Document:

EX-10.8

 Exhibit 10.8 

Battery Future Acquisition Corp. 

51 NW 26th Street, Suite 533 

Miami, Florida 33127 

December 14, 2021 
 Roth Capital Partners,
LLC 
 888 San Clemente Drive 
 Newport Beach, CA 92660 

RE: Securities Purchase Agreement 

Ladies and Gentlemen: 
 Battery Future
Acquisition Corp., a Cayman Islands exempted company (the “Company”), is pleased to accept the offer made by Roth Capital Partners, LLC (“Purchaser”), to purchase (i) 1,000,000 warrants (the “Private
Placement Warrants”), with each Private Placement Warrant entitling the holder thereof to purchase one Class A Ordinary Share (as defined below) at an exercise price of $11.50 per share and (ii) an amount of Class B ordinary
shares, par value $0.0001 per share of the Company (the “Founder Shares”) equal to 300,000 Founder Shares (the “Shares”) in connection with the initial public offering (“IPO”) of the
Company’s units, each comprised of one Class A ordinary share, par value $0.0001 per share, of the Company (“Class A Ordinary Shares”) and one half of one redeemable warrant to purchase one Class A
Ordinary Share of the Company (“Units”). The terms of the sale by the Company of the Shares and the Private Placement Warrants (together, the “Securities”) to Purchaser are as follows: 

1. Purchase of Securities. 
 1.1.
Purchase of Securities. For the sum of $1,500,000 (the “Purchase Price”), which Purchaser shall pay to the Company in cash, the Company shall issue the Securities to Purchaser, and Purchaser shall purchase the Securities from
the Company, on the terms and subject to the conditions, including regarding forfeiture, set forth in this letter agreement (this “Agreement”). 

1.2. Effective Time of Purchase. The Company and Purchaser hereby agree that immediately prior to the pricing of the IPO or on such
earlier time and date as may be mutually agreed by Purchaser and the Company, Purchaser shall pay the Purchase Price to the Company, by wire transfer in immediately available funds to the account or accounts previously designated in writing (which
may include e-mail) by the Company, and the Company shall issue the Securities to Purchaser upon the consummation of the Company’s IPO. The Company shall effect the delivery of the Securities in
book-entry form. 
 2. Representations, Warranties and Agreements. 

2.1. Purchaser’s Representations, Warranties and Agreements. To induce the Company to issue the Securities to Purchaser, Purchaser
hereby represents and warrants to the Company and agrees with the Company as follows: 

 2.1.1. Organization and Authority. Purchaser is a limited liability company, duly
organized, validly existing and in good standing under the laws of its organization and possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement. This Agreement is a legal, valid and binding
agreement of Purchaser, enforceable against Purchaser in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’
rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 

2.1.2. No Conflicts. The execution, delivery and performance of this Agreement and the consummation by Purchaser of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of Purchaser, (ii) any agreement, indenture or instrument to which Purchaser is a party or (iii) any law,
statute, rule, regulation, order, judgment or decree to which Purchaser is subject. 
 2.1.3. No Governmental Consents. No
governmental, administrative or other third-party consents or approvals are required, necessary or appropriate on the part of Purchaser in connection with the transactions contemplated by this Agreement. 

2.1.4. Experience, Financial Capability and Suitability. Purchaser is sophisticated in financial matters and is able to evaluate the
risks and benefits of the investment in the Securities. Purchaser acknowledges that the Securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and therefore cannot be sold unless
subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser understands that it must bear the economic risk of this investment until the Securities are sold pursuant to: (i) an effective
registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser is able to bear the economic risk of an investment in the Securities for an indefinite period of time and to
afford a complete loss of Purchaser’s investment in the Securities. 
 2.1.5. No Government Recommendation or Approval. Purchaser
understands that no federal or state agency or any other government or governmental agency has passed upon or made any recommendation or endorsement of the offering of the Securities of the fairness or suitability of the investment in the Securities
by Purchaser nor have such authorities passed upon or endorsed the merits of the Securities. 
 2.1.6. Access to Information; Independent
Investigation. Prior to the execution of this Agreement, Purchaser has had the opportunity to ask questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the financial condition,
business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all information so obtained. In determining whether to make this investment, Purchaser has relied solely on Purchaser’s own
knowledge and understanding of the Company and its business based upon Purchaser’s own due diligence investigation. Purchaser understands that no person has been authorized to make any representations other than as set forth in this Agreement
and Purchaser has not relied on any other written or oral representations relating to the financial condition, business and prospects of the Company in making its investment decision. 

 2.1.7. Investment Representations. Purchaser represents that it is an
“accredited investor” as such term is defined in Rule 501(a) of Regulation D under the Securities Act and acknowledges the sale contemplated hereby is being made in reliance on the private placement exemption in Section 4(a)(2) of the
Securities Act and/or said Regulation D and similar exemptions under state law and that the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance with, the representations and warranties of Purchaser set forth herein
in order to determine the availability of such exemptions and the eligibility of Purchaser to acquire such Securities. Purchaser is purchasing the Securities solely for investment purposes, for Purchaser’s own account and not for the account or
benefit of any other person, and not with a view towards the distribution or dissemination thereof. Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act. Purchaser did not
decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502 under the Securities Act. 

2.1.8. Restrictions on Transfer; Shell Company. Purchaser understands the Securities are being offered in a transaction not involving a
public offering within the meaning of the Securities Act. Purchaser understands the Securities will be “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, and Purchaser understands that the certificates
or book-entries representing the Securities will contain a legend or notation in respect of such restrictions. If, in the future, Purchaser decides to offer, resell, pledge or otherwise transfer the Securities, such Securities may be offered,
resold, pledged or otherwise transferred only pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser agrees that if any transfer
of its Securities or any interest therein is proposed to be made, as a condition precedent to any such transfer, Purchaser may be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent registration or available
exemption, Purchaser agrees not to resell the Securities. Purchaser further acknowledges that because the Company is a shell company, Rule 144 may not be available to Purchaser for the resale of the Securities until one year following consummation
of the initial business combination of the Company, despite the release or waiver of any contractual transfer restrictions. 
 2.2. The
Company’s Representations, Warranties and Agreements. To induce Purchaser to purchase the Securities, the Company hereby represents and warrants to Purchaser and agrees with Purchaser as follows: 

2.2.1. Organization and Authority. the Company is an exempted corporation, duly organized, validly existing and in good standing under
the laws of the Cayman Islands, and possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement. This Agreement is a legal, valid and binding agreement of the Company, enforceable against the
Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general
principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 

 2.2.2. No Conflicts. The execution, delivery and performance of this Agreement and
the consummation by the Company of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of the Company, (ii) any agreement, indenture or instrument to
which the Company is a party or (iii) any law, statute, rule, regulation, order, judgment or decree to which the Company is subject. 

2.2.3. No Governmental Consents. No governmental, administrative or other third-party consents or approvals are required, necessary or
appropriate on the part of the Company in connection with the transactions contemplated by this Agreement. 
 2.2.4. Title to
Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Securities will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof,
Purchaser will have or receive good title to the Securities, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions hereunder and other agreements to which the Securities may become subject,
(b) transfer restrictions under federal and state securities laws, and (c) liens, claims or encumbrances imposed due to the actions of Purchaser. 

2.2.5. No Adverse Actions. There are no actions, suits, investigations or proceedings pending, threatened against or affecting the
Company which: (i) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement or (ii) question the validity or legality of any such transactions or seeks to recover damages or
to obtain other relief in connection with any such transactions. 
 3. Terms of the Private Placement Warrants 

 

	 	3.1.	 The Private Placement Warrants are substantially identical to the warrants included in the units to be offered
in the IPO except that (a) the Private Placement Warrants (including the Class A Ordinary Shares issuable upon exercise of the Private Placement Warrants) will not, except in limited circumstances, be transferable or salable until 30 days
after the completion of the Company’s initial business combination so long as they are held by Purchaser or its permitted transferees, (b) the Private Placement Warrants will expire on the fifth anniversary of the commencement of sales in
the Public Offering, (c) the Private Placement Warrants are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after the expiration of the lockup described
above in clause (a) and they are registered pursuant to the Registration Rights Agreement (as defined below) or an exemption from registration is available, and the restrictions described above in clause (a) have expired and (d) each
Private Placement Warrant shall have the terms set forth for private placement warrants in a Warrant Agreement to be entered into by the Company and a warrant agent in connection with the Public Offering. 

 4. Adjustment to Shares. 

4.1. Forfeiture; Adjustments. Purchaser hereby agrees that prior to, or at the time of, the initial business combination, in order to
facilitate such initial business combination, Battery Future Sponsor, LLC (the “Sponsor”) may (i) surrender, forfeit or transfer some or all of its Founder Shares and/or any other securities of, or instruments issued by, the
Company, including for no consideration, (ii) subject its Founder Shares to earn-outs, vesting, revesting, lock-up, registration rights or other restrictions, (iii) amend the terms under which its
Founder Shares and/or any other securities of, or instruments issued by, the Company were issued, or any restrictions or encumbrances or other provisions relating to its Founder Shares and/or any other securities of, or instruments issued by, the
Company set forth in the documents establishing the same (including voting in favor of any such amendment) or enter into any other arrangements with respect to the Founder Shares and/or any other securities of, or instruments issued by, the Company,
or (iv) waive or amend any agreement or provision of any organizational document of the Company or agreement entered into with the Company (the “Adjustments”). Purchaser hereby agrees to be bound by any such Adjustments, which
shall apply pro rata to all holders of Founder Shares, except with respect to (x) up to an aggregate total of 625,000 Founder Shares held, directly or indirectly (including through the Sponsor), by independent directors of the Company and
(y) up to an aggregate total of 550,000 Founder Shares held, directly or indirectly (including through the Sponsor), by directors or board advisors of the Company designated by Pala Investments Limited, a Jersey limited liability company
(“Pala”), or by Pala or otherwise designated by Pala. Furthermore, any amount that is required by the Company’s governing documents to be added to the Company’s trust account in connection with the exercise of an extension
of the term of the Company, as approved by the Company’s board in accordance with its governing documents, shall be funded by the Sponsor, Pala, Purchaser and other holders of Founder Shares in proportion to the amount of capital funded by such
holder (or the original transferor of Founder Shares held by such holder). 
 4.2. Termination of Rights as Shareholder. If any of the
Shares are forfeited in accordance with this Section 3, then after such time Purchaser (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and Purchaser and the Company shall take such
action as is appropriate to cancel such forfeited Shares. 
 5. Additional Agreements. 

5.1. Trust Account Waiver. Purchaser hereby acknowledges that it is aware that the Company will establish a trust account (the
“Trust Account”) for the benefit of its public shareholders upon the closing of the IPO. Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in
the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, Purchaser may have in respect of any Class A Ordinary Shares held by it. Purchaser further
agrees that it shall have no right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim
to, or to any monies in, the Trust Account that it may have now or in the future, except for redemption and liquidation rights, if any, Purchaser may have in respect of any Class A Ordinary Shares held by it. In the event Purchaser has any
Claim against the Company under this letter agreement, Purchaser shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against the property or any monies in the Trust Account, except for redemption and
liquidation rights, if any, Purchaser may have in respect of any Class A Ordinary Shares held by it. 

 5.2. Waiver of Redemption Rights. Purchaser hereby waives any and all rights to
redeem the Shares for a portion of the amounts held in the trust account into which substantially all of the proceeds of the Company’s IPO will be deposited (the “Trust Account”) in the event of (i) the Company’s
failure to timely complete an initial business combination, (ii) an extension of the time period to complete an initial business combination or (iii) upon the consummation of an initial business combination. For purposes of clarity, in the
event Purchaser purchases Class A Ordinary Shares included in the Units issued in the IPO (“Public Shares”), either in the IPO or in the aftermarket, any Public Shares so purchased shall be eligible to be redeemed for a portion
of the amounts held in the Trust Account in the event of the Company’s failure to timely complete an initial business combination (but, for the avoidance of doubt, not in connection with an extension of the time period to complete an initial
business combination or upon the consummation of an initial business combination). 
 5.3. Voting Agreement. Purchaser acknowledges
that the Company was formed for the purpose of effecting a business combination. Purchaser agrees that Purchaser shall vote all of its Shares in the same way that the Sponsor votes its Founder Shares on any proposal submitted by the Company for the
vote or consent of its shareholders (up and through the closing of the initial business combination). For the avoidance of doubt, the foregoing agreement that Purchaser vote all of its Shares in favor of such proposed business combination shall only
be between Purchaser and the Company. 
 6. Restrictions on Transfer. 

6.1. Securities Law Restrictions. In addition to any restrictions to be contained in that certain letter agreement (commonly known as an
“Insider Letter”) to be dated as of the closing of the IPO by and among Purchaser, the Company, the Sponsor, Pala Investments Limited and the Company’s director and officers (which will also contain other agreements with
respect to the Securities), Purchaser agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Securities unless, prior thereto, (a) a registration statement on the appropriate form under the Securities
Act and applicable state securities laws with respect to the Securities proposed to be transferred shall then be effective or (b) the Company has received an opinion from counsel, reasonably satisfactory to the Company, that registration is not
required because such transaction is exempt from registration under the Securities Act and the rules promulgated by the Securities and Exchange Commission thereunder and all applicable state securities laws. 

6.2. Lock-up. Subject to Section 3.1, Purchaser acknowledges that the Securities
will not be transferable, assignable or salable until one year after the completion of the initial business combination, except to permitted transferees as described in the Registration Statement. Purchaser further acknowledges that the securities
acquired or to be acquired hereby by Purchaser as the underwriter of the Company’s IPO, including Purchaser’s related persons, associated persons and affiliates (as those terms are defined in FINRA Rules 5110 and 5121), in connection with
the IPO and as described in the Registration Statement for the IPO and the related prospectus, are subject to lock-up in compliance with FINRA Rule 5110(e)(1) for a period of 180 days from the commencement of
sales of the initial public offering and can only be transferred or sold pursuant to the exceptions in FINRA Rule 5110(e)(2)(B). In addition, notwithstanding the other terms of this Agreement or any other agreement between the Company and Purchaser,
Purchaser agrees 

 
with respect to the Private Placement Warrants and the Class A Ordinary Shares issuable upon exercise of the Private Placement Warrants that, as required by FINRA Rule 5110(g)(8): (i) the
Private Placement Warrants may not be exercised more than five years from the date that the Company’s Registration Statement on Form S-1 (File No.: 333-261373) is
declared effective by the Securities and Exchange Commission (the “Effective Date”); (ii) Purchaser shall not have more than one demand registration right at the Company’s expense; (iii) Purchaser shall not have the right
to demand registration of the Private Placement Warrants or Class A Ordinary Shares issuable upon exercise of the Private Placement Warrants more than five years from the Effective Date; (iv) Purchaser shall not have the right to piggyback
registration with respect to the Private Placement Warrants or Class A Ordinary Shares issuable upon exercise of the Private Placement Warrants more than seven years from the Effective Date; (v) the Private Placement Warrants may not have
anti-dilution terms that allow Purchaser and related persons to receive more shares or to exercise at a lower price than originally agreed upon at the time of the public offering, when the public shareholders have not been proportionally affected by
a share split, share dividend, or other similar event; and (vi) Private Placement Warrants may not have anti-dilution terms that allow Purchaser and related persons to receive or accrue cash dividends prior to the exercise or conversion of the
Private Placement Warrants. 
 6.3. Restrictive Legends. Any certificates representing the Shares and Class A Ordinary Shares
issuable upon exercise of the Private Placement Warrants shall have endorsed thereon legends substantially as follows (and any book-entries representing such shares shall have similar notations): 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION
FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.” 
 “THE SECURITIES REPRESENTED BY
THIS CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER SET FORTH IN A LETTER AGREEMENT WITH BATTERY FUTURE ACQUISITION CORP. (THE “COMPANY”) (A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT THE COMPANY’S PRINCIPAL
PLACE OF BUSINESS WITHOUT CHARGE) AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN VIOLATION OF SUCH RESTRICTIONS.” 

6.4. Additional Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an
extraordinary dividend payable in a form other than Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding
Shares without receipt of consideration, any new, substituted 

 
or additional securities or other property which are by reason of such transaction distributed with respect to any Shares subject to this Section 5 or into which such Shares thereby
become convertible shall immediately be subject to Section 3 and this Section 5. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Shares subject to
Section 3 and this Section 5. 
 7. Other Agreements. 

7.1. Further Assurances. Purchaser agrees to execute such further instruments and to take such further action as may reasonably be
necessary to carry out the intent of this Agreement. 
 7.2. Notices. All notices, statements or other documents which are required or
contemplated by this Agreement shall be in writing and delivered (i) personally or by certified mail (return receipt requested) or overnight courier service or (ii) by electronic mail, if to the Company, at the address of its principal
offices and any electronic mail address as may be designated in writing by the Company and, if to Purchaser, at its address in the books and records of the Company and any electronic mail address as may be designated in writing by Purchaser, or to
such other addresses as may be designated in writing by the Company or Purchaser. All such notices, statements or other documents shall be deemed received on the date of receipt by the recipient thereof if received prior to 8:00 p.m. on a business
day in the place of receipt. Otherwise, any such notices, statements or other documents shall be deemed to have been received on the next succeeding business day in the place of receipt. 

7.3. Entire Agreement. This Agreement, together with the Insider Letter and the registration rights agreement to be entered into with
respect to the Securities (the “Registration Rights Agreement”), each substantially in the form to be filed as an exhibit to the Registration Statement on Form S-1 associated with the
Company’s IPO, embodies the entire agreement and understanding between Purchaser and the Company with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter
hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement. 

7.4. Modifications and Amendments. The terms and provisions of this Agreement may be modified or amended only by written agreement
executed by all parties hereto. 
 7.5. Waivers and Consents. The terms and provisions of this Agreement may be waived, or consent for
the departure therefrom granted, only by a written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other
terms or provisions of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent. 

7.6. Assignment. The rights and obligations under this Agreement may not be assigned by either party hereto without the prior written
consent of the other party. 

 7.7. Benefit. All statements, representations, warranties, covenants and agreements
in this Agreement shall be binding on the parties hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to create any rights or obligations except
among the parties hereto, and no person or entity shall be regarded as a third-party beneficiary of this Agreement; provided, however, that Pala shall be a third-party beneficiary of this Agreement to the extent necessary to enforce the provisions
of Section 4.1 hereof. 
 7.8. Governing Law. This Agreement and the rights and obligations of the parties hereunder shall
be construed in accordance with and governed by the laws of the State of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof. 

7.9. Severability. In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof,
contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems it reasonable and enforceable, and, as so limited, shall remain in full force and
effect. In the event that such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full force and effect. 

7.10. No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under
this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor
any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by
a party hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving such notice or demand to any
other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand. 

7.11. Survival of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement or in
any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations made by or on behalf of the parties. 

7.12. No Broker or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other financial
consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to create any liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless from any
claim or demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any
such claim. 

 7.13. Headings and Captions. The headings and captions of the various subdivisions of
this Agreement are for convenience of reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof. 

7.14. Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one
and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is
delivered in pdf format via electronic mail, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original
thereof. 
 7.15. Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an
ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the
authorship of any provision of this Agreement. The words “include,” “includes,” and “including” will be deemed to be followed by “without limitation.” Pronouns in masculine,
feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The
parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that
there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party
hereto is in breach of the first representation, warranty, or covenant. 
 7.16. Mutual Drafting. This Agreement is the joint product
of Purchaser and the Company and each provision hereof has been subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto. 

7.17. Indemnification. Each party shall indemnify the other against any loss, cost or damages (including reasonable attorney’s
fees and expenses) incurred as a result of such party’s breach of any representation, warranty, covenant or agreement in this Agreement. 

[Signature Page Follows] 

 If the foregoing accurately sets forth our understanding and agreement, please sign the
enclosed copy of this Agreement and return it to us. 
  
  

			
	Very truly yours,
	BATTERY FUTURE ACQUISITION CORP.
		
	By:	 	 /s/ Kristopher Salinger

		 	Name: Kristopher Salinger
		 	Title: Chief Financial Officer

  

			
	Accepted and agreed as of the date first written above.
	ROTH CAPITAL PARTNERS, LLC
		
	By:	 	 /s/ Gordon Roth

		 	Name: Gordon Roth
		 	Title: Chief Financial Officer

 [Signature page to BFAC Securities Purchase Agreement]Exhibit 4.1

 

Execution Version

 

 

 

THE DUN & BRADSTREET CORPORATION,

 

as Issuer,

 

THE GUARANTORS LISTED ON THE SIGNATURE PAGES HERETO

 

AND

 

WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Trustee

 

5.00% Senior Notes due 2029

 

 

 

INDENTURE

 

Dated as of December 20, 2021

 

 

 

     

     

    

 

Table of Contents

 

Page

	Article I
	 
	DEFINITIONS AND INCORPORATION BY REFERENCE
	 
	Section 1.1.	Definitions	1
	Section 1.2.	Other
    Definitions	41
	Section 1.3.	[Reserved]	44
	Section 1.4.	Rules of
    Construction	44
	 	 	 
	Article II
	 
	THE NOTES
	 
	Section 2.1.	Form,
    Dating and Terms	46
	Section 2.2.	Execution
    and Authentication	52
	Section 2.3.	Registrar
    and Paying Agent	52
	Section 2.4.	Paying
    Agent to Hold Money in Trust	53
	Section 2.5.	Holder
    Lists	53
	Section 2.6.	Transfer
    and Exchange	53
	Section 2.7.	[Reserved]	56
	Section 2.8.	Form of
    Certificate to be Delivered in Connection with Transfers to IAIs	56
	Section 2.9.	Form of
    Certificate to be Delivered in Connection with Transfers Pursuant to Regulation S	58
	Section 2.10.	Form of
    Certificate to be Delivered in Connection with Transfers to AIs	59
	Section 2.11.	Mutilated,
    Destroyed, Lost or Stolen Notes	60
	Section 2.12.	Outstanding
    Notes	61
	Section 2.13.	Temporary
    Notes	61
	Section 2.14.	Cancellation	61
	Section 2.15.	Payment
    of Interest; Defaulted Interest	62
	Section 2.16.	CUSIP
    and ISIN Numbers	62
	 	 	 
	Article III
	 
	COVENANTS
	 
	Section 3.1.	Payment
    of Notes	63
	Section 3.2.	Limitation
    on Indebtedness	63
	Section 3.3.	Limitation
    on Restricted Payments	68
	Section 3.4.	Limitation
    on Restrictions on Distributions from Restricted Subsidiaries	76
	Section 3.5.	Limitation
    on Sales of Assets and Subsidiary Stock	78
	Section 3.6.	Limitation
    on Liens	81
	Section 3.7.	Limitation
    on Guarantees	82
	Section 3.8.	Limitation
    on Affiliate Transactions	82
	Section 3.9.	Change
    of Control	86
	Section 3.10.	Reports	88
	Section 3.11.	[Reserved]	90
	Section 3.12.	Maintenance
    of Office or Agency	90
	Section 3.13.	[Reserved]	91
	Section 3.14.	[Reserved]	91
	Section 3.15.	[Reserved]	91
	Section 3.16.	Compliance
    Certificate	91
	Section 3.17.	Further
    Instruments and Acts	91
	Section 3.18.	[Reserved]	91

 

     

     

    

 

	Section 3.19.	Statement
    by Officers as to Default	91
	Section 3.20.	Designation
    of Restricted and Unrestricted Subsidiaries	91
	Section 3.21.	Suspension
    of Certain Covenants on Achievement of Investment Grade Status	92
	 	 	 
	Article IV
	 
	SUCCESSOR COMPANY; Successor Person
	 
	Section 4.1.	Merger
    and Consolidation	93
	 	 	 
	Article V
	 
	REDEMPTION OF SECURITIES
	 
	Section 5.1.	Notices
    to Trustee	94
	Section 5.2.	Selection
    of Notes to Be Redeemed or Purchased	95
	Section 5.3.	Notice
    of Redemption	95
	Section 5.4.	[Reserved].	96
	Section 5.5.	Deposit
    of Redemption or Purchase Price	96
	Section 5.6.	Notes
    Redeemed or Purchased in Part	96
	Section 5.7.	Optional
    Redemption	97
	Section 5.8.	Mandatory
    Redemption	98
	Section 5.9.	[Reserved]	98
	 	 	 
	Article VI
	 
	DEFAULTS AND REMEDIES
	 
	Section 6.1.	Events
    of Default	98
	Section 6.2.	Acceleration	101
	Section 6.3.	Other
    Remedies	101
	Section 6.4.	Waiver
    of Past Defaults	102
	Section 6.5.	Control
    by Majority	102
	Section 6.6.	Limitation
    on Suits	102
	Section 6.7.	Rights
    of Holders to Receive Payment	103
	Section 6.8.	Collection
    Suit by Trustee	103
	Section 6.9.	Trustee
    May File Proofs of Claim	103
	Section 6.10.	Priorities	103
	Section 6.11.	Undertaking
    for Costs	104
	 	 	 
	Article VII
	 
	TRUSTEE
	 
	Section 7.1.	Duties
    of Trustee	104
	Section 7.2.	Rights
    of Trustee	105
	Section 7.3.	Individual
    Rights of Trustee	106
	Section 7.4.	Trustee’s
    Disclaimer	106
	Section 7.5.	Notice
    of Defaults	106
	Section 7.6.	[Reserved]	107
	Section 7.7.	Compensation
    and Indemnity	107
	Section 7.8.	Replacement
    of Trustee	107
	Section 7.9.	Successor
    Trustee by Merger	108
	Section 7.10.	Eligibility;
    Disqualification	108

 

    ii

     

    

 

	Section 7.11.	[Reserved]	108
	Section 7.12.	Trustee’s
    Application for Instruction from the Issuer	108
	 	 	 
	Article VIII
	 
	LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	 
	Section 8.1.	Option
    to Effect Legal Defeasance or Covenant Defeasance; Defeasance	109
	Section 8.2.	Legal
    Defeasance and Discharge	109
	Section 8.3.	Covenant
    Defeasance	109
	Section 8.4.	Conditions
    to Legal or Covenant Defeasance	110
	Section 8.5.	Deposited
    Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions	111
	Section 8.6.	Repayment
    to the Issuer	111
	Section 8.7.	Reinstatement	111
	 	 	 
	Article IX
	 
	AMENDMENTS
	 
	Section 9.1.	Without
    Consent of Holders	112
	Section 9.2.	With
    Consent of Holders	113
	Section 9.3.	[Reserved]	114
	Section 9.4.	Revocation
    and Effect of Consents and Waivers	114
	Section 9.5.	Notation
    on or Exchange of Notes	114
	Section 9.6.	Trustee
    to Sign Amendments	114
	 	 	 
	Article X
	 
	GUARANTEE
	 
	Section 10.1.	Guarantee	114
	Section 10.2.	Limitation
    on Liability; Termination, Release and Discharge	116
	Section 10.3.	Right
    of Contribution	117
	Section 10.4.	No
    Subrogation	117
	 	 	 
	Article XI
	 
	SATISFACTION AND DISCHARGE
	 
	Section 11.1.	Satisfaction
    and Discharge	117
	Section 11.2.	Application
    of Trust Money	118
	 	 	 
	Article XII
	 
	[Reserved.]
	 
	Article XIII
	 
	MISCELLANEOUS
	 
	Section 13.1.	Notices	118
	Section 13.2.	Certificate
    and Opinion as to Conditions Precedent	119
	Section 13.3.	Statements
    Required in Certificate or Opinion	120
	Section 13.4.	When
    Notes Disregarded	120

 

    iii

     

    

 

	Section 13.5.	Rules by
    Trustee, Paying Agent and Registrar	120
	Section 13.6.	Legal
    Holidays	120
	Section 13.7.	Governing
    Law	120
	Section 13.8.	Jurisdiction	120
	Section 13.9.	Waivers
    of Jury Trial	121
	Section 13.10.	USA
    PATRIOT Act	121
	Section 13.11.	No
    Recourse Against Others	121
	Section 13.12.	Successors	121
	Section 13.13.	Multiple
    Originals	121
	Section 13.14.	Table
    of Contents; Headings	121
	Section 13.15.	Force
    Majeure	121
	Section 13.16.	Severability	121
	Section 13.17.	[Reserved]	121
	Section 13.18.	Waiver
    of Immunities	122
	Section 13.19.	Judgment
    Currency	122

 

	EXHIBIT A	Form of Global Restricted Note	A-1
	EXHIBIT B	Form of Supplemental Indenture to Add Guarantors	B-1

 

    iv

     

    

 

 

INDENTURE
dated as of December 20, 2021, by and among THE DUN & BRADSTREET CORPORATION, a Delaware corporation (the “Issuer”
or the “Company”), the GUARANTORS (as defined below) listed on the signature pages hereto and WILMINGTON
TRUST, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”).

 

W  I  T  N
 E  S  S  E  T  H

 

WHEREAS, the Issuer has duly authorized the execution
and delivery of this Indenture to provide for the issuance of (i) its 5.00% Senior Notes due 2029 issued on the date hereof (the
 “Initial Notes”) and (ii) any additional Notes (“Additional Notes” and, together with the Initial
Notes, the “Notes”) that may be issued after the Issue Date.

 

WHEREAS, all things necessary (i) to make
the Notes, when executed and duly issued by the Issuer and authenticated and delivered hereunder, the valid obligations of the Issuer,
(ii) to make the Note Guarantees, when this Indenture is executed by each Guarantor, the valid obligation of each such Guarantor
and (iii) to make this Indenture a valid agreement of the Issuer and each of the Guarantors have been done; and

 

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

 

Article I

 

DEFINITIONS
AND INCORPORATION BY REFERENCE

 

Section 1.1.        Definitions.

 

“Acquired Indebtedness” means
with respect to any Person (x) Indebtedness of any other Person or any of its Subsidiaries existing at the time such other Person
becomes a Restricted Subsidiary or merges or amalgamates with or into or consolidates or otherwise combines with the Company or any Restricted
Subsidiary and (y) Indebtedness secured by a Lien encumbering any asset acquired by such Person. Acquired Indebtedness shall be deemed
to have been incurred, with respect to clause (x) of the preceding sentence, on the date such Person becomes a Restricted Subsidiary
or on the date of the relevant merger, amalgamation, consolidation, acquisition or other combination.

 

“Acquisition” means the transactions
contemplated by the Acquisition Agreement.

 

“Acquisition Agreement” means
the Agreement and Plan of Merger, by and among the Company, Star Parent, L.P. and Star Merger Sub, Inc., dated as of August 8,
2018.

 

“Additional Assets” means:

 

(1)           any
property or assets (other than Capital Stock) used or to be used by the Company, a Restricted Subsidiary or otherwise useful in a Similar
Business (it being understood that capital expenditures on property or assets already used in a Similar Business or to replace any property
or assets that are the subject of such Asset Disposition shall be deemed an investment in Additional Assets);

 

(2)           the
Capital Stock of a Person that is engaged in a Similar Business and becomes a Restricted Subsidiary as a result of the acquisition of
such Capital Stock by the Company or a Restricted Subsidiary; or

 

(3)           Capital
Stock constituting a minority interest in any Person that at such time is a Restricted Subsidiary.

 

“Affiliate” of any specified
Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such
specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct
the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

 

“AI” means an “accredited
investor” as described in Rule 501(a)(4) under the Securities Act.

 

    

     

    

 

“Alternative Currency” means
any currency (other than Dollars) that is a lawful currency (other than Dollars) that is readily available and freely transferable and
convertible into Dollars (as determined in good faith by the Company).

 

“Applicable Premium” means the
greater of (A) 1.0% of the principal amount of such Note and (B) on any redemption date, the excess (to the extent positive)
of:

 

(a)           the
present value at such redemption date of (i) the redemption price of such Note at December 15, 2024 (such redemption price (expressed
in percentage of principal amount) being set forth in the table under ‎Section 5.7(d) (excluding accrued but unpaid
interest, if any)), plus (ii) all required interest payments due on such Note to and including such date set forth in clause (i) (excluding
accrued but unpaid interest, if any), computed upon the redemption date using a discount rate equal to the Applicable Treasury Rate at
such redemption date plus 50 basis points; over

 

(b)           the
outstanding principal amount of such Note;

 

in each case, as calculated by the Issuer or on
behalf of the Issuer by such Person as the Issuer shall designate. The Trustee shall have no duty to calculate or verify the calculations
of the Applicable Premium.

 

“Applicable Treasury Rate” means
the weekly average for each Business Day during the most recent week that has ended at least two (2) Business Days prior to the redemption
date of the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and
published in the Federal Reserve Statistical Release H.15 (or, if such statistical release is not so published or available, any publicly
available source of similar market data selected by the Issuer in good faith)) most nearly equal to the period from the redemption date
to December 15, 2024; provided, however, that if the period from the redemption date to December 15, 2024 is not equal to the
constant maturity of a United States Treasury security for which a yield is given, the Applicable Treasury Rate shall be obtained by linear
interpolation (calculated to the nearest one-twelfth of a year) from the yields of United States Treasury securities for which such yields
are given, except that if the period from the redemption date to such applicable date 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.

 

“Asset Disposition” means:

 

(a)           the
voluntary sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions, of property
or assets (including by way of a Sale and Leaseback Transaction) of the Company or any of its Restricted Subsidiaries (in each case other
than Capital Stock of the Company) (each referred to in this definition as a “disposition”); or

 

(b)           the
issuance or sale of Capital Stock of any Restricted Subsidiary (other than Preferred Stock or Disqualified Stock of Restricted Subsidiaries
issued in compliance with ‎Section 3.2 hereof or directors’ qualifying shares and shares issued to foreign nationals
as required under applicable law), whether in a single transaction or a series of related transactions;

 

in each case, other than:

 

(1)           a
disposition by the Company or a Restricted Subsidiary to the Company or a Restricted Subsidiary, including pursuant to any Intercompany
License Agreement;

 

(2)           a
disposition of cash, Cash Equivalents or Investment Grade Securities, including any marketable securities portfolio owned by the Company
and its Subsidiaries on the Issue Date;

 

(3)           a
disposition of inventory, goods or other assets (including Settlement Assets) in the ordinary course of business or consistent with past
practice or held for sale or no longer used in the ordinary course of business, including any disposition of disposed, abandoned or discontinued
operations;

 

(4)           a
disposition of obsolete, worn-out, uneconomic, damaged, noncore or surplus property, equipment or other assets or property, equipment
or other assets that are no longer economically practical or commercially desirable to maintain or used or useful in the business of the
Company and its Restricted Subsidiaries whether now or hereafter owned or leased or acquired in connection with an acquisition or used
or useful in the conduct of the business of the Company and its Restricted Subsidiaries (including by ceasing to enforce, allowing the
lapse, abandonment or invalidation of or discontinuing the use or maintenance of or putting into the public domain any intellectual property
that is, in the reasonable judgment of the Company or the Restricted Subsidiaries, no longer used or useful, or economically practicable
to maintain, or in respect of which the Company or any Restricted Subsidiary determines in its reasonable judgment that such action or
inaction is desirable);

 

    	 	-2-	 

     

    

 

(5)           transactions
permitted under ‎Section 4.1 hereof or a transaction that constitutes a Change of Control;

 

(6)           an
issuance of Capital Stock by a Restricted Subsidiary to the Company or to another Restricted Subsidiary or as part of or pursuant to an
equity incentive or compensation plan approved by the Board of Directors of the Company;

 

(7)           any
dispositions of Capital Stock, properties or assets in a single transaction or series of related transactions with a fair market value
(as determined in good faith by the Company) of less than the greater of $80.0 million and 10.0% of LTM EBITDA;

 

(8)           any
Restricted Payment that is permitted to be made, and is made, under ‎Section 3.3 and the making of any Permitted Payment
or Permitted Investment or, solely for purposes of ‎Section 3.5(a)(3), asset sales, the proceeds of which are used to
make such Restricted Payments or Permitted Investments;

 

(9)           dispositions
in connection with Permitted Liens;

 

(10)         dispositions
of receivables in connection with the compromise, settlement or collection thereof in the ordinary course of business or consistent with
past practice or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements;

 

(11)         conveyances,
sales, transfers, licenses, sublicenses, cross-licenses or other dispositions of intellectual property, software or other general intangibles
and licenses, sublicenses, cross-licenses leases or subleases of other property, in each case, in the ordinary course of business or consistent
with past practice or pursuant to a research or development agreement in which the counterparty to such agreement receives a license in
the intellectual property or software that result from such agreement;

 

(12)         the
lease, assignment, license, sublease or sublicense of any real or personal property in the ordinary course of business or consistent with
industry practice;

 

(13)         foreclosure,
condemnation, expropriation, forced disposition or any similar action with respect to any property or other assets or the granting of
Liens not prohibited by this Indenture;

 

(14)         the
sale, discount or other disposition (with or without recourse, and on customary or commercially reasonable terms and for credit management
purposes) of inventory, accounts receivable or notes receivable in the ordinary course of business or consistent with past practice, or
the conversion or exchange of accounts receivable for notes receivable;

 

(15)         any
issuance or sale of Capital Stock in, or Indebtedness or other securities of, an Unrestricted Subsidiary or any other disposition of Capital
Stock, Indebtedness or other securities of an Unrestricted Subsidiary;

 

(16)         any
disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other than the
Company or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary acquired
its business and assets (having been newly formed in connection with such acquisition), made as part of such acquisition and in each case
comprising all or a portion of the consideration in respect of such sale or acquisition;

 

(17)         (i) dispositions
of property to the extent that such property is exchanged for credit against the purchase price of similar replacement property that is
promptly purchased, (ii) dispositions of property to the extent that the proceeds of such disposition are promptly applied to the
purchase price of such replacement property (which replacement property is actually promptly purchased) and (iii) to the extent allowable
under Section 1031 of the Code or comparable law or regulation, any exchange of like property (excluding any boot thereon) for use
in a Similar Business;

 

    	 	-3-	 

     

    

 

(18)         any
disposition of Securitization Assets or Receivables Assets, or participations therein, in connection with any Qualified Securitization
Financing or Receivables Facility, or the disposition of an account receivable in connection with the collection or compromise thereof
in the ordinary course of business or consistent with past practice;

 

(19)         any
financing transaction with respect to property constructed, acquired, leased, renewed, relocated, expanded, replaced, repaired, maintained,
upgraded or improved (including any reconstruction, refurbishment, renovation and/or development of real property) by the Company or any
Restricted Subsidiary after the Issue Date, including Sale and Leaseback Transactions and asset securitizations, permitted by this Indenture;

 

(20)         sales,
transfers or other dispositions of Investments in joint ventures or similar entities to the extent required by, or made pursuant to customary
buy/sell arrangements between, the parties set forth in joint venture arrangements and similar binding arrangements;

 

(21)         any
surrender or waiver of contractual rights or the settlement, release, surrender or waiver of contractual, tort, litigation or other claims
of any kind;

 

(22)          the
unwinding of any Cash Management Obligations or Hedging Obligations;

 

(23)         transfers
of property or assets subject to Casualty Events upon receipt of the Net Proceeds of such Casualty Event; provided that any Cash
Equivalents received by the Company or any of its Restricted Subsidiaries in respect of such Casualty Event shall be deemed to be Net
Available Cash of an Asset Disposition, and such Net Available Cash shall be applied in accordance with ‎Section 3.5;

 

(24)         any
sale of property or assets, if the acquisition of such property or assets was financed with Excluded Contributions and the proceeds of
such sale are used to make a Restricted Payment pursuant to ‎Section 3.3(b)(10)(b);

 

(25)         the
disposition of any assets (including Capital Stock) (i) acquired in a transaction after the Issue Date, which assets are not useful
in the core or principal business of the Company and its Restricted Subsidiaries, or (ii) made in connection with the approval of
any applicable antitrust authority or otherwise necessary or advisable in the reasonable determination of the Company to consummate any
acquisition; and

 

(26)         any
disposition of nonrevenue producing assets to a Person who is providing services related to such assets, the provision of which have been
or are to be outsourced by the Company or any Restricted Subsidiary to such Person.

 

In the event that a transaction (or any portion thereof)
meets the criteria of a permitted Asset Disposition and would also be a Permitted Investment or an Investment permitted under ‎Section 3.3,
the Company, in its sole discretion, will be entitled to divide and classify such transaction (or a portion thereof) as an Asset Disposition
and/or one or more of the types of Permitted Investments or Investments permitted under ‎Section 3.3.

 

“Associate” means (i) any
Person engaged in a Similar Business of which the Company or its Restricted Subsidiaries are the legal and beneficial owners of between
20% and 50% of all outstanding Voting Stock and (ii) any joint venture entered into by the Company or any Restricted Subsidiary.

 

“Bankruptcy Law” means Title
11 of the United States Code or similar federal or state law for the relief of debtors.

 

“Board of Directors” means (i) with
respect to the Company or any corporation, the board of directors or managers, as applicable, of the corporation, or any duly authorized
committee thereof; (ii) with respect to any partnership, the board of directors or other governing body of the general partner, as
applicable, of the partnership or any duly authorized committee thereof; (iii) with respect to a limited liability company, the managing
member or members or any duly authorized controlling committee thereof; and (iv) with respect to any other Person, the board or any
duly authorized committee of such Person serving a similar function.

 

    	 	-4-	 

     

    

 

Whenever any provision requires any action or determination
to be made by, or any approval of, a Board of Directors, such action, determination or approval shall be deemed to have been taken or
made if approved by a majority of the directors on any such Board of Directors (whether or not such action or approval is taken as part
of a formal board meeting or as a formal board approval). Unless the context requires otherwise, Board of Directors means the Board of
Directors of the Company.

 

“Business Day” means each day
that is not a Saturday, Sunday or other day on which banking institutions in New York, New York, United States or in the jurisdiction
of the place of payment are authorized or required by law to close. When the payment of any obligation or the performance of any covenant,
duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment or performance
shall extend to the immediately succeeding Business Day and such extension of time shall be reflected in computing interest or fees, as
the case may be.

 

“Business Successor” means (i) any
former Subsidiary of the Company and (ii) any Person that, after the Issue Date, has acquired, merged or consolidated with a Subsidiary
of the Company (that results in such Subsidiary ceasing to be a Subsidiary of the Company), or acquired (in one transaction or a series
of transactions) all or substantially all of the property and assets or business of a Subsidiary or assets constituting a business unit,
line of business or division of a Subsidiary of the Company.

 

“Capital Stock” of any Person
means any and all shares of, rights to purchase or acquire, warrants, options or depositary receipts for, or other equivalents of, or
partnership or other interests in (however designated), equity of such Person, including any Preferred Stock, but excluding any debt securities
convertible into, or exchangeable for, such equity.

 

“Capitalized Lease Obligations”
means an obligation that is required to be classified and accounted for as a capitalized lease (and, for the avoidance of doubt, not a
straight-line or operating lease) for financial reporting purposes in accordance with GAAP. The amount of Indebtedness represented by
such obligation will be the capitalized amount of such obligation at the time any determination thereof is to be made as determined in
accordance with GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such
lease prior to the first date such lease may be terminated without penalty; provided that all obligations of the Company and its
Restricted Subsidiaries that are or would be characterized as an operating lease as determined in accordance with GAAP as in effect on
January 1, 2015 (whether or not such operating lease was in effect on such date) shall continue to be accounted for as an operating
lease (and not as a Capitalized Lease Obligation) for purposes of this Indenture regardless of any change in GAAP following January 1,
2015 (that would otherwise require such obligation to be recharacterized as a Capitalized Lease Obligation).

 

“Capitalized Software Expenditures”
means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted
Subsidiaries during such period in respect of licensed or purchased software or internally developed software and software enhancements
that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person
and its Restricted Subsidiaries.

 

“Cash Equivalents” means:

 

(1)           (a) Dollars,
Canadian dollars, pounds sterling, yen, euro, any national currency of any member state of the European Union or any Alternative Currency;
or (b) any other foreign currency held by the Company and its Restricted Subsidiaries from time to time in the ordinary course of
business or consistent with past practice;

 

(2)           securities
issued or directly and fully guaranteed or insured by the United States, Canadian, United Kingdom or Japanese governments, a member state
of the European Union or, in each case, any agency or instrumentality thereof (provided that the full faith and credit obligation
of such country or such member state is pledged in support thereof), with maturities of 36 months or less from the date of acquisition;

 

(3)           certificates
of deposit, time deposits, eurodollar time deposits, overnight bank deposits, demand deposits or bankers’ acceptances having maturities
of not more than two years from the date of acquisition thereof issued by any bank, trust company or other financial institution (a) whose
commercial paper is rated at least “P-2” or the equivalent thereof by S&P or at least “A-2” or the equivalent
thereof by Moody’s (or, if at the time, neither S&P or Moody’s is rating such obligations, then a comparable rating from
another Nationally Recognized Statistical Rating Organization selected by the Company) or (b) having combined capital and surplus
in excess of $100.0 million;

 

    	 	-5-	 

     

    

 

(4)           repurchase
obligations for underlying securities of the types described in clauses (2), (3), (7) and (8) entered into with any Person meeting
the qualifications specified in clause (3) above;

 

(5)           securities
with maturities of two years or less from the date of acquisition backed by standby letters of credit issued by any Person meeting the
qualifications in clause (3) above;

 

(6)           commercial
paper and variable or fixed rate notes issued by any Person meeting the qualifications specified in clause (3) above (or by
the parent company thereof) maturing within two years after the date of creation thereof, or if no rating is available in respect of the
commercial paper or variable or fixed rate notes, the issuer of which has an equivalent rating in respect of its long-term debt;

 

(7)           marketable
short-term money market and similar securities having a rating of at least “P-2” or “A-2” from either S&P
or Moody’s, respectively (or, if at the time, neither S&P nor Moody’s is rating such obligations, then a comparable rating
from another Nationally Recognized Statistical Rating Organization selected by the Company);

 

(8)           readily
marketable direct obligations issued by any state, province, commonwealth or territory of the United States of America or any political
subdivision, taxing authority or any agency or instrumentality thereof, rated BBB- (or the equivalent) or better by S&P or Baa3 (or
the equivalent) or better by Moody’s (or, if at the time, neither S&P nor Moody’s is rating such obligations, then a comparable
rating from another Nationally Recognized Statistical Rating Organization selected by the Company) with maturities of not more than two
years from the date of acquisition;

 

(9)           readily
marketable direct obligations issued by any foreign government or any political subdivision, taxing authority or agency or instrumentality
thereof, with a rating of “BBB-” or higher from S&P or “Baa3” or higher by Moody’s or the equivalent
of such rating by such rating organization (or, if at the time, neither S&P nor Moody’s is rating such obligations, then a comparable
rating from another Nationally Recognized Statistical Rating Organization selected by the Company) with maturities of not more than two
years from the date of acquisition;

 

(10)         Investments
with average maturities of 24 months or less from the date of acquisition in money market funds with a rating of “A” or higher
from S&P or “A-2” or higher by Moody’s or the equivalent of such rating by such rating organization (or, if at the
time, neither S&P nor Moody’s is rating such obligations, then a comparable rating from another Nationally Recognized Statistical
Rating Organization selected by the Company);

 

(11)         with
respect to any Foreign Subsidiary: (i) obligations of the national government of the country in which such Foreign Subsidiary maintains
its chief executive office and principal place of business provided such country is a member of the Organization for Economic Cooperation
and Development, in each case maturing within one year after the date of investment therein, (ii) certificates of deposit of, bankers’
acceptance of, or time deposits with, any commercial bank which is organized and existing under the laws of the country in which such
Foreign Subsidiary maintains its chief executive office and principal place of business provided such country is a member of the Organization
for Economic Cooperation and Development, and whose short-term commercial paper rating from S&P is at least “P-2” or the
equivalent thereof or from Moody’s is at least “A-2” or the equivalent thereof (any such bank being an “Approved
Foreign Bank”), and in each case with maturities of not more than 270 days from the date of acquisition and (iii) the equivalent
of demand deposit accounts which are maintained with an Approved Foreign Bank;

 

(12)         Indebtedness
or Preferred Stock issued by Persons with a rating of “BBB-” or higher from S&P or “Baa3” or higher by Moody’s
or the equivalent of such rating by such rating organization (or, if at the time, neither S&P nor Moody’s is rating such obligations,
then a comparable rating from another Nationally Recognized Statistical Rating Organization selected by the Company) with maturities of
not more than two years from the date of acquisition;

 

    	 	-6-	 

     

    

 

(13)         bills
of exchange issued in the United States of America, Canada, the United Kingdom, Japan, a member state of the European Union eligible for
rediscount at the relevant central bank and accepted by a bank (or any dematerialized equivalent);

  

(14)         investments
in industrial development revenue bonds that (i) “re-set” interest rates not less frequently than quarterly, (ii) are
entitled to the benefit of a remarketing arrangement with an established broker dealer and (iii) are supported by a direct pay letter
of credit covering principal and accrued interest that is issued by any bank meeting the qualifications specified in clause (3) above;
and

 

(15)         any
investment company, money market, enhanced high yield, pooled or other investment fund investing 90% or more of its assets in instruments
of the types specified in the clauses above.

 

In the case of Investments by any Foreign Subsidiary
that is a Restricted Subsidiary or Investments made in a country outside the United States of America, Cash Equivalents shall also include
(a) investments of the type and maturity described in clauses (1) through (15) above of foreign obligors, which Investments
or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating
agencies and (b) other short-term investments utilized by Foreign Subsidiaries that are Restricted Subsidiaries in accordance with
normal investment practices for cash management in investments analogous to the foregoing investments in clauses (1) through (15)
above and in this paragraph. Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in currencies other than
those set forth in clause (1) above, provided that such amounts are converted into any currency listed in clause (1) as
promptly as practicable and in any event within ten (10) Business Days following the receipt of such amounts. For the avoidance of
doubt, any items identified as Cash Equivalents under this definition will be deemed to be Cash Equivalents for all purposes under this
Indenture regardless of the treatment of such items under GAAP.

 

“Cash Management Obligations”
means (1) obligations in respect of any overdraft and related liabilities arising from treasury, depository, cash pooling arrangements,
electronic fund transfer, treasury services and cash management services, including controlled disbursement services, working capital
lines, lines of credit, overdraft facilities, foreign exchange facilities, deposit and other accounts and merchant services, or other
cash management arrangements or any automated clearing house arrangements, (2) other obligations in respect of netting or setting
off arrangements, credit, debit or purchase card programs, stored value card and similar arrangements and (3) obligations in respect
of any other services related, ancillary or complementary to the foregoing (including any overdraft and related liabilities arising from
treasury, depository, cash pooling arrangements and cash management services, corporate credit and purchasing cards and related programs
or any automated clearing house transfers of funds).

 

“Casualty Event” means any event
that gives rise to the receipt by the Company or any Restricted Subsidiary of any insurance proceeds or condemnation awards in respect
of any equipment, assets or real property (including any improvements thereon) to replace or repair such equipment, assets or real property.

 

“Change of Control” means:

 

(1)                   the
Company becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act, proxy, vote,
written notice or otherwise) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of
the Exchange Act as in effect on the Issue Date), other than one or more Permitted Holders or a Parent Entity, that is or becomes the
 “beneficial owner” (as defined in Rules 13d-3 and 13d-5 of the Exchange Act as in effect on the Issue Date) of more than
50% of the total voting power of the Voting Stock of the Company; provided that (x) so long as the Company is a Subsidiary
of any Parent Entity, no Person shall be deemed to be or become a beneficial owner of more than 50% of the total voting power of the Voting
Stock of the Company unless such Person shall be or become a beneficial owner of more than 50% of the total voting power of the Voting
Stock of such Parent Entity (other than a Parent Entity that is a Subsidiary of another Parent Entity) and (y) any Voting Stock of
which any Permitted Holder is the beneficial owner shall not in any case be included in any Voting Stock of which any such Person is the
beneficial owner; or

 

    	 	-7-	 

     

    

 

(2)                   the
sale or transfer, in one or a series of related transactions, of all or substantially all of the assets of the Company and its Restricted
Subsidiaries, taken as a whole, to a Person (other than the Company or any of its Restricted Subsidiaries or one or more Permitted Holders)
and any “person” (as defined in clause (1) above), other than one or more Permitted Holders or any Parent Entity, is
or becomes the “beneficial owner” (as so defined) of more than 50% of the total voting power of the Voting Stock of the transferee
Person in such sale or transfer of assets, as the case may be; provided that (x) so long as the Company is a Subsidiary of
any Parent Entity, no Person shall be deemed to be or become a beneficial owner of more than 50% of the total voting power of the Voting
Stock of the Company unless such Person shall be or become a beneficial owner of more than 50% of the total voting power of the Voting
Stock of such Parent Entity (other than a Parent Entity that is a Subsidiary of another Parent Entity) and (y) any Voting Stock of
which any Permitted Holder is the beneficial owner shall not in any case be included in any Voting Stock of which any such Person is the
beneficial owner.

 

Notwithstanding the preceding or any provision
of Section 13d-3 of the Exchange Act, (i) a “person” or “group” shall not be deemed to beneficially
own Voting Stock subject to a stock or asset purchase agreement, merger agreement, option agreement, warrant agreement or similar agreement
(or voting or option or similar agreement related thereto) until the consummation of the acquisition of the Voting Stock in connection
with the transactions contemplated by such agreement, (ii) if any group includes one or more Permitted Holders, the issued and outstanding
Voting Stock of the Company owned, directly or indirectly, by any Permitted Holders that are part of such group shall not be treated as
being beneficially owned by such group or any other member of such group for purposes of determining whether a Change of Control has occurred,
(iii) a Person or group will not be deemed to beneficially own the Voting Stock of another Person as a result of its ownership of
Voting Stock or other securities of such other Person’s parent entity (or related contractual rights) unless it owns 50% or more
of the total voting power of the Voting Stock entitled to vote for the election of directors of such parent entity having a majority of
the aggregate votes on the board of directors (or similar body) of such parent entity and (iv) the right to acquire Voting Stock
(so long as such Person does not have the right to direct the voting of the Voting Stock subject to such right) or any veto power in connection
with the acquisition or disposition of Voting Stock will not cause a party to be a beneficial owner.

 

“Code” means the United States
Internal Revenue Code of 1986, as amended.

 

“Company” has the meaning assigned
to it in the recitals of this Indenture.

