Transfers of Global Notes shall be limited to transfers in whole, but not
in part, to the Depository, its successors or their respective nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Physical Notes in accordance with the rules and procedures of the Depository and the
provisions of Section 2.16. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) the Depository notifies the Company that it is unwilling or unable to act as
Depository for any Global Note, the Company so notifies the Trustee in writing and a successor Depository is not appointed by the Company within 90 days of such notice or (ii) a Default or Event of Default has occurred and is continuing and the
Registrar has received a written request from any owner of a beneficial interest in a Global Note to issue Physical Notes. Upon any issuance of a Physical Note in accordance with this Section 2.15(b) the Trustee is required to register such Physical
Note in the name of, and cause the same to be delivered to, such person or persons (or the nominee of any thereof). All such Physical Notes shall bear the applicable legends, if any. 
  
 (c) In connection with any transfer or exchange of a portion of the beneficial interest in a Global Note to beneficial
owners pursuant to paragraph (b) of this Section 2.15, the 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 such 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 authorized denominations in an aggregate principal
amount equal to the principal amount of the beneficial interest in the Global Note so transferred. 
  
 (d) In connection with the transfer of a Global Note as an entirety to beneficial owners pursuant to paragraph (b) of this Section 2.15, such Global Note
shall be deemed to be surrendered to the Trustee for cancellation, and (i) the Company shall execute, (ii) the Guarantors, if any, shall execute notations of Guarantees on and (iii) the Trustee shall upon written instructions from the Company
authenticate and deliver, to each beneficial owner identified by the Depository in exchange for its beneficial interest in such Global Note, an equal aggregate principal amount of Physical Notes of authorized denominations. 
  
 (e) Any Physical Note constituting a Restricted Security delivered in
exchange for an interest in a Global Note pursuant to paragraph (b) or (c) of this Section 2.15 shall, except as otherwise provided by Section 2.16, bear the Private Placement Legend. 
  
 (f) The Holder of any Global Note may grant proxies and otherwise authorize any Person, including Participants and Persons
that may hold interests through Participants, to take any action which a Holder is entitled to take under this Indenture or the Notes. 
  

 -40- 

	SECTION 2.16. 	Special Transfer and Exchange Provisions. 

  
 (a) Transfers to Non-QIB Institutional Accredited Investors. The following provisions shall apply with respect to the registration of any proposed
transfer of a Restricted Security to any Institutional Accredited Investor which is not a QIB: 
  
 (i) the Registrar shall register the transfer of any Restricted Security, whether or not such Note bears the Private Placement Legend, if
(x) the requested transfer is after the second anniversary of the Issue Date; provided, however, that neither the Company nor any Affiliate of the Company has held any beneficial interest in such Note, or portion thereof, at any time
on or prior to the second anniversary of the Issue Date or (y) the proposed transferee has delivered to the Registrar a certificate substantially in the form of Exhibit C hereto and any legal opinions and certifications as may be reasonably
requested by the Trustee and the Company; 
  
 (ii) if the proposed transferee is a Participant and the Notes to be transferred consist of Physical Notes which after transfer are to be evidenced by an interest in the IAI Global Note, upon receipt by the Registrar of the Physical Note
and (x) written instructions given in accordance with the Depository’s and the Registrar’s procedures and (y) the certificate, if required, referred to in clause (y) of paragraph (i) above (and any legal opinion or other certifications),
the Registrar shall register the transfer and reflect on its books and records the date and an increase in the principal amount of the IAI Global Note in an amount equal to the principal amount of Physical Notes to be transferred, and the Registrar
shall cancel the Physical Notes so transferred; and 
  
 (iii) if the proposed transferor is a Participant seeking to transfer an interest in a Global Note, upon receipt by the Registrar of (x) written instructions given in accordance with the Depository’s and the Registrar’s procedures
and (y) the certificate, if required, referred to in clause (y) of paragraph (i) above, the Registrar shall register the transfer and reflect on its books and records the date and (A) a decrease in the principal amount of the Global Note from which
such interests are to be transferred in an amount equal to the principal amount of the Notes to be transferred and (B) an increase in the principal amount of the IAI Global Note in an amount equal to the principal amount of the Notes to be
transferred. 
  
 (b) Transfers to QIBs. The following
provisions shall apply with respect to the registration of any proposed transfer of a Restricted Security to a QIB: 
  
 (i) the Registrar shall register the transfer of any Restricted Security, whether or not such Note bears the Private Placement Legend, if
(x) the requested transfer is after the second anniversary of the Issue Date; provided, however, that neither the Company nor any Affiliate of the Company has held any beneficial interest in such Note, or portion thereof, at any time
on or prior to the second anniversary of the Issue Date or (y) such transfer is being made by a proposed transferor who has checked the box provided for on the applicable Global Note stating, or has otherwise advised the Company and the Registrar in
writing, that the sale has been made in compliance with the provisions of Rule 144A to a transferee who has signed the certification provided for on the applicable 

  

 -41- 

 
Global Note stating, or has otherwise advised the Company and the Registrar in writing, that it is purchasing the Note for its own account or an account with
respect to which it exercises sole investment discretion and that it and any such account is a QIB within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such
information regarding the Company as it has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from
registration provided by Rule 144A; 
  
 (ii) if
the proposed transferee is a Participant and the Notes to be transferred consist of Physical Notes which after transfer are to be evidenced by an interest in the 144A Global Note, upon receipt by the Registrar of the Physical Note and written
instructions given in accordance with the Depository’s and the Registrar’s procedures, the Registrar shall register the transfer and reflect on its book and records the date and an increase in the principal amount of the 144A Global Note
in an amount equal to the principal amount of Physical Notes to be transferred, and the Registrar shall cancel the Physical Notes so transferred; and 
  
 (iii) if the proposed transferor is a Participant seeking to transfer an interest in the IAI Global Note or the Regulation S Global Note,
upon receipt by the Registrar of written instructions given in accordance with the Depository’s and the Registrar’s procedures, the Registrar shall register the transfer and reflect on its books and records the date and (A) a decrease in
the principal amount of the IAI Global Note or the Regulation S Global Note, as the case may be, in an amount equal to the principal amount of the Notes to be transferred and (B) an increase in the principal amount of the 144A Global Note in an
amount equal to the principal amount of the Notes to be transferred. 
  
 (c) Transfers to Non-U.S. Persons. The following provisions shall apply with respect to any transfer of a Restricted Security to a Non-U.S. Person under Regulation S: 
  
 (i) the Registrar shall register any proposed transfer of a Restricted Security to a Non-U.S. Person upon
receipt of a certificate substantially in the form of Exhibit D from the proposed transferor and such certifications, legal opinions and other information as the Trustee or the Company may reasonably request; and 
  
 (ii) (a) if the proposed transferor is a Participant holding
a beneficial interest in the Rule 144A Global Note or the IAI Global Note or the Note to be transferred consists of Physical Notes, upon receipt by the Registrar of (x) the documents required by paragraph (i) and (y) instructions in accordance with
the Depository’s and the Registrar’s procedures, the Registrar shall reflect on its books and records the date and a decrease in the principal amount of the Rule 144A Global Note or the IAI Global Note, as the case may be, in an amount
equal to the principal amount of the beneficial interest in the Rule 144A Global Note or the IAI Global Note, as the case may be, to be transferred or cancel the Physical Notes to be transferred, and (b) if the proposed transferee is a Participant,
upon receipt by the Registrar of instructions given in accordance with the Depository’s and the Registrar’s procedures, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Regulation
S Global Note in an 

  

 -42- 

 
amount equal to the principal amount of the Rule 144A Global Note, the IAI Global Note or the Physical Notes, as the case may be, to be transferred.

  
 (d) Exchange Offer. Upon the occurrence of the
Exchange Offer in accordance with the Registration Rights Agreement, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02, the Trustee shall authenticate one or more Global Notes and/or Physical Notes
not bearing the Private Placement Legend in an aggregate principal amount equal to the principal amount of the beneficial interests in the Initial Global Notes or Physical Notes, as the case may be, tendered for acceptance in accordance with the
Exchange Offer and accepted for exchange in the Exchange Offer. 
  
 (e) Restrictions on Transfer and Exchange of Global Notes. Notwithstanding any other provisions of this Indenture, a Global Note may not be transferred as a whole except by the Depository to a nominee of the Depository or by a
nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository. 
  
 (f) Private Placement Legend. Upon the transfer, exchange or
replacement of Notes not bearing the Private Placement Legend unless otherwise required by applicable law, the Registrar shall deliver Notes that do not bear the Private Placement Legend. Upon the transfer, exchange or replacement of Notes bearing
the Private Placement Legend, the Registrar shall deliver only Notes that bear the Private Placement Legend unless (i) there is delivered to the Trustee an Opinion of Counsel reasonably satisfactory to the Company and the Trustee to the effect that
neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act or (ii) such Note has been offered and sold (including pursuant to the Exchange Offer) pursuant to an
effective registration statement under the Securities Act. 
  
 (g) General. By its acceptance of any Note bearing the Private Placement Legend, each Holder of such a Note acknowledges the restrictions on transfer of such Note set forth in this Indenture and in the Private Placement Legend and
agrees that it will transfer such Note only as provided in this Indenture. 
  
 The Registrar shall retain copies of all letters, notices and other written communications received pursuant to Section 2.15 or Section 2.16. The Company shall have the right to inspect and make copies of all such
letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Registrar. 
  
 The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this
Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depository Participants or beneficial owners of interests in any Global Note) other than to require delivery of such
certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express
requirements hereof. 
  

 -43- 

 The Trustee shall have no responsibility for the actions or omissions of the Depository, or the accuracy
of the books and records of the Depository. 
  
 (h)
Cancellation and/or Adjustment of Global Note. At such time as all beneficial interests in a particular Global Note have been exchanged for Physical Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not
in part, each such Global Note shall be returned to or retained and canceled by the Trustee in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred
to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Physical Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made
on such Global Note by the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other
Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee to reflect such increase. 
  
 ARTICLE THREE 
  
 REDEMPTION 
  

	SECTION 3.01. 	Notices to Trustee. 

  
 If the Company elects to redeem Notes pursuant to Section 5 or Section 6(a) or Section 6(b) of the Notes, it shall notify the Trustee in writing of the
Redemption Date, the Redemption Price and the principal amount of Notes to be redeemed. The Company shall give notice of redemption to the Trustee at least 30 days but not more than 60 days before the Redemption Date (unless a shorter notice shall
be agreed to by the Trustee in writing), together with such documentation and records as shall enable the Trustee to select the Notes to be redeemed. 
  

	SECTION 3.02. 	Selection of Notes To Be Redeemed. 

  
 In the event that the Company chooses to redeem less than all of the Notes pursuant to Section 5 or Section 6(a) or Section 6(b) of the Notes, selection
of the Notes for redemption will be made by the Trustee either: 
  
 (1) in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed; or 
  
 (2) on a pro rata basis, by lot or by such method as the Trustee shall deem fair and appropriate.

  
 No Notes of a principal amount of $1,000 or less shall be
redeemed in part. If a partial redemption is made with the proceeds of a Qualified Equity Offering, the Trustee will select the Notes only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to Depository
procedures). 
  

 -44- 

	SECTION 3.03. 	Notice of Redemption. 

  
 At least 30 days but not more than 60 days before a Redemption Date, the Company shall mail a notice of redemption by first class mail, postage prepaid,
to each Holder whose Notes are to be redeemed at its registered address (except that a notice issued in connection with a redemption referred to in Section 8.01 may be more than 60 days before such Redemption Date). At the Company’s request,
the Trustee shall forward the notice of redemption in the Company’s name and at the Company’s expense. Each notice for redemption shall identify the Notes (including the CUSIP or ISIN number) to be redeemed and shall state: 
  
 (1) the Redemption Date; 
  
 (2) the Redemption Price and the amount of accrued interest,
if any, to be paid; 
  
 (3) the name and address
of the Paying Agent; 
  
 (4) that Notes called
for redemption must be surrendered to the Paying Agent to collect the Redemption Price plus accrued interest, if any; 
  
 (5) that, unless the Company defaults in making the redemption payment, interest on Notes called for redemption ceases to accrue on and
after the Redemption Date, and the only remaining right of the Holders of such Notes is to receive payment of the Redemption Price upon surrender to the Paying Agent of the Notes redeemed; 
  
 (6) if any Note is being redeemed in part, the portion of
the principal amount of such Note to be redeemed and that, after the Redemption Date, and upon surrender and cancellation of such Note, a new Note or Notes in aggregate principal amount equal to the unredeemed portion thereof will be issued;

  
 (7) if fewer than all the Notes are to be
redeemed, the identification of the particular Notes (or portion thereof) to be redeemed, as well as the aggregate principal amount of Notes to be redeemed and the aggregate principal amount of Notes to be outstanding after such partial redemption;
and 
  
 (8) the Section of the Notes or this
Indenture, as applicable, pursuant to which the Notes are to be redeemed. The notice, if mailed in a manner herein provided, shall be conclusively presumed to have been given, whether or not the Holder receives such notice. In any case, failure to
give such notice by mail or any defect in the notice to the Holder of any Note designated for redemption in whole or in part shall not affect the validity of the proceedings for the redemption of any other Note. Notices of redemption may not be
conditional. 
  

	SECTION 3.04. 	Effect of Notice of Redemption. 

  
 Once notice of redemption is mailed in accordance with Section 3.03, Notes called for redemption become due and payable on the Redemption Date and at the
Redemption 

  

 -45- 

 
Price plus accrued interest, if any. Upon surrender to the Trustee or Paying Agent, such Notes called for redemption shall be paid at the Redemption Price
(which shall include accrued interest thereon to, but not including, the Redemption Date), but installments of interest, the maturity of which is on or prior to the Redemption Date, shall be payable to Holders of record at the close of business on
the relevant Record Dates. On and after the Redemption Date interest shall cease to accrue on Notes or portions thereof called for redemption unless the Company shall have not complied with its obligations pursuant to Section 3.05. 
  

	SECTION 3.05. 	Deposit of Redemption Price. 

  
 On or before 10:00 a.m. New York time on the Redemption Date, the Company shall deposit with the Paying Agent U.S. Legal Tender sufficient to pay the
Redemption Price plus accrued and unpaid interest, if any, of all Notes to be redeemed on that date. 
  
 If the Company complies with the preceding paragraph, then, unless the Company defaults in the payment of such Redemption Price plus accrued interest, if
any, interest on the Notes to be redeemed will cease to accrue on and after the applicable Redemption Date, whether or not such Notes are presented for payment. 
  

	SECTION 3.06. 	Notes Redeemed in Part. 

  
 If any Note is to be redeemed in part only, the notice of redemption that relates to such Note shall state the portion of the principal amount thereof to
be redeemed. A new Note or Notes in principal amount equal to the unredeemed portion of the original Note or Notes shall be issued in the name of the Holder thereof upon surrender and cancellation of the original Note or Notes. 
  
 ARTICLE FOUR 
  
 COVENANTS 
  

	SECTION 4.01. 	Payment of Notes. 

  
 The Company shall pay the principal of, premium, if any, and interest on the Notes in the manner provided in the Notes, the Registration Rights Agreement
and this Indenture. An installment of principal of, or interest on, the Notes shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Company or an Affiliate thereof) holds on that date U.S. Legal Tender
designated for and sufficient to pay the installment. Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 
  

The Company shall pay interest on overdue principal (including post petition interest in a proceeding under any Bankruptcy Law), and overdue interest,
to the extent lawful, at the same rate per annum borne by the Notes. 
  

 -46- 

	SECTION 4.02. 	Maintenance of Office or Agency. 

  
 The Company shall maintain in the Borough of Manhattan, The City of New York, the office or agency required under Section 2.03 (which may be an office of
the Trustee or an affiliate of the Trustee or Registrar). 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 address of the Trustee set forth in Section 13.02. 
  
 The Company may also from time to time designate one or more other offices or
agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will 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. 
  
 The
Company hereby initially designates the Trustee at its office or agency in the Borough of Manhattan, The City of New York, as such office of the Company in accordance with Section 2.03. 
  

	SECTION 4.03. 	Corporate Existence. 

  
 Except as otherwise permitted by Article Five, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect
its corporate existence and the corporate, partnership or other existence of each of its Restricted Subsidiaries in accordance with the respective organizational documents of each such Restricted Subsidiary and the material rights (charter and
statutory) and material franchises of the Company and each of its Restricted Subsidiaries; provided, however, that the Company shall not be required to preserve any such right, franchise or corporate existence with respect to itself or
any Restricted Subsidiary if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole, and that the loss thereof is
not adverse in any material respect to the Holders of the Notes. 
  

	SECTION 4.04. 	Payment of Taxes. 

  
 The Company and the Guarantors, if any, shall and shall cause each of the Restricted Subsidiaries to, pay or discharge or cause to be paid or discharged,
before the same shall become delinquent, (a) all material taxes, assessments and governmental charges levied or imposed upon it or any of the Restricted Subsidiaries or upon the income, profits or property of it or any of the Restricted Subsidiaries
and (b) all lawful claims for labor, materials and supplies which, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of the Restricted Subsidiaries; provided, however, that the
Company and the Guarantors, if any, shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount the applicability or validity is being contested in good faith by appropriate
actions and for which appropriate provision has been made. 
  

 -47- 

	SECTION 4.05. 	Compliance Certificate; Notice of Default. 

  
 (a) The Company shall deliver to the Trustee, within 120 days after the close of each fiscal year, an Officers’ Certificate stating that a review of
the activities of the Company and its Subsidiaries has been made under the supervision of the signing Officers with a view to determining whether the Company and the Guarantors, if any, have kept, observed, performed and fulfilled their obligations
under this Indenture and further stating, as to each such Officer signing such certificate, that to the best of such Officer’s knowledge, the Company and the Guarantors, if any, during such preceding fiscal year has kept, observed, performed
and fulfilled each and every such covenant and no Default occurred during such year and at the date of such certificate there is no Default that has occurred and is continuing or, if such signers do know of such Default, the certificate shall
specify such Default and what action, if any, the Company is taking or proposes to take with respect thereto. The Officers’ Certificate shall also notify the Trustee should the Company elect to change the manner in which it fixes the fiscal
year end. 
  
 (b) The Company shall deliver to the Trustee
promptly and in any event within five days after the Company becomes aware of the occurrence of any Default an Officers’ Certificate specifying the Default and what action, if any, the Company is taking or proposes to take with respect thereto.

  

	SECTION 4.06. 	Waiver of Stay, Extension or Usury Laws. 

  
 The Company and each Guarantor, if any, covenants (to the extent permitted by applicable law) that it will not at any time insist upon, plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would prohibit or forgive the Company or such Guarantor from paying all or any portion of the principal of and/or interest on
the Notes or the Guarantee, if any, of any such Guarantor as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture, and (to the extent permitted by
applicable law) each 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. 
  

	SECTION 4.07. 	Change of Control. 

  
 (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require that the Company purchase all or a portion of such
Holder’s Notes pursuant to the offer described below (the “Change of Control Offer”), at a purchase price (the “Change of Control Payment”) equal to 101% of the principal amount thereof plus accrued interest,
if any, to but not including the date of purchase. 
  
 (b) Within
30 days following the date upon which a Change of Control occurred, the Company shall send, by first-class mail, a notice to each Holder at such Holder’s last registered address, with a copy to the Trustee, which notice shall govern the terms
of the Change of Control Offer. The notice to the Holders shall contain all instructions and materials necessary 

  

 -48- 

 
to enable such Holders to tender Notes pursuant to the Change of Control Offer. Such notice shall state: 
  
 (i) that the Change of Control Offer is being made pursuant
to this Section 4.07 and that all Notes tendered and not withdrawn shall be accepted for payment; 
  
 (ii) the purchase price (including the amount of accrued and unpaid interest, if any) and the purchase date (which shall be no earlier
than 30 days nor later than 45 days from the date such notice is mailed, other than as may be required by law) (the “Change of Control Payment Date”); 
  
 (iii) that any Note not tendered shall continue to accrue interest; 
  
 (iv) that, unless the Company defaults in making payment
therefor, any Note accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest after the Change of Control Payment Date; 
  
 (v) that Holders electing to have Notes purchased pursuant to a Change of Control Offer shall be required to surrender such Notes, with
the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day prior to the Change of Control
Payment Date; 
  
 (vi) that Holders shall be
entitled to withdraw their election if the Paying Agent receives, not later than 5:00 p.m., New York City Time, on the second Business Day prior to the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth
the name of the Holder, the principal amount of the Notes the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Notes purchased; 
  
 (vii) that Holders whose Notes are purchased only in part shall be issued new Notes in a principal amount
equal to the unpurchased portion of the Notes surrendered; provided, however, that each Note purchased and each new Note issued shall be in an original principal amount of $1,000 or integral multiples thereof; and 
  
 (viii) the circumstances and relevant facts regarding such
Change of Control. 
  
 On the Change of Control Payment Date, the
Company shall, to the extent permitted by law, (i) accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control Offer, (ii) deposit with the Paying Agent an amount equal to the aggregate Change of Control
Payment in respect of all Notes or portions thereof so tendered and (iii) deliver, or cause to be delivered, to the Trustee for cancellation the Notes so accepted together with an Officers’ Certificate stating that such Notes or portions
thereof have been tendered to and purchased by the Company. The Paying Agent shall promptly either (x) pay to the Holder against presentation and surrender (or, in the case of partial payment, endorsement) of the Global Notes or (y) in the case of
Certificated Securities, mail to each Holder of Notes the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and deliver 

  

 -49- 

 
to the Holder of the Global Notes a new Global Note or Notes or, in the case of definitive notes, mail to each Holder new Certificated Securities, as
applicable, equal in principal amount to any unpurchased portion of the Notes surrendered, if any, provided that each new Certificated Security will be in a principal amount of $1,000 or an integral multiple thereof. The Company shall notify
the Trustee and the Holders of the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 
  
 The Company shall not be required to make a Change of Control Offer upon a Change of Control if a third party makes the Change of Control Offer at the
Change of Control Purchase Price, at the same times and otherwise in compliance with the requirements applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and not withdrawn under such Change of Control
Offer or if a notice of redemption has been given pursuant to Sections 5, 6(a) or 6(b) of the Notes. A Change of Control Offer may be made in advance of a Change of Control and conditioned upon the Change of Control if a definitive agreement
relating to such Change of Control is entered into at or prior to the time making the Change of Control Offer. 
  
 Neither the Board of Directors of the Company nor the Trustee may waive the provisions of this Section 4.07 relating to a Holder’s right to
redemption upon a Change of Control. 
  
 The Company shall comply
with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of Notes pursuant to a Change of Control
Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 4.07, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached
its obligations under the provisions of this Section 4.07 by virtue thereof. 
  

	SECTION 4.08. 	Limitations on Incurrence of Additional Indebtedness. 

  
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, assume, guarantee, acquire,
become liable, contingently or otherwise, with respect to or otherwise become responsible for payment of (collectively, “incur”) any Indebtedness (other than Permitted Indebtedness); provided, however, that if no
Default or Event of Default shall have occurred and be continuing at the time of or as a consequence of the incurrence of any such Indebtedness, the Company or any of its Restricted Subsidiaries may incur (x) Subordinated Indebtedness (including,
without limitation, Acquired Indebtedness that constitutes Subordinated Indebtedness) if on the date of the incurrence of such Subordinated Indebtedness, after giving effect to the incurrence thereof, the Consolidated Fixed Charge Coverage Ratio of
the Company would have been greater than 2.25 to 1.0 (the “Fixed Charge Coverage Ratio Provision”) and (y) non-Subordinated Indebtedness (including Acquired Indebtedness that constitutes non-Subordinated Indebtedness) if on the date
of the incurrence of such non-Subordinated Indebtedness, after giving effect to the incurrence thereof, the Consolidated Fixed Charged Coverage Ratio of the Company would have been greater than 2.25 to 1.0 and the Consolidated Senior Leverage Ratio
of the Company would have been less than 4.75 to 1.0. 
  

 -50- 

 (b) Notwithstanding the foregoing, if the Notes do not have the Minimum Rating at the time of the
incurrence of Indebtedness pursuant to the Fixed Charge Coverage Ratio Provision of clause (a) above by a Restricted Subsidiary that is not a Guarantor then the aggregate amount of Indebtedness (other than Permitted Indebtedness) that may be
incurred by a Restricted Subsidiary that is not a Guarantor pursuant to the Fixed Charge Coverage Ratio Provision of clause (a) above shall not exceed, taken together with any other Indebtedness incurred pursuant to the Fixed Charge Coverage Ratio
Provision of clause (a) above by the Company’s Restricted Subsidiaries that are not Guarantors and then outstanding, $150.0 million less the aggregate amount of Indebtedness incurred by the Company’s Restricted Subsidiaries that are not
Guarantors pursuant to clause (15) of the definition of Permitted Indebtedness and then outstanding. 
  
 (c) The Company will not, and will not permit any Guarantor to, directly or indirectly, incur any Indebtedness which by its terms (or by the terms of any
agreement governing such Indebtedness) is expressly subordinated in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also by its terms (or by the terms of any agreement
governing such Indebtedness) made expressly subordinate to the Notes or the applicable Guarantee, as the case may be, to the same extent and in the same manner as such Indebtedness is subordinated to other Indebtedness of the Company or such
Guarantor, as the case may be. For purposes of the foregoing, no Indebtedness will be deemed to be subordinated in right of payment to any other Indebtedness of the Company or any Guarantor solely by virtue of such Indebtedness being unsecured or by
virtue of the fact that the holders of such Indebtedness have entered into one or more intercreditor agreements giving one or more of such holders priority over the other holders in the collateral held by them. 
  

	SECTION 4.09. 	Limitations on Restricted Payments. 

  
 The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 
  
 (1) declare or pay any dividend or make any distribution
(other than dividends or distributions payable in Qualified Capital Stock of the Company) on or in respect of shares of the Company’s Capital Stock to holders of such Capital Stock; 
  
 (2) purchase, redeem or otherwise acquire or retire for value any Capital Stock of the Company; 

 
 (3) make any principal payment on, purchase, defease,
redeem, prepay, decrease or otherwise acquire or retire for value, prior to any scheduled final maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Indebtedness; or 
  
 (4) make any Investment (other than Permitted Investments).

  
 (each of the foregoing actions set forth in clauses (1), (2), (3) and (4)
being referred to as a “Restricted Payment”); 
  

 -51- 

 if at the time of such Restricted Payment or immediately after giving effect thereto, 
  
 (i) a Default or an Event of Default shall have occurred and
be continuing; 
  
 (ii) the Company is not able
to incur at least $1.00 of additional Subordinated Indebtedness (other than Permitted Indebtedness) in compliance with Section 4.08; or 
  
 (iii) the aggregate amount of Restricted Payments (including such proposed Restricted Payment) made subsequent to the Issue Date (the
amount expended for such purposes, if other than in cash, being the fair market value of such property as determined in good faith by the Board of Directors of the Company) shall exceed the sum of 
  
 (u) 50% of Consolidated Net Income for the period (taken as
one accounting period) commencing on the first day of the fiscal quarter beginning following the quarter in which the Issue Date occurs to and including the last day of the fiscal quarter ended immediately prior to the date of such calculation for
which internal financial statements are available (or, if such Consolidated Net Income shall be a deficit, minus 100% of such aggregate deficit), plus 
  

(v) 100% of the aggregate Net Cash Proceeds and the fair market value, as determined in good faith by the Board of Directors of the
Company, of property and marketable securities received by the Company from any Person (other than a Subsidiary of the Company) from the issuance and sale subsequent to the Issue Date and on or prior to the date the Restricted Payment occurs (the
“Reference Date”) of Qualified Capital Stock of the Company (but excluding any debt security that is convertible into, or exchangeable for, Qualified Capital Stock), plus 
  
 (w) without duplication of any amounts included in clause
(iii)(v) above, 100% of the aggregate Net Cash Proceeds and the fair market value, as determined in good faith by the Board of Directors of the Company, of property and marketable securities of any equity contribution received by the Company from a
holder of the Company’s Capital Stock subsequent to the Issue Date and on or prior to the Reference Date (excluding, in the case of clauses (iii)(v) and (w), any Net Cash Proceeds from a Qualified Equity Offering to the extent used to redeem
the Notes in compliance with Section 6(a) of the Notes), plus 
  
 (x) 100% of the aggregate amount by which Indebtedness (other than any Subordinated Indebtedness) incurred by the Company or any Restricted Subsidiary subsequent to the Issue Date is reduced on the Company’s
balance sheet upon the conversion or exchange (other than by a Subsidiary of the Company) into Qualified Capital Stock (less the amount of any cash, or the fair value of assets, distributed by the Company or any Restricted Subsidiary upon such
conversion or exchange), plus 
  
 (y) 100%
of the aggregate amount received in cash and the fair market value, as determined in good faith by the Board of Directors of the Company, of 

  

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property and marketable securities received by means of (A) the sale or other disposition (other than to the Company or a Restricted Subsidiary) of all or
any portion of any Restricted Investments made by the Company or its Restricted Subsidiaries and repurchases and redemptions of such Restricted Investments from the Company or its Restricted Subsidiaries and repayments of or interest payments made
in respect of any loans or advances which constitute Restricted Investments by the Company or its Restricted Subsidiaries or any dividends or other distributions made or payments made with respect to any Restricted Investment by the Company or any
Restricted Subsidiary or (B) the sale (other than to the Company or a Restricted Subsidiary) of the Capital Stock of an Unrestricted Subsidiary or a distribution from an Unrestricted Subsidiary or a dividend from an Unrestricted Subsidiary,
plus 
  
 (z) in the case of the
redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary or the merger or consolidation of an Unrestricted Subsidiary into the Company or a Restricted Subsidiary or the transfer of assets of an Unrestricted Subsidiary to the Company or
a Restricted Subsidiary, the fair market value of the Investment in such Unrestricted Subsidiary, as determined in good faith by the Board of Directors of the Company at the time of the redesignation of such Unrestricted Subsidiary as a Restricted
Subsidiary or at the time of such merger, consolidation or transfer of assets; 
  
 provided, however, that the sum of clauses (y) and (z) above shall not exceed the aggregate amount of all such Investments made subsequent to the Issue Date. 
  
 Notwithstanding the foregoing, the provisions set forth in the immediately preceding
paragraph do not prohibit: 
  
 (1) the payment of
any dividend or other distribution within 60 days after the date of declaration of such dividend or other distribution if the dividend or other distribution would have been permitted on the date of declaration; 
  
 (2) if no Default or Event of Default shall have occurred
and be continuing, the acquisition of any shares of Capital Stock of the Company either (i) solely in exchange for shares of Qualified Capital Stock of the Company or (ii) through the application of net proceeds of a substantially concurrent sale
(other than to a Subsidiary of the Company) of shares of Qualified Capital Stock of the Company; 
  
 (3) if no Default or Event of Default shall have occurred and be continuing, the acquisition of any Subordinated Indebtedness either (i)
solely in exchange for shares of Qualified Capital Stock of the Company or (ii) through the application of net proceeds of a substantially concurrent sale (other than to a Subsidiary of the Company) of (a) shares of Qualified Capital Stock of the
Company, (b) Refinancing Indebtedness or (c) upon a Change of Control or in connection with an Asset Sale to the extent required by the agreement governing such Subordinated Indebtedness but only if the Company shall have complied with the covenants
described under Sections 4.07 and 4.11 and purchased 

  

 -53- 

 
all Notes validly tendered pursuant to the relevant offer prior to redeeming such Subordinated Indebtedness; 
  
 (4) so long as no Default or Event of Default shall have
occurred and be continuing, repurchases by the Company of Capital Stock of the Company from current or former officers, directors, employees and consultants of the Company or any of its Subsidiaries or their authorized representatives (or their
transferees, estates or beneficiaries under their estates) upon the death, disability, severance or termination of employment of such employees or termination of their seat on the board of the Company or any Subsidiary in an aggregate amount not to
exceed $2.5 million in any calendar year with unused amounts being available to be used in succeeding calendar years subject to a maximum of $5.0 million in any calendar year (without giving effect to clauses (B) and (C)), plus (B) the amount of any
Net Cash Proceeds received by or contributed to the Company from the issuance and sale after the Issue Date of Qualified Capital Stock of the Company to its officers, directors, employees or consultants, plus (C) the Net Cash Proceeds of any
“key-man” life insurance policies; 
  
 (5) repurchases of Capital Stock deemed to occur upon the exercise of stock options if the Capital Stock represents a portion of the exercise price thereof; 
  
 (6) the declaration and payment of regularly scheduled or accrued dividends or distributions to (i) the
holders of any class or series of Disqualified Capital Stock of the Company or any Restricted Subsidiary issued on or after the date of this Indenture in accordance with the Consolidated Fixed Charge Coverage Ratio Provision described under Section
4.08 or (ii) the holders of any class or series of Preferred Stock of the Company issued after the date of this Indenture; provided that (x) at the time of such issuance and after giving pro forma effect thereto treating the aggregate
liquidation preference of such Preferred Stock as Indebtedness, the Company would have been able to incur at least $1.00 of additional Indebtedness pursuant to the Consolidated Fixed Charge Coverage Ratio Provision described under Section 4.08 and
(y) the Net Cash Proceeds of such issuance of Preferred Stock shall be excluded from clause (iii)(v) above; 
  
 (7) Investments that are made with Excluded Contributions; 
  
 (8) the repurchase, redemption or other acquisition for value of Capital Stock of the Company representing
fractional shares of such Capital Stock; and 
  
 (9) so long as no Default or Event of Default shall have occurred and be continuing, other Restricted Payments, in an aggregate amount which, when taken together with all other Restricted Payments pursuant to this clause (9), does not
exceed $10.0 million. 
  
 In determining the aggregate amount of
Restricted Payments made subsequent to the Issue Date in accordance with clause (iii) of the immediately preceding paragraph, amounts expended pursuant to clause (1) and, to the extent of any proceeds that increase the amount available for
Restricted Payments pursuant to (iii)(v) above, (2)(ii) and (3)(ii)(a) shall be included in such calculation. 
  

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	SECTION 4.10. 	Limitation on Preferred Stock of Restricted Subsidiaries. 

  
 The Company will not permit any of its Restricted Subsidiaries that are not Guarantors to issue any Preferred Stock (other than to the Company or to a
Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary that is not a Guarantor of the Company.

  

	SECTION 4.11. 	Limitations on Asset Sales. 

  
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale, unless: 
  
 (1) the Company or the applicable Restricted Subsidiary, as
the case may be, receives consideration at the time of such Asset Sale at least equal to the fair market value of the assets sold or otherwise disposed of (as determined in good faith by the Company’s Board of Directors); 
  
 (2) at least 75% of the consideration received by the
Company or such Restricted Subsidiary, as the case may be, from such Asset Sale shall be in the form of cash or Cash Equivalents; provided that the following shall be deemed to be cash for purposes of this provision: 
  
 (a) the fair market value of (i) any assets (other than
securities) received by the Company or any Restricted Subsidiary to be used by it in a Permitted Business and (ii) Capital Stock in a Person that is a Restricted Subsidiary or in a Person engaged in a Permitted Business that shall become a
Restricted Subsidiary immediately upon the acquisition of such Person; 
  
 (b) any Designated Noncash Consideration received by the Company or any of its Restricted Subsidiaries in such Asset Sale having an aggregate fair market value, taken together with all other Designated Noncash
Consideration received since the date of this Indenture pursuant to this clause (b) that is at that time outstanding, not to exceed $25.0 million at the time of the receipt of such Designated Noncash Consideration (with the fair market value of each
item of Designated Noncash Consideration being measured at the time received and without giving effect to subsequent changes in value); 
  
 (c) the amount of any securities, notes or other obligations received from such transferee that are within 180 days converted by the
Company or such Restricted Subsidiary to cash; and 
  
 (d) the amount of any liabilities (as shown on the Company’s or such Restricted Subsidiary’s most recent balance sheet) of the Company or such Restricted Subsidiary (other than liabilities that are by their terms subordinated to
the Notes or any Guarantee of a Guarantor) that are assumed by the transferee of any such assets; and 
  

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 (3) upon the consummation of an Asset Sale, the Company shall apply, or cause such
Restricted Subsidiary to apply, the Net Cash Proceeds relating to such Asset Sale within 364 days of receipt thereof either: 
  
 (a) to permanently reduce Indebtedness or other obligations that are subject to any Prior Lien Agreements and, in the case of any
Indebtedness under any revolving credit facility, effect a permanent reduction in the availability under such revolving credit facility (or, effect such a permanent reduction in availability thereunder regardless of the fact that no prepayment may
be required); 
  
 (b) to make an investment in
properties or assets used or useful in a Permitted Business; 
  
 (c) to make capital expenditures; and/or 
  
 (d) a combination of prepayment and investment permitted by the foregoing clauses (3)(a), 3(b) and 3(c). 
  
 Pending the final application of such Net Cash Proceeds, the Company may temporarily reduce borrowings under the Credit Agreement or any other revolving
credit facility. On the 365th day after an Asset Sale or such earlier date, if any, as the Board of Directors of the Company or of such Restricted Subsidiary determines not to apply the Net Cash Proceeds relating to such Asset Sale as set forth in
clauses (3)(a), (3)(b), (3)(c) and (3)(d) of the preceding paragraph (each, a “Net Proceeds Offer Trigger Date”), such aggregate amount of Net Cash Proceeds which have not been applied on or before such Net Proceeds Offer Trigger
Date as permitted in clauses (3)(a), (3)(b), (3)(c) and (3)(d) of the preceding paragraph (each, a “Net Proceeds Offer Amount”) shall be applied by the Company or such Restricted Subsidiary to make an offer to purchase (the
“Net Proceeds Offer”) to all Holders and, to the extent required by the terms of any Pari Passu Indebtedness, to all holders of such Pari Passu Indebtedness, on a date (the “Net Proceeds Offer Payment Date”) not
less than 30 nor more than 45 days following the applicable Net Proceeds Offer Trigger Date, from all Holders (and holders of any such Pari Passu Indebtedness) on a pro rata basis, that amount of Notes (and Pari Passu Indebtedness) equal to
the Net Proceeds Offer Amount at a price equal to 100% of the principal amount of the Notes (and Pari Passu Indebtedness) to be purchased, plus accrued and unpaid interest thereon, if any, to but not including the date of purchase;
provided, however, that if at any time any non-cash consideration received by the Company or any Restricted Subsidiary of the Company, as the case may be, in connection with any Asset Sale is converted into or sold or otherwise
disposed of for cash (other than interest received with respect to any such non-cash consideration), then such conversion or disposition shall be deemed to constitute an Asset Sale hereunder and the Net Cash Proceeds thereof shall be applied in
accordance with this Section. 
  
 The Company may defer the Net
Proceeds Offer until there is an aggregate unutilized Net Proceeds Offer Amount equal to or in excess of $20.0 million resulting from one or more Asset Sales (at which time, the entire unutilized Net Proceeds Offer Amount, and not just the amount in
excess of $20.0 million, shall be applied as required pursuant to the preceding paragraph). 
  

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 Each Net Proceeds Offer will be mailed by the Company to the record Holders as shown on the register of
Holders within 25 days following the Net Proceeds Offer Trigger Date, with a copy to the Trustee, and shall comply with the procedures set forth in this Indenture. The notice to the Holders shall contain all instructions and materials necessary to
enable such Holders to tender Notes pursuant to the Net Proceeds Offer. Such notice shall state: 
  
 (1) that the Net Proceeds Offer is being made pursuant to this Section 4.11 and that (subject to the provisions hereof) all Notes tendered
will be accepted for payment; 
  
 (2) the
purchase price (including the amount of accrued and unpaid interest, if any) and the purchase date (which shall be the Net Proceeds Offer Payment Date); 
  
 (3) that any Note not tendered will continue to accrue interest; 
  
 (4) that, unless the Company defaults in making payment therefor, any Note accepted for payment pursuant to
the Net Proceeds Offer shall cease to accrue interest after the Net Proceeds Offer Payment Date; 
  
 (5) that Holders electing to have a Note purchased pursuant to a Net Proceeds Offer will be required to surrender the Note, with the form
entitled “Option of Holder To Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day prior to the Net Proceeds Offer Payment
Date; 
  
 (6) that Holders will be entitled to
withdraw their election if the Paying Agent receives, not later than 5:00 p.m., New York City time, on the second Business Day preceding the Net Proceeds Offer Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name
of the Holder, the principal amount of the Notes the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 
  
 (7) that Holders whose Notes are purchased only in part shall be issued new Notes in a principal amount
equal to the unpurchased portion of the Notes surrendered; provided, however, that each Note purchased and each new Note issued shall be in an original principal amount of $1,000 or integral multiples thereof; and 
  
 (8) the circumstances and relevant facts regarding such Net
Proceeds Offer. 
  
 Upon receiving notice of the Net Proceeds
Offer, Holders may elect to tender their Notes in whole or in part in integral multiples of $1,000 in exchange for cash. To the extent Holders properly tender Notes and holders of Pari Passu Indebtedness properly tender such Pari Passu Indebtedness
in an amount exceeding the Net Proceeds Offer Amount, the tendered Notes and Pari Passu Indebtedness will be purchased on a pro rata basis based on the aggregate amounts of Notes and Pari Passu Indebtedness tendered (and the Trustee shall
select the tendered Notes of tendering Holders on a pro rata basis based on the amount of Notes tendered). A Net Proceeds Offer shall remain open for a period of 20 Business Days or such longer period as may 

  

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be required by law. If any Net Cash Proceeds remain after the consummation of any Net Proceeds Offer, the Company may use those Net Cash Proceeds for any
purpose not otherwise prohibited by this Indenture. Upon completion of each Net Proceeds Offer, the amount of Net Cash Proceeds will be reset at zero. 
  

	SECTION 4.12. 	Limitations on Transactions with Affiliates. 

  
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any transaction or series of
related transactions (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service) with, or for the benefit of, any of its Affiliates (each, an “Affiliate Transaction”), other
than (x) Affiliate Transactions permitted under paragraph (b) below and (y) Affiliate Transactions on terms that are no less favorable than those that might reasonably have been obtained in a comparable transaction at such time on an
arm’s-length basis from a Person that is not an Affiliate of the Company or such Restricted Subsidiary. 
  
 All Affiliate Transactions (and each series of related Affiliate Transactions which are similar or part of a common plan) involving aggregate payments or
other property with a fair market value in excess of $10.0 million shall be approved by the Board of Directors of the Company or such Restricted Subsidiary, as the case may be, such approval to be evidenced by a Board Resolution stating that such
Board of Directors has determined that such transaction complies with the foregoing provisions. If the Company or any Restricted Subsidiary of the Company enters into an Affiliate Transaction (or a series of related Affiliate Transactions related to
a common plan) that involves an aggregate fair market value of more than $15.0 million, the Company or such Restricted Subsidiary, as the case may be, shall, prior to the consummation thereof, obtain a favorable opinion as to the fairness of such
transaction or series of related transactions to the Company or the relevant Restricted Subsidiary, as the case may be, from a financial point of view, from an Independent Financial Advisor and file the same with the Trustee. 
  
 (b) The restrictions set forth in this section shall not apply to:

  
 (1) reasonable fees and compensation paid to
and indemnity provided on behalf of officers, directors, employees or consultants of the Company or any Restricted Subsidiary of the Company as determined in good faith by the Company’s Board of Directors or senior management; 
  
 (2) transactions exclusively between or among the Company
and any of its Restricted Subsidiaries or exclusively between or among such Restricted Subsidiaries; provided that such transactions are not otherwise prohibited by this Indenture; 
  
 (3) sales or other transfers or dispositions of accounts
receivable and other related assets customarily transferred in an asset securitization transaction involving accounts receivable to a Receivables Entity in a Qualified Receivables Transaction, and acquisitions of Permitted Investments in connection
with a Qualified Receivables Transaction; 
  

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 (4) any agreement as in effect as of the Issue Date or any amendment thereto or any
transaction contemplated thereby (including pursuant to any amendment thereto) or in any replacement agreement thereto so long as any such amendment or replacement agreement is not materially more disadvantageous on the whole to the Holders than the
original agreement as in effect on the Issue Date; and 
  
 (5) Restricted Payments or Permitted Investments permitted by this Indenture; 
  
 (6) any transaction with a Person which would constitute an Affiliate Transaction solely because the Company or a Restricted Subsidiary
owns an equity interest in or otherwise controls such Person; provided that no Affiliate of the Company or any of its Subsidiaries other than the Company or a Restricted Subsidiary shall have a beneficial interest in such Person; and

  
 (7) (a) any transaction with an Affiliate
where the only consideration paid by the Company or any Restricted Subsidiary is Qualified Capital Stock or (b) the issuance or sale of any Qualified Capital Stock. 
  

	SECTION 4.13. 	Limitations on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. 

  
 The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, create or
otherwise cause or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary of the Company to 
  

(1) pay dividends or make any other distributions on or in respect of its Capital Stock; 
  
 (2) make loans or advances to the Company or any other
Restricted Subsidiary or pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary of the Company; or 
  
 (3) transfer any of its property or assets to the Company or any other Restricted Subsidiary of the Company, 
  
 except in each case for such encumbrances or restrictions existing under or by reason of

  
 (a) applicable law; 
  
 (b) this Indenture; 
  
 (c) customary non-assignment provisions of any contract or
any lease governing a leasehold interest of any Restricted Subsidiary of the Company; 
  
 (d) any instrument governing Acquired Indebtedness, which encumbrance or restriction is not applicable to any Person, or the properties or
assets of any Person, other than the Person or the properties or assets of the Person so acquired; 
  

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 (e) agreements existing on the Issue Date to the extent and in the manner such agreements
are in effect on the Issue Date; 
  
 (f) the
Credit Agreement; 
  
 (g) restrictions on the
transfer of assets subject to any Lien permitted under this Indenture imposed by the holder of such Lien; 
  
 (h) restrictions imposed by any agreement to sell assets or Capital Stock permitted under this Indenture to any Person pending the closing
of such sale; 
  
 (i) any Purchase Money Note or
other Indebtedness or contractual requirements incurred with respect to a Qualified Receivables Transaction relating exclusively to a Receivables Entity that, in the good faith determination of the Board of Directors, are necessary to effect such
Qualified Receivables Transaction; 
  
 (j)
customary provisions in joint venture agreements, partnership agreements, limited liability company, organizational and governance documents or other similar agreements (in each case relating solely to the respective joint venture, partnership,
limited liability company or similar entity or the equity interests therein) entered into in the ordinary course of business; 
  
 (k) an agreement governing Indebtedness incurred to Refinance the Indebtedness issued, assumed or incurred pursuant to an agreement
referred to in clauses (b), (d), (e) and (g) above; provided, however, that the provisions relating to such encumbrance or restriction contained in any such Indebtedness are not materially less favorable on the whole to the Company as
determined by the Board of Directors of the Company in its reasonable and good faith judgment than the provisions relating to such encumbrance or restriction contained in agreements referred to in such clauses (b), (d), (e) and (g); 
  
 (l) any other agreement governing Indebtedness entered into
after the Issue Date that contains encumbrances and restrictions (x) that are not materially more restrictive than those in effect on the Issue Date with respect to that Restricted Subsidiary pursuant to agreements in effect on the Issue Date, (y)
with respect to any Indebtedness incurred pursuant to clauses (14) and (15) of the definition of Permitted Indebtedness and the Consolidated Fixed Charge Coverage Ratio Provision of Section 4.08, that are not materially more restrictive than those
imposed pursuant to the Credit Agreement as in effect on the Issue Date (which may result in encumbrances upon a Restricted Subsidiary so long as such encumbrances or restrictions are not materially more restrictive taken as a whole than the
comparable encumbrances or restrictions that are applicable to the Company) or (z) that are not expected to make the Company unable to make principal or interest payments on the Notes, as determined in good faith by the Board of Directors of the
Company; 
  
 (m) Purchase Money Indebtedness or
Capitalized Lease Obligations incurred in compliance with Section 4.08; and 
  

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 (n) restrictions on cash or other deposits or net worth imposed by suppliers, customers
or landlords under contracts entered into in the ordinary course of business. 
  

	SECTION 4.14. 	Limitation on Guarantees by Restricted Subsidiaries. 

  
 The Company will not permit any of its Restricted Subsidiaries, directly or indirectly, by way of the pledge, intercompany note or otherwise, to assume,
guarantee or in any other manner become liable with respect to any Indebtedness of the Company or any Domestic Restricted Subsidiary of the Company (other than guarantees of Indebtedness under the Credit Agreement and of Hedging Obligations, which
guarantees are in effect on the Issue Date, and guarantees executed and delivered after the Issue Date from Restricted Subsidiaries having total assets with a book value of less than $10.0 million) unless, in any such case, such Restricted
Subsidiary executes and delivers a supplemental indenture to this Indenture, providing a guarantee of payment of the Notes by such Restricted Subsidiary. 
  

	SECTION 4.15. 	Additional Subsidiary Guarantees. 

  
 If the Company or any of its Restricted Subsidiaries organizes, acquires, transfers assets to or otherwise invests in any Domestic Restricted Subsidiary
such that, following such organization, acquisition, transfer or investment, the Domestic Restricted Subsidiary has total assets with a book value, in each case, equal to or in excess of $10.0 million, then such Restricted Subsidiary shall:

  
 (1) within ten Business Days execute and
deliver to the Trustee a supplemental indenture in form reasonably satisfactory to the Trustee pursuant to which such Restricted Subsidiary shall unconditionally guarantee all of the Company’s obligations under the Notes and this Indenture on
the terms set forth in this Indenture; and 
  
 (2) deliver to the Trustee an Opinion of Counsel that such supplemental indenture has been duly authorized, executed and delivered by such Restricted Subsidiary and constitutes a legal, valid, binding and enforceable obligation of such
Restricted Subsidiary. Thereafter, such Restricted Subsidiary shall be a Guarantor for all purposes of this Indenture. 
  
 In addition, the Company may, at its option, cause any other Subsidiary of the Company to guarantee its obligations under the Notes and this Indenture and
enter into a supplemental indenture with respect thereto. Notwithstanding the foregoing, this covenant shall not apply to any Receivables Entity. 
  

	SECTION 4.16. 	Limitation on Liens. 

  
 The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, assume or permit or
suffer to exist any Liens (the “Initial Lien”), other than Permitted Liens, of any kind against or upon any property or assets of the Company or any of its Restricted Subsidiaries whether owned on the Issue Date or acquired after
the Issue Date, or any proceeds therefrom, or assign or otherwise convey any right to 

  

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receive income or profits therefrom unless such Lien relates to assets not constituting Collateral and: 
  
 (1) in the case of Liens securing Subordinated Indebtedness,
the Notes or the Guarantee of such Guarantor, as the case may be, are secured by a Lien on such property, assets or proceeds that is senior in priority to such Liens; and 
  
 (2) in all other cases, the Notes or the Guarantee of such Guarantor, as the case may be, are equally and
ratably secured. 
  
 Any Lien created for the benefit of the
Holders of the Notes pursuant to the preceding sentence shall provide by its terms that such Lien shall be automatically released and discharged upon the release and discharge of the Initial Lien. 
  

	SECTION 4.17. 	Impairment of Security Interest. 

  
 The Company will not, and the Company will not permit any of its Domestic Subsidiaries that are guarantors under the Credit Agreement to, take, or
knowingly omit to take, any action, which action or omission would have the effect of causing a Lien to be created in favor of the First Priority Creditors on any property or assets that would constitute Collateral unless a Lien is created in favor
of the Trustee for the benefit of the Notes Secured Creditors with respect to such property or assets (which Lien in favor of the Notes Secured Creditors shall have the priority set forth in the Security Documents). 
  

	SECTION 4.18. 	Conduct of Business. 

  
 The Company and its Restricted Subsidiaries will not engage in any businesses other than a Permitted Business. 
  

	SECTION 4.19. 	Payments for Consent. 

  
 The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any consideration to or
for the benefit of any Holder of Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid and is paid to all Holders of the
Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement. 
  

	SECTION 4.20. 	Reports to Holders. 

  
 Whether or not required by the rules and regulations of the Commission, so long as any Notes are outstanding, the Company will furnish the Holders of
Notes: 
  
 (1) all quarterly and annual financial
information that would be required to be contained in a filing with the Commission on Forms 10-Q and 10-K if the Company were required to file such forms, including a “Management’s Discussion and Analysis of Financial Condition and Results
of Operations” that describes the financial condition and 

  

 -62- 

 
results of operations of the Company and its consolidated Subsidiaries (showing in reasonable detail, either on the face of the financial statements or in
the footnotes thereto and in “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the
financial condition and results of operations of the Unrestricted Subsidiaries of the Company, if any) and, with respect to the annual information only, a report thereon by the Company’s certified independent accountants; and 
  
 (2) all current reports that would be required to be filed
with the Commission on Form 8-K if the Company were required to file such reports, in each case within the time periods specified in the Commission’s rules and regulations. 
  
 Any such report filed with the Commission shall be deemed to have been furnished to the Holders of the Notes. In addition,
following the consummation of the Exchange Offer contemplated by the Registration Rights Agreement, whether or not required by the rules and regulations of the Commission, the Company will file a copy of all such information and reports with the
Commission for public availability within the time periods specified in the Commission’s rules and regulations (unless the Commission will not accept such a filing). In addition, the Company has agreed that, for so long as any Notes remain
outstanding, it will furnish to the Holders and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 
  

	SECTION 4.21. 	Post Closing Action Related to Collateral. 

  
 Notwithstanding anything to the contrary contained in this Indenture or the Security Documents, the parties hereto acknowledge and agree that the Company
and the relevant Subsidiary shall be required to take the following actions as promptly as reasonably practicable, and in any event 
  
 (a) within 90 days after the Issue Date with respect to paragraphs (i),(ii),(iii),(iv),(v) and (vii) below and within 120 days after the
Issue Date with respect to paragraphs (vi) below: 
  
 (i) fully executed counterparts of Mortgages, as appropriate which Mortgages shall cover the Mortgaged Property owned or leased by the Company or Subsidiary as designated on Annex A hereto, together with evidence that counterparts of
the Mortgages, have been delivered to the title insurance company insuring the Lien of such Mortgages for recording in all places to the extent necessary or, in the reasonable opinion of the Trustee, desirable to effectively create a valid and
enforceable junior-priority mortgage Lien on each Mortgaged Property in favor of the Trustee for the benefit of the Notes Secured Creditors, securing the Obligations under this Indenture, the Notes and the Security Documents (provided that in
jurisdictions that impose mortgage recording taxes, such Mortgages shall not secure indebtedness in an amount exceeding 100% of the fair market value of such Real Estate, as reasonably determined, in good faith, by the Company and reasonably
acceptable to the Trustee), subject to (i) those Liens, created by the Security Documents, (ii) those 

  

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Liens, encumbrances, hypothecs and other matters affecting title to such Mortgaged Property and found reasonably acceptable by the Trustee, (iii) as to any
particular Real Estate at any time, such easements, encroachments, covenants, rights of way, minor defects, irregularities or encumbrances on title which could not reasonably be expected to materially impair such Mortgaged Property for the purpose
for which it is held by the mortgagor or grantor thereof, or the Lien or hypothec held by the Trustee, (iv) zoning and other municipal ordinances which are not violated in any material respect by the existing improvements and the present use made by
the mortgagor or grantor thereof of the premises, (v) general real estate taxes and assessments not yet delinquent, (vi) such other similar items as the Trustee may consent to (such consent not to be unreasonably withheld), (vii) Permitted
Exceptions and (viii) the PBGC Liens; 
  
 (ii)
with respect to each Mortgage intended to encumber a Mortgaged Property, a policy of title insurance (or commitment to issue such a policy having the effect of a policy) in an amount not less than 100% of the fair market value of such Mortgaged
Property as reasonably determined, in good faith, by the Company and reasonably acceptable to the Trustee, (such policies collectively, “the Mortgage Policies”) issued by such title insurers, which reasonably assures the Trustee
that the Mortgages, as the case may be, on such Mortgaged Properties are valid and enforceable junior priority mortgage Liens on the respective Mortgaged Properties, free and clear of all defects and encumbrances except encumbrances described in
clauses (i) through (vii) of subparagraph (i) above and such Mortgage Policies shall otherwise be in form and substance reasonably satisfactory to the Trustee and shall include, as appropriate, to the extent available at commercially reasonably
rates, an endorsement for future advances and for any and all other matters that the Trustee may reasonably request, shall not include an exception for mechanics’ liens or creditors’ rights, and shall provide for affirmative insurance and
such reinsurance (including direct access agreements) as the Trustee may reasonably request; 
  
 (iii) surveys, in form and substance reasonably satisfactory to the Trustee, of each Mortgaged Property designated as a “Surveyed
Property” on Annex B hereto, dated a date acceptable to the Trustee and certified in a manner reasonably satisfactory to the Trustee by a licensed professional surveyor reasonably satisfactory to the Trustee; it being understood that any
surveys delivered in connection with requirements of the Credit Agreement shall be satisfactory to the extent such surveys shall be acceptable by the title insurance company to issue the coverage required pursuant to clause (ii) above; 

 
 (iv) duly authorized, fully executed, acknowledged and
delivered subordination, nondisturbance and attornment agreements, assignment of leases, landlord consents, tenant estoppel certificates and such other documents relating to the Mortgages that the Trustee may reasonably request, it being understood
that the foregoing shall be required to the extent the same was delivered in connection with the requirements in the Credit Agreement; 
  

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 (v) proper fixture filings under the UCC on Form UCC-1 or the equivalent fully executed
for filing under the UCC in the appropriate jurisdiction in which the Mortgaged Properties are located, desirable to perfect the security interests purported to be created by the Mortgage in favor of the Trustee for the benefit of the Notes Secured
Creditors; 
  
 (vi) the opinions, addressed to
the Trustee and the Notes Secured Creditors, of (1) Kirkland & Ellis LLP, special counsel to the Company or other special counsel or in-house counsel, as to the due authorization, execution and delivery of the Mortgages by the Company, and (2)
local counsel in each jurisdiction where Mortgaged Property is located, each in form and substance reasonably satisfactory to the Trustee; and 
  
 (vii) a pledge agreement under the law of the Netherlands providing for the pledge of 65% of the shares of Exide Global Holding
Netherlands C.V. to the Trustee for the benefit of the Notes Secured Creditors and an opinion of Netherlands counsel with respect to such pledge agreement, in each case, inform and substance reasonably satisfactory to the Trustee. 
  
 (b) Within ten Business Days after the Issue Date, the
Trustee shall have received to the extent not received on the Issue Date, UCC, judgment, tax lien, and Intellectual Property searches in the respective jurisdictions of the organization of the Company, (y) in the respective jurisdiction where the
chief executive offices of the Company are located and (z) in any other jurisdiction in which the Company store or maintain assets valued in excess of $500,000 in the aggregate; provided, however, that with respect to this clause searches will only
be conducted at the secretary of state level; provided, however, to the extent such searches reveal Liens on any Collateral, other than Permitted Liens and other Liens expressly permitted under this Indenture, the Company shall use its reasonable
best efforts to release such Liens as soon as reasonably practicable. 
  
 ARTICLE FIVE 
  
 SUCCESSOR CORPORATION 
  

	SECTION 5.01. 	Merger, Consolidation and Sale of Assets. 

  
 The Company will not, in a single transaction or series of related transactions, consolidate or merge with or into any Person, or sell, assign, transfer,
lease, convey or otherwise dispose of (or cause or permit any Restricted Subsidiary of the Company to sell, assign, transfer, lease, convey or otherwise dispose of) all or substantially all of the Company’s assets (determined on a consolidated
basis for the Company and the Company’s Restricted Subsidiaries) whether as an entirety or substantially as an entirety to any Person unless: 
  
 (1) either: 
  
 (a) the Company shall be the surviving or continuing corporation; or 
  

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 (b) the Person (if other than the Company) formed by such consolidation or into which the
Company is merged or the Person which acquires by sale, assignment, transfer, lease, conveyance or other disposition the properties and assets of the Company and of the Company’s Restricted Subsidiaries substantially as an entirety (the
“Surviving Entity”): 
  
 (x)
shall be a corporation organized and validly existing under the laws of the United States or any State thereof or the District of Columbia; and 
  
 (y) shall expressly assume, by supplemental indenture (in form and substance satisfactory to the Trustee) executed, and delivered to the
Trustee, the due and punctual payment of the principal of, and premium, if any, and interest on all of the Notes and the performance of every covenant of the Notes, this Indenture and the Registration Rights Agreement on the part of the Company to
be performed or observed. 
  
 (2) immediately
after giving effect to such transaction and the assumption contemplated by clause (1)(b)(y) above (including giving effect to any Indebtedness and Acquired Indebtedness incurred or anticipated to be incurred in connection with or in respect of such
transaction), the Company or such Surviving Entity, as the case may be, (i) shall be able to incur at least $1.00 of additional Subordinated Indebtedness (other than Permitted Indebtedness) pursuant to the Fixed Charge Coverage Ratio Provision
described under Section 4.08 or (ii) the Consolidated Fixed Charge Coverage Ratio of the Company or the Surviving Entity, as the case may be, would be greater than the Consolidated Fixed Charge Coverage Ratio of the Company immediately prior to such
transaction; 
  
 (3) immediately before and
immediately after giving effect to such transaction and the assumption contemplated by clause (1)(b)(y) above (including, without limitation, giving effect to any Indebtedness and Acquired Indebtedness incurred or anticipated to be incurred and any
Lien granted in connection with or in respect of the transaction), no Default or Event of Default shall have occurred or be continuing; and 
  
 (4) the Company or the Surviving Entity shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if a supplemental indenture or any Security Documents are required in connection with such transaction, such supplemental indenture or
the Security Documents, as the case may be, comply with the applicable provisions of this Indenture and that all conditions precedent in this Indenture relating to such transaction have been satisfied. 
  
 For purposes of the foregoing, (i) the transfer (by lease, assignment, sale
or otherwise, in a single transaction or series of transactions) of all or substantially all of the properties or assets of one or more Restricted Subsidiaries of the Company, the Capital Stock of which constitutes all or substantially all of the
properties and assets of the Company, shall be deemed to be the transfer of all or substantially all of the properties and assets of the Company. 
  

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 Notwithstanding the foregoing clauses (1), (2) and (3), the Company may (i) consolidate with, merge with
or into or transfer all or part of its properties and assets to any Restricted Subsidiary so long as the Company is the survivor of such merger or consolidation or all assets of the Company immediately prior to such transaction are owned by the
Company and/or such Restricted Subsidiary immediately after the consummation thereof and (ii) merge with an Affiliate that is a Person that has no material assets or liabilities prior to such merger and which was organized solely for the purpose of
(A) reorganizing the Company in another jurisdiction or (B) the creation of a holding company of the Company. 
  
 Each Guarantor, if any (other than any Guarantor whose Guarantee is to be released in accordance with the terms of the Guarantee and this Indenture in
connection with any transaction complying with the provisions of Section 4.11, will not, and the Company will not cause or permit any Guarantor to, consolidate with or merge with or into any Person other than the Company or any other Guarantor
unless: 
  
 (1) the entity formed by or surviving
any such consolidation or merger (if other than the Guarantor) or to which such sale, lease, conveyance or other disposition shall have been made is (A) a corporation organized and existing under the laws of the United States or any State thereof or
the District of Columbia or (B) is an entity organized and existing under the jurisdiction of organization of such Guarantor; 
  
 (2) such entity assumes by supplemental indenture all of the obligations of the Guarantor on the Guarantee; 
  
 (3) immediately after giving effect to such transaction, no
Default or Event of Default shall have occurred and be continuing; and 
  
 (4) immediately after giving effect to such transaction and the use of any net proceeds therefrom on a pro forma basis, the Company could satisfy the provisions of clause (2) of the first paragraph of this
Section 5.01. 
  
 Any merger or consolidation of a Guarantor with
and into the Company (with the Company being the surviving entity) or another Guarantor that is a Wholly Owned Restricted Subsidiary of the Company need only comply with clause (4) of the first paragraph of this Section 5.01. 
  
 The following additional conditions shall apply to each transaction described
above: 
  
 (1) the Company, such Guarantor or the
relevant Surviving Entity, as applicable, will cause to be filed such amendments or other instruments, if any, and cause to be recorded in such jurisdictions as may be required by applicable law to preserve and protect the Lien of the Security
Documents on the Collateral owned by or transferred to such Person, together with such financing statements as may be required to perfect any security interests in such Collateral that may be perfected by the filing of a financing statement under
the Uniform Commercial Code of the relevant states; 
  

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 (2) the Collateral owned by or transferred to the Company, such Guarantor or the relevant
Surviving Entity, as applicable, shall: (a) continue to constitute Collateral under this Indenture and the Security Documents; and (b) not be subject to any Lien other than Liens permitted by this Indenture and the Security Documents; 
  
 (3) the assets of the Person which is merged or consolidated
with or into the relevant Surviving Entity, to the extent that they are assets of the types which would constitute Collateral under the Security Documents and which would be required to be pledged thereunder, shall be treated as after acquired
property and such Surviving Entity shall take such action as may be reasonably necessary to cause such assets to be made subject to the Lien of the Security Documents in the manner and to the extent required in this Indenture; and 
  
 (4) the Company shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and, if a supplemental indenture or supplemental Security Documents, are required in connection with such transaction, such supplemental indenture and Security
Documents comply with the applicable provisions of this Indenture, that all conditions precedent in this Indenture relating to such transaction have been satisfied and that such supplemental indenture and Security Documents are enforceable, subject
to customary qualifications. 
  

	SECTION 5.02. 	Successor Corporation Substituted. 

  
 Upon any consolidation, combination or merger or any transfer of all or substantially all of the assets of the Company or any Guarantor, as the case may
be, in accordance with Section 5.01, in which the Company or any Guarantor, as the case may be, is not the continuing corporation, the successor Person formed by such consolidation or into which the Company or any Guarantor, as the case may be, is
merged or to which such conveyance, lease or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of the Company or any Guarantor, as the case may be, under this Indenture and either the Notes or the
Guarantee of such Guarantor, as the case may be, with the same effect as if such surviving entity had been named as such. When a successor Person assumes all of the obligations of the predecessor hereunder and under the Notes and the Security
Documents and agrees in writing to be bound hereby and thereby, the predecessor shall be released from such obligations. 
  
 ARTICLE SIX 
  
 DEFAULT AND REMEDIES 
  

	SECTION 6.01. 	Events of Default. 

  
 Each of the following is an “Event of Default”: 
  

(1) the failure to pay interest on any Notes when the same becomes due and payable and the default continues for a period of 30 days;

  

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 (2) the failure to pay the principal on any Notes, when such principal becomes due and
payable, at maturity, upon redemption or otherwise (including the failure to make a payment to purchase Notes tendered pursuant to a Change of Control Offer or a Net Proceeds Offer); 
  
 (3) a default in the observance or performance of any other covenant or agreement contained in this
Indenture which default continues for a period of 30 days after the Company receives written notice specifying the default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal
amount of the Notes (except in the case of a default with respect to Section 5.01, which will constitute an Event of Default with such notice requirement but without such passage of time requirement); 
  
 (4) the failure to pay at final Stated Maturity (giving
effect to any applicable grace periods and any extensions thereof) the stated principal amount of any Indebtedness of the Company or any Restricted Subsidiary of the Company, or the acceleration of the final Stated Maturity of any such Indebtedness
(which acceleration is not rescinded, annulled or otherwise cured within 20 days of receipt by the Company or such Restricted Subsidiary of notice of any such acceleration), if the aggregate principal amount of such Indebtedness, together with the
principal amount of any other such Indebtedness in default for failure to pay principal at final Stated Maturity or which has been accelerated (in each case with respect to which the 20-day period described above has elapsed), aggregates $20.0
million or more at any time; 
  
 (5) one or more
judgments in an aggregate amount in excess of $20.0 million shall have been rendered against the Company or any of its Restricted Subsidiaries and such judgments remain undischarged, unpaid or unstayed for a period of 60 days after such judgment or
judgments become final and non-appealable and, in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon such judgment or decree which is not promptly stayed; 
  
 (6) the Company or any of its Significant Subsidiaries
pursuant to or under or within the meaning of any Bankruptcy Law: 
  
 (i) commences a voluntary case or proceeding; 
  
 (ii) consents to the entry of an order for relief against it in an involuntary case or proceeding; 
  
 (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property; or 
  
 (iv) makes a general assignment for the benefit of its
creditors. 
  

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 (7) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law
that: 
  
 (i) is for relief against the Company
or any of its Significant Subsidiaries in an involuntary case or proceeding, 
  
 (ii) appoints a Custodian of the Company or any of its Significant Subsidiaries for all or substantially all of its properties taken as a whole, or 
  
 (iii) orders the liquidation of the Company or any of its Significant Subsidiaries; 
  
 (8) any Guarantee of a Significant Subsidiary ceases to be
in full force and effect or any Guarantee of a Significant Subsidiary is declared to be null and void and unenforceable or any Guarantee of a Significant Subsidiary is found to be invalid or any Guarantor that is a Significant Subsidiary denies its
liability under its Guarantee (other than by reason of release of a Guarantor in accordance with the terms of this Indenture); 
  
 (9) a default by the Company or any Guarantor in the performance of any of their respective obligations under the Security Documents that
materially and adversely affects the enforceability, validity, perfection or priority of the Lien on a material portion of the Collateral, which default continues for a period of 30 days after the Company receives written notice specifying the
default (and demanding that such default be remedied); or 
  
 (10) except as permitted by the Security Documents and the provisions of this Indenture, any of the Security Documents is repudiated or disaffirmed by the Company or ceases to be in full force and effect or ceases to
be effective, in all material respects, to create the Lien purported to be created in the Collateral (excluding immaterial portions thereof) in favor of the Holders of the Notes. 
  

	SECTION 6.02. 	Acceleration. 

  
 If an Event of Default (other than an Event of Default specified in Section 6.01(6) and (7) above with respect to the Company) shall occur and be
continuing, the Trustee or the Holders of at least 25% in principal amount of outstanding Notes may declare the principal of, premium, if any, and accrued interest on all the Notes to be due and payable by notice in writing to the Company and the
Trustee specifying the respective Event of Default and that it is a “notice of acceleration,” and the same shall become immediately due and payable. 
  

If an Event of Default specified in Section 6.01(6) and (7) with respect to the Company occurs and is continuing, then all unpaid principal of, and
premium, if any, and accrued and unpaid interest on all of the outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 
  
 The Holders of at least a majority in principal amount of the outstanding
Notes by written notice to the Company and to the Trustee, may waive all past defaults and rescind and cancel a declaration of acceleration and its consequences: 
  
 (1) if the rescission would not conflict with any judgment or decree; 
  

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

  
 (4) if the Company has paid the Trustee its
reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances; and 
  
 (5) in the event of the cure or waiver of an Event of Default of the type described in Sections 6.01(6) and (7), the Trustee shall have
received an Officers’ Certificate and an Opinion of Counsel that such Event of Default has been cured or waived. 
  
 No such rescission shall affect any subsequent Default or impair any right consequent thereto. 
  

	SECTION 6.03. 	Other Remedies. 

  
 If a Default occurs and is continuing, the Trustee may, subject to the provisions of the Intercreditor Agreement, pursue any available remedy by
proceeding at law or in equity to collect the payment of principal of, or interest on, the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
  
 The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon a Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Default. No remedy is exclusive of any other
remedy. All available remedies are cumulative to the extent permitted by law. 
  

	SECTION 6.04. 	Waiver of Past Defaults. 

  
 Subject to Sections 2.09, 6.07 and 9.02, the Holders of a majority in principal amount of the outstanding Notes (which may include consents obtained in
connection with a tender offer or exchange offer of Notes) by notice to the Trustee may waive an existing Default or Event of Default under this Indenture, and its consequences, except a Default in the payment of the principal of or interest on any
Note as specified in Section 6.01(1) or (2). The Company shall deliver to the Trustee an Officers’ Certificate stating that the requisite percentage of Holders have consented to such waiver and attaching copies of such consents. When a Default
is waived, it is cured and ceases. 
  

	SECTION 6.05. 	Control by Majority. 

  
 The Holders of at least a majority in principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee or exercising any trust or power conferred on it. Subject to Section 7.01, however, 

  

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the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that may involve the Trustee in personal liability, or that the
Trustee determines in good faith may be unduly prejudicial to the rights of another Holder; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event
the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction. 
  

	SECTION 6.06. 	Limitation on Suits. 

  
 No Holder will have any right to institute any proceeding with respect to this Indenture or for any remedy thereunder, unless: 
  
 (1) the Holder gives the Trustee written notice of a
continuing Event of Default; 
  
 (2) the Holders
of at least 25% in aggregate principal amount of outstanding Notes make a written request to the Trustee to pursue the remedy; 
  
 (3) such Holder or Holders offer the Trustee indemnity satisfactory to the Trustee against any costs, liability or expense; 
  
 (4) the Trustee does not comply with the request within 60
days after receipt of the request and the offer of indemnity; and 
  
 (5) during such 60-day period, the Holders of a majority in aggregate principal amount of the outstanding Notes do not give the Trustee a direction that is inconsistent with the request. 
  
 (6) However, such limitations do not apply to a suit
instituted by a Holder of any Note for enforcement of payment of the principal of or interest on such Note on or after the due date therefor. 
  
 A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over such other Holder. 
  

	SECTION 6.07. 	Rights of Holders To Receive Payment. 

  
 Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of and premium, if any, and interest on, a
Note, on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of the Holder. 
  

	SECTION 6.08. 	Collection Suit by Trustee. 

  
 If a Default in payment of principal or interest specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own
name and as trustee of an express trust against the Company or any other obligor on the Notes for the whole amount of 

  

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principal and accrued interest and fees remaining unpaid, together with interest on overdue principal and, to the extent that payment of such interest is
lawful, interest on overdue installments of interest, in each case at the rate per annum borne by the Notes and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel. 
  

	SECTION 6.09. 	Trustee May File Proofs of Claim. 

  
 The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relating to the Company, their creditors or their property and shall be
entitled to participate as a member, voting or otherwise, of any official committee of creditors appointed in such judicial proceedings (subject to the provisions of the Intercreditor Agreement) and shall be empowered to collect and receive any
monies or other property payable or deliverable on any such claims and to distribute the same, and any Custodian in any such judicial proceedings is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the
Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agent and counsel, and any other
amounts due the Trustee under Section 7.07. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition
affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. The Trustee shall be entitled to participate as a member of any official committee of
creditors in the matters as it deems necessary or advisable. 
  

	SECTION 6.10. 	Priorities. 

  
 Subject to the requirements of the Intercreditor Agreement or any successor agreement thereto to which the Trustee is party and by which it is bound, if
the Trustee collects any money or property pursuant to this Article Six or any Security Document, it shall pay out the money or property in the following order: 
  
 First: to the Trustee for amounts due under Section 7.07; 
  
 Second: to Holders for interest accrued on the Notes,
ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for interest; 
  
 Third: to Holders for principal amounts due and unpaid on the Notes, ratably, without preference or priority of any kind, according to the
amounts due and payable on the Notes for principal; and 
  
 Fourth: to the Company or, if applicable, the Guarantors, as their respective interests may appear. 
  

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 The Trustee, upon prior notice to the Company, may fix a record date and payment date for any payment to
Holders pursuant to this Section 6.10. 
  

	SECTION 6.11. 	Undertaking for Costs. 

  
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section
6.07, or a suit by a Holder or Holders of more than 10% in principal amount of the outstanding Notes 
  

	SECTION 6.12. 	Appointment and Authorization of Trustee as Collateral Agent. 

  
 (a) The Trustee is hereby designated and appointed as the collateral agent of the Holders under the Security Documents, and is authorized as the
collateral agent for such Holders to execute and enter into each of the security Documents and all other instruments relating to the Security Documents and (i) to take action on the Holders’ behalf and exercise such powers and use such
discretion as are expressly permitted hereunder and under the Security Documents and all instruments relating hereto and thereto and (ii) to exercise such powers and perform such duties as are in each case, expressly delegated to the Trustee as
collateral agent by the terms hereof and thereof together with such other powers and discretion as are reasonably incidental hereto and thereto. 
  
 (b) Notwithstanding any provision to the contrary elsewhere in this Indenture or the Security Documents, the Trustee shall not have any duties or
responsibilities except those expressly set forth herein or therein or any fiduciary relationship with any Holder, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Indenture or any
Security Document or otherwise exist against the Trustee. 
  
 ARTICLE SEVEN 
  
 TRUSTEE 
  

	SECTION 7.01. 	Duties of Trustee. 

  
 (a) If a Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture or the Security
Documents 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 his or her own affairs. 
  

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 (b) Except during the continuance of a Default: 
  
 (1) The Trustee need perform only those duties as are
specifically set forth herein, in the Security Documents, or in the Trust Indenture Act and no duties, covenants, responsibilities or obligations shall be implied in this Indenture or in the Security Documents against the Trustee. 
  
 (2) In the absence of bad faith on its part, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates (including Officers’ Certificates) or opinions (including Opinions of Counsel) furnished to the Trustee and conforming
to the requirements of this Indenture or any of the Security Documents. However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the
certificates and opinions to determine whether or not they conform to the requirements of this Indenture or any of the Security Documents. 
  
 (c) Notwithstanding anything to the contrary herein, the Trustee may not be relieved from liability for its own negligent action, its own negligent
failure to act, or its own willful misconduct, except that: 
  
 (1) This paragraph does not limit the effect of Section 7.01(b). 
  
 (2) The Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the
Trustee was negligent in ascertaining the pertinent facts. 
  
 (3) The Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05. 
  
 (d) No provision of this Indenture or under any of the Security Documents
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 under any of the Security Documents or to take or omit to take any action under this Indenture
or any of the Security Documents or take any action at the request or direction of Holders if it shall have reasonable grounds for believing that repayment of such funds is not assured to it. 
  
 (e) Whether or not therein expressly so provided, every provision of this
Indenture or under any of the Security Documents that in any way relates to the Trustee is subject to this Section 7.01. 
  
 (f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in
trust by the Trustee need not be segregated from other funds except to the extent required by law. 
  
 (g) In the absence of bad faith, negligence or willful misconduct on the part of the Trustee, the Trustee shall not be responsible for the application of
any money by any Paying Agent other than the Trustee. 
  

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 (h) The Trustee shall not be liable for any action or failure to act on the part of a co-trustee,
separate trustee or separate collateral agent appointed pursuant to Section 7.12. 
  

	SECTION 7.02. 	Rights of Trustee Under this Indenture and the Security Documents. 

  
 Subject to Section 7.01: 
  
 (a) The Trustee may rely conclusively on any resolution, certificate (including any Officers’ Certificate), statement, instrument,
opinion (including any Opinion of Counsel), notice, request, direction, consent, order, bond, debenture, or other paper or document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not
investigate any fact or matter stated in the document. 
  
 (b) Before the Trustee acts or refrains from acting hereunder, or under any Security Documents, it may require an Officers’ Certificate and an Opinion of Counsel, which shall conform to the provisions of Section 11.05. The Trustee
shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. 
  
 (c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent (other
than an agent who is an employee of the Trustee) appointed with due care. 
  
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it reasonably believes to be authorized or within its rights or powers. 
  
 (e) The Trustee may consult with counsel of its selection
and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder or under the Security Documents in good faith
and in accordance with the advice or opinion of such counsel. 
  
 (f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture or under the Security Documents at the request, order or direction of any of the Holders pursuant to
the provisions of this Indenture or under the Security Documents, unless such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred therein or
thereby. 
  
 (g) The Trustee shall not be bound
to make any investigation into the facts or matters stated in any resolution, certificate (including any Officers’ Certificate), statement, instrument, opinion (including any Opinion of Counsel), notice, request, direction, consent, order,
bond, debenture, 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, upon reasonable notice to the Company, to examine the books, records, 

  

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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. 
  
 (h) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder or under the Security Documents. 
  
 (i) The permissive rights of the Trustee to do things enumerated in this Indenture or in the Security
Documents shall not be construed as duties. 
  
 (j) Except with respect to Sections 4.01 and 4.05, the Trustee shall have no duty to inquire as to the performance of the Company with respect to the covenants contained in Article Four or any covenant contained in any Security Document. In
addition, the Trustee shall not be deemed to have knowledge of an Event of Default except (i) any Default or Event of Default occurring pursuant to Sections 4.01, 6.01(1) or 6.01(2) or (ii) any Default or Event of Default known to a Responsible
Officer. 
  
 (k) The Trustee shall have no duty
(i) to cause the maintenance of any insurance, (ii) to see to the payment or discharge of any tax, charge or Lien levied against any part of the Collateral, or (iii) to see to the filing or refiling of any Security Documents. 
  
 (l) The rights, privileges, protections, immunities and
benefits given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder or in the
Security Documents. 
  
 (m) The Trustee shall be
under no obligation to the Holders to ascertain or to inquire as to the observance or performance of any of the agreements contained in, statements made in, or conditions of any Security Document or to inspect the property (including the books and
records) of the Company. 
  

	SECTION 7.03. 	Individual Rights of Trustee. 

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

	SECTION 7.04. 	Trustee’s Disclaimer. 

  
 The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture, the Security Documents, the
Collateral or the Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes or any other money paid to or at the direction of the Company under any provision of this Indenture, and it shall not be responsible for
any statement of the Company in this Indenture or any document issued in connection with the sale of Notes or any statement in the Notes other than the Trustee’s certificate 

  

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of authentication. The Trustee makes no representations with respect to the effectiveness or adequacy of this Indenture or the Security Documents.

  

	SECTION 7.05. 	Notice of Default. 

  
 If a Default occurs and is continuing and is deemed to be known to the Trustee pursuant to Section 7.02(j), the Trustee shall mail to each Holder notice
of the uncured Default within 30 days after such Default occurs. Except in the case of a Default in payment of principal of, or interest on, any Note, including an accelerated payment and the failure to make a payment on a Payment Date pursuant to
an Offer to Purchase or a Default in complying with the provisions of Article Five, the Trustee may withhold the notice if and so long as the Board of Directors, the executive committee, or a committee of directors and/or Responsible Officers, of
the Trustee in good faith determines that withholding the notice is in the interest of the Holders. 
  

	SECTION 7.06. 	Reports by Trustee to Holders. 

  
 Within 60 days after each May 15, beginning with May 15, 2006, the Trustee shall, to the extent that any of the events described in Trust Indenture Act
§ 313(a) occurred within the previous twelve months, but not otherwise, mail to each Holder a brief report dated as of such date that complies with Trust Indenture Act § 313(a). The Trustee also shall comply with Trust Indenture Act
§§ 313(b), 313(c) and 313(d). 
  
 A copy of each report
at the time of its mailing to Holders shall be mailed to the Company and filed with the Commission and each securities exchange, if any, on which the Notes are listed. 
  
 The Company shall notify the Trustee if the Notes become listed on any securities exchange or of any delisting thereof and
the Trustee shall comply with Trust Indenture Act § 313(d). 
  

	SECTION 7.07. 	Compensation and Indemnity. 

  
 The Company shall pay to the Trustee from time to time such compensation as the Company and the Trustee shall from time to time agree in writing for its
services hereunder and under the Security Documents. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable
disbursements, expenses and advances (including reasonable fees and expenses of counsel) incurred or made by it in addition to the compensation for its services, except any such disbursements, expenses and advances as may be attributable to the
Trustee’s negligence, bad faith or willful misconduct. Such expenses shall include the reasonable fees and expenses of the Trustee’s agents, counsel, accountants and experts. 
  