 

“Consolidated Depreciation and Amortization
Expense” means, with respect to any Person for any period, the total amount of depreciation and amortization expense and capitalized
fees, including amortization or write-off of (i) intangible assets and non-cash organization costs, (ii) deferred financing
and debt issuance fees, costs and expenses, (iii) capitalized expenditures (including Capitalized Software Expenditures), customer
acquisition costs and incentive payments, media development costs, conversion costs and contract acquisition costs, the amortization of
original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease
assets or liabilities and (iv) capitalized fees related to any Qualified Securitization Financing or Receivables Facility, of such
Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP and any
write down of assets or asset value carried on the balance sheet.

 

“Consolidated EBITDA” means,
with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

 

(1)           increased
(without duplication) by:

 

(a)           Fixed
Charges of such Person for such period (including (w) non-cash rent expense, (x) net losses or any obligations on any Hedging
Obligations or other derivative instruments, (y) bank, letter of credit and other financing fees and (z) costs of surety bonds
in connection with financing activities, plus amounts excluded from the definition of “Consolidated Interest Expense” and
any non-cash interest expense), to the extent deducted (and not added back) in computing Consolidated Net Income; plus

 

(b)           (x) provision
for taxes based on income, profits, revenue or capital, including federal, foreign, state, provincial, territorial, local, unitary, excise,
property, franchise, value added and similar taxes and foreign withholding taxes (including any future taxes or other levies which replace
or are intended to be in lieu of such taxes and any penalties and interest related to such taxes or arising from tax examinations) and
similar taxes of such Person paid or accrued during such period (including in respect of repatriated funds), (y) any distributions
made to a Parent Entity with respect to the foregoing, including the amount of distributions actually made to any Parent Entity of such
Person in respect of such period in accordance with ‎Section 3.3(b)(9)(a) as though such amounts had been paid as
taxes directly by such Person for such periods, and (z) the net tax expense associated with any adjustments made pursuant to the
definition of “Consolidated Net Income” in each case, to the extent deducted and (not added back) in computing Consolidated
Net Income; plus

 

    	 	-8-	 

     

    

 

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

 

(d)           any
fees, costs, expenses or charges (other than Consolidated Depreciation and Amortization Expense) related to any actual, proposed or contemplated
Equity Offering (including any expense relating to enhanced accounting functions or other transaction costs associated with becoming a
public company, including Public Company Costs), Permitted Investment, Restricted Payment, acquisition, disposition, recapitalization
or the incurrence of Indebtedness permitted to be incurred by this Indenture (including a refinancing thereof) (whether or not successful
and including any such transaction consummated prior to the Issue Date), including (i) such fees, expenses or charges (including
rating agency fees, consulting fees and other related expenses and/or letter of credit or similar fees) related to the offering or incurrence
of, or ongoing administration, of the Notes, the Existing Notes, the Credit Agreement, any other Credit Facilities, any Securitization
Fees and the Transactions, including Transaction Expenses, and (ii) any amendment, waiver or other modification of the Notes, the
Existing Notes, the Credit Agreement, Receivables Facilities, Securitization Facilities, any other Credit Facilities, any Securitization
Fees, any other Indebtedness or any Equity Offering, in each case, whether or not consummated, to the extent deducted (and not added back)
in computing Consolidated Net Income; plus

 

(e)           (i) the
amount of any restructuring charge, accrual, reserve (and adjustments to existing reserves) or expense, integration cost, inventory optimization
programs or other business optimization expense or cost (including charges directly related to the implementation of cost-savings initiatives
and tax restructurings) that is deducted (and not added back) in such period in computing Consolidated Net Income, including any costs
incurred in connection with acquisitions or divestitures after the Issue Date, any severance, retention, signing bonuses, relocation,
recruiting and other employee related costs, costs in respect of strategic initiatives and curtailments or modifications to pension and
post-retirement employment benefit plans (including any settlement of pension liabilities), costs related to entry into new markets (including
unused warehouse space costs) and new product introductions (including labor costs and scrap costs), systems development and establishment
costs, operational and reporting systems, technology initiatives, contract termination costs, future lease commitments and costs related
to the opening and closure and/or consolidation of facilities (including severance, rent termination, moving and legal costs) and to exiting
lines of business and consulting fees incurred with any of the foregoing and (ii) fees, costs and expenses associated with acquisition
related litigation and settlements thereof; plus

 

(f)            any
other non-cash charges, write-downs, expenses, losses or items reducing Consolidated Net Income for such period including (i) non-cash
losses on the sale of assets and any write-offs or write-downs, deferred revenue or impairment charges, (ii) impairment charges,
amortization (or write offs) of financing costs (including debt discount, debt issuance costs and commissions and other fees associated
with Indebtedness, including the Notes, the Existing Notes and the Credit Agreement) of such Person and its Subsidiaries and/or (iii) the
impact of acquisition method accounting adjustment and any non-cash write-up, write-down or write-off with respect to revaluing assets
and liabilities in connection with the Transactions or any Investment, deferred revenue or any effects of adjustments resulting from the
application of purchase accounting, purchase price accounting (including any step-up in inventory and loss of profit on the acquired inventory)
(provided that if any such non-cash charge, write-down, expense, loss or item represents an accrual or reserve for potential cash
items in any future period, (A) the Company may elect not to add back such non-cash charge, expense or loss in the current period
and (B) to the extent the Company elects to add back such non-cash charge, the cash payment in respect thereof in such future period
shall be subtracted from Consolidated EBITDA when paid), or other items classified by the Company as special items less other non-cash
items of income increasing Consolidated Net Income (excluding any amortization of a prepaid cash item that was paid in a prior period
or such non-cash item of income to the extent it represents a receipt of cash in any future period); plus

 

    	 	-9-	 

     

    

 

(g)           (i) the
amount of pro forma “run rate” cost savings (including cost savings with respect to salary, benefit and other direct savings
resulting from workforce reductions and facility, benefit and insurance savings and any savings expected to result from the elimination
of a public target’s Public Company Costs), operating expense reductions, other operating improvements and initiatives and synergies
related to the Transactions projected by the Issuer in good faith to result from actions that have either been taken, with respect to
which substantial steps have been taken or that are expected to be taken within 24 months of the date thereof (including from any actions
taken in whole or in part prior to such date), which will be added to Consolidated EBITDA as so projected until fully realized and calculated
on a pro forma basis as though such cost savings (including cost savings with respect to salary, benefit and other direct savings resulting
from workforce reductions and facility, benefit and insurance savings), operating expense reductions, other operating improvements and
initiatives and synergies had been realized on the first (1st) day of such period, net of the amount of actual benefits realized prior
to or during such period from such actions or (ii) the amount of pro forma “run rate” cost savings (including cost savings
with respect to salary, benefit and other direct savings resulting from workforce reductions and facility, benefit and insurance savings
and any savings expected to result from the elimination of a public target’s Public Company Costs), operating expense reductions,
other operating improvements and initiatives and synergies related to dispositions, acquisitions, Investments, operating improvements,
restructurings, cost savings initiatives and certain other similar initiatives and specific transactions, or related to restructuring
initiatives, cost savings initiatives and other initiatives projected by the Company in good faith to result from actions that have either
been taken, with respect to which substantial steps have been taken or that are expected to be taken within 18 months of the date
thereof (including from any actions taken in whole or in part prior to such date), which will be added to Consolidated EBITDA as so projected
until fully realized and calculated on a pro forma basis as though such cost savings (including cost savings with respect to salary,
benefit and other direct savings resulting from workforce reductions and facility, benefit and insurance savings), operating expense reductions,
other operating improvements and initiatives and synergies had been realized on the first (1st) day of such period, net of the amount
of actual benefits realized prior to or during such period from such actions; provided that the aggregate amount of adjustments
pursuant to this clause (g)(ii) (other than any adjustments made in accordance with Regulation S-X), together with the adjustments
referenced in the proviso in the third paragraph of the definition of “Fixed Charge Coverage Ratio,” shall not exceed 30.0%
of Consolidated EBITDA for the applicable period (calculated after giving effect to any pro forma adjustments); plus

 

(h)           any
costs or expenses incurred by the Company or a Restricted Subsidiary or a Parent Entity pursuant to any management equity plan, stock
option plan, phantom equity plan, profits interests or any other management, employee benefit or other compensatory plan or agreement
(and any successor plans or arrangements thereto), employment, termination or severance agreement, or any stock subscription or equityholder
agreement, and any costs or expenses in connection with the roll-over, acceleration or payout of Capital Stock held by management, to
the extent that such costs or expenses are non-cash or otherwise funded with cash proceeds contributed to the capital of the Company or
net cash proceeds of an issuance of Capital Stock (other than Disqualified Stock) of the Company; plus

 

(i)            cash
receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated EBITDA or Consolidated Net
Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of Consolidated EBITDA pursuant
to clause (2) below for any previous period and not added back; plus

 

(j)            any
net loss included in the Consolidated Net Income attributable to non-controlling or minority interests pursuant to the application of
Accounting Standards Codification Topic 810-10-45; plus

 

(k)           the
amount of any non-controlling or minority interest expense consisting of Subsidiary income attributable to non-controlling or minority
equity interests of third parties in any non-wholly owned Subsidiary; plus

 

(l)            unrealized
or realized foreign exchange losses resulting from the impact of foreign currency changes; plus

 

(m)           with
respect to any joint venture, an amount equal to the proportion of those items described in clauses (b) and (c) above relating
to such joint venture corresponding to the Company’s and its Restricted Subsidiaries’ proportionate share of such joint venture’s
Consolidated Net Income (determined as if such joint venture were a Restricted Subsidiary) to the extent deducted (and not added back)
in computing Consolidated Net Income; plus

 

    	 	-10-	 

     

    

 

(n)           the
amount of any costs or expenses relating to payments made to stock appreciation or similar rights, stock option, restricted stock, phantom
equity, profits interests or other interests or rights holders of the Company or any of its Subsidiaries or any Parent Entity in connection
with, or as a result of, any distribution being made to equityholders of such Person or any of its Subsidiaries or any Parent Entities,
which payments are being made to compensate such holders as though they were equityholders at the time of, and entitled to share in, such
distribution; plus

  

(o)           adjustments
of the nature or type used in (i) connection with the calculation of “Adjusted EBITDA” as set forth in footnote 7 of
 “Summary Historical Consolidated Financial Data” and “Non-GAAP Financial Measures” contained in the Offering Memorandum
and (ii) any due diligence quality of earnings report from time to time prepared with respect to the target of an acquisition or
Investment by a nationally recognized accounting firm; and

 

(2)           decreased
(without duplication) by non-cash gains increasing Consolidated Net Income of such Person for such period, excluding any non-cash gains
to the extent they represent the reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDA in any prior
period (other than non-cash gains relating to the application of Accounting Standards Codification Topic 840—Leases).

 

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

 

(1)           consolidated
interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such expense was deducted (and not added
back) in computing Consolidated Net Income (including (a) amortization of original issue discount or premium resulting from the issuance
of Indebtedness at less than par, (b) all commissions, discounts and other fees and charges owed with respect to letters of credit
or bankers acceptances, (c) non-cash interest payments (but excluding any non-cash interest expense attributable to the movement
in mark-to-market valuation of any Hedging Obligations or other derivative instruments pursuant to GAAP), (d) the interest component
of Capitalized Lease Obligations, and (e) net payments, if any made (less net payments, if any, received), pursuant to interest rate
Hedging Obligations with respect to Indebtedness, and excluding (i) Securitization Fees, (ii) penalties and interest relating
to taxes, (iii) annual agency or similar fees paid to the administrative agents, collateral agents and other agents under any Credit
Facility, (iv) any additional interest or liquidated damages owing pursuant to any registration rights obligations, (v) costs
associated with obtaining Hedging Obligations, (vi) accretion or accrual of discounted liabilities other than Indebtedness, (vii) any
expense resulting from the discounting of any Indebtedness in connection with the application of recapitalization accounting or purchase
accounting in connection with the Transactions or any acquisition, (viii) amortization, expensing or write-off of deferred financing
fees, amendment and consent fees, debt issuance costs, debt discount or premium, terminated hedging obligations and other commissions,
fees and expenses, discounted liabilities, original issue discount and any other amounts of non-cash interest and, adjusted to the extent
included, to exclude any refunds or similar credits received in connection with the purchasing or procurement of goods or services under
any purchasing card or similar program, (ix) any expensing of bridge, arrangement, structuring, commitment, agency, consent and other
financing fees and any other fees related to the Transactions or any acquisitions after the Issue Date, (x) any accretion of accrued
interest on discounted liabilities and any prepayment, make-whole or breakage premium, penalty or cost, (xi) interest expense with
respect to Indebtedness of any direct or indirect parent of such Person resulting from push-down accounting) and (xii) any lease,
rental or other expense in connection with a Non-Financing Lease Obligations); plus

 

(2)           consolidated
capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or accrued; less

 

(3)           interest
income for such period.

 

For purposes of this definition, interest on a
Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by such Person to be the rate of interest
implicit in such Capitalized Lease Obligation in accordance with GAAP.

 

    	 	-11-	 

     

    

 

“Consolidated Net Income” means,
with respect to any Person for any period, the net income (loss) of such Person and its Restricted Subsidiaries for such period determined
on a consolidated basis in accordance with GAAP and before any reduction in respect of Preferred Stock dividends; provided, however,
that there will not be included in such Consolidated Net Income:

 

(1)           any
net income (loss) of any Person if such Person is not a Restricted Subsidiary (including any net income (loss) from investments recorded
in such Person under the equity method of accounting), except that the Company’s equity in the net income of any such Person for
such period will be included in such Consolidated Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed
(or to the extent converted into cash or Cash Equivalents) or that (as determined by the Company in its reasonable discretion) could have
been distributed by such Person during such period to the Company or a Restricted Subsidiary as a dividend or other distribution or return
on investment;

 

(2)           solely
for the purpose of determining the amount available for Restricted Payments under ‎Section 3.3(a)(iii)(A) hereof,
any net income (loss) of any Restricted Subsidiary (other than the Guarantors) if such Subsidiary is subject to restrictions, directly
or indirectly, on the payment of dividends or the making of distributions by such Restricted Subsidiary, directly or indirectly, to the
Company or a Guarantor by operation of the terms of such Restricted Subsidiary’s articles, charter or any agreement, instrument,
judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted Subsidiary or its stockholders
(other than (a) restrictions that have been waived or otherwise released (or such Person reasonably believes such restriction could
be waived or released and is using commercially reasonable efforts to pursue such waiver or release), (b) restrictions pursuant to
the Credit Agreement, the Notes, the Existing Secured Notes, this Indenture, the indenture governing the Existing Secured Notes or other
indebtedness containing substantially similar restrictions and (c) restrictions specified in Section 3.4(b)(14)(i)),
except that the Company’s equity in the net income of any such Restricted Subsidiary for such period will be included in such Consolidated
Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed (or to the extent converted, or having the ability
to be converted, into cash or Cash Equivalents) or that could have been distributed by such Restricted Subsidiary during such period to
the Company or another Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend to another Restricted
Subsidiary, to the limitation contained in this clause);

 

(3)           any
gain (or loss) (a) in respect of facilities no longer used or useful in the conduct of the business of the Company or its Restricted
Subsidiaries, abandoned, closed, disposed or discontinued operations, (b) on disposal, abandonment or discontinuance of disposed,
abandoned, closed or discontinued operations, and (c) attributable to asset dispositions, abandonments, sales or other dispositions
of any asset (including pursuant to any Sale and Leaseback Transaction) or the designation of an Unrestricted Subsidiary other than in
the ordinary course of business;

 

(4)           (a) any
extraordinary, exceptional, unusual or nonrecurring loss, charge or expense, Transaction Expenses, Public Company Costs, restructuring
and duplicative running costs, restructuring charges or reserves (whether or not classified as restructuring expense on the consolidated
financial statements), relocation costs, start-up or initial costs for any project or new production line, division or new line of business,
integration and facilities’ or bases’ opening costs, facility consolidation and closing costs, severance costs and expenses,
one-time charges (including compensation charges), payments made pursuant to the terms of change in control agreements that the Company
or a Subsidiary or a Parent Entity had entered into with employees of the Company, a Subsidiary or a Parent Entity, costs relating to
pre-opening, opening and conversion costs for facilities, losses, costs related to facility or property disruptions or shutdowns, signing,
retention and completion bonuses (including management bonus pools), recruiting costs, costs incurred in connection with any strategic
or cost savings initiatives, transition costs, contract terminations, litigation and arbitration fees, costs and charges, expenses in
connection with one-time rate changes, costs incurred with acquisitions, investments and dispositions (including travel and out-of-pocket
costs, human resources costs (including relocation bonuses), litigation and arbitration costs, charges, fees and expenses (including settlements),
management transition costs, advertising costs, losses associated with temporary decreases in work volume and expenses related to maintain
underutilized personnel) and nonrecurring product and intellectual property development, other business optimization expenses or reserves
(including costs and expenses relating to business optimization programs and new systems design and costs or reserves associated with
improvements to IT and accounting functions), retention charges (including charges or expenses in respect of incentive plans), system
establishment costs and implementation costs) and operating expenses attributable to the implementation of strategic or cost-savings initiatives,
and curtailments or modifications to pension and post-retirement employee benefit plans (including any settlement of pension liabilities
and charges resulting from changes in estimates, valuations and judgments) and professional, legal, accounting, consulting and other service
fees incurred with any of the foregoing and (b) any charge, expense, cost, accrual or reserve of any kind associated with acquisition
related litigation and settlements thereof;

 

    	 	-12-	 

     

    

 

(5)           (a) at
the election of the Company with respect to any quarterly period, the cumulative effect of a change in law, regulation or accounting principles
and changes as a result of the adoption or modification of accounting policies, (b) the cumulative effect of a change in accounting
principles and changes as a result of the adoption or modification of accounting policies during such period (including any impact resulting
from an election by the Company to apply IFRS or other accounting changes) and (c) any costs, charges, losses, fees or expenses in
connection with the implementation or tracking of such changes or modifications specified in the foregoing clauses (a) and (b);

 

(6)           (a) any
equity-based or non-cash compensation or similar charge, cost or expense or reduction of revenue, including any such charge, cost, expense
or reduction arising from any grant of stock, stock appreciation or similar rights, stock options, restricted stock, phantom equity, profits
interests or other interests, or other rights or equity- or equity-based incentive programs (“equity incentives”),
any income (loss) associated with the equity incentives or other long-term incentive compensation plans (including under deferred compensation
arrangements of the Company or any Parent Entity or Subsidiary and any positive investment income with respect to funded deferred compensation
account balances), roll-over, acceleration or payout of Capital Stock by employees, directors, officers, managers, contractors, consultants,
advisors or business partners (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Company or any
Parent Entity or Subsidiary, and any cash awards granted to employees of the Company and its Subsidiaries in replacement for forfeited
awards, (b) any non-cash losses realized in such period in connection with adjustments to any employee benefit plan due to changes
in estimates, actuarial assumptions, valuations, studies or judgments or non-cash compensation expense resulting from the application
of Accounting Standards Codification Topic 718, Compensation—Stock Compensation and (c) any net pension or post-employment
benefit costs representing amortization of unrecognized prior service costs, actuarial losses, amortization of such amounts arising in
prior periods, amortization of the unrecognized obligation (and loss or cost) existing at the date of initial application of Statement
of Financial Accounting Standards No. 87, 106 and 112, and any other item of a similar nature;

 

(7)           any
income (loss) from the extinguishment, conversion or cancellation of Indebtedness, Hedging Obligations or other derivative instruments
(including deferred financing costs written off, premiums paid or expenses incurred);

 

(8)           any
unrealized or realized gains or losses in respect of any Hedging Obligations or any ineffectiveness recognized in earnings related to
hedge transactions or the fair value of changes therein recognized in earnings for derivatives that do not qualify as hedge transactions;

 

(9)           any
fees, losses, costs, expenses or charges incurred during such period (including any transaction, retention bonus or similar payment),
or any amortization thereof for such period, in connection with (a) any acquisition, recapitalization, Investment, Asset Disposition,
disposition, issuance or repayment of Indebtedness (including such fees, expense or charges related to the offering, issuance and rating
of the Notes, other securities and any Credit Facilities), issuance of Capital Stock, refinancing transaction or amendment or modification
of any debt instrument (including any amendment or other modification of the Notes, other securities and any Credit Facilities), in each
case, including the Transactions, any such transaction consummated on, prior to or after the Issue Date and any such transaction undertaken
but not completed, and any charges or nonrecurring merger costs incurred during such period as a result of any such transaction, in each
case whether or not successful (including, for avoidance of doubt, the effects of expensing all transaction-related expenses in accordance
with Accounting Standards Codification Topic 805—Business Combinations and any adjustments resulting from the application of Accounting
Standards Codification Topic 460—Guarantees or any related pronouncements) and (b) complying with the requirements under, or
making elections permitted by, the documentation governing any Indebtedness;

 

(10)         any
unrealized or realized gain or loss resulting in such period from currency translation increases or decreases or transaction gains or
losses, including those related to currency remeasurements of Indebtedness (including any net loss or gain resulting from Hedging Obligations
for currency risk), intercompany balances, other balance sheet items, Hedging Obligations or other obligations of the Company or any Restricted
Subsidiary owing to the Company or any Restricted Subsidiary and any other realized or unrealized foreign exchange gains or losses relating
to the translation of assets and liabilities denominated in foreign currencies;

 

    	 	-13-	 

     

    

 

(11)         any
unrealized or realized income (loss) or non-cash expense attributable to movement in mark-to-market valuation of foreign currencies,
Indebtedness or derivative instruments pursuant to GAAP;

  

(12)         effects
of adjustments (including the effects of such adjustments pushed down to such Person and its Restricted Subsidiaries) in such Person’s
consolidated financial statements pursuant to GAAP and related pronouncements, including in the inventory (including any impact of changes
to inventory valuation policy methods, including changes in capitalization of variances), property and equipment, software, loans, leases,
goodwill, intangible assets, in-process research and development, deferred revenue (including deferred costs related thereto and deferred
rent) and debt line items thereof, resulting from the application of acquisition method accounting, recapitalization accounting or purchase
accounting, as the case may be, in relation to the Transactions or any consummated acquisition (by merger, consolidation, amalgamation
or otherwise), joint venture investment or other Investment or the amortization or write-off or write-down of any amounts thereof;

 

(13)         any
impairment charge, write-off or write-down, including impairment charges, write-offs or write-downs related to intangible assets, long-lived
assets, goodwill, investments in debt or equity securities (including any losses with respect to the foregoing in bankruptcy, insolvency
or similar proceedings) and investments recorded using the equity method or as a result of a change in law or regulation and the amortization
of intangibles arising pursuant to GAAP;

 

(14)         (a) accruals
and reserves (including contingent liabilities) that are established or adjusted in connection with the Transactions or within eighteen
months after the closing of any acquisition or disposition that are so required to be established or adjusted as a result of such acquisition
or disposition in accordance with GAAP, or changes as a result of adoption or modification of accounting policies and (b) earn-out,
non-compete and contingent consideration obligations (including to the extent accounted for as bonuses or otherwise) and adjustments thereof
and purchase price adjustments;

 

(15)         any
income (loss) related to any realized or unrealized gains and losses resulting from Hedging Obligations or embedded derivatives that require
similar accounting treatment (including embedded derivatives in customer contracts), and the application of Accounting Standards Codification
Topic 815—Derivatives and Hedging and its related pronouncements or mark to market movement of other financial instruments pursuant
to Accounting Standards Codification Topic 825—Financial Instruments, or the equivalent accounting standard under GAAP or an alternative
basis of accounting applied in lieu of GAAP;

 

(16)         any
non-cash expenses, accruals or reserves related to adjustments to historical tax exposures and any deferred tax expense associated with
tax deductions or net operating losses arising as a result of the Transactions, or the release of any valuation allowances related to
such item;

 

(17)         the
amount of (x) Board of Director (or equivalent thereof) fees, management, monitoring, consulting, refinancing, transaction, advisory
and other fees (including exit and termination fees) and indemnities, costs and expenses paid or accrued in such period to (or on behalf
of) an Investor or otherwise to any member of the Board of Directors (or the equivalent thereof) of the Company, any of its Subsidiaries,
any Parent Entity, any Permitted Holder or any Affiliate of a Permitted Holder, and (y) payments made to option holders of the Company
or any Parent Entity in connection with, or as a result of, any distribution being made to equityholders of such Person or its Parent
Entity, which payments are being made to compensate such option holders as though they were equityholders at the time of, and entitled
to share in, such distribution, including any cash consideration for any repurchase of equity;

 

(18)         the
amount of loss or discount on sale of Securitization Assets, Receivables Assets and related assets in connection with a Qualified Securitization
Financing or Receivables Facility; and

 

(19)         (i) payments
to third parties in respect of research and development, including amounts paid upon signing, success, completion and other milestones
and other progress payments, to the extent expensed and (ii) effects of adjustments to accruals and reserves during a period relating
to any change in the methodology of calculating reserves for returns, rebates and other chargebacks (including government program rebates).

 

    	 	-14-	 

     

    

 

 

In addition, to the extent not already excluded
(or included, as applicable) from the Consolidated Net Income of such Person and its Restricted Subsidiaries, notwithstanding anything
to the contrary in the foregoing, Consolidated Net Income shall be increased by the amount of: (i) any expenses, charges or losses
that are reimbursed by indemnification or other reimbursement provisions in connection with any investment or any sale, conveyance, transfer
or other disposition of assets permitted hereunder, or, so long as the Company has made a determination that there exists reasonable evidence
that such amount will in fact be reimbursed and only to the extent that such amount is in fact reimbursed within 365 days of the date
of such evidence (net of any amount so added back in a prior period to the extent not so reimbursed within the applicable 365-day period),
(ii) to the extent covered by insurance (including business interruption insurance) and actually reimbursed, or, so long as the Company
has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to
the extent that such amount is in fact reimbursed within 365 days of the date of such evidence (net of any amount so added back in a prior
period to the extent not so reimbursed within the applicable 365-day period), expenses, charges or losses with respect to liability or
Casualty Events or business interruption and (iii) the amount of distributions actually made to any Parent Entity of such Person
in respect of such period in accordance with ‎Section 3.3(b)(9)(a) as though such amounts had been paid as taxes
directly by such Person for such periods.

 

“Consolidated Secured Leverage Ratio”
means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness secured by a Lien as
of such date and (b) without duplication, the Reserved Indebtedness Amount secured by a Lien as of such date to (y) LTM
EBITDA.

 

“Consolidated Total Indebtedness”
means, as of any date of determination, an amount equal to (a) the aggregate principal amount of outstanding Indebtedness for borrowed
money (excluding Indebtedness with respect to Cash Management Obligations and intercompany Indebtedness), plus (b) the aggregate
principal amount of Capitalized Lease Obligations, Purchase Money Obligations and unreimbursed drawings under letters of credit of the
Company and its Restricted Subsidiaries outstanding on such date (provided that any unreimbursed amount under commercial letters
of credit shall not be counted as Consolidated Total Indebtedness until five (5) Business Days after such amount is drawn), minus
cash and Cash Equivalents included on the consolidated balance sheet of the Company and its Restricted Subsidiaries as of the end of the
most recent fiscal period for which consolidated financial statements are available (which may be internal financial statements) (provided
that the cash proceeds of any proposed incurrence of Indebtedness shall not be included in this clause (c) for purposes of calculating
the Consolidated Total Leverage Ratio or the Consolidated Secured Leverage Ratio, as applicable), with such pro forma adjustments as are
consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.” For the avoidance
of doubt, Consolidated Total Indebtedness shall exclude Indebtedness in respect of any Receivables Facility or Securitization Facility.

 

“Consolidated Total Leverage Ratio”
means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and
(b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.

 

“Contingent Obligations” means,
with respect to any Person, any obligation of such Person guaranteeing in any manner, whether directly or indirectly, any Non-Financing
Lease Obligation, dividend or other obligation that does not constitute Indebtedness (“primary obligations”) of any
other Person (the “primary obligor”), including any obligation of such Person, whether or not contingent:

 

(1)            to
purchase any such primary obligation or any property constituting direct or indirect security therefor;

 

(2)            to
advance or supply funds:

 

(a)            for
the purchase or payment of any such primary obligation; or

 

(b)            to
maintain the working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary
obligor; or

 

(3)            to
purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability
of the primary obligor to make payment of such primary obligation against loss in respect thereof.

 

“Controlled Investment Affiliate”
means, as to any Person, any other Person, which directly or indirectly is in control of, is controlled by, or is under common control
with such Person and is organized by such Person (or any Person controlling such Person) primarily for making direct or indirect equity
or debt investments in the Company and/or other companies.

 

    	 	-15-	 

     

    

 

“Credit Agreement” means the
Credit Agreement, dated as of February 8, 2019, among the Company, the other borrowers party thereto, the guarantors from time to
time party thereto, Bank of America, N.A., as administrative agent, swing line lender and L/C issuer, and each lender from time to time
party thereto, together with the related documents thereto (including the revolving loans thereunder, any letters of credit and reimbursement
obligations related thereto, any Guarantees and security documents), as amended, extended, renewed, restated, refunded, replaced, refinanced,
supplemented, modified or otherwise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and
other provisions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, including indentures,
incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or
removing any Person as a borrower, issuer or guarantor thereunder, in whole or in part), the borrowings and commitments then outstanding
or permitted to be outstanding under such Credit Agreement or one or more successors to the Credit Agreement or one or more new credit
agreements.

 

“Credit Facility” means, with
respect to the Company or any of its Subsidiaries, one or more debt facilities, indentures or other arrangements (including the Credit
Agreement or commercial paper facilities and overdraft facilities) with banks, other financial institutions or investors providing for
revolving credit loans, term loans, notes, receivables financing (including through the sale of receivables to such institutions or to
special purpose entities formed to borrow from such institutions against such receivables), letters of credit or other Indebtedness, in
each case, as amended, restated, modified, renewed, refunded, replaced, restructured, refinanced, repaid, increased or extended in whole
or in part from time to time (and whether in whole or in part and whether or not with the original administrative agent and lenders or
another administrative agent or agents or other banks or institutions and whether provided under the original Credit Agreement or one
or more other credit or other agreements, indentures, financing agreements or otherwise) and in each case including all agreements, instruments
and documents executed and delivered pursuant to or in connection with the foregoing (including any notes and letters of credit issued
pursuant thereto and any Guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications
and other Guarantees, pledges, agreements, security agreements and collateral documents). Without limiting the generality of the foregoing,
the term “Credit Facility” shall include any agreement or instrument (1) changing the maturity of any Indebtedness incurred
thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing
the amount of Indebtedness incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions
thereof.

 

“Custodian” means any receiver,
trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.

 

“Default” means any event that
is, or with the passage of time or the giving of notice or both would be, an Event of Default; provided that any Default that results
solely from the taking of an action that would have been permitted but for the continuation of a previous Default will be deemed to be
cured if such previous Default is cured prior to becoming an Event of Default.

 

“Definitive Notes” means certificated
Notes.

 

“Depositary” means, with respect
to the Notes issuable or issued in whole or in part in global form, the Person specified in ‎Section 2.3 hereof as the
Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant
to the applicable provisions of this Indenture.

 

“Derivative Instrument” with
respect to a Person, means any contract, instrument or other right to receive payment or delivery of cash or other assets to which such
Person or any Affiliate of such Person that is acting in concert with such Person in connection with such Person’s investment in
the Notes (other than a Screened Affiliate) is a party (whether or not requiring further performance by such Person), the value and/or
cash flows of which (or any material portion thereof) are materially affected by the value and/or performance of the Notes and/or the
creditworthiness of the Company and/or any one or more of the Guarantors (the “Performance References”).

 

    	 	-16-	 

     

    

 

“Designated Non-Cash Consideration”
means the fair market value (as determined in good faith by the Company) of non-cash consideration received by the Company or any of the
Restricted Subsidiaries in connection with an Asset Disposition that is so designated as Designated Non-Cash Consideration pursuant to
an Officer’s Certificate, setting forth the basis of such valuation, less the amount of cash or Cash Equivalents received in connection
with a subsequent payment, redemption, retirement, sale or other disposition of such Designated Non-Cash Consideration. A particular item
of Designated Non-Cash Consideration will no longer be considered to be outstanding when and to the extent it has been paid, redeemed
or otherwise retired or sold or otherwise disposed of in compliance with ‎Section 3.5 hereof.

 

“Designated
Preferred Stock” means Preferred Stock of the Company or a Parent Entity (other than Disqualified Stock) that is issued
for cash (other than to the Company or a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company
or any such Subsidiary for the benefit of their employees to the extent funded by the Company or such Subsidiary) and that is designated
as “Designated Preferred Stock” pursuant to an Officer’s Certificate of the Company at or prior to the issuance thereof,
the net cash proceeds of which are excluded from the calculation set forth in Section 3.3(a)(iii)(C) hereof.

 

“Disinterested Director” means,
with respect to any Affiliate Transaction, a member of the Board of Directors having no material direct or indirect financial interest
in or with respect to such Affiliate Transaction. A member of the Board of Directors shall be deemed not to have such a financial interest
by reason of such member’s holding Capital Stock of the Company or any options, warrants or other rights in respect of such Capital
Stock.

 

“Disqualified Stock” means,
with respect to any Person, any Capital Stock of such Person which by its terms (or by the terms of any security into which it is convertible
or for which it is exchangeable) or upon the happening of any event:

 

(1)            matures
or is mandatorily redeemable for cash or in exchange for Indebtedness pursuant to a sinking fund obligation or otherwise; or

 

(2)            is
or may become (in accordance with its terms) upon the occurrence of certain events or otherwise redeemable or repurchasable for cash or
in exchange for Indebtedness at the option of the holder of the Capital Stock in whole or in part,

 

in each case on or prior to the earlier of (a) the
Stated Maturity of the Notes or (b) the date on which there are no Notes outstanding; provided, however, that (i) only
the portion of Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the
option of the holder thereof prior to such date will be deemed to be Disqualified Stock and (ii) any Capital Stock that would constitute
Disqualified Stock solely because the holders thereof have the right to require the Company to repurchase such Capital Stock upon the
occurrence of a change of control or asset sale (howsoever defined or referred to) shall not constitute Disqualified Stock if any such
redemption or repurchase obligation is subject to compliance by the relevant Person with ‎Section 3.3 hereof; provided,
however, that if such Capital Stock is issued to any future, current or former employee, director, officer, manager, contractor, consultant
or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) (excluding the Permitted Holders (but not
excluding any future, current or former employee, director, officer, manager, contractor, consultant or advisor) or Immediate Family Members),
of the Company, any of its Subsidiaries, any Parent Entity or any other entity in which the Company or a Restricted Subsidiary has an
Investment and is designated in good faith as an “affiliate” by the Board of Directors (or the compensation committee thereof)
or any other plan for the benefit of current, former or future employees (or their respective Controlled Investment Affiliates or Immediate
Family Members) of the Company or its Subsidiaries or by any such plan to such employees (or their respective Controlled Investment Affiliates
or Immediate Family Members), such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased
by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations.

 

“Dollars” or “$”
means the lawful currency of the United States of America.

 

“Domestic Subsidiary” means,
with respect to any Person, any Restricted Subsidiary of such Person other than a Foreign Subsidiary.

 

“DTC” means The Depository Trust
Company or any successor securities clearing agency.

 

    	 	-17-	 

     

    

 

“Equity Offering” means (x) a
sale of Capital Stock (other than through the issuance of Disqualified Stock or Designated Preferred Stock or through an Excluded Contribution)
other than (a) offerings registered on Form S-8 (or any successor form) under the Securities Act or any similar offering in
other jurisdictions or other securities of the Company or any Parent Entity and (b) issuances of Capital Stock to any Subsidiary
of the Company or (y) a cash equity contribution to the Company.

 

“Euro” means the single currency
of participating member states of the economic and monetary union as contemplated in the Treaty on European Union.

 

“Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder, as amended.

 

“Excluded Contribution” means
net cash proceeds or property or assets received by the Company as capital contributions to the equity (other than through the issuance
of Disqualified Stock or Designated Preferred Stock) of the Company after the Issue Date or from the issuance or sale (other than to a
Restricted Subsidiary or an employee stock ownership plan or trust established by the Company or any Subsidiary of the Company for the
benefit of their employees to the extent funded by the Company or any Restricted Subsidiary) of Capital Stock (other than Disqualified
Stock or Designated Preferred Stock) of the Company, in each case, to the extent designated as an Excluded Contribution pursuant to an
Officer’s Certificate of the Company.

 

“Existing
Notes” means the Existing Secured Notes and the Existing Unsecured Notes.

 

“Existing Notes Issue Date”
means February 8, 2019.

 

“Existing Notes Transaction Expenses”
means any fees, costs and expenses (including all legal, accounting and other professional fees, costs and expenses) incurred or paid
by the Company or any Restricted Subsidiary associated or in connection with the Existing Notes Transactions, including any fees, costs
and expenses associated with payments or distributions to dissenting stockholders (including in connection with, or as a result of, exercise
of dissenters’ or appraisal rights and the settlement of any claims or action (whether actual, contingent or potential) with respect
thereto).

 

“Existing Notes Transactions”
means the Acquisition, any transactions directly or indirectly related to the consummation of the Acquisition pursuant to the Acquisition
Agreement, the issuance of the Series A Preferred Stock, the issuance of the Existing Notes, borrowings under the Credit Agreement
made substantially concurrently with the issuance of the Existing Notes, the payment of the Existing Notes Transaction Expenses, other
related transactions as described in the offering memorandum related to the offering of the Existing Notes and the consummation of any
other transaction in connection with the foregoing.

 

“Existing Secured Notes” means
the 6.875% Senior First Lien Notes due 2026 issued by the Company on February 8, 2019.

 

“Existing Unsecured Notes” means
the 10.250% Senior Notes due 2027 issued by the Company on February 8, 2019.

 

“fair market value” may be conclusively
established by means of an Officer’s Certificate or resolutions of the Board of Directors setting out such fair market value as
determined by such Officer or such Board of Directors in good faith.

 

“Fitch” means Fitch Ratings, Inc.
or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization.

 

“Fixed Charge Coverage Ratio”
means, with respect to any Person on any determination date, the ratio of Consolidated EBITDA of such Person for the most recent four
consecutive fiscal quarters ending immediately prior to such determination date (the “reference period”) for which
consolidated financial statements are available (which may be internal consolidated financial statements) to the Fixed Charges of such
Person for the reference period. In the event that the Company or any Restricted Subsidiary incurs, assumes, guarantees, redeems, defeases,
retires or extinguishes any Indebtedness (other than Indebtedness incurred under any revolving credit facility unless such Indebtedness
has been permanently repaid and has not been replaced), has caused any Reserved Indebtedness Amount to be deemed to be incurred during
such period or issues or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the reference period but prior
to or simultaneously with the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Fixed Charge Coverage
Ratio Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence,
deemed incurrence, assumption, guarantee, redemption, defeasance, retirement or extinguishment of Indebtedness, or such issuance or redemption
of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period.

 

    	 	-18-	 

     

    

 

For purposes of making the computation referred
to above, any Investments, acquisitions, dispositions, mergers, amalgamations, consolidations and disposed operations that have been made
by the Company or any of its Restricted Subsidiaries, during the reference period or subsequent to the reference period and on or prior
to or simultaneously with the Fixed Charge Coverage Ratio Calculation Date shall be calculated on a pro forma basis assuming that all
such Investments, acquisitions, dispositions, mergers, amalgamations, consolidations and disposed operations (and the change in any associated
fixed charge obligations and the change in Consolidated EBITDA resulting therefrom) had occurred on the first (1st) day of the reference
period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged or amalgamated
with or into the Company or any of its Restricted Subsidiaries since the beginning of such period shall have made any Investment, acquisition,
disposition, merger, amalgamation, consolidation or disposed or discontinued operation that would have required adjustment pursuant to
this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment,
acquisition, disposition, merger, amalgamation, consolidation or disposed operation had occurred at the beginning of the reference period.

 

For purposes of this definition, whenever pro forma
effect is to be given to a transaction (including the Transactions), the pro forma calculations shall be made in good faith by a responsible
financial or chief accounting officer of the Company (and may include, for the avoidance of doubt, cost savings, operating expenses reductions
and synergies resulting from such transactions which is being given pro forma effect; provided that such adjustments (other than
with respect to the Transactions and any adjustments made in accordance with Regulation S-X), together with any adjustments pursuant to
clause (1)(g)(ii) of the definition of “Consolidated EBITDA,” shall not exceed 30.0% of Consolidated EBITDA for the applicable
period (calculated after giving effect to any pro forma adjustments)). If any Indebtedness bears a floating rate of interest and is being
given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Fixed Charge Coverage Ratio
Calculation Date had been the applicable rate for the entire reference period (taking into account any Hedging Obligations applicable
to such Indebtedness). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined
by a responsible financial or accounting officer of the Company to be the rate of interest implicit in such Capitalized Lease Obligation
in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit
facility computed with a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the reference
period except as set forth in the first paragraph of this definition. Interest on Indebtedness that may optionally be determined at an
interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be determined
to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen as the Company may designate.

 

“Fixed Charges” means, with
respect to any Person for any period, the sum of (without duplication):

 

(1)            Consolidated
Interest Expense of such Person for such Period;

 

(2)            all
cash dividends or other distributions paid (excluding items eliminated in consolidation) on any series of Preferred Stock of any Restricted
Subsidiary of such Person during such period; and

 

(3)            all
cash dividends or other distributions paid (excluding items eliminated in consolidation) on any series of Disqualified Stock of such Person
during such period.

 

“Foreign Subsidiary” means,
with respect to any Person, any Subsidiary of such Person that is not organized or existing under the laws of the United States of America
or any state thereof, or the District of Columbia, and any Subsidiary of such Subsidiary.

 

    	 	-19-	 

     

    

 

“GAAP” means generally accepted
accounting principles in the United States of America 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 have been approved by a significant segment of the accounting profession, which are
in effect from time to time; provided that all terms of an accounting or financial nature used in this Indenture shall be construed,
and all computations of amounts and ratios referred to in this Indenture shall be made (a) without giving effect to any election
under Accounting Standards Codification Topic 825—Financial Instruments, or any successor thereto or comparable accounting principle
(including pursuant to the Accounting Standards Codification), to value any Indebtedness of the Company or any Subsidiary at “fair
value,” as defined therein and (b) the amount of any Indebtedness under GAAP with respect to Capitalized Lease Obligations
shall be determined in accordance with the definition of Capitalized Lease Obligations. At any time after the Issue Date, the Company
may elect to apply IFRS accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter
be construed to mean IFRS (except as otherwise provided in this Indenture); provided that any such election, once made, shall be
irrevocable; provided, further, any calculation or determination in this Indenture that requires the application of GAAP for periods
that include fiscal quarters ended prior to the Company’s election to apply IFRS shall remain as previously calculated or determined
in accordance with GAAP. The Company shall give notice of any such election made in accordance with this definition to the Trustee. For
the avoidance of doubt, solely making an election (without any other action) referred to in this definition will not be treated as an
incurrence of Indebtedness.

 

If there occurs a change in IFRS or GAAP, as the
case may be, and such change would cause a change in the method of calculation of any term or measure used in this Indenture (an “Accounting
Change”), then the Company may elect, as evidenced by a written notice of the Company to the Trustee, that such term or measure
shall be calculated as if such Accounting Change had not occurred.

 

“Guarantee” means, any obligation,
contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person, including any such obligation,
direct or indirect, contingent or otherwise, of such Person:

 

(1)            to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by
virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take-or-pay or
to maintain financial statement conditions or otherwise); or

 

(2)            entered
into primarily for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such
obligee against loss in respect thereof (in whole or in part),

 

provided,
however, that the term “Guarantee” will not include (x) endorsements for collection or deposit in the ordinary
course of business or consistent with past practice and (y) standard contractual indemnities or product warranties provided in the
ordinary course of business, and provided, further, that the amount of any Guarantee shall be deemed to be the lower of (i) an
amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made and (ii) the
maximum amount for which such guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Guarantee or, if
such Guarantee is not an unconditional guarantee of the entire amount of the primary obligation and such maximum amount is not stated
or determinable, the amount of such guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined
by such Person in good faith. The term “Guarantee” used as a verb has a corresponding meaning.

 

“Guarantor” means any Restricted
Subsidiary that Guarantees the Notes, until such Note Guarantee is released in accordance with the terms of this Indenture.

 

“Hedging Obligations” means,
with respect to any Person, the obligations of such Person under any interest rate swap agreement, interest rate cap agreement, interest
rate collar agreement, commodity swap agreement, commodity cap agreement, commodity collar agreement, foreign exchange contracts, currency
swap agreement or similar agreement providing for the transfer or mitigation of interest rate, commodity price or currency risks either
generally or under specific contingencies.

 

“Holder” means each Person in
whose name the Notes are registered on the Registrar’s books, which shall initially be the nominee of DTC.

 

“Holding Company” means any
Person so long as such Person directly or indirectly holds 100% of the total voting power of the Voting Stock of the Company, and at the
time such Person acquired such voting power, no Person and no group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of
the Exchange Act, or any successor provision), including any such group acting for the purpose of acquiring, holding or disposing of securities
(within the meaning of Rule 13d-5(b)(1) under the Exchange Act) (other than any Permitted Holder), shall have beneficial ownership
(within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision), directly or indirectly, of more than 50% of
the total voting power of the Voting Stock of such Person.

 

    	 	-20-	 

     

    

 

“IAI” means an institutional
 “accredited investor” as described in Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under the Securities Act.

 

“IFRS” means the International
Financial Reporting Standards as issued by the International Accounting Standards Board as in effect from time to time.

 

“Immaterial Subsidiary” means,
at any date of determination, each Restricted Subsidiary of the Company that (i) has not guaranteed any other Indebtedness of the
Company and (ii) has Total Assets and revenues of less than 5.0% of Total Assets and, together with all other Immaterial Subsidiaries
(as determined in accordance with GAAP), has Total Assets and revenues of less than 10.0% of Total Assets, in each case, measured at the
end of the most recent fiscal period for which consolidated financial statements are available (which may be internal consolidated financial
statements) and revenues on a pro forma basis giving effect to any acquisitions or dispositions of companies, division or lines of business
since such balance sheet date or the start of such four quarter period, as applicable, and on or prior to the date of acquisition of such
Subsidiary.

 

“Immediate Family Members” means,
with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent,
spouse, former spouse, qualified domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law (including adoptive
relationships) and any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing
individuals or any private foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which
any such individual is the donor.

 

“incur” means issue, create,
assume, enter into any Guarantee of, incur, extend or otherwise become liable for; provided, however, that any Indebtedness
or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, amalgamation, consolidation,
acquisition or otherwise) will be deemed to be incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary and
the terms “incurred” and “incurrence” have meanings correlative to the foregoing and any Indebtedness pursuant
to any revolving credit or similar facility shall only be “incurred” at the time any funds are borrowed thereunder.

 

“Indebtedness” means, with respect
to any Person on any date of determination (without duplication):

 

(1)            the
principal of indebtedness of such Person for borrowed money;

 

(2)            the
principal of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments;

 

(3)            all
reimbursement obligations of such Person in respect of letters of credit, bankers’ acceptances or other similar instruments (the
amount of such obligations being equal at any time to the aggregate then undrawn and unexpired amount of such letters of credit or other
instruments plus the aggregate amount of drawings thereunder that have not been reimbursed) (except to the extent such reimbursement obligations
relate to trade payables and such obligations are satisfied within 30 days of incurrence);

 

(4)            the
principal component of all obligations of such Person to pay the deferred and unpaid purchase price of property (except trade payables
or similar obligations, including accrued expenses owed, to a trade creditor), which purchase price is due more than one year after the
date of placing such property in service or taking final delivery and title thereto;

 

(5)            Capitalized
Lease Obligations of such Person;

 

(6)            the
principal component of all obligations, or liquidation preference, of such Person with respect to any Disqualified Stock or, with respect
to any Restricted Subsidiary, any Preferred Stock (but excluding, in each case, any accrued dividends);

 

(7)            the
principal component of all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness
is assumed by such Person; provided, however, that the amount of such Indebtedness will be the lesser of (a) the fair
market value of such asset at such date of determination (as determined in good faith by the Company) and (b) the amount of such
Indebtedness of such other Persons;

 

    	 	-21-	 

     

    

 

(8)            Guarantees
by such Person of the principal component of Indebtedness of the type referred to in clauses (1), (2), (3), (4), (5) and (9) of
other Persons to the extent Guaranteed by such Person; and

 

(9)            to
the extent not otherwise included in this definition, net obligations of such Person under Hedging Obligations (the amount of any such
obligations to be equal at any time to the net payments under such agreement or arrangement giving rise to such obligation that would
be payable by such Person at the termination of such agreement or arrangement);

 

with respect to clauses (1), (2), (4) and
(5) above, if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging Obligations) would
appear as a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP.

 

The amount of Indebtedness of any Person at any
time in the case of a revolving credit or similar facility shall be the total amount of funds borrowed and then outstanding. The amount
of any Indebtedness outstanding as of any date shall be (a) the accreted value thereof in the case of any Indebtedness issued with
original issue discount and (b) the principal amount of Indebtedness, or liquidation preference thereof, in the case of any other
Indebtedness. Indebtedness shall be calculated without giving effect to the effects of Accounting Standards Codification Topic 815—Derivatives
and Hedging and related pronouncements to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any
purpose under this Indenture as a result of accounting for any embedded derivatives created by the terms of such Indebtedness.

 

Notwithstanding the above provisions, in no event
shall the following constitute Indebtedness:

 

(i)            Contingent
Obligations incurred in the ordinary course of business or consistent with past practice, other than Guarantees or other assumptions of
Indebtedness;

 

(ii)            Cash
Management Obligations;

 

(iii)           any
lease, concession or license of property (or Guarantee thereof) which would be considered an operating lease under GAAP as in effect on
the Issue Date, Non-Financing Lease Obligations or any prepayments of deposits received from clients or customers in the ordinary course
of business or consistent with past practice;

 

(iv)           obligations
under any license, permit or other approval (or Guarantees given in respect of such obligations) incurred prior to the Issue Date or in
the ordinary course of business or consistent with past practice;

 

(v)            in
connection with the purchase by the Company or any Restricted Subsidiary of any business, any deferred or prepaid revenue, post-closing
payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet
or such payment depends on the performance of such business after the closing; provided, however, that, at the time of closing,
the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and determined, the amount
is paid in a timely manner;

 

(vi)           for
the avoidance of doubt, any obligations in respect of workers’ compensation claims, early retirement or termination obligations,
pension fund obligations or contributions or similar claims, obligations or contributions or social security or wage Taxes;

 

(vii)          obligations
under or in respect of Qualified Securitization Transactions or Receivables Facilities;

 

(viii)         Indebtedness
of any Parent Entity appearing on the balance sheet of the Company solely by reason of push down accounting under GAAP;

 

(ix)            Capital
Stock (other than in the case of clause (6) above, Disqualified Stock); or

 

(x)            amounts
owed to dissenting stockholders (including in connection with, or as a result of, exercise of dissenters’ or appraisal rights and
the settlement of any claims or action (whether actual, contingent or potential)), pursuant to or in connection with a consolidation,
amalgamation, merger or transfer of assets that complies with ‎Section 4.1.

 

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

 

    	 	-22-	 

     

    

 

“Independent Financial Advisor”
means an accounting, appraisal, investment banking firm or consultant to Persons engaged in Similar Businesses of nationally recognized
standing ; provided, however, that such firm or appraiser is not an Affiliate of the Company.

 

“Initial Notes” has the meaning
ascribed to it in the recitals of this Indenture.

 

“Initial
Purchasers” means Goldman Sachs & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Barclays
Capital Inc., Citigroup Global Markets Inc., RBC Capital Markets, LLC, Truist Securities, Inc., Wells Fargo Securities, LLC, Citizens
Capital Markets, Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC, TD Securities (USA) LLC, MUFG Securities Americas Inc.,
BMO Capital Markets Corp., Deutsche Bank Securities Inc., SMBC Nikko Securities America, Inc., Natixis Securities Americas LLC and
Jefferies LLC.

 

“Intercompany License Agreement”
means any cost sharing agreement, commission or royalty agreement, license or sublicense agreement, distribution agreement, services agreement,
intellectual property rights transfer agreement, any related agreements or similar agreements, in each case where all parties to such
agreement are one or more of the Company or a Restricted Subsidiary.

 

“Investment” means, with respect
to any Person, all investments by such Person in other Persons (including Affiliates) in the form of advances, loans or other extensions
of credit (excluding (i) accounts receivable, trade credit, advances or extensions of credit to customers, suppliers, future, present
or former directors, officers, employees, managers, contractors, consultants or advisors of any Person in the ordinary course of business
or consistent with past practice, (ii) any debt or extension of credit represented by a bank deposit other than a time deposit, (iii) intercompany
advances arising from cash management, tax and accounting operations and (iv) intercompany loans, advances or Indebtedness having
a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) 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 the incurrence of a
Guarantee of any obligation of, or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued
by, such other Persons and all other items that are or would be classified as investments on a balance sheet prepared in accordance with
GAAP; provided, however, that endorsements of negotiable instruments and documents in the ordinary course of business or
consistent with past practice will not be deemed to be an Investment.

 

For purposes of ‎Section 3.3 and
‎Section 3.20 hereof:

 

(1)            “Investment”
will include the portion (proportionate to the Company’s equity interest in a Restricted Subsidiary to be designated as an Unrestricted
Subsidiary) of the fair market value of the net assets of such Restricted Subsidiary at the time that such Restricted Subsidiary is designated
an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary,
the Company will be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive)
equal to (a) the Company’s “Investment” in such Subsidiary at the time of such redesignation less (b) the
portion (proportionate to the Company’s equity interest in such Subsidiary) of the fair market value of the net assets (as determined
by the Company) of such Subsidiary at the time that such Subsidiary is so redesignated a Restricted Subsidiary;

 

(2)            any
property transferred to or from an Unrestricted Subsidiary will be valued at its fair market value at the time of such transfer, in each
case as determined by the Company; and

 

(3)            if
the Company or any Restricted Subsidiary issues, sells or otherwise disposes of Capital Stock of a Person that is a Restricted Subsidiary
such that, after giving effect thereto, such Person is no longer a Restricted Subsidiary, any investment by the Company or any Restricted
Subsidiary in such Person remaining after giving effect thereto shall not be deemed to be an Investment at such time.