 The Company shall indemnify each of the Trustee or any predecessor Trustee and its officers, directors, employees and agents
for, and hold them harmless against, any and all loss, damage, claims including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), liability or expense incurred by them except for such actions to the extent
caused by any negligence, bad faith or willful misconduct on their part, arising out of or in 

  

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connection with the acceptance or administration of this trust including the reasonable costs and expenses of defending themselves against or investigating
any claim or liability in connection with the exercise or performance of any of the Trustee’s rights, powers or duties hereunder and under the Security Documents. The Trustee shall notify the Company promptly of any claim asserted against the
Trustee or any of its agents for which it may seek indemnity. The Company may, subject to the approval of the Trustee (which approval shall not be unreasonably withheld), defend the claim and the Trustee shall cooperate in the defense. The Trustee
and its agents subject to the claim may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel; provided, however, that the Company will not be required to pay such fees and expenses if,
subject to the approval of the Trustee (which approval shall not be unreasonably withheld), it assumes the Trustee’s defense and there is no conflict of interest between the Company and the Trustee and its agents subject to the claim in
connection with such defense as reasonably determined by the Trustee. The Company need not pay for any settlement made without its written consent. The Company need not reimburse any expense or indemnify against any loss or liability to the extent
incurred by the Trustee through its negligence, bad faith or willful misconduct. 
  
 To secure the Company’s payment obligations in this Section 7.07, the Trustee shall have a Lien prior to the Notes against all money or property held or collected by the Trustee, in its capacity as Trustee or
collateral agent, except money or property held in trust to pay principal and interest on particular Notes. 
  
 When the Trustee incurs expenses or renders services after a Default specified in Section 6.01(6) occurs, such expenses and the compensation for such
services shall be paid to the extent allowed under any Bankruptcy Law. 
  
 Notwithstanding any other provision in this Indenture, the foregoing provisions of this Section 7.07 shall survive the satisfaction and discharge of this Indenture, the resignation or removal of the Trustee or the appointment of a successor
Trustee. 
  

	SECTION 7.08. 	Replacement of Trustee. 

  
 The Trustee may resign at any time by so notifying the Company in writing. The Holders of a majority in principal amount of the outstanding Notes may
remove the Trustee by so notifying the Company and the Trustee and may appoint a successor Trustee. The Company may remove the Trustee if: 
  
 (1) the Trustee fails to comply with Section 7.10; 
  
 (2) the Trustee is adjudged a bankrupt or an insolvent; 
  
 (3) a receiver or other public officer takes charge of the
Trustee or its property; or 
  
 (4) the Trustee
becomes incapable of acting. 
  

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 If the Trustee resigns or is removed, such resignation or removal will automatically constitute, without
any further action by the Trustee, a resignation or removal of the Trustee in any capacity under each of the Security Documents and a release of all obligations of the Trustee under any of the Security Documents. 
  
 If the Trustee resigns or is removed or if a vacancy exists in the office of
Trustee for any reason, the Company shall notify each Holder of such event and shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the Notes may
appoint a successor Trustee to replace the successor Trustee appointed by the Company. 
  
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer, after payment of all sums then owing
to the Trustee pursuant to Section 7.07, all property held by it as Trustee to the successor Trustee, subject to the Lien provided in Section 7.07, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee
shall have all the rights, powers and duties of the Trustee under this Indenture and under the Security Documents. A successor Trustee shall mail notice of its succession to each Holder. 
  
 If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring
Trustee, the Company or the Holders of at least 10% in principal amount of the outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense of the Company. 
  
 If the Trustee fails to comply with Section 7.10, any Holder may petition any
court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
  
 Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 shall continue for the benefit
of the retiring Trustee. 
  

	SECTION 7.09. 	Successor Trustee by Merger, Etc. 

  
 If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation,
the resulting, surviving or transferee corporation without any further act shall, if such resulting, surviving or transferee corporation is otherwise eligible hereunder, be the successor Trustee; provided that such corporation shall be
otherwise qualified and eligible under this Article Seven. 
  

	SECTION 7.10. 	Eligibility; Disqualification. 

  
 This Indenture shall always have a Trustee who satisfies the requirement of Trust Indenture Act §§ 310(a)(1), 310(a)(2) and 310(a)(5). The
Trustee shall have a combined capital and surplus of at least $150,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with Trust Indenture Act § 310(b); provided, however, that
there shall be excluded from the operation of Trust Indenture Act § 310(b)(1) any indenture or indentures under which other securities, or certificates of interest or participation in other securities, 

  

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of the Company are outstanding, if the requirements for such exclusion set forth in Trust Indenture Act § 310(b)(1) are met. The provisions of Trust
Indenture Act § 310 shall apply to the Company and any other obligor of the Notes. 
  

	SECTION 7.11. 	Preferential Collection of Claims Against the Company. 

  
 The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act § 311(a), excluding any creditor relationship listed in
Trust Indenture Act § 311(b). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act § 311(a) to the extent indicated. 
  

	SECTION 7.12. 	Co-trustees, Separate Trustee, Collateral Agent. 

  
 At any time or times, for the purpose of meeting the Legal Requirements of any jurisdiction in which any of the Collateral may at the time be located, the
Company and the Trustee shall have power to appoint, and, upon the written request of the Trustee or of the Holders of at least 25% of the outstanding principal amount of the Notes, the Company shall for such purpose join with the Trustee in the
execution, delivery and performance of all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Trustee either to act as co-trustee, jointly with the Trustee, or to act as separate trustee or collateral
agent of any such property, in either case with such powers as may be provided in the instrument of appointment, and to vest in such Person or Persons in the capacity aforesaid, any property, title, right or power deemed necessary or desirable,
subject to the other provisions of this Section 7.12. If the Company does not join in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default has occurred and is continuing, the Trustee alone
shall have power to make such appointment. 
  
 Should any written
instrument from the Company be requested by any co-trustee or separate trustee or separate collateral agent so appointed for more fully confirming to such co-trustee or separate trustee such property, title, right or power, any and all such
instruments shall, on request of such co-trustee or separate trustee or separate collateral agent, be executed, acknowledged and delivered by the Company. 
  
 Any co-trustee, separate trustee or separate collateral agent shall agree in writing to be and shall be subject to the provisions of the Security
Documents as if it were the Trustee thereunder (and the Trustee shall continue to be so subject). 
  
 Every co-trustee or separate trustee or separate collateral agent shall, to the extent permitted by law, but to such extent only, be appointed subject to
the following terms, namely: 
  
 (a) The Notes
shall be authenticated and delivered, and all rights, powers, duties and obligations hereunder in respect of the custody of securities, cash and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder,
shall be exercised solely, by the Trustee. 
  
 (b) The rights, powers, duties and obligations hereby conferred or imposed upon the Trustee in respect of any property covered by such appointment shall be 

  

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conferred or imposed upon and exercised or performed by the Trustee or by the Trustee and such co-trustee or separate trustee jointly, or by the Trustee and
such separate collateral agent or collateral agent jointly as shall be provided in the instrument appointing such co-trustee, separate trustee or separate collateral agent, except to the extent that under any law of any jurisdiction in which any
particular act is to be performed, the Trustee shall be incompetent or unqualified to perform such act, in which event such rights, powers, duties and obligations shall be exercised and performed by such co-trustee, separate trustee or separate
collateral agent. 
  
 (c) The Trustee at any
time, by an instrument in writing executed by it, with the concurrence of the Company evidenced by a Board Resolution, may accept the resignation of or remove any co-trustee, separate trustee or separate collateral agent appointed under this Section
7.12, and, in case an Event of Default has occurred and is continuing, the Trustee shall have power to accept the resignation of, or remove, any such co-trustee, separate trustee or separate collateral agent without the concurrence of the Company.
Upon the written request of the Trustee, the Company shall join with the Trustee in the execution, delivery and performance of all instruments and agreements necessary or proper to effectuate such resignation or removal. A successor to any
co-trustee, separate trustee or separate collateral agent so resigned or removed may be appointed in the manner provided in this Section 7.12. 
  
 (d) No co-trustee, separate trustee or separate collateral agent hereunder shall be liable by reason of any act or omission of the
Trustee, or any other such trustee hereunder. 
  
 (e) The Trustee shall not be liable by reason of any act or omission of any co-trustee, separate trustee or separate collateral agent. 
  
 (f) Any act of Holders delivered to the Trustee shall be deemed to have been delivered to each such co-trustee, separate trustee or
separate collateral agent, as the case may be. 
  
 ARTICLE EIGHT

  
 DISCHARGE OF INDENTURE; DEFEASANCE 
  

	SECTION 8.01. 	Termination of the Company’s Obligations. 

  
 The Company may terminate its obligations under the Notes and this Indenture and the obligations of the Guarantors, if any, under the Guarantees and this
Indenture and this Indenture shall cease to be of further effect, except those obligations referred to in the penultimate paragraph of this Section 8.01, if: 
  

(1) either: 
  
 (a) all the Notes theretofore authenticated and delivered (except lost, stolen or destroyed Notes which have been replaced or paid and
Notes for whose 

  

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payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from
such trust) have been delivered to the Trustee for cancellation; or 
  
 (b) all Notes not theretofore delivered to the Trustee for cancellation (1) have become due and payable or (2) will become due and payable within one year, or are to be called for redemption within one year, under
arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, and the Company has irrevocably deposited or caused to be deposited with the Trustee funds in
an amount sufficient to pay and discharge the entire Indebtedness on the Notes not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to the date of maturity or redemption, as the case
may be, together with irrevocable instructions from the Company directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; 
  
 (2) the Company has paid all other sums payable under this Indenture by the Company; and 
  
 (3) the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 
  
 With respect to the foregoing, the Company’s obligations in Sections
2.05, 2.06, 2.07, 2.08, 4.01, 4.02, 4.03 (as to legal existence of the Company only), 7.07, 8.05 and 8.06 shall survive until the Notes are no longer outstanding pursuant to the last paragraph of Section 2.08. After the Notes are no longer
outstanding, the Company’s obligations in Sections 7.07, 8.05 and 8.06 shall survive. 
  
 After such delivery or irrevocable deposit, the Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations under the Notes and this Indenture except for those surviving
obligations specified above. 
  

	SECTION 8.02. 	Legal Defeasance and Covenant Defeasance. 

  
 (a) The Company may, at its option and at any time, elect to have either paragraph (b) or (c) below be applied to all outstanding Notes upon compliance
with the conditions set forth in Section 8.03. 
  
 (b) Upon the
exercise under Section 8.02(a) hereof of the option applicable to this Section 8.02(b), the Company and the Guarantors, if any, shall, subject to the satisfaction of the conditions set forth in Section 8.03, be deemed to have been discharged from
their obligations with respect to all outstanding Notes on the date the conditions set forth below are satisfied (hereinafter, (“Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and the Guarantors shall
be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes and Guarantees, which shall thereafter be deemed to be 

  

 -83- 

 
“outstanding” only for the purposes of Section 8.04 hereof and the other Sections of this Indenture referred to in (i) and (ii) below, and to have
satisfied all its other obligations under such Notes, this Indenture and the Security Documents and the Guarantors shall be deemed to have satisfied all of their obligations under the Guarantees and this Indenture (and the Trustee, on demand of and
at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: 
  
 (i) the rights of Holders of outstanding Notes to receive,
solely from the trust fund described in Section 8.04, and as more fully set forth in such Section 8.04, payments in respect of the principal of, premium, if any, and interest on such Notes when such payments are due; 
  
 (ii) the Company’s obligations with respect to such
Notes under Article Two and Section 4.02 hereof; 
  
 (iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s obligations in connection therewith; and 
  
 (iv) the provisions of this Article Eight applicable to Legal Defeasance. 
  
 Subject to compliance with this Article Eight, the Company may exercise its option under this Section 8.02(b)
notwithstanding the prior exercise of its option under Section 8.02(c). 
  
 (c) Upon the Company’s exercise under paragraph (a) hereof of the option applicable to this paragraph (c), the Company and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.03, be released from
their respective obligations under the covenants contained in Sections 4.03 (other than with respect to the legal existence of the Company), 4.04, 4.07 through 4.16 and clause (2) of Section 5.01(a) Article Eleven, Article Twelve and the Security
Documents with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.03 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding”
for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it
being understood that such Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the Company and the Subsidiary Guarantors may omit to comply with and
shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such
covenant to any other provision herein or in any other document and such omission to comply shall not constitute an Event of Default under Section 6.01, but, except as specified above, the remainder of this Indenture and such Notes shall be
unaffected thereby. In addition, upon the Company’s exercise under paragraph (a) hereof of the option applicable to this paragraph (c), subject to the satisfaction of the conditions set forth in Section 8.03, clauses (3), (4) and (5) of Section
6.01 shall not constitute Events of Default. 
  

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	SECTION 8.03. 	Conditions to Legal Defeasance or Covenant Defeasance. 

  
 The following shall be the conditions to the application of either Section 8.02(b) or 8.02(c) hereof to the outstanding Notes: 
  
 (1) the Company must irrevocably deposit with the Trustee,
in trust, for the benefit of the Holders, U.S. Legal Tender, U.S. Government Obligations, U.S. Government Securities or a combination thereof, in such amounts as will be sufficient without reinvestment, in the opinion of a nationally recognized firm
of independent public accountants selected by the Company to pay the principal of, premium, if any, and interest on the Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be; 
  
 (2) in the case of Legal Defeasance, the Company shall have
delivered to the Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that: 
  
 (a) the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 
  
 (b) since the date of this Indenture, there has been a
change in the applicable U.S. federal income tax law, 
  
 in
either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S.
federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
  
 (3) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States
reasonably acceptable to the Trustee confirming that the Holders will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts,
in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
  
 (4) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or an Event of
Default resulting from the borrowing of funds to be applied to such deposit and the grant of any Lien securing such borrowings); 
  
 (5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of or constitute a default under this Indenture
or a default under this Indenture (other than a Default or an Event of Default resulting from the borrowing of funds to be applied to such deposit and the grant of any Lien securing such borrowings) or any other material agreement or instrument to
which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound (other 

  

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than any such Default or default resulting solely from the borrowing of funds to be applied to such deposit); 
  
 (6) the Company shall have delivered to the Trustee an
Officers’ Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors
of the Company or others; 
  
 (7) the Company
shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for in, in the case of the Officers’ Certificate, clauses (1) through (6), as applicable, and, in
the case of the Opinion of Counsel, clauses (2), if applicable, and/or (3) and (5) of this Section 8.03 have been complied with; 
  
 (8) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that assuming no intervening bankruptcy of the
Company between the date of deposit and the 91st day following the date of deposit and that no Holder is an insider of the Company, after the 91st day following the date of deposit, the trust funds will not be subject to the effect of any applicable
bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally; and 
  
 (9) certain other customary conditions precedent are satisfied. 
  
 Notwithstanding the foregoing, the Opinion of Counsel required by clause (2) of this Section 8.03 with respect to a Legal
Defeasance need not be delivered if all Notes not theretofore delivered to the Trustee for cancellation (1) have become due and payable or (2) will become due and payable on the Stated Maturity date or redemption date within one year under
arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company. 
  

	SECTION 8.04. 	Application of Trust Money. 

  
 The Trustee or Paying Agent shall hold in trust U.S. Legal Tender and U.S. Government Obligations deposited with it pursuant to this Article Eight, and
shall apply the deposited U.S. Legal Tender and the money from U.S. Government Obligations in accordance with this Indenture to the payment of the principal of and the interest on the Notes. The Trustee shall be under no obligation to invest said
U.S. Legal Tender and U.S. Government Obligations, except as it may agree with the Company. 
  
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Legal Tender and U.S. Government Obligations deposited pursuant to Section 8.03 or the
principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes. 
  
 Anything in this Article Eight to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to
time upon the Company’s request any U.S. Legal 

  

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Tender and U.S. Government Obligations held by it as provided in Section 8.03 which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 
  

	SECTION 8.05. 	Repayment to the Company. 

  
 The Trustee and the Paying Agent shall pay to the Company upon request any money held by them for the payment of principal or interest that remains
unclaimed for two years; provided, however, that the Trustee or such Paying Agent, before being required to make any payment, may at the expense of the Company cause to be published once in a newspaper of general circulation in the
City of New York or mail to each Holder entitled to such money notice that such money remains unclaimed and that after a date specified therein which shall be at least 30 days from the date of such publication or mailing any unclaimed balance of
such money then remaining will be repaid to the Company. After payment to the Company, Holders entitled to such money must look to the Company for payment as general creditors unless an applicable law designates another Person. 
  

	SECTION 8.06. 	Reinstatement. 

  
 If the Trustee or Paying Agent is unable to apply any U.S. Legal Tender and U.S. Government Obligations in accordance with this Article Eight by reason of
any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, or if the funds deposited with the Trustee to effect Covenant Defeasance are
insufficient to pay the principal of, and interest on, the Notes when due, the Company’s obligations under this Indenture, and the Notes and the Subsidiary Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to
this Article Eight until such time as the Trustee or Paying Agent is permitted to apply all such U.S. Legal Tender and U.S. Government Obligations in accordance with this Article Eight; provided that if the Company has made any payment of
interest on, or principal of, any Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the U.S. Legal Tender and U.S. Government Obligations
held by the Trustee or Paying Agent. 
  
 ARTICLE NINE 

 
 AMENDMENTS, SUPPLEMENTS AND WAIVERS 
  

	SECTION 9.01. 	Without Consent of Holders. 

  
 The Company, the Guarantors, if any, and the Trustee, together, may amend or supplement this Indenture, the Security Documents, the Notes or the
Subsidiary Guarantees, without notice to or consent of any Holder: 
  
 (1) to cure any ambiguity, defect or inconsistency; 
  

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 (2) to provide for uncertificated Notes in addition to or in place of certificated Notes;

  
 (3) to provide for the assumption of the
Company’s or a Guarantor’s, if any, obligations to the Holders of the Notes in the case of a merger, consolidation or sale of all or substantially all of the assets, in accordance with Article Five; 
  
 (4) to release any Guarantor from any of its obligations
under its Guarantee or this Indenture (to the extent permitted by this Indenture); 
  
 (5) to make any change that would not materially adversely affect the rights of any Holder; 
  
 (6) to comply with requirements of the Commission in order
to effect or maintain the qualification of this Indenture under the Trust Indenture Act; 
  
 (7) to terminate, replace, amend, modify or supplement any Security Document or the Intercreditor Agreement as provided in such Security
Documents or the Intercreditor Agreement; 
  
 (8)
to amend, modify or supplement any Security Document to add any Collateral or any Guarantor or Domestic Subsidiary; 
  
 (9) to conform this Indenture to the “Description of Notes” set forth in the Offering Memorandum. 
  
 provided, however, that the Company has delivered to the Trustee an Opinion of
Counsel and an Officers’ Certificate, each stating that such amendment or supplement complies with the provisions of this Section 9.01. 
  

	SECTION 9.02. 	With Consent of Holders. 

  
 (a) Subject to Section 6.07, the Company, the Subsidiary Guarantors, if any, and the Trustee, together, with the written consent of the Holder or Holders
of a majority in aggregate principal amount of the outstanding Notes may amend or supplement this Indenture, any Security Document (except as otherwise described herein), the Notes or the Guarantees, if any, without notice to any other Holders.
Subject to Sections 6.07, the Holder or Holders of a majority in aggregate principal amount of the outstanding Notes may waive compliance with any provision of this Indenture, the Notes, any Security Document or the Guarantees, if any, without
notice to any other Holders. 
  
 (b) Notwithstanding Section
9.02(a), without the consent of each Holder affected, no amendment or waiver may: 
  
 (1) reduce the amount of Notes whose Holders must consent to an amendment; 
  

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 (2) reduce the rate of or change or have the effect of changing the time for payment of
interest, including defaulted interest, on any Notes; 
  
 (3) reduce the principal of or change or have the effect of changing the Stated Maturity of any Notes, or change the date on which any Notes may be subject to redemption or reduce the redemption price therefor; 
  
 (4) make any Notes payable in money other than that stated
in the Notes; 
  
 (5) make any change in
provisions of this Indenture protecting the right of each Holder to receive payment of principal of and interest on such Note on or after the due date thereof or to bring suit to enforce such payment, or permitting Holders of a majority in principal
amount of Notes to waive Defaults or Events of Default; 
  
 (6) after the Company’s obligation to purchase Notes arises thereunder, amend, change or modify in any material respect the obligation of the Company to make and consummate a Change of Control Offer in the event
of a Change of Control or make and consummate a Net Proceeds Offer with respect to any Asset Sale that has been consummated or, after such Change of Control has occurred or such Asset Sale has been consummated, modify any of the provisions or
definitions with respect thereto; or 
  
 (7)
modify or change any provision of this Indenture or the related definitions affecting the ranking of the Notes in a manner which adversely affects the Holders. 
  

(c) It shall not be necessary for the consent of the Holders under this Section to approve the particular form of any proposed amendment, supplement or
waiver but it shall be sufficient if such consent approves the substance thereof. 
  
 (d) A consent to any amendment, supplement or waiver under this Indenture by any Holder given in connection with an exchange (in the case of an exchange offer) or a tender (in the case of a tender offer) of such
Holder’s Notes will not be rendered invalid by such tender or exchange. 
  
 (e) After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Company shall mail to the Holders affected thereby a notice briefly describing the amendment, supplement or waiver. Any
failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amendment, supplement or waiver. 
  
 Notwithstanding Section 9.02(a), without the consent of the Holders of at least 75% in principal amount of the Notes then
outstanding, no amendment may release from the Lien of this Indenture or the Notes and the Security Documents all or substantially all of the Collateral, otherwise than in accordance with the terms of the Security Documents. 
  

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	SECTION 9.03. 	Compliance with the Trust Indenture Act. 

  
 From the date on which this Indenture is qualified under the Trust Indenture Act, every amendment, waiver or supplement of this Indenture, the Notes or
the Subsidiary Guarantees shall comply with the Trust Indenture Act as then in effect. 
  

	SECTION 9.04. 	Revocation and Effect of Consents. 

  
 Until an amendment, waiver or supplement becomes effective, a consent to it by a Holder is a continuing consent by the Holder and every subsequent Holder
of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder or subsequent Holder may revoke the consent as to his Note or portion
of his Note by notice to the Trustee or the Company received before the date on which the Trustee receives an Officers’ Certificate certifying that the Holders of the requisite principal amount of Notes have consented (and not theretofore
revoked such consent) to the amendment, supplement or waiver. 
  
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any amendment, supplement or waiver, which record date shall be at least 30 days prior to the first
solicitation of such consent. If a record date is fixed, then notwithstanding the last sentence of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons,
shall be entitled to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 90 days after such record date. The Company shall inform
the Trustee in writing of the fixed record date if applicable. 
  
 After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless it makes a change described in any of clauses (1) through (8) of Section 9.02(b), in which case, the amendment, supplement or waiver shall bind
only each Holder of a Note who has consented to it and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note; provided, however, that any such waiver shall not impair
or affect the right of any Holder to receive payment of principal of, and interest on, a Note, on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment on or after such respective dates without the
consent of such Holder. 
  

	SECTION 9.05. 	Notation on or Exchange of Notes. 

  
 If an amendment, supplement or waiver changes the terms of a Note, the Company may require the Holder of the Note to deliver it to the Trustee. The
Company shall provide the Trustee with an appropriate notation on the Note about the changed terms and cause the Trustee to return it to the Holder at the Company’s expense. Alternatively, if the Company or the Trustee so determines, the
Company in exchange for the Note shall issue, and the Trustee shall authenticate, a new Note that reflects the changed terms. Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment,
supplement or waiver. 
  

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	SECTION 9.06. 	Trustee To Sign Amendments, Etc. 

  
 The Trustee shall execute any amendment, supplement or waiver authorized pursuant to this Article Nine; provided, however, that the Trustee
may, but shall not be obligated to, execute any such amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall be entitled to receive, and shall be fully protected in
relying upon, an Opinion of Counsel and an Officers’ Certificate each stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article Nine is authorized or permitted by this Indenture and constitutes legal,
valid and binding obligations of the Company enforceable in accordance with its terms. Such Opinion of Counsel shall be at the expense of the Company. 
  
 ARTICLE TEN 
  
 GUARANTEE 
  

	SECTION 10.01. 	Guarantee. 

  
 Subject to this Article Ten, each of the Guarantors hereby, jointly and severally, unconditionally guarantees to each Holder of a Note authenticated and
delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Company hereunder or thereunder, that: (a) the principal of and
interest on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the
Company to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such
other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed
or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
  
 The Guarantors hereby agree that their obligations hereunder shall be
unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or
thereof, the recovery of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives, to the extent
permitted by applicable law, diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all
demands whatsoever and covenant that this Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. 
  

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 If any Holder or the Trustee is required by any court or otherwise to return to the Company, the
Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or such Holder, this Guarantee, to the extent theretofore discharged,
shall be reinstated in full force and effect. 
  
 Each Guarantor
agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Subsidiary Guarantor further agrees that, as
between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Six hereof for the purposes of this Guarantee,
notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article Six hereof,
such obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose of this Guarantee. 
  

	SECTION 10.02. 	Limitation on Guarantor Liability. 

  
 Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Guarantee of such
Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Guarantee. To
effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such
Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under
this Article Ten, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent transfer or conveyance. Each Guarantor that makes a payment for distribution under its Guarantee is entitled to a contribution from each
other Guarantor in a pro rata amount based on the adjusted net assets of each Guarantor. 
  

	SECTION 10.03. 	Execution and Delivery of Guarantee. 

  
 To evidence its Guarantee set forth in Section 10.01, each Guarantor hereby agrees that a notation of such Guarantee substantially in the form included in
Exhibit E shall be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and that this Indenture shall be executed on behalf of such Guarantor by an Officer. 
  
 Each Guarantor hereby agrees that its Guarantee set forth in Section 10.01
shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee. 
  

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

	SECTION 10.04. 	Release of Guarantees. 

  
 Any Guarantee by a Restricted Subsidiary of the Notes shall provide by its terms that it shall be automatically and unconditionally released and
discharged, without any further action required on the part of the Trustee or any Holder, upon: 
  
 (1) the designation of the Guarantor as an Unrestricted Subsidiary; 
  
 (2) the exercise of the Company’s legal defeasance option or Company’s covenant defeasance option
as described under Section 8.02 (solely with respect to Guarantees of the Notes), or if Company’s obligations under the Indenture are discharged in accordance with the terms of this Indenture; 
  
 (3) any sale or other disposition (by merger or otherwise)
to any Person which is not a Restricted Subsidiary of the Company of (i) all or substantially all of the assets of such Restricted Subsidiary or (ii) Capital Stock of a Restricted Subsidiary such that such Restricted Subsidiary ceases to be a
Subsidiary; provided that such sale or disposition of such Capital Stock or assets is otherwise in compliance with the terms of this Indenture; or 
  
 (4) the Indebtedness that resulted in the creation of such Guarantee is released or discharged. 
  
 ARTICLE ELEVEN 
  
 COLLATERAL AND SECURITY DOCUMENTS 
  

	 	SECTION 11.01. 	Security Documents; Additional Collateral. 

  
 (a) In order to secure the due and punctual payment of the Notes and all other Obligations in respect of the Notes and this Indenture, and the other
amounts payable to the Trustee hereunder, the Company and certain of its Domestic Subsidiaries shall, on the Issue Date, enter into the applicable Security Documents to create the Note Lien on the Collateral in favor of the Trustee as collateral
agent for the benefit of the Notes Secured Creditors and to provide for certain related intercreditor matters. 
  
 The Company and its Domestic Subsidiaries shall not, and shall not cause or permit any of their Domestic Subsidiaries to, intentionally grant a Lien on
any of their property or assets (other than Excess Exempted Foreign Entity Voting Equity Interests (as defined in the 

  

 -93- 

 
Intercreditor Agreement)) to the First Priority Collateral Agent under any First Lien Security Document (as defined in the Intercreditor Agreement) unless a
junior priority Note Lien is created, subject to the Intercreditor Agreement, in favor of the Trustee as collateral agent (on behalf of the Notes Secured Creditors) with respect to such property or assets and with the same (in all material respects)
priorities, consent rights and provisions regarding release of Collateral and other provisions set forth in the Security Documents as then in effect, subject to the Intercreditor Agreement. 
  
 From and after the date of this Indenture, if the Company or any Domestic
Subsidiary creates any additional Lien upon any of its property or assets (other than Excess Exempted Foreign Entity Voting Equity Interests (as defined in the Intercreditor Agreement)) to secure any First Lien Obligations, it shall concurrently
grant a junior priority Note Lien (subject to Permitted Liens) upon such property in favor of the Trustee and execute any and all further Security Documents, financing statements, agreements and instruments, but subject to the Intercreditor
Agreement, that grant in favor of the Trustee a junior priority Note Lien upon such property and take all such actions (including the filing and recording of financing statements, fixture filings, Mortgages and other documents) that may be required
under any applicable law, or which the Trustee may reasonably request to create such junior priority Note Lien, all at the expense of the Company, including reasonable fees and expenses of counsel incurred by the Trustee in connection therewith. The
Company shall give the Trustee timely written notice that such actions have been taken. 
  
 (b) The Trustee (in its capacity as secured creditor on behalf of Notes Secured Creditors pursuant to the Security Documents) and each Holder, by accepting a Note, agrees to all of the terms and provisions of each of
the Security Documents, as the same may be amended from time to time pursuant to the provisions of Security Documents and this Indenture, and acknowledges that (i) until such time as all First Lien Obligations, all commitments and letters of credit
under the Credit Agreement and all interest rate protection, currency and other hedging agreements entitled to the benefits of the First Lien Security Documents (as defined in the Intercreditor Agreement) have been paid in full in cash in accordance
with the respective terms thereof and/or terminated, the Security Documents may be amended, to the extent set forth in the Intercreditor Agreement and to the extent permitted by law, without the consent of the Trustee or the Holders. 
  
 (c) The Trustee (in its capacity as secured creditor on behalf of Notes
Secured Creditors pursuant to the Security Documents) and the Holders expressly acknowledge and agree to all of the terms and agreements contained in the Intercreditor Agreement. 
  
 (d) In the event that any provisions of this Indenture are deemed to conflict with the Intercreditor Agreement, the
provisions of such Intercreditor Agreement shall govern. Without limiting the scope of the preceding sentence, it is acknowledged that PBGC Liens shall be senior to the Note Liens as contemplated by the Intercreditor Agreement. 
  

	 	SECTION 11.02. 	Recording, Etc. 

  
 (a) The Company and its Domestic Subsidiaries shall take or cause to be taken all action required or desirable to be taken by the Company or such Domestic
Subsidiary to 

  

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maintain and perfect the Note Lien on the Collateral granted by the Security Documents, to the extent required thereby, including, but not limited to,
causing all financing statements, any mortgage or deed of trust, the Security Documents (or a short form version thereof), other instruments of further assurance, including, without limitation, continuation statements covering security interests in
personal property to be executed and promptly recorded, registered, filed and delivered to the Trustee, and at all times to be kept recorded and will execute and cause to be filed such financing statements and cause to be issued and filed such
continuation statements, all in such manner and in such places as may be required by law fully to maintain the perfection of the Holders’ and the Trustee’s rights under this Indenture and the Security Documents to all property comprising
the Collateral. Notwithstanding the foregoing, to the extent the Bank Lenders do not require the Company or the Domestic Subsidiaries to maintain or perfect a Lien in certain Collateral, the Holders shall not require the Company or the Domestic
Subsidiaries to maintain or perfect a Note Lien on such Collateral. 
  
 The Company shall from time to time promptly pay and discharge all mortgage and financing and continuation statement recording and/or filing fees, charges and taxes relating to this Indenture and the Security Documents, any amendments
thereto and any other instruments of further assurance. Notwithstanding the foregoing, the Trustee shall not have any duty or obligation to ascertain whether any such taxes are required to be paid at any time. This paragraph (a) is subject to the
provisions of the Security Agreement. 
  
 (b) The Company shall
furnish or cause to be furnished to the Trustee: 
  
 (1) at the time of execution and delivery of this Indenture, a reliance letter with respect to Opinions of Counsel delivered on the Issue Date to the Initial Purchasers with respect to UCC Collateral; 
  
 (2) in the case of Real Estate, as promptly as practicable
after the Issue Date and in any event within 120 days after the Issue Date, Opinion(s) of Counsel either (a) substantially to the effect that, in the opinion of such counsel, each Security Document and all other instruments of further assurance or
assignment have been properly recorded, or filed to the extent necessary to perfect or create the security interests created by each such Security Document, to the extent that perfection of such security interests is required by the Security
Documents, and reciting the details of such action, and stating that as to the security interests created pursuant to each such Security Document, such recordings, registrations and filings are the only recordings, registrations and filings
necessary to give notice thereof and that no re-recordings, re-registrations or refilings are necessary to maintain such notice (other than as stated in such opinion), or (b) if perfection of such security interests is required by the Security
Documents, to the effect that, in the opinion of such counsel, no such action is necessary to perfect such security interests; and 
  
 (3) within 120 days after the end of any fiscal year, an Opinion of Counsel dated as of such date either (a) to the effect that, in the
opinion of such counsel, such action has been taken with respect to the recordings, registrations, filings, re-recordings, re-registrations and refilings of all instruments of further assurance as is necessary to maintain the validity,
enforceability and perfection of the security interests of each of the Security Documents, to the extent that perfection of such security interests is required by 

  

 -95- 

 
the Security Documents, and reciting with respect to such security interests the details of such action (or to the extent that further action is required to
be taken within the next twelve months, details of such further action) or referencing prior Opinions of Counsel in which such details are given, or (b) if perfection of such security interests is required by the Security Documents, to the effect
that, in the opinion of such counsel, no such action is necessary to maintain such security interests. 
  

	 	SECTION 11.03. 	Release of Collateral. 

  
 (a) The Company shall be entitled to obtain a release of all of the Collateral from any Note Liens created by this Indenture and of the Security
Documents: 
  
 (1) upon payment in full of all
principal, premium, if any, and interest and Additional Interest, if any, on the Notes and of all other obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Notes, the Guarantees, if any, and the
Security Documents; 
  
 (2) in part, as to any
Collateral owned or acquired by a Subsidiary of the Company that has been released from its Guarantee, if any, in accordance with Article Ten, concurrently with the release thereof, unless such Collateral secures any First Lien Obligations;

  
 (3) upon satisfaction and discharge of this
Indenture in accordance with Article Eight; 
  
 (4) upon a Legal Defeasance or Covenant Defeasance in accordance with Article Eight; or 
  
 Upon payment specified in clause (i) above or upon delivery by the Company to the Trustee of an Officers’ Certificate and an Opinion of Counsel, each to the effect that at least one of such conditions precedent
has been complied with (and which may be the same Officers’ Certificate and Opinion of Counsel required by Article Eight), together with such documentation, if any, as may be required by the Trust Indenture Act (including, without limitation,
Trust Indenture Act § 314(c) or § 314(d)) or reasonably required by the Trustee prior to the release of such Collateral, the Trustee shall forthwith take all action that is necessary or reasonably requested by the Company (in each case at
the expense of the Company) to release and reconvey to the Company without recourse, representation or warranty of any kind all of the Collateral, and shall deliver such Collateral in its possession to the Company and shall execute and deliver to
the Company releases and satisfactions, in recordable or fileable form, to the extent reasonably requested by the Company. 
  
 (b) In addition to paragraph (a) above, the Note Liens on the Collateral will be automatically released with respect to any asset constituting Collateral:

  
 (1) that is sold or otherwise disposed of by
the Company or one of its Restricted Subsidiaries to a Person other than the Company or a Restricted Subsidiary in a transaction permitted by this Indenture at the time of such sale or disposition; or 
  

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 (2) other than as described in paragraph (a) above, that is released from its Lien in
accordance with the Credit Agreement or any other First Lien Credit Document (as defined in the Intercreditor Agreement) and in accordance with the Intercreditor Agreement (whether pursuant to a foreclosure or other exercise of remedies by the
secured parties under such First Lien Credit Document (as defined in the Intercreditor Agreement) or otherwise); or 
  
 (3) to the extent permitted by the Credit Agreement, if the Company or any Restricted Subsidiary provides substitute assets with at least
an equivalent fair value, as determined in good faith by the Board of Directors of the Company, and such assets are made subject to the Note Lien in accordance with the Security Documents 
  
 (c) The Company, the Guarantors and the Trustee agree that, and each Holder, by accepting a Note, acknowledges that, subject
to the terms of the Security Documents, the Bank Lenders prior to the Discharge of First Lien Obligations shall have the exclusive right and authority to determine the release, sale or other disposition of the Collateral. 
  

	 	SECTION 11.04. 	Release of Liens. 

  
 (a) The Trustee shall not at any time release Collateral from the Note Liens created by this Indenture and the Security Documents unless such release is
in accordance with the provisions of this Indenture and the Security Documents. 
  
 (b) The release of any Collateral from the Note Lien of the Security Documents shall not be deemed to impair the security under this Indenture in contravention of the provisions hereof if and to the extent the
Collateral is released pursuant to this Indenture and the Security Documents. To the extent applicable, the Company shall comply with Trust Indenture Act § 314(c) and § 314(d) relating to the release of property from the Lien of the
Security Documents and relating to the substitution therefor of any property to be subjected to the Lien of the Security Documents. Any certificate or opinion required by Trust Indenture Act § 314(c) or § 314(d) may be made by an Officer
of the Company, except in cases where Trust Indenture Act § 314(c) or § 314(d) requires that such certificate or opinion be made by an independent person, which person shall be an independent engineer, appraiser or other expert selected by
the Company. 
  

	 	SECTION 11.05. 	Trust Indenture Act Requirements. 

  
 The release of any Collateral from the Lien of any of the Security Documents or the release of, in whole or in part, the Liens created by any of the
Security Documents will not be deemed to impair the security interests in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to the applicable Security Documents and pursuant to the terms
hereof. The Trustee and each of the Holders acknowledge that a release of Collateral or Liens strictly in accordance with the terms of the Security Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Security
Interests in contravention of the terms of this Indenture. To the extent applicable following the qualification of this Indenture under the Trust Indenture Act, without limitation, the Company and the Guarantors will comply with Trust Indenture Act
Section 313(b), relating to reports, and with Trust Indenture 

  

 -97- 

 
Act Section 314(d) relating to the release or substitution therefor of property or securities from the Liens hereof and of the Security Documents. Any
certificate or opinion required by Trust Indenture Act Section 314(d) may be made by an Officer of the Company, except in cases in which Trust Indenture Act Section 314(d) requires that such certificate or opinion be made by an independent Person.

  

	 	SECTION 11.06. 	Suits To Protect the Collateral. 

  
 Subject to the provisions of the Security Documents and the Intercreditor Agreement, the Trustee shall have power to institute and to maintain such suits
and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture (including power to institute and maintain suits or proceedings
to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair
the Security Interests). 
  

	 	SECTION 11.07. 	Purchaser Protected. 

  
 In no event shall any purchaser in good faith of any property purported to be released hereunder or under any of the Security Documents be bound to
ascertain the authority of the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such
purchaser or other transferee; nor shall any purchaser or other transferee of any property or rights permitted by this Article Eleven to be sold be under obligation to ascertain or inquire into the authority of the Company, to make any such sale or
other transfer. 
  

	 	SECTION 11.08. 	Powers Exercisable by Receiver or Trustee. 

  
 In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven upon the
Company with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the
Company or of any officer or officers thereof required by the provisions of this Article Eleven. 
  

	 	SECTION 11.09. 	Determinations Relating to Collateral. 

  
 In the event (i) the Trustee shall receive any written request from the Company or any Domestic Subsidiary under any Security Document for consent or
approval with respect to any matter or thing relating to any Collateral or the Company’s or any Guarantor’s obligations with respect thereto; or (ii) there shall be required from the Trustee under the provisions of any Security Document
any performance or the delivery of any instrument; or (iii) a Responsible Officer of the Trustee shall become aware of any nonperformance by the Company or any Guarantor of any covenant or any breach of any representation or warranty of the Company
or any Guarantor set forth in any Security Document, and, in the case of clause (i), (ii) or (iii) above, the Trustee’s response or action is not otherwise specifically contemplated hereunder then, in each 

  

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such event, the Trustee shall, within fifteen Business Days thereafter, advise the Holders, in writing and at the Company’s expense, of the matter or
thing as to which consent has been requested or the performance or instrument required to be delivered or the nonperformance or breach of which the Trustee has become aware. Subject to Article Nine, the Holders of not less than a majority in
aggregate principal amount of the outstanding Notes shall have the exclusive authority to direct the Trustee’s response to any of the circumstances contemplated in clauses (i), (ii) and (iii) above. Notwithstanding the foregoing, the Trustee
shall not be required to respond to any of the circumstances contemplated in clauses (i), (ii) or (iii) above unless it shall have received written authority by not less than a majority in aggregate principal amount of the outstanding Notes;
provided that the Trustee shall be entitled to hire experts, consultants, agents and attorneys to advise the Trustee on the manner in which the Trustee should respond to such request or render any requested performance or response to such
nonperformance or breach (the expenses of which shall be reimbursed to the Trustee pursuant to Section 7.07). The Trustee shall be fully protected in the taking of any action recommended or approved by any such expert, consultant, agent or attorney
or agreed to by a majority of such Holders. 
  

	 	SECTION 11.10. 	Release upon Termination of the Company’s Obligations. 

  
 In the event that the Company delivers an Officers’ Certificate certifying that its obligations under this Indenture have been satisfied and
discharged by complying with the provisions of Article Eight and such other documents and/or funds as are required to be delivered or paid pursuant to Article Eight, (i) the Trustee shall execute and deliver, in each case without recourse,
representation or warranty, such releases, termination statements and other instruments (in recordable form, where appropriate) as the Company may reasonably request evidencing the termination of the Liens created by the Security Documents in favor
of the Trustee for the benefit of the Notes Secured Creditors and (ii) the Trustee shall not be deemed to hold the Liens for the benefit of the Notes Secured Creditors. 
  

	 	SECTION 11.11. 	Limitation on Duty of Trustee in Respect of Collateral. 

  
 (a) Beyond the exercise of reasonable care in the custody thereof, the Trustee shall have no duty as to any Collateral in its possession or control or in
the possession or control of any agent or bailee or any income thereon or as to preservation of rights against prior parties or any other rights pertaining thereto and the Trustee shall not be responsible for filing any financing or continuation
statements or recording any documents or instruments in any public office at any time or times or otherwise perfecting or maintaining the perfection of the security interest in the Collateral. 
  
 (b) The Trustee shall not be responsible for the existence, genuineness or
value of any of the Collateral or for the validity, perfection, priority or enforceability of the Liens upon any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part hereunder, except to
the extent such action or omission constitutes negligence or willful misconduct on the part of the Trustee, for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title of the

  

 -99- 

 
Company to the Collateral, for insuring the Collateral or for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise as to the
maintenance of the Collateral. 
  
 ARTICLE TWELVE 
  
 TRUST MONIES 
  

	 	SECTION 12.01. 	Trust Monies. 

  
 All Trust Monies shall be held by or delivered to the Trustee in accordance with the provisions of the applicable Security Documents. Trust Monies, if
any, shall, at the direction of the Company, be (a) applied by the Trustee from time to time to the payment of the principal of, premium, if any, and interest on any Notes at maturity or upon redemption or retirement, or to the purchase of notes
upon tender or in the open market or otherwise, (b) released to the extent such cash would be considered Collateral under the Security Documents following such release or (c) applied to cure any payment Event of Default in each case in accordance
with the Security Documents. 
  

	 	SECTION 12.02. 	Investment of Trust Monies. 

  
 All or any part of any Trust Monies held by the Trustee hereunder (except such as may be held for the account of any particular Notes) shall from time to
time be invested or reinvested by the Trustee in any Cash Equivalents pursuant to the written direction of the Company, which shall specify the Cash Equivalents in which such Trust Monies shall be invested. Unless an Event of Default occurs and is
continuing, any interest on such Cash Equivalents (in excess of any accrued interest paid at the time of purchase) which may be received by the Trustee shall be forthwith paid to the Company. Such Cash Equivalents shall be held by the Trustee as a
part of the Collateral, subject to the same provisions hereof as the cash used by it to purchase such Cash Equivalents. The Trustee shall not be liable or responsible for any loss resulting from such investments or sales except only for its own
grossly negligent action, its own grossly negligent failure to act or its own willful misconduct in complying with this Section 12.02. 
  

	 	SECTION 12.03. 	Return of Trust Monies. 

  
 The Company shall be entitled to request in writing the return of any or all of the Trust Monies and the Trustee shall return such Trust Monies to the
Company if: (1) no Default or Event of Default has occurred and is continuing, (2) such Trust Monies, when released to the Company, will be deposited into a Deposit Account (as defined in the Security Agreement) over which the Trustee has control
(as defined in the UCC (as defined in the Security Agreement)), (3) such Trust Monies are applied pursuant to the Security Agreement and (4) the Company delivers to the Trustee an Officers’ Certificate stating that all conditions precedent
herein provided for relating to such return of Trust Monies have been complied with. 
  

 -100- 

 ARTICLE THIRTEEN 
  

MISCELLANEOUS 
  

	SECTION 13.01. 	Trust Indenture Act Controls. 

  
 If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in this Indenture by
the Trust Indenture Act, such required or deemed provision shall control. 
  

	SECTION 13.02. 	Notices. 

  
 Any notices or other communications required or permitted hereunder shall be in writing, and shall be sufficiently given if made by hand delivery, by
telex, by nationally recognized overnight courier service, by telecopier or registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 
  
 if to the Company or any Guarantor: 
  
 Exide Technologies 
 Crossroads Corporate Center 
 3150 Brunswick Pike, Suite 230 
 Lawrenceville, New Jersey 08648 
 Attention: 
  
 Telephone: 
 Facsimile: 
  
 with a copy to:

  
 Kirkland & Ellis LLP 
 Aon Center 
 200 E. Randolph Drive 
 Chicago, Illinois 60601 
 Attention: Carter W. Emerson P.C. 
  
 Telephone: 
 Facsimile: 
  
 if to the Trustee:

  
 SunTrust Bank 
 919 East Main Street 
 Richmond, Virginia 23219 
 Attention: Corporate Trust Department, Mail Code HDQ5310 
  
 Telephone: 804-782-5170 
 Facsimile: 804-782-7855 
  

 -101- 

 Each of the Company and the Trustee by written notice to each other such Person may designate additional
or different addresses for notices to such Person. Any notice or communication to the Company and the Trustee, shall be deemed to have been given or made as of the date so delivered if personally delivered; when replied to; when receipt is
acknowledged, if telecopied; five (5) calendar days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until actually received by the addressee);
and next Business Day if by nationally recognized overnight courier service. 
  
 Any notice or communication mailed to a Holder shall be mailed to him by first class mail or other equivalent means at his address as it appears on the registration books of the Registrar and shall be sufficiently
given to him if so mailed within the time prescribed. 
  
 Failure
to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee
receives it. 
  

	SECTION 13.03. 	Communications by Holders with Other Holders. 

  
 Holders may communicate pursuant to Trust Indenture Act § 312(b) with other Holders with respect to their rights under this Indenture, the Notes or
the Guarantees. The Company, the Trustee, the Registrar and any other Person shall have the protection of Trust Indenture Act § 312(c). 
  

	SECTION 13.04. 	Certificate and Opinion as to Conditions Precedent. 

  
 Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee at the
request of the Trustee: 
  
 (1) an Officers’
Certificate, in form and substance satisfactory to the Trustee, stating that, in the opinion of the signers, all conditions precedent to be performed or effected by the Company, if any, provided for in this Indenture relating to the proposed action
have been complied with; and 
  
 (2) an Opinion
of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
  

	SECTION 13.05. 	Statements Required in Certificate or Opinion. 

  
 Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture, other than the Officers’
Certificate required by Section 4.06, shall include: 
  
 (1) a statement that the Person making such certificate or opinion has read such covenant or condition; 
  

 -102- 

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

	SECTION 13.06. 	Rules by Paying Agent or Registrar. 

  
 The Paying Agent or Registrar may make reasonable rules and set reasonable requirements for their functions. 
  

	SECTION 13.07. 	Legal Holidays. 

  
 If a payment date is not a Business Day, payment may be made on the next succeeding day that is a Business Day. 
  

	SECTION 13.08. 	Governing Law. 

  
 This Indenture, the Notes and the Guarantees will be governed by and construed in accordance with the laws of the State of New York, but without giving
effect to applicable principals of conflicts of law to the extent that the application of the law of another jurisdiction would be required thereby. 
  

	SECTION 13.09. 	No Adverse Interpretation of Other Agreements. 

  
 This Indenture may not be used to interpret another indenture, loan or debt agreement of any of the Company or any of its Subsidiaries. Any such
indenture, loan or debt agreement may not be used to interpret this Indenture. 
  

	SECTION 	13.10.  No Recourse Against Others. 

  
 No director, officer, employee, incorporator, stockholder, member or manager of the Company or any Guarantor shall have any liability for any obligations
of the Company under the Notes or this Indenture or of any Guarantor under its Guarantee or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives
and releases all such liability. Such waiver and release are part of the consideration for issuance of the Notes. 
  

 -103- 

	SECTION 13.11. 	Successors. 

  
 All agreements of the Company and the Guarantors, if any, in this Indenture, the Notes and the Guarantees shall bind their respective successors. All
agreements of the Trustee in this Indenture shall bind its successor. 
  

	SECTION 13.12. 	Duplicate Originals. 

  
 All parties may sign any number of copies of this Indenture. Each signed copy or counterpart shall be an original, but all of them together shall
represent the same agreement. 
  

	SECTION 13.13. 	Severability. 

  
 To the extent permitted by applicable law, in case any one or more of the provisions in this Indenture, in the Notes or in the Guarantees shall be held
invalid, illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being
intended that all of the provisions hereof shall be enforceable to the full extent permitted by law. 
  

	SECTION 13.14. 	Intercreditor Agreement. 

  
 Notwithstanding anything herein to the contrary, the Note Lien and security interest granted in favor of the Trustee pursuant to this Indenture and the
exercise of any right or remedy by the Trustee hereunder and under the various Security Documents are subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and this
Indenture, the terms of the Intercreditor Agreement shall govern. 
  

 -104- 

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

					
	 EXIDE TECHNOLOGIES
as issuer

		
	 By:
	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

 S-1 

					
	 SUNTRUST BANK,
as Trustee

		
	 By:
	 	 
	 	 	 Name:
	 	Patricia A. Welling
	 	 	 Title:
	 	First Vice President

  

 S-2 

  
 EXHIBIT A 

 
 [Insert the Global Note Legend, if applicable pursuant to the provisions of this
Indenture] 
  
 [Insert the Private Placement Legend, if applicable
pursuant to the provisions of this Indenture] 
  
 EXIDE
TECHNOLOGIES 
 10  1/2% Senior due Notes 2013 
  

					
	 	 	 	 	CUSIP No.            
	No.	 	 	 	$                                

  
 EXIDE TECHNOLOGIES, a
Delaware corporation (the “Company”), for value received promise to pay                      or its registered assigns, the
principal sum of [or such other amount as is provided in a schedule attached hereto]a on March 15, 2013. 

 
 Interest Payment Dates: March 15 and September 15, commencing September
15, 2005. 
  
 Record Dates: March 1 and September 1. 

 
 Reference is made to the further provisions of this Note contained herein,
which will for all purposes have the same effect as if set forth at this place. 

	a	This language should be included only if the Note is issued in global form. 

  

 A-1 

  
 IN WITNESS WHEREOF, the
Company has caused this Note to be signed manually or by facsimile by its duly authorized officer. 
  
 Dated: 
  

					
	 EXIDE TECHNOLOGIES
as issuer

		
	 By:
	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

 A-2 

  
 [FORM OF] TRUSTEE’S
CERTIFICATE OF AUTHENTICATION 
  
 This is one of the 10  1/2% Senior Secured Notes due 2013 described in the within-mentioned Indenture. 
  
 Dated: 
  

					
	 SUNTRUST BANK,
as Trustee

		
	 By:
	 	 
	Authorized Signatory

  

 A-3 

  
 (Reverse of Note) 

 
 10  1/2% Senior Secured Notes due 2013 
  
 Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
  
 SECTION 1. Interest. Exide Technologies, a Delaware corporation (the
“Company”) promises to pay interest on the principal amount of this Note at 10  1/2% per annum
from March 18, 2005a until maturity. The Company will pay interest semi-annually on March 15 and September 15 of
each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”), commencing September 15, 2005.* Interest on the Notes will accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from and including the date of original issuance. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium,
if any, from time to time on demand to the extent lawful at the interest rate applicable to the Notes; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without
regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
  
 SECTION 2. Method of Payment. The Company will pay interest on the
Notes to the Persons who are registered Holders of Notes at the close of business on the September 1 or March 1 next preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment
Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be issued in denominations of $1,000 and integral multiples thereof. The Company shall pay principal, premium, if any, and interest on the
Notes 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 (“U.S. Legal Tender”). Principal, premium, if any, and interest on the Notes will be
payable at the office or agency of the Company maintained for such purpose except that, at the option of the Company, the payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in the
register of Holders of Notes. Until otherwise designated by the Company, the Company’s office or agency in New York will be the office of the Trustee maintained for such purpose. 
  
 SECTION 3. Paying Agent and Registrar. Initially, SunTrust Bank, the Trustee under the Indenture, will act as Paying
Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. Except as provided in the Indenture, the Company or any of their Subsidiaries may act in any such capacity. 

	a	In the case of the Notes issued on the Issue Date. 

  

 A-4 

 SECTION 4. Indenture. The Company issued the Notes under an Indenture dated as of March 18, 2005
(“Indenture”) by and between the Company and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code
§§ 77aaa-77bbbb) (the “Trust Indenture Act”). The Notes are subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. 
  
 SECTION 5. Optional Redemption after March 15, 2009. Except as set
forth in Section 6(a) and Section 6(b) hereof, the Notes will not be redeemable at the Company’s option prior to March 15, 2009. The Notes will be redeemable at the option of the Company, in whole or in part, at any time, and from time to time,
on and after March 15, 2009, upon not less than 30 days’ nor more than 60 days’ notice, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve-month period commencing
March 15 of the years indicated below, in each case together with accrued and unpaid interest thereon to but not including the redemption date: 
  

				
	 Year

	  	Percentage

	 
	 2009
	  	105.250	%
	 2010
	  	102.625	%
	 2011 and thereafter
	  	100.000	%

  
 SECTION 6. (a)
Optional Redemption With Proceeds From Qualified Equity Offerings. At any time, or from time to time, on or prior to March 15, 2008, the Company may, at its option, use the Net Cash Proceeds of one or more Qualified Equity Offerings to redeem
up to 35% of the principal amount of the Notes issued under the Indenture at a redemption price of 110.5% of the principal amount thereof plus accrued and unpaid interest thereon, if any, to but not including the date of redemption; provided,
however, that: 
  
 (1) at least 65% of the
principal amount of Notes issued under the Indenture remains outstanding immediately after any such redemption; and 
  
 (2) the Company issues a redemption notice not more than 60 days after the consummation of any such Qualified Equity Offering. 

 
 (b) Optional Redemption with Make Whole Payment. At any time
prior to March 15, 2009 the Company may redeem all or part of the Notes upon not less than 30 nor more than 60 days’ prior notice at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable
Premium as of the date of the redemption, plus (iii) accrued and unpaid interest on the Notes, if any, to but not including the date of redemption (subject to the right of holders of record on the relevant record date to receive interest due on the
relevant interest payment date). 
  
 SECTION 7. Notice of
Redemption. Notice of redemption will be mailed by first class mail at least 30 days but not more than 60 days before the redemption date to each Holder of Notes to be redeemed at its registered address. No Notes of a principal amount of $1,000
or less may be redeemed in part. If any Note is to be redeemed in part only, the notice of 

  

 A-5 

 
redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the
unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Note. On and after the redemption date interest will cease to accrue on Notes or portions thereof called for redemption, whether or not
such Notes or portions thereof are presented for payment, as long as the Company has deposited with the Paying Agent funds sufficient to pay the Redemption Price plus accrued and unpaid interest, if any, of all Notes to be redeemed on the redemption
date. 
  
 SECTION 8. No Mandatory Redemption. For
the avoidance of doubt, an offer to purchase pursuant to Section 9 hereof shall not be deemed a redemption. The Company shall not be required to make mandatory redemption payments with respect to the Notes. 
  
 SECTION 9. Repurchase at Option of Holder. Upon the occurrence
of a Change of Control, and subject to certain conditions set forth in the Indenture, each Holder shall have the right to require that the Company to purchase all or a portion of such Holder’s Notes pursuant to a Change of Control Offer at a
purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, thereon to but not including the date of purchase. 
  
 The Company is, subject to certain conditions and exceptions, obligated to make an offer to all Holders to purchase that amount of Notes (and Pari Passu
Indebtedness) equal to the Net Proceeds Offer Amount at a price equal to 100% of their principal amount, plus accrued and unpaid interest thereon, if any, to but not including the date of purchase, with certain Net Cash Proceeds of certain sales or
other dispositions of assets in accordance with the Indenture. 
  
 SECTION 10. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $1,000 and integral multiples of $1,000. The transfer of Notes may be registered and Notes may be exchanged as
provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted
by the Indenture. The Company and the Registrar are not required to transfer or exchange any Note selected for redemption. Also, the Company and the Registrar are not required to transfer or exchange any Notes for a period of 15 days before a
selection of Notes to be redeemed. 
  
 SECTION 11. Persons
Deemed Owners. The registered Holder of a Note may be treated as its owner for all purposes. 
  
 SECTION 12. Amendment, Supplement and Waiver. Subject to certain exceptions, the Indenture and the Notes may be amended or supplemented with the
written consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding, and any existing Default or compliance with any provision may be waived with the consent of the Holders of a majority in aggregate
principal amount of the Notes then outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency in the Indenture,
provide for uncertificated Notes in addition to certificated Notes, comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust Indenture Act, to terminate, replace, amend, modify or
supplement any Security Document as 

  

 A-6 

 
provided in Section 3(e) of the Deposit Agreement as in effect on the date of the Indenture or make any change that does not materially adversely affect the
rights of any Holder of a Note. 
  
 SECTION 13. Defaults and
Remedies. If a Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes generally may declare all the Notes to be due and payable immediately. Notwithstanding the foregoing,
in the case of a Default arising from certain events of bankruptcy or insolvency as set forth in the Indenture, with respect to the Company, all outstanding Notes will become due and payable without further action or notice. Holders of the Notes may
not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Holders of the Notes notice of any continuing Default if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the
Trustee may on behalf of the Holders of all of the Notes waive any existing Default and its consequences under the Indenture except a continuing Default in the payment of interest on, or the principal of, or the premium on, the Notes. 
  
 SECTION 14. Restrictive Covenants. The Indenture contains certain
covenants that, among other things, limit the ability of the Company and its Restricted Subsidiaries to make restricted payments, to incur indebtedness, to create liens, to sell assets, to permit restrictions on dividends and other payments by
Restricted Subsidiaries of the Company, to consolidate, merge or sell all or substantially all of its assets or to engage in transactions with affiliates. The limitations are subject to a number of important qualifications and exceptions. The
Company must annually report to the Trustee on compliance with such limitations and other provisions in the Indenture. 
  
 SECTION 15. No Recourse Against Others. No director, officer, employee, incorporator, stockholder, member or manager of the Company or any
Guarantor shall have any liability for any obligations of the Company under the Notes or the Indenture, or of any Guarantor under its Guarantee or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 
  
 SECTION 16. Guarantees. This Note may be entitled to the benefits of certain Guarantees made for the benefit of the
Holders. Reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and obligations thereunder of the Guarantors, the Trustee and the Holders. 
  
 SECTION 17. Trustee Dealings with the Company. Subject to certain
terms, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Company, their Subsidiaries or their respective Affiliates as if it were not the Trustee.

  
 SECTION 18. Authentication. This Note shall not be
valid until authenticated by the manual signature of the Trustee or an authenticating agent. 
  

 A-7 

 SECTION 19. Abbreviations. Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entirety), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
  
 SECTION 20. Additional Rights of Holders of Restricted Global Notes and
Restricted Definitive Notes. Pursuant to, but subject to the exceptions in, the Registration Rights Agreement, the Company and the Guarantors will be obligated to consummate an exchange offer pursuant to which the Holder of this Note shall have
the right to exchange this Note for a 10  1/2% Senior Secured Note due 2013 of the Company which shall have been
registered under the Securities Act, in like principal amount and having terms identical in all material respects to this Note (except that such Note shall not be entitled to Additional Interest and shall not contain terms with respect to transfer
restrictions). The Holders shall be entitled to receive certain Additional Interest in the event such exchange offer is not consummated or the Notes are not offered for resale and upon certain other conditions, all pursuant to and in accordance with
the terms of the Registration Rights Agreement.a 
  
 SECTION 21. CUSIP and ISIN Numbers. Pursuant to a recommendation
promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP and ISIN numbers to be printed on the Notes and the Trustee may use CUSIP or ISIN numbers in notices of redemption as a convenience to Holders.
No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
  
 SECTION 22. Governing Law. This Note shall be governed by, and
construed in accordance with, the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the law of another jurisdiction would be required thereby. 

 
 The Company will furnish to any Holder upon written request and without
charge a copy of this Indenture. 

	a	This Section not to appear on Exchange Notes or Private Exchange Notes or Additional Notes unless required by the terms of such Additional Notes.

  

 A-8 

  
 ASSIGNMENT FORM 

 
 I or we assign and transfer this Note to 
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
 (Print or type name, address and zip
code of assignee or transferee) 
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
 (Insert Social Security or other
identifying number of assignee or transferee) 
  
 and irrevocably appoint
                                        
                     agent to transfer this Note on the books of the Company. The agent may substitute another to act for him. 
  

					
	 Dated:                    
	  	Signed:	  	_____________________________
	 	  	 	  	 (Sign exactly as name appears on
 the other side of
this Note)

  

					
	 Signature Guarantee:
	  	 	  	___________________________________________
	 	  	 	  	Participant in a recognized Signature Guarantee
Medallion Program (or other signature guarantor
program reasonably acceptable to the Trustee)

  
 In connection with any
transfer of this Note occurring prior to the date which is the date following the second anniversary of the original issuance of this Note, the undersigned confirms that it has not utilized any general solicitation or general advertising in
connection with the transfer and is making the transfer pursuant to one of the following: 
  
 [Check One] 
  

				
		
	(1	)  ̈	 	to the Company or a subsidiary thereof; or
		
	(2	)  ̈	 	to a person who the transferor reasonably believes is a “qualified institutional buyer” pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended
(the “Securities Act”); or
		
	(3	)  ̈	 	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee a signed letter containing
certain representations and agreements (the form of which letter can be obtained from the Trustee); or
		
	(4	)  ̈	 	outside the United States to a non-”U.S. person” as defined in Rule 902 of Regulation S under the Securities Act in compliance with Rule 904 of Regulation S under the Securities
Act; or

  

 A-9 

				
		
	(5	)  ̈	 	pursuant to the exemption from registration provided by Rule 144 under the Securities Act; or
		
	(6	)  ̈	 	pursuant to an effective registration statement under the Securities Act.

  
 and unless the box below is checked,
the undersigned confirms that such Note is not being transferred to an “affiliate” of the Company as defined in Rule 144 under the Securities Act (an “Affiliate”): 
  
  ̈ The transferee is
an Affiliate of the Company. 
  
 Unless one of the foregoing items
(1) through (6) is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any person other than the registered Holder thereof; provided, however, that if item (3), (4) or (5) is
checked, the Company or the Trustee may require, prior to registering any such transfer of the Notes, in their sole discretion, such written legal opinions, certifications (including an investment letter in the case of box (3) or (4)) and other
information as the Trustee or the Company has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. 
  
 If none of the foregoing items (1) through (6) are checked, the Trustee or
Registrar shall not be obligated to register this Note in the name of any person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section 2.16 of the Indenture shall have been
satisfied. 
  

					
	 Dated:                    
	  	Signed:	  	_____________________________
	 	  	 	  	(Sign exactly as name appears on the other side of this Note)

  

					
	 Signature Guarantee:
	  	 	  	___________________________________________
	 	  	 	  	Participant in a recognized Signature Guarantee Medallion
Program (or other signature guarantor program reasonably
acceptable to the Trustee)

  

 A-10 

  
 TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS
CHECKED 
  
 The undersigned represents and warrants that it is
purchasing this Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities
Act and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such
information and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

									
					
	Dated:	 	 _________________
	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 NOTICE: To be executed by an executive officer

  

 A-11 

  
 OPTION OF HOLDER TO ELECT
PURCHASE 
  
 If you want to elect to have this Note purchased by
the Company pursuant to Section 4.07 or Section 4.11 of the Indenture, check the appropriate box: 
  

			
	Section 4.07  ̈	 	Section 4.11  ̈

  
 If you want to elect
to have only part of this Note purchased by the Company pursuant to Section 4.07 or Section 4.11 of the Indenture, state the amount (in denominations of $1,000 and integral multiples thereof):
$                     
  

									
					
	Dated:	 	 ________________
	 	 	 	Signed:  	 	 
	 	 	 	 	 	 	 	 	(Sign exactly as name appears on the other side of this Note)
					
	 	 	 	 	 	 	 Signature Guarantee:  
	 	 
	 	 	 	 	 	 	 	 	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee)

  

 A-12 

  
 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTEa 
  
 The following exchanges of a part of this Global Note for an interest in another Global Note or for a Physical Note, or
exchanges of a part of another Global Note or Physical Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange

	  	 Amount of decrease in
 Principal Amount of
 this Global Note

	  	 Amount of increase in
 Principal Amount of
 this Global Note

	  	 Principal Amount of
 this Global Note
 following such decrease
 (or increase)

	  	 Signature of
 authorized officer of
 Trustee or Note
 Custodian

	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

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

  

 A-13 

  
 EXHIBIT B 

 
 FORM OF LEGENDS 
  
 Each Global Note and Physical Note that constitutes a Restricted Security
shall bear the following legend (the “Private Placement Legend”) on the face thereof until after the second anniversary of the Issue Date, unless otherwise agreed by the Company and the Holder thereof or if such legend is no longer
required by Section 2.16(f) of the Indenture: 
  
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S.
PERSONS EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) OR (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING
THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT, (2) AGREES THAT IT WILL NOT WITHIN TWO YEARS AFTER THE ORIGINAL ISSUANCE OF THIS SECURITY RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO EXIDE
TECHNOLOGIES OR ANY SUBSIDIARY THEREOF, (B) INSIDE THE UNITED STATES TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) INSIDE THE UNITED STATES TO AN ACCREDITED INVESTOR (AS DEFINED IN RULE 501(a)(1), (2),
(3), OR (7) UNDER THE SECURITIES ACT) (AN “ACCREDITED INVESTOR”) THAT, PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER-DEALER) TO THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND
AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS SECURITY (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE FOR THIS SECURITY), (D) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE
SECURITIES ACT (IF AVAILABLE), (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED
UPON AN OPINION OF COUNSEL IF THE COMPANY SO REQUESTS) OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE
EFFECT OF THIS LEGEND. IN CONNECTION WITH ANY TRANSFER OF THIS SECURITY WITHIN TWO YEARS AFTER THE ORIGINAL ISSUANCE OF THIS SECURITY, IF THE PROPOSED TRANSFEREE IS AN ACCREDITED INVESTOR, THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE
TRUSTEE AND THE COMPANY SUCH CERTIFICATIONS, LEGAL 

  

 B-1 

 
OPINIONS OR OTHER INFORMATION AS EITHER OF THEM MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING GIVEN TO THEM BY REGULATION S UNDER
THE SECURITIES ACT. 
  
 Each Global Note authenticated and
delivered hereunder shall also bear the following legend: 
  
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THIS INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS NOTE IS NOT
EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THIS INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE
DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THIS INDENTURE. 
  
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  
 TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTION 2.16 OF THIS INDENTURE. 
  

 B-2 

  
 EXHIBIT C 

 
 Form of Certificate To Be 
 Delivered in Connection with 
 Transfers to Non-QIB Institutional Accredited Investors 
  
 [                    ], [        ] 
  
 SunTrust Bank 
 919 East Main Street 

Richmond, Virginia 23219 
 T: 804-782-5170 
 F: 804-782-7855 
 Attention: Corporate Trust Department, Mail Code HDQ 5310

  
 Ladies and Gentlemen: 
  
 In connection with our proposed purchase of 10  1/2% Senior Secured Notes due 2013 (the “Notes”) of EXIDE TECHNOLOGIES, a Delaware corporation (the
“Company”), we confirm that: 
  
 1. We understand that any subsequent transfer of the Notes is subject to certain restrictions and conditions set forth in the Indenture relating to the Notes (the “Indenture”) and the undersigned agrees to be bound by, and
not to resell, pledge or otherwise transfer the Notes except in compliance with, such restrictions and conditions and the Securities Act of 1933, as amended (the “Securities Act”), and all applicable state securities laws.

  
 2. We understand that the offer and sale of
the Notes have not been registered under the Securities Act, and that the Notes may not be offered, sold, pledged or otherwise transferred except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for
which we are acting as hereinafter stated, that if we should sell, offer, pledge or otherwise transfer any Notes, we will do so only (A) to the Company or any of the Company’s Subsidiaries, (B) inside the United States to a “qualified
institutional buyer” (as defined in Rule 144A under the Securities Act) in a transaction complying with Rule 144A under the Securities Act, (C) inside the United States to an institutional “accredited investor” (as defined in Rule
501(a)(1), (2), (3) or (7) under the Securities Act) (an “Accredited Investor”), that, prior to such transfer, furnishes (or has furnished on its behalf by a U.S. broker-dealer) to the Trustee a signed letter containing certain
representations and agreements relating to the restrictions on transfer of the Notes (the form of which letter can be obtained from such Trustee), (D) outside the United States in compliance with Rule 904 under the Securities Act, (E) pursuant to
the exemption from registration provided by Rule 144 under the Securities Act (if available), (F) in accordance with another exemption from the registration requirements of the Securities Act (and based upon an opinion of counsel if we so request)
or (G) pursuant to 

  

 C-1 

 
an effective registration statement under the Securities Act, and we further agree to provide to any person purchasing any of the Notes from us a notice
advising such purchaser that resales of the Notes are restricted as stated herein. 
  
 3. We are not acquiring the Notes for or on behalf of, and will not transfer the Notes to, any employee benefit plan subject to Title I of
the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), any plan, individual retirement accounts or other arrangements subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the
“Code”), or provisions under any federal, state, local, or non-U.S. or other laws or regulations that are similar to such provisions of ERISA of the Code or any entity whose underlying assets are considered to include “plan
assets” of such plans, accounts or arrangements, except as permitted in the sections entitled “Notice to investors” and “Certain ERISA considerations” of the Offering Memorandum of the Company relating to the Notes dated
March 15, 2005. 
  
 4. We understand that, on any
proposed resale of any Notes, we will be required to furnish to the Trustee and the Company such certification, legal opinions and other information as the Trustee and the Company may reasonably require to confirm that the proposed sale complies
with the foregoing restrictions. We further understand that the Notes purchased by us will bear a legend to the foregoing effect. 
  
 5. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the
Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we and any accounts for which we are acting are each able to bear the
economic risk of our or their investment, as the case may be. 
  
 6. We are acquiring the Notes purchased by us for our account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which we exercise sole investment
discretion. 
  

 C-2 

 You, as Trustee, the Company, counsel for the Company and others are entitled to rely upon this letter
and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 
  

			
	 Very truly yours,
  
 [Name of Transferee]

		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

  

 C-3 

  
 EXHIBIT D 

 
 Form of Certificate To Be Delivered 
 in Connection with Transfers 
 Pursuant to
Regulation S 
  
 [                    ], [        ] 
  
 SunTrust Bank 
 919 East Main Street 

Richmond, Virginia 23219 
 T: 804-782-5170 
 F: 804-782-7855 
 Attention: Corporate Trust Department, Mail Code HDQ 5310

  

	 	Re:	Exide Technologies (the “Company”) 

	 	    	10  1/2% Senior Secured Notes due 2013
(the “Notes”) 

  
 Ladies and Gentlemen: 
  
 In connection with our proposed sale of $[        ] aggregate principal amount of the Notes, we confirm that such
sale has been effected pursuant to and in accordance with Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent that: 
  
 (1) the offer of the Notes was not made to a person in the
United States; 
  
 (2) either (a) at the time the
buy offer was originated, the transferee was outside the United States or we and any person acting on our behalf reasonably believed that the transferee was outside the United States, or (b) the transaction was executed in, on or through the
facilities of a designated offshore securities market and neither we nor any person acting on our behalf knows that the transaction has been prearranged with a buyer in the United States; 
  
 (3) no directed selling efforts have been made in the United
States in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S, as applicable; 
  
 (4) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and 
  
 (5) we have advised the transferee of the transfer
restrictions applicable to the Notes. 
  
 You, as Trustee, the
Company, counsel for the Company and others are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with
respect to the 

  

 D-1 

 
matters covered hereby. Terms used in this certificate have the meanings set forth in Regulation S. 
  

			
	 Very truly yours,
  
 [Name of Transferor]

		
	By:	 	 
	 	 	Authorized Signatory

  

 D-2 

  
 EXHIBIT E 

 
 GUARANTEE 
  
 For value received, each of the undersigned (including any successor Person
under the Indenture) hereby unconditionally guarantees, jointly and severally, to the extent set forth in the Indenture (as defined below) to the Holder of this Note the payment of principal, premium, if any, and interest on this Note in the amounts
and at the times when due and interest on the overdue principal, premium, if any, and interest, if any, of this Note when due, if lawful, and, to the extent permitted by law, the payment or performance of all other obligations of the Issuer under
the Indenture or the Notes, to the Holder of this Note and the Trustee, all in accordance with and subject to the terms and limitations of this Note, the Indenture, including Article Ten thereof, and this Guarantee. This Guarantee will become
effective in accordance with Article Ten of the Indenture and its terms shall be evidenced therein. The validity and enforceability of any Guarantee shall not be affected by the fact that it is not affixed to any particular Note. 
  
 Capitalized terms used but not defined herein shall have the meanings
ascribed to them in the Indenture dated as of March 18, 2005, among Exide Technologies, a Delaware corporation (the “Company”), the Guarantors named therein and SunTrust Bank, as trustee (the “Trustee”), as amended
or supplemented (the “Indenture”). 
  
 The
obligations of the undersigned to the Holders of Notes and to the Trustee pursuant to this Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby made to the Indenture for the precise terms of the
Guarantee and all of the other provisions of the Indenture to which this Guarantee relates. 
  
 No director, officer, employee, incorporator, stockholder, member or manager of any Guarantor, as such, shall have any liability for any obligations of such Guarantors under such Guarantors’ Guarantee or the
Indenture or for any claim based on, in respect of, or by reason of, such obligation or its creation. 
  
 This Guarantee shall be governed by, and construed in accordance with, the laws of the State of New York, but without giving effect to applicable
principals of conflicts of law to the extent that the application of the law of another jurisdiction would be required thereby. 
  
 This Guarantee is subject to release upon the terms set forth in the Indenture. 
  

 E-1 

  
 IN WITNESS WHEREOF, each
Guarantor has caused its Guarantee to be duly executed. 
  
 Date: 
  

			
	[                                ]
		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

  

 E-2 

  
 EXHIBIT F 

 
 FORM OF INTERCREDITOR AGREEMENT 
  

 F-1 

  
 EXHIBIT G 

 
 FORM OF SECURITY AGREEMENT 
  

 G-1 

  
 EXHIBIT H 

 
 FORM OF PLEDGE AGREEMENT 
  

 H-1Indenture dated as of March 18, 2005 Re: Convertible Notes

 Exhibit 10.2 
  
 EXIDE TECHNOLOGIES 
  
 Floating Rate Convertible Senior Subordinated Notes due 2013 
  

  
 INDENTURE 
  
 Dated as of March 18, 2005 
  

  
 SUNTRUST BANK 
  
 TRUSTEE 

 CROSS-REFERENCE TABLE* 
  

					
	 Trust Indenture Act Section

	  	Indenture Section

	 310(a)(1)
	  	 	  	7.10
	       (a)(2)
	  	 	  	7.10
	       (a)(3)
	  	 	  	N.A.
	       (a)(4)
	  	 	  	N.A.
	       (a)(5)
	  	 	  	N.A.
	       (b)
	  	 	  	7.08, 7.10
	       (c)
	  	 	  	N.A.
	 311(a)
	  	 	  	7.11
	       (b)
	  	 	  	7.11
	       (c)
	  	 	  	N.A.
	 312(a)
	  	 	  	2.07
	       (b)
	  	 	  	12.03
	       (c)
	  	 	  	12.03
	 313(a)
	  	 	  	7.06
	       (b)(1)
	  	 	  	7.06
	       (b)(2)
	  	 	  	7.06
	       (c)
	  	 	  	7.06
	       (d)
	  	 	  	7.06
	 314(a)
	  	 	  	4.02, 4.03
	       (b)
	  	 	  	N.A.
	       (c)(1)
	  	 	  	12.04
	       (c)(2)
	  	 	  	12.04
	       (c)(3)
	  	 	  	N.A.
	       (d)
	  	 	  	N.A.
	       (e)
	  	 	  	12.05
	       (f)
	  	 	  	N.A.
	 315(a)
	  	 	  	7.01(b)
	       (b)
	  	 	  	7.05
	       (c)
	  	 	  	7.01
	       (d)
	  	 	  	7.01(c)
	       (e)
	  	 	  	6.11
	 316(a)(1)(A)
	  	 	  	6.05
	       (a)(1)(B)
	  	 	  	6.04
	       (a)(2)
	  	 	  	N.A.
	       (b)
	  	 	  	6.07
	       (c)
	  	 	  	1.05(e)
	 317(a)(1)
	  	 	  	6.08
	       (a)(2)
	  	 	  	6.09
	       (b)
	  	 	  	2.06
	 318(a)
	  	 	  	N.A.

 N.A. means not applicable. 
  

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

  

 -i- 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	
	 ARTICLE 1
  
 DEFINITIONS AND INCORPORATION BY REFERENCE

			
	 Section 1.01.
	  	 Definitions
	  	1
	 Section 1.02.
	  	 Other Definitions
	  	6
	 Section 1.03.
	  	 Incorporation by Reference of Trust Indenture Act
	  	7
	 Section 1.04.
	  	 Rules of Construction
	  	7
	 Section 1.05.
	  	 Acts of Holders
	  	8
	
	 ARTICLE 2
  
 THE SECURITIES

			
	 Section 2.01.
	  	 Form and Dating
	  	9
	 Section 2.02.
	  	 Execution and Authentication
	  	9
	 Section 2.03.
	  	 Global Securities; Certificated Securities
	  	9
	 Section 2.04.
	  	 Registration; Registration of Transfer and Exchange; Restrictions on Transfer
	  	11
	 Section 2.05.
	  	 Registrar, Paying Agent and Conversion Agent
	  	13
	 Section 2.06.
	  	 Paying Agent to Hold Money in Trust
	  	13
	 Section 2.07.
	  	 Securityholder Lists
	  	13
	 Section 2.08.
	  	 Replacement Securities
	  	13
	 Section 2.09.
	  	 Outstanding Securities; Determinations of Holders’ Action
	  	14
	 Section 2.10.
	  	 Temporary Securities
	  	14
	 Section 2.11.
	  	 Cancellation
	  	15
	 Section 2.12.
	  	 Persons Deemed Owners
	  	15
	 Section 2.13.
	  	 CUSIP Numbers
	  	15
	
	 ARTICLE 3
  
 PURCHASE UPON CHANGE IN CONTROL

			
	 Section 3.01.
	  	 Right to Require Purchase of Securities Upon a Change in Control
	  	15
	 Section 3.02.
	  	 Effect of Change in Control Purchase Notice
	  	18
	 Section 3.03.
	  	 Deposit of Change in Control Purchase Price
	  	18
	 Section 3.04.
	  	 Securities Purchased in Part
	  	18
	 Section 3.05.
	  	 Covenant to Comply with Securities Laws upon Purchase of Securities
	  	18
	 Section 3.06.
	  	 Repayment to the Company
	  	19
	
	 ARTICLE 4
  
 COVENANTS

			
	 Section 4.01.
	  	 Payment of Securities
	  	19
	 Section 4.02.
	  	 SEC and Other Reports
	  	19
	 Section 4.03.
	  	 Statement of Officers as to Default
	  	20
	 Section 4.04.
	  	 Further Instruments and Acts
	  	20
	 Section 4.05.
	  	 Maintenance of Office or Agency
	  	20
	 Section 4.06.
	  	 Delivery of Certain Information
	  	20
	 Section 4.07.
	  	 Liquidated Damages
	  	21

  

 -ii- 

					
	 	  	 	  	Page

	
	 ARTICLE 5
  
 SUCCESSOR CORPORATION

			
	 Section 5.01.
	  	 Consolidation, Merger and Sale of Assets
	  	21
	
	 ARTICLE 6
  
 DEFAULTS AND REMEDIES

			
	 Section 6.01.
	  	 Events of Default
	  	21
	 Section 6.02.
	  	 Defaults and Remedies
	  	23
	 Section 6.03.
	  	 Other Remedies
	  	23
	 Section 6.04.
	  	 Waiver of Past Defaults
	  	23
	 Section 6.05.
	  	 Control by Majority
	  	23
	 Section 6.06.
	  	 Limitation on Suits
	  	24
	 Section 6.07.
	  	 Rights of Holders to Receive Payment
	  	24
	 Section 6.08.
	  	 Collection Suit by Trustee
	  	24
	 Section 6.09.
	  	 Trustee May File Proofs of Claim
	  	24
	 Section 6.10.
	  	 Priorities
	  	25
	 Section 6.11.
	  	 Undertaking to Pay Costs
	  	25
	 Section 6.12.
	  	 Waiver of Stay, Extension or Usury Laws
	  	25
	
	 ARTICLE 7
  
 TRUSTEE

			
	 Section 7.01.
	  	 Duties of Trustee
	  	26
	 Section 7.02.
	  	 Rights of Trustee
	  	26
	 Section 7.03.
	  	 Individual Rights of Trustee
	  	27
	 Section 7.04.
	  	 Trustee’s Disclaimer
	  	28
	 Section 7.05.
	  	 Notice of Default
	  	28
	 Section 7.06.
	  	 Reports by Trustee to Holders
	  	28
	 Section 7.07.
	  	 Compensation and Indemnity
	  	28
	 Section 7.08.
	  	 Replacement of Trustee
	  	29
	 Section 7.09.
	  	 Successor Trustee by Merger, Etc.
	  	30
	 Section 7.10.
	  	 Eligibility; Disqualification
	  	30
	 Section 7.11.
	  	 Preferential Collection of Claims Against the Company
	  	30
	 Section 7.12.
	  	 Co-trustees, Separate Trustee, Collateral Agent
	  	30
	
	 ARTICLE 8
  
 DISCHARGE OF INDENTURE

			
	 Section 8.01.
	  	 Discharge of Liability on Securities
	  	31
	 Section 8.02.
	  	 Repayment to the Company
	  	31
	
	 ARTICLE 9
  
 AMENDMENTS

			
	 Section 9.01.
	  	 Without Consent of Holders
	  	31
	 Section 9.02.
	  	 With Consent of Holders
	  	32
	 Section 9.03.
	  	 Compliance with Trust Indenture Act
	  	33
	 Section 9.04.
	  	 Revocation and Effect of Consents
	  	33

  

 -iii- 

					
	 	  	 	  	Page

	 Section 9.05.
	  	 Notation on or Exchange of Securities
	  	33
	 Section 9.06.
	  	 Trustee to Sign Supplemental Indentures
	  	33
	 Section 9.07.
	  	 Effect of Supplemental Indentures
	  	33
	
	 ARTICLE 10
  
 SUBORDINATION

			
	 Section 10.01.
	  	 Agreement of Subordination
	  	33
	 Section 10.02.
	  	 Payments to Holders
	  	34
	 Section 10.03.
	  	 Subrogation of Securities
	  	35
	 Section 10.04.
	  	 Authorization to Effect Subordination
	  	36
	 Section 10.05.
	  	 Notice to Trustee
	  	36
	 Section 10.06.
	  	 Trustee’s Relation to Senior Indebtedness
	  	37
	 Section 10.07.
	  	 No Impairment of Subordination
	  	37
	 Section 10.08.
	  	 Certain Conversions Deemed Payment
	  	37
	 Section 10.09.
	  	 Article Applicable to Paying Agents
	  	37
	 Section 10.10.
	  	 Senior Indebtedness Entitled to Rely
	  	38
	
	 ARTICLE 11
  
 CONVERSIONS

			
	 Section 11.01.
	  	 Conversion Privilege
	  	38
	 Section 11.02.
	  	 Conversion Procedure
	  	40
	 Section 11.03.
	  	 Payment upon Conversion; Cash Payments in Lieu of Fractional Shares
	  	41
	 Section 11.04.
	  	 Adjustments Below Par Value
	  	41
	 Section 11.05.
	  	 Taxes on Conversion
	  	41
	 Section 11.06.
	  	 Company to Provide Stock
	  	41
	 Section 11.07.
	  	 Conversion Price Adjustments
	  	42
	 Section 11.08.
	  	 No Adjustment
	  	45
	 Section 11.09.
	  	 Equivalent Adjustments
	  	45
	 Section 11.10.
	  	 Adjustment for Tax Purposes
	  	45
	 Section 11.11.
	  	 Notice of Adjustment
	  	45
	 Section 11.12.
	  	 Notice of Certain Transactions
	  	46
	 Section 11.13.
	  	 Effect of Reclassification, Consolidation, Merger, Share Exchange or Sale on Conversion Privilege
	  	46
	 Section 11.14.
	  	 Trustee’s Disclaimer
	  	47
	 Section 11.15.
	  	 [Intentionally Omitted]
	  	47
	 Section 11.16.
	  	 Simultaneous Adjustments
	  	47
	
	 ARTICLE 12
  
 MISCELLANEOUS

			
	 Section 12.01.
	  	 Trust Indenture Act Controls
	  	47
	 Section 12.02.
	  	 Notices
	  	47
	 Section 12.03.
	  	 Communication by Holders with Other Holders
	  	48
	 Section 12.04.
	  	 Certificate and Opinion as to Conditions Precedent
	  	48
	 Section 12.05.
	  	 Statements Required in Certificate or Opinion
	  	48
	 Section 12.06.
	  	 Separability Clause
	  	49
	 Section 12.07.
	  	 Rules by Trustee, Paying Agent, Conversion Agent and Registrar
	  	49
	 Section 12.08.
	  	 Legal Holidays
	  	49
	 Section 12.09.
	  	 Governing Law
	  	49
	 Section 12.10.
	  	 No Recourse Against Others
	  	49

  

 -iv- 

					
	 	  	 	  	Page

	 Section 12.11.
	  	 Successors
	  	49
	 Section 12.12.
	  	 Multiple Originals
	  	49

			
		
	 Exhibit A-1
	  	 Form of Global Security

		
	 Exhibit A-2
	  	 Form of Certificated Security

		
	 Exhibit B
	  	 Form of Transfer Certificate

		
	 Schedule 1
	  	 Make Whole Premium on Change in Control

  

 -v- 

 INDENTURE dated as of March 18, 2005 between EXIDE TECHNOLOGIES, a Delaware corporation (the
“Company”), and SUNTRUST BANK, a banking corporation organized and existing under the laws of the State of Georgia, as Trustee (the “Trustee”). 
  
 Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the
Company’s Floating Rate Convertible Senior Subordinated Notes due 2013 (“Notes”): 
  
 ARTICLE 1 
  
 DEFINITIONS AND INCORPORATION BY REFERENCE 
  
 Section
1.01. Definitions. 
  
 “Affiliate” means,
with respect to any specified Person, any other Person who directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such specified Person. The term “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling”
and “controlled” have meanings correlative of the foregoing. Notwithstanding the foregoing, no Person (other than the Company or any Subsidiary of the Company) in whom a Receivables Entity makes an Investment in connection with a
Qualified Receivables Transaction shall be deemed to be an Affiliate of the Company or any of its Subsidiaries solely by reason of such Investment. 
  
 “Applicable Procedures” means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein,
the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transaction and as in effect from time to time. 
  
 “Bankruptcy Law” means Title 11 of the United States Code, as amended, or any insolvency or other similar federal or state law for the
relief of debtors. 
  
 “Board of Directors” means
either the board of directors of the Company or any duly authorized committee of such 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 of
such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
  
 “Business Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in New York, New York are
authorized or required by law to close. 
  
 “Capital
Stock” means: 
  
 (1) with respect to
any person that is a corporation, any and all shares, interests, participations or other equivalents (however designated and whether or not voting) of corporate stock, including each class of Common Stock and preferred stock of such person, and all
options, warrants or other rights to purchase or acquire any of the foregoing; and 
  
 (2) with respect to any Person that is not a corporation, any and all partnership, membership or other equity interests of such Person,
and all options, warrants or other rights to purchase or acquire any of the foregoing. 
  
 “Certificated Securities” means Securities that are in the form of the Securities attached hereto as Exhibit A-2. 
  
 “Change in Control” shall be deemed to have occurred at such time after the original issuance of the
Securities as any of the following occur: 
  
 (1)
any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company, to any person or group of related persons, as defined in Section 13(d) of the Exchange Act
(a “Group”) together with any affiliates thereof (whether or not otherwise in compliance with the provisions of this Indenture); 
  

 (2) the approval by the holders of Capital Stock of the Company of any plan or proposal
for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of this Indenture); 
  
 (3) any person or Group shall become the owner, directly or indirectly, beneficially or of record, of shares representing more than 50% of
the aggregate ordinary voting power represented by the Company’s issued and outstanding Capital Stock of the Company; or 
  
 (4) the replacement of a majority of the Board of Directors of the Company over a two-year period from the directors who constituted the
Board of Directors of the Company at the beginning of such period, and such replacement shall not have been approved by a vote of at least a majority of the Board of Directors of the Company then still in office who either were members of such Board
of Directors at the beginning of such period or whose election as a member of such Board of Directors was previously so approved. 
  
 “Closing Date” means March 18, 2005. 
  
 “Common Stock” means the common stock of the Company, $0.01 par value per share, as it exists on the date of this Indenture and any
shares of any class or classes of capital stock of the Company resulting from any reclassification or reclassifications thereof and which have no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary
liquidation, dissolution or winding-up of the Company and which are not subject to redemption by the Company; provided, however, that if at any time there shall be more than one such resulting class, the shares of each such class then
so issuable on conversion of Securities shall be substantially in the proportion which the total number of shares of such class resulting from all such reclassifications bears to the total number of shares of all such classes resulting from all such
reclassifications. 
  
 “Company” means the party
named as the “Company” in the first paragraph of this Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. The foregoing sentence shall likewise apply
to any subsequent such successor or successors. 
  
 “Company Order” means a written request or order signed in the name of the Company by any two Officers. 
  
 “Conversion Rate” means $1,000 divided by the then applicable Conversion Price. 
  
 “Corporate Trust Office” means the corporate trust office of
the Trustee located at 919 East Main Street, Richmond, Virginia 23219, Attention: Corporate Trust Department, Mail Code HDQ 5310, or such other office, designated by the Trustee by written notice to the Company, at which at any particular time its
corporate trust business shall be administered. 
  
 “Credit Agreement” means the Credit Agreement dated as of May 5, 2004, by and among the Company, one or more of its subsidiaries, the lenders party thereto in their capacities as lenders thereunder and Deutsche Bank AG New
York Branch, as administrative agent, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and
restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements, indentures or similar agreements extending the maturity of, refinancing, replacing or otherwise restructuring
(including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any
successor or replacement agreement or agreements and whether by the same or any other agent, lender or group of lenders or investors. 
  

 -2- 

 “Credit Facilities” means, with respect to the Company or any of its subsidiaries, one
or more debt facilities, including the Credit Agreement, or commercial paper facilities with banks or other institutional lenders or investors or indentures providing for revolving credit loans, term loans, receivables financing, including through
the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against receivables, letters of credit, bank guarantees or other long-term indebtedness, including any guarantees, collateral documents,
instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof and any indentures or credit facilities or commercial paper facilities with banks
or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that
increases the amount borrowable thereunder or alters the maturity thereof. 
  
 “Default” means any event that is, or after notice or passage of time or both would be, an Event of Default. 
  
 “Depositary” means, with respect to the Securities (including any Global Securities), a clearing agency that is registered as such under
the Exchange Act and is designated by the Company to act as Depositary for the Securities (or any successor securities clearing agency so registered). 
  
 “Designated Senior Indebtedness,” as defined in this Indenture, with respect to a person, means: 
  
 (1) Obligations pursuant to, or in respect of, the Credit
Agreement; and 
  
 (2) any other Senior
Indebtedness of such person which, at the date of determination, has an aggregate principal amount outstanding of, or under which, at the date of determination, the holders thereof are committed to lend up to, at least $25.0 million and is
specifically designated by such person in the instrument evidencing or governing such Senior Indebtedness as “Designated Senior Indebtedness” for purposes of this Indenture. 
  
 “DTC” means The Depository Trust Company, a New York corporation. 
  
 “Ex-dividend date” means, with respect to any issuance or
distribution, the date immediately prior to the commencement of “ex-dividend” trading for such issuance or distribution on The New York Stock Exchange or such other national securities exchange or The Nasdaq Stock Market or similar system
of automated dissemination of quotations of securities prices on which the Common Stock is then listed or quoted. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute thereto. 
  
 “Global Securities” means a Security that is registered in
the name of the Depositary or a nominee thereof. 
  
 “Hedging Obligations” of any Person means the obligation of such Person under swap, cap, collar, forward purchase or similar agreements or arrangements dealing with interest rates, currency exchange rates or commodity
prices, either generally or under specific contingencies. 
  
 “Holder” or “Securityholder” means any registered holder, from time to time of the Notes. 
  
 “Indebtedness” means, with respect to any Person, without duplication: 
  
 (1) all Obligations of such Person for borrowed money; 
  
 (2) all Obligations such Person evidenced by bonds,
debentures, notes or other similar instruments; 
  
 (3) all Obligations of such Person under a lease that are required to be classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the
capitalized amount of such obligations at such date, determined in accordance with GAAP; 
  

 -3- 

 (4) all Obligations of such Person issued or assumed as the deferred purchase price of
property, all conditional sale obligations and all Obligations under any title retention agreement (but excluding trade accounts payable and other accrued liabilities arising in the ordinary course of business); 
  
 (5) all Obligations for the reimbursement of any obligor on
any letter of credit, banker’s acceptance or similar credit transaction; 
  
 (6) guarantees and other contingent obligations in respect of Indebtedness referred to in clauses (1) through (5) above and clause (8) below; 
  
 (7) all Obligations of any other Person of the type referred to in clauses (1) through (6) which are secured
by any lien on any property or asset of such Person, the amount of such Obligation being deemed to be the lesser of the fair market value of such property or asset or the amount of the Obligation so secured; and 
  
 (8) all net amounts owing under any currency agreements and
interest swap agreements of such Person. 
  
 “Indenture” means this Indenture, as amended or supplemented from time to time in accordance with the terms hereof. 
  
 “Initial Purchasers” means Deutsche Bank Securities Inc. and Credit Suisse First Boston LLC. 
  
 “Initial Securities” means the first $60 million aggregate
principal amount of Securities issued under this Indenture on the date hereof, together with up to $9,000,000 aggregate principal amount of Securities if the Initial Purchasers’ option to purchase additional Securities is exercised. 

 
 “Issue Date” of any Security means the date on which the
Security was originally issued or deemed issued as set forth on the face of the Security. 
  
 “Liquidated Damages” has the meaning set forth in the Registration Rights Agreement. 
  
 “Obligations” means all obligations for principal, premium, interest (including any interest accruing subsequent to the filing of a
petition of bankruptcy at the rate provided for in the documentation with respect hereto, whether or not such interest is an allowed claim under applicable law), penalties, fees, indemnifications, reimbursements, damages and other liabilities
payable under the documentation governing any Indebtedness. 
  
 “Offering Memorandum” means the offering memorandum dated March 15, 2005, regarding the offering of the Securities. 
  
 “Officer” means any of the following of the Company: the Chairman of the Board of Directors, the Chief Executive Officer, the Chief
Financial Officer, the President, any Vice President, the Treasurer or the Secretary. 
  
 “Officers’ Certificate” means a certificate signed by two Officers. 
  
 “Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may be an
employee of, or counsel to, the Company, a Subsidiary Guarantor or the Trustee. 
  
 “Person” or “person” means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization,
government or any agency or political subdivision thereof or other entity. 
  
 “Principal Amount” or “principal amount” of a Security means the Principal Amount as set forth on the face of the Security. 
  

 -4- 

 “Registration Rights Agreement” means the Registration Rights Agreement dated as of the
Issue Date between the Company and the Initial Purchasers, as amended, supplemented or modified from time to time, and any similar agreement entered into in connection with the issuance of any Additional Notes. 
  
 “Representative” means the indenture trustee or other
trustee, agent or representative in respect of any Designated Senior Indebtedness; provided that if, and for as long as, any Designated Senior Indebtedness lacks such a representative, then the Representative for such Designated Senior
Indebtedness shall at all times constitute the holders of a majority in outstanding principal amount of such Designated Senior Indebtedness. 
  
 “Responsible Officer” means, when used with respect to the Trustee, any officer in the Corporate Trust Office of the Trustee to whom any
corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject and shall also mean any officer who shall have direct responsibility for the administration of this Indenture. 
  
 “Restricted Securities Legend” means the legend set forth on
the face of the form of the Global Security attached hereto as Exhibit A which is required to be included if such security is a Restricted Security. 
  
 “Restricted Security” means a Security required to bear the restrictive legend set forth in the form of Security attached hereto as
Exhibit A-1 or A-2, as applicable, representing Securities sold. 
  
 “Rule 144A” means Rule 144A under the Securities Act (or any successor provision), as it may be amended from time to time. 
  
 “SEC” means the Securities and Exchange Commission. 
  
 “Securities” means any of the Company’s Floating Rate Convertible Senior Subordinated Notes due 2013,
as amended or supplemented from time to time, issued under this Indenture, and in the form of Security attached hereto as Exhibit A. 
  
 “Securities Act” means the Securities Act of 1933, as amended, or any successor statute or statutes thereto. 
  
 “Securityholder” or “Holder” means a person
in whose name a Security is registered on the Registrar’s books. 
  
 “Senior Indebtedness,” as defined in this Indenture, means, with respect to any person: 
  
 (1) Indebtedness of such person, whether outstanding on the Issue Date or thereafter incurred; and 
  
 (2) all other Obligations of such person (including interest
accruing on or after the filing of any petition in bankruptcy or for reorganization relating to such person whether or not post-filing interest is allowed in such proceeding) in respect of Indebtedness described in clause (1) above, including,
without limitation, (x) all monetary obligations of every nature of Exide under, or with respect to, the Credit Facilities, including, without limitation, obligations to pay principal, premium and interest, reimbursement obligations under letters of
credit, fees, expenses and indemnities (and guarantees thereof) and (y) all Hedging Obligations of such person (and guarantees thereof); 
  
 unless, in the case of clauses (1) and (2), in the instrument creating or evidencing the same or pursuant to which the same is outstanding, it is provided that such
Indebtedness or other obligations are subordinate or pari passu in right of payment to the Securities of such person; provided, however, that Senior Indebtedness shall not include: 
  
 (1) any Obligation of such person to Exide or any of its
subsidiaries; 
  
 (2) any liability for Federal,
state, local or other taxes owed or owing by such person; 
  

 -5- 

 (3) any accounts payable or other liability, in each case, to trade creditors arising in
the ordinary course of business; provided that obligations incurred pursuant to the Credit Facilities shall not be excluded pursuant to this clause (3); or 
  
 (4) any Indebtedness or other Obligation of such person which is expressly subordinate or junior in right of
payment in any respect to any other Indebtedness or other Obligation of such person. 
  
 “Shelf Registration Statement” has the meaning set forth in the Security. 
  
 “Significant Subsidiary” has the meaning set forth in Rule 1-02(w) of Regulation S-X under the Exchange Act. 
  
 “Stated Maturity” means 
  
 (1) with respect to any debt security, the date specified in
such debt security as the fixed date on which the final installment of principal of such debt security is due and payable; and 
  
 (2) with respect to any scheduled installment of principal of or interest on any debt security, the date specified in such debt security
as the fixed date on which such installment is due and payable. 
  
 “Subsidiary” means any person of which at least a majority of the outstanding Voting Stock shall at the time directly or indirectly be owned or controlled by the Company or by one or more Subsidiaries or by the Company and
one or more Subsidiaries. 
  
 “Successor
Security” of any particular Security means every Security issued after, and evidencing all or a portion of the same debt as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated
and delivered under Section 2.08 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
  
 “Trading Day” means a day during which trading in securities
generally occurs on the New York Stock Exchange or, if the Common Stock is not listed on the New York Stock Exchange, on the principal other national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is
not listed on a national or regional securities exchange, on the National Association of Securities Dealers Automated Quotation System or, if the Common Stock is not quoted on the National Association of Securities Dealers Automated Quotation
System, on the principal other market on which the Common Stock is then traded. 
  
 “TIA” means the Trust Indenture Act of 1939 as amended. 
  
 “Trustee” means the party named as such in this Indenture until a successor replaces it in accordance with the provisions of this
Indenture and thereafter means such successor. 
  
 “Voting
Stock” means with respect to any Person, Capital Stock of any class or kind ordinarily having the power to vote for the election of directors, managers or other voting members of the governing body of such Person. 
  
 Section 1.02. Other Definitions 
  

			
	 Term:

	  	Defined in Section:

	 Act
	  	1.05(a)
	 Additional Shares
	  	1.01(c)
	 Agent Members
	  	2.03(a)
	 Aggregate Market Premium
	  	1.07(a)
	 Applicable Share Price
	  	1.03(a)
	 Change in Control
	  	3.01(a)
	 Change in Control Purchase Date
	  	3.01(a)

  

 -6- 

			
	 Term:

	  	Defined in Section:

	 Change in Control Purchase Notice
	  	3.01(c)
	 Change in Control Purchase Price
	  	3.01(a)
	 Closing Price
	  	11.07(b)
	 Continuing Directors
	  	3.01(a)
	 Conversion Agent
	  	2.05
	 Conversion Date
	  	11.02
	 Conversion Obligation
	  	1.03(a)
	 Conversion Price
	  	11.07
	 Conversion Retraction Period
	  	11.03(a)
	 effective date
	  	11.01(c)
	 Event of Default
	  	6.01
	 Group
	  	3.01(a)
	 Legal Holiday
	  	12.08
	 Notice of Default
	  	6.01
	 Partial Cash Amount
	  	11.03(a)
	 Paying Agent
	  	2.05
	 Payment Blockage Notice
	  	10.02
	 Public Acquirer Change in Control
	  	11.01(d)
	 Public Acquirer Common Stock
	  	11.01(d)
	 QIB
	  	2.03(a)
	 Registrar
	  	2.05
	 Restricted Global Security
	  	2.01
	 Rights
	  	11.07(c)
	 Rule 144A Information
	  	4.06
	 Security Register
	  	2.04(a)
	 Security Trading Price
	  	11.01
	 Share Price
	  	11.01(c)
	 Settlement Notice Period
	  	11.03(a)

  
 Section 1.03.
Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have
the following meanings: 
  
 “Commission” means
the SEC. 
  
 “indenture securities” means the
Securities. 
  
 “indenture security holder” means
a Securityholder. 
  
 “indenture to be qualified”
means this Indenture. 
  
 “indenture trustee” or
“institutional trustee” means the Trustee. 
  
 “obligor” on the indenture securities means the Company. 
  
 All other TIA terms used in this Indenture that are defined by the TIA, defined by a TIA reference to another statute or defined by an SEC rule have the meanings assigned to them by such definitions. 
  
 Section 1.04. Rules of Construction. Unless the context otherwise
requires: 
  
 (a) a term has the meaning assigned
to it; 
  

 -7- 

 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance
with generally accepted accounting principles as in effect from time to time; 
  
 (c) “or” is not exclusive; 
  
 (d) “including” means including, without limitation; and 
  
 (e) words in the singular include the plural, and words in the plural include the singular. 
  
 Section 1.05. Acts of Holders. 
  
 (a) Any request, demand, authorization, direction, notice, consent, waiver or
other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as
herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be
sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 1.05. 
  
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by
a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a
signer acting in a capacity other than such signer’s individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer’s authority. 
  
 The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may
also be proved in any other manner which the Trustee deems sufficient. 
  
 (c) The ownership of Registered Securities shall be proved by the register maintained by the Registrar. 
  
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of
the same Security and the holder of every Security 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 Security. 
  
 (e) If the Company shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a Board Resolution, fix in
advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If such a record date is fixed, such
request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes
of determining whether Holders of the requisite proportion of outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the outstanding
Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this
Indenture not later than six months after the record date. 
  

 -8- 

 ARTICLE 2 
  
 THE SECURITIES 
  
 Section 2.01. Form and Dating. The Securities and the Trustee’s certificate of authentication shall be substantially in the forms set forth on
Exhibit A-1 and A-2, which are a part of this Indenture and incorporated by reference herein. The Securities may have notations, legends or endorsements required by law, stock exchange rule or usage; provided that any such notation, legend or
endorsement required by usage is in a form acceptable to the Company. The Company shall provide any such notations, legends or endorsements to the Trustee in writing. Each Security shall be dated the date of its authentication. 
  
 Section 2.02. Execution and Authentication. The Securities shall be
executed on behalf of the Company by any Officer, under its corporate seal, if any, reproduced thereon. The signature of the officer of the Company on the Securities may be manual or facsimile. Securities bearing the manual or facsimile signatures
of individuals who were at the time of the execution of the Securities 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 Securities or did not hold such offices at the date of authentication of such Securities. 
  
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a
certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized officer, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that
such Security has been duly authenticated and delivered hereunder. 
  
 The Trustee shall authenticate and deliver Initial Securities for original issue in an aggregate Principal Amount of $60,000,000 (or up to $69,000,000 if the Initial Purchasers’ option to purchase additional Securities is exercised)
upon a Company Order without any further action by the Company. The aggregate Principal Amount of Securities outstanding at any time may not exceed the Initial Securities authenticated as described in this paragraph, except as provided in Section
2.08. 
  
 The Securities shall be issued only in registered form
without coupons and only in denominations of $1,000 of Principal Amount and any integral multiple thereof. 
  
 Section 2.03. Global Securities; Certificated Securities. 
  

(a) Global Securities. 
  
 (i) Securities offered and sold to qualified institutional buyers as defined in Rule 144A (“QIBs”) in reliance on Rule 144A shall be
issued in the form of a Global Security, which shall be deposited with the Trustee at its Corporate Trust Office, as custodian for the Depositary and registered in the name of the Depositary, duly executed by the Company and authenticated by the
Trustee as hereinafter provided. The aggregate principal amount of the Global Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary as hereinafter provided. 
  
 (ii) Each Global Security authenticated under this Indenture shall be
registered in the name of the Depositary designated by the Company for such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single
Security for all purposes of this Indenture. The Company initially designates DTC as the Depositary. 
  
 (iii) Each Global Security shall represent such of the outstanding Securities as shall be specified therein and each shall provide that it shall represent
the aggregate amount of outstanding Securities from time to time endorsed thereon and that the aggregate amount of outstanding Securities represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges,
redemptions and conversions. 
  

 -9- 

 (iv) Any adjustment of the aggregate principal amount of a Global Security to reflect the amount of any
increase or decrease in the amount of outstanding Securities represented thereby shall be made by the Trustee in accordance with instructions given by the Holder thereof as required by Section 2.04 and shall be made on the records of the Trustee and
the Depositary. 
  
 (v) Except for exchanges of Global Securities
for Certificated Securities at the sole discretion of the Company, no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any
Person other than the Depositary for such Global Security or a nominee thereof unless (A) such Depositary (1) has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or (2) has ceased to be a
clearing agency registered as such under the Exchange Act or announces an intention permanently to cease business or does in fact do so, (B) there shall have occurred and be continuing a Default with respect to such Global Security or (C) the
Company decides to discontinue the use of the system of book-entry transfer through the Depositary or any successor depositary. In the event clause (A) from the preceding sentence occurs, if a successor Depositary for such Global Security is not
appointed by the Company within 90 days after the Company receives such notice or becomes aware of such ineligibility, the Company shall execute, and the Trustee, upon receipt of an Officers’ Certificate directing the authentication and
delivery of Securities, shall authenticate and deliver, Securities, in any authorized denominations in an aggregate principal amount equal to the principal amount of such Global Security in exchange for such Global Security. 
  
 (vi) If any Global Security is to be exchanged for other Securities or
canceled in whole, it shall be surrendered by or on behalf of the Depositary or its nominee to the Trustee, as Registrar, for exchange or cancellation, as provided in this Article 2. If any Global Security is to be exchanged for other Securities or
canceled in part, or if another Security is to be exchanged in whole or in part for a beneficial interest in any Global Security, in each case, as provided in Section 2.04, then either (A) such Global Security shall be so surrendered for exchange or
cancellation, as provided in this Article 2, or (B) the Principal Amount thereof shall be reduced or increased by an amount equal to the portion thereof to be so exchanged or canceled, or equal to the Principal Amount of such other Security to be so
exchanged for a beneficial interest therein, as the case may be, by means of an appropriate adjustment made on the records of the Trustee, as Registrar, whereupon the Trustee, in accordance with the Applicable Procedures, shall instruct the
Depositary or its authorized representative to make a corresponding adjustment to its records. Upon any such surrender or adjustment of a Global Security, the Trustee shall, subject to Section 2.04(c) and as otherwise provided in this Article 2,
authenticate and deliver any Securities issuable in exchange for such Global Security (or any portion thereof) to or upon the order of, and registered in such names as may be directed by, the Depositary or its authorized representative. Upon the
request of the Trustee in connection with the occurrence of any of the events specified in Section 2.03(a)(v), the Company shall promptly make available to the Trustee a reasonable supply of Securities that are not in the form of Global Securities.
The Trustee shall be entitled to rely upon any order, direction or request of the Depositary or its authorized representative which is given or made pursuant to this Article 2 if such order, direction or request is given or made in accordance with
the Applicable Procedures. 
  
 (vii) Every Security authenticated
and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof, whether pursuant to this Article 2 or otherwise, shall be authenticated and delivered in the form of, and shall be, a
registered Global Security, unless such Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof, in which case such Security shall be authenticated and delivered in definitive, fully
registered form, without interest coupons. 
  
 (viii) The
Depositary or its nominee, as registered owner of a Global Security, shall be the Holder of such Global Security for all purposes under this Indenture and the Securities, and owners of beneficial interests in a Global Security shall hold such
interests pursuant to the Applicable Procedures. Accordingly, any such owner’s beneficial interest in a Global Security will be shown only on, and the transfer of such interest shall be effected only through, records maintained by the
Depositary or its nominee or its Agent Members and such owners of beneficial interests in a Global Security will not be considered the owners or holders thereof. 
  
 (ix) Subject to the provisions of clause (x) below, the registered Holder may grant proxies and otherwise authorize any
Person, including Agent Members (as defined below) and persons that may hold interests through Agent Members, to take any action which a holder is entitled to take under this Indenture or the Securities. 
  

 -10- 

 (x) Neither any members of, or participants in, the Depositary (collectively, the “Agent
Members”) nor any other Persons on whose behalf Agent Members may act shall have any rights under this Indenture with respect to any Global Security registered in the name of the Depositary or any nominee thereof, or under any such Global
Security, and the Depositary or such nominee, as the case may be, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and holder of such Global Security 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 such
nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other person on whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a holder
of any Security. 
  
 (b) Certificated Securities.
Securities not issued as interests in the Global Securities will be issued in certificated form substantially in the form of Exhibit A–2 attached hereto. 
  

Section 2.04. Registration; Registration of Transfer and Exchange; Restrictions on Transfer. 
  
 (a) Registration. The Company shall cause to be kept at the Corporate
Trust Office of the Trustee a register (the register maintained in such office referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the
registration of Securities and of transfers of Securities. 
  
 Upon surrender for registration of transfer of any Security at an office or agency of the Company designated pursuant to Section 2.05 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 Securities of any authorized denominations and of a like aggregate principal amount and bearing such restrictive legends as may be required by this Indenture. 
  
 At the option of the Holder, and subject to the other provisions of this
Section 2.04, Securities may be exchanged for other Securities of any authorized denomination and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at any such office or agency. Whenever any Securities are so
surrendered for exchange, and subject to the other provisions of this Section 2.04, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive. Every Security
presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee and
the Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 
  
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid Obligations of the Company, evidencing the same debt and entitled to the same benefits under this Indenture as the
Securities surrendered upon such registration of transfer or exchange. 
  
 No service charge shall be made to a Holder for any registration of transfer or exchange of Securities except as provided in Section 2.08, 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 Securities, other than exchanges pursuant to Section 2.04 (other than where the shares of Common Stock are to be issued or delivered in a name other than that of the
Holder of the Security) not involving any transfer and other than any stamp and other duties, if any, which may be imposed in connection with any such transfer or exchange by the United States or any political subdivision thereof or therein, which
shall be paid by the Company. 
  
 (b) Certain Transfers and
Exchanges. Notwithstanding any other provision of this Indenture or the Securities, transfers and exchanges of Securities and beneficial interests in a Global Security of the kinds specified in this Section 2.04(b) shall be made only in
accordance with this Section 2.04(b). 
  
 (i) In
the event that Certificated Securities are to be issued pursuant to Section 2.03(a)(v) in connection with any transfer of Securities, such transfer may be effected only in accordance with the provisions of this clause (b)(i) and subject to the
Applicable Procedures. Upon receipt by the Trustee, as 

  

 -11- 

 
Registrar, of (A) a Company Order from the Company directing the Trustee, as Registrar, to (x) authenticate and deliver one or more Securities of the same
aggregate principal amount as the beneficial interest in the Global Security to be transferred, such instructions to contain the name or names of the designated transferee or transferees, the authorized denomination or denominations of the
Securities to be so issued and appropriate delivery instructions and (y) decrease the beneficial interest of a specified Agent Member’s account in a Global Security by a specified principal amount not greater than the principal amount of such
Global Security, and (B) such other certifications, legal opinions or other information as the Company or the Trustee may reasonably require to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act, then the Trustee, as Registrar, shall decrease the principal amount of the Global Security by the specified amount and authenticate and deliver Securities in accordance with such instructions
from the Company as provided in Section 2.03(a)(iii). 
  
 (ii) Whenever any Restricted Security is presented or surrendered for registration of transfer or for exchange for a Security registered in a name other than that of the Holder, such Security must be accompanied by a certificate in
substantially the form set forth in Exhibit B, dated the date of such surrender and signed by the Holder of such Security, as to compliance with such restrictions on transfer. The Registrar shall not be required to accept for such registration of
transfer or exchange any Security not so accompanied by a properly completed certificate. 
  
 (c) Securities Act Legends. All Securities issued pursuant to this Indenture, and all Successor Securities, shall bear the Restricted Securities Legend subject to the following: 
  
 (i) subject to the following clauses of this Section
2.04(c), a Security or any portion thereof which is exchanged, upon transfer or otherwise, for a Global Security or any portion thereof shall bear the Restricted Securities Legend borne by such Global Security for which the Security was exchanged;

  
 (ii) subject to the following clauses of this
Section 2.04(c), a new Security that is not a Global Security and is issued in exchange for another Security (including a Global Security) or any portion thereof, upon transfer or otherwise, shall bear the Restricted Securities Legend borne by the
Security for which the new Security was exchanged; 
  
 (iii) any Securities that are sold or otherwise disposed of pursuant to an effective registration statement under the Securities Act (including the Shelf Registration Statement), together with their Successor Securities shall not bear a
Restricted Securities Legend; the Company shall inform the Trustee in writing of the effective date of any such registration statement registering the Securities under the Securities Act and shall notify the Trustee at any time when prospectuses
must be delivered with respect to Securities to be sold pursuant to such registration statement. The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with or in reliance on the aforementioned
registration statement; 
  
 (iv) a new Security
that does not bear a Restricted Securities Legend may be issued in exchange for or in lieu of a Security or any portion thereof that bears such a legend if, in the Company’s judgment, placing such a legend upon such new Security is not
necessary to ensure compliance with the registration requirements of the Securities Act, and the Trustee, at the direction of the Company by Company Order, shall authenticate and deliver such a new Security as provided in this Article 2; and

  
 (v) notwithstanding the foregoing provisions
of this Section 2.04(c), a Successor Security of a Security that does not bear a Restricted Securities Legend shall not bear such legend unless the Company has reasonable cause to believe that such Successor Security is a “restricted
security” within the meaning of Rule 144, in which case the Trustee, at the written direction of the Company, shall authenticate and deliver a new Security bearing a Restricted Securities Legend in exchange for such Successor Security as
provided in this Article 2. 
  

 -12- 

 (d) Common Stock Issued Upon Conversion. Any stock certificate representing shares of Common Stock
issued upon conversion of the Securities shall bear the Restricted Securities Legend borne by such Securities, to the extent required by this Indenture, unless such shares of Common Stock have been sold pursuant to a registration statement that has
been declared effective under the Securities Act (and that continues to be effective at the time of such transfer) or sold pursuant to Rule 144(k) of the Securities Act, or unless otherwise agreed by the Company in writing with written notice
thereof to the transfer agent for the Common Stock. With respect to the transfer of shares of Common Stock issued upon conversion of the Securities that are restricted hereunder, any deliveries of certificates, legal opinions or other instruments
that would be required to be made to the Registrar in the case of a transfer of Securities, as described above, shall instead be made to the transfer agent for the Common Stock. 
  
 (e) Limitation on Duties. Neither the Trustee, the Paying Agent nor any of their 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 on any transfers or exchanges other than as specifically required hereunder. 
  
 Section 2.05. Registrar, Paying Agent and Conversion Agent. The
Company shall maintain an office or agency where Securities may be presented for registration of transfer or for exchange (“Registrar”), an office or agency where Securities may be presented for purchase or payment (“Paying
Agent”) and an office or agency where Securities may be presented for conversion (“Conversion Agent”). The Registrar shall keep a register of the Securities and of their transfer and exchange. The Company may have one or
more co-registrars, one or more additional paying agents and one or more additional conversion agents. The term Paying Agent includes any additional paying agent, including any named pursuant to Section 4.05. The term Conversion Agent includes any
additional conversion agent, including any named pursuant to Section 4.05. 
  
 The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent, Conversion Agent or co-registrar (other than the Trustee). The agreement shall implement the provisions of this Indenture
that relate to such agent. The Company shall notify the Trustee of the name and address of any such agent. If the Company fails to maintain a Registrar, Paying Agent or Conversion Agent, the Trustee shall act as such and shall be entitled to
appropriate compensation therefor pursuant to Section 7.07. The Company or any Subsidiary or an Affiliate of either of them may act as Paying Agent, Registrar, Conversion Agent or co-registrar. 
  
 The Company initially appoints the Trustee as Registrar, Conversion Agent and
Paying Agent in connection with the Securities. 
  
 Section 2.06.
Paying Agent to Hold Money in Trust. Except as otherwise provided herein, on or prior to each due date of payments in respect of any Security, the Company shall deposit with the Paying Agent a sum of money (in immediately available funds if
deposited on the due date) sufficient to make such payments when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of Securityholders
or the Trustee all money held by the Paying Agent for the making of payments in respect of the Securities and shall notify the Trustee of any Default by the Company in making any such payment. At any time during the continuance of any such Default,
the Paying Agent shall, upon the written request of the Trustee, forthwith pay to the Trustee all money so held in trust. If the Company, a Subsidiary or an Affiliate of either of them acts as Paying Agent, it shall segregate the money held by it as
Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed by it. Upon doing so, the Paying Agent shall have no further
liability for the money. 
  
 Section 2.07. Securityholder
Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders. If the Trustee is not the Registrar, the Company shall cause to be furnished
to the Trustee at least semiannually on June 18 and December 18 a listing of Securityholders dated within 15 days of the date on which the list is furnished and at such other times as the Trustee may request in writing a list in such form and as of
such date as the Trustee may reasonably require of the names and addresses of Securityholders. 
  
 Section 2.08. Replacement Securities. If any mutilated Security is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any
Security, and 

  

 -13- 

 
there is delivered to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the absence
of notice to the Company or the Trustee that such Security has been acquired by a protected purchaser (within the meaning of Section 8-303 of the Uniform Commercial Code), the Company shall execute, and upon the Company’s written request the
Trustee shall authenticate and deliver, in exchange for any such mutilated Security or in lieu of any such destroyed, lost or stolen Security, a new Security of like tenor and Principal Amount, bearing a number not contemporaneously outstanding.

  
 In case any such mutilated, destroyed, lost or stolen Security
has become or is about to become due and payable, or is about to be purchased by the Company pursuant to Article 3 hereof, the Company in its discretion may, instead of issuing a new Security, pay or purchase such Security, as the case may be.

  
 Upon the issuance of any new Securities under this Section,
the Company may require the payment 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 Security issued pursuant to this Section in lieu of any mutilated,
destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all benefits
of this Indenture equally and proportionately with any and all other Securities 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 Securities. 
  
 Section 2.09. Outstanding Securities; Determinations of Holders’ Action. Securities outstanding at any time are all the Securities authenticated by the Trustee, except for those cancelled by it, those paid pursuant to Section
2.08 delivered to it for cancellation and those described in this Section 2.09 as not outstanding. A Security does not cease to be outstanding because the Company or an Affiliate thereof holds the Security; provided, however, that in
determining whether the Holders of the requisite Principal Amount of Securities have given or concurred in any request, demand, authorization, direction, notice, consent or waiver hereunder, Securities owned by the Company or any other obligor upon
the Securities or any Affiliate of the Company or such other obligor 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 Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Subject to the foregoing, only Securities outstanding at the time of such determination shall be
considered in any such determination (including, without limitation, determinations pursuant to Articles 6 and 9). 
  
 If a Security is replaced pursuant to Section 2.08, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced
Security is held by a protected purchaser. 
  
 If the Paying Agent
holds, in accordance with this Indenture on the Business Day following a Change in Control Purchase Date, or on Stated Maturity, money sufficient to pay amounts owed with respect to Securities payable on that date, then immediately after such Change
in Control Purchase Date or Stated Maturity, as the case may be, such Securities shall cease to be outstanding and interest, if any, and Liquidated Damages, if any, on such Securities shall cease to accrue; provided that if such Securities
are to be purchased, notice of such purchase has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made. 
  
 If a Security is converted in accordance with Article 11, then from and after the time of conversion on the Conversion Date, such Security shall cease to
be outstanding and interest, if any, shall cease to accrue on such Security. 
  
 Section 2.10. Temporary Securities. Pending the preparation of definitive Securities, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities that are
printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, 

  

 -14- 

 
omissions, substitutions and other variations as the officers executing such Securities may determine, as conclusively evidenced by their execution of such
Securities. 
  
 If temporary Securities are issued, the Company
will cause definitive Securities to be prepared without unreasonable delay. After the preparation of definitive Securities, the temporary Securities shall be exchangeable for definitive Securities upon surrender of the temporary Securities at the
office or agency of the Company designated for such purpose pursuant to Section 2.05, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities, the Company shall execute and the Trustee shall authenticate
and deliver in exchange therefor a like Principal Amount of definitive Securities of authorized denominations. Until so exchanged, the temporary Securities shall in all respects be entitled to the same benefits under this Indenture as definitive
Securities. 
  
 Section 2.11. Cancellation. All Securities
surrendered for payment, conversion, purchase or registration of transfer or exchange shall, if surrendered to any person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver
to the Trustee for cancellation any Securities previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. The Company may
not issue new Securities to replace Securities it has paid or delivered to the Trustee for cancellation or that any Holder has converted pursuant to Article 11. No Securities shall be authenticated in lieu of or in exchange for any Securities
cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of by the Trustee in accordance with the Trustee’s customary procedure. 
  
 Section 2.12. Persons Deemed Owners. Prior to due presentment of a
Security 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 Security is registered as the owner of such Security for the purpose of receiving payment of the
Principal Amount of the Security or the payment of any Change in Control Purchase Price in respect thereof, and accrued and unpaid interest thereon, for the purpose of conversion and for all other purposes whatsoever, whether or not such Security 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 2.13. CUSIP Numbers. The Company may issue the Securities with one or more “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
Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.
The Company will promptly, and in any event within ten days, notify the Trustee of any change in the CUSIP numbers. 
  
 ARTICLE 3 
  
 PURCHASE UPON CHANGE IN CONTROL 
  
 Section 3.01.
Right to Require Purchase of Securities Upon a Change in Control. 
  
 (a) If at any time that Securities remain outstanding there shall have occurred a Change in Control, Securities shall be repurchased by the Company, at the option of the Holder thereof, payable in cash, at a purchase
price (the “Change in Control Purchase Price”) equal to the Principal Amount thereof plus accrued and unpaid interest and Liquidated Damages, if any, thereon, to but not including the date (the “Change in Control Purchase
Date”) fixed by the Company that is not less than 30 days nor more than 45 days after the date of the Company notice described in Section 3.01(b), subject to satisfaction by or on behalf of the Holder of the requirements set forth in
3.01(c). 
  
 Whenever in this Indenture there is a reference to
the principal of any Security as of any time, such reference shall be deemed to include reference to the Change in Control Purchase Price payable in respect of such Security to the extent that such Change in Control Purchase Price is, was or would
be payable at such time, and express mention of the Change in Control Purchase Price in any provision of this Indenture shall not be construed as 

  

 -15- 

 
excluding the Change in Control Purchase Price in those provisions of this Indenture when such express mention is not made. 
  
 In the event that at the time of such Change in Control the terms of the
Credit Agreement or any other Senior Indebtedness restrict or prohibit the repurchase of Securities pursuant to this Section 3.01, then prior to the mailing of the notice to Holders provided for in the immediately following paragraph but in any
event within 30 days following the date the Company obtains actual knowledge of any Change in Control, the Company shall: 
  
 (1) repay in full all Obligations, and terminate all commitments, under the Credit Agreement and all other Senior Indebtedness the terms
of which require repayment upon a Change in Control or offer to repay in full all Obligations, and terminate all commitments under the Credit Agreement and all other such Senior Indebtedness and to repay the Indebtedness owed to (and terminate the
commitments of) each lender which has accepted such offer; or 
  
 (2) obtain the requisite consents under the Credit Agreement and all other Senior Indebtedness to permit the repurchase of the Notes as provided below. 
  