 

The amount of any Investment outstanding at any
time shall be the amount actually Invested, without adjustment for subsequent increases or decreases in the value of such Investment,
but net of any return in respect thereof, including by any dividend, distribution, interest payment, return of capital or principal, profit
on sale, repayment, income and similar amount.

 

    	 	-23-	 

     

    

 

“Investment Grade Securities”
means:

 

(1)            securities
issued or directly and fully Guaranteed or insured by the United States government or any agency or instrumentality thereof (other than
Cash Equivalents);

 

(2)            securities
issued or directly and fully guaranteed or insured by the Canadian, United Kingdom or Japanese governments, a member state of the European
Union, or any agency or instrumentality thereof (other than Cash Equivalents);

 

(3)            debt
securities or debt instruments with a rating of “BBB-” or higher from S&P or “Baa3” or higher by Moody’s
or the equivalent of such rating by such rating organization or, if no rating of Moody’s or S&P then exists, the equivalent
of such rating by any other Nationally Recognized Statistical Ratings Organization, but excluding any debt securities or instruments constituting
loans or advances among the Company and its Subsidiaries;

 

(4)            investments
in any fund that invests exclusively in investments of the type described in clauses (1), (2) and (3) above which fund may also
hold cash and Cash Equivalents pending investment or distribution; and

 

(5)            corresponding
instruments in countries other than the United States customarily utilized for high quality investments.

 

“Investment Grade Status” shall
occur when the Notes receive two of the following:

 

(1)            a
rating of “BBB-” or higher from S&P;

 

(2)            a
rating of “Baa3” or higher from Moody’s; or

 

(3)            a
rating of “BBB-” or higher from Fitch;

 

or the equivalent of such rating by such rating
organization or, if no rating of S&P, Moody’s or Fitch then exists, the equivalent of such rating by any other Nationally Recognized
Statistical Ratings Organization.

 

“Investors” means, individually
or collectively, any fund, partnership, co-investment vehicles and/or similar vehicles or accounts, in each case managed or advised or
controlled by CC Capital Partners LLC, Thomas H. Lee Partners, L.P., Bilcar, LLC, Cannae Holdings, Inc., Black Knight, Inc.
or their Affiliates, or any of their respective successors.

 

“Issue Date” means December 20,
2021.

 

“Issuer” has the meaning assigned
to it in the recitals of this Indenture.

 

“Lien” means any mortgage, pledge,
security interest, encumbrance, lien, hypothecation or charge of any kind (including any conditional sale or other title retention agreement
or lease in the nature thereof); provided that in no event shall Non-Financing Lease Obligations be deemed to constitute a Lien.

 

“Limited Condition Transaction”
means (1) any Investment or acquisition (whether by merger, amalgamation, consolidation or other business combination or the acquisition
of Capital Stock or otherwise and which may include, for the avoidance of doubt, a transaction that may constitute a Change of Control),
whose consummation is not conditioned on the availability of, or on obtaining, third-party financing, (2) any Asset Disposition for
which a definitive agreement has been entered into, (3) any redemption, repurchase, defeasance, satisfaction and discharge or repayment
of Indebtedness, Disqualified Stock or Preferred Stock requiring irrevocable notice in advance of such redemption, repurchase, defeasance,
satisfaction and discharge or repayment and (4) any Restricted Payment requiring irrevocable notice in advance thereof.

 

“Long Derivative Instrument”
means a Derivative Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which
generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or
the payment or delivery obligations under which generally increase, with negative changes to the Performance References.

 

“LTM EBITDA” means Consolidated
EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination
for which consolidated financial statements are available (which may be internal financial statements), in each case with such pro forma
adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period
and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

 

    	 	-24-	 

     

    

 

“Management Advances” means
loans or advances made to, or Guarantees with respect to loans or advances made to, future, present or former employees, directors, officers,
managers, contractors, consultants or advisors (or their respective Controlled Investment Affiliates or Immediate Family Members) of any
Parent Entity, the Company or any Restricted Subsidiary:

 

(1)            (a) in
respect of travel, entertainment, relocation or moving related expenses, payroll advances and other analogous or similar expenses or payroll
expenses, in each case incurred in the ordinary course of business or consistent with past practice or (b) for purposes of funding
any such Person’s purchase of Capital Stock (or similar obligations) of the Company, its Subsidiaries or any Parent Entity with
(in the case of this clause (1)(b)) the approval of the Board of Directors of the Company;

 

(2)            in
respect of relocation or moving related expenses, payroll advances and other analogous or similar expenses or payroll expenses, in each
case incurred in connection with any closing or consolidation of any facility or office; or

 

(3)            not
exceeding $40.0 million and 5.0% of LTM EBITDA in the aggregate outstanding at the time of incurrence.

 

“Management Stockholders” means
the members of management of the Company (or any Parent Entity) or its Subsidiaries who are holders of Capital Stock of the Company or
of any Parent Entity on the Existing Notes Issue Date or became holders of such Capital Stock in connection with the Existing Notes Transactions.

 

“Market Capitalization” means
an amount equal to (i) the total number of issued and outstanding shares of common Capital Stock of the Company or any Parent Entity
on the date of the declaration of a Restricted Payment permitted pursuant to Section 3.3(b)(10) multiplied by (ii) the
arithmetic mean of the closing prices per share of such common Capital Stock on the principal securities exchange on which such common
Capital Stock are traded for the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment.

 

“Moody’s” means Moody’s
Investors Service, Inc. or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization.

 

“Nationally Recognized Statistical Rating
Organization” means a nationally recognized statistical rating organization within the meaning of Rule 436 under the Securities
Act.

 

“Net Available Cash” with respect
to any Asset Disposition, means cash proceeds received (including any cash proceeds received from the sale or other disposition of any
Designated Non-Cash Consideration received in any Asset Disposition, but only as and when received, but excluding any other consideration
received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that
are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

 

(1)            all
legal, accounting, consulting, investment banking, survey costs, title and recording expenses, title insurance premiums, payments made
in order to obtain a necessary consent or required by applicable law, brokerage and sales commissions, relocation expenses, commissions,
underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees) in connection with
such transaction;

 

(2)            all
Taxes paid, reasonably estimated to be payable, Tax reserves set aside or payable or accrued as a liability under GAAP (including, for
the avoidance of doubt, any income, withholding and other Taxes payable as a result of the distribution or deemed distribution of such
proceeds to the Company or any of its Subsidiaries, transfer taxes, deed or mortgage recording taxes and Taxes that would be payable in
connection with any repatriation of such proceeds), as a consequence of such transaction, including distributions for Related Taxes or
any transactions occurring or deemed to occur to effectuate a payment under this Indenture;

 

(3)            all
payments made on any Indebtedness which is secured by any assets subject to such transaction, in accordance with the terms of any Lien
upon such assets, or which by applicable law are required to be repaid out of the proceeds from such transaction;

 

    	 	-25-	 

     

    

 

(4)            all
distributions and other payments required to be made to non-controlling interest or minority interest holders (other than any Parent Entity,
the Company or any of its respective Subsidiaries) in Subsidiaries or joint ventures as a result of such transaction;

 

(5)            all
costs associated with unwinding any related Hedging Obligations in connection with such transaction;

 

(6)            the
deduction of appropriate amounts required to be provided by the seller as a reserve, in accordance with GAAP, against any liabilities
associated with the assets disposed of in such transaction and retained by the Company or any Restricted Subsidiary after such transaction,
including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification
obligations associated with such transaction;

 

(7)            any
portion of the purchase price from such transaction placed in escrow, whether for the satisfaction of any indemnification obligations
in respect of such transaction, as a reserve for adjustments to the purchase price associated with any such transaction or otherwise in
connection with such transaction; and

 

(8)            the
amount of any liabilities (other than Indebtedness in respect of the Credit Agreement, the Notes and the Existing Secured Notes) directly
associated with such asset being sold and retained by the Company or any of its Restricted Subsidiaries.

 

“Net Short” means, with respect
to a Holder or beneficial owner, as of a date of determination, either (i) the value of its Short Derivative Instruments exceeds
the sum of the (x) the value of its Notes plus (y) the value of its Long Derivative Instruments as of such date of determination
or (ii) it is reasonably expected that such would have been the case were a Failure to Pay or Bankruptcy Credit Event (each as defined
in the 2014 ISDA Credit Derivatives Definitions) to have occurred with respect to the Company or any Guarantor immediately prior to such
date of determination.

 

“Non-Financing Lease Obligation”
means a lease obligation that is not required to be accounted for as a financing or capital lease in accordance with GAAP. For the avoidance
of doubt, an operating lease shall be considered a Non-Financing Lease Obligation.

 

“Non-Guarantor” means any Restricted
Subsidiary that is not a Guarantor.

 

“Non-U.S. Person” means a Person
who is not a U.S. Person (as defined in Regulation S).

 

“Note Documents” means the Notes
(including Additional Notes), the Note Guarantees and this Indenture.

 

“Note Guarantees” means the
Guarantees of the Initial Notes and any Additional Notes.

 

“Notes” has the meaning ascribed
to it in the recitals of this Indenture.

 

“Notes Custodian” means the
custodian with respect to the Global Notes (as appointed by DTC) or any successor Person thereto, and shall initially be the Trustee.

 

“Obligations” means any
principal, interest (including Post-Petition Interest and fees accruing on or after the filing of any petition in bankruptcy or for reorganization
relating to the Issuer or any Guarantor whether or not a claim for Post-Petition Interest or fees is allowed in such proceedings), penalties,
fees, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and bankers’ acceptances),
damages and other liabilities payable under the documentation governing any Indebtedness.

 

“Offering Memorandum” means
the final offering memorandum dated December 8, 2021, relating to the offering by the Issuer of $460.0 million principal amount of
its 5.00% Senior Notes due 2029 and any future offering memorandum relating to Additional Notes.

 

“Officer” means, with respect
to any Person, (1) the Chairman of the Board of Directors, the Chief Executive Officer, the President, the Chief Financial Officer,
any Vice President, the Treasurer, any Assistant Treasurer, any Managing Director, the Secretary or any Assistant Secretary (a) of
such Person or (b) if such Person is owned or managed by a single entity, of such entity, or (2) any other individual designated
as an “Officer” for the purposes of this Indenture by the Board of Directors of such Person.

 

    	 	-26-	 

     

    

 

“Officer’s Certificate”
means, with respect to any Person, a certificate signed by one Officer of such Person.

 

“Opinion of Counsel” means a
written opinion from legal counsel who is reasonably satisfactory to the Trustee. The counsel may be an employee of or counsel to the
Company or its Subsidiaries.

 

“Parent Entity” means any direct
or indirect parent of the Company.

 

“Parent Entity Expenses” means:

 

(1)            fees,
costs and expenses (including all legal, accounting and other professional fees, costs and expenses) incurred or paid by any Parent Entity
in connection with reporting obligations under or otherwise incurred or paid in connection with compliance with applicable laws, rules or
regulations of any governmental, regulatory or self-regulatory body or stock exchange, this Indenture, the Credit Agreement, the indenture
governing the Existing Secured Notes or any other agreement or instrument relating to the Notes, the Existing Secured Notes, the Guarantees
or any other Indebtedness of the Company or any Restricted Subsidiary, including in respect of any reports filed or delivered with respect
to the Securities Act, Exchange Act or the respective rules and regulations promulgated thereunder;

 

(2)            customary
salary, bonus, severance, indemnity, insurance (including premiums therefor) and other benefits payable to any employee, director, officer,
manager, contractor, consultant or advisor of any Parent Entity or other Persons under its articles, charter, by-laws, partnership agreement
or other organizational documents or pursuant to written agreements with any such Person to the extent relating to the Company and its
Subsidiaries;

 

(3)            (x) general
corporate operating and overhead fees, costs and expenses, (including all legal, accounting and other professional fees, costs and expenses)
and, following the first public offering of the Company’s Capital Stock or the Capital Stock of any Parent Entity, listing fees
and other costs and expenses attributable to being a publicly traded company of any Parent Entity and (y) other operational expenses
of any Parent Entity related to the ownership or operation of the business of the Company or any of the Restricted Subsidiaries;

 

(4)            expenses
incurred by any Parent Entity in connection with (i) any offering, sale, conversion or exchange of Capital Stock or Indebtedness
(whether or not successful) and (ii) any related compensation paid to employees, directors, officers, managers, contractors, consultants
or advisors (or their respective Controlled Investment Affiliates or Immediate Family Members) of such Parent Entity;

 

(5)            amounts
payable pursuant to any management services or similar agreements or the management services provisions in an investor rights agreement
or other equityholders’ agreement in effect on the Issue Date (including any amendment thereto or replacement thereof so long as
any such amendment or replacement is not materially disadvantageous in the reasonable determination of the Company to the Holders when
taken as a whole, as compared to the management services or similar agreements as in effect immediately prior to such amendment or replacement),
solely to the extent such amounts are not paid directly by the Company or its Subsidiaries; and

 

(6)            amounts
to finance Investments that would otherwise be permitted to be made pursuant to ‎Section 3.3 hereof if made by the Company
or a Restricted Subsidiary; provided that (A) such Restricted Payment shall be made substantially concurrently with the closing
of such Investment, (B) such Parent Entity shall, immediately following the closing thereof, cause (1) all property acquired
(whether assets or Capital Stock) to be contributed to the capital of the Company or one of its Restricted Subsidiaries or (2) the
merger, consolidation or amalgamation of the Person formed or acquired into the Company or one of its Restricted Subsidiaries (to the
extent not prohibited by ‎Section 4.1 hereof) in order to consummate such Investment, (C) such Parent Entity and
its Affiliates (other than the Company or a Restricted Subsidiary) receives no consideration or other payment in connection with such
transaction except to the extent the Company or a Restricted Subsidiary could have given such consideration or made such payment in compliance
with this Indenture and such consideration or other payment is included as a Restricted Payment under this Indenture, (D) any property
received by the Company shall not increase amounts available for Restricted Payments pursuant to Section 3.3(a)(iii) and
(E) such Investment shall be deemed to be made by the Company or such Restricted Subsidiary pursuant to another provision of the
covenant described in ‎Section 3.3 or pursuant to the definition of “Permitted Investment.”

 

    	 	-27-	 

     

    

 

“Pari Passu Indebtedness”
means Indebtedness of the Issuer which ranks equally in right of payment to the Notes or of any Guarantor if such Indebtedness ranks equally
in right of payment to the Guarantees of the Notes.

 

“Paying Agent” means any Person
authorized by the Issuer to pay the principal of (and premium, if any) or interest on any Note on behalf of the Issuer.

 

“Permitted Asset Swap” means
the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash,
Cash Equivalents between the Company or any of the Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents
received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with ‎Section 3.5
hereof.

 

“Permitted Holders” means, collectively,
(i) the Investors, (ii) the Management Stockholders (including any Management Stockholders holding Capital Stock through an
equityholding vehicle), (iii) any Person who is acting solely as an underwriter in connection with a public or private offering of
Capital Stock of any Parent Entity or the Company, acting in such capacity, (iv) any group (within the meaning of Section 13(d)(3) or
Section 14(d)(2) of the Exchange Act or any successor provision) of which any of the foregoing, any Holding Company, Permitted
Plan or any Person or group that becomes a Permitted Holder specified in the last sentence of this definition are members and any member
of such group; provided that, in the case of such group and without giving effect to the existence of such group or any other group,
Persons referred to in subclauses (i) through (iii), collectively, have beneficial ownership of more than 50% of the total voting
power of the Voting Stock of the Company or any Parent Entity held by such group, (v) any Holding Company and (vi) any Permitted
Plan. Any Person or group whose acquisition of beneficial ownership constitutes a Change of Control in respect of which a Change of Control
Offer is made or waived in accordance with the requirements of this Indenture, will thereafter, together with its Affiliates, constitute
an additional Permitted Holder.

 

“Permitted Intercompany Activities”
means any transactions between or among the Company and its Restricted Subsidiaries that are entered into in the ordinary course of business
or consistent with past practice of the Company and its Restricted Subsidiaries and, in the reasonable determination of the Company are
necessary or advisable in connection with the ownership or operation of the business of the Company and its Restricted Subsidiaries, including
(i) payroll, cash management, purchasing, insurance and hedging arrangements; (ii) management, technology and licensing arrangements;
and (iii) customary loyalty and rewards programs; and (B) between or among the Company, its Restricted Subsidiaries and any
captive insurance subsidiaries.

 

“Permitted Investment” means
(in each case, by the Company or any of the Restricted Subsidiaries):

 

(1)            Investments
in (a) a Restricted Subsidiary (including the Capital Stock of, or guarantees of obligations of, a Restricted Subsidiary) or the
Company or (b) a Person (including the Capital Stock of any such Person) that will, upon the making of such Investment, become a
Restricted Subsidiary;

 

(2)            Investments
in another Person if such Person is engaged, directly or through entities that will be Restricted Subsidiaries, in any Similar Business
and as a result of such Investment such other Person, in one transaction or a series of transactions, is merged, amalgamated, consolidated
or otherwise combined with or into, or transfers or conveys all or substantially all its assets (or such division, business unit, product
line or business) to, or is liquidated into, the Company or a Restricted Subsidiary, and any Investment held by such Person; provided
that such Investment was not acquired by such Person in contemplation of such acquisition, merger, amalgamation, consolidation, combination,
transfer or conveyance;

 

(3)            Investments
in cash, Cash Equivalents or Investment Grade Securities;

 

(4)            Investments
in receivables owing to the Company or any Restricted Subsidiary created or acquired in the ordinary course of business or consistent
with past practice;

 

(5)            Investments
in payroll, travel, entertainment, relocation, moving related and similar advances that are made in the ordinary course of business or
consistent with past practice;

 

(6)            Management
Advances;

 

    	 	-28-	 

     

    

 

(7)            Investments
(including debt obligations and equity interests) (a) received in settlement, compromise or resolution of debts created in the ordinary
course of business or consistent with past practice, (b) in exchange for any other Investment or accounts receivable, endorsements
for collection or deposit held by the Company or any such Restricted Subsidiary, (c) as a result of foreclosure, perfection or enforcement
of any Lien, (d) in satisfaction of judgments or (e) pursuant to any plan of reorganization or similar arrangement including
upon the bankruptcy or insolvency of a debtor or litigation, arbitration or other disputes or otherwise with respect to any secured Investment
or other transfer of title with respect to any secured Investment in default;

 

(8)            Investments
made as a result of the receipt of promissory notes or other non-cash consideration (including earn-outs) from a sale or other disposition
of property or assets, including an Asset Disposition;

 

(9)            Investments
existing or pursuant to binding commitments, agreements or arrangements in effect on the Existing Notes Issue Date or the Issue Date and
any modification, replacement, renewal, reinvestment or extension thereof; provided that the amount of any such Investment may
not be increased except (i) as required by the terms of such Investment or binding commitment as in existence on the Existing Notes
Issue Date or the Issue Date (including in respect of any unused commitment), plus any accrued but unpaid interest (including any accretion
of interest, original issue discount or the issuance of pay-in-kind securities) and premium payable by the terms of such Indebtedness
thereon and fees and expenses associated therewith as of the Existing Notes Issue Date or the Issue Date or (ii) as otherwise permitted
under this Indenture;

 

(10)          Hedging
Obligations, which transactions or obligations not prohibited by ‎Section 3.2 hereof;

 

(11)          pledges
or deposits with respect to leases or utilities provided to third parties in the ordinary course of business or Liens otherwise described
in the definition of “Permitted Liens” or made in connection with Liens permitted under ‎Section 3.6 hereof;

 

(12)          any
Investment to the extent made using Capital Stock of the Company (other than Disqualified Stock) or Capital Stock of any Parent Entity
or any Unrestricted Subsidiary as consideration;

 

(13)          any
transaction to the extent constituting an Investment that is permitted by and made in accordance with ‎Section 3.8(b) hereof
(except those described in Section 3.8(b)(1), (4), (8), (9), (14) and (22));

 

(14)          Investments
consisting of (i) purchases or other acquisitions of inventory, supplies, materials, equipment and similar assets or (ii) licenses,
sublicenses, cross-licenses, leases, subleases, assignments, contributions or other Investments of intellectual property or other intangibles
or services in the ordinary course of business pursuant to any joint development, joint venture or marketing arrangements with other Persons
or any Intercompany License Agreement and any other Investments made in connection therewith;

 

(15)          (i) Guarantees
of Indebtedness not prohibited by ‎Section 3.2 hereof and (other than with respect to Indebtedness) guarantees, keepwells
and similar arrangements in the ordinary course of business or consistent with past practice, and (ii) performance guarantees and
Contingent Obligations with respect to obligations that are permitted by this Indenture;

 

(16)          Investments
consisting of earnest money deposits required in connection with a purchase agreement, or letter of intent, or other acquisitions to the
extent not otherwise prohibited by this Indenture;

 

(17)          Investments
of a Restricted Subsidiary acquired after the Issue Date or of an entity merged or amalgamated into or consolidated with the Company or
merged or amalgamated into or consolidated with a Restricted Subsidiary after the Issue Date to the extent that such Investments were
not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the
date of such acquisition, merger, amalgamation or consolidation;

 

(18)          any
Investment in any Subsidiary or any joint venture in the ordinary course of business or consistent with past practice in connection with
any cash management arrangements, cash pooling arrangements, intercompany loans and activities related thereto;

 

(19)          contributions
to a “rabbi” trust for the benefit of any employee, director, officer, manager, contractor, consultant, advisor or other service
providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Company, and Investments relating to
non-qualified deferred payment plans in the ordinary course of business or consistent with past practice;

 

    	 	-29-	 

     

    

 

(20)          Investments
in joint ventures and similar entities and Unrestricted Subsidiaries having an aggregate fair market value, when taken together with all
other Investments made pursuant to this clause that are at the time outstanding, not to exceed the greater of $185.0 million and 22.5%
of LTM EBITDA at the time of such Investment (with the fair market value of each Investment being measured at the time made and without
giving effect to subsequent changes in value), plus the amount of any returns (including dividends, payments, interest, distributions,
returns of principal, profits on sale, repayments, income and similar amounts) in respect of such Investments (without duplication for
purposes of ‎Section 3.3 of any amounts applied pursuant to Section 3.3(a)(iii)) with the fair market value
of each Investment being measured at the time made and without giving effect to subsequent changes in value; provided, however,
that if any Investment pursuant to this clause is made in any Person that is not the Company or a Restricted Subsidiary at the date of
the making of such Investment and such Person becomes the Company or a Restricted Subsidiary after such date, such Investment shall thereafter
be deemed to have been made pursuant to clause (1) or (2) above and shall cease to have been made pursuant to this clause;

 

(21)         additional
Investments having an aggregate fair market value, taken together with all other Investments made pursuant to this clause that are at
that time outstanding, not to exceed the greater of $365.0 million and 45.0% of LTM EBITDA (with the fair market value of each Investment
being measured at the time made and without giving effect to subsequent changes in value), plus the amount of any returns (including dividends,
payments, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) in respect of such Investments
(without duplication for purposes of ‎Section 3.3 of any amounts applied pursuant to Section 3.3(a)(iii) with
the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value; provided,
however, that if any Investment pursuant to this clause is made in any Person that is not the Company or a Restricted Subsidiary at
the date of the making of such Investment and such Person becomes the Company or a Restricted Subsidiary after such date, such Investment
shall thereafter be deemed to have been made pursuant to clause (1) or (2) above and shall cease to have been made pursuant
to this clause;

 

(22)          any
Investment in a Similar Business having an aggregate fair market value, taken together with all other Investments made pursuant to this
clause that are at that time outstanding, not to exceed the greater of $285.0 million and 35.0% of LTM EBITDA (with the fair market value
of each Investment being measured at the time made and without giving effect to subsequent changes in value), plus the amount of any returns
(including dividends, payments, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts)
in respect of such Investments (without duplication for purposes of ‎Section 3.3 of any amounts applied pursuant to Section 3.3(a)(iii))
with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value;
provided, however, that if any Investment pursuant to this clause is made in any Person that is not the Company or a Restricted
Subsidiary at the date of the making of such Investment and such Person becomes the Company or a Restricted Subsidiary after such date,
such Investment shall thereafter be deemed to have been made pursuant to clause (1) or (2) above and shall cease to have
been made pursuant to this clause;

 

(23)          (i) Investments
arising in connection with a Qualified Securitization Financing or Receivables Facility and (ii) distributions or payments of Securitization
Fees and purchases of Securitization Assets or Receivables Assets in connection with a Qualified Securitization Financing or Receivables
Facility;

 

(24)          Investments
in connection with the Transactions;

 

(25)          repurchases
of Notes or the Existing Secured Notes;

 

(26)          Investments
by an Unrestricted Subsidiary entered into prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary as
described under ‎Section 3.20;

 

(27)          guaranty
and indemnification obligations arising in connection with surety bonds issued in the ordinary course of business or consistent with past
practice;

 

(28)          Investments
(a) consisting of purchases and acquisitions of assets or services in the ordinary course of business or consistent with past practice,
(b) made in the ordinary course of business or consistent with past practice in connection with obtaining, maintaining or renewing
client, franchisee and customer contacts and loans or (c) advances, loans, extensions of credit (including the creation of receivables)
or prepayments made to, and guarantees with respect to obligations of, franchisees, distributors, suppliers, lessors, licensors and licensees
in the ordinary course of business or consistent with past practice;

 

    	 	-30-	 

     

    

 

(29)          Investments
in prepaid expenses, negotiable instruments held for collection and lease, utility and workers compensation, performance and similar deposits
entered into as a result of the operations of the business in the ordinary course of business or consistent with past practice;

 

(30)          Investments
consisting of UCC Article 3 endorsements for collection or deposit and Article 4 trade arrangements with customers (or any comparable
or similar provisions in other applicable jurisdictions) in the ordinary course of business or consistent with past practices;

 

(31)          non-cash
Investments in connection with tax planning and reorganization activities, and Investments in connection with Permitted Intercompany Activities
or Permitted Tax Restructuring;

 

(32)          Investments
made from casualty insurance proceeds in connection with the replacement, substitution, restoration or repair of assets on account of
a Casualty Event; and

 

(33)          any
other Investment so long as, immediately after giving pro forma effect to the Investment and the incurrence of any Indebtedness the net
proceeds of which are used to make such Investment, the Consolidated Total Leverage Ratio shall be no greater than 4.50 to 1.00.

 

“Permitted Liens” means, with
respect to any Person:

 

(1)            Liens
on assets or property of a Restricted Subsidiary that is not a Guarantor securing Indebtedness and other Obligations of any Restricted
Subsidiary that is not a Guarantor;

 

(2)            pledges,
deposits or Liens (a) in connection with workmen’s compensation laws, payroll taxes, unemployment insurance laws, employers’
health tax and other social security laws or similar legislation or other insurance related obligations (including in respect of deductibles,
self-insured retention amounts and premiums and adjustments thereto), (b) securing liability, reimbursement or indemnification obligations
of (including obligations in respect of letters of credit or bank guarantees or similar instruments) for the benefit of insurance carriers
under insurance or self-insurance arrangements or otherwise supporting the payments of items set forth in the foregoing clause (a), or
(c) in connection with bids, tenders, completion guarantees, contracts, leases, utilities, licenses, public or statutory obligations,
or to secure the performance of bids, trade contracts, government contracts and leases, statutory obligations, surety, stay, indemnity,
warranty, release, judgment, customs, appeal, performance bonds, guarantees of government contracts, return of money bonds, bankers’
acceptance facilities and obligations of a similar nature (including those to secure health, safety and environmental obligations), and
obligations in respect of letters of credit, bank guarantees or similar instruments that have been posted to support the same, or as security
for contested taxes or import or customs duties or for the payment of rent, or other obligations of like nature, in each case incurred
in the ordinary course of business or consistent with past practice;

 

(3)            Liens
with respect to outstanding motor vehicle fines and Liens imposed by law or regulation, including carriers’, warehousemen’s,
mechanics’, landlords’, suppliers’, materialmen’s, repairmen’s, architects’, construction contractors’
or other similar Liens, in each case for amounts not overdue for a period of more than 60 days or, if more than 60 days overdue,
are unfiled and no other action has been taken to enforce such Liens or that are being contested in good faith by appropriate proceedings;

 

(4)            Liens
for Taxes, assessments or other governmental charges that are not overdue for a period of more than 60 days, not yet payable or not subject
to penalties for nonpayment or that are being contested in good faith by appropriate proceedings; provided that appropriate reserves
required pursuant to GAAP (or other applicable accounting principles) have been made in respect thereof, or for property Taxes on property
of the Company or one of its Subsidiaries has determined to abandon if the sole recourse for such Tax is to such property;

 

(5)            encumbrances,
charges, ground leases, easements (including reciprocal easement agreements), survey exceptions, restrictions, encroachments, protrusions,
by-law, regulation, zoning restrictions or reservations of, or rights of others for, licenses, rights of way, servitudes, sewers, electric
lines, drains, telegraph, telephone and cable television lines and other similar purposes, or zoning, building codes or other restrictions
(including minor defects and irregularities in title and similar encumbrances) as to the use of real properties, exceptions on title policies
insuring liens granted on any mortgaged properties or any other collateral or Liens incidental to the conduct of the business of such
Person or to the ownership of its properties, including servicing agreements, development agreements, site plan agreements, subdivision
agreements, facilities sharing agreements, cost sharing agreements and other similar agreements, charges or encumbrances, which do not
in the aggregate materially interfere with the ordinary course conduct of the business of the Company and its Restricted Subsidiaries,
taken as a whole;

 

    	 	-31-	 

     

    

 

(6)            Liens
(a) securing Hedging Obligations, Cash Management Obligations and the costs thereof; (b) that are rights of set-off, rights
of pledge or other bankers’ Liens (i) relating to treasury, depository and cash management services or any automated clearing
house transfers of funds in the ordinary course of business or consistent with past practice, (ii) relating to pooled deposit or
sweep accounts to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Company or
any Subsidiary or consistent with past practice or (iii) relating to purchase orders and other agreements entered into with customers
of the Company or any Restricted Subsidiary in the ordinary course of business or consistent with past practice; (c) on cash accounts
securing Indebtedness and other Obligations permitted to be incurred under Section 3.2(b)(8)(e) with financial institutions;
(d) encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts
or other brokerage accounts incurred in the ordinary course of business or consistent with past practice and not for speculative purposes;
and (e) (i) of a collection bank arising under Section 4-210 of the UCC or any comparable or successor provision on items
in the course of collection and (ii) in favor of a banking or other financial institution or electronic payment service providers
arising as a matter of law encumbering deposits (including the right of set-off) arising in the ordinary course of business in connection
with the maintenance of such accounts and (iii) arising under customary general terms and conditions of the account bank in relation
to any bank account maintained with such bank and attaching only to such account and the products and proceeds thereof, which Liens, in
any event, do not secure any Indebtedness;

 

(7)            leases,
licenses, subleases and sublicenses of assets (including real property, intellectual property, software and other technology rights),
in each case entered into in the ordinary course of business, consistent with past practice or, with respect to intellectual property,
software and other technology rights, that are not material to the conduct of the business of the Company and its Restricted Subsidiaries,
taken as a whole;

 

(8)            Liens
securing or otherwise arising out of judgments, decrees, attachments, orders or awards not giving rise to an Event of Default under Section 6.1(a)(5);

 

(9)            Liens
(a) securing Capitalized Lease Obligations, or Purchase Money Obligations, or securing the payment of all or a part of the purchase
price of, or securing Indebtedness or other Obligations incurred to finance or refinance the acquisition, improvement or construction
of, assets or property acquired or constructed in the ordinary course of business; provided that (i) the aggregate principal
amount of Indebtedness secured by such Liens is otherwise permitted to be incurred under this Indenture and (ii) any such Liens may
not extend to any assets or property of the Company or any Restricted Subsidiary other than assets and property affixed or appurtenant
thereto and accessions, additions, improvements, proceeds, dividends or distributions thereof, including after-acquired property that
is (A) affixed or incorporated into the property or assets covered by such Lien, (B) after-acquired property or assets subject
to a Lien securing such Indebtedness, the terms of which Indebtedness require or include a pledge of after-acquired property or assets
and (C) the proceeds and products thereof and (b) any interest or title of a lessor, sublessor, franchisor, licensor or sublicensor
or secured by a lessor’s, sublessor’s, franchisor’s, licensor’s or sublicensor’s interest under any Capitalized
Lease Obligations or Non-Financing Lease Obligations;

 

(10)          Liens
arising from UCC financing statements, including precautionary financing statements (or similar filings) regarding operating leases or
consignments entered into by the Company and its Restricted Subsidiaries;

 

(11)          Liens
existing on the Issue Date, excluding Liens securing the Credit Agreement and the Existing Secured Notes;

 

(12)          Liens
on property, other assets or shares of stock of a Person at the time such Person becomes a Subsidiary (or at the time the Company or a
Subsidiary acquires such property, other assets or shares of stock, including any acquisition by means of a merger, amalgamation, consolidation
or other business combination transaction with or into the Company or any Restricted Subsidiary); provided, however, that
such Liens are not created in anticipation of such other Person becoming a Subsidiary (or such acquisition of such property, other assets
or stock); provided, further, that such Liens are limited to all or part of the same property, other assets or stock (plus
property and assets affixed or appurtenant thereto and additions, improvements, accessions, proceeds, dividends or distributions thereof,
including after-acquired property that is (i) affixed or incorporated into the property or assets covered by such Lien, (ii) after-acquired
property or assets subject to a Lien securing such Indebtedness, the terms of which Indebtedness require or include a pledge of after-acquired
property or assets and (iii) the proceeds and products thereof) that secured (or, under the written arrangements under which such
Liens arose, could secure) the Obligations relating to any Indebtedness or other obligations to which such Liens relate;

 

    	 	-32-	 

     

    

 

(13)            Liens
securing Obligations relating to any Indebtedness or other obligations of the Company or a Restricted Subsidiary owing to the Company
or another Restricted Subsidiary, or Liens in favor of the Company or any Restricted Subsidiary or the Trustee;

 

(14)            Liens
securing Refinancing Indebtedness incurred to refinance Indebtedness that was previously so secured, and permitted to be secured under
this Indenture; provided that any such Lien is limited to all or part of the same property or assets (plus property and assets
affixed or appurtenant thereto and additions, improvements, accessions, proceeds, dividends or distributions thereof, including after-acquired
property that is (i) affixed or incorporated into the property or assets covered by such Lien, (ii) after-acquired property
or assets subject to a Lien securing such Indebtedness, the terms of which Indebtedness require or include a pledge of after-acquired
property or assets and (iii) the proceeds and products thereof) that secured (or, under the written arrangements under which the
original Lien arose, could secure) the Obligations relating to the Indebtedness or other obligations being refinanced or is in respect
of property or assets that is or could be the security for or subject to a Permitted Lien hereunder;

 

(15)            (a) mortgages,
liens, security interests, restrictions, encumbrances or any other matters of record that have been placed by any government, statutory
or regulatory authority, developer, landlord or other third party on property over which the Company or any Restricted Subsidiary has
easement rights or on any leased property and subordination or similar arrangements relating thereto and (b) any condemnation or
eminent domain proceedings affecting any real property;

 

(16)            any
encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of any joint venture or similar arrangement
pursuant to any joint venture or similar agreement;

 

(17)            Liens
on property or assets under construction (and related rights) in favor of a contractor or developer or arising from progress or partial
payments by a third party relating to such property or assets;

 

(18)            Liens
arising out of conditional sale, title retention, hire purchase, consignment or similar arrangements for the sale or purchase of goods
entered into in the ordinary course of business or consistent with past practice;

 

(19)            Liens
securing Indebtedness and other Obligations in respect of (a) Credit Facilities, including any letter of credit facility relating
thereto, and the Existing Secured Notes under Section 3.2(b)(1) and (b) obligations of the Company or any Subsidiary
in respect of any Cash Management Obligation or Hedging Obligation provided by any lender party to any Credit Facility or Affiliate of
such lender (or any Person that was a lender or an Affiliate of a lender at the time the applicable agreements in respect of such Cash
Management Obligation or Hedging Obligation were entered into);

 

(20)            Liens
securing Indebtedness and other Obligations under Section 3.2(b)(5); provided that such Liens shall only be permitted
if such Liens are limited to all or part of the same property or assets, including Capital Stock (plus property and assets affixed or
appurtenant thereto and additions, improvements, accessions, proceeds, dividends or distributions thereof, including after-acquired property
that is (i) affixed or incorporated into the property or assets covered by such Lien, (ii) after-acquired property or assets
subject to a Lien securing such Indebtedness, the terms of which Indebtedness require or include a pledge of after-acquired property or
assets and (iii) the proceeds and products thereof) acquired, or of any Person acquired or merged, consolidated or amalgamated with
or into the Company or any Restricted Subsidiary, in any transaction to which such Indebtedness or other Obligation relates;

 

(21)            Liens
securing Indebtedness and other Obligations permitted by Section 3.2(b)(7), (11), (14) or (17) (provided that, in the
case of clause (11), such Liens cover only the assets of such Subsidiary);

 

(22)            Liens
securing Indebtedness and other Obligations of any Non-Guarantor covering only assets of such Subsidiary;

 

    	 	-33-	 

     

    

 

(23)            Liens
on Capital Stock or other securities or assets of any Unrestricted Subsidiary that secure Indebtedness or other obligations of such Unrestricted
Subsidiary;

 

(24)            Liens
deemed to exist in connection with Investments permitted under clause (4) of the definition of “Cash Equivalents”;

 

(25)            Liens
on (i) goods the purchase price of which is financed by a documentary letter of credit issued for the account of the Company or any
Subsidiary or Liens on bills of lading, drafts or other documents of title arising by operation of law or pursuant to the standard terms
of agreements relating to letters of credit, bank guarantees and other similar instruments and (ii) specific items of inventory or
other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances or documentary
letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or
other goods;

 

(26)            Liens
on vehicles or equipment of the Company or any Restricted Subsidiary in the ordinary course of business or consistent with past practice;

 

(27)            Liens
on assets or securities deemed to arise in connection with and solely as a result of the execution, delivery or performance of contracts
to sell such assets or securities if such sale is otherwise permitted by this Indenture;

 

(28)            (a) Liens
on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto, and (b) Liens, pledges,
deposits made or other security provided to secure liabilities to, or indemnification obligations of (including obligations in respect
of letters of credit or bank guarantees for the benefits of), insurance carriers in the ordinary course of business or consistent with
past practice;

 

(29)            Liens
solely on any cash earnest money deposits made in connection with any letter of intent or purchase agreement permitted under this Indenture;

 

(30)            Liens
(i) on cash advances or escrow deposits in favor of the seller of any property to be acquired in an Investment permitted under this
Indenture to be applied against the purchase price for such Investment or otherwise in connection with any escrow arrangements with respect
to any such Investment (including any letter of intent or purchase agreement with respect to such Investment), and (ii) consisting
of an agreement to sell, transfer, lease or otherwise dispose of any property in an asset sale, in each case, solely to the extent such
Investment or sale, transfer, lease or other disposition, as the case may be, would have been permitted on the date of the creation of
such Lien;

 

(31)            Liens
securing Indebtedness and other Obligations in an aggregate principal amount not to exceed the greater of (a) $245.0 million and
(b) 30.0% of LTM EBITDA at the time incurred;

 

(32)            Liens
then existing with respect to assets of an Unrestricted Subsidiary on the day such Unrestricted Subsidiary is redesignated as a Restricted
Subsidiary pursuant to ‎Section 3.20;

 

(33)            Liens
securing Indebtedness and other Obligations permitted under ‎Section 3.2; provided that with respect to liens securing
Indebtedness or other Obligations permitted under this clause, at the time of incurrence and after giving pro forma effect thereto, the
Consolidated Secured Leverage Ratio would be no greater than 4.90 to 1.00;

 

(34)            Liens
deemed to exist in connection with Investments in repurchase agreements permitted by the covenant described under ‎Section 3.2,
provided that such Liens do not extend to any assets other than those that are the subject of such repurchase agreement;

 

(35)            Liens
arising in connection with a Qualified Securitization Financing or a Receivables Facility;

 

(36)            Settlement
Liens;

 

(37)            rights
of recapture of unused real property in favor of the seller of such property set forth in customary purchase agreements and related arrangements
with any government, statutory or regulatory authority;

 

(38)            the
rights reserved to or vested in any Person or government, statutory or regulatory authority by the terms of any lease, license, franchise,
grant or permit held by the Company or any Restricted Subsidiary or by a statutory provision, to terminate any such lease, license, franchise,
grant or permit, or to require annual or periodic payments as a condition to the continuance thereof;

 

    	 	-34-	 

     

    

 

(39)            restrictive
covenants affecting the use to which real property may be put and Liens or covenants restricting or prohibiting access to or from lands
abutting on controlled access highways or covenants affecting the use to which lands may be put; provided that such Liens or covenants
do not interfere with the ordinary conduct of the business of the Company or any Restricted Subsidiary;

 

(40)            Liens
on property, assets or Permitted Investments used to defease or to satisfy or discharge Indebtedness; provided such defeasance,
satisfaction or discharge is not prohibited by this Indenture;

 

(41)            Liens
relating to escrow arrangements securing Indebtedness, including (i) Liens on escrowed proceeds from the issuance of Indebtedness
for the benefit of the related holders of debt securities or other Indebtedness (or the underwriters, arrangers, trustee or collateral
agent thereof) and (ii) Liens on cash or Cash Equivalents set aside at the time of the incurrence of any Indebtedness, in either
case to the extent such cash or Cash Equivalents prefund the payment of interest or premium or discount on such Indebtedness (or any costs
related to the issuance of such Indebtedness) and are held in an escrow account or similar arrangement to be applied for such purpose;
and

 

(42)            Liens
securing the Notes (other than any Additional Notes) and the related Guarantees.

 

In the event that a Permitted Lien meets the criteria
of more than one of the types of Permitted Liens (at the time of incurrence or at a later date), the Company in its sole discretion may
divide, classify or from time to time reclassify all or any portion of such Permitted Lien in any manner that complies with this Indenture
and such Permitted Lien shall be treated as having been made pursuant only to the clause or clauses of the definition of Permitted Lien
to which such Permitted Lien has been classified or reclassified.

 

“Permitted Plan” means any employee
benefits plan of the Company or any of its Affiliates and any Person acting in its capacity as trustee, agent or other fiduciary or administrator
of any such plan.

 

“Permitted Tax Amount” means
(a) the consolidated, combined, affiliated, aggregate, unitary or similar type of income or similar Tax liabilities of any Parent
Entity in amounts not to exceed the greater of the Tax liability that would have been imposed on the Company and its Subsidiaries had
such entities filed on a (x) standalone basis or (y) consolidated, combined, affiliated, aggregate or unitary basis, assuming
that the only members of the relevant group are the Company and its Subsidiaries or (b) if the Company is a pass-through entity,
the income or similar Tax liabilities of any other direct or indirect owner of the Company, in the case of each of clauses (a) and
(b), to the extent attributable to the income of the Company or any of its Subsidiaries.

 

“Permitted Tax Restructuring”
means any reorganizations and other activities related to tax planning and tax reorganization entered into prior to, on or after the date
hereof so long as such Permitted Tax Restructuring is not materially adverse to the holders of the Notes (as determined by the Company
in good faith).

 

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

 

“Post-Petition Interest” means
any interest or entitlement to fees or expenses or other charges that accrue after the commencement of any bankruptcy or insolvency proceeding,
whether or not allowed or allowable as a claim in any such bankruptcy or insolvency proceeding.

 

“Predecessor Note” of any particular
Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes
of this definition, any Note authenticated and delivered under ‎Section 2.11 in exchange for or in lieu of a mutilated,
destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note.

 

“Preferred Stock,” as applied
to the Capital Stock of any Person, means Capital Stock of any class or classes (however designated) which is preferred as to the payment
of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares
of Capital Stock of any other class of such Person.

 

    	 	-35-	 

     

    

 

“Public Company Costs” means,
as to any Person, costs associated with, or in anticipation of, or preparation for, compliance with the requirements of the Sarbanes-Oxley
Act of 2002 and the rules and regulations promulgated in connection therewith and costs relating to compliance with the provisions
of the Securities Act and the Exchange Act or any other comparable body of laws, rules or regulations, as companies with listed equity,
directors’ compensation, fees and expense reimbursement, costs relating to enhanced accounting functions and investor relations,
stockholder meetings and reports to stockholders, directors’ and officers’ insurance and other executive costs, legal and
other professional fees, listing fees and other transaction costs, in each case to the extent arising solely by virtue of the listing
of such Person’s equity securities on a national securities exchange or issuance of public debt securities.

 

“Purchase Money Obligations”
means any Indebtedness incurred to finance or refinance the acquisition, leasing, expansion, construction, installation, replacement,
repair or improvement of property (real or personal), equipment or assets (including Capital Stock), and whether acquired through the
direct acquisition of such property or assets, or the acquisition of the Capital Stock of any Person owning such property or assets, or
otherwise.

 

“QIB” means any “qualified
institutional buyer” as such term is defined in Rule 144A.

 

“Qualified Securitization Financing”
means any Securitization Facility that meets the following conditions: (i) the Board of Directors shall have determined in good faith
that such Securitization Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate
economically fair and reasonable to the Company and its Restricted Subsidiaries, (ii) all sales of Securitization Assets and related
assets by the Company or any Restricted Subsidiary to the Securitization Subsidiary or any other Person are made for fair consideration
(as determined in good faith by the Company) and (iii) the financing terms, covenants, termination events and other provisions thereof
shall be fair and reasonable terms (as determined in good faith by the Company) and may include Standard Securitization Undertakings.

 

“Rating Agencies” means S&P,
Moody’s and Fitch or if no rating of S&P, Moody’s or Fitch is publicly available, as the case may be, the equivalent of
such rating selected by the Company by any other Nationally Recognized Statistical Ratings Organization.

 

“Receivables Assets” means (a) any
accounts receivable owed to the Company or a Restricted Subsidiary subject to a Receivables Facility and the proceeds thereof and (b) all
collateral securing such accounts receivable, all contracts and contract rights, guarantees or other obligations in respect of such accounts
receivable, all records with respect to such accounts receivable and any other assets customarily transferred together with accounts receivable
in connection with a non-recourse accounts receivable factoring arrangement.

 

“Receivables Facility” means
an arrangement between the Company or a Subsidiary and a commercial bank, an asset based lender or other financial institution or an Affiliate
thereof pursuant to which (a) the Company or such Subsidiary, as applicable, sells (directly or indirectly) to such commercial bank,
asset based lender or other financial institution (or such Affiliate) Receivables Assets and (b) the obligations of the Company or
such Restricted Subsidiary, as applicable, thereunder are non-recourse (except for Securitization Repurchase Obligations) to the Company
and such Subsidiary and (c) the financing terms, covenants, termination events and other provisions thereof shall be on market terms
(as determined in good faith by the Company) and may include Standard Securitization Undertakings, and shall include any guaranty in respect
of such arrangements.

 

“refinance” means refinance,
refund, replace, renew, repay, modify, restate, defer, substitute, supplement, reissue, resell, extend or increase (including pursuant
to any defeasance or discharge mechanism) and the terms “refinances,” “refinanced” and “refinancing”
as used for any purpose in this Indenture shall have a correlative meaning.

 

“Refinancing Indebtedness” means
Indebtedness that is incurred to refund, refinance, replace, exchange, renew, repay or extend (including pursuant to any defeasance or
discharge mechanism) any Indebtedness (or unutilized commitment in respect of Indebtedness) existing on the Issue Date or incurred (or
established) in compliance with this Indenture (including Indebtedness of the Company that refinances Indebtedness of any Restricted Subsidiary
and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of the Company or another Restricted Subsidiary) including
Indebtedness that refinances Refinancing Indebtedness, and Indebtedness incurred pursuant to a commitment that refinances any Indebtedness
or unutilized commitment; provided, however, that:

 

    	 	-36-	 

     

    

 

(1)            (a) such
Refinancing Indebtedness has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred which is not less
than the remaining Weighted Average Life to Maturity of the Indebtedness being refunded, refinanced, replaced, exchanged, renewed, repaid
or extended (or requires no or nominal payments in cash (other than interest payments) prior to the date that is 91 days after the maturity
date of the Notes); and (b) to the extent such Refinancing Indebtedness refinances Subordinated Indebtedness, such Refinancing Indebtedness
is Subordinated Indebtedness, respectively, and, in the case of Subordinated Indebtedness, is subordinated to the Notes on terms at least
as favorable to the Holders as those contained in the documentation governing the Indebtedness being refinanced;

 

(2)            Refinancing
Indebtedness shall not include:

 

(i)            Indebtedness
of a Subsidiary of the Company that is not a Guarantor that refinances Indebtedness of the Company or a Guarantor; or

 

(ii)            Indebtedness
of the Company or a Restricted Subsidiary that refinances Indebtedness of an Unrestricted Subsidiary; and

 

(3)            such
Refinancing Indebtedness is incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price)
that is equal to or less than the sum of (x) the aggregate principal amount (or if issued with original issue discount, the aggregate
accreted value) then outstanding of the Indebtedness being Refinanced, plus (y) an amount equal to any unutilized commitment
relating to the Indebtedness being refinanced or otherwise then outstanding under a Credit Facility or other financing arrangement being
refinanced to the extent the unutilized commitment being refinanced could be drawn in compliance with ‎Section 3.2 hereof
immediately prior to such refinancing, plus (z) accrued and unpaid interest, dividends, premiums (including tender premiums),
defeasance costs, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees) in
connection with such refinancing;

 

provided
that clause (1) above will not apply to any extension, replacement, refunding, refinancing, renewal or defeasance of any
Credit Facilities or Secured Indebtedness. Refinancing Indebtedness in respect of any Credit Facility or any other Indebtedness may be
incurred from time to time after the termination, discharge or repayment of any such Credit Facility or other Indebtedness.

 

“Regulation S” means Regulation
S under the Securities Act.

 

“Regulation S-X” means Regulation
S-X under the Securities Act.

 

“Related Taxes” means (i) any
Taxes, including sales, use, transfer, rental, ad valorem, value added, stamp, property, consumption, franchise, license, capital,
registration, business, customs, net worth, gross receipts, excise, occupancy, intangibles or similar Taxes and other fees and expenses
(other than (x) Taxes measured by income and (y) withholding Taxes), required to be paid (provided such Taxes are in
fact paid) by any Parent Entity by virtue of its:

 

(a)            being
organized or having Capital Stock outstanding (but not by virtue of owning stock or other equity interests of any corporation or other
entity other than, directly or indirectly, the Company or any of the Company’s Subsidiaries) or otherwise maintain its existence
or good standing under applicable law,

 

(b)            being
a holding company parent, directly or indirectly, of the Company or any Subsidiaries of the Company,

 

(c)            receiving
dividends from or other distributions in respect of the Capital Stock of, directly or indirectly, the Company or any Subsidiaries of the
Company, or

 

(d)            having
made any payment in respect to any of the items for which the Company is permitted to make payments to any Parent Entity pursuant to ‎Section 3.3;
and

 

(ii)            any
Permitted Tax Amount.

 

“Reserved Indebtedness Amount”
has the meaning set forth in Section 3.2(c)(9).

 

“Restricted Investment” means
any Investment other than a Permitted Investment.

 

“Restricted Notes” means Initial
Notes and Additional Notes bearing the Restricted Notes Legend.

 

    	 	-37-	 

     

    

 

“Restricted Notes Legend” means
the legend set forth in ‎Section 2.1(d)(1).

 

“Restricted Subsidiary” means
any Subsidiary of the Company other than an Unrestricted Subsidiary.

 

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

 

“S&P” means Standard &
Poor’s Investors Ratings Services or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization.

 

“Sale and Leaseback Transaction”
means any arrangement providing for the leasing by the Company or any of the Restricted Subsidiaries of any real or tangible personal
property, which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to a third Person in contemplation
of such leasing.

 

“Screened Affiliate” means any
Affiliate of a Holder (i) that makes investment decisions independently from such Holder and any other Affiliate of such Holder that
is not a Screened Affiliate, (ii) that has in place customary information screens between it and such Holder and any other Affiliate
of such Holder that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Company or its
Subsidiaries, (iii) whose investment policies are not directed by such Holder or any other Affiliate of such Holder that is acting
in concert with such Holder in connection with its investment in the Notes, and (iv) whose investment decisions are not influenced
by the investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert with such Holders in connection
with its investment in the Notes.

 

“SEC” means the Securities and
Exchange Commission or any successor thereto.

 

“Secured Indebtedness” means
any Indebtedness secured by a Lien other than Indebtedness with respect to Cash Management Obligations.

 

“Securities Act” means the Securities
Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder, as amended.

 

“Securitization Asset” means
(a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue
streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or
asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and
records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests
are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

 

“Securitization Facility” means
any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed,
restated or refunded from time to time, pursuant to which the Company or any of the Restricted Subsidiaries sells, transfers, pledges
or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other
Person.

 

“Securitization Fees” means
distributions or payments made directly or by means of discounts with respect to any Securitization Asset or Receivables Asset or participation
interest therein issued or sold in connection with, and other fees, expenses and charges (including commissions, yield, interest expense
and fees and expenses of legal counsel) paid in connection with, any Qualified Securitization Financing or Receivables Facility.

 

“Securitization Repurchase Obligation”
means any obligation of a seller of Securitization Assets or Receivables Assets in a Qualified Securitization Financing or a Receivables
Facility to repurchase or otherwise make payments with respect to Securitization Assets arising as a result of a breach of a representation,
warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense,
dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating
to the seller.

 

“Securitization Subsidiary”
means any Subsidiary of the Company in each case formed for the purpose of and that solely engages in one or more Qualified Securitization
Financings or Receivables Facilities and other activities reasonably related thereto or another Person formed for this purpose.

 

“Series A Preferred Stock”
means the $1,050.0 million aggregate amount of Series A Preferred Stock issued by Star Intermediate I, Inc., a Delaware corporation,
in connection with the Acquisition.

 

    	 	-38-	 

     

    

 

“Settlement” means the transfer
of cash or other property with respect to any credit or debit card charge, check or other instrument, electronic funds transfer, or other
type of paper-based or electronic payment, transfer, or charge transaction for which a Person acts as a processor, remitter, funds recipient
or funds transmitter in the ordinary course of its business.

 

“Settlement Asset” means any
cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made
or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

 

“Settlement Indebtedness” means
any payment or reimbursement obligation in respect of a Settlement Payment.