 (b) Within 30 days after the occurrence of a Change in Control, the Company shall mail a written notice of the Change in
Control by first-class mail to the Trustee and to each Holder (and to beneficial owners as required by applicable law). The notice shall include a form of Change in Control Purchase Notice to be completed by the Securityholder and shall state:

  
 (i) briefly, the events causing a Change in
Control and the date of such Change in Control; 
  
 (ii) the date by which the Change in Control Purchase Notice pursuant to this Section 3.01 must be given; 
  
 (iii) the Change in Control Purchase Date; 
  
 (iv) the Change in Control Purchase Price; 
  
 (v) the name and address of the Paying Agent and the Conversion Agent; 
  
 (vi) the Conversion Price and any adjustments thereto, including the number of Additional Shares that are
payable (or, if applicable, a statement that Additional Shares may be payable and the description of the manner of computation of the number of Additional Shares that will be payable), and, if such Change in Control constitutes a Public Acquirer
Change in Control pursuant to Section 11.01(c), a statement as to whether the Company has elected to have the Securities convertible in Public Acquirer Common Stock pursuant to Section 11.01(c); 
  
 (vii) that Securities as to which a Change in Control
Purchase Notice has been given may be converted pursuant to Article 11 hereof only if the Change in Control Purchase Notice has been withdrawn in accordance with the terms of this Indenture; 
  
 (viii) that Securities must be surrendered to the Paying
Agent to collect payment; 
  
 (ix) that the
Change in Control Purchase Price for any Security as to which a Change in Control Purchase Notice has been duly given and not withdrawn will be paid promptly following the later of the Change in Control Purchase Date and the time of surrender of
such Security as described in clause (viii); 
  
 (x) briefly, the procedures the Holder must follow to exercise rights under this Section 3.01; 
  
 (xi) briefly, the conversion rights of the Securities; 
  

 -16- 

 (xii) the procedures for withdrawing a Change in Control Purchase Notice (as specified in
Section 3.02); 
  
 (xiii) that, unless the
Company defaults in making payment of such Change in Control Purchase Price, interest and Liquidated Damages, if any, on Securities surrendered for purchase by the Company will cease to accrue on and after the Change in Control Purchase Date; and

  
 (xiv) the CUSIP number of the Securities.

  
 At the Company’s request, the Trustee shall give such
Notice in the Company’s name and at the Company’s expense; provided, however, that the Company makes such request at least three Business Days prior to the date by which such Notice must be given to the Holders and that, in
all cases, the text of such Notice shall be prepared by the Company. 
  
 (c) A Holder may exercise its rights specified in Section 3.01(a) upon delivery of a written notice of purchase (a “Change in Control Purchase Notice”), together with the securities subject thereto, to the Company and the
Paying Agent at any time prior to the close of business on the third Business Day prior to the Change in Control Purchase Date, stating: 
  
 (i) the certificate number of the Security that the Holder will deliver to be purchased; 
  
 (ii) the portion of the Principal Amount of the Security
which the Holder will deliver to be purchased, which portion must be $1,000 or an integral multiple thereof; and 
  
 (iii) that such Security shall be purchased pursuant to the terms and conditions specified in paragraph 5 of the Securities. 

 
 The delivery of such Security to the Paying Agent prior to, on or after
the Change in Control Purchase Date (together with all necessary endorsements) at the offices of the Paying Agent shall be a condition to the receipt by the Holder of the Change in Control Purchase Price therefor; provided, however,
that such Change in Control Purchase Price shall be so paid pursuant to this Section 3.01 only if the Security so delivered to the Paying Agent shall conform in all respects to the description thereof set forth in the related Change in Control
Purchase Notice. 
  
 The Company shall purchase from the Holder
thereof, pursuant to this Section 3.01, a portion of a Security if the Principal Amount of such portion is $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to the purchase of all of a Security also apply to the
purchase of such portion of such Security. 
  
 Any purchase by the
Company contemplated pursuant to the provisions of this Section 3.01 shall be consummated by the delivery of the consideration to be received by the Holder promptly following the later of the Change in Control Purchase Date and the time of delivery
of the Security to the Paying Agent in accordance with this Section 3.01. 
  
 Notwithstanding anything herein to the contrary, any Holder delivering to the Paying Agent the Change in Control Purchase Notice contemplated by this Section 3.01 shall have the right to withdraw such Change in
Control Purchase Notice at any time prior to the close of business on the Business Day preceding the Change in Control Purchase Date by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 3.02. 
  
 The Paying Agent shall promptly notify the Company of the receipt by it of
any Change in Control Purchase Notice or written withdrawal thereof. 
  
 Notwithstanding anything herein to the contrary, the Company’s obligations pursuant to this Section 3.01 shall be satisfied if a third party makes a change in control offer in the manner and at the times and otherwise in compliance in
all material respects with the requirements of this Section 3.01 and purchases all Securities properly tendered and not withdrawn pursuant to the requirements of this Section 3.01. The Company may issue a Change in Control Purchase Notice in advance
of a Change in Control and conditioned upon the Change in Control if a 

  

 -17- 

 
definitive agreement relating to such change in control is entered into at or prior to the time of issuing the Change in Control Purchase Notice. 

 
 Section 3.02. Effect of Change in Control Purchase Notice. Upon
receipt by the Paying Agent of the Change in Control Purchase Notice specified in Section 3.01 the Holder of the Security in respect of which such Change in Control Purchase Notice was given shall (unless such election or notice is withdrawn as
specified in the following two paragraphs) thereafter be entitled to receive solely the Change in Control Purchase Price, as applicable, together with all accrued and unpaid interest and Liquidated Damages, if any, thereon, to but not including the
Change in Control Purchase Date, as applicable with respect to such Security. Such Change in Control Purchase Price, together with accrued and unpaid interest, if any, and Liquidated Damages, if any, thereon, to but not including the Change in
Control Purchase Date, as applicable, shall be paid to such Holder, subject to receipt of funds and/or securities by the Paying Agent, promptly following the later of (x) the Change in Control Purchase Date, as applicable, with respect to such
Security (provided that the conditions in Section 3.01 have been satisfied) and (y) the time of delivery of such Security to the Paying Agent by the Holder thereof in the manner required by Section 3.01. Securities in respect of which a
Change in Control Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article 11 hereof on or after the date of the delivery of such Change in Control Purchase Notice unless such notice has first been validly
withdrawn as specified in the following two paragraphs. 
  
 A
Change in Control Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Change in Control Purchase Notice, as applicable, at any time prior to the close of
business on the Business Day prior to the Change in Control Purchase Date, as applicable, specifying: 
  
 (i) the certificate number, if any, of the Security in respect of which such notice of withdrawal is being submitted; 
  
 (ii) the Principal Amount of the Security with respect to
which such notice of withdrawal is being submitted; and 
  
 (iii) the Principal Amount, if any, of such Security which remains subject to the original Change in Control Purchase Notice, as applicable, and which has been or will be delivered for purchase by the Company.

  
 Section 3.03. Deposit of Change in Control Purchase
Price. On or prior to 11:00 a.m. (New York City time) on the Change in Control Purchase Date, the Company shall deposit with the Trustee or with the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as
the Paying Agent, shall segregate and hold in trust as provided in Section 2.06) an amount of money (in immediately available funds if deposited on such Business Day) sufficient to pay the aggregate Change in Control Purchase Price, together with
all accrued and unpaid interest and Liquidated Damages, if any, thereon, to but not including the Change in Control Purchase Date, of all the Securities or portions thereof which are to be purchased as of such Change in Control Purchase Date.

  
 Section 3.04. Securities Purchased in Part. Any
Certificated Security that is to be purchased only in part shall be surrendered at the office of the Paying Agent (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the
Company and the Trustee duly executed by, the Holder thereof or such Holder’s attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security, without service
charge, a new Security or Securities, of any authorized denomination as requested by such Holder in aggregate Principal Amount equal to, and in exchange for, the portion of the Principal Amount of the Security so surrendered which is not purchased.

  
 Section 3.05. Covenant to Comply with Securities Laws upon
Purchase of Securities. When complying with the provisions of Section 3.01 hereof (provided that such offer or purchase constitutes an “issuer tender offer” for purposes of Rule 13e-4 (which term, as used herein, includes any
successor provision thereto) under the Exchange Act at the time of such offer or purchase), the Company shall (i) comply in all material respects with Rule 13e-4 and Rule 14e-1 under the Exchange Act, (ii) file the related Schedule TO (or any
successor schedule, form or report) under the Exchange Act, and (iii) otherwise comply in all material respects with all Federal and state 

  

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securities laws so as to permit the rights and obligations under Section 3.01 to be exercised in the time and in the manner specified in Section 3.01.

  
 Section 3.06. Repayment to the Company. The Trustee and
the Paying Agent shall return to the Company any cash that remains unclaimed as provided in paragraph 10 of the Securities, together with interest or dividends, if any, thereon (subject to the provisions of Section 7.01(f)), held by them for the
payment of the Change in Control Purchase Price, including accrued and unpaid interest, if any, and Liquidated Damages, if any; provided, however, that to the extent that the aggregate amount of cash deposited by the Company pursuant
to Section 3.03 exceeds the aggregate Change in Control Purchase Price of the Securities or portions thereof which the Company is obligated to purchase as of the Change in Control Purchase Date, as applicable, and accrued and unpaid interest
thereon, if any, and Liquidated Damages, if any then, unless otherwise agreed in writing with the Company, promptly after the Business Day following the Change in Control Purchase Date, the Trustee shall return any such excess to the Company
together with interest or dividends, if any, thereon (subject to the provisions of Section 7.01(f)). 
  
 ARTICLE 4 
  
 COVENANTS 
  
 Section 4.01. Payment of Securities.
The Company shall make all payments in respect of the Securities on the dates and in the manner provided in the Securities or pursuant to this Indenture. Any amounts to be given to the Trustee or Paying Agent, as the case may be, shall be deposited
with the Trustee or Paying Agent, as the case may be, by 11:00 a.m. (New York City time) by the Company. Interest installments, Liquidated Damages, the Change in Control Purchase Price and interest, if any, due on overdue amounts shall be considered
paid on the applicable date due if at 11:00 a.m. (New York City time) on such date (or, in the case of a Change in Control Purchase Price, on the Business Day following the Change in Control Purchase Date) the Trustee or the Paying Agent, as the
case may be, holds, in accordance with this Indenture, money sufficient to pay all such amounts then due. 
  
 The Company shall, to the extent permitted by law, pay interest on overdue amounts at the rate per annum set forth in paragraph 1 of the Securities,
compounded semiannually, which interest shall accrue from the date such overdue amount was originally due to the date payment of such amount, including interest thereon, has been made or duly provided for. All such interest shall be payable on
demand. The accrual of such interest on overdue amounts shall be in addition to the continued accrual of interest on the Securities. 
  
 Section 4.02. SEC and Other Reports. Whether or not required by the rules and regulations of the Commission, so long as any Notes are outstanding,
the Company will furnish the Holders of Notes: 
  
 (i) all quarterly and annual financial information that would be required to be contained in a filing with the Commission on Forms 10-Q and 10-K if the Company were required to file such forms, including a “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” that describes the financial condition and results of operations of the Company and its consolidated Subsidiaries (showing in reasonable detail, either on the face of the financial
statements or in the footnotes thereto and in “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” the financial condition and results of operations of the Company and its Subsidiaries) and, with
respect to the annual information only, a report thereon by the Company’s certified independent accountants; and 
  
 (ii) all current reports that would be required to be filed with the Commission on Form 8-K if the Company were required to file such
reports, in each case within the time periods specified in the Commission’s rules and regulations. 
  
 Any such report filed with the Commission shall be deemed to have been furnished to the Holders of the Notes. In addition, following the consummation of
the Exchange Offer contemplated by the Registration Rights Agreement, whether or not required by the rules and regulations of the Commission, the Company will file a copy of all such information and reports with the Commission for public
availability within the time periods specified in the Commission’s rules and regulations (unless the Commission will not accept such a filing). In addition, the Company 

  

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has agreed that, for so long as any Notes remain outstanding, it will furnish to the Holders and prospective investors, upon their request, the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 
  
 Section 4.03. Statement of Officers as to Default. 
  
 (a) The Company shall deliver to the Trustee, within 120 days after the close of each fiscal year, an Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries has been
made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture and further stating, as to each such Officer signing such certificate,
that to the best of such Officer’s knowledge, the Company during such preceding fiscal year has kept, observed, performed and fulfilled each and every such covenant and no Default occurred during such year and at the date of such certificate
there is no Default that has occurred and is continuing or, if such signers do know of such Default, the certificate shall specify such Default and what action, if any, the Company is taking or proposes to take with respect thereto. The
Officers’ Certificate shall also notify the Trustee should the Company elect to change the manner in which it fixes the fiscal year end. 
  
 (b) The Company shall deliver to the Trustee promptly and in any event within five days after the Company becomes aware of the occurrence of any Default
an Officers’ Certificate specifying the Default and what action, if any, the Company is taking or proposes to take with respect thereto. 
  
 Section 4.04. Further Instruments and Acts. Upon request of the Trustee, the Company will execute and deliver such further instruments and do such
further acts as may be reasonably necessary or proper to carry out more effectively the purposes of this Indenture. 
  
 Section 4.05. Maintenance of Office or Agency. The Company will maintain in the Borough of Manhattan, The City of New York, an office or agency of
the Trustee, Registrar, Paying Agent and Conversion Agent where Securities may be presented or surrendered for payment, where Securities may be surrendered for registration of transfer, exchange, purchase, redemption or conversion and where notices
and demands to or upon the Company in respect of the Securities and this Indenture may be served. The Corporate Trust Office of the Trustee shall initially be such office or agency for all of the aforesaid purposes. The Company shall give prompt
written notice to the Trustee of the location, and of any change in the location, of any such office or agency (other than a change in the location of the office of the Trustee). 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 address of the Trustee set forth in Section 12.02. 
  
 The Company may also from time to time designate one or more other offices or
agencies where the Securities 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. 
  
 Section 4.06. Delivery of Certain Information. At any time when the Company is not subject to Section 13 or 15(d) of the Exchange Act, upon the
request of a Holder or any beneficial owner of Securities or holder or beneficial owner of Common Stock delivered upon conversion thereof, the Company will promptly furnish or cause to be furnished Rule 144A Information (as defined below) to such
Holder or any beneficial owner of Securities or holder or beneficial owner of Common Stock, or to a prospective purchaser of any such security designated by any such holder, as the case may be, to the extent required to permit compliance by such
Holder or holder with Rule 144A under the Securities Act in connection with the resale of any such security. “Rule 144A Information” shall be such information as is specified pursuant to Rule 144A(d)(4) under the Securities Act or
any successor provisions. Whether a person is a beneficial owner shall be determined in accordance with Rules 13d-3 and 13d-5 promulgated by the SEC under the Exchange Act or any successor provision, except that a Person shall be deemed to have
“beneficial ownership” of all securities that such Person has the right to acquire, whether exercisable immediately or only after the passage of time. 
  

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 Section 4.07. Liquidated Damages. Within two business days after each and every date on which an
event occurs in respect of which Liquidated Damages are required to be paid by the Company pursuant to the Registration Rights Agreement, the Company shall deliver to the Trustee a certificate to that effect and stating (i) the amount of such
Liquidated Damages that are payable and (ii) the date on which such damages are payable pursuant to the terms of the Registration Rights Agreement. Unless and until a Responsible Officer of the Trustee receives such a certificate, the Trustee may
assume without inquiry that no Liquidated Damages are payable. If the Company has paid Liquidated Damages directly to the persons entitled to them, the Company shall deliver to the Trustee a certificate setting forth the particulars of such payment.

  
 ARTICLE 5 
  
 SUCCESSOR CORPORATION 
  
 Section 5.01. Consolidation, Merger and Sale of Assets. The Company
may, without the consent of the holders of any of the Securities, consolidate with, or merge into any other person or convey, transfer or lease its properties and assets substantially as an entirety to, any other person, if: 
  
 (a) it is the resulting or surviving corporation or the
successor, transferee or lessee, if other than the Company, is a corporation organized under the laws of any U.S. jurisdiction and expressly assumes the Company’s Obligations under this Indenture and the Securities by means of a supplemental
indenture entered into with the Trustee; 
  
 (b)
after giving effect to the transaction, no Default and no event which, with notice or lapse of time, or both, would constitute an event of default, shall have occurred and be continuing; and 
  
 (c) the Company shall have 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 5 and that all conditions precedent herein provided for relating to such transaction have been satisfied. 
  
 The successor person formed by such consolidation or into which the Company is merged or the successor person to which such conveyance, transfer or lease
is made 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 had been named as the Company herein; and thereafter, except in the case of a
lease and obligations the Company may have under a supplemental indenture pursuant to Section 11.13, the Company shall be discharged from all Obligations and covenants under this Indenture and the Securities. Subject to Section 9.06, the Company,
the Trustee and the successor person shall enter into a supplemental indenture to evidence the succession and substitution of such successor person and such discharge and release of the Company. 
  
 ARTICLE 6 
  
 DEFAULTS AND REMEDIES 
  
 Section 6.01. Events of Default. Subject to the provisions set forth below in this Section 6.01, each of the following is an “Event of
Default”: 
  
 (a) the failure to pay
interest upon any of the Securities when due and payable, which continues for 30 days, whether or not prohibited by Article 10 of this Indenture; 
  
 (b) the failure to pay principal of the Securities when due, whether or not prohibited by Article 10 of this Indenture; 
  
 (c) a default by us in the observance and performance, or
breach, of any of our other covenants or agreements contained in this Indenture which are not remedied within 30 days after the Company 

  

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receives written notice specifying the default (and demanding that such default be remedied) from the trustee or the holders of at least 25% in principal
amount of the outstanding Securities; 
  
 (d) the
failure to pay at final stated maturity (giving effect to any applicable grace periods and any extensions thereof) the stated principal amount of any Indebtedness of the Company or any of its subsidiaries, or the acceleration of the final stated
maturity of any such debt (which acceleration is not rescinded, annulled or otherwise cured within 20 days of receipt by the Company or such subsidiary of notice of any such acceleration), if the aggregate principal amount of such Indebtedness,
together with the principal amount of any other such Indebtedness in default for failure to pay principal at final stated maturity or which has been accelerated (in each case with respect to which the 20-day period described above has elapsed),
aggregates $20.0 million or more at any time; 
  
 (e) one or more judgments in an aggregate amount in excess of $20.0 million shall have been rendered against the Company or any of its subsidiaries and such judgments remain undischarged, unpaid or unstayed for a period of 60 days after
such judgment or judgments become final and non-appealable and, in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon such judgment or decree which is not promptly stayed 
  
 (f) failure to provide notice of the occurrence of a change
in control as required by this Indenture, which failure continues for a period of 30 days; 
  
 (g) the Company or any of its Significant Subsidiaries pursuant to or under or within the meaning of any Bankruptcy Law: 
  
 (i) commences a voluntary case or proceeding; 
  
 (ii) consents to the entry of an order for relief against it
in an involuntary case or proceeding; 
  
 (iii)
consents to the appointment of a Custodian of it or for all or substantially all of its property; or 
  
 (iv) makes a general assignment for the benefit of its creditors; 
  
 (h) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

 
 (i) is for relief against the Company or any of its
Significant Subsidiaries in an involuntary case or proceeding; 
  
 (ii) appoints a Custodian of the Company or any of its Significant Subsidiaries for all or substantially all of its properties taken as a whole; or 
  
 (iii) orders the liquidation of the Company or any of its Significant Subsidiaries. 
  
 A Default under clause (c) or (d) above is not an Event of Default until the
Trustee notifies the Company, or the Holders of at least 25% in aggregate Principal Amount of the Securities at the time outstanding notify the Company and the Trustee, of the Default and the Company does not cure such Default (and such Default is
not waived) within the time specified in clause (c) or (d) above, as applicable, after actual receipt of such notice. Any such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of
Default.” 
  
 The Company shall deliver to the
Trustee, within 30 days after it becomes aware of the occurrence thereof, written notice of any event which with the giving of notice or the lapse of time, or both, would become an Event of Default under clause (c) or (d) above, its status and what
action the Company is taking or proposes to take with respect thereto. 
  

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 Section 6.02. Defaults and Remedies. If an Event of Default (other than an Event of Default
specified in Section 6.01(g) or Section 6.01(h)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in aggregate Principal Amount of the Securities at the time outstanding by notice to the Company and the
Trustee, may declare the Principal Amount of all the Securities plus accrued and unpaid interest, if any, and Liquidated Damages, if any, thereon, through the date of declaration to be immediately due and payable by notice in writing to the Company
and the Trustee specifying the respective Event of Default and that it is a “notice of acceleration” (the “Acceleration Notice”), and upon proper delivery of such Acceleration Notice, the same. If an Event of Default
specified in Section 6.01(g) or Section 6.01(h) occurs and is continuing, the Principal Amount of all the Securities plus accrued and unpaid interest, if any, and Liquidated Damages, if any, thereon, shall become and be immediately due and payable
without any declaration or other act on the part of the Trustee; 
  
 (1) shall become immediately due and payable; or 
  
 (2) if there are any amounts outstanding under the Credit Agreement, shall become immediately due and payable upon the first to occur of
an acceleration under the Credit Agreement or 5 business days after receipt by the Company and the Representative under the Credit Agreement of such Acceleration Notice but only if such Event of Default is then continuing. 
  
 The Holders of a majority in Principal Amount of the Securities then
outstanding by notice to the Trustee may rescind an acceleration (other than an Event of Default specified in Section 6.01(g) or Section 6.01(h)) and its consequences if (a) all existing Events of Default, other than the nonpayment of the principal
of and accrued and unpaid interest, if any, and Liquidated Damages, if any, on the Securities which has become due solely by such declaration of acceleration, have been cured or waived; (b) the Company has paid or deposited with the Trustee a sum
sufficient to pay (i) all overdue interest and Liquidated Damages, if any, on the Securities, (ii) the principal of any Security which has become due otherwise then by such declaration of acceleration, and (iii) to the extent the payment of such
interest is lawful, interest on overdue installments of interest and Liquidated Damages, if any, and overdue principal, which has become due otherwise than by such declaration of acceleration; (c) the rescission would not conflict with any judgment
or decree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 7.07 have been made. No such rescission shall affect any subsequent Default or impair any right consequent thereon.

  
 Section 6.03. Other Remedies. If an Event of Default
occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of the Principal Amount of all the Securities plus all accrued and unpaid interest and Liquidated Damages, if any, thereon or to enforce the performance of
any provision of the Securities or this Indenture. 
  
 The Trustee
may maintain a proceeding even if the Trustee does not possess any of the Securities or does not produce any of the Securities in the proceeding. A delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing
upon an Event of Default shall not impair the right or remedy or constitute a waiver of, or acquiescence in, the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law.

  
 Section 6.04. Waiver of Past Defaults. The Holders of a
majority in aggregate Principal Amount of the Securities at the time outstanding, by notice in writing to the Trustee (and without notice to any other Securityholder), may waive an existing Default and its consequences, except (a) an Event of
Default described in Section 6.01(a) or Section 6.01(b), (b) a Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each Securityholder affected or (c) a Default which constitutes a failure to convert
any Security in accordance with the terms of Article 11. When a Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or impair any consequent right. This Section 6.04 shall be in lieu of Section
316(a)(1)(B) of the TIA and such Section 316(a)(1)(B) is hereby expressly excluded from this Indenture, as permitted by the TIA. 
  
 Section 6.05. Control by Majority. The Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding may direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may 

  

 -23- 

 
refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines in good faith is unduly prejudicial to the rights of
other Securityholders or would involve the Trustee in personal liability unless the Trustee is offered indemnity satisfactory to it. This Section 6.05 shall be in lieu of Section 316(a)(1)(A) of the TIA and such Section 316(a)(1)(A) is hereby
expressly excluded from this Indenture, as permitted by the TIA. 
  
 Section 6.06. Limitation on Suits. A Securityholder may not pursue any remedy with respect to this Indenture or the Securities unless: 
  
 (a) the Holder gives to the Trustee written notice stating that an Event of Default is continuing; 
  
 (b) the Holders of at least 25% in aggregate Principal
Amount of the Securities at the time outstanding make a written request to the Trustee to pursue the remedy; 
  
 (c) such Holder or Holders offer to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense;

  
 (d) the Trustee does not comply with the
request within 60 days after receipt of such notice, request and offer of security or indemnity; and 
  
 (e) the Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding do not give the Trustee a direction
inconsistent with the request during such 60-day period. 
  
 A
Securityholder may not use this Indenture to prejudice the rights of any other Securityholder or to obtain a preference or priority over any other Securityholder. 
  
 Section 6.07. Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right
of any Holder to receive payment of interest installments, Liquidated Damages, if any, the Principal Amount, Change in Control Purchase Price or interest, if any, due on overdue amounts in respect of the Securities held by such Holder, on or after
the respective due dates expressed in the Securities, and to convert the Securities in accordance with Article 11, or to bring suit for the enforcement of any such payment on or after such respective dates or the right to convert, shall not be
impaired or affected adversely without the consent of such Holder. 
  
 Section 6.08. Collection Suit by Trustee. If an Event of Default described in Section 6.01(a) or Section 6.01(b) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against
the Company for the whole amount owing with respect to the Securities and the amounts provided for in Section 7.07. 
  
 Section 6.09. Trustee May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether
interest installments, Liquidated Damages, if any, the Principal Amount or Change in Control Purchase Price or interest, if any, due on overdue amounts in respect of the Securities shall then be due and payable as therein expressed or by declaration
or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of any such amount) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
  
 (a) to file and prove a claim for any accrued and unpaid
interest installments, Liquidated Damages, if any, the whole amount of the Principal Amount, Change in Control Purchase Price or interest, if any, due on overdue amounts in respect of the Securities, and to file such other papers or documents as may
be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel or any other amounts due the Trustee under Section
7.07) and of the Holders allowed in such judicial proceeding; and 
  

 -24- 

 (b) 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 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 making of such payments directly
to the Holders, to pay 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. 
  
 Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the
claim of any Holder in any such proceeding. 
  
 Section 6.10.
Priorities. If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 
  
 FIRST: to the Trustee for amounts due under Section 7.07; 
  
 SECOND: to Securityholders for amounts due and unpaid on the Securities for any accrued and unpaid interest
installments, the Principal Amount, Change in Control Purchase Price or interest, if any, due on overdue amounts in respect of the Securities, as the case may be, ratably, without preference or priority of any kind, according to such amounts due and
payable on the Securities; and 
  
 THIRD: the
balance, if any, to the Company. 
  
 The Trustee may fix a record
date and payment date for any payment to Securityholders pursuant to this Section 6.10. At least 15 days before such record date, the Trustee shall mail to each Securityholder and the Company a notice that states the record date, the payment date
and the amount to be paid. 
  
 Section 6.11. Undertaking to Pay
Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant (other
than the Trustee) in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due
regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in aggregate
Principal Amount of the Securities at the time outstanding. This Section 6.11 shall be in lieu of Section 315(e) of the TIA and such Section 315(e) is hereby expressly excluded from this Indenture, as permitted by the TIA. 
  
 Section 6.12. Waiver of Stay, Extension or Usury 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 or any usury or other law wherever enacted, now
or at any time hereafter in force, which would prohibit or forgive the Company from paying all or any portion of any interest installment, Liquidated Damages, if any, the Principal Amount, Change in Control Purchase Price or interest, if any, due on
overdue amounts in respect of the Securities, as contemplated herein, or 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. 
  

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 ARTICLE 7 
  
 TRUSTEE 
  
 Section 7.01. Duties of Trustee. 
  
 (a) If a Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture and use the same
degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 
  
 (b) Except during the continuance of a Default: 
  
 (i) The Trustee need perform only those duties as are specifically set forth herein or in the TIA and no duties, covenants,
responsibilities or obligations shall be implied in this Indenture against the Trustee. 
  
 (ii) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon certificates (including Officers’ Certificates) or opinions (including Opinions of Counsel) furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such
certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture.

  
 (c) Notwithstanding anything to the contrary herein, the
Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
  
 (i) This paragraph does not limit the effect of Section 7.01(b). 
  
 (ii) The Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer,
unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 
  
 (iii) The Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction
received by it pursuant to Section 6.05. 
  
 (d) 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 to take or omit to take any action under this Indenture or take any action at
the request or direction of Holders if it shall have reasonable grounds for believing that repayment of such funds is not assured to it. 
  
 (e) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to this Section
7.01. 
  
 (f) The Trustee shall not be liable for interest on any
money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
  
 (g) In the absence of bad faith, negligence or willful misconduct on the part
of the Trustee, the Trustee shall not be responsible for the application of any money by any Paying Agent other than the Trustee. 
  
 Section 7.02. Rights of Trustee. 
  
 Subject to Section 7.01: 
  
 (a) The Trustee may rely conclusively on any resolution, certificate (including any Officers’ Certificate), statement, instrument,
opinion (including any Opinion of Counsel), notice, request, direction, 

  

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consent, order, bond, debenture, or other paper or document believed by it to be genuine and to have been signed or presented by the proper Person. The
Trustee need not investigate any fact or matter stated in the document. 
  
 (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate and an Opinion of Counsel, which shall conform to the provisions of Section 12.04. The Trustee shall not be liable for
any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. 
  
 (c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent (other
than an agent who is an employee of the Trustee) appointed with due care. 
  
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it reasonably believes to be authorized or within its rights or powers. 
  
 (e) The Trustee may consult with counsel of its selection
and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice
or opinion of such counsel. 
  
 (f) The Trustee
shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered to the
Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred therein or thereby. 
  
 (g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate (including
any Officers’ Certificate), statement, instrument, opinion (including any Opinion of Counsel), notice, request, direction, consent, order, bond, debenture, 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, upon reasonable notice to the Company, 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 any reason of such inquiry or investigation. 
  
 (h) The Trustee shall not be required to give any bond or
surety in respect of the performance of its powers and duties hereunder. 
  
 (i) The permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as duties. 
  
 (j) Except with respect to Sections 4.01 and 4.03, the Trustee shall have no duty to inquire as to the performance of the Company with
respect to the covenants contained in Article 4. In addition, the Trustee shall not be deemed to have knowledge of an Event of Default except (i) any Default or Event of Default occurring pursuant to Sections 4.01, 6.01(a) or 6.01(b) or (ii) any
Default or Event of Default known to a Responsible Officer. 
  
 (k) The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities
hereunder, and to each agent, custodian and other Person employed to act hereunder. 
  
 Section 7.03. Individual Rights of Trustee. 
  
 The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company, its Subsidiaries or its respective Affiliates with the same rights it would
have if it 

  

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were not Trustee. Any Agent may do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. 
  
 Section 7.04. Trustee’s Disclaimer. 
  
 The Trustee shall not be responsible for and makes no representation as to
the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities or any other money paid to or at the direction of the Company under any provision of this
Indenture, and it shall not be responsible for any statement of the Company in this Indenture or any document issued in connection with the sale of Securities or any statement in the Securities other than the Trustee’s certificate of
authentication. The Trustee makes no representations with respect to the effectiveness or adequacy of this Indenture. 
  
 Section 7.05. Notice of Default. 
  
 If a Default occurs and is continuing and is deemed to be known to the Trustee pursuant to Section 7.02(j), the Trustee shall mail to each Holder notice
of the uncured Default within 30 days after such Default occurs. Except in the case of a Default in payment of principal of, or interest on, any Note, including an accelerated payment and the failure to make a payment on a payment date pursuant to
an offer to purchase or a Default in complying with the provisions of Article 5, the Trustee may withhold the notice if and so long as the Board of Directors, the executive committee, or a committee of directors and/or Responsible Officers, of the
Trustee in good faith determines that withholding the notice is in the interest of the Holders. 
  
 Section 7.06. Reports by Trustee to Holders. 
  
 Within 60 days after each May 15, beginning with May 15, 2006, the Trustee shall, to the extent that any of the events described in TIA § 313(a)
occurred within the previous twelve months, but not otherwise, mail to each Holder a brief report dated as of such date that complies with TIA § 313(a). The Trustee also shall comply with TIA §§ 313(b), 313(c) and 313(d). 

 
 A copy of each report at the time of its mailing to Holders shall be
mailed to the Company and filed with the Commission and each securities exchange, if any, on which the Securities are listed. 
  
 The Company shall notify the Trustee if the Securities become listed on any securities exchange or of any delisting thereof and the Trustee shall comply
with TIA § 313(d). 
  
 Section 7.07. Compensation and
Indemnity. 
  
 The Company shall pay to the Trustee from time
to time such compensation as the Company and the Trustee shall from time to time agree in writing for its services hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The
Company shall reimburse the Trustee upon request for all reasonable disbursements, expenses and advances (including reasonable fees and expenses of counsel) incurred or made by it in addition to the compensation for its services, except any such
disbursements, expenses and advances as may be attributable to the Trustee’s negligence, bad faith or willful misconduct. Such expenses shall include the reasonable fees and expenses of the Trustee’s agents, counsel, accountants and
experts. 
  
 The Company shall indemnify each of the Trustee or
any predecessor Trustee and its officers, directors, employees and agents for, and hold them harmless against, any and all loss, damage, claims including taxes (other than taxes based upon, measured by or determined by the income of the Trustee),
liability or expense incurred by them except for such actions to the extent caused by any negligence, bad faith or willful misconduct on their part, arising out of or in connection with the acceptance or administration of this trust including the
reasonable costs and expenses of defending themselves against or investigating any claim or liability in connection with the exercise or performance of any of the Trustee’s rights, powers or duties hereunder. The Trustee shall notify the
Company promptly of any claim asserted against the Trustee or any of its agents for which it may seek indemnity. The Company may, subject to the approval of the Trustee (which approval shall not be unreasonably withheld), defend the claim and the
Trustee shall cooperate in the defense. The Trustee and its agents subject to the claim may have separate 

  

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counsel and the Company shall pay the reasonable fees and expenses of such counsel; provided, however, that the Company will not be required to
pay such fees and expenses if, subject to the approval of the Trustee (which approval shall not be unreasonably withheld), it assumes the Trustee’s defense and there is no conflict of interest between the Company and the Trustee and its agents
subject to the claim in connection with such defense as reasonably determined by the Trustee. The Company need not pay for any settlement made without its written consent. The Company need not reimburse any expense or indemnify against any loss or
liability to the extent incurred by the Trustee through its negligence, bad faith or willful misconduct. 
  
 To secure the Company’s payment obligations in this Section 7.07, the Trustee shall have a lien prior to the Securities against all money or property
held or collected by the Trustee, in its capacity as Trustee, except money or property held in trust to pay principal and interest on particular Securities. 
  
 When the Trustee incurs expenses or renders services after a Default specified in Section 6.01(g) or Section 6.01(h) occurs, such expenses and the
compensation for such services shall be paid to the extent allowed under any Bankruptcy Law. 
  
 Notwithstanding any other provision in this Indenture, the foregoing provisions of this Section 7.07 shall survive the satisfaction and discharge of this Indenture, the resignation or removal of the Trustee or the
appointment of a successor Trustee. 
  
 Section 7.08.
Replacement of Trustee. 
  
 The Trustee may resign at any
time by so notifying the Company in writing. The Holders of a majority in principal amount of the outstanding Securities may remove the Trustee by so notifying the Company and the Trustee and may appoint a successor Trustee. The Company may remove
the Trustee if: 
  
 (i) the Trustee fails to
comply with Section 7.10; 
  
 (ii) the Trustee is
adjudged a bankrupt or an insolvent; 
  
 (iii) a
receiver or other public officer takes charge of the Trustee or its property; or 
  
 (iv) the Trustee becomes incapable of acting. 
  
 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall notify each Holder of such event
and shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the Securities may appoint a successor Trustee to replace the successor Trustee appointed by
the Company. 
  
 A successor Trustee shall deliver a written
acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer, after payment of all sums then owing to the Trustee pursuant to Section 7.07, all property held by it as Trustee
to the successor Trustee, subject to the Lien provided in Section 7.07, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this
Indenture. A successor Trustee shall mail notice of its succession to each Holder. 
  
 If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% in principal amount of the outstanding
Securities may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense of the Company. 
  
 If the Trustee fails to comply with Section 7.10, any Holder may petition any court of competent jurisdiction for the removal of the Trustee and the
appointment of a successor Trustee. 
  

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 Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations
under Section 7.07 shall continue for the benefit of the retiring Trustee. 
  
 Section 7.09. Successor Trustee by Merger, Etc. 
  
 If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the resulting, surviving or transferee corporation without any
further act shall, if such resulting, surviving or transferee corporation is otherwise eligible hereunder, be the successor Trustee; provided that such corporation shall be otherwise qualified and eligible under this Article 7. 
  
 Section 7.10. Eligibility; Disqualification. 
  
 This Indenture shall always have a Trustee who satisfies the requirement of
TIA §§ 310(a)(1), 310(a)(2) and 310(a)(5). The Trustee shall have a combined capital and surplus of at least $150,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA §
310(b); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities, or certificates of interest or participation in other securities, of the
Company are outstanding, if the requirements for such exclusion set forth in TIA § 310(b)(1) are met. The provisions of TIA § 310 shall apply to the Company and any other obligor of the Securities. 
  
 Section 7.11. Preferential Collection of Claims Against the Company.

  
 The Trustee, in its capacity as Trustee hereunder, shall
comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated. 
  
 Section 7.12. Co-trustees, Separate Trustee, Collateral Agent.

  
 At any time or times, for the purpose of meeting the legal
requirements of any jurisdiction in which any of the Collateral may at the time be located, the Company and the Trustee shall have power to appoint, and, upon the written request of the Trustee or of the Holders of at least 25% of the outstanding
principal amount of the Notes, the Company shall for such purpose join with the Trustee in the execution, delivery and performance of all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Trustee either
to act as co-trustee, jointly with the Trustee, or to act as separate trustee or collateral agent of any such property, in either case with such powers as may be provided in the instrument of appointment, and to vest in such Person or Persons in the
capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Company does not join in such appointment within 15 days after the receipt by it of a request so to do, or
in case an Event of Default has occurred and is continuing, the Trustee alone shall have power to make such appointment. 
  
 Should any written instrument from the Company be required by any co-trustee or separate trustee or separate collateral agent so appointed for more fully
confirming to such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Company. 
  
 Any co-trustee, separate trustee or separate collateral agent shall be
subject to the provisions of the Intercreditor Agreement as if it were the Trustee thereunder (and the Trustee shall continue to be so subject). 
  
 Every co-trustee or separate trustee or separate collateral agent shall, to the extent permitted by law, but to such extent only, be appointed subject to
the following terms, namely: 
  
 (a) The Notes
shall be authenticated and delivered, and all rights, powers, duties and obligations hereunder in respect of the custody of securities, cash and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder,
shall be exercised solely, by the Trustee. 
  

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 (b) The rights, powers, duties and obligations hereby conferred or imposed upon the
Trustee in respect of any property covered by such appointment shall be conferred or imposed upon and exercised or performed by the Trustee or by the Trustee and such co-trustee or separate trustee jointly, or by the Trustee and such separate
collateral agent or collateral agent jointly as shall be provided in the instrument appointing such co-trustee or separate trustee or collateral agent, except to the extent that under any law of any jurisdiction in which any particular act is to be
performed, the Trustee shall be incompetent or unqualified to perform such act, in which event such rights, powers, duties and obligations shall be exercised and performed by such co-trustee or separate trustee. 
  
 (c) The Trustee at any time, by an instrument in writing
executed by it, with the concurrence of the Company evidenced by a Board Resolution, may accept the resignation of or remove any co-trustee or separate trustee appointed under this Section, and, in case an Event of Default has occurred and is
continuing, the Trustee shall have power to accept the resignation of, or remove, any such co-trustee, separate trustee or separate collateral agent without the concurrence of the Company. Upon the written request of the Trustee, the Company shall
join with the Trustee in the execution, delivery and performance of all instruments and agreements necessary or proper to effectuate such resignation or removal. A successor to any co-trustee, separate trustee or separate collateral agent so
resigned or removed may be appointed in the manner provided in this Section 7.12. 
  
 (d) No co-trustee, separate trustee or separate collateral agent hereunder shall be personally liable by reason of any act or omission of
the Trustee, or any other such trustee hereunder. 
  
 (e) Any act of Holders delivered to the Trustee shall be deemed to have been delivered to each such co-trustee, separate trustee or separate collateral agent, as the case may be. 
  
 ARTICLE 8 
  
 DISCHARGE OF INDENTURE 
  
 Section 8.01. Discharge of Liability on Securities. When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities
replaced pursuant to Section 2.08) for cancellation or (ii) all outstanding Securities have become due and payable and the Company deposits with the Trustee cash sufficient to pay all amounts due and owing on all outstanding Securities (other than
Securities replaced pursuant to Section 2.08), and if in either case the Company pays all other sums payable hereunder by the Company, then this Indenture shall, subject to Section 7.07, cease to be of further effect. The Trustee shall join in the
execution of a document prepared by the Company acknowledging satisfaction and discharge of this Indenture on demand at the cost and expense of the Company and accompanied by an Officers’ Certificate and Opinion of Counsel. 
  
 Section 8.02. Repayment to the Company. The Trustee and the Paying
Agent shall return to the Company upon written request any money held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the
Company, as applicable, Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person and the Trustee and the Paying Agent shall have no further
liability to the Securityholders with respect to such money or securities for that period commencing after the return thereof. 
  