 

“Settlement Lien” means any
Lien relating to any Settlement or Settlement Indebtedness (and may include, for the avoidance of doubt, the grant of a Lien in or other
assignment of a Settlement Asset in consideration of a Settlement Payment, Liens securing intraday and overnight overdraft and automated
clearing house exposure, and similar Liens).

 

“Settlement Payment” means the
transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property
to effect a Settlement.

 

“Settlement Receivable” means
any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit
of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

 

“Short
Derivative Instrument” means a Derivative Instrument (i) the value of which generally decreases, and/or the payment or
delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value of
which generally increases, and/or the payment or delivery obligations under which generally decrease, with negative changes to the Performance
References.

 

“Significant Subsidiary” means
any Restricted Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule 1-02(w)(2) of
Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date.

 

“Similar Business” means (a) any
businesses, services or activities engaged in by the Company or any of its Subsidiaries or any Associates on the Issue Date, (b) any
businesses, services and activities engaged in by the Company or any of its Subsidiaries or any Associates that are related, complementary,
incidental, ancillary or similar to any of the foregoing or are extensions or developments of any thereof and (c) a Person conducting
a business, service or activity specified in clauses (a) and (b), and any subsidiary thereof.

 

“Standard Securitization Undertakings”
means representations, warranties, covenants, guarantees and indemnities entered into by the Company or any Subsidiary of the Company
which the Company has determined in good faith to be customary in a Securitization Facility or Receivables Facility, including those relating
to the servicing of the assets of a Securitization Subsidiary, it being understood that any Securitization Repurchase Obligation shall
be deemed to be a Standard Securitization Undertaking or, in the case of a Receivables Facility, a non-credit related recourse accounts
receivable factoring arrangement.

 

“Stated Maturity” means, with
respect to any security, the date specified in such security as the fixed date on which the payment of principal of such security is due
and payable, including pursuant to any mandatory redemption provision, but shall not include any contingent obligations to repay, redeem
or repurchase any such principal prior to the date originally scheduled for the payment thereof.

 

“Subordinated Indebtedness”
means, with respect to any Person, any Indebtedness (whether outstanding on the Issue Date or thereafter incurred) which is expressly
subordinated in right of payment to the Notes pursuant to a written agreement.

 

“Subsidiary” means, with respect
to any Person:

 

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

 

    	 	-39-	 

     

    

 

(2)            any
partnership, joint venture, limited liability company or similar entity of which:

 

(a)            more
than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests,
as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person
or a combination thereof whether in the form of membership, general, special or limited partnership interests or otherwise; and

 

(b)            such
Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity; or

 

(3)            at
the election of the Company, any partnership, joint venture, limited liability company or similar entity of which such Person or any Subsidiary
of such Person is a controlling general partner or otherwise controls such entity.

 

“Taxes” means all present and
future taxes, levies, imposts, deductions, charges, duties and withholdings and any charges of a similar nature (including interest, penalties
and other liabilities with respect thereto) that are imposed by any government or other taxing authority.

 

“Total Assets” means, as of
any date, the total consolidated assets of the Company and its Restricted Subsidiaries on a consolidated basis, as shown on the most recent
consolidated balance sheet of the Company and its Restricted Subsidiaries, determined on a pro forma basis in a manner consistent with
the pro forma basis contained in the definition of Fixed Charge Coverage Ratio.

 

“Transaction Expenses” means,
collectively, (1) the Existing Notes Transaction Expenses and (2)  any fees, costs and expenses (including all legal, accounting
and other professional fees, costs and expenses) incurred or paid by the Company or any Restricted Subsidiary associated or in connection
with the Transactions.

 

“Transactions” means, collectively,
(1) the Existing Notes Transactions and (2) the issuance of the Notes, the use of proceeds therefrom to fund the redemption
of the Existing Unsecured Notes and the payment of the applicable Transaction Expenses, in each case as described in the Offering Memorandum.

 

“Trust Indenture Act” means
the Trust Indenture Act of 1939, as amended.

 

“Trust Officer” means any officer
within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant
treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons
who at the time shall be such officers, respectively, or to whom any corporate trust matter relating to this Indenture is referred because
of such Person’s knowledge of and familiarity with the particular subject and who, in each case, shall have direct responsibility
for the administration of this Indenture.

 

“Trustee” means Wilmington Trust,
National Association, together with its successors and assigns.

 

“UCC” means the Uniform Commercial
Code (or equivalent statute) as in effect from time to time in the State of New York; provided, however, that at any time, if by
reason of mandatory provisions of law, any or all of the perfection or priority of a collateral agent’s security interest in any
item or portion of the collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New
York, the term “UCC” shall mean the Uniform Commercial Code as in effect, at such time, in such other jurisdiction for purposes
of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions.

 

“Unrestricted Subsidiary” means:

 

(1)            at
the time of such designation, any Subsidiary of the Company that at the time of determination is an Unrestricted Subsidiary (as designated
by the Company in the manner provided below); and

 

(2)            any
Subsidiary of an Unrestricted Subsidiary.

 

    	 	-40-	 

     

    

 

The Company may designate any Subsidiary of the
Company, (including any newly acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger, consolidation or other
business combination transaction, or Investment therein), to be an Unrestricted Subsidiary only if:

 

(1)            such
Subsidiary or any of its Subsidiaries does not own any Capital Stock of the Company or any other Subsidiary of the Company which is not
a Subsidiary of the Subsidiary to be so designated or otherwise an Unrestricted Subsidiary; and

 

(2)            such
designation and the Investment, if any, of the Company in such Subsidiary complies with ‎Section 3.3.

 

“U.S. Government Obligations”
means securities that are (1) direct obligations of the United States of America for the timely payment of which its full faith and
credit is pledged or (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United
States of America the timely payment of which is unconditionally Guaranteed as a full faith and credit obligation of the United States
of America, which, in either case, are not callable or redeemable at the option of the Company thereof, and shall also include a depositary
receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government
Obligations or a specific payment of principal of or interest on any such U.S. Government Obligations held by such custodian for the account
of the holder of such depositary receipt, provided that (except as required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the
U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government Obligations evidenced by such depositary
receipt.

 

“Voting Stock” of a Person means
all classes of Capital Stock of such Person then outstanding and normally entitled to vote in the election of directors.

 

“Weighted Average Life to Maturity”
means, when applied to any Indebtedness at any date, the quotient (in number of years) obtained by dividing:

 

(1)            the
sum of the products obtained by multiplying (i) the number of years (calculated to the nearest one-twelfth) from the date of determination
to the date of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such
Disqualified Stock or Preferred Stock, by (ii) the amount of such payment, by

 

(2)            the
sum of all such payments;

 

provided
that, for purposes of determining the Weighted Average Life to Maturity of any Indebtedness, the effects of any prepayments or amortization
made on such Indebtedness prior to the date of such determination will be disregarded.

 

“Wholly Owned Domestic Subsidiary”
means a Domestic Subsidiary of the Company, all of the Capital Stock of which is owned by the Company or a Guarantor.

 

Section 1.2.     Other
Definitions.

 

	Term	 	Defined in
 Section
	“Acceptable Commitment”	 	3.5(a)(3)(ii)
	 	 	 
	“Accounting Change”	 	“GAAP”
	 	 	 
	“Accredited Investor Note”	 	2.1(b)
	 	 	 
	“Additional Restricted Notes”	 	2.1(b)
	 	 	 
	“Affiliate Transaction”	 	3.8(a)
	 	 	 
	“Agent Members”	 	2.1(e)(2)

 

    	 	-41-	 

     

    

 

	Term	 	Defined in
 Section
	“Applicable Premium Deficit”	 	8.4(1)
	 	 	 
	“Approved Foreign Bank”	 	“Cash Equivalents”
	 	 	 
	“Asset Disposition Offer”	 	3.5(a)
	 	 	 
	“Authenticating Agent”	 	2.2
	 	 	 
	“Authorized Agent”	 	13.17(a)
	 	 	 
	“Change of Control Offer”	 	3.9(a)
	 	 	 
	“Change of Control Payment”	 	3.9(a)
	 	 	 
	“Change of Control Payment Date”	 	3.9(a)(2)
	 	 	 
	“Clearstream”	 	2.1(b)
	 	 	 
	“Covenant Defeasance”	 	8.3
	 	 	 
	“Defaulted Interest”	 	2.15
	 	 	 
	“Directing Holder”	 	6.1(a)
	 	 	 
	“equity incentives”	 	“Consolidated Net Income”
	 	 	 
	“Euroclear”	 	2.1(b)
	 	 	 
	“Event of Default”	 	6.1(a)
	 	 	 
	“Excess Proceeds”	 	3.5(a)
	 	 	 
	“Foreign Disposition”	 	3.5(c)(i)
	 	 	 
	“Global Notes”	 	2.1(b)
	 	 	 
	“Guaranteed Obligations”	 	10.1
	 	 	 
	“Increased Amount”	 	3.6
	 	 	 
	“Initial Default”	 	6.1(b)
	 	 	 
	“Initial Lien”	 	3.6
	 	 	 
	“Institutional Accredited Investor Global Notes”	 	2.1(b)
	 	 	 
	“Institutional Accredited Investor Notes”	 	2.1(b)

 

    	 	-42-	 

     

    

 

	Term	 	Defined in
 Section
	“Issuer Order”	 	2.2
	 	 	 
	“Judgment Currency”	 	13.19
	 	 	 
	“LCT Election”	 	1.4(c)
	 	 	 
	“LCT Public Offer”	 	1.4(c)
	 	 	 
	“LCT Test Date”	 	1.4(c)
	 	 	 
	“Legal Defeasance”	 	8.2
	 	 	 
	“Legal Holiday”	 	13.6
	 	 	 
	“Noteholder Direction”	 	6.1(a)
	 	 	 
	“Notes Register”	 	2.3
	 	 	 
	“Other Guarantee”	 	10.2(b)(5)
	 	 	 
	“Performance References”	 	“Derivative Instrument”
	 	 	 
	“Position Representation”	 	6.1(a)
	 	 	 
	“primary obligations”	 	“Contingent Obligations”
	 	 	 
	“protected purchaser”	 	2.11
	 	 	 
	“Redemption Date”	 	5.7(a)
	 	 	 
	“Registrar”	 	2.3
	 	 	 
	“Regulation S Global Note”	 	2.1(b)
	 	 	 
	“Regulation S Notes”	 	2.1(b)
	 	 	 
	“Resale Restriction Termination Date”	 	2.6(b)
	 	 	 
	“Reserved Indebtedness Amount”	 	3.2(c)(9)
	 	 	 
	“Restricted Payment”	 	3.3(a)
	 	 	 
	“Restricted Period”	 	2.1(b)
	 	 	 
	“Rule 144A Global Note”	 	2.1(b)
	 	 	 
	“Rule 144A Notes”	 	2.1(b)

 

    	 	-43-	 

     

    

 

	Term	 	Defined in
 Section
	“Second Commitment”	 	3.5(a)(3)(ii)
	 	 	 
	“Special Interest Payment Date”	 	2.15(a)
	 	 	 
	“Special Record Date”	 	2.15(a)
	 	 	 
	“Successor Company”	 	4.1(a)(1)
	 	 	 
	“Suspended Covenants”	 	3.21
	 	 	 
	“Suspension Period”	 	3.21
	 	 	 
	“Verification Covenant”	 	6.1(a)

 

Section 1.3.     [Reserved].

 

Section 1.4.     Rules of
Construction.

 

(a)            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)            “including”
means including without limitation;

 

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

 

(6)            “will”
shall be interpreted to express a command;

 

(7)            the
principal amount of any non-interest bearing or other discount security at any date shall be the principal amount thereof that would be
shown on a balance sheet of the Issuer dated such date prepared in accordance with GAAP;

 

(8)            the
principal amount of any preferred stock shall be (i) the maximum liquidation value of such preferred stock or (ii) the maximum
mandatory redemption or mandatory repurchase price with respect to such preferred stock, whichever is greater;

 

(9)            all
amounts expressed in this Indenture or in any of the Notes in terms of money refer to the lawful currency of the United States of America;

 

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

 

(11)            except
as otherwise stated, (a) references herein to Articles, Sections and Exhibit mean the Articles and Sections of and Exhibits
to this Indenture and (b) each reference herein to a particular Article or Section includes the Sections, subsections and
paragraphs subsidiary thereto;

 

    	 	-44-	 

     

    

 

(12)            unless
otherwise specifically indicated, the term “consolidated” with respect to any Person refers to such Person consolidated with
its Restricted Subsidiaries, and excludes from such consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were
not an Affiliate of such Person; and

 

(13)            the
words “execute,” “execution,” “signed,” “signature,” “delivery” and words
of like import in or relating to any document to be signed in connection with this Indenture and the transactions contemplated hereby
or thereby shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act; provided that, notwithstanding anything herein to the contrary, the Trustee is under no
obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee pursuant
to reasonable procedures approved by the Trustee.

 

(b)            Notwithstanding
anything to the contrary herein, in the event an item of Indebtedness (or any portion thereof) is incurred or issued, any Lien is incurred
or other transaction is undertaken in reliance on a ratio basket based on the Fixed Charge Coverage Ratio, Consolidated Secured Leverage
Ratio or Consolidated Total Leverage ratio, such ratio(s) shall be calculated with respect to such incurrence, issuance or other
transaction without giving effect to amounts being utilized under any other basket (other than a ratio basket based on the Fixed Charge
Coverage Ratio, Consolidated Secured Leverage Ratio or Consolidated Total Leverage Ratio) on the same date. Each item of Indebtedness
that is incurred or issued, each Lien incurred and each other transaction undertaken will be deemed to have been incurred, issued or taken
first, to the extent available, pursuant to the relevant Fixed Charge Coverage Ratio, Consolidated Secured Leverage Ratio or Consolidated
Total Leverage Ratio test.

 

Notwithstanding anything to the contrary herein,
in the event an item of Indebtedness (or any portion thereof) is incurred or issued, any Lien is incurred or other transaction is undertaken
in reliance on a ratio basket based on a Fixed Charge Coverage Ratio, Consolidated Secured Leverage Ratio or Consolidated Total Leverage
Ratio, such ratio(s) shall be calculated without regard to the incurrence of any Indebtedness under any revolving facility or letter
of credit facility (1) immediately prior to or in connection therewith or (2) used to finance working capital needs of the Company
and its Restricted Subsidiaries.

 

Any calculation or measure that is determined with
reference to the Company’s financial statements (including EBITDA, Consolidated Interest Expense, Consolidated Net Income, Fixed
Charges, Fixed Charge Coverage Ratio, Consolidated Secured Leverage Ratio and Consolidated Total Leverage Ratio) may be determined with
reference to the financial statements of a Parent Entity instead, so long as such Parent Entity does not hold any material assets other
than, directly or indirectly, the Capital Stock of the Company.

 

    	 	-45-	 

     

    

 

(c)            When
calculating the availability under any basket or ratio under this Indenture or compliance with any provision of this Indenture in connection
with any Limited Condition Transaction and any actions or transactions related thereto (including acquisitions, Investments, the
incurrence, issuance or assumption of Indebtedness and the use of proceeds thereof, the incurrence or creation of Liens, repayments, Restricted
Payments and Asset Dispositions), in each case, at the option of the Company (the Company’s election to exercise such option, an
 “LCT Election”), the date of determination for availability under any such basket or ratio and whether any such action
or transaction is permitted (or any requirement or condition therefor is complied with or satisfied (including as to the absence of any
continuing Default or Event of Default)) under this Indenture shall be deemed to be the date (the “LCT Test Date”)
either (a) the definitive agreement for such Limited Condition Transaction is entered into (or, if applicable, the date of delivery
of an irrevocable declaration of a Restricted Payment or similar event), or (b) solely in connection with an acquisition to which
the United Kingdom City Code on Takeovers and Mergers applies, the date on which a “Rule 2.7 announcement” of a firm
intention to make an offer (or equivalent announcement in another jurisdiction) (an “LCT Public Offer”) in respect
of a target of a Limited Condition Transaction and, in each case, if, after giving pro forma effect to the Limited Condition Transaction
and any actions or transactions related thereto (including acquisitions, Investments, the incurrence, issuance or assumption of Indebtedness
and the use of proceeds thereof, the incurrence or creation of Liens, repayments, Restricted Payments and Asset Dispositions) and any
related pro forma adjustments, the Company or any of its Restricted Subsidiaries would have been permitted to take such actions or consummate
such transactions on the relevant LCT Test Date in compliance with such ratio, test or basket (and any related requirements and conditions),
such ratio, test or basket (and any related requirements and conditions) shall be deemed to have been complied with (or satisfied) for
all purposes (in the case of Indebtedness, for example, whether such Indebtedness is committed, issued, assumed or incurred at the LCT
Test Date or at any time thereafter); provided that (a) if financial statements for one or more subsequent fiscal quarters
shall have become available, the Company may elect, in its sole discretion, to redetermine all such ratios, tests or baskets on the basis
of such financial statements, in which case, such date of redetermination shall thereafter be the applicable LCT Test Date for purposes
of such ratios, tests or baskets, (b) except as contemplated in the foregoing clause (a), compliance with such ratios, test or baskets
(and any related requirements and conditions) shall not be determined or tested at any time after the applicable LCT Test Date for such
Limited Condition Transaction and any actions or transaction related thereto (including acquisitions, Investments, the incurrence,
issuance or assumption of Indebtedness and the use of proceeds thereof, the incurrence or creation of Liens, repayments, Restricted Payments
and Asset Dispositions) and (c) Consolidated Interest Expense for purposes of the Fixed Charge Coverage Ratio will be calculated
using an assumed interest rate as reasonably determined by the Company.

  

For the avoidance of doubt, if the Company has
made an LCT Election, (1) if any of the ratios, tests or baskets for which compliance was determined or tested as of the LCT Test
Date would at any time after the LCT Test Date have been exceeded or otherwise failed to have been complied with as a result of fluctuations
in any such ratio, test or basket, including due to fluctuations in EBITDA or total assets of the Company or the Person subject to such
Limited Condition Transaction, such baskets, tests or ratios will not be deemed to have been exceeded or failed to have been complied
with as a result of such fluctuations; (2) if any related requirements and conditions (including as to the absence of any continuing
Default or Event of Default) for which compliance or satisfaction was determined or tested as of the LCT Test Date would at any time after
the LCT Test Date not have been complied with or satisfied (including due to the occurrence or continuation of a Default or Event of Default),
such requirements and conditions will not be deemed to have been failed to be complied with or satisfied (and such Default or Event of
Default shall be deemed not to have occurred or be continuing); and (3) in calculating the availability under any ratio, test or
basket in connection with any action or transaction unrelated to such Limited Condition Transaction following the relevant LCT Test Date
and prior to the earlier of the date on which such Limited Condition Transaction is consummated or the date that the definitive agreement
or date for redemption, purchase or repayment specified in an irrevocable notice for such Limited Condition Transaction is terminated,
expires or passes (or, if applicable, the irrevocable notice is terminated, expires or passes or, as applicable, the offer in respect
of an LCT Public Offer for, such acquisition is terminated), as applicable, without consummation of such Limited Condition Transaction,
any such ratio, test or basket shall be determined or tested giving pro forma effect to such Limited Condition Transaction.

 

Article II

 

THE
NOTES

 

Section 2.1.     Form,
Dating and Terms.

 

(a)            The
aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. The Initial Notes issued
on the date hereof will be in an aggregate principal amount of $460,000,000. In addition, the Issuer may issue, from time to time in accordance
with the provisions of this Indenture, Additional Notes (as provided herein). Furthermore, Notes may be authenticated and delivered upon
registration of transfer, exchange or in lieu of, other Notes pursuant to Sections ‎2.2, ‎Section 2.6,
‎2.11, ‎Section 2.13, ‎5.6 or ‎9.5, in connection with an Asset Disposition
Offer pursuant to ‎Section 3.5 or in connection with a Change of Control Offer pursuant to ‎Section 3.9.

 

    	 	-46-	 

     

    

 

Notwithstanding
anything to the contrary contained herein, the Issuer may not issue any Additional Notes, unless such issuance is in compliance with ‎Section 3.2.

 

With respect to any Additional Notes, the Issuer
shall set forth in one or more indentures supplemental hereto, the following information:

 

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

 

(B)            the
issue price and the issue date of such Additional Notes, including the date from which interest shall accrue; and

 

(C)            whether
such Additional Notes shall be Restricted Notes.

 

In
authenticating and delivering Additional Notes, the Trustee shall be entitled to receive and shall be fully protected in relying upon,
in addition to the Opinion of Counsel and Officer’s Certificate required by ‎Section 13.2,
an Opinion of Counsel as to the due authorization, execution, delivery, validity and enforceability of such Additional Notes.

 

The Initial Notes and the Additional Notes shall
be considered collectively as a single class for all purposes of this Indenture, provided that any Additional Notes will not be
issued with the same CUSIP, ISIN or other identifying number as the Initial Notes unless such Additional Notes are fungible with
the Initial Notes for U.S. federal income tax purposes. Holders of the Initial Notes and the Additional Notes will vote and consent together
on all matters to which such Holders are entitled to vote or consent as one class, and none of the Holders of the Initial Notes or the
Additional Notes shall have the right to vote or consent as a separate class on any matter to which such Holders are entitled to vote
or consent.

 

(b)            The
Initial Notes are being offered and sold by the Issuer pursuant to a Purchase Agreement, dated December 8, 2021, among the
Issuer, Dun & Bradstreet Holdings, Inc., a Delaware corporation, the Guarantors set forth on Schedule 2 thereto and
Goldman Sachs & Co. LLC, as representative for the several Initial Purchasers. The Initial Notes and any Additional Notes (if
issued as Restricted Notes) (the “Additional Restricted Notes”) will be resold initially only to (A) Persons they
reasonably believe to be QIBs in reliance on Rule 144A and (B) Non-U.S. Persons in reliance on Regulation S. Such Initial
Notes and Additional Restricted Notes may thereafter be transferred to, among others, Persons reasonably believed to be QIBs, purchasers
in reliance on Regulation S, and AIs and IAIs in accordance with Rule 501 under the Securities Act in each case, in accordance
with the procedure described herein. Additional Notes offered after the date hereof may be offered and sold by the Issuer from time to
time pursuant to one or more purchase agreements in accordance with applicable law.

 

Initial
Notes and Additional Restricted Notes offered and sold to Persons reasonably believed to be QIBs in the United States of America in reliance
on Rule 144A (the “Rule 144A Notes”) shall be issued in the form of a permanent global Note substantially
in the form of Exhibit A, which is hereby incorporated by reference and made a part of this Indenture, including appropriate
legends as set forth in ‎Section 2.1(d) (the “Rule 144A
Global Note”), deposited with the Trustee, as custodian for DTC, duly executed by the Issuer and authenticated by the Trustee
as hereinafter provided. The Rule 144A Global Note may be represented by more than one certificate if so required by DTC’s
rules regarding the maximum principal amount to be represented by a single certificate. The aggregate principal amount of the Rule 144A
Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC or
its nominee, as hereinafter provided.

 

Initial
Notes and any Additional Restricted Notes offered and sold to Non-U.S. Persons outside the United States of America (the “Regulation S
Notes”) in reliance on Regulation S shall be issued in the form of a permanent global Note substantially in the form of
Exhibit A, including appropriate legends as set forth in ‎Section 2.1(d) (the
 “Regulation S Global Note”). Each Regulation S Global Note will be deposited upon issuance with, or on behalf
of, the Trustee as custodian for DTC in the manner described in this ‎Article II.
Prior to the 40th day after the later of the commencement of the offering of the Initial Notes and the Issue Date (such period through
and including such 40th day, the “Restricted Period”), interests in the Regulation S Global Note may only be transferred
to Non-U.S. Persons pursuant to Regulation S, unless exchanged for interests in a Global Note in accordance with the transfer and
certification requirements described herein.

 

    	 	-47-	 

     

    

 

Investors may hold their interests in the Regulation S
Global Note through organizations other than Euroclear Bank S.A./N.V. (“Euroclear”) or Clearstream Banking, société
anonyme (“Clearstream”) that are participants in DTC’s system or directly through Euroclear or Clearstream,
if they are participants in such systems, or indirectly through organizations which are participants in such systems. If such interests
are held through Euroclear or Clearstream, Euroclear and Clearstream will hold such interests in the applicable Regulation S Global
Note on behalf of their participants through customers’ securities accounts in their respective names on the books of their respective
depositaries. Such depositaries, in turn, will hold such interests in the applicable Regulation S Global Note in customers’
securities accounts in the depositaries’ names on the books of DTC.

 

The Regulation S Global Note may be represented
by more than one certificate if so required by DTC’s rules regarding the maximum principal amount to be represented by a single
certificate. The aggregate principal amount of the Regulation S Global Note may from time to time be increased or decreased by adjustments
made on the records of the Trustee, as custodian for DTC or its nominee, as hereinafter provided.

 

Initial
Notes and Additional Restricted Notes resold to IAIs (the “Institutional Accredited Investor Notes”) in the United
States of America will be issued in the form of a permanent global Note substantially in the form of Exhibit A including appropriate
legends as set forth in ‎Section 2.1(d) (the “Institutional
Accredited Investor Global Note”) deposited with the Trustee, as custodian for DTC, duly executed by the Issuer and authenticated
by the Trustee as hereinafter provided. The Institutional Accredited Investor Global Note may be represented by more than one certificate,
if so required by DTC’s rules regarding the maximum principal amount to be represented by a single certificate. The aggregate
principal amount of the Institutional Accredited Investor Global Note may from time to time be increased or decreased by adjustments made
on the records of the Trustee, as custodian for DTC or its nominee, as hereinafter provided.

 

Initial
Notes and Additional Restricted Notes resold to AIs in the United States of America will be issued in the form of a Definitive Note substantially
in the form of Exhibit A including the legend as set forth in ‎Section 2.1(d) (an
 “Accredited Investor Note”).

 

The Rule 144A Global Note, the Regulation
S Global Note and the Institutional Accredited Investor Global Note are sometimes collectively herein referred to as the “Global
Notes.”

 

The
principal of (and premium, if any) and interest on the Notes shall be payable at the office or agency of the Paying Agent designated by
the Issuer maintained for such purpose (which shall initially be the office of the Trustee maintained for such purpose), or at such other
office or agency of the Issuer as may be maintained for such purpose pursuant to ‎Section 2.3;
provided, however, that, at the option of the Paying Agent, each installment of interest may be paid by (i) check mailed
to addresses of the Persons entitled thereto as such addresses shall appear on the Notes Register or (ii) wire transfer to an account
located in the United States maintained by the payee, subject to the last sentence of this paragraph. Payments in respect of Notes represented
by a Global Note (including principal, premium, if any, and interest) will be made by wire transfer of immediately available funds to
the accounts specified by DTC. Payments in respect of Notes represented by Definitive Notes (including principal, premium, if any, and
interest) held by a Holder of at least $1,000,000 aggregate principal amount of Notes represented by Definitive Notes will be made in
accordance with the Notes Register, or by wire transfer to a Dollar account maintained by the payee with a bank in the United States if
such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such
account no later than 15 days immediately preceding the relevant due date for payment (or such other date as the Trustee or Paying
Agent, as applicable, may accept in its discretion).

 

The
Notes may have notations, legends or endorsements required by law, stock exchange rule or usage, in addition to those set forth on
Exhibit A and in ‎Section 2.1(d) . The Issuer shall
approve any notation, endorsement or legend on the Notes. Each Note shall be dated the date of its authentication. The terms of the Notes
set forth in Exhibit A are part of the terms of this Indenture and, to the extent applicable, the Issuer, the Guarantors and
the Trustee, by their execution and delivery of this Indenture, expressly agree to be bound by such terms.

 

    	 	-48-	 

     

    

 

(c)            Denominations.
The Notes shall be issuable only in fully registered form in minimum denominations of $2,000 and any integral multiple of $1,000 in excess
thereof.

 

(d)            Restrictive
and Global Note Legends.

 

(1)            Unless
and until (i) an Initial Note or an Additional Note issued as a Restricted Note is sold under an effective registration statement
or (ii) the Issuer receives an Opinion of Counsel satisfactory to it 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, the Rule 144A Global Note, the
Regulation S Global Note, the Institutional Accredited Investor Global Note and the Accredited Investor Note shall each bear
the following legend on the face thereof:

 

THE NOTES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION
HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION
OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION 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 (“RULE 144A”)),
(B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES
ACT (“REGULATION S”), OR (C) IT IS AN “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1), (2), (3), (7),
(8), (9), (12) OR (13) UNDER THE SECURITIES ACT (AN “ACCREDITED INVESTOR”), (2) AGREES TO OFFER, SELL, PLEDGE OR OTHERWISE
TRANSFER SUCH NOTE PRIOR TO THE EXPIRATION OF THE HOLDING PERIOD THEN IMPOSED BY RULE 144 UNDER THE SECURITIES ACT (OR ANY SUCCESSOR PROVISION)
ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE
UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A TO A PERSON IT REASONABLY BELIEVES
IS A QUALIFIED INSTITUTIONAL BUYER THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE
IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) OUTSIDE THE UNITED STATES PURSUANT TO OFFERS AND SALES TO
NON-U.S. PERSONS IN AN OFFSHORE TRANSACTION PURSUANT TO REGULATION S MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 UNDER THE SECURITIES
ACT, (E) INSIDE THE UNITED STATES TO AN ACCREDITED INVESTOR THAT, PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON IT 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 NOTE (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE FOR THIS NOTE) OR (F) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S OR THE TRUSTEE’S RIGHT
PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL,
CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM.

 

(2)            Each
Global Note, whether or not an Initial Note, shall bear the following legend on the face thereof:

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR THE AGENT OF
THE ISSUER 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.

 

    	 	-49-	 

     

    

 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS
IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS
OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE
REVERSE HEREOF.

 

In the case of the Regulation S Global Note: BY ITS ACQUISITION
HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING
THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.

 

(e)            Book-Entry
Provisions. (i) This ‎Section 2.1(e) shall apply only to Global Notes deposited with the Trustee, as custodian
for DTC, and for which the applicable procedures of DTC shall govern.

 

(1)            Each
Global Note initially shall (x) be registered in the name of DTC or the nominee of DTC, (y) be delivered to the Notes Custodian
for DTC and (z) bear legends as set forth in ‎Section 2.1(d)(2). Transfers of a Global Note (but not a beneficial
interest therein) will be limited to transfers thereof in whole, but not in part, to DTC, its successors or its respective nominees, except
as set forth in ‎Section 2.1(e)(4) and ‎2.1(f). If a beneficial interest in a Global Note is transferred
or exchanged for a beneficial interest in another Global Note, the Notes Custodian will (x) record a decrease in the principal amount
of the Global Note being transferred or exchanged equal to the principal amount of such transfer or exchange and (y) record a like
increase in the principal amount of the other Global Note. Any beneficial interest in one Global Note that is transferred to a Person
who takes delivery in the form of an interest in another Global Note, or exchanged for an interest in another Global Note, will, upon
transfer or exchange, cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly, will
thereafter be subject to all transfer and exchange restrictions, if any, and other procedures applicable to beneficial interests in such
other Global Note for as long as it remains such an interest.

 

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

 

(3)            In
connection with any transfer of a portion of the beneficial interest in a Global Note pursuant to ‎Section 2.1(f) to
beneficial owners who are required to hold Definitive Notes, the Notes Custodian shall 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 Issuer shall execute, and the Trustee shall authenticate and make available for delivery, one or more
Definitive Notes of like tenor and amount.

 

    	 	-50-	 

     

    

 

(4)            In
connection with the transfer of an entire Global Note to beneficial owners pursuant to ‎Section 2.1(f), such Global Note
shall be deemed to be surrendered to the Trustee for cancellation, and the Issuer shall execute, and the Trustee shall authenticate and
make available for delivery, to each beneficial owner identified by DTC in exchange for its beneficial interest in such Global Note, an
equal aggregate principal amount of Definitive Notes of authorized denominations.

 

(5)            The
registered Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may
hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes.

 

(6)            Any
Holder of a Global Note shall, by acceptance of such Global Note, agree that transfers of beneficial interests in such Global Note may
be effected only through a book-entry system maintained by (i) the Holder of such Global Note (or its agent) or (ii) any holder
of a beneficial interest in such Global Note, and that ownership of a beneficial interest in such Global Note shall be required to be
reflected in a book entry.

 

(f)            Definitive
Notes. Except as provided below, owners of beneficial interests in Global Notes will not be entitled to receive Definitive Notes.
Definitive Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in a Global Note if (A) DTC
notifies the Issuer that it is unwilling or unable to continue as Depositary for such Global Note or DTC ceases to be a clearing agency
registered under the Exchange Act, at a time when DTC is required to be so registered in order to act as depositary, and in each case
a successor depositary is not appointed by the Issuer within 90 days of such notice, (B) the Issuer in its sole discretion executes
and deliver to the Trustee and Registrar an Officer’s Certificate stating that such Global Note shall be so exchangeable or (C) an
Event of Default has occurred and is continuing and the Registrar has received a written request from DTC. In the event of the occurrence
of any of the events specified in the second preceding sentence or in clause (A), (B) or (C) of the preceding sentence,
the Issuer shall promptly make available to the Registrar a reasonable supply of Definitive Notes. In addition, any Note transferred to
an affiliate (as defined in Rule 405 under the Securities Act) of the Issuer or evidencing a Note that has been acquired by an affiliate
in a transaction or series of transactions not involving any public offering must, until one year after the last date on which either
the Issuer or any affiliate of the Issuer was an owner of the Note, be in the form of a Definitive Note and bear the legend regarding
transfer restrictions in ‎Section 2.1(d)(1). If required to do so pursuant to any applicable law or regulation, beneficial
owners may also obtain Definitive Notes in exchange for their beneficial interests in a Global Note upon written request in accordance
with DTC’s and the Registrar’s procedures.

 

(1)            Any
Definitive Note delivered in exchange for an interest in a Global Note pursuant to ‎Section 2.1(e) shall, except
as otherwise provided by ‎Section 2.6(d), bear the applicable legend regarding transfer restrictions applicable to the
Global Note set forth in ‎Section 2.1(d)(1).

 

(2)            If
a Definitive Note is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such Definitive
Note, (y) record an increase in the principal amount of such Global Note equal to the principal amount of such transfer or exchange
and (z) in the event that such transfer or exchange involves less than the entire principal amount of the canceled Definitive Note,
the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, to the transferring Holder a new Definitive
Note representing the principal amount not so transferred.

 

(3)            If
a Definitive Note is transferred or exchanged for another Definitive Note, (x) the Trustee will cancel the Definitive Note being
transferred or exchanged, (y) the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, one or
more new Definitive Notes in authorized denominations having an aggregate principal amount equal to the principal amount of such transfer
or exchange to the transferee (in the case of a transfer) or the Holder of the canceled Definitive Note (in the case of an exchange),
registered in the name of such transferee or Holder, as applicable, and (z) if such transfer or exchange involves less than the entire
principal amount of the canceled Definitive Note, the Issuer shall execute, and the Trustee shall authenticate and make available for
delivery to the Holder thereof, one or more Definitive Notes in authorized denominations having an aggregate principal amount equal to
the untransferred or unexchanged portion of the canceled Definitive Notes, registered in the name of the Holder thereof.

 

    	 	-51-	 

     

    

 

(4)            Notwithstanding
anything to the contrary in this Indenture, in no event shall a Definitive Note be delivered upon exchange or transfer of a beneficial
interest in the Regulation S Global Note prior to the end of the Restricted Period.

 

Section 2.2.     Execution
and Authentication. One Officer of the Issuer shall sign the Notes for the Issuer by manual, facsimile, PDF or other electronic signature.
If the Officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note shall
be valid nevertheless.

 

A Note shall not be valid until an authorized officer
of the Trustee manually authenticates the Note. The signature of the Trustee on a Note shall be conclusive evidence that such Note has
been duly and validly authenticated and issued under this Indenture. A Note shall be dated the date of its authentication.

 

At any time and from time to time after the execution
and delivery of this Indenture, the Trustee shall authenticate and make available for delivery: (1) Initial Notes for original issue
on the Issue Date in an aggregate principal amount of $460,000,000 and (2) subject to the terms of this Indenture, Additional Notes
for original issue in an unlimited principal amount, in each case upon a written order of the Issuer signed by one Officer (the “Issuer
Order”); provided that, with respect to the Initial Notes issued on the Issue Date described in clause (1) above,
the Issuer Order shall be signed by one Officer of the Issuer, requesting the authentication of the Initial Notes to be executed by the
Company. Such Issuer Order shall specify whether the Notes will be in the form of Definitive Notes or Global Notes, the amount of the
Notes to be authenticated, the date on which the original issue of Notes is to be authenticated, the Holder of the Notes and whether the
Notes are to be Initial Notes or Additional Notes.

 

The Trustee may appoint an agent (the “Authenticating
Agent”) reasonably acceptable to the Issuer to authenticate the Notes. Any such appointment shall be evidenced by an instrument
signed by a Trust Officer, a copy of which shall be furnished to the Issuer. Unless limited by the terms of such appointment, any such
Authenticating Agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the
Trustee includes authentication by the Authenticating Agent. An Authenticating Agent has the same rights as any Registrar, Paying Agent
or agent for service of notices and demands.

 

In
case any of the Issuer or any Guarantor, pursuant to ‎Article IV or
‎Section 10.2, as applicable, shall be consolidated or merged with or into
any other Person or shall convey, transfer, lease or otherwise dispose of its properties and assets substantially as an entirety to any
Person, and the successor Person resulting from such consolidation, or surviving such merger, or into which the Issuer or any Guarantor
shall have been merged, or the Person which shall have received a conveyance, transfer, lease or other disposition as aforesaid, shall
have executed an indenture supplemental hereto with the Trustee pursuant to ‎Article IV,
any of the Notes authenticated or delivered prior to such consolidation, merger, conveyance, transfer, lease or other disposition may
(but shall not be required), from time to time, at the request of the successor Person, be exchanged for other Notes executed in the
name of the successor Person with such changes in phraseology and form as may be appropriate to reflect such successor Person, but otherwise
in substance of like tenor as the Notes surrendered for such exchange and of like principal amount; and the Trustee, upon the Issuer
Order of the successor Person, shall authenticate and make available for delivery Notes as specified in such order for the purpose of
such exchange. If Notes shall at any time be authenticated and delivered in any new name of a successor Person pursuant to this ‎Section 2.2
in exchange or substitution for or upon registration of transfer of any Notes, such successor Person, at the option of the Holders
but without expense to them, shall provide for the exchange of all Notes at the time outstanding for Notes authenticated and delivered
in such new name.

 

Section 2.3.     Registrar
and Paying Agent. The Issuer shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange
(the “Registrar”) and an office or agency where Notes may be presented for payment. The Registrar shall keep a register
of the Notes and of their transfer and exchange (the “Notes Register”). The Issuer may have one or more co-registrars
and one or more additional paying agents. The term “Paying Agent” includes any additional paying agent and the term “Registrar”
includes any co-registrar.

 

    	 	-52-	 

     

    

 

The
Issuer shall enter into an appropriate agency agreement with any Registrar or Paying Agent not a party to this Indenture. The agreement
shall implement the provisions of this Indenture that relate to such agent. The Issuer shall notify the Trustee in writing of the name
and address of each such agent. If the Issuer fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall
be entitled to appropriate compensation therefor pursuant to ‎Section 7.7.
The Issuer or any Guarantor may act as Paying Agent, Registrar or Transfer Agent.

 

The Issuer initially appoints DTC to act as Depositary
with respect to the Global Notes. The Issuer initially appoints the Trustee as Registrar and Paying Agent for the Notes. The Issuer may
change any Registrar or Paying Agent without prior notice to the Holders, but upon written notice to such Registrar or Paying Agent and
to the Trustee; provided, however, that no such removal shall become effective until (i) acceptance of any appointment
by a successor as evidenced by an appropriate agreement entered into by the Issuer and such successor Registrar or Paying Agent, as the
case may be, and delivered to the Trustee and the passage of any waiting or notice periods required by DTC procedures or (ii) written
notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until the appointment of a successor in accordance
with clause (i) above. The Registrar or Paying Agent may resign at any time upon written notice to the Issuer and the Trustee.

 

Section 2.4.     Paying
Agent to Hold Money in Trust. By no later than 11:00 a.m. (New York City time) on the date on which any principal of, premium,
if any, or interest on any Note is due and payable, the Issuer shall deposit with the Paying Agent a sum sufficient in immediately available
funds to pay such principal, premium or interest when due. The Issuer shall require each Paying Agent (other than the Trustee) to agree
in writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by such Paying Agent for
the payment of principal of, premium, if any, or interest on the Notes (whether such assets have been distributed to it by the Issuer
or other obligors on the Notes), shall notify the Trustee in writing of any default by the Issuer or any Guarantor in making any such
payment and shall during the continuance of any default by the Issuer (or any other obligor upon the Notes) in the making of any payment
in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such Paying
Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as
Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Issuer at any time may
require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and to account for any funds or assets disbursed
by such Paying Agent. Upon complying with this ‎Section 2.4, the Paying Agent
(if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money delivered to the Trustee. Upon
any bankruptcy, reorganization or similar proceeding with respect to the Issuer, the Trustee shall serve as Paying Agent for the Notes.

 

Section 2.5.     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 Issuer, on its own behalf and on behalf of each of the Guarantors,
shall furnish or cause the Registrar to furnish to the Trustee, in writing at least five (5) Business Days before each interest payment
date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably
require of the names and addresses of Holders.

 

Section 2.6.     Transfer
and Exchange.

 

(a)           A
Holder may transfer a Note (or a beneficial interest therein) to another Person or exchange a Note (or a beneficial interest therein)
for another Note or Notes of any authorized denomination by presenting to the Registrar a written request therefor stating the name of
the proposed transferee or requesting such an exchange, accompanied by any certification, opinion or other document required by this
‎Section 2.6. The Registrar will promptly register any transfer or exchange that meets the requirements of this ‎Section 2.6
by noting the same in the Notes Register maintained by the Registrar for the purpose, and no transfer or exchange will be effective
until it is registered in such Notes Register. The transfer or exchange of any Note (or a beneficial interest therein) may only be made
in accordance with this ‎Section 2.6 and ‎Section 2.1(e) and ‎2.1(f), as applicable,
and, in the case of a Global Note (or a beneficial interest therein), the applicable rules and procedures of DTC, Euroclear and
Clearstream. The Registrar shall refuse to register any requested transfer or exchange that does not comply with this paragraph.

 

    	 	-53-	 

     

    

 

(b)          Transfers
of Rule 144A Notes and Institutional Accredited Investor Notes. The following provisions shall apply with respect
to any proposed registration of transfer of a Rule 144A Note or an Institutional Accredited Investor Note prior to the date that
is one year after the later of the date of its original issue and the last date on which the Issuer or any Affiliate of the Issuer was
the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”):

 

(1)            a
registration of transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a beneficial interest therein
to a QIB shall be made upon the representation of the transferee in the form as set forth on the reverse of the Note that it is purchasing
for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a
 “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance
on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant
to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon its foregoing
representations in order to claim the exemption from registration provided by Rule 144A; provided that no such written representation
or other written certification shall be required in connection with the transfer of a beneficial interest in the Rule 144A Global
Note to a transferee in the form of a beneficial interest in that Rule 144A Global Note in accordance with this Indenture and the
applicable procedures of DTC;

 

(2)            a
registration of transfer of a Rule 144A Note or an Institutional Accredited Investor Global Note or a beneficial interest therein
to an IAI or an AI shall be made upon receipt by the Registrar or its agent of a certificate substantially in the form set forth in ‎Section 2.8
or ‎Section 2.10, respectively, from the proposed transferee and the delivery of an Opinion of Counsel, certification
and/or other information satisfactory to the Issuer; and

 

(3)            a
registration of transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a beneficial interest therein
to a Non-U.S. Person shall be made upon receipt by the Registrar or its agent of a certificate substantially in the form set forth in
‎Section 2.9 from the proposed transferee and the delivery of an Opinion of Counsel, certification and/or other information
satisfactory to the Issuer.

 

(c)          Transfers
of Regulation S Notes. The following provisions shall apply with respect to any proposed transfer of a Regulation S Note
prior to the expiration of the Restricted Period:

 

(1)            a
transfer of a Regulation S Note or a beneficial interest therein to a QIB shall be made upon the representation of the transferee,
in the form of assignment on the reverse of the certificate, 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 “qualified institutional buyer” within
the meaning of Rule 144A, is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received
such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such
information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from
registration provided by Rule 144A;

 

(2)            a
transfer of a Regulation S Note or a beneficial interest therein to an IAI or an AI shall be made upon receipt by the Registrar or its
agent of a certificate substantially in the form set forth in ‎Section 2.8 or ‎Section 2.10, respectively,
from the proposed transferee and the delivery of an Opinion of Counsel, certification and/or other information satisfactory to the Issuer;
and

 

(3)            a
transfer of a Regulation S Note or a beneficial interest therein to a Non-U.S. Person shall be made upon receipt by the Registrar
or its agent of a certificate substantially in the form set forth in ‎Section 2.9 hereof from the proposed transferee
and receipt by the Registrar or its agent of an Opinion of Counsel, certification and/or other information satisfactory to the Issuer.

 

    	 	-54-	 

     

    

 

After
the expiration of the Restricted Period, interests in the Regulation S Note may be transferred in accordance with applicable law
without requiring the certification set forth in ‎Section 2.9 or any
additional certification.

 

(d)           Restricted
Notes Legend. Upon the transfer, exchange or replacement of Notes not bearing a Restricted Notes Legend, the Registrar shall deliver
Notes that do not bear a Restricted Notes Legend. Upon the transfer, exchange or replacement of Notes bearing a Restricted Notes Legend,
the Registrar shall deliver only Notes that bear a Restricted Notes Legend unless (1)  an Initial Note is being transferred
pursuant to an effective registration statement, (2) Initial Notes are being exchanged for Notes that do not bear the Restricted
Notes Legend in accordance with ‎Section 2.6(e) or (3) there is delivered to the Registrar an Opinion of Counsel
reasonably satisfactory to the Issuer 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. Any Additional Notes sold in a registered offering shall not be
required to bear the Restricted Notes Legend.

 

(e)           [Reserved].

 

(f)           Retention
of Written Communications. The Registrar shall retain copies of all letters, notices and other written communications received pursuant
to ‎Section 2.1 or this ‎Section 2.6. The Issuer shall have the right to inspect and make copies of all
such letters, notices or other written communications, at the Issuer’s expense, at any reasonable time upon the giving of reasonable
prior written notice to the Registrar.

 

(g)           Obligations
with Respect to Transfers and Exchanges of Notes. To permit registrations of transfers and exchanges, the Issuer shall, subject to
the other terms and conditions of this ‎Article II, execute and the Trustee shall authenticate Definitive Notes and Global
Notes at the Issuer’s and the Registrar’s written request.

 

No
service charge shall be made to a Holder for any registration of transfer or exchange, but the Issuer may require the Holder to pay a
sum sufficient to cover any transfer tax assessments or similar governmental charge payable in connection therewith (other than any such
transfer taxes, assessments or similar governmental charges payable upon exchange or transfer pursuant to Sections ‎2.2,
‎2.6, ‎2.11, ‎2.13,
‎3.5, ‎5.6 or ‎9.5).

 

The Issuer (and the Registrar) shall not be required
to register the transfer of or exchange of any Note (A) for a period beginning (1) fifteen (15) calendar days before the
mailing (or electronic delivery) of a notice of an offer to repurchase or redeem Notes and ending at the close of business on the day
of such mailing (or electronic delivery) or (2) fifteen (15) calendar days before an interest payment date and ending on such
interest payment date or (B) called for redemption, except the unredeemed portion of any Note being redeemed in part.

 

Prior to the due presentation for registration
of transfer of any Note, the Issuer, the Trustee, the Paying Agent or the Registrar may deem and treat the Person in whose name a Note
is registered as the owner of such Note for the purpose of receiving payment of principal of, premium, if any, and (subject to paragraph 2
of the forms of Notes attached hereto as Exhibit A) interest on such Note and for all other purposes whatsoever, including
without limitation the transfer or exchange of such Note, whether or not such Note is overdue, and none of the Issuer, the Trustee, the
Paying Agent or the Registrar shall be affected by notice to the contrary.

 

Any
Definitive Note delivered in exchange for an interest in a Global Note pursuant to ‎Section 2.1(f) shall,
except as otherwise provided by ‎Section 2.6(d), bear the applicable legend
regarding transfer restrictions applicable to the Definitive Note set forth in ‎Section 2.1(d)(1).

 

All Notes issued upon any transfer or exchange
pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as
the Notes surrendered upon such transfer or exchange.

 

(h)           No
Obligation of the Trustee. (1)  The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note,
a member of, or a participant in, DTC or other Person with respect to the accuracy of the records of DTC or its nominee or of any participant
or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial
owner or other Person (other than DTC) of any notice (including any notice of redemption or purchase) or the payment of any amount or
delivery of any Notes (or other security or property) under or with respect to such Notes. All notices and communications to be given
to the Holders and all payments to be made to Holders in respect of the Notes shall be given or made only to or upon the order of the
registered Holders (which shall be DTC or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note
shall be exercised only through DTC subject to the applicable rules and procedures of DTC. The Trustee may rely and shall be fully
protected in relying upon information furnished by DTC with respect to its members, participants and any beneficial owners.

 

    	 	-55-	 

     

    

 

Neither the Registrar nor the Trustee shall have
any 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 DTC participants,
members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence
as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to
determine substantial compliance as to form with the express requirements hereof. Neither the Trustee nor any of its agents shall have
any responsibility for any actions taken or not taken by DTC.

 

Section 2.7.         [Reserved].

 

Section 2.8.         Form of
Certificate to be Delivered in Connection with Transfers to IAIs.

 

[Date]

 

The Dun & Bradstreet Corporation

101 JFK Parkway, 2nd Floor

Short
Hills, New Jersey 07078

Attention: General Counsel

 

Wilmington
Trust, National Association, as Trustee

50 South Sixth Street, Suite 1290

Minneapolis, Minnesota 55402

Attention: The Dun & Bradstreet Corporation Administrator

Telecopy: (612) 217-5651

 

	Re:	The Dun & Bradstreet Corporation (the “Issuer”)

 

Ladies and Gentlemen:

 

This certificate is delivered to request a transfer
of $[     ] principal amount of the 5.00% Senior Notes due 2029 (the “Notes”) of The Dun &
Bradstreet Corporation (the “Issuer”).

 

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

 

Name:____________________________________________

 

Address:__________________________________________

 

Taxpayer ID Number:_________________________________

 

The undersigned represents and warrants to you
that:

 

		1.	We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13)
under the Securities Act of 1933, as amended (the “Securities Act”)) purchasing for our own account or for the account
of such an institutional “accredited investor” of at least $250,000 principal amount of the Notes, and we are acquiring the
Notes not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge
and experience in financial and business matters as to be capable of evaluating the merits and risk of our investment in the Notes and
we invest in or purchase securities similar to the Notes in the normal course of our business. We and any accounts for which we are acting
are each able to bear the economic risk of our or its investment.

 

    	 	-56-	 

     

    

 

		2.	We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as
permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes
to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of the date of original issue and the
last date on which the Issuer or any affiliate of the Issuer was the owner of such Notes (or any predecessor thereto) (the “Resale
Restriction Termination Date”) only (a) to the Issuer or any Subsidiary thereof, (b) pursuant to an effective registration
statement under the Securities Act, (c) in a transaction complying with the requirements of Rule 144A under the Securities Act,
to a person we reasonably believe is a “qualified institutional buyer” under Rule 144A of the Securities Act (a “QIB”)
that is purchasing for its own account or for the account of a QIB and to whom notice is given that the transfer is being made in reliance
on Rule 144A, (d) pursuant to offers and sales to non-U.S. persons that occur outside the United States within the meaning of
Regulation S under the Securities Act, (e) to an institutional “accredited investor” within the meaning of Rule 501(a) (1),
(2), (3) or (7) under the Securities Act that is purchasing for its own account or for the account of such an institutional
 “accredited investor,” in each case in a minimum principal amount of Notes of $250,000 for investment purposes and not with
a view to or for offer or sale in connection with any distribution in violation of the Securities Act or (f) pursuant to any other
available exemption from the registration requirements of the Securities Act, subject in each of the foregoing cases to any requirement
of law that the disposition of our property or the property of such investor account or accounts be at all times within our or their control
and in compliance with any applicable state securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale
Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause (e) above prior
to the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this
letter to the Issuer and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited
investor” (within the meaning of Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under the Securities Act) and that it
is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges
that the Issuer and the Trustee reserve the right prior to any offer, sale or other transfer prior to the Resale Termination Date of the
Notes pursuant to clauses (d), (e) or (f) above to require the delivery of an opinion of counsel, certifications and/or other
information satisfactory to the Issuer.

 

		3.	We [are][are not] an Affiliate of the Issuer.

 

	 	TRANSFEREE:	

 

	 	BY:	 

 

    	 	-57-	 

     

    

 

Section 2.9.          Form of
Certificate to be Delivered in Connection with Transfers Pursuant to Regulation S.

 

[Date]

 

The Dun & Bradstreet Corporation

101 JFK Parkway, 2nd Floor

Short Hills, New Jersey 07078

Attention: General Counsel

 

Wilmington Trust, National Association, as Trustee

50 South Sixth Street, Suite 1290

Minneapolis, Minnesota 55402

Attention: The Dun & Bradstreet Corporation Administrator

Telecopy: (612) 217-5651

 

	Re:	The Dun & Bradstreet Corporation (the “Issuer”)

 

5.00% Senior Notes due 2029 (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 (“Regulation
S”) under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly,
we represent that:

 

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

 

(b)            either
(i) at the time the buy order 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 (ii) the transaction was executed in, on or through the
facilities of a designated off-shore securities market and neither we nor any person acting on our behalf knows that the transaction has
been pre-arranged with a buyer in the United States;

 

(c)            no
directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(a)(2) or Rule 904(a)(2) of
Regulation S, as applicable; and

 

(d)            the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

In addition, if the sale is made during a restricted
period and the provisions of Rule 903(b)(2), Rule 903(b)(3) or Rule 904(b)(1) of Regulation S are applicable
thereto, we confirm that such sale has been made in accordance with the applicable provisions of Rule 903(b)(2), Rule 903(b)(3) or
Rule 904(b)(1), as the case may be.

 

We also hereby certify that we [are][are not] an
Affiliate of the Issuer and, to our knowledge, the transferee of the Notes [is][is not] an Affiliate of the Issuer.

 

The Trustee and the Issuer are entitled to conclusively
rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative
or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate and not otherwise
defined herein have the meanings set forth in Regulation S.

 

	 	Very truly yours,
	 	 
	 	[Name of Transferor]
	 	 
	 	By:	 
	 	 	Authorized Signature

 

    	 	-58-	 

     

    

 

Section 2.10.        Form of
Certificate to be Delivered in Connection with Transfers to AIs.

 

[Date]

 

The Dun & Bradstreet Corporation

101 JFK Parkway, 2nd Floor

Short
Hills, New Jersey 07078

Attention: General Counsel

 

Wilmington
Trust, National Association, as Trustee

50 South Sixth Street, Suite 1290

Minneapolis, Minnesota 55402

Attention: The Dun & Bradstreet Corporation Administrator

Telecopy: (612) 217-5651

 

	Re:	The Dun & Bradstreet Corporation (the “Issuer”)

 

Ladies and Gentlemen:

 

This certificate is delivered to request a transfer
of $[     ] principal amount of the 5.00% Senior Notes due 2029 (the “Notes”) of The Dun &
Bradstreet Corporation (the “Issuer”).

 

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

 

Name:____________________________________________

 

Address:__________________________________________

 

Taxpayer ID Number:_________________________________

 

The undersigned represents and warrants to you
that:

 

		4.	I am an “accredited investor” (as defined in Rule 501(a)(4) under the U.S. Securities Act of 1933, as amended
(the “Securities Act”)) and I am acquiring the Notes not with a view to, or for offer or sale in connection with, any
distribution in violation of the Securities Act. I have such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risk of my investment in the Notes and I invest in or purchase securities similar to the Notes in the normal
course of my business. I am able to bear the economic risk of my investment.

 

		5.	I understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as
permitted in the following sentence. I agree on my own behalf to offer, sell or otherwise transfer such Notes prior to the date that is
one year after the later of the date of original issue and the last date on which the Issuer or any affiliate of the Issuer was the owner
of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only (a) to the Issuer
or any Subsidiary thereof, (b) pursuant to an effective registration statement under the Securities Act, (c) in a transaction
complying with the requirements of Rule 144A under the Securities Act, to a person I reasonably believe is a “qualified institutional
buyer” under Rule 144A of the Securities Act (a “QIB”) that is purchasing for its own account or for the
account of a QIB and to whom notice is given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers
and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act, (e) to
an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under
the Securities Act that is purchasing for its own account or for the account of such an institutional “accredited investor,”
in each case in a minimum principal amount of Notes of $200,000 for investment purposes and not with a view to or for offer or sale in
connection with any distribution in violation of the Securities Act or (f) pursuant to any other available exemption from the registration
requirements of the Securities Act, subject in each of the foregoing cases to any requirement of law that the disposition of my property
be at all times within my control and in compliance with any applicable state securities laws. The foregoing restrictions on resale will
not apply subsequent to the Resale Restriction Termination Date. Each purchaser acknowledges that the Issuer and the Trustee reserve the
right prior to any offer, sale or other transfer prior to the Resale Termination Date of the Notes pursuant to clauses (d), (e) or
(f) above to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Issuer.

 

    	 	-59-	 

     

    

 

		6.	I understand and acknowledge that upon the issuance thereof, and until
                                            such time as the same is no longer required under applicable requirements of the Securities
                                            Act or state securities laws, the Notes that I acquire will be certificated Notes that will
                                            bear, and all certificates issued in exchange therefor or in substitution thereof will bear,
                                            a restrictive legend set forth in Section 2.1(d) of the Indenture.

 

		7.	I [am][am not] an Affiliate of the Issuer.

 

		TRANSFEREE:	 

		BY:	 

 

Section 2.11.     Mutilated,
Destroyed, Lost or Stolen Notes.

 

If a mutilated Note is surrendered to the Registrar
or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee
shall authenticate a replacement Note if the requirements of Section 8-405 of the UCC are met, such that the Holder (a) satisfies
the Issuer and the Trustee that such Note has been lost, destroyed or wrongfully taken within a reasonable time after such Holder has
notice of such loss, destruction or wrongful taking and the Registrar has not registered a transfer prior to receiving such notification,
(b) makes such request to the Issuer and the Trustee prior to the Note being acquired by a protected purchaser as defined in Section 8-303
of the UCC (a “protected purchaser”), (c) satisfies any other reasonable requirements of the Trustee and (d) provides
an indemnity bond, as more fully described below; provided, however, if after the delivery of such replacement Note, a
protected purchaser of the Note for which such replacement Note was issued presents for payment or registration such replaced Note, the
Trustee and/or the Issuer shall be entitled to recover such replacement Note from the Person to whom it was issued and delivered or any
Person taking therefrom, except a protected purchaser, and shall be entitled to recover upon the security or indemnity provided therefor
to the extent of any loss, damage, cost or expense incurred by the Issuer or the Trustee in connection therewith. Such Holder shall furnish
an indemnity bond sufficient in the judgment of the (i) Trustee to protect the Trustee and (ii) the Issuer to protect the Issuer,
the Trustee, the Paying Agent and the Registrar, from any loss which any of them may suffer if a Note is replaced, and, in the absence
of notice to the Issuer, any Guarantor or the Trustee that such Note has been acquired by a protected purchaser, the Issuer shall execute,
and upon receipt of an Issuer Order, the Trustee shall authenticate and make available for delivery, in exchange for any such mutilated
Note or in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount, bearing a number not contemporaneously
outstanding.

 

In case any such mutilated, destroyed, lost or
stolen Note has become or is about to become due and payable, the Issuer in its discretion may, instead of issuing a new Note, pay such
Note.

 

Upon
the issuance of any new Note under this ‎Section 2.11, the Issuer
may require that such Holder pay 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 counsel and of the Trustee) in connection therewith.

 

Subject
to the proviso in the initial paragraph of this ‎Section 2.11, every
new Note issued pursuant to this ‎Section 2.11, in lieu of any mutilated,
destroyed, lost or stolen Note shall constitute an original additional contractual obligation of the Issuer, any Guarantor (if applicable)
and any other obligor upon the Notes, whether or not the mutilated, destroyed, lost or stolen Note 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 Notes duly issued
hereunder.

 

    	 	-60-	 

     

    

 

The
provisions of this ‎Section 2.11 are exclusive and shall preclude
(to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen
Notes.

 

Section 2.12.     Outstanding
Notes. Notes outstanding at any time are all Notes authenticated by the Trustee except for those cancelled by it, those delivered
to it for cancellation, those paid pursuant to ‎Section 2.11 and those described
in this ‎Section 2.12 as not outstanding. A Note does not cease to be outstanding
in the event the Issuer or an Affiliate of the Issuer holds the Note; provided, however, that (i) for purposes of
determining which are outstanding for consent or voting purposes hereunder, the provisions of ‎Section 13.4
shall apply and (ii) in determining whether the Trustee shall be protected in making a determination whether the Holders of
the requisite principal amount of outstanding Notes are present at a meeting of Holders of Notes for quorum purposes or have consented
to or voted in favor of any request, demand, authorization, direction, notice, consent, waiver, amendment or modification hereunder,
or relying upon any such quorum, consent or vote, only Notes which a Trust Officer knows to be held by the Issuer or an Affiliate of
the Issuer shall not be considered outstanding.

 

If
a Note is replaced pursuant to ‎Section 2.11 (other than a mutilated
Note surrendered for replacement), it ceases to be outstanding unless the Trustee and the Issuer receive proof satisfactory to them that
the replaced Note is held by a protected purchaser. A mutilated Note ceases to be outstanding upon surrender of such Note and replacement
pursuant to ‎Section 2.11.

 

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

 

Section 2.13.     Temporary
Notes. In the event that Definitive Notes are to be issued under the terms of this Indenture, until such Definitive Notes are ready
for delivery, the Issuer may prepare and the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the
form, and shall carry all rights, of Definitive Notes but may have variations that the Issuer considers appropriate for temporary Notes.
Without unreasonable delay, the Issuer shall prepare and the Trustee shall authenticate Definitive Notes. After the preparation of Definitive
Notes, the temporary Notes shall be exchangeable for Definitive Notes upon surrender of the temporary Notes at any office or agency maintained
by the Issuer for that purpose and such exchange shall be without charge to the Holder. Upon surrender for cancellation of any one or
more temporary Notes, the Issuer shall execute, and the Trustee shall, upon receipt of an Issuer Order, authenticate and make available
for delivery in exchange therefor, one or more Definitive Notes representing an equal principal amount of Notes. Until so exchanged,
the Holder of temporary Notes shall in all respects be entitled to the same benefits under this Indenture as a Holder of Definitive Notes.

 

Section 2.14.     Cancellation.
The Issuer at any time may deliver Notes to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee
any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Notes surrendered
for registration of transfer, exchange, payment or cancellation and dispose of such Notes in accordance with its internal policies and
customary procedures (subject to the record retention requirements of the Exchange Act and the Trustee). If the Issuer or any Guarantor
acquires 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 2.14.
The Issuer may not issue new Notes to replace Notes it has paid or delivered to the Trustee for cancellation for any reason other than
in connection with a transfer or exchange.

 

At such time as all beneficial interests in a
Global Note have either been exchanged for Definitive Notes, transferred, redeemed, repurchased or canceled, such Global Note shall be
returned by DTC to the Trustee for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any
beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note,
redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall
be made on the books and records of the Trustee (if it is then the Notes Custodian for such Global Note) with respect to such Global
Note, by the Trustee or the Notes Custodian, to reflect such reduction.

 

    	 	-61-	 

     

    

 

Section 2.15.     Payment
of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest
payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business
on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to ‎Section 2.3.

 

Any
interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period
of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent
lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively
called “Defaulted Interest”) shall be paid by the Issuer, at its election, as provided in clause ‎(a) or
‎(b) below:

 

(a)            The
Issuer may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective predecessor Notes)
are registered at the close of business on a Special Record Date (as defined below) for the payment of such Defaulted Interest, which
shall be fixed in the following manner. The Issuer shall notify the Trustee in writing of the amount of Defaulted Interest proposed to
be paid on each Note and the date (not less than 30 days after such notice) of the proposed payment (the “Special Interest
Payment Date”), and at the same time the Issuer shall deposit with the Trustee an amount of money equal to the aggregate amount
proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior
to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted
Interest as in this ‎Section 2.15(a). Thereupon the Issuer shall fix a record date (the “Special Record Date”)
for the payment of such Defaulted Interest, which date shall be not more than twenty (20) calendar days and not less than fifteen
(15) calendar days prior to the Special Interest Payment Date and not less than ten (10) calendar days after the receipt
by the Trustee of the notice of the proposed payment. The Issuer shall promptly notify the Trustee in writing of such Special Record
Date, and in the name and at the expense of the Issuer, the Trustee shall cause notice of the proposed payment of such Defaulted Interest
and the Special Record Date and Special Interest Payment Date therefor to be given in the manner provided for in ‎Section 13.1,
not less than ten (10) calendar days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest
and the Special Record Date and Special Interest Payment Date therefor having been so given, such Defaulted Interest shall be paid on
the Special Interest Payment Date to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the
close of business on such Special Record Date and shall no longer be payable pursuant to the provisions in ‎Section 2.15(b).

 

(b)            The
Issuer may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, if, after written notice given by
the Issuer to the Trustee of the proposed payment pursuant to this ‎Section 2.15(b), such manner of payment shall be
deemed practicable by the Trustee.

 

Subject
to the foregoing provisions of this ‎Section 2.15, each Note delivered
under this Indenture upon registration of, transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest
accrued and unpaid, and to accrue, which were carried by such other Note.

 

Section 2.16.     CUSIP
and ISIN Numbers.

 

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

 

    	 	-62-	 

     

    

 

Article III

 

COVENANTS

 

Section 3.1.     Payment
of Notes. The Issuer shall promptly pay the principal of, premium, if any, and interest on the Notes on the dates and in the manner
provided in the Notes and in this Indenture. Principal, premium, if any, and interest shall be considered paid on the date due if by
11:00 a.m. New York City time on such date the Trustee or the Paying Agent holds in accordance with this Indenture money sufficient
to pay all principal, premium, if any, and interest then due and the Trustee or the Paying Agent, as the case may be, is not prohibited
from paying such money to the Holders on that date pursuant to the terms of this Indenture.

 

The Issuer shall pay interest on overdue principal
at the rate specified therefor in the Notes, and it shall pay interest on overdue installments of interest at the same rate to the extent
lawful.

 

Notwithstanding anything to the contrary contained
in this Indenture, the Issuer may, to the extent it is required to do so by law, deduct or withhold income or other similar taxes imposed
by the United States of America from principal or interest payments hereunder.

 

Section 3.2.     Limitation
on Indebtedness.

 

(a)            The
Company shall not, and shall not permit any of its Restricted Subsidiaries to, incur any Indebtedness (including Acquired Indebtedness);
provided, however, that the Company and any of its Restricted Subsidiaries may incur Indebtedness (including Acquired Indebtedness),
if on the date of such incurrence and after giving pro forma effect thereto (including pro forma application of the proceeds thereof),
either (i) the Fixed Charge Coverage Ratio of the Company and its Restricted Subsidiaries is greater than 2.00 to 1.00 or (ii) the
Consolidated Total Leverage Ratio would have been no greater than 5.70 to 1.00; provided, further, that Non-Guarantors may not incur
Indebtedness under this ‎Section 3.2(a) if, after giving pro forma effect to such incurrence (including a
pro forma application of the net proceeds therefrom), more than an aggregate of the greater of (a) $285.0 million and (b) 35.0%
of LTM EBITDA of Indebtedness of Non-Guarantors would be outstanding pursuant to this paragraph at such time.

 

(b)            ‎Section 3.2(a) will
not prohibit the incurrence of the following Indebtedness (collectively, “Permitted Debt”):

 

(1)            Indebtedness
incurred under any Credit Facility (including letters of credit or bankers’ acceptances issued or created under any Credit Facility),
including the Existing Secured Notes, and Guarantees in respect of such Indebtedness, up to an aggregate principal amount at the time
of incurrence not exceeding the sum of (a) $3,530.0 million, (b) the greater of $810.0 million and 100.0% of LTM EBITDA and
(c) an additional amount (with any amounts incurred under this clause (c) deemed to be Secured Indebtedness for this purpose)
after all amounts have been incurred under clauses (1)(a) and (b), if after giving pro forma effect to the incurrence of such additional
amount and the application of the proceeds therefrom, the Consolidated Secured Leverage Ratio would be no greater than 4.90 to 1.00 outstanding
at any one time, and any Refinancing Indebtedness in respect thereof;

 

(2)            Guarantees
by the Company or any Restricted Subsidiary of Indebtedness or other obligations of the Company or any Restricted Subsidiary so long
as the incurrence of such Indebtedness or other obligations is not prohibited by the terms of this Indenture;

 

(3)            Indebtedness
of the Company to any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary to the Company or any Restricted Subsidiary; provided,
however, that:

 

(i)            any
subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness being held by a Person other
than the Company or a Restricted Subsidiary, and

 

    	 	-63-	 

     

    

 

(ii)           any
sale or other transfer of any such Indebtedness to a Person other than the Company or a Restricted Subsidiary,

 

shall be deemed, in each case, to constitute
an incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be;

 

(4)            Indebtedness
represented by (a) the Notes (other than any Additional Notes), including any Guarantee thereof, (b) any Indebtedness (other
than Indebtedness incurred pursuant to clauses (1), (3) or (4)(a) of this ‎Section 3.2(b)) outstanding on the
Issue Date and any Guarantees thereof, (c) Refinancing Indebtedness (including, with respect to the Notes and any Guarantee thereof)
incurred in respect of any Indebtedness described in this clause (4) or clause (5) of this ‎Section 3.2(b) or
incurred pursuant to ‎Section 3.2(a), and (d) Management Advances;

 

(5)            Indebtedness
of (x) the Company or any Restricted Subsidiary incurred or issued to finance an acquisition or Investment or (y) Persons that
are acquired by the Company or any Restricted Subsidiary or merged into, amalgamated or consolidated with the Company or a Restricted
Subsidiary in accordance with the terms of this Indenture (including designating an Unrestricted Subsidiary as a Restricted Subsidiary);
provided that such Indebtedness is in an aggregate amount not to exceed (i) the greater of $205.0 million and 25.0% of LTM
EBITDA at the time of incurrence, plus (ii) unlimited additional Indebtedness if after giving pro forma effect to such acquisition,
merger, amalgamation or consolidation, either:

 

		(a)	the Company would be permitted to incur at least $1.00 of additional
                                            Indebtedness pursuant to ‎Section 3.2(a);

 

		(b)	either the Fixed Charge Coverage Ratio of the Company and its Restricted
                                            Subsidiaries would not be lower or the Consolidated Total Leverage Ratio of the Company and
                                            its Restricted Subsidiaries would not be higher, in each case, than it was immediately prior
                                            to such acquisition, merger, amalgamation or consolidation; or

 

		(c)	such Indebtedness constitutes Acquired Indebtedness (other than Indebtedness
                                            incurred in contemplation of the transaction or series of related transactions pursuant to
                                            which such Person became a Restricted Subsidiary or was otherwise acquired by the Company
                                            or a Restricted Subsidiary); provided that, in the case of this clause (c), the only
                                            obligors with respect to such Indebtedness shall be those Persons who were obligors of such
                                            Indebtedness prior to such acquisition, merger, amalgamation or consolidation.

 

(6)            Hedging
Obligations (excluding Hedging Obligations entered into for speculative purposes);

 

(7)            Indebtedness
(i) represented by Capitalized Lease Obligations or Purchase Money Obligations in an aggregate outstanding principal amount which,
when taken together with the principal amount of all other Indebtedness incurred pursuant to this clause (7)(i) and then outstanding,
does not exceed the greater of (a) $245.0 million and (b) 30.0% of LTM EBITDA at the time of incurrence and any Refinancing
Indebtedness in respect thereof, and (ii) arising out of Sale and Leaseback Transactions in an aggregate outstanding principal amount,
which when taken together with the principal amount of all other Indebtedness incurred pursuant to this clause (7)(ii) and then
outstanding, does not exceed the greater of (a) $160.0 million and (b) 20.0% of LTM EBITDA at the time of incurrence and any
Refinancing Indebtedness in respect thereof;

 

    	 	-64-	 

     

    

 

(8)            Indebtedness
in respect of (a) workers’ compensation claims, health, disability or other employee benefits, property, casualty or liability
insurance, self-insurance obligations, customer guarantees, performance, indemnity, surety, judgment, bid, appeal, advance payment (including
progress premiums), customs, value added or other tax or other guarantees or other similar bonds, instruments or obligations, completion
guarantees and warranties or relating to liabilities, obligations or guarantees incurred in the ordinary course of business or consistent
with past practice; (b) the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against
insufficient funds in the ordinary course of business or consistent with past practice; (c) customer deposits and advance payments
(including progress premiums) received from customers for goods or services purchased in the ordinary course of business or consistent
with past practice; (d) letters of credit, bankers’ acceptances, discounted bills of exchange, discounting or factoring of
receivables or payables for credit management purposes, warehouse receipts, guarantees or other similar instruments or obligations issued
or entered into, or relating to liabilities or obligations incurred in the ordinary course of business or consistent with past practice;
(e) Cash Management Obligations; and (f) Settlement Indebtedness;

 

(9)            Indebtedness
arising from agreements providing for guarantees, indemnification, obligations in respect of earn-outs, deferred purchase price or other
adjustments of purchase price or, in each case, similar obligations, in each case, incurred or assumed in connection with the acquisition
or disposition of any business, assets, a Person (including any Capital Stock of a Subsidiary) or Investment (other than Guarantees of
Indebtedness incurred by any Person acquiring or disposing of such business, assets, Person or Investment for the purpose of financing
such acquisition or disposition);

 

(10)          Indebtedness
in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness incurred
pursuant to this clause and then outstanding, will not exceed 200% of the net cash proceeds received by the Company from the issuance
or sale (other than to a Restricted Subsidiary) of its Capital Stock or otherwise contributed to the equity (in each case, other than
through the issuance of Disqualified Stock, Designated Preferred Stock or an Excluded Contribution) of the Company, in each case, subsequent
to the Issue Date, and any Refinancing Indebtedness in respect thereof; provided, however, that (i) any such net cash proceeds that
are so received or contributed shall not increase the amount available for making Restricted Payments to the extent the Company and its
Restricted Subsidiaries incur Indebtedness in reliance thereon and (ii) any net cash proceeds that are so received or contributed
shall be excluded for purposes of incurring Indebtedness pursuant to this clause to the extent such net cash proceeds or cash have been
applied to make Restricted Payments;

 

(11)          Indebtedness
of Non-Guarantors in an aggregate principal amount not to exceed the greater of (a) $160.0 million and (b) 20.0% of LTM EBITDA
at the time of incurrence, and any Refinancing Indebtedness in respect thereof;

 

(12)          (a) Indebtedness
issued by the Company or any of its Subsidiaries to any future, present or former employee, director, officer, manager, contractor, consultant
or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Company, any of its Subsidiaries
or any Parent Entity, in each case to finance the purchase or redemption of Capital Stock of the Company or any Parent Entity that is
permitted by ‎Section 3.3 and (b) Indebtedness consisting of obligations under deferred compensation or any other
similar arrangements incurred in the ordinary course of business, consistent with past practice or in connection with the Transactions,
any Investment or any acquisition (by merger, consolidation, amalgamation or otherwise);

 

(13)          Indebtedness
of the Company or any of its Restricted Subsidiaries consisting of (i) the financing of insurance premiums or (ii) take-or-pay
obligations contained in supply arrangements, in each case incurred in the ordinary course of business or consistent with past practice;

 

(14)          Indebtedness
in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness incurred
pursuant to this clause and then outstanding, will not exceed the greater of (x) $325.0 million and (y) 40.0% of LTM EBITDA
and any Refinancing Indebtedness in respect thereof;

 

    	 	-65-	 

     

    

 

(15)          Indebtedness
in respect of any Qualified Securitization Financing or any Receivables Facility;

 

(16)          any
obligation, or guaranty of any obligation, of the Company or any Restricted Subsidiary to reimburse or indemnify a Person extending credit
to customers of the Company or a Restricted Subsidiary incurred in the ordinary course of business or consistent with past practice for
all or any portion of the amounts payable by such customers to the Person extending such credit;

 

(17)          Indebtedness
to a customer to finance the acquisition of any equipment necessary to perform services for such customer; provided that the terms
of such Indebtedness are consistent with those entered into with respect to similar Indebtedness prior to the Issue Date, including that
(i) the repayment of such Indebtedness is conditional upon such customer ordering a specific amount of goods or services and (ii) such
Indebtedness does not bear interest or provide for scheduled amortization or maturity;

 

(18)          Indebtedness
incurred by the Company or any of its Restricted Subsidiaries to the extent that the net proceeds thereof are promptly deposited with
the Trustee to satisfy or discharge the Notes or exercise the Company’s legal defeasance or covenant defeasance, in each case,
in accordance with this Indenture; and

 

(19)          Indebtedness
of the Company or any of its Restricted Subsidiaries arising pursuant to any Permitted Tax Restructuring.

 

(c)            For
purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness incurred pursuant to and
in compliance with, this ‎Section 3.2:

 

(1)            in
the event that all or any portion of any item of Indebtedness meets the criteria of more than one of the types of Indebtedness described
in Sections ‎3.2(a) and (b), the Company, in its sole discretion, shall classify, and may from time to time reclassify,
such item of Indebtedness (or any portion thereof) and only be required to include the amount and type of such Indebtedness in ‎Section 3.2(a) or
one of the clauses of ‎Section 3.2(b);

 

(2)            additionally,
all or any portion of any item of Indebtedness may later be reclassified as having been incurred pursuant to any type of Indebtedness
described in Sections ‎3.2(a) or ‎(b) so long as such Indebtedness is permitted to be incurred pursuant to such
provision and any related Liens are permitted to be incurred at the time of reclassification (it being understood that any Indebtedness
incurred pursuant to one of the clauses of ‎Section 3.2(b) shall cease to be deemed incurred or outstanding for
purposes of such clause but shall be deemed incurred for the purposes of the ‎Section 3.2(a) from and after the
first date on which the Company or its Restricted Subsidiaries could have incurred such Indebtedness under ‎Section 3.2(a) without
reliance on such clause);

 

(3)            all
Indebtedness outstanding on the Issue Date under the Credit Agreement and the Existing Secured Notes shall be deemed incurred on the
Issue Date under ‎Section 3.2(b)(1);

 

(4)            in
the case of any Refinancing Indebtedness, when measuring the outstanding amount of such Indebtedness, such amount shall not include the
aggregate amount of accrued and unpaid interest, dividends, premiums (including tender premiums), defeasance costs, underwriting discounts,
fees, costs and expenses (including original issue discount, upfront fees or similar fees) in connection with such refinancing;

 

(5)            Guarantees
of, or obligations in respect of letters of credit, bankers’ acceptances or other similar instruments relating to, or Liens securing, Indebtedness
that is otherwise included in the determination of a particular amount of Indebtedness shall not be included;

 

(6)            if
obligations in respect of letters of credit, bankers’ acceptances or other similar instruments are incurred pursuant to any Credit
Facility and are being treated as incurred pursuant to ‎Section 3.2(a) or any clause of ‎Section 3.2(b) and
the letters of credit, bankers’ acceptances or other similar instruments relate to other Indebtedness, then such other Indebtedness
shall not be included;

 

    	 	-66-	 

     

    

 

(7)            the
principal amount of any Disqualified Stock of the Company or a Restricted Subsidiary, or Preferred Stock of a Restricted Subsidiary,
will be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or
repurchase premium) or the liquidation preference thereof;

 

(8)            Indebtedness
permitted by this ‎Section 3.2 need not be permitted solely by reference to one provision permitting such Indebtedness
but may be permitted in part by one such provision and in part by one or more other provisions of this ‎Section 3.2 permitting
such Indebtedness;

 

(9)            for
all purposes under this Indenture, including for purposes of calculating the Fixed Charge Coverage Ratio, the Consolidated Secured Leverage
Ratio or the Consolidated Total Leverage Ratio, as applicable, in connection with the incurrence, issuance or assumption of any Indebtedness
pursuant to ‎Section 3.2(a) or ‎Section 3.2(b) or the incurrence or creation of any Lien pursuant
to the definition of “Permitted Liens,” the Company may elect, at its option, to treat all or any portion of the committed
amount of any Indebtedness (and the issuance and creation of letters of credit and bankers’ acceptances thereunder) which is to
be incurred (or any commitment in respect thereof) or secured by such Lien, as the case may be (any such committed amount elected until
revoked as described below, the “Reserved Indebtedness Amount”), as being incurred as of such election date, and,
if such Fixed Charge Coverage Ratio, the Consolidated Secured Leverage Ratio, the Consolidated Total Leverage Ratio or other provision
of this Indenture, as applicable, is complied with (or satisfied) with respect thereto on such election date, any subsequent borrowing
or reborrowing thereunder (and the issuance and creation of letters of credit and bankers’ acceptances thereunder) will be deemed
to be permitted under this ‎Section 3.2 or the definition of “Permitted Liens,” as applicable, whether or
not the Fixed Charge Coverage Ratio, the Consolidated Secured Leverage Ratio, the Consolidated Total Leverage Ratio or other provision
of this Indenture, as applicable, at the actual time of any subsequent borrowing or reborrowing (or issuance or creation of letters of
credit or bankers’ acceptances thereunder) is complied with (or satisfied) for all purposes (including as to the absence of any
continuing Default or Event of Default); provided that for purposes of subsequent calculations of the Fixed Charge Coverage Ratio,
the Consolidated Secured Leverage Ratio, the Consolidated Total Leverage Ratio or other provision of this Indenture, as applicable, the
Reserved Indebtedness Amount shall be deemed to be outstanding, whether or not such amount is actually outstanding, for so long as such
commitments are outstanding or until the Company revokes an election of a Reserved Indebtedness Amount;

 

(10)           notwithstanding
anything in this ‎Section 3.2 to the contrary, in the case of any Indebtedness incurred to refinance Indebtedness initially
incurred in reliance on ‎Section 3.2(b) measured by reference to a percentage of LTM EBITDA at the time of incurrence,
if such refinancing would cause the percentage of LTM EBITDA restriction to be exceeded if calculated based on the percentage of LTM
EBITDA on the date of such refinancing, such percentage of LTM EBITDA restriction shall not be deemed to be exceeded so long as the principal
amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced, plus accrued and
unpaid interest, dividends, premiums (including tender premiums), defeasance costs, underwriting discounts, fees, costs and expenses
(including original issue discount, upfront fees or similar fees) in connection with such refinancing; and

 

(11)           the
amount of Indebtedness issued at a price that is less than the principal amount thereof will be equal to the amount of the liability
in respect thereof determined in accordance with GAAP.

 

Accrual
of interest, accrual of dividends, the accretion of accreted value, the accretion or amortization of original issue discount, the payment
of interest in the form of additional Indebtedness, the payment of dividends in the form of additional shares of Preferred Stock or Disqualified
Stock or the reclassification of commitments or obligations not treated as Indebtedness due to a change in GAAP, will not be deemed to
be an incurrence of Indebtedness for purposes of this ‎Section 3.2.

 

    	 	-67-	 

     

    

 

If
at any time an Unrestricted Subsidiary becomes a Restricted Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be incurred
by a Restricted Subsidiary as of such date (and, if such Indebtedness is not permitted to be incurred as of such date under this ‎Section 3.2,
the Company shall be in default of this ‎Section 3.2).

 

For purposes of determining compliance with any
Dollar-denominated restriction on the incurrence of Indebtedness, the Dollar equivalent principal amount of Indebtedness denominated
in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred,
in the case of term debt, or first committed, in the case of revolving credit debt; provided that if such Indebtedness is incurred
to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable Dollar-denominated
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such Dollar-denominated
restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed
(a) the principal amount of such Indebtedness being refinanced plus (b) the aggregate amount of accrued and unpaid interest,
dividends, premiums (including tender premiums) defeasance costs, underwriting discounts, fees, costs and expenses (including original
issue discount, upfront fees or similar fees) in connection with such refinancing.

 

Notwithstanding
any other provision of this ‎Section 3.2, the maximum amount of Indebtedness
that the Company or a Restricted Subsidiary may incur pursuant to this ‎Section 3.2
shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of
any Indebtedness incurred to refinance other Indebtedness, if incurred in a different currency from the Indebtedness being refinanced,
shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated
that is in effect on the date of such refinancing.

 

Section 3.3.     Limitation
on Restricted Payments.

 

(a)            The
Company shall not, and shall not permit any of the Restricted Subsidiaries, directly or indirectly, to:

 

(1)            declare
or pay any dividend or make any distribution on or in respect of the Company’s or any Restricted Subsidiary’s Capital Stock
(including any such payment in connection with any merger or consolidation involving the Company or any of the Restricted Subsidiaries)
except:

 

(i)            dividends,
payments or distributions payable in Capital Stock of the Company (other than Disqualified Stock) or in options, warrants or other rights
to purchase such Capital Stock of the Company; and

 

(ii)           dividends,
payments or distributions payable to the Company or a Restricted Subsidiary (and, in the case of any such Restricted Subsidiary making
such dividend or distribution, to holders of its Capital Stock other than the Company or another Restricted Subsidiary on no more than
a pro rata basis);

 

(2)            purchase,
repurchase, redeem, retire or otherwise acquire or retire for value any Capital Stock of the Company or any Parent Entity held by Persons
other than the Company or a Restricted Subsidiary;

 

(3)            purchase,
repurchase, redeem, defease or otherwise acquire or retire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking
fund payment, any Subordinated Indebtedness (other than (i) any such purchase, repurchase, redemption, defeasance or other acquisition
or retirement in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case, due within
one year of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement and (ii) any Indebtedness
incurred pursuant to ‎Section 3.2(b)(3)); or

 

    	 	-68-	 

     

    

 

(4)            make
any Restricted Investment;

 

(any such dividend, distribution, payment, purchase, redemption,
repurchase, defeasance, other acquisition, retirement or Restricted Investment referred to in clauses ‎(1) through ‎(4) above
are referred to herein as a “Restricted Payment”), if at the time the Company or such Restricted Subsidiary makes
such Restricted Payment:

 

(i)            in
the case of a Restricted Payment other than a Restricted Investment, an Event of Default shall have occurred and be continuing (or would
immediately thereafter result therefrom);

 

(ii)           the
Company is not able to incur an additional $1.00 of Indebtedness pursuant to ‎Section 3.2(a) immediately after giving
effect, on a pro forma basis, to such Restricted Payment; or

 

(iii)          the
aggregate amount of such Restricted Payment and all other Restricted Payments made subsequent to the Existing Notes Issue Date (and not
returned or rescinded) (including Permitted Payments made pursuant to ‎Section 3.3(b)(1) (without duplication) and
‎Section 3.3(b)(7), but excluding all other Restricted Payments permitted by ‎Section 3.3(b)) would exceed
the sum of (without duplication):

 

(A)            50%
of Consolidated Net Income for the period (treated as one accounting period) from January 1, 2019 to the end of the most recent
fiscal quarter ending prior to the date of such Restricted Payment for which consolidated financial statements are available (which may
be internal financial statements) (or, in the case such Consolidated Net Income is a deficit, an amount equal to zero);

 

(B)            100%
of the aggregate amount of cash, and the fair market value of property or assets or marketable securities, received by the Company from
the issue or sale of its Capital Stock or as the result of a merger or consolidation with another Person subsequent to the Existing Notes
Issue Date or otherwise contributed to the equity (in each case other than through the issuance of Disqualified Stock or Designated Preferred
Stock) of the Company or a Restricted Subsidiary (including the aggregate principal amount of any Indebtedness of the Company or a Restricted
Subsidiary contributed to the Company or a Restricted Subsidiary for cancellation) or that becomes part of the capital of the Company
or a Restricted Subsidiary through consolidation or merger subsequent to the Existing Notes Issue Date (other than (x) net cash
proceeds or property or assets or marketable securities received from an issuance or sale of such Capital Stock to a Restricted Subsidiary
or an employee stock ownership plan or trust established by the Company or any Subsidiary of the Company for the benefit of their employees
to the extent funded by the Company or any Restricted Subsidiary, (y) cash or property or assets or marketable securities to the
extent that any Restricted Payment has been made from such proceeds in reliance on ‎Section 3.3(b)(6) and (z) Excluded
Contributions);

 

(C)            100%
of the aggregate amount of cash, and the fair market value of property or assets or marketable securities, received by the Company or
any Restricted Subsidiary from the issuance or sale (other than to the Company or a Restricted Subsidiary or an employee stock ownership
plan or trust established by the Company or any Subsidiary of the Company for the benefit of their employees to the extent funded by
the Company or any Restricted Subsidiary) by the Company or any Restricted Subsidiary subsequent to the Existing Notes Issue Date of
any Indebtedness, Disqualified Stock or Designated Preferred Stock that has been converted into or exchanged for Capital Stock of the
Company (other than Disqualified Stock or Designated Preferred Stock) plus, without duplication, the amount of any cash, and the fair
market value of property or assets or marketable securities, received by the Company or any Restricted Subsidiary upon such conversion
or exchange;

 

    	 	-69-	 

     

    

 

(D)            100%
of the aggregate amount received in cash and the fair market value, as determined in good faith by the Company, of marketable securities
or other property received by means of: (i) the sale or other disposition (other than to the Company or a Restricted Subsidiary)
of, or other returns on Investment from, Restricted Investments made by the Company or the Restricted Subsidiaries and repurchases and
redemptions of, or cash distributions or cash interest received in respect of, such Investments from the Company or the Restricted Subsidiaries
and repayments of loans or advances, and releases of guarantees, which constitute Restricted Investments by the Company or the Restricted
Subsidiaries, in each case after the Existing Notes Issue Date; or (ii) the sale or other disposition (other than to the Company
or a Restricted Subsidiary) of the Capital Stock of an Unrestricted Subsidiary or a dividend, payment or distribution from an Unrestricted
Subsidiary (other than to the extent of the amount of the Investment that constituted a Permitted Investment or was made under ‎Section 3.3(b)(17)
and will increase the amount available under the applicable clause of the definition of “Permitted Investment” or ‎Section 3.3(b)(17),
as the case may be) or a dividend from a Person that is not a Restricted Subsidiary after the Existing Notes Issue Date;

 

(E)            in
the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary or the merger, amalgamation or consolidation of
an Unrestricted Subsidiary into the Company or a Restricted Subsidiary or the transfer of all or substantially all of the assets of an
Unrestricted Subsidiary to the Company or a Restricted Subsidiary after the Existing Notes Issue Date, the fair market value of the Investment
in such Unrestricted Subsidiary (or the assets transferred), as determined in good faith by the Company at the time of the redesignation
of such Unrestricted Subsidiary as a Restricted Subsidiary or at the time of such merger, amalgamation or consolidation or transfer of
assets (after taking into consideration any Indebtedness associated with the Unrestricted Subsidiary so designated or merged, amalgamated
or consolidated or Indebtedness associated with the assets so transferred), other than to the extent of the amount of the Investment
that constituted a Permitted Investment or was made under ‎Section 3.3(b)(17) and will increase the amount available
under the applicable clause of the definition of “Permitted Investment” or ‎Section 3.3(b)(17), as the case
may be; and

 

(F)            $250.0
million.

 

(b)            ‎Section 3.3(a) will
not prohibit any of the following (collectively, “Permitted Payments”):

 

(1)            the
payment of any dividend or distribution within 60 days after the date of declaration thereof, if at the date of declaration such payment
would have complied with the provisions of this Indenture or the redemption, repurchase or retirement of Indebtedness if, at the date
of any redemption notice, such payment would have complied with the provisions of this Indenture as if it were and is deemed at such
time to be a Restricted Payment at the time of such notice;

 

(2)            (a) any
prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement or other acquisition of Capital Stock, including any
accrued and unpaid dividends thereon (“Treasury Capital Stock”) or Subordinated Indebtedness made by exchange (including
any such exchange pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of the issuance
of fractional shares) for, or out of the proceeds of the substantially concurrent sale of, Capital Stock of the Company or any Parent
Entity to the extent contributed to the Company (in each case, other than Disqualified Stock or Designated Preferred Stock) (“Refunding
Capital Stock”), (b) the declaration and payment of dividends on Treasury Capital Stock out of the proceeds of the substantially
concurrent sale or issuance (other than through the issuance of Disqualified Stock or Designated Preferred Stock) to a Subsidiary of
the Company or to an employee stock ownership plan or any trust established by the Company or any of its Subsidiaries, and (c) if
immediately prior to the retirement of Treasury Capital Stock, the declaration and payment of dividends thereon was permitted under ‎Section 3.3(b)(13),
the declaration and payment of dividends on the Refunding Capital Stock (other than Refunding Capital Stock the proceeds of which were
used to redeem, repurchase, retire or otherwise acquire any Capital Stock of a Parent Entity) in an aggregate amount per year no greater
than the aggregate amount of dividends per annum that were declarable and payable on such Treasury Capital Stock immediately prior to
such retirement;

 

    	 	-70-	 

     

    

 

(3)            any
prepayment, purchase, repurchase, exchange, redemption, defeasance, discharge, retirement or other acquisition of Subordinated Indebtedness
made by exchange for, or out of the proceeds of the substantially concurrent sale of, Refinancing Indebtedness permitted to be incurred
pursuant to ‎Section 3.2;

 

(4)            any
prepayment, purchase, repurchase, exchange, redemption, defeasance, discharge, retirement or other acquisition of Preferred Stock of
the Company or a Restricted Subsidiary made by exchange for, or out of the proceeds of, the substantially concurrent sale of Preferred
Stock of the Company or a Restricted Subsidiary, as the case may be, that, in each case, is permitted to be incurred pursuant to ‎Section 3.2;

 

(5)            any
prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement or other acquisition of Subordinated Indebtedness of
the Company or a Restricted Subsidiary:

 

(i)            from
net cash proceeds to the extent permitted under ‎Section 3.5, but only if the Company shall have first complied with
‎Section 3.5 and purchased all Notes tendered pursuant to any offer to repurchase all the Notes required thereby, prior
to prepaying, purchasing, repurchasing, redeeming, defeasing, discharging, retiring or otherwise acquiring such Subordinated Indebtedness;
or

 

(ii)           to
the extent required by the agreement governing such Subordinated Indebtedness, following the occurrence of (i) a Change of Control
(or other similar event described therein as a “change of control”) or (ii) an Asset Disposition (or other similar event
described therein as an “asset disposition” or “asset sale”), but only if the Company shall have first complied
with ‎Section 3.5 or ‎Section 3.9, as applicable, and purchased all Notes tendered pursuant to the offer
to repurchase all the Notes required thereby, prior to purchasing, repurchasing, redeeming, defeasing or otherwise acquiring or retiring
such Subordinated Indebtedness; or

 

(iii)          consisting
of Acquired Indebtedness (other than Indebtedness incurred (A) to provide all or any portion of the funds utilized to consummate
the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was otherwise acquired
by the Company or a Restricted Subsidiary or (B) otherwise in connection with or contemplation of such acquisition);

 

    	 	-71-	 

     

    

 

(6)            a
Restricted Payment to pay for the prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement or other acquisition
of Capital Stock (other than Disqualified Stock) of the Company or any Parent Entity held by any future, present or former employee,
director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family
Members) of the Company, any of its Subsidiaries or any Parent Entity pursuant to any management equity plan, stock option plan, phantom
equity plan or any other management, employee benefit, or other compensatory plan or agreement (and any successor plans or arrangements
thereto), employment, termination or severance agreement, or any stock subscription or equityholder agreement (including, for the avoidance
of doubt, any principal and interest payable on any Indebtedness issued by the Company or any Parent Entity in connection with such prepayment,
purchase, repurchase, redemption, defeasance, discharge, retirement or other acquisition), including any Capital Stock rolled over, accelerated
or paid out by or to any employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment
Affiliates or Immediate Family Members) of the Company or any Parent Entity in connection with any transaction; provided, however,
that the aggregate Restricted Payments made under this clause do not exceed the greater of $120.0 million and 15.0% of LTM EBITDA in
any calendar year (with unused amounts in any calendar year being carried over to succeeding calendar years subject to a maximum of the
greater of $205.0 million and 25.0% of LTM EBITDA in any calendar year); provided, further, that such amount in any calendar year
may be increased by an amount not to exceed:

 

(i)            the
cash proceeds from the sale of Capital Stock (other than Disqualified Stock) of the Company and, to the extent contributed to the capital
of the Company, the cash proceeds from the sale of Capital Stock of any Parent Entity, in each case, to any future, present or former
employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate
Family Members) of the Company, any of its Subsidiaries or any Parent Entity that occurred after the Existing Notes Issue Date, to the
extent the cash proceeds from the sale of such Capital Stock have not otherwise been applied to the payment of Restricted Payments by
virtue of Section 3.3(a)(iii); plus

 

(ii)           the
cash proceeds of key man life insurance policies received by the Company or its Restricted Subsidiaries (or any Parent Entity to the
extent contributed to the Company) after the Existing Notes Issue Date; less

 

(iii)          the
amount of any Restricted Payments made in previous calendar years pursuant to clauses ‎(i) and ‎(ii) of this clause (6);

 

provided,
further, that (i) cancellation of Indebtedness owing to the Company or any Restricted Subsidiary from any future, present
or former employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates
or Immediate Family Members) of the Company or Restricted Subsidiaries or any Parent Entity in connection with a repurchase of Capital
Stock of the Company or any Parent Entity and (ii) the repurchase of Capital Stock deemed to occur upon the exercise of options,
warrants or similar instruments if such Capital Stock represents all or a portion of the exercise price thereof and payments, in lieu
of the issuance of fractional shares of such Capital Stock or withholding to pay other taxes payable in connection therewith, in the
case of each of clauses (i) and (ii), will not be deemed to constitute a Restricted Payment for purposes of this ‎Section 3.3
or any other provision of this Indenture;

 

(7)            the
declaration and payment of dividends on Disqualified Stock of the Company or any of its Restricted Subsidiaries or Preferred Stock of
a Restricted Subsidiary, issued in accordance with ‎Section 3.2;

 

(8)            payments
made or expected to be made by the Company or any Restricted Subsidiary in respect of withholding or similar taxes payable in connection
with the exercise or vesting of Capital Stock or any other equity award by any future, present or former employee, director, officer,
manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) of the
Company or any Restricted Subsidiary or any Parent Entity and purchases, repurchases, redemptions, defeasances or other acquisitions
or retirements of Capital Stock deemed to occur upon the exercise, conversion or exchange of stock options, warrants, equity-based awards
or other rights in respect thereof if such Capital Stock represents a portion of the exercise price thereof or payments in respect of
withholding or similar taxes payable upon exercise or vesting thereof;

 

(9)            dividends,
loans, advances or distributions to any Parent Entity or other payments by the Company or any Restricted Subsidiary in amounts equal
to (without duplication):

 

(i)            the
amounts required for any Parent Entity to pay any Parent Entity Expenses or any Related Taxes;

 

    	 	-72-	 

     

    

 

(ii)           amounts
constituting or to be used for purposes of making payments to the extent specified in Sections ‎3.8(b)(2), ‎(3),
 ‎(5), ‎(11), ‎(12), ‎(13), ‎(15) and ‎(19); and

 

(iii)          up
to $2.5 million per calendar year;

 

(10)          (a) the
declaration and payment of dividends on the common stock or common equity interests of the Company or any Parent Entity (and any equivalent
declaration and payment of a distribution of any security exchangeable for such common stock or common equity interests to the extent
required by the terms of any such exchangeable securities and any Restricted Payment to any such Parent Entity to fund the payment by
such Parent Entity of dividends on such entity’s Capital Stock), following a public offering of such common stock or common equity
interests (or such exchangeable securities, as applicable), in an amount in any fiscal year not to exceed the sum of (i) up to 6%
of the amount of net cash proceeds received by or contributed to the Company or any of its Restricted Subsidiaries from any such public
offering and (ii) an aggregate amount not to exceed 5% of Market Capitalization; or (b) in lieu of all or a portion of the
dividends permitted by subclause (a), any prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement or other
acquisition of the Company’s Capital Stock (and any equivalent declaration and payment of a distribution of any security exchangeable
for such common stock or common equity interests to the extent required by the terms of any such exchangeable securities and any Restricted
Payment to any such Parent Entity to fund the payment by such Parent Entity of dividends on such entity’s Capital Stock) for aggregate
consideration that, when taken together with dividends permitted by subclause (a), does not exceed the amount contemplated by subclause (a);

 

(11)          payments
by the Company, or loans, advances, dividends or distributions to any Parent Entity to make payments, to holders of Capital Stock of
the Company or any Parent Entity in lieu of the issuance of fractional shares of such Capital Stock; provided, however,
that any such payment, loan, advance, dividend or distribution shall not be for the purpose of evading any limitation of this ‎Section 3.3
or otherwise to facilitate any dividend or other return of capital to the holders of such Capital Stock (as determined in good faith
by the Company);

 

(12)          Restricted
Payments that are made (a) in an amount not to exceed the amount of Excluded Contributions or (b) in an amount equal to the
amount of net cash proceeds from an asset sale or disposition in respect of property or assets acquired, if the acquisition of such property
or assets was financed with Excluded Contributions, provided that such amount will not increase the amount available pursuant
to ‎Section 3.3(a)(iii)(B);

 

(13)          (i) the
declaration and payment of dividends on Designated Preferred Stock of the Company or any of its Restricted Subsidiaries issued after
the Existing Notes Issue Date; (ii) the declaration and payment of dividends to a Parent Entity in an amount sufficient to allow
the Parent Entity to pay dividends to holders of its Designated Preferred Stock issued after the Existing Notes Issue Date; and (iii) the
declaration and payment of dividends on Refunding Capital Stock that is Preferred Stock; provided, however, that,
in the case of clause ‎(13), the amount of dividends paid to a Person pursuant to such clause shall not exceed the cash proceeds
received by the Company or the aggregate amount contributed in cash to the equity of the Company (other than through the issuance of
Disqualified Stock or an Excluded Contribution of the Company), from the issuance or sale of such Designated Preferred Stock; provided
further, in the case of clauses ‎(13) and ‎(13), that for the most recently ended four fiscal quarters for which consolidated
financial statements are available (which may be internal financial statements) immediately preceding the date of issuance of such Designated
Preferred Stock or declaration of such dividends on such Refunding Capital Stock, after giving effect to such payment on a pro forma
basis the Company would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the test set forth in ‎Section 3.2(a);

 

    	 	-73-	 

     

    

 

(14)          distributions,
by dividend or otherwise, or other transfer or disposition of shares of Capital Stock of, or equity interests in, an Unrestricted Subsidiary
(or a Restricted Subsidiary that owns one or more Unrestricted Subsidiaries and no other material assets), or Indebtedness owed to the
Company or a Restricted Subsidiary by an Unrestricted Subsidiary (or a Restricted Subsidiary that owns one or more Unrestricted Subsidiaries
and no other material assets), in each case, other than Unrestricted Subsidiaries, substantially all of the assets of which are cash
and Cash Equivalents or proceeds thereof;

 

(15)          distributions
or payments of Securitization Fees, sales contributions and other transfers of Securitization Assets or Receivables Assets and purchases
of Securitization Assets or Receivables Assets pursuant to a Securitization Repurchase Obligation, in each case in connection with a
Qualified Securitization Financing or Receivables Facility;

 

(16)          any
Restricted Payment made in connection with the Transactions and any fees, costs and expenses (including all legal, accounting and other
professional fees, costs and expenses) related thereto, including Transaction Expenses, or used to fund amounts owed to Affiliates in
connection with the Transactions (including dividends to any Parent Entity to permit payment by such Parent Entity of such amounts);

 

(17)          (i) Restricted
Payments (including loans or advances) in an aggregate amount outstanding at the time made not to exceed the greater of $325.0 million
and 40.0% of LTM EBITDA at such time, and (ii) so long as no Event of Default has occurred and is continuing (or would result therefrom),
any Restricted Payments, so long as, immediately after giving pro forma effect to the payment of any such Restricted Payment and the
incurrence of any Indebtedness the net proceeds of which are used to make such Restricted Payment, the Consolidated Total Leverage Ratio
shall be no greater than 4.40 to 1.00;

 

(18)          mandatory
redemptions of Disqualified Stock issued as a Restricted Payment or as consideration for a Permitted Investment;

 

(19)          so
long as no Event of Default has occurred and is continuing (or would result therefrom), the redemption, defeasance, repurchase, exchange
or other acquisition or retirement of Subordinated Indebtedness of the Company or any Guarantor, so long as, immediately after giving
pro forma effect to the payment of any such Restricted Payment and the incurrence of any Indebtedness the net proceeds of which are used
to make such Restricted Payment, the Consolidated Total Leverage Ratio shall be no greater than 5.00 to 1.00;

 

(20)          payments
or distributions to dissenting stockholders pursuant to applicable law (including in connection with, or as a result of, exercise of
dissenters’ or appraisal rights and the settlement of any claims or action (whether actual, contingent or potential)), pursuant
to or in connection with a merger, amalgamation, consolidation or transfer of assets that complies with ‎Section 4.1
hereof;

 

(21)          Restricted
Payments to a Parent Entity to finance Investments that would otherwise be permitted to be made pursuant to this ‎Section 3.3
if made by the Company; provided that (a) such Restricted Payment shall be made substantially concurrently with
the closing of such Investment, (b) such Parent Entity shall, promptly following the closing thereof, cause (1) all property
acquired (whether assets or Capital Stock) to be contributed to the capital of the Company or one of its Restricted Subsidiaries or (2) the
merger or amalgamation of the Person formed or acquired into the Company or one of its Restricted Subsidiaries (to the extent not prohibited
by ‎Section 4.1) to consummate such Investment, (c) such Parent Entity and its Affiliates (other than the Company
or a Restricted Subsidiary) receives no consideration or other payment in connection with such transaction except to the extent the Company
or a Restricted Subsidiary could have given such consideration or made such payment in compliance with this Indenture, (d) any property
received by the Company shall not increase amounts available for Restricted Payments pursuant to Section 3.3(a)(iii), except
to the extent the fair market value at the time of such receipt of such property exceeds the Restricted Payments made pursuant to this
clause and (e) such Investment shall be deemed to be made by the Company or such Restricted Subsidiary pursuant to another provision
of this ‎Section 3.3 (other than pursuant to ‎Section 3.3(b)(12) hereof) or pursuant to the definition
of “Permitted Investment” (other than pursuant to clause ‎(12) thereof);

 

    	 	-74-	 

     

    

 

(22)          investments
or other Restricted Payments in an aggregate amount not to exceed an amount equal to Declined Excess Proceeds; and

 

(23)          any
Restricted Payment made in connection with a Permitted Intercompany Activity or Permitted Tax Restructuring.

 

For
purposes of determining compliance with this ‎Section 3.3, in the
event that a Restricted Payment or Investment (or portion thereof) meets the criteria of more than one of the categories of Permitted
Payments described in the clauses above, or is permitted pursuant to ‎Section 3.3(a) and/or one or more of the clauses
contained in the definition of “Permitted Investment,” the Company will be entitled to divide or classify (or later divide,
classify or reclassify in whole or in part in its sole discretion) such Restricted Payment or Investment (or portion thereof) in any
manner that complies with this ‎Section 3.3, including as an Investment pursuant
to one or more of the clauses contained in the definition of “Permitted Investment.”

 

The amount of all Restricted Payments (other than
cash) shall be the fair market value on the date of such Restricted Payment of the asset(s) or securities proposed to be paid, transferred
or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to such Restricted Payment. The fair market value
of any cash Restricted Payment shall be its face amount, and the fair market value of any non-cash Restricted Payment, property or assets
other than cash shall be determined conclusively by the Company acting in good faith.