 ARTICLE 9 
  
 AMENDMENTS 
  
 Section 9.01. Without Consent of Holders. The Company and the Trustee may amend or supplement this Indenture or the Securities without notice to or consent of any Securityholder: 
  
 (a) to comply with Article 5, Section 11.01 or Section
11.13; 
  

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 (b) to cure any ambiguity, omission, mistake, defect or inconsistency; 
  
 (c) to make provisions with respect to the conversion right
of the Holders pursuant to the requirements of Section 11.01 or Section 11.13; 
  
 (d) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities; 

 
 (e) to make any change that does not adversely affect the
rights of any Holder of the Securities; 
  
 (f)
to comply with the provisions of the TIA, or with any requirement of the SEC arising as a result of the qualification of this Indenture under the TIA; and 
  
 (g) to conform the Indenture to the “Description of Notes” set forth in the Offering Memorandum. 
  
 Section 9.02. With Consent of Holders. The Company and the Trustee may
amend or supplement this Indenture or the Securities without notice to any Securityholder but with the written consent of the Holders of a majority in aggregate Principal Amount of the Securities then outstanding. The Holders of a majority in
aggregate Principal Amount of the Securities then outstanding may waive compliance by the Company with restrictive provisions of this Indenture other than as set forth in this Section 9.02 below, and waive any past Default under this Indenture and
its consequences, except a Default in the payment of the principal of or interest on any Security or in respect of a provision which under this Indenture cannot be modified or amended without the consent of the Holder of each outstanding Security
affected. 
  
 Subject to Section 9.04, without the written consent
of each Securityholder affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: 
  
 (a) change the Stated Maturity of the principal of, or any payment date of any installment of interest or Liquidated Damages, if any, on,
any Security; 
  
 (b) reduce the principal amount
of, or the rate of interest or Liquidated Damages, if any, on, any Security, whether upon acceleration, redemption or otherwise, or alter the manner of calculation of interest or Liquidated Damages, if any, or the rate of accrual thereof on any
Security; 
  
 (c) change the currency for payment
of principal of, or interest or Liquidated Damages, if any, on any Security; 
  
 (d) impair the right to institute suit for the enforcement of any payment of principal of, or interest or Liquidated Damages, if any, on, any Security when due; 
  
 (e) adversely affect the conversion rights provided in
Article 11; 
  
 (f) modify the provisions of this
Indenture requiring the Company to make an offer to repurchase Securities on upon a Change in Control in a manner adverse to the Holders of the Securities; 
  
 (g) modify the subordination provisions of Article 10 in a manner adverse to the Holders of the Securities; 
  
 (h) reduce the percentage of principal amount of the
outstanding Securities necessary to modify or amend this Indenture or to consent to any waiver provided for in this Indenture; 
  
 (i) waive a Default in the payment of the principal amount of, or interest or Liquidated Damages, if any, on, any Security (except as
provided in Section 6.02); or 
  

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 (j) make any changes in Section 6.04, Section 6.07 or this paragraph. 
  
 It shall not be necessary for the consent of the Holders under this Section
9.02 to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
  

After an amendment under this Section 9.02 becomes effective, the Company shall mail to each Holder a notice briefly describing the amendment. Failure
to mail the notice or a defect in the notice shall not affect the validity of the amendment. 
  
 Section 9.03. Compliance with Trust Indenture Act. Every supplemental indenture executed pursuant to this Article shall comply with the TIA. 
  
 Section 9.04. Revocation and Effect of Consents. Until an amendment, waiver or other action by Holders becomes
effective, a consent thereto by a Holder of a Security hereunder is a continuing consent by the Holder and every subsequent Holder of that Security or portion of the Security that evidences the same obligation as the consenting Holder’s
Security, even if notation of the consent, waiver or action is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder’s Security or portion of the Security if the
Trustee receives the notice of revocation before the date the amendment, waiver or action becomes effective. After an amendment, waiver or action becomes effective, it shall bind every Securityholder. 
  
 Section 9.05. Notation on or Exchange of Securities. Securities
authenticated and delivered after the execution of any supplemental indenture pursuant to this Article 9 may, and shall if required by the Trustee, 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 Securities so modified as to conform, in the opinion of the Trustee and the Board of Directors of 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 Securities. 
  
 Section 9.06. Trustee to Sign Supplemental Indentures. The Trustee shall sign any supplemental indenture authorized pursuant to this Article 9 if the amendment contained therein does not adversely affect the
rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, but need not, sign such supplemental indenture. In signing such supplemental indenture the Trustee shall receive, and (subject to the provisions of Section 7.01)
shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment is authorized or permitted by this Indenture. 
  
 Section 9.07. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article
9, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes, and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall
be bound thereby. 
  
 ARTICLE 10 
  
 SUBORDINATION 
  
 Section 10.01. Agreement of Subordination. The Company covenants and agrees, and each Holder of Securities issued
hereunder by its acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article 10; and each Person holding any Security, whether upon original issue or upon transfer, assignment or
exchange thereof, accepts and agrees to be bound by such provisions. 
  
 The payment of the principal of, premium, if any, and interest (including Liquidated Damages, if any) on all Securities (including, but not limited to, the Change in Control Purchase Price with respect to the Securities subject to purchase
in accordance with Article 3 as provided in this Indenture) issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and subject in right of payment to the prior payment in full in 

  

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cash of all Senior Indebtedness (including the Credit Agreement), whether outstanding at the date of this Indenture or thereafter incurred. 
  
 No provision of this Article 10 shall prevent the occurrence of any default
or Event of Default hereunder. 
  
 Section 10.02. Payments to
Holders. No payment shall be made with respect to the principal of, or premium, if any, or interest (including Liquidated Damages, if any) on the Securities (including, but not limited to, Change in Control Purchase Price with respect to the
Securities subject to purchase in accordance with Article 3 as provided in this Indenture), except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 10.05, if: 
  
 (i) a default in the payment of principal, premium,
interest, other obligations due on any Senior Indebtedness occurs and is continuing (or, in the case of Senior Indebtedness for which there is a period of grace, in the event of such a default that continues beyond the period of grace, if any,
specified in the instrument or lease evidencing such Senior Indebtedness), unless and until such default shall have been cured or waived or shall have ceased to exist; or 
  
 (ii) a default, other than a payment default, on a Designated Senior Indebtedness occurs and is continuing
that then permits holders of such Designated Senior Indebtedness to accelerate its maturity and the Trustee receives a notice of the default (a “Payment Blockage Notice”) from a Representative of Designated Senior Indebtedness.

  
 Subject to the provisions of Section 10.05, if the Trustee
receives any Payment Blockage Notice pursuant to clause (ii) above, no subsequent Payment Blockage Notice shall be effective for purposes of this Section unless and until at least 360 days shall have elapsed since the initial effectiveness of the
immediately prior Payment Blockage Notice. No nonpayment default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice unless
such default shall have been cured or waived for a period of not less than 90 consecutive days (it being acknowledged that any subsequent action, or any breach of any financial covenants for a period commencing after the date of delivery of such
initial Payment Blockage Notice that in either case would give rise to a Default pursuant to any provisions under which a Default previously existed or was continuing shall constitute a new Default for this purpose). 
  
 The Company may and shall resume payments on and distributions in respect of
the Securities upon: 
  
 (a) in the case of a
default referred to in clause (i) above, the date upon which the default is cured or waived or ceases to exist, or 
  
 (b) in the case of a default referred to in clause (ii) above, the earlier of (x) the date on which such default is cured or waived (so
long as no other default exists), (y) 180 days pass after the date on which the applicable Payment Blockage Notice is received or (z) The date on which the Trustee receives notice from the Representative for such Designated Senior Indebtedness
rescinding the payment blockage notice, unless the maturity of any Designated Senior Indebtedness has been accelerated. 
  
 Upon any payment by the Company, or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to creditors
upon any dissolution or winding-up or liquidation or reorganization of the Company (whether voluntary or involuntary) or in bankruptcy, insolvency, receivership or similar proceedings, all amounts due or to become due upon all Senior Indebtedness
shall first be paid in full in cash, or other payments satisfactory to the holders of Senior Indebtedness before any payment is made on account of the principal of, premium, if any, or interest (including Liquidated Damages, if any) on the
Securities (except payments made pursuant to Article 8 from monies deposited with the Trustee pursuant thereto prior to commencement of proceedings for such dissolution, winding-up, liquidation or reorganization); and upon any such dissolution or
winding-up or liquidation or reorganization of the Company or bankruptcy, insolvency, receivership or other proceeding, any payment by the Company, or distribution of assets of the Company of any kind or character, whether in cash, property or
securities, to which the Holders of the Securities or the Trustee would be entitled, except for the provision of this Article 10, shall (except as aforesaid) be paid by the Company or by any receiver, trustee in bankruptcy, 

  

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liquidating trustee, agent or other Person making such payment or distribution, or by the Holders of the Securities or by the Trustee under this Indenture if
received by them or it, directly to the holders of Senior Indebtedness (pro rata to such holders on the basis of the respective amounts of Senior Indebtedness held by such holders, or as otherwise required by law or a court order) or their
representative or representatives, or to the trustee or trustees under any indenture pursuant to which any instruments evidencing any Senior Indebtedness may have been issued, as their respective interests may appear, to the extent necessary to pay
all Senior Indebtedness in full in cash, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness, before any payment or distribution is made to the Holders of the Securities or to the Trustee.

  
 For purposes of this Article 10, the words, “cash,
property or securities” shall not be deemed to include shares of stock of the Company as reorganized or readjusted, or securities of the Company or any other corporation provided for by a plan of reorganization or readjustment, the payment of
which is subordinated at least to the extent provided in this Article 10 with respect to the Securities to the payment of all Senior Indebtedness which may at the time be outstanding; provided that (i) the Senior Indebtedness is assumed by
the new corporation, if any, resulting from any reorganization or readjustment, and (ii) the rights of the holders of Senior Indebtedness (other than leases which are not assumed by the Company or the new corporation, as the case may be) are not,
without the consent of such holders, altered by such reorganization or readjustment. The consolidation of the Company with, or the merger of the Company into, another corporation or the liquidation or dissolution of the Company following the
conveyance, transfer or lease of its property as an entirety, or substantially as an entirety, to another corporation upon the terms and conditions provided for in Article 5 shall not be deemed a dissolution, winding-up, liquidation or
reorganization for the purposes of this Section 10.02 if such other corporation shall, as a part of such consolidation, merger, conveyance, transfer or lease, comply with the conditions stated in Article 5. 
  
 In the event of the acceleration of the Securities because of an Event of
Default, no payment or distribution shall be made to the Trustee or any Holder of Securities in respect of the principal of, premium, if any, or interest (including Liquidated Damages, if any) on the Securities by the Company (including, but not
limited to, the Change in Control Purchase Price with respect to the Securities subject to purchase in accordance with Article 3 as provided in this Indenture), except payments and distributions made by the Trustee as permitted by Section 10.05,
until all Senior Indebtedness has been paid in full in cash or other payment satisfactory to the holders of Senior Indebtedness or such acceleration is rescinded in accordance with the terms of this Indenture. If payment of the Securities is
accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Indebtedness of such acceleration. 
  
 In the event that, notwithstanding the foregoing provisions, any payment or distribution of assets of the Company of any kind or character, whether in
cash, property or securities (including, without limitation, by way of setoff or otherwise), prohibited by the foregoing, shall be received by the Trustee or the Holders of the Securities before all Senior Indebtedness is paid in full, in cash or
other payment satisfactory to the holders of Senior Indebtedness, or provision is made for such payment thereof in accordance with its terms in cash or other payment satisfactory to the holders of Senior Indebtedness, such payment or distribution
shall be held in trust for the benefit of and shall be paid over or delivered to the holders of Senior Indebtedness or their representative or representatives, or to the trustee or trustees under any indenture pursuant to which any instruments
evidencing any Senior Indebtedness may have been issued, as their respective interests may appear, as calculated by the Company, for application to the payment of all Senior Indebtedness remaining unpaid to the extent necessary to pay all Senior
Indebtedness in full, in cash or other payment satisfactory to the holders of Senior Indebtedness, after giving effect to any concurrent payment or distribution to or for the holders of such Senior Indebtedness. 
  
 Nothing in this Article 10 shall apply to claims of, or payments to, the
Trustee under or pursuant to Section 6.10 or Section 7.07. This Section 10.02 shall be subject to the further provisions of Section 10.05. 
  
 Section 10.03. Subrogation of Securities. Subject to the payment in full, in cash or other payment satisfactory to the holders of Senior
Indebtedness, of all Senior Indebtedness, the rights of the Holders of the Securities shall be subrogated to the extent of the payments or distributions made to the holders of such Senior Indebtedness pursuant to the provisions of this Article 10
(equally and ratably with the holders of all indebtedness of the Company which by its express terms is subordinated to other indebtedness of the Company to substantially the same extent as the Securities are subordinated and is entitled to like
rights of subrogation) to the rights of the holders of Senior 

  

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Indebtedness to receive payments or distributions of cash, property or securities of the Company applicable to the Senior Indebtedness until the principal,
premium, if any, and interest (including Liquidated Damages, if any) on the Securities shall be paid in full in cash or other payment satisfactory to the holders of Senior Indebtedness; and, for the purposes of such subrogation, no payments or
distributions to the holders of the Senior Indebtedness of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article 10, and no payment over pursuant to the
provisions of this Article 10, to or for the benefit of the holders of Senior Indebtedness by Holders of the Securities or the Trustee, shall, as between the Company, its creditors other than holders of Senior Indebtedness, and the Holders of the
Securities, be deemed to be a payment by the Company to or on account of the Senior Indebtedness; and no payments or distributions of cash, property or securities to or for the benefit of the Holders of the Securities pursuant to the subrogation
provisions of this Article 10, which would otherwise have been paid to the holders of Senior Indebtedness shall be deemed to be a payment by the Company to or for the account of the Securities. It is understood that the provisions of this Article 10
are and are intended solely for the purposes of defining the relative rights of the Holders of the Securities, on the one hand, and the holders of the Senior Indebtedness, on the other hand. 
  
 Nothing contained in this Article 10 or elsewhere in this Indenture or in the
Securities is intended to or shall impair, as among the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the
Holders of the Securities the principal of (and premium, if any) and interest on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of
the Securities and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law
upon default under this Indenture, subject to the rights, if any, under this Article 10 of the holders of Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. 
  
 Upon any payment or distribution of assets of the Company referred to in this
Article 10, the Trustee, subject to the provisions of Section 7.01, and the Holders of the Securities shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which such bankruptcy, dissolution, winding-up,
liquidation or reorganization proceedings are pending, or a certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other person making such payment or distribution, delivered to the Trustee or to the Holders of the
Securities, for the purpose of ascertaining the persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon and all other facts pertinent
thereto or to this Article 10. 
  
 Section 10.04. Authorization
to Effect Subordination. Each Holder of a Security by the Holder’s acceptance thereof authorizes and directs the Trustee on the Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as
provided in this Article 10 and appoints the Trustee to act as the Holder’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to
in Section 10.03 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the
Securities. 
  
 Section 10.05. Notice to Trustee. The
Company shall give prompt written notice in the form of an Officers’ Certificate to a Responsible Officer of the Trustee and to any Paying Agent of any fact known to the Company which would prohibit the making of any payment of monies to or by
the Trustee or any Paying Agent in respect of the Securities pursuant to the provisions of this Article 10. Notwithstanding the provisions of this Article 10 or any other provision of this Indenture, the Trustee shall not be charged with knowledge
of the existence of any facts which would prohibit the making of any payment of monies to or by the Trustee in respect of the Securities pursuant to the provisions of this Article 10, unless and until a Responsible Officer of the Trustee shall have
received written notice thereof at the Corporate Trust Office from the Company (in the form of an Officers’ Certificate) or a Representative or a holder or holders of Senior Indebtedness or from any trustee thereof; and before the receipt of
any such written notice, the Trustee, subject to the provisions of Section 7.01, shall be entitled in all respects to assume that no such facts exist; provided that if on a date not less than one Business Day prior to the date upon which by
the terms hereof any such monies may become payable for any purpose (including, without limitation, the payment of 

  

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the principal of, or premium, if any, or interest on any Security) the Trustee shall not have received, with respect to such monies, the notice provided for
in this Section 10.05, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such monies and to apply the same to the purpose for which they were received, and shall not be
affected by any notice to the contrary which may be received by it on or after such prior date. Notwithstanding anything in this Article 10 to the contrary, nothing shall prevent any payment by the Trustee to the Holders of monies deposited with it
pursuant to Article 8, and any such payment shall not be subject to the provisions of Article 10. 
  
 The Trustee, subject to the provisions of Section 7.01, shall be entitled to rely on the delivery to it of a written notice by a Representative or a
person representing himself to be a holder of Senior Indebtedness (or a trustee on behalf of such holder) to establish that such notice has been given by a Representative or a holder of Senior Indebtedness or a trustee on behalf of any such holder
or holders. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article
10, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or
distribution and any other facts pertinent to the rights of such Person under this Article 10, and if such evidence is not furnished the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to
receive such payment. 
  
 Section 10.06. Trustee’s
Relation to Senior Indebtedness. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article 10 in respect of any Senior Indebtedness at any time held by it, to the same extent as any other holder of
Senior Indebtedness, and nothing in Section 9.03 or elsewhere in this Indenture shall deprive the Trustee of any of its rights as such holder. 
  
 With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are
specifically set forth in this Article 10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to
the holders of Senior Indebtedness and, subject to the provisions of Section 7.01, the Trustee shall not be liable to any holder of Senior Indebtedness if it shall pay over or deliver to Holders of Securities, the Company or any other person money
or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 10 or otherwise. 
  
 Section 10.07. No Impairment of Subordination. No right of any present or future holder of any Senior Indebtedness to enforce subordination as
herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms,
provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. 
  
 Section 10.08. Certain Conversions Deemed Payment. For the purposes of this Article 10 only, (1) the issuance and delivery of junior securities
upon conversion of Securities in accordance with Article 11 shall not be deemed to constitute a payment or distribution on account of the principal of (or premium, if any) or interest on Securities or on account of the purchase or other acquisition
of Securities, and (2) the payment, issuance or delivery of cash (except in satisfaction of fractional shares pursuant to Section 11.06), property or securities (other than junior securities) upon conversion of a Security shall be deemed to
constitute payment on account of the principal of such Security. For the purposes of this Section 10.08, the term “junior securities” means (a) shares of any stock of any class of the Company, or (b) securities of the Company which are
subordinated in right of payment to all Senior Indebtedness which may be outstanding at the time of issuance or delivery of such securities to substantially the same extent as, or to a greater extent than, the Securities are so subordinated as
provided in this Article. Nothing contained in this Article 10 or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders, the
right, which is absolute and unconditional, of the Holder of any Security to convert such Security in accordance with Article 11. 
  
 Section 10.09. Article Applicable to Paying Agents. If at any time any Paying Agent other than the Trustee shall have been appointed by the Company
and be then acting hereunder, the term “Trustee” as used in this Article 10 shall (unless the context otherwise requires) be construed as extending to and including such Paying 

  

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Agent within its meaning as fully for all intents and purposes as if such Paying Agent were named in this Article 10 in addition to or in place of the
Trustee; provided, however, that the first paragraph of Section 10.05 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent. 
  
 Section 10.10. Senior Indebtedness Entitled to Rely. The holders of
Senior Indebtedness (including, without limitation, Designated Senior Indebtedness) shall have the right to rely upon this Article 10, and no amendment or modification of the provisions contained herein shall diminish the rights of such holders
unless such holders shall have agreed in writing thereto. 
  
 ARTICLE 11 
  
 CONVERSIONS 
  
 Section 11.01. Conversion Privilege. 
  
 (a) A Holder of a Security may at any time prior to the close of business on
the date of Stated Maturity convert any outstanding Securities that is an integral multiple of $1,000 into fully paid and nonassessable shares of Common Stock of the Company (together with those rights specified in Section 11.07(c)) at the
Conversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence on the Issue Date of the Securities and expire at the close of business on the date of the Stated Maturity, subject, in
the case of conversion of any Global Security, to any Applicable Procedures. 
  
 The initial Conversion Price is set forth in paragraph 6 of the Security and is subject to adjustment as provided in this Article 11. Provisions of this Indenture that apply to conversion of all of a Security also
apply to conversion of a portion of a Security. A Holder of Securities is not entitled to any rights of a holder of Common Stock until such Holder has converted its Securities into Common Stock and, upon such conversion, only to the extent such
Securities are deemed to have been converted into Common Stock pursuant to this Article 11. 
  
 (b) If and only to the extent a Holder timely elects to convert Securities in connection with clauses (1), (2) or (3) of the definition of a Change in Control and 10% or more of the fair market value (as determined by
the Board of Directors of the Company, whose determination shall be conclusive evidence of such fair market value) of the consideration for the shares of Common Stock consists of (i) cash (excluding cash paid for fractional shares), (ii) other
property, or (iii) securities that are not traded or scheduled to be traded immediately following such transaction on a U. S. national securities exchange or the Nasdaq National Market, then except as set forth in Section 11.01(c), such holder will
be entitled to receive, in addition to a number of shares of Common Stock equal to the Conversion Rate per $1,000 principal amount of Securities, an additional number of shares of Common Stock (the “Additional Shares”) as described
below, subject to the Company’s conversion settlement election as described in Section 11.03. No Additional Shares shall be issuable under this Section 11.01(c) unless the Holder elects to convert the Securities in connection with such Change
in Control transaction. Notwithstanding this Section 11.01(c), if the Company elects to adjust the Conversion Rate pursuant to Section 11.01(d), the provisions of Section 11.01(d) will apply in lieu of the provisions of this Section 11.01(c).

  
 The number of Additional Shares issuable in connection with
the conversion of Securities as described in the immediately preceding paragraph will be determined by reference to the table attached as Schedule I hereto, based on the effective date of such Change in Control transaction and the Share Price paid
in connection with such transaction; provided that if the Share Price is between two Share Price amounts in the table or such effective date is between two effective dates in the table, the number of Additional Shares will be determined by
the Company by a straight-line interpolation between the number of Additional Shares set forth for the higher and lower Share Price amounts and the two effective dates, as applicable, based on a 365-day year. If holders of Common Stock of the
Company receive only cash in the Change in Control, the Share Price shall be the cash amount per share. Otherwise the Share Price shall be the average of the closing sale prices of the Common Stock of the Company on the five trading days prior to
but not including the effective date of the Change in Control. The “effective date” with respect to a Change in Control transaction means the date that a Change in Control becomes effective. 
  

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 The Share Prices set forth in the first row of each table in Schedule I hereto will be adjusted as of any
date on which the Conversion Price of the Securities is adjusted pursuant to Section 11.07. The adjusted Share Prices will equal the price per share of Common Stock applicable immediately prior to such adjustment, multiplied by a fraction, the
numerator of which is the Conversion Price immediately prior to the adjustment giving rise to the adjustment and the denominator of which is the Conversion Price as so adjusted. The number of Additional Shares will be adjusted in the same manner as
the Conversion Price as set forth in Section 11.07. 
  
 The
maximum amount of additional shares payable is 12.6542 per $1,000 principal amount of Securities. Notwithstanding the foregoing, in no event will the total number of shares of Common Stock issuable upon conversion exceed approximately 70.2247 per
$1,000 principal amount of Securities, subject to adjustments in the same manner as the Conversion Price as set forth under Section 11.07. 
  
 (c) Notwithstanding the provisions of Section 11.01(b), in the case of a Public Acquirer Change in Control, the Company may, in lieu of increasing the
Conversion Rate by Additional Shares as described in Section 11.01(b), elect to adjust the Conversion Rate and the related Conversion Obligation such that from and after the effective date of such Public Acquirer Change in Control, Holders of
Securities will be entitled to convert their Securities into a number of shares of Public Acquirer Common Stock that have been registered, or the resale of which will be registered under the Securities Act by adjusting the Conversion Rate in effect
immediately before the Public Acquirer Change in Control by a fraction: 
  
 (i) the numerator of which will be (A) in the case of a consolidation, merger or binding share exchange, pursuant to which the Common Stock is converted into, exchanged for or constitutes solely the right to receive
cash, securities or other property, the average value of all cash and any other consideration (as determined by the Board of Directors) paid or payable per share of Common Stock or (B) in the case of any other Public Acquirer Change in Control, the
average of the Closing Price of the Common Stock for the five consecutive Trading Days prior to but excluding the effective date of such Public Acquirer Change in Control, and 
  
 (ii) the denominator of which will be the average of the Closing Prices of the Public Acquirer Common Stock
for the five consecutive Trading Days commencing on the Trading Day next succeeding the effective date of such Public Acquirer Change in Control. 
  
 “Public Acquirer Change in Control” means an event constituting a Change in Control that would otherwise obligate the Company to increase
the Conversion Rate as described in Section 11.01(b) and the acquirer (or any entity that is a directly or indirectly wholly-owned subsidiary of the acquirer) has a class of common stock traded on a U.S. national securities exchange or quoted on the
Nasdaq National Market or which will be so traded or quoted when issued or exchanged in connection with such Change in Control (the “Public Acquirer Common Stock”). The registered shares of Public Acquirer Common Stock, or the
shares of Public Acquirer Common Stock registered for resale, as the case may be, shall be listed, or approved for listing, subject only to official notice of issuance, on a national securities exchange on the Nasdaq National Market. 
  
 Upon a Public Acquirer Change in Control, if the Company so elects, Holders
may convert their Securities at the adjusted Conversion Rate described in the second preceding paragraph but will not be entitled to the increased Conversion Rate described in Section 11.01(b). The Company shall notify holders of its election in its
notice to Holders of the Change in Control given pursuant to Section 3.01(b) above. Holders may convert their Securities upon a Public Acquirer Change in Control during the period specified herein. 
  
 If the Company elects to adjust the Conversion Rate and the related
Conversion Obligation as described in this Section 11.01(c), the Company, or the acquiring or surviving Person, as the case may be, shall execute with the Trustee a supplemental indenture (which shall comply with the TIA as in force at the date of
execution of such supplemental indenture) providing for such adjustment to the Conversion Rate and the Conversion Obligation. Such supplemental indenture shall provide for adjustments that shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Article 11. The Company shall cause notice of the execution of such supplemental indenture to be mailed to each Securityholder, at its address appearing on the Security Register provided for in 

  

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Section 2.04(a) of this Indenture, within 20 days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of such
supplemental indenture. 
  
 Section 11.02. Conversion
Procedure. To convert a Security, a Holder must satisfy the requirements in paragraph 8 of the Securities and (i) complete and manually sign the conversion notice on the back of the Security and deliver such notice to the Conversion Agent, (ii)
surrender the Security to the Conversion Agent, (iii) furnish appropriate endorsements and transfer documents if required by the Registrar or the Conversion Agent, (iv) pay any transfer or other tax, if required by Section 11.04 and (v) if the
Security is held in book-entry form, complete and deliver to the Depositary appropriate instructions pursuant to the Depositary’s book-entry conversion programs. The date on which the Holder satisfies all of the foregoing requirements is the
“Conversion Date.” 
  
 As promptly as practicable
after satisfaction of the requirements for conversion set forth in this Article 11, but no later than five Trading Days after the Conversion Date, subject to Section 11.03 and subject to compliance with any restrictions on transfer if shares
issuable on conversion are to be issued in a name other than that of the Securityholder (as if such transfer were a transfer of the Security or Securities (or portion thereof) so converted), the Company shall issue and shall deliver through the
Conversion Agent to such Holder at the office or agency maintained by the Company for such purpose pursuant to Section 4.05, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security or
portion thereof as determined by the Company in accordance with the provisions of this Article 11, or if the Common Stock is eligible for transfer through DTC, the Company shall make a book-entry transfer of such number of shares of Common Stock
through DTC, and a check or cash in respect of any fractional interest arising upon such conversion, calculated by the Company as provided in Section 11.03. 
  
 The person in whose name the certificate is registered shall be deemed to be a stockholder of record on the Conversion Date; provided,
however, that no surrender of a Security on any date when the stock transfer books of the Company shall be closed shall be effective to constitute the person or persons entitled to receive the shares of Common Stock upon such conversion as
the record holder or holders of such shares of Common Stock on such date, but such surrender shall be effective to constitute the person or persons entitled to receive such shares of Common Stock as the record holder or holders thereof for all
purposes at the close of business on the next succeeding day on which such stock transfer books are open; provided, further, that such conversion shall be at the Conversion Price in effect on the date that such Security shall have been
surrendered for conversion, as if the stock transfer books of the Company had not been closed. Upon conversion of a Security, such person shall no longer be a Holder of such Security. 
  
 No payment or adjustment will be made for accrued interest, if any, or Liquidated Damages, if any, on a converted Security
or for dividends or distributions on shares of Common Stock issued upon conversion of a Security (provided that the shares of Common Stock received upon conversion of Securities shall continue to accrue Liquidated Damages, as applicable, in
accordance with the Registration Rights Agreement and shall be entitled to receive, at the next interest payment date, any accrued and unpaid Liquidated Damages with respect to the converted Securities), but if any Holder surrenders a Security for
conversion between the record date for the payment of an installment of interest and the next interest payment date, then, notwithstanding such conversion, the interest or Liquidated Damages, if any, payable on such interest payment date shall be
paid to the Holder of such Security on such record date. In such event, such Security, when surrendered for conversion, must be accompanied by delivery of a check payable to the Conversion Agent in an amount equal to the interest or Liquidated
Damages, if any, payable on such interest payment date on the portion so converted. If such payment does not accompany such Security, the Security shall not be converted; provided, however, that no such check shall be required if such
Security is surrendered for conversion on the interest payment date. If the Company defaults in the payment of interest or Liquidated Damages, if any, payable on such interest payment date, the Conversion Agent shall repay such funds to the Holder.

  
 Upon surrender of a Security that is converted in part, the
Company shall execute, and the Trustee shall authenticate and deliver to the Holder, a new Security equal in principal amount to the unconverted portion of the Security surrendered. 
  

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 Section 11.03. Payment upon Conversion; Cash Payments in Lieu of Fractional Shares. 
  
 (a) In the event that the Company receives notice of conversion on or prior
to Stated Maturity the following procedures will apply: the Holder will not receive any cash payment representing accrued and unpaid interest upon conversion of a Security and the Company will not adjust the conversion rate to account for the
accrued and unpaid interest. 
  
 (b) No fractional Common Shares
or scrip certificates representing fractional shares shall be issued upon conversion of Securities. If more than one Security shall be surrendered for conversion at one time by the same holder, the number of full shares that shall be issuable upon
conversion shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof to the extent permitted hereby) so surrendered. If any fractional share of stock would be issuable upon the conversion of
any Security or Securities, the Company shall make an adjustment and payment therefor in cash to the holder of Securities at the Closing Price of the Common Stock on the last Trading Day immediately preceding the day on which the Securities (or
specified portions thereof) are deemed to have been converted or, the Applicable Share Price if the Company elects to satisfy all or any portion of its Conversion Obligation in cash. 
  
 Section 11.04. Adjustments Below Par Value. Before taking any action which would cause an adjustment decreasing the
Conversion Price so that the shares of Common Stock issuable upon conversion of the Securities would be issued for less than the par value of such Common Stock, the Company will take all corporate action which may be necessary in order that the
Company may validly and legally issue fully paid and nonassessable shares of such Common Stock at such adjusted Conversion Price. 
  
 Section 11.05. Taxes on Conversion. If a Holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax
due on the issue of shares of Common Stock upon such conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Conversion Agent may refuse
to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because the shares are to be issued in a name
other than the Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulations. 
  
 Section 11.06. Company to Provide Stock. The Company shall, prior to issuance of any Securities hereunder, and from time to time as may be
necessary, reserve, out of its authorized but unissued Common Stock a sufficient number of shares of Common Stock to permit the conversion of all outstanding Securities for shares of Common Stock. The shares of Common Stock or other securities
issued upon conversion of any Restricted Security shall bear a legend substantially in the following form: 
  
 “THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED
THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 
  
 “THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR
OTHERWISE TRANSFERRED, ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (III) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (III) IN ACCORDANCE WITH ANY
APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED 

  

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STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED
TO IN (A) ABOVE.” 
  
 No fractional shares of Common Stock
shall be issued upon conversion of Securities. If more than one Security shall be surrendered for conversion at one time by the same holder, the number of full shares which shall be issuable upon conversion shall be computed on the basis of the
aggregate principal amount of the Securities (or specified portions thereof to the extent permitted hereby) so surrendered. If any fractional share of Common Stock would be issuable upon the conversion of any Security or Securities, the Company
shall make a payment therefor in cash at the current market value thereof. For these purposes, the current market value of a share of Common Stock shall be the Closing Price per share of Common Stock on the first Business Day immediately preceding
the day on which the Securities (or specified portions thereof) are deemed to have been converted. 
  
 The Company covenants that all shares of Common Stock delivered upon conversion of the Securities shall be newly issued shares or treasury shares, shall
be duly authorized, validly issued, fully paid and non-assessable and shall be free from preemptive rights and free of any lien or adverse claim. 
  
 The Company will endeavor promptly to comply with all federal and state securities laws regulating the offer and delivery of shares of Common Stock upon
conversion of Securities, if any, and will list or cause to have quoted such shares of Common Stock on each national securities exchange or in the over-the-counter market or such other market on which the Common Stock is then listed or quoted.

  
 Section 11.07. Conversion Price Adjustments. (a) The
conversion price (the “Conversion Price”) shall be that price set forth in paragraph 6 of the form of Security attached hereto as Exhibit A and shall be adjusted from time to time by the Company as follows: 
  
 (i) In case the Company shall (A) pay a dividend or other
distribution in shares of Common Stock to all holders of Common Stock, (B) subdivide its outstanding Common Stock into a greater number of shares or (C) combine its outstanding Common Stock into a smaller number of shares, the Conversion Price in
effect immediately prior thereto shall be adjusted so that the Holder of any Security thereafter surrendered for conversion shall be entitled to receive the number of shares of Common Stock which it would have owned or have been entitled to receive
had such Security been converted immediately prior to the happening of such event. An adjustment made pursuant to this subsection shall become effective immediately after the record date in the case of a dividend or distribution and shall become
effective immediately after the effective date in the case of subdivision or combination. 
  
 (ii) In case the Company shall issue (other then pursuant to a stockholder rights plan) to all holders of its Common Stock or holders of
its Preferred Stock, rights, warrants or options entitling such holders to subscribe for or purchase shares of Common Stock (or securities convertible into Common Stock) at a price per share less than the current market price per share of Common
Stock (as determined in accordance with Section 11.07(b) below), at the record date for the determination of stockholders entitled to receive such rights, warrants or options, the Conversion Price in effect immediately prior thereto shall be
adjusted so that the Conversion Price shall equal the price determined by multiplying the Conversion Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the number of shares of Common Stock
outstanding on such record date, plus the number of shares which the aggregate subscription or purchase price for the total number of shares of Common Stock offered by the rights, warrants or options so issued (or the aggregate conversion price of
the convertible securities offered by such rights, warrants or options) would purchase at such current market price, and the denominator of which shall be the number of shares of Common Stock outstanding on such record date plus the number of
additional shares of Common Stock offered by such rights, warrants or options (or into which the convertible securities so offered by such rights, warrants or options are convertible). Such adjustment shall be made successively whenever any such
rights, warrants or options are issued, and shall become effective immediately after such record date. If at the end of the period during which such rights, warrants or options are exercisable not all rights, warrants or options shall have been
exercised, the adjusted Conversion Price shall be immediately readjusted to what it would have been upon application of the foregoing adjustment 

  

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substituting the number of additional shares of Common Stock actually issued (or the number of shares of Common Stock issuable upon conversion of convertible
securities actually issued) for the total number of shares of Common Stock offered (or the convertible securities offered). 
  
 (iii) In case the Company shall distribute to all holders of its Common Stock any shares of Capital Stock of the Company (other than
Common Stock) or evidences of its indebtedness, cash, other securities or other assets, or shall distribute to all holders of its Common Stock, rights, warrants or options to subscribe for or purchase any of its securities (excluding (A) rights,
options and warrants referred to in Section 11.07(a)(ii), (B) dividends and distributions paid solely in cash and not referred to in Section 11.07(a)(iv), and (C) those dividends, distributions, subdivisions and combinations referred to in Section
11.07(a)(i)), then in each such case the Conversion Price shall be adjusted so that the same shall equal the price determined by multiplying the Conversion Price in effect immediately prior to the date of such distribution by a fraction, the
numerator of which shall be the current market price per share (as determined in accordance with Section 11.07(b) below) of the Common Stock on the record date mentioned below less the fair market value on such record date (as determined by the
Board of Directors of the Company, whose determination shall be conclusive evidence of such fair market value) of the portion of the Capital Stock or evidences of indebtedness, securities or assets so distributed or of such rights, warrants or
options, in each case as applicable, to one share of Common Stock, and the denominator of which shall be the current market price per share (as determined in accordance with Section 11.07(b) below) of the Common Stock on such record date. Such
adjustment shall become effective immediately after the record date for the determination of stockholders entitled to receive such distribution. 
  
 (iv) In case the Company shall declare a cash dividend or distribution to all or substantially all holders of its Common Stock, then in
each such case the Conversion Price shall be adjusted so that the same shall equal the price determined by multiplying the Conversion Price in effect immediately prior to the record date for such dividend or distribution by a fraction, the numerator
of which shall be the Pre-Dividend Sale Price minus the Dividend Adjustment Amount, and the denominator of which shall be the Pre-Dividend Sale Price; provided that no adjustment to the Conversion Price or the ability of a Holder of a
Security to convert such security will be made if the Company provides that Holders of Securities will participate in the cash dividend or distribution without conversion; provided, further, that if the numerator of the foregoing
fraction is less than $1.00 (including a negative amount) then in lieu of any adjustment under this clause (iv), the Company shall make adequate provision so that each Holder of Securities shall have the right to receive upon conversion the amount
of cash such Holder would have received had such Holder converted such Securities on the record date for such cash dividend or distribution. “Pre-Dividend Sale Price” means the average Common Stock price for the three consecutive
Trading Days ending on the Trading Day immediately preceding the ex-dividend date for such dividend or distribution. “Dividend Adjustment Amount” means the full amount of the dividend or distribution to the extent payable in cash
applicable to one share of Common Stock. Such adjustment shall become effective immediately after the record date for the determination of stockholders entitled to receive such distribution. 
  
 (v) In case the Company or any of its Subsidiaries shall
make a payment in respect of a tender offer or exchange offer for shares of Common Stock, then in each such case the Conversion Price shall be adjusted by an amount equal to the fair market value (as determined by the Board of Directors of the
Company, whose determination shall be conclusive evidence of such fair market value) of the aggregate consideration paid per share of Common Stock minus the Closing Price per share of Common Stock on the Trading Date next succeeding the last day on
which tenders or exchanges may be made pursuant to such offer. Such adjustment shall become effective immediately after the date of such repurchase. 
  
 (vi) In case someone other than the Company or any of its Subsidiaries makes a payment in respect of a tender offer or exchange offer for
shares of Common Stock in which, as of the closing date of the offer, the Company’s board of directors is not recommending rejection of the offer, the Conversion Price will be adjusted so that the Conversion Price shall equal the price
determined by multiplying the Conversion Price in effect immediately prior to the date of the closing of the offer by a fraction, the numerator of which shall be the current market price per share (as determined in accordance with Section 11.07(b)
below) of the Common Stock on the date of the closing of the offer minus the quotient obtained 

  

 -43- 

 
by dividing the Aggregate Market Premium (as defined below) involved in such tender offer or exchange offer by the difference between the number of shares of
Common Stock outstanding before the closing of the offer and the number of shares of Common Stock the subject of such tender offer or exchange offer, and the denominator of which shall be the current market price per share (as determined in
accordance with Section 11.07(b) below) of the Common Stock on the date of the closing of the offer. Such adjustment shall become effective immediately after the closing of the offer. For purposes of this subsection (vi), the “Aggregate
Market Premium” is the excess, if any, of the aggregate price paid for all such Common Stock at the closing of the offering over the aggregate current market value per share (as determined in accordance with Section 11.07(b) below) of all
such stock, determined with respect to each share involved in each such offer as of the date of the closing of such offer with respect to such share. The adjustment referred to in this subsection (vi) will only be made if: 
  
 (A) the tender offer or exchange offer is for an amount that
increases the offeror’s ownership of Common Stock to more than 25% of the total shares of the Company’s Common Stock outstanding; and 
  
 (B) the cash and value of any other consideration included in the payment per share of Common Stock exceeds the current market price per
share of Common Stock on the Business Day next succeeding the last date on which tenders or exchanges may be made pursuant to the tender or exchange offer. 
  
 However, the adjustment referred to in this subsection (vi) will not be made if as of the closing of the offer, the offering documents disclose a plan or
an intention to cause the Company to engage in a consolidation or merger of the Company or a sale of all or substantially all of the Company’s assets. 
  
 (b) For the purpose of any computation under Sections 11.07(a)(ii), (iii) and (vi) above, the current market price per share of Common Stock on any date
shall be deemed to be the average of the Closing Prices per share of Common Stock for 20 consecutive Trading Days commencing 30 Trading Days before the record date with respect to any distribution, issuance or other event requiring such computation.
The “Closing Price” with respect to the Common Stock for any day shall mean the closing sale price, regular way, per share of Common Stock on such day or, in case no such sale of Common Stock takes place on such day, the average of
the reported closing bid and asked prices, regular way, per share of Common Stock in each case on the New York Stock Exchange, the Nasdaq Stock Market or principal national security exchange or other quotation system on which the Common Stock is
quoted or listed or admitted to trading on such day, or, if the Common Stock is not so quoted or listed or admitted to trading on any national securities exchange or quotation system, the average of the closing bid and asked prices per share of
Common Stock on the over-the-counter market on the day in question as reported by the National Quotation Bureau Incorporated, or a similar generally accepted reporting service, or, if such average is not so available, determined in such manner as
furnished by any New York Stock Exchange member firm selected from time to time by the Board of Directors for that purpose, or if not so determinable as provided under any applicable alternative above, a price per share of Common Stock determined in
good faith by the Board of Directors or, to the extent permitted by applicable law, a duly authorized committee thereof, whose determination shall be conclusive. 
  