 

In connection with any commitment, definitive
agreement or similar event relating to an Investment, the Company or applicable Restricted Subsidiary may designate such Investment as
having occurred on the date of the commitment, definitive agreement or similar event relating thereto (such date, the “Election
Date”) if, after giving pro forma effect to such Investment and all related transactions in connection therewith and any related
pro forma adjustments, the Company or any of its Restricted Subsidiaries would have been permitted to make such Investment on the relevant
Election Date in compliance with this Indenture, and any related subsequent actual making of such Investment will be deemed for all purposes
under this Indenture to have been made on such Election Date, including for purposes of calculating any ratio, compliance with any test,
usage of any baskets hereunder (if applicable) and EBITDA and for purposes of determining whether there exists any Default or Event of
Default (and all such calculations on and after the Election Date until the termination, expiration, passing, rescission, retraction
or rescindment of such commitment, definitive agreement or similar event shall be made on a pro forma basis giving effect thereto and
all related transactions in connection therewith).

 

Unrestricted Subsidiaries may use value transferred
from the Company and its Restricted Subsidiaries in a Permitted Investment to purchase or otherwise acquire Indebtedness or Capital Stock
of the Company, any Parent Entity or any of the Company’s Restricted Subsidiaries, and to transfer value to the holders of the
Capital Stock or any Parent Entity and to Affiliates thereof, and such purchase, acquisition, or transfer will not be deemed to be a
 “direct or indirect” action by the Company or its Restricted Subsidiaries.

 

If the Company or a Restricted Subsidiary makes
a Restricted Payment which at the time of the making of such Restricted Payment would in the good faith determination of the Company
be permitted under the provisions of this Indenture, such Restricted Payment shall be deemed to have been made in compliance with this
Indenture notwithstanding any subsequent adjustments made in good faith to the Company’s financial statements affecting Consolidated
Net Income or Consolidated EBITDA of the Company for any period.

 

For
the avoidance of doubt, this ‎Section 3.3 shall not restrict the making
of, or dividends or other distributions in amounts sufficient to make, any “AHYDO catch-up payment” with respect to any Indebtedness
of any Parent Entity, the Company or any of its Restricted Subsidiaries permitted to be incurred under this Indenture.

 

    	 	-75-	 

     

    

 

Section 3.4.        Limitation
on Restrictions on Distributions from Restricted Subsidiaries.

 

(a)           The
Company shall not, and shall not permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective
any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to:

 

(1)           pay
dividends or make any other distributions in cash or otherwise on its Capital Stock or pay any Indebtedness or other obligations owed
to the Company or any Restricted Subsidiary;

 

(2)           make
any loans or advances to the Company or any Restricted Subsidiary; or

 

(3)           sell,
lease or transfer any of its property or assets to the Company or any Restricted Subsidiary;

 

provided
that (x) the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or
liquidating distributions being paid on common stock and (y) the subordination of (including the application of any standstill requirements
to) loans or advances made to the Company or any Restricted Subsidiary to other Indebtedness incurred by the Company or any Restricted
Subsidiary shall not be deemed to constitute such an encumbrance or restriction.

 

(b)           The
provisions of ‎Section 3.4(a) shall not prohibit:

 

(1)           any
encumbrance or restriction pursuant to any Credit Facility or any other agreement or instrument, in each case, in effect at or entered
into on the Issue Date;

 

(2)           any
encumbrance or restriction pursuant to this Indenture, the Notes or the Note Guarantees;

 

(3)           any
encumbrance or restriction pursuant to applicable law, rule, regulation or order;

 

(4)           any
encumbrance or restriction pursuant to an agreement or instrument of a Person or relating to any Capital Stock or Indebtedness of a Person,
entered into on or before the date on which such Person was acquired by or merged, consolidated or otherwise combined with or into the
Company or any Restricted Subsidiary, or was designated as a Restricted Subsidiary or on which such agreement or instrument is assumed
by the Company or any Restricted Subsidiary in connection with an acquisition of assets (other than Capital Stock or Indebtedness incurred
as consideration in, or to provide all or any portion of the funds utilized to consummate, the transaction or series of related transactions
pursuant to which such Person became a Restricted Subsidiary or was acquired by the Company or was merged, consolidated or otherwise
combined with or into the Company or any Restricted Subsidiary or entered into in contemplation of or in connection with such transaction)
and outstanding on such date; provided that, for the purposes of this clause ‎(4), if another Person is the Successor
Company, any Subsidiary thereof or agreement or instrument of such Person or any such Subsidiary shall be deemed acquired or assumed
by the Company or any Restricted Subsidiary when such Person becomes the Successor Company;

 

(5)           any
encumbrance or restriction: (i) that restricts in a customary manner the subletting, assignment or transfer of any property or asset
that is subject to a lease, license or similar contract or agreement, or the assignment or transfer of any lease, license or other contract
or agreement; (ii) contained in mortgages, pledges, charges or other security agreements permitted under this Indenture or securing
Indebtedness of the Company or a Restricted Subsidiary permitted under this Indenture to the extent such encumbrances or restrictions
restrict the transfer or encumbrance of the property or assets subject to such mortgages, pledges, charges or other security agreements;
(iii) restrictions or conditions contained in any trading, netting, operating, construction, service, supply, purchase, sale or
other agreement to which the Company or any of its Restricted Subsidiaries is a party entered into in the ordinary course of business
or consistent with past practice; provided that such agreement prohibits the encumbrance of solely the property or assets of the
Company or such Restricted Subsidiary that are subject to such agreement, the payment rights arising thereunder or the proceeds thereof
and does not extend to any other asset or property of the Company or such Restricted Subsidiary or the assets or property of another
Restricted Subsidiary; or (iv) pursuant to customary provisions restricting dispositions of real property interests set forth in
any reciprocal easement agreements of the Company or any Restricted Subsidiary;

 

    	 	-76-	 

     

    

 

(6)           any
encumbrance or restriction pursuant to Purchase Money Obligations and Capitalized Lease Obligations permitted under this Indenture, in
each case, that impose encumbrances or restrictions on the property so acquired;

 

(7)           any
encumbrance or restriction imposed pursuant to an agreement entered into for the direct or indirect sale or disposition to a Person of
all or substantially all of the Capital Stock or assets of the Company or any Restricted Subsidiary (or the property or assets that are
subject to such restriction) pending the closing of such sale or disposition;

 

(8)           customary
provisions in leases, licenses, equityholder agreements, joint venture agreements, organizational documents and other similar agreements
and instruments;

 

(9)           encumbrances
or restrictions arising or existing by reason of applicable law or any applicable rule, regulation or order, or required by any regulatory
authority;

 

(10)         any
encumbrance or restriction on cash or other deposits or net worth imposed by customers under agreements entered into in the ordinary
course of business or consistent with past practice;

 

(11)         any
encumbrance or restriction pursuant to Hedging Obligations;

 

(12)         in
respect of other Indebtedness of Foreign Subsidiaries permitted to be incurred or issued subsequent to the Issue Date pursuant to ‎Section 3.2
that impose restrictions solely on the Foreign Subsidiaries party thereto or their Subsidiaries;

 

(13)          restrictions
created in connection with any Qualified Securitization Financing or Receivables Facility that, in the good faith determination of the
Company, are necessary or advisable to effect such Securitization Facility or Receivables Facility;

 

(14)         any
encumbrance or restriction arising pursuant to an agreement or instrument relating to any Indebtedness permitted to be incurred subsequent
to the Issue Date pursuant to ‎Section 3.2 if the encumbrances and restrictions contained in any such agreement or instrument
taken as a whole are not materially less favorable to the Holders than (i) the encumbrances and restrictions contained in the Credit
Agreement, together with the security documents associated therewith, or this Indenture as in effect on the Issue Date or (ii) in
comparable financings (as determined in good faith by the Company) and where, in the case of clause (ii), either (A) the Company
determines at the time of entry into such agreement or instrument that such encumbrances or restrictions will not adversely affect, in
any material respect, the Company’s ability to make principal or interest payments on the Notes or (B) such encumbrance or
restriction applies only during the continuance of a default in respect of a payment relating to such agreement or instrument;

 

(15)         any
encumbrance or restriction existing by reason of any Lien permitted under ‎Section 3.6; or

 

(16)         any
encumbrance or restriction pursuant to an agreement or instrument effecting a refinancing of Indebtedness incurred pursuant to, or that
otherwise refinances, an agreement or instrument referred to in the clauses above or this clause ‎(16) (an “Initial
Agreement”) or contained in any amendment, supplement or other modification to an agreement referred to in the clauses above
or this clause (16); provided, however, that the encumbrances and restrictions with respect to such Restricted Subsidiary
contained in any such agreement or instrument are no less favorable in any material respect to the Holders taken as a whole than the
encumbrances and restrictions contained in the Initial Agreement or Initial Agreements to which such refinancing or amendment, supplement
or other modification relates (as determined in good faith by the Company).

 

    	 	-77-	 

     

    

 

Section 3.5.        Limitation
on Sales of Assets and Subsidiary Stock.

 

(a)           The
Company shall not, and shall not permit any of its Restricted Subsidiaries to, make any Asset Disposition unless:

 

(1)           the
Company or such Restricted Subsidiary, as the case may be, receives consideration (including by way of relief from, or by any other Person
assuming responsibility for, any liabilities, contingent or otherwise) at least equal to the fair market value (such fair market value
to be determined on the date of contractually agreeing to such Asset Disposition), as determined in good faith by the Company, of the
shares and assets subject to such Asset Disposition (including, for the avoidance of doubt, if such Asset Disposition is a Permitted
Asset Swap);

 

(2)           in
any such Asset Disposition (except to the extent the Asset Disposition is a Permitted Asset Swap), at least 75% of the consideration
from such Asset Disposition, together with all other Asset Dispositions since the Issue Date (on a cumulative basis), (including by way
of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise) received by the Company
or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents; and

 

(3)           within
455 days from the later of (A) the date of such Asset Disposition and (B) the receipt of the Net Available Cash from such Asset
Disposition (as may be extended by an Acceptable Commitment or a Second Commitment as set forth below, the “Proceeds Application
Period”), an amount equal to 100% of such Net Available Cash is applied, to the extent the Company or any Restricted Subsidiary,
as the case may be, elects:

 

(i)            (a) to
reduce, prepay, repay or purchase any Secured Indebtedness, including Indebtedness under the Credit Agreement (or any Refinancing Indebtedness
in respect thereof), (b) to reduce, prepay, repay or purchase Pari Passu Indebtedness; provided that the Company ratably
repay the Notes, (c) to make an offer (in accordance with the procedures set forth below for an Asset Disposition Offer), redeem
Notes as described under ‎Section 5.7 or purchase Notes through open-market purchases or in privately negotiated transactions,
or (d) to reduce, prepay, repay or purchase any Indebtedness of a Non-Guarantor (in each case, other than Indebtedness owed to the
Company or any Restricted Subsidiary); provided, however, that, in connection with any reduction, prepayment, repayment or purchase
of Indebtedness pursuant to this clause (i), the Company or such Restricted Subsidiary will retire such Indebtedness and will cause
the related commitment (other than obligations in respect of any asset-based credit facility to the extent the assets sold or otherwise
disposed of in connection with such Asset Disposition constituted “borrowing base assets”) to be reduced in an amount equal
to the principal amount so reduced, prepaid, repaid or purchased;

 

(ii)           (a) to
invest (including capital expenditures) in or commit to invest in Additional Assets (including by means of an investment in Additional
Assets by a Restricted Subsidiary); or (b) to invest (including capital expenditures) in any one or more businesses (provided
that any such business will be a Restricted Subsidiary), properties or assets that replace the businesses, properties and/or assets
that are the subject of such Asset Disposition, with any such investment made by way of a capital or other lease valued at the present
value of the minimum amount of payments under such lease (as reasonably determined by the Company); provided, however, that a binding
agreement shall be treated as a permitted application of Net Available Cash from the date of such commitment with the good faith expectation
that an amount equal to Net Available Cash will be applied to satisfy such commitment within 180 days of such commitment (an “Acceptable
Commitment”) and, in the event of any Acceptable Commitment is later cancelled or terminated for any reason before such amount
is applied in connection therewith, the Company or such Restricted Subsidiary enters into another Acceptable Commitment (a “Second
Commitment”) within 180 days of such cancellation or termination; provided, further, that if any Second Commitment is later
cancelled or terminated for any reason before such amount is applied, then such Net Available Cash shall constitute Excess Proceeds;
or

 

    	 	-78-	 

     

    

 

(iii)          any
combination of the foregoing;

 

provided
that (1) pending the final application of the amount of any such Net Available Cash pursuant to this ‎Section 3.5,
the Company or the applicable Restricted Subsidiaries may apply such Net Available Cash temporarily to reduce Indebtedness (including
under the Senior Credit Facilities) or otherwise apply such Net Available Cash in any manner not prohibited by this Indenture and (2) the
Company (or any Restricted Subsidiary, as the case may be) may elect to invest in Additional Assets prior to receiving the Net Available
Cash attributable to any given Asset Disposition (provided that such investment shall be made no earlier than the earliest of
notice to the Trustee of the relevant Asset Disposition, execution of a definitive agreement for the relevant Asset Disposition, and
consummation of the relevant Asset Disposition) and deem the amount so invested to be applied pursuant to and in accordance with clause
(ii) above with respect to such Asset Disposition.

 

If, with respect to any Asset Disposition, at
the expiration of the Proceeds Application Period with respect to such Asset Disposition, there remains Net Available Cash in excess
of the greater of $80.0 million and 10.0% of LTM EBITDA (such amount, “Excess Proceeds”), then subject to the limitations
with respect to Foreign Dispositions set forth below, the Company shall make an offer (an “Asset Disposition Offer”)
no later than ten (10) Business Days after the expiration of the Proceeds Application Period to all Holders of Notes and, if required
by the terms of any Pari Passu Indebtedness, to all holders of such Pari Passu Indebtedness, to purchase the maximum principal amount
of such Notes and Pari Passu Indebtedness, as appropriate, on a pro rata basis, that may be purchased out of such Excess Proceeds, if
any, at an offer price, in the case of the Notes, in cash in an amount equal to 100% of the principal amount thereof (or in the event
such other Indebtedness was issued with original issue discount, 100% of the accreted value thereof), plus accrued and unpaid interest,
if any (or such lesser price with respect to Pari Passu Indebtedness, if any, as may be provided by the terms of such other Indebtedness),
to, but not including, the date fixed for the closing of such offer, in accordance with the procedures set forth in this Indenture and
the agreement governing the Pari Passu Indebtedness, as applicable, in minimum denominations of $2,000 and in integral multiples of $1,000
in excess thereof. Notices of an Asset Disposition shall be sent by first class mail or sent electronically, at least ten (10) days
but not more than 60 days before the purchase date to each Holder of the Notes at such Holder’s registered address or otherwise
in accordance with the applicable procedures of DTC. The Company may satisfy the foregoing obligation with respect to any Net Available
Cash from an Asset Disposition by making an Asset Disposition Offer prior to the expiration of the Proceeds Application Period (the “Advance
Offer”) with respect to all or a part of the Net Available Cash (the “Advance Portion”) in advance of being
required to do so by this Indenture.

 

(b)           To
the extent that the aggregate amount (or accreted value, as applicable) of Notes and, if applicable, any other Pari Passu Indebtedness
validly tendered or otherwise surrendered in connection with an Asset Disposition Offer is less than the amount offered in an Asset Disposition
Offer (or, in the case of an Advance Offer, the Advance Portion), the Company may use any remaining Excess Proceeds (or, in the case
of an Advance Offer, the Advance Portion) (the “Declined Excess Proceeds”) for any purpose not otherwise prohibited
by this Indenture. If the aggregate principal amount (or accreted value, as applicable) of the Notes or, if applicable, Pari Passu Indebtedness
validly tendered pursuant to any Asset Disposition Offer exceeds the amount of Excess Proceeds (or, in the case of an Advance Offer,
the Advance Portion), the Company shall allocate the Excess Proceeds among the Notes and Pari Passu Indebtedness to be purchased on a
pro rata basis on the basis of the aggregate principal amount (or accreted value, as applicable) of tendered Notes and Pari Passu Indebtedness;
provided that no Notes or other Pari Passu Indebtedness will be selected and purchased in an unauthorized denomination. Upon completion
of any Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero.

 

    	 	-79-	 

     

    

 

To the extent that any portion of Net Available
Cash payable in respect of the Notes is denominated in a currency other than Dollars, the amount thereof payable in respect of the Notes
shall not exceed the net amount of funds in Dollars that is actually received by the Company upon converting such portion into Dollars.

 

(c)           Notwithstanding
any other provisions of this ‎Section 3.5,

 

(i)            to
the extent that any of or all the Net Available Cash of any Asset Disposition are received or deemed to be received by a Foreign Subsidiary
(a “Foreign Disposition”) is (x) prohibited or delayed by applicable local law, (y) restricted by applicable
organizational documents or any agreement or (z) subject to other onerous organizational or administrative impediments from being
repatriated to the United States, the portion of such Net Available Cash so affected will not be required to be applied in compliance
with this ‎Section 3.5, and such amounts may be retained by the applicable Foreign Subsidiary so long, but only so long,
as the applicable local law documents or agreements will not permit repatriation to the United States (the Company hereby agreeing to
use reasonable efforts (as determined in the Company’s reasonable business judgment) to otherwise cause the applicable Foreign
Subsidiary to within one year following the date on which the respective payment would otherwise have been required, promptly take all
actions reasonably required by the applicable local law, applicable organizational impediments or other impediment to permit such repatriation),
and if within one year following the date on which the respective payment would otherwise have been required such repatriation of any
of such affected Net Available Cash is permitted under the applicable local law, applicable organizational impediment or other impediment,
such repatriation will be promptly effected and the amount of such repatriated Net Available Cash will be promptly (and in any event
not later than five (5) Business Days after such repatriation could be made) applied (net of additional Taxes payable or reserved
against as a result thereof) (whether or not repatriation actually occurs) in compliance with this ‎Section 3.5; and

 

(ii)           to
the extent that the Company has determined in good faith that repatriation of any of or all the Net Available Cash of any Foreign Disposition
would have an adverse Tax consequence (which for the avoidance of doubt, includes, but is not limited to, any prepayment out of any such
Net Available Cash whereby doing so the Company, any of its Subsidiaries, any Parent Entity or any of their respective affiliates and/or
equity owners would incur a Tax liability, including a Tax dividend, deemed dividend pursuant to Code Section 956 or a withholding
Tax), the Net Available Cash so affected may be retained by the applicable Foreign Subsidiary. The nonapplication of any prepayment amounts
as a consequence of the foregoing provisions will not, for the avoidance of doubt, constitute a Default or an Event of Default.

 

(d)           For
the purposes of ‎Section 3.5(a)(2) hereof, the following will be deemed to be cash:

 

(1)           the
assumption by the transferee of Indebtedness or other liabilities, contingent or otherwise of the Company or a Restricted Subsidiary
(other than Subordinated Indebtedness of the Company or a Guarantor) or the release of the Company or such Restricted Subsidiary from
all liability on such Indebtedness or other liability in connection with such Asset Disposition;

 

(2)           securities,
notes or other obligations received by the Company or any Restricted Subsidiary from the transferee that are converted by the Company
or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied for cash and Cash Equivalents
(to the extent of the cash or Cash Equivalents received), in each case, within 180 days following the closing of such Asset Disposition;

 

(3)           Indebtedness
of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Disposition, to the extent that the
Company and each other Restricted Subsidiary are released from any Guarantee of payment of such Indebtedness in connection with such
Asset Disposition;

 

    	 	-80-	 

     

    

 

(4)           consideration
consisting of Indebtedness of the Company (other than Subordinated Indebtedness) received after the Issue Date from Persons who are not
the Company or any Restricted Subsidiary; and

 

(5)           any
Designated Non-Cash Consideration received by the Company or any Restricted Subsidiary in such Asset Dispositions having an aggregate
fair market value, taken together with all other Designated Non-Cash Consideration received pursuant to this ‎Section 3.5
that is at that time outstanding, not to exceed the greater of $160.0 million and 20.0% of LTM EBITDA (with the fair market value
of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes
in value).

 

(e)           To
the extent that the provisions of any securities laws, rules or regulations, including Rule 14e-1 under the Exchange Act, conflict
with the provisions of this Indenture, the Company shall not be deemed to have breached its obligations described in this Indenture by
virtue of compliance therewith.

 

(f)           The
provisions of this Indenture relative to the Company’s obligation to make an offer to repurchase the Notes as a result of an Asset
Disposition may be waived or modified with the written consent of the Holders of a majority in aggregate principal amount of the Notes
then outstanding.

 

Section 3.6.       Limitation
on Liens. The Company shall not, and shall not permit any Guarantor to, directly or indirectly, create, incur or permit to exist
any Lien (except Permitted Liens) (each, an “Initial Lien”) that secures obligations under any Indebtedness or any
related guarantee thereof, on any asset or property of the Company or any Guarantor, unless:

 

(1)           in
the case of Liens securing Subordinated Indebtedness, the Notes and related Guarantees are secured by a Lien on such property, assets
or proceeds that is senior in priority to such Liens; or

 

(2)           in
all other cases, the Notes or the Guarantees are equally and ratably secured,

 

except that the foregoing shall not apply to Liens
securing the Notes and the related Guarantees.

 

Any Lien created for the benefit of the Holders
pursuant to the preceding sentence shall provide by its terms that such Lien shall be automatically and unconditionally released and
discharged upon the release and discharge of the Initial Lien.

 

With respect to any Lien securing Indebtedness
that was permitted to secure such Indebtedness at the time of the incurrence of such Indebtedness, such Lien shall also be permitted
to secure any Increased Amount of such Indebtedness. The “Increased Amount” of any Indebtedness shall mean any increase
in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original
issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount
or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange
rate of currencies or increases in the value of property securing Indebtedness.

 

    	 	-81-	 

     

    

 

Section 3.7.        Limitation
on Guarantees.

 

(a)           The
Company shall not permit any of its Wholly Owned Domestic Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Domestic
Subsidiaries if such non-Wholly Owned Domestic Subsidiaries guarantee other capital markets debt securities of the Company), other than
a Guarantor, a Foreign Subsidiary or a Securitization Subsidiary, to Guarantee the payment of (i) any syndicated Credit Facility
permitted under ‎Section 3.2(b)(1) or (ii) capital markets debt securities of the Company or any other Guarantor
unless:

 

(1)           such
Restricted Subsidiary within 60 days executes and delivers a supplemental indenture to this Indenture providing for a Guarantee by such
Restricted Subsidiary, except that with respect to a guarantee of Indebtedness of the Company or any Guarantor, if such Indebtedness
is by its express terms subordinated in right of payment to the Notes or such Guarantor’s Guarantee, any such guarantee by such
Restricted Subsidiary with respect to such Indebtedness shall be subordinated in right of payment to such Guarantee substantially to
the same extent as such Indebtedness is subordinated to the Notes or such Guarantor’s Guarantee of the Notes; and

 

(2)           such
Restricted Subsidiary waives and will not in any manner whatsoever claim or take the benefit or advantage of, any rights of reimbursement,
indemnity or subrogation or any other rights against the Company or any other Restricted Subsidiary as a result of any payment by such
Restricted Subsidiary under its Guarantee until payment in full of Obligations under this Indenture.

 

provided
that this ‎Section 3.7 shall not be applicable (i) to any guarantee of any Restricted Subsidiary that
existed at the time such Person became a Restricted Subsidiary and was not incurred in connection with, or in contemplation of, such
Person becoming a Restricted Subsidiary, or (ii) in the event that the Guarantee of the Company’s obligations under the Notes
or this Indenture by such Subsidiary would not be permitted under applicable law.

 

(b)           The
Company may elect, in its sole discretion, to cause or allow, as the case may be, any Subsidiary or any of its Parent Entities that is
not otherwise required to be a Guarantor to become a Guarantor, in which case, such Subsidiary or Parent Entity shall not be required
to comply with the 60-day period described in ‎Section 3.7(a) and such Guarantee may be released at any time in
the Company’s sole discretion so long as any Indebtedness of such Subsidiary then outstanding could have been incurred by such
Subsidiary (either (x) when so incurred or (y) at the time of the release of such Guarantee) assuming such Subsidiary were
not a Guarantor at such time.

 

(c)           If
any Guarantor becomes an Immaterial Subsidiary, the Company shall have the right, by delivery of a supplemental indenture executed by
the Company to the Trustee, to cause such Immaterial Subsidiary to automatically and unconditionally cease to be a Guarantor, subject
to the requirement described in ‎Section 3.7(a) above that such Subsidiary shall be required to become a Guarantor
if it ceases to be an Immaterial Subsidiary (except that if such Subsidiary has been properly designated as an Unrestricted Subsidiary
it shall not be so required to become a Guarantor or execute a supplemental indenture); provided, further, that such Immaterial
Subsidiary shall not be permitted to Guarantee the Credit Agreement or other Indebtedness of the Company or the other Guarantors, unless
it again becomes a Guarantor.

 

Section 3.8.        Limitation
on Affiliate Transactions.

 

(a)           The
Company shall not, and shall not permit any Restricted Subsidiary to enter into or conduct any transaction (including the purchase, sale,
lease or exchange of any property or the rendering of any service) with any Affiliate of the Company (an “Affiliate Transaction”)
involving aggregate value in excess of the greater of $60.0 million and 7.5% of LTM EBITDA unless:

 

(1)           the
terms of such Affiliate Transaction taken as a whole are not materially less favorable to the Company or such Restricted Subsidiary,
as the case may be, than those that could be obtained in a comparable transaction at the time of such transaction or the execution of
the agreement providing for such transaction in arm’s length dealings with a Person who is not such an Affiliate; and

 

(2)           in
the event such Affiliate Transaction involves an aggregate value in excess of the greater of $120.0 million and 15.0% of LTM EBITDA,
the terms of such transaction have been approved by a majority of the members of the Board of Directors of the Company.

 

Any Affiliate Transaction shall be deemed to have satisfied the requirements
set forth in clause ‎(2) of this ‎Section 3.8(a) if such Affiliate Transaction is approved by a majority
of the Disinterested Directors of the Company, if any.

 

    	 	-82-	 

     

    

 

(b)           The
provisions of ‎Section 3.8(a) above shall not apply to:

 

(1)           any
Restricted Payment permitted to be made pursuant to ‎Section 3.3 (including Permitted Payments) or any Permitted Investment;

 

(2)           any
issuance, transfer or sale of (a) Capital Stock (other than Disqualified Stock), options, other equity-related interests or other
securities, or other payments, awards or grants in cash, securities or otherwise to any Parent Entity, Permitted Holder or future, current
or former employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates
or Immediate Family Members) of the Company, any of its Subsidiaries or any of its Parent Entities and (b) directors’ qualifying
shares and shares issued to foreign nationals as required under applicable law;

 

(3)           any
Management Advances and any waiver or transaction with respect thereto;

 

(4)           (a) any
transaction between or among the Company and any Restricted Subsidiary (or entity that becomes a Restricted Subsidiary as a result of
such transaction), or between or among Restricted Subsidiaries and (b) any merger, amalgamation or consolidation with any Parent
Entity, provided that such Parent Entity shall have no material liabilities and no material assets other than cash, Cash Equivalents
and the Capital Stock of the Company and such merger, amalgamation or consolidation is otherwise permitted under this Indenture;

 

(5)           the
payment of compensation, fees, costs and expenses to, and indemnities (including under insurance policies) and reimbursements, employment
and severance arrangements, and employee benefit and pension expenses provided on behalf of, or for the benefit of, future, current or
former employees, directors, officers, managers, contractors, consultants, distributors or advisors (or their respective Controlled Investment
Affiliates or Immediate Family Members) of the Company, any Parent Entity or any Restricted Subsidiary (whether directly or indirectly
and including through their Controlled Investment Affiliates or Immediate Family Members);

 

(6)           the
entry into and performance of obligations of the Company or any of its Restricted Subsidiaries under the terms of any transaction arising
out of, and any payments pursuant to or for purposes of funding, any agreement or instrument in effect as of or on the Issue Date, as
these agreements and instruments may be amended, modified, supplemented, extended, renewed or refinanced from time to time in accordance
with the other terms of this ‎Section 3.8 or to the extent not disadvantageous in any material respect in the reasonable
determination of the Company to the Holders when taken as a whole as compared to the applicable agreement as in effect on the Issue Date;

 

(7)           any
transaction effected as part of a Qualified Securitization Financing or Receivables Facility, any disposition or acquisition of Securitization
Assets, Receivables Assets or related assets in connection with any Qualified Securitization Financing or Receivables Facility;

 

(8)           transactions
with customers, vendors, clients, joint venture partners, suppliers, contractors, distributors or purchasers or sellers of goods or services,
in each case in the ordinary course of business or consistent with past practice, which are fair to the Company or the its Restricted
Subsidiaries, in the reasonable determination of the Company, or are on terms, taken as a whole, that are not materially less favorable
as might reasonably have been obtained at such time from an unaffiliated party;

 

(9)           any
transaction between or among the Company or any Restricted Subsidiary and any Person (including a joint venture, but excluding an Unrestricted
Subsidiary) that is an Affiliate of the Company or an Associate or similar entity solely because the Company or a Restricted Subsidiary
or any Affiliate of the Company or a Restricted Subsidiary or any Affiliate of any Permitted Holder owns an equity interest in or otherwise
controls such Affiliate, Associate or similar entity;

 

(10)           any
issuance, sale or transfer of Capital Stock (other than Disqualified Stock or Designated Preferred Stock) of the Company, any Parent
Entity or any of its Restricted Subsidiaries or options, warrants or other rights to acquire such Capital Stock and the granting of registration
and other customary rights (and the performance of the related obligations) in connection therewith or any contribution to capital of
the Company or any Restricted Subsidiary;

 

    	 	-83-	 

     

    

 

(11)         (i) payments
by the Company or any Restricted Subsidiary to any Permitted Holder (whether directly or indirectly), including to its affiliates or
its designees, of management, consulting, monitoring, refinancing, transaction, advisory, indemnities and other fees, costs and expenses
(plus any unpaid management, consulting, monitoring, transaction, advisory, indemnities and other fees, costs and expenses accrued in
any prior year) and any exit and termination fees (including any such cash lump sum or present value fee upon the consummation of a corporate
event, including an initial public offering) pursuant to any management services or similar agreements or the management services or
other relevant provisions in an investor rights agreement, limited partnership agreement, limited liability company agreement or other
equityholders’ agreement, as the case may be, between the Investors or certain of the management companies associated with the
Investors or their advisors or Affiliates, if applicable, and the Company and/or its Parent Entities or Subsidiaries, as in effect on
the Issue Date (including any amendment thereto or replacement thereof so long as any such amendment or replacement is not materially
disadvantageous in the reasonable determination of the Company to the Holders when taken as a whole, as compared to the management services
or similar agreements as in effect immediately prior to such amendment or replacement) and (ii) payments by the Company or any Restricted
Subsidiary to any Permitted Holder (whether directly or indirectly, including through any Parent Entity) for financial advisory, financing,
underwriting or placement services or in respect of other investment banking activities, including in connection with acquisitions or
divestitures, which payments are approved in the case of each of clauses (i) and (ii) in the reasonable determination
of the Company or do not exceed the greater of $2.0 million and 0.25% of LTM EBITDA;

 

(12)         payment
to any Permitted Holder of all out of pocket expenses incurred by such Permitted Holder in connection with its direct or indirect investment
in the Company and its Subsidiaries;

 

(13)         the
Transactions and the payment of all fees, costs and expenses (including all legal, accounting and other professional fees, costs and
expenses) related to the Transactions, including Transaction Expenses;

 

(14)         transactions
in which the Company or any Restricted Subsidiary, as the case may be, delivers to the Trustee a letter from an Independent Financial
Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or meets the
requirements of ‎Section 3.8(a)(1);

 

(15)         the
existence of, or the performance by the Company or any Restricted Subsidiary of its obligations under the terms of, any equityholders,
investor rights or similar agreement (including any registration rights agreement or purchase agreements related thereto) to which it
is party as of the Issue Date and any similar agreement that it (or any Parent Entity) may enter into thereafter; provided that
the existence of, or the performance by the Company or any Restricted Subsidiary (or any Parent Entity) of its obligations under any
future amendment to any such existing agreement or under any similar agreement entered into after the Issue Date will only be permitted
under this clause to the extent that the terms of any such amendment or new agreement are not otherwise, when taken as a whole, more
disadvantageous to the Holders in any material respect in the reasonable determination of the Company than those in effect on the Issue
Date;

 

(16)         any
purchases by the Company’s Affiliates of Indebtedness or Disqualified Stock of the Company or any of the Restricted Subsidiaries
the majority of which Indebtedness or Disqualified Stock is purchased by Persons who are not the Company’s Affiliates; provided
that such purchases by the Company’s Affiliates are on the same terms as such purchases by such Persons who are not the Company’s
Affiliates;

 

    	 	-84-	 

     

    

 

(17)         (i) investments
by Affiliates in securities or loans of the Company or any of the Restricted Subsidiaries (and payment of reasonable out-of-pocket expenses
incurred by such Affiliates in connection therewith) so long as the investment is being offered by the Company or such Restricted Subsidiary
generally to other nonaffiliated third-party investors on the same or more favorable terms and (ii) payments to Affiliates in respect
of securities or loans of the Company or any of the Restricted Subsidiaries contemplated in the foregoing subclause (i) or that
were acquired from Persons other than the Company and its Restricted Subsidiaries, in each case, in accordance with the terms of such
securities or loans;

 

(18)         payments
by any Parent Entity, the Company and its Restricted Subsidiaries pursuant to any tax sharing or receivable agreements or other equity
agreements in respect of Related Taxes among any such Parent Entity, the Company and its Restricted Subsidiaries on customary terms to
the extent attributable to the ownership or operation of the Company and its Subsidiaries;

 

(19)         payments, Indebtedness
and Disqualified Stock (and cancellation of any thereof) of the Company and its Restricted Subsidiaries and Preferred Stock (and cancellation
of any thereof) of any Restricted Subsidiary to any future, current or former employee, director, officer, manager, contractor, consultant
or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Company, any of its Subsidiaries
or any of its Parent Entities pursuant to any management equity plan, stock option plan, phantom equity plan or any other management,
employee benefit or other compensatory plan or agreement (and any successor plans or arrangements thereto), employment, termination or
severance agreement, or any stock subscription or equityholder agreement with any such employee, director, officer, manager, contractor,
consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) that are, in each case, approved
by the Company in good faith;

 

(20)         any
management equity plan, stock option plan, phantom equity plan or any other management, employee benefit or other compensatory plan or
agreement (and any successor plans or arrangements thereto), employment, termination or severance agreement, or any stock subscription
or equityholder agreement between the Company or its Restricted Subsidiaries and any distributor, employee, director, officer, manager,
contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) approved by the
reasonable determination of the Company or entered into in connection with the Transactions;

 

(21)         any
transition services arrangement, supply arrangement or similar arrangement entered into in connection with or in contemplation of the
disposition of assets or Capital Stock in any Restricted Subsidiary permitted under ‎Section 3.5 or entered into with
any Business Successor, in each case, that the Company determines in good faith is either fair to the Company or otherwise on customary
terms for such type of arrangements in connection with similar transactions;

 

(22)         transactions
entered into by an Unrestricted Subsidiary with an Affiliate prior to the day such Unrestricted Subsidiary is redesignated as a Restricted
Subsidiary as described in ‎Section 3.20 and pledges of Capital Stock of Unrestricted Subsidiaries;

 

(23)         (i) any
lease entered into between the Company or any Restricted Subsidiary, as lessee, and any Affiliate of the Company, as lessor and (ii) any
operational services arrangement entered into between the Company or any Restricted Subsidiary and any Affiliate of the Company, in each
case, which is approved as being on arm’s-length terms by the reasonable determination of the Company;

 

(24)         intellectual
property licenses and research and development agreements in the ordinary course of business or consistent with past practice;

 

    	 	-85-	 

     

    

 

(25)         payments
to or from, and transactions with, any Subsidiary or any joint venture in the ordinary course of business or consistent with past practice
(including any cash management arrangements or activities related thereto);

 

(26)         the
payment of fees, costs and expenses related to registration rights and indemnities provided to equityholders pursuant to equityholders,
investor rights, registration rights or similar agreements;

 

(27)         transactions
undertaken in the ordinary course of business pursuant to membership in a purchasing consortium; and

 

(28)         Permitted
Intercompany Activities, Permitted Tax Restructurings or Intercompany License Agreements.

 

In addition, if the Company or any of its Restricted
Subsidiaries (i) purchases or otherwise acquires assets or properties from a Person which is not an Affiliate, the purchase or acquisition
by an Affiliate of the Company of an interest in all or a portion of the assets or properties acquired shall not be deemed an Affiliate
Transaction (or cause such purchase or acquisition by the Company or a Restricted Subsidiary to be deemed an Affiliate Transaction) and
(ii) sells or otherwise disposes of assets or other properties to a Person who is not an Affiliate, the sale or other disposition
by an Affiliate of the Company of an interest in all or a portion of the assets or properties sold shall not be deemed an Affiliate Transaction
(or cause such sale or other disposition by the Company or a Restricted Subsidiary to be deemed an Affiliate Transaction).

 

Section 3.9.        Change
of Control.

 

(a)           If
a Change of Control occurs, unless the Company has previously or substantially concurrently therewith delivered a redemption notice with
respect to all of the outstanding Notes as set forth under ‎Section 5.7(a) or ‎Section 5.7(d), the
Company shall make an offer (the “Change of Control Offer”) to purchase all of the Notes at a price in cash (the “Change
of Control Payment”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to but
excluding the date of repurchase; provided that if the repurchase date is on or after the record date and on or before the corresponding
interest payment date, then Holders in whose name the Notes are registered at the close of business on such record date will receive
the interest due on the repurchase date. Within 30 days following any Change of Control, the Issuer will deliver or cause to be
delivered a notice of such Change of Control Offer electronically in accordance with the applicable procedures of DTC or by first class
mail, with a copy to the Trustee, to each Holder of Notes at the address of such Holder appearing in the security register or otherwise
in accordance with the applicable procedures of DTC, with the following information:

 

(1)           that
a Change of Control Offer is being made pursuant to this ‎Section 3.9, and that all Notes properly tendered pursuant
to such Change of Control Offer will be accepted for payment by the Issuer;

 

(2)           the
purchase price and the purchase date, which will be no earlier than 30 days nor later than 60 days from the date such notice
is delivered (the “Change of Control Payment Date”);

 

(3)           that
any Note not properly tendered will remain outstanding and continue to accrue interest;

 

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

 

    	 	-86-	 

     

    

 

(5)           that
Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender such Notes, with the
form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed, to the applicable Paying Agent
specified in the notice at the address specified in the notice prior to the close of business on the third (3rd) Business Day preceding
the Change of Control Payment Date, or otherwise comply with DTC procedures;

 

(6)           that
Holders will be entitled to withdraw their tendered Notes and their election to require the Issuer to purchase such Notes; provided
that the applicable Paying Agent receives, not later than the close of business on the second (2nd) Business Day prior to the expiration
date of the Change of Control Offer, a telegram, facsimile transmission or letter setting forth the name of the Holder of the Notes,
the principal amount of Notes tendered for purchase, and a statement that such Holder is withdrawing its tendered Notes and its election
to have such Notes purchased, or otherwise comply with DTC procedures;

 

(7)           that
Holders whose Notes are being purchased only in part will be issued new Notes and such new Notes will be equal in principal amount to
the unpurchased portion of the Notes surrendered. The unpurchased portion of the Notes must be equal to at least $2,000 or any integral
multiple of $1,000 in excess of $2,000;

 

(8)           if
such notice is delivered prior to the occurrence of a Change of Control, stating that the Change of Control Offer is conditional on the
occurrence of such Change of Control; and

 

(9)           the
other instructions, as determined by the Issuer, consistent with this ‎Section 3.9, that a Holder must follow.

 

The applicable Paying Agent will promptly deliver
to each Holder of the Notes tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail
(or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes
surrendered, if any; provided that each such new Note will be in a minimum principal amount of $2,000 or an integral multiple
of $1,000 in excess thereof. The Issuer will publicly announce the results of the Change of Control Offer on or as soon as practicable
after the Change of Control Payment Date.

 

If the Change of Control Payment Date is on or
after an interest record date and on or before the related interest payment date, any accrued and unpaid interest will be paid on the
Change of Control Payment Date to the Person in whose name a Note is registered at the close of business on such record date.

 

(b)           On
the Change of Control Payment Date, the Issuer will, to the extent permitted by law,

 

(1)           accept
for payment all Notes issued by it or portions thereof properly tendered pursuant to the Change of Control Offer,

 

(2)           deposit
with the applicable Paying Agent an amount equal to the aggregate Change of Control Payment in respect of all Notes or portions thereof
so tendered, and

 

(3)           deliver,
or cause to be delivered, to the Trustee for cancellation the Notes so accepted together with an Officer’s Certificate to the Trustee
stating that such Notes or portions thereof have been tendered to and purchased by the Issuer.

 

(c)           The
Issuer will not be required to make a Change of Control Offer following a Change of Control if (x) a third party makes the Change
of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable
to a Change of Control Offer made by the Issuer and purchases all Notes validly tendered and not withdrawn under such Change of Control
Offer or (y) a notice of redemption of all outstanding Notes has been given pursuant to ‎Section 5.7 hereof unless
and until there is a default in the payment of the redemption price on the applicable redemption date or the redemption is not consummated
due to the failure of a condition precedent contained in the applicable redemption notice to be satisfied.

 

    	 	-87-	 

     

    

 

(d)           Notwithstanding
anything to the contrary in this ‎Section 3.9, a Change of Control Offer may be made in advance of a Change of Control,
conditional upon such Change of Control.

 

(e)           [Reserved].

 

(f)            While
the Notes are in global form and the Issuer makes an offer to purchase all of the Notes pursuant to the Change of Control Offer, a Holder
may exercise its option to elect for the purchase of the Notes through the facilities of DTC, subject to its rules and regulations.

 

(g)           The
Issuer will comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities
laws, rules and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of
the Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities laws, rules or regulations
conflict with the provisions of this Indenture, the Issuer shall not be deemed to have breached its obligations described in this Indenture
by virtue of compliance therewith.

 

Section 3.10.      Reports.

 

(a)           Notwithstanding
that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or otherwise report
on an annual and quarterly basis on forms provided for such annual and quarterly reporting pursuant to rules and regulations promulgated
by the SEC, from and after the Issue Date, the Company shall deliver to the Trustee, within 15 days after the time periods specified
below:

 

(1)           within
120 days after the end of each fiscal year (or if such day is not a Business Day, on the next succeeding Business Day), all financial
information that would be required to be contained in an annual report on Form 10-K, or any successor or comparable form, filed
with the SEC, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and
a report on the annual financial statements by the Company’s independent registered public accounting firm;

 

(2)           within
60 days after the end of each of the first three fiscal quarters of each fiscal year (or if such day is not a Business Day, on the next
succeeding Business Day), all financial information that would be required to be contained in a quarterly report on Form 10-Q, or
any successor or comparable form, filed with the SEC, including a “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and financial statements prepared in accordance with GAAP; and

 

(3)           promptly
after the occurrence of any of the following events, all current reports that would be required to be filed with the SEC on Form 8-K
as in effect on the Issue Date (if the Company had been a reporting company under Section 15(d) of the Exchange Act); provided
that the foregoing shall not obligate the Company to make available (i) any information regarding the occurrence of any of the
following events if the Company determines in its reasonable determination that such event that would otherwise be required to be disclosed
is not material to the Holders or the business, assets, operations, financial positions or prospects of the Company and its Restricted
Subsidiaries taken as a whole, (ii) an exhibit or a summary of the terms of, any employment or compensatory arrangement, agreement,
plan or understanding between the Company or any of its Subsidiaries and any director, officer or manager of the Company or any of its
Subsidiaries, (iii) copies of any agreements, financial statements or other items that would be required to be filed as exhibits
to a current report on Form 8-K or (iv) any trade secrets, privileged or confidential information obtained from another Person
and competitively sensitive information:

 

(A)          the
entry into or termination of material agreements;

 

(B)           significant
acquisitions or dispositions (which shall only be with respect to acquisitions or dispositions that are significant pursuant to the definition
of “Significant Subsidiary”);

 

    	 	-88-	 

     

    

 

(C)           bankruptcy;

 

(D)          cross-default
under direct material financial obligations;

 

(E)           a
change in the Company’s certifying independent auditor;

 

(F)           the
appointment or departure of directors or executive officers (with respect to the principal executive officer, president, principal financial
officer, principal accounting officer and principal operating officer only);

 

(G)           nonreliance
on previously issued financial statements; and

 

(H)          change
of control transactions,

 

in each case, in a manner that complies in all material respects with
the requirements specified in such form, except as described above or below and subject to exceptions consistent with the presentation
of information in the Offering Memorandum; provided, however, that the Company shall not be required to (i) comply
with Regulation G under the Exchange Act or Item 10(e) of Regulation S-K with respect to any “non-GAAP” financial information
contained therein, (ii) provide any information that is not otherwise similar to information currently included in the Offering
Memorandum, (iii) provide separate financial statements or other information contemplated by Rules 3-05, 3-09, 3-10, 3-16,
13-01 or 13-02 of Regulation S-X, or in each case any successor provisions or any schedules required by Regulation S-X or (iv) contain
any “segment reporting.” In addition, notwithstanding the foregoing, the Company will not be required to (i) comply
with Sections 302, 906 and 404 of the Sarbanes-Oxley Act of 2002, as amended, or (ii) otherwise furnish any information, certificates
or reports required by Items 307, 308 or 402 of Regulation S-K. To the extent any such information is not so filed or furnished, as applicable,
within the time periods specified above and such information is subsequently filed or furnished, as applicable, the Company will be deemed
to have satisfied its obligations with respect thereto at such time and any Default with respect thereto shall be deemed to have been
cured; provided that such cure shall not otherwise affect the rights of the Holders under ‎Section 6.1 hereof
if Holders of at least 30.0% in aggregate principal amount of the outstanding Notes have declared the principal, premium, if any, interest
and any other monetary obligations on all the then outstanding Notes to be due and payable immediately and such declaration shall not
have been rescinded or cancelled prior to such cure. In addition, to the extent not satisfied by the foregoing, the Company shall agree
that, for so long as any Notes are outstanding, it shall furnish to Holders and to securities analysts and prospective investors, upon
their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.

 

(b)           If
the Company has designated any of its Subsidiaries as Unrestricted Subsidiaries and such Unrestricted Subsidiaries or group of
Unrestricted Subsidiaries, if taken together as one Subsidiary, would constitute a Significant Subsidiary of the Company, then the annual
and quarterly financial information required by ‎Section 3.10(a)(1) and ‎(2) will include a presentation
of selected financial metrics, in the Company’s sole discretion, of such Unrestricted Subsidiaries as a group in the “Management’s
Discussion and Analysis of Financial Condition and Results of Operations.”

 

(c)           Substantially
concurrently with the furnishing of such information to the Trustee pursuant to ‎Section 3.10(b), the Company shall also
use its commercially reasonable efforts to post copies of such information required by ‎Section 3.10(b) on a website
(which may be nonpublic and may be maintained by the Company or a third party) to which access will be given to the Holders, prospective
investors in the Notes (which prospective investors shall be limited to “qualified institutional buyers” within the meaning
of Rule 144A of the Securities Act or Non-U.S. Persons (as defined in Regulation S under the Securities Act) that certify their
status as such to the reasonable satisfaction of the Company), and securities analysts and market making financial institutions that
are reasonably satisfactory to the Company. To the extent the Company determines in good faith that it cannot make such reports available
in the manner described in the preceding sentence after the use of its commercially reasonable efforts, the Company shall furnish such
reports to the Holders, upon their request. The Company may condition the delivery of any such reports to such Holders, prospective investors
in the Notes and securities analysts and market making financial institutions on the agreement of such Persons to (i) treat all
such reports (and the information contained therein) and information as confidential, (ii) not use such reports (and the information
contained therein) and information for any purpose other than their investment or potential investment in the Notes and (iii) not
publicly disclose any such reports (and the information contained therein) and information.

 

    	 	-89-	 

     

    

 

(d)           The
Company will participate in quarterly conference calls (which may be a single conference call together with investors and lenders holding
other securities or Indebtedness of the Company, its Restricted Subsidiaries and/or any Parent Entity) to discuss results of operations.
The conference call will be following the last day of each fiscal quarter of the Company and not later than 20 Business Days from the
time that the Company distributes the financial information as set forth in ‎Section 3.10(a). No fewer than two (2) days
prior to the conference call, the Company will issue a press release or otherwise announce the time and date of such conference call
and providing instructions for Holders, prospective investors in the Notes, securities analysts and market making financial institutions
to obtain access to such call.

 

(e)           The
Company may satisfy its obligations pursuant to this ‎Section 3.10 with respect to financial information relating to
the Company by furnishing financial information relating to a Parent Entity; provided that the same is accompanied by consolidating
information that explains in reasonable detail the differences between the information relating to such Parent Entity (and other Parent
Entities included in such information, if any), on the one hand, and the information relating to the Company and its Restricted Subsidiaries
on a standalone basis, on the other hand. For the avoidance of doubt, the consolidating information referred to in the proviso in the
preceding sentence need not be audited.

 

(f)            Notwithstanding
anything to the contrary set forth in this ‎Section 3.10, if the Company or any Parent Entity has furnished to the Holders
of Notes or filed with the SEC the reports described in this ‎Section 3.10 with respect to the Company or any Parent
Entity, the Company shall be deemed to be in compliance with the provisions of this ‎Section 3.10.

 

(g)           Delivery
of reports, information and documents under this Indenture to the Trustee is for informational purposes only and the Trustee’s
receipt of such shall not constitute actual or constructive notice of any information contained therein or determinable from information
contained therein, including the Issuer’s compliance with any of the covenants under this Indenture (as to which the Trustee is
entitled to rely exclusively on Officer’s Certificates). The Trustee shall not be obligated to monitor or confirm, on a continuing
basis or otherwise, the Issuer’s compliance with the covenants under this Indenture or with respect to any reports or other documents
filed with the SEC or posted on the Issuer’s website pursuant to this Indenture, or participate in any conference calls or determine
whether any reports have been filed or posted.

 

Section 3.11.      [Reserved].

 

Section 3.12.      Maintenance
of Office or Agency.

 

The Issuer will maintain an office or agency where
the Notes may be presented or surrendered for payment, where, if applicable, the Notes may be surrendered for registration of transfer
or exchange. The corporate trust office of the Trustee, which initially shall be located at Wilmington Trust, National Association, 50
South Sixth Street, Suite 1290, Minneapolis, Minnesota 55402, Attention: The Dun & Bradstreet Corporation Administrator,
shall be such office or agency of the Issuer, unless the Issuer shall designate and maintain some other office or agency for one or more
of such purposes. The Issuer will give prompt written notice to the Trustee of any change in the location of any such office or agency.
If at any time the Issuer shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations and surrenders may be made or served at the corporate trust office of the Trustee, and the Issuer hereby
appoints the Trustee as its agent to receive all such presentations and surrenders.

 

The Issuer may also from time to time designate
one or more other offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time
to time rescind any such designation. The Issuer will give prompt written notice to the Trustee of any such designation or rescission
and any change in the location of any such other office or agency. No office of the Trustee shall be an office or agency of the Issuer
for the purposes of service of legal process on the Issuer or any Guarantor.

 

    	 	-90-	 

     

    

 

 

Section 3.13.     [Reserved].

 

Section 3.14.     [Reserved].

 

Section 3.15.     [Reserved].

 

Section 3.16.     Compliance
Certificate. The Issuer shall deliver to the Trustee within 120 days after the end of each fiscal year of the Issuer an Officer’s
Certificate, the signer of which shall be the principal executive officer, principal financial officer, principal accounting officer,
principal legal officer, secretary or treasurer of the Issuer, stating that in the course of the performance by the signer of his or
her duties as an Officer of the Issuer he or she would normally have knowledge of any Default or Event of Default and whether or not
the signer knows of any Default or Event of Default that occurred during the previous fiscal year; provided that no such Officer’s
Certificate shall be required for any fiscal year ended prior to the Issue Date. If such Officer does have such knowledge, the certificate
shall describe the Default or Event of Default, its status and the action the Issuer is taking or proposes to take with respect thereto.

 

Section 3.17.     Further
Instruments and Acts. Upon request of the Trustee or as necessary to comply with future developments or requirements, the Issuer
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 purpose of this Indenture.

 

Section 3.18.     [Reserved].

 

Section 3.19.     Statement
by Officers as to Default. The Issuer shall deliver to the Trustee, as soon as possible and in any event within 30 days after
the Issuer becomes aware of the occurrence of any Default or Event of Default, an Officer’s Certificate setting forth the details
of such Event of Default or Default, its status and the actions which the Issuer is taking or proposes to take with respect thereto.

 

Section 3.20.     Designation
of Restricted and Unrestricted Subsidiaries. The Company may designate any Restricted Subsidiary to be an Unrestricted Subsidiary
if that designation would not cause an Event of Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the
aggregate fair market value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary designated
as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation and will reduce the amount available
for Restricted Payments pursuant to ‎Section 3.3 hereof or under one or more
clauses of the definition of Permitted Investments, as determined by the Company. That designation will only be permitted if the Investment
would be permitted at that time and if the Restricted Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. The Company
may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if that redesignation would not cause an Event of Default.

 

Any
designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced to the Trustee by delivering to the Trustee
an Officer’s Certificate certifying that such designation complies with the preceding conditions and was permitted by ‎Section 3.3
hereof. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary,
it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary will
be deemed to be incurred by a Restricted Subsidiary as of such date and, if such Indebtedness is not permitted to be incurred as of such
date by ‎Section 3.2 hereof, the Company will be in default of such covenant.

 

The
Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation will
be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary,
and such designation will only be permitted if (1) such Indebtedness is permitted under ‎Section 3.2
hereof (including pursuant to ‎Section 3.2(b)(5) treating such redesignation
as an acquisition for the purpose of such clause), calculated on a pro forma basis as if such designation had occurred at the
beginning of the applicable reference period; and (2) no Default or Event of Default would be in existence following such designation.
Any such designation by the Company shall be evidenced to the Trustee by delivering to the Trustee an Officer’s Certificate certifying
that such designation complies with the preceding conditions.

 

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Section 3.21.     Suspension
of Certain Covenants on Achievement of Investment Grade Status Beginning on the first (1st) day (a) the Notes have achieved
Investment Grade Status and (b) no Default or Event of Default has occurred and is continuing under this Indenture, and ending on
a Reversion Date (such period a “Suspension Period”), the Company and its Restricted Subsidiaries will not be subject
to Sections ‎3.2, ‎3.3, ‎3.4,
‎3.5, ‎3.7, ‎3.8
and ‎4.1(a)(3) (the “Suspended Covenants”).

 

If at any time the Notes cease to have such Investment
Grade Status, then the Suspended Covenants shall thereafter be reinstated as if such covenants had never been suspended (the “Reversion
Date”) and be applicable pursuant to the terms of this Indenture (including in connection with performing any calculation or
assessment to determine compliance with the terms of this Indenture), unless and until the Notes subsequently attain Investment Grade
Status and no Default or Event of Default is in existence (in which event the Suspended Covenants shall no longer be in effect for such
time that the Notes maintain an Investment Grade Status); provided, however, that no Default, Event of Default or breach of any kind
shall be deemed to exist under this Indenture, the Notes or the Note Guarantees with respect to the Suspended Covenants based on, and
none of the Company or any of its Subsidiaries shall bear any liability for, any actions taken or events occurring during the Suspension
Period, or any actions taken at any time pursuant to any contractual obligation arising prior to the Reversion Date, regardless of whether
such actions or events would have been permitted if the applicable Suspended Covenants remained in effect during such period.

 

On
the Reversion Date, all Indebtedness Incurred during the Suspension Period will be deemed to have been outstanding on the Issue Date,
so that it is classified as permitted under ‎Section 3.3(b)(4)(b).
On and after the Reversion Date, all Liens created during the Suspension Period will be considered Permitted Liens. Calculations made
after the Reversion Date of the amount available to be made as Restricted Payments under ‎Section 3.3
will be made as though ‎Section 3.3 had been in effect since the Issue
Date and prior to, but not during, the Suspension Period. Accordingly, Restricted Payments made during the Suspension Period will not
reduce the amount available to be made as Restricted Payments under ‎Section 3.3(a).
In addition, any future obligation to grant further Note Guarantees shall be released. All such further obligations to grant Guarantees
shall be reinstated on the Reversion Date. As described above, however, no Default, Event of Default or breach of any kind shall be deemed
to have occurred as a result of the Reversion Date occurring on the basis of any actions taken or the continuance of any circumstances
resulting from actions taken or the performance of obligations under agreements entered into by the Company or any of the Restricted
Subsidiaries during the Suspension Period (other than agreements to take actions after the Reversion Date that would not be permitted
outside of the Suspension Period entered into in contemplation of the Reversion Date).

 

On and after each Reversion Date, the Company
and its Subsidiaries will be permitted to consummate the transactions contemplated by any contract entered into during the Suspension
Period, so long as such contract and such consummation would have been permitted during such Suspension Period.

 

The Trustee shall have no duty to monitor the
ratings of the Notes, shall not be deemed to have any knowledge of the ratings of the Notes and shall have no duty to notify Holders
if the Notes achieve Investment Grade Status or of the occurrence of a Reversion Date.

 

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Article IV

 

SUCCESSOR
COMPANY; Successor Person

 

Section 4.1.     Merger
and Consolidation.

 

(a)            The
Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets, in one transaction
or a series of related transactions, to any Person, unless:

 

(1)            the
Company is the surviving Person or the resulting, surviving or transferee Person (the “Successor Company”) will be
a Person organized or existing under the laws of the jurisdiction of the Company or the United States of America, any State of the United
States or the District of Columbia and the Successor Company (if not the Company) will expressly assume all the obligations of the Company
under the Notes and this Indenture pursuant to supplemental indentures or other documents and instruments;

 

(2)            immediately
after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the applicable Successor Company
or any Subsidiary of the applicable Successor Company as a result of such transaction as having been incurred by the applicable Successor
Company or such Subsidiary at the time of such transaction), no Event of Default shall have occurred and be continuing;

 

(3)            immediately
after giving pro forma effect to such transaction, either (a) the applicable Successor Company or the Company would be able to incur
at least an additional $1.00 of Indebtedness pursuant to ‎Section 3.2(a) hereof, (b) the Fixed Charge Coverage
Ratio of the Company and its Restricted Subsidiaries would not be lower than it was immediately prior to giving effect to such transaction
or (c) the Consolidated Total Leverage Ratio of the Company and its Restricted Subsidiaries would not be higher than it was immediately
prior to giving effect to such transaction; and

 

(4)            the
Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation,
merger or transfer and such supplemental indenture (if any) comply with this Indenture and an Opinion of Counsel stating that such supplemental
indenture (if any) is a legal and binding agreement enforceable against the Successor Company; provided that in giving an Opinion
of Counsel, counsel may rely on an Officer’s Certificate as to any matters of fact, including as to satisfaction of clauses ‎(2) and
 ‎(3) above.

 

(b)            [Reserved].

 

(c)            The
Successor Company will succeed to, and be substituted for, and may exercise every right and power of, the Company under the Notes and
this Indenture, and the Company will automatically and unconditionally be released and discharged from its obligations under the Notes
and this Indenture (except in the case of a lease).

 

(d)            Notwithstanding
any other provisions of this ‎Section 4.1, (i) the Company may consolidate or otherwise combine with, merge into
or transfer all or part of its properties and assets to a Guarantor, (ii) the Company may consolidate or otherwise combine with
or merge into an Affiliate organized or existing under the laws of the jurisdiction of the Company or the United States of America, any
State of the United States or the District of Columbia incorporated or organized for the purpose of changing the legal domicile of the
Company, reincorporating the Company in another jurisdiction, or changing the legal form of the Company, (iii) any Restricted Subsidiary
may consolidate or otherwise combine with, merge into or transfer all or part of its properties and assets to the Company or a Guarantor,
(iv) any Restricted Subsidiary may consolidate or otherwise combine with, merge into or transfer all or part of its properties and
assets to any other Restricted Subsidiary and (v) the Company and its Restricted Subsidiaries may complete any Permitted Tax Restructuring.

 

    	 	-93-	 

     

    

 

(e)            The
foregoing provisions (other than the requirements of clause (a)‎(2)) shall not apply to the creation of a new Subsidiary as
a Restricted Subsidiary.

 

(f)            Subject
to ‎Section 10.2(b), no Guarantor may consolidate with or merge with or into, or convey, transfer or lease all or substantially
all of its assets, in one or a series of related transactions, to any Person, unless:

 

(1)(a)       the
other Person is the Company or any Restricted Subsidiary that is a Guarantor or becomes a Guarantor concurrently with the transaction;
or

 

either (x) the Company or a Guarantor
is the continuing Person or (y) the resulting, surviving or transferee Person expressly assumes all the obligations of the Guarantor
under its Note Guarantee and this Indenture; and

 

(b)            immediately
after giving effect to the transaction, no Event of Default shall have occurred and be continuing; or

 

(2)            the
transaction constitutes a sale, disposition or transfer of the Guarantor or the conveyance, transfer or lease of all or substantially
all of the assets of the Guarantor (in each case other than to the Company or a Restricted Subsidiary) otherwise permitted by this Indenture.

 

Notwithstanding
any other provision of this ‎Section 4.1, any Guarantor may (a) consolidate or otherwise combine with, merge
into or transfer all or part of its properties and assets to another Guarantor or the Company, (b) consolidate or otherwise combine
with or merge into an Affiliate incorporated or organized for the purpose of changing the legal domicile of the Guarantor, reincorporating
the Guarantor in another jurisdiction, or changing the legal form of the Guarantor, (c) convert into a corporation, partnership,
limited partnership, limited liability company or trust organized or existing under the laws of the jurisdiction of organization of such
Guarantor, (d) liquidate or dissolve or change its legal form if the Company determines in good faith that such action is in the
best interests of the Company and (e) complete any Permitted Tax Restructuring. Notwithstanding anything to the contrary in this
‎Section 4.1, the Company may contribute Capital Stock of any or all of its Subsidiaries to any Guarantor.

 

Any reference herein to a merger, consolidation,
amalgamation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability
company, limited partnership or trust, or an allocation of assets to a series of a limited liability company, limited partnership or
trust (or the unwinding of such a division or allocation), as if it were a merger, consolidation, amalgamation, assignment, sale, disposition
or transfer, or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability company, limited partnership
or trust shall constitute a separate Person hereunder (and each division of any limited liability company, limited partnership or trust
that is a Subsidiary, Restricted Subsidiary, Unrestricted Subsidiary, joint venture or any other like term shall also constitute such
a Person or entity).

 

Article V

 

REDEMPTION
OF SECURITIES

 

Section 5.1.     Notices
to Trustee. Subject to ‎Section 5.9 hereof, if the Issuer elects to redeem
Notes pursuant to the optional redemption provisions of ‎Section 5.7 hereof,
it must furnish to the Trustee, at least ten (10) days but not more than 60 days before a redemption date, an Officer’s Certificate
setting forth:

 

(1)            the
clause of this Indenture pursuant to which the redemption shall occur;

 

(2)            the
redemption date;

 

(3)            the
principal amount of Notes to be redeemed; and

 

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(4)            the
redemption price.

 

Any optional redemption referenced in such Officer’s
Certificate may be cancelled by the Issuer at any time prior to notice of redemption being sent to any Holder and thereafter shall be
null and void.

 

Section 5.2.     Selection
of Notes to Be Redeemed or Purchased. If less than all of the Notes are to be redeemed pursuant to ‎Section 5.7
or purchased in an Asset Disposition Offer pursuant to ‎Section 3.5 or
a redemption pursuant to ‎Section 5.9, the Trustee will select Notes for
redemption or purchase (a) if the Notes are in global form, on a pro rata basis, by lot, or by such other method in accordance with
the applicable procedures of DTC and (b) if the Notes are in definitive form in their entirety, on a pro rata basis (subject to
adjustments to maintain the authorized Notes denomination requirements) or by lot, except if otherwise required by law.

 

No Notes in an unauthorized denomination or of
$2,000 in aggregate principal amount or less shall be redeemed in part. In the event of partial redemption, the particular Notes to be
redeemed or purchased will be selected, unless otherwise provided herein, not less than ten (10) days nor more than 60 days
prior to the redemption or purchase date by the Trustee from the outstanding Notes not previously called for redemption or purchase;
provided that the Issuer shall provide the Trustee with sufficient notice of such partial redemption to enable the Trustee to
select the Notes for partial redemption.

 

The Trustee will promptly notify the Issuer in
writing of the Notes selected for redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the
principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected will be in minimum principal amounts of $2,000
and whole multiples of $1,000 in excess of $2,000; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire
outstanding amount of Notes held by such Holder, even if not in a minimum principal amount of $2,000 or a multiple of $1,000 in excess
thereof, shall be redeemed or purchased. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes
called for redemption or purchase also apply to portions of Notes called for redemption or purchase.

 

Section 5.3.     Notice
of Redemption. Subject to ‎Section 5.9 hereof, at least ten (10) days
but not more than 60 days before the redemption date, the Issuer will send or cause to be sent, by electronic delivery or by first class
mail postage prepaid, a notice of redemption to each Holder (with a copy to the Trustee) whose Notes are to be redeemed at the address
of such Holder appearing in the security register or otherwise in accordance with the applicable procedures of DTC, except that redemption
notices may be delivered electronically or mailed more than 60 days prior to a redemption date if the notice is issued in connection
with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Articles ‎VIII
or ‎XI hereto.

 

The notice will identify the Notes (including
the CUSIP or ISIN number) to be redeemed and will state:

 

(1)            the
redemption date;

 

(2)            the
redemption price;

 

(3)            if
any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the redemption date
upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation
of the original Note;

 

(4)            the
name and address of the Paying Agent;

 

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

 

(6)            that,
unless the Issuer defaults in making such redemption payment, interest on Notes called for redemption ceases to accrue on and after the
redemption date;

 

    	 	-95-	 

     

    

 

(7)            the
paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed; and

 

(8)            that
no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Notes.

 

At the Issuer’s request, the Trustee will
give the notice of redemption in the Issuer’s name and at its expense; provided, however, that the Issuer has delivered
to the Trustee, at least three (3) Business Days (or if any of the Notes to be redeemed are in definitive form, five (5) Business
Days) prior to the date on which the Issuer instructs the Trustee to give the notice (or such shorter period as the Trustee may agree),
an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice
as provided in the preceding paragraph.

 

Notice of any redemption of the Notes may, at
the Issuer’s discretion, be given prior to the completion of a transaction (including but not limited to an Equity Offering, an
incurrence of Indebtedness, a Change of Control or other transaction) and any redemption notice may, at the Issuer’s discretion,
be subject to one or more conditions precedent, including, but not limited to, completion of a related transaction. If such redemption
or purchase is so subject to satisfaction of one or more conditions precedent such notice shall describe each such condition, and if
applicable, shall state that, in the Issuer’s discretion, the redemption date may be delayed until such time as any or all such
conditions shall be satisfied, or such redemption or purchase may not occur and such notice may be rescinded in the event that any or
all such conditions shall not have been satisfied by the redemption date, or by the redemption date as so delayed. In addition, the Issuer
may provide in such notice that payment of the redemption price and performance of the Issuer’s obligations with respect to such
redemption may be performed by another Person.

 

Section 5.4.     [Reserved].Section 5.5.     Deposit
of Redemption or Purchase Price. Prior to 11:00 a.m. New York City Time on the redemption or purchase date, the Issuer
will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest,
if any, on all Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return, on or following
the applicable redemption or repurchase date, to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in
excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest, if any, on all Notes to be redeemed
or purchased.

 

If
the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease
to accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after a record
date but on or prior to the corresponding interest payment date, then any accrued and unpaid interest up to, but excluding, the redemption
date or purchase date shall be paid on the redemption date or purchase date to the Person in whose name such Note was registered at the
close of business on such record date in accordance with the applicable procedures of DTC. If any Note called for redemption or purchase
is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph,
interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent
lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in ‎Section 3.1
hereof.

 

Section 5.6.     Notes
Redeemed or Purchased in Part. Upon surrender of a Note issued in physical form that is redeemed or purchased in part, the Issuer
will issue and the Trustee will authenticate for the Holder at the expense of the Issuer a new Note equal in principal amount to the
unredeemed or unpurchased portion of the Note surrendered; provided that each such new Note will be in a minimum principal amount
of $2,000 or integral multiple of $1,000 in excess thereof.

 

In
the case of a Note issued as a global note, an appropriate notation will be made on such Note to decrease the principal amount thereof
to an amount equal to the unredeemed portion thereof; provided that the unredeemed portion thereof will be in a minimum
principal amount of $2,000 or integral multiple of $1,000 in excess thereof.

 

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Section 5.7.     Optional
Redemption.

 

(a)            At
any time prior to December 15, 2024, the Company may redeem the Notes in whole or in part, at its option, upon not less than
ten (10) nor more than 60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the address of such
Holder appearing in the Notes Register, at a redemption price (expressed as a percentage of the principal amount of the Notes to be redeemed)
equal to 100.000% plus the relevant Applicable Premium as of, and accrued and unpaid interest, if any, to but excluding, the date of
redemption (the “Redemption Date”), subject to the rights of Holders on the relevant record date to receive interest
due on the relevant interest payment date.

 

(b)            At
any time and from time to time prior to December 15, 2024, the Company may, on one or more occasions, upon not less than
ten (10) nor more than 60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the address of such
Holder appearing in the Notes Register, redeem up to 40.0% of the original aggregate principal amount of Notes issued under this Indenture
on the Issue Date (together with Additional Notes) at a redemption price (expressed as a percentage of the principal amount of Notes
to be redeemed) equal to 105.000%, plus accrued and unpaid interest, if any, to but excluding, the applicable Redemption Date, subject
to the right of Holders of record of the Notes on the relevant record date to receive interest due on the relevant interest payment date,
with the net cash proceeds received by the Company of one or more Equity Offerings of the Company; provided that not less than
50.0% of the original aggregate principal amount of then-outstanding Notes issued under this Indenture remains outstanding immediately
after the occurrence of each such redemption (including Additional Notes but excluding Notes held by the Company or any of its Restricted
Subsidiaries), unless all such Notes are redeemed substantially concurrently; provided further that each such redemption occurs
not later than 180 days after the date of closing of the related Equity Offering. The Trustee shall select the Notes to be purchased
in the manner described under Sections ‎5.1 through ‎5.6.

 

(c)            Except
pursuant to clauses ‎(a) and ‎Section 5.7(b) of this ‎Section 5.7, the Notes will not be
redeemable at the Company’s option prior to December 15, 2024.

 

(d)            At
any time and from time to time on or after December 15, 2024, the Company may redeem the Notes, in whole or in part, upon
not less than ten (10) nor more than 60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the
address of such Holder appearing in the Notes Register at the redemption prices (expressed as percentages of principal amount of the
Notes to be redeemed) set forth in the table below, plus accrued and unpaid interest thereon, if any, to but excluding the applicable
Redemption Date, subject to the right of Holders of record of the Notes on the relevant record date to receive interest due on the
relevant interest payment date, if redeemed during the twelve-month period beginning on December 15 of each of the years indicated
in the table below:

 

	Year	 	Percentage	 
	2024	 	102.500	%
	2025	 	101.250	%
	2026 and thereafter	 	100.000	%

 

(e)            Notwithstanding
the foregoing, in connection with any tender offer for the Notes, including a Change of Control Offer or Asset Disposition Offer, if
Holders of not less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in
such tender offer and the Company, or any third party making such tender offer in lieu of the Company, purchases all of the Notes validly
tendered and not withdrawn by such Holders, the Company or such third party shall have the right upon not less than 10 nor more than
60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the address of such Holder appearing in the Notes
Register, given not more than 30 days following such purchase date to redeem all Notes that remain outstanding following such purchase
at a redemption price equal to the price offered to each other Holder in such tender offer plus, to the extent not included in the tender
offer payment, accrued and unpaid interest, if any, thereon, to but not including, the date of such redemption.

 

    	 	-97-	 

     

    

 

(f)            Unless
the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for
redemption on the applicable Redemption Date.

 

(g)            Any
redemption pursuant to this ‎Section 5.7 shall be made pursuant to the provisions of Sections ‎5.1 through
‎5.6.

 

Section 5.8.     Mandatory
Redemption. The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes; provided,
however, that under certain circumstances, the Company may be required to offer to purchase Notes under ‎Section 3.5
and ‎Section 3.9. As market conditions warrant, the Company and its equity
holders, including the Investor, its respective Affiliates and members of our management, may from time to time seek to purchase its
outstanding debt securities or loans, including the Notes, in privately negotiated or open market transactions, by tender offer or otherwise.

 

Section 5.9.     [Reserved].

 

Article VI

 

DEFAULTS
AND REMEDIES

 

Section 6.1.     Events
of Default.

 

(a)            Each
of the following is an “Event of Default”:

 

(1)            default
in any payment of interest on any Note when due and payable, continued for 30 days;

 

(2)            default
in the payment of the principal amount of or premium, if any, on any Note issued under this Indenture when due at its Stated Maturity,
upon optional redemption, upon required repurchase, upon declaration or otherwise;

 

(3)            failure
by the Company or any Guarantor to comply for 60 days after written notice by the Trustee on behalf of the Holders or by the Holders
of 30.0% in aggregate principal amount of the outstanding Notes with any agreement or obligation contained in this Indenture; provided
that in the case of a failure to comply with this Indenture provisions described under ‎Section 3.10, such period
of continuance of such default or breach shall be 270 days after written notice described in this clause has been given;

 

(4)            default
under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness
for money borrowed by the Company or any Significant Subsidiary (or group of Restricted Subsidiaries that, taken together (as of the
latest audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary)
(or the payment of which is Guaranteed by the Company or any Significant Subsidiary (or group of Restricted Subsidiaries that, taken
together (as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute
a Significant Subsidiary)) other than Indebtedness owed to the Company or a Restricted Subsidiary whether such Indebtedness or Guarantee
now exists, or is created after the date hereof, which default:

 

(A)            is
caused by a failure to pay principal of such Indebtedness, at its stated final maturity (after giving effect to any applicable grace
periods) provided in such Indebtedness (each, a “payment default”); or

 

(B)            results
in the acceleration of such Indebtedness prior to its stated final maturity;

 

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and, in each case, the principal amount of any such Indebtedness,
together with the principal amount of any other such Indebtedness under which there has been a payment default of principal at its stated
final maturity (after giving effect to any applicable grace periods) or the maturity of which has been so accelerated, aggregates to
the greater of $160.0 million and 20.0% of LTM EBITDA or more at any one time outstanding;

 

(5)            failure
by the Company or a Significant Subsidiary (or group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated
financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary) to pay final judgments
aggregating in excess of the greater of $160.0 million and 20.0% of LTM EBITDA other than any judgments covered by indemnities provided
by, or insurance policies issued by, reputable and creditworthy companies, which final judgments remain unpaid, undischarged and unstayed
for a period of more than 60 days after such judgment becomes final, 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)            (A) (x) any
Guarantee of the Notes by a Significant Subsidiary ceases to be in full force and effect or (y) a Guarantor that is a Significant
Subsidiary denies or disaffirms its obligations under its Guarantee of the Notes, other than, in the case of (x) and (y), in accordance
with the terms of this Indenture, or (B) in connection with the bankruptcy of a Guarantor, so long as the aggregate assets of such
Guarantor and any other Guarantor whose Note Guarantee ceased or ceases to be in full force as a result of a bankruptcy are less than
the greater of $160.0 million and 20.0% of LTM EBITDA;

 

(7)            the
Company or a Significant Subsidiary (or any group of Restricted Subsidiaries, that taken together as of the latest audited consolidated
financial statements of the Company and its Restricted Subsidiaries, would constitute a Significant Subsidiary) pursuant to or within
the meaning of any Bankruptcy Law:

 

(A)            commences
a voluntary case or proceeding;

 

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

 

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

 

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

 

(E)            consents
to or acquiesces in the institution of a bankruptcy or an insolvency proceeding against it; or

 

(F)            takes
any comparable action under any foreign laws relating to insolvency;

 

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

 

(A)            is
for relief against the Company or a Significant Subsidiary (or any group of Restricted Subsidiaries, that taken together as of the latest
audited consolidated financial statements for the Company and its Restricted Subsidiaries, would constitute a Significant Subsidiary)
in an involuntary case;

 

(B)            appoints
a Custodian of the Company or a Significant Subsidiary (or any group of Restricted Subsidiaries, that taken together as of the latest
audited consolidated financial statements for the Company and its Restricted Subsidiaries, would constitute a Significant Subsidiary)
for substantially all of its property;

 

    	 	-99-	 

     

    

 

(C)            orders
the winding up or liquidation of the Company or a Significant Subsidiary (or any group of Restricted Subsidiaries, that taken together
as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries, would constitute a Significant
Subsidiary); or

 

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

 

provided
that a Default under clause (3), ‎(4) or ‎(5) above will not constitute an Event of Default until the Trustee
or the Holders of 30.0% in principal amount of the outstanding Notes (with a copy to the Trustee if given by the Holders) notify the
Company of the Default and, with respect to clauses (3) and ‎(5), as applicable, the Company does not cure such Default within
the time specified in clause (3) or ‎(5) after receipt of such notice; provided that a notice of Default may not
be given with respect to any action taken, and reported publicly or to Holders, more than two years prior to such notice of Default.

 

(b)            Any
notice of Default, notice of acceleration or instruction to the Trustee to provide a notice of Default, notice of acceleration or take
any other action (a “Noteholder Direction”) provided by any one or more Holders (each, a “Directing Holder”)
must be accompanied by a written representation from each such Holder delivered to the Company and the Trustee that such Holder is not
(or, in the case such Holder is DTC or its nominee, that such Holder is being instructed solely by beneficial owners that have represented
that they are not) Net Short (a “Position Representation”), which representation, in the case of a Noteholder Direction
relating to the delivery of a notice of Default shall be deemed a continuing representation until the resulting Event of Default is cured
or otherwise ceases to exist or the Notes are accelerated. In addition, each Directing Holder is deemed, at the time of providing a Noteholder
Direction, to covenant to provide the Company with such other information as the Company may reasonably request from time to time in
order to verify the accuracy of such Noteholder’s Position Representation within five (5) Business Days of request therefor
(a “Verification Covenant”). In any case in which the Holder is DTC or its nominee, any Position Representation or
Verification Covenant required hereunder shall be provided by the beneficial owner of the Notes in lieu of DTC or its nominee and DTC
shall be entitled to conclusively rely on such Position Representation and Verification Covenant in delivering any direction to the Trustee.

 

(c)            If,
following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Company determines in good faith that there
is a reasonable basis to believe a Directing Holder was, at any relevant time, in breach of its Position Representation and provides
to the Trustee an Officer’s Certificate stating that the Company has initiated litigation in a court of competent jurisdiction
seeking a determination that such Directing Holder was, at such time, in breach of its Position Representation, and seeking to invalidate
any Event of Default or acceleration or other action (or notice thereof) that resulted from the applicable Noteholder Direction, the
cure period with respect to the relevant Default shall be automatically stayed and the cure period with respect to such Event of Default
shall be automatically reinstituted and any remedy stayed pending a final and nonappealable determination of a court of competent jurisdiction
on such matter. If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Company provides to
the Trustee an Officer’s Certificate stating that a Directing Holder failed to satisfy its Verification Covenant, the cure period
with respect to such Default shall be automatically stayed and the cure period with respect to any Default or Event of Default that resulted
from the applicable Noteholder Direction shall be automatically reinstituted and any remedy stayed pending satisfaction of such Verification
Covenant. Any breach of the Position Representation shall result in such Holder’s participation in such Noteholder Direction being
disregarded and, if, without the participation of such Holder, the percentage of Notes held by the remaining Holders that provided such
Noteholder Direction would have been insufficient to validly provide such Noteholder Direction, such Noteholder Direction shall be void
ab initio (other than any indemnity such Directing Holder may have offered the Trustee), with the effect that such Event of Default
shall be deemed never to have occurred, acceleration voided and the Trustee shall be deemed not to have received such Noteholder Direction
or any notice of such Default or Event of Default.

 

    	 	-100-	 

     

    

 

(d)            Notwithstanding
anything in Section ‎6.1(b) and ‎Section 6.1(c) to the contrary, any Noteholder Direction delivered
to the Trustee during the pendency of an Event of Default described in clause (7) or (8) of ‎Section 6.1(a) shall
not require compliance with Sections ‎6.1(b) and ‎6.1(c). For the avoidance of doubt, the Trustee shall be
entitled to conclusively rely on any Noteholder Direction delivered to it in accordance with this Indenture and shall have no duty to
inquire as to or investigate the accuracy of any Position Representation, enforce compliance with any Verification Covenant, verify any
statements in any Officer’s Certificate delivered to it, or otherwise make calculations, investigations or determinations with
respect to Derivative Instruments, Net Shorts, Long Derivative Instruments, Short Derivative Instruments or otherwise and shall have
no liability for ceasing to take any action, staying any remedy or otherwise failing to act in accordance with a Noteholder Direction
during the pendency of Litigation or a Noteholder Direction after a Verification Covenant Officer’s Certificate has been provided
to it. The Trustee shall have no liability or responsibility to the Company, any Holder or any other Person in connection with any Noteholder
Direction or to determine whether or not any Holder has delivered a Position Representation or that such Position Representation conforms
with this Indenture or any other agreement.

 

(e)            If
a Default for a failure to report or failure to deliver a required certificate in connection with another default (the “Initial
Default”) occurs, then at the time such Initial Default is cured, such Default for a failure to report or failure to deliver
a required certificate in connection with another default that resulted solely because of that Initial Default shall also be cured without
any further action.

 

(f)            Any
Default or Event of Default for the failure to comply with the time periods prescribed in ‎Section 3.10 hereof or otherwise
to deliver any notice or certificate pursuant to any other provision of this Indenture shall be deemed to be cured upon the delivery
of any such report required by such provision or such notice or certificate, as applicable, even though such delivery is not within the
prescribed period specified in this Indenture.

 

Section 6.2.     Acceleration.
If any Event of Default (other than an Event of Default described in clause ‎(7) or
‎(8) of ‎Section 6.1(a)) occurs
and is continuing, the Trustee by written notice to the Company or the Holders of at least 30.0% in principal amount of the outstanding
Notes by written notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest, if any, on all
the Notes to be due and payable. Upon such a declaration, such principal and accrued and unpaid interest, will be due and payable immediately.

 

In
the event of any Event of Default specified in clause ‎(4) of ‎Section 6.1(a),
such Event of Default and all consequences thereof shall be annulled, waived and rescinded, automatically and without any action by the
Trustee or the Holders, if within 30 days after such Event of Default arose:

 

(1)           (x)             the
Indebtedness that gave rise to such Event of Default shall have been discharged in full; or

 

(y)            the
holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default;
or

 

(z)            if
the default that is the basis for such Event of Default has been cured; and

 

(2)            the
annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction.

 

If
an Event of Default described in clause ‎(7) or ‎(8) of
‎Section 6.1(a) occurs and is continuing, the principal of and accrued
and unpaid interest, on all Notes will become and be immediately due and payable without any declaration or other act on the part of
the Trustee or any Holders.

 

Section 6.3.     Other
Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in
equity to collect the payment of principal of, or premium, if any, or interest, if any, on the Notes or to enforce the performance of
any provision of the Notes or this Indenture.

 

    	 	-101-	 

     

    

 

The Trustee may maintain a proceeding even if
it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder
in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or
acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative.

 

Section 6.4.     Waiver
of Past Defaults. The Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the
Trustee may, on behalf of all of the Holders, (a) waive, by their consent (including, without limitation, consents obtained in connection
with a purchase of, or tender offer or exchange offer for, Notes), an existing Default or Event of Default and its consequences under
this Indenture except (i) a Default or Event of Default in the payment of the principal of, or interest, on a Note or (ii) a
Default or Event of Default in respect of a provision that under ‎Section 9.2
cannot be amended without the consent of each Holder affected and (b) rescind any acceleration with respect to the Notes and
its consequences if (1) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction, (2) all
existing Events of Default have been cured or waived except nonpayment of principal, premium, if any, interest, if any, 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) the
Issuer has paid the Trustee its compensation and reimbursed the Trustee for its reasonable expenses, disbursements and advances and (5) in
the event of the cure or waiver of an Event of Default of the type described in clause ‎(4) of
‎Section 6.1(a), the Trustee shall have received an Officer’s Certificate
and an Opinion of Counsel stating that such Event of Default has been cured or waived. No such rescission shall affect any subsequent
Default or impair any right consequent thereto. When a Default or Event of Default is waived, it is deemed cured, but no such waiver
shall extend to any subsequent or other Default or Event of Default or impair any consequent right.

 

Section 6.5.     Control
by Majority. The Holders of a majority in aggregate 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 of exercising any trust or power conferred on the Trustee. However,
the Trustee may refuse to follow any direction that conflicts with law or this Indenture or the Notes or, subject to Sections ‎7.1
and ‎7.2, that the Trustee determines is unduly prejudicial to the rights
of other Holders (it being understood that the Trustee does not have an affirmative duty to determine whether any action is prejudicial
to any Holder) or would involve the Trustee in personal liability; provided, however, that the Trustee may take any other
action deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any such action hereunder, the Trustee
shall be entitled to indemnification satisfactory to it against all fees, losses, liabilities and expenses (including attorney’s
fees and expenses) caused by taking or not taking such action.

 

Section 6.6.     Limitation
on Suits. Subject to Section 6.7, a Holder may not pursue any remedy with respect to this Indenture or the Notes unless:

 

(1)            such
Holder has previously given the Trustee written notice that an Event of Default is continuing and, if such Event of Default is in respect
of ‎Section 6.1(a)(3), (4) or (5), such Holder is not in breach of a Position Representation or Verification
Covenant;

 

(2)            Holders,
or in the case of ‎Section 6.1(a)(3), (4) or (5), Directing Holders that are not in breach of a Position
Representation or Verification Covenant, of at least 30.0% in aggregate principal amount of the outstanding Notes have requested in writing
the Trustee to pursue the remedy;

 

(3)            such
Holders, or Directing Holders that are not in breach of a Position Representation (as applicable), have offered in writing and, if requested,
provided to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense;

 

(4)            the
Trustee has not complied with such request within 60 days after the receipt of the written request and the offer of security or
indemnity; and

 

    	 	-102-	 

     

    

 

(5)            Holders
of a majority in aggregate principal amount of the outstanding Notes have not given the Trustee a written direction that, in the opinion
of the Trustee, is inconsistent with such request within such 60-day period.

 

A Holder may not use this Indenture to prejudice
the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not
have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders).

 

Section 6.7.     Rights
of Holders to Receive Payment. Notwithstanding any other provision of this Indenture (including, without limitation, ‎Section 6.6),
the contractual right of any Holder to receive payment of interest on the Notes held by such Holder or to institute suit for the enforcement
of any such payment on or with respect to such Holder’s Notes shall not be impaired or affected without the consent of such Holder
(and, for the avoidance of doubt, the amendment, supplement or modification in accordance with the terms of this Indenture of ‎Article III
and IV and ‎Section 6.1(a)(3), ‎(4),
‎(5) and ‎(6) and
the related definitions shall be deemed not to impair the contractual right of any Holder to receive payments of principal of and interest
on such Holder’s Notes on or after the due dates therefor or to institute suit for the enforcement of any such payment on or with
respect to such Holder’s Note).

 

Section 6.8.     Collection
Suit by Trustee. If an Event of Default specified in clauses ‎(1) or ‎(2) of
‎Section 6.1(a) occurs and is continuing, the Trustee may recover judgment
in its own name and as trustee of an express trust against the Issuer for the whole amount then due and owing (together with interest
on any unpaid interest to the extent lawful) and the amounts provided for in ‎Section 7.7.

 

Section 6.9.     Trustee
May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Issuer, its Subsidiaries
or its or their respective creditors or properties and, unless prohibited by law or applicable regulations, may be entitled and empowered
to participate as a member of any official committee of creditors appointed in such matter and may vote on behalf of the Holders in any
election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding is
hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such
payments directly to the Holders, to pay to the Trustee any amount due it for the compensation, expenses, disbursements and advances
of the Trustee, its agents and its counsel, and any other amounts due the Trustee under ‎Section 7.7.

 

No provision of this Indenture shall be deemed
to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Notes or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the
claim of any Holder in any such proceeding.

 

Section 6.10.     Priorities.

 

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

 

FIRST: to the Trustee for amounts due
to it under ‎Section 7.7;

 

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

 

THIRD: to the Issuer, or to the extent
the Trustee collects any amount for any Guarantor, to such Guarantor.

 

    	 	-103-	 

     

    

 

(b)            The
Trustee may fix a record date and payment date for any payment to Holders pursuant to this ‎Section 6.10. At least 15 days
before such record date, the Issuer shall send or cause to be sent to each Holder and the Trustee a notice that states the record date,
the payment date and amount to be paid.

 

Section 6.11.     Undertaking
for Costs. 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 the Issuer, a suit by a Holder pursuant to Section 6.7 or a suit by Holders of more than 20.0% in outstanding aggregate
principal amount of the Notes.

 

Article VII

 

TRUSTEE

 

Section 7.1.     Duties
of Trustee.

 

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

 

(b)            Except
during the continuance of an Event of Default known to a Trust Officer:

 

(1)            the
Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no implied covenants
or obligations shall be read into this Indenture against the Trustee; and

 

(2)            in
the absence of gross negligence or willful misconduct 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, opinions or orders furnished to the Trustee and conforming
to the requirements of this Indenture or the Notes, as the case may be. However, in the case of any such certificates or opinions which
by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such certificates and opinions
to determine whether or not they conform to the requirements of this Indenture or the Notes, as the case may be (but need not confirm
or investigate the accuracy of mathematical calculations or other facts stated therein).

 

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

 

(1)            this
paragraph does not limit the effect of ‎Section 7.1(b);

 

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

 

(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 6.5; and

 

(4)            No
provision of this Indenture or the Notes shall require the Trustee to expend or risk its own funds or otherwise incur financial liability
in the performance of any of its duties hereunder or thereunder or in the exercise of any of its rights or powers, if it shall have reasonable
grounds to believe that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.

 

    	 	-104-	 

     

    

 

(d)            Every
provision of this Indenture that in any way relates to the Trustee is subject to clauses ‎(a), ‎(b) and ‎(c) of
this ‎Section 7.1.

 

(e)            The
Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuer.

 

(f)            Money
held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

 

(g)            Every
provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject
to the provisions of this ‎Section 7.1.

 

Section 7.2.     Rights
of Trustee. Subject to ‎Section 7.1:

 

(a)            The
Trustee may conclusively rely on and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, judgment or other paper or document (whether in its original,
facsimile or electronic form) reasonably 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. The Trustee shall receive and retain financial reports and statements
of the Company as provided herein, but shall have no duty to review or analyze such reports or statements to determine compliance with
covenants or other obligations of the Issuer.

 

(b)            Before
the Trustee acts or refrains from acting, it may require an Officer’s Certificate and/or an Opinion of Counsel. The Trustee shall
not be liable for any action it takes or omits to take in good faith in reliance on an Officer’s Certificate or Opinion of Counsel.

 

(c)            The
Trustee may execute any of the trusts and powers hereunder or perform any duties hereunder either directly or by or through its attorneys
and agents and shall not be responsible for the misconduct or negligence of any agent or attorney appointed with due care by it hereunder.

 

(d)            The
Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights
or powers conferred upon it by this Indenture.

 

(e)            The
Trustee may consult with counsel of its selection, and the advice or opinion of counsel relating to this Indenture or the Notes 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 Notes in good faith and in accordance with the advice or opinion of such counsel.

 

(f)            The
Trustee shall not be deemed to have notice of any Default or Event of Default or whether any entity or group of entities constitutes
a Significant Subsidiary unless a Trust Officer has knowledge thereof or unless written notice of any event which is in fact such a Default
or Event of Default or of any such Significant Subsidiary is received by the Trustee at the corporate trust office of the Trustee specified
in ‎Section 3.12, and such notice references the Notes and this Indenture and states that it is a “Notice
of Default.”

 

(g)            The
rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other
Person employed to act hereunder.

 

(h)            The
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture or the Notes at the request,
order or direction of any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered, and if
requested, provided to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which
may be incurred therein or thereby.

 

    	 	-105-	 

     

    

 

 

(i)            The
Trustee shall not be deemed to have knowledge of any fact or matter unless such fact or matter is known to a Trust Officer.

 

(j)            Whenever
in the administration of this Indenture or the Notes the Trustee shall deem it desirable that a matter be proved or established prior
to taking, suffering or omitting any action hereunder or thereunder, the Trustee (unless other evidence be herein specifically prescribed)
may, in the absence of negligence or willful misconduct on its part, conclusively rely upon an Officer’s Certificate.

 

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

 

(l)            The
Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder.

 

(m)            The
Trustee may request that the Issuer deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture or the Notes.

 

(n)            In
no event shall the Trustee be liable to any Person for special, punitive, indirect, consequential or incidental loss or damage of any
kind whatsoever (including, but not limited to, lost profits), even if the Trustee has been advised of the likelihood of such loss or
damage.

 

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

 

(p)            The
permissive rights of the Trustee under this Indenture shall not be construed as duties.

 

Section 7.3.     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 Issuer, Guarantors or their Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar,
co-registrar or co-paying agent may do the same with like rights. However, the Trustee must comply with Sections ‎7.10
and ‎7.11. In addition, the Trustee shall be permitted to engage in transactions
with the Issuer and its Affiliates and Subsidiaries.

 

Section 7.4.     Trustee’s
Disclaimer. The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture
or the Notes, shall not be accountable for the Issuer’s use of the proceeds from the sale of the Notes, shall not be responsible
for the use or application of any money received by any Paying Agent other than the Trustee or any money paid to the Issuer pursuant to
the terms of this Indenture and shall not be responsible for any statement of the Issuer in this Indenture or in any document issued in
connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication.

 

Section 7.5.     Notice
of Defaults. If a Default or Event of Default occurs and is continuing and if a Trust Officer has knowledge thereof, the Trustee shall
send electronically or by first class mail to each Holder at the address set forth in the Notes Register notice of the Default or Event
of Default within 60 days after it is known to a Trust Officer. Except in the case of a Default or Event of Default in payment of
principal of or interest, if any, on any Note (including payments pursuant to the optional redemption or required repurchase provisions
of such Note), the Trustee may withhold the notice if and so long it in good faith determines that withholding the notice is in the interests
of Holders.

 

    	 	-106-	 

     

    

 

Section 7.6.     [Reserved].

 

Section 7.7.     Compensation
and Indemnity. The Issuer shall pay to the Trustee from time to time compensation for its services hereunder and under the Notes
as the Issuer and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any
law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee upon request for all reasonable out-of-pocket
expenses incurred or made by it, including, but not limited to, costs of collection, costs of preparing reports, certificates and other
documents, costs of preparation and mailing of notices to Holders. Such expenses shall include the reasonable compensation and expenses,
disbursements and advances of the agents, counsel, accountants and experts of the Trustee. The Issuer and the Guarantors, jointly and
severally, shall indemnify the Trustee, its directors, officers, employees and agents against any and all loss, liability, damages, claims
or expense, including taxes (other than taxes based upon the income of the Trustee) (including reasonable attorneys’ and agents’
fees and expenses) incurred by it without willful misconduct or gross negligence, as determined by a final nonappealable order of a court
of competent jurisdiction, on its part in connection with the administration of this trust and the performance of its duties hereunder
and under the Notes, including the costs and expenses of enforcing this Indenture (including this ‎Section 7.7)
and the Notes and of defending itself against any claims (whether asserted by any Holder, the Issuer or otherwise). The Trustee shall
notify the Issuer promptly of any claim for which it may seek indemnity of which it has received written notice. Failure by the Trustee
to so notify the Issuer shall not relieve the Issuer of its obligations hereunder. The Issuer shall defend the claim and the Trustee
shall provide reasonable cooperation at the Issuer’s expense in the defense. The Trustee may have separate counsel and the Issuer
shall pay the fees and expenses of such counsel; provided that the Issuer shall not be required to pay the fees and expenses of
such separate counsel if it assumes the Trustee’s defense, and, in the reasonable judgment of outside counsel to the Trustee, there
is no conflict of interest between the Issuer and the Trustee in connection with such defense; provided further that, the Company
shall be required to pay the reasonable fees and expenses of such counsel in evaluating such conflict.

 

To
secure the Issuer’s payment obligations in this ‎Section 7.7,
the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee other than money or property
held in trust to pay principal of and interest on particular Notes. Such lien shall survive the satisfaction and discharge of this Indenture.
The Trustee’s respective right to receive payment of any amounts due under this ‎Section 7.7
shall not be subordinate to any other liability or Indebtedness of the Issuer.

 

The
Issuer’s payment obligations pursuant to this ‎Section 7.7 shall
survive the discharge of this Indenture and any resignation or removal of the Trustee under ‎Section 7.8.
Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee incurs fees, expenses or renders
services after the occurrence of an Event of Default specified in clause ‎(7) or clause ‎(8) of
‎Section 6.1(a), the fees and expenses (including the reasonable fees and
expenses of its counsel) are intended to constitute expenses of administration under any Bankruptcy Law.

 

Section 7.8.     Replacement
of Trustee. The Trustee may resign at any time by so notifying the Issuer in writing not less than 30 days prior to the effective
date of such resignation. The Holders of a majority in aggregate principal amount of the Notes may remove the Trustee by so notifying
the removed Trustee in writing not less than 30 days prior to the effective date of such removal and may appoint a successor Trustee
with the Issuer’s written consent, which consent will not be unreasonably withheld. The Issuer shall remove the Trustee if:

 

(1)            the
Trustee fails to comply with ‎Section 7.10 hereof;

 

(2)            the
Trustee is adjudged bankrupt or insolvent;

 

(3)            a
receiver or other public officer takes charge of the Trustee or its property; or

 

(4)            the
Trustee otherwise becomes incapable of acting.

 

    	 	-107-	 

     

    

 

If the Trustee resigns or is removed by the Issuer
or by the Holders of a majority in principal amount of the Notes and such Holders do not reasonably promptly appoint a successor Trustee
as described in the preceding paragraph, or if a vacancy exists in the office of the Trustee for any reason (the Trustee in such event
being referred to herein as the retiring Trustee), the Issuer shall promptly appoint a successor Trustee.

 

A
successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuer. Thereupon the resignation
or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of
the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to Holders. The retiring Trustee shall,
at the expense of the Issuer, promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided
for in ‎Section 7.7.

 

If a successor Trustee does not take office within
60 days after the retiring Trustee resigns or is removed, the retiring Trustee or the Holders of at least 10.0% in aggregate principal
amount of the Notes may petition, at the Issuer’s expense, any court of competent jurisdiction for the appointment of a successor
Trustee.

 

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

 

Notwithstanding
the replacement of the Trustee pursuant to this ‎Section 7.8, the
Issuer’s obligations under ‎Section 7.7 shall continue for the benefit
of the retiring Trustee. The predecessor Trustee shall have no liability for any action or inaction of any successor Trustee.

 

Section 7.9.     Successor
Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate
trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any
further act shall be the successor Trustee.

 

In case at the time such successor or successors
by merger, conversion or consolidation to the Trustee shall succeed to the trusts created by this Indenture, any of the Notes shall have
been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor
trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor
to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Trustee;
provided that the right to adopt the certificate of authentication of any predecessor Trustee or authenticate Notes in the name
of any predecessor Trustee shall only apply to its successor or successors by merger, consolidation or conversion.

 

Section 7.10.     Eligibility;
Disqualification. This Indenture shall always have a Trustee. The Trustee shall have a combined capital and surplus of at least $100 million
as set forth in its most recent published annual report of condition.

 

Section 7.11.     [Reserved].

 

Section 7.12.     Trustee’s
Application for Instruction from the Issuer. Any application by the Trustee for written instructions from the Issuer may, at the option
of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or
after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action taken by, or
omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application
(which date shall not be less than three (3) Business Days after the date any Officer of the Issuer actually receives such application,
unless any such Officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective
date in the case of an omission), the Trustee shall have received written instructions in response to such application specifying the
action to be taken or omitted.

 

    	 	-108-	 

     

    

 

Article VIII

 

LEGAL
DEFEASANCE AND COVENANT DEFEASANCE

 

Section 8.1.     Option
to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either
‎Section 8.2 or ‎8.3
hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this ‎Article VIII.

 

Section 8.2.     Legal
Defeasance and Discharge. Upon the Issuer’s exercise under ‎Section 8.1
hereof of the option applicable to this ‎Section 8.2, the Issuer and
each of the Guarantors will, subject to the satisfaction of the conditions set forth in ‎Section 8.4
hereof, be deemed to have been discharged from their obligations with respect to all outstanding Notes (including the Guarantees)
on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal
Defeasance means that the Issuer and the Guarantors will be deemed to have paid and discharged the entire Indebtedness represented by
the outstanding Notes (including the Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes
of ‎Section 8.5 hereof and the other Sections of this Indenture referred
to in clauses ‎(1) and ‎(2) below, and
to have satisfied all of their other obligations under the Note Documents (and the Trustee, on written demand of and at the expense of
the Issuer, shall execute such instruments reasonably requested by the Issuer acknowledging the same) and to have cured all then existing
Events of Default, except for the following provisions which will survive until otherwise terminated or discharged hereunder:

 

(1)            the
rights of Holders of Notes issued under this Indenture to receive payments in respect of the principal of, premium, if any, and interest,
if any, on the Notes when such payments are due solely out of the trust referred to in ‎Section 8.4 hereof;

 

(2)            the
Issuer’s obligations with respect to the Notes under ‎Article II concerning issuing temporary Notes, registration
of such Notes, mutilated, destroyed, lost or stolen Notes and ‎Section 3.12 hereof concerning the maintenance of an office or
agency for payment and money for security payments held in trust;

 

(3)            the
rights, powers, trusts, duties and immunities of the Trustee and the Issuer’s or Guarantors’ obligations in connection therewith;
and

 

(4)            this
‎Article VIII with respect to provisions relating to Legal Defeasance.

 

Section 8.3.     Covenant
Defeasance. Upon the Issuer’s exercise under ‎Section 8.1 hereof
of the option applicable to this ‎Section 8.3, the Issuer and each of the
Guarantors will, subject to the satisfaction of the conditions set forth in ‎Section 8.4
hereof, be released from each of their obligations under the covenants contained in ‎Section 3.2,
‎3.3, ‎3.4, ‎3.5,
‎3.6, ‎3.7, ‎3.8,
‎3.9, ‎3.10, ‎3.11,
‎3.16, ‎3.19, ‎3.20,
‎3.21 and ‎Section 4.1
(except ‎Section 4.1(a)(1) and (a)‎(2))
hereof with respect to the outstanding Notes on and after the date the conditions set forth in ‎Section 8.4
hereof are satisfied (hereinafter, “Covenant Defeasance”), and the Notes will 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 will continue to be deemed “outstanding” for all other purposes hereunder. For this purpose, Covenant
Defeasance means that, with respect to the outstanding Notes and Guarantees, the Issuer and the Guarantors may omit to comply with and
shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly,
by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision
herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under ‎Section 6.1(a) hereof,
but, except as specified above, the remainder of this Indenture and such Notes and Guarantees will be unaffected thereby. In addition,
upon the Issuer’s exercise under ‎Section 8.1 hereof of the option
applicable to this ‎Section 8.3, subject to the satisfaction of the conditions
set forth in ‎Section 8.4 hereof, Sections ‎6.1(a)(3) (other
than with respect to ‎Section 4.1(a)(1) and (a)‎(2)),
‎6.1(a)(4), ‎6.1(a)(5),
‎6.1(a)(6), ‎6.1(a)(7) (with
respect only to a Guarantor that is a Significant Subsidiary or any group of Guarantors that taken together would constitute a Significant
Subsidiary), and 6.1(a)(8) (with respect only to a Guarantor that is a Significant Subsidiary or any group of Guarantors
that taken together would constitute a Significant Subsidiary) hereof shall not constitute Events of Default.

 

    	 	-109-	 

     

    

 

Section 8.4.     Conditions
to Legal or Covenant Defeasance. In order to exercise either Legal Defeasance or Covenant Defeasance under either ‎Section 8.2
or ‎8.3 hereof:

 

(1)            the
Issuer must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in Dollars, U.S. Government Obligations,
or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public
accountants, to pay the principal of and premium, if any, interest, due on the Notes issued under this Indenture on the stated maturity
date or on the applicable redemption date, as the case may be, and the Issuer must specify whether such Notes are being defeased to maturity
or to a particular redemption date; provided that upon any redemption that requires the payment of the Applicable Premium,
the amount deposited shall be sufficient for purposes of this Indenture to the extent that an amount is deposited with the Trustee equal
to the Applicable Premium calculated as of the date of the notice of redemption, with any deficit as of the date of redemption (any such
amount, the “Applicable Premium Deficit”) only required to be deposited with the Trustee on or prior to the date of
redemption. Any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to the Trustee at least two
(2) Business Days prior to the redemption date that confirms that such Applicable Premium Deficit shall be applied toward such redemption;

 

(2)            in
the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel to the effect that, subject to customary
assumptions and exclusions;

 

(A)            the
Issuer has received from, or there has been published by, the United States Internal Revenue Service a ruling; or

 

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

 

(4)            no
Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit and the granting of Liens
in connection therewith) shall have occurred and be continuing on the date of such deposit;

 

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

 

(6)            [Reserved];

 

    	 	-110-	 

     

    

 

(7)            the
Issuer shall have delivered to the Trustee an Officer’s Certificate to the effect that the deposit was not made by the Issuer with
the intent of defeating, hindering, delaying, defrauding or preferring any creditors of the Issuer or any Guarantor; and

 

(8)            the
Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (which Opinion of Counsel may be subject
to customary assumptions and exclusions) each to the effect that all conditions precedent provided for or relating to the Legal Defeasance
or the Covenant Defeasance, as the case may be, have been complied with.

 

Section 8.5.     Deposited
Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. Subject to ‎Section 8.6
hereof, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying
trustee, collectively for purposes of this ‎Section 8.5, the “Trustee”)
pursuant to ‎Section 8.4 hereof in respect of the outstanding Notes will
be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either
directly or through any Paying Agent (including the Issuer acting as Paying Agent) as the Trustee may determine, to the Holders of such
Notes of all sums due and to become due thereon in respect of principal, premium, and interest, but such money need not be segregated
from other funds except to the extent required by law.

 

The
Issuer will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or U.S. Government
Obligations deposited pursuant to ‎Section 8.4 hereof or the principal
and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of
the outstanding Notes.

 

Notwithstanding
anything in this ‎Article VIII to the contrary, the Trustee will deliver
or pay to the Issuer from time to time upon the request of the Issuer any money or U.S. Government Obligations held by it as provided
in ‎Section 8.4 hereof which, in the opinion of a nationally recognized firm
of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered
under ‎Section 8.4(1) hereof), are in excess of the amount thereof that
would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

 

Section 8.6.     Repayment
to the Issuer. Any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the
principal of, premium or interest on, any Note and remaining unclaimed for two years after such principal, premium or interest has become
due and payable shall be paid to the Issuer on its written request unless an abandoned property law designates another Person or (if then
held by the Issuer) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Issuer
for payment thereof unless an abandoned property law designates another Person, and all liability of the Trustee or such Paying Agent
with respect to such trust money, and all liability of the Issuer as trustee thereof, will thereupon cease; provided, however,
that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Issuer cause to be
published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that,
after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any unclaimed balance
of such money then remaining will be repaid to the Issuer.

 

Section 8.7.     Reinstatement.
If the Trustee or Paying Agent is unable to apply any money or Dollars or U.S. Government Obligations in accordance with ‎Section 8.2
or ‎8.3 hereof, as the case may be, by reason of any order or judgment of
any court or Governmental Authority enjoining, restraining or otherwise prohibiting such application, then the Issuer’s and the
Guarantors’ obligations under this Indenture and the Notes and the Guarantees will be revived and reinstated as though no deposit
had occurred pursuant to ‎Section 8.2 or ‎8.3
hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with ‎Section 8.2
or ‎8.3 hereof, as the case may be; provided, however, that,
if the Issuer make any payment of principal of, premium, or interest on, any Note following the reinstatement of its obligations, the
Issuer will be subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government Obligations
held by the Trustee or Paying Agent.