 (c) If the rights (the “Rights”) provided for in a stockholder rights plan at the Company, have separated
from the Company’s Common Stock in accordance with the provisions of the stockholder rights plan so that the Holders of the Securities would not be entitled to receive any rights in respect of Common Stock issuable upon conversion of the
Securities, the Conversion Price will be adjusted as provided in Section 11.07(a)(iii) above, subject to readjustment in the event of the expiration, termination or redemption of the rights. In lieu of any such adjustment, the Company may amend its
stockholder rights plan to provide that upon conversion of the Securities the Holders will receive, in addition to Common Stock issuable upon such conversion, the rights which would have attached to such shares of Common Stock if the rights had not
become separated from the Common Stock under the Company’s Stockholder Rights Plan. To the extent that the Company adopts any future rights plan, upon conversion of the Securities into Common Stock, Securityholders will receive, in addition to
Common Stock, the rights under the future rights plan whether or not the rights have separated from the Common Stock at the time of conversion and no adjustment to the Conversion Price will be made in accordance with Section 11.07(a)(iii).

  

 -44- 

 (d) In any case in which this Section 11.07 shall require that an adjustment be made immediately
following a record date established for purposes of Section 11.07, the Company may elect to defer (but only until five Business Days following the filing by the Company with the Trustee of the certificate described in Section 11.07) issuing to the
holder of any Security converted after such record date the shares of Common Stock and other Capital Stock of the Company issuable upon such conversion over and above the shares of Common Stock and other Capital Stock of the Company issuable upon
such conversion only on the basis of the Conversion Price prior to adjustment; and, in lieu of the shares the issuance of which is so deferred, the Company shall issue or cause its transfer agents to issue due bills or other appropriate evidence of
the right to receive such shares. 
  
 If after an adjustment a
Holder of a Security upon conversion of such Security may receive shares of two or more classes of Capital Stock of the Company, the Conversion Price shall thereafter be subject to adjustment upon the occurrence of an action taken with respect to
any such class of Capital Stock as is contemplated by this Article 11 with respect to the Common Stock, on terms comparable to those applicable to Common Stock in this Article 11. 
  
 Section 11.08. No Adjustment. No adjustment in the Conversion Price shall be required unless the adjustment would
require an increase or decrease of at least 1 % in the Conversion Price as last adjusted; provided, however, that any adjustments which by reason of this Section 11.08 are not required to be made shall be carried forward and taken into
account in any subsequent adjustment. All calculations under this Article 11 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. 
  
 No adjustment need be made for a transaction referred to in Section 11.07 if Holders are to participate in the transaction
on a basis and with notice that the Board of Directors determines to be fair and appropriate in light of the basis and notice on which holders of Common Stock participate in the transaction. Such participation by Holders may include participation
upon conversion; provided that an adjustment shall be made at such time as the Holders are no longer entitled to participate. 
  
 No adjustment need be made for rights to purchase Common Stock or issuances of Common Stock pursuant to a Company plan for reinvestment of dividends or
interest. 
  
 No adjustment need be made for a change in the par
value or a change to no par value of the Common Stock. 
  
 To the
extent that the Securities become convertible into cash, no adjustment need be made thereafter as to the cash. Interest will not accrue on the cash. 
  
 Section 11.09. Equivalent Adjustments. In the event that, as a result of an adjustment made pursuant to Section 11.07 above, the holder of any
Security thereafter surrendered for conversion shall become entitled to receive any shares of Capital Stock of the Company other than shares of its Common Stock, thereafter the Conversion Price of such other shares so receivable upon conversion of
any Securities shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to Common Stock contained in this Article 11. 
  
 Section 11.10. Adjustment for Tax Purposes. The Company shall be
entitled to make such reductions in the Conversion Price, in addition to those required by Section 11.07, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to
purchase stock or securities, or a distribution or securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable. 
  
 Section 11.11. Notice of Adjustment. Whenever the Conversion Price is adjusted, or Securityholders become entitled to
other securities or due bills, the Company shall promptly mail to Securityholders a notice of the adjustment and file with the Trustee an Officers’ Certificate briefly stating the facts requiring the adjustment and the manner of computing it.
The certificate shall be conclusive evidence of the correctness of such adjustment and the Trustee may conclusively assume that, unless and until such certificate is received by it, no such adjustment is required. 
  

 -45- 

 Section 11.12. Notice of Certain Transactions. In case: 
  
 (a) the Company shall declare a dividend (or any other
distribution) on its Common Stock and the dividend (or other distribution) has a per share value exceeding 10% of the Closing Price per share of Common Stock on the day preceding the declaration date for such distribution; or 
  
 (b) the Company shall authorize the granting to the holders
of its Common Stock of rights, warrants or options to subscribe for or purchase, for a period expiring within 60 days of the date of distribution, shares of our Common Stock at less than the then current market price; 
  
 the Company shall cause to be filed with the Trustee and the Conversion Agent and to be
mailed to each Holder of Securities at its address appearing on the list provided for in Section 2.07, as promptly as possible but in any event at least twenty days prior to the ex-dividend date for such distribution, a notice stating the date on
which a record is to be taken for the purpose of such dividend, distribution or rights, warrants or options, or, if a record is not to be taken, the date as of which the holders of Common Stock of record to be entitled to such dividend, distribution
or rights are to be determined. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such dividend or distribution. The Company shall not be required to give any such notice if the Holders are to
participate in the transaction on the basis on which holders of Common Stock participate in the transaction. 
  
 Section 11.13. Effect of Reclassification, Consolidation, Merger, Share Exchange or Sale on Conversion Privilege. If any of the following shall
occur, namely: (i) any reclassification or change of outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination); (ii)
any consolidation, combination, merger or share exchange to which the Company is a party other than a merger in which the Company is the continuing corporation and which does not result in any reclassification of, or change (other than a change in
name, or par value, or from par value to no par value, or from no par value to par value) in, outstanding shares of Common Stock; or (iii) any sale or conveyance of all or substantially all of the assets of the Company, then the Company, or such
successor or purchasing corporation, as the case may be, shall, as a condition precedent to such reclassification, change, consolidation, merger, share exchange, sale or conveyance, execute and deliver to the Trustee a supplemental indenture
providing that the Holder of each Security then outstanding shall have the right to convert such Security into the kind and amount of shares of Capital Stock and other securities and property (including cash) receivable upon such reclassification,
change, consolidation, merger, share exchange, sale or conveyance by a holder of the number of shares of Common Stock deliverable upon conversion of such Security immediately prior to such reclassification, change, consolidation, merger, share
exchange, sale or conveyance. Such supplemental indenture shall provide for adjustments of the Conversion Price which shall be as nearly equivalent as may be practicable to the adjustments of the Conversion Price provided for in this Article 11. If,
in the case of any such consolidation, merger, share exchange, sale or conveyance, the stock or other securities and property (including cash) receivable thereupon by a holder of Common Stock includes shares of Capital Stock or other securities and
property of a corporation other than the successor or purchasing corporation, as the case may be, in such consolidation, merger, share exchange, sale or conveyance, then such supplemental indenture shall also be executed by such other corporation
and shall contain such additional provisions to protect the interests of the Holders of the Securities as the Board of Directors of the Company shall reasonably consider necessary by reason of the foregoing. The provision of this Section 11.13 shall
similarly apply to successive consolidations, mergers, share exchanges, sales or conveyances. Notwithstanding the foregoing, a distribution by the Company to all or substantially all holders of its Common Stock for which an adjustment to the
Conversion Price or provision for conversion of the Securities may be made pursuant to Section 11.07 shall not be deemed to be a sale or conveyance of all or substantially all of the assets of the Company for purposes of this Section 11.13.

  
 In the event the Company shall execute a supplemental
indenture pursuant to this Section 11.13, the Company shall promptly, and in any event within ten days, file with the Trustee an Opinion of Counsel stating that such supplemental indenture is authorized or permitted by this Indenture and an
Officers’ Certificate briefly stating the reasons therefor, the kind or amount of shares of stock or securities or property (including cash) receivable by Holders of the Securities upon the conversion of their Securities after any such
reclassification, change, consolidation, merger, share exchange, sale or conveyance, any adjustment to be made with respect thereto and that all conditions precedent have been complied with. 
  

 -46- 

 Section 11.14. Trustee’s Disclaimer. The Trustee has no duty to determine when an adjustment
under this Article 11 should be made, how it should be made or what such adjustment should be made, but may accept as conclusive evidence of the correctness of any such adjustment, and shall be protected in relying upon, the Officers’
Certificate with respect thereto which the Company is obligated to file with the Trustee pursuant to Section 11.11. The Trustee shall not be accountable for and makes no representation as to the validity or value of any securities or assets issued
upon conversion of Securities, and the Trustee shall not be responsible for the Company’s failure to comply with any provisions of this Article 11. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the
same protection under this Section 11.14 as the Trustee. 
  
 The
Trustee shall not be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture executed pursuant to Section 11.13, but may accept as conclusive evidence of the correctness thereof, and shall be
protected in relying upon, the Officers’ Certificate with respect thereto which the Company is obligated to file with the Trustee pursuant to Section 11.13. 
  
 Section 11.15. [Intentionally Omitted]. 
  
 Section 11.16. Simultaneous Adjustments. In the event that this Article 11 requires adjustments to the Conversion
Price under more than one of Sections 11.07(a)(iii), (a)(iv) and (a)(v), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions
of Section 11.07(a)(iv) or (a)(v), as applicable, and, second, the provisions of Section 11.07(a)(iii). If more than one event requiring adjustment pursuant to Section 11.07 shall occur before completing the determination of the Conversion Price for
the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all
such events as shall preserve for Securityholders the Conversion Price protection provided in Section 11.07. 
  
 ARTICLE 12 
  
 MISCELLANEOUS 
  
 Section 12.01. Trust Indenture Act
Controls. If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required to be included in this Indenture by the TIA, the required provision shall control. 
  
 Section 12.02. Notices. Any request, demand, authorization, notice,
waiver, consent or communication shall be in writing and delivered in person or mailed by first-class mail, postage prepaid, addressed as follows, or transmitted by facsimile transmission (confirmed orally) to the following facsimile numbers:

  
 if to the Company, to: 
  
 Exide Technologies 
 13000 Deerfield Parkway 
 Building 200

 Alpharetta, Georgia 30004 
 Attention: Chief Financial Officer 
 Facsimile No.: (609) 512-3040 
  
 if to the Trustee, to: 
  
 SunTrust Bank 
 919 East Main Street

 Richmond, Virginia 23219 
 Attention: Corporate Trust Department, Mail Code HDQ5310 
 Facsimile No.: (804) 782-7855 
  

 -47- 

 The Company or the Trustee by notice given to the other in the manner provided above may designate
additional or different addresses for subsequent notices or communications. 
  
 Any notice or communication given to a Securityholder shall be mailed to the Securityholder, by first-class mail, postage prepaid, at the Securityholder’s address as it appears on the registration books of the
Registrar and shall be sufficiently given if so mailed within the time prescribed. 
  
 Failure to mail a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. If a notice or communication is mailed in the manner provided
above, it is duly given, whether or not received by the addressee. 
  
 If the Company mails a notice or communication to the Securityholders, it shall mail a copy to the Trustee and each Registrar, Paying Agent, Conversion Agent or co-registrar. 
  
 Section 12.03. Communication by Holders with Other Holders. Securityholders may communicate pursuant to TIA Section
312(b) with other Securityholders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar, the Paying Agent, the Conversion Agent and anyone else shall have the protection of TIA Section 312(c).

  
 Section 12.04. Certificate and Opinion as to Conditions
Precedent. Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
  

(a) an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this
Indenture relating to the proposed action have been complied with; and 
  
 (b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
  

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
eligible and qualified 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 or her 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 the information on which counsel is
relying 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. 
  
 Section 12.05. Statements Required in Certificate or Opinion. Each Officers’ Certificate or Opinion of Counsel with respect to compliance with
a covenant or condition provided for in this Indenture shall include: 
  
 (a) a statement that each person making such Officers’ Certificate or Opinion of Counsel has read such covenant or condition; 
  
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such Officers’ Certificate or Opinion of Counsel are based; 
  

 -48- 

 (c) a statement that, in the opinion of each such person, he has made such examination or
investigation as is necessary to enable such person to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
  

(d) a statement that, in the opinion of such person, such covenant or condition has been complied with. 
  
 Section 12.06. Separability Clause. In case any provision in this
Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  
 Section 12.07. Rules by Trustee, Paying Agent, Conversion Agent and
Registrar. The Trustee may make reasonable rules for action by or a meeting of Securityholders. The Registrar, the Conversion Agent and the Paying Agent may make reasonable rules for their functions. 
  
 Section 12.08. Legal Holidays. A “Legal Holiday” is
any day other than a Business Day. If any specified date (including a date for giving notice) is a Legal Holiday, the action shall be taken on the next succeeding day that is not a Legal Holiday, and, if the action to be taken on such date is a
payment in respect of the Securities, no interest or Liquidated Damages, if any, shall accrue for the intervening period. 
  
 Section 12.09. Governing Law. This Indenture and each Security shall be deemed to be a contract made under the laws of the State of New York, and
for all purposes shall be construed in accordance with the laws of the State of New York, without regard to principles of conflicts of laws. 
  
 Section 12.10. No Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company shall not have any liability for
any obligations of the Company under the Securities or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Securityholder shall waive and release all such liability. The waiver and
release shall be part of the consideration for the issue of the Securities. 
  
 Section 12.11. Successors. All agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 
  
 Section 12.12. Multiple Originals. This Indenture may be executed in
any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 
  

 -49- 

 IN WITNESS WHEREOF, the undersigned, being duly authorized, have executed this Indenture on behalf of the
respective parties hereto as of the date first above written. 
  

					
	 EXIDE TECHNOLOGIES

		
	 By:
	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 
	
	 SUNTRUST BANK

		
	 By:
	 	 
	 	 	 Name:
	 	 Patricia A. Welling

	 	 	 Title:
	 	 First Vice President

  

 -50- 

 EXHIBIT A-1 
  
 [FORM OF FACE OF GLOBAL SECURITY] 
  
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A
NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 
  
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO EXIDE TECHNOLOGIES (THE “COMPANY”) OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY
PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE
THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  
 THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS GLOBAL SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF. UNLESS AND UNTIL THIS GLOBAL SECURITY IS EXCHANGED IN
WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM IN THE LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE
OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
  
 THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS SECURITY AND THE COMMON STOCK ISSUABLE UPON CONVERSION HEREOF MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE
EXEMPTION THEREFROM. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 
  
 THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A)
THIS SECURITY AND THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION HEREOF MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE
144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (III) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (III) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
  
 THE FOREGOING LEGEND MAY BE REMOVED FROM THIS SECURITY ON SATISFACTION OF THE CONDITIONS SPECIFIED IN THE INDENTURE. 
  

 A-1-1 

 EXIDE TECHNOLOGIES 
  
 Floating Rate Convertible Senior Subordinated Note due 2013 
  

			
	No.:	  	CUSIP:
		
	 	  	ISIN NUMBER:
		
	Issue Date:	  	Principal Amount:

  
 EXIDE TECHNOLOGIES, a
Delaware corporation, promises to pay to Cede & Co. or registered assigns, the Principal Amount as set forth on Schedule I hereto, on September 18, 2013, subject to the further provisions of this Security set forth on the reverse hereof, which
further provisions shall for all purposes have the same effect as if set forth at this place. This Security is convertible as specified on the other side of this Security. 
  
 Interest Payment Dates: March 15, June 15, September 15 and December 15, commencing June 15, 2005 
  
 Record Dates: March 1, June 1, September 1 and December 1 
  
 Dated: March 18, 2005 
  

					
	 EXIDE TECHNOLOGIES

		
	 By:
	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

 A-1-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
  
 SUNTRUST BANK, as Trustee, certifies that this is one of the Securities referred to in the within-mentioned Indenture.

  

			
		
	By:	 	 
	 	 	Authorized Signatory

  
 Dated: 
  

 A-1-3 

 [FORM OF REVERSE SIDE OF SECURITY] 
  
 EXIDE TECHNOLOGIES 
  
 Floating Rate Convertible Senior Subordinated Note due 2013 
  

	 	1.	Interest. 

  
 The Security will bear interest at a per annum rate equal to 3-month LIBOR, adjusted quarterly, minus a spread of 1.5% as described below. 
  
 The Company will pay interest quarterly in arrears on March 15, June 15,
September 15 and December 15 of each year, commencing on June 15, 2005. Interest on the Securities will accrue from March 18, 2005 or, if interest has already been paid, from the date on which it was most recently paid. The Company will make each
interest payment to persons who are holders of record of the Securities at the close of business on the immediately preceding March 1, June 1, September 1 and December 1, whether or not this day is a business day. Interest (including Liquidated
Damages, if any) payable upon repurchase will be paid to the person to whom principal is payable unless the repurchase date is between the close of business on any record date for the payment of interest and the opening of business on the related
Interest Payment Date. Interest on the Securities is computed on the basis of a 360-day year comprised of twelve 30-day months. The Company will pay the principal of, and interest (including liquidated damages, if any) on, the Securities at the
office or agency maintained by us with the trustee in the Borough of Manhattan in New York City. The Company reserves the right to pay interest to Holders of any Securities in certificated form by check mailed to the Holders at their registered
addresses. However, a Holder of such Securities with an aggregate principal amount in excess of $1,000,000 may request payment by wire transfer in immediately available funds to an account in North America. 
  
 The interest rate will be determined by the Trustee acting as calculation
agent. The interest rate for each quarterly period (other than the period before the first interest payment date) will be reset on the first day of such quarterly period (which we refer to as the interest adjustment date), which will be the Interest
Payment Date for the immediately preceding quarterly period. The adjusted interest rate will be based upon 3-month LIBOR, determined on the second preceding London banking day prior to the applicable interest adjustment date (the “Interest
Determination Date”) as described below. Interest on the Securities will accrue from the date of original issuance to June 15, 2005 at a rate of 1.53% per annum. 
  
 For purposes of this Section 1, the following terms shall have the meanings indicated below: 
  
 The term “3-month LIBOR means, with respect to any Interest
Determination Date: 
  
 (a) the rate for 3-month
deposits in United States dollars commencing on the second London banking day succeeding the Interest Determination Date, that appears on the Moneyline Telerate Page 3750 (as described below) as of 11:00 a.m., London time, on the Interest
Determination Date; or 
  
 (b) if no rate appears
on the particular Interest Determination Date on the Moneyline Telerate Page 3750, the rate calculated by the calculation agent as the arithmetic mean of at least two offered quotations obtained by the calculation agent after requesting the
principal London offices of each of four major reference banks in the London interbank market to provide the calculation agent with its offered quotation for deposits in United States dollars for the period of three months, commencing on the second
London banking day succeeding the Interest Determination Date, to prime banks in the London interbank market at approximately 11: 00 a.m., London time, on that Interest Determination Date and in a principal amount that is representative for a single
transaction in United States dollars in the market at that time; or 
  
 (c) if fewer than two offered quotations referred to in clause (b) are provided as requested, the rate calculated by the calculation agent as the arithmetic mean of the rates quoted at approximately 11:00 a.m., New
York time, on the particular Interest Determination Date by three major banks in the City 

  

 A-1-4 

 
of New York selected by the calculation agent of loans in United Sates dollars to leading European banks for a period of three months commencing on the
second London banking day succeeding the Interest Determination Date, and in a principal amount that is representative for a single transaction in United States dollars in the market at that time; or 
  
 (d) if the banks so selected by the calculation agent are
not quoting as mentioned in clause (c), 3-month LIBOR in effect immediately prior to the particular Interest Determination Date (or 1.53% per annum in the case of the interest adjustment date on June 15, 2005) 
  
 “Moneyline Terlerate Page 3750” means the display on
Moneyline Telerate (or any successor service) on such page (or any other page as may replace such page on such service) or such other service or services as may be nominated by the British Bankers’ Association as the information vendor for the
purpose of displaying the London interbank rates of major banks for United States dollars. 
  
 “London banking day” means a day on which commercial banks are open for business, including dealing in United States dollars, in London, England. 
  

	 	2.	Method of Payment. 

  
 The Company will pay interest and Liquidated Damages, if any, on this Security (except defaulted interest) to the Person who is the registered Holder of
this Security at the close of business on March 1, June 1, September 1 or December 1, as the case may be, whether or not this day is a business day, next preceding the related interest payment date. Subject to the terms and conditions of the
Indenture, the Company will make payments in respect of Change in Control Purchase Price and the Principal Amount at Stated Maturity, as the case may be, to the Holder who surrenders a Security to a Paying Agent to collect such payments in respect
of the Security. The Company will pay cash amounts in money of the United States that at the time of payment is legal tender for payment of public and private debts. However, the Company may pay interest, Liquidated Damages, if any, Change in
Control Purchase Price and the Principal Amount at Stated Maturity, as the case may be, by check or wire payable in such money; provided, however, that a Holder holding Securities with an aggregate Principal Amount in excess of
$1,000,000 will be paid by wire transfer in immediately available funds at the election of such Holder. The Company may mail an interest check to the Holder’s registered address. Notwithstanding the foregoing, so long as this Security is
registered in the name of a Depositary or its nominee, all payments hereon shall be made by wire transfer of immediately available funds to the account of the Depositary or its nominee. 
  

	 	3.	Paying Agent, Conversion Agent and Registrar. 

  
 Initially, SunTrust Bank (the “Trustee”) will act as Paying Agent, Conversion Agent and Registrar. The Company may appoint and change any
Paying Agent, Conversion Agent or Registrar without notice, other than notice to the Trustee; provided that the Company will maintain at least one Paying Agent in the State of New York, City of New York, Borough of Manhattan, which shall
initially be an office or agency of the Trustee. The Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Conversion Agent or Registrar. 
  

	 	4.	Indenture. 

  
 The Company issued the Securities under an Indenture dated as of March 18, 2005 (the “Indenture”), between the Company and the Trustee.
The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as in effect from time to time (the “TIA”). Capitalized terms used herein and
not defined herein have the meanings ascribed thereto in the Indenture. The Securities are subject to all such terms, and Securityholders are referred to the Indenture and the TIA for a statement of those terms. 
  
 The Initial Securities are subordinated unsecured obligations of the Company
limited to up to $60,000,000 aggregate Principal Amount (or up to $69,000,000 if Deutsche Bank Securities, Inc.’s option to purchase additional Securities is exercised). The Indenture does not limit other indebtedness of the Company, secured or unsecured, including Senior Indebtedness. 
  

 A-1-5 

	 	5.	Purchase by the Company at the Option of the Holder Upon Change in Control 

  
 At the option of the Holder and subject to the terms and conditions of the Indenture, the Company shall become obligated to
purchase the Securities held by such Holder after the occurrence of a Change in Control of the Company for a Change in Control Purchase Price payable in cash, equal to the principal amount thereof plus accrued and unpaid interest and Liquidated
Damages, if any, thereon, up to but not including the Change in Control Purchase Date. Holders have the right to withdraw any Change in Control Purchase Notice by delivering to the Paying Agent a written notice of withdrawal in accordance with the
provisions of the Indenture. 
  
 If money sufficient to pay the
Change in Control Purchase Price of all Securities (or portions thereof) to be purchased as of the Change in Control Purchase Date is deposited with the Paying Agent on the Business Day following the Change in Control Purchase Date, interest and
Liquidated Damages, if any, cease to accrue on such Securities (or portions thereof) immediately after such Change in Control Purchase Date, and the Holder thereof shall have no other rights as such other than the right to receive the Change in
Control Purchase Price upon surrender of such Security. 
  

	 	6.	Conversion. 

  
 A Holder of a Security may convert the principal amount of such Security (or any portion thereof equal to $1,000 or any integral multiple of $1,000 in
excess thereof) into shares of Common Stock at any time prior to the close of business on September 18, 2013; provided, however, that if the Security is called subject to purchase upon a Change in Control, the conversion right will
terminate at the close of business on the Business Day immediately preceding the Change in Control Purchase Date for such Security or such earlier date as the Holder presents such Security for purchase (unless the Company shall default in paying the
Change in Control Purchase Price when due, in which case the conversion right shall terminate at the close of business on the date such default is cured and such Security is purchased). 
  
 The initial conversion price is $17.37 per share, subject to adjustment under certain circumstances as described in the
Indenture (the “Conversion Price”). The number of shares issuable upon conversion of a Security is determined by dividing the principal amount converted by the Conversion Price in effect on the Conversion Date. Upon conversion, no
adjustment for interest, if any, or dividends will be made. No fractional shares will be issued upon conversion; in lieu thereof, an amount will be paid in cash based upon the Closing Price of the Common Stock on the Conversion Date or, if the
Company elects to satisfy all or any portion of its Conversion Obligation in cash, based on the Applicable Share Price. 
  
 Following a Change in Control pursuant to clauses (1), (2) or (3) of the definition of Change in Control in which 10% or more of the fair market value (as
determined by the Board of Directors of the Company, whose determination shall be conclusive evidence of such fair market value) of the consideration for the Common Stock in such Change in Control consists of (i) cash (excluding cash paid for
fractional shares), (ii) other property or (iii) securities that are not traded or scheduled to be traded immediately following such transaction on a United States national securities exchange or the Nasdaq National Market, a Holder who elects to
convert its Security in connection with such Change in Control will be entitled to receive Additional Shares of Common Stock upon conversion in certain circumstances. Under certain circumstances, if the acquiring entity is a public company, the
conversion obligations may be converted into conversion obligations of the acquiring entity to convert Securities into Public Acquirer Common Stock as set forth in the Indenture. 
  
 To convert a Security, a Holder must (a) complete and sign the conversion notice set forth below and deliver such notice to
the Conversion Agent, (b) surrender the Security to the Conversion Agent, (c) furnish appropriate endorsements and transfer documents if required by the Registrar or the Conversion Agent, (d) pay any transfer or similar tax, if required and (e) if
the Security is held in book-entry form, complete and deliver to the Depositary appropriate instructions pursuant to the Depositary’s book-entry conversion programs. If a Holder surrenders a Security for conversion between the record date for
the payment of an installment of interest and the next interest payment date, the Security must be accompanied by payment of an amount equal to the interest and Liquidated Damages, if any, payable on such interest payment date on the principal
amount of the Security or portion thereof then converted; provided, however, that no such payment shall be required if such Security is surrendered for conversion 

  

 A-1-6 

 
on the interest payment date. A Holder may convert a portion of a Security equal to $1,000 or any integral multiple thereof. 
  
 A Security in respect of which a Holder has delivered a Change in Control
Repurchase Notice exercising the option of such Holder to require the Company to repurchase such Security as provided in Section 3.01 of the Indenture may be converted only if such election or notice of exercise is withdrawn as provided above and in
accordance with the terms of the Indenture. 
  

	 	7.	Subordination. 

  
 The indebtedness evidenced by the Securities is, to the extent and in the manner provided in the Indenture, subordinate and junior in right of payment to
the prior payment in full of all Senior Indebtedness of the Company. Any Holder by accepting this Security agrees to and shall be bound by such subordination provisions and authorizes the Trustee to give them effect. In addition to all other rights
of Senior Indebtedness described in the Indenture, the Senior Indebtedness shall continue to be Senior Indebtedness and entitled to the benefits of the subordination provisions irrespective of any amendment, modification or waiver of any terms of
any instrument relating to the Senior Indebtedness or any extension or renewal of the Senior Indebtedness. 
  

	 	8.	Denominations; Transfer; Exchange. 

  
 The Securities are in fully registered form, without coupons, in denominations of $1,000 of Principal Amount and integral multiples of $1,000. A Holder
may transfer or exchange Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. The Registrar need not transfer or exchange any Securities in respect of which a Change in Control Purchase Notice has been given and not withdrawn (except, in the case of a Security to be purchased in part, the portion of the
Security not to be purchased) or any Securities for a period of 15 days before the mailing of a notice of purchase of Securities to be purchased. 
  

	 	9.	Persons Deemed Owners. 

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

	 	10.	Unclaimed Money or Securities. 

  
 The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with
respect to the Securities that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless
an applicable abandoned property law designates another person. 
  

	 	11.	Amendment; Waiver. 

  
 Subject to certain exceptions set forth in the Indenture, (a) the Indenture or the Securities may be amended with the written consent of the Holders of at
least a majority in aggregate Principal Amount of the Securities at the time outstanding and (b) certain Defaults may be waived with the written consent of the Holders of a majority in aggregate Principal Amount of the Securities at the time
outstanding. Subject to certain exceptions set forth in the Indenture, without notice to or the consent of any Securityholder, the Company and the Trustee may amend the Indenture or the Securities: (i) to cure any ambiguity, omission, mistake,
defect or inconsistency, (ii) to comply with Article 5, Section 11.01 or Section 11.13 of the Indenture, (iii) to evidence and provide for the acceptance of appointment under the Indenture by a successor Trustee, (iv) to make any change that does
not adversely affect the rights of any Holder of the Securities, (v) to comply with any requirement of the SEC in connection with the qualification of the Indenture under the TIA, (vi) to conform the Indenture to the “Description of Notes”
set forth in the Offering Memorandum and (vii) to make provisions with respect to the conversion right of the Holders pursuant to the requirements of Section 11.01 or Section 11.13. 
  

 A-1-7 

	 	12.	Defaults and Remedies. 

  
 Under the Indenture, Events of Default include, in summary form, (i) the failure to pay interest upon any of the Securities when due and payable, which
continues for 30 days, whether or not prohibited by the subordination provisions of the Indenture; (ii) the failure to pay principal of the Securities when due, whether or not prohibited by the subordination provisions of the Indenture; (iii) a
default by the Company in the observance and performance, or breach, of any of our other covenants or agreements contained in the Indenture which are not remedied within 30 days after the Company receives written notice specifying the default (and
demanding that such default be remedied) from the Trustee or the Holders of at least 25% in principal amount of the outstanding Securities; (iv) the failure to pay at final Stated Maturity (giving effect to any applicable grace periods and any
extensions thereof) the stated principal amount of any Indebtedness of the Company or any of its subsidiaries, or the acceleration of the final Stated Maturity of any such debt (which acceleration is not rescinded, annulled or otherwise cured within
20 days of receipt by the Company or such subsidiary of notice of any such acceleration), if the aggregate principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in default for failure to pay
principal at final Stated Maturity or which has been accelerated (in each case with respect to which the 20-day period described above has elapsed), aggregates $20.0 million or more at any time; (v) failure to provide notice of the occurrence of a
Change in Control as required by the Indenture, which failure continues for a period of 30 days; (vi) one or more judgments in an aggregate amount in excess of $20.0 million shall have been rendered against the Company or any of its subsidiaries and
such judgments remain undischarged, unpaid or unstayed for a period of 60 days after such judgment or judgments become final and non-appealable and, in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by
any creditor upon such judgment or decree which is not promptly stayed; and (vii) certain events of bankruptcy, insolvency or reorganization involving the Company. 
  
 Securityholders may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may refuse
to enforce the Indenture or the Securities unless it receives reasonable indemnity or security. Subject to certain limitations, Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding may direct the Trustee in
its exercise of any trust or power. The Trustee may withhold from Securityholders notice of any continuing Default (except a Default in payment of amounts specified in clause (i) or (ii) above) if it determines that withholding notice is in their
interests. 
  

	 	13.	Trustee Dealings with the Company. 

  
 Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. 
  

	 	14.	No Recourse Against Others. 

  
 A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities
or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Securityholder waives and releases all such liability. The waiver and release are part of the consideration
for the issue of the Securities. 
  

	 	15.	Authentication. 

  
 This Security shall not be valid until an authorized signatory of the Trustee manually signs the Trustee’s Certificate of Authentication on the other
side of this Security. 
  

	 	16.	Abbreviations. 

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

 A-1-8 

	 	17.	Governing Law. 

  
 THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS SECURITY, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 
  
 The Company will furnish to any Securityholder upon written request and
without charge a copy of the Indenture. Requests may be made to: 
  
 Exide Technologies 
 13000 Deerfield Parkway 
 Building 200 
 Alpharetta, Georgia 30004 
 Attention: Chief Financial Officer 
  

 A-1-9 

 FORM OF 
 ELECTION OF HOLDER TO REQUIRE REPURCHASE 
  
 (1) The undersigned hereby elects to have this Security repurchased by the Company pursuant to Section 3.01 of the Indenture. 
  

	 	•	 	Section 3.01                      

  
 (2) The undersigned hereby directs the Trustee or the Company to pay it or
             an amount in cash equal to 100% of the principal amount to be repurchased (as set forth below), plus interest accrued to, but excluding, the Change in Control Repurchase
Date, as provided in the Indenture. 
  

	
	 Dated:

	
	  
	
	  
	 Signature(s)

	
	Signature(s) must be guaranteed by an Eligible Guarantor Institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under the Securities Exchange Act of
1934.
	
	  
	 Signature Guaranteed

	
	Principal amount to be repurchased (at least U.S. $1,000 or an integral multiple of $1,000 in excess thereof):
                    
	
	Remaining principal amount following such repurchase (not less than U.S. $1,000):
                    

  
 NOTICE: The signature to the foregoing
Election must correspond to the Name as written upon the face of this Security in every particular, without alteration or any change whatsoever. 
  

 A-1-10 

 FORM OF 
 CONVERSION NOTICE 
  
 The
undersigned Holder of this Security hereby irrevocably exercises the option to convert this Security, or any portion of the principal amount hereof (which is U.S. $1,000 or an integral multiple of U.S. $1,000 in excess thereof, provided that the
unconverted portion of such principal amount is U.S. $1,000 or any integral multiple of U.S. $1,000 in excess thereof) below designated, into shares of Common Stock in accordance with the terms of the Indenture referred to in this Security, and
directs that such shares, together with a check in payment for any fractional share and any Securities representing any unconverted principal amount hereof, be delivered to and be registered in the name of the undersigned unless a different name has
been indicated below. If shares of Common Stock or Securities are to be registered in the name of a Person other than the undersigned, (a) the undersigned will pay all transfer taxes payable with respect thereto and (b) signature(s) must be
guaranteed by an Eligible Guarantor Institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934. Any amount required to be paid by the undersigned on account of interest
accompanies this Security. 
  

					
			
	 Dated:
                            
	 	 	 	  
	 	 	 	 	Signature(s)

  

	
	If shares or Securities are to be registered in the name of a Person other than the Holder, please print such Person’s name and address:
	
	  
	 (Name)

	
	  
	
	  
	 (Address)

	
	  
	Social Security or other Identification Number, if any.
	
	  
	 Signature Guaranteed

  

 A-1-11 

 If only a portion of the Securities is to be converted, please indicate: 
  

	1.	Principal amount to be converted: U.S. $                    

  

	2.	Principal amount and denomination of Securities representing principal amount to be issued: 

  
 Amount: U.S.
$                                         
Denominations: U.S. $                      
  
 (U.S. $1,000 or any integral multiple of U.S. $1,000 in excess thereof, provided that the unconverted portion of such principal amount is U.S. $1,000 or any integral
multiple of U.S. $1,000 in excess thereof.) 
  

 A-1-12 

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

	
	
	 
	 Signature(s)

	
	Signature(s) must be guaranteed by an Eligible Guarantor Institution with membership in an approved signature guarantee program pursuant to Rule I7Ad-15 under the Securities Exchange Act of
1934.
	
	 
	 Signature Guaranteed

  

 A-1-13 

 SCHEDULE I 
  

EXIDE TECHNOLOGIES 
  
 Floating Rate Convertible Senior Subordinated Note due 2013 
  

					
	 Date

	 	 Principal Amount

	 	 Notation

  

 A-1-14 

 EXHIBIT A-2 
  
 [FORM OF FACE OF CERTIFICATED SECURITY] 
  
 [THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND THIS SECURITY AND THE COMMON STOCK ISSUABLE UPON CONVERSION HEREOF MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 
  
 THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A)
THIS SECURITY AND THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION HEREOF MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE
144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (III) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (III) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
  
 THE FOREGOING LEGEND MAY BE REMOVED FROM THIS SECURITY ON SATISFACTION OF THE CONDITIONS SPECIFIED IN THE INDENTURE.]1 

	1	These paragraphs to be included only if the Security is a Restricted Security. 

  

 A-2-1 

 EXIDE TECHNOLOGIES 
 Floating Rate Convertible Senior Subordinated Note due 2013 
  

			
	 No.:
	  	 CUSIP:

		
	 Issue Date:
	  	 Principal Amount:

  
 EXIDE TECHNOLOGIES, a
Delaware corporation, promises to pay to                      or registered assigns, the Principal Amount
                     of on September 18, 2013, subject to the further provisions of this Security set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. This Security is convertible as specified on the other side of this Security. 
  
 Interest Payment Dates: March 15, June 15, September 15 and December 15, commencing June 15, 2005. 
  
 Record Dates: March 1, June 1, September 1 and December 1 
  
 Dated: 
  

			
	 EXIDE TECHNOLOGIES

		
	 By:
	 	 
	 	 	 Name:
 Title:

  

 A-2-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
  
 SUNTRUST BANK, as Trustee, certifies that this is one of the Securities refereed to in the within-mentioned Indenture.

  

			
		
	 By:
	 	 
	 	 	Authorized Signatory

  
 Dated: 
  
 [FORM OF REVERSE SIDE IS IDENTICAL TO EXHIBIT A-1] 
  

 A-2-3 

 EXHIBIT B 
  
 EXIDE TECHNOLOGIES 
  
 Floating Rate Convertible Senior Subordinated Note due 2013 
  
 Transfer Certificate 
  
 In connection with any transfer of any of the Securities within the period prior to the expiration of the holding period applicable to the sales thereof under Rule 144(k) under the Securities Act of 1933, as amended
(the “Securities Act”) (or any successor provision), the undersigned registered owner of this Security hereby certifies with respect to $              Principal Amount of
the above-captioned Securities presented or surrendered on the date hereof (the “Surrendered Securities”) for registration of transfer, or for exchange or conversion where the securities deliverable upon such exchange or
conversion are to be registered in a name other than that of the undersigned registered owner (each such transaction being a “transfer”), that such transfer complies with the restrictive legend set forth on the face of the
Surrendered Securities for the reason checked below: 
  

	 ̈	A transfer of the Surrendered Securities is made to the Company or any Subsidiary; or 

  

	 ̈	The transfer of the Surrendered Securities complies with Rule 144A under the Securities Act; or 

  

	 ̈	The transfer of the Surrendered Securities is pursuant to an effective registration statement under the Securities Act; or 

  

	 ̈	The transfer of the Surrendered Securities is pursuant to another available exemption from the registration requirement of the Securities Act; 

  
 and unless the box below is checked, the undersigned confirms that, to the undersigned’s
knowledge, such Securities are not being transferred to an “affiliate” of the Company as defined in Rule 144 under the Securities Act (an “Affiliate”). 
  

	 ̈	The transferee is an Affiliate of the Company. 

  

					
			
	 DATE:
	 	 	 	  
	 	 	 	 	Signature(s)

  
 (If the registered owner is a
corporation, partnership or fiduciary, the title of the Person signing on behalf of such registered owner must be stated.) 
  

			
	 Signature Guaranteed

	
	 
	 Participant in a Recognized Signature
 Guarantee Medallion Program

  

			
		
	 By:
	 	 
	 	 	Authorized Signatory

  

 B-1 

 SCHEDULE I 
  

The following table sets forth the share prices and the number of Additional Shares to be received per $1,000 principal amount of Securities:

  
 Make Whole Premium on Change in Control 
  

																															
	 	  	Shares Price on Date of Change in Control

	 Date

	  	$14.24

	  	$15.00

	  	$16.00

	  	$18.00

	  	$20.00

	  	$25.00

	  	$30.00

	  	$35.00

	  	$40.00

	  	$50.00

	  	$60.00

	  	$70.00

	  	$80.00

	  	$100.00

	  	$150.00

	 3/15/05
	  	12.7	  	11.8	  	10.9	  	9.4	  	8.2	  	6.3	  	5.0	  	4.1	  	3.4	  	2.5	  	1.9	  	1.4	  	1.1	  	0.7	  	0.0
	 3/15/06
	  	12.7	  	12.1	  	11.1	  	9.6	  	8.4	  	6.4	  	5.1	  	4.2	  	3.6	  	2.6	  	2.0	  	1.6	  	1.2	  	0.8	  	0.0
	 3/15/07
	  	12.7	  	11.8	  	10.8	  	9.2	  	8.0	  	6.1	  	4.9	  	4.0	  	3.4	  	2.5	  	2.0	  	1.5	  	1.2	  	0.8	  	0.0
	 3/15/08
	  	12.3	  	11.3	  	10.2	  	8.6	  	7.5	  	5.6	  	4.5	  	3.7	  	3.2	  	2.4	  	1.8	  	1.5	  	1.2	  	0.8	  	0.0
	 3/15/09
	  	11.7	  	10.7	  	9.5	  	7.9	  	6.8	  	5.0	  	4.0	  	3.3	  	2.8	  	2.1	  	1.7	  	1.3	  	1.1	  	0.7	  	0.0
	 3/15/10
	  	11.1	  	9.9	  	8.7	  	7.0	  	5.9	  	4.3	  	3.4	  	2.9	  	2.4	  	1.8	  	1.4	  	1.2	  	0.9	  	0.6	  	0.0
	 3/15/11
	  	10.7	  	9.3	  	7.9	  	6.0	  	4.8	  	3.4	  	2.7	  	2.3	  	1.9	  	1.5	  	1.2	  	0.9	  	0.8	  	0.5	  	0.0
	 3/15/12
	  	10.4	  	8.7	  	6.9	  	4.7	  	3.5	  	2.4	  	1.9	  	1.6	  	1.3	  	1.0	  	0.8	  	0.7	  	0.5	  	0.4	  	0.0
	 3/15/13
	  	10.7	  	8.2	  	5.8	  	3.0	  	1.8	  	1.1	  	0.9	  	0.7	  	0.6	  	0.5	  	0.4	  	0.3	  	0.3	  	0.2	  	0.0
	 9/15/13
	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0	  	0.0

  
 The share prices and
additional share amounts set forth above are based upon a Common Stock closing bid price of $14.24 per share at March 14, 2005 and an initial Conversion Price of $17.37.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]