 

    	 	-111-	 

     

    

 

Article IX

 

AMENDMENTS

 

Section 9.1.     Without
Consent of Holders. Notwithstanding ‎Section 9.2 of this Indenture, the
Issuer, any Guarantor (with respect to its Guarantee or this Indenture) and the Trustee may amend, supplement or modify this Indenture,
any Guarantee and the Notes without the consent of any Holder:

 

(1)            to
cure any ambiguity, omission, mistake, defect, error or inconsistency, conform any provision to any provision under the heading “Description
of Notes” in the Offering Memorandum or reduce the minimum denomination of the Notes;

 

(2)            to
provide for the assumption by a successor Person of the obligations of the Issuer or a Guarantor under any Note Document or to comply
with ‎Section 4.1;

 

(3)            to
provide for uncertificated Notes in addition to or in place of certificated Notes or to alter the provisions of this Indenture relating
to the form of the Notes (including related definitions);

 

(4)            to
add or modify the covenants or provide for a Note Guarantee for the benefit of the Holders or to surrender any right or power conferred
upon the Issuer or any Restricted Subsidiary;

 

(5)            to
make any change (including changing the CUSIP or other identifying number on any Notes) that would provide any additional rights or benefits
to the Holders or that does not materially and adversely affect the rights of any Holder in any material respect;

 

(6)            at
the Issuer’s election, comply with any requirement of the SEC in connection with the qualification of this Indenture under the Trust
Indenture Act, if such qualification is required;

 

(7)            make
such provisions as necessary for the issuance of Additional Notes;

 

(8)            provide
for any Restricted Subsidiary to provide a Guarantee in accordance with ‎Section 3.2, to add Guarantees with respect
to the Notes, to add security to or for the benefit of the Notes, or to confirm and evidence the release, termination, discharge or retaking
of any Guarantee or Lien with respect to or securing the Notes when such release, termination, discharge or retaking is provided for
under this Indenture;

 

(9)            evidence
and provide for the acceptance and appointment under this Indenture of a successor Trustee or successor Paying Agent thereunder pursuant
to the requirements hereof or to provide for the accession by the Trustee to any Note Document;

 

(10)            secure
the Notes and/or the related Guarantees or to add collateral thereto;

 

(11)            add
an obligor or a Guarantor under this Indenture;

 

(12)            make
any amendment to the provisions of this Indenture relating to the transfer and legending of Notes as permitted by this Indenture, including
to facilitate the issuance and administration of Notes; provided, however, that such amendment does not materially and adversely affect
the rights of Holders to transfer the Notes; and

 

(13)            comply
with the rules and procedures of any applicable securities depositary.

 

Subject
to ‎Section 9.2, upon the request of the Issuer and upon receipt by
the Trustee of the documents described in Sections ‎9.6 and ‎13.2
hereof, the Trustee will join with the Issuer and the Guarantors in the execution of such amended or supplemental indenture unless such
amended or supplemental indenture affects the Trustee’s own rights, duties, liabilities or immunities under this Indenture or otherwise,
in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental indenture.

 

    	 	-112-	 

     

    

 

Section 9.2.     With
Consent of Holders. Except as provided below in this ‎Section 9.2, the
Issuer, the Guarantors and the Trustee may amend or supplement this Indenture, any Guarantee and the Notes issued hereunder with the
consent of the Holders of at least a majority in principal amount of all the outstanding Notes issued under this Indenture, including,
without limitation, consents obtained before or after a Change of Control or in connection with a purchase of, or tender offer or exchange
offer for, Notes, and any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal
of, premium, if any, or interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance
with any provision of this Indenture, the Notes and the Guarantees may be waived with the consent of the Holders of at least a majority
in principal amount of all the outstanding Notes issued under this Indenture (including consents obtained before or after a Change of
Control or in connection with a purchase of or tender offer or exchange offer for Notes). ‎Section 2.12
hereof and ‎Section 13.4 hereof shall determine which Notes are considered
to be “outstanding” for the purposes of this ‎Section 9.2.

 

Upon
the request of the Issuer, and upon delivery to the Trustee of evidence of the consent of the Holders of Notes as aforesaid, and upon
receipt by the Trustee of the documents described in ‎Section 9.6
and ‎13.2 hereof, the Trustee will join with the Issuer and the Guarantors in the execution
of such amended or supplemental indenture unless such amended or supplemental indenture affects the Trustee’s own rights, duties,
liabilities or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated
to, enter into such amended or supplemental indenture.

 

Without the consent of each Holder of Notes affected,
an amendment, supplement or waiver may not, with respect to any Notes issued thereunder and held by a nonconsenting Holder:

 

(1)            reduce
the principal amount of such Notes whose Holders must consent to an amendment;

 

(2)            reduce
the stated rate of or extend the stated time for payment of interest on any such Note (other than provisions relating to ‎Section 3.5
and ‎Section 3.9);

 

(3)            reduce
the principal of or extend the Stated Maturity of any such Note (other than provisions relating to ‎Section 3.5 and ‎Section 3.9);

 

(4)            reduce
the premium payable upon the redemption of any such Note or change the time at which any such Note may be redeemed, in each case as set
forth in ‎Section 5.7;

 

(5)            make
any such Note payable in currency other than that stated in such Note;

 

(6)            impair
the right of any Holder to institute suit for the enforcement of any payment of principal of and interest on such Holder’s Notes
on or after the due dates therefor;

 

(7)            waive
a Default or Event of Default with respect to the nonpayment of principal, premium or interest (except pursuant to a rescission of acceleration
of the Notes by the Holders of at least a majority in aggregate principal amount of such Notes outstanding and a waiver of the payment
default that resulted from such acceleration); or

 

(8)            make
any change in the amendment or waiver provisions which require the Holders’ consent described in this ‎Section 9.2.

 

It shall not be necessary for the consent of the
Holders under this Indenture to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient
if such consent approves the substance thereof. A consent to any amendment, supplement or waiver under this Indenture by any Holder of
the Notes given in connection with a tender or exchange of such Holder’s Notes will not be rendered invalid by such tender or exchange.

 

    	 	-113-	 

     

    

 

Section 9.3.     [Reserved].

 

Section 9.4.     Revocation
and Effect of Consents and Waivers. Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note
is a continuing consent by the Holder of a Note 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 or waiver is not made on any Note. However, any such Holder of
a Note or subsequent Holder of a Note may revoke the consent or waiver as to such Holder’s Note or portion of its Note if the Trustee
receives written notice of revocation before the date the amendment, supplement or waiver becomes effective. An amendment, supplement
or waiver becomes effective in accordance with its terms and thereafter binds every Holder.

 

The
Issuer may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent
or take any other action described in this ‎Section 9.4 or required
or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph,
those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give
such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders
after such record date. No such consent shall be valid or effective for more than 120 days after such record date.

 

Section 9.5.     Notation
on or Exchange of Notes. The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter
authenticated. The Issuer in exchange for all Notes may issue and the Trustee shall, upon receipt of an Issuer Order, authenticate new
Notes that reflect the amendment, supplement or waiver.

 

Failure to make the appropriate notation or issue
a new Note will not affect the validity and effect of such amendment, supplement or waiver.

 

Section 9.6.     Trustee
to Sign Amendments. The Trustee shall sign any amended or supplemental indenture authorized pursuant to this ‎Article IX
if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. In executing
any amended or supplemental indenture, the Trustee will be entitled to receive and (subject to Sections ‎7.1
and ‎7.2 hereof) shall be fully protected in conclusively relying upon, in
addition to the documents required by ‎Section 13.2 hereof, an Officer’s
Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized or permitted
by this Indenture and is valid, binding and enforceable against the Issuer or any Guarantor, as the case may be, in accordance with its
terms.

 

Article X

 

GUARANTEE

 

Section 10.1.     Guarantee.
Subject to the provisions of this ‎Article X, each Guarantor that executes
this Indenture or a supplemental indenture hereto will fully, unconditionally and irrevocably guarantee, as primary obligor and not merely
as surety, jointly and severally with each other Guarantor, to each Holder, and the Trustee the full and punctual payment when due, whether
at maturity, by acceleration, by redemption or otherwise, of the principal of, premium, if any, and interest on the Notes and all other
obligations and liabilities of the Issuer under this Indenture (including without limitation interest accruing after the filing of any
petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Issuer or any Guarantor
whether or not a claim for post-filing or post-petition interest is allowed in such proceeding and the obligations under ‎Section 7.7)
(all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). Each Guarantor agrees
that the Guaranteed Obligations will rank equally in right of payment with other Indebtedness of such Guarantor, except to the extent
such other Indebtedness is subordinate to the Guaranteed Obligations, in which case the obligations of the Guarantors under the Guarantees
will rank senior in right of payment to such other Indebtedness.

 

    	 	-114-	 

     

    

 

To
evidence its Guarantee set forth in this ‎Section 10.1, each Guarantor
hereby agrees that this Indenture shall be executed on behalf of such Guarantor by an Officer of such Guarantor.

 

Each
Guarantor hereby agrees that its Guarantee set forth in this ‎Section 10.1
shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes.

 

If an Officer whose signature is on this Indenture
no longer holds that office at the time the Trustee authenticates the Note, the Guarantee shall be valid nevertheless.

 

Each
Guarantor further agrees (to the extent permitted by law) that the Guaranteed Obligations may be extended or renewed, in whole or in part,
without notice or further assent from it, and that it will remain bound under this ‎Article X
notwithstanding any extension or renewal of any Guaranteed Obligation.

 

Each Guarantor waives presentation to, demand of
payment from and protest to the Issuer of any of the Guaranteed Obligations and also waives notice of protest for nonpayment. Each Guarantor
waives notice of any default under the Notes or the Guaranteed Obligations.

 

Each Guarantor further agrees that its Guarantee
herein constitutes a Guarantee of payment when due (and not a Guarantee of collection) and waives any right to require that any resort
be had by any Holder to any security held for payment of the Guaranteed Obligations.

 

Except
as set forth in ‎Section 10.2, the obligations of each Guarantor hereunder
shall not be subject to any reduction, limitation, impairment or termination for any reason (other than payment of the Guaranteed Obligations
in full), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff,
counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations
or otherwise. Without limiting the generality of the foregoing, the Guaranteed Obligations of each Guarantor herein shall not be discharged
or impaired or otherwise affected by (a) the failure of any Holder to assert any claim or demand or to enforce any right or remedy
against the Issuer or any other Person under this Indenture, the Notes or any other agreement or otherwise; (b) any extension or
renewal of any thereof; (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture,
the Notes or any other agreement; (d) the release of any security held by any Holder for the Guaranteed Obligations; (e) the
failure of any Holder to exercise any right or remedy against any other Guarantor; (f) any change in the ownership of the Issuer;
(g) any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations; or (h) any other
act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of any
Guarantor or would otherwise operate as a discharge of such Guarantor as a matter of law or equity.

 

Each
Guarantor agrees that its Guarantee herein shall remain in full force and effect until payment in full of all the Guaranteed Obligations
or such Guarantor is released from its Guarantee in compliance with ‎Section 10.2,
‎Article VIII or ‎Article XI.
Each Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any
time payment, or any part thereof, of principal of, premium, if any, or interest on any of the Guaranteed Obligations is rescinded or
must otherwise be restored by any Holder upon the bankruptcy or reorganization of the Issuer or otherwise.

 

In furtherance of the foregoing and not in limitation
of any other right which any Holder has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Issuer to
pay any of the Guaranteed Obligations when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise,
each Guarantor hereby promises to and will, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash,
to the Holders or the Trustee on behalf of the Holders an amount equal to the sum of (i) the unpaid amount of such Guaranteed Obligations
then due and owing and (ii) accrued and unpaid interest on such Guaranteed Obligations then due and owing (but only to the extent
not prohibited by law) (including interest accruing after the filing of any petition in bankruptcy or the commencement of any insolvency,
reorganization or like proceeding relating to the Issuer or any Guarantor whether or not a claim for post-filing or post-petition interest
is allowed in such proceeding).

 

    	 	-115-	 

     

    

 

Each Guarantor further agrees that, as between
such Guarantor, on the one hand, and the Holders, on the other hand, (x) the maturity of the Guaranteed Obligations guaranteed hereby
may be accelerated as provided in this Indenture for the purposes of its Guarantee herein, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the Guaranteed Obligations guaranteed hereby and (y) in the event of any such
declaration of acceleration of such Guaranteed Obligations, such Guaranteed Obligations (whether or not due and payable) shall forthwith
become due and payable by the Guarantor for the purposes of this Guarantee.

 

Each
Guarantor also agrees to pay any and all fees, costs and expenses (including attorneys’ fees and expenses) incurred by the Trustee
or the Holders in enforcing any rights under this ‎Section 10.1.

 

Section 10.2.     Limitation
on Liability; Termination, Release and Discharge.

 

(a)            Any
term or provision of this Indenture to the contrary notwithstanding, the obligations of each Guarantor hereunder will be limited to the
maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to
any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under
its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its
Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal, foreign, state or provincial law and not otherwise
being void or voidable under any similar laws affecting the rights of creditors generally.

 

(b)            Any
Note Guarantee of a Guarantor shall be automatically and unconditionally released and discharged upon:

 

(1)            a
sale, exchange, transfer or other disposition (including by way of merger, amalgamation, consolidation, dividend distribution or
otherwise) of the Capital Stock of such Guarantor (including any sale, exchange, transfer or other disposition) of all or substantially
all of the assets of the Guarantor to a Person other than to the Company or a Restricted Subsidiary and as otherwise permitted by this
Indenture;

 

(2)            the
designation in accordance with this Indenture of the Guarantor as an Unrestricted Subsidiary or the occurrence of any event after which
the Guarantor is no longer a Restricted Subsidiary;

 

(3)            defeasance
or discharge of the Notes pursuant to ‎Article VIII or ‎Article XI;

 

(4)            to
the extent that such Guarantor is not an Immaterial Subsidiary solely due to the operation of clause (i) of the definition of
 “Immaterial Subsidiary,” upon the release of the guarantee referred to in such clause;

 

(5)            such
Guarantor being (or being substantially concurrently) released or discharged from all of (i) its obligations under all of
its Guarantees of payment by the Issuer of any Indebtedness of the Issuer under the Credit Agreement or (ii) in the case of a Note
Guarantee made by a Guarantor (each, an “Other Guarantee”) as a result of its guarantee of other Indebtedness of the
Issuer or a Guarantor pursuant to ‎Section 3.7 hereof, the relevant Indebtedness, except in the case of ‎(5) or
 ‎(5), a release as a result of the payment under such Guarantee (it being understood that a release subject to a contingent reinstatement
is still considered a release, and if any such Guarantee of such Guarantor under the Credit Agreement or any Other Guarantee is so reinstated,
such Note Guarantee shall also be reinstated);

 

(6)            upon
the merger, amalgamation or consolidation of any Guarantor with and into the Company or another Guarantor or upon the liquidation of such
Guarantor, in each case, in compliance with the applicable provisions of this Indenture; or

 

    	 	-116-	 

     

    

 

(7)            upon
the achievement of Investment Grade Status by the Notes; provided that such Note Guarantee shall be reinstated upon the Reversion
Date.

 

Section 10.3.     Right
of Contribution. Each Guarantor hereby agrees that to the extent that any Guarantor shall have paid more than its proportionate share
of any payment made on the obligations under the Guarantees, such Guarantor shall be entitled to seek and receive contribution from and
against the Issuer or any other Guarantor who has not paid its proportionate share of such payment. The provisions of this ‎Section 10.3
shall in no respect limit the obligations and liabilities of each Guarantor to the Trustee and the Holders and each Guarantor shall
remain liable to the Trustee and the Holders for the full amount guaranteed by such Guarantor hereunder.

 

Section 10.4.     No
Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated
to any of the rights of the Trustee or any Holder against the Issuer or any other Guarantor or any collateral security or guarantee or
right of offset held by the Trustee or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled
to seek any contribution or reimbursement from the Issuer or any other Guarantor in respect of payments made by such Guarantor hereunder,
until all amounts owing to the Trustee and the Holders by the Issuer on account of the Guaranteed Obligations are paid in full. If any
amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not
have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee and the Holders, segregated from other funds
of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such
Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations.

 

Article XI

 

SATISFACTION
AND DISCHARGE

 

Section 11.1.     Satisfaction
and Discharge. This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when:

 

(a)            either:

 

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

 

(2)            all
such Notes not theretofore delivered to the Trustee for cancellation (i) have become due and payable by reason of the making of a
notice of redemption or otherwise or (ii) will become due and payable within one year at their Stated Maturity or (iii) are
to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the
Trustee, in the name, and at the expense of the Issuer;

 

(b)            the
Issuer has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders,
cash in Dollars, U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, without consideration
of any reinvestment of interest, to pay and discharge the entire indebtedness on such Notes not previously delivered to the Trustee for
cancellation, for principal, premium, if any, and interest to the date of deposit (in the case of Notes that have become due and payable),
or to the Stated Maturity or redemption date, as the case may be; provided that upon any redemption that requires the payment
of the Applicable Premium, the amount deposited shall be sufficient for purposes of this Indenture to the extent that an amount is deposited
with the Trustee equal to the Applicable Premium calculated as of the date of the notice of redemption, with any Applicable Premium Deficit
only required to be deposited with the Trustee on or prior to the date of redemption, and any Applicable Premium Deficit shall be set
forth in an Officer’s Certificate delivered to the Trustee at least two (2) Business Days prior to the redemption date that
confirms that such Applicable Premium Deficit shall be applied toward such redemption;

 

    	 	-117-	 

     

    

 

(c)            no
Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit and the granting of Liens
in connection therewith) with respect to this Indenture or the Notes issued hereunder shall have occurred and be continuing on the date
of such deposit or shall occur as a result of such deposit and such deposit will not result in a breach or violation of, or constitute
a default under the Credit Facilities or any other material agreement or instrument (other than this Indenture) to which the Issuer or
any Guarantor is a party or by which the Issuer or any Guarantor is bound;

 

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

 

(e)            the
Issuer has delivered irrevocable instructions to the Trustee to apply the deposited money in Dollars toward the payment of such Notes
issued hereunder at maturity or the redemption date, as the case may be.

 

In addition, the Issuer shall deliver an Officer’s
Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied.

 

Notwithstanding
the satisfaction and discharge of this Indenture, the Issuer’s obligations to the Trustee in ‎Section 7.7
hereof and, if money in Dollars has been deposited with the Trustee pursuant to clause (a)‎(2) of
this ‎Section 11.1, the provisions of Sections ‎11.2
and ‎8.6 hereof will survive.

 

Section 11.2.     Application
of Trust Money. Subject to the provisions of ‎Section 8.6 hereof, all
money in Dollars or U.S. Government Obligations deposited with the Trustee pursuant to ‎Section 11.1
hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment,
either directly or through any Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee may determine, to the
Persons entitled thereto, of the principal (and premium) and interest for whose payment such money in Dollars or U.S. Government Obligations
has been deposited with the Trustee; but such money in Dollars or U.S. Government Obligations need not be segregated from other funds
except to the extent required by law.

 

If
the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with ‎Section 11.1
hereof by reason of any legal proceeding or by reason of any order or judgment of any court or Governmental Authority enjoining,
restraining or otherwise prohibiting such application, the Issuer’s and any Guarantor’s obligations under this Indenture
and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to ‎Section 11.1
hereof; provided that if the Issuer have made any payment of principal of, premium or interest on, any Notes because of the
reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from
the money or U.S. Government Obligations held by the Trustee or Paying Agent.

 

Article XII

 

[Reserved.]

 

Article XIII

 

MISCELLANEOUS

 

Section 13.1.     Notices.
Any notice, request, direction, consent or communication made pursuant to the provisions of this Indenture or the Notes shall be in writing
and delivered in person, sent by facsimile, sent by electronic mail in pdf format, delivered by commercial courier service or mailed by
first-class mail, postage prepaid, addressed as follows:

 

    	 	-118-	 

     

    

 

if to the Issuer or to any Guarantor:

 

The Dun & Bradstreet Corporation

101 JFK Parkway, 2nd Floor

Short Hills, New Jersey 07078

Attention: General Counsel

 

with a copy to:

 

Weil, Gotshal & Manges LLP

767
Fifth Avenue

New York, New York 10153

Attention: Frank R. Adams, Esq.

Facsimile: (212) 310-8007

 

if to the Trustee, at its corporate trust office, which corporate
trust office for purposes of this Indenture is at the date hereof located at:

 

Wilmington Trust, National Association

50 South Sixth Street, Suite 1290

Minneapolis, Minnesota 55402

Attention: The Dun & Bradstreet Corporation Administrator

Telecopy: (612) 217-5651

 

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

 

Any notice or communication to the Issuer or the
Guarantors shall be deemed to have been given or made as of the date so delivered if personally delivered or if delivered electronically,
in pdf format; when receipt is acknowledged, if telecopied; and seven (7) 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). Any notice or communication to the Trustee shall be deemed delivered upon receipt.

 

Any notice or communication sent to a Holder shall
be electronically delivered or mailed to the Holder at the Holder’s address as it appears in the Notes Register and shall be sufficiently
given if so sent within the time prescribed.

 

Failure to mail or deliver electronically 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 sent in the manner provided above, it is duly given, whether or not the addressee receives it, except that notices to the Trustee shall
be effective only upon receipt.

 

Notwithstanding any other provision of this Indenture
or any Note, where this Indenture or any Note provides for notice of any event (including any notice of redemption or purchase) to a Holder
of a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to DTC (or its designee) pursuant to
the standing instructions from DTC or its designee.

 

Section 13.2.     Certificate
and Opinion as to Conditions Precedent.

 

Upon any request or application by the Issuer or
any of the Guarantors to the Trustee to take or refrain from taking any action under this Indenture, the Issuer or such Guarantor, as
the case may be, shall furnish to the Trustee:

 

(1)            an
Officer’s Certificate in form satisfactory to the Trustee (which shall include the statements set forth in ‎Section 13.3
hereof) 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 satisfied; and

 

    	 	-119-	 

     

    

 

(2)            an
Opinion of Counsel in form satisfactory to the Trustee (which shall include the statements set forth in ‎Section 13.3
hereof) stating that, in the opinion of such counsel, all such conditions precedent have been satisfied and all covenants have been complied
with.

 

Section 13.3.     Statements
Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a covenant or condition provided for
in this Indenture:

 

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

 

(2)            a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based;

 

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

 

(4)            a
statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied with.

 

In giving such Opinion of Counsel, counsel may
rely as to factual matters on an Officer’s Certificate or on certificates of public officials.

 

Section 13.4.     When
Notes Disregarded. In determining whether the Holders of the required aggregate principal amount of Notes have concurred in any direction,
waiver or consent, Notes owned by the Issuer, any Guarantor or any Affiliate of them shall be disregarded and deemed not to be outstanding,
except that, for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent,
only Notes which a Trust Officer knows are so owned shall be so disregarded. Also, subject to the foregoing, only Notes outstanding at
the time shall be considered in any such determination.

 

Section 13.5.     Rules by
Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for action by, or at meetings of, Holders. The Registrar
and the Paying Agent may make reasonable rules for their functions.

 

Section 13.6.     Legal
Holidays. A “Legal Holiday” is a Saturday, a Sunday or other day on which commercial banking institutions are authorized
or required to be closed in New York, New York or the jurisdiction of the place of payment. If a payment date or a Redemption Date is
a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening
period. If a regular record date is a Legal Holiday, the record date shall not be affected.

 

Section 13.7.     Governing
Law. THIS INDENTURE, THE NOTES AND THE GUARANTEES AND THE RIGHTS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

Section 13.8.     Jurisdiction.
The Issuer and the Guarantors agree that any suit, action or proceeding against the Issuer or any Guarantor brought by any Holder or the
Trustee arising out of or based upon this Indenture, the Guarantee or the Notes may be instituted in any state or Federal court in the
Borough of Manhattan, New York, New York, and any appellate court from any thereof, and each of them irrevocably submits to the non-exclusive
jurisdiction of such courts in any suit, action or proceeding. The Issuer and the Guarantors irrevocably waive, to the fullest extent
permitted by law, any objection to any suit, action, or proceeding that may be brought in connection with this Indenture, the Guarantee
or the Notes, including such actions, suits or proceedings relating to securities laws of the United States of America or any state thereof,
in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been
brought in an inconvenient forum. The Issuer and the Guarantors agree that final judgment in any such suit, action or proceeding brought
in such court shall be conclusive and binding upon the Issuer or the Guarantors, as the case may be, and may be enforced in any court
to the jurisdiction of which the Issuer or the Guarantors, as the case may be, are subject by a suit upon such judgment.

 

    	 	-120-	 

     

    

 

Section 13.9.      Waivers
of Jury Trial. EACH OF THE ISSUER, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO
THIS INDENTURE, THE NOTES OR THE GUARANTEES AND FOR ANY COUNTERCLAIM THEREIN.

 

Section 13.10.    USA
PATRIOT Act. The parties hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act, the Trustee, like all
financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record
information that identifies each person or legal entity that establishes a relationship or opens an account. The parties to this Indenture
agree that they will provide the Trustee with such information as it may request in order to satisfy the requirements of the USA PATRIOT
Act.

 

Section 13.11.    No
Recourse Against Others. No director, officer, employee, incorporator or shareholder of the Issuer or any of its respective Subsidiaries
or Affiliates, or such (other than the Issuer and the Guarantors), shall have any liability for any obligations of the Issuer or the
Guarantors under the Notes, the Guarantees or this Indenture or for any claim based on, in respect of, or by reason of such obligations
or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration
for issuance of the Notes. Such waiver may not be effective to waive liabilities under the U.S. federal securities laws and it is the
view of the SEC that such a waiver is against public policy.

 

Section 13.12.    Successors.
All agreements of the Issuer and each Guarantor in this Indenture and the Notes shall bind their respective successors. All agreements
of the Trustee in this Indenture shall bind its successors.

 

Section 13.13.    Multiple
Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together
represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall
constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture
for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for
all purposes.

 

Section 13.14.    Table
of Contents; Headings. The table of contents, cross-reference table and headings of the Articles and Sections of this Indenture have
been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any
of the terms or provisions hereof.

 

Section 13.15.    Force
Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder
arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, epidemics or pandemics,
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services and the unavailability
of the Federal Reserve bank wire or telex or other wire or telex facility, it being understood that the Trustee shall use reasonable
best efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under
the circumstances.

 

Section 13.16.    Severability.
In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

 

Section 13.17.    [Reserved].

 

    	 	-121-	 

     

    

 

Section 13.18.    Waiver
of Immunities. To the extent that the Issuer or any Guarantor or any of its properties, assets or revenues may have or may hereafter
become entitled to, or have attributed to them, any right of immunity, on the grounds of sovereignty, from any legal action, suit or
proceeding, from set-off or counterclaim, from the jurisdiction of any court, from service of process, from attachment upon or prior
to judgment, or from attachment in aid of execution of judgment, or from execution of judgment, or other legal process or proceeding
for the giving of any relief or for the enforcement of any judgment, in any jurisdiction in which proceedings may at any time be commenced,
with respect to their obligations, liabilities or any other matter under or arising out of or in connection with this Indenture, the
Notes or the Note Guarantees, the Issuer and each Guarantor hereby irrevocably and unconditionally, to the extent permitted by applicable
law, waives and agrees not to plead or claim any such immunity and consents to such relief and enforcement.

 

Section 13.19.   Judgment
Currency. The Issuer and each Guarantor agrees to indemnify the recipient against any loss incurred by such recipient as a result
of any judgment or order being given or made against the Issuer or any Guarantor for any amount due hereunder and such judgment or order
being expressed and paid in a currency (the “Judgment Currency”) other than Dollars and as a result of any variation
as between (i) the rate of exchange at which the Dollar amount is converted into the Judgment Currency for the purpose of such judgment
or order, and (ii) the rate of exchange in The City of New York at which such party on the date of payment of such judgment or order
is able to purchase Dollars with the amount of the Judgment Currency actually received by such party if such party had utilized such
amount of Judgment Currency to purchase Dollars as promptly as practicable upon such party’s receipt thereof. The foregoing indemnity
shall constitute a separate and independent obligation of the Issuer and each Guarantor and shall continue in full force and effect notwithstanding
any such judgment or order as aforesaid. The term “rate of exchange” shall include any premiums and costs of exchange payable
in connection with the purchase of, or conversion into, the relevant currency.

 

[Signatures on following pages]

 

    	 	-122-	 

     

    

 

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

 

	 	THE DUN &
    BRADSTREET CORPORATION
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:     Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer
	 	 	 
	 	AVENTION, INC.
    
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:     Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer
	 	 	 
	 	CANNONDALE
    HOLDINGS, INC. 
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:     Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer
	 	 	 
	 	CANNONDALE
    INVESTMENTS, INC. 
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:      Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer
	 	 	 
	 	D&B MANAGEMENT
    SERVICES CO.  
	 	 
	 	By:	/s/
    Allen Tucci
	 	 	Name:     Allen
    Tucci
	 	 	Title: Treasurer
	 	 	 
	 	DUN &
    BRADSTREET EMERGING BUSINESSES CORP.  
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:     Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer
	 	 	 
	 	DUN &
    BRADSTREET INTERNATIONAL, LTD. 
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:     Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer

 

[Signature Page to this Indenture]

 

    

    

    

 

	 	DUN &
    BRADSTREET NETPROSPEX, INC.  
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:     Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer
	 	 	 
	 	DUN &
    BRADSTREET, INC.  
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:     Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer
	 	 	 
	 	HOOVER’S, INC.  
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:    Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer
	 	 	 
	 	LATTICE ENGINES, INC.  
	 	 
	 	By:	/s/
    Bryan Hipsher
	 	 	Name:     Bryan
    Hipsher
	 	 	Title: Chief
    Financial Officer

 

[Signature
Page to this Indenture]

 

    

    

    

 

	 	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	 	as Trustee
	 	 
	 	By: 	 /s/ Jane Y. Schweiger
	 	 	Name:      Jane Y. Schweiger
	 	 	Title: Vice President

 

[Signature
Page to this Indenture]7

 

    

    

    

 

EXHIBIT A

 

[FORM OF FACE OF GLOBAL RESTRICTED NOTE]

[Applicable Restricted Notes Legend]

[Depository Legend, if applicable]

[OID Legend, if applicable]

 

	No. [___]	Principal Amount $[___________] [as revised by
    the Schedule of Increases and Decreases in Global Note attached hereto]1
	 	CUSIP NO. _________________________
	 	ISIN _______________________________

 

THE DUN & BRADSTREET CORPORATION

 

5.00% Senior Notes due 2029

 

The Dun & Bradstreet Corporation, a Delaware
corporation (the “Issuer”), promises to pay to [Cede & Co.],2 or its registered assigns, the
principal sum of _______________ U. S. dollars, [as revised by the Schedule of Increases and Decreases in Global Note attached hereto],3
on December 15, 2029.

 

Interest Payment Dates: June 15 and December 15,
commencing on June 15, 2022

 

Record Dates: June 1 and December 1

 

Additional provisions of this Note are set forth
on the other side of this Note.

 

 

 

1 Insert in Global Notes only.

 

2 Insert in Global Notes only.

 

3 Insert in Global Notes only.

 

    A-1

    

    

 

 

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

 

	 	THE DUN & BRADSTREET CORPORATION
	 	 
	 	By:	                            
	 	 	Name:
	 	 	Title:

 

    A-2

    

    

 

TRUSTEE CERTIFICATE OF AUTHENTICATION

 

This Note is one of the 5.00% Senior Notes due
2029 referred to in the within-mentioned Indenture.

 

	 	WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Trustee
	 	 
	 	By:	 
	 	 	Authorized Signatory

 

Dated: ______________________

 

    A-3

    

    

 

[FORM OF REVERSE SIDE OF NOTE]

THE DUN & BRADSTREET CORPORATION

5.00% SENIOR NOTES DUE 2029

 

Capitalized terms used herein and not defined
herein have the meanings ascribed thereto in the Indenture.

 

1.             Interest

 

The Issuer promises to pay interest on the principal
amount of this Note at 5.00% per annum from December 20, 2021 until maturity. The Issuer will pay interest semi-annually in arrears
every June 15 and December 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”). Interest on the Notes shall accrue from the most recent date to which interest has been
paid or, if no interest has been paid, from the date of issuance; provided that the first Interest Payment Date shall be June 15,
2022. The Issuer shall pay interest on overdue principal at the rate specified herein, and it shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period)
at the same rate to the extent lawful. Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day
months.

 

2.             Method
of Payment

 

By
no later than 11:00 a.m. (New York City time) on the date on which any principal of, premium, if any, or interest, on any Note
is due and payable, the Issuer shall deposit with the Paying Agent a sum sufficient in immediately available funds to pay such principal,
premium, interest when due. Interest on any Note which is payable, and is timely paid or duly provided for, on any Interest Payment Date
shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the
preceding June 1 and December 1 at the office or agency of the Issuer maintained for such purpose pursuant to ‎Section 2.3
of the Indenture. The principal of (and premium, if any) and interest on the Notes shall be payable at the office or agency of Paying
Agent or Registrar designated by the Issuer maintained for such purpose (which shall initially be the office of the Trustee maintained
for such purpose), or at such other office or agency of the Issuer as may be maintained for such purpose pursuant to ‎Section 2.3
of the Indenture; provided, however, that, at the option of the Paying Agent, each installment of interest may be paid
by (i) check mailed to addresses of the Persons entitled thereto as such addresses shall appear on the Notes Register or (ii) wire
transfer to an account located in the United States maintained by the payee, subject to the third to the last sentence of this paragraph.
Payments in respect of Notes represented by a Global Note (including principal, premium, if any, and interest) will be made by wire transfer
of immediately available funds to the accounts specified by The Depository Trust Company or any successor depository. Payments in respect
of Notes represented by Definitive Notes (including principal, premium, if any, and interest) held by a Holder of at least $1,000,000
aggregate principal amount of Notes represented by Definitive Notes will be made in accordance with the Notes Register, or by wire transfer
to a Dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving
written notice to the Trustee or the Paying Agent to such effect designating such account no later than 15 days immediately preceding
the relevant due date for payment (or such other date as the Trustee may accept in its discretion). If an Interest Payment Date or a
Redemption Date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall
accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected.

 

3.             Paying
Agent and Registrar

 

The Issuer initially appoints Wilmington Trust,
National Association (the “Trustee”) as Registrar and Paying Agent for the Notes. The Issuer may change any Registrar
or Paying Agent without prior notice to the Holders. The Issuer or any Guarantor may act as Paying Agent, Registrar or transfer agent.

 

    A-4

    

    

 

4.             Indenture

 

The Issuer issued the Notes under an Indenture
dated as of December 20, 2021, among the Issuer, the Guarantors named therein and the Trustee (as it may be further amended or supplemented
from time to time in accordance with the terms thereof, the “Indenture”). The terms of the Notes include those stated
in the Indenture. The Notes are subject to all terms and provisions of the Indenture, and Holders are referred to the Indenture for a
statement of those terms. In the event of a conflict between the terms of the Notes and the terms of the Indenture, the terms of the
Indenture shall control.

 

The
Notes are senior obligations of the Issuer. The aggregate principal amount of Notes that may be authenticated and delivered under the
Indenture is unlimited. This Note is one of the 5.00% Senior Notes due 2029 referred to in the Indenture. The Notes include (i) $460,000,000
principal amount of the Issuer’s 5.00% Senior Notes due 2029 issued under the Indenture on December 20, 2021 (the “Initial
Notes”) and (ii) if and when issued, additional Notes that may be issued from time to time under the Indenture subsequent
to December 20, 2021 (the “Additional Notes”) as provided in ‎Section 2.1(a) of
the Indenture. The Initial Notes and the Additional Notes shall be considered collectively as a single class for all purposes of the
Indenture; provided that the Additional Notes will not be issued with the same CUSIP as the existing Notes unless such Additional
Notes are fungible with the existing Notes for U.S. federal income tax purposes. The Indenture imposes certain limitations on the incurrence
of indebtedness, the making of restricted payments, the sale of assets, the incurrence of certain liens, the making of payments for consents,
the entering into of agreements that restrict distribution from restricted subsidiaries and the consummation of mergers and consolidations.
The Indenture also imposes requirements with respect to the provision of financial information and the provision of guarantees of the
Notes by certain subsidiaries.

 

5.             Guarantees

 

From and after the Issue Date, to guarantee the
due and punctual payment of the principal, premium, if any, interest (including post-filing or post-petition interest in any proceeding
under Bankruptcy Law) on the Notes and all other amounts payable by the Issuer under the Indenture and the Notes when and as the same
shall be due and payable, whether at maturity, by acceleration or otherwise, according to the terms of the Notes and the Indenture, each
Guarantor will unconditionally guarantee (and future guarantors, jointly and severally with the Guarantors, will fully and unconditionally
Guarantee) such obligations on a senior basis pursuant to the terms of the Indenture.

 

6.             Redemption

 

(a)           At
any time prior to December 15, 2024, the Company may redeem the Notes in whole or in part, at its option, upon not less than 10
nor more than 60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the address of such Holder appearing
in the Notes Register, at a redemption price (expressed as a percentage of the principal amount of the Notes to be redeemed) equal to
100.000% plus the relevant Applicable Premium as of, and accrued and unpaid interest, if any, to but excluding the date of redemption
(the “Redemption Date”), subject to the rights of Holders on the relevant record date to receive interest due
on the relevant interest payment date.

 

(b)           At
any time and from time to time prior to December 15, 2024, the Company may on one or more occasions, upon not less than 10 nor more
than 60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the address of such Holder appearing in
the Notes Register, redeem up to 40.0% of the original principal amount of Notes issued under the Indenture on the Issue Date (together
with Additional Notes) at a redemption price (expressed as a percentage of the principal amount of Notes to be redeemed) equal to 105.000%,
plus accrued and unpaid interest, if any, to but excluding, the applicable Redemption Date, subject to the right of Holders of record
of the Notes on the relevant record date to receive interest due on the relevant interest payment date, with the Net Cash Proceeds received
by the Company of one or more Equity Offerings of the Company; provided that not less than 50.0% of the original principal amount
of the then-outstanding Notes initially issued under the Indenture remains outstanding immediately after the occurrence of each such
redemption (including Additional Notes but excluding Notes held by the Company or any of its Restricted Subsidiaries), unless all such
notes are redeemed substantially concurrently; provided further that each such redemption occurs not later than 180 days
after the date of closing of the related Equity Offering. The Trustee shall select the Notes to be purchased in the manner described
under Sections ‎5.1 through ‎5.6
of the Indenture.

 

    A-5

    

    

 

(c)           Except
pursuant to clauses (a) and (b) of this paragraph 6, the Notes will not be redeemable at the Company’s option
prior to December 15, 2024.

 

(d)           At
any time and from time to time on or after December 15, 2024, the Company may redeem the Notes, in whole or in part, upon not less
than 10 nor more than 60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the address of such Holder
appearing in the Notes Register at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set
forth in the table below, plus accrued and unpaid interest thereon, if any, to but excluding the applicable Redemption Date, subject
to the right of Holders of record of the Notes on the relevant record date to receive interest due on the relevant interest payment date,
if redeemed during the twelve-month period beginning on December 15 of each of the years indicated in the table below:

 

	Year	 	Percentage	 
	2024	 	 	102.500	%
	2025	 	 	101.250	%
	2026 and thereafter	 	 	100.000	%

 

(e)           Notwithstanding
the foregoing, in connection with any tender offer for the Notes, including a Change of Control Offer or Asset Disposition Offer, if
Holders of not less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in
such tender offer and the Company, or any third party making such tender offer in lieu of the Company, purchases all of the Notes validly
tendered and not withdrawn by such Holders, the Company or such third party shall have the right upon not less than 10 nor more than
60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the address of such Holder appearing in the Notes
Register, given not more than 30 days following such purchase date to redeem all Notes that remain outstanding following such purchase
at a redemption price equal to the price offered to each other Holder in such tender offer plus, to the extent not included in the tender
offer payment, accrued and unpaid interest, if any, thereon to, but not including, the date of such redemption.

 

(f)            Unless
the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for
redemption on the applicable Redemption Date.

 

(g)           Any
redemption pursuant to this paragraph 6 shall be made pursuant to the provisions of ‎Section 5.1
through ‎5.6 of the Indenture.

 

The Company is not required to make mandatory
redemption or sinking fund payments with respect to the Notes.

 

7.             Reserved

 

8.             Repurchase
Provisions

 

If a Change of Control occurs, each Holder will
have the right to require the Issuer to repurchase from each Holder all or any part (equal to a minimum denomination of $2,000 or
an integral multiple of $1,000 in excess thereof) of such Holder’s Notes at a purchase price in cash equal to 101.0% of the aggregate
principal amount thereof plus accrued and unpaid interest, to but excluding the date of purchase; provided that if the repurchase
date is on or after the record date and on or before the corresponding interest payment date, then Holders in whose name the Notes are
registered at the close of business on such record date will receive the interest due on the repurchase date, as provided in, and subject
to the terms of, the Indenture.

 

    A-6

    

    

 

Upon
certain Asset Dispositions, the Issuer may be required to use the Excess Proceeds from such Asset Dispositions to offer to purchase Notes
and, at the Issuer’s option, Pari Passu Indebtedness out of the Excess Proceeds in accordance with the procedures set forth in
‎Section 3.5 and in ‎Article V
of the Indenture.

 

9.             Denominations;
Transfer; Exchange

 

The Notes shall be issuable only in fully registered
form in minimum denominations of principal amount of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder may transfer
or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements
or transfer documents and to pay a sum sufficient to cover any tax and fees required by law or permitted by the Indenture. The Registrar
need not register the transfer of or exchange of any Note (A) for a period beginning (1) fifteen (15) calendar days before
the mailing of a notice of an offer to repurchase or redeem Notes and ending at the close of business on the day of such mailing or (2) fifteen
(15) calendar days before an Interest Payment Date and ending on such Interest Payment Date or (B) called for redemption, except
the unredeemed portion of any Note being redeemed in part.

 

10.           Persons
Deemed Owners

 

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

 

11.           Unclaimed
Money

 

If money for the payment of principal, premium,
if any, interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Issuer at its written request
unless an abandoned property law designates another Person to receive such money. After any such payment, Holders entitled to the money
must look only to the Issuer and not to the Trustee for payment as general creditors unless an abandoned property law designates another
Person for payment.

 

12.           Discharge
and Defeasance

 

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

 

13.           Amendment,
Supplement, Waiver

 

Subject to certain exceptions contained in the
Indenture, the Indenture and the Notes may be amended, or a Default thereunder may be waived, with the consent of the Holders of a majority
in aggregate principal amount of the outstanding Notes. Without notice to or the consent of any Holder, the Issuer, the Guarantors and
the Trustee may amend or supplement the Indenture and the Notes as provided in the Indenture.

 

14.           Defaults
and Remedies

 

If an Event of Default (other than an Event of
Default relating to certain events of bankruptcy, insolvency or reorganization of the Issuer or certain Guarantors) occurs and is continuing,
the Trustee by notice to the Issuer, or the Holders of at least 30.0% in aggregate principal amount of the outstanding Notes by notice
to the Issuer and the Trustee, may declare the principal of and accrued and unpaid interest, and any other monetary obligations on all
the Notes to be due and payable immediately. Upon the effectiveness of such declaration, such principal, interest, and other monetary
obligations will be due and payable immediately. If a bankruptcy, insolvency or reorganization of the Issuer or a Significant Subsidiary
(or any group of Restricted Subsidiaries, that taken together as of the latest audited consolidated financial statements for the Issuer
and its Restricted Subsidiaries, would constitute a Significant Subsidiary) occurs and is continuing, the principal of and accrued and
unpaid interest and any other monetary obligations on all the Notes will become and be immediately due and payable without any declaration
or other act on the part of the Trustee or any Holders. Under certain circumstances, the Holders of a majority in aggregate principal
amount of the outstanding Notes may rescind any such acceleration with respect to the Notes and its consequences.

 

    A-7

    

    

 

15.           Trustee
Dealings with the Issuer

 

Subject to certain limitations set forth in the
Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the
Issuer, Guarantors or their Affiliates with the same rights it would have if it were not Trustee. In addition, the Trustee shall be permitted
to engage in transactions with the Issuer and its Affiliates and Subsidiaries.

 

16.           No
Recourse Against Others

 

No director, officer, employee, incorporator or
shareholder of the Issuer or any of its Subsidiaries or Affiliates, as such (other than the Issuer and the Guarantors), shall have any
liability for any obligations of the Issuer or the Guarantors under the Notes, the Guarantees or the Indenture or for any claim based
on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting a note waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities
under the U.S. federal securities laws and it is the view of the SEC that such a waiver is against public policy.

 

17.           Authentication

 

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

 

18.           Abbreviations

 

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

 

19.           CUSIP
and ISIN Numbers

 

The Issuer has caused CUSIP and ISIN numbers,
if applicable, to be printed on the Notes and has directed the Trustee to use CUSIP and ISIN numbers, if applicable, in notices of redemption
or purchase 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 or purchase and reliance may be placed only on the other identification numbers placed thereon.

 

20.           Governing
Law

 

This Note shall be governed by, and construed
in accordance with, the laws of the State of New York.

 

The Issuer will furnish to any Holder upon written
request and without charge to the Holder a copy of the Indenture. Requests may be made to:

 

The Dun & Bradstreet Corporation 

101 JFK Parkway, 2nd Floor

Short Hills, New Jersey 07078 

Attention: General Counsel

 

    A-8

    

    

 

ASSIGNMENT FORM

 

To assign this Note, fill in the form below:

 

I or we assign and transfer this Note to:

 

 

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

 

 

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

 

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

 

	Date:	Your Signature:	 

 

	Signature Guarantee:	 
	(Signature must be guaranteed)

 

 

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

 

The signature(s) should be guaranteed by an eligible guarantor
institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to Exchange Act Rule 17Ad-15.

 

The
undersigned hereby certifies that it  ̈ is /  ̈ is
not an Affiliate of the Issuer and that, to its knowledge, the proposed transferee  ̈
is /  ̈ is not an Affiliate of the Issuer.

 

In connection with any transfer or exchange of
any of the Notes evidenced by this certificate occurring prior to the date that is one year after the later of the date of original issuance
of such Notes and the last date, if any, on which such Notes were owned by the Issuer or any Affiliate of the Issuer, the undersigned
confirms that such Notes are being:

 

CHECK ONE BOX BELOW:

 

		(1)	 ̈	acquired for the undersigned’s own account, without transfer; or

 

		(2)	 ̈	transferred to the Issuer; or

 

		(3)	 ̈	transferred pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities
Act”); or

 

		(4)	 ̈	transferred pursuant to an effective registration statement under the Securities Act; or

 

		(5)	 ̈	transferred pursuant to and in compliance with Regulation S under the Securities Act; or

 

		(6)	 ̈	transferred to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3), (7), (8), (9), (12)
or (13) under the Securities Act) or an “accredited investor” (as defined in Rule 501(a)(4) under the Securities
Act), that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of which letter appears
as Section 2.8 or 2.10 of the Indenture, respectively); or

 

    A-9

    

    

 

		(7)	 ̈	transferred pursuant to another available exemption from the registration requirements of the Securities Act of 1933, as amended.

 

Unless one of the boxes is checked, the Trustee will refuse to register
any of the Notes evidenced by this certificate in the name of any person other than the registered Holder thereof; provided, however,
that if box (5), (6) or (7) is checked, the Issuer may require, prior to registering any such transfer of the Notes, in its
sole discretion, such legal opinions, certifications and other information as the Issuer may reasonably request 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 of 1933, as amended, such as the exemption provided by Rule 144 under such Act.

 

	 	 
	 	Signature

 

Signature Guarantee:

 

	 	 	 
	 	 	 
	(Signature must be guaranteed)	Signature

 

The signature(s) should be guaranteed by an eligible guarantor
institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to Exchange Act Rule 17Ad-15.

 

TO BE COMPLETED BY PURCHASER IF BOX (1) OR (3) 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 of 1933,
as amended, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information
regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and
that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption
from registration provided by Rule 144A.

 

	 	 
	 	Dated:

 

    A-10

    

    

 

 

 

 

[TO BE ATTACHED TO GLOBAL NOTES]

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTES

 

The following increases or decreases in this Global
Note have been made:

 

	Date of Exchange	 	Amount of decrease

 in Principal Amount

 of this Global Note	 	Amount of increase

 in Principal Amount 

of this Global Note	 	Principal Amount of 

this Global Note 

following such 

decrease or increase	 	Signature of 

authorized signatory 

of Trustee or Notes 

Custodian
	 	 	 	 	 	 	 	 	 

 

    A-11

    

    

 

OPTION OF HOLDER TO ELECT PURCHASE

 

If
you elect to have this Note purchased by the Issuer pursuant to Section ‎3.5
or ‎3.9 of the Indenture, check either box:

 

‎Section 3.5
 ̈     ‎Section 3.9
 ̈

 

If
you want to elect to have only part of this Note purchased by the Issuer pursuant to Section ‎3.5
or ‎3.9 of the Indenture, state the amount in principal amount (must be in minimum denominations
of $2,000 or an integral multiple of $1,000 in excess thereof): $___________________________________ and specify the denomination or denominations
(which shall not be less than the minimum authorized denomination) of the Notes to be issued to the Holder for the portion of the within
Note not being repurchased (in the absence of any such specification, one such Note will be issued for the portion not being repurchased):
_________________.

 

	Date:	 	Your Signature	 	 
	 	 	 	(Sign exactly as your name appears on the other side of the
Note)

 

 

 

	Signature Guarantee:	 	 
	 	(Signature must be guaranteed)

 

The signature(s) should be guaranteed by an eligible guarantor
institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion
program), pursuant to Exchange Act Rule 17Ad-15.

 

    A-12

    

    

 

EXHIBIT B

 

Form of Supplemental Indenture to Add Guarantors

 

[          ]
SUPPLEMENTAL INDENTURE, (this “Supplemental Indenture”) dated as of [ ], by and among the parties that are signatories
hereto as Guarantors (the “Guaranteeing Entities” and each a “Guaranteeing Entity”), The Dun &
Bradstreet Corporation, as Issuer, and Wilmington Trust, National Association, a national banking association, as Trustee under the Indenture
referred to below.

 

W I T N E S S E T H:

 

WHEREAS, each of the Issuer and the Trustee have
heretofore executed and delivered an indenture dated as of December 20, 2021, among the Issuer, the Guarantors named therein and
the Trustee (as further amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance
of an aggregate principal amount of $460.0 million of 5.00% Senior Notes due 2029 of the Issuer (the “Notes”);

 

WHEREAS, the Indenture provides that under certain
circumstances each Guaranteeing Entity shall execute and deliver to the Trustee a supplemental indenture pursuant to which such Guaranteeing
Entity shall unconditionally guarantee, on a joint and several basis with the other Guarantors, all of the Issuer’s Obligations
under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the “Guarantee”);
and

 

WHEREAS,
pursuant to ‎Section 9.1 of the Indenture, the Issuer, any Guarantor
and the Trustee are authorized to execute and deliver a supplemental indenture to add additional Guarantors, without the consent of any
Holder;

 

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

 

ARTICLE I

 

DEFINITIONS

 

Section 1.1. Defined Terms. As used
in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals hereto are used herein as therein defined.
The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental
Indenture refer to this Supplemental Indenture as a whole and not to any particular Section hereof.

 

ARTICLE II

 

AGREEMENT TO BE BOUND; GUARANTEE

 

Section 2.1. Agreement to be Bound.
Each Guaranteeing Entity hereby becomes a party to the Indenture as a Guarantor and as such will have all of the rights and be subject
to all of the obligations and agreements of a Guarantor under the Indenture.

 

Section 2.2.
Guarantee. Each Guaranteeing Entity agrees, on a joint and several basis with all the existing Guarantors [and the other Guaranteeing
Entities], to fully, unconditionally and irrevocably Guarantee to each Holder of the Notes and the Trustee the Guaranteed Obligations
pursuant to ‎Article X of the Indenture on a senior basis.

 

    B-1

    

    

 

ARTICLE III

 

MISCELLANEOUS

 

Section 3.1. Notices. All notices and
other communications to the Guaranteeing Entities shall be given as provided in the Indenture to such Guaranteeing Entities, at their
addresses set forth below, with a copy to the Issuer as provided in the Indenture for notices to the Issuer.

 

[INSERT ADDRESS]

 

Section 3.2.
Merger and Consolidation. No Guaranteeing Entity shall sell or otherwise dispose of all or substantially all of its assets to,
or consolidate with or merge with or into another Person (other than the Issuer or any Restricted Subsidiary that is a Guarantor or becomes
a Guarantor concurrently with the transaction) except in accordance with ‎Section 4.1(f) of
the Indenture.

 

Section 3.3.
Release of Guarantee. This Guarantee shall be released in accordance with ‎Section 10.2
of the Indenture.

 

Section 3.4. Parties. Nothing expressed
or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee,
any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein
or therein contained.

 

Section 3.5. Governing Law. This Supplemental
Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

 

Section 3.6. Severability. In case
any provision in this Supplemental Indenture 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 and such provision shall be ineffective only to the extent
of such invalidity, illegality or unenforceability.

 

Section 3.7. Benefits Acknowledged.
Each Guaranteeing Entity’s Guarantee is subject to the terms and conditions set forth in the Indenture. Each Guaranteeing Entity
acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this
Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of
such benefits.

 

Section 3.8. Ratification of Indenture;
Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and
confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall
form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be
bound hereby.

 

Section 3.9. The Trustee. The Trustee
makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or with respect to the recitals contained
herein, all of which recitals are made solely by the other parties hereto.

 

Section 3.10. Counterparts. The parties
hereto may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission
shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the
original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to
be their original signatures for all purposes.

 

Section 3.11. Execution and Delivery.
Each Guaranteeing Entity agrees that its Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each
Note a notation of any such Guarantee.

 

    B-2

    

    

 

Section 3.12. Headings. The headings
of the Articles and the Sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter
or affect the meaning or interpretation of any provisions hereof.

 

[Signatures on following pages]

 

    B-3

    

    

 

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

 

	 	[GUARANTEEING ENTITY],
	 	as a Guarantor
	 	 
	 	By:	                      
	 	 	Name:
	 	 	Title:
	 	 
	 	THE DUN & BRADSTREET CORPORATION
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

    B-4

    

    

 

	 	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	 	as Trustee
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    B-5

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